The 12-year-old CEO: Quarters founder story
At first glance, George Weiksner might pass for your average 12-year-old-he loves playing video games, he enjoys spending time with his f...
“Why should coins get stuck in games I no longer want to play? I was coming home from school and my dad was explaining the new big thing, crypto. At the time, I was frustrated because whenever I quit a game I lost all my hard-work, time, effort, and worst of all, my coins. I know my friends share my frustration. With Quarters, you will have one wallet for all of your games.”
— George Weiksner, 12, CEO
George on the set of Meet of the Drapers
Virtual currencies (Coins, Gold, Gems, etc.) are used in games across genres and platforms. Players buy these currencies with real money.
Players usually don't spend all of the virtual currency. When they want to play a new game, they have to abandon their winnings and start again from scratch.
This leaves millions of dollars frozen inside games, every day!
Players have a single wallet with Quarters. When they start playing a new game, they can transfer Quarter coins to that game. When they don’t want to play that game any more, they can transfer Quarters back to their wallet, and use them in other games.
Quarters are designed specifically for playing games and not for storing value. Like classic arcade tokens (i.e. Chuck E Cheese), you can buy Quarters but you can’t redeem them outside of the gaming ecosystem.
You are investing in Q2 tokens, which pay you royalties on the sales of Quarters tokens, not the gaming-centered Quarters tokens. See “Token Economics” for more info.
1. Register to get a Quarters wallet
2. Buy Quarters with USD or ETH (Quarters have a fixed price for players)
3. Approve transfer of Quarters to developer
4. Play game, potentially earning more Quarters
Game developers compete to collect Quarters from game players. Players transfer Quarters to developers in order to play games. In turn, developers (but not players) exchange Quarters for Ether, based on a formula set in the smart contract.
Quarters can incentivize game adoption. Players get free Quarters when they sign up, and whenever the number of Quarters sold doubles. Free Quarters are a fun reward for everyone in the Quarters ecosystem.
For further detail on the Quarters ecosystem, you can read the Quarters Whitepaper.
With the core infrastructure built and key partnerships lined up, the Quarters ecosystem is prepared for rapid adoption by players and developers. Highlights include:
1. We’ve launched Quarters and the portal, pocketfulofquarters.com — tokens are already available for purchase by players with an email address and a credit card — it's that easy!
3. Technology partnership with Matic.network to enable us to scale Quarters transactions without creating congestion on the Ethereum mainnet or incurring excessive fees.
4. Distribution partnerships with influencers via Rise9 (www.rise9app.com). Rise9 influencers have over 700,000,000 followers in their community.
5. Raised $400,000 from leading media figures and investors including Michelle Phan, Ugur Koyoglu and other angel investors in a SAFE note and in a private pre-sale of Q2 tokens (same tokens you are investing in).
Investor & Advisor
An early pioneer on YouTube with over 1 billion views. Founder of Ipsy, which is valued at $1B and has over 3,000,000 paid subscribers for its beauty and wellness products.
Ugur is currently Vice Chair at Oliver Wyman. He has been steering the firm’s high-impact corporate strategy, finance and risk management projects for financial institutions across the globe. Ugur invest in innovators who reframe a customer problem and solve it with an unconventional approach. Ugur holds a PhD from Princeton University. Full Biography at Oliver Wyman
Revenue from video games is about seven times (7x) bigger than movies and music combined. One in seven people play video games globally, which is about 1.2B people.
Video games are a $138B market, growing rapidly (>10% per year).
Quarters are intended to be the first gaming token desired by players, distributed directly to players, that has a stable value and works across platforms. Meanwhile, traditional in-game currencies are stuck in each game. Other gaming cryptocurrencies that we are aware of have fixed token supplies with fluctuating values.
We’re on track to launch the Quarters Beta by December 2018.
Our version 1 was a success: we’ve collected a lot of valuable customer feedback and implemented it into an upcoming v.2, which we plan to launch at the end of 2018.
This fall, we will open up a waitlist, and let some players and their friends test our first games. Gaming influencers will play the games to get players excited about Quarters. Then we will launch the Beta to the public for mid-December 2018.
We have an amazing team backing George and his vision. This award-winning team has decades of experience in the gaming and technology industry.
Co-founder & CEO
“Why should coins get stuck in games I no longer want to play?” George founded Pocketful of Quarters to fix this problem for himself and his friends. George is also a seventh grader at Greenwich Country Day School. He is a regular speaker about cryptocurrencies and games, he has appeared in various publications, including Marketwatch, BusinessInsider, Sunrise TV, ICO Investor TV, Be Inspired, and The New York Post. He streams games on YouTube and Twitch as ThisKidCEO. LinkedIn - YouTube - Twitch - Instagram
Co-Founder & CTO
A tech investor (Rostrum Capital and Flatfooted, LLC) and a tech entrepreneur (EndlessTV and E-thePeople.org). Ph.D. in communications from Stanford University and an A.B. in Computer Science from Princeton University. LinkedIn - Github - Twitter
Chris is a gaming legend best known for designing the original Medal of Honor. Chris has designed and directed games that have been played by over 300M players and earned in excess of $6 billion in revenue. LinkedIn - Moby Credits
Devo is a 3x grammy award winner, for his work with Kanye West and John Legend. He has also collaborated with Britney Spears, Nas, Aretha Franklin, Common, and Barack Obama. Devo is founder & CEO of Adventr.tv, named one of the 100 Most Innovative Companies in the world. LinkedIn - Wikipedia - Medium
When you investing in this deal, you’re investing in Q2 tokens, not Quarters tokens.
Quarters (symbol:Q) are a token designed for game use only. They’re available for sale on PocketfulOfQuarters.com, can be earned as rewards for participating, and - by design - cannot be sold back for financial gain.
Players can use Quarters to play games within our ecosystem. Game developers compete to collect Quarters from game players. Players transfer Quarters to developers in order to play games. In turn, developers (but not players) exchange Quarters for Ether, based on a formula set in the smart contract.
Q2 (symbol: Q2) are revenue-sharing tokens, designed to attract the initial investment needed to jumpstart the Quarters ecosystem. Q2 tokens are royalty tokens that distribute the ETH dividends earned as Quarters are sold.
Q2 investors earn royalties on the sale of Quarters whenever Quarters are bought via the smart contract. When that happens:
Q2 holders will earn royalties from the sale of Quarters proportional to their ownership of the Q2 network.
Investors are offered to invest in POQ Issuer, LLC and receive a Token DPA — a debt instrument, payable by assets (Q2 Tokens).
Per the DPA Agreement:
Please consult the DPA Agreement for complete terms including timing, Republic’s and POQ Issuer’s commission, how funds are handled, what happens with the funds in case the Tokens never get distributed by POQ Issuer, LLC, etc.
This debt offering is suitable for sophisticated investors with knowledge of blockchain technology and the ability to assess its applications and their market potentials only.
POQ Issuer, LLC is conducting this debt offering, with principal plus 20% interest payable by Tokens (Q2) in lieu of cash, as per the terms of the DPA Agreement. Please carefully review the entire DPA for complete offering terms. POQ Issuer, LLC is a Delaware company and an affiliate of Pocketful of Quarters, Inc., a service company to help promote the adoption of the Quarters ecosystem.
Together, we can bring Quarters to games everywhere, and make games better for players.
Thank you for supporting my effort to make games better for me, my friends and players all around the world! — George Weiksner
The smallest investment amount that Quarters is accepting.
$100,000 – $1,070,000
Quarters needs to raise
before the deadline. The maximum amount Quarters is willing
to raise is $1.07M.
Quarters needs to reach their minimum funding goal before the deadline.
If they don’t, all investments will be refunded.
Token DPA (Late Stage with Escrow)
If the campaign is successful, you’ll receive a Token DPA for your investment.
The DPA is not equity or a token itself, but a loan that payable in tokens in
the future, with interest.
If the campaign is successful, you’ll receive a Token DPA for your investment. The DPA is not equity or a token itself, but a loan that payable in tokens in the future, with interest.
The amount of time Quarters has to pay out your investment in tokens.
If the DPA isn't repaid with tokens after that time, it will be payable in cash
The interest amount that will accumulate on your investment
if it’s paid back to you in cash.
The interest amount that will accumulate on
your investment if it’s paid back to you in tokens.
50% of net debt amount before 2 years
How much you can get back of your investment if you choose to cancel
the Token DPA before it’s paid back.
Generally, players don't directly purchase in-game assets. Instead, players buy packages of in-game coins (or gems, etc.) with USD, and then use these coins to make purchases.
Quarters replaces these in-game coins. Like in-game coins, players can buy Quarters with USD . Unlike traditional in-game coins, Quarters can be used within the original game as well as any other participating Quarters game.
We will acquire users in two ways. The first way is with a waiting list with tasks and rewards. The second way will with influencers. Influencers will play our games and their viewers will be intrigued by the games and want to learn more.
Two ways. First, reduced marketing costs, by accessing player who have already bought Quarters. Second, increased revenue, because we’ve removed friction for micropayments within your game by moving the paywall outside of your game.
We’ve got two great resources for you:
A white paper that walks through the math: https://downloads.pocketfulofquarters.com/POQ_Whitepaper_v3.0.pdf
To earn ETH. Approved developers can exchange Quarters for ETH.
ETH is valuable! Ethereum is a terrific cryptocurrency loved by developers and investors, and is easily traded on all major exchanges for fiat money like USD or for any cryptocurrency use.
To earn more money! Large developers can earn money when players use Quarters in games by small developers. When you go to the arcade to play Ms Pacman, you may drop a few credits in Missile Command on the way out. Missile Command only makes money because Ms Pacman got you to walk in and open your wallet. So Missile Command should and will subsidize Ms Pacman.
Being pro-player is pro-video game industry, period.
We’ve been accepted! We worked with Apple over this past summer, and developed a solution that lets you buy Quarters in the Apple App Store and Google Play Store and bring your Quarters from other games into your apps. We will release these games as part of our closed beta in 2019.
Stay tuned, TBA. We’re going to have some great games.
We need Quarters because you can't gamble or bet with USD which is fun and can be enabled with Quarters because you can't sell them for money. With Quarters, we only have *simulated* gambling. Why not use another gaming currency that already exist in the app store? The issue there is that you can only use them in that one game, while you can use Quarters in any game.
Yeah, me neither :) But my friends tell me they’ve experienced issues with wasted coins. For example, you have to buy 1,000 V-bucks and to buy a Fortnite skin that costs 800 V-bucks. If you bought Quarters instead, you would be able to spend those leftover coins in another game.
And even people who buy full games waste money from time to time…
A universal game token like Quarters can make games both *more fun* and waste *less time* from players.
Here's an academic paper that explains why:
The short answer is; No, the backlash against loot boxes won't affect Quarters. We are a player first built gaming token, the use of loot boxes is an issue we wish to fix via quarters. Quarters are the first coin available that allows you to take your unspent coins in games any game. Loot boxes are a monetization tactic used to confuse in order to build retention. It is a play for whales rather than the average player. Preying on those with addictive personalities and collective habits will not change. However, Quarters will free you from being bound to a single game because you have spent X amount of dollars. Quarters allows those dollars to move freely through the gaming ecosystem.
We will send you a message via Republic with a one-time promo code when we launch early 2019.
There are 15% of the royalties when a Quarter is bought goes to the Q2 contract were they are divided to the owners of Q2's evenly per Q2. You can pay out whenever you want but you are forced to pay out whenever you sell a Q2.
Absolutely! George is a visionary, backed by a great team. Judge for yourself on December 9, 2018 when he pitches on Meet the Drapers, as well as these great videos of George in action:
- Fireside chat at WyoHackathon:
- Live interview on Sunrise TV:
No, you get the right to have your DPA repaid in Q2 royalty tokens.
Quarters are a consumer product that you can be used to play games only. Q2 tokens are a security token that distributes royalties to investors. On Republic, anyone over 18 can invest as little as $25 in Q2 tokens.
You’ll need to set up a wallet. Happy to walk you through, and here are the instructions:
Happy to answer any questions you may have. Here are three resources that may help:
1. Pitch Deck: https://bit.ly/q2-deck
Yes! Here’s a 3 minute demo video that shows:
- how players can buy Quarters and play games, on IOS and on the web
- how developers can integrate Quarters and Earn ETH
- how everyone can track Quarter transactions on the blockchain
I want to educate myself in the world of financing and investing and that includes risks that can go right, and that can go wrong.Kamal LythcottInvested 1 day ago
I saw potential and an opportunity on this idea, the research says it all and with a team like this one Ive never felt more comfortable.Steve JuarezInvested 2 days ago
I've been following the Quarters story for some time and am very excited about what they're working on!Brett PeterselInvested 14 days ago
Times they are a-changing.Dawn SunshineInvested 27 days ago
I like the platform idea.Eric DanzInvested 28 days ago
Very interesting and it could be a game changer if done right. Perfect timing!Kole GojcajInvested about 1 month ago
I have kids n know what a diff this will make in the gaming marketplaceGantuya BrownInvested about 1 month ago
just because ideas are awesomeTakeshi KondoInvested about 1 month ago
I am investing in an area my son finds very interesting. This is for him. I hope that he gains from this investment.Shawn RamirezInvested about 1 month ago
I invested because gaming and playing games via Quarters makes perfect sense. Millions play games everyday for money fun and the thrill of just playing.Jones Dyson IIInvested about 2 months ago
gut feelingDominic D'AmatoInvested about 2 months ago
I believe in the potential of new technology in the gaming industryThomas ReberInvested about 2 months ago
I like the idea. My sons are gamers and they will appreciate dad jumping in.DENNIS PADGETTInvested 2 months ago
This is a really awesome idea!Tyler PykeInvested 2 months ago
Because i trust you.acelin simInvested 2 months ago
Gaming is always going to expand. Being the first crypto that can be exchanged between platforms, if done right, will be valuable in a few years. So long the games are replayable!Keia Ikekai HarrisInvested 2 months ago
I want to support this team. $30Tracy DeaganInvested 2 months ago
Video games aren't going anywhere.Jeremy RamseyInvested 2 months ago
I'm not a gamer but this startup idea makes perfect sense for those who are gamers.Chris KibbeInvested 3 months ago
Gaming will always be around and with having 1 wallet to access everything will make purchases and other transactions easier to work withHECTOR HERNANDEZInvested 3 months ago
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