iReekt aims to disrupt the cryptocurrency exchange market by addressing high fees, lack of trust, and technical instability. The deck proposes a multi-faceted ecosystem including a high-capacity HFT platform, virtual PoS for businesses, and flat-rate subscription models for advanced traders. While the vision is expansive, covering a three-stage global rollout from Europe to Africa and Asia, the financial projections are highly speculative. The deck forecasts scaling from 50,000 to 10 million users in five years, resulting in over 700 million Euros in net earnings, yet it conspicuously labels…
Key takeaways
- The company identifies four core market problems: lack of R&D, scarce platform capabilities, high fees, and insufficient trust (Slide 2).
- iReekt proposes a 'State of the art' platform capable of maintaining High-Frequency Trading (HFT) systems (Slide 2).
- The product ecosystem includes a virtual Point of Sale (PoS) allowing customers to pay businesses directly from their iReekt wallets (Slide 3).
- A subscription-based 'flat rate' model is offered for high-volume traders, with tiers at $3,000/month, $15,000/6-months, and $25,000/year (Slide 4).
- The Go-To-Market plan is divided into three stages, starting with a 2-year beta in Europe before expanding to the Americas and eventually Africa and Asia (Slide 5).
- Market size is estimated at 150 million cryptousers worldwide, citing Blockchain.com growth data through Q3 2019 (Slide 6).
- Financial projections assume a fixed 100 USD spend in fees per client to reach 1 billion Euros in net sales by Year 5 (Slide 7).
- Critical expense categories including Human Resources and R&D are listed as 'N/D' across all five years of projections (Slide 7).
Executive Summary: A High-Stakes Vision with Incomplete Math
iReekt presents a pitch for a comprehensive cryptocurrency ecosystem centered on a high-capacity exchange. The deck attempts to position the company as a professional alternative to 'hype-driven' competitors by focusing on R&D and lower fees. However, the name choice—which phonetically mirrors the crypto slang 'rekt' (meaning to suffer heavy financial loss)—and the omission of key operational costs in the financial projections present significant challenges for a serious fundraising effort.
Slide 1: Title Slide
The deck opens with a minimalist title slide featuring the iReekt logo. The branding uses a clean, sans-serif font in shades of grey and blue. There is no tagline, industry categorization, or founder contact information present on this slide. The visual style is corporate but lacks a specific value proposition statement.
Slide 2: The Problem and The Solution
This slide uses a split-screen layout to contrast market failures with iReekt's intended fixes. The Problem section identifies four pillars: Lack of R&D, scarce platform capabilities (specifically the tendency for servers to crash during high saturation), high fees compared to Forex/Stock markets, and 'obscure' company policies that create mistrust. The Solution section mirrors these, promising 'Greater Research & Development,' a 'State of the art - high capacity platform' capable of High-Frequency Trading (HFT) , reduced costs, and 'Trustworthiness' through transparent corporate policy. A footer note claims competitors 'just try to take advantage of the hype created on anything related to crypto and blockchain.'
Slide 3: Virtual Point of Sales for Businesses
Slide 3 introduces a secondary product feature: a Virtual PoS . The slide uses a flow diagram to show a smartphone connecting to various retail icons (food trucks, shopping carts, storefronts). The text explains that customers can use funds in their iReekt wallets to pay businesses. The system is described as being 'connected to our Exchange platform when a transaction is made,' suggesting an integrated liquidity and payment gateway.
Slide 4: Subscription Models for Advanced Traders
To address the 'high fees' problem mentioned earlier, iReekt proposes a Flat rate service for high volume traders . A line graph compares a 'Without plan example' (which scales costs linearly with volume) against three fixed-price tiers:
$3,000 / 1 Month plan · $15,000 / 6 months plan · $25,000 / year plan
The slide claims these plans offer 'Savings of up to 50% in fees' and better performance for automatic trading systems due to spread reduction.
Slide 5: Go-To-Market Plan
The expansion strategy is mapped out globally across three stages:
Stage 1 (Orange): A beta version in Europe for at least 2 years to gain traction and test vPoS and trading tools. · Stage 2 (Blue): Expansion to North America, South America, Japan, and Australia over 3 years, focusing on financial regulations and third-party relationships. · Stage 3 (Yellow): Expansion into Africa, Russia, India, China, and Southeast Asia. The slide notes this could be the 'hardest stage because of the fragile situation of these countries' but emphasizes using vPoS and prepaid cards to 'impulse their local economies.'
Slide 6: Total Growth of Bitcoin Users Chart
This slide provides market validation using third-party data. It features a chart of Blockchain.com unique users from Q3 2016 to Q3 2019. The graph shows a steady climb from approximately 10 million to over 40 million users. The text estimates the total number of crypto users worldwide is 'now close to 150.000.000' and asserts that customers are demanding higher quality products.
Slide 7: Financial Projection (Optimistic Scenario)
The financial slide presents a 5-year Profit and Loss statement. The growth targets are aggressive:
Year 1: 50,000 clients, 5,000,000.00€ Net sales, 3,486,078.00€ Net Earnings. · Year 5: 10,000,000 clients, 1,000,000,000.00€ Net sales, 723,632,737.00€ Net Earnings.
The revenue is calculated based on a '100USD client spent in fees.' However, the Expenses section contains a major red flag: both Human Resources and R&D are marked as 'N/D' (Not Defined) for all five years. The only listed expenses are Advertising (10% of revenue), Offline Servers, and AWS Services (projected to grow 250% per year).
Slide 8: Visual Asset
The final slide in the provided sequence is a background graphic featuring translucent 3D cubes with digital code overlays. It contains no text or data and appears to be a transition or closing slide.
What iReekt Does Well
The deck identifies a legitimate pain point in the 2019-era crypto market: exchange stability. By explicitly mentioning the failure of existing platforms to handle 'mid-levels of user saturation' and the need for HFT-capable infrastructure, iReekt speaks to the frustrations of professional traders. The inclusion of a subscription model (Slide 4) is a sophisticated approach to revenue that differentiates them from the standard 'percentage-per-trade' model used by most exchanges.
What is Missing from the Deck
The omissions in this deck are significant and would likely prevent a successful seed or Series A round:
The Team: There is no mention of who is building this. For a platform claiming 'State of the art' HFT capabilities, the engineering pedigree is the most important factor. · The Ask: The deck does not state how much money is being raised or how that capital will be allocated. · Realistic Expenses: Listing Human Resources as 'N/D' while projecting 723 million Euros in profit is a disqualifying error. A platform serving 10 million users requires massive investments in compliance, support, and engineering. · Regulatory Strategy: While Stage 2 mentions 'regulations we need to fulfill,' there is no detail on which licenses (VASP, EMI, etc.) are required or currently held.
Founder's Guide: What to Copy and What to Avoid
Copy the clear problem-solution mapping: Slide 2 is a strong example of how to align specific market failures with specific product features. It makes the value proposition easy to digest at a glance. The use of a subscription comparison chart (Slide 4) is also a good way to visualize a 'pro' pricing strategy.
Avoid the 'N/D' trap in financials: Never present a financial slide with 'Not Defined' for your two largest cost centers (People and Product). It suggests the founders have not thought through the operational reality of scaling a business. Furthermore, be extremely cautious with naming. In the cryptocurrency space, 'Rekt' is a term for total financial failure; naming a platform 'iReekt' creates an immediate, negative psychological association for the target audience.
Frequently asked questions
- What is the primary product offered by iReekt?
- Based on Slide 2 and Slide 3, iReekt is a cryptocurrency exchange platform designed for high-frequency trading (HFT). It also includes a virtual Point of Sale (vPoS) system that allows businesses to accept payments directly from user wallets, effectively bridging the gap between trading and retail commerce.
- How does iReekt plan to generate revenue?
- The deck outlines two primary revenue streams. Slide 4 details a flat-rate subscription model for advanced traders, ranging from $3,000 to $25,000. Slide 7 indicates a broader revenue model based on transaction fees, projecting an average income of 100 USD per client annually.
- What is the geographic expansion strategy?
- Slide 5 describes a three-stage rollout. Stage 1 focuses on a 2-year beta in Europe. Stage 2 expands to North and South America, Japan, and Australia over 3 years. Stage 3 targets Africa, Russia, India, China, and Southeast Asia, specifically noting the use of vPoS to 'impulse their local economies.'
- Are the financial projections realistic?
- The projections on Slide 7 are labeled as an 'Optimistic scenario.' They forecast net earnings growing from 3.4 million Euros in Year 1 to 723.6 million Euros in Year 5. However, the validity is questionable as they omit costs for 'Human Resources' and 'R&D,' which are essential for a high-tech trading platform.
- What information is missing from the iReekt pitch deck?
- The provided slides omit several critical fundraising elements: there is no team slide showing founder expertise, no 'Ask' slide detailing how much capital is being raised, and no mention of current traction or existing partnerships. Furthermore, technical specifications for the HFT platform are not provided.
