Interview with ChromaWay COO Or Perelman - Part 1 - YouTube

Hello everybody, I’m Ginés Sánchez, I’m Operations and Strategy Manager of ChromaWay

and here I am with Or, Or Perelman, COO of ChromaWay

and we are going to talk a little

bit about some business parts of Chromapolis.

I’m going to start with the best,

the most repeated question from our audience:

When Lambo?

When are we going to the moon?

- Well, some minuses to that, we are really working on our technology, we are making sure that

every word in the White Paper will get done,

so we are working hard on our testnet,

on applications, on mainnet and literally every piece of the technology,

so hopefully we can go to the moon,

and we hope that it will be arriving soon.

- Alright.

Let’s talk about your background.

Who are you?

When did you start?

- So my name is Or.

As you previously said I’m one of the co-founders of ChromaWay and Chromapolis.

I started really early back in 2011 but before that

I used to work at Chemipal Ltd which is one

of the biggest pharma distribution companies in Israel today, in the marketing division.

I also finished an LLB Law in Norway,

a legal degree in Norway.

So in 2011 I discovered Bitcoin, I dropped everything to do that.

I co-founded an early wallet which was called Safebit which had a few thousand users back in the day.

Stefan Thomas, appointed recently as well was part of...Ripple CTO,

was part of our team, so we had a very good team then.

It was also a very user-friendly wallet so I think it was literally the first ever user-friendly

wallet before Coinbase and blockchain appeared.

In 2011 I discovered Coloredcoins.

I saw this cool video which is still online and I asked my colleague Manny who is the

head of... the chairman of the Bitcoin Association in Israel, hey, who is doing that stuff?

Then I spoke to Alex and Alex introduced me to Henrik and says then we are working together,

firstly on the Coloredcoins protocol.

We worked and led that project for two years and then it concentrated to a couple of companies,

one of the companies is us which is ChromaWay.

Since day one we had the vision of being an infrastructure for decentralized applications

in enterprise applications, so as I, as you can see,

most of my adult life has been in Bitcoin

because I had to do also three years of army as well between when I was 18 to 21,

so most of my my real life job was full time in Bitcoin, crypto in general.

So that’s a little bit about me.

- So what’s your role now in Chromapolis and in ChromaWay in general?

- I’m the COO, the Chief Operating Officer, making sure that everything is getting done,

on track, the whiteboard of stuff like every young startup should do and its funnels,

so I am helping a little bit of out of everything basically.

- So when did you really meet Alex and Henrik?

- I got to know them in 2012 from an introduction by Manuel Roselfeld, he introduced me to Alex which

introduced me to Henrik and since then we are working together.

- So let’s talk a bit about Chromapolis now.

So what’s the general idea behind Chromapolis?

- So the general idea behind Chromapolis is to combine basically relational databases that

exist in every kind of organization with blockchains.

So we saw a big gap in public chain development where you can not, you couldn’t do simple

database features, you couldn’t host any data on chain – basically whatever is being

done now is when you set up a decentralized application, it’s not really decentralized.

So Chromapolis is all about changing this stuff.

It’s providing a real tool to decentralized...

...native permissionless platform that you will

be able to develop a decentralized application in a very secured way.

- So then what would you say is the final goal of Chromapolis?

What do we want to achieve?

- Being the infrastructure of any kind of decentralized application.

- So what’s different?

You talk about a relational database but what’s the...

Is it the main difference here in Chromapolis or there is another big difference on this aspect?

- Well, the way that I see it, a couple of big differences between other platforms.

Many other platforms you can’t host any... any complex logic on chain.

You cannot simply do that because on any other kind of platform you just issue a token basically

and the other stuff sits on a database or they catch the data to IPFS or whatever it is,

so that certainly doesn’t exist.

So we are offering a new way to host data applications in a decentralized way and in

a secured way and I think that will empower the will to decentralize applications as they

should be, because for example today’s situation is when you actually build a decentralized

application and once the server goes down, it’s still controlled by the same company.

And once the server goes down then the asset can go down as well with the server and then

you are only left with a useless basically token which is useless, like besides trading that.

So it’s not really immutable.

In order for that to be really immutable in decentralizing for the asset itself, for the FTR,

whatever it is, the whole server also, the logic of that should be on chain.

The other key aspects of what we are doing basically is that you can have the ability

to index data, automatically you can query data, automatically

and it can be done, everything on chain.

You don’t need any kind of tools like the graph that...

another coin, you need to learn another language,

you need to learn two languages which is Solidity, the graph, and somehow use it with the GraphCoin or

whatever it is.

Here it’s done automatically on the leger and you don’t need anything to do that,

and it’s very efficient to the developer that wants to develop a decentralized application.

We have a very specified language as well which is rather unique because it’s similar

to SQL but it’s not, it’s ten times better.

It’s based on rational programming and any kind of developer can pick it up because it’s

very, very simple.

Even I could understand the code and I am not a developer.

Besides that we have other features, for example like the end user doesn’t have to pay the

fees, only the dApp developer for the application as a whole which is not the same as Ethereum.

For example in their chain you have to pay a transaction, basically a gap fee.

We use a mechanism that is called side chain, the main chain and each side chain has its

own kind of application, rather than 1,000 applications for one side chain or one mainnet.

- So you talked about fees, that the users don’t need to pay fees.

What does it mean?

What’s the level of freedom that you could have when building a decentralized application

on Chromapolis that’s different between Ethereum where you have to pay for every single

transaction?

What’s the difference here?

- It’s up to the developer to decide the amount of fees he wants to pay.

- But I mean, I mean the level of freedom that a developer has or developers will have,

I mean...

- It can customize its own fees.

- Exactly, so this is not possible with any other platform so far, right?

- Correct.

- So a developer could have or will be able to run a freemium game, right?

- Correct.

- And what’s the target market for Chromapolis?

Who are we talking?

- It’s a generic dApp platform.

It’s a very general purpose, purposed, but our target market is games because we think

we can easily come to market with games.

For example a game can be tested very, very fast it’s a hit or not.

When you have for example a trade finance application or a list application, you still have to go

over those A cycles.

With games you go directly to the end users and you can know if it’s a good game or

not in a very, very easy way, so therefore you won’t need those long sales cycles and

you can actually prove with the game because it’s a very complex thing to do on the blockchain.

You can actually prove that that’s how a platform can work and that’s how a platform

works better.

- Why do we need the tokens?

Why do we need Chroma tokens running on Chromapolis?

- Well, for a couple of reasons.

As a hosting fee similar to its style, but again it’s different than what it is because

only the developer needs to pay the fee;

and for stacking reasons.

- And Chroma tokens are ERC20 tokens or not?

- So Chroma tokens are...

Yes, they are ERC20 tokens but packed to a native token.

- So then it’s a native token with a gate to...

- Correct.

- to an ERC20 token.

- Yeah.

It’s a Chroma token with a gate to an ERC20 token.

- And is it...

There is a fixed number of tokens or there is some kind of inflation?

- No, there is no inflation.

There is only a fixed amount of tokens of 1 billion tokens.

- 1 billion tokens, okay.

- So where is Chromapolis registered?

- So Chromapolis is registered in Estonia.

Chromapolis Devcenter Oü, which is a fully subsidized company by ChromaWay AB.

- And did Chromapolis have a KYC for raising the funds?

- Of course.

We used a KYC application which is called Verif and we didn’t store any documents as well.

- And who were the auditors of the whole process?

- PWC were the auditors of our process.

- What was the price of the token for...?

- The base price was $0.10 and the discounted price was $0.07-0.075

- And do the investors have like a resting period?

- Yes, of course.

They have a resting period.

40% is getting unlocked on the first day.

Then it’s getting unlocked on a monthly basis up until to six months.

- When is Chromapolis going to be listed in exchanges?

- When mainnet will be released.

- So after mainnet?

- Correct.

- Could we say.

So thank you very much Or for your time.

I hope you enjoyed discussing this Chromapolis stuff here with me.

- My pleasure. I did.