Builderz FAQ's

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What is Builderz?

The Quickbooks of web3.

What does that mean?

In short - We provide easy-to-use Web3 and DAO finance tools to companies, employees, and freelancers globally. Setup recurring crypto salaries with a click, send invoices, get protected by your escrow account, and manage all your business bank-less on the blockchain.

Why are we launching Builderz?

Builderz was born out of our own frustrations and struggles that we had as a web3 business/NFT project. It was then clear that many other businesses were experiencing the same struggles.

We aim to make paying and managing your global web3 teams cost-effective, easy, and efficient. That’s why we built Builderz.

Who can use Builderz?

Builderz has been built specifically for web3 business, NFT projects and freelancers in the web3 space; but is available for anyone to use.

How does Builderz make money?

Builderz is a SaaS product. Access to Builderz tools are granted by subscribing for a monthly fee in $SOL or by holding one of our BLOCKZ NFT’s. Subscription prices are yet TBA. In addition to the $SOL subscriptions, Builderz will be offering additional SaaS products in the future only purchasable using $NOVAX.

What is the long-term goal for Builderz?

Our long-term goal is for Builderz to be supporting web3 founders and teams globally, and for Builderz to have built a sustainable eco-system, franchise, and incubator for innovative web3 start-ups.

What will happen to Cynova after Builderz launches?

Growth. Launching Builderz will give Cynova a consistent revenue stream that will provide additional resources for Cynova’s development, marketing and expanding the team. All of which will have a positive impact on the project, and for our holders.

Who is on the Builderz team?

The current Builderz team is the Cynova Team. Including myself, we have 15 team members covering development, operations, marketing, finance, art/design, community/discord etc.

This is only temporary until we secure the investment that we are currently raising. Following the investment, we will be building out the Builderz team.

Why is Builderz a separate business?

Builderz is its own brand / product, it will have its own team and we are raising investment specifically for that business. It will be part of The Cynova Group, just as a subsidiary. This means that investors will not own a share of every business / venture in the group, just the one they invest in. E.g., the investors of Builderz will have a % equity share in Builderz, but not in Cynova.

Why are we raising investment and how much?

All the Builderz development to-date has been self-funded by myself (which I obviously can’t do forever) so this investment will allow us to build out the Builderz team, fund our initial marketing plans and further develop our product.

We wanted to raise as little as possible on this first round, so the amount we are raising is very small in comparison to what many other tech start-ups raise. But I feel it makes sense to only raise what we absolutely need rather than just trying to raise as much as humanly possible.

We are raising £150,000 from Angel Investors and not a VC. We are aiming for 5 Angels that are willing to invest £30,000 each.

How long until the product is finished?

The Builderz platform MVP (minimum viable product) is due to be complete by the end of the week beginning 15th August 2022. Soon after this, anyone who is on the BLOCKZ whitelist will have the opportunity to be involved in the beta testing, ahead of the official launch.

Why are Cynova launching more NFT collections?

This is not a Cynova collection. Builderz was created by Cynova, but it is still its own separate brand, business and NFT collections. So, these are not the next Cynova Collections, they are the first Builderz collections.