What is PreSend? Best tool to protect my crypto? Today we are joined by Drew Wolfer to discuss PreSend in 2023! SLAP THE LIKE BUTTON! 👋
🔴 Check out PreSend:
🟢 Follow PreSend:
🔵 Subscribe to Drew:
PreSend is a channel sponsor. A payment was paid in USDT for an interview on the channel.
🔴
🟠
🟣
Follow us on Twitter:
https://twitter.com/AltcoinDailyio
Follow me [Austin] on Instagram here:
https://www.instagram.com/theaustinarnold/
TimeStamps:
00:00 Intro
00:40 Who is Drew Wolfer?
02:16 What is PreSend?
03:55 A Cautionary Tale
05:09 PreSend Tutorial
12:42 Business Model
16:05 SEC Regulated
18:47 Roadmap 2023
22:39 Final Thoughts
***********************************************************************
🏺Support The Channel!!🏺(We Get A Kickback From These Affiliate Links)
— Buy Bitcoin on Coinbase and we both receive $10 in Bitcoin!
https://www.coinbase.com/join/arnold_w23
— Get a Nano Ledger S: Best Way to Keep your Cryptocurrency Safe!
https://www.ledger.com/?r=29fd4d75e9bc
***********************************************************************
#Bitcoin #Cryptocurrency #News #Ethereum #Invest #Metaverse #Crypto #Cardano #Binance #Chainlink #Polygon #Altcoin #Altcoins #DeFi
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, cryptocurrency, crypto, altcoins, altcoin daily, blockchain, best investment, top altcoins, altcoin, ethereum, best altcoin buys, bitcoin crash, xrp, cardano, chainlink, 2023, ripple, buy bitcoin, buy ethereum, elon musk, bitboy, coin bureau, graham stephan, crypto market, bitcoin prediction, the fed, Web3, andrei jikh, cnbc crypto, sbf, ftx, bitcoin crash, crypto podcast, bitcoin price, Crypto News Today, cnbc, sbf, meet kevin, presend, protect crypto, best crypto tool, drew wolfer,
Hope and you know I pray that this is Going to be a worldwide solution that Becomes the new Norm because if we ever Want to hit a 250 000 Bitcoin how do we Get there institutional money and new Money coming in so that's why present Matters today I interview co-founder of Present Drew wolfer and we discuss how Present is one of the number one tools You can use to Never Lose Your crypto Again I asked Drew to show me a demo of How this exactly works we talk about how It's non-custodial also the company is SEC regulated we go into the road map by The way thank you present for sponsoring Today's video but before all that Drew What's your background yeah so I'm Basically an entrepreneur by choice Um I tried you know I went to college I Did the typical American thing they Always tell you to do Um hey get good grades go to college get A scholarship play a sport and you know Go get a corporate job blah blah blah Did that Um for about a year after I got out of College college and then I had an end Game in mind I said I'm going to because I come from nothing and so I was like I'm gonna save up some money so I can Start up my own business so that's what I did went to Corporate America started My own business did a little bit of Import export did some wholesale uh ran
A Distribution Company and then Everybody in this space it seems like Has done a little bit of e-commerce have Either here or there so I did a little Bit of e-commerce and then I started up Wolfer Finance which was a master and Validator noted company where we host With our own Capital uh Masters and Validator nodes for flux ethereum avax FTM we have a little bit of other Investments we did a private Equity Investment in the company that we're Actually talking about today which is Present and that's how freesyn kind of Came about through the success of wolfer Finance they you know my co-founder Larry came to me and was like hey can You help me with this and I said you Know as long as we can file a patent on It absolutely and you know we have we Filed a full patent on it and it's Off To the Races man so now I'm just you Know I'm a family man I've got a wife I've got a kid I'm a regular guy I don't Put myself above anybody else and I just Try to work harder than everybody Um so that I can be the most prepared Person in the room and eventually win at The game of life right And for those people that haven't heard About pre-send I just want to clue Everybody in what's present So Precinct is a Wallet transaction Security software it's not a wallet in
And of itself it's actually a software That can be compatible with your wallet And we'll run through a tutorial on this And everything so everybody will have The full picture by the end of this Luckily but basically what we do is we Stop the cross chain transactions that Cryptocurrency interoperability and like Intercompatibility black hole or what a Lot of people call it ether we stop that From happening so if you send usdc from A polygon wallet on polygon chain to an Ethereum wallet on ethereum chain you Potentially just lost all of your money Because those contract those wall or Those um blockchains aren't necessarily Compatible with each other even though They have the same tokens on different Blockchains they have different Social Security numbers so similar to you and Your brother right you guys look exactly The same but you have different Social Security numbers so that's ethereum and That's polygon right so if you send your Usdc from an ethereum address to a Polygon address it's not going to be Compatible yeah I want the audience down Below which one's a theory and which One's polygon myself or Aaron but Like I've made this mistake especially In the early days I've made the mistake Of oh I actually sent maybe something For my metamask wallet to an exchange And then I lost it luckily it wasn't a
Huge amount it was it was the mistakes You make along the way but this Essentially would be like training Wheels for the crypto user is that is That a fair way to explain it very fair That is a fair assessment and actually I Have a a even more potentially woeful Story that could have happened it did Not happen luckily think Thanks everyone that it didn't happen Right but I was going to buy a Gala node And it was about seventy thousand Dollars at the time and I was like okay I brought all my money into coinbase and I was like this is I like this is like Year and year and a half two years ago Right and I was like okay what's the Fastest way I can get it out of here and I was like I don't want to send Bitcoin I don't want to send ethereum Um and I was like okay I'll send it on I'll send polygon right on polygon Matic So I off-board a little bit of polygon Because I had to send it to an exchange That that actually supported buying of Gala tokens which was kucoin and I sent It and it never showed up and I was like What's going on and then I realized this Is before they started kind of Recognizing those things but then I Realized wow I sent it to a polygon Wallet but I was sitting on ethereum Chain because that's back when uh Coinbase only had a compatibility with
Paul Matic on ethereum's chain so I Almost lost if I wouldn't done a test Transaction which is really inefficient In my opinion we shouldn't even have to Do test transactions Nobody Does that With bank wires right Um if I wouldn't have sent a test Transaction I would have lost seventy Thousand dollars I wouldn't have a Gallon node Dude show me how this works because it's One thing to kind of give the Description I want to see it in action Cool yeah let's do it man I'm gonna Share my screen uh we'll get some People Pumped up so there's two ways that this Is gonna work I'm only going to show Um one of them I'll show them both but I'm only going to show one of them Because I don't want to tease everybody Everybody will get mad at me if I do it Via the extension uh so there is an Extension that will be coming out okay And I have to obviously approve the Extension I'm going to cancel it Um but there's an extension and then There's a web app because not everybody Is going to be compatible with an Extension right the extension is Compatible with metamask all and uh It'll be on Brave browser Opera Chrome Believe Microsoft Edge and Mozilla Firefox so those are the five extensions That we're submitting to those stores
Until then everybody please use the web App it is app.present.io it's a very Simple all you have to do is go down Here acknowledge the terms of service Obviously read the terms of service no One reads their apple terms of service Or anything nobody reads it but you can Click here and read it um I've already Read it and I'm going to go ahead and Connect my wallet now you can connect Your wallet via wallet connect and these Are all of the options like there's like Dozens and dozens of options you can Scroll through here you can see we have Opera we have you know Um Exodus kucoin wallet we have coinbase Wallet we have Ledger metamask Trustwallet all the major wallets this Thing is compatible with so I'm going to Connect my metamask and we're going to Go ahead and click this wallet Drew's Wallet and connect it boom so we are Connected to binance Smart chain right Now and I'm going to run you through Just like a quick little tutorial of What present looks like so you can have It in light mode or you can have it in Dark mode I have light eyes so I always Use dark mode because you know light Eyes are very sensitive to light Um yeah so I'm going to use dark mode if You want to change your blockchains very Simple you cannot mess this stuff up it Literally lights up green which one you
Want to change it to so we're just going To change to ethereum and then we'll Come back to binance Smart chain here Just a second this is non-custodial I Want that to be 100 clear this is Non-custodial we do not take any custody Of your funds your funds stay in your Wallet we are not a wallet and we will Never take custody of your funds we have No ambition to ever do that we want to Be subpotico with the wallets and not Compete with him right so then Secondarily if you want to choose an Asset that you want to send it will pop Up with this little kind of like Shadow Behind it it'll like light up and almost Pop out of the screen at you so you can Just click that button and then you can Also change your Um asset inside of here whichever asset That it is that you're wanting to do and Again the green gradient pops up and It's a very tutorialized Um I guess transaction process without Having to put a tutorial in there and if You try to present something and you Haven't filled this out properly it'll Tell you it'll pop up an error that says Hey make sure you do this before you do Anything right so we'll we'll just fill It out 0.1 something like that Um and then you will have to the only This is the only extra step for present So a lot of people are like hey you know
What's the steps look like it's the same As you would do inside of any wallet any Metamask the only difference is that if You are sending to a centralized Exchange you either click yes and if you Click no then it'll pop up the other Wallet so if you click yes I'm sending To a centralized exchange you can pick Whatever centralized exchange that you Are sending to inside of here and again The green gradient will allow you to see Which ones are in there and which ones You're choosing and then if you select No then you know it reverts and says Obviously you're sending to some type of Wallet right are you sending the Ledger Are you sending to Opera trust wallet Metamask coinbasecrypto.com Um and these are the compatibilities That we we have right now obviously There's going to be a million more Compatibilities coming and we're going To switch over to binance Smart chain And prove to you why pre-send matters We're going to try and send some binance Really quick to coinbase and so coinbase Does not accept binance coin and we can Prove that because we'll go in here and We'll just type in B and B and it Doesn't accept it right and so we're Just going to get a random Xerox wallet Address because this is the problem that We run into all Xerox wallet assets Can be accepted by any zero X address so
People can fat finger things and you Know I can actually send some BNB to This wallet if I don't use present so if We go into present and we actually go to Sin we'll just try to send like 0.4 BNB To my coinbase wallet I'll click yes I'll click coinbase I'm sending to Coinbase exchange pop that address right In there we press pre-send then it'll Charge you a fee now the present fee is Very minimal it's a guaranteed one Dollar on the fee or if you go above 500 Worth of cryptocurrency it will charge You two tenths two tenths of one percent So if you send a thousand dollars it'll Cost you two bucks right so right now It's just checking and making sure it's Running the transactions and as you can See it popped up and said hey that Transaction is not safe so had I done That in any other wallet it would have Let me do that and we're actually going To do it just to prove it to everyone We're gonna send some B and B to that Exact same wallet now I'm not going to Send a lot because we know we're going To lose this so we'll send like 0.01 B And B but if I click next inside of my Metamask and I click confirm it's Already gone through it's pending it's On blockchain you can actually view it On the Block Explorer and then this page Is actually going to lie to me here in Just a second if I refresh this it tells
Me that my transaction was a success Absolutely it was a success it did get Sent but it will never get credited to My coinbase account because they don't Accept this asset and that is the Inherent issue that we're seeing happen In this market is due to all of these Chains not being compatible with each Other you know I can do this with Literally any one of these tokens we Could literally try to send uni swap Baby Doge a lot of people are trying to Send these altcoins sapu whatever it may Be to these incompatible chain addresses And and then they lose all of their Money so that's why present matters Because you literally saw precin stop it And then you literally saw me go and Show you actually losing three dollars Live on this you know telecast why Present matters So essentially a person that would you Would automatically if they wanted to Use this uh software you would just Automatically every time you want to Send a transaction go immediately to the Present extension or whatever the Website Um and then then it would make that Transfer for you through whatever you Click Yeah absolutely so whenever we were Going through all of those steps right Basically what happened was we entered
All of our information and then we Clicked free send right the pre-send Button and so we had to choose if we Were sending to a centralized exchange Or what wallet we were sending it to now The wallet that is connected to that is The one that owns and houses all the Assets so it pops up the transaction we Cannot actually do the transaction for You you will have to approve it inside Of your wallet just like if you were on A decks you know you have to prove it Inside of your wallet to make a token Transfer same thing here again we don't Want to take uh custody of anyone's Funds we want people to be self-custody And be safe The fact that it's non-custodial I mean To me it makes me that more excited About it Um yeah very very Innovative and you Kind of touched on this but for you What's the business model it's just that Fraction of fraction of a percentage as A fee for the safety essentially Yeah absolutely so the only reason uh That we're doing the one dollar Guaranteed is because we already know That people want to send test Transactions we're trying to stop that From ever having to be a thing ever Again so if somebody wants to send a ten Thousand dollar transaction right they Might send a one dollar test transaction
Before that and they might use pre-syn For that one dollar test transaction now It took us like six eight months of Arduous grueling development and labor Countless hundreds of thousands of Dollars obviously time is money you know So It took us a very long time to develop This and it would be very unfair of us Uh to to not be compensated and our devs Not be able to be paid just because you Know people are like oh I'll just use Precin for the one dollar transaction And that would make us like half of a Penny so that's why we're guaranteeing The one dollar but other than that after You get above five hundred dollars Um and we're also trying to save people Time and I see this as more of an Enterprise grade solution so we want to See metamask put this into metamask Where you know you go into metamask and You go to send your transaction and it Pops up a little thing and it says if You want to protect that transaction Before you even send it and if you click Yes I'm gonna send you through the Present process which is just one extra Step and if you click no okay you're on Your own right and same thing with Coinbase same thing with Opera Brave all The trust wallets and ledgers of the World those are the ones that we're Trying to get our software into the I
Guess software of theirs right we want We have an SDK which is called a Software development kit where we can Plug our present software directly into Their software and then all they will Have to do is just say hey do you want To protect this transaction and they can Charge or they cannot charge you know That if they don't want to charge they Can pay a licensing fee and if they do Want to charge then you know they can Have a revenue share so I hope and you Know I pray that this is going to be a Worldwide solution that becomes the new Norm inside of this ecosystem because if We ever want to hit a 250 000 Bitcoin How do we get there institutional money And new money coming in it's not going To be from the people that are already Here because if it was then we'd already Be there right so we need to bring in New users how can I tell my mom hey Invest your 500 000 401K into crypto but She could just accidentally lose it like This I would never tell her to do that I Would feel horrible if I was the reason Why she lost some of her 401k and how Could we expect BlackRock to come in That has trillions of dollars under Management that has the ability to Increase the market cap and the size and Bring in new capital to the Cryptocurrency markets and push us to a 250 000 Bitcoin how could we expect them
To do that and take the chance of oops I Accidentally sent my usdc to the wrong On the wrong chain and we just lost a Billion dollars So that's what we're hoping for man Definitely and from an Institutional Grade level I can see something like This being very very much uh welcomed Especially for those new people You guys are SEC regulated and I'm a Total Noob when it comes to that stuff So I understand oh if you had a token Then oh you it would be a security token Regulated but what does SEC regulated Mean for a software Yeah so for us we funded our company Through uh we're funding it through a Crowdfunding offering right so that's Essentially in order for us to raise Funds we sell shares in the company Right that's what a lot of companies do But instead of us raising all of this Capital through venture capital or from Private Equity right what we decided to Do was pass that down to the retail Investors that have not ever had the Ability nor the opportunity or chance to Invest in a what we would consider Potentially Silicon Valley like unicorn Software startup right I've never had The ability to invest in that because I Don't own a hedge fund I don't own a Private Equity Firm until now until well For finance but even wolfer isn't going
To have the ability to invest early in Snapchat or something like that but now We're allowing retail investors to do That through a crowdfunding opportunity Which is regulated by the SEC and it's a Regulated offering brought on acomonas Platform form which acrimony is spelled A-k-e-m-o-n-a and they're basically a Digital security token and we're going To be wolfer's doing it too so not only Is prison doing it but wolfer's doing it As well and the shareholders are going To be tokenized Securities so instead of Having your shares in your TD Ameritrade Account you will have them in your Cryptocurrency wallet on polygon Blockchain and only people that are Kyc'd and only people that have passed Anti-money laundering and all those Checks can actually own these tokens and Then it gives us the legal ability to Distribute out dividends to all of our Shareholders and this is an offering That we're bringing to Market I believe Within the next three to four weeks Where we're offering it for both wolfer Finance and for Precinct At a retail level and I just I was like You know why why go to somebody and ask Them for 10 million dollars and then They come in and they want to run the Company essentially and now everything That they say goes when we could give The power we could keep the power to run
The company the way that we want to run It first off and second off give the Power to the people that have not ever Had the opportunity to invest in Something like this and they can invest In like as little as five hundred Dollars that's pretty cool I think it's Truly revolutionary and I don't really See we're like one of the only two and We're two of them but we're one of the Only companies that actually have Tokenized security which is wild man So I'm really excited about that too Definitely and so that's on the roadmap What other stuff we mentioned some of The other stuff what else is on the road Map that my audience can look forward to So what's what else is on the roadmap is We're going to take over the the game in Terms of exchanges so right now I'll We'll start with with the chains right Right now we have taken over the evm Market it's compatibility it makes the Most sense because evm is where we see All this happening and if anybody that's Watching does not know what evm means it Simply means ethereum virtual machine so Think anything that's built on ethereum Polygon Avalanche binance smart chain Um even Pro uh crypto.com's chain their Very first chain with the crow token Um so we have five chains that are Compatible with that FTM polygon Um avax binance smart chain and ethereum
So now what we want to do is go off and Start with the other chains the cardanos The solanas the Bitcoins because you can Lose Bitcoin too because of segwit there Was a main chain the Legacy chain and Then their Segway I actually lost Bitcoin doing that I sent from a segwit Wallet to a Main and I sent it on the Legacy chain and I lost my Bitcoin it Was only like 20 bucks but I did lose it And I wasn't happy about it right so we Want to start getting all these other Non-evm chains and have compatibility With those and then obviously build out A more robust ecosystem for the evm Chains but I think we have the five Major ones as it sits right now we also Have compatibility sending into pretty Much all of the well I'd say five of the Top 10 centralized exchanges so we have Coinbase binance.com binance.us we know They just came under Fire this was Developed before then there's nothing we Can do about that and then kucoin and Crypto.com now we're also bringing in Kraken so that should actually be out by The end of this week and then we'll Start taking Um and putting compatibility of all the Rest of those centralized exchanges in Pretty much ASAP so we want to be Compatible with like the top 10 and Eventually the top 20 because that's Where most people are onboarding and
Off-boarding all of their Capital now we Do have compatibility sending into and Connecting to uh pretty much every major Wallet if you think about it we have Brave browser we have Opera we have Crypto.com wallet we have coinbase Wallet we have metamask Ledger and uh Trust wallet we're working on trezor Right now running into a little bit of An issue with them uh with their API and We just want to keep taking over all the Large wallets you know we'll be able to Get the ether my ether wallets and stuff Like that of the world and kind of just Get you know 10 to 20 of the top wallets I'd like to get Zell core as well that Would be awesome Um and then that's pretty much where We're at in terms of development and What we're also trying to do now because We want to deliver for not only for Ourselves but for our investors and Potential investors is we want to go out And get Enterprise grade Partnerships Right so we want you to be able to use Pre-send whether it says present or Whether it's white labeled inside of Coinbase and say say hey I'm bringing my Money out of coinbase let me run that Check just for an extra insurance right And make sure and so that's where we're Kind of trying to make those talks and Make those connections and have some Interactions with those larger
Institutions and we have a pretty good Connection at Brave Ledger Kraken so That's where once we have all these Um I guess all of these extensions Approved that's where we go to these Guys and say hey we're compatible with All of you our software is here would You like to implement via the SDK so That's It's a lot of stuff but I think they got It yeah yo that's awesome and again for The audience link Down Below in general Check it out let us know Down Below in The comments if you like it what you Think about it Um just final thoughts Drew for the Altcoin daily audience Man I'm just honestly humble Appreciation seriously for just anybody That's listened obviously up until this Point we appreciate you we love you all Um if you're now part of the precin Family we welcome you if you're now part Of the wolf pack we welcome you too Um we appreciate everybody and just Seriously awesome thank you so much for Having me on I I can't even express how Much it means to me and you know it's It's truly humbling