ZEN is an app that lets teenage fans of pop culture share short videos and chat with their peers, but it's also much more... it's a new type of social media business that empowers users instead of exploiting them- it enables them to build community the way they want and to earn a powerful new form of digital money, our new ZENCoin cryptocurrency, just by doing what they love.
By sharing great videos and building an audience on ZEN our users can attract the billions of dollars spent every year on social media ads and influencer marketing... making ZEN a phenomenal business opportunity for our shareholders and ZENCoin stakeholders.
Our team includes our founder and CEO who lead the development of products used by millions of people a day at Zynga as well as advisors who have helped execute top ICOs and contributed as thought leaders to publications like the Huffington Post.
"ZEN is future-proofed, forward-thinking, and fast-tracking to funding success."
- Entrepreneur Magazine Online
Join us in building the future of social media!
Convertible Note and SAFT | Minimum $100 Investment
You will have the option to convert your note into Preferred Stock or ZENCoins.
This campaign is the first critical step on our journey to the ZENCoin Initial Coin Offering (ICO), or token distribution event. When you invest today you will have the option to convert your stake into future ZENCoins at deep discounts. Not only is this a rare opportunity to invest in a promising social media startup, but you also get an easy path to owning an important new cryptocurrency- and at discounts not typically offered to regular investors.
Conversion Trigger: $2,000,000 Qualified Equity Financing
Maturity Date: November 1, 2020
$10,000,000 valuation cap
1% yearly interest rate
20% Discount
Note may convert at the option of the holder upon a network launch and initial token sale (ICO).
ICO purchase price x (1-minus the discount below):
*Please see Offering Document for entire set of Terms
You might be surprised to learn that there is a large and unruly market operating in the shadows of platforms like Instagram and Snapchat. It's here that all types of social influencers grow their audiences and make money by doing business with each other, also known as a peer-to-peer marketplace. The common types of transactions include:
In addition, with no help from the platforms, they sell sponsored posts to third-party advertisers who want to get their message delivered to audiences in a more authentic way. These sponsored posts are already a $1 Billion industry and are an important driver of the shadow market.
The platforms have been able to ignore this phenomenon while exploiting the content and engagement it produces to generate enormous revenues for themselves. However, the tide is turning. Vine was once the most popular video sharing app on the planet but was abandoned by its top influencers after their request to share in the revenue was rejected- forcing it to eventually shut down.
The informal shadow market is large and dynamic out of necessity, but has three major problems:
1. It’s very difficult for buyers and sellers to find each other
2. No one knows the fair price for anything
3. Trust is a major issue because fraud is rampant
ZEN is the first and only social app designed specifically to meet the demands of fandom video communities. This includes:
High-Quality Video and Seamless Looping: Our users are extreme sticklers for video quality and loops that don't miss a beat.
Community Organization and Discovery: ZEN enables any community of fans, no matter how big or small, to organize their content into channels and by content type.
Advanced Communications: Open public chats can be created at any time around any subject, and can scale to thousands of simultaneous users. Private chats can also scale from 1-on-1 to hundreds of participants.
Curation: We regularly feature users and run contests to highlight the best content and creators.
Revenue Sharing and Marketplace (under development): ZEN is the only app of its kind to develop a revenue model meant to make money for our users from the get-go, and our blockchain-powered marketplace will take these efforts to an unprecedented level.
The typical ZEN user is a 14 to 18 year-old member of Generation Z and a super-fan of some aspect of pop culture: anything from Harry Potter movies to video games, to Japanese Anime cartoons, and all major league sports.
These young people don't just consume content but create it, and by doing so attract a large audience of their peers, audiences that are otherwise hard to reach and highly desirable for all types of advertisers. Despite this, these teen influencers make the least amount of money relative to the size of their audiences on traditional social media.
In short, they are the perfect first users for the new type of social platform we're building.
Influencer Marketing & Sponsored Posts
$1 Billion and Growing
References
Social Media Ad Spend
$31 Billion in Global Ad Spend - 2016
$17 Billion in US alone - 2019 Estimate
References
ZEN Makes Money by Helping Our Users Make Money
ZEN will make money in at least three ways:
ZEN Marketplace Interaction Mock-up
Formalizing the Shadow Market
ZEN is the first social media app of its kind where any user can become a paid influencer by building an audience and easily earning our new ZENCoin cryptocurrency through a marketplace integrated directly into the product.
This new marketplace will present ZEN influencers with multiple revenue generating features, include transparent pricing for buyers and sellers, and handle all transactions with no possibility of fraud.
When coupled with the powerful incentives driven by the ZENCoin cryptocurrency, the marketplace will unlock the massive value our users already know how to create. The features will include:
Ad Revenue Sharing Program: An expanded and automated program will be re-launched with an initial focus on ads for mobile games.
Automated Re-post Purchases and Distribution: Users already buy and sell re-posts on platforms like ZEN, Twitter and formerly on Vine. This process can be highly automated, making re-posts a perfect foundation for a highly efficient marketplace.
Opt-in Sponsored Post Campaigns: Users will be able to opt-in to sponsored post campaigns from a variety of advertisers, including their peers.
Official Channel Transfers: All videos on ZEN are organized into channels that people follow- and which we will enable to be officially bought and sold through the marketplace.
ZEN is not just a new type of product it is a new type of business, one that will transform our users into stakeholders by requiring everyone in the marketplace to exclusively use our ZENCoin cryptocurrency for access and transactions.
ZENCoins are designed to be digital assets that grow in value over time along with the growth of the ZEN business, thus incentivizing all the stakeholders to keep ZEN growing in a virtuous cycle of value creation.
Click Here to Read the Non-technical Whitepaper
The ZEN stakeholder model will eventually be expanded into an entire decentralized ecosystem of third-party products and services, simply by enabling them to easily accept ZENCoins as payment.
ZENCoin puts the same technology and dynamics behind Bitcoin, the original cryptocurrency, at the heart of our business- but with the value driven by the proven demand for access to social media audiences. Demand that already reaches tens of billions of dollars per year and is still growing fast.
The ZENCoin Token Distribution Event (ICO) is planned for Q2 2018
(actual date is subject to change)
Hooked on Startups Podcast discussion on ZEN and ZENCoins with Founder & CEO Frank E. Banks
The ZENCoin Token Distribution Event (ICO)
ZENCoins will be the ultimate reward for any user that creates value on ZEN and will be earned through participation in the marketplace. The individual units of these cryptocurrencies are often referred to as "tokens" and like most of these tokens, ZENCoins will be smart contracts built on the Ethereum blockchain.
The public sale of ZENCoins, called a Token Distribution Event or Initial Coin Offering, is planned for Q2 of 2018 (actual date is subject to change) with the goal of raising at least $10 Million in order to fund the accelerated build-out of the core ZEN product and marketplace.
Limited Time Pre-ICO Discounts!
Token generation events are an increasingly popular way to raise money for early-stage ventures like ours, but executing an ICO properly will itself require at least $300-500K. Your investment is a critical step forward in this process.
As a special incentive, we're excited to offer you the option to convert your stake into ZENCoins instead of equity, at the time of the planned ICO in early 2018 and at discounts of up to 50% off the ICO price.
Early Liquidity
If you choose to convert your stake to ZENCoins they will be transferable on one or more exchanges once issued, giving you the option of much earlier liquidity than the typical 3-5 years for startup equity investments.
For our convertible note holders who do not wish to convert their stake to ZENCoins the normal convertible terms will continue to apply.
“Matt and I worked together at BPM in various capacities. His ambition and go-getter spirit are just a few reasons that I invested in ZEN.”
"I’ve had the pleasure of knowing Matt and Frank the last couple years through their latest endeavor, ZEN. They are incredibly driven, knowledgeable, opportunists and ahead of the game in their understanding of future market needs and behavior."
"Investing in a start-up is always a risky endeavor. However, I decided to invest in ZEN in its’ early stages because I was impressed with the developers. Their commitment and determination to bring this product to fruition convinced me that this would be a worthwhile venture."
School
Counselor
“Matt and I grew up together and is one of my closest friends. He’s very business savvy, has tons of ambition and will not stop until he reaches his goal. The whole team has a track record of success and that was reassuring. These are the reasons why I decided to invest in ZEN”.
ZEN is an app that lets teens share short videos and chat with their peers, but the twist is that is a new type of social media business that aims to empower users by not only enabling them to build community but simultaneously earn digital money via the company’s new ZENCoin cryptocurrency.
ZEN is disrupting viral video on the blockchain, tapping into passionate fandoms while empowering and protecting teen content creators.
Maximum $1,070,000 in Convertible Promissory Note and SAFT's
Minimum $10,000 in Convertible Promissory Note and SAFT's
| Company | General Presence Inc. dba ZEN | |
| | ||
| Corporate Address | 26 Westminster Avenue Unit 4 Los Angeles (Venice), CA 90291 | |
| | ||
| Description of Business | General Presence Inc. is a leading consumer internet company and maker of ZEN, a new type of social media platform that empowers users to build community and earn money through a blockchain-powered marketplace. | |
| Type of Security Offered | Convertible Promissory Notes and SAFT | |
| $100 |
Convertible Note and SAFT | Minimum $100 Investment
Note converts into shares of Preferred Stock when the Company raises $2M in a single preferred equity investment or at an initial token sale. Investors will also be given the option to convert all of the amounts outstanding under the note into future tokens, of "ZENCoins" at a discount instead of equity in an initial token sale.
If you convert into Stock:
Maturity Date: November 1, 2020
$10M valuation cap
1% yearly interest rate
20% Discount to the price of preferred equity
What is a Convertible Note?
A convertible note offers you the right to receive shares in General Presence Inc. The number of shares you will receive in the future will be determined at the next equity round in which General Presence Inc raises at least $2M in a preferred equity financing. The highest conversion price per share is set based on a $10M company valuation cap or if less then you will receive a 20% discount on the price the new investors are purchasing. You also receive 1% interest per year added to your investment. If the maturity date is reached and the note has not converted then you are entitled to receive your investment plus accrued interest back from the Company.
Alternatively, you may elect to convert all the outstanding amounts due under the Note into the right to receive ZENCoin tokens, utility tokens which shall be developed by General Presence Inc. In such case, the outstanding amounts will be converted at the purchase price offered in the initial token sale discounted according to the rates below. The Company is developing a distributed ledger based business model and the ZENCoin utility token; provided however, such ecosystem and utility token do not presently exist. Investors who have elected to receive the right to future tokens at the time of an equity financing will receive such to ZENCoin tokens upon the network launch and initial token offering.
If you convert into ZENCoins:
The outstanding amounts due under the Note may convert upon a network launch (of ZENCoins) and initial token sale.
If you invest you will receive tokens at the purchase price of the initial token offering multiplied by the following: (1 minus the discount below).
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, ZEN has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in ZEN be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Hello! Recently, a change was made to the ZEN offering. Here's an excerpt describing the specifics of that change:
ZEN is extending their offering for 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
“This blockchain wave won’t be stopped”
Our founder, Frank Erik Banks was interviewed by Forbes about the recent crypto ad crackdown and how ZEN is the first SEC-compliant pre-ICO.
“There's a ton of political heat on Facebook and Google in particular,” explains Frank Erik Banks ZEN Founder and CEO, “and the last thing they want is for the SEC to start breathing down their necks too. But blockchain and cryptocurrencies are legitimate once-in-a-lifetime technologies. Ultimately what the ad bans will absolutely do is clear out the fly-by-nighters and bad actors, and that can only help people like us."
Refer an Investor, Get $10 in Litecoin
With only a few days left in the StartEngine campaign we’re launching an exclusive referral program for our biggest supporters: you!
If you're a ZEN investor and refer a new investor, we'll give you $10 worth of Litecoin* instantly!
As an added bonus, the top referrer will also win a FREE ticket to the Crypto Invest Summit, including a meeting with ZEN CEO Frank Erik Banks ($700 value)!
How to enter:
Fill out this short entry form.
Get the word out about ZEN!
Share our StartEngine page: https://www.startengine.com/zen
Make sure your friends tell you when they invest!
Once your friend invests, you or they should close the loop by completing the referral form here (or send us a quick email with their info and email address to: community@autozen.tv)
We’ll confirm their investment and you’ll get $10 worth of Litecoin* for each completed referral!
With 400+ investors and over $175,000 raised, we’re thrilled about how far the ZEN movement has come this year.
In the last few months, industry veterans from Musical.ly, Amazon, and Microsoft have joined the team and our app community has grown to thousands monthly active users.
Keep your eyes peeled for updates, daily giveaways, and more!
*Litecoin value is as of March 12, 2018 when it was purchased. The price can go up or down.
ZEN Gets a Great Article in Entrepreneur Magazine (online edition)
We just wanted to give you a quick update on a great write-up about ZEN and our trailblazing pre-ICO on the StartEngine platform https://www.entrepreneur.com/article/309465
The article really highlights the unprecedented nature of this campaign that gives regular folks a super easy way to invest in our upcoming ZENCoin cryptocurrency and/or preferred equity in the company. We're all making history here!
It's a great read and we hope you'll take the time to check it out and share it with friends.
Win 1 ETH (ether) in the ZEN Pre-ICO Contest!
Just a reminder that the ZEN 1 ETH contest is still going strong, with about 7K entries so far. It is scheduled to end tomorrow Friday, February 23 at Midnight Pacific, but if we don't get the required minimum of 10K entries we'll extend it. You still have a chance to join the fun!
The contest is all about helping us get the word out about this campaign, and participating is super easy. You can rack up points for things like joining our Telegram group and sharing our campaign with friends. Whoever has the most points wins. Click here to join the contest.
Thanks!
We're LIVE on Telegram: https://t.me/ZENCoins
Facebook: https://www.facebook.com/zenvideonetwork
Twitter: https://twitter.com/ZENVideoNetwork
New Lead iOS Engineer!
We've got some important and exciting news to announce. George Ciobanu has joined our team as our new Lead iOS Engineer and is already working hard on awesome new features that we know our ZEN users will love. We are super fortunate to have him on our team as he was formerly the lead developer on Prisma and Musical.ly- the latter a social video app that he played a critical role in growing to a 200 million user phenomenon that sold for $1 Billion dollars in late 2017.
You can read more about how this happy connection came to be in our latest blog post.
Win 1 ETH (ether) in the ZEN Pre-ICO Contest!
Who doesn't like winning money? Especially if it's fun and easy, and especially if it's in the form of the world's second most popular cryptocurrency? Well, that's what we've got going with our recently launched contest where you can WIN 1 ether token (ETH) with a current market value of about $900 as of this writing.
The contest is all about helping us get the word out about this campaign, and participating is super easy. You can rack up points for things like joining our Telegram group and sharing our campaign with friends. Whoever has the most points wins. Click here to join the contest.
Thanks and Good Luck!
We're LIVE on Telegram: https://t.me/ZENCoins
Facebook: https://www.facebook.com/zenvideonetwork
Twitter: https://twitter.com/ZENVideoNetwork
GREAT NEWS!
We've made two super important changes to the campaign that everyone should know about:
1. DISCOUNTS OF UP TO 50% ARE BACK FOR EVERYONE - PERMANENTLY
By popular request, we're extending our original most generous discounts of up to 50% off future ZENCoins to EVERYONE who invests in this campaign- all the way through the close. If you've already invested you don't have to do anything at all, you already automatically qualify for the best discounts at whatever level you already invested, including 20% off your future ZENCoins for an investment of just $100!
2. Minimum Investment Reduced to $100 - PERMANENTLY
In the same spirit as extending our most generous discounts to all our investors, we've reduced our minimum investment back to the original $100.
Thanks to the over 300 folks who've already invested in the campaign and we look forward to welcoming more of you into the ZEN community! And PLEASE if you have ANY questions or comments there are multiple ways to stay on top of what's going on with us, as well as get into direct contact:
We're LIVE on Telegram: https://t.me/ZENCoins
Facebook: https://www.facebook.com/zenvideonetwork
Twitter: https://twitter.com/ZENVideoNetwork
Hello! Recently, a change was made to the ZEN offering. Here's an excerpt describing the specifics of that change:
ZEN is extending the end date of their offering, decreasing their minimum investment amount, and offering a discount on tokens to all existing investors.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, ZEN has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in ZEN be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Hello! Recently, a change was made to the ZEN offering. Here's an excerpt describing the specifics of that change:
Zen has updated their minimum investment amount to $350, increased the maximum offering amount to $250,000, and extended the end date of their campaign to March 1, 2018.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
$107K Goal Reached!
The campaign reached the original $107K goal on Saturday and keeps on trucking! As of this update, the total committed is right at $112K and counting. Due to this success and continued momentum we will be extending the campaign to March 1, 2018 and raising the investment goal.
Minimum Investment Will Increase to $350
Along with extending the campaign, the minimum investment will be increased to $350. If you have yet to invest and anything less than $350 is the right amount for you, please act before this Friday January 12th when we will be filing the changes to the campaign.
Special Thanks to everyone who is invested so far! You're playing a critical part in the continued progress of the ZEN movement in 2018!
Best,
Team ZEN
Hi Everyone!
Only a few hours remain to get discounts of up to 50% on future ZENCoins through this campaign! This is your last opportunity to get the best pre-ICO price on ZENCoins that we will EVER offer the public.
Your investment must be received before midnight Pacific time tonight December 28th in order to qualify for the generous discounts on ZENCoins that we're only offering to our earliest investors.
And in case you're wondering, the answer is YES! We can absolutely accept oversubscriptions above the $107K goal.
A special thanks to all of you who have already invested, and a warm welcome to our investors to be. Thank you all for joining the ZEN movement!
Happy New Year!
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, ZEN has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in ZEN be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Hey Everyone!
Best Discounts End on December 28th
For those of you who are following the campaign but have yet to invest now is the time! The best discounts of up to 50% on ZENCoins will end at midnight Pacific time this Thursday December 28th. That leaves only three days for you to get the best discounts we'll be offering to the public- so act now.
And of course, we hope you all had an amazing holiday weekend! We certainly did, and the campaign continued to gain momentum with lots of investments over the last few days- bringing us tantalizing close to the $70K raised mark.
Thanks to everyone who has invested so far, and those of you who will be joining the ranks of ZEN investors soon.
Happy Holidays!
Hey Everyone!
The campaign has recently just blown by the important $50K mark and is gaining some serious momentum as we're basically now halfway to our goal! We want to extend a ton of thanks to those of you who have already invested and helped us get so far so quickly.
Best Discounts Expire on December 28th!
If you have yet to invest we want to remind you that the best discounts of up to 50% on future ZENCoins expire at midnight Pacific time on December 28th. Now is the time to lock in the most generous incentives we're offering to our investors.
And be sure to follow us on social media for more updates and an easier way to engage with us directly:
Facebook: https://www.facebook.com/zenvideonetwork
Twitter: https://twitter.com/ZENVideoNetwork
Thanks and Happy Holidays!
Team ZEN
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