GoMeat Quarterly Update — Q1, 2022
With the closure of Q1 of 2022 our GoMeat journey is just getting into full steam
As always, keeping our promise with our community to stay transparent, we have following areas to report in this quarterly update:
GoMeat Business Expansion:
Our primary focus has remained on business fundamentals and execution of our growth strategy. With tremendous efforts being put in short time by our amazing team, our customer base has increased and is nearing 5,000 total customers with Specialty meat now more accessible than ever before. We have added about 400 new stores in Q1 only and with 900+ total operational stores on our platform, GoMeat is available and serving in 26 States in the USA. With these stores in Q1 alone we have processed 1,428 orders and have generated a gross volume of $157,307.
In this reporting duration we have not limited ourselves to Specialty Meat stores only and have added many Halal and Kosher restaurants as well primarily in our home location of New Jersey. Marketing efforts to promote these restaurants are yet to trigger for specialty restaurants and we are hopeful to see some results and get better analytics in coming quarters.
Besides rising specialty meat prices, marketing and promotions is still one of our most significant challenges and we are working hard to find innovative ways to market and promote GoMeat and to spread the word out across communities and regions. With a continued push for rapid expansion to reach our goal of 2,000 stores on our platform, in parallel our efforts will be concentrated for a cost-effective marketing and promotion strategy.
Listing on CEX:
To reiterate our commitment, listing on a Tier 1 exchange is a priority and an integral part of our long-term plan and success. We understand that the community want this sooner but as a genuine project already in operations and with a real-life blockchain use-case, we still need to abide by the policies and dynamics dictating the current crypto exchange listing landscape. From the GoMeat management team, we can assure that incredible efforts have been made and no stone left unturned to fulfill this quest sooner than later. In this quarter, we were successful to find right connections and meet representatives of some Tier 1 Exchanges and pitch GoMeat to them. While the listing / integration fees have been raised exorbitantly in recent months by some Tier 1 Exchanges but apart from fees and a thorough due diligence process, in the end it comes down to some key stats such as high volumes, number of wallets and a following by a larger community.
Even before our debut listing, our team has been working hard and has well executed the plan to convert our existing customer base into GOMT wallet holders along. One of the many aspects we had to address was to increase the number of current GOMT Wallets to well above 2,000 which we successfully achieved in this quarter. Our plan to expand our reach to increase our GOMT community will also kick start with our listing on BitMart.
We are equally excited and are looking forward to upcoming GOMT BitMart debut listing and are confident enough to check off most of the boxes as required by any Tier 1 Exchange. We are putting our best efforts and energies for the highly anticipated GOMT launch on BitMart and have created a well thought out launch plan focused on not only generating enough positive traction but also to ensure stability in GOMT prices which we expect to swing significantly upon this listing. With a strong GOMT value proposition and trust in our execution capabilities as per our roadmap we have never been this confident in the long-term success of GoMeat. The listing on BitMart has been a bit delayed due to upgrade of their security protocols. Although the final date of listing is yet to be confirmed but the integration with Hydra Mainnet has already started. The exact listing date will be announced to our community first as soon as we get a confirmation from BitMart.
GOMT Burn Status:
At the start 2022 the GOMT monthly burn rate was increased to 4%. So far, 14,607 GOMT have been burnt in total, with 8,952.77 amounting for Q1, 2022 only. Following are the details for the monthly burn rate for first quarter of 2022:
Events and Shows:
With our objective to promote GoMeat, create strong brand awareness and presence , GoMeat plans to take part in multiple blockchain focused events. In April 2022, we participated in Bitcoin 2022. In the heart of Florida, during the 4-day long convention at Miami Convention Center, the GoMeat team was able to network and connect with investors and Tier 1 exchanges as well as introduce GoMeat to a large audience.
In the upcoming months, we are participating in two significant events in the United States. Our preparations are in full swing to get the best out of these events. We have a specific objective to achieve from each of the event. We are also happy to update that we have been able to arrange US Business Visa on behalf of GoMeat for some of our non-US based employees and we look forward to welcome them to support the promotion of GoMeat in these upcoming events. We encourage our community members to participate and meet our founders and team members in person. These events are:
GoMeat is sponsoring and actively participating at the Food on Demand Conference in Las Vegas on May 4th- May 6th. FoD is the only conference solely dedicated to off-premises operations and the future of restaurants and food service in a world of on-demand convenience.
Attendees at this event include restaurant owners, technology suppliers, packaging innovators, delivery and catering providers, virtual kitchen, grocery and C-store operators, foodservice investors, legal experts, and meal-kit brands — anyone interested in the future of foodservice and delivery. 900+ attendees are expected.
Our objective for this event is to network and create our presence amongst other key industry and market giants such as Uber Eats and DoorDash, and present and promote our real life blockchain use case. We are proudly the only blockchain based on-demand ordering and delivery services operating in the United States.
Consensus2022 by CoinDesk:
GoMeat is also actively participating and sponsoring at Consensus22 by CoinDesk — The festival for the decentralized world. The festival is the must-attend crypto, blockchain, Web3 tech event of the year. Thousands of the world’s brightest minds and impactful voices will take over Austin, TX from June 9–12, 2022. This is the only festival showcasing and celebrating all sides of the blockchain, crypto ecosystems, Web3, and the Metaverse, and their wide-reaching effect on commerce, culture, and communities.
At Consensus, you’ll find over 15,000 attendees and 400 speakers, with the likes of Cathie Wood, Kimbal Musk, Changpeng Zhao, Garry Kasparov and Edward Snowdown among many others. You’ll have the opportunity to engage in thought-provoking dialogues, participate in heated debates, and take part in one-of-a-kind experiences as these new technologies and communities transform the worlds of financial investment and marketing. Participate in our GOMT campaign on Hydra DEX and don’t miss a chance to win a free pass for the event.
Our objective for this event is to network and create our presence amongst the blockchain and crypto giants and present and promote GoMeat real life blockchain use case and our GOMT token. We will be running several on venue promotions to encourage the download of our apps, adoption of GOMT token and to increase our growing community members. We are proudly one of the few blockchain ventures who are way beyond idea stage but are in revenue generating and actual execution phase.
Other Notable Initiatives:
Our teams continue to diligently spend time and efforts in following other notable initiatives:
- Upgrade of our GoMeat Technology Platform, Apps, and backend, offering not only additional features for our customers, stores, and drivers but also integrated with crypto wallets facilitating the ordering via GOMT and other notable cryptocurrencies. The target completion of this project is on track for Q2 of 2022.
- Our website www.gomeat.io has been revitalized and we have consolidated with a new look and feel. If you have not visited in a while, please do so and feel free to provide your valuable comments.
3. Meaty — The Staking BOT: GoMeat staking bot is now live to report Hydra staking rewards daily. The bot will post a complete report of the previous day in our Telegram community. You will be able to see blocks mined, Hydra staking reward, estimated cumulative Hydra staking reward and total GOMT equivalent in these reports.
4. We have expanded our GoMeat team and following new resources have been on-boarded to support the execution plan:
- Digital Marketing Expert
- Graphic Designer
- Store & Driver On-Boarding Specialist
- Customer Services Reps
- Finance & Admin
- Tech resources
With the above update, we reiterate our commitment to share the status of our execution plan with our phenomenal community as transparently as possible. We continue to have our highest confidence in GoMeat and its bright future and look forward for your continued support and understanding. Our community is and will always be an integral and most valuable part of GoMeat!
GoMeat — Empowering the Specialty Meat Industry