For you AI and D3 Labs, Meet Two Startups Made by Ex-Tokocrypto Officials

After Binance took over Tokocrypto at the end of last year, had an impact on the departure of high-ranking officials and a reduction in the number of employees. Now the former Tokocrypto executive continues his journey in the world of Web3 by establishing a new startup.

According to monitoring DailySocial.id, Tokocrypto Co-Founder Pang Xue Kai founded Untukmu AI, while another Co-Founder, Teguh Kurniawan Harmanda, became an advisor for the new startup D3 Labs. Both startups have been operating this year.

For you AI

Kai founded For you AI to digitize the gift-giving process (gifting) in a more efficient and modern way powered by AI. The plan is for you AI to make its presence official on April 17, 2023.

On the website, it is explained that through the Untukmu AI application, with the help of an AI assistant named Dewi, users will be assisted in automatically scheduling gift giving, as well as personalizing gifts for various needs. In fact, it allows one to give gifts anonymously and jointly with several friends for someone special.

The company developed a dynamic, data-driven gift recommendation engine that adapts to changing trends, understands changing interests, and finds new brands that are best suited for a special person or occasion.

Apart from Pang as co-founder, There are other names in Formu, including Estelle Van Der Linden, Oceane Alagia, Cory Xuecong Pang, and Muhammad Wendy Taufiq. The last two names are former employees at Tokocrypto.

Previously, the same solution was also offered by Yippy who positioned himself as gifting as a service that targeting corporations as a target user who wants to distribute prizes to internal employees and clients of the corporation.

Next, there was also Tada who presented Tada Gifting with the same target user. The added value offered is that clients only need to pay for the prizes offered.redeem only so that gift giving can be more planned and measurable.

D3 Labs

As for D3 Labs has a vision to simplify and empower the financial sector through adoption blockchain in order to provide maximum benefits for consumers. Blockchain It is believed to enable the automation of financial transactions and the need for intermediaries to be eliminated, thereby reducing the time and costs associated with traditional financial processes.

Quote from Between, one of the main offerings of D3 Labs is to provide systems programmable money based blockchain. The platform allows individuals and businesses to send and receive payments quickly, securely, and at low cost, to anyone, anytime, and anywhere without any restrictions.

The solution comes because the platform is built on a decentralized network that eliminates the need for intermediaries to make transactions faster, cheaper, and more transparent.

"Technology blockchain has the potential to revolutionize the financial sector in Indonesia, making financial services more accessible, efficient and safe for businesses and individuals," said D3 Labs CEO Chung Ying Lai, who was previously Chief Strategy Officer of Tokocrypto.

Quoted separately, via the D3 Labs LinkedIn page, Chung Ying explained programmable money necessary because currently the world is moving towards a digital economy. Programmable money has the potential to revolutionize the financial industry, becoming a solution to simplify system processes and financial services.

DailySocial.id also found a number of former Tokocrypto employees who had joined the startup.

Not only D3 Labs, Manda, Teguh's nickname, now occupies a strategic position for startup Aruvana as a Business Advisor. Aruvana is a startup that develops AR/VR-based customization products for the health, engineering and heavy equipment industries.

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Disclosure: DS/X Ventures (part of DailySocial Group) is one of D3 Labs' investors