I think it's important to be able to quickly summarise your product to anyone who may be interested such as potential investors and customers. A good challenge for this is to describe it in 5 words as best you can!
We are a Korean development team. we are preparing to launch a bet-based social network service. It is a new form of social network service where you can interact with friends or strangers through bets. About 80% of the development has been completed.