August 2021 - Crypto^^Nation

Dear Community,

Thanks to all for participating in our AMA with Torum. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this AMA recap is for you.

Introduction

CryptoNationIN – Hello Crypto^^Natives👋
We’ve Jayson from TORUM with us.
🎊Jayson welcome to the CRYPTO^^NATION 🎊

Jayson – Hello Crypto^^Natives!
Thanks for having me here

CryptoNationIN – We are pleased to have you Jayson
Before we start, please tell us how are you doing?

Jayson – Feeling awesome to be sharing Torum to one of the most-engaged communities in the space!

CryptoNationIN – Awesome
Let’s get into this AMA
Starting with introduction
Please introduce yourself to us.

Jayson – Hey guys, I am Jayson, the co-founder and CMO of Torum, one of the largest social media projects in the space.
Got into the space back in 2017 and realize that newbies are getting scammed, projects are getting rekt by marketing. So, I began to work with my crypto buddies on a solution to fix these industry dilemmas at once.
We thought that connecting everyone through a social media platform is the best way to spread knowledge and prevent newbies from being rekt, and also providing a cost-effective marketing channel for projects to do branding.
Hence, we founded Torum!

CryptoNationIN – Great initiative
Could you please introduce Torum to our community?

Jayson – Torum is the world’s first NFT and DeFi social media platform that is specially designed for the crypto industry.
Through Torum, we aim to leverage the potential of social media, NFT and DeFi to build the largest one-stop social media ecosystem of the crypto industry.
We have recently secured a strategic investment from Huobi Ventures, the venture arm of Huobi Global and accumulated over 75,000 users from a total of 205 different countries.
Feel free to check out the platform here: https://intro.torum.com/

Here’s a product screenshot of the Torum platform

CryptoNationIN – Looks fascinating
Please tell us about the tokenomics of Torum token.

Jayson – Sure, 10.9% of the tokens is offered for the token sale events (including seed, private, presale and public).
7.7% is allocated for marketing.
8% is channeled to strategy, developers and advisors.
The community can get XTM through ecosystem which requires completing Mission on Torum (25%) and LP (15%).
Lastly, 8.4% is in reserve and 25% of the tokens are allocated to the team.
The seed, private, presale and the 1st public round – ISNO is already complete, leaving IDO the last sale for everyone to hop on the Torum train.

This is the chart for the Torum tokenomics.

CryptoNationIN – Tokenomics looks solid
Please tell us about the roadmap of Torum.

Jayson – In the coming Q3, we will focus on the launch of Torum IDO event and the release of two key products of Torum, including Torum Airdrop and Torum NFT Launchpad.

We will be using the strategic connection (secured from Huobi Ventures) to initiate a mass HECO-based projects onboarding plan. We have already confirmed collaboration with two biggest HECO projects, where one of them is the top DeFi project in the HECO chain.

Here is an overview of the Torum plan for Q3 and Q4 2021.
Expect big things to happen on Torum for the next few weeks.

CryptoNationIN – Tremendous
Could you please share some of the strategic investors who are backing Torum?

Jayson – In addition to Huobi Ventures (https://cointelegraph.com/press-releases/torum-announces-strategic-investment-by-huobi-ventures-heco-fund), Torum is backed by 20 crypto VCs from different regions, including Tier 1 VCs, like AU21, Consensus Lab, M6, DFG, Lotus Capital, Waterdrip Capital.

We are even backed by Hotbit, BigOne and BKEX, some of the most popular Tier 2 cryptocurrency exchanges.

CryptoNationIN – That’s really impressive

Could you please tell us about the partners of Torum?

Jayson – Sure
We have the pleasure of working with some of the biggest projects in the space. They are
Huobi Ventures (https://www.huobi.com/en-us/capital/), the venture arm of Huobi Global
Jinse Finance (https://www.jinse.com/), Largest Chinese Crypto Media
Mantra DAO (https://mantradao.com/), DeFi x DAO project
Kylin Network (https://kylin.network/), Polkadot Data + DeFi & Web 3.0
Poly Network (https://www.poly.network/), Cross Chain Project Supporting BSC, ETH, SOL, ZIL, EGLD
Darkpool Liquidity (https://liquidity.ltd/), a 2x Binance API competition Winner

In addition to them, we are partnered with Blocklime (a distributed ledger technology (DLT) enabler partnering with R3, RSK of IOVLabs and AWS Activate ) and ACCESS Blockchain Association Malaysia (The largest blockchain non-profit organization in Malaysia).

CryptoNationIN – Great!

Twitter Questions

Q1. I saw that Torum had recently acquired a strategic investment and partnership with Houbi Ventures HECO Fund. Does this mean we’ll be seeing Torum be able to work, adapt and communicate with the HECO network?
Jayson – Absolutely. We have been in talks with some of the most promising projects in the HECO chain and working on onboarding them to Torum. The Huobi Ventures’s resources and connections make things alot easier here.
There is a lot more that I wish to share, but I prefer to let my actions do the talking.

Q2. When creating a social media platform you need to have an addictive factor, so users will spent more time in it, how do you keep users hooked after they know the platform? what makes Torum interesting as time pass?
Jayson – First one is the mission incentive of Torum. Everyone can complete a series of social media tasks and receive XTM in return.
A potential earning is still the best essence for a crypto user to continue using something. The GameFi trend proves that. As we go into Q4 2021, we will transition into a more complex SocialFi ecosystem, where the profit generated by the ecosystem will be channeled to the community on Torum.
Compared to other social projects, Torum can offer something that others could not provide, which is a social media ecosystem that is exclusively for crypto users and built with crypto-niche features, like the Torum Airdrop and Torum NFT Launchpad that are covered just now.
Imagine going to a world where everyone is a cryptocurrency user and you can find every crypto-related service like finding #DeFi projects, buy #NFTs, participate in #airdrop campaigns, join a crypto #AMA session, etc.
I don’t think there is any reason not to use Torum as a cryptocurrency and blockchain enthusiast.

Q3. Can you tell more details about Torum please and how the NFTs will be used?
Jayson – As an intro to what the author is asking, Torum Finance is the DeFi platform of the Torum ecosystem. The NFTs that are mentioned here is the 363 ISNO NFTs that Torum sold back in May 2021 (https://www.globenewswire.com/news-release/2021/05/12/2228322/0/en/Torum-Completed-the-World-s-First-Initial-Staking-NFT-Offering-in-Less-than-20-Minutes.html).
You can either sell the NFTs to other people or stake in Torum Finance to increase your LP farming stake.
So, 15% of the total token supply will go to this LP farming over a span of 33 months.
After you provide LP with XTM and BUSD on Pancake, you can stake the LP tokens on Torum Finance to get a reward of this LP reward. In addition to stake the LP tokens, you can also stake the ISNO NFTs to multiply your stake in the pool.
This means that with the same amount of LP tokens, any LPs who staked the NFTs will enjoy a premium bonus stake, which potentially increase your earning as a LP.
Hope this answer your question, mate.

Q4. What do you consider to be the best features of “Torum” ? Are there any features that “Torum” has that we can’t get on any other platform? Where can we stay informed of all the news that “Torum” has to offer us?
Jayson – In addition to the Torum Airdrop and Torum NFT Launchpad that were covered, Torum will be launching other key features like
• Torumgram
• Torum NFT Marketplace
• Torum Finance
• Torum News
• Torum Lounge
You can find the description of each feature here: https://medium.com/torum-official/unveiling-the-torum-h2-development-roadmap-5b664f655500
Among them, Torum Lounge, Torumgram and Torum News are the 3 key features that you can’t find on other social media platforms.
Torumgram is the feature for you to integrate Telegram to Torum. Imagine using Telegram for altcoins hunting and then sharing the info directly on a social media platform.
Torum Lounge is an interactive audio board for creators, influencers and projects to hold podcasts and AMA. Imagine having a crypto Clubhouse together on a comprehensive social media platform.
Torum News is the place for everyone to get updated to any latest media news of their favorite projects.
I might be biased here, but I don’t think there is any social media platform that is as innovative and creative like us.
There is only Torum.

Q5. Many people want to learn about your project but they have problem with English, so do you plan to spread awareness about your project in different countries where English is not good? Do you have marketing strategy aimed at developing many different communities?
Jayson – This concern is 100% valid. We faced culture shock and language barrier as we expand to different regions.
The first improvement we made is the global translation feature on Torum. Might sounds strange for you, only Torum is doing a translation feature to better connect every crypto lover in the industry. Other social media projects are kinda ignorant to this little puzzle. With a global translation feature, everyone can understand one another better, thus a more connected social media platform is created.
The next one is the community ambassador program that will be released in the coming mid Sep (expected). We will be getting onboard some top quality community leaders from different countries to lead the Torum community across all the regions.
Having a person speaking your common tongue is still the best way to communicate something.
I am confident that with these two key puzzles are secured, the communication issues will be minimal.

Telegram Questions

Q1. What are main products? In What cases is the current Torum used?
Jayson – Torum social media is our main product. It’s released for over 13 months and now has over 75,000 users. You may join it here: https://www.torum.com/signup
But please do not SPAM on the platform as you will be reported and your mission system will be freeze.

Q2. For project development, the main priority is to have sufficient funds. Is your team financially able to carry out? Do you have sufficient funds for development?
Jayson – We have raised over $ 2 millions for Torum. I think that is suffice for the project to move to the 2nd phase.

Q3. Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?
Jayson – We solve 2 key issues with the relevant solutions here.
Projects: Struggling to sustain with incredibly expensive marketing budget
Solution: BUDIL a one-stop marketing and community building suite for projects
Community: Lured into scams due to big knowledge gap of the industry
Solution: BUIDL a beginner-friendly social learning platform for people who are interested to learn crypto and blockchain
Torum is a project that can solve key problems faced by different perspectives.

Q4. Are you working to AUDIT YOUR PROJECT to make it more secure and reliable?
Jayson – Of course, feel free to check the audit report here: https://fairyproof.oss-ap-southeast-1.aliyuncs.com/doc/Torum-Audit-Report-051721.pdf

Q5. Which platform are your closest competitors? suppose, do you accept Uniswap, Curve or Balancer as your competitors? Also How will you take to the next level?
Jayson – I would say Bitclout is our closest competitor. Trodl can also be considered as one. I think what is covered in the AMA earlier already answered your last question.

Q6. Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Jayson – We will allocate 5% of the ecosystem profit to do token buyback-and-burn every quarter.

Q7. You said that BSC has the Torum to surpass the Ethereum Network and having Torum in BSC makes the user adoption process much easier. But wouldn’t you consider cross-chain technology as your project expands?
Jayson – I am 100% sure that we never said that. But Torum is found on multi-chain, including BSC, HECO Chain and Ethereum.

Thank you Jayson Tan (CMO & Community Manager) and Community for participating in the AMA. Have a nice day.

CryptoNationIN

AMA, AMA recap

AMA, AMA Recap, BUNICORN, CryptoNationIN

August 12, 2021

CRYPTONATIONIN X BUNICORN AMA RECAP

Dear Community,

Thanks to all for participating in our AMA with Bunicorn. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this AMA recap is for you.

Introduction

CryptoNationIN – Hello Alex
Welcome to the CryptoNationIN 🥳
Glad to have you for the AMA today 😃

Alex – Hello everyone 🙌
Thanks for having me here today!

CryptoNationIN – It’s our pleasure
What’s good?

Alex – Everything is fantastic at Bunicorn so far ^^

CryptoNationIN – We wish the same for the future

Alex – Thank you for your nice words!
Wish you all safe and sound during the pandemic.

CryptoNationIN – Thanks Alex. We wish you the same. 😊
Let’s start the AMA with introduction.
Please introduce yourself to us.

Alex – Sure. Hello again. I’m Alex from Bunicorn. Happy to talk to you today!
I have been in the crypto space for 5 years. I used to work at TomoChain as Marketing Manager for the last 4 years. Now I’m with Bunicorn as Head of Communication.
Bunicorn is run by 30 people with rich experience in the blockchain field. Recently we have recruited 2 talents including Vincent Vu – Game Design Director, and TuNa – top 100 Binance NFT creator to join our team & imagine a unique game universe for Bunicorn. You can read details about our core team on our official website https://bunicorn.finance

CryptoNationIN – Magnificent 💫
Could you please introduce Bunicorn to our community?

Alex – So at Bunicorn, we are building an intense DEFI Game platform that elevates DEFI and blockchain gaming experience to the next level
Within Bunicorn Ecosystem
— Bunicorn RPG game is designed for the “Play to earn” purpose while teleporting users to a magical “Bunicorn” world with exquisite NFT collectibles.
— Bunicorn exchange is a highly performed AMM DEX that offers investors yield-earning opportunities through liquidity pools and liquidity farm mining with unique time-locked rewards wrapped into tradable NFTs.

Twitter Questions

Q1. There are 2 types of pools in Bunicorn. What is a FLEXIBLE pool? How is it different from the pool containing stablecoins? What kind of benefits does it provide to investors and users?
Alex – Bunicorn flexible pools are modeled after the concept of N-dimensional invariant surface AMM proposed by Balancers. Each pool contains the two or more tokens and each must have the independent weight. The weight of the token in each pool represents its proportion of the total pool value.
Liquidity providers can also join a multi-token pool with a single asset.
There are two types of Bunicorn flexible pools and their benefits as below:
— Shared Pool: are “public” flexible pools whose parameters are fixed. Anyone can add or remove the liquidity and swap tokens in the pools.
— Smart Pool: pool creator can change 6 different parameters like Change Weight, Change Fee, Pause Swap, Restricted LP to whitelist. Bunicorn is bringing the Balancer-style liquidity bootstrapping pool (BBP) to the Binance Smart Chain. The pools have been specially designed to distribute tokens fairly and bootstrap liquidity in token launches, both weaknesses of current AMM models.
Regarding the stable pool, it is a special type of AMM pool that only works for stablecoins. There are several advantages of a Stable pool:
— Amplified pools with extremely high capital efficiency
— Lower trade slippage due to high capital efficiency.
— Dynamic fees to optimize returns for liquidity providers.

Q2. I need some theory. In view of the fact that the NFTs are key in your project. How does gamification help to broaden the range of guarantees and create fun interactivity?
Alex – Everybody loves game. Especially, you can have fun while playing and earn rewards at the same time!
By the end of August, we will release the first Play-to-earn RPG game on BSC along with our NFT marketplace.
This is the first game in the Bunicorn Universe in the form of a card game, which will be web-based. The Pokémon-inspired game allows players to collect and own trainers and Bunicorns to battle each other for rewards. Basically players can earn income from this game through:
— Rewards after the battle is won
— Upgrading and selling trainers/Bunicorn on the market
— Luck to get high level of rarity Bunicorns
— Staking and receiving rewards from a part of the game’s revenue for BUNI holders

Q3. You hinted about Bunny and horn NFT gaming theme. Will this mean that you will be releasing Bunicorn games where these NFTs will be needed? Can you provide some clue with regards to your game? Will users be able to earn while playing?
Alex – Thanks for your question! We are so excited for its launch by the end of this month. It is the very first game in Bunicorn gaming metaverse we are going to release in the future.
A quick intro about Bunicorn Game: it is a Play to Earn NFT RPG inspired by Pokémon on the BSC network. The game set foot in a fictional universe and revolves around the hunting and training of fantastic creatures named Bunicorn. Players enter the battle using their trainers and Bunicorns to earn BUNI tokens. Assets are player-owned NFTs minted in the ERC-721 standard which may be traded on the marketplace.
Yes, you can play to earn with Bunicorn. It utilizes a Play-to-Earn model inspired by CryptoBlades by distributing BUNI through gameplay and giving value to player NFTs by increasing their use through future features.
👉 Details: https://blog.buni.finance/bunicorns-play-to-earn-adventure-battle-to-redeem-buniland-s-peace-c3a1d37bdb2d

Q4. What was Your project created for, what solutions has it come to provide in the cryptospace and how do you expect to implement these solutions?
Alex – With the goal of becoming a specialized ecosystem for upcoming play-to-earn projects, in each of its products, Bunicorn ecosystem own various solution to solve the problems that similar products are facing, including:
AMM DEX
— The main problem with DEX is impermanent loss when liquidity providers (LPs) have to join high-risk pools on Pancake. This makes half of their accounts exposed to a token whose price goes up and down with too much volatility.
— When users trade stablecoins on DEX normally, the slippage is too large, not suitable for trading stablecoins
YIELD FARMING
The yield farm projects that have high APY often return the token’s very high inflation rate. This makes users tend to pump all tokens after farming.
PLAY TO EARN NFT GAMES
The tokenomics problem in the game is quite difficult for many projects. And for us, we can balance growth and sustainability in the game and solve problems such as:
— the entry cost for new players is not too high, which can help attract new players
— The ratio of bonuses for old and new players is stable and fair
— tokens used as bonuses are not too inflationary
NFT MARKETPLACE
— Currently, marketplaces like Opensea have too many categories of NFT, or other marketplaces only specialize in pictures
— The community needs a specialized marketplace for NFT games to exchange, buy and sell items of each game

Q5. As I know this project is relatively new, you’re just getting started. Can you tell us about the progress you have made so far? What has been the most important update of the moment and what are you currently focused on?
Alex – Bunicorn just has successfully released Bunicorn DEX (https://bunicorn.exchange/) on 12 July. Our DEX got pretty impressive numbers with around $26M TVL and good trading volume. Despite $BUNI’s IDO was laucnhed at the time of the bear market but currently still has an ROI of x8 compared to IDO price (0.03) and was once a top gainer on Coinmarketcap.
We are running the NFT farms where users can enjoy juicy APR and receive NFT tokens as extra rewards to play in our game.
At the end of this August, we will be releasing the Bunicorn Game and Marketplace at the same time as I mentioned above.
On the other hand, our team is still exploring a new game with high complexity and more investment at the end of the year 2021.
These are other things in our roadmap in the upcoming future after the game and nft marketplace:
– The 2nd Bunicorn game launch by the end of 2021
– Mobile app for DEX
– Governance
– Synthetic swap and Derivatives
– Crosschain swap via Polkadot and Layer2 ETH
You can follow us at @bunicornswap for the latest updates!

Telegram Questions

Q1. I’ve noticed that Bunicorn uses amplified pools adopted from the Kyber Network’s DMM system. Does this mean that ưew can experience a safer slippage percentage? Could you give us an example?
Alex – As I introduced above, Bunicorn exchange has 2 types of pools: Stable pools and Flexible pools. Regarding the stable pools, we adopt Kyber DMM technology to ensure super low slippage and high capital efficiency for stablecoins. Kyber DMM uses amplified pools with dynamic fees that increase or decrease in periods of high or low volatility, respectively, according to an AMP factor. In this way, the DMM optimizes returns by reducing volatility.
We made an experiment ourselves the other day and the result was fantastic.
With the same amount of 10,000$ USDC to BUSD trading done on the Bunicorn and Pancakeswap, we received 11 BUSD more in return from Bunicorn
At that time, TVL on Pancakeswap was ~ $144M in USDC-BUSD pool alone, Bunicorn’s was only ~$5M
This proves that Bunicorn exchange provides much better capital efficiency, slippage & fee for traders while swapping stablecoins
This is our experiment: https://twitter.com/phuc_bunicorn/status/1425363784416129025
More explanation here: https://forum.buni.finance/t/bunicorn-owns-one-of-the-most-cost-efficient-stablecoin-pools-for-traders/113

Q2. Do you have AUDIT credentials or are you working to AUDIT your project, to make it more secure and reliable?
Alex – To further build a better version of the cryptocurrency market with maximum security, we recently have chosen Hacken (https://hacken.io/) — a leading cybersecurity consulting company with an essential focus on blockchain security — to perform extensive audits on our project. The audit took two rounds to complete. It gives us immense pride to declare that our smart contracts are secured.
Certik is also auditing us, hope the report will be out soon.
Bunicorn also hosted in Immunefi and Hacken Proof with the reward up to $50K without any vulnerability found so far.
We are discussing the integration terms with InsurAce to get insurance products for our TVL.

Q3. What use plans do the NFTs have within the ecosystem and in what ways are they going to be valued?
Alex – Unique BUNI NFT collectibles will be generated from yield farming on Bunicorn exchange.
Bunicorn NFTs are not only to be traded/exchanged on the marketplace but users can also play with our new game. It is how we combat the post DeFi liquidity crisis that every yield farming projects have to face. We add a soul to each NFT token, giving them a mission to help owners conquer new goals in our game. This brings a long term meaningful value, both financially and intellectually, to NFT tokens and its owner.
Apart from the Artwork/Gaming value, each NFT in Bunicorn is actually backed by real BUNI tokens, so it contains speculative value as well. It means you can see it as a bond to buy/sell/invest at a future price.
Our team just recruited a Veteran Game Designer in Vietnam, Vincent Vu. He graduated from Edith Cowan University, Singapore and has more than 11 years of experience in the gaming field. He worked with Scopely in WWE Champions and now have been working on Impostor Solo Kill that has more than 30 mil download within 3 months.
And TuNa – TuNa stands out as the Top 100 Binance NFT Creator. He is also recognized for his brilliant talent in his homeland Vietnam as the artist has published his #Hanoipunk (https://www.facebook.com/media/set?vanity=artist.tu&set=a.3220375038022130) and #Saigonpunk (https://www.facebook.com/media/set?vanity=artist.tu&set=a.3392884537437845) series, which perfectly blends the rustic charm of the two cities with fantasy steampunk elements. He will also take the role of the Art Director of Bunicorn’s the 2nd brand new game coming at the end of this year.

Thank you Alex (Head of Comms) and Community for participating in the AMA. Have a nice day.

August, 2021

CRYPTONATIONIN X TORUM AMA RECAP

Thanks to all for participating in our AMA with Torum. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this AMA recap is for you.

Introduction

Twitter Questions

Telegram Questions

CRYPTONATIONIN X BUNICORN AMA RECAP

Thanks to all for participating in our AMA with Bunicorn. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this AMA recap is for you.

Introduction

Twitter Questions

Telegram Questions