Category "AMA recap"

Dear Community,
Thanks all for participating in our ROBONOMICS NETWORK AMA. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this blog post is for you 

Introduction!

Mayank – Hello @akru_me @EnsRationis A warm welcome to CryptoNationIN. 🎉🎊

Sergei – Hello everyone!

Alexander – Hello👋

Mayank – Before we start, I request you to tell about yourself and about ROBONOMICS NETWORK to the community.

Sergei – Sergei, from Russia, working on Bitcoin projects since 2012, from 2015 with @akru_me we working on Robonomics project as a vision of Economy of Robots over Ethereum and other decentralized computers networks. Robonomics for our team is a scientific project, where we interesting to find approaches to solve the side effects of total robotization what happening on eyes.

Alexander – So, thank you Sergei. I also try to introduce myself a bit. I’m from technical side, got master degree at ITMO University for intellectual technologies in robotics branch. Develop for Ethereum from 2015th, for Polkadot we started works from 2018th, it was looks so perspective. I love functional programming as well, tried to bring something into Ethereum as Haskell Web3 library. Probably that’s all.

Mayank – What are your plans for Robonomics Network in 2020?

Sergei – I think @akru_me will be agree – Parachain on Kusama.

Alexander – Shortly, yes, main focus on Polkadot ecosystem.

Sergei – We spent last 2 years with focus on Polkadot ecosystem, and want to bring robonomics in 2020 more faster and more cheaper then robonomics works today over ethereum 1.0.

Twitter Questions 

Q1. Reading ROBONOMICS whitepaper, it’s too technical, so could you explain to me by simple words to help beginners like me understand about ROBONOMICS clearly?

Sergei – Here is how human-to-machine interaction works taday. You send financial transaction to bank, bank send event to it company and it company control or send technical transaction to machine.

Here is how it can be after first decentralized computer was invented. Today we can combine technical and economical data into one tx. That is simple answer to this question i guess…

Q2. Can you list 1-3 killer features of ROBONOMICS NETWORK that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

Alexander – P2P payment / task delivery layer for machines
– multiple network support: Ethereum & Polkadot
– strong integration with robotics
– wide academical robotics society

Sergei – And we have article Robonomics can (https://blog.aira.life/robonomics-can-72f631824670) where you can find some additional features.

Q3. I understand that it would take a frequent payment of XRT tokens to keep the equipment operational, really what would be the plans and cost of these services? How much and with what timing would it have to be paid?

Sergei – We expect suitable for IoT market price of usage Robonomics network when we will launch parachain in Polkadot ecosystem, Comparable with cloud-based IoT services like AWS IoT or Azure IoT. For now, Robonomics over only ethereum expensive and will be useful for very important transactions where iot devices involved in some sensitive processes in your company. As I can predict price will start from 5$ per month for your IoT device to be under Robonomics network control (launch, get telemetry, grant access to device).

Q4. PolkaDot Ecosystem is expected to dominate the second half of the year. As one of the IoT project that strives to continuously deliver innovations, what benefits and innovation does Robonomics bring to #PolkaDefi and the Polkadot ecosystem?

Sergei – Heh, our project is not DeFi solution, but we can contribute to decentralized finance ecosystem of Polkadot. I think, our parachain can be part of oracles services, when you will need to use IoT devices to make financial transactions for example.

Alexander  – In my view, it could be real-world cases like payments to the automation, which helps to improve the data openness the data collected by machines and defense machines from total control of corporations.

Q5. Where is Robonomic Network’s target market? What does the Robonomic team think of the Asian crypto market? Does the Robonomic team have an approach plan in the present at the potential market in Crypto?

Sergei – Our market is IoT, and if look deeper Smart cities + Industry 4.0 services providers. Asia for us big part of humanity on Earth 🙂 So we hope community will grow in Asia too, and regarding crypto – i hope every one who interesting in robotics and IoT solutions based on Ethereum and Polkadot will be with us 🙂 We living in the internet, in open and distributed internet, so we hope Asia community will find us and participate in a project like everyone other regions on the planet.

Telegram Questions

 Q6. As we know, every successful project has a few stories behind the scenes, what’s the story behind Robonomics success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming Robonomics updates that you want to show/share with us?

Sergei – Nice question! Read it – http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/idea.html.

Q7. Can you ELABORATE the main uses and practical use cases of Robonomic? Where can I use XRT & as an investment, can you give some main reasons why we should buy XRT tokens as a long-term investment?

Sergei – You can find R&D what was done around Robonomics here https://wiki.robonomics.network/docs/r-and-d-based-on-robonomics-network/. XRT (robonomics token) is protocol token, so you need it to connect your IoT / robotics under Robonomics netwrk control. Long-term investment: we will make Robonomics better and that should reflect on network protocol token. We are on the beginning, 5 years in robotics is time for first steps only 🙂

Q8. Earlier, I see that Robonomics focuses in software platform, Decentralized network providers, and some use cases based on your technologies, so Robonomics Web Services seems the new branch of evolution in Robonomics project, could you share details about it?

Alexander – Yes, RWS is generalization of our experience of last two years of development in something like solutions for growing industry, I can suggest this article: https://blog.aira.life/robonomics-web-services-overview-part-1-device-software-ec68eeb31244

Q9. What is main potential Threat do you see in the Blockchain Technology Currently?
What is the real problem project is aiming to solve with Blockchain?

Sergei – Public blockchains help us to use cryptocurrency as a money for robots and smart contracts as a liability contracts to get services from robotics directly. Lets make robotics more autonomously!

Q10. Can You talk about some Dapps development on Robonomics Platform? What role its Native Token plays in the ecosystem?

Sergei – For dapp dev : https://wiki.robonomics.network/docs/robonomics-js/

Q11. Do you have plans for Polkadot Ecosystem? How will you utilise it?

Alexander – The best points of Polkadot ecosystem is scalability and flexibility that’s really not enough in Ethereum now, it makes possible to do service fees low with the same level of security.

Q12. Can You talk about some Dapps development on Robonomics Platform?What role its Native Token plays in the ecosystem?

Sergei – Robonomics token (XRT) is protocol token so you need it to connect your robotics to network.

Q13. Why does Robonomics decide to choose an Heterogeneous tokenomics over an Homogeneous one? In a situation where by a network decided to use only one model, what’s going to happen?

Sergei – Heterogeneous tokenomics of the Robonomics network

Robonomics will make both models in the Robonomics network. Subscription model prevents unstable work for IoT devices, and the transaction fee model will grant access to the network without limitation in time and amount transactions per block. But in a resource race situation transactions from subscribers will be first.

In other cases, we will have a dilemma:

Use only tx fee model, and users will sometimes be in a resource race situation. Long term users will be affected. Strike User friendly on a dashboard.
Use only a subscription model, and lose on-demand usage for the network. 90% of ethereum users are unpredictable, they create a transaction once or twice a day and rarely go to 5–10 tx, in case they find something new. But they have been using Ethereum long enough and won’t stop using it. Value of the network will be much more if users will have access with a small payment in time.

Source : https://blog.aira.life/rws-overview-part-2-heterogeneous-tokenomics-afc209cc855.

Q14. What are the key points and advantages of Robonomics Web Services (RWS) compare to others such as Amazon Web Services?

Sergei – Decentralized computer to control your smart factory or subway in your city better than cloud-based services for IoT 😉

Q15. What is your VISION for Industry 4.0 and what role does RobonomicsNetwork want to play in this new era?

Sergei – The main idea of Robonomcis – a combination of technical and economical data into one tx is one of the most advantage keys in industry 4.0 imho.

Q16. How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for the them to let them better understand about your project?

Alexander – Currently, Robonomics makes the first steps for international community, it would be a pleasure to join some ambassadors and local community adopters.

Q17. I was reading a bit about your tokens and realized that some are more useful or important than others what is the reason why some tokens perform better than others and how does this relate to your protocol?

Sergei – Protocol token is a piece of network code, and has more functions in a network than asset token. That code controls algorithms (emission, gas to execute, slashing, weight fee, and more) and store global variables. As a result: some tokens reflect better to others for signals from an outside world.

Source https://blog.aira.life/rws-overview-part-2-heterogeneous-tokenomics-afc209cc855.

Q18. What do you consider to be the basic knowledge we should have before developing on Robonomics Network?

Alexander – It’s depend of your preferred role, for DApp developer standard Ethereum or Polkadot technology stack is enough, for robotics developer, the minimum is knowledge of opensource robotics ecosystem. Look up into wiki to decide the best way: https://wiki.robonomics.network/docs/#robonomics-network-quick-start.

Q19. Could you explain what Digital Product Passports are for and how they work?

Sergei – Digital passport is very simple but powerful. You can just collect telemetry from iot devices on factory and put data hashes in a public blockchain, and of course keep data into IPFS. That will increase trust for your products on an international level.

Q20. What is the main focus of Robonomics Network? What is the competitive advantage of this platform over other network?

Sergei  – We help robotics engineers find a scientific approach to use the new internet tech world.

Q21. Earlier, I see that Robonomics focuses in software platform, Decentralized network providers, and some use cases based on your technologies, so Robonomics Web Services seems the new branch of evolution in Robonomics project, could you share details about it?

Sergei  – Yes, new branch of evolution in Robonomics project is RWS.

Q22. Why are you developing Robonomics, as a #parachain and how can I install and run the Robonomics parachain collator?

Alexander – So, the parachain is pretty balanced between the costs of consensus and flexibility. Robonomics on parachain have better performance than on smart-contracts. But have similar interoperability and security, tokenomics included.

To join collators just launch the latest release: https://github.com/airalab/robonomics/releases/tag/v0.19.0.

Q23. Currently XRT is listed on few exchanges which are not so popular. Do you have a plan to listing XRT in a major exchanges? Is there a big factor in the development of a Robonomics Network project by listing their token on an exchange?

Sergei – I think Uniswap + 1 or 2 ex is enough today for Robonomics project.

Q24. Why Robonomics platform choose Ethereum Blockchain for it’s platform? Why not Scalable Blockchain as Ethereum have many Scalability issues?

Sergei – You know others decentralized computers in 2015 – 2016 ? Ethereum was our first place when we started in 2015, we will continue support eth, but before eth 2.0 will alive we will focused on Polkadot mostly. After Eth 2.0 will happened we will support to equal ecosystems Polkadot and Etherem.

Q25. Why Robonomics platform choose Ethereum Blockchain for it’s platform? Why not Scalable Blockchain as Ethereum have many Scalability issues?

Alexander – Ethereum was chosen in 2015, it was best solution (and single) that time.

Q26. From a long-term perspective, because of its great technology, I have no doubt about the future of blockchain technology and Robonomic However, in the short term, How will the Robonomic team balance the conflict between investor profits and the health of the project ecosystem, as well as pump dump mechanisms?

Sergei – Core dev team focused on R&D, and community will support all processes around software platform, developers should focus only on R&D and issues from community, no interventions to market.

Q27. The crypto-world is becoming overcrowded with blockchain projects and tokens. What makes Robonomics different from other projects?

Sergei – Maybe scientific approach, we keep in mind science as most important part of development project. Here you can find some scientific papers: for example: https://robonomics.network/community#science.

Q28. Which is the chief features of the ROBONOMICS NETWORK which makes it different among others?
Marketing & Awareness is one of the most Important factor for any project ! So, what is the Markeing plans of ROBONOMICS NETWORK for creating more awareness & Attracting new investors?

Sergei – We focused on supporting good practice from robotics side. For example, we support ROS.org which open the doors to robonomics network for hundreds ready to use robotics project.

Q29. The IOT ecosystem is already crowded by many established players, so what exactly will Robonomics be bringing, what’s your outlook on the future of IoT and AI?

Sergei – Here is what we bring for example https://blog.aira.life/robonomics-can-72f631824670.

Q30. ⭐️ Why do you consider that robotics technology needs blockchain? In what ways can robotics benefit from it?

Alexander – Good question.  The first, let’s split blockchain for cryptocurrencies and the ledger. The crypto helps to move assets, electronic cash increase speed of asset transfers in many times and it’s pretty native for robotics.
The second, technically robots don’t need ledger because robots don’t lie, but for communication with humans ledger helps to prevent double spend actions.

Q31. Robonomics network said it will provide two payment options (transaction fee model and subscription model) for IoT devices. Could you tell us why payments in a decentralized network is an area of concern for Robonomics? And how does a transaction fee model differs from a subscription model?

Sergei – Read carefully https://blog.aira.life/rws-overview-part-2-heterogeneous-tokenomics-afc209cc855 all answers for your questions here.

Q32. Why will only 50 RWS tokens be distributed? What is the purpose of this reduced number of tokens?

Sergei – Lifetime subscription and unique RWS token

The subscription model is under development right now. Daily discussions within the team about subscription architecture brought us to the specification of the first subscription RWS token in the form of a lifetime subscription. Recommend you to read Robonomics Web Services and RWS token intro.

Lifetime subscription token will help us promote Robonomics Web Services on the start, and what is most important — open Robonomics network for research and social impact data. In this case, the Robonomics network will begin gaining popularity not only as a way to connect but also as an infrastructure with realtime data for an application-specific layer.

We will give the tool for the Lifetime subscription token holders to activate and deactivate any account in the network as they want. Token holders will be responsible for the settlement of data, and if they settle useful for network users data, they will add value for the Robonomics network. That is the game — if lifetime subscription token holders activate accounts, which will settle valuable for the network data, that will reflect on Lifetime token price. Unlike XRT, RWS Lifetime holders don’t actually spend the token to use the network, it rather gives an access, but they should care what data they settle to be valuable participants in Heterogeneous tokenomics.

Q33. It is great to implement DAO that can be managed by the community, how can we help them to continue promoting this project? because if Robonomics wins, we all win?

Sergei – Yep we have now DAO on Aragon for collective decision by core dev team and we will bring dao mechanism for the community in this year too.

Q34. How is ROBONOMICS better than ethereum 1.0 and 2.0? Do you see it as a competitor?

Alexander – Robonomics will use ETH2.0 as uses Ethereum now as a transaction settlement layer, it’s a good friend, not a competitor.

Q35. What is your strategy to marketing and for Mass Adoption? What message do you want to send to community through AMA today?

Sergei – Building community who will have voice to make decision regarding of robonomics project future.

Q36. Thank you for this AMA and for sharing the vision of the project, technology and attractive features. My question is: What is the feedback you would like to receive from the CryptoNation community?

Sergei – Be involved in our project as a active member, share your ideas, try to find your interest in project and we will support you.

Q37. What tools does the Robonomics Network offer robotic engineers that other similar projects do not offer them? In what way is Robonomics better?

Sergei – Integration with ROS.org for example.

Q38. On which problems of current Market, Robonomics Network is working on? & How Robonomics Network Effectively solves that problem?

Alexander – On big view, currently, the market of IoT is totally controlled by corporations, we would provide an open source alternative for the community.

Q39. As a technological project, did you have any private sale, ICO, IEO? how is this project financed? 

Sergei – First stage funded by us (2015 – 2017), 2017 – 2019 (ico, where we collect 5k ETH), and want to launch Dutch auction to distribute XRT in the end of this year. You can find more here: https://blog.aira.life/foundation-of-the-robonomics-parachain-390dfac09e5d?source=collection_home—4——5———————–.

Q40. “MAINNET LAUNCH” is one of the strategies to attract users and achieve mass adaption. Does Robonomics Network has any plan about MAINNET LAUNCH?

Sergei – Look https://robonomics.network/timeline.

Q41. The project on the water drone sounds very interesting and will certainly be a great scientific contribution! By investing in Robonomics we automatically link to this project too? or is there a way to invest in it directly?

Sergei – Yep, we love this R&D project too ) and try to improve as we can. Read this: https://blog.aira.life/water-drone-2-0-first-stage-of-development-db8ad6c81d3c?source=collection_home—4——2———————–.

Q42. What’s the utility and real life use case and application of ROBONOMICS and what’s your competitive advantage against other iot Projects like Iotex?

Alexander – IoTex is a good project, in my view, but it’s trying to make all-in-one solutions, but the future is heterogeneous, for this reason, we build Robonomics on existing solutions, networks and technologies.

Thank you to Sergei Lonshakov and Alexander Krupenkin, and Community for participating in the AMA. Have a nice day 

Dear Community,
Thanks all for participating in our WiBX AMA. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this blog post is for you 

Introduction!

Mayank – Vagner , Edizon Eduardo, Guga and @cassiorosas Warm welcome to CryptoNationIN. 🥳 🎊

Vagner – Hello everyone

Cassio – Hello!!!

Edizon – Hello there!

Guga – nice to meet everybody

Mayank – We are glad to have you with CryptoNationIN. Before we start I request you to please tell about yourself and about your project.

Cassio – Hi, I’m Cassio, Head of Marketing and Strategy at WiBX. All communication and strategy work goes through the department. The work has been very intense and interesting.

Vagner – Hi guys I’m Vagner Sobrinho co founder of Wibx ecosystem I’m come from a 20 yeas developing retails system to most large companies in Bazil. Since 2015 totally focus on Wibx and this new ecosystem.

Guga – Basically we create a platform that we can help retailers to sell more, we use our coin wibx as a enabler of that. For example a retailer buy wibx and pay their clients who promote their services trought affiliate and social network.

Edizon – So, I’m Edizon the CTO of WiBX. I’m responsible to take care about all technology platforms, developments we use and technical integration with our customers.

Cassio – The project consists of decentralizing advertising. The platform covers marketing, engagement, activation and acquisition. Our main goal is to be able to be a digital medium for small and medium businesses.

Guga – I am a investor in the company and hlp to build the first digitl bank in Brazil (Banco Original) and Domo Invest a Venture Capital focus in the region with 3 unicorns already, Loggi, Gympass and Hotmart.

Mayank – Can you please tell the community about WiBX brands?

Cassio – The brands are of different segments and sizes. Retail is the focus. We have brands such as Allianz parque (football stadium), food service chains, fashion, among others.

Guga – Wibx works similar to a fidelity point and the retailer promote Wibx in our behalf and the investment part is goos, a lot of promotion trought the community that is very active in the region.

Mayank – And where you want to see WiBX in the next 5 years?

Guga – The idea in 5 years is to be the main fidelity coin in Brazil and in at least 3 other countries.

Vagner – We starts in Brazil because is a best labs to validate our propose of new paradigm. Ho make to people power to help brands directly from our on social network. With the scale of this in Brazil (more than 200 million people) we start a new countries with the same scenario like here.

Mayank – Amazing 👏🏻

Twitter Questions 

Q1. Can we monitor all transactions on the #WIBX infrastructure and off-chain? Is it possible to monitor user transactions on the network? How do you ensure privacy and anonymity?

Edizon – We prioritize anonymous transaction even inside the platform. All data is encrypted and minimum data for Brazilian law information is kept. Also we compliance with GRPD. As we use a sidechain with Fabric and Ethereum, our off-chain transactions will be possible to be tracked on the future by the own user by using a visualization permission that will we grant: as per Ethereum, only the user will know his address.

Guga – one good caracteristic of the wibx is to compare with a milage program of a airline, usually the milage is local and hard do exchange, we solve that problem as we can use the token in different ways, you can exchange for money, you can use to promote a product of retailer and receive wibx as a reward, send to your friends and use it to pay for goods on our partners and acquires that are connected in our network.

Q2. What is the roadmap for the next six and twelve months? The Covid-19 pandemic and global crisis is very complex , how will it affect #WIBX development plan? What is the future direction of this project?

Cassio – We have studied the user and shopkeeper experience a lot. This will bring a number of new features. The COVID-19 pandemic has brought a series of changes to the world. And in commercial relations. For us, it brought incredible opportunities. Internally we adapt quickly to remote work. Externally with the community and our customers we become even more relevant, as our process is all digital and helps the distribution of content and advertising, as well as the users who earn when they share. We also have our social project. Where WiBXs that are distributed through advertising if they are not used within 03 months, all of them are donated to an institution (ONG) for social and digital inclusion. In this way, both WiBX and its customers and users collaborate directly for a better and more balanced world.

Guga – we also have a shopping in our wallet where you can spend your wibx and is a good place to sell products as we have a lot of users.

Vagner – Important to say here digital marketing before covid is not used by large community of small entrepreneurs.

Q3. The WiBX platform offers support and assistance to organizations focused on digital inclusion and social welfare…. What tools have you developed to make people opt for cryptocurrencies as the main method of trading?

Cassio – We believe in a fairer world. That is why we have the social project, in social and digital inclusion. As I put it above. Regarding the use of cryptocurrencies as the main means of payment, we are seriously working on APIs and means of payment and with that bring the real economy into this universe and also take the crypto universe to the real economy. In addition, decentralization brings security and speed to all processes.

Vagner – The main tool that we’ve developed to call people’s attention to consider the use of crypto instead of the main methods of trading is our Fidelity’s platform, https://fidelidade.wibx.io.

Q4. I see many stadion name (allianz parque) in your partners list…I want to know in what way they are connected to WiBX and how will these partners contribute in WiBX’s growth.
And how can you deal with security?As you know security is the big challenge in any field?

Vagner – The Allianz Park stadium got interest in using the WiBX system with the intention of divulging their events, in which goes from Sports to E-Sports. Allianz is one of the main show stadiums in Brazil, like Bryan Adams and so on.

Q5. I am interested in the rewards system that WiBX offers.. what status must a user achieve in terms of commitment and actions to participate in the rewards system of your platform and how benefits can this be?

Vagner – First, you only have to create a WiBX wallet. Second, access the Fidelity page. Third, Share the publications in your social media. Congratulations, you’ve earned WiBX. There’s no need for a particular status.

Edizon – Regarding Security: our system is designed with decoupled from our APIs to our Backend. Also we have our normal set of WAFs and Protections Interfaces as some patterns testing the platform exhaustively trying to find breaches. 

Cassio – That simple!!!

Q6. I was reading about some of the privileges of certain subscribers about “real-time monitoring”. What requirements must users meet to use the monitoring tool in the real-time dashboard? What advantages does this offer over the rest?

Edizon – Our main goal is to have enterprises using our engagement process. Our administrator portal provides real time about those engagements and payments made for it. You can track how many clicks you have, and one important point: is not only a share… It`s a share AND a click returning from it, so the enterprise can have accuracy on how the engagements are flowing.

Q7. What technology stands behind WiBX and What are its advantages?

Edizon – We are an ERC20 token on ETH network. Also for our platform we have a SideChain using Fabric (Hyperledger) for our off-chain transactions. Then our systems are based on Messaging system (AMQP) by a complete isolated interface from API to Backend. We mainly use NodeJS with Typescript, Angular and GO. The state of art in terms of programming technics also supported in the beginning with Reasearch Group Collaboration with a very respectful university called ITA the Institute of Aeronautic Technology.

Cassio – The benefits are numerous. From what technology provides, such as transparency, security, decentralization and agility. For the economy, it brings a new “actor” with possibilities to add value to companies and move the economy, even generating a new income supplement.

Telegram Questions 

Q8. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to $WIBX and keep them long term?

Cassio – Perfect! In fact, marketing is essential for us. We have worked on many fronts, both in terms of positioning and understanding and in the distribution of content in different channels and formats. We work and believe in our community that is growing day by day. We also have a series of campaigns, including, recently, with the main influencers of Brazil.

Q9. Every blockchain-based projects showcase the benefits of their platform. In the case of WiBX, what can users benefit from and gain from the platform?

Vagner – There’s no need to spend anything in order to earn WiBX. You only have to share posts and it’s as simple as that.

Q10. #WiBX has been great, but as an investor, we’re always concerned about the loss of hackers. So #WiBX has any mode to help users like me more secure?

Edizon – We have implemented 2MFA and biometric authentication for users. Talking about the Backend we have analysis frauds system that can block system to withdraw values in a suspected moviment. And we have our patterns helping us improving our security each day by searching by vulnerabilities.

Q11. What’s the main usefulness of WIBX to we users? How can we benefit from it?

Cassio – The main utility is to be able to give “voice” to consumers with our token and our platform and make them part of the companies’ advertising process, where companies are able to reward their consumers with WiBX. The benefits are innumerable, but among the main ones is being able to exchange your tokens for products or services within our platform or to exchange for money in an exchange where we are listed.

Q12. I would like to know about the impact that a multifunctional market can have on blockchain …  Why is Wibx considered as a multifunctional market platform? What characteristics must a platform have to be multifunctional?

Vagner – We have an earning system between centralized media a payment system between our wallet and a shoping system who helps small entrepreneur to showcase our products. Yes we see like a multifunctional platform.

Q13. (i) Really what is the mission and vision of this project? Do you simply develop a platform that facilitates the sale of merchants’ products, while rewarding users by posting them on their social media?

(ii) Could you spend the whole day posting the products that are on WiBX on all social networks? How much could you earn from earnings per day?

Cassio – Our mission is to be able to give “power” to micro and small entrepreneurs and, with that, to be able to participate consumers in the advertising process. In a simple and safe process. About your second question, yes, a user can spend all day sharing content, including people already doing it. The limit that a person can earn is related to the rules of each content, that is, how much each company is “paying” for each user action. The possibilities are literally endless.

Q14. The business model is a fundamental piece for the growth of any platform in blockchain. What type of business models have you developed in WiBX to expand and distribute your services or products to different communities?

Vagner – For companies, we have different types of signatures, where you can choose the amount of WiBX you’ll start and whether you’ll have some extra benefits or not. In any case you’ll end up winning!

Q15. Atlas Quantum was one of the biggest scams in Brazilian history and that leaves me with my feet behind any initiative coming from Brazil. What’s your backgroud in blockchain? What kind of WiBX security can you offer your customers and investors?

Edizon – We are listed on the biggest America Latin Exchange called Mercado Bitcoin. We have a spread of 150% on the day of our launch at Mercado Bitcoin and we are the top MOST TRENDED Coin for some days: even more than Bitcoin. We have a solid book of features to offer to customers and a many ongoing contract with Big Market Players like already mentioned Allianz Park. We are more than just blockchain: we provide to customer an experience how to use blockchain.

Q16. According to your website, WibX is a crypto jumping coin? Can you explain what you mean by that? Also, you claim WibX is the FIRST mass usability utility token. Can you give us statistics to substantiate these claims?

Cassio – Well, let’s go. The jump is very much related to our positioning. Our brand has the image of a tree frog, and this type of tree frog jumps 20x its size. With that, we strongly believe that what we are doing has a lot to do with it. We are taking a “quantum leap” in commercial and advertising relations. As for mass usability, we did a lot of research from 2015 to 2018. In our whitepaper, the data is consolidated and well explained about it. Access this link to access it: https://static.wibx.io/whitepaper_en.pdf.

Q17. Currently in crypto , there are lot of platform which provides many features & have multiple products ! So, Which unique features and products are provided by WiBX to any user ?

Vagner – Our platform make available public’s engagement in such level, outstanding any other services in that matter.

Q18. DeFi is one of the hottest topic in the blockchain space right now. Can $WIBX share your opinions on DeFi with us?  Do you think that DeFi will disrupt the existing financial system? What is Unification approach towards the DeFi sector?

Vagner – We are very enthusiastic of DeFi economy we most believe in countries like ours this cam help to cure social inequality, corruption and improve exchanges relationship between people. No matter what they are.

Q19. Your logo look like a frog, what does it represent and what os its meaning to WiBx?

Cassio – Good question. This type of frog we use jumps 20x its size and we believe that what we are doing represents a leap in commercial relations and for the inclusion of people and businesses. About what WiBX means comes from the words in English. Wonderful Internet Business Xchange.

Q20. Am interested in monetizing my information and data shared on social media, how does Wibx help me monetize my online activities. How do I get started on wibx, would I need KYC??

Vagner – In Brazil, you need KYC to change crypt in to a fiat currency.

Q21. Revenue and adoption play crucial roles in every crypto projects, and you have been in crypto field for a while now, What way are you planning on generating revenue and adoption with your technology?

Vagner – Operations within activities in the internal wallet as well to external wallets have tax fees of o,2%.

Q22. How WiBX maintains and controls flexibility, cost and security which three important things on blockchain?

Edizon – Regarding costs we have different approach from Exchanges. We don’t charge hard high fees on transactions. But we charge a little. Also our wallets are responsible for paying the customer GAS. So the customer don’t have to care about charging Ethereums to make a transaction.

Then we have to group transactions: microtransactions are grouped to cost one GAS instead of many. Out algorithms try to keep a number of grouped transactions and the fees it will generate on the same level of GAS it will pay.

Regarding security: each transaction happen on the platform is sidechain registered on Fabric and Ethereum so the user can have traceability of what is happening.

And about flexibility: we are an ERC20 token… we run over Ethereum network, so you can do whatever Ethereum can do.

Q23. The Brazilian people are struggling to save money and lack financial education. What kind of actions does WiBX intend to take to educate people about cryptocurrencies? What benefits will people get from using WiBX?

Cassio – Good question. In fact, Brazil is going through this phase and needs a lot of financial education. In addition to our social project, which we mentioned above, we weekly promote “lives” with people from our team and “heavyweight” guests from different sectors, showing the advantages and functioning of our system, as well as the entire financial and crypto universe. About the benefits with WiBX, there are many. Because in addition to decentralizing advertising, we participate the consumer in the whole process. Where it is possible for him to have a new income and with his WiBX exchange for products or services within our platform, or even exchange for money in any exchange where we are listed.

Q24. What measures are you taking to ensure the confidentiaIity of the data of the users? How vulnerable are your technologies to cyber attacks and hacking of user’s data?

Edizon – We have systems in compliance with GRPD. We use minimum SHA 256 cryptography and minimum possible access to systems. No transaction is displayed with user data and customer documents like passport are stored but no read from any Frontend system.

Q25. How does Wibx choose retailers to partner with? And what are the benefits of partnering with Wibx for these retailers?

Vagner – It is available for any type of company or business. There is no one choosing who can enter or not. Our platform make available public’s engagement in such level, outstanding any other services in that matter.

Q26. I think the option of being able to pay with $WiBX is great, so I’m interested to know, what kind of establishments currently accept your token?

Cassio – This is really cool and we are always very excited about the new possibilities. Quickly and simply on our platform we can already know which locations they receive, but responding we currently have the most diverse segments. From small businesses to large retailers. From gastronomy, through fashion to services. Our plan is to cover as many establishments as possible that accept WiBX as a means of payment.

Q27. What steps should you take as an entrepreneur to enjoy WiBX services? Do I need to be a great company to be able to share my products on WiBX? How much would each publication cost me?

Vagner – Every entrepreneur can use WiBX platform he only need is a good product and signup you business we have free plans to neet our potential and payment plans with premium features. Our profits come to a small fee 0,02% in any transaction made, even in none WiBX wallets. And in revenues is our premium plans.

Q28. Currently in crypto , there are lot of platform which provides many features & have multiple products ! So, Which unique features and products are provided by WiBX to any user ?

Edizon – We are not an exchange. We don’t provide tools for trading. Our main business is the engagement at social medias. Enterprises pay for this work of posting a advertisement and receiving an engagement back.

Q29.  What is target market WiBX? What does the WiBX team think of the South Asia crypto market?  South Asia is an area that is currently potential & many projects are competing to get investors there, does the WiBX team think of the South Asia crypto market? Does the WiBX team have a planned approach in the potential market in South Asia?

Vagner – A portion of the market is the gaming industry, as one example o target market. In regards of Southern Asia, Our external team have already been working with this market.

Q30. Can we use WIBX coin as payment? If yes, then WIBX transactions are untraceable. Then, How any merchant verify that payment is made by me or anyone else? Do you have any solution?

Cassio – As Jack would say, let’s go in parts. First, yes, it is possible to pay with WiBX. Second, payments are recorded, however, maintaining the blockchain’s anonymity structure. Through our system, the merchant gets to know who made the reservation or purchase and make it happen. At the physical point, via QR Code, confirmation is made at the time of payment, as with any other means. And in the case of using API, via e-commerce, for example, confirmation is immediate via the system.

Q31. How can you monetize your content, services or products on the Wibx platform? Who determines the value of this data?

Vagner – With client’s users who’s make a promotion job in exchange of valid share of this content.

Q32. What problem of the modern world is WiBX intended to solve? Can you see some real world examples of WiBX use and application?

Vagner – We are currently looking forward to solving trading issues. What neither Bitcoin or any other token succeed to do. You can visit the site Petz.com, a big petshop chain here in Brazil, and this is one of the examples we have. To trade WiBX for products.

Q33. WiBX is really great !!, I can acquire money only sharing products by my social networks, but is there a limit of products that I can share? Or can I share all the products found on the platform without any cost or restrictions?

Cassio – There is no limit, you can share what you think is worth or whatever is available.

Q34. Most of investor just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors Wibx to long term?

Vagner – Excellent question, in the long term we working to really promote the day by day use of cryptos. Today less then 0,01% of people knows and have crypt. But the most powerful value grantee is on this utility in people’s life.

Q35. Wibx metamorphosis is a laudable one, how have you been able to survive this longest bear market and continue building and developing cos many projects have died out in this time period?

Cassio – It really is not easy. And add to all that undertaking here in Brazil !!! But we believe a lot in what we do and how much it can really transform the economy, business and people. This mission moves us and all obstacles we face in the best way.

Q36. What are the advantages of the Wibx system itself over traditional systems? Marketing is an important part of any project. How will the Wibx team turn their community into business “partners”?

Cassio – Excellent question. The main advantage is in our business model. Decentralization of advertising was only possible due to blockchain technology. All of this together is one of our great differentials. Marketing is a key process for us. We take our community very seriously and everyone from the beginning ends up being “partners” in the process. The company, because it has its gain in having people distributing its contents (promotional or institutional) exponentially. Users come in as part of the process and are literally, literally, earning for it.

Q37. Is there any tend to burn some tokens of supply in the future to stabilize the price? Do you intend to expand in the Middle East?

Edizon – We already burned our reserved amount after ICO. We have to have a great amount of supply for our ecosystem: we want each user paying for it’s coffees on a restaurant, and for that we need this supply to support the whole world.

Q38. You have proven yourself well in Brazil, but are you planning on mass adoption of WiBX technology around the world?

Vagner – Yes, There is certain facility to adopt such projects in other markets around the world, once here we are going through hard times economically and socially, it makes of Brazil a perfect place to test our platform at its best.

Q39. How does WiBX plan to decentralize advertising and provide additional income for people in Brazil and around the world?

Vagner – Given the people the power to promote wherever he wants and to entrepreneurs the help of your own clients skipping the middle man and making this process more accessible to all.

Q40. We can say that entrepreneurship is a Heculean task in Brazil. After the pandemic, this situation seems even more serious. How did WiBx manage to overcome the barriers of bureaucracy, the distrust of financial agents to continue its business?

Cassio – Good question. In fact, undertaking in Brazil is a herculean job. During the pandemic we immersed ourselves further in our processes. At first, like everyone, it was not easy, but we managed to get here unharmed and more united. Regarding bureaucracy and financial agents, we have always done a very serious and correct job from the beginning. It is not easy, but it is possible, it takes a lot of work, but it is rewarding. Being recognized and approved by regulatory means only gives us the certainty that we are doing everything that needs to be done and that brings tranquility and confidence to customers and users.

Q41. Currently the world is experiencing a global crisis due to Covid-19 and several projects have declined. My question , What is the vision and mission of the WiBX team to make this $WBX token have very high demand during Covid-19?

Vagner – Our platform helps sales and payment on distance.

Q42. Can you talk to us about the current regulatory landscape and what you’re hoping to see with regards to regulation in 2020? Does WiBX have support from the community and the government Brazil?

Vagner – Brazil have already been learning how to work with blockchain technology since 2009, in this case there is already many ongoing tests on how to better this technology. Do you want to learn everything about that matter, watch our live: https://www.youtube.com/watch?v=ALG2u6rWMTw. There has been going lots of debates around it here, and it is evolving.

Q43. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates about WiBX?

Cassio – Very cool your question! We take our community very seriously. We have many channels where we work on news about the project. News, new players, features, partnerships, all this and more, are always on our official channels. Our website, telegram, Instagram, Twitter, YouTube, Facebook, LinkedIn.

Q44. We can say that entrepreneurship is a Heculean task in Brazil. After the pandemic, this situation seems even more serious. How did WiBx manage to overcome the barriers of bureaucracy, the distrust of financial agents to continue its business?

Vagner – Offer our solutions in low cost even free for most of entrepreneurs, a lot information. From ours channels and education from this new economic model.

Q45. You have proven yourself well in Brazil, but are you planning on mass adoption of WiBX technology around the world?

Vagner – Sure first Brazil an then the other countries thats the reason we have reserved so many supply.

Q46. How does WiBX plan to decentralize advertising and provide additional income for people in Brazil and around the world?

Vagner – Belov, this is already a reality. The decentralization of advertising is to include the end user, the consumer in the advertising process and not just as a receiver, as is the case today. In addition to being part of the process, he gains from it. For companies, it has a gain, both in cost and in particular in acquiring customers and in the exponential potential of content distribution.

Q47. From a startup project to a mainstream project, being a pioneer in the industry, do WiBX team anticipate that many new startups will show up and compete?

Vagner – Our team is currently preparing for a meeting with BRICS.

Q48. How the WiBX machines manage the off-chain transactions and how they keep the balance between the off-chain and on-chain data?

Edizon – We work on microservices pattern. The are two services responsible to keep off-chains and blockchain transactions: Finance and BCH (Block Chain Handler)

Each transaction you execute is registered at our finance system first. There is general ledger taking notes of each credit and debits.

Then finance talks to BCH and BCH have now more 3 balances. Internal database, hyperledeger and Ethereum.

We use a technic of journals ver microservices and to keep all our logics of grouping and sync those transactions. This is core of synchronism: the logic we have built based on those Journals and some informations from the network like GAS we should pay.

Q49. WiBX is focused on retail. How do buyers and sellers of goods benefit from using WiBX?

Vagner – Companies do not pay any tax by using our platform, therefore they keep their earnings if they want to.

Q50. I’m interested in contributing to WiBX, Do you have a Global Ambassador Program, if yes how do I apply ?

Cassio – OMG !!! Our focus is still on Brazil, but we will prepare models for other countries soon. Stay tuned on our channels !!!

Q51. Brazil has become famous as a haven for scams, which is very negative for the spread of cryptos in the country. How can Wix help to reverse this negative image and convince people that they can believe and trust the cryptos?

Vagner – Been proud in making the whole process in Brazil. Been a Good example of project and stay away of scammers an indecent proposes.

Cassio – Please note that. WiBX is the only token listed on the largest Brazilian exchange and also the largest in Latin America. It’s called Mercado Bitcoin. In his debut here, he traded volumes larger than bitcoin itself and was featured even in coinmarketcap.

Q52. Tell us more about cooperation with the ITA Institute and how they help to improve the Wibx system?What are the benefits of the Wibx blockchain reward system for a worldwide retailer?

Edizon – ITA and WiBX had a contract of Research and Development deliveries since the begging of the project. Our CEO was clear about that: he want the best research’s results for his Company.

So the Research and Development team had an important paper on the basis of our system and architecture development and afterwards with many testing and Artificial Inteligence proposals.

Thank you to Vagner Sobrinho, Edizon Eduardo Basseto Junior, Guga Stocco and Cassio Rosas and Community for participating in the AMA. Have a nice day 

Dear Community,
Thanks all for participating in our UniWorld.io AMA. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this blog post is for you 

Introduction!

Mayank – @joey_jaz welcome to CryptoNationIN 🎊. We are glad to have you here 🥳

Joey – Thank you Mayank, the pleasure is mine.

Mayank – Before we start, I request you to tell about yourself and about UniWorld.io to the community.

Joey – UniWorld started quite a while ago during the early Ethereum days. We wanted to solve the scalability, interoperability and regulatory issues with e.g. the ERC20 protocol and Blockchains in general. Because we didn’t want to raise any money before we had an actual product, we skipped the 2017 ICO wave and focused on R&D using the revenue we make from our bot solutions. Now we are at the mainnet stage and our products, though rough, are ready for the users.I come from a regulatory, marketing and tech space. I work on AI and technical talents with bitgrit.net, on compliancy factors with the Security Token Alliance and a whole bunch of other things really. Here is my LinkedIn for an overview: linkedin.com/in/joey-bertschler/.

Mayank – Could you please tell more about your products (UniChain.World, UniBot and UniMe) and what they mainly featured for?

Joey – UniChain.World is a highly scalable Blockchain wth interoperability features. Other projects can be added or “mounted” on top of it and our smart contracts can be sophisticated and complex enough to follow regulators requests.

You can find all of our technical details neatly organized here:
https://bitcointalk.org/index.php?topic=5255376.0 (Forum)

And in Detail here:
https://docs.google.com/document/d/1qxP3x7u0Bq68dHfRYvJsGX8_jr14tZlhuTsaGzpeOpA/edit?usp=sharing (Whitepaper).

Mayank – UniChain https://docs.google.com/document/d/1qxP3x7u0Bq68dHfRYvJsGX8_jr14tZlhuTsaGzpeOpA/edit?usp=sharing.

Joey – We have 2 other core products namely UniMe and UniBot. UniMe is a highly sophisticated messenger with additional functions. (You can create your own chat bots, integrate your crypto wallets and the live deletion of your background data enables privacy unseen in virtually any other apps). UniBot is our Chat bot solution. Similar to GPT-3 we use huge amounts of data to train the modules they run on, but the data we select, though its a lot, is edited and filtered beforehand to create custom solutions for our enterprise partners.

There are also simpler bots for users to use for fun or as individual. They can be upgraded, changed, embedded and so forth depending on what the user wants.

Mayank – UniMe’s whitepaper https://docs.google.com/document/d/1vfDhIQj-pzU02lHPc3DOIkRFvQ87T2dge0DNzkdzyuM/edit?usp=sharing.

Twitter Questions

Q1. There are so many projects that only exist for a moment (dead on the road,so many investors are traumatized by new projects). the question of how UNW project can survive, continue to grow & in what way you convince investors that this project is very promising?

Joey – This is still a big issue. In 2017 over 80% of projects were scams. Some couldn’t, and some never intended to deliver.
Now it’s 2020 and the public has grown highly sceptical of fundraisers especially ICOs (as they should be)

Uni works with or without funding. If we get the support we are looking for quickly, we will scale accordingly. If not, things will simply develop more slowly. Our channels have never been quiet for several years either. Anyone can contact or ask us anything at any time and each of our core members is quite accesible. I think this makes for quite the big difference.

We are not living out of suitcases with PO addresses for example 😉

We convince investors in quite the simple way: Here are our bots (we show them an example) here are our numbers (we openly show those, very transparent approach) and then they invest if they want to invest in the tech space.

We had quite a few offers over the years, but we didn’t want to give up any equity and also finish our products first. At least to a degree where, even if it’s a bit rough, everything runs.

Our initiative right now is really more of a stress test phase.

This project won’t make a huge and sudden impact like the iphone did back in the day. Our approach is more that of a 7-eleven. We want to increase utility, offer more products and services and refine those and suddenly Uni is everywhere before you realize it.

We derive our value from our products and not an expectation of a high-value exit. It’s the same philosophy Roger Ver applies in his quest to improve BCH (as opposed to BTC maximalism).I was hoping the users that ask these questions could join the chat for a conversation. If anyone has any questions at any time, please don’t hesitate to send us a message. Be it on the Bitcoin forum, via one of our emails, on LinkedIn or elsewhere. We will always get back to you.

Q2. It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make UNW more valuable and what’s your plan to maintain token price and supply?

Joey – I somewhat answered this question above unintentionally. You can put any price tag on a token and it’s essentially meaningless. Either all of the tokens are immediately sold or there is no liquidity and the tokens stay in place in the case of broken projects – this is probably what this question refers to.

UNW can be used
as a secure, low-fee transaction method (dust-level)
to run bots
to build on UniChain
to stake

but also further down the line to e.g. buy physical products, play in online casinos, tip people, to hedge with other cryptos and much more. The main reasons for this are:

1. The interoperability of our chain and bots means they can both be easily utilized by other projects and we can easily work with other projects ourselves.
2. Also for the reasons stated in 1. we chose Solidity as coding language. Ethereum has a vast community of dAPP devs and devs in general that will find it attractive to use their skills on more platforms. In more general terms there are use cases across supply chains, health care, real estate and so forth – all of which Uni is working on.

Here are the Whitepaper links and our overview post. I will post it again neatly to make them easy to find

UniMe
https://docs.google.com/document/d/1vfDhIQj-pzU02lHPc3DOIkRFvQ87T2dge0DNzkdzyuM/edit?usp=sharing

UniChain
https://docs.google.com/document/d/1qxP3x7u0Bq68dHfRYvJsGX8_jr14tZlhuTsaGzpeOpA/edit?usp=sharing

Overview (Forum)
https://bitcointalk.org/index.php?topic=5255376.0

One important note I want to make is the teams origin. Aside from me, there are virtually no native English speakers, so there will inevitably be quite a few spelling errors and a certain degree of a language barrier.

Q3. What kind of blockchain is UNICHAIN? And, how will UNICHAIN solve major blockchain problems such as lack of scalability and security, lack of standardization: limited interoperability and Integration with legacy systems?

Joey – UniChain is what you can call a multi-chain. It can get quite technical quite quickly from here on out, so if anyone wants to look under the hook, please contact us anywhere and we will happily go through the codes, bits and bytes with you 😉

In simpler terms: The Chain combines DPoS and HotStuff to reach a low trade-off high scalable performance with the virtually lowest transaction fees possible.

Here is a little overview on the chains stats:

Cryptography algorithms: SHA256, SHA512, Keccak256, Keccak512, Elliptic Curve Digital Signature (EDCA).

Private keys on UniChain: 256 bit long (64 hex characters) and start with the letter U

Consensus algorithms: DPoS-Hotstuff

Active witness nodes: 33, alternative witness nodes: 22 (55 in total)

Total UNW supply (fixed): 1.000.000.000 (In words: one billion)

Block time: 1 – 3 seconds

Smart contract language: Solidity (compatible with Ethereum)

Inflation rate < 1% per year (may be zero or go negative, depending on transactions in the network).

Here are some good links explaining the individual parts. We put our graphics, code, algorithms and so forth into our White papers for anyone interested in the details.

What is DPoS – Binance Academy (3min)
https://www.youtube.com/watch?v=OVKAOwzAwHI

HotStuff – Cornell University (Paper)
https://arxiv.org/abs/1803.05069

Blockchain Investor Guide – Investopedia
https://www.investopedia.com/terms/b/blockchain.asp

More Uni Contacts:
[email protected]
[email protected]
[email protected]
[email protected]

Uni Links:
Account Website: : https://accounts.uniworld.io
Bitcointalk: https://bitcointalk.org/index.php?topic=5255376.0
GitHub: https://github.com/uniworld-io
Project overview: https://accounts.uniworld.io/public/docs/uniworld-overview-2020.pdf
Technical whitepaper: https://accounts.uniworld.io/public/docs/UniChain_WhitePaper.pdf
Telegram group: https://t.me/MiaworldMultiple
Telegram channel: https://t.me/UniworldOfficial
Twitter: https://twitter.com/UniWorldio
YouTube: https://www.youtube.com/c/UniWorldEcosystem
Facebook: www.facebook.com/UniWorld.io
Linkedin: www.linkedin.com/company/uniworldcorp.

Q4. Why should any Developer build on Uniworld Network rather than any network? And Can you tell us the difference between Current Ethereum based DApps & Unichain based DApps?

Joey – One of the major issues e.g. CryptoKitties had was scalability. This is quite a beaten horse as a topic by now, but it remains a core issue. Many chains solve scalability only at the expense of sacrificing a certain degree of decentralization or security. Uni can realistically perform to the degree necessary for sophisticated dApps + developers that have been working on Ethereum and ran into a barrier can work with UniChain. They can continue on in Solidity too. Same with other Blockchaind evelopers. This is why Unichain focuses so much on interoperability and high scalability. A million transactions per seconds is no easy feat.

Q5. Uniworld’s two main flagships are Unibot and its own Blockchain called Unichain could you describe what Unibot is, what kind of protocol and what TPS does Unichain achieve and how are these solutions intereconeced with UniMe?

Joey – UniBot is an advanced chat bot with smart contract features. The bots themselves can easily be modified to serve whatever function they are needed for. Unichain is not build on top of any other Blockchain, so there is no ERC20 or ERC1440 protocoll involved per se. Of course any other project, including projects build with Ethereum can in turn be build on top of Unichain or alongside as a side chain to solve scalability issues. In the later case, Unichain helps out with higher amounts of transactions. For how exactly that works, please refer to our White papers, look up side-chains and multi-chains or hit us up with an email.

UniMe is essentially the mobile app. By itself it’s a highly secure messenging app with a wallet, but it is also used as an extension of UniChain and UniBot. Think of UniChain as a nexus.

Telegram Questions

Q6. I’m aware that the presale of UniCash (UNW) which is the native currency of the UniWorld.io ecosystem is around the corner. Can you explain more about it? What will the total supply, hardcap, average price and method of payment be?

Joey – The total supply is 1,000,000,000. This is also the overall cap since we will not mint any new coins either.
The initial average price is 0.34 USD. We aim to list on exchanges from September onwards. This is also why the initial way to get UNW is trading it with BNB. Users acquire UNW by trading it with BNB in the beginning. More payment methods and trading pairs are arranged for the later rounds.

Here is an overview on our blog:
https://uniworld.io/2020/06/30/details-about-the-unicash-pre-sale-round/.

Q7. What is your long-term vision about the industry which Unichain project is working at ? Cryptocurrency industry is always thriving, what plans do you have to keep up with technology trends?
What are the main utility and real-life usage of the Unichain As an investor, why should we invest in the Unichain project as a long-term investment?

Joey – Uni is in a nutshell a very scalable Blockchains. 1M TPS means it can actually meet the demands of sophisticated dApps and many BC use cases prior only possible in theory. Uni often mentions “For Block of society” which is in a way code and stands for our Society 5.0 initiative. Here is a Link on what that is:
https://www.youtube.com/watch?v=SYrv6kOsU1o.

Smart devices are fed with live data, this data is prior fed to the Blockchain where its strenghts as immutable ledger that doesn’t require trust are put to good use.

As investor, you may want to buy in early as an early adopter, use UNW for one of your businesses (UniBots) or even just keep an eye on the project if you are unsure at the moment – it won’t take long for more and more applications to pop up now that we are going live and you can judge based on how well everything performes.

Q8. What business scenarios can UniWorld support now ? In what Industry can we see a mass adoption of UniWorld technology in the near future?

Joey – Anything you can do with virtually any other Blockchain in theory can be done with Uni in practice. Insurance, health care, logistics etc.

Q9. On top of your recent UNW airdrop program and the referral program on the neat website you got, what else will be the teams’ marketing strategy to attract new users to the platform, specifically no-coiners.

Joey – Good question! Attracting ‘no coiners’ is currently not our primary objective, but as was seen with e.g. CryptoKitties, it takes but one app to make waves and Uni offers the scalability for them to actually run. Most applications mainstream success will highly depend on how easy they are to use. Users might not even notice they are running a dApp or that they are paying with crypto if it’s simple enough. Think in-game currency, point cards and buying gift cards from stores all of which are not based on FIAT either (tho those are minor every day examples not comparable with the enterprise solutions we aim for).

Q10. Explain the Unichain blockchain in detail, how does it solve the scalability, security and interoperability issues? Why do you need your own blockchain instead of building on an existing chain?

Joey – In a nutshell: limited transactions per second. Ethereum was simply not fast enough for anything Uni wanted to make possible, so the R&D team of Uni built one from scratch.

A good example is the still in use ERC20 protocol. It’s simply not complex enough to support compliant transactions so it’s unsuitable for complying with the SEC’s regulations yet many projects issue tokens based on this protocoll in hopes a simple KYC process will sufficient.

The canadian project Kik for example, despite owning several licenses and running different tech, was fined for $100 million by the SEC.

ERC1440 works in terms of complexity (though with some minor compromises), but runs into quite a handful of other issues even though the smart contract would be able to be compliant with every law it needs to be, it wouldn’t work in practice for performance reasons.

Uni solves these issues with it’s DPoS + HotStuff approach.

Q11. In the past ten years, many big brands have been attacked by hackers, such as Yahoo, Facebook, Google, Apple,..and have caused huge losses to the company and users. RECENTLY Twitter was hacked

So how does Uniworld solve this problem and protect users and content producers? What do you think is the greatest value Uniworld brings to users now?

Joey – For Blockchains like ours, human error is the biggest issue. No matter how secure the chain is or how ell everything is designed and backed, if someones computer or private key is compromised there is hardly anything we or for that matter any project can do.

If for example you save your private key in a word document or you enter it into a pishing site or anything of that sort, then the error simply happens outside of Uni. Facebook &co. are not really a good example here. They are tech giants and their scandals and projects aren’t Blockchain. Excluding Libra& similar of course but those have yet to be released and hacked. The greates value UniWorld brings is a fast Blockchain. As simple as that. When you go from dozens or even hundreds to millions of transactions per second, a plethora of possibilities open.

Q12. I am a person who likes to generate money through my mobile phone and in the comfort of my home. How many with a mobile tool to generate income? Do you have any financial application for users like me?

Joey – Staking could be an option. You could technically build and sell chat bots made on the UniBot platform with your mobile phone, but this would be vastly more tedious than simply using a computer.Similar to how you could write articles on Medium on your phone, but typing this way would take a long time.

Q13. With which other blockchain projects can Uniworld imagine a cooperation for the future?

Joey – Virtually any. From the big ones like Bitcoin all the way to newcomer. That’s what interoperability is for.

Q14. The blockchain industry is growing by the day, what makes Uniworld stand out against other projects and companies competing in the space? 

Joey – First off, the industry is fragmented and uncertain, causing projects to under-raise, projects to be non-compliant, and regulatory confusion.

There are no agreed upon frameworks, few true security tokens, and virtually no liquidity. The industry doesn’t have a playbook. This is changing faster and faster now. Regulators are catching up.

Unifying A Fragmented Industry

Uni brings together diverse organizations working in the Blockchain industry, creating an ecosystem to bring tokenized securities to mass adoption faster and with higher quality than could be done by entities acting in relative isolation.

Member Selection

We welcome the participation of those projects that are sincere in their aim and goal to democratize finance. Projects are selected on various criteria, including team, progress, brand image, community size (if applicable), funding, and so on.

Global Organization

Uni is based in Tokyo, but has an even distribution of members around the world, with over a dozen members each in the US, Europe, and Asia, as well as members in Canada, Africa, and Oceania.

Realizing A $10T Industry

Blockchain, even with the hype gone, is still a potentially a $10 trillion industry. We are still in the nascence of this movement, due to a lack of clarity among stakeholders, including lawyers, compliance officers, advisors, and even developers. We need collaboration and integration to move forward.

Q15. In the crypto field, it’s very hard for projects to generate revenue/profits, some projects have a 10% dev share(10% from transaction fees taken by the project), can you explain to us in what way that Uniworld creates revenue/profits?

Joey – We charge fees on transactions. These fees are so low that they reach dust level, but there is quantity. We also charge for our bots (API calls and/or creation of data sets depending on the customer).

Q16. In the process of building Intelligent Society 5.0, people highly hope that artificial intelligence can replace traditional managers. What is your opinion on artificial intelligence? Do you think it can coexist with or replace tradition?

Joey – GPT-3 is an AI that can code itself. Frankly speaking, it’s scary. We don’t really know what happens in the hidden layers of deep neural networks and AI trained on huge amounts of data such as GPT-3 is also inevitably biased as it’s fed with biased data. It’s more dangerous than nuclear weapons and has the potential to go very wrong. Where we go from here is really unpredictable.

Q17. Trust is very important in business. So, what makes investors, customers and users feel safe when working with UniWorld?

Joey – Transparency. You can ask anything and we will answer. Simple as that. We are also incorporated.

Q18. In the bad situation of the Covid-19 epidemic, every industry was heavily affected.
Does it affect on the growth of Uniworld Team and its ?? What are your plans to turn challenges into opportunities for #Uniworld DEVELOPMENT?

Joey – No. We have prior never asked for any funding and all of Uni’s revenue streams works remotely as well as it does in person. Meetings now happen via Zoom instead of business events or in cafes but that’s about it.

Q19. Marketing is the leading factor that helps the project thrive. So what is your strategy to attract customers and developers to Uniworld in the long term?

Joey – We improve the product and its utility rather than simply talking about it. That’s why Uni wasn’t releasing any PR for quite a while, we were simply developing the products.

Q20. The unicash pre-sale starts at July 28. What are your expectations regarding that pre-sale?

Joey – Virtually none. It could be millions of UNW sold or not a single one. It doesn’t really affect the project per se. If we are able to raise a decent amount of funds, we can roll out and develop our products faster. If we raise none, we carry on either way. We would rather have a slow but steady growth.

Q21. What is the uniqueness of Uniworld that cannot be found in other project. that’s been released so far? And how the demand of $Uniworld token will increase in the future? or what steps would you take to increase the demand?

Joey – Functionality for literally millions of transactions per second.

Q22. As I go through into your website, I see that UniWorld is already being feature in some known news magazines like Bloomberg and Forbes, also in yahoo and many more. So what is the impact and effects of this achievement to your platform?

Joey – Not really much. It’s almost a standard in the industry to release PR on several sites like this, have a Social account on every platform and so forth. We got quite some traffic and emails of course if that’s what you mean.

Q23. Because of tough market conditions many projects are far from the targets. What’s UniWorld strategy to survive in this long blockchain marathon?

Joey – We don’t spend money we don’t have. We scale up or down accordingly.

Thank you to Joey Bertschler and Community for participating in the AMA. Have a nice day