ZooDAO AMA
AMA, AMA recap
, , ,
November 13, 2021
154

CryptoNationIN X ZooDAO AMA Recap

Dear Community,

Thanks to all for participating in AMA of ZooDAO hosted by CryptoNationIN. 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 there TrevorZooDAO
A warm welcome to Crypto^^Nation

Trevor – Hi everyone! 🙂

CryptoNationIN – How are things going?

Trevor – Thanks for inviting us ! Glad to be here 😁

CryptoNationIN – It’s pleasure to have you here

Trevor – I am glad to be joining such a great community!

CryptoNationIN – Thanks for the kind words
Let’s get straight into this AMA session

Trevor – Yeah let’s do it! 😉

CryptoNationIN – Starting with Introduction
Please introduce yourself to us.

Trevor – Hi, everyone – I’m excited to be joining the CryptoNation community today! I’m Trevor, the Vision Responsible for ZooDAO. I lead ZooDAO’s development as we create solutions for the community and greater purpose for NFTs. I’m supported by a team of 12, comprised of crypto developers, programmers, finance, marketing, and regulatory experts.
This is our first AMA, and I’m so glad we partnered with CryptoNation to present our solution to the community and provide the opportunity for open exchange.

CryptoNationIN – Good to know
Now, could you please introduce ZooDAO to our community?

Trevor – The concept of ZooDAO is pretty simple, and now we’ve developed it, almost obvious. ZooDAO responds to the challenge of NFT utility. We believe NFTs should have the same potential as other crypto assets to earn NFT holders yield, in a meaningful and engaging environment.

In ZooDAO’s dApp, NFT holders have two options:

  1. Stake their NFT, earning yield and ZooDAO collectible cards
  2. Stake their NFT in the Battle Arena, to participate in battles against other eligible NFTs, earning $ZOO and $DAI as a reward.

ZooDAO isn’t exclusively for NFT holders – those who don’t own NFTs are critical to the outcome of NFT battles, as they decide the winner through an open vote, earning $ZOO and $DAI in the process.
ZooDAO bridges the gap between NFTs and DeFi protocols, enabling interoperability between a multitude of NFT projects. The possibilities for growth are limitless with the various yield and gaming strategies embedded in our dApp.
We’re excited to have the community join us as we create greater purpose for NFTs!

CryptoNationIN – Seems quite interesting
With that, please tell us about the tokenomics of ZooDAO token.

Trevor – $ZOO is the utility and governance token of ZooDAO; it enables users to vote in our DAO as well as boost their opportunities to win in NFT Battles. $ZOO holders are also eligible to share in the success of ZooDAO through airdrops and other rewards.
Our Tokenomics are structured to protect the integrity of ZooDAO and its users. Key features to highlight are first, that team tokens are locked for a 12-month period and are vested over 10 months. 48% of our tokens are dedicated to community rewards, 7% are held by the treasury, and 3% are maintained in an insurance fund. Here’s a pie chart to show the full breakdown:
https://zoodao.com/token

CryptoNationIN – Please tell us about the roadmap of ZooDAO.

Trevor – ZooDAO has come a long way since we started out. One thing that has remained consistent in our approach is our dedication to creating a solution that works for and with the community, with embedded fairness features.
So far, we’ve built out a pretty amazing dApp that integrates 8 amazing NFT projects for NFT battles, and created a solution for both NFT holders and other users to earn passive income on their NFTs.
There’s a few key steps to achieve before we fully launch all the functionalities of ZooDAO. First, we’re doing a full security review, bringing in consultants to undertake a full internal audit before engaging an external auditor to review our smartcontracts and ensure the dApp is secure. Second, we’re preparing for the LBP, which will be a huge opportunity for ZooDAO insiders to support the success of the project.
Looking further into the future, ZooDAO’s success will be dependent on the community. Users will help us determine which NFT projects to integrate, and we’re looking to the community to advocate for ZooDAO further out into the cryptoverse.
Addressing high gas fees is something we’re addressing at the moment; we’re currently in talks with Layer 2 projects to optimize transaction costs and find efficiencies.
Finally, we’ve got some killer features related to yield farming integrations that we’re beginning to develop that we can’t mention today, but would love to share with ZooDAO insiders when we move to the testing phase.

CryptoNationIN – That’s amazing!
Could you please tell us about the projects integrated in ZooDAO?

Trevor – The amazing thing about the cryptospace is first the ability to add together crypto projects like lego blocks and build something even better. We’ve taken this approach to the next level, building partnerships between projects operating in both the DeFi and NFT space.
There are a few key partners who support the project directly through integration. The first is Aragon, our DAO provider – they enable fully decentralized decision making and governance for the project. Chainlink’s VRF enables true randomization of NFT Battles. And yearn.finance is providing us the ability to maximize rewards for the community.
A major milestone for us was being able to reach out to major NFT projects, like Polymorphs, Pudgy Penguins, Cool Cats, Hashmasks and lots more to present our solution to their teams. We’ve had amazingly positive feedback from their teams and communities, as they see an opportunity for ZooDAO to be complimentary to their products. Building those relationships and integrating top-ranked NFTs to ZooDAO is a super exciting on our road to success.

CryptoNationIN – ZooDAO is going to attract more it seems

 

Twitter Questions

Q1. In your opinion DEFI is a bubble? If it was a bubble, how would ZooDAO avoid its explosion?
Trevor – This is a great question. We all know how precarious the crypto space is, especially with various trends in emerging regulation, broad speculation and sudden losses affecting average users. We won’t lie to ourselves and pretend the only direction to go in is upwards – a bubble is a real risk to crypto that cannot be resolved easily or with quick fixes.
ZooDAO’s structure makes us comparatively resilient to the large market swings that present a risk to investors. The primary earning mechanism for the community is staking NFTs, which generates rewards in $ZOO, but more importantly in $DAI. As a stablecoin, $DAI is pegged to the US Dollar, providing a backing to rewards which cannot be offered by other types of tokens. In the eventuality of a bubble bursting, 1 $DAI is still worth 1 Dollar. In this sense, the opportunity for loss is minimized for our users.
Paying out rewards in $DAI is a conscious choice by the team to safeguard users no matter what the market conditions. Of course, we also have the risk that should there be a burst, yield generated would be lower – however it would not result in any loss to users.

Q2. Is ZooDAO to you just another company you want to successfuly launch and move to next one or the one you expect to spend the rest of your life building and improving it?
Trevor – A lifetime is a long time indeed! We see ZooDAO as a project governed by the community, and owned by the community. As a DAO, we’re expecting users to make active decisions on the future of the project, looking to the team for support in implementing those changes. We’re confident that future development of the project will continue to meet users needs given the active representation of you, the users in our future.
Importantly, our Tokenomics create pretty clear mechanisms to promote ongoing development of the project. Team members tokens are locked for 12 months, and vest over 10 months – meaning they won’t have access to their tokens until long after the community does. This means the ZooDAO team has a strong interest to build a long-term product and continue to iterate the solution long beyond the next 36 months.

Q3. What is the most outstanding technology that ZooDAO is currently applying? Is ZooDAO afraid that in the future there will be competitors who will surpass ZooDAO ‘s technology?
Trevor – ZooDAO resolves a problem that most users haven’t yet considered exists: what to do with their NFTs in the long-term, and how to continue monetizing them passively. While generating yield on NFTs is being adopted by other projects, we went beyond the basics of generating yield by building gamification into the process. NFT Battles on ZooDAO are certainly far beyond the existing capabilities of other projects in the DeFi and NFT spaces.
ZooDAO has the advantage of being a project built with and for the community. If others want to copy us, they’re free to do so – but there’s no reason to believe that those projects would embed the same decentralization and community participation mechanisms we have built in.
The beauty of the cryptoverse is that information is openly accessible; the arrival of new entrants to the market is a welcome challenge as we continue with our head start, building an amazing solution with a great community to support us.

Q4. Most investors focus only on the short-term price of the token instead of the actual value of the project. So what are the benefits for long-term investors in #ZooDAO project?
Trevor – I love this question, because it highlights the key challenge we continue to face with projects starting up in the crypto space. It’s true, we’re in a market where short-term gains are prioritized over long-term results. But ZooDAO isn’t here to create a short-term solution. Every aspect of our structure, mechanics and strategy focus on creating long-term value for users.
The key to ZooDAO’s long-term utility is that we’re not delivering value only through a token. We deliver value by providing our community the ability to make passive income on their NFTs long-term, with the benefit of earning $ZOO as a reward in the meantime. By focusing on the value we provide to our community, we don’t need to be worried about what the day-to-day price of $ZOO is.
The way this is manifested in our work is by continuously adding new NFT projects from the growing NFT space, to enable new users to participate in NFT Battles and yield farming. Our solution is NFT-agnostic: we’re most concerned with bringing as many NFT projects into our solution as possible, and don’t seek to exclude anyone from earning passive income on their digital assets.
Since $ZOO token supports this mission, it is more likely to gain value steadily, and hold that value over time.

Q5. Most NFTs games currently suffer low player base due to expensive initial cost for a new player to take part in the game, How does is attracting large group of players? can you talk some of its features which make it different from other?
Trevor – ZooDAO NFT Battles are definitely one of the first in the growing NFT gaming space, and are a great opportunity for users to get greater utility out of their NFTs.

We’ve broken down barriers to entry with our NFT Battles through two methods:

  1. First, NFT battles are open to any of the eligible projects listed on our website. Any NFT project which has robust smartcontracts can be integrated, and the list of our eligible projects is growing weekly. In this sense, we don’t exclude any NFT owners, and create an ever-growing pool of engaged communities to provide our solution to.
  2. Second, we’re aware that staking NFTs generates gas fees for users, which may discourage them from taking part in battles. To address this, NFT holders staking in our dApp are compensated for gas fees with $ZOO tokens, and are eligible for additional rewards. When we say NFT Battles are no-loss, this includes the cost of staking NFTs in the dApp.

Attracting new players and projects relies on the demand from our community, and engagement of NFT projects. We’ve had strong interest from some NFT projects who are excited that ZooDAO creates an exciting level of utility for their community’s NFTs. We’re continuously building partnerships, and would love to see our community continue to advocate for other NFT projects to be integrated to NFT Battles, not just in our community groups but within the communities of the projects who will join ZooDAO.

 

Telegram Questions

Q1. I understand that the difference compared to other NFT projects is to provide a space where players can use their NFTs for certain interactive functions, can you give us some examples of that use and how do users benefit?
Trevor – NFT Battles are a key feature of ZooDAO’s ecosystem; users can wage battle against other eligible NFTs to earn rewards in $ZOO and $DAI. The killer feature of our platform is that NFT Battles are no loss and earn organic yield through Yearn.Finance.

Q2. What are you currently working on to achieve the success of your project in the face of the wide and demanding crypto world?
Trevor – We’re currently working on a robust dApp, that’s fully secure and is able to scale with a large number of NFTs and a large amount of value locked.

 

Thank you Trevor (Vision Responsible) and Community for participating in the AMA. Have a nice day.

StrongNode AMA
AMA, AMA recap
, , ,
October 1, 2021
148

CRYPTONATIONIN X STRONGNODE AMA RECAP (2nd)

Dear Community,

Thanks to all for participating in our AMA with StrongNode. 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 community, today we are having another AMA of StrongNode.
Those who are participating in this AMA of StrongNode first time, please read the recap of the Previous AMA
CRYPTONATIONIN X STRONGNODE AMA RECAP (1st)

Daniel Saito – Hi everyone!

CryptoNationIN – Hello Daniel, delighted to have you again

Daniel Saito – Set off booby traps to enter this room, and got kicked out.. my bad.
glad to be back!
my second AMA on this channel!

CryptoNationIN – Yes, can’t wait to get into this

Daniel Saito – I enjoy this channel, for your hard hitting questions that matter..
Yes, can’t wait to get into this

CryptoNationIN – What’s good Daniel?

Daniel Saito – Its good!. We are a few days away from our IDO and busy as ever.
I have daily IV drips delivered to my doorsteps to keep going..

CryptoNationIN – Hope everything is alright

Daniel Saito – Oh yeah, its all good ! Its give you that extra edge to get vitamins directly.
Its actually a thing on Wallstreet.

CryptoNationIN – Okay, let’s start this AMA session with some introducto9 questions
Shall we?

Daniel Saito – Yup! It was Sept. 20th since I was last here and we have some great strides moving towards the eventual date of our IDO.

CryptoNationIN – Nice
For those who are seeing you here for the first time.
Please introduce yourself to them.

Daniel Saito – My name is Daniel Saito and I am the CEO and Co-founder of StrongNode. I started computing since age 8 and haven’t really stopped since. Worked in the industry upon becoming the legal age of 16. Worked in all aspects of computers from building them, fixing them, supporting them to selling them. I am self taught programming. Dropped out of college to work full time and got my foot in the door in the industry.
Since I was a college dropout, I had to work twice as hard to prove myself and over compensated in my drive to touch all aspect of infrastructure
I am an active entrepreneur; I have started 2 ISPs in both USA (dedicated to gaming) and Japan (consumer ISP). Launched two 🚀 and deployed 2 satellites 🛰 into space for a News Corp venture in Japan, all before the age 27. I have rode each technology revolution from the Personal Computer debut, the start of the internet, Web 1.0, Web 2.0, mobile, social and now Crypto/blockchain.
I wrote and designed the 4G specification around how to interface with the Security Enclave (TPM) in all current day mobile phones. And of course my billion dollar exit with MySQL to Sun Microsystems, only to sell again for $7.5B to Oracle Corp.

CryptoNationIN – Could you please introduce StrongNode to our community?
(again)

Daniel Saito – StrongNode (http://strongnode.io/) is an Infrastructure-as-a-Service technology company and innovation lab. We harness the power of latent and idle compute like the CPU/GPU cycles, network, and storage of the everyday common man/woman. In return, you get paid in StrongNode tokens [$SNE] when you lend your network and compute resources.
What is the mission and vision of Strongnode? We are on a mission to power companies globally through the next generation of edge networking by uniquely harvesting a trifecta of idle compute resources and leveraging new blockchain technologies. We wanted to address the last mile, which is the EDGE and build a global edge network through access and monetization of idle resources.
When we first started the thought of StrongNode, we looked outside to see what we can do to help solve some of the worlds problems. Last year wasn’t any joke and now we have a pandemic on our hands. We went to our clientele and saw what keeps them up at night. We noticed that the cost of computing has gone up, these cloud providers have a foothold on us and they know it. With that said, we had to come up with a solution or an alternative and looking inwards of what is available we noticed that we already had the blueprint already in front of us in the form of Open Source.
Bitcoin’s increasing energy consumption has triggered a passionate debate about the sustainability of the digital currency. We want to introduce the idea of GREEN MINING. As StrongNode tries to tackle Green Mining, we want to make “Computing for a Purpose” a reality. Due to the recent times with the pandemic people have been shuttered in their homes, this was no different for us as well. Here we take a stand and try to solve the world’s problem one problem at a time! Made with ❤️ for the NEW Normal!

CryptoNationIN – Awesome!
Please tell us about the tokenomics of StrongNode token $SNE.

Daniel Saito – The $SNE token has several different features and value in our ecosystem that have been pulled together from years of experience from our team and our advisors. More news on this will come out as we get closer to launch, but we are incentivizing token holders to hold along with us. SEED and PRIVATE INVESTORS are locked up for 6 months. All employees and advisors of StrongNode are locked up for 4 years.
2% of the $SNE token supply will be sold for the $300K raise (200M tokens will go into circulation at $0.0015).

CryptoNationIN – Could you please tell us about the partners of StrongNode?

Daniel Saito – As for partnerships, business development has been going on overdrive. Our team has been closing deals left, right, and center. As our IDO date comes closer, we have made our partnership with Starter.xyz and BullPerks.com who will help us launch the $SNE token to the world. We are partnering with the folks at QUICKSWAP as they will be our liquidity provider and utilize their farms with StrongNode. Recently, our partnership with Xfinite was announced on NewsBTC – So everyone can expect a lot more announcements from StrongNode after our IDO.

CryptoNationIN – Importantly
Please share some details on the upcoming StrongNode IDO. When is the IDO? How can one participate in it?

Daniel Saito – Yes, our IDO is happening very soon. We are so hyped up!
Our $SNE Token Sale will roll out on 2 launchpads. The IDO is happening on the 6th of October 2021, 15:00 p.m. UTC/11:00 a.m. EST on Starter.xyz and BullPerks.com.
For BullPerks, details on how to join will be available later. For the StrongNode IDO on Starter, here’s how to participate: https://starterxyz.medium.com/guide-how-to-take-part-in-the-strongnode-edge-ido-on-starter-c09233aa3d70.
The KYC process for the StrongNode IDO on Starter starts 30 Sept via Blockpass, please click this link: https://verify-with.blockpass.org/?clientId=strongnode_starterxyz_8bab9&serviceName=StrongNode%20on%20Starter.xyz&env=prod
Save the date: October 6 for the StrongNode IDO. We hope to see you there!

CryptoNationIN – Best wishes for the IDO 🤞

Daniel Saito – thank you!
Can I ask you a quick question?

CryptoNationIN – Sure, please

Daniel Saito – How many digital devices do you own?

CryptoNationIN – 3 I can say

Daniel Saito – Do you use them all?

CryptoNationIN – Of course

Daniel Saito – All at the same time, that is impressive.

CryptoNationIN – No
Not at the same time
And absolutely can’t

Daniel Saito – right, so some of those digital devices would be idle when not used as a primary device.
but those devices that sit there charging has idle resources that could be used to compute for change. and get paid for it.
yeah physically impossible unless you are margin trading with 150x leverage and looking at tradingview in realtime.

CryptoNationIN – That would be advantageous
Undoubtedly

Daniel Saito – That’s the solution we would like to present to the world.
Computing for a purpose. When you are NOT using your digital devices, it can be used to process BIG DATA problems sets (COVID, Climate change, etc.).

CryptoNationIN – My question is, is it possible to use any device (e.g. smartwatch) for computing?

Daniel Saito – Hmm not immediately. But that is the dream.
Immediately we will target x86 PCs and MACs and PCs running linux.
Then end up in your mobile phone IOS/Android
and eventually on to your TV.
But all Compute is not equal and there will be CPUs won’t be compatible or have enough processing power to communicate.
Afterall, we don’t want to drain the power of your smartwatch. (smart watch is really hard to design) I worked with the folks at fitbit what they do is amazing.

CryptoNationIN – We can call it an objective. Can’t we?

Daniel Saito – smartwatch is difficult tho will admit to that.
worked with the fitbit data teams and what they do is amazing.

 

Twitter Questions

Q1. Talking about $SNE tokenomics, the total supply of $SNE is 10 billion & from that you have allocated 2.1 billion of $SNE tokens for sale. So What about the remaining 7.9 billion tokens? On Which purpose will the remaining 7.9 billion of $SNE tokens be used for?
Daniel Saito – The 7.9 Billion tokens are released in a linear fashion, to help finance development and marketing activities. As for the team allocation and advisory they are locked up for 4 years vesting schedule.
Investors that came into the SEED/PRIVATE round all get vesting privileges at DAY 1 of IDO. But they only have access to 10% of liquidity

Q2. On your website there is a section that talks about discounts generated by retaining the native token, how are these discounts generated? what is the discount percentage? In which products can we apply this discount?
Daniel Saito – Hmm I believe there is a miscommunication here. I think what the question is inferring is that having ownership on the $SNE token how can one take advantage of this an take part in future offerings from our INNOVATION Labs.
This is an upcoming feature that we are currently working on, and providing LP configuration will either emit the token as rewards or allows you entry into the IDOs PRIVATE sale.

Q3. You say that StrongNode creates several economies of scale that benefit all types of users and platforms that access the StrongNodeEdge network, but really what are these different economies that can be created with StrongNode?
Daniel Saito – We we like the concept of democratizing your computer, commoditizing your computer resources. When you do that, we allow for people with just a smartphone or an outdated PC to still contribute something rather than nothing. Keeping the adoption curve low, for people to participate is key for us. We believe in many people in different demographics to engage with this solution and helps them in some way.
We hope to crack the digital divide issue and ewaste issue at the same time.
I think those are problems worth solving in any economy of scale.

Q4. Do you have plans to burn your tokens in the future to reduce the supply of tokens and increase their investment attractiveness? Could you introduce yourself to the community and tell us about your background?
Daniel Saito – Well I slightly talked about this earlier. We want to see token distribution. We have 10 billion tokens that will eventually go into circulation. We want to achieve maximum adoption and coverage in the several wallets. To me a wallet address is a node. A wallet address is a user. We want to achive maximum scale and get the distribution necessary. It would be premature to say we are BURNING XX% without it getting the distribution it requires. I am not taking burning of tokens off the table, but its to early to think about it, since usually token manipulation like that is the race to the bottom, with a lot less tokens in circulation.. (which is not a good look to have).

Q5. Nearly 80% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your tokens in the long term?
Daniel Saito – For that long-term benefit, we want to be able to distribute $SNE token to as many wallets as possible. We want to utilize the idle and untapped compute resources. We want to make “Computing for a Purpose” a reality.
You get paid $SNE tokens when you lend your network and compute resources. And others will get to run workloads, processed in chunks, on your idle resources. It’s a symbiotic relationship within our ecosystem. The users are incentivized to HODL as long as they feel that they are comfortable with our product offering. We believe in the long term value of growth for our investors and our network. The longer that they keep HODL(ing) our coin in their wallet and use the AMM farms / LP pools we will have with QUICK, they can benefit.

 

Telegram Questions

Q1. What is the best way to follow all your upcoming news and updates? Can you share with all your social media links? What are your plans in coming Future?
Daniel Saito – 🥮 https://strongnode.io
🗯 https://t.me/strongnodechat
🗣 https://t.me/strongnode
📚 https://twitter.com/StrongNodeEdge
🎟 https://discord.gg/Gk2ka3NCR6
📚 https://medium.com/@strongnode

Q2. A lot of projects disappear in these difficult market conditions. How can you ensure the sustainability of your token what is the receipt of success?
Daniel Saito – We have the best in planning and budgeting. Difficult markets are hard, we have gone to the extent to DOXX ourselves to prove our seriousness and take the extra steps to insure that the retail investor is comfortable with their investment. Of course we recommend with all investments, Do your own research and invest responsibly.

Q3. Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
Daniel Saito – Yes, we want to reduce the barrier of entry for anyone to participate. If you have idle digital devices that are connected to the Internet. We want those devices. We are reinventing the UI/UX process for beginners, but we also have advance modes for devs and degens alike.

Q4. Is your Project a local and a global project. How many People do you have for non english user? Can anyone uses your services from anywhere in the world. Is there are any restrictions of using your service?
Daniel Saito – This is a global project, naturally as we strive to build the largest super computer in the world. To help tackle some of the largest computing DATASETs that puzzle our daily lives.

Q5. Please provide more information on your ROADMAP. What are the most anticipated plans and events for the next few days and months that we should be aware of?
Daniel Saito – Our first release is with StrongNodeID as it gets flushed out. We will then launch StrongNode binaries as a traytable app for Windows/Linux/MacOs and we allow VPN end points as well as sending big data map/reduce from the web interface down to nodes. This is expected within the first 12 months after we do the drop. And in addition, speaking of weeks away, high APY farming will be rolled out very close after TGE. There’s a lot in between our current roadmap which we will be adding soon to give full transparency.

Q6. As a truly open decentralised Asset management platform, what are your goals and motivations to increase personal privacy, security, and the decentralization and sharing of power for the vast majority of users?
Daniel Saito – We have designed the system with security in mind. We have past experience in designing tech that can act in a secure matter. We plan on adapting the same approach to this as a product.

Q7. Can you give me the 3 best characteristics to convince me and other investors to invest in your project for a long time?
Daniel Saito – Sustainability
Universal Base Income
Low barrier of Entry for Adoption.
Sustainability we want to reenforce the idea of GREEN MINING and the sustainability behind it.
Universal base income, we want to take what you already have which are resources, and better spend those resources that can benefit the owner to offset daily cost in their lives.
Low Barrier of entry for adoption, we want it to be stupid easy to join. IF anything we want your compute resources, not crypto – this app is for people that want to compute for a purpose and passively make income.

 

Thank you Daniel Saito (CEO & Co-Founder) and Community for participating in the AMA. Have a nice day.

Marhaba DeFi AMA
AMA, AMA recap
, , , ,
September 30, 2021
152

CRYPTONATIONIN X MRHB DeFi AMA RECAP

Dear Community,

Thanks to all for participating in our AMA with Marhaba (MRHB) DeFi. 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 community, today we’ve Ahmed Jawa from MRHB DeFi

Ahmed Jawa – Hey how is everyone

CryptoNationIN – Ahmed welcome to CRYPTO^^NATION™ Community
Nice to have here today

Ahmed Jawa – I am not Deniz but i will substituting for him today.
Pleasure to be here
lets see all your interesting questions team

CryptoNationIN – Before getting into this, How are you doing today Ahmed?

Ahmed Jawa – Doing well, working hard for the community and making MarhabaDeFi a wonderful project
how are you?

CryptoNationIN – I’m pretty good. Thanks for asking
So, let’s start this AMA with some introductory questions
Ahmed, please introduce yourself to us.

Ahmed Jawa – ok yes for sure
My name is Ahmed, I have been working with MRHBDeFi formaly known as MarhabaDeFi for some time focused on Marketing, Strategy and Operations
I come from a Finance background and have been working in various Corporate and IGO roles in the past. Having a strong passion for Faith-Based investing brought me to MarhabaDeFi. On the side I also run a Faith-Based Finance Youtube Channel that is known by the name Think Halal and Grow Rich

CryptoNationIN – Good to know this “Faith-Based investing”

Ahmed Jawa – Yes a huge part of the world demands solutions in this space especially when it comes to finance.
its supposed to be a 3.5 Trillion dollar market in 2025 and as Crypto overtakes Financial markets a big part of the 3.5 Tr…. will be needed to in Crypto and we are the first Faith-Based complete Crypto ecosystem

CryptoNationIN – And that’s the point to appreciate MRHB DeFi
Okay after this, could you please introduce MRHB DeFi to our community?

Ahmed Jawa – Yes sirr
Yea forsure!

MRHBDeFi is an all-in-one solution that is filling a major gap in the Crypto world. Marhaba is building a unique ecosystem of [shariah-compliant/faith-based/ethical] crypto-financial solutions to the market. This is being done by bringing multiple ethical products, usually isolated, together in one single coherent ecosystem.
While inclusive of all faiths – Marhaba is focussed on the Islamic Finance liquidity pool which is currently over $3 trillion in size, growing, and serves over 1,000,000 people globally. The majority of whom are excluded from Crypto and Defi markets due to faith, complexity, and product fragmentation. Therefore Marhaba is the “first-mover” in this enormous space and takes pride in being a truly “inclusive” DeFi Platform.

CryptoNationIN – Islamic Finance = Zakat
Right?
I’ve read about it

Ahmed Jawa – Islamic Finance has a lot of different pillars and one of them is Zakat (which is a form of charity) other pillars include everything from managing business, finance, and transactions in an ethical and protective manner.

CryptoNationIN – Got it

Ahmed Jawa – haha
yeaa and there is a huge part of the world that NEEDs solutions that are from this segment

CryptoNationIN – By the way, thanks for the explanation
Now, please tell us about the tokenomics of MRHB DeFi token.

Ahmed Jawa – The Tokenomics were built to make sure this Project has growth and longevity success. I highly recommend everyone to read the whitepaper as the Tokonomics are detailed in the ending.
https://docsend.com/view/4dwtrak9p5kjdw4s
speaking about tokonomics, we are having our PrePublic Sale round 1 on October 7th
https://youtu.be/c6enIy7ds3E
you can watch this and then read the description for more clarifications
Page 48 to be exact MRHB Token Economics

CryptoNationIN – With this, please tell us about the roadmap of MRHB DeFi.

Ahmed Jawa – Yes forsure the roadmap is a comprehensive ecosystem solution.
It includes:

Marhaba Product Suite
For the first phase of the delivery, we are delivering

  • A multi-currency non-Custodial Wallet, that would be holding only shariah-compliant tokens, with Staking and Token Swapping Features
  • A chain agnostic, Cross Chain DeX Aggregator
  • An efficient return promising, Interest-Free Lending & Borrowing solution
  • A world’s first auditable- ZKP based “Decentralized Philanthropy” (De-Phi) protocol to facilitate charity and zakat in crypto
  • Machine Learning based Auto Portfolio Creation & Management
    Democratic, whale and bot proof Quadratic funding pool based Community-Driven Launchpad


BTW all of these snips are coming from the Whitepaper
so please do check it out and read it

CryptoNationIN – The roadmap looks progressive
And it is.

Ahmed Jawa – yea as i said we are bringing the first full solution for the faith-based community

CryptoNationIN – Nice
Could you please tell us about the partners of MRHB DeFi?

Ahmed Jawa – Yea forsure
We have amazing partnerships and investors. There are others in progress and they are also very exciting!
Here i’ll share some with you, but if you want to learn more you can go on our Medium and get the full list and engagement details.
https://medium.com/search?q=MRHB&ref=opensearch

If you want some quick names:

Investor:
EMGS Group
Accreditus
Sheesha Finance
Blockchain Australia
Digital arms
Algbra

Partnerships:
DCI capital
Aurelia Ventures
Sukhavati
Coinsbit
Neolegal
Sinofy

CryptoNationIN – Thanks for sharing
If allow you me, I’ve a question to ask from my side.

Ahmed Jawa – Yea sure!

CryptoNationIN – What’s the reason behind choosing name MARHABA?
I understand that it should be asked earlier

Ahmed Jawa – hahahha this is a good question.
Marhaba in general means welcome and at MRHB we are welcoming an entire segment of the global financial market to the world of Crypto
there is also a slight technical reasoning but this is the one i like 🙂

CryptoNationIN – It really makes sense

 

Twitter Questions

Q1. There are tons of DeFi tokens / projects fighting for their places in the current market, how can Marhaba DeFi face such competition? And what is your perspective on the prospect of DeFi tokens and $MRHB future’s growth?
Ahmed Jawa – When it comes to competition we are not really fighting as we do not have much of a direct competition but indirect competition we have. For Indirect competition we understand to lead in this field it is important to provide the best solutions that is user friendly, and we are working hard towards doing just that.

Q2. Marhaba DeFi wants to be at the forefront of the journey by creating an easy option for investors and Muslim Community to diverse their investments into not only one DeFi token, but the whole space, all in one trade. Can you tell me how and when you plan to actualise this?
Ahmed Jawa – Yea this is part of our roadmap and will be implemented as part of the Sahal Wallet wallet.

Q3. One of Marhaba DeFi offerings is DeCha & Zakat Solution. So,can you explain more about this offering in your platform? How does it works? How can investors and users can take advantage with this offering?
Ahmed Jawa – So crypto is a new solution in the world so most of the Muslim community does not know how to manage their Zakat when it comes to Crypto. Thus we are getting our Shariah board to look into this and determine a calculator for this to make everyones life easier.

Q4. I read that the Smart Contracts play an important role in the Marhaba Ecosystem as they follow the principles of Islamic Trade. However, can you tell me how you adapted those tenets into each smart contract? How can they recognize the laws of Islamic Trade?
Ahmed Jawa – This is a good technical question which is slightly above my scope. So i recommend you ask this question in the main channel and our CTO will answer the question.
I could give you the faith side of the answer but not the technology side, but that would be a half answer.

Q5. I read that Marhaba DeFi will bridge the gap between the Muslim community and the blockchain world, but does this mean, that the project is focused only on the Muslim community or are they targeting other communities as well?
Ahmed Jawa – This project is helping bridge the gap for the muslim community, but that does not take away from the other communities. anyone who is interested in a ethical solution that is interested in a complete Crypto ecosystem solution which has a user friendly UI UX – would be interested in MRHBDeFi
Many of our biggest investors and supporters are non-muslims, but they understand the value of the project and the impact, thus they support it a lot.

 

Telegram Questions

Q1. Do you have any competing projects and what are the best features that make you stand out from the competition?
Ahmed Jawa – Simple we are the first full ecosystem solution for the faith-based community

Q2. What is your strategy for serious investors, will you provide complete transparency with them in the future?
Ahmed Jawa – We have many interested Investors and MRHB has a full transparency rule.

Q3. Marhaba DeFi has a wealth generating feature called Liquidity Harvestor. Can you tell us how this exactly generates income? Is this different from Yield Farming/Liquidity Farming? Aside from this, do you have a staking platform as well?
Ahmed Jawa – It uses the same methods like traditional LP but with a faith filter on it. I recommend read the Shariah green paper on it and the whitepaper. @vickytoreeya please link those

Q4. Have you formed or are you planning to launch an ambassador program to help your effort attract more investor interest?
Ahmed Jawa – YES!!!! its in the development currently. As soon as its launched you will know about it here.

Q5. Marhaba DeFi has a wealth generating feature called Liquidity Harvestor. Can you tell us how this exactly generates income? Is this different from Yield Farming/Liquidity Farming? Aside from this, do you have a staking platform as well?
Ahmed Jawa – https://docsend.com/view/4dwtrak9p5kjdw4s

 

Thank you Ahmed Jawa (Marketing & Operations) and Community for participating in the AMA. Have a nice day.

StrongNode AMA
AMA, AMA recap
, , ,
September 20, 2021
151

CRYPTONATIONIN X STRONGNODE AMA RECAP

Dear Community,

Thanks to all for participating in our AMA with StrongNode. 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 Daniel, we welcome you to CRYPTO^^NATION community 🎉

Daniel Saito – Hi everyone, thank you for having me today. It is a sure pleasure to speak to everyone here at CRYPTO NATION!StrongNode AMA
Broadcasting live from Shibuya, Japan!

CryptoNationIN – Sounds awesome
How are you doing Daniel?

Daniel Saito – Doing well, enjoying the day off today. So got some other stuff done that doesn’t evolve crypto.
We finished our financing of our project a week ago, and now oversubscribed – good problem to have.

CryptoNationIN – Let’s get into this AMA session.
Daniel, please introduce yourself to us.

Daniel Saito – Hello. I am Daniel Saito and I am the CEO and Co-founder of StrongNode. I started computing since age 8 and haven’t really stopped since. Active entrepreneur, started 2 ISPs in both USA and Japan. Launched 🚀 2 satellites 📡 into space for News Corp. I have been in technology for as long as I can remember.
StrongNode is an Infrastructure-as-a-Service technology company and innovation lab. We harness the power of latent and idle compute like the CPU/GPU cycles, network, and storage of the everyday common man/woman. In return, you get paid in StrongNode tokens [$SNE] when you lend your network and compute resources. StrongNode was the name picked out by our amazing marketing team.
The mission and vision of Strongnode? We are on a mission to power companies globally through the next generation of edge networking by uniquely harvesting a trifecta of idle compute resources and leveraging new blockchain technologies. We wanted to address the last mile, which is the EDGE and build a global edge network. Right now, we are planning to have a successful IDO on https://starter.xyz at the end of this month. We have several partnerships planned in the pipeline. Ultimately, we are building a global edge network through access and monetization of idle resources.

CryptoNationIN – Interesting 💥

Daniel Saito – Yeah we are doing some interesting thing here
One more note on the team:
The StrongNode core executive team consists of 12 equally passionate and dedicated people with years of expertise working with some of the biggest names in various industries, with dozens more members working day in and day out that makes up the rest of the StrongNode team.
The StrongNode core executive team consists of 12 equally passionate and dedicated people with years of expertise working with some of the biggest names in various industries, with dozens more members working day in and day out that makes up the rest of the StrongNode team.
We have recent hires that have been the former EVP at Electronic Arts who will oversee Marketing activities and a CFO who is a Harvard / Wharton Grad who worked as an auditor for a leading fortune 500 firm. So, I built an ALLSTAR team of technologists and marketers and finance operatives.

CryptoNationIN – Impressive!
Please tell us about the tokenomics of StrongNode token $SNE.

Daniel Saito – StrongNode Tokenomics
The $SNE token has several different features and value in our ecosystem that have been pulled together from years of experience from our team and our advisors. More news on this will come out as we get closer to launch, but we are incentivizing token holders to hold along with us. SEED and PRIVATE INVESTORS are locked up for 6 months.
All employees and advisors of StrongNode are locked up for 4 years.

CryptoNationIN – Token metrics seems strong

Daniel Saito – Thanks, we designed it that way on purpose. We wanted supply shock right out of the gate, as only the SEED/PRIVATE investors only get to unlock 10% of their investment at IDO. With that said, we placed alot of emphasis on marketing in developing countries and have a 100 day 15 point plan for each day. Its pretty crazy what the marketing came up with, now they have me doing 2-3 AMAs a day. As communicating to the Crypto community is necessary to grow our community. So remember folks if you haven’t done so already, join our telegram chat https://t.me/strongnodechat

CryptoNationIN – Please tell us about the roadmap of StrongNode.

Daniel Saito – Our first release is this week with StrongNodeID as it gets flushed out. We will then launch StrongNode binaries as a traytable app for Windows/Linux/MacOs and we allow VPN end points as well as sending big data map/reduce from the web interface down to nodes. This is expected within the first 12 months after we do the drop. And in addition, speaking of weeks away, high APY farming will be rolled out very close after TGE. There’s a lot in between our current roadmap which we will be adding soon to give full transparency.

CryptoNationIN – Could you please tell us about the partners of StrongNode?

Daniel Saito – There is alot going on behind the scenes. You can find out more about our future partnerships here: https://medium.com/strongnode
We have a partnership with starter.xyz (https://starter.xyz/) and BullPerks (https://bullperks.com/) to launch StrongNode in the whole crypto ecosystem. Our recent partnership with Xfinite was annouced on NewsBTC (https://www.newsbtc.com/press-releases/xfinite-join-hands-with-leading-software-venture-strongnode-io/) and LP partners with $QUICK (https://quickswap.exchange/) since we will be in the Polygon ecosystem. We have a 100 DAY marketing plan which is constantly being iterated and added to each day.

 

Twitter Questions

Q1. Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Daniel Saito – Don’t want to expand on announcing partnerships all at. one go, rather save it for post IDO
There is alot going on behind the scenes. You can find out more about our future partnerships here: https://medium.com/strongnode
We have a partnership with starter.xyz (https://starter.xyz/) and BullPerks (https://bullperks.com/) to launch StrongNode in the whole crypto ecosystem. Our recent partnership with Xfinite was announced on NewsBTC (https://www.newsbtc.com/press-releases/xfinite-join-hands-with-leading-software-venture-strongnode-io/) and LP partners with $QUICK (https://quickswap.exchange/) since we will be in the Polygon ecosystem. We have a 100 DAY marketing plan which is constantly being iterated and added to each day.

Q2. What are the future investment prospects of the project? and Where is the best places to buy your tokens? Is it too late now for us to buy? What benefits I get for buying and hodling $SNE tokens for long term?
Daniel Saito – We see StrongNode as two products there is StrongNode as an APP and StrongNode as a token $SNE.. We found a problem and created a solution behind it. When COVID broke out genetic sequencing labs were backed up in sequencing and processing lab results for various strains. They were also backed up in computing workflows. We worked with them to create a solution around this and henceforth here we are weeks away from an IDO. They can use our $SNE token off load their compute workloads off of centralized solutions and process on the EDGE. The folks that want to harvest and mine these datablocks and receive $SNE just need to participate and give their resources, and passively make income.

Q3. Tell us a little about the role of $SNE tokens and project within the entire ecosystem. Will it act as a simple payment currency on all your products? Or will its holders have some sort of benefit or vote in the project decisions?
Daniel Saito – The $SNE token has several different features and value in our ecosystem. The StrongNode token has so many use cases within the StrongNode ecosystem which includes our innovation lab projects focused on gaming, social impact, entertainment, lifestyle platforms building on the StrongNode Edge technology. You get paid for your idle resources. And others get to run workloads, processed in chunks, on your idle resources. In return, you get paid in StrongNode tokens [$SNE] when you lend your network and compute resources. There are more mechanics yet to be announced that will enhance the appeal of token adoption.

Q4. They said, alot of new projects have a lack of liquidity, especially on their early days, resulting in extreme volatility & price impact of the token. So as a fresh Platform too, what’s your Crypto solutions for this & what makes your Farm Platform different & unique from others?
Daniel Saito – They do say that alot. Well we also saw that happen. We were there in the “early days” how ever long that may have been.. We still have extreme volatility and price impact. But this is not only because of liquidity it is because of various factors.

  1. Proper market making support from our market making vendor will help from SEVERE price action. No “Darth Maul Candle action”.
  2. There is very limited supply that is going into circulation from DAY 1. There is only about $170K of funds from our INVESTOR side coming into circulation, but they also show no interest in selling. All staff are locked up. We will be providing liquidity as well, so we do expect some green candles, here and there. (not financial advice)
  3. We will be offering staking to lock up your tokens as well, additionally when the StrongNode app comes online, you can also stake your uptime.


Q5. DeFi is one of the hottest topic in the blockchain space right now. Can you share your opinion about DeFi with us? Do you think that DeFi will disrupt the existing financial system? What is “StrongNode’ approach towards the DeFi sector?
Daniel Saito – When Nobel Prize winner Muhammad Yunus and Grameen Bank introduced the world of micro-loans “grant poor people small loans on easy terms” back in 1983. It revolutionized developing nations and help people get banked. It brought several millions of people out of poverity. Come present day 2021, post-COVID; DEFI has become the mainstay rage, and help fueling new ideas but at a digital level and on blockchain. We have come a long way on how to stretch and fold a dollar, we even learned how to program it in a form of a smart contract… What a world we live and we are just getting started.
We have everything in the pipeline to address, MUSIC, GAMING, NFTs and DEFI. One component how we handle this at a token level is of course the proper auditing and compliant (everyone is KYC’d). Additionally the reflect code that we have in our smart contract taxes a small amount of that will go into a SAFU fund in event of a catastrophic economic hack in our DEFI platform. As for the DEFI components we we will open up staking and AMM farming. All developed on custom code and all code will be audited. We will have liquidity pooling with the folks at QUICKSWAP. Basically, we took all the best of breed implementation and put it under one platform.

 

Telegram Questions

Q1. Many projects have done FRAUD Why should I trust you? Did you pass the AUDIT?
Daniel Saito – We are actually in the process of auditing our Smart Contracts, we hope to have it in time for the IDO. Security is the up most importance for me, it keeps me up at night. As a former crypto security researcher at NTT DoCoMo (https://www.nttdocomo.co.jp/english/binary/pdf/corporate/technology/rd/technical_journal/bn/vol7_2/vol7_2_025en.pdf) R&D (https://www.nttdocomo.co.jp/english/binary/pdf/corporate/technology/rd/technical_journal/bn/vol7_2/vol7_2_025en.pdf), I made sure we uphold the tightest security considerations and play out all possible attack vectors. But that alone is not enough, we will also lean on 3rd party auditors at a source code level for our software too, because our product is our USERS (well the Users PCs).

Q2. Why is StrongNode better? How easy is it to use StrongNode? What high points underlie this innovation of StrongNode?
Daniel Saito – We are a firm believer that the community builds product. Community drives product development. When running an open source project, the value is derived on the community involvement and it is up to the community to dictate that it is a success. Here at StrongNode, this is where the cross roads of Innovation cross with Community in helping us build a sustainable edge network. We learned the value of community as we are the TENETS of OPEN SOURCE (https://youtu.be/SpeDK1TPbew) with our experience in launching Linux at RedHat and databases at MySQL. We have plans to utilize open source yet build a payments layer to it by solving the OPEN SOURCE funding problem. (see video).

Q3. Can you tell me what StrongNode did and what it intends to do to achieve our real-world social goals?
Daniel Saito – We are just getting started.
Well what birthed this idea was something that unraveled over time. When myself and Colin worked at MySQL we were consulting with [numerous] Web 2.0 companies optimizing the performance of their MySQL queries and tweaking their implementation architecture so it scales with effective transactions per second, we started to notice a need out in large scale enterprises all the way to small-medium businesses that they had a requirement to scale out their data and processing capabilities, hence the *cloud infrastructure* race (AWS, GCP, MSFT).
So as we got together after consuming inhuman levels of chicken and beers, we started to work on solving the scalability issue. We wanted to address the last mile, which is the EDGE. Its the consumers’ latent resources from your PC/MAC/LINUX [environment] (CPU, bandwidth, storage) and use it for a batch processing cluster using the map/reduce method of sorting jobs and processing it with a token economic incentive to participate both as a broadcaster and a receiver.
With new products like StrongNodeID, which handles users and access to access nodes which can help get paid for the utilization of idle resources (keeping in mind, we have plenty of idle CPU and bandwidth in most situations and a lot more devices now with the IoT revolution). And of course, other things run on top of the platform, which also helps.
Using latent resources for heavy compute tasks is one big use case for the technology which is amazing in itself. So many other use cases are planned as we scale out our node network with the launch of our innovation lab and all the fun platforms we have planned out to use the StrongNode technology — great benefits come with moving with us to the EDGE!
Well there will be a lot of things, when we open up staking we expect a significant amount of folks participating by hosting their computing resources on the network. Additionally, we will be onboarding partners who have jobs to process and will buy tokens in a non-crypto way to access the network. There will be AMM farming as well as other partnership through our incubation lab.
The platforms we are launching are social impact, gaming, entertainment, lifestyle B2C companies that will be symbiotically powering and being powered by our global edge network. There will be a lot to get excited about this year!
So some of our projects that we have incubating is the Original Gamer Life or OGLife, a gaming community targeted for 40+ audience, which will take advantage of the StrongNode infrastructure with providing game servers at the edge. Gaming at the Edge.
Enterprises and academia are some of our main users since they usually have the big data jobs that require analysis. AI, map/reduce, be it for covid analysis or even clickstream analysis. We also expect end users for the VPN portion, where you have an exit node on a residential non-commercial IP. Enterprise data sets are ideal for map/reduce from AI, Covid analysis to ad clickstream data. We want to attract SMB to large enterprises to tap into the network.

Q4. What are your plans for listing in CEX and DEX?? Where can we buy for now?
Daniel Saito – We are in talks with various CEX and DEX. As we will live on the POLYGON (MATIC) chain we are working within that ecosystem’s DEX. Additionally as for CEX, we are talking to both TIER-1 listing and TIER-2 listing.. It is easier for us, as we were compliant since DAY 1 and KYC’d all our enterprise customer (who are now our investors) so we can qualify for these exclusive TIER 1 CEX.. But I don’t want to immediately list on CEX, as I believe I want to be able to get a better coin distribution and try to get it into as many wallets I can. Since that gives longevity for the token as a whole.

Q5. Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project?
Daniel Saito – Yes, we started marketing in developing countries, so they can get in early and participate in passive income generation from their latent resources. So we will support ENGLISH only at the beginning and scale out to other languages based on our traffic data analysis of user downloads (by location) and translate it to those user specific languages.

Q6. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
Daniel Saito – We know that. So we took a different approach, we took time to understand the world as we live in today, and found where we can proactively make a change and also build a business around it. In doing so, we sold our SEED/PRIVATE rounds to our enterprise end customers (whether they be genome sequencing labs to machine learning AI startups) these enterprise customers have the need for low cost computing power. We worked with them to optimize their workflows to use our tokenized compute resources. So these investors will act as our ENTERPRISE SEED NODE NETWORK, which will provide the BIG DATA problems that are hungry for your idle processing power.

Q7. What are the plans to educate and raise awareness and adoption among the community to make more people understand about StrongNode easily (even for beginners)?
Daniel Saito – Default setting is set for beginners, there is the über nerd / developer mode where you can tweak it, as well. But the intial build will be catered for beginners.. It will be simple, register at StrongNode User Registration and download the binaries, pair your wallet with the devices how you would pair spotify with your TV. Then you are done, all you have to do is just sit back and watch Netflix and chill at home (after you wash your hands).

Q8. Where can I purchase it? And also all the links to all your social media platforms if possible?
Daniel Saito – You can purchase the StrongNode token at our IDO which will be hosted at starter.xyz and bullperks.com in a few weeks. But you can be kept posted on all the details at the following links:
🥮 https://strongnode.io
🗯 https://t.me/strongnodechat
🗣 https://t.me/strongnode
📚 https://twitter.com/StrongNodeEdge
🎟 https://discord.gg/Gk2ka3NCR6
📚 https://medium.com/@strongnode

Q9. Does StrongNode support any betting or mining schemes? if yes, what are the requirements?
Daniel Saito – We want to introduce a new trend of GREEN MINING. Where normal usage of your common digital devices can be harvested when your computer is in a idle state. Instead of the usual approach of using high powered miners to farm ETH or BTC, as there is a dark side to it all:

  • Bitcoin’s annual e-waste generation adds up to 30.7 metric kilotons as of May 2021.
  • This level is comparable to the small IT equipment waste produced by a country such as the Netherlands.
  • On average Bitcoin generates 272 g of e-waste per transaction processed on the blockchain.
  • Bitcoin could produce up to 64.4 metric kilotons of e-waste at peak Bitcoin price levels seen in early 2021.
  • The soaring demand for mining hardware may disrupt global semiconductor supply chains.

Sustainability is the long term goal for anything in these modern times. If the business cannot ensure sustainability, it will draw scrutiny and hopefully we can help change that narrative over time as being thought leaders in this field.

Q10. Lots of investors hit and run during the sale and sell session after listing on the first exchange, WHAT DO StrongNode say about this? How does StrongNode stop early investors from selling tokens?
Daniel Saito – StrongNode Tokenomics
All investors are locked up for 6 MONTHS, they have access to 10% of their investment at IDO day. So NO you are not going to see another repeat of $ICP.

Q11. I am a professional web vulnerability finder. Do you think your project system is safe enough from hackers? Do you have a reward program for identifying system vulnerabilities?
Daniel Saito – Yes we are in talks with HackerOne, the CEO is a friend and former boss (MySQL). We will have a bounty program via HackerOne and we also have a bounty programme as well that we will be doing in tandem.

Q12. How important is the community to you? and how can we collaborate or help you for the development of the project?
Daniel Saito – Yes! This is how we have been doing it for the past 20 years. From working on the world famous database MySQL. We learned from our business that our community is valuable, it probably contributed to our price tag of $1 Billion dollar exit. But yes, we will also take code contributions as we want to solve the Open Source developer funding problem.

Q13. what will be the total costs for setting up the entire node system for the business? What is the efficiency rate of your project? Are audits done and approved?
Daniel Saito – Thanks, I am a firm believer in the $20 PC. We want it to be able to work on a Raspberry Pi all the way down to your SmartTV running android TV or AppleTV..

Q14. BSC is really in trending now because it has low gas fee and high transaction speed. Have you any plan to move on BSC?
Daniel Saito – No, we will probably address it last as the security implications are horrendous. We thought to do so, but not a real priority for us, as gas prices are increasing on BSC, and our solution is very transaction heavy.. Our next stop is SOLANA..

 

Thank you Daniel Saito (CEO & Co-Founder) and Community for participating in the AMA. Have a nice day.

GameFi AMA Recap
AMA, AMA recap
, , ,
September 16, 2021
158

CRYPTONATIONIN X GAMEFI AMA RECAP

Dear Community,

Thanks to all for participating in our AMA with GameFi. 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 – Welcome to CRYPTO^^NATION Alex 🥳

Alex – Hello everyone.

CryptoNationIN – Hello Alex 😊
How are you doing today?

Alex – I am doing well.

CryptoNationIN – Let’s get into this AMA. Shall we?

Alex – OK

CryptoNationIN – Please introduce yourself to us.

Alex – Hello,everyone.
I’m Alex, CAO (Chief Architecture Officer) of GameFi Protocol.
Doctor of economics, former investment director of asset management company and senior executive of listed company. I’ve rich experience in blockchain, financial investment and project management.
We started GameFi Protocol project in March 2021.

CryptoNationIN – That’s great
Could you please introduce GameFi to our community?

Alex – GameFi Protocol is the first GameFi mining pool protocol. It aims to build a GameFi aggregation platform to provide users with a low-threshold way to invest in GameFi. In addition to the basic services of game guilds, GameFi Protocol also has a variety of innovative revenue models such as Machine gun pool,farming (liquidity mining), and Gamelist(IGO),which provide users with a wealth of value capture methods.
We believe that Gamefi, as the entrance to the Metaverse, is an important carrier for humans’ future social, entertainment and even work, and a new digital world in which everyone will participate.
We’ll become a Metaverse aggregate platform and trading platform that everyone can play and earn.

CryptoNationIN – Appears indulging
Please tell us about the tokenomics of $GFI.

Alex – GameFi Tokenomics
The team only gets 9% of the total tokens, and the team tokens are released in 24 months after the project list 6 months. About 68% of the tokens are generated by mining.
GFI is the driving force behind the GameFi Protocol ecosystem:

  1. GFI can be staked in GSWAP to get GFI token rewards;
  2. GFI can be used to purchase NFT products as well as GPST or MPST in GSWAP, and participate in trading, farming, and launchpools;
  3. Users can invest GFI, Forth, ETH, USDT or other tokens in different pools within GMiner to obtain GFI and Game/DeFi tokens;
  4. Users can use GFI to buy Lottery/Grab bag, and get bonus after winning;
  5. GFI will also be used to reward GameFi explorers, GameFi game guilds, code contributors, and bug bounty providers;
  6. Users who participate in NFT transactions will receive GFI rewards.
    Of course, GFI is also an important tool for GameFi Protocol community governance.

GFI mainly achieves deflation through repurchase and burning, which have the following sources:

  1. GMiner fund’s participation in the income of Game/DeFi projects
  2. NFT/GSWAP Tx fees
  3. Lottery/Grab bag revenue
  4. Game List（IGO）income

In general, the holding value of GFI lies in the fixed amount, continuous repurchase and a wide range of application scenarios.

CryptoNationIN – Nice
Please tell us about the roadmap of GameFi.

Alex –GameFi RoadmapWe are hurrying to make product iteration Gamelist and NFT.
We are happy to share with you that GFI has launched pancakeswap 20 minutes ago.

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

Alex – We have received equity financing from Forth Ecological Foundation, IPFS Ecological Foundation, and Evolution, as well as cryptocurrency financing from institutions such as Waterdrip, Bitrise, ChainVC, K24, Gamma, Bitwhale, R8 BLOCK, etc.
As a Gamfi aggregation platform, we will authorize many high-quality games to launch(IGO) on the platform. So the games launched(IGO) on our platform are not only reward based games, but also games with high playability.At present, the track is still in the blue ocean.
So, we have received strong support from several listed game companies and will jointly launch the popular Gamefi. And investment institutions and industrial capital provide sufficient funds for project development.

CryptoNationIN – Could you please tell us about the partners of GameFi as well?

Alex – The listed game companies and strategic investors are our main partners.
In view of the needs of financial supervision, the investment information of listed companies is still in a quiet period. We will announce the specific information of listed companies in the near future, so stay tuned.

CryptoNationIN – Thanks Alex for answering the intro questions in a nice

 

Twitter Questions

Q1. A dominant community not only brings thrilling ideas to the project but also entices more considerable companions. So how is GameFi planning to build its community? And is there a strategy to draft people with Blockchain knowledge to the GameFi team?
Alex – Community is very important to us. We welcome anyone with rich blockchain experience and gaming experience to join our community, and welcome everyone to recommend excellent projects via telegram or official email.
We will build DAO to judge projects based different public chains, wallets, single or multiple token systems, game rules, and token economic models (Tokenomics), etc.
Our community will be composed of Rewards developers who participate in the GameFi Protocol ecosystem-GameFi explorers, GameFi professional players, code contributors, bug diggers, etc. Of course, they need to hold a little GFI.

Q2. Many investors buy tokens then sell them all in sale after initial exchange listing, how did GameFiProtocol prevent early investors from selling their tokens and GameFiProtocol will provide What benefits does token offer them in the long run? What are the benefits of holding?
Alex – As just introduced, GFI has a wide range of application scenarios. We will use part of the project revenue to repurchase and destroy GFI in accordance with the rules.
In general, the holding value of GFI lies in the fixed amount, continuous repurchase and a wide range of application scenarios.

Q3. GFP-DAO implements a democratic system of 1 vote/1 GFI. How will it allow the COMMUNITY to control the majority of ecosystem through governance and voting?
On what kind of decisions can they vote on about the GameFi project?
Alex – The GameFi Protocol supports GFI holders to form DAO spontaneously in order to carry out the community governance of the GameFi Protocol. The DAO implements a democratic system of 1 vote/1 GFI.
The DAO can be decided by voting on:

  1. The rule setting of each function of Gamelist, NFT, GSwap, GMiner.
  2. GMiner project’s admittance into/rejection from the pool.
  3. Whether the project should be IGO on Gamelist.
  4. Whether the new gameplay of Lottery/Grab bag should be online.
  5. Revision and improvement of GFI certificate economics.
  6. The strategic planning of the GameFi Protocol.
  7. More modifications and improvements of rules.

 

Q4. Do you have AUDIT certificates or are you working to AUDIT your project to make it more secure and reliable?
Alex – Our project has passed certik’s audit.
We will also establish a Risk Protection Fund to respond to emergencies.
And we have also established a developer alliance: reward developers who participate in the GameFi protocol ecosystem-GameFi explorers, GameFi professional players, code contributors, bug miners, etc. The main purpose of the GameFi Protocol Bug Bounty program is to prevent the loss of user funds by focusing on smart contracts, websites and applications.

Q5. One of the problems with Gaming platforms is that they don’t have a lot of liquidity, does GameFi Protocol have the technology that enables the true supply and demand economy? Will this guarantee a large gaming trading volume?
Alex – Our in-depth cooperation with listed game companies means that the games (IGO) launched on our platform are not only reward-based games, but also highly playable games.
Therefore, we believe that a large number of players will become full fans of the games on our platform, and the transaction will be very active. At this point, our partners will also give us great support.

Q6. See many people saying that NFT is the next ‘Trend’. I also see some use cases of NFT in the crypto space.
What do you think about the growth of NFT in the crypto space and the real world? Will your project roll out any NFTs in the future?
Alex – Of course, we have already cooperated with listed game companies to launch high-quality games on the platform and jointly issue game NFTs. Any player who purchases game NFT assets will receive GFI rewards when playing the game.
And, the Game NFT can be freely traded on the platform, and users can also get GFI as a reward through NFT transactions.

Q7. I noticed that your project is very active in holding giveaway and airdrop events for the Community. My question is, apart from airdrops and giveaways, what other marketing strategies have you implemented to increase community awareness of the potential that your project brings?
Alex – Before the project list, we will do AMA, Airdrops. After the project list, we will focus more on product research, game incubation and community building. We will hold IGOs, game contests and other interesting activities, please pay attention.
Of course, we will continue to encourage the community to continue to expand our users, and we will use USDT or GFI for rewards.

Q8. I discovered a feature named “Developer Alliance” on your website. Is it possible to contribute code and report bugs using this feature? What incentives have you devised for this Developer Alliance’s members? And how can I be a member of this alliance?
Alex – GameFi has established a developer alliance: reward developers who participate in the GameFi Protocol ecosystem-GameFi explorers, GameFi professional players, code contributors, bug miners, etc.
Any code expert can use this function to contribute code and report errors and get USDT or GFI as a reward. Code experts can apply to become code contributors or vulnerability miners.

Q9. Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice why they should buy and hold this token/coin in the long term?
Alex – Users holding GFI can obtain multiple benefits, including staking, farming, and participate in IGO of gamelistand and NFT, as well as our continuous operations and part of our revenue for repurchase and destruction, which has become the long-term value of GFI.

Q10. GameFi professional players are the traders of GameFi pool, they participate in P2E through your professionalism. GameFi pool have a Bug Bunty Program. What are the key components and features of Bug Bounty Program?
Alex – The main purpose of the GameFi Protocol Bug Bounty program is to prevent the loss of user funds by focusing on smart contracts, websites and applications.
Any code expert can contribute BUGS and get USDT or GFI as a reward.

 

Telegram Questions

Q1. Regarding marketing, what plans, ideas and next steps does GameFi have to attract investors and users? Does GameFi intend to take advantage of the popularity of social media like Facebook, Youtube….to make GameFi more popular?
Alex – We hope to cooperate with professional community operators to carry out various channels and media marketing activities.

Q2. Gamefi release its Launchpad Currently we are having many Launchpad platform,
How do you plan to give more tools & benefits for Launchpad Projects?
Alex – We will provide a full range of services including blockchain technology, operation, community, institutional docking, list on Gamelist, and deep binding operations for the games we cooperate with.

Q3. What is the confidence of investors in your project in cryptocurrencies? What is your advantage over other projects? What makes you believe that your project is worth choosing?
Alex – Our team has rich experience in game development and project operation, with strong execution; As a Gamfei aggregation platform, we will authorize many high-quality games to launch(IGO) on the platform. So the games launched(IGO) on our platform are not only reward based games, but also games with high playability.At present, the track is still in the blue ocean.
We have received strong support from several listed game companies and will jointly launch the popular gamefi.
Investment institutions and industrial capital provide sufficient funds for project development.

Q4. Can you please tell me more about your team members ? I mean howmany people are you ? And what mission is given to each person of you?
Alex – Our team has rich experience in game development and project operation, and strong execution. Currently about 20 members.
The core members of the team include:
Jess CEO
Early investor in cryptocurrency, founder of HC Capital.
Hatched Kishu, Tokau and many other blockchain projects with a market value of more than 1.5 billion US dollars.
A senior community builder and manager.
Ying CTO
In-depth Internet of Things enthusiast, the earliest domestic Internet of Things R&D practitioner.
Head of INT, Apache Mynewt code contributor.
Alex CAO
Jeb CPO
Internet product expert, Blockchain believers and practitioners.Proficient in business architecture
Leading multiple blockchain deposit system projects

Q5. The gaming industry is occupied by a few large companies that decide the direction of the sector. How GameFi plans to disrupt this scheme to encourage gamers to get involved in the project?
Alex – Gamefi’s advantage is precisely that it can break the current monopoly of the traditional game industry. We believe that wo can build a game aggregation platform and trading platform for users to play and earn.

Q6. What is the Best way to follow All your Upcoming news and updates? What are your plans in coming Future? Do you have any plans to add NFT’s to your ecosystem as this is the hottest topic in the crypto space?
Alex – Our business strategy pays more attention to the layout of game NFT assets. The platform will rely on the highly playable games successfully released by Gamelist, jointly issue game NFT assets, and allow users to participate in game NFT mining, game NFT transaction-mining, and participate in the fun and wealth brought by the game itself.

 

Thank you Alex (Chief Architecture Officer) and Community for participating in the AMA. Have a nice day.