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!
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 – 
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.
- Proper market making support from our market making vendor will help from SEVERE price action. No “Darth Maul Candle action”.
- 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)
- 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 –
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.
