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.
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.
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:
- GFI can be staked in GSWAP to get GFI token rewards;
- GFI can be used to purchase NFT products as well as GPST or MPST in GSWAP, and participate in trading, farming, and launchpools;
- Users can invest GFI, Forth, ETH, USDT or other tokens in different pools within GMiner to obtain GFI and Game/DeFi tokens;
- Users can use GFI to buy Lottery/Grab bag, and get bonus after winning;
- GFI will also be used to reward GameFi explorers, GameFi game guilds, code contributors, and bug bounty providers;
- 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:
- GMiner fund’s participation in the income of Game/DeFi projects
- NFT/GSWAP Tx fees
- Lottery/Grab bag revenue
- 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 –We 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
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:
- The rule setting of each function of Gamelist, NFT, GSwap, GMiner.
- GMiner project’s admittance into/rejection from the pool.
- Whether the project should be IGO on Gamelist.
- Whether the new gameplay of Lottery/Grab bag should be online.
- Revision and improvement of GFI certificate economics.
- The strategic planning of the GameFi Protocol.
- 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.
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:
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.
In-depth Internet of Things enthusiast, the earliest domestic Internet of Things R&D practitioner.
Head of INT, Apache Mynewt code contributor.
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.