Thanks all for participating in our ImageCoin AMA. We really appreciate all your support. There were really good and thoughtful questions that were asked. For those who missed our AMA, this blog post is for you .
Mayank – Hello 🙂 @mcene welcome to CryptoNationIN. We are glad to have you here.
Manuel – Hello everyone.
Mayank – Before we start, I request you to tell about ImageCoin Project and about yourself.
Manuel – I’m Manuel from Portugal , Im software enginner and I started work with crypto in 2018. So, I create ImageCoin and ImageCash. ImageCoin project born in 2018, fork of Dash with function of transmit images videos and data with privacy in blockchain.
Q1. What are the great achievements that ImageCoin has achieved so far?
What difficulties and risks did you encounter during project implementation and what factors helped motivate you to overcome difficulties?
Manuel – The great achievements was build a amazing community around ImageCoin, these been possible to ImageCoin been the first coin 1000x in 2019. The risks we have was when chain stopped because someone send a big size image.
Q2 .What is the difference between your IMG (imagecoin) and IMGC (imagecash)? what are the utility and real functions in the IMAGEHOSTY ecosystem?
Manuel – ImageCoin is used to transmit images videos and data with privacy and in decentralized system. ImageCash is a currency to buy images in online platform of images as IMAGEHOSTY.
Q3. Can you list 1-3 killer features of Imagehostycom that makes it ahead of its competitors?
What is the competitive advantage your platform has that you feel most confident about?
Manuel – Imagehosty create a social network around a cryptocurrency (IMGC),you can buy images with crypto the allow can protect your privacy. ImageCoin is the first coin that allow you send images in blockchain.
Q4. What are some milestones to look forward to? What do you predict largest challenges will be in the future? How do you plan to address them?
Manuel – We build some mobile apps with function of send images and messages, with the ImageCoin blockchain is possible create a webchat or telegram. In future we want improve the apps and increase the size data of transmission.
Q5. What are the ways that Imagehosty generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
Manuel – The ImageHosty generate revenue from masternodes of ImageCoin and ImageCash.
To invest in masternode you need hold 10000 IMG or IMGC and today the rewards of masternode holder is 6 IMG /day and 38 IMGC /day. For investor only hold IMG can have instant rewards.
Q6. For money to be Smart, it must be instant, zero fee transactions and private. Does imagehostycom meet these 3 pain points of payments?
Manuel – Yes ImageCoin have instant payments, receive coins in seconds, and with algorithm x11 of dash are the most secure and privacy. Because blockchain of IMG increase fast around 2GB today, so who want only buy images with IMGC dont need download all blockchain.
Q7. Why did you decide to build your project with two currencies (IMG and IMGC) instead of a single token that integrated all the functions?
Manuel – Sending Images in apps like webchat telegram, these images are centralized in servers. ImageCoin resolve this privacy transmiting images and data peer to peer.
Q8. Why do I need to send my images through ImageCoin? What benefits does this offer? Is it not easier to send it directly by whatsapp or telegram?
Manuel – Imagecoin offer secure and privacy of images and data, currently exist the problem of hackers share your photos saved from Cloud services.
Q9. How Can ImageCoin be useful to non-blockchain people outside, I mean real life utility?
Manuel – ImageCoin have instant payments , send coins and image in seconds. ImageCoin use algorithm x11 from dash that provide secure and privacy of your data.
Q10. For money to be Smart, it must be instant, zero fee transactions and private. Does imagehostycom meet these 3 pain points of payments?
Manuel – ImageCoin allow transmit Images of 8MB , in future we want solve to support more.
Q11. Most projects are looking to solve scalability. What’s your view of it?
Manuel – The projects need delivery best experience to users. With amount of data created in world and users, scalability are every a problem.
Thank you to Manuel Costa, and Community for participating in the AMA. Have a nice day