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.
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
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 $7.5B to Oracle Corp.
CryptoNationIN – Could you please introduce StrongNode to our community?
Daniel Saito – StrongNode (http://strongnode.io/) is an Infrastructure-as-a-Service technology company and innovation lab. We harness the power of latent and idle compute like the CPU/GPU cycles, network, and storage of the everyday common man/woman. In return, you get paid in StrongNode tokens [$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
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.
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.
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
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.