We are pleased to announce our next AMA on February 13th 2021 at 02:00 PM UTC Time: Satoshi Club x The Famous Token
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join The Famous Token Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. The Famous Token Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about The Famous Token
For more details:
The Famous Token – @TheFamousToken
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Can The Famous Token be used for creation of celebrity based NFTs not just based on pictures but songs, music, videos ? Is the team looking into this possibility?
How do you plan to attract celebrities and get their consent towards creation of NFTs based on them ? Do you have any major celebrities showing interest in your platform? What do they gain from creation of NFTs in their name?
“The more attention the famous person gets the more valuable your NFT.” How is value of attention a celebrity gets calculated? Who assigns the corresponding worth to the celebrity’s NFT? Is it human decided or is it coded into algorithm?
Why do you think this project will succeed.
What is your vision?
What do you expect from the following year?
1. Will you be adding lower entry NFT’s in the near future to attract a wider audience?
2. Who is your all time favourite famous person?
How many famous people will there be?
TFT focuses on trading on celebrities Fame and other famous personalities. A value asset (like picture) or celebrity is traded on the network. How you determine the value of a celebrity picture. How does Meme Token contribute to global celebrity Fame value?
I have read that you are a mechanical engineer and you resigned from your job earlier this month to fully focus on The Famous Token, TFT, Project because you seems so certain that TFT project is going to transform the NFT landscape. Don’t you think this is a gamble? Why are you so upbeat about TFT? What unique introduction do you think you will bring into the already widely populated Defi NFT atmosphere which will make this project big, both for you and on-coming investors?
Your vision is to digitize famous people and only 1 limited NFT of a famous person can be minted. Since I will need 100 cards to mint an NFT, how do I get more cards? Will the numbers of card needed to mint NFT be thesame irrespective of the famous person or you will be grading these famous individuals in tiers with famous people in top tiers requiring more cards and lesser graded person requiring fewer numbers? Also, can I reserve the NFT of a famous person if I don’t have the needed number of cards yet or it will always be a case of first come first serve?
Your token distribution says that total TFT token supply is 100,0000 with 37% available as market circulating supply while 35% of these will be locked and will be released 12 months after public sale. Where is the remaining 28% of the TFT allocated to? Also, since cards used to mint NFT can be gotten from TFT staking and LP provision, where do the TFT staking and LP provision occur and what are the requirements (liquidity pairs, maximum or minimum amount, duration) and card yield rate?
Regarding the celebrity images in your NFT design, do they have anything to do directly with this project? I see this like an endorsment but wonder if they realize their image is being used for commercial use?
The meaning of famous in my opinion is subjective, there is no parameter that someone is more famous than others. How do you determine who will be painted on the card? was the community involved in these elections?
i see that The Famous Token project can farm limited NFTs with art from Famous celebrity, but what is the connection from your token (TFT) to the NFTs ? do you have any guide how to get the only one limited NFTs ?
i read your site that you have Limited NFTs from famous people like Leonard Dicaprio and its produce only one for every NFT, but i just wonder do you already have permission from Leonardo Dicaprio him self ? did he or other celebrity allow their picture become a NFT ?
What currency can I pay when buying TFT? Can I use, for example, fiat or credit card?
From what I understood, your project is based on selling-buying famous people images cards, but will this cards representing each one of them be classified into some sort of leves of famous? For instance a Freddie Mercury card will have the same value or be in the same category as a Justin Bieber card? Speaking of this, how many of this cards will I need if I want to have a NFT?
The safest way to store coins today is to always put them in a type of “cold wallet” where the wallet will only have access to the blockchain when funds are sent, which reduces the chances of being hacked.
Do all hardware wallets support your token? What can you recommend us for TFT storage?
How many cards from famous people do you have right now? And what type of famous people you have the most (singer, actor, influencer)? If I want to add one card that is not in your data base from a person you don’t have yet, is that possible? How can I do it?
I read on you page that “There will be just one digital picture of the famous person.” So, does this mean that there will only exist one imagine of this famous person, that is totally unique on its kind, but you can have more images (all different ones) of this person? Or will only exist one image of them on your entire platform and that’s all? Speaking of this, where did this imagen come from? Are they never seen before images?
There are some questions about what makes an NFT special other than the time it takes to print it. For example, exclusive rights or from certain artists that attract celebrity attention? What prevents others from launching the same concept? That will help establish the potential market value at OpenSea.
TFT contributed to global celebrity fame. I saw on your YouTube channel a lot of famous celebrity NFTs, one of which is Leonardo de Caprio. Could it be that one day NFT celebrity Mia Khalifa will attend ?? in my opinion it’s the most popular:)
Are there any legal consequences that must be considered in order to profit from one’s likeness? If it doesn’t matter, is there any need for IP compensation for the photographers, as I’d expect you’d be using commercially available photos?
From your farm pool we can collect 100 card to mint 1 Limited Famous Person NFT,
can we do trading the card / the NFT with other people ? or maybe since its limited and only mint 1/1 NFT,
is it possible to auction it? do you have your own marketplace NFT ?
In order to generate an NFT the users should have 100 or 200 cards depending on the collection they want. I’ve noted your NFTs can be freely sold at Opensea, what about the cards? Can the cards be sold too? Does it have an individual value?
The Famous Token has an ERC-20 token contract. Many investors are complaining about the incredible high fees that must be paid with Ethereum, how is the fee strategy for The Famous Token so it won’t be a disadvantage for the platform?
I was observing the distribution of the tokens in your website and it caught my attention that the “35% Blocked”
35,000 tokens locked for 12 months.
Could you explain to me what is this?
Since THE FAMOUS TOKEN is the first NFT with a real use case. Did you have permission from famous people to use their photos or something? What was the idea of achieving a great project like this?
Can you explain to me about the limited NFT images? How can I get it and what benefits does it bring me? Does it have special functions or something?
The main feature of your project is that you only create one NFT for a famous person. However, the most important problem with NFTs is the limited use case. Could having a famous person’s NFT be sufficient sales motivation for investors or users? So how can you be sure that there will be sufficient demand for your products?
Staking is the core feature of The Famous Token, how does this platform reward their stakers? Are the cards the only payment method?
For making listing proposals people have to use a decentralized voting platform and it’s needed to connect a Metamask wallet for it. How secured are our assets by making this action?
The Famous Token TFT has 3 key attributes and one of them is Simplicity..If we think the word Simplicity and Famous it really contradicts with each other right?So how do you manage to design TFT to be simple and easy to used?How did you make this possible by the fact that it can be interchangeable?
By staking the famous tokens i get reward cards. I can redeem these cards for picture rights representing the famous person. Famous actors, singers, Influencers…
Can I create my favorite actor’s NFT on your platform myself?
What do I need for this process?
The Famous Token is derived from Ethereum Blockchain..And as you have said that the TFT have a uniform and speedy transactions and the transfer of assets are immediate and quick..But how can you maintain the uniform and speedy and immediate and quick transaction if you are still in the lap of Ethereum Network which are known with its scalability issues high fuel cost and low transaction speed?So do you have an advance protocol and improve solution to overcome this difficulties and issues?
How do you intend to integrate TFT into Dapps of social networks? And how do you intend to integrate TFT into the decentralized market itself? Do you think it is possible to achieve these goals this year?
Can only TFT token be traded on Uniswap? Is there another exchange where the TFT token is located? What are the fees that this TFT token contains?
Why do they say that TFT is “the first NFT with a real use case”? And how can I get rewards cards using TFT? What is the link of the cards with famous people?
Since TFT Token is originated from Ethereum Network..Dont you have plans to migrate to a more scalable Blockchain like BSC polkadot or Tron blockchain?And about TFT dont you also have plans to add more utility and use case or you are just settling to what TFT are used for,, for now?
Currently the vast majority of DeFi projects are focused on NFT tokens, but none really propose a real utility, but if The Famous Token will have it, how will it achieve it? And really what is that real function that the others have not been able to implement?
You say that with The Famous tokens it will be possible to enjoy “the success of the famous”, but really what is that success here at DeFi? will it just be popularity and bigger rewards?
As your project is focused on NFT, do you think that this type of tokens will really revolutionize the market to such an extent that they will be preferred over trust tokens? or will NFT always be one more function?
really who are the famous actors, singers, influencers that are associated with The Famous Tokens? And could new influencers be added who can create their own tokens?
They show on their Road Map that in Q1 2021 you plan to focus on mass adoption, but could you really detail us what are the plans you have to achieve it? marketing campaigns, giveaways and more?
I understand that they have an NFT token betting program, but if I really bet the tokens of a specific artist, will my rewards refer to that artist? or can I change to any other?
They mention that they will integrate the TFT in Dapp of social networks, but really which social networks do you mean? are some already known? or will they be fully developed by The Famous Tokens?
What do you really think will be the town that will be most attracted to The Famous tokens? Do you think the American will be because it contains the most famous people?
In TFT system NFT cards of famous people are created, and anyone can propose a famous person through a decentralized platform. But “famous” is a relative term since you are a global project, meaning one may be famous in China but not in Russia. Do you have a verification mechanism to accept or reject a proposed person as famous? After the proposal go public, what are the criteria to be approved? For example, is there a chance that I propose myself and get my own NFT if I got sufficient votes?
TFT is a decentralized fame market and in The fame market it allows users to stake the TFT on the website and earn “cards”. And these cards will be used in buying a picture/meme that represents the digital value of a famous person. So what will happen to the cards after we purchased the picture? Also how about the picture, can we maybe sell it? If so how & where?
On my understandings, correct me if I’m wrong, to be able to earn cards and for us to mint an artwork is we need to stake our $TFT right? So how to stake and may we ask if we can get our $TFT and ETH back after staking? Also aside from earning cards, what else we can get?
In order to get 1 NFT, we need at least 100 to 200 cards right? So how long does it take for us to earn 100 cards? Also if we want someone to be listed as the next famous NFTs, what’s the process we should need to do and how?
Good publicity & a well-distributed user base are essential for the value of the TFT. What strategies do you use to publish well so that you get the right user base for better TFT scores?
can you claim that TFT is secure just because it comes from Ethereum tokens? can you explain in more detail the security system used so that users are absolutely sure that TFT is safe?
The famous Token is the first NFT with a real use case. There will be just one digital picture of the famous person. So, can you specify what is the real use case of Famous Token? How does this use cases brings impacts to the platform and the network? Could you tell us those famous people that acquire digital picture in your platform? Thank you
Tell me, in order to get NFT, I must stacking my funds for 50 days. The market is not sleeping, this is quite a long time for which the price of ETH and TFT can fall significantly. For understanding the risk, I need to know what I will earn? What am I going to get in addition to cards? Will I get the interest on the funds that are in the stacking? If users do not buy NFT, do you guarantee the redemption? So, that I can be sure in the profitability of this project.
The succes of my investments depend from from the demand for NFT. Do you consider that your NFT using the image of stars for sale affects copyright? Plus, celebrities can release their own NFT, and for fans it is much more valuable. Thus, the project may not be in demand, and my investment will be negative. Do you have plan B in this situation?
The famous Token is the first NFT with a real use case as you claimed on your website. What is the usecases that can make the NFTs valuable asset besides having a collectible by famous people?
The 35% of $TFT supply are locked for 12 months but the 12% tokens that allocated for TheFamousToken team are not. Do you have plans to also lock the teams token? Many projects are locking the teams token and investors are looking for this feature too.
How will The Famous Token deal with copyright or commission fees that comes when dealing with this kind of projects that uses images or any materials that belongs to artists? Do you have a designated team or agents that arrange legal matters?
i just curious can you tell us about who are designer for your Famous Person’s NFT, is it possible outsource designer or your community to contribute by giving their art for your limited NFT ? what is community can do if they want to contribute to your project?
I want to ask, what are the uses of your limited NFT (the only one) apart from being a collection and sell it in NFT market? How do you increase the selling value of your famous artist’s NFT?
Hi there, first of all congrats on your work! Are there any plans to list somewhere elese then uniswap to avoid the fees? Cheers!
What can we do more as a comunity to help in combating scammers from taking advantage of newer people arriving in our comunity?
Do you have some partnership anouncements in the near future? If yes can you leak some information?