We are pleased to announce our next AMA on May 22nd 2021 at 04:00 PM UTC Time: Satoshi Club x PolkaPlay
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join PolkaPlay Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. PolkaPlay Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about PolkaPlay
For more details:
PolkaPlay Website – polkaplay.io
PolkaPlay Telegram – @polkaplay
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Polkaplay is basically right at the intersection of Web 2 and Web 3 where we can position ourselves as a gateway for mass adoption by bringing NFTs to the masses. So is Polkaplay Web 2 or Web 3 or both? I think mass adoption is what any project wants, What plans and actions does Polkaplay have to attract new users and expand mass adoption of NFT?
I see so many projects with the similar name Polkacover, Polkaventures, Polkarare, etc. You named as Polkaplay, what strategies do you use to be differentiated of them? Because i know none project wanna be confused for other. What is your patent between so many Polka projects?
Regarding to the challenges you talked about limited options for content creators and viewers, you also mentioned that there is talented people who can’t get successful because they don’t have funds to finance their growth. What is the role does Polkaplay play in these cases? What are the real solutions and benefits you offer for people who don’t have the enough fund to get successful by content creator? Name them please.
POLO is the main force driving the PolkaPlay ecosystem. It is the native currency of PolkaPlay and is used as the platform’s government and utility token. The total supply is set at 1.8 billion. POLO will be issued and distributed as a BEP20 token. POLO’s use cases are: Utility, Staking, and Governance. Can you explain these use cases to us?
Polkaplay is a unique platform where users can seamlessly create images, short videos, and NFT while earning rewards. So it is a platform very similar to instagram, so how is Polkaplay different from instagram? Why choose Polkaplay?
Polkaplay is building a unique platform where users can create content and convert it seamlessly to NFTs while earning rewards.. so what kinds or forms of contents can users tokenize on Polkaplay, how will they be able to create and mint their contents as NFT’s on your platform, what will be the requirement to use the platform to do so and how will they earn rewards for creating and Minting their contents on Polkaplay.
Some of the advanced features Polkaplay will be offering it’s users includes “Rewards hub” which will enables users to track and redeem the tokens earned and “$POLO staking”, can you explain how the rewards hub will work, how will users track their earned tokens using it, and apart from tracking rewards does it offer any other function. How will $POLO staking work, and how will users be able to participate in both the rewards hub and $Polo staking.
In PolkaPlay it is stated that all fees generated will be redistributed back to the ecosystem to generate rewards and sustain platform growth..can you explain how this fees will be distributed back to the ecosystem, in what ways will they be distributed and for what specific functions will the redistributed fees be used for in your ecosystem
I was reading your website and if I’m not mistaken, PolkaPlay is a social network like the most popular ones (Instagram, TikTok, etc …), but on your platform the content is monetized, which is something quite innovative because nowadays the content creators work for free. So, PolkaPlay brings news as a social network? That is, does it have its own original characteristics for Content Creators and users in general? Which are?
I would like you to tell us a little about your roadmap, because in Q2 2021 you have the following planned: Platform MVP, Staking & liquidity mining pools,
Marketing & audits. It strikes me to know what your marketing plans are, what have been your marketing strategies? Also, regarding audits, have you carried out any audits? With which project have you carried out the audits? Are PolkaPlay smart contracts totally safe? And finally, which of all these Q2 plans have you made and which one is in development at the moment?
Recently, the OnlyFans platform has had a fairly large impact on the community and is in high demand due to its flexibility with adult content. PolkaPlay is aimed at all types of audiences? PolkaPlay censoring +18 content? Also, according to your litepaper, the NFT’s are traded on the OpenSea platform, do you plan to move to other markets in the future?
This novel project allows users to create content and convert it to NFT. Starting from this point, any user could make a copy of some digital content and generate an NFT without being the author of said content, so how are they going to corroborate and be sure that it is original content? What type of content will be allowed to publish on the platform and in what formats?
One of the characteristics of Polkaplay is the bet. How does this option work in the project? How do I get benefit from this feature and can you explain in more detail how platform governance is achieved, to get entry / exit benefits?
How does the Rewards Hub work? Is it a passive and recurring form of reward? Could you explain this concept of Rewards Hub a little more?
Your token POLO will drive the Polkaplay Ecosystem with many utilities like staking to participate for NFT drops, but will the NFTs be the only way you reward your stakers? What about the fees distribution? How it will be done and what will be their destinations?
I have seen many NFTs projects with amazing options but not all of them offer an app with a simple to use interface for trading, selling and monetizing content, can you tell us what plans you have in terms of simplifying the NFT market of your platform and its integration with social networks? Will it be available to download on Android or iOS?
I was reading your roadmap and it intrigues me to know a little more about your plans for Q4 2021. Can you explain what the “gamification platform” is going to consist of? Will you launch a gaming platform? Also, can you give us a preview of the associations you plan to announce? Do you have any news about this?
PolkaPlay is a promising project but I would like to know more about your journey and the trajectory of the project, what are the milestones achieved that were decisive for the development of PolkaPlay? When was the foundation of the project? And finally, what is your ultimate goal or your broad objective in the DeFi ecosystem and in the crypto world?
Social networks today are in high demand and even indispensable for many people, but the most popular ones do not provide the ability to obtain economic benefits neither to the creators nor to the users, this is the main reason why you launched the project? Is there any other reason you decided to launch PolkaPlay?
You plan to create a platform where artists can drive towards success, can you tell us what it would be like for an artist to integrate from scratch into your ecosystem? How many $ POLO should he hold to place advertisements and monetize their work?
PolkaPlay basically works like a social media platform where creators can monetize their art. But with platforms like YouTube or Instagram where people can make enough money to live, how do you plan to attract users to feature their art on your platform? Do you expect PolkaPlay to grow to the point that it becomes a competitor of these big social media platforms?
One of the benefits for content creators is the ability to sell their NFTs to their followers or larger audiences by getting featured on your collection drops. Can you tell us more about these drops? What do they consist of and how often do you do drops? Also, how can a creator get featured on one of them? Do you include them based on things like popularity, engagement, number of followers, etc?
The $POLO token is an important part of PolkaPlay. Can you tell us what are the main use cases of this token? How can creators and followers benefit from holding $POLO? And I didn’t find nothing about token sales, so how can we get the token?
Being PolkaPlay a blockchain project, some creators may not understand it and get disinterested and go to other platforms, so is PolkaPlay beginner-friendly for this kind of user? Can a creator with no knowledge about crypto use your platform without problems? And in the case that the users want to learn more about NFTs or crypto, do you have plans of including educational content?
Polkaplay allows users to mint their social content such as images and video skits into NFTs which can be traded on marketplaces. However, blockchain based collectible and digital assets often raise speculations that has to do with plagiarism and ownership controversy. What principles regulates the creation of digital collectibles on your platform? Do you have a way of imprinting digital signature on users content which will grant them the right of exclusive owners as well as ascertain the proof of ownership? How do you reward originality as well as detect/punish digital theft?
One way to encourage more users interaction with platforms is to have a simplified click-to-solve solution that do not require much technicalities. If I wish to tokenise a social content into NFTs, how has polkaplay simplify this and what are the step by step procedure to follow? And since users can only mint 1 free NFT in 24 hours, what additional fees will it cost if a user wishes to mint more than one within 24 hours? Will these NFTs only be available to your marketplace and platform users alone or can users share their creation to their followers on other Web 2 social sites such as Instagram, Facebook, twitter and others?
Your plan is to launch on BSC but you will utilise the support of PolkaFoundry and Polkadot blockchain for gasless minting in order to ensure that users do not pay any gas before they can mint NFTs. How do you intend to merge your activities on these two chains together? Also, on both chains, gas will always be required to process on-chain transactions, so how will it be possible for you to ensure a completely gasless NFT minting process? On which platform are you going to launch the beta version planned for Q3?
Polkaplay serves as a helping hand for the talented folks where they can sell their creations as NFTs and earn money. Will polkaplay take a percentage of their earnings as a commission if a user buys from them?
How safe are transactions in PolkaPlay’s NFT marketplace? What security protocol do you have to ensure that there are zero scammers on PolkaPlay? Is KYC needed?
PolkaPlay is a unique platform, almost as the same as every social media platforms where the can post pictures. The thing that differentiates PolkaPlay is that they can EARN by posting. How would the pricing of contents be known? Will PolkaPlay price this or the main owner will?
What are the prospects for NFT in the current situation ? How to stay cool in the current situation in the cryptocurrency market?
One of the core values is the uniqueness of the content. How does PolkaPlay protect copyrights?
Participating in PolkaPlay’s staking programme, entitles users to enjoying some added incentives and rewards amongst which are; exclusive NFT drops from PolkaPlay’s collection & creators and also entitles users to the PolkaPlay governance privileges which enables them earn returns from entry and exit fees. Undoubtedly, these privileges don’t come free and are subject to some requirements from community members. What are the basic and mandatory requirements available to the PolkaPlay community in order to enjoy these benefits, and how is the staking programme run?
$POLO works by applying fees to the staking entry & exits. The fees are redistributed back to the ecosystem to generate rewards and sustain platform growth. Combination of entry and exit fees will ensure that staking vault will generate returns and the ecosystem will continue to grow. Can you tell us how much would be fee being executed for entry and exit for staking? Aside from this fees for entry and exit in staking for $POLO to works,what other ways for Polkaplay to earn revenue in its platform? Thank you
Even as PolkaPlay gives users and creators the ease to freely express themselves through a variety of user exclusive digital contents; NFTs, art, and audio contents, it is also important that these contents either created, traded or transfered within the platform are uniquely exclusive and original. With this obvious concern, how does PolkaPlay ensure that contents created or made available on it’s paltform aren’t palgarized or stolen, and how does the platform guarantee that creators and digital content providers are adequately rewarded for their works shared on the platform?
With Polkaplay, creators will be able to do exclusive drops for their fans and scale effectively.They can list their NFTs on the marketplace seamlessly. Creators can share content across many platforms to engage fans and more. How to become creator in your platform? What are the example of exclusive drops that fans can get from the creators? How will the fans will have a chance to be connected with their favorite creators? Thank you
The Moon Mission Community drop runs until May 26. We need to complete the tasks on gleam to win. As a reward, 50 lucky participants get $ 30 worth of $ POLO each at the Public Sale price. I completed all the tasks, but this is only 4 points. Is there a way to get more points and increase your chances of winning? How will the winners be selected, will it be random? And how do you contact the winners, will their names be tweeted with the results of the drop, or will you contact everyone personally?
You are inviting users to convert their content to NFT and sell it to their followers or larger audiences by getting featured on your collection drops. So what does the process of converting content to NFT look like? And how can such an NFT get into your collection, for this you need to fulfill some specific conditions? Can we see a few of the NFTs from your collection?
One of the main feature of PolkaPlay is it allows content creators to cash in on their talent. How can a NFT artist join Polkaplay for it ? Are there any requirements for like hodling $POLO? Most importantly how do you protect original creators ownership and copyright issues?
One of the main feature of PolkaPlay is it allows content creators to cash in on their talent. How can a NFT artist join Polkaplay for it ? Are there any requirements for like hodling $POLO? Most importantly how do you protect original creators ownership and copyright issues?.
How is the network built? Do I have to pay for CPU, RAM, NETWORK?
Is there a limit to the memory size of the content I create?
If yes, how many mb maximum size?
Are there any moral limits? Porn, Cruelty. If there is a limit, how is the decision to remove content made?
How do you protect the copyrights of content creators and the rights of buyers? I know there is no problem creating a copy of a popular NFT and putting it on sale for less than the original on any of the existing platforms.
This situation hurts both creators and buyers who spend money on copies that have no value.
What is the plan to protect the copyright of your creators? Can I feel safe uploading content to Polkaplay platform without being afraid that I might be plagiarized?
I am a beginner in the world of cryptocurrencies, do you think that the $ POLO Staking process is easy enough so that I do not fail in the attempt?
I see the offer for users to mint their content and sell it on the PolkaPlay and immediately think this will invite substantial copyright infringement problems, at least at first. How do you plan to guard the content owners rights from cheats that are bound to try to steal and resell content of other artists?
Want to learn more about staking POLO. I read that it will allow users to participate in NFT drops from your collection & creators. Users can also participate in platform governance and earn returns from entry/exitfees. What is the expected share of the fees that will be reflected to stakers? NFT frops, will those NFT be airdropped for free to the stakers or will staking be just a requirement to be able to purchase from the drop?
Your tokenomics shows that a hefty 20% of the tokens is in the Team wallet as well as 14% in the foundation wallet. Could you please tell some details about the plans for those large shares? How do you plan to use those tokens, what benefits can users expect from the team using their and foundation tokens? Especially interested what is the role of the foundation in the future of the project.