We are pleased to announce our next AMA on August 16th 2021 at 05:00 PM UTC Time: Satoshi Club x HighStreet
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join HighStreet Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. HighStreet Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about HighStreet
For more details:
HighStreet Website – highstreet.market
HighStreet Telegram – @highstreetworld
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Virtual reality is really a “replanted land” with more applications and better development in different fields and industries of society. Highstreetworld is building virtual technology (VR) for Artists, Gamers, crypto enthusiasts. Currently NFT and GameFi are growing very fast, will Highstreetworld face any barriers when entering this market? What is your plan to exploit the full potential of the market? I don’t know if the Highstreetworld platform is exclusively for gamers? What about non-gamer users? Can they still generate income even without playing your game? If so, what are the other possible ways?
Highstreet is the bridge between Virtual Worlds, Real life, and Web. The products on your market are crafted to exist both in physical and virtual form and always come straight from the brands. You spoke about authenticity. That, product tokens are linked directly to the original brands and creators you love. Also, products redeemed on Highstreet will always come directly from the source. Meaning investors can always trust which products they buy from your market right? My question is, about this authenticity, how can you give your investors or customers on your market the assurance that products they buy from your market are really from the original brand themselves? Any examples you have to show us?
What is the history of highstreetworld, can you share a bit about the background of the project founding team? Nowadays, there are many NFT projects and games launched, so what outstanding features does highstreetworld have that make it attractive in this market? As a game platform, what games does highstreetworld currently support the community to join? What kind of games do you plan to add in the future? How do you plan to expand to non-crypto users since there are a lot of gamers with no blockchain knowledge?
Your services include, providing the opportunity for gamers, artist and crypto enthusiats in generals. My question is, about gamers, what type of gaming services do you provide on both your virtual and physical market. Is it something general or some specific games?
Also, how does one enjoy such services?
Community support is one of the biggest aspects of the project’s success. Most projects have programs that interact with their users. A strong community not only brings interesting ideas to the project, but also attracts larger partners. But Not all Crypto Investors understand english, russian, french, mandrian, hindi is the most widely spoken and most people in crypto space also, does your HighStreet project team have a separate telegram community for these people? How does #HighStreet plan to build its community? And are there any plans to recruit people with Blockchain experience to the #HighStreet team?
On Frontend: Web- could you please explain to us in a layman’s understanding on what you really mean by “the market place front end interface is a Web application built on React ?” How could a member redeemed a Product Token? By redemption of Tokens does it mean that Same token already traded could still be acquired and how? Could you please explain to us, thanks
On the White Paper, Backend: Ethereum/ Solidity- you did said smart contracts written in solidity will mint new product tokens every time a user deposits DAI or ETH into the product Reserve Pools. How does a member acquire this DAI or ETH tokens that will be deposited into the product Reserve Pools? What is the benefit of the product token value to be calculated via a pricing function which could be directly inspect in the respository to the depositors?
On Whale Alert – you did said that you have Incorporated two main forms of defense, the first being by means of the reserve ratio, the higher the reserve ratio between Reserve Token Balance and Product will lower the price sensitivity, this means depending on the product and can tweak the reserve ratio to ensure dratic price swings don’t occur? The second being by means of KYC, which you did said you understand may be a hotly debated issue, and as of now you people have no other means of limiting the amount of the same product each individual can buy, hence open for community suggestions. Does this not mean that the system is vulnerable here and in which case the community would be badly affected? And do you intend to fix this?
While reading the information on your website, I noticed something that caught my attention. You created the concept of “Proof of Play” (PoP). This concept seems interesting to me. Can you explain this concept to us in detail? Why did you decide to create it? You mentioned that you would rather Proof of Play instead of Proof of Work. What are the reasons for that? Besides the name, what are the most notable differences between these two concepts?
I read that you plan to allocate 30% of the total STREET tokens into a reward pool for Proof Of Play. In this way users can earn STREET Tokens by participating in VR activities. Activities of this nature will fall into two categories: Achievement-based or Competition-based. How will the distribution in these two categories be? Will it be 15% for each one? Or will one category have higher rewards than the other?
One cool feauture of holding a Highstreet’s product token is that it makes the holder a shareholder of all transaction fees generated on the market for that product tokne. It is a good and efficient way of having passive income in your platform. However, I have learned that those product tokens has an expiration date. My question is that, do all product tokens has expiration dates? How do you set the expiration date, is it based on the product’s quality? and lastly, if the product token expires, does this mean the holder will not recieve his/her shares on the trasactions?
I have questions about your delivery policy and protocols. What happens if the parcel/products has receive damage of any kind during delivery? Does the product has warranty issue and do you have return policy? Also, after purchasing and redeeming my product in the Highstreet Market and request a delivery to my specified address, would there be any additional charges/hidden fees for shipping and delivery?
Highstreet is using a newly constructed network consensus called Proof of Play, where users are opt to participate and get involve on the platform activity to be eligible of the incentives. Aside from active participation in your platform, is there a passive/inactive way of earning profits in your platform also and if you do have, how can we utilize this?
The study that highstreet has carried out on hybrid products is interesting and as these are key in the current evolutionary market, your products can exist in physical and virtual form but it is important that these products come from brands to guarantee a successful interaction. of highstreet come from some brand? Are your products generated independently of any brand? How important is highstreet to the use of trademarks for native products?
On some occasions I have had to wait for the participation of buyers and sellers due to the little liquidity that emerging projects have, you have a characteristic called “Instant Liquidity” through curves called “StreetSmart”. What are these curves about? “StreetSmart” and how do they influence liquidity systems? How are these curves linked to instant liquidity?
there is a subscription process within highstreet related to 3 different characters but there is not much information about the role of these 3 native characters, “Artist / Gamer / Crypto Enthusiast”. What benefits and responsibilities do each of these underwriting positions have within highstreet? Why are these positions divided? Are you planning to add a new role in the future?
I was reviewing your interactions on Twitter and the announcements you have made, I found a publication related to virtual reality glasses and how a person adapted their sofa and home with a futuristic vision, this is what highstreet refers to when it says that it will offer hybrid products about real life and digital life? are all your products related to virtual reality or do you have separate gaming products? Have a brand related to virtual reality products made an association?
Sandbox has been speaking positively about the platforms that offer products linked to virtual reality, NFT and any advance that contributes to the development of the current Metaverse, will highstreetworld offer any product similar to skins or avatars? Do you have a similar vision to Sandbox?
I was surprised on twitter as a user named Hart Woolery uploaded a virtual reality simulation video where he changed the textures of his own flannel through light touches, the technology was called “Snap AR”, highstreetworld worked with some product similar to East? Is there an association with “Snap AR”? Have you considered these types of ideas to actively compete in the virtual reality market?
NFTs exploded near the end of 2020 and subsequently drove the world into a frenzy during the first quarter of 2021 with staggering sales like 3Lau vinyl and Beeple’s first 5000 days, as highstreet will make successful collaborations to increase value o prestige of your NFTs? Have you found connections interested in promoting hybrids over virtual reality? Do you consider that even the NFT market can be exploited?
Hype-driven NFT platforms work by encouraging people to buy multiple PNG files that are nothing more than “URLs” to an address on the blockchain, in the hope that one day they will increase in value multiple times, as you get them to. Are the NFTs of your platform liquid? is it possible that these NFTs have a time limit to try to sell them?
NFT’s secondary markets like StockX are plagued with logistics overheads. Once a buyer is found, I as a seller, must guarantee the delivery of the product and its authenticity, do these types of cases also occur within highstreet or are your policies different? How does highstreet’s logistics overhead work?
I do not know the negative effects that logistics problems can generate in an instantaneous liquidity, you use not very common solutions, the use of “linkage curves”, which is a linkage curve as this may be the future for alternative asset markets ? What is the formula that can allow cryptocurrencies to find their first fit in the product market?
Linking limited edition products to a linking curve creates a natural price discovery mechanism, but liquidity guarantees are needed for your buyers, is it possible that there are liquidity guarantees when making this product linking? How does highstreet calculate the price based on a generated offer?
I read on Medium that when using a smart contract vault, Highstreet’s StreetSmart linkage curves guarantee liquidity for the buyer at all times, what happens when someone decides to convert each individual product into ERC-20 tokens? Who or how are logistics overhead eliminated for alternative asset traders? does the actual product always come from the merchant?
I read that their StreetSmart ™ linking curves allow their marketplace to directly buy and sell product tokens at a dynamic and fair market value 24/7. Regarding this issue, this system implemented by Highstreet establishes the prices at which each of the tradable assets on the platform will be compared and sold? Is it possible to verify that the prices expressed through this mechanism are really the best in the market?
I read that the products on your marketplace are designed to exist both physically and virtually and always come directly from the brands. The first question that arises is, which brands are in direct partnership with Highstreet so that this design can be made possible? Are the digital assets, which have their real-life counterparts, really the same assets or is it a support to back up the existence and value of Highstreet’s digital assets? How exactly does this system work?
Hi! Here are my three questions that I’d really like to know the answer to.
1. Suppose, a user redeemed/bought a product from high street. Can he/she transfer the ownership to another person? If yes, why? If no, why?
2. Are there any future plans to get artists involved from other continents, like Asia, Europe, etc. And, expanding the high street metaberse around the world.
3. What QUALITY CHECK measures are followed to ensure the products delivered are of best quality & flawless?
That’ll be all!
Thank you.
One of the features of Highstreet project is the use of Bonding curve. Generally, there are many Bonding curve formulars one of which is the Bancor formula. The Highstreet uses the bancor formula, of all formulas, why did you use the bancor formula? What is the impact of this formula to this project? The Bancor Formula has some limitations, one which will affect Highstreet Use case of connecting to real world products. How did you handle this? Since your token cannot be fragmented, how will you handle the Bancor curve to meet up with Highstreet goal?
The current scenario is really hyped with gaming and NFT. So being a metaverse, how do u plan to integrate both these hot features in your Platform? And VR being the core center of this project what difference a gamer and a consumer can feel while playing or shopping on this platform?
You have a great experience in VR and are in the market for long time. But this is the beginning in crypto or blockchain. So do you think you can make a great success with these virtual reality market place combined with gaming, NFT, real estate etc. I know the answer would be yes, but how can you convince us that Highstreet will be a guaranteed success?
In a recent AMA , I have heard you mentioned that you are aiming for $1 Public sale and planning for CEX listing in September/October this year. So what is your road map and it’s progress?
You have implemented a consensus algorithm known as Proof of Play mechanism,we are only familiar with Proof of Work,Proof of Stake etc.Can you tell us more about this new mechanism in your platform?How does it work?And what is the purposes of Proof of Play mechanism in your platform and how will this benefit users holding $HIGH token?
You have mentioned that product tokens are linked directly to the brands and creators on Highstreet Market. What is the advantage of this feature? How do you assure there will not be any intermediaries? We cannot see any reviews on your marketplace. Do you publish some in the future? Further, please explain how do you provide the said facility and what are the technical aspects behind it. Do you have experienced members in your team to handle it?
What kind of products will be available on your marketplace? Is it mandatory to hold your token to buy from the merchant portal? You have indicated that the products on the marketplace are crafted to exist both in physical and virtual forms. Can you explain this? Do you offer a physical form and a virtual form of the same thing? Or are there seperate physical products and virtual products? I cannot see any details about the products. Is the merchant portal yet to be launched? When selling physical products, do you offer worldwide shipping?
Linking limited-edition products to a peg curve creates a natural price discovery mechanism that also serves as a liquidity guarantee for buyers. Highstreet solves liquidity and logistics problems in alternative asset markets by using linkage curves. Can you explain how the Bonding Curves work? What do these bonding curves allow? Does every product sold on highstreet have a physical counterpart through these linkage curves?
HighStreet is about to revolutionize shopping and be a pioneer in the field, as the concept behind it is not only new but also completely unique. The platform will link the buyer directly to the seller and therefore you will not have to wait in long lines or press the update button on the website. Can you explain what the bonding curves are? What advantages do these binding curves offer to users?
Highstreet’s gamification shopping platform offers a virtual assistant known as ‘Street Smart’, which will guide you through the shopping experience. Virtual assistant is not like ordinary shopping friends. What distinguishing characteristics does Street Smart have compared to traditional shopping assistants? How does Highstreet Street Smart work?
Going your through your website i couldnt find your roadmap and your team members working on your project.My question is, Are your members anonymous or public?Can you tell us how many persons are working on your project and the roles they play?And for your roadmap,what Phase or Quaters are you currently on,can we get to know the progress you made so far in your project by sharing your roadmap with us.Thanks
Many companies are migrating from the traditional CEX finance to the modernization and autonomy of the decentralized finance DEX, what is your impression about it and what exactly is Highstreet looking for when linking with cryptography, I have very little information about your project, tell us about its essence, origin and experiences in cryptocurrency activities, and how are they legally and financially supported?
From which date Highstreet will be renamed LumiereVR, it will have changes in terms of its internal structure, all the progress that Highstreet has made during 6 years in the construction of its metaverse will be lost or it will be continued with LumiereVR, which have been the main reasons for this change, do you not consider that this could cause confusion and mistrust in the ecosystem and the market in general?
Hi !! While looking for information about your project, enter coinmarketcap and give the following message “This project is presented as a List without follow-up” because they do not provide information about its price, trend and incidence in the market, these are not the ways in which That those interested in participating in your project can inform us about its progress and be able to decide whether to invest or not?
HighStreet is a new virtual reality that few of us know about, which differentiates it from what already exists on the market. How do I start a section from which equipment is it possible to have an application or only from a PC or VR, what kind of wallets do you recommend to recharge the $ HIGH tokens
Highstreet just ended a Meme Contest it did for it’s community and you got over 50 really amazing entries.My question is,What other incentives will you also reward your user with apart from contest,will you also gift your community airdrops and more giveaways?If yes,when will you have your next giveaways and how can we participate?
How does HighStreet work? I was reading on the website that the tokens I buy can be redeemed to own the product and use it in real life. or resell the tokens to the market? tell us a little about these token purchase and redemption functions?
What happens on HighStreet when I have unredeemed tokens, and when I receive my product after redeeming them? and can the product tokens expire or does the product come with a guarantee? Explain these points to us so that users feel more confident when buying tokens.
One of the most interesting products of your platform is your “Hybrid Products” where your online products can also become part of the physical world. This might be especially successful with collaborations with known or loved brands on the internet, such as those that have to do with anime or popular games like Fortnite, in which fans are also merch collectors. Do you have plans or are already in a partnership with similar projects? when will we see famous merch products come from HighStreet? And where are these items purchased?
One of the core elements of HighStret is its “Products Bonding with Curves”. However, I struggle to understand what this means exactly. Would you explain in Layman terms what this means to investors and how it is beneficial? Does it mean that users get to buy a product during its dip? If not, what are the benefits?
Many consensus blockchain have come out adapting to new market trends, however yours is very innovative “Proof of Play” consensus model, can you explain what it consists of and why it is so adaptable to your platform? What benefits does it offer for gamers to get engaged on blockchain-based Metaverses like yours?
I have been looking at your technical details and especially about bonding curve formulas, I am not totally an expert on these issues but I am interested in knowing how you expect this formula to work in the long term and if it has been fully developed by the Highstreet Market team? Have you taken inspiration from other platforms like Uniswap or Aave to develop it? What are the similarities?
You mentioned that initially you had your sights on the famous Bancor Bonding curve. Not only was it the most popular but also the most documented and referenced literature. What are the limitations of the Bancor Bonding curve? Was this bondig curve suitable for Highstreet Market?
Looking at Highstreet, rewards for activities in the ecosystem will be based on the Proof of Play consensus mechanism(PoP). PoP is a concept using mainly in project connected to gaming. Highstreet is more than gaming. Is this consensus mechanism used generally for the gaming option alone? For those that are not a gamer, how can they earn like the gamers?
In your white paper you say that one of the most ambitious goals you want to achieve by the end of the year is the third party Unity Sdk. Can you explain a bit more about the third party Unity Sdk.
Ownership of platform tokens allows users to participate in the governance process through a decentralized organization, with proposals and voting structures. How many tokens do I need to obtain in order to participate in governance processes?
Technology is advancing very fast, so is virtual reality, but how do you plan to bring that technology together, along with shopping and cryptocurrencies.
HighStreet has remarkably created new opportunities for Street token stakers with it’s product pools, where every product purchase with it’s native token, automatically turns on user staking rewards generated from that product pool. As these are great investment sources, can you carefully list the available products and product pools, and how are the staking rewards from these product pools accumulated over time? With HighStreet distributing a percentage of it’s transaction fees to stakers within the pools, are these fees shared with respect to amount of stake a user maintains, and how are these staking rewards paid out or redeemed?
Since the tokens from the marketplace represent redeemable limited edition products, how is it ensured that no token or product can be plagiated and therefore no user can be scammed? What gives the tokens the mark of being original and not replicable?
Highstreet.Market is a market place for redeemable limited edition products. The idea of tokens for limited edition products was born with $SOCKS in 2019, and though it is an iniciative that would result attractive for even the biggest brands worldwide, is unknown for all of them yet. So as a marketplace specifically for these kind of tokens, who would be the market of High street market right now? Also, the main goal of course is to get huge companies to use these tokens to release their limited edition products, so what is your plan to contact them and develop an effective marketing?
HighStreet which is a rebrand of Luminiere VR and the first commerce-centered Metaverse, recently launched on BullPerks; August 14th 2021. HighStreet hopes that it’s launch which runs till Wednesday 18th August 2021, will open it’s futuristic marketplace to users satisfying their gaming, shopping and commercial desires. As a matter of investor and shopper preferences, can you carefully provide us details of your current BullPerks event, why did HighStreet choose BullPerks as it’s preferred launch platform, and what are the added incentives from members of both communities, and what sort of partnerships would HighStreet consider as project develops?
I am a big fan of movies like Ready Player One and animes like Sword Art Online, I was reading that you have taken this type of Virtual Reality as a reference to build your platform, there is something in common with these and that is that both use gaming devices to connect virtual reality with that of the real world, can you tell us to what extent this is similar to Highstreet Market? Or will you simply dedicate to the creation of an NFT Marketplace? Also, how will the platform be linked to blockchain games?
As Highstreet platform is for Artists, Gamers as well as any Crypto Enthusiasts,
What are the opportunity for them in the Highstreet Platform?
How can They be Benefitted from Highstreet platform?
You plan to allocate 30% of the total Street tokens for Proof of play,
How do you think this a future of Gaming Considering it is providing value & reward for users who are playing?
Why do You Bonding Curves Formula is getting Popular is Crypto space?
How does Highstreets Solves Logistical & Liquidity problem by using Bonding Curves?
Highstreet Team consists of Veterans from Defi, VR, Fine art,
How did You guys came together to Start with HighStreet?
How does Highstreet Guarantee the Authencity of any Products?
How will you try to provide 24/7 customer support?
Its Great to see that An Insurance Fund is setup by the Team, In what cases this will be used to Fulfil the loss?
You have some of amazing investors & partners such as CHERUBIC VENTURES, MECHANISM CAPITAL, PALM DRIVE CAPITAL, MR.BLOCK etc. Most of them are fundraising & venturing platforms but High Street Market platform is based on VR, Metaverse, Games etc. So how about the relation with these strategic partnerships & investors, What is the main goals that you hope to achieve with them? How will both parties get more beneficial through their investments? Will you hope to invade the crypto ecosystem through more partnerships & investors in future?
I am aware with Proof of Work(PoW), Proof of Stake(PoS). But you have integrated a Consensus mechanism called Proof of Play(PoP). Can you explain me about this consensus algorithm & how it works to stake/earn more $HIGH tokens? And also users can enter in to HighStreet Metaverse as a Artist or Gamer or Crypto Enthusiasts. So In which manner does Proof of Play work related to these 3 kind of characters within your ecosystem?
According your whitepaper, you have integrated a technical part to withstand against sudden pump & dump situations(Whale activities) using reserve ratio & KYC protocal. What do you mean by Reserve Ratio? Please give a well detailed explanation about Reserve ratio. And how will Reserve ratio implement as a anti whale feature within HighStreet platform? As I know, Mostly KYC is used to maintain security & transparency between users & platform. So how will the KYC help to control whale alerts? Does it mean, every user should follow KYC portal before buying & selling $HIGH tokens?
According to your website that your StreetSmart™ Bonding Curves enable your marketplace to directly buy and sell product tokens at a dynamic fair market value 24/7. But why it seems that I cannot find any marketplace in your platform? Can you send us some link to it if it’s available? Can you give us any idea what kind of products that are available in your marketplace? Can you explain more about the Street Smart Bonding Curve? How does it work and being applied in HighStreet especially in HighStreet marketplace? Thank you
According to your website that as we already live our life half online and half in real life. The products on your market are crafted to exist both in physical and virtual form and always come straight from the brands. So as the products on your market are crafted to exist both in physical and virtual form,what would be the difference between the physical and virtual form products especially in terms of quality? Why do you need to sell a virtual form products if the physical form product is available? What will be the use of Virtual form products? How it can be utilized? Does HighStreet has any marketplace where we can access both the physical and virtual product of your platform? As you say that those products are straight from the brands,so can you tell us what kind of products are available in your marketplace for both physical and virtual form? Thank you
The products on Highstreet will always come directly from the source. Fresh out the oven. So can you tell us How can we sure the authenticity of the product in Highstreet? Do you encountered a fake products? If so, how will you solve this problem?
What #highstreetword revenue model? How do you generate revenue/profits? So many projects like to talk about “long-term vision and mission”, but what are your short-term goals? What are you paying attention to now?
How do you plan to maintain a relationship with your NFT artist? The artist has increased the income and popularity of his works through this, right? So, what other benefits can artists who mark their work on #Highstreet get?
What if the package/product is damaged in any way during delivery? Does the product have warranty issues and do you have a return policy? In addition, will there be any additional costs/hidden costs for shipping and delivery?
Will Highstreet be available for sale? How to get tokens in the fastest way among the early birds? What incentives does $Highstreet Token bring to the community and investors?
I like the idea of instant liquidity. However, in your ecosystem, can the price of NFT be negotiated? Can we switch between instant liquidity and selling products to buyers at higher prices?
Do all product tokens have an expiration date? How do you set the shelf life, is it based on the quality of the product? If the product token expires, does this mean that the holder will not receive his/her shares in the transaction?
Hi Highstreet Market!
I saw in the tokenomics that you allocate 30% of the STREET tokens to the reward pool for Proof Of Play. I’d like to learn more about this interesting and novel PoP concept. In what way do you think PoP is better than traditional PoW or PoS concepts? I understand users will be rewarded with STREET tokens for playing and participating in different virtual activities: achievement-based or competition-based. Which category will be allocated more tokens or will it be an equal share?
Thank you!
Hi Highstreet Market!
I noticed that Highstreet Market divides potential users into 3 main categories with cute characters as mascots: Artist, Gamer, Crypto Enthusiast. Could you please clarify what are the main differences between these roles? I imagine many users may fit into all categories or at least two at once, could this potentially affect your planned rewards and engagement tasks distribution? Please tell us about the specific activities and roles that these characters will perform in the future.
Thank you!
Hi Highstreet Market!
I am intrigued by the concept of hybrid products that you advertise on the website. Not all will agree that we live our life half online and half in real life. Your market will offer products that are crafted to exist both in physical and virtual form and always come straight from the brands. Do you estimate this approach will work equally well for both crypto holders as well as people who never owned a token? Will such products potentially be able to introduce new users to the crypto space via granting them virtual copies of the physical goods? And lastly, what are the main benefits you consider this hybrid products system brings?
Thank you!
If one cannot look sideways, look under
What do you mean by that? Which is side way and where is under please tell us