Don’t you just wish you can escape for at
least a week to somewhere where you can just chill, have fun and relax? Perhaps
you love road trips as much as we do?
If you do love sometimes on the road, watching
trees and the coal tar run past you, while you enjoy the wind blowing against
your face and hair, then you would agree that the kind of vehicle you use can
affect your whole road trip. Use a jerky, noisy and difficult vehicle and you
would wish death could come upon you faster. Use a smooth-riding vehicle and
you just might not want that moment to end.
Just like automatic cars came and introduced
us to a new realm we never imagined while manual cars were still in vogue,
electric cars have come to turn our heads to a new dimension. Do you love
electric cars?
What’s there not to love about electric cars?
You can almost feel like you’re moving on the wind because of how noiseless and
fast it is. It takes away the bore and chore of driving a manual or automatic
car, but it also requires a lot of energy. That part seems to be one of the
downsides to this brilliant automobile upgrade.
Electric cars require a lot of energy and
thankfully, renewable energy can work just fine for these masterpieces. In a
world promoting sustainable engineering and predictive maintenance, this is
simply great.
It’s pretty obvious that mobility is a very important part of our lives and our experiences as people in a modern world. How you commute matters a huge deal, which is why projects like bloXmove are solely dedicated to turning the mobility industry around. bloXmove has gone the mile to connect businesses to businesses and businesses to customers in the mobility sector. Believe us when we say you would love to find out more about this project, please tag along as we unveil this mobility wizard.
Introducing bloXmove
bloXmove is the next big thing in the
blockchain-enabled mobility sector. It sees the future in mobility and is willing
to create what others are merely dreaming of and predicting. There are a few
things you probably didn’t know about the mobility sector, but we’re going to
reveal them to you as we go on.
The world is changing and so is the mobility
sector, the future of mobility is better and more structured than what you.
bloXmove believes that the future of mobility is decentralized and it is the
heart of small cities and urban development. The bloXmove team was able to
figure out somehow that for such a system to thrive, there must be a
collaboration between the public and private mobility media. And this is where
it brings the magic of blockchain to the fore.
Blockchain, Decentralized Identifiers, and the
Internet of Things are all important components of scalable, collaborative
systems. Since bloXmove believes that the advancement of mobility rests in an
ecosystem in which mobility services are available via software platforms,
advanced technology has to be used to pursue this dream. bloXmove also believes
that the advancement of mobility is based on a mobility ecosystem that is
entirely predicated on a pay-per-use business model.
As a result, bloXmove is working on a
versatile, easy-to-integrate, and automated solution. Its goal is to make the
connection between this technological solution and current infrastructure as
seamless as possible. This interaction would allow persons who provide mobility
services to use a flexible and quick tool to improve and simplify their
services while saving time and money.
bloXmove is on a mission to make the world of
mobility better and easier. Its main purpose is to build an open mobility
ecosystem that will allow people all around the world to use more integrated
and open mobility services.
In summary, bloXmove is a protocol that
supports Decentralized Mobility (DeMo) by creating and sustaining a shared
transaction platform. It is built on Blockchain technology and decentralized
identifiers (DID). Mobility service providers can provide verified services to
verified users by connecting to bloXmove. Payment for services made can be
fully automated and protected via the bloXmove’s token, $BLXM.
bloXmove is easy to use since mobility service
providers on the platform can provide their own services or even offer the
services from any other mobility service provider through the bloXmove
application. Interaction on bloXmove
will be live, real-time, and fully protected without centralized intermediaries
claiming the customer relationship
bloXmove and Mobility Service Providers
bloXmove offers mobility service providers the
best of the best services by offering better utilization and helping them reach
a wider audience requiring their services. It also provides smooth revenue
distribution and real-time liability settlement for these providers.
Additionally, providers can monetize their data to build new insurance, credit,
or financial products.
Mobility service providers will be able to
build feature-rich solutions using the bloXmove platform without needing to
possess and manage all of the assets required to provide the service. All of
this must be done with the same ease of use, reliability, and flexibility that
platform economics provides.
bloXmove will provide a common and shared
transaction platform for service providers who offer a variety of services,
such as public transportation, cab and ride-hailing, automobile sharing, and
micro-mobility, as well as finance, renting, insurance, and fleet management.
Participating service providers can access the bloXmove service network through
open-source protocols and APIs and provide their own services as a verified
ecosystem partner within the network.
In a nutshell, bloXmove is designed to:
Be efficient in terms of the
resources required to convey rising numbers of people and quantities of
commodities.
Provide customers with a versatile
mode of transportation and vehicle according to their tastes and preferences.
Be competent in commuting people
and things.
Enable urban planners to monitor
traffic and the use of urban assets.
Provide market strategies that
result in the provision of services that are particularly fit to urban policies
and economic demand.
Allow users to choose their
preferred service provider, services, and pricing models.
bloXmove is beginning to look like a dream
come true in the mobility sector.
Meet the Brains Behind bloXmove
CEO and Founder
CTO and Co-founder
CFO and Co-founder
BLXM Tokenomics
BLXM Token Allocation
$BLXM is the official utility token for
bloXmove. It is the mobility platform’s tool for rewarding and supporting
carbon-neutral mobility, thereby promoting the use of sustainable energy today.
bloXmove plans to use this token to encourage teamwork while also ensuring the
authenticity and consistency of mobility services. $BLXM will be used to aid
the connection of electric automobiles to the power grid to balance renewable
energy generation à Power & Mobility.
$BLXM was launched on the Binance Smart Chain
as well as on the Ethereum blockchain. Its overall supply across both chains is
50,000,000 tokens. 500,000 of these tokens were released at bloXmove’s Token
Generation Event (TGE). 250,000 tokens were launched through PAID Ignition
launchpad on Binance Smart Chain and another 250,000 was combined with 200,000
$USDC on the Ethereum blockchain using Uniswap.
bloXmove has been able to successfully
maintain a link between Binance Smart Chain and Ethereum with its utility
token, and this is just one of the amazing aspects of this project.
Here are some of the deflationary aspects of
the $BLXM token you wouldn’t want to ignore: bloXmove intends to burn 10% and
40% of all transaction fees paid in $BLXM. The mobility platform will stop
burning only when the supply has dropped from 50,000,000 to 10,000,000. When it
has reached this limit, bloXmove will start accepting other tokens for
transaction fees.
Token Circulation Schedule
Token Utilities:
bloXmove Communities
bloXmove’s
Medium
Read more about bloXmove and the difference it
is making in the mobility industry here.
bloXmove’s
Twitter
Become a part of bloXmove’s Twitter community.
Click here to join.
bloXmove’s
Instagram
Follow bloXmove on Instagram and receive amazing updates from the bloXmove team. Click here to join bloXmove’s Instagram.
bloXmove’s
LinkedIn
Join bloXmove’s and its team on LinkedIn by
just clicking here.
bloXmove’s
Facebook
Whether it’s Facebook or Meta, bloXmove leaves
amazing updates on its Facebook platform and you don’t want to miss it. Click here to join.
bloXmove’s
Telegram
Join the conversation and stay up to date with
what’s hot on the bloXmove’s platform. Click here
to join.
Social
interaction and communication have assumed a regular feature in our daily
undertakings. Over the years, the steady
spread of social media and cloud service providers, have redefined the ways
users interact, generate data and access multiple social platforms, with ease. Social
media has contributed to community building, knowledge sharing and a more
connected human life. It is a tool that has been used to bring awareness to
societal issues, drive social changes, promote businesses as well as sustain
economic life of individuals, agencies and parastatals.
Despite
the obvious communication gains of social media adaptation, the problem of
centralization, lack of privacy and data sovereignty are some of the major pain
points of users of mainstream data storage and social platforms.
Data
generated during users’ socializing process are prone to (and have been victim
of) unpleasant data security risks such as illegal data monetization, data
breaches and thefts, violation of privacy and intellectual property rights,
data tempering, among others.
Blockchain technology has been applied to multiple areas of human engagements and the decentralization principle of this technology can equally be used to subdue some of the predicaments faced by users of the present day traditional social media and cloud services platform. The desire to create a truly trustless social platform, based on the decentralized backbone of blockchain technology and the craving to have a protocol that can offer censorship resistance features, secure file storage and content monetization attributes, led to the creation of myMessage – a light-grade multi-chain Reddit-like protocol and data portal to web 3.0 applications.
In
today’s project review, I will be examining this project and its attributes which
are designed to create an unambivalent platform, capable of returning users’
proprietary rights and profits back to them. If you are ready to read, I am equally
eager to write. So, lets go…
1. myMessage: An Innovative Blockchain Solution
myMessage
is a privacy focused protocol that is designed to offer users with
decentralized solutions in the area of social media services and data storage.
It fondly describes itself as the world’s first-ever light-grade decentralized
reddit-like social media and data storage platform built on a multi-chain
structure.
Decentralized social network has been touted to be the panacea to the centralization risks associated with the use of traditional social media platforms. This is because decentralized social networks operate on independently run servers, rather than on a centralized server owned by a business. On this basis, they foster transparency because platform’s activities can be viewed in near real time by anyone on a network. This gives users more control and autonomy.
myMessage
supports evolving applications and enable users to create decentralized
Thread-reply bulletin board, messaging dApp, developer tools and SDKs, and Data
Portal to provide encrypted data feedings to Web3 applications.
2. myMessage Cloud Storage and messaging dApp
As
I said in the previous paragraphs, myMessage, as a platform is designed to
offer infrastructural boost for users to access secured messenging and cloud
services. Unlike other cloud storage where users pay neck-breaking yearly or
periodical subscription charges, myMessage only costs approximately $0.1 per
message.
The platform is compatible with
multiples files and data format which include (and is also not limited to):
NFT artworks and ASCII Text Art
encrypted messages for sensitive information
pass messages between parties
lover vouch/declaration – like a lover lock
valentine message board
a verified message from a verified source
legal documents such as a will or testament
a will inheritance of crypto assets
patents, music rhythm, songs, ideas
shout out to commend employee/staffs/co-workers
appreciation/thank you note
Company’s minute meeting etc.
In fact, anything classified as
digital can be stored on myMessage dApp. The beauty of it is that these data
and files can be uploaded and stored anytime. Retrieving messages or data from
the message dApp is customizable and easy. You can do this by searching your
data resources using transaction ID, sender address or through various keywords
and tags. The various options of myMessage powerful search engine are designed
to ease file recovery or download process and users’ information can be
retrieved anytime for free. Awesome! Isnt it?
3. Data encryption and security
One
of the concerns (as well as shortcoming) of storing sensitive and/or secret
messages on external protocol is the inability to initialize a strong
protection that can be very protective as well as reliable against data breaches
or incidences such as hacking. To protect the integrity of messages and stored
data, myMessage has deployed a Quantum-attack
resistant security based on Advanced Encryption Standard – 256 security
standard (AES – 256).
Advanced
Security Standards is a symmetric data encryption block cipher that is
implemented in security software and hardware throughout the world to encrypt
sensitive data and classified information. The 256-bit key provides the
strongest level of encryption and a hacker would need to try 2256 different
combinations to ensure the right one is included, making this a hellacious and
unfruitful adventure into nullity for anyone who may attempt a try.
In addition to these, myMessage also allow users to use supplementary strong encryption like Blowfish, or Twofish, which are equally resistant to quantum attacks. The combination of these industrial multi-levels of security makes myMessage very strong and protects it against brute-force or quantum computer attack. With this level of security commitment, users can continue to interact with the platform with little or no worry, knowing that their information is securely safe, as long as they can diligently protect their secret keys.
4. Multi-chain Data Architecture
myMessage runs a data storage that is based on a
multi-chain structure. myMessage decided to deploy first on Zilliqa due to the
chain compatibility with its purpose in the area of decentralization, extremely
low fees and readily available technical supports.
However,
in order to realize continuous and sustainable growth, and for better
scalability and interoperability functionalities, myMessage is well prepared to
explore a multi-chain based strategy.
Apart
from Zilliqa, myMessage will be integrating other chains including Avalanche,
Polygon, BSC and other any chains that can provide adequate technical and
ecological support.This will allow the
platform to continuously grow and capture diverse categories of users, giving
them plethora of preferences to choose from, based on their desires.
5. Your message, Your Money
myMessage
has designed a system of data monetization mechanism and will be introducing an
interesting concept of social farming. Your messages are valuable and myMessage
has provided the opportunity for you to earn from it.
myMessage reddit-like thread-reply bulletin board is expected to serve as a bridge where users will be able to communicate, encrypt threads and data in a decentralized way. This will ensure that users can get access to data resources which are immutable, verifiable and secure. More importantly, users will be able to enjoy the rights to their data, profits and enjoy farming rewards simply by socializing. Doesn’t this looks like a juicy offer for you? It definitely looks like one to me.
After
a user might have connected to the thread-reply bulletin board, he can acquire
and pay MESA tokens to start a private thread. Others can join the conversation
by posting replies, comments or likes. Users can tip each other when they see
good replies, thereby enabling them to earn just by socializing. In addition to
this, users can earn additional incentive by participating in social or message
mining. Further details on how users can maximize this for their benefits are
expected to be released by the team as soon as the mainnet is ready to go live.
6. myMessage Tool Kit for developers
Apart
from regular messaging and data storage, myMessage provides SDKs for developers
to access the data marketplace from their applications. As a developer, you can
integrate myMessage into your existing user flows, or build your own data
management interface on top of myMessage SDK.
Some
of the software development kits that are available to developers include a Python-based
technical support and framework for machine learning applications, special developer
portal, a REST API and a TypeScript Client that wraps REST API and makes it
easy for TypeScript and JavaScript applications integration.
With
all these developer resources, myMessage is opened to domain experts and has
provided a framework that can assist them to create valuable algorithm and
dataset insights, which when utilized by data users, can enable developers to
get rewarded.
7. Tokenomics
$MESA
is the utility token that is empowered to drive functionalities within
myMessage platform. Its supply is capped at 5 Trillion and its fully diluted
market cap is expected at $9 million.
MESA
is a utility token and it is essential for accessing the following utilities on
the platform.
Governance:
You will need it to participate in making proposals and votes
–
Staking and tipping: As a holder, you can earn rewards by Staking. Users
posting good replies and contents can be tipped by thread owners.
–
Payment: MESA is needed for payment of services on the platform such as payment
of commission fee, payment to start a private threads and data storage.
–
Revenue Buyback: platform revenue will be partially be used for buy-backs
–
User Incentivizing and Social Farming: MESA tokens can be farmed simply by
socializing in “myThread” via Social Farming.
myMessage
will use the fees generated through the use of the platform to ensure that MESA
continues to remain deflationary. This will be done by using the fees
commission to conduct regular buy back of MESA and burning them in order to
pull them out of circulation.
With
more MESA permanently sent into the dead hole, and with increasing use cases
being generated for the expanding user base, it is believed that myMessage has
the ability to generate more values, for its ecosystem users and provide a sustainable
and long-lasting growth, that will be able to stand the test of time.
8. Roadmap
myMessage platform has plans for continuous
expansion beyond just being a light-grade messenger and data storage reservoir.
It plans to be an all-encompassing data hub for web 3 applications. The project
is currently at the testnet stage on Zilliqa and by Q2/2022, it expects to
integrate with BSC and Avalanche. The full launch of the in-house Reddit-like
thread protocol is also expected to go live during this period.
9. Conclusion
myMessage
is a decentralized social media platform that has taken a foresighted attempt to
secure data sovereignty using a quantum-attack resistant security outlay. Apart
from the fact that this project is backed by top rated venture capital, it has
also received foundation grants from top blockchains such as Zilliqa and
Polygon; an astute reflection of the believe in the project’s goal.
Finally, for users like me who are wary
of data breaches from centralized entities or lack of option to gain control
and monetize social communications, myMesaage has presented itself as a viable
decentralized alternative that can be used to communicate securely, reclaim
data ownership rights, build datasets management interfaces, while at the same
time ensure that users are getting incentivized for socializing.
Without further hesitation, I implore
you to hop into myMessage social communities, explore their resources, and begin
to deploy “Your Message into Your Money”.
It’s true indeed that to predict the future,
you first have to create it. You’re about to meet a project that believes that
it is creating the future that others just are predicting. What do you think?
Well, we’d like for you to follow us through the rest of the article to decide
whether or not that claim is right
If indeed a project like this exists, then
gamers, DeFi experts, and NFT creators and lovers are in luck. This project was
birthed in superb style to bring a big turnaround in the GameFi sector. If
you’ve ever thought that games should be more about skill and chance and not
just paying to win, you’d literally fall in love with this project as soon as
you learn enough about it. It could be what the blockchain gaming industry has
been waiting for.
You see, the gaming industry is home to
hundreds of millions of people in the world. Even the busiest and most serious
persons always find time to crush some candy, win a race or kill some zombies.
You’d agree that if the gaming industry experiences some sort of awestriking
growth, the world would become better by some minute percentage. Why do we
think a better gaming experience can change a lot of things for a lot of
people?
In real life, we all love to interact and to
interact we need some activity. It’s the activity that makes our interaction
fun. It could be grabbing some drinks, having lunch together, or even going
shopping. In the digital realm, gaming fulfills a similar function. It’s a
valid reason to get together with friends and family, as well as meet new
people. Gaming is the online equivalent of doing things like golfing, watching
football, and drinking beers. The COVID-19 epidemic has raised our desire for
intimacy, triggering digital connection and, as a result, driving a surge in
gaming. People are getting gradually absolved in the lively and visually
stunning virtual gaming world.
Gaming is social and social is gaming; the
lines are blurring, and people who would never have
considered themselves “gamers” are now regular
participants in vibrant and immersive virtual worlds.
Meet what you would agree later on to be the
star of gaming and GameFi: JEDSTAR.
Introducing JEDSTAR
JEDSTAR is more than a gamers’ superstar or
hero, it is a decentralized ecosystem that is set to turn things around for
good for the NFTs, GameFi, and DeFi space. It hopes to achieve this by offering
true value and creating potential opportunities to make more income, thereby
clearing the way for the adoption of cryptocurrency on a pretty huge scale.
It’s not every day you find remarkable
projects that have the heart to empower both gamers and artists through
creating a passive and active income system and giving them true ownership of
their creations.
According to the JEDSTAR team, JEDSTAR’s
vision is to “bring back community-driven games that support the backbone
of our community, which consists of gamers and artists. ” Team JEDSTAR is so
well-organized that it didn’t just sketch out its vision; it described in
detail the various ways it will assist in turning around the GameFi, NFT, and
DeFi ecosystems. Here are a few solutions the JEDSTAR team is willing to
implement to make its vision a reality:
JEDSTAR and the NFT Marketplace
JEDSTAR is looking to create a platform that
can provide enough support to artists. This support system will comprise
top-tier tech-savvy artists and internal tech support. Looking at the amazing
structure, it isn’t hard to predict that JEDSTAR’s robust support system will
assist artists in completely embracing and using the NFT environment to
publicize and sell their work.
That’s not all, JEDSTAR also has created
something called “Artist Launchpad ” on which time and funds will be
spent to promote artists. It has also created a marketplace that gives NFTs
‘super powers’. Now we’re sure that you’re probably trying to wrap your head
around what we mean. Here’s what: NFTs on the JEDSTAR enabled marketplace, can
have other use cases other than simply being owned. For instance, some NFTs
created by the community can be used in some of the games developed by the
community.
What’s even cooler about JEDSTAR’s involvement
in the NFT space? There’s always joy in the community when you give, so,
JEDSTAR rewards the token holders within the community with a portion of all
NFT sales. Exciting, right? Now let’s move on to see how JEDSTAR plans to
change other sectors in the cryptocurrency space.
JEDSTAR and the GameFi Sector
We already mentioned at the start of this
article that JEDSTAR is all out to revolutionize GameFi. With JEDSTAR players
get to receive rewards for just playing the game. Whenever players play
community games, there is an increase in the value of the JEDSTAR community. In
appreciation of the players’ efforts, JEDSTAR thinks it’s just perfect to show
their appreciation by sharing this increase through rewards. Players can earn
through mining, PVP, farming, and winning tournaments.
JEDSTAR also makes it possible for its game
clients to evaluate player behavior and award them depending on the length of
time they spend playing and their in-game strategy.
JEDSTAR and the DeFi Sector
JEDSTAR intends to add to the DeFi market by
providing a deflationary token that gives its holders rewards through
reflections. It also has a staking program where holders are given rewards in
different currencies and grant them up to 120x annual percentage rate.
JEDSTAR seems to have come up with a pretty
authentic plan to change things for the better in GameFi, the NFT Marketplace,
and Decentralized finance. Tag along as we go ahead to check out some of the
features of JEDSTAR.
Meet the JEDSTAR Team
JEDSTAR’s Roadmap
JEDSTAR’s DECO
Tokenomics Overview
★
Meet the First Token, $JED
$JED is the first of 3 tokens that comprise
the JEDSTAR network. It is a disinflationary, completely decentralized utility
token. $JED’s maximum supply is 100,000,000 and its launch price is $0.0001.
Token Allocation
•In two phases, 60% of the tokens will be
burned. 45 percent at debut and 15 percent later on.
• 30%
will be remitted as liquidity to Pancakeswap and will be frozen for one
year.
• 2%
will be kept apart for subsequent DEX/CEX/Swaps.
• 3% will be distributed via airdrop to past
$DSTAR holders who’ve been duped.
• 2.5% will be allocated to the NFT and game
creation wallet
• 2.5% will be allocated to marketing
activities.
$JED’s Buy Transaction Diagram
$JED’s Sell Transaction Diagram
★ Meet the Second Token, $KRED
Token Allocation: $KRED
$KRED is the second token of JEDSTAR’s DECO
and will be the primary currency of its NFT Marketplace and future games.
$KRED’s maximum supply is 10,000,000,000,000 and will be launched at $0.0001.
Token Allocation
• 1%
of tokens will be distributed to the $KRED Presale event.
• On PancakeSwap, 0.1 percent of tokens would
be used as liquid assets.
• 20% will be held in reserve for a Tier 1 CEX
listing.
• 25% will be set aside for in-game prizes and
Play-to-earn.
• 5% will be set aside for out-of-game staking
and farming.
• 0.9%
will go to our Artists Launchpad.
• 35% will go toward our production and
marketing activities.
• 3% will be assigned to the team.
• 10% will be set aside for specialist
advisors, consultants, and financiers.
★
Meet the Third Token, $ZED
$ZED is the third token in the JEDSTAR DECO.
It is a story governance token. Apart from granting the ability to propose
advances and vote for changes to JEDSTAR’s story and lore, $ZED holders gain a
whole host of other benefits. Users holding $ZED get an invite to join the
exclusive $ZED telegram channel and participate in JEDSTAR’s annual meeting
held in Singapore. That’s not all, $ZED holders also get to receive free
airdrops of incredibly rare NFTs, exclusive NFT cards, and other exclusive NFT
items. They also receive a special title and portrait border. These are all
yummy benefits you’d agree, and that’s not even all of it, JEDSTAR plans to
announce more goodies that it has in store for $ZED users. $ZED was created
with a higher emphasis on utility and a lower focus on token price and
liquidity.
Token Allocation
• The presale will be limited to 200 tokens.
• The $KRED Presale event will receive 80
tokens.
• 100 tokens will serve as initial liquidity
on PancakeSwap.
• The JEDSTAR team will be given 180 tokens.
• The remaining tokens will be frozen for a
minimum of a year.
Communities
JEDSTAR’s
Website
Visit the JEDSTAR website to see more for
yourself and start your JEDSTAR journey. Click here
to go to the JEDSTAR website.
JEDSTAR’s
Twitter
Become a part of JEDSTAR’s online community.
Receive updates and stay up to date with the latest development in JEDSTAR.
Click here
to join JEDSTAR’s Twitter community.
JEDSTAR’s
Telegram
Join the conversation, contribute, learn and
gain from the JEDSTAR telegram community. Click here
to join.
JEDSTAR’s
Medium
Read more about the JEDSTAR project and the
most recent updates on the platform here.
Blockchain technology has opened up numerous possibilities
and application scenarios for users to explore. This has made it possible for
talented developers to build blockchain-based products that capture user’s
passion, most especially in the area of sports, entertainments and gaming.
The game business has come a long way since the early days of
its humble beginning and blockchain-based games, that are designed to blend the
fun and captivating atmosphere of traditional games, with a rewarding financial
opportunity using crypto technology, have been on the rise, recently. One of such blockchain game, which is aimed at
providing a platform for game enthusiasts to combine their passion and interest
together, while earning rewards, is Lucid Lands.
Lucid Lands is a real-time strategy based game that set
itself apart from other games in the blockchain industry, which are mostly
turn-based in nature. In today project highlight, I will be looking at this quintessential
project, which is poised to change the perceived boring narratives, associated
with some blockchain games.
1.What is Lucid Lands?
Lucid Lands prides itself as the first decentralized NFT play-to-earn game on BSC network that integrates both 3D-animation gaming NFT and a unique 2D computer generated collective NFT market place.
It is a play-to-earn universe where anyone can
earn token, through skillfully applied game tactics, as well as contribution to
the ecosystem.
The project was built as a fun and educational
way to present and introduce blockchain technology to various categories of
players, using a simplified approach. Apart from the fun dimension in game
deployment, Lucid lands aim to serve a social network characteristics function
as well as a job platform through the focus on strong community building and
play-to earn opportunities.
2. Lucid Lands Components
Lucid
Lands as a decentralized finance and game protocol, combines 3 blockchain primary
elements which are:
NFT Marketplace: The game feature an open and decentralized
NFT marketplace, where users are able to buy and sell their 3-D Heroes and 2-D
Pets collective NFT.
NFT staking: Apart from the fact that Lucid Lands NFTs
can be sold for gains in the marketplace, users will also be able to stake
their Lucid Land Hero NFT on the platform to gain additional reward, similarly
to what is obtainable when fungible assets are staked. This will provide an
extra earning layer from NFTs, in addition to the earning possibilities from
sale on the marketplace
Play to Earn: This is my favorite part of the project and
one of the project essential layer. Players can engage Lucid Lands for in-game
assets and real reward. Yes! You can obtain actual tokens in Lucid Lands and
not just virtual game points that lack tangible monetary values. I am sure that
you are interested to learn how the play and reward mechanisms of Lucid Land
works, but before I dive deeper into this, let me quickly highlight some Lucid
Lands structures and game assets that are essential to having a successful
battle.
3.Game assets and structures
Players
will need to put some home basic structures in place in order not to lose out
easily when they enter a battle. Some of these structures are:
Main Hall: It is the lifeline of a base. Once your main
hall is destroyed, you can easily loose the battle.
Builder House: It is used to upgrade other structures.
Barrack: Are you interested in developing a unique
army that is battle ready at all times? You will need a barrack for the
training, as well as to unlock new army champions
Army Camp: This is for those who desire to recruit new
units and increase their army size. Upgrading Army Camp will enable players to
increase the size of their Army
Gold Mine: Where are the Gold diggers? The Gold Mine is designed
for you to extract gold from underground reserve. You may already be wondering
why you will need to dig the mine for gold. Well, keep reading on as you will
surely find the answer by the time you get to the in-game currency section.
Gold storage: This shouldn’t be hard for you to guess its function.
The gold storage is the structure that stores your gold. Upgrading your gold
storage means you will be able to store more gold.
Spirit Mine: No! It is not what you think. The Spirits that are being referred to are
not immortals. They are in-game currencies. The Spirit Mine allows you to
extract more spirits from the surrounding area of lands.
Spirit Storage: This storage allows you to store collected
spirit as you navigate the land. You may need to upgrade it in order to store
additional spirits.
Ice Turret: Are you thinking of how to slow down the
movement and attack of enemies attacking Units? Think no more. Having Ice
Turret will slow down the movement of your attackers, reduce damage and improve
your health points.
Air Defense: This game structure will help you to deal
with damage and attack flying enemies. I can boldly say that with this
structure as part of your assets, you won’t need to worry yourself with your
enemies area bombardment.
Rock shooter: In case there is a need to wreck an Area Of
Effect damage on your enemies, the Rock shooters can be unleashed for this
purpose.
Skeleton Tower: This asset can help you when attacking
ranged enemies by increasing attacking range.
Defense wall: You will need this protective wall to create
a barrier that will hinder enemies from entering your base.
4. Lucid Lands NFT Collection
As said initially, there are two sets of NFTs that you will come across as interact with this game. There is the 3-D animated Hero NFT and a 2-D non-animated Pet Shroomies. The Hero NFTs are essential component of the game and they can be bought from the decentralized open NFT marketplace. Shroomies Pets are a unique set of5000 collectible friends of the Heroes of the Lucid Lands.
Game Heroes: Lucid Lands has 9 different Heroes NFT and they exist in 4 levels of rarities which are Common, Rare, Epic and Legendary. When NFTs are summoned, the probability of getting a Legendary NFT is the rarest, whereas the possibility of summoning a common Heroes is highest.
Similarly,
Heroes NFT APY Rates are highest for Epic and Legendary NFTs. The primary utilities of Games Heroes are for staking
to earn $LLG, trading on marketplace and in-game boost.
The 9 Heroes NFTs are:
Bahamut – Common
Wu Kong – Common
Medusa – Common
Talmut – Common
KE502 – Rare
Cyberus – Rare
Lucifer – Epic
Nyami – Epic Sakura – Legendary
Each
Hero NFT has 3 attributes which are Attack, Defense and Farming. The Farming
attribute of a hero allow the Hero to boost in-game farming/upgrading/building.
The Defense attributes of Hero can be used to increase the defense of structure
and defense walls. Lastly, the attacking
function help to improve the attacking power of hero troop when they embark on
an adventure to strike other player home-bases.
Pets NFTs: The Pets NFT collectible in Lucid Lands are referred
to as Shroomies. Lucid Lands describe them as mysterious creatures that spawned
out of nowhere in every part of the universe. Each drop of Pets NFT Collections
are limited to only 5,000 pieces. This means that you will need to be smart and
fast in order to be able to mint your own Shroomies as soon as they are
dropped.
You
might be wondering how to go about the minting your own set of shroomies. The
process is quite easy. You only have to connect to https://app.lucidlands.io,
pay the price (in BNB) for the shroomy and mint. Easy peasy! The price you pay
depends on how many shroomies are left. Shroomies prices increases with
decreasing quantity of shroomies in each drop. This progressive price increase was
deliberately put in place to ensure that the value of Shroomie will grow over
time as more and more Shroomies are minted. You will need to be among the early
birds, if you intend to mint your Shroomie at a cheap price, because opportunities
are only for the people who seize it. Yea… Let’s seize it!
Although
these good looking pets are too attractive to be sent to the battlefield, they
also have their own utilities. Firstly, they serve the purpose of in-game
cosmetic. Additionally, they are appealing as digital collectible and you can as
well trade them in Lucid Lands’ marketplace. In addition, owing a pet sets your
profile apart because these pets will serve as your profile picture and will
differentiate you from other users that have basic anonymous profile picture
displayed in game, because they do not have a pet.
5. Real Time Game Strategy
Lucid lands gameplay model is based on a revolutionary
approach that involve a real-time strategy gaming technique, rather than the usual
turn-based game approach seen in other games.
The Real-Time strategy, as utilized in the
game, puts players in control and allows them to dictate the pattern of
gameplay as they desire. This will mean that players can build their base using
their own strategies and can always apply any strategy that can bring the most
success to them during battles.
6. Lucid Land Gems and In-Game Currencies
$LLG – The main ecosystem token in Lucid
Lands is Lucid Land Gems ($LLG). Just like every precious gem, $LLG is an
important token in Lucid Land and you won’t want to miss out on this gem. Some
of the utilities of $LLG are:
Reducing leveling up and upgrading
duration of Army champions and home bases
Buying of additional building house
and building game assets
Buying additional battles
Buying of in-game currencies such as
Gold, Spirit and Mana
Buying of additional heroes NFT.
$LLG is available for purchase on pancakeswap.
In addition, players can earn LLG through $LLG Mines and winning battles
against another player. I will reveal further details on how this can be done
by the time I get to the play-to-earn revolution section. In the meantime, I want
to highlight some other in-game currencies that are available in Lucid Lands.
Gold – Gold is the in-game currency that
is specifically used to build and upgrade structures. Gold can be bought using
LLG and can also be obtained through Gold Mines, PvE and PvP combat against
other players.
Spirit – It is an in-game currency that is
used for recruiting and training Army Champions as well as Heroes. It can be
bought using LLG and can also be obtained from Spirit Mines, PvE and PvP combat
ahinst other players
Mana – It is used to go to an LLG Mine.
The further and bigger an LLG Mine is, the More Mana you will need. Mana can be
bought using LLG and they can automatically recover daily.
In addition to these game currencies and
platform tokens, Lucid Lands has designed a tokenomics model that charges 8% on
every transaction. 3% of this charge will be used for continuous game
development that can guarantee long-term sustainability. 2% of the sell tax is
added to liquidity availability, in order to ensure an ever-increasing price
floor. The remaining 3% will be used for aggressive marketing and expansion of
the Lucid Lands ecosystem.
7. Play to Earn Revolution
At the initial start of the game, you can
interact with Lucid Lands PvE game mode in order to acclimatize and familiarize
with the game design and environment. During these sessions, players will earn
some in game currencies such as Gold, Spirit and Mana.
After series of play in the PvE mode, you
would have gotten used to the game environment and you can now summon a hero. Hero
NFTs are summoned by opening portal using your LLG tokens.
Each hero rarity has its own summon rate and you
will get a random Hero NFT that has 2 out of the 3 attributes.
After obtaining your first set of
heroes, you will need to improve your combativeness in the play-to-earn battle
front, by building your home basic using game assets basic infrastructure. You
can also recruit, build and train your unique army champions.
Hero building requires the use of in-game
resources to level up the abilities of heroes. Lucid Lands has 3 hero-levels which are 1-star, 2-star, and
3-star. To level up a hero to a higher tier, you need to combine similar
together.
8. $LLG Mines and Mining Station
$LLG
mines are one of the key components of the play-to-earn system in Lucid Lands. After
fortifying your base and your Army, and you feel that they are now strong
enough, you can now take on a battle challenge in the $LLG Mine.
LLG
Mines exists in various sizes. The bigger a mine, the bigger the possible
reward you can earn from that mine. The amount of Mana required to enter a mine
increase with the size of the mine. LLG Mines are also limited by capacity.
Only a maximum of 150 players can mine at a particular mining station at a
time. The limited mining station adds intrigues and excitements to the whole game,
because it is at this point that the battle line is drawn.
Once
the available $LLG mine is fully occupied, you will need to challenge the
players occupying the spots to a battle because no player will want to give up
his or her $LLG mine spot easily to others. If you win, you’ll take his/her
mining spot. If you lose, you will need to go back to the map’s border and use
Mana to move to any chosen mine and challenge again.
9. Conclusion
Lucid
Lands has created a unique opportunity for users to build, defend and explore
an immersive 3D and 2D gaming world. For users who are desirous to have a
challenging and strategic blockchain game that incorporate passion with
interest, the Real-Time Strategy utilized in Lucid Lands offers them the
possibility to build a game reputation, dominate their enemies and defend their
honour, while earning real rewards at the same time.
Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. Apeiron Russian Team will select 5 questions and answer them.
For more details: Apeiron Russian – @ApeironOfficialCommunity Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from FantOHMand our guest was. The AMA took place on the 14th of February
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Robocop | Satoshi Club
Hello Satoshi Club community ! We are pleased to announce
today AMA with FantOHM
Pavel P
Welcome to our first AMA of this week!
Robocop | Satoshi Club
Today our special guests are @thefantohmdr @bazinga500
Welcome to Satoshi Club!
thedoc
hey there everyone, thanks for having us!
K Bazinga
Hey, great to be here.
Pavel P
Welcome to Satoshi Club! How are you doing today?
Robocop | Satoshi Club
Hello @thefantohmdr @bazinga500, nice to meet you !
thedoc
going well thank you, it’s been a long day!
Pavel P
Just started for me! So, it’s more to come this Monday!
thedoc
hah nice, very late here it’s actually Tuesday right now
Pavel P
And hope to know more about FantOHM during the next hour
or more
Robocop | Satoshi Club
yes, very excited to do AMA with FantOHM right now
Pavel P
Let’s start!
thedoc
should be a good one, my fingers are ready
Pavel P
Please introduce yourself, how have you got involved in
crypto and how FantOHM started?
thedoc
Well i am one of the co-founders of FantOHM, and i am a long
time crypto enthusiast. I had my first bitcoin in 2013 and i still hold that to
this day. The last 5 or so years i have been spending time every single day in
crypto, investing or researching new projects but it was not until early last
year that i began to be involved in building.
thedoc
we started FantOHM at the end of October last year and we
were the 2nd Olympus fork to launch on Fantom Opera
Robocop | Satoshi Club
Wow you already in crypto space since 9 years ago, its
really great experience
thedoc
Our lead dev had the idea to fork OHM contracts much earlier
than that but we had a lot going on so had to wait. would have been great to
launch earlier and i can only imagine if we had done so.
Yes, i am a tech nerd and bitcoin and crypto really appealed
to me from the very beginning. i knew about bitcoin when you still had to go
into a real bank to deposit cash into an account to get some
thedoc
a long time
Pavel P
Time is money everywhere, especially in crypto!
thedoc
totally, crypto moves very quickly and can leave you behind
in a heartbeat
Pavel P
So what FantOHM is all about?
Robocop | Satoshi Club
And how about your partner @bazinga500 ?
thedoc
Hah yes of course!
well we probably would not be here if not for @bazinga500
tbh, he has been a real asset to our project and has bought a huge amount of
real life start up knowledge and operational experience
working in a startup is not the same as your regular office
job
And working in a crypto startup is an entire level up on
that
It’s not easy, imagine going to work and having anywhere
from 500 to 1500 people standing around your desk telling you how they think
you should be doing your job? investors have unprecedented access to the team
unlike anything in the real world
Pavel P
I think the fact that you understand it is already a half of
success!
Robocop | Satoshi Club
Yes, we can understand the situation , its
really difficult
thedoc
So @bazinga500 has helped us setup the internal structure to make sure we can deal with anything that gets thrown at us and that we can keep delivering and shipping product no matter what is going on external to the project
Robocop | Satoshi Club
FantOHM have such great team , by the way how big are your
team?
thedoc
including mods, we are over 30 people
Pavel P
Dream team!
thedoc
We grew a lot over the last month
And we still have need to grow even more
We started with 6
Pavel P
Are there are still a bunch of opened positions – you still
hire, right?
oh and one more, i also curious with this, what is FantOHM?
can you introduce to us ?
Pavel P
Who knows, maybe there are some enthusiasts to join your
team among Satoshi Club community!
thedoc
We are, at our core, a rebase project based on Olympus. Our
primary product at launch was bonds. If you do not know what a bond is, it is
basically buying the FHM token at a discount with certain assets that we offer
on the site, DAI, FHM-DAI LP etc and in return you get the FHM vested to you at
that price over a period of 5 days (very simple explanation there).
Early on, it was clear to us that we had the opportunity to
innovate beyond the standard fork and introduce new products to generate
revenue for the treasury and value for our holders.
Holders of rebase tokens generate income through staking.
bonding and staking are the core of the 3,3 game theory introduced by Olympus.
if we have product that adds value to the treasury, increasing the runway, and
showing investors that there is good reason to invest, then we are doing our
job well.
thedoc
it is important to note that we have moved away from the
just another fork of olympus tag
As we have seen over the last month, some real turbulence in
the market relating to rebase projects
So we are aiming to deliver product that takes us further
from a fork, into a spork (not a fork or a spoon but better than both things by
themselves)
We believe we have already achieved this
Robocop | Satoshi Club
Thank you for the great introduction @thefantohmdr
@bazinga500. We have collected 6 community questions from Satoshi Club
community,
ready to proceed?
Thedoc
sure thing!
Pavel P
Q1 from Telegram user @ambbobb
Going through your website I could understand that FantOHM DAO has expanded to the Moonriver network through the creation of segregated FHM clone linked via Wan-Bridge, but you gave a diagram that illustrate the basic coin structure overview on Treasury which contains four categories of OHM Forks: Network coins; LP Pools; and Stables, can you briefly explain these categories to us because how does this information applies to each network’s FHM protocol individually and are these branches of FHM built to work in concert?
thedoc
There are two parts to that question, cross chain and the
other being treasury management and investments
We were the first fork to go cross chain with our moonriver
release
It’s one thing to do that, but we took it a step further by
unifying two completely separate protocols that are essentially unaware of each
other by bridging the FHM token via wan bridge
This results in a global supply
As FHM from fantom can be bridged to moonriver, and once
converted to the FHM native to moonriver it can be then used on the protocol
that side
that had never been done with an ohm fork
You can bridge freely between the two, and you might have
reasons to do this such as higher APY or You want to get exposure to moonriver
and its ecosystem
The second part about our treasury management
The Treasury management document that we delivered last year
which is basically our white paper, needs a little bit of an update. Mainly due
to categories that are potentially obsolete, say Olympus forks. Essentially,
however, the strategy has not changed.
Our treasury is our biggest asset and we need to make sure
that it has enough sustenance to continue to grow. With Moonriver and Fantom it
means we have two logically separate Treasury’s. We hold different assets in
different in the different treasures and the assets that we do hold. Are you
know native either to say Moon, River, river or Fantom. But in potentially we
have some of these assets held outside of those, on chains such as ethereum or
binance smart chain. What you see on the UI is the result of all of those
assets being gathered together and displayed in a unified way, no matter where
they are. So I think it’s important to know that we’re not stuck with just
fantom opera or Moonriver projects, we are investing in different projects from
all blockchains.
Our UI is very customised and can display all the
information we need via contract interactions, API and The Graph
(sorry for long
answers!)
Robocop | Satoshi Club
Thank you for the detail answer, btw did you already do
audit ? and how is the result?
thedoc
We have now had 3 audits completed on various parts of the
protocol
Our FHUD contract is audited by spadetech and techrate
Pavel P
Thank you! Good to know the bridge works well!
thedoc
we have also had our 6,6 contracts audited by Hacken
that is not released yet
Robocop | Satoshi Club
Thank you, security and safety is always main priority
Pavel P
But the code was confirmed to be correct, right
thedoc
Yes we have had the results, and review after some minor
alterations
that audit will be released when we get that product out
Pavel P
Thanks for very detailed answer! Let’s proceed to the second
question!
Pavel P
Q2 from Telegram user @UniqueVicky
According to your roadmap, this February you plan of rolling out 9,9 i.e a unique adaptation to the protocol that allows lending but not in the conventional way and on March you also plan of rolling out a feature of lending/borrowing i.e different lending structures to the traditional 9,9 or further lending/borrowing options than 9,9. can you explain to us the key features of this 9,9 lending protocol? Why do you name it 9,9? How is it different from the conventional lending protocol we know? Also you want to further enhance this lending option of 9,9 on March, how will the features of the lending/borrowing different from 9,9 lending protocol? And what advantages or benefits will users derive from it? Please kindly explain their features?
thedoc
When the roadmap was designed 9,9 was still very much in an
active phase with regards to Time Wonderland on the Avax network and Spartacus
on the fantom network.
Fast forward to today we have seen the consequences of this
structure in a bearish general crypto market. As we know time wonderland no
longer is the powerhouse that it once used to be and Spartacus is in a similar
situation due to the cascading effect of liquidations. Our strategy team was
aware of these types of systemic risks and wanted to carefully analyze where
the shortcomings were from a theoretical sense, without putting fhm holders at
risk. That is why we had delayed the release out by an extra month into FEB to
see how the effects would run over the time period of December and January.
Consequently, the findings were correct and thus has resulted in the strategy
team postponing the 9,9 release until further notice.
Robocop | Satoshi Club
thank you for this clarification, is there any plan to
recreate the roadmap ? or maybe is there any new roadmap that you can share
with us?
thedoc
Leverage can be risky, so we had to take a step back on that
one to wait for the right moment to release the right product.
roadmaps in crypto are taken with a grain of salt as they
are bound to be obsolete very quickly
thedoc
(i don’t like them)
Pavel P
Agree with you – but it gives at least the vision of future
plans
Dates can be revised anytime
Robocop | Satoshi Club
Haha ,yes hate if not on time, user always get mad
thedoc
totally that’s right
Pavel P
Thank you for your answers! Ready to see the 3rd question?
thedoc
hit me
Pavel P
Q3 from Telegram user @Meta_MateX
You say that your community will be rewarded to executing or participating in specific tasks. As far as I get, this will be done through DAO. Could you explain the main principles of its functionality including the distribution of funds? Please also talk about the emergency allocation – the reason of holding it, when and how it can be used and how does your DAO manages its distribution. Thanks in advance!
thedoc
There’s a few ways that one may be rewarded in our project
initially we had a bounty system where we offered payments
for small development tasks, our stat bot for eg is one of these
Robocop | Satoshi Club
Oh bounty event , do you have link about this? and how about airdrop?
thedoc
Otherwise you may be an integral part of the community, and end up being rewarded for your time or ideas submissions
It was something that we had running at the start, but not so much any more. that being said, if i feel the need then there’s no reason to not offer a bounty for this type of contract work in the future.
We had no airdrop, and do not plan on it.
If you were a very early discord member you would have seen me flinging FHM around a bit to get the server running (boosters etc)
Those guys would be sitting pretty if they staked that from that date until now hah
regarding the emergency allocation
There is an emergency allocation, that we do have set aside
for things like potentially stabilising the FHUD liquidity pool or when we did
have 9,9 on the horizon it may have been useful then. If we do need to dip into
it, you know that all goes into a transparent accounting, but if we don’t then
those funds will just get placed back into the treasury.Our treasury management
guide outlines the details of these allocations.
Thank you for the detail answer, its clear for me, do you
have any additional question @Pavel_Jarosh?
Pavel P
I’m ready to see the next question if @thefantohmdr is ready
thedoc
go on
Pavel P
Q4 from Telegram user @einsteinyl
FantOHM already create 2 token $FTM and $FHUD. But actually I only understand that $FHUD token is a stable coin that pegged to $1 USD. So would you please introduce to us what are all functions from $FTM token and $FHUD token? What makes the stablecoin $FHUD different than other similar stablecoin for example maybe USDT, USDC and why its special?
thedoc
FHUD is our in-house algorithmic stable coin and it is
developed specifically with our protocol in mind. Everything about it is aimed
at increasing our treasury value and improve value to investors.
With v1, we introduced the proof of burn concept which is a
deflationary mechanic that burns the non circulating supply in our DAO wallet.
This unlocks that value which is sitting there idle in the DAO and enables us
to put it to use by swapping out the stable assets in the Treasury and making
investments which we then return back to the Treasury.
This is not possible to do with a stablecoin we do not
control.
We cannot mint DAI or USDC
It’s important to note that this is not just printing
unlimited money, there is a limit and we do not just print at will.
Robocop | Satoshi Club
so this is mean FHUD is not tradeable, right?
thedoc
we burn the FHM in the DAO to create FHUD which gives it its
intrinsic value
Now FHUD is tradeable
on Beethoven X
Pavel P
Could you also share your tokenomics?
thedoc
we released v 1.5 of FHUD last week with the launch of a
$10m FHUD-DAI pair
FantOHM is a Multi-chain Decentralized Reserve and Revenue Protocol, not just another copy-paste OHM fork that is built on Fantom Network. Rather, you aspire to reshape the way investors think about financial services, financial products, and the distribution of profit. You are solving the problems of ever-increasing inflation and the limitations of traditional finance. Please tell us What has your journey through 2021 been like, what are you accomplishments so far? What are some of the existing problems faced in the crypto world and how were you able to fix those problems? How do you intend to grow the FantOHM ecosystem? What are someone the innovations we should expect from the FantOHM network before the year runs out?
thedoc
great question
thedoc
We launched at the very end of October last year and have
had a very interesting few months.
initially, these projects would launch in a kind of
bootstrapping or treasury building phase where collecting as much treasury
funding as possible is the primary objective
This introduces challenges, although you would think that
having a huge treasury really quickly would be great it means a great deal of
dilution has occurred.
this is a unique problem for these forks
so we have not only to learn these lessons, but to adapt to
them to take control of the protocol so we can get the stability we need to do
what we really want to do
we are always looking for gaps in the market ,and are not
often seen doing what others are doing
it is very important to us that we have a protocol that can
withstand all the crypto seasons
and to do that, we might need to develop product that links
back to our treasury from the outside
it’s a very big world, and crypto is really very small
Pavel P
Great that you plan on the long run!
thedoc
Tapping into the global markets at scale is a primary goal
Well once you start one of these things there is really no
stopping!
you can’t stop
Pavel P
It’s called – addiction!
thedoc
well, committed
Pavel P
Let’s continue with the last question of part 1!
Robocop | Satoshi Club
Thank you for the detail answer
Pavel P
Q6 from Telegram user @chinyere2020
Stakers can stake their $FHM tokens on FantOHM website to earn rebase rewards but some individuals buy $FHM then stake those $FHMs only to sell immediately after the rebase. This hurts all other FantOHM stakers and causes excess dilution and negative price action, therefore, you decided to introduce a feature called “Warm up”. Can you give more details about how this feature works? How does the “Warm up” feature protect the FantOHM platform and other stakers from the excess dilution and negative price action that can be caused by the activities of rebase sellers?
thedoc
Warm up feature is a protection against rebase hoppers that
used to just go in before the rebase, stake, get the rebase distro and then
then unstake and sell on the market. This was causing lots of pain to our
investors and added a signification sell pressure. We also do have a video that
explains the issue and how we solved it. Its very simple, now when you stake
there are at least 2 epoch periods before you can withdraw your rebase rewards.
It was rife among rebase tokens at the start due to the
different epochs
It’s very simple, now when you stake there are at least 2
epoch periods before you can withdraw your rebase rewards. you are still
accumulating rewards when the sFHM is sitting in the warmup contract (not in
your wallet) and when you claim you get your staked about plus all rebase
rewards owed. For more detailed info here is a handy video.
So, let’s get ready for the storm of LIVE questions from our
community!
thedoc
thanks for having me on there
Robocop | Satoshi Club
Don’t forget to join Satoshi Clubber for the new update from
FantOHM
thedoc
not sure what to expect for this next bit
haha
Robocop | Satoshi Club
Are you ready for the biggest storm of question in Satoshi
Club ?
@thefantohmdr @bazinga500
thedoc
lordy lord
Pavel P
No worried. We open chat for 120 sec – when we close it back
please choose 10 questions to answer!
thedoc
ok great
let’s do it
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Wong2008
What is your plans exactly to keep the juiciest APY?
thedoc
This one is relevant.
We still have a very high APY of about 200k% and we plan to keep this for as long as possible. it is, very large and comparing us to other projects, we are arguable the best ROI. it is no accident that this is the case, we have very carefully managed treasury and DAO and it is all in the name of FHUD
Q2 from Telegram user @Sourava12
I am Very Eager to know about the BONDING MECHANISM which You have Launched and How You have Planned to Maintain FHUD pegs to $1 ?
thedoc
This one related to the recent v1.5 release of FHUD. we have new bonds that will help maintain the peg for FHUD. as a partially collateralised algo stablecoin, it relies on tokenomics to maintain peg. if a user ccan buy at $1 from the UI and sell it above peg for a profit, that is a successful trade and it also helps shift the peg closer back to $1.
likewise the other way, you may see the peg below $1 on beets, and you can sell this back to the protocol at $1 via the bond so you buy it and help move the peg back to $1.
we have the underlying bonding contracts available to us, so we have just built on that.
Q3 from Telegram user @chronic36
How many members currently make up your team? Are you hiring, looking for new members for the reason to expand?
K Bazinga
We have approx over 30 people in the team working. We are actively looking for talented people to onboard our team, you can find more info here: https://www.fantohm.com/#careers. Fantohm DAO is just at the begginng phase of its expansion and thus we plan to grow several times the number of people we have.
Q4 from Telegram user @vabbe1238eid
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
thedoc
We do not at this stage. buy backs in a bearish market are a waste of money. you can see other projects doing this but they never stick as the sell pressure is far too great. instead, we build and deliver product through these periods and show investors that we can do that and build the treasury at the same time. if the token price is so far below book value, it’s a sign of an undervalued stock and a very good buy. treasury value to market cap is a good indicator of that.
Q5 from Telegram user @barisbektas1
I realized that FantOHM DAO accepts Clandestina NFTs and will put them up for auction, so what are the main reasons FantOHM DAO expects for this move? Will we see different NFT studies from FantOHM DAO platform?
thedoc
Clandestina was a move we made to continue the narrative of innovation we started. it’s a utility nft that gives fractional ownership of a secret network validator node and we own 1% of the total supply. this is a revenue stream for the treasury. we do have one that we will auction off soon, i can’t tell you exactly when that will be but it will happen
Q6 from Telegram user @captainprice111
Can you tell us in simple sentences about your miracle that has achieved high returns with FantOHM DAO’s Healthy APY and 5-day ROI? Do you have financial analysts and market-experienced team members in FantOHM DAO’s team who are constantly examining the macro and micro economic factor?
K Bazinga
We are one of the few projects that in December started looking at the market and got ahead of the curve as we knew that we needed to innovate in order to keep growth. While other projects dropped APYs and sank. Our strategy team of highly experienced financial & actuarial analysts with decades of experience between them decided to take this issue head on and prepare for this. Thus we came up with the proof of burn concept. More detailed info on this can we found here.
I read that FantOHM is run by an anonymous group of dedicated developers, strategists, advisors, and crypto veterans united by a passion. But really why have they decided to be completely anonymous? Don’t you think this will give users doubts about investing in their project? or do you have any way to guarantee that they are trustworthy?
thedoc
We are all anon yes, some internal doxing but otherwise anon. when we launched it was not a huge cry from investors to dox or kyc, but as we progress it may become something we need to do. there are moments in crypto when things are great, but there are times when they are not. it’s during those times you would wish you were not a public figure.
Q8 from Telegram user @Manzanog
Can we really only buy OHM on SpookySwap right now? If so, then do you plan to list it on multiple other exchanges? If so, which ones would they be and for what date do you plan?
thedoc
we have LP on spooky only for FHM, but we are also now on beets for FHUD. we may add new LP on beets for different pairs relating to FHM and FHUD. you may also see other places that you can use FHM and FHUD in the near future.
While Reading about the FantOHM, I Encounter With the PROOF OF BURN MECHANISM, Frankly Speaking , I have not heard of this Mechanism, Could You Please tell me More about this Mechanism ?
K Bazinga
Yes why not. There is a lot of information in our discord engagement chanel and also in our WIKI. For more questions regarding that you can always drop in our community and get to know more about it.
Hello FantOHM, I would like to know what happened with Crystal Ball and why it does not appear? can you explain why they removed it?
thedoc
Yes. The Crystal Ball/Calculator has been removed from our site. In many ways it created a false narrative about a single possible scenario that we could not guarantee so we decided to take it down. We felt that was the most responsible thing to do. The team has had many discussions about possible improvements to make it better but have not been able to devote development time to doing so. We understand many like it but have found that there are non-FHM versions (both graphical and spread sheet based) online that you can use.
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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