Blockchain technology has grown in acceptance since its early days of introduction and it has seen several applications most especially in the financial aspects of human lives. Its core function is exhibited through the creation of a tamper-resistant and transparent ledger for digital assets, such as cryptocurrency.
Most blockchain projects have their own crypto tokens which serve as a means for traders and investors to make their financial investment commitments. For long term holders and investors, many crypto projects have developed Staking Systems that allow investors to earn passive yield from their idle assets.
Overtime, projects have played around staking concepts, and various iterations of staking have emerged. One of the staking variants which is gathering momentum is Auto-staking – a staking concept that allow users to earn yield reward from assets sitting in their non-custodial wallets without sending them out or locking them on a 3rd party smart contract. By buying these tokens in their wallets, users have the opportunity to increase their assets up to 100,000% APY in the form of compounded interest. This has been seen by many long term holders as a better alternative to manual staking and compounding process that characterized other forms of staking which requires assets to be locked on a 3rd party smart contract.
Staking based on the auto-staking rebase algorithm concept has been gaining traction recently and one project that aim to spearhead the next generation DeFi staking based on the auto-staking and auto-compounding concept is Multi Finance. Apart from promoting a simple Buy-Hold-Earn concept, Multi Finance has also incorporated the popular concept of Multi-Level Marketing into its protocol, a move which is meant to leverage the positive marketing strategies made possible by this system for the betterment of the entire ecosystem.
This review focuses its elucidative lens on this project and I urge you to meticulously read along as I flesh out the peculiar perks of the Multi Finance Protocol.
1.What is Multi Finance?
MultiFinance is the leading Multi-Level Marketing (MLM) system in DeFi 3.0 Auto-Staking and Auto-Compounding protocol that delivers a sustainable APY up to 636,713.69%. It is a next-generation, community-oriented, fully decentralized DeFi project that allow users to utilize a simple Buy-Hold-Earn system to grows portfolio in their wallets.
Within Multi Finance ecosystem, users are exposed to a lot of interesting products such as Sure-Win lottery, MultiSwap, Watch-to-Earn based on NFT levels, Multilink W3, MUSD stablecoin etc., which they can interact with daily. Many of these features will be released in phases according to the schedule in the roadmap. I will be expanding on each of these products during the course of this review.
Multi Finance Protocol team composition is made up experienced team members that include talented blockchain developers who are well versed and experienced in the crypto space. The protocol has already passed audit certification from Coinscope and the identities of the project team members have equally been KYC verified by the same firm.
2.Buy-Hold-Earn powered by a unique Auto-Staking and Auto-Compounding Concept
Staking platforms are attractive and they offer great benefits to users by offering them an opportunity to lock their tokens for passive interest. Multi Finance has built its system round the hugely successful staking concept, albeit this time, staking on Multi Finance is done directly in users’ wallet. Users simply need to buy and hold $MLM in their wallet to enjoy juicy interest based on a Rebase mechanism. This Rebase token mechanism supports investors to enjoy staking benefits automatically and it is well designed to ensure that everyone will get good revenue by just owning tokens in their wallet and holding them for a long time.
Multi finance has provided users with a working and effortless model to generate cash flow. How does this work? The Math is simple. Every 15 minutes, holders are paid 0.025% compound reward directly into their wallet. Hypothetically, let’s say you invested $1000 of $MLM today. At the end of 1 year, this will be worth a massive 6,367,136.91 of $MLM. Interesting, Isn’t it?
A fixed APY of up to 636,713.69% return on an investment is not only surprising but also massive. The team has done a thorough calculation before arriving at this value and it will take over 10 years for the mechanism to rebase all of its tokens. To handle the liquidity problem and to avoid a broken chart or indiscriminate dump, there is a Buy/Sell tax up to 20%. This level is set to protect users and encourage them to hold tokens in their wallets since staking itself is a long-term adventure that is meant to provide a win-win outcome to users. However, for committed users who joined the Multi-Level Marketing referral mechanism, they will be able to reduce this to 10%. I will throw more light on this in the next section.
3.Multi Level Marketing and Referral Ranking
Multi Finance has in place a Multi-Level Marketing (MLM) model that creates a playground for lovers of Multi-level programs to experience the good things about MLM, play hard and win valuable rewards in their wallets. Unlike Ponzi schemes, Multi Finance MLM model is designed with a right approach that takes advantage of the multi-level system to create community cohesion and open up attractive programs that benefits community users.
4% of trading fees will be used to pay in $BNB for unlimited levels of marketing. When users take advantage of referral mechanism to build their MLM ecosystem, their buy/sale tax can be greatly reduced after they enter the information of their referral in the Multi Finance App. The player will receive a buy/sell tax reduction which can be as low as only 10% for each buy or sell action instead of the in initial 20%. The more BNB of $MLM a user hold, the higher rank he can get and there is unlimited levels. This means if you hodl 20 BNB of $MLM, you can get referral bonus up to level 20.
It is apt to point out that the MLM referral event is optional and is entirely up to users to join if they love the system and want to enjoy the benefits it offers. Users are not required to compulsorily invite others before they can enjoy the beneficial products that Multi Finance has to offer.
4.Sure-Win lottery
This is the product of Muilti Finance that allows holders of $MLM token to purchase lottery tickets which can give them a chance to be included in a draw to win great reward per spin. It is a sure-win lottery and the ticket fee is only 10 $MLM. There are no strenuous requirements or limitation for lottery, apart from just buying some $MLM and joining any of the lottery session.
The lottery reward is funded using of 1% from trading fees which is transferred to a dedicated reward pool. Every 30 seconds, all holders of $MLM that purchase a minimum of 1 ticket will be drawn by contest where they will be selected by chance to win between 5 $MLM to 100 $MLM. The probability of the reward that you can obtain from the lottery system is displayed in the graphics below:
5.MultiSwap – Enjoy a CEX in a DEX
Decentralized exchanges based on the Automated Market Maker(AMM)have redesigned token swaps process which was previously negotiated between parties as peer-to-peer sales to an automatic peer-to-contract transactions. Despite the enhancements brought by DEX swaps, it has its own limitation. In some DEXs, users are unable to set and use order books. They are only able to exchange assets based on market price. This makes them to keep their eyes glued to charts all day long in order not to miss out on the best price to sell or buy their tokens.
MultiSwap will function as an exchange that blends both CEX and DEX attribute in one place. It will allow users to set their orders based on their preferred trading price using the order books. Users will no longer need to keep vigil and monitor price charts because as soon as the price hit their target, their orders become filled and this is done automatically.
After Multiswap is launched, everyone will be able to swap any BEP-20 currency pairs with each other. MultiSwap contract will be responsible for placing an order and holding it until it is executed and the DEX can be linked to Pancaswap API in order to make token swaps more proactive. In addition to this, MultiSwap will have a tool to check contract in order to reduce the chance of listing scam tokens which could become harmful to investors.
6.Watch-To-Earn Trend and NFT Followers Concepts
Several projects have developed earning concepts that enable users to passively earn tokens by doing activities such as moving, exercising, walking or playing games. Most of these earning concepts have been successful to a large extent. Multi Finance is promoting a new trend of Multiverse concept that allows passive earning using an innovative Watch-To-Earn (W2E) mechanism that enable users to make money just by watching videos or listening to their favorite music.
Multi Finance is working with partners and also collaborating with advertising companies that need to promote their products. These videos will be uploaded onto the website and users can start to earn when they view them. Individuals and content creators holding $MLM in their wallets can as well contribute their videos and upload it to the website which will allow them to farm bounty incentives which can be withdrawn anytime. Earning ratio will be based on each user’s asset bag and NFT levels.
There are 4 levels of NFTs within Multi Finance NFT W2E multiverse. The 4 levels of NFTs are Silver, Gold, Diamond and Red Diamond. To start the journey into the watch-to-earn function, each player has to own at least 1 NFT out of these 4 NFT levels. Ads videos revenues from the reward pool are distributed to $MLM hodlers based on their NFTs levels. The higher level, the higher your earning ratio, the higher the income that you will get.
7.The Middleware Linkage between Off-Chain Real Life and On-Chain Smart Contracts
Multilink W3is another product of Multi Finance that is bound to make impressive impact. There is a challenge of connectivity between input and output transfer from real life data into blockchain. As a result of this, Smart Contract does not have the ability to interact with any data source outside the Blockchain. This makes it difficult to develop Smart Contracts with diverse function.
Later in its roadmap, Multi Finance plans to release MultiLink W3 with the mission to become the multi networks that will allow the integration of real-life data into smart contracts. This will provide additional catalyst for protocol development and expansion as it will definitely attract the attention of many trusted data providers access to data directly to MultiLink W3.
MultiLink W3 features will include blends of exciting data linkage concepts and it will serve as a decentralized network of information transfer bridge from real life into blockchain. It has an ultimate goal of acting as a dependable middleware that fill up the missing link between smart contracts and external data sources, allowing smart contract to securely access an off-chain data feed.
8.Tokenomics and Fees Structure
$MLM is a BEP-20 token and it is the main token used in Multi Finance platform. The token has a maximum supply of 15,000,000,000 and 400,000 $MLM has been burned. Beside the amount of tokens for presale and the ones used to add liquidity, all tokens have been locked in the locked pool for 10 years; a move which was done to protect the interest of investors. The price of the token is secured through an asset fund; hence, it will be very resilient to market fluctuations.
For every buy/sell action, the platform charges 20% as tax; a move which is meant to encourage long term hodling. Just like I said initially, for users who have an upper referral, they will be able to reduce this by 50%.
Multi Finance ensures that all fees charged from traders are reinvested back into the protocol to benefit ecosystem users. For the 10% charged from users with upper referral as buying/selling fees, 2.5% is used to fund insurance wallet, 2.5% goes to treasury, 4% of it is used for marketing while 1% is used to continuously fund the sure-win lottery reward basket pools.
The insurance fund is meant to sustain the system and provide reliefs to the ecosystem. This fund will be used to avoid flash crash, swan events, sudden pump and dump whales and token buy-back when necessary. The treasury reserve will be used to fund marketing, new products, services, and projects that will expand and provide more value to the community.
9.Closing thoughts
Multi Finance is a protocol that has leading products which are designed to offer enriching benefits to investors. With an array of products such as auto-rebase reward mechanism, watch-to-earn, MultiSwap, Multilink W3, Sure-win lottery among others, Multi Finance has been able to provide users with high caliber functionalities and utility options. These individual products are just like standalone projects that are not only self-sustainable but can also guarantee effective return of values. Their conglomeration into a single platform will definitely drive a sustainable impetus that is capable of shooting Multi Finance into its zenith.
The project has found a right approach to harness the positive powers of Multi-Level Marketing for the expansion of project user base and facilitation of community cohesion. As a next generation pacesetter in DeFi 3.0 auto-staking and auto-compounding, Multi Finance has provided investors with a more convenient model that encourages hodling while earning lucrative APY returns at the same time.
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 NFTuloan Flash AMA and our guest was . The AMA took place on the 27th of June
The AMA session was divided into 2 parts with a total crypto reward pool of $200
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Gold
Rocket | Satoshi Club
Hello again, dear Satoshi Club community! We are pleased to announce Flash AMA Session with NFTuloan
Andrés
M. | Satoshi Club
Hello
everyone and welcome to our new chapter or AMAs, happy to see you again
NFTuloan
hi
Gold
Rocket | Satoshi Club
Today our
guest is @nft_uloan
NFTuloan
Hi everyone
Gold
Rocket | Satoshi Club
Hello and
welcome to Satoshi Club!
Nice to
e-meet you
How are you
doing?
NFTuloan
Great thanks
Gold
Rocket | Satoshi Club
Thanks again for joining. Let’s start! Introduce yourself please. How did you get to be involved in crypto & NFTuloan?
Andrés
M. | Satoshi Club
It is a big
pleasure for us to have you here.
NFTuloan
well i m Joni
Mendes CMO
12 years
experience in marketing and 7 years in block, joni help differents project
across the globe to reach their goal, and successfully exit. Currently
Joni coordonate all the marketing operation for NFTuloan.
Passionate by
the Web3 and all the technology around
Gold
Rocket | Satoshi Club
sounds great
Gold
Rocket | Satoshi Club
How long does it take to develop a project? What plans do you have for the future? And what can we expect from NFTuloan
Andrés M. | Satoshi Club
Very interesting, which projects did you work before NFTuloan?
NFTuloan
Well about 9
month but we already have our MVP live on ethereum testnet so it s a big achievement.
Next step we
ll release it on Bnbchain, Solana, and Polygon
NFTuloan
I work for
IBM in the beginning of careers then i understand it s more exciting to join
the start up and the blockchain ecosystem
Gold
Rocket | Satoshi Club
You are
moving in the right direction and at the right pace!
Also we would
like to know more about your team. Who is on the project team core?
Excellent
background
NFTuloan
Sure the
project is backed by Hello Group a dev company since 2010
Andrés
M. | Satoshi Club
Absolutely,
great choice
Gold
Rocket | Satoshi Club
Is your team
anonymous?
Andrés
M. | Satoshi Club
Which
Blockchain is your project based on and why?
NFTuloan
no company
legit and team doxxed
we are multi
chain and we open we are available on ethereum and soon on bnbchain, polygon
and solana
Gold
Rocket | Satoshi Club
Tell us about the benefits of NFTuloan. How is it different from others?
NFTuloan
NFTuloan is here to offer liquidity to all the digital assets.
Flash loan
NFT for all Digital Assets (NFT) Art, Collectibles, Domain names, Music,
Photography, Sports, Trading cards, Utility, Virtual worlds, Play2earn..
The Only NFT
service thats gives real value to your jpeg. Creators and Collection send your
NFT on steroid!
This totally
defi loan protocol instantly and unprecedented opportunities to borrowers to
enhance their NFT portfolio. On the other hand, You can stake your ETH and
receive 70% from the liquidity pool fees and paybacks up to 399% APR
We are only
fully onchain protocol that gives instant liquidity to Digital assets!
Andrés
M. | Satoshi Club
That’s the
way to reach mass adoption
Gold
Rocket | Satoshi Club
wow! this is
really a revolution in crypto
it opens up
great user perspectives.
Gold
Rocket | Satoshi Club
@NFT_uloan
thanks for your great introduction
Andrés
M. | Satoshi Club
@NFT_uloan
thanks a lot for this amazing introduction, we are glad to know your project
NFTuloan
Thanks
Gold
Rocket | Satoshi Club
Do you want
to add something? Or can we proceed with the live part?
NFTuloan
yes
at 2pm utc
our public mint will start and i want clarify things
Well,
@NFT_uloan are your fingers prepared for the second part of the AMA? A ton of
amazing questions are waiting for you, you should answer your 10 favorites
NFTuloan
yep
Part 2 — live questions from the Telegram community
Q1 from Telegram user @follow_upgs
When did you start developing NFTluan and at what stage is your project now? Have you completed all the testnets? When will you move to the mainnet phase?
NFTuloan
yes everything is ready now to be launchh!
we are waiting the security audit and then we opens it
in couple of weeks.
We offer the possibility to become member to nftuloan
Q2 from Telegram user @Kelvins321
I also Wants to “GET INSTANT LIQUIDITY WITH YOUR PLATFORM” , May I know The STEP BY STEP Process about this and What are the Perks of Choosing NFTULOAN ?
NFTuloan
it s very easy like 1,2,3 you just need to connect your metamask wallet and request a loan
Q3 from Telegram user @Nonerlike
Is it sure to get Loan gurantee or do we need to provide any Kyc for surety and loan? What are the steps and how do you maintain liquidity to our collection
NFTuloan
we are decentralized protocol, there is no document and no kyc this is the beauty of web3
Q4 from Telegram user @TheRiddler10
I noted that users who participate in your drop will get the NFTuloan lifetime access in your Alpha group & access to your skyrocket tools. Can you give us more information on the Alpha group? What are the benefits of being a part of the group? What kind of tools does one gain access to? What are the uses of the Alpha group in the NFTuloan community?
NFTuloan
firstable to be a member you will receive 30,000$Uloan
each $uloan worth 0.02ctusd
inside of the exclusive access you can enjoy all the defi benefit and stake your eth at 30% apr
Q5 from Telegram user @Madin_tosh
Can i be liquidity provider on the NFTuloan pools without owning the NFTs ?!also may i know are the team members anonymous or doxxed ?!
NFTuloan
to become liquidity provider you need to hold a membership.
and of course the deam is doxxed
Q6 from Telegram user @UniqueVicky
The public sale is supposed to hold today 27th of June by 2pm UTC. I want to know if the arrangement still stands or canceled? Can we still stand a chance of participating in the public sale or do we need to be whitelisted first?
NFTuloan
This is a public sale open for everyone interesting to be a part of th future.
not for nft flippr
Q7 from Telegram user @hihohiho140699
Very Interesting and Different kind of name in Crypto space What is the main reason to choose this name and what this name signifies to your project ?
NFTuloan
We choose a name relative to our business and to be easily memorize.
NFTuloan
Loan your NFT
Q8 from Telegram user @yushi68
So many projects prefer to communicate about the short or medium mission and vision statements, but what are your short-term goals for your project? What are you concentrating on right now?
NFTuloan
now we are focus on the public
and focus to build our community
Q9 from Telegram user @Blythe4
Additionally, both of your private sales are currently sold out. The NFTuLoan’s future is unknown. Do you plan to do another presale? The public mint opens when?
NFTuloan
Public open in 1h
if you want to join, come to nftuloan.com
please come to share our vision of Web3
Q10 from Telegram user @munnabhaiya11
I see my NFT worths almost 60 ETH but I see I can only borrow 42 ETH. Can you talk more about this issue? Why is it so?
NFTuloan
we are giving up to 70% LTV value of your NFT
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.
For more information and future AMAs, join our Social Media channels:
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 bloXmove Flash AMA and our guest was . The AMA took place on the 27th of June
The AMA session was divided into 2 parts with a total crypto reward pool of $200
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Mary
| Satoshi Club
Hello Satoshi Club! We are happy to announce our
Flash AMA session with bloXmove! Welcome to Satoshi Club
feels good to
be back here in the satoshi club after a few months
silverlynx
bloXmove CTO
Very well and
looking forward to present the latest and greates on bloXmove and BLXM
Sophia
| Will never PM you first
– hard work
– market ups
and dooowns
Mary
| Satoshi Club
Let’s move
bloXmovers it will be hot Flash AMA
Sophia
| Will never PM you first
therefore we
invited @DaniDr10 as well
Sophia
| Will never PM you first
hehe
Dani
bloXmove
haha don´t be
hard on me
Mary
| Satoshi Club
Could you
please introduce yourselves for our community
Sophia
| Will never PM you first
sure, guess
some people know us, some not… we start with the basics
Dani
bloXmove
but really
happy to be here explaining our last success to the community
silverlynx
bloXmove CTO
I am Harry,
CTO of bloXmove; I went to school in Egypt, went to university in Munich,
Germany, worked 10 years and made a PhD in Japan and joined Daimler in China; my entire Background is in
software in areas like telecommunication and mobility. Since many years I am
into blockchain; last at Daimler Mobility where I established and headed the
blockchain factory; I have my master’s in computer science and PhD in
information engineering; besides code, I like and continously learn languages
currently focusing on Mandarin Chinese
Andrés
M. | Satoshi Club
We are
excited for it
Sophia
| Will never PM you first
Sophia, I am
Ceo of bloxmove… i am in charge for all investor topics, partnership
relations and sales & marketing
my background
is in psychology, not tech… but I was always working on the interface between
humans and technology… worked for mercedes – automotive – over 7 years…
Mary
| Satoshi Club
Nice choice,
Mandarin
Oh,
psychology is important in each industry!
Sophia
| Will never PM you first
If we are not
in web3 or the metaverse – I love to run marathons, trails and build my house
in Ecuador…
Mary
| Satoshi Club
And guys,
could you please tell more about bloXmove project to those who are accidentally
not familiar with your project
Sophia
| Will never PM you first
Yes or, can
never hurt
Dani
bloXmove
I am Dani,
background in engineering, data analysis and AI (PhD). I am coming from Spain
but most of my professional career has been developed in Germany. I have worked
at the University of Stuttgart for 4 year and another 4 in Mercedes-Benz within
Daimler group. I am supporting all technical development inside bloXmove
specially everything oriented to blockchain and smart contracts
silverlynx
bloXmove CTO
We are
bloXmove, a newly found venture with headquarters in Ireland and Germany. Our
product the bloXmove Mobility Blockchain Platform was incubated by Daimler
Mobility (the parent company of Mercedes) and this is also the background of
our founders and board.
Sophia
| Will never PM you first
We
decentralize and decarbonize mobility by connecting transport operators in one
Mobility Alliance and their electric vehicles to the grid in order to balance
renewable energies and make mobility carbon neutral. bloXmove is the
distributed ledger for power & mobility transactions from identification to
consumption-based settlement between all co-opetitiors.
silverlynx
bloXmove CTO
Users can
consume these services with BLXM
Sophia
| Will never PM you first
here is our
joint press release if you want to read more about the mercedes history
We are in the
final stretch towards main net launch
Andrés
M. | Satoshi Club
The token
have been launched? How can we earn it?
silverlynx
bloXmove CTO
Full mainnet
deployment will happen in Q4 on CELO as well as Energy Web Foundation
Mary
| Satoshi Club
Wow, it
should be soon? Can’t wait for it!
Andrés
M. | Satoshi Club
Satoshiclubbers,
let’s check it
Mary
| Satoshi Club
Oh, i see!
silverlynx
bloXmove CTO
You can buy
on Uniswap (ETH) or Pancakeswap (BSC) or BitMart (Ethereum)
Sophia
| Will never PM you first
maybe on add
on: why do we need bloXmove and #BLXM
PROBLEMS AND
PRESSURE POINTS WE SOLVE:
Urban
mobility is fragmented and requires more efficient resource sharing. New modes
of transportation add choice for customers, but also add complexity. Users lose
money and time with multiple onboarding processes, cannot transfer tickets and
must use several apps on each journey. Operators cannot offer integrated,
bundled services to provide the actual service desired: urban, multi-modal
mobility. This also leads to inefficient and unsustainable allocation of
resources.
Building an
infrastructure to address these challenges is beyond the means of any
individual enterprise and requires sharing and pooling of resources. Getting
enterprises to cooperate can only be achieved by democratized and shared
governance – a platform dominated by a single player will not get buy-in from
other service providers.
Please share
us your roadmap to check what you have achieved
Mary
| Satoshi Club
It’s time to
fill our bags
Andrés
M. | Satoshi ClubOh
amazing, so your token has a multi chain essence, right?
Sophia
| Will never PM you first
weekend was
interesting
Dani
bloXmove
exactly, and
it will be live in more chains soon
Mary
| Satoshi Club
Thank you,
guys for your introduction it’s awesome
as everything you do!
Sophia
| Will never PM you first
this is one
of our core tech values: multi chain ability
open source
is a second value… and as harry said – main net dev…
Andrés
M. | Satoshi Club
Great job,
guys
Mary
| Satoshi Club
And the
hottest part of our Flash AMA is close now! Do you want to add (announce)
something before we will start with live part?
silverlynx
bloXmove CTO
silverlynx
bloXmove CTO
Yes
Sophia
| Will never PM you first
the last 2
weeks, we got a good due diligence by one of our partners in the netherlands…
report is transparent as well as code
Andrés
M. | Satoshi Club
Thank you so
much for share it
Sophia
| Will never PM you first
just the
latest and hottest news… if this was hot and flash part
silverlynx
bloXmove CTO
We just
announced a very exciting partnership with NRVerse where we provide an
NFT-based protocol to them by which they can sell Renewable Energy Certificates
(REC) to Metaverse actors
This is fresh
out of the oven – you’re the first to hear this
Mary
| Satoshi Club
Wow
Sophia
| Will never PM you first
it has huge
potential and is in our eyes the next level of evolution when it comes to web3,
NFT and metaverse
Sophia
| Will never PM you first
as you
@DaniDr10 said – the bored ape for #power and #mobility
just much
cooler ….
Mary
| Satoshi Club
It’s first
time i hear about NFTickets
Dani
bloXmove
yes, bored
but quite intelligent I would say
Sophia
| Will never PM you first
that’s a good
sign
maybe you
want to add a few words
as Mary said,
i guess not everybody has the link between NFT and ticket
silverlynx
bloXmove CTO
I am being
blacklisted
Mary
| Satoshi Club
silverlynx
bloXmove CTO:
The protocol
is based on our (still stealth) NFTicket framework, by which we power NFT-based
tickets for mobility, metaverse as well as concerts or metaverse events
Dani
bloXmove
they are
brand new! and not existing out there with all the utility we are providing
them
silverlynx
bloXmove CTO
My posts are
being rejected, why?
Sophia
| Will never PM you first
too hot, too
flashy maybe
Mary
| Satoshi Club
@FactoryMan
sorry for inconvenience, our bot is strange from time to time
Andrés
M. | Satoshi Club
Sorry
Mary
| Satoshi Club
Btw, will
NFTickets have fixed price or market will decide?
silverlynx
bloXmove CTO
The market
decides
We provide
the protocol to mint and resell them
But they can
then be put on OpenSea or traded through any secondary mechanism
Mary
| Satoshi Club
That’s cool!
We will wait and buy as much as possible)
silverlynx
bloXmove CTO
For that we
provide a special virtual smart contract which can be adapted by Service
Providers
Andrés
M. | Satoshi Club
Of course, it
is a great option to make a good investment in an early stage
Dani
bloXmove
We hope so!
but keep in mind that they are “not only” collectible, the can have
utility inside platforms
Mary
| Satoshi Club
And it’s the
main thing!
silverlynx
bloXmove CTO
Yes, indeed.
That is why we call it NFTicket
They are
fully collectible NFTs
And the
protocol we developed provides the TicketMaster logic to create, sell, redeem
and pay them
as tickets
for any service that can be operated with a smart contract
silverlynx
bloXmove CTO
Just imagine
a concert ticket for the your favorite band with teh art work including a
signature from the lead singer
Sophia
| Will never PM you first
Some people
here already have a headache – at least the emoji
silverlynx
bloXmove CTO
and this
being an NFT, which you use as the ticket and then keep as a collectible
Mary
| Satoshi Club
You are
building incredible services guys!
Andrés
M. | Satoshi Club
It sounds
like the future
Sophia
| Will never PM you first
yes, because
with real use case / utility
this makes it
so cool… we utilize the new tech concepts but solve problems and fulfill
needs…
Mary
| Satoshi Club
Ahaha it’s not headache) we are excited about
everything you do!
Mary
| Satoshi Club
So, guys,
it’s time for a big storm
Sophia
| Will never PM you first
indeed it is…
but presence as well.. because we could solve some issues with pirated copy,
prove the green power used for events etc.
Andrés
M. | Satoshi Club
Let’s open
the gates, thanks for the amazing introduction
Mary
| Satoshi Club
We will open
chat, please, don’t answer any questions until we will close it again
Sophia
| Will never PM you first
ok
Dani
bloXmove
okk
Sophia
| Will never PM you first
and we pick 3
per person?
Mary
| Satoshi Club
As you wish
Mary
| Satoshi Club
Let’s go
Part 2 — live questions from the Telegram community
Q1 from Telegram user @burshanggal
Your project is fantastic and is full of ingenious concepts. Each project has a rich history before it was built. Please express your thoughts, hardships, and motivation for starting a project with us.
Sophia | Will never PM you first
wow, nice deep question… in our case it was the history with MERCEDES-BENZ; we jointly incubated the technology and created the vision of a decentralized mobility by our own.. we truly believe in what we are doing and trying to change… further more, we want to manifest new things in life, web3 is the chance to do this from scratch… and last but not least we believe that in a world where AR VR metaverse, sensors merge – we need solutions like our node-infrastructure – a smart way of how people can roam through ecosystems..
Q2 from Telegram user @Akay_op
After locking period, can a person choose to only retrieve their rewards and continue staking with the already-staked tokens?
Dani bloXmove
Currently we are offering two main products investors can use to 1) support the blxm ecosystme and 2) earn rewards. The platform, the investors portal, is continuously under improvement and expansion. We have released a new version today improving efficiency and will deploy a new Frond End version in the upcoming weeks. Direct re-staking including rewards will be included
Q3 from Telegram user @vidhi7560
I read blockchain software licence assigned by Daimler. What does this means and also Is your platform the owner of MBP now? also Are you going to continue on all the old pilots which is already engaged under Damler?
Sophia | Will never PM you first
yes it was a succesful management buy out; technology ownership is with us, with our holding company – Power & mobility in Ireland, Dublin; Yes we move on with 2 specific pilots with Mercedes and one fleet subsidiary
Q4 from Telegram user @Ravan_since_1996
Is there any token burn strategy that you follow if yes, please let us know how much token you have burned so far and what are your future plans regarding it?
Dani bloXmove
Yes, there is a burning strategy that will start as soon the token fuels the platform, meaning it starts to be used inside the bloXmove mobility platforms. Exact details will come then
Q5 from Telegram user @adaatalay
Could you briefly talk about how your “ReBeam” project, which you started with our partners Energy Web and 50Hertz Transmission GmbH, will solve the challenges posed by rapidly increasing electric vehicles and charging points? How will you restructure and solve flexibility in supplier selection? How can I get more information about this pilot project and its key features?
Charging stations are highly decentralised, meaning the market is highly fragmented in that a substantial number of independent charging operators (CPOs) operate charging stations. Because this makes it difficult for customers to use their services EMSPs (Electric Mobility Service Providers) have emerged, who aggregate customers and CPOs. They can thus offer their customers one app by which the customer can use any of the many CPOs under contract with the EMSP.
The customer convenience a roaming aggregator provide comes at the cost of the usual, unhealthy market dynamics involving centralised aggregators: the EMSP takes a part of an already thin profit margin which can be made by providing charging.
This goes directly to the detriment of the CPO who is actually providing the service. On top of that customer relationships — and with that market and negotiating power — end up with the aggregator.
Decentralized platforms offer a fundamental way out of this “aggregator trap”.
ReBeam is designed to make charging stations independent — i.e. decentralized — profit-generating assets which can be rented to deliver power as well as parking space. Technically the application is based on the OPEN CHARGING NETWORK (OCN), which is part of the EWF’s infrastructure.
Through ReBeam Charge Point Operators (CPO) can deliver any power company’s electricity to vehicles with no revenue-extracting middleman such as the EMSP.
This is why we call this decentralized roaming: roaming without the roaming costs currently held by the EMSP aggregation players.
Q6 from Telegram user @letsb3happy
Using blockchain technology, you’re establishing an alliance for urban transportation and a reality for effective green energy. In what ways is your platform ecological friendly? Do you endorse the green cryptocurrencies circulation? How do you decreased carbon footprints while yet balancing grids of renewable energy?
Sophia | Will never PM you first
Some facts, in short:
Proof of Work blockchains can require large amounts of energy for transactions
bloXmove ONLY builds on blockchains which focus on sustainability and low energy usage
CELO is a blockchain bloXmove builds solutions on, they are carbon negative: they offset more CO2 than they emit: https://www.wren.co/profile/celo
At capacity, CELO could process 7 million transactions per ton of CO2
Energy Web Chain is used for our e-mobility solutions: it uses a proof of authority transaction mechanism, it’s annual energy usage equals that of a standard office building
Energy Web runs 100% on renewable energy (carbon neutral)
Q7 from Telegram user @Brigandin88
I hear that bloXmove release an NFT name with NFTicket, what can we do with the NFTicket and also please mention about all function from NFTicket? Thanks
Dani bloXmove
Our vision is that NFTicket is an image attached to a smart contract. Possibilities are endless and most of the business logic can be encapsulated in our NFTticket implementation. We are talking, in the mobility use-case, about identification, booking, payment and access control all in one token. This makes not only the technical implementation cleaner and more efficient but also simplifies the userfow and improves user experience
Q8 from Telegram user@GreatAlfred8
As a project that is just starting out on an awesome exploration into the Crypto ecosystem,do you think the presence of whales is How will you make sure to make good volume after initial pump n dump? Because most projects never make it out of this initial dump. How will you keep the community positive and maintain good volume for investor confidence?
Sophia | Will never PM you first
not easy question right now in this market – we will move on with a nice buzz and engagement… and work with youtubers that stand for our products and values like mobility and sustainability; we invest in crypto partnerships and NFT related things like we announced with the NRverse case….
AAAAND stay tuned, we prepare a nice metaverse event right now, with our partners, and DJs and cool program
Q9 from Telegram user @iam12312
There are many centralise platform like a DIDI and Uber, Can you please discuss about the issues with those kind of Centralized platforms? What will be the role of BloXmove in this sector?
Sophia | Will never PM you first
Uber, didi – rule the ecosystems, take up to 30 percentage of revenue and take the customer touchpoint, this is tough for all transport operators like a driver with 5 taxis etc… we will make their live easier
Q10 from Telegram user@messilolz
on your roadmap you have NIGERIA RIDE HILL GO LIVE..Community building is needed for project sucess.Do you have a community for non english speakers who dont uderstand english?Are you a global project or not? What are the local community chat available ?
Dani bloXmove
of course having a local community is a must in each market we want to participate. In the Nigeria example, we already have a web page in place https://bloxmove.ng/ and communities in social networks will come as well
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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