{"id":13507,"date":"2021-10-18T18:52:44","date_gmt":"2021-10-18T15:52:44","guid":{"rendered":"https:\/\/esatoshi.club\/?p=13507"},"modified":"2021-10-18T18:52:47","modified_gmt":"2021-10-18T15:52:47","slug":"nfraction-x-satoshi-club-ama-recap-from-18th-of-october","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/10\/18\/nfraction-x-satoshi-club-ama-recap-from-18th-of-october\/","title":{"rendered":"NFracTion x Satoshi Club AMA Recap from 18th of October"},"content":{"rendered":"\n

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 NFracTion and our guest was @sicker_than_your_average – representative of NFracTion. The AMA took place on the 18th of October.<\/a><\/p>\n\n\n\n

The total reward pool was 500$ and has been split into 3 parts.<\/p>\n\n\n\n

In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014 introduction and questions from the Website<\/h2>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Hello, community! Welcome to another chapter of our exciting AMArathon.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nToday\u2019s guest is @sicker_than_your_average! Welcome! Great to have you here! 🥳🔥<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nHello everyone, glad to be here! 💪🏼<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
Welcome, Elio! We’re super excited to know anything about NFraction!🔥🔥🔥<\/p>\n\n\n\n

How’s your day been so far? 😁<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
@sicker_than_your_average welcome to Satoshi Club, is a pleasure to have you here to talk about NFraction.<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nThank you, we are super excited to share our project to your community. So far\nthe day was great, let\u2019s keep the good vibes rolling. ✌🏼👍🏼<\/p>\n\n\n\n

That\u2019s the spirit!💪🏼💪🏼💪🏼<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nGreat! Let’s start then! 🚀<\/p>\n\n\n\n

Please tell us more about yourself, your background and also, please, introduce NFraction to our Satoshi Clubbers 🎉<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nNo problem, with pleasure. This will be a longer post, so bare with me please. 😄<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nHaha, no worries, please take your time! 😉<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nOnce again, Satoshi CLUB I would like to thank you for having NFracTion in this\nAMA event. My name is Elio and I\u2019m the CEO of the NFracTion project. My primary\nbackground comes from sports training, I\u2019m a bachelor of strength and\nconditioning and also a Brazilian Jiu Jitsu black belt.<\/p>\n\n\n\n

I\u2019ve been involved in\nsport training\/coaching for about twenty years, I have been involved in\nnumerous successful projects, but in the past four years I\u2019m extremely\nenthusiastic about the crypto market and about the rise and usefulness of\nblockchain technologies.<\/p>\n\n\n\n

From 2017 forward I\nstarted to involve myself in crypto asset research, market analysis and\noverlook blockchain utilities.
\nIn early 2021 I was invited to the NFracTion team and from that point forward\nI\u2019m supporting the team in order to successfully launch the project into the\nCrypto universe.<\/p>\n\n\n\n

Our core team has basically been together for 8 years now and we own a Digital creative & Development agency for 3rd party start-up projects in the traditional market. <\/p>\n\n\n\n

After many setbacks with\nongoing projects delays during the Covid-19 situation last year, we decided to\nre-evaluate “our future”. <\/p>\n\n\n\n

Luckily many of our\nfriends and employees were already heavily involved in Crypto world and we\nquickly decided to (finally) launch our own start-up project on blockchain\ntechnology. <\/p>\n\n\n\n

Soon we onboarded or\nhired some advisors and additional developers and lighting-fast we were 100%\ndevoted to the NFracTion project.<\/p>\n\n\n\n

The narrative of the projects is pretty much the same, so we didn\u2019t have many issues adapting to Crypto project development after onboarding some advisors with much experience in the product launch process.<\/p>\n\n\n\n

Team is basically assembled of Business and marketing strategists, branding engineers, and full-stack developers and we grew from 5 core team members to almost 15 working on a project at the moment.
Most noticeable team members and advisors at this point are:<\/p>\n\n\n\n

Alen Dolsak \u2013 Co-founder\nand Business strategist
\nAles Kovacic \u2013 VTO & Lead developer
\nAljaz Tisler (KSM Starter) \u2013 Main advisor
\nErik Clark Su (Exnetwork Capital) \u2013 Incubation advisor
\nIftikhar Qasim (SL2 Capital) \u2013 Marketing advisor
\nPawel Laskarzewski (Synapse Network) \u2013 Strategic (development) advisor
\nKevin Abdulrahman – Strategic (Business) advisor<\/p>\n\n\n\n

There are many well-known\nnames involved into the project and all the \u00bbcrypto unknowns\u00ab are soaking in\ntheir knowledge and experience fast. We are confident that most of the names\nfrom the core team will get their reputation in the crypto community too, soon\nafter the great success of NfracTion.<\/p>\n\n\n\n

NFracTion is a unique NFT Fractionalizer, that fractionalizes digital arts into puzzle pieces, which provide additional value for collectors and guarantee multiple revenue streams. The main goal of NFracTion is to create a friendly UI\/UX for the marketplace, that is easy to use and manage for any user.<\/p>\n\n\n\n

NFracTion delivers a\nsuperb cross -chain marketplace for the crypto community, with main network BSC\nat the launch, after that we are adopting Cardano and Solana as well. <\/p>\n\n\n\n

Modernly designed with\nextra care for best user experience, which makes collecting puzzle pieces fun\nand provides higher revenues than standard single-piece art trading\/collecting.<\/p>\n\n\n\n

Marketplace will\nbasically allow to mint and trade all kinds of NFTs with special focus on user\nexperience as we strive to engage “non-crypto” users into the NFT\nworld too.<\/p>\n\n\n\n

Fractionalized NFTs and\nour unique gamified features are basically our main product and in this sector\npotential is endless.<\/p>\n\n\n\n

NFT Puzzle Packs\n(randomly generatic puzzle pieces of NFT arts, that can be used to complete\ncollections or win “whole NFT art” and can be tradeable on\nmarketplace).<\/p>\n\n\n\n

Personalized NFTs (for\nnow we are focused on Sports fans and personalized jerseys of users favourite\nteams, but there are many upgrades to come on this feature) NFT Raffles (high\nquality NFTs will be offered as a lottery pick, where anyone can buy a slot and\nwhen its filled we randomly draw a winner\/owner).<\/p>\n\n\n\n

Of course we are\npreparing additional services, such as Staking\/farming program, Reward program,\nMobile app etc., but you can check that on our channels so I`m not too long\nwith my answer. 😅<\/p>\n\n\n\n

Tried to keep it short and simple. 🤣<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
Hahaha, that’s very detailed! Thank you! 😁<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Haha, very complete answer.<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nWe are trying to give our best at any aspect. 💪🏼<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nWe’re aware that a project can’t be summed up in a few sentences, and that’s\nwhy we will be trying to flesh all the details with our community questions 😉<\/p>\n\n\n\n

Cudos to the team for being completely public, by the way, 😉<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Congratulations for it, you’re implementing a bih ecosystem👏<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nThank you. 🙏🏼<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Well, after this amazing introduction we are ready to proceed with the community questions. Are you?<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nBorn ready.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\n💪<\/p>\n\n\n\n

Q1 from Telegram User @Cheriemike<\/em><\/p>\n\n\n\n

While going through your website, I noticed one of your features there which is \u201cNFT Raffles\u201d, but I couldn\u2019t find any detailed information about it, so can you tell more about it and how it functions? Some platforms do have NFTs raffle tickets for purchase do you have any, if yes what is the tag price for the tickets and what benefits will be given to those who are winners in the raffle draw? What other unique features will be added to your NFT Raffles? Thanks<\/strong><\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nGreat question. Here it goes.<\/p>\n\n\n\n

Within the NFT raffles feature we will present partnership-based arts and it depends on the settled deals. For this reason, we can\u2019t have a fixed schedule\/plan, but we are doing our best to deliver just the right amount for our community.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
At the moment, who are your most important partnerships?<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
Currently, I must point out MMAON as our very important partner. It is a platform for the MMA community which will see the light on the 1st of November.<\/p>\n\n\n\n

The rest of them, because of the business nature, we have to keep them private.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
November 1rst is just around the corner! Great! 😉<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
We understand, don’t forget to bring us more details and exciting announcements in the future<\/p>\n\n\n\n

Let’s proceed with the next question😃<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nWe are pretty excited also. Especially myself, coming off from a martial arts\nbackground. No worries, we will keep you guys updated if you are willing to\ncheck and follow our project. The team is giving out fresh information on a\ndaily basis on all our official channels.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
Thank you for the clear answer, are you ready to proceed with the next question? 🚀<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nYes, Sir.<\/p>\n\n\n\n

Q2 from Telegram User @MdLuffyo<\/em><\/p>\n\n\n\n

What does NFracTion do to bring top artists and real collectors into its ecosystem? Unlike other NFT projects, do you intend to add value to the products instead of just increasing sales, if you have such an idea, how will you do it? Can NFracTion remain flexible in the market and revolutionize the NFT market?<\/strong><\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nWe always wanted to deliver something unique & special, so we started to\nthink outside of the box and we came up with ideas and concepts that will\nencourage participation from the non – crypto world.<\/p>\n\n\n\n

For example, we are\ncreating a healthy and strong ecosystem with and for high-end artists which\nwill attract “true collectors\u201d, who give great value on a polished\nproduct. We want to add value to the products itself, not only boost sales as\nmany major players in the marketplace sector do. There is too much meaningless\ndead weight on the market these days.<\/p>\n\n\n\n

Having multiple years of\nexperience from the traditional market, we believe that we have more than enough\ncompetencies, to build a bridge between the both worlds and offer the best of\nboth.<\/p>\n\n\n\n

Our team is always\nflexible in the best way possible and that is something that will never change.\nIn that aspect we always want to involve our community and market feedback for\nfuture upgrades.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Perfect, happy to know the differentiator factors of the project👏<\/p>\n\n\n\n

Is your platform friendly with non-crypto artists? Or do you have guides for newbies?<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nOur platform is friendly to everyone and the team is ready to guide anyone who\ncomes aboard also.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
That makes NFraction a great option👏<\/p>\n\n\n\n

Thanks for your answer, let’s proceed with the 3rd one😃<\/p>\n\n\n\n

Q3 from Telegram User @MudaraSilva
<\/em> I noticed that you offer high APYs for $NFTA staking, 40% for bronze podium, 60% for silver podium, and 80% for gold podium. By introducing this type of tier, you are encouraging whales to join NFraction. What is your solution if whales stake in the gold podium and unstake their holding after one year with an 80% APY? How do you face the selling pressure? Don\u2019t you think in will negatively affect small investors? The APY you offer for the bronze podium can also be considered relatively high. To distribute higher staking rewards, how does NFraction generate profits? Do you invest staked funds in some other platforms?<\/strong><\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nStaking podiums were long thought about and APYs were really carefully\ncalculated by the whole team to prevent any negative influence on token supply.\n<\/p>\n\n\n\n

If you check our Pools,\nyou will see each is limited with a maximum of tokens that can be staked. <\/p>\n\n\n\n

Also, there is a really\nlow minimum to stake, so we think basically everyone has the option to stake\ntheir NFTA tokens. <\/p>\n\n\n\n

Being limited to the\nupside should take care of any potential \u201cwhales\u201d staking larger amounts. <\/p>\n\n\n\n

Of course, after a year’s\ntime, it is possible there will be some pressure on the price due to the\nunlocks, but we believe trading volume will be large enough that it won’t have\ntoo much of an impact. <\/p>\n\n\n\n

Tokens for staking\nrewards come from community incentive round which were planned from the start\nto be used for something like that, so it won’t influence the ending supply. <\/p>\n\n\n\n

Tokens in the pools are\nlocked safely and are not moved anywhere.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Talking about the token, what are the main usecases of NFTA?<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nOur token is used to support our main feature – acquiring Puzzle packs with\nthem. We need to support direct FIAT payments, but in the back of the process\neach pack will be acquired with a $NFTA token. There will also be lower fees\nand other benefits for using our token on marketplace trading.<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
And please share us its tokenomics features, market cap and max supply, please😃<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong> <\/p>\n\n\n\n

NFracTion-tokenomics-occam-final<\/a>Download<\/a><\/div>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
Thank you very much for sharing 🔥🔥🔥<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nI\u2019ve added a PDF file with all required information. I think this is the best\nway to see.<\/p>\n\n\n\n

Paul Mont | Satoshi Club:<\/strong>
\nIt is! Crystal clear! 🚀<\/p>\n\n\n\n

Well, thank you for the exciting answers, are you ready to proceed with the next question or do you want to add something else?<\/p>\n\n\n\n

Andr\u00e9s M. | Satoshi Club:<\/strong>
Checking the details, thank you💪<\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nReady to proceed.<\/p>\n\n\n\n

Q4 from Telegram User @Asela1112<\/em><\/p>\n\n\n\n

You hope to offer NFracTion Jerseys which are under the personalized NFTs minting & In here, users will be able to buy their favorite sports team\u2019s jerseys through this feature. Can you give us a sneak peek at this upcoming feature? I know that due to potential NDA agreements you might not disclose the names, but please tell us what you can – can we expect worldwide sports teams such as in the fields of Football, Cricket in the next future, etc..? Will you incur minting fees from them or will you pay for them on behalf of using their logo & name?<\/strong><\/p>\n\n\n\n

Elio Arti\u010d:<\/strong>
\nWe already announced a major partnership with MMA ON. The people behind are\nrunning 15+ worldwide MMA organisations, such as Brave FC, WFC etc., as stated.<\/p>\n\n\n\n

We are in talks with some\nreally big names for potential partnership, but due to the confidential nature\nof those talks it is too soon to talk about it. Once any new partnership is\nsettled, we will announce it. The partnership is giving our project a great\nvalue in terms of recognising a quality product, which is much needed on the\nmarket.<\/p>\n\n\n\n

We don\u2019t favorize\nspecific sports, our concept transcends to all of them, and that is why\nNFracTion is so unique and flexible. <\/p>\n\n\n\n

Partnership with MMA and\nMMAON came first, because of my primary background. After all I\u2019ve been in this\ngame for some time now and I have many connections and references which come\nhandy in this project.<\/p>\n\n\n\n

Regarding the \u201cpayment\u201d\nto a partner, each individual partnership is unique and so are the terms, so\nthere is no general answer to that question, also, most of those information is\nconfidential.<\/p>\n\n\n\n

But because this AMA has been so great, to get a better idea, this is the sneak a peek in our concept: <\/p>\n\n\n\n

\n

\ud83c\udfc0\ud83c\uddf8\ud83c\uddee Let`s make it a bit ballsy! We say 29\/10\/12 for @luka7doncic<\/a> tonight.

5 hours of Slovenian lesson & 1st ever personalized #NFT<\/a> is on the table.
All we need is a 5 min call with you \ud83d\ude0a

Whoever get closer, wins it! Are you on, @mcuban<\/a> \u2753#MFFL<\/a> #Tokyo2020<\/a> #miSlovenci<\/a> #Luka<\/a> pic.twitter.com\/gGeUF9MfT7<\/a><\/p>— NFracTion (@nfraction_com) August 3, 2021<\/a><\/blockquote>