We were delighted to welcome our guest from Showcase. The AMA took place on November 8th, 2021 and our guests were @josephrubin , Ashley , @textsumit , and @umar_bhatty.<\/p>\n\n\n\n
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.<\/p>\n\n\n\n
Mary\nSatoshi Club: <\/strong>Hello Satoshi\nClub! We are happy to announce our AMA session with Kart Racing! Welcome to\nSatoshi Club😀<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Hello again, dear Satoshi Club community!<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Hello!<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Thank you for having us<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Today our \nguests are @josephrubin , Ashley , @textsumit , and @umar_bhatty<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Hello, guys! Happy to see you here 👍<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>How’s going?<\/p>\n\n\n\n Joseph\nRubin: <\/strong>It’s going well. Excited to be here!<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Nice to e-meet you<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Let’s start our AMA 🚀<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Thanks for joining guys!<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>will your colleagues join us?<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Yes, joining in one moment<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Ashley is here now, needs admin I think<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>let’s warm up with you then😁🔥🔥🔥<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Sounds good<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Fire away your first questions<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Let’s start! Introduce yourself please. How did you\nget to be involved in crypto & Kart Racing<\/p>\n\n\n\n Mary Satoshi Club: <\/strong>It should be great if he has username otherwise i can’t add him as admin <\/p>\n\n\n\n Umar Bhatty:\n<\/strong>Hi guys Umar here<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>Lead game dev<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>nice to e-meet you Umar😁<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>Likewise 😊<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Sure, so I am the CEO and co-founder of Blue Monster\nGames, the makers of Kart Racing League. I have a background in mechanical\nengineering and worked previously as a biotechnology researcher. I live in\nFlorida, USA, and I was introduced to crypto in 2017 by a friend. From there, I\nstarted my own ICO project, which is where I met my business partner on Kart\nRacing League. KRL started as a gaming token called Kooopa, but was rebranded\nand morphed into this play-to-earn NFT game that you see today<\/p>\n\n\n\n Joseph\nRubin: <\/strong>@ashleypren<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>tell us about yourself please😁<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Added<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Welcome to Satoshi Club guys🤗<\/p>\n\n\n\n Ashley\nPreininger: <\/strong>Hi everyone! I\u2019ll let Umar introduce himself, then\nI\u2019ll go next 😊<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Give us a brief introduction to the project. What is\nthe essence of Kart Racing<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>I have a background in computer engineering. Have been\nplaying games since 2004. Developing them since 2011. The gaming world is\nquickly evolving and NFTs are the natural evolution. So here I am. I\u2019m from\nPakistan btw<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Cool background, Umar💪<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>I totally agree! the pace of development of the crypto\nindustry is amazing🚀🚀🚀<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>100%<\/p>\n\n\n\n Ashley\nPreininger: <\/strong>Hello everyone! I\u2019m the COO and co founder of this\nproject. The essence of KRL is an\nexciting play-to-earn racing game that follows the economic model of axie\ninfinity. It features Mario kart style gameplay and 3D nfts<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Also we would like to know more about your team. Who\nis on the project team core?<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>it is very exciting😊😍🤩<\/p>\n\n\n\n Ashley\nPreininger: <\/strong>As for myself, I am currently based in NYC acting as\nan operations consultant for large media companies including NBC and AMC. I\u2019m\nexcited to dive into crypto and nft full time in the coming months as this is\nsuch an exciting space to be apart of!<\/p>\n\n\n\n Mary Satoshi\nClub: <\/strong>Yes, it’s a good time to go nft full time😄<\/p>\n\n\n\n Ashley\nPreininger: <\/strong>For the the core project team, it\u2019s led by Haydn\nSnape, Joe Rubin, myself (Ashley Preininger), Sumit Chitroda, and Umar Bhatty.\nHaydn, joe, and myself are all founders. Joe acts as CEO and I am COO. Sumit is\nout CTO and Umar is our lead developer<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Great background and dream team🔥🔥🔥<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Thanks for great introduction, we will have several\nquestions selected for the Part 1. Ready to start?<\/p>\n\n\n\n Q1 from Telegram user @Highpee<\/em><\/strong><\/p>\n\n\n\n I was exploring your channels and I found out that you\nhave created a project before Kart Racing League known as Koopa ($KOO) . Can\nyou explain the relationship between Koopa and Kart Racing League ($KRL) and\nare these projects managed by thesame team? Also, the website to Koopa is no\nlonger accessible for me. Does it mean that you already discontinued with $KOO\nproject or will it run side by side with Kart Racing League? And lastly, on the\nfirst of this month, you announced that you are preparing the launch of Realms\nof Ethernity (RoE) a world of witchcraft inspired multi-player online\nsimulation game (MMOSG). Why are you releasing multiple and separate gaming\nprojects at the same time without allowing the ones already launch to first\nthrive sustainably? Don\u2019t you think focusing on too many things may hamper\nconcentration?<\/em><\/p>\n\n\n\n Joseph\nRubin: <\/strong>Sure, so we rebranded from Kooopa (KOO) to Kart Racing\nLeague (KRL). It is the same project (not separate), so it’s all one team. We\nshut down those websites, migrating tokens over to Polygon as well. People that\nheld KOO now hold the equivalent amount in $KRL. As per the new game, Realms of\nEthernity, we have decided to start launching this because most of the\ndevelopment for Kart Racing League is over. The game is ready for launch, so we\nhave shifted our developers over to start on our next game. This will not\naffect the trajectory of Kart Racing League, as we have a massive team and have\nproperly delegated all operations<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>So, am i correct, that you will have multiple games?<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Yes, our company Blue Monster Games is making more and\nmore play-to-earn NFT games. We want to be a leader in the NFT gaming space<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>you have a great chance of becoming a leader😁🚀<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Lol, we think so too!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>It will be a huge structure 👍<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Thanks for your answers<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Ready for the next question?<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Yes<\/p>\n\n\n\n Q2 from Telegram user @JesusFre1tes<\/em><\/strong><\/p>\n\n\n\n Kart Racing League (KRL) is a new type of game,\npartially owned and operated by its players, and this has caught my attention\nas many of the decentralized games and platforms give total control to the\ncommunity. Why has Kart Racing League decided to take a different path? What\nexactly is the power that your players have within the game? What aspects of\nthe project can they change or modify?<\/em><\/p>\n\n\n\n Joseph\nRubin: <\/strong>We haven’t decided to take a different path. Kart\nRacing League will transform into a DAO (decentralized autonomous\norganization), giving the $KRL holders control over the project. They have the\nability to earn rewards by playing the game, and will have voting rights of the\nDAO by holding $KRL. They can change lots of aspects of the project, and will\nessentially be the owners of the project<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>What they won’t be able to do?😄<\/p>\n\n\n\n Joseph\nRubin: <\/strong>lol exactly<\/p>\n\n\n\n Joseph\nRubin: <\/strong>The options are limitless<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Ahaha, that’s great! How governance will work? Which\nsystem did you choose? One token – one vote?😄<\/p>\n\n\n\n Joseph\nRubin: <\/strong>It will be one token, one vote. But the governance\nwill be orchestrated in a few months after we create a sustainable economy<\/p>\n\n\n\n Ashley\nPreininger: <\/strong>We’ll transition into a DAO by Q1 2022<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Very soon! The power of your community is close 💪<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Thank you for your answers! Ready to go to the next\nquestion!🔥<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Thanks for your answers<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Yes, let’s proceed<\/p>\n\n\n\n Q3 from Telegram User @MudaraSilva<\/em><\/strong><\/p>\n\n\n\n You staking program is starting in early 2022. Can you\ngive a sneak peek about this event? Generally, projects offer staking option\naccording to several tiers and users have to stake in a higher tier to receive\nbetter rewards. Does your platform also use the similar method? On the other\nhand, some projects offer staking rewards with a reward token, not with the\nsame token. What about Kart Racing? Since you initiate the program is the next\nyear, will their be any privileges\/ special tiers for early stakers?<\/em><\/p>\n\n\n\n Joseph\nRubin: <\/strong>It will have a similar method. We’ll provide more\ndetails on the staking programs after we launch the game. Staking is scheduled\nto be implemented in December, following the game launch this month on November\n19!<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Staking will be done with $KRL , not another token<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Sounds great 👍<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Agreed!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Btw, which blockchain will your game be based on?<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Polygon<\/p>\n\n\n\n Joseph\nRubin: <\/strong>The NFTs and tokens are on Polygon, which is a Layer-2\nsolution on Ethereum<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Yes, great choice! Any plans for cross chain\nsolutions?😄<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Yes, lot’s of discussions with other projects. There’s\na lot we can do with this game! Stay tuned for updates on that in the coming\nweeks<\/p>\n\n\n\n Joseph\nRubin: <\/strong>This is a look at one of our Racer NFT characters ^^<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Sure, we will follow your updates 👍<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>It’s so cute 😻<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>I love it❤️<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Thank you for your answers! Ready to jump to the next\nquestion?🚀<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Agreed, yes!<\/p>\n\n\n\n Q4 from Telegram User @Rotoxy<\/em><\/strong><\/p>\n\n\n\n You mentioned in your whitepaper that anyone can earn\ntokens by playing games and contributing to the ecosystem. And players can earn\nby competing in online races, evolving and selling characters, and so on. Does\nthis means that your game is free? How do you intend to keep your project\nrunning a free-to-play system and rewarding players as well?<\/em><\/p>\n\n\n\n Joseph\nRubin: <\/strong>It is free, as long as they own an NFT. The tokens\nthey earn in-game from winning races is called Essence of Creation (or $EOC).\nThis is similar to Axie Infinity’s $SLP. You can use your $EOC to evolve\nracers, which creates a new NFT that’s bigger and better, with a new look and\nimproved attributes. This is all based on a sustainable economic model similar\nto Axie Infinity’s game. Our EOC token is inflationary, but this is offset by\nthe character evolution. When you evolve a Racer, the EOC is burned (similar to\nAxie’s breeding system). Evolution is our NFT duplication system. You can spend\nmoney to create new NFTs which you can then sell for more money!<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>So, to start playing i will need to buy your NFT?😄<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Yes, correct<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Or alternatively, you could find a scholarship program\nto loan you one for free<\/p>\n\n\n\n Joseph\nRubin: <\/strong>However, then you will have to pay part of your\nearnings to the managers<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>How much will it cost?<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Our Racer NFTs are sold auction-style, with the\nminimum bid price around 200 USD<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Thanks for your answers ☺️<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Do you want to add something or we can proceed to the\nnext question?<\/p>\n\n\n\n Joseph\nRubin: <\/strong>We can proceed<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Good price👍 it’s almost acceptable) but with scholarship program\ni think everyone can join!<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Exactly<\/p>\n\n\n\n Q5 from Telegram User @Pavel_Jarosh<\/em><\/strong><\/p>\n\n\n\n Following the race overview and the possiblity for\nplayers to use 4 power-ups to to help finish the race faster, or to slow down\ntheir competitors, the first appearing question is how these power-up can be\nminted? Is there a possiblity to resell not used or over stocks of power ups on\nmarketplace? Does the efficacy of power-ups depent directly on the complexity\nof each arena? Thank you!<\/em><\/p>\n\n\n\n Joseph\nRubin: <\/strong>Umar, you want to answer this one?<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>Sure<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>Power ups are not actually an NFT. They are found all\nacross the race track and can be picked up by characters racing in the game and\nused in that instance\/race session and expire as soon as the race ends, there\nis no carry forward or storage to them. I get where your confusion about the\npower ups being 4 arises, I assume it\u2019s from seeing the four power up symbols –\nthose are just buttons and high light when you pick that respective power up\nand once used they go grey again until that particular power up is picked\nagain. The efficacy of the power ups is not arena dependant, however we have\n10s of thousands of unique racers each with their own personality and\nattributes, those attributes might amplify the efficacy of a power up. For\nexample if my racer has a nice acceleration and I pick boost up and use it, it\nwill in turn provide me a nicer boost than a kar with less acceleration. All\nNFT are uniquely balanced to cater for all sorts of styles of play<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>We have strived to make the whole experience simple\nenough for casually users and yet offer enough complexity to the enthusiasts<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>*striving 😂<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>How easy will be for no gamers to play your game? Do\nyou have any guidance for them?<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Haha, partially answered)<\/p>\n\n\n\n Ashley\nPreininger: <\/strong>I’m not a gamer myself, and I was able to pick it up\nquickly and immediately have fun playing. The controls are very intuitive which\nmakes it easy to navigate<\/p>\n\n\n\n Umar Bhatty:\n<\/strong>The game itself is tailored towards broad audiences as\nracing is a genre everyone is familiar with. However we also have an in game\ntutorial planned<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Fantastic 👍<\/p>\n\n\n\n Gold Rocket\n| Satoshi Club: <\/strong>Thanks for your great answers<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Thank you for your answers! Ready for the 6th and last\nquestion from this part?🎉<\/p>\n\n\n\n Joseph\nRubin: <\/strong>I believe so<\/p>\n\n\n\n Q6 from Telegram user @victorogb<\/em><\/strong><\/p>\n\n\n\n It is stated from your documents that the native $KRL\ntokens will function as a deflationary token, with 0.5% of these burnt for\nevery transaction. However, I noticed that Kart Racing League will incorporate\nsome elements of inflationary adjustments within its ecosystem to maintain a\nhealthy and affordable NFT population growth. Can you carefully reconcile this\nslight discrepancy in your economic model, how will $KRL effectively function\nas a deflationary token, whilst a periodic NFT population growth scheme is\nemployed in your gaming ecosystem? Also, why do you think this \u201cCharacter\nPopulation\u201d approach is important within your gaming ecosystem?<\/em><\/p>\n\n\n\n Joseph\nRubin: <\/strong>I think you’re confusing the $KRL token with our\nin-game token, $EOC. EOC is an inflationary currency, while KRL tokens are\ndeflationary. The NFTs are a separate entity in themselves, but connected to\nEOC because that currency is required for evolving your NFTs. This is all based\non the economic model of Axie Infinity, which appears to be a sustainable\neconomy. Here’s the comparison:<\/p>\n\n\n\n $KRL = $AXS<\/p>\n\n\n\n $EOC = $SLP<\/p>\n\n\n\n Racers = Axies<\/p>\n\n\n\n I’m not sure what you mean by “character\npopulation” approach. There will be almost 180,000 natural Racer NFTs\navailable. This is the first level of NFT evolution and has a fixed supply.\nHowever, the next evolutions of the NFTs are inflationary because you can\nevolve the original ones to create more and more. It’s exactly how Axies work,\nbut just with 3D generated NFTs and more fun and engaging Mario Kart-styled\ngameplay.<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Super! Can share your tokenomics with us, so no one\nwill be confused in the future 😄<\/p>\n\n\n\n Mary\nSatoshi Club: <\/strong>Thank you for sharing 👍<\/p>\n\n\n\n Joseph\nRubin: <\/strong>Sure, it’s all located in our whitepaper. <\/p>\n\n\n\n See here:<\/p>\n\n\n\n