We were delighted to welcome our guest from Showcase. The AMA took place on April 16th, 2021 and our guests were @meir_bank and @rkora.<\/p>\n\n\n\n
The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n
\u041c\u0430ry\nSatoshi CLUB: <\/strong>Hello Satoshi Club! We are happy to\nannounce our AMA session with Showcase! Welcome to Satoshi Club😀<\/strong><\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Today our guests are\n@meir_bank and @rkora !<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>@rkora hello😀<\/p>\n\n\n\n Reed:\n<\/strong>Hey Satoshi Club! Excited to be here!<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Hello, Reed👏<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>We are also very excited\nabout the upcoming AMA.😊<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>How are you 😉<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi\nClub!<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Reed! Let’s start 🚀 Could you please introduce yourself and tell us more about Showcase😀 We want to know as much as possible about your project<\/p>\n\n\n\n Reed:\n<\/strong>Absolutely. So I have a pretty extensive background\nin graphic design, 3D, animation, motion graphics and video production for\npublicly traded companies in New York\/LA. I got into Crypto fairly early but\nwent full time in 2016 going to Bitcoin Meetups. Then it transitioned to full\ntime research in blockchain. My co founder entered the blockchain space in 2013\nthrough Bitcointalk and was a mobile app developer. We met in 2018 during the\ncrypto winter and put our minds together to innovate the NFT space and that is\nwhere Showcase was born.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Amazing background<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>What is the essence of your\nproject?<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>@meir_bank welcome here 😀<\/p>\n\n\n\n Meir\nBank: <\/strong>Hey guys, happy to be here!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Welcome to Satoshi Club😊<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>So, you started Showcase in 2018?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Introduce youreself please.\nHow did you get to be involved in crypto & Showcase?<\/p>\n\n\n\n Reed:\n<\/strong>The essence of the project is a marketplace and\nsocial app for up and coming influencers to offer unique NFTs to their most\ndedicated fans – imagine something like Patreon but way better. The influencers\nare invited to the platform, and we give them guidelines for using our in app\ncreator tool which has editing features enabling extensive creativity for their\nNFT “Badges” as we call them. Furthermore fans can contribute to\ntheir favorite causes through their influencers.<\/p>\n\n\n\n Meir\nBank: <\/strong>I got involved very early in crypto in 2013\non bitcointalk. Reed introduced me to NFTs and we saw the long term vision\nyears ago<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Oh, Bitcointalk 😀 are you still there? I\nthink it’s a bit dead<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Wow! You have great crypto\nexperience, guys🚀🚀🚀<\/p>\n\n\n\n Meir\nBank: <\/strong>Not active anymore lol and one of my accounts\ngot hacked when the whole forum got hacked a long time ago. But yeah I still\nhave one my original accounts<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>I like this! Crypto Patreon will be\ncool😀 It will be acc for memories 😂<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Your intro was great! but we\nhave questions from the community! ready to proceed? 😉<\/p>\n\n\n\n Meir\nBank: <\/strong>ready 👍<\/p>\n\n\n\n Reed:\n<\/strong>Absolutely!<\/p>\n\n\n\n Q1 from Telegram User @JuanSB07<\/em><\/strong><\/p>\n\n\n\n Showcase claims to be the \u201cfuture of\nsocial impact\u201d, but to explain to me how and through what strategies will they\nachieve to help social impact programs, grassroots activists, NGOs and\nphilanthropic organizations? What will the fundraising processes be? And why\nhave they decided to take this initiative?<\/em><\/p>\n\n\n\n Reed:\n<\/strong>Yeah so that was the original foundation and idea\nbehind the project when we first thought about it. As a matter of fact we were\nthe first ones to even conceptualize this using NFTs. But a donation platform\nalone was not enough so that is where the mobile marketplace idea came to play\nand adding the influencer element to it furthers the interest of supporting\nreal world causes. This is particuarly a focus with GenZ and the upcoming GenA.\nThey want to make real changes in the world.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>This means that you are the\npioneers in this area! 👍<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Are there any special sides or\nindustries which you are focused on? In simple words whom do you want to help\nfirst?<\/p>\n\n\n\n Reed:\n<\/strong>This is totally up to the influencers @madamlobster\n– they have the power to market the causes they care about with their fan base.\nSo we are partnered with The Giving Block – it is one of the largest crypto\ndonation platforms existing, and they have over 100 NGOs connected. But users\ncan vote for or choose any cause they want and they can do all of this in app.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Thank you for clarification! Ready to\nproceed to the next question?😀<\/p>\n\n\n\n Reed:\n<\/strong>Go for it!<\/p>\n\n\n\n Q2 from Telegram User @AmirJosh<\/em><\/strong><\/p>\n\n\n\n Down the line, stakers of the $SHO token\nwill be able to lock their token into a smart contract, generating Showcase DAO\ntokens. Is it the only way to obtain DAO tokens, by locking $SHO? And what will\nhappen to the lock $SHO token afterwards? How to unlock it?<\/em><\/p>\n\n\n\n Meir\nBank: <\/strong>Users can stake their SHO on influencers, and\nin return receive exclusive NFT drops. It is like a premium membership, we call\nit OG status. There is also gamification and social rewards.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Could you share some nft\nplease 😃<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Which kind of gamification you will\nhave? Can you tell us more about this?<\/p>\n\n\n\n Meir\nBank: <\/strong>We don’t make the NFTs, influencers on our\nplatform can create them. We have hundreds signed up, you can see on our\nwebsite the types of creators we are targeting<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks a lot for the\nclarification👍<\/p>\n\n\n\n Meir\nBank: <\/strong>We are expanding the social media\nfunctionality of the app, so it depends what type of social communication we\ncan able. For starters, you will be displayed as an OG user in the interface.\nPerhaps there will be some opportunities to communicate with creators, or to\njoin exclusive chat groups, etc<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Gotcha 👍 thank you for your answers! @GoldRocket27 do you\nhave any questions?😀<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>By the way, share your\ntokenomics please )<\/p>\n\n\n\n Reed:\n<\/strong>We will be releasing our Tokenomics with the\nDAOmaker announcement – please stay tuned to their updates!<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>We will be waiting for your\nannouncment 😉 Do you have approximate dates\nfor this?<\/p>\n\n\n\n Reed:\n<\/strong>Yes this week!<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Awesome 🎉🎉🎉<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>So! Ready for the next\nquestion?😊<\/p>\n\n\n\n Reed:\n<\/strong>Go for it<\/p>\n\n\n\n Q3 from Telegram user @meml97<\/em><\/strong><\/p>\n\n\n\n Showcase wants to have a Social Impact\nby helping programs, grass roots activists, NGOs and philanthropic\norganizations. So, can you tell us how will Showcase make that happen? Also,\nwith what programs and philanthropic organizations will you work with? Can\nusers decide to which one of this causes are their inputs going to?<\/em><\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Some parts of this question already\ncovered 😀<\/p>\n\n\n\n Reed:\n<\/strong>Yes, so I think I covered this from a prior question\nbut we will be integrating “The Giving Block” into our platform which\nhas over 100 NGO partnerships this will be lead by influencers and their fans<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>It’s huge!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Would you like to add\nsomething to the answers? Or can we proceed to the next question😉<\/p>\n\n\n\n Meir\nBank: <\/strong>I will add that influencers can choose which\norganizations to contribute to.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Oh, that’s great! 🎉<\/p>\n\n\n\n Q4 from Telegram user @Jonahapagu<\/em><\/strong><\/p>\n\n\n\n In one of your articles you said that in\nthe near future Showcase will be conducting a one-off NFT generation event,\nwhereby a Creator from Showcase will be conducting a live streamed performance\nartwork event which will then be turned into an NFT and sold with the proceeds\ngoing to a charity from The Giving Block\u2026 can you explain how and when you\nintend to conduct this event, how do you determine which creator does the\nperformance, and what progress have you made in regards to the conduct of the\nevent<\/em><\/p>\n\n\n\n Meir\nBank: <\/strong>Yeah we plan on doing an NFT generation\nevent. The exact details might change, we are talking to a few influencers\nabout the possibility of doing this and seeing which one is best aligned.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Someone already agreed? Sure, a lot\nof people want to me immortalised in NFT😉<\/p>\n\n\n\n Reed:\n<\/strong>Yes – we have many influencers already aligned with\nus actually. Some of our early strategic partners also have introduced us to\nsome for this particular reason.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Can you tell us who are your main\nstrategic partners?<\/p>\n\n\n\n Meir\nBank: <\/strong>For users in our app we are targeting\nmicro-influencers, creators with 10-100k followers, because they are the ones\nwho need help monetizing. You can see a selection on our website. For the NFT\ndrop we want it to be someone special.<\/p>\n\n\n\n Reed:\n<\/strong>We were one of the CoinList season 3 selected\nprojects so we have investors like the co founder of Blockfolio, Babek Nivi\nfrom AngelList, BlockTower, AU21, Moonrock, LD, GBV, and many more to be\nannounced.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Very good investors, i need to say😉<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thank you very much for the\ninformation and answer! ready for the next question?😊<\/p>\n\n\n\n Meir\nBank: <\/strong>Ready!<\/p>\n\n\n\n Q5 from Telegram user @Raisbelys<\/em><\/strong><\/p>\n\n\n\n Could you give me more details about the\nshowcase application? Will this application be available for both android and\nIOS without restriction in some countries? How does the collectible badges\nmechanism work? What can you do with them within your application?<\/em><\/p>\n\n\n\n Meir\nBank: <\/strong>Yes it will be both iOS and android. There\nwill always be some countries with restrictions, for instance even facebook\ncan’t get into China, but we are working to integrate international payments\nand make it as global as possible. The Badge mechanism is an NFT mechanism, we\njust call it badges for ease of us. You can purchase, display and trade them in\nthe app.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>When it will be released? Btw, do you\nhave desktop version?<\/p>\n\n\n\n Meir\nBank: <\/strong>Our target for public release is Q3, with\nprivate testing before then. We have recently expanded our dev team working on\nit<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for the answer. What\nmarkets, besides China, have you already covered?<\/p>\n\n\n\n Meir\nBank: <\/strong>No desktop version. The app is designed for\nnormies, with fiat payments, slick UI, social media, etc. We will\nannounce that closer to launch, definitely US and several other major markets<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>This will be hot summer🔥🔥🔥 <\/strong>Got it😉 Thank you for your answers! Ready for the 6th and last question from\nthis part?<\/p>\n\n\n\n Meir\nBank: <\/strong>Yes ser<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>🚀<\/p>\n\n\n\n Q6 from Telegram user @cryptofollower<\/em><\/strong><\/p>\n\n\n\n Right now influencers are trying to make\nmoney with donations\/subscriptions and sponsored posts. With Showcase, you are\ncreating a new way with connecting influencers and fans together with NFT\u2019s. Do\nyou think NFT\u2019s are the best way for this? Also there are NFT marketplaces like\nOpensea. Do you plan to compete with them?<\/em><\/p>\n\n\n\n Meir\nBank: <\/strong>Yes we think NFTs are the superior way.\nDonations offer no value to fans. Sponsored posts degrade the content feed of\ncreators and are not enough for micro influencers to make a living off of. We\nplan to integrate with Opensea, where they are the Amazon of NFTs we are more\nlike the instagram.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>It will be great to see Amazon and\nInsta cooperation 😉 So, you will be more like\ninsta and patreon mixture 😀<\/p>\n\n\n\n Meir\nBank: <\/strong>Yes. Like a virtual teespring also<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Which incentives will your early\nusers have? Do you plan any airdrops or bounties?<\/p>\n\n\n\n Reed:\n<\/strong>Yes we do and this will be announced by following\nour Medium Blog, TG and Twitter!<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Super🎉🚀 Satoshiclubbers,\njoin Showcase social media 👍<\/p>\n\n\n\n Q1\nfrom Telegram User @Ambbobb<\/em><\/strong><\/p>\n\n\n\n Presently,\nthe community is used to physical merchandise, how quickly do you want this to\nhappen with the help of NFT technology?<\/em><\/p>\n\n\n\n Reed:\n<\/strong>I personally believe in the next several years you\nwill see more and more people collecting digital goods. Take a look at some of\nthe projects like NBA Top Shot for example. Adoption happens sooner than people\nexpect.<\/p>\n\n\n\n Q2\nfrom Telegram User @Jonahapagu<\/em><\/strong><\/p>\n\n\n\n Showcase is one of Matic’s Build-n-Earn\ngrants and funding recipients, How did this grant help in the building of your\nproject what were the funds used for, what were the main deciding factors that\nmade you decide to build your project using the Matic chain..was the receipt of\nthis Grant the main reason or would you had considered other options if you had\nnot received the grant..<\/em><\/p>\n\n\n\n Meir\nBank: <\/strong>Good question. When we started there were\nseveral options for scalability, it was earlier before the gas crisis happening\nnow. Some of those options didn’t pan out. Luckily we chose Polygon (formerly\nMatic) because we trusted their team and hard work ethic. We’ve gotten a lot of\nhelp on the dev side as well. And the small grant did help during the bear\nmarket to cover some expenses. We’re really glad to have made the right choice\nas now Polygon has a large NFT ecosystem and smooth bridge to Ethereum.<\/p>\n\n\n\n Q3\nfrom Telegram User @centoscu<\/em><\/strong><\/p>\n\n\n\n Beside of connecting influencers and\nfans together with Badges (NFT’s) do you plan other activities like maybe\norganizations or concerts?<\/em><\/p>\n\n\n\n Reed:\n<\/strong>Yes and hopefully post-pandemic!<\/p>\n\n\n\n Q4\nfrom Telegram User @Beterror203<\/em><\/strong><\/p>\n\n\n\n You say qeu Showcase is a social\nplatform where content creators interact with their fans and at the same time\nhave indirect contact but in a form of marketing promovandoce with gifts to\ncollect limited edition NFT badges, my question how these unlimited badges are\ncreated if I am an influencer and have my special fanaticada, these badges can\nbe sold where only monetizes and earns the content creator and not the fans?<\/em><\/p>\n\n\n\n Reed:\n<\/strong>The fans of course benefit based on the value of\nthe exclusive NFT they hold, they also gain further benefits than just the NFT\nvalue itself such as interactions with the influencer and more stuff that we\nwill announce later on.<\/p>\n\n\n\n Q5\nfrom Telegram User @Sattyaboti<\/em><\/strong><\/p>\n\n\n\n What do\nyou think about the boom of the NFT + DeFi association that is causing so much\ninterest in the world? How does Your project take advantage of and exploit this\nreality?<\/em><\/p>\n\n\n\n Reed:\n<\/strong>We are using UMA and other DeFi platforms like\nBenchmark as technology partners integrating the latest DeFi utilities. You can\nfollow our Twitter for updates on that after TGE.<\/p>\n\n\n\n Q6\nfrom Telegram User @testercoin<\/em><\/strong><\/p>\n\n\n\n As I see on your visuals you are giving\ncontent creators a tool to create badges. Are there any tools on your system\nfor detecting copyrighted content? If a creator uses a copyrighted content for\nits custom badge, can that lead problem for Showcase? How can you overcome this\nproblem?<\/em><\/p>\n\n\n\n Meir\nBank: <\/strong>This is one of the reasons our platform is\ninvite only. If a creator abuses the platform by using stolen artwork we will\nbe able to ban them from the app. In crypto terms you can think of it as a\nwhitelist of addresses able to use the application.<\/p>\n\n\n\n Q7\nfrom Telegram User @Francis_Quinjel<\/em><\/strong><\/p>\n\n\n\n As you know Covid-19 has a large impact\nin the crypto Market, So How can your company maintain its project and also the\nteam that are working hard during this pandemic?<\/em><\/p>\n\n\n\n Reed:\n<\/strong>It has actually increased the amount of remote work\nhappening and more and more people are trying to earn revenue online – the NFT\nis the perfect solution.<\/p>\n\n\n\n Q8\nfrom Telegram User @sharper112<\/em><\/strong><\/p>\n\n\n\n Too many projects promise magic but\nnever release any working product or prove any revenue, Within a short\/long\ntime of release. Is your project also like this? If not can u tell us, What\nmakes your project different from other projects?<\/em><\/p>\n\n\n\n Reed:\n<\/strong>Showcase is a mobile application – with the name\nand branding that people understand. You need a way to display your NFTs and\nyou need a name that people understand – hence why we call it Showcase – like a\ndisplay case for your NFT collections but mobile.<\/p>\n\n\n\n Q9\nfrom Telegram User @alyaakin<\/em><\/strong><\/p>\n\n\n\n You said people can stake their SHO\ntokens on influencers and can get NFT drops. Can every influencer provide\nairdrops of their NFT’s?<\/em><\/p>\n\n\n\n Meir\nBank: <\/strong>Yes, influencers choose the price of NFTs and\ncan airdrop NFTs to users who stake on them. They are in fact incentivized to\ndo this as they receive SHO rewards when more people stake on them.\nAdditionally these drops can be very rare and fans who are not OGs may be\ninterested on the secondary market.<\/p>\n\n\n\n Q10\nfrom Telegram User @dudeiebitch<\/em><\/strong><\/p>\n\n\n\n Hey, about the incentives you plan to\ndo, you talked about selecting a random winner to receive 3000$ in sho and the\nrunner up to win $1500 in sho. Actually you only talked about selecting a\nrandom winner but you did not specify the task that should be done, i will like\nto know the requirements to get qualified.<\/em><\/p>\n\n\n\n Reed:\n<\/strong>This was early on and only those who properly\nfilled out the forms.<\/p>\n\n\n\nPart 2 \u2014 live questions from\nthe Telegram community<\/h2>\n\n\n\n