We were delighted to welcome our guests from LaunchX. The AMA took place on May 23rd, 2021 and our guests were @MeSoApey and @kingslayar.<\/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
D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>hello Satoshi Club! it’s time for AMA!🥳 today we\nhaving AMA with LaunchX! and our guests\n– @MeSoApey and @kingslayar ! we are ready! 😄 hello!\nwelcome! how are you doing? are you ready for AMA?! 😊<\/p>\n\n\n\n David: <\/strong>Hello Everyone,\nthanks for having us.<\/p>\n\n\n\n D. <\/strong>\u041f\u0430\u043f\u0430<\/strong> <\/strong>\u0420\u043e\u0443\u0447<\/strong>: <\/strong>EPIC! thank\nyou guys for joining us today! so let’s star our AMA!<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>as always introduction first 😉 so please introduce\nyourselves and your project 😇<\/p>\n\n\n\n MeSoApey:\n<\/strong>Sure. I am part of the operations and communications team for LaunchX.\nHave been in the space for close to 10 years now. Back ground in computer\nprogramming. Happy to be hear to share the good word about LaunchX!<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Hello!<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Welcome here 😀<\/p>\n\n\n\n David: <\/strong>Quick\nrecap for anyone that isn’t aware. LaunchX project is a Dao that consists of 3\ncompanies that operate a fund, incubation and tech build capabilities. We also\nhave an advisory board that consists of many other companies that have well\ndeveloped business infrastructure. It’s why during periods of market conditions\nlike were seeing today allows us to keep building<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>When did you start to develop LaunccX?<\/p>\n\n\n\n MeSoApey:\n<\/strong>LaunchX has had several iterations but the founding members concepted\nLaunchX back in February. With early ideation ambitions that bleed into Q4\n2020.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Gotcha! You had time to develop!😃<\/p>\n\n\n\n D. \u041f\u0430\u043f\u0430\n\u0420\u043e\u0443\u0447: <\/strong>could you share info about your team? who’s behind LaunchX?<\/p>\n\n\n\n MeSoApey:\n<\/strong>Sure its first important to note that LaunchX is a decentralized Dao. Its\nfounded by the core Ecosystem Dao which is made up of Marshland Capital, Magnus\nCapital, and Valaren Capital(Traditional firm\/Dev Arm). Marshland and Magnus\nare both industry veterans in the capital start up space when it comes to\ncrypto.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Super! Really\ngreat founders!<\/p>\n\n\n\n David: <\/strong>Just to\nadd to this question. It in essence means that the core team of LaunchX\nconsists of all the combined resources and personnel talent that all three of\nthese companies have. Its a very big team of people<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Guys! Thank you for your intro! Are you ready to\nstart with the questions from our community?😃<\/p>\n\n\n\n Q1 from Telegram user @belkysgonzalez<\/em><\/strong><\/p>\n\n\n\n It seems that you have a strong partnership with\nKuCoin after the successful BurningDrop launch. Can you tell us about your\nexperience with the KuCoin team and how has LaunchX benefitted from this\npartnership? And after the BurningDrop, what is the next step? Can we expect\nmore news about LaunchX and KuCoin working together again?<\/em><\/p>\n\n\n\n MeSoApey:\n<\/strong>Sure. Our connection with KuCoin actually stems from our strategic\nrelationship with DaoMaker. The funds that founded the Dao actually have longer\nroots with DaoMaker dating back to 2018\/2019 and into their strategic sale.\nHatus view on the industry as it pertains to VCs that provide minimal value\nalong with tokenomic belief of tight price levels between rounds help to\nstabilize our relationship to want to see each other succeed. <\/p>\n\n\n\n Between DaoMaker and KuCoin they both saw the vision and need to bring a\ncommunity focused launch pad, with lower fees, and non profit in terms of\nvaults. With the solid team backing the project like Marshland, Magnus, and\nValaren they were able to make the judgement that we were for real. Infact only\na hand full of launch pads have been blessed with tier 1 liquidity so we are\nhappy to be a part of the KuCoin family.<\/p>\n\n\n\n We are in conversations with them about next step as it pertains to\ntrading competitions and our relationship with DaoMaker is stronger than ever\nas we are being introduced to some amazing partnership\/integration\nopportunities.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>It seems you have a lot of partnerships in\ncryptospace, do you plan to launch on another exchanges? Or Kucoin is enough\nfor now?<\/p>\n\n\n\n MeSoApey:\n<\/strong>Right now KuCoin and Pancake is more than enough liquidity for the short\nterm. Our primary focus over the next quarter is building, providing value, and\nbuilding the community so that the flow of ideas are coming from everyone. We\ndo have aspirations for other exchanges but it is not the top priority at this\ntime.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>That’s clear! We will follow your next steps👏 Thank you\nfor your answers! Ready to proceed?<\/p>\n\n\n\n Q2 from Telegram user @victorogb<\/em><\/strong><\/p>\n\n\n\n As a decentralized launchpad for projects, LaunchX\nis said to be community-driven, governance-based, and transparent, with the\ncommunity at the helm of affairs as it concerns projects for consideration and\npossible launch on the platform. These privilege are available to community\nmembers as a result of the LaunchX DAO protocol. With the DAO protocol\n(described as a first of it\u2019s kind), do all community members have a certain\nlevel of governance privileges or is there a specially selected governance\nteam, and how will the DAO protocol effectively ensure that prospective\nprojects are given the fairest community backed consideration?<\/em><\/p>\n\n\n\n MeSoApey:\n<\/strong>Good question. The way the governance process works at least as it\npertains to projects listing on the platform. A project applies and is given a\nback ground check. If they pass initial back ground check we help them in\nposting the soft proposal. This is a warm temperature check 50\/50 up and down\nvote. This is also a good time to refine the proposal with feedback from the\ncommunity. From here an onchain governance vote is performed via token holders\nfor the official listing. The Ecosystem Daos only power is to execute the will\nof the people but also has veto power in the case something that would damage\nthe ecosystem has come arise or manipulation occurs. This is a check and\nbalance system that is required to protect the integrity of the ecosystem but\nideally would never be used as the governance threshold would be high enough to\nprevent manipulation. We think a good number is 30 to 40%. Something that will\nbe discussed on the forums which go live Monday i would imagine. <\/p>\n\n\n\n Governance members will also be invited into discussion as it pertains to\nour listing vaults regarding different strategies we want to deploy the listing\nfees into and how much of the listing fees should be reinvested into the\ndevelopment costs of the company. This can be determined on a per project basis\nor a flat fee to make things simple. <\/p>\n\n\n\n Other development roadmap goals external to the initial roadmap and\nprogress on the current roadmap are always up for discussion and any soft vote\nthat passes community approval is eligible for a hard vote.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Is your governance system already live?😃<\/p>\n\n\n\n MeSoApey:\n<\/strong>It should be ready for deployment Monday im told from our development\nteam.<\/p>\n\n\n\n MeSoApey:\n<\/strong>So next 24 to 48 hours basically.<\/p>\n\n\n\n From there we plan to have many discussions including, what is most asked\nabout, is delegation tiers for IDO staking.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Wow! What users need to start voting?<\/p>\n\n\n\n David: <\/strong>The long\nterm plan is for a fully community governed project. Like all successful\ncommunity driven projects you need to have a period of transition so support\nthe process of adoption. We created this structure to enable community\nengagement and involvement so that those most engaged are rewarded as they\nengage in the utility functions we will build<\/p>\n\n\n\n MeSoApey:\n<\/strong>To participate in warm up and down votes(Soft votes) its a simple forum\nvote but to participate in on chain votes you must have tokens and they will most\nlikely need to be delegated to prevent people from buying tokens for a specific\nvote and voting day of. Basically security check to make sure you delegated\nprior to a vote going live.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Which is minimum amount of tokens user need to have\nto participate in governance? I mean chain votes<\/p>\n\n\n\n David: <\/strong>We would\nencourage anyone keen to understand more to read our recent update medium\narticle that give more information on how those community members that hold\ntokens will be able to engage with our platform.<\/p>\n\n\n\n MeSoApey:\n<\/strong>That is something still in discussion and we will look for community\ninput once forums go live.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>Gotcha 👍 Ideally there is no\nmin. From our perspective but this is an inclusive process.<\/p>\n\n\n\n \u041c\u0430ry\nSatoshi CLUB: <\/strong>We understand 😃 Btw, you\ncan share this article with our community 😉<\/p>\n\n\n\n MeSoApey:\n<\/strong>Sure you can read our community update article that details part of our\nroadmap and things we are actively working on.<\/p>\n\n\n\n