AMA RECAP OF K-ROOT HELD ON 30/08/2021
We held a live telegram ama session with K-ROOT in our official telegram channel on 30th Aug,2021 and here is a recap for the same in case you miss the live ama session
Hello @soul_eat_er i welcome you on behalf of whole community for an ama session with Dappcentre Official :)
Guest :- Glad to be here
Well it's our pleasure to have you amongst us so are you ready to start the ama session with usual custom of introductory questions???
Guest:- Haha! Sure.
Segment 1 – Host questions
Q1 Please introduce yourself and your team to our community and tell your crypto story ?
Guest :- I am KROOTnian, the team member responsible who takes care of the intricacies related to double-checking the updates and announcements that are made available to the community. I have a role of managing the community, having experience of 4-6 years in crypto! Seen the bear and bull both, learnt alot in both the Market. Our project K-ROOT is an incubation by KuCoin Launchpad (KCLP). As for what K-ROOT is, it's a #DeFi wallet that you can trust to keep your funds safe, away from the prying eyes of hackers and the government.
Q2 What is K-ROOT all about explain it along with usecases and Vision?
Guest :- K-Root wallet will be transparent for the community to see everything and will be a decentralized wallet for anyone from anywhere to use. It will be natively compatible with the KuCoin Community Chain (KCC) ecosystem. We will be also offering In-App Staking, Farming & Governance.There are a lot of things cooking.
Q3 Elaborate your tokenomics and Justify the distribution and mention about locking of liquidity if any?
Guest :-
The Tokenomics and roadmap are also available on our website
Visit 👉 https://k-root.co
All the IDO, TOKENOMICS, MOONSHEET details are available in the above pics.
Q4 You have an exchange listing in 4 days what all to expect from it and can you tell the services which users could enjoy soon after the listing
Guest :- Expectations you can tell according to the hype of K-ROOT, as you can see our seed, strategic & private has sold out quite fast & our wallet is in development & also there are features like staking,yield farming and governance that people will enjoy for sure. We're going to list on two exchanges, PancakeSwap and KuSwap.
Please take a look at our roadmap for our plans.
Q5 How KRoot manages to provide transparency to users to gain their trust?
Guest :- Our CA will get audited, each and everything will be transparent. Also, we are KROOT incubated by KCLP, which already has a name in the market.
In future, we'll be coming up with Governance as well :)
Segment 2 – Twitter questions
Q1 Although I think @krootwallet is a great product, I'm wondering how you're going to get people to use it when there are so many other wallets out there like Trust Wallet, Metamask, Safepal, and many others that are well-known in the cryptosphere.
Guest :- We are making a multi-utility wallet that has a lot of utilities available in one place. Of course, that doesn't mean that the In-App Farms & Staking Pools will be any worse as we will ensure that the returns that one can get by staking in the In-App Pools are similar if not better than some popular long-term pools and again, this added functionality opens a lot of space for new partners to be added to the KROOT Wallet Ecosystem.
Q2 You have plans of launching yield farming and staking So can you tell us how will you control the inflation after this and do you have a plan to collaborate with a famous platform for farming and all to Increase the hype about your product?
Guest :- We've already planned everything, we'll control the inflation by providing limited APYs. So the token value doesn't degrade due to rewards.We've many options available in our mind and we'll share with the community at the exact time. Stay tuned for that!!
Segment 3 – Community questions
Q1 Are you working on any partnerships or marketing initiatives to help build awareness for your platform?
Guest :- We already have a partnership with Kucoin launchpad.Crypto promoters global are our marketing partner and they're quite doing their job perfectly. They'll be doing the future marketing for us as well.
Q2 Do you agree that the power of the community will drive your project to global growth?
Guest :- Yes. I do believe it, the community is the key! We solely depend upon them.We are a community centric project, also planning to step into Governance. So, you can see we're very much concerned about the community choice and feedbacks.
Q3 Which one of these aspects is important for you?
1-Increasing Token Price & Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally In what order?
Guest :- Every point is important for us & we are not neglecting any point,every point do have their soecified role in the development and future growth of the project.
Best and kindest regards!
