AMA RECAP WITH ARTICHAIN FINANCE HELD ON 14/05/2021
We held a live telegram ama session with ARTICHAIN FINANCE in our official telegram channel on 14th May,2021 and here is a recap for the same in case you miss the live ama session
Hello @buckspredictor I welcome you on behalf of whole Dappcentre Official Community for an ama session :)
Guest :- Thank you to the Dappcentre team, I'm very excited for our AMA today.
Segment 1 – Host questions
That's great so are you ready to start the ama with usual custom of introductory questions ?
Guest :- Sure, that would be perfect!
Q1 Can you introduce yourself and your team to the Dappcentre Official Community
Guest :- I’m Buckspredictor Chief Operating Officer at Artichain, I’ve been almost 8 years in blockchain market and my expertise is in business and project management, I was working for some big projects on past one of them was backed by hollywood movie insiders, currently we have 5 people in our team, myself, the founder, the CEO, a designer and 1 full stack developer, and we have some people work part time.
Oh dont forget Artichain is backed by some businessmen from Mid East, so we have strong foundation!
Q2 What is ARTICHAIN all about explain it briefly and also tell about it’s usecases
Guest :- Artichain is the first AMM, yield farming , with smart escrow money transfer worldwide and Artficial intelligence smart contract generator on Binance SmartChain, Artichain has some usecases, but there are 2 main functions: 1. As a currency 2. As utility
AritChain AIT signed an agreement with a private beauty and hair transplant clinic soon AIT token will be accepted and they will provide full service including:
⁃ Private transport from airport to the clinic
⁃ Surgical or beauty procedure
⁃ Payment will be in AIT tokens
ArtiChain is collaborating with Slovenia based diamond retail company BitLuxury LTD. holders can purchase diamond using AIT tokens, we will have marketplace and the AIT token will be the currency in the marketplace.
We will have money transfer and crypto card features for more details please read our whitepaper.
Other than that of course AIT token will be the utility token in our DAPP platform Liquidity providers will earn AIT tokens.
Q3 Can you share the tokenomics of the project and also share About funds locking of team and all
Guest :-Only 40,000 AIT tokens will be issued in total and 25,000 AIT tokens will be offered during the private and public sales. Private sale is capped at 10,000 AIT with bonus offer while public sale is capped at 15,000 AIT without bonus offer.
For funds collected from private sale, it will be locked until our buyback agreement period end, public sale funds will be allocated immediately because we want to start the business ASAP as there are a lot of things we have to do.
Oh yes we are on Binance Smart Chain
Q4 When is your pre sale and mention the eligibility criteria for the same along with how would the funds be distributed of those who participate in pre sale and also your buying back assurance??
Guest :- Pre sale start at 21st of may But honestly If the audit not yet done before the date of pre sale. We will take more 10 days
Ait pre sale will be available on https://artichain.io
Participants can get their tokens after 4 weeks since presale ended but there will be a term.
For buyback protection its only valid for presale participants, Buy Back protection is a limited time offer valid for first 30 days starting from 1st day of trading. The deadline for applying for Buy Back Protection is at 30th day of trading once it first starts. After this date, buy back protection offer is no more valid. All those pre-sale investors who will not freeze their tokens before trading starts on exchange, will not qualify to claim buy back protection. If tokens are frozen before trading then the timer will start from the Day 1 of trading and till Day 30. During these days any private investors can claim buy back protection. Once the timer ends on Day 30, no more claim will be accepted.Pre-Sale Investors Exclusive Offer
Money back guarantee
That's amazing what is the price at pre sale and minimum buying amount ??
Guest :- Private Sale price: Phase1: $50, Phase2: $60, Phase3: $70 per AIT
Better you guys read our whitepaper, we have solid foundation and good offer that hard to reject :)
Q5 Can you share us the roadmap and explain the important things mentioned in the roadmap in brief
Guest :- Roadmap is clear on our website but here is the highlights:
-We will have partnership with Legal diamond market.
-we have escrow money transfer dapp integrated with our own Mastercard.
- and AI chatbot that allow users to gerenete smart contract with only voice comunication , it canhelp you to make orders on binance exchange , buy and sell , it will be like your assistant bot
And many more!
Segment 2 – Twitter questions
So we are done with this segment are you ready for the next segment where questions were put in by our community members over our twitter handle over hours of research ??
Guest :- Lets do it!
Q1 Since you would be facilitating money transfer and crypto cards in the upcoming updates so it could support illegal activities also so how you plan to keep a track of the same and assure the accountability?
Guest :- Our platform will fulfill all legal aspects and for that our platform will have simple KYC feature as it is one of legal requirements, we will prevent any illegal activity such as money laundering, our platform and team will keep the business in our platform clean.
Don’t bring dirty money to our platform or you will hear "FBI OPEN THE DOOR!!"
Q2 Why should other developers choose your blockchain for development ?What are the additional features offered by you and how you plan to incentivize the developers??
Guest :-We don’t have our own blockchain, we are on Binance Smart Chain, we facilitate entrepreneurs to generate smart contract for their project, it will be cost saving, we may open development for public in the near future and we will add something to facilitate that, so developers can earn incentive.
Actually we have our own blockchain but still on R&D stage, still a secret at this time.
Q3 Generally yield farming projects face the adverse effects of offering higher Apr so you plan to tackle it also could you address actually why AMM yield farming was required and what change would it bring ?
Guest :- We will have logic APR, our expert understands about finance and we want a real growth for our project not a temporary bubble that smells like ponzi scheme, our yield farming model is stable and we expect it will decrease the RISK for AIT holders and liquidity providers, from people for the people.
Learn about finance and stay away from any ponzi 😄
That's great and better you don't wanna attract people initially with higher Apr then inflation and project dies :) I really appreciate it :)
Guest :- Exactly, high APR high risk your blood pressure will be high.
Q4 Since your project is driven by artificial intelligence means backed a lot by technology so how to plan to address any technical failures and also additionally how you plan to keep the operating cost lower?
Guest :- Our full stack developer will improve the AI everytime and our team will improve everything to be better, our developer is very experienced with AI and blockchain he did an AI project on past for one of big company in UAE, in the near future we may let community to decide the project movement decentralizedly, for cost saving we trust our expert to handle and manage it.
Could you tell a bit about security also additionally here???
Guest :- Sure, before the presale we really want to get audit done, our developer is collaborating with a security company to audit our smart contract, we want the best for our community :)
presale will be after audit take a note and its absolutely no risk, because we offer buyback protection.
Q5 What makes you feel confident about the survival & sustainable success of your project in the near future?While you build your project, do you take into account community feedbacks and demands?
Guest :- We believe the business that we are doing is never die we really expect the support from everybody for Artichain, and through community growth the project value will increase, ofcourse we will take community feedbacks, community is our weapon for the market we expect a huge growth.
WHAT MARKET NEEDS WE GIVE - Buckspredictor 2021
Segment 3 – Community Segment
So now are you ready for the next segment where you could address our community and answer their questions?? Perhaps the most hyped and liked segment of the ama
Guest :- Lets do it folks!
Q1 What about the future expectation of the ARTICHAIN, and how do you estimate the value of the project?
Guest :- In the future we expect Artichain can follow the trend of crypto, maybe in the near future we will decentralize real assets like real estate, and for project valuation, we expect 300.000.000 USD marketcap after 6 months.
Q2 Many blockchain projects are just on paper and have no real meaning. What practical product is ARTICHAIN FINANCEusing? What plans do you have for a better product in the future?
Guest :- Yes we agree on that, Artichain will have real use cases, such as: purchasing goods with AIT token, for now we already signed partnership with a beauty clinic and diamond dealer, soon we will reveal more! for future it depends on the result of our market research, but for sure we want to FOLLOW THE TREND or CREATING A NEW TREND
Q3 What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
Guest :- Holding AIT in long term period we expect you will be safe from currency inflation, and we have deflationary mechanism, we will burn AIT token which is only 40.000 AIT, the supply is already small, imagine if in the next 6 months 20% supply burned(Hopefully more)
Q4 Lots of investors hit and run during the sale and sell session after listing on the first exchange, WHAT DO YOU say about this? How does ARTICHAIN FINANCEstop early investors from selling tokens?
Guest :- As our CEO and the founder said, after the public sale, there are some private investors who are willing to buy AIT tokens on market, so if the price drop that means a good time for our private investors to be in, on past they invested few millions in our past project.
Q5 Security is always the top task of projects. But lately, a lot of cryptocurrencies and blockchain have been appropriated by hackers. What security measures does your project have in place to avoid the possibility of being appropriated by hackers?
Guest :- We are taking this concern as high priority, we WONT OPEN PRESALE BEFORE AUDIT, so we will have our security audit done and presale will be started, we build Artichain Finance as Less Risk project, we offer money back guarantee for presale participants. We want to improve and improve everything and we really want to be a futuristic but realistic project.
So we finally came to the end of this ama segment anything you would like to conclude with ?
Guest :- We are offering presale for new comers, it suits for who afraid of investing, because Artichain will guarantee the buybadck protection, so no need to afraid to invest, start small and it will be a good habbit by investing for the future. Less risk! Artichain TO THE MOON!!!!!!!!!!
That's amazing words to conclude with thnkz a lot for your time and it was lovely meeting you and wish you all the success with ARTICHAIN :)
Guest :- thank you for everybody, dont forget for do your own research! Stay smart stay RICH! Cheers