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	<title>AMA Archives - Coin Engineer</title>
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	<title>AMA Archives - Coin Engineer</title>
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	<item>
		<title>Coin Mühendisi X Manta Network AMA Summary</title>
		<link>https://coinengineer.net/blog/coin-muhendisi-x-manta-network-ama-summary/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 15 Jan 2024 20:51:53 +0000</pubDate>
				<category><![CDATA[AMA]]></category>
		<category><![CDATA[Project review]]></category>
		<category><![CDATA[celestia]]></category>
		<category><![CDATA[Cosmos SDK]]></category>
		<category><![CDATA[DeFi]]></category>
		<category><![CDATA[Ethereum L2]]></category>
		<category><![CDATA[Manta Network]]></category>
		<category><![CDATA[Polygon CDK]]></category>
		<category><![CDATA[Solidity]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=9828</guid>

					<description><![CDATA[<p>On January 12, 2023, Coin Mühendisi hosted an AMA event with a representative from the Manta Network project. The representative answered our questions and provided information about the project on AMA event. You might like: AMA COIN ENGINEER AMA Content and Details The Manta Network representative introduced himself as follows: Gökçe: I am Gökçe, the</p>
<p>The post <a href="https://coinengineer.net/blog/coin-muhendisi-x-manta-network-ama-summary/">Coin Mühendisi X Manta Network AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-sourcepos="3:1-3:195">On January 12, 2023, Coin Mühendisi hosted an AMA event with a representative from the Manta Network project. The representative answered our questions and provided information about the project on AMA event.</p>
<blockquote>
<p data-sourcepos="3:1-3:190">You might like: <a href="https://coinengineer.net/blog/ama/" target="_blank" rel="noopener"><b><i>AMA COIN ENGINEER</i></b></a></p>
</blockquote>
<h2 data-sourcepos="5:1-5:27"><span style="font-size: 75%;">AMA Content and Details</span></h2>
<p data-sourcepos="7:1-7:63">The Manta Network representative introduced himself as follows:</p>
<p data-sourcepos="9:3-9:157"><strong>Gökçe:</strong> I am Gökçe, the Turkey Community and Marketing Lead at Manta Network. I would like to invite you all to connect with us on social media as well.</p>
<p data-sourcepos="11:3-11:58">You can reach the Manta Network X page by clicking <em><strong><span style="text-decoration: underline;"><a href="https://twitter.com/MantaNetworkTR" target="_blank" rel="noopener">here</a></span></strong></em>.</p>
<p data-sourcepos="13:3-13:65">You can reach the Manta Network Telegram page by clicking<em><span style="text-decoration: underline;"><strong><a href="http://t.me/Manta_Turkey" target="_blank" rel="noopener"> here</a></strong></span></em>.</p>
<p data-sourcepos="15:3-15:64">I am so happy to be here with a community like Coin Mühendisi.</p>
<p data-sourcepos="17:3-17:45">I invite everyone here to our next airdrop.</p>
<p data-sourcepos="19:3-19:44">To participate in the airdrop, <strong><em><span style="text-decoration: underline;"><a href="https://medium.com/@mantanetworkTR/into-the-blue-resmi-manta-airdrop-273e64e64425" target="_blank" rel="noopener">click here.</a></span></em></strong></p>
<p data-sourcepos="21:1-21:19"><strong>Airdrop Details</strong></p>
<p data-sourcepos="23:1-23:119">In this stage, we allocated 50 million tokens, 30 million of which were allocated directly and 20 million through NFTs.</p>
<p data-sourcepos="25:1-25:104">We have enabled you to convert these NFTs directly into cash without waiting for the additional airdrop.</p>
<p data-sourcepos="27:1-27:115">50 M $MANTA tokens were only for Into the Blue. We will be distributing the same amount for the New Paradigm event.</p>
<h3 data-sourcepos="29:1-29:13"><span style="font-size: 95%;">Questions </span></h3>
<p data-sourcepos="31:1-31:119"><strong>Question 1:</strong> How will you encourage the growth of the ecosystem? Do you have any upcoming programs like NewParadigm?</p>
<p data-sourcepos="33:1-33:157"><strong>Manta Network Representative:</strong> Increasing the size of the ecosystem is definitely a top priority for us. It is also important to define what growth means.</p>
<p data-sourcepos="35:1-35:196">For the next phase of Manta, we have many new TVL entering our network, making Manta Pacific the 3rd largest L2 just below Optimism and Arbitrum, as the “New Paradigm” program is coming to an end.</p>
<p data-sourcepos="37:1-37:109"><strong>Question 2.</strong> Is Manta Network considering using modular (agnostic) blockchain technology to transfer data?</p>
<p data-sourcepos="39:1-39:261"><strong>Manta Network Representative:</strong> Manta Network is the first Ethereum L2 to use Celestia for modular data availability. What this means for the user is that we can significantly save them on gas fees. We have been integrated with Celestia for less than a month.</p>
<p data-sourcepos="41:1-41:115"><strong>Question 3:</strong> Are you considering increasing the number of dApps in your ecosystem? What are your plans for this?</p>
<p data-sourcepos="43:1-43:301"><strong>Manta Network Representative:</strong> We have a strong BD and ecosystem development team dedicated specifically to this. As a result, we currently have over 150 projects deployed on Manta Pacific. We are also using the zkApp Accelerator, which we announced today, in partnership with Celestia and Polygon.</p>
<p data-sourcepos="45:1-45:128"><strong>Question 4:</strong> Can we see Concentrated Liquidity Concepts or another mechanism for developing DeFi on Manta in the near future?</p>
<p data-sourcepos="47:1-47:195"><strong>Manta Network Representative:</strong> We already have some projects that offer this, and I hope liquidity starts to flow to these projects more and can be leveraged by DeFi projects in our ecosystem.</p>
<p data-sourcepos="49:1-49:120"><strong>Question 5:</strong> Have you considered providing development kits like Cosmos SDK, Polygon CDK, or others on Manta Network?</p>
<p data-sourcepos="51:1-51:110"><strong>Manta Network Representative:</strong> Yes, we actually already have development kits. You can check them out here.</p>
<p data-sourcepos="53:1-53:285">They allow any developer to create ZK-enabled applications very quickly. What could take thousands of lines of code if you wrote it yourself can be done with Universal Circuits in just 50 lines of code. We are already seeing projects using this to create very innovative web3 projects.</p>
<p data-sourcepos="55:1-55:90">One example is zkHoldem, which distributes on-chain poker using our ZK Universal Circuits.</p>
<h4 data-sourcepos="57:1-57:21">Twitter Questions AMA</h4>
<p data-sourcepos="59:1-59:136"><strong>Question 1:</strong> I saw that some events on your roadmap are not completed. Are these outdated or events that have not been completed yet?</p>
<p data-sourcepos="61:1-61:196"><strong>Manta Network Representative:</strong> Incomplete events are either ongoing, continuous (sometimes never ending or ending only after a significant period of time), or we probably forgot to update them.</p>
<p data-sourcepos="63:1-63:148"><strong>Question 2:</strong> Will you take any new steps regarding your token in the future? Can you explain the most important reasons why we should choose you?</p>
<p data-sourcepos="65:1-65:318"><strong>Manta Network Representative:</strong> We have a modular architecture. This means that we can always take advantage of the latest technology to plug into our L2 and enable us to continuously provide the best user experience for our community, whether now or 5 years from now. Our architecture is future-proof in this sense.</p>
<p data-sourcepos="67:1-67:113"><strong>Question 3:</strong> What do developers need to create their dApps on Manta Network to launch a DApp on Manta Network?</p>
<p data-sourcepos="69:1-69:140"><strong>Manta Network Representative:</strong> All you need is Solidity. If you can deploy your application on Ethereum, you can deploy it on us as well.</p>
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<p>The post <a href="https://coinengineer.net/blog/coin-muhendisi-x-manta-network-ama-summary/">Coin Mühendisi X Manta Network AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>TonUP X AMA Summary with Coin Engineer</title>
		<link>https://coinengineer.net/blog/coin-engineer-x-tonup-ama-summary/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 23 Dec 2023 15:54:49 +0000</pubDate>
				<category><![CDATA[AMA]]></category>
		<category><![CDATA[coin engineer]]></category>
		<category><![CDATA[Open Network]]></category>
		<category><![CDATA[ton]]></category>
		<category><![CDATA[TonUP]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=8669</guid>

					<description><![CDATA[<p>We conducted our AMA event as Coin Engineer with TonUP on December 16th. Also, the project official answered our questions. Additionally, it gave us information about the project. Moreover, you can access all the contents and details of the AMA here. Firstly, we asked TonUP, whom we wanted to introduce himself to, to share the</p>
<p>The post <a href="https://coinengineer.net/blog/coin-engineer-x-tonup-ama-summary/">TonUP X AMA Summary with Coin Engineer</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p class="darkmysite_processed" data-darkmysite_preserved_bg="rgb(255, 255, 255)" data-darkmysite_preserved_color="rgb(16, 19, 20)">We conducted our AMA event as Coin Engineer with TonUP on December 16th. Also, the project official answered our questions. Additionally, it gave us information about the project.</p>
<p class="darkmysite_processed" data-darkmysite_preserved_bg="rgb(255, 255, 255)" data-darkmysite_preserved_color="rgb(16, 19, 20)">Moreover, you can access all the contents and details of the AMA <strong class="darkmysite_processed" data-darkmysite_preserved_bg="rgb(255, 255, 255)" data-darkmysite_preserved_color="rgb(16, 19, 20)"><a class="darkmysite_processed" href="https://coinengineer.net/blog/ama/" target="_blank" rel="noopener" data-darkmysite_preserved_bg="rgb(255, 255, 255)" data-darkmysite_preserved_color="rgb(16, 19, 20)">here</a></strong>.</p>
<p class="darkmysite_processed" data-darkmysite_preserved_bg="rgb(255, 255, 255)" data-darkmysite_preserved_color="rgb(16, 19, 20)"><strong class="darkmysite_processed" data-darkmysite_preserved_bg="rgb(255, 255, 255)" data-darkmysite_preserved_color="rgb(16, 19, 20)">Firstly, we asked TonUP, whom we wanted to introduce himself to, to share the following:</strong></p>
<hr />
<p data-darkmysite_preserved_bg="rgb(255, 255, 255)" data-darkmysite_preserved_color="rgb(16, 19, 20)">Hello, Coin Engineer Community! It&#8217;s nice to meet you online and I&#8217;m Sing, from TonUP.io website <a href="https://tonup.io/" target="_blank" rel="noopener">here</a>. Also, I am working at TonUP and have joined the team in its first week of establishment, largely responsible for managing collaborations, partnerships, and events like AMAs, and some offline workshops. Also, I&#8217;m very happy to be here with you this evening and I hope everyone can enjoy this, Ama!</p>
<p data-darkmysite_preserved_bg="rgb(255, 255, 255)" data-darkmysite_preserved_color="rgb(16, 19, 20)"><strong>Question 1: Can you give us a general overview of TonUP? and the TON Ecosystem?</strong></p>
<p><strong>Answer 1:</strong> Sure, let&#8217;s start with some information about TON, so the stories will be much clearer for the community.</p>
<p><span style="font-size: 130%;">What is TON (Open Network)?</span></p>
<p>Dominance is significant with over 60% in countries like Russia, Malaysia, and 59% in Brazil. Also, considering that Telegram has approximately 800 million active users, it highlights the broad potential of the Ton blockchain ecosystem. That&#8217;s why we are so sure of our potential and values.</p>
<h2>What is TonUP?</h2>
<p>TonUp is the leading launchpad for TON, focusing on discovering and nurturing promising projects while offering new opportunities to the entire community. Additionally, located at the heart of the TON ecosystem, TonUP has a significant impact in the Greater China region. Also, collaborating with TON, TonUP continues to expand its reach in China, Taiwan, Hong Kong, Russia, and now in Turkey.</p>
<p><strong>Question 2: Could you summarize TonUP&#8217;s achievements or development this year?</strong></p>
<p><strong>Answer 2:</strong> Completed the token issuance of our first IDO project. This IDO helped the MMORPG project Tap Fantasy to collect 80,000 $TON in just 32 minutes. Launched the TONversation column. This column attracted broad media attention, including news covered by Foresight News, Beosin, Cointime, BlockTempo and Blockbeats, etc. TonUP participated in the Panel discussion as one of the sponsors of TON&#8217;s first ecosystem conference Gateway. That same evening, many TON Foundation core members and ecosystem projects participated in the Dubai Side Event hosted by TonUP, where they set up deeper networks and roundtable discussions.</p>
<p><strong>Question 3: We noticed that you are planning to launch the Token in the coming weeks, would you mind sharing some brief content with our community?</strong></p>
<p><strong>Answer 3: </strong><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f604.png" alt="😄" class="wp-smiley"  /> Absolutely, we will conduct our $UP Token IDO on our own website and we have also been selected to launch on Bitget Launchpad!<br />
The $UP IDO set to be held on December 20, will only be on TonUP.io &amp; and will be determined on the 17th in the IEO.<br />
You can review the IDO <a href="https://tonup.io/project/TonUP-IDO/" target="_blank" rel="noopener"><em><strong>here.</strong></em></a></p>
<p><strong>Question 4: Could you showcase some of your products&#8217; killer features, TONUP peers?</strong></p>
<p><strong>Answer 4: </strong>TonUP is not just a launchpad that brings high-quality projects to the TON ecosystem. We are all here, spending our efforts to polish the entire TON landscape and build projects together with the entire community. This is where we differ from many in the same arena. We are officially supported by the TON Foundation and are committed to the comprehensive development of the TON ecosystem together with the TON-Blockchain Team.</p>
<p><strong>Question 5: The last project in the Bitget Launchpad IEO seems to be well liked in the market. Can you give us some information about your upcoming Bitget IEO launch?</strong></p>
<p><strong>Answer 5: </strong>Having the opportunity to conduct an IEO on Bitget simultaneously with our IDO is invaluable chance for TonUP. We hope our community will join us in celebrating this important moment for TonUP.<br />
Many community members are closely interested in the details of the IEO (TonUP x Bitget Launchpad). You can review the Bitget IDO <a href="https://www.bitget.com/tr/events/launchpad/details/7523" target="_blank" rel="noopener"><em><strong>by clicking here.</strong></em></a></p>
<hr />
<h3>TWITTER QUESTIONS</h3>
<p><strong>Question 1: How does TonUP actively interact with its users and ensure that diverse voices are heard? Can you give specific examples of how they promote this inclusive environment?</strong></p>
<p><strong>Answer 1:</strong> Our commitment to inclusivity and community participation is not just in our words; it reflects in our actions and the way we shape our platform and ecosystem. By promoting this inclusive environment, we believe we can collectively encourage innovation and growth in the TON ecosystem.</p>
<p><strong>Question 2: You highlight the support of the TON Foundation and TONCoin Fund and the importance in providing a sustainable ecosystem. How specifically does TonUP contribute to the growth and sustainability of the TON Blockchain, beyond just launching projects?</strong></p>
<p><strong>Answer 2:</strong></p>
<ol>
<li>We identify high-quality potential projects and help them to build better in the TON ecosystem based on our development and operation experience.</li>
<li>Our TonUP community and TONversation columns regularly publish quality articles ranging from the history of the TON ecosystem, discussion of TON&#8217;s fundamental technology development to research on the development of projects in different fields of the TON ecosystem. Through these articles, we help more users understand TON and various sectors of the TON ecosystem.</li>
<li>We actively participate in many TON official activities and strive to collaborate more deeply with more projects in the TON ecosystem, we believe in the power of 1+1&gt;2 and also believe that the potential of TON is limitless.</li>
</ol>
<p><strong>Question 3: Are there any requirements for presale, staging, holding locked balances, etc?</strong></p>
<p><strong>Answer 3:</strong> Anyone can participate in our IDO, there is no requirement for a locked balance. 50% of the public round opens at TGE and the remaining opens the 2nd month after TGE</p>
<p><strong>Question 4: TonUP emphasizes its &#8220;DEX+Launchpad&#8221; model and permissionless play-to-earn pools. How does this approach compare with existing launchpad models? What are the potential risks and opportunities associated with this approach?</strong></p>
<p><strong>Answer 4:</strong> To launch such a product for us, we need to consume a lot of manpower, energy, and financial resources, which is the disadvantage of strong audit mechanisms.<br />
License-free TonUP X is built on a triple collaboration and game model among users, projects, and TonUP. Users or community find and catch valuable projects and vote on whether to start them on TonUP X. This greatly accelerates the speed and ability to catch projects while increasing user participation and loyalty. However, as a result, we leave the review of projects to users and community and only guarantee the security of funds for the first month, but if a project has so many loyal users, there is no need for them to rug-pull users&#8217; assets at an early stage.</p>
<p><strong>Question 5: TonUP&#8217;s first token launch, $MC, is tied to a gaming project. How does this align with TonUP&#8217;s vision of promoting &#8220;potentially valuable cryptocurrencies&#8221;? Does this give any concern about prioritizing entertainment over long-term value? </strong></p>
<p><strong>Answer 5:</strong> Great, thanks for asking! The launch of the Telegram bot and the TONSpace wallet makes it easier to bring the TON ecosystem to game programs and provides a smoother user interaction experience. Gaming also lowers the bar for web2 users to enter web3, so we chose this project.</p>
<hr />
<h4><span style="font-size: 120%;">TELEGRAM QUESTIONS</span></h4>
<p><strong>Question 1: You had written on the TonUP blog page that you will be deeply integrated with Telegram. Can you give us some information about how this will be?</strong></p>
<p><strong>Answer 1: </strong>For example, we will use ton space as one of our wallets to execute IDO. Furthermore, connect directly with TG and now the TG bot in our channel has updates for new IDO campaigns and ongoing airdrop events, so take a look.</p>
<p><strong>Question 2: What is the experience of the TonUP team in the crypto and blockchain field? What opportunities will your team&#8217;s experience provide for the success of TonUP? What services will you provide to the industry?</strong></p>
<p><strong>Answer 2: </strong>Our team is composed of professionals with excellent expertise and commendable past performance in their respective fields and right now, we are globally united and mainly located in Europe and the Southeast Asia region.</p>
<p><strong>Question 3: I see that TonUP_io has partnerships with large companies like Toncoin Fund, Foresight, and Bitget. Are you planning to announce new partnerships soon? Can you share this project briefly?</strong></p>
<p><strong>Answer 3: </strong>We might come with some big news for the ecosystem soon, possibly next week, so keep watching us.</p>
<p><strong>Question 4: What is the TONEco community writing workshop? Who are the hosts? Who are the supporters of the competition? What is the prize pool? Where can I find the details?</strong></p>
<p><strong>Answer 4: </strong>For this event, check <a href="https://community.tonup.io/t/about-the-contest-workshop-s1/215" target="_blank" rel="noopener"><em><strong>this site.</strong></em></a></p>
<p>Prize Pool: 500 $TON, end date is December 31, 2023.</p>
<p><strong>Question 5: Do you have plans to launch a memecoin that will create excitement in the Ton network along with TonUP? How will you attract new investors to the Ton ecosystem?</strong></p>
<p><strong>Answer 5: </strong>TonUP will transition to TonUP DAO in our roadmap for the next year, so if our UP Token holders decide so, then we will proceed to do that. If our community exists, it&#8217;s worth performing because we are on the same side to gain more benefits.</p>
<hr />
<p>Thank you all for hosting me today, Also, I&#8217;m very happy to share the current situation and future plans in TonUP with you. Be sure to try out our On-Ramp and Off-Ramp services. Also, follow us on our X account for the latest news and campaigns <em><strong><a href="https://twitter.com/TonUP_io" target="_blank" rel="noopener">here.</a></strong></em></p>
<hr />
<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram</strong>, </a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers"><strong>Twitter</strong></a> for the latest news and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/coin-engineer-x-tonup-ama-summary/">TonUP X AMA Summary with Coin Engineer</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Coin Engineer AMA Summary with Meson Network</title>
		<link>https://coinengineer.net/blog/coin-engineer-ama-summary-with-meson-network/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 09 Dec 2023 10:56:22 +0000</pubDate>
				<category><![CDATA[AMA]]></category>
		<category><![CDATA[Coin Engineer AMA]]></category>
		<category><![CDATA[Meson Network]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=7942</guid>

					<description><![CDATA[<p>On December 6, 2023, as Coin Engineer, we held an AMA event with the project representative of Meson Network. Also, the project representative answered our questions and provided information about the project. You can also access all Coin Engineer AMA contents and details of what has been done here. Meson Network representative introduced himself as</p>
<p>The post <a href="https://coinengineer.net/blog/coin-engineer-ama-summary-with-meson-network/">Coin Engineer AMA Summary with Meson Network</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>On December 6, 2023, as Coin Engineer, we held an AMA event with the project representative of Meson Network. Also, the project representative answered our questions and provided information about the project.</p>
<blockquote><p>You can also access all Coin Engineer AMA contents and details of what has been done <a href="https://coinengineer.net/blog/ama/" target="_blank" rel="noopener"><span style="text-decoration: underline;"><strong><em>here</em></strong></span></a>.</p></blockquote>
<p data-sourcepos="3:1-3:63"><strong>Meson Network representative introduced himself as follows:</strong></p>
<p data-sourcepos="5:3-5:144">Hi everyone! I am Nijat, working as a digital community strategist at Meson Network. I am a web 3.0 enthusiast and a former web developer.</p>
<p data-sourcepos="7:1-7:51"><strong>Q1: Can you briefly tell us about your project?</strong></p>
<p data-sourcepos="9:3-9:51">I will answer your question in bullet points:</p>
<ul data-sourcepos="10:3-12:249">
<li data-sourcepos="10:3-10:280">Bandwidth Marketplace: Use tokens to aggregate global idle bandwidth (from cloud service providers and telcos) and residential bandwidth (from mobile phones, routers, and IoT devices). Meson&#8217;s bandwidth cost is significantly lower than that of traditional industry giants.</li>
</ul>
<ul data-sourcepos="10:3-12:249">
<li data-sourcepos="11:3-11:300">Provide decentralized storage systems, streaming platforms (for images and videos), and proxy services. The services target both B2B (business-to-business) and B2C (business-to-consumer) markets. Applications developed by Meson are built on top of a continuously expanding bandwidth foundation.</li>
</ul>
<ul data-sourcepos="10:3-12:249">
<li data-sourcepos="12:3-12:249">Strong community: We have about 350k+ active users worldwide, with users distributed in about 150 countries and 1-2 million unique user visits per month in the impact area of two products (gaganode.com and meson.network) according to Google Analytics.</li>
</ul>
<p data-sourcepos="14:1-14:52"><strong>Q2: What is the use case of your testnet tokens?</strong></p>
<p data-sourcepos="16:3-16:209">You can join our testnet by setting up a GaGaNode or GatewayX node. Thus, you can earn testnet tokens every day. Testnet tokens will be matched with a certain portion of Meson Mainnet tokens when mainnet goes live.</p>
<p data-sourcepos="18:1-18:35"><strong>Q3: How to earn testnet tokens?</strong></p>
<p data-sourcepos="20:3-20:107">There are multiple ways to earn testnet tokens. So I will also answer your question in bullet points:</p>
<ul data-sourcepos="21:3-24:133">
<li data-sourcepos="21:3-21:68">Mining through nodes on your Android phone, PC, server, etc.</li>
<li data-sourcepos="22:3-22:65">Invite your friends and earn a solid 10% referral reward.</li>
<li data-sourcepos="23:3-23:183">The easiest way to register on <span style="color: #000080;"><a class="traceable-link" style="color: #000080;" href="https://dashboard.gaganode.com/" target="_blank" rel="noopener noreferrer">https://dashboard.gaganode.com</a></span>, connect your wallet, and complete the Twitter task to get 15,000 testnet tokens.</li>
</ul>
<ul data-sourcepos="21:3-24:133">
<li data-sourcepos="24:3-24:133">A tutorial on how to get test coins in 5 minutes: <span style="color: #000080;"><a class="traceable-link" style="color: #000080;" href="https://hackmd.io/@rocketx/By6_jw3rp" target="_blank" rel="noopener noreferrer">https://hackmd.io/@rocketx/By6_jw3rp</a></span></li>
</ul>
<p data-sourcepos="26:1-26:23"><strong>Q4: What is IPcola?</strong></p>
<p data-sourcepos="28:3-28:155">IPcola is an IPv4 and bandwidth marketplace created by Meson Network. We provide residential, datacenter IPv4s, direct IP connections, and much more.</p>
<p data-sourcepos="30:1-30:87"><strong>Q5: Can you explain to us what makes your project different from other competitors?</strong></p>
<p data-sourcepos="32:3-34:515">The Web 3 infrastructure provides Lego-like pillars that are sufficiently malleable in networking, computation, storage, security, analytics, governance, and transactions to allow applications to be created in multiple use cases, often beyond the capabilities of the Web 2.0 world. The superiority of Web 3.0 prototypes includes decentralization, self-sovereign identity, and open, interoperable back-ends, which perform better than Web 2 applications. Web 3.0-specific products such as Arweave provide permanent storage by persisting in the decentralized storage space, which is not available in the current Web 2.0 world. Although the price of the service offering is significantly higher, it is especially important for certain use cases that are not met by non-permanent storage, such as legal contracts, artifacts, censorship-free publishing, etc. As the world moves towards traceable on-chain visibility, the benefit of this service offering will increase.</p>
<h2><span style="font-size: 100%;">Twitter Questions (Coin Engineer AMA)</span></h2>
<p><strong>Q1: Can you elaborate on the challenges related to the centralized infrastructure in the Web3 ecosystem that Meson Network aims to address with the decentralized RPC network?</strong></p>
<p>There are some problems with centralized infrastructures. First of all, we need a truly decentralized infrastructure to build WEB 3.0. We are addressing this issue. In addition, there is a lot of idle bandwidth, devices and resources. We believe that our miners will be able to generate revenue by using their idle devices and bandwidth. This is a win-win situation for WEB 3.0 developers and users.</p>
<p><strong>Q2: I saw that your project was supported by Spacex and I was interested in this. My question is, there are many stock exchange platforms around, why should we choose you? What are your differences, or how can you make a difference?</strong></p>
<p>We are building the best decentralized bandwidth and IP Sunday. We list our users and miners and try to develop the best solutions for their needs. We are also creating a truly decentralized and open platform for everyone.</p>
<p><strong>Q3: What kind of contributions will Meson Network&#8217;s partnership with Amazon Web Services provide? What positive impact does this partnership have on Meson Network&#8217;s future projects?</strong></p>
<p>It is important for us to partner with major ISPs and cloud providers. Such partnerships can bring really large pools of resources and IP to our network. Our network is open to everyone. Major ISPs, cloud providers, home users can join and contribute to our network.</p>
<p><strong>Q4: How does the Meson Network manage to eliminate the risk of single points of failure and what steps are being taken to improve user privacy through its completely decentralized nodes?</strong></p>
<p>That&#8217;s a really good question. The only point of error is an important issue. Besides, our nodes are worldwide and are provided by many different miners. This gives us great redundancy and uptime.</p>
<p><strong>Q5: Can you explain what makes your Meson Network project superior to other projects? And what is the deadly strategy that you use in your project to win the competition with other projects?</strong></p>
<p>I can say our product portfolio and professional team. We offer different products and solutions for almost every bandwidth-related need.</p>
<p>Meson Network is not a CDN or IPv4 provider. We are a fully functional bandwidth Sunday.</p>
<hr />
<p><strong><span style="font-size: 130%;">Telegram Questions (Coin Engineer AMA)</span></strong></p>
<p><strong>Q1: How will you provide support for those who do not know Meson Network on how to use the platform in the most efficient way?</strong></p>
<p>It&#8217;s a really good question and an important issue. We have detailed manuals and documents. In addition, our moderators help new users and miners get to know the Meson Network. Personally, I can say that the installation and maintenance of our node is really easy. Also, our user interface is very clean.</p>
<p><strong>Q2: How does Meson Network approach the issues of security and decentralization (decentralization)?</strong></p>
<p>Security, privacy and decentralization are the most important priorities for us. Also, these 3 are basic rights for all web 3.0 users.</p>
<p><strong>Q3: Does Meson Network adopt a community-oriented approach? So, is “community support” an important factor for the development of Meson Network in its sector?</strong></p>
<p>All our bandwidth and IPS are provided by our community. That&#8217;s why community is so important to us. Also, I think this is the best answer to this question. We can&#8217;t do anything without our precious community, the miners and the contributors. Thanks for everything <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2764.png" alt="❤" class="wp-smiley"  /> <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f64f.png" alt="🙏" class="wp-smiley"  /> .</p>
<p><strong>Q4: Is it possible to run other nodes such as Meson CDN and GatewayX from the same device (Mac, Windows) and the same IP address? Do you have an article about this?</strong></p>
<p>Yes it is possible. Also, you can run 1 GaGaNode and 1 GatewayX node on the same Linux device. GaGaNode, Android, Windows, TVBox, Linux, etc. it is available for, but GatewayX is only available for Linux-based operating systems. So, if you have a Linux device and static IPV4, you&#8217;re ready <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f44d.png" alt="👍" class="wp-smiley"  /> it&#8217;s all possible.</p>
<p>Thank you all for having me today, I am very happy to share with you the current situation at Meson Network and our future plans. Be sure to try our On-Ramp and Off-Ramp services, follow us from our X account for the most up-to-date news and campaigns.</p>
<p><em class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Also, feel free to share your thoughts about Coin Engineer AMA in the comments. Besides, don’t forget to follow us on </em><a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://t.me/coinengineer" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)"><strong class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Telegram</strong></a>, <em class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)"><a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://www.youtube.com/CoinEngineer" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)"><strong class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">YouTube</strong></a>, and </em><a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://twitter.com/coinengineers" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)"><strong class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Twitter</strong></a><em class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)"> for more analysis and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/coin-engineer-ama-summary-with-meson-network/">Coin Engineer AMA Summary with Meson Network</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Coin Engineer &#8211; Ledgity AMA Summary</title>
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		<dc:creator><![CDATA[Yunus Taşlı]]></dc:creator>
		<pubDate>Tue, 12 Sep 2023 08:41:24 +0000</pubDate>
				<category><![CDATA[AMA]]></category>
		<category><![CDATA[arbitrum]]></category>
		<category><![CDATA[binance]]></category>
		<category><![CDATA[circle]]></category>
		<category><![CDATA[circle usdc]]></category>
		<category><![CDATA[decentralized]]></category>
		<category><![CDATA[decentralized finance]]></category>
		<category><![CDATA[DeFi]]></category>
		<category><![CDATA[LDY]]></category>
		<category><![CDATA[ledgity]]></category>
		<category><![CDATA[ledgity cardano]]></category>
		<category><![CDATA[ledgity crypto]]></category>
		<category><![CDATA[ledgity token]]></category>
		<category><![CDATA[luna]]></category>
		<category><![CDATA[lusdc]]></category>
		<category><![CDATA[real world assets]]></category>
		<category><![CDATA[RWA]]></category>
		<category><![CDATA[stablecoin]]></category>
		<category><![CDATA[terra luna]]></category>
		<category><![CDATA[terra luna classic]]></category>
		<category><![CDATA[tradfi]]></category>
		<category><![CDATA[USDC]]></category>
		<category><![CDATA[usdc arbitrum]]></category>
		<category><![CDATA[usdc circle news]]></category>
		<category><![CDATA[usdc coin]]></category>
		<category><![CDATA[Yield]]></category>
		<category><![CDATA[yield protocol]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=3760</guid>

					<description><![CDATA[<p>On September 3, 2023, during the Coin Engineer &#8211; Ledgity AMA event, the project leader of Ledgity, where we conducted our AMA as Coin Engineer, engaged with the community, addressing our questions and offering insights about the project in a highly informative manner. Coin Engineer &#8211; Ledgity AMA was indeed an enlightening and interactive session.</p>
<p>The post <a href="https://coinengineer.net/blog/coin-engineer-ledgity-ama-summary/">Coin Engineer &#8211; Ledgity AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>On September 3, 2023, during the Coin Engineer &#8211; Ledgity AMA event, the project leader of Ledgity, where we conducted our AMA as Coin Engineer, engaged with the community, addressing our questions and offering insights about the project in a highly informative manner. Coin Engineer &#8211; Ledgity AMA was indeed an enlightening and interactive session.</p>
<p>You can access the AMA content and details <a href="https://coinengineer.net/blog/ama/"><strong>here.</strong></a></p>
<p><strong>First, the Ledgity project representatives, whom we asked to introduce themselves, conveyed the following during the Coin Engineer &#8211; Ledgity AMA event:</strong></p>
<p>&#8220;I am Pierre-Yves, the founder and CEO of Ledgity. I am joined by our CPO and DeFi Leader, @LilaRest. In total, we are an 8-person team based in France, combining over a decade of experience in TradFi and a deep understanding of how new technologies like blockchain and crypto will revolutionize the finance industry. We are very excited to share Ledgity&#8217;s vision with the community.&#8221;</p>
<p><span style="font-size: 130%;"><strong>Our AMA event as Coin Engineer started with some introductory questions we asked the Ledgity project representative and the questions asked and the answers provided were as follows:</strong></span></p>
<p><strong>Q1: What is Ledgity? Can you briefly introduce it?</strong></p>
<p><strong>A1:</strong> We are excited to present the Ledgity Yield Protocol. <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4ab.png" alt="💫" class="wp-smiley"  /> It&#8217;s a treasury management solution backed by Real World Assets, providing stable, reliable, and scalable yield solutions for stablecoin token holders.</p>
<p>Our vision is to develop a &#8220;stable yield for stablecoins&#8221; solution backed by RWA. This is perfect timing as the RWA market is booming, and it&#8217;s likely to play a significant role in the crypto market in the coming years. Wallets with Tokenized RWAs doubled in just a year. In just 2 months, RWA jumped from the 13th to the 8th position in the largest markets on DeFi Llama. Binance predicts the RWA market will be worth $16 trillion by 2030.</p>
<p>It&#8217;s the perfect market timing. The TradFi fixed-income market has been offering the best yield opportunities in the last 15 years. Our legal team has been working hard for over a year to be regulated by the French Financial Market Authority as a Digital Asset Service Provider. With one of the most advanced regulations for crypto assets worldwide, Ledgity Yield Protocol follows a similar approach to Lido for liquid Ethereum staking: users deposit USDC, receive LUSDC, and start earning yields in LUSDC. They can withdraw LUSDC to USDC whenever they want.</p>
<p>LUSDC is backed 1:1 by a diversified bond portfolio.</p>
<p><strong>Q2: What is the current stage of the project?</strong></p>
<p><strong>A2:</strong> We successfully launched our Beta on Arbitrum and Linea just 2 weeks ago. Our technical and financial architecture is ready, and it&#8217;s time to spread the word and pave the way for a bright future for Ledgity Yield <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f680.png" alt="🚀" class="wp-smiley"  />. We are forming partnerships with major projects and launching an intensive marketing campaign.</p>
<p>Soon, we will kickstart our Arbitrum Lockdrop, rewarding early adopters with the first $LDY tokens! Let&#8217;s replicate Lido&#8217;s success, but this time for stablecoin yield.</p>
<p><strong>Q3: We&#8217;ll come back to the Lockdrop campaign shortly, for now, can you explain how the protocol works?</strong></p>
<p><strong>A3:</strong> From a regulatory perspective, i) users lend their stablecoins to Ledgity. ii) Ledgity swaps the USDC into fiat currency, secures the capital in a segregated bank account, and iii) invests the capital into a diversified bond portfolio. Also by pooling stablecoin capital together, Ledgity&#8217;s yield program allows stablecoin holders to benefit from a stablecoin yield solution with an institutional governance approach.</p>
<p>Funds are invested without a speculative spirit, and the investment rules align with the core objective of providing stable and attractive yields offered in the stablecoin. From a technical perspective, Ledgity&#8217;s financial team leverages Off/On ramps with partners like Circle to securely move funds to an off-chain RWA portfolio.</p>
<p>The Ledgity Yield application offers a series of smart contracts that act as a bridge between DeFi and TradFi, securing the flow of funds between users and Off/ramp partners, from reward distributions to deposit and withdrawal operations. When a user deposits USDC into the Ledgity Yield smart contracts, they receive LUSDC as proof of deposit in a 1:1 ratio.</p>
<p>Once a user holds some LUSDC, they start generating a yield on it. There&#8217;s no need to stake, lock, or claim anything; the user will see their LUSDC balance growing automatically over time. Shortly, users will be able to use their LUSDC as collateral on lending platforms, as liquidity on DEXs, and even in an auto-leverage vault to enhance their yields!</p>
<p><strong>Q4: I heard that you will be sharing 13% of the 6-month supply through a Lockdrop campaign. I&#8217;m excited to get exposure to such an advanced RWA project! Can you provide more information about the campaign?</strong></p>
<p><strong>A4:</strong> The campaign will kick off on Arbitrum. So stay tuned, the official date will be announced soon. Additionally, participants of the Lockdrop will be the first to receive $LDY tokens. This is the only way to start receiving $LDY tokens from TGE. Other wallets will have no choice but to buy on the market (= no selling pressure at launch). TGE is expected to be completed by the end of October.</p>
<p>Locking will only be open for 30 days and will distribute approximately 13% of the 6-month $LDY supply. Users can lock any amount of USDC for 3, 6, or 12 months. The longer the lock, the more $LDY a user will receive. Please note that the Lockdrop will be limited to the first 5M USDC, and it&#8217;s first-come, first-served, so don&#8217;t miss out on the opportunity! Lastly, it&#8217;s worth mentioning that Lockdrop participants will earn $LDY only for 6 months, with the majority of other emissions occurring over 48 months!</p>
<p>Get notified when the locking process begins by joining our Discord: <a href="https://discord.gg/ledgityyield" target="_new" rel="noopener">https://discord.gg/ledgityyield</a></p>
<p><strong>Q5: Great, but can you provide us with more information about the $LDY Token?</strong></p>
<p><strong>A5:</strong> Great question. $LDY is the utility and governance token of the Ledgity ecosystem. $LDY resides at the heart of the ecosystem and offers many benefits and advantages to $LDY token holders, such as unlocking the leverage vault, 0% withdrawal fees, and extra yield on stablecoins through features like L-Boost.</p>
<p>It&#8217;s important to note that this is a community-centric token and will primarily be distributed as an incentive to our community members. 5% of protocol revenues accumulate in stablecoins to support the token price by buying back $LDY tokens during bearish periods. Inflation increases, decreasing over the years until reaching the maximum supply (4 years).</p>
<p><span style="font-size: 130%;"><strong>After the questions posed by the Coin Engineer within the scope of the project were answered by the Ledgity representative, questions from 10 Twitter and Telegram users were selected during the Coin Engineer &#8211; Ledgity AMA event and were subsequently addressed by the Ledgity representative in the Coin Engineer &#8211; Ledgity AMA.</strong></span></p>
<p><strong>TWITTER QUESTIONS</strong></p>
<p><strong>Q1: You allow users to lend and borrow cryptocurrencies at fixed rates. How does this compare to traditional finance? (@ErmanlarSelim)</strong></p>
<p><strong>A1:</strong> Hey @ErmanlarSelim, thanks for your question. We don&#8217;t allow users to borrow. We offer a yield protocol on a stablecoin with an attractive yield backed by RWA to benefit from its stability. So in a way, we&#8217;re multiplying what you have in tradfi when you invest cash in an investment solution like a bond portfolio, but for the web3 industry. The stablecoin market is currently massive, with around 120 billion dollars. It&#8217;s somewhat similar to what Lido Finance does but for stablecoins.</p>
<p><strong>Q2: The founders of Ledgity have experience in the financial sector and believe in the future of cryptocurrencies. What forms the basis of this belief? (@Atakan_Yaavuz)</strong></p>
<p><strong>A2:</strong> The best use case for blockchain technology is in the finance industry. This is because the finance industry deals with ledger management, and blockchain technology disruptively innovates ledger management. When you understand how the banking system works, you can easily identify the benefits of using blockchain technology.</p>
<p>So, crypto and blockchain will definitively reshape our financial infrastructure, bringing greater efficiency, faster settlement times, and reduced intermediary costs. We are at the forefront of this innovation, and the Ledgity Yield Protocol is a great example.</p>
<p>The best way to see this in action is by joining our Discord: <a href="https://discord.gg/ledgityyield" target="_new" rel="noopener">https://discord.gg/ledgityyield</a></p>
<p><strong>Q3: Your platform will be fully usable by the end of 2023. What does this mean for users? What can we expect? (@atar_abdullahh)</strong></p>
<p><strong>A3:</strong> Dear community, there&#8217;s a lot in store for you. First and foremost, the upcoming Arbitrum Lockdrop campaign will distribute the first $LDY tokens to our earliest community members. After that, we&#8217;re preparing leverage vaults and L-Boosts that will allow you to further boost stablecoin yields, integrated with other protocol opportunities. But most importantly, our incentive campaigns!</p>
<p>We aim to distribute 65% of the $LDY supply to our community over the next 4 years! This will be in the form of enhanced vaults, $LDY staking, incentives, and more. The best part is that these rewards will be distributed linearly over 4 years, so the earlier you join, the less you&#8217;ll share these rewards with other users.</p>
<p><strong>Q4: As a team, do you analyze your competitors and chart your course accordingly? How much contribution will locking USDC make? (@HknylmzHakann)</strong></p>
<p><strong>A4:</strong> We continually conduct competitor analyses. It&#8217;s an ongoing process to provide our community with a unique value proposition and to continue being one of the most competitive protocols in our space. By locking your USDC, also you&#8217;ll receive a portion of the first $LDY tokens. And after the lock period, you get your USDC back 100%! Lock-drop participants will be the first to receive $LDY tokens. This is the only way to start receiving $LDY tokens from TGE. Other wallets will have no choice but to buy on the market (= no selling pressure at launch). TGE is expected to be completed by the end of October.</p>
<p><strong>Q5: An exciting project for the future of cryptocurrencies. How do you envision this project playing a role in the use of cryptocurrencies? (@ZaferYellow4)</strong></p>
<p><strong>A5:</strong> For a long time, stablecoins have served as a haven in the crypto space amidst volatility and for intermediary value transfers. However, until now, the yield offered on stablecoins has mostly been volatile, requiring users to constantly readjust their positions. The first role Ledgity Yield will play is to provide stablecoin holders with a real and stable yield.</p>
<p>The yield on stablecoin is like an interest-bearing current account. It&#8217;s essential for the democratization of stablecoin usage in a healthy DeFi ecosystem and international value transfer. We can identify significant demand for stable yield in stablecoins from DAOs, Foundations, VCs, and more.</p>
<p>Thank you. Don&#8217;t forget to join us on Discord (<a href="https://discord.gg/ledgityyield" target="_new" rel="noopener">https://discord.gg/ledgityyield</a>) to help us build a leading protocol for yield on stablecoins. Also, mention that community members can participate in Zealy&#8217;s &#8220;Ledgity Game&#8221; campaign to win NFTs and much more.</p>
<p><strong>TELEGRAM QUESTIONS</strong></p>
<p><strong>Q1: I think Legity Yield will be very beneficial for DeFi users. How can I invest in your project? Can you provide information about your token sale process and early investment opportunities?</strong></p>
<p><strong>A1:</strong> There won&#8217;t be any token sale (ICO, etc.), the only LDY tokens in existence will be those distributed through the DEX liquidity pool (300k $LDY tokens) and via the Arbitrum Lockdrop campaign. The selling pressure will be very low, so our Lockdrop campaign will be quite interesting for our early community members. So, the only way to get exposed to the growth of Ledgity Yield is actually to put some USDC into the Lockdrop campaign. But it&#8217;s limited to 5M USDC, so be quick! Join our Discord server to get notified when the Lockdrop starts <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f680.png" alt="🚀" class="wp-smiley"  /> <a href="https://discord.gg/ledgityyield" target="_new" rel="noopener">https://discord.gg/ledgityyield</a></p>
<p><strong>Q2: I&#8217;d like to know the benefits of holding $LTY tokens as a long-term investment. How will demand for $LTY tokens increase in the future? What steps are you taking to increase demand? Can you tell me how you plan to attract more partnerships to your project?</strong></p>
<p><strong>A2:</strong> I think <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f609.png" alt="😉" class="wp-smiley"  /> this is one of the most important questions. The RWA portfolio backing the Ledgity Yield protocol consists of 4 buckets:</p>
<ul>
<li>5% remains in stablecoins to provide instant withdrawal capability for users.</li>
<li>30% is allocated to short-term US Treasury bonds.</li>
<li>30% in short-term investment-grade and high-yield bonds.</li>
</ul>
<p><strong>Q3: Terra, also known as Luna coin, had the highest market cap project recently due to its high APR rates, and its collapse caused a revolution in the crypto market (in a bad way). What measures are you taking to avoid bad outcomes when adjusting these APR rates for stablecoins? (@serdarsst)</strong></p>
<p><strong>A3:</strong> That&#8217;s a good question. Terra Luna had a completely different mechanism, relying solely on the value of Luna Tokens, which was highly volatile. The Ledgity Yield protocol, on the other hand, provides a secure yield solution on stablecoins primarily because it relies on real-world assets. Bonds have been around for decades in TradFi. They represent the most significant asset class, representing trillions of dollars in the financial sector. For example, if you invest in bonds issued by the U.S. government, you can be assured of receiving your yield and capital. We are applying the same corporate standards as asset managers and investment funds in TradFi.</p>
<p><strong>Q4: How exactly do L-Tokens function as &#8220;yield-bearing&#8221; tokens and what technical mechanisms allow them to earn yields without the need for traditional DeFi processes like staking or locking? (@tolgaozek)</strong></p>
<p><strong>A4:</strong> Hey, that&#8217;s a nice question about our innovative reward distribution system! In essence, LUSDC rewards are claimed right before someone is about to use them (in the same transaction). It&#8217;s a completely transparent process for users who think they don&#8217;t have to claim anything. It also eliminates the need for rebase mechanisms and allows for advanced functionalities like redirecting rewards. For example, enabling a DAO to redirect its rewards to another DAO, a parent redirecting rewards to their children&#8217;s wallets, etc.</p>
<p><strong>Q5: Ledgity Yield platform, what risk management policies do you use to protect the stablecoins and loans provided by investors? (@zanioloricardo)</strong></p>
<p><strong>A5:</strong> We implement strict risk management policies regarding the management of the protocol treasury. The RWA portfolio backing the Ledgity Yield protocol consists of 4 buckets:</p>
<ul>
<li>5% remains in stablecoins to provide instant withdrawal capability for users.</li>
<li>30% is allocated to short-term US Treasury bonds.</li>
<li>30% in short-term investment-grade and high-yield bonds.</li>
<li>30% in U.S. factoring. We also work with leading partners with a long history in TradFi. We monitor daily: default risk, liquidity risk, and rate risk. We can leverage over a decade of experience in fixed-income fund management.</li>
</ul>
<p><strong>Q6: You&#8217;ve launched Ledgity Yield on Arbitrum. Are you planning to implement Ledgity Yield on other ecosystems like BSC, ETH, and Polygon? (Erick || Community Manager (CM))</strong></p>
<p><strong>A6:</strong> We aim to cover as many stablecoin holders as possible. So yes, we do plan to expand the protocol to other networks (Hedera and Avalanche are planned) and as many stablecoins as possible. Currently, we support USDC on both Linea and Arbitrum, but we plan to support many more stablecoins in the future. EUROC stablecoin is next in line.</p>
<hr />
<p>You can share your opinions in the comments about the topic. Also, follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram</strong></a>, <a href="https://twitter.com/coinengineers" target="_blank" rel="noreferrer noopener"><strong>Twitter</strong></a>, and <strong><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener">YouTube</a></strong> for more content like this.</p>
<p>The post <a href="https://coinengineer.net/blog/coin-engineer-ledgity-ama-summary/">Coin Engineer &#8211; Ledgity AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Coinengineer &#8211; CyberConnect AMA Summary</title>
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		<pubDate>Wed, 16 Aug 2023 19:00:21 +0000</pubDate>
				<category><![CDATA[AMA]]></category>
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		<category><![CDATA[cyber]]></category>
		<category><![CDATA[cyberconnect]]></category>
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					<description><![CDATA[<p>On 12 August 2023, the CyberConnect project official, where we held our AMA event as Coinengineer, answered our questions and gave information about the project. AMA content and details can be found here. CyberConnect project officials, whom we first asked to introduce themselves, stated the following. I am Yillan! At CyberConnect, I lead Global Development</p>
<p>The post <a href="https://coinengineer.net/blog/coinengineer-cyberconnect-ama-summary/">Coinengineer &#8211; CyberConnect AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>On 12 August 2023, the <a href="https://link3.to/cyberconnect"><strong>CyberConnect</strong></a> project official, where we held our AMA event as Coinengineer, answered our questions and gave information about the project.</p>
<p><a href="https://coinmuhendisi.com/blog/ama/,">AMA content and details can be found here.</a></p>
<h3><strong>CyberConnect project officials, whom we first asked to introduce themselves, stated the following.</strong></h3>
<p>I am Yillan! At CyberConnect, I lead Global Development across different regional markets. Before CyberConnect, I have experience in startups, VCs, and NGOs and studied economics, political theory, and continental philosophy at the University of Hong Kong and the University of Warwick</p>
<h2><strong>But our event started with some introductory questions that we, as Coinengineer, asked the CyberConnect project official the questions asked and the answers given are as follows:</strong></h2>
<h2><strong>Q1: What is the main purpose of CyberConnect?</strong></h2>
<p><strong>C1:</strong> For anyone new here, let me first quickly introduce CyberConnect:</p>
<p>CyberConnect is a multi-chain web3 social network that enables developers to build social applications that allow users to own their digital identity, content, connections, and interactions.</p>
<p>Leveraging the ERC-4337 (account abstraction) standard, CyberConnect radically reduces the complexity of using crypto networks and enables decentralized social experiences that rival Web2. Already the most extensive ERC-4337 smart contract wallet system, CyberConnect, and its 50+ ecosystem projects are becoming a gateway for mass users to enter Web3.</p>
<p>CyberConnect is also the oldest and largest decentralized social networking protocol of web3. It has 1.25M on-chain user profiles and 200,000 monthly active wallets have processed more than 16 million transactions.<br />
What we solve is that the current social networking landscape is dominated by a limited number of profit-driven companies whose primary focus is their financial interests. As a result, these platforms often leverage user data and manipulate content, communities, and users at scale to maximize revenue.</p>
<p>The centralization of social network data creates an ecosystem that unfairly monetizes user data and stifles innovation, preventing developers from delivering new and innovative social products and features. The complexities associated with Web3 and blockchain have prevented many users from entering the space.</p>
<p>CyberConnect&#8217;s mission is to create long-lasting on-chain connections through the power of its network.</p>
<p>Developers can build innovative social applications where users own their identities and data, while content creators can grow their audiences in a fairer, more direct, and decentralized environment. And we want to reduce all the technology complexities and make it available to everyone in the mass population in everyday life. We empower everyone on the web.<br />
For developers: Easily build innovative web3 social applications without worrying about infrastructure and cold start issues</p>
<p>For Creators: Create content that they can own the distribution and monetization of so they can grow their audience in a fairer, more direct, and decentralized environment.<br />
For Users: Easily get involved in web3 through social experiences around discovering content, community, and social events while owning their digital identity, connections, and interactions. A bit of a big background story for our team. So you understand why we&#8217;re doing this.</p>
<p>At CyberConnect, we are a Silicon Valley-based team of serial entrepreneurs with a 7-year commitment to social, web3, and blockchain.<br />
In 2017, the same team founded Lino blockchain and built DLive.tv, the largest blockchain-based live streaming platform. We reached over 1 million daily active users for DLive and partnered exclusively with PewDiePie!!!!, the most subscribed YouTuber at the time. BitTorrent acquired Lino and DLive in early 2020.</p>
<p>As you can see, we are already working with Lino and DLive to build infrastructure for a better content economy and ultimately meaningful social experiences. The same value system brought us here for CyberConnect.</p>
<p>Learn more about CyberConnect on this Highlights page:</p>
<p><strong>https://www.notion.so/cyberconnect/CyberConnect-Highlights-24c7b6f520ea44fcb7b9a541a0d9124d</strong></p>
<p>And also this Binance research report: <strong>https://research.binance.com/en/projects/cyberconnect</strong></p>
<h2><strong>Q2: What does ERC4337 mean? Why does Vitalik care so much about it? What are Vitalik&#8217;s thoughts (if any) about your product?</strong></h2>
<p><strong>C2:</strong> ERC4337 is an improvement proposal for Ethereum. Since existing wallets are not capable of programmability, people started developing smart contracts to act like wallets.</p>
<ul>
<li>Since smart contract wallets, we can do many considerations<br />
&#8211; Recover our access to the wallet without compromising security<br />
&#8211; Pay gas with any token (not ETH on Ethereum)- Pay gas on Multichain, think you can buy an NFT on Polygon with your BNB?</li>
</ul>
<p>For a long time, Vitalik, the co-founder of Ethereum, thinks we need ERC4337 wallets for mass adoption. We completely agree on this, and our thesis is that mass adoption is achieved when people make meaningful connections on the web3. That&#8217;s why we are here!<br />
It provides a true multi-chain user experience that rivals web2 and is the key to getting the next billion mass users on web3. ERC-4337 is one of the proposals on Ethereum that has received public support from Vitalik.</p>
<p>Check out Vitalik&#8217;s tweet for that:</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">The big really valuable and necessary thing that ERC-4337 provides for account abstraction is a *decentralized fee market* for user operations going into smart contract wallets.<a href="https://t.co/JUigSO5OtW">https://t.co/JUigSO5OtW</a></p>
<p>&mdash; vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1576199517434949634?ref_src=twsrc%5Etfw">October 1, 2022</a></p></blockquote>
<p></p>
<p>CyberConnect currently has 300 thousand smart contract accounts. This makes CyberConnect the world&#8217;s largest ERC-4337-compliant wallet system.</p>
<p>For more up-to-date data, visit this Sixdegree ERC-4337 dashboard: <strong>https://dune.com/sixdegree/account-abstraction-overview%3E</strong> and</p>
<p>CyberConnect Dune analytics:</p>
<p><strong>https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account</strong></p>
<p>With social and ERC-4337 (account abstraction) smart accounts, CyberConnect brings the real use case of web3 to mass adoption.</p>
<h2><strong>Q3. What is the benefit of Cyber Token? Do you think Web3 Social is the next trend after De-Fi and NFTs?</strong></h2>
<p>A3: CYBER, the native utility and governance token of the CyberConnect protocol, can be used for the following functions:<br />
Governance: CYBER token holders have voting power and can delegate their voting power to others. Protocol improvements are decided based on voting power.</p>
<ul>
<li>Pay for CyberID: Used to make payments when purchasing CyberID.</li>
<li>CyberAccount gas token: price meter for all transactions within CyberAccount on EVM-compliant chains and used as a means of payment for gas fees.</li>
<li>CyberDAO will introduce more Cyber use cases.</li>
</ul>
<p>The total CYBER supply is 100,000,000 and the circulating supply after listing will be 11,038,000 (~11.04% of the total token supply). In total, 9% of Cyber will be given to community rewards and 34% of Cyber will be allocated to ecosystem development.</p>
<p>CYBER is currently in the Binance Launchpool and is scheduled to be listed on Binance on 15 August 2023 at noon (UTC).</p>
<p>Currently, you can deposit BNB, TUSD, and FDUSD on Binance Launchpool to receive some of the 3,000,000 Cyber rewards:</p>
<p><strong>https://launchpad.binancezh.info/en/launchpool/CYBER_BNB</strong></p>
<p>About Web3 social, we think it will be a key piece for the general mass adoption of Web3! Here&#8217;s why.<br />
Crypto has long awaited some real use cases that appeal to mass users and go beyond single-player trading.<br />
CyberConnect enables developers to deliver web3 social features to a variety of use cases spanning gaming, metaverse, community building, co-working, music jamming, and more.</p>
<p>Just like how Facebook brought users to the internet, but also e-commerce helped the adoption of CyberConnect and web3 social, it will likely bring the next billion users to crypto who aren&#8217;t interested in commerce and degenerate stuff.<br />
Let&#8217;s go!</p>
<p>If you want to learn more about CYBER. We&#8217;ve seen this document made and distributed by the community. You can take a look at it.</p>
<p><strong>https://docs.google.com/document/d/17NWwktn8ibasd3PCrkpuI2eowEeA9_k1D41LG8xRbNo/edit?usp=sharing</strong></p>
<h2><strong>Q4. How many people use CyberConnect? Globally, CyberConnect is extremely popular. What are your plans for Turkey?</strong></h2>
<p><strong>C4</strong>: First of all we aim for mass adoption and we are one of the most competitive teams for mass adoption. As I mentioned, we are the largest decentralized social network on the web3. Currently, 1.25 million people have printed their Cyber Profiles. 1.8 Million content created.<br />
Over 2,500 verified organizations including Arbitrum, DyDx, Rarible, BNB Chain, and CoinMarketCap have created CyberProfiles to build their web3 native audiences.</p>
<p>More than 50+ dapps use CyberConnect&#8217;s infrastructure. This means you only need your CyberAccount for more than 50+ app uses. Also, many more to come!</p>
<p><img fetchpriority="high" decoding="async" class="size-full wp-image-3100" src="https://coinengineer.net/blog/wp-content/uploads/2023/08/protocol-performance.jpg" alt="protocol performance" width="1024" height="576" srcset="https://coinengineer.net/blog/wp-content/uploads/2023/08/protocol-performance.jpg 1024w, https://coinengineer.net/blog/wp-content/uploads/2023/08/protocol-performance-300x169.jpg 300w, https://coinengineer.net/blog/wp-content/uploads/2023/08/protocol-performance-768x432.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p><img decoding="async" class="alignnone size-full wp-image-3101" src="https://coinengineer.net/blog/wp-content/uploads/2023/08/ecosystem.jpg" alt="ecosystem" width="1024" height="986" srcset="https://coinengineer.net/blog/wp-content/uploads/2023/08/ecosystem.jpg 1024w, https://coinengineer.net/blog/wp-content/uploads/2023/08/ecosystem-300x289.jpg 300w, https://coinengineer.net/blog/wp-content/uploads/2023/08/ecosystem-768x740.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>Turkey is a special region at the top of our priority list! That&#8217;s why we&#8217;re doing this AMA with the incredible Coin Muhendisi community! We want to be here to share the celebration of our CYBER launch on Binance with you!</p>
<p>We are following Turkey closely and soon you will see our team and us here for real!</p>
<p>Be sure to show us around and join our meetings for some special edition localized products! Maybe a boat trip on the Bosphorus.</p>
<h2><strong>Q5: Community Award 1 has been distributed. Will there be more awards? What should we do to be eligible?</strong></h2>
<p><strong>C5</strong>: Season 1 of the CyberConnect Community Rewards &#8211; a total of 2.4M CYBER will be claimed &#8211; will drop on 15 August, the day CYBER starts trading on Binance.</p>
<p>Anyone can now visit <strong>https://cyber.co/rewards</strong> to check their eligibility and allocation.</p>
<p>If you missed the Season 1 rewards, participate in the CyberConnect Season 2 community rewards by joining our CyberTrek campaign and becoming early adopters and ambassadors for CyberAccount and the upcoming CyberWallet.<br />
CyberTrek:</p>
<p>To celebrate CyberConnect&#8217;s V3 (ERC-4337 Account Abstraction) upgrades, CyberConnect introduced CyberTrek, a two-month journey with $1.8M in prizes and six top blockchain partners including Polygon, Linea, Base, Optimism, Arbitrum, and opBNB. CyberTrek offers web3 users their first experience with account abstraction through CyberAccount, an ERC-4337 compliant smart contract account system, and early access to CyberConnect&#8217;s future ERC-4337 compliant wallet: CyberWallet. Visit <strong>link3.to/cybertrek</strong> to get started!</p>
<h2><strong>Following the questions asked by Coinmuhendisi within the scope of the project and answered by the CyberConnect official, 10 people&#8217;s questions were selected among Twitter users and Telegram users within the scope of the event and the questions were answered by the CyberConnect official.</strong></h2>
<h1><strong>TWITTER QUESTIONS</strong></h1>
<h2><strong>Q1: In the context of data privacy and security Q1.In what ways does CyberConnect enable users to have control over their social graph data while having a personalized experience?</strong></h2>
<p><strong>A1:</strong> CyberConect enables users to own their data by utilizing the blockchain. Everything is stored in a decentralized way and linked to the wallet address. So users own their digital identity, content, connections, and interactions. And they can move freely without losing different applications.</p>
<p>Now with CyberConnect v3 and CyberAccount ERC-4337 smart contract wallet system, this is even better because it is multi-chain and people can interact with all the different chains without changing the network or getting different gas tokens.</p>
<p>This makes the whole experience better because there is a holistic identity between applications, ecosystems, and now chains. Experiences will be more personalized and also contextualized.</p>
<p>Also for privacy, it is at the top of our priority. That&#8217;s why we are working closely with top industry partners to introduce zk and other solutions into the social space. So you can enjoy the benefits of crypto and web3, but at the same time, you can control your data and have options to keep some information private on special occasions. We are very excited. But we can&#8217;t reveal partner names yet.</p>
<p>I think I answered this difficult question well! We solve real problems. Come to learn more and stay tuned!<br />
Join our community so you don&#8217;t miss all the updates:</p>
<p>Twitter. <strong><a href="https://twitter.com/CyberConnectHQ">https://twitter.com/CyberConnectHQ </a></strong><br />
Discord:<strong> <a href="https://discord.gg/cyberconnect">https://discord.gg/cyberconnect </a></strong><br />
Telegram: <strong><a href="https://t.me/cyberconnect%20@cyberconnect">https://t.me/cyberconnect @cyberconnect</a></strong><br />
Telegram (Türkçe). <strong><a href="https://t.me/CyberConnectTR%20@cyberconnecttr">https://t.me/CyberConnectTR @cyberconnecttr</a></strong></p>
<h2><strong>Q2: CyberConnect v3 has three basic components. &#8211; CyberAccount, &#8211; CyberGraph, &#8211; CyberNetwork, Can you explain these 3 basic components in detail? What are their roles in the CyberConnect project?</strong></h2>
<p><strong>C2:</strong> Let&#8217;s keep it short because there are too many details and techniques:</p>
<ul>
<li>CyberAccount is an ERC-4337-compliant identity infrastructure;</li>
<li>CyberGraph is a censorship-resistant database to record users&#8217; content + social links</li>
<li>CyberNetwork is a gas-efficient and scalable network to bring CyberConnect to the world.</li>
</ul>
<p>But understand one thing, all of these things coming together allows you to have your digital identity and data + web2-like UX and get up and running with ease.</p>
<p>Learn more about CyberConnect v3. Try this article:<br />
<strong><a href="https://link3.to/cyberconnect/post/92e4477c7833a3e8a793c14e8ec884421a5c30edc9afb06d5ce2177ff22c074a">https://link3.to/cyberconnect/post/92e4477c7833a3e8a793c14e8ec884421a5c30edc9afb06d5ce21</a></strong></p>
<h2 style="font-size: 14.4px;"><strong>Q3: What is the difference between web2 and web3 social networking technologies? How does CyberConnect aim to create a different system with web3?</strong></h2>
<p><strong>C3</strong>: Problems with Web2 Social &#8211; 2 sided</p>
<p>*<strong> Users:</strong></p>
<ul>
<li>Censorship</li>
<li>Arbitrary rules and de-platform station ○</li>
<li>Black box and biased algorithm. ○</li>
<li>Lost Creative Value</li>
<li>Redundant and siloed identity data</li>
</ul>
<p><strong>* Developers:</strong></p>
<ul>
<li>Hard bootstrapping</li>
<li>Huge and unfriendly attendant</li>
<li>Stifled innovation</li>
</ul>
<h4>In Web2, data is captured by servers/companies. They have ultimate control over your assets<br />
However, at Web3, your data belongs to you. You have ultimate control over your assets. Therefore, the best social media is only possible when you hold your content. It is possible with blockchain, which we leverage from Web3.<br />
Web3 Social brings ownership but offers even more<br />
&#8211; Freedom of Switching and Control<br />
&#8211; Holistic identity and better experiences (also giant race for this)<br />
&#8211; Monetisation &#8211; better and fairer benefits:</h4>
<h2><strong>Q4. What is CyberTrek and what is it designed for? How can we experiment with a Gas-Free and Network-Free User Experience with CyberAccount?</strong></h2>
<p><strong>C4:</strong> CyberTrek:</p>
<p>To celebrate CyberConnect&#8217;s V3 (ERC-4337 Account Abstraction) upgrades, CyberConnect introduced CyberTrek, a two-month journey with $1.8M in prizes and six top blockchain partners including Polygon, Linea, Base, Optimism, Arbitrum, and opBNB.<br />
CyberTrek offers web3 users their first experience with account abstraction through CyberAccount, an ERC-4337 compliant smart contract account system, and early access to CyberConnect&#8217;s future ERC-4337 compliant wallet: CyberWallet. Visit <strong>link3.to/cybertrek</strong> to get started!</p>
<h2><strong>Q5: What will we see in the future?</strong></h2>
<p>A5: This is our future roadmap:</p>
<p>Q3 2023:</p>
<ul>
<li>Continue to roll out CyberConnect V3 on Optimism, Arbitrum, and opBNB</li>
<li>Continue CyberTrek</li>
<li>Start CyberDAO</li>
</ul>
<p>4th Quarter 2023 (subject to DAO votes):</p>
<ul>
<li>Launch CyberWallet app</li>
<li>Launch the &#8220;Login with CyberConnect&#8221; SDK</li>
</ul>
<p>H1 2024 (subject to DAO votes):</p>
<ul>
<li>Launch CyberGrant developer program</li>
<li>Launch CyberConnect V3 in more chains</li>
<li>Start CyberNetwork L2</li>
</ul>
<p>And special news! <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f680.png" alt="🚀" class="wp-smiley"  /><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f440.png" alt="👀" class="wp-smiley"  /><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f525.png" alt="🔥" class="wp-smiley"  />We just launched our CyberWallet! To the general public! Currently only accessible for Cybertrek early access NFT holders! Multichain future is here!<br />
<strong>wallet. cyber.co </strong></p>
<p>Remember to follow the group before the selection of AMA prizes, other friends will not be rewarded<br />
<strong>https://t.me/CyberConnectTR</strong></p>
<h2><strong>TELEGRAM QUESTIONS</strong></h2>
<h3><strong>Q1: I Want to Own CYBER NFT, So Can You Share Some Information? About CYBER NFT and What are the Main Benefits and Uses of these NFTs?</strong></h3>
<p><strong>C1:</strong> The ownership of our protocol will transition over time to CyberDAO, which we intend as the project&#8217;s community and society. The community will then be able to decide on future developments in our project, the ecosystem, and the future of web3. This is why Cyber is not just a token. It is also a governance and utility token. So, hold on to your CYBER and be a real part of this community <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f642.png" alt="🙂" class="wp-smiley"  /> Let&#8217;s build the future together!</p>
<h2><strong>Q2: Why should a user keep $CYBER tokens in their Wallet for a long time?</strong></h2>
<p><strong>A2:</strong> Let&#8217;s do it and see who the real Hodler is.<br />
We are already the biggest social protocol on web3 → And we are going to one of the biggest social networks in the world.</p>
<p>If we consider the publicly traded &#8220;web2 companies&#8221; operating in the social sector and their corresponding market capitalizations at the moment.<br />
Meta (Facebook): 800.000.000.000 $<br />
Pinterest: 18.000.000.000.000 US dollars<br />
Snapchat: 17.000.000.000 $</p>
<p>Compared to CyberConnect&#8217;s expected market capitalization at TGE, community estimate: $200,000,000 &#8211; $300,000,000<br />
This gives CYBER at least 50x &#8211; 100x upside if we compare it to web2 social media companies even at the low end.<br />
This is not my words btw. I saw this in the community CYBER analysis <strong>document.https://docs.google.com/document/d/17NWwktn8ibasd3PCrkpuI2eowEeA9_k1D41LG8xRbNo/edit?usp=sharing</strong></p>
<hr />
<blockquote>
<h4><a href="https://coinengineer.net/blog/coin-muhendisi-binaryx-ama-summary/"><strong>You may be interested in: BinaryX AMA Summary</strong></a></h4>
</blockquote>
<hr />
<h2><strong>Q3: W</strong><strong>hat is the background of your project, do you think the qualifications and experience of your team can support the long-term development of the project?</strong></h2>
<p><strong>A3:</strong> About our team:</p>
<p>We are a Silicon Valley-based team of serial entrepreneurs with a 7-year long-term commitment to social, web3, and blockchain.</p>
<p>In 2017, the same team founded Lino blockchain and built DLive.tv, the largest blockchain-based live streaming platform. We reached over 1 million daily active users for DLive and partnered exclusively with PewDiePie, the most subscribed YouTuber at the time. BitTorrent acquired Lino and DLive in early 2020.</p>
<p>As you can see, we are already working with Lino and DLive to build infrastructure for a better content economy and ultimately meaningful social experiences. The same value system brought us here for CyberConnect. But our team also includes our incredible investors:</p>
<p>CyberConnect has successfully raised two funding rounds totaling over $25 million backed by leading investors such as Multicoin Capital, Animoca Brands, Sky9, Binance Labs, Delphi Digital, Protocol Labs, IOSG Ventures, Tribe Capital, Spartan Group, Polygon Studios, Lattice, Hashed, GGV Capital, Amber Group.</p>
<h2><strong>Q4: Can you tell us about 2-3 features of your project?</strong></h2>
<p><strong>C4</strong>: This a simple question but let&#8217;s summarise some important points:</p>
<p>The CYBER token is scheduled to be listed and starts trading on Binance on 15 August 2023 at noon UTC and users can already farm 3M CYBER on Binance Launchpool.</p>
<p>Season 1 of the CyberConnect Community Rewards &#8211; totaling 2.4M CYBER &#8211; will be released at the same time. For more highlights on the token, check out this comprehensive analysis circulating in the community: <strong>(https://docs.google.com/document/d/17NWwktn8ibasd3PCrkpuI2eowEeA9_k1D41LG8xRbNo/edit?usp=sharing)</strong></p>
<p><strong>CyberConnect</strong> is the largest ERC-4337 compliant (Account Abstraction) smart contract wallet system in the world, radically abstracting crypto complexities. It provides user experiences rivaling Web2 and makes Web3 ready for mass adoption. <strong>(https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account)</strong></p>
<p><strong>CyberConnect</strong> is the largest and oldest decentralized social networking protocol on the web3. It has 1.25M on-chain user-profiles and 400,000 active wallets with over 16 million transactions per month. More than 2,300 verified organizations, including Arbitrum, DyDx, Rarible, BNB Chain, and CoinMarketCap, have created their CyberProfile to build their web3 native audience.</p>
<p>CyberTrek is a two-month journey to celebrate <strong>CyberConnect&#8217;s</strong> V3 (4337) upgrades and has $1.8M in prizes and features six top blockchain partners including Polygon, Linea, Optimism, Base, BNB Chain, and Arbitrum. This gives most users the first experience of smart contract wallets.</p>
<p><strong>CyberConnect</strong> is backed by Multicoin and Animoca Brands, among other top investors, and has raised over $25 million since its inception. In May, CYBER&#8217;s public sale on Coinlist sold out in less than 30 minutes, raising USD 1.80M where the CYBER price was USD 5.4 USD.</p>
<p><strong>More than 50 projects are usingCyberConnect</strong> to build social features for various use cases such as games, social media, marketplaces, and more. CyberConnect&#8217;s flagship social app [Link3]<strong>(https://link3.to/)</strong> has 940K monthly active users.</p>
<h2><strong>Q5: CyberConnect announced its launch on BuildOnBase and said that we can now create accounts on the L2 network, can there be a continuation of big projects like this, are there any new partnerships you have agreed on or announced? Should we be excited?</strong></h2>
<p><strong>A5:</strong> There are a lot of things coming up! So they are not announced yet and I can&#8217;t say.</p>
<p><strong>But here are some current ones:</strong><br />
Over 2,500 verified organizations, including Arbitrum, DyDx, Rarible, BNB Chain, and CoinMarketCap, have built their CyberProfile to build their web3 native audience. More than 50 projects are using CyberConnect to build social features for various use cases such as games, social media, marketplaces, and more.<br />
For CyberConnect v3 and CyberTrek: Polygon, Linea, Base, Optimism, Arbitrum, and opBNB.</p>
<p><strong>And some extra highlights:</strong><br />
Mocaverse: The PFP NFT collection of the Animoca Brands ecosystem. Mocaverse and CyberConnect will empower Mocaverse NFT holders to build their Web3 social reputation, make meaningful connections, and co-create value through various aspects of Mocaverse, including Moca XP, Realm Tickets, and NFTs.</p>
<p>XMTP: An interoperable web3 inbox. Integration of CyberConnect into XMTP-supported messaging applications.<br />
Livepeer: A video infrastructure protocol. Integration of CyberConnect into Livepeer-supported video streaming applications.</p>
<p>The post <a href="https://coinengineer.net/blog/coinengineer-cyberconnect-ama-summary/">Coinengineer &#8211; CyberConnect AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>CoinEngineer &#8211; Ledger AMA Summary</title>
		<link>https://coinengineer.net/blog/coinengineer-ledger-ama-summary/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 17 Jul 2023 10:23:05 +0000</pubDate>
				<category><![CDATA[AMA]]></category>
		<category><![CDATA[ama event]]></category>
		<category><![CDATA[ama session]]></category>
		<category><![CDATA[cryptocurrency]]></category>
		<category><![CDATA[hot wallet]]></category>
		<category><![CDATA[how to use wallet]]></category>
		<category><![CDATA[ledger ama session]]></category>
		<category><![CDATA[million dollars]]></category>
		<category><![CDATA[wallet differences]]></category>
		<category><![CDATA[what is cold wallet]]></category>
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		<guid isPermaLink="false">https://coinengineer.io/blog/?p=1336</guid>

					<description><![CDATA[<p>Ledger Authorities answered our questions and shared some knowledge about the project at the AMA (Ask Me Anything) event, which was realized as CoinEngineer on 4 July 2023. You can access details and content about the AMA from there. First of all, Ledger Authorities introduced themselves and briefly mentioned their works. I&#8217;m Dan from Ledger Support,</p>
<p>The post <a href="https://coinengineer.net/blog/coinengineer-ledger-ama-summary/">CoinEngineer &#8211; Ledger AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Ledger</strong> Authorities answered our questions and shared some knowledge about the project at the AMA (Ask Me Anything) event, which was realized as CoinEngineer on 4 July 2023.</p>
<p>You can access details and content about the AMA from there.</p>
<p><strong>First of all, Ledger Authorities introduced themselves and briefly mentioned their works.</strong></p>
<p>I&#8217;m Dan from Ledger Support, my business is providing keeping your cryptocurrencies secure. I&#8217;m excited to meet the community and become here.</p>
<p>My name is Prinjal, and I work for Ledger as a Senior Crypto Experience Specialist.</p>
<h1><span style="font-size: 80%;"><strong>Our Ledger AMA event started with some introductory questions which we asked as CoinEngineer. These questions and answers are:</strong></span></h1>
<p><strong>Q1: What is Ledger? What is it used for?</strong></p>
<p><strong>A1:</strong>I&#8217;ll take that question, in a nutshell, Ledger is a hardware wallet you can use to self-custody your crypto safely. We&#8217;re the biggest brand on the market and have the largest integration in crypto projects. But at the core, the ledger is about giving folks the power to self-custody your crypto, your keys, and your coins.</p>
<p><strong>Q2:What sets Ledger apart from other competitors?</strong></p>
<p><strong>A2: </strong>What sets Ledger apart from others is the ease of use, never compromising security, and support for multiple blockchains and NFTs. We provide best-in-class customer service to our users and are ready to help them.</p>
<p><strong>Q3: What is Ledger planning to innovate in the future?</strong></p>
<p><strong>A3: </strong>So many things! More devices, and support for new chains, and protocols. improved Ledger Live ecosystem, and new collaborations with NFT communities. We also want to keep integrating as many Ethereum L2s as we can. Support for different domains within Ledger Live. Better protection against scam NFTs, airdrops, etc. Right now we support Arbitrum, Optimism, and Metis, hopefully, we can add Starknet, zkSync, etc in the future!</p>
<p><strong>Q4:</strong> <strong>How safe is Ledger? How likely is it to be hacked? How can we protect ourselves?</strong></p>
<p><strong>A4: </strong>So, with Ledger, your security hinges on your 24-word recovery phrase, scammers will try to get that. I think it&#8217;s super important to highlight that although we&#8217;re here today on Telegram, Ledger does NOT have official social accounts on Telegram, so beware of scams and fake Ledger and Ledger Support accounts on Telegram.</p>
<div>To protect yourself and your crypto assets while using Ledger:</div>
<div>1. Buy Ledger devices from official partners and download the Ledger Live desktop app from our official website.</div>
<div>2. Set up your Ledger device securely and make sure no one has access to the 24 words seed phrase.</div>
<div>3. Anyone asking for the 24 words is a scammer. The Ledger will NEVER DM you and for them.</div>
<div>4 . Be cautious of Phishing attempts</div>
<div>5. Don&#8217;t give unlimited token approval</div>
<div>6. Never interact with scam NFT and try to move it.</div>
<blockquote>
<div></div>
<div>You might like it: <a href="https://coinengineer.net/blog/what-is-hardware-wallet-ledger-overview/">What Is Hardware Wallet: Ledger Overview</a></div>
</blockquote>
<div>
<h2><span style="font-size: 80%;"><em><strong>Keep in mind some simple rules:</strong></em></span></h2>
<div>Never share your 24-word recovery phrase, and never type it anywhere, anyone asking you for your phrase is trying to scam you.</div>
<div>
<div></div>
<div><em><strong>Also, be careful: </strong></em></div>
<div>1. Address switching malware that can affect your computer. So always verify the address on your Ledger screen. If you give someone your 24 words, they&#8217;ll be able to access your crypto and steal your funds, even without your device! Ledger is a fortress but if you give the keys (24 words) to anyone a fortress can also not protect your assets.</div>
<div></div>
<div><strong>Q5:</strong> <strong>Can you tell us about the Ledger team?</strong></div>
<div><strong>A5: </strong>We got a diversified team of people from different parts of the world. We are trained and equipped to provide assistance with most technical protocols on blockchains. It&#8217;s definitely fun to work at Ledger too, if you&#8217;re a crypto geek you should apply, we could use your talents. We not only provide normal support services to our users but also work on creating video tutorials and help center content that will help them in securing their assets correctly.</div>
<div>Yes, that keeps the work interesting, that and the fact that crypto is moving so fast. As a team, we speak multiple languages and provide our services via different social platforms like Youtube, Facebook, Instagram, Twitter, and Discord.</div>
<h3><strong>Next asked by CoinEngineer in the project scope and answered </strong><strong>questions by Ledger Authorities, 6 questions were selected among Telegram users, and the Authorities answered them.</strong></h3>
<h3><strong>Twitter Questions on Ledger AMA:</strong></h3>
<p><strong>Q1:</strong> <strong>Can someone who already uses a cold wallet transfer their crypto to Ledger? And how? (@bahadircglr)</strong></p>
<p><strong>A1: </strong>Yes absolutely, all you need to do to transfer your existing accounts to your new Ledger is to grab the recovery phrase generated by your old wallet and type it into your Ledger device. By the way, your Ledger is the only place where it&#8217;s safe to type your phrase.</p>
<p>I should also add that while it&#8217;s fine to import a phrase generated by a COLD wallet in your Ledger, you should never import a phrase generated by a HOT or software wallet like Metamask, this could compromise your accounts! We also have different steps mentioned in our <em><strong><a href="https://support.ledger.com/hc/en-us/categories/4404369571601?support=true" target="_blank" rel="noopener">Help Center</a></strong></em> for better assistance.</p>
<p><strong>Q2: How can I stake my cryptocurrencies with Ledger Nano S Plus? Could you tell us about this? (@rifatturan19)</strong></p>
<p><strong>A2: </strong>Staking Crypto assets are not specific to any Ledger devices. You can stake your assets with all your Ledger devices. To stake your assets you simply need to send them to your Ledger account and use the Ledger Live interface to stake them in different blockchains.</p>
<div>And we have a large selection of assets you can stake right in Ledger Live: <strong>ETH, </strong><strong>DOT, </strong><strong>SOL, </strong><strong>ATOM, </strong><strong>TRX, </strong>and many more. If you&#8217;re holding an asset you can stake, you should definitely stake it to create passive income.</div>
<div>Here&#8217;s an <strong><a href="https://support.ledger.com/hc/en-us/articles/5961622776861-Staking-your-crypto-with-Ledger-Live?docs=true" target="_blank" rel="noopener">article from our Help Center</a></strong> to get you guys started. You can find a detailed tutorial on our<em><strong><a href="https://www.youtube.com/@hvbris" target="_blank" rel="noopener"> Ledger Youtube Channel.</a></strong></em></div>
<h3><strong>Last Question on Ledger AMA:</strong></h3>
</div>
<div><strong>Q3:</strong> <strong>How is a Ledger different from a wallet like a Trust wallet metamask? Why should we choose a Ledger?</strong> <strong>(@murattakca1)</strong></div>
<div>
<p><strong>A3: </strong>The main difference between Trust Wallet/Metamask or Coinbase and Ledger is the generation of your seed phrase. When using Metamask or Trust wallet, your seed is generated online and can be exposed at a given point in time. Whereas when set up your Ledger device, it will generate your seed phrase offline inside the secure element chip and so your seed phrase remains offline at all times.</p>
<p>Even when you connect your Ledger to Metamask or Trust wallet using Connect Wallet button, you&#8217;re only using their interface like Ledger Live, and your keys remain secured offline.</p>
<h3><strong>Telegram Questions on Ledger AMA:</strong></h3>
<p><strong>Q1:</strong> If my Ledger wallet is stolen or lost, can I locate it? Or can I safely transfer the assets in it to my different wallet? Will Ledger provide convenience to users in this regard? <strong>(@romania29)</strong></p>
<p><strong>A1: </strong>Thanks for the question. If your Ledger gets lost or is stolen and you have a strong PIN, no need to worry. The device will reset after 3 wrong PINS are entered and wipe your private keys. All you need to do is buy a new Ledger device, type your 24-word recovery phrase into your new device and you&#8217;ll get immediate access to your accounts. <a href="https://support.ledger.com/hc/en-us/articles/4404382075537-I-lost-my-24-word-recovery-phrase?support=true" target="_blank" rel="noopener">To learn more.</a></p>
<div><strong>Q2: Can you share your social media links so we can keep ourselves update</strong>d? <strong>(@Zidane_8)</strong></div>
<div>
<p><strong><strong>A2: </strong></strong>Great question!</p>
<div>You can find us:</div>
<div>&#8211; <strong>Twitter</strong> at https://twitter.com/Ledger and https://twitter.com/Ledger_Support</div>
<div>&#8211; <strong>YouTube</strong> at https://www.youtube.com/@Ledger/streams (we run daily Live support sessions)</div>
<div>&#8211; <strong>Discord</strong> at https://discord.com/invite/Ledger</div>
<div></div>
<div>We also have Facebook, TikTok, and Instagram accounts but Twitter, YouTube, and Discord are the best way to get a hold of us!</div>
<h3><strong>Last Telegram Question on Ledger AMA:</strong></h3>
<div>One last thing, keep in mind that Ledger does NOT have official accounts on Telegram, beware of scams!</div>
</div>
<div><strong>Q3: While the security of crypto assets is known to be an evolving field, does your company collaborate with security researchers or have a team of white-hat hackers? What steps do you take to continuously work on security measures and stay prepared for new threats in order to protect crypto assets?</strong> <strong>(@uiinc35)</strong></div>
<div>
<p><strong>A3: </strong>We at Ledger believe that security is an ongoing field indeed. we actually have a dedicated security team known as the Ledger Donjon who consistently tries to break into our own devices to find potential vulnerabilities and enhance our security through it. We equally provide firmware/app updates to include these enhancements.  You can <em><strong><a href="https://ledger.com/academy/security/the-ledger-donjon" target="_blank" rel="noopener">read more about them here</a>: </strong></em></p>
</div>
<hr />
</div>
</div>
<blockquote><p><strong><cite>You can present your thoughts as comments about the topic. Moreover, you can follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener">Telegram</a>, <a href="https://twitter.com/coinengineers" target="_blank" rel="noreferrer noopener">Twitter</a>, and <a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener">YouTube</a> channels for the kind of news</cite></strong></p></blockquote>
<p>The post <a href="https://coinengineer.net/blog/coinengineer-ledger-ama-summary/">CoinEngineer &#8211; Ledger AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Coin Muhendisi-BinaryX AMA Summary</title>
		<link>https://coinengineer.net/blog/coin-muhendisi-binaryx-ama-summary/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Tue, 20 Jun 2023 11:15:25 +0000</pubDate>
				<category><![CDATA[AMA]]></category>
		<category><![CDATA[airdrop]]></category>
		<category><![CDATA[Altcoin]]></category>
		<category><![CDATA[binaryx]]></category>
		<category><![CDATA[binaryx ama]]></category>
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		<guid isPermaLink="false">https://coinengineer.io/blog/?p=714</guid>

					<description><![CDATA[<p>BinaryX project representative, where we held our Coinmuhendisi-BinaryX AMA event on January 12 2023, answered our questions and gave more information about the project. You can find the AMA content and details here. First of all BinaryX officials, whom we asked to introduce themselves, conveyed the following. Hello everyone, I&#8217;m Yunus. I am broadcasting live</p>
<p>The post <a href="https://coinengineer.net/blog/coin-muhendisi-binaryx-ama-summary/">Coin Muhendisi-BinaryX AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en"><strong>BinaryX</strong> project representative, where we held our Coinmuhendisi-BinaryX AMA event on January 12 2023, answered our questions and gave more information about the project. </span></p>
<p class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">You can find the AMA content and details here.</span></p>
<p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><strong><span class="Y2IQFc" lang="en">First of all BinaryX officials, whom we asked to introduce themselves, conveyed the following.</span></strong></p>
<p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en">Hello everyone, I&#8217;m Yunus. I am broadcasting live on the BinaryX Official channel on the BinanceLive platform. I am also a regional consultant for Binaryx. Hello everyone, I&#8217;m from BinaryX,Emir. Turkish and Global community admin. I have been working with Bnx for over 1.5 years.</span></p>
<p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en"><strong>Our event started with some introductory questions we asked BinaryX Project Official as Coinmuhendisi.  The answers given are as follows</strong>:</span></p>
<div id="tw-target-text-container" class="tw-ta-container F0azHf tw-nfl" tabindex="0">
<p id="tw-target-text" class="tw-data-text tw-text-large tw-ta" dir="ltr" data-placeholder="Translation"><strong><span class="Y2IQFc" lang="en">Q1: Could you introduce yourself and tell us about your background and the team working on BinaryX?</span></strong></p>
<p dir="ltr" data-placeholder="Translation"><strong>A</strong>: <span class="Y2IQFc" lang="en">Hello everyone, I&#8217;m on BinaryX, Emir. As I said at the beginning. I&#8217;m a Turkish and Global Community Admin. I have been working for BinaryX for more than 1.5 years. Let me give you a brief overview of BinaryX now. BinaryX is a GameFi platform that hosts two metaverse games named<strong> CyberDragon</strong> and <strong>CyberChess</strong>. BinaryX originally started as a decentralized derivatives trading system DEFI. Recognizing GameFi&#8217;s burgeoning popularity and interest in the metaverse, the team has gradually evolved into decentralized video games development and now operates separately as a GameFi platform offering IGO services to bridge Web2 game developers to Web3. One of the top 10 projects on the BNB Chain, our management token <strong>$BNX</strong> has over 100,000 token holders and 15K monthly active wallets. It is also one of the largest metaverse projects in terms of trading volume on the BNB chain with a market cap of over 300 million. I don&#8217;t know if you&#8217;ve looked at its chart, but $BNX has consistently performed strongly despite the bear market. </span></p>
<p dir="ltr" data-placeholder="Translation"><span class="Y2IQFc" lang="en"><strong>Q2</strong>:<strong> We know that you recently released a new CyberChess game. Can you tell us more about CyberChess?</strong></span></p>
<p dir="ltr" data-placeholder="Translation"><strong>A:</strong><span class="Y2IQFc" lang="en">Our newly released Cyberchess game is a free-to-play, play-and-win based auto chess strategy game on the GameFi domain. CyberChess is designed to allow players to start playing the game without having to make an initial investment. At the moment, you can start the game without investment with the gifts and promo code given for the first 3 days. The mode that is played the most and provides the main return is the ranked mode. Before entering, you start to fight against 7 other players in rounds by choosing at least 5 Hero cards. You can summon these Hero cards from the Summon section with gold if you want, or you can trade them from the marketplace. Each player has 5 lives in the Ranked match lobby and the game continues until 1 person remains on the field. At the end of the game, points are distributed to everyone according to the ranking. Based on these points, league rankings such as Bronze-Silver-Gold-Platinum-Diamond are created. In Ranked mode, prizes are distributed to players game wallets in BNX coins on Sundays every week. The prizes change according to the league ranking of the player and these prizes are announced on Twitter every Sunday.</span></p>
<p><strong>Q3: What is the competitive advantage of Cyberchess compared to other available games on the market?</strong></p>
<p><strong>A3:</strong> We used 3 design principles to develop Cyberchess. Let me list them as follows. Being strategic and competitive. We started to create Cyberchess after feedback from our community. The community said they wanted something more tactical and strategy based. CyberChess is essentially one step ahead of CyberDragon and is more complex game. It includes more customization in terms of heroes and skills.</p>
<p>Lower barrier to entry –  Current market conditions, we have put a lot of emphasis on additional fees such as initial investment and gas fees for players to start the game and have designed some game modes to be completely free and monetizable.</p>
<p>Better quality – The market is moving fast and the quality of web3 games has increased rapidly. To that end, we&#8217;ve recruited more game developers than the traditional playground.</p>
<p><strong>Q4: Can you explain the play and win mechanism in Cyberchess more clearly?</strong></p>
<p><strong>A4:</strong> Unlike p2e games, which are purely focused on generating revenue from players, the focus of our game is to strike a balance between winning and having fun. This means creating an environment where players can comfortably play for free, compete and, if they want, activate win modes to play for profit.</p>
<p>This GameFi model lowers the barrier to entry to GameFi for first-time players who don&#8217;t want to invest. So anyone who does not have an initial investment is free to enter the game.</p>
<p>Despite being a relatively new concept, it is already being adopted in games like CyberChess where players can play for free and even compete at certain levels, really all players need is to verify their metamask wallet and start the game.</p>
<p><strong>Q5: Were there any difficulties/obstacles encountered in the project recently?</strong></p>
<p><strong>A5:</strong> As you know, we have been experiencing a bear market in the crypto market since late 2021 and it has been challenging not only for us but for the entire industry. In the play-and-win model, many other game projects that experienced waves of mass migration along with the decline of Axie Infinity had a really tough time and the projects were questioned.</p>
<p>We had to change our strategies more than once to get through this period. Earlier this year, we focused on finding a more sustainable model for our project. Thanks to intense consultations with our community and a DAO vote. We were able to virtually avoid a major crash during the crypto market crash in January.</p>
<p>We also published a whitepaper in March highlighted our roadmap to becoming a gamefi platform. We have released more game genres with advanced features for our diverse user base that provides platform services such as marketplace, sidechain and IGO services for 3rd party game developers.</p>
<p>We look forward to contine to provide better gaming experiences for our user base as we take steps towards becoming a trusted service provider for our players, investors and developers.</p>
<p><strong>After the questions </strong><strong>asked by Coinmuhendisi within the scope of the project and answered by the BinaryX official, 10 people&#8217;s questions were selected among Twitter users and Telegram users within the scope of the event  and </strong><strong>the questions were answered by the BinaryX </strong><strong> official .</strong></p>
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<p><strong>TWITTER QUESTIONS</strong></p>
<p><strong>Q1: How many privileges will #BNXtoken holders get in the game? Or is it possible for a player who does not have #BNX tokens to join your game for free and earn income? Could you please tell us how to earn money from your game in the easiest way? (@IsmetAma)</strong></p>
<p><strong>A1:</strong> The BNX token is distributed to users in Ranked mode every Sunday in the game according to their rankings. A player only needs to link their Metamask wallet to play Cyber ​​Chess.</p>
<p>Afterwards, he will be given prizes on the homepage with codes specific to both the game and the communities and he will be able to start without investment.</p>
<p>With these gifts, you can fight for weekly BNX rewards by fighting in Ranked mode with the team you create.</p>
<p><strong>Q2: There are many role-playing games among #Play2Earn projects, what kind of gaming experience do you offer your players and investors? How will you make the game easily accessible for everyone? (@bekirrubber)</strong></p>
<p><strong>A2:</strong> We aim to provide our players with a gaming experience where they can have fun as well as earn money. In order to make the game easily accessible for everyone, we designed the game as monetizable without any investment.</p>
<p>In Cyberchess, you can really collect weekly rewards in ranked mode just by connecting your wallet. You can also get heroes and skills for free with promo codes.</p>
<p><strong>Q3: As we know, there are many hacking incidents happening in the market at this time. Investors are frankly a bit doubtful when investing. How do you protect yourself from such hacks? Is your team experienced enough? (@zubeyrkayaa)</strong></p>
<p><strong>A3:</strong> We work with Salus Securtiy, one of the best in this business to protect against such incidents. Our team consists of GameFi experienced people, also supported by Binance Labs.</p>
<p><strong>Q4: Could you tell us about the future plans of BinaryX? BNX&#8217;s downfall so frightened people, why did this happen? What plans do you have for the Turkish society in the future? Do you plan to further improve the graphics of your game? (@eminctnksn)</strong></p>
<p><strong>A4</strong>: Speaking of future plans first, on the platform and developers side, we would like to provide a set of services and tools to aspiring GameFi developers, for example: the sidechain optimized specifically for GameFi, as well as the IGO platform that aims to connect players, developers and investors.</p>
<p>Second, on the gaming side, BinaryX will continue to invest in our existing games and develop new genres for our expanding player base. We hope to expand our game selection and make it more diverse, so players of all skill levels can play our games.</p>
<p>As for the price drop thing, some groups got the news of a planned BNX unlock in December and they launched a short campaign against us, spreading malicious rumours. Unfortunately for us, these rumours went viral and scared the market.</p>
<p>We attach great importance to the Turkish market and the community in crypto money markets and always give priority to our work.</p>
<p>In the upcoming Cyberland game, we have increased our game graphic quality considerably. The trailer of the game has been released. <strong>You can get an idea about graphics from this video.</strong></p>
<p>https://www.binaryx.pro/cyberland</p>
<p><strong>Q5: You aim to build infrastructure support, a DAO governance system and community to scale promising GameFi projects and bring more innovation to the blockchain gaming industry. When and how do you reach these goals? (@numan_kadir)</strong></p>
<p>A5: We already make all major decisions by DAO voting with the participation of our community. All BNX holders make their own decisions by participating in these DAO votes.</p>
<p>This question was very nice because we had a DAO vote 2 days ago and recently it was decided to split the BNX token 1:100.</p>
<p>After the token split, it will be listed in the same way on Binance and other exchanges. We think that demand will increase after the split and we will go in a stable upward band .</p>
<p>This was an important and beautiful decision for the community and the BNX token.</p>
<p><strong><br />
TELEGRAM QUESTIONS</strong></p>
<p><strong>Q1: You are holding Cyberchess and Cyberland themed Caps competitions in your Telegram forum. Is the #BinaryX Community happy with events like this? Will there be more events for the Turkish community in your Telegram group? #412 (@USAL8)</strong></p>
<p><strong>A1:</strong> We organize and will continue to organize many award-winning events within the community. We give CNFT awards to friends who play active games and participate in events in the community. You get a certain amount of airdrop for every CNFT you collect.</p>
<p><strong>Q2: Combination is very important in Auto Chess games. So, instead of buying random NFTs in CyberChess, does combining certain NFTs provide an opportunity for extra earnings? ( Beyza Sun )</strong></p>
<p><strong>C2:</strong> You touched on a very important point. I can say that strategy is everything in the game. We always advise new players who want to invest and always consult us or other experienced players in the group. Because the hero choices you make at the beginning will determine your next strategy. That&#8217;s why I&#8217;m broadcasting on BinanceLive 2 days a week. You can consult the group to join our game community specific to Turkey and win extra prizes.</p>
<p><strong>Q3: We heard that you recently released the game Cyberland. Will the heroes we buy in Cyberchess be transferred to this platform as well? Could you give brief information about Cyberland? (@nurullahhjoggjj)</strong></p>
<p><strong>A3:</strong> Yes, our newest game Cyberland will be released soon. We will be able to own land in our own metaverse world in Cyberland. At the same time, we will transfer the same characters from Cyberdragon to Cyberchess without any problems, as well as to Cyberland.</p>
<p><strong>Q4: Do you have any work on Turkish language option for users whose English is not good? ( Avax )</strong></p>
<p><strong>A4:</strong> Besides the BinaryX global group, there are 12 different local community telegram groups. Besides, they have official twitter accounts in 8 different languages. We have special studies for users of all languages. Each tweet and each announcement are instantly translated into the local language by the relevant employees.</p>
<p><strong>Q5: What tokens should players have to buy a hero? Can you tell me the steps to get a hero? Can I play the game now on my mobile device?(@Night_99)</strong></p>
<p><strong>A5:</strong> If you want to buy and sell Hero or Skills on the Marketplace within the game, these transactions are done over BNB. If you want to Summon Hero from scratch, you can make Hero Summon by using Gold from the Summoning Altar or with the help of the diamonds you have accumulated. You can play on mobile with metamask browser.</p>
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<p>The post <a href="https://coinengineer.net/blog/coin-muhendisi-binaryx-ama-summary/">Coin Muhendisi-BinaryX AMA Summary</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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