Infinity Capital AMA session with WORLD Token
AMA Infinity Capital will have an AMA session with WORLD Token
On 24 January , 2020 at 20:00 (GMT+7) or 1:00 PM (UTC)
INFINITY CAPITAL:
Welcome to the World Token Project CEO to today’s AMA with our community.
The AMA program consists of 3 parts:
- Introduction to the World token project (CEO World)
- Answer the 5 best questions selected on twitter from the community
- Choose 5 best questions from telegram
- Ending the AMA
In order not to take much time, please introduce your project to our community
First of all, can you introduce your project briefly to our community?
WORLD:
Of course, World is a frictionless yield protocol for users with a constant LP reward pool that scales as volume moves up.
Our main product will be a decentralized escrow mandatory marketplace which will use World tokens as the main currency
INFINITY CAPITAL:
Wow, a great project, we will consider investing in it
Next we will come up with 5 best questions chosen from twitter
Question 1: The $WORLD system guarantees token rewards to those who place LP on every block, regardless of whether $WORLD is traded on it or not. Please explain more about this so we can make a decision to invest in the project
username twitter: @maichi23t
WORLD:
There’s a block on the Ethereum blockchain roughly 15 seconds, but there’s no guarantee that there will be a transaction on every block. Holders only receive yields if there’s a transaction, since the rewards come from the transaction tax directly. It’s very likely that there will be a transaction on almost all blocks, but no guarantee. For LP providers, there is a guarantee on every block, and the reward per block is constant for 24 hours. Every 24 hours, this reward is recalculated then held constant again for the next 24 hours. Every 24 hours, 1% of the entire pool is taken and given as rewards over the succeeding 24 hours of blocks.
INFINITY CAPITAL:
2. One of the greatest important factors while building financial instruments is that they should be accessible to anyone, even for the novices. How do you plan to attract them within your ecosystem on top of the more advanced players in the space?
Twitter Username : @ThanhTr62099696
WORLD:
Thank you for asking this, as newbies are often an overlooked aspect of these communities and ecosystems. Given we’ve been noticing a lot of new people in defi lately, we have addressed this. We have a plan to roll out education from how to set up a metamask for the first time, to how to provide LP, how to stake the LP tokens (and locate them), and every step of the way by preparing video tutorials for our community. Over time we will expand this to include other languages as well for those not too fluent in English.
HARRY DUNG:
Well, that’s really cool. We are fortunate to assist you in providing information to the Infinity Capital investment community in the future.
Okay, we will continue to question 3 now.
3. I want to learn more about WORLD Token, but the information is very small, most of WORLD social networks are less active, the community is relatively empty and less, what strategy does WORLD Token team have to develop the community and maintain long-term user?
Twitter Username : @Rick39127450
WORLD:
We are incredibly new with the telegram group only being made shortly before finding an auditor. Over time, more members will come in and join the chatter. However, I do invite everyone to come in and ask their questions in the group where I, or any of our mods will be happy to answer all your questions. After the presale and listing, we will begin our larger marketing plan to bring people to the website, and telegram group with more reach and a better budget.
On top of this, more information will be released in bits on our group, announcement channel, and twitter. Links below:
Group: https://t.me/worldtokenofficial
Announcements Channel: https://t.me/worldtokenann
Twitter: https://twitter.com/WORLDtoken_
JACKY MINH TRÍ:
I have a little question @worldtoken
Do you have any plans to lock out liquidity when listed at Uniswap?
How many percent will be added?
WORLD:
Yes, since we are planning to use a public presale platform such as Unicrypt’s or Unilock’s, the liquidity will automatically be locked after the sale ends. We will lock it initially for 1 year, in case Uniswap v3 comes out soon after.
50% goes to liquidity the other 50% goes to the marketing campaign after Uniswap listing. We have websites and our banners already lined up for this!
JACKY MINH TRÍ:
One more question
Token is not sold what will you do?
WORLD:
All unsold tokens (and equivalent tokens earmarked for liquidity) will also be sent to the burn address
HARRY DUNG:
Thanks for detailed answer my man 👍 We appreciate that
WORLD:
Of course! Details are important now in crypto and making sure legitimate sales go as safe as possible
HARRY DUNG:
4. Many projects have been hacked recently, tell us how secure is the $WORLD and the data/funds of the communities? What programmable technology and security has your team developed to build a solid foundation?
Twitter Username : @AngerlShin
WORLD:
World token and farming contract has been audited for external exploits, and has passed with no vulnerabilities found. Our dev has also been writing scripts and automated tests to check for issues, here’s a sample of a few of them
Here is the link to the external audit as well
https://solidity.finance/audits/World/
HARRY DUNG:
Solidity has a very quality Audit service and World really deserves to become a prestigious and successful project in the coming time. We appreciate the projects Audit by Solidity. 👍
JACKY MINH TRÍ:
Although you have been audited at solidity.finance, why do not you publicize your identity to make us more confident? I think this is what everyone worries about
WORLD:
My main concern is the death threats people like Andre Cronje, or others have received in the past over issues that occurred that was no fault of their own. However, I have willfully submitted my identification information to Solidity’s team so if anything should be investigated they will provide my information to any authorities or investigative parties.
We’ll take this into consideration and find a way that satisfies both sides :)
HARRY DUNG:
Now let’s go to the last question of Session 1, World.
5. I am a crypto investor and I only care about prospect of a crypto that I chose, tell me the reason why I should choose your project over the existing one? What is your coin advantage that can convince me to change from my favorite token?
Twitter username : @henrytran161093
This is a pretty good question 👍
WORLD:
We have combined several tokenomic features into one and added utility to the token by introducing an escrow marketplace so the token isn’t just a token to buy, hold, and dump. Later on it may be used to buy digital goods, or possibly services depending on the merchant. Our marketing plan post-Uniswap listing is to onboard users new to crypto space as one of, if not the most, integral part of any project is visibility, and growth in both holders and participants, which will always be one of the key focuses of the World team and project.
HARRY DUNG:
Yes and the World token will be more useful in a lot of other financial markets as well and hopefully the team’s marketing campaign will be good enough to reach thousands of traders in the future. Best wishes for World 👍
WORLD:
Thank you for that!
HARRY DUNG:
Alright, so we conclude Session 1 with 5 great questions. you guys on fire !
and now we will come to Session 2
ROMEO:
Q1. DeFi is one of the hottest topics in the blockchain field. Can you share your opinion about DeFi with us? Do you think DeFi will destroy the existing financial system? What’s your project Approach towards DeFi?
WORLD:
We are defi and I am definitely a fan of a lot of the existing protocols, as for whether it will destroy the existing financial system, I do not think so. However it will likely create a new era of how our everyday banking and investment products will be in the future similar to how Central banks are now creating their own digital currencies. I believe us being a part of defi will give us an edge in the new era to come
JESSICA:
Q2. Does WORLD TOKENS have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of tokens and attract investors to participate in investments???
WORLD:
At launch, we will be burning 1M world tokens to jumpstart the burn address. Over time, every transaction will also reward the burn address, growing it and removing more and more tokens from circulation
KI A:
Q3. Do you have a mechanism that protect buyers from getting scammed ? How do you resolve such dispute ?
WORLD:
At first yes we will be reviewing conflict transactions that need a third party resolution. We will use all these experiences to always continue to make the merchant system better every time. Once we finish the initial onboarding of new merchants, we will be opening the platform to ALL merchants as long as they pay a locked vendor bond. This bond will be used as a security deposit if the vendor tries anything shady, any victimized users will be paid back from this bond and the merchant will be removed after too many strikes.
SHABBIR HUSAIN:
Q4. Can you tell me how many slots there are in the $WORLD token pre-sale this time? Are there any prerequisites for participating in the #WORLD pre-sale and explain how can I make the payment during the pre-sale and where I can buy $WORLD tokens?
WORLD:
There are no slots and prerequisites. Once the presale is open, anyone may buy as long as there is still available space.
We will notify and countdown to the presale opening and help any users who need it once the sale begins.
To keep up to date with such information, you may follow our announcements channel, join our group, and/or follow us on Twitter!
Group: https://t.me/worldtokenofficial
Announcements Channel: https://t.me/worldtokenann
Twitter: https://twitter.com/WORLDtoken_
VERONICA MEDHURST:
Q5. What do you think about the Asian market? Does your team plan to reach other countries with potential crypto markets, and have large teams and investors wanting to work and monetize crypto?
WORLD:
Being from Asia ourselves, yes we do plan to target the local communities. We have plenty of plans on how to keep things both manageable but growing our reach exponentially but we’ll save that for the future. Of course it will include working with native speaking leaders such as this group, and others who specialize in their own countries as well.
TRUNG HOANG:
Q6. What is the vision and mission of
#WORLD TOKEN ? What problems are you trying to solve? Do these problems remain unsolved with the existing public blockchains?
WORLD:
A lot of the other currency style tokens aren’t designed for people to spend. Even bitcoin which was made as a currency, people don’t want to spend it (though some of us do) because of the value always increasing. However, if you get more tokens as yield, and you can keep your initial holding and continue to actually spend the dividends or sell them off, this creates a thriving marketplace because any marketplace that gets buyers/consumers to spend more on merchants, will attract merchants, which in turn will also attract more buyers/consumers.
COSMO:
Q7. When will you Launch and opening of staking for LP Providers? what benefits World Token offers to LP?
WORLD:
Once we list on Uniswap, we will deploy the farming contract and the LP staking will begin as soon as it possibly can after the Uniswap Listing :)
LP stakers will have their own pool to receive rewards from, so more than likely they will have a larger share of the rewards pool compared to users because there will be less users sharing these rewards
BRAVEN:
Q8. I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities ?
WORLD:
Oh yes, we will take this into consideration for the testnet release of our initial merchant system! This is a wonderful way to involve the community and strengthen the security of our platform!
MEME:
Q9. Having a Mobile App will certainly make it easier for users to access the WORLD . Does WORLD have any plans to release a Mobile App in the future?
WORLD:
As of now there’s no plans for a mobile app because it’s a lot of work and may require a separate team altogether. All I can assure as of this moment would be that our dapps and websites will always be mobile friendly and optimized. We can look into this later on if we have the budget for it.
ALICE:
Q10. How secure is the data of users in Wold Token? What personal information is asked to use the platform?
WORLD:
It will mostly be decentralized so the information will be limited to only your ETH address, which will be linked to your account and be your login. This also provides information to which reviews are likely fake or a real ETH address linked, which will help us reduce fake review scam merchants!
HARRY DUNG:
So before we officially end this session. Do you have something to share into the community, World ?
WORLD:
Thats all for us for now, stay tuned with our announcements to join the presale, and we’ll see you at Uniswap Listing!! Enjoy your evening everyone!
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