Blockchain Ventures AMA with X-Space (28 October, 2023)
Olivia Queen 👑:
Hi, Good Day. @YooDustin
Welcome to "Blockchain Ventures" ❤️
Dustin (Never DM/PM First):
Hello Olivia
Olivia Queen 👑:
Hope you're doing well. 🥰
Dustin (Never DM/PM First):
Hello, to all the viewers of today's AMA, Xspace is delighted to have received an invitation from Blockchain Ventures. We are honored to be present in this conversation with the community.
Olivia Queen 👑:
We are pleased to have you here 😇
Let's start our today's AMA.
Kindly type "Done" or ✅ to ensure your answer is complete.
Segment 1: Basic Q&A about X-Space.
Dustin (Never DM/PM First):
Yeah i got it, let's get started
Olivia Queen 👑:
Q1. To start, could you share some information about yourself and your experience working in the Blockchain industry? We'd love to get to know you better.
Dustin (Never DM/PM First):
Allow me to introduce myself. I'm Dustin Le, and I've been involved in the market for about 6 years now. I recognized that Blockchain technology is an essential part of the future, which is why I've chosen to pursue it up to this point. Starting as an investor in the market, I realized the potential in the Blockchain industry, so I gained experience in various positions. Before taking on the role of CMO at XSPACE, I worked for two investment funds: the Venture Capital Investment Fund and DAO Ventures.
Done
Olivia Queen 👑:
Awesome 😎
Q2. What unique skills and experiences does your team bring to the table that you believe will contribute to the success of XSPACE?
Dustin (Never DM/PM First):
XSPACE started as a media company before embarking on the XSPACE.FI project. This background is an advantage as it allows us to focus on transitioning users from WEB2 to WEB3 and from the traditional social to SocialFI.
Additionally, our team includes top Rappers from both Vietnam and the United States, all of whom have Vietnamese origins. This greatly enhances the accessibility of XSPACE to users. It's a unique aspect of XSPACE.
Done
Olivia Queen 👑:
Q3. Walk us through the progress behind XSPACE, What's the Story Behind it, How long did it take you guys to create the Project and put everything together? Why have you created XSPACE?
Dustin (Never DM/PM First):
Currently, individuals interested in investing or trading cryptocurrencies must seek information and stay updated on numerous websites and applications. This need arises when participating in various activities, including trading, identifying potential projects, engaging in early-stage funding rounds, and completing tasks related to cryptocurrency income.
Furthermore, each of these actions requires manual execution without the support of specialized tools. This not only consumes valuable time but also results in complexity and challenges, especially for newcomers to this field.
At present, artificial intelligence (AI) has consistently demonstrated its power in processing vast datasets and automating complex decision-making processes. In the cryptocurrency sector, the convergence of blockchain technology and artificial intelligence has opened up new opportunities to optimize market monitoring, forecast trends, and streamline investment procedures.
We assembled a team, developed ideas, and took nearly a year to create the product we have today.
Done
Olivia Queen 👑:
Q4. Now XSPACE is said to be a smarter Decentralized Exchange Platform Built Around the Latest AI Technology aimed at revolutionizing DeFi with AI technology, allowing users to trade smarter and faster., Tell us more, how so?
Dustin (Never DM/PM First):
What excites me the most at the present time is the integration of AI into tools for discovering potential projects. This is also the current demand of the majority of users, including myself.
GEM EXPLORE is a bot designed to help users instantly discover hidden gems across multiple blockchains. With its cutting-edge AI technology, GEM EXPLORE aggregates essential information to evaluate a project's fundamentals, detect fraudulent schemes, and ensure that the provided data is concise yet valuable. Importantly, it keeps users updated on these opportunities very early, sometimes even before a project is listed on a decentralized exchange (DEX).
Key Features of GEM EXPLORE:
Integration of Artificial Intelligence and Machine Learning for suggesting potential investment opportunities.
Xspace Gem Explorer is equipped with artificial intelligence and machine learning, enabling it to analyze vast amounts of data from reliable sources. Thanks to this advanced technology integration, Xspace Gem Explorer can process extensive information, identify trends and patterns in the cryptocurrency market, and provide investors with deep insights and accurate assessments of the potential and risks of each project.
Sorting out non-scam and potential projects.
Xspace Gem Explorer has the capability to distinguish non-scam and potentially promising projects from the thousands available in the market. This tool checks and analyzes key factors, such as whether the contract creator has renounced control and editing rights over the contract. The 'Locked' status indicates that the contract has been locked and cannot be modified after deployment.
Community Engagement: Having a large and active supporting community can significantly boost a project's development. Xspace Gem Explorer pays attention to the support and positive interactions from the user and investor community.
Market and Liquidity: Despite being new coins, gems have a market and liquidity substantial enough to ensure convenient trading without difficulties when buying or selling the coin.
Done
Olivia Queen 👑:
That's really initiative.
Q5. Can you tell us now, What’s unique about XSPACE compared to others, are there any competitors?
What do you believe gives you A competitive edge when compared to others today. Why should users Choose or become a participant of XSPACE?"
Dustin (Never DM/PM First):
First, the application of AI helps users optimize their search and information aggregation, saving time and delivering a breakthrough in efficiency.
We are dedicated to achieving a simple and user-friendly UI/UX to offer the best possible experience for our users. Simplifying access to the world of cryptocurrency is our top priority as we develop any future products.
Furthermore, leveraging our marketing strengths, we have amassed a substantial amount of traffic from traditional social media channels. This not only enhances our marketing cost efficiency but also consistently brings in new users. This forms a robust foundation for expanding the XSPACE ecosystem.
Done
Olivia Queen 👑:
That's For Our basic Introductory Segment
Moving To Our 2nd Segment Twitter Q&A :)
Q1. What are your global expansion plans? Which market are you now working on, or expanding and developing, in order to attract consumers, users, and partners?
Dustin (Never DM/PM First):
Recognizing this as a significant challenge, even for us, language barriers make it difficult for the community to access information. To address this, we have initiated our BRAND AMBASSADOR program. Community representatives from various countries are being developed, including Korea, India, Bangladesh, Russia, Vietnam, and the global community.
This is just the beginning; we aim to transform XSPACE into a comprehensive ecosystem. We will develop a direct community chat system on XSPACE.fi, and all content will be instantly translated into your native language through AI integration and country-specific API recognition, effectively eliminating language barriers.
Done
Olivia Queen 👑:
Q2. Your tokens economics now, Give us detailed information about XSPACE Tokenomics, how is it structured. What is it's utilities, staking and Usecases. Tell us it's Function and Role in your ecosystem also. Where and How can we currently Get it?
Dustin (Never DM/PM First):
We allocate our funds into 11 categories, and with a long-term vision, the TOKEN RELEASE SCHEDULE will unlock over a period of 4 years. We have also limited, to the best extent possible, the circulating supply to be released to the community early on. Token issuance at the time of TGE will be restricted to just three rounds of initial sales, with an additional TGE for Community Development. This allows our ecosystem to allocate funds for Airdrop events and rewards for early-stage users within the XSPACE ecosystem.
XSP use cases
$XSP is the original cryptocurrency token used by investors and partner businesses within the XSPACE ecosystem to access utilities and services.
Designed as a deflationary token, $XSP has been developed with the aim of incentivizing and driving growth within the XSPACE ecosystem. Users can stake this token, allowing them to maximize their benefits. Senders of $XSP tokens will receive up to a 40% profit share.
Revenue generated from services, projects listed on the whitelist from XSPACE's partner collaborations, and direct advertising fees from the platform will be collected and shared with Premium Members who participate by staking $XSP tokens on the platform. Profit increases based on the amount of $XSP tokens they have staked. Investors or speculators are encouraged to stake $XSP tokens to maximize the token's value.
We take this matter very seriously, and first and foremost, we've chosen a reputable auditor to work with us from the early stages, and that's SolidProof, one of the top auditing companies based in Germany. They will assist in auditing our smart contracts and rectifying any issues found before we make announcements to the community.
Currently, we are conducting a Private Round sale at this link: https://xspace.fi/private-sale
Our sale is open to anyone. After the public round is completed, we will proceed to list $XSP, and we have chosen MEXC as the first exchange to list $XSP.
Done
Olivia Queen 👑:
Q3. Collaboration and partnerships are crucial for success in this industry. Could you tell us about any current partnerships you have in place, as well as any plans for future partnerships, investors, and backers?
Dustin (Never DM/PM First):
XSPACE is a media company. With the advantage of owning a multi-channel network (MCN), we can attract a significant amount of traffic from WEB2 to transition to WEB3, thus increasing awareness of the crypto market. We have also introduced premium products, including two music videos produced by XSPACE:
MV1 - "Alone Villa": Link
(https://www.youtube.com/watch?v=UOoPmW0c--8)
MV2 - "Summer Trai Cay": Link
(https://www.youtube.com/watch?v=9oPAm5Ocbec)
These music videos mark XSPACE's entry into the cryptocurrency market.
With the participation of these two prominent Rapper in the roles of Marketing Director and Deputy Marketing Director, this helps shape the brand and ensures that XSPACE's digital products are always captivating and in line with market trends.
At the same time, they also serve as XSPACE's brand ambassadors. With this advantage, XSPACE's image will be more approachable and easily accessible to a wider audience, even those who are new to the crypto market.
We have established partnerships with SolidProof, A&BB, and MEXC, which will also be the first exchange where we list XSP in mid-November. Currently, we are expanding our community through partnerships with prominent communities. You can follow Xspace on Social to see that we have a packed event schedule for October. Join us and receive small gifts from Xspace while learning more about us.
Done
Olivia Queen 👑:
Q4. Security is always a concern when it comes to new technologies. What measures have you put in place tod ensure the safety and security of your system? Additionally, could you provide some information about your partners and backers?
Dustin (Never DM/PM First):
We are very concerned about this issue, and first of all, we have chosen a reputable auditing firm to partner with us from an early stage, and that is SolidProof, one of the leading auditing companies from Germany. They will support the assessment of our contracts and rectify any issues found before we announce them to the community. Additionally, we are also developing an on-chain Smart Contract verification system.
You only need to provide the contract code, and the system will automatically score and send you information about whether the contract owner has renounced ownership, has not been modified or tampered with, or contains any malicious code. Stay closely tuned to our progress, and you will see how everything is streamlined.
Done
Olivia Queen 👑:
Q5. As a final question, could you provide an update on the development status of XSPACE? What have you been working on recently, and what can we expect from XSPACE in the upcoming quarter?
Dustin (Never DM/PM First):
XSPACE is built to become the premier platform for providing tools and information to users. We are currently developing the community and have launched AI-BOTs that support trading and information search entirely for free. In parallel, we have advertising programs for projects that have undergone strict vetting by the XSPACE team. Advertising is the primary revenue stream for XSPACE. We directly share profits of up to 40% from advertising revenue with the XSPACE community through experiences, reviews, viewing media publications, and completing simple tasks from new projects. For users who lock XSP on the platform, the system will extract the revenue to share directly with them, similar to paying dividends to shareholders. This is entirely novel, and this model will be sustainable because we create real products, and users directly benefit from advertising expenditures of companies partnering with XSPACE.
Currently, we have an MVP and have introduced four bots to serve the community for an early platform experience. As we continue our expansion in the near future, it is crucial to introduce key products. We will collaborate with new and promising projects to launch the QUEST to EARN and Launchpad systems. These are the two components that will add more value to the XSPACE ecosystem for users.
Our objective this time is to transform XSPACE.FI into an ecosystem that offers comprehensive solutions, and we aim to strongly emphasize our presence in the CRYPTO market's media landscape. We aspire to become a leading media platform with the support of AI. This is also XSPACE's core strength, helping new projects save a significant portion of their community expansion costs. These are the main products that generate revenue for XSPACE, and we will share up to 40% of this revenue with the XSPACE community.
We are currently developing an AI-Video system, making advertising content more convenient than ever. Imagine an AI system that can assist like a 24/7 customer care representative. Your livestreams are continuously broadcasted, and AI can directly answer and assist customers during livestreams. The potential of this technology will help businesses save a lot on human resources and costs. This is what XSPACE is aiming for. You can view this as an example of our AI video, where AI can speak and interpret in various languages, eliminating language barriers.
Example Video:
Link to Example Video: https://www.facebook.com/100028586777440/videos/1427234197837281
Done
Olivia Queen 👑:
And That's For Our Twitter Segment.
Thanks For your details Answer!
