On August, 25th, the CPO of the AMAZY project Stanislav Zhupin held an AMA session, where he answered the questions from the community. He told us about the nearest plans of the project, about the chips, about how to become a part of the AMAZY team and much more.
In this article you will find the answers to the most interesting questions that were raised on the air. Enjoy!
1. How many users are in the app right now? We are interested in seeing the intermediate results.
NFT holders — 6900 people. According to them, there is now an increase of about 70–80 users per day. According to the registered users, the increase is 100–120 people per day.
The turnover oа the market is 7,648 BNB, for the last 24 hours — 255 BNB, and this is 175 sneakers. You can see this on BSC scan, this is not a disclosed information.
Now, there is a redistribution from the users who came at the initial stage to those, who are joining now.
2. I want to be a part of your team. How can I do this?
If you want to become a moderator, be active in the chat, just help other members without a moderator status. If you able already to answer many questions and help users, if you are in the project, then you can become a part of our team in the future. Help users in the chat where you want to be a moderator.
If you see yourself in a different role, you can describe your skills and abilities in our official TG channel and tag Stan. This will be decided on a case-by-case basis.
3. Could you, please, make the basic parameters for the entire search page on the marketplace, but not in the profile of a particular sneaker.
A filter by basic parameters can be implemented, this is a good addition, but it will take some time. We listen to suggestions of our community, the market is constantly being improved. As you can see, we added the Genesis icon, filter, and basic parameters to the sneaker’s profile.
4. What changes are being planned in attracting new users to the project?
At the beginning, we had a model through the accumulation of points. The model is uncomfortable, it didn’t fit anyone. We changed it to the activation on the site. Another model is currently being implemented as well, where bloggers share activation codes with their users. Like this, we can track the conversion, which is very important for the project. We are doing everything that is planned, it’s not being done at the insane pace as some people expect. We don’t have an idea of everyone immediately starting to talk about us and activating all the marketing activities that we have. All bloggers will be getting involved systematically. Someone does few integrations at the beginning, then there will be more, plus we also connect foreign markets. It takes some time to implement all the plans. Now, we are going forward according to the strategy. We follow the model that we have chosen, and it works fine.
5. The pace of the minting is declining. Every day the demand for sneakers is decreasing, and the minting becomes unprofitable, and many people go into the coins farming.
According to internal statistics, the number of transactions on the marketplace is growing, the number of sneakers on sale is sometimes growing faster than the number of incoming users. You should understand that minting will not always be profitable.
Imagine: let’s say that a mint is always profitable, if you mint 1/3 of all sneakers, then it turns out that the users create 3.5 thousands of sneakers every 3 days. This means that the same number of users should come in. And further in progression. After 3–4 months, it will be necessary to sell a huge number of sneakers, which is unrealistic.
Rapid growth is not always good. We are focused on the long term; we have adapted many things regarding M&E projects. For some of our colleagues on the market, anything could happen in the first months, and often the minting was unprofitable, just because of the commission fee. I want you to understand that when minting is not profitable, users go into the coins farming, then come back to minting, this is a cyclical story.
6. Is there any information about approximate dates for the rent through the market and for chips?
For chips, we are focusing on one month, the process has already been launched. But first, we will launch the chips in a beta test. The chips will be on the market, on the blockchain, in your wallets and will also require contracts. This is a multi-level development, it needs to be tested, and only after that rolled out to the mainnet, we will try to do it faster.
In general, the rent is already functioning. You can enter the site from your wallet, buy NFT assets, link a username and password, and transfer the username and password to someone else. The owner of the login and password will not be able to do anything with these assets, he can only pump it incorrectly. All awards are branded by the owner of the wallet.
The rental function on the market in the near future will not be implemented until the chips, for sure.
7. Why is the project not a scam? And why didn’t the project collapse in a week?
SCAM in translation is a dishonest scheme; a fraud. Have you ever seen a SCAM project conducted any AMA, according to the haters, got scammed? What is the SCAM of our project? We are ready to answer any claims and questions of our haters. I would like to hear constructive criticism, and not just the words: “Why bloggers are in the project, but I don’t trust bloggers.” If you think that something is wrong with the project, then argue and perhaps you will help to fix this problem and make the project better.
Most SCAMs don’t even make a product, they just raise money, make incredible claims, sell tokens and promises, nothing else.
In AMAZY, everything what we say in AMA, we do. Yes, there are mistakes, yes, we can postpone the deadline for a week or so. Our developers are human beings too, it happens. For example: the activation system was made very complicated, they admitted it and created another way. In the future, we are planning to make public information about updates. We make the product as we promised.
We are listed on good exchanges, they have liquidity, there is liquidity on PanCakeSwap. We showed that the keys to the decentralized pool for both AZY and AMT were sent to a long-term freeze. We can’t take liquidity, everything is on the blockchain, and every transaction or mint can be tracked there. If you find errors in the public database, then you can tell us what it is wrong and is not as it was stated. If the project was a scam, we would simply delete the chats, and none of this would have happened.
8. Does it make sense to upgrade sneakers up to 30 lvl or can we stop, for example, at level 20? Is it true that with an increase of the level of sneakers, the amount of tokens by which the AMT farm increases, decreases linearly?
It all depends on how many energies you have on your account. If you have few energies, the increase does not make much sense. The higher your energy, the higher the level of the sneaker. With the implementation of the chip, they have mechanics to increase all the parameters. If the sneaker is level 30, then the chip will add % to all parameters, which will greatly affect the value of the level.
Now, Common sneakers +/- are comparable to Uncommon. But with the introduction of chips, the Uncommon sneakers will receive more boost than the Common ones, especially the pumped one. Therefore, the chips will increase the meaning of pumping to a higher level.
As parameters increase, AMT farming can’t decrease. The increase in farming at lower levels is felt more strongly than at higher levels.
9. Will there be a mechanic of burning regular sneakers instead of Genesis? Burning to keep up the price of sneakers. Will there be any passive bonuses for Genesis holders?
1 option:
Yes, we will make the burn mechanic. When you reach level 30, you add some AMT and get a sneaker of a higher rarity type. In this case, a person always has a progress, this is one of our ideas.
Option 2:
We burn sneakers with random parameters, a bad sneaker fell out, burn AMT, and get a new one. But this is questionable, the process will not cost much AMT.
In general, we think that we will discuss all the mechanics of burning with the community. If the community supports it, we will do it. If not, then we won’t.
Passive bonuses for Genesis. We will not introduce increased profitability or additional energy. AMAZY is primarily a platform that will run a lot of applications, and most of these applications will be in the format of “do something and earn”. Roughly speaking, we will add trending applications that exist in the non-crypto world to this platform and see how they take a part. And finally, our plan for Genesis is that it will be a permanent pass to all our applications in the future.
The universal collection is 15 thousand and there won’t be more added. The idea of the collection is not about profitability in the moment, it’s not the idea of distributing bonuses at the moment.
10. What will happen in the next month?
We have enormous plans, not to mention the fact that we are finalizing chips, the market, working on bugs. In addition, we are planning to release a second application, which is being developed by a different team, and this is running in parallel with the M&E application. By the end of August, we are planning to present the announcement. And, perhaps, we will give conditional access to 50 people for a super-early alpha test. It will be a game about fighting, very entertaining game. There will be an opportunity to upgrade your character for a symbolic cost of AMT. There will be a Leaderboard list, and users who are on this list will receive a reward in tokens.
Well, a lot of work on marketing and influencers are being done. There is a lot of work on wristbands, refinement, and elaboration, this is probably the main focus for the next month.
11. When are you planning to launch the merch?
Permission for product branding has already been received, now it is at the creation stage. At the beginning, the merch will not be on sale, but, most likely, will be distributed to the most active users, bloggers, team, moderators, and then we will launch a store with worldwide delivery.
12. When will AMT be distributed for delaying the opening of Gleam boxes?
Yesterday (August, 24th), everyone who submitted the application to support received 200 AMT.
13. What is the plan after the end of X2 farming?
After X2, we will do something between X1.5 — X2 before the implementation of chips. We’ll look at the whole dynamic. There are no plans to leave X2 permanently. In general, our economy was built on the basis that we have chips, and it works correctly with them. Therefore, while they are not there yet, the system for accruing AMT and the cost of repairs causes some dissonance among the users. That’s why, we will make an additional coefficient to farming, because the chips add a certain coefficient. While this coefficient does not exist yet, we will do it artificially. But X2 is really a lot, so we should go back to X1, but smoothly, when we have all the mechanics working correctly on X1. Therefore, wait for the next promotion, which will definitely be more than X1.
Think of the current state of our application as a paid test. Everything is just getting ready for a strong strategy. Our task is to live together until the market becomes better.
14. When will the additional AZY for minting be included, if the AMT rate is above 0.5?
For now, AMT 0.5–0.55 is a margin that can change quickly. This will be wrong and not comfortable for users. If AMT starts a systematic growth above 0.6–0.7, then it will definitely be included. If there is a positive growth dynamic every day, then above 0.6 we will introduce this mechanic. If AMT falls below 0.45, we will remove this mechanic. Market volatility +-10% can be during the day, and I wouldn’t want one user to pay 50% more AZY tokens, and the other 50% less.
15. What new mechanics can we see besides fitness wristbands and a new app?
Burning NFT at level 30 in order to get a higher sneaker rarity. We would like to refine the current mechanics, make chips and launch bracelets.
16. How many accounts have been banned so far and for what? How many were cut rewards for abuse?
14 accounts were banned for linking 2 accounts to one wallet. They still had assets in the form of sneakers on their wallet, we just deleted these accounts. One got banned because the user took advantage of a bug — binned 2 accounts to one wallet and went on both accounts, we just reset them. But the sneakers remained with the users. We fixed this bug.
Rewards for abuse are cut constantly, so we can’t say exactly how many awards were cut for abuse. We don’t have exact statistics, but so far, no one has found hard abuse. Therefore, users might not even notice such cuts. There were bugs with transferring a pumped sneaker from one account to another, we just corrected the ability to walk on one sneaker on more than one account per day.
17. How will the chest be mined?
As a result of your walk, you will accumulate Luck Power points. They will be based on the Fortune indicator, as AMT is now on Performance. And after the walk, these points can be converted into a chip box or not. Chips of different levels can be pulled out of the box. It will be possible to combine them from several level 1 chips into level 2 chips, for example. We will announce the mechanics in more detail soon.
18. Will there be a promotion or a few days to get 2 boxes per minting instead of one?
Double boxes — are not a transparent story, we will have a broken history with our parents. Double boxing is wrong, and this concept does not suit us. Now, the last few days everything is moving as we plan. Not too fast, but there is progress.
19. We all understand that NFT projects are not eternal, what is your view on the existence of the project?
If we are talking about projects like P2E or M2E, this is one story.
If we discuss our history with the AMAZY ecosystem, where there can be many applications on one platform, where we want to start by isolating them from the M&E Genesis NFT project after some time and transferring them separately as an Ethereum collection. We want to start with P2E and M&E and move on to more sustainable projects. This AMAZY collection will give benefits to its members in the form of a community, hangouts, some activities and access to other projects. We don’t have a goal to do something quickly for a few months. If we wanted something good in the short term, we would push everything, including ads. Our task is to make a project that will reach its peak in a year, the main task is to “survive the winter”, no matter how ridiculous it may sound. Our task is to function next summer in the M&E project and by this time add a dozen projects to the ecosystem. And if 2–3 projects will shoot, this will extend the life of the M&E project due to the fact that the projects will also use AMT and AZY tokens.
Everything is based on the fact that there is an audience, and that there is an opportunity to give this audience the technical solution that the audience likes. This will have an cumulative effect, the slower we are now, the further we will go, and our task is to convince you, our users, that we need to go slowly.
20. If I have 3 Uncommon sneakers, can I have 11 energies?
You will have 3 energies added, 1 unit for each Uncommon + 4 energy units base for 3 NFTs on your account.
21. What will the price of chips be? It turns out that the sale price of the chip will be no less than what you could earn for a walk? Wouldn’t it be easier to buy this chip for yourself? After all, the chip may not fall out or fall out of the wrong level.
Chips will be sold for BNB. The mechanics of earning AMT is very predictable. Insert a chip — increase income. You can buy a chip from whoever finds them. And if it is profitable to insert them into sneakers, is it profitable to sell them? They will sell expensive or even insert into their sneakers. Moreover, the chips can be combined with each other and get a stronger increase in performance. The mechanics of obtaining chips is an element of chance for those who like when they can get very lucky or unlucky.
22. Will the Internet be required for the wristbands to work?
When we talk about the work of the bracelet in the fitness room, in what fitness room there is no Internet? For the data track at the moment, the bracelet will need the Internet.
23. Does the number of Genesis sneakers for owners play a role or is it enough to have one on the account?
There will be a separate drop for each Genesis sneaker. If there are several sneakers on the account, then the drop will be proportionally increased. If we consider simply access to the application, then access will be for each sneaker. If access to the application is limited, for example, we need to select 200 people for the test, then we will probably look at the number of sneakers.
24. Does movement speed play a role in AMT income per minute?
It does not affect, but at the same time, you may have an error on the edges of the range. It is advisable to stay in the center of the range, leaving a margin of 1 km / h of speed from the extreme positions. The speedometer you see in the app averages the data.
25. Could you tell us more about the conditions under which the distribution was allocated to influencers, do they have obligations for integration?
Yes, they have obligations on the amount of integration. They do them at our request, if they don’t follow them, they may lose their future allocation.
26. Will the next app have both tokens and ability to earn money?
There will only be an AMT token. For us, this is a new point of involvement and attraction of the audience. There will be earning opportunities, but only if you get into the Leaderboard. If you play the best, get on this list, you will receive rewards. At the start, it will be a simple entertainment application.
27. Are there any plans for the next applications, after the wristbands and the game application?
It all depends on our community. If the community goes and plays the game, we will make games. If they react coldly, most likely, we will integrate more games. But the main idea of the whole platform will be “do something and earn money” for most of the applications on the platform. Plus, infrastructure applications will be launched, for example, AMAZY Wallet, so that you can’t leave the M&E application for your MetaMask wallet, but do everything inside your wallet. And also with other applications.
28. When will there be an increase in new user activations?
Today we have increased up to 200 activations on our website + codes distributed by bloggers.
29. How do you assess the current situation of AMAZY? Excellent or expected better?
We rate everything well. Especially if you look at token rates. Apart from the AZY token, we expected more for this token. We believe that the project is very much underestimated, there is a lot of negativities towards bloggers, but there are no objective claims regarding the project. An objective claim for us is good, it is an opportunity for some improvement.
30. There are people who are interested in AMAZY, but there is a fear of doing financial recommendation, how to do it right?
You don’t need to give financial advice. Don’t do it. You can broadcast some pleasant and positive moments to your friends, for example, daily walks. If a person likes the idea of participating in something fun and interesting, dealing with crypto and making money at the same time, then it’s probably worth talking about the project, and it will be good for everyone. But this participation should not be done on the last money. People who come in using the last money broadcast only negative things in the future. For example, if the floor or token sank by 20–30%. Although, it would seem that this is the usual behavior of the market.
31. Will there be something created for people with disabilities?
Technically, it is difficult to make such functionality in the application, but it will be possible with a bracelet. Soon, we will have an announcement of a fitness bracelet, where the mechanics will depend on the number of calories burned. I believe that the heart rate also increases in people with disabilities when they are engaged in physical activities.
It depends, of course, on type of disability.
32. Is there any information when interactive with other users will be introduced, the introduction of ratings and the ability to add friends to the application?
This is planned to be done right after the introduction of chips. There will be a history with invitations of friends and jogging with them. This socialization mechanic and it will be added to the app next.
33. The application often logs out, do you plan to introduce FaceID?
We are working to reduce such incidents. This is a top priority. FaceID is not planned in the near future, but we plan to add a feature, so that the application remembers the username and password.
34. Is it possible that AMT will cost $1 or is it planned to keep AMT at the current rate?
It’s possible but, in our opinion, the current course suits us completely. If there is a smooth growth, this will also suit us. It must be understood that we don’t have the tools to maintain the AMT course. Our only retention tool is to slightly add the value of AZY to the cost of a mint, at the current rate it is $12, but will the additional $12 of spending per mint keep up. If, nevertheless, people start to mint a lot and burn AMT, this will give some kind of vector to contain, but it is unlikely to keep.
35. How are you planning to deal with people who take the codes for the farming?
We have such a system built into the mechanics of the application that it is not profitable to keep a farm. Moreover, with some scenarios it is impossible. What’s the point to fight with something that is not profitable.
36. In one of the articles, I saw that as one of the measures to combat inflation there will be a customization fee, tell us a bit about it?
For example, a user wants his sneakers to look somehow special. For example, there was some kind of signature on the sneaker. Specially for him, unique his sneakers can be drawn, and for him it will be displayed differently. For this, there will be a fee in AMT, the sneaker will change only the visual effect. There will be a certain constructor in which the user can upload some kind of picture.
37. What is the cost of repairing 1%, does it depend on the level or something else?
Each running sneaker spends differently. Of course, the cost of the repair depends on the rarity of the sneakers. The higher the rarity, the higher the cost of repairs + the higher the level of the sneaker, the higher the cost of repairs.
38. Were there any questions about the trust wallet in the chats? Will you connect?
We are not planning to connect it in the near future, another integration, another wallet.
We will be integrating other wallets, but it won’t be very soon. Most likely, we will create and enter our wallet.
39. Will chips give a bonus at the time of installation? Or will it give the bonus progressively?
Chips will give bonuses from all the parameters that you have pumped. At the same time, if you pump further, then the indicators will grow.
40. Are you planning to create an affiliate program and bonuses for attracting new users to the project?
We are not planning to create an affiliate program.
If you want to attract a new member to the app and walk with him and get more AMT, then yes, it will. If you have created a community in your city, you are engaged in promotion — yes, this will be encouraged. Maybe, we will encourage with tokens, or we will give promoters accounts to popularize the application.
Will there be such a story that a person spent $ 200 on the market, and you will receive $ 50 for it, then no. This won’t happen.
With care for you, AMAZY team!
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