Chainflix AMA Recap Crypto Revolution Telegram group
On 12th of November, Chainflix conducted an AMA on Crypto Revolution Community. Our guest was Youngsung Chong, Head of Global Marketing & Investor Relations for Chainflix team. Impressive interest from our Community with a lot of questions on both Twitter and Telegram. Let’s take a look at most interesting points of the AMA.
INTRODUCTION AND TWITTER QUESTIONS
Danny | Crypto Revolution: Okay guys. It’s time for another portion of Crypto Revolution AMAs. Let’s welcome Youngsung Chong and Chainflix. Happy to have you with us today.
Youngsung Chong: Hello! Happy to be here today.
Danny | Crypto Revolution: Could you please introduce yourself and tell us how did you get involved into Crypto? Chainflix AMA is on!
Youngsung Chong: I am Youngsung, head of Global Marketing & Investor Relations for Chainflix team. I have been in cryptocurrency for the past three years as a consultant, trading analyst, and marketing director. I have worked with Chainflix for the past year and so to help them prepare to be a global blockchain project.
Danny | Crypto Revolution: Nice. You have good Experience. What are your Advices for Newbies in Crypto? Right now is really hard to find good Project out there.
Youngsung Chong: Right. It is really difficult even for the more ‘experienced’ cryptocurrency investors to find gems for investment. Most attention is now gearing towards the major cryptocurrencies for trading profits. I would suggest that new investors to question what is the project bringing to the table? Also on whether the product is ready or not.
Danny | Crypto Revolution: Got you. Good Advice chat. Could you please describe what is Chainflix in few simple sentences?
Youngsung Chong: My pleasure. In the most simple description, Chainflix is the next generation YouTube, rewarding all users for their contribution. Chainflix is powered by proprietary, patented technologies: video play-back based mining, decentralized storage, and artificial intelligence.
Danny | Crypto Revolution: That’s really interesting. So YouTube will be your biggest Competitor?
Youngsung Chong: That is the aim for the team. We are not just here to create a buzz in the blockchain space. We want to show that a blockchain powered platform can contend against a traditional platform provider.
Danny | Crypto Revolution: Few words for Tokenomics?
Youngsung Chong: It is a minable coin with a fixed supply just like Bitcoin. However, the beauty of CFX token is that it is correlated to the number of users. With increasing users, demand and supply can increase together.
Danny | Crypto Revolution: Still Private Sale to be announced right?
Youngsung Chong: Right, we are expecting an announcement next week.
Danny | Crypto Revolution: Oh nice. What will be the benefits for token Holders?
Youngsung Chong: CFX powers all economic transactions within the ecosystem. With increasing demand for the token for advertisements, commerce, and donations, token holders can benefit from the surging demand.
Danny | Crypto Revolution: Thank you for the Introduction. Jumping to Twitter questions now.
Youngsung Chong: Looking forward to!
Q1 from @summaryYui
Too many projects promise magic, but never release any effective products or prove any benefits within the short/long release time. Is the same with your project? If not, can you tell us what makes your project different from other projects?
Youngsung Chong: Chainflix is different from the other projects promising project. We have been in development for the past three years. We have registered patents and a beta service that is prepared for an official launch.
Danny | Crypto Revolution: How big is the team contributing to the Development?
Youngsung Chong: Chainflix is a team of 14.
Danny | Crypto Revolution: Nice. So when Beta Service will launch. Any approximate date. And are you going to get Beta Testers for it?
Youngsung Chong: Beta has been live since early this year. We have been slowly getting beta testers from over 30+ countries.
Danny | Crypto Revolution: Could you please share the link? And so far what is the Feedback for it?
Youngsung Chong: It has been good so far. Many users find the entertainment in mining CFX while watching or sharing videos. You can check out Chainflix’s beta service on https://beta.chainflix.net.
Danny | Crypto Revolution: You aim to be Worldwide I guess or mostly Asia?
Youngsung Chong: Worldwide for sure. We have a global launch plan and partners around the world for international content acquisition.
Q2 from @Jack60233404
Many new projects made a good impression at first but were suddenly abandoned. How will you manage the project and token to gain a place in the market and become a best token in the blockchain world?
Youngsung Chong: Our track record as a team will prove that we will not suddenly abandon the project. We have a combined experience of 20+ years, and Chainflix is a platform that our team has been developing over the past three years. We were not like other projects that began to work on product development after ICO. Chainflix platform is launch-ready.
Danny | Crypto Revolution: You said you already have good Partnerships. Could you please mention few of them?
Youngsung Chong: We have over 30+ launch partners, some of the public partners are media companies in Korea, Vietnam, and Mexico. More details will be shared via public releases and announcements.
Danny | Crypto Revolution: Thank you.
Q3 from @yifei46239318
Now, there are many similar projects popping up every day, and investors have adapted to a large number of the same projects. What is Chainflix’s opinion on this, and how does Chainflix handle it to maintain its leading position?
Youngsung Chong: There are many different projects popping up each day. However, there will be no project that suddenly comes in to develop our proprietary, patented technologies within a day. We will maintain our competitive edge by improving and enhancing our exisitng technologies and development.
Danny | Crypto Revolution: Thank you for the great answers man. Are you ready for the Quiz Part?
Youngsung Chong: I am ready.
Question: What is the token ticker for Chainflix?
Question: What makes Chainflix technologically different from YouTube?
Best answer: Difference is that Chainflix is utilizing blockchain and smart contract features, ChainFlix has three core features. Users can easily mine CFX coins by simply watching videos and ads.
Question: How many ecosystem participants has Chainflix defined?
Question: Who can determine the mining ratio in Chainflix ecosystem?
Best answer: Creators determine.
Can you list some great features of Chainflix that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Youngsung Chong: Chainflix rewards the viewers through an algorithimic mining system, which requires no hardware or plugin. This is the best advantage of Chainflix platform. Also, the platform architecture is designed to reduce operational costs significantly.
Is there any Ambassodor progrm that I can join so that I can Contribute to the community?
Youngsung Chong: Soon there will be a global ambassadors program to incentivize community members to contribute to the platform growth.
It is unfortunate that some projects remain half way because their developers abandon the concept because they cannot achieve the desired capitalization in the long term; how do you plan to make this project sustainable for its development?
Youngsung Chong: We actually are already prepared for that concern because we have already finalized our development. Now is the time for enhancements of the platform, the core development of Chainflix is finished.
How did ChainFlix survive in during long bear market?
Youngsung Chong: By focusing on our core development without having the token sales conducted prior to the development. This is how we have survived without investor complaints.
Danny | Crypto Revolution: Thank you for your time Youngsung. Final Words for Community?
Youngsung Chong: Thank you for the time as well. Really glad to be here today with a vibrant community. I hope that there will be another chance for me to engage and please stay tuned for Chainflix’s updates.
Danny | Crypto Revolution: Yeah always. Feel free to share all news and updates here.
For more information and future AMAs, join our Social Media channels:
Telegram group: https://t.me/crypto_revolution1
Telegram group: https://t.me/chainflix