Recap of GoWithMi’s 1st AMA

Answers were provided by: Co-Founder and CTO Simon Ren

The following questions and answers were keep as organic on how the words were use on the actual AMA.

Here’s the link to the full AMA: https://t.me/topicroom/5498

1. What would be the benefits in building the map?

• The simple answer is Shared profits and security.

2. Gate.io IEO are all rekt… Why are you different?

• Because we are a new start,For the exchange’s core metrics, such as the number of IEO subscribers, Gate.io is pretty good. We have always respected Gate.io’s consistent reputation for openness and transparency. What happened on the Gate in the last month is more like a group behavior, irrational pursuit of rising and irrational selling. Of course, the current price limit mechanism I personally think there are some problems, easy to be abused.
• Therefore, after discussion, both GoWithMi and gato.io agree to postpone IEO, and seek a more effective mechanism during this period. Start from GoWtihmi ,all IEO project will increase the interval, giving investor more time to know each project well.

3. I was very proud to be able to ask the GMAT CO- Founder, — what I want to ask is how GMAT collaborates with the government on GMAT and digital map in GMAT in real life issues and cryptocurrency issues that often conflict with government regulations?

• I think the final solution is let government see the value of blockchain technology, make sure blockchain are really improving people’s lives.

4. What’s your revenue stream/model? How are you gonna earn revenue in long term in order to keep this project sustainable?

• At present, we are offering customers and users another option. At least when Google map increases its price by 14 times as before (Yes, Google did raise the price 14 times last year ), those small Internet enterprises will not feel desperate. So revenue is not the problem.

5. Besides the IEO, what other plans do you have to onboard or attract users to the project?

• Maps are one of the top 10 apps anywhere in the world, and if we can deliver quality services, the number of users is not a problem. Waze has 20 million users in southeast Asia.

6. Another question I want to ask is how GMAT makes a very strong community such as the top 10 market cap coins, and how to form a natural demand for GMAT coins?

• The quick answer is, let this project really change people’s lives.
• Maybe I should start by introducing GoWithMi systematically ?
• In fact, the problem we are trying to solve with GoWithMi is precisely the problem that cannot be solved by centralization. In general, there are two aspects: 1 How to make the blockchain securely connect to the real economy, so that the smart contract can perform a decentralized Didi, a decentralized Uber, Airbnb. 2 How to motivate everyone to solve the problem of poor quality maps in the emerging markets, inconvenient travel, and inability to promote business with returns through the unique characteristics of the blockchain. The sum of these two questions is, “How to empower the entity with blockchain, how to achieve global application of blockchain.”
• In order to solve the above two problems, we focused on two things: technically, we decentralized the map services, making it become a “full data onchian” map service peer-to-peer network, using the same network structure to make smart contract security drive everything in the real world. Economically, I decentralized the map ecosystem including Google maps, Uber and airbnb, turning the $520 billion market into a “real monopoly game” with GoZone as the core, and people around the world can crowdfunded a decentral Google.

7. How does GMAT improve the security of the wallet system and user data system to ensure its security … we know that in this week there was theft of BTC on one of the big exchanges?

• Quick answer, in a decentralized way. Using a decentralized wallet is by far the safest. That’s what we do.

8. What partnerships has the team already secured?

• Please check this. In fact we already have revenue from the first three automobile manufacturer.

9. What insures GMAT that it would work better than Google? How can you make it even comparable to google in most countries?

• It should be said that the quality of map services in most countries is poor compared to China and the United States, especially when you’re trying to build your own uber or something like that.

10. What would be your initial price? Do tell in figures!

• Sorry, I’m a little confused, you mean the price of the map API? A third of Google’s price.

11. Can the map be altered like Wikipedia can be altered by anybody? What checks and balances are there to ensure accurate mapping?

• Yes ,can be modify be every one. For the data accuracy , like bitcoin, our economic system has introduced gaming. The basic idea is keep the game environment going,let the challenger get the income. If he corrects the wrong, the punishment for the perpetrator will always be greater than his potential income.
• or a simple example, let contributors mortgage their GMAT and bet on everyone over a period of time (say, a week) based on the accuracy of their contribution data. If anyone can prove him wrong, then the bet goes to the challenger, or a week later the bet will be accumulated and doubled.

12. Is this a working product?

• Yes, you can search “GoWithMi” (with i) in appstore or google play.

13. Do you have a working product at the moment to try? And why do you need tokens for if its free to use for us users?

Of course, please check above. Give gifts to get more people involved. Believe me, it’s worth it.

14. What is the next target (country) the company is exerting effort to get more traction?

• Allow me to show you Taiwan, Hong Kong and Singapore. (Please go to the link for the complete answer which has graphical images) https://t.me/topicroom/5676

15. Is Indonesia where most of the users are ?

Yes, more than one million users/partners.

16. The Crypto industry is difficult to predict in the future because new methods will continue to emerge. Is Gowithmi sure that the IEO is being heralded as a new future which is a solution to minimize fraud?

I can’t provide an absolutely correct answer. But I can share with you what I’m going to do at GoWithMi to make sure that GoWithMi is going to generate value for everybody. In fact, what I want to say more is the economic logic behind it.

We believe that the essence of blockchain product is an economic system based on distributed networks, everyone participates in synergy for the purpose of gaining profit, and everyone cooperate with each others through the “invisible hand” like 《Wealth of Nations》said. In the blockchain economy, this invisible hand is the consensus, that is game.

We have always believed that land rights are the foundation of economic formation. If the value of land rights is not owned by individuals, then the achievable business value cannot truly belong to users, and the “public land effect” cannot stimulate the participation enthusiasm of users. GoWithMi hopes that the land rights (GoZone) can divide the value on the map, and then allow the corresponding land rights to have strong circulation, ensuring the balance belong to land rights.

Website: Gowithmi.com

Facebook: https://www.facebook.com/gowithmi.fans/

Twitter: https://twitter.com/gowithmi

Telegram Group: https://t.me/gowithme_en

Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5141476.msg50980914#msg50980914