[RECAP] AMA: Kommunitas x Elf Matrix

Mr. Jimmy Wu as CEO of Elf Matrix spoke in-depth about his project during our AMA session yesterday. Here’s the full recap for those who missed the event.

SEGMENT 1: INTRODUCTION QUESTIONS

Question 1: Can you give us a brief introduction about your team and Elf Matrix?

Mr. Jimmy Wu: — I’m Jimmy Wu, founder/CEO of Elf Matrix.I am involved in all key decisions from product to marketing and leads the company.

I have a mixed industry background of finance,game and blockchain, and used to be responsible for marketing and business operations in Southeast Asia and Latin America for large listed companies.

- We’re a technology-focused game studio with a team consisting of thirty full-time employees,,and with its headquarter in Singapore.

The founding team members come from core communities of CryptoKitties & Axie Infinity,and all are blockchain enthusiasts.

We are committed to developing the best blockchain games and contributing to the GameFi revolution.

- Elf Matrix is a Play-to-Earn NFT Game which is being built on BSC & Polygon for nearly instant transaction with almost no fees. It will be playable in App form, launching on PC, Mac, Android, and eventually on IOS.All in-game items and creatures will be blockchain based tokens and NFTs.

Elf Matrix’s visuals and gameplay are inspired by classics like CryptoKitties and Pokemon. Players will be immersed in an ancient and mysterious alien planet called Matrix,where they can summon and collect cute elves, and battle with them to earn crypto rewards. Additionally, players can own NFT land plots in Matrix to build their own elven kingdom, where they can get rare resources and tokens.

Here is a one page overview of Elf Matrix:

https://drive.google.com/file/d/1CWsCZjEIT4jwt2uMvTIJbCdKVvRK4NHQ/view?usp=sharing

Question 2: We want to know, why did you start Elf Matrix and what are your dreams for the future?

Mr. Jimmy Wu: — Why I start this project?

GameFi is a subversive revolution for traditional games, especially the concept of play-to-earn has gradually gained popularity. At the same time, GameFi is also one of the entrances to the metaverse. This industry has great prospects for development, which has been proved by the success of many P2E games. So we decided to develop this project, which is a play-to-earn NFT game.

- Dreams in the future

We have a mission to provide an ecosystem of player-owned economy with excellent gaming experiences in community, and also have a vision to create a metaverse where people in all countries come together with their elves to play, earn, and live.

Question 3: Please let us know about some utilities of ElfMatrix token and other NFT’s if you have?

Mr. Jimmy Wu: — Token utilities

Elf Matrix Token ($EMT) is a BEP-20 core utility token for the Elf Matrix Metaverse, which can be used in the following ways:

Payment: Players will need $EMT for in-game payment.Community Treasury will eventually buy and burn $EMT, making it naturally deflationary as the ecosystem grows.

Staking: $EMT holders will be able to claim rewards if they stake their tokens for the contribution of decreasing the circulating supply.

Governance: $EMT holders will eventually be able to participate in key governance votes about the future directions of the game,promoting Elf Matrix to become a DAO.

- About NFTs

At current stage, we have Origin Elf NFT, a Generation 0 Elf that will be one of the first and rarest Elf ever to exist. There will only ever be 4,096 Origin Elf ever minted. Each Origin Elf will be generated from an exclusive set of meta tags with high purity tiers , this means each NFT will be rare and precious, all never minted again.

And you will be able to get this kind of NFTs in our upcoming INO.

Question 4: What is on the roadmap and why should our community invest in ElfMatrix ?

Mr. Jimmy Wu: — The following is the roadmap:

Q1 2022
• Initial Prototype
• Social Media Presence
• Official Website Launch
• Whitepaper Release
• Private Sale
• Token&NFT Smart Contract

Q2 2022
• Community Growth
• Tokens Airdrop
• Origin Elf NFT Sale
• $EMT Token Launch
• Listing on more Exchanges
• $EMT Staking

Q3 2022
• Team expansion
• In-house Elf NFT Marketplace
• Summoning Game
• $CS Token Launch
• Adventure (PVE)
• Arena (PVP)

Q4 2022
• Yield Farming
• Community Treasury
• Matrix Land Plots Presale
• In-house Land/Item NFT Marketplace
• Land Gameplay
• DAO & In-game Governance

- Elf Matrix is a long term project, and we’re committed to:
1.High game playability
2.High-quality economic model
3.Community cohesion
4.Distributes profits to players in Dao or other decentralized ways

So it is worth investment.

Question 5: How can our community find out more about ElfMatrix?

Mr. Jimmy Wu: — For more details about Elf Matrix, kindly check our socials as following:

Website:https://elfmatrix.io/
Twitter: https://twitter.com/Elf_Matrix
Discord: https://discord.gg/JENDMtdQK4
Telegram Group:https://t.me/ElfMatrix
Telegram Channel:https://t.me/ElfMatrixChannel
Facebook: https://facebook.com/ElfMatrixOfficial
Instagram: https://instagram.com/elf_matrix
Medium: https://medium.com/@ElfMatrix
Reddit: https://reddit.com/r/ElfMatrix
YouTube: https://youtube.com/channel/UCrXwvMVIMw9T5x8pn0-DDdQ
OpenSea Official Collection: https://opensea.io/collection/elfmatrixofficial

SEGMENT 2, LIVE SESSION

Question 1: Can you kindly drop your token contract address and social media links of project? so that, we can add your token in our wallet and we can stay updated with your project latest update?

Mr. Jimmy Wu: The token contract will be officially announced after listing.

The social media links have already been shared in the last question of segment 1.

You can stay tuned to our upcoming IKO on Kommunitas and invest in Elf Matrix.

Question 2: Since a strong community not only brings interesting ideas to the project, but also attracts larger partners; how is planning to build its community? And are there any strategies to recruit people with Blockchain experience to the team?

Mr. Jimmy Wu:

1. Cooperate with well-known guilds and KOLs to strengthen marketing promotion；

2. Carry out various cross-marketing events such as AMA, raffle and campaign with project partners, and share community resources with each other.

3. Increase the exposure of the project in well-known blockchain media.

4. Listing on more top exchanges.

Question 3: Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?

Mr. Jimmy Wu: Sure, of course. Elf Matrix is a Play-to-Earn NFT Game which is being built on BSC&Polygon , with all in-game items and creatures will be blockchain based tokens and NFTs.

We will have staking function for NFTs, through which NFT holders can get native token rewards or even new NFTs.

Question 4: What is the most prominent advantage of your project ? is it different from other projects on these aspects? What will you do to increase and attract more people to know and invest in your project?

Mr. Jimmy Wu:

1. More refined in terms of art quality.

2. Deflation mechanism from the very beginning to avoid the inflation problem that Axie is currently facing.

3. Besides, in the future, we also plan to turn the land gameplay into an open world sandbox game to expand the depth and breadth of the game.

Question 5: Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project?

Mr. Jimmy Wu: We’re a specialized team with mixed background of finance, gaming, and blockchain technology, and we already have 30 full-time employees up till now. Each of the core team members has a rich experience in our own area of expertise. We have the ability and confidence to create a perfect gamefi project with good gameplay experience and stable economic system.

SEGMENT 3: LEARN AND EARN

Question 1: What’s the ticker of Elf Matrix’s native token?

Answer: EMT

Question 2: What’s the Initial Market Cap (IMC) of the token?

Answer: $217,000

Question 3: What’s the public sale price of the token?

Answer: 0,05

Question 4: What’s the target raise on Kommunitas?

Answer: $150,000

Question 5: What’s the vesting schedule for tokens sold in IKO?

Answer: Vesting: 10% TGE, then linear vesting in 6 months

Elf Matrix Official Links:

🔺Website: https://elfmatrix.io
🔺Twitter: https://twitter.com/elf_matrix
🔺Telegram Discussion: https://t.me/ElfMatrix
🔺Medium: https://medium.com/@ElfMatrix
🔺Instagram: https://instagram.com/elf_matrix
🔺Discord: https://discord.gg/JENDMtdQK4
🔺Youtube: https://youtube.com/channel/UCrXwvMVIMw9T5x8pn0-DDdQ