AMA Recap Vol.128 — — Konstellation: a decentralized cross-chain capital markets protocol built on Cosmos
At 2: 00 pm (UTC) on Feb 22th, Sang H. Lee, CEO and Co-Founder of Konstellation and Natasha Bansgopaul, COO and Co-Founder of Konstellation were invited to be the guests of AMA in TokenHunter Official Telegram Group. During the AMA, Sang H. Lee introduced Konstellation and its goals in detail. Natasha Bansgopaul shared more about the DARC token. Not only that, but they also answered many questions from users.
It is aimed to efficiently connect funds and the various components of the asset management industry with investors. Konstellation intends to be the financial services industry hub for Cosmos and other blockchain ecosystems through strategic inter-blockchain communications. The Konstellation network is powered by the DARC token.
Sang H. Lee & Natasha Bansgopaul’s sharing knowledge points are full, and here we will sort out the essence of AMA for everyone to review.
Q1. Could you briefly introduce yourselves and tell us a little bit about your professional background?
Sang H. Lee : Hi, I’m Sang and I’m the Co-Founder of Konstellation.
I come from a financial engineering background and spent a number of years as an investment banker in New York. I’m an avid fan of Fintech, if it wasn’t obvious and looking for the next disruption to make the industry more equitable and streamlined. As may be understood from the name, I was also an aspiring astrophysicist and love everything space and physics related. Super glad to be here and connect with the Token Hunter community.
Natasha Bansgopaul: Sure, I’d be happy to! I am Natasha Bans for short, the co-founder at Konstellation and I come from a traditional marketing strategy, innovation, and M&A background working at fortune 50 companies. I also have my MBA and I love the world of fintech because of all of the new innovation and ways we can approach changing a traditional space! We have a lot of work to do but Konstellation is pushing the world forward with our approach to DeFi. We are thrilled to be here with this community!
Q2. What is Konstellation and its goals?
Sang H. Lee: Konstellation is a decentralized cross-chain capital markets protocol built on Cosmos. It is aimed to efficiently connect funds and the various components of the asset management industry with investors. Konstellation intends to be the financial services industry hub for Cosmos and other blockchain ecosystems through strategic inter-blockchain communications.
Q3. You also have your own token called “DARC” that’s under Konstellation. Could you tell us more about the DARC token?
Sang H. Lee: The Konstellation network is powered by the DARC token and Konstellation has its own dedicated digital asset interface wallet called Hubble. Through Hubble, users can manage their portfolios and stake and earn DARC. So, it is an all-in-one interface to access the DARC token economy.
Natasha Bansgopaul: We’re actively building the $DARC ecosystem to provide additional use cases for DARC and enhance value for all $DARC token holders and the Konstellation community at large! We’re always sharing updates and new news in our TG community, we’d love everyone to join as well -> https://t.me/Konstellation
Q4. What are some Konstellation’s ecosystems that help run the DARC economy?
Sang H. Lee: Different projects in the Konstellation Ecosystem are VegaX, Squid Squad OG, Taebit, and Hold my Ledger. We have a special focus on interoperability of on-chain assets and also different ways of creating value in decentralized ways. NFTs are a core focus as well because we know it will be a massive component of web3 and the metaverse.
Natasha Bansgopaul: Right now, one that is of special importance, is Squid Squad OG which Sang mentioned! Squid Squad OG is a really cool NFT project, where it’s the FIRST ever rock-paper-scissors, winner take all battle! More here on #SSOG — We love the squids! Squid Squad OG: https://squidsquadog.com/
$DARC has a key role in this project, welcome everyone to check it out!
Q5. What inspired you both to start Konstellation?
Natasha Bansgopaul: For me, it was about a different approach to rethinking digital assets and the opportunity to create a new foundation. The idea that fintech can create so many efficiencies and the power in blockchain that we continue to unlock, is really interesting to me.
Sang H. Lee: I was an investment banker and I had witnessed a lot of crises. Most of my professional experience was dedicated to the repercussions of the 2008 American recession, then the Eurozone crisis. The root cause of these crises was the significant amount of centralization. So we started working on deregulation and creating an infrastructure that would help people with asset management from the comforts of their own home.
Natasha Bansgopaul: As we continue to build in this industry and think about new ways of doing things, I am really excited about Konstellation’s future, because we are really thinking about how we can connect the important aspects of traditional capital markets with the future of DeFi — this is just the beginning and we are excited to keep building and growing!
Q6. What can we expect to see from Konstellation in the near future?
Sang H. Lee: We are continuing to build and innovate not only improvement to the technology, but ultimately to the end user. We already see that usability and the ability to interact with blockchain and web3 effectively will be the biggest hurdle. Just as the web browser was the first step for the web2 internet, we still have yet to discover the most exciting and dynamic interactions of web3. Entire social networks, economic systems and even political regimes will be transformed during this maturation process and we are building to support that. Decentralized exchanges are a key focus as well as different types of assets that will be created and shared in web3 through the continuously changing nature of NFTs. Additionally, interoperability is key in any efficient economic system and Konstellation will be the place where all investors can easily manage their assets across all different chains.
Natasha Bansgopaul: You can definitely expect to see more out of Konstellation and $DARC as the ecosystem projects continue to be launched and are activated by the $DARC community. We have a lot of plans this year that sets the Konstellation Network in a solid place for continued DeFi development.
The questions from community question part.
Q1. SquidSquad OG is an NFT Game presented by Konstellation Network, what is the mechanics of this game, what benefits do $DARC users get from this NFT Game?
Sang H. Lee: #SSOG is an amazing NFT gasification platform that allows players to compete with their NFTs and increase the value. Through a game of rock paper scissors NFT can be destroyed and increase the value. Also everytime a NFT is destroyed the prize pool increases like the Squid Game! It allows for a true asset value of a NFT based on earning ability and rarity.
Natasha Bansgopaul: A good way to think about it is, rock paper scissors + squid games + NFT amazingness = $DARC FUN and winner take all!
Q2. What’s the mechanism behind VEGAX? Why did you choose Cosmos?
Sang H. Lee: VegaX is an ecosystem project that’s designed to help investors more easily access the digital asset industry. The goal there is to also directly integrate the DARC economy through index investing and better portfolios. Cosmos SDK was chosen because of the ethos on interoperability and how we could co create a future that’s cross chain and seamless. The Cosmos community is amazing and collaborative and we are super happy to be a part.
Q3. What is the main use of the $DARC token and the main value of this token to maintain on your platform? Can you tell us the benefits of buying and storing it?
Sang H. Lee: $DARC is the token that powers the Konstellation Network. In addition to a stand alone asset with staking rewards it creates the infrastructure of investments that are interoperable for DEX systems, NFT, DAO creation. There’s significant long term growth potential as the ecosystem and direct use Cades continue to grow. We have more partners and contributors that are working with us to make the ecosystem more robust and exciting including investments in games, NFTs and other ways to invest in the future. The interoperable finance industry is with Konstellation.
Q4. Any fiat money may be converted into a stable currency with Alkemy. What technologies would Alkemy use to develop an omnidicurrency, and how trustworthy is this system?
Sang H. Lee: Alkemy mint is a synthetic staking system in order to create stablecoins for every currency. With a hybrid algorithmic collateral system investors using different fiat currency will be able to print stablecoins in their own local currency and trade with it. The system is designed to be self reinforcing and balances with other stablecoins so some of the collateral is in a stablecoin like USDC and the system collateral. As the system collateral becomes more liquid and bigger, the ratio starts changing. This means the more stability in the system as it grows and less risk.
Q5. I read in a Tweet that you comment that it is not necessary to have experience in the crypto market to make use of the services offered by Konstellation. Is this really so?How intuitive is your platform to use and how easy is it to handle for someone who has no crypto experience?
Sang H. Lee: That’s what we are really focused on. For example, Squid Squad OG is a game which provides direct value to the end user even without trading of the NFT. VegaX provides easy to understand portfolios even for non sophisticated traders and Alkemy makes things easy in local currency. The vision for Konstellation is to make it super easy to use. Even understanding different protocols and each technology is difficult for the average user and we need to make it easier and more efficient.
Q6. Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.
Sang H. Lee: Definitely, the vision is to make blockchain as easy to use as any other technology. Partnerships with financial companies and gaming uses cases are the primary goal for the ecosystem.
Q7. Ambassadors play a very important role in every project, Do you have an ambassador program? if yes please share it with us?
Sang H. Lee: This is one of the elements that we are focusing on actively for different communities and geographies. We will be announcing that program soon within our TG channel. We would love to have more participants for the community to work with us and earn while supporting the Konstellation ecosystem!
Q8. As a new small investor on cryptocurrency market and projects I would like to know if your project is just for elite investors or is it for almost anyone to join in ?
Sang H. Lee: We are open to all investors and interested in making it more widely accessible. Everyone will have a voice in the growth of the ecosystem and we welcome all participants!
End of AMA.
Let’s witness the future of Konstellation !
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