Project Anatha AMA Summary
On Friday, 9/25/20, Project Anatha CEO Edward Deleon Hickman kicked off a week-long series of daily AMAs with communities based in Vietnam, Turkey, Korea and more. We’ve selected the top themes participants are asking about and hope this will be a useful resource for our ever expanding community.
Before we start, please tell us a little bit about yourself?
Absolutely. I’ve been told that unlike most project leaders I am an open book and very outspoken. So if there’s anything you want to know feel free ask but the important things to know is that I bought my first BTC at 14 cents, have been involved full time in project deployments for over 7 years, and have been fortunate enough to be the CEO & founder of Anatha, a company dedicated to leveraging advances in information science to solve big problems, for the past 4+ years.
I am a die hard crypto fanatic and believe the technologies that make crypto possible rank among the most important innovations in human history. As such, I have sworn to dedicate my entire life to the propagation of these tools in the service of ending Structural Violence caused by economic oppression.
Can you briefly describe Project Anatha in 3–5 sentences?
Project Anatha is an economic ecosystem that emphasizes a fair and egalitarian distribution model to get more efficient economic outcomes. At its core you will find a Human Readable Address Registry which allows users to register a name for 12 months (@Human). This in turn becomes the system identifier for everything Anatha builds, most importantly it includes every user in the global rewards program which distributes 50% of all platform activity (including transactions fees, token swap margins, Human readable Address (HRA) registration fees, and more) back to end users in real time. We call this feedback loop the Anatha Torus and it is the hallmark of our designs.
How are you different to competitors in market?
Unlike most projects we’ve actually built most of what we are describing before going to market. I think that’s a key indicator of the seriousness of our approach. That said, the key driver for both myself and my team is our ETHOS. We believe that the advent of non-national digital money opens up an entire universe of possibility, as value is multiplied in the newly emerging information age economy we must ask ourselves where that value should go. At Anatha we believe the answer is obvious, back to the very people that are using the ecosystem. In this way we seek to create a positive feedback loop with users that will be good for the ecosystem while also combating poverty. We can in effect turn poverty into a disease we’ve cured leveraging advances in information science. The power of non-national digital money makes that a very real possibility for the first time in human history and Anatha is seeking to be a first mover towards that goal.
How does your staking mechanism work?
As a delegated proof of stake network users can stake extremely easily in the app. What’s more we’ve gone a step further and eliminated the attack vector that occurs when one or two nodes receive an off sized portion of the delegation by instead creating a shared delegation pool.
No longer will users have to look at a strange list of available nodes and try to figure out which one is best, instead they simply activate the “savings” function in the Anatha Nexus app (this is the dashboard which houses our wallet functions) and delegate to the entire pool of available validators simultaneously.
In this way we reduce the risk of a cartel forming and at the same time VASTLY improve the user experience to the point where anyone can stake and unstake with the push of a button.
What are the milestones of success that the ANATHA? Team has achieved so far and what are some of the things we can expect?
We have an alpha build of the Nexus (the app which houses our wallet) and a working HRA system that will go live as soon as we begin our sale. Beyond that you can expect chat, social, and content sharing functions to quickly follow via an internal project called “Project Blockparti” as well as a whole suite of atomic swap, DeFi based tools that you will be able to access directly from the Nexus (this is Project DeFiance).
Suffice to say we’ve got a lot underway but have already raised enough capital to complete our entire roadmap. This next phase we will be focusing on deployment and adoption because ultimately we can’t do it alone. So expect bounty programs, hackathons, and live events that you can only access with Anatha tokens and an HRA in the very near future.
What are the specific technologies and strategies of ANATHA that make you believe it will be successful and what does ANATHA plan do to attract more users in the upcoming time?
Well one of the interesting things about leveraging open source technology is that generally speaking, all competitors will have “best in class” and even if we didn’t we could easily migrate to whatever new flavor of the month network architecture has emerged. That said, the Tendermint protocol allows for a very fast network having been tested up to 1000tps so the ceiling on our design’s ids very high. What’s more is with a layer 1 relay network we can push the transaction capacity as high as our network demands without changing the protocol at all.
There will always be a newer shinier protocol to play with in an industry as fast moving as ours so the real game changer is our ETHOS. Never forget that at the end of the day, you are still giving money to PEOPLE. It actual people that build these things and I would say we’ve been giving a LOT of money to the WRONG people for most of this industries history.
There is nothing more powerful than a group of humans with genuine purpose and at Anatha we are on fire with purpose.
That said, an ethos alone cannot carry the day so we have a number of tools and strategies planned to drive users into our ecosystem. On the analogue side we will have in person, highly targeted events globally that you can only access if you have an HRA. While on the other side of the equation we will have self-propagating tools living on the network, such as an automated affiliate system that allows anyone to make money by marketing Anatha directly with the network.
We will of course do everything that a crypto project should do such as bounty programs, hackathons, and the more standard industry events but the magic sauce is what lives on the network.
What makes Project Anatha stand out more than the projects in the same direction at the moment?
The area in which I feel most proud is our economic design. If you look at the top cryptos in the world you’ll discover that almost all of them use the same economic model. 100% of newly created tokens goes towards one purpose, maintaining the network. This is all well and good, but its a bit like designing an economy and only investing in roads. We must also consider ongoing development, user adoption, and user engagement if we want to avoid the attack vectors that other networks have proven prone to (IE: the developers of most projects have a shrinking economic incentive to continue to support the projects they launch).
in that regard, Anatha is far more innovative and thoughtful. We’ve created an elegant distribution model that includes 50% of all economic activity (including trasnactions fees and the token inflation) to go back to anyone in the system who has registed a Human Readable Address (HRA) with the network. This creates an environment of shared economic incentives that will prove very useful once we are at market.
This makes the Human Readable Address Registry the centerpiece of Project Anatha and will be the first stage in developing what we call “meaningful economic inclusion” and inch us one step closer to real “digital personhood”.
One aimed at helping others by creating a self sustaining, information based, universal income for all users in it’s ecosystem.
Who are some business partner/clients for Anatha?
We have quite a few strategic partnerships either signed or underway right now. We won’t have time to go into all of them here but one of the more exciting will be the deployment of a service called “Gane” that will provide phone service and wireless data to users in exchange for their attention and engagement. Our plan is to deploy this system using Anatha’s technology and to plug it in to the Project Anatha Torus. This means that Gane users will not only have free phone service but also gain access to our entire economy which will begin streaming them small amounts of Anatha on a regular basis. We expect roughly 25mil users in the first 18 months from this strategic partner, which would instantly make our wallet interface the most user crypto wallet in the world today.
Even bigger than Gane would be our strategic partner Sentient DB which provides data base services to some of the worlds largest non-profits. At 250mil+ users the completion of this deal would put Anatha at the top of the industry for an extended period of time, with one deal alone.
I am perhaps most proud of our relationship with the Buckminster Fuller Institute through which we plan to leverage Project Anatha’s infrastructure to funnel value into the numerous non-profits the Buckminster Fuller institute supports.
I would go further but many of the deals are either underway or too early to discuss further but hopefully you can see that we have a lot going on. I will say one last thing, there is a small European nation whom put our plans into their roadmap for transforming their central bank into something more modern and exciting. That is a project which would easily change the world for the better, all by itself, all made possible by the the Project Anatha platform.
What are the ways Project Anatha profits or revenue to maintain your project and what is its revenue model? How can it benefit investors, partners, and your project?
Buy pressure is created by demand for HRAs and other services built into the network. Since HRAs are subscription based (lasting 12 months) this buy pressure will be consistent and long term. When coupled with the DeFI tools we plan to roll out in the coming weeks and months this will create a healthy, cyclical ecosystem that will support price long term. Most importantly we intend to peg each Anatha token to the value of 1000 views in our attention economy, which according to current market rates is valued at roughly 1 US dollar each.
That should be enough to make anyone happy.
What is the design model of “self propagating systems”? Why are you calling this “self propagating systems”?
Self propagating systems are simply systems which allow themselves to spread with no further assistance other than the internal mechanisms designed.We have an MLM like marketing system that is managed by the network, meaning people can become paid marketers of our system without having to ask anyone for permission and without having to trust that anyone is actually going to pay them their rewards.
What is the uniqueness of your project that cannot be found in other project. that’s been released so far? And how the demand of the token will increase in the future? or what steps would you take to increase the demand?
Our human readable address combined with our economic torus is unlike anything the market has seen yet. As I said in an earlier answer, our industry suffers from a lack of creativity around economic design, most of them simply blindly following the path that was set down by Bitcoin in 2008. There is ample opportunity to improve on those designs and Project Anatha is one such example.
What is the team’s orientation and development plan for 2020 in the Defi region, why do you think Defi, this immature term, has a future? What results do you expect to achieve?
We plan to have integrated liquidity platforms (both COSMOS and ETH based) that will connect directly to the network, allowing a steady flow of tokens both in and out of the liquidity markets in a way that is seamless and fluid.
Where do you profit from the ANATHA platform? Is there a reserve of funds to balance the price of ANATHA tokens?
Great questions. Project Anatha reserves 25% of all economic activity into a dev fund. For the time being that fund will be controlled by my team but in the future HRA holder may vote to have it diverted to another team or simply eliminated altogether allowing another 25% to flow back to the user base.
In this model, its on our best interest for Project Anatha to succeed long term as the amount of value flowing from the contract of a successful economy will always be far greater than any reward we can generate short term.
What is the difference between traditional Staking and VIP Staking? What are the needs to be part of the VIP program?
Traditional Staking can be done by anyone as long as they have Anatha in their wallet. Above that though will be signing up to be a network validator which will require 500,000 Anatha and 1 HRA but will include a significant portion of the overall economic rewards the systems puts out everyday.
Can you give me 1–3 killer features about your project to convince me and other big investors to invest in $your project for Long-term?
The HRA, the economic Torus, and the *buy back feature built into the network* meaning there will be a “buyer of last resort” for every Anatha token in circulation.
There are not many projects operating to lock the tokens of the team and the liquidity fund during the UNI list, what advantages and disadvantages does this create for the ANATHA project?
At Anatha we are very sensitive to “fairness” and want to always be operating from a place of honor and integrity. We DO NOT want to continue the bad practice most projects have of extracting value from their user base in exchange for short term gains. This is, in my opinion, a very stupid thing to do as the upside of running a well managed, fair ecosystem is SO GREAT that the short term gains begin to look like peanuts by comparison.
So it’s in both Anatha’s best interest and our users best interest to get into harmony around these matters by creating scenarios in which we all reap the maximum benefit. The only way to do this of course is to be willing to give a great deal away to our user base. This includes not extracting value from the our UNI listing in such a way that it damages token price and in turn damages both our users and Project Anatha’s standing in the market.
We are fortunate enough not to need short term gains which means we can aim much, much higher and think about building an ecosystem that grows to enormous size while serving an ever expanding user base. This is what Anatha is after, no a few million USD worth of ETH in the short term. If that was the case, we would simply retire now and walk away. Instead, we are focusing on fulfilling our lifes purpose and there is simply no amount of money you can tempt me with that will make me give up on that central focus. I am already wealthier than I ever imagined I’d be, we simply don’t need more, which allows us to do things other projects cannot.
I see the words like this on the website of ANATHA : “Over 3 billion people live on less than $ 2.50 a day. 1.7 billion people remain unbanked. “ So what is the role and direction of the ANATHA to change this situation? How long will that contribution take place?
Our mission is to create a *self sustaining, information based resource economy* that will function as an automatic universal basic income in *perpetuity*, meaning this process doesn’t end. Once we’ve crossed the threshold of 2.50 per day, per user our goal isn’t to stop there, but to continue on to see how far we can raise that bar. Most people don’t realize how much money is locked up in the global markets… not billion, not trillions… QUADRILLIONS in value flow are being held behind closed doors by large institutional players via the derivatives markets alone. Our goal is to un-stick all of that value and get it back moving through our actual economy, meaning into the hands of actual people who will spend it.
We cannot get banks and large institutions to play fair and enrich the very people they have spent centuries exploiting. We can however build systems that compete with the existing paradigm and in doing so will create enough wealth to ensure no one in the Anatha economy goes hungry. That is our mission, written to code, and made manifest by Project Anatha.
The economic torus is the mechanism which makes it all possible.
I swear to each and every one of you, this is not a goal we will stop pursuing and just as importantly the pursuit itself will enrich everyone involved. That goes for the team at Anatha and all of its early supporters. This is my lifes purpose and I look forward to proving to each and every one of you exactly how earnest and sincere I am when I pursue this purpose.
What do you think will be the biggest challenge ANATHA in the future? How are you going to solve them?
USER ADOPTION, USER ADOPTION, USER ADOPTION. Once you have capital, development simply becomes a matter of time/energy but user adoption is an entirely different ball game and one we take very seriously. Hence we will be doing everything I highlighted in the answer above but FAR more aggressively and tastefully than any crypto project has done in the past. By leveraging our ethos to end poverty once and for all we can open doors other crypto projects simply cannot touch and we can do so in such a way that will draw a global audience to our door step.
The time has never been better for radical solutions that are already in the market and in that regard Anatha stands alone.
Can you share us about ANATHA token’s function and use cases? Can users earn rewards by Staking / Mining? If yes, can you share more information about it?
Hopefully I’ve outlined enough use cases above such as HRA registrations and Ad Engine views but staking is another thing worth unpacking. In order to be a network validator a user must have two things: an HRA and 500,000 Anatha. Aside from that network validation rules are heuristic, meaning the most well behaved nodes with the most uptime stay at the front of the line. There is a slashing mechanism for anyone trying to be cute just like there is on the Cosmos network.
In fact Anatha was designed to be a Hub in the Cosmos ecosystem so staking will be very similar except we’ve eliminated the need to stake to an individual node and cut the un-bonding time down to 7 days, which we feel is much more reasonable.
Being a validator gets you an equal portion of token distribution from the token creation contract, meaning half of all newly created tokens are used to secure network infrastructure. This will allow network operators to accurately predict their reward schedule while creating a steady flow of returns.
Our team is scheduled to publish more detailed instructions on becoming a validator very soon but in the meantime you can learn more at:
https://project-anatha.gitbook.io/anatha-documentation/technical-specifications
To learn more, please visit Anatha.io
