Avalanche-India
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Avalanche-India

Recap of AMA with Kyte.One on Avalanche India

On the 19th of January 2022 @ 7:30 PM IST, An AMA session was held on Avalanche India official Telegram group with COO, Chandra Singh and Head of Marketing Omar Salim from Kyte.One. Below we present to you an excerpt from AMA with questions and answers. It was wonderful and very informative, Enjoy reading :)

Twitter Questions

Kuen Shahi | Avalanche

Here we go with Question #1 by @SidMh4

Kyte is a complete ecosystem of multiple tools aimed at regaining control of your finances. So can you tell me about the tools that Kyte One offers and How these tools can help both crypto and traditional users regain control of their finances?

Omar Salim | Kyte.One

Indeed our Kyte.One will be a complete ecosystem with multichain support but primary chain being Avalanche. Now with regards to finances, regaining the control of finances is the essence of blockchain and each of the platforms on blockchains are trying to achieve it in some or the other way. Similarly, we too aim to do the same.
Our platform, as well as our roadmap, is specifically designed to include the community. For instance, Our Gamified growth platform AirLyft can be considered like an escrow service, basically so we know organizations won’t go back on their word after the users participate

Users can do activities, learn about participating organizations & win free tokens/NFTs through the growth tool.

Organizations can market their new crypto project to real people in our ecosystem and finally…

Developers can participate in grid bot battles to earn handsome rewards 😎

Kuen Shahi | Avalanche

Question #2 by @Growithjack
Can you plz give me a brief introduction about how @kyteone works? I read in the litepaper that #kyte has four market types, and one of them is grid bots. What are grid bots? Can grid bots help the users to make profit even when there is fluctuations in the token?

Omar Salim | Kyte.One

At Kyte, we are building a suite of gamified, fun DeFi applications. We currently have a few applications in the roadmap. Kyte aims to build a growth platform for organizations, a bot engine for developers and a bot battle platform.

With Kyte’s growth platform (A great tool to win free airdrops without losing money), organizations can create gamified airdrops and let users do certain tasks (answer questions like “When will Kyte launch?”, share on Twitter, or literally anything) for free giveaways of tokens, coupons, or NFTs!.
We are also building a bot engine & a bot battle platform .

Unique Points of the Project: Our platform, as well as our roadmap, is specifically designed to include the community. Our Gamified growth platform is also like an escrow service, basically so we know organizations won’t go back on their word after the users participate 😇😇

And as mentioned previously;

Users can do activities, learn about participating organizations & win free tokens/NFTs through the growth tool. They participate in high yield markets by predicting the future value of assets or which bot will win

Organizations can market their new crypto project to real people in our ecosystem and finally…

Developers can participate in grid bot battles to earn handsome rewards

Kyte Bots will be very different from any other bots you find in the centralized exchanges or somewhere else. These bots will first go through the bot battle platforms and compete against each other to actually make some good profit.
Only the proven, battle-tested bots, will then “graduate” to the bot engine where they can be then used by users for themselves.

Kuen Shahi | Avalanche

Question #3 by @A_man250

@kyteone has additional features that other defi protocols usually don’t have . So what have you done to make your platform more user friendly for users who are not aware of terms like bot battles?

Omar Salim | Kyte.One

Thanks for this awesome question. Every platform we have developed until now has been developed with utmost love and care and the way we have moved forward with the structuring of “AirLyft” is quite different from what we did with our other platforms.

To be very frank, we have spent enough time trying to understand and take feedback from community members as to what all functionalities a particular user would want if there is a platform which can be one stop for their growth hacking need. Post a thorough research and idea validation, we moved forward with the architecture design with a lot clearer mind giving us exactly what needs to be in the platform and where it has to be placed.

While this is just from idea validation point, we have developers and product managers onboard with us who has more than 8+ years of experience writing enterprise level codes and design. As a wise man says, Experience triumphs all, with all the experiences onboard, our each bright minds develop the product thinking about how users want it and not how we want it. All our features are self explanatory and we also provide step by step guide for a clearer explanation on each our functionality.

Kuen Shahi | Avalanche

Question #4 by @Ivin38

How is gamified airdrops different from the typical airdrops? Can you explain how gamify airdrops actually work?

Omar Salim | Kyte.One

The gamified growth platform aims to become a one-stop shop for all sorts of giveaways, airdrops, and free allocations. Be it a token airdrop based on some question about the company, an NFT giveaway or some other coupons. This would be a game-changer in the industry since it will give users an incentive to partake in. Airlyft will play a very important role in the kyte ecosystem. Some of the noteworthy points that the platform aims to solve is as below.

Conducting AMAs is a pain you would know 😄 .. And also airdrops are filled with bots so real users don’t get enough advantage.

Startups can use the platform for creating AMAs, conducting airdrops, and distributing funds in the end as part of an ‘escrow’ service. — all this without being afraid of Bots spoiling the rewards for their community

Users can take advantage of the platform by participating in these free giveaways, but being ensured that if an organization is hosting something through our platform — they have already locked the tokens that need to be distributed.

So it’s a win-win from both the sides 😀🪁

The best part would be that we can STILL use Telegram / Twitter (Discord in the future too) along with our platform to make sure that the community is involved and they don’t have to ‘migrate’ to some other platform.

Kuen Shahi | Avalanche

Question #5 by @AshaVaadi

A great community is necessary to keep any project vibrant ,alive and bring innovative ideas. So how #kyteone project planning to build its community?

Omar Salim | Kyte.One

Thanks for your question. Our group of investors are from diversified portfolios and using their community, KOLs and connections they can provide, our community is really going to be strong.

With each investor community, we target a specific region and that has proven for us to be one of the great strategies in community building. Personally, we are reaching out to famous influencers from each region to make a difference. Now, for the engagement part, our token utility list as shared earlier is very large.

We are not jump compatible for users who are here for trading but we are going to be a perfect platform for any existing and upcoming project in DeFi space. Our growth marketing platform and our developer platform is gonna be very helpful for every user segment.

Please take a look at our roadmap where each release increases users engagement on the Kyte platform.
For the community we also did a private sale before the actual IDO for them to take part in.

Telegram Questions

Kuen Shahi | Avalanche

What advantages do @kyteone have over other similar projects and what makes @kyteone a long term sustainable project

Omar Salim | Kyte.One

Well, the biggest advantage we have is our team. We have 5 developers — all senior engineers / architects. An ex-COO, and a well experienced marketing guy.. We are
1. Fully remote (India + Germany + London)
2. Fast, agile and
3. Experienced (8–10 years, for every team member)
and..
4. also friends since more than 5 years — already established platforms together!

Apart from this, our flagship product AirLyft is a unique combination of a centralized-decentralized technologies maing it fast as well as trustles

Kuen Shahi | Avalanche

What about the security and privacy of your technology? Can you talk about the audit of your project and which company audited your Protocol?

Omar Salim | Kyte.One

As mentioned earlier, the developer team has an extensive experience of almost 8+ years in developing enterprise level products and the experience speaks for itself. These bright minds have been working day and night to make sure they cover each and every single use cases and corner case that could lead to any issue. Hence the code written here in developing platform is secured to its best. And yes, we will get this audited from Certik or any top auditor in blockchain ecosystem as soon as our beta launch for AirLyft is done.

Kuen Shahi | Avalanche

As a marketing platform, how AIRLYFT playing important roles within #kyteone ecosystem do they targetting specific consumers?

Omar Salim | Kyte.One

The gamified growth platform aims to become a one-stop shop for all sorts of giveaways, airdrops, and free allocations. Be it a token airdrop based on some question about the company, an NFT giveaway or some other coupons. This would be a game-changer in the industry since it will give users an incentive to partake in. Airlyft will play a very important role in the kyte ecosystem. Some of the noteworthy points that the platform aims to solve is as below.

Conducting AMAs is a pain you would know 😄 .. And also airdrops are filled with bots so real users don’t get enough advantage.

Startups can use the platform for creating AMAs, conducting airdrops, and distributing funds in the end as part of an ‘escrow’ service. — all this without being afraid of Bots spoiling the rewards for their community

Users can take advantage of the platform by participating in these free giveaways, but being ensured that if an organization is hosting something through our platform — they have already locked the tokens that need to be distributed.

Kuen Shahi | Avalanche

What are your marketing strategies and how do you plan on implementing global adoption? How do you intend on getting more users, community and investments from all parts of the world including non-English speakers and communities?any ambassador or refereal program?

Omar Salim | Kyte.One

Firstly, we want to make sure we use the best from all that is available. Hence the first checkpoint is to get help from all our seed, early and private investors. They all hold diversified portfolios and using their community, KOLs and connects they can provide, our community is really going to be strong. With each investor community, we target a specific region and that has proven for us to be one of the great strategies in the community building.

Secondly, we are doing our in house marketing and the results are awesome. The community has been growing organically and this is what the best part is. We also shortlisted members and whitelisted them for our private sale and the result is phenomenal.

Thirdly, we would be doing our IDO from one of the best launchpad in the Avalanche Ecosystem and that is going to give a hugh push with legit KOLs, community members onboard.

Finally the platform AirLyft as mentioned earlier is structure and designed in a way where each member of blockchain community, be it individual members, KOLs, Influencers, VCs, Launchpad, be it anyone, all can use this platform to earn incentives. This gives them the motivation to use our product further

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अवालांच डिसेंट्रलाइज़ड फाइनेंस ऍप्लिकेशन्स और एक इंटरऑपरेबल, उच्च स्केलेबल पारिस्थितिक तंत्र में उद्यम ब्लॉकचेन की तैनाती के लिए एक खुला स्रोत मंच है।

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