CryptoCricketClub AMA Recap (25th July, 2020)
🔷 CryptoCricketClub AMA Recap🔷
We organized AMA successfully with CryptoCricketClub team on 25th of July, 2020 in our telegram community group .
Thank you to Prateek Gambhir for answering all the questions & for choosing Crypto Bharat for AMA. We look forward to collaborating more with you in the future.
Questions were submitted in our announcement tweet here — https://twitter.com/Crypto_Bharat/status/1285957786518470657 and questions were also asked on telegram by our community members.
Following is the transcript/recap of the AMA.
√π:
Good evening everyone, I am a founder of this community (@MintingGod ).
Before we start AMA session I would like to introduce my group those who joined recently for AMA Session.
In our group we have full of crypto enthusiast and we have also some Indian Stock market traders and Forex trader too so our group covers all enthusiast to talk freely and share their views and Ideas on Market.
Our website (www.mycryptobharat.com)
now let’s begin the show, and for that I’d like to invite our one of the Administrator of Crypto Bharat Traders Community to host this AMA session please most welcome to Mr.Pranav AKA (@junkievirus). 🚀
Junkie Virus:
Namaskar Everyone, Thank you @MintingGod for giving me this opportunity to host this exciting AMA.
Now let’s slide through the rules for tonight’s AMA
✓ Before we begin, Some basic rules for the AMA for our Community:
• Group will be muted in between for the entire duration of the AMA. We will open the group for few minutes in between for taking in the audience questions.
• Only 3 questions allowed per member in community round and please do not repeat those questions multiple times
• Please be polite, don’t spam link and enjoy the AMA
• Please don’t post support queries when the group is open to the questions.
• Please ask questions related to the Crypto Cricket Club only
• Please join @cryptocricketclub_official group for eligibility to participate in this AMA, if anyone didn’t join before Winners announcement get disqualified.
So guys wait is over, Tonight’s our guest from @cryptocricketclub_official, Please most welcome to @PrateekCryptocricketclub.
Please give us a short introduction of yourself ( What is you occupation there? and how much experience do you have with cryptocricketclub ? )
Prateek Gambhir:
Hello everyone..
Junkie Virus:
Welcome to our community
Prateek Gambhir:
I am prateek gambhir, thank you for having us here…I am the CEO of Crypto Cricket Club…I am mass comm graduate and have been involved with several business ventures in hospitality but gave up on fiat post demonetization and have been trading crypto actively since then..
Thank you so much for inviting me to interact with your community…Its an honor to be here
Junkie Virus:
It’s our pleasure
Prateek Gambhir:
And as for Crypto Cricket club it is just 40 days old organisation so cant say that i have a huge experience in it…But i have the required knowledge to run a fantasy sports business and how to blend it perfectly with crypto without alienating the ordinary fantasy sports players..
Junkie Virus:
Well that’s quite an introduction.
there gonna be 3 rounds
1. Admin Q&A Round
2. Twitter Q&A Round
3. Community Q&A Round
Now time for round 1,so let’s begin the Admin questions round in this there’ll be best 3 question chosen by our admins and to ask that questions I’d like to invite one of our highly knowledgeable and most decorated Admin of Crypto Bharat Traders, please most welcome to Mr. Harshad (@Tiger7)
Prateek Gambhir:
Sure…Lets begin..
Harshad Wagh:
Thanks a lot Mr Perfectionist @Junkievirus for the wonderful Introduction. ALready so excited to be a part of hosting this session as it included cricket and crypto!!! What could be more exciting than this
Great
This time we will have this AMA a little different with respect to admin round 😉
As you have already introduced about the Crypto Cricket Club, I will ask questions a little “out of the stadium” way.
Here’s the first one:
Q1] When and how did you got the idea to create this Blockchain Predicated Cricket Fantasy Sports Platform ?
Prateek Gambhir:
Well I was in touch with technoloaders for quite some time to develop a restaurant review app which will reward its users and blah blah blah, but then sudden ban on crypto by Indian government flushed it down the gutter…And then like any other Indian I was involved with Dream 11 for pretty long and also trading crypto simultaneously, I had no idea that technoloaders have been developing fantasy sports app, then one day I just went on their website as I was referring them to one of my friend that’s when I got to know that they are into fantasy sports app development as well and it was in that moment that I decided I will be doing something connecting these two worlds
Harshad Wagh:
Wow that is very inspirational Sir.!!
Prateek Gambhir:
Thank You…
Harshad Wagh:
So my next question is:
Q2] How was the experience in constructing the team and then managing initial investment for project development ?
Prateek Gambhir:
Initially it was just me and my idea and technoloaders ready to develop it for me, then I spoke to my friend in Dubai he joined immediately as we both share the passion for cricket and cryptos, the rest of the team I met in the due course of development, I don’t know them personally we met online then they all went through KYC process and then rest of the official stuff, but now its closely knit family working together to get this business running and for Initial investment I have been trading for last 3 years whatever I made out of trading I kept it aside, it was roughly $20k and every one told me it won’t be possible in this budget, but thank god I dint listen to anyone and today we have a vibrant community and good backup to complete the development and get this thing running.
Harshad Wagh:
Oho this project has Dubai connections as well, we hope you also get as famous as the ICC organisation which have their headquarters in Dubai as well if I am not mistaken and be the mecca of fantasy blockchain circket.
That was really an interesting scenes that happened behind the construction of this project
Prateek Gambhir:
Yes sir…Our Financial Advisor Mr Srijeeth R Pillai is from Dubai, he is into corporate sector but he could not say no to cricket and crypto..
Harshad Wagh:
I can feel the excitement as much as our whole country has towards cricket!
Let’s move on the last question of admin round which I am sure everyone would be interested to know about:
Prateek Gambhir:
sure
Harshad Wagh:
Q3] Can you tell us in which stage the Crypto Cricket Club project is at present.
Prateek Gambhir:
Well we have been over delivering as per our road map, and I like the way we are progressing, to be honest with you our app is ready and wallets and everything is also ready just going through a testing phase before we let community test it and then finally launch. Staking goes live by the end of august followed by platform launch before IPL, its all the hard work of technoloaders, they are a Pvt ltd company located in jaipur and they have team of developers working on several projects from across the globe. I know them for quite some time so its easy to extract some extra favors with out over extending our budget.
Harshad Wagh:
We are glad to know that the project is follwing the roadmap as planned and progress is commendable. As a cricket frenzy nation we can’t wait to get staking live before IPL making the fun to double the dose!
Prateek Gambhir:
Well thats exactly what we are aiming for..
Harshad Wagh:
Thanks a lot @PrateekCryptocricketclub for hitting the questions out of the park by your intelligent and honest answers!
Prateek Gambhir:
Thank You so much for giving me this opportunity..👍
Harshad Wagh:
I would now ask @Junkievirus to take over this !
Thanks again for the opportunity team Crypto Cricket Club
Junkie Virus:
Thanks @Tiger7 for joining admin round and making it more exciting
Let’s move on to the Twitter Round and to put those top 5 lucky and best questions here I’d like invite our community’s most loved, reputated and humble Admin of Crypto Bharat Traders Community, One who is good with both crypto and stocks too, So Please most welcome to none other than Mr.Anish AKA (@rektpleb)
√groot:
Many thanks to @Junkievirus for welcoming me.Your exceptional act of kindness shall never be forgotten.
Now, lets have some interesting twitter questions.
Q.1 Crypto Cricket Club is Blockchain Based Cricket Fantasy sports platform. Why you chosen cricket game for your platform? Why not other games like football, tennis etc? What is the reason behind choosing cricket?
Prateek Gambhir:
Sure
As I have stated earlier this is not a project or some revolutionizing technology that we are trying to develop , its a business model and business models are made keeping in mind the taste and culture of your strong hold areas, and for India cricket is a religion and on top of that we are seeing a favorable outlook of government towards cryptos as well..Our focus is cricket and who says cricket is only famous in India, it is the second most watched sport after football….
√groot:
Now for the next question indian crypto cricket community is pretty much exicted. !
Q.2 We know that Cricket is only popular in India. What will CryptoCricketClub do to expand the market to the worldwide fans, especially for the country that almost didn’t know Cricket like Indonesia?
https://twitter.com/Kvindvr/status/1286720943289638912?s=19
Harshad Wagh:
Wow that’s so true and very interesting statistics Sir.
Prateek Gambhir:
Honestly cricket is not just famous in India, its famous in complete Indian sub continent, parts of Africa, Caribbean, England, Australia & New zealand, its a big enough market to start and for the rest of the world we are majorly targeting crypto community with interest in cricket, we can’t sell this product to someone who has no knowledge of cricket they might be interested in staking might invest in it for gains but the passion that we have for anything related to cricket can’t be compared to that..For eg i don’t follow football but i am invested in CHZ as i find that business viable in Europe so if they succeed i make money…People outside cricket playing nations will have to judge if this is a profitable business model or not..
Harshad Wagh:
That explains a lot. And sports knows no boundaries! whether it’s cricket football or hockey, they have fans all over the world!
√groot:
Well explained. 🔥
Prateek Gambhir:
Exactly we have so many NRIs living abroad and this number alone is in MIllions..
Junkie Virus:
I’m not a big fan of cricket but I like your business model
√groot:
Q.3 As crypto users we don’t want to lose our assets to some scam projects that run away and disappear with our money why should we invest in the cryptocricket_c as a long-term investment?
https://twitter.com/PhamHuo01951923/status/1286710956303634433?s=19
Prateek Gambhir:
Thank you sir
Well people lose money by investing not just in crypto but every investment related opportunity has its own risk factors, we have seen the biggest investment firm fail just few years back, so there is always a risk involved and as for scam well I have been in crypto for few years now and there are better ways to scam then what we are doing…We have not reached even 100k cap and we are talking about delivering product, problem is in crypto whenever we see a small project without any backing from bigger players we think its a scam but on the other hand we look for normal public to adapt crypto that is only possible if small business players start implementing cryptos related things in their work model…At the end of the day its a free market and you are free to invest or not invest that’s why we always say DYOR my friend…..
Harshad Wagh:
Haha golden words Sir DYOR.
And agreed that small projects are often looked down upon without backing, but it’s where the power of crypto community as you mentioned lies in backing up the projects which we feel for.
Prateek Gambhir:
Honestly we thought we will struggle to make it this far but the kind of response we have received till now is surprising and encouraging for us as well..
Junkie Virus:
TBH cricket fans are crazy in India
Harshad Wagh:
Yes i guess the intentions of your project and the people that are invlolved play an important part in this. And we already saw how capapble team you have and the way you carried out the project it shows the hardwork of the team and dream to fulfill the promisses.
On this part i will ask the next twitter question:
Prateek Gambhir:
yes we are…
Harshad Wagh:
Q.4 what is the problem that cricket sports are facing right now and why did you choose blockchain as the answer?
https://twitter.com/ZadeAkesh/status/1286949568442060800?s=19
Prateek Gambhir:
I am not solving any problem that sports of cricket is facing or might be facing, I am just trying to set up a borderless and crypto supported fantasy sports platform for cricket fantasy sports & crypto enthusiasts to have some fun..Currently there are no fantasy sports platform that support cryptos and hence most of them miss out on potential International clients, thats where we step in with a solution..
Junkie Virus:
yes, for globalization, crypto is best application out there in market
Harshad Wagh:
Awesome! Letting the international userbase to taste the world of cricket and investment alike, you have not only solved the issue but also paved a way for the international community to gather interest in fantastic sport of Cricket!
ICC and BCCI should actually thank you for providing this opportunity across the world.🔥🙏
Moving to the last twitter question:
Prateek Gambhir:
Thank you for your kind words..
Harshad Wagh:
Here’s the last and one of the lucky participant’s question:
Partnership and community are the key to the success of projects, can you tell me how #CryptoCricket will expand the partnership and which markets will #CryptoCricket focus on?
Twitter Link
Prateek Gambhir:
Honestly its too early to talk about partnerships, we have been approached by few mediators and some group of investors but we have decided to go independent in this regard…Our focus is to develop the project, get users and then we will start exploring this idea of getting into partnerships…Running a fantasy sports is not that big deal, if you have a group of 2000–3000 players, it is good enough to generate good revenue for a small organisation..And for marketing we have several BTL activities planned across India and other countries which have good IPL viewership, we will also implement referral programme as we have seen it to be very effective in Indian market in the past, we are also in touch with couple of youtube celebs of our country for promotion, these strategies will be implemented in the due course of time…And for crypto community we are already being promoted by the best in the business..
To begin with our focus is completely on Indian market and later on we will look for other opportunities…
Harshad Wagh:
First of all thanks for the complement in a wonderful way.🤗
The plans and the approach really sounds so impressive and I am sure the team will leave no stone unturned and this project will be one of a rarest gem 💎 to come out of the crypto mines!
Prateek Gambhir:
Thank you so much for hosting us, its our first interaction with Indian community and we are honored that it was through you guys..I really liked your approach and professionalism..
Harshad Wagh:
Thanks to your team for gracing us the opportunity to host he AMA for our users.
And on top, This AMA is turning out to be such a great one with the perfect smart answers and then cricket is involved, what cant we expect.!! Interesting match till the last ball.
Junkie Virus:
it’s not over yet, real fun is gonna be in the community round
so are you ready guys
Prateek Gambhir:
Well lets go for the final over then..
Harshad Wagh:
Haha brace youself Crypto Cricket, you will be facing lots of bouncers yorkers and spins from the community 😉 !!!
Prateek Gambhir:
Well we are ready and well prepared for it..
Junkie Virus:
Let’s make it even more exciting round, so are you ready guys to slowdown everyone’s phone from flooding the questions. Please throw your question with rules in mind.
So I would like to invite all our community members to participate in this community round.
I am Unmuting the group now,
Let’s go………..
( Group was unmuted to accept questions from the community. Our community members submitted a record 1100+ questions for CryptoCricketClub. Wow! )
Junkie Virus:
phew…
√π:
Over to you @PrateekCryptocricketclub 🚀
Junkie Virus:
@PrateekCryptocricketclub I’ll leave this matter in your hands
√π:
That’s amazing guys 🚀 👏
Harshad Wagh:
Thanks guys for the overwhelming record breaking session of questions !
I am sure Crypto Cricket will conquer this total 😛 and come winning with many overs and wickets left.
zafer metin:
What is the main difference of Crypto Cricket Club from traditional platforms working in this field?
Prateek Gambhir:
Well other traditional platforms are limited to only the country of their origin, players leave a financial foot print while using these platforms, game is not played with fairness, its always in the favor of platform…They usually manipulate their data and on top of that payment systems are too slow and traditional, with introducing crypto in this sphere we are eliminating all these problems..
Vario III Chan:
Many project start with existing blockchain like erc-20, then updating by making mainnet at the end build their own blockchain, is there any plan to built $3cs own blockchain!?
Prateek Gambhir:
No sir usually most of these projects need a blockchain thats why they do it…We feel its better to use Erc20 token because of its smart contract feature and because of existing reliability that it has developed over the period of time..We dont need our own blockchain our focus is to tokenize the fantasy sports and make it more community oriented.
Vario III Chan:
How to do transaction in “Online Cricket Collectible Marketplace” how will the payment system works?
And how to ensure the transaction transparency!?
Prateek Gambhir:
All the payments and deposits made crypto cricket club platform will be converted to the current value of 3Cs, everything else will just act like a collateral, and as 3cs is an Erc20 token there is no manipulation possible as it can be easily detected via etherscan if we try to inflate manipulate the deposits or withdrawals…3Cs is basically the fuel for our ecosystem.
artist skyler:
For Q4 2020 you have planned to aim for bigger exchanges. Which bigger exchanges have you thought of? In which bigger exchanges would you like to list 3Cs?
Prateek Gambhir:
Well we are already listed on 4 exchanges and one of them is top 40 that is probit, but we have stated for quite sometime now that our next stop is kucoin and idex, i dont know exactly how long will it take but we are focussed to achieve it soon..
Tùng Hấp Diêm:
Since most Indians are not familiar with Crypto, why did you introduce Crypto to Indians after you created the Cricket Cricket Club?
Prateek Gambhir:
That is the main focus of our project to introduce crypto in something that is already a widely used product in our country, by introducing crypto in cricket fantasy sports we are actually introducing close to 80 million active users of fantasy sports to the world of crypto and for them the starting point will be crypto cricket club…
Please join @cryptocricketclub_official group for eligibility to participate in this AMA, if anyone didn’t join before Winners announcement get disqualified and they might lose their Reward.
Bhaskar:
There are many Indian users on traditional gambling platforms. How will 3cs attract them to use blockchain-based platforms?
Will it be difficult for non-technical people who do not understand blockchain?
Prateek Gambhir:
Well as per the latest report fantasy sports market in India is just starting out, its expected to grow multi folds in next 10 years…Yes there are many users on traditional platforms but as i stated while using these traditional platforms a user leaves a financial footprint which is fine with some and for some its not ok due to various reasons…like fantasy sports still considered as gambling by many and hence its still taboo in society…on our platform we have lots of added features as well which you wont find on any traditional set ups, for details go through our white paper..
artist skyler:
What is Smart Escrow feature and How It Works? Explain And how to make user friendly of 3Cs ?
Prateek Gambhir:
Smart escrow feature is basically for our free market when two individuals decide to engage in business on our platform, it could be anything sharing of strategies, memes, unlike traditional escrow there is no third party involved, escrow conditions are decided by buyer and seller and trade between them is executed via predefined smart contract. Its a trustless system
Vicky:
There are many cryptocurrency startups established by talent teams, but they have encountered problems in raising funds through token sales. This caused their potential startups to fail. So how will Crypto Cricket Club break these barriers?
Prateek Gambhir:
exactly my point they dont fail because they could not raise funds, they fail because they never intend to deliver…Our focus is not on increasing the price of 3Cs, our focus is to get the platform running & to develop a stream of income from it..Crypto is an essential part of it…Honestly indian developers are pretty cheap as compared to the international market…It seems difficult from outside but i have been exploring crypto market for close to 3 years and some of the biggest names that are multi million dollar projects got their products for pennies from indian devs
Dayuna Putu:
What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally?
Prateek Gambhir:
yes mate, developing a strong community is the back bone for an indie project like ours…We already have an incentive plan running for our initial investors, and we also have lots in store for future as well, stay tuned for more details..
Dayuna Putu:
Is there any tend to burn some tokens of supply in the future to stabilize the price?
Do you intend to expand in the Middle East?
Prateek Gambhir:
no sir we already have a very limited supply according to our business model…We do have a buyback planned for the future but no we dont intend to burn any supply..
We already have our advisor from middle east and its one of our strong hold so yes we wil be focussing on Middle east market..
shohag vvz:
There are lots of Project coming these days & The Main problem with many project is Adoption, Why do you think that Crypto Cricket Club will Achieve Mass_Adoption?
Prateek Gambhir:
Because we will make it simple for our users…Not all of them have to know about cryptos to use our platform..Its a hybrid of decentralised and centralised system and to attract them to use our platform solely depends upon our marketing and how seemless the interface is…If a user gets hooked to the interface they use..
Aluta Continua Victoria Ascerta:
What are your plans in place for global expansion, what are you focusing on at this time, expansion, marketing, partnerships or exchange listing and how do you seek to expand beyond INDIA
Prateek Gambhir:
Our current focus is development and it will be followed by a full fledged marketing campaign…Global expansion will follow but in order for that to happen first we need to have a firm base in our homeland..
Dayuna Putu:
What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year?
Prateek Gambhir:
Good question, 5 million tokens have been set aside for providing liquidity for users on the platform, for liquidity in trading we will be going as per our plan and only focus on listing on good exchanges…our supply is limited and there is a reason for that, we only created what we deemed is necessary for the project..Trading is an essential part of the system but its not everything…As for regular players we think once they get their tokens they dont sell out easily as they have to play daily..so its whole eco system that will be contributing towards it
Junkie Virus:
Thanks every community members who participated in this AMA and @cryptocricketclub_official ( https://www.cryptocricketclub.com/ ) for joining us tonight and answering our community members questions.
Great initiative for the entire blockchain ecosystem. This brings us to the end of this fun AMA.
Thank you, everyone! Stay safe.
Thanks @PrateekCryptocricketclub and the rest of the Crypto Cricket Club Team for joining us this was really exciting .
Harshad Wagh:
Wow that really was refreshing intensive wonderful AMA session just like a cricket match haha. Thanks for playing the questions so wonderfully by the users and eqaully greatly hit the answers to the boundary and producing an entertaining Game of AMA @PrateekCryptocricketclub !!!
zafer metin:
Thank you for answering my question
@PrateekCryptocricketclub big patience.
@Junkievirus
@Tiger7
@MintingGod
Thank you great efforts
Harshad Wagh:
This brings to the end of AMA by the very funtastic @cryptocricketclub_official
Prateek Gambhir:
Thank you so much guys for hosting us, it was fun and entertaining, i hope i was able to answer most of your queries, if you guys still have any doubts or questions please join our telegram channel and we will be happy to help you out…Again i feel really honored to interact with you guys and make you all aware about our small initiative..
Dayuna Putu:
Great AMA 🎉 thanks you sir
∑ Sigma ® ||:
Keep growing.. Looking forward for collaboration & events in future 🚀
Harshad Wagh:
Wish you a great success CryptoCricketClub
Feedback and comments are always welcome 😊
Compiled by- twitter.com/KalpeshEm for the Crypto Bharat Community.
Follow Crypto_Bharat on Twitter.
