BUILD IN BEAR : AMA Session With METABEAT
On Monday October 3rd At 12:00 PM UTC
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We were so pleased to host our Telegram AMA session with Metabeat where we gave you the chance to ask the team anything you liked. And you certainly delivered!
Summary of the AMA
- Host Round
- Twitter Q & A Round
- Telegram Q & A Round
Crypto King: Hello, I welcome you all for yet another round of AMA. Today we have #MetaBeat with us. Let's welcome them👏👏👏👏.
Stephanie Kim: Hello It's a pleasure to be here!
This is Stephanie from MetaBeat and I am glad to have this opp to introduce our project to the community.
Crypto King: Great to have you here Stephanie. So as you know we have 3 rounds in the AMA. Wi start with the Host Round. I have a few questions for you.
Q. Would you please introduce yourself to the community. Your background, experience and stuff ?
Stephanie Kim: About a year ago, co-founders began with an idea of a web3 music community platform because we believed in the improvements we can bring to the music industry, especially KPOP industry, with the fair distribution and value sharing ecosystem that rewards the fans for their value-added contributions and give the community the autonomous capacity to grow with the success of the artists.
MetaBeat team is composed of key players that come from various backgrounds. This variety is what really allows MetaBeat to create a platform that will cater to every fan and artist’s needs. For example, Danny, MetaBeat’s CTO, has extensive knowledge in tech development whilst, I have experience in business development and service modeling.
In addition, MetaBeat has team members with expertise in digital design and branding, entertainment marketing, and so much more. The diversity in our team is vital to ensure that we see the different needs of our users and secure a user-friendly environment. And just as important, a fan-friendly and exciting platform.
Crypto King: Awesome😎 Here is my next one.👇
Q.Would like to know more about MetaBeat and what is it trying to do in the Crypto space?
Stephanie Kim: MetaBeat is a Fan-to-Earn community platform powered by music IP backed NFTs and rewards on fans' contributions. In essence, MetaBeat is a NFTFI platform, NFT + SOCIALFI. Our community NFTs are backed by real assets, music IPs owned by MetaBeat.
The music IPs are protected for 70 years from its first release so the NFT holders receive rewards as long as they hold them. And the SocialFi functions of the app add unique experience and excitements for the users to enjoy. While earning rewards for your fan activities or posts on your social media channels or on MetaBeat platform through our ShoutOut service, you can participate in fan challenges, community privileges and events for your favorite KPOP artists.
Eventually, we plan to have each fan community under DAO governance, where the community decides on Shout Out promotions for their artists, events & interactions with their artists, treasury pool allocations, etc.
Crypto King: Something about your way ahead.👇
Q.Could you briefly share the roadmap of #MetaBeat the way ahead, any cool updates we should be looking for the project?
Stephanie Kim: Yes, we have some exciting news coming soon. We will be announcing very good news on our private round raising. We have been very fortunate to have top global investors and top tier funds support for both our strategic round and private round. Our strategic round partners are NGC, GBIC, Kucoin, AC Capital, Nexusone, Alchemic Investments to name a few, and private round partners will be announced soon.
MetaBeat app will go live when we list our token on CEX, which is coming very soon. Hence, our immediate goal and focus is a successful launch of our app and ICO. Our Beta version app will be launched in English and Korean with four main services.
In Q1 of 2023, our app will be upgraded to full-scale version with more refined functions and services. For example, fan community membership system and DAO governance integration will be adopted in phases on multilateral layers. We will keep this momentum and continue to move forward fast. We plan to go beyond KPOP and expand to other music catalogs to bring diverse music communities onboard. I am confident that our team will pave the path as we grow to be a top global platform for all music communities.
Crypto King: Well I must say you guys have good backing from renowned investors. Kucoin in the list is pretty cool😄
Alright, here is the last one for Host Round
Stephanie Kim: Thank you ^^
Q.What all IDO launchpads have been finalized by you?
Stephanie Kim: We have conducted two IDOs last week, on Cobak and RedKite. Both of our IDOs were all sold out thanks to the great support of investors.
This week, we have IDO on Kommunitas tomorrow - 4th of October Tuesday, starting at 9 am UTC. Also, a public round on Tokensoft opened on 1st of October and will be available until 7th of October. Anyone interested, please take this opportunity to participate.
Crypto King: Awesome. Let's move to Twitter picks. I have 4 questions for you. Here we go….👇
Twitter Q & A Round
Q1.@BORAM_Alp,
Can you explain @MetaBeatOffl team's strategy on the community? Will you expand your ecosystem by creating local communities in countries like Turkey,India, S.Korea where there is a high interest in crypto?
Stephanie Kim: FYI, MetaBeat team is based in Seoul, Korea and this is why we have a strong music IP pool of 4000 songs in KPOP. Starting with KPOP, our goal is to become a global music community platform. To achieve this goal, MetaBeat needs not only cater to the crypto communities in the area but build strong local partnerships with local IP holders, legal partners, label companies because every region or country has a different structure when it comes to music IP.
We have strong overseas alliances as well and are in process of building international networks with label companies in the U.S., Latin America, HongKong, Thailand, Vietnam and so forth. MetaBeat will continue to expand our partnership and ecosystem to reach out to all music communities around the world.
Crypto King: Cool
Q2.@JodieOrr16
Launching projects in a bull run is much profitable than during the bear cycle. In a bear run where most of the projects fail and sometimes gone into oblivion, how will #MetaBeatOffl stand the test of times?
What strategies do the project employ to mitigate possible losses?
Stephanie Kim:
Difficult but a valid question, if I may say. It is difficult for projects, especially for a new project to survive through the bear cycle. However, we are confident that we can turn this situation to our advantage. Of course, the challenges are much bigger in the bear market in terms of fundraising, community building, traffic generation and so forth.
However, if you survive strong in the bear market, you will shine and succeed much bigger when the bull market arrives. And it will arrive. We are confident that our project can break through these challenges because One, we have an unique business structure that we generate steady revenues offline from our music IP assets, allowing us to push out contents and events on our platform. Two, our team consists of professionals who have been in crypto market for a long time and this is not the first bear market we have faced, and lastly, we have strong global backers, supporting MetaBeat with long-term visions.
Q3.@LinhNguy1369
How will artists and fans interact and socialize with each other on the MetaBeat platform?
What kinds of events and competitions will there be?
Stephanie Kim:
While earning rewards for your fan activities or posts on your social media channels or on MetaBeat platform through our ShoutOut service, you can participate in fan challenges, community privileges and events for your favorite KPOP artists.
Each fan community can participate in fan challenges and competitions to earn rewards and badges and grow their community, which in turn, feeds back to growing their support for their artists. For example, we will airdrop concert tickets, fan meetings, or special goods which the fan community can earn through challenges and competitions.
We will also have exclusive albums by the artists only for the MetaBeat users. This will be very special if you are a fan of the artists. Eventually, we plan to have each fan community under DAO governance, where the community decides on Shout Out promotions for their artists, events & interactions with their artists, treasury pool allocations, etc.
Crypto King: Ok great! the final Twitter pick then we move on to the community round.
Q4.Miskat48115
What are the additional benefits of holding tokens over not holding your tokens and are
there also advantages for long term holders? What plans do you have in place to help drive
token demand and scarcity?
Stephanie Kim: As NFT holder, you will earn monthly rewards based on FANomance Index, which tracks the performance of music catalog, fan buzz marketing data, and fan activities on MetaBeat platform. $BEAT token holders can receive the rewards by staking their token at our Mingle service while NFT holders will receive automatically by just holding the NFT in their MetaBeat wallet.
Also, you can enjoy many privileges and benefits such as exclusive goods, access to events, ticket privileges, WL access, voting rights to community governance and more, which I think the fans will be much more keen on than turning the tokens for quick profits.
In addition, music IPs owned by MetaBeat generate monthly copyright revenues in fiat money and they are protected for 70 years from the 1st date of release. These revenues will be reinvested to obtain more IP, and buyback $BEAT tokens and put them back into our governance. Also, a part of our fee revenues generated from platform transactions will be burned regularly. Over a period of time, users will gain much more value from the unique web3 fan community interactions and experiences as well as potential increase in the value of the token.
Crypto King: @everyone , Let's open up for Community Round now.
Telegram Q & A Round
Q1. Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ? @Tmxpvksl
Stephanie Kim:Yes, I agree. In fact, we just announced our first ambassadors. The NFT holders who participated in our MAMAMOO Special Edition drop at crypto.com nft last month were announced as our 1st ambassadors. This drop was MetaBeat’s first every drop and as our 1st NFT holders, they will received monthly allocation of $BEAT tokesns and be WL for our MAMAMOO concert tickets. Both $BEAT token allocations and concert tickets are give in generous amount to celebrate our 1st ambassadors.
Q2.According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?
Stephanie Kim:Our most important priorities are 1) Successful IDO this week. We have IDO on Kommunitas tomorrow and Public Sale Round on Tokensoft this weekn until 7th of October. 2) Successful listing of our token on CEX and launch of our APP laster this month. 3) Stable operation and service of our app after our launch. And yes, we do have enough funds as we have achieved our target fund raise amount on both strategic and private rounds. So, we are ready to go!
Q3.What is your strongest advantage that you think will make your team leading the market? @Tmxpvksl
Stephanie Kim: Our strongest advantages are that we have the largest music IP pool by far in comparison to other music IP platforms on web3. We have 4,000 music IP available for us to drop on our platform. Most of platforms have 100. And our second advantage is the poweful fandom behind these music IP. We have queen of charts, risign stars of KPOP and these artists have millions of fandoms around the world. Lastly, our advantage is our strong alliances and partnerships. We have partnerships with 9 entertainment companies in Korea and also have strong overseas alliances that we will expand beyond KPOP.
Q4.Do you have features that we can trade our Metabeats NFT in person to person or in your market?
Stephanie Kim: Yes. We have four services; Drops for NFT purchase, Mingle for Staking $BEAT tokens, ShoutOut for Fan to Earn service and Marketplace for users to trade MetaBeat NFT. You can trade your Metabeat NFT in our marketplace. In later stage, you will also be able to trade our NFT in other NFT marketplaces as well.
Crypto King: Well thanks Stephanie for answering those community questions. I must say #MetaBeat seems to have tremendous potential. I wish you all the best for your project and thanks again for coming to Syzygy ClubHouse and spend time with us.😊
Cheers!
Stephanie Kim: Thank you very much for having me here today! It was a pleasure to introduce MetaBeat to the community.
Crypto King: Would love to host you again😄
Stephanie Kim: Thank you!! I would love to come back with more exciting news from MetaBeat!
Crypto King: Folks please join Metabeat community. Well with this our AMA concludes. It was lovely to have you both here in our Clubhouse. Some really great replies from you folks. Cheers!
