CRYPTO SYZYGY : AMA Session With Kylin Network

AMA On Monday, January 3rd At 12:00 PM UTC

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We were so pleased to host our Telegram AMA session with Kylin Network where we gave you the chance to ask the team anything you liked. And you certainly delivered!

Summary of the AMA

  1. Host Round
  2. Twitter Questions
  3. Community Round

Crypto King : Well well well, time has come ladies and gentlemen for which you all have been waiting for Kyle Network😊

I welcome you all to the first #AMA with a renowned project in the Crypto space and Web3 to be specific.

We have Andy today with us :)

Welcome Andy!

Andy : Greetings Crypto SYZYGY community! Happy New Years to everyone 🙌🏾🔥🚀

Thank you for having me CryptoKing! 🙏🏾.

Crypto King : Wish you a rocking 2022!

Awesome! Would you briefly introduce yourself and your journey in the Crypto space?

Andy : Sure thing! I’m a gamer/data nerd at heart. Originally wanted to pursue a particle physics in highschool.

Family tragedy occurred and I wound up being an entrepreneur. Most recently spent 5 years as a digital marketer until FINALLY pulled the trigger on getting into blockchain last March.

Having already been studying data science I knew that I wanted to be a part of a data community. Kylin was the project that stood out the most to me out of all projects.

The big juicy problem that keeps me up at night and working all the time is that there is SO MUCH data just waiting to be monetized..

Crypto King : Cool! Quite an elaborate intro. Pretty awesome though😉.

Great, my next one

Can you let us know more about Kylin Network? What is it trying to do in the space and your future roadmap?

Andy : Sure thing! Hehe I’ve been told that I’m a bit intense on several occasions.

Crypto King : Stay chilled out😉 Crypto is cool as we know lol.

Andy : Kylin Network is a decentralized blockchain network built on Polkadot.

While there are many applications that are possible with our architecture there are a few things that our partners best know us for

  1. Blockchain data oracles
    2. Data marketplace (democratizing data monetization)
    3. Analytics and reporting (esp machine learning).

Crypto King : Would you like to tell the community about any potential future listings? Like in the Crypto lingo we say When Binance😆.

Andy : I’d love to tell the community everything! Due to NDA my hands are a bit tied unfortunately.

What I can say is that the team is very focused on a listing and understands the value and power in it.

We’re currently in conversations with multiple exchanges and are coordinating the launch based on priorities.

Our top priority as of now is to get a working parachain launched as this will make the process more smooth.

Crypto King : Oh yea the NDA thing. I can understand.

Andy : It’s like walking on glass and just as fun! 🤣 But there is in-fact progress and I think people will be pleasantly surprised with how close things now are.

Crypto King : Fantastic. I am wishing for a big one. Hoping for the best.🤞

Andy : Thank you! 😁🙏🏾

Crypto King : Alrighty! One more question then we move on to the Twitter picks.

Where is Kylin headquartered? And how big is your team size? Are you guys in a concentrated one physical location or scattered all through out the globe?

Andy : We’re a decentralized team scattered all over the world. From Ohio to Ukraine, from the Philippines to the UK.

The official team is just shy of a dozen strong.

And we’re hiring!! So any developers please reach out in the TG and we’ll send your deets up (#shamelessplug haha).

Crypto King : Well community! Any techi here please apply. You know where to reach out😉. Cool that was fun. Let’s move on to the best #Twitter picks. I will be posting the questions here which you and your team selected. Here we go…

Magda Trâm@ehlers_magda

How will you manage #Kylin to gain a place in the market and become a better token in the blockchain world? Who is #Kylin biggest rival? In the future, does youhave a plan to beat your rival or cooperate with them?

Andy : As a decentralized project I am here as a community leader. The ambassadors inspired me to step up and help the network directly as the power of a project is in it’s people.

It’s hard for me to consider other projects, even those who do similar things, as “rivals.”

There is an absolutely mind-numbing amount of data in the blockchain space. Most of it is left in the cold to collect dust. Not making anybody any value (AKA tendies)

Our objective is to collaborate with as many projects as possible to find how we can leverage synergies to promote a better, safer, and more profitable blockchain ecosystem as a whole.

In particular, we offer oracle solutions with a focus on machine learning analytics and insights in order to help decentralized applications add even more value to their communities.

All of this and more will be available on the data marketplace so that anybody can participate with their favorite data projects.

Twitter Community Q & A Round

Q1. How will you manage #Kylin to gain a place in the market and become a better token in the blockchain world? Who is #Kylin biggest rival? In the future, does youhave a plan to beat your rival or cooperate with them?

Andy : As a decentralized project I am here as a community leader. The ambassadors inspired me to step up and help the network directly as the power of a project is in it’s people.

It’s hard for me to consider other projects, even those who do similar things, as “rivals.” There is an absolutely mind-numbing amount of data in the blockchain space. Most of it is left in the cold to collect dust. Not making anybody any value (AKA tendies)

Our objective is to collaborate with as many projects as possible to find how we can leverage synergies to promote a better, safer, and more profitable blockchain ecosystem as a whole. In particular, we offer oracle solutions with a focus on machine learning analytics and insights in order to help decentralized applications add even more value to their communities.

All of this and more will be available on the data marketplace so that anybody can participate with their favorite data projects

Q2. Most blockchains have multiple uses, but they are usually developed with a specific type of service or product in mind. What is the target product for which you develop Kylin? DApps? DeFi protocols? Games on blockchain?

Andy : Great question! This is something that is often misunderstood. As data specialists it’s something where we operate at a layer of abstraction deeper than Defi vs. Gaming.

To us it’s all zeroes and ones. Within the world of generating value (increase in efficiency/profitability) we see Machine Learning as the most productive and biggest use-case need in the space right now.

Short answer would be primarily dApps.

Q3. For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how your project generate the profit?

Andy : Yes absolutely! This is one of our major focuses as blockchain data engineering is still a very new field that requires much sophistication.

Q1: Funding
Dylan, the Founder and Leader of Kylin, worked tirelessly to ensure that there is several years worth of burn rate in order to account for market volatility and quality technology development.

Q2: Profits
Profitability is generated through query fees. Imagine getting a fraction of a penny every single time someone refreshes CoinGecko.

Now scale that out across hundreds of applications and you can see that even the moon isn’t the limit to what can be monetized with Kylin.

Crypto King : Liked the revenue model. Naaaicee!

Q4. I see that Kylin has many benefits and applications, what are the contributions that Kylin has managed to make within polkadot or the crypto world itself? Have you had the opportunity to push other projects forward and in what ways has it done so?

Andy : We are huge on partnerships and collaborations.

We have conversations with literally hundreds of projects and over 50+ published partners that we’re actively working on. We slowed down on publishing partnerships as we needed to doubledown on our core relationships in order to get things ready for scale, but have actually been accelerating our outreach with other projects behind the scenes.

Supporting the mass adoption of blockchain is a mission that drives all of us. This same spirit of interoperability that drives Polkadot is where we also see the highest value for Kylin.

The more projects that we can serve, the more data that is generated, and the more query fees that can be earned by any participants on the data marketplace that connects it all.

Q5. You organized a very profitable AMA meeting and received many questions related to utilities and technology- looking forward to the future … Now I want to ask what do you want from the public?

Andy : I especially love this question 😍

I’m looking for more collaboration. Any in-fighting or arguing between communities serves to distract us and pull us apart from what we’re all looking for. Scalable mass adoption of blockchain and cryptocurrency. This is ultimately what will fill our bags and change the world.

I would ask that people find ways to educate themselves and engage in productive discussion on how we can make further progress. We’re all in this together.

WAGMI 😁🔥🚀.

Andy : Your community has asked some amazing questions in Twitter! I’m honored to be here 🙏🏾.

Crypto King : Thanks Andy. Final round next. Just select best 3.

@community be ready. Opening forum up for you all folks!

Just ensure few basic hygiene rules. Do NOT spam Andy on PM and make sure you do NOT repeat the questions.

Thanks. 5 secs we open the chat🤘.

Telegram Community Q & A Round

Q1. Most people judge a project by its token price. So, what is your plan to maintain the token price? Will there be some kinds of burning/buy-back program?

Andy : I like this question a lot @Inger_farmer

Have been studying quantitative finance for years and am especially fascinated by the variables that effects an assets market price.

There are three primary variables that ultimately will make a project succeed
1. Supply and Demand
2. Market Sentiment
3. Strategic advantages

With this in mind we’re establishing ourselves as an interoperable data hub to serve the entire blockchain ecosystem at large. In addition to this the team has invested in a largescale marketing campaign to kick off the new years and we’ll be seeing a large increase in JV marketing and content

Finally our strategic advantage is our community. With 70k+ strong on Twitter and hundreds between our Developer community and internal Kylin Militia we feel confident that we can work together as a team to make magic happen.

We have discussed a burn mechanism to punish those who try to game the system (feeding bad data) though the details are stillbeing worked out.

Q2. COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? Are you still on track to achieve your goals or are you planning a new development?

Andy : Our lead ambassador and the metaphorical glue that has brought most community leaders together @bullsander has a saying

“Bull or bear, data doesn’t care.”

There is a lot of unfortunate things happening in the world. I’m in Ukraine and can attest to this firsthand. But unless the internet is turned off and/or people stop using the internet then there will be an opportunity for data solutions.

Kylin is both on track to achieve our goals and as we continue to expand as a community we are finding new and innovative ways to deploy this marketplace. Think of it like Ebay or Amazon for data solutions. If you have a dApp that you want to get more value from, you can shop around and find something to maximize your project.

I have complete confidence in the team and am excited to be able to show more about the upcoming details as they close things out 💪🏾🔥🚀.

Q3. Regarding about the current market situation is too unstable, holding back investors.. So can you give me some good reasons why I should buy your tokens in this market situation? And also why should your token holder keep holding?

Andy : I like tough questions. Thanks for this! 😁🙌🏾

Obvi NFA. We’re just people on the internet who love blockchain at the end of the day. While I can’t say why any individual “should” make any investment. I can say why I made the decisions to ape DCA’ing KYL.

Shoot hit enter too soon haha.

Data as an industry is rather misunderstood. And especially misvalued. Traditional analysts are still wrapping their minds around digital assets in general. Let alone blockchain assets and machine learning LOL.

I saw this as something of an arbitrage opportunity as the data sector at large is undervalued and Kylin itself is essentially setting itself as the data superhighway of Polkadot. So while I am not nearly stacked enough to invest in tollroads or bridges or infrastructure projects such as this.

Investing in blockchain Oracles, especially with a project that has such a strong community, visionary founder, and infinitely scalable use-case seems a way better option in my book.

Crypto King : Awesome Andy🤘 I guess you have answered them all pretty comfortably. Interesting session with you that was.

Andy : The feeling is mutual my friend. Dylan has nothing but amazing things to say about you and I’ve enjoyed getting to know you leading up to this event.

Noticed that your crew seems to enjoy talking about trading. We’ll have to connect as we move closer to launch. Perhaps we can work something out for some of your peeps to test things out as we proceed.

Have got a multitude of solutions in mind for the citizen trader to bridge the gap between enterprise and retail 😏🚀. For everybody who didn’t get an answer. Thank you for being here! We’re going to have someone from our team datamine the chats so that we can integrate answers into the upcoming content.

Hope you all have a wonderful New Years! Whatever happens remember that we are still EARLY

LFG!!! 🔥🔥🔥.

Thank you @CryptoDare

Crypto King : Thank you again for coming to Syzygy. Trust me we guys love Kylin so much.There are a couple of Web3 we are a big fan of and Kylin is one of those. :)

Here are some important links of Kylin Network ⛓

Website | Telegram |Twitter

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We are committed to provide Premium Crypto signals, News and Analysis, listing information, and Breakout alerts with high accuracy. We Provide Best Technical Analysis tools and assistance to our people.

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