CRYPTO SYZYGY : AMA Session With LOOPStarter
AMA On ,Tuesday April 12th At 01:00 PM UTC
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We were so pleased to host our Telegram AMA session with LOOPStarter 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: Alright guys, here we are again for yet another round of AMA session with #Loopstarter. Great project with an awesome team. LFG🚀 Please welcome @Roynguyen27 from Loopstarter👏👏👏👏.
Roy Nguyen CMO: Hi everyone, I am so glad to be here tonight. I’m Roy, CMO at LOOPStarter, still working hard to prepare for LOOPStarter’s IDO and would love to create a great AMA tonight.
Crypto King: Awesome! Please give a brief background about yourself and your journey in Crypto😄.
Roy Nguyen CMO: yes , cool I’m having been involved in crypto since the beginning of 2017, I have more than three years of working in different tech companies in New Zealand and Australia.
Since 2021, according to the rise of the coins, I’ve invested with crypto Defi projects with more extensive systems and that’s when the idea of LoopStarter begin. And my team is a group of experienced people who have been in Crypto since 2017. We started building Crypto communities and they’re doing great till now.
Crypto King: Great!. Let’s start with the Host round. I have some questions for you😄.
Q1. Can you briefly describe #Loop? What is it trying to do in the blockchain space?
Roy Nguyen CMO: great question , LOOPStarter is a multichain IDO Launchpad based on Binance Smart Chain, the whole DAO ecosystem including DEX, NFT Marketplace, Launchpad, Token Dao that can help everybody to approach to decentralized finances of the crypto community.
So, let me give you guys more details: LOOPStarter is not just another launchpad over there, it’s also a whole ecosystem, we have built an incredible team in the past months to help us incubate and accelerate projects that are passing our hard testing system! One more thing, we are very proud of the Incubating Program will definitely allow investors to be able to invest in the sustainable project through our launchpad.
The second one: LOOPStarter is designed to solve constraints in the Blockchain Space, in fact, such as:
- Unfair fund allocation system: large capital ventures held the biggest amount of pre-seed rounds or private sales.
- Poor IDO registration process: lack of information.
- Highly reliant on luck system: Tokens are supplied on a first-come, first-serve basis.
- Manipulation: Bots and organizations can affect whitelist-based fund allocation systems — Lack of incentives.
- For the project team, lack of tips and tricks for a successful IDO to avoid pump and dump.
- Scam projects: Decentralization enables scam projects. These hurt investors.
We have also LOOPS is our native Token , The brightest point for LOOPS allows it to be fully applied to the LOOPStarter ecosystem. LOOPS is designed for comprehensive application in LOOPStarter ‘s products, including :
1/ LOOPS DEX (Staking, Farming): Users can stake or provide liquidity to a variety of pools. In return, users are eligible to receive the respective native token as incentives.
2/ Staking to participate in IDO and IGO: This is the outstanding feature in LOOPStarter that helps the token to be circulated and creates a great incentive for users to hold the token. Regular Launchpad projects will require users to stake LOOPS to participate in the sale.
3/ Joining DAO: LOOPS holders will be able to propose and vote to make changes to the LOOPS ecosystem. Proposals can be related to transaction fees, token release speed, or larger issues such as proposals for the project development team to expand to the new blockchain.
4/ Trading on NFT Marketplace: LOOPS tokens will be used for trading in the Marketplace and have the right to participate in the NFT prize draw
Deflationary Mechanism: There is a tax of 3% in every transaction with LOOPS token, and 2% of the tax will be burned immediately and this is automatic.
Please check our WPP here: https://drive.google.com/file/d/11LDZkQoXQklgjv_gjZE64LkTSZ9ttHHn/view?usp=sharing
Crypto King: Wow that’s all in one. Great to know that😊. Quite a lot of information about LOOP🤘 , Next one👇
Q2. Please let us know about your team. How big is it and where is the company headquartered?
Roy Nguyen CMO: Cool, There is 4 core member team and more 5 other members:
1/ Leon Tran (CEO) : INDUSTRY LEADING PROFESSIONAL IN THE ICT industry, specializing in IT with 7+ years in R&D
2/ Dree DO (COO) : 3+ years experience in blockchain and software engineering
3/ Roy Nguyen (CMO) : 3+ years in Digital Marketing & Cryptocurrency.
4/ Phuc La (CTO): 5+ years experience in blockchain and software engineering.used to work with TOMOChain
Since 2021, according to the rise of the coins, We have invested with crypto Defi projects with more extensive systems and that’s when the idea of LoopStarter begin.
And my team is a group of experienced people who have been in Crypto since 2017. We started building Crypto communities and they’re doing great till now
The company is headquartered in NewZealand and the second one is in Ha Noi, VietNam.
Crypto King: Great so total 9 member team. That’s good😊.
Q3. Could you briefly share the roadmap of #Loop the way ahead, any cool updates we should be looking for the project?
Roy Nguyen CMO: yess, our project was built in June 2021 and announced to the community in February 2022.
All core applications have been completed and are in internal testnet, next week. will probably be open to the community to join the testnet.
Here I can show you some parts of the testnet version that we are testing.
Roy Nguyen CMO: The Seed Round is sold to close partners. Our communities have supported the project since its inception. We will launch LOOPS on our own platform. Along with it are four other launch platforms, which will be announced in the near future😍
Crypto King: Awesome. That’s quite cool looking roadmap. Maybe our community will deep dive into it and share our observation.
Great so the next one then we move to #Twitter picks👇
Q4. When is the IDO and what all launchpads you have tied up with?
Roy Nguyen CMO: TGE date and time: April 25, 2022, now we are already working with 6 launchpads such as LUNAPAD, Erax, DaoStarter, Diviner, PolyLauncher, and PolkaBridge for our IDO Launchpad.
Crypto King: Nice , Alright let’s have some best questions from Twitter which you shared with us.
Roy Nguyen CMO: yes , please
Twitter Q & A Round
Q1. @IoanaMotoc7 Regulation is very important. Many projects were closed in many countries due to failure to use the correct regulations and permits. In order to go global how does your team deal with these issues?
Roy Nguyen CMO: That is great question , We are now currently looking to provide language support to the biggest and most active communities that participated and showed interest in the LOOPStarter Whitelist Public sale.
Besides, we are working with country ambassadors who have started translating our material. Empowering community by community will enable our users to read and understand the LOOPStarter mission and vision in their own language.
Q2. @kingkingsm1 Many games today set high costs to start the game & therefore start with a small player base. Does #loopstarter an entrance fee or starting conditions & if so, what are they? Do I need to hold an NFT or hold a certain number of tokens in order to enjoy & play the #loopstarter?
Roy Nguyen CMO: There not have any entrance fees or starting conditions for everyone.
Use case of LOOP token:
1. Governance: vote on projects, rate projects, submit access to report analysis, and more.
2. Buy our limited NFTs on NFT Marketplace.
3. Liquid Mining Rewards.
4. Participate in the upcoming IDO Launchpad projects.
Use case of NFT (LOOP Keys Tier) :
1. Same as Loop Token, the NFT provides governance in the Level Keys.
2. Participate in IDO and Launchpad projects.
3. It Will be used in the airdrop of collaborative projects in the future.
Crypto King: Wow!
Roy Nguyen CMO: Investors only need to hold LOOP token and LOOPS token can be used everywhere on the LOOPStarter ecosystem.
- Tokens are stook to receive Access Key to join IDO from other projects which launching in LOOPStarter platform. — LOOPS will be a reward for staking, farming, joining pool, — Moreover, anyone holds tokens can have rights to vote some activities of projects.
Q3. @ErikaOrtiz809 One of the main problems with smart contracts today is that there is a very high risk of bugs that allow hackers to steal the funds and incur significant losses for the project and its users. Can you tell us about the solutions that LoopStarter offers to prevent this?
Roy Nguyen CMO: Yes, the audit of our IDO smart contract will be performed before we are launching any project on our platform.
The investor’s security is our first priority. LOOPStarter has been proactively checked and verified for vulnerabilities by our talented engineers and prestigous agency (Verichains). You can check Verichains verification result here:
More audits of our IDO contracts will be performed before we are launching any outside project on our platform.
Crypto King: Cool the last lucky one from Twitter.
Q4. @flowerama809 Most of projects just like to speak about the “long term vision and mission” but what are your short terms objectives?So, What are you focusing right now?About All the investors hold token for short term. What are the benefits for holding $LOOPS token?
Roy Nguyen CMO: We are now looking at the most active communities and big VC that participated in LoopStarter Public Sale Whitelist. About the Strategies in building community, we are working with national ambassadors who have already started translating our documents.
We first start at the local communities that can help people from different countries understand and learn about the LoopStarter vision in their own language and their official channel.
In short and long term, there are lots of ways to understand earn revenue in crypto projects such as:
Roy Nguyen CMO: Look at this:
We can generate revenue from IDO Launchpad for Decentralized Fundraising and Public Auction.
- Second is LOOP DEX for Crypto Trading ( Swap, Staking, Farming,..) and we can earn revenue from transaction fee.
- The third is people can trade NFT on LOOP NFT Marketplace and earn revenue from NFT Launchpad Tier.
Our business model will try to balance between user and launchpad projects to create the LOOPStarter win-win profit.
Telegram Q & A Round
Q1.Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project?
Roy Nguyen CMO: Yes, the LOOPStarter team consists of experienced professionals within the Launchpad and DeFi space. We are a team hailing from New Zealand and Vietnam. Not all of us chose to be public, and some have monikers. All of the members listed here are the Core Team of LOOPStarter.
Q2.Do you have AUDIT certificates?? or are you working to AUDIT your project, to make it moe secure and reliable?
Roy Nguyen CMO: Yes, we already prepare for it. LOOPStarter has been proactively checked and verified for vulnerabilities by our talented engineers and prestigous agency (Verichains). You can check Verichains verification result here..
Q3.What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
Roy Nguyen CMO: LOOPS token can be used everywhere on the LOOPStarter ecosystem. — Tokens are stook to receive Access Key to join IDO from other projects which launching in LOOPStarter platform. — LOOPS will be a reward for staking, farming, joining pool, — Moreover, anyone holds tokens can have rights to vote some activities of projects.
The second one , about the motivation and benefits for investors to keep the token in the long run : “We have a long — term vision to build an integrated ecosystem.
To do that, we run some activities to make enough benefits for our team
- Run several rewards schemes to encourage participation and contribution. With the most attractive and high-profit commitment in the market now.
- LOOP DEX participants need to pay three types of fees: liquidity withdrawal penalty, swap fee and gas fee..
- Partners need to pay some fees to join LOOP’S ecosystem
- Fundraising from our communities of ventures and holders”.
Q4. Can you give an overview of your Tokenomics, and the UTILITY of Token?
Roy Nguyen CMO:
Roy Nguyen CMO: Done 4 best questions today 😍.
Crypto King: Awesome Thanks for your time Roy , Great to have you here for the AMA🚀, All the best for your project.
Thank again for joining us today and informing the community about your project.