AMA Recap in Crypto Challengers Community
This is our fourth AMA this month for spreading DNFT in other communities. Adam Shuai, our co-founder, successfully represented DNFT Protocol among Crypto Challengers Community on 23rd Dec 2021.
The session was held in three parts,
- Twitter Questions
- Telegram Community Questions
If you missed this insightful session, here’s another chance to get a glimpse of all that transpired during this session through this AMA Recap.
About Crypto Challengers: Crypto Challengers is a renowned crypto community followed by some big names such as Kucoin, Huobi, and Hotbit. Now they have 33K members.
PART I: INTRODUCTION
Q1. Please briefly introduce yourself and DNFT Protocol.
Adam: Hi guys, my name is Adam, the co-founder of DNFT Protocol. My ENS name is adam7.eth.
DNFT Protocol is a decentralized cross-chain NFT network. It allows users to mint, trade, and manage NFT assets across blockchains, e.g. arts, game & metaverse assets, and data models. By presenting a Data-model as an NFT(DAAN) conception, DNFT pioneers the scenario of NFT applying to the AI industry. We apply DAO governance to NFT creation and trading in our community.
About myself, I’m a full-stack developer and product manager with a great passion for feature design and user experience development.
I started my first blockchain project in 2018, which is an online AI/Data model trading platform. My past experience has spanned key roles within Nasdaq-listed company Cootek(I was the principal product manager in TouchPal keyboard which has 100,000,000+ installs in Google Play Store at 2019) through to the software developer in Top 200 global companies such as Honeywell.
For education background, I hold a Computer Science master’s degree from the University of New South Wales, Australia.
Now I live in Melbourne, Australia.
Q2. Can you briefly introduce DNFT mainnet and how can users join?
Adam: Yes we launched at 10 PM UTC, 10th Dec
The first version of the DNFT mainnet is a decentralized NFT marketplace on the BSC network. You can connect your metamask wallet directly to it. You must know Opensea or Rarible, they are on ETH, so far there’s no NFT marketplace on BSC that has a great user experience and various NFTs.
Since our gas fee is really low. We highly encourage our members to mint and sell their NFTs on the DNFT marketplace. Our marketplace is community-oriented.
Our mainnet will have the most user-friendly design and the optimized loading time for every operation. You will enjoy it when you create your collection, mint/sell your NFTs, and manage your NFT assets.
Now we have a Christmas&New Year campaign — Santa Claus is getting ready to deliver 50,000 $DNF presents
Everyone can be an NFT artist and has the chance to be famous, DNFT provides the way to help you reach the goal.
Here is the simple way to join our mint/sell/favorite NFT campaign
- Mint your NFT
- Sell your NFT
- Share the NFT with your friends and ask them to favorite the NFT you’ve posted on our market
- How many favorites your NFT got and the quality of your NFT determines your $DNF rewards
[Due 10 PM UTC 31th Dec 2021]
Q3. I found there is a part in DNFT mainnet called IGO, can you tell us more details?
Adam: IGO was the concept created by DNFT back in August this year when we launched our Blockchain Olympics. People can connect their wallets play the game and earn our token which is called $DNF. We also reward users with our medal NFTs when users hit a certain score.
At the moment there are a lot of GameFi and Play-to-earn games that need a platform to mint and trade their NFTs, so we’re providing the best platform for these projects.
The difference between our IGO and other IGOs are
- We won’t charge any GameFi projects fees to drop their games on our platform, that’s really friendly for game development teams.
- We will review each Gamefi project very carefully to help our users find the most profitable and interesting games to play. That’s our responsibility to our users.
- We will provide the most conspicuous places to promote good GameFi projects in our mainnet, which are on the homepage banner, market first page, and IGO main page.
Q4. Can you introduce $DNF token?
Adam: Our origin token is ERC-20, and by applying our cross-chain bridge, our token is also live on BSC.
Now most of our trading is on BSC
The DNF bridge will also allow users to transfer their ERC20 DNF to BEP20 DNF if needed.
The total supply of the $DNF token is 100 million. $DNF token has been issued and can be traded in three CEX which are Hotbit, Bitmart, and Hoo.
$DNF is now also available for trading on Pancake Swap
Q5. What benefits will $DNF holders have?
Adam: $DNF will have the following utilities:
1) DNF would need to be spent by users as the platform currency as a gas fee for their transactions to be processed.
2) In order to promote decentralized community governance for the network,$DNF would allow holders to propose and vote on on-chain governance proposals(DAO) to determine future features and/or parameters of DNFT Protocol.
3) Users which actively participate in the protocol would receive airdrops of DNF tokens and NFT for user engagement/participation.
4) As the native platform currency, users will receive discounts when paying with DNF within the DNFT ecosystem, e.g for purchasing NFT, NFT administration tax payment, or cross-chain transfer tax fee.
PART II: TWITTER Q&A
Almost 2/3 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project, Could you tell us on motivations and benefits for investors to hold @DNFTProtocol token in long term?
Adam: Our project started in Sep 2020, we joined several hackathons and all got awards and grants. For example, in June 2020, HECO grant we’re top3 among 150 teams in the world. We’re also the receiver of the Web3 Grant wave 9 in April. Our value is based on our product and tech, so if our investors have a deep understanding of our project, they will have the patience to grow with us. We’re also really active on social media to update our progress. Please join our telegram group and follow our Twitter.
Does your project support staking program? If yes. how is your stake system work, what is the requirement for users if they want to stake in your platform?
Adam: There is a part called mining in our mainnet.
You can find there’re three pools over there. 1 month/3 months/6 months. By staking your $DNF in the different pools you can get different APR, and in 6 months you can double your tokens. Besides, you can get a free NFT when you stake more than 200 $DNF in either pool.
On your website you don’t mention that you have done any internal or external audit of your smart contract, so can you give us details if you have done any audit before? And in case you haven’t, would you plan to perform any review of your smart contract in the near future?
Adam: If you take a look on our website or our Telegram group, you can find that we had our first Audit report back to August. Here is the link for our audit report. https://www.fairyproof.com/doc/DNFT-Audit-Report-082921-englogo.pdf
We’re planning to do our second audit report for our mainnet.
Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one?
Adam: We have finished 2 rounds of ambassador programs. One in Sep and one in Oct. Please have a look of our second round ambassador summary.
Now we have 400+ ambassadors around the world.
Here is also the video from our ambassadors from 8 countries.
we will open the application for round 3 soon. The only requirement for ambassadors is they must have minimum of 200 followers on a social media platform.
If they contribute great content to promote our project, they can be our ambassadors and get rewards
Adam: Here are some officials
- Mainnet (https://app.dnft.world/)
- Website (https://dnft.world/)
- Twitter (https://twitter.com/DNFTProtocol)
- Whitepaper (https://github.com/DNFT-Team/DNFT-white-paper/blob/main/DNFT_whitepaper.pdf)
- Announcement (https://t.me/dnftannouncement)
- Chinese Group (https://t.me/dnftprotocol_cn)
- Beta Users Group (https://t.me/+NBbInDPOadlmM2Jl)
- BSC Contract (https://bscscan.com/token/0x018f49822d593f88843777e0956af74c87012219)
- ETH Contract (https://etherscan.io/token/0x7c8911c69257c074593fd9efdc431f200be27107)
- Audit (https://www.fairyproof.com/doc/DNFT-Audit-Report-082921-englogo.pdf)
- Hiring! (https://medium.com/dnft-protocol/were-hiring-marketing-growth-specialist-f57b8e97468a)
PART III. TELEGRAM Q&A
Q1. Can you tell me what is tokenomics and whitepaper of your project? Where can I buy it too? And Audit is important for both trust and security. Have you done any audit of smart contract?Audit is important for both trust and security. Have you done any audit of smart contract?
Adam: I want to share the tokenomics from our whitepaper
1) 20% will be reserved for the DNFT Protocol team. 10% of the team reserved will be released every quarter since the mainnet of DNFT Protocol has been launched.
2) 5% will be reserved for early community and ecosystem construction (including community airdrops and other early marketing events). 5% will be released when TGE, then released 10% each quarter.
3) 10% will be reserved for the ecosystem grant plan. The NFT and game ecological construction incentive grant plan will be launched to encourage the projects who join the DNFT Protocol ecology. It will be locked for 3 months, then released 10% each quarter.
4) 35% will be reserved for DNFT main network development and construction (including slot auction, network maintenance, etc.) It will be locked for 3 months, then released 5% each quarter.
5) 20% will be allocated to Project Development Reserved (including Exchange Listing, Liquidity Pool, etc). 5% will be released when TGE, then released 5% each quarter.
6) 2.5% will be allocated to Seed Sale. 20% unlocks 1 month after TGE, then each quarter unlocks 10% for 6 quarters and will unlock the remaining 20% in the 18th month.
7) 6.5% will be allocated to Private Sales. 20% will be released when TGE, then released 8% each month.
8) 1% will be allocated to IDO. 50% will be released when TGE, then release 50% 1 month later than TGE
Q2. Because the majority of consumers are still unfamiliar with the concepts of NFTs and related projects in general, may I ask what your marketing approach is?
In today’s NON-CRYPTO/NFT space, how does #DNFT aim to raise awareness about her project?
1. We tried our best to make our product easy to user and easy to learn. If you take a look and try to mint an NFT by yourself, you can see how user-friendly it is.
2. Our community is very helpful, you can either post your questions to our main group and beta users group, our admins, volunteers, and ambassadors all will help and guide you
Q3. Can you list 1–3 killer features of this project that make it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
1. we’re the most user-friendly and clean-design BSC NFT marketplace. And we are decentralized, you can directly connect your wallet.
2. Our IGO would be massive and interesting, stay tuned.
3. Cross-chain is a must in the future, our infrastructure would be our killer feature in 2022.
Q4. Is This Your project only for elite investors, how about others with small funds, is it open to everyone?
Adam: Our tokens already listed on Pancakeswap, Hotibt, Bitmart, Hoo. We welcome everyone to invest and contribute to our community. Small or large doesn’t matter, your part contribution to our community matters.
Q5. Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
Adam: We have our official Youtube account. Here is the video where you can have an overview of our mainnet. https://youtu.be/YaOPV9jOQGg. We will also update new videos soon.
About DNFT Protocol
DNFT Protocol is a decentralized cross-chain NFT network to Web3. It allows users to mint, trade, and manage NFT assets across blockchains, e.g. arts, game & metaverse assets, and data models. By presenting a Data-model as an NFT(DAAN) conception, DNFT pioneers the scenario of NFT applying to the AI industry. $DNF is our token and listed on Pancakeswap, Bitmart, Hotbit, and Hoo. We’re Hiring!