AMA Recap in Nabox Community
DNFT Protocol is excited to share that utilizing a great AMA session opportunity, one of our Co-Founders, Adam Shuai, successfully represented and spread awareness about our platform among Nabox Community.
The session was held in two parts, Introduction and 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 Nabox: Nabox is a cross-chain DID application built for Web3. With Nabox, you can manage assets across different blockchains whether for DeFi, GameFi, NFTs, and other use cases that come up. Their telegram group is with 47k members.
PART I: INTRODUCTION
Nana: Please briefly introduce yourself and DNFT Protocol.
Adam: Hi guys, my name is Adam Shuai, 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 running and 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 until 2019) through to the software developer in 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.
Nana: I heard that DNFT launched its mainnet yesterday, can you briefly introduce the mainnet?
Adam: Yes we launched at 10PM UTC, 10th Dec
The first version of the DNFT mainnet is a decentralized NFT marketplace on BSC network. You can connect your metamask wallet directly to it. You must know Opensea or Rasible, 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.
Nana: What can users do now to join DNFT mainnet?
Adam: Now we have a Christmas 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/like NFT campaign
- Mint your NFT
- Sell your NFT
- Share the NFT with your friends and ask them to like 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 date @10PM UTC 31th Dec 2021]
Nana: 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 IGO are
- We won’t charge any gamefi projects fees to drops 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 homepage banner, market first page and IGO main page.
Nana: For AI model as an NFT, can you give some more information about it?
Adam: The integration of NFT and AI model will bring infinite possibilities to both blockchain and AI industries.
If the NFT contract standard increases its compatibility for AI models, blockchain can be the potential settlement method and marketplace for AI model trading.
It will offer more options to the AI model owners or creators and AI model buyers when they are going to buy or sell an AI model. The increase of AI model liquidity will promote the development of the AI industry.
On the other hand, the appearance of AI model NFT will be the new blood of the NFT marketplace. According to that, AI model NFT will drive more attention from the traditional IT industry to the crypto world.
Nana: 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(BEP-20).
The DNF bridge will also allow users to transfer their ERC-20 DNF to BEP-20 DNF if needs.
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.
Good news. We would add more liquidity to PancakeSwap soon.
The official announcement is on the way.
Nana: 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 gas fee for their transactions to be processed.
2) In order to promote decentralized community governance for the network, $DNF token would allow holders to propose and vote on on-chain governance proposals(DAO) to determine future features and/or parameters of the DNFT Protocol.
3) Users who actively participate in the protocol would receive airdrops of DNF tokens and NFT for user engagement.
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.
Nana: Please share with us the DNFT official links.
Telegram Group: https://t.me/dnftprotocol
PART II: TELEGRAM COMMUNITY QUESTIONS
Q1. What are the five main components of DNFT?
Adam: On our mainnet there are five main components. Home page, Market, Mining, Bridge, IGO
- The home page will give promotions for some marketing campaigns and also we recommend the hot NFTs for our users
- The market is just like NFT marketplace, you can see different NFTs and trade
- Mining page there’re three pools that you can stake our token $DNF, there are three options which are 1 month, 3 months, 6 months. They have really good APR. Also we will give you free NFT if you stake a certain amount of $DNF.
- The bridge is crossing our BEP-20 token between ERC-20 token
- IGO is the best launching place for new gamefi projects to release their NFTs
Q2. What are the criteria for joining the NFT competition as an artist?
Adam: We don’t have any criteria for artists. We’re DAO, we’re community-oriented. We’re a decentralized NFT platform. If you trust yourself and wanna join then you can Jon and be an artist. But the favorites you can get are by our community. Anyone can like for your NFT. So it’s fair for everyone.
Q3. Can you give an overview of your Tokenomics and the UTILITY of Token?
Adam: Hi here is 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 Sale. 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.
Q4. Nowadays, NFT is growing and becoming a new innovation in the Blockchain world. But there are many Users and Creator still don’t understand how to create & trade NFT. What’s your plan to Engage these people? Do you have some tutorials video that can be used as an Educational tool?
Adam: Yep. A lot of artists which are talented but don’t know how to use the platforms. We will make some videos for everyone easily to learn how to mint/sell/trade their NFT. Yesterday I just uploaded a new video to give people an overview of our mainnet.
Here is the link https://youtu.be/YaOPV9jOQGg.
Also, we would keep updating the videos to make sure everyone can understand and know how to use them. Our community is also very helpful, if you have any questions, please join our telegram group.
Q5. DNF main network is very good. Will the Chinese market be considered in the next step?
Adam: Absolutely. The Chinese market is so important though the policy keeps damaging the people's confidence. We would collaborate with some Chinese communities and also pay more attention to the marketing campaign 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. We’re Hiring!