GAINS Associates
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GAINS Associates

Curate — Telegram AMA — August 30

On Monday, August 30, we had the pleasure to welcome to our Telegram chat:

James Hakim, CEO,
Moe Carrim, CFO and
Tomás Domingos, Vice President.

We asked them questions about the development of Curate.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Summary

CURATE is the world’s first blockchain agnostic gasless physical goods and NFT marketplace that also serves as a gasless multichain bridge between major chains such as ETH, BNB, ALGO, EGLD, AVAX.

Also, CURATE is built on its own native marketplace allowing buyers and sellers to exchange physical and digital goods such as gaming, electronics, NFTs, clothing, fashion, and more.

CURATE utilizes a decentralized blockchain network as a means of providing a reward in the form of $XCUR, our native token, to buyers and sellers on all successful sales.

CURATE offers cryptocurrency payments as an optional form of payment outside traditional options such as credit/debit card and Circle. Spending XCUR in-app offers zero gas fees as made possible by CURATE’s proprietary private blockchain.

Introduction

Q — Ayeley from GAINS: Please introduce yourselves. What did you do before crypto and did you have any other previous venture in crypto?

A — Tomás from Curate: I’m Tomás Domingos. This is the first crypto project I’m a part of, but I’ve been a follower of the space for quite some time now. Before crypto, I used to be a professional basketball player and an Economics major student, which I’m still pursuing. I’m the Vice President of Curate.

A — James from Curate: Hi guys, I’m James, the founder, and CEO of Curate. I founded the project over 2.5 years ago back in January 2019. Before Curate, I was a crypto trader and full-stack developer working on another marketplace in the ad space.

Our CFO, Moe, was our 1st ever investor and now leads finances and operations and is pivotal to the companies vision planning and development!

Q — Ayeley from GAINS: Can you share some words about the team behind the project?

A — Tomás from Curate: The team we have is brilliant, we have a hardworking culture and we try to be better every day at Curate, hence the project’s successful developments so far.

A — James from Curate: Sure, we’re a multinational and multidisciplinary team with an average experience of 10+ years in crypto! We’re passionate about bringing a gasless ecosystem to the crypto space and we’ve started with our 1st product, the gasless NFT marketplace which is also blockchain agnostic!

Q — Telegram user Anitax: For the third quarter of the year, they plan to add 7 new members to the project development team. So, can you explain why you decided to increase the team?

A — James from Curate: Due to growing pains, we need to scale up the admin team and structure the departments!

About Curate

Q — Ayeley from GAINS: What is the project about in a few simple sentences? For how long has Curate been in existence and what was the inspiration behind this?

A — James from Curate: I founded the project over 2.5 years ago back in January 2019 from my kitchen counter when I was brainstorming new ideas after having a really bad day at my day job! Originally I planned Curate to be a fashion discovery marketplace utilizing crypto and blockchain. This was inspired by an uneventful night of picking out a new summer wardrobe online (lack of ideas, no discovery platform/marketplace) and my love of crypto which is why I married the two ideas together! Over the years, Curate evolved into what it is now, a gasless NFT marketplace, with the multichain, desktop web app, and card integration all being developed! We’re also still going ahead with the original idea of a physical goods/peer-to-peer marketplace which will be out soon!

Q — Ayeley from GAINS: What are some milestones achieved by Curate so far that you’d like to highlight?

A — James from Curate: Most recently: Over 1.5M $XCUR in-app Volume 4,300 active users 7,200 minted NFTs $6.5M traded in-app Over $5,000 in rewards Over $150,000 in gas fees saved Carbon neutral We also have a number of upcoming partnerships and integrations to be announced soon, a couple of which are 2 x Top 10 market cap projects! 👀

Q — Twitter user @salmanfarizi421: Recently, in the NFT market place we are always having some issues like copyright issues. Do you have a way you look at the issue of copyright in your NFT market or do you have any plan of creating a p2p that enhances communication among users that sells and buys in your marketplace?

A — Tomás from Curate: Ownership is a cornerstone of crypto and blockchain technologies. At Curate we develop a marketplace where every NFT is reviewed to make sure it’s compliant with our Terms of Service, mostly tackling copyrights for brands, and copied artworks from other artists. We’ve added features like watermarks for users to preview the NFTs, this protects our market’s content from being exploited, protecting our users as well. For P2P we’re focused on creating a swift and smooth flow of transactions of goods as well!

Q — Twitter user @godpelpa: On your website, you mention “Carbon Neutral”, which I found very interesting. So, can you explain if Curate has an environmentally friendly perspective? What do they mean on their website by “Carbon Neutral”?

A — James from Curate: Carbon neutrality is all about achieving net-zero carbon dioxide emissions. This is done by balancing emissions of carbon dioxide with its removal or by eliminating emissions from society! At Curate we do this by planting trees to offset our entire carbon impact for the year! We’re working with award-winning Ecologi, a UK based company who have helped companies planted over 18 million trees to date, they help calculate your carbon impact to offset it- they’ve also endorsed our company with a climate-neutral workforce so even when our employees work from home or use other devices we’re covering them too!

Token

Q — Ayeley from GAINS: What is the token use case and how does it capture the value of the ecosystem you’re building?

A — James from Curate: Our token checks all of the boxes when it comes to utility, since it provides lower commissions when purchasing items, it will be able to give added bonuses for our upcoming in-app staking, governance, and you can even use it outside of the ecosystem, we have partnerships with Travala and Shopping.io, where you spend your $XCUR on travelling expenses and Amazon products.

Partnerships

Q — Telegram user CATS ❤️❤️: You said about partnering with Shopping io and Travala. Can you share with us the updated partnership plans with other projects for the future?

A — Tomás from Curate: There are plenty more projects that we’ve partnered with, check out our website. But I can guarantee you we’re not done, a lot to be announced as well!

Q — Twitter user @phuongkcl: Collaboration and partnerships are one of the cornerstones to making DeFi more widespread. Can you share some of the partnerships you have formed with existing blockchain foundations recently?

A — Tomás from Curate: Having a multichain allows Curate to push the barriers of the NFT space, but also on other services like DeFi. Curate has a lot of partnerships announced and plenty more to come, but when it comes to blockchain foundations we’re partnered with Polygon and soon to announce a partnership with Polkadot, so here’s a leak for the Gains community 😉🔥

Q — Telegram user Maria Fuentes: Among your associations, I am surprised that you highlight the “Association with Moonbeam”, so could you explain to us how important this association is? What benefit will it provide for Curate?

A — James from Curate: Funding and intro to Dot where we have a partnership and integration in the works!

Competitive Advantage

Q — Ayeley from GAINS: What sets Curate apart from the competition?

A — Tomás from Curate: The Curate project is a new approach to NFT space that doesn’t sacrifice the original, we focus on user experience and we try to push the boundaries of this crypto field, We are gasless, which is a major problem for a lot of markets, we have low commissions, seamless app UX, we’re adding credit card purchases, web desktop app, the physical goods market, DeFi and governance all in our Ecosystem.

Q — Twitter user @jonny25064148: In recent years, technologies around layer 2 blockchain solutions have developed dramatically. How does “CURATE “ fit into the boom of layer 2 networks? What makes CURATE different from all other platforms of this type?

A — James from Curate: Curate operates on its own blockchain, The X-Chain, which allows us to provide a gasless network open to other chains to integrate with, allowing for blockchain interoperability. As such, we’re the only gasless multichain solution for NFTs!

As a result, we’ve saved our community over $150,000 in gas fees thanks to our unique technology

A — Moe from Curate: Curate has developed a proprietary Layer 1.5 solution that has the capacity for over 20 000 Txs/second and near-instant finality — It also gets its layer 1.5 name from removing all the complexities of well-known Layer 2 solutions but provides all the capabilities and more without users having to leave the Ethereum network entirely!

Business Development

Q — Ayeley from GAINS: What is the future looking like for Curate? And what should we expect in the next weeks and months?

A — James from Curate: In the near future you can expect credit card integration, KYC automation, web desktop app launch, and our beta physical goods market. There’s plenty more, make sure to check out our roadmap on our website.

Thanks guys for coming into our community, and taking the time to answer our questions. Anything else you’d like to say? Where can we follow you to stay updated? — Ayeley Commodore-Mensah from GAINS Associates

You can connect with us - Website | Medium | Telegram | Discord | Twitter | YouTube — James Hakim from Curate

Join us now! Enjoy quality articles, daily curated news, insightful infographics, and enter a vibrant, fun, and knowledgeable community!

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