GAINS Associates
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GAINS Associates

Kaira Network — Telegram AMA — May 31

On Tuesday, May 31, we had the pleasure to welcome to our Telegram chat:

Mesut

We asked him questions about the development of Kaira Network.

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

Introduction

Q — Ayeley from GAINS: Tell us about yourself. Is Kaira Network your first crypto venture? It would be interesting to know about your exploits so far and how you ended up in crypto.

A — Mesut from Kaira Network: I have been in crypto since 2017 as an entrepreneur and investor. I had another crypto project before Kaira, it was a copy trading platform and I soon exited it and started to invest in some crypto projects, 2 years later I and my team started to build Kaira Network.

About Kaira Network

Q — Ayeley from GAINS: Tell us more about the project. Kaira Network, what is it about in a few simple sentences?

A — Mesut from Kaira Network: Kaira Network is a multi-chain decentralized social network for Web 3.0 communities, allowing users to create content and interact without censorship and earn token rewards while they are socializing.

Q — Ayeley from GAINS: So it’s like Twitter paying you for being on there

A — Mesut from Kaira Network: Well, actually it’s like Reddit, a kind of forum-based social network

Q — Ayeley from GAINS: Who determines how much I get paid for a post? And in which currency can I expect my earnings?

A — Mesut from Kaira Network: You’ll earn a KAIRA token and your rewards depend on the number of people who send “like/upvote” to your content.

When you stake a KAIRA token, you’ll have power. When you send a like to some content you are spending your power. It’s like an energy bar on the games. Each day your power refills and you can send like to new content.

So, basically, you are sharing some content, and if you get like you’ll earn the $KAIRA token, if you send like to some content you’ll earn the $KAIRA token (depends on the amount of your staked KAIRA balance). You can check our whitepaper for more info

Q — Twitter user @DERRYN82: Can you get Society NFT, and what kind of benefit do they offer to their holders. Are they rentable and stakeable too?

A — Mesut from Kaira Network: You can mint The Society NFTs on kaira.network. The mint price is 1.5 AVAX. The Society NFTs have many advantages on our platform. Here are the details: Medium.

Q — Telegram user Amina Peter: Are there requirements needed to fulfill before I start creating content to earn on your platform? Do I need to be a pro? Does your project give support to Newbies or people who want to start earning through creating content, like educational tools and other forms of assistance?

A — Mesut from Kaira Network: You don’t need to be a pro. It’s like Reddit, you can create topics about anything,

Q — Telegram user Maria Fuentes: Each user will be able to have 2 or more Avatars with different NFTs but with the same wallet address? Or will they really penalize users who have multiple profiles or avatars?

A — Mesut from Kaira Network: 1 wallet can use 1 NFT as a social ID but you can change your social ID. you can try it here

Q — Telegram user Gutierrez04: In this Kaira social network, will we have the opportunity to generate income in different ways? Or the only way will be the likes, share of the publications that we make, and the followers?

A — Mesut from Kaira Network: Social Tokens will be one of our and user’s income generation wars on Kaira Network before the end of the year, check our whitepaper

Q — Telegram user Lusiana©: Which secondary market will list the society NFTs?

A — Mesut from Kaira Network: Kalao

Token

Q — Telegram user Memo: It caught my attention that you will develop this Kaira social network in the Avalanche network, so can you tell us why you preferred it over other faster and more attractive networks? and also do you plan to expand to other blockchains soon?

A — Mesut from Kaira Network: We are using our own Subnet on Avalanche. It’s a kind of L2 on Avalanche. So, our chain is the Kaira Chain. We are multi-chain, already integrated Ethereum, Polygon, and BSC.

Funding

Q — Ayeley from GAINS: Did you raise funds for the project so far? How are they going to be deployed? And are you planning to do any future raises?

A — Mesut from Kaira Network: We are currently on a pre-seed round. We get our first investment a few days ago and another one is on the way. We are planning to start the Seed round after pre-seed, and Private & Public rounds will follow the Seed

Competitive Advantage

Q — Ayeley from GAINS: What is Kaira Network’s unique selling proposition? And how do you intend to get people on the platform?

A — Mesut from Kaira Network: Create2Earn is our core value, it’s a modified DeFi staking model on the social network. Kaira Network is a social network where they can share any text-based content without censorship, and earn KAIRA token reward.

Business Development

Q — Ayeley from GAINS: How far along are you with your roadmap and what should we expect in the next weeks and months?

A — Mesut from Kaira Network: Atm, we are developing a social staking contract and feature, which it’s on our roadmap for Q3. Also, we are developing some new features that don’t on our roadmap too

Q — Twitter user @iracundito: Kaira Network launched their platform on Avalanche testnet on May 15th. After this launch, what has been the response from the community? What statistics has Kaira’s growth development had as a result of this event?

A — Mesut from Kaira Network: Since we launched on testnet, 20k + posts published on our social network, and more than 16k wallets connected and started to use our platform. Our community rapidly growing and you can check stats about our platform here

Q — Telegram user My HERO 🇺🇦 💪: Does your team plan to follow a global policy to attract new users to your project or is your priority some local areas? For example, do you plan to announce your project in different countries by organizing events for communities such as Vietnam, Turkey, the EU, and India?

A — Mesut from Kaira Network: Yes, we have already started to develop local communities such as the Turkish Community, Indonesian communities, etc.

Mesut, thanks for coming into our community, and taking the time to answer our questions. Do you have any final words for us? Where can we follow you to stay updated? — Ayeley from GAINS

It was an amazing AMA. Thank you for all 🍻. Here are some useful links: Platform | Twitter | Discord | Telegram. If you have any question feel free to ask on our community channels — Mesut from Kaira Network

GAINS Associates is the World’s First Decentralized VC, allowing anyone that holds $GAINS to invest in the crypto unicorns of tomorrow. With over 3 years of experience and several ultra-high return deals, we are removing the barriers of entry to investing and changing the world, one deal at a time.

GAINS stands for Group Action Is Never Small, embodying the collaborative spirit that is the essence of blockchain and decentralization.

In addition, GAINS provides daily news, articles, video interviews as well as fun & educational events.

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