Trodl — Telegram QUIZ & AMA — February 13
On Saturday, February 13, we had the pleasure to welcome to our Telegram chat:
Some sentences have been slightly edited for readability but the meaning has been conserved.
Trodl is an all-in-one crypto platform that allows its users to connect with seasoned crypto traders. Users can consume accurate and verifiable crypto content backed by the reputation and also discover trading signals by experienced crypto traders.
Trodl has been in closed beta testing for some time and we will start inviting community members for mass testing of the platform. The platform is expected to be fully opened to the public towards the end of March.
25% of all platform fees collected in TRP will be burned further reducing token supply. TRP can be used to mint NFTs and ad credits which can be used to pay for post boost and platform fees for various services.
Q — Ayeley from GAINS: What did you do before crypto and did you have any other previous venture in crypto?
A — Kuldeep Singh from Trodl: My name is Kuldeep and I am the founder and CEO of Trodl.
I come from a sales and marketing background and before I entered the crypto market I used to run a subcontracting agency that specialized in business process outsourcing. Though I have been in crypto for over 4 years now this is my first crypto venture. I am the chief visionary of Trodl and my primary responsibilities are taking care of my team making sure everything is in sync within the organization and we deliver an excellent product to our users.
Q — Ayeley from GAINS: What is the project about in a few simple sentences?
A — Kuldeep Singh from Trodl: Trodl is the next-generation crypto information platform connecting the world with the future of finance. It is the first fully interactive crypto information platform designed to be your gateway to the crypto world.
Trodl provides its users with all the required crypto information in one place. A fully interactive platform that allows users to connect with seasoned crypto traders, follow their crypto portfolio, and purchase price signals with confidence.
Trodl has one of the best UI&UX you will ever witness for a crypto platform.
Q — Ayeley from GAINS: What existing problem were you trying to solve with the Trodl?
A — Kuldeep Singh from Trodl: A sneak peek of Trodl feed
Scattered crypto information and lack of interactive crypto information platforms are proving to be a major entry barrier for crypto mass adoption and we don’t have many projects focusing on this area and it represents a great opportunity.
A great user experience is really missing in crypto and I see that as an opportunity.
Q — Ayeley from GAINS: Where do you source your information from and what are some measures put in place to ensure that the information you get for your users is accurate?
A — Kuldeep Singh from Trodl: All the market data related to assets are collected directly from the exchanges and calculated in-house and data related to social platforms is collected directly from its origin and we have several data cleansing processes to make sure we always report correct information to our users.
Q — Ayeley from GAINS: What will be the use case of your token and how will it capture the value of the ecosystem you’re building?
A — Kuldeep Singh from Trodl: Great so Trodl Points (TRP) acts as a fuel within the Trodl ecosystem and users can earn TRP in several ways. By building up a reputation on the platform, by staking, by contributing accurate and verifiable crypto information.
TRP can also be staked to mint Trodl Credit which can be used to pay for post-boost, advertisement, Transaction Fees, and mint NFTs and the Trodl platform will be governed through Trodl DAO, enabling decentralized control and evolution of Trodl ecosystem.
We are also working on some crazy DeFi uses cases for the token such as staking APY and Yield Farming.
Q — Ayeley from GAINS: Special features make platforms appealing to many users. What are the outstanding features and advantages of Trodl to attract users and investors?
A — Kuldeep Singh from Trodl: Totally agree with that and ever since we started working on Trodl, our focus has been to create a platform that is feature-packed and has the best user experience. Some of the features worth mentioning are the ability to monetize direct messages, the ability to tip content creators, the ability to counter fake and false information, and access all the required crypto information under one platform.
If I say something which is factually incorrect, users can counter my claim by staking TRP and get rewarded for fact-checking.
Q — Ayeley from GAINS: What is the planned initial number of TRP tokens in circulation from the total tokens? What is the release schedule for TRP tokens? Are there any plans to increase the value of tokens for holders such as staking, buyback or burning?
A — Kuldeep Singh from Trodl: As per our Trodlnomics at launch, there will be a total of 73,750,000 TRP in circulation which will set the initial marketcap at $295,000. Even before we launched our token, we have been continuously working to add as many use cases as possible for the token, and staking is one the immediate use cases at launch. Users can also do liquidity mining by adding liquidity to the Uniswap pool. 25% of all the platform fees collected in TRP will be burned forever.
Q — Telegram user ⚡️ Batuhan ŞİMŞEK ⚡️: Which regions are the primary targets for the Trodl team? When will you be active in Turkey, the country has increased the number of crypto users like Russia?
A — Kuldeep Singh from Trodl: Trodl is a global platform and we will focus on building communities in different regions and Turkey is surely on our list.
Q — Telegram user Jun: Do you have any coin burn or buyback systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
A — Kuldeep Singh from Trodl: 25% of all platform fees collected in TRP will be burned further reducing token supply.
Q — Telegram user Club 27: What are the terms and conditions that must be fulfilled by users to become Publishers?
A — Kuldeep Singh from Trodl: Anyone interested in becoming a publisher on the Trodl platform can apply to become a publisher by staking a certain amount of TRP.
Q — Telegram user Scotch: Can the holder use $TRP for any other purposes? If so, can you name other uses for $TRP?
A — Kuldeep Singh from Trodl: TRP can be used to mint NFTs and ad credits which can be used to pay for post boost and platform fees for various services.
Q — Ayeley from GAINS: For how long have you been working on Trodl? And how many people are on the team?
A — Kuldeep Singh from Trodl: We have been working on Trodl for over a year now and been a fully bootstrapped startup since its inception. At the moment we have 7 full team members building Trodl at a rapid pace.😊
Q — Ayeley from GAINS: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?
A — Kuldeep Singh from Trodl: We recently completed our early backers and seed round and currently we are in the process to close our private round. The majority of the raised funds are being used to speed up the development process and expand our core team along with marketing and initial user acquisition. We also plan to have a small IDO in the coming days and more details about this will be available soon.
We are kind of like old-school guys who want to focus on the product before funding. 😊
Q — Ayeley from GAINS: What stage is your project at? And what should we expect from you in the coming months?
A — Kuldeep Singh from Trodl: Happy to share that we have been in closed beta testing for over a month now and soon we will start inviting community members for mass testing of the platform. We expect to fully open the platform to the public towards the end of March.
Q — from Twitter: How is the Trodl development going? Can you describe in detail current development efforts, market expansion plans, expected applications, and when will they become commercially available?
A — Kuldeep Singh from Trodl: As I mentioned, the platform is already in closed beta testing and we will soon start inviting community members for mass testing of the platform. In the first phase of the product release, you will have a full crypto information platform, complete social media features, the ability to create and post memes, technical analysis & whale alerts, and the ability to tip content creators with different crypto assets. Users will also have the ability to monetize direct messages.
Q — Ayeley from GAINS: Do you have plans to create an app?
A — Kuldeep Singh from Trodl: Talking about the expansion plans, we have a very strong go-to-market strategy in place. Along with our strategic partners, we are very confident of onboarding 200k users before the end of Q2.
We have already started the work on an android application and it should be available before the end of Q3.
Q — Telegram user Sofía Isla: When will the applications for ios and android be available? Any specific date?
A — Kuldeep Singh from Trodl: We plan to ship out Android and iOS applications towards the end of Q3.
Thanks for your answers Kuldeep. It was a pleasure having you join our community today. Anything else you’d like to say? Where can we follow you to stay updated? — Ayeley from GAINS
It was great to be here and those who are interested in learning more about Trodl and our upcoming IDO can join us here. For more information, check out our website, Medium and Twitter. 🙏 — Kuldeep Singh from Trodl
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