GAT Network
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GAT Network

Wit:
Hello everyone, shall we have a chat? 😊

Roman:
Hi Family! So, the first update from me after the Binance Demo Day. Bulk deals have been deployed in the V2 preview. The landing page is also being worked on. You can see the current state already deployed. There will be a link with an easy modal to get / wrap more GATe, for example.

I am currently working on several reported improvements and bug fixes. Like multi-select of assets from your wallet for a new deal. This will take a few days.

The next bigger step is migrating the bridge to V2 and preparing the switch so that V2 will be the primary market. The old market will still be accessible through a legacy subdomain domain.

Also, the next milestone are the auctions, which we are already working on.

Johalex:
Hello, yes😊

Wit:
Regarding the Demo Day. It went very well — we were the first to present. Have about 15–20 new contacts from there already. Talking to potential partners/investors 😊

You may want to check out the current MV2 Preview at https://v2.minted.vodka

Johalex:
in which part of the ecosystem there is greater interest on the part of those present in the demonstration. I assume that in MV2?

Wit:
Yes, we had only 7–10min so we focused on MV2 as it offers so most lucrative growth potentials to investors.

But, of course, we also have shown our games, but only superficially

OphirNoor:
What was the most interesting questions that the potential investors did? Do they ask for any specific feature? about MV

Wit:
I think there were only two questions per project. In most cases very generic questions. In our case it was about a) our token supply and b) future revenue streams

9 Projects, the Demo Day lasted over 2 hours

OphirNoor:
I see

Wit:
But we had the advantage to present to a “fresh” audience 😉

OphirNoor:
this is very positive
About future revenue streams do they ask the time frame?

Fabrizio:
Is someone scared about low supply (2M)?

Wit:
No, simply where we plan to have revenue. MV2 services (minting, trading, etc.) is the answer

Not that we know of. Another project has an even smaller supply (below 200,000 tokens I think)

Johalex:
the important thing is that our supply is adequate to our offer of services. on the contrary a too low supply would be a problem👌

Ophir Noor:
I mean are these going to be long term investors? Because I read the part of the new supply is deemed to be locked for new investors

Wit:
We are in early talks. Our objective is to find equity investors first (not token investors). Equity investors are usually more long-term (so at least 2–5 years). If we were to fundraise with tokens, we would ask for long-term vesting (min. 2–3 years or longer)

OphirNoor:
ok, great

Wit:
We are not under much pressure, though, regarding current market conditions. The project is financed beyond this year. However, additional resources are welcome to upgrade our business side and development.

So, we keep building the product and our network and look around for arising opportunities and collaborations/partnerships.

Currently the market is in a downturn, so we don’t expect too much to happen on fundraising very soon.

In any case there are new partnerships forming, that you shall hear about soon 😊

OphirNoor:
Yes, there is the risk that new investors will ask even more discount

Wit:
Yes, if we were to raise through tokens, we should expect a discount demand of 30–60%. But we are way too greedy with the tokens to accept that 😊

OphirNoor:
I completely agree

Johalex:
in agreement each GAT is very valuable🤝😊

Fabrizio:
I have a technical question. To querying and manage data on blockchain, did you have a custom layer or are you using some existing product?

Roman:
It is all custom. There is no existing product that could do the stuff we needed 😄

Fabrizio:
Ok. Is it explorable to a product? I known some people could be interested

Roman:
The API is not yet open, but it could definitely be made so. At least for some parties. If you know people with a valid use case, we could talk about it!

Wit:
Today 2 new use-cases for GAT have been deployed, so yes, it becomes more valuable 😊
1. GATe used for Bulk Deal payments & fees
2. GATe used for Mystery Box payment & fees

Pete:
User-configurable bulk deals and mystery boxes are really cool.

Loving what I’ve seen so far…and with a couple of small tweaks it’ll be so user-friendly! :)

Johalex:
when do you think we can mint NTFs in MV2?

Wit:
Earliest by the end of Q1 (so earliest in March)

Johalex:
😊👏I wait anxiously. my first nft will be minted in MintedVodka

Wit:
😊👍🏼 let me know

Daigo:
Will the discount for new investors bases on the current price? I think it may be inappropriate if it is based on the current price.

Pete:
Well indeed, investors will always want the best deal they can get…so being greedy we prefer not to make a deal at the current price. To be honest we do not have so many tokens even available for investors as opposed to other purposes, so we prefer investors interested in equity…

Wit:
Daigo, as I said, we don’t do any fundraising with tokens in the near future. Perhaps with equity of the company.

Pete:
After all, the growth fund is for growth, and if the investors can’t help us get enough growth from their investment for the tokens that they ask, then it’s not a good deal.

Growth is better than money for the project…

Chen Yency:
Indeed right

Wit:
we are looking for growth, first of all, indeed. And even if we find investors, we ask for value added (like advice, connections, etc.)

Pete:
Yup, investors who only offer cash (like the guy in the TG the other week) are really not interesting for the project.

Daigo:
ah looks like I missed something important. yea I have checked it.
No problem to have more equity investors!

Wit:
😊👍🏼 I mean a really good long-term equity investor may get a minor allocation. But it is not something we actively look for. In fundraising in the near future we look mainly for equity investors.

It’s hard to find investors who support and help projects as Binance Labs does. Binance Labs is indeed a “Ferrari” among investors — as far as we can judge. Good to be a part of Binance Labs family/portfolio! We have been offered different kinds of help/support beyond the incubation program.

Johalex:
From my perspective, I see the delivery of the token for listing to Binance as valuable. and in fact a lauchpad with them would be fantastic. making binance our biggest partner is ideal. In fact, it can be seen that we are on the right track.🤞

this is really promising. it is fair to insist that it has been a gigantic achievement🔥🦾

OphirNoor:
Maybe an industrial partners would be perfect… like Samsung or MIcrosoft or even Google… I am dreaming

Wit:
👀🤔😅

OphirNoor:
Can you imagine what sort of door will open for them?

Wit:
Our network’s growth is accelerating — that I can say 😉

OphirNoor:
Instead of Google Photo, you will have Google NFT, using MV to create deal or mkt place

Wit:
We are just getting started with MV 😊

Fabrizio:
You are the unique german that saying Ferrari instead mercedes 😂

Daigo:
it should be ‘Porsche’ there haha

Wit:
Ferrari is beyond all that 😉

Daigo:
Will MV2.0 be deployed on ETH in Q1? Right now most of the great NFT communities are on ETH, connecting to them would be a good way at the community level.

Roman:
Yes, we will deploy the trading capabilities on ETH as soon as possible

We wanted to fine tune the contracts before deploying on Ethereum as it costs a lot to make any changes

Johalex:
On the other hand. the new website is amazing, very suitable to the ecosystem. all the members of the team are showing an ability that impresses🔥

Fabrizio:
do you remember my propose regarding zigzag liquidity trading ? Did you study it? I think it is a good choice to retrieve new liquidity

Roman:
With all the demo days and bulk deals tasks I did not have time to look at it, yet. But I will do over the weekend!

Fabrizio:
Good .. It is becoming very interesting. More token have been listed

Daigo:
Is the Reward system (part of the GATe supply) on MV2.0 still in the plan?

Wit:
Yes, but we have no exact mechanism for MV rewards yet. It is something we want to do in one way or another, though.

Daigo:
the current mechanism for NFT market is what $LOOKS doing. I don’t know if it is good or not. But you will get a good mechanism for MV.

Wit:
We have different approaches in mind: for MV rewards and for MV staking 😊

Daigo:
haha after the change of your website, I almost forgot the idea of MV staking!
It has been in your mind for a long time.

Wit:
Well, there are also different approaches how it can be done, that we discuss 😊

Daigo:
no problem

Roman:
There was no reason for staking before any real use-cases such as fees collected on MV in GAT(e), but it is coming

Wit:
The technology for staking has been already developed on our side to a certain extent

Roman:
together with minting, where it will have the most impact

Johalex:
definitely have to do it. welcome staking!🥳

Johalex:
Has the CMC been requested regarding the modification of the Token offer and the change of name?

Daigo:
I think the change of name will be requested after GATe minting

Wit:
As it is a separate contract (that already exists), we will create separate profiles at sites like CMC and CG

it has not been done yet

Daigo:
BTW, is there any plan that signing some hottest NFT projects to only IMO in MV?
My friend, who working hard on white list in many NFT communities now, told me that this may be a great way to promote MV at the community level. Just like to have some popular bands after building a new shopping mall.

Wit:
We are reaching out to brands and artists — if your friend can help us with that, it’d be very much appreciated! 😉

Roman:
Okay guys, it was awesome talking to you all. I am back to work.14:03
Stay safe all!

Johalex:
👋🦾

Daigo:
thank you so much to have a community hour here, see you!

Wit:
Let’s repeat next week perhaps? Back to work! 😊👍🏼🚀

Talk to you soon!

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GAT Network

GAT Network

https://gat.network/ crosschain NFT Market + p2eGaming + DeFi + NFTs + GAT Token (deflationary) @Binance Smart Chain (BSC) and crosschain!