Livestream recap: Vietnam Blockchain Landscape 2020 — KardiaChain, Atoken, GFS community, TAG trading group
Part 1.
Q: Hi Tri, Mr. Tri is the CEO of KardiaChain, could you please introduce some of yourself and the KardiaChain project to the community?
Mr. Tri: Hello everyone. KardiaChain is a hybrid blockchain platform, connecting public and private blockchains, KardiaChain mainly provides solutions for businesses as well as governments to adopt blockchain for their products and services and increase practical use cases for blockchain.
Q: The next guest is Pham Huu Phat, the marketing director of Atoken. Could you briefly introduce yourself and Atoken?
Mr. Paulus: Hello everyone, I am Paulus, I am marketing director of Atoken e-wallet. Atoken is a decentralized online wallet for storing digital assets (cryptocurrencies). Alternatively, you can use Atoken to access the Dapps, and Atoken is also about to cooperate with Tri’s KardiaChain to support KardiaChain’s KAI tokens and a number of Dapps.
Q: The last guest is Mr. Nam. Can you introduce yourself and Tag Group to everyone?
Mr. Nam: Hello everyone, I’m Nam, currently the founder of Tag Group, a group specializing in crypto and forex trading that has just been established for 6 months. Besides, there are a number of developers who develop applications to help the community update the news about cryptocurrencies as quickly as possible and exchange signals about forex trading.
Question 1: Can Mr. Tri express your opinion on the current situation, and does this pandemic affect Kardiachain’s development roadmap?
Mr. Tri: This disease adversely affects the world economy in general, although this is a shock to the whole world, many countries have got the right strategy and have quick response measures. Over time, the economy will be revived very quickly. However, social distancing will surely affect labour productivity. In fact, KardiaChain’s activities are all online, so this pandemic is an opportunity for partners to see the importance of online access with KardiaChain and blockchain. For example, public service companies will receive a lot of procedural support if they work on blockchain.
Question 2: Can you share with the community about the achievements of Kardiachain recently? What has KardiaChain prepared for itself to look for growth drivers? What practical applications does KardiaChain have recently?
Mr. Tri: KardiaChain has recently successfully been listed IEO on Gate.io. Being listed at this time can be considered an achievement for KardiaChain, because the liquidity of KAI token is necessary to deploy product launch projects with partners who have worked with KardiaChain throughout 2019. In 2020, I am very happy to launch new applications of KardiaChain, such as ON Sports in collaboration with VTVCab Sports to bring new blockchain-related features such as more transparent voting or predicting games by applying token. Another product is going to take off tomorrow — a beta livestream to donate to streamers, help streamers receive donations and use KAI tokens to increase rank and interaction with users. This product is suitable for the present time because most people are at home watching livestream and helping streamers earn more income. This year I have many other products with the telecom and other partners, but I would like to keep it a secret and try to launch new products monthly.
Question 3: Thank you, with the current difficult situation, the economic downturn in almost all markets not only crypto, the SP 500 indexes, the price of oil price of big companies also decreased dramatically. Today, we will discuss about our projects about their growth plans during the season. Phat can share with everyone the Atoken wallet application as well as the opportunities Atoken brings in the Vietnamese market.
Mr. Paulus: Atoken hopes to bring more value to Vietnamese people, especially those interested in the blockchain and cryptocurrency markets. Atoken supports people with a place to store their digital assets with high security, so they can both store and use it to create other assets. In the near future, Atoken will cooperate with the DNA and Kingdom Game projects in Vietnam on the Staking program, after Tomochain. In addition, we also have Lock feature and earn interests from token lock, by the end of the month we will release the first version of token lock with Kingdom Game. Besides, we contribute to the community by collaborating with businesses in the Food and Beverage industry to create opportunities for users to convert tokens into discount codes or voucher to apply online during this pandemic. We also provide online rewarding games and Dapp with token like KardiaChain.
Question 4: What about KardiaChain, a blockchain project with the potential to replace COSMOS in Vietnam, which has also been quite active recently despite the market fluctuation. What value is the project expected to bring?
Mr. Tri: First of all, KardiaChain and Cosmos though focus on the Interoperability, we do not compete because KardiaChain will helping businesses to adopt blockchain easier while Cosmos focus on existing public blockchains or parties who already adopt blockchains and want to link those blockchains to other blockchains. KardiaChain’s market is currently quite difficult, but we are aiming to blockchainise the existing services to add more value; for example, when users who already have a tipping demand for streamer, KardiaChain will help bring the activity on blockchain to make things easier, transparent and more attractive. Another example is our project with a Vietnamese telecom, normally users logging into Facebook or applications will have to verify their phone number via OTP code which costs more for the service providers and cannot secure the OTP code. Instead, KardiaChain uses blockchain to help users verify phone numbers directly with the telecom to solve this problem, helping businesses reduce SMS costs and increase security.
Question 5: Can Mr. Nam share with the community your experiences of the market’s top-to-bottom experience as well as your comments about the upcoming market?
Mr. Nam: From a trader’s perspective, I think the situation of the upcoming cryptocurrency market is quite positive through two factors. The first is the Covid pandemic, which pushed the price of Bitcoin to a very low price of $3500 allowing for new investors to enter the market at this time. The second is the upcoming Bitcoin “halving” event on May 12, when the amount of Bitcoin halved, pushing Bitcoin and cryptocurrency market prices up in three scenarios: increase before halving and then decrease, then it go up again; remain the same because everyone will focused on the margin market; or fall after halving like the case of BCH.
Question 6: For crypto investors, risk is always the top factor. Riley, as a partner of the GFS community as well as marketing manager of Bibox in Vietnam, do you have anything to share with project leaders, communities, and crypto investors about risk management in the current context?
Riley: Risk is inevitable in investing, and my first rule is not to go all in ever. The second is not to put all eggs in one basket, but not to divide it too small either, just concentrate on 3–4 projects you really interested in to follow and analyse the market, and monitor your P&L. My view during this pandemic is that BTC price will hardly increase up after halving, because of the poor financial position of the world, investors are more likely to keep cash to preserve their assets instead of taking risks. In addition, the current crypto market does not have innovations to attract users, like the ICO and MLM of 2017 that created new money flow into the market pushing up the price. And if the price increases at this time, it is usually due to the “sharks” pushing the price to exit goods at this time. The halving event with the nature of reducing supply and inflation will directly affect the miners, depending on the price of BTC, the miners will adjust their operations.
Question 7: Phat, can you share your opinion about investment?
Mr. Paulus: I personally am not a trader but mostly a staking. The reason I chose Atoken is because this is a more sustainable way of making money, there may also be certain risks, but I want to stake coins that match my potential criteria. You should consider cryptocurrencies with limited supply to avoid inflation and pay attention to community-backed projects and high liquidity that bring real value and practical use cases, such as Tri’s KardiaChain project, which can be used for sport prediction games. I personally believe that such projects will gradually replace virtual value projects. In addition, I advise people not to go all in, and to keep their private keys stored in wallets such as Atoken or any place only they know to avoid being hacked.
Part 2.
Q: Does the KardiaChain team plan to list KAI on other exchanges?
Mr. Tri: We will definitely continue to list on other exchanges. Our goal is to be listed on the largest exchanges in the world this year, and on any smaller platforms that offer us the opportunity.
Q: Staking is widely used by many cryptocurrencies today. What is the difference between Staking on Atoken Wallet and other Staking? Do you have a plan to issue your own token?
Mr. Paulus: Staking is a new trend, gradually proof of stake will replace proof of work. Delegate Proof of Stake (dPoS) will eliminate the learning curve and technical requirements to make it easier for the process. The PoS on the Atoken wallet will be very simple, just register an account, add money to TomoChain, and follow the instructions of the projects, and the money will be paid automatically to your wallet when it is time to pay the stake. Later Atoken will also introduce in its application Lock projects with parties wishing to control their circulating supply. The token issuance is very complicated especially for companies headquartered in China such as Atoken; however, we are considering and would like to see more opinions from the community.
Q: The app TAG is pretty good, but it is still monotonous. What TAG has done to make the TAG app and token accessible to users?
Anh Nam: The TAG app has 3 development stages. The first is to set up a tool to support traders in the community, to share signals and fastest listing information on the market for traders to execute orders more appropriately. The second is the launch of automation tools, focusing on those who consider cryptocurrency trading to be a side income. This tool helps people apply trading filters to 5 exchanges to support their decision-making process. Next, we will develop the Tag Lot application for everyone to play lottery, the Tag Lot will be drawn once a month, 90% of the money will go to users, 5% will be for developers, and 5% will be maintenance costs of Tag Lot smart contract. Another stage we want to deploy is online marketing to reach low-income people.
Q: What is the opinion of the admins about calculating BTC price after halving? Since almost all coins and tokens increase or decrease according to the BTC price, does KardiaChain have any strategy to reverse the BTC dump after halving BTC?
Mr. Nam: The price of BTC during the halving event remains uncertain. In my opinion, for BTC to increase sustainably, it will require a long accumulation period, so in this unstable period, after halving BTC price will decrease by 1–2 months before increasing again at the end of the year.
Mr. Tri: As for the KAI token, because I don’t have the expertise in trading, I won’t recommend how you should trade. KAI token will benefit both ecosystem and users. I hope for the price of KAI token will be independent of users’ demand for it. My strategy is to focus on the 3 big communities, firstly the football fan community with ON Sports app that allows them to watch the matches, book a game ticket, or even reserve football fields. The second is the community of streamers, they can hold KAI token to gain rank and donate. For the last community, I have to keep it a secret, and it will be a surprise; maybe later on this year we will approach that community.
Riley: Unlike traders, investors are more concerned with the real and long-term value of tokens than the daily fluctuated prices.
Q: My opinion is “your key, your coin”, so what benefits will Atoken bring to users so they can trust and keep their keys on Atoken?
Mr. Paulus: Atoken is a project backed by large funds like DFG, demonstrating Atoken’s potential, and in the near future, we may work more with ETC. In addition, the 12-character private key will give you access to your wallet anytime from the application. You can contact me directly for more details.
Q: It is known that KardiaChain is currently running on ERC20, however, many people think that Ethereum is very slow, do you plan to switch to another platform like BinanceChain or Kardiachain’s own mainnet chain?
Mr. Tri: We are technically ready for the mainnet, we are just working on a few issues, and will switch to our own mainnet. Currently, apart from ERC20, many platforms also offer us to cooperate with them, but all are still just temporary because we will eventually switch to our mainnet.
Part 3.
Mr. Tri Pham hosted a minigame asking 10 fastest audience to download ONSports Adapp and comment their referral code, the 10 fastest people who became the winner were Trí Lê, Nguyễn Dũ, Bảo Hoàng, Hoàng Trung, Nguyen Huy, Quốc Nguyên, Khánh Nguyễn, Pham Hac Duy Nguyễn, Hà Lộc, và My Hà Lê.
Mr. Paulus hosted a minigame that asked the 10 fastest audience to add KAI tokens into their Atoken wallet, and send their ID, as well as their likes, shares, and comments on the livestream directly to Paulus to receive the rewards from him.
Vietnamese version HERE.
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