Lepricon
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Lepricon

Lepricon x Spacepad AMA Recap

Date: 08/03/2021
Time: 14:00 UTC
Venue: SpacePad Telegram Chat Room https://spacepad.io/TGC
Guest: ๐Ÿ€ Phil Ingram
Host: ๐ŸŽ Mustang | SpacePad
Admin: ๐Ÿช Brian | SpacePad

Section 1 (Introduction):

๐ŸŽ Mustang | SpacePad:

SpacePad to Earth, this is Mustang. Welcome and thank you, everyone, for joining us today, for another AMA to be hosted on SpacePad. It is our pleasure to have this AMA with Lepricon, one of the most exciting Blockchain projects of the gaming industry today.

Joining us today is Phil Ingram, CMO of Lepricon!

Phil, would you like to give us a short introduction of yourself and Lepricon?

๐Ÿ€ Phil Ingram:

Hi everyone. Thanks, Mustang for the kind intro โ€” we agree!!! โ€” and I am very happy to be here.

Delighted to be here โ€” Right โ€” boring bit first me then we can get on to the more interesting stuff.

So, I am indeed the CMO for Lepricon. And while I have been an owner of crypto assets for about four years I am not from the crypto world โ€” I have been in sales & Marketing for over 30 years (yes, I have wrinkles) and before I joined this company in August I was originally from the travel industry, at least what was the travel industry. Josh, the CEO, and someone I have known for 20 years asked me to come aboard because an important part of Lepriconโ€™s plan is to market outside of the core crypto community. I am a consumer brand builder by trade so that is my task here.

Now, Lepriconโ€ฆ.

Lepricon has many faces and I think represents the way companies that use blockchain but are not just decentralized finance apps will work.

On the one hand, we are a gaming company โ€” entertainment โ€” we will provide a hyper-casual gaming experience to people who want to jump in and out of a game on their phone (we are mobile-first)

๐Ÿช Brian | SpacePad:
Itโ€™s good to know there are some super experienced people behind Lepricon

๐Ÿ€ Phil Ingram:
Itโ€™s good to know there are some super experienced people behind Lepricon

On the other hand, we are a token economy company, which means we have an operating token โ€” L3P โ€” which is the oil in our machine. To the stakers it is a yield instrument โ€” to the gamers, it is the in-game currency.

AS well as the play/predict/swap/earn activities described above, we have a strong focus on NFTs in our strategy โ€” and โ€” we will transition Lepricon to becoming a DAO so that community members whose wallet addresses contain L3P get a say in the overall direction of the platform

๐ŸŽ Mustang | SpacePad:
Right Awesome thank you for the Phil!

That was simple and straightforward, Perfect!

Right, now that we are all warmed up, why donโ€™t we dive right into the critical part!

Here are 5 different questions that the SpacePad team has come up with, based on our communityโ€™s interest, lest start off with the first one, shall we?

๐Ÿ€ Phil Ingram:
Fire!

Section 2( Community Questions):

๐ŸŽ Mustang | SpacePad:

Q1.With the current boom in interest and spotlight on NFTs, both within and outside of the Crypto community, what would you say Lepriconโ€™s position and approach are regarding NTFs? Specifically in terms of future development.

๐Ÿ€ Phil Ingram:

NFTs are a significant part of Lepriconโ€™s strategy both on the gaming side and the DeFi side of the platform.

Now, I have to be a little vague because we are about to make some announcements and I cannot leak but I can lay out the basic strategy.

We envisage three areas of value for NFTs โ€” utility or power over gameplay, utility or benefits on the DeFi platform, and collectability.

Our first NFTs will be called the Genesis NFTs and they will break into tiers. All will offer significant benefits (fees, APYs, a voice) on the DeFi platform as they are designed to reward those that fuel our first liquidity pools.

But there will be regular issues of NFTs that work with the games, feature famous artists, and have varying utility. Collecting NFTs will be a core thread in the Lepricon experience.

๐ŸŽ Mustang | SpacePad:

I see what you did there Phil

Trust me SpacePad will be lock and loaded
Content of those announcements will be given to our community with no delay

๐Ÿ€ Phil Ingram:

Soon, Terrifyingly soon.

๐ŸŽ Mustang | SpacePad:

I see!
That does sound like Lepricon is truly keeping the gaming experience at its very core focus which is awesome since Iโ€™m a gamer myself too

๐Ÿ€Phil Ingram:

Well, and I should have pointed this out beforeโ€ฆ

Our founder and CEO, Josh Galloway, is a 20 year veteran of the video games industry, He was a producer on the original Max Payne game, for example, We are a gaming and entertainment company that uses Blockchain to deliver the experience we want to deliver where it is the appropriate technology to do that. We are not a blockchain company. Itโ€™s a very important distinction

๐ŸŽ Mustang | SpacePad:
wow, the true embodiment of for gamers by gamers aye ?

๐Ÿ€ Phil Ingram:

We want to be

One of our advisors is Frank Yu โ€” he was the project lead on launching the first Xbox in Asia. We have some really skilled and experienced people on the gaming side.

I give his name by example โ€” we have a massive advisory pool and most are seasoned experienced pros at their respective specialisms.

๐ŸŽ Mustang | SpacePad:

So far the Lepricon team sound like a bunch of very cool people indeed

๐Ÿช Brian | SpacePad:

Wow Xbox thatโ€™s awesome!

๐ŸŽ Mustang | SpacePad, [8 Mar 2021 at 10:29:40 PM]:

On that note, why donโ€™t we get straight into the second question?

๐Ÿ€ Phil Ingram:

We are actually a very cool bunch of people. We love what we are doing, A lot of people work a lot โ€” A LOT โ€” of hours because we are very passionate about it.

Yes โ€” goโ€ฆ

๐ŸŽ Mustang | SpacePad:

Q2: We can see that Lepricon has been collaborating and actively participating in the RioDeFi ecosystem. Can you tell us if Lepricon has any more plans concerning further or more extensive collaboration with Rio or other platforms in the future?

๐Ÿ€ Phil Ingram:

Ok โ€” Rio is a very important partnership.

A hyper-casual gaming experience means that people should be able to jump in and jump off as and when they want to.

This is not something that standard Ethereum allows for.

Rio is one of the prospective parachain developers who will give us a Polkadot Bridge. Their infrastructure allows for over 3000 transactions per second and minuscule gas fees. This capability is essential to allow people to enjoy a seamless gaming experience.

๐ŸŽ Mustang | SpacePad:

Iโ€™m getting the shivers just from thinking about all those gas fees Iโ€™ve spent

๐Ÿ€ Phil Ingram:

But, no one puts their eggs in one basket. In our timeline, we are looking at a multitude of chain options. We want to build the fastest more reliable platform technology allows for, so we want options. We canโ€™t always predict the future. We can only try and be ready for it.

There are other types of partnership as well. For example, MANTRA DAO. Now, you know that we will be using their new launchpad ZENDIT which given MANTRA DAOโ€™s native token, OM, just listed on Binance a few hours ago, is remarkably good timing for us!

But โ€” we will also use their staking platform as well. We want L3P holders to have utility from day one while we build the platform out and our partnership with them allows us to achieve this.

๐ŸŽ Mustang | SpacePad:

Iโ€™m certain that thatโ€™s reassuring to hear as a potential investor

๐Ÿ€ Phil Ingram:

There are many more partnership discussions in progress. But I canโ€™t announce them before the ink dries :)

๐ŸŽ Mustang | SpacePad:

Cheeky

I guess weโ€™ll just have to stay tuned with notification on and ready!

Next question here we go ~

Q3: From what I understand, there are multiple games currently in the works and are waiting to be released to the community in the future, all of which are prediction games, are there any plans in the future for collaboration or another genre of games? And why were prediction games as a genre in the first place? Any reason behind this?

๐Ÿ€ Phil Ingram:

Ok โ€” that is a very good question.

We chose prediction games for a couple of reasons. The first is this sort of activity resonates within the crypto community, While our real brand building will be with gamers, our first players will almost certainly be crypto-holders.

Also, prediction based games involve liquidity pools so they jump-start the economy and keep it moving

We have plans later (as in not this year) to develop a prediction markets layer based on the practical know-how we gain from the individual prediction games we will launch.

There is no limit to what we could do but we believe our best chance of success is to excel in a tight niche and build from there.

๐ŸŽ Mustang | SpacePad:

That sounds very interesting I for one is definitely excited to try the games~

Here goes question 4 hope youโ€™re ready Phil

Q4: Regarding the upcoming listing on uni swap, firstly, the SpacePad team would like to send their congratulations, but are there any further details that you can provide us? When will the initial price be released, or if there are any other listings or exchanges that the Lepricon teams see potential in?

๐Ÿ€ Phil Ingram:

Okโ€ฆ

Thank you โ€” that is very kind โ€” we are also very excited. This has all happened incredibly quickly and it still has not sunk in how quickly!

๐ŸŽ Mustang | SpacePad:

This is a juicy question if you ask me ;) we understand if there are parts where you might not be able to go into details but we are CURIOUS Phil!

๐Ÿ€ Phil Ingram:

I cannot release the initial price yet, We will release it in due course, and of course, I am a marketer, I want to jump up on the roof and scream it out.

But I canโ€™t

The listing is at 6 pm UTC on the 17th of March. The price will be announced well in advance of that.

I wish I could tell you more. We were doing so well until you asked me that!

๐ŸŽ Mustang | SpacePad:

Iโ€™m noting that down!

Thatโ€™s alright Phil we understand, but we got to shoot our shots if you get me

๐Ÿ€ Phil Ingram:

Of course.

๐ŸŽ Mustang | SpacePad:

Right the last questions then

Q5: On a grander scale, what impact is Lepricon aiming to bring to the crypto community and technology in general? Any ultimate goal or aspirations?

๐Ÿ€ Phil Ingram:

Right, unlike the last question which made me squirm, I love this one! Now would be a good time to open a fresh beer,โ€ฆ

At a mile-high levelโ€ฆ

๐ŸŽ Mustang | SpacePad:

Dang youโ€™re hilarious Phil

๐Ÿ€ Phil Ingra:

We are just now seeing two industries begin a collision of astronomical proportions. I am talking about gaming and blockchain.

Think of two galaxies colliding. At first, a few stars interact and there are the occasional flashes which light up the sky. This is where we are now.

But in time the cores come together and everything, as it was no longer, is and you have something entirely new. This is how we see the future as blockchain and gaming merge into a whole new experience.

Let me give you an example:

Gamers understand in-game currencies. They use them all the time in games as varied as World of Warcraft and Cafe World.

But those currencies are owned by the game company โ€” the people who run the servers. They can rub out your balance. They could lose it in a server crash. They can take it away from you.

Itโ€™s a centralised economy

But if that in-game currency is on the blockchain, then itโ€™s real money. The player can take it out of the game. They can swap it, spend it, or earn interest on it.

Now you have player-run economies. We believe this will become the norm and it will entirely change the playerโ€™s relationship with the game.

Lepricon allows us to learn how to do these things well. Then we can do even bigger things later.

At a lower altitude, to answer your question more directlyโ€ฆ

We believe one of the challenges with crypto is onboarding people into this amazing world. If you talk to the average person or gamer about liquidity pools, yield farming, etc their eyes will glaze over. That is just a fact. I have these conversations all the time.

๐ŸŽ Mustang | SpacePad:

That honestly sounds like a gamerโ€™s dream come true if you ask me

๐Ÿ€ Phil Ingram:

To expand blockchain it has to be offered in contexts that people understand and through activities that they actually do. Gamers understand in-game currency and special items which we would call crypto and NFTs. We need to use the language they understand. This means gaming is one of the first real-world on-ramps which can lead to greater adoption of blockchain-derived activities. And that is the basic starting point for the marketing strategy that we will execute.

As I wrote the other day โ€” gaming is the first killer app to take blockchain mainstream

๐ŸŽ Mustang | SpacePad:

Thatโ€™s got my blood pumping

canโ€™t wait to see the full potential of Lepricon

๐Ÿ€ Phil Ingram:

Nor can we :)

๐ŸŽ Mustang | SpacePad:

That was undoubtedly insightful Phil, thank you, but I am sure that there are still plenty of questions that the community would love the answer to. So without further ado, why donโ€™t we transition into the second part of the AMA.

Section 3 (Telegram Live questions)๏ผš

Q1. Many projects rug pulled an exit scam recently. Why should investors trust your project not to do the same? โ€” @lemiuyentran

๐Ÿ€ Phil Ingram:
Ok โ€” there were many I wanted to pick but this one is important to me, the entire team that I work with and to be honest it is important to anyone who might one day become part of the Lepricon community.

There are scams out there. But there are also many great ideas out there run by real people trying to do the right thing Lepricon is one such company. There are some clues you can look for:

1. Go to our website and scroll down the home page to look at the team. Not every one of us links to our linked In page and every one of us has decades of work experience. Real names, real photos, real people.

Also, look at the core team and advisors. There is a large group of people with significant professional reputations staking their name against this project.

2. Read this AMA and all the others and look at the depth of insight into what we are doing by reading all the content on our site. Go into the news/blog section. You can clearly see this comes from a place of real research and genuine effort.

There are scams. But with a little critical thinking they can be identified, I believe the depth of our online presence and the accessibility of the people behind the project demonstrates we are the real deal.

๐ŸŽ Mustang | SpacePad:
That is reassuring to hear it is also a good sign when the team is actively aware of scams and thus will be able to avoid them

๐Ÿ€ Phil Ingram:

It is a fair question to answer but I think the information is out there to help identify projects without a firm foundation.

Q2. Sorry, Iโ€™m kind of new to the crypto market and community, as a new potential investor I would like to know what kind of procedure or mechanism will Lepricon take to ensure the protection of transparency of the project in general? โ€” @bishwhat889

๐Ÿ€ Phil Ingram:
First, donโ€™t apologise. Welcome.

We will aim to be as transparent as we can be, Our tokenomics โ€” the way we will manage and distribute L3P โ€” is published information. Thus how much money we have raised and what contributors paid for their tokens in the different rounds is also published information.

There are a number of things that we are doing to ensure the success of the project and safeguard the interests of contributors. One example is that ALL team tokens, those earned in sweat equity by us, are locked for a year, We cannot sell. We cannot dump. There is no upside for us until 2022, This ensures we are committed to the project and its long-term viability.

Second, as we transition to a Decentralised Autonomous Organisation or DAO, many of the decisions about significant steps taken by Lepricon will be put to the community under the guidance of an Executive Council, The community will have a strong voice in Lepriconโ€™s future.

Right now we are an executive team as we need to lead this in a centralised way to get it off the ground. But that power and the knowledge required to exercise that power will start to shift to the community,

I hope that helps?

๐ŸŽ Mustang | SpacePad:

Sound great Phil I wish I could have gotten this when I just started and had questions about a project!

Q3. You have mentioned that โ€œTokens are bought-back and recycled into constant rewards and liquidityโ€. This is a piece of great news for the people who are hoping to invest in LEPRICOIN. Could you please explain how you are going to do this buyback? โ€” @kutisn

๐Ÿ€ Phil Ingram:
We call this our buyback and make model.

We will take a portion of the profits from our activities and use that liquidity to buy back the token on the open exchanges so that we can refeed it into the rewards cycle. This has two effects โ€” one, we remove tokens from the open market which is good for L3P holders and 2 it means we can continue to replenish our rewards pool

Q4. Will there be any legal regulation or restrictions that will play a role in hindering the development of Lepricon? Despite not being a casino in essence it might be difficult to stop authorities from categorising it as such thus affecting the project. Are these factors considered by the team โ€” @smokyboi

๐Ÿ€ Phil Ingram:

We are not a casino and never will be. That is a distinct business. Simple binary predictions are different and while regulations vary from country to country and there are some countries that we have to block, we are very distinct from what is regulated as gaming.

Closing:

๐ŸŽ Mustang | SpacePad:

Right now that we have gotten answers to some of the most difficult questions and some very interesting ones too

Iโ€™m afraid that our AMA might have to come to an end

So lastly I would like to give my sincere gratitude and appreciation to Phil

Thank you so much for your time and knowledge, Phil; that was a superb session! It was great having you here with us today. There is no doubt that all participants, including myself, have gained a much deeper and fuller understanding of Lepricon! SpacePad always welcomes you, so feel free even to pop in to have a chat with our community every here and now! As Lepriconโ€™s CMO or not, we hope that you have enjoyed this AMA as much as we haveโ€ฆ

๐Ÿ€ Phil Ingram:

I really enjoyed it โ€” thank you for having me.

Shucks. You are most welcome. I hope it was interesting for your community,

๐ŸŽ Mustang | SpacePad:

It most definitely was Phil!

Once again Thank you for your time today!

โ€” End of AMA โ€”

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Lepricon is a community-owned and governed hyper-casual DeFi and games platform that allows stakers, developers, and gamers to enjoy the benefits of DeFi in a gamified way, backed by a vibrant community in which all participants receive rewards for positive contributions.

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Lepricon.io

Lepricon is a blockchain-driven ecosystem of DeFi, games, and NFTs delivered on our gas-free Ethereum compatible side chain, Leprichain.