AMA Session with Prakash from EnjinStarter
Guest: Prakash , CEO of Enjinstarter
Iris: Today, we’re honored to have Prakash, CEO of Enjinstarter, in our community to give us a more intuitive introduction to their unique project.
Prakash, would you like to say hello and introduce yourself?
Prakash: Hello everyone my name is Prakash and I and the CEO of Enjinstarter. We are a Singapore based project and I am honored to be here with everyone today. Personally I have been involved in crypto since 2016 and it has been an exciting roller coaster ride but it is really exciting to be active in the space at a time like this as you know we are all headed the right way. WAGMI as they say!
Questions about the project:
Iris: What is EnjinStarter ? Can you share with us more in detail?
We are a Launchpad that is focused on Blockchain Gaming and Metaverses. We launched on 2nd of October and have been trading on MEXC since November 9th. We have completed more than 5 IDOs since we started and we are honoured to work with projects like Pixelverse and Gaia Everworld who are listed on MEXC as well other projects like Defina and Scotty Beam which are doing very well since their IDO. We have a strong pipeline of projects doing their IDO on our platform. Our mission is to work hard to get our community allocations in quality projects and to allow more people to participate in IDOs.
We are also starting our incubation program soon where we will be working with projects that need more support and prepare them for the Blockchain Fund Raising strategy.
Iris: What triggers you to launch Enjinstarter ? What are some of the real-world problems/ pain points that EnjinStarter aims to solve?
Prakash: The inspiration for Enjinstarter came after I read the whitepaper on Efinity which is the Blockchain that Enjin is building on the Polkadot Blockchain. It is going to create a new super corridor for NFTs to move from one blockchain to another. That is when I knew that there would be a need for a dedicated ecosystem for Enjin and Efinity. Enjin has been the earliest pioneer in the Blockchain Gaming industry and they are also early pioneers in the NFT space and working closely with them brings us great honour.
Iris: What is the role of $EJS in EnjinStarter ? Would you tell us more about its tokenomics?
Prakash: You will need to buy and hold EJS tokens to get allocations in upcoming IDOs on our platform.
The more you hold the more allocations you get.
The longer that you hold the higher allocations you will receive.
So EJS provides access to quality gaming and metaverse projects.
EJS is primarily a utility token to build an ecosystem. As such we have set aside 9% for an Ecosystem Fund as well as 30% of the tokens for community building efforts.
Iris: Are there any exciting news or updates with regards to EnjinStarter that you would like to share with the users?
Prakash: We are going through a phase of massive growth. We did 3 IDOs in October. We will be doing at least 10 in October and more than 10 in December. Very exciting period for us.
Iris:If you were to summarize your project in ONE word, what would it be? Why?
We are all about bringing different stakeholders together and to bring value to each other. Everyone wins this way.
Q1:Is your project only for elite investors, what about others with small funds, is it open to everyone?
We have a guaranteed allocation pool which favours people who are holding big bags of our tokens. We also have a community allocation pool where you will need to hold a minimum amount of our EJS tokens and you will still be able to participate in a First Come First Serve community pool. So we have designed our program to be as democratic as we can.
Q2:Which area are you focusing on at the moment? (DeFi, Stake,Dapps..) and what is your goals in this year ?
Q3:What major partnerships does you project intend to use or how does your project bring its products to the average consumer — especially non-crypto users?
Our biggest and most important partnership is with Enjin. We are excited about the new developments in their ecosystem that they have announced. We are also very excited for the launch of Efinity. Enjin is the OG and pioneer in Blockchain Gaming and the earliest adopter of NFTs. There is alot of exciting things coming from their ecosystem. Pay a close attention to them in the weeks and months to come.
Q4:What is business model of your project? How it works? And who are your potential customers and which markets are you targeting on?
Our business is primarily based on investing in early stage with the projects that will be on our platform. We also do charge transactional fees for other transactions that happen on our platform
Q5:Where can I currently buy Token?
The best place to buy our Tokens now is on MEXC . Do look forward to the strong support from your community.
MEXC trading: https://t.me/MEXCTradeofficial