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AMA Session with Swaneet Singh and Vikram Tanna from Xfinite

Guest : Swaneet Singh, Vikram Tanna, CEO and COO of Xfinite

Host: Iris at MEXC Global

Introduction:

Iris: Today, we’re honored to have Swaneet Singh, Vikram Tanna, CEO and COO of Xfinite, in our community to give us a more intuitive introduction to their unique project.

Swaneet & Vikram, would you like to say hello and introduce yourselves?

Vikram: I come from a Media & Entertainment background and have worked with global consumer centric ecosystems like Viacom and Discovery.

Swaneet: I come from a finance, technology, and media background. Started my career at Goldman Sachs International in London and later moved into tech related businesses!

Twitter: https://twitter.com/XfiniteOfficial

Telegram Group : https://t.me/XfiniteOfficialCommunity

Website: https://www.xfinite.io/

Instagram: https://www.instagram.com/xfiniteofficial/

LinkedIn: https://www.linkedin.com/company/xfiniteglobal/

Facebook: https://www.facebook.com/XfiniteOfficial/

Medium: https://medium.com/xfiniteofficial

Questions about the project

Q1

Iris: What is Xfinite? Can you share with us more in detail?

Swaneet: Xfinite is an entertainment ecosystem built on Algorand. XET is an Algorand standard Asset (ASA). Our engagement algorithm is designed to democratize content consumption for users.

You can find a lot more details on www.xfinite.io including details of our first dApp Mzaalo!

Q2

Iris: What triggers you to launch Xfinite? What are some of the real-world problems/ pain points that Xfinite aims to solve?

Vikram: The very fact that content or entertainment wasn’t accessible to all. Through our dApp Mzaalo- we aim to offer content for all without the need to subscribe or pay for content. Not only does Mzaalo offer free premium content for all, it also incentivizes the user depending on their engagement with the dApp. We aim to eliminate piracy, issues pertaining to copyright, ineffective IP monetization for starters.

Q3

Iris: What are some of the challenges that Xfinite currently faces? How do you aim to solve them?

Swaneet: Algorand is quite unique and there are some challenges to that however these are quickly being overcome and there will be a few dexes live before the end of the year! There are also security challenges in blockchain which we overcome through rigorous testing and audits!

On the product side: The media & entertainment industry is ridden with pain points of lack of economy of inclusion, transparency and data privacy.. These can be solved by blockchain — this was the trigger point of launch of Xfinite. We want to establish ourselves as an agent of change. We not only provide a new way to look at digital media within our ecosystem, but also want to set an example for others to follow.

Our USP is that premium content is available free of cost for users on our platform. Not only that we delight our consumers for watching this premium content on our platform with Mzaalo coins which users can redeem at our 600+ brand partners.

Q4

Iris: Are there any exciting news or updates with regards to Xfinite that you would like to share with the users?

Swaneet: Yes the algorand ecosystem and projects are working closely together like Xfinite Yieldly Opulous Tinyman etc!

Iris: Cool! Feels like Algorand is booming 🔥

Vikram: We have quite a bit in store for 2021! So far, we have launched our app which is growing organically at a high pace. We have several Strategic Alliances & Partnerships including Algorand, Eros, Dailyhunt, SpiceJet, Josh, etc in place to help us accelerate this growth.

We have 600+ established brands as loyalty partners on our platform and recently we have launched exciting features like Bid & Win where our consumers can bid for merchandise and Meet & Greet with celebrities and influencers. We are most looking forward to growing our user base!

Q5

Iris: If you were to summarize your project in ONE word, what would it be? Why?

Swaneet: Mass Adoption and that’s what we aim for. We want people to leverage the amazing and solution-orientated benefits of blockchain technology.

We are doing something fairly unique which is that we are focused on bringing a plethora of non-native crypto users to a crypto environment without feeling like they are in it. Please check out and download www.mzaalo.com on android and iOS and you’ll see exactly what we mean!

Free-asking Session

Q1. How do you deal with the security threats of your project? DO you have any AUDIT in recent times for trust?

Swaneet:

We use third party companies for security and architecture audits. Here is an example: https://ambcrypto.com/xfinites-native-token-xet-audited-by-runtime-verification/

Q2. COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? Are you still on track to achieve your goals or are you planning a new development?

Vikram:

Covid has definitely driven exponential growth across industries, entertainment is no different. Xfinite is in a strong position to leverage this opportunity with scaled partnerships like Eros, Dailyhunt, Josh, SpiceJet Airlines, etc. to drive mass adoption

Q3. Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Vikram:

We are a gamification content streaming service providing free premium content (12000+ movies, Originals, music and much more). Our users are partners and we reward them for their time and attention. We have partnered with 600 + reward partners for our users

Swaneet: A LOT of Premium content for free and get rewarded! gamified features including meet and greets with celebs, athletes and influencers, rewards engine and algorithm with 600+ reward partners and in app utilities, NFTs coming up, Dexes coming up, holisitic entertainment ecosystem in a digital environment focusing on brands, advertisers, content creators and most importantly our USERS!

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Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience.

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Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. Visit us at https://www.mexc.com/

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