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Poly Network

Poly Network AMA Recap with EarnX

The native art powered NFT project, EarnX(@earn_finance), was invited to Poly Network (@PolyNetwork2) AMA, taken place on April 13 in the Poly Network Telegram Community. From the Live AMA with Marcus, Co-founder at EarnX, this recap fully grasps the information discussed during the AMA.

INTRODUCTION

Poly Network is a global cross-chain protocol for implementing blockchain interoperability and building Web3.0 infrastructure. Poly Network has integrated 20+ blockchains, including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism, Metis, Boba, OKC, HECO, Neo, Ontology, Zilliqa, Gnosis Chain, etc. Since the launch, the protocol has enabled cross-chain asset transfer of more than 16 billion U.S. dollars involving more than 347k addresses on different blockchains.

EarnX token is the utility token for unique NFTs powered by Native & handcrafted arts which are in danger of extinction. Our NFTs are backed always by a physical product that is exclusively available and redeemable only with EARNX. These NFTs can also be imported into our Play to Survive metaverse.

EarnX is founded to help many native arts, and handcraft art makers though they are making the products that others cannot overcome the problems being faced in manufacturing, authenticating, selling goods, and making them available worldwide.

QUESTIONS AND ANSWERS IN LIVE AMA

Q1 Could you explain what EarnX does with its products and features?

A:We are the first project to launch physical NFTs. These NFTs are unique, antique, handcrafted, and powered by native arts, EarnX exclusive themed Persian Carpets of BNB, DOGE, Origin, Bitrue, etc are already available and many like EarnX exclusive hand forged Samurai swords NFTs, etc.

These exclusive EarnX NFTs will have a product attached to this in the form of NFT and the physical goods that will be couriered to the buyer from our platform. We can deliver worldwide.

Buying EarnX NFTs is not just buying some pictures stored on IPFS or any storage blockchain or some NFT marketplaces are uploading pictures and videos on their servers and giving that URL as NFTURI in ERC721 NFT Contract, how can that be forever, that only lasts until they store on their servers.

EarnX won’t be like that, buying an NFT with us will also include physical goods which can only be made by us in the world. Those who cant afford the Physical carpet can slowly collect EarnXClub digital-only NFTs which can be sold or used in our Metaverse or redeemable later to Physical NFT on terms.

Q2 What are your plans to drive adoption and use of the EarnX?

A:There are many plans in line to drive the mass utility of our EarnX token. Our main utility comes from the physical NFTs. EarnX can be used to purchase and participate in the auctions of exclusive versions of physical NFTs. These NFTs are delivered to the first-time buyer of the EarnX later that NFT can be transferred by the buyer to anyone, but we dispatch the physical NFT to the buyer from us.

Exclusive Persian Carpets are not the only ones that will be available on EarnX we will reveal many such kinds of unique and antique native art goods, handcrafted goods which are lined up to reveal on the go.

We are getting many requests from people from many countries some of them are China, the USA, Japan, Korea, India, Indonesia, Thailand to make their native and handcrafted goods available to the world with the EarnX partnerships, as soon as travel is eased, we travel with quality testers of those kinds of goods and we bring them on to EarnX which will boost EarnX utility massively.

If EarnX sells 1000 carpets per month at the average price of $1000 then it’s 1 million, compared to the current market cap of EarnX it’s 170% market-cap value under utility, I bet there is no other token with such high utility/market-cap ratio. Imagine where we can reach if our sales go high with our delivery of unique NFTs worldwide and with the Play to Survive Metaverse. You won’t believe some platforms selling Carpets for $20000–30000 which are machine-made.

Is there any other utility token with such a massive utility?

Q3 What are your current plans to onboard new clients and what market are you targeting?

A:EarnX NFTs are unique and antique in their origin and are physical goods too. We bringing the best native products of Persia to the world with our First Exclusive Persian Carpets.

Persian Carpets are the first unique NFTs. We are in plans and deals with many other industries that are only available in a particular region like Persia. In the case of Persian Carpets, if you want to buy one, you have to go to Persia or spend $10k+ on e-commerce sites for an ordinary carpet available with them.

As we are pioneers in this Carpet making for ages, to expand our business outside of Persia and bringing our unique and antique products to the world we established EarnX with the added advantage of Defi and NFT.

We are in talks with many unique and antique product makers. We onboard them on to EarnX soon.

If you or your community or your locality people make some valuable native and antique physical goods then contact us we can partner and promote the nativity and make that available to future generations.

We target every market in the world. We want to make this unique art live in its native form. To achieve that We eliminate the middle man who looting these art makers and gives maximum returns to labor and keeps this native and vulnerable making of unique native goods alive.

As EarnX transparently sells unique arts physical NFTs anyone native unique and antique art makers can come forward to make their native goods as EarnX NFTs. We welcome them if they are eligible.

Q4 Why did EarnX choose Poly Network among others for partnership?

A:First thing its OpenSource, scalable, robust, interoperable in the entire Web 3.0

PolyNetwork is a proven technology which already made cross-chain transactions worth above $16 Billion and more than $600 Million in Total Value Locked.

The cost of cross-chain transfer on PolyNetwork is negligible, which makes users keep aside the second thought and use it to get access to our products on all the chains we are on. This helps us in scaling our EarnX NFTs with the help of PolyNetwork to more chains in the future

Q5 Any exciting plan for future developments?What shall users expect?

A:This year will be an exciting year for us, with the launches of Play to EARN & Survive Metaverse.

We will be launching a no-code NFT Marketplace platform so any creator of Native arts, Handcrafted arts, Antique and Unique arts with no software development experience can create their NFT store and sell their products.

We are in talks with Walmart, Amazon, and Alibaba to list and ship our EarnX exclusive Physical NFTs worldwide.

Across all our platforms EarnX will be the base utility token and we only take that as a form of payment for our goods.

The AMA with EarnX was successfully concluded. We will have more AMA coming in the following weeks. Please stay tuned!

For more info about Poly Network

Website | Telegram | Medium | Twitter | Discord | Github

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Representing both a technical breakthrough and a milestone for blockchain adoption, Poly Network is well positioned to become the pillar of NGI and the smart economy of tomorrow.

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