BLUE HORIZON x Satoshi Club AMA Recap from 10th of November
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Blue Horizon.
and our guests were @Crypto_NL and @Triple_B3. The AMA took place on 10 November.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram community
Gold Rocket | Satoshi Club: Today our guests are @Crypto_NL @Triple_B3
Hello and welcome to Satoshi Club guys😊😍
Crypto_NL: Hi, thanks for having us here today!
Gold Rocket | Satoshi Club: Nice to e-meet you 😊
Andrés M. | Satoshi Club: We are glad to have you here, welcome to our community😃
Triple ₿: Thanks. And hello everyone. Thanks for having us here, really exciting!
Andrés M. | Satoshi Club: We are excited as well to learn about Blue Horizon🥳
Gold Rocket | Satoshi Club: thanks for joining
Let’s start! Introduce yourself please. How did you get to be involved in crypto & Blue Horizon
Triple ₿: My name is Bart, name on socials is: Triple_B. I’m the CMO of Blue Horizon. I live in the Netherlands, where we’ve been working on the project for the past year. I am a consultant and have a background in marketing and new business development in all kinds of different sectors. My journey in crypto started in 2015 and led me to start a project, Blue Horizon, with a group I have known from the beginning within the crypto community.
Crypto_NL: Hi everyone, I am Crypto_NL and I am the CSO of Blue Horizon. I am co-founder of the project and I am currently in charge of strategic and legal matters of the project. I live in the Netherlands. I have been involved in cryptocurrencies since 2013 and I am especially fond of yield farming projects and early stage investments. Together with some other people who are long in crypto we decided that there was a need for a DeFi and NFT platform, and as such we started off with what now is the Blue Horizon project!
Andrés M. | Satoshi Club: Netherlands, a beautiful and peaceful country❤️
Gold Rocket | Satoshi Club: Wow! You have great crypto background guys
Also we would like to know more about your team. Who is on the project team core?
Andrés M. | Satoshi Club: Well, @Triple_B3 and @Crypto_NL, is a pleasure for us to have great crypto personalities with us
Triple ₿: Indeed, very nice to live in! 🙂
Andrés M. | Satoshi Club: Please tell us in a nutshell, what is Blue Horizon NFT and what is your mission and vision?
Crypto_NL: The core team consist of 6 members, who are mixed Belgium and Dutch. We have Taco who is our CEO, Yannick who is in charge of commmunity management, Wesley who is in charge of finance, Tony who is the art director and ourselves; Bart is marketing manager and myself I do the legal things as well as partnerships
Next to this team we have around 6 other people working on the project right now, mostly developing the platform
Triple ₿: Sure! Blue Horizon is a platform that focuses on blending the power of Non-Fungible Tokens (NFTs) with immersive DeFi concepts to create an ecosystem that takes the NFT market to a new dimension. Developed by a team of blockchain geeks with experience in smart contract development, web development, user experience engineering, business development, the platform becomes the place where users can buy and sell NFTs on Binance Smart Chain with any of the tokens that are listed on the exchange. The platform comprises a curated NFT marketplace where users can buy and sell works from a growing list of exclusive artists, handpicked by the platform. The value of the NFTs is increased by implementation of NFT farming and gamification on the horizon.
Andrés M. | Satoshi Club: The dream team😁👏
Crypto_NL: Yes, its a great team to work with!
Gold Rocket | Satoshi Club: Tell us about the benefits of Blue Horizon. How is it different from others?
Andrés M. | Satoshi Club: Why did you choose BSC to develop the project? Why not ERC-115?
Triple ₿: Well, some key aspects on the platform itself:
– Its a high quality combination of DeFi and NFT marketplace, allowing you to get most out of your tokens on either (or both) of the parts of the platform;
– This comprises a token exchange to trade NFT related tokens (amongst others) and an NFT marketplace. We will connect these two together so that you can directly buy your favorite NFT with any of the tokens listed on our DEX;
– We have a curated NFT platform with already several artists working on artwork exclusively for Blue Horizon
We have an increased value of your NFTs by implementing staking and gamification with our NFTs;
– To increase value for artists and collectors all of the NFTs will play a major role in the games we will be releasing, bringing value in gamification, DeFi and NFTs like never before.
BSC based. This will allow our users to benefit from low fees when:
– Using the DeFi part of our platform (coin swap exchange, LP farming)
– Using the NFT platform (buy/sell/mint NFTs)
– In staking and gamification of your NFTs
Most importantly, our slogan is “for artists and collectors”. This is because of our unique fee structure that will give parts of our accrued fees back to the artists and collectors of our platform. Moreover, there is a part of the fees that is used for token buybacks and burns, so the token model is deflationary (in contrast to all major competitors like PCS and bakeryswap)
Best part is that we have immediate token utility upon launch because we will launch with our MVP going live (DeFi part)
I think tokenomics is also a very important aspect, where we tune the token release with an increase in utility of our token and platform. Good tokenomics is very important, so we are keen on incentivizing people to hold and use our tokens instead of quick profits and dumping. We did our best to draft the tokenomics as well as possible, and we will implement as much utility for the token as soon as possible. That, in addition with the burn mechanism will give us a healthy token price and a project that is sustainable for the long term.
Crypto_NL: The largest amount of NFTs and NFT related projects are built on either Ethereum and BSC at the moment. We want to implement gamification on NFTs and also have yield farming on our DEX. As such we want to use a blockchain that is not expensive in gas fees. We chose BSC because of its gas fees to make sure that our users are not stuck with high fees when using our platform
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?🚀
Crypto_NL: Yes, please go ahread!
Triple ₿: I am, lets go! 🙂
Andrés M. | Satoshi Club: Excellent strategy, thank you so much for your answers guys 👏😃
Q1 from Telegram User @Pavel_Jarosh
As per your litepaper, Blue Horizon set a goal to improve the experience for artists and collectors by releasing exclusive, high quality NFT series’, giving back to the artists and community. Please share with us the area of NFTs products Blue Horizon will prioritize on its marketplace. Does any art creator (music, literature, painting etc) can place his works on BH?
Triple ₿: Great question! In principle, all types of artwork can be placed on our marketplace. However, there are several area’s that we are especially fond of, which are the Sci-Fi and Fantasy themes. But let me briefly explain the way our platform will work:
Any artwork can be traded on our platform. However, to be able to mint on our platform you will have to be a validated artist, which means that our art director needs to approve the quality of the artwork for minting on our platform. Only the artwork that is minted on our platform will be eligible for the NFT staking and farming, and only the artists that are approved for publishing on our platform will be eligible to receive part of the fees of our platform.
Andrés M. | Satoshi Club: That’s like a KYC process?
Gold Rocket | Satoshi Club: how is the selection of artists? Is there copyright checking? how it works?
Crypto_NL: No it is not a KYC process but its only to validate the quality of the artwork by showing the artwork that has been performed previously
We have our Art Director who is known in the field to judge the quality of the artwork. Of course there cannot be any copyright violation so all art on our platform will have to be new
Andrés M. | Satoshi Club: There is no restrictions even for +18 NFTs?
Crypto_NL: To be honest, we did not decide yet on whether we would allow 18+ content on our platform, because this would require a separate part of the platform for 18+ content, which we do not envision to have right now. There will anyway be a code of conduct that the artist will have to obey to, and things like 18+ content as well as other sensitive topics like discrimination is adressed in that. If the artist is not obeying to the code of conduct then all artwork will be removed from our platform
Q2 from Telegram User @ItsMelissa3
BlueHorizon offers many incentives and benefits to its holders, including: holders are rewarded with discounts on fees, liquidity pooling rewards, a share in platform fees, governance rights, and more. That highly motivates users to hold the token long-term. How much is the share in platform fees that each holder will receive? Do we need to have a specific minimum number of tokens as a requirement to receive that distribution? And in terms of governance rights, will it increase our voting power by increasing the number of tokens we have?
Crypto_NL: This is a very good and important questions, let me elaborate on this question a bit
For the part of platform fee sharing, I can show a brief snapshot of our token flow model that is on our webpage. Here you can see what happens to the fees that we collect on the platform:
As you can see, a significant part of the fees flow back to our artists and collectors. There are several requirements to receive part of the platform fees. First of all, you need to be either an Artist or an Collector. An Artist needs to mint artwork via our site, and a Collector must hold at least 1 NFT minted on the Blue Horizon platform, or at least 1 NFT that is published by a verified artist (e.g. partners). Secondly, if you are a Collector and want to qualify for the share in platform fees, you need to have a minimum tier on our platform, so you need to stake a minimum of 10,000 BLH tokens on our platform
Crypto_NL: Moreover, a part of the fees will be used to buy back and burn our tokens, which makes our token model a deflationary model
The governance voting power will definitely scale with the number of tokens you have. The more tokens, the more voting power you will have!
Gold Rocket | Satoshi Club: this is fair enough and generous by the way 😊
Andrés M. | Satoshi Club: Thanks for the explanation, btw, what are the other utilities of the token BLH different to governance?
Crypto_NL: Yeah, we have the slogan “for artists and collectors” for a reason 🙂 We want to have a fair platform which does not drain the funds from our users
BLH tokens can be used in the DeFi part of our platform for yield farming. Moreover, on the NFT platform side you can use BLH tokens to acquire a tier, which will give lower fees and other benefits
Q3 from Telegram User @MudaraSilva
You have allocated 10% of the total supply as development funds. Can you clearly explain the purposes of this allocation? What type of developments you are going to introduce in the future? How do you maintain the transparency when spending funds from this allocation?
Crypto_NL: We are currently finalizing our developments on Binance Smartchain. For this, our developers want to be paid partially in tokens because they want to use our platform as well 😁. We will later use these funds to expand our platform to other popular blockchains, like Polygon, Solana and Ethereum.
We like to be transparent on the funds spent, but we are not sure to what extend we can share all details.
Gold Rocket | Satoshi Club: it would be nice if you share your tokenomics with us😉
Andrés M. | Satoshi Club: We understand, don’t worry.
So, please tell us how many artists have you contacted to join your platform or who are your most important partners?
Crypto_NL: Ah yes, one moment I will grab it from our website: https://www.bluehorizon.art/tokenomics/
Gold Rocket | Satoshi Club: Thanks for sharing ☺️
Andrés M. | Satoshi Club: I heard that private sale is sold out, then can you give us details about the public sale? When, where and how to join?
Crypto_NL: We currently have 3 artists that we have announced in our partnership program. You can find the announcements on our medium channel https://bluehorizonnft.medium.com/
We have weekly AMA sessions with artists that are interested in NFTs and that want to use our platform, so be ready for more partnerships!
For the other partnerships, all I can say is that there are many things boiling but I cannot communicate it yet. Perhaps this week we will already have our first partnership announced, so stay tuned for that and for many more to come!
Our public sale will be on Poolz and on Luastarter. For the details I would like to refer you to our medium article: https://bluehorizonnft.medium.com/blue-horizon-ido-details-revealed-ab9a1caa90be
Andrés M. | Satoshi Club: Congratulations👏 Of course, we will waiting for the official announcement!
Q4 from Telegram User @meml97
While looking at Blue Horizon’s Roadmap I saw that one of your plans for the future, most probably for Q1 2022 is to incorporate “Gamification” into the platform in order to give another use case to Collector’s NFTs, rather than just being sitting in their wallets. So, with that in mind, can you tell us more about this Gamification feature you have plans to add? How will it exactly work? What kind of game are you planning to add that will give another use case to users’ NFTs? Also, what kind of benefits will collectors get from using their NFT collections on this Gamification side of Blue Horizon so they will feel the need to participate?
Crypto_NL: There are a lot of big plans around the gamification aspects of our platform. Unfortunately I cannot share too many details yet, since it is under development and also being done with partners that have not been announced yet. It will evolve around certain properties (metadata) of the NFTs, and we will develop a whole variety of gamification aspects around them. With this gamification you have the opportunity to earn BLH or other NFTs so I think it is a good incentive for people to participate! But stay tuned for announcements of more details!
Andrés M. | Satoshi Club: Can you share your roadmap?
Gold Rocket | Satoshi Club: We will look forward to hearing from you.👏
Crypto_NL: Here is the roadmap for our platform development:
Everything with development is proceeding nicely, so we are still on track for this!
Andrés M. | Satoshi Club: Excellent, we will be waiting for more, it seems that 2022 is going to be a great year for you👏
Q5 from Telegram User @Jmagsss
NFT holders and collectors are encouraged to stake their NFT possessions into Blue Horizon’s platform and generate income through its NFT Yield Farming program. There are already a lot of projects that offers this product however, the major issue here is the lack of transparency on how does the protocol really calculates the rewards given to a certain NFT staker. The fact that NFTs are valued by its uniqueness and qualities, it will be a challenge to determine its true value. For Blue Horizon, can you explain to us how will your yield farming program work? What will be the basis on which the NFTs’ values are calculated for the rewards? What will be the correlation between the staked NFTs and the amount of rewards?
Crypto_NL: The most simple solution on the value calculation is the purchase value if the NFT is purchased via our platform. For other NFTs that are listed from external partners, we might need to put a fixed value on the NFTs if they are not traded on our platform yet. One of the gamification aspects that we might introduce, is to have variable multipliers on this valuation from time to time to reward specific NFTs more then others. Another aspect of the gamification will be that certain combinations of NFTs (or combinations of metadata of the NFTs) will give you higher rewards
Andrés M. | Satoshi Club: Is there any chance to stake BLH tokens directly? if yes, what will be the APY?
Crypto_NL: We might implement it later, but at first instance it will only be for LP yield farming on our DEX exchange, so in combination with another token
Andrés M. | Satoshi Club: Gotcha, would you like to add something else before the next question? 😃
Crypto_NL: I liked this question a lot, since it exemplifies that we want to increase the value of the NFTs of our Artists and Collectors, so it was a very good question!
Andrés M. | Satoshi Club: Well I hope you like our last question as well, time to talk about Spotlight.
Q6 from Telegram User @yellowchamp
Blue Horizon gives a Spotlight For Artists in which NFT artists receive exposure through the Blue Horizon platform and other advertising channels, helping them find new supporters and buyers of their work. So,in return of receiving an exposure in your platform and in some advertising channels,how will artist pay for this services or would you offer some deals or agreement to an artist as a return for the favor of exposure to find supporters and buyer of their work?Aside from your platform,what are those advertising channels that you collaborated for finding new supporter and buyer of artist’s work? Does this advertising channels is your affiliate and how popular they are in terms of marketing? Thank you
Crypto_NL: Yes, again a very good question because we want to add value to our Artists as well of course. We do not want to take too much money from our Artists for a spotlight position on our website. We will require them to lock up a part of their BLH tokens in a tier, and as such commit themselves to our platform. In turn, we can do advertisements on our website like a spotlight position, but we can also promote it via our gamification aspects. Moreover, we are establishing several partnerships with other projects that will also include the possibilities for that project to use/hire our artists. We are working with several external marketing companies who will help us to promote artists externally, next to our own promotion via our social media of course
I hope I answered the questions, and I am curious to hear any other questions or remarks! Looking forward to this, we already had several people from this amazing community asking good questions in our chat today!
Andrés M. | Satoshi Club: As a NFT exchange users need to be sure that their funds are safe, have you done any audit process or hackathon event to verify everithing is ok with the contracts and platform?
Crypto_NL: Yes, security of the platform is key! We are in the process of an audit as we speak, and we will publish the results before our TGE. After our TGE we will keep on evaluating the risks of our platform an do additional audits at other parties as well
Part 2 — live questions from the Telegram community
Q1. from telegram username @Pelusapinto21
NFTs should interact and enjoy rather than just leaving them in a digital wallet or flipping them for a quick profit. How does the minting portal that BlueHorizon expects to launch on the market works? What will be the gamification options of the BlueHorizon minting portal? How will users earn income through BlueHorizon NFTs?
Crypto_NL: Yes, our NFT minting page will allow our artists to apply specific metadata to their NFTs. These metadata will be used in gamification aspects and will be crucial for the utility of the NFTs. We will have a dedicated minting page for our approved artists, and will have support available for those artists that need help if they are not familiar with the proces!
Q2. from telegram username @victorogb
With a total maximum token supply of 100 million $BLH, BlueHorizonNFT has allocated 40% to LP and NFT farming. Can you carefully explain the processes with your LP and NFT farming, and how will this 40 million token allocation be effectively utilised?
Crypto_NL: The tokens for LP and NFT farming have a 24 month vesting. We carefully select the pairs and the emission of the BLH token to make sure that the emission is not too imbalanced or too high. We will assess this on a regular basis and adjust it if neccesary
Q3. from telegram username @ALixbella
🏞If I am an NFT artist and I want to find buyers, can I do exhibitions through the BlueHorizon platform? Each piece sold created by an artist, if sold, what would be the percentage of profit that would be left for each artist who manages to sell their NFT? @Crypto_NL
Crypto_NL: The Artist is doing all the work of making the artwork, so the rewards should also go to the artist of course! Our fee structure is depending on whether the Artist has a tier on our platform. This tier can be obtained by staking BLH tokens on the platform and will give a reduction in minting fees. At maximum, the fee is 5% and the minimum fee (if the artist has the highest tier) is 1%. All the rest of the revenue is going to the Artist
Q4. from telegram username @Karry1999
I Found that in Q4 2021 ,You have planned to BLHTiers / REWARDS , Can you please tell me More about these and What Rewards the Users will get ?
Crypto_NL: As described just above, we will have BLH staking to aquire a tier on our platform.Next to this, on our DeFi platform you can use the BLH for LP staking on our DEX
Q5. from telegram username @smelekin
I wonder if as BlueHorizonNFT do you think you can affect of market prices and volatility so what can you do about it?
Crypto_NL: We certainly hope so! Our DEX will be centered around NFT related tokens. We will connect our DEX to our NFT marketplace so that people who want to buy NFTs from our marketplace can do so with any of the tokens that is listed on our DEX exchange!
Q6. from telegram username @Titanium432
I Found that BLUE HORIZON Will Launch with a Minimal Viable Product (MVP)
consisting of several core utilities , Can you please tell me Some of the features and Utilities of MVP ?
Crypto_NL: Our MVP will basically be our DEX exchange, which will go live upon our TGE. We will launch with 3 tokens listed on our exchange and our plan is to quickly add more tokens after that (think about for example tokens of our partners). Several weeks after TGE we will launch our NFT part of the platform and launch the first sales of our Blue Horizon NFTs!
Q7. from telegram username @Mercury654
Have you Launched the Governance Features For the Token Holders ,If Yes , Can you tell me On What decisions They Can caste their Vote and How they Can be a part of Community Governance ?
Crypto_NL: We want to transfer as much governance to the token holders as possible. You could think about voting on which tokens to list on the DEX, which Artists to enroll on our platform, or on which part of gamification needs adjustments or change. We will make the governance as broad as possible to involve our community in everything we do!
Q8. from telegram username @yellowchamp
As a member of Blue Horizon Community, how could we able to help for the development of your platform? Are you open to receive some suggestions and opinions from us? Thank you
Crypto_NL: Yes, we would definitely like to receive feedback from the community! We want to be a user-friendly platform so any feedback on our platform is very welcome!
Q9. from telegram username @coinresearcher
After you list BlueHorizonNFT project on dex exchanges, are there any plans for you to list it on exchanges like Binance?
Crypto_NL: We will first list on our own DEX and on other DEXes. We prefer our users to use our own DEX, since this will result in more fees being distributed back to our Artist and Collectors and more token burns. We are open to listings on centralized exchanges but we have no specific plans on that as of now.
Q10. from telegram username @Johnathantoss
I Read about Some of the Investors and Partners of Blue HORIZON Which are CRYPTO CHATEAU , CAPTURE , POOLZ , LUA STARTER , Can you please brief me More about your Key Partners and Investors ?
Crypto_NL: We did a relatively small raise, (in total we will raise $905k which is not a lot in this time) and we hand-picked a selected group of investors for that. Mainly because we want to have people that support us and really believe in us, and not because they want a quick profit. That is why we are incubated by 2 of our VCs, which shows their commitment towards our project and towards us.
We are now exploring partnerships with other NFT or DeFi related projects. Also here we are looking for long term partnerships with added value for BLH token holders and our platform. So we might be a bit more critical but its in the best interest of all of us 🙂
Part 3 — Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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