CarbonZero x Satoshi Club AMA Recap from the 18th of July
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 CarbonZero and our guest was @JaiKJoon. The AMA took place on the 18th of July.
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&WebSite
Gold Rocket | Satoshi Club: Today our guest is @JaiKJoon!
Jai: Thank you Satoshi Club for the warm welcome.
Mary | Satoshi Club: Hello
welcome here! How was your day?
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @JaiKJoon!
Jai: Hello Mary, the day has started well. Although, it is ironic the city is engulfed in smoke due to wildfires.
Gold Rocket | Satoshi Club:
oh… this is very sad..
Mary | Satoshi Club: Ohhhh, i hope soon it will changed and Carbon will win
Jai: Thank you!
Gold Rocket | Satoshi Club: Our planet needs a new approach to technology and ecology .. your project is connected with this, Isn’t it? What is the essence of Carbon Zero?
Jai: Yes, our project is primarily based on the redesigning our financial ecosystem to support the natural one recover from where we are at this time.
As we struggle to breathe easy in one of the greenest city in the world, I realize how important this is for our team.
Mary | Satoshi Club: Who are in the team behind CarbonZero?
Jai: We are a team of teams.
- We have a marketing team, consisting a film-maker, a graphic designer and two sustainability advocates as community managers.
- A sustainability team with MBAs currently working in sustainability industry.
- A tech team with Phds, process engineers, electrical engineers and software developers.
and we have a management team to support each and every member achieve their potential.
Gold Rocket | Satoshi Club: Introduce yourself please. How did you get to be involved in crypto & Carbon Zero?
Tell us please about your position in Carbon Zero.
Jai: My name is Jai K Joon, I am a Canadian with Indian decent. I am an Engineer, Economist and Impact investor. I got involved in Crypto while bootstrapping a start-up and realizing how powerful decentralization of finance is in achieving community objectives. Me and others in team have worked on industrial projects that focus on lowering carbon footprint and that is how we started working on Carbon Zero.
In Carbon Zero I am playing the role of a CEO. Helping the teams achieve their goals by planning, analysing and creating an execution roadmap. While also supporting teams resolve problems.
Mary | Satoshi Club: Is your team public?
Jai: Yes. You can check that on our website carbonzero.finance. We have attached linkedin and social profiles of key team members.
Mary | Satoshi Club: Sure! We will definitely check!
Gold Rocket | Satoshi Club: Thanks for great introduction, we will have a question selected for the part 1, ready to start?
Q1 from Telegram User @Emidm28:
Can you explain to us how blockchain technology can be best implemented and utilized in this sector of the industry? How would you explain to users who are not part of the blockchain space the engineering designs and systems for Carbon Capture and Storage offered by Carbon Zero?
Jai: Blockchain’s biggest benefit is the decentralization and transparency aspect of database. Both of these are essential for such initiatives. As more towns get burned and wildfires damage our ecosystem, there is increased pressure on corporates to take responsibility and share their emissions data. Although, no platform exists to do that efficiently. We plan to launch the DApp to not only track but also trade carbon offsets. Helping everyone get to net zero together while incentivizing Carbon Capture through it.
We are working on building a video library for every aspect of Carbon Zero. Working on explaining all aspects to a level of building confidence and trust in the project. As we progress, you will see more details of the project in simpler videos in our library.
Mary | Satoshi Club: Sure, it will be very interesting library! Don’t forget to share with us when it’s ready
Jai: We will, more sharing helps us find kinks in our messaging and helps us refine it. Thank you so much.
Gold Rocket | Satoshi Club: Is there already something interesting to demonstrate to our community?
Jai: At this point we still render our videos and design. We can share our whitepaper — https://carbonzero.gitbook.io/whitepaper/
While there are some designs that we have previously done for other clients, we would like to refrain from them at this point and wait for our design, we will launch a video pretty soon on our youtube.
Gold Rocket | Satoshi Club: Thanks for sharing!
Mary | Satoshi Club: Thank you for your answers! Ready to go to the next question?
Q2 from Telegram User @orlemys:
You’ve said that you’re building Carbon Zero Impact Fund with the goal of taking Carbon Emissions to 0 with engineered solutions. Does this mean you will not launch your project until you’ve reached the Carbon Zero goal of your platform, or will you launch before, even with a carbon impact, while working towards that goal? Will you provide weekly or monthly/yearly reports on your carbon emission levels? This is important for projects that claim to have negative numbers. So, who will you partner with to make this study possible and how will you measure your emissions?
Jai: Thank you for this question @orlemys, we have already launched our project and can only reach the goal of Carbon Zero after successful execution of this project.
- We will provide monthly / yearly reports along with real-time data of our impact and our emissions levels with the DApp for exchange and tracking.
- We have industrial engineers and instrumentation engineers including myself who has done such data mining, historization and automation previously. Although, a third-party review will be beneficial to create trust. Amazing idea, thanks.
Mary | Satoshi Club: Can you tell us more about Carbon Zero Impact Fund?
How it will work?
Jai: The Carbon Zero impact fund was created for the purpose of generating a measurable, beneficial and social impact alongside a financial return. The impact fund ensures that we as community acquire assets that can stabilize and back CZO valuation over a period of time and the balance sheet assets can hold their value over long term. We created this to minimize the risk on investment, as we build Dapps that improve the number of transactions, 3% of all transaction goes into this fund and increases it in valuation. When we acquire assets that value is sustained with asset classes that have positive environmental and social impact. This makes us an attractive investment portfolio for a lot of players, while helping our token stakeholders generate returns.
Another reason to do this was to offset the risk and fluctuations that we have seen with so many crypto projects. As we believe generating assets leads to a long term sustainability of the project with strong balance sheet.
Mary | Satoshi Club: Nice move
Gold Rocket | Satoshi Club: Absolutely agree with you
Thanks for your answers!
Mary | Satoshi Club: Yes, long term vision is important part of strategy
Thank you for your answers! Ready to jump to the next question?
Jai: Yes, thank you for these amazing questions everyone.
Q3 from Telegram User @surendra040:
CarbonZero Finance is the first Carbon negative Blockchain and pledges to be the biggest Carbon Capture company by 2030. But reading your roadmap its not clear upto 2030 and how will you be able to achieve this? Also tell us about your upcoming partnership and milestones set to achieve ?
Jai: Thank you, this another point that can help us refine our messaging a lot. With our Chief Sustainability Officer we are working on roadmaps that lead to collaboration with governments, local administration and environmental groups.
With our impact fund we plan to invest not only in industrial Carbon Capture projects but also developing modular devices. This will help us democratize Carbon Capture process by ensuring the devices are affordable and are a huge marketing opportunity for our partners as well as corporates. Imagine making money for running a device that captures carbon in city center, also working like a cylindrical billboard.
Imagine brand advertisements on these machines in key locations around populated cities. We have multiple roadmaps that are being refined to ensure we achieve our vision and continue to impact the ecosystem for better results. Some of our key milestones that are already in progress are: Carbon Exchange, CZO blockchain, First modular CCUS device, presenting this on World Economic Forum — 2022.
Mary | Satoshi Club: Which government do you plan to contact first?
Or you already contacted?
Jai: We have contacted some people, but would not like to disclose the details before finalization. I do not want to promise that we may or may not complete. But if anyone wants to join our sustainability team, I would on behalf of my team would welcome all discussions and opportunities.
Gold Rocket | Satoshi Club: By the way, please share your roadmap with Satoshi Clubbers
Jai: We will share all 3 roadmaps with this group soon.
Mary | Satoshi Club: Sir, I understand! We will wait for news from you!
Gold Rocket | Satoshi Club: Thanks for great answers!
Ready to proceed to the next question?
Q4 from Telegram User @yellowchamp:
In your website,I see that you aim to have 10k holders and 2k telegram members for the 4th quarter of 2021 but as I research ,you still have less than 100 holders and your telegram members is nearly 700. So,aside from AMA what other forms of marketing strategy you engage to achieve what you aim for next quarter? Is this not so early to aim 10k holders since Carbon Zero is still new in the market? Do you plan to have an airdrop for holders to gain more investors and holders for $CZO? Do you have any plan also for partnering some other established platforms to help achieve your goal for next quarter? Thank you
Jai: Thank you again. We launched CZO less than 3 weeks ago and I agree we have not marketed as we should have. We wanted to make this a decentralized movement, and were looking for diversity in our team members. Thus lacking a CMO, as we still wait for a person that represents a different part of the world. But I assure you, we are powering this up with clearing our messaging and engaging in partnerships to build capability to engage more audience.
AMAs are helping us refine our messaging as we were told the concept of Carbon Capture was unheard of, and initial focus groups were struggling to understand how it can even be executed. But now with a filmmaker that helps us with videos (most consumed on internet) and other members that bring different perspective we are on our way to achieve some of our key goals. We believe the awareness and partnerships with leading bodies will bring us more support and HODLers. I am amazed that some people who initially invested and have 10x returns are still with us because of this belief and I believe many more will come.
Our initial investors, if you guys are here listening. Kudos to you guys, we are just starting to get going. Thank you for the belief and trust.
Gold Rocket | Satoshi Club: Yes! It’s really amazing
Mary | Satoshi Club: Yes, strong community is a key for success! Which incentives do you have for them? Btw, may be you have any bounty programs?
Jai: Currently, redistribution is key. As the price is lower in early stages, the redistribution has helped some of our small investors make good returns and I see them investing multiple times. More rewards are coming from our partners with sustainable clothing and other such products. This is a project by the community, if any point of time you want to join, I would like to say this that you have chance to become the next executive and lead us to newer horizons.
Gold Rocket | Satoshi Club: The community is the engine of the project. nevertheless, the correct management is the captain of the ship
Mary | Satoshi Club: Gotcha
Thank you for your answers! Ready to proceed?
Q5 from Telegram User @Asela1112:
On 18th of July ( Today ) CarbonZero Platform announced a partnership with CryptoSky platform which is expertised on Marketing services & community development. Can you give us a description about this strategic partnership? This means, do you want more & will you allow marketing developers in future such as single marketing developers with talented, skillfull? What about other partnerships, you have mentioned in your Roadmap? Who will be your strongest partners in future?
Jai: Cryptosky was generous with us to introduce themselves and agreeing to help us get to more people. As we button up our messaging, their input and comments from the group discussions have been very helpful. Crypto marketing is very different from traditional even though we are trying to engage every group. Cryptosky will be helping us reach more people as we go forward with discussions, airdrops and other things.
We are open to everyone who wants to help us reach the masses. Again, this project should be community driven and if you want to help us market this, we will welcome you. We believe our strongest partners will be groups that establish trust in community, we believe crypto still lacks adoption due to skepticism, a platform like your (Satoshi Club) establishes that trust. We are ready to accept tough questions and answer them all, for we need to create trust. That is our top most priority.
Gold Rocket | Satoshi Club: And this is your path to success!
Mary | Satoshi Club: Thank you, hope you like questions from members
Ready for the 6th and last question from this part?
Jai: I am grateful, these are very helpful questions guys. If you have any other ones you can ask us and we will try to answer all as we progress.
Q6 from Telegram User @andrey_seleznov:
Carbon Zero Finance global Carbon Exchange is offering security and ease of transactions by matching buyers and sellers with unique artificial intelligence. Could you explain how exactly will this AI work, what benefits does it offer compared to a traditional AMM algorithms? Do users need to hold certain amount of your tokens to enjoy extra benefits during the trading? Thank you!
Jai: A carbon exchange matches credit buyers or offset buyers with sellers. A global exchange needs to optimize pricing and subscriptions of carbon offsets to corporations and entities trying to get to net-zero. This is a requirement of Paris Accord and will be a huge pain and need in upcoming years as more places burn and wildfires create unseen natural extremities.
An Ai will help us optimize this and the contract between two parties with automation. The users will benefit from simply holding as large transactions of CZO will return in higher returns as part of redistribution. As bigger entities join the market due to increasing scrutiny and need, they will need more CZO, which is depleting due to transactions. Making it more valuable due to limited supply. Thus the longer a user HOLDS CZO, the higher their return can be.
Gold Rocket | Satoshi Club: By the way, please share your tokenomics with us
Gold Rocket | Satoshi Club: Awesome
Mary | Satoshi Club: What I will be able to buy/sell on your exchange?
Jai: On Carbon Exchange you can buy and sell Carbon Offsets and Credits. On our P2P marketplace, hopefully everything!
Mary | Satoshi Club: Wow! That’s really impressive!
Jai: As we build a decentralized exchange, should there be a central authority to censor anything? I hope we develop a community that does responsible trading with crypto.
Mary | Satoshi Club: Gotcha
And now it’s time for the live part of our AMA
Gold Rocket | Satoshi Club: Thanks! It was amazing part 1
Mary | Satoshi Club: Ready for the storm of questions?
Gold Rocket | Satoshi Club: Really Niagara falls
Mary | Satoshi Club: Let’s go
Gold Rocket | Satoshi Club: Get ready
Part 2 — live questions from the Telegram community
Q1 from Telegram user @JoxesXIII:
You are currently looking to hire a CMO, and I know some professionals who have been working in the sector; What skills do you prefer and above all, what vision do you have about CarbonZero in the marketing aspect?
Jai: Carbon Zero is a project that we believe should define us the crypto believers as a responsible community that wants a positive impact and betterment of the world. We know we are up against some very big centralized corporations and authorities. Although, we do have an amazing team of people who have already taken steps to build big partnerships, we need a diverse candidate that understands the beliefs in crypto, how do we build a fearless community of believers that are ready to counter challenges that are coming towards us? And who can help us ensure that we remain a diverse team. We plan to build a community that chooses its leaders, if a candidate checks these pieces, I believe that can help us for long term.
Q2 from Telegram user @boradam:
Do you think with the team of marketing, film making, and engineers you can make this project successful?
Jai: Thank you for asking this question. If you’re questioning my belief in this team? I have 100% trust in abilities of every single person, as you can see on some LinkedIn profiles as well. But sometimes motivation matters as much, the team has delivered before in different areas. The team truly believes in what needs to be done for the betterment of the world. The team will be taking action on plans for sustainability, impact fund and engineering and you will see the result in the valuation of CZOs. I hope this answers the question, if you have any other questions, please do ask us. We will be more than happy.
Q3 from Telegram user @BJosefina61:
10% goes to the Carbon Zero Impact Fund, this is sold on the open market through tokens, or how do you plan to fund this wonderful initiative?
Jai: 10% of the tokens were initially awarded in the impact fund. As we progress and the need of the corporates and impact investment funds around the world rises, we will continue to add liquidity in that fund through asset development. Also, 3% of all transaction goes to this fund, we will be partnering with more and more entities for more transactions. This will increase this fund and help us deliver better assets for other parties to invest in. In turn raising the valuation of the fund over time and stabilizing CZO valuation.
Q4 from Telegram user @Shaa93:
How important is decentralization for CarbonCapture?
Jai: At this moment, centralized entities are creating a problem that affects everything on earth. Will they take accountability for everything, carbon is byproduct of our existence. I am breathing out CO2 right now, this is the biggest problem that UN is trying to solve at the moment. So why try to centralize action when problem impacts everyone.
Corporate brands exists because of everyone’s needs and beliefs. Carbon Capture and lower footprint should be incentivized to ensure emissions are reversed. Should be governed by all for all. That is why so many of our decisions are based on decentralization, that also improves belief.
Q5 from Telegram user @ethcypherpunk:
On your website you indicate a comparison with bitcoin, ethereum and fiat progress, I do not understand much, what progress is concerned and in which CZO is it taking the advantage?
Jai: Here growth is in relative terms. Some of the founders work in industrial world, where we see Carbon as a focal point in all investment portfolios. Along with that, the Paris agreement ensures that there will be huge push on getting to net zero. Currently, there is a lack of transparency on tracking and trading Carbon Emissions with staying transparent. We envision a Carbon Exchange along with a Carbon Tracking DApp will be a game changer and will ease the concerns in industrial world. We see it impacting Carbon Zero significantly. Decentralization of an ecosystem that impacts the whole world can be beneficial as brand association for a lot of corporations. The lack of CZO at that time will rapidly enhance it’s value due to growing demand and limited supply, because we burn 3% with every transaction.
Q6 from Telegram user @Regina4744:
Is it not it will be the wrong decision to launch the project in this bear market? Every coin going down whether good or bad. How do you see this?
Jai: This is interesting, yes we were aware of the bear market and questioned our decision at multiple times. But we launched on 30th June, 2021 — A town in Canada was lost in 15 mins to wildfires. I am still breathing the smoke from these wildfires at this point. The goal of Carbon Zero is to be the biggest in Carbon Capture. Which is a growing need, and you will see this escalate as we are at the highest concentration of Carbon in millions of years.
So why not capture this need of the market, make it decentralized and help the Crypto market by adding belief and trust of communities outside. A lot of our investors are first time buyers. Crypto is something we believe in due to its transparency and counter to inflation. We believe both are going to be major concerns in near future.
Yes we will have less investment initially, but what better time to come, fight the odds and leave an impact.
Q7 from Telegram user @Frederick37366:
Revenue is an important aspect for all projects to survive and maintain the project/company. How have you been able to build a complete project and what is the way to generate profit/revenue of the token? What is the income model?
Jai: Cash flow and financial break-evens are absolutely the major factors in determining the longevity of any business. As we release our products, we are in a market where there is growing pain and need of these products. Along with marketing and brand association opportunity with us a Carbon Negative Ecosystem, we can generate revenue through advertisement and partnerships. This will help us reach financial breakeven faster. Our impact fund will help us stabilize CZO, all this ensure our ROI > Cost of Capital invested, helping us become a sustainable venture.
Q8 from Telegram user @ask2lance:
Please how do you plan to involve your community in these your project so that more carbon will be removed from the atmosphere and also reverse climate change?
Jai: Yes, we would encourage everyone to get involved. Whether it is our CMO position, as a coordinator, or community manager in a different part of the world. I would love to encourage more people to join us. Currently, we are refining our messaging while engaging community leaders across the world. We have had tremendous success as people are receptive and motivated to work with us. We are not finalizing partnerships but we will pretty soon and you will see us more and more. But decentralization and self governance is key to CZO communities across the world.
Q9 from Telegram user @lamsaophainoi:
Good day sir…Where can I buy it? Also all the links to all your social media platforms if possible???
Jai: All information is available at https://carbonzero.finance.
Q10 from Telegram user @cenkkargin0666:
Which blockchain does the carbonzerofinance platform choose or will integrate into? Can you share with us the reason for your preference in the blockchain you prefer?
Jai: When we were envisioning a launching this project, this was a question we were discussing a lot. BSC was a much cheaper option than ETH for launching the project as well as transaction costs. We are in this business for decentralization and a centralized blockchain like Binance goes against the principles of democratizing power. We sacrificed low cost and more holders for the simple fact that we are in this for long and can not sacrifice decentralization at any cost. This was a hard decision, but if the community won’t trust the blockchain, we can not be successful. The higher cost of transaction may have prevented us from being a pump and dump project too, which has helped us validate the true investors in the project.
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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