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Chapter X, x Satoshi Club AMA Recap from the 6th of April

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 Chapter X and our guest was . The AMA took place on the 6th of April.

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

Mary | Satoshi Club

Hello Satoshi Club! We are happy to announce our AMA session with ChapterX! Welcome to Satoshi Club

Pavel P

Greetings Satoshi Club community!

Pavel P

Let’s welcome our guests from Chapter X!

Chase

Hi everyone

Pavel P

Welcome to Satoshi Club!

Mary | Satoshi Club

@yz1020 welcome to Satoshi Club

Pavel P

Glad to see you here! How is it going today?

Chase

It’s great, thanks for having us here

Pavel P

Are we expecting someone else to join?

Chase

@Taniajpg is here as well

could you please connect her as well?

Pavel P

Just a min!

Tania | ChapterX

Hello everyone!

Mary | Satoshi Club

Added

Mary | Satoshi Club

@Taniajpg welcome here

Chase

awesome, thanks!

Pavel P

Let’s start guys!

Mary | Satoshi Club

And we will start with intro

Tania | ChapterX

LFG

Mary | Satoshi Club

Guys, could you please introduce yourselves and tell us more about ChapterX

Tania | ChapterX

Hey everyone, I am Tania, one of the co-founders of ChapterX

I lead the operations and marketing effort of ChapterX!

Chase

Sure, this is Chase, co-founder of ChapterX. I have been in the space since 2016 running ICO pools. I was previously at Binance Labs investing in early stage crypto investments including Layerzero, Gamee and Starsharks. Super excited to run a project with my co-founders

ChapterX is the next Chapter of MetaFi. We are bringing Meta Identity into a Socialverse by allowing users to create their unique profiles, projects to quickly own and build out their worlds, as well as creating 1-to-1 3D avatars that match existing NFTs. Everything functions within an immersive social infrastructure that allows intimate interactions between NFT projects and users

Mary | Satoshi Club

It’s important direction how did you start with crypto? Tell us your story

Tania | ChapterX

Before joining web3, I was at Morgan Stanley as investment banking associate. The ONLY asset class I could trade back then was crypto and NFT. Thats how I got into web3!

but more importantly, I started to help projects to launch and market when Solana eco-system started!

and thats how I met my co-founders!

Pavel P

That is impressive! How many people are working on Chapter X besides you two?

Mary | Satoshi Club

Solana is developing fast as i see some NFT collections on Solana are already on OpenSea

Chase

we are expanding quickly, and have 13 full-time now, from Unity developer, Blockchain developer to concept artist and BD guys!

agree, Opensea coming to Solana is a big one. We will be integrating Ethereum too as we want users to have access to all liquidity

Pavel P

Great number! So what do they bring to make Chapter X special comparing to others?

Mary | Satoshi Club

This will be awesome! Liquidity is a key for success

Chase

we have guys who have important experiences and believe in our vision. For example, our tech advisor was a senior developer at Riot Games. Our other co-founder and CTO was a tech lead at Apple. Everyone in our team contributes in different ways to make sure that every part of our product is top notch

Pavel P

Like this attitude

Mary | Satoshi Club

Thank you for this great intro after it i am even more excited to see your answers to the questions from our community

Chase

thanks for having us

Mary | Satoshi Club

Are you ready for the first part?

Pavel P

Q1 From Telegram User @UncleStrange1

I understand that the Chapter X marketplace currently supports Solana, but will integrate Ethereum, Polygon and BSC as well. Also in 2021, there was 0% transaction fee on all transactions and 0% listing fees. Royalties for each project differs and it is not controlled by you. Fees will be 1% after. With the growth of your platform, has the listing fees and transaction fees also change from 0%? When should we expect the integration of the Ethereum, polygon and BSC? Will the transaction and listing fees be the same for all if you finally integrate other Blockchains? What factors control the royalties of each project?

Chase

Our marketplace is a key component of our metaverse platform, by allowing users to trade assets created by us and by our decentralised artist network (3D Creator DAO). Some of these assets can be virtual real estate such as buildings, while others or the most interesting part can be 3D avatars that are tied to existing NFTs. It currently has 1% fees and we are looking to keep it that way for the foreseeable future. We will integrate our marketplace with other blockchains once we have more partnerships on those chains. It will also be more useful when we launch our metaverse platform. Royalties will be determined by each project that will be acceptable by the community but it tends to range from 2% to 5%

Pavel P

Could you explain that correlation between 3D avatars and NFTs? How and why they are linked to each other?

Chase

We believe we are pioneers on this. Through our platform, we can mint 3D avatars as NFTs and that can be part of your meta identity within our platform. In addition, for each NFT you have, say a Solana Monkey Business (SOL) or a Azuki (ETH), you can create a 3D version on our platform that will be linked 1-to-1 to the NFT you own. So your NFT will now be your avatar and in 3D

Pavel P

Wow! One more usecase of NFTs!

Mary | Satoshi Club

Thank you for your answers! Ready to proceed?

Chase

yes!

Pavel P

Q2 From Telegram User @GracieEne

I read that Chapter X is a platform with tools such as Re-skin system and 3D Creator DAO for projects to build their open worlds and convert all NFTs to 3D avatars building an open world with interoperability. Please can you tell us more about the Re-skin system and how your 3D creator DAO will operate? Are there other tools in Chapter X asides Re-skin system and 3D Creator DAO? How will users be able to access these tools and are these tools given to users for free?

Chase

Our 3D Creator DAO is a decentralised artist network that allows projects or users to connect easily with artists to create 3D assets, be it character models, furniture or buildings.

Our Re-skin system is a tool to render 3D avatars within our world. For projects with NFT collections, they can either use their existing 3D assets or use our Creator DAO to create the base model and traits and then use our Re-skin system to create the corresponding 3D avatars. For example, Solana Monkey Business holders can claim their 3D models that are rendered in real time through our Re-skin system.

Mary | Satoshi Club

How can NFT collections owners or holders apply to you to create 3D assets?

Chase

We will have a form online for application, and we make sure that it is as user friendly and simple as possible, but also have all the details required. All artists will be incentivized through our token, so they actually get paid more than in web 2.0! There will also be a vetting process where we make sure that they understand what our artistic and technical standards are. In a web 3.0 fashion, similar to slashing on say Polkadot network, we allow users and projects to rate them as well. That provides another channel to weed out those that are under performing, but we want to make sure that the system is equitable and fair to all parties

For owners and holders, they will apply in a similar fashion, and we will have a verification system to make sure that they own the projects

Pavel P

That is a guide for our members to follow the updates from Chapter X when the form is available

Mary | Satoshi Club

Nice system! Actually i want to see more and more 3D avatars in NFT space

Pavel P

Thank you for such detailed answers!

Mary | Satoshi Club

Thank you for your answers! Ready for the next question?

Chase

yes please

Pavel P

Q3 From Telegram User @Anne_Tim

One of the utilities of your token Seek is the possibility for users to create their own accessories in form of NFTs and then progress in their game journey. Is the process of NFT free and available for any player? Are there any conditions to be respected? Once NFT is created, is it possible for owners to sell or rent them through your Marketplace? Thank you.

Chase

Yes, we believe that everything should be free to use on our platform. You do not need any NFTs to create accessories and it is available to all players. For example, you can create a gold spade that allows you to mine minerals (at the fastest speed, or most efficiently) that are part of reward system. The spade allows you to mine faster and earn more rewards. Some of these will be randomised, so you can either get a bronze, silver or gold spade and their functions will differ according to rarity.

However, if you own certain NFTs from our partner projects, you can receive special discounts and rewards such as cheaper minting price of certain accessories and exclusive tickets to events within our world. Some accessories are also limited edition and available for a period of time only.

Owners can then sell these in our marketplace. Other people will be incentivized to buy due to the following reasons: 1) accessories that are more rare (for example, gold spade), 2) limited edition accessories 3) saves time and money to get enough tokens

Renting will also be available at a later stage, and will be particularly useful for larger ticket items. However, we want to push out one product at a time, update in real time and make sure that everyone is happy with the product

Mary | Satoshi Club

How expensive will it be to create accessories?

Chase

There’s a wide range here. Accessories can have vastly different utilities. For decorative ones, it can be a few dollars to hundreds. For a spade, it will be in that range also. If we are talking about ones that can change your utilities, like mounts we are thinking of issuing in the future, that can be much more expensive. Mounts will allow you to ride on top and move faster throughout the world and get better play-to-earn rewards, so please follow us and look out for that!

Mary | Satoshi Club

When this function will be available?

Chase

We are pushing out closed alpha with partners now in Q2. Our multiplayer metaverse is already fully functioning. We will proceed to a beta version for early users to test in Q3, and that function will be available by then

Mary | Satoshi Club

Thank you for your answers! Ready to jump to the next question?

Pavel P

Q4 from Telegram User @Blessingchum

Hello Chapter X team

Today’s NFT market is fragmented and lack ways for people to connect and discover besides Discord, which is still primarily used only for the Web2 gaming communities. Chapter X however aims to solve these problems by building upon three major pillars which are listed as follows; COMMUNITY, CREATION and CELEBRATION. Can you elaborate on these three pillars that Chapter X is building upon? What are the roles and features of each of these pillars in creating an itch free environment for Web3 related gaming projects? Another issue is that scaling 3D models is difficult for individual NFT projects to take on. How would Chapter X address this issue? Lastly, Don’t you have a telegram channel/community?

Tania | ChapterX

On Community, ChapterX is all about providing a “home” to all web3 projects to live under the same roof. So it provides a discovery experience across communities and allows users to engage on a deeper level within their communities. All the tools we built are designed for building communities

On Creation, users can upload 3D models they create or customise existing assets to create new scenes and share with people! Users can also share and monetize their creative assets too!

On Celebration, the fact that we don’t limit avatars and 3D assets to specific artistic preference, we embrace and celebrate different communities across web3. ChapterX is a happy place, we are always celebrating progress and new friendships we made here

Pavel P

SatoshiClubbers, do not miss the chance to join great project on its early stages!

Mary | Satoshi Club

Very detailed answer! Thank you!

Pavel P

Ready to proceed to the question nr. 5?

Pavel P

Q5 from Telegram User @Cheriemike

Building a project and sustaining it comes with it challenges and to fully grow or succeed,a project will need support from others.Closely looking at Chapter X website,I noticed that you didn’t made mention of firms or projects that are partners of Chapter X and your roadmap did not signify if you will onboard any partners in your project.So have Chapter X establish any partnership yet and they happen to be anonymous?Or are you in talks with any establishments/firms that will support you or is it that you will being onboard some partners when you officially launch your game in 2023?Please tell us which firms will you possibly form alliances with.Thanks

Tania | ChapterX

We have a lot of partnerships lined up and we will announce them one by one!

Our co-founders have extensive experience in the space. One of them worked as a key member of the investment team at one of the largest exchanges, another is an OG in NFTs while the other co-founder worked as a tech lead at Apple. So we have plenty of partnerships coming up

Sneak peek

Tania | ChapterX

1. We have a group of all-stars strategic and angel investors who have been very supportive and help with tokenomics design

2. We are partnering with some of the biggest PFP NFT collections on Solana (stay tuned to our announcement this week!)

3. We are partnering with Gamfi projects across different chains as well where you can use your characters and weapons in ChapterX world too!

4. We are also in-talks with game guilds for land acquisition and development

Mary | Satoshi Club

Can’t wait to see the names i will turn on notifications

Mary | Satoshi Club

Thank you for your answers! Ready for the 6th and last question from this part?

Tania | ChapterX

Yes!

Pavel P

Q6 from Telegram user @NataliyaKil

According to the road map, the sale of land is planned for the 4th quarter of 2022. Please tell us more about this event. How many are planned for the sale and where will it take place? Who will be able to take part in the sale of land, is it necessary to have special access for this, a place on the white list? What functionality will the earth have?

Mary | Satoshi Club

As i understand we need to start to work on whitelisting right now?

Tania | ChapterX

On the whitelist of the land sale, if you own the pre-alpha pass or our genesis NFTs (Check out our medium for more details!), you can secure a whitelist spot easily. If not, you can also win one with giveaways later down the road!

Pavel P

On the whitelist of the land sale, if you own the pre-alpha pass or our genesis NFTs

Check out our medium for more details https://medium.com/chapterx-world, you can secure a whitelist spot easily.

If not, you can also win one with giveaways later down the road!

Pavel P

This is so exciting! Ready to see more very soon!

Mary | Satoshi Club

Gotcha

Thank you guys for this amazing first part of our AMA! Live part is coming ready for it?

Pavel P

Thank you guys, for your answers in part 1!

Chase

can’t wait!

Pavel P

We will open chat for 120 sec only!

Mary | Satoshi Club

Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @sirdefi

I read that there are 10 chapters for users to explore, can you tell us a little more about these chapters? how will these chapters be released? how many chapters do you expect to release this year? what will each chapter be about?

Tania | ChapterX

Bingo! There are 10 chapters in ChapterX metaverse and each of them have a unique storyline, quest and wearables. We will release the first 3 chapters in the next month! Then after that, each chapter will be slowly revealed You will need to find out what each chapter is about by visiting our community garden . But one of the capters will allow you to jump across clouds and enjoy a smarties chocolate shower

Q2 from Telegram user @highpee

You said users that own a PRE-ALPHA PASS or your GENESIS NFT can secure a whitelist. How can user obtain this pass and are the Genesis NFTs all given out? If so, are there alternative and other whitelist options for late users like me?

Tania | ChapterX

Join our discord and follow our twitter! There will be a giveaway soon for the pre-alpha pass . We always appreciate community members that support us and help other members to enter the space as well! Getting the pre-alpha pass will allow you to win a gensis NFT or a whitelist spot for that too . Watch out! It will be a fun one!

Q3 from Telegram user @Nishant8307

Where we can make our own avatars and the where it can be sell or how it helps to earn money ?
Is this necessary to complete our daily quests and campaigns ?
Tell us in BERIF ?

Chase

You can use our 3D Creator DAO to find artists that can create these, and can also use our system to mint 3D NFTs. You can then trade them in the marketplace. Besides avatars, virtual real estate and assets are also big parts of our world. Imagine making Burj Khalifa and putting it in your land!

Q4 from Telegram user @follow_upgs

What are the uses of the $SEEK token?

Chase

It is our main utility token and is used for governance and voting. The token will be used in our main platform DAO and also in sub-DAOs that are formed by projects, guilds, parties and more! In addition, $SEEK will used to incentivize development of lands and creation of 3D assets through our Re-skin system and 3D Creator DAO

Q5 from Telegram user @GracieEne

You made mention that users in Chapter X can create their full set of 3D avatars through a few clicks. I would like to know the process of creating these 3D avatars? Are there certain skills users are expected to have before they can be able to create avatars and how many 3D avaters are in each set?

Chase

Users do not need technical skills, but they need to identify the NFTs to convert to 3D avatars and also what kind of assets they want to create to be used in the world. If you can identify a hot commodity that people want in the world, you can also sell it for a good profit. Not financial advise!

Q6 from Telegram user @cryptoflower13

ChapterX was designed for 3 main types of users: NFT projects, blockchain games and NFT users. In essence, what are the benefits and tools it provides to each of its users and what kind of problems does it solve for them?

Tania | ChapterX

NFT projects: they are always looking for additional utility for their NFTs and more immersive ways of connecting with their communities. Our platform allow them to do that without spending a lot of time to build out metaverse infrastructure themselves!

Blockchain games: fun fact: ChapterX started as a metaverse specifically designed for PFP NFT projects. Then…Gamfi projects start reaching out to us and told us this is a perfect place for them as their “demo-verse”. A lot of blockchain games have issued NFTs/token years before their game launch. With ChapterX, their holders can interact with their NFTs and socialize in an environment that mimic how it would look like in the real game without much effort!

NFT users: don’t we all want to use our NFT more than just the pfp on twitter? Now you can actually roam around and meet friends as your NFT but a 3D version! You can meet friends, build connections and do all the DAO things in a 3D world rather than just discord and twitter!

Q7 from Telegram user @jirencrypto

How will the ChapterX governance system work? What are the requirements to belong to the governance? Is it necessary to have a certain amount of $SEEK to be able to vote?

Chase

You can think of ChapterX as a DAO in the making. It will be more centralised at the start to make sure the key policies are in place, and we will open up gradually to have many policies shaped by holders, that is you! By holding $SEEK, you will be able to vote and shape the space, the integration of games and more. There is minimal amount of tokens you need to have, everyone has a say

Q8 from Telegram user @habibi_ve

According to your roadmap for this Q2 2022 you will launch your Re-Skin system, can you give us more details about what this system is about? How does it work? What are the features and benefits of it?

Tania | ChapterX

Re-skin system is our own proprietary system where we read the meta data of your NFT, and real time render your avatar for you to use in ChapterX (instead of saving thousands of 3D models in our server!) This way we further optimize the performance of our metaverse!

Additional benefits include reflecting updates / mutation of your NFT! Whenever you use your avatar, we will render it! So if there is changes, your 3D avatar will reflect that too!

Right now, re-skin system is only available for our partner projects! We will open up to more users soon!

Q9 from Telegram user @alicandogan9

Can you share with us if you have programs that can enable people to monetize the Chapter X platform? Can you tell me what kind of ecosystem you are building that can enable a user to both generate income from the Chapter X platform and generate income for the continuity of Chapter X?

Chase

3D asset and NFT trading is a big part of us, and will be an exciting monetizing channel for users. Mini games within our 10 chapters will be another avenue for users. We are working with partners on this already! From the usage of the platform, fees are generated and part of that goes into the reserve. This reserve then goes to marketing and expenses to further the platform’s growth and longevity as a result

Q10 from Telegram user @Thisistoyin

Giving that its A Web 3.0 Platform, from a Wide Point of view, A platform like this that is capable of allowing Multiple projects to also build, craft and customize their very own avatars, one would wonder how Scalable the Platform is in terms of high TPS (transaction per second) Have you been able carry out proper Analysis to ensure that your platform is completely scalable and Reliable? Thank you.

Tania | ChapterX

We are doing routine stress testing to ensure a reliable and scalable experience to our users. We’re using a distributed architecture to reduce bottlenecks. We support Solana which has a high TPS and are working on integrating with Eth and other blockchains in the future

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.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:
Discord- @ChapterX
WebSite — https://www.chapterx.world/

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