AMA Recap: Rh!noX Launches Official Roadmap and the future of SBTs
Before we get into the recap, we want to thank everyone for participating in the AMA. The team was extremely flattered as so many thoughtful questions were asked during the event. We tried our best to answer most of them, and we will only cover some of the essences that help readers to comprehend this Roadmap.
Below is the official summary of the AMA hosted on October 14, 2022.
Q1: Please introduce Rh!noX to those who are new to your project.
Rh!noX is a Soulbound Token that can track key user data, built to expand the practical application of NFT to a whole new level.
The concept of Soulbound tokens was first introduced by Ethereum founder Vitalik Buterin. He envisioned a blockchain-backed, non-transferable NFT that could be used to represent an individual’s identity in the metaverse. Rh!noX is inspired by that concept.
Q2: What’s the intention/inspiration behind the idea of Rh!noX’s roadmap?
The initial theme for this roadmap revolved around ancient ruins & forests, an unknown civilization, and a prosperous society. Well, the forest is naturally rich in resources, and there’s nothing too impressive about building a society in that environment.
Therefore, we changed the theme of the roadmap to a desertified land. This sort of represents the spirit of Web3 — overcome obstacles and create prosperity in the desert out of nowhere. The pioneer in this blockchain industry laid a great foundation, allowing us to express our passion and creativity from scratch with absolutely nothing.
Soulbound Token, without a doubt, is an innovative idea even for a volatile environment like Web3, and this theme best represents Rh! noX’s ambition to realize the full potential of NFT.
Q3: What are the key components of the roadmap that will entice our holders?
Some new ideas that are introduced in this roadmap are 2nd Gen NFT, Soul Connect, and Cross Chain. View the roadmap as a blueprint for a machine — every key component complement each other. Our artists turn each component into a unique figure and lead to many subtle details you must look closer to realize. We will not dive too deep into every component, but if you zoom into the roadmap and observe hard enough, you will understand the “unrevealed” message we are trying to convey.
Q4: Will there be staking possibilities for Rh!noX NFT like other NFT projects?
We want to make staking available to our holders. However, the development of Soulbound Token is a very sophisticated process, and it’s tough for us to tell if this is even doable under Soulbound Mechanism.
We don’t want to make any false promises before having solid evidence of whether this is possible, but once it’s validated, we will definitely make it a part of our plan.
Q5: Based on previous NFT projects, there is usually a second NFT airdrop or a second opportunity for holders to mint another NFT. The second NFT will add value to the first NFT for holders; will Rh!noX do the same?
Yes, most definitely.
The team plans to introduce the ability to ‘breed’ new Baby Rh!noX NFTs from the 10,000 1st generation Rh!noX NFTs sold out in June of this year. The holders can generate Baby Rh!noX and transfer them to other wallet addresses under certain conditions and mechanisms.
Let’s call it 2nd Gen Rh!noX for now.
Q6: What does the future hold for Rh!noX?
Lately, we’ve been in touch with multiple projects from NFT & GameFi space. We are about to have strategic partnerships with different projects. The details will not be covered here, but soon, the holders will get to enjoy benefits even before the Credit Rating System goes live.
By the way, we are open to any recommendations on which projects any of you think Rh!noX MUST collaborate with. (Who and why?)
Lastly, the big announcement for today is here: Credit Rating System is expected to go live in 2023 Q1. This system is the essential fundamental of Rh!noX, and its emergence of it will lead to unlimited possibilities of applications that Web3 can’t wait to see.
Q7: How important is the community? How can holders get involved beyond just holding a Rh!noX NFT?
We feel like what Rh!noX needs the most from the community now is ‘aggressive patience’ — be aggressive with the work and patient with the result.
Soulbound Token is a relatively new idea in Web3, and we are constantly educating the blockchain community about this revolutionary idea. While developing the framework and mechanisms of Rh!noX, we need more voices from you all to spread the message across Web3, and there will be many special campaigns to encourage this.
We promise you that the project is moving forward little by little, and every step is firm and steady.
It would be great if we went beyond the moon tomorrow, but we don’t think that’s going to happen
Rome wasn’t built in a day.
But one day Rh!noX is going to be great.
RAGMI.
Feel free to reach out to us via any of our social media platforms available here: https://linktr.ee/rhinox_nft
Additional Floor Questions:
Q: Is there a development plan leading to a game? For example, a P2E game to generate a token and take part in the metaverse?
A: The short answer is yes. In the future, users will be able to see Rh!noX in different GameFi or Metaverse projects. It’s hard for us to provide an exact timeline, but we are now in discussions with many projects, and some are already in progress in terms of implementation.
Q: Currently, Rh!noX is launching 2nd Gen. Will there be a next Generation?
A: 2nd Gen is somewhat special. 1st Gen holders can breed and transfer to other wallet addresses under certain conditions. The details will be shared when 2nd Gen baby Rh!noX is available!
Q: What about the security system? Is there an eligibility system? Considering there are a lot of hackers going on behind this, including the BSC Network.
A: I believe we’ve covered this previously.
Firstly, we are currently working with many white-hat/ethical hackers to discover any potential loopholes and bugs within our ecosystem as we build the framework of the whole Soulbound Token. We plan to spend around 3 million USD for this as any undiscovered potential threats could lead to the loss of billions of dollars.
On top of that, we are considering working with third-party bug bounty platforms like ImmuneFi to host Rh!noX bounty programs. This will most likely happen when the initial framework has been finalized, and we are moving into phase 2 or 3 of development. Before crossing over to other blockchains like Ethereum or Solana, we will ensure that BNB Smart Chain’s security work is nearly flawless.
(Check the updated information on the Whitepaper under ‘Security’)
Q: On roadmap number 2 “Unsecured Loan”. Are there other criteria for making unsecured loans other than those already mentioned based on the system assessment carried out on roadmap number 3 “Multidimensional Behavior Analysis Model”?
A: Let me answer your concerns regarding the Unsecured Loan. Firstly, you are correct that a higher rating does affect the amount of unsecured loan you can apply for. However, there will be some restrictions and conditions to avoid abusive usage when it comes to loans. However, this should not be a concern as there will be a system to calculate your ratings and verify the wallet address before any issued loan.
