Space SIP Global AMA Recap - January 13th

This Global AMA on January 13th, 2022 is a great opportunity for us to get closer to the community, as well as to let you know more about our accomplishments, our vision, and what we have to offer in 2022.

Section #1: 2021 LOOK BACK

Vy: Hi Mr. Lan, can you please introduce yourself a little bit?

Mr. Lan:

Hi everyone, for those people who don’t know me, my name is Lan Pham. I’m the CPO of the Space SIP project. I am excited to join AMA today. And I hope that after today’s AMA, you guys will have a more specific insight about our vision and what we’re working on.

Vy: That’s great. So, in 2021, Space SIP has achieved numerous successes. Can you name some outstanding accomplishments of the project?

Mr. Lan:

2021

Our SIP token has been born for 11 weeks. And our game has been born for 6 weeks.
We’re still a young project but what we achieved is truly incredible.

2022:

• New feature released on January 5th: Tournament
  (Total participants: 3,428, Total votes: 12,830)
• LP Staking Pool
• We admitted that we’re true builders. And sometimes builders are not strong at showing up the outcome or making up the stories. We continue to build as we do but we’ll show up the outcome so that everyone can see and appreciate what we have been doing.
• We already have a weekly magazine and we’ll upgrade this magazine to add these reports.

Vy: What do you think about Space SIP’s amazing growth until now?

Mr.Lan:

• In fact, those achievements were completely beyond my imagination.
• At first, we built the project with the mindset of just doing our best and seeing what will unfold. But then, our community was so amazing that helped Space SIP go viral and continued to set new records.
• I genuinely, deeply appreciate all of your enthusiastic support.

Section #2: 2022 ROADMAP

Mr.Lan: We’ve already published the Roadmap for 2022. In the scope of today’s AMA, I would like to share more details about what we’re going to do in Q1 and Q2.

1. Space SIP Game:

• We’ll add one more element on top of 4 elements. This is a neutral element that will bring new characters and new fighting strategies for our players..
• We’ll release Fusion — where you burn NFTs to unlock level upgrades, unlock random skills and other bonuses. The entire process is randomized so each NFT is going to be more unique.
• And those 2 upgrades are aimed at the most expected feature: PvP. This feature is promised to bring another level of competition for players. We’ll then have a PvP Leaderboard for individuals, teams, countries, and regions.

2. SIP DeFi

• We’re going to launch special staking pools with no limit. Via Staking, players can earn SIP and special points which can be exchanged for tickets and items to:
  - Purchase consumable items for combat missions or NFT upgrade
  - Join lottery event to win jackpot prizes
  - Join lottery event to win partner offering IDO or INO
• We’ll also launch a Lending feature on Marketplace, and Lottery system.

3. Space Metaverse

• We’re building our own side chain which is promised to solve short term use-cases such as gas fee and performance. From the recent demo, we already spun up a genesis node and validator nodes in a private tesnet. With this private tesnet, we can mint testnet SIP tokens, create wallet addresses and transfer the tokens. And we even bridge an Ethereum testnet token to our private chain successfully.
• We’re now working on a deal with a big name to set up the partnership, funding, and support for this private chain. And we expect to have a testnet by Quarter 2.
• We’re working with our partners on a loot system. Each NFT minted by this system can be used in games that join the Space Metaverse alliance.

4. Space SIP Ecosystem

• Last month, we listened to you and made proper changes to tax and claiming. And we listened to you via public polls on the Telegram channel. This is the basic form of a DAO. And in 2022, Space SIP DAO will be implemented.

Vy: That’s amazing to hear. Moving on, could you give us specific details about the Roadmap Q1?

Mr. Lan:

Fusion + Skill System: Enhance the uniqueness and strategic aspect of Space SIP

• PvP: Boost the interaction between players + level up the gaming experience.
• LP Staking pool:

Benefits of LP Staking for users:

— Receive transaction fees for providing liquidity.

— Higher ROI (APR/APY) compared to normal Staking.

— Reduce slippage.

• Lending mechanism: Lower financial barrier
• Introducing Space Metaverse.

Community concern:

Vy: Indeed, I am also very pleased with the strong growth of Space SIP in such a short time. However, there have been many questions regarding the price of SIP. What do you think about the recent drop in SIP prices?

Mr. Lan:

As you can see, the whole crypto market is in the correction phase, we’re a part of it.

Besides, many other projects and NFT games recently did something bad so it also affected the community’s confidence and decided to exit. That is a common thing.

After a very high FOMO phase, this is the necessary purification stage of the entire market, where low-quality projects disappear, and the good ones will stay and thrive.

If one word could be used to describe Space SIP, it would be DEDICATION. No matter what happens, we’ll keep up the good work and expand to the furthest.

The last thing to say, if we don’t build then we won’t have anything to play with when the market becomes green. So for us, price is just a number.

Vy: Many Invaders are worried about the next vesting day on January 25th. Do you have any plans for SIP price on that day?

Mr. Lan:

I totally understand your concern about the price of SIP during this period of time and especially the vesting period of the decreased sell. To be honest, we cannot avoid vesting because:
- First, it’s the rights of our investors from the early days when Space SIP is nothing, only the early investors have the faith in Space SIP and invest their money.

- Second, it’s the obligation and responsibility of the Space SIP team. As you can see, we have released a new policy in December where we added a 1 month cliff to the vesting period and our investors are still supporting us.

So let’s try and believe in each other. Together we’ll go through this bad market.

Section #3: FORM QUESTIONS

1. How do you plan to spread awareness about your project in countries/regions where English is not spoken well like Indonesia, Vietnam, India, Bangladesh and Iran, do you have local communities for them to make them better understand about your project? (@Mizan8i)

Mr.Lan:

Currently, we have local communities for: VIETNAM, TURKEY, SPAIN, BRAZIL, THAILAND, PHILIPPINES, INDONESIA, INDIA ,CHINA, RUSSIA . We’re working with partners all around the world in order to increase global adoption. We also conduct further collaboration and marketing initiatives with partners, KOLs, influencers, and ambassadors from different countries. Not only that, our community also plays a crucial part in this period. With each like, share and good comment about the project will allow Space SIP to reach even more users and regions.

2. Do you have a decision to create a DAO? Isn’t it better for the players to play a role in decisions and suggestions and implement new plans by voting from the community? (mehdijahani275)

• Mr.Lan: Of course, we do!

When we first implemented the changes for the early withdrawal tax and claiming time, you may have noticed that a public poll was conducted beforehand, so that we could listen to what our users wanted and make the necessary changes to the game. That’s our first form of DAO.

And this year, our DAO will be implemented fully. All the Issues related to the operation and development of the ecosystem can be voted on based on the preferences of the token holders. So hold your SIP to be a part of it.

3. Savings and Stakings are obviously a few solutions for everyone to generate passive income. So are you considering using one of these products in your project? (@Haphieu)

Mr.Lan: We currently have 2 staking pools, the Lightning Pool with APR 180% and Fire Pool with APR 200%, but they both have the max total deposit. We need to apply this FCFS mechanism to prevent the inflation for the $SIP token, and to ensure that Space SIP has a healthy economy.

But we won’t stop there. More pools are coming, and especially the LP Staking Pool with the SIP-BUSD pair will be released this January 15th. This LP Staking Pool will allow our users to generate passive income and open up a path for exciting new features via the points mechanism. The APR will be announced soon so keep an eyes on our channel

4. Security & User Interface is the most important aspect users see on a platform. How did you do this? (@LoLi_BB)

Mr.Lan:

Recently, the exploit cases of NFT gaming projects are becoming more and more frequent as they didn’t pay enough attention to the security aspect. However, at Space SIP, we have foreseen this since the very beginning. We have been partnering with Verichains LAB for the audit of our Smart Contract. We’re confident that Space SIP is one of the few projects that has public their audit report for the:

• Token Metric
• Public Sale NFT
• NFT contract
• Staking Protocol

And just last month, we also have the maintenance to optimize and upgrade the system security.

5. Marketing is at the heart of every project, so it’s important to let people know its potential. What is your strategy to attract new users and Investors to your platform and retain them long term? (@laothu1990)

Mr.Lan:

Firstly, we’ll connect with potential communities from other countries to introduce Space SIP through AMA sessions.

Secondly is the KOL: We’re now having over 35 KOLs from Thailand, Brazil, Philippines, Viet Nam, Indo, Uruguay, Spain, UK, USA,… talk about the project. We’ll continue to collaborate with new and current influencers to promote Space SIP via their channel and social media.

Thirdly, newspapers: Space SIP have appeared in over 400 news, specifically Yahoo finance, Yahoo, Marketwatch, Blackreport, BSC news, AZcoinvest, etc…with multiple languages.

Fourthly is sharing news via our partners’ telegram channels and twitters so that we can increase the adoption of Space SIP in other communities.

Moving on is the event. This is an easy way for us to onboard new users to our project by co-hosting with partners and other communities.

Besides, the most important is to maintain and develop our current social channels.

And finally, we’re also collecting feedback from users to Improve game, release new features. FYI, we have been receiving lots of amazing responses and feedback from the community, as well as our moderators and KOLs.

Vy: As Mr. Lan just mentioned, the support from the community is one of the most valuable support for us, and a very small action could help the project goes a long way

We really appreciate what the community have done to support us, and we hope that you will continue to show that support now and in the future

And slowly but surely and sustainably we’ll grow strong together!

Section #4: LIVE QUESTIONS

1. Are you planning to add more uses for SIP token ingame? maybe adding degradation to ships and using SIP to repair them. (Omar Guimaray)

Mr.Lan: Yes we have a plan to add more uses for SIP token ingame. We’re thinking of a way to balance the circulating of the SIP token, the NFTs and their earning capability. If you noticed that we have a free charge feature after 30 matches and that may be one of the use cases for the SIP token in the game.

2. Can you hide the next vesting date?? Because we don’t want public to be scared (claudez)

Mr.Lan: Actually we’re scared of each other. Because only the old users care about the vesting date. And again to be honest that is the obligation of the project. So if we commit to the bill, don’t worry about that one.

3. When will Space Sip release Fusion Mode? (IRL.)

Mr. Lan: We’ll release it in Quarter 1, keep following our channel for the latest update.

4. Are you planning to list SIP tokens in Binance? (Laxeus)

Mr.Lan: Yes we do

5. Prices are just numbers but at the present time, is the price of SIP attractive to newcomers? (PeNong 9 Ngón | Spirituality Advisor | CFL Community)

Mr.Lan: I think SIP is very attractive because if the price is so high, then no one wants to buy.

6. How do you make investors feel confident in your project while most investors will consider the project with the price of coins and chart at the moment? (Karndit Witthayaanumas)

Mr.Lan: So the price of coins and the graph are the beautiful things in this industry, so everybody likes to look at them everyday. But for the real investors, if they want a long-term commitment and long-term return they should look at the team and the project itself.

7. What is the plan for Explore mode? Will there be any rewards offered there in the future? (laxeus)

Mr.Lan: Yes, for the Explore mode we’ll have a special score called exploring score, and users can use these exploring scores to exchange tickets and items that can be used in the future. The items can be used for upgrading NFTs, a skill slot. And the tickets can be used to join the lottery events.

8. How can we fix NTFs oversupply and how to make SSR more valuable? (Yutthapoom Suwan)

Mr. Lan: The NFTs will have limitations in supply, and right now NFTs have a level cap so we’ll need to burn NFTs to upgrade, and this action will fix the oversupply issue. The SSR is more valuable in earning by its fuel capacity and rewards, so right now if you have an SSR NFTs, you will see it. But if you don’t have it yet, wait for the lending function, and hope that you can lend one when it is ready and you can enjoy the benefits of it.