Wolfonaire Chatbox : AMA With Polkally (12th May, 2021)
Hello! Wolfonaire Family & Crypto Enthusiasts
We recently hosted an AMA With Polkally on 12th May, 2021 at 2.00 PM UTC. This session was phenomenal. If you have missed then here is the precious AMA transcript, for those who missed the live session this will enlighten you for sure…
Guest Speaker :
Ms. Chloe Bigot | CEO, Polkally
(Note: This is the transcription of the event. Please note that the transcript was edited for comprehensibility and coherency, while the content was not changed.)
Chloe : Yeah so my name is Chloé, I’m a french painter and & 3D modeler, and I’m also the Polkally CEO. Polkally is a P2P marketplace for NFTs, powered by Polkadot as well as EVM-based blockchains.
Wolf : What Are The Major Milestones You Have Achieved In Recent Days.
Chloe : We launched our project back in February of this year and we have fundraised $700k so far
Since we launched Polkally at the end of February, several incredible investors have joined our project.
Want to know more? 🤔
Then read this Medium article https://bit.ly/3tgHOny
Follow us on Twitter https://twitter.com/realpolkally
Follow us on Medium https://medium.com/@polkally
Join our Telegram Group https://t.me/polkally
Join our Telegram News Channel https://t.me/polkallynews
We got incubated by EuraTechnologies, one of the biggest accelerator for startups in Europe
Wolf : Awesome 👌🆒️🙌
Chloe : And we have two IDOs in the pipes, planned for May 19th on Zeroswap (ZeeDO) and Poolz. We are organizing a public sale on Poolz and Zeroswap during May!
If you want to know more this dual-IDO, make sure to read this Medium article (https://bit.ly/3ekwVgf)! ☺️
Wolf : Appreciate That
Chloe : We are extremely happy and proud to announce what is probably one of the most exciting news related to our project!
We have officially joined EuraTechnologies, one of the best incubators in Europe! 🚀
Want to know more? 👇
👉 Read the Medium article
Wolf : Please Share The Details About Your Private And Public Sales,Must Include The Initial Marketcap And Vesting Schedule?
Chloe : Sure
Here you go. Our initial market cap will be $800k.
Wolf : Have you met all your goals in the roadmap till now? And were there any difficulties that you didn’t expect and were not prepared for?
Chloe : Our project is still under development. We expect a first version of our protocol to be available by the end of summer 2021. Things have been pretty smooth so far so we’re really happy about it :)
Wolf : Can You Please Share With Us The Motivation & Benefits For Investors To Hodl $Kally Token For Long Term? What Plans Do you Have to Create Demand & Scarcity For The Token?
Chloe : First, let me share a list of the core features of our upcoming platform.
-Decentralized KYC, based on IPFS
-A dynamic auction system, to sell artworks at the best price
-Compatibility with all EVM compatible networks as well as Polkadot
-NFTs exchangeable for physical artworks, thanks to partnerships with private art galleries
-The Polkally DAO, to allow KALLY token holders to participate in the whole decision-making process.
KALLY (the native token of our ecosystem) will have three main use cases:
First of all, you need it in order to buy NFTs within our platform.
Secondly, you’ll be able to exchange KALLY for ads, if you want to promote your artworks using ad banners.
The third biggest use case of the token is the governance right since KALLY will be used through the Polkally DAO, where people will be able to participate in our whole decision-making process.
Wolf : Thanks For The Details. Lets move for the community round
Now Community Question & Answer Session Began
Q1. While you build your project, do you take into account community feedbacks and demands?
Chloe : Of course we do, community is so much important in this space. That’s especially why the Polkally DAO is part of our roadmap.
Q2. Staking seem to be popular right now on many blockchain project. Can you please explain the detail about $ KALLY staking plan and the benefits of adding “staking”?
Chloe : We’re in touch with a few well-known staking protocols so more info regarding the Polkally staking should be available very soon
Q3. Ethereum is killing it’s users for the high has fee. Why you decided to use Ethereum while we are now in the era of BSC?
Chloe : As we’ve said earlier during the AMA, Polkally is a multichain protocol. It means that at some point, we will not only be compatible with Ethereum but also BSC, EOS, Tron, Polygon, Polkadot, etc. Users will be able to use the blockchain of their choice so scalability and GAS fee won’t be an issue.
Q4. Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Chloe : 2.5% of the KALLY used in the transactions will be removed from the project’s total supply. So if you’re exchanging an NFT for 100 KALLY, 2.5 KALLY will be destroyed, forever. That’s a very nice incentive which should push the price upward while making our token scarcer.
Q5. Tell us about your plans for 2021, what are you currently working on, and are you going to expand the list of big exchanges?
Chloe : Here are our current plan for the rest of the year: getting listed on Uniswap, on a first centralized exchange, ,start our staking & yield farming program, release our DAO, an MVP then the first version of our protocol
Now the session ends with lots of thanks to our Guest Speaker…
Here are some important links of Polkally