Recapitulation of CryptoPunt PROJECT AMA event held at AMA LOVERS CLUB.
Date: Tuesday, 5th October, 2021
Time: 11:00 AM UTC
The CryptoPunt PROJECT team was represented by @AlexToMiles who judiciously shared with us detailed knowledge and information about CryptoPunt PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on CryptoPunt?
ANS: CryptoPunt is a decentralized gaming and gambling platform where users can play various games safely with crypto payment. CryptoPunt is a fully decentralised platform that ensures funds are kept safe by the blockchain network. It takes one minute to go from access to table. Payouts can be straight into wallets, so you can gamble safely, quickly and directly - no KYC required.
We aim to offer something different to the market - from user interface to security.
Our team is mixed with experts from different areas - blockchain technology, cryptocurrency, design and marketing. CryptoPunt also has a team of outstanding advisors who are deeply familiar with the cryptocurrency industry and are aware of what it takes to build a successful cryptocurrency Dapp.
Q2: Can you introduce CryptoPunt, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: Generally, the pain points are about ease of use and security. Online gambling and gaming has negative stigma about transparency and user interface. Not many gaming and gambling platforms are fully decentralized and CryptoPunt offers just that. We offer a single step signup, visitors are connected with the preferred ETH wallet (My Ether Wallet, Meta Mask, Coinbase Wallet). Purchase PUN Token and PLAY! CryptoPunt offers Provably fair gambling, which is a process whereby a player can verify that the outcomes of games have been fair in real time. It’s muuch better than Squid Game! If anyone watches the show, you’d know what I mean. 😉
So we cover both gaming and gambling. We will progress to launch our own suite of games that will keep users coming back and play more 🚀
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: We are so excited to share that the platform is 99% ready to launch. CryptoPunt’s full launch and IDO is 18 October. We are launching with TWO games, Jackpot and CoinFlip on mainnet, along with staking and farming programs. Everything is mobile friendly. Go follow us on our channel. https://t.me/CryptoPunt We will have airdrop campaign very soon.
Well, then let me add also that we don’t focus only on IDO. We will launch more games after the launch. In the future, we also plan to have rewards and loyalty program, and so many more.
Where will the IDO take Place?
Polkabridge and will announce more very shortly, it is going to be big 🙂
Q4: Can you briefly describe your PARTNERSHIPS so far?
ANS: Sure, we are blessed to be backed by great partners, investors and advisors, such as Kvestor from VYSYN or Blackdragon, DCI and so many more than I could list here. Also, we’ve been backed by Polygon and they are a huge support in terms of solutions. We enjoy working together with these peeps very much! Shout out to the teams!
Also, we just started collaborating with Chainlink as we are using their Oracle solutions.
Q5: Finally, Can you give an overview of the Tokenomics, and UTILITY of CryptoPunt token?
ANS: PUN total supply will be 160M tokens, of which 50M are distributed vested and comes from the Sale Rounds. A significative piece of cake (40M tokens) will be used for Operational Reserves, and 20M will be distributed as Incentives.
The $PUN token will serve the entire CryptoPunt ecosystem. It will be the utility token of the platform. One of the feature it will power is the loyalty / referral passive income program, as an example.
2nd Segment: LIVE Questions
Q1: I read from Ama earlier you said the other main advantage of crypto punt is "convenience and security" . And we can know that together Transparency & security is important. Can you tell us some details about crypto punt transparency & security mechanism. Have you completed an audit by a third party?
ANS: Yes, we have! I'm pleased to share that we have verified our code and tested it for security vulnerabilities. We smoothly passed auditing and will keep doing internal and external security audit. Security is our priority! 💪
Q2: For now, there are only three games. So do you plan to add more games in the future? If yes can you name them?
ANS: For now there are only two, Blackack will be launched soon after. WE will launch exclusive games on our platform besides these games from casino. For example Robot Miner game that is going to be super fun, you will need to fix the robot space-craft in order to ho home!
Q3: I understand that the Cryptopunt platform is made for decentralized gambling. Does it necessarily mean that I need to have a knowledge of casino or be a casino player before I can invest in Cryptopunt? If yes, can you please explain the kind of products or services that you intend to offer users like me who does not have a knowledge/interest in gambling?
ANS: That is exactly something we already had in mind, we have guide book available and also other non-gambling games to offer on our platform fit for casino virgins.
Q4: Crypto Punt based on Ethereum Blockchain. We can link the game with any Ethereum wallet like MetaMask, MyEtherWallet, and Coinbase Wallet. But Ethereum Blockchain cost high gas fee also took lot's of time for transaction. Most of all user ignore lot's of things for high gas fees. So why Crypto Punt choose Ethereum Blockchain? Why didn't choose BSC or any other Blockchain which are better than Ethereum Blockchain?
ANS: Good question. That was very original plan months ago, but we pivoted and partnered with Polygon (MATIC), Ethereum layer-2 scaling solution Polygon. Through this partnership, Polygon will provide the infrastructure necessary and reduced gas fees.
Q5: The algorithm behind a lot of gambling games are not transparent, so true fairness has been far-fetched in several gambling games. How will Cryptopunt guarantee fairness to players within the app? Also, what are the extra edges given to PUN token holders in the gambling games? Do you mind if I do a review on the Cryptopunt app on twitter?
ANS: This is exactly where blockckchain and hash provably fair comes to place. Every single bet will be on chain, there is literally nothing that could be more transparent at this stage 🙂 Sure, will be happy with such review, drop me a mesasge when done 🙏
Q6: Personally speaking, I think Gaming Decentralized apps are just beginning to gain more adoption/attention while the Gambling ones are still having less adoption. Why did you decide to focus on the Gambling part of games? What trends did you see coming that made you to decide on this path? And when do you think is the best opportunity for you to launch the Cryptopunt project?
ANS: WE did the research in the beginning of the year of crypto gaming space. You might see that is booming now, but actually it is just getting traction, there are many ways to partiocipate in the space. We believe that combination of the gaming and gambling will attract both user groups including those that are new to crypto-gaming or gambling.
Done with queries, thanks a lot. Let me show a small teaser, this is the new feature we have completed, that is chat and mailbox.
Follow Us On Our Various Social Media Communities For More Update;
Thanks very much for having me today, I really enjoyed this AMA. Remember it’s an exciting time ahead. Be sure to follow us on https://t.me/CryptoPunt for insiders updates. See you there!
CryptoPunt News Channel
CryptoPunt “PUN” Token Economics and LitePaper
FOLLOW AMA LOVERS CLUB ON:
Telegram Group: https://t.me/amaloversclub
Telegram Channel: https://t.me/amaloversclub_channel