Recapitulation of Elf Matrix PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 16th June, 2022
Time: 10:00 AM UTC
The Elf Matrix PROJECT team was represented by @Jimmy_ElfMatrix who judiciously shared with us detailed knowledge and information about Elf Matrix PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1🩸: Let's start with some introduction,
Can you briefly introduce yourself and the team behind ELF MATRIX ?
👉ANS: I’m Jimmy Wu, founder/CEO of Elf Matrix.I am involved in all key decisions from product to marketing and leads the company.
I have a mixed industry background of finance, game and blockchain, and used to be responsible for marketing and business operations in Southeast Asia and Latin America for large listed companies.
We’re a technology-focused game studio with a team consisting of thirty full-time employees,,and with its headquarter in Singapore.
The founding team members come from core communities of CryptoKitties & Axie Infinity, and all are blockchain enthusiasts.
We are committed to developing the best blockchain games and contributing to the GameFi revolution.
✨✨QUESTION2🩸: Please tell us about your project and share with us the motive in creating it?
👉ANS: Let's get to know about the Elf Matrix project 😎
Elf Matrix is a Play-to-Earn NFT Game which is being built on BSC&Polygon for nearly instant transaction with almost no fees. It will be playable in App form, launching on PC, Mac, Android, and eventually on IOS.All in-game items and creatures will be blockchain based tokens and NFTs.
Elf Matrix’s visuals and gameplay are inspired by classics like CryptoKitties and Pokemon.Players will be immersed in an ancient and mysterious alien planet called Matrix, where they can summon and collect cute elves, and battle with them to earn crypto rewards. Additionally, players can own NFT land plots in Matrix to build their own elven kingdom, where they can get rare resources and tokens.
- Motive in creating Elf Matrix
GameFi is a subversive revolution for traditional games, especially the concept of play-to-earn has gradually gained popularity.
At the same time, GameFi is also one of the entrances to the metaverse.
This industry has great prospects for development, which has been proved by the success of many P2E games.
So we decided to develop this project, which is a play-to-earn NFT game.
✨✨QUESTION3🩸: Can you tell us some of the latest achievements made by the your project? & describe the current development efforts.
👉ANS: - Latest achievements
1.Completed Closed Alpha Version of the game;
2.Established a community of more than 300k users on various socials;
3.Smart contract has been audited by CertiK;
4.Got a legal opinion on the token from a Singapore law firm;
5.Got some good investor, backer, advisor and partners.
6.Reported by several well-known blockchain medias as a representative project.
7.Has grown to a team of 30 full-time staff.
1.Going to launch our IDO on 12 launchpads from 14th to 17th June.
2.Listing our tokens on Pancakeswap on 21st June
3.In discussion with top10 CEX for potential listing
4.Preparing INO after public IDO
5.About to launch the closed Beta Version with PVP&PVE gameplay
✨✨QUESTION4🩸: 12 launchpad! That's incredible 😎
Do you think launching in the present market condition won't affect the project in any way?
👉ANS: More or less, but the most important is to bulild a game good enough.
✨✨QUESTION5🩸: Let's talk about the token,
What is the token metrics and ecosystem, please explain it to our community?
👉ANS: - Token Metrics
Ticker: Elf Matrix Token (EMT)
Total Token Supply: 300,000,000
Initial Market Cap: $217,000
Initial Circulation Supply:4,340,000
Total Diluted Market Cap:$15,000,000
Total IDO Raise: $1,200,000
IDO Price: $0.05
IDO Vesting Schedule: 10% at TGE, then linear vesting in 6 months
- Allocation for different Utilities:
Token Sale 17.33%
Play to Earn 18.33%
Staking & Rewards 23.33%
Development Treasury 9%
Liquidity (DEX & CEX) 6.67%
For more details, kindly check 👉https://whitepaper.elfmatrix.io/tokenomics
✨✨QUESTION6🩸: Can you tell us about the progress of business development and what are some of your partnerships?
👉ANS: -Business development
We got some good partnerships in the past few months.
Lavender Capital took part in our seed round fundraising.
Roseon World shared its network of communities, guilds and KOLs.
CertiK helped with the smart contract audit.
BitKeep listing our NFTs on their NFT Market in wallet.
Many other partners organized events with us and shared community resources.
And we’re now fully prepared for the upcoming IDO and listing.
- Major Partners
✨✨QUESTION7🩸: Before we round up the introduction segment, let me ask about the project roadmap,
Can you expand our knowledge about your Roadmap this year and the future and any updates on your Research and development progress ?
👉ANS: Here you can see our roadmap.
We’re in Q2 stage and at the point of $EMT token launch.
We just finished our Closed Alpha Version, and will have a closed beta version at the end of this month.
More functions will be delivered in Q3, and the full game will be Launched at the end of September.
We will further expand the breadth and depth of our product in Q4.
And I’d like to share you the one page overview ,to help you quickly have a better understanding of Elf Matrix.
2nd Segment: LIVE Questions
✨✨QUESTION1🩸: Tell us about the several ways in which the Elf Matrix project Sustain itself and grow. Or simply tell us about the revenue generation.
👉ANS: The project has several self Sustain & grow Ways, such as:
Marketplace Trading Fees
Elf Summoning Fees
Origin Elf NFT Sale
Matrix Land Plots Sale
E-sports event sponsorship
And we will build a development fund on this basis,so as to gradually promote Elf Matrix to become a DAO in the future.
The treasury will strengthen the project ecosystem through buying and burning tokens in the secondary markets for deflation purpose, and also:player rewards, in-game events and more.
Most successful crypto projects and protocols have generated their own funding, and we will do this through Development Treasury.
✨✨QUESTION2🩸: I think it is obvious that Elf Matrix is quite similar to Axie Infinity, but can you tell us what features does your game have that makes it stand out from them? Is it visually better? More accessible to enter? A more stable economy?
👉ANS: 1. More refined in terms of art quality.
2. Deflation mechanism from the very beginning to avoid the inflation problem that Axie is currently facing.
3. Besides, in the future, we also plan to turn the land gameplay into an open world sandbox game to expand the depth and breadth of the game.
✨✨QUESTION3🩸: Hey 😄🙋♂
I read Elf Matrix team initially launched six types of Elf Element, namely
I want to know which one is the strongest and rare?
👉ANS: What makes an Elf strong and rare is the purity of itself, not the type.
Each type of Elf can be very strong if it has high purity.
✨✨QUESTION4🩸: I saw that Elf Matrix has a staking feature. Can you explain in detail the staking introduced in Elf Matrix? Can we bet on NFT assets or other assets?
👉ANS: Yes, we have staking features, both for native token and NFTs.
You can get more tokens or other in-game currency as the rewards of staking native tokens, while get tokens or even new NFTs if stake NFTs.
✨✨QUESTION5🩸: I saw that $EMT sale is opened and will close by 12pm UTC today. Can anyone join this sale or it is for whitelisted users only? and How does ELF MATRIX intend to prevent Token dumping, most of the investors buy tokens then sell them all in the sale after the initial exchange listing. Can you give me some good reasons and benefits why should your token holder keep holding?
👉ANS: Some launchpads need WL or staking some amount of their tokens to join the sale, but still have some launchpads without restrictions.
As long as the tokens are not over supplied, and with plenty of liquidity in exchange, there will not have token dumping.
Marketing & development strategy for enhancing our token’s rankings and value:
1.Cooperate with well-known guilds and KOLs to strengthen marketing promotion；
2.Financial business cooperation with more well-known DeFi platforms in staking, yield farming, and liquidity mining, etc.
3.Carry out various cross-marketing events such as AMA, raffle and campaign with project partners, and share community resources with each other.
4.Increase the exposure of the project in well-known blockchain media.
5.Listing on more top exchanges.
👉Follow Us On Our Various Social Media Communities For More Update👇👇👇
And also thank you everyone, pls stay tuned to our upcoming IDO.
You will find all information you need through the link below, inculding all social links.
👉FOLLOW AMA LOVERS CLUB ON:
📌Telegram Group: https://t.me/amaloversclub
🌎📢Telegram Channel: https://t.me/amaloversclub_channel