Recapitulation of Faith Tribe PROJECT AMA event held at AMA LOVERS CLUB.
Venue: https://t.me/amaloversclub
Date: Thursday, 17th January, 2022
Time: 12:00 Noon UTC
The Faith Tribe PROJECT team was represented by @Elishapatel who judiciously shared with us detailed knowledge and information about Faith Tribe PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1: Can you please introduce yourself and your background, also introduce the team working on Faith Tribe?
👉ANS: Hey everyone! I’m Elisha and I’m the Project Manager of Faith Tribe. My background is in PR and Marketing as I currently work at Luna PR.
The team behind Faith Tribe consists of Wahid Chammas and Maria Buccellati, who are the Founders of Faith Tribe, Tarek Hourie (Head of Marketing), Simon Abboud (Digital Assets & NFT Strategy), Gordon Mattey from Define Labs, who is implementing our Tech Infrastructure and Ecosystem. Finally we have a number of advisors on board such as Mario Nawful (CEO, NFT Technologies), Conner Chevaillier (CEO, Date Syndicate) and Brock Pierce (Futurist, Philanthropist, Economist, Creator).
✨✨QUESTION2: Can you introduce Faith Tribe, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
👉ANS: Faith Tribe is an open-source platform for the creation, design, minting, customisation and distribution of digital and physical fashion items. Faith Tribe’s mission is to empower, reward & unlock new opportunities for every creative voice. We believe a global pool of talented creators are still facing so many challenges to stand out, due to fierce competition, lack of resources and headwinds in business environments. Faith Tribe’s aim is to eliminate these barriers and wishes to disrupt the future of fashion through this powerful hub of open creativity. The project was launched by the famous luxury fashion brand, Faith Connexion, and is built with the latest blockchain, Web3 and NFT Technologies. In addition, we are launching a $FTRB token that will stand as a unified currency for the community and various components of the ecosystem.
Faith Connexion is a 21 year old company, so we have been in the business of fashion for a very long time, hence we see no better time to enter blockchain and really scale up open source fashion! We have pioneered open source fashion as we are very inclusive, unlike other big high end brands, which promote themselves as being exclusive. We allow designers and collaborators from all walks of life to be able to contribute to our design, our fashion, and individualised different items. We are allowing designers to come onto our platform and give them the tools to design clothing, followed by our ability to mint their NFTs, physically and digitally. We will then manufacture the item, and then market their product and sell it on our e-commerce marketplaces and also on the Metaverse/in-gaming.
✨✨QUESTION3: Any plans for expansion? What can you tell us about what’s to come in 2022 for Faith Tribe?
👉ANS: Of course! Most importantly, we have our IDO! $FTRB trading starts 24th Feb.🚀 We’ll soon be releasing a PR outlining the phenomenal recent developments involving the onboarding of top-tier centralised exchanges for a sequence of IEOs, as well as fantastic launchpad partners for our DEX offering. We are also looking forward to announcing our roster of over a dozen market -leading VC and private equity backers.
Check out this tweet to see a short video about our launch - https://twitter.com/RealFaithTribe/status/1492139548649738241
We are then going to enter the world of fashion. We will hopefully be involved in the Miss Universe in Puerto Rico, Ms Mundo, followed by Paris Fashion Week, and Meta Paris Fashion Week and various conferences all over the world, including Paris and Dubai. Finally, we’re going to be doing a huge roadshow for all the universities and fashion institutes around the world in order to onboard some of the greatest designer minds into our ecosystem. So there’s a lot to look forward to!
✨✨QUESTION4: Can you briefly describe your PARTNERSHIPS and BACKERS so far?
👉ANS: Sure! So of course, our brand partner is Faith Connexion, but we also have a number of partner funds; Tyregate Capital, NFT Tech, TLF Ventures and The Luxury Fund. Our Technology Partners include Define Labs, as previously mentioned, and also DressX, Platform and Legitmate. Our backers include a Private Equity Firm and major blockchain VC’s 🔥
✨✨Any link access more information on the partners?
Here is Faith Connexion's link - https://faithconnexion.com/
✨✨QUESTION5: Can you give an overview of the Tokenomics and Utility of $FTRB tokens?
👉ANS: In terms of tokenomics, 75% of all the tokens in circulation over the next 10 years is going back to the community. It’s going to designers, artists, influencers, bloggers. It’s going to people who are going to be part of the community doing the whole governance structure, of voting of which products are the most worthy in terms of us wanting to promote. It will go into our e-commerce marketplace that will be truly unique for Faith Tribers. So holders of $FTRB will have the right to participate in product strategy and leadership decisions. The bigger purpose of FTRB is to reward every active creative voice participating in our community, by allowing them to mint, join our NFT Marketplace to sell their work and earn royalties. $FTRB will also allow staking to enable designers to borrow tokens for usage in the ecosystem. Finally, it’s going to give access to our own fashion shows, our own pop ups all over the world. Again, all about empowering the independent designer and the independent artist.
2nd Segment: LIVE Questions
✨✨QUESTION1: You Have Said that DESIGNER STUDIO Is the Core Product Experience For the
Community , Would You please tell me More about this Studio and What Various Work designers Can do Here ?
https://twitter.com/silica07295264/status/1494275267774222345?t=VLsRe3FJezPdcU7NcMfRbw&s=19
👉ANS: So Faith Tribe’s creative platform gives the everyday creative access to our digital Designer Studio. This is where our users can virtually design and customise whole garments, outfits and accessories, mint them as NFTs onto our Marketplace and even set their own prices and royalty fees. We allow designers to come onto our ecosystem. We give them all the tools to design clothing, followed by our ability to mint their NFTs and NFCs, both physically and digitally. Some bold independent designers say, ‘you know what, I kind of want my own brand.’ And then they’ll use all our tools to create their own brand.
✨✨QUESTION2: I read that Kanye West, Gigi Hadid and Rihanna are among the fans of your native brand Faith Connexion,
Do you plan to extend it more ? How will big influencers and celebrities help Faith Tribe to expand in its Field?
https://twitter.com/Alpaca_moeen/status/1494251843853385732?t=ZcqCsO0HnexBF78dpWS83A&s=19
👉ANS: Yes! They are just some of the A-List celebrities that have worn Faith Connexion. You can check out more big names here - https://faithtribe.io/faith-press/
We have an Ambassador Program which is really important to us as, ultimately, a global fashion brand would be nothing without its ambassadors, as well as collaborators. I am unable to disclose names at the moment but we are going to be announcing a massive global brand ambassador this year, and they have over 60 million followers on social media - so they are big!!
✨✨QUESTION3: You are planning to go through and IDO in this month,
Is there any official launch date for it ?
Can you give more details on this IDO?
https://twitter.com/MilexFan/status/1494252209777045507?t=FwgdU4gnEXrJv-LKG278MQ&s=19
👉ANS: Yes! Our IDO is finally here and our official launch date in 24th February - a week today!! We know the market isn't really in our favour at the moment but we have had so much demand that we actually don't see a better time! We are going to be staggering the exchanges that we are listed on, but they are all BIG so it's gonna be huge! We also have a really exciting competition that we are announcing very soon that will give you the chance to win an all expenses paid trip to Paris Fashion Week👀
✨✨QUESTION4: Where is your project audited, by what organization?
Who are your advisors, are they big names?
https://twitter.com/ThatLifeGiver/status/1494283893087870980?s=19
👉ANS: Our project has been audited by two firms; Certik and Amnesia. We understand the importance of a high respected audit so this is why we chose these two firms. We do everything to the highest standard, and after 21 years, we know that there are NO shortcuts! We are fully regulated and fully secure.
In terms of our advisors, these was briefly mentioned in my intro, but we have Brock Pierce on board, who actually announced our token back in December at the Art Basel in Miami! Brock is a huge entrepreneur and venture capitalist with an extensive track record of founding, advising and investing so we are so glad to have him on board. We also have Mario Nawfal, who is the CEO of NFTtech.com and has built multiple successful companies over 8 years. And lastly, we have Conner Chevaillier, who is the CEO of Data Syndicate, having been in blockchain and crypto for 8+ years!
✨✨QUESTION5: I read that Faith Tribe is an open-source platform for the creation, design, minting, customisation and distribution of digital and physical fashion items. What are the opportunities available for creators on Faith Tribe?
Will it be possible to swap your NFT for real life items in fashion store in the future? What are the future possibilities on your platform?
Mubashinho#5081
https://twitter.com/mubashinho/status/1494283568301973507?s=20&t=HTtvyigxyNE-IRXJexKapQ
👉ANS: This is a great question!
There are so many opportunities for creators on Faith Tribe. We are allowing designers and collaborators from all walks of like to be able to contribute to our design, our fashion, and individualised different items. You can actually use the coin to utilise our Design Studios.
We are bridging the physical world and the Metaverse. If someone actually creates a fashion design that has a digital imprint, this can go immediately onto the Metaverse, and we can also manufacture it and actually have the collectible be in physical form. As an independent designer, to be able to actually flaunt your clothing physically and in the Metaverse, that's the future! We are so proud to be an inclusive brand and not market ourselves as exclusive, like other luxury fashion brands.
Something else really cool that we will be doing, is actually pricing our Faith Connexion clothing in $FTRB. This mean you will be able to buy physical clothing with $FTRB! When you do buy clothing with $FTRB, we will then burn those tokens, creating a deflationary effect and this is beneficial to every single token holder!
✨✨QUESTION6: Lack of resources, intense competition and barriers in the business environment are some of the challenges faced by many talented content creators. Tell us how FaithTribe will be aiming to make these challenges a thing of the past for talented content creators?
https://twitter.com/KurangaHA/status/1494077886315307008?s=19
👉ANS: Faith Tribe is all FOR the people, BY the people. We are breaking barriers! The whole point of our design studio is that if people don't have the tools to execute the production of their designs, we will collaborate with them to help them do this! There are so many possibilities with Faith Tribe. We are probably THE leading brand in terms of percentage of revenue that comes from collaborations and independent designers. People also take our old clothing and remake it in a very sustainable way!
Designers ultimately have 2 options - they come to us and don't want to do it all alone, so want to work WITH our designers. We would then give them a % for their work. Or, you could want to have your own brand, which we will then allow you to use our tools to do so! Then, we will obviously have the majority share of royalties that come out of the sale and the monetisation of the product.
👉Follow Us On Our Various Social Media Communities For More Update👇👇👇
https://www.faithtribe.io/
https://twitter.com/RealFaithTribe
https://www.instagram.com/faithconnexion/
https://t.me/faithtribe/
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