Recapitulation of Gamesta PROJECT AMA event held at AMA LOVERS CLUB.
Date: Friday, 17th December, 2021
Time: 14:00 UTC
The Gamesta PROJECT team was represented by @Spencertarring who judiciously shared with us detailed knowledge and information about Gamesta PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on Gamesta?
ANS: Hi everyone! I’m Spencer Tarring, CEO and Founder of GAMESTA. I have over 20 years experience in start-ups before becoming an early investor in Crypto, discovering play to earn, game-fi and here we are.
We have a truly inspiring team currently spanning the globe but we are rapidly building a core team in Bali. Our AI developer and CTO are currently re-locating to join us in the head office which includes the marketing department and design teams as well as myself, our COO, head of gaming and the academy team. Its expanding fast! You can check the core team out on the website, http://gamsta.ai
Q2: Can you introduce Gamesta, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: Essentially we are a crypto gaming fund lending assets, experience and expertise on maximising yields on said digital assets and will also provide training, management and support to chosen talent from developing countries, assisting entry to platforms that would otherwise be financially out of reach.
Our main point of difference will be our proprietary inhouse A.I. & Machine Learning technology. We are developing an A.I. & ML based algorithm to assist in asset acquisition decisions that will increase the efficiency of our treasury and significantly reduce the risks of human error.
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: We have been extremely blessed with a fantastic level of support to date, closing the private round at close to $7million. That was of course a great achivement which means we are now working on the AI development, further NFT acquisition and growing the guild.
You can find the full roadmap plus all the other juicy details on out whitepaper https://docs.google.com/document/d/1moW2RF2AXPORPa2ecmwKxFC10Ant16LqqfAIB2ImFIc/edit
Q4: Can you briefly describe your PARTNERSHIPS so far?
ANS: All our partnerships have been an asset to GAMESTA and there is a full list on the website but Polygon have been a pleasure to work with and we look forward to listing on MEXC on 21st!
Q5: Now, let's talk about the governance token,
Can you give an overview of the Tokenomics and Utility of $GSG tokens?
ANS: The $GSG token will be used to transact value within the Gamesta Ecosystem. With the raise funds, Gamesta will allocate capital into in-game assets and begin development work on the infrastructure of the ecosystem.
$GSG will enable holders to be rewarded, players to be incentivized, and the treasury funded, via our unique smart contract system of buying back the token with yields generated.
All private investors are on a staggered vesting schedule whereby only a small percentage of tokens are released each month. Again, full tokenomics are clear on the website.
2nd Segment: LIVE Questions
Q1: Hello sir..
💢We know lot of peoples get huge loss because of bitcoin bearish.They are looking for successful projects for investing with small funds..
So can you recommend your project for small investors and do you accept them?
ANS: I'll start with this one as yes, its looking tough out there atm. We are actually running a Token Launch Auction right now on CopperLaunch which allows anyone to take part and gives the opportunity to get into GAMESTA early. We thought about delaying the launch, due to the market condition, but to be honest we are in a good situation and decided to proceed. This is an extraordinary opportunity to get into GAMESTA at a great price. There are also some pretty special rewards for some lucky contributors. check it out here. https://contest.gamesta.ai
Q2: MACHINE LEARNING PLAYER PROMOTION ? What is this ?
ARE YOU GIVING A REAL TESLA CAR or an NFT ? What do I have to do to win the Car ? Can you provide details of the contest ?
ANS: Haha there are alot of questions about the Tesla but @jigizaw has doubled up. The machine learning, amongst other things, will help us streamline all scholarship systems from registration to payments, rewards, training and the aquisition of assets.
And yes we are giving a tesla to one lucky winner. Anyone who contributes $250 or more goes into the draw. There are also VIP GAMEX cards for the top 30 and 10 more in the lucky draw.
finally as we noticed some seriously high gas fees we will be refunding those with GSG tokens to anyone contributing (again over $250)
Q3: I could see on your page that you have a feature called (VIP Gamesta) but what are the main benefits for an investor to be a VIP Gamesta? What kind of requirements are needed to be able to obtain this? What role do the VIP Gamesta play within the project?
ANS: Yes we do! We do have a VIP system in the form of our LTD Edition GAMESTA GAMEX Cards. Alongside ownership and staking of $GSG, VIPs will be entitled to a range of benefits, including increased voting weight in The DAO, access to ‘inside information’, uplift in staking rewards just to mention a few. Check out more on the website. Again there are 40 up for grabs for people contributing in the TLA.
Q4: I've seen teams dumping on investors once the token is listed. How do Gamesta assure it investors that such thing won't happen? What are some of the level of commitment shown by the team towards the project? Are all the team token locked or what's the vesting schedule like?
ANS: yes, this sadly is far too common. We are in this for the long run and our intention is to grow GAMESTA to the benefit of all its users from contributors, players and community. We intend to expand our services to incubation, which we already have some great projects lined up. Check out rendezverse.com and another that we cant disclose as yet. (thing 90's arcades) But back to your question all private investors are vested with just little distributed each month. The team are vested for longer!
Q5: What will be the attraction for mass adoption of the metaverse concept? Do you feel that this is mainly a crypto attraction or do you see mainstream flocking towards it?
ANS: This is the question that makes GAMESTA a solid bet. Gaming is the biggest industry in the world, eclipsing music and movies by almost double and currently only 1% of gamers are playing “play 2 earn” based games. We envisage an exponential growth in this number as the underlying mechanics of the model grossly out perform anything from the traditional “pay 2 play” model.
We truly believe that play to earn is the future and a smart investment. Its worth a very close look!
Thanks everyone for joinging tonight. We'd love to see you in our telegram group where myself and the team would be more than happy to answr any more questions. https://t.me/gamestaguild.
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