Recapitulation of NanoByte PROJECT AMA event held at AMA LOVERS CLUB.
Date: Saturday, 19th February, 2022
Time: 14:00 UTC
The NanoByte PROJECT team was represented by @Arizola who judiciously shared with us detailed knowledge and information about NanoByte PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1: Can you please introduce yourself and your background, also introduce the team working on NanoByte?
👉ANS: Yes, my name is Genta and I’m the Community Lead of NanoByte. I have been trading for the past 3 years, and working for crypto companies for 2 years
The team of NBT are mostly crypto enthusiasts, the likes of NFT collectors, investors, and blockchainers.
✨✨Thank you, any link to access more information about the team?
You can take a look at the team here: https://www.instagram.com/p/CUku2VpPwDP/?utm_medium=copy_link
✨✨QUESTION2: Can you introduce NanoByte, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
👉ANS: Crypto has very little use case outside the crypto world. Even for big projects like Ethereum, it is now very used heavily in the world of NFT which is currently booming. It is all still happening in the crypto sphere.
Therefore crypto is only utilized by crypto people, most users cannot do beyond that. Therefore, we offer a competitive advantage in the form of support from various big players in the non-crypto world for real life use cases.
It is a very possible thing for our ecosystem as we have established various collaborations behind the scenes and are launching as soon as possible.
Many other players might also be in the process of achieving this but it takes time for them to really secure such ecosystem, and in the crypto world it is all about timing; just how focused we are to be fast or ahead in deciding or riding the trends.
In a really fast paced development of the crypto world where everyone is trying to push each other to show different growth within the movement, we move with the idea that we are growing within. We don’t try to be different or distinctive, but we try along the way to improve what’s lacking from the crypto world together for mutual benefit.
✨✨QUESTION3: Any plans for expansion? What can you tell us about what’s to come in 2022 for NanoByte?
👉ANS: In terms of the hey features however, we believe that use case is our strongest suit. It is very clearly stated in the litepaper about who is working with us as our ecosystem, instead of putting down a lot of big ideas.
We will do things that are executable with our partners in its designed timeline. The first use case, our investment bridge, will be launched very soon. That will enable us to connect the crypto world with other investment assets.
We are launching very soon and of course will roll out our use cases one by one along the way
The closest one would be being a utility token for Nanovest, our investment app.
✨✨QUESTION4: Nanovest, can you briefly tell us about the app?
👉ANS: Oh it’s a different project altogether. It is an investment super app for users in Indonesia to buy 2000+ US stocks
And 120+ crypto assets
Later on NBT will be able to be used for increased privileges and benefits for the app.
✨✨QUESTION5: Can you briefly describe your PARTNERSHIPS and BACKERS so far?
👉ANS: It is heavily supported by Sinarmas, one of the biggest conglomerate businesses in Indonesia, but it is an independent company.
They enabled us to play around to use their different ventures across industries to push for innovation in the crypto world. However, they are not controlling the project, they are supporting NBT, the way Tokocrypto is also not a part of the company but we work closely with them.
Tokocrypto is also one of the biggest crypto exchanges in Indonesia. With prominent names investing in it.
For the rest of the partners you can check here
✨✨QUESTION6: Before we proceed to the community live segment, let's quickly talk about the governance token, $NBT!
Can you give an overview of the Tokenomics and Utility of $NBT tokens?
Here’s our latest Tokenomics as shown from our IDO tutorial page with KrystalGO
We will update the whitepaper soon
For the utility:
You can check here:
There are 5 main utilities that we are developing and deploying very soon.
2nd Segment: LIVE Questions
✨✨QUESTION1: Being "nano" does that mean the smallest and simplest aspect of your project matters alot ?which aspect is most important community members,investors or token Price?
👉ANS: Nano indeed represents a very small unit 1/1.000.000 which translates into NBT’s vision to let everyone start something bigger with small steps or small bits.
The word nano is very vibrant and catchy especially for Indonesian people whose childhood are familiar with a candy called nano ano. It sounded fun, and sparks a happy part of our mind.
The name itself didn’t come from the team, but from close friends and people who supported the project. We chose the name because it embodies the spirit that we want to convey; we want the crowd of our community to help us grow.
Be it from their ideas, their voices, and their inputs. We basically did it from the name itself as it did not come from us but from the crowd.
✨✨QUESTION2: As I see your project is mainly targeting the financial sector and For this good Backers and Partners will be needed, Can you tell something about them?
👉ANS: Since we are again trying to make crypto reachable and doable in real life, finance is the thing closest to us. We pay things, we get paid, all in daily basis.
But the integration of crypto and payment is still difficult due to regulatory constraints and that’s where our tech team tap into making a way it is possibly done but still adhering to the rules
But of course we will develop more more use cases for other partners such as membership perks, bonuses, incentives, anything that benefits the community.
✨✨QUESTION3: As NanoByte is going to provide crypto bridge "Credit Card" to users, So have you Partnered with any Bank for this?
Please tell about it in brief?
👉ANS: Yes we are partnering with Sinarmas Bank for the tech and regulatory side. It is well under the timeline to be deployed!
✨✨QUESTION4: As important as the community is, some projects don't take them serious. What is your view on your community members and how will you incorporate them into project? Also, what are the plans in place to broaden your reach to community outside Indonesia?
👉ANS: As the community lead of NBT, I like this question a lot
One day I received a question on an AMA to choose between Community, investor, market, or exchange
I said number one is definitely community. Now we have 2 million registered users on Nanovest and 80K telegram group members, and that is not something that everyone can just copy in 2 months,
We hope all of #NanoByteSquad will support us not only until the initial launch but throughout the whole journey. We do that by making sure all of our roadmap is done by the time design.
If you see our tokenomics, you will notice that 53% goes to the community, that is more than half of the whole token supply.
✨✨QUESTION5: in the near future will there be promotions abroad? What we know is that Indonesians prefer to see foreigners who invest a lot in nanobyte tokens and what will be done to keep the community from abr oad solid?
👉ANS: Definitely. The very fact that we initiated the project community with a global group where everyone from all over the world can participate speaks about our vision to bring NBT towards a wider market.
From the investor perspective, we are already doing it by targeting the airdrop program for the international investor and community member. In terms of product development, however, it might take us quite some time to realize the adequate amount of real use cases the way we’re doing it in the Indonesian local market.
After that we will definitely scale up and launch everywhere with other dedicated use cases. We just don’t want any regulation issues as in many cases, regulation can be the biggest cause of lag for innovation from happening in the crypto world.
We also will launch a global ambassador programme soon! Where you all can take part Regardless your nationality! Stay tuned to all social media of @nanobyte.io
Also we’re having our launching event soon! Its on 22.2.22 which u can register here: bit.ly/nanoversesummit2022 for free. 30 speakers will be featured!
Many prizes with the likes of ipad, thousands of USDT will also be given for participants.
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