Recapitulation of PolkaFantasy PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 8th September, 2021
Time: 14:00 UTC
The PolkaFantasy PROJECT team was represented by @AlexPolkaFantasy who judiciously shared with us detailed knowledge and information about PolkaFantasy PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on POLKAFANTASY?
ANS: I am Alex, the CEO & founder of PolkaFantasy, the first-ever Japanese-themed NFT cross-chain marketplace & multiverse game in the world.
Our team is formed by members with strong blockchain, animation and game background. For instance, our strategic advisors is the ex COO of Square Enix US, the creator of the famous Final Fantasy series. And our Japan head is the former ex-CEO of SNK, the company behind The King of Fighters, Samurai Shodown, and Metal Slug. We are passionate about games, especially good games. And our new game advisor is a 3 times champion of online Yu-Gi-Oh. He is an expert in game.
With this strong formation in both blockchain, publishing & game industries, our team really look forward to bringing a new experience to NFT lovers in near future.
Q2: Can you introduce POLKAFANTASY, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: PolkaFantasy is a holistic ecosystem which includes 3 important parts.
1. Blockchain games
2. NFT Marketplace
3. NFT Wallet
It basically is built on cross-chain technology. And we will make in-game assets easily available on our marketplace and teleport them in our games seamlessly.
Our premise is simple: to build the project with best user experience. Just like what you expect from one of the countries with best hospitality in the world.
The problems we are seeing these days are:
1. Many marketplaces are built on Ethereum network which entails high gas fee. This is not cost-efficient to both creators and users.
2. NFT utilities are still confined to digital arts. It's fine in its own right but we believe NFTs can do much more beyond arts.
3. No NFT markeplace exists to serve the huge communities of Japanese ACG lovers.
4. There are many awesome crypto wallets, but none is built for NFT from scratch.
With the issues above in mind, we decided to built a cross-chain solution ultimately and leverage on the best part of various blockchains.
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: 2021 will be a busy year for our team. As we are building foundation to prepare for our full-fledged ecosystem in coming years.
We are happy to share that our NFT wallet is already complete. Our team is optimizing it and hopfully it will see the light very soon.
As for our marketplace, we will roll out the alpha version soon. In PolkaFantasy, we believe quality matters. Therefore we really want to take time to make it something truly enjoyable to use.
As for the NFT game, development is underway. We want to make sure everything is right because our team is pretty serious at delivering something players can enjoy. With our strong background in gaming industry, we believe it will be something so exciting to our community members! Who knows which big giant game studio we will partner with!
Here is our trailer 👆
Q4: There an event last month, NFT auction. How did it go?
ANS: The event concluded very successfully!
We are surprised by the overwhelming support. The auction ends with >4 millions dollars sales in NFT in just a few days.
And we are going to have a LAND sale in Oct. We hope community will love it and enjoy what we will bring to the gamers.
Q5: So we should expect the IDO to be huge as well 😎
When is the IDO coming up?
Here are some basic info that you want to know.
IDO Date: Sep 10, 9am UTC, this Friday
Public sale price: $0.05
Initial market cap: around $300K.
Fully diluted market cap on day one: 10 million dollars.
Public Sale: ChainBoost, TrustPad
We make this project because we want to benefit community in long run.
Our IDO price is only at $0.05 with very low market cap at 300K. This is a great oppotunity if you love blockchain game.
Remember, Axie Infinitiy price is around 0.12 back in Nov last year.
Q6: Can you briefly describe your PARTNERSHIPS so far?
ANS: So far we have annouced partnership with
- Immutable X
- NFTY LABS
- Roseon Finance
All of them are excellent projects and we look forward to bringing more value to users in our ecosystem.
One core principle that we always look for partnership is the synergy that maximizes the value for our users. Similar to 'Customer First' principle (efficiently implemented in Japan), our team at PolkaFantasy belives community is the driving force to project's success. Therefore, we are constantly looking for partnership that delights community. And we would love to hear community voice and suggestion about it too.
And with this partnerships, we want to build a momemtum and strong demand of our token. Our native token $XP will be IDO on Sep 10 on Uniswap soon! So we think it's a great chance for you to take part in this amazing journey with PolkaFantasy!
Q7: Can you give an overview of your Tokenomics, and the UTILITY of the $XP Tokens?
ANS: Our tokenomics is centric on community. We put a lot of % on ecosystem, development and marketing.
As for XP token, it is a true governance token. Some examples of its usage:
1. Vote your favorite artists to give them more exposure.
2. Get discount (sometimes big discount!) of NFTs with $XP
3. As a reward to platform users.
4.Use it as in-game currency.
5.As fuel to make some amazing things in the marketplace and games (we cannot disclose any further at this moment)
In fact, we have a lot of utilities of $XP up the sleeves. And this will create a huge demand for $XP in short/long term.
Imagine $XP is an ecosystem token. You can see that all ecosystem token will go up in long run. Like many centralized exchange token.
We look up to Axie Infinity (last Nov, their token was just about $0.12), and want to make huge success and rewards for our community. So, your support is important to us, and we believe we can be successful together.
What's the total supply of $XP? Any idea of the Circulating supply at launch?
200 millions, and there will be 6.1 millions on TGE from the private/public round.
2nd Segment: LIVE Questions
Q1: They have a powerful NFT market for Japanese ACG lovers never seen before, however their platform allows the flexibility for artists to develop the NFT they like, is PolkaFantasy a platform that considers that NFT can be more than just art?In your vision, how do you envision NFT?
ANS: Great question. We have a vision that NFT should not be confined to art. Therefore, we strive to enhance the user experience by providing more utilities in our NFTs. In this regards, we are working with a lot of creators to make NFT beyond digital arts.
Besides, we are a whole ecosystem with blockchain games. This give us more flexibility to design NFTs with addtiional utilities. Stay tuned for our upcoming news.
Q2: In many NFT projects, there's been some spark about loot-boxes. Similarly, Polkafantasy proposes to imbibe sales of Loot-boxes by October this year. If I may ask, what's so special about loot-boxes in general? Also, what will be unique about Polkafantasy's loot-boxes?
ANS: Though we cannot disclose too much at this moment, but our lootboxes system is formed by many exciting and innovative elements that you may not see in other projects.
User experience and play-ability is important in our ecosystem. Therefore, with a game designed by a team with strong traditional gaming background, we believe we can bring some new elements from non-crypto world and combine it seamlessly with the blockchain mindsets. This enables us to be innovative.
We will announce this exciting system very soon!
Q3: we will appreciate if you answer
What is your advantage over other projects? Is it from a security point of view or the technology you are using? Or are there other advantages? What makes you believe that your project is worth choosing?
ANS: I think we are one of the most rare teams in blockchain industry that have so many top game persons from top game companies. They include people from Square Enix, SNK, Bandai, and even one advisor who we can only announce later but his work must be known by many of you.
This enable us to develop GameFi and Play-to-earn from a very unique perspective. First, we build on cross-chain technology; second, we are also a whole ecosystem which has many self-sustaining elements with good revenue!
PolkaFantasy will become a game that you never seen before, and our team is quite confident it's a Ultra Rare edition of blockchain game that you will love!
Q4: In your official auction, you attended to just the first 100 bids on block 13080884. What form of compensation was given to those transactions before 13080884 and what happened to those transactions who were outside the first 100 bids on block 13080884?
ANS: Great question and I believe you must pay much attention to the auction.
We have announced that we stiil take block 13080883 as valid first bidders in addition to the first 100 bids on block 13080884. So people are getting great rewards. And for bidders who bid before the auction starts, we made exception that their bids are still counted instead of being void (according to the rule). Hope this exception will make people happy and enjoy the world of PolkaFantasy.
Q5: So can I ask, why #PolkaFantasy is a Japanese ACG Culture inspired Project? Can you tell us the origin and how this project was created? Also, who are the motivated and enthusiastic people behind the creation of this awesome project #PolkaFantasy?
ANS: I have been fascinated by the idea of NFTs since its concept is formulated. When the NFT space getting more mature, I am surprised to find an intriguing phenomenon.
I think most of you have once time in your life enjoyed a Japanese animation, comic, or game. But when we look around the crypto space, we will be surprised to find that most of the NFT marketplace only focus on crypto & western arts.
Despite there are fun fan communities for Japanese ACG (animation, comic. game) culture globally, marketplace serving this sector is obviously missing.
This inspires the whole concept of PolkaFantasy -- the first-ever Japanese-themed NFT cross-chain marketplace & multiverse game.
With a strong connection to Japanese culture (I speak fluent Japanese 😊), I really want bridge my passion and blockchain knowledge, and bring a unique project to communities that share the same passion.
Q6: The gap between traditional gamers and blockchain gamers is still huge. How can your platform bridge this to attract more traditional themed players to try new blockchain-based games? What are your plans to extend your project adoption to project-traditional gamers?
ANS: As mentioned previously, we are going into ACG culture with blockchain elements. or you can say we are bringing ACG culture to the blockchain space. Either way, we are the first mover who try to merge both worlds. It's a grand marketing scheme in both non-crypto and crypto spaces. If it's done right, community will be able to enjoy the amazing value/utltiies that both worlds bring together. This is a value proposition that makes our project strong and impactful in long run. We believe this grand vision. and we truly believe smart community members like you will see it too.
In short, our marketing strategy is to focus on building amazing products that community love! Only by doing this, we believe our good reputation will spread among communities. We promise to build PolkaFantasy with tangible result. And we believe this will be the best marketing that we can do.
Follow Us On Our Various Social Media Communities For More Update;
Our IDO is coming on Sep 10. If you want to know more our upcoming events and campaigns. Please join our social media as below:
Telegram (ENG): https://t.me/PolkaFantasyEN
Telegram (VN): https://t.me/PolkaFantasyVN
FOLLOW AMA LOVERS CLUB ON:
Telegram Group: https://t.me/amaloversclub
Telegram Channel: https://t.me/amaloversclub_channel