Recapitulation of Quoth PROJECT AMA event held at AMA LOVERS CLUB.

5 min readFeb 21, 2022

Recapitulation of Quoth PROJECT AMA event held at AMA LOVERS CLUB.

Venue: https://t.me/amaloversclub
Date: Monday, 7th January, 2022
Time: 14:00 UTC

The Quoth PROJECT team was represented by @Chrisnft who judiciously shared with us detailed knowledge and information about Quoth PROJECT.

1st Segment: INTRODUCTION

✨✨QUESTION1: Can you please introduce yourself and your background, also introduce the team working on Quoth?

👉ANS: Hi everyone, I’m Chirs Boundikas CEO and co-founder of Quoth.
I’ve been in crypto since basically the first month, I saw bitcoin under a $1, so I have been in the space for a long time. I’ve been thinking of NFTs since 2017, so even before the term NFT came around… I used to call them “digital assets”. Since then I’ve been working on developing a protocol that brings NFTs to the next level by offering authentication, proof of originality, and as well incorporating real world assets such as documents, contracts and so on. For the last year my partners and I have joined forces and put together a fantastic team, and we are more than proud to bring Quoth to you in the next months.
We are a cloud team, our members are in the Caribbean, Argentina, Canada and some European countries.
We have our CTO Alex Dolgov leading the dev team, which is made out of 8 AI developers, 4 of them with PhDs, and another 7 solidity and full stack developers. Besides that, we have strong profiles in the fields of Marketing, Design and Business Development, and all of them with a strong background in the crypto space.

✨✨Is the team doxxed?
Hybrid, all the C level Management is, but we have some advisors that are twitter doxxed
Any link to access more information about the team?

https://quoth.ai/team/

✨✨QUESTION2: Can you introduce Quoth, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?

👉ANS: Quoth is an Artificial Intelligence NFT indexing protocol, API, and on-chain oracle B2B service. Anyone can use the Quoth APP to search for, authenticate, and bridge any NFT. Protocols, NFT marketplaces, and other projects can use the Quoth API and oracle services for data and originality authentication of any NFT in existence.

Platforms like OS have been facing a lot of heat when it comes to issues of minting spam or stolen works. Quoth’s services will have the potential to be integrated into marketplaces, giving the chance to take that extra step to authenticate the collections that are being created and advertised, therefore decreasing speculation and fraud. All platforms, OpenSea and beyond, will be able to plug into our API or SDK, allowing its users to verify the originality of the NFTs they are buying.

Interesting, so users can check for authenticity of NFT on Quoth before jumping on it🤔

Yes, like a tool bar extension like metamask, nice and easy

So how much can we rely on the judgement of Quoth as regards the authenticity of an NFT project ?

Well we are indexing every NFT in existence. We are taking all data AND we have tech that does graphical pixel comparison. You will actually be able to upload a jpeg and see if its in our database as an original nft. So after we get the FULL index, this will be possible

Our AI and ML will help speed this up

✨✨QUESTION3: Any plans for expansion? What can you tell us about what’s to come in 2022 for Quoth?

👉ANS: Our biggest goal is to index all NFTs from all chains, at the moment we have indexed about 80% of ETH NFTs. The next big thing is our live listing, which will launch on February 23rd on Pancakeswap DEX at 2pm UTC. After that we have the MVP (Minimum Viable Product) launch, which is planned to take place in March, followed by marketplaces integrations.

✨✨QUESTION4: Can you briefly describe your PARTNERSHIPS and BACKERS so far?

👉ANS: We have an extensive and amazing list of partners, among them:
KuCoin Labs, Oxbull, Red Kite, Ledgerlink Labs, Shima Capital, Panda Capital, Gordian Agency, BiShares, AU21 Capital, Krypital Group, ARKN Ventures, Kairon Labs, Exnetwork Capital, FollowTheSeed, NGC Ventures, IBC, MEXC Global, Mogul Productions, HG Ventures, OIG Capital
We also are in the process of partnering with NFT collections… we have onboard SupDucks, FANTUMS, Untamed Elephants, and more. For the NFT collections, one of the benefits of being an early partner would translate into free cross-marketing. Their community (community of the NFT collection) will be able to train Quoth's AI when searching for their collection and get QUOTH tokens airdropped as a reward.

✨✨QUESTION5: Finally, let's talk about $QUOTH as the launch is around the corner
Can you give an overview of the Tokenomics and Utility of $QUOTH tokens?

👉ANS: QUOTH is the native token of the protocol that's used to support the network of API nodes. It rewards users for neural net training, bridging, and authentication.

Among the token use cases we have:
Supply:
* User rewards for rewards for neural net training and IA results feedback
* Rewards for running on-chain oracles used to serve API endpoints
* Rewards for bridge staking
Demand:
* Payments for access to API’s across chains (Chainlink & TheGraph model)
* Bridging fees
* Staking to secure the bridge.

2nd Segment: LIVE Questions

✨✨QUESTION1: As I can see you are working on Cross Chain technology, Currently how many Chains are supported on your platform?
In future are you planning to add more Blockchain?

https://twitter.com/Murthy_raj1/status/1495772081467887625?t=S9MNncm1mfdfGO1lHW0-SA&s=19

👉ANS: WE are EVM compatible, within a month we will be cross chain, agnostic.

✨✨QUESTION2: I learnt one can earn $QUOTH tokens by helping the platfroms to train its AI – just like Google’s captcha but with NFTs. What does this entail and how can I enroll as a trainer
What are the similarities between Quoth and Google ?

https://twitter.com/wuraolaayoni/status/1495779516316278785?s=21

👉ANS: Yes, our ML will be spun up with beta testing our NFT collection partners like supducks. The community will help make the search function that much better, in return rewarded in Quoth tokens.

✨✨QUESTION3: This Project looks a bit unique,
Many new users would not suddenly believe in this project,
How would You get their attention?
&
How will You try to create an awareness about this project in global market?

https://twitter.com/Dino9168/status/1495775345068638210?t=bnprqch7mEqPMoYwf_k0cg&s=19

👉ANS: WE are partnering with everyone in the NFT space. We ae also building Chinese and Korean TG community too. Our KOLs are from all over the world.

✨✨QUESTION4: Many traditional tech giants are joining metaverse, how big do you see Metaverse in next 2 years and what role Quoth will play in that?

https://twitter.com/Antonio_2875/status/1495777642410577923?t=s6vcD4M6FX4gCRux4F8FOg&s=19

👉ANS: We will be authenticating the entire metaverse. WE will be the only ones with proprietary data sets and AI that can do this.

👉Follow Us On Our Various Social Media Communities For More Update👇👇👇