Recapitulation of Royal Protocol PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 24th November, 2021
Time: 20:00 UTC
The Royal Protocol PROJECT team was represented by @RoyalCOO and @SunKitten9 who judiciously shared with us detailed knowledge and information about Royal Protocol PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourselves and your background, also introduce the team working on Royal Protocol?
ANS: I'm Richard, COO of Royal Protocol. I have a background in DevOps Engineering. I'm here with @SunKitten9 our Director of Marketing. We have a team of around 70 employees working at Royal currently.
Q2: Can you introduce Royal Protocol, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: Royal Protocol is a safe haven for game companies and NFT projects. Many useful tools and projects are being added for companies wanting to move to a better chain from Ethereum, BSC and others. These include:
* New and better NFT standards
* Unique NFT ecosystem
* A wallet based inventory system
* Built-in advanced security features
* Lower fees
* More decentralized node distribution.
Q3: Can you brief us about the ecosystem you are building? How does this ecosystem benefit users?
ANS: Sure thing. We are building Royal Protocol Chain, the chain of chains. An ecosystem around NFTs and their portability with all of blockchain, not just in Royal itself. An ecosystem where NFTs can find a safe haven and game assets are freely used amongst all games.
Through this and a few other unique innovations we haven't announced yet, including our own NFT standard, we firmly believe we are building the chain of the future as people watch chains like Ethereum struggle.
Q4: Can you give a good example of where Royal Protocol is innovating currently?
ANS: We have a lot of upcoming innovations, most aren't public yet.
One of our flagship, patent pending, products being launched over the next few months is Royal Arcade Rewind, an awesome new place where people can "Risk Everything, and Lose Nothing". This is a preview of how we plan on innovating not only gaming, but blockchain in general.
Players can play risk based games without the element of permanent loss and have a fun way of competing against others whilst having a faucet to the rest of our ecosystem when they win big!
Q5: Finally on the introduction segment, Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: We have a lot of big ambitious goals.
* Our upcoming NFT standard
* Our distinct and unique NFT marketplace, which is a great start for those just getting into NFTs and crypto as well as those seasoned experts.
* Our wallet, which will set a new bar for mobile wallet security in the blockchain space.
These are just the tiniest of beginnings for Royal Protocol. We have a grand 5-10 year vision with far more larger innovations already laid out for blockchain and gaming.
Here’s our public roadmap.
2nd Segment: LIVE Questions
Q1: Earlier today, one of your shillers was talking about how he made $1500 just from staking for the LP game of Royal Protocol, that really raised my curiosity, so can you tell us exactly how we can earn from Royal Protocol? Is your ROI that impressive? If yes, how do we become part of your family of earners?
ANS: Great question. We are having a $1,000,000 Royal Governance Token giveaway for LP providers on our site. https://royalprotocol.io/game
We are also giving away swag bags and more prizes over the next 4 months to users participating.
GROY is our DEFI voting token. All votes in our ecosystem come with a token reward. GROY is set to have a market debut in about 3-4 weeks time with reward-based voting initiatives.
Q2: How can users then acquire $GROY token? And What are utilities of the $GROY token? And lastly what benefits do users gain from holding $GROY token?
ANS: GROY token can be acquired now through the LP game with the 4 month giveaway. These tokens will allow governance voting and product development direction from community members. As we launch our chain and other products we will be giving voice to the people and allowing the community to decide upgrade paths for our games and assets.
Q3: Hey 😄💫
As I read $ROY does not have trendy reflections or deflationary tokenomics. But you written that have "Potential For Future Burns"
So my question is when you are planning to do burn? And have you done any burn as of now?
ANS: Right now we do not have reflections since we feel like this is a bad user experience for newcomers to the economy and we want people to be able to send someone 1 Royal without having issues with losing value arbitrarily. These sorts of things are often not respected by exchanges either.
For those of you that do love the reflection mechanism we will be doing more reflection opportunities in the future, and our LP Game does reflections across users now for those that want to participate and win their share of tokens.
Q4: Mainstream gaming lives within a system where even the best kept secret is inherently vulnerable to exposure. Can Royal Protocol Ecosystem wilo allow users to retain their anonymity, ensuring their sensitive data remains where it belongs i.e with them ?
ANS: We see this as a major problem in gaming, not just in off-chain gaming but with other on-chain games as well. Our mission is to give security and visibility to these systems and ensure the players have an open and truthful gaming economy as their playground.
Q5: Are you open to hiring talented individuals who can add value to the Royal Protocol team ?
What are the position opened on Royal Protocol ?
As an individual who is passionate about blockchain development and want to contribute to the future of gaming, I wish to be a part of your Team, who can I discuss with ?
ANS: We are actively hiring talented people to join our growing team. As I said before we are breaking the 70 employee mark and looking for specialists in gaming, blockchain, and high end engineers. If you love gaming or are technical by nature there is likely a place for you at Royal Protocol, if not now then in the future as growth continues.
Q6: The world of game development is complex and nuanced so could you explain how your platform will allow independent game developers to use your protocol to develop their games? What plans do you have to attract traditional game developers to your protocol?
ANS: This is what Royal Protocol's chain and ecosystem of tools and services directly aims to solve, not only for gamers but also for business and enterprise customers. We see a place where game devs are being required to learn blockchain and work at a furious pace to get their product launched to compete, when they really just to build awesome games.
Our suite of tools and Royal Arcade Certification process, along with our extensive team of talented engineers is smoothing this process and ensuring ease of onboarding and game interoperability.
Q7: Hey 👋😄
The scene of Gaming is totally changing. People are preferring playing Blockchain games instead of the general games.
I see a big change is coming. So I want to know what is your opinion on Future of Blockchain Gaming? And how Royal Protocol will add value to that?
ANS: We feel like the change is definitely on the horizon. Companies like Steam are stepping out of the ring and Royal is here to build the future. Our chain and toolset are specifically placed to be the ecosystem of choice in this amazing future that is around the corner.
Q8: The RAR product I learn is one of your flagship product,can you share more details what products it represents and it function?
ANS: Royal Arcade Rewind is one of our unique innovations to give insight into how we plan on creating waves of innovation. This product takes all the risk out of risk based games and allows game partners and future products in our ecosystem to take advantage of this patent pending technology.
Watch for updates over the next month as we give away a lot of RAR tokens for new users wanting to play our games.
Q9: Reading your page I could see that you will have your own wallet so could you explain me why you decided to develop a wallet and what benefits this wallet can bring to your gaming ecosystem? How secure will this wallet be compared to metamask?
ANS: We have noticed in the wallet landscape that exists there is a major lack of fundamental security, and ease of use. Watch for Pyxis mobile wallet over the next few months to see how our mobile wallet tech will rival and exceed the security that those in the community see from products such as Trezor or Ledger.
Q10: We know it is difficult to survive in the harsh crypto market environment, and we have seen many game projects fail to achieve their goals. What is the strategy/way of the Royal Protocol project to survive this long blockchain marathon?
ANS: We see the same thing, we actually have some awesome plans to help older failing or failed projects with NFTs find new life in the Royal Protocol ecosystem. Hold onto your ancient NFTs, big things are coming!
Thanks all for the questions, join @ROYprotocol to become a part of our community, play our games, and get free stuff! Also for product updates you can join our announcements channel @RoyalProtocol
Follow Us On Our Various Social Media Communities For More Update;
📍Telegram Channel: https://t.me/ROYprotocol
📍Telegram Announcements: https://t.me/RoyalProtocol
🦎 Coingecko: https://www.coingecko.com/en/coins/royal-protocol
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