Recapitulation of SOGE FINANCE PROJECT AMA event held at AMA LOVERS CLUB.
Date: Saturday, 11th April, 2021
Time: 14:00 UTC
The SOGE FINANCE PROJECT team was represented by @CaptainCryptos who judiciously shared with us detailed knowledge and information about SOGE FINANCE PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on Soge Finance?
ANS: So, my name is Roger and I am the founder of Soge. My background is in mechanical engineering at Michigan State University. I have grown a great deal of interest in launching a crypto project ever since the insane uptick in rug pulls that have been happening! I wanted to start something fun that is completely transparent, but now we have a project with a revolutionary use case.
The other founder is my friend Jake, whom also studies at Michigan State University. He has grown quite interested in the world of crypto mostly because of me and my ambitions. My incredible talent marketing team, Jamal and Daniel are two Canada based guys that appear to have connections with just about any man or women you could think of😂.
Q2: Can you introduce Soge Finance, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: So we actually have a very unique use case, and especially right now. If you look into what Covid-19 has done to the scientific community, certain areas such as Space, have lost all access to government or privatized budgets. Soge is creating a platform that will directly support struggling observatories and scientists. Our NFT platform is going to allow observatories to sell one of a kind NFT's such as the one in this photo I am attaching. Each sale will reinject 50% of the Ethereum back into the SOGE liquidity pool while the other 50% will go towards helping the observatories recover to pre-covid conditions. This will further their ability to continue exploring and researching space in a time where it seems like moving to another planet may be the best solution😂
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: Some of the milestones we have achieved: 2000+ holders in 5 days, Coingecko & CMC listings within 3 days, official observatory partnership with down under observatory, and establishing a well-rounded and motivated team. Our roadmap is actually quite intense. We are in the phase of developing our own NFT platform. Our community has encouraged us to build this at light speed, and we plan to do just that. We also have a mobile app planned for development mid summer. The mobile app will permit users to access queue and rent a high resolution space telescope in live time. The rental rate will be in SOGE/Minute. The goal with this app will be to onboard normies into the world of crypto. We also intend to eventually buy our own Space observatory.
Q4: So can you briefly describe your PARTNERSHIPS so far?
ANS: So far we are partnered with Down Under Observatory, various influencers, and some other influential members in the scientific community. Down Under Observatory is run by Terry Hancock. He is a very well established astrophotographer whom has multiple photos and findings featured with NASA. He will be delivering us our first two very own processed photos with full rights. These will become our first NFT's. We also have various professors within our University whom are working to give us access to the Michigan State University observatory. All in all, I would say our greatest partnership is with the community that rallies around us! They are insanely motivational and make every minute of this project rewarding in and of itself.
Q5: Can you give an overview of your Tokenomics, and the UTILITY of the $SOGE Token?
ANS: The tokenomics are as follows, 100 trillion supply, 100 trillion circulating, 5% redistribution, and a 5% reflective burn which increases as the Vitalik wallet gain additional tokens. The cutoff for the vitalik token "burn" is at 70 trillion tokens. When his wallet holds 70 trillion tokens, this will be turned off. In essence, this creates a gold-standard form of liquidity. This will allow our project to not have the issues that come with an ever lasting deflationary system. Our token is the foundational base to support the development and implementation of the various projects our team is creating. Ultimately, the token serves as financial assistance to make this project possible.
2nd Segment: LIVE Questions
Q1: Can you tell us how mechanical engineering background have had an impact towards the way you think about crypto and towards your SOGE Project, did it helped you in anyway?
ANS: I can say that mechanical engineering forces you to think and work in a way that questions feasibility and design criteria. This is a very big help with understanding the true problem a token is solving. Ultimately, my background has served SOGE and its community for the better and it allows me to maintain a close eye on the overall goal.
Q2: For a long time, many fraudulent projects in the crypto market have rug pulled and their teams collected their money and fled. What are your features that make you trust in this regard, why should investors trust you?
ANS: This project actually started after me and a few other people were rug pulled on a different coin. We decided enough was enough, so I set out to build something the community can trust. Our team is fully doxxed to help keep our community in safe hands. We also have locked liquidity which will be extended long before the unlock date occurs. If you hop into the Soge community I am sure you will sense a true feeling of trust:)
Q3: Can you explain me the Auto Liquidity mechanism that you guies are providing? Why do you think this is better than the normal one?
ANS: The auto liquidity mechanism will provide the safety of a trustless system when a NFT is sold on our platform. By having the ethereum auto injected into the liquidity pool, we can avoid human interaction with the sale. This is much safer and assures that nobody can steal any of the ethereum in the sale.
Q4: Do you guies have any special plan for 2021? And when NFT platform will be live? And how much hipe can your NFT platform create you think?
ANS: For 2021, we have a huge marketing push implemented to push us to the next level! We plan on the NFT platform being completed within the next month, (hopefully much sooner)! I think our NFT's will earn a lot of hype within the NFT collector community. Outside of the beautiful images our partners will provide us with, we also have plans to make our own NFT constellations, some of which you will find to be very humorous. We also plan to launch a organization in 2021 that will help provide children in low income neighborhoods with material and opportunities to get involved in the scientific community.
Be sure to come ask more questions in our Soge telegram if I was not able to answer you. I appreciate the opportunity to be here, and the level of interest that you guys brought to the table! Have a good one and stay safe everyone!:)
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