Recapitulation of VispX PROJECT AMA event held at AMA LOVERS CLUB.
Venue: https://t.me/amaloversclub
Date: Thursday, 19th May, 2022
Time: 14:00 PM UTC
The VispX PROJECT team was represented by @Ash_VispX who judiciously shared with us detailed knowledge and information about VispX PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1🩸: Can you please introduce yourself and your background, also introduce the team working on VispX?
👉ANS: I'm Ash Harris, Co-founder and CEO of VispX. I've been in Crypto for a few years years and have worked on multiple gaming projects and also advisor on a few up and coming projects.
My partner Addy is the co-founder and CTO (brains behind the tech) with 6+ years in crypto, also surrounding blockchain tech, finance and an economic genius when it comes to tokenomics etc
We are a team of 15 employees + another team of 12 blockchain tech employees.
✨✨QUESTION2🩸: Can you introduce VispX, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
👉ANS: VispX is the first-ever launchpad powered by the VispX NFT (XBorg) and fueled by VispX token and its advanced token utility.
The first problem we are solving is removing the barrier of entry for our launchpad. We created a mechanism that allows the VispX NFT holders to participate in IDOs without holding the VispX token.
Whilst the VispX NFT (XBorg) comes with a powerhouse of benefits, we are also the only launchpad to create 6 advanced utilities to drive our token economy
The XBorg is our main feature for retail users to really sit back and enjoy to powerhouse of utility it comes with
Let me spill the beans..
🤖 XBorg HOLDERS BENEFITS 🤖
💰 Access to IGO and IDOs
Holding the XBorg NFT allows you to participate in ALL IGO and IDO's, forever!! Our tech reads your wallet and allows you to directly invest in all the projects we onboard through our launchpad.
💰 The YieldBox Generator
Simple yield mechanics are applied in the YieldBox to offer VISPX project tokens and partner project tokens for XBorg holders. The first yield generator allowing holders to earn all the project tokens we onboard via our launchpad
The YieldBox rewards are calculated using the multiplier coefficient, the rarity of a XBorg NF.
👑 Exclusive DAO Access
Owning the XBorg NFT makes you a member of the VispX DAO with voting rights. You can also get access to the governance forum and discord-private channels.
Here users can exercise their voting rights for various activities including vetting processes for incubated projects, community events, ecosystem economy, treasury etc)
🎮 Gaming Projects Perks
XBorg holders unlock an access pass for the alpha game play and exclusive NFTs from our partnered gaming projects.
The yield box is gaining some real attention in the NFT space currently.
✨✨QUESTION3🩸: Can you briefly tell us some key achievement of VispX since commencement and what is to come in the nearest future?
👉ANS: Sure thing :)
Key Features
1. Launchpad Alpha versions tech is complete https://xpad.vispx.io/
2. 6000 XBorg NFTs complete in design
3. 3 IDO in the pipeline and 5 more in the making
4. We have partnered with 3 projects to help build out their tech
5. Gas Optimization tested (reducing gas fees during mint and saving gas fees up to 89%)
6. XBorg Info webpage complete https://xborg.vispx.io/
7. Game Hub 70% complete
8. Whitepaper 90% complete
9. Our NFT art is now displayed in the art gallery in Singapore.
✨✨QUESTION4🩸: So this days, we have a lot of cash grab projects out there.....What are you doing to ensure that only the standard ones comes on VispX launchpad?
👉ANS: Due diligence is the most important function for Addy and I..
Like most investors, we look at:
1. The team and their background
2. Legal infrastructure
3. Economics and utility
4. Road map and partners
5. CEX listings
6. Game Mechanics (is it actually fun and what the market is looking for)
These are the main concerns when it comes to onboarding products.
✨✨QUESTION5🩸: Can you briefly describe your PARTNERSHIPS and BACKERS so far?
👉ANS: So far we haven't gone to market for VCs as the conditions aren't favorable to launch a "Launchpad Token"
We have 3 advisors currently that are mainly focused on building our pipeline and driving our dual model through the NFT and crypto space.
Don't worry if our token doesn't launch, we will still be launching projects with our "Bear Market Strategy" where no needs to hold a token to participate in our IDO.. More to come on this later i guess
We are also in talks with 3 launchpads to team up with them for game sharing through these tough times.
✨✨QUESTION6🩸: Can you give an overview of the Tokenomics and Utility of VispX NFT & $VXP tokens?
👉ANS: Absolutely.. I will make it easier on everyone
Our Advanced Utility.
Sorry, allow me to add again the NFT utility
🤖 XBorg HOLDERS BENEFITS 🤖
💰 Access to IGO and IDOs
Holding the XBorg NFT allows you to participate in ALL IGO and IDO's, forever!! Our tech reads your wallet and allows you to directly invest in all the projects we onboard through our launchpad.
💰 The YieldBox Generator
Simple yield mechanics are applied in the YieldBox to offer VISPX project tokens and partner project tokens for XBorg holders. The first yield generator allowing holders to earn all the project tokens we onboard via our launchpad
The YieldBox rewards are calculated using the multiplier coefficient, the rarity of a XBorg NF.
👑 Exclusive DAO Access
Owning the XBorg NFT makes you a member of the VispX DAO with voting rights. You can also get access to the governance forum and discord-private channels.
Here users can exercise their voting rights for various activities including vetting processes for incubated projects, community events, ecosystem economy, treasury etc)
🎮 Gaming Projects Perks
XBorg holders unlock an access pass for the alpha game play and exclusive NFTs from our partnered gaming projects
⚡️ NFT Royalties Program - Draft
Driving the narrative of the XBorg NFT utility, we are excited to deliver a 2 phase approach for the implementation of our Royalties program!
The 2 phase approach is directly related to both our "whale" XBorg holders and the 2nd as an incentive program to build out our launchpad pipeline.
✅ Whale Holders | 20% Royalties
Distribution | Royalties will be distributed on the 1st of each month.
As part of the XBorg utility we are offering 20% of the NFT royalties to users holding 10 XBorg of any kind in their wallets. During mint, that max allocation per wallet will be 5 XBorg NFTs so holders will need to buy an extra 5 off secondary market
✅ Affiliate Program | 10% Royalties
Distribution | Royalties will be distributed on the 1st of each month
Community incentives is what makes our eco-system thrive and we want your hard work to pay off!! Every XBorg holder that brings a new project to our launchpad will enter a separate royalties pool following these steps:
1️⃣ Broker a deal between VispX and a new project to be launched on our launchpad
2️⃣ Community must vote YES as part of the DAO
3️⃣ Once IDO is complete, we will enter 1 of your XBorg contracts into the new royalties pool
4️⃣ 10% NFT royalties allocated to this pool and evenly distributed to individuals who brokered a deal
5️⃣ If you sell your NFT, the contract will be voided!
2nd Segment: LIVE Questions
✨✨QUESTION1🩸: So VispX intends to offer extensive end to end solutions for blockchain gaming projects. Why have you concentrated on blockchain gaming projects? What kind of support will VispX be giving to these blockchain gaming projects before, during and after their incubation so they can have a sustainable and successful launch?
https://twitter.com/KurangaHA/status/1527048386389712896?s=19
👉ANS: Initially we will focus on gaming projects however, we will be opening up to all projects once we expand our team.
✨✨QUESTION2🩸: I read that XBorg is a 6,000 Genesis collection built on Ethereum blockchain, however, we all know how insane gas fees could be on the blockchain. Could you tell us how you intend to counter the soaring gas fees on ETH chain? What measures are you taking to optimize a low gas solution and security for the upcoming XBORG NFT mint?
https://twitter.com/BisolaHafsat/status/1527203379138777088?s=19
👉ANS: Love this question.. I encourage you to read on our gas optimization solution here: http://docs.vispx.io
✨✨QUESTION3🩸: When was the first project you have launched on VispX Launchpad Platform,
Are you currently discussing with any project or it is yet to be decided?
https://twitter.com/Munishgmr/status/1527283984170123264?t=8SoWRLgjrDdbRFPJe8lf6Q&s=19
👉ANS: We have 3 projects confirmed and 5-8 in the pipeline.. Keep an eye on our updates via twitter, telegram and discord.
✨✨QUESTION4🩸: You state that your goal is to implement emerging projects through our XPAD technology via multi-chain solutions. So, can you explain to me how XPAD technology works? Will emerging projects really be able to rely on your technology to achieve a good development? What important features do you provide to emerging projects?
https://twitter.com/Rarr0301/status/1527188944135372801?t=BEMRwzBMTW5Z5Ui2yaI23w&s=19
👉ANS: Our XPAD model is chain agnostic which allows the team to attract more customers whom are looking for a unique service. Remember, our launchpad operates differently from other launchpads as we are a dual model and don't require large staking amounts..
Whitepaper will be coming out soon, there is a lot of good info there.
✨✨QUESTION5🩸: For Low profile investors, there is very less chance to get in to IDO on many other launchpads,
How will you try to make the system Fairer for those kind of Invetors?
https://twitter.com/Elly_iam12312/status/1527291235228327937?t=QH3qalVEgQe01GW2K7W8Aw&s=19
👉ANS: We have built the the VispX launchpad specifically for retail users.
As i mentioned before, we will be delaying our token launch due to market conditions however, we are still opening our launchpad for IDO.
How to participate before token launch
1. Get in early on the XBorg NFT
2. We will be doing a ticket system - $100 per ticket and this will be your investment. Total 5 tickets per wallet. No staking required, just buy the IDO ticket and you are good to go!!
✨✨QUESTION6🩸: Hello 🙋♂
In Q1 2022, You have scheduled to make a Brand mascot design. I want to know have you made any? If yes Can you show us the mascot?
https://twitter.com/Rakesh200x0/status/1527212689067745284?t=deTD_47uxUgffpqgPqDQvQ&s=19
👉ANS: Absolutely!!
Meet our XBorg NFTs!!!!
✨✨QUESTION7🩸: Do You give Priority To QUALITY PROJECTS or You gave Priority to Quantity , Many Launchpads Launch NO. OF project And Do not Care about the QUALITY, Is You are also doing same Or Your Working is Different, Please tell me ?
https://twitter.com/Titaniu29552426/status/1527292508769726471?t=8u5DP_P2wZECAt0m02-b-Q&s=19
👉ANS: We are ONLY about quality, we are more then happy to launch 2-3 projects a month so as long as they are HIGH in QUALITY.
✨✨QUESTION8🩸: I had already Joined the TELEGRAM CHANNEL and all Socials of the VISPX but I have Not Got the DISCORD CHANNEL , Have You Launched the DISCORD , Please share the Link and From Where I can know More about your Project ?
https://twitter.com/chaisanewell/status/1527297440679751681?t=AwJBw4hHiIXNUqrKJp8bSA&s=19
👉ANS: Sure thing!
Twitter | Discord | Website | XBorg | Launchpad
👉Follow Us On Our Various Social Media Communities For More Update👇👇👇
Website: https://vispx.io/
Launchpad: https://xpad.vispx.io/
XBorg Info Page: https://xborg.vispx.io/
Twitter: https://twitter.com/VispX_official
Discord: https://discord.gg/vispx
Telegram: https://t.me/VispX_Official
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