Recapitulation vEmpireDigital @ PROJECT AMA event held at AMA LOVERS CLUB.
Date: Wednesday, 18th August, 2021
Time: 13:00 UTC
The vEmpireDigital PROJECT team was represented by @vEmpiredigital who judiciously shared with us detailed knowledge and information about vEmpireDigital PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on vEmpire?
ANS: So my name is Dominic Ryder and I am the CEO and founder of vEmpire DDAO, I started my career as a stockbroker and trader, moving into Wealth Management as an Associate Partner at St James’s Place WM, a FTSE 100 company. After this I moved into venture capital.
On my team I have some colleagues I worked with over the years in finance, some advisers who I am friends with in some well known protocols, and my brother who is COO 👌🏻
You can find us all here at https://v-empire.digital/team
How big is the vEmpire team?
So at present you have four core staff and 8 developers, we have multiple advisers outside of this and after token launch we have an additional 32 developers ready to go 🔥
Q2: Can you introduce vEmpire, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: Absolutely. So during my time in finance I witnessed a lot of greed & corruption, especially as a stockbroker and trader. It seemed that it was always the average investor who came off worse whilst those who were high net worth or institutions always came out ahead.
I started seeing a lot of the same things I saw in centralised finance, creeping into crypto. This is why I created vEmpire.
A lot of people don’t believe me when I say this which is why I encourage every single one of you to read the whitepaper. vEmpire doesn’t have competitors, this is because nobody is doing what we are doing. We are the first ever protocol planning to invade and conquer another. We are the first protocol to offer Metaverse token staking, incentivised and rewarded from our emissions schedule.
These DeFi-esque staking pools are the only option for yield on Metaverse tokens currently in the market. Alongside all of this we are already top 10 NFT trading card company on Opensea and our play to earn trading card game will earn users significant rewards for holding our NFTs!
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: Yes absolutely. Our greatest achievement so far is definitely our IEO announcement on MEXC Global. It is extremely rare for a top 20 exchange to accept a new token launch and this goes to show their confidence in vEmpire.
Alongside that we were accepted as an incubated launch on Unicrypt. Only three out of the previous 500 launches ever were accepted and vEmpire DDAO is the fourth.
Our roadmap which we are on track for is to have a demo ready for the platform prior to token launch, and to have fully functioning MANA staking strategy, DDAO and game by October. We will add more and more tokens as we develop 🔥
You can find the full development schedule on section 3.3 of the whitepaper here
Q4: How prepared is the team to launch the $VEMP Tokens?
ANS: We are ready 🤩 we have hundreds of thousands spent in marketing for this last two weeks for the VEMP token.
It is worth noting that xVEMP & xsVEMP are not publicly tradable tokens, they are just there to show you are in the DDAO or in the battle arena ⚔️🔥
VEMP is our public asset, the other two tokens are protocol based and unique to our platform.
Q5: Can you briefly describe your PARTNERSHIPS so far?
ANS: Yes so yesterday we had investment from Chris Hui who is Head of Asia from Polygon
We have multiple investors and I am meeting with Chainlink tomorrow. Alongside this I am in discussions with a certain fan of vEmpire’s about a potential dual announcement…. It is only discussions at present but I think you will know the founder, his token is worth almost 4 billion dollars after all!
Q6: Can you give an overview of your Tokenomics, and the UTILITY of the $VEMP Tokens?
ANS: Yes so utility to any token is vital for success. VEMP is dynamic and exciting. It is the native token of vEmpire and is used to reward stakers, battle winners and the DDAO.
It has multi level staking so all yields can be compounded. For example the MANA you may staked pays you a yield in VEMP, you stake this VEMP into the DDAO which gets you xVEMP and qualifies you to be gifted profits from the DDAO.
For the bravest warriors, they can then stake this xVEMP into xsVEMP which is the battle token. This can be used to fight other token holders and earn even more yield 🤩
This also incentivises users to hold their tokens and not take them off platform to sell. vEmpire rewards loyalty above all, and our newest and oldest supporters will be heavily rewarded at every stage 🥳.
2nd Segment: LIVE Questions
Q1: Instead of the normal DAO that rewards wallet with the most money, I read that vEmpire’s DDAO decided to adopt a Democratic DAO, which is one vote per wallet above a minimum holding. Though this will ensure fairness among all holders but do you think people would want to hold more since it doesn't increase their voting rights? What other ways have you implemented to help reward users with large holdings for their commitment and trust in the project?
ANS: So a user of a protocol rarely buys a token because they want large voting rights, the average user is always dwarfed by founders, developers and contributors as these tend to be the wallets with the biggest holdings.
Having a Democratic DAO means that the community can make the best decisions and not have the founders and developers outvote them every time. The tokens utility, it’s uniqueness and its play to earn features by far outshine any feature of governance ⚔️
Our DDAO is equal for all 🤩
Q2: If I may ask, what is the Utility of the trading cards that are given to users who lose in the battles? Are these cards NFTs? Finally, don't you think that giving losers trading cards might make them comfortable and complacent with their losses?
ANS: Great question! So the owners of our trading cards will be the most profitable users of vEmpire. The NFTs will boost the hands in the play to earn game, meaning you have better odds of winning.
We are currently selling the First edition NFTs for only 0.15 Ethereum! This will be the lowest we every list them at! Imagine how much the first 200 Cryptokitties or Axies are worth now 😆
Q3: 🌟Hello! Recently vEmpire announced NFT treasure hunt “The Emperor’s Parchments”. Can you explain what is this event about and some details, such as how can users participate and what are the prizes? When will this treasure hunt start?
ANS: Ah yes I was hoping for a question on this, so the quest has already started. One of vEmpire’s users will win 1% of VEMPs total supply, this is over 8 million tokens and will make the prize, if we get to even half the size of MANA, worth over $5,000,000 dollars!
Some clues have already been revealed here!
vEmpire announces NFT treasure hunt — “The Emperor’s Parchments” https://email@example.com/vempire-announces-nft-treasure-hunt-the-emperors-parchments-7f5f3920138e
Q4: Everyone knows the potentials that a Project can bring is viral to achieve the Goal set. So what is Your Strategy to attracts New users to your platform and keep them in Long Term?
Can you Share your achievement Till now and what Development can we See in your Project ahead?
And we always go to your telegram Group to ask Questions, will you be always available to answer those Questions So will can know more About your projects in details?
ANS: So anybody currently in our socials will always hear me say that vEmpire rewards loyalty above all ⚔️🔥 this is true. The most important part of any community is it’s users. We want to reward each and every one of our users to make them ambassadors for vEmpire. If we do this well, the people will inevitably come 👌🏻
And yes I am always on our telegram, I will forward out socials now here 😊
Q5: Speaking more specifically about the different criteria that structure the vEMPIRE ecosystem I would like to know in great detail, what don virtual real estate, what makes them valuable and important and what is the role they play within the vEMPIRE ecosystem?
ANS: So each Metaverse has its own tokens and land, like a total supply, this land is limited, and so scarcity, increases its value. For example Decentraland has only 92000 plots of land available.
As well as scarce land, the parcels themselves can be built on. Our plan is to build, gladiator fights, battle arenas, Chariot racing and casinos on our land. So not only will you earn a VEMP yield, you will also earn a yield in the native token you staked as well!
Please see below for an example of our MANA strategy !
Follow Us On Our Various Social Media Communities For More Update;
FAQ for vEmpire’s $VEMP token 🔥⚔️🔥⚔️ Listing on MEXC Global - Top 20 CEX
Token Launch: 31st August
Where can I get involved in the pre sale? https://app.unicrypt.network/amm/uni-v2/ilo/0xF4f759a7Ee12a1DBd9d6d56bd14d5e22ec9348e6
Or top 20 CEX MEXC Global https://www.MEXC.com
How will VEMP be used in the protocol?
To reward & incentivise Metaverse token staking onto the platform & to reward game winners 🔥👌🏻
Why did you create vEmpire?
How can I earn 1% of VEMPs total supply? 🤯
Where can I get the NFTs? https://opensea.io/collection/vempire-the-founding-soldiers
Where can I post my secondary sale NFTs?
How much will 1% of VEMP be worth if vEmpire gets to the size of MANA? $10,000,000 😱
Where can I see or add my clue? https://docs.google.com/spreadsheets/u/0/d/1xzTjEvo9HYhCnGNzZb-QR_OtHpePBWFGO2_DD6evKns/htmlview#
You also have the NFT handbook here https://v-empire.digital/NFT-handbook
Ah and please see a lovely video summary 😍
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