AMA RECAP : CRYPTO CHALLENGERS x ALGO LAUNCH
Venue : CryptoChallengersD
Date : 07 JUNE 2022
Time : 12:00 PM UTC.
Guest: JOHNNY
They shared detailed information and his opinions about the project ALGO LAUNCH
SEGMENT 1 INTRODUCTION.
1. Could you Guys please provide a quick self-introduction for the community ?
Johnny | Algolaunch,
Pleasure to see you guys! I’m Johnny, the Project Lead of AlgoLaunch.
I’m very happy to be here to tell everybody more about our company AlgoLaunch. Bring on those questions!
2.Can you briefly introduce the project ALGOLAUNCH what are some of the utilities of $LCH ? How do you think you stand out among the competitors if there are any ?
AlgoLaunch is a Web3.0 IDO platform with social-fi elements.
We aim to solve the challenges from previous IDO mechanisms which mainly focussed on profiting the platform owners and early participants.
AlgoLaunch users can participate in IDOs via various different ways — by staking the governance token ($LCH) and our very own NFT.
Furthermore, users with NFT can earn $INK or $LCH based on their forum activity, and $INK and $LCH can be used to enhance the attributes of NFT, hence increasing the efficiency of IDO participation.
We have a lot of token utility for our governance token, for example, IDO participation , NFT minting, NFT enhancement, governance proposal.
Please see below for the detail;
⁃ IDO participation : Receive lottery ticket for IDO through staking
⁃ NFT minting : An additional Mint NFT for IDO participation
⁃ NFT Tier upgrade : NFT tier can be upgraded and claim more badges
⁃ Pen NFT Claim : Purchase a Pen NFT that has a function that enhances the attributes of NFT, Pen NFT can be attached to the NFT to enhance the attribute of the NFT, and the number of badges that can be attached varies depending on the Tier of the NFT
⁃ NFT repair : When the number of NFT usage (increasing IDO efficiency) is exhausted, it can be used to repair the NFT
⁃ Participate in the governance vote : Right to vote on the governance proposals in the forum
3. Can you share the achievements the team has made so far ? what are the major achievements that ALGOLAUNCH is yet to achieve . If possible also share your roadmap.
We keep building our own IDO platform and we are about to open our forum that our community user can engage with their NFTs.
NFT sale will be soon and Forum will open on End of June. In fact, we just published Medium article about NFT sale. So please below for the details!
https://medium.com/@Algolaunch/algolaunch-announces-details-of-genesis-nft-sale-540d04091a63
4. Could you share a bit about security and also what benefits you provide to incentives users choosing your platform?
Security is the most priority that any protocol prefers and that is the reason we have planed to audited through major firms.
Rest assured that we are in the right areas and our technical team is leading the landscape with the desired results. The audit report will be released on next month!
5. What’s the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution ?
Here is detail of tokenomics for our governance token.
- Token Name : AlgoLaunch
- Token Type : ASA
- Token Ticker : $LCH
- Chain : Algorand
- Total Supply : 100,000,000 LCH
SEGMENT 2 TWITTER QUESTIONS.
Q1) On your RoadMap I saw a program “finding partnerships and major investors” for your project. Can you provide more details on where you are targeting to look? Any hints of the big names to come & What are your plans if the search doesn’t work?
I love to share about our partner! For first, we received the grants from the Algorand foundation. We were awarded grants to build a brand new IDO platform on Algorand ecosystem.
You can see more detail about the grants that we awarded.
https://algorand.foundation/news/algolaunch-grant
And also we are in touch almost every projects within Algorand ecosystem that we could build ecosystem together. And we are about to announce our partnerships, so please wait for further news 🙂
Q2) I often hear about web 3.0 makes me always curious. Why is web 3.0 so important to Algolaunch? What are your reasons? Then what solutions will be provided for its users?
AlgoLaunch is a Web3.0 IDO platform with social-fi elements.
Through Web3.0, AlgoLaunch, which bridges user and project, provides each key parties with what they need to achieve a healthy and sustainable platform.
• To Users: Provides a platform for private investment of new projects that are difficult for individual retailers to invest in
• To Project: Provide users with a platform to promote themselves and raising funds
• AlgoLaunch: Share the revenue generated by using the platform by users with users and projects
We introduced the AlgoLaunch, the W2E IDO platform, a platform for mutual coexistence via the provision of genuine advantages to the community, which had previously been considered as only a PR tool.
Unless you are a full-time investor, the IDO platform is the greatest framework for creating a structure where users may write and act in the community (W2E) and earn incentives, as well as offer passive income.
We intend to combine these two platforms into a single platform that we build with users.
It will be run as a Write-to-Earn (W2E) system, with suitable benefits for community members. In the age of Web 3.0, look forward to AlgoLaunch and AlgoLaunch’s forum, which is quickly becoming a social pie leader.
Q3) Why did you choose the Algorand network? Was iy a random decision or were there heavy influences like favourable fees, speed snd others? Please tell us.
As well as Algorand’s multitude of technical advantages, Algorand is a late starter amongst other L1 chains on TVL and number of protocols (#35 on DeFi Llama as of Apr 2022).
We want to hold hand at this initial stage of adoption to accelerate and incubate new projects that could be the next game changer on Algorand. We are grateful to have full support from the Algorand Foundation, to take off on our journey with our initiatives.
Q4) Im amazed that AlgoLaunch’s NFT has unique utility of a WriteToEarn model. With this, the AlgoLaunch NFT Genesis Whitelist and Airdrop has been announced. Can you tell us how can we join the whitelist and get the chance to own these unique W2E NFTs? What are the requirements?
Existing IDO platforms participate in IDO by staking governance tokens.
But for our users can even participate by staking NFT.
The NFT may be enhanced with the rewards that users receive for engaging in our forum to boost the efficiency of IDO participation.
So we have a lot of token utility for our governance token, for example, IDO participation , NFT minting, NFT enhancement, governance proposal!
Q5) I think, The success of a project depends on how large the community is. Do you have a plan to spread awareness to both crypto users and non-cryptocurrency users in the world? Especially non-English speaking countries may have restricted access to your project??
We have a lots of plans to expending our community. The ambassador program will be launched in near future. As we are targeting to expose in every conturies, we are happy to open the local community for each local languages. So if you are interest to managing community in your language, feel free to email(Johnny@algolaunch.ai) me for the offer!
SEGMENT 3 TELEGRAM LIVE.
Q1-Lavana2016,
I read if you introduce W2E Structure (Write-to-Earn), in order to profit from W2E, users must have Note NFT. Can you talk about this Note NFT? Where can we get it and what are the advantages of having it?
[In reply to Lavana2016]
You could get our NFT through Genesis NFT sale. And you can find the detail below 👇
https://twitter.com/Algolaunch/status/1533848776992952320?s=20&t=GX-eIAaoXiyXNQoewpZUlA
Q2-hadia,
Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
[In reply to hadia]
We have a lot of token utility for our governance token, for example, IDO participation , NFT minting, NFT enhancement, governance proposal.
Please see below for the detail;
⁃ IDO participation : Receive lottery ticket for IDO through staking
⁃ NFT minting : An additional Mint NFT for IDO participation
⁃ NFT Tier upgrade : NFT tier can be upgraded and claim more badges
⁃ Pen NFT Claim : Purchase a Pen NFT that has a function that enhances the attributes of NFT, Pen NFT can be attached to the NFT to enhance the attribute of the NFT, and the number of badges that can be attached varies depending on the Tier of the NFT
⁃ NFT repair : When the number of NFT usage (increasing IDO efficiency) is exhausted, it can be used to repair the NFT
⁃ Participate in the governance vote : Right to vote on the governance proposals in the forum
Q3-samuel kenny,
Can you explain to us in details why you decided to build this project on Algorand? Why not any other blockchain? Since you guys have started with this project on Algorand have you ever once regret that you where built on Algorand?
[In reply to samuel kenny]
As well as Algorand’s multitude of technical advantages, Algorand is a late starter amongst other L1 chains on TVL and number of protocols (#35 on DeFi Llama as of Apr 2022). We want to hold hand at this initial stage of adoption to accelerate and incubate new projects that could be the next game changer on Algorand. We are grateful to have full support from the Algorand Foundation, to take off on our journey with our initiatives.
Q4-M 3
What do you have?
1- Telegram Group✔️
2-YouTube Channel✔️
3- Tik tok channel✔️
4- Discord✔️
5- Twitter✔️
6- Website✔️For this project, where can I get the latest information and what is the latest plan for your project?
[In reply to M 3]
Remember to follow our social media channels to stay ahead of news! (Including the NFT sale)
Twitter: https://twitter.com/Algolaunch
Telegram: https://t.me/algolaunch
Discord: https://discord.gg/cbsR4DxFHE
Medium: https://medium.com/@Algolaunch
https://medium.com/@Algolaunch/algolaunch-announces-details-of-genesis-nft-sale-540d04091a63
Q5-David Bronz,
What is the focus of your project right now? To attract new investors? Increase token value?or New collaborations and partnerships?
[In reply to David Bronz]
We are now focusing to sale our NFT and open the forum accordingly! You can find the detail about our NFT sale as below 🙂
Thanks for listening guys! It was a pleasure to share our project with you all!
Hope to see you in our forum! Keep an eye out for our NFT sale coming soon!
Remember to follow our social media channels to stay ahead of news! (Including the NFT sale)
Twitter: https://twitter.com/Algolaunch
Telegram: https://t.me/algolaunch
Discord: https://discord.gg/cbsR4DxFHE
Medium: https://medium.com/@Algolaunch
