AMA RECAP : CRYPTO CHALLENGERS x ASTRA
Venue : CryptoChallengersD
Date : 27 MAY2022
Time : 12:00 PM UTC.
Guest: SAKHIB WASEEM
They shared detailed information and his opinions about the project ASTRA
SEGMENT 1 INTRODUCTION.
1. Could you Guys please provide a quick self-introduction for the community?
I’m Sak waseem cio and cto for the ASTRA protocol
We are a decentralised compliance layer for DeFi and web3. We’re bringing a new product to the crypto space
It’s designed to bring more safety to the crypto community
One of the biggest issues in crypto is the huge number of scams
This has lead to massive regulatory pressure all around the world
So we created a decentralised way to
bring more trust to crypto world
2.Can you briefly introduce the project ASTRA PROTOCOL what are some of the utilities of $ASTR ? How do you think you stand out among the competitors if there are any?
Astra protocol is the only globally patented compliance layer for crypto. We bring KYC and aml for 155 countries by using our decentralised legal network DLN
It has major legal and compliance firms from all around the world
We’re more fair than centralised compliance, more cost effective and more trustworthy
Our native token is ASTR
and it’s used by DeFi and crypto platforms to KYC their users
We allow apps to hold the token and the number of tokens they have gives them an order of preference
So the more they hold the faster their customers will get checked
Every time a user gets KYC checked we drop them an NFT too. This NFT gives back to the community with rewards on different platforms
And shows they are compliant and a healthy user
They are non transferable so are very special and lock in with the wallet that gets checked
As more apps use our protocol the token will rise in value as it’s a fixed supply token 🙂☘️
3. Can you share the achievements the team has made so far ? what are the major achievements that ASTRA PROTOCOL is yet to achieve . If possible also share your roadmap.
Here’s a few highlight
We completed a 9m usd round for the crypto funds it was lead by republic crypto and DAOMaker
We hired a huge advisory board including
Head of trade commission for the EU 🇪🇺
Chief of staff for the whitehouse 🇺🇸
Head of homeland security 🕵️♀️
And now we’re raising 100m usd
For major funds
We will launch our token in the coming weeks
And will have an IDO for the public to join in and get early access
Our tech is due to launch this year also!
4. Could you share a bit about security and also what benefits you provide to incentives users choosing your platform?
We have full enterprise security and we don’t ever expose your blockchain wallet address
So everything is safe and complies with data privacy laws around the world
5.What’s the total supply of the token ?Could you share a detailed tokenomics of mainnet token’s supply distribution
Sure. 1bn hard cap will be minted
It’s fixed supply token
SEGMENT 2 TWITTER QUESTIONS.
1.How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
Yes we’re active on Twitter and telegram
@Astra_Protocol For our telegram
2.Every DeFi, according to what I’ve read, will include a decentralized compliance layer with KYC and AML capabilities. How would relying on the expertise of renowned law firms aid in the resolution of real-world compliance issues?
We’ve created the DLN to harness the reach and expertise of legal networks all around the world and show on chain proof of their findings when compliance checks are made
3.How deep is trust in the DeFi narrative? How can DeFi protocols maintain full compliance with financial regulations? How do DeFi lending and lending platforms ensure that the deal matches the smart contract? How does Astra answer these questions?
Simply plug in our service
We cover all of the rules for 155 countries through our module which keeps the crypto space up to date with compliance.
Lending platforms, or any defi platform and connect to our service and they can KYC all of their customers while remaining decentralised and protecting anonymity
4.On the website it is written that ASTRA can comply with various societal rules without compromising on decentralization. How will you deal with the law and the legal requirements that accompany its implementation? Will it conflict with the decentralized component?
It doesn’t conflict
Our module allows users to comply with the rules of their territories, but doesn’t expose their wallet information so we can check your identity as a safe and non malicious person
And on chain proof ensures your wallet can be verified as good
5.How many team members do you have currently working in Astra Protocol? Are the experienced in this field? Do you have plans to expand your team to faster develop Astra Protocol?
How many Backers do you have currently? Can you name some of your backers?
We have a large team!
We are very experienced in technology, crypto and regulation!
And we’re growing!
A list of our backers can be found on our site
Our tech team is currently expanding so we can scale with our ambitions
SEGMENT 3 TELEGRAM LIVE.
Q1-❇️ The Chosen one ❇️,
Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is Astra strategy to attract new users and Investor to invest in Astra and keep them long term? !!
[In reply to ❇️ The Chosen one ❇️]
We have a huge social presence! Telegram over 170k! We keep growing our marketing is both aimed at crypto and non crypto
We were the firstweb3 headline in wall st journal
⚫️ What is the mission of Astra and how it will be a useful to the present crypto ecosystem?
[In reply to Michael Anderson]
We’re keeping crypto safe. Keeping regulators happy also so we can grow the industry in a controlled and proper manner! No more Wild West for crypto
Who are your competitors in the market and what make you ahead of them? And Incase if you don’t have direct competitors, then how will you maintain a good market share?
[In reply to Syhcd🙈]
We have no competitors.
Are you a global project or local project? At present, which market are you focus on, or is it focused on building and growing to gain customers, users and partners?
[In reply to Nathaniel Barnardiston]
Where can I buy your tokens now. What are your current contracts, and how can I buy them and what are the benefits?
[In reply to 𝞐𝙇𝙇𝙀𝞟🕊️⃟࿐]
DAOMaker IDO soon!
Make sure you’re following us and prepare for the ASTR token!!