AMA RECAP : CRYPTO CHALLENGERS x EKTACHAIN
Venue : CryptoChallengersD
Date : 21MAY2022
Time : 12:00 PM UTC.
Guest: HARRY CHAWLA
They shared detailed information and his opinions about the project EKTACHAIN
SEGMENT 1 INTRODUCTION.
1.We understand that Ekta is an established Layer-1 platform but what is the background story of Ekta and how did we come to the Ekta Portal NFT?
Harry Chawla [I will never DM you first ],
My name is Harry chawla, I’m the community manager at EktaChain.
An established layer-1 protocol, faster and cheaper than ethereum.
We are launching our new product called Portal NFT, I’ll be giving a brief about it in today’s AMA.
Before we start, I would like to mention to the community we have a twitter space this Thursday coming up with great rewards so make sure to hop in.
We are layer one blockchain that bridges the physical
world to the blockchain. We have a layer one which is running at
the moment. It’s been running for six months and we have a fungible token. That is the utility token for our blockchain used for network fees. It will be used for minting NFTs it will be used for our plant to earn game it will be also the governance token reward it will be used for staking rewards and liquidity pools and and some Defi. We have three main things that are we are building on top of the chain which will complete our ecosystem. The first one we which we’ll be launching next month is our NFT marketplace. The second one which is really important for
doing defi inside our ecosystem is our hybrid Exchange, which is launching on the third quarter of this year. And the most exciting one that I really love so much is plant to earn game the Metatrees, which is a game that will help improve people’s lives and also help the environment by planting to earn so the gamers
can play the game plant trees in the metaverse and earn tokens from it. And we will also go and preserve rainforests, plant trees in the real world.
You can offset your carbon credit your carbon footprint through some of the NFT’s will have verified carbon nanotubes. And it’s also really exciting because it’s tied to one of our flagship projects called Ekta Island.
2.What is Ekta Portal Node
A portal is your gateway to something to a world or
universe. So the portal NFT is your gateway to whitelist and to be part of our complete ecosystem. What this portal NFT will do is it will allow you access and whitelist to our other amazing mints like Ekta Island, and metatrees, Genesis.
It will also give you access to you know our idos like our Hybex IDO, our metatrees IDO but one thing really amazing about this NFT it actually has value and it comes with something physical because we are a blockchain that bridges the to the physical world. So, we want all our NFT’s to have some kind of value or some kind of tangible asset that comes with the NFT. So this one is quite interesting. It comes with a node a physical node. So when you mint this NFT we will ship you a physical node in a few months straight to your Home, you can connect this node to your WiFi and your wallet. And then you start earning EKTA every day!
3.Why is access to the Metatrees, Ekta island and Ekta Real Estate projects so beneficial for the community?
Our mission vision is improving people’s lives and fixing the environment. And the node is emitting Ektas for you. So
you’re earning every day, the Metatrees Genesis pack, you know, you can, you can be a landlord, by having virtual land, you can be a farmer, or, you know, you can also farm trees, and so you know, all of these will, will give you extra income at the same time. They’re all asset back, because the metatrees NFTs will have verified carbon units embedded in it. And of course, at the island, it’s very obvious, you have this NFT you you own a piece of the island. And so, you know, whatever income comes from the island, it gets generated back to, you know, the NFT holders. And, and it’s backed by assets. It’s this actually real land. So it’s better than a stable coin.
Our founder Mr.Berwin likes to call it stablecoin plus!
4.It’s a common stereotype that NFT doesn’t have any real-world utility. Why is a company like Ekta so important to the longevity of the blockchain space?
There’s no lying this space is in a speculative bubble but I am proud to say this is not the case with Ekta. All of our NFT are physically backed!
Whether it is from our game MetaTrees or when we speak about our upcoming product Portal node NFT.
5.When can we expect the physical node to be delivered? How will the logistics work? What pricing range would it be in?
The mint is in the middle of June. And it’s a continuous mint, because unlike other NFT projects, that have to mint out quickly. We don’t have to mint out quickly, because this is like our our hardware division, this is our physical, there’s no rush to, you know, like sell out, you know, we don’t need to sell out, we can sell slowly. And you know, it’s just gonna keep gaining traction.
We aim to make it sustainable so there’s no barrier to entry and everyone can afford and start earning from our node right away
SEGMENT 2 TWITTER QUESTIONS.
Q1. With Ekta’s decentralized financial platform, we can access real estate investment opportunities. So, which countries will these real estate investments be valid for in the global sense? Are there any restrictions?
Ekta real estate is part of Ekta’s vision, our most prominent
part of ERE right now is Ekta island, I will share a video here.
There’s no restrictions however the island has 2 phases and is in Bali, Indonesia.
Also this would be explain it better.
Q2, Could you articulate more the pillars currently #EktaChain is focusing on? To build a user-real World with Blockchain, what do you reckon as the biggest challenges need to be overcome during developement process? And some major milestones it has achieved till now?
I think the point that our chain is out there and running and processing transactions faster than Ethereum is a great milestone with many more to come.
Biggest challenge I would say would be to get the word out there, but I believe the actual work and product shine itself in the jungle of non-utility hyped projects we currently are in.
It is just matter of time.
Q3. What is the revenue model of #EktaChain In which ways do you generate revenue/profit? So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now?
Like I mentioned that we are an established L1 Platform as more and more exposure our chains get and our ecosystem gets bigger, we will be generating revenue. The current focus is to build a strong community.
Q4. As far as I understood, @EktaChain could be used for DeFi,NFT,GameFi,DAO etc. I can’t get it clearly. Can you explain in some details how we could use EktaChain for these areas? if you could provide some example, it would be great
Any layer-1 platform can be used to for DeFI, NFT, DAO etc.
The issue is it’s high cost, the solution? L2 as many say but, Layer-2 breaks atomic composability. IN easy words, you know how you can share a photo on facebook and it gets shared instantly on Instagram? That’s because of Atomic composability that’s available in layer-1 but it’s broken down when you go to a layer-2 solution.
We are a layer-1 scalable chain, that is what makes us different and better from Ethereum and other competitors scaling on a L-2 solution.
Q5. According with the Ekta Chain mission and vision, the objetive is help in the environment, so can you explain us how Ekta chain works to preserve the world environment?
Ektachain’s upcoming P2E game, MetaTrees is solving the environmental problems, you could trade your VCU tokens and reduce the carbon foot print.
Trees planted in the game will also be planted in real life.
That’s the vision of ekta bridge the physical world with the Blockchain.
SEGMENT 3 TELEGRAM LIVE.
🔆 I read that Ekta Chain use an Hybrid exchange called hybex that combines the advantages of centralized and Decentralized exchanges, so can you tell us what are its features?
[In reply to Manugotsuka]
Market makers listing on HYBEX go through a KYC/KYB process and token listings are controlled to
ensure quality control and accountability, making for more trustworthy and secure interactions for users.
Users remain anonymous and maintain data privacy as long as they don’t transact in fiat currencies.
We combine best features of CEX AND DEX.
Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on? Please share with us!!
[In reply to David Bronz]
Ekta’s vision is to make everyone lives better.
This is what we are trying, making this planet a better place to live!
More Green, More rich, more universal and connected.
Aside conducting AMAs,what are some of your other Marketing strategies?
[In reply to hadia]
We have weekly twitter spaces, we are in touch with influencers, trying every effective medium to get the word out there about our New project PORTAL NFT
I heard #Ekta’s launching an exiting new product that’ll make earning $EKTA as easy as plug-and-earn!
Can you shed some lights on this new product? When it will be coming? Please talk more about it.
[In reply to Henry]
The new product is what this AMA has been about,
Our PORTAL NFT.
You can tune to our twitter space where we will explain indepth about it.
Q5-Sái Việt Hoàng,
How can I buy your $EKTA tokens right now? Andwhich Wallet Support your Token?
plz tell me
[In reply to Sái Việt Hoàng]
Hello Harry 👋👋
Do you agree that community is EVERYTHING and that COMMUNITY have a role to play in a project developments.?
So how can we the community support and drive this project forward, do you support feedbacks and suggestions from the community. ?
[In reply to Joshua]
I wouldn’t say it’s everything however community definitely plays the most critical part in a project as a community manager, I think i can really comment on this!
Harry Chawla [I will never DM you first ],
Everyone again if you did not win,
We have a lot of high reward campaigns going in our different groups make sure to show up on our twitter space on thursday to win a PORTAL NODE NFT.