AMA RECAP : CRYPTO CHALLENGERS x NETFLOWCOIN
Venue : CryptoChallengersD
Date : 26 JAN 2022
Time : 11:00 AM UTC.
Guest: Fredrick Bravey
They shared detailed information and his opinions about the project NETFLOWCOIN.
🔴 SEGMENT 1 INTRODUCTION
1. Could you please provide a quick self-introduction for the community?
Frederick B:
Hi Crypto Challengers community, my name is Frederick, I am the CMO at the NetFlowCoin Foundation, we have developed a layer one protocol designed to support web 3.0 and the metaverse
2.Can you briefly introduce the project NETFLOWCOIN what are some of utlities of $NFC ? How do you think you stand out among the competitors if there are any?
Frederick B:
Absolutely! The NetFlowCoin community is anyone interested in the development of Web 3.0.
NetFlowCoin’s goal is to build a brand new global network communication and application platform.
That is built and shared by producers/consumers through the integration of our SDN/SDVN technology, and blockchain technology, providing direct, simple, low-cost, high-performance basic communications services and various value-added service markets for enterprises, individuals, etc.
As for competitors, we have services within our platform that share similarities to companies like Filecoin, Helium, and Chia, but we offer an array of different services that actually compliment their platforms, rather than being viewed as a direct competitor.
3. Can you share the achievements the team has made so far ? what are the major achievement target NETFLOWCOIN is yet to achieve . If possible also share your roadmap.
Frederick B:
Our project was launched in Q4 2019, and after one year of work, the test network version 1.0 was launched in December 2020.
At present, we have just reached the goals of the test network phase, and made a major adjustment to the consensus and economic model based on the test results.
It is expected that the coding and testing of this part will be completed by the middle of February 2022
By the end of end of January, early February, NetFlowCoin will launch an IEO, meaning people can begin purchasing/trading the NFC token
We expect to launch the mainnet in March of 2022
4) Could you share a bit about security and also what benefits you provide as incentives to users choosing your platform?
Frederick B:
Yes, in fact our SDVN protocol has been used among numerous fortune 500 companies as a cyber security network that enables users to build an unlimited amount of layers of security when transferring data across the network.
NetFlowCoin is a combination of this network. It is almost an unbreakable network.
Incentives-wise, miners can mine NetFlowCoins by acting as either a witness node (witnessing/verifying transactions across the network), and/or acting as a traffic node. As a traffic node, the miner is generating traffic flow across the network.
For example, if a user wants to store/stream data on/from a miner’s device, they are generating traffic. The miner will be rewarded in NetFlowCoins.
5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
Frederick B:
We have a dual-coin model. Our counterpart coin is called FUL, and it is pegged to the dollar. We do this to control our inflation/deflation aspect, as, we need to ensure pricing across our network is not influenced by the influx of the NetFlowCoin token.
Our distribution model is as follows
There are 2.1 BN coins
Founding teams 5%
Project teams 15%
Investors 10%
Traffic mining 55%
Bandwidth mining 10%
80% of the tokens will be burnt
⚪ SEGMENT 2 TELEGRAM LIVE
Q1-Temitope Awoyinka:
🔥🔥What exchange can buy your token $NFC
Is it available yet on any dex or cex yet ?
🔥
Frederick B:
Currently we have not launched on an exchange, we will be joining an exchange within the next few weeks, we are currently in discussion with one of the top 10 exchanges to launch.
Q2-Edward Livingstone:
Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
Frederick B:
Partners of our layer one protocol SDVN, include companies such as Lenovo, Egreat, Orico, xiaomi, and beelink
Partners for NetFlowCoin include companies such as, izzbie, blube, metaspacescan, they are developers of NFC
Our team are constantly in discussion with individuals, large corporates, and DAPP developers. We already have over 100+ project currently under development.
Q3-Co:
✅✅✅can you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Frederick B:
Our network has achieved the 3 characteristics that define a true blockchain project, these are:
Decentralized - As, all the nodes within the network are distributed and decentralized.
Secure - Due to the SDVN virtual network, our user’ data is entirely safe
Scalable - The network can continue to expand and grow, accommodating new nodes into the network easily.
Q4-NFTmoon:
Where I can get the latest updates & more information about the project?
Frederick B:
Website (http://www.netflowcoin.io/)
Telegram (https://t.me/NetFlowCoinCommunity)
Twitter (https://twitter.com/NetFlowCoin_io).
Q5-1 MAN ARMY:
💬 HELLO SIR 💬
Do you have a whitepaper? if yes please share it with us and secondly are you working to AUDIT your project, to make its security more secure and reliable? ❤️❤️❤️
Frederick B:
This is a great question. Yes our project will be audited prior to our IEO in the coming weeks.
You can view our whitepaper here: https://www.netflowcoin.io/wp-content/uploads/2021/10/NFC-White-Paper-3.4.pdf
Q6-ALHAMDULILLAH 8:
'STAKING'' is one of the STRATEGIES to ATTRACT USERS and HOLD Them long term. Does your GREAT PROJECT have plan about Staking??
Frederick B:
Yes to become a witness node we use a POS consensus method. However, we also have a POVF consensus model (proof of valuable flow).
Due to our dual token model, over 80% of NFCs will be burnt, and that will only increase the NFC value over time
For anymore questions, you can direct them toward our NetFlowCoin community
Thank you for hosting me in your community.
We will be launching an IEO in the next few weeks, we will also be doing a discounted sale before the launch, so if anyone wants to buy the coin stay tuned on our socials.
Thanks again!
