AMA RECAP : CRYPTO CHALLENGERS x PALMAREVenue : CryptoChallengersDDate : 17 JULY 2022Time : 04:00 PM UTC.

Guest: Team
They shared detailed information and his opinions about the project PALMARE

SEGMENT 1 INTRODUCTION.

1.Could you please introduce yourself to the community

Jacky Lous — Palmare | COO — Palmare,
I am Jacky Lous — COO of Palmare project — the sportfi and socialfi project for community

2. What is Palmare Project?

About Palmare

Palmare is a Community-driven Web3 Sports App with an inbuilt SocialFi and SportFi element.
In Palmare, each user profile is a token itself. Users create a profile on the app, for which they will mint an ID’d profile NFT. This NFT controls the profile, and thus, its owner becomes the controller of the given profile.

3. How does it work?

Our socialFi and SportFi are the Points. We focus on Sport Community and each sport we create a rule and rewards when Users reach targets in their sport (And other features coming soon). SocialFi is other special key that we want to build an unique NFT for each user then they can also contribute their profile, their achievements and their brand names when they become a leader or influencer in their sport or community … So the differences that you can see from other projects are our Social network systems that everyone can earn by their real abilities and interact in social network.

4. Why do you choose Public Sale instead of Raising fund from Seed round?

Because we aim to spread out for community, that we dont want any VCs or Big Fund to control the price and dominance our token. We want any holders of Pal have their own value for that

SEGMENT 2 TWITTER QUESTIONS.

1. I read that users are able to monetize their contents by minting their POSTS into NFTs. Can you tell us more about this? What are the requirements for a certain post to be minted? Can everybody do this with their own post or does it require minimum interactions to be minted?

For this question we can say that our app will have these features like posting the status and interact with other post — and everyone can join and earn but there will be requirement

2. Could you tell us a little about the “your token” that is used by you in your ecosystem, i.e

We have 2 type of token PAS and PAL:
- PAS token will act as reward and in-game currency in all sports and social engagement. Revenue from marketplace and advertising will be add to reward liquidity
- PAL token is governance token of Palmare platform, user can use PAL to buy Training NFT to earn PAS, vote to change platform fee or add new sports to system. Enterprise want to create advertising or events on platform need to buy PAL too.
The benefit of token holders:
- Holders will get 100% marketplace fee as yield reward
- Holders get governance power which can vote and decide platform fee or propose new sports to platform
- Holders can get special perks and features in platform

3. Palmare is a community driven #Web3 sports app with #SocialFi and #SportFi elements built in. So the community is the fundamental pillar for your platform. Does that mean you will also hear suggestions from members of your community? How will you build a strong community?

To avoid the downfall of crypto project, we need to focus on real revenue of the platform, not the money from new user or the hype of project. We limit and burn nft supply in the beginning so the token emissions will slow down and then use the real revenue to burn token to maintain price. Token price will be maintained balance to remove entry cost for new users.

4. In Palmare,each user profile is a token itself. Users will be able to create a profile on the app. So How can we create a profile? Do we need to mint for an ID’d profile NFT? If yes, How can we purchase a profile NFT? Can we use BUSD in this regard?Thus the profile to be created?

Yes you can use any way to buy your nft, but we encourage using PAL to buy and exchange to have the best fee for everything. You can create profile in our app and edit to be unique and special features, and your nft and profile can become high value that you can sell it or earn from it ….

5. “Start by purchasing your NFT gear”
So where can we get NFT Gear?
And does your platform use PAS tokens for any transaction fees?
Can we use BNB or other stablecoins like USDT/BUSD and do we have to pay to access the PALMARE app?

You can use BUSD to buy our token in public sales round and own PAL token to do anything in our platform and ecosystem.
Pas token just only use in App activities, mostly we use PAL for best performance and best fee for all users

SEGMENT 3 TELEGRAM LIVE.

Q1-Ifueko Osarumwense,
As an investor, one of my biggest concerns is the devaluation of my investments, I know very well that there are always risks involved in investing, but will PALMARE ensure that her project will always be looking for ways to protect the investments of its users?

[In reply to Ifueko Osarumwense]
As you can see, the problem of hacking cheats is rampant in gamefi products. Users can use bots or interfere with invalid tools. But our product is built on a different tokenomic. Trainers in addition to training to earn must also post their training results on SocialFi to be eligabled, and the community will have the right to vote to report when suspected of cheating here. The community will decide who are the winners.

Q2-Diran Abudu,
Will your project have a buy back and burning system which increase token value? Or how do you plan to maintain balance for your token price to become one of the best currencies?

[In reply to Diran Abudu]
yes we have buy back and burn system.
To avoid the downfall of crypto project, we need to focus on real revenue of the platform, not the money from new user or the hype of project. We limit and burn nft supply in the beginning so the token emissions will slow down and then use the real revenue to burn token to maintain price. Token price will be maintained balance to remove entry cost for new users.

Q3-𝞐𝙇𝙇𝞝𝞟🕊️⃟࿐,
Partners are very important for every project today, may I know which partners you have now? and which partners in the future you will be heading to?

[In reply to 𝞐𝙇𝙇𝞝𝞟🕊️⃟࿐]
We are now having a big connection with Valuable and Large Partners like HUOBI GLOBAL, OKX, DIGIFINEX, PROBIT GLOBAL, APESWAP, BURGER CITY, and MDEX … These are all our strategic partners and we have a long-term collaboration that which community can believe in.

Q4-Namit,
I see that Palmare had a partnership with HuobiGlobal. We know Huobi is a pretty big exchange platform. However, I want to know what is your reason for partnering with Huobi, what do you expect from this partnership? In the future will Palmare partner with other major platforms?chal

[In reply to Namit]
Thank you for your information, we have some big partner and one of them is huobi global. Of course we have plan to list and marketing on their platform also we can have many things to do that you can see our connection and partnership

Q5-𝙁𝙞, 𝙁𝙞𝙚, 𝙁𝙤, 𝙁𝙪𝙢!,
🙋‍♀️🙋‍♀️𝗜𝗳 𝗜 𝗮𝗺 𝗮 𝘀𝗼𝗰𝗶𝗮𝗹 𝗶𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗲𝗿, 𝗖𝗮𝗻 𝗜 𝗲𝗮𝗿𝗻 𝗳𝗿𝗼𝗺 𝗣𝗮𝗹𝗺𝗮𝗿𝗲 𝗱𝗼𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝘀𝘁𝘂𝗳𝗳 𝗜 𝗱𝗼 𝗶𝗻 𝘁𝘄𝗶𝘁𝘁𝗲𝗿, 𝗙𝗮𝗰𝗲𝗯𝗼𝗼𝗸, 𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺? 𝗗𝗼 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝗹𝗶𝗸𝗲 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 𝗽𝗼𝘀𝘁 𝗺𝗲𝘁𝗵𝗼𝗱𝘀 𝘁𝗵𝗮𝘁 𝗰𝗮𝗻 𝗺𝗮𝗸𝗲 𝗮 𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝗮𝗺𝗼𝘂𝗻𝘁 𝗼𝗳 𝗽𝗿𝗼𝗳𝗶𝘁𝘀?

[In reply to 𝙁𝙞, 𝙁𝙞𝙚, 𝙁𝙤, 𝙁𝙪𝙢!]
Yes of course, we not only need kols but everyone can join and earn if you have great content and attract people to interact with you, so that socialfi and our social network can be more special than others