AMA RECAP : CRYPTO CHALLENGERS x SHOEFY Venue : CRYPTO CHALLENGERS Date :15 SEPT 2021 Time : 04:00…

10 min readSep 18, 2021

AMA RECAP : CRYPTO CHALLENGERS x SHOEFY
Venue : CRYPTO CHALLENGERS
Date :15 SEPT 2021
Time : 04:00 PM UTC.

Guest : Michal
They shared detailed information and his opinions about the project SHOEFY.

🔴 SEGMENT 1 INTRODUCTION

1. Could you Guys please provide a quick self-introduction for the community?

Michal | CMO of ShoeFy:
The project is led by a team of experienced blockchain venture capitalists, creative NFT developers, and top-tier marketing experts spanning from Europe to Canada and onto South Korea & Thailand in SE Asia. Our team members share common goals and foresee a huge opportunity in the NFT and DeFi market space. In terms of their backgrounds, some of them are founders of creditable VC firms and also marketing experts. Other members have experience in reputable crypto projects and exchanges. Also, we have boarded a tech team of superior talent building our platform.

ShoeFy is an innovative decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). It is a futuristic NFT project that utilizes cutting-edge DeFi tools to maximize returns. ShoeFy can amplify the NFTs potential by including both farming and staking to generate passive income.

2.Can you briefly introduce the project ShoeFy what are some of utlities of $SHOE ? How do you think you stand out among the competitors if there are any?

Michal | CMO of ShoeFy:
Shoefy is one of the early adopters realizing that the NFT and FT combination will provide greater utility and innovation. There are very limited platforms in the market as of now. Shoefy has a vast potential to scale and expand, integration to metaverse, and gamification. Its innovative and contemporary approach of combining the NFT and FT, provides the opportunity to earn passive income whilst enjoying the collections. Like play to earn is taking the storm, collecting NFT and earning will be the next thing. And shoefy will be pioneering in this space.

$SHOE token will be utilized as the native token to add Utility to NFT via staking, farming and LP which generates the passive income.
$SHOE token will be used for the Governance, DAO.
$SHOE will also be used as the entry ticket to the ShoeVerse (metaverse of shoefy platform) and at the later stage for incentivizing in the play to earn game such as shoe battles, shoe contests and shoe fashion show.
$SHOE will be used as the SWAP fee for the NFT SWAP.
$SHOE token is required to be paid for minting/farming new shoe NFT in the shoeFy platform.

Just to summarise, ShoeFy will have two tokens namely, $SHOE(ERC-20), the native Fungible Token and sNFTs (ERC-721) which are randomly generated on-chain. Each NFT is an algorithmically programmed unique digital pair of shoes on the platform.

Done

3. Can you share the achievements the team has made so far ? what are the major achievement target ShoeFy is yet to achieve . If possible also share your roadmap.

Michal | CMO of ShoeFy:
We are in the phase one stage of development where early staking of fungible tokens is completed, NFT staking pools are being implemented and the NFT randomization , algorithm generations are in progress. Beta test net is expected to be ready in the next 3 week.

So far we have partnered with very reputable names like DuckDao, ExNetwork, BMW Capital, Gains Associates, OxBull and many more to be announced over the coming weeks. These firms have invested in ShoeFy and are also contributing to ShoeFy’s marketing and exposure to wider audiences across the world. With the amazing product we are developing and these big names backing the project, we are confident that ShoeFy can penetrate the market real hard.

Let me also share the roadmap with you :

4) Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?

Michal | CMO of ShoeFy:
Security is our top priority, therefore we are going to be using a reputable third party audit firm to audit our smart contracts before we launch our product. We have made it a vital requirement to pass all the rigorous assessments of third party auditors, and ShoeFy will not launch unless we pass the audit.

In regards to the incentives, it comes down to our unique selling points of bringing revolutionary innovation to NFTs, where we are merging the utility of DeFi with collectibles; NFTs. This has not yet been seen in any other NFT projects are we are proud to be the first ones to introduce it to the market, hence that is why we emphasise the security and reliability of our platform.

5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution

Michal | CMO of ShoeFy:
There are 10,000 unique sNFTs which are programmatically generated on blockchain with different degrees/attributes of rarity in their characteristics. It is stored in the ERC-721 token standard on Ethereum blockchain ecosystem. $SHOE is the native token of ShoeFy platform. It is an ERC-20 standard token which has a maximum supply of 100,000,000 $SHOE.

🟡 SEGMENT2 TWITTER QUESTIONS.

Q1) Where can I get ShoeFy NFT? Is it available in external markets like Opensea? And how can I take part in staking?

Michal | CMO of ShoeFy:
The ShoeFy NFT can either be minted in our ShoeFy platform or purchased in a third party platform like opensea. To take part in the staking, after minting the sNFT, you can stake your sNFTs in our shoefy staking platform where we have different staking pools for sNFTs. Also, you can stake your $SHOE tokens in the $SHOE pool and earn $SHOE. All of these combined are providing great methods for generating passive income with your NFTs, something that has yet not been seen in the NFT world.

Q2) 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?

Michal | CMO of ShoeFy:
First thing, we have the sNFT staking feature in our platform. The current trend of NFTs is just buy-hold and sell. ShoeFy is here to let the users put the NFTs to work by staking and then earning passive income.

Secondly, ShoeFy have a scheme where, the first user to mint the sNFT receives subsequent royalty rewards after if he sells it in the secondary market, the user will be rewarded with royalties every time the sNFT is being traded in the future. ShoeFy appreciates its early supporters.

Thirdly, we have the LP boosters called bNFTs. So if you purchase these LP boosters, it will multiply your staking rewards by 1.2x, 1.5x or 2x and more depending on the type of boosters you purchased.

If we talk about all our future plans, they all deserved to be mentioned as killer features but for now lets keep it to these 3.

Q3) What is the long term vision of the project to attract users from space outside from crypto?

Michal | CMO of ShoeFy:
We have a long term vision of making ShoeFy adopted by existing hypebeasts & sneakerheads by introducing them to the digital fashion world, which will sooner or later take over the popularity of the existing one. We understand that some of the hypebeasts or fashion gurus are not fluent with using metamask, therefore our marketing campaign targeted at the outside of crypto fashion enthusiasts strongly considers the learning curve of adopting NFTs and crypto in general.

To aid this learning curve, we are having a series of introductory tutorials filmed by our experienced team to provide clarity for newcomers on how they can use metamask, opensea, sNFT minting and other activities which they might not be familiar with. We are going to be collaborating with some top tier fashion media outlets when we get to the stage of promoting ShoeFy to existing sneaker heads. (we still can't believe they have accepted to work with us! Since we can't disclose who they are, please stay tuned for the final announcement in our Telegram channels!)

We have taken weeks to plan this stage of the campaign, and are confident to say that it will introduce a lot of new sneaker enthusiasts to the NFT and digital fashion space.

Q4) 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 your strategy to attract new users and Investor to Your platform and keep them long term?

Michal | CMO of ShoeFy:
Strong partnerships, synergy and momentum is what will keep us moving. We keep maintaining our communication and interaction with our community very strongly which helps a lot in engaging our supporters for the growth of our project.We will keep innovating features in our platform and demonstrate real progress and obviously offer attractive rewards programs until the platform goes live. 😉

Q5) What is the most ambitious goal of your ShoeFy project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market?

Michal | CMO of ShoeFy:
Our most ambitious goal is to become a global brand in digital attires. We will not just be limited to digital shoes, but we’ll venture into other digital wearable items. And later as we expand we will be partnering with established global brands and dive into the marchandise aswell. But for now in the near future we are specifically focusing on developing the best digital shoes which are also wearable in the metaverse. ShoeFy will have its own shoeverse in which we have ShoeFy play to earn games.

Our ultimate vision is to upgrade the current status of NFT market with different innovative ideas and also by bringing the power of NFT and DeFi together to give users the best ROI in the cryptocurrency market.

You can keep track of us with all our updates from the links below.

🚀 Website: https://www.shoefy.io/

🚀 Twitter: https://twitter.com/ShoeFyio?s=20

🚀 Telegram Official Chat: https://t.me/ShoeFy_Official

🚀 Telegram Official Announcement: https://t.me/ShoeFy_Official_Announcements

🚀 Medium: https://medium.com/@ShoeFy

🚀 Reddit: https://www.reddit.com/r/ShoeFy/

🚀 Discord: https://discord.com/invite/vWrsyaw7hB

Also, before we dive into the next stage of the Live questions, I would like to take the time and mention that we have successfully raised $1m+ in our Seed Round and Private round 1. We have closed a very reputable and noteworthy US based venture capital firm which we cannot disclose at this time. But we see their contribution being very impactful for ShoeFy, same as the positive impact with all of our other strategic partners.

We are now opening our Private round 2 where we are going to be accepting more investors to come on board with our vision. The form to apply for a our Private Round 2 can be found on our website : https://www.shoefy.io/.

🟢 SEGMENT 3 TELEGRAM LIVE

Q1-Vulejabo:
How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?

Michal | CMO of ShoeFy:
Thank you for your question Vulejabo, everybody can stay updated with the ShoeFy content on our platforms listed below! We are building an amazing community, and we acknowledge that everybody likes to network. We will be introducing national chats in our Discord community which you can join using the link below 😉💯

🚀 Website: https://www.shoefy.io/
🚀 Twitter: https://twitter.com/ShoeFyio
🚀 Telegram Official group: https://t.me/ShoeFy_Official
🚀 Telegram Official Announcement Channel: https://t.me/ShoeFy_Official_Announcements
🚀 Medium: https://medium.com/@ShoeFy
🚀 Discord: https://discord.com/invite/n3zbkzC4

Q2- Long Nữ💕:
What’s your main focus right now, are you focused on the community or market/Exchange or the products?

Michal | CMO of ShoeFy:
We are focusing on all parts of the projects development, making sure no part is being left behind and ensuring we stay up to date with our roadmap! You can view the our roadmap on our website : https://www.shoefy.io/ and keep updated with everything we are currently working on in our announcements channel! https://t.me/ShoeFy_Official_Announcements 🚀

Q3- MadiKenMANSS:
Where can I currently buy Token?

Michal | CMO of ShoeFy:
🚨 Our token is launching in October! 🚨

⚠️Please be cautious, we currently dont have any trading $Shoe token available for purchase at this moment ⚠️

We are going to be having our IDO with very reputable launchpads, I do not want to give away too much, but just so I dont leave all of you hanging here is the hint : 🐣📈🚀!

😉😉

Q4-Abhishek. Sravi:
Is it not it will be the wrong decision to launch the project in this bear market? Every coin going down whether good or bad. How do you see this?

Michal | CMO of ShoeFy:
It is actually the perfect time to launch the project! 💯🚀

The market has been recovering over the last few weeks and with bitcoin well over 40k and so many Alt coins showing strength more than everbefore, all of them are on a trajectory to surpass their All Time Highs! Also with the current hype in the NFTs growing ever more, it is the best time to launch our project.

🔜100x!🚀

I would like to remind everyone to come and join our socials using the links below! We have alot in the pipeline, and you surely dont want to miss it!

Q5-

Michal | CMO of ShoeFy:
Our token price will be $0.5 in IDO. Our project has two tokens. We have the fungible token $SHOE, an ERC 20 token which will be used as the native currency on our platform for transactions, farming, governance and many more. And we have the non-fungible token sNFT an ERC 721 standard. So we are different from other projects in that aspect coz we are a combination of NFT + FT which is our winning formula. We will announce the places you can buy our tokens from. So do stay updated from all the links we just sent.

Absolute pleasure for being able to introduce everyone to ShoeFy!

Thank you for your interest in ShoeFy. We have worked very hard to bring this innovative idea to life and we are very excited to launch soon. Also, we have many great partnerships/events/announcements prepared, and they are ready to be disclosed closer to the launch. Hope our excitement could be shared to all the members here, and wishmany of you could ride on this journey and become a part of ShoeFy.
I know a lot of you didn't get your questions answered, so please join ShoeFy's channels to continue this great momentum and we can assure you will receive an answer to all of your questions 😉
🚀 Website: https://www.shoefy.io/
🚀 Twitter: https://twitter.com/ShoeFyio
🚀 Telegram Official group: https://t.me/ShoeFy_Official
🚀 Telegram Official Announcement Channel: https://t.me/ShoeFy_Official_Announcements
🚀 Medium: https://medium.com/@ShoeFy
🚀 Discord: https://discord.com/invite/n3zbkzC4

Written by CRYPTO CHALLENGERS