aiRight x IM community AMA RECAP
🐋TELEGRAM AMA: Im Community & aiRight 🐋
⏰ AMA Timing : 09 January 2022 l 12:00 PM UTC l 19:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
➡️ The reward pool for the best 5 questions from Telegram is $50($10 Each) 💸
➡️ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) 💸
Bà Tân | : Welcome @ScienceDefi & @RPMoBoosted, @samathaperry, @brokentymr from aiRight ���
Bà Tân | : Welcome everyone. Today Im Community will host AMA with aiRight.
Bà Tân | : Today our guest is: @ScienceDefi & @RPMoBoosted, @samathaperry, @brokentymr from aiRight.
Ahrix : Welcome @ScienceDefi & @RPMoBoosted, @samathaperry, @brokentymr to the IM community.
Tyree @ aiRight X Oraichain : Thanks for having us over this morning!
MoBoosted ������♂️(Won’t DM First) : Thanks for having us over
Bà Tân | : Please introduce yourself a bit @ScienceDefi & @RPMoBoosted, @samathaperry, @brokentymr ���
Tyree @ aiRight X Oraichain : My name is Tyree Robinson. I am Chief Strategy Officer of aiRight. Been working on the project for about a year now. Launched Q3 last year and looking forward to an explozive 2022.
Tyree @ aiRight X Oraichain : https://t.me/airight_io
MoBoosted ������♂️(Won’t DM First) : I am Mohammed, I represent DCRC Racing, RaceX and Wen Lambo. I am from Johannesburg South Africa, I currently head up a Software development consultancy and a Wireless ISP. We are currently in development with the DCRC Race Engine that will be used on RaceX on the Avalanche Blockchain and on the Wen Lambo project on Oraichain.
Thank you for translating ��� @AhrizVN
Tyree @ aiRight X Oraichain : Our core team for aiRight is primarily based in Ha Noi!
Tyree @ aiRight X Oraichain : We are a part of Oraichain, founded by Dr. Chung Dao in 2020. aiRight is our native NFT platform.
Ahrix : Wow, amazing
Tyree @ aiRight X Oraichain : We’re very excited to share some of our upcoming developments with your community. Especially our race2earn game Wen Lambo.
Bà Tân | : Thanks for the intro from the aiRight team.
Tyree @ aiRight X Oraichain :
Linh | ORAI — Will never DM you first : thank you for inviting me here today. I’m Linh Phan, Head of Business Development of aiRight.
Bà Tân | : Today’s AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1479648902295228420) (will choose 5 question)
Bà Tân | : Session 3: Free Asking (will choose 5 question)
Bà Tân | : Start session 1 AMA.
Bà Tân | : Question1. Can you briefly describe what is aiRight ? We would like to know more about it and how it works.
Tyree @ aiRight X Oraichain : Yes!
aiRight is a complete system for NFT management built on our native network, Oraichain mainnet. We launched Q3 2021 and spent the first six months setting the foundation for a flexible, cross-chain, AI enhanced NFT X DeFi platform.
For those who aren’t familiar with Oraichain, it is the first Layer 1 network built for AI dApps and the integration of machine learning via AI Oracle. $ORAI is the primary token of our ecosystem and needed for all network interactions.
For DEXs: $ORAI is readily available on PancakeSwap and Uniswap.
For CEX: KuCoin supports all forms of $ORAI for deposit and withdrawal. This means ERC20, BEP20 and native.
The realization of Oraichain’s potential to bridge the gap between AI and blockchain for real world use cases is only beginning to come into focus: AI enabled Layer 1 with high interoperability, Layer 2 solutions, verifiable and trustless AI execution, decentralized data & AI platform and standardized protocols for high applicability.
In short, the stage is set for a mainnet populated with a new generation of machine learning enhanced dApps. aiRight is only the first of many AI enhanced dApps to be released in the coming years.
The primary use of machine learning on aiRight is our NFT authentication functionality.
Our data crawler compiles an index of NFTs from multiple networks to create a database by which originality can be measured.
Each NFT in the database is labeled via Oraichain’s Data Hub to identify its unique features. This is accomplished through both crowdsourced and AI-assisted annotation.
When a new NFT is minted, it is compared against this database to identify potential plagiarism. Each NFT receives a similarity score with the ultimate goal of only allowing original work to be minted as a non- fungible asset.
Ahrix : Please say “Done” when you have finished the question, thank you.���
Tyree @ aiRight X Oraichain : Done!
Bà Tân | : Question2. What are the products that the aiRight team focuses on developing?
Tyree @ aiRight X Oraichain : As we move towards completion of all core functionalities for aiRight, 2022 is going to be a very busy year for our team.
Here is an overview of our 2022 Roadmap!
��� Q1: New Tokenomics and More open Gateway to access aiRight platform
- New Tokenomics
- NFT Staking Program
- Fiat payment integration
- Discord Member verification bot for Private NFT Communities
- AIRI on Oraichain mainnet supported by ORAIDEX
- 3D galleries functionality
��� Q2: Improving the authenticity verification protocols and providing features to support Wen Lambo on Mainnet
- NFT audit service
- Content authenticity verification
- Wen Lambo on Mainnet Launch
- NFT Rentals Feature
- Listing on CEX
- Mass NFT minting
- Mystery Box NFT Infrastructure
��� Q3: Launchpad for artists with fully supports
- Crowdsourced fundraising or NFT launchpad for artists
- Generative Engine For Artists
- NFT bridge completion
- Integrating originality protection for other NFT projects
- Generative models for metaverses
- DeFi for new artists
- Composition tools integration
��� Q4: aiRight Mobile app and scaling up to be an all-in-one cross-chain NFT management platform
- Shophouse/3d gallery on other metaverses
- aiRight mobile app
- Cross-chain platform and apply Oraichain Protocols to NFTs on other chains.
In the short term, we are most excited about our partnership with DCRC RaceX and the upcoming game Wen Lambo. @RPMoBoosted is doing a great job with their current development on the Avalanche network. It was so exciting that we had to bring him over to Oraichain mainnet and aiRight!
DCRC is currently building the first race2earn metaverse game on AVAX. This game features a play-to-earn ecosystem with highly customizable vehicles and multiple race modes tying the real and virtual world together for a true metaverse experience.
Minting for NFCars is ongoing for their game on Avalanche, you can read more about it here: https://racex.tech/
DCRC is the game studio behind Wen Lambo on Oraichain mainnet, which is slated for release Q2 this year. Early presale for aiKeys is currently open on Oraichain mainnet for ~$100 each in native $ORAI.
To participate in the early presale round, please follow directions here: https://blog.airight.io/1-day-left-to-wen-lambo-aikey-presale-the-details-and-guideline-9f46ad2f2e4e
MoBoosted ������♂️(Won’t DM First) : Thanks @brokentymr appreciate your kind words sir.
Appreciate all your work @RPMoBoosted
The next round of presale for Wen Lambo will take place on Feb 9, 2022. The sale will be in BNB, AIRI and fiat via CC for around ~$200 Value (1500 Available).
No matter which payment method you choose, you will receive your NFT on Oraichain mainnet.
Bà Tân | : Question3. What are the outstanding features of the Wen Lambo compared to other projects?
Tyree @ aiRight X Oraichain : We are truly working towards a unique game environment for Wen Lambo. Not pay to earn, but truly play to earn.
@RPMoBoosted Will you share a couple of the current cars you’ve released for DCRC on AVAX?
MoBoosted ������♂️(Won’t DM First) : Sure
Tyree @ aiRight X Oraichain : Wen Lambo will be a racing simulation game that allows users to collect vehicles, customize aesthetics, enhance performance through fine-tuned modifications and put their cars to the test in multiple race modes.
Early participants will have the opportunity to collect “new” cars via presale events. These vehicles are inherently high performance and can be upgraded further and modified to further enhance specific factors such as handling, braking and acceleration.
Players who join in the public sale will have access to “used” cars. These vehicles will require restoration and customization in order to compete on a high level, but ultimately the control is in the owner’s hands.
There are two primary ways to improve your vehicle’s performance: vehicle modifications and practice.
Players will be required to actively participate in practice and race modes in order to earn experience points (XP) and unlock vehicle mods at floor prices. New and upgraded elements can be purchased in the parts store and added to cars in each user’s garage.
Players can also choose to resell their parts on the secondary market, allowing other users the chance to purchase parts kits without earning XP. Performance modifications include:
-Tires and Wheels
-Intake and Filters
-Shocks and Stabilizers
MoBoosted ������♂️(Won’t DM First) :
MoBoosted ������♂️(Won’t DM First) : These are just a few examples, there are a total of 10000 cars at the moment. 101 Body styles, multiple wheel and color configurations. No 2 are exactly the same. These were all individually rendered not using any type of generative algorithms.
MoBoosted ������♂️(Won’t DM First) : this is a labour of love project.
Tyree @ aiRight X Oraichain : Beyond vehicle improvements, users can also earn XP to inmprove their driver skill and unlock performance enhancing mods in our races.
Collectors will have a number of ways to practice, compete and earn in Wen Lambo. While some race modes will require a wager or entry fee in $AIRI token, there are options for everyone’s risk appetite.
-Practice Mode: Improve driver skill level, beat your best time, earn XP and prepare for upcoming competitions in no-risk practice.
-Challenge Mode: Place a wager and challenge other players to a one-on-one, the winner takes all races.
Group Races: All racers pay an entry fee, the prize pool is rewarded based on standings. Reach the podium and earn big.
-DeFi Season Mode: This is a no-loss season mode that allows users to deposit LP tokens into a 30 day locked vault, generating rewards for the prize pool. At the end of each season, users can withdraw their LP tokens and earnings.
Bà Tân | : Question4. What are the benefits of owning aiKey NFT?
Tyree @ aiRight X Oraichain :
���All aiKey holders will receive new vehicles via airdrop (Q1 2022)
���aiKey holders will have a performance boost
���New vehicles will not require restoration
SCIENCE & DEFI / will never DM first : D
Tyree @ aiRight X Oraichain : Keys will only be available at this early presale price until the first round sells out. We have about 150 aiKeys remaining.
After that we will move towards the second round of presales where the floor price will be increased significantly.
MoBoosted ������♂️(Won’t DM First) : And I am sure there will be a host of other benefits to holding a key going forward, just as we have done with RaceX. For example, you get up to 25% discounts minting additional cars if you hold Keys and RaceX
I am sure some of these benefits will apply to Wen Lambo as well going forward
Hey dude, nice to have you here
Tyree @ aiRight X Oraichain : That is the plan! Especialy looking for as many ways as possible to continue to bring value back to the OG RaceX and NFCar holders. Early adopters should get some great benefits of this ecosytem as it grows!
We will also be expanding beyond our native games once we aunch to ensure the vehicles are available to use in other popular metaverses. We are currently partners with Fomo Lab and Netvrk, both of whom have great metaverse projects in the works.
Bà Tân | : Question5. How can players earn revenue from Wen Lambo?
Tyree @ aiRight X Oraichain : First off, users can earn revenue in our Race Modes:
Challenge mode: “High Risk”. You could win the whole pot or lose the whole pot, so it’s important to evaluate your risk tolerance and the match-up with your competitor before making/accepting a challenge.
Group mode: “Medium Risk”. The rewards pool here is distributed amongst participants based on standings.
DeFi Season Mode: “Low Risk”. AIRI and LP tokens are deposited into a 30 Day locked vault, utilizing existing farming vaults to generate rewards for the pool. All participants are guaranteed to earn some passive yield from playing, but top winners have the opportunity to win big.
We also have some “free” modes that will only require vehicle ownership/rental to earn XP and unlock customization kits.
Practice Mode: Practice mode is used to increase driver skill and unlock XP through hands on driving experiences. This XP can be used to unlock and claim car customization kits which can be resold on the secondary market.
Formula E: All holders of Formula E cars will have the opportunity to participate in free races. The winner of these races will receive a free vehicle. The cars won here will still require restoration and upgrades in order to compete on a high level.
Besides playing the game, there are some awesome opportunities to earn revenue including:
NFT Staking: Stake your NFTs to earn APY in AIRI token.
Marketplace Opportunities: Car owners will have the opportunity to earn from buying and reselling their vehicles on the secondary market. Vehicles that have been upgraded through unlocked parts and customization kits will have added value, so users can create their own strategy and businesses in this ecosystem.
^^^^Parts and customization kits unlocked are also issued and claimed as NFTs. This is an opportunity for new buyers to purchase upgrades from players who have earned them, short cutting the time consuming process of earning XP to unlock customizations of their own. This is another opportunity for users to establish their own business model in this game.
Most exciting is our coming NFT Rental Marketplace:
After the game is launched, we will also offer an NFT rental marketplace, giving users a low cost opportunity to borrow vehicles for races safely to participate in races. This is also a great opportunity for vehicle owners to earn revenue from the vehicles they have purchased and customized without losing custody permanently.
We plan to have the game complete in Q2 with all the features mentioned here today. We are excited to invite everyone here to participate!
Bà Tân | : End of session 1
Bà Tân | : Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1479648902295228420) (will choose 5 question)
Tyree @ aiRight X Oraichain :
This is the first of many AMAs on our TG press tour. Thank you for having us and letting us share our very big project with you!
MoBoosted ������♂️(Won’t DM First) : Yeah we really appreciate the oppotunity
Bà Tân | : Question1. The NFTs market is filled with counterfeits/fake products which has posed a major threat to the development of NFTs, how is aiRight NFTs addressing this issue? Is there a way to validate the authenticity of assets I want to purchase?
Tyree @ aiRight X Oraichain : Great.
This is central to our mission at aiRight. By directly integrating our AI Oracle for NFT authentication, we are able to identify fraud and plagiarism before minting and prevent this fakes from ever appearing on our marketplace. Our database covers more than Oraichain mainnet, but covers all of our supported networks including ETH and BSC where most NFTs are minted now.
In addition to this, we are also developing our NFT audit product which will allow any NFT owner on any chain to check the authenticity of the asset they are interested in before purchasing, verify the “token heath” and flag any potential price inflation.
This is a much needed service for all potential NFT Buyers.
Bà Tân | : Question2. Nobody can guarantee the security of Smart contract. But Audit play an important role to find out the known bugs of smart contract. Can you tell us describe how strong is your security ? Have you done an audit by any third party ?
Tyree @ aiRight X Oraichain : Yes, At Oraichain and aiRight we take security very seriously.
Tyree @ aiRight X Oraichain : Our network, Oraichain mainnet, has been audited by Halborn Security, one of the top (and fastest growing) blockchain security platforms in the world.
We will continue to prioritize safety for our creators & collectors and audit our products as appropriate.
Bà Tân | : Question3. Though the NFT space has continue to experience a tremendous increase in size and volume, unfortunately, NFT holders still couldn’t earn passive income through their NFTs and this has remain a major pain points which needs to be addressed. How does aiRight intend to solve this?
Tyree @ aiRight X Oraichain : I answered this a bit earlier, but will include some details here as well.
We have a number of plans to make this happen including:
1. NFT Staking to earn passive income from Commerce interactions with verified collections
2. NFT Rentals: For Wen Lambo this will be very important as it will offer a low cost option for players while providing income for NFT owners.
We will also creating a custom Discord Bot for Private Access to Fan Clubs: Soon we will have the functionality to give NFT owners experiential benefits to a number of Celebrity creators. These NFTs will also be able to be used for NFT rentals, another opportunity for passive income.
3. We currently have Tokenized Galleries: Turn your collection of non-fungible assets into fungible assets, allowing gallery tokens to be traded on the open market and grow in value over time.
At the end of the year, we will also be exploring distribution for video content specifically via OTT platform that will provide revenue via streaming service. This will promote NFT ownership and bring quality, consumable content to users.
Bà Tân | : Question4. If we want to stake and farm “aiRight’ , how will the profit be calculated? and will “aiRight’ cooperate with DEX AMMs from other projects such as Pancakeswap?
Tyree @ aiRight X Oraichain : Yes, so $AIRI is the governance token of the aiRight ecosystem
$ORAI is needed for all transactions on our mainnet.
There are farming opportunities for both!
$AIRI token is currently available on PancakeSwap.
We have single sided staking on our farming page ~50% APY and AIRI/BNB LP farming ~150% APY.
$ORAI token has a number of staking opportunities as well:
-ORAI/BNB LP ~70% APY
-Single Sided Stake for ORAI ~15% APY
-Delegate to ORAI on mainnet for ~29% APY
As I mentioned before, we will also have NFT staking available for all verified collections soon. Please join our official page for announcement. https://t.me/airight_io
Bà Tân | : Question5.I play another P2E game that runs on BSC, the gas fee especially for renting is a nightmare when the token price goes down. Will we have many tasks on-chain that require a gas fee?
Tyree @ aiRight X Oraichain : Gas fees on Oraichain mainnet are nearly non-existent. Less than $.00001 USD.
This should remove any possibility of gas fees playing a role in the play-to-earn model for Wen Lambo and any future games on Oraichain mainnet.
MoBoosted ������♂️(Won’t DM First) : Some really good questions there Tyree. I think you summed it up pretty well.
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @RPMoBoosted & @brokentymr ���
Bà Tân | : End of session 2
Bà Tân | : We’ll move on to session 3
Bà Tân | : Session 3: Free Asking (will choose 5 question)
Tyree @ aiRight X Oraichain : Thanks. Now for the flood of questions in the open round
Bà Tân | : Don’t forget to join the group https://t.me/airight_io
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : Now let’s give our dear guest @RPMoBoosted & @brokentymr some time to go through them.
Tyree @ aiRight X Oraichain : That was fast ���
Bà Tân | : @RPMoBoosted & @brokentymr Please choose the best 5 questions and answer it for session 3, Thank you.
Q1. Who participate in the public-sale event and holding the token for long term, how will these early investors benefit greatly from the project?
Tyree @ aiRight X Oraichain : AIRI token was fairlaunched and there was no presale event. We worked as hard as we can to ensure an equitable opportunity fo all investors! We currently have 5.5K AIRI holders on BSC and will soon add support for the token on Oraichain mainnet.
Q2. Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Tyree @ aiRight X Oraichain : We are very focused on onboarding real world collectors and fans into the NFT space on aiRight. We are doing this in a couple of ways:
-Buying NFTs in fiat and receive NFT to your corresponding Oraichain wallet address
-Partnerships with household names: We have some great partnerships that are coming up including 3X MLB all Star Bret Boone
-Working towards experiential benefits for NFTs, including classes/tutorials, fan clubs, evwent ticketing and more
-Blockchain gaming is for everyone, not just elite investors. This is the reason that we focus on NFT rentals, to allow for low cost options to engage with the platform and our growing community.
Q3. What is the structure of this project , is it decentralised or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?
Tyree @ aiRight X Oraichain : Right now, the core Oraichain team is directly responsible for all developments of aiRight. Along with our partners, we are excited to build a great ecosystem for NFTs and Blockchain games.
In the future, AIRI will be used as a governance token and we will move to a more decentralized model, where the community can contribute directly to the projects growth.
Q4. Can the FEATURES contained in “ aiRight’ make a difference and an advantage over your competitor’s platforms? if so, name some of the aiRight of choosing “ aiRight’. have plans to develop a cross-chain to function in BSC?
Linh | ORAI — Will never DM you firstThe unique points of aiRight make it outstanding over other NFT platforms are
1/ The Copyright protection and management: No Fake or copied illegally NFT can be minted on aiRight thanks to our AI checking algorithm
2/ The open gateway for users to access: Fiat payment will be coming soon in Q1 to make the NFT purchasing much easier.
3/ The royalty protocol: both the Creator and the collector and anyone who make contribution to the NFT creation can benefit from the NFT sale on the marketplace
4/ Low transaction fee: backed by Oraichain, an AI Oracle blockchain, the transaction fee now is very low which can remove the barrier for collector and investors to interact on aiRight.
Q5. Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
Tyree @ aiRight X Oraichain : Partnerships so far:
-LuxFi: Luxury asset backed NFT marketplace
-Netvrk: Multi-chain metaverse built in Unreal Engine
-Fomo Lab: NFT marketplace and Fomoverse
-DCRC Racing: Race2Earn metaverse and game studio
-Bret Boone: 3X MLB All Star and 3rd Generation professional baseball player
-Rabbots.io: Generative NFT project that started on ETH
-Drops: NFT Lending
-Trava Finance: NFT lending and NFT rentals
-Kawaii Islands: P2E game and Anime metaverse
Sorry if I forgot anyone on this list! We have some great partnerships that haven’t been announced yet. Keep an eye out on our official channels for all announcements.
Bà Tân | : Thanks for the useful information from @RPMoBoosted & @brokentymr.
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @airight_io for answers.
Bà Tân | : IM Community, if you would like to know more about aiRight ! here are some useful links for you:
Official Website: https://airight.io
Tyree @ aiRight X Oraichain : Thank you for having us today! Greatly appreciate the time. ���❤️
Bà Tân | : Allright, I declare the Im Community AMA with aiRight has ended.
Thanks to @ScienceDefi & @RPMoBoosted, @samathaperry, @brokentymr | aiRight joined us and provided us with aiRight information, we hope that this knowledge makes us understand more about https://airight.io (https://airight.io/)
To the members, thank you for following this event to the end. winners will be announced soon.