AstraProtocol x IM community AMA RECAP
🐋TELEGRAM AMA: Im Community & AstraProtocol🐋
⏰ AMA Timing : 2nd June 2022 l 01:00 PM UTC
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 @sak_waseem from AstraProtocol ���
Bà Tân | : Welcome everyone. Today Im Community will host AMA with AstraProtocol.
Bà Tân | : Today our guest is: @sak_waseem from AstraProtocol.
Ahrix : Welcome @sak_waseem to the IM community.
Bà Tân | : Before the first, please introduce yourself a little bit: @sak_waseem ���
Sak : Hey sure
I’m Sak Waseem CIO and CTO at ASTRA
We’re a decentralised compliance layer
What that basically means is that we have developed the only decentralised globally patented KYC layer for crypto
We’re doing this because the industry has grown so huge!
But has had a lot of scams
And that has put regulators in a position where they want to force rules which could slow down the growth of this industry
So we developed a decentralised way to do this
Bringing in the best legal and compliance firms in a decentralised economy
Bà Tân | : Thanks for the introduction.
Bà Tân | : Today’s AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://mobile.twitter.com/IM_Communityitw/status/1531565591575703552) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Start session 1 AMA.
Bà Tân | : Q1.Can you briefly describe what is AstraProtocol ? We would like to know more about it and how it works. @sak_waseem
Sak : Sure we’re a decentralisation KYC layer for crypto
We plug into defi platforms so we can resolve KYC requests in a decentralised way
Through our decentralised legal network
We’re due to launch our technology and token soon
Across major platforms
Bà Tân | : Q2.What are the outstanding features of the Astra Protocol project compared to other projects?
Sak : Firstly we are decentralised so no centralised solution
We’re more cost effective
And we have backing from
Major crypto companies and traditional funds as well as an amazing board team
Probably the best board in the whole of crypto
Bà Tân | : Q3.What role does the $ASTR token play in your ecosystem? benefits of long-term holding?
Sak : Our token is the only way to call our service
It’s fixed supply meaning it will be hard to buy this on secondary market as more defi apps purchase our token for KYC
So definitely some
Benefits to holding ������
Bà Tân | : Q4.Can AstraProtocol team please update some AstraProtocol latest news or major events to attract more users ?
Sak : Yes!
Recently hired mick mulvaney chief of staff to whitehouse as a board member
And Kirstjen Nielsen former head of homeland security
And we closed 9m round
Started out 100m usd round
Bà Tân | : Q5.What is the development roadmap of the AstraProtocol project at present and in the future?
Sak : We’re launching on DAOMAKER sho sale v soon!
Token will be live on centralised exchanges after
And product launch is end of q3
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2.
Bà Tân | : Session 2: Question From Twitter (https://mobile.twitter.com/IM_Communityitw/status/1531565591575703552) (will choose 5 question)
Bà Tân | : Question1. The Astra protocol helps other DeFi protocols to comply with centralized regulations which I think is a brilliant idea so I would like to know in which aspects you help protocols to comply with these regulations? What kind of DeFi projects are ideal to be supported by you? @RichAirdrop1
Sak : We built out a decentralised matrix that covers all jurisdictions
And we are able to connect user to our decentralised legal network so we can stay on top of all the regulatory changes as they happen
It makes it super simple for defi
Plug our service in, use our token and it’s all taken care of
Bà Tân | : Question2. The current crypto regulatory framework is as confusing as the SEC’s stance on cryptocurrencies. We see industrial tycoons constantly having regulatory issues with a number of countries. How does Astra make compliance with regulations a breath of air for DeFi products? @Ranachaan21
Sak : We take all the standards from all around the world and built a matrix which covers this off
So it’s super simple for Defi apps to use
They don’t need to spend time and money on this infrastructure
Bà Tân | : Question3. What is your top 3 things for priorities in 2022? Tell me Could you share some plans for the upcoming year? @Kingimr03386919
Sak : Launching our token
Building ourselves to be the biggest platform serving the most customers
Putting more trust into crypto
Bà Tân | : Question4. Which Blockchian is your project initializing on mainet? Currently there are many Blockchain chains with cheap gas fees like Binance smart Chain, so do you plan to switch your mainet to? @shome85
Sak : Starting ETH
Massive news tomorrow about a new chain!
Join Astra telegram to find out who!
If you can guess who well airdrop $50 usd! If you get it right, comment in ASTRA telegram
Don’t forget to join the group https://t.me/Astra_Protocol
Bà Tân | : Question5. While decentralized finance has helped bring freedom to all, trust for all remains an unexplored place. So how does the Astra Protocol address DeFi’s biggest challenge: Trust? What are the tools they use to maintain the privacy and security of DeFi users and how do they work? @bitcoin_brown1
Sak : We are bringing trust
We build regulatory standards into defi
Consumer protection so regulators are happy and scammers aren’t safe
Bà Tân | : Congratulations to the winners of session 2.
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @sak_waseem ���
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)
Bà Tân | : Don’t forget to join the group https://t.me/Astra_Protocol
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 @sak_waseem some time to go through them.
Q1. Is your project a community only for English speaking countries. Or for users not for others languages? Do you have any community for non-English speaking users too??? Thanks sir…
Sak : No sir we’re expanding to cover the ���
Q2. Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?
Sak : We’ve made incredible progress and there is no stopping us yet!
Q3. What is your strongest advantage that you think will make your team leading the market?
Sak : We’re connected across crypto, government and regulators around the world
Q4. It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make your token more valuable and what’s your plan to maintain token price and supply?
Sak : Fixed supply token. Only 1bn. Limited release to the market and drive demand by defi apps and the retail market
Just a note guys
DM won’t be responded to
Q5. What is total supply of Astra? Where i can buy it? Are your plans to focus on market or to grow community?!!!.
Sak : 1billion tokens. DAO maker SHO first so be sure to register
Bà Tân | : Thanks for the useful information from @sak_waseem
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @Astra_Protocol for answers.
Bà Tân | : IM Community, if you would like to know more about AstraProtocol ! here are some useful links for you:
Official Website: https://astraprotocol.com
Bà Tân | : Allright, I declare the Im Community AMA with AstraProtocol has ended.
Thanks to @sak_waseem | AstraProtocol joined us and provided us with AstraProtocol information, we hope that this knowledge makes us understand more about https://www.opensky.finance (https://www.opensky.finance/)
To the members, thank you for following this event to the end. winners will be announced soon.