AstraProtocol x IM community AMA RECAP

IM COMMUNITY
6 min readJun 5, 2022

🐋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

Rug pulls

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

Butttt

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.

@RichAirdrop1

@Ranachaan21

@Kingimr03386919

@shome85

@bitcoin_brown1

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

Twitter: https://twitter.com/AstraProtocol

Telegram: https://t.me/Astra_Protocol

https://t.me/Astra_ProtocolAnnouncements

Email: Info@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.

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IM COMMUNITY

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