Dumbo x IM community AMA RECAP
TELEGRAM AMA: Im Community & Dumbo 🐋
⏰ AMA Timing : 28 December 2021 l 03:30 PM UTC
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 50 USDT
➡️ The reward pool for the best 2 questions from Telegram is $50 ($25 Each) 💸
Bà Tân | : Welcome @Jumbolight & @jumbomoon from Dumbo.
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Dumbo
Bà Tân | : Today our guest is: @Jumbolight & @jumbomoon from Dumbo
Jumbo volunteer志愿者 : Thank you guys
Ahrix : Welcome @Jumbolight & @jumbomoon to the IM community.
Shall we start now?
Bà Tân | : Q1: Please introduce us to DUMBO first.
Jumbo volunteer志愿者 : Dumbo is a joint collaboration between the Jumbo Innovation Lab and the well-known community PEOPLE. Based on the DEFI2.0 economic model and invitation mechanism, it will build WEB3 SocialFI in the future and create a community experimental project.
In the future, we hope to build a peer-to-peer content and social platform that is not affected by any external forces and achieve true decentralization. At the same time, users can also cast content and social relationships into NFT and switch to any platform at will. In addition, Dumbo has its own DeFi2.0 attribute, which allows users’ tokens to generate value through decentralized finance, thereby supporting a stable currency price, so as to attract users and KOLs to continue to join.
KOLs are in order to obtain stable value tokens. In order to create excellent content and continue to attract users to join, it can form a cycle and become a real SocialFi. Otherwise, the simple token distribution model plus the previous project has no actual operating income, and the continued decline in the price of tokens is an inevitable result.
https://twitter.com/TaylorMusk_/status/1473284767760015363
Bà Tân | : Q2: How is the project profitable, and what are its features?
Jumbo volunteer志愿者 : Encrypted privacy social, users and kol stars can set private content, users pay dum to read, and the platform charges a fee. There is also a content reward mechanism.
Done
Bà Tân | : Q3: What projects has the team done? Is it a real name?
Jumbo volunteer志愿者 : treasureland.market
defibox
O3
Done
Bà Tân | : Q4: Is there a private placement? How much does the team reserve?
Jumbo volunteer志愿者 : No private sale, no team reservations, no pre-mining
Done
Bà Tân | : Q5: What is our opening price and what is the liquidity? What is the token model?
Jumbo volunteer志愿者 : The opening price was 0.03. The initial circulation is 70 million, and the token model is OHM hard fork + invitation mechanism + burning mechanism to simulate the high gas fee of the ETH chain and increase the selling penalty mechanism.
The total number of tokens is set at 50 billion, which will decrease as the transaction volume continues to burn.
Done
Bà Tân | : Q6: Where are we IDO?
Jumbo volunteer志愿者 : We have two idos on the official website, which is an invitation mechanism. People who have purchased the whitelist will automatically become the whitelist after sharing the invitation link. The last issue will be launched on coinlist.
coinlist
coinlist
coinlist
Done
Bà Tân | : Q7: Is Dumbo safe and reliable, and why is it trustworthy?
Jumbo volunteer志愿者 : 1. Our project will be fully open source when it starts. Anyone who is able to read the contract will help observation. If we have any problems, I believe they will be exposed and lose everyone’s trust.
2. Our audit will be submitted before going online.
3. KYC has been certified. Our cooperation on conlist and news cooperation on BSCNEWS are to be KYC certified.
4. A number of organizations, large households, and people in 12 countries have participated in the cooperation. I believe that they will have their own investment reasons and information. I believe they will be fine.
Done
Bà Tân | : Q8: How to get the whitelist, is the whitelist locked, and how to prevent whitelist selling and robot buying?
Jumbo volunteer志愿者 : The whitelist is not locked.
This is a fair launch that combines the spirit of the DAO. This is a completely fair form of no pre-sale, no private placement, and no project party tokens. In order to achieve a unified community goal, the blockchain industry can be created together. The largest and most protecting user privacy social platform. The sooner you get the whitelist invitation qualification, you can invite everyone like everyone else. The invited will immediately get the whitelist qualification and can participate in the next whitelist purchase.
The gameplay of the whitelist is very simple, that is, the people who bought it before will generate an invitation link, and if there is an invitation link, they will naturally become the next batch of whitelist winners. Then the project party can only specify the T1 whitelist, and the others cannot be controlled. It is good if you can actively participate, and we will restrict robots and trumpets from rushing to buy.
Whitelist specific rules:
(1) In the first phase, 300 people will be whitelisted on December 23. IDO will be priced at 0.02, and each person will be limited to 400u; on December 24, 700 people will be whitelisted, IDO will be priced at 0.02, and each person will be limited to 400u;
(2) The second phase will sell 1,000 places on December 28, IDO price is 0.03, and each person is limited to 300u;
(3) The third phase will sell 1,000 places on January 2, IDO is priced at 0.03, and each person is limited to 300u;
(4) From December 25th to early January, submit certik for audit;
(5) Launched on January 5 (estimated, launch after the audit is completed), the opening price is 0.03u;
Done
Bà Tân | : Q9: What exactly are our burning mechanism and invitation mechanism?
Jumbo volunteer志愿者 : (1) The inviter receives an additional 20% stake income from the invitee, and the invitee’s income remains unchanged. However, the inviter’s personal daily maximum passive invitation reward does not exceed the sDUM income obtained by his daily stake.
(2) If the remaining amount of the inviter’s tokens is less than 1000 sDUM, there is no invitation permission, and the rewards for the invited users will be temporarily closed.
(3) If the invitee does not withdraw the reward on the chain, the inviter will not be able to obtain the reward token part when submitting the sDUM, and the invitee’s invitation reward can be withdrawn only after the invitee first withdraws it.
(4) There is no upper limit on the number of individuals that can be invited.
https://twitter.com/ShibInfo/status/1473231406952243202
Done
Bà Tân | : Q10: 33 Consensus is very important, so is there any marketing plan to maintain currency and increase users?
Jumbo volunteer志愿者 : Dumbo Million Dollar Prize
For invitational competitions, the more people invited, the bigger the prize will be. There are 200 prizes in total, worth 10 million USD.
For more info, please check official website.
https://twitter.com/DumboSocialFi/status/1472866614353612803
Done
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @Jumbolight & @jumbomoon ���
Jumbo volunteer志愿者 : Yeah
Jumbo volunteer志愿者 : Let’s go 2 questions here
Bà Tân | : End of session 1
Bà Tân | : We’ll move on to session 2
Bà Tân | : Session 2: Free Asking (will choose 2 question)
Bà Tân | : Don’t forget to join the group https://t.me/DumboSocialFi_Official
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
Im Community News : wow
Bà Tân | : Now let’s give our dear guest @Jumbolight & @jumbomoon some time to go through them.
Jumbo volunteer志愿者 : OK
Q1. ���️���️���️���️
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
������ইনভ্্কি
Jumbo volunteer志愿者 : The traditional social and content platforms are not only controlled by the project team, but all profits are also taken away by the project team. Also affected by the policy, we hope to build a decentralized, completely unmanned operation and management, operation, control, users have 100% privacy and content ownership, account ownership of the blockchain social platform.
When people talk about their “encryption journey,” they are usually full of surprises and discoveries because they have delved into the philosophy of decentralization and the benefits of disruptive technologies. But for encryption enthusiasts, it can be confusing or even dangerous, with scammers and spammers floating in the space.
At the same time, it is difficult for individuals and project teams to become opinion leaders on their social accounts to attract a large number of fans or stand out from thousands of communities.
The current social media platforms do not specifically target the cryptocurrency crowd. The real native encryption and NFT dedicated social media platform has not yet been born, with a high density of fans. Although there are more than 100 million wallet addresses worldwide, and the number of cryptocurrency and NFT enthusiasts is increasing every day, why is there no dedicated public opinion forum and social media platform for the crypto community?
Im Community News : wow the first luckier ! congratulations
Q2. What are the key milestones on your roadmap — both things you have already achieved and things that we can look forward to? Any partnerships and short/long term technical milestones that you want to talk about or bring some attention to?
Jumbo volunteer志愿者 : 1. Users participate in content mining through staking DUM, which is a write-and-earn model with proof of stake (POS).
2. After the platform obtains a specific user group and traffic, advertisers can purchase and burn DUM to promote posts, broadcast messages, and insert streaming ads. (For reference, Twitter’s annual advertising revenue is approximately US$4 billion, while Facebook’s average is US$100 billion.)
3. Crowdfunding investment opportunities. Based on its own traffic and user advantages, the platform will obtain investment quotas for high-quality projects, which will be allocated to DUM holders in accordance with the proportion of DUM holdings. Users can decide whether to participate in the investment, but the quota will be guaranteed.
4. DUM can be used as a reward mechanism for users.
Yeah, thank you guys
Im Community News : and the last winner
Jumbo volunteer志愿者 : Dumbo info
Token：DUM
Website：https://www.dumbo.one
Whitepaper：https://jumbodefi.gitbook.io/dumbo/
Twitter: https://twitter.com/DumboSocialFi
English: https://t.me/DumboDefi_Official
中文：https://t.me/DumboDefi_Chinese
https://t.me/DumboSocialFi_Japanese
https://t.me/JumboDefi_Official
https://t.me/JumboDefi_Chinese
https://t.me/JumboDefi_Filipino
Bà Tân | : Thanks for the useful information from @Jumbolight & @jumbomoon
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @DumboSocialFi_Official for answers.
Jumbo volunteer志愿者 : nice AMA
Bà Tân | : IM Community, if you would like to know more about Dumbo ! here are some useful links for you:
Official Website: https://dumbo.one
Twitter: https://twitter.com/DumboSocialFi
Telegram: https://t.me/DumboSocialFi_Official
Bà Tân | : Allright, I declare the Im Community AMA with Dumbo has ended.
Thanks to @Jumbolight & @jumbomoon | Dumbo joined us and provided us with Dumbo information, we hope that this knowledge makes us understand more about https://dumbo.one (https://dumbo.one/)
To the members, thank you for following this event to the end. winners will be announced soon.
