🐋 TELEGRAM AMA: Im Community & EpiK 🐋
⏰ AMA Timing : 21 September 2021 l 02:00 PM UTC | 21:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 140$ in $EPK
Bà Tân | : Welcome @EpiK_James from EpiK
Bà Tân | : Welcome everyone. Today Im Community will host AMA with EpiK.
Bà Tân | : Today our guest is: @EpiK_James from EpiK.
James EpiK : Thanks!😊😊
James EpiK : Hello, guys, nice to meet u here.
Bà Tân | : Can you introduce yourself to our Im Community?
James EpiK : Sure!
James EpiK : I am James, founder of EpiK Protocol. We started our project last June. This is a great journey. I’m glad to share this story with you today.
Bà Tân | : Thanks for the introduction.
James EpiK : Thanks for your timely translation.🥰🥰
Bà Tân | : Today’s AMA will have 3 sessions
Sessions 1: The chat will be muted & the team will introduce themselves then we will ask some introduction questions to the team EpiK
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/epikprotocol/status/1438708284907667457?s=21).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
Bà Tân | : Requirements:
🗣Im Community (https://t.me/imcommunityitw)
🗣EpiK Official Field (https://t.me/EpikProtocol)
🗣Twitter EpiK Protocol (https://mobile.twitter.com/EpikProtocol)（ (https://mobile.twitter.com/EpikProtocol)We are EPKers) (https://mobile.twitter.com/EpikProtocol)
👉More information about EpiK :
🗣 Website (https://www.epik-protocol.io/)
🗣 Discord (https://discord.com/invite/Tz6kZbd)
Bà Tân | : Start session 1 AMA @EpiK_James
James EpiK : Can’t wait!
Bà Tân | : Question1. Can you briefly describe what is EpiK Protocol? We would like to know more about it and how it works. @EpiK_James
James EpiK : Sure!
EpiK Protocol is the world’s first distributed storage protocol for AI data. By integrating IPFS storage technology, Token incentive mechanism and DAO governance model, it creates a global open autonomous community with four core capabilities of trusted storage, trusted incentive, trusted governance and trusted finance.
It organizes the users from global community with very low management cost to collaborate. Users can work together to continuously generate high-quality AI data that can be built, shared, and benefited, so as to broaden the cognition of AI and promote the arrival of the comprehensive intelligence era.
Ahrix : @EpiK_James Please say “Done” when you have finished the question, thank you.
James EpiK : At present, EpiK Protocol has completed 5 rounds of beta testing over the course of a year and our main-net launch on August 15th. During the beta phase, both EpiK Protocol’s annotation system and storage system are rewarded with limited incentives from foundation subsidies.
With the launch of the main-net, the economic model which is 10 times that of the beta network will be officially launched. The speed of collecting AI data by EpiK Protocol will be dramatically increased, and there will be more ways for the community to participate in EpiK Protocol and work together to create real value for AI and blockchain industry continuously.
Bà Tân | : Question2. Could you tell us about EpiK Protocol with its specific practical exploration in the industry, and how is the current development progress? @EpiK_James
James EpiK : As for specific practical exploration, it is just as what I just said. EpiK Protocol integrates IPFS storage technology, Token incentive mechanism and DAO governance model.Thanks to these mechanism, EpiK Protocol creates a global open autonomous community with four core capabilities of trusted storage, trusted incentive, trusted governance and trusted finance.
Thus we are able to organize the users all over the world with very low management cost to work together to continuously generate high-quality AI data that can be built, shared, and benefited, so as to broaden the horizon of AI and promote the arrival of the comprehensive intelligence era.
On August 15, our main-net launched. On September 15, we started our first DAO, and it just finished it voting period yesterday.
Bà Tân | : Question3. EpiK Protocol is called the world’s first “AI Data + Distributed Storage” solution, why are they combined together? What are the specific pain points to be solved? @EpiK_James
James EpiK : It is a good question.
As we all know, there are some drawbacks about Filecoin. And we can solve these problems by combining them together. Compared with distributed storage projects led by Filecoin, EpiK Protocol not only has the storage capability as Filecoin, but has also added AI data processing collaboration network. It can continuously deliver high-value AI valid data to the distributed storage ecosystem.
In response to the current state of the distributed storage ecosystem, EpiK Protocol has created a new business model for distributed storage, upgrading from providing paid storage for enterprises to providing continuously updated AI data at a lower cost.
Compared with traditional AI data labeling, EpiK Protocol is the world’s first distributed storage protocol for AI data, which has transformed the data labeling industrial chain into a data sharing economy model , greatly reducing the cost of data labeling.
At the present state where the algorithm has not been optimized yet, the measured labeling efficiency has already been 10 times higher than that of the traditional one. So far, our team has created a gamified knowledge crowdsourcing product — Knowledge Mainland, which was launched in beta version on April 22 this year. Users can collect and classify data by answering gamified questions.
Anyone can download our Gemefi app — Knowledge Mainland, and you can earn when playing.
Bà Tân | : Question4. Can you please introduce us what and why is EpiK DAO? @EpiK_James
James EpiK : There are multiple roles in the EpiK ecosystem and the value they bring differs in different periods. This means that the tokens produced by the network every day need to be dynamically allocated among different roles according to the external environment. This ensures that the ecosystem rewards are benefitting the corresponding roles who are helping with EpiK’s ecosystem growth.
We recently released our EpiK DAO design model, crafted by our CTO Leo. EpiK’s DAO, as stated ever since the first iteration of the whitepaper, is designed to dynamically adjust the economic model and establish credible governance. To our surprise, there is actually an absence of DAO in today’s domain of distributed storage.
Here you can find more details about our DAO.
Our voting period of EPIP-1 just finished yesterday, now it enters publicity period.
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2
Bà Tân | : Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/epikprotocol/status/1438708284907667457?s=21).
Bà Tân | : Question1. On 15th of September the first Epik Protocal Improvement Proposal (EPIP-1) was published in Epik PreDAO. Can you tell me, about What this proposal was? How many Votes needed for the approval of proposal? What is the time duration for voting on proposals?https://twitter.com/lidiamga/status/1439468900450594818?s=21
James EpiK : This is what we did recently!
EPIP-1 is proposed by two EPKers, Principle and BAF Capital who think it is not conducive to the long-term healthy development of the EpiK Protocol community if we don’t set a lock-up period for the basic collateral. They followed the EpiK PreDAO guideline to propose to change the lock-up period from 0 days to 60 days.
A proposal can only be validated if the total number of votes exceeds 1/3 of total circulation of the whole network and the most-voted option must exceed 50% of the total number of votes cast.
EPIP-1 opened at Sep 15 15:25:00 UTC 2021. After 120 hours of voting, EPIP-1 ended at Sep 20 15:25:00 UTC 2021. According to the voting results, 37.68% of EPKers participated in the vote and 71.92% of them support updating the basic pledge release time to T+60, which means users have to wait 60 days after applying for withdrawal before getting back the basic pledge.
The voting results will be publicized for 3 days, and the publicity will end at Sep 23 15:25:00 UTC 2021. When the publicity period ends, we will publish an updated version of Go-EpiK. When most of knowledge nodes have updated to the latest version, the basic pledge release time will be changed to T+60 and EpiK Wallet will be updated to support this change at the same time.
We have to congratulate to all EPKers for reaching a general consensus on the first proposal EPIP-1. It’s really a good beginning for the community governance in EpiK Protocol.
Bà Tân | : Question2. Thanks for oppoturnity sir🙏 I see in ur roadmap,in Q4 2021, EpiK Protocol will release a decentralized financial application center-knowledge bank v1.0.- My question is, what are the benefits of decebtealized financial applicatiob center-knowledge bank v1.0? https://twitter.com/alfredostefan11/status/1439531911613870080?s=21
James EpiK : As for all EPKers(our EPK holders), they could use EPK to set up a knowledge node to earn EPK via providing storage and bandwidth resources; they could use EPK to act as a domain expert to earn EPK via producing more high-quality AI data; they could use EPK to build a knowledge gateway to earn EPK via providing AI training service using AI data in EpiK Protocol network.
EpiK Protocol is a big AI + Blockchain ecosystem involving domain experts, bounty hunters,knowledge nodes and knowledge gateways. Every one in this ecosystem will definitely have a demand for financial services. They may want to use BTC to borrow EPK, use USDT to buy EPK, tokenize the right to profit of their knowledge nodes and so on.
We have launched the Wave I of EpiK Protocol Grants Program. If you have a good plan to provide decentralized financial services for all EPKers, please check this guideline to apply for grants.
All decentralized financial services will be listed in the Knowledge Bank. All EPKers could find what kind of financial services they need in Knowledge Bank.
Bà Tân | : Question3. In the current 4.0 era, technology is an important factor to help the project succeed. So what is the most prominent technology that Epik is using? What benefits does it bring to the project? https://twitter.com/tuyn03668561/status/1439450510872825857?s=21
James EpiK : Here is an infrastructure graph of EpiK Protocol.
We benefit a lot from these technologies from AI and Blockchain. AI is good at improving the efficiency of production and Blockchain is good at reducing the costs of collaboration. EpiK Protocol combines AI and Blockchain to reduce the costs of labeling high-quality AI data.
Bà Tân | : Question4.Does your project support staking program?if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform? https://twitter.com/julia50099594/status/1439466800463237121?s=21
James EpiK : In EpiK Protocol ecosystem, users could stake EPK to vote for a domain expert. The APY is 140%.
It is worthy for everyone to download EpiK Wallet to have a try.
Bà Tân | : Question5.What blockchains are your team planning to connect to in the near future to unlock more features and provide customers with access to key DeFi protocols and innovative applications in the blockchain space? https://twitter.com/v8quang/status/1439455412386893824?s=21
James EpiK : We have built cross-chain bridge between EpiK Protocol, Ethereum and BSC. We will launch liquidity mining in Uniswap and Pancake very soon.More lending services and games in Ethereum and BSC will be alive later. These projects come from our Wave I of EpiK Protocol Grants Program.
Please check the guideline and join us!
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @EpiK_James 😃
Thanks for your support as well.☺️☺️
Bà Tân | : End of session 2
Bà Tân | : We’ll move on to session 3
Bà Tân | : Sessions 3: The conversation will open to the community questions and the best questions will be selected.
James EpiK : Sure!
Bà Tân | : Don’t forget to join the group https://t.me/EpikProtocol
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : Now let’s give our dear guest @EpiK_James some time to go through them.
James EpiK : Wow! What a great AMA, haha。
Bà Tân | : @EpiK_James Pick the 5 best questions and answer it for session 3.
Q1. Do you have an AUDIT certificate or are you working to AUDIT your project, so that its security becomes more secure and reliable?
James EpiK : Of course, we have already pass official audit and people all over the world are able to download our relevant products in app store.
Q2. What are the important social media links to follow announcement of your projects ?
James EpiK : Please follow our social media to get latest news.
Q3. WHERE AND WHEN CAN I BUY TOKEN ?m
Q4. Nowadays, NFT is becoming more popular, many projects come out related to NFT. So how do you rate the potential that Brokoli Network NFT can bring? Do you have any plans to make NFT become a new market trend?
James EpiK : We will work on making our decentralized collaboration tools better in 2022. We will enter NFT industry. Labeling AI Data is boring. So we build a game to attract EPKers to do it. NFT and metaverse are very good technology to make games more funny. We are open to all kinds of cooperation in this area.
Q5. Your project plans to operate in a public and transparent way, which is good, but how involved will the community be within the project to make the best decisions and thus strengthen the ecosystem……? Thanks @EpiK_James
James EpiK : Every EPKer could participate in the governance of the project. We have a governance whitepaper in our website https://epik-protocol.io. And we have published our first EpiK DAO on September 15, 2021. We are on the way to attract more users to participating community government.
Bà Tân | : Congratulations to the winners of session 3.
Bà Tân | : Thanks for the useful information from @EpiK_James
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @EpikProtocol for answers.
Bà Tân | : IM Community, if you would like to know more about EpiK ! here are some useful links for you:
Official Website: https://www.epik-protocol.io
James EpiK : Thanks for holding such a great AMA!
Bà Tân | : Allright, I declare the Im Community AMA with EpiK has ended.
Thanks to @EpiK_James | EpiK joined us and provided us with EpiK information, we hope that this knowledge makes us understand more about https://www.epik-protocol.io (https://www.epik-protocol.io/)
To the members, thank you for following this event to the end. winners will be announced soon.
Bà Tân | : Today’s AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .