Inery Blockchain x IM community AMA RECAP
🐋TELEGRAM AMA: Im Community & Inery Blockchain 🐋
⏰ AMA Timing : 18 February 2022 l 01:00 PM UTC l 20:00 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 @cmo_inery from Inery Blockchain ���
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Inery Blockchain.
Bà Tân | : Today our guest is: @cmo_inery from Inery Blockchain.
Ahrix : Welcome @cmo_inery to the IM community.
Vincent Irlweck : Thank you for inviting me , its pleasure to be here
Bà Tân | : Can you introduce yourself to our Im Community?
Vincent Irlweck : I started working in the German special forces and found my love for crypto 2017 through a tip from a old school friend. So 2017 I got into crypto Trading and turned freelancer Trader after leaving the millitary. With these Skills I build a community of Crypto Enthusiast of around 30.000 people. I saw many projects come and go through the ICO Era 2017–18 and when I saw Inery I knew i gotta be involved.
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/1494268040682549250) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Start session 1 AMA.
Vincent Irlweck : ok
Bà Tân | : Question1. Can you briefly describe what is Inery News Feed? We would like to know more about it and how it works.
Vincent Irlweck : So Inery is a layer-1 blockchain that addresses solutions for database management. Inery is designed to tackle the current challenges faced by other blockchain networks such as energy inefficiency, poor interoperability between different networks, limited performance and immature governance mechanisms. Our solution is designed to enable cross-chain interoperability to allow data transactions without compromising its security.
Further, we have also designed its architecture to be eco-friendly and environmentally sustainable to achieve high throughput and performance with tps up to 4800. The governance mechanism of a decentralized DAO allows cleaner and quicker resolutions and upgrades to the overall ecosystem.
Bà Tân | : Question2. What are the outstanding features of Inery News Feed project compared to other projects ?
Vincent Irlweck : Great question
The first one is that our solution is designed to enable cross-chain interoperability to allow data transactions without compromising its security.
Secondly, we have also designed its architecture to be eco-friendly and environmentally sustainable to achieve high throughput and performance with a tps up to 4800
Further, the governance mechanism of a Inery is designed to be a decentralized DAO that allows cleaner and quicker resolutions and upgrades to the overall ecosystem.
Bà Tân | : Question3. What role does the $INR token play in your ecosystem? long-term holding benefits ?
Vincent Irlweck : There will be in-total 800 million $INR tokens. Our token’s economic value derives from several purposes including access to the overall ecosystem, participating in the governance system, access staking rewards, engaging with the products, and more.
We will soon be publishing all the information on our tokenomics distribution on our website. So join us on our social media channels so that you don’t miss the news when we are publishing them.
Bà Tân | : Question4. Can Inery News Feed team please update some Inery News Feed latest news or major events to attract more users?
Vincent Irlweck : We are working on a number of different things. We have started our Discord Invite Challenge that rewards users with guaranteed allocation in INR token sale and cashback rewards. We have started to engage in fun ways with our users on Discord. So make sure that you join Inery’s Discord and have fun participating in different competitions. In the future, we are planning to bring many more interesting activities that will cater to a diverse community.
Discord: https://discord.com/invite/inery
We are also working on the Ambassador program that will help us build an army of Inerians. We want people to be able to connect with us and feel part of what we are doing and where we are going.
Bà Tân | : Question5. What is the development roadmap of the Inery News Feed project at present and in the future?
Vincent Irlweck : We started with Inery way back in the first quarter of 2020. We have achieved quite a lot of milestones in these two years. On the development front, we have successfully completed several phases including testing core of Inery blockchain API function, value contracts, adding nodes to the ecosystem, testing blockchain deployment on several servers and a lot more.
We have also released two versions of our technical paper, created documentation, branding, and have started community building. Some of our upcoming milestones include mainnet launch, upgrading contracts with all major query types, and our public launch.
You can check out our detailed roadmap on our website: https://bit.ly/IIMCommunity
Bà Tân | : End of session 1
Bà Tân | : Session 2: Question From Twitter (https://mobile.twitter.com/IM_Communityitw/status/1494268040682549250) (will choose 5 question)
Bà Tân | : Question1. @sinh_vo20 “ Who do you consider biggest competitor(s) in Layer 1 space (there are many Renowened names), and how do you plan to overtake the competition? “
Vincent Irlweck : Many layer-1 solutions currently suffer from setbacks such as energy inefficiency, poor interoperability between different networks, limited performance, and immature governance mechanisms.
Our blockchain solution encompasses cross-chain compatibility that allows blockchains to interoperate without compromises on security, environmentally sustainable architecture that will serve as a frontier for other networks and a governance mechanism that allows the network to upgrade and scale.
Bà Tân | : Question2. @Lidiamga “ Among other reasons, Corporate adoption of blockchain is halted by volatile gas fees that correlate with the price of the token. Could you please tell us about the fees structure in Inery Blockchain and how do you plan to address this pain point for corporate? “
Vincent Irlweck : The Inery blockchain is designed to mitigate the high costs faced by other blockchain networks. The technical infrastructure development is designed to cater to scalability with low transaction fees.
Bà Tân | : Question3. @AugustusAlvar “ As we know #IneryBlockchain is a decentralized database management project based that wants to make chains more transparent. So, will it’s transparency bring dream to life only on one blockchain or will you bring your idea to other chains such as BSC or Solana? “
Vincent Irlweck : Inery is a layer-1 blockchain that addresses solutions for database management. Inery is designed to tackle the current challenges faced by other blockchain networks such as energy inefficiency, poor interoperability between different networks, limited performance and immature governance mechanisms. Our solution is designed to enable cross-chain interoperability to allow data transactions without compromising its security. Our eco-friendly architecture also allows a high-performance blockchain network with low transaction fees.
Bà Tân | : Question4. @SilasFarrer “ Do the token holders have the right to participate in the governance of the project? what kind of. decisions can they vote on about the project ? “
Vincent Irlweck : In Inery, validators can vote on proposals and amendments that allow the network to upgrade and scale.
The DAO governance ensures cohesion and decentralization amongst stakeholders allowing cleaner and quicker resolutions as well as upgrades.
Bà Tân | : Question5.@ThanhSerafina “Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team ? “
Vincent Irlweck : There will be in-total 800 million $INR tokens.
So like I said the token’s economic value is derived from its ability to serve several different functions in the overall ecosystem. These include governance, staking, grants, accessibility, and more.
We have not yet released $INR on any platform. To stay updated with our launch, please follow our social media channels:
Bà Tân | : Congratulations to the winners of session 2.
@sinh_vo20
@Lidiamga
@AugustusAlvar
@SilasFarrer
@ThanhSerafina
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @cmo_inery ���
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/inery_blockchain
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 @cmo_inery some time to go through them.
Q1. What are the main features of the Project that make it easy for users to see the difference in the way it works and what novel features are better than other projects? What advantages and competitive factors make you confident to dominate the DeFi market in the near future?
Vincent Irlweck : So there are 3 killer features that answer both these questions:
The first one is that our solution is designed to enable cross-chain interoperability to allow data transactions without compromising its security.
Secondly, we have also designed its architecture to be eco-friendly and environmentally sustainable to achieve high throughput and performance with a tps up to 4800
Further, the governance mechanism of a Inery is designed to be a decentralized DAO that allows cleaner and quicker resolutions and upgrades to the overall ecosystem.
Finally, we have a layer-1 blockchain solution that caters to decentralized database management solution.
Q2. What are the attractive features in your project? What is the vision and goals in your project that you want to achieve in 2021 and beyond?
Vincent Irlweck : Our vision is to activate a new paradigm for data accessibility. We are doing this with a blockchain layer-1 solution that redefines database management with blockchain functionalities.
As for our roadmap, we have achieved quite a lot of milestones in these two years. On the development front, we have successfully completed several phases including testing core of Inery blockchain API function, value contracts, adding nodes to the ecosystem, testing blockchain deployment on several servers, and a lot more.
Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?
Great question. We are going to be releasing our whitepaper very soon and I am super excited for it.
Yes, we do have plan of $INR sale which we are going to announce real soon. So everyone make sure that you follow our social media to stay updated about our latest news.
Q3.Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?
Vincent Irlweck : Great question. We are going to be releasing our whitepaper very soon and I am super excited for it.
Yes, we do have plan of $INR sale which we are going to announce real soon. So everyone make sure that you follow our social media to stay updated about our latest news.
Q4.How did you come up with the idea of creating your Project solution? Was it due to impermanent loss or some similar personal experience that made you understand that there would be room for such solution?
Vincent Irlweck : Our initial inspiration for Inery stemmed from creating a more democratized place for data access and control of our assets as well as empowering users and organizations to manage their database on a secure network. So what we did was combine the conventional database management properties with blockchain functionalities. This enabled us to create a more secure, immutable, decentralized and owner-controlled architecture for database management.
Q5. Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project? thank you….Is your project listed on coingecko and coinmarketcap or not?
Vincent Irlweck : I am really excited and proud to be one of the members of the Inery team. We have some incredible team members and advisors onboard. We have our CEO Naveen Singh Suhag, a Switzerland-based entrepreneur with over 15 years of entrepreneurship experience. But before starting his illustrious IT career, Mr. Singh was an Olympic-style wrestler, representing both India and Switzerland at the national level. In the past 15 years, he worked with both startups and large-scale companies and as a blockchain-enthusiast closely observing developments in this field.
We also have our CTO Ivan Vujic who has over 10 years of experience in the IT and blockchain fields. Apart from leading a team to develop several IT projects, he has also served as a business advisor for multiple companies. Our team is quite diverse. We have members who are well-versed in the crypto and blockchain industry which is definitely a huge advantage for us.
We are in-process of listing $INR on portfolio tracker platforms like coinmarketcap. For all this and more, stay updated with our social media:
Bà Tân | : Thanks for the useful information from @cmo_inery
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @inery_blockchain for answers.
Bà Tân | : IM Community, if you would like to know more about Inery Blockchain ! here are some useful links for you:
Official Website: https://inery.io
Twitter: https://twitter.com/ineryblockchain
Telegram: https://t.me/inery_blockchain
Reddit: https://www.reddit.com/r/Inery/
Youtube: https://www.youtube.com/channel/UCLDa45z8agwE2F7m51KV2cg
Instagram: https://www.instagram.com/inery_blockchain/
Medium: https://medium.com/@Inery.Blockchain
Discord: https://discord.com/invite/inery
Vincent Irlweck : https://bit.ly/IIMCommunity
Vincent Irlweck : Do join our community for more updates.
Bà Tân | : Allright, I declare the Im Community AMA with Inery Blockchain has ended.
Thanks to @cmo_inery | Inery Blockchain joined us and provided us with Inery Blockchain information, we hope that this knowledge makes us understand more about https://inery.io (https://inery.io/)
To the members, thank you for following this event to the end. winners will be announced soon.
