Inery x IM community AMA RECAP
đTELEGRAM AMA : Im Community & Inery đ
â° AMA Timing : 24th Sep 2022 l 12:00 PM UTC I 19:00 UTC + 7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100$
âĄď¸ The reward pool for the best 5 questions from Telegram is $50($10 Each) đ¸
âĄď¸ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) đ¸
Bà Tân | : Welcome @Inery_CMO from Inery ���
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Inery.
Bà Tân | : Today our guest is: @Inery_CMO from Inery.
Vincent Irlweck : Hello ���
Ahrix : Welcome @Inery_CMO to the IM community.
Vincent Irlweck : Its my pleasure.
Bà Tân | : Can you introduce yourself to our Im Community?
Vincent Irlweck : Sure
Vincent Irlweck : Hi everyone, I am Vincent Irlweck leading Inery as the Chief Marketing Officer. I am basically from Germany.
Vincent Irlweck : I volunteered to join the German military in November 2016. After hard-core training, I graduated top of my class for physical and mental examinations. During my military career, I underwent several different courses including for the Special Force and Combat Medic. One of my major transformations in military happened when I was deployed to Syria in 2018. Post my deployment in Syria, I left the military and got into trading crypto. For the first couple of months, I kept losing money but I kept on learning the intrinsics of trading which led me to secure my first million dollar. I wanted to pass the strategies and skills that I acquired over the year. So I started to build a community in Europe and would hold seminars and webinars and gradually more and more people started to grow interest. The community grew so big, of around 30,000 people, that there were around 10â15 instructors teaching in several different parts of Germany.
Bà Tân | : Thanks for the introduction.
BĂ Tân | : Todayâs AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1572470310187970561) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
BĂ Tân | : So letâs start the first part of the AMA â questions from Im Community!
Vincent Irlweck : Lets Go
Bà Tân | : Q1.Can you briefly describe what is Inery? We would like to know more about it and how it works. @Inery_CMO
Vincent Irlweck : Inery is a decentralized data system based on a proprietary level-1 blockchain.
What this essentially means is that similar to how Ethereum is programmed for securely executing and verifying smart contract codes; and how Avax focuses on delivering a scalable blockchain with transaction speed, low costs, and eco-friendliness, Inery blockchain is designed to specifically deliver database management. IneryDB is the decentralized database management solution based on its own blockchain.
It will be the way for Web3 and blockchain-based projects to be truly decentralized, while maintaining high security, low latency, high throughput and ensuring complete owner control over data assets.
BĂ Tân | : Our second question isâŚ
Bà Tân | : Q2.What are the outstanding features of the Inery project compared to other projects? @Inery_CMO
Vincent Irlweck : The first is that itâs a layer-1 protocol. There have been several attempts at creating decentralized storage and management systems. However, most of the protocols met with failure as they were adopting 3rd party blockchain or service provider solutions. Inery is built from the ground up as a blockchain optimized for database management.
Secondly, it offers Language support and multiple libraries. Inery is mainly built on C++ code to enable the integration of multiple libraries and make the development process seamless. IneryDB offers libraries for database integration in the most popular programming language including Python, Php, Nodejs, C#. Developers can find the necessary functions and structures for integrating the blockchain database.
And thirdly, it is Optimized for database management functions. Most protocols that exist in the market today are limited to ease of useability and graphic interface. Inery goes a step beyond by integrating query capabilities and CRUD functions on a decentralized ecosystem â a functionality that has never been introduced in projects before.
Bà Tân | : Nice, thanks for such a detailed answer, lets move on!
Bà Tân | : Q3.What role does the $INR token play in your ecosystem? What are the benefits of long-term holding? @Inery_CMO
Vincent Irlweck : $INR token serves many use-cases in the blockchain ecosystem such as:
Being a Validator to secure the Inery blockchain by relaying transactions, verifying, and finalizing blocks.
Accessing the products and services for database management with $INR such as decentralized storage.
Users can stake $INR tokens in staking pools to earn transaction fees and staking rewards.
Ineryâs Grants program offers recurring grants disbursed in $INR.
Bà Tân | : Great, sounds promising, thanks!
Bà Tân | : Please give our community some info on the next point
Bà Tân | : Q4.Can Inery team please update some Inery latest news or major events to attract more users? @Inery_CMO
Vincent Irlweck : Yes, ofcourse. So there are a lot of things happening and its a really exciting time for us. I would first start with the big news which is that Inery is listing on the Huobi exchange on September 28.
Recently, Mr. Satjiv Chahil the ex-Senior Vice President of Global Marketing of Apple has joined Inery as a Principal Advisor. We have also secured funding from several leading institutions like Metavest, Global Emerging Market (GEM), and more.
Inery also received an award for Best Emerging Blockchain Solution of the Year and yes a lot of exciting things are happening.
Bà Tân | : Great, thanks!
BĂ Tân | : The other thing that our community may be curious about isâŚ
Bà Tân | : Q5.What is the development plan of the Inery project at the present time and in the future? @Inery_CMO
Vincent Irlweck : In the second quarter of 2022, weâve been able to attain important milestones that will take us a step closer to our public testnet and mainnet release. Some of these milestones include the development of API functions for sending messages in JSON format over Inery blockchain, enabling CLI capabilities on server, Wallet address generation and testing on test servers, development and implementation of the algorithm for node rankings inside the blockchain, and more.
As of now, we have already launched our Public Testnet and we have received a great response. Taking the feedback, we will now be working towards the mainnet launch.
Bà Tân | : Great answers!
Bà Tân | : Thank you for your efforts and time ���
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2.
Bà Tân | : Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1572470310187970561) (will choose 5 question)
Bà Tân | : Question1. What are the ways to get more $INR tokens within the platform, what are the other use cases of the $INR token and finally what would you say are the main features that will make the $INR token a token with a great future in the market today and in the future? @vi5ku
Vincent Irlweck : So like I already mentioned, the features of $INR token includes accessing the services of our decentralized data system with the token. Also, users can stake $INR within the platform to reap more rewards.
Bà Tân | : Question2. On Inery, the first layer 1 blockchain, you can access the decentralized database management system. How will this ground-breaking solution enable a new data paradigm and establish the foundation for web3 by seamlessly interacting with layer 1 systems, apps, and networks? @111111Alon1
Vincent Irlweck : Answering your first question. for instance, letâs say that you have successfully completed an online course on a metaverse platform. The record of this certificate will permanently be stored on Inery with proven ownership of it.
And it is a blockchain with cross-chain interoperability. So it can connect data with other systems, applications, and networks.
Bà Tân | : Question3. As a blockchain, Please share key performance indicators of the chain, such as the Number of blocks per second, time to completion of a transaction, transaction speed, cost per transaction, or something else? Can Inery Blockchain compete with other networks? @JamensoN7px
Vincent Irlweck : So first Iâd like to mention that Inery uses SDPoS (Self Delegated Proof of Stake) consensus mechanism. So the reason why we implement this within the ecosystem is because it achieves a high throughput, so more transactions per second. Inery achieves a transaction speed of upto 7000 tps/second. And secondly, it is more ecologically sustainable as it consumes significantly less energy when compared to other models.
And Ineryâs SDPOS mechanism ensures that it becomes expensive for anyone to attack the network with a Sybil attack. The inherent design ensures defense against Sybil attacks through a high amount of staking requirements of Ineryâs consensus algorithm.
Bà Tân | : Question4. I understand that,The liquidity in your network can be taken by moving it from other networks. Do you already have a secure tool for transferring and connecting to already existing chains? How do you suppose that the user should integrate with their funds into your blockchain? @Vicky98583140
Vincent Irlweck : Our blockchain solution is also programmed for cross-chain compatibility. So this means that data can be communicated from one chain to another without compromises on security. And the networkâs consensus mechanism is designed for environmentally sustainable architecture.
Inter-network transactions are secured in few layers, first there is needed scheme for transaction body, next there is authorisation layer that requires private key to sign transaction, after transaction is sign , 2/3 of producer nodes must verify that transaction is valid, only then changes are applied to network
Bà Tân | : Question5. I read that Inery supports a wide range of use cases in different industries, so could you share with us what are these use cases and in which industries Inery services can be used? @Vicky98583140
Vincent Irlweck : Inery is set to serve industries such as gaming, aviation, government, and finance, as well as the healthcare sector, the education sector, and others.
For instance, in healthcare, Inery can be instrumental in giving patients control over their data, tracking and tracing drugs to avoid counterfeit activities, providing a single point-of-truth to shareholders, and ensuring data interoperability between different healthcare verticals. In addition, the solution provides e-commerce with a way to manage assetsâcredential management and asset tracking, for instance, and access data with complete control, transparency, and security.
Enterprises and governments may also deploy their applications on top of the Inery blockchain. Inery equips financial institutions with a modern and mature database infrastructure to enable communication and data sharing across departments, while maintaining high performance and low transaction costs. These financial institutions can also leverage the infrastructure for issuing and managing assets, secure data management, and document access, control, and tracking.
Bà Tân | : Congratulations to the winners of session 2.
@vi5ku
@111111Alon1
@JamensoN7px
@Vicky98583140
@Retropixel13
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @Inery_CMO ���
Vincent Irlweck : Thank you
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Session 3: Free Asking (will choose 5 question)
BĂ Tân | : Donât 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.
BĂ Tân | : Now letâs give our dear guest @Inery_CMO some time to go through them.
Bà Tân | : IM Community, if you would like to know more about Inery ! here are some useful links for you:
Official Website: https://inery.io
Twitter: https://twitter.com/ineryblockchain
Telegram: https://t.me/inery_blockchain
Youtube: https://www.youtube.com/channel/UCLDa45z8agwE2F7m51KV2cg
Reddit: https://www.reddit.com/r/Inery/
Medium: https://medium.com/@Inery.Blockchain
Discord: https://discord.com/invite/inery
Q1. I am interested to invest in your project. When and where can I buy your tokens Is it already listed exchanges?
Vincent Irlweck : We are listing on 28th Sep 13 UTC on Huobi Global Tier 1 Exchange. So get you bags ready for it.
Q2. What is the Best way to follow All your Upcoming news and updates? What are your plans in coming Future? @Inery_CMO
Vincent Irlweck : we are lisiting on 28th Sep 13 UTC on huobi Global , then Dex lisiting, we are releasing our Mainnet of Blockchain in aprox Dec, Then good stratagic Partnership with some good tech companys.
Q3. Is your platform suitable for Crypto beginners? Or is it only appealing to professional users?
Vincent Irlweck : Its for both community, Like example
Traders can trade in different exchanges.
Developer can built thier dapps, website, software in full decentralized database and manage it.
so there is benifits for both the community.
Q4. Most investors focus only on the short-term price instead of the real value of the project. Can you tell about the long-term benefits for investors in the project?
Vincent Irlweck : As we are the infrastructure Project, So we have so many usecases with our product, we are making the fully decentralized database management solution, we are making good partnership with good tech company. that is good for long term investment.
Q5. As we know many people judge a project with the token price and that is important so what do you have to say to investors to increase the token demand?
Vincent Irlweck : There will be in-total 800 million $INR tokens.
And the token serves many use-cases in the blockchain ecosystem such as:
Being a Validator ro secure the Inery blockchain by relaying transactions, verifying, and finalizing blocks.
Accessing the products and services for database management with $INR such as accessing decentralized storage.
Users can stake $INR tokens in staking pools to earn transaction fees and staking rewards.
Ineryâs Grants program offers recurring grants disbursed in $INR.
Bà Tân | : Thanks for the useful information from @Inery_CMO
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 ! here are some useful links for you:
Official Website: https://inery.io
Twitter: https://twitter.com/ineryblockchain
Telegram: https://t.me/inery_blockchain
Youtube: https://www.youtube.com/channel/UCLDa45z8agwE2F7m51KV2cg
Reddit: https://www.reddit.com/r/Inery/
Medium: https://medium.com/@Inery.Blockchain
Discord: https://discord.com/invite/inery.
Bà Tân | : Allright, I declare the Im Community AMA with Inery has ended.
Thanks to @Inery_CMO | Inery joined us and provided us with Inery 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.
Vincent Irlweck : Its was Pleasure that i was guest in such good community. So we are Listing on 28th Sep 13 UTC on Huobi global. So coummity can get all information Please connect to our official announcement channel.
Thank You ���
