InfinityPad x IM community AMA RECAP
TELEGRAM AMA: Im Community & InfinityPad 🐋
⏰ AMA Timing : 02 OCTOBER 2021 l 12:00 PM UTC
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
Bà Tân | : Welcome @andrea_infp, @AndyInfinity from InfinityPad
Andrew : Hi
Bà Tân | : Welcome everyone. Today Im Community will host AMA with InfinityPad.
Bà Tân | : Today our guest is: @andrea_infp, @AndyInfinity from InfinityPad.
Andrew : Allow @andrea_infp to write
Andrew : I guess he is not allowed
Bà Tân | : Done.
Andrew : Thanks
Andrea V : Hello guys! happy to be here
Bà Tân | : Please introduce yourself a bit: @andrea_infp, @AndyInfinity😊
Andrew : Hi I am Andrew ! Looking after Marketing and brand development of infinity as well as co -founder along with Andrea
Andrea V : Hello everyone, this is Andrea Tamburlini, project lead, InfinityPad. I take care of product development, PR and outreach in collaboration with Andrew.
Bà Tân | : Thanks for the introduction from InfinityPad team.
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 InfinityPad
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://mobile.twitter.com/IM_Communityitw/status/1443605614073028612).
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)
🗣InfinityPad | Launchpad (https://t.me/infinitypad)
🗣InfinityPad Announcements (https://t.me/infinitypad_io)
🗣Twitter InfinityPad (https://twitter.com/infinitypad_io)
👉More information about InfinityPad :
Bà Tân | : Start session 1 AMA @andrea_infp, @AndyInfinity
Andrew : Ok ✅
Bà Tân | : Question1. Can you briefly describe what is InfinityPad? We would like to know more about it and how it works.
Andrew : Ok
InfinityPad is the next generation launchpad that is chain agnostic
We can have projects from all blockchain like
Sol , polygon etc
Also it has unique features and NFT platform
Bà Tân | : Question2. What products is the InfinityPad team focusing on developing?
Andrea V : Good question.
Let me answer that.
The product we are building is focusing on providing one-stop-shop solution to blockchain projects to raise funds from their communities. The current launchpads in the market are missing rewarding their long term holders and/or a project supporters. People usually buy tokens for an IDO and then sell upon listing. This creates pump and dump scenarios for the projects and more than often, a project’s true community is left behind during its IDO.
We’re addressing exactly that by introducing a new way of raising funds and rewarding long term token holders through our unique Guaranteed Time-Weighted Allocation mechanism. This would ensure that no one from a project’s community is left behind who is a true supports and we still maintain the fair pricing upon launch.
Bà Tân | : Question3. What are the conditions for a project to participate in fundraising on InfinityPad ?
Andrea V : Thanks. This is a great question.
In simple terms, a project has to be innovative and must bring something new to the blockchain space to drive adoption. We don’t want to support projects who are just “me too” type because these projects offer same functionalities as an existing project is offering. So, no added value.
So, in a nutshell:
- unique value proposition
- Solid product features
- a long term vision
- A strong community development plan
a project must have plans on how they’re going to build a strong community and what are their plans to keep the community engaged over a long period of time.
I strongly believe that it’s the community which makes a project successful or failure.
Bà Tân | : Question4. What are the economic benefits of the $INFP token? What are the benefits of long-term holding?
Andrew : Also to add: we will go through basic KYC, due diligence and background check, tokenomics etc
Andrea V : Thanks for adding that, Andrew. Another point we are debating is to whether have our in-hour smart contract auditor or partner with an auditing company so that every project goes through our auditing process before IDO on InfinityPad.
Andrew : Pls translate this then I pick next question
Bà Tân | : Question5. What are InfinityPad’s global expansion plans? Which markets will you focus on? What plans do you have to build and grow to gain users and partners?
Andrea V : Andrew to answer Q4, and I’ll answer Q5
Andrew : INFP token holders can participate in all IDO to be launched on our platform and staking benefit
Also we will have NFT pad for that INFP token is required to participate
Based on amount and duration for INFP token hold one can get allocation in IDO
Bà Tân | : End of session 1
Bà Tân | : We will move on to session 2
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://mobile.twitter.com/IM_Communityitw/status/1443605614073028612).
Bà Tân | : Question1. Could you please us the motivation and benefits for long-term holders? Please share your plans to help drive the demand and scarcity for the token in circulation. Do you have any listing plan on other top crypto exchanges in the future? @SyminuL
Andrea V : See, crypto projects are global in nature. In terms of our focus, first we are focusing on innovative projects which are going to disrupt any slow moving sector. Recently, we saw huge interest in NFT-based game projects. So, we quickly adapted and decided to reserve 10% of $INFP total supply for such projects to support and attract to launch their IDOs on our platform.
For partnerships and user growth: We’re actively talking to various investment funds, influencers and our community so that we are aware of market trends, new projects and any change in technology. For user growth, we’ll be focusing on build strong communities around the world by engaging local-level influencers to promote InfinityPad and build a community in their countries.
Let me answer this.
Benefits: we briefly touched on the benefits already above. But long term holder would obviously benefit from price appreciation. In addition to that, with our guaranteed-time-weighted allocation method, they’ll get better and bigger allocation.
In terms of scarcity: we have a 1% burn on every buy, sell and transfer. But the best part is we have a 2% stragic burn for every IDO we launch.
It means that whatever fee we collect for an IDO launch, we use 2% of that to buyback tokens and burn them forever.
With this, you’ll always have deflation in the total supply which would result in price appreciation for long term holders.
Andrew : All this burn 🔥 will be handled automatically by the unique smart Contract
Andrea V : For exchanges, of course we plan to list on CEXs but at the same time we are observing the current trend. So, we’ll hold on that. As you have seen, CEXs are always under government radar. But it’s something we have in our roadmap.
Bà Tân | : Question2. I think you guys are building a good product and on the right track to grow. Next, how will you make a profit? What is the revenue model? What are the fees and discounts available for using your platform? @PKragak (https://twitter.com/PKragak)
Andrew : Good question! I love the numbers
We are a launchpad project and looking for long term sustainability rather then short term quick gain ! In terms of revenue service fees we will charge to each IDO would be our primary source of income . We will burn 🔥 part of fees earn to make the token deflationary and add long term value to our token
Our users can participate in IDOs to be hosted on our platform and buy NFT when we launch 🚀
Bà Tân | : Question3. Almost every investor holds the token for the short-term without understanding the long-term value. So, how can you ensure for us that holding this token is more beneficial for long-term and what is your plan to increase the demand and scarcity of the token? @hamedur_rhman_6
Andrea V : I’ll take that
To scarcity: In terms of scarcity: we have a 1% burn on every buy, sell and transfer. But the best part is we have a 2% strategic burn for every IDO we launch.
To increase demand: bring quality projects on our platform which would deliver value to the cryptospace and have long term vision, not just 4–5 months.
A person would hold a token for long term if she/he knows that their holding will increase in value and they’ll get more benefits as the project grows. That’s exactly, we have in mind.
Our goal is to create incredible value for our token holders and our community while rewarding everyone who contributes on our platform. How we do it? Let me explain briefly
For every IDO on our platform, we’ll have Tri-Pool Mechanism: Stable, Structured, and Fair.
First pool: INFP Holders, Second pool: Community, and Third Pool: Airdrop pool
INFP holders’ pool will ensure that we are delivering value to our token holders.
The community pool will build a strong community and motivate people to move to INFP holders’ pool resulting in growing INFP demand
The airdrop pool will reward participants for their contribution in raising project awareness
so, we will have a free-to-join pool to bring people inside and once they see the benefits, they’ll buy tokens and move up.
Andrew : This airdrop pool will allowed people to enter crypto who can’t afford to invest
Bà Tân | : Question4. Please tell us know where can we buy InfinityPad’ token? Is it available on any exchange? Binance, Huobi, Bitmart or somewhere? @tuan_iker.
Andrew : Let me
As of now we are not listed in any platform. We will conduct our private sale next Friday on 8th October and public sale some time mid October
INFP will be get listed on pancakeswap as we are launching on BSC
People interested to buy INFP can look for our Whitelisting form that we will publish sometime in our group today
Bà Tân | : Question5. Smart contracts are prone to bugs, How efficient and secure is your smart contract. Have you ever been audited through external parties, so we are sure that this project is safe and good for the future of investors? @BuyDev
Andrew : Yes our codes are audited by an independent third party reputed firm from Canada
Andrea V : let me answer that in details
we are audited by a prestegious Canadian audit company — InterFi Network — https://www.interfi.network/
We go the audit report yesterday only and we are h appy to announce that our contracts passed with highest security.
Here is the link to the audit report: https://github.com/interfinetwork/smart-contract-audits/blob/main/InfinityPad_AuditReport_InterFi.pdf
Specifically, if you go to page 17 and read, there you would see that even contract owner can’t mint any new tokens. So, there is no way for anyone to exploit the contract and mint tokens to sell in open market.
Andrew : Also team token etc will be locked 🔒 with team.finance for additional layer of security
Andrea V : So, our contracts are safe and no one can exploit. We are VERY VERY careful with this as we have seen many hacks in the past and we don’t want $INFP to be the next one.
So, security is our top priority and anything we do will go through auditing first and then deployed.
Bà Tân | : Congratulations to the winners of session 2.
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @andrea_infp, @AndyInfinity 😃
Andrew : Welcome
Andrea V : always happy to talk about InfinityPad :)
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.
Andrew : Ok
Bà Tân | : Don’t forget to join the group https://t.me/infinitypad
Bà Tân | : Thanks for the questions from the community.
Bà Tân | : Now let’s give our dear guest @andrea_infp, @AndyInfinity some time to go through them.
Andrea V : Ok, we need to pick 3 or 5?
Andrew : Yes flood of questions 🔥🔥🔥
Andrea V : I let Andrew do the honor and pick the best questions :)
Bà Tân | : @andrea_infp, @AndyInfinity Pick the 5 best questions and answer it for session 3.
Allow me 1 min
Q1. NFTs is hot trending now, Do you have a play to have NFTs in your platform? If so, can you tell us yhe plans of your project in NFTs?
Andrea V : Good one. Yes, we have a 10% reserve of $INFP as NFT play. This will be used to attract and host NFT projects which would deliver enormous value to its comunity. We can’t ignore the NFT trend and what it has to offer. In fact, InfinityPad in future may move to a NFT-based allocation. Don’t want to say everything, haha but stay tuned for that.
Andrew : We are picking these and lots of love for rest of questions and we Will give some token AIRDROP to rest all as token of appreciation
Q2. Can you give me a list 1–3 of the deadly features of your Project that make it stand out from its competitors?What competitive advantage does your platform have that make you feel the most confident in yourself?.
Andrea V : Time weighted Allocation
These are 3 new unique features not yet introduced in any launchpad exist till date
Q3. Many investors only care about the value of the coin. However, when most projects start listing, the value often drops seriously. Investors often have to discharge losses and suffer heavy losses. So you how do you prepare for this situation? What benefits will investors get when holding?
Andrea V : I believe you’re referring here VCs and whales who buy in private rounds and dump at launch. That’s the reason we decided to allocation ONLY 5% to the private sale round and 25% to the community/public sale. Public sale and listing price is same to avoid any dumping. That’s how we only have people who believe in the long term value of the project and who will build a strong community with us for years not just a few months. Investors who hold tokens will get higher and better allocation, NFT rewards via airdrops, price appreciation and we may even introduce a fee distribution to long term holders. So, a lot we have in mind to reward the long term holders.
Q4. Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues?
Andrew : We are deploying all build by Layers of audit and test net. Also all team tokens are locked 🔒 and no mint features to provide a layer of protection for token holders
Q5. l project coins have their main Utilities & real-life usecase! So, Can you tell us what are the main role of your coin in your ecosystem? Explain it’s Utilities & Real-Life usecases? and Why should i invest in your coin for long term? ?
Andrea V : I believe we have answered this question in many ways. The sue case of $INFP token in our ecosystem is to enable our long term holders participate in IDOs hosted on our platform. In future, we’ll have DAO where our investors will vote on how we build the project and it’s new revenue streams. We truly want to be decentralized and community-owned launchpad.
Bà Tân | : Thanks for the useful information from @andrea_infp, @AndyInfinity
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @infinitypad for answers.
🍀Jőhn L🍀 : Nice Ama
Bà Tân | : IM Community, if you would like to know more about InfinityPad ! here are some useful links for you:
Official Website: https://infinitypad.io/#/
Bà Tân | : Allright, I declare the Im Community AMA with InfinityPad has ended.
Thanks to @andrea_infp, @AndyInfinity | InfinityPad joined us and provided us with InfinityPad information, we hope that this knowledge makes us understand more about https://infinitypad.io/#/ (https://infinitypad.io/%23/)
To the members, thank you for following this event to the end. winners will be announced soon.
🍀Jőhn L🍀 : Thank for your time @AndyInfinity
Andrea V : Please feel free to ask more questions in our telegram or twitter page! Thanks again for hosting. It was great discussion.