LuxFi x Im Community AMA Recap
TELEGRAM AMA: Im Community & LuxFi đ
â° AMA Timing : 22 September 2021 l 11:00 AM UTC l 18:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 100 USDT
Bà Tân | : Welcome @Aidaa_LuxFi @ly_lxf from LuxFi
Bà Tân | : Welcome everyone. Today Im Community will host AMA with LuxFi.
Bà Tân | : Today our guest is: @Aidaa_LuxFi @ly_lxf from LuxFi.
Bà Tân | : Please introduce yourself a bit: @Aidaa_LuxFi, @ly_lxf.
Levi Y : Hi everyone! I am Levi, the Head of Community of LuxFi.
đJĹhn Lđ : nice to meet you @Aidaa_LuxFi
Aidaa Wong : nice to meet you guys here!!
Can you introduce yourself to our Im Community?
Hi everyone! This is Aidaa Wong, the CEO and founder of LuxFi!
LuxFi is the worldâs first asset-backed NFT marketplace for luxury assets
so you can buy, sell and invest in luxury assets using cryptocurrencies on our platform, as well as using traditional payment methods
We focus on luxury assets that hold value well, and have high resale value
Those items include: luxury watches, branded bags, limited edition sneakers, branded jewelry, collectible items, arts, gold and diamonds.
Bà Tân | : Thanks for the introduction to the LuxFi team itself.
Aidaa Wong : DONE
BĂ Tân | : Todayâs 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 LuxFi
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1440165371902775298).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
Bà Tân | : Requirements:
đŁIm Community (https://t.me/imcommunityitw)
đŁLuxFi Official (https://luxfi.io/telegram?utm_source=imcommunity)
đŁTwitter LuxFi (https://twitter.com/luxfiofficial)
đMore information about LuxFi :
đŁWebsite (https://luxfi.io/home?utm_source=IM)
đŁ Reddit (https://www.reddit.com/r/LuxFiOfficial/)
đŁMedium (https://luxfiofficial.medium.com/)
Bà Tân | : Start session 1 AMA @Aidaa_LuxFi, @ly_lxf
Bà Tân | : Question1. Could you first introduce your project to our community?
Aidaa Wong : as I mentioned earlier, LuxFi is the worldâs first asset-backed NFT marketplace for luxury assets
So people can buy, sell and invest in luxury assets using cryptocurrencies on our platform!
We focus on luxury assets that hold value well, and have high resale value
Those items include: luxury watches, branded bags, limited edition sneakers, branded jewelry, collectible items, arts, gold and diamonds.
DONE
BĂ Tân | : @Aidaa_LuxFi, @ly_lxf Please say âDoneâ when you have finished the question, thank you.
Bà Tân | : Question2. Why did you decide to launch this project?
Aidaa Wong : The luxury market is highly fragmented and plagued with multiple issues
including counterfeiting, no benchmark price for pre-owned assets and illiquidity when you want to resale them
The real value of luxury assets has not been unlocked, for instance, many luxury assets and collectibles have high resale value in general but they are usually idle and not circulating
So, our vision is to create a sustainable ecosystem for luxury assets where LuxFi is tackling those challenges plaguing the luxury industry
DONE
Bà Tân | : Question3. What makes LuxFi so special compared to another project?
Aidaa Wong : As mentioned, LuxFi is the worldâs first real-world asset-backed NFT marketplace for luxury assets.
What special about LuxFi compared to another projects is
First, we are able to eliminate counterfeit items while minting an NFT on our multi-chain blockchain network.
All the NFTs selling on our marketplace are link with real-world assets,
buyer can redeem the real-world asset after purchase an NFT on our marketplace.
We have two ways to link the real-world assets and digital NFT
For those finished products for example, after the real-world asset is authenticated by the professional verifiers in our network, we use product fingerprint technology to tie the real-world luxury asset with its NFT on blockchain, product fingerprint is unique for each item, even tho they are the same products.
Here is the slide showing how we use product fingerprint technology to tie the real-world luxury asset with its NFT on blockchain.
And, for those products that we work directly with brands and manufacturers, we put NFC chip inside of each item during the production.
After the buyers received the real-world asset, buyers can simply scan the product fingerprint or the NFC of the item, to see if itâs the original and authenticated item of the NFT.
Last but not least,
the value of each NFT on our platform is backed by real-world data, leveraging on our big data intelligence system and unique algorithm for automated data collecting and data processing, so our blockchain-based data intelligence system automatically collects and analyses millions of data points from global sales channels, online and offline, as well as social media platforms.
DONE
Bà Tân | : Question4. Any highlights we need to know for the coming months?
Aidaa Wong : We are currently running a few different major campaigns and intensively promote LuxFi through partnerships.
First, you can participate in our giveaway campaigns running until this Saturday 25th for a chance to win USDT, LXF and a luxury asset.
For more informations, visit our giveaways campaign article: https://luxfiofficial.medium.com/luxfis-luxury-assets-campaign-4ba48459f4ac
You can participate in each of our giveaway on our twitter: https://twitter.com/luxfiofficial
Another major event is our upcoming NFT Auction Sales.
We will have an NFT Auction Sales and Lucky Draw from September 26th to October 3rd!!!
Our community can put as low as 0.01Eth to participate in this Auction.
Top 5 bidders will get our ultimate NFTs, and each NFT is backed by real-world assets along with memberships and other benefits.
The winners can always redeem the physical asset of the NFT!!
Everyone who participates in this Auction will get a lottery ticket for every 0.01 Eth bid, to have a chance to win a Rolex, Hermes, limited edition Sneakers, and other collectible items in the lucky draw.
Of course, you can get as many lottery tickets as possible to increase your chance!!
Finally, our IDO is also in October!!đđđ
so, follow us on our social media channels for more information!!
and, if you would like to know more information on our timeline, check our roadmap here
DONE
Bà Tân | : Question5. Where can the audience follow you and LuxFi?
Aidaa Wong : Visit our website and follow us on our social media channels below:
Telegram Official Group: https://t.me/Luxfiofficial
Telegram Announcement Channel: https://t.me/luxfinews
Twitter: https://twitter.com/luxfiofficial
Medium: https://luxfiofficial.medium.com
Reddit: https://www.reddit.com/r/LuxFiOfficial
Youtube: https://www.youtube.com/channel/UCNTeHyVaUX-0OE7kMNXlCOw
LinkedIn: https://www.linkedin.com/company/luxfi
Instagram: https://www.instagram.com/luxfiofficial/
Facebook: https://www.facebook.com/luxfiofficial
Website: https://www.luxfi.io
DONE
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/IM_Communityitw/status/1440165371902775298).
Bà Tân | : Question1. I saw that you guys use NFC chips. Can you tell us why? and what are the advantages of using NFC chips?
Question from @Getmewronga
Aidaa Wong : As i mentioned earlier,
After the real-world asset is authenticated by the professional verifiers in our network, we use product fingerprint technology to tie the real-world luxury asset with its NFT on the blockchain.
The product fingerprint is unique for each item, even though they look exactly like the same products. But this is for those finished products.
So when we work directly with brands and manufacturers, an NFC chip is put inside of each product during the production.
For the buyers, they can redeem the real-world asset after purchasing an NFT on our marketplace.
After receiving the real-world asset, they can simply scan the product fingerprint or the NFC of the item, to see if itâs the original and authenticated item of the NFT.
DONE
Bà Tân | : Question2. I love LuxFi project, i would like to know what tokens will you accept in your NFT marketplace?
Question from @Samual34071549
Aidaa Wong : Traditional luxury goods marketplaces do not accept cryptocurrencies.
People can simply spend their cryptocurrencies to buy luxury goods on our platform without going through all the OTC process to convert cryptocurrencies to cash in the bank, then buy luxury assets from traditional marketplaces.
Users will be able to use cryptocurrencies along with traditional payment methods.
Some of the cryptocurrencies we will accept include the ones below:
We are currently partnering with multiple blockchain projects so we can accept more and more tokens!!
DONE
BĂ Tân | : Question3. Great project! Community is fundamental for the success of a project and most projects have special programs for their users. Do you have any specific plan for LuxFiâs NFT marketplace users?
Question from @Mayoubear
Aidaa Wong : As mentioned before, we are running multiple events for our community, including giveaways campaigns and our coming NFT Auction Sales.
For our users, we have a special Membership program which includes rewards points, discount on transaction fees, earn more LXF tokens and more.
Fore more information, stay tuned on our social media channels!
DONE
Bà Tân | : Question4. What partnerships does LuxFi have now? Gaming is on fire, will you find some and work with them for in-game NFT gifts?
Question from @AlexAkobab
Aidaa Wong : We already announced multiple partnerships with major blockchain partners in the industry such as RioDeFi, ChainLink, API3âŚ
Those strategic partnerships will greatly help us expand our NFT marketplaceâs applications.
At the same time, we also partnered up with retailers, and work directly with brands and retailers.
Gaming is indeed a very hot topic in the blockchain industry! We recently announced a partnership with gaming company Tokenplay, a platform for the development of NFT Blockchain Games. In the future, we envision entertaining companies integrating asset-backed NFTs that can be sent and transferred in different games and live streaming platforms.
New owners would be able to redeem the physical item in the real-world.
Asset-backed NFTs are the new revolution in the gaming and luxury industries.
We will definitely partner with more and more gaming companies!
DONE
Bà Tân | : Question5. Do you have any retail partnerships to support your NFT marketplace?
Question from @ultravi34066961
Aidaa Wong : As mentioned before, we indeed partner with retailers and brands to support our NFT marketplace. We will link the physical and authentic items of those retailers and brands to their NFTs.
There is definitely an increasing interest from the luxury industry for new technologies, especially blockchain technology.
A few luxury brands have started to adopt blockchain technology for anti-counterfeiting and traceability purposes.
That is great news for us, so we can simply list those items on our platform without authenticating the product.
DONE
BĂ Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @Aidaa_LuxFi đ
Bà Tân | : Congratulations to the winners of session 2.
@Getmewronga
@Samual34071549
@Mayoubear
@AlexAkobab
@ultravi34066961
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Sessions 3: The conversation will open to the community questions and the best questions will be selected.
BĂ Tân | : Donât forget to join the group https://t.me/Luxfiofficial
Bà Tân | : Thanks for the questions from the community.
BĂ Tân | : Now letâs give our dear guest @Aidaa_LuxFi, @ly_lxf some time to go through them.
Bà Tân | : @Aidaa_LuxFi @ly_lxf Pick the 5 best questions and answer it for session 3.
Levi Y : Let me choose the questions and let our CEO answer
Q1. What is your background as the CEO of LuxFi?
Aidaa Wong : Right, first let me tell you more about my background as the CEO and Founder of LuxFi. Back in my years at University, I studied Fashion Design for a bachelorâs degree at Central Saint Martins in London and I also got a Masterâs degree in Fashion Womenswear from Royal College of Art in London.
I would say that, as an entrepreneur in the luxury and cutting-edge technology fields, I developed a passion for fashion design and luxury brands at a very early age.
Iâve been working in the fashion and luxury industries for a long time. Before founding LuxFi, I used to work for companies such as Max Mara Fashion Group, DBHK, Cosmopolitan, Harperâs Bazaar etc. Besides working in various fashion companies before, I was also invited as guest art director and guest stylist by a series of international fashion magazines.
I would also like to talk about our team.
Our team is composed of professionals who have worked for many renowned companies such as: Maxara, Burberry, Hermès, Lenovo, Citic, Ernst & Young, ING or Barclays etc, with extensive business expertise in multiple industries that include blockchain, technology and luxury industries.
Q2. I have seen on your website that you are working with artificial intelligence and data intelligence? How does it work?
Aidaa Wong : Our data intelligence system analyses millions of data points from global sales channels and social media platforms to uncover hidden patterns, unknown correlations and unravel deeper data-driven insights about personal luxury goods, brands and retailers can make the best decisions. They can identify the products with high demand, and the best and accurate selling price of each item.
By using our data, the clients can also understand the consumer behaviors and shopping preferences of their target audience and be able to predict market trends.
We provide an accurate NFT pricing that is backed by accurate real-world data.
Q3. @Aidaa_LuxFi What is your token? Do you have any date for the launch: IDO, TGE�
Aidaa Wong : For the first part of the question, we have our own token called $LXF. Users have the option to use our $LXF token to buy NFTs and redeem the products. Our Token can be used in the platform to buy and sell luxury assets.
You can also earn $LXF tokens by actively participating in the NFT marketplace or by referring your friends to our platform. If the referee is buying or selling on our platform you can earn $LXF tokens. We also organize AMAs and campaigns like Airdrops where you can earn $LXF tokens. We will have a membership program where the token can be used. We will provide more details soon, probably in the next AMA.
For the dates, we are glad to announce that $LXF token will be listed in October this year. Date will be announced later in our telegram group!
too many questions
please pick a few for me? @ly_lxf
Levi Y : Sure!
Q4.Who is your target audience with this project? Is it exclusively for people who know about cryptocurrency and blockchain? (Asked by Greg Asev)
Aidaa Wong : On one hand, we want to reach people with a good understanding of blockchain, cryptocurrency and/or investment in general.
This is the reason why we are very active on common social media channels in the crypto/blockchain world!
On the other hand, our main audience will also be users who love buying and selling luxury assets with no or little knowledge in the blockchain industry.
Although traditional payment methods will be available, we aim to educate all our users on the tremendous potential the blockchain could bring to the luxury industry.
Our marketing strategy is to raise awareness of our platform through publishing social media articles and to launch marketing campaigns on an international scale.
In addition, we will continue to do AMA sessions with our community to educate people who have strong interest in the luxury industry but little blockchain knowledge.
DONE
Levi Y : Last questionâŚ..
Q5.When will your NFT marketplace be launched? I would like to buy a Rolex with my bitcoins. (Asked by Alex Akobab)
Aidaa Wong : We are now building our NFT marketplace, and it is expected to be officially launched in Q4, Dec this year
Our strategy is to first target professional sellers, retailers and brands to list and sell their luxury assets in our platform,
and next year Q2 will be for everyone to sell, buy or invest in luxury assets on our platform.
We are currently striking partnerships with different luxury retailers around the world.
DONE
Bà Tân | : Thanks for the useful information from @Aidaa_LuxFi @ly_lxf
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @Luxfiofficial for answers.
Levi Y : Thank you guys!
Aidaa Wong : Thanks Im Community team!!
Aidaa Wong : for having us here!!
Bà Tân | : IM Community, if you would like to know more about LuxFi ! here are some useful links for you:
Official Website: https://luxfi.io/home
Twitter: https://twitter.com/luxfiofficial
Telegram: https://t.me/Luxfiofficial
Medium: https://luxfiofficial.medium.com
Reddit: https://www.reddit.com/r/LuxFiOfficial/
Youtube: https://www.youtube.com/channel/UCNTeHyVaUX-0OE7kMNXlCOw
Facebook: https://www.facebook.com/luxfiofficial
Instagram: https://www.instagram.com/luxfiofficial/
Bà Tân | : Allright, I declare the Im Community AMA with LuxFi has ended.
Thanks to @Aidaa_LuxFi @ly_lxf | LuxFi joined us and provided us with LuxFi information, we hope that this knowledge makes us understand more about https://luxfi.io/home
To the members, thank you for following this event to the end. winners will be announced soon.
BĂ Tân | : Todayâs AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .
