Meteorite x IM community AMA RECAP

IM COMMUNITY
12 min readNov 18, 2021

TELEGRAM AMA: Im Community & Meteorite 🐋
⏰ AMA Timing : 17 November 2021 l 02:00 PM UTC l 22:00 GMT +8
Venue For AMA : https://t.me/imcommunityitw

🎁 Reward Pool 100 USDT
Bà Tân | :
Welcome @jonathanMTE from Meteorite

Bà Tân | : Welcome everyone. Today Im Community will host AMA with Meteorite.

Bà Tân | : Today our guest is: @jonathanMTE from Meteorite.

Ahrix : Welcome @jonathanMTE to the IM community.

Jonathan B : Chao everyone

Bà Tân | : Can you introduce yourself to our Im Community?

Jonathan B : Hi everyone, I am Jonathan BUI, COO of Meteorite

Jonathan B : Meteorite is a decentralized quantitative platform that matching Strategists and users in crypto world.

Jonathan B : And Meteorite supports various fundamental quantitative strategies for crypto assets, simplifying the threshold for user participation in quantitative investing.

Jonathan B : Btw i am vietnamese also.

Jonathan B : hahaha

Bà Tân | : Thanks for the introduction

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 Meteorite

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1460468180199952385).

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)

���Meteorite Official Group (https://t.me/meteorite_official)

���Twitter Meteorite (https://twitter.com/MeteoriteQT)

���More information about Meteorite :

���Website (https://mte.cool/)

���Mediums (https://meteorite-qt.medium.com/)

Bà Tân | : Start session 1 AMA @jonathanMTE ���

Jonathan B : Alright

Bà Tân | : Q1. Can you briefly describe what is Meteorite ? @jonathanMTE

Jonathan B : METEORITE is a decentralized quantitative strategy platform, complete DAO governance, complete community autonomy, stable ecosystem, high-quality data services, limited edition NFT. Through the MTE platform governance system, users who hold MTE can enjoy governance dividends by voting for governance, initiating proposals, etc., in addition to enjoying the value of MTE itself.

Ahrix : @jonathanMTE Please say “Done” when you have finished the question, thank you.

Jonathan B : Done

Bà Tân | : Q2. Can you explain what is quantitative strategy, I believe most of our members not quite understand. @jonathanMTE

Jonathan B : Alright, sure.

Actually, In crypto world, many people have their own trading rules, which we call strategy.

However, it is usually difficult for people to control their emotions.

They often do not follow their own strategies due to unexpected rises or falls in token prices. Eventually they find that their assets are getting less and less. because most of people like gambling.

So some people thought of a way. They used code to write their strategies into programs and execute them automatically as applications instead of manual operations.

Now we usually call these people quantitative strategists. And call the automated application they created a quantitative strategy.

Done

Bà Tân | : Q3. We would like to know more about it and how it works. @jonathanMTE

Jonathan B : Well, actually Meteorite is dedicated to rebuilding the trust relationship between strategists and users.

At present, the crypto asset quantification industry is quite new and there are so many problems.

Many platforms are insecure and informal, for example, there are many centralized quantitative APPs in the market, with privite operations, various membership fees, and centralized storage of funds, making it difficult for user assets to be guaranteed.

Even if it is a decentralized quantitative platform, the strategy provider can easily use technical means to knock away user funds through the user API.

In the other hand, for strategists, revenue may not be guaranteed. For example, users do not pay commissions after making profits.

Let me briefly explain what Meteorite do to solve above issues.

For strategy users, The platform does not communicate with users’ assets, users only need to provide API information, and all trading operations of the strategy will be performed on the user’s exchange account.

In order to ensure the high quality of strategies, Meteorite pre-screens all quantitative strategies which submit the online application, review the real strategy data for the last 18 months. Only strategies that bring positive profit after going through the conversion phase can be listed for voting.

Meteorite API aggregation center ensures APIKEY security for strategic users. Meteorite does not provide the source APIKEY to the exchange where the user is located for external use, but instead provides an encapsulated APIKEY for aggregation centers.

If the aggregation center determines that the currency or other transaction parameters do not match the scope of the strategic agreement, it will refuse to forward, preventing malicious use of the APIKEY to extort user funds.

In addition, the quantitative strategy trading platform will also provide the function of setting the maximum drawdown rate to avoid possible losses for users in extreme market conditions.

For strategist, the margin of profit sharing of the strategist will supplemented by smart contracts to avoid the risk of users not paying the corresponding commission.

Done ���

Bà Tân | : Q4. What are the unique features Meteorite provides as compared to other projects? @jonathanMTE

Jonathan B : Well, it is an interesting question.

In addition to the innovation of the API Aggregation Center, Meteorite combines traditional CeFi with innovative DeFi mechanisms, leverages GameFi, NFT and token ecology to bring together quantitative strategists and strategic users,

and implements decentralized governance in the form of DAO.

Backed by solid strategic data, Meteorite will build the first Big Data platform in the field of quantitative trading in the future, contributing to the long-term development of the entire quantitative trading industry and Data Infrastructure of Metaverse ecosystem.

Done

Bà Tân | : Q5.What role does the $MTE Token play in your ecosystem? What are the benefits of long-term holding? @jonathanMTE

Jonathan B : Excellent question, first MTE is not only a platform token, but also a governance token.

The holders (i hope some of them are here) are all members of Meteorite DAO and can initiate or participate in various governance of Meteorite platform.

According to our DAO slogan: “Vote once, live time earnings.”

For example, by participating in voting on the strategy on the platform, once the strategy supported by the voters has been successfully placed on the platform, the voters will receive dividends from the strategy on the Meteorite platform on an ongoing basis.

From the other side, only 20,000 MTE will be issued in total. The total number is small but has a wide range of environmental applications.

The most important thing is that the income of quantitative strategists from users will be exchanged to MTE in DEX automatically by smart contract, then transfer to strategists, this mechanism provide huge liquidity and make the price of MTE be better and better.

done

Bà Tân | : Q6.Can Meteorite team please update some Meteorite latest news or major events to attract more users? @jonathanMTE

Jonathan B : We have many important update project to share here.

First, So far we have received investment from 18 global capital institutions and volunteers from meteorite communities around the world are currently conducting offline events, we did several in China, and we planned to extend it in Malaysia, Russia, Europe, US and of course Vietnam

and you guys will be welcome to the event

Secondly, At the same time, our online envents are also carried out all over the world, such as today’s AMA, lol. ���

Third, MTE are in progress of conlist listing, all is going well.

BTW, I bring you a good news. Our NFT airdrop is in progress. Just follow the steps to complete the task, and the top 5000 lucky guys can win our NFT.

Here is the lucky link:

https://wn.nr/7CF5ZE

and last, we will open for global public beta on November 30. Qualification for this public beta will be in the form of a whitelist. More info : https://meteorite-qt.medium.com/the-public-beta-phase-of-meteorite-is-about-to-start-612a81019e3f

Done

Bà Tân | : Q7.What is the development roadmap of the Meteorite project at present and in the future? @jonathanMTE

Jonathan B : Yes , our roadmap is listed in our website and litepaper, if anyone want to know more about details of Meteorite, pls refer to our website or social media:

Meteorite website:https://www.mte.cool

Meteorite telegram group:https://t.me/meteorite_official

Meteorite telegram channel:https://t.me/Meteoritechannel

Meteorite telegram english group:https://t.me/Meteorite_English

Meteorite Discord:https://discord.gg/9NRUyc6uqN

Meteorite Twitter:https://twitter.com/MeteoriteQT

Meteorite Medium:https://meteorite-qt.medium.com/

Our upcoming important update is our beta version release in 2 weeks 30 Nov, here more info : https://meteorite-qt.medium.com/the-public-beta-phase-of-meteorite-is-about-to-start-612a81019e3f

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/1460468180199952385).

Bà Tân | : Question1. Do you agree that a project’s token value is as good as its utility? If yes, since the METEORITE will issue “METEORITE “ token as part of the protocol’s release, what are your plans for increasing its value and what are the main purpose of the “METEORITE “ token? @hahuhahuha234

Jonathan B : Yes, good insight, in my opinion, i share the same point of view.

this is why we well tailored our token for our project.

First, METEORITE’s native token, MTE, has a maximum supply of 20 000.

Here is the token distribution is as follows:

Investor 70%

Mining 15%

Meteorite Foundation 5% Genesis Incentive 5%

Governance Treasury 5%

We’ve employed two main principles to ensure a sustainable economic model — token issuance (via inflation) and conducted token burning when needed via our governance protocol DAO.

Meteorite’s leadership is dedicated to the longevity of our platform by combining NFT, gamefi and cedefi. Keep an eye out on our discord (https://discord.gg/9NRUyc6uqN) inflation activation.

Done

Bà Tân | : Question2. Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term? @Aysha47334044

Jonathan B : We can simplify the benefits in 2 main part.

First : MTE is not only a platform token, but also a governance token. The holders are all members of Meteorite DAO and can initiate or participate in various governance of Meteorite platform.

In short, MTE encourage voluntary participation by each individual to receive appropriate incentives (reward) for this action

Remember our slogan : “Vote once, live time earnings.”

For example, by participating in voting on the strategy on the platform, once the strategy supported by the voters has been successfully placed on the platform, the voters will receive dividends from the strategy on the Meteorite platform on an ongoing basis.

Secondly : The most important thing is that the income of quantitative strategists from users will be exchanged to MTE in DEX automatically by smart contract, then transfer to strategists, this mechanism provide huge liquidity and make the price of MTE be better and better.

Done

Bà Tân | : Question3. For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it is developement? Can you tell us that how your project generate the profit? @DoctorPhysio2

Jonathan B : well, we raised 2,3millions USD$ from 18 global capital institutions . The fundraising round was led by BAF Capital, DIBI Fund, OGIC Ventures and IMG. Other invetors include rocket capital, PrimeBlock Capital, Chainkey Ventures,DeepQuant and more …

The platform mainly gains profit through :

-Meteorite platform management fee (a certain percentage of the strategy profit).

-Minting NFT.

Done

Bà Tân | : Question4. All 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?? @koobokiki

Jonathan B : MTE is a utility token with functionality including governance, mint, payment and management fee.

There is 2 main roles for MTE token within our MTE ecosystem.

In short, MTE encourage voluntary participation by each individual to receive appropriate incentives (reward) for voting. you vote once, you will earning benefit all the time

More other, the most important thing is that the income of quantitative strategists from users will be exchanged to MTE in DEX automatically by smart contract, then transfer to strategists, this mechanism provide huge liquidity and make the price of MTE be better and better.

Done.

Bà Tân | : Question5.As the majority of the NFTs end up having little to no value, it is difficult for liquidity to exist because people don’t constantly trade them in pairs therefore it becomes difficult to liquidate the NFTs. Can you tell me how Meteorite has planned to solve this major issue? @Lidiamga

Jonathan B : Most of NFT is just digital painting or something like that, they have no real value , people buy them or mint them just because fomo, so many NFT’s price is with huge bubble.

On the other hand, Meteorite NFT has it’s real application, for example, strategist can mint his unique Honer NFT to stand for his stategy, and Rare Data NFT can provide the owner very important data to help them enhance their strategy deployment more efficiently

users can join any strategits team with Battle Team NFT to take competition with other teams, etc. In a word, NFT in Meteorite has a lot of real applications, so it will become valuable

Done

Bà Tân | : Congratulations to the winners of session 2.

@hahuhahuha234

@Aysha47334044

@DoctorPhysio2

@koobokiki

@Lidiamga

Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @jonathanMTE ���

Jonathan B : Congrats guys

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.

Bà Tân | : Don’t forget to join the group https://t.me/meteorite_official

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 @jonathanMTE some time to go through them.

Jonathan B : And more important project update will be on our discord

Jonathan B : https://discord.gg/9NRUyc6uqN

Bà Tân | : @jonathanMTE Please choose the best 5 questions and answer it for session 3.

Q1. Is your project currently or has held an AIRDROP?

Jonathan B : Yes, we are 2 airdrop still online

here is the link :

1.https://meteorite-qt.medium.com/the-public-beta-phase-of-meteorite-is-about-to-start-612a81019e3f

2.https://meteorite-qt.medium.com/to-celebrate-the-launch-of-meteorite-for-this-great-news-we-are-going-to-arrange-a-giveaway-for-dc6d5614366

Q2. Southeast Asia is a very vibrant market and there are many new platforms under development. So what do you think about Southeast Asia and do you have plans to grow there?

Jonathan B : Obviously, we are aware of Southeast Asia is an emergent market in crypto world, there are many adopter there.

Indeed, Vietnam, phillipine, india, China, Japan… are part of the most country who own crypto currencies

This is why, we are currently conducting offline events in China, Shenzhen, Shanghai, Hangzhou and Beijing. The following offline events will be launched in Malaysia, South korea, Japan and hope soon Vietnam������

done

Q3. Can you explain, which one is your top priority? Security, Product, Partnership, or Token price?

Jonathan B : Our main priority without hesitation is security, our slogan for user is :

Increase your assets safely and quickly!

Keep MTE, Keep Wealth

done

Q4. Could you tell me a little bit about Your roadmap going forward, How do you plan onboarding users and gaining more adoption for Your project?

Jonathan B : Meteorite combines traditional CeFi with innovative DeFi mechanisms, leverages GameFi, NFT and token ecology to bring together quantitative BLOCKCHAIN strategists and strategic users, and implements decentralized governance in the form of DAO.

Done

Q5. In terms of Security, What work has been or planned from the following?

1- Have You gone to through any Audits yet?

2- Have You Partnered with 3rd party Security Companies?

3- Do You plan to bring big Bounty Program for the community?

Jonathan B : 1. Yes, and audits in progress, it will last about 1 month

2. Yes, they do our audits and they are also partnered with us as 3rd party Security Companies. https://www.knownsec.com/#/, one of the biggest audit company in China.

3. yes people who join our beta test , will get big rewards. but need to join public test whitelist first

there are three ways to join:

Method for inclusion in the whitelist:

▪️Top 1000 winners of Meteorite’s global mission activities, event link: https://gleam.io/inmNq/mte

▪️Meteorite social media contributors, such as Discord OG identity, Telegram group volunteers and administrators from different countries.

▪️All early-stage investment institutions will also receive a certain number of whitelist quotas separately

We also have started the private placement round of MTE.

In private placement round, MTE purchase applications are only open to institutions, communities or KOLs.

MTE purchase application link: https://www.mte.cool/page/collect.html

More details about MTE, please refer to:https://www.mte.cool

Done

Bà Tân | : Thanks for the useful information from @jonathanMTE

Bà Tân | : End of session 3

Bà Tân | : For questions that have not been answered today, you can send them to @meteorite_official for answers.

Bà Tân | : IM Community, if you would like to know more about Meteorite ! here are some useful links for you:

Official Website: https://mte.cool

Twitter: https://twitter.com/MeteoriteQT

Telegram: https://t.me/meteorite_official

Medium: https://meteorite-qt.medium.com

Discord: https://discord.gg/9NRUyc6uqN

Bà Tân | : Congratulations to the winners of session 3.

@hushedMagpie12000

@xhienxu

@delviop

@tamdoduc

@syedwasialishah

Jonathan B : Yeah sure, feel free to ask question on our discord and telegram

Jonathan B : our team are glad to answer

Bà Tân | : Allright, I declare the Im Community AMA with Meteorite has ended.

Thanks to @jonathanMTE | Meteorite joined us and provided us with Meteorite information, we hope that this knowledge makes us understand more about https://mte.cool (https://mte.cool/)

To the members, thank you for following this event to the end. winners will be announced soon.

Jonathan B : Thanks mate, you are great.

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IM COMMUNITY

IM is a PR group — Marketing support for Airdrop, advertising, AMA, Services … in Vietnam Flag of Vietnam. — — — — — — — - TG: https://t.me/imcommunityitw