TELEGRAM AMA: Im Community & Microtuber 🐋
⏰ AMA Timing : 30 November 2021 l 09:00 AM UTC l 16:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Microtuber
Bà Tân | : Today our guest is: @YiEdward & @MCTCeo from Microtuber
Wonik : Hello~
Ahrix : Welcome @YiEdward & @MCTCeo to the IM community.
Bà Tân | : Please introduce yourself a bit @YiEdward & @MCTCeo ���
Wonik : Hi, i’m Wonik Yi the CEO and co-founder of Microtuber. I’ve been an entrepreneur for over 38 years and am the current Chairman of Group TK and Coin Genesis. I have also founded and created the World Tukong Moosul Federation.
I am engaged in several large scale international trade of commodities including metals and lumber, and involved in crude oil trade between Saudi Arabia and South Korea.
Since 1980, I have been working with interest in the seed business. Beginning of 2015, I have developed an interest in blockchain and since then, have established a deep interest in Microtuber, a company that combines agriculture and blockchain.
Edward : Hello, i’m Edward Yi, the CTO of Microtuber. I’ve been involved in the blockchain industry since early 2017.
I am the co-founder for Coin Genesis, a blockchain and platform development company, and previously was employed as the Chief Security Officer for Black Shield.
Since 2018, I’ve developed smart contracts and private blockchains for several companies in South Korea, China and USA.
I’m a University of Texas graduate with a Bachelor of Science in Management Information Systems. I have 5+ years experience as a programmer and systems architect, focusing mainly on solidity smart contracts.
Bà Tân | : Thanks for the intro from the Microtuber team���
Bà Tân | : Today’s AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1465118917228072962) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Requirements:
���Im Community (https://t.me/imcommunityitw)
���Microtuber Official (https://t.me/microtuber_en)
���Microtuber (https://t.me/microtuber)공식 (https://t.me/microtuber)
���Twitter Microtuber (https://twitter.com/micro_tuber)
���More information about Microtuber :
Bà Tân | : Start session 1 AMA
Bà Tân | : Question1. Can you briefly describe what is Microtuber? We would like to know more about it and how it works.
Wonik : Microtuber (MCT) is a cryptocurrency created for use on the Seed-Box platform, where it may be used to place stakes and purchase agriculture items once staking is complete.
It is the world’s first agricultural crowdfunding platform that combines conventional crowdfunding methods with blockchain technology.
The DeFi staking platform, Seed-Box, links consumers with farmers by providing finance, staking, and rewarding opportunities for both the user and the farmer.
On the Seed-Box platform, users will be able to stake MCT in select crowdfunding campaigns hosted by farmers to help fund their farming project. Through staking, the farm and investors are connected, and the actual staking products are harvested by investing in the farm with the amount of staked MCT.
APR is paid from the amount sold after farming, and after staking, crops can also be found as products at the myFarm Marketplace app.
Bà Tân | : Question2. What products are the Microtuber team developing?
Edward : As an agriculture blockchain based company, we are involved in R&D and Technical Developments
For R&D Developments, we created unique formulated organic fertilizers that are applied to all crops of Microtubers to enhance and increase Saponin content of the products. Microtuber continues research and development to allow seeds to obtain maximum yields with the best nutrients, and enhancing certain aspects, such as Saponin.
These products are crowdfunded and produced into staking projects where global users can participate using MCT.
1-year staking roadmap can be found here:
For Technical developments, we have currently developed a defi staking platform (Seed-Box), marketplace dapp (myFarm) on Android and iOS and cross-chain bridge to expand the ecosystem of MCT to binance smart chain and ethereum. Currently, Microtuber’s MetaFarm that combines Metaverse+NFT+P2E aspect is being developed, and the MVP will be released in the 1st quarter of 2022.
Bà Tân | : Question3. What role does the $MCT token play in your ecosystem? What are the benefits of long-term holding $MCT?
Wonik : Sure, MCT token plays an integral part in the Microtuber ecosystem. Some of the utilities are:
- Used for staking on Seed-Box Platform
- Rewards are paid out in MCT on Seed-Box Platform
- Used to purchase items on Myfarm Marketplace
- Redeem as reward points after every purchase on Myfarm Marketplace
- MCT is multi-chain, so it can transfer between ERC20 and BEP20 through our own Cross-Chain Bridge.
- Will be used in the Metaverse as currency to trade and farm NFTs and items
Microtuber focuses on R&D innovation and blockchain developments.
Long-term holding of MCT by using our staking projects will produce passive income.
We are planning and preparing for development in advance before it becomes a trend. Rather than blindly starting a project, we are working hard to carry out the project by making sure the development makes sense and works well with the direction of the Microtuber company.
Bà Tân | : Question4. Can Microtuber team please update some Microtuber latest news or major events to attract more users ?
Wonik : At the moment, only Korean KYC users are able to trade MCT on the Gopax Exchange. We are focusing on expanding our token utility and accessibility to global users.
To do this, we have created our own cross-chain bridge that will allow the MCT ecosystem to expand to the binance smart chain and to list on PancakeSwap for global users to be able to trade.
We will be listing on PancakeSwap on December 3, 2021 at 7:00AM UTC and launching our Cross-chain bridge on December 9, 2021.
This is also the first step towards development of our upcoming Metaverse MVP in 1st quarter of 2022.
The Metaverse currently under development is Microtuber’s MetaFarm. MetaFarm will combine the three elements of Metaverse, NFT, and P2E with blockchain. In the MetaFarm, users can freely cultivate various crops in the LAND they choose. All elements, such as LAND, SEED, and items present in the Microtuber MetaFarm are made of NFTs, which can be traded freely on the marketplace.
By introducing the P2E element, users can participate in staking with crops harvested through farming and exchange them for MCT. Additional rewards will be given to users who own LAND or complete various missions.
In addition, various events and contents will be provided, and more development news will be delivered on our social media about the MetaFarm developments.
Microtuber will be focusing on creating blockchain partnerships as well as business partnerships.
We are in discussion with a major Korean franchise retailer that will utilize our specially formulated organic fertilizer to create a high-saponin content coffee for distribution worldwide.
This partnership will enable a new staking campaign on our Seed-Box platform and give special rewards to users who participate in the staking program.
Please look out for major partnership details in our news in the near future.
Bà Tân | : Question5. What is the development roadmap of the Microtuber project at the present time and in the future?
Edward : In the early stages, Microtuber officially listed on Gopax exchange in March of 2021. We have since then developed Seed-Box Staking platform and myFarm marketplace app for android and ios devices.
We have recently completed building our own cross-chain bridge, which will allow swapping between erc20 and bep20 MCT tokens. We completed the beta test of the cross-chain bridge and will be launching our MCT token on the binance smart chain to prepare for PancakeSwap listing.
To summarize our short-term and long-term goals:
4th Quarter, 2021:
- MCT going Multichain
- PancakeSwap listing on December 3, 2021
- Cross-chain bridge launch on December 9, 2021
- Seed-Box global staking support
- Microtuber enters US market
1st-2nd quarter 2022:
- Metaverse MVP (Phase 1)
- Digital Identity/Avatar
- “myFarm” L2-MCTP (Layer 2 Multichain Transfer Protocol) Development
- Seed-Box to support Multichain staking
- Global version of myFarm Marketplace app
3rd-4th quarter 2022:
- Metaverse (Phase 2)
- Global distribution of patented Microtuber organic fertilizer to boost saponin content in agriculture products
- Farming for NFT Project Launch
The future of Microtuber will be in the metaverse, nft and p2e sector.
Bà Tân | : End of session 1
Bà Tân | : Session 2: Question From Twitter (will choose 5 question)
Bà Tân | : Question1. Audit is so important to find out vulnerabilities of smart contracts. Could you show us how strong your security is? Did #MCT token complete any audit by third parties?
Edward : Yes that is correct, smart contract vulnerability is a big risk to the business, exchanges and to investors of Microtuber. Therefore, we have been audited by Certik, and received a score of 99/100 on our smart contract audit report.
You can view our certik audit page here, which includes the PDF to the audit as well: https://www.certik.com/projects/microtuber
As many people think security is the biggest problem with smart contracts, we paid the most attention to security using the best blockchain technology.
For security, we used a multi-validator scheme to create our cross-chain bridge. The Microtuber’s cross-chain bridge is built with a total of 5 servers including 3 validator servers and 2 relayer servers. When token swap is in progress, the same information (TxID, TxTime, TxBlock) is transmitted to the three validator servers and is transmitted to the relay server through the internal verification service. In this case, token swap is performed only when two or more validator servers among the three validator servers transmit the same information.
In addition, as the three validator servers are completely independent servers from each other, it is impossible to send a false transaction if a validator is hacked, and it has the advantage of being able to swap in another relay server even if one relay server has a problem.
Microtuber will always audit and take extra steps to create a secure environment when building all of our technical developments.
In the coming future, we believe that farmers in any country around the world can buy and trade seeds in a decentralized way without the use of an intermediary bank.
Bà Tân | : Question2. Each project created has its own mission and goals, so what are “Microtuber “ missions and goals in the future? How important “Microtuber “ will be to everyone in the future ?
Wonik : Our mission is to achieve efficiency in agriculture crowdfunding by connecting users and farmers through our platform and our ultimate vision is to help solve world hunger.
Our company has a philosophy. In the future, climate change and pests will lead the world to an era of food war.
Microtuber is a Verified UN Global Vendor. (Vendor #521001) and is helping many countries with food problems with the world’s first seed potato seed expansion technology.
We created and own a technology that can repair crops and land destroyed by pesticides and fertilizers by planting newer generation seeds and organic fertilizers in order to increase food production in regions ravaged by these chemicals.
Microtuber is a company that is preparing for the global food war by distributing seed potatoes, agriculture seeds, and organic nutrients through MCT tokens anywhere in the world.
Bà Tân | : Question3. With today BSC hyipe is so make all people excited. What your plan for make new solution for keep the investor look at #Microtuber? And if there will be new solution/idea on other project are #Microtuber will add that idea on your system too ?
Edward : Yes, that’s right. Currently, Binance smart chains have the advantage of faster transactions and cheaper gas costs than Ethereum. We continued to keep this in mind and announced the development of the multi-chain project on October 20.
The Microtuber Cross-chain Bridge will be launched on December 9, 2021. Global users will be able to swap MCT tokens between ethereum and binance smart chain. The characteristic of the Microtuber cross-chain bridge is that anyone can easily and quickly swap safely.
Additionally, we applied a multi-chain support on all microtubers’ platforms, so that all platforms will be able to support MCT on both chains.
In addition, L2-MCTP (Layer 2 — Multi Chain Transfer Protocol) technology is applied to myFarm Marketplace, making it easier and faster to swap than other cross-chain bridges, allowing you to purchase products with the MCT token of the desired chain and freely deposit and withdraw the asset in that chain.
Finally, it will be listed on the PancakeSwap (DEX), on December 3rd, 2021.
Bà Tân | : Question4.I want to have a LONG TERM INVESTMENT with #Microtuber , but I’m in doubts right now, how can you convince and assure me this project is SAFE and PROFITABLE?
Wonik : Sure, Microtuber takes an effort to always be transparent and share a long-term vision to our investors to make sure they can believe and trust in the project.
I would like to show you our token allocation so you can better understand:
Maximum Total Supply: 10,000,000,000 MCT
Current Total Supply: 9,997,560,221 MCT
Current Circulating Supply: 882,265,869
Current Market Cap: $8,607,871
Seed-Box Platform (50%): 5,000,000,000
10% 6-month lockup
36-month vesting afterwards,
10% 48-month lockup
12-month vesting afterwards
Company Reserve (13%): 1,300,000,000
36-month lockup 24-month
Core Team & Founder (10%): 1,000,000,000
12-month lockup 48-month
Marketing (9%): 900,000,000
50% 8-month lockup
36-month vesting afterwards
Token Sale (8%): 800,000,000
Early Investors & Advisor (5%): 500,000,000
12-month lockup 48-month
Bounty (5%): 500,000,000
90% 8-month lockup
36-month vesting afterwards
It is currently an ERC20 token but will soon be multichain and will support MCT as BEP20 token as well. The total supply and token economics will always be in balance between these two chains.
Also, our team believes in the vision of Microtuber and is dedicated to go long-term with the project, therefore we have a very tight lock-up schedule and also do buy-back and burns, as evidenced by reduced total supply on etherscan.
Bà Tân | : Question5.How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
Edward : We like to keep our community informed and share any announcements on all our social media channels. We do have local communities as well and will further create new groups when demand is reached.
I will list the social media channels below:
Website — https://microtuber.io/
Telegram English — http://t.me/microtuber_en
Telegram Korean — http://t.me/microtuber
Twitter — https://twitter.com/micro_tuber/
Medium — https://microtuber.medium.com/
Facebook — https://facebook.com/MicroTuber
SeedBox — https://seed-box.io/
MCT Cross-Chain Bridge — https://bridge.microtuber.io
CoinGecko — https://www.coingecko.com/coins/microtuber
Coinmarketcap — https://coinmarketcap.com/currencies/microtuber/
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @YiEdward & @MCTCeo ���
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 | : 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 @YiEdward & @MCTCeo some time to go through them.
Bà Tân | : @YiEdward & @MCTCeo Please choose the best 5 questions and answer it for session 3, Thank you.���
Q1. Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
Edward : Yes, we currently have held few buyback and token burns to increase the value of token and keep a healthy sustainable token economy. We plan to continuously do so periodically. Burns can be checked on our etherscan for transparency.
Q2. Which market, partners and community are you presently focusing on collaborating with at the moment?
Edward : At the moment, we are focusing on the global community, as we have only been marketing domestically in South Korea.
We are focusing on partnering with metaverse, nft, and defi blockchains as well as offline supply chain and franchise retailers to help with distribution.
Q3. Nowadays, NFT is becoming more popular, many projects come out related to NFT. So how do you rate the potential that Microtuber NFT can bring? Do you have any plans to make NFT become a new market trend?
Edward : LAND, SEED, and items will be projected as NFT’s to show ownership and utility function in our MetaFarm. We will also incorporate NFT’s in Seed-box for those who decide to use the platform to stake in MCT. Stakers will be able to receive exclusive NFT cards that can be used right away in the metaverse.
Q4. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes Microtuber project different from other projects?
Edward : Our project is unique in that we are a reverse ICO company. We have launched our business and have operated for quite a while before implementing the blockchain ecosystem.
All the technical development milestones in the roadmap has been met and launched successfully, including the cross-chain bridge that will be released on december 9, 2021. We will continue to strive to meet and create new developments to incorporate with the Microtuber ecosystem, including the upcoming metaverse in 1st quarter of 2022.
Q5. Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?
Edward : Currently, only Korean KYC users are able to purchase MCT on Gopax Exchange.
On December 3, 2021, our MCT will be launched on the binance smart chain and PancakeSwap listing for all global users to have access to trade and to use the utility of the MCT token.
Our current ERC20 contract address is: https://etherscan.io/token/0x6876eba317272fe221c67405c5e8eb3b24535547
We will release our BEP20 contract address shortly before PancakeSwap listing, so please look out for it in our social media announcements.
The benefits of owning an MCT token is that you will be able to create passive income by supporting farmers through real-life staking projects, then able to purchase them after staking.
MCT token will also be used in the MetaFarm as currency to participate in mission for P2E and NFT farming within the metaverse.
Bà Tân | : Thanks for the useful information from @YiEdward & @MCTCeo
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @microtuber_en for answers.
Bà Tân | : IM Community, if you would like to know more about Microtuber ! here are some useful links for you:
Official Website: https://microtuber.io
Edward : Thank you for having us Im Community!
Bà Tân | : Allright, I declare the Im Community AMA with Microtuber has ended.
Thanks to @YiEdward & @MCTCeo | Microtuber joined us and provided us with Microtuber information, we hope that this knowledge makes us understand more about https://microtuber.io (https://microtuber.io/)
To the members, thank you for following this event to the end. winners will be announced soon.
Wonik : Thank you for all the support and enjoyed doing AMA with everyone :)