MILC Platform x Im Community AMA Recap
🐋 TELEGRAM AMA: Im Community & MILC Platform 🐋
⏰ AMA Timing : 28 April 2021 l 12:30 AM UTC l 19:30 GMT+7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
Bà Tân | : Welcome @KartikArora99 from MILC Platform
Bà Tân | : Welcome everyone. Today Im Community will host AMA with MILC Platform.
Bà Tân | : Today our guest is: @KartikArora99 from MILC Platform .
Bà Tân | : Please introduce yourself a bit: @KartikArora99
Kartik Arora | Will never DM first : Sure.
Hey guys,
I am Kartik Arora. I have been working on the community/marketing front in this industry for more than 4 years now, and I have built a fairly good network since.
I have worked for quite a few projects while being in the background, and recently got this opportunity to be a contributor in the MILC Project. I will be leading the marketing front for MILC, and will be using my well-established network to create most awareness about it.
A little Team Background:
MILC platform is being developed by Welt der Wunder TV team.
Welt der Wunder has been in the media industry for over 25 years, and are a well-established firm in Germany and the DACH region. They have years/decades of experience in Content management, licensing, buying/selling, production and broadcasting industry.
MILC platform will take the media industry a step ahead by solving some prevalent issues that this industry faces all over the world. 🎬
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 MILC Platform
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://mobile.twitter.com/IM_Communityitw/status/1387219338042564611).
Sessions 3: The conversation will open to the community questions and the 5 best questions will be selected.
Bà Tân | : Rules to follow AMA : ⤵️
▫️ Join : Telegram group Media Industry Licensing Content (MILC) , (https://t.me/MILCplatform) MILC Announcements (https://t.me/milc_announcement) and IM Community (https://t.me/imcommunityitw) , Channel Im community (https://t.me/imcommunityit)
▫️Follow: Twitter Media Industry Licensing Content (https://twitter.com/MILCplatform) and IM Community (https://twitter.com/IM_Communityitw)
Web & Community:
Bà Tân | : Start session 1 AMA @KartikArora99
Bà Tân | : Question1. Please introduce briefly about your team and some products of MILC Platform ?
Kartik Arora | Will never DM first : So MILC platform is a product from Welt der Wunder team.
Welt der Wunder TV is an independent factual entertainment free-to-air TV-network in Germany and Switzerland. It is one of the best-known media brands in the DACH region and has been active in the market for more than 25 years.
Website: https://www.weltderwunder.de/
Youtube: https://youtube.com/c/WeltderWunder
The same team is handling the development of the MILC platform, and Hendrik Hey is the CEO of Welt der Wunder and MILC accordingly.
Quickly about MILC platform:
MILC platform aims to provide the industry with an open new marketplace for every professional and non-professional content provider and buyer that incorporates cutting-edge broadcast, blockchain and AI-technology which can become a game-changer for the entire media content industry.
It solves four fundamentally important challenges of the global media industry:
- Global availability,
- Discovery process for Buyers,
- Complex licensing,
- Early feedback from viewers.
MILC will ease up the licensing process, help in reducing the cost of generated content by removing middlemen, get early feedback on generated content directly from the consumers, and will make the content available all around the world in one go.
Simple but a long-awaited solution at one place! 👌
Bà Tân | : @KartikArora99 Please say “Done” when you have finished the question, thank you.
Kartik Arora | Will never DM first : Sure.
Done!! 🎬🎬
Bà Tân | : Question2. What are the advantages of the MILC Platform ?
Kartik Arora | Will never DM first : MILC platform provides various features and benefits to Content Creators, Publishers and Viewers.
Creators will be able to upload their content, monetize it according to their terms, promote/market it, and even get funded from the community (Content Launchpad).
Publishers will get access to tons of content which is readily available for reuse/broadcast because of the easy licensing procedure.
Viewers gets tons of content at fingertips, at low price and in their local language because of AI-translation and subtitling features.
Plus they will also be able to propose and vote on changes because of thr governance features.
MILC platform will be a one-stop platform for all your needs! 🎬
Done! 🎬🎬
Bà Tân | : Question3. How has the experience and background of your team been effective in the success of your project so far?
Kartik Arora | Will never DM first : 25 years of experience in the media industry. You get to know a lot of things in such a big timeframe.
Obviously the team realised various issues in the traditional media licensing industry, and thus work on MILC platform began.
Team internally tested the platform for years on 2 media broadcasting firms, Welt der Wunder and Swiss TXT (our technical partner).
It has been running without any time, which is a big deal in itself.
This makes us confident that our product is ready to tackle real world problems on its public launch, and we are very excited to show the world what we are building! 🔥🤝
Done!
Bà Tân | : Question4. What is MILC Platform plans for this year?
Kartik Arora | Will never DM first : Our biggest milestone in the near term is our platform launch, which is expected in just 3 months (or less).
Team has worked on the platform development since 2017, internally tested in 2 media firms for years, and now we are very close to its public launch! 🚀
Accordingly we are also having our TGE event very soon, expected in Early May, as the $MLT token will play a key role in the MILC platform! 🎬
Done! 🎬
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/1387219338042564611).
Bà Tân | : Question1. @Patternboy11
(https://twitter.com/Patternboy11)About the MILC token workflow, Buyers pay with Fiat. Why can’t we pay with cryptocurrency?
Kartik Arora | Will never DM first : Actually the buyer can with FIAT or $MLT tokens.
However he pays it, the integrated exchange API will covnert that into $MLT tokens anyway, as $MLT tokens is required for purchases on the MILC paltform.
Check this: https://twitter.com/MILCplatform/status/1382390810524602370?s=19
And Done! 🎬🎬
Bà Tân | : Question2.@Lidiamga
(https://twitter.com/Lidiamga)Marketing strategy is very important for every projects. A products be established on the market without marketing & promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?
Kartik Arora | Will never DM first : Community will play a big role in the MILC platform.
They will be able to vote on governance, participate in critical decisions, join Content Launchpad and so on. Their contribution is required, and thus their opinions will matter the most.
There will also be an Ambassador program live soon for the community to participate and earn rewards/insights, in return for the awareness/edcuationary efforts they put in to promote MILC platform. 🎬
Done! 🎬
Bà Tân | : Question3. @SakibAh22256343
(https://twitter.com/SakibAh22256343)For there to be sustainable supply, there must be demand, how do you plan to attract users, incentivize them in the early stages of deployment?
Kartik Arora | Will never DM first :
The token of MILC platform will be $MLT.
- $MLT token will be used to pay for any purchase taking place on MILC platform. $MLT token represents a one-click-solution including contract signature, approval and payment.
- $MLT token will also be used as a governance token for the community to propose and vote for changes in the platform features, or in token utility.
- The MILC platform will also act as a “Content Launchpad”, where content creators can get funded for their work, and $MLT token will be required to participate in that.
- And we will also support the $MLT token staking with our platform launch.
All above points will help in attracting users at early stage, and in being with us for the long term! 🎬🎬
Done! 🎬
Bà Tân | : Question4. @Diana_4009
(https://twitter.com/Diana_4009)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’s developement Can you tell us that how your project generate the profit?
Kartik Arora | Will never DM first : Yes we recently had our private round which was highly oversubscribed.
We are good on the fundraising side, which will help us in funding our future developments and staff.
The MILC platform will charge 10% fee on all purchases, which is significantly lower than other platforms (30–50%).
Plus this 10% commission will also decrease as the paltform sees adoption.
This means the platform will share its success with its contributors! 👌🙌
And done!🎬
Bà Tân | : Question5.@Braven990
(https://twitter.com/Braven990)What are your targeted customers and audiences for the market?what are your strategies to aware for non english community?
Kartik Arora | Will never DM first : We did covered this in our recent tweet:
https://twitter.com/MILCplatform/status/1386053972251668481?s=19
All Content Creators, Publishers (Streaming platforms, VOD, Broadcastings firms etc) and Viewers from all over the world are our target audience.
Through the use of Ai-subtitling and Ai-translation, content will be available to global users in their local language.
This exponentially grows the target audience, gives more content to viewers, and also increases profit for the content creators.
And done! 🎬🎬
Bà Tân | : End of session 2
Bà Tân | : We’ll move on to session 3
Sessions 3: The conversation will open to the community questions and the best questions will be selected.
Bà Tân | : Those who haven’t joined @MILCplatform group will not be eligible for AMA rewards, make sure you did.
Bà Tân | : Thanks for the questions from the community
Bà Tân | : @KartikArora99 Pick the 5 best questions and answer it for session 3.
Kartik Arora | Will never DM first : Amazing response! 😄
Don’t forget to join our MILC chat guys:
Picking 5 good questions now! 🙌
Q1. Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
Kartik Arora | Will never DM first : We have our own technical partner — SwissTXT, along whom we have developed the MILC platform.
It has been internally tested for years now.
And Swiss TXT is in the broadcasting technical industry since 1983!
More about SwissTXT: https://twitter.com/MILCplatform/status/1380913465527693318?s=19
Q2. Token burning is beneficial to any project because it can control the number of tokens in circulation and provide investors with greater incentives. Does your great project have a plan for token burning?
Kartik Arora | Will never DM first :
This is more of a value capture question. $MLT token will capture value through platform adoption.
- Purchases happening on MILC platform will require FIAT or $MLT token.
- If paid with FIAT, our integrated exchange API will just convert it into $MLT token as $MLT token is required for all payments in MILC platform (Buybacks). It acts as a one-step solution to contract signature, approval and payment.
- Plus a certain percentage of the transaction fees will also be burned, thus $MLT token will be a deflationary token.
Q3. Until what corner of the world do you plan to arrive? that is, to what extent in the world do you think MILC will be solving people’s problems with their infrastructure?
Kartik Arora | Will never DM first : MILC platform will be accesible all over the world.
Blockchain is decentralised, and we are using this heavily in our MILC platform.
Any content uploaded on MILC platform will be watchable in any part of the world, plus in their local language because of the AI features we provide.
There will never be shortage of content this way.
Q4. Can you list 1 or 2 deadly features that make #your project stand out from its competitors? What competitive advantage does your platform have that make you feel the most confident in yourself?
Kartik Arora | Will never DM first : There are few projects who are focusing on the social media side, but their scope is limited. Plus the content uploaded on their platform can’t be properly monetized.
In MILC platform, you will be able to put a “price tag” on your content.
This way anyone who wants to reuse your content will be able to just pay you upfront, and then use the content in the manner he desires.
This makes the legal/licensing process much easier for both parties.
MILC platform will standardize the tough licensing process faced by the media industry people for a long time, and will also provide a platform for B2B and B2C industry. Not just one.
This way, MILC platform will act as a digital marketplace for both professional and non-professional creators and buyers, and our added features will make it a one-stop platform for all your needs!
Another important thing to note is that our platform has already been stress-tested in 2 media broadcasting platforms for years now.
All above points make us confident that we are way ahead of any competition in this space. 🎬
Q5. Can you explain how to distribute your Tokenomics? How many tokens will be minted? And how many tokens will be locked by the group?
Kartik Arora | Will never DM first :
These two images will clear all your doubts about token supply, and its distribution. 👌👌🤝
Bà Tân | : Thanks for the useful information from @KartikArora99
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @MILCplatform for answers.
Kartik Arora | Will never DM first : Amazing.
Thanks for the great AMA guys.
It was a pleasure to be here! 😄
Bà Tân | : Allright, I declare the Im Community AMA with MILC Platform has ended.
Thanks to @KartikArora99 | MILC Platform joined us and provided us with MILC Platform information, we hope that this knowledge makes us understand more about https://www.milc.global/
To the members, thank you for following this event to the end. winners will be announced soon.
Bà Tân | : Today’s AMA winners please PM @quocnguyen1234 to provide reward information. Thanks everyone .
