NEXTYPE x IM community AMA RECAP
🐋TELEGRAM AMA: Im Community & NEXTYPE 🐋
⏰ AMA Timing : 26 January 2022 l 02:00 PM UTC l 21:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
➡️ The reward pool for the best 5 questions from Telegram is $50($10 Each) 💸
➡️ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) 💸
Bà Tân | : Welcome @Ronn96 from NEXTYPE ���
Bà Tân | : Welcome everyone. Today Im Community will host AMA with NEXTYPE
Bà Tân | : Today our guest is: @Ronn96 from NEXTYPE
Ahrix : Welcome @Ronn96 to the IM community.
Bà Tân | : Please introduce yourself a bit @Ronn96 ���
Ronn | NEXTYPE : Hello guys. It’s my pleasure to be here introducing NEXTYPE to IM Community.
Ronn | NEXTYPE : I’m Ronn, COO of NEXTYPE. Before working at NEXTYPE, I had almost 10 years of experience in a famous game company, in which I was in charge of the operation of more than ten games. Some of them are truly successful, and the MAU is up to 1 million.
Bà Tân | : Thanks for the introduction.
Bà Tân | : Today’s AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1485814646456320003) (will choose 5 question)
Session 3: Free Asking (will choose 5 question)
Bà Tân | : Start session 1 AMA.
Bà Tân | : Question1. Can you briefly describe what is NEXTYPE? We would like to know more about it and how it works. @Ronn96
Ronn | NEXTYPE : We define NEXTYPE as an integrated blockchain game distribution platform, focusing on self-developed GameFi products, traditional games remaking with blockchain, and top IPs commercialized and empowered with NFT. As a blockchain game platform, NEXTYPE is dedicated to providing players with the top blockchain game experience and building a next-generation Gameverse in the upcoming Metaverse.
You can learn more about NEXTYPE from our official website: https://nextype.finance/
Ahrix : Please say “Done” when you have finished the question, thank you.
Ronn | NEXTYPE : We have launched 2 blockchain games before:
MiningTycoon is the Economic System Engine of NEXTYPE. Its core function is to produce NEXTYPE’s platform token NT. MiningTycoon is the first game in the NEXTYPE ecosystem with virtual mining as core gameplay. It has been launched for 6 months with 300,000 users and $22M TVL. Players could stake to mine NEXTYPE ecology token $NT in several exciting ways.
The new version V2 is launched on HECO. Experience it here: https://v2heco.btcmining.game/
REBORN is the world’s first episodic drama-type blockchain game.
Players can start game life with Ticket, which needs to be bought with NT, or NFT Life Node Cards to experience over 10,000 random life events. In the game, players have to strive to live longer to win higher prizes. Furthermore, the prize pool in the game will get bigger with more players joining, so there are chances for players to earn massive incomes.
Play REBORN here: https://reborn-app.nextype.finance
More self-developed games are under development, including NEO FANTASY, Maiden Des Dragon, RacingTycoon, and CITYOON, which are expected to be presented.
Moreover, NEXTYPE will cooperate with high-quality blockchain games development teams to construct the NEXTYPE products matrix for more than 300,000 players.
Bà Tân | : Question2. What are the outstanding features of the NEXTYPE project compared to other projects?
Ronn | NEXTYPE : Compared with other GameFi projects, we would take the design of the economic system of NEXTYPE’s products as the most important part, design and test them repeatedly, seeking the perfect match between the gameplay and the economic system so that players can have more fun in the game as well as earn the revenue. The design of P2E will be softer to ensure a positive economic ecology and maintain its vitality. In this regard, the success of Axie Infinity can be referred to.
Also, the eco-economic closed-loop of NEXTYPE should be noticed. Players can obtain NT through mining in MininngTycoon and use NT to purchase when new games or props are presented, which can significantly reduce the initial investment. As well as transferring NFT from previous games to new games by NFT minting. NT will also have a better value as it is continuously burnt. This is the greater advantage of the platform over a single product. The fundamental to achieving this closed-loop is to keep launching fun games to players. This is why we insist on self-developed games and a GameFi Incubator.
Bà Tân | : Question3. What role does the $NT token play in your ecosystem? What are the benefits of long-term holding?
Ronn | NEXTYPE : NT is the most important circulating token in the whole NEXTYPE ecology. The total supply is limited to 1,000,000,000, which are currently issued on both HECO and BSC, and will be operated synchronously in multiple chains later. At present, the total circulation is about 90M, and the maximum mining output will be 140M by July next year.
The value of NT depends on the application scenarios within the ecosystem and the circulation within the economic model. At present, holding NT can participate in MiningTycoon mining to earn revenue, participate in REBORN to win game rewards, open NFT Mystery Boxes to obtain in-game NFT cards, unlock mini-games in NT GameBox, and pay for game props in each game.
After the abundance of ecological products, NT will have more value!
1. Participate in IGO with priority when the new game goes online according to the number of NT holding/staked, the computing power, and level in MininnTycoon to win NT rewards and Whitelist qualification.
2. Purchase new game NFTs with discount when first released
3. In NDEX, NT and new game tokens will form liquidity pairs, and these LP tokens can be staked in MiningTycoon to earn additional revenue.
4. Participate in platform governance (DAO), such as voting on the gameplay system and economic model of new games, to really allow players to participate in the game R&D and create games belonging to the community together. Meanwhile, you can also run for positions like administrators and CMO in Game Guild. The final candidates will be selected by community voting and win the corresponding NT reward.
In addition to rich application scenarios, NT also has a continuous burning mechanism. The burning process is publicized on the official channels every week.
Therefore, the future value space of NT is vast. Referring to the development route of ETH, BNB, and other ecological platforms tokens, the value of NT will be gradually excavated and amplified in three to four years. At present, it is still at a low price, and the cost of putting into the game is relatively low, which is a better time.
Bà Tân | : Question4. Can NEXTYPE team please update some NEXTYPE latest news or major events to attract more users? @Ronn96
Ronn | NEXTYPE : Sure. As I mentioned before, MiningTycoon V2 is officially launched and there will be some bonus events for our players to participate in and win, including some joint Airdrops with other projects.
And we are cooperating with some GameFi projects to launch their projects in NEXTYPE, which we call IGO. Our players could access the initially offered tokens/NFTs from ecological game partners in a secure, decentralized, and user-friendly way.
And there are more games under development that are expected to be presented in the first half of 2022:
NEO FANTASY is currently still in development. We have put a lot of effort into the art design of this product, and there are some creative gameplays in the economic model. The game will be presented in the way of independent APP. We expect that it will be launched during the spring of 2022.
Maiden Des Dragons, a TCG-type blockchain game. We plan to introduce some gameplay that requires strategies to the GameFi world and add P2E elements based on gameplay, making players enjoy the game with a sense of strategy while gaining revenue through DeFi-based gameplay.
Racing Tycoon is a racing-themed blockchain game. Players need to collect various NFT components to assemble a racing car and compete with other players for ranking and rewards. There would be many types and varieties of NFT components. Each player can assemble different racing cars based on their understanding of the game to participate in various races. Players can gain revenue in the process of collecting advanced components and participation in advanced races.
Bà Tân | : Question5. What is the development plan of the NEXTYPE project at present and in the future?
Ronn | NEXTYPE : First of all, the key point that we should make clear is that NEXTYPE is created to be the world’s leading blockchain game distribution platform.
Based on this, NEXTYPE will continuously focus on the new game release and the infrastructure for the distribution platform in the next step.
To achieve this target, the NEXTYPE team would focus on three things:
Distribution and Operation of High-quality GameFi Products. NEXTYPE will cooperate with high-quality GameFi projects and help them to distribute and operate blockchain games, which will provide access to the initially offered tokens/NFTs from our ecological game partners to our users in a secure, decentralized, and user-friendly way called IGO (Initial Game Offering).
Development of GameFi Infrastructures. In the future, the products like NSWAP, NDEX, and NT Gamebox will form the infrastructures of the GameFi field bringing our users the whole experience including the primary market, secondary market, NFT minting, auction, lending, and synthesis, which will provide a more significant improvement value for each game under the NEXTYPE ecosystem.
Blockchain Game Incubation. NEXTYPE will cooperate with world-class institutions to jointly establish GameFi Incubator to provide global blockchain game teams with the whole process of product incubation services, including support for funding, technology, resources, users, exchanges, etc. Meanwhile, blockchain games incubated by NEXTYPE will form a strong connection with the NEXTYPE ecosystem, which can effectively increase NT value.
In 2022, we will complete the development and present the functions and infrastructure of the entire distribution platform, including MiningTycoon V2, the NFT Auction, Minting, Synthesis, and Lending in NFT Master, NDEX, NSWAP, and the full function of NT Gamebox. By combining these functional products, players can easily find the newest and most integrated blockchain game information and complete the trading, cross-chain, and exchange of various game tokens and NFTs in the most convenient way.
Bà Tân | : End of session 1
Bà Tân | : Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1485814646456320003) (will choose 5 question)
Bà Tân | : Question1. About your NFTs, Can you explain further about the utilities of these NFTs within your platform? Are they meant to be held as simple collectibles or will they have additional benefits? Also, will you have your own marketplace to sell and buy the “NEXTYPE” NFTs? @blackrose11221
Ronn | NEXTYPE : NFTs in NEXTYPE is not just something you can collect. We will empower them with special game benefits. You can use them as game props to increase the APR and earn more NT, or you can just stake them in the NFT Mining Pools to earn NT directly. Besides, the beta test of NFT Arena will be launched tomorrow, where you could form your NFT Squads to battle with the opponents to win massive NT rewards.
If you want to acquire NFTs issued by NEXTYPE, please access NFT Master, the official NFT trading platform in NEXTYPE, on which you can buy or sell your NFTs.
Bà Tân | : Question2. Staking is the new trend. What staking options are available for $NT (https://twitter.com/search?q=%24NT&src=cashtag_click) token? Are there any incentives for staking? What are the various ways to earn token and are there any limits to amount of $NT (https://twitter.com/search?q=%24NT&src=cashtag_click) I can earn? @imad_clicks
Ronn | NEXTYPE : Staking is the main gameplay of MiningTycoon:
1. Players who just enter the game without NT need to stake USDT to mine NT. Once got NT, players could choose to stake NT or USDT+NT to gain higher yields.
2. For advanced players with Mining License, they can stake USDT+Mining License to get fascinating BTC rewards.
3. The NFT Mining Pool is also launched in MiningTycoon V2, where you can stake the designated NFTs issued by NEXTYPE to earn $NT revenue.
And no limits there. You can keep earning NT if you keep staking in MiningTycoon.
Bà Tân | : Question3. There is little information of the GND STUDIO, but they are a multidisciplinary group of members. However, can you give information about this group of technological development of the NexType foundation? And in the future will you add more members from other parts of the world? @CD7978 (https://twitter.com/CD7978)
Ronn | NEXTYPE : GND Studio, the team of NEXTYPE, is composed of pioneers in the game industry, blockchain technology geeks, fintech elites, who have worked for NGBI/Activision/Standard Chartered Bank/Reuters/McClaughill, and other global well-known companies.
The core members are in the USA, Russia, Japan, Korea, Canada, Hong Kong, Australia, with distributed collaboration as the primary way of working.
Bà Tân | : Question4. Crypto currencies are not so popular in Southeast Asia market, some countries like Vietnam, Philippines, Indonesia, etc. Do you have any plan to reach these potential crypto countries? @ImranBDLT
Ronn | NEXTYPE : We are focusing on the global market and our products support different languages to be available for global users.
As of now, we have established several local communities, including Vietnamese, Arabic, Spanish, Chinese, Japanese, Indonesia, India&Perkistan. Here are the links you can join in.
(https://t.me/nextyperussian)Turkish Group (https://t.me/nextypeturkey)
We have held many AMA events in the communities before. And we will keep promoting in the global market. If you are capable and interested in helping us to promote locally, please just contact me directly. We would like to cooperate with local influencers to attract more new users.
Bà Tân | : Question5. NEXTYPE provides an initial distribution channel of encrypted tokens for various initiators of DeFi-based blockchain projects in games. Why these tokens will be encrypted? What will be the usefulness of token encryption and how will its acquisition empower users? @blackrose11221
Ronn | NEXTYPE : We call this Initial Token Distribution Channel IGO, which will provide GameFi partners with a great way to gain a solid and broad user base in the short term and actual engagement in product usage and feedback.
- Form Solid Earlier User Base:
NEXTYPE users are highly-experienced players in the GameFi space with abundant professional knowledge in crypto fields. Therefore, they will form a solid user base, especially for young projects.
- Generate Users Awareness:
There will be mandatory tasks for players to be whitelisted, guiding them to know your project profoundly and grow your social media accounts with legitimate users, establishing a direct method of communication towards your audience
- Complete Wide and Fair Token Distribution:
The Initial Game Offering (IGO) mechanism will prevent whales from taking over projects before they get a chance to truly develop and spread the project’s tokens all across the world to more than 140 countries that NEXTYPE players exist in.
Bà Tân | : Congratulations to the winners of session 2.
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @Ronn96 ���
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 | : Don’t forget to join the group https://t.me/nextypegroup
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 @Ronn96 some time to go through them.
Q1. Do you have burning and buy back mechanism to help the value of your token. By boosting the value?
Ronn | NEXTYPE : Of course, we have a Token burning mechanism and it is very easy to understand.
15% of USDT and other tokens supported in games, paid by players in MiningTycoon and other cooperative games, will be used to buy NT back from the secondary market to burn. And 50% of NT paid by players will be burnt directly.
And the upper limit of burning is 20% of the NT total supply volume.
Up to now, the total NT burnt is 764,986.
The burning process will be announced weekly on our official channels. You can see more details about NT here: https://nextype.finance/get_nt
Q2. Safety of the platform is very important where many projects gets hack & bugs in the earlier period so what security measures are adopted ?will there be a Audit from third party company & will you have bug bounty programme ?
Ronn | NEXTYPE : Users’ assets security is our top priority.
First, every operation related to users’ crypto assets is carried out via well-tested and deployed smart contracts. There is no way for anything (including the NEXTYPE developer team) to manipulate users’ assets.
Second, all smart contract source code is available in the GitHub repo. Anyone is welcome to review the source code and compare it with the deployed version on the blockchain.
Third, our smart contract source code has been audited by the prestigious security company CertiK. Before our launch, they have helped us test and improve the security mechanisms. Here is the audit report: https://www.certik.org/projects/nextype
So, we can guarantee that users in NEXTYPE will never face security issues.
Q3. Tokens from all projects have main utility & practical goals! So can you tell us what is the main role of your Token in the ecosystem? What are the real world utilities & use cases?
Ronn | NEXTYPE : NT plays a very important role in the NEXTYPE ecosystem. And we created a variety of scenarios for NT consumption:
1. Staking: As previously mentioned, the players can gain extra yields from all kinds of games presented or supported by NEXTYPE through staking their NT.
2. Game Purchasing: Every game launched by NEXTYPE next will set the NT recharge function. Players need to use NT to purchase NFT, props, or other assets in the game, to realize NT buybacks and increase NT value.
3. DAO Governance: Players could participate in the NEXTYPE Governance by NT voting.
4. Burning: We will implement a burning mechanism, in the future, 15% of each week’s yields, generated by the MiningTycoon and other cooperative games, will be bought back from the secondary market to burn. And the upper limit of burning is 20% of the NT total supply volume.
NT now is listed on Huobi Exchange and many other main Dexs on both BSC and HECO. You can buy NT here: https://linktr.ee/NT_Buying
Q4. Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?
Ronn | NEXTYPE : HECO is our most prominent partner. They provide huge support for NEXTYPE, such as hosting AMA in HECO global community, holding airdrop events jointly, and inviting us to join the Lucky HECO Event, which is very important for a project at an early stage.We have also reached cooperation with many quality projects and held joint events since TGE in July, including BitKeep Wallet, SafePal Wallet, MDEX, BakerySwap, Coin98 Wallet, TokenPocket Wallet, etc.
And we have been formally invited to join the BGA, Blockchain Game Alliance. So far, BGA has attracted more than 100 well-known institutions such as Ubisoft, AMD, Aave, Opensea, Metamask, Matic. We will work with BGA and its members to promote the application and development of blockchain in the game field.
Besides, we have reached strategic cooperation with SeeSea Japan, a well-known Japanese company, and Quaras, a subsidiary of Fuji Media. This is an important milestone for us to enter the Japanese IP market. Including some well-known anime IPs, we have signed up with more than 1000 IP units covering the mainstream IP from China, the US, Japan, and other countries. These cooperative IPs will generate a variety of NFTs on chains in the form of various derivatives.
We are also looking for more cooperation to bring more benefits for our users.
Q5. Currently from where i can buy ? Is it possible that I can get only by holding it?
Ronn | NEXTYPE : Out token NT has been released on both HECO and BSC. So you can buy NT on mainstream Dexs on these 2 chains, such as Mdex, Pancake Swap and Bakery Swap.
Besides, NT has been listed on Huobi Exchange which is the top Cex worldwide, so you can buy NT there as well.
And you can find NT on most of mainstream wallets now, including SafePal Wallet, Coin98, BitKeep Wallet and TokenPocket.
Ronn | NEXTYPE : 5 answers done!
Thanks for your hosting and everyone’s attention.
This is a great AMA.
Bà Tân | : Thanks for the useful information from @Ronn96
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @nextypegroup for answers.
Ronn | NEXTYPE : If you guys got more questions, please join NEXTYPE group and ask me.
Ronn | NEXTYPE : See you there!
Bà Tân | : IM Community, if you would like to know more about NEXTYPE ! here are some useful links for you:
Official Website: https://nextype.finance
Bà Tân | : Allright, I declare the Im Community AMA with NEXTYPE has ended.
Thanks to @Ronn96 | NEXTYPE joined us and provided us with NEXTYPE information, we hope that this knowledge makes us understand more about https://nextype.finance (https://nextype.finance/)
To the members, thank you for following this event to the end. winners will be announced soon.