TELEGRAM AMA: Im Community & Only1 🐋
⏰ AMA Timing : 06 OCTOBER 2021 l 01:00 PM UTC l 20:00 GMT+7
Venue For AMA : https://t.me/imcommunityitw

🎁 Reward Pool 100 USDT
Bà Tân | :
Welcome @jc_jojo from Only1.

Bà Tân | : Welcome everyone. Today Im Community will host AMA with Only1.

Bà Tân | : Today our guest is: @jc_jojo from Only1.

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 Only1

Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1444120159874994178).

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)

🗣Only1 — NFTs Gone Social (https://t.me/only1nft)

🗣Only1 — Announcements (https://t.me/only1official)

🗣Twitter Only1 (https://twitter.com/only1nft)

👉More information about Only1 :

🗣Website (https://only1.io/)

🗣Discord (https://discord.gg/hBgh3q3cXW)

Joey Cheng : Sounds good. Fire away!

Bà Tân | : Start session 1 AMA @jc_jojo.

Bà Tân | : Question1. Would you mind introducing yourself, telling us about your background and the team working on Only1? @jc_jojo

Joey Cheng : Sure

First of all, I’m Leon, Founder & CEO of Only1. I was trained as a genetic engineer, then worked in tech ever since. I also participated in ICOs earlier in 2017, so as a builder I always wanted to build something in crypto. Our senior developer — Dan, was previously the senior developer at Binance, and Dash. Our design lead — Damir, he was also previously in Binance & Binance Academy. Our blockchain engineers are Akira and Kenta, Akira has been working in blockchain development for a while and have helped launch Openswap, fork of Uniswap, Kenta is our Solana program expert with many years in being distributed systems engineer specializing in Rust & WebAssembly. Our COO — Joey, started out in Marketing, then moved onto Business Development with a focus on Business Intelligence and Digital innovation. And of course our CMO Michael (MOJO), was the CMO at Bondly Finance and have led many NFT campaigns across celebrities.

As for our investors, we are forunate to be backed by a couple of investors like Alameda Research, who has a very reputable brand name and experience in the industry, Duckdao who has an extensive network of syndicates and crypto-marketing network, Liquefy Labs, GBV, NGC Ventures, Animoca Brands, Gate.io, Kyros Ventures, etc.

over

Bà Tân | : Question2. Can you briefly describe what is Only1 ? We would like to know more about it and how it works. @jc_jojo

Joey Cheng : Only1 is the first NFT-powered social media built on Solana — the most scalable blockchain to date.

Creators are facing issues with monetizing their social media activities in legacy social platforms like Instagram Facebook YouTube etc. Our goal is to allow them to monetize directly without the need of third parties.

Each onboarded creators will have a staking pool of their own with APYs that change according to their social media activities. And they would earn from a % of the TVL.

over

Bà Tân | : Question3. What are the products that Only1 team is developing ? What outstanding features does it have? @jc_jojo

Joey Cheng : We leveraged on 2 novel NFT applications to achieve seamless creator-user engagements: Genesis-NFT & Content-NFT farming.

Firstly, Creator Genesis-NFT (and Creator Staking) — each onboarding creator will be minted a Genesis-nft which they can associate perks with (e.g. mentor the Genesis-NFT owner how to trade). Users can stake their $LIKE tokens on individual creators and each creator’s APY will adjust according to their activities on the platform. And by holding the creator’s Genesis-NFT, you can also earn a small % of the staking pool’s APY.

Secondly. Content-NFT farming — creator can post exclusive content in the form of NFT to be sold in our marketplace, the user who bought it will be able to see its content, but for the rest who dont prefer to pay the expensive price, they can pay the unlocking fee (which can be low like 1 $LIKE, depending on the creator) to view the content, part of the unlock fee will go to the creator, and the other to the content-NFT owner.

Except for these 2 features, we have Governance in which DAO (i.e. $LIKE holders) can determine what features or enhancements they would like to see on our platform; AND donations, where users can donate to their favorite creators. Mobile app development is also on our plan to ensure best experience.

over

Bà Tân | : Question4. Have you made any agreements with companies, projects or notable developers at the moment? @jc_jojo

Joey Cheng : Haha one thing I think will get you all excited is that we hired an animator who used to work at ToeiAnimation and did Dragon Ball Z & One Piece for our INO (https://only1.io/what-is-initial-nft-offering-ino/). Follow our twitter & Discord to get a sneak peak of our NFT and all the latest information about us!

over

Bà Tân | : Question5. What are the milestones, upcoming target and roadmap of Only1 ? @jc_jojo

Joey Cheng : We had launched our beta on 30th September, the first 1000 access code has been used in the first 30mins and over 4.5 million $Like has been staked so far! And our Initial NFT Offering [INO] (If you don’t know what that is, check out our website for detail information!! https://only1.io/what-is-initial-nft-offering-ino/) on 7th October (which is tomorrow!). So those are pretty big for us! We also have plans for public launch, mobile application development and other features/enhancements planned for later this year. So please follow us and stay tuned!

over

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/1444120159874994178).

Bà Tân | : Question1. Can you share the tokenmics and utility details of your tokens? Where can I buy it and what is its current price? Can you give all the links to your platform if possible? @jc_jojo

Joey Cheng : Below is our Tokenomics;

Seed & Private — 9.96%, 8.36% TGE unlock, daily vesting over 24–36 months;

Public Sale — 0.33%, 100% TGE unlock;

Team — 10%, 6 months cliff, monthly vesting over 48 months;

Advisor — 5%, 6 months cliff, quarterly vesting over 48 months;

Liquidity — 15%, 10% TGE unlock, monthly vesting over 48 months;

Community — 35%, 5% TGE unlock, monthly vesting over 60 months;

Ecosystem — 15%, 5% TGE unlock, monthly vesting over 48 months;

Reserve — 9.71%, usage determined by DAO

$LIKE token can be used for various functions on Only1 Platform;

1. NFT Market Place Transactions

2. Content NFT Farming

3. Staking on creators’ staking pool

4. Governance (DAO)

5. Donations

It can be purchased via multiple DEX and CEX;

1. Raydium

2. Gate.io

3. AscendEX

4. MEXC

5. BitMart

6. Serum DEX

7. AEX

8. ZT

9. CoinBene

10. LBank

Current Price: USD 0.53 (IDO price 0.06)

Below are our official channels;

Website: https://only1.io/

Platform: https://only1.app/

Twitter: https://twitter.com/only1nft

Medium: https://medium.com/@only1nft

Discord: https://discord.gg/hBgh3q3cXW

Telegram Group: https://t.me/only1nft

Telegram Announcement: https://t.me/only1official

Telegram Unofficial Trade Chat: https://t.me/only1tradingunofficial

Telegram Group (KR): https://t.me/Only1nft_korea

Telegram Group (CHI): https://t.me/only1nft_chinese

Telegram Group (Viet): https://t.me/only1vn

over

Bà Tân | : Question2. Smart contracts are susceptible to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you tested it through any of the parties? @jc_jojo

Joey Cheng : Indeed, smart contract is immutable but also the backbone to our operations. That’s why we are extra cautious with security and have employed external cybersecurity company to audit our smart contract in order to safeguard our supporters’ money.

over

Bà Tân | : Question3. NFT is really a hot topic in the cryptocurrency market now. So how is your project planning to develop NFT then how is your project planning to integrate it with DeFi? @jc_jojo

Joey Cheng : It is, we have seen a surge of NFT projects over the pass few months. However, most of these projects sell NFTs as a collectible and we think the way forward is that NFTs should be integrated to be a part of a product, and that the NFT itself should provide utility. For example, buyer/holder of Gensis-NFTs will be given a split of the creator’s future income, giving real tangible (in this case, $LIKE tokens) utility to the NFTs.

over

Bà Tân | : Question4. The blockchain industry is one that changes really quickly. So, in future if there is another project with more innovation come what will you do? Do you think you can change yourself as the technology changed? @jc_jojo

Joey Cheng : Yes, we are prepared for innovation and change! Instead of reacting to the changing environment and landscape, we, as entrepreneurs drive innovations proactively. Most of the team have been working in the crypto space for some years and others worked in dynamic fields with expertise from multiple disciplines and domains, we have both the mindset and capabilities to sail through any challenges that come at us.

over

Bà Tân | : Question5.DO you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us? @jc_jojo

Joey Cheng : We do have videos about the features on our platform. Visit our website https://only1.io/ for those videos, follow our official channels to stay abreast of our latest project development!

over

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

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 | : Requirements:

🗣Im Community (https://t.me/imcommunityitw)

🗣Only1 — NFTs Gone Social (https://t.me/only1nft)

🗣Only1 — Announcements (https://t.me/only1official)

🗣Twitter Only1 (https://twitter.com/only1nft)

👉More information about Only1 :

🗣Website (https://only1.io/)

🗣Discord (https://discord.gg/hBgh3q3cXW)

Bà Tân | : Don’t forget to join the group https://t.me/only1nft

Bà Tân | : Thanks for the questions from the community.

Bà Tân | : Now let’s give our dear guest @jc_jojo some time to go through them.

Bà Tân | : @jc_jojo Pick the 5 best questions and answer it for session 3.

Q1. What is the ultimate vision that your project is trying to achieve within the cryptocurrencies market? Obviously the whole space will experience huge growth in the upcoming years, but what role would you like Your project better in future ?

Joey Cheng : We are hoping to revolutionize the social media landscape with Only1. We aim to be the Number 1 Social NFT platform in the space within 5 years time. With our 2 novel NFTs applications — Genesis NFT and Content NFT farming, we aspire to create an efficient and secure platform for creators to monetize their contents without having to get through middle men or shout-outs or ads that could diminish their income. And with our Create-to-Earn model, the more active the creator is, the higher APY his/her creator staking pool will be. And by this, we are giving the power back to the creators unlike conventional social media where platform dictates creators’ income

Q2. My question is about your long term marketing plans. How, or through which big partnerships do you plan on utilising to pass your product onto the normal — especially non-crypto people? ONLY1NFT

Joey Cheng : This is a good question. We hope to on-board all sorts of creators, even those without crypto background or have little knowledge on crypto. We do that by first simplifying our on-boarding process, once you pass KYC, upload a nice profile picture & description of yourself, connect your phantom wallet (We can provide a visual guide on how to obtain a phantom wallet) AND you are ready to go and create! Secondly, with the many connections that our backers brought, we were able to reach out to creators from different sectors and fields. In terms of how do we introduce our platform to normal/non-crypto people, we simply tell them the benefits! Security, freedom to create, Create-to-Earn… the list goes on.

Q3. Sir….Trust is very important in business, what makes investors, customers and users feel safe when working with your project ?

Joey Cheng : Indeed. We take security as top priority. That’s why integrity and confidentiality are key qualities we look for in our team members. Also, we have hired external cybersecurity agency to do regular audits to ensure that our smart contracts are risk-free.

Q4. Can you tell us more about the details of the upcoming events, such as blind box sales, card mining, NFT forging, and NFT transactions? How do we become involved? Is there a limit to how many blind boxes we may buy and where can we buy?

Joey Cheng : Our next big thing is the Initial NFT Offering (INO), that’s going to happen tomorrow! We will be issuing 10,000 limited edition Only1 NFTs; all you have to do is to stake in our creators staking pool. Every $200 LIKE staked grant you 1 ticket, you then have to deposit 1$SOL per ticket to enter your ticket into the lottery. All $SOL raised from the INO will be used to buy back $LIKE tokens to reward our early users. Holders of these NFTs will also be given perks like OG badge on our platform and increased staking rewards

And after that will be our NFT marketplace, where you can use $LIKE to purchase Genesis NFTs and content NFTs

Q5. The First NFT-Powered Social Platform Built on

@Solana

.

Why did you choose Solana Blockchain to set up your project? What advantages do you get over Solana?

Joey Cheng : Solana is the most scalable blockchain to date, which makes it perfect for our platform. As we are a social platform, we expect interactions to be made instantly and frequently. With Solana’s ability to process 65,000 transactions per second and a low or even negligible transaction fee, creators can interact with users seamlessly.

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

Bà Tân | : End of session 3

Bà Tân | : For questions that have not been answered today, you can send them to @only1nft for answers.

Bà Tân | : IM Community, if you would like to know more about Only1 ! here are some useful links for you:

Official Website: https://only1.io

Twitter: https://twitter.com/only1nft

Telegram: https://t.me/only1nft

Medium: https://medium.com/@only1nft

Discord: https://discord.com/invite/sUu7KZwNCB

Bà Tân | : Winner List AMA Only1 P3

@thePJ1

@ZaKUNVtaz

@Jihad66666 ( Do not join group )

@Realhund777 ( Do not join group )

@Uci000 ( Do not join group )

Joey Cheng : Thank you for having me guys!

Bà Tân | : Allright, I declare the Im Community AMA with Only1 has ended.

Thanks to @jc_jojo | Only1 joined us and provided us with Only1 information, we hope that this knowledge makes us understand more about https://only1.io (https://only1.io/)

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

--

--

--

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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Set Labs — Set AMA Series

Blockchain Development Workshops to Attend at Consensus 2022

Pandora Finance X Ftribe Fighters: Bringing the Next-Gen NFTs to Strengthen the Web3 Ecosystem.

VRT Swap is now live on Venus Protocol

Klist AMA Summary with Decentralized Club ✔️

Smart Contract Auditing Should Not Be Optional. It Should Be Mandatory. And Here’s Why.

NFTs and intellectual property: What is the future of digital asset monetization?

Third Bi-Weekly Report (July-August)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
IM COMMUNITY

IM COMMUNITY

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

More from Medium

LandRocker x IM community AMA RECAP

12/28 AMA Recap

Crossover AMA- FOTA x GEMS Recap

Strategic Partnership : Duckie Land x StartFi