Rainicorn x Im Community AMA Recap
🐋 TELEGRAM AMA: Im Community & Rainicorn 🐋
⏰ AMA Timing : 02 April 2021 l 12:00 PM UTC l 19:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100USDT
➡️ 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) 💸
🍀Jőhn L🍀 : Welcome everyone. Today Im Community will host AMA with Rainicorn
Today our guest is: @Mindspheres from Rainicorn
Bà Tân | : Please introduce yourself a bit: @Mindspheres
Mindspheres — Dev : Sure thing. I’m Mindspheres, the lead developer on the Raini project and glad to be here.
Rainicorn is an NFT platform which allows users to stake their tokens and earn points which they can redeem for rare & unique NFTs by established and emerging artists. There’s a lot more to out platform that I’m sure we’ll get into in the AMA, but suffice to say that we’re excited to offer something new to the space and have some very exciting plans on our roadmap.
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 Rainicorn
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1377282728140283911).
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 $RAINI Rainicorn — Official Chat (https://t.me/rainicornchat) , $RAINI Rainicorn Announcements (https://t.me/rainicorncoin) and IM Community (https://t.me/imcommunityitw) , Channel Im community
(https://t.me/imcommunityit)▫️Follow: Twitter RAINI (https://twitter.com/raini_coin) and IM Community (https://twitter.com/IM_Communityitw)
Web & Community:
Bà Tân | : Start session 1 AMA
Bà Tân | : Question1. So, firstly Can you guys introduce yourself and also please tell us how did the name Rainicorn came into being for this project? @Mindspheres
Mindspheres — Dev : So the two lead devs on the project are myself, Mindspheres, and Artkin. I’ve got an extensive background in technology, IT and platform development, and Artkin brings a wealth of experience from the finance world to the table. Together we started a very successful fintech that is now a leader in its field in Australia.
With respect to the Rainicorn name, we have had the intention of creating a ground-breaking, legitimate crypto project, however we also wanted to ensure that we kept things fun for ourselves and the community along the say. The name Rainicorn is the concatenation of the words Rainbow and Unicorn, and this has spawned our beloved Raini — a buff environmentally conscious rainbow unicorn.
One of our best assets is actually that we have the energy and community of a memecoin, along with the fundamentals of a legitimate project. If you look at the atmosphere and vibe in our Telegram channel, it’s incredibly positive and supportive. You can tell that the community is very much on board with what we’re trying to do and what we’re about. This atmosphere is incredibly motivating and propels our team to strive and aim higher.
Ahrix : @Mindspheres Please say “Done” when you have finished the question, thank you.
Bà Tân | : Question2. What is the use case of Rainicorn?
Mindspheres — Dev : So with Rainicorn, we are building an NFT universe, whereby users who buy and stake RAINI or RAINI LP tokens will be able to earn points. These points can then be redeemed for rare & unique NFTs by established and emerging artists.
In addition to this, we are also building a Trading Card Game where you will be able to use NFT trading cards that can be redeemed on our platform.
Plus, we will be implementing physical fulfilment of NFTs, whereby users will be able to order physical items linked to NFTs via QR codes. This could be things like fine art prints, t-shirts, mugs, and other physical items.
Outside of that, longer-term we seek to establish a Launchpad and Community-run VC as part of our roadmap, to open up early stage investment to larger numbers of people.
Bà Tân | : Question3. What are the advantages of Rainicorn?
Mindspheres — Dev : As I mentioned earlier, we have serious fundamentals along with the buzz and energy of a memecoin. Through our Raini characters we are building out characters that people can form a connection with, which sets us apart from the many cookie cutter platforms that exist out there.
Another interesting part of our offering is that we will be rewarding length of stake time, meaning that long-term staking is rewarded with a higher rate of earning in points.
I might also mention that, unlike most other players in the NFT industry, we have focused from the outset on addressing the environmental concerns around NFTs regarding energy usage. We worked hard to identify an organisation who can provide fully audited carbon credits and settled on Greening Australia. They were established in 1982 and do a lot of work in the reforestation and climate rehabilitation space. We can commit to all of our energy overheads being 100% carbon offset.
Bà Tân | : Question4. What are the major milestones Rainicorn achieved so far & what are in the future pipeline?
Mindspheres — Dev : It’s been a whirlwind of activity since our token release, with amazing organic community growth, community AMAs, our listing on Coing Gecko and Coin Market Cap, finalising our smart contract audit and KYC with Solidity, our commitment to significant annual contributions to the World Wildlife Fund for nature, and locking in an award-winning Australian developer as Lead Game Dev for our trading card game.
This month is looking to be very very busy, with a full website refresh coming within the next couple of days, staking going live very soon, and our first artist announcements all due in the first half of the month. We’re also ramping up our marketing efforts to coincide with delivering on these fundamentals, and we’re excited to keep driving forward.
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://twitter.com/IM_Communityitw/status/1377282728140283911).
Bà Tân | : Question1. Currently DeFi project is on fire. But you know very well that, contract security is a big issue in DeFi. Has your smart contract been audited? How do you guarantee the protection of users’ funds? @Mindspheres
Mindspheres — Dev : It’s a very important question — especially in the light of the recent PAID Network hack.
Our contract has been audited by Solidity Finance, and you can find the audit here — https://solidity.finance/audits/RAINI
Glad to say we passed with flying rainbow colours! Any future contracts we roll out, like our staking contracts, will also be audited. Coming from an IT security background myself, I take security risks very seriously.
Bà Tân | : Question2. Can you explain more about the two staking pools of your platform which are the Rainbow and Unicorn pools? Which is more recommended and profitable to investors? Why do you need to launch two staking pools? Thank you.
Mindspheres — Dev : Sure thing. Rainbows are the rewards provided to our holders who stake $RAINI in isolation. Unicorns are the rewards provided to holders who provide liquidity for $RAINI paired with ETH and are valued higher than rainbows. Both rainbows and unicorns will be able to be redeemed for NFTs, but we wanted to ensure LP providers receive a greater reward, hence the two pools.
There will also be some ultra-rare NFTs exclusively available to unicorn holders.
Bà Tân | : Question3. Are you planning to burn or buy back any tokens from the market in the future? Do you have such programs?
Mindspheres — Dev : Absolutely, we will be conducting regular buy backs and burns on an ongoing basis using a portion of all platform revenue. This will ensure ongoing upward pressure on price, and that our tokenomics remain deflationary to provide value for our holders.
Bà Tân | : Question4. Your project has great features. There must be an experienced team behind. Can you tell some about your team and their experiences in the market?
Mindspheres — Dev : I’ve personally got an extensive tech background, having built up and sold a successful IT managed services provider, and Artkin (the other lead dev) has a finance background — similarly having built up and sold a successful financial services business.
A few years ago we teamed up to form a fintech together, which has since grown into a leading player in its niche. My role in that business has been as a hybrid CEO/CTO role, and I have been responsible for driving the development and delivery of this platform which is now used by tens of thousands of consumers.
Off the back of this experience, we feel we are very well placed to build a successful platform in the NFT space. We are also fortunate to have extensive connections in the gaming, art, and music worlds, which is perfect for a platform that intersects across these disciplines.
Bà Tân | : Question5. What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
Mindspheres — Dev : Definitely — we have a lot of exciting things planned for the year ahead, some announced and some still in the gestational stages. 3 key priorities would be:
1. Launching our NFT platform and continually iterating on this offering
2. Launching our RAINI Trading Card Game
3. Working to raise our profile through ramping up our marketing efforts, and building on our already strong and supportive community
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 @rainicornchat group will not be eligible for AMA rewards, make sure you did.
🍀Jőhn L🍀 : i really like it
🍀Jőhn L🍀 :lol so crazy 🤣🤣
🍀Jőhn L🍀 :more 3000 questions in 1 minute
@Mindspheres Pick the 5 best questions and answer it for session 3.
🍀Jőhn L🍀 :i think @Mindspheres need more time so he can read the whole question :))
Haha, all good, I’m writing up an answer to this one:
What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?
🍀Jőhn L🍀 :nice ! You also use function “reply” to questions you choose
Q1.What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?
Mindspheres — Dev : NFTs are a great way of bringing non-crypto natives into the space, as artists who work with our platform will release exclusive pieces of visual and sonic art that their fans may not be able to access elsewhere.
Another aspect of our platform that addresses this is our trading game, which are developing with both crypto enthusiasts and non-crypto gamers in mind — ensuring it is accessible and engaging for both types of players.
Finally, further development of our platform will support token price. The more utility value we build out with respect to NFTs, the more value that we build for our holders.
Q2.Could I be a Rainicorn ambassador? How can I achieve this? Do I have to meet any special requirements? Please guide me!
Mindspheres — Dev : We are always open to community members helping us to grow the project! If you think you have a unique ability, connection, or idea, please just message one of our mods in our telegram @rainicornchat. They will raise your offer to the team and get back to you.
Q3.Could you please provide some info about your Roadmap and how Market is progressing so far?
Sure thing, we actually maintain a roadmap on our website — https://rainicoin.io/
Mindspheres — Dev : We’re excited to deliver a number of key fundamentals over the next 2 weeks, and we believe that this, coupled with big marketing ramp up, will propel us into the next phase.
Q4.What is your strategy for building a strong community? Do you agree that the power of community will lead your project to develop globally? What services do you provide to the community?
Mindspheres — Dev : We’ve placed a big focus on community engagement from the outset, and this has been wildly successful so far. The community is key to future growth of a platform like ours, and is a deep well of creativity and ideas that we are lucky to have. Our platform is being planned with the community in mind, and our approach to staking will reward those who stake for longer periods, incentivizing those who are committed to the project to stay with us long-term.
In your road map I read that an Airdrop is scheduled to take place! Have you already established how it will take place and what will be the requirements or rules to follow in order to participate in it?
We intend to reward those in our community who assist us with early liquidity provision via airdropping exclusive NFTs and governance tokens in the future. Full details of this is TBC — but all you need to do to qualify now is provide $RAINI/ETH liquidity on Uniswap. We will provide greater rewards for those who provide more liquidity and for longer periods.
Q5.In your road map I read that an Airdrop is scheduled to take place! Have you already established how it will take place and what will be the requirements or rules to follow in order to participate in it?
Mindspheres — Dev : We intend to reward those in our community who assist us with early liquidity provision via airdropping exclusive NFTs and governance tokens in the future. Full details of this is TBC — but all you need to do to qualify now is provide $RAINI/ETH liquidity on Uniswap. We will provide greater rewards for those who provide more liquidity and for longer periods.
🍀Jőhn L🍀 : and one more !! @Mindspheres
Mindspheres — Dev : I think we did 5?
Bà Tân | : Thanks for the useful information from @Mindspheres
🍀Jőhn L🍀 : oh haha
Bà Tân | :For questions that have not been answered today, you can send them to @rainicornchat l for answers.
🍀Jőhn L🍀 :Thank for coming here today @Mindspheres
Bà Tân | : End of session 3
Mindspheres — Dev : Thanks for having me!
Bà Tân | :Allright, i declare the Im Community AMA with Rainicorn has ended
Thanks to @Mindspheres | Rainicorn has joined us and provided us with Rainicorn information, we hope that this knowledge makes us understand more about https://rainicoin.io/
To the members, thank you for following this event to the end. winners will be announced soon.