Virgo x IM community AMA RECAP
TELEGRAM AMA: Im Community & Virgo 🐋
⏰ AMA Timing : 28 OCTOBER 2021 l 04:00 PM UTC l 23:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
🎁 Reward Pool 100 USDT
Bà Tân | : Welcome @praxls from Virgo.
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Virgo
Bà Tân | : Today our guest is: @praxls from Virgo
Virgo Team : Hi everyone! I’m Hugo, founder and CTO of Virgo. It will be a pleasure to answer your questions tonight!
Ahrix : Welcome @praxls to the IM community.
Virgo Team : Thank!
Bà Tân | : Can you introduce yourself to our Im Community?
Virgo Team : Sure! I’m Hugo, founder and main researcher at Virgo!
Virgo Team : It is a pleasure to be here
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 Virgo
Sessions 2: We will pick 5 Best Question from our members on Our Tweet (https://twitter.com/IM_Communityitw/status/1453044241047822343).
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)
���Virgo Chat (https://t.me/virgoCommunity)
���Twitter Virgo (https://twitter.com/virgo_coin)
���More information about Virgo :
Bà Tân | : Start session 1 AMA
Bà Tân | : Question1. Could you please give us a simple introduction of Virgo ? What’s the motivation for starting build Virgo? @praxls
Virgo Team : Sure!
In short, Virgo is creating a decentralized AppStore to make the distribution of dApps simpler and safer.
To power this platform and the applications on it, we are also creating a state-of-the-art cryptocurrency.
It is scalable to thousands of transactions per second while remaining secure and fully decentralized!
Bà Tân | : @praxls Please say “Done” when you have finished the question, thank you.
Virgo Team : Sure
We are building Virgo because we find that the dApps industry lakes a place where people can easily find great projects and safely use them.
Also, for us it’s paradoxical that decentralized applications are distributed using centralized means
it creates a critical weakness in them:
Imagine if pancakeSwap’s website got hacked for a few minutes, millions would be lost!
That’s what we want to prevent with Virgo
Bà Tân | : Question2. What are the products that the Virgo team focuses on developing? @praxls
Virgo Team : We are currently focusing on releasing our testnet by next month and creating an MVP version of our store by the end of the year!
We also plan to prototype a first dApp, a fully decentralized chat, like telegram but without centralized servers, further improving privacy!
Bà Tân | : Question3. What role does the $VGO token play in your ecosystem? What are the benefits of long-term holding? @praxls
Virgo Team : Apart from the speculative aspect, $vgo will be the fuel of our ecosystem, users will use it to interact with dApps and send payments!
To improve interest in long-term holding, we are launching next Thursday VirgoFarm: You will be able to stack your VGOs and earn up to 25% APY!
Bà Tân | : Question4. Can Virgo team please update some Virgo latest news or major events to attract more users? @praxls
Virgo Team : Two weeks ago, we successfully launched our Token on the Binance Smart Chain and already attracted ~800 investors, and built a community of more than
500 people on Telegram!
We also made a first strategic partnership with SWFT blockchain, allowing VGO to be traded with more than 200 currencies
And most importantly, as I said just before, we are launching VirgoFarm on November 4! Don’t miss out
Bà Tân | : Question5. What are the achievements that the Virgo team has achieved? current and future development roadmap of the Virgo group? @praxls
Virgo Team : We succesfully conducted a private testnet of our technology and it is ready for being released to the public!
As for the upcoming years,
our goal is to release our mainnet with smart contract capabilities, and release with it a full version of our store.
We also target to make more strategic partenerships with exchanges and other actors of the industry.
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/1453044241047822343).
Bà Tân | : Question1. Currently “Staking” is a very popular topic. Can you please explain the details about the token staking plan and the benefits of adding “staking”? @Kabir01390287
Virgo Team : Sure
Our stacking program, VirgoFarm, will permit you to lock your VGOs and earn 25% APY! The tokens distributed are in fact the majority of our supply, we do this to fairly distribute our coin and prevent whales from manipulating the price.
Up to 2M VGOs will be distributed each years, after that the APY will adjust to respect this limit
Bà Tân | : Question2. Could you tell us which userbase is Virgo’ main target? Do you focus only on big Investors or small retail Investors also can be a big role in your project? @tuan_iker
Virgo Team : We want Virgo to be as fairly distributed as possible. Anyone must have the right to invest in us without risking being manipuled by whales
Bà Tân | : Question3. Many projects are impressive on whitepaper and on road map, and we know that along the road there are obstacles. In this project what is the biggest obstacle that the core team has encountered? How did you deal with it, how did it help in the development? @khalekkkk
Virgo Team : We developped our technology before unvealing the project. This way, we are sure that our concept is feasible and working, as we already spent many months dealing with the obstacles created by developing a cryptocurrency from scratch!
Bà Tân | : Question4. Are you currently in need of community managers, ambassadors or running a bug bounty we (I) can assist in? @HTh24720028
Virgo Team : We already recruited a community manager recently! But yes, we are looking for ambassadors to promote Virgo in other communities! As for bug bounties, we will launch a program at our testnet launch
Bà Tân | : Question5. Where can I currently buy @virgo_coin (https://twitter.com/virgo_coin)? @sifatA333
Virgo Team : $VGO is currently available on PancakeSwap, you can view it here: https://www.dextools.io/app/bsc/pair-explorer/0xf4d14ab439057e9684768ab394a2bdeba3ae1f30
It is also available since today on SWFT! https://www.swft.pro/
Bà Tân | : Congratulations to the winners of session 2.
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @praxls ���
Virgo Team : It a pleasure to talk about our project!
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 | : Don’t forget to join the group https://t.me/virgoCommunity
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 @praxls some time to go through them.
Bà Tân | : @praxls Please choose the best 5 questions and answer it for session 3
Virgo Team : Sure, let me a few minutes to go through them!
Q1. Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Virgo Team : With our store, you will be able to use and install dApps easily and securely! Also, our cryptocurrency is solving the blockchain trilema: Scalability, security and decentralisation
Q2. Marketing is an important element for every project. Do you have any plans to attract users and investors to your project?
Virgo Team : We plan to regularly do AMAs with other communities and do press releases in specialized medias at each of our product launches! Also, for VirgoFarm we will execute a banner Ads campain
Q3. We are witness of more than 100 daily BSC projects. Alot of traffic is here. Investors are confused which we need to invest. So, tell us how your project is different and unique from others?
Virgo Team : Compared to most projects in the BSC economy, we are solving a real problem and will release ASAP working products! Virgo is not here to profit from the bull run and then disappear.
Q4. While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
Virgo Team : For each of our products, we go into three phases: A private beta with selected users that will tell us the main points to improve. Then, after applying these recommendations, we release the product in public beta to fix the remaining problems and check compatibility with all devices. Finally, our fully grown product is launched to the market
Q5. Q.Do you have nay plan to partner with big exchange this year?
Virgo Team : We are currently negociating with many exchanges, sorting out the best platform for us. We will list on reputed exchanges before the end of the year!
Bà Tân | : Congratulations to the winners of session 3.
Bà Tân | : Thanks for the useful information from @praxls
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @virgoCommunity for answers.
Bà Tân | : IM Community, if you would like to know more about Virgo ! here are some useful links for you:
Official Website: https://virgo.net
Bà Tân | : Allright, I declare the Im Community AMA with Virgo has ended.
Thanks to @praxls | Virgo joined us and provided us with Virgo information, we hope that this knowledge makes us understand more about https://virgo.net (https://virgo.net/)
To the members, thank you for following this event to the end. winners will be announced soon.
Virgo Team : Thanks for the great AMA!