Xfinite x IM community AMA RECAP
đTELEGRAM AMA: Im Community & Xfinite đ
â° AMA Timing : 10 January 2022 l 10:00 AM UTC l 17:00 GMT +7
Venue For AMA : https://t.me/imcommunityitw
đ Reward Pool 1000 XET
âĄď¸ The reward pool for the best 5 questions from Telegram is $50($10 Each) đ¸
âĄď¸ The reward pool for the best 5 questions from Twitter is $50 ($10 Each) đ¸
Bà Tân | : Welcome @swaneet & @AutonomistX from Xfinite���
Bà Tân | : Welcome everyone. Today Im Community will host AMA with Xfinite
Bà Tân | : Today our guest is: @swaneet & @AutonomistX from Xfinite
SS : Thank you so much. What an amazing community you have!
Ahrix : Welcome @swaneet & @AutonomistX to the IM community.
Bà Tân | : Please introduce yourself a bit @swaneet & @AutonomistX ���
Santosh Yellajosula : Thank you. I am Santosh, Chief ecosystem officer (CECO) at Xfinite. I came from Venture capital and community building backgrounds. Moved to Crypto in 2016
SS : Hi Everyone, Iâm Swaneet Singh and come from a finance background. I grew up in Malaysia and Singapore and moved to London where I studied at Kingâs College London and joined Investment Banking at Goldman Sachs. I spent 7â8 years at Goldman Sachs in London and joined the VC and tech world and subsequently was part of the original team that started Xfinite
Bà Tân | : Thanks for the introduction from Xfinite team.
BĂ Tân | : Todayâs AMA will have 3 session
Session 1: Project Introduction
Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1480014545515008000) (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 Xfinite? We would like to know more about it and how it works.
SS : Xfinite is disrupting the digital entertainment ecosystem by innovating customer experiences, data-driven engagement and ecosystem economics for the benefit of the community.
We have built the Xfinite platform around the digital token, XET. The XET serves as the native currency of the Xfinite entertainment ecosystem and functions as a unique value exchange for all our current and future stakeholders including users, brands, influencers and content producers.
XET will offer its holders the ability to tap into economic incentives the Xfinite platform has to offer.
We have launched our first dApp which is called Mzaalo. Itâs a gamified video-on-demand platform similar to Play to earn ecept its watch/engage to earn. Our consumers are incentivised based on our engagement algorithm through rewards. There are several habits involved: Time spent, social habits etc. Consumers can then redeem these for a whole host of goods and services on the platform as well as participate in various fun features.
BĂ Tân |: @swaneet & @AutonomistX Please say âDoneâ when you have finished the question, thank you.
SS : Done!
Bà Tân | : Question2. What are the outstanding features of the Xfinite project compared to other projects?
Santosh Yellajosula : Xfinite is one of the largest projects built on top of Algorand ecosystem. We are looking to change the way content economy works today through decentralized entertainment ecosystem approach.
Xfinite ecosystem has two major product lines.
1. Mzaalo (www.Mzaalo.com) is our watch to earn streaming app. We have ~6 million registered users on the app, 600+ reward partners
2. MzaaloNFT â Our Decentralised NFT marketplace. We are going to release this product soon. Itâs in beta. Every single media asset in our ecosystem will be available as NFTs on MzaaloNFT soon
Done â
Bà Tân | : Question3. What is the benefit of $XET token in your ecosystem?
SS : We have built Xfinite around the $XET. The XET token serves as the native currency of the Xfinite entertainment ecosystem and functions as a unique value exchange for all stakeholders including users, brands and influencers, and content producers. The XET token will offer its holders the ability to tap into economic incentives on the various products built by Xfinite.
We achieve inclusion by sharing back to our community the value they bring to us (time/attention, social power, data) in the form of $XET. We are basically tokenising engagement on Mzaalo.
The very nature of bringing this to blockchain allows us to create a layer of transparency on truthfulness of data and engagement levels as well as on how the economy runs just by looking at public data. This significantly disrupts current models where information is held all in one place by dominant companies.
Moreover our content partnerships give us access to a huge IP inventory that we can leverage to create very cool NFT based engagement features to last not only in a bull market but forever and provide benefits to creators.
Our token is the value exchange mechanism of the ecosystem, serves as a reputation system and allows users to participate to gamified events such as the bid n win previously mentioned.
It will also be the way by which celebrities, brands and artists can mint NFTs.
Santosh Yellajosula : Summarising $XET token utility here under
1) $XET will power our watch and earn economy. Users can earn tokens for participating
2) You can buy various NFTs in our ecosystem with $XET
3) Content creators, Brands, and future DAOs can be accessed through $XET
â Done
Bà Tân | : Question4. Can Xfinite team please update some Xfinite latest news or major events to attract more users?
Santosh Yellajosula : We are launching XSPO â Xfinite Stake Pool Offering in the next few weeks to bring all our staking initiatives under one umbrella
We have already made initial experiments around staking with Yieldly https://app.yieldly.finance
SS : On Mzaalo (available on iOS and Google Playstore) our content is mainly indian language content however we are consistently getting new partners on board and refreshing new content. For instance we have just announced a partnership with a Canadian listed TV network called QYou. We are always getting new users on board and want growth to be fairly organic as we scale up. We feel this is important to have a strong community.
Our NFT platform is not not yet announced however we hold to have this live shortly on https://www.mzaalonft.com where we will have thousands of amazing NFTs ranging from Art, Entertainment, Influencers and Spirituality. We hope to acquire a large community of users through this.
We look forward to all your participation!
Done
Bà Tân | : Question5. What is the development roadmap of the Xfinite project at present and in the future?
SS : I think we answered most of this in the last question however below are a few things we are excited about:
1. Xfinite Stake Pool Offering
2. Linking $XET to Mzaalo https://mzaalo.com
3. Mzaalo NFT Marketplace
4. Algorand Stateless Proof (allowing interoperability between chains)
done
BĂ Tân | : Join Xfiniteâs social networks���
https://twitter.com/XfiniteOfficial
https://www.instagram.com/xfiniteofficial/
https://www.facebook.com/XfiniteOfficial
Telegram Handles:
https://t.me/XfiniteOfficialCommunity
https://t.me/xfiniteofficialnews
BĂ Tân | : Donât forget to join the group https://t.me/+UNDFW3DczzFkYjRk
Bà Tân | : End of session 1
Bà Tân | : Session 2: Question From Twitter (https://twitter.com/IM_Communityitw/status/1480014545515008000) (will choose 5 question)
Bà Tân | : Question1. You state on the website that we/users have access to exclusive content from celebrities. So, who exactly are they? What kind of content are we able to use?
@RobertTitus27
Santosh Yellajosula : We are partnered with some of the largest Bollywood and Hollywood production studios. Today users are able to watch studio quality content on Mzaalo. In future we will summon celebrities and allow users to access exclusive content with XET/NFT gated access
Done â
Bà Tân | : Question2. How will you manage your platform if there are unexpected problems in the future, especially the hacking problem that causes your platform to have some personal data of some users who violate your platform? Is your platform ready to face this situation? @TranReus
Santosh Yellajosula : Nice question. We have a super talented engineering and Blockchain team to handle challenges around this. We will continue to make efforts to strengthen our technology team as we take user data and privacy seriously
Done â
Bà Tân | : Question3. What can we expect from Xfinite in the future? The community needs to know the long-term goals that the project sets, so that they can know that you are always working and can contribute to the better project, What do you think about the power of community? @Annabelz327
Santosh Yellajosula : Community is the super power behind crypto networks like Xfinite. The long term goal is to make Xfinite â âA community owned Networkâ through $XET
1) In the future,
Xfinite can do to streaming what Axie Infinity did to Gaming
2) Stay tuned to our progressive decentralised roadmap as we are making initial experiments around User generated content
Done â
Bà Tân | : Question4. What is your own unique mechanism to maintain the value of tokens? Are you thinking of moving to another chain in the future?
Is there any project you are considering as a partner now? @Lehoangtuan1z
Santosh Yellajosula : Algorand is our long term partner. We are one of the largest projects in Algorand ecosystem.
At the same time we believe in a multichain future and we will be interoperable with other ecosystems
Unique mechanism â Watch and earn model similar to Play to earn in gaming
Done â
Bà Tân | : Question5.What I could see they have an extensive list of investors and associates within many fields such as technology, cryptography, entertainment, health, networks and even well-known brands such as adiddas and microsoft. How do all of these contribute to the Xfinite ecosystem? @EugeneAnches
Santosh Yellajosula : There are different kinds of partners to Xfinite network
1) Technology partners â Like Algorand and Microsoft
2) Crypto partners like Borderless capital, Ceras ventures, FBG capital, Shima capital, Moonwhale ventures etc contribute to growth of token
3) Community operated funds like Blockfree, DEXTools, Blackdragon etc help us grow the community with crypto native participants
4) 600+ reward partners and a ton of brands help us launch the watch and earn model
Done â
Bà Tân | : Congratulations to the winners of session 2.
@RobertTitus27
@TranReus
@Annabelz327
@Lehoangtuan1z
@EugeneAnches
Bà Tân | : Alright, Session 2 has finished perfectly. Appreciate your detailed responses @swaneet & @AutonomistX ���
BĂ Tân | : Join Xfiniteâs social networks���
https://twitter.com/XfiniteOfficial
https://www.instagram.com/xfiniteofficial/
https://www.facebook.com/XfiniteOfficial
Telegram Handles:
https://t.me/XfiniteOfficialCommunity
https://t.me/xfiniteofficialnews
BĂ Tân | : Donât forget to join the group https://t.me/+UNDFW3DczzFkYjRk
Santosh Yellajosula : Thank you ��� Itâs great to be part of this community and would love to have your support in growing Xfinite ������
Bà Tân | : End of session 2
BĂ Tân | : Weâll move on to session 3
Bà Tân | : Session 3: Free Asking (will choose 5 question)
BĂ Tân | : Donât forget to join the group https://t.me/+UNDFW3DczzFkYjRk
Bà Tân | : Group will unmute now so everyone can ask questions.
Bà Tân | : Thanks for the questions from the community.
BĂ Tân | : Now letâs give our dear guest @swaneet & @AutonomistX some time to go through them.
Q1. @AutonomistX,Your platform is very functional. Iâve been following for a long time. It deserves higher values. Do you plan to add bridges from other networks (other than #Algorand) to your platform?
Santosh Yellajosula : Yes this is already in process with Stateless proofs launch with Algorand ecosystem. We will bridge to all major crypto ecosystems
Q2. What do you think about NFT? Do you have any plan for implant NFT on your ecosystem? @AutonomistX
Santosh Yellajosula : NFT will play a major role in growth of Xfinite. NFT wonât just be limited to Digital art and collectibles. You will see all Media assets in our ecosystem NFTfied ���
Q3. Have you developed or are you planning to develop a program for ambassadors so that your project can gain wide scale adoption and attract more people?@AutonomistX
Santosh Yellajosula : This is a great recommendation. We are thinking about launching this ���
Q4. A lot of projects are always talking about their strengths, while their token or coin prices are always going down. As one of the leaders of XFINITE, would you dare say the difficulties that XFINITE is facing and how long it will take to overcome it?
@swaneet @AutonomistX
Santosh Yellajosula : Price is an ever changing parameter. You have to look at projects with a long term approach. In the long term true value of the network will always be realised. The top projects in the ecosystem got there with the same approach
Q5. What are the security measures you adopt to ensure maximum security for your users so they can trust you?
SS : We audit using token audit firms as well as internal battle test our products prior to launch
Q6. Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?
Santosh Yellajosula : We always believed crypto ecosystem has a limitless mindset. Hence we felt Infinite with an X factor is a good name -
Q7. What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
Santosh Yellajosula : You should the see the growth of Play to Earn model in gaming â Axie infinity is a good example.
I believe content consumption and streaming will see a similar disruption. Thatâs why Xfinite Entertainment token ($XET)
Bà Tân | : Xfinite made sense ���
Join Xfiniteâs social networks���
https://twitter.com/XfiniteOfficial
https://www.instagram.com/xfiniteofficial/
https://www.facebook.com/XfiniteOfficial
Telegram Handles:
https://t.me/XfiniteOfficialCommunity
https://t.me/xfiniteofficialnews
BĂ Tân | : Donât forget to join the group https://t.me/+UNDFW3DczzFkYjRk
Bà Tân | : Thanks for the useful information from @swaneet & @AutonomistX
Bà Tân | : End of session 3
Bà Tân | : For questions that have not been answered today, you can send them to @XfiniteOfficialCommunity for answers.
Bà Tân | : IM Community, if you would like to know more about Xfinite ! here are some useful links for you:
Official Website: https://www.xfinite.io
Twitter: https://twitter.com/XfiniteOfficial
Telegram: https://t.me/XfiniteOfficialCommunity
Facebook: https://www.facebook.com/XfiniteOfficial/
Instagram: https://www.instagram.com/xfiniteofficial/
Medium: https://xfiniteofficial.medium.com
Donât forget to join the group https://t.me/+UNDFW3DczzFkYjRk
Bà Tân | : Allright, I declare the Im Community AMA with Xfinite has ended.
Thanks to @swaneet & @AutonomistX | Xfinite joined us and provided us with Xfinite information, we hope that this knowledge makes us understand more about https://www.xfinite.io (https://www.xfinite.io/)
To the members, thank you for following this event to the end. winners will be announced soon.
