AvaXlauncher AMA Summary Recap with Shin Chan Community
We held a live AMA with Founder, Ankit & Marketing Head, Crane from AvaXlauncher on 8th September 7:00 PM (UTC+8). Here’s the recap for those who missed it.
Introduction
Jack: Before AMA start, can you introduce yourselves and the team background?
Ankit: Ankit this side, I am a founder of AvaXlaucher. I worked as a software developer, (Blockchain, solidity) my whole life and have an experience of 4 years in building blockchain and crypto products.
My day to day work experience involves taking care of the software and security of the platform and making sure it is robust enough.
Yeo: I am Yeo.I am the Head of Strategy and external communications for AvaXlauncher.I have been in crypto for last 4 years as developer and have done product and marketing also.I joined AvaXlauncher from beginning and have been working on product and partnerships etc
Crane: Hey
I am Crane, I am the Marketing Head and have been overseeing the Investor Relation and Marketing in AvaxLauncher. Have been active in the crypto space since last 4 years and Helped projects in marketing in the past.
Jack: Do you have any news/update about AvaXlauncher would like to share with us?
Yeo: Thats a very good one.
- First Incubator + launchpad on Avalanche
2. Ready platform
3. Great team
4. Tech expertise
5. IDO tomorrow — yes we are ready and are doing on our own platform
We are very excited to have support from TOP bacakers and great marketeers
Ankit: We also got great news few hour back that our contract has been audited and we are ready to go.
Yeo: Sure. We are thankful for everyone’s support. We are working hard to make the project a grand success
Twitter Section:
Q1: There are many launch pads, not many of whom care about assisting the project before and after launch while at the same time capturing the safety interests of investors in the project.
What support does AvaXLauncher provide for (pre-launch and post-launch) incubated projects?
Yeo: Thanks for the question
Like you said — we are an incubator and a launchpad. We work VERY closely with projects and work with them to provide tech help, marketing support and also work to launch them in market.
We are super thrilled by the Avalanche ecosystem and are building it through or launchpad.
We try and bring the best projects from the market with sound business sense and great teams behind them.
Q2: Can you please explain me exactly how your team took feedback from all the relevant stakeholders and how you incorporated while building your projects ?
Yeo: Very good point
We involve our internal team, our backers, our marketeers and our advisors in carefully select projects. We are working on a model in which we will get the community to vote also and also our token holders to vote for the projects which we should incubate and launch on AvaXlauncher
Q3: You stated that all projects on your platform will be thoroughly evaluated before being made public. Could you tell me what criteria you’ll employ in your vetting process? Is it possible for this community to vote on a project that will be launched on AvaxLauncher?
Yeo: Ok this one came as a repeat somehow — let me add some more color
We have seen the gap in the Avalanche ecosystem. It needs to have projects build on them — just like ethereum and matic has. We have reached out to many projects who are either building on Avalanche or are building something that Avalanche ecosystem needs and got them onboarded
Our aim is to be the bridge between projects and Avalanche ecosystem
And yes community and AVXL token holders will vote on the new ones !!!!
Q4: What in your opinion is one standout feature of #AvaXlauncher that will help it standout from its completion and build a larger community?
Yeo: Great team — its all about having dedicated, smart, hardworking team — and this is what #AvaXlauncher has. They have the grit, the enthusiasm and the hunger to see Avalanche ecosystem bloom. This is by far the best thing that any startup can have
We already have built a dedicated community and we will continue to grow from here. We are going to get more and more projects for them, provide airdrops to token holders and even to community members.
So I can say that Smart team and best community is what makes any project a big success
Q5: In your Medium article, AvaxLauncher’s. I’ve read that the IDO White List competition has recorded 3.5 Million entries. How would you rate the interest shown in your project? What was discussed among your team about this topic? Please also tell us…
Yeo: We can only say we are overwhelmed and blessed to get this support.
The interest shown is phenomenal.
Its the community love that keeps us going — working hard and working long hours !!
Telegram Live AMA Begin:
Q6: 📌What is the maximum total supply of $AVXL? I’d appreciate it if you could discuss the tokenomic. Why don’t you publish a whitepaper or litepaper?
📌What is the most significant business scaling issue that you consider AvaXlauncher will encounter in the future, and how will you address it?
Crane: here is our tokenmetrics :)
Q7: What can we expect to see from your platform in the short-term (at some point in 2021) & 2022?And beyond (long-term goals)???
Crane: We have alot of things planned as for the features on the platform.
For participating in IDO, holders will have multiple option to participate, their are tier as well and staking of LP and AVXL as well to participate in IDO.
These Token and LP token Staking will be Yield bearing, for our own token as well and for LP token as well. We are not revealing APY for now but the numbers are really great to start with.
For LP staking we are coming up with pool in first come first serve basis based on your % in pool you will get return”
Q8: AvaXLauncher is Avalanche’s main launchpad, designed to help the avalanche ecosystem grow. What are the requirements for a project to be launched by AvaXlauncher? Do you also review project genuineness before it can be laucnh in AvaXlauncher?
Yeo: Project concept, Team, Tech capabilities, backers, money being raised are some factors
Q9: Many projects rug pulled and exit scam recently. Why should investors trust in this your project not to do the same?
Ankit: we are backed by reputed ventures and we are here to build best community and deliver great products on avax. we will also incubate projects
Q10: Given the recent carpet pulling incidents, how can users trust the AVXL platform? Do you think it will be enough to have $AVXL staking and LP tokens? Has AVXL passed third party inspection, is there a report available?
Yeo: Yes the audit reports are available. We are long term focussed. The fund raise is small as we want to provide significant growth to our token holders
That makes us unique I guess.
Q11: Can I know what inspiration come across to have this project name as Avaxlauncher. Where can get more details on IDO roadmap.
Crane: Every Blockchain has a launchpad working on development of that specific blockchain.
And as we speak there are only less than 25 projects building on Avalanche Blockchain so this provides a big opportunity for ecosystem development of avalanche blockchain. So the brand is being built around it.
Q12: I think this question is very important for you to answer. About investors confidence. How did your team try to get public trust continues on the AvaXlauncher? What do you guarantee investors regarding the security of the updated AvaXlauncher platform?
Yeo: There are no guarantees — but we will do our best to use all tools to keep things secure. Public trust is not easy to get and it comes by such AMAs, by looking at our backers, by looking at the genuineness of our raise and more
Q13: I understand that AvaXLauncher is the main Launchpad for Avalanche, which will be aimed at strengthening the ecosystem, but are you really saying it,
do you just proclaim yourself the ultimate launch pad? did the Avalanche team confirm it?
Crane: Web 3.0 is a decentralized world where the infrastructure projects are trying to distribute as much power as possible. Therefore, they work on infrastructure and not meddle with projects building atopn of them.
Q14: The number of platforms for fundraising in Avalanche is quite limited. But I see that your biggest competitor right now is #Avalaunch (XAVA). What makes you confident #AvaXLauncher different and better than your competitor?
Yeo: We are young dynamic and dedicated team. We are live !!! We have 2 IDO announcements coming very soon. So we are fast and furioud 🙂
Q15: Now that some of us missed the whitelisting campaign, where and when can we buy tokens and what are your listing plans
Yeo: on CEX and DEX — SOOOON to be announced 🙂
Follow our channels
Q16: Some Backers of “AvaXlauncher” are Magnus Capital, Solidity Ventures, OnChain Capital, How importnat these backers have been for the AvaXlauncher Project?
Crane: We take pride in the strength of backers we have got.
We believe Launchpad’s most important aspects for success are their Marketing and IDO Deal flow.
Our backers are some of the most prominent Investors in projects and therefore having them will be helpful for us in both the aspects
Q17: Whitelist statistics:
Received over 3.5M entries in our whitelist campaign
More than 45,000 users joined our whitelist campaign
More than 45 thousand Twitter users participated in the white list.
Over 30,000 Telegrams joined our community throughout the whitelist
How did you achieve this great success in such a short time?
Yeo: Hard work , dedication and support from our backers and advisors.
This is just the beginning I think
Q18: Can you tell us what are the main problem in the excisting Defi platforms which Avalanche targets to solve ?
What are the three broad use cases of the Avalanche platform ?
Crane: Slow Transaction finality, high gas fee because of the low TPS of blockchains.
Avalanche solves this all that is why we built over it.
Q19: As I see, AvaXlauncher has some Prominent Backers names in crypto space, In what way these Invesment firms & Backers have helped AvaXlauncher?
Yeo: They have helped in every way
Introductions, marketing, advising on what to do what not to do and they contunously support us
Q20: we know “AUDIT” is important for both trust and security? Have you done any audit of your project?🌿
Yeo: yep
Q21: For your launchpad are you going to list all the project that would want to do $AVXl with you or will you eliminate the bad ones or scammers?
Yeo: Only selected and vetted projects
Crane: Our #1 feature is vetting projects.
Both with vetting team and getting KYC and with that also vetting code of projects to see their advancements.
Q22: 🎉🎉🎉What are the early access advantages for AvaXLauncher token holders who want to invest in projects to be listed, and will token holders benefit from the additional rewards of these projects?
Crane: It is high incentive to get in early. As we will be having APY bearing token staking system and LP staking which will be high APY. Also, our Intial Mcap is $53,680😉
Q23: What is the next line of action for Avaxlauncher? What is the next important thing to do and should we be expecting more surprises?
Yeo: YEs and Avalanche of surprises
Q24: many scam projects around us.And almost 90% projects with anonymous team do rug pull. At this point why you decided to remain anonymous ? How can we trust you ?
Crane: We just relaeased our Audit report today
Ankit: This team is not anonymous, you can reach out to team through website
Q25: How do you compete with Avalaunch?
Yeo: We are fast and furious. We work hard to bring best projects and thats what will determine everything. We also think this ecosystem is just starting !!!
A lot of potential. And space for both to succeed
Q26: How much you guys feel satisfied by looking your progresses and achievements till now, when you look back to the day when you have started this project?
Yeo: We are very hungry and hungry for more. We are just starting a lot to deliver
Q27: What is the priority order of the AvaXlauncher platform? Will your team be able to keep up with the constantly developing and renewing technology? Will we see new features on the AvaXlauncher platform, a simple example Can you start IDO on your own page?
Ankit: Yes we are working daily to make our product better and will be better day by day we are scaling up
Q28: What exactly are the major benefits that an investor stands to gain if he chooses to invest in $AVXL?
Yeo: You get access to top projects
And may be some more coooooool stuff 🙂
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