BlockchainSpace AMA Summary Recap with Shin Chan Community
We held a live AMA with Marketing and Community, Mo from BlockchainSpace on 2nd December 9:00 PM (UTC+8). Here’s the recap for those who missed it.
Introduction
JH | Shin Chan: Before the ama start, can you please introduce yourself and team background to our community?
Mo: So my name is Mo and I am leading the Marketing and Community efforts for BlockchainSpace
BlockchainSpace enables play-to-earn guilds to scale in the metaverse. We build tools to empower gaming communities and run academies to identify economic opportunities in games. Our aim is to embolden the next generation of play-to-earn gamers and guild owners to become successful entrepreneurs by equipping them with essential digital tools and financing.
Our team has a true passion for Play-to-earn 🙂
JH | Shin Chan: great. thank you for introduce us about BlockchainSpace
Is there anything from BlockchainSpace would like to share with us?
Mo: There is so much but I think the most important news has just been released TODAY!! We’ve finally released the date for our Token Launch
Super busy and really excited for whats to come
JH | Shin Chan: $GUILD Token Launch on Dec 8 -11 🚀🚀🚀
Thank you for sharing with us 💯💯🚀🚀
and looking forward to more exciting news from BlockchainSpace
Mo: Actually we just released this 1 hour ago
JH | Shin Chan: our community got the first hand news from you❤️❤️
Twitter Section Begins:
Q1: I read that the next step for you is the launch of the $GUILD token which can be used for community governance. Can you share with us how this token will run your economic model through league tournaments? Will you reward your players with these tokens?
Mo: Sure let me discuss a bit more, games will use $GUILD to advertise to Guilds and incentivize Guilds to participate in their games.
Our token can be used to distribute to specific Guilds
eg. A Game with headquarters in the US may not have strong reach to engage with Gamers in SE Asia.
BlockchainSpace will identify the best performing Gamers for the Game in SE Asia and act as a distribution channel for both $GUILD rewards and the Game’s Own Token
Overall Guilds are incentivised to on-board with us as they get access to this amazing ecosystem as well as so many other benefits
Q2: BlockchainSpace has an automated credit scoring and loan issuance. But, how do they manage to automate loan appraisal and issuance? What is the mechanism they have used to achieve a fair and secure allocation of each loan so that their economy is not destabilized?
Mo: We currently serve 2,500+ guilds representing 565,000 players. we’ve been aggregating data such as daily earnings, hours played, etc.
So for example if you think about it like in the normal world, this data is like your payslip that you get from your work that you use to then get credit
This data could also be used to create automated financial instruments such as automated credit risk assessment and automated loans tied to the performance of Gamers within these Guilds.
Its a fair alternative credit system that is accurate
Q3: Security is top priority, 50% attacks happen frequently and even to the most known blockchains, can you tell us how does your prevent such attacks? What do you think about the role of governance in blockchain adoption?
Mo: We’re building this for the long term. I think a lot of people do not realise this but we already have a live product!
2500+ Guilds are ALREADY using our product. Right now, we focus on security hence, we dont want to rush deployment. Our code is currently undergoing an audit. Having said that, our data feed allows people to experiment with our data so that we do not slow down new concepts and new builds.
Q4: The gap between traditional gamers and blockchain gamers is still wide open. How can bridge this to attract more traditional players to try new blockchain-based games? What’s your plan to expand the adoption of your project to the traditional gamers?
Mo: Very good question
I think games like Axie are already making so much noise that traditional gamers are already very interested
Games like fortnight already have a huge huge ingame economy
it will be a natural transition for these games to start investing into Play to earn
Gamers want to be rewarded for their time and be allowed to move their assets across multiple games
For BlockchainSpace — we are building the infrastructure so that when traditional games do want to come to play to earn — we have everything ready for them to start without any hurdles 🙂
JH | Shin Chan: agree with you
Mo: I spend so much time unlocking things like guns in call of duty, but then I can never sell those guns or be rewarded for all the time i spent in the game — its not fair lol
JH | Shin Chan: hahaha, yeap, play to earn will be the huge in gaming industry💯
Mo: it already is 😉
Q5: One of the things that I find interesting is a good partnership, can move things more quickly and efficiently, we are talking about Sandbox and Axie infinty. What partners do Blockchain_SPC have and do you have plans for more partnerships in the future?
Mo: We are neutral in the play-to-earn industry and want to work with everyone — but everyone also wants to work with us. We provide valuable data for all the guilds, and also eventually the games too.
This gives us a huge advantage as guilds are becoming rival communities.
Many people might not know but the co-founders of Axie (Jihoz & Aleksander) are Angel investors in our Company.
Sebastian founder of Sandbox is also an Angel investor in our Company.
We also announced our partnership with Coingecko to provide them with scholarship data
last week we announced our partnership with YGG
The list of partnerships is endless because we are so helpful for so many companies in the p2e ecosystem
so stay tuned so many new partnerships are coming 🙂
Telegram Live AMA Begins:
Q6: I read you have three Leading Angel Investors from CO-Founders who come from leading great Games. Can you explain to us the Axie Infinity and Axie Scholarship models?
Because I think there is a lot of influence, and I don’t understand this yet.
and At BlockchainSpace, what helps the model?
Mo: This is actually a great question — I will try and summarise -
Currently Axie infinity the game require you to make an investment to purchase the Axie characters to enable you to play the game (lets say that investment is $5–600)
A lot of people cannot afford this investment so they come to a play to earn guild to “rent” the teams so they can play and earn money. The Guild will give a % of earning to the player and they will keep some profit for themselves
But….the problem is when a guild becomes bigger and bigger, it becomes really really difficult for them to manage their players
That is where BlockchainSpace helps — we can help guilds manage players but also now that they use our products, they can also get access to Finance — so the guild can go and expand and help so many more people
Q7: You talk a lot about credit facilities to play, is that what you refer to as offering “scholarships” for games? Or is it really another system that will allow users to buy their NFT characters with loans and then pay them back in easy installments?
Mo: You understood this correctly — Its not another scholarship. Its to allow Guild Owners to purchase more Axie NFT’s so they can expand their guild. It can also be used for players who want to have their own Team too
Q8: One of the difficulties in play-to-earn games is that players adopt early on to maintain wealth/power. It can really detract from people’s enjoyment of the game. Will Blockchain Space do anything to prevent early adopters from controlling the marketplace?
Mo: Some people think that early adoptors are just whales buying things to sell for profit. Actually, they need to see that early adopters are the ones who help build the project to get where it is. They take the risks too because sometimes they dont know what will happen. The market always gives people oppurtunity to get in at comfortable prices (remember bitcoin was a 50% discount only a few months ago 😉
Q9: 📌I see that BlockchainSpace has (Axie Academy Bot v1, v2, v3) which has an interesting feature to help Guild Managers in their Scholarship Program. Can you tell us more about these Axie Academy Bots? Can everyone use the Axie Academy Bot on any discord server? Then what about the conditions to be able to use this?
Mo: Best to head over to our Gitbook https://blockchainspace.gitbook.io/blockchainspace/or-blockchainspace/master
but also to check our official discord — all of our community onboarders are there to help everyone https://discord.gg/blockchainspace
blockchainspace.gitbook.io (https://blockchainspace.gitbook.io/blockchainspace/or-blockchainspace/master)
Q10: 🟢 Could you explain us what will be the methodology that the Blockchain Space team will apply to incorporate new games into the platform? Will you make this decision based on certain game capitalization, increased demand, or what really?
Mo: Right now the only game that has such a huge community of p2e Guilds is Axie — Blockchainspace will continue to monitor and partner with games where we see potential for a similar community to exist. We can then provide our products to all the guilds for those new games
Q11: How can I claim the holding token rewards on your project? Are there any automatical claiming for rewards or do I have to click time to time to claim staking rewards?
Mo: We are doing an Airdrop Campaign — we are giving away $5000 of $GUILD -
Please enter the competition for the chance to win some — we really appreciate your support
Please also follow our Telegram — https://t.me/blockchainspace_official
We will be announcing some more uptodate news here as well
-End-
