🏅RECAP AMA EPID COMMUNITY x PRIVI PROTOCOL
🕖AMA Timing : 7th May 2 PM UTC | 9 PM (GMT +7)
🏚Venue For AMA: @EPID_Community_VN
💰Reward Pool : 200$
➡️Part 1: Project Introduction.
Q1. Could you briefly introduce yourself as well as your project?
A:
My name is Zach, cofounder of Privi. I am so excited to be launching this platform in June this year! Privi is a decentralized social and finance network. We like to compare what we are trying to do with Apple and Steve Jobs, when they thought that combining hardware and software together into on integrated product was the winning market combination. Along the lines of that, we believe that combining decentralized social and decentralized finance is the path to a truly revolutionary blockchain based product. Privi is like an iPhone…. when the rest of the consume facing, blockchain based products out there, are like bad, low utility, flip phones.
Q2. What makes the Privi project stand out more than the projects in the same direction at the moment?
A:
Very simple… not only are we more innovative than everyone else, with a beautifully designed user interface (UI/UX) and the most powerful platform, but we are an actual product, we are not a roadmap, our entire platform is ready right now and we soft launch next month
Q3. What are the memorable milestones of Privi in the research and development process?
A:
Again, no roadmap. Product is done and will launch to the world soon with every feature we have: NFTs, Social Tokens, listen to music, watch videos, stream content, monetize from your content, prefund your content, Wallet, Atomic swaps with BSC, ETH and BTC, Liquidity Pools with no Impermanent Loss or Slippage, Insurance Pools, Credit Pools, Indexes, and even a data token where you can earn when you see ads in the system… and so much more!!! The world is not ready for Privi!!! All this will be out this June 🤤
Q4. What does Privi plan to do to attract more users in the upcoming time?
A:
We like to separate things into two internally at Privi when we build our products, first is the user User and what they can do, and next is the creator, who in reality, are the heartbeat of the modern internet landscape.
For the user, the user can listen to music, watch videos, invest passively or actively in internal or external tokens, prefund content, create their own customizable communities, insure their investments, invest in NFTs and social tokens, and really, that is only a part of what the user can do
For the creator, think (bloggers, Youtubers, small businesses, brands, really anyone creating things on the internet), they can stream media to their users and price the media per second, and earn crypto (BTC, ETH, USDT, whatever..) on a second by second basis as their fans view their content, they can create ‘gated’ Community DAOs and mint social tokens which can be used for payments in these communities, they create and mint their own NFTs (no gas fees, we are built on Hyperledger fabric yet communicate with ETH and WAX..), you can fractionalize your NFTs, you can prefund content with your fans, AND SO MUCH MORE!
We are partnered with major musicians and DJs who will come in during our soft launch and we are partnered with over 500+ creators ready to come in and over 10k people on our product waitlist
➡️Part 2: Question From Twitter (5 best questions).
Q1: @AaPutun
what is the total supply or can you give a tokenomics description of the $PRIVI token in that #PriviProtocol and can you provide a place to farm / stake the highest APR?
A:
Total supply is 100M. The PRIVI Token will be required to use the product to cover network transaction fees which range from free to as little as 4%. PRIVI tokens can be staked to stream content and media (so user stakes tokens, and becomes a member of a Privi Community, this community earns profit from these tokens and pays the creator for when their members stream and consume content), PRIVI can also be staked for interest, voting rights, etc. PRIVI tokens will also be used to ‘verify’ profiles, Pods, and Communities
Q2: @Benjami129
NFT is getting more popular now a days. It looks NFT has bright future. So do you guies have any plan to include NFT to your project?
A:
haha yes of course we have NFTs! We don’t just have NFTs… we provide THE BEST NFT SOLUTION in the market
Not only can you mint them for free, NO GAS FEES
You can NFT songs, videos, live audio, blogs, articles, property… Anything can be an NFT with Privi
You can fractionalize your NFTs as well, for example if you created a YouTube video and wanted to sell 30% of the video to your biggest fans, this means that they own 30% of the video and own those NFTs. These fans can then pay interest to the owner of the YouTube video, and every time someone streams the video on Privi, then everyone who owns the NFT will be streamed crypto on a second by second basis as the users are consuming your NFT
Again, all this is developed and will launch in June 🔥
Q3: @DouSaitama
I am a developer and I want to contribute to your PRIVI project with income, Do you have any Bug Bounty for security vulnerability test?
A:
We have testers in the platform now, as we are in testnet. Within Privi we have an application where people can create Community DAOs, these are self governable spaces where people can chat, vote, make payments, vest tokens, gate content with Social Tokens, these communities are completely customizable.
One of the first communities in Privi will be a Bug Zapper community where if you find bugs, you will receive a Badge which could earn your Privi Token rewards
Q4: @HONGphc50627894
Can you tell us about PRIVI’s listing plan? Especially those plans involving major exchanges, CEX and DEX. What types of Partnerships are PRIVI looking for and what value will they bring?
A:
Please join our announcement channel and our social channels to stay up to date on our IDO plans. We will be announcing it very soon 🚀
The platform launches this June, so we are not like other blockchain projects out there that have no product. Or a very limited/bad/low utility product
We are a full platform built on HyperLedger Fabric, so ALL TRANSACTIONS are very low and very fast. BUT we also are operable with ETH, BTC, BSC (and soon DOT, ADA) block chains so you can make atomic swaps with those networks at any time with your Privi Wallet
Q5: @MPonngu
What mechanisms / strategies does PRIVI use to keep users motivated and presented on your platform? What promises can PRIVI’s platform make in terms of user security and privacy?
A:
There are no promises in technology haha. Even Google breaks lol. However we are a decentralized platform, as such you are responsible for your own wallet keys (and we help you remember it with a mnemonic device so you can always log in and access your information)…. HyperLedger Fabric is maintained by IBM, so if Privi ever goes down, as long as you have your private keys, you will be able to access your assets and transaction history.
However, a new thing we have been working on… is OUR 3D world!
With Privi… THIS JUNE… you can show off your NFTs in your very own metaverse, you can listen to music, watch videos, attend events, meet people, and stream and pay in your very own 3D world
Every profile will have their own 3D world
SO WHAT ARE YOU WAITING FOR !!!!! 🔥
➡️Part 3: Free asking (5 best questions)
Q1: I found out that aside from your PRIVI Tokens, you have OTHER NATIVE NETWORK TOKENS that are coming soon, the Privi Data Coin (pDATA) and Privi Insurance Coin (pINS). So can you tell us their characteristics & functions in the platform? Also when is their exact release date?
A:
Privi Data Coins is how you can make money from your data. In your profile, you select if you want to be advertised to or not. Advertisers (peers and businesses) then purchase pDATA and transfer them to you (you receive 99% of the price) if your data insights are used. You can then go trade pDATA on any CEX or DEX (2021..) or Swap with ourLiquidity Pool solution. Since we are decentralized, you also stake pDATA for voting rights on how the advertising and data systems are managed in Privi. Privi Insurance Coin does the same for our decentralized Insurance Pools, if you invest in a insurance pool you are underwriting Pods/NFTs, in return you receive pINS which gives you interest from underwriting that Pod/NFT transferred to you automatically, you also receive voting rights, claim priorities, etc, if you own pINS
Q2: Why was blockchain important to bring PRIVI ? What problems are you going to solve in this ecosystem?
A:
I love this question. We all know blockchain has its promise, but has it been achieved? Truly only a tiny fraction of the world uses it. I mean we are talking about a few millions out of 7 billion people. So…. what does everyone on this planet use every day? Social media. We have built an end to end decentralized social platform that is built on blockchain, meaning its financial rails (of which there are many… Swaps, Credit Pools, Insurance Pools, Indexes, second by second payments while streaming content, free NFTs, free Social tokens…) are intricately connected to the social network. Hence why we like to compare this to Apple, when they integrate hardware and software, we integrate social and finance…. and the best solution for this that is fair and decentralized, is blockchain
Q3:
Although ETH 2.0 is delayed to next year, but it will solve all exist problem of ETH and become the best choise for dApps in future, so do you think this is a threat for your project and how could you overcome this barrier??
A:
Delays delays delays…… all we hear is delays. By the time ETH 2 comes out who is to say something better wont come along. The status quo is ETH right now… why? Their fees are make little economic sense for the average person. Privi is not delaying, we are a full product coming out this June with no economic consequences
Q4:
Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress?
A: We are a full platform that is about to launch so sign up !
Q5:
How do you plan to show the world that your product is not just useless blockchain solution to a non-existing problem?
A: We provide streaming and content consumption for many types of media. But take audio for example. Musicians are already singing up to use PRIVI before we even launch. Why? Because Spotify gives them NOTHING. We give a solution to where users listen for free (through staking) and musicians earn 3x what they earn elsewhere, check out this article
