Coinfluence AMA Transcript

Making GREAT blockchain projects go viral.

Andrew (BSC.News):

Hello everyone and welcome to the AMA with Coinfluence!

Today we have the CTO John as well as the CEO of Coinfluence Adrian here today

Adrian:

Hey guys, great to be here with you, thanks Andrew!

John Robertson:

Thanks you sir

Andrew (BSC.News):

Of course! Pleasure that have you guys here today

So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway 🙂

Sound good with you?

Adrian:

perfect

Andrew (BSC.News):

Okay great so let’s jump straight into it

1. Can you please give an introduction to yourself and how you came to be apart of Coinfluence?

Adrian:

I’m the CEO of Coinfluence, a guy who experienced top management in manufacturing, electronics and development for the last decade and chose to be a blockchain and AI entrepreneur in his late 20s. Love pets and Musk and read all of John Maxwell and Tony Robbins’s books.

John Robertson:

I’m a technology entrepreneur from the IoT / AI space. Got interested in blockchain about two years ago. Decided to join the Coinfluence team as CTO because I see the need for this project.

Andrew (BSC.News):

Okay great thanks for those introductions

I can see you both are pretty experienced in this space and have the knowledge to drive to great lengths with a project

So about Coinfluence…

2. What is Coinfluence? What does it contribute to the future of DeFi?

Adrian:

Ok, I’ll answer this one

Coinfluence is an influencer-based launchpad for accelerating the best blockchain projects onto the global stage, and we will start with our own $CFLU token. We are currently in our ICO stage.

Our aim is put the most promising blockchain projects in the limelight through influencer marketing, community building, and other marketing plans. The end goal is to reach 1 billion participants looking for a piece of the next crypto tsunami.

When you look at the crypto market, you realize that it still has a lot of potential and room for more projects. However, it is not easy for new projects to claim a piece of the pie if they don’t have community backing or proper funding. This is where we come in.

We create viral loops for deserving blockchain projects so that we create a win-win situation for token investors, developers, and all the stakeholders involved.

We have a team of blockchain experts who screen the best projects based on our proprietary algorithm. And we’re exactly what the crypto world needs right now.

Andrew (BSC.News):

Gotcha, so in a sense you are doing to job of a launchpad as well?

Adrian:

exactly

the ICO is just the 1st phase

Andrew (BSC.News):

Okay great so moving on…

3. What inherent problems did you see within the DeFi space that you hope to solve with Coinfluence? How will you solve it and what is the end result you wish to see?

John Robertson:

Great blockchain projects that failed to find their audience. Coinfluence gets these projects the exposure and support they deserve.

Nothing worse than an idea that never gets out of the sandbox.

On the launch pad project founder can find the influencers and supports they need to be successful.

Andrew (BSC.News):

So when you say projects that failed, do you mean projects that failed in the development stage that needed more capital/exposure or projects that were launched and did not recieve the exposure you feel as though they deserved?

John Robertson:

Projects that “failed to launch”.

So in the development stage

they couldn’t find an audience, investors, traction or the guidance to get off the ground.

Can’t get to the moon if you’re on the ground.

Andrew (BSC.News):

Understood, thanks for that clarification John!

4. What is $CFLU? What utilities does it hold on your platform?

Adrian:
$CFLU is the token of Coinfluence

anyone who wants to invest in our great blockchain projects will have to use $CFLU in order to do that

Andrew (BSC.News):

Great and can you give us some insight into the tokenomics?

Is the token deflationary?

John Robertson:

Yes. Fixed cap and we will list it on Nov 17 at the price of the last phase achieved. 10% of the tokens will list. If there are any remaining they will be burned.

Andrew (BSC.News):

Got it

Adrian:

we issue 650 million tokens from a total of 1 billion in 100 phases

Adrian:

but John just saved me and pasted the image of that haha

Andrew (BSC.News):

Understood, thanks for that information

So when I was doing some research on coinfluence, I saw that I wanted to ask about

5. 10% transaction fees are high for those wishing to purchase $CFLU, how is your platform unique that users are still incentivized to buy despite the 10% tax?

John Robertson:

… The 10% tax is the fuel for token holders. Only 2% goes into marketing and growth which benefits everyone. ….

… 4% is for liquidity which token holders want. The other 4% get redistributed back. So token holders benefit ….

Token holders are making 4% doing nothing.

Of course returns will grow expotentially as everyone looks for $CFLU to stake to their favorite upcoming projects.

Andrew (BSC.News):

Right, so in terms of trading volume, about how much would need to be traded for someone to make their money back on that 10% transaction fee?

John Robertson:

Well….

Andrew (BSC.News):

Math was never my strongsuit haha

Adrian:

John, fast program a bot to answer these questions and lets get out of here haha

John Robertson:

if 2% of every trade is going to marketing and growth…. then really the 8% is recirculating value for you. So it depends entirely on the price you trade out at.

Adrian:

the amount of your investment is the key combined with our conversion rate

Andrew (BSC.News):

Gotcha, thanks guys!

So I know that you guys just announced Bow Wow as one of the influencer which I am very excited to see

But that leads me into a question I had

6. What role are influencers going to play into your platform? Doesn’t having that sector of investors influence a kind of “get rich fast” environment?

Adrian:

Creating brand awareness, connecting us with the world. Not really, because we develop as we go, so we’re educating our community as we go further with the project. ‘Get rich’ fast doesn’t exists in the real world without an extreme high risk.

John Robertson:

We take a get rich slow approach.

You build value.

Adrian:

so in the end you decide if you’re going to be an investor and understand the mechanism and the project or make money on a fast appreciating token when it will be listed. We know where we’re going, it depends on everyone if they get out soon or reach the destination.

Andrew (BSC.News):

Got it so would you incorporate some sort of learn and earn program for those who may be new to DeFi?

Adrian:

yes, and we’re constantly having an active dialogue with the community

John Robertson:

For sure. Education and community discussion help new comers understand what they are investing in.

Adrian:

it benefits us all to have more people who understand how blockchain works

Andrew (BSC.News):

Okay great

7. What would happen if the influencers you bring on board are unhappy with something and tell their followers to dump their tokens? Do you have any mechanisms to prevent such actions?

John Robertson:

Well….. first…. we never want to be in that position.

… Second, when token holders are seeing a good return they will think about their returns first….

Why sell something when you are getting great returns?

…Finally, this is another reason for a 10% tax. It makes token holders pause to think before making rash decisions.

Crypto is volatile enough as it is… we don’t want that in a launchpad.

Andrew (BSC.News):

Okay fair enough

8. Where do you see Coinfluence 5-10 years down the line? How are you prepared for a bear market?

Adrian:

…blockchain projects, a company that gives boosts confidence in community and promotes equal chances for all people. We launched in a bear market, so we’re not afraid of that, people are more and more confident in blockchain, technology isn’t the future, it’s right now.

Andrew (BSC.News):

Very true, and regarding the techonoogy, your platform obviously utilizes smart contracts

and smart contracts always come with a risk

So my next question is

John Robertson:

VERY Smart Contracts

Andrew (BSC.News):

9. In terms of security, how can you assure users that your platform is safe to use?

John Robertson:

Extra Smart Contracts

Smart contract will be audited and we have a very transparent approach to managing the community.

This builds the secret ingredient, TRUST.

We are constantly engaged and clarifying what is happening with every step.

Our first smart contract had an issue.

Someone in the community pointed it out.

We fixed and re-deployed a new contract.

The existing token holders got a 20% bonus when we airdropped their tokens back.

true story.

Andrew (BSC.News):

You redeployed which is great. But once the audit is complete and your platform begins generating high trading volumes with millions in TVL, how can you incentivize users to once again come to you with bugs rather than exploiting the bug?

John Robertson, [Aug 18, 2021 at 1:40:43 PM]:

excellent question.

Adrian:

we’re a community, and the sense of this is to trust each other and help each other. So we’re developing as we go, we’re audited by CertiK and have the best blockhain developers in our team, but still bugs are there.

John Robertson:

In the early stages you have the flexilibility to learn and work out the bugs.

So when we launch the smart contract is solid.

No one want to make changes.

But you have to be prepared for anything.

ETH had to do the London Hard Fork. Painful. Still painful. But had to be done.

We’re not ETH.

Obviously.

But we will also be looking ahead….. and keeping the community’s best interest.

Andrew (BSC.News):

Awesome, great answer john! I can tell you have that fire lit inside you!

So last but not least

10. Any exciting news you would like to share with us today?

John Robertson:

Almost 4000 on Twitter….

Adrian:

We just added Bow Wow to the team, and we’re happy to announce 2 more celebrities are coming soon. We are giving away a Macbook Pro M1 almost once every 2 days.

John Robertson:

and….. BSC News is following us.

Oh…. yeah …. and Bow Wow……. LOL

Adrian:

I think we can be close to 5000 on Twitter till morning, can’t we guys?

John Robertson:

@DrewtheAce you need a new Mac no?

Andrew (BSC.News):

Great! Can you drop the links to your social media accounts?

Would love one John

John Robertson:

Let’s start with

Twitter

Telegram

Reddit

YouTube

Rest are at the bottom of Coinfluence.org.

Adrian:

and by using our affiliate program you get 20% off of every transaction your friends and recommendations are doing

John Robertson:

Yeah… that’s a sweet deal.

Andrew (BSC.News):

Okay awesome so that wraps up the AMA!

But thank you for taking the time to join us for this AMA. I know I learned a lot about Coinfluence and am very excited to see the future developments 🙂This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.

Source : bsc.news