Flickto AMA Recap

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Cardano_Daily Admin: Hello and welcome, how are you today?

Rob Flickto: I’m doing great thanks. Been a very busy week given we only launched on Monday, but the positive response we’ve received from the community about the project has been inspirational!

Cardano_Daily Admin: Happy to hear! Ready to start our AMA?

Rob Flickto: Okay.

Q1: Now to start the AMA, please have a quick introduction to the community. What is Flickto all about?

Rob Flickto: Sure!

Flickto is a Cardano-powered community media launchpad.

There are millions of artistic content creators around the globe just waiting to produce the next streaming success, box office hit or Emmy Award-winning TV show. Content has never been more producible, yet creators often hit a stumbling block: financing.

Flickto aims to change that.

Using a unique combination of tokenisation with the FLICK token and Cardano staking, Flickto will empower creators globally by financing projects that the Flickto community themselves has chosen and voted for.

For the first time in media history, everyday individuals will not only be able to choose which media projects get funded, but also financially benefit from the project’s success via earning distribution royalties from successfully funded projects. Rather than distributed content helping media conglomerates get richer, the users that supported a project will be directly rewarded.

Our vision is ambitious but simple: Flickto wants to change how modern media projects are financed and produced, and bring control & power back to the content creators and the communities supporting them!

Q2: Please share with us the background of the team. What are your past experiences?

Rob Flickto: I’ll start with myself. I’m Rob Knight, co-founder and CTO of Flickto.

I’ve worked in the technology sector all my working life initially dealing with distributed systems operations and Linux engineering. Fast forward a few years and many sleepless nights, and I’m the CTO of a global software company that makes Linux & Kubernetes open source technologies.

As part of this, I’ve built close relationships with some blockchain technology startups, and eventually invested in the technology myself. My fellow co-founders and I identified a gap in the space, and we’ve been working on building Flickto with the team for a while now. I’m the one that’s building the systems and leading our development team on platform build and creation, and we’ll be doing a series of “meet the engineering team” posts on our channels in December for the world to meet the people working on the code.

Theo Bailey is our CEO/President and oversees the media side of Flickto, and it’s essentially his responsibility to make sure the projects listed and eventually funded are a commercial success, and pay back good returns to those who supported the projects.

He has owned and run a successful security company providing security services to the film and television space for many years, and over this time have built up a fantastic network of friends, partners and advisors in the media space. He’s also been an extra in many productions now. He may not be as publicly viewable as myself, but that’s because he’s in the background negotiating deals, bringing onboard advisors and investors and doing all he can to ensure Flickto will be a success.

Theo has already bought angel investors to the Flickto project, and his experience and connections will accelerate the projects we fund to mass market success!

Our COO has helped grow several startups in both legacy and fiat world and turn them into success stories. He’s here to guide the project to ensure success for our community and investors. He’s currently working on our marketing plan, so you’ll be hearing more from him and seeing the fruits of his production in the coming days.

We also have “Miss M”. She’s our community manager and will be taking over day to day running of the Telegram group from myself on Monday. She’s helped moderate many communities in the past, and we know everyone’s going to love her!

We are going to be doing a full team reveal and doxxing in December to introduce our additional founders, leaders and advisors in a series of articles, social posts and youtube videos/interviews.

Q3: What are your special features?

Rob Flickto: Flickto is the first media-focused launchpad on the Cardano blockchain.

Our platform will showcase media projects submitted by content creators for community review and funding.

Users will be able to vote on projects and engage with content creators, something not currently possible with traditional media production methods. We are opening up those closed doors to the masses, to get individuals involved in the process.

Of course people will be rewarded for doing so, combining our quadratic voting mechanism to give everyone a fair share of the voting pool with staking, so that users earn rewards simply for voting.

Media projects will also be producing project-related NFTs, so that users are able to collect or trade that give them an additional stake in a project.

There are countless generic crypto launchpads, designed to launch crypto projects.

Our main “special feature” is that Flickto is designed to fund and support media projects (Film, TV & Streaming content).

This means that projects FLICK holders choose to fund will end up on the big screen, their tablets or on their television sets. True real-world utility!

Q4: Can you walk us through more about Initial Stake Pool Offering?

Rob Flickto: Sure! – Our ISPO is how we’re initially raising funds for the Flickto Project and projects we will fund.

It’s a proven funding model in the Cardano ecosystem, and is a safe non-custodial way to earn FLICK tokens. With Cardano, staking is unlocked, so users are free to move pools at any time without any penalty.

It also helps with securing and decentralising the Cardano network (we run our pool on dedicated globally distributed hardware rather than centralising it on a cloud provider).

Our pool ticker is FLICK and you can find us on Adapools at adapools.org/pool/1ae474a832cb712bf8f922938ab99d5c899e373ddebf066a135addc6?utm_source=app

We urge everyone to check the Pool ID’s from Adapools directly to avoid impersonators or scammers. We will always have the latest pool details on our website as well (www.flickto.io/ispo)

Our ISPO will have 2 phases, with the primary phase lasting for 32 EPOCHS. During this phase, users will get 0.15 FLICK per active ADA Staked per EPOCH, and the tokens will begin vesting on January 5th, 2022.

We also have long-term delegation bonus’ that will be added to the total FLICK amount earned at the end of the primary phase. These are:

28-32 EPOCHs: +15% extra FLICK 

25-28 EPOCHs: +10% extra FLICK 

20-25 EPOCHs: +5% extra FLICK  

We also had an early delegation bonus for those that delegated to our pool before EPOCH 300 of 100x FLICK tokens, to reward those early backers for their trust.

We also have a secondary phase of the ISPO.

This starts at the beginning of EPOCH 332, and runs until all 2 Billion FLICK tokens have been allocated to delegators.

With each passing EPOCH, the available FLICK reward will decrease by 0.01, down to a minimum of 0.02. (So EPOCH 333 will be 0.14, EPOCH 334 will be 0.13 and so on).

We’ve had questions around FLICK supply in the past, and how we will manage it. One aspect of supply management is our ISPO vesting policy. In the Primary Phase, FLICK tokens begin vesting January 2th at a rate of 10% every month. This is so we avoid all FLICK tokens hitting the market at once.

The minimum someone must stake in the FLICK pool for it to be counted is 10ADA, and the Flickto team will handle all reward distribution (you don’t need to claim tokens we will send them and cover the ADA Dust fee).

Active stake is used for all calculations in the ISPO, and FLICK is earned regardless of pool block performance.

So yeah, people can search for the pool ticker FLICK today and delegate 

Q5: Please tell us about the $FLICK token! What are the token use cases, distribution, and how to buy/get it?  

Rob Flickto: Sure!

The full details are in our whitepaper (www.flickto.io/whitepaper), but there is a 5 Billion total FLICK token supply.

65% of this supply is up for public distribution (40% ISPO and 20% Pre-sales).

15% is going to the Team, advisors & partners (with a 6-month lock-up and 10-month vest).

We also have allocated liquidity for eventual trading on DEX/CEX.

The primary way to get FLICK right now is staking in our stake pool (FLICK), or by participating in our private sale round (by emailing [email protected]).

When DEX’s launch on Cardano, we will allocate sufficient liquidity supply for users to obtain it on those (launch dates yet TBC by the DEX projects).

In terms of use case,

The primary use case of the FLICK token is for users to vote by staking on the Flickto platform. This will launch in the new year, and is where users can view projects that wish to be funded and submit their vote.

But holding and voting with FLICK also rewards the FLICK holder. Engaging in any voting round will earn them additional FLICK, and if their chosen project goes on to be successfully funded, they will receive additional rewards.

FLICK holders are also entitled to earn additional ADA revenue from projects that they funded or participated in the voting rounds of. This is achieved by a revenue-sharing agreement of distribution royalties for successfully funded projects. In the past these would go to large media companies, but we’re putting those profits in the hands of the content creators and users that supported the project.

Q6: Let’s talk about partnerships & influencers that you are collaborating with.

Rob Flickto: Earlier today we announced Ben Morris as one of our launch advisors. You can view his production history at www.imdb.com/name/nm2233924/, and he’s been involved in directing numerous famous British TV shows such as Holby City, Casualty and Doctors. His decades of experience in the media industry will support Flickto in further propelling projects to success.

We also have Geraint Harvard Jones (www.imdb.com/name/nm2685240/), who’s been a TV director on many shows produced here in the UK.

We’ve also got a crypto partnership that’s currently under NDA to be announced in December, and we’ll be announcing our additional industry & Project advisors over the next few weeks, so stay tuned to our socials.

Over the next week or two, the community will start seeing posts from the influencers we’ve attracted to the project, including some initial project review youtube videos that should be hitting this weekend!

Q7: Could you give us some information about your roadmap, your milestones, and also your future plans?

Rob Flickto: Of course!

Flickto wants to change the way media projects are funded. This is a huge ambition, as this industry can sometimes be slow to change. We saw how long they took to adapt to the Internet and streaming content for example. This is why it’s so important for Flickto to have strong media connections. The only way we can influence is from the inside, and by delivering on our promises.

The full roadmap is in our whitepaper (www.flickto.io/whitepaper), but some highlights:

December is when we doxx ourselves (the full team)

In the new year our platform and app will launch, to showcase our initial projects, as the first bunch of ISPO FLICK tokens will vest then, so people can start poking around the platform and looking at projects.

We will have our first public voting round in February 2022. This will be the first time where showcased projects were entirely submitted by the community for consideration.

I am excited to share that we already have 3 media projects in the pipeline It’s called the Cartoonist, a short action-horror flick.

Here’s a sneak of the project art

There’s much more where that comes from, including initial projects that have signed up with us, and we’ll be sharing those details over the next few weeks.

The promotional NFT that early delegators will be sent is also based on the above image, as a celebration of the ISPO launch.

Q8: Where can we find out more about Flickto on social media?

Rob Flickto: The best place is our Twitter, where all the latest updates will go: www.twitter.com/FlicktoMedia

We of course also have our telegram community as well, which has been very supportive of such a new project (while rightfully pushing us to deliver!): t.me/Flickto

We do have a Reddit sub that recently launched as well: reddit.com/r/flickto

The team and myself welcome anyone to join us at the above 

Cardano_Daily Admin: With this, we are now at the end of our AMA session with Flickto.

Time for wrapping up, any last words you would like to say to our community?

Rob Flickto: I want to thank you all for spending the time today to listen about the project. I also want to thank the early investors and early community members for seeing something in our vision. We fully realise that we don’t have all the answers to your questions right now and can’t share certain things about the team or our partners, but I counter that with saying that we’ve delivered on the targets we’ve announced to the community so far (Whitepaper & ISPO launch), and we will deliver on all the extra details everyone is rightly needing 

Watch this space, as Flickto is going to enable new types of content that we’ve not been exposed to en-masse before!

Cardano_Daily Admin: Thank you so much for spending time with our community & all the very best for Flickto.

Source : bscdaily

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