TokenHunter x dNFTspot AMA Recap.
- Introduction of Host @MaxeyDGreatest
Answer: I am Gideon, Core Team Member of dNFTspot @dNFTspotOfficial . With a laser eyes, I am glad to be here to answer all your questions. I am fluent in several programming languages. Heard about Bitcoin in 2018, while I was in college. Feel in Love.
Smart-contracts got popular in the crypto space, so I started playing gaming dapps. Worked on a PVP gaming Dapp concept which I consider very successful and moved with the market to participate in Defi Dapp and now. building NFTs protocols.
Non-fungible tokens (NFTs) are a class of cryptocurrency assets in which each item, or token, is unique. This makes them less relevant as a currency, but quite useful for other things — such as crypto art, music, and gaming, e.t.c. An NFT is backed by a social contract from its creator and a surrounding community.
Our vision to build a decentralized dNFTspot platform to give NFTs investors on the dNFTspot platform better prices for their NFTs is just one piece of the puzzle. dNFTspot is a decentralized platform to mint, launch, and discover NFTs. The dNFTspot. feels that many things can be done with the NFTs and we are working together as an awesome team on NFT ideas we find cool.
So basically, the core of the team are blockchain enthusiasts and investors in several projects across multiple chains including but not limited to ETH, TRON, and BSC.
We have a good working relationship and understanding amongst ourselves as we have been together for a while, dating back to a gaming dapp built with the help of Sesameseed on TRON and we are a part of several communities and communal projects on BSC. A large part of us are behind the Nftswaps.io project which was created to solve the issue of liquidity as far as NFTs are concerned and seeing that something was missing, we decided to create dNFTspot.i
Q1. Can you tell us about dNFTspot and with what goals was it developed?
Answer: dNFTspot is a decentralized platform to mint, launch, and discover NFTs. To put it plainly, dNFTspot is a launchpad for NFTs. Unlike other NFT launchpads, dNFTspot allows artists, creators, founders, and projects to create an NFT Drop while raising liquidity simultaneously for those NFTs. NFT Drop is an interactive fundraising dashboard for NFT ideas, events, or projects.
Read the platform FAQ on dNFTspot Medium: https://bit.ly/dNFTspotFAQs
The goal of the platform is to be NFT users’ favorite SPOT for NFTs on the BSC Chain and any other chain we launch on.
This isn’t public knowledge yet but platform development has kicked off, funded by our partner project whose platform development is equally being developed.
Q2. Can you tell us about the dNFTspot’ SPOT token?
Answer: SPOT is the native and utility token for the dNFTspot platform. It is also a reflection token with a 3% fee (1% to be redistributed to SPOT holders and 2% automatically supplied to PancakeSwap Liquidity). Persons interested in participating in a public sale on the platform must hold SPOT.
The input reflection mechanism encourages SPOT token holders to hold on to their SPOT tokens in order to earn SPOT fees from the transactions on the market and a higher percentage of the fees is used to feed pancakeswap liquidity.
SPOT TOKEN INFORMATION
Token Name: dNFTspot Token
Token Ticker: SPOT
Precision: 18Maximum Supply: 21.000.000
Transfer Fee: 3%
✓ 66.667% : goes directly to liquidity on pancakeswap.
✓ 33.333%: redistributed proportionately to $SPOT holders.
Q3. Can you shed some light on the utility of $SPOT and how are the holders rewarded?
Answer: To begin with and just after the Public IDO Round to be announced in the coming weeks, $SPOT token will give users access to the limited KEY NFTs which in turn serves as the Platform’s Governance Token and represents the core of the community which would be involved in decision making and vetting on the platform. The $SPOT token raised during the process of the KET NFT sales will be burnt. $SPOT token would also serve the purpose of utility on the platform by giving users access to participate in the Public Sale Round of an NFT Drop on our platform.
SPOT is also a reflection token with a 3% fee (1% to be redistributed to SPOT holders and 2% automatically supplied to PancakeSwap Liquidity).
The input reflection mechanisms encourage SPOT token holders to hold on to their SPOT tokens in order to earn SPOT fees from the transactions on the market and a higher percentage of the fees is used to feed pancakeswap liquidity.
Additionally — and this is where it gets very interesting, $SPOT token would serve as the utility token for the platform’s marketplace. The utilities mentioned are just the early use cases for the $SPOT token which would further be built on.
Q4. What are KEY NFTs
Answers: Prior to the launch of the dNFTspot platform, there will be a dashboard where interested participants can BUY KEY NFTs with SPOT tokens. KEY NFTs is the governance token for the platform and every holder is allowed access to the platform’s private governance chatroom where decisions are made as regards the direction of the platform.
max. supply => 21.000 KEYS
hardcap => 630.000 SPOT
✓ max. supply => 10500 (50%)
✓ price => 10 SPOT
✓ hardcap => 105.000 SPOT
✓ max. supply => 8400 (40%)
✓ price => 15 SPOT
✓ hardcap => 126.000 SPOT
✓ max. supply => 1890 (09%)
✓ price => 100 SPOT
✓ hardcap => 189.000 SPOT
✓ max. supply => 210 (01%)
✓ price => 1000 SPOT
✓ hardcap => 210.000 SPO
Read More on KEY NFTs: https://bit.ly/dNFTspotLitepaperUpdated
Q5. What is the dNFTspot team doing currently to make the platform a success?
Answers: Listed below are what we are currently up to:
We have created the token and have done an audit (although it is yet to be deployed on BSC as the audit requested that we shouldn’t deploy yet in case there’s a bug that needs to be fixed). This is verifiable on our GitHub page:
2. We have concluded talks with CryptEx Locker to vest all token distribution that isn’t up for the IDO according to the vesting schedule as can be seen on our Litepaper.
3. We are currently negotiating with top NFT Artists most of which were scouted from a top NFT platform on BSC in preparation for our debut launchpad program. We are specifically after those that have a social NFT-based community around them.
4. We are in contact with several cryptocurrency and blockchain influencers including one of the biggest on Twitter whose team is currently carrying out their research on the project.
5. Beginning from the first week of this month, we have several AMAs scheduled in multiple NFT-based communities and we are convinced it will be a successful primary coz of our community centric structure.
6. As a result of our relationship with the moderators for the said AMAs and their interest in our Tokenomics, they are currently negotiating a possible partnership with us which would see them promote the project further and serve as a bridge to potential investors in their portfolio.
7. We are also studying the possibility of listing an Airdrop program and our IDO (when we have secured our IDO listing) on CMC with the aim of attaining broader visibility for the project.
8. On projects, we are scouting and have relationships with a few but yet to land any. We Kyced to bsc.news. We have a lot of activities coming up so we expect to land something in time. Eg, announcements, social activities, lock up of tokens and transparent verifiable hash from Cryptex.locker, investment from venture capitals (to be disclosed and listing on DEFI Launchpads).
9. NFTSwaps.io is the first partner project for dNFTspot.io . NFTSwaps.io — A non-fungible to fungible token AMM on BSC. dNFTspot.io is built on top of the NFTSwaps.io NFT AMM Subtoken system.
Q6. Aside from being a launchpad for NFT artists, why should artists come to dNFTspot for the launch of their NFTs? Do you support these artists in promoting their works in any way?
Answer: In regards to this, yes we support NFT Artists through the dNFTspot Spotlight event. dNFTspot Spotlight 1.0 is a monthly event on the dNFTspot platform that aims to discover NFT talents, amateur or professional, regardless of age and nationality across the world. dNFTspot Spotlight aims to launch or boost the careers of NFT artists at the international level by giving them a sound reference to add to their NFT collections. Spotlight 1.0 which spans 12 months consists of 12 events with each event spanning 4 weeks.
Read More on dNFTspot Spotlight: https://bit.ly/dNFTspotLitepaperUpdated
dNFTspot Social Media Links.
✓ dNFTspot Official Chat
✓ dNFTspot Announcement
Can you According to your whitepaper, you have a governance token for your platform named KEY which has 4 differen explain about the use cases and the roles this token play in your ecosytem? And what benefit from the KEY tokens for users?
Answer: KEY NFTs serve as the Platform’s Governance Token and represent the core of the community which would be involved in decision making and vetting on the platform.This chatroom is an exclusive token permissioned chat room for users who hold a minimum of 1 KEY NFT in their Binance Smart Chain Wallet.
Read More on dNFTspot KEYS: https://bit.ly/dNFTspotLitepaperUpdated
I read in the roadmap of dNFTspot that you will hold a spotlight 1.0 event in December. Can you briefly share the current activity plan? What is the regulation to enter this event? What preparations have you made for it?
Answer: In regards to dNFTspot Spotlight on the dNFTspot platform, there is an artists NFTs leaderboard, which ranks 10 artist NFTs based on points accumulated from votes from KEY NFTs holders in the Governance Chatroom.
dNFTspot Spotlight 1.0 is a monthly event on the dNFTspot platform that aims to discover NFT talents, amateur or professional, regardless of age and nationality across the world. dNFTspot Spotlight aims to launch or boost the careers of NFT artists at the international level by giving them a sound reference to add to their NFT collections. Spotlight 1.0 which spans 12 months consists of 12 events with each event spanning 4 weeks.
Read More on dNFTspot Spotlight: https://bit.ly/dNFTspotLitepaperUpdated
Estimating the value of an NFT is very complicated and sometimes depends on the perspective of the creator or the story behind it. What method do you use to estimate the NFT value that will be launched on your platform? What technology do you have to ensure the true value of NFT?
Answer: dNFTspot designed such that some % of fund raised in BNB on dNFTspot platform is locked as liquidity for the NFTs (that is being sold in an NFT Drop) automatically and forever on NFTSwaps.io NFT AMM subtoken system. Complex right? No, this has a very simple UI across both platforms. Both platforms interoperate on the UI and contracts are built on top of each other. With this design, there is definitely an underlying value for the NFTs if they sell out through an NFT Drop on the dNFTspot platform.
Financial inclusion, lower interest rates & lower swap costs are all promises made by Defi projects. However, many still have security flaws, exposing investors’ assets to serious risk. Is #dNFTspot Launcher and its ecosystem’s security a top priority for #dNFTspot Launcher?
Answer: Yes, a dNFTspot, the team takes audits very seriously and we have done our first token audit with Solidproof.io
More audits will be done by prominent audit firms like Hacken and Certik in the coming future.