Dear PolkaFoundry Community,
On October 22, 2021, our team conducted an AMA with The World of PolkaPets - an Exclusive NFT Concept within Polkadot Ecosystem Will Hold Its IDO for $PETS on Red Kite. On October 26, PolkaPets will collaborate with Red Kite to conduct its $PETS IDO.
PolkaPets is an NFT collectible card where each PolkaPet represents a project on the PolkaPet ecosystem and owns special utilities corresponding to the projects’ features.
The AMA session was held in PolkaFoundry’s Telegram channel, with the participation of Mr Chas Stanton - CMO of PolkaPets. PolkaPets’s guest answered intriguing questions about the project’s features, their working process, upcoming plans etc.
The AMA format:
- Segment 1: Guest and Project Intro
- Segment 2: Twitter Questions
- Segment 3: Live Community Questions
WINNERS WILL SHARE A PRIZE POOL OF $500 WORTH OF $PETS
Below is the recap of the AMA session
Host: Welcome to RedKite and PolkaFoundry Community, Mr. Chas Stanton
Mr. Chas: Hi everyone! Glad to be here today, can’t wait to share more about PolkaPet World!
Host: Alright, without further ado, let’s start off the AMA with the Guest and Project Intro
THE FIRST QUESTION : Can you give us a brief introduction what is PolkaPet ? And a little sneak peek on its upcoming IDO ?
Mr. Chas: PolkaPets was created as a vehicle to introduce audiences to the Polkadot network through colourful characters, each connected to a specific project in the Polkadot ecosystem. Each pet is a partnership with that project, and has unique utilities attributed to it.
Each PolkaPet holds unique project-specific utility that rewards community members for holding that specific PolkaPet NFT in their wallets. This could be a discount on fees, an airdrop of tokens to PolkaPet cardholders, or much more.
Our mission is to bring users closer to the Polkadot ecosystem through an engaged network of partners and games, all involving our popular PolkaPet characters and the $PETS token is a huge evolution for us in achieving that vision!
Our IDO with Polkafoundry/RedKite is on Tuesday, 26th October and we’re super excited to launch with you guys! Our TGE is a couple days later on the 28th and if our community activity is anything to go by we’re expecting this to be big…
Host: Wowww PolkaPet sounds fascinating and attractive.
I’m pretty sure Polkadot is not foreign to crypto investors so the partnership can prove the incredibility of PolkaPets
SECOND QUESTION: We’re so excited to hear about the background of the Guest and the team behind project. Can you share about them ?
Yes of course! I’m Chas, CMO of PolkaPet World and i’ve got a strong background in digital marketing for big brands including KPMG, BUPA and The National Lottery in the UK. I got into crypto a couple years ago and was fortunate to have been brought into the project by the founder - Harry. Along with our other exec team members we have combined 30 years of experience in blockchain, SaaS, AI, and eCommerce sectors.
Our most famous face is Doug Ferguson who was a prominent figure within Pokemon for nearly 20 years, ending as Sr VP of Product Development. Doug is our Head of Gaming & Creative. He even has his own Pokemon card! The rarest one…
Host: The background of team is so impressive and fantastic. I feel so excited for the AMA today
One more question: Can you tell us about PolkaPets partnership with RedKite? Can you showcase about your roadmap ?
Mr. Chas: Of course, RedKite are a strategic investor and huge supporter of the project - we hope to have a number of exclusive opportunities for the RedKite community in future for the project!
Our roadmap is really exciting, we have so many great partnerships to be announced - and of course being backed by investors like Animoca Brands we have some really interesting cross-project opportunities too
Here’s our roadmap, available on polkapet.world! One of the things we’re most excited about is launching our token natively on Moonriver, and becoming a truly Polkadot-first project. The defi products available soon on our app (via polkapet.world) will be huge and holders of our token will get access to some amazing exclusive NFTs as well as token rewards.
Host: Thank you for sharing us many valuable information about the project. Now let’s jump in our next segment - Twitter Questions
In the 2nd segment, we picked FIVE questions from our official tweet announcement:
Host: The team have picked top 5 questions from twitter.
Announcement Tweet Here
Tokenomics is a pillar factor of a project when an investor considers to invest in. Can you elaborate about this and have you had any initiative for token burning to avoid from inflation and maintain the token value?
Mr. Chas: Of course, we have all of our tokenomics information on polkapet.world, but in a nutshell we have 100m total supply of $PETS tokens - with no immediate plans to burn the token owing to the relatively limited supply compared to many other projects. We want the token to become a cross-project, immersive utility token that allows holders to experience the wonders of Polkadot in just one currency via our partners
QUESTION 2 @FuhoCompany
The only way the blockchain industry will expand and grow is if we have users that will be able to use products with ease. What are some of the unique features of "PolkaPets’ that would help attract more users ?
Mr. Chas: Great question! We’re unique through the value of our partners. With huge projects like MANTRA DAO, Bridge Mutual, Moonbeam, Astar, Phala, and many more, we can offer some really incredible utility for our Polkapet holders and token holders alike.
Also by being on the Kusama network, via Moonriver, we can offer a unique DeFi experience far cheaper and faster than Ethereum - we’ve got big plans around our products on the Polkadot network so stay tuned!
Our $PETS token also has a load of great utilities, see cool our promo video for details!
Host: Guys please check it outttt HERE
Question 3 @feby1105
There are so many traditional gamers who want to try blockchain gaming but they have no knowledge about blockchain technology. So, how will you bridge this issues? Do you have a testnet or Beta Version of PolkaPets Game that can be used as a practice tools for new users?
Mr. Chas: Our game products aren’t live just yet but when they’re ready i like this idea. The reality is that blockchain gaming shouldn’t feel any different to traditional gaming, or at least not in a negative way, and we’ll be doing our best to make sure our games are user-friendly and universally-simple. PolkaPets is a project dedicated to bringing new audiences into NFTs and of course Polkadot, so knowledge of blockchain shouldn’t need to be a prerequisite to playing our games or holding a PolkaPet!
Question 4 from @Margaret9732
The NFTs market is filled with counterfeits/fake products which has posed a major threat to the development of NFTs, how is @PolkaPets NFTs addressing this issue? Is there a way to validate the authenticity of assets I want to purchase?
Absolutely! We’re verified on Opensea (opensea.io/collection/polkapets) and we have a very close relationship with the team there so we very quickly remove any fake accounts should they emerge.
We also ensure that the links to our pets are prominent on our website and community channels so if you go via those you’ll never be scammed
The last question @Puja0211
For a project, community factors contribute significantly to the success of the project, so does your project have any plans for long-term community development?
The beauty of our community is that it spans 21+ Polkadot projects! We have fans of the project of course, but equally we have fans of these other incredible Polkadot projects all eager to use and own their respective project pet. For example MANTRA DAO’s pet allows access to the ZENDIT launchpad, which is an incredible utility. Their community and ours overlap greatly.
In future we hope to run dedicated events specific to each project (we have enough to do one event every 2 weeks for a year!) to engage those communities and ors and keep the channels active. Not to mention exclusive art (we dropped a surprise to all members on International talk Like a Pirate Day!). Look out for our Halloween promo…
Host: Alright! Thank you for answering the Twitter Questions . That ends our Segment 2
In the live questions sections, Mr. Chas did answer several short questions from the PolkaFoundry community.
Host: Alright! Thank you everyone. It is about 1 minute unmuting the group
The stage is now yours Chas. Please answer 5 questions
1/ What did you learn from the early versions of PolkaPets product or service? What are some of the major roadblocks on PolkaPets?
Love this question! We learnt that our community really value the ability to explore project partners through PolkaPets, and we realised we should work harder with those partners to give even more utility and opportunity to their NFT holders. Don’t forget many of these partners had never used NFTs before, so they had a steep learning curve
2/ Animoca brands is Top backers of Polkapets, with this Collaboration, What will be done in NFT world?
Yes we’re so proud to be backed by Animoca Brands, a really fantastic partner and hugely influencial. We hope to be able to utilise the brands that Animoca are involved with to expand the reach of our PolkaPets, and this may include PolkaPets appearing in popular metaverse projects in future…
3/ For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how your project generate the profit?
Yes we’re fortunate to have raised $3.1m from investment partners for the launch of the $PETS token, which will be announced today actually! Profit will be generated through DeFi on our site and of course future sales of NFTs - not all of them PolkaPets as we have many other great concepts we’re exploring
4/ What are the plans to educate and raise awareness and adoption among the community to make more people understand about your project easily (even for beginners)?
Love this question! The very idea of PolkaPets is to encourage pet holders to explore other projects by owning their respective pet, for example owning a SpiderDAO pet gave you a hardware VPN product FOR FREE, worth over $50. That pulls you in as a new user to that project and it’s a valuable way to reach ‘beginners’ in a fun, friendly way through the power of cute (but powerful!) animals
5/ Polkapets is a Integrated project to Polkadot, What benefits does polkadot provide to the ecosystem?
We’ve just announced that we will be launching our $PETS token natively on Moonriver, making us a truly Polkadot-centred project. The benefits are first-mover advantage, cheaper/faster network, and interoperability between chains which is what Polkadot are most famous for providing. The future on Polkadot is very bright indeed!
Host: Bros, please check the link to read more about $PET Token Launch
Thank you for picking and answering questions from the Community Mr Chas
Mr. Chas: Any time, it was an absolute pleasure!
Host: That is the end of today AMA Session with POLKAPETS TEAM guys:smiling_face_with_three_hearts:
Appreciate the time and effort you have shared to us for today’s AMA Session
And if possible, please share some parting words before we conclude this AMA
Mr. Chas: We can’t wait to launch in just a matter of days and we hope we can see you all for the RedKite IDO on the 26th October and of course the TGE on the 28th. Get your PolkaPets now if you want in on the airdrops too! HERE
POLKAPETS’s Official Channels:
PolkaFoundry’s Official Channels: