PolkaFoundry AMA with PolkaPlay on 23rd July, 2021

Guests’ background

Hello and Welcome to our Community Mr. Sugnesh Patel ! :raised_hands:t2:!

Hey all :wave: excited to be here. Hope you all are doing great…

We’re all thrilled to have you here! Before we start, I would like to share again our AMA format for today. We will have 3 segments :point_down:

- Segment 1: Guest and Project Intro

- Segment 2: Twitter Questions

- Segment 3: Live Questions

Are you ready?

Awesome let do it.

So, let’s begin with some warm-up! Please tell us about your background and your position in PolkaPlay!

I’m the CEO at Polkaplay and I have extensive experience in IT & software development with a strong knowledge of Business Architecture. I have helped multiple fortune 500 companies in building high-performing software development teams that deliver quality software applications in an iterative manner following scrum & agile methodologies.

My crypto journey started in 2017 while working in NYC and attending different crypto meet-ups while networking with some very knowledgeable people within the space.

Thank you for sharing! Let’s go straight to our first segment!

Could you briefly tell us about PolkaPlay; and 3 words to quickly describe your project?

From content to NFTs, PolkaPlay is the easiest way to create, sell, and collect NFTs. PolkaPlay provides a social NFT platform for users to create images, short videos, and NFTs seamlessly while earning rewards through positive engagement.

3 words is too short if you let me add 4 words, our mission statement is “From content to NFTs” which describes the project pretty well.

Nice and clear! This leads me to the 2nd question :v:t2: What are PolkaPlay’s advantages over its competitors?

Other NFT focused projects or marketplaces mainly focus on artist collabs and collection drops. On the flip side, Polkaplay adds another social media aspect to the process allowing users to share content or explore the platform or use the platform to mint their content as NFTs.

Other platforms offer no benefits to fans but only to the content creators, while at PolkaPlay, both the content creator and fans earn rewards. Users have to pay a gas fees for minting NFTs on other platforms. In contrast, PolkaPlay offers a gasless NFT minting solution.

We can now understand that you are building a unique project here. Last question for the 1st segment:

Are there any big marketing/community building activities that will come after IDO? If so, please share more details with us

Absolutely, Part of our marketing campaigns involves reaching out to reputable influencers who have built a dedicated social following base and are viewed as experts to spread awareness. Additionally through partnerships and co-marketing we believe we can bring great visibility to our platform and incentivize our early adopters to propel continuous growth.

We also have an active creators program that has received more than 10k applications from diff creators and influencers to participate in using our beta platform

Wonderful! I can see you guys are surely making progress in this

And that’s the end of segment 1. Let’s get ahead to the second segment :raised_hands:t2:

Yesterday, we announced on PolkaFoundry’s Twitter about the AMA with PolkaPlay today. This was the link: https://twitter.com/PolkaFoundry/status/1418073424094580738

It looks like users have tons of questions for you guys. We have picked FOUR questions

Here is the first one:

Author or creator still owns the right to make copies of works that are already NFT? And how can purchasers or collectors can identify if this NFT work is original & only one? Do artists have any sort of copyright over stolen art that has been converted to NFT??

Only verified users will be able to mint and create active sells or auctions. They will have to consent and provide a sig to accept that they understand their content is authentic. Anyone can copy any image and mint it as thier owns but its up to the users to make sure they are only bidding and buying from verified sellers who have good reputation of creating authentic content.

Second question:

We are currently in the boom of the NFT market, which revolutionizes all DeFi with its authentication features and indefinite value. Do you think that the NFTs provided in PolkaPlay will be able to compete and keep up with a market that is in full development?

We focus more on complementing instead of competing. Bringing and retaining content creators will be the crucial aspect as that will dictate the popularity of the platform amongst day to day users. Our priority is making PolkaPlay easy to use and have low barriers to entry such as: gasless minting on our platform.

Creating a seamless and easy to use solution like this will help us ensure the success.

Nice strategy! Let’s get to the 3rd question

Any blockchain startup needs a strong sense of community. How do you intend to involve the community in your project? Do you have any plans to start an ambassador programme or create dapps on your platform? What will these ambassadors’ responsibilities be?

As i mentioned above we have an amazing creator/ambassador program that is live and we have received a lot of interest. Please check this out and make sure to fill out the form if you’d like to participate.

Here is the FORM.

Before we go to the last question from Twitter, I just want to remind the community that next will be the last segment which is the LIVE questions from the Telegram community, so please prepare your questions!

What are your plans to increase the massive adoption of your platform? Could you tell us more details about your marketing plan? Do you have an experienced and qualified team to reach all your goals in your roadmap?

Yes we have great CMO in Dzianis leading our marketing efforts and amazing Dev lead with team of 5 devs leading the product development side of things, there details are in our group. We also have amazing partners and backers in different geographic locations who help us with marketing a lot. With Partnerships and co-marketing we believe we can bring great visibility to our platform overtime.

It’s amazing to have a great team with you!

And now, here comes the last segment of our AMA! A lot of questions are coming! Are you ready? Please pick the best 5 questions! :raised_hand_with_fingers_splayed:t2:

GET READY COMMUNITY!!

How far has the roadmap been carried out until the end of this year and what is the positive results have been achieved?

We have delivered the most important this on our roadmap with our MVP app. Users can already sign in using google. We have wallet conntect sign on coming up and also lot more exciting stuff on the roadmap is on track.

What are the utility and token metrics of $POLO tokens, and how are they used in your network?

POLO has multiple utilities in our ecosystem Medium of Exchange, NFT Drops, Staking, Rewards, Governance. Staking $POLO will allow users to participate in exclusive NFT drops from our collection & creators. Users can also participate in platform governance and earn returns from entry/exit fees.

Please let us know where we can buy your tokens? Is it available on any exchange? Binance, Houbi, Bitmart or somewhere?

Our token has not launched yet. We have IDOs coming up starting July 27th and token will most likely go live around Aug 3rd. We will share more details regarding this on our official channels soon.

What are the ways that POLKAPLAY generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project?

PolkaPlay charges a small fee for successful transactions and offer paid ad campaign slots as well for initial platform revenue. We also offer staking pools which will have entry/exit fees and they will be redistributed to the platform users and also be used to reward users who are active on the platform.

Has your project been audited? how about the system, is Polkaplay safe from hacker and cheater?

Not yet but we are actively working with a reputed auditor to audit our smart contract once they are finalized we will publish all the details. We understand how important it is to have safe and audited smart contracts :+1:

And that is the end of our AMA with PolkaPlay today :raised_hands:t2:

Thank you so much to everyone who participated!

Thank you for your time and participation for today’s AMA Mr.Sugnesh Patel :pray:t2:

Thanks for having us hope you guys have a great weekend. Happy Friday :raised_hands:

Would love if you can share as well PolkaPlay’s social links where can community get latest updates from the team :pray:

Follow PolkaPlay by these social links :point_down:t2:

MVp App - https://app.polkaplay.io/
Twitter: https://twitter.com/polkaplay
Telegram Announcements: Telegram: Contact @Polkaplayio
Community Group: Telegram: Contact @Polkaplay
Medium: https://polkaplay.medium.com/
Instagram: https://www.instagram.com/polkaplayio