AMA Recap with Crypto Nation Community
On August 5, Tokenplay conducted a Crypto Nation Launch AMA for users. Mr. Richard Tran — CEO, Founder of Tokenplay is the guest. He participated in a very interesting AMA that included introductions, questions from the Crypto Nation team and the community. If you missed the AMA directly, read this recap for a more in-depth look at Tokenplay.
Let’s take a look at the most interesting points of the conversation.
QUESTION 1
Host: Can you briefly describe what TokenPlay is? We would like to know more about it and how it works?
Richard | TokenPlay:
Tokenplay is the 1st multi-chain NFT Gaming platform, developed on Binance Smart Chain and Polygon. Our vision is to become the biggest NFT Gaming platform in the blockchain industry.
With TokenPlay, users can play to earn from various games; also trade in-game assets. TokenPlay is not just any other one-game blockchain platform, we provide a game store like Appstore or CHplay, but on blockchain. Over 15 games are already released: casual games, video games and RPG games.
QUESTION 2
Host: Can you introduce TokenPlay, what critical problems does it solve that existing solutions are not solving and what’s the competitive advantage?
Richard | TokenPlay:
Traditional games have so many problems, server malfunction due to technical issues, system infiltration by hackers, game shutting down, undeserved ban of accounts, lack of transparency regarding game mechanics and rates, manipulation of the game economy by developers and administrators. In other words, the power is centralized within the game companies.
But fortunately, blockchain technology is able to eliminate or mitigate most of these problems. Our main idea is to take away the power from the gaming companies and give it back to the players. This way, each player can have full control over their accounts and digital assets, and they are free to trade these assets anytime. There are many different methods of developing and maintaining a blockchain game.
Our features:
Security: Digital game items can be easily tokenized and traded in primary and secondary markets that are managed and facilitated by blockchain technology.
Payment: TokenPlay is the game currency that players use for in-game transactions.
Play to earn: There are proportions of the tokens reserved for users as incentives. By completing quests in the game, players could earn TOP Tokens.
Staking: Token holders could participate in Staking and earn reward; a certain percentage of platform revenues will be given out as staking rewards.
QUESTION 3
Host: Could you please elaborate more about your tokenomics?What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?
Richard | TokenPlay:
Total supply is 1bil TOP. We will release 13% first (130 mil token TOP) during IDO and team/advisor. Tokens at IDO will be released immediately, and tokens owned by team/advisor will be vested for 12 months. 5% of supply offered during private sale will be vested in 12 months too and the rest will be vested for 104 weeks (nearly 2 years). This distribution algorithm will help TOP tokens maintain price growth in the long-term, besides that, after IDO we will release the farming feature with high APR for investors. We also plan to release more games and collectibles as NFT, you will need TOP to buy these rare NFTs.
QUESTION 4
Host: Can you share the achievements the team has made so far? What are the major milestones TokenPlay is yet to achieve? If possible, also share your roadmap.
Richard | TokenPlay:
This year, we got into top 15 of Binance Hackathon with Faraland & Mydefipet. My team is ambitious, so we are confident that in a fair competition with other NFT gaming platforms we have got our edges. About purpose, we have only one sole purpose, having TokenPlay become the unicorn in the industry (reaching 1bil in market capitalization) in next 2 years.
QUESTION 5
Host: Can you briefly describe your PARTNERSHIPS so far?
Richard | TokenPlay:
Currently, we have a lot of partnerships worldwide: Dapp.com, Dappradar, Polydex, Startupworld, Binance Vietnam, RMIT, …; besides that, we have great connections with a lot of gaming studios in Singapore and Vietnam, that the base for releasing a lot of new games in the near future. We are trying to become the biggest NFT Gaming platform in the world. Let’s follow us.
Twitter question
QUESTION 1
Host: I understand TokenPlay is based on BSC and Polygon, why would you choose to build on these two networks over others with more flexibility? What are the positive features that BSC and Polygon offer to TokenPlay?
Richard | TokenPlay:
BSC is very popular with a crowded community, and so is Polygon. About technology, both of them use hard forks from Ethereum, so basically, the technology is the same, that’s why we want to build on both chains to attract more users.
QUESTION 2
Host: 2. You mention on your twitter that you are holding an IDO event? So, could you explain to us in details how can we participate in this IDO? What is the requirement and What is the minimum buy? Do we need KYC for participate in this IDO?
Richard | TokenPlay:
You just need access to https://www.polydex.fi/ido at 7 August 5:00 UTC then connect Metamask wallet to buy TOP token. IDO price is $0.0075. You can buy by USDC or BNB (we support both), total token released for the IDO is 55mil. Min purchase is 0.1 BNB, and there is not limit on the maximum numbers of token purchased. First come first serve.
QUESTION 3
Host: Does your project support staking program? If yes, how does your stake system work, what are the requirements for users if they want to stake on your platform?
Of course. We do have plan for farming and staking. Farming program will be put in process after the IDO on PolyDex, with high APR, you’ve just need to deposit TOP to farm and receive yield. About staking, we are going to release staking with NFTs after NFT marketplace is launched. Staking process is simple, you buy NFT, you stake your NFT to earn TOP tokens. The rate we will public later.
QUESTION 4
Host: How do you plan to spread awareness about your project in different countries where English is not common? Do you plan to develop in many different communities such as Vietnam, Indonesia, Korea?
Richard | TokenPlay:
I think Asia is very potential for crypto and gaming during this time. We will discuss with our marketing team to expand the community there. Cryptocurrency doesn’t have limit.
QUESTION 5
Host: Do you have an active referral or ambassador program for users that attract a new community? What are the ways that generate income/revenue to maintain your project and what is your “Revenue Model”? How can you benefit both investors and your project?
Richard | TokenPlay:
Sure, we will build a referral program soon, everyone can get profit for introducing to your friend playing on Tokenplay.app. The more players, the more rewards you get. We will announce a referral program when we are ready. Thank you for the nice question.
*Live sessions:
QUESTION 1
Host: What is the biggest challenge you face currently in terms of becoming a successful project or company?
Richard | TokenPlay:
A lot of challenges on the way to succeed: what will you lose, your effort, human resources, finance, technology, timing, world economy, everything has an impact and decides your success. If you want to succeed, you must get the most out of your strength.
QUESTION 2
Host: Nowadays, NFT is becoming more popular, many projects come out related to NFT. So how do you rate the potential that TokenPlay NFT can bring? Do you have any plans to make NFT become a new market trend?
Richard | TokenPlay:
NFT is the son of blockchain technology, it’s a long trend and will change a lot of traditional technology in the world. Music, video, copyright, image, art, game items will be redefined by blockchain. So if you want to rate NFT project you need to see the team, the vision. Don’t pay too much attention to the price (because price is always up and down). If the project is the real deal and offers a good product, it will live and grow for a long duration.
QUESTION 2
Host: Southeast Asia is a very vibrant market and there are many new platforms under development. So, what do you think about Southeast Asia and do you have plans to grow there?
Richard | TokenPlay: Yes, we have plans to expand more areas after the IDO.
QUESTION 3
Host: New projects are joining the crypto world every day, and many are disappearing. How is your project different? How should we feel the difference of your project?
Richard | TokenPlay:This is a difficult question. You can take a look at our team, see the product for yourself and see how we value our community. We commit with trust and belief in innovation.
QUESTION 4
Host:. Most of the games offered by TokenPlay are old games that used to be played outside the blockchain ecosystem (traditional games). Does TokenPlay have a flagship or special game? In the near future, do you have any plans to provide more special games?
Richard | TokenPlay: Old games are our target, you played a lot of old games before, right? These games you can play very well, so why not play and earn money from old games. That’s our vision, we want to make everyone play simple games and earn money. Of course, we will release many new games in the near future. Let’s follow and support us.
Thank so much everyone!
