1 MILLION NFTS x Satoshi Club AMA Recap from 21st of April

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from 1 MILLION NFTS and our guest was founder of 1 MILLION NFTs . The AMA took place on 21 April.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

1MNFT: Thanks, guys! Nice to meet you all crypto people!

D. | Satoshi Club: @OneMillionSir hello! good to have you here😇

1MNFT: Didn’t sleep for about 2 weeks, but it’s ok, it’s crypto 😉

You’re welcome to ask questions, hope to answer as much as I can

ahaha can’t send links))

I’m Alex – founder of 1MillionNFTs and we build a smart-contract based web3 platform on Ethereum blockchain with 1000×1000 pixels grid. Each pixel is an ERC-721 NFT token with its location. Users will have an opportunity to buy, sell, rent and paint them to create any picture with any link inside. But to paint pixels you need another ERC-20 tokens.

But it’s only the beginning, we want to show all the opportunities of NFT

Our DECK gives a bit of understanding https://1mlnnfts.com/deck

there 2 sources of inspiration: OneMillionDollarHomePage.com and Reddit’s «place»

a student from England, decided to earn money for his University education and created a 1000×1000 grid. One million pixels for sale: $1 per each pixel. He raised $999k and the last 1000 pixels were sold on eBay for $38’100, as the hype goes on, so did the price. F*cking genius.. But it was 2005

D. | Satoshi Club: why you decided to use ERC – 721 standard? as i know there is some other NFTs standards on Ethereum

1MNFT: wait, inspiration background is my favourite topic))

In 2017 on April Fool’s Day Reddit launched a social experiment called “Place”. It featured a collaborative pixel art canvas, where a registered user could place a colored pixel every five minutes. It was an epic battle that unfolded across a 1000×1000 grid with 1 million pixels.

Over 1 million users edited the canvas, placing a total of approximately 16 million tiles, and, at the time the experiment was ended, over 90,000 users were actively viewing or editing. The experiment was commended for its representation of the culture of Reddit’s online communities, and of Internet culture as a whole.

– 2005 (1milliondollarhomepage) — a website that was down for at least a week due to DDoS attacks was just a big advertising block in 99% of cases. The pixels were sold just once, so the only person who earned with 1milliondollarhomepage was the creator of 1milliondollarhomepage. Just raising money… Boring!

– 2017 (Reddit’s “Place”) — No money at all, just fun, social experiments.. and new users for Reddit! “Just fun” isn’t a long-term strategy, which is why it was finished in 72 hours. People need better motivation to continue the game.

In 2005 the creators got all the money and gave us old-fashioned banner ads. In 2017 the creators got hype and new users, but users in both cases got far less. Looks like an unfair deal in both cases, right? But we’re looking at these failed experiments from our vantage point in 2021. We live in the world of DeFi and DEXes, IDO sales and 100x profits, maybe the deals seem outdated and just need to be upgraded?

So that’s why we decided to combine pixel grids, money, community, defi, nfts and hype a bit.

D. | Satoshi Club: i see lots of national flags here, looks like it was a the most popular theme 😄

1MNFT: people unite in face of a outside enemy))

D. | Satoshi Club: i like your approach, this idea could work at current market, seems like you have all ingredients you need for success😄👍

1MNFT: Hope that it was not very boring, I just love this stories about pixel grids and community xosial experiments..

Soon it can be very expensive to paint something 😉 haha so you need to hurry

D. | Satoshi Club: it was cool to know about it. i didn’t know about this experiment

thank you for the intro! if you are ready we are open the first part of AMA? @OneMillionSir 😊

Q1 from Telegram user @Highpee

Your IDO is somewhat unique as you have planned a triple IDO on Poolz, YellowRoad and A2DAO which will run simultaneously on April 24. What are the requirements to join the IDOs and why do you choose YellowRoad (a BSC platform) when $1MLN is a ERC20 token? What is the minimum amount of $POOLZ needed to get whitelisted because most POOLZ sale need a minimum amount of POOLZ to be staked? And lastly, since you plan to raise $100k from Poolz, $75k YellowRoad and $75 from A2DAO, how is the presale amount for $1MLN distributed to these platforms and at what price will each of them sell $1MLN?

1MNFT: «What are the requirements to join the IDOs» – it’s NDA guys cmon 😉 it’s like everything in crypto – networking, connections, etc. And a good project for sure

D. | Satoshi Club: we used to IDO 🤣

1MNFT: We choose YR cause it’s a new platform and they have a very cool and motivated team, they working 24/7.. and it doesn’t mattter that they are BSC for us. Part of the tokens will be distributed in BSC

the price for all three platforms is 5$

so 20k tokens for Poolz, 15k for YR and 15k for A2

I’d rather use all of them..haha

By the way, soon we will start community contetnt contests, so it’s another way to get allocations

That’s it. We want defi degens who want to paint, sure we can’t go without flippers, but our aim to make the feel siorry for flipping before Elon Musk will buy some pixels..

thinking about that at the moment, like 8-10k of allocations

can’t talk about that by now 😉

Yep, you’re welcome!

Q2 from Telegram user @meml97

While looking at your website I read that Users will have an opportunity to buy, sell, rent and paint NFTs. What intrigued me was the renting part, because I looked for more information about it but I couldn’t find anything and it is also the first time I see the possibility of renting NFTs, so can you give us more details? How are users able to rent their pixels without any risk of losing their belonging? Is there a price set for this or each user set the price they want? What can other people do with those rent pixels and under what conditions? Also, what are the benefits of renting pixels?

1MNFT: I’m not a tech guys, so I will not explain you how smart contracts will work, but we are talking about the rent of NFT-pixels, so if some big guy like Elon Musk for example bought some big area for placing DOGE coin logo and then discovered that there is a small area in the middle that belongs to Satoshi Club memebers..

he asks to sell it to him, you say NO ELon, sorry

He begs you

You say may be… I can rent it..

and here you can place any price you want it’s like P2P market

So our task is to be like an escrow. It’s like Opensea but a bit modified 😉

I think one his tweet will be enough for all of us to go to the moon 😉

A project with $1mln initial cap + elon.. oh my god

Right, 1millionNFTs will be like an escrow, it will not be transfered to another user

Q3 from Telegram user @cryptofollower

The idea of Reddit’s Place was all the pixels are open to everyone and people was fighting each other to create figures. But the idea of milliondollarhomepage was buy and allocate pixels for all yourself. Which idea do you think was better? And almost all the links from the milliondollarhomepage is dead and it is useless now. Will you allow people to change the links of their website if it is gone? Because that would allow for 1MlnNFTs.com to stay up to date?

1MNFT: Cool question! Thanks

The idea of milliondollarhomepage was to raise money for his eduction

he did it and that’s all, he was the only receiver of the funds, no secondary market there.place was not about money att all just fun – and it’s also can’t get peoples attention for a long time, it was only 72 hours

thein differences – secondary market where people can cooperate sell, buy, rent.. continue to make money or fun

right both ideas were super cool for their goals

The grid is just the front end, the face, the start of a HUGE project with NFT marketplace, NFT wallet, etc..

The Grid can become like a Board of Directors of 1MillionNFTs DAO where NFT pixels would be like your voting power and they are only 1 million.. but my team will kill me for telling that now 🙂

D. | Satoshi Club: 🤫

1MNFT: Not now, it’s a part of a marketing, so we decided it’s better for us by now to stay under the hood. And the second factor is security, We are raising like 2.2 million cmon

But it’s not a big team, like 5 guys: 3 developers and 2 marketing business development people.

The key point of our team, that we have a huge background of suppoerting numerous projects, we are in crypto since 2014, so it’s not a big problem for us to get Triple IDO, get listed on a few exchanges and get cool funds and VC, together with Liquidity providers and Market makers..

Sure we will do that, you saw partnership with Hacken, Hapi.. those guys know more about crypto security..

D. | Satoshi Club: yeah, we know that Hapi and Hacken working together

1MNFT: Yep, I prefer to trust professinal guys, then doing myself the things I can’t do good

Oh, yes, You are able to change the «content» of the pixel for 1MLN token – it’s color and the link

after the change is confirmed 1 token 1MLN is burned and we are going further

Yep

Q4 from Telegram user @Pratze

I read from your medium that 1MillionNFTs have farming feature, also you mention on your tokenomics “Farming 6 years” for 60% of token supply, is that mean after 6 years the token supply will depleted and no more token to farm? How does your farming system work and what is the minimal requirement to do farming in your platform?

1MNFT: farming system is very simple. Every NFT token farms one 1MLN per year. That’s all folks) So you can repaint your logo FOR FREE once a year, or sell your yield)

Just like that

D. | Satoshi Club: except farming, any other options will be available in the future, like traditional token staking for example?

1MNFT: Wait for the official ann of our roadmap.

D. | Satoshi Club: [ 😉 Sticker ]

1MNFT: Sure

Q5 from Telegram user @h1drX

1MillionNFTs has several partners and collaborations, but your partnership with Orion Protocol caught my attention. Can you tell us a bit about the details of your partnership with Orion Protocol? Has this relationship been with reciprocal benefits? Also, do you have plans to partner with another web3 project?

1MNFT: Sure we plan to partner up with lots of other web3 platforms.. Our cooperation has a few stages like every development process. No it’s about media support and brand awerness by placing thier logo at 1millionNFTs, then we’ll move futher and deeper, keep on watching guys.. it’s not interesting to show all the cards at once

D. | Satoshi Club: c’mon only 55k people here

they will be all keep secrets for sure 😄

1MNFT: 17k online 😂😂

Next question 😅

D. | Satoshi Club: thank you for answers! 😄

Q6 from Telegram user @Andrey_Seleznov

What marketplaces do you plan to collaborate with to sell the NFTs from the grid? Do you plan to create your own marketplace specifically for 1mlnnfts?

1MNFT: We do plan to do a marketplace on our platform, it’s one of our first goals.

It’s blockchain, people can sell NFT on any marketplace like opensea

And maybe we will make a very linmited portion of NFTs to sell vie opensea auction soon

about in a month from now

JUST

DO IT

😅

D. | Satoshi Club: the most exciting part for the most of our guests 😄

Part 2 — live questions from the Telegram community

Q1 from telegram username @boradam

If it possible to repaint our logo anytime we want to?

1MNFT: like this. Yes if you have enough 1MLN tokens to do that

Q2 from telegram username @alyaakin

You told us you are 5 people who is creating the project so do you know each other before the idea of this project?

1MNFT: Sure, trust built for years

Q3 from telegram username @azrayeni

Can I stake my NFT’s or my $1MLN tokens inside of the project to earn passive income?

1MNFT: If you find a platform to do it outside 1MillionNFT, tell me. I have a few team tokens.. 😂

Q4 from telegram username @vedamatrix

Are you going to buy some pixels and create for yourself too?

1MNFT: we have team tokens, i guess I don’t need to buy my own token.. i hope, but maybe ny team will make me to do that 😂😂

Q5 from telegram username @atillayeni

You have 1 million pixels. Will you create 1 million erc-20 tokens or more?

1MNFT: total supply of erc20 tokens – 10’000’000 1MLN

Q6 from telegram username @smelekin

Hello and welcome Alex @OneMillionSir Are you going to sleep after this AMA?

1MNFT: haha, I will sleep after elon musk’s tweet (NO)

Q7 from telegram username @erven12

DO YOU HAVE PLAN TO BE THE BEST?

1MNFT: yes, just be the best. We already are, thank you for the question. It was cool

Q8 from telegram username @JoanaZ

➡️ Why you only give 6 hours to buy and Paint the NFTs? Also there exists a minimum amount of ” pixels” required to paint a NFT?

1MNFT: example: a VC have allocation like 10k in the strategic area, but they get only 10% unlocked on TGE, so they have 6 hours to decide – paint only 10% of their 10k area and lose their prior right to paint this location in the future, or buy out okens from the market within 6 hours and to paint 100% of their area. Cool when VCs buy tokens from community on the market right?

Q9 from telegram username @mixer40

Why did you choose the ETH network, now there are expensive commissions?

1MNFT: it’s easier for developers to make smart contracts by now, but we plan more blockchains to go

Q10 from telegram username @cindy_crypto

On your website it says every NFT token will farm one 1MLN per year but isn’t this cause the token price of 1MLN to go down?

1MNFT:1 token per year.. will cause the price.. to go… down? You seriously? 😂