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 99Starz and our guests were @mattzahab, and @CEO_99Starz – representatives of 99Starz. The AMA took place on the 3rd of December.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
Andrés M. | Satoshi Club:
Hello everyone, happy to be with you again.
Today, we would like to introduce you 99Starz, one project that is building the world’s biggest NFT yield ecosystem.😃
Jonah 🏅🎹 |
Satoshi Club:
Our guests today from 99starz are @mattzahab And @CEO_99Starz
Matt Zahab:
Hey everyone, nice to meet you 🙂
Jonah 🏅🎹 |
Satoshi Club:
Hello guys.. welcome to Satoshi club
CEO 99Starz:
Hello everyone! nice to be here! 🙂
And thank you
Andrés M. | Satoshi Club:
Nice to meet you, Matt and Luca, it’s a pleasure to have you here.
How are you doing guys?
CEO 99Starz:
Crazy busy, to be honest… IDOs are approaching.. .lots of work. Lots of interest in our project. Looking very good. It’s gonna be nice Xmas I believe 🙂
Matt Zahab:
Doing great! Our team is grinding away.
I’m in Toronto, Canada… it’s a little too cold here, but otherwise, life is good 🙂
Jonah 🏅🎹 |
Satoshi Club:
Great to have you here guys..
Andrés M. | Satoshi Club:
Yes I believe it too, good things are coming.
CEO 99Starz:
Our pleasure.
Andrés M. | Satoshi Club:
Positive vibes, perfect😁💪
Matt Zahab:
View from the office:
Andrés M. | Satoshi Club:
So let’s begin the AMA with a short introduction about each of you and your
experience on crypto.
Wow beautiful, so futuristic city
CEO 99Starz:
Nice!
Ok, I start.
I’ve been around in the crypto space since 2017. As an investor mainly, at the beginning, and as a trader. My background of the last 20 years is about corp executive, trading, entrepreneur, financial advisor (CFO level).
then in 2017, late damn, I finally decided to give some time to study cryptos, coze some friends were in before and invited me.
Well, it’s been immediately love!
I love Satoshi’s vision, really love it!
Then my journey started in 2017 and already in 2018 I was advising several projects and started to be in the background more and more.
About 16 months ago I had the chance to meet Yat Siu, chairman, and founder of Animoca Brands, and a new vision came into my heart: the PTE.
From that moment I’m full-time into trading and PTE.
99Starz is today the
result of the hard work of great people in the last 14 months.
It’s the evolution of our first project, Superfast Team.
Now it’s a global NFT yield ecosystem, with many more values like lending solutions and 99Starz Academy.
Great to see this project growing every day.
Matt Zahab:
Before crypto, I was a currency broker, then I joined a Canadian startup and
grew the business from 100k-50mm in annual recurring revenue.
In crypto, I’m the CMO of 99Starz and crypto news. I also worked for Cypherpunk Holdings, a publicly traded company with 401 BTC and 511 ETH on their balance sheet… the ticker is also $HODL 🙂
Outside of work, you’ll find me playing ice hockey or golf… or spending time with family!
Jonah 🏅🎹 | Satoshi Club:
You must be an interesting personality.. 😁
Andrés M. | Satoshi Club:
Wow, guys, you both have an incredible and exciting experience👏
Jonah 🏅🎹 |
Satoshi Club:
You both have awesome Experiences and backgrounds 👏
Andrés M. | Satoshi Club:
Well, now please tell us what is the essence of 99Starz and what is your
mission and vision.
CEO 99Starz:
99Starz aims at becoming an n1 NFT yield ecosystem in the world. A sort of e-sports organization of the blockchain world.
99Starz is a blockchain gaming ecosystem, bringing the play-to-earn game model to millions of gamers through guilds creation and NFT renting – allowing to maximize player rewards and ease cooperation. 99Starz allows anyone to tap into the gig economy of the metaverse and generate an income from blockchain gaming using the $STZ token.
Jonah 🏅🎹 |
Satoshi Club:
👏
CEO 99Starz:
The vision is to bring into the metaverse millions of users, also newbies and non-crypto savvy. And to do that we’re developing an ecosystem that welcomes them on board in a frictionless way. We teach them all from A to Z. What do to, how to play, how to maximize their winnings, etc…
And, to reduce the hurdle of expensive entries, we’ll let them rent the massive NFT vault under our management, which currently already value many million dollars. So that they can try one game, then another, play solo or join a team, etc…
Jonah 🏅🎹 | Satoshi Club:
This is Exciting and impressive
CEO 99Starz:
This is awesome, futuristic, and challenging 😉
Jonah 🏅🎹 |
Satoshi Club:
👌
Andrés M. | Satoshi Club:
The excellent aim, so do you have different courses? Only in English or in different languages?
CEO 99Starz:
We will build the 99Starz Academy over time. we already have some of the best blockchain game specialists at work with us, some since almost 1 year.
We’re going to develop based on community needs and our strategy, also considering which games we’re investing/partnering with. And yes, the plan is to have more than English. Over time, we’ll create a massive, global, multi-cultural, and multi language community.
Jonah 🏅🎹 | Satoshi Club:
This is a great Initiative
Andrés M. | Satoshi Club:
Thanks for the info, I think knowledge is the most important asset
CEO 99Starz:
Thank you.
Indeed. Knowledge is a valuable asset.
Andrés M. | Satoshi Club:
Well, is time to proceed with our community questions, let’s go 😃
Jonah 🏅🎹 |
Satoshi Club:
🚀🚀🚀
CEO 99Starz:
Let’s gooo
Q1 from Telegram User @iceVermithraxx
Among the utilities of $STZ Tokens, it may be used to acquire assets from NFT gaming Vault using specific mechanisms through STZ governance, and in line with this, I discovered 99Starz also has an NFT assets Vault. Can you elaborate on NFT gaming Vault and NFT assets Vault? What are their different features and functions? since users can access NFT gaming Vault using STZ token, what are the requirements for users to access NFT assets Vault? What are some assets that can be acquired from NFT gaming Vault? Can you share different mechanisms through which assets can be acquired from NFT gaming Vault using STZ governance?
CEO 99Starz:
Great multi-question! 🙂
The 99Starz gaming ecosystem is the place where players enter to benefit from all services:
- tutorials
- game playing
- teams (I guess some would prefer to join a team and be guided by a captain)
- NFT vault (for lending and scholarships)
And more valuable services that I cannot describe here, not yet… 😉
The STZ token is at the
heart of the entire system.
It’s used to access the ecosystem, to lend assets, to access content, to reward
players, etc…
The assets will be on lending or scholarship only, not for sale, unless we decide differently. And that gives another interesting spot, what if some assets are available on 99Starz and are pretty difficult to purchase in the open market?
The lending system will initially be tested for a few games only, q1 2022, then as we get good results we will increase the audience and the games until in 2023 we should open it to third parties too. But initially, it will be only for our assets.
As per our light paper, we will manage this process entirely internally and with the help of our specialists. Our goal is to move to a DAO and subDAO governance system, starting from 2023. When reasonably more than 50% of the circulating tokens will be held by a more democratic majority.
Andrés M. | Satoshi Club:
The very complete answer, we are happy to see the big ecosystem you are implementing with different crypto topics.
Jonah 🏅🎹 | Satoshi Club:
I see that you have an NFT vault allocated for Scholarships.. who is this scholarship targeted at?
And how do interested people apply?
👀
CEO 99Starz:
The purpose of the scholarship is to allow everyone to participate. The current issue with P2E is the high barrier to entry.
Our scholarship consists of 99Starz giving in-game assets for free and sharing the revenue. As seen in games like Axie, the P2E movement can be more than just a game… it can provide monthly income. With our scholarship, we’re giving everyone an opportunity to join the world’s largest NFT yield ecosystem.
As a principle, if you have a scholarship, you’ll receive a smaller share of generated yields than if you lend the assets (therefore paying smth in form of collateral or in other ways).
It’s the principle of P2E, give the opportunity to everyone to earn while having fun, just using a smartphone or a pc.
Jonah 🏅🎹 | Satoshi Club:
Thank you for your Answers…
Andrés M. | Satoshi Club:
👏👏
CEO 99Starz:
We will let them apply through our website, we’re working on this. We first need to test internally some features.
It will also depend on the game, as each game has a different structure.
Andrés M. | Satoshi Club:
Thanks for the clarification, the second question is knocking on the door🥳
Jonah 🏅🎹 | Satoshi Club:
Great Job… 👏
👍
Q2 from Telegram User @mvgautham
Hello, when I went through the light paper on the website, I found that you planned to include FIFA as one of the games. This game being so widely popular will surely attract a lot of gamers. At the same time I saw images of few prominent players like Insigne and others in the document. What about the copyright and licensing issues that may arise due to usage of names/ images of these players? What if this causes legal hurdles in the future to the project and hence affect investors?
CEO 99Starz:
We don’t mention FIFA in our light paper 🙂
You are probably referring to Sorare, the largest football/soccer NFT blockchain game.
We don’t actually have to manage IPs directly with players, or Formula 1®, etc… this is already done by game studios.
Jonah 🏅🎹 |
Satoshi Club:
So what does your partnership with sorare bring to the table for you?
CEO 99Starz:
Sorare is one of the many games we’re investing in. We will invest in the most promising ones, with the biggest communities and best tokenomics/ecosystems. We analyze the features of each game, the rewards (the ROI), and their communities.
Each game is different and brings different advantages.
We’re currently investing in more than a dozen games, and we will expand to many more in the near future.
Jonah 🏅🎹 |
Satoshi Club:
Thank you for you Answers
Here comes the next question
Q3 from Telegram user @Danniblaiz
The STZ token is designed to be a value-driven exchange mechanism for players sharing rewards or renting NFT play-to-earn gaming assets from the 99Starz NFT vault. The total supply of STZ tokens is 99 million and this means no more will be minted. This is great. How do you plan on generating new tokens? Your whitelist campaign on gleam is currently ongoing and will end on the 6th of December. I discovered that just a limited number of winners will be picked, about 163winners will receive a share of 7500 STZ tokens. How would you select the winners and would there be a possibility of you increasing the number of winners if a whole lot of users apply for the campaign and are qualified? What are the procedures to follow to get your reward if you happen to be a winner?
CEO 99Starz:
The total supply is 99 million tokens, no more will ever be minted.
The tokens are issued, but not in circulation all at once.
As per our tokenomics, there are different vestings for different areas. All vestings are managed in an automated way.
As per our tokemics and smart contracts, all tokens will be automatically vested.
Jonah 🏅🎹 |
Satoshi Club:
Thank you for you answer
Ready for the next question?
CEO 99Starz:
Yes.
Q4 From Telegram User @Cheriemike
With help of the 99starz team, users will be able to enter the 99starz membership model and join one of the three ranks which are Master, Captain, or Player. So can your first tell us what this membership model is before users can join any of the three ranks? Can you state the difference between the three ranks? You mentioned that the composition of the Masters will be determined by the 99starz team. So can you tell us what makes a Master or how is the Master rank arranged? Can you also explain what you mean by the Captain will be determined by Individual Masters and the Players will be onboarded by the Captain? How can one join any of the ranks?Are there some specific requirements needed to be part of any rank? Please explain Thanks
CEO 99Starz:
The composition of The Masters will initially be determined by the core 99starz team. In the future, this may be governed by a DAO, based on the STZ holding structure.
The Captains’ members will be determined by individual Masters, and the Players will be onboarded by the Captains. We are currently in the process of developing a governance structure that rewards these subactivities while letting people opt into the activities they care about the most and receive compensation based on their time and contribution.
We will also create special quests that members can perform and become eligible for rewards.
Jonah 🏅🎹 | Satoshi Club:
When do you plan to roll out your DAO?
Andrés M. | Satoshi Club:
Interesting system, a good way to integrate the community into the project
CEO 99Starz:
Future decisions will be made via STZ token holder governance starting from November 2023 (the day on which all investor tokens become fully unlocked).
Jonah 🏅🎹 |
Satoshi Club:
Thank you for your answers..
Ready for our 5th question?
Matt Zahab:
Yes!
CEO 99Starz:
Yes!
Q5 From Telehram User @MudaraSilva
I noticed that 15% of the total $STZ supply has been allocated for “reserve and operations.” Since the reserve is a vital portion of the total supply and it ensures the strength of a project, could you please explain the split of this allocation between the reserve and the operations? Which percentage from the total supply has been kept as a reserve? Further, it is not clear that what do you mean by “operations”. Please deeply explain what are these operations and which type of costs are associated with the operations. Are they related to the development of the project or will that allocation be utilized for payment-related expenses?
Jonah 🏅🎹 |
Satoshi Club:
👀
CEO 99Starz:
Great question!
Our reserve and operation allocation is one of the smallest in the market… the reason is that we already generate revenues 🙂
It’s a healthy practice to keep some “oxygen” on the side for any possible events that could impact the project or the market. It’s always smart to have a safety net (my CFO background)… this is why we have a reserve.
Operations include a wide range of activities: players incentives, community incentives, NFT airdrops, fees (and gas) cost to run tests and initial development, development needs, generic operational expenses.
Furthermore, we can’t predict the future and things might change. Perhaps our partners and key stakeholders will want STZ tokens over USDT or ETH? These are things we can’t control and it’s safer to hold coins for a rainy day.
We don’t have plans to spend the operations and reserve allocation anytime soon. When we see the right fit, we’ll deploy as needed.
Really great questions — thanks for asking this one 🙂
Jonah 🏅🎹 | Satoshi Club:
Yeah… You’ll soon get to see loads of Great questions soon
Thank you for your great answers
Here comes the last question for this part.
Q6 From Telegram User @ItsMelissa3
The public sales of the 99Starz token are about to begin. You announced that there will be 3 public sales on three different platforms. The first will be on December 6 and the last on December 10. Are we still in time to register in a whitelist for any of the three? How much will the 99Starz token allocation be for each platform? Is there a maximum limit of tokens allowed for each user to purchase? What are (according to your own point of view) the benefits of making three different public sales instead of focusing all the attention on one?
CEO 99Starz:
We will actually have more than the 3 publicly announced! 😉
Please follow our socials, more news coming in the next few days.
Each platform/event has specific rules, that we don’t manage. So we suggest checking the rules with the platforms directly. They usually explain all details that people need to know before applying.
Andrés M. | Satoshi Club:
Please share us the links to join your social networks😃
Matt Zahab:
I can’t post links!
Please give me access.
More 99Starz info is available below 🌐
✅ Twitter – https://twitter.com/99Starz_
✅ Our website – 99starz.io
✅ Whitepaper – https://www.99starz.io/wp-content/uploads/2021/10/99Starz_LP-10-28-1.pdf
The public sales are about to launch. 👊
➡️ Animoca Brands Launchpad – December 6th
➡️ StarterXYZ – December 8th
➡️ Bondly – December 10th
There we go ^^^
Jonah 🏅🎹 | Satoshi Club:
Sorry about that.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Wong2008
Why are there two different $STZ tickers?
Matt Zahab:
Noor – great question 🙂
$STZ is the official ticker and coin name for 99Starz. It’s the only $STZ in crypto.
However, there is a $STZ ticker in USA public markets (not crypto-related). It’s from Constellation Brands, a massive alcohol distribution company, which we have no affiliation.
We are completely different companies. We are crypto/blockchain/NFT… they are traded on the NYSE.
Q2 from Telegram user @cindy0666
I read about $STZ that it has a total supply of 99 million and will not be published anymore. What are token utilities? Can you tell us about the main role and use cases of $STZ?
Matt Zahab:
Hey Cindy, great question 🙂
STZ Token is a utility token, initially ERC-20, that is designed to be the medium of exchange, utility, and attribution of blockchain-based games.
Our token is designed to be value-driven – the winnings of all membership yields will be used to incentivize the players and contributors and to expand the available NFT asset collection from various games (NFT Gaming AUM).
As an additional utility, STZ tokens may also be used to acquire assets from the NFT gaming vault using a specific mechanism through STZ governance. In other words, these assets will be available for lending, as well as for potential sale (should we decide so) – but only through the STZ token.
Only 99,000,000 (99 Million) STZ will ever be minted.
Q3 from Telegram user @Rakshhitx5
Is there any specific reason that you named your Project “99Starz”?
Matt Zahab:
Rakshhit – another really good question 🙂
Starz = sports stars, gaming stars, amazing people = Starz … why the z instead of s? It’s unique, fun, and catchy
99 = big number, tons of players, symmetric … 100starz doesn’t sound right!
Q4 from Telegram user @alicandogan9
I saw that there are 3 ranks available in 99Starz. Which is the highest rank of Master, Captain, or Player? What will a beginner do to get the highest rank?
CEO 99Starz:
Become a great player. Proficiency in its game/s. Bring onboard more players and be able to manage them. A captain is a leader, first of all, an example for his team.
Q5 from Telegram user @hmdtadel
Is there a fee that you guys charge someone to be able to lend or rent NFTs in your marketplace?
Matt Zahab:
Stewart – nice question 🙂
There will be a small fee, paid in STZ tokens.
Q6 from Telegram user @Alixbella
It may vary for the year 2022, the supply of the STZ token? How do you see the project in the future? How much did 99Starz set the total supply of the STZ token for this year?
CEO 99Starz:
The approximate circulating supply over a specific time can be easily calculated through our tokenomics structure.
Q7 from Telegram user @Xusuo
Now there are so many games with blockchain and using the PlayToEarn system. kindly explain why we should play 99Starz? do you have something special that becomes the best feature and fun to play?
Matt Zahab:
Hey ETH (great name btw!)
99Starz is not a blockchain/NFT based game… we’re an NFT yield ecosystem. We have teams in the best blockchain-based games, but we don’t own these games. We own the in-game assets and use them to win, which earns us yield.
We play the largest and most fun blockchain games like Axie, Sorare, and F1 Delta Time 🙂
Q8 from Telegram user @sophiejohnson1
Could you briefly explain the partnership between Animoca Brands and 99Starz? What is your affiliate degree? Is 99Starz an Animoca Brand project?
CEO 99Starz:
We are supported by Animoca Brands. And we have a tight partnership overall. Despite our friendship, we’re open and free to cooperate with any game studios and protocols in the market. No limits.
Q9 from Telegram user @cenkkargin0666
Do you plan to organize in-game events and global events so that 99starz players don’t get bored with the game? How will 99starz compete individually in the game and win together?
Matt Zahab:
Great question, Cenk 🙂
We plan on organizing in-person events around the world. Remember, our community will have access to hundreds of the best and most profitable blockchain-based games… if you’re a gamer, you won’t get bored and you’ll have the opportunity to earn income 🙂
Q10 from Telegram user @highpee
50% of the profit that will be made from this NFT vault will be used to acquire more NFT and P2E assets. How do you select these games to acquire their assets? What will the other 50% of profit be used for and what plan will you have after November 2023?
CEO 99Starz:
The other 50% of the generated profits will go to our players, based on their score, and also the captains, managers, and other helpers. 59% of the total generated income is for them. 50% to grow the NFT vault (assets). After November 2023 we’ll introduce some DAO lead strategy
Part 3 – Quiz Results
In the final part, we tested your knowledge in terms of 99Starz. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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99Starz Telegram community: https://t.me/Starz99STZ
Twitter: https://twitter.com/99Starz_
Website: http://99starz.io