We were delighted to welcome our guest from Transient. The AMA took place on September 25th, 2021 and our guests were @BeauTransient and @zani_io.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
Part 1 β introduction and questions from the Telegram&Bitcointalk community
Luis Merino 🇪🇸 | Satoshi Club: Hello SatoshiClubbers, welcome to another AMA session with us π
Today our guests are @BeauTransient and @zani_io, from Transient, welcome 😊👍
Beau: Thanks everyone, great to be here π
Jonah 🏅🎹: @BeauTransient and @zani_io welcome to Satoshi club, it’s a pleasure to have you here today
Zani: Thanks for having us!
Luis Merino 🇪🇸 | Satoshi Club: Pleased π
Jonah 🏅🎹: How are you doing today?
Beau: Going great, excited to chat to you all!
Luis Merino 🇪🇸 | Satoshi Club: Satoshi Club is also excited 😄
Zani: All good! Excited to answer all your questions about Transient!
Luis Merino 🇪🇸 | Satoshi Club: So, as an introduction, can you please tell us a few words about yourselves?
Luis Merino 🇪🇸 | Satoshi Club: Also, tell us a brief summary about Transient Network
Beau: Sure thing – my background (the last 15 years) is running large scale technology projects and platforms at multinational companies in the ecommerce space, particularly in online gambling (at the biggest in the world), banking/finance and insurance.
I’ve been a long time investor in crypto and have been experimenting around real-world use cases for the last couple of years in traditional settings. Transient spawned from an idea my co-founder had trying to bring smart contract adoption into the real-world – and really identifying and breaking down barriers along the way.
Zani: I’m a marketing specialist with ~10 years of experience in the area, and have worked for worldwide brands into different markets and also top companies inside the crypto world. Just made the move across to Transient from Binance.
Jonah 🏅🎹: 👏 you both have great Backgrounds
Beau: On to the fun stuff, Transient π
Plain and simple – Transientβs goal is to be the prominent dApp marketplace utilised across any industry wherever a smart contract is needed β building our dApps for users and companies not familiar with the blockchain and to take those first steps into their adoption journey.
Our goal is to redefine the smart contract offering by creating the simplest, most secure and highly scalable dApps in the market. We see our marketplace becoming an entry point to the Transient Network where freelancers, mum and pop shops and enterprises can take advantage of Transientβs individual dApps connecting the real world to solve real problems.
Luis Merino 🇪🇸 | Satoshi Club: We have one binancian here 😄
Luis Merino 🇪🇸 | Satoshi Club: Great one 👏
Zani: Hahaha! 🤝
Luis Merino 🇪🇸 | Satoshi Club: Thank you for the great introductions, guys π
Luis Merino 🇪🇸 | Satoshi Club: Ready to jump into Community questions? 😉
Beau: Let’s do it 👌
Q1 From Telegram User @kimzyemma
Transient ecosystem actually find a way to break down the barrier to adoption and create accessibility for all, regardless sole trader, and project running an NFT marketplace or a commercial enterprise. You plan to make this happen by focusing on six core pillars which are not stated or explained on your website, Can you briefly give us the details of the six core pillars? How will make your ecosystem quicker and more cost-efficient for users to move their funds and interact with smart contracts? Are you going to have your wallet or you will be compatible with popular crypto wallets, such as Trust Wallet and MetaMask?
Beau: A lot in that question, but will give it a shot π
Code-free: allowing anyone to create smart contracts, no dev skills required
Interoperability: built to be chain agnostic
Seamless integration: designed to be a key conduit for on and off-chain interactions
Real-world ready: we have already built dApps ready for the world to consume
Next-level smart contracts: our end goal is to fully automate the pipeline of smart contract deployment
Global marketplace: a dApp for anyone, anywhere, anytime.
Beau: In terms of chains, we are on testnet with Eth and HECO-chain. BSC is also currently in development.
Yes, we will be integrated with MetaMask from day 1.
Luis Merino 🇪🇸 | Satoshi Club: Are you planning to add any other chains?
Luis Merino 🇪🇸 | Satoshi Club: No dev skills required? It’s my moment then 😄😂
Beau: Based on our roadmap, we are not set on extending in the short-term but depending on how our initial dApps are received and how our community interacts with them, and their needs grow.
Jonah 🏅🎹: It’s awesome I’m sure lots of users will like that.. 😃
Luis Merino 🇪🇸 | Satoshi Club: Can you please share your roadmap with us?
Zani: I believe this is one article that everyone should give a look. All the details of our roadmap are summed up there: A high-level roadmap for whatβs in the pipeline for Transient (https://medium.com/transient-network/a-high-level-roadmap-for-whats-in-the-pipeline-for-transient-664d3f3b6b15)
Jonah 🏅🎹: You have quite a lot of Nice features coming up that’s Awesome.. 👏👏
Jonah 🏅🎹: We will get to know more about them
Luis Merino 🇪🇸 | Satoshi Club There you are 😉
Luis Merino 🇪🇸 | Satoshi Club: So, are you ready for the second question? Or do you want to add something?
Beau: Let’s do it
Q2 From Telegram User @Jamesxmen
Transient spread their Smart contract services towards the E-Sport industry also. You stated that E- Sports community and any person without a knowledge of Smart Contracts will be able to create own their smart contract through the Transient project. So how will the pieces of code execute terms or conditions based on an agreement which is subsequently stored on the blockchain automatically? In which way do you think to enhance the E-Sport industry with the Amazon Smart Contract in Transient Project?
Beau: Great question – and one, given my background in the online betting space I’m very excited about!
Our P2P eSports dApp will be an extension to the existing online gaming ecosystem – we will be adding another element of fun by allowing our community and users to create their own competitions/pool based on tournaments happening around the world – other members can then bet against an outcome and share in the guaranteed prize pool.
The coolest feature among them all is that you are able to do the same for real player v player – if you are playing a friend, have a twitch channel and a community that thinks they know who will win – you can set that up to!
Beau: The other (more serious) feature is the ability to remove some of the fraud and unease for teams and competitions in the esports industry – and giving more power to the players, instead of the manager. This will be in the form of ‘team management’ functions that will use smart contracts to distribute winnings, vote on team choices and the equal set up of tournaments and competitions.
Zani: A sneak peak of the eSports dashboard
Jonah 🏅🎹: It’s clear how much your interest in eSports has given birth to great ideas… In allowing users to create their own pool based on tournaments around the world, what kinds of tournaments can this pool be created for, will this be for any sport?
Luis Merino 🇪🇸 | Satoshi Club: Love it
Luis Merino 🇪🇸 | Satoshi Club: E-sports lovers as me…
Luis Merino 🇪🇸 | Satoshi Club: Are in love with it
Luis Merino 🇪🇸 | Satoshi Club: Haha
Jonah 🏅🎹: Yeah.. who wouldn’t? 😁
Beau: We like to do things that add incremental value at Transient – so we will start off with what our community wants the most π ..inspect and adapt our product and gradually add more. We are looking to team up with CS:GO in some capacity so trust that will be up there π
Zani: If you ever wondered how long it would take for you to be able to interact with AAA games on the blockchain, maybe there’s your answer
Luis Merino 🇪🇸 | Satoshi Club: 😄😄😄😄
Jonah 🏅🎹: Great Job.. 👏
Luis Merino 🇪🇸 | Satoshi Club: CS:GO player here
Luis Merino 🇪🇸 | Satoshi Club: Well not anymore, but I used to
Luis Merino 🇪🇸 | Satoshi Club: Haha
Jonah 🏅🎹: You can reignite your passion.. 😄
Jonah 🏅🎹: So are you ready to proceed to next question?
Beau: Sure π
Q3 from Telegram user @yellowchamp
I found out in your medium article that Transient will launch an Online Gambling like Poker and Instant Payout and you also plan to launch an Insurance with policy management and instant claims. So,can you give some advance details about the Online gambling that you will soon launch in your platform? How it will works and what will be its great features?As you add Online gambling as your feature,do you intend to get license to operate legally online gambling? You also plan to launch
an Insurance with policy management and instant claims,so can you share some information about your Insurance policy? How it will be implemented and what are the instances covered for this insurance? What 3rd party company you will collaborate to help you realize the insurance offers of Transient Network? Thank you
Beau: Great pick up – that is one a little further down the roadmap.
At Transient, we don’t feel that we want to go head to head with these multi-billion dollar gambling companies (… well not yet anyway ;)) so creating our own online gambling dApp is not where we want to play.
What we do want to do (and what I have spoken to my old company in the space about) is how can smart contracts help their business – some of those use cases include:
– Instant crypto payouts (traditionally fiat)
– Ability for these companies to use a native token to drive loyalty
– Using smart contracts/blockchain for its immutability functions for regulator and financial reporting
This is where Transient comes in – these big companies don’t want to focus on bringing in new devs to build this stuff – so we prototype and build solutions for them π
From a project perspective, these are massive opportunities – for example, their largest revenue day they have peak load of 150,000 bets per minute – now that is some load π
Beau: In the insurance space (another one of my old industries) is ripe for disruption – today if you have an accident in your car you go through a very long and manual process to be paid your claim, through banks, etc. As we all know, using smart contracts we can eliminate that wasted time and improve customer experience significantly.
Beau: The services that I’ve outlined above will create two additional dApps:
– Enterprise Betting Services
– Enterprise Insurance Services
… which will be added to our global marketplace.
Jonah 🏅🎹: So instead of Going Head to Head with the Big boys.. you will provide solutions for them 😉
Jonah 🏅🎹: Are you working with Any of this big boys?
Jonah 🏅🎹: Either from the betting or insurance Space
Beau: I can say we are prototyping solutions with one of my former employees – I am very excited for when I can announce publicly which I’m sure you will see on our socials π
Jonah 🏅🎹: Great.. don’t forget to share with us…
Luis Merino 🇪🇸 | Satoshi Club: Please share your socials so that SatoshiClubbers can check it 😄
Zani: Transient Links:
📲 Telegram: https://t.me/transientnetwork
🐦 Twitter: https://twitter.com/transient_sc
🗞️ Medium: https://medium.com/@transient_sc
🌐 Website: https://www.transientnetwork.io
Luis Merino 🇪🇸 | Satoshi Club: There you are 😄
Luis Merino 🇪🇸 | Satoshi Club: Thank you π
Luis Merino 🇪🇸 | Satoshi Club: So, ready for the fourth question?
Beau: Sure am
Q4 from Telegram User @NataliyaKil
As I understand it, Transient has 2 products: TSC-Core and TSC-Pooling? Who are these applications focused on, what purpose are they created for, what functions do they have, and what is their difference between them? Are they already tested and can they be used to their full extent? How can I access them and is there any overview on how to use all the features of these apps?
Zani:
TSC-Core focuses on standard Smart Contract creation and management and will add value to the community on day one. Itβs our flagship product and the first proponent of the Transient Network. Some of its features are: depositing, transfering ETH/ERC-20 and also digital signature.
On the other hand, TSC-Pooling is focused on the ability for users to create their own pools for crypto-price predictions and share in the winnings. Creators are rewarded for their contributions.
We are open to the community on testnet so you can get a feel for both products but anyways they should be live on mainnet as soon as October (yup, next month).
If you want to check it out, here you can find screenshots of both products: https://imgur.com/a/68pmJtB
Zani: You can also take a deep dive in both of them through our Medium articles for TSC-Core (https://medium.com/transient-network/showcasing-transients-first-dapp-introducing-tsc-core-29dd1dd2ce2f) and TSC-Pooling (https://medium.com/transient-network/tsc-pooling-demo-ebc69450d1d0)
Jonah 🏅🎹: So how do you reward creators of the TSC-pools?
Zani: All the details on tokenomics and utility of the dApps will be out soon. But just giving you guys a spoiler here, basically there may be something like a creator fee/other features that will be shared on our socials in the next couple of days!
Jonah 🏅🎹: Don’t forget to also share with us when they are out 😉
Luis Merino 🇪🇸 | Satoshi Club: Anything else you want to add?
Beau: All good there, onto the next π
Q5 from Telegram user @Orlemys
On your website, I saw youβve only listed Omniscia and GPool as your partnerships. An audit protocol, and a launchpad respectively. Would you explain how having both of these protocols as your partners helped develop your platform? What are their specific roles? And how do users benefit from them?
Zani: On the security side we are lucky to be partnering with Omniscia who is currently undertaking our security audits for both TSC-Core and TSC-Pooling – we expect results by the end of this week and will add to our GitBook (which will also be shared with the community).
Regarding the launchpad it is a breath of fresh air when you are able to connect with a team that share a common purpose and have a clear vision of their offering β GPOOL is basically that, where retail investors become seed investors.
GPOOLβs community-first approach, decentralised governance model and seamless user experience made it an easy decision for Transient to put itβs trust into the team to facilitate its IDO.
And by the way, as you may imagine we also have other partnerships to help us connect with off-chain data but this is still to be announced (soon).
Jonah 🏅🎹: Can you share details of your IDO?
Zani: You can check all the detailed timeline and tokenomics for the IDO on GPool’s Medium. The link for the article is here (https://medium.com/gpoolofficial/genesis-pool-to-launch-transient-ido-5d74c6721667).
The schedule:
29th September 12:00 AM UTC: Whitelist begins
03rd October 12:00 AM UTC: Whitelist ends
06th October 12:00 AM UTC: Round 1 begins
07th October 06:00 AM UTC: Round 1 ends
07th October 06:00 AM UTC: Whitelist for the Round 2 begins
09th October 06:00 AM UTC: Whitelist for the Round 2 ends
11th October 12:00 AM UTC: Round 2 begins
12th October 06:00 AM UTC: Round 2 ends
It’s THAT close guys! 🔥
Luis Merino 🇪🇸 | Satoshi Club: So, ready for the last question of part 1
Zani: Let’s do it!
Q6 from Telegram User @JaviSuBs™
Hi Transient, my question is: how do you plan to break through the adoption barrier and create accessibility for all? What is the strategy that you will use to break that barrier, what is the main approach to achieve it? What are the opportunities for an individual trader managing an NFT market? explain these points to us. You say they are the Amazon of smart contracts, but how secure are their contracts, which security system are they using to make their smart contracts more secure? you can give us more details of these functions. Thanks
Jonah 🏅🎹: Partially covered I believe.. 😉
Zani: The security part is being taken care by our audit partners: Omniscia.
The huge buzz around NFTs directed a lot of non-crypto eyes to the market. Investors from all around started to wonder what was the reason behind the 7 and 8 figure digital arts selling and if they could β in any way β profit from it. The same can be said for the even most recent blockchain gaming explosion. Both blockchain gaming and digital art became entrances for lotβs of new users to the crypto market. Transient plans on being the next big thing.
We believe that the smart contracts for non-coders with all the real use cases weβre developing is something that will bring non-cryptos to crypto. And of course, to achieve that we have different strategies for all our different dApps.
Since there are different audiences, we plan on developing video content, working with different languages, countries, and understanding all the different personas. By doing this we believe we break the main barriers of adoption to make sure weβre available for anyone, anytime, anywhere.
Jonah 🏅🎹: Awesome strategy to become the next big thing 👏
Part 2 β live questions from the Telegram community
Q1 from Telegram User @Ishan1_7
Is HECO chain integration part of your road map? Could you please tell us more about this plan?
Beau:
Good question – we covered this a little before, however, an important one to reiterate.
HECO-chain is currently on testnet (and all going well with audits) it will be launching on mainnet with our first release – the reason we have extended to HECO is to ensure we are expanding our network to chains that are moving in the direction we intend. We will continue to find the chains that suits our and our communities needs best. The added bonus of HECO is the ability to utilise their network, particularly with Huobi.
Q2 from Telegram User @T_carrey
As a new project in the market,what is your competitive advantages? As an investor,why would we trust to invest ? What are the ways to earn in your platform?
Beau:
Great question – our advantage and one that has helped push the project along this far is the teams experience across crypto and the end-state targets of large scale companies. We’ve been at the forefront of discussions in their four walls and not only understand what the barriers to mass adoption are but are actively prototyping around how our solutions can solve their problems.
Two partners (which I cannot wait to name!) operating in the CFD exchange and online gambling business are providing great feedback around how they can leverage Transient in the future – we are not making assumptions, we are getting the direct feedback.
Q3 from Telegram User @ashwini_Crypto
I am Very Excited for the P2P eSports dApp that is in Ddvelopment phase, Could You give more Information for this?
Zani:
The idea is basically to add excitement of playing or consuming eSports content by expanding experiences such as creating your own competition betting pools for tournaments, matches or outcomes.
Or even hosting your own player vs player competitions that your friends and community members can interact with – building an engaging ecosystem.
If you want more details on that, check our TSC-eSports Medium article (https://medium.com/transient-network/esports-smart-contracts-and-transient-the-next-holy-grail-498ae43c4c7).
Q4 from Telegram User @Nonerlike
Can I know about your team too? Many project are being abandoned by team having high impression first . How strong is your team and are you doxxed?
Zani:
At the moment (and we are growing) we have a core team of 10.
Beau (Project Lead), me (Marketing Lead), Lead Blockchain Engineer, 4x full-stack devs, design lead and 2x community/marketing.
Q5 from Telegram User @Akira236
You Aim to to allow “Anyone”, to utilizeΒ smart Contracts, By this, Do you mean that Users who are utlilize traditional application Could utilize it as well?
Beau:
We have built Transient with best-in-class user experience in mind, breaking down barriers to adoption by allowing anyone – AND WE MEAN ANYONE – to utilise and share in the wonder of Smart Contracts.
Q6 from Telegram User @Kabirkapoor9
Which sector of Crypto world you guys are Targeting as Blockchain become necessity? Will Transient allow Startups for Collaboration in future to support them in Initial stages?
Beau:
We hope that our community will get benefit from day 1 – whether they are a start up looking for an easy way to arrange a raise or have the ability to create smart contracts to pay services, TSC-Core will have the functions available.
Q7 from Telegram User @king_kong46
Where can I buy your tokens now,, what are your current contracts and how can I buy them and what are the benefits???
Zani:
Our IDO whitelisting comes live on 29th (next week) on GPool Launchpad. That’s where you’ll be able to buy $TSCT tokens. DEX listing will come shortly after!Β
We also have a Medium article with full details (https://medium.com/transient-network/transient-ido-is-coming-to-gpool-3843c0b343ea).
Q8 from Telegram User @chinyere2020
How relevant is the community to Transient? What role does the community play for the growth and development of Transient?
Beau:
Our community are our eyes and ears on the ground and where we will get majority of our feedback. We have an ‘inspect and adapt’ mindset so seeking feedback across all parts of the product development cycle is paramount for us.
UI/UX feedback, early beta visibility and feedback loops will be a key part to ensuring Transient’s marketplace is delivering to the high standard we set ourselves.
Q9 from Telegram User @munishgmr
As the end of this year, You are planning to Bring TSC- NDA, for which sector of users, this would benefit?
Beau:
Another nice pick up π
One that might not have all the bells of whistles of eSports but absolutely as effective – our marketplace will provide a dApp for users to create non-disclosure agreements (for any purpose, i.e. investment, employment, etc.) in the form of smart contracts.
In 4 steps our users will be able to create NDA’s for any purpose, anywhere, anytime. Gone are the days of dodgy PDF edits and emails when trying to protect your most valuable assets.
Q10 from Telegram User @NataliyaKil
What methods and programs do you plan to implement to attract more users, to increase the Transient community and spread the word about your project?Β Can you tell us about the marketing and advertising campaigns planned for these purposes?Β What social networks and incentive programs for the community (referral program, loyalty program, ambassador program) will be used and some famous people will take part in this?
Zani:
First of all, we gotta understand that everything is now global. We can’t be different. Therefore, developing engaged communities around different countries and languages is really important. We are already working on that. eSports, for example is a global thing. But we certainly have the biggest markets and the marketing pushes will be focused there. On the other hand, Pooling, NDA, and Core may have totally different geographic and marketing approaches. Some can have a strategy more focused in partnerships, others in influencer marketing, others in PRs. It varies from one product to the other. And creating incentives to the community is always good. Thatβs why we are already gamifying some features of our products so beyond betting and interacting youβll find yourself competing with other peers for a better overall record (ranking) in some of our dApps.
Part 3 β Quiz Results
In the final part we tested your knowledge in terms of Transient. Theyβve prepared 4 questions for this part. The total reward pool for quiz was 300$.
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