Firestarter NFT x Satoshi Club AMA Recap from 12th of December

Firestarter NFT x Satoshi Club AMA Recap from 12th of December

Firestarter is building world’s 1st NFT use case in a dApp that connects stars with their fans… Where stars can launch engagement campaigns through NFTs.

Today we are glad to tell you about the AMA session with our friends from Firestarter. The AMA took place on December 12 and our guests were Rj Firestarter and Son GokuBg.

The total reward pool was 700$ 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, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello again, Satoshi Club! We are happy to announce our AMA session with Firestarter! welcome to Satoshi Club. @SonGokuBg @RJFirestarterNFT welcome here. 😀

Rj Firestarter: Hello. How are you today, guys? 😉

Son GokuBg: Hello.

Mary | Satoshi Club: We are great, thanks! Could you please introduce yourself and Firestarter project to Satoshi Club. 😀

Rj Firestarter: First of all, I would like to thank Satoshi Club for having this AMA. It’s a pleasure doing this AMA. Thanks.

I am RJ, been in this space for few years. Our project is Firestarter NfT, we are trying to create worlds 1st NfT use case in a dapp, where stars can interact with their fans and bid/buy, auction/sell, swap/trade, their NfTs while improve their engagement campaigns and share upcoming events.

Mary | Satoshi Club: When did you get this idea to create Firestarter project?

Rj Firestarter: We have been following the NfT marketplace and the development for some time and are excited about the future of ownership through NfTs. We found that most of the projects are doing a great job in identifying use cases in the NfT space … We decided to go for the niche segment instead of identifying them. The idea was conceived 3 months back. And since then we have been working on the RnD front and have reach here so far 🙂

D. | Satoshi Club: Do you have another team member? or you just team of two?

Rj Firestarter: Yes, we are 3 of us. @Yupi87 here is the 3rd one Yupi Dk “Doxxed”

Q1 from Telegram user @iulya_i

Your fire token will be used for governance in your ecosystem. I think that there should be more utilities. Do you plan to add more?

Rj Firestarter: Yes ofc. We have staking feature starting tonight. And there will be more holding rewards coming up. I would like to add about the deflationary governance model of $Fire.

Since we are near Christmas time, we introduce $Fire with a twist 🙂 $Fire is burning this December to reach its minimum supply. There are back to back events, prizes competitions while we reach approx 4,000-4,500 $Fire by 25th December. We had a total supply of 7,500 but wWe wanted to decrease the sell pressure hence we introduce BURNING 20% when you sell till we reach 6,000. Then on 25th as a Christmas gift we have locked 1,500 tokens in the NfT vault to BURN them to make $Fire more Scarce!

D. | Satoshi Club: By the way, i saw your tweet from December 10, you reported that you reached presale hardcap (300 ETH) only for 2 hours. first of all, congrats on this! and how did you guys do that? 😄 i mean most of new projects can’t reach the same amount for days, sometimes weeks.

Rj Firestarter: So on 25th December once we burn those tokens, we will move forward to creating a DAO for the %Fire token where community will be the decision makers of the $Firestarter ecosystem.

Thank you the support everyone has given us. 🙏

Mary | Satoshi Club: 2021will start with community governance?

Rj Firestarter: Yes we are, anyone holding 10 $Fire will have 1 Vote. Then there is more much more to come in 2021.

Q2 from Telegram user @Ubik1337

As I see your roadmap in this December is jam-packed. Every 3 or 5 days we can expect big event from you – like NFT Sale, Airdrop, Big Burn. Could you please fill us in all these events in details?

Rj Firestarter: So as I was mentioning earlier. We have staking going live tonight. With crazy rewards, I would recommend everyone to join our TG to be learn more. Then on 14th we have NfT sale starting where we are doing a test run on our use case. 🙂 https://t.me/FirestarterNFT

We have picked few famous Influencers from the cryptospace and are auctioning their NfTs for our community and the space. For that we have been fortunate to have the NfT artist who has worked on projects like CORE to name a few.

Mary | Satoshi Club: Which rewards? What i will need to do to stake?

Son GokuBg: It will be more like a farming, you stake FIRE and get FireX. We will distribute 14,700 FireX in the period of 14 days.

Rj Firestarter: For now we can only share the total supply of FireX Token and its utility. Total supply is 21,000. Yes. it’s our utility token for the app.

It can be used to rewards and and taking part in NfT auctions/sale.

D. | Satoshi Club: And the climax of december will be a big burn?

Rj Firestarter: Yes we will BURN 1500 $Fire over Christmas!! Btw, Holders of NfT Burn will be rewarded 10x Airdrop of FireX Tokens. So, the airdrop distribution is on the 1st January 21. And during Jan we will be release our new roadmap for the app, the white paper, new partnerships, and few surprises in all!!

Q3 from Telegram user @KelierTG

In your future DApp the stars will be able to interact with their fans right? However, famous social networks will be a difficult obstacle. How do you plan to make those stars fall in love with Firestarter NFT? Besides, I’m pretty sure most of them will know at most that Bitcoin exists.

Rj Firestarter: Well, we are not creating a social media platform rather a marketplace with a touch of social connections and interactions. Our core model is based on NfTs. I think by the time they reach to NfTs we will be on V3. 🙂

Mary | Satoshi Club: Which stars do you already have on the board?

Rj Firestarter: We are in conversation with few influencers, sports personalities and and musicians at the moment, since we are seeing the app launch in Q2 21, we believe we will have few brand ambassadors by then. And a lot of tweets before the release of the app. Can’t disclose the names till we sign the agreement.

Q4 from Telegram user @Cakelov

Im very interesting with competition that you do in your litepaper, because you give really big reward for total 10 ETH!!! Wow that’s a big reward! And the 1st position will get 4ETH. But the explanation is not clear for me, it’s said only for holder firestarter NFTs. What kind of competition is this like? are there any other requirement to join in that competition? What must I do beside become a holder of your NFTs?

Rj Firestarter: You will have to join our TG community to learn more. And yes we are giving 10 Eth to 4 winners. Everyone who participates in our NfT will be a winner because there are 4 NfTs for December in total 🙂 So it’s a win win scenario. Win Eth from us then be able to sell your NfTs at opensea or rarible!! You just have to bid and buy the NfT.

Mary | Satoshi Club: Ok, will users buy NFT directly on your platform?

Rj Firestarter: Yes with $FireX tokens.

Mary | Satoshi Club: Is it secure? Did you make any audit?

Rj Firestarter: Yes, we are audited by VIDAR The Auditor https://twitter.com/VidarTheAuditor and are fully decentralized protocol. https://ipfs.io/ipfs/Qmet1VR1Ct9Ezzksq3NyfAyjzEnFLHdcdGkEFYCJWxcRii?filename=fire_review_v1.pdf

Q5 from Telegram user @chinthaka93

You have mentioned that “All Presale Participants Are Eligible for 10x FireX Tokens Airdrop On 31st Dec 2020” what is about this FIREX tokens? What is the difference between FIRE and FIREX? And could you please explain how can I join this airdrop to receive FIREX?

Rj Firestarter:It was mentioned earlier, and yes there is a big difference. $Fire in the governance token which will work as a DAO and there are plenty of rewards for holding them. While $FireX are the utility tokens for app and can be used to take part in our NfT related activities. So the holders of presale and the big burn will get 10x FireX tokens, we are taking a snap shot on the 25th during the Big Burn.

Q6 from Telegram user @Pratze

I already read you litepaper, it said you will launch 4 Firestarter NFTs of famous influencers. Who are this famous influencers? And what connection do they have with the NFTs? Could you explain more?

Rj Firestarter: I can disclose 3 name at the moment. IvanOnTech, EllioTrades and Satoshi Nakamoto. 🙂 The connection is they are famous. And we are building the 1st use case through collectibles i.e. Autographs and ownership of rare NfT.

Mary | Satoshi Club: Super👍 famous names! Did you contact Satoshi personally? 😂

Rj Firestarter: I am Satoshi. 😂

Mary | Satoshi Club: Oh, have anyone else already tried to use Autographs in such way? 😂

Rj Firestarter: No we are the 1st ones. And there will be more however we will have the first mover benefit. While Autographs are the start, NfT are a paradigm shift how we perceive ownership.


PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 80 seconds; a lot of questions were posted by Satoshi Club community. Our guests chose some of them.

Q1 from Telegram User @eeaq15

In the pre-sale you indicate that the value of 1 FIRE is equivalent to 0.10 ETH, and stipulate that the minimum purchase is 1 ETH and the maximum is 10ETH. The minimum purchase is quite high considering the very high value of ETH, so my question is as follows Do you consider that the minimum purchase of 1 ETH can affect the pre-sale of FIRE?

Son GokuBg: The presale is already over and it get filled very fast.

Q2 from Telegram User @Jonahapagu

From your plans what you are trying to build is a DApp where Stars can be connected with their fans and engage them with various campaigns what I want you to explain is…. Stars of what industries are you targeting, is it the entertainment (Music and Movies), Sports, or Popular personalities across all platforms, and in terms of connecting them with their fans, what kinds of campaigns will they be able to run on this DApp and will this stars be subjected to meet any requirement before using this dApp platform of yours…

Rj Firestarter: Every one is a star. Depends how you look at it 😊 Take tik tok for instance you don’t have to be famous to be a star, you just need a talent and people will eventually catch up on you. digitization has this benefit for ordinary human being. But to be specific, we are going for musicians, artists, movie stars sports figure etc to start with. They will be able to create campaigns and add a NfT feature to it.

Q3 from Telegram User @Loversss10

Can you tell us about your goals and motivations for making this project?

Rj Firestarter: Interesting Question. Imagine as a kid we all have our idols and stars. That we love to keep their collectibles. Now imagine having the power to do the sitting in your home. And following the latest events and thing they like to do. So it’s every house hold need in our opinion.

Q4 from Telegram User @KevSalom

Non-Fungible Tokens have several interesting features that make them very attractive. In your opinion what do you like about them? How will Firestarter NFT take advantage of all this potential?

Rj Firestarter: We like the rarity and value in the NfT scene. If you have an NfT of an up and coming artist and in 5 years he becomes a star, do you know the value of your NfT? Mind blowing imo.

Q5 from Telegram User @lahkoklu

Is there a buyback system in FireStarter itself on $FIRE tokens and What is the reason for dumping $FIRE tokens if everyone gets the price at the FireStarter presale itself?

Rj Firestarter: All who bought the presale for overnight gains sold. Now we have true believers!!

Q6 from Telegram User @KeymerS

I understand that you really comply with the policies in the US, the EU, Switzerland and GDPR, and that data from Europe, North America, South America or Asia can also be stored, but could those of the African continent really be part of it? or is it in the future that they will include them?

Rj Firestarter: We will be a global decentralized platform, so anyone can take part. The code cannot be stopped 😂 however they can stop us, so use VPN.

Q7 from Telegram User @Pannicota

I saw that BIGGEST PROBLEM in DAOs now is a large investment bodies (ie.whales) purchase large amounts of tokens then unfairly skew the voting process in the

DAO for malicious purposes. This is because when only the token provides voting power/rights, which is very easy to buy and sell on exchanges, and staking reward is high, so it becomes too easy to buy votes. So how will you solve this problem in voting process after launch DAO?

Rj Firestarter: We tried to solve that too. By making $Fire scarce and allowing only 10 Eth max buy in the presale.

Q8 from Telegram User @Temptation_Provider

How dо yоu plan to crеate demand for yоur Firestarter NFTs in this cоmpetitive crypto space? What is yоur strategy for mass distribution of Firеstarter NFT?

Rj Firestarter: We plan to launch our NfTs every month. And the inclusion of our audience i.e. stars in general will create the hype much needed for this initiative. As we have discussed, we will be decentralized so You all will be the users and will guide us how to improve and make our interface more user friendly!!

Q9 from Telegram User @Jonahapagu

You plan that Holders of your NFTs can increase the rarity and value of their NFTs by following certain social tasks built in the app… the rarity of an NFT is mostly due to its limited supply and rarity will of course have an effect on the value of these NFT’s what I am curious to know is what kinds of social tasks users will be involving themselves in when this feature is launched to increase he rarity of their NFT’s.

Rj Firestarter: We needed to create a win mechanism for stars, what will they get. We came up with reach. so all our tasks will be to expand the reach of our NfTs while the stars will also be benefitted from this strategy. Join us on 14th on our TG, you will have a chance to participate in the auction.

Q10 from Telegram User @KASG95

How far will FireStater really climb? Or will you just seek to form an ecosystem with the sole function of sharing data in a reliable, secure and decentralized way?

Rj Firestarter: Stars!! 😊


PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Firestarter. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 400$ were distributed between the winners.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club

Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish

Telegram Channel: https://t.me/satoshi_club_channel

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Firestarter NFT $Fire 🚀: https://t.me/FirestarterNFT

Website: https://www.firestarternft.com/

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