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 HeliconNFT and our guest was @TimNFT – representative of HeliconNFT. The AMA took place on the 24th of November.

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

Jonah 🏅🎹 | Satoshi Club:
Dear Satoshiclubbers welcome to our AMA session with HeliconNFT

Our guest today is @TimNFT

Hello, @TimNFT welcome to Satoshi club 👏

Ron SwansBan:
Hey, everyone. Thanks for having me.

Jonah 🏅🎹 | Satoshi Club:
We are excited to have you here.
How are you doing today?

Ron SwansBan:
Things are pretty crazy at the moment, so my brain may very well be melting, but I’m always happy to get the opportunity to talk about heliconNFT

Jonah 🏅🎹 | Satoshi Club:
I’m sure you are super excited about this 😁

So let’s start our AMA 🚀

Ron SwansBan:
Ready when you are.

Jonah 🏅🎹 | Satoshi Club:
Can you tell us a little about yourself, your role in HeliconNFT, and how the project was started

Ron SwansBan:
Sure.

As you probably know by now, I’m Timothy, HeliconNFT’s Marketing Manager. One of my responsibilities is talking to the community, sharing our project, and hopefully growing our community in turn.

Jonah 🏅🎹 | Satoshi Club:
Once again Great to have you here Timothy 😊

Tell us a little about HeliconNFT what is the project all about?

Ron SwansBan:
Absolutely.

I think the best way to summarise what it is we’re doing is to say we’re building a platform that rewards gamers, creators & developers for investing their time & creativity.

How we do that is what makes us stand out.

I think we’re all familiar with NFTs & what they can do by now.

But the functionality we see the most value in is that authorship is made indelible by the blockchain.

Because authors of NFTs are always known, we can always reward the authors/creators a small portion of each transaction (a royalty).

Jonah 🏅🎹 | Satoshi Club:
And we will learn more about your unique ways.. 👍

Ron SwansBan:
What NFTs are they creating? Well, anything really.

Perhaps I should start by saying that we’re creating an NFT gaming and trading platform.

Through our Game Add-On System (AOS) API, developers can tokenize virtually any in-game asset, and empower gamers and creators to do the same.

The idea is a relatively simple one: games are awesome. They work great. We don’t want to change gaming. What we do believe needs changing, however, is the economy around games.

Jonah 🏅🎹 | Satoshi Club:
I agree with this.

Ron SwansBan:
So, we’re using NFTs to bridge centralized games with decentralized crypto wallets, thereby allowing gamers to still come together and play the same great games, but at the end of the day, your wallet isn’t tied to our platform. You can sell your assets or trade them, make some money and take it with you.

Jonah 🏅🎹 | Satoshi Club:
Awesome.

Ron SwansBan:
Why shouldn’t you, right.

If you’re a Dota player and you spend 3,000 hours in Dota, you’re bound to create a small collection of cosmetics.

Why shouldn’t you be able to sell them for real cash?

Now, you can.

Jonah 🏅🎹 | Satoshi Club:
This is an excellent initiative for all Gamers 👏

Ron SwansBan:
We’re doing it this way because we want gamers & creators (like modders) to be able to earn something for the time they invest, but we also want games to stay games.

That’s because there are an awful lot of terrible NFT games out there. We don’t want that.

Games first. NFTs second.

Jonah 🏅🎹 | Satoshi Club:
👍

Ron SwansBan:
Hopefully, that gives you a sense of what we’re doing.

Jonah 🏅🎹 | Satoshi Club:
Thank you for the introduction.

We’ve selected some questions from our community members, are you ready for them?

Ron SwansBan:
Yup. My body is ready.

Jonah 🏅🎹 | Satoshi Club:
Great

Q1 From Telegram user @Jmagsss

I’ve done my research and what I found interesting is that in Greece, there is a mountain called “Helicon”. Given that your project’s concept was inspired by Greek mythology, was this mountain the basis of your project name? Can you please discuss with us your project’s conceptualization stage and how did it become what it is today?

Ron SwansBan:
Great question; no wonder you picked it.

Jonah 🏅🎹 | Satoshi Club:
Oh yeah.. our members ask Great questions 😊

Ron SwansBan:
So, you’re exactly right. Our project is inspired by the Greece of old – not just mythology thought, but the culture that flourished.

The greeks were one of the first to take the marketplace (what was then a novel idea) and revolutionize it, to use it for the betterment of the community.

So, we named our marketplace Agora after the markets of Greece.

Of course, there are other links, like the use of a new market economy to empower individuals and the community at large.

And I’d be lying if we didn’t want to link some of the Greek Gods, badasses as they were, to the themes of our project.

That’s where the idea for our project started. We knew we wanted to do something with NFTs, but we didn’t just want to make some shiny jpg and then be on our merry way.

Jonah 🏅🎹 | Satoshi Club:
So what Greek gods have you featured in your project?

Ron SwansBan:
For one, our 9 liquidity pools are named after the 9 muses of Greek mythology, for all intents and purposes, the gods of art and culture.

So, our liquidity pools are named: Calliope, Clio, Erato, Euterpe, Melpomene, Polyhymnia, Terpsichore, Thalia, and Urania.

Jonah 🏅🎹 | Satoshi Club:
So this is more like the Greek Kingdom 😉

Ron SwansBan:
Our Discord bot (discord.gg/heliconnft) for another, is called Hermes after the messenger god.

And we’re actually building a game in-house that takes the theme of Greek mythology and really runs with it.

Jonah 🏅🎹 | Satoshi Club:
Thank you for your Clear answers

Ron SwansBan:
Sure.

Jonah 🏅🎹 | Satoshi Club:
Ready for the next question?

Ron SwansBan:
Yup

Q2 from Telegram user @Highpee

You are currently cooking up a game which you call HELICON TITAN. Helicon Titan will be a metaverse game where players will be able to collectively join participatory virtual activities. I will like to know the gaming strategy and scope of Helicon Titan. How will players battle old gods in order to emerge as new champions of the new world? What will be the role of HeliconNFT Token in this game since Helicon Titan will come with its own game token? How will players tokenize their battle-tested reward, game cosmetics, and asset possession outside of this game in order to recover time and money spent during the game? When will these games be available to play and what are will be needed to join?

Ron SwansBan:
Another great question.

Helicon Titan is currently an open, evolving world where players can partake in virtual activities together. Helicon titan will be a metaverse game that utilizes the full capability of our Helicon ecosystem. As a result:

• Players can participate in virtual arena combat where they fight against
  old gods to become champions of the new world
• Players develop their avatars through equipping armor and weapons (NFTs), learning new skills, and enhancing their abilities and power
• Helicon Titan will utilize its own in-game token (Hgold)
• Game items (your NFTs) can be worn out but also repaired using Hgold
• Without proper care, your NFTs can be destroyed, but careful use and leveling up can result in very rare weapons

For the moment, I can’t share too much about the in-game play, but weapons and armor will be one of the most fundamental aspects of your hero’s strength, and that can be tokenized. And because your items can break if not careful, the ones refined from hundreds of hours of play and that bear all the characteristics of the player who crafted it will carry a lot of value.

Jonah 🏅🎹 | Satoshi Club:
What kinds of in-game activities will Hgold be used for? And will it have relevance outside the platform?

Ron SwansBan:
The reason we created Hgold is simple: we don’t want to punish players for playing our game.

Jonah 🏅🎹 | Satoshi Club:
This is understandable

Ron SwansBan:
Hgold is entirely in-game. It’s got no cap on how much can be minted, but that’s not really relevant because it’s only used in-game. However, there will be scarcity as only so much will be minted each day.

You use your Hgold to repair and upgrade your NFTs.

We couldn’t justify asking players to spend their HDT (which is hard-earned money) on repairing NFTs that could very well break.

HDT underpins the market, but it shouldn’t decide who can and can’t play a game.

Jonah 🏅🎹 | Satoshi Club:
Great Job

Thank you for you answer

Ready for next question?

Ron SwansBan:
Yup.

Q3 From Telegram user @iceVermithraxx

In order to facilitate future development and provide a good development environment for developers all over the world, Helicon adopts a layered design that consists of 5 layers; Data layer, Transport layer, Consensus layer, Cross-chain layer, and Application layer. Can you elaborate more on each of these layers and their features? What are the effects of each of these layers on the Helicon ecosystem?

Ron SwansBan:
Thanks for the question.

The idea is that by separating the various elements of our ecosystem into modular components, we can make necessary improvements and changes to one layer without negatively disrupting the others.

If we’ve learned anything from the many cryptocurrencies out there, it’s failing to prepare for future innovation can be a death knell.

Jonah 🏅🎹 | Satoshi Club:
A great Idea especially for times when there are technical issues to resolve

Ron SwansBan:
Here’s a simple explanation for each layer:

Jonah 🏅🎹 | Satoshi Club:
I totally agree

Ron SwansBan:

• Data layer: This layer is effectively the base kernel for our platform. It’s the core functionality that defines the platform, its functionality, capacity, smart contract mechanisms, etc.
• Transport layer: This is our P2P network protocols and algorithms used for important network connectivity, security, and general interoperability between the different systems and decentralized elements.
• Consensus layer: the consensus algorithm is part of the magic of blockchain. It basically just ensures the digital ledger in the sky remains valid.
• Cross-chain layer: This layer is how we ensure our tokens & any other currencies necessary for liquidity or exchange can move around the system.
• Application layer: This is where the fun happens. It’s the layer where dapps and games live.

Hope that helps.

Jonah 🏅🎹 | Satoshi Club:
Yes, it definitely does. Thank you for your answers.

Ready now for next question?

Ron SwansBan:
Hit me.

Q4 from Telegram User @MudaraSilva

I noticed that there are 9 Master NFTs on your platform and holders of those NFTs can enjoy incredible earning power and benefits. What do you mean by this “earning power”? What type of opportunities will be available for them? What are the aforesaid “benefits”? Moreover, what are the methods of obtaining these Master NFTs? Are they available to be purchased? Is their price higher than the other NFTs? When you offer this type of benefit for Master NFT holders, what are the privileges that will be offered for normal NFT holders?

Ron SwansBan:
Master NFTs are an important element of our economy and are designed entirely to improve the overall liquidity of the system.

The idea is to ensure there is always a sufficient volume of HDT & USDT in the system to ensure there are always buyers for NFTs.

You can think of our 9 Master NFTs as governors over our 9 liquidity pools.

By owning a Master NFT, you are rewarded 1% of all sales revenue & 5% of all staking revenue that occurs in your relevant liquidity pool.

However, you can only own a Master NFT for 24 hours, after which it is returned to the market for new bidders.

We do this to prevent monopoly over the Master NFTs, and by releasing an owner’s rewards over 9 days, we ensure there is always liquidity in the system.

The second part of this is staking.

Staking of course also provides liquidity, so we reward it.

By staking the pair HDT + USDT, you earn liquidity pool tokens (LP).

LP is the only way to purchase a Master NFT.

Jonah 🏅🎹 | Satoshi Club:
Does this mean there will be no addition to these 9 master NFT’s in the future?

Ron SwansBan:
That means you must have staked for sufficient enough time or with enough quantity of HDT & USDT to accrue the LP you need to purchase a Master NFT.

Ron SwansBan:
For those not intending to purchase a Master NFT, you can re-stake your LP to earn HDT.

Jonah 🏅🎹 | Satoshi Club:
Still a great way to earn more HDT

Ron SwansBan:
There will always only be 9 Master NFTs, as each coincides and governs over one of our liquidity pools. However, the value of the Master NFTs will continue to increase over time.

Our smart contract will use a linear pricing model to continually increase the price of the Master NFTs over time.

Jonah 🏅🎹 | Satoshi Club:
Alright.. this is clear to me.

Ron SwansBan:
Awesome.

Jonah 🏅🎹 | Satoshi Club:
I believe it is for our members too

Ready for next question?

Ron SwansBan:
Yup.

Jonah 🏅🎹 | Satoshi Club:
Great

Q5 from Telegram User @meml97

While reading about HeliconNFT it caught my attention that Helicon Ecosystem has created a unique economic model that can empower liquidity. So, can you tell us more about this unique economic model that you’ve created? What kind of features does this economic model have to consider it so unique? Why did you decide to create your own economic model? Is based on any other economic model that we know or did you create it from scratch? What kind of problems are you trying to solve with it that other kinds of models couldn’t help you solve? Also, it is said that this economic model will help you empower liquidity, how will that be possible, and in what way will this model allow you to do so?

Ron SwansBan:
Fortunately, a lot of these questions were answered in the previous question. Our model uses the combination of Master NFTs, multiple liquidity pools, and a smart yield aggregator to ensure liquidity created from each of the 9 pools is proportionate to their use.

Though, there are a couple of other things I could quickly mention.

Jonah 🏅🎹 | Satoshi Club:
Do you have a list of these 9 pools to share with us?

Ron SwansBan:
In fact, I mentioned them before. They’re named after the 9 muses: Calliope, Clio, Erato, Euterpe, Melpomene, Polyhymnia, Terpsichore, Thalia, and Urania.

They’ll be hosted by Uniswap, which is where staking will take place.

Jonah 🏅🎹 | Satoshi Club:
Great.

Ron SwansBan:
To answer the last element of the question: yes. We felt like other models in the NFT marketplace space were insufficient.

I’m sure you’ve noticed on virtually any NFT marketplace that there are a lot more sellers than buyers and not enough liquidity to go around.

That’s what we’re trying to address.

Jonah 🏅🎹 | Satoshi Club:
Is staking already live?

Ron SwansBan:
Not yet. You can get a full breakdown of our roadmap on our homepage (https://www.heliconnft.com/#Roadmap), but to answer the question: our liquidity pools and the initial marketplace should be going live in Q1 of next year.

So, not that far off.

Jonah 🏅🎹 | Satoshi Club:
Yeah a few months away.

Thank you for your answer.

Ready for the last question.

Ron SwansBan:
👍

Q6 from Telegram User @Ajpaa

One of the core features of Agora in your ecosystem is Add-on System(AOS) which bridges the gap between Centralized games and Decentralized NFTs. How’s AOS implemented in your ecosystem? What benefits/opportunities does AOS brings to your ecosystem, game companies, and gamers generally by bridging the gap between Centralized games and Decentralized NFTs? Thank you.

Jonah 🏅🎹 | Satoshi Club:
You spoke about this.

@TimNFT 👀

Ron SwansBan:
Apologies. I assumed we were opening the chat as I had effectively answered Q6 earlier

Jonah 🏅🎹 | Satoshi Club:
Oh alright.. do you have anything to add then.

Ron SwansBan:
Not just yet, but we will be sharing more about AOS in the coming months, certainly before launch. Your best bet would be to check out the latest updates and news at discord.gg/heliconnft

Jonah 🏅🎹 | Satoshi Club:
Thank you for your answers in this first part of our AMA

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Rakshhitx5
Can you tell me how can I join the Helicon NFT whitelist?

Ron SwansBan:
That’s an easy one. Anyone who wants to register for our NFT mystery box event simply needs to visit mystery.heliconnft.com and complete the steps. Once complete, bam, you’re ready to go.

Q2 from Telegram user @KevSalom
You mention the need to change the current economics surrounding many of our favorite gaming platforms. Why is it important to change it? What will we achieve with this change? What proposal does HeliconNFT have regarding a new economic system?

Ron SwansBan:
Kevin, you’re might sort of dude.

The issue we have is with the way certain parts of the gaming ecosystem are far more rewarding than others, almost unfairly so.

Take modders for example. If you’ve ever been on Nexus Mods, you know just how passionate modders can be. Just think about every mod for an Elder Scrolls game and what went into playing it.

Unfortunately, as things currently stand, it’s very hard for those modders to generate a revenue stream, which means worry about work on top of the time invested in mods.

At the moment, there are 3 ways modders can earn revenue:

• Donations
• Selling their mods
• Partnering with publishers to include mods as part of the game ecosystem

The first two are very hard to pull off for most.

The third one is how we get Bethesda’s modders club abomination.

With a platform like HeliconNFTs, mods don’t need to change. Games don’t need to change. The difference is modders can earn revenue off the exchange of their mod (tokenized as an NFT).

I’ll conclude by saying this: by 2025, in-game transactions will be worth about $75 billion.

That’s not going to change anytime soon. But, what we can do is put some of that money back in the hands of creators and gamers.

Hope that helps.

Q3 from Telegram user @MOONB0Y
Are you guys considering adding different tournaments for players to compete with each other for different rewards ??

Ron SwansBan:
You bet we are. We may even be looking at putting together our own esports team and casters. Nudge, nudge, wink, wink.

In fact, we’re currently running a tournament cup with our partners at Battlefy for anyone who would like to join: https://battlefy.com/heliconnft

For the moment, the games aren’t NFT games, but they’re still fun and ultimately we just want to reward gamers however we can.

Q4 from Telegram user @NAZMP2
What is your “Royalty Program” and how does it work? What benefits may we obtain from it?

Ron SwansBan:
Our royalty program is an automated component of our marketplace. Essentially, we use the blockchain to recall the original author of every NFT and use that to reward a small royalty (a few percent) to the creators of those NFTs, and anyone can do it. That same program also enables us to provide a small royalty from each transaction to the developers, so they can make their money back from the transaction between gamers rather than having to create bloated microtransaction elements.

Q5 from Telegram user @soyestefanya
How can it become a global project? How are you working to reach a higher level of customers and how is current marketing going?

Ron SwansBan:
We’re already effectively a global project. In fact, we have team members in the US, UK, UAE, Australia & the Philippines, and virtually every team consists of multiple ethnicities & cultures. I, myself, am from South Africa, and in just our team, we have people hailing from Mexico, Italy, Georgia, the UK, Canada, China and so much more.

Marketing is going great because I get to chat with communities like yours. We’ve got so much on the cusp of being announced that I can’t wait to share more.

In fact, we’ll be hosting a Blockchain World expo in Abu Dhabi (Dec 15-17), the most ambitious in the region by far. That and our mystery box event (mystery.heliconnft.com) is next for us.

Q6 from Telegram user @meml97
I saw on your website that we can join a whitelist for a “Mistery Box” event, and to join we just need to follow some simple steps that I just did. But I was wondering, what is this Mistery Box Whitelist that I just signed for about? How many people from this whitelist will be able to receive their mystery boxes and what will potentially be inside each one of them? What kind of items will we be able to receive from these boxes? Also, what will we be able to do with said items from these mystery boxes? When will this Mistery Box event end and when will the winners get their prizes from it?

Ron SwansBan:
Our mystery box event is your first opportunity to get involved in our ecosystem. By registering for our whitelist, you will not only be one of the first to receive our updates but you will qualify for our NFT event in mid-December.

Participants will each receive an NFT mystery box that contains an in-game item or collectible card NFT of varying rarities. They will eventually be useable in our platform upon launch – either to sell or use in-game.

We will announce closer to the time how our event will work, so please stay tuned.

Q7 from Telegram user @MdLuffyo
How will people be able to print NFT on the Helicon platform? What requirements must be met in order to print NFT?

Ron SwansBan:
The only requirement is that you be a part of our system and have HDT available. Transactional costs for minting are small, however, thanks to Ethereum layer 2.

Our AOS API enables developers to nominate the elements of their game they want to allow tokenization of. That same API lets players then mint their in-game items into NFTs.

It will vary from game to game, but it will be open to anyone playing.

Q8 from Telegram user @surendra040
What is your priority first game or NFT? HOW WILL your game be different than others and attract investors who are nongamers?

Ron SwansBan:
Our priority is games first then NFTs. That’s because NFTs are the vehicle by which we empower gamers, creators & developers. They how our community extract value and reward from their time and creativity.

I genuinely believe there is a game for everyone, so I think everyone will find a place with us. Not all games are FPS acid trips. Some are casual farming sims or puzzle games. Simply by taking part, you can earn, but of course, you can avoid gaming altogether and simply be a collector or trader.

And our games will be different because they will be fun. I’m sorry to say but 99.99% of NFT games are awful. Other NFT platforms are focusing on finding ways to make NFTs into games themselves. More power to them.

But what we want is not a basic NFT card game that costs $1000 to get into. What we want is the equivalent of League of Legends. Free for anyone to start playing, and the NFTs will be the cosmetics and trophies.

Pay to win in any form, NFTs or not, is a lost cause.

Q9 from Telegram user @CriyptoSky
Please, in your Roadmap, can you shed more light on the HelicoNFT Bounty program, it would be great if we could get to know more about that. Thank you.

Ron SwansBan:
We’ll definitely be revealing more about our bounty program soon, but for now, all you need to know is that the more you participate in our ecosystem, the more you socialize and contribute reviews, guides, and more, the more you will be rewarded.

In fact, we have a reward program for just that. So, definitely keep your eyes out for more.

Q10 from Telegram user @Indomiekuy
HeliconNFT has its own token $HDT, could you share here information on where to buy/get the $HDT token? Do you have a Presale event for HeliconNFT?

Ron SwansBan:
Great question. We will be running a presale early next year, as well as listing HDT. But, remember you can also earn HDT through staking.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of HeliconNFT. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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