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 Infinite Launch and our guests were @mylovo90, and @Joyce_Nguyen000 – representatives of Infinite Launch. The AMA took place on the 29th of October.
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
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Infinite
Launch! Welcome to Satoshi Club😀
D. | Satoshi Club:
Today our guests – @mylovo90 and @Joyce_Nguyen000!
Hello and welcome!
Joyce:
Hello everyone.
Great to be here with you guys today.
Mary | Satoshi Club:
And we are happy to see you here as well 👍
How are you today?😀
Joyce:
Can’t be better. So excited for our AMA.
D. | Satoshi Club:
Nice! so let’s begin then 😇
Mary | Satoshi Club:
Then let’s start it🚀
Joyce:
Let’s roll.
Mary | Satoshi Club:
Could you please introduce yourself and tell us more about Infinite Launch 🚀
Bang Mai:
Hello, everyone, I and @Joyce will join you guys today.
Joyce:
I’m Joyce: a passionate community builder with 2 years of experience in the crypto field. Throughout my crypto journey, I take the responsibility of community building and management for a variety of multinational blockchain projects. With Infinite Launch, I will rocket our community to infinity and beyond!
Mary | Satoshi Club:
Awesome, community plays important role in project’s success 👏
Bang Mai:
Hello everyone! My name’s Bang. I am in charge of the marketing & growth
hacking department at Infinite Launch.
I’m very glad to be here today and share with you guys some special news about our project
Mary | Satoshi Club:
Happy to e-meet you! Really important and one of the key positions👍
Bang Mai:
Infinite Launch is a launchpad combined with NFT Platform, providing quality
projects including Defi and Gamefi, some key features of Infinite Launch can be
mentioned as:
- Tier System helps holders get different benefits such as early access to good projects launched on Infinite Launch or free NFT airdrop
- Farm and Staking receive ILA and NFTs for Holders
- Join Gamefi games or NFT project directly developed by Infinite launch’s team
- Trading NFTs on our NFT Marketplace
In particular, Infinite Launch develops based on 2 factors
- Onboard new quality IDO project
- NFT market place
Therefore, Infinite Launch’s revenue is not dependent on the project. There is also revenue from trading NFT. Owning Infinite Launch’s NFT will receive benefits such as:
- Get early access to projects IDO on Infinite Launch
- Bonus %APR when staked $ILA token on IFL platform
- NFT/artwork airdrop
- Exclusive tokens airdrop
About artist on Infinite launch, now we not only approaches famous artists but also some non-NFT famous artists who haven’t known about NFT before, this strategy will make our NFT marketplace become more diverse and can attract both crypto & non-crypto users.
Mary | Satoshi Club:
Could you tell us more about the team behind Infinite Launch project? How long were you working on it?
Bang Mai:
Yes sure.
In short, Infinite Launch is a multi-chain launchpad plus NFT Creators marketplace. And currently, focus on game-fi and NFT metaverse projects. Secured by smart contracts and powered by the ILA token.
Our project covers a variety of products, and the team is growing up day by day. Our team is currently divided into 2 main departments:
- Dev & Chain: 7 members, who have been spending their recent years building DeFi products, from diverse backgrounds. As the project progresses, team expansion is a MUST, to make sure we can keep up with the usage and ensure the best users’ experience.
- Growth team: 7 members, including 1 growth lead & 1 social team. We allocated 4 members to take care of the community, cause members are the heart of our operation.
- Our Founder/CEO is David Nguyen, who has 12 years of experience in software development & 8 years in Blockchain Engineering. He has successfully built Incognito Privacy Blockchain from scratch to a private network with the most validators all around the world.
You can check our team profile on the website of Infinite Launch: https://infinitelaunch.io/
D. | Satoshi Club:
Awesome! thank you 🙏
Mary | Satoshi Club:
Sure😀 Thank you! Big and experienced team!
And as we all want to dive deeper into the details of Infinite Launch we choose 6 questions from our community for the first part of our AMA 😀
Are you ready to start?
Joyce:
Yeah sure. Feel free to drop those on us.
Q1 from Telegram user @Asela1112
ILA whitelist was closed on 23rd of October by providing 400 whitelist slots for the community members for their early support in Infinite launch platform to participate in an upcoming private sale by the start of November month & maximum allocation per one member is 300 BUSD. How was this whitelist slot competition ongoing, was it successful? Did you select the members according to the First come, First serve method? And also provide necessary details of Your upcoming Private sale? Who will be there in addition to 400 lucky members? How much funds do you hope to raise through this private sale?
Bang Mai:
Our $ILA token private sale just finish the whitelisting phase and will be
conducted on 5th November, then will be public sale and listing later, we
expect to list our $ILA token on exchange from the third week of November
During the private sale period, we have achieved many precious milestones such as:
- We received above 12000 form registrations to join the private sale whitelist
- Our community is growing bigger day by day with 42k+ twitter members, 47k+ telegram members, 26k+ discord members up to now
- We are planning a big marketing campaign with a lot of Youtubers and Artists around the world to prepare for the launch of the NFT collection this 31st October and public sale later
Honestly, fundraising is not our main goal for this private sale, because we already have a lot of VCs & big Influencers support the funds, but we want to focus on the key objective: to give these 400 private sale slots to those community members who support us since the start.
And like the previous private sale round, the public sale this time we will give priority slot for some key active members first and then will choose random through applications on our website. Specific instructions for this public sale will be announced soon.
D. | Satoshi Club:
Are you collecting funds in BUSD, that’s mean your platform is operating on BSC? can you tell the reasons, why you picked this chain for building?
Bang Mai:
Yes.
We choose BSC first for our project because
- Low gas fee
- Fast transaction time
- Compatibility with popular crypto wallets, such as Trust Wallet and MetaMask so that we easy approach the majority of users
In Q4 2021 we will integrate more blockchain networks including Polkadot, Matic, Solana và Avax. Therefore, we can approach more investors and potential projects to help them catch the trends and also help Infinite launch grow up more together.
Mary | Satoshi Club:
👍
D. | Satoshi Club:
Nice! so more chain integrations are just around the corner 👍
Bang Mai:
And as you can see yesterday we have a new website, and we have already finished integration Ethereum chain.
And more chains will be deployed soon
👍
Mary | Satoshi Club:
Thank you for your answers! Ready to proceed?🚀
Bang Mai:
Yah.
D. | Satoshi Club:
Let’s go!🚀
Q2 from Telegram user @chinyere2020
I learned that Infinite Launch is a launchpad combined with NFT platform, providing quality projects including DeFi and Gamefi. What are some of the key features of Infinite Launch? What are the advantages of using Infinite Launch over other launchpads or NFT marketplace?
Joyce:
Infinite Launch is a launchpad combined with NFT Platform, providing quality projects including Defi and Gamefi, some key features of Infinite Launch can be mentioned as:
- Tier System helps holders get different benefits such as early access to good projects launched on Infinite Launch or free NFT airdrop
- Farm and Staking receive token and NFTs for Holders
- Join Gamefi games or NFT project directly developed by Infinite launch’s team in the future
- Trading NFTs on our NFT Marketplace
- We give more use cases to our NFTs, make it more than just a jpeg
Mary | Satoshi Club:
Which use cases will your NFTs have?
D. | Satoshi Club:
If some project wants to conduct a launch on your platform, what steps should the project’s team make to work with you?
Joyce:
Owning Infinite Launch’s NFT you will receive benefits such as:
- Get early access to projects IDO on Infinite Launch
- Bonus %APR when staked $ILA token on IFL platform
- NFT/artwork airdrop
- Exclusive tokens airdrop
Mary | Satoshi Club:
Wow, it’s attractive 😃
Joyce:
Well we have our own There are many factors we use to onboard projects, 2 of which we believe are much more important:
1/ If the team has a solid team behind, with transparent background & searchable on social networks.
2/ If the team has a real working product behind or just some vague plan far into the future.
If they satisfy either of the above, they are good to go. As for other factors such as Tokenomics, roadmap, we can advise & support them to make sure they are solid before listing on Infinite Launch.
D. | Satoshi Club:
Got it! appreciate for answer😊 ready for the next question?
Mary | Satoshi Club:
👀
Joyce:
In the upcoming future, we will have voting & governance functions. Those features will grant our community the right to vote for the projects they want to onboard on our platform. Moreover, we will also have our nominee lists to let the community pick and decide which project is better or not.
D. | Satoshi Club:
It would be a cool feature.
Joyce:
Stay tuned and keep yourselves updated everyone. A lot to expect from us.
Bang Mai:
👌
D. | Satoshi Club:
Thanks for answers! let’s proceed to the next question😊
Q3 from Telegram user @Cheriemike
In your former platform IDO Launcher, you aimed to provide Fixed Swap Pools in your Launchpad for the community. My question is, does this feature still apply to your present launchpad? If yes, why use a fixed swap pool, and what problem will it solve on your launchpad? With fixed swap pools can projects set additional parameters to gain more control over their fundraising, like controlling the maximum investment per user or the number of investors allowed in the pool? And what are the benefits of a fixed swap? Thanks.
Joyce:
Yes. We still apply this feature in our present launchpad.
The reason to choose Fixed Swap Pool is that we can ensure flexibility in creating different pools to meet the various needs of different investors. This function will guarantee benefits for all investors who can access the pool.
Control the maximum investment per user or the number of investors allowed in the pool also benefits our project in the long run, this helps us decentralize the numbers of holders, which means there will be no holder who has a large number of tokens and has control over the pricing of $ILA.
Mary | Satoshi Club:
How users can get access to this pool?
D. | Satoshi Club:
Nice! anti-whale mechanism 👀
Bang Mai:
we not only just have a fixed swap pool, but more unique pools will also come in the near future, which will benefit NFT holders on our platform.
Joyce:
That completely depends on the projects and the pool as well. There will be public pools, private pools, and also pools that users need to be whitelisted in order to join the IDO.
Mary | Satoshi Club:
Gotcha 👍
Thank you for your answers! Ready to go to the next question?😃
Bang Mai:
Yes.
Joyce:
Sure thing.
D. | Satoshi Club:
🚀🚀🚀
Q4 from Telegram user @Pavel_Jarosh
Please share details regarding the Infinite NFT program. What is the heart of your NFTs? What additional advantages does NFT Whale Club bring to its members? At what stage is NFT marketplace development initiative? Please also talk about monthly NFT distributions from leading artists. Thank you!
Joyce:
The heart of our NFTs comes from two things:
- Our platform focus on partners with famous traditional artists who are not yet familiar with NFT and supports them to list their artworks. To reach out to their community and convert them to NFTs enthusiasts.
- Owning NFTs on Infinite Launch does not limit holders on selling or buying NFTs on the marketplace only. NFTs holders can have lucky tickets to join IDO for upcoming projects listed on our platform.
Mary | Satoshi Club:
Nice trick🤣 more mass adoption)
D. | Satoshi Club:
Infinite Launch has its own NFT collection already?
Joyce:
Actually, we do😉
D. | Satoshi Club:
Can you share with us, how are they look like? 😊
Joyce:
🎃 On this 31st October We will launch our first NFTs collection – Bony
Bastards on Halloween.
🎃 Be a part of the Bony Bastard, you can have many benefits:
- Get early access to 3 upcoming projects IDO in November on our platform
- Bonus %APR when staked $ILA token on Infinite Launch
- Holders of Bony will get free tokens & merchandise airdrop from our partners and our treasury funds
So don’t miss it & make sure you follow our community here:
https://infinitelaunch.io/nfts/collections/skeletons
D. | Satoshi Club:
Awesome! nice skeletons 🙌
Bang Mai:
Users also can create their proposal about their own NFTs project, mint & sell them on our platform later as long as they get more than 50% agreement votes from members of our NFT Whale Club
We also have Henry Van in our team, he has a lot of experience in Celebrity and influencers, he worked in the Warner Music group and has a good connection with many big famous artists all over the world like Charlie Puth, Justin Beiber, Dua Lipa, and in Vietnam we have Binz, Suboi, ….and many more, so that our team believes that we will soon onboard many big artists to deliver the best NFTs project to the community.
Mary | Satoshi Club:
Ahaha, I like your sceletons😍😍😍
Joyce:
Well, let me give you a sneak peek of what we’re doing.
Mary | Satoshi Club:
Satoshiclubbers, nice opportunity 😉
Thank you for your answers! Ready to jump to the next question?🚀
Joyce:
Yup. Let’s move on.
D. | Satoshi Club:
A nice present to Halloween for all NFT lovers 👏
Q5 from Telegram user @Jamesxmen
In near future, You will integrate a stake & farming pool in a way of a lot of currencies can be invested as user’s preferable such as BNB, SHIB, DOGE, XRP, etc… So can you tell me how many currencies will you deploy in Staking & Farming pools? Will there be single assets staking or Pair assets staking? How about the APRs of those staking & farming protocols? Some projects promise that the users will be able to unstake their investment at any time but after users invest their money, they will lock them & the transparency will drop down to zero by creating an uncertain situation in the user’s mind. Will users be able to unstake their investment any time in your staking & farming pools?
Joyce:
Our platform will offer both single assets staking and pair assets staking. There are 3 ways to stake:
- Stake ILA-BNB LP to earn $ILA.
- Stake NFT to earn $ILA
- Stake $ILA to earn others Gamefi token
D. | Satoshi Club:
How people will be able to earn tokens by staking NFT, could you elaborate more about this? there will be different NFTs with different yield power?
Bang Mai:
There will be many types of pools. Some pools will enable you to unstake anytime without losing your earn. Some pools will not allow unstake at any time as we need to control the commitment as well as guarantee to upgrade tier when staking. We will highlight the rule when staking in each pool to ensure transparency. Hence, we encourage users to read the rule carefully before making any decisions.
Mary | Satoshi Club:
When approximately these pools will go live?
Joyce:
For the rewards in Staking and Farming pools, we will be using some other
trendy tokens. At that time, we and our projects partners will be able to
receive the best marketing benefits . Imagine you can stake ILA to earn SOL or
earn SHIB, it will give superb marketing effect for the project
D. | Satoshi Club:
That’s right.
Bang Mai:
Yes we will launch NFT staking function in November
Mary | Satoshi Club:
Thank you for your answers! Ready for the 6th and last question from this part?🔥
Bang Mai:
And different NFTs will give different yield power, based on the rewards pool that comes from the sale funds of each project. For Skeleton Bony Bastard Collection, we will have 70% of our sales will directly go to the treasury: a part of them will be used to buy back & burn the main token $ILA in the future, and the rest will be used to bring more NFTs drop & rewards in token yield back to Bony Bastards Holders.
30% will be paid for artist, operation & marketing funds
You could check it from our smart contract when we finish the sale!
D. | Satoshi Club:
Nice, i like it 🙌
Q6 from Telegram User @victorogb
The Infinite Launch roadmap outlines an expected Public sale and listing on Pancakeswap, Coinmarketcap, Coingecko, Blockfolio, and a host of other sites, all within this quarter of 2021. These plans aptly signify an official launch of your token, products, and services to the public. On the heels of this info., can you let us in on the current situation with these plans, what is the state of your applications to these sites, and what dates should we expect possible announcements for listings? Also, I noticed a planned implementation of KYC tools and Liquidity locker in Q1 2022. Can you give a brief description of this, how would it be beneficial?
Joyce:
Up until now, we have achieved so much along the way, we proudly say that all of our milestones have been conquered much faster than the expectation, even than what is listed on our roadmap. That was because of the team’s hard work and of course, the love and support of our community as well.
D. | Satoshi Club:
Thank you guys for the great first part of this AMA! 🙌
Mary | Satoshi Club:
Thank you for this first part guys! Now we came close to the next – live part
of our AMA 🚀
Joyce:
As Mr.Bang @maibang2022 mentioned above, we’re going to list our project in DEX
exchanges around the third week of November. For that reason, we’re now doing
our best to push our marketing intensively in this time period. There’s no
doubt that our very first NFT project – Bony Bastard – will be a giant BOMB on
31st and the success of Infinite Launch IDO is completely ensured.
About KYC functions, our team is working as hard as they can to make sure that we can deliver it this month. This means 3 months earlier compared to our roadmap.
And yeah along with the newest version of our website, all the information included roadmap will be updated as well.
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Ratash97
You said that everybody has a chance to join accordingly based on their tier what is the difference between these tiers and are there any requirements to be on the highest one?
Joyce:
Different tiers mean different amounts of ILAs a user holds.
The more you stake our ILAs, the better benefit you receive from us – that’s for sure. You can visit our website to have a clear picture about the distinguishing among those tiers. And we’re gonna also publish our medium article to guide our users through this.
Q2 from Telegram user @nitrogenpower
Could you please give me a reason to buy and hold Infinite Launch token while thinking of it as a long-term investment and convince me to hold it for a long time?
Bang Mai:
We already plan many ideas for increasing $ILA value
First, $ILA token supply is fixed from the beginning, no more will be mint in the future
Second, In every transaction, 1% will be burnt and 2% will be added to NFT reward pools, which will be rewarded back to our NFT holders
Third, the funds from NFT collection sale will be used to buy back & burn $ILA in the future, example 70% of funds from Skeleton Collection will be given benefits back to the community
We already lock up & vest 10% – 30% at TGE in seed sales and private sales accordingly to reduce the selling pressure while we continue to build & enhance our token utilities, to benefit our investors the most in long term.
In long term, when we have more projects, holders must hold more token to join our IDOs, price is likely going up because our token supply decreases due to token burn, while benefits and value delivered for holders will always increase because we bring more quality projects, better quality NFT collections to users.
Q3 from Telegram user @highpee
You have announced the BONY BASTARD HALLOWEEN event that is expected to take place on the 31st of October. How can we be part of this Bony Halloween event? Have you released the procedure? Do you have any event links and are there forms to fill?
Joyce:
To be part of this Bony Halloween event, you can wait for the sales of this NFTs collection to happen on 31st October.
The procedure is as follow:
- There will be 8,888 unique NFTs created from 52 different traits.
- Bony Bastards NFTs will be sold on a first-come-first-served basis.
- Each NFT will cost 0.1 BNB per mint. Each wallet address can hold up to a max of 10 NFTs.
- Each Bony Bastards NFT will represent one lucky draw ticket to join IDO of top-notch projects listed on Infinite Launch, offer higher APR for staking, receive future NFT drops & more.
You can visit our website to find out more: https://infinitelaunch.io/nfts/collections/skeletons
Q4 from Telegram user @doithay1617
Fair & Square is one of the outstanding features of Infinite Launch. So will it rely on FCFS or Tier to decide?
Joyce:
All the IDOs will be organized based on the First Come First Serve basis and absolutely the tier of each individual.
However, we always strive to deliver the best fairest playground for our community. You can expect to know about all the details on our upcoming Medium article.
Q5 from Telegram user @highpee
Your platform will serve as a multi-chain launchpad plus NFT CREATORS MARKETPLACE. Does it mean that you will have the features that artists can use to mint their own NFTs directly on your platform or you are going to serve as a platform that artists can use to sell NFT to fans?
Joyce:
Actually, we have both of those features.
Not only do we onboard and help notable traditional artists to publish and sell their NFTs, but we also possess features so everyone can list and mint their art directly, proactively on our NFT marketplace, just like OpenSea and Rarible.
Q6 from Telegram user @Karoceh
You mentioned approaching non-NFT famous artists. Do you have certain standards regarding the famous artist category? And can artists from any country be included?
Joyce:
There are 2 most important criteria we use for onboarding artists:
- Artwork quality
- Community size
Besides we also target artists with great stories to share, from any country in the world.
Q7 from Telegram user @Kabirkapoor9
How many official Infinite launch NFTs are in circulation for trading purposes? Can we purchase them through the secondary market or only from your specified source?
Bang Mai:
Currently, there will be 8,888 NFTs, which will be launched under the name Bony Bastards collection on 31st Oct. After the launch of 1st collection, our NFT marketplace will be available on the 1st week of November.
Then, you can trade it freely on this marketplace. But many people will hold it to join our 3 upcoming gamefi IDO. You can find more about this collection here: https://infinitelaunch.io/nfts/collections/skeletons
Moreover, there are some giveaway events to receive NFT drop from famous artists around the world. Following our social media channel to join the event.
Q8 from Telegram user @ItsMelissa3
You mention that the listed NFT projects will be hand-picked by your board of members. This is very important. How many people currently make up the board of members? How were the members of the board of members selected? What aspects are evaluated to select the NFT projects? How does Infinite launch ensure that the selected project has real investment potential for its community members?
Joyce:
We have really high caliber core team members who have years of working, expertizing in Crypto Space. With their experience and profession, we believe that they can assure the most reliable assessment.
Furthermore, we also work closely with advisors from the biggest NFT platforms in the world. Our partnership announcement will be published real soon to our community. Keep yourselves, updated guys, since you don’t want to miss this news.
Your concern about the quality of the projects is completely understandable. In our belief, our community has its own judgment about the hidden gems that will be listed on Infinite Launch, and to be honest no one is 100% sure about how much a project can succeed. But as far as we can do, we will strive our best in terms of marketing and partnership so our members can get their hands to the most potential gems in the market.
Q9 from Telegram user @cenkkargin0666
What are you doing to build trust in your project and protect your community? Have you done an AUDIT or do you have an AUDIT plan? Is your team experienced in security, can they contribute to your project in security?
Bang Mai:
Currently, our team is conducting an audit of our new smart contract with a legit audit partner and will be announcing it before the private sale.
Of course, I know that no project is perfect and the smart contract is always updated in phases, so at every release stage of important products, we will conduct another audit before pushing it live to the community.
Q10 from Telegram user @Asela1112
In which manner will the ownership & royalty be involved when trading NFTs in Infinite Launch platform? Will there be copy-right issues if someone copied & imitated others’ artworks?
Joyce:
At this moment, with our very first NFT projects – Bony Bastard, besides 8888 NFT Skeleton, all the arts from our artists will be verified and minted in Bony Bastard’s contract. That will ensure those pieces of gems are completely official and each NFT will be 100% one of a kind.
In the long term, we will release a function that will allow artists to make their own profile and set the loyalty for their own collections.
Part 3 – Quiz Results
In the final part, we tested your knowledge in terms of Infinite Launch. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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