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 Metafabric and our guest was . The AMA took place on the 10th of December
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Andrés M. | Satoshi Club:
Satoshiclubbers, hello again, I think is the first time we have AMA session at this hour.
Andrés M. | Satoshi Club:
Metafabric is an amazing project and deserves our attention. Let’s give a warm welcome to our guest today @metadev62, @fabriclord
Andrés M. | Satoshi Club:
Welcome to Satoshi Club
MetaDev 🟢:
Hello everyone!
Fabric Lord 🟢:
Hey everyone! Very happy to be here to bring you closer to the Metaverse
Fabric Lord 🟢:
Thanks for having us @AndresM77 and the entire team!
Andrés M. | Satoshi Club:
Hi there, thanks for be here.
Andrés M. | Satoshi Club:
How are you today? This AMA is the cherry on the cake for this AMArathonic day, 7 AMAs for today
Fabric Lord 🟢:
We’re very good thank you! Happy to be the cherry
Fabric Lord 🟢:
We’ll try to end your day with a bang
MetaDev 🟢:
Whitepaperathonic day for us today, as we have officially revealed our whitepaper after 7 days of waiting lol
Andrés M. | Satoshi Club:
We know you will, it’s a pleasure to have you here. So, let’s begin, please tell us a little bit about you, your experience in crypto and your experience with Metafabric!
Andrés M. | Satoshi Club:
Oh yes, we had a lot of community questions about it, our community is so excited for that
Fabric Lord 🟢:
So we’re a team of 10, most of us have 10-20 years of experience in tech and several years of crypto experience. We’ve built 2 previous crypto projecs, but not revealing them since our team is anonymous atm.
Fabric Lord 🟢:
And recently we identified a big niche in the crypto world – the very fact that people owning specific crypto wallets are on one hand unreachable for anyone – since there is no messaging service.
Fabric Lord 🟢:
And on the other hand they are a part of many communities – such as token communities, NFT communities, DeFi.
Fabric Lord 🟢:
And all that can be identified by looking at their crypto address and analysing the transactions.
Fabric Lord 🟢:
So the basic premise of our product is analysing that data and collecting all those communities, and allowing a wallet holder to easily participate in them and make money on the fact.
Fabric Lord 🟢:
For example, imagine that Uniswap wanted to message all their top volume users – MetaFabric makes this possible.
Andrés M. | Satoshi Club:
Have you plans to reveal your identities into the near future?
Fabric Lord 🟢:
Or if someone wanted to message all CryptoPunk holders – MetaFabric makes this possible, for a fee obviously.
Fabric Lord 🟢:
No such plans right now. We plan to pass governance to our community, so we don’t want our persons to be identified directly with the project.
Fabric Lord 🟢:
It’s supposed to be community owned and governed long term. We’re just bootstrapping the project, marketing and product.
Andrés M. | Satoshi Club:
An interesting kind of Metaverse, very innovative
Fabric Lord 🟢:
That’s one aspect of it. Second is that we can provide this messaging service to any new game or app based on the blockchain.
Fabric Lord 🟢:
So they don’t need to focus on user messaging / communication and can just focus on building their app.
Fabric Lord 🟢:
That’s also a good way for us to attract thousands of users in one shot via such a partnership.
Andrés M. | Satoshi Club:
How many partnerships do you have at the moment?
Fabric Lord 🟢:
We started 5 days ago Andres so just lined up 2 and not announced yet
Fabric Lord 🟢:
We’re releasing our first product – Metaverse ID, a sort of unique name to be used across all Metaverse products, before the end of the year.
Jonah 🏅🎹 | Satoshi Club:
Hello @fabriclord.. great to be here, sorry I came a bit late..
Andrés M. | Satoshi Club:
Oh I got it, step by step buy with big aims, excellent!
Fabric Lord 🟢:
Hey Jonah! Thank you for having us
Fabric Lord 🟢:
We’re very much focused on user acquisition, you can find out more about our strategy in that regard in our white paper which we released today: https://metafabric.io/white-paper.html
Fabric Lord 🟢:
We know that many projects build beautiful software but never find the adoption they had hoped for.
Fabric Lord 🟢:
For us adoption is first, so we release products quickly and gather user feedback to improve and iterate.
Andrés M. | Satoshi Club:
How do you finance your project? Do you use your own funds?
Fabric Lord 🟢:
Yes, we’ve been in tech and investing for many years so we have all the funds we need to build this product.
Fabric Lord 🟢:
This is more of a vision product for us, trying to change the world and not make a quick buck
Andrés M. | Satoshi Club:
Very noble cause, that’s what world needs.
Jonah 🏅🎹 | Satoshi Club:
For now do you have developed means of gathering this feedbacks? Maybe through a DAO or form
Fabric Lord 🟢:
Right now it’s mainly our amazing Telegram community – https://t.me/metafabric1
Fabric Lord 🟢:
Just got off an AMA there where we discussed our whitepaper and plans. Got amazing feedback that will help us build a better product.
Fabric Lord 🟢:
Long term we plan to introduce governance using our $FABRIC token, so that holders can make major decisions.
Fabric Lord 🟢:
We are also considering open sourcing our product so that it’s development can become independent of us.
Andrés M. | Satoshi Club:
Well, thank you so much for the complete introduction, we have collected some community questions for you, ready to proceed?
Fabric Lord 🟢:
Let’s go!
MetaDev 🟢:
Ready for shots
Jonah 🏅🎹 | Satoshi Club:
This is super cool..
Jonah 🏅🎹 | Satoshi Club:
Q1 from Telegram User @Ronaldovazkez
You claimed that a new era of communication has just begun. But yet, you Stealth Launched on @Uniswap and already achieved #4 on dextools, and during my reserch, i noticed that you also officially launched your @Metafabric Token which is the $FABRIC on Uniswap on 4th of December 2021, that is one week ahead of its launch, and i also saw on your Twitter handle, where you wrote About problems your trying to solve, You Listed 4 of those product and what really caught my attention was the 4th one which was OUR PRIVACY BEING SOLD AS A PRODUCT? like, i really don’t understand or know how you plan to Execute that aspect? And why is your project built on so many Unknowns? Why all these mystery? Whose idea was this in the first place? It’s really a one of a kind
Fabric Lord 🟢:
So right now when you start using some app such as whatsapp, twitter, facebook – in most cases you’re providing data to some corporation. That corporation focuses on selling your data and your privacy to make money. And you don’t make anything.
Fabric Lord 🟢:
Our aim is to turn this model around. Whatever data you have should be yours. And YOU should be the one getting paid if someone contacts you.
Fabric Lord 🟢:
That’s why one of the first features on our platform will be the ability to set a fee you want to get paid if someone wants to message you.
Fabric Lord 🟢:
Imagine if on your channel only holders of your token could speak freely, and others would have to pay a fee which goes towards community development.
Fabric Lord 🟢:
This cuts out spam and makes money for the community.
Fabric Lord 🟢:
And the mystery was there to interest users, however our whitepaper is out now and details most of the mysterious items .You can check it out at metafabric.io
Fabric Lord 🟢:
Thanks Ronaldo, next question please @Jonahapagu
Andrés M. | Satoshi Club:
Thanks for the clear explanation
Jonah 🏅🎹 | Satoshi Club:
This is Interesting..
Jonah 🏅🎹 | Satoshi Club:
Next question
Jonah 🏅🎹 | Satoshi Club:
Q2 from Telegram User @kimzyemma
I could see $fabric token in the top 10 largest gainer on coingecko, but recently, you make partnership with Anyswap Network which is trustless protocols to bridge assets between heterogeneous layer-1 and layer-2 platforms. I thought your token will be found on anyswap platform, may I ask what is the essence of making partnership with the plaform since $FABRIC token is not listed on it? The platform is a cross chain protocol, are you also planning to create a platform like this in anytime soon or can you brief us the benefit of partnership?
Fabric Lord 🟢:
The purpose of this partnership was for our token to be bridgable to BSC. We launched on PancakeSwap thanks to using the Anyswap bridge. We didn’t add actual liquidity on Anyswap that’s why the token is not tradeable there, but you can bridge it to BSC and back.
Fabric Lord 🟢:
Next question please
Andrés M. | Satoshi Club:
Ok, let’s proceed
Jonah 🏅🎹 | Satoshi Club:
Great..
Jonah 🏅🎹 | Satoshi Club:
Q3 from Telegram User @Right_clicK1
You analyzed how the world was around 9000BC when tokens marked with simple pictures began to be used to label basic farm produce, and became increasingly popular around 6000BC-5000BC but after thousands of years internet and blockchain changed the way we interact with other and create inappropriate way never possible before. My question is with all these recent inventions, how do you plan to create a place where users position and impact is based on actual level of engagement into certain initiatives? Your whitepaper will be available in a bit, can you brief us some details on how you meta fabric will serve as backbone of metaverse communication?
Fabric Lord 🟢:
So our whitepaper is out already on metafabric.io. But the main answer to your question is that a blockchain address gives us insights into what communities a user is part of (token holders, NFTs, DeFi platforms). So based on that we can group users into those communities and allow them to communicate within freely, shielding them from spam.
Fabric Lord 🟢:
We can also allow users to set the minimum amount of tokens someone needs to hold to message them. Or their minimum net worth. Or a fee for being contacted. This way by participating in our app you can make money just by being there and receiving messages.
Andrés M. | Satoshi Club:
What are the main utilities for $FABRIC token? Any farming/staking program in plans?
Fabric Lord 🟢:
$FABRIC is going to be used for paying node operators of our platform, and a % of anything that is paid on the platform by users wanting to send messages will be converted to $FABRIC (by buying it on Uniswap or some other exchange) and burned.
Fabric Lord 🟢:
Second layer of utility will be governance of our product / strategy.
Fabric Lord 🟢:
We don’t plan farming / staking, but we do plan a big airdrop for community members who dedicate time and efforts to promoting and getting adoption for our product.
Jonah 🏅🎹 | Satoshi Club:
Do these users get paid for just receiving messages?
Fabric Lord 🟢:
That airdrop will take several months and will be announced in the next few weeks so please stay tuned.
Fabric Lord 🟢:
Yes, the idea is that if you are a crypto user, using various services, you should be able to make money with us just by receiving messages on the platform.
Jonah 🏅🎹 | Satoshi Club:
This is awesome
Andrés M. | Satoshi Club:
Amazing, communities love things like that, we will be waiting for the announcement
Fabric Lord 🟢:
Yup, the more you promote the more you’ll get so it’s a big opportunity for individuals and whole communities.
Andrés M. | Satoshi Club:
Simple way to earn money, perfect. Thanks for the clarification.
Andrés M. | Satoshi Club:
Would you like to add something before the next question?
Fabric Lord 🟢:
I think this covers it, let’s move on please
Jonah 🏅🎹 | Satoshi Club:
Alright.. Next question
Jonah 🏅🎹 | Satoshi Club:
Q4 from Telegram User @Nairabox
Metafabric is the backbone of metaverse communication as described by various mediums with the vision of creating a place where your position and impact is based on your actual level of engagement into certain initiatives, a place where you directly connect with others working on initiatives you believe in. What does the Metafabric platform have planned for a major problem in communication such as language barrier between members of the community? Are there plans for local communities or diversification of languages supported on the platform?
Thank you.
Fabric Lord 🟢:
We’ll support multiple languages on our platform, with automated translation being introduced in the future. So we’ll connect users from all countries on our platform .
Fabric Lord 🟢:
Next one please.
Andrés M. | Satoshi Club:
Global inclusion
Jonah 🏅🎹 | Satoshi Club:
Great Job..
Andrés M. | Satoshi Club:
Let’s go
Jonah 🏅🎹 | Satoshi Club:
Here comes the next question
Jonah 🏅🎹 | Satoshi Club:
Q5 from Telegram User @Rotoxy
MetaFabric is launching a new concept of Metaverse ID which will enable metaverse enthusiast to easily communicate with others in the Metaverse. Please, tell us more about this unique ID and how it is use to properly identify an individual and his wallet? How does it enable users to take care of their online privacy and identity? And since you said this ID will be an NFT that can be resold in the future, what benefit will a buyer of another users ID get if he purchase such unique metaverse ID of another users that is not his own? How will such wallet have control of the personal data and wallet of the seller or can he change the personal information in these wallets to his own?
Fabric Lord 🟢:
Very good question.
Fabric Lord 🟢:
So the Metaverse ID will be an NFT which can be later resold. It will represent something like a ‘Twitter’ handle only universal for all our products and all Metaverse apps that choose to adopt it. The idea is to allow user to connect multiple wallets to such an ID, and to allow them to choose which wallest will be revealed to others and which won’t.
Andrés M. | Satoshi Club:
Is it similar to a KYC system?
Fabric Lord 🟢:
For example you can register the Metaverse ID ‘joe’, and be visible as ‘joe’ on our messenger, hiding all other information behind this ID. Or you can additionally reveal the net worth of all your wallets, or all your NFTs, or entire contents of wallets.
Fabric Lord 🟢:
Yes exactly, it can be used for KYC, single sign on, registration, etc.
Andrés M. | Satoshi Club:
Great idea, I think it was something needed for make the life of crypto users easier.
Jonah 🏅🎹 | Satoshi Club:
Users will only be restricted to one of this right?
Fabric Lord 🟢:
You can get multiple ones of course if you like, no problem.
Fabric Lord 🟢:
I think we covered it, let’s move to the next one please.
Andrés M. | Satoshi Club:
Thanks a lot for your answer. Now get ready for the last question of this first part of the AMA
Jonah 🏅🎹 | Satoshi Club:
Q6 from Telegram User @thisistoyin
After Patiently waiting for your white paper, i noticed The LEAN APPROACH, where you said that your first step is to validate an idea on the market, gather as many users as possible, and then introduce the MVP to this collective. Please can you tell us about the kinds of ideas that are validated on the market, and what MVP are you referring to? Then you also said that The product will be created with the participation and feedback of its users, so it is fully adapted to market needs, and tested very quickly. So, what kind of product are is to be created, and in what context does users participate in those product that is created? Can you give us simple example of this kinds of products you’re referring too? And how would users verify l benefit on those product?
Fabric Lord 🟢:
Great question. So our first product will be the Metaverse ID, we’ll be teasing how it would work to the community soon. We’ll gather feedback while still developing it to make sure it appeals to our potential users.
Fabric Lord 🟢:
So during development we’ll already be presenting designs / first versions of the product to users, in order to make sure that we’re building the best product possible.
Fabric Lord 🟢:
The second product will be one to one crypto messenger, which will allow one to message any crypto wallet (starting with Ethereum but then moving to other sidechains / blockchains).
Fabric Lord 🟢:
And we plan to consult it with the community during the conceptual and design phase.
Fabric Lord 🟢:
Even today we were talking on our Telegram about our upcoming products and many great ideas came up.
Andrés M. | Satoshi Club:
Could you share the roadmap of the project?
Fabric Lord 🟢:
We’ll use all that feedback to build something that is successful.
Fabric Lord 🟢:
An initial version of the roadmap is in our whitepaper in the “Product release plan” section: https://metafabric.io/white-paper.html
Fabric Lord 🟢:
Full roadmap will be released a week from today.
Andrés M. | Satoshi Club:
Incredible things are coming for the community.
Jonah 🏅🎹 | Satoshi Club:
We are eager to see this Ideas implemented soon
Fabric Lord 🟢:
We’ll be happy to reach out to you guys so that you can use it for your community
Andrés M. | Satoshi Club:
Got it.
Jonah 🏅🎹 | Satoshi Club:
Thank you, our arms are wide open
Andrés M. | Satoshi Club:
For sure, will be a great honor and I think I would help us to distribute rewards easily
Fabric Lord 🟢:
Haha perfect
Jonah 🏅🎹 | Satoshi Club:
Yes.. that’s true..
Andrés M. | Satoshi Club:
Well @fabriclord and @metadev62 it was a big honor to learn about MetaFabric in this first part of the AMA, we should recognize the great project you have created and we wish you big success.
Andrés M. | Satoshi Club:
Now, is time to proceed with the second part of the AMA, our community have prepared a lot of questions for you, we will open the chat and you should answer your 10 favorites questions.
MetaDev 🟢:
Let’s do it
Andrés M. | Satoshi Club:
But before, could you share us useful links to join your communities? Please
Jonah 🏅🎹 | Satoshi Club:
I’m sure our members are Super ready for this
Andrés M. | Satoshi Club:
Yes, get ready Satoshiclubbers
Fabric Lord 🟢:
Yes, please join our Telegram chat: https://t.me/metafabric1
Fabric Lord 🟢:
And here is Twitter: https://twitter.com/meta_fabric
Fabric Lord 🟢:
Everything else you can find on our website: https://metafabric.io
Andrés M. | Satoshi Club:
Let’s join Satoshiclubbers, remember that you should be on that group to receive your rewards
Andrés M. | Satoshi Club:
Opening the chat in 3
Andrés M. | Satoshi Club:
2
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Mehwi111:
Can you tell us about what you are doing to make the $(MetaFabric Token) Token more valuable ? Will you have a Token burning program and staking program for $(MetaFabric Token)?
Fabric Lord 🟢:
FABRIC is a utility token, which will mainly be used for governance, so voting on product strategy and direction. On the other hand part of the payments made on our platform will be converted to FABRIC by buying it on an exchange such as Uniswap, and those tokens will be burned or given to node operators for their services. So once the system is up and running FABRIC will become deflationary.
Q2 from Telegram user @hmdtadel:
What’s the behind the decision behind making a date to reveal the roadmap since it is a really important factor that shows what is owing ahead in your project ??
Fabric Lord 🟢:
Before giving a specific roadmap we wanted to see the feedback from our community to our whitepaper. Only after hearing the community out can we devise a specific plan.
Q3 from Telegram user @Rakshhitx5 :
Hii ! I got DM of the contract of Metafabric by the admin of the MetaFabric. I don’t know if it is real or fake, So can you please share the contract address of MetaFabric?
Fabric Lord 🟢:
Sure thing!
ETH: 0x8c6Fa66c21aE3fC435790E451946a9Ea82E6e523
BSC: 0x73FF5Dd853Cb87c144F463a555dcE0e43954220d
Q4 from Telegram user @Wong2008 :
I read in the website that our position and impact is based on our actual level of engagement into certain initiatives, can you explain to us more about this point?
Fabric Lord 🟢:
Since our communities will be created based on the contents of your crypto wallet – you can be sure that everyone in the CryptoPunks chat owns a CryptoPunk. Or everyone owning in the ‘MATIC Whales’ chat owns more than let’s say $50,000 in MATIC tokens. So we can get a lot of information from each wallet and make sure that every user of a given community is in fact an investor.
Q5 from Telegram user @burshanggal :
I’m intrigued by your initiative, but I’m not sure if your platform is suitable for crypto beginners like myself, or if it’s solely for professionals?
Fabric Lord 🟢:
Our product will be usable by people with little crypto experience. It’s supposed to be very easy to use in order to attract all the users we can.
Q6 from Telegram user @Einsteinyl :
Kindly to share with us why do you pick MetaFabric as name of project? What is the story behind choose MetaFabric for name?
Fabric Lord 🟢:
Meta – Metaverse
Fabric – the basic structure of a society, culture, activity, etc
MetaFabric – the backbone of Metaverse communication
Q7 from Telegram user @Cheriemike :
Two things do stand out in project,which potential investors are interested in they are Partnership and Security.While accessing MetaFabric website,i didn’t see any form of partnership with some crypto projects you have made.So we will like to know,are you making plans as regards to that?Or do you already have some partners but they are anonymous for now?How about ensuring the security of your platform?Are you also making plans to secure MetaFabric from hackers?When are we expecting to see both your partners and Audits reports?Please explain Thanks.
Fabric Lord 🟢:
We launched 5 days ago so partners will be announced in the coming weeks. We’d like to have a basic product out before we start talking to partners so that these are real partnerships and both sides treat each other seriously. When it comes to security – our current contract is based on Openzeppelin contracts which have been audited, and we haven’t made any changes to them. We do plan to have a security audit of both the token contract and other contracts which we will create, and we will publish them as soon as available.
Q8 from Telegram user @csgonub:
Lots of new defi projects are doing AMAs without planing to be listing on anywhere so on which exchanges is your coin planned to be listed?
Fabric Lord 🟢:
Right now we’re on Uniswap and PancakeSwap, we plan doing a listing once we exceed 2000 holders so that our community is big enough to guarantee decent volume on a bigger exchange. We’re eyeing Gate.io and KuCoin.
Q9 from Telegram user @she_lli:
Will you provide us with more details on the mefabric? And what were the plans & active support of every user?
Fabric Lord 🟢:
You can find more details in our whitepaper, and when it comes to plans for support from our community – please make sure to join our telegram and follow Twitter – we’ll announce a big airdrop of tokens spread over several months, which will be a reward for users who help our community grow and help promote our product. https://metafabric.io/white-paper.html
Q10 from Telegram user @potentialsake :
Are there any way to learn about if the liquidity will be locked for a long term?
Fabric Lord 🟢:
Liquidity is locked for 3 months now on both Uniswap and PancakeSwap, and we plan to extend that period in the next month or two. You can find the details of locks in our whitepaper.
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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Telegram –https://t.me/metafabric1
Twitter-https://twitter.com/meta_fabric
WebSite – https://metafabric.io/