Bolly Heroes x Satoshi Club AMA Recap from 18th of September

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 Bolly Heroes and our guests were @iamranji, and @DhruvS91 – representative of Bolly Heroes. The AMA took place on the 18th of September.

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

Gold Rocket | Satoshi Club:
Hello, dear Satoshi Club! We are pleased to announce AMA with Bolly Heroes!

Today our guests are @iamranji @DhruvS91

Dhruv Saxena:
Hello Satoshi Club!

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, @iamranji @DhruvS91😊

Andrés M. | Satoshi Club:
Hello, how are you doing?

Ranjit Kumar:
Hello everyone, pleased to be here.

Dhruv Saxena:
Really good, excited to be here and talk about Bolly Heroes

Ranjit Kumar:
Big community it is. More than 91k.. awsome.

Gold Rocket | Satoshi Club:
Thanks for joining guys!
Let’s start! Introduce yourself, please. How did you get to be involved in crypto & Bolly Heroes
Tell us please about your position in Bolly Heroes

Andrés M. | Satoshi Club:
Thanks for your kind words, is a pleasure to have you here😃

Dhruv Saxena:
I am Dhruv Saxena: the project manager on Bolly Heroes.

I’m a crypto and defi investor myself but have a heavy background in finance in the technology and media space.

Been parts of over $83bn worth of deals in the last 7 years.

Ranjit Kumar:
I am Ranjit Kumar: Working as COO with BollyHeroes. With 5+ years of experience in the crypto domain, and overall 20+ years of experience, looking after Tech development, Operations, Finance & HR for BollyHeroes. Have deep experience in crypto after all these years. Have lead key portfolios starting with ICO in my initial years, thereafter developing crypto wallets, Running crypto exchange, Developments of NFT market place which is already up n running, & now to Bollyheroes.

Gold Rocket | Satoshi Club:
Great background for own business

Give us a brief introduction to the project. What is the essence of Bolly Heroes😊

Dhruv Saxena:
Bolly Heroes is a limited edition NFT collection from a parallel Bollywood Heroes dimension called Bollyverse. The worlds’ first community driven world where your NFTs will be the stars of their own movies, animated series, games and a whole lot more.

Bolly Heroes is building a Bollyverse, a parallel Bollywood world built in collaboration with real partners – production houses, music labels, brands, celebrities, gaming studios and animation companies. This parallel new Bollywood world is based on digital NFT’s orchestrated from different eras and carefully selected deep-rooted passion for Bollywood in Indian culture.

Not just a JPEG but a real project with real partnerships and a very very experienced and accomplished team in entertainment, media, crypto.

Gold Rocket | Satoshi Club:
I really love this 😍

Andrés M. | Satoshi Club:
Could you give us some sneak peeks of the NFTs?

Dhruv Saxena:

With pleasure 🙂

Gold Rocket | Satoshi Club:
They are really beautiful😁😍❤️

Who are your artists?

Dhruv Saxena:
A premier animation and creative studio called Paperboat.

They are also partners on the project.

Andrés M. | Satoshi Club:
Wow 👏👏

Dhruv Saxena:
And they do a lot of work for Disney, Netflix, nickelodeon, etc.

Gold Rocket | Satoshi Club:
Do they have a real applications? or are they just works of art?

Dhruv Saxena:
There are 3 types of NFT’s to start with.

LEGEND NFT – 250 unique NFTs representing iconic scenes,characters and get ups from 50 years of history of Bollywood movies – the world’s largest film industry. They do not represent any real characters or people but closely resemble all that Bollywood stands for. These NFT’s grant 10% royalties to the holders of this Legend collection, earned on transaction fees, revenue, rewards and incentives (as described below) within the Bollyverse. Early holders and participants get the most rewards. Groups of Legends carry some rights on scheduling of projects and several other activities inside the Bollyverse for perpetuity.. In the first 15 days, the Legend NFTs can be traded by the Community. MUST HOLD LEGEND NFT’S FOR CERTAIN FUTURE PROMOTIONS AND EXCLUSIVCE REWARDS

Above sample is of the Legends.

HERO NFT – 10,000 unique programmatically generative NFTs with their own incentive and rewards. Each Hero NFT has different traits & attributes that will be announced closer to the launch. These NFTs capture Indian Bollywood culture, the passion and the dream that goes on for every Indian as well as global citizens. The NFTs are not related to, or represent any real life characters. This is what your character could look like. Heroes also have traits, unique skills that will be instrumental in launching any new Bollyverse Projects like producing films, music, shows etc products and services inside the Bollyverse. These Hero unique skills can also be pooled or traded by the community to commission projects. A few Heroes have a lot of credibility and hence influence over the Legends and Real NFTs. All Hero holders can join the Bollywood World governance and vote.

CELEB NFT – collaboration with real Bollywood artists & Influencers from time to time with rewards, incentives and participation rights for Legend and Hero holders. Advanced discussions are already taking place with several actors, actresses, production houses and music labels, directly, as well as through partners and agents. Each collaboration will be unique and customised for the celebrity or the brand. Communities will have voting preferences to choose which celebrity they want to see in their own Bollyverse. Members can even request favorite stars to join and create on the platform, pitch to major studios, hire the best in the business, and choose where the content is released.

Gold Rocket | Satoshi Club:
Thanks for sharing. Also we would like to know more about your team. Who is on the project team core?

Dhruv Saxena:
Well, Ranjit and I here are 2 of a 10+ team across tech, creative, and business.

Founder runs a crypto fund out of Singapore, has been in crypto since 2013, built and sold several startups in blockchain space and is an avid NFT collector. Apes, lizards, et all.

the co founders run a media and entertainment fund out of singapore – with operations in Singapore, India, U.S, Middle East and Canada

the fund has a movie production studio, animation company, digital marketing co. , music streaming, financial service, and film festivals & awards

the founders also started Asia’s first curated NFT marketplace

Gold Rocket | Satoshi Club:
You hit my imagination😁👍

Is your team anonymous or public?

Dhruv Saxena:
oh no all public, we are all on the TG group also

Andrés M. | Satoshi Club:
Excellent products, ver admirable ecosystem

Gold Rocket | Satoshi Club:
Thanks for great introduction, we have several questions which were selected for the 1st part. Ready to start?

Dhruv Saxena:
Let’s do it!

Q1 from Telegram User @Jamesxmen
After Visiting on your website, I could Capture that Bolly Heroes doesn’t have a native currency. Could you tell me please, Why didn’t you consider about a native token though all other projects release a native currency to attract more user attention? What are the benefits that Bolly Heroes Community receives by being without a native token? How will community trade NFTs within Bolly Heroes project without a native currency? Do you intend to generate a token in future after Bolly Heroes project stabilized within entire NFTs market? How will the governance of Bolly Heroes project be implemented without a token model?

Dhruv Saxena:
We’re not launching a token yet, could be on the map later – which the community will help decide. The NFTs have utility and governance built in.

The HERO NFts especially have a whole sytem which gives each NFT real world value beyond just the aesthetics.

Heroes also have traits, unique skills that will be instrumental in launching any new Bollyverse Projects like producing films, music, shows etc products and services inside the Bollyverse. These Hero unique skills can also be pooled or traded by the community to commission projects

user attention will be built through real, major scale partnerships and both crypto and real world PR

stay tuned for some major announcements

DONE

Gold Rocket | Satoshi Club:
Thanks for your detailed answers 😃

Ready to proceed to the next question?

Andrés M. | Satoshi Club:
Very clear question

Don’t forget to share it with our community

Dhruv Saxena:
Absolutely.

Q2 from Telegram User @andrey_seleznov
Hi, Bolly Heroes!
I like Bolly Heroes vision of creating an exclusive NFT community that gets to decide what movies, tv-series, animation, games, etc get made using Bolly Heroes NFTs and create a parallel Bollyverse. Will these ideas go further into a real-world and maybe even allow to sponsor and produce some of the Bollywood movies? Or maybe even go as far as creating your own movie studio that will be community-based and funded via the NFT sales? I see an exciting future ahead for Bolly Heroes!
Thank you!

Dhruv Saxena:
You nailed it! That’s exactly the intent. Bring together the power of community with the A-league creative industry

we have long standing relationships with many studios and productions houses

we are onboarding all of them so community can pick and choose the content we want – and decide if they want to keep it personal or even take it to a netflix

we start with one part of the world, to show success – we want the first project on the floor by Oct end

and then we scale up

imagine the full potential of this: pick you books which turn into movies

pick your own combo of characters to make a show

have a script marketplace

all bound my smart contracts

and founders have the ability and credentials to top up any strong project

DONE

Andrés M. | Satoshi Club:
How is the process of the NFT sales? Will you do auctions? What kind of payments do you accept?

Dhruv Saxena:
So the legends go on public sale on monday – there are 250

Gold Rocket | Satoshi Club:
Wow! it’s very soon! 🚀

Andrés M. | Satoshi Club:
I like the concept😁

Dhruv Saxena:
Per our pre-registration data, we crossed 250 long ago

Then the Hero NFT go on sale 1st week of October

Between these two, we will be doing a big push on community and marketing worldwide

DONE

Andrés M. | Satoshi Club:
Any whitelist? Still time to be whitelisted?

Dhruv Saxena:
Yes!

All registrants get early access.

Gold Rocket | Satoshi Club:
Thanks for your answers😊

Andrés M. | Satoshi Club:
Thanks for the clear answer, would you like to add something before the next question?

Dhruv Saxena:
Good for now 🙂

Q3 from Telegram User @Asela1112
Bolly Heroes directly focused on Bollywood Cinema industry in india. What is the reason to focus only on Bollywood industry while the Hollywood industry remains larger than Bollywood Cinema? Do you hope to expand the Bolly Heroes in Tollywood & Kollywood industry also? As I think, Bolly Heroes should have a link/Connection with Bollywood celebrities/Stars to keep forward this NFTs project successfully. Do you have such a links with top stars in Bollywood Industry? But you have not mentioned about collaboration with at least one of Bollywood Celebrities yet. Why is that? Without proper interconnection between Bolly Heroes platform & Bollywood celebrities, How will you Create NFTs using their personality? Will you have to legal issues in future if you use them to create NFTs without their permission? If the Celebrities accept your offers, What kind of benefits will you give them?

Dhruv Saxena:
As we mentioned, one of the founding partners operate a movie production studio, an animation company, digital marketing co. , music streaming, financial service, and film festivals & awards the founders also started Asia’s first curated NFT marketplace.

These are industry insiders partnering with crypto veterans and OG crypto investors.

Of course the OG investors and VCs wont be posting about it till public launch – that’s shilling.

On the legal side, this has been 6 months in the making, so partners and studios have had time to understand.

All projects going forward will be individually setup and documented.

We start with bollywood and India at large coz its the worlds largest film market by volume.

~1800 films each year.

Of which 150 are major scale.

Gold Rocket | Satoshi Club:
Yes you are incredible😁❤️

Dhruv Saxena:
Hollywood is big, but the big studios will not come in on day zero.

The moment they see the community.

They will

We have our partners there already.

We are talking sony, warner, TSG entertainment and the likes.

DONE.

Forgot to add: celebs will launch NFT where there is community.

Look at how john cena’s NFT sadly bombed.

Andrés M. | Satoshi Club:
But will be Hollywood on your roadmap?

Bollywood is a fantastic industry btw

Gold Rocket | Satoshi Club:
Thanks for great answers 😃 Do you have an ambassador program by the way?

Dhruv Saxena:
Of course – we will have the first-mover advantage and the ready community.

Gold Rocket | Satoshi Club:
Absolutely agree😍

Dhruv Saxena:
Please DM in TG group or tweet us for that.

Gold Rocket | Satoshi Club:
Satoshi Clubbers! Don’t miss great opportunity to share Bolly Heroes on the world

Andrés M. | Satoshi Club:
🥳🥳

Gold Rocket | Satoshi Club:
Let’s proceed to the next question 😁

Q4 from Telegram User @Ajpaa
While reading about Bolly Heroes, there are two (2) areas I would like to have clerification on. First you said 30% of transaction fee will be distributed to the community wallet. So what will be the transaction rate for NFT buyers? I couldn’t find info. about the remaining 70% transaction fee, so how will the 70% be utilised in your ecosystem? Secondly Bollyverse implements a share revenue mechanism on each innovators and creators project. where Legend NFT holders will be entitled to 10% of the revenue share while Hero NFTs holders will be entitled to 2.5% of the revenue share. What % will be used to building and strengthening the DAO community to help local artists and creators’ talent as mentioned? How many % goes to the creators or innovators?

Dhruv Saxena:
The plan is as follows:

Revenue Share

Legend
10%
Heroes
2.5%
Bolly DAO Fund
10%
Floor Buy Back
7.5%
Community rewards, dev, and partnerships Fund
20%

DONE.

Andrés M. | Satoshi Club:
Thanks for the clarification, could you share us your whole roadmap? What’s the greatest event coming for the next year?

Dhruv Saxena:

This is roadmap overview.

For now the focus is on Legend and Hero Sales and community growth.

Once the launch is made, we start building with NFT holders and community feedback in mind.

So its just around the corner.

DONE.

Andrés M. | Satoshi Club:
I like the staking feature, could you give us more details about that coming event?

Dhruv Saxena:
We’ll detail it on the website -tech is building out.

Andrés M. | Satoshi Club:
Thanks for your answers, 5th question is knocking the door 😁

Q5 from Telegram User @Pavel_Jarosh
Bolly Heroes is opening the sale of “Legend” NFT on September 20th and then “Hero” NFT in about 2 weeks. Are you planning to enlarge your offering by going to International heroes or adding local “Sport” NFT, “Indian Political leaders” NFT, “Cities” NFT etc? This can have double effect of increasing the interest and the value of each product.

Dhruv Saxena:
Absolutely. we don’t want to harp on it right now, coz then it could feel like a lack of focus to some.

The heroes will grow in geographic spread.

I don’t think political leaders will happen anywhere.

Tweet us more about your cities nft idea – not sure what all that could be.

But interesting.

DONE

Andrés M. | Satoshi Club:
You are planning a big ecosystem. Btw, could you tell us about safety? Have you done audits or hackathons?

Dhruv Saxena:
Ranjit and the entire tech crew credentials run as: Started in 2016 as a full-service software provider offering product development and digital transformation services to small businesses and enterprises with expertise in Blockchain based product development. With 50+ clients, across 25+ geographies, 25+ engineers, delivered 50+ projects across developing Crypto Exchanges, Crypto Wallets, NFT Market Place, ICO Advisory Services with a fully integrated platform, including Tokenisation of Renewable energy project,

So we have a robust internal audit system of checks given the enterprise-grade building experience.

Of course once we onboard more partners – we can run 3rd party.

Since there’s going to be a fair amount of transactions through smart contracts.

Its a given.

Andrés M. | Satoshi Club:
Applauds for your great efforts, security first👏👏

Gold Rocket | Satoshi Club:
Amazing😍

Andrés M. | Satoshi Club:
Well, is time to proceed with the last question of this part of the AMA😁

Q6 from Telegram User @Highpee
At the launch of your Bollyverse, you will have 3 sets of NFTs which which are Legend NFT, Hero NFT and Celeb NFTs. You said there will only be 250 Legend NFTs and 10,000 Hero NFT. Can you explain the differences between these NFTs and the importance they attract to their holders? How will you avoid conflict with IP rights of Bollywood artist who images and movie scene are used in the NFT representation? What revenue share structure are available for each type of NFTs? How can users acquire these NFTs and get incentives and royalties?

Dhruv Saxena:
The 250 legends are inspired and commemorate historic legends. legally, its like fan art unless we sell it by the name. Legends: These NFT’s grant 10% royalties to the holders of this Legend collection, earned on transaction fees, revenue, rewards and incentives Groups of Legends carry some rights on scheduling of projects and several other activities inside the Bollyverse for perpetuity…………HERO: 10,000 unique programmatically generative NFTs with their own incentive and rewards. Each Hero NFT has different traits & attributes that will be announced closer to the launch. Heroes also have traits, unique skills that will be instrumental in launching any new Bollyverse Projects like producing films, music, shows etc products and services inside the Bollyverse. These Hero unique skills can also be pooled or traded by the community to commission projects.

Dhruv Saxena:
Revenue Share

Legend
10%
Heroes
2.5%
Bolly DAO Fund
10%
Floor Buy Back
7.5%
Community rewards, dev, and partnerships Fund
20%

DONE

Andrés M. | Satoshi Club:
Thanks for the answer, we really love the concept of NFTs with use cases, and yours have incredible use cases.

Gold Rocket | Satoshi Club:
Thanks for your great answers!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Gemshunter22
I don’t think I will understand bollywood and local language. Can you tell us why would user like me will have interest on your project and bollywood celebrity NFT?What are the plans to attract users who don’t have idea about bollywood?

Dhruv Saxena:
Bollywood is just the beginning market as its the world largest in terms of #of movies and # of viewers. Since the NFTs have utility and function beyond the aesthetics, with revenue streams attached and other value creation events like 1) Ultra Rare NFT’s Burn – Burn three of your Heroes NFT’s to get Ultra Rare NFTs creating deflationary mechanism as well as a potentially higher value for those new Ultra Rares. With these Ultra Rare’s you will have further rewards and incentives and chances to make your own films & animation series. You will be able to induce your own attributes and traits into your new NFT – that represents what the character that you want. 2) Bolly Babies: You can combine your NFT’s with other NFT holders to produce a small movie, shows, comics or animation series. Who knows we might end up producing a real life movie or game or memorabilia for your Hero avataars!!! Many exciting things are planned ahead. Revenues produced from transactions or sales of these NFT’s or shows will be also distributed to Legend & Hero holders.

Q2 from Telegram user @Nahidmpic
Smart contracts are susceptible to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you tested it through any of the parties?

Ranjit Kumar:
We are team of techies who are into blockchain development since 2016. Have long exp in debelopmwnt if crypto wallets, exchange, NFT marketplace. And Audit thereafter.. hence community can be assured.

Q3 from Telegram user

Q4 from Telegram user

Q5 from Telegram user

Q6 from Telegram user

Q7 from Telegram user

Q8 from Telegram user

Q9 from Telegram user

Q10 from Telegram user

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Bolly Heroes. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
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Our partners
Bolly Heroes Telegram community: https://t.me/EpikProtocol
Twitter: https://twitter.com/EpikProtocol
Website: https://www.epik-protocol.io

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