Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from TFS Token, a new digital currency that will serve as a standard payment method at Fairspin online casino. The AMA took place on August 30 and our guests was Alex A., Chief Business Officer at Trueplay.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS
Gold Rocket | Satoshi Club: Hello, dear Satoshi Club! We are pleased to announce AMA with TFS. Today our guest is @bakeralex.
Alex A: Hey hey, it’s nice to e-meet all of you!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @bakeralex! How are you doing? We are really excited about upcoming AMA.
Alex A: Doing great! How are you? Can’t wait to start it!
Gold Rocket | Satoshi Club: let’s start with a little intro. How did you get to be involved in crypto & TFS? Tell us please about your position in TFS? What is the essence of TFS?
Alex A: sure! My name is Alex, I am a Chief Business Officer at Trueplay (https://trueplay.io/ )
Trueplay platform provides painless blockchain integration for, online businesses that value transparency.
Well, basically, we are building the bridge between your, business and crypto world. Thus, TFS token became our first client on its way to tokenization.
Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from TFS?
Alex A: TFS is a token of the first blockchain casino. And there is no other casino that has ever offered playing classic games and check all the stats in blockchain.
Andrés M. | Satoshi Club: Alex, what is the meaning of TFS?
Alex A: Well, pretty simple to understand – Token Fairspin (TFS)
Andrés M. | Satoshi Club: Oh amazing, what kind of games do you have on your platform? Roulette, blackjack?
Alex A: Fairspin team has a huuuge amount of games from top-notch game providers as well as blockchain games.
Gold Rocket | Satoshi Club: Btw. We would like to get to know your team better. who is at the core of the project?
Alex A: good question! Our leadership team consists of 5 people, such as CEO, CFO, CTO, CMO, and CBO. All of us are hand-picked experts with over 5 years of experience and have a solid background in both trading & blockchain industry as well as a proven track record from previous projects. and all of us mined at least 1 bitcoin back to 2013-2014.
Q1 from Telegram User @Asela1112
By the combination of FairSpin & TruePlay platforms, you intend to tokenize FairSpin loyalty program & introduce a $TFS as your own native Currency. What kind of collaboration does FairSpin have with TruePlay? Are both of FairSpin & Trueplay Co-heirs of $TFS token? As you mentioned FairSpin owns a 300,000 registered users and a pool of 13,000 of active players monthly. So what is the sudden cause of entering to the Blockchain field as the next step of FairSpin? Through your entry to the Blockchain network, what kind of utmost opportunities will FairSpin users possess in future? Can you point out some directions that you hope to lead FairSpin & $TFS along with TruePlay platform in blockchain field?
Alex A: What kind of collaboration does FairSpin have with TruePlay? As I’ve mentioned, Trueplay is a painless tokenizer for any kind of online business. In TFS collaboration, TruePlay plays a role of a technical partner and does all the technical and blockchain-related work.
Are both of FairSpin & Trueplay Co-heirs of $TFS token? TFS token is issued using Trueplay platform and it belongs to Fairspin. Trueplay provides a tech solution to integrate this token into existing Fairspin gaming experience.
As you mentioned FairSpin owns a 300,000 registered users and a pool of 13,000 of active players monthly. So what is the sudden cause of entering to the Blockchain field as the next step of FairSpin?
Through your entry to the Blockchain network, what kind of utmost opportunities will FairSpin users possess in future?
TFS is a digital asset (https://t.me/tfstoken_group) that will be used as a payment method within the world’s first blockchain casino – Fairspin. To this day there’s no other casino on the market that offers the same level of transparency, security, and accessibility to user playtime statistics as Fairspin. All of this is made possible solely through Trueplay and its technology that makes this process swift and seamless.
The introduction of the TFS token opens new boundaries in front of us to reward and motivate players to spend more time playing at Fairspin through “Play to Earn” and “Hold to Earn” programs. Additionally, TFS token isn’t limited to casino borders and can be traded on external crypto exchanges with ease.
Can you point out some directions that you hope to lead FairSpin & $TFS along with TruePlay platform in blockchain field?
That’s a great question! In fact, this is exactly what “Hold to Earn” program aims at. Through this program, Fairspin will share a part of its monthly revenue with users that prefer to stake TFS tokens for profit. Besides that, every user can be assured that he will be paid every penny as every transaction, payment or bets will be published in blockchain.
@GoldRocket27 great questions, btw.
Andrés M. | Satoshi Club: Thanks for your detailed answers, btw could you share us your tokenomics? How is the total amount of tokens distribution?
Alex A: Yup, you can find the detailed tokenomics explanation here
Q2 from Telegram User @victorogb
A breakdown of the token allocation for TFS operational functions shows that; Staking Programme Rewards, Pools set up and Payment Operations, accounts for 25%, 16.67%, and 8.33% respectively. However, these are broad overviews and don’t clearly state in details how each allocation will be further utilised. Can you kindly elaborate on how these token allocations would cover specific functions of development, promotions & expansions as well as community and security operations? Also, with these tokens fully unlocked and amounting to half of total supply, how would your account for the remaining 50%, are they burnt or bought back?
Alex A: As a Trueplay member, I’m quite limited in what I am allowed to share before TFS token sale starts.
You can expect a few AMA sessions and new articles with fresh details revealing the detailed tokenomics and rules for burning/buy back process.
Gold Rocket | Satoshi Club: when possible please do not forget to share with Satoshi Clubbers.
Alex A: Will do! TFS team is working sooo hard and already launched TFSbeta for its users.
Gold Rocket | Satoshi Club: Please tell us a bit about your roadmap. I think there are very interesting moments. how do you select beta testers?
Alex A: Okay, seems like I should give you at least one small insight here) Beta users were picked up randomly, but up to the end of the week Fairspin team will roll out TFSbeta to all the users! It hasn’t been announced yet.
Gold Rocket | Satoshi Club: this is our secret and another 91k participants.
Alex A: stay tuned with the updates and make sure you follow https://t.me/tfstoken_group
Q3 from Telegram User @KathDM
Fairspin is an international online platform with a user pool of over 300,000 users worldwide. Since Fairspin is an international platform … Are there some countries with restrictions to register on the platform? We know that in some pre-sale of tokens or even in some exchanges there are certain countries that are not supported by the platform. Is something similar happening on the Fairspin platform? Is it a requirement to do KYC in order to register on the platform?
Alex A: Good questions! As Fairspin gaming platforms holds Curacao e-gaming license, there is a list of restricted areas where Fairspin can’t operate:
Aruba, Australia, Belgium, Bonaire, Bulgaria, Colombia, Croatia, Curacao, Czech Republic, Democratic People’s Republic of Korea (DPRK), Denmark, Estonia, France, Georgia, Germany, Islamic Republic of Iran, Italy, Latvia, Lithuania, Mexico, Portugal, Romania, Singapore, Spain, St. Maarten, Sweden, Switzerland, the Netherlands, the United Kingdom, the United States of America and Ukraine. The same countries won’t be allowed to participate in TFS token sale, no KYC is required to register on the platform.
Gold Rocket | Satoshi Club: by the way, where are you from. My country is on this list.
Alex A: Trueplay company is registered in Belize, the tech and marketing teams are located in the almost best place to work and live – Dubai.
Andrés M. | Satoshi Club: Do you have different local communities on telegram?
Alex A: not at the moment, the whole team is focused on launching new features for our users
everybody can join TFS Eng. speaking community https://t.me/tfstoken_group
Q4 from Telegram User @Jonahapagu
TFS is said to be a deflationary token with a regular buyback and a limited total supply. So what are the other details of the deflationary component of TFS, at what rate will the buybacks be done, and will buyback be the only deflationary component in TFS. Apart from being deflationary, in what other ways will you ensure that there is stable circulation and demand for TFS to give it a healthy market price and performance.
Alex A: Well, first of all, Fairspin will share a part of its monthly revenue with users that prefer to hold TFS tokens for profit, up to 100% emission of Hold to Earn and Play to Earn will be allocated to support healthy market price.
Andrés M. | Satoshi Club: Is there any other benefit for long term holders?
Alex A: Long term holders will benefit from holding TFS since Fairspin will provide its holders with more XXX profit. Meanwhile, sharing its monthly revenue with users who hold.
Q5 from Telegram User @andrey_seleznov
Thanks to your great medium channel, I read that TFSBeta token & Tokenized cash back is now available for a limited number of players. Could you please tell us more details about this initiative? How did you select these limited players eligible for cashback? How do you make sure other players do not feel bad for not being selected and missing out on the cashback offer? And finally, can Satoshi Clubbers join this program now that we learned about the TFS platform or is it too late already? Thank you!
Alex A: Answered above already, 5k users were selected randomly to test TFSbeta experience, this week TFSbeta will be rolled out to all of Fairspin users. And finally, can Satoshi Clubbers join this program now that we learned about the TFS platform or is it too late already?
Well, let’s do this! Join https://t.me/tfstoken_group and ask admin to provide you with the access to TFSbeta and you’ll be shortlisted immediately.
folks, to get shortlisted for TFSbeta, make sure you’re subscribed to both Satoshi Club and TFS token TG channels. https://t.me/tfstoken_group
Q6 from Telegram User @Highpee
Am particularly interested in your special feature which you call “Hold to Earn”. You said by holding a fixed amount of your token, users will be able to earn part of your monthly revenue as profit. How much should I hold in order to earn and for how long should the amount of token be held? Are these token meant to be stake on your platform to qualify for profit commission or will you be able to monitor the amount of token held in individual wallet in order to determine the quantity of profit commission they are to receive? Also will the revenue sharing be provided in the forms of product discount or cashback or will it be the distributed as $TFS directly to user’s wallet?
Alex A: How much should I hold in order to earn and for how long should the amount of token be held?
There will be a list of “Hold to Earn” programs with several options (time and min TFS amount to hold). TFS will keep everybody posted and announce Hold to Earn programs soon.
Are these token meant to be stake on your platform to qualify for profit commission or will you be able to monitor the amount of token held in individual wallet in order to determine the quantity of profit commission they are to receive?
Those tokens are meant to be staked in “Hold and Earn” program, users will be getting profits (% from casino revenue) directly to their wallet balance.
Also will the revenue sharing be provided in the forms of product discount or cashback or will it be the distributed as $TFS directly to user’s wallet?
There will be a set of holding (staking) programs available for all the users. All the TFSbeta users are already eligible to take part in holding (staking) programs. You see, while play-to-earn is a tokenized form of cashback, hold-to-earn is about sharing casino’s income with its players. No casinos have ever offer anything like that.
Andrés M. | Satoshi Club: I think our community is so excited as we are, so please tell us where and how to buy the token?
Alex A: You may purchase the TFS tokens at the upcoming token sale, join the Wait list at http://tfstoken.com and stay tuned!
PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS
The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.
Q1 from Telegram user @Nensam
As we wait and anticipate the launch of this token, how do you keep the entire community engaged in the values and offers of this project? Do you have ambassadors’/ referral programs, contests, quiz, meme competition going on or you have plans for them?
Alex A: There are 2 rounds of activities. First, Fairspin as a casino offers several bonus programs, including instant cashback in its TFS tokens.
Second, TFS launches bounty programs and giveaways. You just have to be a member of the TFS group and follow the news (especially pinned posts)
Q2 from Telegram user @lunaa_miracle
Is it possible for token holders to participate in the project’s governance? What kind of project-related decisions may people vote on?
Alex A: as the TFS token (https://t.me/tfstoken_group) has been designed specifically for Fairspin’s loyal userbase. Fairspin team will continue to roll out new features post token launch to a limited group of users and if a certain feature is accepted by them Fairspin will roll it out to the wider public. B
by the way, TFSbeta and “Play to Earn” are the results of such a process
Q3 from Telegram user @nitrogenpower
I want to invest right now before it is too late so can you please show me where can I buy your tokens?
Alex A: You can join the wait list at http://tfstoken.com/ , if you are a representative of a big investment fund and want to participate in private sale – feel free to contact us directly.
Q4 from Telegram user @mobilejii
What is the TFStoken strength and achievements till now? Do you support community feedback and suggestions?
Alex A: So far, TFS is the first token of a blockchain casino that is to share its income with players through a Hold 2 Earn program. Players will have the same gaming experience but at the same time will be able to earn more tokens within the Fairspin platforms. After the token sale, TFS token will be listed on DEX.
Now, TFSbeta is available in beta for a limited number of users – the Fairspin team did that to test it out, gather the feedback and launch even a better product. So yes, both Trueplay and Fairspin teams listen to their communities.
Q5 from Telegram user @ronaldo_super
What kind of blockchain games do you have and how do you provide high speed for gamers?
Alex A: Last one, good one, now the blockchain is integrated into casino logic, so every bet/win/withdrawal is published to the blockchain so users can make sure no shady schemes on the background happen. As a deeper dive, (catch the insight) Fairspin will get blockchain-based games powered by Trueplay team!
Q6 from Telegram user @highpee
Can you provide an insight into the COLLABORATIVE AGREEMENT between Trueplay and Fairplay Spin? Which team will be directly controlling the project as it stands? For how long are the two founding projects expected to work together? How will you be able to ensure smooth business running as well as prevent conflict of interest?
Alex A: Can you provide an insight into the COLLABORATIVE AGREEMENT between Trueplay and Fairplay Spin? Which team will be directly controlling the project as it stands? For how long are the two founding projects expected to work together? How will you be able to ensure smooth business running as well as prevent conflict of interest?
Trueplay team provides technical support for tokenizing Fairspin platform. The Fairspin team is the direct owner of TFS token. Trueplay team plans to support Fairpsin team as long as TFS token exists.
There’s not room for conflict of interest since Trueplay is just a painless tokenizer for Fairspin
Q7 from Telegram user @DK177
I am a Fairspin player who used to make deposits with TRON. What makes me to choose $TFS when it becomes available as a payment option? Do you offer special discounts or privileges if we choose your token? Thank you.
Alex A: oh, great to see Fairspin players here!
First of all, players will be able to make deposits in different fiat a crypto currency. And yes, TFS token is another token you can use for deposits.
But TFS is the token you get for playing games at Fairspin (as a cashback for every bet) and TFS is the only token for the ‘Hold to earn’ program.
‘Hold to earn’ program means you can choose some number of tokens and hold it for a fixed period – and get more tokens in return for holding. This amount will depend on the casino’s income, on the number of participants in the program, and on the holding period.
Q8 from Telegram user @nadee5
There are so many NFT type games and NFTs are really popular aspect now. Do you have any idea to introduce NFTs?
Alex A: yeah, that’s been a long long story since 2018:)
The story began in 2018 when Trueplay has started development of the tools that made business tokenization possible. We saw a great deal of potential in this and viewed blockchain as a solution to our need for transparency before both players & regulators.
Trueplay’s blockchain solution proves that any business can be tokenized and become safe, secure, and transparent at the same time. This will inevitably help us attract a new audience worldwide eventually as overall interest in blockchain gets momentum.
Q9 from Telegram user @KhaleesiTheCryptoLady
What are the benefits in joining the waiting list? What opportunities it brings to the users in the future?
Alex A: TFS token sale will be launched in a few rounds. The earlier you get in; the better price you get to buy tokens.
Later, the token is expected to grow in its price as it will be listed on DEXs and the circulation will be supported by Fairspin players.
Q10 from Telegram user @Gemshunter22
Do you have any rewards for beta tester who reports bugs? any bug bounty programme available?
Alex A: Wow, that’s a nice idea! we can launch one for sure, why not.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about TFS. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.
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