Home

  • Islander AMA — Project Overview with Viet Anh Tran, CEO (Recap)

    Islander AMA — Project Overview with Viet Anh Tran, CEO (Recap)

    On 01/03/2022 at 9:00 p.m. (PST), an AMA session was held on Avalaunch with special guest Viet Anh Tran, CEO, Islander . Below we present to you an excerpt from AMA with questions and answers.


    Dave Donnenfeld | Avalaunch

    Hello and welcome everyone to another AMA brought to you by Avalaunch. In the crosshairs today is our upcoming distribution event, a veritable first and our partnering project is none other than Islander. Here to tackle the tough questions and tell us more is Viet Anh Tran, one of the co-founders and the presiding CEO of this innovative earn-to-learn project. How are you today @vietanhtran2105 ?

    Viet Anh Tran| Islander

    I’m feeling very excited, especially with what we are currently doing with Avalaunch. So it’s more than a good day sir

    Dave Donnenfeld | Avalaunch

    Glad to hear that. So let’s get the party started…

    To start off with, please introduce yourself. What did your career and education look like before joining the crypto landscape?

    Viet Anh Tran| Islander

    So I’m Viet Anh — Founder and CEO of Islander.

    In Vietnam, most people know me as the Founder and CEO of Spiderum — a social media platform for youth to share opinions/knowledge with around 100.000 users and millions of visitors per month through many other channels such as: website, YouTube, Facebook…

    I was a small investor in crypto for a few years as well, before this first effort to venture in this space with Islander. So far everything has been good because I personally learned a lot and made so many good friends along the way.

    Dave Donnenfeld | Avalaunch

    That background is going to serve you in crypto most certainly as aggregating marketing power in this space is probably akin to herding cats. 😀

    It would be great to get an overview of the team, how everyone came together, and what the day-to-day operations of the project look like at this point.

    Viet Anh Tran| Islander

    I think we have certain advantages when it comes to this part

    We are a team that have been working together for years, through countless ups & downs, so our trust in each other’s capabilities is strong. Our CMO Nga has been working with me for 6 years now since our first startup Spiderum, other members also worked with me for a long time now, also in Spiderum.

    We shared the same vision of building sustainable products because we found each other and worked together in Spiderum. In Vietnam, what we are proud of the most is that we have always been considered good community builders by our community, who have resilience and integrity. We would love to bring our philosophy to the crypto world as well.

    Dave Donnenfeld | Avalaunch

    Thank you for the comprehensive answer Ser…moving along

    What is Islander at a high-level and what makes it important and relevant in today’s crypto landscape?

    Viet Anh Tran| Islander

    Islander is an online learn-to-earn and a decentralized platform to manage and market your own projects in a unique way. Project owners (crypto project managers, influencers, content creators) can quickly engage their audience’s attention and nurture them in the long term by giving out interesting and interactive quests as well as tradable NFT items, which are either pre-made by the platform or customized by its users.

    Our main features & offerings:

    • Innovative marketing services for crypto projects
      – Permission less affiliate model for influencers
      – Learn-to-earn activities for crypto enthusiasts
      – Ranking Features & Tracking Dashboard

    We all know that there have always been huge obstacles: the lack of tools and the lack of know-how, that held the adoption and promotion of Blockchain projects to the new-comer Investors. With Islander, we aim at making the adoption & promotion easier, Blockchain Projects will be able to apply many interesting game elements into the promotion of their projects, such as Game Visuals, narrations, quests, rewards, leaderboards and so much more. Our aim is not to create a game, but to make investing and marketing a game.

    Dave Donnenfeld | Avalaunch

    Boom. Just like that. The Imperium people stepped up with the bullets and you’re following suit here. The AMA game is tight.

    Bringing together communities, learning and marketing in one unified platform is a very compelling use-case for crypto. How did the idea come about and why was it important for you to build this project?

    Viet Anh Tran| Islander

    I think it started from our own pain point as community builders in Spiderum. We have always wondered how we could leverage the power of the community and incentivize our users to support the platform growth. With Islander, we believe that we can leverage the power of blockchain technology to not only help us but also help others who face the same struggles. At the end of the day, community is the most important thing for us, and we would love to help others to engage and build their communities sustainably.

    I believe Islander will attract a lot of attention from crypto projects as community building is really a pain point in the market right now. One of our missions is to create a solid target market and distribution method through a learn-to-earn and quest-based model. We believe that we can help newborn projects build solid communities by educating their members through our learn-to-earn model.

    Dave Donnenfeld | Avalaunch

    It is hugely needed in crypto, more of a gaping hole than a pain point.

    I have to say that gamified marketing is very metaversal so the larger play here is apparent. Since we’re redefining the future of work here — Tell us about the “learn-to-earn” model and why this will be impactful for people globally.

    Viet Anh Tran| Islander

    With the learn-to-earn model, crypto projects can create quests to incentivize users to learn and market the product. For the crypto enthusiasts, they will save a lot of time and effort finding the right projects they would like to support, and even earn rewards by learning/sharing about them.

    It’s a win-win situation in which crypto enthusiasts get rewards for acquiring knowledge and flattening the learning curve to join crypto, while projects can attract the right supporters who would be there for them in the long run. At the end of the day, we believe that quality will outweigh quantity when it comes to community building 🙂

    Dave Donnenfeld | Avalaunch

    What exactly is “an island” on Islander and how do they work? What are the various aspects of the project that come together to make this unique?

    Viet Anh Tran| Islander

    With Islander, we want to create a world with thousands of islands, each one is the representation of a crypto project. Islander will allow project owners (on our platform they are Island Lords) to create quests to attract, educate and engage with their community members. On Islander, everyone can also be influencers (Boat owners), who can get extra rewards by bringing residents to islands through affiliate marking activities.

    Dave Donnenfeld | Avalaunch

    Let’s populate some islands 😀

    Within Islander there is a ranking system that allows users to grow reputation inside of the platform. What can you tell us about the system and why is this an important component to the Islander ecosystem?

    Viet Anh Tran| Islander

    Almost all games have a leaderboard, and Islander is no exception. With the help of transparent crypto transactions, the Islander Leaderboard will offer fair competition for everyone.

    Islander will have different leaderboards for different parts of the platform, which we will introduce along the way in our development plan:

    • Island Lord Leaderboard: For Islands (Crypto projects) that have the most residents/the highest rewards distribution/etc.
      – Boat Owner Leaderboard: For Boat Owners (influencers) who bring the most residents to different islands
      – Resident Leaderboard: For residents who complete the most quests on Islander

    We will also introduce monthly, quarterly, and yearly leaderboards with different rewards introduced and developed further in the future.

    Dave Donnenfeld | Avalaunch

    Nicely laid out. At launch, the platform is integrated with your brainchild Spiderum. What is the significance of this integration and how did it come to be a part of the platform at launch?

    Viet Anh Tran| Islander

    To be clear here, the integration will happen later in our Roadmap, meaning later this year. But it will definitely be a big milestone that we all are looking forward to

    Our intention is to develop a solution to plug in web 2.0 communities like Spiderum (and Spiderum would be the perfect test to customize, optimize). Islander is designed to fit perfectly in the use of intellectual property, such as content, where content creators from many other platforms as Spiderum can create and optimize their “conditions’’ for others to access their works, with not just cryptocurrency, but with NFTs ticket or trading with other content creators on the ground of blockchain technology. Our ambition is to empower existing web 2.0 communities and bring them to a web 3.0 environment.

    Dave Donnenfeld | Avalaunch

    That’s something to point to as it will tie things together nicely

    Islander also utilizes NFTs to achieve a unique sense of ownership over the reputation on the platform, amongst other things. What roles do NFTs play within the Islander ecosystem and how do you expect people will use them?

    First of all, we will offer cashflow NFTs (for example Boat NFTs for Boat Owners on Islander) that help people make more money while learning and helping crypto projects to grow. We also intend to expand the Islander World into a metaverse called The Island-verse. This is to push the idea of using NFTs in Affiliate Marketing further, making it available to other areas such as art and music, sport and sport betting, video games etc. We also want influencers and content creators on other platforms to have means to spread their works easier by selling access to their “crops” (knowledge/content) through NFT tickets.

    Dave Donnenfeld | Avalaunch

    Let’s talk about the iSA token and it’s utility. How does it drive the platform and encourage adoption?

    Viet Anh Tran| Islander

    So our token is ISA and here are its use cases:

    1. Payment for platform services:

    – Projects: user reports/analytics, marketing services (banner, ranking etc.)
    – Influencers/ users: payment for affiliate & learn-to-earn activities
    – Content creators: payment to mint NFTs tickets to sell access to exclusive content

    2. Staking: Tier up to earn interest and have higher platform benefits

    3. Burn mechanism: part of platform fee will be converted to ISA are burned as a mechanism to reward all ISA holders community by reducing total supply

    Dave Donnenfeld | Avalaunch

    People loving on a deflationary mechanism Sir. What does the development roadmap look like and what has been accomplished so far?

    Viet Anh Tran| Islander

    This is our roadmap. So basically the next big milestone is that we will be launching on mainnet at the end of this month. There will be huge campaigns that we will work together with our partners to bring the concept of Islander to the community in the most convenient and rewarding way.

    You might have joined our testnet event, in that event we attracted 100k+ participants in under a week and had to close earlier than expected because the reactions were much higher than we dared to expect. I hope the mainnet events will drive the same or even better results when it comes 🙂

    Dave Donnenfeld | Avalaunch

    Good on you for being so close to mainnet. How does Islander plan to drive adoption of both users and crypto communities?

    Viet Anh Tran| Islander

    In the case of Islander, the problem is a chicken-egg problem (which we have faced and solved before with Spiderum, so lucky for us haha): to acquire users to participate in the task, there must be quality projects; In contrast, to attract quality projects, a large enough user base is needed. Islander develops both in parallel through the following forms:

    On one hand, we formed partnership with high potential and quality projects: Currently, Islander has been cooperating with Avalaunch, Pangolin, Kalao, YAY Games, Colony, RocoFinance, Talecraft, Avaxtars, Avaware, SupraOracles, DareNFT, Faraland,… and will continue to promote activities with other projects in the future.

    On the other hand, we formed partnership with communities/KOLs to not only market the project but also encourage them to set up a profile on Islander and support possible campaigns on our platform later on. Till now, Islander has cooperated with many large communities/KOLs such as Coin68, TCVN, CoinF, CryptoFamily, AVStar, Cryptoiz, Moneyking, Avaxholic, Dynasty Korea, Maven Capital, Top 7 ICO, Crypto Differ…

    In order to keep our users with us in the long run, Islander will continuously listen to feedback from the market and constantly develop products, features, and build more extensive cooperation to deliver a great product and solve each and every day challenges that projects and users are facing

    Dave Donnenfeld | Avalaunch

    You have been very active in this regard. One of the more integrated projects we’ve had coming into their token generation and I’d imagine the distribution with us is only going to help that.

    What was it about Avalanche that compelled you to build here? What has been your impression of the community and its ecosystem so far?

    Viet Anh Tran| Islander

    For sure, and we are very grateful to have this opportunity to work closely with Avalaunch. You guys have always been the role model for projects like ours 🙂

    Coming back to your question, the reason we chose Avalanche is, besides Avalanche being a blockchain with great UX and speed and impressively rapid growth, we are amazed by how the people behind Avalanche and also the builders in the Avalanche ecosystem created an ecosystem of knowledge and mutual support among blockchain projects built on it.

    For example, we have learned a great deal from our partners, especially Avalaunch, or Kalao, Colony, Pangolin… This is not the case with other chains, where new projects might not be able to find the same amount of support at their earlier stage despite how hard they try. Many ecosystem, in our opinion, seem to be too crowded and chaotic for a new project to acquire the right mentorship and partnership that could help them build sustainably for a long time.

    Dave Donnenfeld | Avalaunch

    these are good points. Avalanche projects are generally pretty open and quite helpful to each other.

    what is the Islander “grand vision”? What would the project look like in 5 years if the team was able to execute on it’s most ambitious version of the project?

    Viet Anh Tran| Islander

    The end goal in mind for us right now is to build a decentralized world facilitating knowledge transfer and accelerating mass crypto adoption.

    In the long run, we would like to create an Island-Verse where every player, from crypto projects, influencers to individuals, can connect, exchange values and gain benefits in a gamified economy. Users can own and trade NFTs, build communities, and earn crypto rewards by playing and contributing to the development of this Island-Verse.

    Twitter Questions

    @KomKotha who asks — Can you get influencers and crypto market participants to evaluate the project?

    Viet Anh Tran| Islander

    In the Islander world, influencers and crypto market participants are the ones who directly evaluate and decide the success of the project. The better the project, the more appreciated it will be by influencers and crypto enthusiasts. And of course, if the project is good, that island will be more popular.

    @muinlyreol wants to know — Given current market conditions, can you explain why users should participate in the long-term development of the Islander ecosystem?

    Viet Anh Tran| Islander

    I love the question and will be as straight as possible to you: We can’t control the market. We can’t tell/give you the advice on what to do with ISA. What we do best from day 1 of our entrepreneur journey till now is keeping ourselves honest to everyone — our partners, clients, users etc.

    But you can be sure that, due to the nature of Islander, which is developed to support other projects and help Retail Investors connect with great investment opportunities, we can continuously develop our product and partnership to actually generate more and more revenues even when the market is bearish.

    Besides all that, we have the experience of managing and developing platforms, with the contribution of the best people in Product Development, Marketing, 2D/3D Art, and Gamification… We succeeded in building Spiderum from scratches. I can promise you that we are eager to do it again, with Islander, for many years to come, with all of our passion. We’ve been through thick and thin, and this time we will be ready to face whatever comes towards us. So yes, please stay with us for our long-term vision if you have confidence in what I’m saying 🙂

    @trinhcrypto1997 — Could you tell us some of the projects you’ve onboarded and the plans to attract more real crypto enthusiasts to Islander?

    Viet Anh Tran| Islander

    Till now, Islander has been cooperating with some prominent projects such as Avalaunch, Pangolin, Kalao, Colony,Talecraft, Avaware, Faraland… and we will do something interesting together later this month

    We believe that by attracting the right projects and setting good learn-to-earn campaigns, we will attract more and more crypto enthusiasts into our platform

    @ladyseorama— What were the reasons that motivated you to create the Islander project?

    Viet Anh Tran| Islander

    I think I already answered this question above 😀 it comes from our own pain points as community builders in the case of Spiderum

    @billkillchill— what was the inspiration to use the “island” as a concept?

    Viet Anh Tran| Islander

    Because in Islander, each island will represent one project. And a good project will be an island with many residents, in which each resident represents one crypto enthusiast. Also, the concept of boat owners would also resonate with the whole idea. So in short, with this island concept, we will make the project development story more interesting and intuitive to every one to be engaged.

    Telegram Questions

    J. Marin

    I’m curious … Will I be able in the future to buy an island as a special, rare and unique NFT on Islander?

    Viet Anh Tran| Islander

    If you are a project owner, then the answer is possibly (not now though, we are offering islands to some of our earlier partners for free). But as crypto enthusiasts, we will have other NFTs to offer soon, these NFTs would help you earn more in our learn-to-earn and share-to-earn activities. Please stay tuned and follow us for more updates in the coming months 🙂

    FreddyCoughan

    Binance exchange is life changing for many crypto project. Have you ever dream that one days $ISA token will listed on Binance? If yes, What’s the core factors that motivated you to make it became realty?

    Viet Anh Tran| Islander

    Our focus is on building a really good product and other things would just come as a result of good work. So in order to answer this question of yours, I think exchange listing is cool because it works like a recognition of your work, but we in Islander don’t want to rush for anything and don’t want to put it as one of the achievements we have to reach no matter what. Instead, we want to focus on serving our partner projects & users to our fullest extent and we will see how it goes from there 🙂

    ®llrloll®

    I want to ask why did you choose to put Islander on the Avalaunch chain? And how does your team ensure the price of ISA won’t drop big after IDE because 100% of ISA sales will go to the stakeholders of the XAVA community.

    Viet Anh Tran| Islander

    I already answered the part about our choice to build on Avalanche ecosystem earlier. But I still choose this question because I want to answer the second part of your question.

    There will surely be participants who take short-term profit in every IDO, but we are confident that we have been working closely with Avalaunch and other partners to prepare for the scenario you mentioned.

    Your concern is really on point. However, unlike the common situation where projects have to solve the conflict between backers and supporters, Islander believes in giving prospects for both by growing the community with ISA distributed carefully.

    After analyzing the situation, we realized that the chance is low, especially when we have our Mainnet event coming soon, which is considered a great leap in our product development and will positively affect the market. This scenario is also included in our Market Making plan, which covered such situations and also how the market condition will be.

    Besides, it is Avalaunch we are talking about. Avalaunch has always been one of the best (if not to say the best) launchpads, and for a long time, the Avalaunch Community has been informed and familiar with our Islander project. I think we won’t see a big problem here at all 🙂

    SALome

    I have read that on the Islander platform that you provide customizable tasks, management applications, and payment gateway services. Can you tell me how the payment gateway works and in which area it will be used?

    Viet Anh Tran| Islander

    This is what we will develop to support content creators in the future. Basically what it means is that content creators can sell access to their exclusive content through the payment gateway supported by Islander & our ISA token and through our NFT-powered tickets.

    Bong Cha 🎈 KOLLECT FAN💕🥀

    Islander has collaborations with partners like Kalao, YAY Games, Colony, SupraOracles. Will your collaborations continue in the future? What kind of work do you do with your partners, what is the advantage?

    Viet Anh Tran| Islander

    Absolutely. Our partnerships are always built for long term and there are many things we could do together with each and every partner. For example, our partners can all organize learn-to-earn campaigns on Islander, and it will be long-lasting. At the same time, with specific partners there will be other things we could work together as well. For instance, let’s take Avalaunch into consideration: we both could work together to build a mutual plan to support new and promising projects by leveraging the power of both of our communities, and those kinds of partnerships are the things that we would keen on exploring for the development of the whole Avax ecosystem.

    Dave Donnenfeld | Avalaunch

    Very much appreciate your time here today and the thoughtful answers

    It’s been impressive and a breeze to go through.

    Viet Anh Tran| Islander

    Thank you very much for listening to me today. I hope I was able to share some information about our project that could be helpful for the Avalaunch community

    Dave Donnenfeld | Avalaunch

    We very much look forward to the unprecedented distribution offering and inviting our community to hold and participate in the Islander Initiative.

    On behalf of us all, many thanks.

    Lovish Shahi| Avalaunch

    If you want to learn more about Islander, please do not hesitate to follow our social channels here: https://flowcode.com/page/islander

    Viet Anh Tran| Islander

    My biggest thanks to the Avalaunch team for making this happen. We really appreciate it and as I said, you guys have always been our role model and I wish that our partnership would last forever 🙂

    Dave Donnenfeld | Avalaunch

    Thank you. Been great getting to know you and Islander and look forward to our continued work together.

  • Islander AMA — Project Overview with Viet Anh Tran, CEO

    Islander AMA — Project Overview with Viet Anh Tran, CEO

    Join us in the Avalaunch Telegram group for the first of two AMAs with the Islander team.

    We will be joined by Viet Anh Tran, CEO, where we will be covering the project at a high level. The focus of this AMA will be the business development, vision, road map, and post-IDO plans.

    In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with $25 USDT each, for a total of $250 in prizes

    Date & Time

    AMA Contest Rules

    To be eligible to have your question selected, you must:

    🐦 Follow: Avalaunch & Islander

    ✈️ Join: Avalaunch Telegram & Islander

    ♻️ Retweet: Tweet & Tag 3 Friends

    There will be two ways to submit questions:

    1. Commenting on the Twitter post announcing this AMA
    2. Live during the AMA

    Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.

    During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.

    If your Twitter or community question was chosen, you will be contacted to receive your prize.

  • Islander IDE x XAVA Airdrop: Initial Distribution Event

    Islander IDE x XAVA Airdrop: Initial Distribution Event

    Despite the advantages and intrinsic fairness of life in a decentralized world, good information is fragmented and even the best projects can be passed over if they don’t get needed attention from jump.

    As anyone who has attempted to navigate the landscape of crypto can attest, messaging is spread far and wide. For those seeking even the most basic knowledge, there are endless social media outlets espousing the virtues of their favorite chain, project or technology. Ordinary people can find it overwhelming and often resign themselves to being exposed to a mere glimpse of what is out there.

    For marketers, it is similarly problematic. Even the most qualified are often siloed and entirely left to their own devices as they labor to reach an overwhelmed audience. There are just too many flags planted in the ground and not enough cooperation and cohesion in the message. Islander has set out to change this through the creation of the ISA token paired with a rather inventive “learn-to-earn” model.


    The Reveal

    This is a project that is a long time coming; having been forged over the course of many months through friendship and a basic desire to make the space better. For Avalaunch as a platform, we have noted the genuine strides Islander has made in recent months—from both a business and technical perspective. Their raise overall is modest as it is a grassroots projects so initially, despite our relationship and support, we wondered if an IDO would be possible.

    Not wanting to raise more than what they need, a boutique style offering was created for the Avalaunch community totaling $300,000 USD worth of ISA. We thought it might be a great time to show appreciation and support for the community as well as the Islander initiative and purchase this allocation for our second IDE (Initial Distribution Event).

    To that end, the Islander public sale has been purchased by Avalaunch and will be distributed at no cost to our devoted community through our second IDE (Initial Distribution Event). The IDE will operate similarly to our IDOs, minus any costs to the participant.

    But wait…there’s more!

    In addition to the Islander allocation, Avalaunch will be adding $300,000 USD worth of XAVA to the IDE, bringing the total up to $600,000 of pooled assets.


    Overview

    At its core, Islander is a decentralized affiliate marketing program that is powered by NFTs and intent upon revolutionizing the legacy affiliate model via its learn-to-earn mechanics. Central to this proposition is the native token Islander (“ISA”), which serves multiple purposes:

    • To help projects discover, grow and maintain an audience of bonafide supporters.
    • Allow key opinion leaders the opportunity to leverage their combined marketing power and earn.
    • Create earning opportunities for content creators.

    Additionally Islander provides:

    • Intuitive toolkits for users to manage multiple projects
    • Full support for developers
    • Wallets, plugins and management apps
    • A payment gateway platform

    A permissionless, share and earn proposition that is powered by NFTs could represent a boon for crypto projects, content creators, marketers and enthusiasts alike. If there ever was a grassroots, community-driven project building on Avalanche, this may well be it. The Islander team is driven and spirited. Their raise is modest in size but their ambitions are by no means small.


    Islander — Links & Team

    Website| Telegram (Announcement)| Twitter |Medium


    Partners and Backers:

    Naturally, a project that aims to aggregate content creators, key opinion leaders and the litany of qualitative contributors to the crypto ecosystem, it stands to reason that those they are working with is a good indicator of their development.

    Their list of Avalanche ecosystem partners and backers is also considerable:

    “Avalaunch has always been our most trusted partner from Day 1 of this journey. We are very happy to finally work with Mark, Dave and the team not only in this IDO, but also in many other activities in the future. Islander and Avalaunch both value honesty and integrity and these shared values will undoubtedly ensure a long-term partnership between us,” states Viet Anh Tran, Founder and CEO of Islander.


    Final Thoughts

    The idea of aggregating marketing power and community is not lost on us—we are, after all, only as good as our community and the projects they embrace. Islander has come a long way in a relatively short period of time as evidenced by the inroads they have made in the Avalanche community along with some notable fundamental progress. Having had the fortune of knowing them for many months, they have matured to the point where we feel they are ready for launch.


    Funding Numbers:

    • Seed: 770M ISA at .0005 USD — $385,000 USD
    • Private: 1.05B ISA at .001 USD — $1,050,000 USD
    • Public Sale: 200M ISA at .0015 — $300,000 USD

    Total Raise: $1,735,000 USD


    Supply — Breakdown & Vesting:

    Total Supply: 15,000,000,000 ISA

    • Ecosystem: 4.5 B ISA (30%)
    • Staking Rewards: 2.25B ISA (15%)
    • Team and Advisory: 2.25B ISA (15%)
    • Marketing & Partnerships: 1.715B ISA (11.43%)
    • Liquidity Provision: 15,000,000 ISA (10%)
    • Private Sale: 1.05B ISA (7%)
    • Seed Sale: 770M ISA (5.13%)
    • Content Creators: 750M ISA (5%)
    • Avalaunch: 200M ISA (1.33%)
    • Testnet Airdrop: 15M ISA (0.1%)

    Total of 99.99% resulting from rounding


    Vesting Following TGE:

    • Ecosystem: 30-day cliff, monthly vesting for 60 months
    • Staking Rewards: 30-day cliff, monthly vesting for 40 months
    • Team and Advisory: 12-month cliff, monthly vesting for 20 months
    • Marketing and Partnerships: 3% at TGE, monthly for 32 months
    • Liquidity Provision: 600K at TGE (2-sided), discretionary Unlock*
    • Private Sale: 10% at TGE, 60-day cliff, monthly for 18 months
    • Seed: 5% at TGE, 3 month-cliff, 24 months vesting
    • Content Creators: 3% at TGE, monthly for 32 months
    • Avalaunch IDO: 50% Unlocked at TGE, weekly for 4 weeks
    • Testnet Airdrop: 100% unlocked

    *Following TGE, the liquidity unlocks are discretionary as their overall listing plans are not yet fully finalized.


    Other:

    • Initial Circulating Supply: 332.45M ISA (excluding liquidity tokens)
    • Initial Market Cap: 498,675 USD (excluding liquidity tokens)
    • Initial Liquidity: 600K total—300K ISA and 300K USD of AVAX
    • 100% of the sale will go to community stakers of XAVA

    Recap

    • Total ISA: 200M ISA
    • 100% will go to the community stakers of XAVA
    • Size: $300,000 purchased by Avalaunch
    • Vesting — 50% Unlocked, weekly distributions for 4 weeks

    Islander IDE Instructions

    As this sale is unique, the steps to participate will look slightly different than our regular IDOs.

    1. Registration

    You will register for the IDE as normal during the registration period. You will still need the 1 AVAX deposit, which will be returned to you during the claim process.

    2. Sale

    There will not be a validator or staking round where you purchase your allocation. To be eligible for your ISA and XAVA allocation, all you need to do is register with your stake or validator as normal.

    3. Redemption

    We will deploy a claim card on our airdrop page for you to claim your allocation, instead of you needing to purchase it during the sale. This means you don’t need AVAX to purchase or deal with gas fees during the IDE.

    4. Redemption Details

    When the claim card is live, you will be able to claim your allocated ISA, XAVA and 1 AVAX deposit in one single transaction.


    The Islander IDE on Avalaunch

    • 200M ISA (Total Supply: 15B ISA)
    • Purchased and distributed by Avalaunch

    Registration Schedule:

    • Registration Opens: January 2nd at 3:00 p.m. (UTC)
    • Registration Closes: January 5th at 6:00 a.m. (UTC)

    Claiming Schedule:

    • Claiming Goes Live: January 7th 6:00 a.m. (UTC)

    The XAVA Airdrop on Avalaunch

    Those who register and participate in the Islander IDE will also receive an equal dollar amount worth of XAVA.

    • 300K USD worth of XAVA at market value
    • Price to be determined after registration closes and prior to the beginning of the claiming round
  • Imperium Empires AMA #2 — Technical Deep-Dive with Cliff Yung, CEO (Recap)

    Imperium Empires AMA #2 — Technical Deep-Dive with Cliff Yung, CEO (Recap)

    On 12/19/2021 at 10:00 p.m. (PST), an AMA session was held on Avalaunch with special guest Cliff Yung , CEO. Imperium Empires. Below we present to you an excerpt from AMA with questions and answers.


    Dave Donnenfeld | Avalaunch

    Hello and welcome everyone to the sequel of our most epic AMA with Imperium Empires. This Part II will be more of a technical deep dive and we are fortunate to have Cliff Yung aka @darksoulrepo, one of the Co-Founders of Imperium with us here today. Cliff, before we get started, we appreciate you joining us today. How are you doing?

    Cliff Yung | Imperium

    Doing great! thanks for hosting me, and a big thanks for our supporters who registered for our IDO!

    Dave Donnenfeld | Avalaunch

    Indeed Sir. Let us not wait as our community is eager to know some more about Imperium.

    To begin- Imperium Empire sets out for a new era of blockchain gaming — a challenging feat indeed, but let’s start from the beginning. To help everyone get a full picture, why don’t we start with you telling us about yourself. What did your education and experience look like before you transitioned into a full-time role on the blockchain?

    Cliff Yung | Imperium

    Sure, before I went into crypto, I used to be a corporate finance lawyer, and have worked with a few top tier international law firms. But I’ve always been interested in new technologies, so when I first heard about bitcoin, ethereum and smart contracts around 2016, I spent a lot of time looking into crypto, and was fascinated as to the impact that it can make!

    I finally got into crypto in 2017 as a crypto lawyer, helping projects do ICOs, and also helping crypto funds with regulatory compliance when they trade cryptos.

    Dave Donnenfeld | Avalaunch

    Well personally, I’m glad to hear you got out of corporate finance and joined the movement

    Next question — With such high-level mechanics and something as demanding as building a metaverse. How long has Imperium been in production for? What sets of technical difficulties did you encounter and have these challenges changed the direction of the project?

    Cliff Yung | Imperium

    Yes there’s a lot of work to do, and we’ve been working on it over the past 6 months — starting with the game design, which we are able to map out the most important parts early to ensure the execution is smooth.

    I guess a lot of people will think that the biggest challenge will be the graphics, but that’s actually not the case. Since our team is highly experience in building high-quality games, AAA-quality graphics for blockchain games is pretty easy for us to do.

    The most difficult part is in fact the backend infrastructure. Since Imperium is a MMO game that will potentially attract hundreds of thousands of players, we need to make sure that the game servers are robust enough to handle that traffic, while at the same time cater for the low-latency requirements needed for our players in South East Asia.

    So far we’re sticking to the direction we originally envisaged!

    Dave Donnenfeld | Avalaunch

    The team is impressive to be sure. You have onboarded a genuine all-star cast. Global MMO backend sound a little scary. Kudos to sticking with the vision. With all the trends, it can be easy to stray.

    Imperium Empire is built by pioneers with years of experience and vast pedigrees in blockchain and game development. How did a team as strong as this come together, and unify their vision into this metaverse project?

    Cliff Yung | Imperium

    Great question — to do a project of this scale and complexity, it’s rly about building a talented team.

    We started to build the team since early this year. Having met with hundreds of people, I finally found the best devs and marketing team who are capable of doing a project like Imperium.

    We currently have a team of 40, including an experienced in-house game development team led by our lead game developer and art director — he has 12+ years game development experience, having led the development of 8 games across PC/mobile/console with 7m+ total players.

    As for our blockchain and back-end game server dev team, we have a few senior blockchain and full-stack developers — each of them used to work with Animoca Brands’ parent co. and has 15–20+ years experience building and maintaining game servers, and working with smart contracts.

    One of our product managers also used to work as a business development and product manager with Tencent, the largest gaming company in the world, covering extremely popular titles such as League of Legends — he’s helping us to curate the go-to-market strategies for the different segments of our player base as well.

    Dave Donnenfeld | Avalaunch

    Yeah, the 40 number came up the last time. It’s a layer 1 size group so I’m now upgrading it to an all-star “ensemble” cast. It is well layered to across disciplines so kudos for that. Moving along — With integrations of NFTs and DeFi solutions, what set of challenges do you envision to encounter and what measures have you taken or you think will be required to take in order to tackle them?

    Cliff Yung | Imperium

    The biggest challenge we will probably encounter, is how we can make the DeFi integration into the Imperium metaverse seamless, from a UI/UX perspective.

    The key to successful partnerships with top DeFi protocols like BENQI, is being able to let our gamers enjoy the benefits of DeFi without needing to learn concepts like TVL, liquidity mining, yield farming, etc.

    So our game designer team and UI/UX team are working closely together to look at (i) games that feature a thriving in-game currencies economy; and (ii) how businesses in the non-crypto world are able to provide better UX for their customers through digital transformation. So we can put these together when we design the UI/UX of how players will be interacting with the DeFi protocols in game.

    Dave Donnenfeld | Avalaunch

    As a Metaverse project, how immersive will the experience be? In addition to land and spaceship sales, what other actions will gamers be able to perform? Can you talk to us about the guild tournaments and how these will power the ecosystem?

    Cliff Yung | Imperium

    So Imperium Empires is a 3rd person, real time strategy, massive multiplayer online space game. Every player controls a fleet of spaceships in a vast metaverse, mine resources, build and expand their empires, and compete with other guilds to take control of territories in the metaverse.

    So we pioneered the Team-to-Earn mechanics that bonds players together in a guild. Playing Imperium Empires becomes a fun and social gameplay experience, which means players will be much more sticky with our game in the long term, because they have personal connections with other guild members.

    The guild tournaments will work this — each guild will need to buy or lease a piece of land sector in the safe zone, build structures to support guild members (e.g. spaceship docs and hangers, material collection points, etc.). Guild members can also stake IME tokens to upgrade the guild technology level. Upgraded guilds can hold more guild members and have more powerful structures on their lands.

    So guild members will venture out into the combat zone and war zone to take control of the territories there, as well as battling with other players.

    Guilds will compete in seasons — top guilds will be rewarded with lucrative play-to-earn rewards based on a range of factors (e.g. the most regions and landmarks occupied, kill count, etc.).

    Dave Donnenfeld | Avalaunch

    That’s an @mleotan level answer. He must be proud. 😁 This is super informative and helpful as you can sense the layered quality to the game.

    Very cool so anyone taking a closer look at the Imperium gamefy metaverse will realise that its core is rather complex. Can you give us a high-level overview of the core mechanics that define the Imperium Empire?

    Cliff Yung | Imperium

    Yes — the core mechanics evolve around two things — PvP battles and guilds.

    For the PvP battle system, what is unique about it is that NFTs like spaceships and spaceship components can be destroyed in battles. This leads to natural deflationary tokenomics and NFT supply directly related to the Imperium gameplay.

    Players who destroy other players’ spaceships or spaceship components in the combat zone and war zone, will also be able to loot the destroyed spaceships for components.

    As for the guilds system — I’ve given a brief overview above, the key is to enable players to compete in teams which is way more exciting than 1-to-1 PvP gameplay!

    Dave Donnenfeld | Avalaunch

    The vision as the world’s first AAA GameFi 2.0 is solid with not many people daring to even dream of, but it is clear the team at Imperium took the time to devise features, rivalry to the most popular blockchain games of this time. Can you describe how these features enable Imperium Empire to become unique even among niche games like Axie Infinity or Illuvium?

    Cliff Yung | Imperium

    Yes, we are not just another AAA-quality blockchain game. In fact, Imperium is the world’s first metaverse that has the following features:

    1. Deflationary tokenomics: most GameFis have a hyperinflationary NFT mint mechanism, even Axie — the supply of NFTs scales exponentially with the number of players. So without a NFT burn mechanism to balance the supply growth, the supply always outgrows the number of new players coming in, reducing the rarity of the NFTs minted.

    Therefore, to solve this problem and as explained above, core to our game design is a deflationary PvP battle system where NFTs owned by players (e.g. spaceships) can be damaged, disabled or destroyed, along with the looting mechanisms

    2. Seamless DeFi integration by Gamifying DeFi: many GameFis fail to live up to their promise of the “Fi” part, with limited DeFi integration except for simple staking. We take a completely different approach by seamlessly integrating DeFi throughout our whole metaverse — whether as part of the core gameplay, or NFT drops. The partnership with BENQI we explained above is a good example of this.

    3. Guild based gameplay: As explained before, gaming is now more like a social experience with your friends than playing the game itself. And given the huge number of players playing blockchain games (e.g. Axie Infinity has 2 million active players), it makes perfect sense for a blockchain game to be an MMO game like ours, so having a well calibrated guild system is a must. Guild based gameplay is also highly beneficial to the players, as the saying goes: team-to-earn, more returns!

    Dave Donnenfeld | Avalaunch

    I take back what I said earlier. This is a Leo level answer! Thank you for that. It’s enlightening.

    Speaking of a unique position in the blockchain and gaming market, can you share any insights into where the deal flow for the gamers is coming from?

    Cliff Yung | Imperium

    Sure! Our main target market will be South East Asia, where many blockchain gamers are currently in. In fact, not just the blockchain gamers, but also the huge population of gamers in the SEA region.

    So our marketing team is very experienced in SEA — I’m sure you all have met our CMO Leo — he’s a native Filipino who has a huge network of influencers in both the Philippines and Thailand (50%+ of Axie’s players are based in the Philippines). Many of his connections are well-known celebrities and will help us a lot in terms of hyper-localized marketing.

    And since we are targeting non-crypto native gamers, we’re also in talks with one of the largest gaming and e-sports company in the SEA region to explore partnerships.

    With these strategies, we’re very confident that we will be one of the blockchain games that can bridge the gap between non-crypto native gamers and blockchain games. After all, globally there are 3 billion gamers so the market size is much bigger than existing blockchain gamers!

    Dave Donnenfeld | Avalaunch

    This is cool stuff…Seeing that you’re building on arguably one of the most engaging communities, is there anything you can reveal at this time for the more savvy audience about the alpha testing programmed?

    Cliff Yung | Imperium

    We’re working very hard to build a gameplay demo, so that we can show the community some gameplay by the end of Q1 2022 — a lot of details are yet to be finalized, but stay tuned for our announcements!

    Dave Donnenfeld | Avalaunch

    We threw you a softball there. 😃 Let’s get back to it — Imperium Empire will essentially be the first metaverse project built on the avalanche network. How hard has it been for the Imperium team to build the first Metaverse project on Avalanche, and what helped the team decide to build on this chain as opposed to other chains?

    Cliff Yung | Imperium

    We’ve looked at many other protocols, and Avalanche is the only blockchain that fits our needs because of the following 3 reasons:

    1. Close and long term partnership: As one of the few AAA-quality blockchain games in the market, we’re here for the long term and looking to have a close and long-lasting relationship with the blockchain that we build Imperium upon. Out of all protocols that we’ve spoken to, we feel that the Avalanche Foundation offers us a lot of support other than investment, and the Avalanche eco also has a lot of high quality projects that we can partner with and build our community upon.
    2. EVM-compatible: One of our main target market will be South East Asia because a lot of blockchain gamers are based there, and they are so used to tools like Metamask — therefore from a UX perspective, it’s important that we can port blockchain gamers over from other EVM-compatible chains such as BSC to Imperium on Avalanche.
    3. Fast and stable blockchain: As we gradually move our game logic on-chain, there will be more on-chain transactions. Being an MMO game, transaction speed and stability of the protocol are super important for a smooth UX.

    Dave Donnenfeld | Avalaunch

    Thank you again. Value prop of Avalanche and Imperium in general is very clean.

    What do the long-term goals look like for Imperium? What are your plans for expanding the metaverse, will there be a higher level integration with DeFi or will you focus more on expanding more on the game side?

    Cliff Yung | Imperium

    Most of our 2022 will be hyper-focused on building out the game — the most important thing for us to do for our community is to get our game ready so they can start playing.

    The DeFi integration will probably come at a later stage after our game release, but of course this can be a moving piece and we’ll closely listen to feedback from our community.

    Dave Donnenfeld | Avalaunch

    Well done Cliff. To conclude this leg of your journey here…Thank you for this amazing interview, is there anything you would like to share with us today? Are there any specific look-outs you’d like the community to be aware of?

    Cliff Yung | Imperium

    Sure, you can find more about Imperium Empires in our website and socials, and do join our community below:

    And of course, the next milestone in the short term will be our genesis NFT sales — stay tuned for our announcements!

    Twitter Questions

    @Tomie_chana who asks — What are your roadmap milestones that can retain investors prior to the game launch?

    Cliff Yung | Imperium

    As explained above, we aim to have a gameplay demo ready to show by Q1 2022. There will also be alpha testing and beta testing of our game staged between Q2 and Q3, prior to the official launch of the game in Q4.

    @muinlyreol— People are worried about transaction speeds and transaction failures. With Imperium Empires does the number of users spike transactions and get congested?

    Cliff Yung | Imperium

    Great question — our back-end game server is structured in such a way that it can scale as the number of players increases, so we aren’t too worry about a spike in our player base. We also believe that the robustness of the Avalanche blockchain is able to handle any increase in traffic.

    @komando911 asks — Is Imperium Empires planning to use subnet technology?

    Cliff Yung | Imperium

    We’re currently building on C-chain because we prioritize getting our game out to our community members to start playing. But we’ll also explore the use of subnet in the longer term!

    @chimponzi_jam — Did you consider using any other chains or was Avalanche always in your plans?

    Cliff Yung | Imperium

    Multi-chain is not on our current roadmap, because we will to take the maximum advantage of the Avalanche community. But we’ll also listen to the community’s feedback to see if multi-chain is also the right fit for our strategies!

    @hasantahsinler — When you designed and conceived of the game, did any other games or movies inspire or influence you?

    Cliff Yung | Imperium

    Yes, I’ve always been a big fan of RTS games and MMO games, so I’ve always been fascinated by games like EVE Online, World of Warcraft and Travian — where guilds play a vital part to the gameplay!

    Telegram Questions

    Jenny 💎Crypto GIRL Кузнецов

    Metaverse is getting famous because of Facebook’s grand plan to create a great Metaverse. How do you view this? is this a threat or an opportunity? How do you turn this into an advantage for Imperium Empires? What will u do to attract more people to Imperium Empires?

    Cliff Yung | Imperium

    I think this is a great opportunity — it is quite clear to be that the metaverse that everyone will be in, wont be the closed one created by a centralized company like Facebook, but it will be one that listens and develops alongside with its community. So it’s great that they’ve ignited everyone’s interests in the term metaverse, and help us with onboarding players

    Yogi Yogaswara

    What do you think about Asia market? Is your team planning to reach other countries with potential crypto markets, gaming, etc. do you interested to work and cash in on gaming industry in Asia?

    Cliff Yung | Imperium

    As explained before, Asia is one of our major market to focus on, because a large population of blockchain gamers are currently based in Asia. But of course, we’ll concurrently develop markets in other regions as well!

    Andre W

    So many games said that they are Play to earn but they all ended with pay to win system because the game required gamers to buy more items to unlock more features and level in the game. What is your opinion about that Mr. @darksoulrepo ? What is the strategy that can ensure Imperium Empires will not ending like this?

    Cliff Yung | Imperium

    As a RTS game with a well designed guild system, it’s very unlikely that the game will ever be pay-to-win, since it depends on a lot of factors to play the game well — e.g. how to customize ur spaceships to suit what you wanna do in the metaverse, which guild member will be specialized for which roles, etc.

    Janna

    Is Imperium Empires functional for mobile devices? Or are you planning to design an app based on Android & iOS in the future?

    Cliff Yung | Imperium

    yes, Imperium Empires will be available both on PC and mobile, because we cater for the needs of the huge crypto and non-crypto gamer population in developing countries

    Dmicic Dark

    Can players earn passive income while playing Imperium Empires?

    Cliff Yung | Imperium

    there will be a range of PvE and PvP gameplay where players can earn play to earn rewards — and of course the best part will be that you can earn with your friends in a guild — team-to-earn, more returns!

    Dave Donnenfeld | Avalaunch

    Congratulations and thank you.

    On a final note — Cliff, both you and Leo have been exceptional guests. Highly thoughtful answers and cleanly shared information. We’re happy to be hosting your IDO and wish you all the success we imagine you having. Very much appreciate your time today and look forward to your launch and beyond!

    Cliff Yung | Imperium

    Thanks for hosting me too! We’re extremely grateful to everyone in the Avalaunch community who supports Imperium Empires — we’ll continue to do our best, and make sure that we deliver on our vision!

  • Imperium AMA #1 — Project Overview with Leo Tan, CMO(Recap)

    Imperium AMA #1 — Project Overview with Leo Tan, CMO(Recap)

    On 12/16/2021 at 10:00 p.m. (PST), an AMA session was held on Avalaunch with special guest Leo Tan, CMO, Imperium Empires. Below we present to you an excerpt from AMA with questions and answers.

    Dave Donnenfeld | Avalaunch

    Hello and welcome to another riveting discussion on the Avalaunch Telegram. Today, we have an outstanding guest in Leo, one of the co-founders of Imperium Empires. We at Avalaunch are particularly excited about the prospects of AAA gamefi on the Avalanche chain so let’s get started but before I do…how are you doing?

    Leo | Imperium

    Hi everyone! Glad to be here — I’m pretty excited to get this ball rolling!

    Dave Donnenfeld | Avalaunch

    To kickstart the introductions, can you please tell us about your role and briefly touch on your previous experiences prior to joining the blockchain-gaming industry?

    Leo | Imperium

    Definitely! I’m the CMO & Co-Founder of Imperium Empires, but my previous roles were actually spearheading disruptive technology initiatives as a Product Manager; It all started with my stint with Uber as a Brand Ambassador in South East Asia during their first expansion in the region.

    Seeing how this simple idea of “summoning” a vehicle on your command changed the way people move from point A to B sparked my love affair with disruptive technology — from providing last-mile transit solutions to blockchain-based authentication platforms; this life-long thirst for innovation keeps pushing me to go for what’s next, and with blockchain. and the metaverse taking over the space — Imperium Empires is really a no brainer!

    Dave Donnenfeld | Avalaunch

    Yeah the Metaverse has gotten some mention recently 😄

    Let’s segue into #2 then — Since the public rebrand announcement of Facebook to Meta, the metaverse became an exciting topic, one that is set out to provide the pillars for the transition between the real world to the blockchain industry. Can you tell us more about the Imperium Empires — what it is, and how it fits in this rapidly expanding ecosystem?

    Leo | Imperium

    Imperium Empires is the world’s first AAA GameFi 2.0 space metaverse. When the world learned about the possibilities of blockchain gaming, NFT assets took the world by storm by introducing true in-game asset ownership — it opened doors to publishers and enthusiasts alike to have their own piece of the metaverse.

    With Imperium Empires, we believe that the pioneer projects who help catapult this phenomenon have only opened doors for projects like us to realize the learnings from their journey and breathe life into what’s next — GameFi 2.0. By having deflationary tokenomics via NFT burns in PvP battles and seamlessly integrating DeFi with Gaming, we are able to unify two very different emerging categories in the blockchain space and provide an avenue to onboard more than 3 billion+ gamers worldwide.

    More importantly, we’re putting a strong emphasis on the social experience of playing games through guild based-gameplay; allowing us to pave way for the new era of a social gaming experience on the blockchain.

    Dave Donnenfeld | Avalaunch

    Excellent. Thank you for that. “true in-game asset ownership” The potency of this can not be overstated. This is the transference of wealth that is going to change a bit of everything. Deflationary is going to matter in the years to come for sure but you need to onboard users first so….

    By building the world’s first AAA GameFi 2.0 project, which challenges or market needs does Imperium Empire aim to address?

    Leo | Imperium

    We see four major problems in most blockchain games that Imperium Empires will address:

    A. Low-quality graphics and limited gameplay — simply put, there’s no fun playing them;

    B. Hyperinflationary and unsustainable tokenomics — no NFT burn mechanisms, and play-to-earn rewards drain fast as the number of players grows;

    C. Lack of deep DeFi integration — most GameFi projects fail to live up to their promises of the “Fi” part, with limited DeFi use except for simple staking; and

    D. Lack of guild-based gameplay that bonds guild members together and make gaming into a social experience.

    Dave Donnenfeld | Avalaunch

    As I understand, Imperium’s vision is to bring together key aspects of the blockchain under one umbrella term known as the Imperium metaverse. One that is able to integrate gaming with DeFi and NFTs. Can you give us a high-level overview of how this flow-model is going to be achieved?

    Leo | Imperium

    The recent rise of GameFi play-to-earn (P2E) games has catapulted DeFi integration into gaming through a gamified interface of DeFi. One reason why DeFi hasnt been able to reach non-crypto natives is because of the learning curve — it is often difficult for a layman to understand concepts like TVL, liquidity mining and yield farming. Therefore Imperium aims to become be a gamified hub of all major DeFi protocols on AVAX, bringing the benefits of DeFi to 3 billion+ gamers over the world. — through our gamified interface, DeFi is seamlessly integrated, so players no longer need to grind through the difficult DeFi concepts.

    Dave Donnenfeld | Avalaunch

    Gamified interface of DeFi sounds like a definite improvement over stablecoin arbing.

    With the goal of presenting the first AAA GameFi 2.0 project as a disruptor in the blockchain-backed game industry, can you tell us about what the PvE mechanics look like? What about PvP?

    Leo | Imperium

    The Imperium metaverse features a wide variety of PvE and PvP gameplay, where players team-to-earn by joining a guild of friends to conquer the metaverse and build their empires.

    PvE: asteroids mining, materials transport, cooperation missions and more — the majority of the rewards will be in IMC.

    PvP: players compete for seasonal rewards in guild tournaments by taking control of various zones in the Imperium metaverse, destroying and looting other players’ ships — the majority of the rewards will be in IME.

    Our PvP economics is vastly different from most blockchain games in the market. We’ve implemented a NFT burn mechanism that ensures NFT supply and demand is well balanced. What is truly unique about this burn mechanism is that we closely tie it with the thrill of high-stakes PvP battles in the Imperium metaverse — meaning that some NFTs like spaceships will be damaged or destroyed when players voluntarily leave the safe zone in the Imperium metaverse.

    Dave Donnenfeld | Avalaunch

    This is way more thoughtful than what we are used to seeing

    but let’s name names for a moment and do a little compare and contrast — There are numerous billion dollar projects such as Axie Infinity and Bloktopia with PvE and PvP mechanics in place. What would you say are the key features that make the Imperium Empire unique? How does Imperium ensure a competitive edge over these already launched and established projects?

    Leo | Imperium

    We are happy that projects like them have paved the way for us to design better game mechanics and tokenomics. We believe we are better than any popular blockchain game in the market because of our following competitive advantages:

    A. Deflationary tokenomics and NFT supply: most GameFis have a hyperinflationary NFT mint mechanism, even Axie — the supply of NFTs scales exponentially with the number of players. So without a NFT burn mechanism to balance the supply growth, the supply always outgrows the number of new players coming in, reducing the rarity of the NFTs minted.

    To solve this problem, core to our game design is a deflationary PvP battle system where NFTs owned by players (e.g. spaceships) can be damaged, disabled or destroyed. The destroyed spaceships can be looted by other players for rewards, so they will earn lucrative play-to-earn rewards by winning the PvP battles (but the lootable value will always be less than the original value of the NFTs — thus deflationary).

    B. Seamless DeFi integration by Gamifying DeFi: we already explained the details before — none of the popular blockchain games in the market know how to merge GameFi with DeFi.

    C. Guild based gameplay: gaming is now more like a social experience with your friends than playing the game itself. And given the huge number of players playing blockchain games (e.g. Axie Infinity has 2 million active players), it makes perfect sense for a blockchain game to be an MMO game like ours, so having a well calibrated guild system is a must. Guild based gameplay is also highly beneficial to the players, because a well played team can earn more than playing alone. As the saying goes: team-to-earn, more returns!

    Dave Donnenfeld | Avalaunch

    Wow

    Just taking that all in. We got an A, B and C. Kudos for that answer and all that typing.

    I feel like we should give you a lunch break after that but we are a tireless community so — As a metaverse with a long-term vision, a sustainable ecosystem and implementation of DeFi elements, what partnerships are you looking to secure in the foreseeable future? Have any partnerships been agreed yet?

    Leo | Imperium

    Yes — We’ve already announced partnerships with leading AVAX projects like BENQI and Yield Yak, and of course we’ll explore more partnerships with other DeFi protocols — stay tuned for our announcements!

    Since guilds are central to our gameplay, we’re also discussing partnerships with some of the largest guilds, and listen to their feedback as to how we can perfect our official guild management and scholar management systems.

    Dave Donnenfeld | Avalaunch

    Look forward to some guild partnership’s!

    Following on from the previous question, what can you tell us about your business plan? Are you actively looking for collaborations with other projects and protocols?

    Leo | Imperium

    To onboard players into Imperium, one of our main target market will be South East Asia, where many blockchain gamers are currently in. In fact, not just the blockchain gamers, but also the huge population of gamers in the SEA region.

    I’m actually a native Filipino and am fortunate to know a huge network of influencers in both the Philippines and Thailand, many of whom are well-known celebrities and will help us a lot in terms of hyper-localised marketing. We observed that 50%+ Axie players are based in the Philippines, and a lot of them have very high engagements on TikTok — in fact we began our TikTok marketing just a few days ago, and engagement is already super high with our contents having 250k+ views.

    And we’re also in talks with one of the largest gaming and e-sports company in the SEA region to explore partnerships, so we can also target non-crypto native gamers.

    As mentioned earlier, we also strive to be a gamified hub of the major DeFi protocols on AVAX — we’ll continue to partner with synergetic protocols and make them become an essential part of the Imperium metaverse — stay tuned for more partnership announcements.

    Dave Donnenfeld | Avalaunch

    You’ve definitely got some traction and hype, for lack of a better word. This is a relatively mature project and I would think in something as ambitious in gaming, you have to be underway more than most things. Moving on to the token — Looking at the tokemomics there is a dual token economy at play, one maintained by IME and one by IMC. Can you tell us about the utility of each of these tokens and how they serve the protocol and its users?

    Leo | Imperium

    A. IME is the governance token of Imperium Empires, and it has a capped supply of 10 billion. Players of the Imperium metaverse earn IME by the following ways:

    i. Seasonal tournament rewards: guilds compete with one another in seasons, and those who make to the top leaderboard will be awarded with IME tokens (based on a range of factors, e.g. area of territories occupied, guild members’ kill counts, etc.).

    ii. looting destroyed spaceships: when players destroy spaceships of other players or pirate fleets, they can loot the destroyed spaceships for spaceship components, which can be sold for IME in our official NFT marketplace.

    The utilities of IME will be mainly for: Purchasing NFTs and guild-related staking

    B. IMC is the game-currency token of Imperium Empires, with an uncapped supply to match the growth of players. Players of the Imperium metaverse earn IMC in the following ways:

    i. Selling refined ores: ores mined from asteroids need to be refined in guild owned refineries, after which they can be sold into IMC in the guilds’ star-bases.

    ii. Rewards distributed by guilds: some structures built by guilds are revenue generating (e.g. refineries, star-gates) for the guilds. These rewards can be distributed back to the guild members based on their contribution to the guilds.

    The IMC earned by players will be mainly used for: repairing damaged spaceships and components, paying for guild facilities fees, and contributing IMC to the guilds (that result in a larger share of the rewards distributed by the guilds).

    Dave Donnenfeld | Avalaunch

    You win an award for most thorough and organized answers for an AMA. Truly impressive stuff.

    We have a couple of more before we move on to the good people over on Twitter

    If you were to imagine Imperium past the milestones highlighted in the roadmap, what do you envision the long-term success of the Imperium Empire to look like?

    Leo | Imperium

    Haha, thank you — you’re too kind. In terms of our long term sustainability, as GameFi enters the era of GameFi 2.0, we are looking to onboard millions of players into our Imperium metaverse. A lot of our players may well be part of the 3 billion+ gamers who are mostly non-crypto natives — they will get into blockchain because they want to play our game.

    We also hope that in the long term, Imperium will be more than a blockchain game — we can craft a separate space inside the Imperium metaverse as a venue to host all kinds of events (like all those concerts on Fortnite), where users are here to socialise in addition to playing our game!

    Dave Donnenfeld | Avalaunch

    Thank you again — As final thoughts, is there anything else you would like to discuss or are you excited to reveal to the community that we haven’t covered already?

    Leo | Imperium

    We are already building the game, and target to have a game demo ready to show a bit of gameplay towards the end of Q1 2022. Of course, prior to that, we’ll be conducting our public sale (watch out for our announcement on this soon!) and the first batch of NFT sales, along with the launch of our NFT marketplace. The official game launch is currently planned to be Q4 2022. Here’s our trailer and some graphics of our spaceships and character NFTs in case you haven’t seen them before!

    Twitter Questions

    @Starterx13 asks- You mentioned about Gamefi 2.0, what is that? What will that change in game area?

    Leo | Imperium

    GameFi 2.0 is the next evolution of the existing “GameFi 1.0” market — beyond staking, GameFi 2.0 enables real integration of DeFi protocols in-game by gamifying the experience; enabling DeFi protocols to reachout to more than 3 billion gamers worldwide.

    @valtori21 What do you think is the key to a healthier economy in the metaverse compared to other game economies that collapse over time?

    Leo | Imperium

    Deflationary tokenomics and gameplay related NFT burns are extremely important when it comes to sustaining a healthy economy. Most other blockchain games has no NFT-burn mechanisms and an over-emphasis on idle playing PvE rewards (which means the rewards are zero sum games between the project foundation and the players — whatever the players earn, they all come from the project, and the rewards will eventually dry up).

    Therefore our NFT burn mechanisms through high-stakes PvP battles, and allowing players to loot rewards from destroying other players’ spaceships, ensure that NFT supply in Imperium is much more constrained.

    @hugo41618550— What has the team done to make this attractive for beginners or just to make it easy to get started?

    Leo | Imperium

    Our metaverse is divided into three different zones to cater to different types of gamers — the safe zone, combat zone, and the war zone. Of course, even though there are more rewards in the combat zone and war zone, spaceships or components can be destroyed in the combat zone and war zone, so players who just started can stay in the safe zone and perfect their skills first before venturing out into the deep space.

    Of course, we’ll also produce a lot of introductory content like video tutorials to get the beginners started!

    @CengizYakn2 — Can players earn passive income while playing Imperium Empires?

    Leo | Imperium

    As mentioned earlier, you can earn play-to-earn rewards by engaging in various types of PvE and PvP gameplay including asteroids mining, materials transport, cooperation missions, guild battles, etc.

    @jvlassco1980— Will the graphic and game play match today’s expectations, eg like pc an PlayStation games?

    Leo | Imperium

    Yes, our team is very experienced in delivering high-quality games over the past decade. We are currently a team of 40, and we have an experienced in-house game development team led by our lead game developer and art director — he has 12+ years game development experience, having led the development of 8 games across PC/mobile/console with 7m+ total players and peak monthly grossing of US$6m+.

    So we’re very confident that we can deliver high-quality graphics and gameplay that everyone is looking forward to!

    Telegram Questions

    Techa

    The graphic of Imperium Empires is very nice. 👍👍 however

    1. Will there be when there are too many people playing at the same time 🖥or prevent majority of mobile only gamers📱?

    2. And will the game be using too much resources on graphic rather than player REWARDS?🏆

    Leo | Imperium

    great question — we have a very strong gaming server infrastructure team to make sure that we can accomodate a lot of players playing togerther at the same time, using our server meshing technologies — we’re also well aware of challenges associated with potentially unstable internet connections in South East Asia, so we’re also optimize mobile gameplay to be low-latency to ensure a smooth user experience

    Nelda Haller

    Do you have any plans to attract non-crypto investors to #your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?

    Leo | Imperium

    yes — one of our main target market is actually non-crypto natives — you may recall that we mentioned earlier, we believe blockchain games have a much larger market outside of the crypto natives as this is the first blockchain application to reach the mass market.

    That’s way a major part of our marketing strategies, is to partner with tier-1 influencers in SEA outside of the crypto space, to promote our game to layman and traditional gamers, and onboard them into our metaverse

    Nolan Nguyen🥎

    Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

    Leo | Imperium

    Yes — there will be some key decisions related to our game mechanics that we will allow our community to participate in decision making prior to the official release of our game. We’re well aware how important it is to listen to the feedback of the community, so everyone’s happy at game launch!

    Hoang Bavo

    How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?

    Leo | Imperium

    we’re currently a team of 40, including experienced game developers, game designers, game back-end architects, blockchain developers and marketing professionals — a very well rounded team to ensure the success of the project. You may also recall we mentioned that our game development is all done in-house by our team of experienced Unity developers — they have produced 8 games across all platforms with a total player base of 7m+ (with peak grossing once reached US$6m+ per month)

    Crypto Wiz King — The 🅡ⓗino (alt)

    What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?

    Leo | Imperium

    Yes — you might have noticed that most of our tweets are video contents, which you seldom see in many crypto projects. We are doing this because we have a very high standrd of making easily digestible video contents to intro our project, and make sure that we welcome both crypto-natives and non-crypto natives in our Imperium metaverse.

    We also mentioned before that we’re not just focused on marketing on TG and Twitter (which most crypto projects do), but we’re making use of highly effective traditional marketing channels like Tiktok to reach the broader non-crypto natives — engagement is super high with 250k+ views on our Tiktok just over the past week!

    Dave Donnenfeld | Avalaunch

    Leo, it’s been a pleasure and really informative. Kudos for having such well laid out and comprehensive answers. It should give our members something to chew on. We very much appreciate your time @mleotan and look forward to doing our next AMA with Imperium. Thank you.

    Leo | Imperium

    Thank you as well!

    Enjoyed this!

  • Join us in the Avalaunch Telegram group for a Spotlight AMA with the Dexalot team.

    Join us in the Avalaunch Telegram group for a Spotlight AMA with the Dexalot team.

    Join us in the Avalaunch Telegram group for a Spotlight AMA with the Dexalot team.

    The focus of this AMA will be the business development, vision, road map.

    In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with 5 XAVA each, for a total of 50 XAVA in prizes

    Date & Time

    AMA Contest Rules

    To be eligible to have your question selected, you must:

    🐦 Follow: Avalaunch & Dexalot

    ✈️ Join: Avalaunch Telegram & Dexalot

    ♻️ Retweet: Tweet & Tag 3 Friends

    There will be two ways to submit questions:

    1. Commenting on the Twitter post announcing this AMA
    2. Live during the AMA

    Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.

    During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.

    If your Twitter or community question was chosen, you will be contacted to receive your prize.

  • Imperium Empires AMA #2 — Technical Deep-Dive with Cliff Yung, CEO

    Join us in the Avalaunch Telegram group for our second AMA with the Imperium Empires team.

    We will be joined by Imperium Empires CEO, Cliff Yung, where we will be covering the technical underpinnings of the project. The focus of this AMA will be the underlying tech, development and roadmap.

    In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with $25 USDT each, for a total of $250 in prizes

    Date & Time

    AMA Contest Rules

    To be eligible to have your question selected, you must:

    🐦 Follow: Avalaunch & Imperium Empires

    ✈️ Join: Avalaunch Telegram & Imperium Empires

    ♻️ Retweet: Tweet & Tag 3 Friends

    There will be two ways to submit questions:

    1. Commenting on the Twitter post announcing this AMA
    2. Live during the AMA

    Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.

    During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.

    If your Twitter or community question was chosen, you will be contacted to receive your prize.

  • Imperium Empires AMA #1 — Project Overview with Leo Tan, CMO

    Join us in the Avalaunch Telegram group for the first of two AMAs with the Imperium Empires team.

    First up is Imperium Empires CMO, Leo Tan, where we will be covering the project at a high level. The focus of this AMA will be the business development, vision, road map, and post-IDO plans.

    In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with $25 USDT each, for a total of $250 in prizes

    Date & Time

    AMA Contest Rules

    To be eligible to have your question selected, you must:

    🐦 Follow: Avalaunch & Imperium Empires

    ✈️ Join: Avalaunch Telegram & Imperium Empires

    ♻️ Retweet: Tweet & Tag 3 Friends

    There will be two ways to submit questions:

    1. Commenting on the Twitter post announcing this AMA
    2. Live during the AMA

    Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.

    During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.

    If your Twitter or community question was chosen, you will be contacted to receive your prize.

  • Imperium Empires x Avalaunch: IDO Announcement

    Imperium Empires x Avalaunch: IDO Announcement

    There has been no shortage of NFT gaming and metaverse projects entering the market in recent months — the storied success of Axie Infinity and other play-to-earn propositions have grabbed headlines, along with the re-branding of Facebook as Meta — has brought the metaverse to new heights. Undeniably, the metaverse is a whole new way to earn income, and in a post-pandemic world, it is already transforming our views on work. The massive potential and jaw-dropping projections that the metaverse could generate upwards of one trillion USD a year in revenue is rooted in an existing stalwart, and that is gaming.

    While gaming is a huge industry generating ~US$200B revenue per year, all players retain zero ownership in any game assets. Against this backdrop, Imperium Empires has a firm belief that blockchain and NFTs will return the value of players’ hard-earned assets to players, and take the gaming market to new heights. While many have tried to solve the same problems, as a rule, they often resort to building low-quality blockchain games with unsustainable tokenomics, and simply do not have the right personnel to deliver the solution.

    Having worked closely with the Imperium Empires team for the past few months, Avalaunch believes it may well be hosting an exception to the aforementioned rule and is proud to offer “The World’s First AAA GameFi 2.0 Space Metaverse”, Imperium Empires, as our next IDO.

    The Strekzans, one of the many spaceship NFTs that players can command in the Imperium Empires metaverse.


    Overview

    It has always been clear to the Imperium Empires team that a breathtaking high quality blockchain game is what the market has been waiting for. Imperium Empires is a 3rd person space RTS MMO game, and it addresses 4 major problems commonly seen in most blockchain games:

    • Low-quality graphics and limited gameplay: simply put, there’s no fun playing these games;
    • Hyperinflationary and unsustainable tokenomics: no NFT burn mechanisms, thus play-to-earn rewards drain fast and collapse as the number of players grows;
    • Lack of deep DeFi integration: most GameFi projects fail to live up to their promises of the “Fi” part; and
    • Lack of guild-based gameplay that bonds guild members together and makes gaming a social experience.

    A closeup of the Strekzans NFT spaceship, with a Sporak standing in front of it.


    Imperium Empires’ solutions to these include:

    • Building a AAA-quality metaverse with an experienced team of in-house game developers, game designers and blockchain developers;
    • Embedding a unique NFT burn mechanism where NFTs (e.g. spaceships) can be damaged or destroyed in PvP zones that players voluntarily enter;
    • Gamifying DeFi and seamlessly connecting 3 billion+ gamers worldwide to DeFi through integrating top DeFi protocols on the Avalanche ecosystem into the Imperium metaverse; and
    • Pioneering “Team-to-Earn” where players join and compete in guilds — guilds can also easily find, manage and train their guild members or scholars through Imperium’s official guild and scholars management system designed for guilds.

    The Trident-M, another NFT spaceship that players can add to their fleets in the Imperium Empires metaverse.


    Play To Earn Mechanics

    • Dual Token Model: IME and IMC tokens. IME is the governance token with a fixed supply, while IMC is the in-game currency token with an uncapped supply.
    • PvE: asteroids mining, materials transport, cooperation missions and more — the majority of the rewards will be in IMC.
    • PvP: players compete for seasonal rewards in guild tournaments by taking control of various zones in the Imperium metaverse, destroying and looting other players’ ships -the majority of the rewards will be in IME.

    The Sporak, one of the many NFT faction characters in the Imperium Empires metaverse.

    Imperium is a thoughtfully crafted game — the result of the combined effort of an accomplished team of experienced game developers, blockchain developers and business development professionals. The core Imperium Empires team includes:

    • Blockchain and Game Infrastructure: blockchain and full stack developers from Animoca Brands’ parent co, each with 15–20 years+ experience that includes building and maintaining low-latency MMO game servers, developing smart contracts, etc.
    • Game Development: Experienced Unity developers, game designers, 2D and 3D artists with 12 years+ experience developing 8 games across all platforms (with a 7m+ total player base and US$6m+ peak monthly grossing).
    • Marketing: Marketing team led by an Ex-Uber brand ambassador with a strong influencer network in Philippines and Thailand (where ~60% Axie Infinity players are based); along with an Ex-Tencent BD and PM with 10+ yrs experience in go-to-market strategies for popular games (such as League of Legends).

    This level of talent and experience can not be easily duplicated and warrants standalone mention. Avalaunch believes that Imperium represents something of a breakthrough, as the gaming industry moves from for-profit Web2 endeavors that accrue value only to game publishers, to a new era that blends real ownership of game assets and play-to-earn in a high quality space metaverse.


    Imperium — Links & Team

    Website| Telegram (Discussion) | Twitter | Medium | YouTube | Instagram


    Partners and Backers:

    “We are happy to support Cliff and the Imperium Empires team to introduce their upcoming GameFi metaverse on AVAX. From our initial discussions, we were impressed with the team’s in-depth understanding of the existing pain points experienced in most GameFi projects.” — Christian Ng, Principal at GBV


    Closing Thoughts

    The proverbial AAA game is a sort of holy grail for blockchain. With an accomplished team of experienced game developers, blockchain developers and marketing professionals, Imperium comes with great expectations and promise — and is delivering what they envisioned through their work to date. Avalaunch feels fortunate to have met them so early and looks forward to contributing to their journey.

    “We’re fortunate to have Avalaunch’s support in growing our community in the Avalanche ecosystem. Both Dave and Mark have been great partners — we appreciate their valuable feedback and expertise in connecting us to the right partners, so we can deliver the first grand scale AAA-quality space metaverse on Avalanche.” says Cliff Yung, Founder and CEO of Imperium Empires.


    Funding Numbers:

    • Seed: 208.33M IME at .0024 USD — $500,000 USD
    • Strategic Round 1: 254.55M IME at .0033 USD — $840,000 USD
    • Strategic Round 2: 210.00M IME at .0036 USD — $756,000 USD
    • Public Sale: 222.22M IME at .0045 USD — $1,000,000 USD

    Total Raise: $3,096,000 USD


    Supply — Breakdown & Vesting:

    Total Supply: 10,000,000,000 IME

    • Play-to-Earn and Staking Rewards: 4.5B IME (45%)
    • Team & Advisors: 2.0B IME (20%)
    • Community: 1.605B IME (16.05%)
    • Liquidity Provision: 1B IME (10%)
    • Token Sales (Seed, Strategic 1, 2 and Public): 0.895B IME (8.95%)

    Vesting Following TGE:

    • Seed: 6-month cliff, daily vesting for 15 months
    • Strategic Round 1: 10% at TGE, 6-month cliff, daily vesting for 15 months
    • Strategic Round 2: 10% at TGE, 6-month cliff, daily vesting for 15 months
    • Public Sale: 35% at TGE, 1-month cliff, weekly vesting for 8 weeks
    • Team & Advisors: 6-month cliff, daily vesting for 24 months
    • Liquidity Provision: 10% upon listing, discretionary unlock based upon exchange listings
    • Play-to-Earn and Staking Rewards: daily vesting for 36 months upon launch of game or staking
    • Community: 5% at TGE, daily vesting for 36 months

    Other:

    • Initial Circulating Supply: ~203M IME (excluding liquidity tokens)
    • Initial Market Cap: ~913K USD (excluding liquidity tokens)

    The Imperium IDO on Avalaunch

    • 222.22M IME at .0045 USD — $1,000,000 USD (Total Supply: 10B IME)
    • Sale Size: $1,000,000 USD

    Note: If you are a resident of one of the following countries, you will be prohibited from participating in the Imperium Empires sale: United States, Antigua and Barbuda, Algeria, Bangladesh, Bolivia, Belarus, Burundi, Burma (Myanmar), China, Cote D’Ivoire (Ivory Coast), Crimea and Sevastopol, Cuba, Democratic Republic of Congo, Ecuador, Hong Kong, Iran, Iraq, Liberia, Libya, Macau, Magnitsky, Mali, Morocco, Nepal, North Korea, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.

    Registration Schedule:

    • Registration Opens: December 16th at 3:00 p.m. (UTC)
    • Registration Closes: December 19th at 6:00 a.m. (UTC)

    Sale Schedule:

    • Validator Round Begins: December 20th at 6:00 a.m. (UTC)
    • Validator Round Closes: December 20th at 3:00 p.m. (UTC)
    • Staking Round Begins: December 20th at 3:30 p.m. (UTC)
    • Staking Round Closes: December 21st at 6:00 a.m. (UTC)

    IDO Recap

    • Total IME for sale: 222.22M
    • Price: $.0045
    • Size: $1,000,000
    • Vesting — 35% at TGE, 1-month cliff, weekly vesting for 8 weeks
  • Platypus AMA #2 — Technical Deep Dive with Mr.BeaverTail, Smart Contract Lead (Recap)

    Platypus AMA #2 — Technical Deep Dive with Mr.BeaverTail, Smart Contract Lead (Recap)

    On 12/12/2021 at 12:00 p.m. (PST), an AMA session was held on Avalaunch with special guest Mr.BeaverTail ,Smart Contract Lead, at Platypus. Below we present to you an excerpt from AMA with questions and answers.


    Dave Donnenfeld | Avalaunch

    Hello and welcome honored viewers to our 2nd AMA with Platypus. Today we have Mr. BeaverTail with us to go into more detail on what is heralded to be a revolutionary project.

    @MrBeaverTail is a visionary and we wanted to do something a little different today and ask some unpredictable questions. Sir, are you ready?

    Mr. BeaverTail | Platypus

    Hey guys 👋 glad to be here with you!

    Yeah let’s do this

    Dave Donnenfeld | Avalaunch

    Let’s start off with a brief introduction about yourself. Can you tell us about your background, career path, and how you found yourself as the smart contract lead for Platypus?

    Mr. BeaverTail | Platypus

    I’m a software developer with a background in back-end applications, data and distributed systems.
    I discovered cryptocurrencies back in 2014 when a professor at university told me he wanted me to find vulnerabilities in Bitcoin.

    I really wanted to prove it was bullshit, so I started researching everything about it.

    The more I started getting into it, the more I got sucked into the Matrix… it then became my passion

    Back in 2019–2020 I started getting really interested in DeFi and its applications. Again, I am a very skeptical person. So I like to do my own research, read white papers, analyze the math… And really got interested in how we can disrupt the current financial system.

    My opinion is that our current financial system only serves the purposes of a few people, and not the general population. So I really became a matter of purpose to me and I decided to leave everything behind and focus solely on DeFi

    DeFi still has a long way to go to become “Open Finance” but it is the best we got as mortals.

    Dave Donnenfeld | Avalaunch

    This is some high minded thinking and the world appreciates it. Serves the greater good.

    Outside of yourself, how many developers are working on Platypus? Who is responsible for front end and back end development, and how closely does that team need to work together?

    Mr. BeaverTail | Platypus

    We started out as a team of 4 people.

    Currently, I think we have around 10 people helping with development

    FrontEnd development is handled by Shinji, our FrontEnd Lead (kudos to his great job behind the scenes btw)

    We work very closely and are in constant communication.

    Dave Donnenfeld | Avalaunch

    I think people are going to learn how important a project this can really be and the work you’re putting into truly making finance “open.”

    for us mortals, can you simply describe your role as smart contract lead? And for anyone interested in pursuing a similar path, how do you suggest one get started?

    Mr. BeaverTail | Platypus

    As smart contract engineer, you need to have a broad knolwedge of computer science as a whole.

    I got into it because I realized this was the missing piece of technology to get rid of all intermediaries.

    With smart contracts, people can interact with financial systems without the need of an expensive broker or a lousy bank.

    Dave Donnenfeld | Avalaunch

    Disintermediation is a beautiful thing. Death to the fee taking middleman!

    Mr. BeaverTail | Platypus

    My role as a smart contract engineer is designing, implementing and maintaining our codebase to make sure it achieves its purpose: bring a financial service to our users

    In our case, we want to provide the greatest stableswap experience to our users: lower slippage, greater capital efficiency and best UX

    Security is one of the main aspects involved in smart contracts. I’d really suggest you to start there. It is what makes this job so special and so stressful at the same time.

    Dave Donnenfeld | Avalaunch

    The efficiency this could create is hard to overstate.

    At a high-level, could you describe the Platypus smart contracts, what they do, and how they come together to create the smart contract architecture?

    Mr. BeaverTail | Platypus

    Platypus smart contracts are actually more complex than any other protocol I’ve seen from the mathematical standpoint.

    If you’ve read our Yellow Paper, you can see that math is truly our foundation and our research team is damn good at it.

    Dave Donnenfeld | Avalaunch

    My color palette is limited to white but I may have to try now

    Mr. BeaverTail | Platypus

    So our architecture tries to keep things as simple as possible while keeping gas costs at a minimum, taking into account that several math operations are need to a user to perform a simple swap.

    It is truly an accomplishment for us to provide a such simple service because it requires so many hours of research and development.

    Dave Donnenfeld | Avalaunch

    This is the big question from us lay people that have peeked under the hood — Uniswap, Curve, and other AMMs, rely on the use of invariant curves to establish the relationship between tokens in a liquidity pool. Platypus takes a different approach. Could you explain what an invariant curve is, what its shortcomings are, and how Platypus achieves an improvement over this design?

    Mr. BeaverTail | Platypus

    We need to explain first what an invariant is: a property of a mathematical function which remains unchanged after operations or certain transformation.

    Dave Donnenfeld | Avalaunch

    So it sounds like a catalyst

    Mr. BeaverTail | Platypus

    Yes, in a way it allows Uniswap/Curve pools to maintain a certain property.

    So, no matter what happens, Uniswap invariant curve will always be : x * y = k

    with k being the invariant of course

    This was a big breakthrough at the time but nowadays we see its limitations: impermanent loss, the need to provide liquidity in pairs, fees, etc.

    In the context of Stableswap, this will mean that the liquidity provider may get back asset as a combination of tokens that are different from what he / she has original provided.

    An additional shortcoming for stableswap like Curve or Saddle is that their stableswap invariant requires all tokens within the same pool to have the same amount of liquidity to reach its equilibrium state, making the least popular token the bottleneck for the growth of the pool.

    Moreover, it is impossible to add new tokens into existing pool (particularly if the new token’s liquidity is not comparable to other existing tokens in the pool), which hindering the scalability of the protocol.

    Dave Donnenfeld | Avalaunch

    Right. You’re there thinking “this isn’t what I signed up for.” So, Platypus offers DeFi users a stableswap with higher scalability and greater capital efficiency. Could you touch on what these concepts are and what the implications of progress forward in these areas means for both Platypus and DeFi as a whole?

    Mr. BeaverTail | Platypus

    Sure, to illustrate what capital efficiency is, we can head over to Uniswap analytics.

    We can see that there are over +100 pools that contain ETH asset.

    These pools do not communicate with each other

    They do not make use of each other’s capital

    There is a big percentage of the pool’s liquidity that is dormant

    This is just a limitation of the invariant curve model. Curve tries to get around this limitation by increasing the amount of assets in the pool… But as I said earlier the bottleneck is always the least abundant token in the pool!

    Dave Donnenfeld | Avalaunch

    So…Defi is supposed to be inclusive, shared economy and resources but these pools are siloed.

    So it defaults to the lowest common denominator

    Mr. BeaverTail | Platypus

    Exactly

    In contrast, Platypus uses a single-variant slippage curve.

    Dave Donnenfeld | Avalaunch

    Right so instead of invariant curves, Platypus is the first to leverage a single-variant slippage function. In your opinion, why is this alternative viable now, and not before? Did we need to start one place to end in another, or is it simply a solution that wasn’t considered previously?

    Mr. BeaverTail | Platypus

    So a single-variant slippage curve is just just a normal function f(x) where x is coverage ratio.

    It varies in function of x, the coverage ratio

    I really think this alternative was viable before, just as bitcoin was viable since computers were invented.

    Dave Donnenfeld | Avalaunch

    Understood. So to you it’s a self-evident evolution of where this should be going.

    Mr. BeaverTail | Platypus

    Banks and other financial institutions have used coverage ratio in risk management for years

    why shouldn’t we use this for DeFi?

    Dave Donnenfeld | Avalaunch

    Right. So you define the range and cover it accordingly.

    Mr. BeaverTail | Platypus

    The missing link was using coverage ratio alongside single-variant curve to determine slippage

    This allows the protocol to handle risk autonomously

    But designing these types of protocols is not an easy task… It requires years of research to make sure the protocol is viable

    Mr.Duckbill is truly a visionary I must say

    Dave Donnenfeld | Avalaunch

    Right. The defined function and range is intuitive enough but building it is another story haha. Yeah, Duckbill and Co are on point.

    Could you introduce us to the concept of “asset liability management” and its place in Platypus?

    Mr. BeaverTail | Platypus

    Asset Liability Management is defined as the process of managing the use of assets and cash flows to reduce the firm’s risk of loss from not paying a liability

    So as I said earlier this concept has been used for years in TradFi

    Coverage Ratio is just one key indicator of risk of a certain firm

    The higher, the better!

    Coverage Ratio = Assets / Liabilities

    Platypus leverages these concepts for the first time in DeFi

    Dave Donnenfeld | Avalaunch

    Let’s get into the token and pools for a minute — since you’re redefining DeFi and making it, well, smarter, I’m sure our users want to understand utility

    The PLP token is staked to generate vePTP, an “asset” which is not transferable or tradable. Once generated, vePTP is used to boost a stakers APR on the provided liquidity. Could you help us to understand the necessity of this design, and what improvements it offers over simply staking vanilla PTP?

    Mr. BeaverTail | Platypus

    Stableswap tokenomics require special design.

    We want to incentivize users to become long term supporters of the protocol

    To understand this design, I need to explain what dialuting and non-dialuting emissions are

    Dialuting emissions are token emissions that dialute the value of the token on the market. This is what most projects use to incentivize users to provide liquidity.

    Dialuting emissions can make any token become a farm and dump token, because value is not being captured for the token holders

    If I provide liquidity on sushiswap to farm Sushi, I don’t really need to hold the Sushi token

    Non-dialuting emissions are emissions that do not dialute the value of the token in the eyes of the market.

    We want to make 50% of emissions non dialuting

    Dave Donnenfeld | Avalaunch

    How does this happen? A token being put on the market is an inflationary event.

    Mr. BeaverTail | Platypus

    That is indeed true. But what about a token that is given only to those who ready to stake this token in the long term ?

    Since the token is being held in a smart contract, it cannot be sold and therefore sell pressure is reduced

    So by incentivizing users to stake $PTP for vePTP, we make sure that inflation is controlled

    Dave Donnenfeld | Avalaunch

    Apart from generating vePTP, how would you describe the utility of the PTP token?

    Mr. BeaverTail | Platypus

    PTP token is the gateway to all things platypus.

    Initially, Platypus was going to be launched as a multi-vertical protocol. But we realized that the right path was to launch 1 vertical first, then expand to other verticals.

    If you want to support the project, stake $PTP to obtain vePTP.

    We’re going to make sure vePTP holders get well taken care of.

    vePTP is the governance token of the protocol (ve stands for voting escrow)

    Dave Donnenfeld | Avalaunch

    Always nice to hear this

    changing gears — Very simply, what is “withdrawal arbitrage” and how does the Platypus withdrawal fee mechanism combat this behavior?

    Mr. BeaverTail | Platypus

    In TradFi, Arbitrage describes the act of buying a security in one market and simultaneously selling it in another market at a higher price

    In DeFi, it also means that, but the definition is widely extended to all operations that generate profit for the arbitrer

    So withdrawal arbitrage in our protocol is basically a set of operations [deposit (given coverage is under 100%), swap then withdraw] taking advantage of the protocol’s design to generate profits for the arbitrer

    This extracts economic value from the system

    Many protocols have suffered from exploits like this

    If you add flash loan to the equation, then you can really drain a pool

    Dave Donnenfeld | Avalaunch

    I’m not sure there’s been a flash loan protocol that hasn’t been exploited.

    Mr. BeaverTail | Platypus

    When designing platypus, we wanted to make sure that economic value is retained in the system and redistributed to liquidity providers.

    That is why we have implemented a withdrawal fee, making withdrawal arbitrage unfeasible.

    We even found a way of performing a deposit arbitrage ! So we had to implement a deposit fee

    Rest assured, these fees are very very very low and will not affect the use of the protocol

    You probably won’t even notice

    Dave Donnenfeld | Avalaunch

    The proverbial staking/unstaking fee for arbitrageurs. Very smart.

    Mr. BeaverTail | Platypus

    In my opinion any new protocol implementation needs a competent research team running mathematical analysis and simulations. It is not enough to have good devs. We have the chance to count with some really smart researchers

    Dave Donnenfeld | Avalaunch

    Moving onto security for a moment as you mentioned exploits before — we all know that everything is going to be audited by a proven 3rd party but….Seeing as how audits aren’t a “silver bullet,” how do you see them and their place in the development process? 2021 has been littered with high-profile DeFi exploits and hacks. As a smart contract developer, have there been any key takeaways for you with respect to your own process or code?

    Mr. BeaverTail | Platypus

    Security is indeed our biggest concern in Platypus

    Dave Donnenfeld | Avalaunch

    R&D is showing up more and more in the budgets of DeFi projects. it is just prudent and needs to be ongoing. I think too often people think of these contracts as “set it and forget it.” But please proceed re: security. Just couldn’t help myself here.

    Mr. BeaverTail | Platypus

    I think security should be any DeFi protocol biggest concern.

    As DeFi gets more and more sophisticated, hackers get better at exploiting protocols

    Coding smart contracts is nothing like coding a JavaScript/web application. Anyone who has worked in my development team knows I can be quite unfriendly if my directives are not respected.

    Dave Donnenfeld | Avalaunch

    Are they in fact getting better? I just thought there’s more money locked ergo more people chasing it. So the research of security is a discipline unto itself. Yesterday’s attack vector doesn’t equal what’s coming tomorrow. Hadn’t considered the evolution of hackers.

    Mr. BeaverTail | Platypus

    Hackers are getting better.

    But so are we (DeFi builders and audit firms in preventing attacks)

    For platypus we have very strict directives when it comes to our smart contracts.

    We aim for 100% test coverage in our core smart contracts.
    We use state-of-the-art security tools.
    We don’t let our ego get in the way. I personally ask every new collaborator to go and tell me how code can be improved.

    Dave Donnenfeld | Avalaunch

    That’s good stuff. Seems like a layered approach and of course the absence of ego goes a long way

    So let us have a final question before we can move on to the Twitter portion of the program — on a higher level — What lies ahead for Platypus? Where do you see your efforts being focused in the next 3–6 months?

    Mr. BeaverTail | Platypus

    We have a lot on our plate.

    We want to expand to other DeFi verticals, provide a fun and gamified experience for our users, develop partnerships with other teams in the ecosystem….

    Things move fast in the cryptosphere, so I don’t really want to be too precise about these things, we want to maintain some flexibility as well

    Dave Donnenfeld | Avalaunch

    This is the evolution of the AMM. I hope it gets implemented everywhere but it’s forever a moving target. I think roadmaps are overrated in crypto; should be renamed “guidelines.”

    Mr. BeaverTail | Platypus

    Yeah, guidelines are better

    I expect the smart contract team to deploy many contracts in the following months

    I expect to serve users and our community

    Twitter Questions

    @totominhchi How can developers & technical people contribute to Platypus and how do you make plan to get them involved?

    Mr. BeaverTail | Platypus

    I’m looking for talent on the smart contract side.
    If you’re a smart contract developer with experience in DeFi, please get in touch with me.

    We will be open sourcing our code in the following weeks

    Whitehat hackers are very welcome to make suggestions on our code (up to 100k$ rewards). As I said before, ego is a killer.

    @AkihisaMori45 asks — What achievements of Platypus do you feel are most important for your long-term plans?

    Mr. BeaverTail | Platypus

    We’re very pleased we got huge support from big names like Three Arrow Capital and Defiance in our private round, in a total of $3.3M.

    The high interest exhibited by these strong names of the crypto industry speaks volumes on the relevance of Platypus for the crypto space and DeFi.

    It’s also worth mentioning that the $10M LP pool cap of our alpha mainnet was filled within 15 mins, that was totally out of our expectations and I’d like to thank everyone who supported us all along.

    @AndyToshi_cryp — How do you view other projects in the Avalanche ecosystem, is there a project that you see as a competitor or that you respect?

    Mr. BeaverTail | Platypus

    I honestly respect every DeFi builder our there.
    It’s a very stressful job that requires a broad set of skills. While we make investors and supporters rich, we’re doing the hard stuff.

    But honestly, I think that there are great native projects on Avalanche

    They have great teams and I can say working with some of them has been a pleasure so far

    I can name a few: Benqi, Colony, Traderjoe, Pangolin, Yield Yak

    @IvaniWu01— what is the single biggest factor Platypus in removing impermanent loss risk for liquidity providers?

    Mr. BeaverTail | Platypus

    Impermanent loss is the result of using invariant curve’s (Uniswap, Curve). In these systems, you need to provide liquidity in pairs…. When you provide liquidity, you’re basically guaranteed that the product of the amount of 2 assets you provided will stay the same.

    Liquidity provision in Platypus is single-sided, removing impermanent loss risk. Of course there are others risks that come with this paradigm shift, but impermanent loss is not one of them.

    @Nirund14— Does Platypus platform have future plans to go crosschain or do you think there is enough activity on Avalanche to sustain?

    Mr. BeaverTail | Platypus

    Our objective is to become the dominant stableswap on Avalanche.

    We don’t have plans to go cross-chain for the moment. We actually believe this is not the right strategy!

    And… we really think Avalanche is superior to other blockchains out there and we are quite happy to be an Avalanche native project.

    Special thanks to the Avalanche foundation and Avalabs, you guys are the real Rockstar’s here.

    Usually AMA’s are well prepared in advance. This one was quite improvised so I hope it wasn’t too hard to follow for everyone.

    Dave Donnenfeld | Avalaunch

    At this juncture, I’d like to pass the mic to @shahi297 and he’ll take over from here. This has been an enlightening experience and super informative. Our community, understandably, likes unlocked tokens and I can’t blame them but I think they will be very happy there is vesting for this project. It’s a game changer. Very much look forward to it and being a part of your journey.

    Lovish Shahi | Avalaunch

    Thanks Dave.

    Mr. BeaverTail | Platypus

    Thanks to Dave and Lovish for handling the AMA as well!

    Lovish Shahi | Avalaunch

    This was so far one of the best n most interesting AMAs we had so far.

    This was really something Deep Dive.

    Hope we can have some nice questions from community to add to this.

    Telegram Questions

    Hai Trieu | HUNTER GEM🏕️

    Currently, NFT is very hot, do you think you will apply NFT technology to your products in the future?

    Mr. BeaverTail | Platypus

    Yes, we’re currently working with a very special team on the Avalanche ecosystem to bring a very special experience on Platypus. Don’t want to spoil too much though.

    Blog Tran Thanh

    How did you come up with the idea to create the “PLATYPUS” platform? Why did you choose the name? Does it have a special meaning and is there a story behind this name?

    Mr. BeaverTail | Platypus

    The original idea comes from research done by Mr.DuckBill where he envisions a paradigm shift for several DeFi verticals.

    Platypus is a very special kind of animal, it lays eggs although it is a mammal, it is semi-aquatic.

    We though it was the perfect animal to name a special (and a bit weird) protocol.

    MoonGems

    What are the steps to become a part of your community, and start getting revenues? Where do we buy, where do we sign up? This looks like an amazing project!

    Mr. BeaverTail | Platypus

    Thanks!
    Well, first of all I’d recommend following our social networks (in particular twitter where we are the most active)

    @Platypusdefi @MrDuckbill @MrBeaverTail

    To become a supporter of the project, you can:
    – Deposit your stables into Platypus pool’s to farm $PTP token
    – Stake your PTP to generate vePTP and participate in governance (while boosting your yield!).

    Also, keep in mind that stableswap is only the beginning. We want to expand to other verticals and add new features so make sure to stay tuned to our socials.

    Lotenna

    For Platypus being the first Stable Swap on Avalanche Network

    Is your token swap program based on any existing platforms out there or did you have to build from scratch since you’re the first stablecoin swap on Avalanche Network?

    Mr. BeaverTail | Platypus

    We built Platypus from scratch, but we learned from the mistakes of other protocols and we’re are quite aware of the current innovations happening in DeFi till today.

    We decided to build Platypus on Avalanche because we think it is truly the next generation blockchain the world needs: instant finality, decentralization, low fees, superior consensus mechanism…

    We hope that more and more innovative and novel protocols will decide to build on Avalanche!

    Marjerlin Buitrago

    How does the community intervene in the construction of PLATYPUS? In other words, do you take into account the “feedbacks and demands” of the community as you continue to innovate your project?

    Mr. BeaverTail | Platypus

    We want to have a “Community first” approach. Open Finance (or DeFi) is all about that.

    We did a testnet campaign with 1500 people testing and giving feedback. Also, we encourage everyone from the community to give feedback.

    Our backlog is huge so please be patient as we are working long hours to improve our solution!

    So far, we’re quite happy with the response from the community.

    We hope to grow Platypus into a self-governing community of well educated participants.

    Again, if you want to stay in touch and participate in our community, join our TG channel and follow us on social media:

    @MrBeaverTail @MrDuckbill @Platypusdefi

    Lovish Shahi | Avalaunch

    I guess we are done with the community questions here

    Thanks @MrBeaverTail for sharing such insightful tech deep dive with our wonderful community. Really appreciate you being here.

    Mr. BeaverTail | Platypus

    Allright guys, that is all for me.

    Thank you for being here. Hope to see you soon on the cryptosphere.