Thank you to everyone who joined AMA AMA TRG Community x TKNT Foundation on October 5, 2020 8:00 PM GMT + 7, Here is the recap for those who missed this AMA.
Our guest know today is Benjamin Woo from TKNT Foundation.Apart from this, he is operating the VC blockchain & cryptocurrencies in Korea
Segment 1, 1: Can you introduce yourself and your project?
Benjamin Woo: I am Benjamin Woo from TKNT Foundation. Other than this, I am operating blockchain & cryptocurrency VC in Korea. Have been working in this field for last couple of years and invested over 150 projects. TKNT is the project that we are focusing on these days because it is following the trends of Defi with its new concept of bet-mining, which is quite unique.
TKNT is a platform that provides Defi services with an ERC-20-based utility token. Starting with the launch of a decentralized staking service in September 2020, TKNT will introduce a variety of Defi products such as lending, staking and swaps. Technical support is provided by Dexfi, consisting of renowned white hackers.
Throughout a partnership with TKN.COM, №1 cross-blockchain Defi gaming Dapps, TKNT can bet-mined only through games within TKN.COM. There was no ICO or private sale.
Segment 1,2. Where can the community exploit TKNT? and how?
Benjamin Woo: TKNT token is currently listed in BKEX and Foblgate exchange. You can currently trade TKNT in these exchanges. You can also currently mine TKNT in TKN.COM just by betting inside the platform. Win or lose, you will mine your TKNT. In the near future, TKNT Foundation will launch our own wallet serivce providing De-Fi servicies including staking, lending, and payment system. We will notify our community once the services are finalized. Please join our official commmunity to be tuned for new updates: https://t.me/tknt_official
Segment 1,3. Which companies are the main partners of TKNT Foundation?
Benjamin Woo: TKNT Foundation is currently in alliance with TKN.COM / IgnisVC / BKEX Capital / Block Technology / Zenith Ventures / ICO.COM / Lava Hongkong and more. TKN.COM is currently our main partner, where you can mine TKNT just by betting inside the game platform.
Part 2: We will list the best questions about the project and the project will answer on twitter
Segment 2,1.The TKNT project was very interesting and caught my attention. As a player,I want to make sure that I compete in a fairer environment with other players.Can you tell us,I trust the system will not be able to replace the hits generated by bots?Is there a way to spot unfair players ? @koivf2
Benjamin Woo: TKN.COM is backed by the development team of Betportocol. Based on blockchain, TKN.COM was tested over 80 million times by ItechLabs, obtained license from Curacao, and runnning a 100% transaparant system in terms of betting. Since we do not run a centralized system, there are no bots manipulating the system.
Segment 2, 2.Could you give us aspect that shows transparency of your betting system and there is no manipulation in the result? @Nohope49320791
Benjamin Woo: TKN.COM got license from Itechlab, Accredited Laboratory forOnline Gaming Certification and Quality Assurance Testing based on UK. iTech Labs is one of the leading accredited testing laboratories for online gaming worldwide. Their clients include some of the largest companies in the online gaming industry.
Segment 2,3. You recently registered TKNT at BKEX! Why did you choose this platform to register your token? What trading pairs are available on BKEX? Also, are there any plans to register TKNT at CEX or another DEX soon? @Ridho1673
Benjamin Woo: BKEX is one of the top tier exchanges globally, usually ranking the top 10 exchanges in Coinmarketcap.com in trading volume. We chose BKEX exchange because we determined BKEX exchange can reveal TKNT Foundation to another level, attracting more global investors where they have a massive investor pool to more than 30,000+ active users. In the near future, we do have plans to list TKNT in other exchanges, one of them is Binance. We will notifiy the related news in our official channel in Telegram once the dates are finalized.
Segment 2,4. Legal issues are a serious problem with blockchain projects , especially with a casino platform. So Why should users feel safe when playing and betting with TKNT ? Do I need passing a registration and doing a Identity Verification to play? I mean your platform just for 18+ users? @Vn69676675
Benjamin Woo: TKN.COM products are operated by Ignisvc B.V. registered address, Heelsumstraat 51, Willemstad, Curacao. The company is licensed and regulated by the law of Curacao under the Master License Holder Curacao eGaming with license number 1668/JAZ. Therefore, as officially licensed platform, the platform itself is free from illeagal issues. But if you reside in a location where lottery, gambling, or betting over the internet is illegal, users should not be involved in anything related to these activities on the site. You must be 21 years of age to click on any gambling related items even if it is legal to do so in your location. Recognising that the laws and regulations involving online gaming are different everywhere, players are advised to check with the laws that exist within their own jurisdiction or region to ascertain the legality of the activities which are covered. The games provided by TKN are based on blockchain, fair, and transparency. When you start playing these games, please take note that online gambling and lottery is an entertainment vehicle and that it carries with it a certain degree of financial risk. Players should be aware of these risks and govern themselves accordingly.
Segment 2, 5. Considered an e-commerce platform, what features does this project have, what are the ideas behind it and what innovations will there be in the near future? Give me 3 practical things to invest in? @YenThu0108
Benjamin Woo: TKNT is Defi wallet platform, and partnering with TKN.COM, which is №1 crossblockchain Defi gaming Dapps. TKNT, by itself as a Defi wallet platform, it has professional internal and external tech team, and got the audit from Certik, a professional blockchain audit foundation. Your fund will be secured in our Defi platform.
Regarding TKN.COM, user’s money would be the most important part that we are taking care of. it is using Betprotocol’s (BEPRO) protocol and service, which has partnership with Chainlink, Band protocol, and many other global Crypto foundations. Also, it is using Bitgo’s custody service and $10m Insurance policy, so every user will have their own Mulitsig wallet with Bitgo.
You can simply mine TKNT just by betting inside TKN.COM platform, stake, lend or trade at the same time with TKNT.
Segment 3: live questions.Benjamin Woo will select 5 best questions from the community
- What are your biggest goals and projects for 2020? Do you plan to expand your Brand and Marketing Department at TKNT ?
Benjamin Woo: “Now we have about 3 months until the end of this year, but TKNT has done and grown massively throughout the month.
The technical team will work with UYT to improve the completeness of the platform currently being developed and complete the cross-chain Defi mechanism through an independent blockchain, and the marketing team will secure strong users in Asian markets including China and Korea. After that, we plan to focus on the European and South American markets.
Accordingly, after listing BKEX today, we plan to further list on exchanges such as Europe and America. To this end, we plan to publicize the project through offline and online events around the world.”
2. Judging by everything, TKNT is more oriented to the Asian market, WILL YOU DISCOVER WESTERN & EUROPEAN COUNTRIES?
Benjamin Woo: Our foundation has people from various countries including Europe, the United States, China, Korea, Japan, and Mexico. Therefore, we have a promotional strategy tailored to each country.
Although the technology is crucial, the platform is untact without strong marketing. We have a very strong marketing team to disclose the project to the world. Our marketing team educates people about what Defi is, how easy it is to use, and what benefits it can benefit from.We will convey the best of our project according to today’s trend to have people easily use our platform, bet and mine TKNT, and stake and pay with TKNT
From our first Bangkok offline event 2 weeks ago, there will be hot events in China on 14th Oct after Moon festival, with UYT group. And much more roadshows are planned as well as various online events. We will announce through the official channels. Please stay tuned.
3. What kind of project is TKNT and its main business model? Do these businesses overlap with the business logic of Maker/Compound/Uniswap projects?
Benjamin Woo: TKNT provides Defi wallet service within its own platform. It will be an optimized platform for users who are looking for any decentralized financial service such as landing, staking, swap, insurance, etc. Originally, there was no concept of returning profits in Defi. However, starting with Compound platform, they have recently been rewarding their governance tokens. Of course, you can build yield farming within our platform as well. However, while Defi projects use it for promotion to increase their TVL (Total Deposit Volume), TKNT does not require unreasonable interest payment for it can be simply mined through Bet-Mining at TKN.COM, active within existing user base. Plus the value of the token continues to rise due to the half-life coming from Bet-Mining.
4. Why there is two name TKNT TKNTToken? What’s the relationship between them?
Benjamin Woo: TKNT itself stands for TKN Token. TKNT=TKN Token.
5.- TNKT wants to be developed among its functions to serve as a payment method. What can we pay with $TKNT? Where do you plan to include TKNT as a payment method? Will it be exclusively on the TKN website?
Benjamin Woo: TKNT wallet is soon to be launched, and it will perform services including payement system, staking and lending inside the wallet system. The payement system will start from exclusively inside the platform and expand to outside offline services with alliances of major firms that are already active.
Thank you all for joining AMA today! It was great! Our AMA session is over!
More info about TKNT Foundation:
Website: https://www.tknt.io/
Telegram: https://t.me/tknt_official
Twitter: https://twitter.com/tkntfoundation
