MILC AMA Recap

07 Sep 202015:08

AMA

MILC AMA Recap

Myko (CryptoDiffer)

Hello, everyone!😁

We are glad to meet here:

Son Ho, Project Manager of Faraland. @sonho286

Son Ho

Hi everyone, nice to meet you all here today :)

Myko (CryptoDiffer)

Welcome, Son, thank you for your time)

Son Ho

Thank you for hosting Faraland AMA here today @mykocryptodiffer and Cryptodiffer team

Myko (CryptoDiffer)

Our team has prepared several questions to start with!
let’s begin with the introduction
Q1: Can you introduce yourself to our community?

Son Ho

Yes, certainly
Hello everyone, my name is Son Ho - Project Manager of Faraland. I have 4 years of experience in the crypto world and 7 years in the field of Marketing. I'm the former CMO of VCC Exchange. I recently joined the team with the hope of bringing not only a crypto project, but a real game to both crypto & non-crypto people.

Myko (CryptoDiffer)

Great! Thanks for an answer
lets pass on to the next question

Son Ho

Yes

Myko (CryptoDiffer)

Q2: Can you introduce Faraland to us?

Son Ho

Faraland is a turn-based strategy & RPG. In game, you can use your NFTs as heroes and compete with other players by learning powerful skills, collecting rare equipment, recruiting troops, moving around the map, capturing resources and joining battles. All heroes have mutually exclusive attributes, and after each battle, they earn experience, such that veteran heroes are significantly more powerful than inexperienced ones.

Faraland is inspired by Warcraft World, Final Fantasy storyline, Horizon Zero Dawn background, Pokemon and Final Fantasy Tactics combat system, and EVE online gameplay - where players can do anything with each other and war battles can cost million dollars.

We’re the very first leading game on Binance Smart Chain (BSC) with NFT. Therefore, the use of NFT and FARA token ($FARA) is the soul of this project.
I'm done with the question

Myko (CryptoDiffer)

woah! that’s so interesting, incorporating crypto in online games!
thanks for an answer
let’s move on to the last one of the introductory part
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Son Ho

Up till now everything has been a great success for us, from the funding phase, to the development of the game, as well as the interaction and feedback of our audience.
In June, we made certain achievements:
- Sold 20,000 NFT heroes (equivalent to 10,000 BNB)
- Released our own marketplace with 1,500 BNB sold in the last 15 days
- In top 7 NFT projects with highest NFT trading volume
- Completed Public sale wonderfully and token price is currently stable at more than 2x from IDO price

We have many upcoming features from now until the end of 2021 such as Hero's equipment, Gacha equipment vendor, DAO platform, Equipment upgrade, Skill books, Duel Arena, etc. We're expecting that when the main game is released, everything will get even way better. Done.

Cryptodiffer Community

Is Faraland developed to attract a specific locality or gamers? or really its multiplayer game suits all kinds of users? offering the best entertainment to all?

Son Ho

Faraland doesn't really need a set target audience. Like many other MMORPG games, the game is built for anyone who's in love with this genre, from a 10 year old kid to a 40 year old businessman. The art has been designed so it can satisfy the mass audience actually. However, the game itself is designed for the mass audience, but with blockchain & crypto integration, as well as the ability to make money through the game, I think many people with the age of 25 or above will be driven to our Faraland world.

Cryptodiffer Community

✅ Could you explain what the pricing of heroes within the game is like? I read on the website that they will have a set minimum price but it can be increased through trading and other activities can you tell us about these mechanics and activities? How do I make my hero more valuable?

Son Ho

There is a floor price for each NFT hero, this floor price is to prevent users from selling at a loss. One of the basic methods to increase the floor price is to trade that hero on marketplace. To see more about that, please visit: https://faraland.medium.com/marketplace-guidelines-911e80b1134b
We'll inform other ways to increase the floor price as the game develop as well.
Actually almost no one will sell at floor price, they will set their own price on the marketplace. The price you set depends on how valuable you see your hero (level, race, equipment, skill, etc.)
*Sorry that last question was slow cuz my laptop was suddenly turned off*

Cryptodiffer Community

Could you tell us about the characteristics of each of the heroes of Faraland? will they be completely similar in game conditions? or is there really a hero who is more beneficial than others? If so, what would be the Hero that you recommend the most?

Son Ho

You can see the details here: https://faraland.medium.com/lore-faraland-battle-of-crystal-2c47cd900ed2
Actually the strength of a hero is not totally based on their race. The strength can come from bodyparts also. A human with rare bodyparts (for example, Goku's hair) will have unbelievable strength.

Cryptodiffer Community

Can NFT heroes and equipment only be marketed in the Faraland MarketPlace? Or could you really sell them on any other MarketPlace in the BSC ecosystem?

Son Ho

Our NFT heroes can be purchased or sold in different marketplaces, not only on our own marketplace, for example, NFTIFY. Actually, any marketplaces who form strategic partnerships with us will have our NFTs available, some for heroes, some for bodyparts, or equipment, skillbooks, etc.

Cryptodiffer Community

IF THE BEAR MARKET COMES will your token PROBABLY DUMP? Do you have any plan to prepared for this bear market? How will you handle the panic sell ?

Son Ho

Actually we have been in the bear market for 1.5 months (since May 19th). Our IDO was actually launched at a very difficult time (June 12th) but the price has been staying quite stable with an average of 2x IDO price. I believed panic sell probably happened somewhere after the IDO but the price has been increasing ever since, which means there's totally nothing to worry about. The reason for this is that our token has many usecases, which encourages the demand a lot. Thus, we're confident in that matter ;)

Cryptodiffer Community

You said you were a former CMO of VCC Exchange. And you have 4 years of experience in the crypto world and 7 years in the field of Marketing. It’s clear that you have many experience. With all your experience can you tell us what you see e special in FARALAND? And is this project only for crypto people?
@sonho286

Son Ho

Haha I like this question. You see, I've been working in modern market for many different products: retail, F&B, clothing, game, etc., most of them targeted the mass audience. That's why when I saw Faraland, I immediately knew that this will be a big hit toward gaming world, because of its crypto & blockchain integration, plus the "play to earn" system, which is totally a hot trend since last year with the COVID pandemic situation.
Faraland is not only for crypto people, the game is for anyone who enjoys game. However, if you know about crypto, you'll access certain features. For example, NFT heroes are a bit stronger than normal hero which you can get at offline gameplay later. And of course, with crypto, you can buy, sell, stake, make money, who wouldn't want that? Normal player will certainly access the crypto world for their own benefits.
I agree that there have been many hack cases, especially in the DeFi ecosystem lately. However, Faraland was audited by Certik and Moonpool. Therefore, you can believe in our system security and enjoy the project as a player, or investor 😊

Cryptodiffer Community

Does your project, in the future have a system of burning or buying back tokens? What will you do to make your tokens, valuable and competitive in the market???,"

Son Ho

We haven't got plans to burn tokens at the moment but we'll make announcements if the time comes. As for making $FARA valuable, I can say that the token has many usecases:

- Purchase equipment for their Hero.
- Upgrade their equipment to a higher tier.
- Stake token for EXP farming for their Hero.
- Give an unique name for the Hero.
- Reward for seasonal events and other gaming activities.
- Vote for various gaming parameters in DAO.

These features will not only enhance your gameplay experience, but also will benefit you in other terms. For example, after making your hero/equipments stronger with FARA token, you can then sell those on our in-game NFT Marketplace.

If you look around the NFT, especially NFT gaming world, there are many tokens with less usecases but with way higher marketcap. Therefore, I am confident to say that there are many rooms for $FARA to grow whenever the uptrend comes back (or maybe you don't need to wait for an uptrend to see its growth haha)
I'd love to answer more of your questions, but it looks like the time is up.
Please subscribe to our channels for latest updates and I'd love to see you again in the future 🤗
- Website: https://faraland.io/
- Twitter: https://twitter.com/faraland_io
- Telegram: https://t.me/faraland_official
- Medium: https://faraland.medium.com/
- Facebook: https://www.facebook.com/Faraland.global/
- Reddit: https://www.reddit.com/r/FaralandOfficial/

Myko (CryptoDiffer)

Thank you for an Ama!
it was a pleasure for us to host you!

Son Ho

Thank you so much @mykocryptodiffer and your team for hosting us. It was our honor
See you guys in Faraland :)