Wolves of Wall Street AMA Recap

01 Sep 202009:08

AMA

Wolves of Wall Street AMA Recap

Cryptodiffer Team

Hello, everyone!😁

We are glad to meet here:

Tristan (Project Lead at Wolves of Wall Street) @TristanVert

Mateen (Marketing at Wolves of Wall Street) @Mateen_WOWS

Tristan

Hi Guys hows it going !

Mateen

Hello Maks. Thanks a lot for having us.

Cryptodiffer Team

Welcome Tristan and Mateen, thank you for taking your time today!
Our team has prepared 3 questions for you to start with!
Let`s start with the introduction !

Cryptodiffer Team

Q1: Can you introduce yourself to our community?

Tristan

Sure thing - im not the fastest typer so bear with me (-;
Yes sure. First, thanks a lot for having us. The WOWS community aka Wolfpack and us we're very excited since the last days to be here. We are a Team of five with huge experience working within startups and running them.
I am the project lead of the Wolves, with the goal to create a new and innovative idea in crypto. I am previously the CEO for 12 years of a digital agency in London UK and ive worked with countless global corporates and SMEs and start ups, as well government agencies delivery digital excellence in both design and development. Recently i have worked with DeFi projects such as NFY.finance, as well as other Eth projects delivering design consultancy expertise.

Mateen

I am Mateen, Marketing lead for WOWS. I liked Tristans approach so i joined the team when asked for. I graduated from Austrian Marketing University which is specialized in developing or innovating Products and managing their life cycles. Due to Corona i have stopped full-time marketing and started full-time trading which led me to full-time crypto. WOWS is the third project i am consulting and developing marketing activities for.

Tristan

We also have Danny: he is a Business Major, Business owner and responsible for the Asian Market.
Markus is our software architect is a CEO & founder of a large IT corporation in Germany and a blockchain architect and Business Angel.
Garret, is our other Software Architect involved in Californian Start-Up scene and an ongoing embedded system engineer.

Cryptodiffer Team

Thank you, guys!
let's now talk about Wolves of Wall Street more
Q2: Can you introduce Wolves of Wall Street to us?

Tristan

So the project is named the WOLVES of Wall Street, NOT related to the movie of course but reflective of the theme and individuals with the characteristics of a trading WOLF. Smart, ambitious entrepreneurs and traders who are ready to take the extra mile when it comes to leveraging profit in the trading world.
We are a project that looks to build on the pillars of defi (lending and market making fees) using gamification of NFT's initially to make that introduction more mainstream.
Furthering that defi approach we are also building unique usecases beyond DeFi that pushes what is possible with NFTs and SFTs and creates real world usecases for every owner of an NFT in the world.
This is really is created using our core concept of cryptofolios.
The cryptofolio created using SFTs Semi Fungible Tokens allows us flexibility to create these usecases.

Mateen

In connection with WOWS it means that the CRYPTOFOLIOS are able to
1. Yield farm by being held in your wallet
2. Being used as a Portfolio for other NFTs
3. Being used as a collateral for lending
4. Getting third party tokens like synthetics allocated

All these use cases are not only increasing the extrinsic value of the digital art but also holding real intrinsic value allocated into the SFT which increases the overall value of the CRYPTOFOLIO.

Cryptodiffer Team

Sure, thank you Tristan
the last question from us before we start community round
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Tristan

The last months have been incredible. What people see on the surface right now is the result of a lot of dedication since November from the whole team.

Launching the presale and having it sold out in seconds was definitely a special milestone. It was the moment where we saw for the first time the actual demand for the product and how all the effort is paying off.

Mateen

Since then we got a lot of exposure: got listed directly on CMC, mentioned on Youtube channels, on NFT Plaza and we had also interviews on NFT live, one of the best NFT Shows on YouTube.

Just yesterday we got listed on coingecko and our community grew 2.5x in the last week only.

Tristan

Partnering with the NFT Army was definitely one of the best decisions ever made. We are have a very close relationship now and it is one of the best communities we ever saw and constantly having fun together. Just today Ash, the Alpha of the army, one of the most kind and helpful partners a project can imagine, mentioned us in his new App NiftyDrops. If you want to be regularly up to date about the latest NFT Drops you should definitely check it out.

Mateen

Then we have partnered with DeFi_Ted a well known and respected advisor of Cover Protocol and Yearn with a huge Network to the most important brands in the space.

And we are also having very good connections to NFY, one of the most forward and hyped projects in the NFT Space right now.

Another milestone is being here on your AMA, as said before we are really happy and excited since you are running a very successful brand.

Tristan

Our upcoming plans consist of two parts. Development, Marketing & Community.
On the development part our roadmap is split into milestones.
The first development milestone is launching our WOWS purchase d’app where users can purchase our Wolves or Bois cryptofolios. We are going private Beta tomorrow and a few special guests such as Jeff from NFY, Defi_Ted and others will be invited to buy. Once we happy with that we open for public beta which will be invite-only as well as initiate the audit, all leading to public launch next monday 22nd.
After that our next milestone is launching the DeFi stake and Yearn farming protocol where users can implement our cryptofolios and begin the WOWS DeFi experience and the gamification elements which we will then layer on as we go.

Mateen

Meeting milestones is key for us, our visions is that one-day people can hold a Cryptofolio that is holding their funds, NFTs and tokenized Assets and all of them are generating yield in the WOWS ecosystem for the holder.

These Cryptofolios can also be used for lending.

The concept is rounded off with our kind of B2B solution where we look forward to see artists approach WOWS to turn their Art into Cryptofolios as well.

Tristan

We are also already talking with high level partners and L2 blockchains to see what is the best benefit and use case for our users in the long term in order to make the dreaded gas fees a non issue.

Mateen

When it comes to marketing we are in negotiation with a lot of providers right now which are approaching us and which we are approaching by ourselves. We partnered with PR distributors already and will have constant publishings on several Tier-1 platforms. Additional to that we are aiming to partner with marketing agencies so we can leverage the maximum out of our campaigns.

Tristan

The L2 discussions are very promising as these potential partners want us too, as we are bringing unique use cases for SFT and NFT’s and this is a mutually beneficial direction. For now the SFT Token only works on Ethereum but rest assured we are already considering viable options. We are in a learning curve where we are discovering how we can get the best out of every possibilities for our user and always keeping our eye out on what is happening around us in order to benefit the project and investors.

Mateen

Last but not least for upcoming plans is community, we deeply believe that the community is the core and foundation of any project. Without community no project can grow.

We see WOWS as a community project where we would love to see a lot of ideas and feedback coming in, so we constantly can improve all our services.

This is something we are really passionate about because even the project name is Wolves of Wall Street - the personality of the team is completely on the other side of the spectrum by being helpful, generous and supporting.

We would love to see people with the same values in our community and the community to grow based on these principles.

We are aiming to change the life of others for the good and its essential if the community wants a project to grow to be active by themselves, spread the word and tell about the great benefits it is bringing to anybody who is participating.

Cryptodiffer Team

Thank you for such detailed and interesting answers!
It is time to move to the community questions part.

Cryptodiffer Team

Chat is muted! Thank you for your questions, everyone!
Please choose the questions you like and answer them! If you wish to have additional rounds, just let me know
@TristanVert @Mateen_WOWS

Tristan

Yup ok guys we will try and answer as much as possible.

Mateen

So many nice questions guys. Thans for this. We will try to answer as many as possible.

Cryptodiffer Community

Atimes financial buoyancy of a project determines determines whether the project will excel or not, can you talk abit on how you generate fund in running the Wolves of wall street project? Wont the project life be cut short at one point in time due to lack of fund? I would like to know if you are in for the long term

Tristan

Absolutely with pure DeFi projects these die out quite quickly if they dont have TVL pinned and lots OF IT. With NFT's and SFTs we have a postive loop of funds going into rewards / marketing and booster pools. This right away keeps the longeveit going. Plus we our rewards are set for 3 years allowing us again longevity. Our usecases as well take us beyond DeFi allowing immediately to have huge long term value.

Cryptodiffer Community

For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it's developement Can you tell us that how your project generate the profit?

Tristan

we have a good marketing budget plus the loop mentioned above means we are well set - we also are not financially dependant on this project so this frees us up massively in order to ensure its a great success.

Cryptodiffer Community

Wolves of Wall Street will be having its SFT Dapp purchase coming up next. Can you please explain what SFT is? How it is different from NFT and if it has any advantages over NFT.

Is SFT the next boom?

Mateen

An NFT is a Non Fungible Token, a unique digital file stored on the blockchain. NFTs are mostly used by digital artists to store and create value of there digital art. Can be music or graphic or even both. Once the NFT is minted it is unique and cant be changed. We have seen NFTs being sold for up to 31853,39 ETH

SFTs (Semi fungible Tokens) are basically like NFTs, unique digital files stored on the blockchain but the big difference is that new functionality are possible, such as
- transferring multiple token types at once
- saving on transaction costs
- trading (escrow / atomicswaps) of multiple tokens can be built on top of this standard and it removes the need to “approve” individual token contracts separately.
- It is also easy to describe and mix multiple fungible or non-fungible token types in a single contract.

In simple words you can take the mentioned possibilities above and put them into new use cases like wrapping whole contracts into the SFT & create products where the SFT can not only represent the underlying ownership but also the yield contract of the income percentage like we are doing in our CRYPTOFOLIOS.

Cryptodiffer Community

The rate at which new projects rug pull these days has become very alarming, alot of investors have lost their hard earned money to scammer under the pretense of offering them financial freedom. How do you guarantee safety of our assets? How much liquidity is locked and for how long will it be locked?

Tristan

Yes we hate thistrend - which seems to be on the upswing with the hype of BSC.
We have all seen first hand the damage this causes crypto and defi. We intend to be as transparent as possible - our Liquidity is locked in unicrypt - https://www.unicrypt.network/amm/uni/token/0x672EF7E4Fe230B5cA1466C5fDD40588d30FdF90a
Also i am on Tg posting daily videos (-; communicating directly !

Cryptodiffer Community

Q. Can you tell us the usecases you have in your ecosystem for the SFTs?

Mateen

This is a quick one, ill referr to this graphic again

Cryptodiffer Community

What are the four different levels of profit making profiles?

How do these levels of profit making profiles differ from the other?

Tristan

The four levels are linked to the profit making capablites of the Wolves and Bois. ( dogs) these are the 2 competing factions - Wolves are the traders ( holders and stakers ) Bois dogs are the business owners aka the stable coin farmers. Each elvel give them special properties of profit making as well s raiding and defending of the booster pools
We also have upgrades which will enhance the porfit maing potential in the form of tradeable NFT's which will have their own collectability
These upgrades and the NFTlp tokens that are added into the cryptofolio will boost thei rewards that cryptofolio gets.
These ca then all be bundled into one sellable NFT that can be named and on the NFT itself and sold on our platform or on opensea and rarible.

Cryptodiffer Community

Now that technology is changing every second, are you afraid that in the future Wolves of Wall Street will lag behind new projects with newer technologies? Do you have a plan for this?

Mateen

Hey Nyasia, we are welcoming every innovation happening in the space cause it is opening new opportunities for us as well.

WOWS Cryptofolios are designed in a way that functionalities are added along the roadmap. Means if there should appear changes or new cases along the project we can adapt on them.

For now we dont think there wont be ever not a use case for a Cryptofolio. This is a usecase which is always needed cause it is give you the opportunity to have everything at one place and make it earn. Like a wallet that is earning but a portfolio, a cryptofolio.

Cryptodiffer Community

Q1.What benefits and advantages does your platform provide to the developers? What are the advantages of WOW?

Q2.Let’s talk about the marketplace. In-game items are obviously all the rage, but a lot of blockchain companies who are working on these are using NFT’s.

Tristan

Q2- We use both NFTs and SFTs Sfts are the cryptofolios and they hold NFT's in the form of LP tokens or upgrades or indeed outside artwork that our platform will value and use as either collateral for lending or bundle in order for users to sell art cryptofolios as one. Imagine being able t curate NFT collections as well as DeFi rewards and NFT upgrades and then name it and sell it.

Cryptodiffer Community

What was the point in your life that inspired you to make WOWS a reality?

How do you believe WOWS will disrupt the NFT/SFT market to make a difference in the world?

Tristan

Over three years ive personally been looking at crypto and th decentralised nature it brings, and wanted to make my mark with it. It truly is the revolution that will take over everythng we do. Looking at DeFi we saw so many projects poorly managed or fail to utilise marketing or design or any project fundementals in order to succeed. We just knew we could do this better. Personally it mixes 2 passions of mine, ART and TECH. We also started this journey before NFT's were even trending and we have now launched in the middle of the wave and thas great but its the core of what we are doing and not an addon.

Cryptodiffer Community

Staking has really taken the altcoin space by storm, along with the increased adoption of NFTs Given volatile market cycles in crypto with years going by with almost no new investor action, what are the metrics that you measure the success of your project aside from price of the ERC-20 token and NFT bond values? What are your overall marketing plans and strategies to scale in the coming months and years?

Mateen

I personally think the cycles in crypto will totally change from this year on. It started last summer already. We are having a whole new generation becoming financially independent, away from old rules, way more large-minded to try new things. So if there would ever comes a bear market it will affect all markets but till than i see crypto growing in a way like it never happened before.

But we are also prepared for that, since we are offering three pools with stabelcoins, which are generating yield with yearn, aave, fulcurum and dydx and our WOWS. In bear market most people go into stablecoins as we know and this is actually another opportunity for our project to shine with the high APY we are providing. Our tokenomics are made in a way that the project is sustaining itself as long people use it.
Let me introduce you our PROFIT LOOP which will answer many of your questions as well.

Using the WOWS ecosystem a user has several options.
1. Purchasing a CRYPTOFOLIO
2. Upgrading a CRYPTOFPLIO
3. Raiding the BOOSTER Pool
4. Defending against raids
5. Selling a CRYPTOFOLIO

All these functionalities are done with the WOWS token.

Once done 40% of the WOWS go into the BOOSTER POOL. 30% into the REWARDS POOL and 30% for DEVELOPMENT & MARKETING.

Like this the project has its own ecosystem, refeeding itself and guaranting an ongoing high APY for the users.

Cryptodiffer Community

#1: If people are able to create their own cryptofolios as SFTs, each with a unique allocation of crypto holdings and corresponding yields, do you see this as an opportunity to help bring new uses into the crypto space by creating simple and easy ways for people to pick up whole portfolios of crypto without having to sign up for exchanges, learn to use MetaMask, do KYC, etc etc?

#2: Have you thought about the liability concerns of potentially facilitating the trading of crypto portfolios as SFTs – does this create a securities law issue and what are the implications in terms of being listed on US exchanges and etc?

Tristan

1 - Yes massively our goal is open up the project to all of these NFT owners out there so they can come in an dutlise our platform to either curate their collections, name it and sell it on any platform they wish OR create a cryptofolio using our service at a charge in order to then start Yield farming and earning rewards OR bunde their valuable NFTs and use it as collateral for lending

2 - Yes we have looked ar securities law and we are intrinsically a token that is built around a gmified experience where securities law has precendent. Tokens linked to games are not securities - our token is also built on Eth itself a non securites token.

Cryptodiffer Community

1. Can you explain how we extract the value from the SFTs that are earning from farming please/can NFTs be added and removed from cryptofolio?

2. Can we get a run through example with figures on how one might benefit more or less by being in the wolves or in the bois? I’ve read the medium
ama_articles and info graphics but it’s not fully clear to me, an example with figures will really help

Tristan

1 - yes you got it - NFT lp tokens can be added and taken out of the cryptofolios at will - we try and make this in transaction to reduce the fees. They can be traded on theri own right - you could trade an 80's mobile ohone upgrade with rarity of 0/30 just for the trading opportunity. LP tokens can also be traded in theri own right or liquidized and funds retuend back to you. This will essentially allow you to manage your assets and your cryptofolio as you wish.

Mateen

Another important aspect to know is our emission.

It is designed in a way to have high volatility in the beginning and will sustain over time. A few sells or buys are making big moves in both directions which can be a very good or not so good thing. But since we are working hard on a working product, having real usecases, marketing actitivies and growing community we are confident the phase right now is just the beginning.

Our current max supply is 19600k
Circulating supply is 8500k
Max Supply over three years is 60k only distributed as rewards.
MC about 1.5M right now.

Cryptodiffer Community

Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?

Mateen

Following up on my last comment, Team tokens are 7500 and locked for one year.

Tristan

2 - Yes the wolves are the stakers and holders - they can stake hold or indeed go raiding on the booster pools. Its more high value. Bois are the stable coin business owners long term investors steady profit retunr over lonterm and ony for those with big numbers in stable coin. They can then boost their profits in booster pool, so think more long term. However the wolves are coming to corporate raid and the bois will need to defend. This gamified approach to defi makes it more fun for sure and will fit the type of investor you are.

Cryptodiffer Community

What are the $Wolves of Wall Street doing for the mass distribution of DeFi technology? How easy is it to use Wolves of Wall Street in an existing infrastructure?

Mateen

We are trying to create something that might be difficult to explain but when you break it down its actually super simple to use.

Hold a Cryptofolio -> earn yield
Do you hold an NFT? -> put it into the cryptofolio -> earn yield

This is like the basic concept.

Around it we designed gamification aspects which are nice to use but not a must.
But if you use them you can -> earn more yield.

Cryptodiffer Community

-How does SFTs overcome the limitations of NFTs? Why do you believe SFTs could be the next big trend in crypto?

Tristan

SFT semi fungible tokens give us the flexiblity of required to deliver our usecase - it also allows us to lock up the atomic state of a live SFT earning rewards into a locked NFT cryptofolio where the value within cannot be chnaged after the event. thIS IS crucial.

Cryptodiffer Community

If anybody thinks your project really likes a scam project, and they can't trust this project. How do you make them believe in your project?

Tristan

by talking to them directly over video chat

Cryptodiffer Community

1. Will we be able to store CryptoKitties in the CryptoFolio for an additional yield modifier or are felines banned?
2. Are you planning to partner with any other NFTs projects, providing additional yield or other unique benefits?

Mateen

1. Yes this will be possible in a certain phase

2. Good question. Our goal is to give the WOWS token the highest value. Any partnership should have this premise. Means we are looking into partnerships with this goals yes.

Cryptodiffer Community

In your opinion DEFI is a bubble? If it was a bubble, how would Wolves of Wall Street avoid its explosion?

Tristan

Yes and no. the market will fluctuate but its here to stay - our focus with NFTs at its core will allow us to take us beyond DeFi with real uses cases for the exploding NFT market which again is only getting started.

Cryptodiffer Community

Being someone who got into Blockchain space a few years back and observing multiple bubbles but no concrete adoption I sometimes lose my faith and I am sure there are many others like me. What can we expect from WOWS to do things differently How do we get masses on board?

Tristan

im exactly the same - remember the Masternode craze - we have to bring quality through real world usecase and the NFT market is su huge we truly beleive crypto along with Defi has found niche that mainstream users can actually get behind and understand. Users understand visual representations of tokens. Thats why NFTs are exploding thanks to axiom and cryptokitties we now have a new wave and usecases merging dEFI and NFTs together. Its very exciting.

Cryptodiffer Community

There are many projects that sprout up like a mushroom with a bold idea but still fail. What will $WOWS succeed and fly away from?

Tristan

yup thees project that fail to gain traction fail to plan or build a team that can execute. We are made up of team members who have grown business from scratch and and are forged in the fire of startup culture. We know what it takes. Good teams build good projects that succeed. Its all about the team.

Mateen

1. Lets say you hold a CRYPTOFOLIO purchased for 10 WOWS
Now you put 14 more WOWS for yield farming.
These yield farming earnings are allocated to your SFT.
Lets say you have earned 3 WOWS.
Now your Cryptofolio is worth 10 WOWS + 14 WOWS + 3 WOWS = 27 WOWS

If you want to take out your profits you can take out the 14 and 3 WOWS anytime and sell the Cryptofolio for its (new) market price.
Or sell everything together.

2. Same goes with the BOIS.

Difference between WOLF & BOIS

WOLF = LP (ETH/WOWS) earning WOWS yield. Getting additional WOWS from raiding BOOSTER

BOIS = STABLECOIN (USDT, USDC, DAI) earning STABLECOIN+WOWS. Getting additional WOWS from BOOSTER (up to 4x) without raid. But needs to defend those earnings.

Cryptodiffer Community

What is the strategic planning put in place for marketing Wolves of Wall Street to adopters in the crypto space?

Tristan

Mateen and Danny are both great marketeers - Mateen has a very well rounded strategy for solid growth based on great marketing fundementals. Danny is leading the asian marketing efforts which we will introduce in 2-3 weeks time. We already have chinese translation completed of all of our merketing comms. and we will be launching different language communities with Chnese being our first. Asian sector is very important to us as they are big followers of defi and NFT's as wel as gamified experiences.

Cryptodiffer Community

Are you a global project or local project? Can anybody anywhere use Your project without any restrictions?

Mateen

We are at first a decentralized project.

But we are also building an official company right now.

Legal restrictions are based on the country and jurisdiction of the investors. We have a disclaimer about this. So pls inform yourself before you invest.

Tristan

SFTs are already in use in order to deliver addons in gamified experiences - we have just created a new usecase and methodology for SFT's twinned with NFT's which has not be doen before. The ability to add and manage a cryotofolio as well bundle it and sell it and all the other opportunities that offers is where we are leading the way.

Cryptodiffer Community

How much was $WOWS spent on the project? Where can the income come from for community training, market expansion, project development and building solid foundations?

Tristan

5 months of hard graft by 5 people - cost that up (- its alllllot !

Cryptodiffer Community

NFTs are currently being bought by the holders of ETH. What are plans to launch NFTs on other platform which has less cost ?

Tristan

yes we are in talks with the CEOs of 2 differnet L2 solutions that will be able to provide a bridge as well as gasless environment - we will evlauate it as we develop and we are actually meing sure that we are branching our code to allows have the flexibility to include this so when we decide we can go very quickly.

Cryptodiffer Community

Will you introduce new partners and clients in the near future? Are you still working ?

Mateen

Yes we are regularly working in expanding our partnerships with devs, influencers, other NFT projects and agencys. The closest right now are still under negotiation but we will update asap.

Cryptodiffer Community

Trading card game of WOWS, when? 😊

Tristan

We are opening private Beta release tommorrow wth view to having public launch on the 22nd
if you want actual trading card game the platform will naturally create this with people buying and trading NFTs lp tokens and upgrades as well SFT's with peer to peer buying and selling.
looks like we are done (-;
i hope you all read the answers (-;

Mateen

If you guys have any more questions feel free to come over to our telegram and ask.
Website: https://www.wolvesofwallstreet.finance/
Twitter: https://twitter.com/WolvesWallst
Medium: https://wolvesofwallstreet.medium.com/
Telegram: https://t.me/wolveswallstreet
Discord: https://discord.gg/CCqZtze8kg

Cryptodiffer Team

Perfect! thank you guys for your time!
Appreciate all the great answers!
Thank you to everyone who took part today!