Catalyze AMA Recap

24 Oct 202212:17

AMA

Catalyze AMA Recap

Denis (CryptoDiffer)

Our team has prepared some questions for you to start with:
Let`s start with the introduction !
Q1: Can you introduce yourself to our community?
Q2: Can you introduce Catalyze to us?
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
Thank you for such detailed and interesting answers!
It is time to move to the community questions part.
Let's remind AMA rules to the community😊

❗️ AMA structure and rules: 👥

- Community questions part starts after the guest/guests finishes/finish answering the introduction questions asked by the moderator. Moderator unmutes the chat to allow up to 100 messages and mute it.
- Each person is allowed to write only one message containing 2 questions, violators will be disqualified from participating in the reward distribution.
- Copy-pasted questions from previous AMAs are strictly forbidden, violators will be disqualified from participating in the reward distribution.
- All questions&concerns regarding AMA members should send in dm to @cryptodiffer_admin
- Important, please don`t write to other CryptoDiffer team members, they won`t be able to help you.
- Winners are chosen by Guests.
I will open the chat at 3:27 UTC, check exact time on time.is
Chat is muted! Thank you for your questions, everyone!
Ray Laracuenta|Founder&CEO|@Rlaracue,please choose the questions you like and answer them! If you wish to have additional rounds, just let me know
if you want
Thanks for your time
Q1: Can you introduce yourself to our community?

Raymond Laracuenta

My pleasure

Denis (CryptoDiffer)

Raymond Laracuenta

Sure
I am Ray Laracuenta the CEO and CoFounder of Catalyze Software. https://catalyze.one
We are a blockchain focused software development company and our firts product is Catalyze a web3 alternative to Discord
We are also a Dfinity Foundation grant winner and veteran team on the IC
The team is international and about 12 people in size at the moment
We also support other chains in our development and we will make Catalyze available on both the Internet computer and other blockchains
Prior to Catalyze I ran a research division at Gartner Inc and was also a tech analyst.
Our team is made up of PhDs and community experts along with great designers and engineers
Hopefully this helps but I can add more information if you would like. 🙂

Denis (CryptoDiffer)

Q2: Can you introduce Catalyze to us?

Raymond Laracuenta

Sure
Catalyze as I mentioned is a community building platform similar to Discord and others but built on web3 technology
So the experience will feel familiar but the capabilities will be more advanced
At its base Catalzye comes with chat, group chat, voice and video calls like a Discord or Slack
But we added in an Events Mgt Engine and a Task Mgt Tool to reflect the kind or work web3 communities engage in
We also have built in proactive bot detection code into the app to prevent spamming and bot activity
As mentioned Catalyze is built on the Internet Computer and supports their Internet ID login along with traditional logins - google id, apple id, discord ,etc
We will also be offering Metamask login later this month
The idea behind Catalyze is to build thriving communities so we have also devised a tokenomics system to incentivize participation
So users earn tokens for liking posts, attending AMAs, becoming Mods, going to online and IRL conferences, doing tasks, etc
We have a Youtube channel with explainer videos we can share about the details of the app and the tokenomics
https://www.youtube.com/channel/UC6RESS2FU2F04kt7dR7DfVQ
In this channel (after the AMA) you can check out the app and the ides behind it
We will also be support the liquidity of other chains in app
So swapping from say Eth, Matic, Sol, ADA to ICP is possible
We want Catalyze to be a mass adoption platform so this is a key focus area for us
Also to show our appreciation to this community we are opening up the closed beta to everyone here.
I will share the URL for the closed beta at the end of the AMA!
The best way to learn about it is to play with it!
Oh and Catalyze is backwards compatible with Discord, Telegram, Slack and WhatsApp!
So we can connect channels and chatrooms from those platforms to Catalyze for 2 way real time chat
Making migrations to Catalyze easy and organic. No more asking 1000s of users to get new IDs, installing some new wallet and logging into another app
So web2 based communities can move to web3 at their own speed and not lose their members

Denis (CryptoDiffer)

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Raymond Laracuenta

Sure
So we launched principle development of Catalyze in late January and have successfully delivered on chat, tasks, events, multi method login and a new UI as of August
The closed beta launched in early August and we have let in 1200 testers to date.
The past 4 weeks of testing has focused on big squashing and UX/UI updates based on feedback.
The next set of milestones are focused on activating voice/video channels, adding our wallet, and working on UI to connect Catalyze to Entrepot (Toniq Labs) NFT marketplace
The latter will allow Catalyze communities to mint NFTs in-app and if they desire post them for sale on Entrepot
In turn Entrepot creators can auto spawn new communities on Catalyze when they setup their collections on Entrepot
This will be the focus of the milestones due in Q4
In addition we are taking to 2-3 different blockchain companies about doing a Catalyze port to their chain
Once we have those agreements finalized we will announce who will be up first
The Entrepot model will be extended to other NFT marketplaces inside and outside of the IC ecosystem
We want Catalyze to be like your favorite mall which has the key stores you want to shop at. So partnerships across ecosystems are key
After that we will be launched our tokenomics engine and expanding our events engine to support full online conferences etc
So even the smallest community can build, invite and launch a conference in-app
Use NFT ticketing etc
Once the platform hits critical mass user wise we will be launching a Community Manager Dashboard
This dashboard will anonmously mine wallet activity around the Catalyze tokens to see how engaged communities are
And give the Admin analystics they cannot get anywhere else
And the use those analytics to build better experiences for their members

Denis (CryptoDiffer)

Thank you for such detailed and interesting answers!

Raymond Laracuenta

You are welcome

Denis (CryptoDiffer)

It is time to move to the community questions part.

Raymond Laracuenta

Sure

Denis (CryptoDiffer)

Let's remind AMA rules to the community😊

❗️ AMA structure and rules: 👥

- Community questions part starts after the guest/guests finishes/finish answering the introduction questions asked by the moderator. Moderator unmutes the chat to allow up to 100 messages and mute it.
- Each person is allowed to write only one message containing 2 questions, violators will be disqualified from participating in the reward distribution.
- Copy-pasted questions from previous AMAs are strictly forbidden, violators will be disqualified from participating in the reward distribution.
- All questions&concerns regarding AMA members should send in dm to @cryptodiffer_admin
- Important, please don`t write to other CryptoDiffer team members, they won`t be able to help you.
- Winners are chosen by Guests.
I will open the chat at 3:27 UTC, check exact time on time.is
Chat is muted! Thank you for your questions, everyone!
Ray Laracuenta|Founder&CEO|@Rlaracue,please choose the questions you like and answer them! If you wish to have additional rounds, just let me know

Raymond Laracuenta

Ok
I need a min to read all the great questions
I see that there is "WHITELIST MANAGEMENT FEATURE AS WELL,
Can You Please Tell about this Feature?
How will it work?
A: We are working with ModClub and their Proof of Humanity tech to create validated user lists for any kind of drops built from whitelists
So we will build the work flow of drop prep, contest planning and the like and Modclub will handle the ID work
So we can stream line and simplify the whitelist process in app and then help ensure that the people who receive the assets are legimate.
We are big on disecting how people who work today and creating holistic models to help them to things with fewer tools and steps
🔥🔥🔥🔥

@Rlaracue
CATALYZE is great project, but i want to know how our DATA PRIVACY is protected

Does USERS have ownership over their DATA?
First off users own their data. We will not sell their data and any econimic value that community data has will be earned by that community via the tokenomics
Being on chain allows for immutibility, freedom from harsh censorship, and the like
Chat is E2EE
And with the support of multiple wallets for login people's privacy can be maintained
we also are building an ZKP (zero knowledge proof) storage system to store personal user data from chat conversations so its even more secure
This will also store assets like images, files etc
In fact our ZKP base storage system may also be spun off as a competitor to Arweave and IPFS
we are working with a few chain companies on a stand alone version that would support both Eth and L1 chains
Catalyze is a platform similar to discord,

most projects lacks in management,

how does Catalyze stand out from other competitors in terms of management? And the level of transparency adopted?
I like question but I am not sure if it means Discord mgt at the the company level or Discord's tooling re: community mgt
But I think it is more about CM
Well the data tooling and dashboard I think addresses some of the mgt issues right
We can only manage to what we know.
And most tools like Discord do tell you a bunch
The how and why of communities and their behaviors are hard to ascertain
With our analytics you will know how and why people are doing things and then be more educated on what to do next
So in terms of engagement mgt the data will make mgt a little easier.
From an operational perspective we will offer Moderation Bots to allow teams to scale. Mods are stressed out and over worked in most cases and they need help!
They dont sleep and they feel then need to do everything themselves with little automation offered
We want to change that
Even reducing the number of bots/scammers will help with mgt
One less thing to deal with so you can focus on community growth not chasing after bad actors 70% of the time
Lastly Modclub offers professional moderators who we will intergrate into Catalyze so for ongoing support or special events you can bring them in to carry especially heavy loads
How is the Catalyze platform secured? How do you ensure your security against cyber attacks? Is the Catalyze platform safe for now?
We are lucky in that one of our lead engineers has a PhD in Computer Engineering and is also a blockchain code auditor
He has been building Catalyze and auditing our code throughout
So he writes reports to us as if we were a client with remediation suggestions etc along the way
He is also the creator of the both detection tech and the ZKP storage tooling
Having a security focused engineer on the team saves time and risk.
When we are ready to launch the production version we will have a 3rd party audit on the code
But we hope our internal audits and adjustments will make easier
There are some Platforms which can't handle much Audience & Crowd at one Place,
How will Catalyze Plan to Handle all the rush?
This is one of the reasons v1 of Catalyze runs on the IC. Very fast and infinitely scalable
It also is a newer chain where loads are not excessive.
So it is a good place to grow with the chain.
We also have create two versions of our back end with the most recent being designed to handle burst loads and to scale
It is also why we are going multi chain bc we can spread the load across several chain backbones
Chains like DOT, Cosmos also help us with interchain comms
✅ What are the different ways the Catalyze platform offers to earn $UCAR tokens? Are these rewards given by the owners or provided directly by the platform?
So on the Catalyze tokens there are two types. uCAT and CAT. uCat is what you and I would earn every day as we engage with our communities.
CAT is the governance token and currency of the platform
uCAT can be exchange for CAT with a exchange rate which will be set at token launch
uCAT can be earned as mentioned above - like posts, moderation work, attending events, ask questions, onboarding users and communites (think ambassor programs), taking on tasks (task bounties), etc
Each person will also get staked tokens based on active time on the platform
So all the stuff you do on TG or Discord will have value
Some actions will have higher value than others
meaning liking posts all day wont be as effective as attending AMAs or events or doing takes
tasks
This way community managers can be assured their folks are focusing on high value interactions
Q1. Catalyze plan to reward users through an 'engage-to-earn' tokenization model. Can you throw more light on this?

Q2. DAOs are the foundation of Web 3.0 and are the future of online communities. What are Catalyze plans to develop a DAO? What rights and privileges will members exercise?
I think I hit on Q1 and we also have a Youtube video on Engage to Earn for more info
Q2 is where I will focuse here
We think of communities as living things that mature in time with care
Not all groups of people need to or should be DAOs
But when your community is ready to become a DAO we thing there are leading indicators
Our plan with Catalzye is to help you find and track those leading indicators and then when the time is right allow you to evolve your community to a DAO in-app
This way the DAO doesnt flop after a few months like so many do today
Strong communities will make for better and more sustainable DAOs
We in turn will provide the tooling, goverance tools and token launch tech needed to make it happen
And if people want to use a third party DAO maker we will do our best to integrate with those platforms so you dont lose the human side of the community as u become a DAO
Shall I keep going?
Few more?

Denis (CryptoDiffer)

if you want

Raymond Laracuenta

I am happy to
I just cannot seem to scroll far back anymore to see other questions
Have You Introduced the CATALYZE DAO , So May I ask what Is the Requirements to Participate in the DAO , Which TOKEN I Should STAKE and HOLD. ?
So to clarify we have done a Seed token round (back In January) and we are in the middle of doing our Private Sale round (closes at month end)
After that we have a pre sale and then the LGE
So if people wanted to invest that is how you can do it now and in the near future.
The LGE will be in 2023 and timing will be based on market conditions
We are hoping for a CEX listing but DEX/IDO also are great
If you are more investment oriented you can check out our litepaper and indication of interest forms on our website
https://catalyze.one/litepaper/
We want to be as decentralized as we can with investments so feel free to check it out
Hello @Rlaracue 😊

Can Any Users from any Field Use Catalyze ?
Can Anyone hold Video Conferencing or Events on Your Platform?
The first answer is yes. All are welcome as they say. Just be kind, respectful and know some communities have younger eyes watching what we say and do.
While we are focused a bit on Web3 communities that does not mean you need to have to be
We have soccer fans testing the app as we speak.
Yes on video as well
We can support up to 100 people on a video call
Discussions are ongoing in terms of going with that limit or starting smaller during the test phase
n phase 2 you have to talk about the "BETA VERSION LAUNCHED" SO, is this test Ted yet ?

And in nfts minting and airdropping also so, tell us MORE BERIF about this ?
NFT minting and dropping tech will be released to the beta later in Q4. So we cannot share it atm
Once its live we will announce it
Sumit 🚀, [Sep 13, 2022 at 11:27:45 AM]:
As you Main Competitor is Discord, so what Unique Feature are you going to Provide to the Community that they are not able to Find in Discord?

And why do you Think that your Platform will be Better than Discord in Future?

Joshua, [Sep 13, 2022 at 11:27:45 AM]:
Hello 👋👋👋👋 @Rlaracue
...
This is a common one and a great question
So we are researchers both in process design and UX
And while Discord is a great general purpose platform it is a complilation of ideas and UX/UI elements that have accrued over time
More simply put Discord started out as a voice channel competitor to Teamspeak and now with layer UI elements and feature creep it has become a bit tough to navigate for the newbies and even veterans
Plus it was not designed specifically for web3 use cases etc
We compete on the UX side by having a cleaner and more user friendly design. We dont try to jam pack every bit and bon into the UI
Look at an active community on Discord with every option turned on
For many its overwhelming
The app takes center stage not the community
With Catalyze the community first and the UI show fade away and not force itself to be the focus
You do that buy saying no to feature and UI bloat
On the functional side we integrate tools, provide token incentives and analytics from wallet mining so users and admins know what is going on and what people value
Without both big Discord communities can actually make you feel pretty isolated and or lost
Hope that helps a little
Ok one more
Not many Social Platforms are there where Interaction is Fun,
To make it interesting,
What Different Features will be Added on Catalyze?
This is actually very near and dear to me. Where is the fun?
Like we are all so serious about web3 taking over and making money which is great
But we all need fund
On a veener level we are addition robots everyone to the UI
We have some on our website but more are coming to the UI in catalyze
A deeper level were are going to have community leader boards and sharing gamefied activities not only inside of communities but across communities
We also are looking at the whole metaverse thing to see if we can do some fun social stuff on the platform where people can virtualy meet
But only if we can do it elegantly and with great value
Our chat engine design allows for cross community communications and activities
So image cross chain hackathons in app
20 sustanability groups working on campaigns together
World Cup watch parties across 100s of communities
It doesnt have to be all about working and trading crypto
We need communities to socialize together
Make friends
And make the world smaller for everyone
I feel the tech has some how made us more connected and sometimes ironically more lonely
We want to fix that so you feel connected to your community and the people in it
Lofty goal but worthwhile
As promised here is the special URL for the closed beta for all of you.
https://chat.catalyze.one
Again its a closed beta so expect code pushes etc
We have a group called the Alpha team you can join if you want to provide direct feedback to the developers!
You can also join our Telegram if you want for updates and clearly our website as well
https://t.me/Catalyzeone
Please play with the app. Create a community. Have fun
We built it for you
Back to you
And if I didnt answer your question feel free to repost it in our TG
I will try my best to get to them all!
Thank you

Denis (CryptoDiffer)

Thanks for your time