07 Sep 202023:08
Jigstack AMA Recap
Cryptodiffer TeamHello, everyone!😁
We are glad to meet here
Robert Weir, COO at Jigstack, (@RobyGu)
Charles Robinson, CBDO at Jigstack, (@crobinsonoc)
Robert WeirHey everyone glad to be apart of this AMA and excited to answer your questions about Jigstack
Cryptodiffer TeamLet`s start with the introduction questions!
Q1: Can you introduce yourself to our community?
Robert WeirSure thing
I am Roby Weir and I am the COO of Jigstack. My background over the last 10 years has been developing companies from the ground up over which i have either owned or worked as a partner on. Mostly building in the e-commerce space we were able to take brands from the infant stages to global distribution in only a few years.
Cryptodiffer TeamQ2: Can you briefly tell us what is Jigstack in 3-5 sentences?
Robert WeirJigstack is a decentralized Ethereum-based DAO with a conglomerate structure. Its purpose is to govern a range of high quality, revenue-generating network solutions on the Ethereum blockchain. Our first product will be Lemonade which is a token launchpad well-suited for
upcoming DeFi projects.
Cryptodiffer TeamQ3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans
Robert WeirSure thing. Our current milestones have been our successful raises in both seed and private which we actually oversubscribed very quickly. So I do apologize to anyone who missed out but we have some cool features which we will announce to all who join our waiting list which and will be activated on our public sale which is also near being publicly announced. We are also excited to announce that we acquired ICORating.com to be a key pillar of exposing companies who launch on Lemonade.
Cryptodiffer TeamCharles Robinson, CBDO at Jigstack just joined us
Please introduce yourself to our community
Charles RobinsonHi everyone
This is Charles Robinson Biz Dev for Jigstack. Great to have you on
I have over six Years of experience and Crypto from investing investing in projects to developing smart contracts
The Jigstack team is why I joined Jigstack
World-class and we really understand Defi, DAO’s and who our massive user base will be
Lemonade our token crowd funding Dapp is making major waves already with amazing partnerships and excitement building by the hour
Cryptodiffer TeamThank you for such detailed and interesting answers!
It is time to move to the community questions part.
Cryptodiffer CommunityHow do you plan to increase the holders of your token and what benefits can we obtain from becoming a long-term hold of your token?
Charles RobinsonWe are gearing up for 5 years of building the ecosystem and seeing steady price appreciation
Our dao will be a dao of daos in defi and will be Industry-leading. So, a long-term approach
Cryptodiffer CommunityIn Africa where I come from, lemonade stands are usually operated by children who have passion for business, and the beauty of it is that they don't need to go through any intermediaries as people are always eager and happy to patronize them. So applying the same concept to crypto or DeFi as it were is quite unique, can you tell us more about Jigstack lemonade stand concept and why you think solutions such as Lemonade will play an increasing role of importance in the space?
Robert WeirSuch a great question. Lemonade Stand is basically building off the idea that currently there are way to many hands touching the process of product to end user, and what we are trying to achieve is removing these friction points and middle men as much as possible in all our products moving forward. So we use the term Lemoande Stand as it resonates with all of us how simple this business model is for a person to setup a product and sell directly to the end user. I also personally want to see the day where countries which are less developed have access to such launchpads and tools to sell anything from tech to clothes without having the financial roadblocks which cause a lot of talented people to not hit their full capability. We believe Lemonade and Jigstack for that matter can help close this gap.
Cryptodiffer CommunityHello. Can Jigstack act as tech outsourcing partner for clients who don`t have the necessary knowledge of the blockchain to launch their own token (even considering the ease of running IDO on the Lemonade platform)?
Why do you call Jigstack "network solutions on the Ethereum blockchain", since you will be using HBAR/Polygon also?
Robert WeirHey Alex,
- Lemonade acts a full suite for projects to do their crowd sale campaigns, from the fund gathering itself to exposure and afiliate marketing (in the near future). Its good to keep in mind this does not substitute a solid development team for the rest of said projects, as Lemonade allows devs to focus on the core code.
- Currently our stack is Ethereum-based, as it's the more solid ecosystem currently dev-wise, but we're definitely pushing for a multi-chain approach moving forward. Stay tuned for even more interoperability announcements 😊
Cryptodiffer CommunityCan you give us an overview of Jigstack token economics? Is the token designed to rise and fall with the success of the platform, and does it include any scarcity paths such as stake, store, or burn?
Charles RobinsonWe are currently in the final round of our Tokenomics development. I have developed tokenimics for over 10 projects and it is my specialty so rest assured the public and our investors will be taken care of!
Cryptodiffer CommunityGood progress and project
Being a sustainable one is what Investors look out for
How do you intend to keep users more interested in project, what facilities and other blockchain utilities are you creating? Would they be bug bounties or airdrops?
Robert WeirThe great thing about Jigstack is will will not only be improving our current products in development but will always be building more products that have synergy. As we are building DAO governance model we will also be adapting a voting system where Jigstack holders can either present or vote on new products to be developed under the Jigstack umbrella.
Cryptodiffer CommunityWhat are the key milestones on your roadmap - both things you have already achieved and things that we can look forward to? Any partnerships and short/long term technical milestones that you want to talk about or bring some attention to?
Charles RobinsonHi, we have several Partnerships already announced and more on the way! Our milestones are to get the lemonade product out in March Ethlink and Stakbank soon to follow. Thanks
Cryptodiffer CommunityRecently Jigstack has many partnerships with very interesting projects, Why choose a partnership with Polygon? Is this part of the Jigstack Strategy to attract users? and What do you want to build together?
Robert Weirhey Hendra, all partnerships we have currently and in the future were built with synergy in mind, not just reach. Polygon's Matic L2 solution really fits into the UX-driven approach to our products, so users don't have to pay large fees in order to get into crypto.
This gets a bit into spoiler territory, but we're developing a massive-reach crypto product that wouldn't be possible without the scalability players like Polygon provide.
Cryptodiffer CommunityWhy do we need to own $Jstak, what benefits does it have to be profitable for users? To ensure your strong growth, do you have a plan to build a strong community with many members who understand and loyal to the foundation?
Charles RobinsonThe Jstak token will be our governance token that is listed on a to exchange. Thos token will receive a percentage of commissions for all projects that are in our ecosystem
Cryptodiffer CommunityMany blockchain projects are on paper only and don't have any product or have a product with no practical use case. Please let us know what is Jigstack current practical product in use? What are your plans for the product to be better in the future?
Robert WeirGreat question. I am a strong believer in building viable products that solve problems, and us as a team will always strive to execute the best possible models we can. I guess letting you know that we will be doing our public sale on our own Launchpad shows how we believe in what we are building and we are not using more established third parties to assist in our launch. This is what we are all about, creating products that we too will use and need.
Cryptodiffer CommunityQ1.How important is the Jigstack community in your vision? How can they help you widen your audience or participate in the development of the project?
Q2.How do you think the Jigstack team can overcome all the regulations that countries have? Do you plan to cover the whole market or focus only on a certain group of countries?
Charles Robinson1. Extremely important you are the reason we exist! We anticipate great participation in our governence by the community 2. We are working with the appropriate regulation authorities
Cryptodiffer CommunityI saw many people said that NFTs are the next ‘Trend’. I also saw some use-cases of NFTs in crypto space. How do Jigstack think about the evolution of NFTs in crypto space and the real world?
Charles RobinsonHi I am
An NFT guru having already invested in other nft projects I saw what Jigstack is going to do in the space. It will be amazing.
Cryptodiffer CommunityNow, in the world have many impressive crypto project so what is your advantages over them to attract new investors and customers?
Charles RobinsonGreat question we know our user base and our experts in social media marketing we are going to empower the small and medium size token launchers which can create a new avenue for the companies with our lemonade product
Cryptodiffer CommunityWhat are your plans for the nearest year in terms of marketing and business development? How do you plan to expand the network, community, partnerships, etc? Why should investors enter your ecosystem?
Charles RobinsonWe are actively seeking and signing partnership deals we are the Dao of defi and will be the token launch platform of choice with our partners
Cryptodiffer CommunityWe all know that there are many problems with the Ethereum network: scalability issues, high gas costs, slow speeds, etc. So, why did you choose to build a token on the ERC-20 blockchain ecosystem? Why not build it on some scalable blockchain?
Charles RobinsonGreat question! We are building on Eth also Hedera l, polygon, and avalanche we have multiple platforms in the product to operate just the same although be cheaper and faster on various platforms as compared to Ethereum
Robert WeirWe are all about transparency. This includes always updating our community with code audits, being clear about where finances/tokens are held, and probably most important to me is owning any mistakes we make on the way,. Nobody likes a coverup and this you can hold us too. Without a strong trusting community we are never going to go where we all want us to end up.
Cryptodiffer CommunityHow solid is your technical base and Jstak token utility compared to other Defi projects? Are you ready to change quickly in the ever-changing cryptoeconomy?
Robert WeirOur tech team consists of decades-worth of experience in the blockchain space, which is something few projects can say (I'm specially looking at you anonymous ICOs 👀). This gives an extra level of robustness to the whole Jigstack brand.
$STAK will be already born interoperable, utility and governing, with features across the whole Jigstack umbrella, so that's a big differential. As Charles mentioned, we have tokenomics in the refinement (already counting with all that good stuff you mentioned) and will be announced soon.
Cryptodiffer CommunityThe DEFI space is very young and is changing rapidly. My question is, how flexible are Jigstack tools to adapt to changes in the DEFI crypto space?
Charles RobinsonGreat question we are using the state of the art development tools we also subscribe to the most expensive Blockchain forums and we speak in sponsor at defi conferences so we are in the main-stream and will maintain our position and grow our position as leaders focusing on defi
Cryptodiffer CommunityCollaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can Jigstack share some of the partnerships you have formed with existing blockchain foundations recently?
Charles RobinsonThat is a great question if you have some recommendations for foundations I would love to hear as far as companies with partnering with Hedera polygon avalanche Gains and many more to come
Cryptodiffer Community📀Q.I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities ?
Hey fellow dev, great to have you on board. We'll offer continuous bug bounties across our products, as well as further dev tasks community can partake. Stay tuned 🤟
I am a investor and I only care about prospect of a crypto that I chose, tell me the reason why I should choose your project over the existing one ? What is Jigstack coin advantage that can convince me to change from my favorite token/coin ?
Charles RobinsonGreat question and I appreciate your frankness I believe after joining the jig stack team and I could’ve joined many other teams as I have over 20 projects under my belt that the performance of our token will be very strong and very robust I have been trained by the top people in helping a token grow in a stable fashion and what we need to do to ensure that it doesn’t flare out like a supernova
Cryptodiffer CommunityCommunity is the backbone of every project. What is Jigstack's strategy for building a strong global community? How can the community contribute to the success of Jigstack and generate income?
Charles RobinsonWe will have the defi dao
Of daos and our
Governance will be second to none thank you for your question
Cryptodiffer CommunityQ.Who is your investor? How do you generate revenue to sustain the project? What are your goals to the end of 2021 and beyond?
Charles RobinsonWe have private investors which we do not disclose we’re looking forward to our public offering coming up in a major exchange
Cryptodiffer CommunityCOVID 19 has slowed many economies around the world but as a crypto business has it affected you negatively or positively? Secondly, are you still on track to achieve your targets as the road map says??
Robert WeirIt has been devastating to see so many SME have been hurt by Covid 19 and I have witnessed first hand some dear friends lose everything they have built. From our stand point I would say it has been positive as it has created a stronger eco system for remote teams which we are built up from. In regards to roadmap we will be launching this publicly very soon and this will almost concrete solid we hit the milestones planned out.
Charles RobinsonGreat love to have you aboard we will have bug bounties what projects have you worked on in the past?
Cryptodiffer CommunityIt requires standardized quality assurances and a decentralized approach to advance the DeFi ecosystem to the next level. How prepared is Jigstack on this quest and embodies this vision perfectly, thanks to its DAO governance and multiple revenue-generating solutions compatible with all Ethereum wallets.
Robert WeirThis is one of Jigstack's largest differentials: our focus on tech due diligence and the way we structure the organization core tech to work across products consistently.
Cryptodiffer CommunityWhat are the ways for your project to generate revenue in the long run? What is the progress of business development and what are some of your commercial partnerships?
Charles RobinsonGreat question. The J stack token will earn commissions on all projects launched and all partnerships will also pay commission by sharing revenue with us and us with them
Cryptodiffer CommunityWhat is your long-term vision for the industry Jigstack is working in? Are you worried that one day there will be another project with more innovative technologies that can replace Jigstack?
Charles RobinsonThank you for your question we are not worried we are the leaders in the fire and we have many person years of experience
Robert WeirAgree there are fantastic projects out there and this has made the bar so much higher. This is great for the market as a whole and also gives new companies like us new non-negotiable standards we must hit. I will rant on about this but it comes down to execution. Everyone can have great plans and ideas but what makes a strong project is execution and we have the team to deliver on our promises.
Cryptodiffer CommunityDEX like Uniswap on Ethereum blockchain is getting very expensive, will Jigstack services become more affordable?
Robert WeirAbsolutely, that's why we're partnering with scalability solutions and well as more sustainable DeFi projects (to be announced soon 😉)
Cryptodiffer CommunityHow will you manage your platforms if there will be unexpected problem occur in the future especially hacking issue which infact your platform has some personal data of some your users? Is your platform is ready to face this kind of situation if ever?
Charles RobinsonGreat question our smart contracts are being audited for a quality we also have some of the top devs in the industry
Cryptodiffer CommunityWhat is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
Charles RobinsonThe most ambitious goal is a DAO of the DAO’s we want our governance to be top notch and cutting edge we are hiring the best legal and DAO minds
Cryptodiffer CommunityHow does Jigstack plan to dominate the DeFi market? How easy is it to use Jigstack DeFi DAO?
Robert WeirJigstack products are envisioned to be something your grandma can use, and that's one of the pillars on how we'll dominate this growing market.
Cryptodiffer CommunityWhich oracles will Jigstack use to get accurate data? Chainlink or maybe DIA? How do you plan to prevent oracles from providing false information?
Charles RobinsonChainlink but we are open to new and Cutting edge oracles
Cryptodiffer CommunityWhat directions of Jigstack development, in your opinion, will be the most attractive for large organizations and institutional finance?
Robert WeirDefinitely how it's all connected, under a solid, transparent and efficient base; having our users in the spotlight instead of giving them barriers of entry.
Cryptodiffer CommunityAs Education for crypto currency is necessary nowadays , what’s Jigstack plan to to attract those people who don’t know about cryptocurrency?
Robert WeirThis question excites me. Our products are built on the two pillars got to be easy enough that our parents can learn to use them. But also be bulletproof that we can not have any unwanted issues with our tech. This is where we as a team need to balance UI/UX with Security. Trust me, every day I go back to these two points to make sure we are developing to be easily adaptable for newcomers.
Cryptodiffer CommunityHow does Jigstack assess the risks associated with market uncertainty and volatility? Is there a market risk hedging mechanism to ensure user safety?
Charles RobinsonOur team are experts in algorithmic stable coins there may be a products along those lines we will have a steady stream of press releases and announcements to manage the value of the coin moving forward we are innovators in the space it will always offer new innovations
Cryptodiffer CommunityWhat is business model of Jigstack How it works? and
Who are Jigstack potential customers and which markets are you targeting on?
Charles RobinsonGreat question the business model is one of launching new tokens raising money for their projects via Lemonade and crowd funding and creating affiliated marketing plans and links that can be placed on websites for Youtubers and others also a DAO governance platform and a staking platform
Cryptodiffer CommunityI've participated in several AMA's and invested in countless projects, sorry to say, most DeFi projects flooding the space now are just like a beautiful car with bad or no engine, what they have is just whitepaper without a working product thereby causing their investors their hard earned money. Is this scenario the same with Jigstack?
In what ways does Jigstack provides value to DeFi and tokenization enthusiasts?
Robert WeirThat's absolutely not us. We have working products, developed under strict quality guidelines, in a short period of time, with solid security audits. Moving forward, you can count that Jigstack products are the ones you can rest safe and know it isn't just a fork + reskin, or fancy new website that is there to just take you money.
Cryptodiffer CommunityHow can users access up-to-date information about this project? Are you planning to create local communities where users can get the latest updates?
Robert WeirYes we have our Telegram group, as well as an ANN group. Othe places will be our medium and twitter. But we won't stop there, and are thinking of doing some exciting stuff on clubhouse. All our channel links are on our website jigstack.org
Cryptodiffer CommunityWith his partnership with the Bonded Finance Platform, what is Jigstack's developmental goal in developing and helping to push the limits of DeFi? How can Jigstack's users and communities benefit from this partnership?
Charles RobinsonGreat question we will be focusing on the top DEFI protocol partnerships protocol stacking as you can see the jig stack or puzzle pieces that fit together we also have the best minds in DEFI and DAO governance working together with these platforms to develop unique and cutting edge ways for our users to build their wealth
Cryptodiffer CommunityThere are 3 core issues prevalent in crypto and blockchain:
Security, Interoperability, and Scalability. so
How does Your Project plan to overcome these issues?
Robert WeirOur team's experience on past projects + partnerships with solid security firms and auditors give us an important edge on security. For interoperability and scalability we're partnering with the best projects around so we can expand our infrastructure beyond conventional niches.
Charles RobinsonGreat question we will have scarcity will be able to mention burn tokens so that our master plan for governance and price appreciation can be realized
Cryptodiffer CommunityCan you tell us about market pie you are trying to conquer, your competitors and your SWOT analysis for your offerings? What sectors that your team are disrupting now ?
Charles RobinsonGreat questions we are disruptors in the token launch space launching token ecosystems for very little money. We’re also disruptors and affiliate marketing on the Blockchain we will be disruptors in the DAO governance and partnering with other DAO and DEFI platforms
Cryptodiffer CommunityCurrently, many gaming #NFT platform projects are emerging. In what way will Jigstack be unique and competitive in this niche?
Robert WeirThe gaming area is where we strongly believe our second product Ethlink (affiliate marketing tool) will be a huge tool on assisting onboarding gamers to new products. We have a variety of ama_articles being published soon about Ethlink and will have demos to show within a month of the UI. Launch date of MVP also to be announced soon on our roadmap
Cryptodiffer CommunityAre you planning to burn or buyback your tokens from the market in the future? What happened to the unsold tokens?
Charles RobinsonWe will have a burn schedule
Cryptodiffer CommunityCOMMUNITIES gives a project a strong base, what are your plans on " Global expansion and adoption " with Jigstack project ? Will " $ JSTAK " holders be allowed to partake in the governance of this project ?
Robert WeirCorrect community is absolutely a key element in our success and we will be striving for JSTAK holders to be able to participate in many actions Jigstack takes including presenting or voting on new products.
Cryptodiffer CommunityAccording to your website, all assets deployed under the Jigstack brand are audited, non custodial, trusted and secure. So, can you tell us what kind of security measures and precautions being applied and implemented to Jigstack brand to make it sure that it is secure and trusted? Do you have any quality check to make sure that Jigstack brand is being audited before it will be live in your platform? Thank you
Charles RobinsonGreat questions we are having our smart contracts audited we also have the best developers in the industry working with us we have spared no expense to build the quality into our products rest assured each potential attack vector l is being neutralized
Cryptodiffer CommunityWhat are the main differences between the Jigstack and other DeFi? Why is DeFi DAO better?
Robert WeirReliability and QA isn't something you see very often in this very early DeFi market, and that's why being a DAO is better as it shares tech, user base and quality among various products.
Cryptodiffer CommunityAs in any NFT project, Hayek Money must contain its characteristic NFT that has the highest value in the market, could you really tell us what it is? and with which combinations of NFT we could obtain it?
Charles RobinsonNot sure I understand the question what kind of money are referring to? NFT’s are the future I have worked with several NFT companies already that have mind blowing technologies JugStaxk will deploy NFT where it makes sense in upcoming offerings and also to work with our partners where needed
Cryptodiffer CommunityI have understood that commonly elastic supply projects use their "rebase system" 1 or 2 times per day, but you're different, you use it 6 times! , Why did you decide make it like this?
Charles RobinsonLet’s chat more about re-base
Cryptodiffer CommunityCurrently a lot of crypto investors use phones to work, so does Jigstack have a plan to develop a platform on IOS or ANDROID?
Robert WeirYes, our plan is to be mobile friendly on web dApps, as well as having mobile apps of our own.
Charles RobinsonThanks for the question the governance token you mention will be paid commissions from projects that are launched on the platform
Cryptodiffer CommunityCan you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Charles RobinsonOur partnerships are already several and are growing each week we only partner with the companies that help us to achieve our strategic goals. Polygon formally Matic Avalanche, Hedera Hashgraph etc. more to come we are very excited about partnering DEFI is all about partnering in protocol stacking
Tokenomics have not been finalized yet we are working with the best experts in the world rest assured the public and private investors will be taken care of in our model
Cryptodiffer CommunityMany projects fail because they do not understand their target audience and their customer. And so I want to ask: Who is the most ideal customer for your product?
Robert WeirCorrect knowing your audience is a key element to success. The spray and prey methods went out the door in 2017 and now as companies building in this space, we need to be aware of who we are targeting. Although our products are built for mass adoption we still need to start with a targeted audience. This is where we align with groups and influencers whose audience and communication match our tone and has a real seamless way of introducing us to their fan base. Along with this, we work with only quality publishers who understand what we are building and create content that will resonate with people interested in Defi/Dao space currently running hot in the market.
Cryptodiffer CommunityHey fellow dev, great to have you on board. We'll offer continuous bug bounties across our products, as well as further dev tasks community can partake. Stay tuned 🤟
Charles RobinsonWe are very interested make us a proposal
Our partnerships are always strategic to help us meet our goals they must be win-win and we and our partners all gain from association for this is what decentralization is all about thank you for your question
Cryptodiffer CommunityJigstack project looks good but it confuses me that there are so many other good Blockchain project. Why should I pay attention in Your project to give it the importance it deserves? What are your planning to achieve with your project?
Charles RobinsonGreat question we will have the best partnerships in the best development code in the world it will be cutting edge and extremely creative that is what separates us from the rest the best never rest
Great question we have the best developers working on our projects we are the most creative our team has the most broad experience in crypto and blockchain some members having after six years experience in Blockchain
Cryptodiffer CommunityWhile you build Jigstack do you take into account community feedbacks and demands?
Robert WeirYes Yes Yes 100 times Yes. Feedback whether positive or negative is important to be able to digest to ensure you are building products that solve problems your ideal customers face. Otherwise, you are building dark which is always dangerous. All our team members are active on any questions we get and our admin and mods keep us updated with any questions or feedback we should consider. Thanks for your question
Cryptodiffer TeamThank you for your time team!
Great answers today!
Thank you to everyone who took part, appreciate the activity