03 Sep 202012:08
LaunchX AMA Recap
Myko (CryptoDiffer)Hello, everyone!😁
We are glad to meet here:
David Marshall, Dao Member/Advisory Board
DavidHey Everyone. Thanks for having me here.
Myko (CryptoDiffer)Welcome David, thank you for taking your time today!
Myko (CryptoDiffer)Our team has prepared 3 questions for you to start with
Are you ready to answer?
Myko (CryptoDiffer)Well! Than let's start with the introduction
Q1: Can you introduce yourself to our community?
I was active in the traditional Fund space for around 15 years. I was active in the early stages of what we know refer to as the FANG stocks. It got me very interested in the technology sector. I also became a Director of LinuxIT some years later and really got involved in opensource tech and when I heard about Bitcoin and crypto it was the perfect fit.
Myko (CryptoDiffer)Well! Thank you for the answer
Let's move on
Q2: Can you introduce LaunchX to us?
DavidSo LaunchX really is a project that we have been ideating on for some time now. As an incubator and fund we have been very active in supporting projects for many years. We provide everthing from initial seed all the way to post launch support and follow up investment via many channels - fin tech incubation and traditional stock market IPOs and everything in between.
One of the important steps for projects is a listing partner
We just felt that we could make this process really professional and help our projects manage this important day with the best support possible
LaunchX is really very unique in that we combined some of the most professional and experience people in the space together to form a Dao and Advisory Board
We will allow the public to have more say in the projects we list and also support the idea that a community run Dao is the future of Launch pads as we develop the project
Myko (CryptoDiffer)thank you for a nice and detailed answer!
these leads us to the last question before the community part
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
DavidWell, as mentioned we have been really working on this project for a while and making sure our Dao team and advisory board and key investors are the best available for this long term success of this project. We have been working really hard on this and were really pleased to be able to partner with a couple of the best launchpad projects already on the market with DAO Maker and Samurai
We are also about to list with Kucoin & Gate.io next Monday as part of this 5 way Launchpad listing so things are very exciting
I think this may be the biggest launchpad of its kind
We feel this really makes a statement and clearly differentiates us from other launchpad projects
Thank you for such valuable answers!
It is time to move to the community questions part.
Cryptodiffer CommunityEveryday new projects are doing IDO and some of them are unfortunately RUG PULL. How do LauchX team choose the projects for IDO?
DavidThis is very true. One of the reasons were doing what we are is to really create a professional approach to this and to have a BSC presence. We will run a community warm temperature check, followed by an internal review which includes technical, legal and commercial reviews
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??
DavidThis has been a real challenge to many people around the world. I have connections to some people that have been heavily affected on the personal front. As a business I feel it has created a very clear opportunity to build infrastructure to support growth. We have taken the approach to build and invest heavily in crypto. We have a min 5-10 year plan to develop in this sector.
Cryptodiffer CommunityWith the Solana ecosystem growing strongly, what do you think when the number of projects using this platform to conduct IDO in the future will grow rapidly? Have you prepared anything to support projects on Solana and Polkadot platforms in the future?
DavidYes, We are a multi-chain platform. We already have plans to roll out into Polka, Solana and other chains
Cryptodiffer Community🔵 What are the LaunchX Staking Features? How many different staking pools will be available for Launch owners and what criteria will there be to receive project money from staking pools?
🔵 What is the advantage of Cross chain shears for your platform and will you support more infrastructures besides BSC POLKADOT and SOLANA?
DavidWe have some exciting plans for staking. All listing fees minus tech costs will be staked into passive APY staking contracts. Aave will be the primary strategy since it has the highest APY. This will allow all token holders to hold and earn as part of the ecosystem.
Cryptodiffer CommunityNFT is considered the next trend of the crypto industry after DeFi. Could you share your opinion about NFT? Where do LaunchX see the future evolution of NFT features and capabilities in the next few years?
DavidWell, NFTs are very easy for non crypto insiders to understand and for that reason it likely this phase will continue. We feel its a segway into AI and VR. Its a big part of our roadmap for sure
Cryptodiffer CommunityWhere do you think the success value of new Blockchain projects is today? To be able to adapt well and be able to grow in the long term, do you have any advice for future projects that want to join IDO on LaunchX in the future?
DavidWell, the good side of blockchain is the ability for young and inexperienced entrepreneurs to raise and build from ideas. The downside in some ways is the real lack of business acumen some have. After all you only know what you know. Were looking for extraordinary people who ideally understand were on a journey. We have partners that hail from the traditional fin tech and commercial banking space. We plan to offer every project that comes through our LaunchX program the opportunity to get access to institutional investment and incubation if they become revenue generating.
Cryptodiffer CommunityUsers often care less about technology, but rather the value of the token. How do LaunchX manage to strike a balance between developing the technology and also improving the value of the token?
DavidThats very true. I think its important to provide incentive for token holders. We plan to focus on the value we provide and this will incentivise people.
Cryptodiffer CommunityCould you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.
DavidPlease follow our social channels. All the info on the Dao and Investors are very open. We feel we have a great line up. The advisory board announcements will come after launch. I have no doubt they will confirm the potential of LaunchX
Cryptodiffer CommunityYield Farming is a big business now and coming up with an idea so different, how Do you intend to capture a large part of the market
Does the Company Have A Special Training Program or Introductory Training Before I Invest?
DavidWe have big plans and partnerships on this front in the works. Our model of taking listing fees and creating staking pools with these funds are pretty unique. Kinda of like Yearn but we add the LP ourselves and keep building TVL for our community who hold our tokens. Its pretty much like a non contributory pension. Not sure anyone else is doing that. So, yeah thats a massive USP.
Cryptodiffer CommunityWhat important milestones does LaunchX aim to achieve by the end of this year and in the future? How will it help you and how will LaunchX be successful in 2021 and beyond?
DavidWe have big plans. I guess the biggest would be to generate 1B TVL through our staking pools. Take a project to a 1B IPO. Hope thats a big enough vision
Cryptodiffer CommunityCurrently, NFT is very hot, do you think you will apply NFT technology to your products in the future?
Cryptodiffer CommunityHow do you describe LaunchX in a single sentence?
DavidSpace? You mean LaunchX lol
Cryptodiffer CommunityHow do we members contribute to the utmost success of your project. ?
DavidHopefully being a token holder offers the community real value and we will strive to create ideas to support continued adoption.
Cryptodiffer CommunityWhat are the use cases and purpose of LaunchX in the world of Cryptocurrency? What major issues do you want to solve that other projects aren't able to fix?
DavidWell, first off we want to make sure whitelists are transparent and not just handed out to projects friends and families. Our governance structure allows our community to vote on projects and also the staking pools should reward all token holders no matter whether they want to invest in every project or not.
I think my fingers are getting cramp now lol
Myko (CryptoDiffer)okie! you've answered a lot of questions!
thank you a lot, i think the answers would be helpful!
DavidGlad to be here and tried to answer as many Qs I could
Hopefully we get some of you onto LaunchX platform
Cheers all. Have a great day.