01 Sep 202017:08
O3 Swap AMA Recap
Cryptodiffer TeamHello, everyone!😁
We are glad to meet here:
Mark Stanwyck, Director at Avalaunch
Dave Donnenfeld, Director at Avalaunch
Dave DonnenfeldThanks Maks. Appreciate you having us today
Mark StanwyckHey everyone! Pleasure to meet you all.
Cryptodiffer TeamWelcome Mark and Dave, thank you for taking your time today!
Dave DonnenfeldMark can be slow to get started but once he gets going, look out.
Our team has prepared 3 questions for you to start with!
Let`s start with the introduction!
Q1: Can you introduce yourself to our community?
Dave DonnenfeldSure. Happy to do that. Coming right up
As for me, I’ve got pretty a varied business background both entrepreneurial and more traditional, having founded a behavioral company which saw me segue onto the private equity side of things. I’m a published writer from mainstream magazines to prescriptive non-fiction and even fiction so I ended up working with investment memorandum that was part marketing, legal and accounting so I got a good sense of what makes things go. When I got into blockchain a few years ago, it kind of stumped me as to how little attention is paid to fundamentals and during the ICO craze of 2017 how truly irrational people could be. I thought there has to be a way to smartly crowdfund projects and here we are.
Mark StanwyckAbsolutely, my name is Mark Stanwyck and I am one of the Directors at Avalaunch. I’ve been in technology for close to 20 years. Although I tinkered with crypto dating as far as back as 2014, I did not begin to appreciate its potency until 2016 and have been involved in blockchain ever since. Avalaunch is for me the culmination of understanding both the promise and disappointment of crypto. When we started seeing what was possible in DeFi and the real value being created, it intrigued me. When I saw the opportunity to contribute to the health and well-being of new projects, Avalaunch seemed like a great way to contribute. The Avalanche platform represents a true innovation (the first since Nakamoto consensus) and this is where I see me and our team living for the next decade.
Cryptodiffer TeamPerfect, thank you for intros gents!
Now, it is time to speak about Avalaunch!
Q2: Can you introduce Avalaunch to us?
Dave DonnenfeldOf course. From the website: "The first protocol, exclusively for the Avalanche ecosystem, to offer promising and innovative projects a fast, secure, and efficient platform for decentralized fundraising." That tells part of the story. The fundraising space is moving at breakneck speed while today’s today’s decentralized platforms are slow, expensive, and often siloed. With the Avalanche ecosystem coming to the fore and the number of projects being built on it, we believe it will offer performance advantages and true interoperability. Since we’re aiming to build a better launchpad, this is the place to do it.
Mark StanwyckAvalaunch is a next-generation launchpad that focuses on investors the teams raising through us, and the communities that grow out of those IDOs. Many launchpads have confusing and unfair allocation methods and we look to move past all that. We focus on fair and broad distribution so the teams utilizing our platform can start our right.
Cryptodiffer TeamPerfect, thank you for answers!
The last question for us before we move on to community questions part is:
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
Dave DonnenfeldFortunately, we’ve been able to communicate with Ava Labs to really bring a pedigreed product to the chain. We believe that in due course we can solve the technical issues that seem to be the norm and really to build something that is fair, can award the contributors to the platform and bring genuinely innovative projects to Avalanche and the community. Blockchain innovations are accelerating faster every day, it’s time for fundraising to catch up. On a codebase level, we're moving to audit in the next couple of weeks and are planning on running our first sale on Avalaunch in May. Our MVP will feature fair allocation for several class of users as well as project management features for the teams.
Our MVP really focuses on a first in class experience compared to other launchpads. From there, our roadmap items include several types of upgrades which build upon different sale types, vesting and distribution.
Security features and other forward looking initiatives.
Cryptodiffer Communitywhere can we find out the IDO / TGE / Listing?
Dave DonnenfeldThere is no IDO actually. We are going to be listing on Pangolin in May. Details can be found in our TG, twitter and Medium although we have not announced yet.
Thanks. Will do.
Cryptodiffer Communitya lot of scam projects out there, guess what guarantees that your project is different from them?
Dave DonnenfeldI think the team and our advisory speaks to the level of legitimacy of Avalaunch.
Cryptodiffer CommunityHow do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?
Mark StanwyckOf course, the Turkish Avalanche community is quite large, and we are developing a relationship with them in order to spread the message far and wide. We will be looking to branch out to other countries as well.
Cryptodiffer CommunityWHY do you feel EQUALIZER has to be created, what's the purpose behind you creating EQUALIZER as project. ?
Dave DonnenfeldThat's a different project that involves flash loans.
Cryptodiffer Community1. Increase Token price
2. make it a Valuable Token
3. Build Community Trust
Q: From the 3 aspects above I would like to ask which one is the most important for you and your project? If all of the above aspects were important to you Which would you do first?
Dave DonnenfeldI think building community and support is essential and the rest follows. If you listen to the community closely, they will tell much of what you need to know.
Cryptodiffer CommunityWhat value of economic benefits will Avalanche bring to the users of the Avalanche platform? Attracting Users in the first stage of launching the ecosystem is very important, so with a new direction and model from Avalanche , how will you do for users to trust and use?
Mark StanwyckThe real value here is our emphasis on community and funding the right types of projects. All of our allocation rounds are focused on supporting the right sections of the Avalanche ecosystem, and we hope that the early members see our efforts in this area.
Cryptodiffer CommunityHow do I get other projects to raise funds using Avalaunch?
Mark StanwyckPut them in touch! We also have an application on our Twitter bio.
Cryptodiffer CommunityWhen will more Avalanche Blockchain be used? What is Avalaunch doing for the mass adoption of its blockchain?
Dave DonnenfeldI believe there are over one hundred projects currently being built on Avalanche in varying stages of development. I believe this will bring it to the fore.
Cryptodiffer CommunityThe native token of Avalaunch is $XAVA. Can you tell us more about the $XAVA token in terms of its utilities, tokenomics and benefits to users/holders in the long term?
Mark StanwyckThis token is used to gain allocations in our sales in a very fair manner, but we also have rounds that do NOT require you to hold the token, so everyone has a a chance to participate. The value of the token is tied directly to the value of the sales held on the platform.
Dave DonnenfeldThus far, we've been approached by numerous projects for Avalaunch. There is an application and process found on our website avalaunch.app
Cryptodiffer CommunityYou mention that you seek to further benefit the community and investors, but aren't fundraisers really just beneficial for projects? or really how could these benefit users? will be obtaining more profit in pools?
Dave DonnenfeldFundraising is the lifeblood of the ecosystem and there are tons of early contributors who benefited greatly from the success of a given project.
Cryptodiffer Community-Why do you believe Avalaunch is the future of Fundraising? What are the problems it aims to solve that other IDO platform cannot?
-What criteria do you look out for before hosting any project for fundraising on your platform? Can any project apply?
Dave DonnenfeldI think there needs to be some fundamental rules in place for projects. Right now, it’s a little wild west and I think if there was real governance on launchpads right now, they’d want to see fairer whitelisting processes, stronger fundamentals and larger public raises. It seems intuitive yet it’s not a standard practice.
Cryptodiffer CommunityIn trying to raise the bar in fundraising, what new features, products and protocol have Avalaunch put in place to ensure that it surpasses what other fundraising platforms have been doing?
Mark StanwyckFirst and foremost, we are simply more fair in terms of our allocations. Beyond that, because of the Avalanche platform, our sales are cheap and fast, without the high fees and congestion you might see elsewhere.
Cryptodiffer CommunityCan you say 3 unique points that makes your project different from others?
Mark StanwyckGuaranteed allocations, true emphasis on the community, allocations for network validators.
Cryptodiffer CommunityWhat is the Avalanche you are addressing in the market? What is the opportunity you are exploring? What is the problem you are trying to solve?
Dave DonnenfeldIn short, to build a better mousetrap in the launchpad space. Current products are inefficient, engage in unfair practices and really don't consider the end user enough.
Cryptodiffer CommunityWhat is the most ambitious goal of the project? I would appreciate it if you could share with us any upcoming updates? What should the community look for?
Mark StanwyckUltimately to accelerate the growth of the entire ecosystem. Look out for our listing and launch next month.
Cryptodiffer CommunityDoes your project have a bonus package for members, if so, what are the terms and requirements for rewards?
Mark StanwyckNo bonus packages, but token holders are guaranteed allocations
Cryptodiffer CommunityAs Avalanche supporter, what can we do to help bring the masses to the project? As me personally, may I write an ama_article about Avalanche on my Reddit, Medium, Steemit or my other social media? of course by requesting your permition first Sir Thanks
Dave DonnenfeldYes Maegan, by all means, feel free to write about us. We appreciate your interest. I think the current development on AVAX is going to help expose it to the masses and on our end, I think continuing to develop worthwhile projects will make an additional impact.
Mark StanwyckOur whole goal here is promotion of the Avalanche chain. It will being awareness to the entire ecosystem.
Cryptodiffer CommunityI have tried to find information about your team everywhere but couldn’t. Maybe I didn’t search properly? Please share with me information about the team. It is important to gain the trust.
Dave DonnenfeldGo to the website avalaunch.app to check out the team and advisory.
We do indeed Dolores. I think having international contributors to a project is a must today.
Cryptodiffer CommunityAvalaunch is a platform built for investors, team and community.
Can you tell us how each of these stakeholders benefit from your services?
Dave DonnenfeldStakeholders will be primarily interested in participating in the upcoming crowdsales
Cryptodiffer CommunityI could read that they will have various functions such as auctions, pools and more, but could you really tell us about what the transaction fees would be? If they are relatively high, will it be necessary to implement Layer2 to reduce them?
Dave DonnenfeldAvalanche is that solution. Fast, low fee and interoperable
Cryptodiffer CommunityWhat is the hardest thing you've encountered in setting-up Avalaunch? And, how did you overcome it?
Mark StanwyckAt this point, the integration with the chain was quite easy, that's one of its benefits 🙂 Our staking contracts are quite complicated, but thats why our dev team is made up of some the best in the business.
Cryptodiffer CommunityMuch of the problems in DeFi is due to the ignorance of these systems, now that Avalaunch wants to inform and train investors, could you tell us what methodology will be used to achieve this "training"? Will it be totally free or only for investors?
Dave DonnenfeldWe don't offer training. Self-education in crypto is important
Cryptodiffer CommunityWhat are the risks associated with this project from the investor's point of view ?
Dave DonnenfeldLike any new project on a rising chain, the risks should be self-evident.
Mark StanwyckOur of the box, they are very low. Less than a dollar relative to the $50-100 you might see on ETH. We really like ETH, but the fees are very tough at this point.
Platform risk, project risk and market volatility would be the big ones.