On June 14th 2022, our community had a chance to welcome JACK – Global CM of FOTA to join an AMA to deliver fruitful information about the key features and roadmap of the project.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
FOTA (https://www.fota.io/) is an AAA Metaverse Gaming project which is under the Hybrid of MOBA-RPG .
At this AMA, JACK – Global CM of FOTA directly greeted the community and provided detailed information on the project as well as some exciting events that will be held in the near future.
Time: 20:00 PM (UTC+7) | Tuesday, June 14th, 2022
Venue: https://t.me/CryptoFamilyVN
Reward Pool: $200 for members with the best questions.
PART I: OVERVIEW QUESTIONS
- Could you please tell us about yourself and key features of FOTA? What was the inspiration behind the idea of this Metaverse Gaming project?
FOTA:
My name is Jack. For my role in the FOTA Metaverse, I’m the Global Community Manager. I’ve been with FOTA since the beginning. It is my pleasure and honor to build up our community on the first day as well as advise the marketing strategy for FOTA.
In the past, players have accepted that their items are stuck forever in games and can’t move freely. Blockchain gaming serves to unchain those barriers and carry even more exciting developments. At FOTA, we implement Blockchain technology to:
– Absolute Ownership: FOTA provides the NFT Assets as a tool for players to control and manage their crypto-asset, such as Heroes, Skin, Weapon, and other equipment in their private wallet.
– Metaverse Economy: Blockchain acts as a layer 1 to power the entire financial and economic activities such as payment gateway, asset exchange, asset rent,…
- Can you introduce some competitive advantages of FOTA compared to other current gaming projects?
FOTA: We have some great advantages over our competitors:
We have a feature that is Rent-to-Play. I’m finding it is the most interesting. Rent-to-play allows players who already have Heroes and Items of high levels to rent out those NFT properties on the FOTA Marketplace. This feature helps to solve the problem between players who want to optimize NFTs such as Heroes and Items that are available, as well as players who do not have enough experience or money to buy high-end items. The establishment of a lease contract will be established through a Smart Contract between lessees and lessors, thereby avoiding the occurrence of violations of loan terms on the Binance Smart Chain.
- Can you share with us some latest updates or big events to gain more attention in the near future?
FOTA: For Product: We already release our Beta Testing version, and the Official version will be release very soon. Especially that, we will release the PvE Mode first, so that the players can earn the reward and train themselves for the PvP Mode. In the long-run, we will introduce more Hero and Worlds inside our game. For the next year, our Game will have a large upgrade to have the new storyline for Worlds Saga, which we can input more game genre and gameplay inside our FOTA Metaverse.
For Economy: We have to balance the demand and supply of Token and NFT. Users can boost the utility of NFT through Rent-to-Play and Cross NFT to enjoy our Metaverse game in the future. For the Token, we will have the IDO on 16/6 with Bluezilla, Oxbull, Equinox and MoonStarter, after that we will list FOTA on the Tier 1 Exchange 😉
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
- From @Crypto1326_Uq
The current market conditions seem to get worse recently, which increases the level of vulnerability and scares most investors. How can you mitigate and deal with this issue to ensure the best benefits? What do you think about the future of GameFi trend in the second half-year 2022?
FOTA:
Yup, we are seeing the market has a huge adjustment within this year. But I believe that this is the best time for the market to slow down in term of investment. For project, it is an ideal time for continuing build up and finish the product, and actually our game have a long roadmap to finish.
For the GameFi Market, it also the time for purifying bad projects and helping us to eliminate some competitors. GameFi is the best way to implement the NFT and Crypto in the virtual economy.
- From @yahhabibii88
One of the biggest problems in the crypto market nowadays is privacy and security. Have your contract been audited? What are some insurance methods to help prevent your platform users from being hacked and stolen assets on FOTA?
FOTA: For our Project we have 2 Blockchain factor: Token and On-chain Data. For the Token, we already audit our Smart-contract with Hacken and Certik. For On-chain Data, we use Binance Smart Chain, therefore if BNB Chain is safe, our data is safe and can not be hacked.
You can check out our audit report here:
https://hacken.io/audits/#fota
https://www.certik.com/projects/fota
- From @ucgul_esref
One of problem NFT games was that users only when they won small rewards immediately withdrew from the game, damaging the liquidity of the project. How does FOTA take this reality into consideration and manages economic strategies to support the true lovers of its game?
FOTA:
Actually, the in-game reward is the circulation of NFT, DeFi and Rent-to-Play mechanism. That is how we diversify our cashflow so that our economy won’t rely only on one source. In the future, we may also extend it to many field such as E-Sport Game Tournament, Cross NFT and many more.
The Cross NFT will allow players to bring their NFT to our game sequel and metaverse. That will boost the utility of FT
- From @Nur96io
It piqued my interest that your “FOTA” game will have its own Dex wallet, “FotaWallet,” so could you tell us what key features it will have? And why would you choose this wallet over the most popular “Metamask” and “Trust wallet”?
FOTA:
Actually, the in-game reward is the circulation of NFT, DeFi and Rent-to-Play mechanism. That is how we diversify our cashflow so that our economy won’t rely only on one source. In the future, we may also extend it to many field such as E-Sport Game Tournament, Cross NFT and many more.
- From @Nguyenn_Phongg
Having partners with big communities and gaming guilds can create more hype among the group of players. So how many partners does FOTA have, what are the results that they bring? Are you having plans to include more partners in the coming time?
FOTA:
We currently have a lot of great partners, coming from many continents, and I will list a few notable names here:
– North America: DEXFORCE (DEXTOOL),DefiBoost, Oxbull, Stakez Capital…etc
– EUROPE: Gains Assosiates, BCA Investments, AVG Venture, Merit Circle, Moonstarter, Dutch Crypto Investors,Kepler, MH Venture, Hololoot…etc
– ASIA: LABS Group, Ghaf Capital, AVStar, Tugoushequ China, NFTB, Cosmic Wyverns, Gamefi Research China, Kenzo Ventures, Newtribe Capital, KOI Capital, ChainRidge Capital
They support us in the Technical, Finance and Marketing Aspect.
PART III: BEST LIVE QUESTIONS IN CRYPTO FAMILY GROUP
- The site lists Microsoft as a partner. How do you cooperate and what benefits does the partnership bring?
FOTA: FOTA integrates the Microsoft Mesh technology, a Platform built by Microsoft Corporation to explore and experience the Metaverse in the best way. Microsoft Mesh is the world’s first Platform that fully supports MR technology.
MR (Mixed reality), also known as hybrid reality, is a world mixed between reality and virtual world in which real and virtual objects both exist and interact in real-time. MR is a combination of VR and AR technologies. In MR, the things of the real world and the virtual world will interact with each other. Mixed reality technology is similar to AR. But not monotonous with graphics or text on the real background, this technology focuses on systems, links to create an environment full of facilities such as SKYPE phone calls or Microsoft Hololens to connect all multimedia content and entertainment.
- I’m curious if the game requires a lot of money to get started. Can you give us an estimate of how much a user should put up to start your game?
FOTA: For the game, you will need at least 3 heros (NFT). The price for Hero will be varied from 170$ to 200. So in total, you will need between 510$ to 600$ for three heroes. And you can earn back from 1-2 months.
- Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join l it?
FOTA: You can check our WPP here with full of FOTA information:
For the Pre-Sale, we finished it many months ago. We will have the IDO on 16 June with BlueZilla, Oxbull, Equinox and MoonStarter
- Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
FOTA: People will need to use $FOTA token in game, and it will also our revenue. We will use part of it for the burning mechanism and Treasury to improve the liquidity for FOTA Marketplace.
- Do you offer any kind of scholarship opportunities for players? Also, do they have educational programs and everything a person could need on their journey to becoming a profitable player in the FOTA metaverse? How can we learn more about the game?
FOTA: Actually, Our Scholarship is the Rent-to-Play feature, which allow new entry players to access the game easily. For the educational program, we plan to use PvE Mode as the training mechanism for newbie and than they can battle with another players in PvP.
CF: 📌 Seems like there’re many things to exchange, but I’m afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below:
➡️Website: https://fota.io/
➡️Telegram Channel: https://t.me/fota_channel
➡️Telegram Group: https://t.me/fota_groupchat
➡️Telegram Vietnam Group: https://t.me/fotavietnam_groupchat
➡️Twitter: https://twitter.com/fightoftheages
➡️Discord: https://discord.com/invite/fota
➡️Medium: https://medium.com/@fightoftheages
