On September 20th 2021, our community had a chance to welcome Kollect - Kollect (https://www.kollect.cards/) is the gamified collection card universe powered by #NFT.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, the Kollect directly greeted the community and provided detailed information as well as some key products and future plans.
Time: 09:00 PM (UTC + 7) on Monday, Sep 20th, 2021
Airdrop 200 USDT for the best questions in the AMA.
Below are some main points of this AMA:
Question for Part 1- Project overview
Question 1: To kickstart today's AMA, please introduce briefly about your team and some key features of Kollect.
Kollect:It’s a pleasure to meet everyone! I am excited to be here to share with you guys our project!
First off, Vincenzeo is the CEO here at Kollect. he has worked in the gaming industry for almost two decades so I can confidently say he has an extensive knowledge and experience in game development and IP Licensing.
I'm Ethan and I am the CSO at Kollect. I take care of the Biz Dev and blockchain related strategy such as the tokenomics and incentive programs within the Kollect Ecosystem.
Kollect is a gamified collection card platform for any branded IPs. Its Collection Book system Kollect.book has a unique built-in play-to-earn feature, allowing users to strategically stake their cards in different collection books to maximize their rewards. Kollect.book enables flexible gamification of collecting activities. The games published by Kollect through Kollect.game are where users can put their collected NFT cards into real actions. Each of the branded IPs can have their own games and in-game currency. The first game in the Kollect ecosystem will be a play-to-earn battle card game with PvP and PvE combat modes. Kollect envisions to become the hub for NFT collectibles and play-to-earn games.
Question 2:Next, please share with us some great milestones of Kollect during its development.
-Over $2 Million (Private) secured in investments from some of the top global blockchain firms (More details provided in our medium post)
-Global licenses for globally recognized IPs and Brand Secured.
-Power Rangers, Munchie Kings, Ruler of the Land IPs announced
-Community has grown to over 10K within one week of oppeninty our community channels.
-First AirDrop Event ($25,000 KOL and 100NFTs)
Question 3:Could you please update some latest news or big events of Kollect in the coming time?
Kollect:Our first batch of NFT sales will begin in a few days (Within the week). The exact date, venue, and details will be announced through our communication channels as we get closer to the actual sales.
Listing of our native token $KOL on an exchange at the end of September
Launch of our platform by the end of October
Launch of our first game by the end of this year.
Questions for Part 2 - Pre-collected questions from Twitter:
Question 1:. Could you kindly share some highlights of Kollect gaming technology and products that you believe will bring great success? What revenue model of Kollect that sustains the project, and what strategy do you have to attract more players in the future? @Lemin2307He
Kollect:Kollect team is consisted of game deveopment experts, who are hightly experienced in in-game economics. That is why our play-to-earn games will be well balanced. Kollect will earn revenue out of NFTs and also transactions involving the NFTs. Our strategy to attract more players in the future are based on two major components.
1) Publishing of recognized IPs
2) Launching of play-to-earn games that are well-structured
Question 2:People still don't have much idea of how NFTs work and how to acquire them, are Kollect product designed to be beginner-friendly in the NFT world? Any chance for them to vote for what should be produced and sold? @PKragak
Kollect:We are confident in our abilities to not only have games with much higher qualities than games that have already been released in the NFT space, but we are confident we can design them to be beginner-friendly. Our confidence comes from the fact that we have a team of seasoned game makers and planners. Many of our team members have also worked on AAA games giving them the ability and confidence to design games that will best fit our community needs. Being beginner-friendly is, of course, a key consideration.
We also plan on supporting our community users with multiple guides to help them through the process of exactly what NFTs are, how they are used within our ecosystem, and more. We will actively engage with our community members to see what hurdles they are facing and what steps our team can take to help guide them through.
For the second part of the question, once our platform is actively running and we have a strong community, we will hand over the governance of our platform to DAO in which they will vote and decide which brands and IPs can enter our ecosystem.
Question 3: Our market is full of a variety of gamified platforms right now. But the major disadvantage is that after playing for hours we are left with in-game rewards with no real world monitory value. So will address this problem, and what solutions will you provide? @Alley19399335x
Kollect:Users will be able to liquidate our in-game rewards ($KOL) on CEX and DEX as our token will be listed soon. Also, the economy within the Kollect ecosystem was designed to reward our users for playing our games. We will continuously monitor our games and our economy so that we can reward our players and address any issues and concerns they may have.
Question 4:I heard that recently, Kollect's first NFT Sales will be taking place on OKEx chain. So what are your expectations when participating in this program, and how do you evaluate Kollect's competitiveness compared with other NFT marketplaces like OpenSea, Rarible, SuperRare...? @Marrihanna838
Kollect:We are excited to be part of the OKEx community, which has millions of participants. We wish to create real-life use cases of our NFTs and games with the users of OKEx. Kollect is not an open marketplace nor a digital art marketplace, so our target audience is a little different from OpenSea, Rarible and SuperRare. We are highly focused on digital collectibles NFTs built around globally recognized IPs and their gamification, either through collection books or play-to-earn games. We are more curated and gamified than any other platforms in the market, which guarantees high-quality collectibles and multiple utilities deriving from them.
Question 5:Focusing on NFTs, It should be considered about Some major factors such as utilities, uniqueness & ownership. So may I know, how about NFTs of Kollect Card Platform in this matter? Will they be traded on other NFT marketplaces like OpenSea? @Nguyenhuybach12
Kollect:NFTs themselves have an inherent uniqueness and ownership coded within them. The biggest problem within the NFT market was their lack of utility and ability to extract value from them.
Once you minted an NFT, there wasn’t much the owner could do to interact with the NFTs other than trading and hoping for an increase in its demand and thus price. We plan to incorporate methods such as our one-of-a-kind Collection Book so that NFT owners can further leverage their assets and stake them to earn yield. This is just one of many methods we have instored for users so that they can gain more utility from their owned NFTs.
Users have the ability to freely trade their NFTs on marketplaces of their choosing although KOL will also support a secondary marketplace on our platform. We will keep you guys updated with the latest news regarding the perks of using our platforms marketplace as we get closer to the launch.
PART 3: BEST LIVE QUESTIONS CRYPTOFAMILY GROUP
Question 1:How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?
Kollect:We are partnering up with local partners who will make our project more approachable for local people. They will play a very important role helping our users understand the mechanisms and system behind our platform.
Question 2:Kollect develops many products, which is an advantage when it can meet almost the needs of users. However, does developing many products make management difficult? How do you ensure the quality of all Kollect products?
Kollect:Kollect seems to develop many products but in essense it is for the one unified goal. We are trying to create an exciting experience for collectors. Our entire team is focused on making collecting fun and lucrative. That is the main drive behind the quality of our services. We know exactly what we want to create and for whom.
Question 3:Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Kollect:In the beginning, Kollect is centralized in the sense that only our partners provide Contents and IPs to the project. But once the platform is actively running, we will hand over the governance of the platform to DAO. DAO will decide the listing and funding of the projects.
Question 4:Many investors only care about the value of the coin. However, when most projects start listing, the value often drops seriously. Investors often have to discharge losses and suffer heavy losses. So you how do you prepare for this situation? What benefits will investors get when holding?
Kollect:We make sure that the value of our NFTs grow by our in-built rarity system. On our platform the cards with lower degree of rarity can be burnt to be synthesized and enhanced into higher rairty cards. So in the end the number of cards will decrease gradually.
Our token has a utility on its own where the participants of our ecosystem has to use the tokens for higher rewards or better NFTs. Therefore, the value of the token can grow stably due to amount of demand for our token.
Question 5:Many new projects make a good impression at first but are suddenly abandoned. My question is, how will you manage the project and the token to get a position in the market and become the best token in the crypto world?@ethanchae
Kollect:We have a very long term vision regarding Kollect. We have many IPs coming up in the future which a lot of people will recognize and will be excited for. We focus on the actual business and implementation of what we have promised to our users. We will continuously launch the most exciting IPs and games around them, which will eventually make our token the most sought after token in the market.
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
Website : https://kollect.cards/
Twitter : https://twitter.com/kollect_cards?s=09
Telegram : https://t.me/Kollect_Official_Community
Medium : https://medium.com/@Kollect