On October 28th 2021, our community had a chance to welcome Mr. Khanh - Marketing Manager and Ms. Mylo - Partnership Manager of INFINITE LAUNCH 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.
At this AMA, INFINITE LAUNCH TEAM 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: 19:00 PM (UTC+7) | Thursday, October 28th, 2021
Venue: https://t.me/CryptoFamilyVN
Reward Pool: 200$ for members with the best questions.
Below are some main points of this AMA session:
PART I: INTRODUCTION OF INFINITY LAUNCH
1. First, please briefly introduce your team and some key features of Infinite Launch. What are its competitive advantages compared to other GameFi & NFT platforms?
INIFINITY LAUNCH TEAM:
I'm Mylo and currently I'm the Partnership manager of Infinite Launch with over 6 years of experience in the entertainment industry and also a true crypto enthusiast and passionate entrepreneur.
Hi guys, I'm Mylo's colleague, a passionate community builder with 2 years experience in crypto field. I take the responsibility for community building and management for a variety of multinational blockchain projects. With Infinite Launch, I will rocket our community to infinity and beyond !
Ms. Mylo: So let me introduce about our core team members:
Our team is divided into 2 main departments:
- Dev & Chain: 5 members, who have been spending their recent years building DeFi products, from diverse backgrounds. As the project progresses, team expansion is a MUST, to make sure we can keep up with the usage and ensure the best users' experience.
- Growth team: 5 members, including 1 growth lead & 1 social team. We allocated 4 members to take care of the community, cause members are the heart of our operation.
- Our Founder/CEO is David Nguyen, who has 12 years of experience in software development & 8 years in Blockchain Engineering. He has successfully built Incognito Privacy Blockchain from scratch to a privacy network with the most validators all around the world.
And about our project, Infinite Launch is a launchpad combined with NFT Platform, providing quality projects including Defi and Gamefi, some key features of Infinite Launch can be mentioned as:
1. Tier System helps holders get different benefits such as early access to good projects launched on Infinite Launch or free NFT airdrop
2. Farm and Staking receive ILA and NFTs for Holders
3. Join Gamefi games or NFT project directly developed by Infinite launch's team
4. Trading NFTs on our NFT Marketplace
In particular, Infinite Launch developed based on 2 factors
1. Cooperation project
2. NFT market place
CF: Really impressed with the details our Guest provided today in the first part. Now let's explore more in the next questions below
2. To move on, please share with us the roadmap of Infinite Launch in the near future.
Mr. Khanh: I love this question, so lemme share about this. In the next 3 months, we will have a lot of activities for Infinite Launch:
- In November, we will have a public sale and listing on Pancakeswap.
- At the end of November , Infinite Launch will be listed on Coinmarketcap, Coingecko, Blockfolio & some CEX.
- We already partner with 3 big game-fi projects right now and will also help them IDO in November
- In December, we will have Staking program and launch the first Play-to-earn NFTs game on our Infinite launch platform.
Yet, there is one more special thing for today i want to bring our special news for Crypto Family Group !
🔥 🔥🔥 LET'S DRUMMM ON 🔥🔥🔥
🎃 In this 31st October We will launch our first NFTs collection - Bony Bastards on Halloween.
🎃 Be a part of the Bony Bastard, you can have many benefits:
- Get early access to 3 upcoming projects IDO in November on our platform
- Bonus %APR when staking $ILA token on Infinite Launch
- Holders of Bony will get free tokens & merchandise airdrop from our partners and our treasury funds.
I really hope this collection can bring you a chance to get more profit and join our three upcoming IDO in this month, so don't miss it and join our telegram for more information.
CF: Much appreciate your insightful answer
3. And last but not least, could you please update to the community some latest news or big events of Infinite Launch?
Ms. Mylo: As Khanh said above, Infinite Launch will always have a lot of exciting news & surprises for our community, but our focus right now is:
- We will launch our first NFTs collection - Bony Bastard in this Halloween, 31st October
- Then in this November, we will Launch 3 big gamefi projects listed on Infinite Launch, which are Farmers World, Wasted Land, and Champ Force. We'll give a brief introduction of these projects.
+ Farmers World (https://farmersworld.io/) is the first farming game to function on the NFTs platform.The game has had an amazing growth as user wallets increased by more than 86,000%, surpassing 150.000 players. Make it the fastest growing game on Wax Blockchain, and also in top 10 gamefi project CMC has recommended so far: https://coinmarketcap.com/alexandria/article/top-play2earn-crypto-games-for-android-and-ios
+Wasted Lands (https://thewastedlands.io/) is A true Puzzle-RPG-Strategy game where players immerse themselves in a world of adventure across the post apocalyptic world and have the most extraordinary gaming experiences. Players can create their unique Warriors NFT and enjoy the completed metaverse world with many excited functions
+ Champ Force (https://www.champforce.io/) is a game built on blockchain with digital collectibles. Immerse yourself in the NFT world of top champions, through which players can play and earn, fight boss & collect many valuable items
And we also have some big partnership will be reveal later soon! Just Remember to follow us!
CF: I believe all the members here would love to hear more about the project, and they have many questions submitted on Twitter today. Now let's move to Part 2 with some good questions from Twitter that I have chosen carefully for you.
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
Q1. From @Andreas04567388 - I found very little information regarding Infinite Launch, but what I do know is that Infinite Launch is about to dive into the NFT world. Will Infinite Launch also create an NFT marketplace on its platform? Can users create NFTs & sell them on your platform later?
Mr. Khanh: Definitely yes. Infinite Launch has its own NFT marketplace.NFT holder gets many benefits:
- Priority to participate in IDO of potential projects on Infinite Launch
- Own NFTs of potential artists
- NFT/artwork airdrop
- Exclusive tokens airdrop
- Bonus % Staking APR
Users can create their proposal about their NFTs project, mint & sell them on our platform later as long as they get more than 50% agreement votes from members of our NFT Whale Club.
We also have Henry Van in our team, he has a lot experiences in Celebrity and influencers, he worked in Warner Music group and has good connection with many big famous artist all over the world like Charlie Puth, Justin Beiber, Dua Lipa, and in Vietnam we have Binz, Suboi, ....and many more, so that our team believe that we will soon onboard many big artists to deliver the best NFTs project to community.
🔥 🔥🔥 Today we also have big news about NFTs for you, guyssss 🔥🔥🔥
🎃 In this 31st October We will launch our first NFTs collection - Bony Bastards on Halloween.
🎃 Be a part of the Bony Bastard, you can have many benefits:
- Get early access to 3 upcoming projects IDO in November on our platform
- Bonus %APR when staked $ILA token on Infinite Launch
- Holders of Bony will get free tokens & merchandise airdrop from our partners and our treasury funds
So don't miss it & make sure you follow our community via our website, Twitter, Telegram, Discord and Medium channels
Q2. From @SilakYamon - As a Cross-chain fundraising platform for tokens & NFTs,what are the chains or network that Infinite Launch is being connected to? To compete and to stand out in the market,what are the competitive features and advantages of Infinite Launch as a fundraising platform?
Ms. Mylo: So Infinite Launch is not an original launchpad or NFT marketplace. We have researched to improve the weaknesses of other competitors on the market before launching our platform. There are many competitive features and advantages that we can share:
- Our revenue or the development of our platform doesn't depend only on good projects listed on our platform. As you know, other launchpads will fail if the resource of good projects is limited. Then, we propose another source of growth by launching an NFT marketplace and onboard great artists to make more use case to our token.
- Our platform aims at famous artists who are not familiar with NFT and supports them to list their artworks.
- Owning NFTs on Infinite Launch does not limit holders on selling or buying NFTs on the marketplace only. NFTs holders can have a lucky tickets to buy IDO for upcoming projects listed on our platform.
At this moment, our dev team already finished blockchain integration with Ethereum & Binance Smart chain, and we will have more chain in the near future, we will focus on Solana, Avax and Polkadot in Q4 2021.
Q3. From @MOhameD211a - A big problem for a lot of Defi projects seems to be that when farming starts, the price goes down because people unload to put liquidity into the farm. Will there be an incentive to hold and not just farm and dump?
Mr. Khanh: Yes absolutely, I do aware of that. Hence, we establish different ways to increase $ILA value.
First, $ILA token supply is fixed from the beginning, no more will be mint in the future.
Second, In every transaction, 1% will be burnt and 2% will be added to NFT reward pools, which will be reward back to our NFT holders.
Third, 70% the fund from NFT collection sale will be using to buy back & burn $ILA in the future and we will lock up & vesting 10% - 30% at TGE in seed sale and private sale accordingly to reduce the sell pressure while we are continue to build & enhance our token utilities, to benefits our investors the most in long term.
Also, in long term, when we have more projects, holders must hold more token to join our IDOs, price is likely to go up because our token supply decreases due to token burn, while benefits and value delivered to holders will always increase because we bring more quality projects, better quality NFT collections to users.
CF: That's a very detailed answer. I am sure the community has enjoyed it a lot
Q4. From @MrDung732002 - What are the ways is InfiniteLaunch generating profits/revenue to maintain your project and what is its revenue model ? How can it benefit win-win to both investors and your project ?
Ms. Mylo: I think many people also have the same question. So let me break things down for you guys right now!
The profit of our project comes from:
- Partners fee: Project must be paid $ILA to be listed on Infinite Launch network or using all of our services
- NFT Marketplace transaction fee
- Treasury funds: You know that $ILA is not only a deflationary token with 1% burn per transaction, but also 2% of each transaction will come to treasury funds to rewards back to our community
- We also have many sources of income in the future like Liquidity lock fees, NFT Collection sell funds…
With some key sources of growth above, we will use a large portion of funds to deliver more value to community, buy back and burn to reduce token supply, increase our token utilities, so that we strongly believe Infinite Launch can make benefit win - win to both investors and our projects in the long run.
Q5. From @y1sus_afp - InfiniteLaunch has a lottery-based system for deciding who participates in IDOs. How do you protect users' investments? The program that performs repetitive, predefined and automated tasks does not manipulate information?
Mr. Khanh: At Infinite Launch, alongside with a lottery - based system to join the whitelist, there are many ways to join the whitelist of potential projects such as:
- Hold our token $ILA to get tier benefits to join our IDOs
- Buying unique NFTs drawn by famous artists on Infinite launch at a reasonable price means that you own a priority ticket to participate in the whitelist of projects on Infinite Launch. This event will be announced specifically on telegram. Please join the group for the latest information. https://t.me/InfiniteLaunch
- Regularly participate in group activities to have slots on the whitelist such as Q&As, quizzes, minigames, community management support,.
For protecting users' investments, we have been built many security system internal & audit carefully our smart contract with legit audit partners to make your funds safu, we also KYC users and constantly update our website to deliver the best IDO experience to our users.
CF: That's the end of Part 2, I believe all of the members here have gathered enough useful information, also they have many questions to exchange with you today.
PART III: BEST LIVE QUESTIONS IN CRYPTOFAMILY GROUP
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?
Ms. Mylo: Definitely yes. Every week, Infinite will organize awarding activities such as AMA, QUIZ, MINIGAME and some other activities so that users can update information and Infinite group are always active. Moreover, Infinite has expanded communities in many countries like
🇮🇩 Infinite Launch Indonesia: https://t.me/Infinitelaunch_indonesia
🇹🇷 Infinite Launch Turkey: https://t.me/InfiniteLaunchTR
🇨🇳 Infinite Launch China: https://t.me/InfiniteLaunchChina
2. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Ms. Mylo: Our Tokenomics distribution:
- Total supply: 1B ILA
- Circulating supply when listing: 38,000,000
- Listing price: $0.015
- Initial market cap: $570.000
- Team:6 month full locked, then 10% monthly.
We are negotiating with some investment funds and cooperating with many other projects, we will announce details in the near future more specifically for the community.
3. Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?
Mr Khanh: Yes we are, you can check it out via our website: https://infinitelaunch.io/InfiniteLaunch-Whitepaper.pdf. We will be rolling out private sale on 5th November and public sale between 15th - 20th of November. All the upcoming announcements will be informed via our channels:
Website: https://infinitelaunch.io/
Twitter: https://twitter.com/InfiniteLaunch
Telegram: https://t.me/InfiniteLaunch
Discord: https://discord.com/invite/infinitelaunch
Medium: https://medium.com/@InfiniteLaunch
4. I seen that you have done many AMAs, my question is, what do you expect to get from so many AMAs and what are your goals with the community? Do you consider the community to be a fundamental role in the project?
Ms. Mylo: One of our ultimate goal is to increase our exposure to the Crypto community out there. By hosting so many AMAs up until now, not only we can approach to our future investors, partners, but we see it as the chances to educate everyone about our projects - the story behind it, how legit, transparency we are, how we can bring greater good to the Crypto space. And yeah our community is undeniable pillar to us. Without their support and trust, we would not have gone this far. For that reason, we will definitely keep working hard and harder to serve them well. You can join our community groups to get a closer look of how we're growing day by day!
5. My question is about your long term marketing plans. How, or through which big partnerships do you plan on utilising to pass your product onto the normal - especially non-crypto people?
Mr. Khanh: We are on boarding many communities and influencers to spread the project across different regions, such as Crypto Daku, Crypto Fomo, cryptobanter, prestito, etc . Our VCs are also join hands to amplify via their owned marketing channels to help Infinite Launch reach out to their members. Also, as an NFT marketplace, we aim to attract artists and recruit their own network of followers & art enthusiasts. As traditional artists, their followers are also new to crypto market, and hence we can recruit dozens of new crypto members to become Infinite Launch users or followers right away.
CF: Thank you so much for taking your time to join our AMA today, as well as thanks for hundreds of good questions from our community.
Seems like there are 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://infinitelaunch.io/
Twitter: https://twitter.com/InfiniteLaunch
Telegram: https://t.me/InfiniteLaunch
Discord: https://discord.com/invite/infinitelaunch
Medium: https://medium.com/@InfiniteLaunch
