On May 27th 2021, our community had a chance to welcome Mr.Raymond Sze, Mr.Chris Cleverly as well as Mr.Dov Macus – Executive Board members of Kamari to join in an AMA to give fruitful information about the key features and roadmap of Kamari which is a project created with the vision of a world of lotteries and payments united without borders. By integrating existing infrastructure and licensing with one standardized currency, Kamari will instantly offer a better experience to hundreds of millions of people across Africa.
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, both three members directly greeted the community and provided detailed information on Kamari as well as some key products and future plans.
Time: 08:00 PM (UTC + 7) on Thursday, May 27th, 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: Firstly, can you give me brief introdution about your managerment team and Kamari. What are the occasions that lead you to the idea to build this platform?
Mr.Marcus: Hi, my name is Dov Marcus and I am the Coo of Kamari, a little bit about my self, I’ve been in the crypto space since 2012 as a trader and investor, prior to this I’ve managed built and invested in several successful multi million businesses, for me this project is all about making a difference in the world, we have the ability to change lives of millions in Africa, let’s do this together…
Question 2: Secondly, Please tell me what are the core vallues that Kamari aims to bring to the African users as well as the global community?
Mr.Raymond: Kamari started due to pressing issue across border intergration issues in Africa. Through my workings there. we found that the whole continent was only lacking in products and services but also ease of monetary intergration of masses.
We understood that for a project of this magnitude to succeed we needed a mass distribution model. So we needed a product that everyone understands and love. That is the reason for us partnering 7 national lotteries to provide Kamari wallet and encourage adoption in the jurisdictions. As such, we have bought in multiple partners to help grow this ecosystem. We are partnering with Telecommunication companies, DeFI banking solutions and e-commerce amongst many others.
Using Kamari, we are able to stable the fluctuations in exchange rates across different regions and pool together lottery jackpots across Africa. Soon in Cameroon, we will be engaging 14M users within 6 months of launch. Very exciting indeed. Kamari is not at the planning stage. We have everything ready. Our DOK wallet is ready and can be downloaded on Apple App store and Googleplay. Our first lottery will be launched on 1st August 2021. In addition, we have an initiative on trial for 50000 through partnership with African Grain and seed to provide microfinancing to farmers. This project will expand after initial launch next month to over 1 million users in Zimbabwe alone. I hope that explains the reason for Kamari and our vision for the future
Question 3: Could you tell us about the short-term and long-term goals of Kamari in the future?
Mr.Raymond: Kamari is looking forward to creating a large ecosystem where we can empower people to access products and services that would not exists as of yet. Currency flucuations and banking practices have led to poor transparency and holding back the unimaginable potential that Africa has.
Questions for Part 2 – Pre-collected questions from Twitter:
Question 1: Why Kamari – a blockchain startup that focuses on mobile games, lotteries and payments? How can you improve your financial infrastructure and expand access in the future? What marketing strategies will you develop in the future? @ngo_nguyenkhang
Mr.Raymond: The lotteries is to drive mass adoption. Going on, Kamari will have products and services for use every day. The user will not be charged for usuage and revenues will be generating from our commercial partners and other services.
Question 2: You mentioned Africa as a potential market for the Cryptocurrencies world. However, there are a number of countries in the world that do not recognize the legality of digital currencies. What do you think about this issue? Is there a bright future for Cryptocurrencies in your region? @HuynhSterling
Mr.Raymond: Africa has embraced mobile wallets and digital money in a way like no other continent has,
Africa currently has 50% of the world’s mobile money wallets in use today.
They also as a continent have the lowest percentages of banked population which makes it a prime continent to adopt, use and legalize cryptocurrencies.
We are constantly working with different government organizations to work out the best strategy for KAMPAY.
Question 3: Amazing project, huge fan since day 0. I have few questions mainly on the Venture capital fund:
A) Is it really enough 1% of fees?
B) If it won’t be enough are you relying on other sources?
C) How will you be giving the financial resources?
Mr.Raymond: The main revenue drivers for Kamari are from revenue shares of our partners, through a bigger selection of services and products available through our ecosystem, the more Kamari will make in the future. Kamari is a self-sustaining model whilst being a pure utility.
Question 4: You said that the token is a deflationary token, meaning that the supply will be reduced with each transaction that happens. What percentage of the total supply do you plan to burn? And for how long will the burning take place? @Zafiyakhan2
Mr.Raymond: The KAMPAY token is a pure utility token that will increase in value overtime due to adoption. We currently have a roadmap of seven countries that have already signed up with another 21 countries in negotiation currently.
We also have plans and are in talks with numerous Latin-American and Caribbean countries.
By working with established businesses and partners within each of the jurisdictions we will grow KAMPAY into the most worthy adopted wallet solutions globally.
Question 5: Many investors got into the sell and sell session after listing on the first exchange and ran, How did your project prevent early investors from selling their tokens and what benefits would you give them? @TarkYILDIZ4
Mr.Raymond: Great question! Just to ease the investors’ nerves all the team tokens have been locked for a period of 12 months, the private round investors have also a vesting period over 8 months, this will prevent a high number of tokens being in circulation for the first 12 months.
We are also offering some of the most attractive staking options available to the market, to promote liquidity and long term holding of our tokens.
We believe with the constant development and additional partners and services we are bringing into the ecosystem long term holders of KAMPAY will not be disappointed.
PART 3: BEST LIVE QUESTIONS CRYPTOFAMILY GROUP
Question 1: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Mr.Raymond: 1bn tokens in circulation. team tokens are 20% and locked for 12 months. we look to generate value and uplift for our community through choice developments, technologies and partnershps. We would also be one of the most distributed tokens on the market and be far reaching and legally compliant. We look forward to your support
Question 2: Could you please provide some info about your Roadmap and how Market is progressing so far?
Mr.Raymond: We are fully funded for the private round and will now go into our public funding round with our launch on 3rd June. /please join our marketing and marketing channels to stay with the news and find out more. Very exciting times ahaead! We have our wallet and lottery partnerships ready to go with our Cameroon lottery launch with partners this summer. We also have an initiative for 50000 african farmers pilot program which will extend to 1M soon
Question 3: What is the biggest challenge for KAMARI in the future? How team plan to solve that problem?
Mr.Raymond: The biggest challenge will be when the regulatory landscape changes with country to country. We anticipate that every territory will have their own rules and laws surrounding cryptos. We have anticipated this by having a strong team of leaders and advisors along with legal support that will help us be at the forefront of developments. We look to work with the local jursitictions and regulators to deliver the most to the markets
Question 4: What is the strongest advantage that you think will make this team lead the market? in contrast, what weaknesses do you have and how does the team plan to overcome them?
Mr.Raymond: We have a team that is very experienced in Africa and beyond that have real world application and developed businesses throughout. We are not silly as to think we can do everything well so we will bring the best of the best in terms of products and services to partner with us. We hope to encompass all aspects of life into the ecosystem for the betterment of the population that will cover work, rest and play
Question 5: I read in an article of your medium that recently the prince of Buganda joined your team of advisors, besides this recognized figure, is it in your plans to incorporate artists and influencers to your team, to give more recognition and momentum to your project?
Mr.Raymond: Having high profile advisors on the team is always great as they can give us local access and media coverage which helps with the adoption of Kampay. We have a series of advisors/ambassadors and social figures that are being announced on a weekly basis. Some of these will be country specific but rest assured all will bring spotlight onto the project and reflect in the good sentiment of the community
CF: Much appreciation for your insightful answers. I’m sure the community have enjoyed it a lot! Thanks and see you soon! @magnitobit
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: