On November 11th 2021, our community had a chance to welcome Mr. Ihor Savchuk - CEO and Mr. Sergio Karavanets - CMO of MilestoneBased 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.
milestoneBased (https://milestonebased.com/) Revolutionizing post-funding management and capital efficiency for crypto investors and startups, using the power of a blockchain DOA and smart contracts.
At this AMA, MilestoneBased 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: 19:30 PM (UTC+7) | Thursday, November 11th, 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 MILESTONEBASED:
1.First, please briefly introduce your team and some main features of milestoneBased.
MILESTONEBASED: The team of milestoneBased is a strength of the project. milestoneBased is incubated by renowned blockchain development agency and incubator Applicature. Let’s start with our co-founder Andrew Zubko. He is CTO of Applicature and milestoneBased, the main person responsible for the development of our technology. He is a crypto industry pioneer with significant achievements in the field of smart contracts development, designing architecture of scalable applications, and implementing them in life.
Ihor Savchuk, a business development professional, is CEO. During the last 4 years he has been incubating, providing advisory help, and creating strategies for crypto startups. He is also the current CTO of GameStation. The position of CPO (product) belongs to Viktoria Boychuk, an expert in the product and smart contracts development field. Our Marketing side is covered by Linda Montgomery, CCO (communications) ,who has an extensive expertise building marketing and growth strategy, communications strategy and digital program for the launch of successful FinTech and blockchain companies.
Our CMO, Sergio Karavates is an experienced advertising and marketing executive who has previously led the growth of startup companies and the launch of tokens and IDOs.
Ian Arden, co-founder at milestoneBased and CEO at Applicature. He’s a passionate technologist and engineer, a visionary that has contributed to hundreds of blockchain projects and scaled multiple companies.
2. Could you describe your current development status, market expansion plans and expected applications in the near future?
MILESTONEBASED: Our platform is currently live on milestonebased.com. However, you won't be able to check the blockchain functionality at the moment. Because we are going through internal testing phase at the moment. Once we ensure that the system is safe and sound. And the audit is finished by Zokyo, only then we will allow using it to our early customers. Regarding the future plans, we have a big document, where we plan future features. Among them are integration of the token utility, notifications, going cross chaing, integrations with launchpads and oracles and so on. But this list of features is constantly amended based on the feedback we are getting from the market.
3. And now please share some upcoming events of milestoneBased to attract more users to the ecosystem.
MILESTONEBASED: Thank you for the question!
- So at the moment we are finishing the testing/DEMO stage of the platform. It's been in development since 2018 and we are making sure it's all properly tested before the next phase.
- Then we do closed (invites only) Beta launch of the platform to work on product/market fit. Add/ improve functionality if needed.
- In Mid/End of Winter we do token launch, we call it Power Launch ( it's a based the hybrid model with no pre-sale. no private sale. no sell preasure)
Another important stage is partnerships: having vast experience in the blockchain industry and crypto projects we surround ourselves with strong alliance of believers and experts.
To add on top of that, after the launch we are planning an offline/online conference. Join our TG group to follow the news!
CF: That's a very detailed answer. I am sure the community has enjoyed it a lot.
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
1.From @MasanariToyko
By using the power of a blockchain DOA and smart contracts, how do you identify the strengths that milestoneBased has to compete with its existing competitors? And what weaknesses that it has to overcome to aproach a larger number of users in the current time?
MILESTONEBASED: Well, first of all, our uniqueness and advantage is in the fact that a lot of people had thought about this idea. Even Vitalik had a concept of DAICO in 2018. But we are the first to the market to offer such a product.
We have the strong team, experienced partners and advisors and a brilliant project. Our product will thrive both during bull runs and crypto winters. Which is going to drive our token price.
The main challenge is to make this product an industry standard for crypto roadmap management.
2. From @HoseanSejan
Do token holders have right to participate in the governance of the project? On What kind of decisions can they vote on about the project? How do you keep yourself motivated for more developments and non-stop work in this Covid-19 pandemic ?
MILESTONEBASED: Good question! As it was mentioned milestoneBased is a DAO centric platform. Meaning that both token and governance are run by the community of investors! For example: if a startup founder would like to make change in the roadmap or certain milestone (like launch of the new feature) the community would discuss this option on the platform and vote for it given to the milestoneBased community tokens amount they possess. As of second part of the question: we've been working on this project since 2018 because we believe in the vision of creating a world where decentralized networks fuel the next generation of startup growth, making business and society better. 🛡
3. From @Sabbirsr15
Prediction market is a prediction platform on milestoneBased project. But can you tell us how to participate in milestoneBased prediction feature? Are there any requirements? Is there any currently running prediction event? Can you tell us the all ways to earn rewards?
MILESTONEBASED: The future of the platform is AI driven. Given to the amount of data we will collect from the projects roadmaps and VCs portfolios we can train our machine learning algorithm to work with recommendations. Along with this projects in the future should never experience need and spend time on fundraising as milestoneBased will offer many AI based collaborative options for VCs and startups.
4. From @nguyennguyen596
What role does the community play in the milestoneBased ecosystem? Have you established any partnership to increase your reputation and attract more users to build a thriving community? Is there a plan to recruit people with expertise in blockchain to the milestoneBased team?
MILESTONEBASED: In regards to the partnerships you can check our press-release with the set of our strategic partners. Amongst are: Applicature.com, Mempool.ventures, Ferrum Network, Zokyo, SuperColony etc. And our pool is getting bigger! you can check our press-release on the channel: https://t.me/milestoneofficial
- community is the essential part of the project. We designed this product for the community and investors to have clarity on which milestones the project hits and have influence on them!
5. From @MrDung732002
At the moment, all tokens go down in price even with great partnerships, hype, marketing, and working products, etc. So, what the challenges do you have and the plan to make your project strong popular? Are you see it as an opportunity while the current market decline?
MILESTONEBASED: Good question. Yeah, most of the tokens go down. The main reason for that is the sell pressure these projects have from the private investors which are buying the token at the lowest price and then liquidating their positions. We have come up with the concept of Power launch, which is how we are going to launch our token. It won't have any presale whatsoever, so we won't have the sell pressure. Combined with the high demand on the product it will drive the sustainable token price growth.
The future is decentralized. Meaning that communities will take a lead in governing the projects. So DAO component of milestoneBased is a key solution to help to build the bridge between projects and community of investors.
All crypto market is still the early stage. Financial relations between VCs and startups still need to be established and regulated. So milestoneBased will play the role of mediator here with the finest tech solution. I mean that demand for the product will be increasing as the market gets more mature.
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.
In this free-asking part, all members will have 2 minutes to make questions for our Guests today. Feel free to ask and he will explain gradually in his answers.
PART III: BEST LIVE QUESTIONS IN CRYPTOFAMILY GROUP:
1.MilestoneBased has an Intelligent Networking in which we can connect VCs in your industry, share our data and build relationships based on alignment. So as we share our data how secure and safety our data while connecting in your network?With this service,how much we pay for it?
MILESTONEBASED: Thanks! So milestoneBased is incubated by Applicauture.com. The blockchain dev agency. Meaning that technology is taken very very seriously. More over our strategic partner Zokyo is one of the leading smart contract audit firm in the space. The business model is being finalized as we speak, however the system will be charing fees for money writhdrawals, funding roadmaps.
2. You are fundraising for help startups. Where do you keep the money you are getting from the investors? Are you converting or keeping them with your token? And what happens to investor’s money, if a project fails to fill the required investments?
MILESTONEBASED: Yes. Important to understand that projects are not raising through our platform. We will have partnership with launchpads that will allow us to automatically deploy the project's roadmap on blockchain and their funding on our escrow smart contracts. This is where the funds are stored. No one has access to it. Funds are withdrawn upon successful execution of a milestone of upon community vote. We will convert part of the funding into our token, but it will not be taken away from the team. It will sit on the escrow smart contract and help drive the token price. If project fails to execute its roadmap, unused funds will be returned to investors. This is the idea of the platform.
3. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?
MILESTONEBASED: Join our TG group and announcement channel. We will post the info about the token metrics soon. It's being finalized by our partner - Ferrum network.
4. Trust is very important in business, what makes investors, customers and users feel safe when working with your project ?
MILESTONEBASED: Trust is gained through technology. Investors money are sitting on the escrow smart contracts, which means project's team cannot run away with them. Because investors have this sense of security, they won't want to liquidate their positions. This gives the team peace of mind that their token price will grow. We are revolutionizing the collaboration between investors and the team through establishing TRUST using the escrow smart contract.
5. What is the utility of token ? What are the planning to increase the value of token gradually ? Not by pump and dump ? As I see the roadmap is preety long, waht are the planning of team for token golfers apart from listing to add the value of token?
MILESTONEBASED: Token utility is being finalized as we speak. Stay tuned for this. Long story short: our community token will be used to fund roadmaps/milestones by VCs/investors. To withdraw by startups. To stake. To reward communities for marketing initiatives and tech developments etc.
6. Transparency is the key. Tell us describely about your team members. How many team members do you have and how many developers are working for you?
MILESTONEBASED: I agree. You can find our core team members on sale.milestonebased.com . We all have linkedin accounts with our bio. The links are again on the landing page=) Pls, feel free to check.
On top of that we have fully built development team consisting of around 10 developers. On top of that we are utilizing the resources of the development syndicate applicature.com.
7. 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?
MILESTONEBASED: Our white paper is in development. We will publish it as soon as it's ready. We want it to be perfect.
Regarding the token - you can register your interest at https://sale.milestonebased.com/#form-section That will definitely help you.
CF: I think we have found enough 5 winners in the final part. 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'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:
https://twitter.com/milestonebased
https://t.me/milestoneBased
Thanks again for taking your time to join our AMA today. Goodbye and hope to see you guys soon!
