On July 26th 2021, our community had a chance to welcome David Moss, Founder of StrongBlock to join in an AMA to give fruitful information about the key features and roadmap of StrongBlock - the first, the one, the only Nodes-as-a-Service platform with passive income rewards. Accept no imitations ♾.
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, David Moss, Founder of StrongBlock directly greeted the community and provided detailed information on StrongBlock as well as some key products, new advanced features and exciting events that will be held in the near future.
Time: 21:00 PM (UTC + 7) on Monday, July 26th, 2021
Venue: https://t.me/CryptoFamilyGroup
Airdrop 100 USDT for the best questions in the AMA.
Below are some main points of this AMA session:
PART I: INTRODUCTION OF STRONGBLOCK
1. Please give us a brief overview of your team and the occasion that lead you to the blockchain industry and the StrongBlock project.
David: Happy Monday everyone! I am David Moss, Founder of StrongBlock. I have been working in blockchain full time since 2017. I had been in tech at Oracle Corporation and other companies before that. In 2017, I was asked to become employee #2 at Block.one LLC, building EOSIO (the software behind EOS). I brought in a team that had worked with me before. We built EOSIO, then left in 2018 when it was released, and created StrongBlock to bring Blockchain-as-a-Service and Nodes-as-a-Service to the world.
I had spent many years in tech, and was working on blockchain projects. I had been investing in crypto for years, and had heard about Bitcoin very early as well. As a tech person, I was excited about the potential of blockchain. I had many friends already in the industry.
The StrongBlock project was born because myself and my team saw an unmet need in blockchain: Validators and Block Producers were paid, but nodes - where we get information from for exchanges, listings, and many more - were not paid.
We first built Blockchain-as-a-Service (BaaS) so we could launch blockchains. We soon found that the more important thing was to make it easy for anyone to launch nodes.
2. Next, please share with us some outstanding features of StrongBlock that help users earn passive income rewards.
David: While we were buildiing Nodes-as-a-Service (NaaS), we first started out allowing people to create their own nodes. That went VERY slowly. It’s a lot of work. When Vitalik Buterin created Ethereum, he hoped that everyone would build their own Ethereum node. That didn’t happen because it’s too complicated.
So, our goal was to make it VERY easy to create a node - just a few clicks.
Then we wanted to make sure people would participate. So we provide rewards per block, just as if you were a miner, validator or block producer. That means you can get steady, reliable rewards.
3. Could you tell us about the short-term and long-term goals of StrongBlock in the future?
David: The short-term goal is to add more protocols. We currently have launched over 54,000 Ethereum 1.0 nodes. The next protocol we will launch is Sentinel DVPN - decentralized Virtual Private Network. Then we will keep launching new protocols regularly.
The long term goal is to have the $STRONG army help us move to 1 million nodes on 60+ protocols, to be the premiere node platform in the world. 😎
CF: The information you provided is really fruitful. To continue today's AMA session, please provide more information by responding to some best questions submitted by members on Twitter that I have chosen right in this Group.
PART 2: PRE-COLLECTED QUESTIONS FROM TWITTER
1. Ethereum is renowned for having been dominating the multiple open source chains. The current support infrastructure is lacking and that represents a great challenge for both projects and users. What solutions does StrongBlock bring? What is Strong’s goal to solve this inefficiency? @Lidiamga
David: Ethereum was created before there was heavy use of blockchain. The primary benefit it brings is Smart Contracts. However, it is slow, and there are many centralized nodes and node services providing access to transactions on the Ethereum blockchain. This sometimes means that if services that rely on centralized nodes - like Infura, or even your MetaMask wallet that defaults to Infura as an endpoint - go down, then places like Binance stop getting information for trading, listing, transactions, and other crucial information.
By having access to many more nodes through StrongBlock, we make Ethereum more resilient. More people can get access to the Ethereum mainnet through more endpoints. That makes the network more reliable for every day use.
2. Users only cost for transactions via Etherum, and Strongblock does not charge. Is this one plan to attract Strongblock users? Can you san share a marketing plan to expand the project to the countries where Blockchain is still a strange definition? Because it is a vast market with great potentials to develop. @Wellrickv
David: That’s a great question. We currently do not charge for access to the Ethereum nodes we launch from the platform. We will be doing so in the future. We will also be doing so for access to nodes from other protocols. However, people are very price-sensitive to paying for node access. So we will need to keep access prices low.
The plan is to attract node operators and node users. We started with node operators, so the community could grow. Now that the community is getting bigger, we can move to other blockchains where users regularly pay for services, such as Sentinel.
Each protocol comes with its own community. So we are starting off with an Ethereum community, and will add new communities as we grow. And those individual communities will also be one big STRONG community that can have leverage on protocols to demand better rewards.
We have identified 80+ protocols so far that we believe the STRONG community can provide support to, across the world. That’s the really exciting part: having a global community!
3. As I know, strong backing and partnerships in the crypto market might bring huge benefits to new projects. During this point, can you tell us about the investors and partners of your project ? What benefits to the StrongBlock ecosystem do you expect from them? @HaThu792
David: Two investors - the founders of WAX - and myself were the original investors in StrongBlock. They have been very supportive of our progress, and have been in blockchain even longer than I have!
Two and 1/2 years ago, we added Pangea Blockchain fund and Roger Ver as investors. They have been amazing at introducing us to partners.
One of our big alliances right now is with DaoMaker. They are very supportive of the project, and introduce us to new groups - like this one - and to new protocols.
4. Could you please us the motivation and benefits for traders & investors to hold STRONG token for long-term? Are there any program for users to earn more STRONG as well as other rewards? And please share your plans to help drive the demand and scarcity of token in circulation. @im_nasonn
David: The STRONG governance token started out last August with a supply of 10m. The project did not have adequate liquidity when it launched, and there was too much supply. In November, we burned 94.7% of the supply, leaving just 528k tokens. We also did some small burns after that.
With a very limited supply, there has been much more buying than selling pressure. That will increase over time as rewards become harder to earn.
Right now, the primary way to earn STRONG is through creating nodes. There are also some small liquidity farms.
We will be adding other ways to stake STRONG and earn NFT’s soon. That will also decrease STRONG buy pressure.
We will also have reductions in rewards over time, under certain circumstances, agreed on by the community. That will also make it harder to obtain STRONG - especially through earning NFT’s.
The goal is to move STRONG into its original purpose as a governance token.
5. As a new player in NFT Marketplace industry, what is the compettitive advantages of StrongBlock to maintain a strong community and attract new retail investors ? What are your strengths and weaknesses compared to others NFT Marketplaces like Tresureland, Twinci, Rarible, etc? @MarielleScholf1
David: To be clear, we are not an NFT marketplace.
We currently offer 4 NFT’s either directly through our site https://nfts.strongblock.com/ or traded through OpenSea.
They are beautiful NFT’s, with a purpose. There are a limited number of each Metal NFT. Platinum is sold out on the site.
The NFT’s are used within the StrongBlock platform - primarily through staking - to boost node rewards, gain early access to new protocols, and much more.
Currently, our four NFT’s can only be purchased or swapped. We will be introducing an NFT earning system - as well as new NFT’s - by the end of Q3.
The strength of our NFT’s is that they hold their value - they are sought after as more people join the protocol. There are only 5,189 Metal NFT’s, yet there are over 54,000 nodes. So there is a lot of scarcity.
We think NFT’s integrated into node creation and rewards is going to be huge.
PART 3: FREE-ASKING QUESTIONS
1. When looking at StrongBlock roadmap, lot of great updates are coming in near future, what are the most important upcoming Milestone ? Does Your Project Have a Great team and Financial support to achieve those milestones?
David: Great question! The most important thing StrongBlock can do is expand to many new protocols. We have an amazing, dedicated team that has been with me at Block.one and now at StrongBlock. We have been through a lot together. We have financial support from our original and new investors. And we have ongoing revenue as well.
2. Social capitalism, despite being a great concept, has led to a bad reputation for mismanagement of economic financing. How can StrongBlock make a capitalist difference within the decentralized ecosystem and generate real wealth for its holders?
David: We’re working on the concept of Node Universal Basic Income - NUBI. The idea is to provide access to passive income revenue streams, while making a difference in the blockchain space by opening it up to many more people.
3. Safety and transparency are always the concern of an investor with a recent project. So Could you explain what security measures or AUDITS you have carried out to assure investors that everything is SAFE in STRONGBLOCK? 🛑📛⛔️
David: Hacken conducted audits on all of our smart contracts. Our CTO is also well-known in Security Operations (SecOps) circles. We highly emphasize security of the smart contracts and transactions.
4. I love this project is placing importance on the community aspect. It’s something that I think is lacking in a lot of projects. How can us early investors really help project grow before it launches? From providing liquidity to general participation, what different roles are there when it goes live?
David: Thank you. Spreading the word on the project, and helping to grow the community by bringing others are both important. Participating in discussions about new protocols, rewards, and more is also important. Just being a part of the community is great!
5. What is the difference between StrongBlock projects and projects that are on the market? the potential of the StrongBlock project that the client will receive using your software that other projects do not have !?
David: The primary difference is that StrongBlock provides rewards for nodes, where others do not. That incentive helps grow the community, which in turn creates more rewards for more people. Without those incentives, you’re just creating a node. As I pointed out, Vitalik hoped that everyone would do that for Ethereum. They didn’t, because it was too difficult and provided no rewards. Strongblock changes that for ALL protocols, whether they provide rewards or not.
6. Which one of these aspects is important for you?
1-Increasing Token Price & Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
David: They are all important, and one cannot be easily prioritized over another. First and foremost is always building community trust, as everything else follows from that.
7. Does your project comply with the laws of all the state regulations on which it is being grounded? and does your project have a legal team that handles all legal compliance?
David: We are based in Cayman and BVI, and have legal teams there and in the US to support the project.
8. Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?
David: The primary problem is that nodes are needed but are hard to create; they are not incentivized; people want to participate in blockchain but cannot due to the technical barriers; and people want predictable rewards. We have solved those problems.
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'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:
