On December 3th 2021, our community had a chance to welcome Mr. Daniel Pidan - CBO The Parallel 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.
🔎 TheParallel (https://theparallel.io/) is an Infinite Metaverse where players create symbiotic dream worlds
At this AMA, Mr. Daniel Pidan 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: 21:00 (UTC+7) | Friday, 03-12-2021
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 PARALLEL:
Mr. Daniel Pidan: The Parallel is a GameFi project, inspired by Minecraft, Roblox, Sandbox etc. But it is also much much more than that. We are aiming to create the most all-inclusive, comprehensive entertainment and gaming experience the world has seen. We will learn from the mistakes of past games to create a truly unique, evolving experience. Its also the most ambitious project we've seen in GameFi - Our team has over 60 members in Hanoi Vietnam.
2. Please share with us the mission and vision of Parallel in the near future. What is its ultimate goal currently?
Mr. Daniel Pidan: The mission of the Parallel is to create an ecosystem that will evolve into the worlds greatest Gaming Metaverse. A world that is Parallel to - and BETTER than the real world. - We believe that a metaverse is a living thing. No game developer can make a metaverse alone, not a VC, not even mark zuckerberg. In The Parallel, our ecosystem has 9 main groups, Traders, players, farmers, Investers, partners, CREATORS, game developers, entertainment studios and game guilds.
All 9 of our groups are VITAL to the growth of the Parallel and all 9 Groups msut find health, success, happiness, opportunity to earn and COMMUNITY to belong to. This is how a metaverse is built and this is our ultimate goal. Our short term goal is Launch successfully this quarter, establish healthy marketplace growth , launch our foundation creation elements and launch our casual gaming mechanics.
3. Would you mind sharing with us the marketing plan of Parallel to attract more new users?
Mr. Daniel Pidan: The Parallel is going to deploy the most cutting edge marketing techniques available. Before we even had Telegram or a website we already had gameplay videos, promo videos and teasers with full gameplay. We're almost done completing a metaverse virtual reality 15 min video to promote our IDO and we're going to be showcasing our amazing team and development stages. The GameFi community will see how much work, vision and effort is in this project compared to others in the space. Furthermore we're going to be offering a lot of incentives to game guilds to fuel the development of the game and we have an amazing start in the Vietnamese market through our founding team, which is very connected in E-sports and conventional gaming marketing. I think once our marketing campaign is fully unleashed, the GameFi world will see the unbelievable potential of The Parallel.
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
1.From @Samanth8a
From the introduction you gave about The Parallel , it makes me feel like the game is gonna be very difficult to play. Can you tell us the requirements involved to start playing Parallel ? Will there be news to pay or its free?Also, will players have full access and ownership?
Mr. Daniel Pidan: thats a very broad question, ill do my best to answer it. Firstly the parallel is an Evolution Game. IT starts with creation, creation that is easy enough for anyone and dynamic enough for The best designers. After Creation, Casual gaming mechanics will be released where players can experience VERY easy, fun, financially rewarding experiences. This will be welcoming to all and is designed to buildup the community, and ignite the economy. After this Phase 2 begins
Where The parallel will begin its Journey to become the most dynamic & diverse game possible. If you're a dancer you can dance and earn, if you're a socializer you can socialize and earn. if youre a hardcore gamer, you can do that, if youre casual you can do that. We will develop EVERY gaming experience possible in the parallel world on our journey to the mEtaverse. Basic requirements to partake in casual games will be the purchase of TOOLS. Tools required to gather valuable runes. They will be VERY reasonably priced. Players are EMPOWERED in the Parallel. You will have ownership of designs, and creations. You can own Land in Phase 2 . opening huge economic opportunities. Design ownership can lead to cash-flow and royalties.
2. From @phamhoa03936395
Your website said not only Defi and Play-to-earn, The Parallel introduces Creative-to-earn with limitless earning potential. So what do you allow players to create in the game? Can player-created creations be bought or sold? In addition, how do you ensure the copyright of the creator?
Mr. Daniel Pidan: In phase 1, we will release the Foundation game - Which includes 2 prime components. The Craft/Uncraft Function and The Hydra System. Players will be able to Craft anything imaginable using runes which come in different tiers and rarities. The Runes affect the Resulting Paragon (NFT) giving it power and base stats. Meaning that also gives them Value. Players will be able to Craft anything imaginable using runes which come in different tiers and rarities. The Runes affect the Resulting Paragon (NFT) giving it power and base stats. Meaning that also gives them Value. They will belong to the creator. To be sold, or traded or broken back down into runes. But most importantly - The Designing process in the craft feature is UNIQUE and an amazing source of Cash-flow and potential wealth before crafting, players will use our Foundation game to design Para-art. Once they design it, they can submit their Para-art to the HYDRA system to Be copyrighted. The Hydra system is an AI program we specifically designed with advanced scanning and sorting algorithims. It will make sure EVERY Para-art is distinctly unique - Meaning it will be stored in the blockchain and the player can set the price and/or Royalty fee if another player wants to use their design. This will open the door for infinite business and earning opportunities in the Parallel. JUST Like the real world.
3. From @Rockabye1985
The Parallel has 2 token, PRL and PS, so what profits you will offer through both these tokens, if the holders of them, will we have governance rights or possibilities to generate. How will you make sure to make them attractive to investors and profitable over time?
Mr. Daniel Pidan: The PS is our utility token and the PL is our Governance Token. Possessing the PRL will definitely offer some governance power. We will be utilizing a DAO to oversee some aspects of the world to ensure the community can have some control over the balance and fairness of the world. The parallel will offer countless investment opportunities to Investors, partners, gaming guilds etc. As more game developers and entertainment studios join the space, and more land is being sold, there will be many many opportunities to invest in the development of profit-share projects, collaborative business opportunities, marketing opportunities, and entry-fee events. The potential for earning is endless. Remember a true Metaverse is like the real world. It is a better world - More solutions and less problems. oops - for earning, all players/users will have the same earning mechanics you see in all other GameFi platforms + many more layers of complexity and dynamics of 21st century business models. it will evolve.
4. From @Tinng68868535
Partnerships are one of the most critical aspects of any enterprise. Could you name a few of Parallel's collaborators? What are the advantages you gain from them? Is there any possibility of forming a cooperation in the near future?
Mr. Daniel Pidan: we have been absolutely overwhelmed by the amount of Venture capital groups that want to invest in the Parallel. I have spent 2 weeks telling excellent VCs that we can't take their money haha. currently our Private round is finishing - We will be releasing a full list soon. Our most notable strategic partners are Kyber network and Signum Capital - They are co-leading. Louis Nguyen our CEO, our BD departments and our Co-leads have evaluated countless VCs and we are VERY careful in choosing partners.The Parallel is a SUPER long-term project. We decided to give very little allocations, and not take too much money, Money is not a problem for us. - we want to make sure our partners CARE about the project. The Parallel will offer amazing opportunities for everyone who invests in it. We also want to make sure we have balance. investors and partners are important, but so is the community. investors and partners are important, but so is the community. we need the economy and token to be healthy. So we protect it and don't give too much to too many people in the beginning.
5. From @yahhabibii88
If someone is not interested in your game, but he considers The Parallel a potential project, can he buy PRL token as a long term investment? In addition to gaming utilities, are there any passive income opportunities related to the token?
Mr. Daniel Pidan: Yes 1000% absolutely. The Parallel will offer all the common long term investment options - Staking etc. And it will be a VERY strong investment. Louis Nguyen is a finance, Blockchain, Fintech visionary. We will have an extremely complex economy as time passes. The tokens consistent value growth + Entertainment and gaming is our CORE priority. If we can ensure our 9 CORE groups of The Parallel experience healthy opportunities - The PRL Token will grow to HUGE levels of value over time. This is our purpose - Evolution. The Metaverse, COnstant growth, constant new earning pathways, constant new opportunities. The Parallel will be a very smart investment.
CF: Much appreciation to all the insightful answers from our Guest. The community must be really interested in becoming part of TheParallel. Let's continue with the last part of today's AMA: Live questions. In this free-asking part, all members will have 2 minutes to make questions for our Guest today. Feel free to ask and he will explain gradually in his answers.
PART III: BEST LIVE QUESTIONS IN CRYPTO FAMILY GROUP
1.Do you have any plan for community ambassador program to reward more users and create local community channel for those users who weak in English?
Mr. Daniel Pidan: We have significant important advantages and they are based around Economic principles that promote economic development, entrepreneurship and innovation. 1st Hydra System - History has proven that supporting individuals to succeed, have opportunity and ingenuity is the key to HUGE economic growth and technological advancement - This is how America was built.
2nd - Flexibility, support and encourage foreign investment (Game developers and entertainment studios)
We want great ideas in the parallel, we want talented people, We WILL NOT ask game developers or entertainment studios to invest any money. ONLY MAKE the game and experience. and we will support them to bring amazing experiences and earning potential to our communities. There are several more advantages but its too much to type:), we will release those in promotional videos in the near future.
2. Do you have any plan for building Nfts into your eco system because that is the hottest topic on crypto space?
Mr. Daniel Pidan: In The Parallel - NFTS = PAragons, and NFT-blueprints = Para-art. BOTH are extremely valuable. both provide EXCELLENT earning opportunity for individuals AND investors such as game guilds. both provide EXCELLENT earning opportunity for individuals AND investors such as game guilds. IN the beginning, players will be able to stake their paragons and copyright their para-art.
Staking paragons will allow yield, Para-art on the other hand, can be used to create cash-flow by royalty fees when someone else wants to build your design through the Hydra system. Later, when the open world developers, staking NFTs (paragons) will be replaced with profit sharing, and world-building economic opportunities. Your NFTS will build the Metaverse. we can't have them all locked up in the marketplace. they will hold more value in The Parallel world.
3. The Covid-19 pandemic season weakened economies around the world. What did the Defi project do to motivate and educate members of the Defi community to survive in the Defi community??
Mr. Daniel Pidan: Covid-19 is a horrible thing, but it only increased GameFi and the gaming industry greatly. People are exhausted, they want new opportunities, more freedom and flexibility - People are afraid to go back to factory or office jobs because of quarantine risks and losing their jobs again. I think the WORLD is helping us educate about GameFi and DeFi - We are in THE BEST market for GameFi startups. Meta, Microsoft, Elon musk, world governments etc. are all giving Gamefi, crypto and Defi - AMAZING free marketing.
The space is exploding into the mainstream and any projects starting now will be bigger than anything we imagined before. Our job is to continue educating and make sure our new players and new communities have earning potential. STRONG healthy earning potential . CONSISTENTLY as we develop.
4. Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I'd like to know who your ideal consumer is for your product?
Mr. Daniel Pidan: The Parallel is an extremely ambitious project, with a huge vision , Limitless goals, and boundless possibilities. We are motivated, passionate and a large capable team. but we are VERY humble. our communities, advisors and ALL people's opinions and analysis is valuable to us. We spend A LOT of time talking to our advisors and most valued VCs, a lot of time scanning great questions and suggestions from our communities. I have been a gamer for 30 years. 80% of our team are or have been gamers. We ALL know, the best games are those who listen and care about their communities, ALL parts of their communities.
5. Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?
Mr. Daniel Pidan: I have been involved and watched many projects. The Parallel's progress, growth and commitment is EXTREMELY impressive to me. The leadership is very careful, well planned and responsible - We have over 60 people in Hanoi Vietnam in our office and many more working remote. EVERYone is tired AND HAPPY. because we love this project, We are not like other projects. First we produced a beautiful team, a beautiful game and then we took some money - ENOUGH to build our vision. Most projects start opposite. So yes, I think we are very proud of our project
CF: Thank you so much for taking your time to join our AMA today, as well as thanks our members for rasing hundreds of good questions for the project. Seems like there're many things to learn more, 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://theparallel.io/
➡️ Telegram: https://t.me/theparallelcommunity
➡️ Twitter: https://twitter.com/theparallel_io
