On 26th January, 2022, in AMA held in Vconomics Telegram community, Vconomics founders has answered questions about PancakeSwap listing date update and Vpool feature launched in January 2022.
Time: 10h00 UTC Wed, 26th Jan. 2022
Format: Live on Telegram
With the participation of:
- Mr. Nguyen The Cuong: Co-Founder & CEO Vconomics
- Mr. Tran Duc Thong: Co-Founder & CTO Vconomics
Host: Why is PancakeSwap listing day postponed?
Co-Founder & CEO: The cryptocurrency market is led by Bitcoin, thus, when Bitcoin market goes down, all other tokens are negatively affected. If BTC is crashed, no token can pump. Listing day update is to ensure benefits for all investors, users and the project. If we insisted on listing as scheduled, MICS value would decrease according to bear market, which is a loss to all parties. (Original answer HERE)
Host: If the bear market continues, is listing day postponed again?
Co-Founder & CEO: Due to past data, the market tends to recover in February or March. If there emerges any good sign of the market, MICS will promptly be listed as all preparation is done. (Original answer HERE)
Host: How are MICS vesting orders handled?
Co-Founder & CTO: According to Vconomics vesting policy, vesting MICS request is allowed only after official listing (February, 2022). Therefore, all MICS vesting orders have already been canceled and refunded efficiently to Vconomics Spot wallet. (Original answer HERE)
Host: How can users, especially Flash Sale investors, trust Vconomics again?
Co-Founder & CEO: Users joining Vconomics ecosystem from the very beginning days can see that we always prioritize features & community development. If we insisted on listing as scheduled regardless of BTC bear market, MICS value would decrease leading to a big loss to all parties. Listing postponement is suggested by VC firms with professional market research team, in which we can trust. (Original answer HERE)
Host: Is Vpool Staking possible before PancakeSwap listing?
Co-Founder & CTO: Absolutely, we have officially launched Vpool today and you all could stake and earn MICS from now on. Vpool is available with:
- Flexible Savings that allows earning MICS with daily interest rate.
- Locked Savings allows users to earn MICS up to 20% interest rate for 12 months and many other savings durations
(Original answer HERE)
Host: Why is my KYC unsuccessful? How long does it take to verify my KYC?
Co-Founder & CTO: First of all, we sincerely apologize for the delay of KYC reviewing process. Currently, we apply AI into automatic eKYC progress, however, it supports Vietnamese passports and ID cards ONLY at the beginning. Therefore, to foreign IDs such as from India, Indonesia, etc.., we have updated new KYC progress with ID for foreigners but still have to review and check manually. That results in reviewing progress lasting longer than expected. To solve this problem, we recommend you all submit eKYC by PASSPORT for faster verification, and don’t forget to check out KYC user guide also. (Original answer HERE)
Host: I cannot claim my daily rewards or 7-dragon ball hunting challenge due to server problem. Can I get them back?
Co-Founder & CEO: If you missed reward from missions due to server problem, please send your request to email [email protected] and provide the following information for best support:
- Your email registered for Vconomics
- Date of registration
- Your device & operating system
- Your country
(Original answer HERE)
Question 1 (from @raleigh_braswell_29): Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Co-Founder & CEO: Vconomics is one of the few projects that link onchain/offchain. You can have personal credit score, join P2P lending market, and Vconomics is linked to traditional financial institutions such as banks. (Original answer HERE)
Question 2 (from @Tamie_willard_1992): Token Burn and BuyBack program play an important role in increasing Token value Do you have a token burn or buyback program plan to attract investors?
Co-Founder & CEO: We are studying token burning mechanism, such as MICS purchasing transaction fee, burning half of the NFTs, etc. (Original answer HERE)
Question 3 (from @Rethabacon34): Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.
Co-Founder & CEO: Half of Vconomics users don’t know about cryptocurrency before joining Vconomics. A mission of Vconomics is to make crypto more popular to daily lives. (Original answer HERE)
Question 4 (from @pinkie_hooker): What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
Co-Founder & CEO: You can stake MICS to earn interest in MICS with high rate, increase your MICS balance before the price goes up. If you have business acument, you can invest & trade NFTs or join P2P lending in Vlending. Vconomics is a fundamental ecosystem with diverse features in which MICS is applied widely. (Original answer HERE)
Question 5 (from @ahmed_cummins_49): It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make your token more valuable and what’s your plan to maintain token price and supply?
Co-Founder & CEO: Demand – Supply is calculated carefully. We founders have used our own resources to build the project before raising funds. Target fund raised is low, which limits the supply from VCs
MICS supplied to the community also depends on community growth rate, which ensures that Demand is greater than Supply. Please check total circulating suppy in “Community” screen on Vconomics app. (Original answer HERE)
Question 6 (from @Willette_kolb_1997): Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?
Question 7 (from @Rethabacon34): Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
Co-Founder & CEO: If you have experienced Vconomics app, you can see that we have launched many features, even more that what are stated in the roadmap. All features have attracted millions of users. In near future we are going to develop partnership with other parties to provide diverse financial products & services to users. (Original answer HERE)
Question 8 (from @Tamie_willard_1992): Can you tell us about your team members? Are they qualified and professional in their fields? What are the recruiting qualifications for team members for your extraordinary project?
Co-Founder & CEO: CEO has more than 15 years of working experience in Banking, Digital Transformation and Finance, more than 5 years in crypto industry. CTO has more than 10 years of working experience in development stock exchange and 5 years in blockchain and crypto exchange development. (Original answer HERE)
Question 9 (from @raleigh_braswell_29): Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?
Co-Founder & CTO: Most of Southeast Asian users don’t know much about credit scoring and have many difficulties in searching and approaching financial banking services. Our target is credit scoring for everyone in Southeast Asia. Creating a platform, where all people can participate to provide financial services for citizens in SA area. (Original answer HERE)
Question 10 (from @StaciaReinhart1994): Currently a lot of people are looking at NFTs, metaverse, and games. Can you tell me what advantages will you have in this field future?
Co-Founder & CTO: NFT is potential and high practical. However, NFT definition is still new and unknown popularly. On Vconomics app, we create a NFT exchange ecosystem where allows users to easily create/mint NFT FREE and exchange, purchase, sell those exclusive NFTs on only one single platform. Additionally, connecting with Vscore to evaluate and upgrade our credit scoring whenever you trade NFT. (Original answer HERE)
Question 11 (from @adahwashington): Smart contracts are susceptible to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you tested it through any of the parties?
Co-Founder & CTO: The most different between Vconomics and other project is that TRANSPARENCY.
We publicize our Smart Contract on our Vconomics App and website for the whole community to monitor anytime since the beginning of launching. We combine good elements of DEX and CEX to create better user experience. All database, implementation structure is monitored by the most experienced in Security and Infrastructure companies. (Original answer HERE)
Question 12 (from @reganshort1994): 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?
Co-Founder & CTO: Such a good question. Vconomics always listen and absorb comments from communities, partners to build and complete products. We improve Vconomics app day after day. Moreover, once a week, we are going to have a new app version to provide new functions regularly. (Original answer HERE)
Question 13 (from @raleigh_braswell_29): Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.
Co-Founder & CTO: Since the beginning of developing Vconomics, Founder team defines community is the key of the project. Good Product Development is a core factor we are aiming to. The product that is popular and easy-to-use with all users and expand MICS tokenomics. (Original answer HERE)
Question 14 (from @leMeek86): Where can I buy your tokens right now what is your current contract and how can I buy them??” Will you have any other DeFi feature like staking, yield farm or NFT in the future?
Co-Founder & CTO: You could purchase MICS when officially listing on PancakeSwap on Feb 2022. Additionally, if you already have an amount of MICS, you can STAKING via Vpool to earn more MICS while waiting for listing. (Original answer HERE)
Question 15 (from @Rethabacon34): What is your top 3 things for priorities in 2022? Could you share some plans for the upcoming year?
Co-Founder & CTO: Continue developing and launching new functions as roadmap. Connecting with banks, financial companies to provide personalized financial products and services, micro insurance. Listing on PancakeSwap and Top 5 CEXs. (Original answer HERE)
Question 16 (from @September_galvan_1990): 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?
Co-Founder & CTO: Thank you for your trust and companion with Vconomics, regarding our roadmap and target, Vconomics cannot stop and satisfied with current achievements. Our vision is becoming the biggest DeFi ecosystem and NFT marketplace in ASIA. (Original answer HERE)
3. To Conclude
Vconomics AMA in which users’ questions are directly answered by founder team has attracted huge interaction from Vconomics community. Hopefully this summary will answer your concerns about Vconomics and PancakeSwap listing. Don’t forget to follow Vconomics communication channels to keep updated with latest news of the project.
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