AMA RECAP WITH BULL CRYPTO TEAM
This Article is a Recap of our AMA with Robert (Creators of Gem Crypto Bull Team) and Wealth Team(CMO of Wealth Locks)
Hope you Enjoy it!
AMA Starts!!
Robert- Can you introduce yourself? Who are you? What is your role in the Wealth Locks project? And what is your background?
Wealth team- I manage the marketing side of the wealth ecosystem. Bjarne Hejl is the lead developer in the Project. He has built smart contracts on Ethereum and BSC blockchain. He have already developed well known projects like $FST and $BASE2. Now, Our team is designing and thoroughly testing smart contracts of wealth ecosystem.
Robert- Wow good. Can you tell us a bit more about the rest of team? How big is the team? Which positions in the company are filled at the moment?
Wealth team- Our team consist of 6 members at the moment. Four of them are java script and solidity experts. Rest of the team works on ideas and marketing. Everyone in our team has almost more than 3–4 years working experience in the tech and blockchain industry.
Robert- Ok so What is Wealth exactly? What does it do?
Wealth team- WLT is the governance token of Wealth platform and will be utilised for all the BSC focused services to be built under Wealth ecosystem. The WLT token has the following functionalities:
* Transfer Fee: There will be a 1% transaction fee for every transaction on $WLT which gets proportionally distributed among holders automatically.
*Wealth Transfer: There will be extra added fee of 1% for sells on PancakeSwap. This added Fee increases by 1% with each sell and goes upto maximum of 5%. After Maximum, it again resets to 1%. This Fee amount gets collected in NextVault until transferred to new upcoming buyer.
*Bonus Event: At regular intervals a bonus event will be initiated by the team. During bonus event, if you buy more than 500 $WLT tokens, you automatically become eligible for claiming extra 100 tokens from BonusVault. Each bonus event will have maximum entrants limit of 5 which is on first buy first serve basis.
Robert- Interesting. Noticed that you have released Wealthlocks. What is it exactly?
Wealth team- Wealthlocks is the first lockup project on BSC. Wealth locks allows Projects built on Binance Smart Chain to lock their team and liquidity tokens in an audited, time-released Smart Contract. Liquidity locking will help build investor confidence in the projects on BSC and also prove project’s credibility and commitment towards investors.
Robert- Are there any eligibilities to lock your tokens with Wealthlocks?
Wealth team- All the projects on BSC can use Wealth locks for locking their team and liquidity tokens.
Robert- As Wealthlocks involve Projects to lock their tokens with you, with such a huge investment.? What will do you do to gain their trust. Is the smart contract audited?
Wealth team- Our smart contract is well audited and tested. It is non- custodial. No one can withdraw funds from lockup till the time is up. After specified time, only the owner can withdraw their funds. I am also sharing the Audit report here.
https://twitter.com/nightwatchaudit/status/1364768798943797250?s=21
Every other audit report will be shared on the website in the coming weeks.
Robert- If I want to lock my tokens in Wealth locks. What is the step by step guide?
Wealth team- Let me share it here
Step by step guide for locking team tokens / LP tokens
1. Visit https://wealthlocks.io/
2. Go to Lockups, click continue and connect your metamask.
3. Enter the token address or LP pair address. Click on search icon and then select your token from the list.
4. Enter the amount of tokens to be locked.
5. Enter the number of days/months for which tokens are to be locked.
6. Click on approve and confirm the transaction from your metamask wallet.
7. Click on lock and confirm the transaction from your metamask wallet.
And, your coins are now safely locked and will be visible in my locks section.
Robert- Do you support only BEP 20 tokens right now?
Wealth team- Right now, our smart contracts just help BEP 20 tokens. But, we are building new smart contracts to deal with more blockchains and we will introduce their deliveries soon.
Robert- How many tokens have locked their liquidity with you?
Wealth team- Till now, almost 12–13 Projects have already their liquidity with us. Almost total of $1 Million is been locked till now in Wealthlocks.
Robert- Can Project just lock liquidity token with you?
Wealth team- No, we’re the only ones on Binance Smart Chain that provide liquidity as well as Team tokens lock with us which is helping new Projects to Collaborate with us.
Robert- What is the fees for locking tokens with Wealthlocks?
Wealth team- There is a minimal fees of .5% to lock your tokens with us. Revenue generated from lock up fee will be used to buy back WLT tokens and will be distributed among holders.
Robert- That’s great. I just saw that You’re coming up with Upcoming Features of Wealthtools. Can you elaborate on it.
Wealth team- Wealthtools will be a Coingecko+ Dextools kind of feature. It will help in listing of new projects as Coingecko is a bit slow and need Volume for new projects which is kinda difficult. It will also have their Official Social Media links and Charting features for new coins.
Also, it will be main Revenue generating tool for Wealth as some space on the Website will be used for Promotion of New project similar to what Dextools do. Revenue of approximately $200–300k can be generated which will be used to buy back Wealth and thus will help in creating huge buy pressure too for Wealth.
Robert- Can you elaborate about your upcoming features which is mentioned in your Roadmap.
Wealth team- Yes Sure. We are coming up with following features after Wealthtools.
WEALTH POOLS- A newer Decentralised Platform where a Defi Project will be able to create different custom pools to Auction their tokens for pre-sale or to raise funds for their Project that to be listed on BSC.
WEALTH LAUNCHPAD- We’ll be introducing Launchpad for Launching Projects on Binance Smart Chain. We will thoroughly investigate all aspects of projects to judge their legitimacy for a token sale on Wealth Launchpad: Team, Technology, Product, Community, and of course business model. Also, the Liquidity will be Locked on Wealthlocks to secure Investors funds.
WEALTH STAKING SERVICES- We are going to launch a unique staking platform where Projects will be able to launch Staking of their tokens in a very Simple, Secured and Transparent way. It will be customized as per project and community demands.
WEALTH DEX- As we all know, the continuous Increase in gas fees of Ethereum network has led to Investors to try different Decentralised Exchanges on other blockchains. But still we’re in a very early stage of DEX development. We have some amazing ideas and will be bringing the most futuristic DEX out there in the near future.
Robert- My questions are over. Thank you for introducing my community to the strong WLT. Thank you
Community Q and A Led by Bjarne Hejl, Wealth team and George.
Q. COVID 19 has slowed many economies around the world but as a crypto business has it affected you negatively or positively? 2nd, are you still on track to achieve your targets as the roadmap says?
Wealth Team- Our team is committed to the vision and working continuously through these tough times. We are moving as per our timeline. Our next feature Wealthtools will be live in 2–3 weeks.
Q. “STAKING” is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION. Does your GREAT PROJECT have plan about Staking?
Bjarne Hejl- we have plans for liquidity farming of Wlt.
Q. Where do I get information about your team?
George- Please check all the given links below.
Website: https://wealthlocks.io/
Twitter: https://twitter.com/Wealthlocks?s=20
Telegram: https://t.me/wealthlocks
Announcement Channel: https://t.me/wealthannouncements
Q. Everyone knows, if you want to go fast, go alone, but if you want to go far, you go with your partners, so with Your Project which partners will promote and help Your Project reach and achieve the project’s goals?
Bjarne Hejl- Yes, we consider all the project listing with us as our partners and we will work on strategic partnerships as well. But the present focus at the moment is development. Wealth network will be the mainstream project in BSC in coming months.
Q. What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?
Wealth Team- There are continuous marketing campaigns going on youtube, telegram and twitter that are creating huge awareness about the project. Our marketing team is onboarding many projects for lockups to push lockups.
Q. Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Bjarne Hejl- If we talk about wealthlocks then killer feature is the team tokens lock with monthly vesting. This is not possible with our competitors like unicrypt.
Q. At this point, do you think you need exchanges as a binance to keep growing? Or is it better to forget those things and focus on other activities?
Wealth Team- First thing in this space is decentralisation that we are committed to fully. We will continuously develop our project as per roadmap. Rest any additional listings on exchanges always help to create awareness
Q. Tell us about your plans for 2021, what are you currently working on, and are you going to expand the list of big exchanges?
George- Our Roadmap:
Wealthtools- It will be a Coingecko+ Dextools kind of feature. It will help in listing of new projects as Coingecko is a bit slow and need Volume for new projects which is kinda difficult. It will also have their Official Social Media links and Charting features for new coins.
Also, it will be main Revenue generating tool for Wealth as some space on the Website will be used for Promotion of New project similar to what Dextools do. Revenue of approximately $200–300k can be generated which will be used to buy back Wealth and thus will help in creating huge buy pressure too for Wealth.
WEALTH POOLS- A newer Decentralised Platform where a Defi Project will be able to create different custom pools to Auction their tokens for pre-sale or to raise funds for their Project that to be listed on BSC.
WEALTH LAUNCHPAD- We’ll be introducing Launchpad for Launching Projects on Binance Smart Chain. We will thoroughly investigate all aspects of projects to judge their legitimacy for a token sale on Wealth Launchpad : Team, Technology, Product, Community, and of course business model. Also, the Liquidity will be Locked on Wealthlocks to secure Investors funds.
WEALTH STAKING SERVICES- We are going to launch a unique staking platform where Projects will be able to launch Staking of their tokens in a very Simple, Secured and Transparent way. It will be customized as per project and community demands.
WEALTH DEX- As we all know, the continuous Increase in gas fees of Ethereum network has led to Investors to try different Decentralised Exchanges on other blockchains. But still we’re in a very early stage of DEX development. We have some amazing ideas and will be bringing the most futuristic DEX out there in the near future.
Q. “Would there be a need for more team members and ambassadors and also what can token holders earn? Are they any provisions for staking?”
Bjarne Hejl- We started with 2 and now at 6. Recently hired 2 developers to push the pace of development. We will grow the team whenever needed. We have good source of fundings backing the development of Wealth. We don’t have to sell marketing tokens for funding development. Investors are safe from this sell pressure as observed in almost every project
Q. 1-Increasing Token price
2- make Token Valuable
3-Building Community Trust
From 3 aspects above,.I want to ask,.Which one the most important for you??
If all above are important for you,. Which one that Will you do first??
Bjarne Hejl- Community trust is growing with time. You will feel that trust from community chat in group. Have a visit.
Also the focus is development and adoption. Price will follow as can be already seen from past price action of Wlt
Q. Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Wealth team- Our team has already developed projects on ethereum blockchain and are committed to communities. We have shown our commitment by locking liquidity, audits and continuous development.
Q. Does the price of the token matter to you from an operational perspective, if the token price is $1 or $100?
Bjarne Hejl- No, won’t have any effect on running costs as we have good funds backing us. However price going up is always welcomed as it gives us more motivation to work harder.
Q. Has your project been completely decentralized, and will there be any risk of centralization in the future?
Bjarne Hejl- Wealthlocks is completely decentralised. we are working towards decentralised version of coingecko. must needed for new projects.
Q. “Would there be a need for more team members and ambassadors and also what can token holders earn? Are they any provisions for staking?”
Wealth team- We will be onboarding new team members as the roadmap progresses. Token holders can earn transaction fee share and also staking will be introduced in the near future.
Q. What are your most important next priorities?
Geroge- Our next priority is Smooth Launch of our next feature in coming 2–3 weeks i.e. Wealthtools which will help in finding new projects that are newly listed on Pancake with their official Social Media links and Charting tools.
Q. What’s unique about Wealthlocks that can’t be found in other projects that have been released so far? And how will your Wealthlocks demand increase in the future? or what steps would you take to increase demand?
Bjarne Hejl- unique feature is team tokens vesting feature.
Q. Could you give me 2 or 3 key points to convince me and other angel investors invest in project for the long-term?
Wealth team- U can check the roadmap to see the exciting features and usecases to be introduced in the near future. Wealthtools is the one we are most excited about in this month.
Q. What do you do outside crypto and how important is Wealthlocks to you?
George- We don’t do anything outside Crypto. CEO of our Project is lead developer and has built smart contract on Ethereum and BSC Blockchain and other 6 team members have almost 3–4 years of experience in tech and blockchain industry.
Q. No Project can ever Guarantee the Safety & security of the Platform, Isn’t it? What is the Your Plan to do that?
Wealth Team- Continuous development and audits from different sources is what we focused on most
Q. Trust and security is very important in any business, what makes investors , customer and users safe secure when working with your project?
George- Our smart contract is well audited and tested. It is non- custodial.
I am also sharing the Audit report here.
https://twitter.com/nightwatchaudit/status/1364768798943797250?s=21
Q. Could you tell me a little bit about Your roadmap going forward, how do you plan onboarding users and gaining more adoption for Your project?
George- Our next feature of Wealthtools will be launched in about 2–3 weeks. Other than that, we’re working fully to achieve all the other features in Roadmap in coming 6–8 months.
Q. Any plan that Wealthlocks will migrate its chain and can be tradable for eg in pancake swap and dexes?
George- Yes. It’s already available on Pancake swap. You can check our Website for more info https://wealthlocks.io/.
If you have any Questions or Doubts, Always feel free to ask us in our Telegram Channel.
Check out our Website and Twitter for more updates. Join our Telegram to discuss Wealth with our Amazing community members.
