CUE Protocol AMA Transcript

BSC.NEWS hosts Cue Protocol--A community driven protocol with deflationary mechanics and burning mechanisms through our dapps. All questions answered by Cue

By
BSCNews
on
April 20, 2021
Category:
AMA

Lola (AMA HOST): How're you doing today? @cuepio

Cue: We are doing fine thanks, been a busy week yet again but we like it like that.

Lola (AMA HOST): Shall we start with the questions we have today?

Cue: Sure


Q1. Can you give us a general introduction of you and Cue Protocol? Could you tell us your role in the project and briefly introduce Cue Protocol?


Cue: My specific role is founder and developer. CUE Protocol is a governance token which can deflate via token burns. 2.5% of each transaction is sent to the governance wallet.

We hold regular votes on our voting dapp where holders vote on 100% of the governance wallet balance usage.

Holders can vote to burn, use the funds for marketing, use the funds for development as well as other options like staking and invest in other cryptocurrencies.

We are also building dapps on CUE Protocol to create an ecosystem of utility, so we are not just a token with a transaction fee, we are building real usage which has been received well.

Lola (AMA HOST): Good to hear that. 👍

Q2. How many team members do you have working with you? And can you also tell us their roles?


Cue: There are 3 founding team members.

Myself, who founded the idea and also one of two developers.

A second developer and another team member who handles the day to day tasks and any administrative duties.

We have also brought in a marketing manager since launch.

Lola (AMA HOST): Great. And are they experienced?

Cue: We have individually been working outside of crypto of the last 16 years developing solutions in other industries. Now was the perfect time for us to start this new venture as crypto is a huge passion for all of us.


Q3. Can you tell us why you chose 2.5% of every transaction to go to the governance wallet?


Cue: The 2.5% transaction fee gives us a great happy medium. 

It's high enough to generate funding and have an impact with burning and we believe it is small enough to not put off investors.

Obviously the outcome of such spending is down to the holders to decide.

It also gives us scope for the future in providing transaction fee rebates as part of out utility. This provides a benefit without huge damage to the governance spending.

Lola (AMA HOST): Great.


Q4. What offer or incentives do you have for the Community?


Cue: Incentives for the community at this early stage are giving them the ability to have a say in the direction of the project via their decisions in voting on the governance wallet usage.

In the near future other incentives will be transaction fee rebates and NFT's as well as access to the CUEDiligence (dapp) platform and our other dapps.

The biggest incentive for any investor is return on investment and we are sure our holders will have excellent results in this department too.

But we are developing incentives for the wider crypto community with useful use cases which will benefit crypto in general.

Lola (AMA HOST): Good you have the community in mind. And I'm sure it aids their interest.


Q5. Can you tell us about Each additional Dapps that will be released?


Cue: Below is an outline of each dapp and also our roadmap which shows release periods.

1) CUEDiligence which is our RUG and due diligence platform to help investors avoid scams and also help crypto projects project themselves in a positive light. This will be a one stop shop for verifying a potential investment.

2) Lottery dapp due this month, this will have fair prizing rather than jackpots and will see a % go to charities using Binance Charities.

3) NFT's, we are currently creating and developing utility for NFTs, these will be ready next month. These will give various benefits to the holder of the NFT. We are also giving loyal holders the chance to earn two NFT's as part of our launch.

4) Later this year we will roll out CUE Safe Haven which is at the concept stage, thats all we can say about this one 😉.


Q6. Do you plan for Partnerships?


Cue: Yes we are working on many right now.

We announced two partnerships today, the first was RD Audits and Quill Audit who are both coming onboard as accredited auditors for our CUEDiligence dapp.

RD audits will also be an accredited KYC provider.

Many more are in the pipeline too so stay tuned 😉


Q7. What Future Development and Plannings do you have?


Cue: We are working on many things and released our roadmap this week as mentioned above.

Current development pipline:

Lottery

NFT's

CUEDiligence

NFT Benefits activation

iOS and Android app for the CUE Hub

CUE Safe Haven

This take us through 2021.

We are also marketing and building awareness of CUE Protocol which has been going very well and we will continue to heavily invest in areas which will benefit us.

We started our monthly leaderboard contest today too, rewarding the best users who spread the word about CUE which can be accessed and signup up to here:

http://giveaway.cuep.io

Lola (AMA HOST): And what are the major challenges of CUE Protocol and how do you intend to solve them?

Cue: The biggest challenge is proving that we are a legit team and gaining the trust of the crypto community as a whole.

To solve this we will continue been transparent and available for any questions no matter how hard they are, but most of all we will keep delivering and building.

In terms of other challenges, at the moment we do not see any. If we work hard and continue working hard we will deliver.


Q8. Your second Dapp is coming soon. What can you say about it to the Community even as we await it? CueDiligence


Cue: So we have released a medium article on this, but this is a more ambitious platform that is already in development.

https://cueprotocol.medium.com/cue-protocol-dapps-fd6ed1c3db43

This platform will be a one stop shop for due diligence on crypto investing, we will allow projects to list and provide all aspects of information in one place such as audits, KYC, team details, social links and other details.

They will be able to link to documents, add team members or declare themselves anonymous and any  information of their token contract will be pulled through too.

They will be to pay for KYC or audits directly from the platform through the partners we are talking to.

We will also show the social sentiment through twitter.

We will be partnering with launchpads and rug investigator groups to log information on the listed projects, so people can see it all in one place, both negative and positive.

The aim of the project is not to catch projects out and then call them out as a rug. The aim is to find those that list and all of their data is excellent, giving investors a great positive snapshot that the project is legit.

Legit projects will want to be included because they have nothing to hide, all scrutiny can be logged and answered in one place. It’s sort of like a company audit, not just a smart contract audit.

We hope the question to projects by investors will be: “Have been you been cued yet?” rather than “Have you been audited yet”


Q9. Your Smart Contract has been Audited which is one of the great steps to build Trust and for Safety. We would like to know why you chose Rd for your auditing?


Cue: We launched on BSC Starter, and RD Auditors came recommended by their lead developer.

Since BSC Starter were the IDO launchpad for our project it made sense.

Since then RD Auditors have become a great partner of ours and we are happy to continue with our relationship.

They also have some big things coming themselves in regards to auditing and KYC.

Lola (AMA HOST): Great. That means you've been in contact with RD before the auditing

Cue: They audited our smart contract before presale and they are coming onboard as an accredited auditor/KYC provider for our CUEDiligence platform.

But yeah before todays announcement we already had a relationship.

Lola | CM | AMA HOST |: All right


Q10. Share with us all the links about Cue Protocol, so that readers can find out more and also follow the development of the project.


Cue: Official group:

✅ https://t.me/cueprotolchat

Official Announcements Channel:

https://t.me/cueprotocol

Website:

https://cuep.io

Twitter:

https://twitter.com/cueprotocol

Medium:

https://cueprotocol.medium.com

Dapp Tokenomics Overview:

https://cueprotocol.medium.com/cue-dapp-tokenomics-c26b648d7597

Dapps Overview and use cases:

https://cueprotocl.medium.com/cue-protocol-dapps-fd6ed1c3db43

CoinGecko

https://www.coingecko.com/en/coins/cue-protocol

Coin Market Cap:

https://coinmarketcap.com/currencies/cue-protocol/


Q11. Lastly our favourite question, do you have any alpha or juicy news for us in BSC News today?


Cue: We can give BSC News an exclusive actually as we have another auditor onboarded for the CUEDiligence dapp.

We are pleased to announce 👇

✅ Certik will be an accredited auditor on the CUEDiligence dapp.

Lola (AMA HOST): Wow! This is Good..

I believe a lot of things at work presently.

Thank you so much @Cue

Twas really a Great AMA.

Cue: Your welcome and thanks for having us 👍


Lola (AMA HOST): It's a Pleasure! 😊


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