
Crypto Shrimp (AMA Host): Lets welcome NFT Alley to BSC News for an exciting round of AMA. We will learn more about the project and what are installed for their development
You must be a busy man to catch as well, thanks for making it on time to attend this 🙂 how are you feeling today?
Abhijith Dattatreya | NFT Alley: Excited to be here! Let's have an amazing AMA 😄
Hahah! Yes, calls all day. Thankful that I made it in time :) All well from my side, super excited to talk about NFT Alley with the bsc news community!
Q1 Let’s kick off with an introduction of you and your team members, what are your roles and past experiences?
Abhijith Dattatreya | NFT Alley: Hahah! Yes, calls all day. Thankful that I made it in time :) All well from my side, super excited to talk about NFT Alley with the bsc news community!
Sure! I'm a Co-Founder at NFT Alley. I handle the product and operations aspects.
A quick intro on my background: I have helped formulate product/business strategies for Fortune 500 companies over the past few years. I have also been an active NFT user/enthusiast since the early crypto kitties days.
You can find the founder's info on the website (nftalley.io). Also, we are a team of 10 people (2 solidity devs, 3 full stack, 1 backend, 1 devops and we have 3 interns for social media marketing).
Crypto Shrimp (AMA Host): crypto kitties! they are really a thing back then, until now i think they stil cost quite a bit
Abhijith Dattatreya | NFT Alley: Yep they do! :) NFTs have come a long way from that point. Quite an exciting journey.
Crypto Shrimp (AMA Host): So what brought you into the crypto world? Is it the kitties?
Abhijith Dattatreya | NFT Alley: I've always been in crypto, started out btc/eth mining.. then NFT games (Kitties and a few others), then I was collecting random stuff on rarible/opensea. I am also an addict for ENS names, have quite a bit of them :D
Crypto Shrimp (AMA Host): we just had an ama with a mining concept too, was telling the audience that's how i entered crypto as well!
Abhijith Dattatreya | NFT Alley: Ah that's nice! We are all on the same boat :)
Crypto Shrimp (AMA Host): you must be quite a collector yourself
Abhijith Dattatreya | NFT Alley: Yep! NFTs right now, it was philately and numismatics previously. Always been a collector 😄
Crypto Shrimp (AMA Host): great stuff!
Q2 Interesting to find out what gave the inspiration to come out with NFT Alley? How did everything come together?
Abhijith Dattatreya | NFT Alley: Like I mentioned previously, I was into NFT games, collecting ens names and random NFT stuff. Was a lot of fun when ETH was trading at 200$ and gas costs were negligible. As we all know, at present it is very difficult to do transactions on ETH due to the insane amount of fees. ( I feel fees.wtf shouldn't exist, gives me blood tears everytime I check the website :D )
A huge number of artists or collectors are staying away due to this reason). NFT Alley aims to help artists/collectors mint/transact an NFT for a fraction of the costs incurred at present on ETH. We will also be the first dedicated marketplace on BSC with custom minting options.
Crypto Shrimp (AMA Host): wow that's great news for the Artists! I myself helped a few artist to mint their arts into NFT and sell them, in turn teach them about defi and show them the ropes as well..
Abhijith Dattatreya | NFT Alley: That's great to hear! Well, you could possibly introduce nft alley to them 😉. We are always looking forward to meeting cool artists to collaborate with.
Crypto Shrimp (AMA Host): This goes without a doubt!
I bet gas fee is also the reason why you chose BSC network as well..
I must say minting NFT is getting expensive in BSC, will NFT Alley solve this problem too?
Abhijith Dattatreya | NFT Alley: Yep, Our fees are actually under 15 dollars all inclusive (Mint and sell).
I'll try to get some stats from testnet on fees over the weekend and update in our weekly development newsletter. :)
Crypto Shrimp (AMA Host): oh wow I am definitely going to let all my artist friends that are struggling in real life about this and most likely help them out with the set up!
Q3 Bring me to the next question, how hard is it to mint and sell on NFT Alley ?
Abhijith Dattatreya | NFT Alley: That would be awesome! We are quite excited to meet them.
It's quite easy actually, you just need to upload an image/gif/.. mention name, description, price and your custom characteristics(if any) and click on mint.
*Minting takes close to 20 seconds.
*We'll also have a small faq section and a video on how this would work as well.
Crypto Shrimp (AMA Host): oh wow that's so easy!!
Q4 so what if its a project comes along and wants an NFT to be minted for like an achievement or milestone, so as to do a giveaway, is it possible to do it with NFT Alley, with multiple mints of the same design?
Abhijith Dattatreya | NFT Alley: Just clarifying, You mean like a collection of the same nfts? Say 100 pieces or something?
Yep that's possible
Crypto Shrimp (AMA Host): yes that's right, can the other projects look for NFT Alley on that?
So do we also do that the same way as the individual NFT but multiple times or we have to approach the team?
Abhijith Dattatreya | NFT Alley: Yep, creating multiple collections is very much possible.
Right now we are enabling only individual artists to create collections, but we are looking to collaborate with projects in the future and bring out a separate section for it.
Crypto Shrimp (AMA Host): great stuff, gonna ask KDOT to mint some for the BSC News team! hahaha
So far what we covered are artist point of view, big project dealings, now let's talk about investors.
Abhijith Dattatreya | NFT Alley: :D Nice! Looking forward to it KDOT!
Crypto Shrimp (AMA Host): I'm so gonna be sacked after this...
Abhijith Dattatreya | NFT Alley: Haha! I'm sure you won't be, you are an amazing host :)
Q5 Realistic price discovery mechanism I believe is for investors ? could you fill us in on how this works?
Abhijith Dattatreya | NFT Alley: We are doing some POCs on this aspect. Right now the concept is, you stake an NFT.. you receive a bep20 representation of it in your wallet. (You'll have flexibility of naming your token).. You can then provide liquidity for it on pancakeswap, set the price and enable trading.
Crypto Shrimp (AMA Host): this will be great for those who are interested in collecting NFTs
you are too kind sir.. thanks for that
Abhijith Dattatreya | NFT Alley: Yep, also for people who like trading :)
Q6 What about cross chains, can the NFT be transferred across the different chains? Will that be possible?
Abhijith Dattatreya | NFT Alley: Cross chain is not possible, NFTs can't be transferred across chains directly. What we are trying out is a multi chain approach, where we will help you lock a NFT on one chain(or burn it) and mint the same on the blockchain of your preference.
Crypto Shrimp (AMA Host): ahh i see so from the public point of view it will look as if it went cross chain! That's one clever way of working the system
Q7 How are the security aspects being taken care of in NFT alley? i'm sure we are concern about our precious collections and not losing them
Abhijith Dattatreya | NFT Alley: Yes, our contracts will be audited by 3rd parties once our internal reviews of testnet is done. Also, in terms of platform, NFT Alley requires additional security as we have a lot of tech/art apart from smart contracts and security has been our prime focus. We also have an in house security researcher who does the role white hacker to make sure our product is completely secure. On the cloud side, where our resources will be deployed we have already received an A+ security rating.
Crypto Shrimp (AMA Host): Awesome stuff, looks like you guys put in a lot of work in terms of security!
Abhijith Dattatreya | NFT Alley: Yep, we are making sure that we cover all aspects.
Q8 one other thing that I saw on NFTalley.io there's an Alley reward, how does this work?
Abhijith Dattatreya | NFT Alley: We'll enable liquidity mining, also we'll have a rewards program to incentivize artists to mint on our platform.
You'll earn $Alley for minting art and transacting it :)
Crypto Shrimp (AMA Host): you guys really take good care of the artists for sure!
Q9 What are the ongoing developments that you guys are working on?
Abhijith Dattatreya | NFT Alley: Our product is live on testnet and the internal reviews are progressing at rapid pace. You can find our development updates on our medium, we try to publish a development article every week https://nftalley.medium.com/nft-alley-weekly-round-up-w10-48bae32e37d8
Q10 Do share with us all the links to NFT Alley, so that our readers can find out more and also follow the development of the project.
Abhijith Dattatreya | NFT Alley:
Website: https://nftalley.io
Telegram: https://t.me/nftalley
Twitter: https://twitter.com/nft_alley
Medium: https://nftalley.medium.com/
Q11 Lastly our famous question, do you have any alpha or juicy news for us in BSC News today ? any news on IDO?
Abhijith Dattatreya | NFT Alley: Our IDO is scheduled to happen in the next two weeks, we are getting the final details ready :) should be out soon. Just stay tuned at https://t.me/nftalley
Crypto Shrimp (AMA Host): thats a great news im sure thats the fav 'when' question in the tg now
Abhijith Dattatreya | NFT Alley: Hahaha yes! We are all excited about it :)
Crypto Shrimp (AMA Host): Thanks for being such an amazing speaker, and we hope you enjoyed the AMA at BSC News, I can’t wait to see the development of NFT Alley! Wishing you and the project all the best in the upcoming development!
Abhijith Dattatreya | NFT Alley: Thanks for the well wishes and being an amazing host! :) Hopefully we'll have some more cool updates to share with the bsc news community soon!
Lola (AMA HOST): Hello!
You're welcome
Blood Tree: Thanks for having us
Lola (AMA HOST): How're you doing today?
Blood Tree: Doing good, I'm excited to be here finally. We've been waiting for this for a few weeks haha
How are you
Lola (AMA HOST): Glad to have you here. 😊
I'm good.
Shall we set the ball rolling?
Blood Tree: Yup, let's get it crackin
Q1. Can you give us a general introduction of you and Tree Defi? Could you tell us your role in the project and briefly introduce Tree Defi?
Blood Tree: Hello, I’m blood tree, one of the founders of TreeDefi, a Yield Farming project that focuses on deflationary tokenomics, real life NFT implementation and planting real trees around the world through deposit fees
My main role in the team is partnership, marketing and community management. I also love doing graphics for the project, writing articles and making youtube videos. It’s still work but I have a lot of fun with it so it almost feels like a hobby
And yeah, we treat every day as a new challenge and we love developing new skills through this opportunity offered to us by Defi
Lola (AMA HOST): Having so many skills. How do you manage them?
Blood Tree: Multitasking and lots of caffeine
Everyone is like this on our team, we're a bunch of sleepless maniacs
Lola (AMA HOST): Good one there!
Q2. How many team members do you have working with you? And can you also tell us their roles?
Blood Tree: We are currently 8 members, without counting the supporters we’ve recruited from our group, which help us with spreading the word about the project, some twitter management, community graphics and user support. It’s amazing to already have members from the community that we can trust when we’re overwhelmed by work
As far the main team goes we’re all coming from the startup world, having worked with countless projects and companies, so everyone is crafty with several skills required for this project, and we push each other to new limits every day
Everyone has an area they specialize in though, some are solidity and react developers, some work on UX/UI frontend changes, some marketing and community management and some research the landscape constantly and try to implement new innovative ideas. And we all try to learn from each other's specialty
Hope that answers it 😄
Lola (AMA HOST): Sure it does!
Q3. What are the major challenges of Tree Defi and how do you intend to solve them.
Blood Tree: The Defi world in general is a challenge in itself haha
It’s very hard to start a project and get it running. Once you get it running it’s hard to stabilize from the unavoidable initial pump and dump, and once you get through that you need a consistent schedule of updates to keep the ball running
The landscape is a non stop 24/7 365 days endeavour. Everything is in constant motion and everything your competitors do affects you too. Those previous points made the past month a bit of a living hell for us, having no free days, no proper sleep and no proper relationships with people in real life. But we’re never gonna stop. Seeing the community excited when we release something is much more rewarding than any vacation we could take
We’ve also overcome some minor hurdles during launch, but our community stood strong with us through it all, never flinching. We're blessed to have such a supportive userbase ❤️
Q4. How does staking works? And what's the reward Percentage? And can you tell us about your Audit?
Blood Tree:
Users have the opportunity to stake their SEED and TREE into our farms and pools, along with other tokens of their choice, including the ones from our partners. Since the project is young the rewards are still quite high, having over 1500% APR in some of our farms. We’ve also included a limited time pool where users can receive TREE as a reward (our capped token, with a supply of 16001 TREE). We’re always improving our farms and tweaking them for our users’ enjoyment and to stabilize tokenomics when needed.
Our audit was done by TechRate, a very respectable firm that has helped other large projects like Swamp in the past. They’ve been very kind to us, well priced and professional. They even went through phone calls with us to look into our contracts in detail and explain everything they do to us. It’s been a great experience and we recommend them.
If you wanna check the audit out it's in our menu on our app at app.treedefi.com
Q5. I learnt you would love to have partnerships with other Defi projects. Can you tell us which you've been looking at And why would you love to partner with them?
Blood Tree: Of course, we’ve already partnered up with Slime Finance and Blueswap. Both have been great experiences, and we’re in touch with Slime everyday, trying to organize new things in the future
Lola (AMA HOST): That's good to hear. How about Blueswap? How has it helped Tree Defi?
Blood Tree: And that’s how partnerships should be in our opinion. In Defi, partnerships generally last one day before they fade away and only consist of a crossed pool or something along those lines. We're trying to do more with them
Blue have been nice to us, they've just sent us a proposal a few days ago where they would like to include us into one of their new features
Lola (AMA HOST): Great
Blood Tree: And I like their graphics in general haha
We've also launched a partnership with Soteria Finance, which now offers insurance cover for our project
Lola (AMA HOST): a Graphic Person. 😅
Blood Tree: Yes, I'm very picky with that stuff haha
Lola (AMA HOST): Good.
Blood Tree: And yeah in general more partnerships are coming. And we're in talks with other players that we think will re-shape Defi along with us in the next year
Q6. Can you tell us Tree Huggers Reward Program?
Blood Tree: Yes, I love the tree huggers program
It’s a program where we reward the most active and helpful members of our community with TREE to put it simply. Each week we will start a poll with the 10 most active members of the week. 3 members will be picked by the community and 2 members will be picked by admins. They will receive 1 TREE each, a Tree Hugger name tag and will be included in our TreeHouse telegram group, where we work with our most helpful members on community management, marketing and development of new features
At the end of the month there will be a huge giveaway for Tree Huggers where 3 random members will receive:
5 TREE + 5 SEED
3 TREE + 3 SEED
2 TREE + 2 SEED
It's a good way to keep our best members close to us
Lola (AMA HOST): Yes you're right.
Q7. What Future Development and Plannings do you have?
Blood Tree: Right now we are working hard on deploying our TreeDefi Games, which will include: Green Wheel, Lottery and King of the Forest. We’re trying really hard to launch them this week but they require a lot of testing to avoid any bugs both in the contract and frontend
We’re also working on our new version of the frontend, which will be built fully from scratch and separate from the Pancake interface. And we hope that will make our presentation even cleaner and more appealing to investors. We’re also working on more tree donations, and new NPOs that we could partner with to donate in more creative ways
Lola (AMA HOST): Great. And that takes me to next question
Q8. Can you tell us about the three donations that's going on in Tree Defi?
Blood Tree: Of course, tree donations are our bread and butter. We’ve started the project with the goal of planting as many trees as possible. We thought this would be a good way to give Defi a real world application that is usually missing from these projects.
As of now we’ve planted over $7000 worth of trees during the first month of the project, and we’re gonna keep donating more and more every week moving forward. The way it works is that we currently use ⅓ of deposit fees to plant real trees around the world. In the future we’ll find new ways to improve this system and donate more
We’re thinking of a way of letting users donate individually through us if they wanna represent TreeDefi. We’re also thinking of doing fundraisers for other types of good causes in the future, and different ways to include NPOs into the world of Defi. We think it’s often overlooked and just something that we and the community love to do!
Lola (AMA HOST): I'm liking your done with tree symbol. Haha
Blood Tree: Yes I need to keep my text alignment consistent haha
Lola (AMA HOST): 👍😊
Q9. Can you tell the Community about the Seed in Tree Defi
Blood Tree: Absolutely, SEED is basically the main engine running our Yield Farms
It is a token that is uncapped but deflationary in nature. The starting emission rate is 0.15 SEED per BSC Block, and it deflates by 2% each week. Currently it has already lowered to 0.144
This means that eventually our token output will start slowing down and SEED supply will become more and more scarce. And this is without taking into account the burning mechanisms that we will implement shortly through games, and the occasional celebratory manual burn. SEED is used for most of our farms and it is therefore our main reward for users on the platform. TREE on the other hand is our capped token with a supply of only 16001 TREE. So it's the rare token of our platform.
And TREE is also used for Governance
Lola (AMA HOST): Okay.
Why this emoji? 😉
Let's promote Tree Defi 😊
Blood Tree: haha I love that one, it confuses people
Lola (AMA HOST): Haha. Okay. No problem
Q10. Share with us all the links about Tree Defi, so that readers can find out more and also follow the development of the project.
Blood Tree: Here are all of our important links:
If you wanna get in touch with us directly the best way is through Telegram, that's where we're active all day long
Lola (AMA HOST): Noted
Q11. Lastly our favourite question, do you have any alpha or juicy news for us in BSC News today?
Blood Tree: Haha, we don’t like spoiling future updates too much. But we do have our NFT system coming out very soon. We just launched a front end sneak peek today on our platform. Any curious BSC News users can go on app.treedefi.com/nftrees and check it out. The way it works is that our NFTrees are directly connected to real life trees that we planted.
Investors that purchase the NFT will get a lot of statistics about their tree, including: Name & Scientific Name, Date of Birth, Country of Origin, Place of Birth, Longitude and Latitude, Proof of planting and the CO2 removed by their tree. We’re also planning on releasing a map where users can connect with their wallet and see Their trees around the world in a clean interface.
Lola (AMA HOST): Great.
Now we've come to the end of the First round.
It was a really a nice session. Thanks @bloodtree 😊
Blood Tree: Thank you for all of the great questions, they were fun to answer! 😊
Lola (AMA HOST): Welcome Shanron
Hope you're good.
Shanron: yes I am great
Lola (AMA HOST): Good to hear that.
So shall we start?
Shanron: Yes I can't wait and I am sure the community is also ready !!
Lola (AMA HOST): Sure they are. 😊
Q1. Can you give us a general introduction of you and Dragon Ball Finance? Could you tell us your role in the project and briefly introduce Dragon Ball Finance?
Shanron: Yes of course !
Dragonball Is the first All In One DeFi platform with the coolest of all themes.
it is a protocol that allows you to have sustainable gains backed by a constant income that is generated through all DBF products.
I am the CEO and founder of the protocol,
I gather team members and advisors and hire professional coders to develop the smart contracts.
I have been in crypto since 2016, when I was shocked by blockchain technology and witnessed ICO and tokens in general 100x and then lose 99.99% of their value the day after.
I left crypto aside for a couple of years after the bubble, graduated and found a job in finance.. and then Uniswap came out..And history begun..
Lola (AMA HOST): This sounds great.
Q2. How many team members do you have working with you? And can you also tell us their roles?
Shanron: We started small with one developer, one designer and me.
We recently had the chance to hire new team members especially experienced devs that are now focusing maily on the IFO platform and NFT marketplace !
The website as well is being rebranded and redesigned to give it the look it deserves !
Lola (AMA HOST): That's great. And how has been the Journey so far?
Shanron: it has been great I gotta say
the community has backed us and we are growing daily, we also made so many progress on the development side, and once all use case will be applied I can really see this Dapp competing with top bsc projects !!
Q3. Can you tell us how Farming and staking works in Dragon Ball Finance? What's the reward Percentage?
Shanron: Farming and staking is very similar to pancake and similar platform we have created a full path tutorial to guide investors in the process, feel free to check it out here
the reward percentage is based on current price liquidity in the pool, token emission, pool multiplier and is a variable not a constant. Everyone can check it live on the top right of each farm at https://dragonballfinance.org/farms
Q4. Has your Smart Contract been audited? If he's, who audited it? And can you show us the report? As the security of the Community matters.
Shanron: Yes, we believe investors security and safety is the highest priority, that's why we audited our contracts as soon as they were out and we will keep auditing with other reputable companies as we organically grow.
here's the link:
Q5. How many Partners do you have? And what do you expect from them?
Shanron: We have several partner and advisors and are in talks with many potential future partners, but we believe that NFT marketplace and IFO launchpad have the priority as they are one of the most important products needed in the space !
Lola (AMA HOST):
That's good. And what stage do you plan to make that happen?
Shanron: IFO platform is being worked on and should be ready by next week !!
NFT marketplace is much more complicated and it will take around a month
we have another dev working on the first DBF casino game, and should be up at the beginning of te month!
that will really boost DBALL use case and price in my opinion
Q6. Can investors get in now? Or it's late to buy cheap and Hold to get rewards? And can you give out steps and details to do that?
Shanron: Yes you can buy DBALL now and stake it on the staking pool or provide liquidity for it and stake it the website to earn constant reward !!
follow the steps outlined in the tutorial for getting in early and not missing the dragonballfinance train !!
Q7. Can you share with our community the plans you and your project have for this year and the coming years?
Shanron: Dragonballfinance is here to stay,
We have built a roadmap that allow the project to create an ecosystem where the native token as multiple use cases in the protocol generating demand and scarcity for the token.
here is a list of the products we plan to implement that will directly or indireclty benefit DBALL and its holders:
Launchapad IFO (half of raised funds is used to burn DBALL)
NFT marketplace (anyone can list their NFT and anyone can buy them only with DBALL)
Super Saiyan pools (DBALL holders will be able to stake DBALL and earn BNB)
Casino platform (users can only play with DBALL, lost DBALL is burned)
Charting tool ( a tool similar to chartex or dextools where anyone can track any token and if you hold a certain amount of DBALL you unlock pro features)
Farming As A Service platform (host other protocol farms and use a % of LP deposit fee to buy back DBALL and burn it)
stable coins
vaults
lending and borrowing
expansion to other chains
much much more !!
Lola (AMA HOST): Great👍
Q8. What are the major challenges of Dragon Ball Finance and how do you intend to solve them?
Shanron: Major challenge right now is fighting inflation, we used to have too many non native farms and pools that allowed non native farmers to sell too many DBALL, so we removed most of them and added new native farms, also we plan to improve DBALL price and liquidity through layer farming , a perpetual way of high risk high reward gains that will happen weekly and will boost DBALL price and liquidity !!
Lola (AMA HOST): That's a great move.
Q9. Share with us all the links about DballFinance, so that readers can find out more and also follow the development of the project.
Shanron: 🐉Welcome to DragonBall Finance!🐉
🔮What is DragonBallFinance?
DragonBallFinance is the first fully decentralized self sustaining all in one defi platform on the Binance Smart Chain network that brings the dragonball theme in the current boring foody name defi world.
DragonBallFinance will implement several products and mechanics that ensure the sustainability of the project even in the long term perspective.
🈚️Tokenomics
🐉DragonBall Token($DBALL)
👨🍳Masterchef:
✅Initial Supply: 410,000 $DBALL
✅Liquidity raised with SaltSwap Launchpad
✅IDO price 1 BNB = 500 $DBALL
✅IDO allocation 25,000/250,000 $DBALL
✅soft cap/hard cap 50/500 BNB
✅Listing price 1 BNB = 400 $DBALL
✅partnerships, marketing and contests funds 15,200 $DBALL (all locked for the first 2 weeks, community will decide how to use them)
(All unsold tokens will be burned)
‼️DBALL IDO will be on Monday the 5th and it will be hosted by SaltSwap IDO Launchpad‼️
Senzu Token ($SENZU)
Senzu token will be the token used to reward layered farming investors.
❗️7% stacking fee will be applied and used for:
✳️40 % to buy back DBALL and burn it
✳️40% buy back SENZU and burn it
✳️20% allocated to further platform developments
💸 Liquidity Locked Forever
💸 LP Tokens Burnt
🔮 Future Goals:
🕔 NFTs and marketplace
🕔 Lotteries
🕔 Games
🕔 IDO platform
🕔Charting tool
🕔Lots more !!
🔮 Key Information:
🐲DragonBallFinance buy back an burning features: 🐲
✳️3% deposit fee will be charged at staking.
✳️2% withdrawal fee will be charged when unstaking.
Fees breakdown
✳️50% will be used for weekly burns
✳️50% for the project's products funds.
✳️5% of minted tokens for emergency and development funds
🌐 Website - https://www.dragonballfinance.org/
🐉 Official Telegram Channel - https://t.me/dragonballfinance_org
🔥 Announcements - https://t.me/dragonballnews_org
💰 Price chat - TBA
⌨️ Discord - TBA
📶 Medium
💻 Github
🕵️ Audit
Q10. Lastly our favourite question, do you have any alpha or juicy news for us in BSC News today?
Shanron: Yes as I previously mentioned we have three major news this week !!
1) we will be launching layer2 with SENZU2 and renewed mechanics allowing this layer to be more stable and providig higher liquidity to native pairs !
2) Super Saiyan pools a pool where DBALL holders can stake their DBALL and receive BNB in exchange !!
3) IFO platform will be ready by next week and we will launch the first DBF Initial Farming Offering !!
Lola (AMA HOST):
We look forward to the three Great News.
Now we are done with the First session.
Thanks for your time. Twas a really a nice time with you Shanron
BSC.NEWS Hosts, Multi-Chain NFT, a platform where trades are made simple through intuitive marketplace All questions answered by Abhijith Dattatreya | NFT Alley (@AbhijithDattatreya)
Crypto Shrimp (AMA Host): Lets welcome NFT Alley to BSC News for an exciting round of AMA. We will learn more about the project and what are installed for their development
You must be a busy man to catch as well, thanks for making it on time to attend this 🙂 how are you feeling today?
Abhijith Dattatreya | NFT Alley: Excited to be here! Let's have an amazing AMA 😄
Hahah! Yes, calls all day. Thankful that I made it in time :) All well from my side, super excited to talk about NFT Alley with the bsc news community!
Q1 Let’s kick off with an introduction of you and your team members, what are your roles and past experiences?
Abhijith Dattatreya | NFT Alley: Hahah! Yes, calls all day. Thankful that I made it in time :) All well from my side, super excited to talk about NFT Alley with the bsc news community!
Sure! I'm a Co-Founder at NFT Alley. I handle the product and operations aspects.
A quick intro on my background: I have helped formulate product/business strategies for Fortune 500 companies over the past few years. I have also been an active NFT user/enthusiast since the early crypto kitties days.
You can find the founder's info on the website (nftalley.io). Also, we are a team of 10 people (2 solidity devs, 3 full stack, 1 backend, 1 devops and we have 3 interns for social media marketing).
Crypto Shrimp (AMA Host): crypto kitties! they are really a thing back then, until now i think they stil cost quite a bit
Abhijith Dattatreya | NFT Alley: Yep they do! :) NFTs have come a long way from that point. Quite an exciting journey.
Crypto Shrimp (AMA Host): So what brought you into the crypto world? Is it the kitties?
Abhijith Dattatreya | NFT Alley: I've always been in crypto, started out btc/eth mining.. then NFT games (Kitties and a few others), then I was collecting random stuff on rarible/opensea. I am also an addict for ENS names, have quite a bit of them :D
Crypto Shrimp (AMA Host): we just had an ama with a mining concept too, was telling the audience that's how i entered crypto as well!
Abhijith Dattatreya | NFT Alley: Ah that's nice! We are all on the same boat :)
Crypto Shrimp (AMA Host): you must be quite a collector yourself
Abhijith Dattatreya | NFT Alley: Yep! NFTs right now, it was philately and numismatics previously. Always been a collector 😄
Crypto Shrimp (AMA Host): great stuff!
Q2 Interesting to find out what gave the inspiration to come out with NFT Alley? How did everything come together?
Abhijith Dattatreya | NFT Alley: Like I mentioned previously, I was into NFT games, collecting ens names and random NFT stuff. Was a lot of fun when ETH was trading at 200$ and gas costs were negligible. As we all know, at present it is very difficult to do transactions on ETH due to the insane amount of fees. ( I feel fees.wtf shouldn't exist, gives me blood tears everytime I check the website :D )
A huge number of artists or collectors are staying away due to this reason). NFT Alley aims to help artists/collectors mint/transact an NFT for a fraction of the costs incurred at present on ETH. We will also be the first dedicated marketplace on BSC with custom minting options.
Crypto Shrimp (AMA Host): wow that's great news for the Artists! I myself helped a few artist to mint their arts into NFT and sell them, in turn teach them about defi and show them the ropes as well..
Abhijith Dattatreya | NFT Alley: That's great to hear! Well, you could possibly introduce nft alley to them 😉. We are always looking forward to meeting cool artists to collaborate with.
Crypto Shrimp (AMA Host): This goes without a doubt!
I bet gas fee is also the reason why you chose BSC network as well..
I must say minting NFT is getting expensive in BSC, will NFT Alley solve this problem too?
Abhijith Dattatreya | NFT Alley: Yep, Our fees are actually under 15 dollars all inclusive (Mint and sell).
I'll try to get some stats from testnet on fees over the weekend and update in our weekly development newsletter. :)
Crypto Shrimp (AMA Host): oh wow I am definitely going to let all my artist friends that are struggling in real life about this and most likely help them out with the set up!
Q3 Bring me to the next question, how hard is it to mint and sell on NFT Alley ?
Abhijith Dattatreya | NFT Alley: That would be awesome! We are quite excited to meet them.
It's quite easy actually, you just need to upload an image/gif/.. mention name, description, price and your custom characteristics(if any) and click on mint.
*Minting takes close to 20 seconds.
*We'll also have a small faq section and a video on how this would work as well.
Crypto Shrimp (AMA Host): oh wow that's so easy!!
Q4 so what if its a project comes along and wants an NFT to be minted for like an achievement or milestone, so as to do a giveaway, is it possible to do it with NFT Alley, with multiple mints of the same design?
Abhijith Dattatreya | NFT Alley: Just clarifying, You mean like a collection of the same nfts? Say 100 pieces or something?
Yep that's possible
Crypto Shrimp (AMA Host): yes that's right, can the other projects look for NFT Alley on that?
So do we also do that the same way as the individual NFT but multiple times or we have to approach the team?
Abhijith Dattatreya | NFT Alley: Yep, creating multiple collections is very much possible.
Right now we are enabling only individual artists to create collections, but we are looking to collaborate with projects in the future and bring out a separate section for it.
Crypto Shrimp (AMA Host): great stuff, gonna ask KDOT to mint some for the BSC News team! hahaha
So far what we covered are artist point of view, big project dealings, now let's talk about investors.
Abhijith Dattatreya | NFT Alley: :D Nice! Looking forward to it KDOT!
Crypto Shrimp (AMA Host): I'm so gonna be sacked after this...
Abhijith Dattatreya | NFT Alley: Haha! I'm sure you won't be, you are an amazing host :)
Q5 Realistic price discovery mechanism I believe is for investors ? could you fill us in on how this works?
Abhijith Dattatreya | NFT Alley: We are doing some POCs on this aspect. Right now the concept is, you stake an NFT.. you receive a bep20 representation of it in your wallet. (You'll have flexibility of naming your token).. You can then provide liquidity for it on pancakeswap, set the price and enable trading.
Crypto Shrimp (AMA Host): this will be great for those who are interested in collecting NFTs
you are too kind sir.. thanks for that
Abhijith Dattatreya | NFT Alley: Yep, also for people who like trading :)
Q6 What about cross chains, can the NFT be transferred across the different chains? Will that be possible?
Abhijith Dattatreya | NFT Alley: Cross chain is not possible, NFTs can't be transferred across chains directly. What we are trying out is a multi chain approach, where we will help you lock a NFT on one chain(or burn it) and mint the same on the blockchain of your preference.
Crypto Shrimp (AMA Host): ahh i see so from the public point of view it will look as if it went cross chain! That's one clever way of working the system
Q7 How are the security aspects being taken care of in NFT alley? i'm sure we are concern about our precious collections and not losing them
Abhijith Dattatreya | NFT Alley: Yes, our contracts will be audited by 3rd parties once our internal reviews of testnet is done. Also, in terms of platform, NFT Alley requires additional security as we have a lot of tech/art apart from smart contracts and security has been our prime focus. We also have an in house security researcher who does the role white hacker to make sure our product is completely secure. On the cloud side, where our resources will be deployed we have already received an A+ security rating.
Crypto Shrimp (AMA Host): Awesome stuff, looks like you guys put in a lot of work in terms of security!
Abhijith Dattatreya | NFT Alley: Yep, we are making sure that we cover all aspects.
Q8 one other thing that I saw on NFTalley.io there's an Alley reward, how does this work?
Abhijith Dattatreya | NFT Alley: We'll enable liquidity mining, also we'll have a rewards program to incentivize artists to mint on our platform.
You'll earn $Alley for minting art and transacting it :)
Crypto Shrimp (AMA Host): you guys really take good care of the artists for sure!
Q9 What are the ongoing developments that you guys are working on?
Abhijith Dattatreya | NFT Alley: Our product is live on testnet and the internal reviews are progressing at rapid pace. You can find our development updates on our medium, we try to publish a development article every week https://nftalley.medium.com/nft-alley-weekly-round-up-w10-48bae32e37d8
Q10 Do share with us all the links to NFT Alley, so that our readers can find out more and also follow the development of the project.
Abhijith Dattatreya | NFT Alley:
Website: https://nftalley.io
Telegram: https://t.me/nftalley
Twitter: https://twitter.com/nft_alley
Medium: https://nftalley.medium.com/
Q11 Lastly our famous question, do you have any alpha or juicy news for us in BSC News today ? any news on IDO?
Abhijith Dattatreya | NFT Alley: Our IDO is scheduled to happen in the next two weeks, we are getting the final details ready :) should be out soon. Just stay tuned at https://t.me/nftalley
Crypto Shrimp (AMA Host): thats a great news im sure thats the fav 'when' question in the tg now
Abhijith Dattatreya | NFT Alley: Hahaha yes! We are all excited about it :)
Crypto Shrimp (AMA Host): Thanks for being such an amazing speaker, and we hope you enjoyed the AMA at BSC News, I can’t wait to see the development of NFT Alley! Wishing you and the project all the best in the upcoming development!
Abhijith Dattatreya | NFT Alley: Thanks for the well wishes and being an amazing host! :) Hopefully we'll have some more cool updates to share with the bsc news community soon!