LBank AMA Recap with EMPIRE
Hello, my name is Dulla I am the Founder and CEO of empire token. Empire token just got listed on your exchange
We aim to build an empire of use cases.Our first use case was our beta NFT marketplace. That is being worked on to include many more features including bridging to Solana and Eth chains. We also have our Dex with our own charts and unique portfolio tracking coming within the first half of November
First five AMA Questions (First Part):
1. Can you point to a feature that you like best on the platform so that it can compete with other competitors? What are you most confident about your background?
we are confident in the user experience we’re bringing, we are working day and night to bring the best user experience to the platform. Slick design along with bridging to different platforms with the launch pad. That will help, you know, NFT projects to launch, as well as allow other projects to use their native tokens to be traded to be used to mint and trade NFTs.
2. How does EMPIRE view the future of NFT games?
Empire believes that NFT games are here to stay. Starting from earn-to-play to scaling up to very big, big games, even the likes of triple AAA games, whereby the power-ups and the characters of the game and what they can do cannot do is NFT based, where to buy this can generate revenue itself. When users decide to trade it, sell it, or buy it.
3. Could you please tell us more about the team’s vision? because many projects have a very good start and then they give up on the project. What is your strategy to increase the traction of your project?
the team vision is to have it bridged on multiple chains, launchpad all of that, and then to integrate with the DEX and then in the near future to start working on the licensing part, which is what we are all about. We’re just getting started and our strategy, our vision is long term and to include many, many more features focusing on the licensing part, which is never been done in this space.
4. Regulation is very important, several projects in many countries were closed due to a lack of necessary licensing. How do you deal with this problem? Are you working on a project that complies with regulations?
look, we are in DeFi. We will stay true to DeFi. We will have to when we, for example, listing on exchanges and whatnot, we have to comply to these the countries that exchange in. But in general, there is no compliance as such. We are and will always continue to be decentralized in this regard. We are not going to be bound too much by regulations as long as we are doing what’s best for our investors.
5. It’s a lot of tokens listed in LBank , why LBank community should notice yours? And why we should buy it or trade with it?
because we’re bringing so many, you know, use cases to the space, we’re working very hard day and night to take this to the new levels as a project. And we’re just getting started. So you’re getting a very good chance to buy at a very cheap rate because you’re too early, basically.
Five Questions with Answers from the Telegram community (Second Part):
While you build your project, do you take into account community feedback and demands? While you build your project, do you take into account community feedback and demands?
Hi. Yes and no. There is a thin line between ownership and allowing everyone’s to interfere. We have a strict policy of no interference from anyone. However, we always listen to our community, and if they ask for anything that makes sense we make it happen. An example they asked us to be on gab last week and they asked me to open a personal Twitter account. We did both because these were good suggestions
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?
We are 6 months old and in 7th now. People doubted us at the start but we have delivered our NFT marketplace we have delivered listing on 4 exchanges already and 2–3 more to come this month. We have shared mock-ups of our Dex as well ;)
STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have a plan for Staking?
We definitely have our Dex coming out soon. It will have farming and staking pools for sure
How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
We have all major social media accounts. We also are on telegram we have a few communities already and adding more as we go
Are you planning to Burn / Buyback Tokens to increase their value and What is your Utility Token in the ecosystem and Where is the token listed on the exchange market for me to buy. Can I give a token smart contract?
Our burn is manual and random. We already burned 14.2% versus the promised 12% in our whitepaper and distribution for tokens. We will definitely burn more as we go when we see fit. Timing is everything
We did two times buybacks from liquidity. We won’t do more of that now but you never know for the future