LBank AMA Recap with Gorilla Diamond
Intro:
Hi everyone, my name is Mason and I am the CFO of Gorilla Diamond Incorporated. Thank you for having us!
Hello everyone, my name is Ahmad and I am the Founder and CEO of Gorilla Diamond Incorporated. Great to be here.
Gorilla Diamond Token ($GDT) is Gorilla Diamond Inc.’s signature token and will be the foundation of our cohesive, interconnected ecosystem. Our network of platforms will be designed to grow as a company and generate passive income for our holders!
Q1. Now what more could we expect from the LBank X GDT partnership?
Gorilla Diamond Inc. is always looking to grow as a company. We are constantly seeking out ways to advertise our brand and promote what we are trying to create. A good example of this would be the AMA we are doing in this community right now; we highly value being able to talk directly to potential investors like this. It is quite challenging to tell which projects are legitimate and which are not these days but doing AMAs such as these give people the ability to get real insight from project developers. We are so grateful that LBank invited us to participate in this AMA and look forward to future partnerships!
Q2. Community support is one of the biggest aspects of a project’s success. Most projects have programs that interact with their users. Does you have any special plans to attract and expand the community and improve the user experience?
I definitely agree that strong community support is vital to a project’s success. As a reflection of this, the entire team is always chatting with our holders in our Discord and Telegram. Gorilla Diamond has a great group of strong investors backing $GDT, which can be seen in our relatively stable charts. Despite the entire crypto market being somewhat disappointing throughout the past few weeks, $GDT has held quite strong; I think this is a result of having a community that believes in the long-term value of our company and token. Gorilla Diamond Inc. is still a relatively young company, but what we have accomplished thus far is just the beginning of what we are going to achieve. The network of platforms that we are developing will encourage further community growth and give $GDT real, tangible value. We have also been working on a promotional bot for our Discord and Telegram, which will help boost community involvement by rewarding shilling and doing automatic daily giveaways.
Q3. What strategy will you implement to bring non-crypto-natives gamers into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?
That is a great question. We want all kinds of investors holding $GDT, not just crypto enthusiasts! We try and target as many different types of investors as possible, and non-crypto-native gamers are included in that list. Gorilla Diamond is actually sponsoring LBank’s Arena of Valor competition! We believe that this will help us reach gamers that are not native to crypto. Gorilla Diamond Inc. also has plans to eventually enter the eSports market, which will further help us bring non-crypto-native gamers as investors!
Keeping a delicate balance between developing our platforms and improving the value of our token is something that we think about often. The main thing that is going to give $GDT value is our network of platforms, but that is not to say $GDT currently has no value. We are constantly achieving milestones, such as getting listed on LBank! Actions such as these show that there is value in $GDT and in the future of the company. But once our platforms start to roll out, $GDT’s intrinsic value will naturally increase. Additionally, as our platforms generate more and more revenue through transaction fees, people will begin to realize that they can get a piece of what our platforms generate by simply holding $GDT!
Q4. What is then next development progress we will see in future? Is there any future plan to attract more users to increase the trading volume? How can I get update about your project every moment?
We currently have several platforms under development. These initiatives include Rising Tokens, Swiftly Swap, the Diamond Wallet, and the Diamond Service Market. All of our platforms will be a part of the ecosystem we are creating; an ecosystem designed to generate revenue and distribute transaction-reflections to holders. Our transaction-reflections system will provide passive income to holders by distributing 10% of transaction fees from EACH platform to holders. For example, if Rising Tokens generates $100,000 in transaction fees, $10,000 will be reflected to holders in $GDT. The transaction-reflection function will also act as somewhat of a “buy back” program, as the 10% will have to be converted to $GDT before being distributed. If people want to sell their reflections immediately, then the price will not be negatively affected since the $GDT that is being distributed has already been “bought”. If our investors hold their reflections, then the price of $GDT will naturally increase through our platforms being used. Transaction-reflections will be automated and take place in real-time; there will be no huge pump and dumps of $GDT. Our token is made to be a long-term investment. All of these factors combined will lead to an increase in platform users, token holders, and trading volume.
As for getting continuous updates, I highly encourage everyone joins our Discord and Telegram. We give constant updates in both of those channels. There will also be an “Announcements” section on our revamped website, which is being released early July. Additionally, we have done 10 live AMAs on our Twitch channel, all of which have been uploaded to our YouTube channel.
Q5. Crypto projects were closed in many countries due to improper regulation and licenses. How does your project solve these problems?
Everything Gorilla Diamond Inc. does is completely by the books. Before we launched $GDT on 4/10/2021, we officially incorporated as a company on 4/6/2021. Our company is as legitimate as it gets. Gorilla Diamond Inc. is based out of Ottawa, Ontario, Canada and has full and official licensing to operate on Provincial and Federal levels. Because of this, we are required to abide by all of Canada’s regulations and legislation. Our Corporation Number, given to us by Corporations Canada, is 1290262–1.
Our Article of Incorporation can be found here: https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=12902621&V_TOKEN=null&crpNm=&crpNmbr=1290262-1&bsNmbr=
Live questions:
Q1 DO YOU HAVE A GLOBAL AMBASSADORSHIP PROGRAM?
Yes! We just recently launched the Diamond Ambassador program. Diamond Ambassadors are representatives of Gorilla Diamond and can vouch for the company. Our first Diamond Ambassador is Ode’ Osbourne, a professional UFC fighter. We look forward to on-boarding more Diamond Ambassadors, such as Tyler Hill.
Q2 What makes GORILLA DIAMOND distinctive and ahead of other tokens/competitor projects on blockchain that currently exist, keeping in view that their fundamentals are also based on decentralized finance?
We have a few things that make us stand-out from the rest. I’ll name a few to start….
-We registered an official company before launching the token. Registered in Canada
- The team is fully doxxed
- We are building a platform that does not exist in the crypto world, first of it’s kind
- We are providing 10% transaction-reflection from EACH platform. NOBODY DOES THIS!!!
Q3 On moving forward through your roadmap, what are your most important next priorities? Does the GORILLA DIAMOND team have enough fundamental (Funds, Community, etc) to achieve those milestones?
Our biggest project and flagship development is DSM (Diamond Service Market). But as we continue to work and develop DSM, we understand it’s a large project, so we’ve included additional developments to create prior to releasing DSM. All these developments are based on a revenue generating model and all platforms will share 10% transaction-reflection.
We have DSM coming at the end of the year. Rising Tokens coming in a few days and Swiftly Swap coming within the month. Lots of exciting stuff.
Q4 What are the ways for your project to generate revenue in the long run?
Our ecosystem we are creating will be based on platforms that people will use on an everyday basis. These will not be things that people purchase one-time and be done with; value will be created in the long run through repeated use of our our platforms. I am especially excited for the Diamond Service Market, which will be a peer-to-peer service-based crypto marketplace. We are going to capitalize on an untapped market share of the service industry by offering a market where users can exchange various services for crypto. All transactions will be secured through smart contracts.
Q5 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?
Our smart contract is completely secure. Our contract was fully audited through TechRate in May. Our CTO, Ben, has also gone through every line of code several times to ensure its’ safety and security. :)
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