LBank AMA Recap with GTN

LBank Listings&Projects
5 min readSep 29, 2022

--

LBank AMA Recap with GTN

On 28 September, we held an AMA with the $GTN team, hosted on LBank official telegram channel. If you guys had missed this session, here’s another chance to get a full transcript of the AMA event.

INTRODUCTION

GUEST 1: Hey there! I’m Roman, CBDO at Relictum.pro. With 10+ years fintech experience at TradingView I got involved in crypto when I was doing trading integrations of cryptocurrency exchanges into TradingView. I consider myself to be a real blockchain enthusiast :)

GUEST 2 : Hello everyone I am Nikolay Osipenko. I am a CMO. In the company since the first days of its foundation. I’ve been doing marketing for the last 15 years.There is experience in promoting crypto projects, as well as business in the real sector of the economy. Participant of many international forums and blockchain events. Crypto Enthusiast

Question 1

I know that the company is actively developing, tell us what the company has been doing for the last year? What products has it released?

Guest 1 answer : I think my colleague Nicholas will be best to tell us a story about that.

Guest 2 answer : Our team has done a tremendous job.Over the past year, we have successfully completed sales and built a community of over 70,000 active members from over 192 countries.

As to the technical part, last autumn we launched our product for creating an NFT token and our NFT marketplace in addition.

NFT token creation is instantly available in a few clicks.

In February, Appstore accepted our application, and our node became available for any operating system.

After that, we finalised and launched Staking, which is already functioning stably and brings benefit to the stakeholders.

After lengthy testing, our DEX has been released recently, which works on the principle of atomic swaps. The explorer was also thoroughly updated and improved.

Question 2

Tell us about the advantages of your blockchain? What do you have instead what others don’t?

Guest 1 answer : Let me take this one

Guest 2 answer : Will be glad to answer

Sure

Relictum Pro is an advanced public and private blockchain platform, where every device is a node able to conduct instant and cheap transactions. So we’re having L-1 scalable infrastructure with

architecture that allows it to grow and evolve without losing performance. 🙏🙏🙏

I can speak about our advantages a few hours I guess 😂

Guest 1 answer : Free transactions :)

Question 3

I know that you have completed the token sale. What’s next ? What are the company’s plans for the near future?

Guest 2 answer : Wow good question

Let we prepare an answer 😂

Coolest answer

Guest 3 answer : We’re taking steps towards web3.0 — i.e. greater decentralization (development and mass adoption of our decentralized storage) and interoperability.

We’re considering embedding into Cosmos blockchain ecosystem for better user experience and liquidity transition.

We’re going to proceed with

Tokenization of all aspects of human activity.

We are always open for new partnerships and introductions, ready to tokenize your business.

Guest 2 answer : Web 3.0 🔥🔥🔥

It’s the near future of decentralized technology 🤝

It’s the near future of decentralized technology 🤝

Question 4

I know the company has launched its own DEX. Tell me more about it, What will it bring to GTN holders? Will there be collaborations with other companies

Guest 2 answer : Thank you for the question

I’ll answer

Just a moment please

Oh, DEX really is a long story

We tested it with our community

We created the test group and our testers got good rewards in GTN tokens and t-shirts and caps 🧢

Okay let’s answer

DEX operates on the principle of atomic swaps unlike the most common DEXes on the other blockchains. It’s more difficult in terms of development but it brings absolutely new user experience as it does not need any automatic market makers to move the price. In other words — you trade your crypto without any intermediates.

Relictum DEX has functionality for automatic listing of custom tokens created in Relictum Blockchain.

The listing process takes no more than 1 minute. Relictum based Tokens will be traded there first, and at first trading and listing will be commission-free. In the future when the fees are applied — the GTN stakers will receive a certain portion of generated fees.

As for collaboration, firstly we’re going to work on interoperability in order to get more liquidity, then you’ll hear of some cool partnerships.

Guest 1 answer : I couldn’t say better 😌 I think we can proceed

Question 5

I saw the last token burn announcement. Can you explain the details to us? How would this happen? How will this affect GTN holders and the company ?

Guest 1 answer : I’ll take this one

Okay, so the burning was planned and we decided to do so after discussions with our community. We promised to burn it — we burned it as We always keep our promises.

Basically, we’re cutting the supply of the GTN token in order not to dilute the overall market cap of the project.

Btw as for promises and obligations…we’ve almost completed our current roadmap so we’re working on the updated one lol

Community Questions :

Question 1

Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?

Telegram username — @Sohelvai10

Guest answer : At the moment, I understand that part of the way has already been passed and at the same time everything is just beginning. The first listing. The first Step. The first time

Question 2

Many projects only talk about their strengths, can you talk about the weak points that you are currently projecting?

Telegram username –

Guest answer : I can’t judge our weaknesses objectively enough, but I think like any company we have them.

Question 3

I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, does you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build?

Telegram username — @Hollis_gibbs_84

Guest answer : I like this question

Yes, we’re considering running a hackaton in order to make developers aquatinted with our ecosystem. And yes, ecosystems’ security is our top priority

Question 4

Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?

Telegram username — @Laverne_Chastain_84

Guest answer : Where did you get such incorrect numbers from? We have every second token in the stake

Question 5

Will you have an NFT marketplace where we can buy and trade NFTs earned in Game . Will there be other NFT marketplaces where we can trade NFTs? Are you going to offer an NFT rental feature for starters?

Telegram username -

Guest answer : Yes, we do have the NFT marketplace — https://relictumnft.market/

We also launched NFT Islam — Sharia-compliant NFT market

Feel free to use

Finished ………

--

--

LBank Listings&Projects
LBank Listings&Projects

Written by LBank Listings&Projects

The AMA recap channel for going through more highlights of LBank AMAs.

No responses yet