LBank AMA Recap with HUB
On 19 May we held an AMA with the HUBCOIN team, hosted on LBank official telegram channel. If you missed this telegram session, here’s another chance to get a full transcript of the AMA event.
INTRODUCTION
Guest 1:
Hi I am Marcus Luer, the CEO of HubCoin project. I am a Serial Entrepreneur from the world of sports and esports.
I can’t type my website here but it’s just my full name and .com please check it out later or just google marcus luer
our team is a great mix of Gaming/Esports experts and Crytpo experts Question 1.
GUEST 2:
Hey, I’m Arounen. I’m the project leader of the Hubcoin project. I have great experience in managing cryptocurrency and blockchain related projects. To learn more about our team you can go to the hubcoin website where you will be able to explore the experience of our team!
QUESTION 1.
How do you keep our money safe from hackers? Do you have a backup plan? Will you consider connecting real-life and cryptoworld? Do you think KYC is needed for this project?
GUEST 1
let me answer the various parts. Yes we have strong mechanics in place to protect from hackers. The company behind the project is called “Phygital Space Development”. The word Phygital means Physical and digital , so yes we are absolutely about connecting real world and digital/crypto world
GUEST 2
We have several mechanism in place in order to protect our community of investors from hackers. Our smart contract has been tested multiple times in order to reduce any risks involved. Hubcoin focuses on bridging the gap between the gaming industry and the blockchain industry. Through our launchpad, NFT marketplace and vote to earn mechanism, $HUB aims at creating a new experience for gamers and game enthusiasts. As for KYC, our team is doxxed as you can see on our website.
GUEST 1.
We will follow standard practise and accepted guidelines on KYC globally
QUESTION 2.
What are the future plans for your token $HUB?
GUEST 2:
$HUB has major plans for the future starting with the following:
1. Development and launch of 3 play to earn games
2. Launch of the BSC bridge to increase mass adoption
3. Major CEX listings (our LBANK listing has been a massive success)
4. Onboarding of influencers to form part of the $HUB team
5. Setting up multiple competitions with rewards for the community
6. Launch of NFT games and NFT marketplace
7. Development and launch of the “vote-to-earn” mechanism (this will be huge)
8. More PR and news coming
GUEST 1:
all the above are well defined part of our strategy and spelled out in the white paper and on our website in more detail. Happy to go into specifics later.
QUESTION 3
So, What makes it different from other projects? Can you tell us the motivations and benefits for investors to hold your token in the long term?
GUEST 2.
HubCoin ($HUB) is the gaming hub for gamers and game enthusiasts. This token embeds smart contract technology into the gaming world to redefine the experience of gamers. Gaming is no more just about the fun of playing. It is about earning while having fun. Most importantly, $HUB ensures that gamers are properly remunerated through its well defined and structured smart contracts and gamified systems.
HubCoin is backed by major institutions that are listed on the stock exchange and that have a real life business. The project is backed by massive funds. Since hubcoin is the native token of the Hubber platform, Hubcoin is able to leverage on the existing community of gamers and game enthusiasts that Hubber already has. The project is also led by a team of experts who are proven and have massive experience in the gaming and blockchain industry.
The main benefit for holders to hold the token is that they will be able to whitelist themselves and access NFT collections with great utilities. These NFTs will be launched by renowned gamers in the space. They will also be able to use their tokens to vote for their favorite games and win rewards in return. Holding $HUB unlocks a panorama of utilities that the tokens hold for the investor.
The burn mechanism also makes $HUB a highly deflationary token and hence allows its holders to benefit in the long run.
QUESTION 4
How are you going to educate the gamers who have no idea about cryptocurrencies and blockchain technology?
GUEST 2
The good news is that Gamers are 2–1 more likely to already be involved in Crypto than the average person. So we have a natural advantage to speaking to an educated and young audience and there is tremendous overlap between the Gaming/Esports community and Crypto community
Multiple strategies have been put in place in order to encourage the existing community of gamers to adopt cryptocurrency. For a start, multiple AMAs will be held with the gaming communities to educate them about $HUB and how it will help them monetise on their skills. The team is also working on several press releases.
In order to facilitate the adoption of $HUB, a gateway will be created so that gamers will be able to buy $HUB using their debit/credit card. This will make it easier for them to hold $HUB.
The team will also start releasing educational videos to help the gaming community adopt $HUB.
GUEST 1.
we have a natural advantage that our audience and the crypto community are very similar
the few who don’t know, will be educated by us as per above
QUESTION 5.
In this Gaming hub project, which type of game can we play like it’s a simple game or can we play games like free fire,pubg etc?
GUEST 2.
Yes, you will find many of the most popular Esports games on Hubber and we will create competitions and tournaments where you can win Hubcoin. Hubber is a tournament platform and one of the key elements of our project. The HubCoin platform will also host play to earn games.
The platform will leverage blockchain technology to create an environment that promotes massive rewards for the gamers. The use of smart contracts will remove middlemen ensuring that gamers are able to enjoy bigger rewards.
GUEST 1.
Hubber has already hosted many types of games from PUBG to Pokimon
lots of different games and for sure the most popular games will be on the platform.
QUESTION 6.
Many projects came down 90 to 95 % from their ATH. What are your plans to sustain the price of the token and investors believe in it. What are you doing to survive in this bear market?
GUEST 2.
$HUB as a project is backed by long-term money (including a Public listed company and long term investors) and the company has enough funding to sustain and build the project in the long run. We raised traditional equity funds and are well positioned and are not relying on funding from our token sales.
In order to survive the bear market and make sure we do not face such issues, the HUB team will be doing buybacks and burns from time to time and will also keep educating more people to join the community. Through our influencers, P2E and the need to hold $HUB to benefit from the multiple utilities, we will encourage the holding mentality such that drastic falls of 90–95% do not happen. In the event that this does happen, the team will deploy its risk mitigation plan which involves buying competitions and token buybacks and burns.
GUEST 1.
yes nothing to add. we are solid and well funded.
SECOND SECTION
@Rosiewirth
IS This Your project only for elite investors, how about others with small funds, is it open to everyone?
Guest 2
Hi we are a project for everyone. In order to promote mass adoption we will be launching the BSC bridge soon to allow investors to invest without paying high gas fees.
@alvertasutherland2003
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Guest 2:
For sure. We understand the community is key in the success of a project. Our team is constantly available in the telegram group and taking feedback from everyone. Feedback is always welcomed. $HUB thrives on the power of its community. HUB is a project for everyone. It is conceptualised and created in order to create a new gaming experience helping anyone to leverage on the power of blockchain technologies to earn.
@Shannon_Wallace12
When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future?
Guest 1:
we are already listed on LB and Uniswap and one other (which i won’t promote here). and more coming
@Samatha_farias_1992
I am interested to invest in your project. When and where can I buy your tokens? Is it already listed exchanges?
Guest 1:
Right here on LBank
@Shavonne_Raney_2001
Can you give an overview of your Tokenomics, and the UTILITY of Token?
Guest 1:
please look at our white paper on our website. Very detailed spelled out there
@AlyseKasper96
I seen that you have done many AMAs, my question is, what do you expect to get from so many AMAs and what are your goals with the community? Do you consider the community to be a fundamental role in the project?
Guest 2:
Our goal is to create awareness about $HUB and have a strong community of holders. Step 1 in the success of any project is to create awareness about the project and make sure that investors understand the fundamentals of the project before investing. This is why we are holding so many AMAs and having press releases.
@jesica_ivy
We know most players now focus less on long-term game development, they only focus on the first stage of the project and its price. So do you have plans to retain and increase the number of users? And what strategies project use to attract gamers?
Guest 2:
We will be onboarding a team of influencers to form part of our advisor team. They will be part of the team to constantly promote our project and educate people about us. We are already in discussion with multiple influencers with a huge number of followers on twitter and their telegram group. Through this strategy we aim to bring in more users. Hubber itself already has a huge community of gamers and through our press releases, AMAs, Fiat gateways, we will be converting more gamers into crypto holders.
@ShanonDupont11
Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?
Guest 1:
we are building a massive Esports/Gaming community and there is a real project already behind the token. We already started the project one year ago and the token is the glue for the diffrent parts of the project. The original project existed before so we are a bit different than many others
@RudyNavarrete
Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project??
Guest 2:
We will be setting up communities for different regions to ensure that there is a constant flow of communication
@Mathilda_Maki
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Guest 1:
yes we do a lot of feedback sessions and our inhouse team is a mix of Esports/Gaming specialists and crypto experts. We believe we are truly building a Hub for Gamers by Gamers
@Simona_fullerton_24
Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Guest 1:
we have a strong inhouse graphics and design team. Look at all our online material and you will see it looks world class.
@Scotty_conover_31
What are the key milestones on your roadmap — both things you have already achieved and things that we can look forward to? Any partnerships and short/long term technical milestones that you want to talk about or bring some attention to?
Guest 1:
Play to Earn, NFT Platform and launchpad platform are three big components . Lots of info inside the white paper
@Rubieheinz
Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ?
Guest 1:
yes we do. and if there interested influencers here, please get in touch with us.
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