LBank AMA Recap with NUGEN

LBank AMA Recap with NUGEN

On 25 October we held an AMA with the $NUGEN 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:

My name is Fazil Jabar and is the CEO of Nugen Universe LLC.

We are Nugen Universe. Our Nugen project is changing the world one transaction at a time by helping consumers using crypto currencies.

Question1:

On your website I read about BRITTO. I didn’t get enough clarification. Please what does that mean and what is its use case? Has the NUGEN COIN Contract been audited?

GUEST:

- BRITTO is a banking entity that I purchased to assist our members with their banking needs. They will be able to access their funds globally at any time with their debit card. Also, Britto has its own payment processing platform, its own crypto exchange and it’s own coin.

-We have our native utility token NUGEN. Users using NUGEN exchange will be able to withdraw funds from the exchange to their bank account seamlessly.

- The smart contract have been audited by QuillAudits

Question 2:

Almost every investor holds the token for the short-term without understanding the long-term value. So, how can you ensure for us that holding this token is more beneficial for the long-term and what is your plan to increase the demand and scarcity of the token?

GUEST:

-We are working as per our schedule to bring more products to our ecosystem to bring in more users and planning to bring out staking programs to promote users to hold our NUGEN token. We are here to stay as a collaboration with banks and payment providers. We want to make crypto accessible for all. We are soon going to bring in payment cards also.

- We are planning to do a burning event soon.

Q3:

Who are your targeted audience and customers? What regions do you target specifically or are there any restrictions to users? Some other projects or protocols can copy the real word items too. How can you make sure it is only represented by your project?

GUEST:

Q4:

The crypto industry is growing rapidly. New crypto assets are being introduced day by day. so to identify the performance of these assets with a good categorization or rating is very important. Can you talk more about the main purpose of NUGEN? What offers are interesting on the platform?

GUEST:

● NUGEN NFT Marketplace: A feature-rich platform that allows people worldwide to buy, sell, bid, and trade branded NFTs securely.

● NUGEN Exchange — To trade crypto currencies.

● NUGEN Metaverse: Bestows an immersive virtual world experience through its metaverse surrounded by parks, gardens, malls, night clubs, theme parks, game zones, etc.

● NUGEN Crypto ATM: The platform will open its crypto ATMs in variety stores to provide high payment flexibility.

● BRITTO: BRITTO Financials is a licensed banking services.

● BMG Global Bank: It is a bank that provides a plethora of financial services with payment cards.

● NUGEN BLINXPAY: It is a payment platform that manages all forms of payments.

● NUGEN Crypto Cards: NUGEN will bestow payment cards to make payment user friendly especially to neophytes crypto users.

Q.5

Can you explain your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?Can you list 1–3 killer features of your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

GUEST:

-The total supply of NUGEN is 10 billion (i.e. 10,000,000,000) tokens, of which 16% is provided for private sale,

9% is provided for public sale,

10% is for operational use, another 10% is allocated for partnerships,

3% will be airdrop,

20% is allocated for reward pool,

17% is provided for staking incentives, 10% is allocated to the team and advisors, and the rest

5% is reserved.

The vesting schedule for the team distribution is 0%

Listing release and 6 months of cliff and post that a monthly release 2.77%.

- Killing features — Banking collaboration, Metaverse, Payment cards

SECTION 2:

@Lynnaburks

Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?

Guest:

Currently we are working on developing videos to promote our projects and will make them accessible to the community. These will be posted on telegram and on other social media accounts and on our official websites

@delpha_catalano

Where can I buy your tokens right now what is your current contract and how can I buy them??

Guest:

Nugen coin is listed on Lbank and can be bought there.

As for our other tokens they can be bought privately from our nugenuniverse.com web site.

@Kirstin_geiger_1998

Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?

Guest:

Yes we do have our whitepaper and is accessible from nugenuniverse.com

Out nugen token can be bought from Lbank exchange.

Our other tokens can be bought presale via nugenuniverse.com

@janineeldridge1994

Since NFT is popular nowadays, is there a plan for NFT integration?

Guest:

NFT is very important in today’s world.

I am happy to say that we have our own NFT platform and it will be launched at the Miami metaverse conference on November 28 and 29, 2022.

It will be unveiled in our own metaverse platform.

@janniecarter78

What is your strongest advantage that you think will make your team leading the market?

Guest:

The following are our strongest strengths

We have our own banks

Our own tokens

Our own metaverse platform

Our own NFT Marketplace

Our own payment platform

Our own developers are experts on blockchain technology, the Metaverse and NFTs.

We have live customer support that is accessible at any time.

@Debibegay

We’re very interested in hearing more about your roadmap. What is coming up in the short term that is important for our community to know about?

Guest:

Thank you so much for your interest in our projects.

Please feel free to check our whitepaper on nugenuniverse.com where our road map is detailed.

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