LBank AMA Recap with RED
On 14 October , we held an AMA with the $RED token project team, in LBank official telegram channel. If you guys had missed this session, here’s another chance to get a full transcript of the AMA event.
GUEST : Hi everyone Im Yasuo ,The CEO of FIDA and TEG .
So until now, my career has mainly been in real estate and finance.
My first job was working for a Japanese company called Recruit, where I was able to make connections with many influential people, and then struck out on my own and started my own business, gaining experience in hotel development, real estate and real estate funding.
Many people in Japan, especially the younger generation, are feeling stuck. I’ve felt this way in my own career and I’ve made it my life’s goal to empower young people in Japan to get free and move forward. While searching for ways to achieve this goal, I was lucky enough to get a call from Tokyo Tower about this project.
Tokyo Tower is an iconic symbol of Japan and of Tokyo that is known by people all over the world, and it is also a symbol of broadcasting and connection to the digital world.I believe we could establish Tokyo Tower as the headquarters for the growing movement of next-generation entertainment and eSports. It will be the focal point to collect the best content that Japan has to offer and share it with the world both digitally and in real life.
１：Can you share the overview of the RED TOKEN project with us like what it is all about ?
Guest answer : This project is centered on RED° TOKYO TOWER, Japan’s largest e-sports parks in Tokyo Tower, and aims to provide new and unprecedented content to everyone through collaboration with various IPs and efforts to produce new creators and players in the future. This project aims to create the “next generation of entertainment” by utilizing RED TOKEN, which uses blockchain technology.
This model is created based on the merging of experiences in the real facility and the digital world and in the future we plan to connect to the metaverse as well.
Not many Web 3 projects have a physical facility so our biggest differentiator is being able to leveraging the iconic symbol of Tokyo Tower as our Facility location and combine that with blockchain.
2：What problems does this project seek to solve that others project can’t now?
Guest answer : so we are approaching the solution of two problems.
The first is to create new content through a new approach from Japan.
Japan is known for producing and exporting very high quality content to the world, mainly in the form of animation and games, and the world expects and needs this content.
However, while the quality of the world’s content continues to improve, with the world’s government and private sector working together to create content for the global market. However, the way Japan creates content, positions itself as a creator, and communicates to the world remains the same as before. In gaming, Japan lags behind the newly emerging e-sports trends, and its presence is declining.
We will combine IP and creators gathered by the centripetal force of Tokyo Tower through community fundraising through tokens, etc., and support creators to launch and disseminate their projects to the world.
Specifically, we will send out content to the world with a global standard sales and marketing strategy while maintaining the core quality of Japanese content.
And the second is to provide new ways to play and next-generation entertainment experiences utilizing tokens.
We believe that despite the proliferation of digital technology, both online and offline, the way we play games at events and attractions in real facilities and online has not changed significantly.
We will build on this to create a more enjoyable RED token consumption experience for fans.
The model will then be expanded to real facilities in other iconic locations and online and later a metaverse for further global expansion.
By linking RED token consumption with next-generation entertainment, both real and virtual, we will build an economic sphere centered on RED tokens and provide next-generation entertainment experiences.
3: What is the RED project unique feature ?
Guest answer : We believe our strength in creating new content is “Tokyo Tower”
Because Tokyo Tower is a symbol of Japan and Tokyo, it attracts creators, and we can say that the content created there is representative of Japan, and we can transmit this to the over 3 million annual visitors (pre-Corona numbers).
There is only one Tokyo Tower, and this is an approach that only we can take, and that is our greatest strength.
And in fact, we have already realized that we are able to attract powerful creators simply by virtue of the iconic nature of us being located inside of Tokyo Tower. We are literally located inside an emoji ! haha
Next, our strengths in providing next-generation entertainment experiences are “RED TOKEN” and “RED°TOKYO TOWER”
As I mentioned earlier, we believe that new ways to play in the future will require a blockchain-based token system.
We have already issued RED TOKEN and listed it on several crypto asset exchanges including LBank.
We are already operating one of the largest e-sports parks in Japan, RED°TOKYO TOWER, which will become a place to actually use and enjoy the RED TOKEN.
4 ：What is the use case for RED TOKEN?
Guest answer : So some symbolic examples include. RED TOKEN and RED° TOKYO TOWER’s exchange for NFT entrance tickets and NFT event tickets, and we are considering exchanging goods at RED° TOKYO TOWER’s official store and E-Commerce.
In addition to this, we also envision using RED TOKEN in the form of support to nurture content creators for new IP development.
NFT tickets and NFT event participation rights will serve as proof of engagement with RED° etc.
The RED TOKEN and NFT will be used to enable participation in more special events and experiences.
This will also provide fans with the opportunity to enjoy collectibles.
5 ：Can you describe what milestones the project has reached so far, what future goals you are aiming for and when you expect to reach them?
Guest answer : The biggest milestone of the real facility, Japans largest esports park, RED°TOKYO TOWER (5,660 ㎡), opened in April 2022. In addition, an area for kids and a RED cafeteria were successfully opened in July this year .
We also launched the original RED° wallet in August
We are currently planning to create an exchange system to trade Red Tokens for NFTs.
We are also in the process of developing the RED Tokyo Tower future art gallery, where we support many artists to display their works to the world. and will also release some information soon on RED original IPs and new facility development.
6 ：I know that RED TOKEN empowers entertainment in japan so What’s your plan to reach global community in building and getting subscribers or users? How do you intend to solve the problem of your target market?
Guest answer : We plan to collaborate with IPs, gather the general public interested in our services and crypto users interested in RED tokens at events including AMAs, and build a community around Discord.
The collaboration with IPs can also be used to attract fans to RED°TOKYO TOWER through merchandise development and events. In addition, we will try to gather fans around the dissemination of original IP content.
As I mentioned, we are starting an initiative to turn the 5,660 square meter RED°TOKYO TOWER into an NFT art gallery in November with events other than AMA, and NFT projects and artists from all over the world will be coming to Tokyo Tower in increasing numbers.
We have received many inquiries from NFT projects and artists around the world, and we are excited to bring new projects to you from Tokyo Tower.
If you have not been to Tokyo Tower recently, please come to Tokyo Tower!!!
We will also be hosting a series of talks and conferences on various cryptocurrency topics to introduce non-crypto users to the world of crypto in a more accessible way.
Finally, we are starting to use Discord not only to disseminate information about RED TOKEN, but also to create an online community of fans who gather at RED°TOKYO TOWER.
We will continue our efforts to share the Japanese content that we are creating out daily at the real facility, RED°TOKYO TOWER, with the world on Discord, so that people around the world can feel our content and feel the desire to join our community.
7 ：Where can people who want to pay attention to and watch the RED TOKEN ECONOMY PROJECT in the future go to find out about its progress?
Guest answer : Information will be posted on RED TOKEN’s website and SNS such as twitter and Discord.
We have just started to send out information on Discord, but we are planning to enhance the information and events for the community on Discord, so please join our community on twitter and discord.
Discord (RED TOKEN)
Twitter (RED TOKEN)
Please join our community on twitter and discord, and please visit the official RED°TOKYO TOWER website for the latest events and information.
COMMUNITY QUESTIONS :
Question1 : Hi @RED_TOKEN_Hara Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues?
User : telegram — Hogg Glayds
Guest answer : THank you for your questions , So we have completed a security audit from a smart contract security auditing company ! All team members within the project have also undergone thorough training to maintain security of the project.
Question2 : Do you plan to expand real facilities beyond Tokyo Tower ?
User : telegram — Sakura
Guest answer : So we are currently planning to expand our facility into Haneda Airport, one of Japans biggest airports and are also in talks to expand to various facilities and countries across the world ! this will increase the places RED Token can be utilized and expand our global reach
Question3 : I am interested to invest in your project. When and where can I buy your tokens? Is it already listed exchanges?
User : telegram — Adeline Hook
Guest answer : You can buy RED Token now on LBank !!!
Question4 : Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?
User : telegram — THE _HOSIPA
Guest answer : Well actually with the name RED came from our central idea where we create an entertainment economy powered by the “heat of play and fun”of our users through various games and events. We believe the colour of heat is represented by Red and thus the name RED and the ° to represent Celsius
Question5: What is your strongest advantage that you think will make your team leading the market?
User : telegram — Iraida Beyer
Guest answer : We believe that the iconic location of us makes us automatically a focal point in Japan, and the uniqueness of being a Web3 project with a physical facility in one of Japans most iconic locations makes us unique. We also have some of the most advanced gaming facilities in the Japan and a very strong team !