LBank AMA Recap with SHR

5 min readAug 2, 2022

On 2 August we held an AMA with the SHR 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

Sure my name is Michael nick from shera tokens

I'm COO for shera and I’m based in Dubai

About our project:

Shera Token is the next-generation blockchain-based ecosystem dedicated to developing interconnected products in DeFi, crypto education, advanced gaming system, and NFT applications. Although many skeptics around the world are saying that blockchain technology and cryptocurrencies are nothing more than a bubble, the growing data suggests otherwise. Shera believes the principles of decentralization, transparency, privacy, and security imply that blockchain technology and cryptocurrencies are here to stay and are still just in their infancy.

Shera has several unique features and meets the most different expectations and preferences of both newcomers and experienced users. Users will have one central account linked with the token currency, giving them access to our ecosystem’s unique features. The Shera ecosystem is powered by $SHR Tokens, hosted on Binance Smart Chain.

Shera is an ecosystem that creates a safe and exciting space for its users by combining advanced modern tools, advanced DeFi tools, crypto education, P2E games & advanced metaverse tech. With one unique account on Shera, users will have access to the full functionalities within the platform. The Shera ecosystem has projects such as NFT’S Marketplace, Game-fi & Metaverse, Shera Swap, Shera Dext, Shera Bazaar. Shera token aims to create a 1 billion $ economy by 2024.

Question1:

Regarding the current market situation is too unstable, holding back investors. So can you give us some good reasons why we should buy your tokens in this market situation? And also why should your token holder keep holding?

GUEST:

Yes sure

If you read the project whitepaper, you will see that this project is an innovative financial ecosystem that can soon create dramatic changes in the financial world. Perhaps this is the most critical value of the project. Also, we plan to list the SHR token in major exchanges in the coming months, and this will attract more users.

The SHR market trend shows that despite the very bearish market, the project team has managed well and reduced project risks to a great extent.

We have a profitable staking program for token holders, which will be a good incentive for holders, and the bright future of the project is the best incentive to hold this token.

Many small and medium projects will be removed and forgotten in this bear market forever. With the team’s hard work and the critical decisions we will make, this project will grow a lot, and holders will gain a lot of profit in the long term after the end of the bearish market and going to the bullish market.

Question 2:

Typically, investors buy tokens that are likely to increase in price in the future. I saw that, total supply of the token is huge. So, do you have any plan for burning tokens in the future? What do you think if you think that security will determine the success of the project?

GUEST:

Our Token has its own system for burning in 2 ways.

First, we have a mechanism of burning in our contract, 1% burning on each transaction ( buying or selling)

Second, our team does manual burning on weekly basis. So far, we have done 54b in Shera Total burn.

About the security:

Of course, the security will determine the success of any project. we have hired an internal security team, and at the same time, we are using security audit firms (Soken) and they are our partners. We assure users that we will implement all security standards in the project.

Q3:

Revenue is an important aspect for all projects to survive and maintain the project/company. How have you been able to build a complete project and what is the way to generate profit/revenue of the token? What is the income model?

GUEST:

Our whole business model is based around sustainability and we are building disruptive utilities, that can really help us to become a catalyst for mass adoption of blockchain technology. Each utility that we build will have small fees that generate revenue which we will cycle back into the project — We aren’t here to just make money, we really want to change the way that people see DeFi and that means setting the example on sustainability and accountability that we hope other projects will follow.

Q4:

What is the most ambitious goal of your project? How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?

GUEST:

We aim to create a one-stop shop where people can access all these great products and features and make the most from their crypto holdings and investments. We have the goal to build an ecosystem that creates a safe and exciting space for its users by combining advanced modern tools, advanced DeFi tools, crypto education, P2E games & advanced metaverse tech.

Users can stay updated through our channels:

https://t.me/sheratokens

https://sheratokens.com/

https://instagram.com/sheratokens

https://www.youtube.com/c/Sheratokens

https://medium.com/@sheratokens

https://www.reddit.com/user/sheratokens

https://www.facebook.com/sheratokens

https://twitter.com/sheratokens

Q.5

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? Where are you on your roadmap? What are your plans to improve the Shera Token ecosystem?

GUEST:

Yes, our team attended Dubai EXPO where we met and introduced our project to many organisations and investors, and also we planning on spreading across Asian region, then Africa and Europe.

We have our local community from the Middle East Countries.

We’re planning to build more communities to reachout to many counties as possible.

About the roadmap, we have achieved a lot since we started and we have already completed most of our Phase 2 goals. We have already released our crypto academy and our NFT marketplace and game will be ready to release soon.

SECTION 2:

@shadow_type

Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project?

Guest:

We have a range of team members from all over the world. All are very professional and very qualified in the department they are working in

@Susieswank55

Hello @SHERADUBAI According to the roadmap, what is your most important next priority?

Guest:

To be totally honest for us we take each part of the road map as important as any other part. Because each step is important to reach our goals.

@CassyMccoy44

What’s your main focus right now, are you focused on the community or market/Exchange or the products?

Guest:

Currently, we are working on all these things. Also hopefully have a shera game coming out soon and release of our NFT market place which is very exciting

@Sunshine3_14

I am interested to invest in your project. When and where can I buy your tokens? Is it already listed exchanges?

Guest:

Sure,

Pancakeswap

LBank

XT.com

And hopefully shortly more to come

@Deedeewright11

Is your platform global or is there any restriction to certain regions?

Guest:

Currently, we are in all regions with no restrictions 👍