BUILD IN BEAR : AMA Session With COINFANTASY
On Thursday september 29th At 11:30 AM UTC
Hello Everyone!
For those who are new to this channel, CRYPTO SYZYGY is a community which is committed to provide Premium crypto signals, News and Analysis, Listing information, and Breakout alerts with high accuracy and Best technical analysis tools and Assistance to our people.
JOIN US : CRYPTO SYZYGY CHATBOX | CRYPTO SYZYGY|TWITTER
We were so pleased to host our Telegram AMA session with Coinfantasy where we gave you the chance to ask the team anything you liked. And you certainly delivered!
Summary of the AMA
- Host Round
- Twitter Q & A Round
- Telegram Q & A Round
Crypto King: Hello All, we have a very interesting project today with us for the AMA, #CoinFantasy. You know we are doing AMA series #BuildinBear.
CoinFantasy is definitely building in bear and to tell us how they are doing it we have Harsh with us. Welcome Harish🤘.
Great to see you again Harish
Harishkarthik| CoinFantasy: Hi @CryptoDare Thanks for having us!
Crypto King: Let's kick off with the AMA.
Why don't you start with your brief introduction. I am sure people would love to know more about your journey in Crypto😊.
Harishkarthik| CoinFantasy: This is Harishkarthik Gunalan, I am the Co-Founder & CEO of CoinFantasy. I have a master’s degree from the University of Illinois at Urbana-Champaign. I have 9+ years of experience in the software industry and have worked in several Fortune 500 companies and overseen diverse teams in Sweden, UAE, USA, and India. Besides, I have experience building several blockchain Dapps.
Q. Awesome! Now can you introduce ConFantasy to the community. What is it trying t nachieve in the Crypto space?
Harishkarthik| CoinFantasy: Sure, CoinFantasy is the World’s first decentralised Play-2-Earn crypto fantasy trading game. It is a unique NO-LOSS⛔️ gameplay in which users earn money🤑 just by playing more games on the platform.
CoinFantasy aims to gamify crypto markets💹+🎮 through its multiple categories of games, thus acting as a Layer-2 platform on top of the primary markets.
We want to onboard the next billion users to crypto :)
Crypto King: Cool something about your token now. Here it is👇
Q. Has your token launched and do the token holders have the right to participate in the governance of the project?
Harishkarthik| CoinFantasy: Currently the token is not yet live. Please be aware ⚠️.
$cFantasy is our Governance 🎟& Utility token🎫 $cFantasy tokens are required to be staked to play the game and there is a lot of customization while participating in games on the platform that are decided by the community such as the duration of the games, entry fee, points system etc.
Holding cFantasy tokens also entails you having additional votes during the voting process📥 . Besides, there are a lot of discounts on fees for holding cFantasy tokens.
Crypto King: Nice, people be aware the token hasn't launched on exchange yet. my next one👇
Q. Can you elaborate more about your gameplay?
Harishkarthik| CoinFantasy:
Sure, Coin Fantasy is the World’s first decentralized fantasy gaming platform for crypto-financial markets based on the Play-to- Earn(P2E) model. It is a unique ZERO loss game play in which users earn money just by playing the game.
Users can join the game in 3 simple steps:
Step 1: JOIN contest you wish to participate
- Lockup the amount in CoinFantasy token to play (can unstake the tokens anytime after the game)
Step 2: SELECT a line up of crypto-stocks that would rise in value
- Be very strategic to build the line up of crypto/stocks.
Step 3: WIN real money by just playing the game
- User with maximum points wins the game pool.
There is a special gamepool for the community of crypto Syzygy. Members can join the game via the link provided after the AMA
Crypto King: Ok the last one then we move to Twitter picks. You might find this one interesting to answer😄.
Q. Could you share the tips on how to select coins for the portfolio?
Harishkarthik| CoinFantasy: There are several things that goes before selecting your portfolio. Users can use the trending coins on the dashboard to look at the current movement of tokens.
Besides, users can use the available data on the portfolio selection page such as Volume, Price and Market cap data of the last 15min, 1hr, 4hr and 24hr.
You can be very strategic in terms of selecting the portfolio by diversifying the portfolio by selecting across the Low cap, Mid Cap and High cap categories.
Crypto King: I would definitely agree with this. Something which I do it too :))
Interesting , Alright folks let us move to best Twitter questions. Here we go with 1st👇
Twitter Q & A Round
Q1.@blish9296502 Most NFTs games currently suffer low player base due to expensive initial cost for a new player to take part in the game, How does is attracting large group of players? can you talk some of its features which make it different from other ?
Harishkarthik| CoinFantasy: Here at CoinFantasy currently users are given free 100 credits to play the game that will be refilled every 24hrs, so users do not need any initial cost to play the game.
CoinFantasy truly beliefs in the network effect and thus organic user acquisition is the approach we adopt. Thus gradually we are able to view small network groups forming within our base who like to compete and learn from each other. This effort and experience when extrapolated would lead to exemplary outcomes.
I would like to shortlist features that differentiates us:
💹+🎮Gamification of crypto — Trying to make crypto fun
🚫 Risk-free trading for users - NO-LOSS⛔️ gameplay
🏆 Fantasy gaming Tournament to make it engaging
🕹 Play-2-Learn trading
💱 Learn-2-Earn rewards
🎴 NFTs for exclusive access to the financial hub in the metaverse👾.
Q2.@Greyson333 CoinFantasy is a decentralized fantasy game platform. If I want to invest in a your project, what would be the risk? Is gaming the only way to make a profit? What other activities can be done with the cFantasy token without involving risking everything?
Harishkarthik| CoinFantasy: Since we are offering a risk free trading experience, in which users will be able to select their portfolio and compete with the others, The amount that is used to play is staked in the platform & users will be able to get after a set of period of time.
As an investor each and everyone can look at our roadmap and try to visualize the growth of the ecosystem And it's not just gaming part of the ecosystem, there are other elements such as guild funds, DAO's and NFT marketplace and more
Q3.@DorseyPotts4 #CoinFantasy is a community-driven initiative that uses the cFantasy token, but could you tell me more about this token and how vital it is to the project's ecosystem? Do you have any plans to establish a DAO model, given that CoinFantasy is centred on the community?
Harishkarthik| CoinFantasy: Coinfantasy's native token - $CFantasy has a total supply is going to be 500million 🤑 and out of which 1/3rd is going to be the reward pool for our community 🤝🏻.
The most important part of our Tokenomics is that we have a token with limited supply along with deflationary elements as well 💹.
Yes eventually we would move to a DAO model where decisions are made by token holders. We would evolve to a community driven project soon :)
$cFantasy plays a vital part of the ecosystem with various use cases & definitely token holders have great incentive to HODL 🥳
Q4.@Cuong_Sun1 Coinfantasy is a crypto game based on the $NFTS.However ,there is still a significant viewers in the game sector that is unfamiliar with the blockchain industries . What are your intentions for reaching out to these folks and ensuring that your voice can be heard by all players ?
Harishkarthik| CoinFantasy: Blockchain is the underlying technology that powers the games and distribution of rewards. However CoinFantasy game is user friendly with the game very similar to the any other fantasy game such as Draftkings/Dream11 etc.
We want to reach to the users from traditional space who want to get into the crypto markets where they could play this game and get to know about the market.
Our vision is to gamify the financials markets and we have started with crypto markets but would be expanding to Stock markets, Derivatives and more 🚀🚀.
Crypto King: Cool lets open up for community, You can select 4 best questions.
Harishkarthik| CoinFantasy: Yes let’s go…
Telegram Q & A Round
Q.1 PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?
Harishkarthik| CoinFantasy: We have amazing support and encouragement from our partners. I will attach the list of our partners here:
👉 Polygon
👉 Avalanche
👉 Reef chain
👉 Frontier
👉 Lossless
👉 Unilend
👉 Biconomy
👉 Enjinstarter
👉 The Husl
👉 Phoenix DAO
👉 Strip Finance
👉 Pollinate
👉 Acknoledger
👉 Lokr
👉 Ludena
👉 Clover Finance
👉 SupraOracles
👉 Polkalokr
👉 Sportzchain
👉 Trustpad
👉 Metarun
👉 Evo Surfers
👉 XHashtag
Apart from partnering we also are planning to organize game pools with our partners that helps to gamify the community engagements 💪🏻.
Q2.According to the project’s roadmap- what are your most important next priorities?
Our current stats are:
🎯 75k registered sign Up
🔗 300k transactions on Avalanche Subnet
🏁18.2k+ game plays completed
Will give a glimpse of our roadmap below:
Phase 1 roadmap:
• Mainnet game Launch🚀
• Token Generation Event🎫
• NFT minting / Marketplace🎴
• Liquidity mining
• Metaverse beta launch👾
Phase 2 roadmap:
• Leaderboard 🎯
• Gamified Launchpad📊
• Token sets 🎟
• Social Trading🕹
Q3.With regards to CoinFantasy’s gamified approach to trading, I understand that there are 3 gaming modes where users can play against each other, against a squad or against the House. The first seems pretty understandable, so can you explain the second and third game modes? What’s the difference between 'playing against a squad' and 'playing against the House' in terms of rewards?
Harishkarthik| CoinFantasy: We would be soon launching the other categories of games. Let me explain these two:
- "Playing against the Squad" - Users would be able to compete with their own set of friends and win rewards
- " Playing against the House" - Users will be able to compete against CoinFantasy’s portfolio and win rewards.
Q4.Is your platform suitable for crypto beginners? Or does it only limited for professional users ?
Harishkarthik| CoinFantasy: We are a global project that caters to users from crypto as well as non native users of crypto.
Our game is user friendly that anyone who does not understand about crypto also can play easily. You can learn on how to play by going through this document: https://coinfantasy.gitbook.io/how-to-join-a-game/.
Harishkarthik| CoinFantasy: Done, Please stay tuned on our social handles to get more updates about CoinFantasy:
Website: https://coinfantasy.io/
Twitter: https://twitter.com/CoinFantasyIo
Telegram: https://t.me/CoinFantasy1
Announcement Channel: https://t.me/CoinFantasy_ann
Instagram: https://www.instagram.com/coinfantasy.io
Medium: https://medium.com/coinfantasy
Discord: http://discord.gg/vPCCdj4QSH
LinkedIn: https://www.linkedin.com/company/coinfantasy
Youtube: https://www.youtube.com/channel/UCjG5uD_l-Wf1KffVZFKjcEA
Crypto King: Awesome! Thank you so much Harish for the AMA. Was great having you here :))
Harishkarthik| CoinFantasy: Link to the exclusive SYZYGY game pool: https://bit.ly/coinfantasy_AMA.
Crypto King: Hope CoinFantasy does well in future. Straight to the Moon😄.
Harishkarthik| CoinFantasy: Everyone join here to win CoinFantasy tokens as rewards, the space is limited to the game pool.
Crypto King: Folks please join Coinfantasy community. Well with this our AMA concludes. It was lovely to have you both here in our Clubhouse. Some really great replies from you folks. Cheers!
