AMA RECAP

CRYPTO MINERS
8 min readJul 17, 2021

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CRYPTO MINERS X POP NETWORK

Venue : @Crypto_miners_Community
Date : 17th July, 2021
Time : 3PM UTC

Guest : MR. Neo(POP NETWORK)
Mr. Neo shared with us a well detailed insight into the Project and Unique features of POP NETWORK…

SEGMENT 1️⃣ — INTRODUCTION

Shajil:
Hello & welcome everyone to today's AMA session with POP NETWORK.

Let's welcome our special guest @neo_bendaknee from the POP NETWORK team.

Neo:
Thank you for having the POP Network. We are glad to be here.

Shajil:
Before moving to the 1st segment can you please introduce little bit about yourself to the Community and about your roles behind the project?

Neo:
Yes, I discovered this project last year from an article written by Valerian.

When I studied the market it aims to disrupt, the history of the team, and joined their community, I had to jump on it. Having been with them so long, I am now a Community Manager on the POP telegram channel.

Shajil:
Can you give a brief explanation about 'POP NETWORK' .What pop up in the mind to create such a platform in this space?

Neo:
As many of us know, DeFi was the first "sector" that aims to disrupt traditional finance. As the crypto/blockchain industry matures, this technology will disrupt other industries. POP Network is truly the first decentralized open platform for entertainment (DOPE). It aims to change the entertainment and media industry the same way DeFi will change the financial and banking sector.

Shajil:
So POP Network is building something unique which this space hasn't never experienced.

Neo:
Correct. There are other entertainment projects out there with very specific applications in media, video, and etc. or that it's platform is closed or patented. The POP Network was created with Content Creators and Network operators at the center of it's entire ecosystem. Additionally, it's an open infrastructure that allows other projects to build on top of the POP Network.

Shajil:
What are the technical requirements and conditions that applies to run the backbone of the software the "Masternode" in the POP Network?

Neo:
The technical requirements are minimal as this network aims to make it easy to use for non-technical consumers. The beta GUI interface is very smooth and clean. Setting up a masternode will require little technical aptitude if any. This is key to facilitating mass adoption.

Our minimum suggested requirements to run a masternode:

• One dedicated processor core
• • 500 GB available storage
• 2 TB monthly use
• • 5 Mbps upstream bandwidth
• 25 Mbps downstream bandwidth
• • 95% uptime

Shajil:
Currently POP Network platform under testnet isn't it?

Neo:
The masternode is currently testnet. Mainnet is expected to go live late this month or early August. This is the first of three components of the network. Done

Shajil:
Valerian hinted something regarding the mainnet on Yesterday AMA with "BIG ONE"

So everyone is so curious to watch out the final form.

Neo:
Yes, this is the masternode which is a torrent and content delivery network. After this milestone will be the blockchain testnet/mainnet with the final piece being the Artificial Intelligence (AI) sidechain for content moderation.

Shajil:
Recently we have seen POP Network made a major partenship with GDA Capital?So how this partenship will empower the growth of POP Network?

Neo:
Shajil, this is a great question. Yes, GDA Capital sponsored the recent Europe Disruptive Innovation (EDI) summit. For those of you familiar with accredited investors and family offices which provide full-service wealth management services to ultra-high net worth individuals and families, GDA's partnership is another significant milestone and is a testament to the credibility of the project.

GDA Capital also does this for top Fortune 500 companies. Done

Shajil:
Can you share more details about the $POP Tokenomics,is there any particular vesting schedule if so can you share more about it?

Neo:

The total supply of POP token is 1.6 Billion. The entertainment and media industry is a 300B+ market that is growing every year. Streaming drives over 80% of all internet traffic. If you conduct a PEST analysis (political, economic, social, and technological) which is an environmental scan of opportunities and threats, POP is very well positioned to grab a significant share of this market. As for vesting schedule, the distribution model is the most equitable and fair that I have seen where the team’s tokens aren’t locked.

SEGMENT 2️⃣ — Twitter Q & A

Shajil:
@Sanaf57243141

1)I have seen in your site that POP Network is bringing decentralized web to overtake YOUTUBE , Netflix and Spotify . What all Key Features of POP NETWORK help to bring this dream to life ? And Can you shortly describe Income methods through POP NETWORK ?

Neo:

That’s a big one. Pictures are worth a thousand words. But you can see multiple layers here. The platform will have NFT capabilities, smart contracts, dApps, and even it’s own POP Virtual Machine. The infrastructure being built allows the POP Network to host many potentially exciting projects that serves to only enhance it’s network effects.

Shajil:
@malluanalyst01

2)About pop network, On other platforms, you are the product. Here, you are the network. POP is cryptocurrency you earn for your contributions. How we the investors could turn into network? Can u elaborate a little? How to earn from our contributions?

Neo:
For investors who want to be part of the network, they can stake a minimum of 50K POP to run a masternode. For those who do not want to run a masternode, liquidity mining is on the roadmap.

I highly recommend running a masternode since it will much easier than say running a node for Chainlink or Ethereum. Minimal technical skills will be necessary.

At the moment, the rewards for running a MN is 100% of your stake after the first 90 days.

Shajil:
@tornado49462818

3)In your website, you stated that the tron foundation hates pop network. What was the reason that The tron Foundation erased you original project from the Tron blockchain? How can you prove that they are wrong?

Neo:
Yes, being a Super-Delegated Proof of Stake blockchain, it will be fast enough for streaming and eliminates the requirement of expensive hardware.

It's with good reason that our Team came to the conclusion that it's project was a threat to their BTT project. All water under the bridge. The good that came out of this incident was the devs who believed in decentralization came together to move the POP Network project forward.

Shajil:
@0xpopeye

4)CDN is one of leading technology going to revolutionize the existing centralised tech giants.As POP develops decentralisation for the content creation can bring adoption?What are the strategies POP is developing to remove hazzle to bring more adoption?

Neo:
Great question. As hinted earlier, Managing Director Valerian Bennett has decades of years experience in the entertainment and media industry. He has done film editing, video production and etc. for people such as RuPaul, Lil Wayne, 50¢, and other personalities. His connections to this industry is noted.

Outside of Hollywood, the solution POP offers to youtube influencers and artists is too compelling for adoption. With adequate financial backing and a platform that is being created WITH content creators and artistic personalities of all kinds in mind, few other options exist if any atm. Done

Shajil:
@trippesh

5)What are the key milestones on your roadmap - both things you have already achieved and things that we can look forward to? Any partnerships technical milestones that you want to talk about or bring some attention to?

Neo:
Great question. The most significant milestone will be when the masternode mainnet goes live here in less than a month. This means an initial viable product is out and that will draw the interest of many venture capitals and fintech investment companies. Not all VCs and fintech companies invest during the seed phase of a project.

SEGMENT 3️⃣ — Live Q & A

Shihad K:
On their website they mention that the tron foundation "hates them" by removing their original project from the Tron blockchain to compete with BTT. Why would there be a controversial reason for them within their project that this foundation did not like?

Neo:
I cannot affirm any reasons with certainty but do a quick Google search and you will see that Tron purchased the BitTorrent for a signifiant sum of money.

Arifurzzaman Ronju:
Most of investor just focus on the price of token in short term instead of real value of project. Can you (as Steady State Team) tell us the motivation and benefits for investors to long term?@neo_bendaknee

Neo:
Long term investors know that fundamental value and product maturity poses little to no risk regardless of how volatile a market is.

Crypto Expart:
Do you have any plans to attract non-crypto investors to your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?

Neo:
Market making will be turned on in the coming weeks! So far, the growth we've experienced are all organic!!

Alhamdulillah 🥰:
•Where can I buy it?
•also all the links to all your social media platforms if possible?

Neo:
thepopnetwork.org is the website. POP tokens can be bought through Probit Global, MXC, Uniswap, and soon BigONE exchange and Pancakeswap

Lamtey:
How will you attract potential users to your platform considering that it is powered by blockchain ?

Neo:
Though it is blockchain-powered, usability comes from the interface of the masternode and other GUIs which will be very user friendly.

Jack Jhon:
Hello sir,
@neo_bendaknee

Transparency is important. how did the #POP project manage to provide transparency to gain user trust? then have you done an external audit?

Neo:
POP has a third-party auditing the team's code and security. Future announcements may provide us an update when completed. Join us on our telegram channel to stay updated!!

Crypto Expart:
Do you have any plans to attract non-crypto investors to your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?

Neo:
You'll see in the coming weeks more marketing from various sources. Non-crypto adopters will come for the entertainment, for their favorite celebrities, artists, influencers, and etc.

Ferdus:
DeFi is really changing our relationship with money. What do you think about DeFi? Is it really can replace DeFi ?How can we sure that our data is totally safe and secure? How can we sure that there is no chance of Data manipulation?

Neo:
Unlike Napster, Limewire, and other previous peer-to-peer network that are/were free, POP leverages blockchain technology to permit reward allocations to be transparent. Great question!
I see lots of security questions so this will be the final one I take. The POP Network takes security very seriously. That is why the tokens you buy can be sent to your ERC-20 wallet of your choice.

When the third-party security audit is complete, we will announce it in our channel. That's coming soon!!

Thanks for having me here and I hope to see you in our channel!

— AMA CONCLUDED —

Follow POP NETWORK here for the Latest Updates…
💎 POP NETWORK

Website:https://thepopnetwork.org/

Telegram: https://t.me/popnetwork

Twitter: https://twitter.com/_popnetwork?s=09
Instagram: https://www.instagram.com/_popnetwork/

Facebook: https://facebook.com/thepopnetwork.org

Linkedin: https://www.linkedin.com/mwlite/company/popnetwork

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CRYPTO MINERS
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