AMA Recap: CRYPTO MINERS X EPIK PROTOCOL
EpiK Protocol envisions building a decentralized KG using blockchain technology with trustable storage, incentives, governance and financial capabilities; this creates a trusted, multi-party collaboration platform where all trusted contributors are rewarded fairly while preserving human knowledge at an affordable rate permanently, expanding the horizons of today’s AI, and will usher in the era of cognitive intelligence.
We hosted an AMA session with Epik Protocol on 3rd December at 10:00 AM UTC.
Mr. Ramsy was the host from Crypto Miners and Mr. James from Epik Protocol was our guest. He shared delightful knowledge and unique features of Epik Protocol.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With EpiK Protocol
Thank you all for joining us today❣
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr. James , Welcome to our community 🤝
Hello There 👋
Glad to see you here ,
Thanks for bringing Us EpiK Protocol❣
Thank you !
I'm pretty sure that our AMA participants are very much excited to learn more about EpiK Protocol, so let's get started if you're ready
I am ready!
So here's our first question from this segment....
1. Could you briefly introduce about yourselves as well as your project?
I am James Lim, CEO and co-founder of EpiK Protocol
EpiK Protocol (EPK) is the world’s first decentralized storage protocol for AI empowering Metaverse. It aims at organizing global community members to work together at an extremely low management cost and continuously produce high-quality training data that can be jointly built and shared in a decentralized manner to make AI more intelligent and make Metaverse more real.
Nice to meet you 🤝
Thanks for the brief introduction about Yourselves and EpiK Protocol,
You are welcome.
Now let's hear more about EpiK Protocol 😇
2. What makes the EpiK Protocol stand out more than the projects in the same direction at the moment?
Compared with Felicoin, EpiK Protocol has ability to generate AI data which is valuable high-quality effective data continuously.
Compared with traditional AI annotation tools, EpiK Protocol has better incentives to make the cost of AI data annotation 10 times cheaper.
That's impressive 👌
3. Who are some business partner/clients for EpiK Protocol?
These are all our partners: Open Knowledge Foundation, SingularityNET, Ocean Protocol, Chainlink, Tsinghua University, OpenKG, iMerit, OpenSLR, DataUnion, CSAGI, OASIS, Nexusguard, you can view more information about our partners on our website: https://www.epik-protocol.io/
4. What are the memorable milestones of EpiK Protocol in the research and development process?
There are a lot of memorable experiences. lol
In August 2020, the EpiK Protocol test net 1.0 was launched and we have finished 5 rounds of updates.
In April 2021, EpiK Protocol completed strategic financing of 8 million dollars and the first AI data crowdsourcing GameFi Knowledge Mainland was launched.
In June, we started a strategic partnership with Ben Goertzel, the world’s famous AI expert. He became the chief consultant of EpiK Protocol. Besides that, we issued our first round of NFT-knowledge badges on MOONSWAP.
On August 15, EpiK Protocol mainnet was officially launched.
In November, EpiK Protocol LP mining was launched on PancakeSwap.
In December, Human: Memento, a won project in EpiK Protocol Grants Program was launched.
This is one of the most important things of EpiK Protocol in December.
Human: Memento’s official website was launched yesterday: https://human.game/
Alright, now let's see our last question from this segment...
5. What does EpiK Protocol plan to do to attract more users in the upcoming time?
1. We are cooperating with EternalNFT.IO to build free and even rewarded decentralized storage services based on EpiK Protocol to store valuable B=NFT data in Ethereum/BSC. This is really attractive, right?
Look, this is the product prototype of EternalNFT.IO.
Here you can get more information: https://epikprotocol.medium.com/either-worth-millions-or-worthless-it-really-matters-where-nft-is-kept-ff10bf96b0b7
2. The current hot point is Gamefi, and Human: Memento is a Sci-Fi play-to-earn NFT game designed to provide the users with a fun experience by collecting Explorers and Time Machines to travel back to the past eras searching for $EPK, it is a won project in WAVE I of EpiK Protocol Grants Program. Its official website was launched yesterday: https://human.game/
The beta test will be launched tomorrow. It enables you to pay back in 10-20 days. Hurry up to sign up for beta test, just enter your bsc address: https://forms.gle/4thh5iRZV9BEeY1Z6
To get BSC-EPK, you can directly buy on PancakeSwap or you can cross through polybridge. We launched LP mining on PancakeSwap last month, and the current APR is almost 200%, so it is recommended to start LP mining on Pancakeswap and here is a tutorial for you: https://epikprotocol.medium.com/tutorial-how-to-start-mining-epk-on-pancakeswap-57a05deba144
Thanks for that well detailed introduction about EpiK Protocol🤝
That's the wrap up our the first part of the AMA session✅
Let’s now proceed to the Twitter Questions section,
i hope you're ready for that!
Yes, I am ready.
So here’s first one from twitter:)
Segment 2️⃣: Twitter Questions
1) Epik Protocol allows the public to run the project's nodes under the "Knowledge Node" program. What is the recommended machine configuration and system requirement for me to actually run Epik Protocol's node?
System requirement of machine: EpiK Protocol supports operation on Linux and macOS systems but does not support Windows systems. Besides, it needs at least 8 GB RAM. If your computer is a Windows system, you can use the Ubuntu 18.04 system to operate.
Recommended machine configuration: 8 core, 16G 250G SSD, exclusive 5M bandwidth, independent public network IP
If you own machines, you can go to the following link to view the tutorials and access the mining machine for mining. Click “9527-epik_install-en.pdf” in: http://www.itemtry.com:8081/
If you don’t have your own machine, you can consider renting cloud mining machines or renting a cloud server by yourself and building a knowledge node.
And if you have any questions about our projects, you can refer to this FAQ: https://docs.google.com/document/d/189iu-8AlPlFUA8lRVGdYCiybO4IqRQ5nqrzWDpM7HhM/edit#
2)Most NFT projects only supports NFT assets that are created on their platforms. For Media Eye, do you cater NFTs outside of your premises? Is there a limitation in term of NFT deposit and withdrawal on your platform?
EpiK Protocol is not just an NFT supporting project, NFT is a component of EpiK Ecosystem. Our first issuing NFT- knowledge badge can be swapped on MOONSWAP, and we will launch our second GameFi with new NFTs which can be swapped on BSC.
Besides, EpiK protocol supports a NFT storage projects through Grants Program.
It is EternalNFT.IO and it enables users to storage NFT eternally for free and even rewarded.
NFT metadata will be recorded on an NFT distribution network such as Ethereum or BSC, and NFT visuals/video/audio, etc. are permanently stored on the EpiK Protocol, an eternal storage protocol built on the IPFS protocol.
3) Nowadays ppl prefer short term holdings,almost more dan 80% investors jus focus on price of token in short term instead of understanding the real value of d prjt,Pls can u tel us the motivations nd benefits for investors to hold ur token 4 a long term?
We live in the Information Age and high quality data is always vital for any individual and company.
While holding EPK enable our users to access to high-quality data which is contributed to creating ever greater value at an extremely low cost and even for free. In the current state, AI companies are lacking high-quality data to design smarter AI and have a great demand for our data.
Besides, as a data-labeling project, we can help companies in walks of way to collect data.
The capital of the AI market is 3 trillion dollars, and it doubles every four years. 30% of the new investment in the AI industry is used to label data, and the proportion of investment maintains an annual growth of more than 20% per year. Holding EPK means that you hold the dividend right on the EpiK Protocol chain.
Thus, the future of our project is not just connected to the development condition of blockchain, the demand for our high-quality data is from the whole AI industry.
I the long term, the value will inevitably continue to grow.
4) I read you decided to built EpiK on a Filecoin Layer2 storage network. Could you tell us why FileCoin will be benefitial for EpiK? Why did you decide to use this storage network and not other like VeChain or Dash that are consider to be its competitors?
Filecoin is the most mutual storage chain, so we choosed FileCoin rather than VeChain or Dash. The EpiK protocol' technical solution was adapted based on Filecoin's Lotus. We utilized Filecoin's PoRep(Proof-of-Replication) and PoSt(Proofs-of-Spacetime) to guarantee the equitability of storage device inputs and outputs, and eliminate problems such as SOME(Same Origin Method Execution) attacks.
5) What use cases or challenges are you trying to solve?What is the next goal of #EpiK Protocol ?
Here's our last question from twitter
EpiK Protocol aims at organizing global community members to work together at an extremely low management cost and continuously produce high-quality training data that can be jointly built and shared in a decentralized manner to make AI more intelligent and make Metaverse more real.
Our next goal is the launch and successful operation of Human: Memento, a won project in wave I of EpiK Protocol Grants Program. And I am glad to share with you that it launched successfully on Dec.2, and the beta test is started today, fill this form and you can get the quality to play the bate version: https://docs.google.com/forms/d/1zQErgFUeZqbSBuGSl_9FnnEeccnCtydyz5DXqj5uiWw/edit
Thanks Your Valuable Answers❣,
And that's the end of our twitter question segment
Now Moving on to our last segment - Live Q&A,
Shall we go?
Let me remind the rules for participants...
Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)
1)Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?
You can swap on Mexc, Unisawp, PancakeSwap, BitMart, BHEX, and AOFEX.
2) Do you have any plans to add Nft’s to your ecosystem as this is the hottest topic in the crypto space?
Of course, Human: Memento is our supporting new Gamefi. It enables you to pay back in 10-20 days. And we will also issue NFT, if you draw a character in 5 stars, you can sell it at 100 times the original price. https://human.game/ and you can take part in the bate test: https://docs.google.com/forms/d/1zQErgFUeZqbSBuGSl_9FnnEeccnCtydyz5DXqj5uiWw/edit
3) Are you planning to burn tokens to increase token value and attract investors to invest? So, what are your future plans with Tokens?
Yes , and we have burnt it in September. The total supply of EPK is 1 billion, it will be released all within 50 years after the launch of mainnet.
Found team: 5%, the total amount is 50 million, it will release 1/16 per 90 days after the launch of mainnet.
Foundation: 5%, the total amount is 50 million, it will release all within 2 years
Investor: 20%, the total amount is 200 million, it will release 1/8 per 90 days after the launch of mainnet.
Miner: 70%, the total amount is 700 million, it will damp per 90 days after the launch of mainnet and it will release all within 50 years.
4) IS This Your project only for elite investors, how about others with small funds, is it open to everyone?
Of course, and you can participate in EpiK Protocol LP miming on PanckaeSwap. The current APR is almost 200%, and here is a tutorial for you: https://epikprotocol.medium.com/tutorial-how-to-start-mining-epk-on-pancakeswap-57a05deba144 You can also join our GameFi「Human: Memento」, it will bring you with satisfying rewards.
*This segment ends here*
Thankyou so much For your valuable answers and information about EpiK Protocol,
It Was Pleasure Hosting An Ama With You 🥂
Is there anything else you would like to share or you want us to know ?
Thank you for having me
Best of luck to the Epik Protocol 🚀