AMA Recap: CRYPTO MINERS X LASSO COIN
Lasso Coin is based on football game and teams. Now Stop Cheering for Sports Teams, Own and Control Them in Lasso Coin in which Crypto-owned and fan-controlled teams, starting with the English Football League and expanding rapidly. Allow the fans ($LASSO holders) to control ALL ASPECTS
of the teams…from jersey updates and stadium naming rights to key roster decisions and trades and Take back the teams we all LOVE and SUPPORT and allow each one of our $LASSO holders to raise a championship trophy, as an OWNER not a FAN
We hosted an AMA session with Lasso Coin on 23rd December at 2:00 PM UTC.
Mr. Ramsy was the host from Crypto Miners and Mr. Jim was our guest. He shared delightful knowledge and unique features of Lasso Coin.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With LassoCoin
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. Jim , Welcome to our community 🤝
Hello There 👋
Thanks for bringing Us LassoCoin ❤️
Excited to be here
I'm pretty sure that our AMA participants are very much excited to learn more about LassoCoin
so let's get started if you're ready!!
Here's our first question from this segment...
Q1) Can you give a brief explanation about 'LassoCoin' .What popped up in your mind to create such a platform in this Space?
LassoCoin is about disrupting the outdated model where billionaires own sports teams but are focused on profits and not the fans.
LassoCoin is going to buy a near bankrupt English Football team and make it 100% crypto-holder controlled. LassoCoin will save a 100+ year old club on the brink of bankruptcy due to COVID, providing the club with capital to develop into a serious contender and earn a promotion to the Premier League. LassoCoin holders will control every major club decision.
Giving our holders a chance to no longer just cheer for a sports team — they can own and control one!
Thanks James For this great Start 🤝
Now let's see our second question from this segment...
Q2) So what are your main features and advantages that discern you from other projects?
From a community standpoint, I have an open-door policy because, unfortunately, this community has had a lot of fraud. I plan to use engagement and transparency to increase trust. Message me and I’ll address every non-spam question
But our main advantage is -> More than 50% of all English Football Teams are currently for sale, as the pandemic has significantly impacted revenue. Currently, teams rely primarily on ticket revenue and valuations are down sharply from 2019. LassoCoin will be able to purchase a team that was selling for over $30 million just a few years ago for around $10 million.
We’re a group of former investment bankers who found their way to crypto after realizing it is the most efficient and successful way of raising capital from the public in history! So we are skilled at raising $$ and will do so to succeed here
Q3) How has the experience and background of your team been effective in the success of your project so far?
We’ve had a great week 1 so far (on day 8 of project) increasing the number of holders from 7 to 505 so far!
4) Now Share us about your Native token, What are the some of utlities of $LASSO Token in Your Ecosystem? And if possible share to us the Tokenomics
Tokenomics are the following:
20% private sale (locked for 6 months), 20% developer (locked for 6 months), 19% burned, marketing 16%, initial liquidity 15% (locked for 1 year).
5% reward and 5% automatic LP on each transaction
We launched on pancakeswap with the contract 0x71441372df45090BB1A34E3320EeAcA93fb5CE4a
Alright, Now Let's see our last question from this segment...
5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from LassoCoin? If possible could you please share road map with us.
We’ve been developing our community for a while which is why it’s been such a successful launch!
Our roadmap is to purchase an English football team in mid-2022, give it the $$ to become amazing, and let our crypto hodlers control every decision — from choosing the jerseys to the mascot to the stadium
We do intend to move onto other sports eventually like basketball
But we are starting with the English football league because their teams are all going bankrupt right now so there’s incredible potential to buy a cheap team and create a powerhouse!
Thanks for this well detailed introduction about LassoCoin:)
That's the wrap up of our the first part of the AMA session ✅
Excited for part 2!
Let’s now proceed to our Twitter Questions section
Segment 2️⃣: Twitter Questions
1) Pump and dump schemes are becoming a major problem in the crypto space which needs solving, Investors hard earned money going down the drain. Could you please tell how will prevent whales from manipulating the price & ensure the price appreciates?
We have an anti-whale mechanism that’s described in our Whitepaper on our website! LassoCoin.org
We also have locked our LP for a year
Our dev tokens are locked completely (no vesting) until July
We’re creating a 80 year project here. Not an 8 day project. We’ve had a very very successful launch but we’re looking towards the long term here! And hope to find holders who understand our vision and want to be a part of it
2) Talking about the security, As we know Nobody can guarantee the security of Smart contract. But Audit play an important role in finding out the known bugs of smart contract. Can you tell us how strong your security system? Have you done an audit by any third party before?
We completed a third party audit through certix.
On the non-contract side, we’re operating under an open-door policy to establish further trust. I’ll engage with any non-spam DM. We’re a dev team that wants to use transparency to enable trust!
3) Marketing is a central element for every successful project, what is your strategy to attract new users and investors to your project and keep them long term? What is your most trusted feature?
We’re doing a lot of podcasts over the next few weeks with big ⚽️⚽️ guys to spread the word, even beyond the crypto community. Our story is one we think will resonate with a lot of sports fans who’ve seen their favorite team run by a billionaire who doesn’t care about the fans.
We’ve been talking to a few actual athletes about partnerships, as our significant growth this week has helped open some doors for us and get the word out.
We’re also hoping to grow through word of mouth. Our community members are very excited and helping us grow!
Time to take back our favorite teams. LassoCoin will start with EFL and march towards other sports.
4) How does project increase the token’s value, liquidity and utility? So that it can lead to an increase in token prices? What is your plan to make your project stable and provide the highest return for investors in the long term?
100% of all revenue for the team we purchase will go back to our holders
LassoCoin’s focus will be on developing alternative revenue streams to support the club’s growth. In the near-term, LassoCoin will target streaming, jersey crypto sponsors, merchandise, NFTs, and stadium rights to grow the club’s balance sheet.
Long-term, promotion to the Premier League will make our growth parabolic – worth at least $200 million in annual revenue alone – and all profits will be passed back to $LASSO holders.
Jump on the ship — we’re on day 8 at LassoCoin and we’ve got a great journey ahead! ⚽️⚽️
5) To have a sustainable and stable source of income for each project will avoid problems in the construction process and its growth. What and which revenue sources does #LassoCoin and its team use to continue the long -term development of this project
Here's our last question from Twitter.
As we aim to be the first ever crypto holder owned AND HOLDER CONTROLLED sports team ever, there’s so much opportunity grow our revenue through crypto sponsorships.
COINBASE stadium or BINANCE stadium (there’s a few hundred million).
We can call our mascot GEMINI Gary!
The list continues….
This is already spreading on traditional news sites and as we grow, we’re likely to make a lot of news
And grow our revenue in lockstep
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment.
Thanks! Excited for the last round of questions
Moving on to our last segment - Live Q&A
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 currently buy Token?
We listed on pancakeswap:
Additionally, we’ve created detailed instructions on how to purchase LassoCoin on our website LassoCoin.org
2) What kind of partnerships with different projects/platforms/protocols can we expect from future? Could you give us some examples of how other projects can leverage?
We want to partner with athletes and sports celebrities in the near-term to grow. We’re already making some noise in the news due to how our vision has resonated with some people.
We’d like to nail down our first sports partnership in January to get us on track to buy our first team in mid 2022!!
3) Do the token holders have right to the participate in the governance of the project? On what kind of decisions can they vote on about the project??
Holders control 100% of every team decision. From choosing the minor details like the jersey color. To choosing the major decisions like which players we sign!! THIS WILL BE YOUR TEAM!!
4) What is your strategy for building a strong community? Do you agree that the power of community will lead your project to develop globally? What services do you provide to the community?
We’re building a strong community by being engaged as a team. And growing trust by being open. Please please please message me if you have questions. I promise to be the most open developer if you join LassoCoin.
*This segment ends here*
Thankyou so much For your valuable answers and information about LassoCoin,
It Was Pleasure Hosting An Ama With You
It was great to be here!
Is there anything else you would like to share or you want us to know ?
That’s it! Thanks again everyone ⚽️⚽️⚽️⚽️⚽️
Thank you and best of luck for the future 🚀🚀