AMA Recap: CRYPTO MINERS X ONPLANET

onPlanet is a dApp for crypto enthusiasts and influencers to connect and grow the crypto industry. It’s a launch pad, an incubator for building teams and projects for raising funds and launching Creator Tokens. It’s a connected, social hub for thought leaders to emerge and brands to monetize.

We hosted an AMA session with onPlanet on 23rd February.

Mr. Ramsy was the host from Crypto Miners and Mr Rash was the guest. He shared delightful knowledge and unique features of onPlanet.

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Segment 1️⃣: Introduction

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Ramsy:
Hello everyone 👋 and welcome to the Crypto Miners AMA session With onPlanet

To help us learn more about the featured project of this AMA session, we are lucky to be joined By Rash

Rash:
Hello everyone! I’m glad for the invitation to answer your questions.

Ramsy:
Hello there 👋

Welcome here mate
Thanks for bringing Us onPlanet ❤️

Rash:
My pleasure :)

Ramsy:
How are you doing today mate?

Rash:
Doing great. We’re excited to be able, after months of development and testing, to finally be able to pick our heads up and share what we’ve been doing.

Ramsy:
I'm pretty sure that our Community is very much excited to learn more about onPlanet ✌️

So let's get started 🚀🚀

Rash:
Excellent. I was lurking in the chat earlier and you’ve got a really good group here. I’m ready for it!

Ramsy:
First of all Please give us a brief explanation about 'onPlanet' .What popped up in your mind to create such a platform in this Space?

Rash:
onPlanet is a social crypto platform utilizing a model similar to the way start-up capital is generated in Silicon Valley.
It’s based on our previously-built and deployed social media platform to create a purpose-driven community for crypto entrepreneurs, teams, and creators to market their brands and projects, find talent, build teams, and seek mentorship, and offer subscription-model based liquidity pools to finance their projects. Creators can also issue NFTs that offer perks and rewards.

Ramsy:
Thanks Rash for this great start about onPlanet 👌

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?

Rash:
We’ve probably thought about that question more than any other during our development process. And the answer comes from our team’s personal experiences in the crypto world. As we all know, the journey from novice to expert can be long and frustrating and you spend most of your time searching disparate places for what should be a simple explanation or example, so...

onPlanet is designed for both the person new to crypto and the expert. It will allow the new user to come to the crypto world in an unthreatening, social way and learn how to safely invest, as well as experience all that Web3 can offer. Users can learn, build a following, create a brand and launch their own project token, as well. onPlanet is a social, informational and wealth creation tool all in one space. Great for the individual, creators and teams to come together and build together

Ramsy:
Q3) How has the experience and background of your team been effective in the success of your project so far?

Rash:
We’ve been managing a platform that tokenizes content in a centralized environment for over a decade - and our team is filled with dedicated, brilliant and imaginative people with backgrounds in everything from development and media to security and the law.

We hold two patents concerning PKI (Private Key Infrastructure) and Cyber Infrastructure and currently implement tokenized asset management in enterprise/centralized environments.

Every member of our team believes that crypto is the future - and we're currently working to transpose our products away from datacenters and into the blockchain. But, the platform as-is wasn't perfectly suited for social media; it's more content-focused and less people-focused (it's built for sharing papers, data, case studies, etc.). So, we're fine-tuning the front-end to be more like familiar socials, while adapting the back-end functionality to work with smart contracts and blockchain rather than SQL databases and data centers.
Essentially, our patents were designed perfectly for the crypto environment and once we put them into the market, we're going to be able to have a big impact on many sectors.

Ramsy:
4) Now Share us about your Native tokens, What are the some of utlities of $OP in Your Ecosystem? And if possible share to us the Tokenomics

Rash:
We have chosen 2 models of tokenomics, actually. :)

The onPlanet, OP, will begin its life as a hyper-deflationary token, meaning we have a buy-back and burn model. Some of you might be familiar with EverRise, who pioneered the model. I was a Day 1 investor in EverRise and chose that model for its amazing benefits to early, long-term investors.
Each transaction is leveed a small fee. in our case at %10buy/%10sell.
A portion of each fee is sent directly back to the investors as "reflections". Another portion goes to the Liquidity Pool. This means, the longer you HODL, the more reflections you receive and the faster your wealth can grow.
I truly believe this is a great model because it rewards most those investors who believed in your project from the beginning.

In phase 2 of our token life, we'll move to a buy-back and stake model. This will have essentially the same rewards for investors buy will have less impact on our liquidity pool. Not to get too technical, but it will allow the price to move more freely, and substantial rewards to continue to flow to our investors.

Ramsy:
Cool

Let's move to our last question from this segment

Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from onPlanet? If possible could you please share road map with us.

Rash:
Sure. As I mentioned earlier, the social and content management engine of the new onPlanet dApp is already complete. We’re currently spending some time refocusing it for the crypto web3 environment. We want it to be something unique in the space. And, our team loves to build for the future, so you can be sure you’ll be seeing lots of new functionalities incorporated into the upcoming dApp over the weeks and months ahead. Our current roadmap is for the social and the initial functionalities of project funding to rollout in Q2.
We should have some teasers dropping in our telegram and in our advertisements in few days. We have a huge marketing campaign planned which will contain some surprises. So keep an eye out!

Ramsy:
Thanks Rash for this well detailed introduction about onPlanet:)

And that's the wrap up of our the first part of the AMA session ✅

Let’s now proceed to our Twitter Questions section

i hope you’re ready for that!!

Rash:
I am! Let’s go!

Segment 2️⃣: Twitter Questions

Ramsy:
1) My fund is very precious to me and I am concerned about the Audit level of this project. Have you Audited and even rechecked before launching on the exchanges and which Audit company is responsible for this?
How many Team do you have I can see few?

Rash:
Security is always first in our minds. Always.

We have spent countless hours unit testing every possible scenario and threat vector. We have received our Audit finalization from Certik. And, if you’re in the crypto space, you know that a Certik audit is the absolute gold standard.

We have KYC’d with PinkSale, as well, and having that badge makes investors feel much safer. We also utilize time locks and multi-signature Gnosis safes to prevent unauthorized access. I think those things will make a big difference to how investors – and the market in general feels about us going forward.

We’re launching on the BSC to capture the energy and volume, but we’ll be deploying to other chains and exchanges, as well - as we want to establish ourselves as a real force in the entire crypto space.

Ramsy:
2) Almost 3/4 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?good Project

Rash:
That is certainly true.
And 3/4 of the crypto projects that focus on that fact will fail.

For us, the long-term success of onPlanet drives every decision we make.

We have spent years developing software for the Public and Enterprise sectors – who have incredibly high standards - and we bring the same long-term vision to the crypto market.
We are not in this to pump and dump on our own investors.
We have a vision of how our product could be an on-ramp for average people to safely come to the crypto world in a social environment, and for experienced crypto people; creators and teams to build wealth, grow their brands and share their expertise.
This is a journey, not a sprint.
And, while our investors will see great returns both in the short and long term from our hyper-deflationary and staking tokenomics, at the end of the day we are a tech company offering a token, not a just token offering a dream.
We intend to build something revolutionary in the crypto space.

Ramsy:
3) I've noticed that OnPlanet has a significant partner project as mentioned on your website, which is the "Token Minds". Would you please explain to us your project's relationship with Token Minds?

Rash:
The partnerships we are working on right now include those that directly benefit the token launch and include brands like TokenMinds, who is one of the best PR companies in crypto, and Flooz who helped us get the onPlanet Swap up and running, so that our investors could use fiat, Apple Pay or Google Pay to purchase their OP tokens right on our website.

We are also in discussions with several crypto companies for feature compatibility and chain interoperability, but we're not prepared to announce those at this time. And, as a crypto combinator, we are always interested in exploring new partnerships.

We also have a very strong business development team in Los Angeles who have been exploring bringing on some very big names and events, but you’ve heard all that before in crypto, so I’ll just let that happen and tell when and where to show up for the party. Lol

Ramsy:
4) I see that one of the main feature of OnPlanet is its "Off-Chain HyperBurn". Could you tell us its benefits and advantages towards the economy and valuation of a certain project's token? How would you unique burning mechanism help increate token's price and value?

Rash:
Hyperburns are unique to onPlanet.

We wanted a way, aside from our Grant Program, which we'll be announcing soon, to reward OP holders who also utilized the dApp as part of their social or development life.
When dApp users or the dApp itself achieves certain milestones (e.g. # of users, subscription level, token launch, etc.) we will initiate a massive burn of OP tokens which will decrease the supply and - along with our regular buy-back and burns will help create an always rising price floor.

Ramsy:
5) I see that OnPlanet is deployed under the BSC networks. While being a launchapad platform, would you be considering adding more chains and networks to expand the capacity of the projects who wishes to work with you in the future?

Here is our last question from twitter

Rash:
We chose the Binance Smart Chain as our OP launch destination to capitalize on the energy, volume and knowledge of the BSC investors. From the response we’ve be getting, I think we’ve chosen well.

And, as I mentioned earlier, as our token progresses, we will move away from the buy-back and burn model and into a buy-back and stake model and then explore other chains such as Eth and Poly.

Also, by removing the reflections in Phase 2, we’ll be perfectly suited to list on major Centralized Exchanges, as well.

Ramsy:
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment

Rash:
That was great. What next?

Ramsy:
Now Moving on to our last segment - Live Q&A

Shall We Go?

Rash:
Absolutely. Let it roll.

Ramsy:
Let’s go

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)Tony Tony:
Do you have any NFT plans and its integration ahead in the roadmap? Also do you have any passive income options and incentivization reward for a long term hoder?

Rash:
onPlanet is perfectly suited for NFT creators and investors. It is a place where Artists and NFT teams can collaborate, spread brand awareness and attract or find the talent they need to create and deploy a project.

onPlanet itself utilizes NFTs in a different way, as a real time permissioning methodology. That's a little look behind the scenes which we'll get into more in depth when we release our Technical White paper.

As for passive income, hyperdeflationairy tokens are one of the best way to get passive income. Get in early and get in big and you can reap massive rewards for just hodling. :)

2) Shihad K:
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?

Rash:
You’re right. It’s a HUGE problem.

To combat this, we have utilized the following measures in our smart contract:
Anti-Sniper - Protection during liquidity pool creation and the first minutes of launch
Anti-Bot - maximum transactions per block during launch and a %33 tax on 3 or more transactions for a 24hr period
Anti-Dump - transactions exceeding %0.1 of supply are rejected.

We also have randomized the buyback and burn mechanics so that it will not be susceptible to exploitation.

3) Irene:
onPIanet have 10% transaction fee. Please explain us about incurring 10% of transaction fee. It is too much for the users. Lot of pIatforms usually incur 5% fee on a transaction maximumly. Do you think that the onPlanet users will be happy with the 10% transaction fee?

Rash:
As a holder of OP, %5 of that goes to the liquidty pool for the health of the token.
Another %2 goes directly back to you. :)

Only %3 is used by the team for marketing and development.

This, we believe, can ensure the health of the token, project and keep our investors in good profit.

4) Mangkow:
Ambassadors play a very important role in every project, Do you have an ambassador program? if yes please share it with us.?

Rash:
We are just beginning to explore this. If anyone has ideas on how to bring value to our project, I am always available to listen. You can stop by our chat and if I’m not there, one of the other core team members will be.

5) Which one is more important to you: A.Community
B.Investors
C.Token Price

If all of the above is important to you, which should come first?

Rash:
This is a beautiful question.

To me, our community and investors - and I would include our potential investors - are the entire point of the project. We are passionate about the potential of what crypto and web3 can achieve if people are given simple tools and a safe place to learn how to best use them.

Someone once told me that if you focus on your passion, they money will follow you. I truly believe that.

We’re focusing on our project and the community it serves. The token price will follow.

*This segment ends here*

Ramsy:
Thankyou so much rash For your valuable answers and information about onPlanet,
It Was Pleasure Hosting An Ama With You

Rash:
It’s been a real pleasure chatting with you today and getting an opportunity to answer your questions.
We hope that you liked what you heard here today, and will come join the onPlanet community!

Let's do this again soon!

Ramsy:
We Wish all the very best for Project
onPlanet And The Entire team behind the project ❤️🤝

Rash:
Thanks very much 🙏

Ramsy:
Time to conclude this AMA session

Rash:
See you later!

Community, if you would like to learn more about onPlanet, here are some useful links for you:

Website: https://www.onplanet.io/

Twitter: http://www.twitter.com/onPlanetIO

Telegram: https://t.me/onPlanet

Facebook: https://www.facebook.com/onplanet.io

Discord: https://discord.gg/onPlanet

Instagram: https://instagram.com/onPlanet.io