AMA Recap: CRYPTO MINERS X SHOEFY

ShoeFy is an innovative decentralized platform that combines Non-Fungible and Fungible Tokens (FT). The ERC-721standard digital shoes will be referred to as sNFT and its ERC-20 standard Fungible Token as $SHOE. Users can gain exposure to the market by holding their unique digital sNFT empowered by FT $SHOE token, boosting the potential of a higher passive income through staking and farming rewards. Users will have the opportunity to mint various classes of sNFT (common, rare, unique, epic, legendary and mythic) and resell them in the secondary market. In addition, the sNFT holder will also have the option to stake their assets in the ShoeFy staking pool or become a Liquidity Provider in the ShoeFy liquidity pools and earn additional incentives.

We hosted an AMA session with ShoeFy on 18th March.

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

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Segment 1️⃣: Introduction

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

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

Michal:
Hi everyone happy to be here today!

Ramsy:
Hello there 👋

Welcome here
Thanks for bringing Us ShoeFy ❤️

Michal:
Hello everybody pleasure to be here thank you for everybody for joining.

Ramsy:
How are you doing today mate?

Michal:
Doing good thanks for asking

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

So let's get started if you're ready!!

Michal:
I am very much ready let’s get going

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

Michal:
ShoeFy is an innovative decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). It is a futuristic NFT project that utilizes cutting-edge DeFi tools to maximize returns. ShoeFy can amplify the NFTs potential by including both farming and staking to generate passive income.
ShoeFy has got two tokens, $SHOE the native Fungible Token and sNFTs (ERC-721) which are randomly generated on-chain. Each NFT is an algorithmically programmed unique digital pair of shoes on the platform.

Ramsy:
Thanks Michal for this well 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?

Michal:
Shoefy is one of the early adopters realizing that the NFT and FT combination will provide greater utility and innovation. There are very limited platforms in the market as of now. Shoefy has a vast potential to scale and expand, integration to metaverse, and gamification. Its innovative and contemporary approach of combining the NFT and FT, provides the opportunity to earn passive income whilst enjoying the collections. Like play to earn is taking the storm, collecting NFT and earning will be the next thing. And shoefy will be pioneering in this space.

$SHOE token will be utilized as the native token to add Utility to NFT via staking, farming and LP which generates the passive income.

$SHOE token will be used for the Governance, DAO.

$SHOE will also be used as the entry ticket to the ShoeVerse (metaverse of shoefy platform) and at the later stage for incentivizing in the play to earn game such as shoe battles, shoe contests and shoe fashion show.

$SHOE will be used as the SWAP fee for the NFT SWAP.

$SHOE token is required to be paid for minting/farming new shoe NFT in the shoeFy platform.

We are currently in the process of building our own play to earn racing game which we have just revealed recently in our channels. The community has already shown a very large extent of interest and we can’t wait for our NFT mint to be live in order to give our community a chance to mint a Genesis sNFT which receives a guaranteed rNFt (Race Car NFT) airdropped to their wallet which is worth 0.2 ETH!

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

Michal:
The project is led by a team of experienced blockchain venture capitalists, creative NFT developers, and top-tier marketing experts spanning from Europe to Canada and onto South Korea & Thailand in SE Asia. Our team members share common goals and foresee a huge opportunity in the NFT and DeFi market space. In terms of their backgrounds, some of them are founders of creditable VC firms and also marketing experts. Other members have experience in reputable crypto projects and exchanges. Also, we have boarded a tech team of superior talent building our platform.

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

Michal:
There are 10,000 unique sNFTs which are programmatically generated on blockchain with different degrees/attributes of rarity in their characteristics. It is stored in the ERC-721 token standard on Ethereum blockchain ecosystem. $SHOE is the native token of ShoeFy platform. It is an ERC-20 standard token which has a maximum supply of 100,000,000 $SHOE.

$SHOE token will be utilized as the native token to add Utility to NFT via staking, farming and LP which generates the passive income.

$SHOE token will be used for the Governance, DAO.

$SHOE will also be used as the entry ticket to the ShoeVerse (metaverse of shoefy platform) and at the later stage for incentivizing in the play to earn game such as shoe battles, shoe contests and shoe fashion show.

$SHOE will be used as the SWAP fee for the NFT SWAP.

$SHOE token is required to be paid for minting/farming new shoe NFT in the shoeFy platform.

Ramsy:
Moving 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 ShoeFy If possible could you please share road map with us.

Michal:
We have started working in executing on our roadmap long before our launch, right now we are in the development stage of developing our play to earn game which is going to be a very large breakthrough for the GameFi space. ShoeFy has a long-term vision to innovate and evolve over time. ShoeFy will tap into the different ecosystems of Gaming, Collectibles, and establish a presence in the metaverse, with digital kicks that are unique. Later this will lead to expansion to different other merchandise, partnering with reputable fashion brands. We are just going to be launching our Genesis sNFT on the 25th of March, this will give the users the unique opportunity of participating in our ecosystem by becoming a sNFT holder.

Ramsy:
Thanks Michal for this well detailed introduction about ShoeFy:)

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!!

Michal:
Yes I am let’s proceed

Segment 2️⃣: Twitter Questions

Ramsy:
1)ShoeFy mentioned that the 1st Generation of sNFTs will consist of 3,000 GENESIS SHOES. When will be the sale of the 1st generation of sNFTS? What utilities and accesses can we get by holding sNFTs? What can we use it for aside from it being a wearable shoe on the metaverse?

Michal:
The sale of our Genesis NFTs will start on the 25th of March with our initial private sale being available. The Genesis collection is very unique because it gives the user is the rights to enter the Shobers enter our plate Warren game and receive an exclusive 1+ 1NFT with their mint. Users will be able to receive a race car NFT which they can use with the shoefy racing game that is coming in Q2

Ramsy:
2) While researching your platform, you have mentioned that, Shoebeasts mint sNFTs and resell them in the secondary market OR stake their sNFTs on the ShoeFy platform to earn passive income. How much incomes have the got actually? Or If we stake how much will we get as reward?

Michal:
The way passive income will work within the platform is that each minter or holder of a sNFT can stake their NFT within our platform to earn passive income. The APY will vary based on the rarity of the sNFT they hold. So the higher the rarity the greater the rewards they receive!

Ramsy:
3) ShoeFy ultimate goal is to improve the existing state of the NFT industry by implementing various new concepts. Can you elaborate on the unique ideas you want to implement? And why do you believe the NFT market’s current state requires an improvement?

Paras:
Hey Miners,

Paras this side, Marketing Lead at ShoeFy

The lack of liquidity and utility for NFT is serious and doesnt exist.

New NFT traders come in lured with profits from flipping. But many users struggle from liquidity if they urgently want to cash out or rent their NFTs for passive income.

There is no DeFi mechanism for NFTs

This is where ShoeFy comes into picture

Michal:
And we have the goal of creating a utility level of utility for the existing NFTs, with shoefy we are aiming to introduce a revolutionary approach to NFTs and give everybody a very interesting opportunity which is not yet available in the market. We are at the forefront of innovation here.

Ramsy:
Welcome here mate 🤝

So moving on...

4) ShoeFy has several tribes associated with the elements fire, water, earth and wind, but what are the differences between the tribes and what is the importance of the element within the tribes? A user can be a member of the four tribes if he has 4 sNFT of the ShoeFy project?

Paras:
Understanding on the Elements first we would like to share how we came up with the NFT collections

ShoeFy sNFTs are from a collection of 10,000 sNFTs (shoeNFT) designed by hand, consisting of various layers to form a unique digital shoe. The collection is spread across four elemental concepts of Fire, Water, Earth and Wind, which are represented by the characters Phoenix, Whale, Taurus and Pegasus respectively. The 10,000 elemental shoes are subdivided into Common, Unique, Rare, Epic, Legendary and Mythic (God, Devil, Alien) where, the more extreme details they have, the rarer they get.

A user can be member of any ShoeTribe. holding any of the elemental collection out of 4.

But if someone has all 4, The perks of holding are greater with the rarer NFTs you hold

This will essentially usefull in our Metaverse - Shoeverse

ShoeFy is not just another NFT project

We are here to disrupt the Digital + Physical Fashion
Metaverse
Play 2 Earn and Create 2 Earn industry

Michal:
The ancient tribes are the genesis creator of the narrative behind the shoefy nfts. Having come from the spawn of earth, each of the shoefy nfts posses a very unique utility and value for its bearers.

Each elemental gives users unique features within our play to earn game and allows them to utilise the benefits of the tribe in our play to earn game.

Ramsy:
5) Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships and what everybody stands to gain from these partnerships?

Here is our last question from twitter

Paras:
Amongst our Recent Partnerships Polygon Studios is the latest.

We have several partners like Arcade Network, Supra Oracles, Chainlink, Gate, Babylons, DeFi 11 to name a few

https://medium.com/@ShoeFy/shoefy-joins-partnership-with-polygon-studios-845f7e4c5961

While some partners help us with the Technical Part, we are also aiming to launch Physical NFT claimables with various fashion brands and collaboration with our partners in coming months

Michal:
And many more partnerships with reputable INO pads are coming!

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

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

Shall We Go guys?

Paras:
Excited

Michal:
Let’s get to it

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)Lợi Nguyễn:
Do you have AUDIT credentials or are you working to AUDIT your project, to make it more secure and reliable?

Michal:
Security is our top priority, therefore we are going to be using a reputable third party audit firm to audit our smart contracts before we launch our product. We have made it a vital requirement to pass all the rigorous assessments of third party auditors, and ShoeFy will not launch unless we pass the audit.

In regards to the incentives, it comes down to our unique selling points of bringing revolutionary innovation to NFTs, where we are merging the utility of DeFi with collectibles; NFTs. This has not yet been seen in any other NFT projects are we are proud to be the first ones to introduce it to the market, hence that is why we emphasise the security and reliability of our platform.

2) 💠 Ada Atalay 💠:
What problem is SHOEFY trying to solve, also Cryptocurrency of investors and users?

Michal:
The reason we have created two tokens is that we have an NFT and an FT which are working together in perpetuity.

The NFT which will call the ShoeFyNFT = sNFT will be a good looking NFT which has got the possibility to be staked in the ShoeFy platform and the holder of the NFT will receive sNFT staking rewards paid out in $Shoe! But fear not, the $Shoe token will be capable of being NFT Farmed! A new concept ShoeFy is bringing to the NFT ecosystem, where the $Shoe tokens will be time-locked in a farming pool and as a reward, the staker will receive the sNFT at the end of the staking period. This is great because it decreases the current circulating supply and makes the token more valuable

3) Shamseer:
The blockchain gaming industry is such a competitive one with very many other games available what makes @ShoeFyio games unique ?

Paras:
Games from even leading Metaverse project lacks availability on Multiple platforms and Graphics

Thats why Our first game we focused on a racing game which is loved by all with unique realistic 3D graphics

The differenciation parts are 2 actually

1. It will support Mobile - IOS and Android, Web support and Desktop App ( both windows and Mac)
2. P2E - with 2 modes -

i. Wager modes where group of online players can pool in money and winners takes it all
This is a unique concept and shall be loved by aggresive players especially who like to bet money and are good with their Keys

ii. a tournament mode for Top Gamers with rewards, merchandise and regular and exciting tournaments at all times

3. In game Marketplace

Where people can buy Boosters NFTs which will burn after use giving different powers to cars incliding Nitro speed and Transformation to robots and destroying the opponents in the way🤯

4) Mia:
For any crypto project, 1% of its success comes from the idea itself. 99% comes from execution. I have seen many projects fail due to lack of expertise & understanding of how the cryptosphere works. Does have the qualified team needed to fulfill all your goals?

Paras:
In my 4 years into crypto as an advisor to leading projects and previously with various MNCs and F1 Grid Marshalling where Mistakes cant happen, even then achieving perfection is the prime goal, but hardly possible at all times.

The idea should always be to avoid unexpected events and keep your A Game and vision clear, which I can proudly say ShoeFy has all the checkboxes

5) Mia:
Where can I currently buy Token?

Michal:
Pancake swap

6) ANÎSH MURALI:
Can you tell us some of the latest achievements made by the Project ? Can you describe in details the current development efforts, such as market expansion plans, expected applications & new upcoming program of events?

Michal:
We consider the run up to our play o earn game be the best achievement since our sNFT mint is finally coming on the 25th of March for the private sale, it has been a very long journey to perfect our product and get it to this stage

7) Mia:
Can you tell us more about your vision and mission that your project is focusing until end of this year?

Paras:
Within few months since our launch we have oboarded several developers and keeping our promises to the community.

We are also one of the fastest teams to launch a game within 3 months since we started working on it. So yeah, on team side also we got it covered.

*This segment ends here*

Paras:
It was sincerely an Amazing set of questions and an exhausting one.

If you have doubts feel free to follow us on Discord and Telegram, we will be happy to take more such questions 🤗

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

Time To Conclude Our AMA Section

Is there anything else you would like to share or you want us to know ?

Paras:
Thanks for giving us an opportunity to be here.

As mentioned we are hosting our whitelisting campaign now and if someone is genuniely interested to be a Pre Sale participant please join here - https://www.shoefy.io/whitelist

You will have a chance to mint the Shoe NFT (sNFT) and get 1 free Airdrop of Car NFT on a discounted price till 31st March

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

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

Website: https://www.shoefy.io/

Twitter: https://twitter.com/ShoeFyio

Telegram: https://t.me/ShoeFy_Official

Medium: ShoeFy

Reddit: https://www.reddit.com/r/ShoeFy/

Discord: https://discord.com/invite/n3zbkzC4