AMA Recap: CRYPTO MINERS X SPACE METAVERSE

SPACE is a virtual world building the next frontier of social commerce experiences in the metaverse. With a focus on capturing the Arts Industry (Art,Music,Fashion) they have already accumulated 100+ Brand partnerships including White Cube Gallery, Studio Makeup, North 89, Soho Ski Club and many more. Space aims to provide powerful builder tools that allow users to design and create immersive commerce spaces without barriers to make shopping experiences as realistic and fun as physically going to the store. Beyond developing tools that make creating an immersive commerce space easy, Space will also implement powerful tools for selling products and managing orders. Users can share their designed spaces as templates for other people to use for different business use cases.

We hosted an AMA session with Space Metaverse on 16th February.

Mr. Ramsy was the host from Crypto Miners and Mr Felix, Mr Gavin and Mr Vita was the guests. They shared delightful knowledge and unique features of Space Metaverse.

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Segment 1️⃣: Introduction

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

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

Felix:
Hi all, thanks for having us!

Gavin Li:
👋

Ramsy:
Hey guys 👋

Welcome here ❤️
Thanks for bringing Us Space Metaverse

I'm pretty sure that our Community is very much excited to learn more about Space Metaverse ✌️

So let's get started if you guys are ready!!

Felix:
we are here and ready

Gavin Li:
Yep, lets go

Vita Pur:
Yeah let's do it

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

Felix:
SPACE is a social commerce virtual world which enables creatives to make their own virtual store, subscription room or ticketed event. We recently launched our Alpha product, onboarded many partners in the art, music and fashion industry and currently preparing our token sale.

We have various features that distinguish us from other Metaverse projects out there: firstly, we are a commerce focused metaverse on a mission to provide new business opportunities for individuals and our partner companies.

We believe that the Metaverse is the next iteration of the internet and a big global job motor. We are providing the tools that drive commercial value, business opportunities, jobs, and create amazing new social experiences. On top of that, our team has top talent from different industries!

Ramsy:
Thanks felix for this awesome start about Space Metaverse 🤝

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?

Vita Pur:
Let's make a quick list

*Web based and responsive across *Desktop, Mobile and WebXR
*Easy to build (creator tools)
*Easy to monetize (commerce functionality)
*Creator tools for Store, Ticketed Events, Subscription Room
*Onboarding of partnered brands
*Fiat&Crypto Payments
*Commerce functionality V2
*Avatar builder
*High end graphics
and many more…

We also have some cool events coming and big announcements for partners coming this year. You will be able to immerse yourself into those on your phone, desktop AND VR. As for competitive advantage, it really is the amazing team that we put together. We are also working on some cool interoperability features within the DAO governed Open Metaverse Alliance we are building.

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

Felix:
Building a blockchain and crypto driven Metaverse needs a very unique set of team skills from gaming, commerce, blockchain, business and marketing. We are thrilled to have put such a team together and onboarded so many great talents, e.g. from Ubisoft, Call of Duty, Dash, EA, Somnium Space VR and many more. Really, the beauty in building this web3 Metaverse is involving all these different perspectives and skills.

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

Gavin Li:
Our native token is SPCE, which is a payment token to facilitate Space metaverse and marketplace transactions. This includes merchandise, primary NFT offerings and all secondary marketplace transactions.

In addition to payments, SPCE is also a central part of the incentive structure of Space metaverse and interests of all ecosystem participants.

This includes:

1. Governance through staking in DAO for voting power
2. Incentive for the interact-and-earn model and used for in-game operations
3. Subscription to exclusive content and services through staking
4. Used to participate in various community incentive programs and airdrops
5. Funding of ecosystem growth and partnerships

As for token value accrual, SPCE token holders benefit from revenue generating activities that will be redistributed into the Space treasury for token stakers, which includes:

1. Marketplace transaction fees
2. Subscription and access fees to platform services
3. Primary NFT sales
4. Advertising revenue
5. In-game micro-transactions

Ramsy:
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 Space Metaverse? If possible could you please share road map with us.

Gavin Li:
so, we have been developing our Alpha version product for more than 6 months. We currently have the fundamental features live with a long roadmap ahead for the vision of our product.

Many partners in the art, music and fashion scene are being onboarded. Commerce using fiat and crypto payments starting soon.

On the token front, a public token sale will be launching soon for our native token, SPCE. Expect Avatar and Land NFT sales as well in the near future.

A quick list for our roadmap next quarter:

- Creator tools for Store, Ticketed Events, Subscription Room
- Onboarding of partnered brands
- Fiat & Crypto Payments
- Commerce functionality V2
- Avatar builder
- token staking and liquidity mining after TGE
- NFT sales
and many more…

Ramsy:
Thanks Guys for this well detailed introduction about Space Metaverse:)

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

Gavin Li:
Cheers!

Ramsy:
Let’s now proceed to our Twitter Questions section

i hope you guys are ready for that!!

Felix:
excited!

Segment 2️⃣: Twitter Questions

Ramsy:
1) NFTs are undeniably a big deal in the blockchain space right now. There are an increasing number of NFTs being created across a broad range of platforms like music, art, gaming and collectibles. Do you plan to release nft? If yes, When will that happen in the future?

Gavin Li:
Yes we are planning to release a multitude of NFT collections. Starting with avatars that is the main virtual representation of users interacting in our metaverse. In fact, the concept and art design for this is already underway.

Next, being a metaverse, real estate or Land NFTs will be a core component for distributed ownership of a decentralized metaverse project like ours.

Within Land, there will be elements of hosting domains for shops. Think about how shopify stores requiring domain and hosting functionalities in web 2.0 today, Our land will function in a similar way to enable business owners to have their 3D shops hosted

And later on, a multitude of utility NFTs that add commercial value to users and business owners. For example, fashion utility badges that gives discounts to purchases. etc

Ramsy:
2) Hi, how will decentralized metaverses such as Space and others compete with Meta and the others? Will decentralized metaverses be able to keep up with other non-decentralized ones when they have big products such as Microsoft products being used?

Felix:
To put it simple, we believe that the Metaverse is the next iteration of the internet. It will lead the way to an explosion of new forms of social experiences, social commerce, use cases and business opportunities.

I personally believe that the Metaverse will be the next big global job motor. Just think about how many new job opportunities this will create - 3d webdesigners, metaverse influencers and so many more.

So, we are ready to build the tools for everyone to realize their ideas. And being an open Metaverse that rewards people for contributing to a social economy is just such a stronger value proposition than what any of the corporate Metaverse projects have to offer.

Furthermore, together with the other decentralized virtual world projects we plan to create Open Worlds. A community driven open world is the way of the future. A world that is owned by its users, that is governed by its’ users and rewards its’ users is the strongest competitive advantage any company can build. We want to open up our development to external developers as well and reward them through tokens for contributing code to our environment. The future of the worlds is supposed to be defined by its’ community and their needs and desires.

Ramsy:
3) Do you have user manual or short videos that would guide potential users of project to safely navigate your @spacemetaverse platform?

Felix:
We currently have a lot in the marking, mainly focused to release our builder tool and preparing the token sale. Also a new website is being created with FAQs.

As for videos, also those are in the making and we will shortly share them on our website and our social media channels. Please already join our TG, Discord, Twitter for updates!

Ramsy:
4) Do you have a user referral or ambassador programme that we can use to bring in new users? What are the several ways that your project makes income/revenue, and what is its "Revenue Model"? How might it assist both the investor and your project in a win-win situation?

Here is our last question from twitter

Gavin Li:
Referral or ambassador programme is currently in the works, and part of our community incentive program, which uses SPCE token as the incentive mechanism to distribute ownership to as many participants as possible.

Revenue:

1. Marketplace transaction fees
2. Subscription and access fees to platform services
3. Primary NFT sales
4. Advertising revenue
5. In-game micro-transactions

Investors of the SPCE tokens benefit through the way we accrue value from all these exogenous cashflow back to the SPACE treasury, which then redistributes them back to investors who stakes SPCE tokens.

There are many strategies in staking with different lockup period, which serve to better reward longer term believers of our project.

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

Gavin Li:
Great. Thank you!

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

Shall We Go guys?

Felix:
yes please!

Gavin Li:
sure

Ramsy:
Let’s go,

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guests choose some best to answer)

1)David:
IS This Your Project Only For Elite Investors, How About Others With Small Funds, Is It Open To Everyone?

Felix:
As mentioned, we are just preparing our public token sale and of course it will be open to small investors. Shortly after we will also list our token on DEX and CEX, so even more people can easily get SPCE tokens.

But that’s not all. Expect lots of community incentive programs, such as interact-to-earn inside our Metaverse as we want to incentivize a flourishing community and web3 economy
Stay tunes for updates!

2) Suhu suhair:
Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable???

Gavin Li:
Yes, our token smart contracts are audited with no security risks reported by the auditor. Audit completed by Hacken.

3) Moon:
STAKING is one of the long-term strategies to attract and retain users. Have plans on staking your great project?

Gavin Li:
For sure. We have several staking mechanisms planned. There will be:

1. Liquidity Mining Program on several DEXes
2. Native staking of SPCE token with different lockup period and multipliers
3. In-game NFT staking as a form of interact-and-earn for user engagement inside the Space metaverse

4) 👽 Mars Crypto Community 🌔:
We see that NFTs are used in most games in the Gamefi field. I think they will be more successful than the game that makes the best use of NFT technology. Will the Space Metaverse team be able to create the highest quality and most valuable NFTs?

Felix:
As Gavin explained in the previous questions, we have a complex setup for NFTs.
We believe that the NFT boom is just the beginning as use cases and business models unfold. We want to help leading the way. Our first NFTs will be Avatars that you can use inside Space. Those avatars as well as other NFTs we are preparing can be considered utility NFTs - goods, items, badges that provide value in the Metaverse, e.g. equipping your character with cool clothes, asseccoires, education certificates or membership passes.

Furthermore, we are planning to combine NFT staking with gamified mechanisms that only rewards users that really contribute to the growth and well being of the whole Metaverse.

5) 𝐿𝑖𝑧𝑎 𝐺𝑎𝑚𝑚𝑎:
Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

Gavin Li:
No, we do not burn our native tokens. It is fixed total supply at 1,000,000,000 with emissions over 5 year period.

However, what we do is token buybacks from the revenues we have generated which flows back into our treasury, as a control mechanism for token value accrual.

*This segment ends here*

Felix:
Thank you everyone. So many amazing questions. Sadly can answer only few here

Gavin Li:
Hope to see you guys in our metaverse. Come participate and when the token launches, there will be attractive incentives to participate inside Space

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

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

Gavin Li:
Keep a watch out for our new version website and token launch :)

Likewise, thanks.

Felix:
Stay tuned for more updates. In fact, keep checking out new partners and rooms that we are rolling out constantly. Expect more great news on token sale, roadmap and team info!

Thank you everyone for your interest and amazing questions!

Ramsy:
Time To Conclude Our AMA Section

We Wish all the very best for Project
Space Metaverse And The Entire team behind the project ❤️🤝

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

Website: http://www.tryspace.com/

Twitter: https://twitter.com/spacemetaverse

Telegram: http://t.me/spacemetaverse

Facebook: https://www.facebook.com/SpaceMetaverse

Instagram: https://www.instagram.com/spacemetaverse/

Discord: https://discord.gg/qRu9G2HnwC

LinkedIn: https://www.linkedin.com/company/space-metaverse

Medium: Space-Metaverse