AMA Recap: CRYPTO MINERS X WATT
Watt is a project containing tools for trading and storing crypto currencies, tools of global decentralized loyalty system and many other useful products included in the ecosystem. It is a Multifunctional app for storing, buying and professional crypto currency trading as well as NFT-tokens storing.
• User-friendly interface
• Trendy design
• Safe storage of crypto assets
• Fast and easy coins purchase
A completely decentralized multicurrency crypto wallet supports a huge amount of crypto currencies and tokens. Your SEED phrase is stored in your device only and is never shared with anybody on the Internet. Add crypto currency from the list or via smart-contract, track the currency graphs inside the app.
We hosted an AMA session with WATT on 13th March.
Mr. Ramsy was the host from Crypto Miners and Miss Svetlana was the guest. She shared delightful knowledge and unique features of WATT.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With WATT
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Miss Svetlana
Hey there 👋
Thanks for bringing Us WATT ❤️
nice to be here
How are you doing today mate?
All is great 😻
I'm pretty sure that our Community is very much excited to learn more about WATT ✌️
So let's get started if you're ready!!
Yeah, sure 🙏🏼
Let’s go 🚀🚀🚀
First of all Please give us a brief explanation about 'WATT' .What popped up in your mind to create such a platform in this Space?
We have been working on our loyalty system for the entire year but bumped into the problem of scaling because of the inefficiency of the banking system. We decided to tokenize our project and eliminate the frames for scaling. As a result we have won the XRPL grant and now we are developing the whole ecosystem of WATT products and services. At the moment, one of the leading products is our multifunctional wallet WATT ME 🚀
Thanks Svetlana 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?
1. Individual guidance of users into the world of crypto currencies by sponsoring and training
2. Simple ways of earning (staking, farming, pre-sale, trading, trading signals, referral program)
3. Engagement of users in participation in the crypto economy by NFT gamification, monetising of personal activity and loyalty system.
Q3) How has the experience and background of your team been effective in the success of your project so far?
In our team there are members of various professional levels and specialties with the experience in business of more than 15 years, in IT more than 20 years, in crypto sphere about 6 years. Also there are young and ambitious specialists with great enthusiasm and charizma. All together we drive this project to success.
4) Now Share us about your Native tokens, What are the some of utlities of $WATT in Your Ecosystem? And if possible share to us the Tokenomics
WATT is a utility token of the ecosystem which is used to pay commission, to buy packages, cashback and bonuses accruals within the ecosystem. A user has got a chance to earn the token for their activities, for example, for the active participation in the project’s tokenomics, for project development and even for simply playing an NFT game. In addition to that, token may be used by a company or business to award their clients within the WATT Business loyalty system.
Overall, there will be issued 66 million of WATT tokens. 66% of them are aimed for the ecosystem development. Also there is an opportunity to use packages via lock of tokens. By doing that you will get an additional reward from the Bounty pool.
More information about the project you can find in our WHite Paper that have been carefully designed for your comfortable comprehension: 👉🏼 https://watt.me/lite-paper/lite-paper-en.pdf
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 WATT? If possible could you please share road map with us.
We have been developing some of our products for more than a year, some are at the development stage, such as the service of P2P signals where users will be able to receive signals from traders fast and convenient. In the future, we are planning to convert our project into DAO format and make all the processes to be managed via Smart contacts. We think it will take about 2 years to accomplish that.
Thanks Svetlana for this well detailed introduction about WATT:)
And that's the wrap up of our the first part of the AMA session ✅
Thank you 🙏🏼
Let’s now proceed to our Twitter Questions section
i hope you're ready for that!!
Can you send questions here?
And I will answer 🙏🏼
Dropping our first question from twitter
Segment 2️⃣: Twitter Questions
1)I see that bank cards can be connected and integrated through your mobile wallet. What banks do you currently support? Do you support Visa and MasterCard cards at the moment?
Our aim is to create the easiest and most comfortable way to buy crypto currency via our WATT ME wallet. That's why we we have integrated one of well-known services for buying crypto Moonpay. You can buy crypto currency by your Visa/Master via Moonpay
In the future we are planning to expand the opportunities to buy crypto currencies with MIR bank cards, UnionPay and others
2) You've excitedly announced that @watt_business is a recipient of #XRPLGrants program! With new funds from @RippleXDev,you’re excited to enter the international market and create a global loyalty system of WATT ecosystem. So when will be the entrance into the international market?
Good question 👍🏼
We ARE already working on the international market as some of our services are already working. wATT Business in particular will be launched during next 6 months
3) Security is the weakness of any project anytime hackers can attack and create huge losses for users and owners? So what steps did your project take to prevent this kind of attack? And how do you control the risk?
Our application is completely decentralised, your wallet keys are stored in your device and the service itself doesn't manage your funds. Access to the exchange for trading is provided via connection of API keys. And crypto currency purchase takes place via Moonpay
That's why if a user account have been hacked, the only thing hacker can do is to send user's referral link to their hacker-buddy😄 hackers do not have access to users funds
Security of smart contracts while switching into DAO will be tested and double checked by white hackers
4) You made mention that #WATT is based on the principle of '6 handshakes' and 'word of mouth', could you please elaborate more on this part? How it's correlation and contribution it gives to this project?
The thing us that the power of recommendation is underestimated. First, it's a very cheap advertisement. Secondly, it's a very effective advertisement. Adding that to the fact that we use personal sponsors to help ordinary people with no special knowledge about crypto currencies and an opportunity to monetize your recommendations with the help of referral links, it provides a powerful result to promote the service and increase users loyalty
From this point strong community begins. The community of users with complete attention to the project and detailed knowledge of its work, not just observers
5) Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I'd like to know who your ideal consumer is for your product?
Here is our last question from twitter
We launch the service and then collect feedback to improve it or even make serious changes to it. It's important that a client likes our product and we do our best for that
China as an example. For Chinese we create a mobile version of the service of P2P signals because all the applications connected with crypto currencies are banned in the country. We do our best to meet the users requirements if different countries
Thanks for 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 mate?
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)
why choosing WATT as the project name What is the name represent and what is the legend behind choosing WATT as name?
The WATT name is connected to measuring the power if energy, and energy is that essential life cannot exist without! We associate our token with the powerful energy which charge our users and which you can share or accumulate. The WATT name is international and understandable in all languages, short and represents our token ticker on the exchange.
It entirely represents our power to success and the simplicity we are aiming at
2) Genç Osman:
Can you tell us about your project team? how many people is the team and why did you come up with this project idea?
There are about 20 ppl in our team. They are developers, designers, lawyers, product managers as well as managers and advisers who support us with their competence in the most complex issues. Every member of our team has an active life position, we all do our best to make our project well-known globally.
Join our chat, we all welcome new members and ready to communicate!
Also we have developed the system of sponsorship and every new member may become a sponsor for others helping to figure out this uneasy technology of the digital world
What is your team doing to ensure that users support WATT in the long term, and not just for temporary gain? How can your team increase user engagement with your product and project capabilities?!!
What would you do if you could accumulate energy?
Surely, you would deposit it every time you have some extras and spend it when you need it. Based on this principle we gave created tokenomics of the WATT project.
For example, you can use paid packages by freezing tokens for a certain amount of time (👉🏼 https://t.me/watt_me/59) and you will get all your tokens back and you will get a favourable bonus from the Bounty pool - from 10% to 30% from the amount of frozen tokens. If you want to extend you pack subscription for the next year you can use the freezing option again.
Thus, we award users for using our token long-term
do you have contests?
Yes, we have a contest at this very moment. You can take part in it for FREE! 🔥
To do that you need to subscribe to our social media via 👉🏼 https://t.me/watt_promo_bot
Also you can recommend the contest to your friends and increase your chances to win!
All the details are 👉🏼 https://t.me/watt_me/66
5) 💠 Ada Atalay 💠:
Could you give some information about the NFT game you wrote in your roadmap? What game will it be? Also, will your NFT marketplace be open to all directions?
We are about to develop NFT gamification for our WATT Business loyalty system and even a game based on the P2E principle.
Any active member will be able to earn WATT token by joining Power pool. In fact our project is really large and it’s quite difficult to explain all about it in one text
6) What is the most
Ambitious goal of your project?
Sure, first of all we are considering developing and young markets where people are searching for opportunities. We will appreciate help and support of our project 🙏
*This segment ends here*
Thank you for all ❤️
Thank you all for participating!
Thankyou so much For your valuable answers and information about WATT,
It Was Pleasure Hosting An Ama With You
Time To Conclude Our AMA Session
Good day ❣️
We Wish all the very best for Project
WATT And The Entire team behind the project ❤️🤝