AMA RECAP : CRYPTOSCAPE x PRIVI TRAX
Venue : Crypto Scape
Date :09 August 2021
Time : 01:00 PM UTC.
Guest : Zach Badger
He shared detailed information and his opinions about the Project PRIVI TRAX.
🔴 SEGMENT 1 INTRODUCTION.
Q1.Please introduce yourself and your team to our community and tell your crypto story?
Zach:
My name is Zach, I’m one of the cofounders of Privi along with a handful of other partners. We lead a very fast growing team from all over the world. My partners and I came into crypto to change it and make products that mainstream users would use
Q2.What’s PRIV all about, explain it along with the usecase and vision?
Zach:
To become the next cool Apple. You see, Apple is centralized, and in our minds has lost its edge with what’s next. Sure it creates great products but thats what a trillion dollars gets you. They aren’t and never will be decentralized.
Privi is launching a decentralized App Store, with both web and mobile apps. We have several apps that will launch this year: here is a taste…
Privi $TRAX is first app / app token to launch (we will take about that one in a bit). Then there is…
Privi Flix - decentralized Netflix/Youtube
Privi Pix - decentralized IG/NFT marketplace
Privi Bux - decentralized Medium
All four of these use similar mechanisms = listeners, viewers, readers, get paid and can actively invest in their favorite creations and creators, and the artists and creators make way more than with web2 and have complete control
Then we have to compliment this suite of apps
Privi Wallet
Privi Social (w/ 3D)
Privi Exchange
Privi Pay (Klarna + Splitwise)
Q3.could you share Some recent product development in terms of roadmap or milestones achieved
Zach:
All media apps that I mentioned there above will be out by end of the year
Several other parts of the App Store and network will be out as well: wallet, social, DAOs...
We build
We dont write white papers and release tokens
Q4.Give us more details about The Upcoming IDO planned for $TRAX on various launchpads
Check it
$17.5k mcap
No presales
It hasn’t launched yet but yes that will be it’s initial mcap
Lambos for all of us
Pancake swap tomorrow night
Q5.How much do you value your community and what role do they play in major decisions taken in the future??
Zach:
Privi is completely decentralized which is why all apps have their own app tokens. This gives each app its own governance and ownership structure, and makes it so the apps aren’t controlled by one parent institution, in this case the $privi token which is due out October.
🟡 SEGMENT2 TWITTER QUESTIONS.
Q1.As social media users, what features can be expected from your platform? The success of Privi depends on the satisfaction of the users of your platform. Rewarding will not be enough to create a new experience for them. What are the attractive features of Privi? @Lidiamga
Zach:
Omg so many apps for u my friend
But great question. Obviously two different industries but there are similarities in the underlying mechanical design with all our media apps (TRAX, FLIX, PIX, BUX)
Every single time somone reads a book, listens to a song or watches a movie, the people invested into that book, movie or song will make money, while making the author of the book, the artists of that song and the studio of the movie earn increasing amounts of money with every customer of theirs. so if disney is pricing black widow at 15 dollars , it can price the movie at 15 and it can keep going up with the number of users watching the movie. This logic is the same with books and movies. All these media, the metric till now has been 'likes, followers, views' with Privi, its monetized sharing, monetized likes, and fans who invest. Forming a much stronger social graph which can be used to sell products
Q2.Just recently, you announced that your #PriviZoo is now live, a decentralised app store, made up of social and financial apps. So can you give us more information about the Privi Zoo? Also what Web and Mobile Apps will be launched in PRIVI ZOO?
@Wormz29
Meanwhile I take this opportunity to remind all of you to join the PRIVI TRAX commmunity inorder to get reward for the AMA and latest updates on the project!!
Zach:
Privi zoo is like apples App Store
Except for the people by the people
Q3.I’ve heard that the ¹st dApp to be launched on Privi Zoo is #PriviTrax - a decentralized music app (dApp) in the Privi Ecosystem. So can you tell us more about Privi Trax & how it works? Also how does TRAX relate to PRIVI & how we can get early access to the Privi Trax waitlist? @rgajjar119
Zach:
No other music app can come close to the scope and the tech of Privi Trax
Listeners get same with Spotify, but with a powerful money-making component for themselves
Musicians get 3x per stream than with Spotify, and they decide who to pay. Where in todays model its the labels and streaming platforms who decide who earns what.
$TRAX is the fuel for this incredible application
It’s like if Spotify, Axie, DeFi and Bitclout all combined into one
And let me share this here just so you guys can see it’s profit potential
We believe this will crush Spotify
Web and mobile will be our September
Q4.One of the products of the social privi system is an encrypted NFT marketplace, how do you integrate an NFt marketplace with your social store, how is it different from a traditional NFT marketplace? @shadyaboabdo
Zach:
Hmm ok so NFTs are buzzy for sure but no apps provide use cases
We have a feature in all our apps called pods - these are social and financial spaces where you can customize your very own NFT smart contract with no financial or technical skills and sell those tokens. Examples could be: artists could prefund content, fractionalize assets, etc...
Privi Pix
Which is basically IG / NFT marketplace
Comes out on mobile and web in September
It allows people throughout the Privi ecosystem to make an NFT of an asset they own in the platform
Example
You stake your $trax in your favorite DJ... you make money every time that song or songs are streamed .... that DJ then blows up and you were there early ... take that asset to a Privi Pix and make a piece of art out of it.... you have just made a rare event even rarer
Q5.Privi Flix is a Decentralised Online Streaming platform. So why should an Online streaming platform be decentralised? Netflix, Amazon Prime etc etc being the market leaders what advantages does being “Decentralised” bring to Privi Flix? @Luckman84667332
Zach:
https://t.me/CRYPT0SCAPE/670645
This explains it well
It’s because these film makers and producers make more money this way
And as a viewer
Why pay Netflix $10 and month when you can justvstake some of your tokens (any popular token) and watch for free and even get paid to watch
That’s the beauty of decentralization
No middleman to pay who hoards all the profits
So only viewers and producers earn
Not the platform.
🟢 SEGMENT 3 TELEGRAM LIVE.
Q1-Steffi Reguera🎀:
Can you tell us how we can have early access to Privi pix and privi Trax testnet? Is it easy to access for beginners like me?
We have designed them so that web2 users who know nothing about web3 can use them effortlessly make sure to sign up for early access!
Q2-Lovely_DC 💋:
You mentioned that Musicians will get 3x per stream than with Spotify, and they decide who to pay.As a musician I want to know what the mechanism is like? In what form will the musician receive payment? does it use $TRAX tokens??
💜💜💜
Zach:
Musicians will earn stable coins and popular tokens like ETH and BTC and soon $privi. But $trax to take part in governance and access song staking and the apps taxation flows.
Q3-Lookie Fergusosn:
Where can I buy your tokens right now?? what is your current contract and how can I buy them?
Zach:
Buy it on Pancake Swap Tomorrow Night !!!! $TRAX
Follow us on Twitter to stay up to date on exact timing https://twitter.com/priviprotocol.
Q4-Eklas ❤️❤️❤️🔥🔥🔥:
I am a investor and I only care about prospect of a crypto that I chose, tell me the reason why I should choose #Privi project over the existing one ? What is your coin advantage that can convince me to change from my favorite token/coin ?
Zach:
You’d be investing in actual products which is how the normal world works ...
Q5-Bernard:
What is the final market cap target ?!
PB shelly🔎🔎:
🍄🍄🍄🍄🍄
As most every projects struggle in so many problems. such as, trust, fundraising etc , How far are you right now and are many discussions ongoing?
Zach:
$2B
And it’s launching tomorrow at $17.5k MCAP.
I am thanking you on behalf of the whole cryptoscape Community for enlightening us on a such gem project PRIVI TRAX!
And I really take this time to appreciate your effort to answer the questions with patiently and perfect!
I would definitely say this was a wonderful AMA session with an extraordinary Project !
Thank you once more for being here and spend your time to introduce PRIVI TRAX to us!!
With love❤️.
Thank you from Crypto Scape
