AMA RECAP : CRYPTOSCAPE x WORLD LEAGUE OF CRYPTO TRADERS
Venue : Crypto Scape
Date :23 August 2021
Time : 03:00 PM UTC.
Guest :ADA (Project Manager)
He shared detailed information and his opinions about the Project WORLD LEAGUE OF CRYPTO TRADERS.
🔴 SEGMENT 1 INTRODUCTION.
Q1 Please introduce yourself and your team to our community and tell your crypto story?
I'm Ada, PM of the WLOCT. I have more than 2 years experience in crypto, and now am willing to bring my experience into WLOCT project in order to make it the next #tothemoon gem🚀
I think our team is the reason why our product is so unique. Here at WLOCT we work back to back with the best.
Our CEO, Leonid Litvinenko, is an entrepreneur and investor who has been working in the field of trading for over 11 years. So he sure knows stuff about trading and showing the best way for the whole team. But he is not alone 💪
WLOCT’s BDO, Vitaly Korshunov, a PhD, visionary, an expert in the field of social technology and communications, who also has a specialization in the field of gamification and game design, helps to make our product simple, interesting, and understandable for users.
And, of course, our BDM, Oleksii Chepelyk, with more than 10 years of management experience in international companies such as Cisco Systems, Samsung Electronics, Telenor Group. So yeah, I'm sure that our team's background is an ideal soil to grow something like WLOCT.
Q2 What’s WLOCT all about, explain it along with the usecase and vision?
So, WLOCT is a decentralized blockchain platform for regular tournaments of cryptocurrency exchange traders (centralized and decentralized) to set up Professional League of Cryptocurrency Exchanges Traders and Official Ranking of the World’s Best Crypto Traders 🥇
We consider WLOCT as a valuable tool for both crypto exchanges and traders.
Traders will be able to compete professional skills, promote their own brand and themselves to investors, and increase their income. On the other hand, there are exchanges that will demonstrate their capabilities, (extend/increase) their customer base, sponsor and organize tournaments through our platform ⚡️⚡️⚡️
Q3 Please elaborate your tokenomics and justify the distribution and mention about locking of liquidity ?
Total supply - 100 million LOTT
LOTT`s value will be nominated / pegged to the US dollar (BUSD).
Nominal Price (the final public sale price) = 1 LOTT = $ 0.075
70 million of LOTT (70% from the) will be implemented during the three sale rounds with the following periods of “lock”:
It is planned to have a closed (private), public round and a round of pre-sale sale of LOTT tokens with different locking periods.After the end of the public LOTT sale round, all unsold LOTTs, with the exception of those allocated to the team and others (marketing, foundation, ecosystem), will be burned by calling the burn function 📌
The LOTT coin burn transaction can be verified using the transaction explorer. After burning LOTTs will be available only when purchased from the secondary market - thus forming a deflationary growth model for the LOTT value. Also, for the WLOCT community we provide the absolutely new and unique early partial liquidity protocol for the locked tokens✅
💥The PELP protocol (Partial Early Liquidity Protocol) distributes 5% of all LOTT tournament funds among all holders with at least 20,000 locked LOTTs in one wallet during all locked periods💥
Public Sale 8%
Privat Sale 4%
The distribution occurs as soon as the tournament smart contracts defines the winner and splits funds among the winner (70%), the LOTT Liquidity Pool (15%), the Partial Early Liquidity Protocol (5%) and Operational Vault (10%).
Each eligible wallet is deposited with the PELP reward proportionally number of locked LOTTs
Q4.20% to team that’s 1/5th of the total supply why you decided to go with such a huge amount and how you assure team won’t dump on pre-sale buyers ???
Teams tokens will be locked. You can get detailed info about locks from our tokenomics in white list
Q5.could you share some recent product development in terms of roadmap/milestones achieved
Now we are on the way to completing 1 stage of our project development.
We have launched an alpha version, connected to Binance.
We are currently working on tournament and rating functionality testing and preparing for LOTT release and platform soft launch. This is our Q3 for 2021.
And after that our next step will be:
Q4 2021 – release of platform beta-version, promotion and optimization,
increase of active audience and expansion of partnership base
Q1 2022 – development of tournament mechanics, launch of the
tournament marketplace, expanding the geography of WLOCT presence,
Q2 2022 - Q1 2023 – platform functionality development, introduction of the
protocol for following the best traders’ deals, PAMM-system for collecting
investments and trust management
Q6 How you assure about the security of your product and is the team doxxed??
In wloct, we take security as the most important question, so all the smart contracts will be audited by top security companies before publishing - Hacken or Certik, we’ll notify you about this.
Moreover, all the offchain data will be tested by white hackers before public release to avoid ddos attacks.
🔴 SEGMENT2 TWITTER QUESTIONS.
1)I read in your roadmap is planned a master tournament for the third quarter of 2021, do you already have the date of this event? The applicants to participate must have certain requirements or conditions? Could you explain the steps to participate in this tournament? @shadyaboabdo
Nope for now, but we will surely announce the event🤗
Master tournaments are WLOCT’s sponsored tournaments, which requirements and conditions are agreed with the sponsors of such tournaments🏠
Terms and rules of Master tournament are created by tournament sponsors, not WLOCT
2)I saw that WLOCT have its Ambassador Program. Will you focus more on people with big name and influencers? How do we apply for this program? @Hoan26571098
For active community members only, either for big or small influencers
$15,000 LOTT – take your chance to jump into presale with LOTT = $0.05
In exchange for performing promotional activities on behalf of the protocol, WLOCT offers participation on presale.
The special LOTT token presale allocation (300k LOTT Round) equal to 15 000 USD allocation will be distributed proportionally among participants - according to the points collected by participants during the campaign.
All participants who collects minimum 20 points also eligible for the limited Marketing Incentive Reward and Sharing:
- Ambassador LOTT token distribution
- Whitelisting and allocation to Ambassador limited presale (200,000 LOTTs)
More info find here in White Paper https://wloct.com/
3) In the last part of your roadmap, "Investment collection and trust management for the PAMM system", which I see among your targets for 2022 - 2023, caught my attention. Could you please explain what this PAMM system is and its importance?
PAMM-system for collecting investments and trust management. Percentage allocation management module, also known as percentage allocation money management or PAMM, is a form of pooled money forex trading.
An investor gets to allocate their money in desired proportion to the qualified trader(s)/money manager(s) of their choice. These traders/managers may manage multiple forex trading accounts using their own capital and such pooled moneys, with an aim to generate profits.
4) So can you talk more about on your $LOTT Governance Staking Reward (GSR) and how can the community join here? Please explain clearly on how it works and how do you compute & distribute each rewards? @Wormz29
Each committee member who stakes LOTTs for the authorization level “Expert” and above is eligible for the LOTT Governance Staking Reward (LGSR) subject to Weighted Voting Power (WVP) and the Reward Volume to be distributed.
The initial amount for distribution equals 1,000,000 (one million) of LOTT.
Governance Staking Reward is distributed each 18 months. The Reward Volume for each round is calculated as halving of the remaining part after distributing in the previous round.
5) I read that the winning pass in the tournament is awarded by minting NFTs and tokens (TNFT) based on the results of the tournaments they participated in. So, can you clarify a bit what are the procedures that we must execute in order to participate in the tournaments? @Lidiamga
TNFTs are unique WLOCT tournament tokens which can be minted on players’ demand as a proof of their participation and results in a tournament.
TNFT gives a bonus to rating points and provides admission to certain types of tournaments.
TNFT includes such information as:
1. Date and time of a tournament;
2. Name of a tournament;
3. Number of players;
4. Player’s rank;
5. Sum of a prize in BUSD;
6. Rating points;
High ranked TNFT (by a number of players and a sum of a reward) will get a unique and original digital artwork, copyrighted and stored in IPFS.
You can join tournament by passing free trader’s registration in a League and linking your account to your exchange (a member of the League doesn’t have any extra hassles, as he trades in his exchange dashboard)
Q6.Have you decided date of pre-sale???
Yeah actually I saw this idea for the first time and this is the thing I will love investing in :)
The Pre-Sale will come in September, but the date will be announced. You can join Pre-Sale and buy LOTT at 0.05 USD))).
🟢 SEGMENT 3 TELEGRAM LIVE.
🔰 🔰 🔰 🔰 🔰 🔰
Could you tell me if you have a whitepaper that I can read and share some links to keep me up to date with the news? .. I would appreciate.🤝
hello there! you can find our whitepaper here https://wloct.com/
Q2-AMAL DEV 18:
Do you agree that the power of the community will drive your project to global growth?
Yes, absolutely! That’s why we keep working on an everyday basis to increase our community! Join us and lets stay in touch
🌟 Medium: https://medium.com/@WLOCT.
Q3-Opu Vai ⚠️:
What are your marketing strategies and how will you have a global expansion and adoption fo your project where English is not spoken?What are your next upcoming priorities? What is in your roadmap ?
we going to make WELD multilingual in 4th quater of 2021. Now we are on the way to completing 1 stage of our project development.
Q4-Jacki chang 🏋️♂️🏋️♂️:
Where can i buy your token?
What the procedure?? 🥵🥵
go here https://wloct.com/ , pass the registration and wait till the pre-sale is announced ) or wait till public sale)
Can you share about your token utility? What are the use of your token in your ecosystem? Do u have farm or stake feature?
- methods for using LOTTs in the WLOT services, including staking;
- model for LOTTs issuing into circulation: token sale, vesting, locking, burning; - forecast of the frequency of use (asset circulation rate).
The model for estimating the LOT value accounted the amount of LOTTs in circulation, the size of the required (anticipated) monetary base and the volatility (turnover) of the LOTTs.
Thank you from Crypto Scape