Crypto Lab X MetaBlox
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Ā : 24th MarchĀ ,5pm UTC
Venue: Crypto Lab
Michael Schofield: Please welcome our today guest @MetaNeta from the team of MetaBlox
MetaNeta: Hi everyone from Crypto Lab!
Michael Schofield:Hello mate
How are you doing?
MetaNeta: Great! how are you doing?
Im fine Thanks
Let's do it!
Michael Schofield:Here Iām starting our first segment of AMA That is about introductory QuestionĀ !
Iāll Ask 5 Questions From you in first segment
So Are you readyĀ :)
MetaNeta: Iām ready
Michael Schofield:So here is my First Question For You,
Firstly, please introduce yourself with us.What's your role in Metablox and also introduce your team with us?
MetaNeta:Thank you, Michael and everyone at Crypto Lab for taking the time to host MetaBlox! Iām Arman Alan and Iām the Head of Community and Growth at MetaBlox. Our team includes a number of leading experts in the Telco, DeFi, NFT, & Blockchain space.
Michael Schofield:Thanks For That wonderful Intro
Lets move towards our next Question
2: Now please tell us about your project āMetaBloxā What were the initial thoughts and motives behind this project?
MetaNeta: So basically in Web2.0 we saw the largest companies profit off users using their networks and selling their data. Our goal with MetaBlox is to establish a new Protocol Layer in Web3.0 that returns ownership of data and profits back to the users and emphasizes user privacy.
Michael Schofield:Awesome
Here is Question No 3
MetaBlox is looking stronger as compared to others. My question is which features of your project will attract more investors and players towards your project?
MetaNeta: So personally there is a lot I am excited about. First off, the fact that we are a user-centric network, which means we will reward the users and builders of our network is an extremely attractive component of our network. Whenever you have value and income generating capabilities that is being offered to users for free, people will follow. In Web2.0 the biggest companies in the world offered their services to people for free which grew them rapidly and provided profitable monetization models. In Web3.0 we aim to do the same, except instead of profits going to private companies, this will be a decentralized solution in which the users and maintainers of the networks benefit. Unlike Helium, MetaBlox has the bandwidth necessary with WiFi to support a large amount of users which increases monetization opportunities for the users vastly.
Michael Schofield:That Is a Good Stepš„
Lets hear 2nd Last Question
4: Please share complete Tokenomics of your token with its distribution and use cases?
MetaNeta: So with any successful project, Tokenomics play a key role. MetaBloxās Tokenomics will have a hard cap of 1 billion $MBLX tokens. Users who set up our miners and people who use our Free Wifi will be rewarded with $MBLX tokens. These miners will have a short payback period and generate passive income quickly. We designed the tokenomics of MetaBlox in such a way to incentivize people to bootstrap our network. $MBLX tokens will also be issued via Farming & Staking with our app. Because of DID (Decentralized-ID) & VC (Verifiable Credential) in our Network Protocol, people will be able to verify their assets in different major L1 blockchains. This lets users aggregate Defi yield into a single app. The use cases for $MBLX tokens is great and the team is still brainstorming how to benefit the users the most.
Our mining rewards halve every four years so naturally, $MBLX will become a deflationary token. We are also implementing a burning mechanism within our Defi protocol.
Michael Schofield:Cool š
Here is my last Question For you
5: What are your aims in next 2 years according to your roadmap? What if I ask you what is the ultimate goal of MetaBlox?
MetaNeta: By Late Q2 of 2022, we are aiming to launch an IDO to the public and release our app. We are also working fulltime on the whitepaper. MetaBlox is a long term project with real use case value and utility for the future of Web3.0 development and for the people. We plan to implement miners, release an app with full stack Defi with DID that allows people to manage tokens from different blockchains.
The ultimate goal of MetaBlox is to revolutionize the current industry standard of Web2.0 where users privacies and data are being exploited for profit. We are developing the standard on which the future of Web3.0 will be built on top of.
Michael Schofield:THANKS For your Answers
We have Completed Our introductory Segment
Now its time For most Awaited Segment
Live Session
Hello folks The live session is in MetaBlox Community
Hello Folks Live segment will be started In 1 minute
Welcome everyone!
Here we go š
Michael Schofield: @MetaNeta plz choose 5 For you,
Q1: Truly, youāve done AMA in many telegram groups, so what next, what other way will you make your project more popular?šļø
MetaNeta: Great question, we have raised $2M in our seed round of funding. Majority of it is going towards marketing purposes in order to increase peoples awareness and exposure to MetaBlox. Right now we are actively working with many influencers on different social media platforms in order to promote our IDO and build our communities. We have many plans for the future and are always open to suggestions from the community.
Q2: What is the ultimate vision that #MetaBlox is trying to achieve within the cryptocurrencies market? Obviously the whole space will experience huge growth in the upcoming years, but what role would you like #MetaBlox play in this?
MetaNeta: So if you look at cryptocurrencies today, they are not seamless and integrated. Blockchains operate independently and there isnāt much connecting people together via blockchain. I envision MetaBlox as a sort of gateway to access Web3.0 and itās services, just like how you would use a username and password to log into different sites. We are going to connect people and operate a WiFi network that is controlled by the blockchain.
Q3: Could you please tell me just a little more about #MetaBlox team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didnāt go so well due to easily avoidable mistakes?
MetaNeta: Great question! Right now we have a team of 20 working full time on MetaBlox. With advisories from leading experts in their relative fields. I agree with you that many crypto projects today launch solely on hype, however we have the team and funding in order to roll MetaBlox out successfully.
You are more than welcome to check out our team on www.metablox.io.
Q4: Please tell me,How can I buy your tokens right now?Andwhich wallet support your token?thanks
MetaNeta: Harmony and MetaBlox are working together in order to launch our token. We are aiming to make our tokens available to the public by Late Q2 of 2022 so make sure you stay tuned for announcements in our communities.
Q5: Community support is one of the biggest aspects of a projectās success. Most projects have programs that interact with their users. Does #MetaBlox have any special plans to attract and expand the community and improve the user experience?
MetaNeta: I agree the value of MetaBlox relies on the users setting up and using our network. Because we believe in decentralization we are incentivizing the users to set up the network and will reward people who provide Free WiFi access and also users who validate and use the WiFi network.
Helium reached a $5B market cap with a very limited use case.
MetaBlox has a much larger potential with actual use cases for our token.
Once people realize the impact and scale on which MetaBlox operates on, people and the community will be engaged, especially as we are a user-centric network.
It is a simple case of the network effect, the more people who build and use our network, the more valuable it will become.
So I agree with you completely that the community is the number one aspect of MetaBlox's success, that is why we have designed it to return ownership of data and profits to the users.
As far as marketing, word of mouth works best. Tell your friends to join our communities and stay tuned.
We will implement a waiting list for our miners soon, which as you have seen with Helium are very valuable because they produce passive income.
MetaNeta: We are also releasing a snippet of our app in Discord later today first so make sure you join to check it out
Thank you Michael!
Michael Schofield: You are welcome ā¤ļø
Michael Schofield:@MetaNeta we have Completed Our Introductory Questions Segment And live Session Now its time for some Twitter Questions
Are you ready
MetaNeta: Yes!
Q1: MetaBlox WiFi is free to users. But does it store user information and sell it to 3rd parties like Google and FB? what makes you sure???
Absolutely not. With our DID and VC protocol we basically enable users to own their data and control how and when they share their data.
Q2: What role do the $MBLX tokens play in the MetaBlox ecosystem? Could you share with us some killer features of $MBLX that set it apart from other tokens out there in the market!
So $MBLX tokens will basically become the settlement currency of our Network. Because of our blockchain agnostic capabilities, farming, staking, and mining yields in other L1 networks will be rewarded with $MBLX in our app. We are also implementing a staking mechanism where people who stake $MBLX are rewarded with $MBLX and are issued voting tickets which is basically a DAO within Metablox in order to allow users to vote on the future of the MetaBlox network.
The team is brainstorming on how to best incorporate $MBLX within our network in order to maximize its value and incentivize people buying and holding $MBLX tokens.
Q3: Safety and security are always the most important issues. How will the team resolve if there is an unfortunate security problem on the #MetaBlox? Has the team thought of a workaround for this problem?
We are developing MetaBlox according to latest Web3.0 standards. We have a full time team located globally so we will be able to respond to any issues rapidly. We are utilizing industry standard security.
Michael Schofield: THANKS @MetaNetaFor that Amazing Session
Best Wishes For You And Your Project
MetaNeta: Thank you and your community! We are looking forward to developing this project for the people. The MetaBlox team appreciates your help!
Michael Schofield: At the End Any Last Word For Our community?
MetaNeta: This project is for you, the people. Our team fully believes in decentralization and every single token that has been issued to the team has been purchased with our own money. We are investing our time, energy, and lives into MetaBlox because we believe in it and itās future.
At the end of the day the strength of our community lies in its people and their enthusiasm, and telling people about MetaBlox.
Remember, MetaBlox is for the people so the more engaged and active you guys are within our community the more you will be rewarded.
Thanks for your time and best wishes in all your future crypto endeavours. The crypto future is exciting and the future is being built!
Thanks
Thank you, take care everybody!
Michael Schofield: Hello guys must Join official group of Meta blox for more updates
