AMA Recap — 5KM
The session of AMA ( Ask Me Anything ) with 5KM was conducted on 12 May 2022 at 7:30 PM IST (2 PM UTC) and lasted for 1 hour.
Rachel from 5KM has joined us for this AMA session.
Please introduce yourself and provide a detailed introduction of 5KM?
Hi! I am Rachel, the Marketing Manager of 5km and I am a sweet girl😉❤️
5KM is based on the evolution of the 10KM sports APP founded in 2014, and the original intention is to link Web3.0 and create a richer and more social Move to Earn product.
Let’s “move to earn”🪐
White paper: https://docs.5km.today
What make 5KM different and unique from StepN?
STEPN is the first to create the “Move to earn” model, and it also has a large number of users. However, the entry threshold of STEPN is relatively high, and a pair of running shoes NFT is at least 1,000 US dollars, so it will restrict a large number of users from participating.
A pair of 5KM MINT running shoes is about 0.05eth, 150u, which is a relatively low entry threshold and can meet the needs of most currency circles or new users.
In terms of products, 5KM is also a dual-token model, which will pay more attention to the content of the event and social sections, making running more interesting and more disseminated. At the same time, the rewards obtained by participating in the event will not be limited to running shoes nft, and users can get more benefits every day.
The rental market is also the core of 5KM. Users can pledge excess running shoes/in-game tokens to earn rewards, or they can run without sneakers and get random token rewards.
What are the benefits of holding more than a few NFTs?
The mileage value for holding regular shoes is 5
While The mileage value for holding Genesis shoes is 50
The more mileage value, the higher the revenue
The amount of revenue obtained is directly related to the mileage value, but not linearly.
What are the intial token rewards KMT and Run?
Kmt is a game token, and players can monetize kmt earned by running or walking
$Run is a governance token that will go live on the exchange, which was originally scheduled to go live at the end of May, but due to the recent bad crypto environment, we may postpone it
The「experience mode」of 5KM is ready for EVERYONE, and users can get up to 10 $kmt a day just need an activation code.😊
How about the background of team?
The founder of 5KM is a full-stack engineer and a serial entrepreneur. He founded a sports app community in 2014 and often ran at that time, so he developed a running motivation system app to incentive those who complete run goals, the name is 10km. today, and then stopped for a while, which is also the predecessor of 5km.
At the beginning of 2022, He found the product stepn on social media, which is also a running motivation app, but in a web3 based way, which is very impressive for him.
However, He found that stepen is based on sol chain, while the evm series chain has more users yet has no related product, so He wanted to restart the previous 10km. today project and there was 5km. today founded story.
What are the benefits for Genesis NFT holders?
Holding the genesis Shoes will have more airdrop benefits, such as $run tokens online
And can earn more than 5km shoes
Any Blockchain startup need a strong sense of community. How do you intend to involve the community in your project? Do you have any plans to start an ambassador programme or create dapps on your platform? What will these ambassador’s responsibilities be?
We’ve done a pretty good job Chinese the market
Recently, it is also opening up the Japanese and Korean markets
The Southeast Asian market is also expanding
We are finding influencers ( Twitter, TikTok, youtube ) and community leaders, to become our long-term partners, and welcome those who meet the conditions to contact me！❤️❤️❤️
Could you provide some details about 5KM roadmap and target in this 2022 year? According to your project’s Roadmap, what are your most important next priorities?
Product planning can refer to the official website, the overall progress of the current team is earlier than the official website plan,$ kmt is officially launched at the same time on the dex (uniswap) exchange, and gamification token KMT can be traded on the dex
In May, the governance token RUN will be listed on CEX (both head and second-tier exchanges can be covered), IEO will also be opened in the same period, the incubation of ordinary running shoes on the product, and the event area will also be launched.
In June, it plans to launch the rental market and solve cross-chain problems. From August to the end of the year, the core is to improve products, add other running equipment, such as running clothes, etc., social functions will also be launched and the NFT cooperation ecosystem will be opened.
What good news does 5KM have for us?
Yes, We will publish institutionally and exchange information in the near future
As i have read Compared with #Stepn, #5KM has a richer and more comprehensive move-to-earn model with four modes , can you explain what are those?
Good question！pls check this medium，https://firstname.lastname@example.org/can-5km-lead-the-movement-trend-of-web3-b9e676789f5d， there is a rich introduction！😊
Can you share Your opinion about Defi & NFT ? What makes your NFTs rate and special?
Our market is very solid, especially in Japan and China, and we have a lot of room for growth😇and 5km is open to different Markets😄
When is #5kmtoday gonna release it’s nft’s which every investor is excited about and how can we purchase your tokens and nfts?
Our mint has ended on May 9th, but we will open the IDO in the future, It was originally scheduled for May 18th, but since the crypto market has been very bad lately, we will probably postpone, plz stay tuned for the latest our announcements！❤️❤️❤️❤️
D — C — LOVER /SH
Which one of these aspects important for you????
1-Increasing Token Price&Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
ln what order???
Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration ?✅
Yes, Since our app has only recently gone live, we take user feedback very seriously! we have a channel named # bug-submit on discord, and if have usage problems, this form is also valid🙏，https://docs.google.com/spreadsheets/d/1-n71WiexdDLPCnthg2NEVUAWSPrXneLHeu8d5XXxnd8/edit?usp=sharing
What is the Best way to follow All your Upcoming news and updates? What are your plans in coming Future?
I guess Twitter and our telegram and discord announcements! Thanks for joining us, Let’s “move to earn”🪐
White paper: https://docs.5km.today
The AMA recorded many great questions from the Crypto Players India community, as well as meticulous answers from our guest Rachel from 5KM. AMA Concluded at 8:30 pm IST.
CryptoPlayers is one of the oldest & largest crypto communities in India since early 2017. We are a group of 25000+ telegram members and growing.