AMA Recap — SkyLaunch
The session of AMA ( Ask Me Anything ) with SkyLaunch was conducted on 12th Nov 2021 at 6:30 PM IST (1 PM UTC) and lasted for 1 hour.
I welcome you on behalf of Crypto players India team, hope you will enjoy today’s AMA session.
Very excited to have you with us.😊
Please introduce yourself & Skylaunch to our community.
Well, my name is Justin, I have been in crypto since 2017.
I have been working in DEFI these past few months on several projects but this is the first time I am working full time in DEFI for a specific project.
I am the COO for SkyLaunch, this is my full-time job and I am very excited to present it to you guys today! As for SkyLaunch, we are a launchpad project (I know, many of you must be saying “ANOTHER ONE?”) but we are quite different and here is why: We are a true multi-chain IDO platform that goes beyond the initial capital raise by connecting passionate early-stage projects with the tools, finance and support network for long term success. Allowing investors early access, transparency and equality through expertise and technology. So if you understand it right, we are not a simple launchpad, we are a project that will help others not only in raising funds but also in developing their product, strategy etc.
What is the mission of SkyLaunch? Also tell us about some unique features?
Our mission is to make the life of new projects easier. We assist them in :
- Raising funds
- Help with Marketing
- Help with PR
- Help with product development
- Help with listing
Our platform users will benefit from on-chain score mining, auto-pilot feature, Smart Locks, OTC Swaps, Utility NFT for guaranteed allocations, fiat on-ramp, DAO governance, specialised Money Market. Also, Institutional level due diligence by internal analysts as well as external VC Funds ensuring only credible and quality projects progress to the IDO stage !!
What are the benefits of holding SkyFi tokens? And can you tell us about Dual Layer Due Intelligence?
So, holding SKYFI tokens and stacking them will give you a score.
With this score, we will determine if you are entitled to guaranteed allocation or just a lottery ticket for example. If you want to understand even more in-depth, our content manager wrote an excellent article: https://medium.com/skylaunch/skylaunch-solutions-ido-allocation-control-given-back-to-the-investor-22e033631a03
For the Due Diligence, you understand that it is a must to do it to make sure a project is legit! We will do our own research but we will have as well a Council of Members that will vote on projects! The councils are made of top actors in crypto and we will announce them soon :) But as an example, Polygon and Okex are already part of this council! More big names to come!
What kind of support will SkyLaunch offers to the projects that will launch on your platform?
Well, most launchpads only focus on the initial capital raise for new projects. This is where SkyLaunch really sets itself apart, offering pre-IDO acceleration and post-IDO support through our network of partners to ensure long-term business success.
We have a support programme that includes:
• Blockchain technology and developer expertise
• Security audit specialists
• Bespoke marketing services
• Legal specialists
• Specialised mentors & advisors
• Exchange listings accompanied by marketing
and PR services
• Venture capital
• Market-making services
• Treasury management (in-house market
• Liquidity provision
• Secondary OTC swaps
Currently, NFT is very hot, do you think you will apply NFT technology to your products in the future?
I know this is a generic question but we will use NFT to give guaranteed allocation to users. You will be able from time to time to win an NFT that will represent an allocation for a specific IDO, so if you hold it, you will be able to use it and participate in an IDO!
At this moment, which one is the most necessary for your project and why? :
The most important is community!
We have the chance to have a very strong network of investors: https://medium.com/skylaunch/skylaunch-begins-with-promising-initial-capital-raise-8b92722e6e46
We want to develop our community for people who want to invest early in some very strong projects!
Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?
This is a good question and as I mentioned, we want to work with the projects we will launch on a long term basis, so investors should understand that and follow us for the long term! It is ok to take some benefit at the beginning from time to time, it’s called risk management but you also need to believe in the project in long term!
Does your project support staking program? if yes. how is your stake system work what is the requirement for user, if they want to stake in your platform?
Yes, you will have to stake your token in order to participate in IDOs! :)
Everyday there is new projects coming and most of them doing rug pulled and exit scam. How can we trust you? Do you have any reputable VC or backers who is backing your project?
You can read the previous article and see how reputable we are thanks to our partners!
The AMA recorded many great questions from the Crypto Players India community, as well as meticulous answers from our guest Justin from SkyLaunch. AMA Concluded at 7:30 pm IST.