Cricket.Foundation AMA Recap
The session of AMA (Ask Me Anything) with Cricket.Foundation CEO Pruthvi Rao has conducted on 25th June 2021 at 7 PM IST.
We along with community members were very excited because it was the first time we were hosting AMA with such a unique project.
Live AMA at @CrytoPlayers started with a brief introduction by Cricket.Foundation CEO Pruthvi Rao. Here are some highlights of the AMA.
INTRODUCTION
Pruthvi Rao | CEO
Today we have Atul, Sibtain and yours truly — Pruthvi, here on the AMA here. I have been involved in the crypto blockchain space since 2016, and Atul and Sibtain come with almost 2 decades of experience in Cricket.This is not the full team . The full team is extended with all stakeholders contributing in various ways towards the success of the project. Some of our partners/ contributors can be see on /ecosystem on our website. …
We will try get some celebrities as well in the next few sessions ..
The team itself has people from various parts of cricket — players, coaches, franchises, influencers, etc
ADMIN ROUND
Jonty | Host
What Cricket Foundation project is about? Give a detailed introduction.
Pruthvi Rao | CEO
Cricket Foundation, the world’s first global community-owned, community-operated project for the sport of Cricket, Cricket Foundation aims to build several applications and uses within the platform meant for the Cricket ecosystem. The platform is designed to incentivize the Cricket ecosystem partners into building a high utility platform that accrues in value and will enhance the worth of all the possible applications that eventually get enabled on the platform. These applications will include; Digital Collectibles, Merchandising, Licensing, Rights Management, Ticketing, Fan Tokens and Engagement, eSports, Gaming and gamification, Auction and Endorsements.
Jonty | Host
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop unique project like Cricket Foundation?
Pruthvi Rao | CEO
Not many people know, but we worked together to create some of the first NFTs in cricket in 2018 …. And we had done ticketing, and memorabilia …. after the market came back to life earlier this year, we restarted the whole venture … and got back everyone. We truly believe that a sport like Cricket — India’s biggest passion — deserves its own ecosystem and token
Jonty | Host
What is the token Use case? And will it be useful for the ecosystem?
Pruthvi Rao | CEO
The use-case is for use with all products and services listed and offered on the platform. We are starting with an NFT marketplace…. but have already started talking to various partners for adoption — game developers, franchises, etc…
Eventually, we hope that all of the cricketing world will use CRIC tokens to offer various products and services.
More details about this in the whitepaper.
Jonty | Host
What are your future plans? Any upcoming partnership? Also share some memorable milestones achieved.
Pruthvi Rao | CEO
Cricket Foundation has already signed over 50 ecosystem partners from 10 countries across various roles, including the likes of VVS Laxman, Parthiv Patel, Deep Dasgupta, Jason Roy, Lance Klusener, Wasim Akram, Shaun Tait, Boria Majumdar and Jamieson Campbell. It aims to add over 1000+ partners, who will all own a part of the ecosystem. Some of its notable backers include cricketing legends and famous personalities…
We are continuing to sign up 2–3 partners every day!!
All of this is even before the launch …. after launch, this will take off much bigger
Natz | Host
se applications will include; Digital Collectibles, Merchandising, Licensing, Rights Management, Ticketing, Fan Tokens and Engagement, eSports, Gaming and gamification, Auctions and Endorsements.← what kind of applications ??? Gaming sounds like the future, just like MPL of virat and Dhoni’s another app — are they your competitor’s?? How will the RBI and BCCI look at this in terms of blockchain ??
Pruthvi Rao | CEO
Decentralizing gaming is the future…. same games with network rewards ! … no middlemen. We are already in discussion with some of these names 🙃 to launch decentralized versions of the games with CRIC tokens as the base.
BCCI is already evaluating how to commercialize their digital assets …
Natz | Host
u mean BCCI is going to be a partner??? 😍😍😍
Pruthvi Rao | CEO
RBI — will have to see…. just for the purpose of clarity, Cricket.Foundation is based in Singapore, where it is perfectly ok
Natz | Host
I see a lot of Ex-cricketers and commentators and columnists — are they actually a part of this with contracts and agreements ?? if yes , it would be a great incentive to have them in a video clip in website commenting on this , is an marketing idea i had in mind :)
Pruthvi Rao | CEO
This is our first AMA — next AMA, we will get some of them as well ….. 😎
Natz | Host
We truly believe that a sport like Cricket — India’s biggest passion — deserves its own ecosystem and token ← Amazing , but can you elaborate more on how and what use case will the NFTs have other than a blockchain Digital photo — which can be copied and pasted ?? As mentioned in Q4 from your end — the usecases are defined in WP , but as a long term investor in Crypto and in AMA — can you give us an actual use case for NFT ??
Pruthvi Rao | CEO
NFTs are investible assets — just like how people buy paintings as an investment… classic double-spending problem solved…
We just got covered by Wisden — a world-leading Cricket magazine, and they have explained this better — https://wisden.com/stories/brave-new-world-cricket-and-nfts.
Natz | Host
yes i have read this — but just wanted to see your response on this :) Amazing and honest answers :) i am already liking this team 😍😍
Pruthvi Rao | CEO
Just to clarify — it's not about copy-pasting — it's about OWNERSHIP and TRACEABILITY… I'm sure you have some videos you can see, but you cant trade.
Natz | Host
Is this an Part of Zebi ? or its owned by Zebi ? As i can see Sports Management Company , 10PL as investors or stake holders??
Pruthvi Rao | CEO
Zebi is building the layer 1 tech for this… …and is one of the tech partners…They are all token holders…. 👍
Natz | Host
The recent Wasim Akram NFT launch — what do you say about it?? sorry to butt in — as he is in your Team list
Pruthvi Rao | CEO
He has a non-exclusive arrangement with us …. It's a hot space, there are many players …
However, our proposition is not limited to NFTs …Anyone who knows crypto knows that NFTs are <5% of the opportunity. We are quickly adding Defi on NFT, Ticketing, Endorsements, Sponsorships, etc on our platform
Everything cricket needs
Natz | Host
you say DPoS — Proof of staking in eth network ?Just to add, as we add more products/ services, and utility increases, thats when 🚀
Pruthvi Rao | CEO
CRIC is its own Mainnet, not ETH/ERC. You can also run a validator to get rewards :)
Natz | Host
great answers — looking forward to the BCCI news ASAP ;) @Jontycrypto am done , Thanks
TWITTER ROUND
@haydenn129
How will the demand for token will increase in the future ? or What steps would you take to increase the demand? May I know how do you plan to attract more business partnerships to your project?
Pruthvi Rao | CEO
All products and services on the platform will use CRIC tokens as the primary medium of acceptance… This will inherently build buy orders on the token…
As our products and services increase, we will keep adding more and more partners to join and build ….
In fact, even as of today- we welcome anyone who wants to build on this — and start accepting CRIC for some services/ products :)
@QuNguyn61793298
There are an increasing number of NFTs being created across a broad range of platforms like music, art, gaming and collectibles. So how does Cricket Foundation differrents from the others NFT marketplace?
Pruthvi Rao | CEO
This is exclusive to Cricket …. for cricket lovers, by Cricket lovers ….. If you want beeple, you can go to opensea or rarible, if you want Dhoni/Kohli/CSK/MI — come here ☺️
@MrDung732002
Almost 2/3 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold $CRIC in long term?
Pruthvi Rao | CEO
Yes…. my suggestion is to always HODL …. 😂…
CRIC is a DPoS token … meaning you get rewards for staking ….
That apart, the true value is realised over medium-long term ….
In general, you can keep scalping 2–3% on a daily basis and lose some….. but if you really want 100X — BTFD and HODL!
TELEGRAM ROUND
Truong Tran:
Covid-19 has a bad impact in almost every sector. So, as a crypto projects how did it affect you? How you and your team have done the work in the pandemic?
Pruthvi Rao | CEO
Our development was delayed a little…. most of the players/ supporters were also impacted and hence there was a slight delay.
Islam:
Will your project supports any yield staking and farming in the near future?
Pruthvi Rao | CEO
staking already present …. go stake today!
Ahmet Salih Duman:
Which do you think is more important:
1. Community
2. Investors
3. Coin Price
If all of the above are important to you, which should come first?
Pruthvi Rao | CEO
community 🤘…. if this is there everything else is there….
Tiger B:
What are the ways that Cricket generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both investor and your project ?
Sibtain Baqri | Team
We intend to build the entire ecosystem for cricket including various verticals like ticketing, merchandising, sponsorships etc. when all of this is traded through CRIC tokens that's when value will be driven.
Killua Zodylck:
Everyone knows, if you want to go fast, go alone, but if you want to go far, you go with your partners, so with Your Project which partners will promote and help Your Project reach and achieve the project’s goals?
Pruthvi Rao | CEO
Our model is slightly different … we have invited every supporter of ours to own part of the network — true decentralization — … that way the incentives are aligned for the long term.
ÇRYPTÖ DÜDe:
As a true cricketing fan how can I get the NFT’s of my famous cricketers such DHONI,KOHLI,ROHIT SHARMA etc. How does your NFT marketplace works and which currencies are accepted on your platform.
Pruthvi Rao | CEO
CRIC tokens for now …. why would we accept anything else?
That’s All🎋:
What is your project ‘marketing strategy’ ?? What will you do to make your project stand out against others in the crypto field and the people who come to explore your project??????
Sibtain Baqri | Team
We are exclusive for the cricketing community, by the cricketers and for the cricket-loving community
আছকে জিতবে ব্রাজিল:
I want to invest, in your project. but I doubt it a little.Can you please assure, us that unlike, other scam projects there is no possibility of fraud.,”
Pruthvi Rao | CEO
we are not noobs … have been here in the industry since 2 decades and remain committed …. you can check who all have already signed up…. your rugs are intact 😂.
Get it:
While you build your project, do you take into account community feedbacks and demands? While you build your project, do you take into account community feedbacks and demands?
Pruthvi Rao | CEO
sure … please sign up and leave your comments ….in fact, if you want to lead an initiative, most welcome.
🐲 Michael🐲 ☄️:
Token burn” is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does your great project have a plan about token burn?
Pruthvi Rao | CEO
Yes …. periodic buyback and burn is part of the whitepaper.
Essence:
What is the structure of this project , is it decentralised or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?
Pruthvi Rao | CEO
Yes. its open-source …..
Chris Bautista :
I WOULD LIKE TO BECOME A FULL TIME SUPPORTER AND FOLLOWER OF YOUR PROJECT
HOW CAN I SUPPORT YOUR PROJECT?
WHERE I CAN FOLLOW ALL YOUR UPDATES AND DEVELOPMENTS?
CAN YOU SHARE ALL YOUR SOCIAL MEDIA SITES?
Sibtain Baqri | Team
https://twitter.com/home?status=https://cricket.foundation/
https://www.instagram.com/cricket_foundation/
You can also join our telegram channel.
Zero Cap 👮♀️👮♀️ :
How many wallets that can support $Your Token until now? And do you have any plan to build your own wallet?
Pruthvi Rao | CEO
We already have a native blockchain and native wallet for staking…. we will try add support a range of wallets in the coming months ….
Pearlene Roark :
In How many ways your project generate revenue? What is the revenue model? How it can be beneficial for both investors and for project itself?
Sibtain Baqri | Team
Like Pruthvi explained NFTs is our first outing on the blockchain platform. We will follow this up with fantasy gaming, e-gaming, ticketing and so much more from the cricket ecosystem.
Jussi:
What benefits will liquidity providers get besides collecting transaction fees and funding fees? Do you have events or programs to attract more users and new liquidity providers?
Pruthvi Rao:
yes, we have engaged liquidity providers
Roman Rings:
I want to do investment with your project’ can you share how, is the way to purchase, your token???????”
Pruthvi Rao | CEO
Presale is going on right now. ….. register today!
🐒Elon Cinderella
Sir, What is Main reason everyone should buy your token? How many offers are there from this token?And What are the benefits of holding this token?
Pruthvi Rao | CEO
If you like Cricket … and believe that Cricket needs Crypto — join!
HIPHOPNEVERDIE:
With blockchain being such a young industry, partnerships are an integral component of any project’s journey. Which types of partnerships have Cricket already attained and what are the plans on this front moving forward?
Sibtain Baqri | Team
Very rightly put. We are in the process of forging some big partnerships around key verticals in the cricket space. Be it gaming or ticketing, it’s on the way…
Divya:
Your project has great features. There must be an experienced team behind. Can you tell some about your team and their experiences in the market?
Sibtain Baqri | Team
Prithvi has been a Blockchain champion and a fintech veteran having served the worlds largest organisations. Same with Sudheer who understands finance and tech having served on the board of worlds leading companies.
Atul is an entrepreneur who has championed technology into cricket and was the first to introduce motion sensors in cricket. Myself Sibtain, have been around in cricket running IPL and other franchises and pretty much everything at the topmost level in cricket. There are many more team members who bring in a wealth of experience across verticals and have than 2 decades each.
That’s all…
AMA concluded at 8:20 PM IST. It was our pleasure to host AMA with Cricket.Foundation team, quite informative & knowledgable AMA it was.
