AMA with Balthazar

On the 7th of June, 2022 at 11:00 UTC, Decentralized Club had the honor of hosting John Stefandis, CEO of Balthazar, for an Ask-Me-Anything session on their Telegram page with a community of over 100,000 people. It was hosted by DC Admin, May.

The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2 respectively, and live questions from the community members in attendance were answered in Segment 3.

If you missed this event and would like to know what Balthazar is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

Segment 1 — Introduction

[May]

Hello, नमस्ते, 大家好, สวัสดี, Selamat!

It’s your favorite AMA host again!

Today, I’m here with a super project — Balthazar!

Balthazar is growing to be the largest P2E DAO for the gaming community.

Let’s welcome the representative from Balthazar 👏🏼

[John Stefandis]

Hey there!

[May]

You’re welcome to the Decentralized Club

[John Stefandis]

happy to be here everyone :)

[May]

How is your day going?

We’re excited to have you over!

[John Stefandis]

its great, lots of good things happening at Balthazar HQ 🙂

busy building

yours?

[May]

That’s exciting news!

Going great as well!

Can you please introduce yourself to our community and tell us your role at Balthazar?

[John Stefandis]

Sure!

I’m the CEO of Balthazar DAO, an NFT Gaming platform

We work to connect gamers, games, and people interesting in buying NFT’s and tokens

top level intro 🙂 we can get into the details now

[May]

Super!

Yes we can 🚀

To begin, can you tell us more about Balthazar? What inspiration kickstarted this project?

[John Stefandis]

Yes for sure, the initial inspiration for this project came from my initial introduction to guilds, and the play to earn space in general!

A few key things excited us:

1) Crazy communities where everyone was winning, and engaging

2) The creation of a new economy where people can earn in the metaverse, especially in developing countries

3) The fact that there was real value being added through crypto!

From there we started as a guild, and proceeded to shift towards a platform as we wanted to service all levels of the NFT gaming ecosystem ✅

[May]

Awesome! The gaming community is growing by the minute! It’s amazing!

[John Stefandis]

Yes it’s so exciting

So much room to build

[May]

Yes!

So much potential as well!

What innovative solution is Balthazar bringing to topple its competitors with similar offerings in the NFT and GameFi sector?

[John Stefandis]

Good question — it all starts with our research. Our research division led by esports professional NicoThePico (ex head coach of Fnatic and Ninjas in Pajamas) provides in detail reporting on games that allow us to dive deeper and provide a whole new level of value to our community.

From here we offer our launchpad (going to be releasing some cool, unique features of this soon)

We also allow people that buy NFTs through our platform to immediately deploy them into the system and earn on them. On most platforms, once you buy your assets there’s not a lot that can be done — we unlock earnings opportunities for our community.

We also have a pNFT marketplace, which allows our community to buy NFTs that have scholars attached! So you can buy an NFT earning you 150% yield directly (almost like buying a guild)

These features are all unique to our platform.

The important thing to note is that although there are some common elements, no other platform ties everything together (for games, gamers, and token buyers) ✅

[May]

This is impressive, JJ. Balthazar is the one-stop-shop for everything gaming!

Can you tell us about your native token and its utilities?

[John Stefandis]

When we launch, our token will have two primary utilities:

1) Staking to earn

2) Unlocking exciting (and even early stage) opportunities through our launchpad

Although this is something we are spending a lot of time developing, and plan on incorporating creative stake/burn strategies through our entire ecosystem! ✅

[May]

👏🏻👏🏻👏🏻

Can you tell us about the most prominent features of Balthazar?

[John Stefandis]

Yes of course, I described a few of the key features above but let me go into what our platform means to our different types of customers (games, gamers, and token/NFT buyers)

1. We provide awareness and distribution for games, and help them launch through our ecosystem. Our reports are great for deep diving into the tokenomics, lore, gameplay, team, and socialnomics of a game (amongst other features). This typically results in more informed buyers when we launch a game we’ve run a report on, through our launchpad (which is often “smarter” or “better” capital). The capital we help games access through our launchpad/token buyers is also safer than traditional guild capital as you have many users holding the assets/tokens, and not just one party looking to profit. We also don’t buy gaming assets so we’re not ever incentivised to dump.

2. We provide great earning opportunities for token/NFT buyers — who are looking for real, and exciting projects (and want to cut through the fluff). If a user reads our report, watches an interview with the CEO, and watches an in detail play testing video — they are very well informed and will be comfortable buying game tokens/NFTs. These token/NFT buyers are also then able to deploy their NFT gaming assets into our community of gamers to earn more than just asset value growth.

3. We provide our gamers with earning opportunities and really fun games to play — this goes for gamers in the web3 world looking to play to earn, and eventually gamers from the web 2 world. If someone is looking to play to earn, assets are bought by token buyers and rented through our system to gamers so everyone wins! ✅

[May]

A minute for the community to read :)

[John Stefandis]

🙂

[May]

It’s all in the details guys! Balthazar is on to something great!

Now here’s one question a lot of people have been asking -

What is the earning mechanism for gamers on Balthazar?

[John Stefandis]

At the end of the day, the earning mechanism is still dictated by the games! What we do is provide the ability for gamers to play the games and test it out without having to take risks on buying it themselves. We ARE however looking at launching different learn to earn initiatives to reward gamers for reading reports, or upskilling themselves and learning about the metaverse. We also hold regular giveaways for our gamers. ✅

[May]

Beautiful!

Please give us a summary of your Q1 and Q2 2022 highlights and what major news should we look forward to from Balthazar in Q3 of 2022?

[John Stefandis]

A few of our key highlights so far:

🏰 $3 MILLION Token Sale led by Animoca Brands

🏰 Team update with our newest hire Luke Jech

🏰 Community growth and launching onto TikTok

🏰. Scholarship Program live

🏰. Long-Term Scholar Incentive Program launched

🏰 Website redesign

🏰. Over 10 Research Reports including Splinterlands, Tezos, Algorand and more!

🏰. NFT Management Program

🏰. Beta Marketplace

🏰 Partnership with MetaENGINE

🏰 Lending deals for $1m splinterlands assets and $2m aavegotchi assets

coming up

🏰 Launchpad going live in June, currently speaking to 35 games

🏰 Balthazar Academy initiative in Madagascar

🏰 Private round sale closed with some huge names

🏰 TGE date coming up

🏰 Upgrading lending system

🏰 Cross chain integration with launchpad and lending systems

[May]

🥳

This is all too exciting!

Looking forward to “launch” of the launchpad 😃

[John Stefandis]

Lots happening, and lots more to come

[May]

Yes indeed!

Let’s now take questions from our very enthusiastic Twitter community!

Segment 2 — Twitter Questions

[May]

Could you tell us about Balthazar’s game evaluation criteria, how does Balthazar evaluate the games? Could you tell us about Balthazar’s game team?

Twitter Username: @memocan2611

[John Stefandis]

Great question,

Our Alpha team (led by esports professional NicoThePico), uses an internal scoring system that includes:

Game

- Gameplay

- Lore

- Artwork

- Music

Business

- Team

- Whitepaper

- Tokenomics

- Partnerships / investors

- Blockchain

Community

- Website

- Socials

- General user experience and accessibility

We’ve also got some very exciting news coming, where we will be launching a scoring system 🙂

The rest of the team all have backgrounds in gaming, mixed with business strategy, and teaching which makes for a great combination

[May]

https://t.me/decentralized_club/845667

A great combination indeed!

What are the main markets or regions of the world in which Balthazar expects to develop and expand in a primary way? In which countries do you expect to focus the growth of your project in these early stages?

Thank you!

Twitter Username: @iracundito

[John Stefandis]

Great question! At the moment a lot of our community is spread, but we’re launching something exciting called the Balthazar Academy, which will be focused in Africa (starting with Madagascar), so a lot of our gamer community will come from there — particularly on the play to earn side ✅

[May]

👏🏼👏🏼👏🏼

Some good news for Madagascar 🇲🇬

I’ve often heard of gaming platforms using the Play-to-earn model, but you’re using the Rent To Earn model. Can you explain what Rent To Earn is? How do users benefit from the model?

Twitter Username: @MinhTrung123456

[John Stefandis]

Yes ! So , our gamers are still able to “play to earn” the only difference is we don;t own the assets that they are playing with — our community does! So, same concept but the assets ownership is decentralized 🙂 ✅

[May]

What kind of partnerships can we expect from “#BalthazarTeam” platform? with different platforms or projects in the future? How can other platforms and projects benefit the platform?

Twitter Username: @Rifat2990

[John Stefandis]

So we pride ourselves on partnerships and we have a lot of very cool ones that we’ve signed, or in the works. Key partnerships for us include:

- Gaming engines (we want to access games at an early stage, when they’re deciding which platforms to build on

- Protocols (we’re partnered with Fantom, and Algorand and are having some great conversations with some other big names for this round)

- Gaming studios — we have some really big announcements coming here, stay tuned

- Other great tech — as we’re building infrastructure, integration and cooperation is so important

- Esports — when games get good enough, we want to be able to help take them to the next level (currently in some really cool talks with key players in this space too) ✅

[May]

https://t.me/decentralized_club/845676

[May]

What kind of partnerships can we expect from “#BalthazarTeam” platform? with different platforms or projects in the future? How can other platforms and projects benefit the platform?

Twitter Username: @Rifat2990

[John Stefandis]

So we pride ourselves on partnerships and we have a lot of very cool ones that we’ve signed, or in the works. Key partnerships for us include:

- Gaming engines (we want to access games at an early stage, when they’re deciding which platforms to build on

- Protocols (we’re partnered with Fantom, and Algorand and are having some great conversations with some other big names for this round)

- Gaming studios — we have some really big announcements coming here, stay tuned

- Other great tech — as we’re building infrastructure, integration and cooperation is so important

- Esports — when games get good enough, we want to be able to help take them to the next level (currently in some really cool talks with key players in this space too) ✅

[May]

Are you aware that there are some traditional players who are not crypto oriented but can also contribute to the growth of blockchain games? What plans do the #BalthazarTeam team have for these set of players?Are there plans to also integrate them into the game?

Twitter Username: @JonHerry18

[John Stefandis]

I want to say on this question — it’s one of the most important levers in the play to earn space evolving and becoming widely adopted.

The reason we want to work with game studios, and engines is because we want to ensure we can help support the creation of amazing games that non crypto gamers WANT to play.

Gaming could actually be one of the biggest drivers for wide adoption of crypto as the use case (crypto as an economy for amazing games), is super relevant.

So yes, this is a very important customer segment to us and we want to make our platform very very easy for them to use and play web3 games. ✅

[May]

👏🏼👏🏼👏🏼

Spot-on answers!

I’m enjoying this session!

We’re about to take questions from our live audience!

I’m sure they’re as excited as I am.

[John Stefandis]

Awesome, I’m excited too!

[May]

Yaaaay!

In this 3rd segment, I will open the group for some seconds for the live community to shoot you some pressing questions.

Please pick five original questions to answer.

Try to ignore generic, vague, and copy-paste questions 😊

AMA Rules for the community

https://t.me/DC_Court/22754

Dear guest, what’s your favorite game of all time?

[John Stefandis]

Dota2 🙂

I think it’s perfectly balanced

[May]

Awesome!

Dear community, as a measure to deter bots and reward hunters, please include the guest’s answer above and a blue heart emoji 💙 in your questions.

DO NOT TAG THE GUEST

The group will be unmuted now.

Unmuting in..

3

2

1

— -Chat was then opened for the live community to send in their questions — -

Segment 3 — Live Questions

[May]

Awesome!

Dear guest, as a measure to deter bots and reward hunters, your favorite game and a blue heart emoji 💙 has been included in the original questions.

Please prioritize such questions 🥳

[Sir DeFi]

🥇 I am curious about the name of your project “Balthazar” could you tell us about the story behind the name? Why did you choose this name and how does the team identify with it? What does it mean to you?

Dota2 💙

[John Stefandis]

My team and I named Balthazar based on inspiration from our favorite restaurant in New York, and a favorite character in a TV show who flips a coin; and a few other secret references. We also thought it aligned well with the gaming industry.

[May]

🥳

[Starc]

Dota 2 💙

Considering the current state of the market, providing stability should be one of the main focuses on which Balthazar should focus. So, what strategies are being implemented to keep your economic model intact and provide stability to your users’ investments?

[John Stefandis]

This is a good question — although the game economics are controlled by the games themselves, our reports play a key role in bringing good/bad tokenomic systems to life and ensuring games build for sustainability

[May]

🥳

[Crypto Investor]

Does Balthazar offer a space on the platform where people can interact socially with each other,for example,is there a contact area where an NFT owner can contact the person who wants to rent an NFT? How will Balthazar NFT owners be able to publish their NFT leases?💙

[John Stefandis]

Our discord is a really good place to engage! There are all sorts of really cool rooms where you can even participate in singing contests we reward you for 🙂

[May]

Discord link everyone 🥳

https://discord.com/invite/balthazar

[Platon]

Do token holders have the right to participate in the management of other projects? Will they be able to vote on a new decision about the project?

Thank you so much for answering my question.

[John Stefandis]

Yes this is a great question! Token holders will have governance, which will be published post TGE (the protocol). At the end of the day Balthazar is owned by the community, our job is simply to guide the system. We will release certain features for voting which may include which projects/games to write about next or launch and progress to deeper governance from there.

[May]

🥳

[Taiwo Bisayo]

When should we be expecting the launch of Balthazar public sales?

[John Stefandis]

Estimated TGE Date is July 🙂 But we may push it back depending on how the market feels and how our product develops.

[May]

Can’t wait!

Do you want to take one more question? 🥳

[Moner Moto Manush]

Do you have audit certificates or are you working to audit your project, to make it more secure and reliable?

[John Stefandis]

Yes absolutely, before we go live, they will be audited. We’re currently working with a few different auditors on which one is right for us.

With blockchains where smart contracts can be deployed, we deploy smart contracts that are peer-reviewed and security audited and help provide trustless delegation. Where smart contracts cannot be utilized, assets are stored in cold wallets, or key-wrapped hot wallets, with limited access, multiple checkpoints when initiating transactions, and monitoring.

[May]

Aaaaand it’s a wrap!

This has been an enlightening session!

There is more to Balthazar Guild than I initially thought when we scheduled the AMA!

[John Stefandis]

Yes! We are working hard to build amazing, useful products

It was really great to be on here, and your questions were really nice to read.

[May]

Before you go, can you talk a bit about your Gaming Scholarships?

Just a short note or links to resources. ✨

[John Stefandis]

Yes of course

You can apply for a scholarship here:

https://my.bltzr.gg/scholarships

We offer a variety of games for our scholars to play

And as we launch more games through our launchpad, the number of games we offer will increase

We will look to integrate through a protocol we provide to games cross chain, more to look forward to in Q4 and Q3 🙂

[May]

This is officially my favorite sector of Balthazar! :)

[John Stefandis]

If you want to stay involved, please check out our link here:

https://bltzr.gg/expression-of-interest/

to regier for our IDO and info

[May]

Pinned!

[May]

An impressive project, an intelligent guest and amazing questions from our community!

We have come to the end of this AMA!

[John Stefandis]

Legends! So great to be here, thanks again for your questions

[May]

Thank you so much Mr. Stefandis for your time with us today!

It was a blast!

https://t.me/Balthazarguild

Everyone join here to stay updated. Their Discord is pretty cool too!

Our warm regards to the rest of the Balthazar team at the HQ working to make this project a success! 🥳

You are a super project! 🥳

Until next time, do have a great day!

[John Stefandis]

thanks all 🙂

[May]

The AMA with Balthazar is now over.

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