AMA with onPlanet
On the 24th of February, 2022 at 13:00 UTC, Decentralized Club had the honor of hosting Ali and LT from onPlanet for an Ask-Me-Anything session on their Telegram page with a community of over 70,000 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, 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 onPlanet 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
Hello, 大家好, नमस्ते, Selamat!
It's your favorite host, May, again 🥳
We're expecting an amazing session with the guests from onPlanet today!
If you're excited, react to this message 🥳
Our guests today are @LTonPlanet and @AliOnPlanet!
You're welcome to the Đecentralized Člub
Thank you for having us!
Hey. Thank you. Very excited to be here.
It's an honor to have you both
How's your day going?
Very good. How are you doing?
It's good so far! I have four kids and they are currently dominating the house 😄
Doing very well, thank you
That's what kids do 🥳
Once again, it's a pleasure to have you both as representatives of onPlanet in our community.
Could you please tell us more about yourselves and your roles at onPlanet?
I’m Ali and I’m the lead full-stack Blockchain developer at onPlanet.
I am a web 3.0 enthusiast who is passionate about building innovative blockchain-powered applications. I have years of combined experience related to application architecture, web development, and smart contract programming.
Sure thing! I’m LT and the CTO of onPlanet. I manage the "big picture" of how everything is pulled together - from the contracts, the dApp, the UI, and the User Experience.
I’ve spent 20 years as an IT professional, working in the public, education, medical, and private sectors, starting as a help desk technician culminating in founding my own firm.
One of my most valuable skills is the ability to translate ideas between the vastly different worlds of finance, information technology, programming, and user experience.
Thanks again for having us here today!
Whoa! We have experienced professionals in our midst! Amazing achievements, Ali and LT 👏🏻👏🏻👏🏻
Let's get right into the session with these introduction questions
Can you briefly tell us what onPlanet is about? We would like to know more about it and the inspiration that birthed the project.
onPlanet is a social crypto platform utilizing a model similar to the way start-up capital is generated in Silicon Valley. It's all about content collaboration, provenance, and asset management. It's based on our previously-built and deployed social media platform to create a purpose-driven community for crypto entrepreneurs, teams, and creators to market their brands and projects, find talent and build teams, seek mentorship, and offer subscription-model-based liquidity pools. Creators can also issue NFTs that offer perks and rewards.
To summarize, onPlanet attempts to solve the problem of tokenized asset protection (NFTs) while also allowing users to leverage their original to securely generate revenue.
onPlanet is an original platform and model that we've built from the ground up, which already exists, but only inside of academic circles under a different name. It's all about content collaboration, provenance, and asset management.
And with the sudden onset of NFTs and the general public starting to both observe and understand the value of decentralized assets, there’s now a need to protect those assets and keep them away from unauthorized access. The problem becomes: how do we keep things private - and under the sole control of the owner - in a place where every bit of recorded data is public?
A minute for the community to read
What are the innovative solutions that distinguish onPlanet from other launchpad and community-based projects and what competitive advantages do you have?
We are looking to deliver the following features via our platform:
- Clear visual record of ownership/chain or custody for NFTs and uploaded content.
- Direct and delegated viewership/access/sharing control of NFTs and content, down to an individual level.
- On-chain MFA authentication.
- Ability to bank tokens.
- Asset (NFT and personal content) and token protection in case of wallet compromise.
We've been managing a platform that tokenizes content in a centralized environment for over a decade and we've even been awarded two patents for innovations in PKI and Cyber Infrastructure. But the platform as-is wasn't perfectly suited for social media; it's more content-focused and fewer people-focused (it's built for sharing papers, data, case studies, etc). So now we're fine-tuning the front-end to be more like social while adapting the back-end functionality to work with contracts and blockchain rather than SQL databases and data centers.
We've probably thought about competitive advantages more than any other during our development process. And the answer comes from our team's personal experiences in the crypto world. As we all know, the journey from novice to expert can be long and frustrating and you spend most of your time searching disparate places for what should be a simple explanation, or example, so...
onPlanet is designed for both the person new to crypto and the expert. It will allow the new user to come to the crypto world in an unthreatening, social way and learn how to safely invest, as well as experience all that Web3 can offer. Users can learn, build a following, create a brand, and launch their own project token, as well. onPlanet is a social, informational, and wealth creation tool all in one space. Great for the individual, creators, and teams to come together and build together.
What are the criteria for projects to use your launchpad?
There will be no special criteria and it will be open to the public. Our launchpad will be similar in functionality to Pinksale and Dx but it will be a lot easier to use for newcomers.
This is a great question; literally, no other AMA has asked us this before!
Anyone with a BSC wallet can use onPlanet; it's been built for users and creators alike.
Those who never participate in the content creation/launchpad aspect of the platform still get all of the benefits I talked about before, but content creators - professionals, musicians, authors, independent journalists, actors, illustrators, etc. - can leverage the following and subscribership they’ve garnered to then launch their own, independently funded projects. We are leveraging both ERC-1155 (NFT) and BEP-20 token schemes as the methodology to be used to measure things like fractional ownership, entitlement qualification, record keeping, etc.
How do we acquire your native project token $OP and why is it important to hold it from an investment point of view?
We will be offering a FairLaunch on PinkSale 01.03.22 @ 2:30 PM UTC. Anyone can contribute to that. It is open to everyone :)
Is there a link yet? :)
Once the Presale is over you'll be able to get $OP via Pancakes Wap as well. We've also partnered with Flooz, and you'll be able to purchase $OP directly from our webpage using a debit card.
From a long-term investment perspective, holders will benefit from a deflationary token model from the start, then benefit from a staking model once the token price has lifted.
Our fairLaunch has not been set up yet. The link will be available very soon. Keep an eye on our social media channels. :)
That's fine ☺️
What are the 2021 highlights from onPlanet and should we look forward to this year?
The social and content management engine of the new onPlanet dApp is already complete. We’re currently spending some time refocusing it on the crypto web3 environment. We want it to be something unique in space. And, our team loves to build for the future, so you can be sure you’ll be seeing lots of new functionalities incorporated into the upcoming dApp over the weeks and months ahead. Our current roadmap is for the social and the initial functionalities of project funding to roll out in Q2.
Looking forward to what you have in store for your community!
Let's now take some questions from our Twitter community.
Segment 2 - Twitter Questions
Nobody can guarantee the security of a Smart Contract. But Audit plays an important role to find out the known bugs of smart contracts. Can #OnPlanet tell us how strong your security is? Has OnPlanet done an audit by any third party?
Twitter Username: @marinase02
Security always comes first. We have spent countless hours unit testing every possible scenario and threat vector. We have received our Audit finalization from Certik (https://www.certik.com/projects/onplanet). And, if you’re in the crypto space, you know that a Certik audit is the absolute gold standard.
Yes, it is!
Congratulations on your Certik audit! 🥳
Thanks! Still waiting for them to turn on SkyNet.
Is the Staking program very important for any project? Can I stake your token? Do you have any plan of starting a staking program?
Twitter Username: @SobujMia072
Our contract is designed to transition from a buy-back and burn to a staking model. We will launch the contract as a B3 model and send a portion of each buy back into a wallet address that will be used as the tokens for the staking pool. When the B3 phase is over, we will disable the token burning altogether and deploy a separate staking contract.
Our staking program is one of the unique features of the onPlanet ecosystem and we’re going to be giving out those details in the coming weeks on our social channels and in the press. We hope that you’ll follow our progress to learn more about them!
Are you afraid someday there will be another project with more innovative technology that can replace your project?
Twitter Username: @HoseanSejan
We are not afraid at all. Our mission is to empower content creators and bring this crypto knowledge to the hand of a common person. This space is vastly untapped and it has potential for multiple players. We would love to see other projects working on the same mission as ours.
That's great news! Love the confidence!
One of OnPlanet's key features is "Off-Chain HyperBurn." Will you explain its benefits and advantages in terms of the investment and token value for a certain project? How will your one-of-a-kind burning method contribute to the creation of the token's price and value?
Twitter Username: @imwiiw27
Hyper Burns are unique to onPlanet. We wanted a way, aside from our Grant Program (which we'll be announcing soon) to reward OP holders who also utilized the dApp as part of their social or project development life. When dApp users - or the dApp itself - achieves certain milestones (e.g. # of users, subscription level, token launch, etc.) we will initiate a massive burn of OP tokens which will decrease the supply and, along with our regular buy-back and burns, will help create an increasing price floor.
Looking forward to that announcement!
Do you allow suggestions and feedback from the community? Are we allowed in decision-making, do you put the community into consideration?
Twitter Username: @Cryptolover279
We covet feedback from our community and our all decisions and progress is totally based on it. In our DApp, $OP will be used as DAO tokens, and holders will be making key decisions for the platform.
Much of the feedback we've gotten over the past few months have shaped even how we present our platform; we are constantly learning from and including user feedback 😄
It's time to get more feedback 🤠
In a minute, our live audience will flood us with questions about onPlanet
What’s your favorite social media platform?
My personal favorite is Twitter, but we are centered here on Telegram.
Dear community, please include the guest’s answer above in your questions 🥳
Follow @onPlanet 🥳
The group will be unmuted shortly!
Like this post, if you're ready with your questions!
---Chat was then opened for the live community to send in their questions---
Segment 3 - Live Questions
Hello, I'm a newbie in the crypto world. How can I buy your token? or is it difficult for me? Which exchange should I buy your token from? I hope onPlanet will be very good. I had also visited the website.#MetaGin
Hey. Welcome to this world. We are launching our Fair Launch on March 1st. Do participate in that.
What's about the market condition buddy is it going to be good or bad
The Conditions are good. Our community is increasing day by day. We are hopeful for an amazing launch.
Hi Mr. LT
Can you please talk about the part of your project for influencers?
Are you only a community for crypto influencers or can other niches like fashion and music join in?
This is a great question. We are designing the space to be for anyone, but also where any sort of content creator can benefit. There will still be a market for influencers, but professionals from other disciplines can build a platform and benefit.
Can you explain how onPlanet tokenomics is distributed? How many tokens will be minted? And how many tokens will be locked by the team?
The total supply is 1 billion. Out of which, 10% for the team, 60% for presale, and remaining for marketing and related activities.
Why is OnPlanet named like that? Any backstory about it?
This is a unique question, I love it. We've been watching the market for a long time now, and everyone is obsessed with their token reaching the moon. Our platform is one where we allow people to build a following and launch a project within their own space "on planet" in their attempts to reach the moon.
Why did you build onPlanet on this blockchain? Any plan to move on another blockchain, multichain, or mainnet?
We chose BSC to start because it is economical. We are definitely expanding across all other chains.
How do you create a product that makes it easy for anyone to access Web3? Do you have an OnPlanet wallet in development? To make it easier to explore NFT and make DeFi more accessible to everyone - who can lend DeFi or DEX?
Yep! We are currently in the development of an interface and process that simplifies the process of establishing an identity, minting NFTs, and creating a fully customized token with as little knowledge as possible. If you've ever tried to launch a token before, you know it can be very confusing. We want to simplify the process to as little as FOUR questions.
Can you answer some more questions? :)
[Oliandri Miguello Casandranova]
Many projects had attempted to build one with a big goal in mind, but only a few were making progress. What advantages does OnPlanet have to be able to realize its goal?
We already have a real-life product developed that's in use in a centralized fashion. We are transposing that application and structure to the blockchain. We're not making it up as we go along, but rather drawing from an existing product. We are introducing features to blockchain that have been present in the Enterprise world for a long time.
Most projects are solid during the launch period because they are equipped with good token and utility infrastructure but underperform soon after due to dumping by investors after the launch. exchange. What will OnPlanet do to mitigate those risks?
It's not an exaggeration to say that we've been OBSESSED with making sure that whales can't dump on the project. We've watched so many tokens fail because a whale sells a significant portion of tokens and starts a panicked sell-off.
We've put anti-bot and anti-whale provisions in our case to prevent massive sell-offs, and limited the maximum sell of tokens to 1% of the total supply.
Aaannnnd it's a wrap! 🥳
Thank you so much, dear guests for your time with us today!
We had a swell time!
Can you please share all your social media links with our community so we can keep tabs on yours?
Thanks for having us.
Any closing remarks as well? :)
I have to say - these were some of the best questions we've gotten. Thank you so much for having us!
Thanks again for having us! Have a great week!
Our warm regards to the rest of the awesome team at the onPlanet HQ working tirelessly to make this project a success!
Until next time, do have a great day!
The AMA with onPlanet is now over.