AMA with Padlock
On the 3rd of January, 2022 at 14:00 UTC, Decentralized Club had the honor of hosting Pablo Copelli (CTO and Blockchain Developer) from PadLock️ token 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 PadLock token 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, สวัสดี, 大家好, नमस्ते, Selamat!
My name is May and I'll be hosting the AMA with PadLock Token.
Today, we have with us a guest from the PadLock Token Team.
Hi everyone. Nice to be here.
It's good to have you
How is your day going?
Great thrilled to be here!
You're welcome to the Decentralized Club 🥳
Before we get into the session, can we get to know more about you and your role at PadLock?
The team is led by Pablo Copelli. I have experience in programming as well as in the development of blockchain technologies. I studied at MIT and specialized in advanced programming at Berkley. My first experiences were in well-known American corporations and since then I have always worked in the R&D sector. In the past years, I have focused my career on the development of smart contracts and execution in the blockchain.
Let's get right into the session.
Can you tell us about PadLock and the inspiration that got it started?
Where Web2 brought instant messaging and effortless video calls, it also surfaced countless lapses in security, privacy, and data ownership issues. Corporations have access to the most intimate details about any individual, and sadly, they’re more than willing to exploit this data by offering invasive ad targeting to their advertising partners.
We are strong believers in the democratization of decentralized technologies to bring good to all. PadLock is all about security and trust. It’s a serious and solid project, based on securing your digital communications.
With PadLock, we plan to bring crypto and non-crypto natives into our platform by developing applications that non-crypto natives use daily but adding a layer of security.
While the distinctive features of our platform will bring great benefits to the end-users, they won’t notice that the platform is different from any of their current Apps when using it. Functionalities will be the same as well as a user interface. The main difference is that no one will have to worry about what happens if they lose their phone, if someone hacks their computer, who will have access to what they share or do.
Wow! It is a very intriguing opener.
What innovative solution is PadLock bringing to topple its competitors with similar offerings in the DeFi sector?
While only 40% of cryptocurrency projects are based on improving the blockchain and its compatibility, the rest are based on creating currencies without meaning or without a real project behind them. To give you an example: if we take a look at the top currencies that existed 10 years ago, from that list, only 3 are left today.
Ours is a project that falls within the first category, which is looking to improve the world through leveraging blockchain technologies. We are a company with a solid plan to be in the market for the long term. We believe that solutions based on blockchain technology, such as dApps, are undoubtedly the future.
Decentralized applications are designed to distribute power and control among all participants instead of vesting it into the hands of a few central figures.
The PadLock project is leveraging this technology to give users 100% ownership of their data. As a decentralized ecosystem, there are no corporate servers through which someone could snoop. With PadLock, private communications are actually private.
PadLock Dapps platform, Qamilio, is all based on security and trust thanks to the decentralization nature of the project. Some of the key ones that we believe will make this project outstand from its competitors:
- Total control of your own data, as we don’t store any of your data, not even the keys to access the dApp.
- Zero risk of data leaks, viruses, or malicious attacks. By working on the blockchain, no one can modify or corrupt the information you are sharing.
- Reduction of the storage needs. As all data will be stored in the blockchain.
- Profile verification system through smart contracts to avoid scams.
We are also working on the creation of a friendly UI/UX inspired by current communications Apps, so all users will find it as easy as using any centralized App.
And we plan to ask the community to contribute with their ideas so we can integrate them in future updates of our DApps. DApps will be available in open source and free for all.
Dear community, I hope you got all the answers! 🥳
Can you tell us about your native token and its utilities?
Living on the Binance Smart Chain, PadLock Token ($PDL) is a BEP-20 token that’s designed to serve as the core currency of the PadLock ecosystem.
$PDL is a BEP-20 token mainly due to two reasons: in terms of development, it’s much easier to adapt the DApps with bridges between the different types of blockchain from BEP 20 than from ERC 20. The second reason is merely related to fees, which are much lower with BEP-20 tokens.
We are strong believers in transparent and fair tokenomics. To prove our commitment to this philosophy, we’ve already locked the liquidity pool assets until 2030, a step that has effectively cut out the option for a “rug pull”.
Furthermore, the entire project is audited by a world-class team of blockchain experts at Block Solutions. This ensures that the smart contracts powering this token are bug-free and secure.
To sum up, some of our token key strengths:
- Liquidity locked till 2030
- 5% tax in each transaction to be added to LP and locked
- Contract audited before token launch
As mentioned before, this is a long-term project sustained by a token that will get stronger as the project builds up.
Another great answer!
What is your relationship with Qamilio?
During the past year, we have not only been investing our time and resources in the launch of the token but also in the development of the dApps, to ensure we can meet the established roadmap. We believe a strong project is as important as a strong token and that both things can’t be understood separately.
The road map for the next couple of years is as follows:
- Q1 2022: dApps hub release + instant messaging feature
- Q2 2022: voice calls
- Q3 2022: video calls
- Q4 2022: file transfer
- Q1 2023: email service
We believe the hub should be distinctive enough from what’s currently in the market, but, at the same time, we don’t want it to be too techy or complex that it may set apart regular users, without knowledge of blockchain technologies.
Of course, the crypto community will bring the early adopters and it’s the first target with which we aim to establish a community that will participate in the development of the project. But we can’t forget that the platform is to be deployed globally, with no limitation of territory, age or gender, cultural background, technology knowledge… And we believe Qamilio accomplishes all that.
Just like the reptilian color-changing counterpart, Qamilio can blend seamlessly into any communications situation, adapting to the needs of its users. Whether a person needs to communicate guaranteeing their anonymity or if, instead, it needs to validate its identity to avoid scams, Qamilio is there to help.
Wouldn’t you trust him as your go-to platform to communicate by any means?
Please give us a summary of your 2021 highlights and what major news should we look forward to from PadLock in 2022?
In 2021 PadLock token was listed after a successful Private Sale and Pre-Sale, following the established roadmap. During the past year, we have been working on connectivity modules between blockchain and smart contracts, we have already finished the encryption modules for messaging packages and we are finishing Qamilio’s platform and first dApp UX/UI.
Following this same roadmap, during Q1 2022 the dApp hub and its first function, instant messaging, will be released. This is all to ensure that during Q1 of this year we’ll launch the platform featuring the instant message functionality.
We have already started communicating the dApp name, logo… before the launch of the hub itself by the end of this quarter (desktop + App).
And – THIS IS BIG NEWS – next week, we’ll release the beta test version of the instant message app (website version only available).
We invite everyone to visit the dApps platform website, Qamilio, to know more about the project (https://www.qamilio.com/dapp). And, for the ones interested in the beta test, they can send their emails through the website and we’ll be in touch shortly.
We look forward to hearing more good news from PadLock and Qamilio!
It's now time to take questions from our Twitter community!
Segment 2 - Twitter Questions
What is the background of your project, the team do you think the team's qualifications, and experience, able to support the long-term development of the project?
Twitter Username: @RichAirdrop1
I have already briefly introduced myself and my background in programming in general and, more specifically, in the development of blockchain technology when we started the AMA session. So, let’s not just talk about me! 😀
Beyond myself, the project has an extensive group of collaborators from different fields. The team behind the project has been working for several years in blockchain projects, they have high capacity in the cryptography and IT security areas and in the management and implementation of smart contracts in both ERC and BEP networks. They have been part of the development support of several projects like Solana, Cardano, Zoo Coin, and Aerotyne, among others.
Also, it is important to note that while the team behind the project is global, the company responsible for the issuance of the token and the launch of the project has been established in Estonia.
A round of applause for the team at the PadLock HQ! You're all rockstars!
How important is the community to you? and how can we collaborate or help you with the development of the project?
Twitter Username: @ShahidirSohail
By leveraging blockchain technology, the project has a community-first approach, bringing unprecedented transparency and democratic data policies to the masses.
Community is everything for us. We are building a project that was born following a specific need giving answers to an issue that, nowadays, everyone is facing: the lack of security and trust in the use of digital communications. And we want to keep listening to our community when building it, to ensure the project works in this direction.
We’ll do so mainly by asking them to test and give feedback on any of our functions before their release. And also, through the open-source code, which will be available to anyone to help us improve.
As mentioned before, anyone interested in the beta testing of the instant message dApp can already drop us their email through Qamilio’s website (https://www.qamilio.com/dapp) and we’ll be reaching them in about a week with more details on how to participate in the beta test.
And, of course, you can also be part of the project by trading or adding liquidity at PancakeSwap (Contract: 0x16eCb992fb60dEF293Dd6023E1F96EA39a73C194)
Revenue is a key factor for all projects to survive and keep the projects running. What is PadLock's way of generating profit and revenue? What is your revenue model?
Twitter Username: @JandaBohayy
The tokenomics has been established in a way to ensure that both the token and the project are actively communicated thanks to a 3% tax being distributed automatically for marketing purposes. So the more the project and the token grow, the more we’ll reinvest in promoting both.
Beyond website and social media channels (Twitter, Telegram, and YouTube), we are allocating resources for PR and influencers to ensure the project stands out and is known by all the community.
You have to consider that the project will be available online free of charge for anyone to use it. Therefore, the role of the token is key as it’s the main source of income for the project to be developed. As soon as we start releasing the first DdApp, we expect to gain even more interest in both the project and the token.
We are also working on strategic alliances to ensure our project stands out, attracts more users, and consolidates its position inside and outside the crypto world.
How can I buy these tokens? Is it available on any exchange? All project coins have their main utilities & real-life usecase! So, can you tell us What is the main role of your coin in your ecosystem?
Twitter Username: @rendiberenet
Currently, the PadLock token is available on DEX with the USDT pair. But it can be swapped from any other crypto available at Pancake.
You can support the project by trading, providing liquidity & swapping PadLock’s token, (ticker: $PDL) at PancakeSwap → Link: https://bit.ly/3feaIjF
Beyond Pancake, The token can also be traded at PooCoin, BurgerSwap, ZeroSwap, DexGuru, DoDo, Matcha, 1inch, PlasmaFinance
For the ones with less experience in trading in DEX, they can find a short explanation deck on how to buy PadLock token ($PDL) on our website:
We all know that decentralized messages can make simple conversations secure. However, decentralization alone can't guarantee from exploits and hacks. Can you please describe to us your platform's security features and how would you ensure that all of your users are safe?
Twitter Username: @0JeanWayne
The token contract has passed two audits already: one was performed by Coinsbit, before the IEO/PreSale stage and the other one by Block Solutions. You can find the latter by clicking on “Documents”, on the upper bar of our website.
The whole project has been established as a way to guarantee security to its users. That’s why the project works 100% on the blockchain, benefiting from blockchain security protocols.
Users’ sensitive (and non-sensitive) information will be encrypted inside information blocks that will be distributed within the blockchain.
Not to be mentioned, that by working with the blockchain all information is secured, encrypted, unalterable, and can’t be sniffed. All data is backed up in the blockchain, so it can always be recovered, freeing your device from current Apps storage needs.
All smart contracts and dApps open-source code have been and will be audited in each step of the development process to ensure there will be no vulnerabilities.
So much has been done in furtherance of the PadLock project! It's very impressive!
Security is very important and I'm glad the people at PadLock are taking it seriously!
It's now time to take questions from our live audience.
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 😊
What's your favorite sport?
Dear community, to show originality, please add the guest's favorite sport in FULL to your answers.
Please send in your best questions 🥳
The group will be unmuted shortly.
---Chat was then opened for the live community to send in their questions---
Segment 3 - Live Questions
Dear guest, please pick five questions now to answer!
sure give me one sec please..many many questions... 🙂
Your favorite sport "coding" has been included in the questions to show originality 🥳
Kindly prioritize those questions
Security is one the most important factor to consider when building a strong project
Do you have a strong security system? Have you passed any AUDITS.?
We are seeing lots of questions related to security and why to trust Qamilio as the go-to platform for your daily communications. So, why should you shift from your current communications Apps to Qamilio?
First to be considered is that big corporations (WhatsApp, Skype, Google…) require your personal identification which is kept, along with all the data you share and your behavior, in their private servers. Allowing them to use it or sell it, making big profits from it. But also, by storing it in private servers, they are putting it at risk for malicious attacks and data leaks.
Qamilio works 100% on the blockchain. It doesn’t request nor store any personal data.
All communications are sent and received as data packages within the blockchain. Data packages are sent and validated automatically without the intervention of any third party and can only be accessed and decrypted with the user wallet ID.
What are plans for Global expansion? Are you focusing on the market at this time or focus on building and developing or getting customers and users, or partnerships? coding
While the company responsible for the launch of the project and the token is in Estonia, the team behind the project is global.
The target market is worldwide, without limitation of territory, due to the use of blockchain. We’ll also launch the dApps in several languages to ensure they can be used as broadly as possible.
We aim at bringing crypto and non-crypto natives into our dApps platform by developing applications that non-crypto natives use daily (text, audio, video, file sharing, email...) but secure and trusted, by removing any central authority and any corporate server to ensure no one has access to your personal data and removing the risk of attacks and data leaks.
We are also finishing the creation of a friendly user experience and interface inspired by current communications Apps (haven’t you met Qamilio already? ☺). For an end-user, they’ll find it as easy to use our dApps platform as with their current digital communications apps.
PadLock is an important project but requires a significant amount of user traffic to survive in the long term. What marketing strategies are you thinking of to increase the credibility of your brand? Are you considering forming a strategic partnership to help you move forward?
We are already working on strategic alliances with companies in different sectors to successfully apply the broad range of solutions that we’ll be releasing within the next year, adapted to the corporations’ needs.
Qamilio is the visible face of our dApps platform, but what’s behind it can and will benefit many different businesses, from content validation to secure transferring, there’s much more to expect from our platform. You just need to stay tuned to our dApps hub release and, from there, many more things will be communicated.
Could you tell us when the Qamilio DApp will be ready and if there would be any BETA version to test it?
Website beta testing of instant messaging features will be available next week. For anyone interested in participating, please, send us your email through Qamilio’s website form (https://www.qamilio.com/dapp#subscribe).
We suggest everyone follow Qamilio on Twitter for updates on the dApps releases.
It strikes me that PadLock recently announced a giveaway. So, can you give us more information about this giveaway? What are the requirements to participate and what rewards will be distributed?
The token has been designed mainly to support the development of the communications and security DApps and the data package transactions of DApps. We just explained the established RoadMap for the token and the project. But for us, this is just the beginning.
As explained, PadLock token is the token that backs up Qamilio, an extremely complete communication dApp hub, free for all, with unique characteristics that make it stand out from any of its competitors. In the future, there will be other functions linked to the project's current functions. We are already working in this direction when building strategic alliances.
Qamilio is currently in its testing phase and it still has many features to be revealed. In the future, in some of its features, we expect holders to be able to use $PDL to access some of its services, like accelerating transfers, verification of content and authentication of documents for transfers, notarial deeds or legal processes such as loans, hybrid applications between P2P and blockchain...
Any cryptocurrency that backs up a project as we do has different functionalities, many users behind it, and is totally functional, therefore, it has an exponential value. This is the path we are looking to achieve with PadLock (along with and thanks to this great community we are building).
To name a specific event where holders can benefit from acquiring $PDL: as of today, a giveaway campaign went live. All $PDL buyers who buy $PDL during February and hold it till March 1st will enter a lottery of 1.000 USDT value in $PDLs. There will be 10 winners who will automatically receive 100 USDT in $PDL in their wallets by February 2nd. Don’t miss the chance to become a holder and be one of the 10 winners!
Can you please answer one more question? 🥳
Give me one sec…
[Miss Apaansi CumaNanya]
Does the PadLock platform suit only for professional users? What about basic users? Do you provide assistance and training? Or maybe there is a tutorial available?
Qamilio hub, backed up by PadLock token, has been designed for both individuals and professionals.
We are designing a platform that anyone can use, no matter what their tech experience or background is.
We are also working on tutorials to explain how the platform will work. Though, it will be very intuitive and, in terms of UX/UI, similar to current comms dApps.
The main difference will be in the security and trust that it provides, but for non-crypto users or people that are not familiar with blockchain technology, the only difference they’ll actually notice will be in the log-in, as they’ll need to have a MetaMask wallet to do so.
Aaaaannd it's a wrap! 🥳
Thank you so much for your time with us today!
It was an enlightening session!
Any closing remarks for our community?
Thank you all for your interest in our token and project. We are strong believers in the democratization of decentralized technologies to bring good to all. To do so, we need a strong community that helps us keep moving forward with the development of our projects.
Don’t forget to follow, share and post on our channels. We’ll be happy to keep the conversation going there.
Here you’ll find all relevant links that could be of your interest:
PadLock website: https://PadLocktoken.io/
PadLock Twitter channel: https://twitter.com/TokenPadLock
PadLock Telegram channel: https://t.me/PadLocktoken
Buy PadLock at Pancake Swap: http://bit.ly/3feaIjF
Qamilio website: https://www.qamilio.com/dapp
Qamilio Twitter: https://t.me/qamiliodapp
See you soon!
Our warm regards to the rest of the PadLock Team at the HQ working hard to make this project a success
Until next time, do have a great day!
Thanks to all!
The AMA with PadLock is now over.