Decentralized Club
13 min readJul 16, 2023

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AMA with Rada

On 13TH July, 2023 at 10 AM UTC, Decentralized Club

had the honor of hosting Thomas Jinhyuk Park (Jin), COO and Kyung

Joon Kwon (KJ), CEO for an Ask- Me- Anything session on their

Telegram page with a community of over 60,000

people. It was hosted by DC Admin, Miss Futuristi.

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

RADA 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

> Miss Futuristi:

Hello there Decentralised Club. It’s your fantastic Futuristi and I will be your host for today for a

yet another awesome AMA session with Thomas Jinhyuk Park (Jin), COO and Kyung Joon Kwon

(KJ), CEO, RADA

> Miss Futuristi:

Community please welcome and give a big hands for our guests for today @JIN_RADA and

@Kjkwon

A very warm welcome to you guys

> KJ Kwon:

Good to meet you all!

> Jin Park:

Hello everyone, thanks for joining us today:)

> Miss Futuristi:

Pleasure to meet you guys!

> Miss Futuristi:

So how is your day going?

> Jin Park:

We are all good! it’s exciting to be here today

> Miss Futuristi:

We are equally excited

Let’s commence!

> Miss Futuristi:

First of all kindly introduce yourself to our community

> Jin Park:

I am Thomas Jinhyuk Park from RADA. People often call me as Jin and I work as a COO of RADA

Foundation

> KJ Kwon:

We are very excited to be here with you guys.

We are RADA team, football mad team with vision and strategy!

K-J here.

> Miss Futuristi:

Perfection

Let me quickly explain the flow

> Miss Futuristi:

Segment 1 : Introduction Questions with Project team

Segment 2 : 5 best Question from Twitter Gets Answered

Segment 3 : Live Telegram Questions ,Best 5 Telegram questions get answered.

Kindly type"✅ " after you are done answering so we can move ahead.

> Miss Futuristi:

So we are good to start the introduction segment

Are you ready guys?

> Jin Park:



> KJ Kwon:

Sure thing!

> Jin Park:

Wow that’s a big tick :)

> Miss Futuristi:

Here it goes...

Can you start us off with the introduction to RADA Foundation and its major mission?

> Miss Futuristi:

Exactly ? ?

> Jin Park:

Yes. So to start off

Sports and Technology are inseparable, and with transparency, it can create a whole new

paradigm. RADA Foundation aims to implement a platform for actual football clubs in Europe in

that everyone and anyone with our tokens can participate; The actual interaction to build a better

future for all of us rather than only collective tokens.

> Jin Park: The mission of the RADA Foundation is to revolutionize the football industry by integrating

technology, transparency, and accountability into club decision-making. Through the purchase of

a football club and the implementation of blockchain technology, the foundation aims to foster fan

engagement, preserve club heritage, support youth players, and promote good corporate

governance in football management.

> Miss Futuristi:

Sounds very interesting

> Miss Futuristi:

Let us know more

> Miss Futuristi:

Can you please explain about the RADA DAO, RADA token RADA NFT, the overall Ecosystem?

> Jin Park:

Sure!

> Jin Park:

RADA Foundation primarily operates its projects through the DAO, which serves as the core of the

RADA ecosystem and runs a rookie development program. The foundation supports fundraising

and the development and management of the Web3 DAO platform, while the DAO members

handle projects within the platform. While the foundation has predetermined the first project for

the DAO, the DAO itself makes key decisions. Moreover, any DAO member can propose a new

DAO project in the sports/entertainment business and execute it once the proposal is approved

through voting.

> Jin Park:

RADA, built on the Ethereum network, utilizes the RADA cryptocurrency (ERC-20) as a

governance token. All activities conducted by the RADA Foundation are carried out through

transactions involving the RADA cryptocurrency. This includes the process of making proposals,

voting on the DAO platform, participating in the NFT drawing system, and funding for rookie

players.

> Jin Park:

RADA NFTs (ERC-721) offer unique utility features that set them apart from traditional collectible

NFTs. They are categorized into Contract Verification NFTs, Ambassador NFTs, Rookie Set NFTs,

and Funding NFTs. Some NFTs can be obtained through NFT draws using RADA tokens, while

others can be acquired by proposing funding for players and receiving acceptance from the DAO.

The most significant advantage of RADA NFTs is that they grant voting weight during participation

in voting, based on the type and quantity of NFTs held.

> Jin Park:

I hope this is enough to understand about the RADA NFT, Crypto and its ecosystem :)

> Miss Futuristi:

Yup that is

Thanks a lot for providing us with the details

> Miss Futuristi:

Now let’s move ahead

> Miss Futuristi:

Can you tell us about the RADA roadmap? What’s the current development flow?

> Jin Park:

We got pretty neat and detailed roadmap on our whitepaper and website. But to give you our

major plans;

By getting listed on Probit Global in the 3rd quarter of this year, RADA will begin to operate fully.

Through networks of the global ambassador and other experts, the foundation is already

conducting research on the potential FCs to be acquired and it aims to announce and acquire the

club in 2024.

> Jin Park:

By 2024, the foundation will complete building the DAO platform that will facilitate all activities

that RADA DAO selects and proceed with, and RAS Factory, OffChain & OnChain Voting system

for two-track hybrid voting.

> Jin Park:

By 2025, ‘Explore RADA Asset (ERA)’ will be built for anyone holding the RADA cryptocurrency

can transparently track RADA assets, and in addition to the growth of the club, the first DAO

project, you will be responsible for the operation so that the future projects that DAO will decide

will proceed smoothly.

> Jin Park:

That was my short explanation for our roadmap

> Miss Futuristi:

It’s not too far actually

> Miss Futuristi:

Big things take time

> Jin Park:

We have been preparing for the first project since 2021 and it should be done faster with our

networks

> Miss Futuristi:

Thats great

Kudos to the hardworking team

> Miss Futuristi:

Lets move a bit ahead

> Miss Futuristi:

So let’s get to know the team now

Can you please briefly describe about the Crew behind the whole RADA Foundation.

> Jin Park:

Okay

> Jin Park:

The initial brainstorming for the Foundation started with three co-founders: KJ and Jin (us in this

chat) and our CTO, Ban

> Jin Park:

Dr. K.J Kwon (K.J) is a seasoned marketing and business strategy expert with a Ph.D. in

Marketing and Business Strategy. With a focus on AI technology and blockchain, K.J has

collaborated with companies to explore their transformative potential. This includes enhancing

data privacy and decentralized decision-making. With experience in event management and

brand partnerships, K.J connects the worlds of sport and blockchain.

> Jin Park:

Jay Ban is a highly skilled professional with 19+ years of expertise in ICT and blockchain. His

exceptional leadership as the head of the ICT big data platform demonstrates his ability to

develop a wide range of platforms. Jay has also garnered a strong reputation by successfully

spearheading various blockchain projects, including CoinMarketScore and Hammerchain. In addition to being a member of the Korea Database Promotion Agency, he holds the esteemed

position of chief editor at Weekly Blockchain, further solidifying his standing in the industry.

> Jin Park:

and Thomas (Jin) is a remarkably accomplished individual, boasting a diverse range of expertise

in operational management and entrepreneurship. His extensive seven-year tenure as a serial

entrepreneur exemplifies his exceptional prowess in business management, underscored by his

resounding success in negotiating $15M+ agreements with globally acclaimed technology-based

enterprises.

> Jin Park:

Finally, we would like to introduce the legendary Spanish footballer, David Villa Sánchez, who is

the first global ambassador of RADA. Villa has left an indelible mark on the sport. With a stellar

career spanning clubs like Valencia, Barcelona, and Atletico Madrid, he is celebrated as one of

Spain’s greatest players. After retiring, Villa founded DV7 Group, a global football organization

focused on player representation and academies.

> Miss Futuristi:

Woah ?

That’s a huge thing

> Miss Futuristi:

RADA has got an awesome team

I must say

> Miss Futuristi:

You guys are doing fantastic work

> Miss Futuristi:

We are waiting for RADA? ? ?

> Jin Park:

Thank you @Miss_Futuristi1 ?

> Miss Futuristi:

So it’s time for the last question of the segment

That must be interesting

> Miss Futuristi:

You’re always welcome Jin

> Miss Futuristi:

Can you please explain about the RADA TALENT

DEVELOPMENT PROGRAM and the ACQUISITION & OPERATION

OF A PROFESSIONAL FC?

> Jin Park:

Yes, to tell you about these separately,

> Jin Park:

The RADA talent development program:

It is designed to provide a unique opportunity to young football players with excellent potential.

The program aims to discover talented sports RADAs in association with professional sports

academies and train those talents through various global training programs to nurture them into

successful global sports elites.

> Jin Park:

Our systematic approach assures transparent progress, total care service and facilities, training

regime, and funding. We have partnered with European football clubs and academies from

Belgium, England, Italy, and Spain. Our front partner, the DV7 Academy of Spain, allows us to participate in various training plus practice matches against the Spanish La Liga club’s youth

teams.

> Jin Park:

And members of the RADA DAO can use RADA tokens to propose funding for the players they

wish to play. Athletes adopted through the DAO’s resolution receive support through a contract

with the foundation, and members who succeed in funding will receive reward.

> Jin Park:

Next about the acquisition & operation of a European professional FC in lower leagues:

Investors from around the world have increasingly targeted European football clubs, ranging from

local businessmen to foreign billionaires, private equity firms, and supporter groups. The DAO

community, a new archetype of football club ownership, offers an additional opportunity for

football clubs' ownership, enabling supporters and fans worldwide to have a say in decision-

making and perhaps win the vote to move the club forward. The crypto token will have tangible

value throughout the campaign.

> Jin Park:

The implementation of Web 3.0 technology in club ownership and management will create a

digital community of remote fans attaching themselves to the club through democratic voting,

crypto tokens, and governance to raise their voices in decision-making. This approach will

enhance the engagement and care of supporters and members of other sports-related tokens

who only receive limited benefits.

> Jin Park:

The project’s aim is to bring the club to the highest league in the country, reshaping its

infrastructure, including decentralized decision-making votes, to listen to the fans, supporters,

and communities. The voters who participate will feel more engaged and caring through the

process.

And that’s about it.

> Miss Futuristi:

That’s a very noble thing

We definitely need such systems

> Jin Park:

Yes, we need to revolutionize the field

> Miss Futuristi:

Yup I do agree

The web 3.0 and decentralisation has much more applications to come

> Jin Park:

Definitely

> Miss Futuristi:

Yes we will

RADA?

> Miss Futuristi:

So with this we come to the end of the segment

Now let’s quickly move ahead to Twitter Segment

> Miss Futuristi:

Mean while

> Miss Futuristi:

Here is a summary of all links from RADA join, follow, engage, ....? ?

Website: https://www.therada.io

Whitepaper: https://rada-foundation.gitbook.io/en

Discord : https://discord.gg/radafoundation

Twitter : https://twitter.com/crypto_rada

Medium : https://medium.com/@radacrypto

Facebook : https://www.facebook.com/cryptorada

Instagram : https://www.instagram.com/rada_foundation/

Telegram : https://t.me/eng_rada

The Foundation aims to acquire a European FC in lower leagues through fundraising and RADA

tokens. Ahead of us lie unprecedented synergies and opportunities from transparent governance

by DAO.

> Miss Futuristi:

Twitter Segment begins....

> Miss Futuristi:

Q1 BY @BlackGold1271 What is your vision in the end? What does the project want to achieve in

the long term and how do you plan to achieve it? How will your main vision and mission make a

difference in the world?

> KJ Kwon:

To start with, We were suprised with number of questions and the knowledge, concerns and all

other aspect of cryptocurreny and blockchain in general.

I really appreciate it. Thank you all.

However, there were number of questions in NFT games and as we are not making gaming

platform or any kind, so we passed on them!

> KJ Kwon:

To answer Q1

> KJ Kwon:

We would like to make a clear mark in the sports industry; furthermore, we want to be a significant

player on global stages.

We will not be able to make changes in the Premier League or any of the major European leagues,

so in the long term, we want to be a candidate for the biggest clubs in the world.

We are planning to start with lower leagues to build our strength, community, and performance.

> KJ Kwon:

"✅ "

> Miss Futuristi:

Thanks a lot for the appreciation

> Miss Futuristi:

Perfection!

> Miss Futuristi:

Q2 BY @shoheltanv85205 How do you plan to spread awareness about your @crypto rada

project in countries/regions where English is not spoken well like Indonesia, Vietnam, India,

Bangladesh and Iran, do you have local communities for them to make them better understand

about your project?

> KJ Kwon:

We are currently offering English and Chinese to start with. We are aware of the importance of

other languages within the community. We do not have local communities yet.

We will make our best effort to support other languages in the near future.

> KJ Kwon:

"✅ "

> Miss Futuristi:

okay thats good

> Miss Futuristi:

Q3 @J_Liansprings • How does RADA project plan on combining ownership into a complete

management to preserve clubs heritage and enable fans with good club decision-making.?

> KJ Kwon:

This is very tricky part of our BM.

However we are in good hand of team and things are looking very promising.

We are finding a way to cooperate with management. It is a challenge, but with our ambassadors

and advisors, we are finding the best way to anticipate the concerns.

The world of football now demands more technologies and, up to date, a management style that

counts demands, feedback, and voices from fans.

We plan to execute that gap to be filled with our strategy. Then build our infrastructure to the

business sectors (in football especially)

> KJ Kwon:

"✅ "

> Miss Futuristi:

Yup we all are with RADA

#support

> Miss Futuristi:

Q4 BY @Dhochok What are your plans to reach out to the global community on building and

getting customers or users for partnerships that I should expect in these

2023 and 2024 years?

How do you intend to solve the problems your target market has?

> KJ Kwon:

Doing an AMA session with you guys makes us realize how important it is to have a global

community. This is our first-ever session.

We believe that creating and achieving a global community is going to be a crucial part of our

success.

in 2023, We are building our own community, which is relatively small. With the active participation

of our global ambassador and his team, in 2024 we believe that could be a good start for the

global community in the sports industry.

> KJ Kwon:

"✅ "

> Miss Futuristi:

Yup I do agree

> Miss Futuristi:

Community is everything

> Miss Futuristi:

Q5 BY @mia280801 What are RADA current main plans for the crypto market? What stage are

you in the market for at the moment? How did the team handle some of the market difficulties and

challenges to meet market demands when building a project?

> Miss Futuristi:

Last one from Twitter segment

> KJ Kwon:

I must emphasis that we want to make it big as possible!

However, we cannot say everything is going to be perfect. We are going to start with IEO, then list

to one exchange. Currently, we are in talks with multiple exchanges that can put us in a better

position in our project, the crypto market.

We expect there will be huge market demand (hopefully!) and we are preparing for adaptation and

building up the appropriate responses in our end to maintain our project in great climb.

We will always make ourselves available and be ready to take all opportunities.

Opportunity for ALL is our big slogan!

> KJ Kwon:

"✅ "

> Miss Futuristi:

perfectly done!

> Miss Futuristi:

Now, community

It’s time for the live segment

> Miss Futuristi:

Are you guys ready?

> Jin Park:

Yes we are!

> Miss Futuristi:

Muted

> Miss Futuristi:

Thanks a lot community

> Jin Park:

oops.

> Miss Futuristi:

Haha?

> KJ Kwon:

>.< wow

> Miss Futuristi:

Now select best 5

> KJ Kwon:

honestly, how do we select 5 ?

> Miss Futuristi:

? ? take your time

> Jin Park:

https://t.me/decentralized_club/1108503

> KJ Kwon:

You can check our website and whitepaper. Also with additional video!

The BM, tokennomics and all other info are there present!

> KJ Kwon:

two questions selected so far

> Jin Park:

sorry, I was suprised to see many Qs. This is the first one I selected. you can see our introductory

video on youtube:

https://www.youtube.com/watch?v=qQhsdm_GxiQ&t=28s

> Miss Futuristi:

3 more to go

> KJ Kwon:

All social media channels are up and running. I believe it is at the announcement @Miss_Futuristi1

has put up.

> Miss Futuristi:

Yup do check out community

> Miss Futuristi:

2 more to go? ?

> Jin Park:

https://t.me/decentralized_club/1108507

To answer this, there is BURN function in the smartcontract of RADA tokens, and in order to

maintain the price, the foundtion can burn some of tokens, but it will be dependant on DAO

decisions

> Miss Futuristi:

One more the last one to go?

> Jin Park:

https://t.me/decentralized_club/1108502

Maybe this one is the last question for today.

And to answer, Type1 is only for players.

RADA holders can have benefits of having unique opportunities with players when holding type 2

NFTs.

NFTs of other types can give you voting weight that doubles or more of number of RADA tokens

that you consume in voting system.

Also, only those who holds Ambassador NFT will have access to upper tier proposal category.

> Miss Futuristi:

That’s a good one

> Jin Park:

Thank you for questions for RADA!

> Miss Futuristi:

Thanks a lot for your time

> Miss Futuristi:

That’s all for today and with this, we come to an end of this awesome session.

Thanks a ton for such a proficient session.

Some concluding lines you wanna convey to our community

@JIN_RADA and @Kjkwon

> KJ Kwon:

Thank you for having us.

That was some experience!

> Jin Park:

Thank you for your participation!

Meet RADA on Probital Global on Jul 14th :)

> Miss Futuristi:

Sure? ? ?

We are in we are in.....

> Miss Futuristi:

Thanks again for that awesome AMA session, the well detailed answers? .

It’s your fantastic Futuristi signing off.

Peace out?

> Miss Futuristi:

Unmuting chats...

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Decentralized Club

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