AMA with Smaugs
On the 12th of February, 2022 at 14:00 UTC, Decentralized Club had the honor of hosting Emre Ulgac from Smaugs 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 Smaugs 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 am delighted to be hosting the AMA with Smaugs.
Today we have a special guest from the Smaugs Team.
Hello and thanks for having us here today, happy to be here
We’re excited that you’re joining us today!
Welcome to the Decentralized Club!
How’s your day going?
It is a lovely day here and excited to tell you about our project
Before we get started, could you please introduce yourself and your role at the Smaugs Corporation?
My name is Emre Ulgac. I am a computer engineer and founder of Smaugs NFT. In addition, I manage all development and planning processes of our NFT marketplace application and launchpad.
A round of applause for you and a warm welcome once again!
Let’s get right into the session.
Can you tell us about Smaugs and the inspiration that got it started?
let's start then
I have been working in the crypto field since 2017 and I continue to do so. I have worked in software development and artificial intelligence projects in companies for 5 years.
Integrating artificial intelligence technologies in the crypto field is one of the most exciting topics for me. Our team includes 2 core developers, 1 Marketing Manager, 1 UI Developer, 1 community manager and 1 Human resources manager.
I am in love with Artificial Intelligence and Machine Learning and I also love the crypto world, so I wanted to combine them. That made us start this project.
Beautiful introduction! We’re also saying hi to your team.
What innovative solution is Smaugs bringing to topple its competitors with similar offerings in the NFT sector?
1. One of the features that distinguish us from others is that we will bring together artificial intelligence and NFT technology.
2. We will organize competitions and events using the governance structure.
3. A different unique NFT token award will be given to those who complete some collections in the NFT marketplace.
4. By developing new game concepts for the game industry, people will be able to make certain improvements and character creation by collecting NFT tokens. We are working on these and similar scenarios.
5. By making a gift package, you will be able to send NFT tokens to anyone you want.
6. For each transaction, the Smaugs token will be credited to your account as a reward.
7. We aim to offer more options in payment methods by partnering with different tokens.
8. Last but not least, we choose the trustworthy projects for the IDO.
these are the main differences we offer, and of course we have the similar ones
Impressive! You stand out already!
How do projects use Smaugs for their NFT launch?
We are more than a Project we are an ecosystem now, we have a NFT Marketplace which we powered with Artificial Intelligence, we have staking options on our own website, we have a launchpad which we already launched many projects and many of them are waiting for us to check them, and we have many developments we are working on it such as allowing the users to stake their NFTs. Projects will have many options by just using our ecosystem. We also built our NFT Launch and are testing it. We will launch it in the near future.
Can you tell us about your native token and its utilities?
Having SMG Token gives users many opportunities. They can use their tokens in our NFT Marketplace to buy and sell NFTs, they can stake their tokens in our own website so they can earn income and by joining a staking pool they get a chance to have allocations in the newly launched projects. And they don’t have to have many tokens because we don’t have high tier systems. We know that there are many investors with small funds and there are many places they cannot use because of the high tier systems. That's why people with less money cannot attend IDOs. In our launchpad, even with small funds you can have allocation easily.
Please give us a summary of your 2021 highlights and what major news should we look forward to from Smaugs in 2022?
We had a roadmap in 2021 and we followed everything in it, actually we did more. Our core team follows the new era and its technologies and we adapt them in our ecosystem quickly.
We are listed in many exchanges, we did our Audit, staking pools, many new partnerships, developing the Artificial Intelligence behind our NFT Marketplace, many advertisements and marketing events, AMAs, built our launchpad, hosted many new projects etc.
Actually I have an image showing many of them at a glance. Let me send it.
here you can find everything about SMG ✅
And these are the very near future projects we are going to launch
Impressive answers! Looking forward to these launches!
Let’s now take some questions from our inquisitive Twitter community
go go go 🚀
Segment 2 - Twitter Questions
Is there any significance to the name SMAUG'S NFT? What prompted you to choose such a name? Also, how do you plan to distribute your Tokenomics? How many tokens are going to be minted? And how many tokens will the team lock?
Twitter Username: @selvachirpiga
The name comes from
Many answers to the questions can be found in our website so instead of writing let me give you a link so you can find it on the website
Total Supply: 90,000,000
Initial circulating supply: 35,000,000
More details can be found here:
The investors will be considering what is Smaugs’s revenue model and why they should invest in your project? What makes your project become attractive to them?
Twitter Username: @vicky64812448
As I mentioned before, we are an ecosystem where you can find solutions to many needs. You can use NFT Marketplace to buy and sell NFTs. We use Binance Smart Chain because it is fast and cheap. But if you need to move your tokens then we have many bridges to the other networks like Ethereum, Avalanche etc.
We are in many exchanges so you can buy and sell our tokens in many places, and in the first Quarter of 2022 we are going to be listed in another big Exchange, I cannot give the name yet but it will be a big CEX.
You can stake your tokens and have an income, but also get allocation in the IDO projects.
And we are planning many big things, so investing before them will be a wise choice.
Does your project support staking programs? if yes. How does your stake system work? What is the requirement for users if they want to stake in your platform?
Twitter Username: @vijayva30795209
We always had staking pools, we also had farming pools too.
Now we built our own staking platform on our own website, and after being an IDO platform, we give allocation to who staked. So you can use our website to stake and start earning by staking, and have allocations to the projects we are going to launch, check here :
One of the things that Smaugs offers is the possibility for your users to create their own NFTs. Is it necessary to have any kind of deep or technical knowledge to create and design NFTs in your platform or can any average user do it easily?
Twitter Username: @Vicky79583658
In our ecosystem, we built everything for everyone to use easily, our investors and our users will easily understand any issue related to our work. We are also writing articles on Medium to explain everything we do so if they follow us, they will learn a lot in not only NFTs but also every angle of the Crypto world.
Tell us a little bit about security? Have you done an audit of the platform? Are there any smart contracts error-free? What are the test results?
Twitter Username: @VINITSH50269612
When it is about trust issues, I have to mention that we created all the smart contracts by ourselves. We trust our developers because they are very talented and experienced and we have an Audit from one of the best places in this field : CerTik. Our smart contracts have no error and our security score is very high, many projects cannot reach that point. If you want, check here :
You have everything figured out! It’s so impressive
Congratulations on the audit report 🎉
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 dessert? :)
An apple pie would be great :)
Dear community, please include the guest's answer (not emoji) in your questions!
The group will be unmuted shortly
---Chat was then opened for the live community to send in their questions---
Dear guest, as a measure to deter bots and reward hunters, your favorite dessert (Apple Pie) has been included in the questions so you can tell original questions apart!
Please prioritize such questions
thanks for many questions and the pie :)
Let me read some random questions and answer them, which includes my favorite dessert :)
Segment 3 - Live Questions
You say that "Create your own NFT Token" How do you know that everyone's NFTs token is a secure NFT token? Then what if someone creates a NFT token to scam, what will you do?
We use Artificial Intelligence in our Marketplace. Our Artificial Intelligence checks many things before accepting a NFT mint. Also it helps people to create their NFTs. So with this feature you will be protected and supported, with AI support so there will be many creative NFTs.
Do you have any bridge to Heco Chain on smaugs?Is it OK for one to sell and buy...like can freelancers be able to sell their work as NFT tokens?
We use Binance Smart Chain because it is fast and cheap and we have bridges to other networks, let me list them :
and more coming.
It seems some people don't know that I love apple pie :)
An apple pie would be great. Is there a staking function for NFTs in Smaugs? In addition to token staking, NFT staking is becoming increasingly popular in numerous listed initiatives.
I mentioned that we have staking options on our website.
I also mentioned that we worked on the NFT staking function.
What is important, It is ready and we are testing it. Very soon you can see it in our ecosystem and you can stake your NFTs and can earn more. That is, we already planned and did it.
An apple pie
Do you have your IDO calendar already for us to know your planned launches?
Everyday we have many developments, partnerships, events etc.
You can follow our announcement telegram channel, website and twitter account
This is the upcoming calendar but we have many projects waiting for our approval
Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
An apple pie
We have never offered magic, we promised that we will work hard and we worked , we are working and will work hard too.
check the things we have done, you will agree with me :)
Can you please answer one more? :)
checking who knows my favorite dessert :)
[Apeiron Tothe Moon]
An apple pie would be great.Many launchpad initiatives are dealing with the most dangerous issue: inflation, which has caused token prices to plummet. What are your plans for it?
we check every project before we launch them, we check every aspect like if they are true or not, if they work hard or not
and also we check their tokenomics
if you check our tokenomics we planned it very carefully too
That's all i think
Aaaand it’s a wrap! 🎉
Smaugs Marketplace is a complete custom DeFi, governance, and NFT ecosystem + marketplace.
Transactions on Binance Smart Chain take place in a very short time and you save time. Fees for transactions made on Binance Smart Chain are much cheaper than other networks. You can create your unique NFT, it's very easy to create your own NFT token in a minute.
Thank you so much Sir for your time with us today!
Any closing remarks for our community?
This is everything and we have more, come and ask whenever you have a question
Our warm regards to the rest of the team at the Smaugs HQ working to make this project a success! Amazing people!
Until next time, do enjoy the rest of your day
The AMA with Smaugs is now over