AMA with SolX
Q1. Can you start us off with what is Solx about and how it is a different from other play to earn models?
Well, SolX is actually a gaming guild, which many guilds are emerging as well. SolX focus on venturing into P2E games that are on any crypto chain
Our purpose is to provide players of our guild to have the chance to play games in the crypto space, as well as earning extra income!
Q2. Can you tell us about the Solx Dashboard ?
Yep definitely, SolX dashboard has been asked by many others
The SolX dashboard will be for holders to see all their data and rewards. The UI is extremely clean and simple and makes it as straight forwards as possible for all holders to see what they have accumulated
To those who are super curious, they can find the example in our pitch deck which can be downloaded off from our website
Q3. What is the benefit of holding $SGG and how will it be acquired ?
Our $SGG token act as a stakeholder, with the upcoming rewards that we receive in P2E games that we are venturing into. Token holders can stake their token in our ecosystem, and receive rewards based on the % of the token they hold.
With Axie infinity as an example, we lend our NFT to players of our guild, and we take a small portion as a 'lending fee', with the reward, our token holders can stake and receive it
Since our aim is to become a DAO, stake holders will have the power to decide what games SolX will venture into, and the direction for SolX
Q4.Can you tell us what is Solx planning to achieve in the later part of this year?
definitely, everyone is curious of SolX long term planning
Following our roadmap, we want our staking and DAO to be launch as soon as possible. And we want people that are in the P2E ecosystem to know about SolX Gaming Guild.
Because we believe many new games are emerging, and our plan is to partner with game companies and work alongside them.
New games will need a player base to test their system, and on what to improve. Partnership with game companies will be our further plans!
So, do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
Well, currently we do not have any plans to do a token burn, or to artificially reduce our supply
But that doesnt mean we won't consider it in the future. We are very confident that the rewards from staking (paid for by guild revenue) will be attractive enough for users to buy and stake our token.
Including our plans like partnership
I want to know Have you been audited? Haven't heard you talk about that fund security is what every investor craves and plans to escape insecurity if funds, scams and rugs attract? How strong is your security built in?
Oh great question, audit questions have been popping out alot
Security of the platform is very important to us
Thankfully we are not as complicated as a yield farming or other defi related tokens
Our platform is much more secure from day one as payments are often small and staking is done in our own token
But in preparation for our TGE, we will ensure that our token contract is audited to provide full transparency, and we are speaking with auditors right now
A portion of the daily winnings is deposited into a pool that is then returned to the chip holders. Does this mean that all winnings will be combined with all players' winnings? How do you assure each person that they will actually receive their money?
Yes, a portion of the daily winning earned by our scholars, are taken as 'lending fee / commission' for lending them the asset of SolX, and the 'fees' will be deposited to reward our token holders
All players will receive their winnings through our automated system that we've built internally, with hundreds of scholars, it only make sense to automate things to ease our management's work.
Your ecosystem is natively based on the SOLANA ecosystem, but on your website you say that you are open to integration of all chains, do you plan in the short term to expand and integrate another chain to your ecosystem?
Yep, so our ecosystem is based on SOLANA ecosystem. But since we are a guild, venturing into games in any other chain does not restrict us
For example, a new game is release in the BSC Network, our scholars / guild players will then play the game on BSC network, SolX take a portion of the 'lending fee' and btidge it over to SOLANA network, and stake it into our ecosystem for our token holders to be rewarded.
Distributions to participants are made on a bi-weekly basis. So, can I play for a fortnight and accumulate my money and receive all my winnings on a fortnightly basis? How can I view and track my account?
It depends actually, currently SolX is focusing on expanding scholarship in Axie Infinity, as it has the most stable economy, and a long term future
With how Axie Infinity works, they will only release the rewards bi-weekly for players, this is why we have decided our staking rewards as bi-weekly.
But with different P2E games that we will venture into, this might change in the future. Scholars will also be able to track their reward progress in our upcoming website, purely for scholar usage.
Token holders will also be able to “rent” their NFTs to maximize profits for themselves. Where can users perform this process? What are the safeguards that are implemented when renting?
So how i work is, token holders will be able to rent their NFT through our ecosystem, we will then lend the NFT to new/upcoming scholars to utilise it.
A small portion of the cut will be taken for our management and scholar. The rest will be pure profit for the NFT lender
Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?
We have finished our private and incubator, whats left next is our public listing. It’s not announce yet but stay tuned to our twitter and telegram :)
Benefit of our token is you’re able to stake and earn rewards, decision making as a DAO, and lending NFT in the future. Future partnership airdrop too
Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Well, not at the moment but we will see how things goes. The decision can be made by token holders too once DAO
How IMPORTANT is the community to Your project? and How can we collaborate or help share token for the development of the project?
Community is very important to us, this is why we build a gaming guild, to gather those who love gaming and wants to share a piece of the P2E ecosystem. Everyone can help the development once we become a DAO, but for now, its important for our CORE team to make the initial decision
Apart from the rewards, do you only plan to award scholarships for games like axie infinity to new players so that they can invest and thus be able to bet $ SGG token?
We definitely will venturing into more games, there are a few games we are looking into right now, and deciding how to make it scholar friendly :) $SGG airdrop may happen for our scholars but lets not confirm on that first ;)