BrandTokens AMA Summary with Decentralized Club ✔️
Dear, Community,
Welcome to the recap on our recent AMA with “Brand Tokens” held on t.me/decentralized_club Telegram group . We appreciate everyone’s support who participated in the event . Some really good and thoughtful questions were asked. For those who missed our AMA or just want a read, this blog post is for you :)
✔️Introduction with BrandTokens :👉
CryptoTalk(BILLY):
Q1. Can you please introduce yourself and also tell us a bit about Brand Tokens?
Robert Wesker:
Welcome everyone
Robert Wesker CEO https://pl.linkedin.com/in/robertwesker — Co-founder & CEO of the first and biggest pre- facebook social network in central Europe Grono.net
Szczepan Bentyn COO https://pl.linkedin.com/in/szczepanbentyn — Entrepreneur, Founder & CEO of personaltokens.io, influencer, book author and blockchain expert
Brand Tokens is a loyalty reward and exchange platform driven by blockchain. We are engineering revolutionary new use cases and a new way of building loyalty between brands and users. With our help, brands can issue, manage, and utilize blockchain-based loyalty tokens to reward and provide a new, better, and flawless experience for customers. Tokens are easily exchangeable, liquid, and priced in real-time mitigating overhanging liability from incumbent loyalty solutions. Brands get a low cost, instant gratification system to keep current customers happy and attract AI profiled new ones effectively.
CryptoTalk(BILLY):
AI profiled new customers seems really interesting
Robert Wesker:
Yes, we aim to build competition for Faceboom Ads, Google AdWords
CryptoTalk(BILLY):
👌
Szczepan Ben:
We have actually defined something what we call the Token Rank. Fact of having different tokens by users can create very interesting and unique data set for brands.
CryptoTalk(BILLY):
Cool. Seems lot of new concepts entering the industry. Courtesy : Brand Tokens 😍
Q2. How are the plans shaping up for marketing + building a strong, core community which is essential for any project in the crypto industry?
Guys, you there?
Szczepan Ben:
Q2: We totally agree. We are building on the premise that tokens inherently create incentive structures — which this AMA is an example of.
1. We are lauching soon (in two weeks) a voting contest, were brands can win 1 mln BRND tokens (1 mln BRND gives a brand a free access to the service forever). So brands will be incentivised to bring their clients and users to our platform. This way we aim to onboard over 100k users in three months. 2.
2. our features are focused on creating an easy process of distributing tokens through social media. Brand will be able to send their tokens will links, QR codes, emails, etc. Those transactions will be done offchain (to help with onboarding and utility, and also reduce fee to 0).
CryptoTalk(BILLY):
Precise and clear answers. Anyone attending this AMA can easily understand what Brand is and how it functions!
Szczepan Ben:
3. We are focusing on working with influencers. Brand will be able to give them the portions of their tokens to influencers in order to reward their followers and make them a potential clients. Influencers like to giveaway things — and as you all probably know tokens are great to distribute that way.
4. Influencers themselves are usualy a brand also. They will be able to have their own tokens. Imagine beeing rewarded with the tokens of your favorite influencer + CocaCola tokens + tokens of Walmart. Tokens can be distributed in packages (this create an interesting cooperation opportunities for brands)
5. And to be honest we aim to build tools that allow brands to build and grow their communites, rather than build our own commmunity :) client first approach :)
CryptoTalk(BILLY):
Absolutely!
Q3.Which product/feature will really affect the market of Brand Tokens ?
Szczepan Ben:
Q3: This is always a challenge to find the key feature :) From our experience with personaltokens.io is that many of the companies need some simple features to work with like: easy issuance, easy distribution in social media and exchange listing — we provide all of this in Tokens as a Service model.
Brand Tokens:
So basically what will affect our market is:
1. Liquidity
2. Not one token “rule them all” but instead each brand can issue their own tokens fitting its branding
3. Exchangeability — between different brand tokens regulated on an exchange
Szczepan Ben:
But I my personal opinion the key feature will be the Market place, where users can easily exchange their tokens for products, services, coupons or bonuses.
CryptoTalk(BILLY):
Thats an important point yes. Each brand will have their own custom token.
Robert Wesker:
Yes. This is unique for Brand Tokens project.
CryptoTalk(BILLY):
And yes of course, the marketplace. After all easy redemption of the tokens to actual services will what attract brands to this as well as their clients
Szczepan Ben:
In todays crypto it’s very hard for brands to distribute tokens, and allow users to redeem them — in some cases it can require a full time employee (skilled in crypto).
Everyone who tried to use tokens as rewards knows what it means to send tokens to collect correct ETH addresses, send tokens to hundreds of users and pay huge fees….
Robert Wesker:
I think the important key feature for brands will be automated, universal, secure platform for issuing and distributing their tokens among loyal customers. The whole ecosystem will allow for both marketing and transactional benefits for both sides.
CryptoTalk(BILLY):
Q4. Finally as we moved into 2020, in the short term what is Brand Tokens planning to achieve by end of year?
Brand Tokens:
Our main goal for this year is to create a mobile app with 1mln + active users and a global community of brands.
CryptoTalk(BILLY):
👌👌
So if we are done with the questions can we move to Quiz round?
Brand Tokens:
Sure, let’s hit it! ;)
Robert Wesker:
If there are no more questions :)
🔑 Live Quiz round by BrandTokens : 😘
CryptoTalk(BILLY):
Q1. Can brand loyalty tokens be exchanged for other crypto like BTC?
Jerry:
yes
Nguyen Duy Bao:
ýe
answar yusuf trustbison2.crypto As-salamu alaykum:
Yes
Blam:
yes
Mini Sonic:
Yes
kunlefighter:
Yes it can
Bin:
yes
Ashwini:
Yes
huseyin Celik:
Yes
ahihi132:
yes
Samuel:
Yes
Rimjhim:
No
Maksym:
yes
Kath:
yes
Sergey:
yes
I AM | Elrond:
Yes
Emi 💌:
Yes
KaiOKen:
yes
Blue Sea:
yes
Hoang Nam:
Yes
IEO Alert:
Yes
Raghav:
yes
Sayanomi:
yes
Tanya:
Yes
Red:
yes
Grammar:
Yes
Answer : yes
CryptoTalk(BILLY):
Q2. How much the Users have to pay who just wants to use the app for collecting and spending Brand tokens?
Maksym:
0 fee
Red:
10$
answar yusuf trustbison2.crypto As-salamu alaykum:
0
KaiOKen:
0
Lavrov Crypt:
0
huseyin Celik:
0
Gr Gr Gr:
0
Vicky:
0
Sergey:
0
✓suraj:
0
Fritz Sy:
0
Blam:
0
Nguyen Duy Bao:
0
Nick:
0 fee
Anthony:
Free
Aaa HimalayD S:
0 fees
Terrupi©:
0
Rimjhim:
0
Ivan Letov:
0
Crypto Devil:
No fee
Bin:
0
I AM | Elrond:
0 fee
Kirill Vinogradov:
0
fly mom:
0
Sayanomi:
0
Maxim:
0 fees
Sonia:
0
IEO Alert:
No fees
Kath:
0
퐁란:
0
Ay Daxxx:
0
Dmitriy🇺🇦:
0 fees
Lady YAHYAH:
0
Hoang Nam:
Nothing
Egor Dubinin:
0
Elly ♂️:
Free
Machine Gun Kelly:
0
Dr Monica:
Zero fees
Alice:
0
Emi 💌:
0
Paul:
0fees
Raghav:
No
Yuriy Belov:
0
life cell:
0 fee
Grammar:
No fee
Ricky Roy:
2
Maxim:
0
Lushen:
0
LA LA:
0
Andrey:
0
Matvey Morozov:
0
Bambang:
0fee
Sumit:
Its free
kunlefighter:
Zero fee
Abisola:
0
Tanya:
0
Answer : 0
CryptoTalk(BILLY):
Q3. Brand tokens run on ___ blockchain?
Raghav:
Ethereum
Karim Melko:
own
Rimjhim:
Eth
Maksym:
own
Hoang Nam:
Eth
Joxes:
eth
✓suraj:
Eth
A. Ivanov:
Ethereum
huseyin Celik:
Ethereum
kunlefighter:
Ethereum
Blue Sea:
erc20
Dmitriy🇺🇦:
Ethereum
Anthony:
Ethereum
Jerry:
ethereum
Abisola:
Ethereum
S.A.M. Crypto Trader:
Ethereum
Paul:
Ethereum
answar yusuf trustbison2.crypto As-salamu alaykum:
Ethereum
Kath:
Eth
Samuel:
Etg
Lunm (investing microcap projects):
eth
Dr Monica:
ERC20
Jade:
Eth
Sujit:
Ethereum
Nguyen Duy Bao:
eth
Crypto Devil:
Ethereum
Jolaine KL:
ethereum
PLEASE ANSWER MY QUESTION :(:
Ethereum
Blam:
ethereum
Nick:
own
Terrupi©:
Ethereum
Kirill Vinogradov:
Ethereum
fly mom:
own
IEO Alert:
Ethereum
Gr Gr Gr:
Ethereum
Emi 💌:
Eth
Sumit:
ethereum
Ashwini:
Eth
Machine Gun Kelly:
Ethereum
Blanca Sanchez:
eth
Bin:
ethereum
Fritz Sy:
ETH
Vicky:
Ethereum
Sergey:
ETH
Lushen:
ETH
Lady YAHYAH:
Ethereum
Maxim:
Ethereum
Maximar:
ETH
Ivan Letov:
ETH
star:
eth
Lavrov Crypt:
Eth
Vova Shupik:
eth
KaiOKen:
eth
Milton “Rockstar” Friedman:
ethereum
Sonia:
ETH
Annibale Altera:
own
Ay Daxxx:
Ethereum
ahihi132:
own
Tanya:
eth
Roshan DV:
ETH
Grammar:
Eth
Dun- Devloper NG:
Ethereum
Aaa HimalayD S:
Ethereum
Isam Mery:
ethereum!
퐁란:
own
LA LA:
Ethereum
Andrey:
eth
Cryptobayo:
Ethereum
Kim Hung:
Ethereum
Egor Dubinin:
ETH
HOLD to DIE:
Eth
Yuriy Belov:
ethereum
Sena:
Ethereum
Red:
Ethereum
Sayanomi:
erc20
Sharron Robertson:
Eth
Matvey Morozov:
ethereum
Portgas D. Ace:
Ethereum
Answer : eth
CryptoTalk(BILLY):
Q4. Are the Brand tokens transferable?
PLEASE ANSWER MY QUESTION :(:
Yes
Karim Melko:
yes
Abisola:
Yes
Raghav:
yes
IEO Alert:
Yes
Paul:
yes
Joxes:
yes
Maximar:
YES
kunlefighter:
Yes
Gr Gr Gr:
Yes
Elly ♂️:
Yes
A. Ivanov:
no
Annibale Altera:
Yes
answar yusuf trustbison2.crypto As-salamu alaykum:
Yes
Lavrov Crypt:
Yes
Dr Monica:
Yes
Blam:
yes
I AM | Elrond:
Yes
Jolaine KL:
YES
Maksym:
yes
Idris Abolaji:
Yes
Kath:
Yess
Roshan DV:
Yes
Taufik H:
yes
Samuel:
Yes
.
Jade:
Yes
huseyin Celik:
Yes of course
Rahul:
yes
Jerry:
yes
Olexander🇷🇺:
yes
尺ﾑﾉズズひ | nERD:
No
Andrey:
yes
Sujit:
yes
Nick:
yes
✓suraj:
Yes
Sergey:
Yes
Hoang Nam:
Yes
Red:
yes
Aditya:
No
Blanca Sanchez:
yes yes
Alice:
Yes
Emi 💌:
YES
S.A.M. Crypto Trader:
No
Tanya:
yes
Bin:
yes
Kirill Vinogradov:
Yes
Divya ….:
Yes
Anthony:
Of course
Terrupi©:
yes
Milton “Rockstar” Friedman:
YES!
Maxim:
yes
fly mom:
yes
Sumit:
Yes
Sharron Robertson:
Yes
Vova Shupik:
yes
Aluta:
Yes
Ashwini:
Yes
ahihi132:
yes
HOLD to DIE:
Yes yes yes and yes
star:
yes
KaiOKen:
yes
Isam Mery:
Yes of course!
Vicky:
no
Rimjhim:
Yes
퐁란:
yes
Machine Gun Kelly:
yes
Dun- Devloper NG:
yes
Ivan Letov:
yes
AngeI:
No
Aaa HimalayD S:
Yes
Lady YAHYAH:
yes
Lushen:
Absolutely
Sayanomi:
yes
Maxim:
yes
Grammar:
Yes
life cell:
yes
Ay Daxxx:
yes
Cryptobayo:
yes
Nguyen Duy Bao:
Sure
jose manuel:
Yes
LA LA:
yes
Sonia:
yes
Kim Hung:
yes
Egor Dubinin:
yes
Sena:
yes
Yuriy Belov:
yes
Portgas D. Ace:
yes
Sanya:
Yes
Matvey Morozov:
yes
Answer : yes
CryptoTalk(BILLY):
Q5. BRND total supply is __?
Blue Sea:
Total Supply: 1,000,000,000
Bambang:
1,000,000,000
A. Ivanov:
1 Billion
Bit47:
1000000000
IEO Alert:
1 billion
Rahul:
1,000,000,000
Kath:
1,000,000,000 BRND
Raghav:
1 Billion
Mít Tơ Trader:
Total Supply: 1,000,000,000
Crypto Devil:
1billion
S.A.M. Crypto Trader:
1 Billion
✓suraj:
1,000,000,000
Elly ♂️:
1 Billion
PLEASE ANSWER MY QUESTION :(:
1,000,000,000
Lorax:
1 Billion
Tanya:
1 Billion
Taufik H:
1 Billion
Paul:
1,000,000,000
Terrupi©:
1,000,000,000
Samuel:
1,000,000,000
Jerry:
1,000,000,000
kunlefighter:
1 billion
Dmitriy🇺🇦:
1,000,000,000
Sumit:
Total Supply: 1,000,000,000
AngeI:
One billion
Rimjhim:
1 B
huseyin Celik:
1 billion
Maxim:
1,000,000,000
Blam:
1,000,000,000
Anthony:
1000000000
Joxes:
1,000,000,000
Emi 💌:
1,000,000,000 BRND
Vova Shupik:
1,000,000,000
Sujit:
1,000,000,000
I AM | Elrond:
1 Billion
Jolaine KL:
1,000,000,000
fly mom:
1000000000
Nick:
1000000000
Bin:
1,000,000,000
ahihi132:
1,000,000,000
HOLD to DIE:
1 0 0 0 0 0 0 0 0 0 BRND
Blanca Sanchez:
1,000,000,000
Abisola:
1 billion
Jade:
1000000000
Sanya:
1000000000
Milton “Rockstar” Friedman:
1,000,000,000
Vicky:
1,000,000,000
Sayanomi:
1,000,000,000
star:
1000000000
RAM RAM:
1,000,000,000 BRND
Dun- Devloper NG:
1,000,000,000
Karim Melko:
1,000,000,000
Dr Monica:
1,000,000,000
KaiOKen:
1,000,000,000
dark ambient:
1,000,000,000
Red:
1,000,000,000
Machine Gun Kelly:
1,000,000,000 BRND
Lavrov Crypt:
1,000,000,000
Ashwini:
1billion
Isam Mery:
1,000,000,000
Maximar:
1,000,000,000
Frank Lampard:
1,000,000,000
Olexander🇷🇺:
1,000,000,000
Vlad Bond:
1,000,000,000
Hoang Nam:
1000000000
Lady YAHYAH:
1,000,000,000 BRND
Bạch Linh:
1,000,000,000
MD: Anik:
1000000000
Alice:
1,000,0000,000
Maxim:
1000000000
Cryptobayo:
1,000,000,000
Maksym:
1000000000
life cell:
1000000000
Annibale Altera:
1,000,000,000
Ay Daxxx:
1,000,000,000 BRND
Andrey:
1,000,000,000
U Fig:
1,000,000,000
퐁란:
1,000,000,000
Gr Gr Gr:
1 000 000 000 BRND
LA LA:
1,000,000,000 BRND
Kim Hung:
1,000,000,000 BRND
Martin Douglas:
1,000,000,000
Sergey:
1B
Lushen:
1.000.000.000
Max D:
1,000,000,000
Sena:
1,000,000,000 BRND
Roger Sandoval:
1,000,000,000
Sharron Robertson:
1,000,000,000
Divya ….:
1,000,000,000
Ivan Letov:
1B
Sonia:
1B
Alang:
1,000,000,000 BRND
Grammar:
1,000,000,000 BRND
Egor Dubinin:
1B
Yuriy Belov:
1B
Nguyen Duy Bao:
1 000 000 000
Matvey Morozov:
1000000000
Answer : 1,000,000,000 BRND
🐧Community ask Questions by Twitter ✔️
CryptoTalk(BILLY):
https://twitter.com/AngelSandhya11/status/1264822140530032640?s=09
Robert Wesker:
There are no limits! You can refer us to as many friends as you wish, share your link with your followers on social media and just keep earning tokens for every registered user and brand. It is quite simple, really: once you register, you get your personal reference link. When you share it with someone and they register using it, you are automatically awarded with BRND tokens. You can then keep earning them, watch them increase in value and trade for cash when they are worth more and more.
Additionally, there is gonna be a tool collecting a community of friends inside of our platform and every member in such “friends cloud”, “family cloud” will benefit from invited/referred friends even more.
CryptoTalk(BILLY):
https://twitter.com/AdySingh2/status/1264791260025352197?s=09
Szczepan Ben:
Great questions!
1. First of all Blockchain allows to attach value to the loyalty tokens — they are tradable.
2. Blockchain enable for interoperability — which means that tons of crypto projects that are already there and need our service can easily become our clients. We estimate that over 10% of tokens already created are being used as a form of a rewards — so our market is over 26k tokens created on ethereum, today. Thanks to blockchain tokens of our clients can be listed on many different exchanges, and implemented in many different systems — independently from our platform.
3. Blockchain in our case is also a confirmation layer that shows the total amount of brands tokens in circulation — which is impossible to see in the incumbent solutions.
4. Blockchain also give tokens the transfer-ability which can open many new use-cases for brands tokens.
CryptoTalk(BILLY):
https://twitter.com/chaitanya776/status/1264490371813453824?s=09
Brand Tokens:
The core profit for Brand Tokens will come from brands’ subscriptions and in-app ads. The app will be totally free for users, so they can only benefit from having access to their loved brands’ loyalty programs. On the other hand, the cost of subscription will be much lower that the cost of standard marketing solutions, like social media paid campaigns, maintaining a brand’s own loyalty program, influencer fees, not mentioning TV commercials and such. And the Brand Tokens app will combine all social media and word-of-mouth benefits for brands, ensuring a significant raise in potential customers reach as well as retention of the existing consumers.
CryptoTalk(BILLY):
https://twitter.com/ABHI_BHATI07/status/1264786680474566656?s=09
Robert Wesker:
One of the main goals of the Brand Tokens project is to lower the costs of implementing and managing loyalty programs. We are creating an universal engine for issuing tokens for each brand, without hiring expensive personel. Automations and integrations will help merging old school solutions with our new approach, easy to use tools for appriciating loyal user base.
✍️ Telegram live Questions answered by BrandTokens ✔️
Shakespeare:
Can you tell us a bit about Plus Membership?
What are the requirements to become Plus Membership?
Szczepan Ben:
Plus memberships will be only provided for brands. The more advanced membership, the more features will be unlocked.
Sicxa:
As an Investor,
Which features or utilities of #BranToken ecosystem is better for investor?
Szczepan Ben:
Main demand for BRND tokens will be driven by:
1. Brands staking 1 mln BRNDs to have full access to our services for free.
2. Quarterly 20% buyback from profits from monthly subscription fees.
3. Utility — brands will be able to buy special promotion, mini games and features that won’t be available for fiat.
Blanca Sanchez:
What is your business model, how do you obtain profits or financing?
Does this project have a BRND buyback program or does it burn if necessary?
Brand Tokens:
Yes, the main demand for the BRND token will be generated by a buyback mechanism. Up to 20% of the profit from the subscription fees will be intended to repurchase tokens from the market every quarter. Repurchased tokens will be burned, which will decrease the total supply of the BRND tokens in circulation.
For more information on our business model, please see our Whitepaper: https://www.brandtokens.io/assets/PDF/Whitepaper.pdf
PLEASE ANSWER MY QUESTION :(:
How will you grow your current userbase with BRAND? Any plans to expand BRAND globally?
Robert Wesker:
Organizing such AMA like this ;) in general brands will help us to build joined community as they will distribute tikens among their customers. Of course we are going global, from the start.
Elly ♂️:
On Brand Token platform, What services & product can I redeem with my tokens?
Szczepan Ben:
Brands that issue tokens will have to provide some of their services/products for redemption for tokens. So You will be able to redeem any brand token for any of the given perk of the issuers. For ex. you will potentially be able to redeem Nike tokens to get a massage :)
We also plan to integrate with existing prepaid cards operators, that will allow you to top-up your phone, buy a Steam credits, or Google Play coupons etc.
Sapta | Atpas:
What achievements have BrandToken obtained in 2020? And what goals do you want to achieve in the future?
Robert Wesker:
We have half lf the job done so far, did succesfull preICO, collected around 100k$ and going further with the development and plan. We expect to launch mobile app somewhere September 2020 and attract 1mln users till the end of the year. We know this is ambitious however we have prepared few powerful tools in order to get there. Just to give the example. As soon as within 2 weeks we are about to introduce as we call Voting page, where every user will be able to add and vote for the favourite brand, getting brnd tokens and that particular tokens as well. We believe such a game of tokens will attract lots of users. If you have more questions dont hasitate to ask as anything on our channel https://t.me/BrandtokensChat