At eight:00 pm on February 14th, Konomi Network held an AMA with Kyros Ventures to talk about approaching tasks of the venture. The AMA was held on the Telegram Konomi Network Vietnam Community.
Today’s AMA guest is Nam, Kyros Ventures Community Manager. The visitors of the AMA have been Jayden, COO of Konomi Network, and Wiles, CTO of Konomi Network.
The initial element: answering the plan host’s issues
Male: Hi Jayden and Xingmo Liu (Wiles’ identify), can you introduce yourselves?
Jayden: Obviously, I’m Jayden, I’ve been functioning with Konomi Network for about 15 months and I’m in charge of the venture and small business growth.
Xingmo: Hi all people, I’m Xingmo Liu, I’m accountable for technological innovation linked issues at Konomi Network.
Male: What merchandise is the Konomi Network venture creating? Which spot is the workforce focusing on most?
Jayden: I will share the small business growth and Xingmo (Wiles) will share the venture growth.
Xingmo: We are focusing on creating a staking array and a multi-chain bridge, every little thing will be launched as quickly as attainable. Tomorrow (February 15th), we will announce the Leding update.
Jayden: For the advertising and small business growth element, we would like to get extra tasks employing our native Oracle following it will perform on other chains like BSC and Moonbeam. Currently the most important Oracle network is up and operating on Eth but the price is a bit substantial for all customers.
We also want to broaden our revenue and growth workforce in 2022. This is also one particular of our most important ambitions outdoors of developer perform. Don’t hesitate to submit your resume if you want to participate in the venture as a backend developer, front finish developer or UI UX designer.
Furthermore, we have efficiently recruited a extremely fantastic frontend developer from the prior AMA with the Vietnamese local community. You can send your query to the following e mail: sysop@konomi.network or jayden@konomi.network.
Part two: Answer the community’s pre-chosen issues
Male: Can you share some highlights from the a short while ago up to date roadmap?
Xingmo: From a technological level of see, the Konomi platform is the bridge as a result of which we can target on other chains, launch Oracle and lastly launch our new lending protocol. The staking perform is getting verified. It will be launched on Wednesday for the local community to attempt it out, the bridge guide will also be out as quickly as attainable.
Jayden: Specifically, we have finished the bridge in between ETH – BSC and will launch it following passing the audit. Then we will apply our Oracle agreement and BSC staking agreement so that all people can use it at a a lot more cost-effective price.
So our bridge will assistance other chains like Moonbeam, Polygon and produce solutions on these chains.
Male: As you can see, we are approaching the finish of the initial quarter of 2021 and what stage of Mainnet is Konomi in?
Jayden: The Konomi Oracle mainnet was implemented on Ethereum. So we will have it dwell on BSC and Moonbeam at the finish of Q1 along with our staking protocol and our token listing on Dex as Pancake, which will significantly minimize consumer price on Uniswap.
Xingmo: When it truly is prepared, we’ll get started Oracle on other threads as very well.
Male: Where will Konomi Network be at the finish of 2022? Where do you see the place of the venture at that second?
Jayden: We hope to recognize our vision by the finish of 2022, which is to be a multi-chain currency marketplace and an Oracle support supplier. We want to present the very best Defi infrastructure for the blockchain marketplace. We appear forward to beginning about five-ten new tasks to use our Oracle support and sustain fantastic TVL following launch of the Lending protocol and to be in a position to join Parachain if the price is realistic.
Male: Can you share Konomi’s program to join Parachain?
Jayden: After an inner study and evaluation of the present auction format, we have determined to postpone participation in the auction for this time. The initial cause is that it is as well costly and we have to use thirty% of the tokens as a reward, which does not assistance at all. Secondly, because the Polkadot ecosystem is even now extremely youthful, of the leading 5 tasks that won the auction, only Moonbeam has several transactions, although other Parachains have pretty much no transactions. Therefore, we like to current our solutions initial on Moonbeam and then opt for the ideal second to participate in the auction.
Male: With the significant occasion coming up (mainnet), what are your strategies to be recognized by extra communities?
Jayden: As described over, we will launch the merchandise on chains with lower gasoline charges initial. It will be extra consumer-pleasant and we will present extra incentives to customers when the Lending protocol is utilized (we will use tokens as a reward for joining Parachain to incentivize customers)
Part three: Answer issues right from the local community
@Natisha_Burrell: According to the project’s roadmap, what is your up coming most essential priority?
Xingmo: In terms of growth, the priority will be bridging, then staking, then Oracle’s launch on bridge chains, and lastly lending.
@ orvalirving46: Being a multi-chain platform at present must be taken care of like a competing venture, so can you describe how several chains you can assistance?
Xingmo: BSC, Moon Ray and Polygon
@Natisha_Burrell: Has the venture been verified? Haven’t heard from you about the security of the fund, is this also a thing that each investor needs to be clear and have a program to shield themselves in situation the fund is scammed or hacked? How robust is your self-assurance?
Jayden: All of our contracts are verified by at least one particular trusted auditing company prior to launch. The Oracle contract was reviewed final October and we just a short while ago ran one more audit cycle as we additional new attributes this kind of as the referral process. We are now testing our staking contract. The developer workforce frequently monitors and learns lessons from all previous hacking incidents
@ NhatMinhtyphu88: Thanks Jayden and Liu! I have a query that I hope you can reply. Why opt for VN, they are the initial and only Konomi local community because KONO was born till nowadays. And if there is an intention to produce extra communities in China, when will it be accomplished?
Jayden: We intend to develop the Russian local community in the close to long term. We have designed some local community creating with the Chinese local community in 2021, but there are a great deal of laws and restrictions with the crypto local community in China. So we are shifting our target to other regions.
@ mikkihatch16: Why did you opt for Binance Smart Chain? We also see some chains emerge with fantastic scalability, so why did you opt for BSC?
Xingmo: Bsc is just one particular of the chains we assistance, plus BSC is also launching the up coming edition which we appear forward to waiting for the ETH update. To be short, as extended as evm is supported, technically we should not have any troubles moving forward.
Jayden: We do not just target on bsc. We are creating a multi-chain venture and Bsc is a fantastic area to produce our venture. First of all, it is an evm-primarily based chain and has a big consumer base and mature ecosystem. They just launched their new growth roadmap a short while ago and we like the strategy of sidechain on bsc and cross-chain transactions in between side chains like the Polkadot basedchain + Parachain architecture. We are also focusing on other chains like Moonbeam which have fantastic local community assistance.
About Kyros Ventures
Kyros Ventures is one particular of the most influential pioneering venture capital money in the Vietnamese blockchain discipline. Built on the strong basis of the Coinlive ecosystem, Kyros Ventures has incubated several possible early stage blockchain tasks. Coinlive is one particular of the greatest cryptocurrency magazines in the nation with just about five million webpage views per month.
Founded by Thuat Nguyen, Kyros Ventures right connects extra than a hundred,000 traders with possible tasks. Notable latest Kyros Ventures handshakes contain a partnership with the cryptocurrency exchange – FTX blockchain platform for the growth of decentralized applications – Chromia today’s lightest blockchain protocol: Mina as very well as Trustswap, which provides customers early entry to invest in startups at the exact same time as big venture capital money. Kyros’ present portfolio consists of very well-recognized names this kind of as Polkastarter, Clover, Paralink Network, Lithium and Gamestarter …
Information on the Konomi network
Konomi Network is a total management option for cross-chain crypto assets. Konomi is created on Polkadot Substrate, the venture was born with the aim of supporting a number of assets in the Polkadot ecosystem. Users can handle, exchange assets and earn curiosity as a result of Defi solutions. Konomi has also launched its native token to initiate decentralized governance and liquidity.
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