Thank you to the Bang Pateng Community for participating in Ask Me Anything (AMA) with Motofinance Time on December 24th, 2020. This guest star Mr. MOTO | CEO Motofinance @motofinance_info. If you were unable to join the live AMA, no worries, here comes our 31th AMA recap!
Introduction Session
Host :
Hello Mr @motofinance_info Welcome to the Bang Pateng community, It’s an honor to invite you to our community
Mr. Moto :
Hello and everyone in here, honored.
Host :
Before we start our first session can you introduce yourself, your background and your team if you have a team working with you on Motofinance @motofinance_info
Mr. Moto :
MOTO provides CAAS (Contracts As A Service) solutions to enable digital artists and any kind of collectible issuer to create their own contracts for different purposes without coding knowledge.
The services include a collection of contracts and pre-made dapps like erc1155 collection creation, farms, pre-sale auctions, NFT swapping and more.
Every contract created with MOTO are fully owned and controlled by the user and the list of our services is growing continuously.
Our token MOTO is a utility for our upcoming NFT swapping dapp and being heavily used for NFT valuation and exchange.
Host :
Thanks for sharing your background. Good. AMA let’s get started.
Well we will continue to the first session, in this session I will give a question about Motofinance, if you feel you have enough to give an answer, you can say “done”.
Mr. Moto :
OKey, Done
SESI 1 (Poject Introduction)
Q1. Can you introduce Motofinance to our community?
Mr. Moto :
I can, sure if you want. But we are currently very focused on completing the farm’s construction and helping the haremtoken. So it may be worth a try after the end of the ICO. agree?
Q2. What are the core features of Motofinance? How are you different and unique from all other projects out there?
Mr. Moto :
Motofinance itself is an actual business not a one-shot project. We are continuously adding new products that we see fit and are useful for the NFT space. This sets us apart from many projects. An example would be the auction/presale dapp as of the roadmap.
Q3. I saw that Motofinance has its token named $MOTO, can you explain what the token is $MOTO? What benefits can we get if we hold tokens $MOTO? And how to buy?
Mr. Moto :
You can buy it on motofinance.info on 2020/12/30 3:30 pm (UTC), on motofinance.info also updated information, please go to know more.
holding MOTO gives you already free access to creating collections and soon to and farmbuilding.
when the swapping dapp is out, MOTO’s real utility will start to play out as it is meant to value NFTs prior swapping.
the wildcards are solely for the farm but there are Farm Builder Wildcards that will free access to creating farms (unlike wildcards, which give you access to everything).
we are thinking holding of MOTO would do the same as reward for holding it.
Therefore, holding MOTO will also allow the construction of the farm
Q4. Nowadays Farming or staking is very popular. Have you provided your Farming or Staking Facility to $MOTO Investors? if you have, can you explain how to staking and farming $MOTO?
Mr. Moto :
Yes, follow the roadmap I will do this in January
Q5. Could you please explain, what are your upcoming plans in a couple of month/years?
Mr. Moto :
ROADMAP has been updated at motofinance.info, you can see it there.
SESI 2 (Twitter Question)
Mr. Moto :
we are not trying to scare. the field is too small to be overly competitive. for example, we are seeing opensea and rarible as partners. these are 1st markts, while we are focusing on artist independence and 2nd markets (traders). at a later point, competition will pick up for sure. for now we are focusing on bringing artists and crypto people together.
Mr. Moto :
until may, we are putting roundabout 500k usd worth of development hours in this. while we cannot guarantee you success, we can guarantee we are not giving up just because the price of MOTO went down.
Mr. Moto :
we already put a mirror on an ipfs location. Motofinance since our entire site is purely client-side running, it will be always accessible. besides that we are having standard security options enabled like ddos protection. make sure to use https:// before entering Motofinance so MM can resolve it properly
so if anything bad happens, you can still access everything
Mr. Moto :
for this we will create a white-paper, as it includes protocols but we are not there yet for all other features up to this point, we don’t see white papers.
Mr. Moto :
we are in the process of registering the business. corona is in the way actually and we will get a notary appointment not before january. if we still see too many delays then it might be founded in some european country like estonia or croatia. we have a roadmap (see our homepage).
as for white-papers: we know everyone expects these and it makes sense if you create protocols. we are instead a service solution provider, which is a different beast and does not require white papers. if you buy a piece of software, you usually are not asking for a white-paper, rather a manual there is one exception to it: the swapping dapp
SESI 3 (Telegram Question)
Hamter | @backhsbsb1
Why do you choose a stealth launch way instead of a presale launch?
Mr. Moto :
MOTO is supposed to value NFTs for the swapping dapp, we want the price discovery of MOTO to occur naturally to not interfere with it. Despite that, we are earning through fees rather than nif itself.
I don’t want to give away too many details for obvious reasons, but it will be as simple as uniswap while taking care of the NFTs offered being backed by actual value. You could take it as an uniswap’esque approach but specialized for the needs of NFTs.
Cryptobest | @cryptobestzz
If I became a famer owner now, how do I make profit of it then? Fee?
Mr. Moto :
the problem artists currently have is visibility. the might have a huge follower base, but if you look at rarible for example, you will realize new NFTs are floating in in rapid succession.
so even if your art is great and everything it is not going to help you on maxing your earning capabilities. so if you own a farm then, you can add your pieces there, limit their supply accordingly and earn on redemption fees. while shouting out the farm(s) to your followers
Vinh | @vinh123456
How many peoples in your team?
Mr. Moto :
We are 4 people, I volunteered for community work. 2 developers, 1 designer and 1 helping out. And we already got our first intern!
Quality Rryptocurrency Project | @DevlinCrypto
What is the incoming “farm builder”?
Mr. Moto :
Can people think it as ETH smart contract, that can easily deploy your erc20 tokens very quick? Before answering this, it is important to understand that Motofinance is not about a single one-shot project but an actual business offering tools for NFT issuers and artists.
With the farm builder, everyone will be able to create and promote their own token4NFT farms with a few clicks.
This saves a lot of money where you usually would spend a lot on developer hours. setting up, click, yes. and all contracts belong to you. we are not controlling them once created. that already is the case for the collection creation we offer.
Jin Drug | @Jin_drugs
What did Moto Finance do to use DeFi technology? How easy is it to use Moto Finance in the existing infrastructure for beginners?
Mr. Moto :
the farm builder is an example for defi mechanics being used with NFTs. when the farm builder is released, it will be very easy to create custom farms (simple setup)
CLOSING
Well… We declare AMA’s Series Bang Pateng with Motofinance, is Done. 🥳🥳🥳🥳
thank you to the participants who have attended this event to the end. the winners will be announced soon🥳🥳🥳
Social media
📍 Twitter : https://twitter.com/InfoMotofinance
📍 Telegram Chat : https://t.me/motofinance_official
📍 Website : http://motofinance.info/
📍 Contract Address : https://etherscan.io/token/0xdd8d90210e84ae11692e7bfe71f8b321bbe28992