Recap AMA Codyfight x Vietnam Coin Market Community

8 min readJan 24, 2022

Hello everyone,

Only 20 minutes left and the AMA event of Codyfight will be started

The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and Codyfight project’s representative is @Gilmore_goof.

Vietnam Coin Market Group (VCM) will be locked to make the event convenient.

After segment 3 of the Vietnam Coin Market group will be opened a chat so that the community can ask the project.

How’s everything going?

Again, it’s been my greatest pleasure to announce today’s special AMA session

“Codyfight”

Today’s AMA session is composed of 4 parts:

✔️ Part 1 — Welcome

✔️ Part 2 — Q&A

✔️ Part 3 — Questions on Twitter — Guest will choose the 5 best questions from this Tweet: https://twitter.com/chocoin_VN/status/1483037569340567553?s=20

🏆 Total Prize: $50 USDT

✔️ Part 4 — Free — asking: the guests will choose about 5 good questions to answer:

🏆 Total Prize: $50 USDT

Craving for the question rain ahead after I unmute the group.

Anyway, let’s get the curtain roll-up and welcome @Gilmore_goof.

I. Q-A

#1. Could you briefly introduce about yourselves as well as your project?

Well, for short — I am Linas Balsys, a marketing manager. I would call myself an amateur gamer and senior problem solver :D

I am the most recent adition to the lovely team at Codyfight and I am really happy to have an opportunity to work with talented professionals with experience in multiple fields! ❤️

#2. What makes the Codyfight stand out more than the projects in the same direction at the moment?

Here it goes! Codyfight’s goal is to introduce a brand new world of expression opportunities. This means different people can join in including gamers, developers, artists, collectors, investors, and community leaders. This is something that similar games do not offer.😎

Some of our game’s features:

- own bots made from NFT skins and CKeys

- trade NFTs through built-in marketplace as well as outside the game

- use those robots in the game arena

- code bots to automate robot playing in arena (it’s cheating in other games)

- scale robot farms to maximize rewards (think about other games like 9–5 job, and Codyfight like business scaling for players)

- draw and sell skins in the community skin shop — passive income for artists

- organize official tournament for the community with custom games rules with profits for organizers and participants|winners.

#3. Who are some business partner/clients for Codyfight?

We are beyond excited to have all the partners and advisors that we have! They not only let us grow our community but also give us a lot of opportunities to learn. Here are some of our backers: Evangelion Capital is helping us with anything marketing-related, DAO Maker is the launchpad that creates growth technologies and funding frameworks for loads of amazing projects, including Codyfight. We also have Digital Strategies, Wings Ventures, Raptor Capital, Alphacoin Fund, Dweb3, Basics, EM3 DAO and many others onboard. 😍

And a couple of highlights form the gaming industry: we are also backed by such gaming industry projects like DeRace, Polychain Monsters, and many more, also talking about future plans with Moonies and Realm so keep a colse eye on us, we are soon announcing a lot of exciting news!🤩

#4. What are the memorable milestones of Codyfight in the research and development process?

I think memorable milestones would be several months back when Codyfight started gaining numerous partners left and right, as well as the Developer team making huge progress with the game itself!

Milestones that we are looking forward to right now is the IDO Token launch that is around the corner and the release of the game’s Alpha version that is coming right after that! ❤️

#5. What does Codyfight plan to do to attract more users in the upcoming time?

Oh that’s a lovely one!

We are spreading the word about the game in many different areas and trying to get the community engaged as much as we can! Right now the community grew drastically and we will be eager to see how much it grows before the Game’s Alpha testing!

II. Twitter.

#1. Winning is the most interesting part of the NFT gaming industry. #codyfight allows players to not only have fun playing, but also invest their time and money to get a great return as profit. So, What are the different ways to earn income that #codyfight offers to its users?

https://twitter.com/LotteLg/status/1484426680714547201

Firstly artists can gain passive income by selling the NFT skins they created on the market and gain a steady flow of income from that

Secondly programmers can write code for AI Bots that will control robot farms and help users farm up rewards by scaling the farms!

Last but not least, the community leaders will be able to benefit from organizing community tournaments which will have a prize pool for the winners as well as the organizer cut which will also be visible to all participants to promote transparency! ❤️

#2. In #Codyfight, community leaders or casual players can create their own tournaments and invite other players to participate. What are the requirements for running a user-created tournament on your game? Also, will the prizes be paid for by the tournament’s creator?

https://twitter.com/babycrypto14/status/1483038934968180739

Community leaders will be able to set up the tournaments when they have a spot to host the game. A community who is willing to participate and spectate the tournament will also be a factor in that!

The prizes will be gathered from the entry fees paid by the participants and the prize pool will be split according to the rules of the tournament. The organizer cut will also be visible to everyone to promote transparency!

#3. I looked at the “#codyfight” website. Maybe in the future will be a very demanding game with all its fun. How can I play the game? I need to download any app or is it on the website?Are there any special requirements for mobile devices to play games smoothly and easily?

https://twitter.com/nowshin1310/status/1483845164326002688

The game will be available on any device that has access to an internet browser and that can handle running it! Specific requirements and optimal device recommendations are still not calculated yet but hopefully in the near future we will have that information to share with you! ❤️

#4. One of the features that #CodyFight has is the “bot code” to automate the robot play in the arena. However, the algorithms behind many games with code are not transparent. So, how does CodyFight guarantee fairness to players in the app?

https://twitter.com/Mahatab1230/status/1483268921335500801

Ah yes, the question that many need answers to for preparations 😁

You will be able to use any programming language to develop your bots as long as you can make them adaptive, because the challenges in Codyfight will never be static and will require you to have adaptive robots. We are working on plans to give some programming 101’s to beginners who are interested in learning!

We implemented robots because the concept is unique and where most projects see cheating, we see an opportunity for innovation! 😍

#5. Many NFT games today set high costs to start the game and therefore start with a small player base. Does #codyfight game have an entrance fee or starting conditions & if so, what are they? Do I need to hold an NFT or certain amount of tokens in order to enjoy and play the game?

https://twitter.com/LinhHong211/status/1483421345333788680

To give a short answer to this: the cost will be 0.00$ ; there will be other costs throughout the game: e.g. competitive games and tournaments entry fees (CTickets), additional robots (NFT skins and CKeys).

Every new player will receive one Codyfighter with one default NFT skin and CKey FOR FREE (an exclusive NFT gift during early access). Afterwards, each additional CKey (meaning additional robot) is granted via subscription. Skins can be bought in the NFT skin shop or from other players in the marketplace. In addition, skins can be acquired as special rewards for outstanding in-game achievements! 🤩

III. Telegram

Question 1. Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?

The internal game currency is Codyfight Token $CTOK is an ERC-20 token that can be traded on Ethereum, Polygon, and Binance Smart Chain blockchains. The main network is Ethereum with bridges to other blockchains. CTOK serves the purpose of igniting Codyfight ecosystem and keeping it alive! Using this token you can purchase CTickets, NFT skins, multiple Robot subscriptions (CKeys), repair skins, rename your robots, and much more! CTickets give an entrance to competitive arena games while NFT skins make the Codyfighter look unique and stylish.

Question 2. What is PROJECT’s revenue model? In which ways do you generate revenue/profit?

The project will generate revenue from many different areas but a few I could list out are probably revenue from Codyfight NFT skin sales, a really small percentage of the revenue from community artists and developers products sales. These are just a few alongside sales from the Token $CTOK as well as from Subscriptions for additional CKEYS for scaling robot farms!

Question 3. What are the competitive advantages of your project? What advantages do you have over competitors? What would be your project secure most similar contender in the market today in terms of scalability, security, features, and adaptability?

Some of our game’s features:

- own bots made from NFT skins and CKeys

- trade NFTs through built-in marketplace as well as outside the game

- use those robots in the game arena

- code bots to automate robot playing in arena (it’s cheating in other games)

- scale robot farms to maximize rewards (think about other games like 9–5 job, and Codyfight like business scaling for players)

- draw and sell skins in the community skin shop — passive income for artists

- organize official tournament for the community with custom games rules with profits for organizers and participants|winners

Question 4. I can’t find enough information for tokenomics on the website. Can you provide more details? What percentage of bets have you made? Will your platform go the coin burning route?

You can find detailed tokenomics here on our website that will definitely clear things up for you!

Due to burning, we will not have such a system because the token will be needed by the users constantly so that the economy of the game does not stagnate; if the supply is too small the price just goes up

Question 5. Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?

Website: https://codyfight.com/

Telegram Group (https://t.me/codyfight

Telegram Channel (https://t.me/codyfightnews

Discord: https://discord.com/invite/w9QMeMyM

Twitter: https://twitter.com/codyfight

Medium: https://codyfight.medium.com/

VIETNAM COIN MARKET COMMUNITY INFORMATION:

Vietnam Coin Market Community: http://t.me/chocoin_VN

AMA channel: http://t.me/amachocoin_VN

VCM Announcement: http://t.me/vcmannouncement

Medium: https://chocoin-vn.medium.com