Recap AMA DEFY x Vietnam Coin Market Community
Mr Hubert: Hello everyone,
Only 15 minutes left and the AMA event of DEFY will be started
The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and DEFY project’s representative is @zacyeow.
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
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/1511356375695523842?s=20&t=YAotvibHwxqgFvFm_FC6ow
🏆 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.
Let’s get the curtain roll-up and welcome @zacyeow.
Mr Zac: Hello everyone! I am Zac, the Community Manager at DEFY. So sorry Ben had a meeting that is running late which is why he couldn’t attend, but I will be doing my best to answer all your exciting questions! =D
Mr Hubert: Hello Zac. It’s a pleasure to all of you who participated in the AMA today.
Could you briefly introduce about your project?
Mr Zac: DEFY is a play to earn NFT mobile game built on the Polygon Layer 2 platform. Immersing players (operatives) in a metaverse that bridges the virtual and physical worlds, DEFY fuses hyper casual code breaking gameplay, learn to earn elements, real world exploration and AR adventures.
DEFY’s in-game economy has been designed with scale and longevity in mind. A dual currency model is combined with an extensive set of customisable tradable game assets as well as multiple active and passive earning mechanisms that can be leveraged by the players.
DEFY will launch with both premium and free to play user pathways, which will greatly enhance user acquisition and retention. An innovative graduation scholarship model aims to revolutionise the pathway to economic freedom for P2E players.
Mr Hubert: How wonderful, sir. The VCM audience is also eager to study RageFan project.
Looking forward to have our audiences to know more about the project and the views.
Let’s get to the first question we’d like to know from you.
What makes the DEFY project stand out more than the projects in the same direction at the moment?
Mr Zac: Great question! I am pretty sure the investors / gamers alike must want to hear more about this.
The DEFY team has extensive experience in developing highly successful location based mobile applications, having previously launched the District Race app and created highly sought after white label fitness apps for large global companies. These apps have scaled to over 700,000 users globally and partnered with brands such as Apple, adidas, RedBull and MasterCard. Added to this mix is a co-founder with a strong background in international finance, and a marketing lead who is one of the leading P2E influencers with a large existing audience and knowledge of digital marketing. With this, DEFY has one of the strongest founding teams in the space.
Mr Hubert: Thank you, we could give some mins for our audiences to read more about the comment
We will come to the next question:
Who are some business partners/clients for DEFY?
Mr Zac: We have multiple business partners as of today. We just closed our seed round in February 2022, raising USD3.5m in our Seed Round led by Animoca Brands, Animoca Ventures, Spartan Ventures, Polygon Studios, Gamefi Ventures and more. We choose to work with the best in the business.
Mr Hubert: Thanks for your sharing. We continue to spend some time with VCM audiences and Mrs Nguyet again.
Can’t wait any longer. I think the audience is wanting to learn more about the project:
What are the memorable milestones of DEFY in the research and development process?
Mr Zac: Oh, this is a tough one for me. Haha. May take a little longer typing this one out.
Our team have been building location based games for years and really understand that the UX is the most critical piece to get right. We use AR and other cutting edge technologies to create a really compelling and immersive experience for our players. Secondly, the story & narrative are absolutely central to creating an experience which people are committed to.
Right now, the focus is on building a strong community, a great game and solid tokenomics that are sustainable long term. That mean we are going to favor very fast growth in the immediate term, delivering benefits to early adopters. However never losing sight of the long term play as well. We also managed to get some great P2E game advisors onboard to help us through all these R&D process.
Mr Hubert: Feeling quite excited about this project, sir. I think everyone will love it and support it as well.
We to the last question of the Q-A segment:
What does DEFY plan to do to attract more users in the upcoming time?
Mr Zac: Great question.
Well, just nice we are starting our Alpha testing tomorrow, so definitely we will be counting on not just our experienced marketing team, but also the feedback and review that are given by our alpha testers.
In the near future, we also plan to have a innovative graduation scholarship model, where people can refer others into the game, or rent their mask out, the concept of it is still up in the air as of now, but it is something the team is definitely looking into to get more users to come and enjoy and learn with DEFY. As more users come up, we hope it will be as successful as PokemonGo where people will be interested om finding out what these group of people are doing too. 😂
We believe if we have a great game, concept and tokenomic model, people will naturally want to come and play.
Mr Hubert: The last question is already done. Thank you @zacyeow for bringing the above useful information.
We’ll move on to segment 3: Questions on Twitter.
Question 1. Why do we need to own $DEFY , what benefits does it have to be profitable for users? To ensure your strong growth, do you have a plan to build a strong community with many members who understand and are loyal to the foundation?
great question, especially when it is the main currency of our game.
So to give context, $DEFY is a Cryptographic token — The token of governance and utility in the DEFY ecosystem. With it, players who have it are able to have some influence on how to improve our gameplay and also have utilities in the game. For example people can buy and own land in the future within DEFY using $DEFY, and whoever completes an objective on your land, you will get a small % of income from that plot of land. All these are not set in stone yet but are definitely in the plans of our roadmap.
Question 2. As we know, every successful project has a few stories behind the scenes. What’s the story behind your project’s success? Are there any special prototypes or upcoming updates that you want to show/share with us?
Our project’s success is really the effort and experience of our team. As mentioned our team has lots of experience developing location based mobile apps, the one that was really successful was the District Race app, where people have goals/objectives to reach within their respective cities, a race with more fun elements added to it. Similarly, we will be taking our experience from this, and put it all into our p2e AR mobile application. Here is a sneakpeek at our video prototype.
Question 3. Most NFT games only focus on profits, as this is one of the major attractions of NFT games. Do you focus heavily on the player experience in and out of the games to create a balance for playing and earning because that is the trend the market is tending towards presently? Winning is the most interesting part of the NFT gaming industry. “Defy” 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 “Defy” offers to its users?
Yes we definitely do focus on player experience, but as well as balancing the play to earn aspect as well. End of the day, what we want is people to enjoy playing the game, learn something from it as well, and money is a really lovely “bonus” as well. So there are indeed multiple ways to earn income as a user in-game. There is the active element, where you can earn FCoin (our secondary in-game currency) which you will get from clearing in game objectives (e.g. hacking towers, getting wallets that are dropped), which you can exchange for our governance token $DEFY. On a more passive approach, there is the scholarship model which we can explore earning, and also land ownership. =)
Question 4. Non-crypto users are very important for mainstream adoption. How are you planning to attract non-crypto users towards your project? Is there any upcoming partnership that will bring non-crypto users and real-use cases? Most NFTs games currently suffer a low player base due to expensive initial cost for a new player to take part in the game? How does #defydisrupt attract large group of players? Can you talk about some of its features which make it different from others?
Okay wow, this has a lot of parts, let me try to break it down. Non-crypto users will end of the day be a tough crowd to attract, but i am a firm believre that with time, more and more people get on-board to crypto. As for attracting non-crypto users into our game, on a more personal note, I would definitely share the DEFY NFT mask (which is required to play the game) to my friends to let them try the game out and attract them into the revolution. Our initial cost is not too expensive compared to other P2E games, but I do agree it is still expensive compared to normal games from Nintendo Switch or Playstation. I believe our scholarship model will help break that barrier of entry.
as for features, our team love to explore, and here is another sneakpeak of our land-use and the way you can customize it for yourself. Hopefully it will be out in Q4 of 2022.
Question 5. Hackers are very active in the market and almost everyday we hear about another hack attack. Can you please give some information about the security system of the project? How safe are the funds of investors? Does it already have an audit?
A really important question for sure.
Its a big issue now and we spend a lot of time to work on this. Firstly, we have many advisors who are experts in this space providing guidance of how to increase the security of the project. Second, we work towards having all smart contracts reviewed and audited by industry leading experts. Lastly — the team behind DEFY have built apps for global companies and worked in line with the strictest standards.
Mr Hubert: The last question is already done. Thank you @zacyeow for bringing the above useful information.
Next, the Vietnam Coin Market Community will open a chat for the community to ask questions to the project. We will have 120s to ask. The DEFY project will then choose 5 questions to answer.
Let’s give some mins for @zacyeow to choose 5 questions to answer.
@zacyeow, you may proceed now.
#1. Is your project a community only for English speaking an countries or for users not of other languages?
Great question, our project can be played all around the world (if you are in China you will need a VPN to play), so it is not just for english speaking countries only. At this moment our Discord channel is where we keep updating our community, we will be trying our best to come up with different language server/channels once we can find suitable moderators in the respective languages.
#2. What is the most ambitious goal of your project? Could share with us any Upcoming Updates?
I would say the fact that the game can be played all over the entire world, it is a really ambitious project, and to ensure that 1000 players can play the Alpha version of the app, 10000, 100k, 1million people, at a single time anywhere in the world. Definitely a challenge. As for upcoming updates, our Alpha launch is tomorrow, we have our Phase 2 NFT mint on the 29th April, and token launch IEO/IDO to probably mid-May so that we can engage the best exchanges. End of the year Q4 we hope to expand our gameplay to have land sale, factions (sort of like guilds) and maybe a PVP gameplay as well.
#3. Scam project do hide behind tokenomics, statistics and lot of promise, so I want to ask how can a crypto user identity a genuine project using your project as a usecase?
Great question, I would say really go and do your research before investing in a project, find out more about their plans in tokenomics, whether they are massively shilling (we are against it). Whether they have sinks, we have multiple sinks to make sure our token value won’t shake so much if lets say suddenly there is a surge of people/investors selling their tokens. Really go deep into researching the team, their capabilities, who are they backed by.
#4. Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Yes we love to hear community feedback and request, even as of this moment, we are very open to our community about what the team is doing and planning, end of the day we really really want the community to enjoy playing our game, so we want to make it the best AR p2e mobile game you ever played. Now that we are launching our alpha test tomorrow, we will be eagerly waiting to hear the feedback from our first group of players. This is what we believe DEFY(pun intended) is about.
#5. What is your top 3 things for priorities in 2022? Could you share some plans for the upcoming year?
1. Build a strong community that will be having fun learning and playing with
2. Have a great and solid tokenomics so that the game will be sustainable long-term (that is why we are most likely delaying our token launch to mid-May instead of having it in April)
3. Beta launch in Q4 end of year and to constantly evolve the game better and better.
Mr Hubert: So the AMA DEFY at Vietnam Coin Market (VCM) is also coming to an end. Hopefully in this direct exchange, the community has a basic understanding of the DEFY project. I am the moderator today. Congratulations to the DEFY.
Thanks @zacyeow for joining AMA with the VCM community today. Wish you much health and success.
Again, don’t forget to join the DEFY community for further assistance. Thanks everyone.
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