Recap AMA Shiba Inu Classic x Vietnam Coin Market Community (2)

10 min readJan 21, 2022

I. Q — A

1. Through the last ama, I think the audience at VCM also had a basic understanding of the Shiba Inu Classic project. I saw new news about Shiba Inu Classic going to list on Bibox. It’s a big exchange. So, what prompted the Shiba Inu Classic to do this? Are you planning to open staking or loan functionality for Shibic?

We are constantly trying to reach out to the new communities where we are not present earlier. Bibox provides us an opportunity as its base is quite strong in East and Southeast Asia and has quite some reputation in the community as well.
Partnership with Bi-box is a great one, as they provided us a premium platform called select which has a wider reach in investors as well as in the community.

Moreover, they are data partners of CMC, which means data is reported to CMC in a very transparent manner. That way Bi-box is a win-win situation as this exchange has a very high reputation and it is a matter of honor, what within two months of launch we are at our 4th Exchange, and we are rising in the ranking. As with increased exposure on CMC, the value of the token is also increased and since last week we have climbed up 1000 rank in CMC ranking.
So Partnering with Bi-box gives us a strategic advantage as in
1. Increase exposure in multiple communities to China, Vietnamese south Asia, and south-east Asia.
2. Increase data transparency on CMC, helps us to gain more traction from the trading community which in turn increases the project reputation.
3. Overall increase the project reputation as this exchange is very hot for trading in an altcoin.

2. What can Shiba Inu Classic offer to instill confidence, especially when it comes to liquidity and price spreads when trading?

Well, this is a tough question to answer, we certainly have measures to build user confidence.
1. The order book is super tight on the Exchanges, We have quite some trading volume on the Cointiger and we are expecting the same in the Big-box as well.
2. Our Pre-taste campaign with the Big-box is already oversubscribed, which in itself tells about the high confidence our community has in us.
3. On PCS the liquidity is locked for 3 years straight. And the liquidity when locked was 300,000 USD, which is quite high and we have promised our community that we will maintain liquidity.
exchange wise Cointiger has a very liquid market and Bibox will be having the same. The volume speaks for itself.
4. Market is bleeding at present but the SHIBIC has not seen that kind of devaluation as other currencies/ token has seen.
5. To instill further confidence, our product rollout is on schedule. We have completed the implementation of the first step of DAO in the BSc test net, hence we are delivering upon the project timeline.
6. We are always available to answer trader’s questions and community questions in our community.

3. The goal of Investors, traders is to optimize the reward/risk ratio, so does Shiba Inu Classic have any plans to help them?

We understand that part completely, that’s why we brought the staking program with Contiger, we want to bring more of this program. We are also exploring the possibility to bring in yield farming on the platform.

We are committed to creating value for our investors, to hedge the risk to reward ratio, we will keep bringing more staking options for our community to provide more value.
Also to be noted here, with 3% redistribution, every on-chain wallet is generating value for themselves just by holding the SHIBIC.
4. What is the vision of the Shiba Inu Classic? Which markets are you focusing on?

Well, this question is my fav and the whole leadership of the project is aligned to achieve this.

I would say without de-fi solutions and solutions for Payment space we would like to touch a 10 million user base with aggressive marketing plans and markets being open for crypto space.

We are expecting within the next 24 months, govts will open the economy further for crypto space and we will be ready with our solution, which will be customized for specific geographies. We will be ready to go in and increase our customer base exponentially.

Also, the major thing to note is, we are a majorly community-based project and it is for our community to decide which market to penetrate first. It also matters where our community is based and we would love to roll out where our community is.

Having said that, we would love to expand first in Japan, Korea, which are in the front line of adoption of crypto, and alongside, we would love to test the waters in Asian markets like Indonesia, Vietnam, the Philippines, and India. As much as Govt allows us to operate. We are expecting the policy roadblocks to be cleared within 12–24 months and by that time we will be ready with our products as well. We would also be expanding meanwhile in Europe as well.

II. Twitter questions.

1. How does ShibaInuClassic evaluate the investor’s role in your project? How does ShibaInuClassic deliver optimal returns for both projects and investors? Can I generate passive income with $SHIBIC? If so, please share about the most issue?

https://twitter.com/QuNguyn61793298/status/1484153993383542789?s=20

Well, our investor is our community, they are part of the community and is well integrated into the approach to how this project is governed.
We are not a meme coin to pump and dump, our focus is on delivering a steady return on money invested in the project. History is filled ( crypto is just 15 years old) with an example where a project which has created history by climbing the price range overnight has dropped the price ladder equally fast.
We have the vision to create value by delivering on the project.

We have a super sharp focus on delivering the following
1. Complete Defi- solution landscape for our community/investors: this will enable them to earn the rewards/yield on their investment.
2. Build The SHIBIC Super D-app which will enable 0% fees among the transfers within the ecosystem.
3. Roll out the Payment integrations to enable the SHIBIC holders to pay for their fav utilities in SHIBIC.

To answer the second part: yes you can, SHIBIC has inbuild passive income, based on how much SHIBIC you hold, you will be distributed the 3% redistribution fees.

2. How do you work to Expand the community and become more Popular in Crypto World? What are you planning in ShibaInuClassic with the other Defi institutions? Do you plan to have Technological Alliances or be one more competition?

https://twitter.com/HTh24720028/status/1484155187963265031?s=20

We are working actively to expand our community in multiple language regions. We are preparing to launch a community in Spanish, Vietnamese, and Chinese languages as well. Moreover, the organic media coverage has given us quite some exposure.

We have grown a community of 50K plus on twitter and 25K+ on tg discussion group and another 15k+ on telegram announcement group.

We are working to expand our defi- offering rapidly. Some of them are in a development phase, we are working to have tech alliances with other projects and create a larger ecosystem.
We are also exploring the angle to make this project a true interchain project. I invite you to join the community to know about this first.

We are in talk with onboarding the payment gateway to introduce SHIBIC to fiat and reverse ramp, we will continue to deliver as per our white paper.

3. Do the $SHIBIC holders have the right to participate in the governance of the project? On what kind of decisions can they vote on about the project? AND Do you have any plan to create other features? Maybe yield farm, stake, or NFT project? Can you explain in more detail?

https://twitter.com/FAHAD3079/status/1484097042092019712?s=20

Yes, it is possible. We have just released the voting mechanism on proposals. Where in the community can propose the things they want us to build in multiple categories like Core, Marketing, Finance, Community wise and we will run the voting on them and whatever community decides we will oblige. That’s is what our promise to our community.

We are also building and exploring the yield farming, staking, and another suite of functions for our community

4. I read that you at SHIBA INU CLASSIC are planning to develop a SHIBIC wallet. Taking into account that today there are many in the market, what will be the main advantages that this particular wallet will have over the rest? What would a user gain by using it?

https://twitter.com/Nguyenkosong1/status/1484109115798753282?s=20

Well Shibic wallet will part of larger SHIBIC ecosystem, but the best use case is

1. No Tax on Transactions while you pay users who would be using SHIBIC wallet is SHIBIC Dapp, ex. even finance charges for internal transfer, SHIBIC DAPP won’t.

2. Gas Intelligence feature would allow users to pay the minimum gas fee with the help of AI model, other wallets usually charge a flat fee, SHIBIC app will ask and give the option of the lower fee if they can wait for the transaction to complete in a bit more time

3. SHIBIC Pay will enable users to be able to bridge the gap between the world of fiat and crypto. we want users to use SHIBIC as much as possible and we will integrate it will as many merchants and platforms as possible.

5. SHIBIC Pay, which allows you to pay online or offline merchants using a QR code, is one of your interesting features. SHIBIC Pay is focusing on what sort of merchants or company products? What is the fee of using your payment services, and what are the conditions for registering?

https://twitter.com/imwiiw27/status/1484351073985122304?s=20

This is where the story gets interesting, I would like you to open an app called WeChat ( In China) or Paytm ( in India). These two applications took a decade to complete the whole ecosystem of payments. You can buy almost anything on this application and it is impossible to imagine life without this application in their respective countries.

We are inspired by their path taken in Fiat world. And we aim to take similar path but in Crypto better ecosystem, with the help of our community as a community will be adopting the whole ecosystem first.

As of now since the whole system is under design and crypto DEFI industry is very young, merchants are yet to adopt the crypto wallets in most of the countries, our aim is to have the part of crypto ecosystem have a strong DEFI offering and that to with not too many things to start with but essentials — No In Wallet Payment Fee, Low Other Wallet Payment fee support via AI driven gas intelligence, Getting Fiat from Crypto via OTC partners and QR code level integrations for fast saving and paying to wallet addresses.

That’s the beauty of the ecosystem, it will free the users from the heavy fees that blockchain put over them.

III. Freeasking on Telegram.

1. IF THE BEAR MARKET COMES will your token PROBABLY DUMP? Do you have any plan to prepared for this bear market? How will you handle the panic sell ?

I like this question, as we are going through a string market correction and market is going though touch time.

One thing is needed to be understood about crypto market. That it is VOLATILE. and risk is always there.

But we as a project, do not control the market, but we have a vevry good community which always step up whenever we have seen a down trend

Being a community first project, our holders are super secure about the delivery of the product and they keep holding the coins, of course there are people who want to make 1000X in one day. but to be hinest we are a long term project not a pump and dump project.

We have provisioned enough liquidity in PCS and in exchanges if anyone want a out. That is our commitment to our community.

2. I was studying your governance model and I discovered that users can TRANSFER their VOTING RIGHT. Why do you allow delegated and transferred voting? How will you ensure this will not be done indiscriminately to manipulate decision in favour of certain interest?

Hi, a our voting system is built transparently, and the code is on the github, you can check it your self.

In our code, we have not made this provision. A USER CANT DELEGATE THEIR VOTING RIGHTS. that;s a feature of POS blockchains. from a gas fees point of view it will cost amazing amount of money to be able to do that . Hence

SHIBIC does not allow that.

only those who holds the SHIBIC in their Wallet are able to vote.

for those who do not know : we just implemented voting mechanism on our test net and is open for alpha testing.

3. Do you have an AUDIT certificate or are you working to AUDIT your project, so that its security becomes more secure and reliable?

Yes we are certik audited and you can verify the same on our website! which is shibainuclassic (dot) io

4. NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?

as of now, we are not going to NFT space as we have a clear cut mandate through our white paper which has been vetted by Legal firms as well. if we go to NFt space, we might go as a payment partner to any NFT marketplace .

Staking program is already live on cointiger, first tranche is already full. we will bring the next one very soon.

5. What are the ways for your project to generate revenue in the long run? What is the progress of business development and what are some of your commercial partnerships?

Well staking and yeid farming generates revenue for all of us. Dex which we have planned in dec 2022 will also generate revenue in terms of fees.

Payment processing system will generate revenue as we onboard merchant and we will put fees on them for integration.

In a long run, our number are quite promising. and we are very sure to generate revenue as well as becoming profitable as well

Again, don’t forget to join the SHIBA INU CLASSIC community for further assistance. Thanks everyone.

Twitter — https://twitter.com/shibainuclassic

Telegram Community — http://t.me/shibainuclassicfamily

Telegram Annoucement Channel -

http://t.me/shibainuclassic

Telegram Shilling Group -

https://t.me/shibainuclassicshilling

Official YouTube Channel -

https://youtube.com/channel/UCoJAEWr5flM-naRqC785TkQ