Recap AMA Shiba Inu Classic x Vietnam Coin Market Community

13 min readDec 29, 2021

Mr Hubert: Hello everyone,

Only 15 minutes left and the AMA event of SHIBA INU CLASSIC will be started

The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and SHIBA INU CLASSIC project’s representative is @shibainuclassic_offficial.

@shibainuclassic_offficial

Translator: @nguyetvcm

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

“SHIBA INU CLASSIC”

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/1475327088991170562?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.

https://cointiger.zendesk.com/hc/en-us/articles/4415119111578-SHIBIC-Will-be-Available-on-CoinTiger-30-December-4-787-000-000-SHIBIC-to-Give-Away-

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

Mr Siddharth: Good evening everyone.

Mr Hubert: Hello sir!

It’s a pleasure to all of you who participated in the AMA today.

Mr Siddharth: thank you for letting SHIBIC a part of your community.

Mr Hubert: Could you briefly introduce about yourselves as well as your project?

Mr Siddharth: Hi Community, My name is Siddharth Jain and I am project lead of shiba inu classic. I welcome you all for this AMA. I come from Technology back ground.

I have experience in building multiple products in technology in travel, advertisement and enterprise solutions

apart from that I am a serial entrepreneur and I have built multiple business from travel to textiles.

I strongly believe in the decentralized ecosystem which block chain provides.

and about the project :

Shiba Inu Classic is a community first project with focus on providing the complete suite of defi solution to community. We are building a super D-App which will host all sub application where user can do multiple utility payments and other things.

the main thing about the project is Defi Solutions Priortized By Community Voting, Not Project Leaders

we are building this project To Support Super Small and Super Big Payments with low transaction fees (In ~0.3–0.5 USD txn fee, you can send 1T+ Tokens)

we are also building a charity function where we support charities prioritised by our community

I would say in one line Shiba Inu classic is people’s token with actual Decentralized finance applications, which is built for the community, with community inputs and to give back to the community with a charity every month with a strong governance model

Project Has Four Core Functionality Engg wise — SHIBIC Wallet, SHIBIC Pay, SHIBIC TO FIAT & Gas Control From Product Side, all future sub-features will be built around them. SHIBIC Wallet will be a major part of enabling 0% transaction fee while paying merchants and users who are using the wallet, thus saving tax fees and enabling instant payment, also will enable voting and rewards programs by holding SHIBICs. SHIBIC Pay would align with the wallet to pay for payments by SHIBIC either internally from the app or by payment partners, for example, eventually, you would be able to pay for online merchant stores with SHIBIC Wallet because we will integrate with SHOPIFY via a payment gateway and more such engagement will be added. The third is SHIBIC TO FIAT — this is to enable SHIBIC withdrawal in FIAT via OTC partner / ATMs, as Wallet is built we will enable this with OTC partnerships, which should be done region by region in the coming months. Last is Gas Control intelligence — Growing Gas payment is a huge problem and we want to give insights to the user on how they can reduce it by providing details/options of paying by low fees either low load on-chain or by time delay.

Mr Hubert: How wonderful. The VCM audience is also eager to study the SHIBA INU CLASSIC project.

How wonderful. The VCM audience is also eager to study the SHIBA INU CLASSIC project.

Let’s get to the first question we’d like to know from you.

What makes the SHIBA INU CLASSIC project stand out more than the projects in the same direction at the moment?

Mr Siddharth: Thank you, for this question. Let me answer that :)

Shiba Inu classic is a community project. So the main thing about this project is the transparency which we are building for this project.

a. We are sharing all our milestones with the community in terms of product and technology.

b. Direct Control of Community to influence every major decision in the project with polling.

We ask the community about the major decision we take. for example community asked us to burn the 90% supply and we complied with that request.

apart from the community, we are also building some tech features which will make the whole ecosystem fit for the use of people in South Asia.

Super Sharp focus of the project to solve one thing in Defi Space — Small to large payment with Super Small Transaction fees, other features are just built around it. We are not trying to do too many things. Shiba Inu Classic aims to make crypto use practical on day to day basis for general users for regular payment we do today with local currencies we have. Current systems from the EU or America are for the European and American markets with a focus on large payments.BTC and Etherium is out of reach to the majority of people, we want to include more people in the ecosystem to make it a project which touches people’s life.

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 SHIBA INU CLASSIC?

Mr Siddharth: Currently, we partner with Tencent, as we are gold sponsors to their Infinity Program, which is a token value exchange program, where their subscriber base gets SHIBIC tokens as airdrop reward while stacking their tokens and holding SHIBIC for the long term together with locked-in tokens over 180 days.

Next Priority Partnerships we will do with OTC partners to enable SHIBIC token to be withdrawn in local currency.

And then our aim is to do partnerships with Payment Gateways to enable SHIBIC Wallet integrated and used to pay for services with SHIBIC, like paying on Shopify stores for purchases in near future.

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 SHIBA INU CLASSIC in the research and development process?

Mr Siddharth: Thanks for asking this :).

When we completed our voting system integration with our smart contract successfully, this will enable holders to extend votes which will be logged in the blockchain forever and would be publically available for checking that how community decisions were taken in the SHIBIC project.

We just concluded logic engine building to make payment within the SHIBIC Wallet holders will be free forever. This is a major milestone for us to allow no fees and mass adoption of Shiba Inu classic in long run.

Other then above two, my personal one is, when we did our launch with Kanga and Tenset where our IEO got sold out in about 4 seconds. That built our confidence of what we are doing is right as there is a strong community that is backing us up.

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 SHIBA INU CLASSIC plan to do to attract more users in the upcoming time?

Mr Siddharth: Thanks for asking this :)

We are focusing on four things to attract users –

1. Build the SHIBIC Dapp which will host the SHIBIC ecosystem Fast in next 3 months

2. Make sure its features are super useful for users, specially in the markets where small payment (under 10$) is large part of economy

3. Continuously Growing partnerships with OTC and Payment Gateway partners to enable day to day usage of Shiba Inu Classic

4. We are focusing on community

a. We are building a strong community that will keep supporting us.

b. this community will be our first user base, which will help us to get traction in the market.

on top of this, we listen to our growing Community to ask what and how to build the next features in the SHIBIC Dapp.

Mr Hubert: How wonderful, sir. VCM will make a small contribution to the project support. Nice to do this. 😊

The last question is already done. Thank you @shibainuclassic_offficial for bringing the above useful information.

We’ll move on to segment 3: Questions on Twitter.

We will come to the first question: •Where can I buy your tokens ?

•Also all the links to all your social media platforms if possible?

•Is it available on any exchange?

from: https://twitter.com/Iron_manss/status/1475338465625604101?t=McWBuQ5vj7MLB8S8lmviDw&s=19

Mr Siddharth: Sure :)

Here are the link to buy The SHIBIC :

You can Buy our Token on Kanga Exchange — https://trade.kanga.exchange/market/SHIBIC-USDT , on

Pancakeswap — https://pancakeswap.finance/info/pair/0x5f59de0d25fc7b40d797df79f91c2bd55aa5f261

and on CoinTiger from Tomorrow at 10 AM UTC Time.

and for social media links

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

Official Website -

https://shibainuclassic.io

Trade Pairs Live -

Pancakeswap -

https://pancakeswap.finance/info/pair/0x5f59de0d25fc7b40d797df79f91c2bd55aa5f261

Kanga Exchange -

https://trade.kanga.exchange/market/SHIBIC-USDT

Mr Hubert: Thank you for sharing the above information. We come to question #2: In SHIBA INU CLASSIC wallet holders get tokens over time automatically with a built-in 3% redistribution fee. Will this 3% always be a fixed percentage, or could you or your community consider adjusting it in the future depending on the needs of the project?

from: https://twitter.com/cryptoenr1que/status/1475907826031726593?t=qx6dhQxuJQS_4DVvlqpJ4Q&s=19

Mr Siddharth: Thanks for asking this, here is my answer:

We will take a community vote over the percentages to be kept the same or to change when the SHIBIC token supply is reduced to 50 Trillion tokens, right now it’s nearly 112 and reduced due to automatic burn. So seems the decision for any change by the community is nearly 4–6 months away at this pace.

Mr Hubert: Thank you for providing the information. We come to question #3:

Can you list 1–3 KILLERs features of YOUR project that makes it ahead of its competitors?

What is the competitive ADVANTAGE your project has that you feel most confident about?

From: https://twitter.com/Lalkhan01234/status/1475332945271406595?t=68MsoUJ87FsezimqErVD0g&s=19

Mr Siddharth: 1. No Tax on Transactions while you pay users who would be using SHIBIC Dapp, ex. even finance charges for internal transfer, SHIBIC DAPP won’t charge user for transfers within the ecosystem.

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

Both are a strong advantages which will enable SHIBIC token usage along with other features a practical thing

Mr Hubert: Thank you for answering the above question. We come to question #4:

Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships?

from: https://twitter.com/Afif_io/status/1476006426715701250?t=6VTcbKk8vmAPNqq_Esml6A&s=19

Mr Siddharth: Thanks :) here is my answer :

As mentioned before, currently we have Tencent as a partner, we gain strong long-term SHIBIC token holders with their infinity program. The second partnership we seek is with a strong payment processor, we are talking with a few leading ones, this is a critical partnership to enable payments with SHIBIC online for general-purpose transactions, like using on an online store. The third Partnership would be multiple OTC partners worldwide to enable SHIBIC to be converted in local currency, so you can SHIBIC to anyone in the world in under 1 min usually.

Mr Hubert: We come to the final question in this segment 3: Who are currently the partners that support ShibaInu ? Also, who is the CEO of the project? Is the team anonymous?

from: https://twitter.com/nicole_binuya/status/1476012950007603200?t=9ZjnpbhUWMRRrs3BLJ68gw&s=19

Mr Siddharth: Thanks for asking this question, here is my answer :

Currently, SHIBIC has Tencent as airdrop partner. Apart from this, we are in advance negotiations to get OTC partners on board to enable fiat to SHIBIC transactions and vice versa.

About Ceo: I am the CEO/ Project Lead. Not all the teammates are completely KYCed and not anonymous, they are visible on our website along with their social media link (LinkedIn).

Mr Hubert: The last question is already done. Thank you @shibainuclassic_offficial 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 SHIBA INU CLASSIC project will then choose 5 questions to answer.

Let’go!

Now!

Let’s give some mins for @shibainuclassic_offficial to choose 5 questions to answer.

@shibainuclassic_offficial, you may proceed now.

Question 1. Do you have a whitepaper? if yes please share it with us and secondly are you working to AUDIT your project, to make its security more secure and reliable?

Yes we do have a white paper, please feel free to visit this link to read the white paper:

https://shibainuclassic.io/documents/Shiba_Inu_Classic_Whitepaper.pdf

Question 2. Audit is important for both trust and security. Have you done any audit of smart contract?Is your project only for English speaking countries or is there a community for other users?

Thanks for asking this: Security is very important for us. We are audited by certik already. The link to the same is on our website: shibainuclassic.io

Also, we are building more communities for people who speak languages other than English, very soon you will see communities for major languages and geographic regions.

Question 3. Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?

Thanks, @AlleenSalmon for asking this. Actually these are a story behind this

Shiba Inu ( The original) founder Ryoshi (a pseudonym that may refer to a single person or a larger group) wanted to explore the power of a cryptocurrency project entirely controlled by a community of fans and developers. Saying “We are an experiment in decentralized spontaneous community building,” according to the original Woofpaper. With Shiba Inu Classic we are doing better, we are a transparent team with a face and real name and token with real purpose. Shiba Inu is built on ERC-20, which leads to high gas fees, Shiba Inu Classic is built on BEP-20, which has very fewer transaction fees of nearly 0.5 USD. If you see, Dogecoin does offer a proven technology platform that does many of the same things as Litecoin or Bitcoin. But stills It’s a simple token that can store, carry, or trade monetary value as people buy and sell it. Advanced features such as smart contracts and sharding are nowhere to be found. Shiba Inu Classic has all those features which Shiba Inu and Dogecoin don’t have as I mentioned. Shiba Inu classic is people’s token with actual Decentralized finance applications, which is built for the community, with community inputs and to give back to the community with a charity every month with a strong governance model.

That’s the core idea and that’s how we came up with the name.

Question 4. What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?

Thanks, @trenlipa for asking this:

The ultimate goal is to build a system that is synonymous with what we chat is in the fiat world in china and what Paytm is to India. That goal will take time to achieve as the ecosystem has to be mature and blockchain technology has a long road to cover. But we want to be part of people’s lives and provide them an ecosystem where users have a voice :)

Also you are most welcome to join our community on TG to updates :)

Question 5. Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?what companies are you partnered with or seeking to partner with in future ?

Thanks, @Sangdz for asking this. it is a very important question.

I would say that there is a huge benefit in holding the token. all holders get a 3% redistribution from every transaction. so without any staking, you earn a reward just for holding the token. Moreover, we have a long-term vision for the product and with an increase in adoption, we will see the value of tokens go up. I have already answered about partners and possible partnerships.

Mr Hubert: So the AMA SHIBA INU CLASSIC at Vietnam Coin Market (VCM) is also coming to an end. Hopefully in this direct exchange, the community has a basic understanding of the SHIBA INU CLASSIC project. I am the moderator today. Congratulations to the SHIBA INU CLASSIC.

Thanks @shibainuclassic_offficial for joining AMA with the VCM community today. Wish you much health and success.

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

Official Website -

https://shibainuclassic.io

Trade Pairs Live -

Pancakeswap -

https://pancakeswap.finance/info/pair/0x5f59de0d25fc7b40d797df79f91c2bd55aa5f261

Kanga Exchange -

https://trade.kanga.exchange/market/SHIBIC-USDT

Mr Siddharth: Thank you community, for giving me this opportunity to have a conversation with you. I want to thank @taitan296 as well for moderating this. Have a good evening ahead. and I wish all of you Advance Happy new year and season’s Greeting from all of SHIBIC family.

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

Discord: https://discord.gg/qCg9K6Hez4

Youtube VCM: https://www.youtube.com/c/vietnamcoinmarket

Twitter VCM: http://twitter.com/chocoin_VN

Email: vietnamcommunity.ccvn@gmail.com

Wechat ID: taitan296

Angel Investors For Crypto: https://t.me/AngelInvestorCommunity

Angel Investors Channel: https://t.me/angelinvestors_ann