Recap AMA TKNT x Vietnam Coin Market Community

10 min readOct 7, 2020

Hubert: Hello everyone,

Only 5 minutes left and the AMA event of TKNT will be started

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

Translator: @nguyetvcm

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

After Segment 2 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

“TKNT”

Today’s AMA session is composed of 4 parts:

1 — Say hello, introduce the project

2 — AMA moderator asks the project 5 questions that will be selected first.

3 — Ask the community (unmute the channel and let the community ask questions freely on telegram. Then the guests will choose about 10 good questions to answer)

4 — Quiz — Give 5 quizzes to the community to answer

You must complete the task at this Tweet. All violations will result in cancellation of AMA results:

https://bit.ly/33z8q9xv

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

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

Mr Benjamin Woo: Great! We shall start soon.

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

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

Mr Benjamin Woo: I am Benjamin Woo from TKNT Foundation. Other than this, I am operating blockchain & cryptocurrency VC in Korea. Have been working in this field for last couple of years and invested over 150 projects. TKNT is the project that we are focusing on these days because it is following the trends of Defi with its new concept of bet-mining, which is quite unique.

TKNT is a platform that provides Defi services with an ERC-20-based utility token. Starting with the launch of a decentralized staking service in September 2020, TKNT will introduce a variety of Defi products such as lending, staking and swaps. Technical support is provided by Dexfi, consisting of renowned white hackers.

Throughout a partnership with TKN.COM, №1 cross-blockchain Defi gaming Dapps, TKNT can bet-mined only through games within TKN.COM. There was no ICO or private sale.

Hubert: Welcome!

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 TKNT project stand out more than the projects in the same direction at the moment?

Mr Benjamin Woo: Originally, there was no concept of returning profits in Defi. However, starting with Compound platform, they have recently been rewarding their governance tokens. Of course, you can build yield farming within our platform as well. However, while Defi projects use it for promotion to increase their TVL (Total Deposit Volume), TKNT does not require unreasonable interest payment for it can be simply mined through Bet-Mining at TKN.COM, active within existing user base. Plus the value of the token continues to rise due to the half-life coming from Bet-Mining.

Hubert: Thanks for this impressive information. We will go over the next question.

Who are some business partner/clients for TKNT?

Mr Benjamin Woo: TKNT Foundation is currently in alliance with TKN.COM / IgnisVC / BKEX Capital / Block Technology / Zenith Ventures / ICO.COM / Lava Hongkong and more. TKN.COM is currently our main partner, where you can mine TKNT just by betting inside the game platform.

Hubert: Thank you, we could give some mins for our audiences to read more about the comment.

Hubert: We will come to the next question:

What are the memorable milestones of TKNT in the research and development process?

Mr Benjamin Woo: TKNT listed in Foblgate and acheived very good result. In addition, it was listed in BKEX exchange, a global top 10 exchange and reached up to 1800% worth of rise in the exchange. Still more and more things are coming up. As you have asked, TKNT will be listed in few more global exchanges including Europe, US, and other countries. We will update those via our official channels.

There will be many things coming up in few weeks. We will update those via our official channels. Shortly, not only the platform updates and token economy for the value, but also foundation governance to create more solid project will be done in 2–3 months. Also, we are discussing with few more global exchanges to create more users from global. So, TKNT will be listed in few more exchanges after BKEX listing, including Europe and US region.

Stay tuned for updates. we hav more excting news coming up soon related to tkn.com and tknt!

Hubert: Thank you. What does TKNT plan to do to attract more users in the upcoming time?

Mr Benjamin Woo: Our foundation has people from various countries including Europe, the United States, China, Korea, Japan, and Mexico. Therefore, we have a promotional strategy tailored to each country.

Although the technology is crucial, the platform is untact without strong marketing. We have a very strong marketing team to disclose the project to the world. Our marketing team educates people about what Defi is, how easy it is to use, and what benefits it can benefit from.We will convey the best of our project according to today’s trend to have people easily use our platform, bet and mine TKNT, and stake and pay with TKNT.

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

Next, the Vietnam Coin Market team (VCM) will open a chat for the community to ask questions to the project. We will have 3 min to ask. The TKNT project will then choose 5 questions to answer.

Let’go!

Now!

Let’s give some mins for @tknt_BEN to choose 10 questions to answer.

@tknt_BEN, you may proceed now.

Question 1. Where does the project name come from? What does it mean for you and why did you choose that name for your project?

TKNT stands for TKN Token.

Question 2. Many new projects made a good impression at first but were suddenly abandoned. My question is, how will you manage the project and token to gain a place in the market and become a best token in the blockchain world?

Although TKNT is not an STO token, we believe that each TKNT token holder is a shareholder of the TKNT Foundation. Of the current total issuance of 1 ths to 2 years, and after the lock-up period is released, 5% is distributed every month. The total circulation volume on the two exchanges in Korea and China does not exceed 20 million. The amount distributed to the team and partners has a lock-up period of at least 3 months.

Existing tokens and future tokens will enter the automatic staking and swap pool for one year. This will prevent unexpected tokens from being released to the market. In addition, through collaboration with TKN.COM, the TKNT Foundation buys back and burns 15% of TKN.COM’s commission income every month from the exchange. Also, mined tokens will be staked or used for swap pool, which will be controlled for the supply to create more value of the token.

Through these methods, we plan to create the value of TKNT, and the incinerated tokens will be sent to the address 0x000000000000000000000000000000000000dead. This will be continuously notified through the website and official channels.

Question 3. We all know that the Ethereum Network has many problems: scalability issues, high gas fees, slow speeds, and many more. So,

Why did you choose to build your token on ERC-20 blockchain ecosystem? Why not build it on some scalable blockchain instead as Ethereum?

Currently, the Defi market is over $4 billion, and 87% of the Defi market is locked up on the Ethereum blockchain. However, Ethereum’s dominance accounts for only 12% of all cryptocurrencies. Currently, it is proceeding on the Ethereum blockchain, but through collaboration with UYT, which has successfully developed its own blockchain using Polkadot’s substrate technology, TKNT also has its own blockchain technology and can always be moved to another mainnet. By integrating a decentralized liquidity pool, we plan to enable cross-chain lending and landing with built-in synthetic assets, and use various mechanisms to ensure maximum liquidity.

In other words, it will be the best Defi platform that can be integrated and used by users of major crypto assets such as BTC, ETH, DOT, EOS that were previously isolated.

Question 4. Does TKNT have a bonus / reward program for the most $TKNT token holders? if any, what kind of rewards do you offer?

We do have a staking system that will launch in the near future within this month. The advantages of staking TKNT is as follows:

1. Getting a percentage of tokens as rewards for staking,

2. Automatically participate event for the staking holders only,

3. Enjoy your influences within a given community.

Question 5. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates??

Yes please stay tuned in our official channel:

📩Contact Us:

Official Website — https://www.tknt.io/

Medium — https://medium.com/@tknt

Twitter — https://twitter.com/tkntfoundation

📣Channels:

TKNT Global Offiical Channel: https://t.me/tknt_official

TKNT Official Indonesia: https://t.me/TKNTindonesia

TKNT Official Bangladesh: https://t.me/tknt_bangladesh

Question 6. Today in every sector our slogan is “PRIVACY IS OUR RIGHT”. How would your project offer a Blockchain Privacy Protection for users?

TKN.COM is backed by the development team of Betprotocol. Based on blockchain, TKN.COM was tested over 80 million times by ItechLabs, obtained license from Curacao, and runnning a 100% transparant system in terms of betting. Since we do not run a centralized system, there are no bots manipulating the system.

Question 7. Where is TKNT road map now? Are all targets in accordance with the current road map? and what are the next steps that will be taken in the future?

Tknt roadmap is in our whitepaper. I will post it in this chat:)

https://t.me/chocoin_VN/1271946

Question 8. In some countries, gambling is illegal. So, is TKNT not potential? How do you think about this?

Before elaborating, I would like to make clear that TKN.COM and TKNT is seperate foundation. TKN.COM products are operated by Ignisvc B.V. registered address, Heelsumstraat 51, Willemstad, Curacao. The company is licensed and regulated by the law of Curacao under the Master License Holder Curacao eGaming with license number 1668/JAZ. Therefore, as officially licensed platform, the platform itself is free from illeagal issues. But if you reside in a location where lottery, gambling, or betting over the internet is illegal, users should not be involved in anything related to these activities on the site. You must be 21 years of age to click on any gambling related items even if it is legal to do so in your location. Recognising that the laws and regulations involving online gaming are different everywhere, players are advised to check with the laws that exist within their own jurisdiction or region to ascertain the legality of the activities which are covered. The games provided by TKN are based on blockchain, fair, and transparency. When you start playing these games, please take note that online gambling and lottery is an entertainment vehicle and that it carries with it a certain degree of financial risk. Players should be aware of these risks and govern themselves accordingly.

Question 9. Can you briefly explain about TKNT Foundation mining?About how we can join and what APR will we get? How does TKNT Mining work? Do I need a large machine like a bitcoin antminertomine TKNT?

On gaming platforms where TKNT is listed, users can mine TKNT according to their bet amount, and can mine anytime, anywhere, just through their phone or PC. TKNT can be only achieved by bet-mining at TKN.COM or purchase in the exchanges at the moment.

As every 10m pieces of TKNT mined, double-halvening starts. Which means, now user can get 1 TKNT by playing 8USDT worth of betting (previously 2USDT before 1st halvening at September), and at 2nd halvening, user can get 1TKNT by playing 34USDT worth of betting with their BTC, ETH, USDT, or TKNT. This process allows tokens to have both transactional and intrinsic value, which provides the basis power to TKNT Foundation in the market.

Question 10. I am an investor, can you share the advantages and great features of TKNT over other competitors enough to make me decide to invest in TKNT?

# of Issued TKNT: 1 Billion

Current Supply: 10 Million

Bet-mined tokens will be staked or used for swap pool for 1 year. Founders, Team, and Partners token is locked for a certain period (e.g. 6 months lock-up, 5% vesting per month). There will be no unexpected supply of the token. As you might know, there were many tokens which lies about the supply and dump in the market. But we will publicly announce all our locked up and buyback & burnt token every month for transparency.

One more thing, by partnering with TKN.COM, TKNT foundation will buyback 15% of fee of TKN.COM’s house edge from the market every month.

Finally, we are discussing with few more global exchanges to create more users from global. So, TKNT will be listed in few more exchanges after BKEX listing, including Europe and US region.

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

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

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

Telegram: https://t.me/tknt_official

Twitter: https://twitter.com/tkntfoundation

Website: https://tknt.io/

VIETNAM COIN MARKET COMMUNITY INFORMATION:

Website: http://vcmcommunity.online

Medium: https://medium.com/@chocoin_VN

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

Twitter: http://twitter.com/chocoin_VN

Facebook: http://facebook.com/chocoinVN

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