CryptoBooster X dNFTspot AMA Recap on October 12th



Part 1—Introduction and question from the Twitter retweet


Marz car | Cryptobooster:


Hi.. sir


MaxeyDGreatest | OpenLeverage:


Nice to meet you all.



Marz car | Cryptobooster:


Greta to have you here with us today sir...


Shall we start....


Let's go.. are you ready sir...


Good day everyone...@MaxeyDGreatest an honour to have you here .


MaxeyDGreatest | OpenLeverage:


Yes,sir


Marz car | Cryptobooster:


Can you please introduce yourself and the amazing project dNFTSpot for our audience.


MaxeyDGreatest | OpenLeverage:


First, I am Gideon, Team Lead, Core Team Member of dNFTspot @dNFTspotOfficial . With a laser eyes, I am glad to be here to answer all your questions. I am fluent in several programming languages. Heard about Bitcoin in 2018, while I was in college. Feel in Love.


Smart-contracts got popular in the crypto space, so I started playing gaming dapps. Worked on a PVP gaming Dapp concept which I consider very successful and moved with the market to participate in Defi Dapp and now building NFTs protocols.


Non-fungible tokens (NFTs) are a class of cryptocurrency assets in which each item, or token, is unique. This makes them less relevant as a currency, but quite useful for other things—such as crypto art, music, and gaming, e.t.c. An NFT is backed by a social contract from its creator and a surrounding community.


Marz car | Cryptobooster:


Great... Please tell us a bit about the project we are very curious.. 😅😅


And let us know once you finished


MaxeyDGreatest | OpenLeverage:


Our vision to build a decentralized dNFTspot platform to give NFTs investors on the dNFTspot platform better prices for their NFTs is just one piece of the puzzle. dNFTspot is a decentralized platform to mint, launch, and discover NFTs. The dNFTspot feels that many things can be done with the NFTs and we are working together as an awesome team on NFT ideas we find cool.


So basically, the core of the team are blockchain enthusiasts and investors in several projects across multiple chains including but not limited to ETH, TRON, and BSC.


We have a good working relationship and understanding amongst ourselves as we have been together for a while, dating back to a gaming dapp built with the help of Sesameseed on TRON and we are a part of several communities and communal projects on BSC. A large part of us are behind the Nftswaps.io project which was created to solve the issue of liquidity as far as NFTs are concerned and seeing that something was missing, we decided to create dNFTspot.io


Marz car | Cryptobooster:


Amazing, let's move to part 2...


Twitter questions..


Are you ready .. 20$ for each selected question...


Number 1,Q1:. With a total supply of up to 100B, do you guys have a BurnToken plan or TAX BuyBack mechanism per transaction to increase NFT's appeal and value? How will you convince users to hold NFT tokens in the long term?@Tarbonyt


MaxeyDGreatest | OpenLeverage:


1. Our total supply isnt 100 B, here is why the dNFTspot SPOT Token is valuable long term.

SPOT is the native and utility token for the dNFTspot platform. It is also a reflection token with a 3% fee (1% to be redistributed to SPOT holders and 2% automatically supplied to PancakeSwap Liquidity). Persons interested in participating in a public sale on the platform must hold SPOT.


The input reflection mechanism encourages SPOT token holders to hold on to their SPOT tokens in order to earn SPOT fees from the transactions on the market and a higher percentage of the fees is used to feed pancakeswap liquidity.



SPOT TOKEN INFORMATION


Token Name: dNFTspot Token

Token Ticker: SPOT

Precision: 18

Maximum Supply: 21.000.000

Transfer Fee: 3%


✓ 66.667% goes directly to liquidity on pancakeswap.

✓ 33.333%: redistributed proportionately to $SPOT holders.


this as the SPOT Token information

And of providing value, here is the goal below


$SPOT token will give users access to the limited KEY NFTs which in turn serves as the Platform's Governance Token and represents the core of the community which would be involved in decision making and vetting on the platform. The $SPOT token raised during the process of the KET NFT sales will be burnt. $SPOT token would also serve the purpose of utility on the platform by giving users access to participate in the Public Sale Round of an NFT Drop on our platform.


SPOT is also a reflection token with a 3% fee (1% to be redistributed to SPOT holders and 2% automatically supplied to PancakeSwap Liquidity).


The input reflection mechanisms encourage SPOT token holders to hold on to their SPOT tokens in order to earn SPOT fees from the transactions on the market and a higher percentage of the fees is used to feed pancakeswap liquidity.


Additionally—and this is where it gets very interesting, $SPOT token would serve as the utility token for the platform's marketplace. The utilities mentioned are just the early use cases for the $SPOT token which would further be built on.


Marz car | Cryptobooster:


Thanks you for this information... Always critical to know about the actual token powering the ecosystem and the economics behind it


Let's go to number 2....


Q2: All the goals of your project is absolutely great, But One of the main factors users looking for in the crypto project is the use cases of the token? So what are the Use cases of $SPOT token in your platform? What are your plan to increase the adoption of $SPOT token?@MinhTru31477298


MaxeyDGreatest | OpenLeverage:


This is almost same question as above


On convincing users to use our platform to mint NFTs through our platform, below is the answer:


dNFTspot is designed such that some % of fund raised in BNB on dNFTspot platform is locked as liquidity for the NFTs (that is being sold in an NFT Drop) automatically and forever on NFTSwaps.io NFT AMM subtoken system. Complex right? No, this has a very simple UI across both platforms. Both platforms interoperate on the UI and contracts are built on top of each other. With this design, there is definitely an underlying value for the NFTs, if they sell out through an NFT Drop on the dNFTspot platform.


Marz car | Cryptobooster:


I agree that you already partly answered... 😅😅 Apologies these are the questions I was given... 😅😅😅 Thanks for complementing what was said before we have a very detailed knowledge of token use cases and economics now....


Thanks super


Number 3...Q3:.Have you completed any security checks before? We've seen dozens of hacks, exploits and something like that over the years. So, what kind of security system do you implement on @dNFTspot platform? How do you get users to transact on your platform without any worries at all?@o_meye


MaxeyDGreatest | OpenLeverage:


Yes, at dNFTspot, the team takes audits very seriously and we have done our first token audit with Solidproof.io


Audit Verification Link: https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_dNFTspot.pdf


More audits will be done by prominent audit firms like Hacken and Certik in the coming future.


We have concluded talks with CryptEx Locker to vest all token distribution that isn't up for the IDO according to the vesting schedule as can be seen on our Litepaper.


dNFTspot Platform launchpad Rug Proof feature is designed such that some % of fund raised in BNB on dNFTspot platform is locked as liquidity for the NFTs (that is being sold in an NFT Drop) automatically and forever on NFTSwaps.io NFT AMM subtoken system. Complex right? No, this has a very simple UI across both platforms. Both platforms interoperate on the UI and contracts are built on top of each other.


Marz car | Cryptobooster:


thanks a lot great answer... And this gives us so much confidence in the project...


Very important stuff... 💥💥💥


Number Q4. There are 2 different types of Tokens in your platform, $SPOT and KEY NFTs. And you said we can buy KEY NFTs with $SPOT. But how are they different? And if we want to invest in your project, should I hold $SPOT or KEY NFTs?@PiloT9804


MaxeyDGreatest | OpenLeverage:


1. $SPOT is a bep20 token and KEY NFTs are bep721 tokens


Given I have given the information of SPOT above, I will share the information of KEY NFTs.


Prior to the launch of the dNFTspot platform, there will be a dashboard where interested participants can BUY KEY NFTs with SPOT tokens. KEY NFTs is the governance token for the platform and every holder is allowed access to the platform's private governance chatroom where decisions are made as regards the direction of the platform.



max. supply => 21.000 KEYS

hardcap => 630.000 SPOT



ruby KEY

✓ max. supply => 10500 (50%)

✓ price => 10 SPOT

✓ hardcap => 105.000 SPOT


sapphire KEY

✓ max. supply => 8400 (40%)

✓ price => 15 SPOT

✓ hardcap => 126.000 SPOT


emerald KEY

✓ max. supply => 1890 (09%)

✓ price => 100 SPOT

✓ hardcap => 189.000 SPOT


diamond KEY

✓ max. supply => 210 (01%)

✓ price => 1000 SPOT

✓ hardcap => 210.000 SPOT