AMA RECAP : Capital Blockchain & BAT Protocol
June 20, 2021 by Capital Blockchain
Recap AMA with CapitalBlockchain
we have this recap for you:
INTRODUCTION
1st part : AMA Host Q & A session
AMA Host: Hello Mark 'Welcome to our CapitalBlockchain Community .Thank You for joining Us , kindly give us Brief introduction About Yourself And The Team.?
Mark Co-founder and project manager:
Hi! Thanks for inviting me here :)
My name is mark and I’m from us & an entrepreneur at heart. I have been doing research on big data for more than 25 years, and AI for more than 15 years. I did my undergraduate program at Carnegie Mellon University, and later a PhD at Stanford, both in Computer Science, focusing on Artificial Intelligence.
We’re in a digital economy where data is more valuable than ever. It’s the key to the smooth functionality of everything from the government to local companies. But the data set is like in a silo, which is extremely lacking in liquidity. Our startup was built upon the premise that tokenizes data with commercial value through a network of professional data providers and makes data tokens liquid on the chain.Bat Protocol aims to provide new impetus for the Web 3.0 data market. ata token structured products can take many different forms. The Bat protocol allows users to generate tokenized data futures. This means that defi users will be able to use leverage to trade data tokens on the BAT data market. In addition, users will be able to use these data tokens to create new derivatives markets. Bat Protocol is committed to becoming a market leader in data derivatives and able to continue to expand the overall scale of the industry. In the future, the bat agreement can help DeFi products reach new markets that the industry cannot reach
Thank You Mark sir For The Brief Introduction Let's begin 💥
Q1) What is BAT Protocol..? Can you explain in more details..?
- Answer - Bat Protocol aims to provide new impetus for the Web 3.0 data market. ata token structured products can take many different forms. The Bat protocol allows users to generate tokenized data futures. This means that defi users will be able to use leverage to trade data tokens on the BAT data market. In addition, users will be able to use these data tokens to create new derivatives markets. Bat Protocol is committed to becoming a market leader in data derivatives and able to continue to expand the overall scale of the industry. In the future, the bat agreement can help DeFi products reach new markets that the industry cannot reach. Done.
Q2) Could You Give us Some info On The $BAT Token?
- Answer - BAT is the only ecological token issued by BAT Protocol based on OKChain, and BAT token plays a central role in the BAT Protocol ecosystem. The value it can capture includes but is not limited to:
Data grid service fee: Data grid nodes need to pay for the storage and transmission of data.
Governance and voting: BAT token holders can create proposals and vote on them.
Token burning: A certain percentage of transaction fees are burned in the form of BAT tokens.
Provide liquidity for data tokenization: Provide liquidity for commercial data tokenization to get BAT rewards.
BAT issuance totals 630 million,
LP5% is released in three years
founding team 5% is released in one year,
community building 5% includes whitelisted 333
2% online airdrop83% is produced by mining
destruction mechanism: deflationary destruction To 210 million. Done
Q3) What Are The Distinguished Advantages of BAT Protocol Compared To other Similar Projects?
- Answer - In a decentralized computing network, how to solve the access reliability of network nodes and how to deal with the sudden increase of large-scale network traffic effectively while taking into account efficiency and cost has always been a difficult problem to solve. The entire blockchain can only store a few terabytes of data, which is why most blockchain projects don’t want to touch storage, because the blockchain is not designed to support storage expansion.In order to solve the problem of reliability and efficiency of decentralized storage network, BAT Protocol Stratos data mesh provide a meta service layer to execute the varies management services include indexing, routing, auditing tasks through Proof-of-Authority , and the meta services will ensure that the number of copies of all files in the P2P network is maintained basic quantity at any time. Multiple replications can greatly improve the reliability of file access, and different networks where different copies are located can provide sufficient redundant network resources, which can solve the overall reliability and efficiency problems effectively. Done
Q4) What do you have planned for the roadmap?
- Answer - At present, BAT Protocol is still in its infancy. As the project evolves, it will surely attract numerous community developers and users, and then the entire Crypto community of developers will gradually perform unimaginable power and unleash great potential.BAT Protocol will develop into an information exchange and transmission infrastructure as important as the Internet in the future, which will greatly reduce the credit cost of the entire society and promote the transformation of the Internet of Information to the Internet of value. And will compete with the major monopoly Cloud vendors, and ultimately obtain half of the market. Done
Q5) What are the types of users on your project? How do you keep all users staying with your project for the long term ?
- Answer - BAT Protocol provides a decentralized big data platform based on BAT tokens. It helps release the deposited data to the market, provides a data purchase channel for scientific research institutions, production companies, etc., and accelerates their own business development. BAT token holders will manage this platform and witness these achievements with their own eyes. BAT Protocol is building a bottom-up technology and adopting a fully operational mobile democracy platform to make key governance-related decisions on BAT. Our technology and blockchain cooperative model may also be very beneficial to vertical fields other than big data. If investors believe in the value proposition of data value democratization, cooperative ownership, high returns, and the robustness of the team and technology, then they should participate.Done
2nd Part - Live Questions and Answers
Q1. Please tell us about the goal you want to achieve on this year?
- The BAT community will roll out new mechanisms for DATA ownership and revenue never before possi- ble, backed by the crypto-native primitives driving the protocol under the hood. As a platform well poised to bridge the gap between crypto and a mainstream audi- ence, Audius will always prioritize simplicity to offer an intuitive user experience grounded in web3.
With BAT token, active participants will dictate protocol changes through an ongoing distribution to new stakeholders. To maintain governance weight, partic- ipants of the protocol must continually contribute in value-added ways, or have their governance power di- luted and replaced by others doing the same.
In doing so, BAT will live forever as a protocol owned and operated entirely by its users, stewarded by community governance.
Q2. Does Bat Protocol conduct any Presale/Tokensale at this moment? If so, What are the requirements for being able to join the Bat Protocol PRESALE/TOKENSALE event, does KYC is a must?
- If so, What are the requirements for being able to join the Bat Protocol PRESALE/TOKENSALE event, does KYC is a must?
We already list on bac here is our contract address :0xd555c120509741032d1993cd227f23668b363469
The bat protocol mining pool is about to start, pledge $bat for mining, and we will also campaign to generate 21 validator nodes
Q3) What Are The Distinguished Advantages of BAT Protocol Compared To other Similar Projects?
- In a decentralized computing network, how to solve the access reliability of network nodes and how to deal with the sudden increase of large-scale network traffic effectively while taking into account efficiency and cost has always been a difficult problem to solve. The entire blockchain can only store a few terabytes of data, which is why most blockchain projects don’t want to touch storage, because the blockchain is not designed to support storage expansion.In order to solve the problem of reliability and efficiency of decentralized storage network,
BAT Protocol Stratos data mesh provide a meta service layer to execute the varies management services include indexing, routing, auditing tasks through
Q4.What are the list plans of BAT token? What will you do in the future so that BAT can list other exchanges and moreover dramatically increase transaction volume?
- We will launch on pancakeswap on 6 June 2021
Our contract address : 0xd555c120509741032d1993cd227f23668b363469
our airdrop will open to community before we launch ,keep eyes on our twitter Thank you :)
Q5.For your influencers and business locations, will countries in Africa be considered?
- i think Influencer marketing is a strategy that identifies people who have a strong influence on BAT hodlers is our target audience. In an influencer marketing strategy, BAT team would love to have partnership with the influencer wherein the influencer agrees to expose their audience to the BAT messaging or content.Done
Sure., we will give priority to you too :)
SABITH
Thank you again @martbatco That’s all for today’s AMA. We are so glad to have you here with us!💡
Please Drop Every Useful link To The BAT Project As Well Infographics So We Can Follow Up On The Project
Mark Co-founder and project manager:
Welcome :) I also like spending a long time with you :) 🙂
Yes if any question join and follow our Platform
https://t.me/BATProtocl
https://twitter.com/BatProtocol
http://batprotocol.finance/#/
Thank you all :) Have a Nice Day ⭐
