📣 BCT Blockchain Community 🇻🇳 AMA with TKNT Foundation

📣 BCT Blockchain Community 🇻🇳 We are delighted to be holding a special AMA with TKNT Foundation
On October 14, 2020 at 14:00 (GMT + 7)

First step: Introduction

Saigon Silver12k: Hello guys. Today , Mr. Benjamin Woo as a CEO of TKNT will directly answer questions from members of the community BCT blockchain Group and sharing information plan, upcoming TKNT targets.

TKNT_Ben: Hello :) Nice to see you all.

I’m 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.

Saigon Silver12k: wow, another potential Defi project was born. 🥰
So in order not to lose any more time, we will get into the section 1. The 5 best questions have been selected by us.
Are you ready ?

TKNT_Ben: Sure. Ready!

Saigon Silver12k: Okay!!
First question: 1. What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally? What are the services you offer to the community?
User question: @chimthom9

TKNT_Ben: Thanks for the question.
We definitely agree the power of community will lead our project globally. 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. We are currently operating Bangladesh, Indonesian, Vietnam(expanding soon) and global community of TKNT, with each professional operators managing each group of community and investors. Regarding the events for the community, we have held quite a big event with BKEX, 50,000USDT worth of event. In Korea, there is another big event for Korean users. By doing those event, we will communicate with our holders and payback as much as possible to be one of the successful project.

Saigon Silver12k: That’s a huge expense on marketing costs and I appreciate it very much. It is definitely a smart strategy 😎 😎.
So next is question 2!!
2. What’s the main Mission of TKNT Project? As a normal user & Investor What benefits can be provided by TKNT to me & What are the Competitive advantages of your Project?
User question: @chanlizo

TKNT_Ben: 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.
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.

Saigon Silver12k: Thanks for the very detailed answer and we have better understood our TKNT sir ^^

TKNT_Ben: I’m glad it helped your understanding

Saigon Silver12k: That’s very nicee. We will continue to question 3, Ben ^^

3. Can you tell us how TKNT distributes tokens? Does TKNT plan to increase the value for $TKNT such as increasing/decreasing supply, burning tokens …?
User question: @wsdn69

TKNT_Ben: 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.

Saigon Silver12k: It seems that TKNT is the project that has a lot of good strategies to push the price of tokens and they seem to be focusing solely on that. is that right Ben?

TKNT_Ben: Yes. stay tuned for more tech updates :)

Saigon Silver12k: So next question.
4. What is the role of TKNT tokens in the network? Does the payment need to pay for TKNT? Do I need to pay for TKNT to send a message? In other words, what is the TKNT token appreciation logic?
User question: @prabhumurthy

TKNT_Ben: Again, as stated above, 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.

Saigon Silver12k: TKNT has a lot of room to grow and I see their bright future. 😉 Trust me guys

So this is the last question for you Ben!!

5. What are the major obstacles that you have faced on executing your roadmap and how do you plan to execute your continuing roadmap for this year?
User question: @ankuskk

TKNT_Ben: One of the major obstacles of the roadmap was the launch of the instant staking service of TKNT. As the foundation grows more investors are anticipating for the DeFi serivce to launch which also leads to the price increase of token. Our tech team is working day and night to keep up the rapid extension of the project led by the fast growth of attention of TKNT Foundation.
We have only 3 more months for 2020. But I can promise that we can accomplish many many things during 3 months time. Our tech team is developing our platform nice and neat every day and night to make our users can use from end of this month. TKNT listed in Foblgate and acheived very good result. In addition, it was listed in BKEX exchange, a global top 10 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.

Saigon Silver12k: Thank you for the detailed answer Ben. So we’ve finished part 1.Are you ready for part 2?

TKNT_Ben: Sure. Let’s do it!

Saigon Silver12k: There are a lot of questions waiting for you Ben ^^

TKNT_Ben: LOL. let’s do it!!

Saigon Silver12k: Okay. I will countdown from 5

5
4
3
2
1
….
More than 1000 questions

TKNT_Ben: LOL so many questions

Question 1: In TKNT the more we play, the more we mine. what ia the minimal amount of time we need to play to start earning? Do the amount of tokens earned by periods of time increase when we have more time playing?

TKNT_Ben: 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.

There is no minimal amount ot time or amount of cryptos needed for betting. Win or loseing your bets, you will mine your TKNT.

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 2: What are the advantages for investors of saving $TKNT ? Does $TKNT have any unique features that attract investors?

TKNT_Ben: # 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.

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.

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 regions.

Question 3: Do you have a plan to listing TKNT in a major exchanges? Is there a big factor in the development of a TKNT by listing their token on an exchange?

TKNT_Ben: We listed TKNT in BKEX because it is one of the top tier exchanges globally, usually ranking the top 10 exchanges in Coinmarketcap.com in trading volume. We chose BKEX exchange because we determined BKEX exchange can reveal TKNT Foundation to another level, attracting more global investors where they have a massive investor pool to more than 30,000+ active users.

In the near future, we do have plans to list TKNT in other exchanges, few of them is Binance and OKEX. We will notifiy the related news in our official channel in Telegram once the dates are finalized

Question 4: How the Affiliate program works? Can you explain to us How the Star system contribute to this?

TKNT_Ben: Our aliance, TKN.COM is operating an affiliate system as follows:

Directly invited users (1st degree): 20% of house edge
Indirectly invited users (2nd degree): 10% of house edge
Indirectly invited users (3rd degree): 5% of house edge

You will get profit for every user that register and play on TKN through your link! Our Referral System is a commission dividend policy. You can monetize referrals up to 3 degrees.

Now check out our STAR SYSTEM: Referral Incentive System
*Star system is an Incentive System of the current affiliate system.
Benefits of each star system are as follows:

1 STAR
Additional 5% +
1st degree 20% of house edge
2nd degree 12% of house edge
3rd degree 8% of house edge

2 STAR
Additional 10% +
1st degree 20% of house edge
2nd degree 15% of house edge
3rd degree 10% of house edge

3 STAR
Additional 15%
1st degree 25% of house edge
2nd degree 15% of house edge
3rd degree 10%) of house edge

4 STAR
2% of all 1% of all betting amount under the company / 4Star personnel
CONDITIONS FOR EACH STARS are as follows:

1 STAR
Bet more than 5,000 times a month (total bet at least 20,000USDT)+(Referrers)Bet more than 150,000 times a month (total bet at least 500,000USDT)
2 STAR
Bet more than 5,000 times per month (total bet at least 50,000USDT)+(Referrers)Betting more than 300,000 times a month (total bet at least 1M USDT)
3 STAR
Bet more than 10,000 times per month (total bet at least 100,000USDT)+(Referrers)Betting more than 600,000 times per month (total bet at least 3M USDT)
4 STAR
Bet more than 30,000 times per month (total bet at least 200,000USDT)+(Referrers)Bet more than 2M times a month (total bet at least 10M USDT)

Question 5: For the next few months you have planned that the marketing team will secure strong users in Asian markets including China and Korea. Besides the Asian market, what other market would you like TKNT to reach?

TKNT_Ben: Currently, Europe, US, and Mexico. We are welcomed for more allianced from more countries as well.

Saigon Silver12k: Is it done Ben ? 😊

TKNT_Ben: done!

Saigon Silver12k: Okay so Part 2 was done. so before we officially end this session. Do you have something to share into the community?

TKNT_Ben: Thank you all for your wonderful time. TKNT will continue to grow to the next level. Please look forward to our progress in BKEX and Foblgate. Stay with us in our wonderful journey. We will soon come back with staking services along with officially laucnhing DeFi services in the near future. Stay tuned!

Official Website — https://www.tknt.io/
Medium — https://medium.com/@tknt
Twitter — https://twitter.com/tkntfoundation

Thank you:)
📣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

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