AMA RECAP: FreeCity x Coinbay.io
📅: August 23, 2022 | ⏰: 20:30 (UTC+7)
💸 Rewards: $200 for 10 selected questions from the community
🎙: Host: Ms. Anne Mun | 🎙: Speaker: Mr. Rofiq
On August 23, 2022, #Coinbay.io hosted an AMA (Ask-Me-Anything) session with FreeCity in the #Coinbay.io’s official Telegram Community.
For those who missed the session can see the recap of the AMA here below and can read the what questions were answered from the session.
Project Introduction
The world’s first metaverse project, Free City provides the users with an immersive experience that is full of freedom and creativity. This virtual city utilizes NFT and SocialFi to create Web 3.0 based voice rooms so as to facilitate social interactions. Players also get to create their own personalized 3D avatars that are displayed over the social platform of the application and can be viewed by other users all around the globe.
🏡 Venue: https://t.me/CoinBayGuild
Guest:
Rofiq is from Indonesia and he had previously worked for a crypto exchange called Huobi Global for a year and now he’s working for Free City as the Business Development.
The AMA is held in 3 parts:
✅ Part 1: Speaker & guest introduction and answer some basic questions.
✅ Part 2: Pre-selected Questions from the Coinbay.io team.
✅ Part 3: Live 10 questions from the community.
Transcript from the AMA session (English Version)
Part 1: Speaker & Guest introduction and answer some basic questions
A: Hi Rofiq, to start today’s AMA, could you please introduce yourself and the basic information of the Free City project?
R: I’m from indonesia. Previously i work for an Exchange called Huobi Global for a year and right now i’m working for Free City as the Business Development.
FreeCity is an app for social interaction in a virtual city, based on the polygon chain. It will launch with Socialfi and NFTs as core products. The app will have Web3 voice social rooms and 3D virtual character images. The goal is to transform social interactions from crowd-based to Web 3, token-based city.
FreeCity is a social network and revenue-generating platform that uses blockchain technology to operate the entire city’s assets and economic system. Users can “Chat2Earn” rewards by interacting with other users in the city. The platform represents the real market value by having a goal to become a better self in the virtual world.
Part 2: Pre-selected Questions from Coinbay team
Q1: Currently, Free City has expanded to how many countries? Also, can you share more information about the mechanics and features of Free City that can help the community earn more money?
R: Right now, majority of our fan base is from SEA, so Vietnam, Philippines and Indonesia. But we will keep expanding to other countries too.
In FreeCity, there are numerous ways to make money. Let me explain in more detail:
1. The Chat-To-Earn concept. The goal of FreeCity is to treat its users fairly. The platform will produce governance tokens for players who exhibit the most social behavior, which can be used for governance and influencing the entire city. The chat2earn concept is accomplished, and players are provided with NFT in the form of a microphone. In urban plots, tokens can be created through numerous voice room talks, and they can then be utilized in games or exchanged for money. The player’s ability to gain more and their standing in the FreeCity will increase as their NFTs grow in number.
2. Participants can own their own land plots, create their own structures and social spaces on top of those plots, and then rent out their properties just like in the real world.
3. We will also have our own token, and you can make money from that too
Q2: How many NFTs are there in the Free City project? And how can we earn or use it? When we want to upgrade, how can we do it?
R: 1. We have few types of NFTs. The first NFT that we launched was called Violent Squirrel. It was launched last month on Magiceden.io. On Q4 We will launch microphone NFT. We will also have land NFT at later date
2. Players can make initial purchases through the official website and cooperative NFT exchanges, as well as secondary market purchases.
3. Specific upgrade guidelines can be found in the white paper and our deck. But basically using our token FCR (Revenue token) and FCC (governance token) allows players to level up the microphone NFT and produce additional FCR.
A: I saw that FreeCity had FCR and FCC tokens. Anybody can use FCC to level up microphone NFT and produce additional FCR :D…These two tokens complement each other.
R: FCC is also the governance token, so the holder could decide the future of the project
Q3: So, what is the upcoming goal of Free City? And when can we join the beta? Because when I checked on the road map, I saw in Q3 that there would be a beta, right?
R: The goal of FreeCity is to develop into a metaverse environment with endless reverie, not only a place for playing games or interacting with people. To achieve this, we will continue to enhance the development of DeFi and NFT infrastructure and eventually create a closed-loop full-ecological product that includes NFT, Defi, and metaverse activities including gaming, NFT, DEX, and DAO governance. Everyone is welcome to take part in and enjoy every facet of the metaverse environment.
If you have looked at the roadmap about the Beta, you are correct. The Beta will begin on September 1st, with the Apple Store and Google Play listing following on September 18th.
A: Wow, I look forward to the Beta and I will join ❤️ I believe the FreeCity will have a lot of appeals because this is the model I find very novel in being able to Chat2Earn
R: yes all of you should give it a try!
A: Yes, let’s try :D… and the last question 😄
Q4: And the last question, what is the long-term benefit of the community accompanying Free City? Besides, can Free City share upcoming events with the Coinbay community?
R: FreeCity learned its experience and avoided GameFi 1.0’s short-term capital business mode. By building a metaverse application ecology with new features, a reasonable and efficient benign economic model will foster the long-term development of the complete metaverse ecology, boost user stickiness, and emphasis on enjoyment. To meet the dual goals of monetary gain and spiritual fulfilment, the system offers users a high-end experience that enables them to enjoy and feel satisfied while engaging.
For the upcoming updates, there’ll be more to come, BIG ones! So, you must stay up to date on all our activities, and subscribe to us: https://linktr.ee/freecityofficial
A: Subscribe to the Free City: https://linktr.ee/freecityofficial
A: And the event in Bali next week: https://www.eventbrite.com/e/free-city-free-your-life-tickets-398755015987 . Feel free to join!
A: Feel free to join and let’s enjoy with the Free City ❤️
A: Thank you very much, Rofiq, for sharing about Free City with the Coinbay community. Right now, please choose one of the members and answer live them by reply the question.
R: can you help me choose?
A: Please, this is Coinbay’s community, I can’t do it :((…
A: Now, please open group chat and we have 3 mins to fill in questions. Thank you!
Part 3: 10 Live Questions from #Coinbay.io Community:
Spiel:
R: Thank you very much for all the questions!!! soo many of them. i’ll choose some to answer!
A: We have ten selected questions. Are you ready? Please choose, Rofiq.
A: Ah, please wait @MVRofiq
A: I have new ideas
A: Can we choose 5 questions from group chat and 5 questions from voice chat?
R: Okay
A: Thank you so much ❤️
R: I’ll just answer
A: Now, please choose and reply question if you want answer.
Q1: @putman96: When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future?
R: We’re aiming to launch our token Q4 2022. Hopefully we could launch it as soon as possible. for the Exchange we will inform you guys later on, but of course we will aim big!
Q2: @Mafaldabolin: Is your platform a global or is there any restriction to certain regions?
R: Our platform is global, so no restriction. everyone could join!
Q3: @lurlinefenner75: How do you plan to promote your project in different countries, wherein English is not spoken well? Do you have a local communities for them to better understand your project?
R: There are many ways for us to promote:
1. Collaboration with other crypto projects
2. Working with youtubers / KOL
3. Working together with various crypto communities, like coinbay.
Yes, we have local communities. you can visit our discord to learn more
Q4: @boucher_1999: Southeast Asia is a very vibrant market and many project developed here so what do you think about Southeast Asia and do you have any plan to develop here?
R: Yes, most of our fan base are in south east asia. Me and our CMO are also based in ASEAN. Actually we just had an offiline event in VIetnam few weeks ago…
So we will keep expanding our presence in ASEAN, but we will also expand to other market as well
Q5: @dixon_1998: Do you consider community feedback/requests during the creation process to expand on new ideas for your project? Many projects fail because they do not understand the target audience and customers. So I want to know who is the ideal consumer for your product?
R: Yes of course, we believe that community feedback is very important. Our project is community based and with our governance token, FCC, the community can even decide the future of this project!
Q6: @maiatapia37: What is the Best way to follow All your Upcoming news and updates? What are your plans in coming Future?
R: Follow us for more: https://linktr.ee/freecityofficial
Q7: @TienDung37: Do you have any audit report and how safe is your smart contract from bugs?
R: Thank you for your questions! We’re currently in the process of doing the audit. We will keep all of you updated for the result of the audits.
But of course we will always strive to achieve safety for our users!
Q8: @vthanhtm29: Why does Free City choose the Chat to earn model ?, What about other revenue model ?, What exactly how the chat to earn model works ?
R: There are many Something 2 Earn model, walk 2 earn, move 2 earn, etc. We choose chat 2 earn because we believe that current system is no satisfying and we would like to provide more avenue for the users to generate money from this scheme.
Similar concept with walk 2 earn, where you the more you walk, the more you earn, with chat 2 earn, you chat more, and you earn more.
So basically the microphone nft holder could use the microphone to chat, sing etc in the room. And you could generate FCR token from that.
Q9: @anhtai102006: What are the conditions to be able to participate in the beta of the project, and are there any upcoming events and airdrops?
R: We have not yet announced the requirements to join the beta version. But we would like to have as many People participate in the beta version.
Please follow our social media to see our future events.
Q10: @samsam1715: Can you give us an overview of Tokenomics, and the utility of token?
R: You can check it out from here
CONCLUSION
Spiel:
A: Thank you very much, Rofiq, for participating in AMA today; I hope shortly, the Free City will have significant development and wish Free City more and more open and known in the community of gaming as well as the crypto community. Thank you very much, Rofiq, and have a sweet night.
A: I hope the community has a sweet dream. See you soon at the events of the Free City project.
R: Cảm ơn! Don’t forget to follow our socials on https://linktr.ee/freecityofficial
Giveaway Section
FreeCity prepared a total reward pool of $200 for those who asked the best 10 questions from the AMA session.
AMA Information
Total number of participants : More than 19,562 members participated in this AMA
Total Speakers in AMA : Coinbay representative Anne Mun — Rofiq (FreeCity’s BD)
About Coinbay.io
Coinbay.io is a blockchain and crypto news platform that aims to keep its audience well-informed of all the latest updates within the field of blockchain and crypto. Furthermore, Coinbay does have itself a guild, which is filled with friendly active members who are willing to help each other, and social channels that are dedicated to keeping people updated on a daily basis in the fastest way.
What’s New❓
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Join other FreeCitizens who have subscribed to our community:
· Join our Discord channel to find out more about what we are up to!
· Follow our Twitter for spicy leaks and memes!
· Get updated on new community contests on our Telegram!
We are excited to share this journey with you!
