Recap of AvaXlauncher Community AMA | 16th FEB, 2022
Hello Community Members.
On Thursday, February 16th, we hosted our First Community AMA where we discussed the future roadmap of AvaXlauncher and answered questions of our community.
We hope you didn’t miss it! But in case you did, here’s a little recap of the Live AMA, with our CEO Cuong Pham. The session was hosted by DIABLOV from AvaXlauncher and here’s the telegram link of AMA : https://t.me/Avaxlauncher/133506
Introduction and Community Questions
We were honored to welcome our team, today represented by Cuong Pham, Avaxlauncher CEO.
Hello sir! Can you make a brief introduction?
Cuong Pham: Hello all! Great to catch up with you in this interactive session. Can you first give everyone a brief about the format of the AMA today ? :)
DIABLOV: For sure! Firstly, first, we will go to questions already asked by community members. After this step, we will open the chat for a few minutes and questions will be collected live.
Cuong Pham: Awesome. So first of all, extremely appreciate all our community members support till date. We understand a lot of you have queries which you have sent us via mail/social media..
But to again give me confidence to all of you — we are still building and will now bring more and more projects to our community!
Now to answer the first question, My name is Cuong Pham and I come from Vietnam. I have been a developer all my life building products in the tech space. I have been in the tech industry for more than 7 years and in the blockchain space for 4 years. In the course of my time, I have developed numerous wallets, blockchain applications (dapps) and blockchain tools for different projects and communities.
I have been fascinated by Avalanche ecosystem and that’s how I decided to build a team and a top notch launchpad in the ecosystem that supports the true builders — low mcap projects. 🙂
DIABLOV: We were happy and also fascinated by such an experience.
Thank you so much. Can we start with the questions? 🚀🚀🚀
Cuong Pham: Yes sure!
Q. Why there have been no IDOs on AvaXlauncher in past 2–3 months? What’s the problem you can’t get the project to your launchpad, it’s been a long time?
A. Firing the big questions first!! haha
We have been working on providing something very unique: we are in for long term gain for community. so past few months we have been doing the following -
1. We made AVXL launchpad and dex as whitelabel solutions. So any team can come and launch a new launchpad or dex. This was our way of giving the community building power and so everyone can utilise our tech.
WHY did we do this ? What is there for AVXL community and holders ?
These all launchpads and dex will have one round of raise in AVXL too. There will be tokens which will be airdropped to AVXL holders (stakers and LP providers). 1st project to use this solution and do this airdrop coming soon. We are just waiting for bit better market to announce this.
2. We did partnered with an existing game development company. So going further you will see lot of low cap gems being launched on AVXL: each raise will be very small and thus giving very good upside potential for avxl holders as they will get chance to invest in this projects in ido round.
Q. Thanks a lot for the explanation. Let’s go to the next question:
“When is the next IDO on Avaxlauncher?”
A. VERY SOON. We have 3 projects ready atm: we will announce soon,. all launches will have common feature: Ultra low mcap at launch. 💪
Q. Great 👏👏👏👏👏 “Why did Avaxlauncher closed the perpetual staking program? Will there be any similar staking program announced in near future?”
A. Simplification. Since we announced our tier system, we had to close the perpetual staking program to not make our users utterly confused and make a fair game for everyone to participate in IDOs. But, We will announce soon few more such programs. We take all the suggestions by our communty members very seriously.
Q. “Which next CEX listing can we expect for $AVXL token?”
A. Yes. Good news on this front also — We are working with a tier 1 exchange and potentially will have a listing news soon in the coming weeks. 🤞
Q. Good news! Next question — “Why should we participate in the $AVXL tier system?”
A. To get IDO allocations and airdrop of these new projects!! AVXL tier system has been made keeping in mind the low mcap projects we bring to our audience. It is a highly incentivising program and the current required tokens is only live for limited time before we change the numbers.
Q. Thanks👏👏 “Why Avaxlauncher calls itself as the launchpad on Avalanche if there have been no projects launched yet on the Avalanche network?”
A. No projects on Avalanche ? That is wrong. We are boosting the Avalanche ecosystem and all the projects that have conducted IDO on Avaxlauncher have Avalanche blockchain support.
Q. Next question — “How will Avaxlauncher going to compete with other launchpads?”
A. So I have seen a lot of launchpads and how little ROI they provide to their users. We just have one aim: all our investors should get there money back in 1st trench of tokens. so we will work with this aim only for our launchpad projects.
Q. Thanks for the answer. Let’s go to the next one:
“Will Avaxlauncher be bringing in any good NFT projects for investors to invest in?”
A. Lets wait for next few ido announcements) 😉
Q. Next question — “Are there any staking pools LIVE for $AVXL currently?”
A. YES! Currently you can earn up to 40% APY on our perpetual LP staking pool. You will also be eligible to get IDO allocations in this pool. Apart from this, you can also stake AVXL tokens and upgrade your tier to get IDO allocations and airdrops.
Q. Thanks. Next question — “Will Avaxlauncher be heading towards becoming a multi-chain launchpad?”
A. Well, I can only say that we will keep you updated on this. Community is at core in every decision of ours and you all be the first one to know any such things
Q. let’s go next🚀🚀 “We have been supporting Avaxlauncher since the beginning. Will there be any benefits for the early supporters of the project?”
A. YES! I applaud all our early supporters a lot and value them!! We have seen that majority of our community members from the early staking/lp staking pool have still been with us. The benefit is simple — perpetual staking/lp staking. With this, the time of staking also comes into play hence multiplying the airdrop rewards. We will have more airdrops coming soon.
Q. Powerful news🤩🤩🚀🚀 Let’s go to the last question — “How Avaxlauncher is benefitted by partnering with Lossless ?”
A. Our friends at Lossless have created amazing security solutions. We are very very excited about this partnership. With Lossless security tools, our community and users participating in all the future IDOs on AvaXlauncher launchpad will feel more comfortable. Lossless team has been providing pioneer security solutions and we are excited to join hands and provide a robust solution to the Avalanche community.
DIABLOV: Excellent. Thank you. Great news for our community!
Now, lets move to community questions. The chat will be open for 5 minutes.
Q. Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
A. You will see this VERY VERY SOON. An amazing UI revamp is under works and will be unveiled soon. Such an amazing community! It gives me immense proud to see 1500 + messages.
Q. Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration ?
A. ALWAYS. All the team members (including me) are easily approachable and you can always drop your suggestions/feedback directly to us or in the group chat.
Q. Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?
A. Yes, we are audited :)
Q. Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?
A. Isn’t this question on our official TG handle ? Weird
Q. Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?
A. Yes we do. We have come a long way with all our community’s support
Q. 1 — what updates to the project await us in the future to correct the current situation with the project?
2 — soon / very soon / very very soon — is there any time frame in the dates or at least in the periods of weeks
3 — Will there be an update of the UI design of the site
4 — How much can you answer this question because it is not convenient for you?
A. 1. Updates I already answered in questions above.
2. Yes there is a time frame but sadly the market did not support our developments. Since the market is recovering now, we will now release all the news in our community.
3. YES. Both the website and the Webapp.
4. I answered all :)
Q. Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.
A. Yes. This is next on our plate — the updated UI and partnerships will bring even the non tech savvy users to be able to easily invest on our platform.
Q. What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
A. Long term holding is very important — check our perpetual lp staking pool
Q. IS This Your project only for elite investors, how about others with small funds, is it open to everyone?
A. NO. It is not just for elite investors. Infact with the ultra lo mcap projects, elite investors do not come into play. The projects are for the community.
Q. On your website you don’t mention that you have done any internal or external audit of your smart contract, so can you give us details if you have done any audit before? And in case you haven’t, would you plan to perform any review of your smart contract in the near future?
A. We have mentioned — kindly check our blogs
Q. Where I can get the latest updates or more information about the project?
A. All our social media handles
Guys, this is it for now. I see some repeat questions and will stop here. We will try to make this community event as regular as possible. Let’s close today’s AMA and give ourselves a great round of applause ! :D
Woww. Excellent AMA, above all!
Thank you very much, sir Cuong Pham. We are proud in being part of Avaxlauncher and having you as our CEO.💎
Cuong Pham: Thanks Diablov! You have been great!
Okay and thanks sir.🦾🚀
Stay tuned to our Social Handles, follow us —