STVKE AMA — The Wealth Club
The 19th of November we had the pleasure of hosting an AMA with Joe from Stvke. The whole Wealth Club team had been looking out for this AMA for a while since we all love this project. Thanks Joe for making some time for us, and everyone reading this: Enjoy!
Question time!
Please introduce yourself and the background of the team cryptorelated.
We are an anonymous group of programmers, marketers, and long term crypto veterans. We’ve all been around the crypto-space for several years and are dedicated to bringing forth top shelf products and tools that help those with less experience to achieve their project visions & goals.
How long has this project been around and what did you achieve so far?
The initial private seed round began on August 20th, but the public sale didn’t begin until October 26th and $STV went live on DexTools October 27th.
So far achievement has been an understatment — aside from just delivering on the original roadmap we continue to deliver on community ideas. As new thoughts arise we’ve been adding more and more.
This is the latest update to the roadmap:
Side question; Did you add any ideas from the community to the roadmap?
The addition of the management UI was actually spawned from community requests.
What are the utilities of this token?
The utilities and benefits of holding STV are two-fold:
1. The platform users launching and managing their projects are benefited the more STV they hold. They first must hold at least 1,000 STV to use the platform — but if they hold at least 10,000 STV they get use the entire suite of tools for free and create/deploy an unlimited amount of tokens and pre-sale contracts.
2. The STVKE Network community and investors benefit from providing liquidity to the ecosystem and owning part of the platform. They will be handsomely rewarded from the ever-growing STV Treasury Fund.
Note that those numbers/values are subject to change with a community governance vote — We want the mechanics to be flexible to adapt to a changing market.
How does the treasury fund work?
There is a 0.5% fee on ALL transactions, taken in STV, and added to the ‘Treasury STV Balance’. This balance will be perpetually distributed as rewards to liquidity providers once staking goes live on Nov. 27th.
For more details, see page 6 of the Official Litepaper.
Do I need any coding skills or experience to use the platform to launch my project? I know a lot of people who would love to setup a project but dont have the knowledge to do so.
Absolutely not! No prior programming or solidity experience is required. That is the beauty of the tools we provide — we do all of the complex technical work so that you don’t have to. Launching a project is as easy as filling out a form and clicking a button!
Are there any other projects doing this already? And if so, what makes $stv different?
The only competitors that we know of are the old fashioned and outdated token factories available on the internet by centralized services. To our knowledge, this is the first comprehensive suite of tools of its kind, as well as the first to incorporate a DeFi ecosystem that makes the platform owned and governed by the community.
What are your strategies to ensure mass adoption of the project?
When you have a great project, the product speaks for itself. Community advertising and word of mouth have provided tremendous organic growth thus far and have opened the doors for strategic partnerships with some renowned marketers, influencers, and YouTube channels. We believe that adoption will happen at a staggering rate as more people find out about the platform.
Will there in the future be a complete package to the creation and deployment of contracts. Design a website (UI/UX) for projects and create some form of incentives (staking or some rewards)to investors and users of the stvke ecosystem?
The suite of tools already includes everything from launching a pre-sale to managing your token, with the addition of customizable staking/farming contracts coming next — the ecosystem certainly has room to grow even larger to incorporate future opportunities with the projects that are launched from the platform. That’s a fantastic idea and is certainly something that can be added as a feature and built upon in the future.
What are you busy with right now and is there anything exciting in the pipeline?
Right now we are busy with and excited for staking to begin on Nov. 27th! See the ’Token Factory Tokenomics’ section of the STVKE Network Official Litepaper for more details.
We are also awaiting the launch of the highly anticipated ‘Up Next Crypto’ episode that will be featuring the STVKE Network! Exact release date is TBD but they have been hyping it up in their Telegram channel this week!
What are your plans with $stv for the future? What is the longterm vision of the project?
Future plans (aside from the roadmap) include continued strategic partnerships to grow awareness of the platform, and the idea of incorporating the projects launched and built on STVKE into the DeFi ecosystem. The possibilities are endless — and as the team and community keep imagining, we will keep building & improving!
Any strategic partners in mind that could help ensure mass adoption?
Nothing we can publicly disclose at the moment, but the wheels are spinning. There are big things coming down the pike.
I forgot to mention that we are also working a company who is creating instructional videos on how to use and manage the STVKE platform — we believe these will be important and beneficial to newcomers.
Questions asked by the community in our Telegram channel follows now, if you want to stay up to date on our coming AMA’s and witness those live? Feel free to join our channel and submit your questions live during the AMA’s: https://t.me/TWCinvestments
How does STVKE offer strong incentives for traders/investors to join the network? Why is it a good option to choose STVKE among the hundreds of DeFi coins that currently exist?
What makes STVKE different from the rest is that it will be the launching pad of ideas and projects for people who would not have otherwise had the ability to bring to life due to lack of coding experience. This opens up an entirely new sector of the DeFi market. Instead of just being a great project, other great projects will undoubtedly be built upon it.
Most of the farm coins suffer from high APY and are constantly printing new tokens. For example; I farm STVKE, receive more STVKE and throw away my extra tokens. Most of the farm coins have failed and will fail on Token Metrics only. How do you offset the selling pressure?
That is not the case with STV — it has a max supply of 5m coins. There is a limited supply, the rewards are provided from TX fees.
Are you afraid some day there will be another project with more innovative technology can replace STVKE?
Of course that is always possible in such a rapidly innovating space, however any new project seeking to accomplish what we’re doing will have a lot of catching up to do. We will likely have the “Bitcoin effect”, being the first of its kind.
That was it for this AMA with the STVKE team. Joe, thanks again for your time and all the good luck with your project. We’ll be rooting for you on the sideline!
For more information on STVKE;
Website: stvke.network
Telegram: @stvkeapp
