Recap of the FreeCity AMA with Blockchain Space

On Tuesday, March 22nd, we had the pleasure to welcome to our Telegram chat:

Jack Wu, The CEO of FreeCity.

We asked him questions about the development of FreeCity.

INTRODUCTION

Q~ Thanks for joining us today, could you introduce yourself and the team behind FreeCity to our community firstly ?

A~ Of course, to the blockchain space community, my name is Jack Wu and I’m the CEO of Freecity. I’m an ex-intel engineer, serial entrepreneur and investor.

Our team is quite diversed, with the core team including Sharon, our CMO, who has 8+ years experience in Digital Marketing / BD / Crypto strategy.

And also, Han, our CTO, an Ex Lead Developer of a Public Listed Gaming Company.

The team is well experienced in building platforms and acquiring users from the Web2 and Web3 world.

Q~ Tell us about FreeCity as a project and it’s contributions to the Web3 ecosystem ?

A~ More and more projects are being built on the Web3 ecosystem, yet user acquisition and retention remains a huge problem for them. instead of competing with other projects to obtain Web3 early adopters as their users, we believe that a bridge between Web2 and Web3 is needed to help the projects to better onboard Web2 users to the Web3 world.

The core of marketing has not changed over the transition from Web2 and Web3 regardless, it is all about the users. While projects like YGG & Sandbox are building the best in-game experience, they do not have the necessary tools to identify their most loyal users and build campaigns around them.

But now they can, with FreeCity’s Proof of Interaction, where we help encourage users to support by providing their attention and interaction and get rewarded for it, whether it be their tokens or NFTs.

The NFTs / Badges rewarded to the users are essentially their contribution efforts and can be used by existing projects to identify loyal users.

FreeCity’s name reflects on our outlook, a bridge/portal for Web2 users to enjoy the benefits of SocialFi, GameFi & DeFi in a single platform, to freely explore the world of Web3.

Xiaolin : SocialFi, GameFi & DeFi, thats a lot features incubated in just one platform, Exciting I must say.

Jack Wu : Well, we are trying to build the Largest, Web3 Bridging Infrastructure and User Aggregation Platform.

So yeah, we look forward to integrating with more partners from different spaces.

Q~ Can you give us a rundown on the $FCC tokenomics and it’s usecases ?

A~ With a total supply of 10,000,000,000, the tokens will be distributed as follows.

Airdropped NFT Sale- 1.00%

Early Backer Sale- 15.00%

Growth Backer Sale- 8.00%

Public Sale- 5.00%

Community Reserve- 20.00%

Development & Marketing- 10.00%

Ecosystem Treasury & Liquidity- 25%

Founding Team- 13.00%

Advisors & Event Partners- 3.00%

And also for the utilities, here’s a list of utilities that we are planning to launch in the near future;

1 ) GameFi Token Swap – Built-in DEX for in platform token swaps

2 ) Boosting Power – Unlock VIP access to protocol on-chain & off-chain benefits

3 ) Staking & Liquidity Mining – Provide Liquidity to NFT Marketplace

4 ) Governance – Voting Power for future directions of Free City.

Apart from the functional aspect, our core belief that we have is to provide value to not only the community members, investors and our partners as well, our platform allows a win-win-win situation where a strong and robust ecosystem can be built.

In the long term, our goal is to ultimately transform into a DAO that is sufficiently decentralized.

Q~ What significant achievements has the team made so far ? Any upcoming plans and goals ?

A~ We are set to launch our social audio platform early April, so that’s a good start.

And the team is working on integrating with more partners ( GameFi, DeFi, NFT projects ) and to support different ecosystems, either HECO, ETH, Cosmos etc.

Also, here’s our roadmap for Q2, 2022

  • Launch User-Generated Social Content Platform

Q~ Are you planning to do any fundraises? If yes can you share with us information regarding the Pre-sale, TGE etc… How can we keep up with your updates ?

A~ Yes actually, thank you for asking that, however we can’t announce anything specific, but make sure to follow us on our socials to get the most updated news.

It’d be great if you guys can follow us on

🌐Website: https://www.free-city.io/

🕊Twitter: https://twitter.com/FreeCity_OS

💬Discord: https://discord.com/invite/MjhkdZ6GeP

Facebook: https://www.facebook.com/gaming/FreeCityOfficial

QUESTIONS FROM TELEGRAM

Q~ I saw Free City is the first project to introduce “Proof of Interaction”, can you tell us more about it? How does this Proof of Interaction exactly work? Why did you decided to implement it? What kind of benefits will it provide to the platform other mechanisms can’t?

A~ A user’s loyalty shouldn’t be judged by his/her holdings but how engaged they are, that’s what we believe in #FreeCity

That’s why we decided to launch the concept of Proof Of Interaction

While projects like YGG & Sandbox are building the best in-game experience, they do not have the necessary tools to identify their most loyal users and build campaigns around them.

But now they can, with FreeCity’s Proof of Interaction, where we help encourage users to support by providing their attention and interaction and get rewarded for it, whether it be their tokens or NFTs.

The NFTs / Badges rewarded to the users are essentially their contribution efforts and can be used by existing projects to identify loyal users.

FreeCity’s name reflects on our outlook, a bridge/portal for Web2 users to enjoy the benefits of SocialFi, GameFi & DeFi in a single platform, to freely explore the world of Web3.

Q~ As I could see in the roadmap available on your website, for this 2022 Q2 will execute the launch of the platform of social content generated by the user, this sounds good, but then those users who generate such content will be rewarded in some way in their ecosystem or not?

A~ Yes they will.

Q~ I am an experienced developer and ethical hacker, do you have plans for an Hackathon so as to check the security of your ecosytem periodically and also invite developers to build?

A~ Yes actually, we’re thinking of launching a bug bounty once the product goes live, please do join our discord to get the latest news.

💬Discord: https://discord.com/invite/MjhkdZ6GeP

Q~ What’s your main focus right now, are you focused on the community or market/exchange or the products?

A~ Community of course, that’s our heart and soul, without the community, none would be possible 🙂

Q~ Currently a lot of people are looking at NFTs, Metaverse, and Games. Can you tell me what advantages will you have in this field’s future?

A~ FreeCity is built with the vision of bridging the web2 users to the web3 world in a seamless manner by providing fiat supported features, tools for web2 and web3 marketers to identify, incentivizes and retain their users. Ultimately creating the first web3 / web2 bridge that will bring the ecosystem to the next level.

We felt that users doesnt need to know about whether on Web2 and Web3, our platform is able to help them achieve that.

I felt that people are so focused in Web3 users, they’ve left out the majority ( users who have not adopted Web3 ), given that this is something that would help us to attract more partners.

CONCLUSION

Thank you all for the hospitality and please follow us on our socials.

🌐Website: https://www.free-city.io/

🕊Twitter: https://twitter.com/FreeCity_OS

💬Discord: https://discord.com/invite/MjhkdZ6GeP

Facebook: https://www.facebook.com/gaming/FreeCityOfficial

Where we dont just release news and updates but also campaigns that provide prizes as well.

It’s really nice having the FreeCity project in here!!!

You can check out their Website for more details. You can also follow them on Telegram and Twitter to keep up to date with all things relating to FreeCity.

Join us now! Enjoy quality articles, daily curated news, insightful infographics, and enter a vibrant, fun, and knowledgeable community!

If you want to email us: Blockchainspace001@gmail.com

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