Recap of the Stickers AMA with Blockchain Space
On Thursday, June 10th, we had the pleasure to welcome to our Telegram chat:
Ray Wu, from the Stickers marketing team.
We asked him questions about the development of Stickers.
Q~ Thanks for joining us today Ray. Please start off by introducing yourself to the Blockchain Space community and your role in the team?
A~ Hi everyone, it is an honor to join you guys here today!
My name is Ray, I’m from the Stickers marketing team in Toronto. Our team is spread across Europe and Asia, and our R&D department teams are located in China, Vietnam and Canada.
Q~ Tell us what Stickers is, how it works, and what kind of value the platform adds to the ever expanding NFT and DeFi ecosystem ?
A~ Stickers is an important part of the GeneFinance ecosystem.
GeneFinance is a DeFi cross-chain ecosystem built on the Metaverse Ecological Foundation.
Metaverse, on the other hand, is a public chain that serves the security of digital assets and digital identities.
The public chain contains applications such as cross-chain ecology and DeFi projects.
Stickers is the first NFT ecology layout in GeneFinance, and newer NFT projects will be added to the ecology in the near future.
Stickers aims to use new technology to develop the ecology of art, so that users and artists can better connect and interact through NFT technology.
Stickers introduces a combination of NFT card and DeFi gameplay mechanism, and to distribute NFT artwork through staking.
Some artwork (cards, in this case) has a special DeFi farming acceleration function. Through this special acquisition method of NFT, our users can better participate, so that the art industry ecology has a new paradigm.
Q~ NFT has recently become a hot topic, what makes Stickers unique amidst other competitors ?
A~ Good question!
We can say one of the unique features of Stickers is that it distributes NFT artworks through staking: In order to increase the long-term stability of the project and to focus more on the core value of the community, Stickers adds a concept of “coin age”.
The only way to obtain NFT cards is through spending “Tinders” to “buy” them. The faster you produce Tinders, the faster you can obtain NFT cards.
To earn Tinder, participants need to stake SKS tokens and SKS-ETP in a designated liquidity pool. The number of tokens staked in the pool and the staking time correspond to a certain proportion of Tinder outputs. The more staked, the more output; the longer the staking, the more output.
In addition to the traditional market of artists and art collectors, in the newly constructed art distribution paths of Stickers, users can enjoy the unique DeFi rewards, accelerator cards, and advanced tokenomic models that rely on the Stickers token SKS, and the multi-directional value flow (from artists to issuers to players) and so on.
Q~ Can you share with us detailed information on the $SKS tokenomics and it’s usecases ?
A~ For sure!
The Stickers platform will issue a total of 240,000 Stickers tokens (SKS):
·90,000 SKS will be distributed to partners and co-artists
·60,000 SKS will be distributed to project operations
·10,000 SKS will be linearly released to the project team
·80,000 SKS will be sold in the private placement stage
We can see that in the distribution process of SKS tokens, it is reasonable for each participant in the ecology, and the portion of ecological participant is relatively balanced.
From this perspective, this distribution method is conducive to the stability of the currency price when it is just launched, thereby protecting the interests of investors who enter the market.
Under this general background, the subsequent project ecology can be conducted on a relatively stable premise. It lets artists tokenize their works in a new way, skipping the middlemen who earn high commission, and establish direct contact with supporters and fans.
Q~ How can users earn passive income with Stickers ?
A~ In one word, put aside the steadily growing SKS price, the NFTs that users obtain will have good value that also grows over time.
The main goal of creating this platform, or even this ecology, is to facilitate the users so that they can actively participate in the NFT browsing, collection, and auction via the Stickers platform.
As the audience is getting larger for the NFT auctions specifically for artworks, it would be more helpful for both buyers and sellers via Stickers. There are many other features of the Stickers platform such as Acceleration Cards that holds categories from Normal (N) to Ultra Rare (UR), which is designed for the people who are enthusiasts of card collections, such as Pokémon Cards, which can be sold for thousands of dollars.
Q~ Can you give us an update on what the team at Stickers has accomplished till date and your future plans for Stickers ?
A~ For this question I would like to share great news with you!
The first NFT ‘Iron Mars Doge’ is sold at a price of 258,000 USDT.
This artwork comes from a Stickers artist Wendi, the founder of the ZUI design art studio. In 2013, he obtained the design professional certificate of the Russian Repin Academy of Fine Arts, the Central Academy of Fine Arts of Tsinghua Academy of Fine Arts, and the Beijing Institute of Fashion Technology.
The advent of ‘Iron Mars Doge’ ignited the entire NFT market and aroused strong attention from many Dogecoin communities, as ‘Iron Mars Doge’ has the theme that is clearly related to the ‘Iron Man’ Elon Musk, his Mars project, and Dogecoin that he strongly endorses.
There is more to come! Stay tuned!
QUESTIONS FROM TELEGRAM
Q~ Can you take a deep dive into Accelerator Cards, how can participants can maximize their yield with this Accelerator Cards?
Acceleration cards can be minted with Tinders, and Tinders is what you can earn from staking SKS, you can refer to the pictures I sent to better understand how the cards work, the higher level acceleration cards you use, the faster you can earn more Tinders to forge new/rare cards.
Q~ You mention that Stickers is launching a community rewards program between June 7 - July 4. Regarding this, I would like to know, What is the purpose of this sticker giveaway? How can users participate to have a chance of winning? And how will you distribute the rewards?
A~ The purpose is of course to let new players join the playground! We want to send out incentives and let users know how good our project is and will be.
For more details you can refer to this link below!
Stickers Community Bounty Program June 7th — July 4th
Stickers is an NFT platform powered by the Gene Finance ecosystem and a cross-chain DeFi project. As NFTs becoming an increasingly…
Q~ Where can we market the NFT cards?
A~ At present, more than 500 artworks have been put on Stickers platform, and openNFT.io has been launched for trading those NFTs. As I mentioned before, the ‘Iron Mars Doge’ was sold at a high price in a Crypto Night Gala, we can see even when offline, the artworks are still good to trade.
Q~ STICKERS have a “coin age” concept. Can you explain in more detail about this concept? What are the advantages and what are the disadvantages? How do you solve the problem?
A~ SKS staked in the pools will give users more Tinders every day.
The longer the staked SKS is used for farming, the more Tinders will be produced.
The return on the second day after staking will be 20% more than that on the first day, and the maximum return rate is 100% which will be reached on the sixth day.
If a user stakes 40 SKS, he will get 2.5 Tinders at a rate of 20% on the first day.
Then at a daily growth rate of 20%, the second 40%, until the sixth day 100%.
This means the user can get 5 Tinders on the sixth day.
But please note:
- During this stake farming process, it cannot be unstaked. Once unstaked, the rate will need to be recalculated.
- The reward points obtained by Tinder through staking are used to forge NFT cards (artworks).
Q~ Do you plan for BSC or Your project in future? Do, have plans to add your project in various blockchians, in the future?
A~ We have already planned to launch on BSC this June, however at present, because the Pancake Swap of the BSC chain has been continuously attacked recently, in order to ensure the safety of users’ funds, the BSC chain will be upgraded from time to time.
Therefore, new projects on the BSC have been postponed during the same period. Stickers also postponed its listing of BSC accordingly. But we will for sure launch on BSC shortly!
And yes, since the whole Metaverse/GeneFinace ecology aims to support multi-chain transactions, we will definitely look for chances to launch on more chains.
For more information
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