Ask Me Anything with CVL Network at ICOSpeaks: AMA Summary
February 5-th CVL Network held an Ask Me Anything session with the ICOSpeaks team at our telegram chat.
1️⃣ Block 1 – self introduction from today’s speaker
Before we go to the first set of questions, could you please do a short self-intro?
👨💻 Eugene | adviser of the CVL project and investors relationship manager| @EugeneFromSP
My name is Eugene and I am an adviser and investors relationship manager in CVL Network project
👨💻 Tymur |Community Support Lead | @tymvesti
2️⃣ Block 2 – project introduction by speakers
My name is Tymur, but you can call me Tim. I’m Community Support Team Lead
Daily user of CVL wallet and web3 enthusiast. Thank you everyone for gathering
First set of questions to introduce the project!
Q: What is the CVL Network and what does it offer to users?
A: The CVL Network is a multi-chain ecosystem that includes CVL Wallet, CVL Exchange, and CVL P2P. It provides users with a one-stop platform to access the Decentralized Finance (DeFi) ecosystem and perform cross-chain migration through its multi-chain, non-custodial crypto wallet and gateway.
Q:How does CVL Wallet support cross-chain migration and access to DeFi ecosystem?
A: CVL Wallet integrates all the most popular decentralized protocols and supports over 14 networks such as Ethereum, Binance Smart Chain, Optimism, Avalanche, etc. It provides users with a one-stop platform to access the DeFi ecosystem, including decentralized exchanges, lending protocols, and blockchain-based games.
Also I would like to share with you the exceptional features of the CVL Wallet that make it stand out from the rest. The CVL Wallet offers a truly innovative solution for buying and managing tokenized assets, such as Shares and Currencies, which are currently exclusive to this wallet. Furthermore, the built-in portfolio tracking mechanism allows you to keep tabs on your investments, providing real-time updates and insights comparable to those offered by Coinmarketcap. To top it off, the CVL Wallet provides a seamless experience by allowing you to pay for fees using CVL Tokens directly from your account, saving you time and effort. These unique advantages, among others, make the CVL Wallet an ideal choice for both seasoned and aspiring crypto investors looking for a comprehensive and user-friendly wallet solution.
Q:What are the planned use cases of the CVL token and how does it integrate into the CVL Network ecosystem?
A: The CVL token is the native utility token of the platform and has various use cases, including ecosystem development through a DAO treasury fund, staking and farming for token holders, governance through token DAO GT, and unique membership rights for token holders. The token is also useful for paying commission on the exchange and P2P platform.
Q: Can you provide a brief overview of the funding and token supply for the CVL Network project?
A: I am pleased to announce that the CVL Network project has achieved substantial success with its private token sales, securing a total of 290,000 USD from two rounds of fundraising.
The CVL Token, which is the native cryptocurrency of the CVL Network, has a robust and finite supply of 7,933,993,600 CVL tokens, ensuring scarcity and stability in the long term. Additionally, the CVL Token is now available for trading with a circulating supply of 200,000,000 tokens, which constitutes a mere 2.52% of the total supply. This is a testament to the strong demand and confidence in the CVL Network project and its potential for growth.
These positive indicators, along with the project’s clear vision and commitment to delivering a world-class decentralized platform, make the CVL Network and its token a valuable investment opportunity.
The CVL Network project has raised 290,000 USD from two rounds of private token sales and has a total supply of 7,933,993,600 CVL. The current circulating supply upon listing is 200,000,000 CVL, which is approximately 2.52% of the total token supply.
For more details always welcome to our Whitepaper, which can be found on our website
3️⃣ Block 3 – question from ICO Speaks team
Questions from ICOSpeaks team!
Q: What is the main feature of phase 5 of the project?
A: The main feature of phase 5 of the project is the launch of a global P2P marketplace and MediaTrade, a marketplace for influencers, as well as integration of analytics into the Telegram bot and listing on at least one exchange from the top 10 in terms of trading volume.
Q: What is the main focus of phase 6 of the project?
A: The main focus of phase 6 of the project is the launch of an automatic arbitrage system, the launching of the launchpad platform, integration of the arbitration system into the Telegram bot, and expansion into new markets and an increase in the global marketing campaign.
Q: What is the main objective of phase 7 of the project?
A: The main objective of phase 7 of the project is to integrate a cross-chain exchange in a wallet, integrate a P2P system into a wallet, provide the ability to pay commissions of any network with a CVL token, and establish partnerships with new global brands and listing on at least three new exchanges from the top 10 in terms of trading volume.
Q: What is the timeline for each phase of the project?
A: We are ready to announce the highly anticipated launch schedule for the upcoming phases of our project.
Mark your calendars as Phase 5 is set to make its debut in the second quarter of 2023, followed by the launch of Phase 6 in the third quarter and the grand finale of Phase 7 in the final quarter of the year. Stay tuned for more exciting updates as we progress towards revolutionizing the industry with our cutting-edge technology and innovative solutions.
4️⃣ Block 4 – Community Voice.
The community asks the questions they are interested in.
Q:What makes the token of the new civilization unique compared to others?
A: We have our own exchange, our own marketplaces, passive income through farming (450% annually for the first 2 months and decreasing every month to 78% annually), a phone app, and the lowest exchange fees.
Q:When will the token be listed?
A: On February 16th.
Q:How many levels of partnership does the project offer?
A: Currently only one level, 5% from personal farming invitations.
Q:What blockchain is used for the token?
A: BNB Smart Chain, BEP20.
Q:Why is the project’s wallet better than MetaMask and Trust Wallet?
A: It has the lowest market fees at 0.01%
Q: Is your project suitable for crypto beginners?
A: Yes, you can follow our group, download the app and. And if you donät understand something the admins or community members in the chat will help you
Q: So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now
A: We are focused on upcoming listings on launchads and CEX in February
Q: According to the project’s roadmap- what are your most important next priorities?
A: Listing on DEX and CEX and integrations
Q: When and where i can buy tokens?
A: Feel free to get the token on our website: cvl.network
Q: Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
A: Yes, sure we will! But listings first
Q: How can we trust your project and we believe you are not a scam project? Are there so many rage-pulling and exit scams happening these days? thank you
A: We have a ready-made product and we are following our roadmap. Also we are open and you can find info about us in social media
Q: Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ?
A: Please write us in the CVL group. We will overview your proposal
Q: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
A: Yes, for sure. Strating with 200 000 CVL tokens
Q:Can I exchange your $CVL network token from anywhere in the world if you have any idea let me know?
A: You will have a chance to exchange it from February 16th after launchpad start and listing
You can now follow our Twitter. Soon Youtube will be launched with tutorials
Q:Do you have any wallet for CVL Network or coming soon?
A: We already have! please download our wallet in IOS or Google Play and you can buy CVL tokens there
ICOSpeaks hosted an AMA Session with the CVL Network Team. That’s all for today.
Thanks to all users who participated.
Thanks, CVL Network for being with us
Thanks, all and see you soon😉
Wanna know more?