Ask Me Anything with Inery at ICOSpeaks: AMA Summary
February 21-th held an Ask Me Anything session at ICOSpeaks telegram chat. From the Inery side there was:
Before we go to the first set of questions, could you please do a short self-intro?
👨💻Vincent Irlweck Chief Marketing Officer (CMO) @cmo_inery
I started working in the German special forces and found my love for crypto 2017 through a tip from an old school friend. So in 2017 I got into crypto Trading and turned freelancer Trader after leaving the military. With these Skills I build a community of Crypto Enthusiast of around 30.000 people. I saw many projects come and go through the ICO Era 2017-18 and when I saw Inery I knew I gotta be involved. So I got onboard as the Chief Marketing Officer
Let’s get started!
Q: Can you briefly describe what is Inery ? We would like to know more about it and how it works.
So Inery is a layer-1 blockchain that addresses solutions for database management. Inery is designed to tackle the current challenges faced by other blockchain networks such as energy inefficiency, poor interoperability between different networks, limited performance and immature governance mechanisms. Our solution is designed to enable cross-chain interoperability to allow data transactions without compromising its security.
Further, we have also designed its architecture to be eco-friendly and environmentally sustainable to achieve high throughput and performance with tps up to 4800. The governance mechanism of a decentralized DAO allows cleaner and quicker resolutions and upgrades to the overall ecosystem.
Q: What are the outstanding features of Inery project compared to other projects?
A:The first one is that our solution is designed to enable cross-chain interoperability to allow data transactions without compromising its security.
Secondly, we have also designed its architecture to be eco-friendly and environmentally sustainable to achieve high throughput and performance with a tps up to 4800
Further, the governance mechanism of a Inery is designed to be a decentralized DAO that allows cleaner and quicker resolutions and upgrades to the overall ecosystem.
Q:Can you introduce your team to our community?
A:We have some incredible team members and advisors onboard. We have our CEO Naveen Singh Suhag, a Switzerland-based entrepreneur with over 15 years of entrepreneurship experience. But before starting his illustrious IT career, Mr. Singh was an Olympic-style wrestler, representing both India and Switzerland at the national level. In the past 15 years, he worked with both startups and large-scale companies and as a blockchain-enthusiast closely observing developments in this field.
We also have our CTO Ivan Vujic who has over 10 years of experience in the IT and blockchain fields. Apart from leading a team to develop several IT projects, he has also served as a business advisor for multiple companies. Our team is quite diverse. We have members who are well-versed in the crypto and blockchain industry which is definitely a huge advantage for us.
Q: How are you looking to achieve your goals?
A: Inery is a layer-1 blockchain solution which supports cross-chain interoperability and parallel processing to enable high performance and scalability for secure development. Its consensus algorithms ensure that higher transaction rates are achieved which can reach up to 4800 per second, with blocks being made every half a second.
$INR is the native utility token of the Inery ecosystem. There will be in total 800 million $INR tokens. Our token’s economic value derives from several purposes including governance, access to the Inery ecosystem, staking and more. We will soon be publishing all the information on our tokenomics distribution on our website.
Q: Can Inery please update some Inery latest news or major events to attract more users?
We are working on a number of different things. We have started our Discord Invite Challenge that rewards users with guaranteed allocation in INR token sale and cashback rewards. We have started to engage in fun ways with our users on Discord. So make sure that you join Inery’s Discord and have fun participating in different competitions. In the future, we are planning to bring many more interesting activities that will cater to a diverse community.
We are also working on the Ambassador program that will help us build an army of Inerians. We want people to be able to connect with us and feel part of what we are doing and where we are going.
Q: What is the development roadmap of the Inery News Feed project at present and in the future?
A:We started with Inery way back in the first quarter of 2020. We have achieved quite a lot of milestones in these two years. On the development front, we have successfully completed several phases including testing core of Inery blockchain API function, value contracts, adding nodes to the ecosystem, testing blockchain deployment on several servers and a lot more.
We have also released two versions of our technical paper, created documentation, branding, and have started community building. Some of our upcoming milestones include mainnet launch, upgrading contracts with all major query types, and our public launch.
You can check out our detailed roadmap on our website: https://bit.ly/icospeak
Q: Can you explain your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?
A:There will be in-total 800 million $INR tokens.
So like I said the token’s economic value is derived from its ability to serve several different functions in the overall ecosystem. These include governance, staking, grants, accessibility, and more.
We have not yet released $INR on any platform. To stay updated with our launch, please follow our social media channels: https://bit.ly/icospeaks
Q:How can we follow Inery’s updates and growth?
A: Sure, here are the official channels of Inery:
You can find all our links under this: https://bit.ly/icospeaks
Q:Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?
A: Yes I will share it with you here. https://inery.gitbook.io/whitepaper/
Q:How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?
A: 31 in total, our developer team is full on crypto development. We have guys on board who worked with Solana. So we are really proud of the Team 🙂
Q: Is this project only for elite investors, how about others with small funds, is it open to everyone?
A: We did everything unconventional. We believe that small investor make a project big, so we are proud to say we have allocated almost 90% of the Pre Sale Phases to small Investors. We really love and appreciate our small investors 😁
Q: Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
A: What makes us different is that we have a fully working Blockchain and already have a 40% finished DB so we go live with a working project which 99% of the Projects dont so
Q: I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ?
A: Follow our telegram to stay updated there. https://t.me/inery_blockchain
ICOSpeaks hosted an AMA Session with the Inery Team. That’s all for today.
Thanks to all users who participated.
Thanks, Inery for being with us
Thanks, all and see you soon😉
Take a look at our other ama sessions