April 12-th held an Ask Me Anything session at ICOSpeaks telegram chat. From the Konstellation side there were:
Before we go to the first set of questions, could you please do a short self-intro?
👨💻 Sang Lee | @Knstl_OG | CEO
I‘m the co-founder of Konstellation Korea, the primary development company for Konstellation Network and am joined here by my amazing co-founder Natasha. We’ve spent over 5 years now building the blockchain industry and are really excited to share our vision and connect with the community here.
👨💻 Natasha Bansgopaul | @Bans_DARC | COO
Glad to be here with the ICO Speaks community! I am Natasha Bans for short, the co-founder at Konstellation and I come from a traditional marketing strategy, innovation, and M&A background working at fortune 50 companies. I also have my MBA and I love the world of fintech because of all of the new innovation and ways we can approach changing a traditional space! We have a lot of work to do but Konstellation is pushing the world forward with our approach to DeFi. Let’s do this!!
Let’s get started!
Q: What is Konstellation and its objectives?
A: Konstellation is a decentralized cross-chain capital markets protocol built on Cosmos. It is aimed to efficiently connect funds and the various components of the asset management industry with investors.
Recently there has been a lot of focus around cross-chain bridging and interoperability which are also key to the future of the web3 economy, but even more than that a user interface for everyone to move, store and safely invest their assets.
Capital markets basically define the global web of all value that pulses around the world today including foreign exchange, commodities, stocks and everything with value. But we have never had the ability to decentralize this infrastructure and Konstellation is building it today.
We don’t have to rely on big institutions or trusted parties to exchange assets or money anymore and Konstellation will make that possible with an interoperable platform that encapsulates all blockchain based assets.
Q: You also have the DARC token under Konstellation. What is the usability of the DARC token?
A: Yes – $DARC! Currently available on Osmosis FYI! The Konstellation network is powered by the DARC token and Konstellation has its own dedicated digital asset interface wallet called the Hubble Wallet. Through Hubble, users can manage their portfolios and stake and earn DARC. So, it is an all-in-one interface to access the DARC token economy.
More about Hubble here: https://wallet.konstellation.tech/passport
Q: What are Konstellation’s ecosystems that help run the DARC economy?
A: The projects in the Konstellation Ecosystem are VegaX Holdings, Taebit, Alkemy, Kambrian, Hold my Ledger, Konstellation Bridge, and Squid Squad OG.
VegaX – One-stop access for new and experienced cryptocurrency investors. VegaX makes crypto portfolio management easy by offering sophisticated crypto indexes and strategies.
Squid Squad OG – Play to earn an NFT game based on Solana. A rock-paper-scissors battle royale tournament will take place and eliminate each other. Players will be given the option to vote whether to continue the game or to cease the games as it currently stands. Depending on the choice of the majority, they will have the opportunity to receive prize money or keep their winning NFT.
VegaX: https://vegaxholdings.com/
Squid Squad OG: https://squidsquadog.com/
Taebit x Alkemy Decentralized exchange using hybrid algorithmic stablecoin utilizing a single pool of collateral to issue currencies in multiple foreign exchange markets.
Kambrian – K-Culture themed NFT marketplace built on Solana for a Global Audience and Enabling direct minting of music, collectibles, art, and more.
Hold my Ledger – a content-creation DAO founded to onboard crypto users from India. It aims to become the entry point for crypto market participants in India, allowing users to learn, create, get paid, and own content. This crypto-native marketing push is essential in establishing global awareness for Konstellation and DARC.
Q: What are the benefits of holding DARC?
A: There are quite a few! First come down to Interoperability – Because we are built on Cosmos SDK we are also IBC enabled and part of that community. This is going to be a key part in the future as value and capital are always platform agnostic in the long run. Even restrictive regulations or different regimes will only be able to use the rules to a certain extent if they are not designed for more efficiency and investor protections in the long run.
Second, — The creation of DIFFERENT Assets —Including NFTs and different financial instruments there is so much innovation in the space. To be truthful, a lot of it will probably not make it in the long run, but the most important thing is that there is creativity in the space to think about how the future of economy and value will be exchanged in a decentralized way. Even how financial assets are created and shared has always been centralized and heavily intermediated.
And third but definitely not the last benefit, because $DARC is making waves! Third is Tokenization of Financial Instruments — The requirements for financial instruments are changing as fast as the blockchain space is moving particularly as DeFi growth is accelerating. Not only will decentralized financial transactions be more efficient, there will also be better returns to be made.
Q: What are the long-term goals and objectives of Konstellation?
A: Konstellation’s objective is to enable the creation of digital assets and the necessary infrastructure to seamlessly store and hold on-chain assets. What we have seen is that blockchain while revolutionary is difficult for most users to interact with let alone invest in. KONSTELLATION will be the one-stop shop to power all on-chain portfolios and the future of the decentralized capital markets!
The community is super critical and we want everyone at ICO SPEAKS to join us on this journey!
Q: What are some of the best features that benefit users on your platform?
A: We have a few core use cases and features that we have available for $DARC and will get into some of the details. Users can hold DARC for staking rewards on the network that is accessible through wallet.konstellation.tech and also on Osmosis for more incentivized rewards by providing liquidity. But you can also use $DARC to purchase highly unique p2e NFTs that we have created. We are launching use cases for stablecoins and DEX that will provide amazing incentives to participants so join the community to learn more!
Q: What is the Konstellation Bridge and Hubble Wallet?
A: Gotta love a Bridge and a Wallet right?! Let’s start with more on the Konstellation Bridge and why we built it. The Konstellation bridge allows DARC holders to swap DARC from multiple blockchains, such as Binance Smart Chain and Konstellation native blockchain (IBC enabled on Cosmos). Bridges to other blockchains such as that of Solana are being developed.
Konstellation Bridge enables DARC holders to move DARC across multiple chains with ease. The DARC SWAP feature will allow users to transfer DARC between Binance Chain and Binance Smart Chain. The Konstellation Bridge connects DARC across Binance Smart Chain and Konstellation network.
Basically, it’s the bridge to allow connectivity of DARC to/from different blockchains 😎
Now for Hubble Wallet — Hubble is a enhanced web wallet for Konstellation network. Hubble offers user friendly interface to interact with Konstellation network for our users. With Hubble, users can enjoy not only the basic functionalities of the wallet but also advanced features like delegation of our native coin DARC to the preferred validators.
Q: Can you give a brief description about Squid Squad OG’s gameplay and rewards system?
A: Everyone should LOVE the Squids!
https://squidsquadog.com/
Its our first DARC ecosystem project based on NFTs and game play! Its the first blockchain based Rock Paper Scissors game + NFT collection, $DARC holders can actively participate in these games.
Right now, Squid Squad OG dropped a new SPECIAL NFT collection in an effort to raise funds for Ukraine charities accepting crypto donations.
Each NFT has a floor price of 0.5 sol and if you purchase an NFT, then you can join the whitelist for Batch 2.
The best part is you can double your impact because Konstellation will match the donation amount!
It’s a trifecta of benefits:
Please consider supporting this initiative for Ukraine via Magic Eden! https://magiceden.io/marketplace/ssogwithukraine
Q: Can you tell us more about Squid Squad OG’s new NFT collection for Ukraine?
A: OH — here are a few easy steps:
1. Own an NFT and show your support for Ukraine
2. Join the WL and compete for $45,600 USDC for Batch 2
3. Double your impact and help Ukraine!
Ah I started to tell you about our special Ukraine collection early!
Squid Squad OG dropped a new NFT collection in an effort to raise funds for Ukraine charities accepting crypto donations. Each NFT has a floor price of 0.5 sol and if you purchase an NFT, then you can join the whitelist for Batch 2. The best part is you can double your impact because Konstellation will match the donation amount!
It’s a trifecta of benefits:
1. Own an NFT and show your support for Ukraine
2. Join the WL and compete for $45,600 USDC for Batch 2
3. Double your impact and help Ukraine!
Q: What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?
A: This is such a big part of our roadmap because we want to have non crypto native come over and benefit from the crypto ecosystem. Such as vegaxholdings and the infrastructure that we are building!
Q:How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
A: Best ways for people to stay connected with the most up to date information, is to join our Telegram channel and follow us on Twitter!
Here are some links and channels to access:
– https://t.me/Konstellation
– https://twitter.com/KNSTL_TECH
– https://konstellation.tech/
Q: How can I buy your tokens right now. Andwhich wallet support your token?
A: We are listed on Osmosis and Raydium right now and you can also find the native wallet at wallet. konstellation.tech. You can also use Cosmostation wallet and the Keplr wallet for access.
Q: Staking programs are mainly for advanced projects. Is there a staking program in your project?
A: Staking is available at wallet.konstellation.tech for $DARC. You can also find liquidity rewards on Osmosis!
Q: Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.
A: We have a few marketing partners that we work with and will continue to partner with the right communities toshare more about $DARC and the Konstellation Ecosystem. We will also begin participating more in conferences and events as the events start to get more in person. Influencers are also an approach we are working through, to make sure we get the right people to help promote the project. In the near future, you’ll see more product development updates AND community AMAs from the Konstellation Team!
ICOSpeaks hosted an AMA Session with the Konstellation Team. That’s all for today.
Thanks to all users who participated.
Thanks, Konstellation for being with us
Thanks, all and see you soon😉
Cheers 🥂
Take a look at our other ama sessions
