May 3-th held an Ask Me Anything session at ICOSpeaks telegram chat. From the Lunachow side, there was
Before we go to the first set of questions, could you please do a short self-intro?
👨💻Sam |Blockchain Technology Strategist | @Sam_LunaChow
My name is Sam and I’m the founder of LunaChow. I have been in Crypto for few years now, although, as a subtle investor earlier on. My experiences spread across several organizations, in which I worked in different capacity within a project management team for some multinational organizations.
It has always been my passion to contribute towards the good of the society and make an impact in the lives of many around the world. I want to say LunaChow has giving us the chance to make a positive impact around the globe and we will continue to do so.
Let’s get started!
Q: Tell us about LunaChow?
A: LunaChow is a community driven decentralized protocol originally launched as an ERC20 token on Ethereum network, which later bridged into 7 blockchains via bridge integration system. Multi-chain features aids accessibility, ease of transaction and creates ecosystem awareness. LunaChow ecosystem is home to two decentralized and deflationary tokens, LUCHOW & MLOKY (Recently launched on Binance Smart Chain with reward system and auto liquidity generating protocol). LunaChow came with one of the most aggressive burn structure in De-Fi history, 99% of LUCHOW total supply was burned right after deployment. We currently have 0.1% of LUCHOW in circulation. We have no team allocation nor private sale. We also did few things differently, every promotion, marketing or listing is a token buyback opportunity, this help drive the upward trend of LUCHOW since launched. With MLOKY, holders can get a 6% BUSD & LUCHOW reward by just holding. Lastly, both tokens on our ecosystem are deflationary, in other words there will be an occasional token buyback and burn to reduce the total circulating supply. LUCHOW is currently trading on over 15 exchanges both of which are CEXs and DEXs. MLOKY was recently launched and currently trading on PancakeSwap, CoinTiger and our own LuchowSwap exchange.
Q: What role does LUCHOW & MLOKY token played in the system?
A: Both tokens are equally essential to our ecosystem, LUCHOW is the first token and MLOKY being the second token. LUCHOW is the governance token for our NFT Marketplace, you can buy/sell/bid with LUCHOW token, both tokens can also serve as a liquidity pair on LuchowSwap (Our Decentralized Exchange) and LUCHOW will be used for our lottery system which will result in fractional weekly burn of tickets proceed. MLOKY serves as a reward token, you can earn passive income ($BUSD & $LUCHOW) invariably by just holding it in your wallet, it is also the reward token for our Farm and Pool system and many more use cases will be deployed.
Q: Can you tell us why should we choose LunaChow? What unique and different system has been created in this project between user and client?
A: LunaChow has many unique features some of which includes – NFT Minting & Marketplace (Live!), LuchowSwap (Live!), Farm & Pool (Live!), Charity for kids (Live!), MLOKY Reward system (Just launched!), LUCHOW is live on CoinPayments as a utility token for business or individual transactions settlements, Lottery System (Beta Phase!), Remittance Platform, Multi-modal wallet and so on. Again, these are just few things to achieve sustainability of LunaChow ecosystem, we have a dynamic team that’s constantly evolving to stay with the trendy project and most importantly what’s beneficial to our community.
Some of the unique differences are, (i) The most aggressive burn structure in De-Fi – It’s much probable for LUCHOW to reach 1 cent or more than a lot of tokens out there with trillions in circulating supply (ii) Deflationary – constant token buyback and burn that reduces the circulating supply further. (iii) Charity for kids – involves a direct donation to challenged & underprivileged kids, not just donate to a charity organization that end up misappropriating the funds. It also helps us to connect with these kids on a personal level and learn about their personal struggles. We planned to ramp up this program and beneficiaries will be choosing across the globe. (iv) LunaChow as the people’s token, we care about humanity and are willing to do all it takes to make the world a better place. (v) You’ll not see team token dump or rug pull with LunaChow, because the team has no token allocation, everyone one of the team members purchased their own proportion of LunaChow tokens (LUCHOW & MLOKY). We did this to promote transparency and accountability.
Q: What are the significant achievements of LunaChow?
A: Since launched we’ve seen over 10,000% gain and ATH gain of over 30,000% on LUCHOW. We have been able to complete or started many projects in our roadmap, some of the milestone completed are, CoinGecko & CoinMarketCap listings, Charity Drive Launch, NFT Minting & Marketplace, Partnership with CoinPayments where LUCHOW can be used as a means of settlement for business and personal transactions, LuchowSwap (DEX), Farm (Yield Farming), Pool (Staking), etc. We also recently launched MLOKY, a reward base token with marketing and charity budget to further create a massive awareness of LunaChow ecosystem and continue the goodwill of giving back to the society by donating 1% of the transaction tax to challenged and underprivileged kids around the world. Recently, we got noticed by one of the top exchanges and currently undergoing listing review with them, we anticipate a massive growth if our token is listed.
Q: How LunaChow planning to build its community?
A: LunaChow token is 100% community driven, and our team understand the importance of great community behind any projects. Our investment in our community would be one of the keys to LunaChow success, the team continuously engages in program and incentives to strengthen our community.
Q: Is your smart contracts audited?
A: Yes, our LUCHOW and MLOKY smart contracts are audited, and we planned to get more audit from the top organization in the space. For example, we are in talk with certik team for additional smart contract auditing.
Q: Almost every investor holds token for the short-term without understanding the long-term value. So, how can you ensure us that holding either of your token for long-term is more beneficial and rewarding and what is your plan to increase the demand and scarcity of the token?
A: Great question, we’ve always emphasized that LunaChow ecosystem is a long-term asset, of course we have people with short-term goals within our community. LunaChow space is becoming a robust ecosystem and our goal is to make this a household name. Currently, you can provide liquidity on LuchowSwap, Farm, Stake, Sell/buy/bid on any NFT asset listed in our marketplace. This is just the beginning, our team planned to bring some conventional industry into blockchain space to fully compound on our massive growth projection.
In addition, both LUCHOW & MLOKY are deflationary, which means there are occasional token buyback and burn. For example, lottery system will have a fractional weekly burn from ticket proceedings. There are incentives for providing liquidity on our platform in which you can turn around and Farm your liquidity pair or Stake your LUCHOW or MLOKY long-term for more reward.
Q: What is the development roadmap of the LunaChow ecosystem at present and in the future?
A: We are currently in phase 3 on our roadmap with few projects in progress in phase 4. Our roadmap is just the beginning, we planned to make LunaChow ecosystem a household name in the future, our team are dynamic and creative in bringing an exciting use case to our ecosystem.
Q: Where can we buy your tokens?
A: Our tokens are available on Decentralized and Centralized exchanges, such as Pancakeswap, LuchowSwap, CoinTiger etc. Kindly check our website (https://lunachow.com) for more information.
Q: Any plan for consistent and continuous marketing?
A: Yes, we have structure in place and currently working with some marketing partners in bringing more awareness to LunaChow ecosystem. We also have digital ads live in Broadway Street, Time Square in New York City. And we will continue to grow our marketing partners to create a niche focused and effective marketing campaign of our ecosystem.
Q: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
A: Yes, we do have YouTube page, kindly join our telegram group to get the links
Q: IS This Your project only for elite investors, how about others with small funds, is it open to everyone?
A: Not at all, LunaChow is for all, and you can be part of the community and participate with small amount of fund.
Q:Revenue is an important aspect for all projects to survive and sustain. So how does your project plan to generate profit and revenue?
A: We have NFT Marketplace, LuchowSwap, MLOKY and many more revenue avenue coming soon.
Q: What are the competitive advantages of your project? What advantages do you have over competitors? What would be your project secure most similar contender in the market today in terms of scalability, security, features, and adaptability?
A: These are numerous kindly check our website, our goal is to surpass Shiba Inu or any token in similar category.
Q: What’s your main focus right now, are you focused on the community or market/Exchange or the products?
A: We are currently focused on development, marketing, and community building.
Q: Do you consider community feedback/requests during the creation process to expand on new ideas for your project? Many projects fail because they do not understand the target audience and customers. So I want to know who is the ideal consumer for your product?
A: Our project is 100% community based, sometimes we do have survey or feedback from the community on some development. This has been our modus operandi.
Q: Currently from where i can buy ? Is it possible that I can get only by holding it?
A: You can buy on Pancakeswap, Luchowswap (https://app.luchowswap.com/swap) and many more listed in our community.
Q: What are the steps to become a part of your community, and start getting revenues? Where do we buy, where do we sign up? This looks like an amazing project!
A: Kindly join our telegram group at https://t.me/LuChow. Many are earning consistently from our platform on a daily basis, You earn BUSD & LUCHOW by holding MLOKY, you can Farm, Stake, sell/buy/trade NFT etc.
Q: My question is about your long term marketing plans. How, or through which big partnerships do you plan on utilising to pass your product onto the normal – especially non-crypto people?
A: We planned to achieve this by bringing conventional industry to blockchain tech. For example, global Remittance system is one of them and we have plan for many more.
Q: What is your strongest advantage that you think will make your team leading the market?
A: LunaChow is people’s token, we care about humanity and our goal is to foster blockchain adoption by many of our future projects. Our charity for underprivileged kids will be second to none once we get it to full scale.
ICOSpeaks hosted an AMA Session with the LunachowTeam. That’s all for today.
Thanks to all users who participated.
Thanks, Lunachowfor being with us
Thanks, all and see you soon😉
Wanna know more?
Take a look at our other ama sessions