August 23-rd held an Ask Me Anything session at ICO Speaks telegram chat. From the vEmpire side there was: Dominic Ryder CEO and founder of vEmpire Q: First of all, please briefly introduce yourself?
A: Absolutely so I’m Dominic Ryder CEO and founder of vEmpire. I started my career as a stockbroker and derivatives trader, moving into Wealth Management as an Associate Partner at St James’s Place Wealth management. The last four years before vEmpire I was in venture capital, for my sins 🙏🏻 Q: Could you describe vEmpire and give us an introduction to the project? A: Yes so I was originally attracted to crypto by its rebellious nature. My experience in financial services only highlighted the greed, corruption and general disinterest from institutions in helping the average investor.
I started seeing these same trends creeping into crypto. Problem being this time in Decentralisation there are no laws to protect against monopolies or commoditisation of customers. The same handful of VCs control the whole Metaverse, which is why vEmpire was created to highlight centralisation.
vEmpire facilitated DeFi-esque staking of Metaverse tokens, using MANA, or SAND etc to continuously invade protocols that have been monopolised. We pay a yield in both VEMP & the native token staked. Alongside this we also have play to earn and other gamification features 🔥⚔️
Q:How to obtain NFT’s and participate in the project, how will users get benefits?
A: Yes so our play to earn NFT game already has NFTs available on Opensea. These are all marked with a vE to show they are from the first edition founding soldiers collection https://opensea.io/collection/vempire-the-founding-soldiers
vEmpire’s NFTs boost a players hand in the trading card game, this means that those who hold our NFTs will get an additional advantage and so are likely to be among the top earners from vEmpire’s platform. You can find the rules to the game here and below a diagram illustrating the staking/play to earn strategy https://v-empire.digital/NFT-handbook
20% of all profits from the games are paid to the DDAO and those who have staked their VEMP Q: Why is the project placed on the ETH? What are the competitive advantages of the vEmpire ?
A:Yes so we have had investment from Chris Hu who is head of Polygon Asia. Our Ethereum contracts are currently under audit before we launch on mainnet. As soon as these are approved we will bridge to Polygon and then we start work on BSC application as well. We built on Ethereum first as this is the predominant blockchain used by Metaverse tokens and so in order to quickly facilitate the staking strategies we needed to build on the same network. As the Metaverse moves to other chains, we will be right there moving with it 👌🏻🙌🏻🔥 Q: What applications do you plan to develop in the future within the vEmpire ? A: So we are about to announce something very exciting in the next half an hour on Twitter so I will give you all the head start 😁 We are introducing the first ever Metaverse token triple yield aggregator. Using an AXS token staking strategy we are able to return a yield to users in both VEMP, AXS & SLP 🔥 isn’t it beautiful 🤩 Alongside this whilst building and completing our trading card game and cross chain connectivity, we will also be building in the background a home planet for vEmpire 😁 our own Metaverse Q: What do you think about the current market situation and the role of your project, the meta-universe and with-it the NFT development ? Whats your future vision? A: Yes so we started building this project many many months ago, we are very pleased to have seen both NFT & Metaverse tokens take off since! We are extremely bullish of course that this is set to continue. The brilliant thing about vEmpire is that as we all know, crypto has trends, by not limiting ourselves to one Metaverse, we can be dynamic and follow what is hot and what is on trend.
If a new token launches, we can add it, if another company strays into centralisation. Our army will be ready 🔥⚔️ Q: Are you working on any partnerships or marketing initiatives to help build awareness for your platform? A: Absolutely, we have spent a quarter of a million just in the past week on the following;
Pre sale buttons;
And that’s just banners! As well as that we have lots of PR work going on as well
Q: How has the experience and background of your team been effective in the success of your project so far? A: So as we touched on earlier, my background in venture capital, investments and financial services have allowed me to “filter out the noise” when dealing with VCs and partners.
Alongside this, with a background in investments this gives me and the team a great starting point for when we are selecting the Metaverse assets and parcels we will begin invading ⚔️🔥
You can find me and the team here at https://v-empire.digital/team
It helps that I have close friends in the space who help with advise, Quentin Milne the COO of Stake Capital and Julien Bouteloup who is CEO and I was introduced through Quentin is developer behind CRV and founder of BPT & SDT as well 👍🏻 Our developers have also worked on some brilliant projects 👌🏻
Q: Can you explain what makes your project superior to other projects? And what is the deadly strategy you used in your project to win the competition with other projects? A: So A lot of people don’t believe me when I say this but if you read the whitepaper https://v-empire.digital/whitepaper you will see it is true;
We are by far the most unique and truly original concept, in my opinion, to come out of the crypto market this year. There is not a single protocol or token in existence currently that is doing what we plan to do 🙌🏻
Every launch this year just seems to be;
1) a fork but we do a certain part slightly better
2) animal token
3) A food named swap
4) Daddy, mummy or baby bullshit token 😴
It’s been very very boring! Which is why I wanted to build something truly new, I am super bullish on this idea, as you can tell 😆
I am certain with the right community this can easily be the next billion dollar token 🔥🤩
Q: The goal of the DeFi is to create a new financial system that eliminates subjectivity, bias, and inefficiency by relying on programmable terms. Does your project support this vision and how does it participate in the DEFI space? A: Absolutely. Our project wants to highlight when we feel the old systems habits are creeping back into our Decentralised world 👊🏻
Please do follow me on medium and read the article I wrote here on why it is imperative we begin our fight back now ⚔️ https://firstname.lastname@example.org/preventing-a-metaverse-financial-crisis-by-romulus-3504b69d8526
Q: Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits? A: So our IEO with MEXC Global is this week. MEXC are one of the top 20 largest exchanges in the world with almost a billion flowing through them every day.
Alongside this we are only the fourth ever protocol to be accepted as an incubated project on Unicrypt out of almost 500 previous launches 🚀
You can participate via this link on 31st August at 20:00PM BST https://app.unicrypt.network/amm/uni-v2/ilo/0xF4f759a7Ee12a1DBd9d6d56bd14d5e22ec9348e6
Q: Almost 3/4 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term? A: Yes so utility to any token is vital for success. VEMP is dynamic and exciting. It is the native token of vEmpire and is used to reward stakers, battle winners and the DDAO.
It has multi level staking so all yields can be compounded. For example the MANA you may staked pays you a yield in VEMP, you stake this VEMP into the DDAO which gets you xVEMP and qualifies you to be gifted profits from the DDAO.
For the bravest warriors, they can then stake this xVEMP into xsVEMP which is the battle token. This can be used to fight other token holders and earn even more yield 🤩
This also incentivises users to hold their tokens and not take them off platform to sell. vEmpire rewards loyalty above all, and our newest and oldest supporters will be heavily rewarded at every stage 🥳
Q:Do you have any plans to add Nft’s to your ecosystem as this is the hottest topic in the crypto space? A: Yes so as well as already having our NFTs launched. We have also unveiled a quest which will lead one user to over 8 million VEMP!
If we get to even half the size of MANA that’s over $5,000,000 🤩
See medium article here on how to enter! Every one of our NFTs has unlockable content & holds a clue to the treasure…..
Q:Without an working products any idea has zero value. We see many projects are on paper only and no product. So, kindly ensure us that your project is just not an idea and it’s already has an working products or practical usecases? A: Yes so we have the MANA staking strategy and the DDAO ready to go and it is just going through audits now from both Certik and solidproof 🥳 it is then ready to go!
ICOSpeaks hosted an AMA Session with the vEmpire Team. That’s all for today.