Segment 1
- Could you please introduce yourself first and share with us the background of the PathDao team?
Answer:
I’m Jansen, CEO and Co-Founder of PathDAO. I started in the blockchain space about 2015/2016, where back then, you can still mine Ethereum on your gaming laptop.
Fast forward several years later, i built a career in management consulting at the Boston Consulting Group, started a few tech ventures in proptech, jobtech, and digital marketing. But what was more interesting was in the past 7 months, a few friends and I became more active in the crypto asset management space, where my partner and myself did a 40x on our personal portfolio being in the DeFi and Blockchain gaming space.
Our team today is 9 strong, where we all graduated from Imperial College London. Basically we are a bunch of tech geeks and business entrepreneurs. Our backgrounds are in private equity, banking, and top tech firms.
- Can you share to us what the highlight of PathDao that put it aside from it’s rival?
Answer :
PathDAO is a community-first, decentralised autonomous organisation (DAO) that invests and manages assets in the growing blockchain metaverse (game + social + NFTs). PathDAO focuses on building a play-to-earn community and investing in blockchain-based game assets.
Our long term vision that differentiates us from other gaming DAOs is the vision to bridge GameFi and fintech. We’ve seen firsthand through our scholars how many p2e gamers are underbanked. But with the p2e economy and as a guild, we have data on their income and gaming performance. This can help us bring financial products to them, be it credit microloans, insurance, savings on DeFi protocols. We are currently working with an Indonesian fintech unicorn to bring this vision to fruition.
- Please tell us more about the token $PATH?
Answer :
$PATH is the heart of PathDAO’s operations. Through multiple creative ways of creating value and utility for our token, we ensure that all of our DAO contributors are incentivized to obtain and retain the $PATH tokens. Below describes the current plans on the utilities and value creations behind $PATH:
- Ownership of the DAO, and the DAO treasury:
The goal of PathDAO is to increase it’s treasury value through metaverse assets and play-to-earn yield programs.
As of today, PathDAO is home to 1,000+ scholars across 3 major games – Axie Infinity, Vulcan Forged and League of Kingdoms. This is growing at a rate of 100-200 scholars per week. In this Axie Infinity scholarship example, 70% of the $SLP earned will be retained by the scholars, 15% to scholarship managers and the remaining 15% to PathDAO treasury. Scaling of these gaming cohorts are generating large return on investment for PathDAO Treasury, allowing the DAO to branch further into other games, and yield strategies.
Besides scholarship yield programs, PathDAO is actively helping nascent games kickstart their player base in exchange for participation into early private sale rounds of NFTs and game tokens. This generates further alpha for the DAO. Token holders own 100% of the assets purchased by PathDAO treasury. PathDAO will periodically update the book value of assets purchased to reflect the latest portfolio value of PathDAO.
As $PATH is the DAO governance tokens, as the PathDAO Treasury value grows, so will the value of the tokens.
- Staking rewards
To further distribute PathDAO ownership to our community and long term believers, we have set aside a substantial amount of tokens in rewards for staking.
EtherMage | PathDAO.io, [12/5/2
- Utility in upcoming Fintech ecosystem
PathDAO is developing a platform to bring financial services (e.g. loans, insurances, savings programs) to the underbanked P2E gamer communities.
In a typical environment, these financial products would have commissions built in as a revenue source for the DAO. However, when P2E gamers stake a certain volume of $PATH tokens, they would enjoy these financial services where PathDAO do not take a commission cut.
This promotes an environment where demand for $PATH will increase from our gamer community and from communities from other guilds, who are looking for access to these financial services.
A deeper bedtime reading for you folks can be found here:
https://pathdao.gitbook.io/pathdao/usdpath/usdpath-token-utility 😉
- What are the major milestones PathDao has achieved so far?
Answer :
Since established six weeks ago, we have
(A) Launched an NFT project. OurPath is the first NFT project launched on PathDAO. It is a co-generative NFT that allows the owner to define the final form of the art by inputting a phrase of choosing. Minting is now closed and close to 1,900 of them have been minted.
B) Fundraising. Via seed round investment (led by Defiance Capital and Merit Circle), we have raised ~2M USD for our treasury. To continue the spirit of decentralised ownership, we are now having our fair launch on Copper Launch at
https://copperlaunch.com/auctions/0xd153e1de63b478213b7b62bf47dcc4099608b1ae
5.5Mn USD raised so far, and more to come
C) Game partnerships. We have secured partnerships with 9 blockchain game ecosystems (Illuvium, Vulcan Forged, Playmon, CryptoUnicorns, League of Kingdom, Age of Tanks, Nine Chronicles, Geopoly, Sipher)
D) Advisor panel. We have assembled a strong advisor panel, including Kieran Warwick – co-founder at Illuvium, Kyle Chassé – CEO at PAID network, Ignition, Anderson Sumarli – CEO at Ajaib, fintech unicorn in Indonesia, Prakash Somosundram – CEO at Enjinstarter and Pino Tedesco – CEO at LVT Capital
5. Partnership is an important point, so can you list some big partnership you have now ?
Answer :
- VC Partners, we just concluded our seed round led by Merit Circle and DeFiance. Alongside support from SnapFingersDAO, LvtCapital, Master Ventures, StakezCapital, NewTribeCap and others
Just a note, Defiance Capital is one of the major blockchain VCs
They were behind Merit Circle, and GuildFi too.
- Advisor panel. PathDAO has a strong advisor panel, including Kieran Warwick (co-founder of Illuvium), Kyle Chassé (CEO of PAID network, Ignition), Prakash Somosundram (CEO of Enjinstarter), Anderson Sumarli (CEO of Ajaib, fintech unicorn in Indonesia), Pino Tedesco (CEO of LVT Capital). We believe we have the right mix of expertise to excel in the blockchain-gaming space, cryptocurrency scene and on-the-ground fintech technologies.
Key thing to note here is that Illuvium is one of the most anticipated AAA blockchain game after Axie Infinity. Having him with us, means that we have massive access to the Illuvium ecosystem
- Game partnerships. We have secured partnerships with 9 blockchain game ecosystems (Illuvium, Vulcan Forged, Playmon, CryptoUnicorns, League of Kingdom, Age of Tanks, Nine Chronicles, Geopoly, Sipher)
- Community supporters Punk, BAYC, genesis Cyberkongz, mystic axie owners, we are well connected in the metaverse and NFT space. Most of the deal flow and best investment opportunities are first discovered in these communities. This provides us with early advantage and access to off-market deals.
Yeah that’s the reason why we have a lot of VC fomo around our project. When Defiance comes in, other VCs tend to want a piece as well.
haha yea, it’s meant to help us excel and be a top superguild project in the blockchain gaming and metaverse space!
Segment 2
- @Risky1009 : How Many Scholasrship Does Pathdao Already Have?
Answer :
For those who are not familiar, scholarships are a method of where we buy NFT assets, rent it out to other players who can afford the initial capital, and do a profit share.
For now, we give 70% of the income to players, 15% to managers and trainers and 15% comes back to PathDAO for profits
As of today we have 1000+ scholars, across 3 games. Axie Infinity, Vulcan Forged and League of Kingdoms. We are onboarding close to 100-200 scholars every single week
we aim to have 5,000 scholars at the start of next year/end Dec.
2. @meziapr : How is PathDAO facing the Playtoern era which is developing rapidly now.. What are the future project plans?
And is there a strategy for PathDAO to survive in the future?
Answer :
This Play to Earn ecosystem is still at a very nascent/early phase. Axie infinity for example has 2Mn players across the world. But in Indonesia alone, there are 45 Mn gamers.
Our gameplan is to scale our scholarship program to 20k – 30k by mid next year. This will give us a massive player base.
What we then do is to partner up with games, allowing them to reach a strong player critical mass very quickly. In exchange, we get a private allocation of their tokens or NFT assets.
Here is where the true multiplier and profit for the DAO can come from. Generally prices of items and tokens during presale easily 5-20x on the secondary market. This is how we create value for PathDAO investors
And we have bigger dreams. We dont just stop at being this.
We plan to be a fintech player in the long run too.
We have seen first hand many P2E players are underbank and cannot access financial products.
With PathDAO being the income distributor, we have data points around a user/scholar on how much they earn, when their payouts are, what is their historical gaming performance and hence the future earnings potential as well. These would enable PathDAO to be the on-ramp of financial service adoption for this group of underbanked. Through partnerships with Fintechs and other institutions, PathDAO will be able to bring insurance, micro-loans, investment, money transfer services to the scholars and also to the wider P2E community and guilds.
3. @miako100 : What is the utility of the $PathDAO token in the ecosystem and tell us some benefits of holding this token for long term? And What is your marketing strategy? What is your expectation of the project in the crypto world?
Answer :
the most important thing to note that we are a DAO and all the funds raised/earn goes into the DAO treasury.
$PATH tokens are the tokens that represent your ownership of the DAO. If you own 100% of the tokens, you own 100% of the DAO and the treasury.
What this means is as the team grows the value of the DAO through right investments, scholarship programs, the price of $PATH should correlate.
The reason why you should hold $PATH long term is that beyond DAO treasury ownership,
We are building so many functions and projects around the DAO like game launchpads and fintech ecosystem. $PATH will be used to power these projects, creating massive demand for $PATH
In terms of marketing, due to the backers and the vision that we have, many key crypto influencers have been shouting our projects. People like Carl to the Moon, Bitboy, Pentoshi, Suppoman etc are bringing a lot of hype to our project
4. @Iam_Irawan : Katanya patdhao salah satu yg bisa meminjam kan token ke pengguna tanpa harus modal.
Nah pertanyaan saya
seberapa yakinkah kalau customer mau meminjam token?
Apakah meminjam ini alur kebutuhan pemain yg di fikirkan patdhao di metaverse?
Dan jika meminjam apakah ada bunga atau nanti jika saat meminjam tidak bisa dikembalikan apakah terkena denda atau pinalty?
Answer :
This is an interesting question.
So with regards to the Fintech model, we are still in discussion with fintech players on how best to shape it.
This financial services go beyond borrowing, it covers insurance, savings, asset management too
But on your question, the plan is to offer loans in the local currency with partnership with local banks.
Because we have income data from the play to earn games of our scholars, we are then able to use this income data and game performance to allow banks to give you a loan.
the rules of the loan will be the same, where there will be interest for late payments etc. But what’s important is now, gamers can easily access this products
5 . @Risky1009. Why is IDO done on Copper Launch?
Answer :
Copper Launch is a platform that provide Balancer Liquidity Bootstrapping Pool (BLBP). The BLBP is an innovative method that allows the market to determine a fair price for the token, in this case the Path token.
When it comes to fundraising in the cryptocurrency industry, we’re learning all the time and we’re aware of what can go wrong. We have seen the days when thousands of people fought for a tiny allocation, competing with each other and spending thousands of dollars in gas fees. Then came the rise of launchpads with whitelisting, individual caps and so on.
In contrast, by creating a decentralised community and building a DAO, we know the various backgrounds of our communities.
From the under-privileged who are more than happy to receive a scholarship to the extremely wealthy who seek new investment opportunities, our community is wildly diverse.
This is why we feel there is really only one way to fairly host our public round.
It is actually live now, and you can participate into our DAO here: https://copperlaunch.com/auctions/0xd153e1de63b478213b7b62bf47dcc4099608b1ae
Segment 3
Answer :
Illuvium is one of the first AAA blockchain game that will be coming out on chain.
- @Mrizqirm : Are you guys currently looking at anything really early stage in the P2E or NFT space you really like the look of and can share an inside track on?l
Embersword is another amazing one.
But these two are pretty mature
Some hidden gems are like Sipher, Geopoly, LEague of ancients. these are amazing dev teams and are still quite nascent, means so good multiple potentials.
2. @Lalabayy :
⚠️Why you have to give reward to wallet that purchased $PATH? Is it a marketing plan or is it pure PathDao Gratittude? @EtherMage
And when you start Pathdao function to $Path will be used to this project??? That can created massive demand for $Path? 🚀🚀🚀🚀 @EtherMage
Answer :
Ah you’ve been following us! Awesome.
For context of the wider community here, buying PATH tokens happen on the eth chain, so there are gas fees. Up to 40USD
But what we have seen was many of our community members and scholars could only afford like 100-200 USD participation.
After gas fees, their allocations wont be worth it, hence we decided to double the tokens for people who bought sub 200 usd.
These allow many of our small wallet community holders to be part of the DAO too
Token sale is live!
https://copperlaunch.com/auctions/0xd153e1de63b478213b7b62bf47dcc4099608b1ae
