Host : Please welcome Malay from SolClout

Malay : Hello Host and CryptoIZ Team, Thanks for having us here.

Host : hi, before we start this AMA
would you want to introduce your community?

Malay :Hello everyone, I am Malay, CEO/CTO of SolClout. I have been in the Blockchain space since 2016 and seen it evolve over time. During this period, I have had the chance to lead several blockchain projects and develop some of them myself. I Co-founded a Blockchain development agency and have been experimenting with products in this space since the last few years. I have contributed to over 10+ projects and willing to do more in the future. I am here to present SolClout which is a social IDO platform that I believe will benefit a lot to the IDO space. 

Host : okay let’s go for the first segment

Question 1 : What is SolClout please describe in detail ?

Malay :

SolClout is a social IDO platform. It is envisioning a platform to build a vast and formidable community powdered by Solana, a high throughput, scalable public blockchain project. SolClout will allow for cryptocurrency projects and users to create and boot-strap Clout-driven communities geared towards building fast and sustainable social presences.

In the present IDO space, project owners face a lot of issue while performing IDO allocation. SolClout uses decentralized P2P chat to help project owners filter people based on their understanding of the project. Users get upvotes while posting messages that are informative. The higher the upvotes, higher is the chance of them getting the IDO allocation.

Host :

okay mate, for the IDO i think it will be a lot of transaction.

Question 2 : Why SolClout built on Solana Blockchain ?

Malay : Solana is a lightning-fast protocol layer that fits perfectly with social messaging’s need for quick transmissibility. We had witnessed issues Status.im faced while using Ethereum blockchain and the POA sidechain for their implementation. Scalability is very important for projects like SolClout to succeed so we decided to go with Solana.

Host : yes, i know
now the new project is using solana, the Ethereum ecosystem is huge but with the higher gas fee, i think is not going well for the users and holder

well, the next question

Question 3 :SolClout Social and Starter its great point we highlight can you brief more detail about that ?

Malay :

SolClout Starter
SolClout Starter is a messenger-based IDO platform. It allows for projects to establish official communities. Users with best activity and knowledge about the project could receive an allocation for the initial decentralized offering.

SolClout Social
SolClout Social is a simple blockchain-based social networking feature embedded within the application. Users can enjoy a seamless user experience. Powered by blockchain technology, users are able to also utilize a social networking platform free from censorship.

Host : Question 4 Tell us more about SOLC Token ultility and function for your platform

Malay :SOLC token utility has been crafted with utmost care and will be adding value in Governance, Incentives, Running an IDO and Participation in IDO.

SolClout aims for a decentralized platform managed and owned by the token holders. Vote on protocol improvement proposals to better SolClout. For users contributing to the platform growth, SolClout has an algorithmic method to provide token incentives. Contribute and earn SOLC token.

Also, Projects that want to create community or run IDO has to stake x amount of our token which will be released linearly to the community.

Users who wish to participate in IDO or engagement has to stake x amount of tokens, based on tiers considering their engagement, the allocation will be offered.

Host : okay the last question. Question 5 : When we can buy SOLC ? will you have IDO round

Malay :You can buy SOLC during our public sale. We are planning to have three different offerings for our public sale. Currently we are in midst of private fundraising. More details will be shared soon.

Host : for this information, would you want to forward to our community?

Malay : Sure. We will send it here too. Also, interested people can join our official Telegram and the Announcement channel for instant updates.

Segment 2

Host : we already choose 5 winners, and please answer it one by one

for our community, don’t worry
we still have the last segment, you can prepare the question 😀

Q1. I have read about many environmental projects, which promise to create great recycling and green industries, but in the end they never succeed, now that project promises to carry it out, do you think? Is it very difficult to achieve that goal? how do you know your project will

Malay : There are several projects that overpromise on deliverables as they do not have proper experience in blockchain and crypto. Our team has spent time researching on the feasability of the features that we have promised. The team is well prepared to follow our roadmap although we are not an environmental project.

Host : Q2. As I know a strong community is very important for every project. Do you plan to be a local or global project? What strategy will be used to expand the community?

Malay : We plan to be a global project. We will be having consistent marketing campaigns across different regions and ambassador programs to increase our international exposure.

Host : Q3. A big problem for many Defi projects seems to be that when you start dumping, Will there be an incentive to retain and not just pump and dump?

While we have not launched our liquidity pool rewards at the moment, we will be taking good consideration of various pools and their retentions based on APY and duration. This will help protect from prices dumping when farming, and we will expand our token use cases to make sure that farming is not the exclusive token usage.

Our incentive mechanism has a burn rate of long years. We will not open farms with big APYs, the incentives are provided based on the value and engagement.

Host : Q4. SOLCLOUT future seems bright. It’s refreshing to also see the developments are keeping up with the DeFi trendy. Has the contract been audited externally? If so can you please provide the company or verification link?

Malay : No the contract has not been audited yet. It is still under development and testing phases. Once we get it audited, we will upload the audit report and related details on our website.

Host : Many new projects make a good impression at first, but are suddenly abandoned. How can I be sure that Solclout will be around for the long term ?

Malay : Yes, we’ve planned in a way to cater both B2C and B2B audience. We have a long term goal of becoming a social defi platform with at least 10m users in next couple of years. We’ve designed our token utility and roadmap keeping long term success in mind. We are working on our business model to make sure that SolClout is not totally crypto.

Segment 3

Host : I will open the chat for 1 minute, please prepare your questions guys

mate, please choose 5 best winners and answer their question

Malay : Sure, let me take over it. Thank you for the humungous response

Topind : What is the most important and exciting feature that project have that we don’t know yet?

Malay :

SOLC token utility has been crafted with utmost care and will be adding value in Governance, Incentives, Running an IDO and Participation in IDO.

SolClout aims for a decentralized platform managed and owned by the token holders. Vote on protocol improvement proposals to better SolClout. For users contributing to the platform growth, SolClout has an algorithmic method to provide token incentives. Contribute and earn SOLC token.

Also, Projects that want to create community or run IDO has to stake x amount of our token which will be released linearly to the community.

Users who wish to participate in IDO or engagement has to stake x amount of tokens, based on tiers considering their engagement, the allocation will be offered.

Bridging for token swap is one definite thing that we will be including in our product. We will add liquidity partner from different chains and allow users to swap efficiently within our DApp.

Also, as for governance, we will take it into consideration and set a strict rules which calculates anti spam the most. The real engagement will be valued with our different set on instructions. Details on this will be released and set for the first version soon. After which, we will do a governance vote every quarter to make changes accordingly.

Rebeca Irvine : How relevant is solclout to DeFi? How necessary is it and What role do you use?

Malay :SolClout is a social IDO platform. It is envisioning a platform to build a vast and formidable community powdered by Solana, a high throughput, scalable public blockchain project. SolClout will allow for cryptocurrency projects and users to create and bootstrap Clout-driven communities geared towards building fast and sustainable social presences.

Marcelle Barrett : What things solclout has done for dealing with scalability, security and compatibility issues?

Malay : Solana is a fastly growing blockchain ecosystem with extremely low transaction fees. As we are building our project with a core in social activities, a scalable blockchain with strong ecosystem partners and minimal transaction fees was a prerequisite. This is why we chose to build on Solana. This has enabled us to deal with all three issues

Monir15 : What can we expect to see from your platform in the short-term (at some point in 2021) & 2022?And beyond (long-term goals)?????

Malay : SolClout has a lot of unique features. Listing them below with explaination of each further below:

– Solclout Starter
– Solclout Social
– Solclout Messenger
– Solcout Web3 Community

SolClout Starter
SolClout Starter is a messenger-based IDO platform. Social networking based IDO platform, SolClout Starter allows for projects to establish official communities. Users with best activity could receive an allocation for the initial decentralized offering.

SolClout Social
SolClout Social is a simple blockchain-based social networking feature embedded within the application. Users can enjoy a seamless user experience. Powered by blockchain technology, users are able to also utilize a social networking platform free from censorship.

SolClout’s chat groups (Messenger)
serve as hubs for a project’s marketing framework for Social Growth. Built-in social activities within SolClout’s chat groups allow projects to bootstrap their social growth quickly using a plug-and-play model. Upvote & rank members within groups. Quiz creation features. Incentivized social competitions.

SolClout Web3 Community
This will allow users to simultaneously access other decentralized projects on Solana using a Dapp browser.

Milo Frick : What is the biggest role of blockchain in your project? What value or advantage does solclout have?

Malay :

With blockchain implementation voting is decentralized with blockchain verification. SolClout Messenger is a secure, encrypted, on-chain messenger application built on the Solana blockchain. With on-chain messaging and pseudo-anonymous account
generation, SolClout Messenger application provides the most secure peer-to-peer messaging application.

All users on SolClout create accounts in an anonymous manner. Users are not asked of
personal information prior to creating a contact.

Host : okay mate we have done for 5 winners.

Malay :

Social Media:

 Telegram Community (https://t.me/solclout)

 Twitter (https://twitter.com/solclout)

Website: https://solclout.com/