Segment 1: Questions from Cryptoiz
- Hi Mooncow! Can you please tell us about yourself and what’s your role in Moonpot?
Hi there, I have been with the Moonpot project from the very beginning when we launched our IDO at $1 last Summer. Before that I was leading Growth and partnerships at Beefy Finance
- We have heard about Moonpot everywhere, even one of my friends got your whitelist back then, but can you please tell us again briefly about what Moonpot is?
Yes, we are very popular in Indonesia. Many people managed to get into our IDO and the SafePal WHO where we gave away $1 million dollars of POTS tokens.
Moonpot is a win-win savings game that lets you deposit your crypto, earn interest and have the chance to win big prizes every week. We have more than 30,000 Cadets using our platform and so far have given away prizes worth $2.3 million dollars. Our biggest prize pool is our Cake Moonpot where you can earn 70% APY for depositing your CAKE, and the next CAKE prize draw on Monday is worth $25,000.
- Why did you launch on BSC, and will you go multichain?
We launched on BSC because it is the most popular chain in DeFi with the most users and most transactions. It also let us become a Binance MVB finalist in MVB 3. However we are a part of Beefy and our goal has always been to be mulitichain. Beefy is on twelve chains and we expect to move Moonpot onto at least one more chain this quarter. Beefy’s biggest TVL is now on Fantom and thats where we will go next with Moonpot, there are excellent APYs for stablecoins there and we’re looking forward to having a Stablecoins Moonpot on Fantom as soon as Chainlinks VRF is ready.
- What prizes can be won on Moonpot
As I mentioned there are weekly prizes on Moonpot, and these come in various crypto. You can win CAKE, Pots, BIFI, stable coins and BNB. We recently introduced NFT Pots and one of the things you can win are the Ziggyverse NFTs which have a floor price of 1.5 BNB. We also just announced a partnership with Binopoly which is our first metaverse partner and you can win building materials for their game every week as well.
- Is it really free to play?
Yes, Moonpot is free to play. You can withdraw your deposit whether you win or not. Its not like a lottery where you have to buy tickets, its more like DeFi with the chance to win.
- You recently launched NFTs, can you tell us more about them.
Yes we are really happy with our Ziggyverse NFTs and how popular they have been. There are six rare Tiles to collect, that range from Gold, to Jade and Moonstone. We are in the top 5 NFTs by trading volume on Treasureland and the only way to acquire these NFTs is through the contests on Moonpot.
- Followed by, will you be make a GameFi platform
Yes, these NFTs lead directly into our planned GameFi platform, Ziggyverse. You will be able to wield those Tiles to create creatures for farming and battling in our Play to Earn game that we’re currently in the design phase for. We hope to have the GameFi platform live later this year.
- What other things are on the Roadmap for Moonpot?
Apart from Ziggyverse we have a couple of big plans for this year. One is a Launchpad platform that will let our users get access to new crypto projects. We’ll introduce our game mechanics to the Launchpad too, so it will be pretty unique. Anyone joining the IDOs will have the chance to be a lucky winner and get a big prize from the IDO tokens as well.
Other than that our devs are working on the tech to support our Social Pots. Social Pots will be a marketing tool that many crypto projects will want to use. Projects will be able to track social behaviour and on chain behaviour for each Social Contest which means they will be able to run social contests that aren’t over run by bots. This will bring additional revenue and buybacks for POTS stakers with every contest.
Segment 2: Questions from Twitter community
1. How do I play Moonpot?
Its very simple to play Moonpot. Just visit play.moonpot.com and choose which crypto you want to deposit. You will earn interest on your crypto, and you will be automatically entered into the prize draws. After every draw you can keep your staked crypto or withdraw it. Its really win-win.
2. All your pots show “odds per $1,000 deposit”. Does this mean I need to deposit $1,000 worth of tokens to be in with a chance of winning?
No, there is no minimum deposit to playing our Moonpot games. We let you know the odds per $1000 on each game just so that it is easier for you to compare your chances of winning from each Pot.
3. Chainlink VRF is necessary for Moonpot but it is for the moment a big obstacle for a multichain deployment (only available on BSC, Polygon and ETH). Do you plan to use alternative to expand Moonpot (like Oraichain VRF on AVAX)?
We are looking at alternatives to Chainlink VRF, even some that already might work for Fantom. However we want to ensure that the technology we choose is extremely safe and fair. We’re also choosing Fantom because Beefy has an excellent reputation there and a great relationship with the Fantom Foundation. This means we will get lots of support both in user numbers and potential funding by going to Fantom.
4. What is the future roadmap of Moonpot. To attract new users do the Moonpot have plan to go multi-chain ?
I discussed this a bit before, but I do believe that multichain will be one of the keys to our next phase of growth. Beefy has around $200M TVL when we started going multichain, and its now well over $1B. We would hope for the same sort of growth once the technology is ready. However we also see Launchpads, Ziggyverse and Social Pots as potentially huge growth levers.
5. Can you littlebit explain how to play mechanism upcoming gamefi, does all players can play, or we should have nfts to play with?
We will make the barrier to entry as accessible as possible for our upcoming gamefi platform. Although people are working hard to collect the most rare items at the moment, we will have common items to collect that will be a lot less expensive.
We also have good relations with potential gaming guilds that will let people from any background join the game. We will discuss whether we should have a free to play element too, because we have seen really good results from a platform like Thetan arena that combines free to play and play to earn into one platform, and our goal is to get as many users as possible joining the ziggyverse.
Segment 3: Questions from YouTube live session
- Why is the team hiding their identities? We don’t know who Mooncow is. Don’t you think that the disclosure of personalities and reveal the developers team would make the project more attractive to the investor?
There is a few reasons why teams in the DeFi space are not public: I would say the personal safety is probably the first one. We are looking of more than 1 billion dollars on chain value and that having a publicly available identities keep compromise the safety of ourselves and the safety of the uses asset because we are the one who protect the asset and you can see that this is not limiting for many of the most successful project. Pancake Swap team, of course, they are completely anonymous. And the second thing is you know we are not here to sell ourselves, we are here to sell Moonpot platform. So we speak with our code and we speak with what we are developing and not by smiling on linked in or some youtube show.
2. Crypto Industry is a face-paced industry, how flexible ur project to change quickly and keep pace with technology trends? What is your long term vision for the forecasting industry in which your project operates?
We definitely agreed that the crypto industry moves very fast and it is very important to have team of intern and not sort of outsourcing the technology in this way and this gives us the flexibility you know since we have launched and introduces our own NFTs, we started development of GameFi platform, and this big trends that gonna be DeFi I think and what we’ve done so far is attract the userbase of 30 thousand DeFi users but I would say that the GameFi is perhaps even bigger and I think you know the way that the crypto industry is going is definitely GameFi and sort of attention of economy you know, if you can create an experience that is interesting and profitable at the same time then I whink you will attract a lot of users.
3. Why you name it Moonpot and tell me the story behind the name
Moonpot is kind of a play on word so of course everybody on Crypto want to go to the moon with their holdings and so we have this kind of ambition and then secondly Pot comes from the world Jackpot in English so this is the word for when you won a lottery in English so we put these two words together and then about a year ago we got the dotcom on domain so yeah that is where it comes from.
4. I’ve been a $POTS holder since the beginning. How do you have a strategy to raise the price of $POTS? Are you focus on the game or you have other plans?
First of all thank you for holding $POTS since the very beginning and you know that $POTS price is important to the platform because we are able to use the $POTS to one reward of users who staking $POTS and the more valueable the $POTS is the better return they are getting on their holdings and we also use the $POTS to reward people playing in the game, in the CAKE game, in the BNB game, and we are adding addition rewards on $POTS token. So the price of $POTS token is impotant to us and do we intend to raise that we will keep doing the plans that I mentioned on earlier questions. Multichain means we can have Moonpot lower fees, high return on popular assets like stablecoins, and have 2620 % APY stablecoin and we have such a big community for Beefy on Phantom that we believe this will bring n more revenue to the platform and launchpad of course, very good source of revenue because we can take small percentage of every raise
5. Why staking fee is so high in Moonpot? Do you take some portion from fee to prizepool?
So I think that thet meant on chain transaction fee when you staking whichever token that you stake. Now the staking fee caused to the Binance. It doesn’t go to the Moonpot project and the staking fee is not use in order to make the prices or anything. It’s going to the BNB. The reason that it feels more expensive than just making transaction on PancakeSwap. On PancakeSwap the transactions cost 20 cents and on Moonpot it costs 1 or 2 dollars, The reasons for this price difference is there are much more complicated contracts when you submit the stake. So it’s going to take your stake it’s going to split your staking half. Half is gonna be used for your interest, half is gonna be for the prices and all of this things creates two or three differnet things of transctions so just making a quick trade on PancakeSwap is much more simpler.
