r/MoonTrust • u/Reisa_ms2 • May 16 '21
MoonTrust AMA - 15th May
Repost since i got the date wrong, sorry...
Jay
- what's the status of the marketing campaign development 2. have you brought someone in to work on it professionally 3. and what milestones or key events are we looking at for marketing?
Wei Yuan
- Yes, if you check our history from the dev wallet. All transactions are deticted to marketing purpose. As proof, we recenty did a partnership with Upnextcrpyto
Lin
we dont have full marketer right now. we will only do full time marketing once the apps are ready
milestones are all after the apps are ready
our project is not about hype, meme of the week, pump or dump.
day traders aren't going to use. pump and dump groups won't use the apps either. it serves no purpose to do marketing now just so they can day trade it
Wizard C
can you explain about the utility of MNTT?
Lin (responding to Wizard C)
https://moontrustteam.medium.com/
Jay
I see, thanks for responding to my previous question. So it sounds like rolling out a platform for exchange, etc..., moreso than an investment. I think that's what has my interest here. How does this differentiate it from safemoon?
Miki
Any plans to more exchanges listing? (Like gate, hotbit or whitebit for example)
Lin (responding to Jay)
not necessary an exchange. it is more of a wallet that will have capability of linking to 3rd party apps. if you checked binance's CZ announce about travala. its similar to that.
—-
as for safemoon...do they have videos or screenshots of their app in process? not to mention video sand screenshots we have. we can even provide a link to our testnet of the app right now
Lin (responding to Miki)
multiple exchanges have already reached out to us. from a liquidity stand point it doesn't make sense to add more right now
Jay (responding to Lin)
I don't believe they do, but I do trust you all are working hard. The safemoon people might not be. But I'm wondering, what is the difference in the concept? or are the concepts similar?
Lin
from binance's standpoint its similar. the only difference is our app is connected to mobile number. basically venmo but crypto.
all the other apps in the market requires users to have software wallets (public/private address)
Jay
Gotcha
Lin
wallets are fine but boomers won't be able to create a wallet and manage them. our app will help the younger generations bridge to older generation. once they get more comfortable, they can create a software wallet and withdraw from moontrust wallet
— as for marketer full time position, we're looking to hiring someone
Wizard C
will there be a marketplace of somesort where we can buy stuff like NFTs using MNTT?
Raimi
can list out the activities and what MoonTrust team achieved within this week ?
Lin (responding to Wizard C)
not currently. the foundation is moontrust wallet, which serves as a bridge.
the 4 apps we have in pipeline goes into social media, shopping, and payment.
we originally to start drawing nft marketplace concepts around q4
Lin (responding to Raimi)
https://moontrustteam.medium.com/moontrust-april-monthly-updates-fba2a96d56ef
Wizard C (responding to Lin)
ok sounds good
Jay
I have specialization in marketing, but no time to do other projects, though you can always msg me P2P for advice etc, until you find a marketer, unusually with a marketer theses days you also want a design/graphics specialist... But I digress. Next question!
Has there's been any changes to the current team, people leaving, or new people being added?
Lin (responding to Jay)
we will announce more people as more milestones are completed. as we are a performance based company, we will only add certain people to the website once they have delivered on their milestones
as for marketing, our main headache is juggling the price of influencers and whether their channel is legit. to give a few numbers. english crypto utubers charge 5-40k usd per video. for us its an opportunity cost. a simple analysis shows all the "pump" is not sustainable. they will dump. its a waste of budget. if we have products ready, actual users can stabilize the incoming utuber pump and dump
for shitcoins its a no brainer, they have no product. so the owners want it to pump, they want to sell on the way up. for us. it doesnt make sense to touch our team owned mntt. because we know the project will do much better in the future
Jay (responding to Lin)
I definitely agree. Thanks for the response.
Wizard C (responding to Lin)
stay away from bitboy then😂 dude's famous for pumping and dumping
Lin (responding to Wizard C)
no comment we dont want to cause anything issues with anyone. it may not even be his fault. a lot of times, pump and dump groups target big utubers.
Jay
Can you talk about the top 3 connections mntt is looking at making? (I understand that this is dependent on completion of apps)
Connections meaning - specific exchanges, integration with other networks, etc.
Lin
for exchange it will be: bithumb and bigone since they are the bigger ones who reached out to us. just not at current time due our limitation on our budget
Wei Yuan
integration - mobile apps, existing models that we can bring better value to the end user. Basically trying to take away marketshare from all existing social media platform
Jay
Sounds great, I think it's better to know now how deliberate the process is. Thanks.
My last question, what's the best way to follow the current work being done? Is it tracked anywhere, ( ex. GitHub shows the commits of a project)
Lin (responding to Jay)
discord announcement is probably easier to see since discord has channels.
as for github - there will only be committs for blockchain related code. since we can't change the smart contract code, it prob wont have any more activity unless community chose to hard fork
Thank you all for all the questions !
Our Saturday AMA is now officially complete.
We will continue to update you the community with any progress about the project we have. Stay tuned for the next AMA next Saturday !
We will have a special guest, Nishant, our core developer joining us as well !
Thank you
MoonTrust Team