AMA Recap - Gather Network x Game of Bitcoins

By Game of Bitcoins | crypto_amas | 13 Sep 2020


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Thanks a lot for actively participating in the Gather Network AMA held on 13th September 2020 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Gather

We have with us Raghav Reggie Jerath

Hi, I'm Reggie, the CEO and the founder of Gather Network. I'm a serial entrepreneur, leadership and management professional and an accredited chartered manager from the Chartered Management institute. I have scaled startups from idea to growth stage with revenues reaching as high as 200,000 USD per month. I lead teams varying from ten to two hundred people of a multidisciplinary background. My career also includes stints at MSLgroup and other large integrated agencies where he handled medium to large scale public, private and NGO accounts. I've been managing the Gather Network since 2017.

and for a brief overview of Gather - I'll use an image, along with text

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Gather is a platform that allows publishers to monetize without ads, provides businesses & developers to access cheap and reliable processing power.

Gather Online (Layer 0) allows web & mobile developers to monetize from their users processing power.

Gather Network (Layer1) is the protocol layer, a hybrid proof of work and proof of stake blockchain, where stakeholders are incentivized to maintain transparency and security.

Gather Cloud (Layer 2) provides affordable processing power to enterprises and developers.

Gather Enterprise provides consultancy services and tooling for developers, businesses and crypto networks.

Q1. What is the main use-case for Gather / What problem does it solve?

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For the first time in history we have developed a powerful new technology that allows web and mobile developers earn money through processing power contributions.

Imagine an Internet where web and application developers can generate reliable revenue streams without having to rely on Ads. One that is not reliant on ads, one that is reliable and rewarding. While making Cloud markets cheaper and fairer. Gather is unlocking a new type of business model for the internet by allowing publishers to monetize without ads and by providing businesses & developers access to affordable and reliable processing power.

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Q2. You completed the sales process earlier than you planned. How did you manage to attract such attention?

Of course, it didn’t happen in a day, we've been building for the past 3 years and we wanted to time our private sale while the market is primed.  Our team includes A+ advisors, with deep roots to the blockchain ecosystem who took active places in launches of the well known projects. To give an example, our Tech Advisor worked for the likes of Status $SNT and Opera and our Marketing Advisor is the former regional director for Publicis Groupe. - I'll attach some images of the team and advisors as well

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Q3. What unique technology does Gather use to separate it from its competitors, and could you give us some details about the Gather Block.

For sure, I'll share an image here to help provide more context

First and foremost, Gather Online is oriented to change the way of web/app monetization, Providing websites and applications an alternate form of monetization, one that is not reliant on Ads, is a paradigm shift.

There is no other competitor utilizing the processing power provided by websites and applications for building a better ecosystem, as we plan with Gather Cloud:

Gather Cloud will allow PoW blockchain developers to deploy blockchains ( Child chains Via Merged Mining ) without the need to source miners or build a community first.

Gather Cloud will allow enterprises to lower compute costs with CPaaS (Compute Power as a Service) as a unique offer for specific use cases.

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Q4. Looking from the website it seems Gather Network has a number of different solutions, could you talk us through the different solutions and how they can be adopted?

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Q5. Could you tell us a little bit about your roadmap going forward, how do you plan onboarding users and gaining more adoption for Gather?

Both for Gather Online and Gather Cloud, we will continue building new relationships with publishers, enterprises and PoW blockchain developers.

We already have around 200 publishing partners via Early Adopters Program so far, including names like ThePioneer (India’s oldest newspaper), TheDailyChain (a crypto news site) and Metalyfe (a new web browser). We will be running campaigns to raise the awareness of Gather Online as we get closer to the mainnet launch but in the meantime we will carry on and bring more partners with our B2B marketing efforts.

We’re currently testing Gather Cloud with a $4B turnover company and we have another Oil&Gas company on board for the enterprise side. As part of our B2B business development efforts, we will also continue adding new enterprises.

Again for Gather Cloud, we are also building new connections with the other PoW blockchain teams where we can use their algorithms as part of our Merged Mining concept. For example, LUX chain is our first partner on this front.

It would be worthwhile to also mention about our Ambassador programs here where you can see on our website. These programs split into 4 groups, aiming to spread the reach for: Community, Gather Online, Gather Cloud-Enterprises and Gather Cloud-PoW Blockchain Developers.

https://gather.network/ambassador-program.html

We plan to bring our testnet live by the end of 2020, and move forward to our mainnet by March 2021.

Q6. What are the main competitors of Gather Network?

There is no direct competition in the sense of what we are building as a single marketplace based platform connecting publishers with enterprises & developers.

There are of course variations of the individual parts of the Gather network visible in other projects. For example golem is a marketplace for processing power but requires user download and maintenance and large user input. Brave offers monetization but requires their browser to be used while Gather is browser agnostic.  With the modifications we have made to incorporate these individual parts into our platform to operate in a complementary manner, we dont believe there's any project that is able to offer what Gather does as a complete package at this time.

Q7. What kind of websites could use Gather Network? Only those intended for crypto-currencies and blockchain? What is your main target?

Any website or application can integrate Gather Online easily. Integrating our core product is very easy and straightforward, it’s a line of javascript code for websites and an SDK for applications. These websites or applications do not have to be crypto-currency or blockchain sites, it can be a news/blog site, a streaming website or app, a mobile application, basically any option is viable. Gather Online rewards the publishers/users for the time spent on their website or applications. Specifically reaching out to areas where advertising (CPC) rates are lower and unjust will be part of Gather’s mission.

Gary - Yup, I feel easy integration is the most critical path for massive user adoption

For sure, 100% agreed - especially for first time crypto users. Allot of the current beta users are all first time crypto users - making it as easy as possible for them is a key objective for Gather

Q8. How does GTH work as a utility token for the network and how does it benefit both the network and holders?

GTH’s value is derived from being as a medium of exchange within the ecosystem along with providing holders the opportunity to vote on the future of Gather. The specific features that use $GTH as a medium of exchange include:

1) Gas Fees and network interactions charges, settlement and processing power related charges for the Gather Cloud, and Settlement of Gather Online Rewards.

2) Providing a financial incentive to nodes to act honestly.

3) Entitling Staking holders with the right to participate in the governance and future of the Gather ecosystem

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Q9. Someone can call Gather Network like “a Brave Browser killer”. So why is Gather Network better than centralised providers like Amazon, Google etc? and please tell us how do you differentiate from other decentralised cloud computing marketplace like ANKR, SONM, Golem?

There is no direct competition in the sense of what we are building as a single marketplace based platform connecting publishers with enterprises & developers.

There are of course variations of the individual parts of the Gather network visible in other projects. For example Golem, as you mention, is a marketplace for processing power but requires user download and maintenance and large user input. Brave offers monetization but requires their browser to be used while Gather is browser agnostic.

With the modifications we have made to incorporate these individual parts into our platform to operate in a complementary manner, We dont believe there's any project that is able to offer what Gather does as a complete package at this time

Q10. I have a website and a mobile app, based on TV contents. What do I need to do to benefit from Gather Network; do I need to remove ads from them, or can it stay as an alternative; what is technically done behind, would it effect the performance of the site/app?

Gather Online can be used as an additional source of revenue on top of the existing ads. It also allows you to go ad-free to enhance user experience. The beauty of Gather Online is that the visitors can be rewarded via Gather’s loyalty program by the website/application owner and it actually rewards for the time spent on the website or application unlike the number of ads displayed.

When compared to existing advertising rates, Gather Online provides x1.4 better

profitability based on the observations on our MVP testing period. Consequently, adding

Gather Online to the sites will allow publishers to earn at least x2 of their current revenue

or will let them go ad-free for a better user experience. These numbers are subject to

change based on number of sessions, session lengths, coin prices and total network usage utilization.

Technically, to integrate Gather Online, you just need to add a line of code generated by our app to your website or app. Our core product has also undergone extensive stress testing.

Q11. Mostly monetized project need ads as their income source, So where is gathers network income sources to run project and get revenue?

Gather generates revenue from all layers of the network, which includes publishers/websites/applications at the start and enterprises using gather cloud at the top. Gather will charge a commission to websites/publishers/applications using the Gather technology. The processing power generated from the websites, is then redirected to child chains through merge mining and/or enterprises on Gather Cloud.

Hash rate leased out to child chains to increase their security will be lower than market price. Enterprises that are using Gather cloud will also be charged at a discount to market rate (determined by google/AWS rates) for the processing power used by them. The majority of this revenue will be redistributed back to the publishers with Gather keeping a small portion as the commission, and thus keeping profit linked directly to growth of the network. This creates a positive feedback loop where increased publishers using Gather online means more processing power can be redistributed through Gather cloud which in turn increases the revenue of Gather online users, attracting more customers to gather online leading to more processing power and so on.

Q12. At this point, do you think you need exchanges as a Binance to keep growing? Or is it better to forget those things and focus on other activities.

Exchanges, and off ramps specifically, will be a very important facet for us as we grow. This is because majority of our online users have never dealt with crypto before. So the process needs to be smooth. So different exchanges with offramp capabilities are needed to support multiple off ramps for various fiat currencies

Q13. So you can bring benefits to independent publishers as well as visitors. What benefits will developers get when they switch to Gather Network?

New Child-chains can be forked off from genesis child chain (created by Gather) , and they use the processing power that is generated from websites and applications. Child Chains and parent chains are linked via merged mining. This allows PoW blockchain developers to deploy a chain without finding mining community. It is well known that with high hashrate POW provides bullet proof security, but with low hashrate, this is not the case. When launching a new POW network, finding a miner community is always tough. Especially miners that incentivized for the long term growth of the POW network.

Q14. Why is Gather using a Proof of Work class algorithm and what privileges does this infrastructure provide in Gather security and functionality?

One of the reasons Gather Network will have its own mainnet is to maintain a sustainable Proof of Work consensus, which will be only used by publishers (website and application owners) and will not be open to any external mining options. To make the web/app mining viable, low processing power is required, and this will be maintained as observed earlier in our prototype testing process.

Q15. How can I be part of the Gather’s Ambassador Program? On the platform I see 4 types of programs, do each of them have the same benefits?

You can apply for ambassador program on our website, the link is here: https://gather.network/ambassador-program.html  The requirements and incentives for each are quite varied. We invite you to apply!

In the interest of time, I think that is all we can take right now, but we thank you for the amazing questions and Hosting Gather! To learn more about us, join our telegram here: https://t.me/GatherNetwork  or visit our website here: www.Gather.Network

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