Thanks a lot for actively participating in the Polygen AMA held on 6th Mov 2021 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Polygen

We have with us Mike

Thanks Gary - I am Canadian and moved to the UK as a masters student at the LSE.  I have spent the last 20 years working with VC backed tech companies

I joined Polygen as CEO earlier this year and I believe exemplifies the crypto spirit in so many ways.  Polygen aims to be the “Project’s launch pad” and to bring new thinking to the launchpad space.

We believe that IDO launchpads today limit innovation and experimentation by taking a “Gatekeeper” approach.

Only a select few Projects are ever chosen by launchpad Investment committees.

The result is great projects may miss out since they do not meet the Gatekeepers strict criteria - typically quick ROI. On Polygen, anyone, can launch any project in a true decentralised manner

Q1. Can you list 1-3 killer features of your project that makes it ahead of competitors? What are the competitive advantages your platform has that you feel most confident about?

Sure - we think we have built a very unique launchpad, lots of features but will keep it to 3!

As I mentioned above, Polygen is the only multi-chain launchpad with no Gatekeepers. Anyone can launch any project.

So all Projects are free to experiment without any restrictions imposed by the Launchpad

Our community will have many Projects to invest in, promising Projects of high quality will be discovered and rise to the top

The second competitive advantage in our view is that Projects have complete flexibility to create their own customised IDO

For example, Projects decide size of raise, auction mechanism, tiering, and they can operate any project round (seed, private, public), or connect rounds.

Third, the goal is to make Polygen not just an IDO launchpad but a fundraising marketplace supported by a diverse eco-system

Polygen has created a rich and diverse eco system of Projects, investors, seeders, advisors focused on the long-term success, not pump and dump - not like other launchpads,

There will be many quality Projects to choose from for investors and the ability for the community to qualify/feature the most promising Projects

We think these three points alone will help Polygen standout from the many launchpads out there

Q2. As a launchpad, can you disclose the key benefits of Polygen to help projects to have early adopters and gain game exposure? How are your marketing strategies directed that can definitely complement and optimize the response time of the community to quality projects?

A good question - essentially why launch on Polygen :)

Polygon’s goal is to create both a community that has a long term focus, not a “Pump and Dump” mentality as well as a community that is focused on the long term success of the project.

For most launchpads, the community exists around the launchpad, not the project.  They are interested in short term ROI.  They sell the Project’s token quickly and move on to the next Project.  There is not a lot of loyalty or interest in the project.

Polygon has a completely different business model than the other launchpads.  Firstly, with no gatekeepers and complete freedom to customise the parameters of their IDO, projects will want to launch on Polygen simply because they can do things they can’t do on other launchpads - innovate and experiment

For investors, there is no whitelist/Lottery to participate in a fund raise on Polygen.  Once they have passed our KYC, they can freely start backing Projects they like.  They can start by earning rewards by providing liquidity seeding, then they can actively participate in the fund raise.

What this means is that Projects build their own loyal community on Polygen.  One that believes in the Project and is interested in its’ long term success.  As the community starts to back particular Projects, this will be transparent to all the community.  Quality projects will rise to the top and in turn get more backing and support

So Polygen has created a transparent marketplace for projects to have the freedom to innovate and experiment.  The community also have complete freedom to back projects they believe in with no lottery process.   This helps the Projects gain explore, build loyal communities and start their journey to success.

A long answer but it is an important question, hopefully this helps explain why Polygen!

Q3. Security is the first priority of all projects and platforms. Do you believe that Polygen is safe and secure enough against hackers? Does your project have Bug Bounty Programs for everyone that reward individual vulnerability detection of the system?

Another important question.

We 100% agree that security is the first priority!

The Development team started creating Polygen’s smart contracts in January.  Throughout that process, they have been audited by numerous third parties including the industry recognised Hacken Cyber Security.

We are always in the process of testing our security.

I am not technical enough to go into detail here (I need my head of Product Strategy David Atkinson!).

But what I can share from David is that Polygen contracts are deployed by raise and there is not one overall platform. Therefore, there isn’t a single platform honeypot risk.

Typically, an exploit would happen at a single raise.  I have asked our Dev team to write a Medium article on this subject so more to follow!

We love the idea and concept of a bug bounty program.  We are looking into this and we will share more details.

Please note, in our Telegram channel https://t.me/polygen_launchpad we recently started a community-based beta testing group.  This group is helping us with critical feedback on our DApp.

Q4. Can you give an overview of Tokenomics, and the UTILITY of Token?

We have designed the tokenomics of Polygen to support the long term sustainable growth of the project, token & ecosystem.

We have worked closely with our partners to develop our tokenomics & our investors are very supportive of the tokenmics model we have adopted.

You can think of the utility of Polgen’s PGEN token as an Access token.

Buying and holding PGEN, holders will have access to provide liquidity seeding and earn great rewards risk free and help projects they love.

Second, holding PGEN tokens gives you access to fund amazing projects on Polygen.

Remember, once you are holding PGEN tokens, there is no whitelist or lottery process…. You simply pass our KYC and they get active.

So be sure to come and buy & hold some PGEN tokens at our TGE!

Q5. Partnership is like a supplement where the combined effect is beyond the individual level. Can you name some of your recent partnerships that can help your project? Is there any partnership that will take place in the near future? Can you tell us with whom?

We have built an amazing eco-system around Polygen.  Firstly, we have created an amazing investor community with some of the best regarded Crypto VCs globally.

Each investor has been chosen based on the value they can bring to Polygen by bringing us strategic partnerships and also quality deal flow in terms of Projects.

You can see a list here of our VC backers:  https://cointelegraph.com/press-releases/polygen-raises-23-million-for-its-truly-decentralized-and-pro-project-launchpad

Some other great partnerships we can highlight is the fact we will have GSR as our market maker https://www.gsr.io/

Finally, we will be announcing a series of strategic partnerships via our Seed backer and Incubator SL2.  They have a portfolio of over 30 Projects that will form part of Polygen’s strategic partnerships.

By launching on Polygen, Projects will have access to work with many of these amazing companies and get value add services as part of their IDO

Q6. How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?

Thank you for your question - yes, we are working with community managers to help us globally.  This week we have done AMAs in Vietnam and Russia.  We have more planned.  Let us know if you have any specific country requests

Q7. Is your project only for elite investors, what about others with small funds, is it open to everyone?

Thank you for your question - yes, we are working with community managers to help us globally.  This week we have done AMAs in Vietnam and Russia.  We have more planned.  Let us know if you have any specific country requests

Q8. What is the meaning of the name of the project and why did you name it that way?

When Polygen was first conceived, the idea was to make it Polygon native as there was a huge opportunity for innovation in the Polygon eco-system.  hence the name Polygen for Polygon.. :) But we have expanded the focus and we will now be multi-chain to accommodate a broad array of projects

Q9. I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, do you have plans for HACKATHON so as to check the security of your ecosystem periodically and also invite developers to build?

We are speaking with strategic partners about hackathons.  No immediate plans but we are 100% behind the concept and will share more details as they become available

Q10. Please tell me, How can i buy it? And How to invest in your project?

The plan is to release details this week regarding our KYC process and where/when/how to complete.  We have not finalised the TGE date but again, hope to do so shortly.  We will publish all these details in our TG channel and Medium to give you plenty of notice on how to participate

Q11. While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?

Yes, absolutely.  We want our community to be 100% involved.  This past week for example, we started community-based beta testing of our DApp.  We will also introduce a community Ambassador program to get feedback from the community.  Let us know your ideas!

Q12. How old is Your project? What are the major plans ahead? Could you show to us image of your roadmap?

Work started on Polygen in January this year and I joined as CEO in June.  We closed funding this week and will do a beta launch of Polygen on Polygen in the coming weeks.  Exact date TBC.  Version two of the platform is being audited and we will release in early 2022 along with the full launch capability for Projects to come and list with us in a 100% permissionless manner

Q13. What plans do you have for new user and non crypto investor to attract towards your platform? what challenges do you see?

good question - we are keen to get non-crypto traditional investors involved in Polygen.  A key part of this strategy is that fact anyone can come to Polygen and participate once they have done KYC... no lottery.  I traditional investor can come to Polygen, look through the Project market place and immediately back a project they believe in.  Also, we want to attract traditonal companies seeking fundraising ... not just crypto companies. So provided a traditional company can develop a token strategy of interest to the community, they can fundraise... for example, we had a call from an start-up airline last week :)

Q14. What are plans in for global expansion? Are you focusing on market at this time or focus on building and developing or getting customers and users, or partnerships?

Our plan is to be global from Day 1, we have strategic partnership discussions now in all global areas

Q15. How important is the community to Your project? and How can we collaborate or help share token for the development of the project?

Community is Number 1! We are launching an Ambassador program soon and always interested in your ideas - let is know in our TG channel.  Would love to get your input

Q16. Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds, scams and rug pulls ? How strongly built are your security put in place?

All are smart contracts have been audited.  Hacken Cyber Security and others.  We are always seeking ways to do further security audits

Q17. What is your strongest advantage that you think will make your team leading the market?

No Gate keepers - anyone can launch with complete freedom

Q18. What's your main focus right now, are you focused on the community or market/Exchange or the products?

Building community around Polygen, building a pipeline of great projects and finally getting the DApp development scheduled goals achieved

Q19. STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have  plan about to Staking?

Yes - we have staking details coming soon. Stay tuned! We agree, very important

Q20. Southeast Asia is a very vibrant market and there are many new platforms under development. So what do you think about Southeast Asia and do you have plans to grow there?

We agree, South East Asia is a vibrant market.  We held an AMA this week with Vietnam.  The region is definitely a target for us

Q21. Do you have any NFT plans and its integration ahead in the roadmap? Also do you have any passive income options and incentivization reward for a  long term holder?

Our liquidity seeding functionality allows you to seed a project and earn rewards risk free.

Thanks again everyone, we will get back with more answers!  Have a great weekend