On 20th of December, Netro Network conducted an AMA on Crypto Revolution Community. Our guests were Dan and Crypto Lone Wolf, Co-Founders of Netro Network; and Martin V, from Netro Network Community. Impressive interest from our Community with a lot of questions on both Twitter and Telegram. Let’s take a look at most interesting points of the AMA.
INTRODUCTION AND TWITTER QUESTIONS
Danny | Crypto Revolution: Time for another portion of Crypto Revolution AMAs. Let’s welcome Netro Network. Chat is muted. Welcome Crypto Lone Wolf and Martin. Happy to have you with us.
Martin V: Thank You.
Danny | Crypto Revolution: Hi Dan.
Dan: Hi there everyone glad to be here!
Danny | Crypto Revolution: Could you please introduce yourselves guys and tell us how did you get involved into Crypto?
Crypto Lone Wolf: Hello Guys glad to be here.
Danny | Crypto Revolution: Welcome guys.
Dan: Hi there I got started with crypto in 2017. I previously was a software dev for front end of a social media company and taught myself solidity and smart contract programming. Then I met Lone Wolf in September and we decided to create Netro!
Crypto Lone Wolf: 8 year experience in digital marketing space and having multiple startups. Been into crypto since 2016 actively and trading since then.
Danny | Crypto Revolution: Great background. Could you please introduce Netro Network in layman’s term to the Community?
Dan: NETRO aims to build a token that allows people to earn through staking, compounding and deflationary feature through smart burn. The vision is to have a token that is controlled by the investors like you. Our community votes on all major decisions including CEX, how to invest marketing funds. etc. Our coin management is not centralized like many tokens and we use democracy within our community to bring features the majority investors would like to see.
Danny | Crypto Revolution: So many tokens with pretty much same concept out there. How Netro is different than others?
Dan: Like I said our token differs from other tokens due to our SMART burn feature and community votes. With strategically planned burn events our team will be manually processing based on various market conditions. (SMART BURN) A larger percentage is burned when the price of the token falls, and less when the coin is stable & rising. A contract will be deployed that tokens will be sent to that will determine the best number of tokens to burn while the rest will be sent back to the token pool.
The burn rate is variable, non static. Our Smart Burn formula will choose the base percentage to burn taking in the current market conditions (eg: holders, market cap, price, volume, etc.)
Danny | Crypto Revolution: Sounds pretty interesting and definitely will benefit Holders. Few words for the Netro Tokenomics?
Crypto Lone Wolf: We revamp our tokenomics by demand of community. 50K total supply. Yes our community voted on this decision and we re-deployed our contract to fit the investors needs.
Dan: Liq locked for 1 year and marketing locked for 24 hours and our community voted on how we will invest the marketing fund.
Danny | Crypto Revolution: Your Contract is audited?
Crypto Lone Wolf: Yes it is Audited. And report was submitted to LID.
Dan: Yes we have an internal audit from LID as well as a third party which is being done this upcoming week.
Danny | Crypto Revolution: That’s great. Brings trust to Investors.
Dan: As well we are the first KYC team on LID.
Danny | Crypto Revolution: Impressive. What about the team? Anon or public?
Crypto Lone Wolf: We are anon for obvious reasons in defi but VIDEO kyc by LID.
Dan: We are fully KYC by LID which speaks volumes for our trust within our community. The reason we are not fully public is to protect my family members from malicious people which I have been a victim of in the past.
Danny | Crypto Revolution: We know a lot of Projects even with locked Liquidity and audited pull the rug. How you guys build Trust and Confidence in Investors. We know people are kinda scared to participate in Presales.
Dan: We will not dump our marketing fund as most tokens do, it just ruins our vision and reputation.
Danny | Crypto Revolution: Yeah. Most of them do like that. Lol.
Dan: Our biggest bottleneck would have to be the current state of DeFi. Everyone is so worried about rugs and scams. I would say its all about user trust and bringing features the community wants. DeFi currently is decentralized however, the decision making and people in charge of the various tokens is centralized to the team, this leads to greed and corruption. The DeFi space needs to grow away from PnD launches and rugs. This could take some time as it is the human condition unfortunately.
Danny | Crypto Revolution: I couldn’t say it better. This is so far the best opinion I read for the current situation in Crypto!
Crypto Lone Wolf: We have our team funds locked along with marketing funds locked for 24 hours so no dumping on launch (locked by LID).
Dan: Our community voted on how we will invest our marketing. We are looking to hire talented members to our team to further push development. We are not looking to dump our marketing which is why we locked it for 24 hours. The lock would have been longer but our community wants us to invest our marketing fund to begin promo.
Danny | Crypto Revolution: How you guys keep the hype on. The other thing I see from personal Experience. A lot of Projects just die after listing on Uniswap. They have their few hours hype and die after that. What is your solution for that?
Crypto Lone Wolf: Most are after some money and leave. Our inspiration for Netro came when ourself became target of those projects.
Dan: To keep hype we will need to get on coingecko and some smaller CEX to build leverage to get onto the big players CEX wise.
Danny | Crypto Revolution: Definitely agree here. I mean to keep the Community active all the time. Doesn’t matter about the price for example cause we know most of the people now entering Projects just for the Profit. They don’t really care about it.
Crypto Lone Wolf: Hence the idea came for netro.
Dan: After these goals are accomplished successfully we look to add valuable talented members to our team to expand operations. Get onto many CEX’s and big name endorsement. Once we have established a team we can work to further improve NETRO DAPP and its features. We can even look into launching a NETRO main net perhaps once we have the man power.
Danny | Crypto Revolution: Adding Members will be something like Ambassador Program I guess?
Dan: Yes community engagement is the most important aspect to us. This is why we cast votes and use democracy within our community to bring features everyone wants which essentially builds hype. Exactly talented members that can bring value to the table to further expand our operations and reach to new communities.
Danny | Crypto Revolution: Okay. Thanks for the brief Introduction guys. Let’s go deeper with Twitter questions.
Dan: Sounds good!
Crypto Lone Wolf: Let’s go.
Q1 from @SamuelStook
One of your features is SmartBurn. What are the advantages of SmartBurn? What makes it different from normal burn in other projects?
Dan: SMART burn has many advantages over static burns. Rather than the burn events being un-optimized to fit market conditions SMART burn % rate will vary depending on market metrics. Tokens are sent to SMART burn contract and the algorithm predicts the best % to burn while the remaining are sent back to the pool. With strategically planned burn events based on various market conditions. (SMART BURN) A larger percentage is burned when the price of the token falls, and less when the coin is stable & rising.
Danny | Crypto Revolution: There will be not much selling pressure for sure. Really good concept.
Q2 from @Ontortk
Why did Netro Network decide to launch your pre-sales through the LID Protocol platform? What benefits does this provide and what is your relationship with this company?
Dan: We decided to delay our launch to go ahead with LID to give investors peace of mind. We have been there for our community from day one. We are going to be locking our marketing fund for 24 hours to give peace of mind that we wont dump on launch. we would do it longer but we want to invest the marketing fund asap into what the community wants to see a further move NETRO where the community wants to see it go. We will use the marketing fund on exactly what the community votes on. Our liquidity is locked for a year.
Crypto Lone Wolf: Because that is secure and liquidity is locked, plus our team and marketing funds are also locked for 1 year and 24 hours to preven dump. And we waited 2 months so we can go through LID.
Danny | Crypto Revolution: So you are definitely aiming to stay long term not just the next Defi Project which will be there for one week and dissappear after that. Did the Community already vote for Marketing Funds? For what you guys to use them?
Crypto Lone Wolf: Yes. We took a poll and community voted for it. We have been invested into those projects, those are the same team creating new coins and rug pulling. This is our first ambitious project and we will keep it alive and make it community owned.
Danny | Crypto Revolution: Haha. Yeah. All the time. Lol. People are so tired already.
Crypto Lone Wolf: Few of the members are willing to even become part of the project and we are considering.
Danny | Crypto Revolution: That’s great guys. You know Community is always important!
Q3 from @nguyenthuthuy90
Vitalik Buterin said that the DeFis had high risks and that they were not recommended. What do you think about this? Is he right or really DeFi’s as Netro Network d are trustworthy?
Danny | Crypto Revolution: Chat be ready for the Quiz Part after the Answer!!
Crypto Lone Wolf: I would say going 100% defi has to be done very carefully, most people are new in crypto and thats why there is risk. A combination of defi and some manual intervention is required. Thats why we added the community feature. Let community decide what they want and discuss to make it better.
Danny | Crypto Revolution: So in one word you are fully Community Driven Project. I personally always prefer to invest in such a Projects!! Ready for the Quiz part guys. Thank you for the great Explanation of Netro Network.
Crypto Lone Wolf: Yes thanks we enjoyed it.
Danny | Crypto Revolution: This is just the beginning bro. Who will be asking Questions for the Quiz?
Martin V: Me.
Crypto Lone Wolf: Go ahead.
QUIZ PART
Question: What is the total supply of NETRO?
Answer: 50 000.
Question: How does SMART burn different from regular burn events?
Answer: Variable — non-static: It takes in account the current market conditions (like mcap, price and volume).
Question: How will the NETRO DAPP help users stake tokens?
Answer: DAPP Help user Stake with a user friendly GUI that make staking simple and rewarding while being secure for the investor. Netro DAPP as it will include many staking options and pools.
Question: How is NETRO curating their community and getting all members involved to further expand the token?
Answer: Letting the community decide what they want and discuss to make it better.
TELEGRAM QUESTIONS
Telegram User:
Many new projects initially developed well but were suddenly abandoned. How will you manage your project to get your position on the market and become the best project in the blockchain world?
Dan: Hi there Cao! Thanks for your question. THIS one is BIG! Keeping people invested in NETRO. We believe the way we are curating our community will be a major factor to keep people invested in NETRO and have new investors purchase NETRO. The way we do this starts from our community of course and also our future plans to develop our DAPP with a user friendly GUI that make staking simple and rewarding while being secure for the investor. We also have some secrets to keep user engaged. Some examples would be community engagement and incentives which are yet to be released but keep an eye on our community to see these releases. We plan to hold our investors trust by keeping the community in the loop with the team and decision making through democracy within our community. Investors will be excited to purchase NETRO with our DAPP as it will include many staking options and pools. NETRO will be necessary to interact with our DAPP. Technology aside it all comes down to the community to keep people engaged and making decisions based around what the majority of people would like to see! Thanks for your question Cao!
Telegram User:
Do you have a strategy to protect your investors in such a fluctuating and anxious market?
Dan: SMART burn will help with this!
Telegram User:
Marketing is an essential element of every project, so everyone knows the potential that a project can generate. What is your strategy to attract new users and investors and maintain it in the long term?
Dan: Hi there Narju! Yes I whole heartedly agree with you DeFi is booming and is the current trend and marketing is key. I would say our innovation to stick out from everyone else comes from our community based our democracy and having our decision making decentralized and non internal. Our community will have hosted polls to vote on where to allocate funds and decisions moving NETRO forward our community would like to see. It is the most fair way to grow a DeFi token. Our SMART burn is also something that has not been done as most tokens burn a static amount of tokens as coded in the main token contract. With SMART burn we can send tokens to our smart burn contract and the optimal amount will be burned while the rest are returned. Thank you for your question Narju!
Telegram User:
Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress?
Martin V: See here.
Telegram User:
Recently, security has been affecting the defi industry. You’ve passed the slowmist inspection. How do you intend to protect users in case of security problems?
Dan: Contract is secure, presale through LID with KYC.
Telegram User:
Are you a global project? Can anybody use your services from anywhere?
Martin V: Thank You Nix’s. Yes Netro is Global Project. Anyboday Use Ours services From AnyWhere.
Telegram User:
How can a randomized % burn be more beneficial than regular “fixed” percentage burn? What kind of formula is there behind in order to calculate the most sustainable percentage of tokens to be burnt?
Dan: Because burning more tokens at certain times will not benefit the token while not burning enough will not have the correct impact.
Telegram User:
Link for presale please?
Martin V: https://sale.lid.sh/netro. For more information Kindly join Our Officials Group.
CONCLUSION
Dan: Thanks for all the questions! Please join our TG we are active there. Now we must get back to work for our launch tonight on LID!
Danny | Crypto Revolution: Thank you guys. It was really great to have you. 80 minutes. Final Words for Community please. When the Presale is starting?
Martin V: 12 HOURS left for Start Ours Pre-Sale: https://sale.lid.sh/netro. All information You got here. Thanks for your time we really appreciate you and your awesome community!
Danny | Crypto Revolution: Opening the chat now.
For more information and future AMAs, join our Social Media channels:
Website: https://crypto-revolution.io
Telegram group: https://t.me/crypto_revolution1
Twitter: https://twitter.com/revolut20?s=09
Our Partner:
Website: https://netro.network/
Telegram group: https://t.me/NetroNetworkOfficial
Twitter: https://twitter.com/TheNetroNetwork
