On 9th of December, ShuttleOne conducted an AMA on Crypto Revolution Community. Our guest was Zhuang, Founder and CEO of ShuttleOne. 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: Okay guys. It’s time for another portion of Crypto Revolution AMAs. Let’s welcome ShuttleOne and Zhuang. Glad to have you with us today/tonight, Zhuang.

Zhuang: Hello all! Thanks for having me!! Good to be with u folks tonight (in singapore).

Danny | Crypto Revolution: Could you please introduce yourself and tell us how did you get involved into Crypto?

Zhuang: Yes of course! Happy to… For starters, I am Zhuang, I am the founder and CEO at ShuttleOne. Personally, I am a ex investment banker dealing in structured products and quantitative finance before I became an entrepreneur in the agriculture industry. Yes, I became a farmer. You folks can read more about my story here: https://www.asiaone.com/betting-farm-1

After successfully exiting from the farming business sometime in 2017, I begun to transit to be involved in the crypto space by way of mining Ethereum. It was funny as I read about bitcoin in 2011 and I thought at that time I was late, nonetheless I got started in mining eth and built one of Singapore’s largest mining facilities. More of the story here: https://www.straitstimes.com/business/companies-markets/from-farming-veggies-to-mining-digital-currencies

Miners have one issue, the problem is we still need fiat currencies to pay for our electricity, rent workforce etc. These are costs that we as miners had to exchange eth to domestic currencies. This therefore gave spark at the end of 2018 to begin what we have today in ShuttleOne.

We’ve been building ShuttleOne for the past 2 years now and we begun to dabbling in DeFi from a very early stage at the end of 2019 with the various options like Maker.

Danny | Crypto Revolution: Why you exit Farming? You are the first CEO here who was a Farmer before. This probably was exciting part of your Life.

Zhuang: Hahaha. Well i farm a different thing now right.

Danny | Crypto Revolution: Lol.

Zhuang: I exited because i was offered a buy out from HK/China buyers… So think its a good time to do what i was always interested in technology. I scaled from 5 acres of land to 300 acres. In 3 countries.. Singapore Thailand and Malaysia.

Danny | Crypto Revolution: Oh man. That’s impressive and amazing.

Zhuang: Thank you. I was always an entrepreneur.

Danny | Crypto Revolution: Did you sell your ETH in 2017 when was the ATH?

Zhuang: Haha unfortunately no… But its all good. Cuz i got into Defi very early on with MKR and Dai.

Danny | Crypto Revolution: Oh nice.

Zhuang: I was one of the early CDP holders in Maker.

Danny | Crypto Revolution: That’s great. And you said you were Investment Banker as well.

Zhuang: Haha yes… I use to do structured products in the bank. Your derivatives and complex financial models.

Danny | Crypto Revolution: So what is your best Investment Advice for Community at the moment?

Zhuang: Don’t FOMO. LOL. And look at ShuttleOne how you can hedge your stablecoins… The market is going to turn bearish at some stage.

Danny | Crypto Revolution: Yeap. True.

Zhuang: And just like us back in 2018. I hope community will take a look at ShuttleOne’s tech stack and liquidity pools. We built it actually for ourselves to begin with… My team uses our own products for savings and yields.

Danny | Crypto Revolution: Okay could you please describe what is ShuttleOne in few simple sentences for the Community?

Zhuang: Definitely… ShuttleOne is a defi company and we are based in Singapore. We offer trade financing and microloans using the blockchain by tokenizing real world assets. We are probably one of the few crypto companies in the Defi space that applies the blockchain and crypto for real world problems in this case the financial services industry.

We support Government to Business companies around the region by lending stablecoins out to these merchants who needs loans and borrowing.

Danny | Crypto Revolution: Are you focused only in Asia at the moment?

Zhuang: For most parts of 2020 we are focused in Asia yes… But we are moving more aggresively towards North America and EU regions for 2021. The merchants and users we support are global at this point too…

Danny | Crypto Revolution: Oh nice. So pretty much you guys will go Global.

Zhuang: Yes… We are actually looking at North America atm. A lot of our client’s (borrowers) sells to the US.

Danny | Crypto Revolution: It’s a big Market.

Zhuang: Esp covid19 supplies. It is man… But crypto is without borders and the products we built are also…

Danny | Crypto Revolution: How is COVID-19 situation in Asia? All I listen on the news now are only US and Europe. Seems like Asia won the battle with it?

Zhuang: Well i dont think anyone can say they “won” against the virus…

Danny | Crypto Revolution: May be not yet.

Zhuang: It DID originate from Asia right. I think the nations in Asia are a bit more concious about safety. The governments here are more proactive. in SIngapore for instance… We have laws against crowded gatherings and not wearing masks. While some say it maybe bad and there’s no freedom… But i rather i have no freedom right now and not die from the virus.

Danny | Crypto Revolution: True.

Zhuang: So we hope u folks are masking up and following the rules!

Danny | Crypto Revolution: Could you please mention few words for ShuttleOne Tokenomics?

Zhuang: Definitely happy to… The ShuttleOne Token or SZO is a token that serves 2 purposes:

1. Rewarding liquidity providers who support the business by supplying stablecoins. This means… users (like miners) are rewarded with the SZO when they provide liquidity into www.shuttleone.io/mainnet.

2. The SZO token is used as a protocol utility token. Borrowers, merchants applying for loans, kyb and interacting with the financial service products we code. These users pays for their fee in SZO… At the same time, the ShuttleOne token BURNS in real time… So it balances the markets…

In terms of token metrics, our trading day (unlisted at the moment) circulating supply is forecasted to be less than 1% at the moment… One of the reason being, if you read our guides on SZO, https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/the-shuttleone-token/structure, a huge number of tokens ARE NOT MINTED… And our token follows a strict emissions release…

Danny | Crypto Revolution: Got it.

Zhuang: So u can take SZO something like ETH or BTC in the early days where a limited number of tokens are in supply because of a small network of transactions. As i am a miner… We designed it close to what ETH and BTC will look like. We’ve not done an ICO also. So this means, no whales to dump on anyone.

Danny | Crypto Revolution: That’s pretty important.

Zhuang: Yup.

Danny | Crypto Revolution: Do you plan listing on DEX or CEX first?

Zhuang: Like ETH where there’s 1 way of getting ETH (by mining in the early days) the only way to get SZO is via liquidity provision. we are planning to go on a DEX (2 in fact) and then a CEX.

Danny | Crypto Revolution: Nice. Thank you for Introduction, Zhuang.

Zhuang: Thank you for taking the time to read!

Danny | Crypto Revolution: Always. It’s important to read. Young generation is kinda lazy now and they don’t like to read too much.

Zhuang: Hahaha… And thats where wealth is lost. =(

Danny | Crypto Revolution: Jumping straight to Twitter questions now.

Q1 from @cryptoenr1que

What are the major advantages that ShuttleOne’s Real World Asset Protocol could bring to markets such as oil and property? What could you bring to the management of these assets?

Zhuang: Real world Asset protocol…is the latest enterprise product that we’ve launched… On the ethereum mainnet… We’ve been testing it for about 7 months on testnet…

The real world asset protocol (RWAP) is a evolution using the blockchain and NFT tokens ($RAT) to form a database where all assets that we have tokenized can be viewed in once place on a blockchain.

The problem in institution in finance, digital or legacy will know that one of the biggest problems in the asset-financing space is the problem of double collateralization, especially in cross-border origination.

There are very high levels of trusts and relationships that goes on especially between cross border financial services. Usually SMEs are limited and isolated because of 3 factors:

1. No relationship with financer

2. No stable and historical credit history

3. Small quantum (less than 50k) no profits for banks

As such a lot of such asset details, are not properly itemized and shared transparently across the board. With Alhasa, ShuttleOne’s RWAP, all assets, documentation can be accessed in a safe way and any charges or liens can be easily viewed and settled by codes. (i.e no double collateralization of an asset that has an outstanding loan)

These will bring greater transparency and solve a real need in the financial services industry.

U guys can go play around with Alhasa: https://shuttleone.io/mainnet/ratdetail.php?n=goerli. Type in the tokenID 12 and u will see a sample loan that was done to collateralize rice earlier this Oct.

Danny | Crypto Revolution: NFT is getting more popular with every day now.

Zhuang: It is… What ShuttleOne has been doing is to build NFTs to recognize trade financing assets… In future perhaps we can open up for trading these NFTs when the ecosystem is stable… We even have our NFT on Binancesmartchain: https://testnet.bscscan.com/address/0x82ea2104fa9edac604a59cd93148452c2121da23#code. Here is the testnet.

Danny | Crypto Revolution: Thank you for sharing.

Q2 from @Athif18867738

What makes ShuttleOne different than other Platforms projects? Could you tell us some Extra-ordinary functions & objectives of SZO tokens which attracts more Investors towards SZO token?

Zhuang: This is gonna be a long answer… It consists of 6 points. I call it the everything u need to know about ShuttleOne.

Danny | Crypto Revolution: Nice. More to read and know.

Zhuang: 1. We did not do an ICO

Therefore, this means that the tokens in circulation and marketcap will be very low and it will grow according to the business that we do. Essentially, in cryptotalk it means there are no whales to dump on you.

2. Watch SZO BURNNNN

To ensure that there is a constant burn and reduction of total supply, if you have been following us on twitter (@shuttle_one) and our telegram announcement page, you will see that successful business done via the ShuttleOne.Network will DECREASE the token supply.

3. Very low starting supply

If you go to our Guides on the ShuttleOne.Network, you may see that more than 50% of the token supply IS NOT MINTED. The tokens can only be minted when there are successful business to be made (along with the burn) so the circulating supply on day 1 is actually less than 1% of the token supply if we would do a good estimate. The total number of tokens minted for the team and also our equity investors are also locked for 4 years from listing.

4. Working Business

Many project these days are in their early days of inception. Most of the tokens do not have real use cases or are battle tested. Even the projects in 2017, most do not garner a proper use case for their tokens. ShuttleOne stands out by having a working crypto business first (we decentralized over the past 2 years) and this is highly different. The amount of revenue that we have clocked in our trade financing this year of almost US$3mil allows us to say we are firmly a start up looking to scale and we need the community’s help at www.shuttleone.io/mainnet to make it happen.

5. We are backed by some highly notable equity investors.

ShuttleOne equity investors include Maker, CMT Digital, Andromeda Capital and various angels in Singapore. Recently, Microsoft’s ex Director Charlie Songhurst who took over Yahoo and Skype also invested in us.

6. Regulated DeFi

We believe we are one of the few DeFi projects that is successfully in process of applying for licensing in the world via Singapore. If you go to our github at www.github.com/shuttle-one you will be able to find our application submission to the monetary authority of Singapore.

I would love to also point out, we are also a part of Singapore’s Financial Sector Development Fund awardee. This means the technologies and business that ShuttleOne has built is being recognized by the central bank in Singapore.

I love this point the best… Check out the burn…

WATCH $SZO BURN

Trade Financing disbursed by the ShuttleOne Network for US$11,250.00 in support of a Rice Distributor importing rice from India!

https://etherscan.io/tx/0x3b956b30bcd2cc9a7c55a62a6894d496054965ed47de0cc79cd606a12aac3132

Danny | Crypto Revolution: I love all the Points.

Zhuang: Thank you!

Danny | Crypto Revolution: Btw as you know a lot of people are now entering Crypto just to take Profit and they leave after that jumping to the other Projects. Talking for the Moon Boys. Lol. What is your long term strategy to make this people staying with ShuttleOne?

Zhuang: Lol. Moonboys are good! But we are building something like Maker (but for the real world). No one cared about Dai and Maker earlier on. I think its gonna be the same for ShuttleOne… I think for us. To ensure people look at this closely…

Danny | Crypto Revolution: Yeah cause people now are looking for quick money. That’s why they are scammed so often in the last few months.

Zhuang: I know quite a bit of liquidity suppliers are putting their savings into the ShuttleOne protocol because the business we do generates them one of the highest interests right now for stablecoins… At this point the protocol is paying out 10% APY for your stablecoins… The reason why we can do that is because we have a running business in global trade financing…

Danny | Crypto Revolution: Wow. Not bad.

Zhuang: I think we are one of the highest so far… Secondly… if you look at our smart contracts and our github at www.github.com/shuttle-one, the SZO contract is audited in April 2020 way before the defi boom started… And there are no admin keys for rugs… This is very important a feature and thats how we designed the protocol.

Lastly with our investors in equity i think we hold a reputational risk alongside our regulatory risk (we answer to the central bank of Singapore). Like i will go to jail if there’s any issue with user funds… So with these safety, law and reputational risks we are here for the long term…

Danny | Crypto Revolution: Thank you Zhuang.

Zhuang: Most welcomed.

Q3 from @Lopyou54804819

Shuttle one do so many publicity to its SZO Burn Events and, In fact, the total supply is reduced. But also Deflationary or Burning mechanisms must have an end, so How much SZO is left to be burnt? Do you a limit?

Zhuang: Hahah…

Danny | Crypto Revolution: Lol.

Zhuang: Firstly i wouldnt say that is for publicity… The messages pop up on twitter.com/shuttle_one… Because whenever there is a successful loan that has been taken out, SZO burns… We built the burning mechanism into the business.

The good news is. SZO burning DOES NOT have an end nor a limit, the circulating supply will continually be burnt as loans are applied for an disbursed. We’ve designed an interesting tokenmetrics that supports the business and our token holders. You may check out the smart contract for SZO here: https://etherscan.io/token/0x6086b52Cab4522b4B0E8aF9C3b2c5b8994C36ba6

Danny | Crypto Revolution: Yeah. Pretty impressive.

Zhuang: Every time a borrowers take a loan, SZO is burnt from circulating supply. This changes the game from current farming tokens as we support real world problems and businesses, token holders who are mining SZO can be sure their interests are aligned with our business interests. Simply put, good business, more burn, price action.

This is to support token holders and liqudity suppliers who have given their support to the business. You may go to our guides to find out more about the SZO token: https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/the-shuttleone-token/introduction

So we are not burning just to artificially inflate price. By reducing circulation, we built a business around it… So prepare to see more burns! Like this:

Watch $SZO Burnnnn

Trade Financing disbursed by the ShuttleOne.Network for US$4322.00 in support of a e-Commerce Trader doing cross border trade preparing for Christmas!

https://twitter.com/shuttle_one/status/1334048487655108610?s=20

Danny | Crypto Revolution: Okay man. Thank you for the great answers, Zhuang. Really great Explanation of what ShuttleOne is. Ready for Quiz Part?

Zhuang: Thank you! Yes.

QUIZ PART

Question: What is the current Stablecoin APY% Payout now to Liqudity Suppliers?

Answer: 10% APY.

Question: Who are the equity investors of ShuttleOne? Name 2 of them.

Answer: The VCs that supported ShuttleOne in 2019’s seed round are Rakasasa (a south east asian investment holding group), Andromeda Capital, Sirius Venture Capital, Coinshares, Maker Ecosystem Growth Holdings, Inc and 1 other Angel Investor as of writing. Sep 20, 2020.

Question: Where (which website) can people supply liquidity to the ShuttleOne.Network? to earn interest better than banks?

Answer: www.shuttleone.io/mainnet.

Question: Are there whales to dump on SZO holders? Yes or No.

Answer: No.

TELEGRAM QUESTIONS

Telegram User:

Adoption & Awareness about Platform is very important for any Creator as well as Users! So, What are your plans to attract More users as well as Creators with Non-crypto users too?

Zhuang: As a company, from a business stand point, our main clientele are G2B corporations. G2B stands for government to business. Therefore we serve government linked companies as they support their communities. These could range from port businesses, logistics, commodities and various other government initiatives that has a huge outreach to business communities. So that’s our business and we serve the government entities around the region in South East Asia.

This AMA is special as ShuttleOne cannot function without the community. It is the support of the community that the technologies that ShuttleOne has built brings about stronger support for the G2B communities in this region.

As such, with the community, we offer a high interest bearing product for your liquidity supply in stablecoins. If you head over to wwww.shuttleone.io/mainnet you will be able to see the profit we pay is one of the highest in the crypto market at 10% APY. On top of that we offer a reward in $SZO the ShuttleOne token to our liquidity suppliers. While we have not listed the token due to the fact that we want more and more people to farm and mine the token first we do believe when we launch SZO on exchanges it will be a good pay day to our token holders just as CRV or UNI has done.

So I do hope you get into liquidity supplying before the rewards is too late!

Telegram User:

In the crypto space, I have seen companies that are usually B2C (business to consumer), C2C (consumer to consumer), P2P and B2B (business to business). But Shuttle One claim G2B. What does this stand for and what solutions does it provide for business communities?

Zhuang: In the crypto space, usually companies are B2C (business to consumer), C2C (consumer to consumer, some say P2P), B2B (business to business).

ShuttleOne is in a very special category of G2B stands for Governments to Business. We service government linked entities to provide Defi solutions to the business communities of these countries. Usually our clients are businesses like ecommerce players, food and commodities traders that do cross border business and a variety of other SMEs around the region.

What this means is that, your liquidity that you will add to https://shuttleone.network/mainnet/ goes into supporting these businesses with us facilitated by the ShuttleOne.Network.

Not just that, if you go to our Guides, https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/ you can see that this product is already running and generating revenue hence I believe investors should take a look at the token metrics and if you think that you want a stable, long term project to support SZO and ShuttleOne maybe just it.

Telegram User:

What are the advantages of shuttle.one? What are the advantages that we get when we join with Shuttle.one?

Zhuang: Remember the 6 points in everything you need to know about ShuttleOne.

1. We did not do an ICO

Therefore, this means that the tokens in circulation and marketcap will be very low and it will grow according to the business that we do. Essentially, in cryptotalk it means there are no whales to dump on you.

2. Watch SZO BURNNNN

To ensure that there is a constant burn and reduction of total supply, if you have been following us on twitter (@shuttle_one) and our telegram announcement page, you will see that successful business done via the ShuttleOne.Network will DECREASE the token supply.

3. Very low starting supply

If you go to our Guides on the ShuttleOne.Network, you may see that more than 50% of the token supply IS NOT MINTED. The tokens can only be minted when there are successful business to be made (along with the burn) so the circulating supply on day 1 is actually less than 1% of the token supply if we would do a good estimate. The total number of tokens minted for the team and also our equity investors are also locked for 4 years from listing.

4. Working Business

Many project these days are in their early days of inception. Most of the tokens do not have real use cases or are battle tested. Even the projects in 2017, most do not garner a proper use case for their tokens. ShuttleOne stands out by having a working crypto business first (we decentralized over the past 2 years) and this is highly different. The amount of revenue that we have clocked in our trade financing this year of almost US$3mil allows us to say we are firmly a start up looking to scale and we need the community’s help at www.shuttleone.io/mainnet to make it happen.

5. We are backed by some highly notable equity investors.

ShuttleOne equity investors include Maker, CMT Digital, Andromeda Capital and various angels in Singapore. Recently, Microsoft’s ex Director Charlie Songhurst who took over Yahoo and Skype also invested in us.

6. Regulated DeFi

We believe we are one of the few DeFi projects that is successfully in process of applying for licensing in the world via Singapore. If you go to our github at www.github.com/shuttle-one you will be able to find our application submission to the monetary authority of Singapore.

I would love to also point out, we are also a part of Singapore’s Financial Sector Development Fund awardee. This means the technologies and business that ShuttleOne has built is being recognized by the central bank in Singapore.

CONCLUSION

Danny | Crypto Revolution: Thank you for your time, Zhuang. Final Words for Community man? Before I open the chat.

Zhuang: Thank you all for participating and allowing me to share! Please join up our telegram https://t.me/shuttleone and follow us on twitter @shuttle_one to engage with the team and our community there! Thanks Danny. Its been an interesting AMA! Love the work u folks do.

Danny | Crypto Revolution: Thanks man. It was a really good one. 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://shuttleone.io/

Telegram group: https://t.me/shuttleone

Twitter: https://twitter.com/shuttle_one