AMA (Ask Me Anything) with Gleb Nikitin on Dappcenter
Date: 31st of August 2021 at 1 PM (UTC)

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AMA Segments

• Project introduction
• Twitter Questions
• Live Telegram Questions

1. Project introduction

Written by Gleb Nikitin, Tech Lead and Co-founder of MetaHash

#MetaHash was created because we wanted a chain that could solve this tasks:
1. Cost effective and almost instant payments to thousands of users of any project. That allowed us to make staking rewards that are distributed across all delegates and not just have one winner per block as an example.
2. Create oracles inside the chain to become a cross-chain bridge and allow other tokens and coins flow in and out. The base of this will be completed till the end of this year.
3. Create a chain that is fast enough to be a backbone for a very fast dex. An example DEX will be launched early 2022.
4. d-apps that can operate in real-time

After this MetaHash will start becoming what it was planned to be from the very beginning.

Question: What is Metahash all about? Explain it along with usecases and Vision...

Answer by Gleb: Validation finality of 99.9% transactions under 3 seconds. Extremely low commissions due to low hardware costs and high throughput. As the blockchain space grows this 2 paraneters will become more and more important and projects will high requirements will see MetaHash as the best choice and such projects will appear in nearest feauture. We are getting them the backbone ready.

Question: Metahash has plans to launch nfts what all to expect from it and some insights you can give?
Answer by Gleb: We do have some unusual use cases planned like content visible only for current nft owner and of course bridges to other chains and markets so the creator of and NFT looses nothing when choosing to publish on metahash and gets all included

Question - Can you give a comparison with other blockchain in terms of gas fee and speed especially with Solana or tomo as they are considered the cheapest??
Answer by Gleb: MetaHash had now no fees but the planned fees will be the lowest on the market. Due to high throughput it will still be attractive to node operators. In terms of speed I haven't seen a chain with under 3 seconds finality like we have in fully decentraluzed mode.

Question: Will tokens be released long before the dex or bridge tools or will they all come at the same time... tokens that cannot be swapped or bridged to Eth wont have the same utility.
Answer by Gleb: Also Will the bridge extend to BSC eventually
Tokens will be released first, but bridges very near to that. Eth/btc bridges first, bsc and other next. DEX early 2022

Question: What all platforms could your NFT be traded? Do you have plans of an NFT marketplace also?
Answer by Gleb: We do have plans to enable nft trading in example DEX that we make and create bridges to popular chains/markets

Read more about the upcming NFT marketplace in this Metahash update

2. Twitter Questions

Question: Can you point to a feature that you like best on the platform so that it can compete with other competitors? What are you most confident about about your background? Do you have a plan to get users to choose your platform?

Answer by Gleb: We have clear competitive advantages for a lot of use cases. We'll just work on polishing the eco system and we'll surely be one of the top picks for any project with high demand to speed, throughout and cost-effectivnes. Only these 3 combined make the appearance of big and sucessfull projects possible.

Question: What are the advantages offered to developers and what all additional assistance are offered to them?? What are your plans for launching voting

Answer by Gleb: I have already described the advantages. If the project seems interesting to us I am ready to personally help it launch on MetaHash.
Voting is ready and will be launched in the coming weeks.

3. Live Telegram Questions

Question: Where did you get the inspiration for this unique project idea? And What influence will we have on the crypto industry due to the project?
Because I wanted very much a fast DEX to exist.
Answer by Gleb: In future I hope the project will become fully independant from me and will live it's life through the voting system that we have created.
There will always be some project team that is now coded in MetaHash core that will be selected by voting.

Question: Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?
Answer by Gleb: We don't try to convince anybody. We continue working on the project and at some point the market will appreciate that.

Question: What #themetahash revenue model? In which ways do you generate revenue/profit?So many projects just like to speak about the "long term vision and mission" but what are your short terms objectives? What are you focusing right now?
Answer by Gleb: MetaHash is a non-profit project. The commissions from node-operation and delegetions go to node operators and delegators including MetaHash foundation. The funds of MetaHash are controlled by the team selected by voting and used for the benefit of all comunity.
"Profit" for coin owners are the commissions that will appear with tokens and dex that will be distributed to coin delegators and node operators
Short-term we are launching tokens/nft/dex to boost project's fundumental economical value

Question: What do you think about Asia's market? Is your team planning to reach other countries with potential crypto markets, and big teams and investors want to work and cash in on crypto?
Answer by Gleb: Asian market is of course big. I have been in Bejing and Singapore and HongKong explaining to a lot of people what MetaHash is about. As the development comes to a stage where my time will be more effective at conferences and not at development - I will continue, but now development is the priority

Question: Your project plans to operate in a public and transparent way, which is good, but how involved will the community be within the project to make the best decisions and thus strengthen the ecosystem...?
Answer by Gleb: Key decisions in the future will be made by voting that we will release now including selecting the team that has access to project funds and a plan on how to spend them for benefit of all coin holders.

Question: Can I buy your tokens right now and also which wallet do you support?
Answer by Gleb: MHC is a coin. Some exchanges like CEX support staking MHC right on the exchange. MetaHash has also official walltets and wallets made by community.

Question: There is a cancer in cryptocurrencies today which is SECURITY, please how secure is the Metahash proposed D- Domain , NFT tokens, DeFi and Dex? Explain more on the Smart token and bridge to Ethereum using Token Echo technology?
Answer by Gleb: We try to concentrate more important things in MetaHash core code to improve security leaving only the rest 1% to smarts. So first we try to integrate 99% of features in smart-tokens that are created without programming knowledge

Question: Marketing is a central element of every project, so everyone knows that the goal that a project can bring is important to achieve. Now what is your strategy for attracting new users and investors to your project and keeping them long-term?
Answer by Gleb: There were a couple of questions like this. Direct marketting doesn't really work in crypto now.
But what does is making something awesome that the market needs and starts talking about. We finish the base this year and start moving towards features that bring attention to us. Of course we want more and bigger exchanges too, but as a core-project member I can't tell anything about the talks in progress or it can lead to negotiation termination.

Question: Does your great project support staking program? If yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?
Answer by Gleb: Yes the rewards are distributed between everybody. It's too complex to describe it here but in our main chat you can get all info

Question: 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?
Answer by Gleb: Of course and it will be even more community driven after voting release

Question: How can is #themetahash get users to bet and hold the native token for predetermined periods of time to reduce volatility, what strategies can they apply to achieve this and if not, how would it affect it?
Answer by Gleb: DEX pools will be a good addition to staking

Question: Lately most projects on the Crytocurrency space are characterized by serious security issues. What steps have taken to ensure that security is not an issue here?
Answer by Gleb: It is best described in Yellow Paper. We have thought about many possible attack vektors but this process never really ends.

Question: Where did you get the inspiration for this unique project idea? And What influence will we have on the crypto industry due to the project?
Answer by Gleb: We have a great background of working with high load systems, so we kept the general blockchain structure and added our experience in cross-continental data-synchronisation to speed the chain up without compromising security.

Question: In the crypto market, there will always be projects that try to fascinate investors/users with their positive features, but whose main purpose is fraud. Could you please tell us about your qualities that clearly distinguish you from these negative and malicious projects?
Answer by Gleb: Well after 5 years of constant development I think we just need to continue :-)

Question: Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Answer by Gleb: Yes, any decisions including selecting the project team which proposes it's programm on what to do.

Question: Without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project?
Answer by Gleb: I won't we declare our next steps and release them. If we move in the right direction the market will follow, if not - it won't and we have to find another ways.

Question: Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?
Answer by Gleb: Short-term: DEX / mass-payments, long-term: billing for new projects and in offline

Question: Currently, NFT is very hot, do you think you will apply NFT technology to your products in the future?
Answer by Gleb: Yes, we plan to release NFT in Q4 2021

Question: Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I'd like to know who your ideal consumer is for your product?
Answer by Gleb: The roadmap for 2021 is a lot what our community wanted. Check the roadmap

Question: Serious issues with rug pulls from tokens are seen lately.... How secure are our funds, are the investments safe?
Answer by Gleb: That's why we release smart-tokens where they will be managed by network core code

Question: How important is the community to you? and how can we collaborate or help you for the development of the project?
Answer by Gleb: Our community helps a lot with the project. This AMA here was organised by our community. I wish I could dedicate more time helping the community iniciatives at some point.

Question: In the Crypto industry, what do you think of the current state? What do you think that needs to be improved?
Answer by Gleb: We are getting to the point where WallStreet gets to take crypto seriously due to DEX/DEFI success and this will only increase in the feature. Trading is a huge part of world economy and DEXes have the possibility to bring it to any person without limitations. Currently a big problem for crypto are regulators but with increasing popularity of DEXes it will change.

Question: How easy your $token is to trade token? There are many tokens that have to be hung to trade. What is the speed of trade of your $token?
Answer by Gleb: We do have some really fast exhanges that have deposits/withdrawals almost instant. In our DEX it will be insanelly fast

Question: A lot of defi users are not English-first as you surely know - one user wanted to know if you plan to expand to non-English areas from a marketing point of view?
Answer by Gleb: Of course, we hope the interfaces of DEX will be in all languages in the feature.

Question: Can you give an overview of your Tokenomics, and the UTILITY of Token?
Answer by Gleb:

• mass payments and commissions on them
• DEX commisions
• liquidity pool locks
• information storage comissions
  All commissions are distributed between coin owners and node operators.
  We aim to create a healthy economy inside metahash and voting based project operation that functions a lot like publicly traded companies.

These were all the questions that were asked, stay tuned for another AMA soon!

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Read more about #MetaHash on https://www.metahash.org and https://www.mhc.zone