AMA Recap Crypto Library with SolDate


On 13th June 2021, SolDate conducted an AMA in the Crypto Library Community. Our guest is Sid. Lots of questions as usual from the Community about SolDate progress. The SolDate team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into SolDate.

Let’s take a look at the most interesting points of our conversation.

Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Sid (SolDate) : Me myself, is one of the co-founders and tech lead of SolDate. I started with Crypto in 2017 and have been in this area full time ever since. I started with DeFi and NFTs on ethereum early last year. My partners (we are 4 in our team) 2 Devs, one business manager and me. They have a background as Full stack developer and solidity developer, able to code smart contracts and implement new features to our platform.
Crypto Library Team : What is SolDate? and how is the story/reason behind the SolDate project creation?

Sid (SolDate) : SolDate is the first ever online dating platform built on a Blockchain. 
 SolDate has been existing in my mind since 2018. It's origin and need have two reasons, one is the problem with dating platforms and second is the problems we face while achieving mass adoption of Blockchain and Crypto.

Dating platforms are completely different type of social media, people often share sensitive information which they never share on other social media networks. Current dating platforms are not able to provide data security and privacy violations are a common problem. Recently a Japanese dating app was hacked exposing user data of nearly 20mn users. With SolDate that's never gonna happen since we will be using a decentralized data storage.

Regarding mass adoption, a newbie who has never been in the Crypto space, will find himself in a difficult situation when he gets to know that he will require knowledge about trading, investing and complex DeFi strategies to be in this space. SolDate is like any other dating platform, no difficult strategies, no need of trading and investing knowledge, anyone who has used a dating platform can use SolDate while learning about Blockchain and Crypto. Hence making it simple for non native Crypto users to use and experience Blockchain.

Crypto Library Team :  Could you give us some reason why we have to choose SolDate than other projects out there?

Sid (SolDate) : If we look at other platforms the risk of using them is too high. They can't guarantee you complete data security and we keep hearing about data breaches and hacks every now then. The trackers they use for showing ads are privacy violating and users feel like they are under surveillance. SolDate will be using a decentralized data storage and can assure our users that our platform is completely immune to data breaches and hacks. Some of the outstanding features are mentioned below, 
  1. No fake profiles, as SolDate will use a AI based live human verification.
  2. An isolated system from other social networks, providing more security to user data.
  3. NFT Integration, digital art can be a good medium to start a conversation or expressing your feelings with a immortal gift stored on Blockchain.
  4. VR integration, A Virtual Date will be a perfect solution if a user is feeling unsafe about going on a date with a stranger they met online for the first time.
Many more features will be added as we move forward with time.

Crypto Library Team : Please tell us about $DATE token! What are the token use-case, distribution, and where we can buy it?

Sid (SolDate) : $DATE is our native utility token based on Solana. $DATE is the soul of SolDate, it has many different utilities mentioned below:
  1. Incentivizing users: rewarding users on finding a match.
  2. Maintaining Governance: decisions to integrate new features and platform development.
  3. Self sustaining platform: Using $DATE to self-sustain the platform.
  4. Loyalty program: User reach based on amount of tokens held.
  5. Fuel for NFT marketplace: Minting and Trading NFTs.
  6. Swipes and Invites: Controlling basic functions of the platform.
$DATE makes SolDate self sustaining hence users don't have to pay for any of the platform bills. $DATE is not minted yet, but users will be able to buy it through multiple DEXs and CEXs.

Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Sid (SolDate) : We are on the right track as per the roadmap. We have finished structuring the matchmaking algorithm which is a crucial component of the platform. We are about to publish our whitepaper in next week plus a prototype is coming soon. Regarding future plans, we have planned the beta testing schedule which will be carried out as soon as we finish building a beta version. We will be using whole Q3 for testing SolDate's security and privacy features.
Crypto Library Team : I read that SolDate will release its own NFT Marketplace, Could you explain more about this marketplace? Can I sell my own NFTs in that marketplace? Are there any certain requirements for users who want to buy and sell their NFTs in that marketplace?

Sid (SolDate) : Our concept of a NFT marketplace is completely different than any other marketplaces out their. Till now, we used these marketplaces for connecting great artists with their potential customers while our NFT marketplace is designed and being built for users. We believe that, though every person can not become a great artist but everyone can express their feelings with art. So there will be no requirements to use the NFT marketplace, everyone can mint, buy and sell NFTs. But we will also provide a platform to renowned artists for trading their art.

Crypto Library Team : I could see that there will be many advantages for DATE holders in relation to accessing the features of your app. But is it mandatory to be a holder? Will users be able to test the application for free and access the basic functions?

Sid (SolDate) : We are building SolDate to make online dating completely free while providing users a safe and secure environment. Holding $DATE is not a compulsion and anyone can use the app without holding any tokens. Holding $DATE unlocks some extra features like more platform reach, NFTs and sending a direct Invite but that won't restrict anyone from using the app.

Crypto Library Team : How does #SolDate ensure that there will be no data leaks, no safety and security issues and no fake profiles? What kind of problem we could be face when using an online dating app? What are your competitive advantages and outstanding features?

Sid (SolDate) : The most important factor that most of the users are concerned about while using a dating platform or any other social platform is privacy. Privacy violation is the major issue on such platform. Privacy violations include:
  • Getting personal devices hacked
  • Stealing of data
  • Installing code on apps and websites to keep eye on users' activity and show them relevant ads based on their activity
  • Selling data to third parties
In order to prevent these types of privacy violation practices, SolDate as being a dApp, it will use a decentralized database instead of a centralized one hence securing user data. SolDate has competitive advantages over contemporary dating platforms those including the following:
  • AI face verification for avoiding fake accounts
  • No advertisements and no memberships
  • Blockchain Integration
  • Inbuilt NFT marketplace
  • VR support
Crypto Library Team : Is there any option to customize incoming profiles which i would like to view preference accordingly by filtering like (height, activities, hobbies)?

Sid (SolDate) : Yes, our matchmaking algorithm is designed as to show the most relevant profiles as per user preferences. As the algorithm learns more about an user' choices, it will show most appropriate profiles. It can be explained as, if a user prefers people who likes dogs and sets his preference as such, he will only see profiles who also like dogs. Yes, you can also use physical characteristics like height and weight to set your preferences.
Crypto Library Team : Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?

Sid (SolDate) : That's why we will not be integrating any of the DeFi features into SolDate,cause we think that whenever there's money involved, people are most likely to feel unsafe.

While we will be using functions like liquidity mining but that will not be from our end. 
Our platform and smart contract will undergo multiple audits before launch plus we will be having a scheduled audit every six months.

Crypto Library Team : Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand this project?

Sid (SolDate) : Yes, Love don't have a language it's a language itself. We will be expanding our platform to every possible country and will be launching SolDate in every launguage. We will also build a local community support system to help users.

Crypto Library Team : Is Soldate application free to use anywhere ? any restictions, can i change location for matches?

Sid (SolDate) : Yes SolDate will be free to use from anywhere. We will not implement any other restrictions than age.  And you can change your preferred location any time.

Crypto Library Team : Marketing strategy is very important for every projects. A products be established on the market without marketing & promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?

Sid (SolDate) : Yes, we have planned our marketing strategy by studying current trends and user interests. We will be using other social media networks like Instagram, YouTube and twitter for extensive marketing exposure.

Crypto Library Team : As a potential investor, I'd like to know how secure your project's security system is. and what advantages would I have in the future if I decide to join the project you are now working on?

Sid (SolDate) : We will be using complete Q3 for testing our security systems. I think with that much time and extensive examination we will be able to eliminate every possible bug from our security systems.