AMA Recap Crypto Library with Bakumatsu
On 21st September 2021, Bakumatsu conducted an
AMA in the Crypto Library Community. Our guest is Yamaguchi Yu. Lots of
questions as usual from the Community about Bakumatsu progress. The Bakumatsu 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 Bakumatsu.
Let’s take a look at the most interesting points of our conversation.
INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?
Yamaguchi Yu (Bakumatsu) : Hello! I’m Yamaguchi Yu . I was an e-sports enthusiast at the beginning and later joined the e-sports team. The Pro E-sports Team 野良連合. I led performed well in a lot of major international e-sports competitions, and eventually became one of the best esports team in Asia. Then I created PACkage, the company with the largest traffic within Japan’s game field, leading more friends to join the e-sports industry.
FIRST SEGMENT (HOST)Crypto Library Team : What is Bakumatsu Finance? and how does it work?
Yamaguchi Yu (Bakumatsu) : Inspired by some of our good friends, we have participated in the production and maintenance of the Bakumatsu (Ryoma) project. Now I’m the CEO of Ryoma.
Bakumatsu Finance is an aggregated gaming, game launching, and asset-transaction platform, so-called GameFi DAO. Within Bakumatsu Finance, you can enjoy games with the Game Center, trade game tokens with BakumatsuSwap, trade game props, mint and sell personalized NFT in the virtual store. Through NFTs, RYMA token, and Token X-, Bakumatsu Finance has provided a one-for-all solution for gaming tokens, serving the entire gaming ecosystem and enabling each of this ecosystem’s participants. Bakumatsu Finance is a blockchain game application exploration that combines NFT and DeFi .
Bakumatsu Finance is an aggregated gaming, game launching, and asset-transaction platform, so-called GameFi DAO. Within Bakumatsu Finance, you can enjoy games with the Game Center, trade game tokens with BakumatsuSwap, trade game props, mint and sell personalized NFT in the virtual store. Through NFTs, RYMA token, and Token X-, Bakumatsu Finance has provided a one-for-all solution for gaming tokens, serving the entire gaming ecosystem and enabling each of this ecosystem’s participants. Bakumatsu Finance is a blockchain game application exploration that combines NFT and DeFi .
Crypto Library Team : What makes Bakumatsu Finance different from all other project out there?
Yamaguchi Yu (Bakumatsu) : Supplement: Bakumatsu Finance is a blockchain game application exploration that combines NFT and DeFi ,
1) Bakumatsu Finance’s economic system consists of homogenization Token X and NFTs(weapons, props, and other non-homogeneity assets). Interactions can be freely achieved through BakumatsuSwap and the virtual store. Users can participate in asset liquidity mining in BakumatsuSwap to obtain RYMA tokens.
2) The NFTs we will launch will not only be for collection and transferring properties. Their practical-use values will be reflected through the game. We will also develop a series of different types of games around these NFTs to increase the varieties of Bakumatsu Finance and amplify the concepts of metaverse or Gamefi. As a result, the playability and profitability will reach a balance and the players will also have more Play-to-Earn options.
3) In order to increase the liquidity of NFTs, we’ve also set up an automatic blind box auction system and a lending system.
4) Ethereum network’s congestion problem makes its gas costs remain at a high level ,which has become an important reason restricting its development. Before it completes its ETH2.0 upgrade, we will provide solutions based on ZK-Rollup Layer2, providing users with a low-loss, high-performance experience.
1) Bakumatsu Finance’s economic system consists of homogenization Token X and NFTs(weapons, props, and other non-homogeneity assets). Interactions can be freely achieved through BakumatsuSwap and the virtual store. Users can participate in asset liquidity mining in BakumatsuSwap to obtain RYMA tokens.
2) The NFTs we will launch will not only be for collection and transferring properties. Their practical-use values will be reflected through the game. We will also develop a series of different types of games around these NFTs to increase the varieties of Bakumatsu Finance and amplify the concepts of metaverse or Gamefi. As a result, the playability and profitability will reach a balance and the players will also have more Play-to-Earn options.
3) In order to increase the liquidity of NFTs, we’ve also set up an automatic blind box auction system and a lending system.
4) Ethereum network’s congestion problem makes its gas costs remain at a high level ,which has become an important reason restricting its development. Before it completes its ETH2.0 upgrade, we will provide solutions based on ZK-Rollup Layer2, providing users with a low-loss, high-performance experience.
Crypto Library Team : Please tell us about $RYMA token! What are the token use-case, distribution, and also where we can buy it?
Yamaguchi Yu (Bakumatsu) :
45% for BakumatsuSwap liquidity mining, to reward long-term holders of Ryoma Token.
8% is used for traffic mining to encourage players’ contributions to the platform
15% is used for team incentives, to be released in four years, locked in the first year, and 5% released every year since the second year.
8% is used for ecosystem construction, locked through smart contracts, and the way of use can be decided by community voting.
22% will be sold in the primary and secondary markets, and the unsold tokens will be automatically destroyed after the sale period.
1% will provide initial liquidity for RYOMA and be used for decentralized trading platforms such as BakumatsuSwap and Uniswap.
1% will be allocated to consultants
The Ryoma token ($RYMA) has been listed on Uniswap, people can purchase $RYMA on https://app.uniswap.org/#/swap
Smart Contract address:
8% is used for traffic mining to encourage players’ contributions to the platform
15% is used for team incentives, to be released in four years, locked in the first year, and 5% released every year since the second year.
8% is used for ecosystem construction, locked through smart contracts, and the way of use can be decided by community voting.
22% will be sold in the primary and secondary markets, and the unsold tokens will be automatically destroyed after the sale period.
1% will provide initial liquidity for RYOMA and be used for decentralized trading platforms such as BakumatsuSwap and Uniswap.
1% will be allocated to consultants
The Ryoma token ($RYMA) has been listed on Uniswap, people can purchase $RYMA on https://app.uniswap.org/#/swap
Smart Contract address:
0x2b8a66201665cd8c36ab9f39127221847110aa8e
Crypto Library Team :
Yamaguchi Yu (Bakumatsu) :
Roadmap :
2021. Q2, Team formation, fundraising, project development
2021. Q3, Bakumatsu Finance 1.0 release (Swap function realization)
2021. Q4 ~ 2.0 2022.Q2 Bakumatsu Finance 2.0 release (release of specific token economic models, three or more games and NFT’s minting function, opening for public offering, realization of L2 functions)
2022.Q3 Bakumatsu Finance 3.0 (community governance, ecological expansion, integration of other mainstream public chain protocols)
Future Plans :
Over the next several weeks or months, we will widely collect feedback from our community, launch Bakumatsu Finance 2.0, and launch three games (RPG, card, and business). We will try our best to provide an excellent user experience while at the same time we will also introduce more of Japan’s broadly influencing IPs and empower Bakumatsu Finance.
Let me tell you some more good news. Ryoma will officially work together with the popular Japanese actress 桃乃木かな (Kana Momonogi, Twitter @Kana_Momonogi). Soon we will launch a big campaign with her, and give a great bonus to our users. Stay tuned!😁
2021. Q3, Bakumatsu Finance 1.0 release (Swap function realization)
2021. Q4 ~ 2.0 2022.Q2 Bakumatsu Finance 2.0 release (release of specific token economic models, three or more games and NFT’s minting function, opening for public offering, realization of L2 functions)
2022.Q3 Bakumatsu Finance 3.0 (community governance, ecological expansion, integration of other mainstream public chain protocols)
Future Plans :
Over the next several weeks or months, we will widely collect feedback from our community, launch Bakumatsu Finance 2.0, and launch three games (RPG, card, and business). We will try our best to provide an excellent user experience while at the same time we will also introduce more of Japan’s broadly influencing IPs and empower Bakumatsu Finance.
Let me tell you some more good news. Ryoma will officially work together with the popular Japanese actress 桃乃木かな (Kana Momonogi, Twitter @Kana_Momonogi). Soon we will launch a big campaign with her, and give a great bonus to our users. Stay tuned!😁
Crypto Library Team : There are some promising DEFI/GAMEFI projects out there, like Axie, sushiswap, Gala. Could you tell us what’s the differences and relative advantages between them and what's your uniqueness and advantages? Yamaguchi Yu (Bakumatsu) : As a well-known project in Japan, Ryoma has received investment from Japan's large real estate fund " Inbest Invest “. So far, we have raised $20million worth of crypto.