AMA Recap Crypto Library with BerryStore


On 13th September 2021, BerryStore conducted an AMA in the Crypto Library Community. Our guest is Bae Lee. Lots of questions as usual from the Community about BerryStore progress. The BerryStore 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 BerryStore.

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?

Bae Lee (BerryStore) : My name is Bae Lee. My role is CEO. I had work experience of working as a listing coordinator for nearly 2 years. Now, I am in charge of all aspects of international business. Our platform is seeking for global expansion; I am very happy to work in this project.
Crypto Library Team : What is BerryStore? and how is the background/reason behind the BerryStore project creation?

Bae Lee (BerryStore) : Berry Store is a donation auction platform using blockchain technology. Celebrities, YouTubers, athletes, and influencers can participate in Berry Store's donation projects, receive rewards, and build good images. Fans can buy their favorite celebrities’ items and talents. Eventually, celebrities will create a new donation paradigm with their fans. Through the Berry Store's auction system, celebrities can trade goods or talents to fans or to the general public. We believed K-pop would be in a boom, and now it is. Many people believe that celebrities are like “divine being”, very hard to reach in real life. We would like to offer an application where general publics can have chances to have celebrities’ items and services in real life more easily. If you need more details, please download our application and check!
Crypto Library Team : Could you give us some reason why should we choose BerryStore than other project out there?

Bae Lee (BerryStore) : K-pop is on trend now. Our project is dealing with K-pop related stuff. Furthermore, we implemented donation to boost participation. In Berry Store, some of proceeds will be donated transparently. In seller’s (celebrity) perspective, by participating in Berry Store, they can get gratuity, at the same time, they can build good images. In fan’s perspective, they can get their favorite star’s items and talents. Fans purchase would become their favorite stars’ donation that boost their star’s image. If a celebrity has a strong fandom, then fans are most likely to participate in the auction.

Crypto Library Team : May we know how many celebrities have joined the BerryStore?

Bae Lee (BerryStore) : Approximately, 90 celebrities have joined Berry Store. Among them, there are top celebrities such as Super Junior, Haha, and Astro. If you want to hear news about upcoming celebrities and our project news. Please join our community!
Crypto Library Team : Please tell us about $BERRY token! What are the token use-case, distribution, and where we can buy it?

Bae Lee (BerryStore) : Users can participate in various contents and events to get free Berry. Also, they can buy Berry token from global exchanges and transfer it to Berry wallet to use. We are currently listed in Gopax, and Digifinex. We will be listed in Whitebit soon. Users can participate in mostly all contents of Berry Store with BERRY token. They can participate in the auction of celebrities’ goods, they can buy celebrities’ talents (service), they can exchange Berry with other products such as coupon and gift card, they can apply to raffle to have a chance to get expensive items. We have use cases. For more details, please check our whitepaper:
Crypto Library Team : Could you give us some information about your Milestones, and also your future plans?

Bae Lee (BerryStore) : Our number of users is reached approximately 200,000. The number of users is increasing steadily. However, our users are mostly domestic users; we will secure global users by recruiting celebrities overseas. Our celebrity pool has been increasing. We started to recruit top celebrities compared to the very beginning. We will expand our pool overseas.
Crypto Library Team : What I saw at the BerryStore, really took advantage of the power of K-Pop or Korean culture in it which was becoming a hype in the world. Can you tell us more about the project's token economy? What utilities do tokens have and what benefits will token holders get?

Bae Lee (BerryStore) : Let me skip to tell you about token economy. For holders benefit. I want to mention that we are planning to burn up to 20% of Berry token used in the auction. This burning policy will appreciate the token price in the long run. Now, we also give chance to holder to exchange Berry with a node that users can mine Zeroone Coin. We belive that we have to give benefits to holders, so we are keep bringing up this topic in the meeting many times. Please wait until we bring some.

Crypto Library Team : What I read in your Whitpaper, BERRY uses the luniverse blockchain, for some people outside of Korea it may be a bit foreign, will your project be on the BSC or ETH Blockchain in the future? And in your roadmap, will BERRY be launching on the domestic Exchange? is it only available in the Korean market?

Bae Lee (BerryStore) : Wow, I am very impressed that you went through our Whitepaper. Thank you for paying attention to our project. Our mainnet luniverse is currently getting difficulty to handle the amount of transaction accured in our platform. For this reason, this topic had showed up during our meeting recently. We might change our mainnet or might not. We are seeking an opportunity to list in domestic, big exchanges as well as global exchanges.
Crypto Library Team : Will Berry Store carry out global expansion such as to Asian countries which are the most popular K-pop and will there be top celebrities who will be recruited by Berry Store?

Bae Lee (BerryStore) : Our next target countries are east asian countries where ,as you said, the k-pop is really popular. We will try to recruit top celebrities to secure their fandom to our users.

Crypto Library Team : BERRY STORE serve as a Broker agent between Celebrities & ordinary people that facilitate to purchase celebrities cherished items & have a meal with celebrities. But users need minimum 100,000 BUSD to have a meal with them. Why is it too much cost per a meal?

Bae Lee (BerryStore) : Right, we serve as a broker agent. But, not all meal ticker will be traded under auction system. Some of the meal ticket will be traded under raffle system (if celebrity agrees).

Crypto Library Team : Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?

Bae Lee (BerryStore) : Yes, we are running our youtube channel, and here is the tutorial guide:
Crypto Library Team : Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?

Bae Lee (BerryStore) : Yes we do, as I mentioned before, we have a plan to burn up to 20% of token used in the Berry Store contents.

Crypto Library Team : Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?

Bae Lee (BerryStore) : Please, refer to my message to Martinez.