AMA Recap Crypto Library with CAG3

                                        

On 03rd September 2021, CAG3 conducted an AMA in the Crypto Library Community. Our guest is Abu Bakr. Lots of questions as usual from the Community about CAG3 progress. The CAG3 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 CAG3.

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?

Abu Bakr (CAG3) : I am Abu-Bakr, from Nigeria. I have been in the space since 2018, studying and following the trends. I have been able to work with aa few projects in the past. I co-founded scrate.io an African blockchain educational platform. I am currently involved in a few projects as well. I focused mainly on DeFi tech and love exploring new innovation in the space. The past few years have been a learning process, all of which sums up to the creation of cag3.io.
FIRST SEGMENT (HOST)
Crypto Library Team : What is C4G3? and is the story behind the C4G3 project creation?

Abu Bakr (CAG3) : C4G3 is the meme spelling for the word CAGE which simply refers to confining things in an enclosed area. In our own definition, C4G3 is used to represent the combining of top assets to generate high economic rewards. Looking at the explosive gains and exposure the meme ecosystem has witnessed over the past few months, we saw the need to have something similar to the S&P 500 or what DeFi Pulse and Indexed finance are doing but specifically designed for meme tokens, that's why C4G3 was created.

Crypto Library Team : Could you give us some reason why we have to choose C4G3 than other project out there?

Abu Bakr (CAG3) : C4G3 is aiming to unite top meme tokens and communities and create something unique for investors looking for the next Dogecoin or Shiba to have one single asset that reduces the time and other resources needed in finding the next meme token that will have explosive gains. Putting the top memes together in one pool generates a rippling effect for our token C4G3 to increase volume and increase liquidity. With its limited supply of 100000000 and non deflationary nature, $C4G3 token might become more scarce than most deflationary token out there overtime.

Crypto Library Team : Please tell us about CAGE $C4G3 token! What are the token use-case, distribution, and where we can buy it?

Abu Bakr (CAG3) : C4G3 is a standard ERC-20 token with no tax, it's the governance token for the ecosystem, can be used to mint the index token and it's also included in the index. It is the only irreplaceable token in the index. We will work to add more use cases in the future. C4G3 has a total supply of 100 million of which 38 million are locked in a contract on Unicrypt. The remaining 62 million are in the hands of the community and the liquidity pool on Uniswap and Shibaswap. Around 2% of the total supply is held by the deployer. C4G3 can be bought on:
  • Uniswap
  • Shibaswap
  • Tokpie
In the future, there is a certainty that the Index pool will be more than one and as a result, $C4G3 will feature in every existing pools on our Index platfrom, creating more rippling effect for $C4G3.

Crypto Library Team : Please share some information about your roadmap, your recent progress, and your future plans?

Abu Bakr (CAG3) : Our roadmap has been divided in Phases and the first phase has been completed with the current phase which includes marketing ongoing. Marketing isn't only fixed in the second phase alone since it's a recurring aspect of every successful project. We expect to have the index with its dashboard live in the next phase, staking and governance will follow thereafter. Details about the roadmap can be found on cag3.io.
SECOND SEGMENT (TWITTER)
Crypto Library Team : What else does the $CMI token do other than being designed to track the performance of the top five meme tokens and stablecoins? can the $CMI token be used for staking too?

Abu Bakr (CAG3) : The biggest job of the $CMI is to tract the Index assets, this alone is worth more, With so many things planned we can disclose any other usecase for $CMI as we discuss, but during the course of developments, revelations about further use-cases for $CMI will made.

Crypto Library Team : May I know $CAGE criteria in entering the meme token into the meme index token?

Abu Bakr (CAG3) : Here's a link to the criteria which is updated from time to time. After governance is live, community members can propose and decide on more criteria: 
Crypto Library Team : So many project use "burning system" to removes tokens from the available supply and increasing its relative scarcity. Does CAGE team implement $C4G3 token burning? and how the mechanism of $C4G3 burning? 

Abu Bakr (CAG3) : $C4G3 doesn't charge any tax on transaction either burning or fee, Our supply is limited already. However, if there will be another mechanism to further reduce the current supply, it will be announced.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Do you have any plan to partner with big exchange this year? What is your marketing strategy to attract users NFT?

Abu Bakr (CAG3) : We are already listed on one of the top rated exchanges in the world. However, the future holds many possibilities so we can't really say for sure. NFT: It is true that NFT is among the trending topics in the entire ecosystem, While we can't give more info on this, I can safely say that we are looking into certain NFT integrations / developments.

Crypto Library Team : How, or through which big partnerships do you plan on utilising to pass your product onto the normal - especially non-crypto people?

Abu Bakr (CAG3) : As we speaks, quite a lot is currently being done in terms of marketing, no partners or firm can be mentioned, but marketing is among our priority. Even though this wasn't part of our current roadmap, but we have already figured certain ways to introduce CAG3 to the non-crypto investors. No more details can be given at the moment.

Crypto Library Team : Does #C4G3 has guide videos or step-by-step instructions on how would the users fully navigate and utilize your products, services and platform? If so, can you share the instructions to us?

Abu Bakr (CAG3) : At the moment, we do not have any step by step video, however, we will look into making one once our dashboard is live.

Crypto Library Team : Which one of these aspects is important for you?
1-Increasing Token Price & Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
  In what order? 

Abu Bakr (CAG3) : They are all important to us, and we are ensuring that we execute all on the list. However, they come with different level of priority.

Crypto Library Team : Can you List 1-3 Killer features of your PROJECT that makes it ahead of Competitors? What is the Competitive Advantanges your platform Has that you Feel most Confident about?

Abu Bakr (CAG3) : Here it is:
  1. Among the main advantage is that It is the first of it's kind, in terms of implementation, first mover advantage.
  2. CAG3 will always develop with the entire system, I mean it can easily be integrated in any new innovation or invention.
  3. It's extremely limited, compare to the meme scope of supply.
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