AMA Recap Crypto Library with Listen Token
On 27th September 2021, Listen Token conducted an
AMA in the Crypto Library Community. Our guest is Andrew Moore. Lots of
questions as usual from the Community about Listen Token progress. The Listen Token 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 Listen Token.
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?
Andrew Moore (Listen Token) : Hello my name is Andrew Moore and I'm the Head of Listen Token Community, and as the cryptic job title suggests, I'm responsible for looking after the LSTN token community. I'm also the bridge between the Listen Token and Listen Campaign teams, and the community managers and the community at large. I've been in the crypto space since 2016 and have been building online communities around various interests since 2010.
FIRST SEGMENT (HOST)Crypto Library Team : What is the simple definition of Listen Token?
Andrew Moore (Listen Token) : $LSTN is a social impact token that grants exclusive access to purchase rare NFTs of some of the most recognised names in film, music, art and literature, and a ton of other benefits.
It is social impact because the NFT sales helps fund the Listen Campaign to help the world's 1 billion vulnerable and disadvantaged children.
The Listen Campaign is a global and annual fundraising campaign that will include over 100 of the world's most recognised actors, musicians, artists and writers, and through our partnerships with some of the world's biggest broadcasters will reach an audience of 500 million people. The Zenith of each year's campaign will be the global fundraising broadcast "Listen Live", which in 2022 is being held in The LA Coliseum, one of largest stadiums in the world, on June 20th, 21st and 22nd, and will also be broadcast to 100s of millions around the world.
It is social impact because the NFT sales helps fund the Listen Campaign to help the world's 1 billion vulnerable and disadvantaged children.
The Listen Campaign is a global and annual fundraising campaign that will include over 100 of the world's most recognised actors, musicians, artists and writers, and through our partnerships with some of the world's biggest broadcasters will reach an audience of 500 million people. The Zenith of each year's campaign will be the global fundraising broadcast "Listen Live", which in 2022 is being held in The LA Coliseum, one of largest stadiums in the world, on June 20th, 21st and 22nd, and will also be broadcast to 100s of millions around the world.
Crypto Library Team : Could you tell us about $LSTN token? What are the token use-case, distribution, and where we can buy it?
Andrew Moore (Listen Token) : Sure… I'll start with the numbers:
$LSTN has a fixed supply of 1 billion.
The token allocation is as follows:
- 9% are for Community Rewards
- 16% for the team
- 34% for the Listen Campaign
- 35% was for private sales
- 4% is for the Launchpads
- 2% is for the Public IDO
And all allocations tokens (except any future public sales, like IDOs) are subject to vesting schedules which can be found on www.listentoken.com.
The first opportunity to buy LSTN (at a private sale price) will be in our Launchpool AME which is happening on October 4th, and after that it will be in our public IDO later in October.
On to the utility… there's a lot to write, but I'll give you some of the biggest things:
So among many other benefits, $LSTN will grant exclusive access to the rare NFTs we will be auctioning off on the 'Listen Collectibles Auction and Shop'. These NFTs will feature over 100 of the world's most famous stars taking part in our campaign each and every year—and to be able to participate in the auctions you will have to hold Listen Tokens ($LSTN).
So holding $LSTN grant lots of benefits:
- The right to bid for the Star Creative Artist’s NFTs in the monthly auctions (which are only open to $LSTN holders), and the more tokens you hold, the better access you get.
- ‘Silver Badge’ status for every 250,000 to 499,999 $LSTN staked for 30 days, entitles the user to a five percent discount on their purchases in the Listen Collectibles Auction and Shop.
- ‘Gold Badge’ status for every 500,000 + $LSTN staked for 30 days, entitles the user to a ten percent discount on their purchases in the Listen Collectibles Auction and Shop.
- The right to vote for the winners of The Listen Creative Arts Awards.
- The accrual of Listen Points (Listen Points are the loyalty reward system of the Listen Campaign and provide each holder with exclusive benefits and prize entries, including discounts on tickets, merchandise and Pay Per View streaming):
- - Users who “stake” 5,000 $LSTN on the official Auction and Shop site will earn 100 Listen points per month (per 5,000 $LSTN staked).
- - Users who purchase Collectibles in the Auction Site and Shop will be rewarded with Listen Points.
- Automatic entry into a lottery to win two 'Private View' tickets to watch the whole of “Listen Live LA” involving at least 28 star musician, 12 film stars and world leaders on Monday, June 20th, 2022 at the LA Coliseum, whilst dancing and having a banquet on the field, with the stars, their friends and families. 100 tickets will also be allocated for $LSTN holders.
- A free ticket for the global streaming of 'Listen Live Plus' on June 22nd 2022 if the token holder has staked over 10,000 $LSTN for the 30 days preceding June 15th 2022.
- And some really exciting staking uses we are currently developing that we will be announcing soon :)
$LSTN has a fixed supply of 1 billion.
The token allocation is as follows:
- 9% are for Community Rewards
- 16% for the team
- 34% for the Listen Campaign
- 35% was for private sales
- 4% is for the Launchpads
- 2% is for the Public IDO
And all allocations tokens (except any future public sales, like IDOs) are subject to vesting schedules which can be found on www.listentoken.com.
The first opportunity to buy LSTN (at a private sale price) will be in our Launchpool AME which is happening on October 4th, and after that it will be in our public IDO later in October.
On to the utility… there's a lot to write, but I'll give you some of the biggest things:
So among many other benefits, $LSTN will grant exclusive access to the rare NFTs we will be auctioning off on the 'Listen Collectibles Auction and Shop'. These NFTs will feature over 100 of the world's most famous stars taking part in our campaign each and every year—and to be able to participate in the auctions you will have to hold Listen Tokens ($LSTN).
So holding $LSTN grant lots of benefits:
- The right to bid for the Star Creative Artist’s NFTs in the monthly auctions (which are only open to $LSTN holders), and the more tokens you hold, the better access you get.
- ‘Silver Badge’ status for every 250,000 to 499,999 $LSTN staked for 30 days, entitles the user to a five percent discount on their purchases in the Listen Collectibles Auction and Shop.
- ‘Gold Badge’ status for every 500,000 + $LSTN staked for 30 days, entitles the user to a ten percent discount on their purchases in the Listen Collectibles Auction and Shop.
- The right to vote for the winners of The Listen Creative Arts Awards.
- The accrual of Listen Points (Listen Points are the loyalty reward system of the Listen Campaign and provide each holder with exclusive benefits and prize entries, including discounts on tickets, merchandise and Pay Per View streaming):
- - Users who “stake” 5,000 $LSTN on the official Auction and Shop site will earn 100 Listen points per month (per 5,000 $LSTN staked).
- - Users who purchase Collectibles in the Auction Site and Shop will be rewarded with Listen Points.
- Automatic entry into a lottery to win two 'Private View' tickets to watch the whole of “Listen Live LA” involving at least 28 star musician, 12 film stars and world leaders on Monday, June 20th, 2022 at the LA Coliseum, whilst dancing and having a banquet on the field, with the stars, their friends and families. 100 tickets will also be allocated for $LSTN holders.
- A free ticket for the global streaming of 'Listen Live Plus' on June 22nd 2022 if the token holder has staked over 10,000 $LSTN for the 30 days preceding June 15th 2022.
- And some really exciting staking uses we are currently developing that we will be announcing soon :)
Crypto Library Team : What is Launchpool? And how does it work on Listen Token?
Andrew Moore (Listen Token) : Launchpool is the first token launchpad we partnering with to give our community the first chance to get their hands on the $LSTN token at a private sale price.
The token sale event is called an Allocation Mining Event (AME) and is happening on October 4th.
We will announce the launch beforehand on our AME guestlist newsletter (which you can sign up for on www.listentoken.com), in our Telegram community (@ListenNFT) and on our Twitter (https://www.twitter.com/ListenNFT).
Launchpool AMEs typically start on Monday, and finish on Sunday or the following Monday.
Here's how the AME works:
1. You stake $LPOOL (even 1 token can participate!) to get the ability to buy $LSTN in proportion to how much $LPOOL you stake and for how long—the more and the longer you stake, the more $LSTN you will be able to buy at early-round prices.
2. Once allocated, stakers can choose to buy $LSTN with USDC.
3. When the AME ends your LPOOL will be returned to your address automatically.
4. Your purchased $LSTN will then be released to you according to a 25% a month vesting schedule (which protects people who buy later at a higher public price)
The token sale event is called an Allocation Mining Event (AME) and is happening on October 4th.
We will announce the launch beforehand on our AME guestlist newsletter (which you can sign up for on www.listentoken.com), in our Telegram community (@ListenNFT) and on our Twitter (https://www.twitter.com/ListenNFT).
Launchpool AMEs typically start on Monday, and finish on Sunday or the following Monday.
Here's how the AME works:
1. You stake $LPOOL (even 1 token can participate!) to get the ability to buy $LSTN in proportion to how much $LPOOL you stake and for how long—the more and the longer you stake, the more $LSTN you will be able to buy at early-round prices.
2. Once allocated, stakers can choose to buy $LSTN with USDC.
3. When the AME ends your LPOOL will be returned to your address automatically.
4. Your purchased $LSTN will then be released to you according to a 25% a month vesting schedule (which protects people who buy later at a higher public price)
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?
Andrew Moore (Listen Token) : Sure :) Well the first milestone we are gearing up for is the launch of our $LSTN token on Launchpool on October 4th.
Later in October the 'Listen Collectibles Auction and Shop' is launching, where we'll be auctioning off NFTs made from our founder and CEO Tony Hollingsworth's media archive taken from the past nine global broadcast events we produced. These include 'Nelson Mandela’s 70th Birthday Tribute' which called for Mandela’s release, 'The Wall - Live in Berlin' which celebrated the fall of the Berlin Wall and the reunification of the two Germanies, and 'Nelson Mandela: An International Tribute to a Free South Africa' which celebrated Mandela’s release.
These auctions will take place every few weeks until we get to the end of March when we announce the 100+ stars involved in The Listen Campaign, and then we will begin auctioning off NFTs from their contributions. These are top film stars, music stars, visual artists and novelists—80 that are famous around the world and 20 that are big in India, Africa, Latin America and the Middle East—and we'll be announcing who they are at the end of March 2022!
Then as the campaign rolls out, we will ask the community to also create for the campaign too and many of these pieces will also be made into NFTs and gain exposure to 100s of millions of people.
Later in October the 'Listen Collectibles Auction and Shop' is launching, where we'll be auctioning off NFTs made from our founder and CEO Tony Hollingsworth's media archive taken from the past nine global broadcast events we produced. These include 'Nelson Mandela’s 70th Birthday Tribute' which called for Mandela’s release, 'The Wall - Live in Berlin' which celebrated the fall of the Berlin Wall and the reunification of the two Germanies, and 'Nelson Mandela: An International Tribute to a Free South Africa' which celebrated Mandela’s release.
These auctions will take place every few weeks until we get to the end of March when we announce the 100+ stars involved in The Listen Campaign, and then we will begin auctioning off NFTs from their contributions. These are top film stars, music stars, visual artists and novelists—80 that are famous around the world and 20 that are big in India, Africa, Latin America and the Middle East—and we'll be announcing who they are at the end of March 2022!
Then as the campaign rolls out, we will ask the community to also create for the campaign too and many of these pieces will also be made into NFTs and gain exposure to 100s of millions of people.