AMA Recap Crypto Library with SolClout

   

 
On 13rd November 2021, SolClout conducted an AMA in the Crypto Library Community. Our guest is Sunday Adedeji and Malay Tripathi. Lots of questions as usual from the Community about SolClout progress. The SolClout 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 SolClout.

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?
 
Sunday Adedeji (SolClout) : My name is Sunday Adedeji, CMO of SolClout. I’ve been in the cryptocurrency market for a long time and all I did was discover exciting projects in the market. I have also enjoyed the marketing, writing, and communications aspects. With these, I have built series of valuable connections and gained a high level of knowledge in blockchain and cryptocurrency. I have worked with and managed marketing for several high-profile blockchain projects and a couple of Blockchain Marketing agencies. I kept looking for an exciting project until I found SolClout and this project really pulled me in. I am sure that we have established a structure that will excite you either. I am set to build a new wave in the blockchain space with SolClout and I believe it will bring a new breath and paradigm to the whole market.
 
Malay Tripathi (SolClout) : I am Malay, CEO/CTO of SolClout. I have been in the Blockchain space since 2016 and seen it evolve over time. During this period, I have had the chance to lead several blockchain projects and develop some of them myself. I co-founded a Blockchain development agency and have been experimenting with products in this space since the last few years. I have contributed to over 10+ projects and willing to do more in the future. I have been part of a social media application which was listed on KuCoin, MeCx, and Bithumb.

Since Q4 2020, I have been fully involved with SolClout, which is a social defi platform. It’s been a exciting journey for me to work on such a product.

FIRST SEGMENT (HOST)
Crypto Library Team : What is SolCout? and why does SolCout choose to build it's platform on Solana?
 
Malay Tripathi (SolClout) : SolClout is a social defi ecosystem of apps.

Our product highlights are as follows:

- SolClout World is the perfect Implementation of metarverse, virtual reality and blockchain to allow blockchain projects to build virtual ecosystem to interact with other projects, investors and influencers.

- SolClout Social is a simple blockchain-based social networking feature embedded within the application. Users can post their social updates while using the main application for it’s intended purpose.

- SolClout Starter is a social IDO platform, SolClout Starter allows for projects to establish official communities. Users with best activity could receive allocation for the initial decentralized offering. So it’s basically integrating telegram communities into the IDO platform itself and making it more exciting.

- SolClout Hub allows for projects to easily launch trading dapps and play-to-earn games. Projects will be able to utilize multitude of services provided by SolClout

- SolClout Trading is a social trading platform inspired from Crypto Twitter. Users can signup and connect their exchange accounts and then copy trade other expert traders. Once copy trading, a bot places the same trades that the expert trader you follow places. So this is like you buying a bot suscription without needing to configure trading strategies etc. You just have to follow an expert trader.
We choose Solana because of it’s promising capibilities. It is the fastest blockchain with a very small fee structure. Fast blockchains can help us develop near real-time applications by maintaining the on-chain capabilities of the app.
 
Crypto Library Team : What services and features are available in SolCout?
 
Malay Tripathi (SolClout) : SolClout is an ecosystem of apps. The brief description of each app is shared below:

- SolClout World is the perfect Implementation of metarverse, virtual reality and blockchain to allow blockchain projects to build virtual ecosystem to interact with other projects, investors and influencers. This is similar to blockchain conferences/expos that were happening on large scale pre-covid. Projects can rent out stands to present their projects and visitors can visit these virtually.

- SolClout Social is a simple blockchain-based social networking feature embedded within the application. Users can post their social updates while using the main application for it’s intended purpose.

- SolClout Starter is a social IDO platform, SolClout Starter allows for projects to establish official communities. Users with best activity could receive allocation for the initial decentralized offering. So it’s basically integrating telegram communities into the IDO platform itself and making it more exciting.

- SolClout Hub allows for projects to easily launch trading dapps and play-to-earn games. Projects will be able to utilize multitude of services provided by SolClout

- SolClout Trading is a social trading platform inspired from Crypto Twitter. Users can signup and connect their exchange accounts and then copy trade other expert traders. Once copy trading, a bot places the same trades that the expert trader you follow places. So this is like you buying a bot suscription without needing to configure trading strategies etc. You just have to follow an expert trader.
 
Crypto Library Team : Please tell us about $SCT token! What are the token use-case, distribution, and how to buy/get it?
 
Sunday Adedeji (SolClout) : $SCT is the native utility token of the platform. It is powered by the solana blockchain. With that, SCT holders can enjoy fast transactions within the platform. The utilities of SCT tokens are as follow:

1. Governance of the SolClout ecosystem.
2. Holders of SCT token will get better swap rates on SolClout Starter.
3. IDO fee incentives for projects whose investors hold our tokens.
4. Early bird entries to certain projects on the starter.
5. Use for entry into various trading leagues on SolClout Social.
6. Will be used to buy/rent promotion stands in SolClout Hub.
7. Tokenization of users profile on SolClout Trading
8. Holders can purchase limited space to build own virtual world

We are not yet listed on exchange. Before listing, we will have our IDO and that would come up towards the last week of the month of November.

We already announced TruePNL and PolkaBridge, BSCLaunch for the IDO.

50% of the IDO tokens will be distributed upfront, 25% each for the next two months. More details on our website
https://www.solclout.com/
 
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Sunday Adedeji (SolClout) : We started as a privacy messenger based platform and developed our Alpha i.e a decentralized End-to-end encrypted on-chain messenger on Solana in Q1 2021. Since then we have expanded SolClout to add more products as described earlier.

We have developed a beta launchpad for Ethereum and it’s deployed on Rinkeby. We have hired Certik for the smart contracts audit before launching it on the mainnet. We will launch the Beta and the token on BSC now given the issues with high gas fee on Ethereum.

We expect to launch the beta launchpad in the 3rd week of November along with our TGE. Following which we will launch the SolClout Starter for Solana and SolClout Trading Apps by end of December.

Our TGE is planned around 21st-24th November. We will announce the exact dates once we complete the audit of the contracts. Please follow our social media channels for latest updates. Links will be shared at the end of the AMA.

We are also developing a DEX which will be launched by January. For the complete roadmap, please visit our website solclout.com.

 
Malay Tripathi (SolClout) : We started as a privacy messenger based platform and developed our Alpha i.e a decentralized End-to-end encrypted on-chain messenger on Solana in Q1 2021. Since then we have expanded SolClout to add more products as described earlier.

We have developed a beta launchpad for Ethereum and it’s deployed on Rinkeby. We have hired Certik for the smart contracts audit before launching it on the mainnet. We will launch the Beta and the token on BSC now given the issues with high gas fee on Ethereum.

We expect to launch the beta launchpad in the 3rd week of November along with our TGE. Following which we will launch the SolClout Starter for Solana and SolClout Trading Apps by end of December.

Our TGE is planned around 21st-24th November. We will announce the exact dates once we complete the audit of the contracts. Please follow our social media channels for latest updates. Links will be shared at the end of the AMA.

We are also developing a DEX which will be launched by January. For the complete roadmap, please visit our website solclout.com.
SECOND SEGMENT (TWITTER)
Crypto Library Team : Can you tell us a bit about the security of your "SolClout Messenger App"? What is the audit status and what are your plans for mass adoption and is it commercially available? And is this some kind of paid or free subscription app for the community?
 
Malay Tripathi (SolClout) : SolClout Messenger was envisioned as a decentralized E2EE on-chain messenger on Solana. We have developed an aplha messenger which is live on the Solana Devnet. Since every message required fees in SOL, we have decided to modify the messenger from on-chain to P2P messenger using asymetric encryption.

The messages however are end-to-end encrypted using the public and private keys of the sender and receiver so the messages stored on-chain cannot be viewed by anyone except the intended sender and receiver.

The audit is being done for the SolClout Beta Launchpad which is called the SolClout Starter. It will be launched along with our TGE.
 
Crypto Library Team : I'm looking at the tokenomics of the SolClout token. It includes a 12% incentive allocation for your platform. So how do $SCT token holders get incentivized? I see a very interesting quiz session will be held on your platform, so the prize goes to the quiz winner?
 
Sunday Adedeji (SolClout) : Since we are building full suite of social Defi. The incentive for users include at different level, it's based on how engaging the user and how much at the breadth the value provided
 
It's in terms of engagement and how valuable the user is
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : We know that many projects today end up in rug pulled. As an IDO platform what does SolClout strategies to help investor in finding quality project?
 
Sunday Adedeji (SolClout) : We have a team especially for it which are research analysts and after due diligence of all the aspects we will select the project to be launched. We will have high requirements for selecting projects to conduct initial offerings to our users. Our team is working to adapt to the highest industrial standards for project selections. In the initial phase, we will only be focusing on Solana-based projects. Later, we are considering to add other blockchains.
 
Crypto Library Team : NFT is really a hot topic in the cryptocurrency market now.  So how is your project planning to develop NFT then how is your project planning to integrate it with DeFi ?
 
Sunday Adedeji (SolClout) : Considering the recent popularity of NFt and yest it's hotness, we have decided to build a NFT marketplace. We might do an initial NFT offering at a later stage. You will get the information about it through our social media channels. We also plan to implement it inisde our chat platform. Users can view, buy, sell inside the messaging application itself
 
Crypto Library Team : The $SOLC token has governance functions but could you explain me its governance framework and what relationship does $SOLC staking have with project governance?
 
Sunday Adedeji (SolClout) : First of, $SOLC is a governance token and staking is a part of governance. If you stake, you get the governance voting power and giving users direct access to decision-making power and the future direction to the SolClout platform. It can be staked for utility based NFTs and collectibles.
 
Crypto Library Team : Token Burn or BuyBack program play an important role in increasing Token value   Do you have a token burn or buyback program plan to attract investors?
 
Sunday Adedeji (SolClout) : We don’t have token burn yet as a part of our tokenomics but we will have the burn facility in our contracts so that we can be flexible about it in the future.
 
Crypto Library Team : What is your business model and revenue model? Please shre more detilas on how are you going to generate revenue?
 
Sunday Adedeji (SolClout) : Every project has its own profit model.

SolClout Starter is a social IDO launchpad. Like every launchpad, projects will require to pay fee to launch using SolClout Starter.

SolClout Social will earn its revenue from advertising like any social media platform does.

SolClout Trading will earn from offering pro memberships to traders where they can participate into trading competetions, leauges etc.

SolClout World has a simple revenue model. You pay to visit and to rent out stands.

All of this will require the utility of SOLC tokens as well.

 
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