AMA Recap Crypto Library with Sugar Bounce

                                      

On 19th February 2022, SugarBounce conducted an AMA in the Crypto Library Community. Our guest is Navin Ray. Lots of questions as usual from the Community about SugarBounce progress. The SugarBounce 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 SugarBounce.

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?

Navin (SugarBounce) : Let's start with me. I'm Navin Ray. I am the CEO of SugarBounce. I used to work in the adult industry for more than 10 years. It was about 2017 when I got acquainted with Bitcoin, then invested a little bit and then spent a lot of time reading about blockchain and crypto currencies and realized how the adoption of this technology in the industry I was working in would change the way the adult industry runs.  My team consists of 10 people in house and another 10 working on a contractual basis. Two of my devs are from my previous organization. I have known them for a while and when I told them that I would be starting this project, they decided to join me on this journey. Added to this, we also have block chain developers , streaming engineers, designers. Our Head of Talent - Sabien, Head of Outreach - Diana, and Coach for models - Genny are all current Cam Models. If you see, this is actually the perfect team with the right set of skills to ensure the success of our project SugarBounce.
FIRST SEGMENT (HOST)
Crypto Library Team : What is Sugar Bounce? and how your team begin the process of creating this project?

Navin (SugarBounce) : SugarBounce is an ecosystem of 6 different platforms which will bring all kinds of online adult entertainment under one roof. It is a merger of two worlds: adult  and crypto. It is sort of a culmination of my life’s work. As you know there is a lot of stigma and taboo attached to adult work and for those of us who work in the adult industry especially models and content creators, they face a lot of issues like content ownership, anonymity, lack of fair pay , exploitation at the hands of traditional financial institutions and more. And for years there was not much we could do about it as it's how the industry functioned, but with the adoption of blockchain and crypto in adult sector we can today solve these issues and when we started to discuss we realized that this was the perfect time to create and launch this project.

Crypto Library Team : What features and products does Sugar Bounce want to offer?

Navin (SugarBounce) :  SugarBounce is made up of 6 individual platforms from cams to subscriptions to a marketplace for NFTs , a crowdfunding platform , a decentralized content repository , a payment processor all of which would go live one by one and then come together to form one ecosystem which is SugarBounce. Our 6 individual platforms are:

- Sugar streams is an adult cam site with one of the highest payouts to performers. Also you know viewers can choose to be node hosts and earn rewards on the back end while watching their favorite performer stream  
 
- Sugar Pals is a subscription-based video blogging platform like OnlyFans but with much better U/I U/X and even payouts to performers  
 
- Sugar Reels is a decentralized version of a content repository like pornhub or Xvideos but we will share Ad revenues with content creators so they have a passive income for the rest of their lives. 
 
- Sugar Starter is a crowdfunding platform for newcomers and existing content creators where they can crowd fund their entire journey in the adult film industry and not have to go through middle men who exploit them. 
 
- Sugar Markets is an online NFT marketplace with a very unique idea of having utility NFTs where content creators will be exclusively available to NFT holders via streams for a particular amount of time a day for a finite number of days. It will be like a key to a door to your favorite content creators where you get more exclusive personalized access. 
 
- Sugar Pay is our cost-effective and completely anonymous payment processor which will take on the current payment processors and banks who charge a ridiculously high amount of commission on every transaction.

Crypto Library Team : Please tell us about $TIP token. What are the token difference, use-case, distribution, and where we can buy/get it?

Navin (SugarBounce) : Well our native token $TIP. You know we looked at a lot of projects and saw that people had like a billion , 100 billion and even in some cases a a trillion supply with tokens being unlocked and no incentive for the teams to actually deliver and then we decided to come up with a very unique idea of having a performance-based token, $TIP, where we linked token generation with token adoption. So only and when there would be certain specific milestones which is the onboarding of models on the platform, then and only then, there could be any kind of token generation into the ecosystem, otherwise, there would be no tokens that would come into the ecosystem other than that available for private sale and crowd sale. This makes us a very low supply token at all times and also ensures that even if new tokens come into the system it would bring with it new holders of the token as well. 

You can buy $TIP on:
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Navin (SugarBounce) : We have a very ambitious roadmap and from where we started initially, we do feel extremely confident of the work we are doing but the work has only just begun and we have a long way to go. For now, we are launching Sugar Streams with over 100 models. First access was given to developers from the community to come and test it. Next access will very shortly be given to all our 700+ VIP stakers and then after that premium and standard stakers before we open it up for everyone else. We also hold Sugar Casts a series of very exclusive shows with our models. Very soon we will start hosting Sugar nights metaverse style adult-themed virtual parties where VIP stakers and community members can come and interact one on one with our Sugar Stars. Every quarter over the next year we will be launching one platform in the Sugar Ecosystem and by the end when our whole ecosystem is live we hope to change the Adult Industry forever. 
SECOND SEGMENT (TWITTER)
Crypto Library Team : SugarBounce is a blockchain based adult NFT platform. Is KYC required to access the SugarBounce platform? What strategies have been implemented to prevent abuse of the platform by minors? If KYC will our data be safe?

Navin (SugarBounce) : SugarBounce is an ecosystem of 6 different platforms which will bring all kinds of online adult entertainment under one roof. We will be ensuring a very rigid and thorough KYC process to make sure no underage performers come on our platform. We take this issue very seriously and have a whole compliance team to enforce this. Especially in the adult industry we understand the importance of anonymity and rest assured all KYC data is absolutely safe. 

Crypto Library Team : Can you tell us about the role of the $TIP token in your entire project ecosystem? Will it act as a simple payment currency on all your products? And do the holders have some sort of advantage or voting rights in project decisions?

Navin (SugarBounce) : $TIP is a very integral part of our ecosystem. Once all of our platforms are live and our whole ecosystem is functional you will see that it's so beautifully connected that every aspect of it is meant to pump the utility of our token.  From Streams to Pals to Reels , Markets & Starter anywhere, anytime premium memberships are being purchased on NFTs are being bought and sold or performers are being tipped or node hosts are being rewarded, all of these transactions are happening in our token $TIP. Long term holders of our $TIP get access to premium memberships on our platforms, can be part of the DAO, get invites to events basically get a lot of rewards for holding or staking our token $TIP.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Staking is One Of The strategies to attract users and hold them long-term. Dose your  Sugarbounce great project have plan about staking?

Navin (SugarBounce) : We already have a very attractive staking program - Staking $TIP is quite simple. All you have to do is: 

1. Go to: app.sugarbounce.com and Connect your Wallet 

2. Select the pool of your choice and enter the amount of $TIP you want to stake 

3. Click on Deposit, a MetaMask pop-up window will appear - follow the instructions to complete the transaction. 

4. After successful completion of the transaction, your $TIP tokens will be locked into the platform for the duration of the period selected and you can earn APRs of upto 250% 

Crypto Library Team : On which userbase is Your main target? Are you focusing only on big Investors or small retail Investors also can play a big role In your project?

Navin (SugarBounce) : Our userbase is everyone who wishes to watch adult content. Doesn't matter if you're a big or small investor we value all our token holders.

Crypto Library Team : Token burn is important to increase value and price a token? do u have buy back or maybe burn system and how does it work?

Navin (SugarBounce) : $TIP is a deflationary asset that employs a quarterly burn mechanism - 25% of all platform profit is used to buy back and burn $TIP from the open market, ensuring that our demand-supply metrics are always balanced in $TIP holders' favour.

Crypto Library Team : see long term holders of $TIP tokens will get access to premium membership on the #SugarBounce platform. what are the benefits of premium membership and how many prizes are there sir?

Navin (SugarBounce) : Premium membership gets you access to a lot of exclusive features on the platform along with invites to events and virtual parties where you can interact one on one with your favorite content creators.

Crypto Library Team : Why did your team choose the "adult content" project? are you sure you can compete with other apps like onlyfans?

Navin (SugarBounce) : We chose this sector because of our experience in it and also this is the only sector where with the adoption of crypto we can make  a real difference in peoples lives today.
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