Thanks you Prasaga for Ask Me Anything (AMA) in ZTHCrypto. 30th November 2020. Best Speaker Jay Moore (Co-Founder) and Michael Holdmann (Founder)
Segment 1 : Introduction
Let’s ZTH x Prasaga AMA get started❗️
⚠️ Don't Panic! You are not in Ban. CHAT is muted for AMA ⚠️
📣We will host AMA with Michael Holdmann & Jay moore
✨During the AMA, we will often close the chat feature to smooth the question and answer session.
Q1 : Welcome to the ZTH Crypto community, thanks for taking the time for today’s AMA session!
we glad to meet here : Michael Holdman and Jay Moore
How are you feel today ?
A1 : Jay Moore:
Excited to be with the ZTH Community! We’re wide awake and celebrating life!
(well at least I am it is my birthday)
Michael Holdmann :
Hello everyone, awesome to be here, thank you for taking time out of your day to get to know us.
Q2 : Wow happy birthday🥳🥳 Jay Moore , I wish you the best for the future. I feel very happy today to be here talking to you😊
our community hope to talk and learn more with Prasaga 😊
So let's move to segment 1
Could you please introduce yourself and (Prasaga) to us at the first sesion.
A2 : Jay Moore:
I’m a massively parallel entrepreneur, Prasaga marks my 12th new venture, I have enjoyed creating everything from an ISP and a design firm to a franchise restaurant chain and game streaming middleware. My largest success was at GarageGames where we changed game development, coined the term “Indie Games” and built a community of 250,000 indie game developers in the early 2000’s.
Prasaga is by far the most exciting venture I have ever had the privilege of being a part of to help make a better future for all of us as I see blockchain as the key to so many innovations and improvements to our global quality of life.
We have been working on this project for 3 years and now we are very excited to tell the chance to share with Zero to Hero community about Prasaga and the DataGrid Blockchain. Someday I predict you will tell others you heard about Prasaga before they had even launched on DeFi pools.
Michael Holdmann I :
I am Founder & CEO of Prasaga. I have been involved in technology sector in Telecom, Network, Internet, Software for 5 decades my focus as strategist, biz dev, evangelist, and visionary.
Prasaga is my 4th start up.
I started a mission to create a ubiquitous, decentralized, open, equitable, technical foundation that would allow all everywhere to participate on a global playing field. My first endeavor to solve this was an Application Service Provider (ASP) in mid/late 90’s, what we call cloud today. For the last decade I have been collaborating for international open standards for the Internet of Things to ensure the ability for anything to talk to anything or anyone regardless of data model, protocol, platform or provider.
What I discovered was the need to Decentralize the industry to ensure the citizen was in power, not large walled gardens run by the FAANG. This is what Prasaga will deliver to the world. The foundation for all transactions, financial or other.
ZTH Host : Ok thanks for your explanation.
Some introductory question have already been answered and we will enter segment 2.
5 best question comes from the twitter.
Segment 2 : Twitter Question
5 best Question Twitter
Q1 : How do I know that I’m getting $DGT that is genuine & authentic, and not counterfeit, or if it has been tampered with during transit?
A1 : It is alway good to be careful. We recommend you are sure of the identity of one of our team members if you are securing it directly as we have strict processes for using secure methods for transfer. Our blockchain approach once we reach mainnet will have very extensive security.
Q2 : If you were a beginner, what would interest you about Prasaga? which can make you choose to use it. Thank you
A2 : Your phone, your computer and your smart watch all have an operating system to make it easy to develop for and use, everyone needs the blockchain to be just as easy. XBOM is that operating system for the DataGrid Blockchain making it easy to develop for and use.
Q3 : Communities is very important in order to makes impact on more addoption. How many communities do you have now ? What kinds of support Prasaga wants from the community?
A3 : We are a community first blockchain based project. We have one global community as well as a few sub communities that allow us to focus on various areas such as developer, token holder, advisor, etc.
We would love our community to:
1) follow us on social;
2) engage with us in our community;
3) develop using our technology;
4) tell their friends about us; and
5) give us feedback.
Q4 : Can you expand our knowledge about PRASAGA Roadmap this year and the future and any Updates on your R&D progress? What is PRASAGA’s plan to adopt more Adoption?
A4 : We have our roadmap in our white paper. This year, we have achieved a few milestones:
1) a few of patents are published;
2) we developed an alpha product or MVP;
3) we built an awesome community etc.
Our R&D is going as well as planned. We have identified the correct approach to our consensus and design.
For adoption, we are building a community of developers and a token system for use of our tokens.
Q5 : What kind of blockchain’s promise does the DataGrid Blockchain (DGB) needs to harness ? What are the potential use cases for the blockchain in other sectors like Fintech, Supply Chain / Logistics, and Government would benefit from evolutionary DataGrid Blockchain (DGB) ?
A5 : Every use case can benefit from development done on the DataGrid Blockchain (DGB) as objects can easily be shared to develop faster and make maintenance easier. Building on an operating system will bring developers from every sector in enterprise and the consumer sectors. Because we are a decentralized operating system, any sectors could build their applications and projects with DGB including fintech, supply chain, logistics, and government. We appreciate the blockchain’s promise of immutability and transparency.
ZTH HOST: Questions on segment 2 have been answered, It’s wonderful thank you . We will continue Segment 3
Everyone please prepare your questions, chat will be opened for Telegram Segment!!
Segment 3 : Live AMA Session
So we have around (500+) messagesFeel free to choose 5 or more questions you like and answer them
Q1 : For the success of a project, investors, community and developers play a major role. What is your strategy to get them involved?
A1 : Since the blockchain ecosystem is built on the foundation of community, we engage with our global community from day one in developing a Prasaga project. To grow globally, we collaborate with our strong community of developers, token purchasers, team members and miners. We will engage on all social media and through local LABS.
2) As regions like Vietnam, Philippines, Japan, Singapore, Korea, Turkey, UAE/Dubai, Crypto Valley Switzerland and others emerge we will create DataGrid Collaborative Labs and work with the local members to create vibrant communities.
3) We are looking for community members that want to assist us in building our presence in all regions.
Q2 : Many investors hit and run in the sell and sell session after listing on the first exchange, How did Your project prevent early investors from selling their tokens and what benefits you would give them?
A2 : There are three integral principles for our token distribution:
- The distribution must be fair for humans.
- The distribution must have better price discovery.
- The distribution must be permissionless and scalable.
With those in mind, we have first chosen Balancer.finance Liquidity Bootstrap Pool (LBP):
- Bots have no advantage to humans
- LBP lasts for a couple of days (can result in better price discovery)
- Users can use popular tokens in exchange for $DGT
For pre-sale we are offering 3 bonus stages and will follow our early token holder/team/advisor unlock schedule in the frist2 private sale stages, the 3 stage (community pre-sale) wil unlock linearly during the 12-month Defi Liquidity pool campaign.
Q3 : Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
A3 : We started this project 3 years ago, we pre-sold $850K in $DGT spring 2018. The early purchasers asked us to fix scale issue with blockchain. We completed R$D, filed 6 patents, pre-released dev environment and testnet. If we were a scam we would have done it in the ICO days.
Q4 : 1-Increasing Token price
2- make Token Valuable
3-Building Community Trust
From 3 aspects above,. I want to ask,. Which one the most important for you??
If all above are important for you,. Which one that Will you do first??
A4 : 3. Is most important. We are working deeply right now with the HyperLedger community to support development on XBOM. Building a very strong blockchain will result in token value and price and that will happen as we engage developers with us. Getting the word out to the planet requires a network effect that Zero to Hero is a first step in by you telling people you know and sharing about the DataGrid.
Q5 : What are the structural challenges of traditional exchanges and how #Prasaga will address them?
A5 : We have had many discussions with CEXs to list our token. We are very bullish on DeFi as it is re-writing the rules for token traders and investors. We will consider how to work with the larger partners as it benefits our token value and the interests of our project.
Be sure to watch for our announcements regarding our community presale coming SOON. If you have questions regarding our Private Presale ($100k min)
ZTH Host : Question that Michael Holdmann & Jay moore like is already answered
Great AMA Thanks Prasaga taking the time to join AMA today.!!