we hosted an amazing AMA with DontKYC on the 2th of November
And here we will put some of the best questions:
Q1) Can you introduce yourself to our community?
Ennio Morricone : I’m Ennio – lead dev of DKYC…
My roots in fintech, consumer behavior and project management have shown me the world’s financial injustices firsthand.
Now that DeFi is under attack from governments and corporations who require you undergo KYC (Know Your Customer) procedures, I guess now I’ve taken on the role of financial freedom fighter.
I have a team of administrators and moderators who are aligned with our core vision and help push our mission forward. Our mission is to unlock finance for everyone, in every country.
Q2) Can you briefly tell us what is DontKYC ?
Ennio Morricone: Sure – I’ll try to keep this as simple as possible – people tend to overthink it!
DKCY is the world’s first frictionless bridge between BSC and real-world spending.
You can invest in DKYC, hold it, acquire BUSD reflections, and choose to convert those reflections into Prepaid Visa® cards that can be used at over 40 million retailers online.
There’s no token on any chain that’s doing this now.
We have over 5600 holders now… 1000+ cards have been dispensed via our automated dashboard system… Over $35,000 worth of DKYC Visa® cards have been issued, and over $170,000 in BUSD has been distributed.
Q3) Let’s now talk about the milestones you have achieved so far and about your upcoming plans ?
Ennio Morricone: Of course. We pleased to announce we have smashed through our Phase One milestones three months early. That shows how serious we are! I’ll paste those milestones here if that’s okay 🙂
• Concept development • Value proposition • Website completion • Contract completion • Full TechRate audit • Financial partnerships • Issue early-release online DKYC cards (before presale) as social proof • Articles in leading financial publications • Release card creation prototype demo • Two public AMAs • Public presale • High impact marketing campaigns • PancakeSwap launch • Commence work on DAPP for automatic self-generation of DKYC cards • $1M MC and beyond • CMC + CG listings
Now we are in Phase Two, we are all about taking this to the next level. We are working on DPay – a contactless payment gateway that will rival the credit card companies with no barriers to entry for businesses, nearly zero fees, near-instant payments and no KYC, ever.
We’re also working on the world’s first series of NFTs with real utility. These will have a front-end on the NFT blockchain of glorious financial freedom-related artwork, paired via wallet signature with our backend, which dispenses rewards like status points, gift cards, Visa® cards, community privileges and more.
Side note, we can’t mention too much about this just yet, but we are going to take our NFT series to the absolute maximum with compatibility with the most exciting upcoming platforms that are about to take over the way we work, play, and buy. That’s all I can say! 😄
Q4) Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background ?
Ennio Morricone : As I touched on before, the core dev team are all within the fintech and consumer behavior space, and have seen firsthand the inequalities of finance around the world, and the fact that it’s all getting worse.
We saw the red flags when Binance began requiring KYC, drastically lowered their transaction limits, and were banned from operating in several countries. We are here to restore the innocence to perform microtransactions freely, without KYC or the misconception that it constitutes laundering – it absolutely doesn’t.
Q5) NFT is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on NFT with us? Do you think NFT will disrupt the current financial system? What is DontKYC’s approach to the NFT sector ?
Ennio Morricone :- This is super exciting.
NFTs are at a junction now, where the novelty is beginning to taper off…
Absurd designs, 10,000 code-generated variations, arbitrary levels of rarity, carbon copy characters (apes anyone?) and other deliberate mindlessness just won’t cut it. It just won’t.
We’re taking a Gary Veynerchuk approach and then doubling down on that. We’re going FULL utility, including financial, status level, rewards, special access, utility beyond the real world (I’ve said too much) and so much more.
You know, we could have easily deployed a low quality, low ROI, money-grabbing NFT series today…
But that goes against our values. That’s not what we’re doing here. We aren’t going to release paper weight NFTs that are untradeable, unusable and useless.
We want absolute utility, exceptional value, outstanding multi-modal applications and bucketloads more. We want people to set their alarms to catch the mint. We want them to feel the gravity of our NFT release. We want it to stop the press. It’s going to be insanely huge. Unashamedly so.
And here we will put best questions from our members and Chiliswap fans:
Q1) It is unfortunate that some projects remain half way because their developers abandon the concept because they cannot achieve the desired capitalization in the long term; how do you plan to make this project sustainable for its development ?
Ennio Morricone : There have been many high profile tokens that have buckled and folded – some due to developer exhaustion, and others due to developer greed and malice (Squid Game anyone?)😂
For the last 2+ months, we’ve endured tough times, won many battles, combatted intense FUD from people who just don’t know any better – telling us that none of what we’re offering is real or even possible.
But folks, it’s 100% real. Personal emotions can’t cloud our tasks. I personally won’t trade my desire to bring financial freedom to everyone for anything.
As for personal gain, there are no team wallets for this very fact. Liquidity is locked for a year. We wanted to make it clear that this is not a fly-by-night token. Not another shitcoin meme or rug. We are passionate about what we have to do. And we’ll smash it.
Q2) Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
Ennio Morricone :- Great question. We have a buyback + burn function within our contract…
We are going to turn that on soon and pair it with payments made on DPay so that the more people spend, the more DKYC will become deflationary and more valuable to its holders.
Q3) IS This Your project only for elite investors, how about others with small funds, is it open to everyone ?
Ennio Morricone : Absolutely not!
Fairness is in everything that we do.
Unlike most other reflection tokens and credit card companies who typically only reward the whales and big spenders, remember our mission is to restore financial freedom for everyone.
We have systems in place to allow smaller investors achieve their goals, too. These include Bonus BUSD payments via contests or to reward community engagement and a unique and fair status tier system which we are rolling out in the coming days.
Our tier system (and status points) will be revolutionary / inclusive / merit-based, and will restore fairness to traditional points systems that are top heavy and pretty much useless to the smaller investor.
Q4) I have seen several DeFi projects that have been “hacked” recently, as it describes. How do you think the recent failure of other DeFi products affects user trust? What can your project do to ensure that crypto enthusiasts believe it is safe and reliable ?
Ennio Morricone : BSC is a bizarre place.
We’ve been TechRate audited from before presale to ensure that the contract was spotless. It passed all checks with flying colors.
We have a Certik audit planned this year, although note that they have given massive rug pulls the clean bill of health.
So, at the moment, we are spending those dollars on our growth.
Also consider our past behaviour – it’s a spotless history with nothing but an excellent dev team, phenomenal admin and mod team, amazing holders and great vibes all around.
Everyone is spending freely, making a great investment choice, and doing it with a smile.
Q5) While you build your project do you take into account community feedbacks and demands ?? While you build your project do you take into account community feedbacks and demands ??
Ennio Morricone : We have a suggestions box open to all of our beloved holders, who we consider family.
Anyone can simply email email@example.com and we review each submission. As long as it’s not a propsal ser.
We hold regular polls (e.g., choice of charity to donate $1000 to; which feature to roll out first), and we will continue to consult with our holders in the future.
Collaboration can go a long way towards a financial future that everyone wants to see. Groupthink can get us there quicker, too.
Q6) Considering that there ir 0% of team wallet funds, can you tell us how do you generate the profit to do maintenance and keep developing new features in order to evolve through the time?
Great question. DKYC is actually not for profit. Our marketing wallet receives a modest return, and this is enough to: 1) subsidize card creation fees; 2) run large-scale marketing campaigns; 3) cover development costs; 4) and stay on top of future developments.
Q7) Most NFTs games currently suffer low player base due to expensive initial cost for a new player to take part in the game, How doesDontKyc is attracting large group of players? can you talk some of its features which make it different from other ?
Nice one sir. Our NFTs are accessible to all, while not being under- or over-priced. They will fall into a perfect sweet-spot where the investment-reward ratio is always appealing. Always useful. Always usable in the real world and in our community.
That’s our pledge – no useless NFT series. They benefit no one and create resentment.
We want to release something substantial that will be shift the way fintech utility NFTs are done.
Q8) If MasterCard® and Visa® own and implement a large database of users who are active on a day-to-day basis in their system, how is it possible that users can obtain a MasterCard® or Visa® card to spend their cryptographic reflexes without having to provide their personal data?
It is important to note a few things about anonymity. People struggle to believe it can possibly be true.
• Prepaid Card Programs where the issuer is not mandated to collect, store, or otherwise validate the consumer’s identity already exist. They are an accepted part of both the MasterCard® and Visa® Anonymous Prepaid Cards Guidelines!
This is also acknowledged by most governments around the world. Please remember, these cards are similar to those anyone could purchase from their corner store without presenting identification.
Q9) Is your platform suitable for crypto beginners? Or does it only limited for professional users ?
Our team is second to none. You can visit us at @DontKYC – ask a question about how to get started, and a friendly mod or admin will literally walk you through it. We also have some of the best, most loyal holders who understand our ecosystem well enough to jump in and help out wherever possible. Give us a try.
Beginners should start with our website – dontkyc.com. From there, make sure you have Metamask installed with Binance Smart Chain added. Then click “Buy” from our website. And load up! 🙂
Q10) read that DKYC has no conversions between strings, records or personal data. How can you provide security without a prior KYC process? When it comes to the funds that users use daily for their needs, can i help you.how do they manage to keep these assets safe? What protocols do you use
Awesome question, hacker
DKYC are the chain crossing experts. We take batches of BEP20 into usable currencies daily, in our strategic way. We do it anonymously ourselves, with partners who don’t require we KYC. Further, we don’t require our holders to KYC. That’s a double-blind system we have to inherently protect everyone investing with us, and ultimately spending in the real world. We don’t know you. The card issuer doesn’t know us. We jump chains for you. All you do is spend, anonymously.
And this was the end of our AMA with DontKYC.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- http://dontkyc.com/
Medium :- https://medium.com/@dontkyc
Twitter :- https://twitter.com/DontKYC
Discord :- https://discord.gg/XwTG4UzY8m