We hosted an amazing AMA with Free City on the 24th of March.
And here we will put some of the best questions:
Q1. Can you please introduce yourself as well as Free City?
Of course, to the Crypto Titans community, my name is Jack Wu and I’m the CEO of Freecity. I’m an ex-intel engineer, serial entrepreneur and investor.
We are Building the Largest Web3 Bridging Infrastructure and User Aggregation Platform.
Bridging Web2 users to the Web3 world
FreeCity is built with the vision of bridging the web2 users to the web3 world in a seamless manner by providing fiat supported features, tools for web2 and web3 marketers to identify, incentivizes and retain their users. Ultimately creating the first web3 / web2 bridge that will bring the ecosystem to the next level.
You can catch our latest updates here:
🌐Website: https://www.free-city.io/
💬Discord: https://discord.com/invite/MjhkdZ6GeP
💬Telegram: https://t.me/freecityChat
🕊Twitter: https://twitter.com/FreeCity_OS
Q2. What are the advantages of Your project?
The FreeCity Team had previous successes in the Web2 world, what we’re planning to do is to replicate that success, connecting both Web2 and Web3.
Since the cost of acquisition in the Web2 world is relatively low, we aim to be the bridge to connect web2 world to the web3 world, the product is designed in a way where acquired users do not need to understand the difference between web3 and web2 with our Fiat Supported Feature.
Q3. please tell us about the goal you want to achieve in this year.
The team is in this for the long term and we’ll make sure that the distribution period will reflect on that particular value, for further expansion, we are looking into integrating with more partners ( GameFi, DeFi, NFT projects ) and to support different ecosystem, either HECO, ETH, Cosmos etc
Also, here’s a list of utilities that we are planning to launch in the near future:-
1 ) GameFi Token Swap – Built-in DEX for in platform token swaps
2 ) Boosting Power – Unlock VIP access to protocol on-chain & off-chain benefits
3 ) Staking & Liquidity Mining – Provide Liquidity to NFT Marketplace
4 ) Governance – Voting Power for future directions of Free City
Apart from the functional aspect, our core belief is that we have is to provide value to not only the community members, investors and our partners as well, our platform allows a win-win-win situation where a strong and robust ecosystem can be built.
In the long term, our goal is to ultimately transform into a DAO that is sufficiently decentralized.
Our roadmap is available on the official website: https://www.free-city.io/
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?
This is a very good question! FreeCity symbolizes the type of community and ecosystem that we want to build, decentralized and uncensored yet filled with respect.
Our name reflects our outlook, a bridge/portal for Web2 users to enjoy the benefits of SocialFi, GameFi & DeFi in a single platform, to freely explore the world of Web3.
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 Your project’s approach to the NFT sector?
In my opinion, I think many of the projects especially the picture projects are in big bubbles, I’m not saying like the large projects like APE or Crypto Punks, I think those are fine but I guess over time we are going to see more utilities coming into NFT, so whether you can use that to listen to music, whether you can use in certain communities to use them to do voting.
Rewarding System
Based on the data FreeCity curated, projects can easily launch Gamified Campaigns to increase engagement.
Identifying loyal/heavy users
Existing projects can identify long-term contributors based on data curated via Proof of Interaction.
New projects can organize campaigns to attract their early users.
And here we will put best questions from our members and Free City fans:
Q1. Community is an essential part of any new platform, how do you ensure you grow your community and keep it engaged? Do you have any partnerships or collaborations you are doing to grow the FreeCity community?
Through our Proof of Interaction and user aggregation layer, FreeCity has the ability to not just retain users but also to leverage our partners community. Currently we are working with large names such as HECO, BitMart and more. We emphasizes on a win-win-win situation where not only the FreeCity Platform and our partners will benefit from us, but our users as well.
Q2. from Where can I buy #FreeCity tokens and which wallets support your token? Please share detailed tokenomics?
Currently it is not for sale..YET, hopefully we will be able to provide you some details in the near future, our token would be launched on BSC and with a total supply of 10,000,000,000, the tokens will be distributed as follows:-
Airdropped NFT Sale- 1.00%
Early Backer Sale- 15.00%
Growth Backer Sale- 8.00%
Public Sale- 5.00%
Community Reserve- 20.00%
Development & Marketing- 10.00%
Ecosystem Treasury & Liquidity- 25%
Founding Team- 13.00%
Advisors & Event Partners- 3.00%
Q3. I read that, #FreeCity is all into Web 3. For better understanding of products, services and expertise offered by #FreeCity, can you kindly elaborate in details? How does it ensure that everyone connected to #FreeCity enjoy rewards which are both sustaining and enriching?
The core of marketing has not changed over the transition from Web2 and Web3 regardless, it is all about the users. While projects like YGG & Sandbox are building the best in-game experience, they do not have the necessary tools to identify their most loyal users and build campaigns around them.
But now they can, with FreeCity’s Proof of Interaction, where we help encourage users to support by providing their attention and interaction and get rewarded for it, whether it be their tokens or NFTs.
The NFTs / Badges rewarded to the users are essentially their contribution efforts and can be used by existing projects to identify loyal users.
FreeCity’s name reflects on our outlook, a bridge/portal for Web2 users to enjoy the benefits of SocialFi, GameFi & DeFi in a single platform, to freely explore the world of Web3.
Q4. I see on your roadmap, for Q2 2022 it will run launch of user generated social content platform, this caught my attention. But, I want to know if the users who produce the content will be rewarded in some way in their ecosystem or not?
Yes, we encourage our users to produce their own content, and the producer of the content and people who interacted with it will be rewarded, think of it like Steemit, but much more user friendly.
Q5. The most important thing is the player. When players are satisfied, global partners increase, the price and value of the token will naturally increase. What plans does the @FreeCity_OS team have in mind to make the player ecosystem more robust & attract players to @FreeCity_OS?
There’s a saying where people tend to overestimate the short term but underestimate the long term, for FreeCity, we only focus on being community driven and try to build the best product while at the same time to establish new partnerships through our user aggregation layer to make it robust.
Q6. Can you describe about what are the use of your token in Freecity Ecosystem?
Yes of course
Here’s a list of utilities that we are planning to launch in the near future
1 ) GameFi Token Swap – Built-in DEX for in platform token swaps
2 ) Boosting Power – Unlock VIP access to protocol on-chain & off-chain benefits
3 ) Staking & Liquidity Mining – Provide Liquidity to NFT Marketplace
4 ) Governance – Voting Power for future directions of Free City
Apart from the functional aspect, our core belief is that we have is to provide value to not only the community members, investors and our partners as well, our platform allows a win-win-win situation where a strong and robust ecosystem can be built.
In the long term, our goal is to ultimately transform into a DAO that is sufficiently decentralized.
Q7. Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
Yes, but for a company that is aiming for being fully community owned DAO, we feel like the mechanism would be something our token holders and community holders should vote for.
Q8. Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Of course, we are community and tech first, if we can’t build a product that attracts users, what’d be the point? So yes, we welcome all feedbacks from our community members.
Q9. Why did you decide to migrate/build on the Binance Smart Chain? And, what do you hope to see next from the BSC community?
The gas is cheaper and the community is much more larger, and given it is EVM compatible, it’s way more easy for us to connect with other chains.
Q10. Can I earn a passive income from your project? Are there any staking options available for this? What are the benefits of holding tokens in the long run?
Yes, you’d just need to interact with the platform, imagine us like STEPN but without the needs to buying shoes.
And this was the end of our AMA with Free City.
If you have any questions you can ask here:
Telegram Group: https://t.me/freecityChat
ℹ️ℹ️ Useful Links ℹ️ℹ️
- Website: https://www.free-city.io
- Gleam Campaign (500$ Rewards): https://twitter.com/FreeCity_OS/status/1504813881436246017?s=20&t=zW-xr93Ja9mS91qIM3oo_g
- Telegram Announcements: https://t.me/freecityOfficial
- Twitter: https://twitter.com/FreeCity_OS
- Discord: https://discord.com/invite/wkCapujeXS
- Medium: https://medium.com/@freecity
- Facebook: https://www.facebook.com/FreeCityOfficial
- Instagram: https://www.instagram.com/freecity_official
- WhitePaper: https://info-170.gitbook.io/freecity/free-city-whitepaper