We hosted an amazing AMA with GOKU on the 14th of January.
And here we will put some of the best questions:
Q1. Can you please introduce yourselves as well as GOKU?
Dan: I’m Dan, and I am the COO of the project and I have been with project since September as an Investor and joined the core team in December!
We are Goku Token and we are an ERC-20 token. This project was formed in August 2021 by our Head Dev Julian aka Cyber.
Our goal is to help connect all anime fans and get them exposure into Crypto currency. Everyone knows how recognisable Goku is and we will be using that to market the project to it’s fullest capability.
Our main utility is an NFT Marketplace that we are working on with another Crypto project called Luffy and we are looking to deliver that this year. We are also developing a wallet app that can track your investments as well as development of a P2E game. A busy year haha.
Ben: My name is Ben Duxbury and i am the Cheif Marketing officer for the Goku Token. I joined Goku on the third day of its release because Goku is apart of my childhood and i am guessing it is apart of everyone elses. Then a little while later i started talking to the Dev about becoming a Moderator and then i naturally become the Cheif Markleting Officer.
Q2. What are the advantages of Your project?
We are releasing an NFT marketplace with which the staking of NFTs should be made possible. In addition, NFTs can be sold, bought and exchanged via the marketplace,
Furthermore the team is transparent and offers the possibility to ask for the background of the core team. AMAs are also used to build trust.
The amount of burned tokens currently corresponds to 73%. This means that only 27% of the token is still in circulation.
GOKU is listed on various exchanges. Among others, Uniswap, Shibaswap, Cointiger, XT, Hotbit and Lbank.
I really like that we have burned 70% of our supply initially.
And as a result we only have 6 quadrillion out of 100 quadrillion available on Uniswap to buy.
The limited supply is what i beleive makes this token stand out above the rest.
Q3. please tell us about the goal you want to achieve in this year.
We have a couple of goals.
First one being the launch and deliverery of the NFT marketplace.
Second, the launch of the wallet tracking app.
Thirdly we want to hit a Market Cap of 500m.
To do this, we know we need to be on it with the marketing and that’s why we are working with a PR/Marketing firm to make sure everything we put out has the best potential to get investors in.
Just to expand on the wallet tracking app. If you know what Zerion is then we will be aiming to beat them because we know that app has some big issues 😂 We will be releasing a crypto wallet with our partners and this is where the crypto tracking will be added.
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?
The story behind the name comes from one of our favourite characters in Anime 🤝
The best character 😉
We all love dragonball and Goku is the #1 character 😜
We are all anime fans in the core team. We all grew up coming home from school to watch Dragonball so that’s why we went the name.
Just because of Goku this token has a huge potential to rise above other anime tokens.
The project was founded by Julian and was led as a single Dev project at the start and then started to expand the team as we have started to grow within Crypto.
The rest of the team include Cyber (Julian) and Bonita Crypto (Catelin).
Cyber is the head Dev and Caitlyn oversees the community social feeds.
We all get on really well. We have regular meetings within not only the core team but also the admin team as well. We all like to lead by example and make the chat as active and as engaging as possible.
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 Goku Inu’s approach to the NFT sector?
My opinion on NFTs is that they are a huge thing in crypto right now and they can make you alot of money also it is a good way for artists to get themselves noticed around the world. We have a resident artist who creats our Goku NFTs and he hand draws nearly all of our NFTs and they are beautiful. We are releasing an anime NFT Marketplace so that Anime artists can share and sell their work and also the community can interact with the artist and show their love for the artists work.
In this NFT marketplace you will also be able to Stake your NFTs.
I think NFTs are brilliant.
They will allow a lot of artists to be able to sell their work without a Middle man. It will help artists be able to market themselves.
I think it will. We are seeing news that China are softening towards NFTs so that is a huge boost I think.
Our approach is from a community approach. We are a community token and we work with the community through ideas, feedback and criticism. We want to be the best and you’ll see us working with the community on utilities and ideas!
And here we will put best questions from our members and GOKU fans:
Q1) You recently released an announcement in partnership with Certik, a large decentralized project auditing platform. What is this coming soon? Will Goku be certified and audited by Certik? If so, what impact will this have on their platform and how will it help them?
We will be looking at hiring Certik to audit our smart contract from the 1st of February, We hired Certik because they are the leading auditing firm and everyone in crypto knows who they are so we went with them to put the communities minds at ease. We have already been audited by Techrate and we wanted to get a better firm to look over our contract.
Yeah this is something the community have been asking for and there are plans in place. It should be a quick turnaround to get audited as well.
Q2) Partnership is always an important factor for every project . So who is your partner? And What are the benefits you get from those relationships?
We have partnered with 3 other Tokens – Luffy, Deku and Chopper. We have created an alliance to combat rug pulls. Together we will be making an alliance platform to combat potential rug pulls and to get on the platform you will need one of our special alliance badges and to get this you will be vetted by the partners and we will also be creating an Anime Ecosystem where all the partners utilities will combine and work with each other.
Q3) Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Let me break it down.
We did an initial 70% burn and the Tokenomics allow this to be a deflationary token.
2% go to reflections and a small percentage then goes to the burn wallet. And the wallets with the most tokens get the most reflections, so currently 1.46% of reflections go to the burn wallet, so there is already a burn mechanic in place driven by volume. And that will increase the more that gets burned. So as we get more transactions and more holders we will organically burn more tokens.
So far we have already burned 3% of total supply through 17000 transaction since August 2021 when we launched Goku Token.
We will be releasing our app that will be like zerion that will also be attached to an app being made by another partner where you can stake your tokens which will cause a hyper burn. as you can imagine we have already burnt over 73% of our tokens and once we start getting a huge volume the token burn will increase.
Just think of when we start to hit 80% then 85% then 90%. What will happen with the price?
Q4) I see you have transaction tax of 10%. Please explain us about incurring 10% of transaction fee. It is too much for the users. Lot of platforms usually incur 5% fee on a transaction maximumly. Do you think that the users will be happy with the 10% transaction fee?
The 10% transaction fee consists of 5% to the marketing wallet and without this we cannot grow the token to what it needs to be. 3% to liquidity with a higher liquidity this also means that people can trade the token easier and the price action will be higher once the volume is higher and 2% back to the holders.
All of our holders are very happy with the tokenomic and we have not had any complaints. the higher liquidity also means that people can trade the token easier and the price action is more once the volume of GOKU is high.
I like that it rewards people who Diamond Hand 😛
We dont like paper hands 😀
The holder will be rewarded in the long term due to the tokenomics.
That other Gif catfished me 😂😂😂
Q5) How strong is your team ? Many projects starts with good impression and later abandoned the project. What makes your project different than others?
Our team is a very strong team we have structured our team into a corporate team. We all have our own jobs like mine is CMO (Chief Marketing Officer) and Dans is the COO (Chief Operating Officer) I handle all of the marketing and if I need help the team is there at all hours to help me and the same can be said with Dan.
We are here to stay and we won’t be abandoning the project because this is Goku…Why would we abandon the project when we Doxxed today? This is a link to the Doxx Medium post if you would like to have a read of it. https://firstname.lastname@example.org/goku-meets-his-new-family-3187805a3ef4
I think we are also moving into cycles, we had a brilliant bullish start but like all projects we have experienced somewhat of a slow end to 2021. We feel like this was influenced by the wider market especially with it being hit hard recently due to inflation rates, the new COVID variant and the riots in Kazakhstan. All these factors will eventually ease and then the market will boom again.
A healthy market cycle needs to have its corrections but our community has really shown how much they believe in the project. I am myself invested in the project and will continue to build my own stack. I know we have a bullish year ahead with utility deployment and next level marketing to take us to a Top 50 coin/project in the next couple of years.
Q6) Goku is the latest Anime based Token released on the ERC20 Network. many investors have suffered from Ethereum’s high transaction fees. Does Goku plan to build a multichain bridge, and support more networks like BSC, Solana, or Polygon that provide a high-speed, low-cost?
I am not going to go into to much detail but we are looking into making a blockchain.
Q7) Goku Inu is inspired by Dragon Balls, starting from the name of the platform, to the name of the Chapter. How do you deal with possible “copyright” issues that might occur if the project gets enough acceptance? Why did you choose Dragon Balls, Is there a specific reason for this?
So the Character itself has no IP and we have been very careful with our branding and marketing. We did change our logo end of November to solidify this and our PR company have no concerns and neither do we.
Q8) Where can I buy your tokens right now what is your current contract and how can I buy them??” Will you have any other DeFI feature like staking, yield farm or NFT in the future?
You can buy token on a DEX like Uniswap or CEX like LBank, Hotbit, XT and CoinTiger. We do have a new listing to announce this month and we will be adding as many exchanges as possible in the coming months.
Q9) What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
We have our Utilities coming. With our very low supply we will be causing a squeeze. We have already caused 3 squeezes since our token has been released. The squeeze happens when we hit below 2Q and the price shoots up as well as the supply resets back to 2.5Q whilst the price remains what it was when it was below 2Q.
Q10) Do you allow suggestions and feedback from the community? Are we allowed in decision making, Do you put community into consideration?
Yes this is one of the best parts of our project. We obviously have a core team that works on ideas but we work with community to make things happen. for example, one of our community members helped make our Raid bot and we have now been able to use this utility to drive our Twitter marketing and its now being used by the other tokens we are partnered with. I became part of the team because I actively engaged with the team and gave some ideas and feedback and if you feel like you could add something or make a difference, we want to hear it. We know are stronger the bigger the community.
We focus on the community. We will always take into consideration what the community says and we always ask for feedback. We have hired people from the community to help out with our utilities because of the feedback and help they have offered. We value the community and it is a community run project.
And this was the end of our AMA with GOKU.
If you have any questions you can ask here:
Telegram Group: https://t.me/officialgokuinu
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