we hosted an amazing AMA with Monopolist on the 1st of November
And here we will put some of the best questions:
Q1. Can you introduce yourselves to our community ?
Tia:I graduated with Bachelors degree in communications in Australia. I have had over 4 years of experience in promoting marketing campaigns, deeply researching consumer behavior as well as market analysing.
After a few years working in advertising agencies and major fintech international corporations in Australia & Vietnam (where we are based), I am currently in charge of our social media contents, developing customer relationships, expanding the partnership networks as well as keeping track of our marketing strategies along with the marketing team.
Q2. Can you briefly tell us what is The Monopolist ?
Viv:The Monopolist is a ‘play-learn-earn’ game based on the classic ‘Monopoly’ or also called as the Landlord’s game that almost everyone in the world has played or known.
As you play the game, you will quickly grasp the rules and realize that this game gives you many lessons and insights that can be applied to the world of investment, finance, especially in this blockchain version, players gain more insights in the Crypto field.
By providing new benefits in terms of game economy and user experience, The Monopolist will revolutionize players’ experience. With our interests in the original game and our expertises in the finance and crypto field, we are so eager for this project.
Q3) Let’s now talk about the milestones you have achieved so far and about your upcoming plans ?
Tia: So currently, we are coming into Q4-2021 in our roadmap, we have closed Private Sales
This is our action plan: Focus on IDO launch (on Binstarter & Poolz) and marketing plans.
Yesterday, we had our IDO on Binstarter & on Poolz, IDO will be live in less than 1 hour.
Secondly, we will release the testnet and mainnet in late November, early December.
Thirdly, we will release Pre Staking $MONO pool with insane APY. Besides, we will release our own Marketplace in December and MONO swap feature.
There are two particular phases that we are so eager to share with you guys: Q1-2022 and Q2-2022. That is when the game is launched.
We can’t wait til this game is completed and released to the public. This is a project that carries all of our dedication and passion from our team so we are extremely thrilled for The Monopolist.
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 ?
Viv: The Monopolist is based on the Monopoly game. We create the new version that has the friendly images and super cute graphics, variety of characters with the variety of power along with items in game. Moreover, our Monopolist has many tournament and activities will be held every month with the attractive prize up to thousand dollar. Especially in this game, we combine the character to earn more money.
I would like to share a little bit about the co-founders of our team. They graduated university majoring in Business and Finance. After that they became traders. So it is quite easy to understand why they are bringing this project into the world. With such enthusiasm for the original game and our expertise in Finance, we are all eager for this project and dedicated to bring it to life. … And for the tech teams, I have to say that I am so proud of them. They have been working so hard the past couple of months. Their backgrounds were design, engineering. Some of them already have more than 10 years experience in that industry so there is no wonder why we are having such excellent game creatures now. This is more like a family business than just a project so we have a close-knit relationship and great understanding of each individuals, yet we maintain the professional within the work to ensure the success of the Monopolist.
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 The Monopolist’s approach to the NFT sector ?
Tia: We can’t neglect the increasing demands and interests for NFTs games. In this booming market full of strong competitors, there is room for an innovative idea. Most of the games on the market are PvP, hunting monsters and treasures. We want to create something new yet very familiar.
That’s why we created Monopolist based on the iconic board game – Monopoly or also called The Landlord game. Not just a common ‘play-to-earn’ model but it is a ‘play-learn-earn’ which allows players to gain valuable lessons about finance and crypto as well as educate people and raise awareness among non-crypto and crypto players. It’s not just a game, a project that we want to make but also a strong-knit community that we want to build.
And no, NFT will not disrupt the financial system but rather beneficial
In terms of NFTs
Our NFTs includes characters with 5 different tiers, with increasing Hash Power (which is the character that player owned). This will help players earn passive income beside the game’s prizes. We also have the ‘dice’ system with limited skins and very rare for recreational purpose. Its value is based on community’s approval. Medal – A-tier character and above will be able to attach medal. It will increase the hashpower’s points of the NFT that player owned, speed up the mining process in Mining camp. To get the medals, players need to complete tasks and events in the game and win tournaments hosted by The Monopolist.
And here we will put best questions from our members and Monopolist fans:
Q1) The gap between traditional gamers and blockchain gamers is still huge. How can #Monopolist Platform bridge this to attract more traditional players to try new blockchain-based games? What’s your plan to expand the adoption of your project to the traditional gamers?
Viv :Players nowadays opt for something beyond the mere purpose of entertainment, and that’s exactly what The Monopolist brought to the table, the potential of earning real money while playing. In a nutshell, every time a player buys an in-game asset, they’re contributing to the value of the game economy. Since the market is attracting new and young investors, our team plan on developing in-game products, unlock characters, skins, and much more to get players hooked on the NFT realm.
Q2) Almost 3/4 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?
Tia: Our ecosystem and MONO tokens will be used to developed 3-4 games in the future, as part of our development plan. So we can definitely guarantee you all that The Monopolist project is a good starting point, a premise to witness an even stronger increase in terms of value for those who holds the MONO token in the long run.
Q3) The Monopolist is played between 2 to 4 players at a time. So it is safe to say that an active playerbase is crucial in the long run. So could u tell us,what tools & strategies have been mapped by the team to ensure that the platform will have a healthy player base in the future ?
Viv :We have 2 playing modes – 2v2 and 1v3. As mentioned on our whitepaper, The Monopolist is a game for everyone at all ages, genders and social classes. Everyone can join without any exceptions that can interupt the game. Each player has the same starting point, they need their own strategies and a lil bit of luck to win. Each NFTs that you owned is just an investion, your tier only improve the MONO and Mob mining process in the mining camp but won’t affect any games. The fairness of the game is our utmost concern and no one can interupt the game’s result!
Q4) Token burn is beneficial for any project, in being able to control the number of token circulation and to provide greater incentives to investors. Does Monopolist have a plan about token burn
Tia: A burning mechanism will be applied to avoid deflation. In Auction, a certain number of tokens will be burned after each successful bid, the rest will be transferred to Mining Camp pool
Q5) Many games have constant bugs that lead to user dislike and eventually premature death of the game. What steps have taken to avoid this? How smooth is your gameplay? How user-friendly is your interface? What are your plans to attract more gamers?
Tia : i totally understand your concern. And of course UI/UX design plays a major role in the success as any gaming projects on the market.At this stage, as the game itself is not officially launched yet, all we can say is we have an amazing tech team & experienced devs. Game design and interface will definitely be user-centric, as we focus on the product itself to elevate players’ experience so everyone in the team is putting so much efforts into all the tiny details in the game for a flawless launch ahead. We have a little Youtube sneak peek about the gameplay inalready so check that out.
Q6) Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Viv: $MONO is the core token in our ecosystem, which is ultilized for transactions, Staking & Farming activities, Governance & DAO participation, Events participation in The Monopolist ecosystem (Model: BEP20 BSC; earn it through Staking activities)
While $MOB is our another token, which reduces the inflation possibility of the core $MONO (Model: BEP20 BSC; earn it by completing in-game quests, participating in DAO, staking $MONO)
Q7) Could you tell me what is the usecase of your token and is there any staking options available to get passive income?
Viv : In Staking, you can earn more $MONO token. The more tokens you stake, the higher incentive values you can claim. With the high APY in all Farming Pool, you can select any pools to earn more tokens as the passive income. Pre Staking will be released in December.
Q8) A strong marketing strategy is essential to ensure the long-term success of a project at all times.
Did you set up a special marketing team for your project and what marketing activities are you currently doing?
Tia:In the early stage, our marketing plan is to attract & educate early investors and players with the potential of the project as well as the market, giving them a general background on the game, our core values, earning mechanism, etc…
Prior to IDO, we focus on cross-marketing via many campaigns with partnered VCs. In addition, we have airdrop campaigns and will continue to host Gleam campaigns with some of our strategic partners.
Besides, we are also working with agencies in media for press release, booking KOLS on Youtube, TikTok,… AMAs on our partners’ channels as well as our own to address possible concerns about the project.
After IDO, we will collaborate on our very own manga series, based on the characters in the game. Each would have its own background story, plot & character development.
Q9) Can you tell us about partnerships & advisors that you are collaborating with? How many partners do you have?
Viv: On our official account, we have announced over 20 partners, and counting, including Binstarter, Poolz, VBC Ventures, Infinity Capital, OIG, Dutch Crypto Investors, Good Games Guild, MG Trading, Seed Thrift, Golden Shovel, to name a few. They are all credible and reliable partners & backers. We are really fortunate to have their support so far, bringing mutual benefit to the both parties. In the future, The Monopolist will definitely attract more partnerships & collborations to have the project grow steadily.
And this was the end of our AMA with Monopolies
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://www.themonopolist.io/
Medium :- https://medium.com/@MonoNFTsGame
Twitter :- https://twitter.com/MonoNFTsGame
Reddit :- https://www.reddit.com/user/MonoNFTs