we hosted an amazing AMA with Play It Forward DAO on the 20th of January
And here we will put some of the best questions:
Q1) Can you please introduce yourself as well as Play It Forward DAO ?
Im Cholo Maputol, the CEO and Co-Founder of Play It Forward DAO. Before making the jump to GameFi, I built a long career in investment banking and capital markets with a focus on Southeast Asia so this region is very close to my heart Play It Forward DAO is the future growth engine of the Metaverse - combining a player pool of 3,000+ scholars with a guild management platform with 20,000+ users. We aim to redefine Play-to-Earn by making it more accessible and enabling a Plug-and-Play Metaverse
Q2) What are the advantages of Your project ?
First off, by our estimates we are the 3rd largest guild in the world and our profit margin of 50% is higher than most other guilds. We pride ourselves in being the first institutionally run guild - paying our players in fiat and automating majority of our tools and processes Second, we are building a guild management platform designed to onboard the next wave of players into the Metaverse. P2E Board (our platformâ€™s name) will make it super easy for managers and players in the future to get started and monitor their GameFi journey in one place
Q3) please tell us about the goal you want to achieve in this year.
Weâ€™ve been operating at a frenetic pace, growing our guild from 30 players to 3,000+ players in the span of 6 months and expanding from 1 country to 2 countries. Weâ€™re not stopping here - weâ€™re already running pilot programs in new countries (Vietnam, Bangladesh) and will explore more markets soon Weâ€™re also hard at work in the lab to curate the best of what play-to-earn has to offer and bring these games to our community - we want to bring more positive financial outcomes to more players globally Finally, we are in the last phase of preparation for the public launch of our guild management platform, P2E Board. Upon public launch, this platform will allow any manager and scholar to easily track their P2E journey in one place, building up an immutable profile for use in their Metaverse journey
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 five co-founders initially started out running our own small scale guilds when Axie Infinity and Play-to-Earn were first making waves in the space in mid 2020. We decided to group together to manage our guilds in a more efficient manner â€“ combining our varied skillsets across industries (tech, finance, operations) â€“ to come up with the first institutionally-managed guild at scale We all know each other from high school, having grown up playing video games together and hence gaming is very close to our heart. Play-to-Earn presents us with this unique way to give back to the gaming community and hence why we call ourselves Play It Forward
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?
We feel that we are just scratching the surface of the NFT space and gaming NFTs really bring a unique wedge into growing this space â€“ with much stronger fundamentals than other NFTs Also, GameFi is providing more people in the developing world the ability to attain a meaningful financial outcome via doing something they love â€“ playing games that are both fun and rewarding Hence why our project was conceptualized â€“ to bring more people in the space and give them the opportunity to benefit from the growth in NFT gaming globally
And here we will put best questions from our members and Play It Forward fans:
Q1) Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?
Our token launch is currently live on copper (link below) and will stay open until 22
Jan, 1pm UTC so itâ€™s not too late to get the token at ICO https://copperlaunch.com/auctions/0xda724fa0da9c7a17bdfb5e970ba26b75588c5e4a The token address is 0xb30f5d11b94efbbfdeaa4de38edffceec0be6513 The benefits of the token are multi-faceted, including: - Be used to get rewards and share in DAO profits via the staking pools - Used as payment for premium tools and services under P2E Board - Token value accrual also comes by way of increase in value of our investments in P2E governance tokens and NFT assets - Token holders get access to exclusive NFT drops (both DAO NFTs and in-game NFTs)
Q2) You announced your partnership with Castrum Capital , what are the contributions that can be made to each other so that both parties can benefit? What do you think will be the most significant benefit that this partnership will bring to your project and your users?
Castrum Capital and ourselves have gone into a partnership by which we can leverage our communities to help improve their GameFi journey. Currently, they operate scholarships in games that we are not currently involved in and it would be an interesting way for us to get better insight into games that other guilds are deploying players into In return, we hope to bring Castrum Capital onto our guild management platform and allow them to benefit from the services we provide to service their playersâ€™ needs
Q3) PlayItForward to have it's own upcoming platform "P2E Board" which will magnify community & provide all guilds with the tools they need to better serve their communities.What kind of management tools be given to manage thier guild? Tell features of P2E Board?
Some of the features we will roll out are designed to make managing a guild as easy and as straightforward as possible. This include being able to more easily track applications to your guild, track player performance over time, build a guild profile to attract the best players to your guild, and tools like automated payouts for easier management of players
Q4) Also, after auction ends when will PIF DAO be launched? And where may I find the marketing plans?
We will seed a Uniswap LP for PIF right after token launch and get on some CEXes right after. We'll then proceed to the full rollout of our roadmap and execution plans. You can find the full roadmap on our whitepaper but do check out our socials as we push out announcements with regards to what weâ€™re doing
Q5) I don't really understand that "in PIF DAO, your goal is to grow the cake rather than take bigger chunks". Literally, what does "grow the cake instead of picking it up" look like? Does that mechanism enable Plug-and-Play Metaverse?
Having created our own guilds from scratch mean that we understand the pain points that guilds face in scaling â€“ and we feel this naturally intimidates them from getting involved in the space â€“ because of the complexity At PIF DAO, we are focused on enabling more and more guilds and players to enter the space â€“ over time, this will have the benefit of growing the Play-to-Earn industry and onboarding the next set of mega guilds into the space
Q6) Do the token holders have right to the participate in the governance of the project? On what kind of decisions can they vote on about the project?
Yes, token holders will have governance rights in the DAO - this includes decisions on the DAO treasury and investment criteria as well as the games that we would look to participate in moving forward
Q7) Is your project only for English speaking countries or users who don't speak other languages? Or do you have any community for non-English speaking users as well?
We don't think English or any language should be an impediment to access to GameFi and we are focused on building local communities in the markets we enter into. To that extent, we are continuously trying to build out our communities in emerging Asia with a view to fostering a strong local bond
Q8) Do you have AUDIT credentials or are you working to AUDIT your project, to make it more secure and reliable?
We are hard at work auditing our staking contract, which we intend
to release in due course after our token launch is finished - this is to provide our tokenholders with the benefit of being able to earn from the upside of the DAO's revenues and treasury
Q9) Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
Yes, we plan to allocate some of the liquidity and ongoing profits of the DAO to repurchase our tokens in the open market - as a way to redistribute our earnings to the community and also increase the token price over time
Q10) Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relatiionships?
We see games as big partners in this space and we have signed up partnerships with some high profile projects that are a great fit for our community - these include Pegaxy, Sipher, Avarik Saga, Summoners Arena, Nitro League, and many more. Over time we will bring more and more games into the fold to further expand the offering we give to our players
And this was the end of our AMA with Play It Forward.
If you have any other questions you can ask here: https://t.me/PIF_DAO
Medium :- https://pif-dao.medium.com/ Twitter :-
Linked :- https://linkedin.com/company/pif-dao