we hosted an amazing AMA with Trace Network on the 5th of November
And here we will put some of the best questions:
Q1. Can you introduce yourself to our community ?
Hello CryptoTitans Community.
I’m CEO n CoFounder of Trace Network Labs . I worked for over 12 years in enterprise technology space helping fashion companies acquire and implement technology . I have been actively building solutions for enterprises using DLT and Blockchain technology since 2017.
With Trace network Labs , the vision is to build a technology platform that will enable lifestyle brands to launch multichain & multiverse products for the ‘digital twin’ a.k.a. Avatars of the resident of a metaverse.
Q2. Can you briefly tell us what is Trace Network ?
Trace Network Labs is enabling the next era of Luxury Lifestyle in Metaverses powered by NFTs & Digital Fashion.
Trace Network Labs will be a de-facto gateway for lifestyle brands to launch a new set of Limited Edition lifestyle & fashion products exclusively made for digital Avatars of Metaverse residents across multiple chains and Metaverses.
Q3. Let’s now talk about the milestones you have achieved so far and about your upcoming plans ?
Trace Network Labs has already onboarded couple dozen brands to launch their limited edition products NFT exclusive for metaverse residents. We will soon be launching our BLING NFT Marketplace with our 2 brands. One is 883 Police, Italian luxury brand , which is going to launch their masterpiece wearable NFT collection. Another one is 7 Bridges , which is launching their BeerNFTs, which is backed by claimable physical bottle of limited edition beer (only 99 bottles will ever be made with this unique receipe). Will be annoucing other brands soon.
Apart from this we will soon be launching META BUDDY, which will allow people to create their personalized avatar NFTs.
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 ?
Like how we can Trace a persons real life identity in physical world, similarly our aim is to create similar identity of a person the metaverse world with the use of NFTs.
The team consists of 2 founders. My partner and cofounder Sunil and I we have been working together for last 12 years on Enterprise Systems consulting and adoption. He has been consulting on technology adoption for more than 2 decades across Apparel / Fashion & Lifestyle domain , both in Retail & Manufacturing space .
We have a Trace Studio team who are capable of create wearable 3 d products to help these brands to convert their designs into wearable collection for metaverse residents.
And , we have a capable team of blockchain experts to are well equipped to marry the fashion world with the NFT on blockchain.
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 Trace Network’s approach to the NFT sector ?
NFTs is the one of the best product outcome of blockchain. And, now NFTs are being used for more real use cases, and it is going to change the way we claim ownership with authenticity which is provable . I can say that we have just uncovered tip of mountain and NFTs will soon seamlessly by part of everyones life in one way or other. Trace Network is enabling more interesting use case of NFT for giving ownership of authentic branded products to the metaverse residents. Like the way we flex our social standing in physical world, same way we want people to carry their lifestyle in metaverse world too.
And here we will put best questions from our members and Trace Network fans:
Q1. Since NFT market shows an incredible growth of 300% just the past year and a lot of big companies are “putting their eyes” into this market. How do you think Trace Network can contribute to the NFT World ?
Trace Network will make people to look good with the Limited edition Luxury products on our NFT Marketplace BLING, which will be wearable on your digital twin, aka Avatars, and can be carried to ANY Metaverse.
Q2.There are so many NFT Projects coming nowadays, & chances of being popular & long term are very small for all, Why do you think Trace Network will get a big user base in the future?
We, humans are already living a SecondLife in the form of our virtual self in various spheres of life & activities such as games, concerts, meetings, & more.
And with different version of metaverses coming over, it is really important to create a bridge for the metaverse resident to easily move from one metaverse to another along with their digital wardrobe to dress them up .
Trace Network Labs with META Buddy, will be enabling the millions and soon billions of people to create their Avatars which can carried be to ANY Metaverse. And, these billion people would also need their wearable digital products to attend concert or games or virtual meeting in metaverse, which they would be able to buy from BLING Marketplace. Thats the experience Trace Network labs want to give to the world. So, why would somebody not want to experience it!
Q3. I read that in fact the token will be used for various community incentive programs and other outreach programs. Can you tell us a little more about this? What programs do you want to encourage and what is the purpose behind it?
Absolutely, our tokenomics has a substantial share for the community incentives , which shall be released with various upcoming campaigns.We have planned very innovative community incentivization program especially for the trace holder. These incentives are linked to the real life utilities as TRACE is. These Community incentivization campaigns are linked with product roadmap and shall be revealed on our Official TG group https://t.me/tracenetwork.
All we can assure is we will give TRACE community to engage with aspired global retail brands in a very very innovative and never before manner. We request you to just stay tuned to trace’s official community.
Q4. Southeast Asia is a very vibrant market and many project developed here so with
Trace Network project what do you think about Southeast Asia and do you have any plan to develop here?
Absolutely, this region has great communities with good understanding of NFTs and blockchain. And we are trying every possible way to increase our reach to each one of these Sourtheast Asia communities.
And, with more companies like Facebook , Microsoft who are building different type of metaverses to give some good experience to people, so everyone would be interacting with some form of metaverse in coming years and all of you would want to carry your style statement in metaverse with NFTs bought from BLING Marketplace. And thus all communities are important to us
Q5.Could you introduce briefly about #TRACE tokenomics? And tell us more about Total supply and Starting price per token? How many tokens will be minted in future and how many tokens will be locked by the team/Investors?
Well, the total supply of Trace is 100 million tokens. The public round will be at 20cents per token.
The token distribution has been done keeping in mind the community and developer ecosystem’s importance in mind. Almost 31% + is kept for them in our tokenomics. Team and investors also get almost same share .
Q6 I’ve seen you’ve done many AMAs, my question is, what do you expect to get from many AMAs and what are your goals with the community? Do you consider the community a key role in the project?
We believe a loyal community which stays with project with long term vision is all what Trace Network Labs needs to be worlds biggest Fashion house for metaverse residents! Nothing more imp than a community!
We want you to experience the metaverse with confidence . Dress your avatar and make your style statement in metaverse world too! We assure to give you the best brand’s limited edition products exclusive for the metaverse !
Q7 Welcome Sir,
do you own any of
- Telegram group
- YouTube channel
- Tiktok channel
For this project? Where can we learn something? Please share the link with us.
Join us on our official channel https://t.me/tracenetwork.
Q8 Is your platform suitable for crypto beginners? Or is it only attractive to professional users?
A person who has crypto wallet and experience on online shopping would find the BLING NFT marketplace experience more simpler and interesting one. Stay tuned on our Official channel for BLING NFT marketplace launch details. Its round the corner!
Q9 Security is so important with every project and platform. How does keep users’ assets and personal data safe from hackers? What are the security measures for your project?
We are using standard ERC 721 contract for minting NFTs without any change, and once you buy NFTs, its in your wallet. So, its all safe!
Q10 What is the main role of your token? What are its use and investment benefits?
Essentially, trace token is going to be acting as a key governance attribute to be used by token holders for voting and enabling various protocol parameters especially in the brand selection etc
Further, trace token will be used as fuel for minting NFTs for the millions of merchandise every year.
Plus, token will be used for various community incentivization programs and other market outreach programs.
Trace Token holders will get incentivized in various ways, like getting priority access to auction of the Limited Edition NFTs on BLING etc
And this was the end of our AMA with Trace Network.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://trace.network/
Medium :- https://medium.com/trace-network
Twitter :- https://twitter.com/trace_network