we hosted an amazing AMA with TsarNetwork on the 29th of October
And here we will put some of the best questions:
Q1. Can you please introduce yourselves as well as TsarNetwork ?
Nick : My name’s Nick I am a team member and represent tsar network as a telegram admin and Junior designer/ advisor
Tsar uniform :I’m with the development team working on Tsar Frontend platform and the Tsar Chain. Prior to this I have experience in data warehousing, data analytics, Big data, and in blockchain world Tron project that was already a big hit.
The Tsar Network is the world’s first blockchain platform with a drag-n-drop contract builder — a visual environment to easily design blockchain applications that reduce complexity and slash deployment time to accelerate blockchain proliferation in everyday life.
The Tsar Ecosystem is an integrated network consisting of a frontend platform for end-users, a blockchain underneath that services the platform, and a utility token that enables a powerful economic model across the whole network — an ecosystem that empowers you to carve your digital financial world the way you like.
Q2. What are the advantages of Your project ?
Tsar uniform: Ours is the most unique project in the blockchain world as we speak. The current blockchain world is heavily developer-focused. Tsar wants to create equilibrium by providing a platform that is both dev-friendly as well as user-friendly. Blockchain can not get mainstream until technical barriers are broken and the non-codeholic majority is taken into consideration. Tsar zero-code approach lets non-technical users focus on the business, not the code.
In simple terms, You just DESIGN, VALIDATE, SIGN, AND PUBLISH
WE HANDLE THE CODE.
And to be honest something like this has never been thought before us in the blockchain. Sadly all focus has been on devs, no body thought of the 99% non-techncial majority of the world. We are giving the control of blockchain in the hands of general public.
We have wallets, escrow serveices, markets, and vaults
We have an economic model that shares 50% of the platform revenue with the users.
that pay you life long passive income in BNB
Q3 please tell us about the goal you want to achieve in this year
Tsaruniform : Our goals this year are to complete our ICO and the DEX listing on pancack swap in order for the users to be able to trade our token. New marketing partnerships and a heavy PR campaign. To speed up the development on escrow and wallet services for us to be able to launch them in Q2-2022. But the biggest thing for this year is that staking vaults will be online this last quarter. You will be able to see your TSAR staked in vaults and the BNB income that you incur on it.
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?
Nike : There’s always a great vision behind successful things. Tsar has both, a vision and a story. While it may be too early to share the full story, I can give you a glimpse of why Tsar and what Tsar wants to be. One of the cofounders of Tsar developed a serious illness that could’ve been life-threatening if progressed in the wrong direction. They had small kids, like very small. Being a blockchain and crypto-enthusiast it was a shock for them when they ACTUALLY wanted to implement any smart contracts about digitizing their assets and arranging a seamless transfer to their kids. The biggest blockchain use till date remains a new token and coin issuance and even that isn’t easy for non-technical people. Want to mint your coin? Either program solidity, go to ETH remix, find a dev – or good luck battling with the code. If this is the situation for a well-established use case – then forget about other smart contracts, real-life business between people, organizations, friends, families. Tsar wants everyone to be able to design and implement smart contracts with few clicks of a button and few keystrokes. This is one of the stories and motivations behind Tsar Network.
CEO has a decade of experience in Fin-tech world. The co-founder and CMO is a top notch expert in brand guardianship and has delivered highly impactful campaigns forsome top brands. The lead blockchain dev has worked on AI based image processing systems in Fujitsu and augmented reality. And there are a number of sub teams working on different aspects of the project coming from diverse backgrounds.
A number of factors led co-founders reach this name. Tsar (pronounced zɑːr) is a title used to designate East and South Slavic monarchs or supreme rulers of Eastern Europe. The term is derived from the Latin word caesar intended to mean “emperor”. The Tsar Bomba was a hydrogen bomb developed in the Soviet Union (USSR) and the most powerful nuclear device ever detonated. Like Tsar Bomba was a technological wonder, we want Tsar Network to evolve into a fintech marvel, one of a kind of a platform where users don’t need to look elsewhere for their financial and e-commerce needs. Interesting to note that one of the co-founders is of Russian descent, so it became kind of “legally” easy to prove Russian connection with the name.
And here we will put best questions from our members and TsarNetwork fans:
Q1) Currently, almost 80% investors only focus on price of token in short-term instead of the real value of project. Can you tell us the motivations and benefits for investors to hold TsarNetwork’ token in long-term? Is there any giveaway event for these investors?
Tsaruniform: How long before an average ICO “STARTS” rewarding its backers? At Tsar first surprise will come to an investor just 7 days after the sale when they 85x their USD500 in the form of a Ford Mustang MACH-E SUV. That’s how rewards should be. In addition to that we are re-inventing the rewards paradigm and economic model. At Tsar there are rewards for staking TSAR, there are dynamic rewards for operating nodes, being in governance council, and contests for community. But the biggest thing is our generous economic model of straight away sharing 50% of all platform revenue with the users “FOR LIFE”. We don’t think that the like of this exists currently in the blockchain world. We have a seed round going right now, which will be followed by a pre-sale and a DEX launch. All these rounds have staking bonus added to them and you will get your tokens with bonus. So there is short term rewards and long term rewards. We have thought about every aspect.
We will produce something that will in future proliferate at a grand scale and that’s when the real utiltiy of platform and the revenue and the passive income for our stakers kick in.
Q2) Safety and security are always the most important issues. How will the team resolve if there is an unfortunate security problem on the TsarNetwork ? Has the team thought of a workaround for this problem?
Security is paramount. Tsar Netowrk has multi-tiered security at every level and is guarded by state of the art security protocols and industry best practices.
All data in transit and at rest is ecncrypted using the strongest algos.
All data is strictly classified even for Tsar employees on a need to know basis.
All intermediate nodes and end systems are gaurded and monitored.
There’s a SIRT security incident response team incharge of all logging, response, AAA model etc.
90% funds will be held in offline cold wallets.
all hot and cold wallets are protected by multi-sig technolgoies and not a single entity evern at Tsar Core HQ has authority to spend or move funds.
Interfi audit has been done and certik audit is on the way.
Q3) When it comes to platforms like TsarNetwork, security is a fundamental pillar. What are the security protocols that you have included in your platform to protect all the assets and products of your main commercial partners and users?How invulnerable are they to malicious attacks?
Like I said security is of utmost importance to us.
I have already replied about the infrastructure security. Regarding the malicious attacks on TsarChain we don’t see them possible as TsarChain runs on modified versions of POS and BFT at several of its layers. TsarChain already has a distributed storage architecture and in dBFT it’s impossible for a single malicious entity to compromise the network.
Q4) TsarNetwork is currently going well and is receiving positive attention. What will you do to get more exposure and adoption? What is the TsarNetwork message for the Community today?
The biggest challenge is the unawareness of general public about blockchain and the non-serious attitude of 1% population that are so-called crypto users – they should better be called coin traders. The first segment doesn’t know what blockchain is and what it can be. The second segment is not ready to let go of the lust of quick gains. Their vision has already been limited by the memes and P&D coins multiplying like worms here and there, everywhere. They don’t seem to recognize how important is it to abandon the meme bandwagon and support projects that can actually change their lives for good. So the biggest challenge is 99% ignorant non-technical majority and the 1% unwilling-to-change tech minority. Our message to the community is that we can be more if we
following hypes and memes. If you allow can be share a video here that can serve as our message for the community? Please consider this as a special favour you bestow upon us 🙂
Q5) What is your opinions about the presence of whales? Is it necessary at the early stage or you intend to focus on smaller investors? How will you strike the balance between whales and small investors?
In Tsar contract, no single wallet can control more than 1% of the total supply. We don’t see many projects doing this. Tsar is a fair trade game for all. No one gets preferrential treatment just because they hold more Tsar. The dividend scheme is pretty fair in allocating income at a fair universal rate for all holders, we do not give unfair weightage to any wallet. Everyone gets rewarded according to their stake. And we want to share that with the release of TsarChain, the management of critical features on TsarNetwork would be delegated to the Tsar community. The community, through voting, would select Governors who will play a major role in controlling the community as well as assurance of basic blockchain functions like block generation, bookkeeping, modification of network parameters and several key elements. So in the end community itself will continue safeguarding the interests of big and small investors alike.
Q6) Do you have a token burn or buyback program plan to attract investors?
Nike : We have continuous buy back and burn with our tokenomics.
Theres a buy back and burn with every transaction,
Buying
0.5%
Selling
1%
And there will be burn event for unsold tokens of the ICO before dex launch
Q7) NFT is really a hot topic in the cryptocurrency market now. So how is your project planning to develop NFT then how is your project planning to integrate it with DeFi!!!!?????
Tsaruniform : Do you know about DRMs? The famous copy-protection schemes of 80s and 90s? Same digital rights management just got smarter, got implemented on blockchain, with a cool new name. That’s it. At its core it’s an anti-piracy idea implemented on blockchain. While it is cool, and we may move towards it, we don’t see it a top priority in our project. There’s much more serious work to be done than making yet another NFT platform to sell pics and vids. For us it’s no different than a work of art getting displayed or auctioned on a non-blockchain platform and in the end the successful buyer getting a certificate that they own that piece of art. It’s cool to have all this implemented on blockchain, we will not hype Tsar around a technology that has been over-hyped to lure people in. It will just become a normal thing in coming years when all the hype dies just like what happened to DRM. Today you can subscribe to any of the thousands of streaming services, you just don’t care whether you paid dollars to OWN a soundtrack. However what will remain of this is if these NFTs are some in-game assets or something to be used in a game universe or alternate economy – that has potential. That will have a ecosystem of its own. Again that is something we might take a look some time down the road – but not before some major things.
Q8) Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the community project?
Nike : Governance tokens have been reserved, check out token allocation on the website, tsar.network
Governance program is yet to be made public, we are working on it as we speak
I can tell you this much after dex launch we will make governance structure public and governors will be chosen depending on their stake and a voting mechanism.
They will have all the rights pertaining to the project operations and management. I.e. important decisions that matter
Q9) I would appreciate it if you could share the next updates with us. What is the most ambitious goal of the project? What should the community look for?
Tsaruniform : The most ambitious goal is to put YOU, THE END USER IN DRIVING SEAT OF THE BLOCKCHAIN. Do you start CODING an SMTP server when you want to send an email to someone? Why is it expected to know coding when you and your friend want to mutually enter into a smart contract? We are taking devs out of the equation just like other internet technologies you the endusers use on daily basis. The current blockchain world is heavily developer-focused. Tsar wants to create equilibrium by providing a platform that is both dev-friendly as well as user-friendly. Blockchain can not get mainstream until technical barriers are broken and the non-codeholic majority is taken into consideration. Tsar zero-code approach lets non-technical users focus on the business, not the code.
Q10) Based on what I see that you have TSARHEX and TSARBOLT features. However, I can’t know more about this feature, can you explain to us in more detail? What benefits does each feature offer to users?
Nike : The most ambitious goal is to put YOU, THE END USER IN DRIVING SEAT OF THE BLOCKCHAIN. Do you start CODING an SMTP server when you want to send an email to someone? Why is it expected to know coding when you and your friend want to mutually enter into a smart contract? We are taking devs out of the equation just like other internet technologies you the endusers use on daily basis. The current blockchain world is heavily developer-focused. Tsar wants to create equilibrium by
a platform that is both dev-friendly as well as user-friendly. Blockchain can not get mainstream until technical barriers are broken and the non-codeholic majority is taken into consideration. Tsar zero-code approach lets non-technical users focus on the business, not the code.
And this was the end of our AMA with Tsarnetwork.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://tsar.network/
Twitter :- https://mobile.twitter.com/tsarnetwork?s=11
Reddit :- https://reddit.com/r/TsarNetwork
Facebook :- https://www.facebook.com/TsarNetwork-105481808546769