we hosted an amazing AMA with Vain Token on the 5th of July
And here we will put some of the best questions:
Q1. Can you introduce yourself to our community?
Yes, my name is David Llewellyn and I am the owner of the project $Vain token and I am from the untied states of America
Q2. Can you briefly tell us what is Vain Token?
Yes, vain token is a deflationary crypto currency project that aims to sustain and restore the environment by planting trees around the world through charitable companies such as trees.org
Q3. Let’s now talk about the milestones you have achieved so far and about your upcoming plans?
We are very proud of our milestones so far.
Recently we did our first donation of $5000 to trees.org to plant 20,000 trees.
Our community is growing everyday.
We as of today were listed on coin market cap and were able to achieve a 1 million solar market cap.
Upcoming focus will be to give a larger donation, continue to grow our community of holders, and exceed a 5M to 10M market cap.
Which is just the beginning
We are also looking at listing that we will be going after in the next fews weeks.
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?
Yea the team of developers were originally from Belgium/Netherlands area.
When I first came across it I was so excited to find a project that had a great objective and actual use case, a real purpose.
So I invested but there were some issues that the original developers did not for see, technical and team me never differences so the project was not heading in the right direction.
I decided to reach out because I loved the project so much and the purpose behind it that I offered to take over the project as owner and with my resources and experience in marketing I would continue on.
They agreed and I had a community that was very supportive and agreed as well.
Today we are very much stronger and the future of this project has endless opportunities because at the end of the day we want one simple thing and that is to make the world green again and at the same time our investors who hold over time would see a nice return on investment.
Q5. DeFi is one of the hottest and most sought-after topics in the blockchain space right now. Can you share your opinion on DeFi with us? Do you think DeFi will disrupt the current financial system? What is Vain’s approach to the DeFi sector?
You are absolutely correct on this. Defi I believe is the hottest thing because it is a form of gaining interest on those investment.
I believe the way things are going we will be looking at exchanges that will promote defi more and attract more investors to hold their investment with that exchange.
Vain is unique because not only do investors incur reflections/interest while holding but the more investors and the more trading that happens with the defi function allows the donation wallet to grow and help us to grow more and more trees.
Not only are investors gaining profits but at the same time saving the environment.
And here we will put best questions from our members and Vain Token fans:
Q1) Do VainToken team decide the charity pools? Will it be possible in the future community of VainToken also have a word over deciding charity actions? Is there also some benefits for users who contribute charities? What kind of incentives will donor have in VainToken?
Yes absolutely, this is mainly a community driven token and we have regular discussions with our investors on voice AMA on what we plan to do next. Right now we are focused on planting trees but as we expand we will be looking at other charities that we can assist in sustaining the environment.
As I mentioned before the incentive as because this is a defi token investors do see their tokens increase the longer they hold due to the tokenomics
Q2) Without sufficient fund any project can not carry out their development whatever it is good. To me the main priority is to have sufficient funds to run a project. Is your team financially able to carry out this project? How this project generate revenue for both project & users?
There are sufficient funds to keep it running. Our project is currently a little over a week old and the way our tokenomics is designed is that every transaction incurs a 10% tax 5 % to liquidity, 4% to holders and 1% goes to marketing and or funds that need to be used for listing and such things. As the community of investors grows so will funds. Initial investment and some marketing was of course paid by owners to start up.
Q3) We all know that the Ambassador plays an important role in the growth of every projects? Does #VainToken already have an Ambassador program? Then, what are your plans for GLOBAL expansion, getting Customers, Users and Partnerships to build and grow it?
As of right now we do not have an official ambassador and we would like the right person. So far the project speaks by itself and what it does.
It promotes good cause and anyone who looks at our projects will agree that at the end of the day who does not like to contribute to saving the environment.
Q4)VainToken is the only project I have seen that in addition to offering something innovative through the blockchain, it also offers a solution for the care of the planet, however, how many trees have been planted so far and what is their location?
In the short time we have been here we have donated $5000 and 20,000 trees have been grown in Africa.
They teach the community there how to utilize trees for food and survival.
Q5) The crypto market has expanded rapidly, many sectors and new technologies have been incorporated in combination with the traditional one, which are the strongest competitors that #VainToken has and how can they develop in that regard?
As far as competitors I can say I do not believe we have any right now that is focused on the area that we are in.
There are many tokens and many that are trying to solve the same
Vain token is going beyond the traditional “let’s make money” but we want to give back and make this planet have a sustainable
Q6) As a community member to what extent I can participate in the token governance?
Do you really consider our suggestions??
Yes we do, on AMA we take suggestions and marketing Stratieies even donation opinions
Q7) Do you have a Token Burning plan to increase Token value and attract Investors to invest?
We do have this plan and we have the option that in time will use
Q8) How do you plan to spread your understanding of the project in different countries where spoken English is not good like me?
Through social media, ama like this, hopefully news channels and YouTube
We plan to do merchandise and wear them while doing our work to spread the word
Q9) I am completely unaware about your team and background. Can you tell me whether are anonymous or public?I am completely unaware about your team and background. Can you tell me whether are anonymous or public?
We are public, on our telegram group I have a video and am full doxed of myself
Q10) Do you plan to spread this project GLOBALLY to non ENGLISH COMMUNITIES, or some communities are restricted
Can you share your TOKENOMICS, do you have plan for burning and buy back mechanism?
There is a option to burn yes but not rehired right Now
And this was the end of our AMA with Vain Token.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- http://www.vaintoken.com/
Twitter :- https://twitter.com/Vaintoken
Discord :- https://discord.gg/vaintoken
Instagram :- https://www.instagram.com/vaintoken/