RECAP#AMA1057
#AMA1057
CryptoFury x BicycleFi
⏰ Time: August 22th , 1:00 PM UTC
💰 Reward Pool : 100$ USDT
💎 Place : https://t.me/CryptoFury_Chat
Question for Part 1- Project overview:
1. First, can you please give a small introduction about yourself?
Jane | BicycleFi : I have been in blockchain market for about three years, and I am still amazed by the possibilities this new economy can bring. I’m very happy to be here today to talk about our project — BicycleFi 🔥
Thanks CryotoFurrry Community for being warmly welcome us ❤️
2. Can you briefly describe what BicycleFi is so far?
Jane | BicycleFi : For an overview, BICYCLEFI is a Web 3.0 lifestyle Dapp & app with inbuilt Game-Fi , Metaverse, Social-Fi elements.
BicycleFi is built by the daily movement of people. Bicycles are used in delivery activities, sports to improve health, racing, touring. We are following to effectively bring to life a functioning move & earn concept, the first project to apply blockchain technology in Bicycle app .
Users equip themselves with NFTs in the form of Bicycles. By Cycling, moving , delivering or Cycling outdoors, users will earn CYC tokens, which can either be used in-game, or cashed out for profit.
The first phase in Game-Fi, BICYCLEFI aims to nudge millions toward a healthier lifestyle, combat climate change and connect the public to Web 3.0, The project deals with the Social-Fi aspect of the community of users, building a lasting platform to promote Web 3.0 content ❤️
Part 2: Pre-selected questions from our community
1.Would you mind updating any hot news or big events of BicycleFi to attract more users in the this time?
Jane | BicycleFi : Going forward we have a lot of events and news for our community. Although the current market situation is very bad, but I think our project always needs continuous development and innovation.
Currently running events: make video-get reward with a total prize pool up to $10,000. We are also running a bug bounty event with a total prize pool of 500$ and AMA series.
2.NFT and Metaverse are growing very fast, does BicycleFi have some barriers to entry into this marketplace? What are your plans to unlock market’s full potential, in order to compete with other NFT Games in this rapidly evolving market?
Jane | BicycleFi : I agree with you that NFT and Metaverse are growing very quickly, but it’s not a big deal
We know that a lot of people are passionate about bicycles but have no knowledge of blockchain. And more than that, even though there are many people who love bicycles, it is still not enough for us to achieve our development goals in the long term.
The exposure of this problem is a challenge for BicycleFi at this stage will change some of the operational mechanisms and create more content to better adapt to the market and meet the needs of the users, but also an opportunity.
Expanding more guild resources on top of the existing guild cooperation.Currently, we are looking to actively explore global market, we have already established contact with a number of guilds. We are also in contact with the most influential industry practitioners around the world to discuss.
That’s is the plan we make to adapt with this really fast environment
3.I haven’t seen anything about the CYC token. Can you talk about the project’s intentions for this token?
Jane | BicycleFi : Regarding to CYC token, CYC is the in-game token of BicycleFi, where most of the actions will consume CYC, such as: PVE, upgrading items, recovering energy, crafting equipment, bicycle repairing and so on. You could earn CYC from Daily work.
- Ticker: CYC
- Blockchain: Binance Smart Chain
- Token Standard: BEP-20
- Contract: will be announced when listing
- Total Supply: unlimited
- Circulating Supply: CYC
We have a plan to list CYC tokens in the near future. The expectation time is September 10 to 15 on PancakeSwap Exchange
4.In the short term, it appears like cryptocurrencies are entering a “downtrend” phase. What guarantees that the project will progress sustainably if the market enters a “winter season” and fewer fresh investors are attracted?
Jane | BicycleFi : Well, it’s a interesting question
we’re all knowing that the market is entering the “winter” season and all things seems slow down.
But when it comes to the micro economy of the GameFi, NFT, and Web3 sectors is all continuing to expand despite the downward macroeconomic pressure we are currently seeing. We must continue to be competitive in the gaming industry, economic systems, game guild alliances, etc.
we’re non-stop to warm up our community by minigame and updating about product’s status to make everyone keep the eyes on us
5.On which platform do you plan to sell your next INO?
Jane | BicycleFi : About INO sales, we have the Phase 1 of INO ended on August 16, 200 boxes sold out in less than 1 hour.
And phase 2 we plan to open on August 30. Estimated number of boxes is 1800 boxes on our BCF Marketplace
Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community
1. Community involvement is crucial to every project. What would BicycleFi do to maximize user benefits and grow this community, I want to know
Jane | BicycleFi : I like this one cause the community is the top 1 priority in my project
Community involvement is crucial to every project. What would BicycleFi do to maximize user benefits and grow this community, I want to know
That is correct! We are aware that community support is essential to any project’s success. I want to thank all of the BCF supporters for joining us so far.
We constantly show respect to everyone that has supported and believed in us from the start. And we are making an effort to concentrate on consumer benefits day by day.
Our products are in the finishing stage, we bring a lot of interesting experiences for users
Besides, we have a lot of games and events to reward the community, you can follow us on our channel.
Not only that, we always listen to the opinions and aspirations of the community to bring the best benefits to users.
That is the vision for the future of BicycleFi which brings more benefits for our community .
Now I’ll choose the question number 2
2. How many boxes will be sold in phase 2? Is the price expected to decrease or increase compared to phase 1?
Jane | BicycleFi : I’ll pick this
i wanna talk about our upcoming INO sale
As expected, phase 2 will have 1800 boxes sold. And the selling price will still be the same as phase 1
3. Is your Project A COMMUNITY only for English speaking an few countries or for users not of other languages??
Jane | BicycleFi : this is the next question
Is your Project A COMMUNITY only for English speaking an few countries or for users not of other languages??
my answer is certainly we have many communities for local members
4. I have been following your project for a long time and I feel that the CEO and dev team know how to listen to investors’ opinions. Is it a strategy to retain investors? Or can you tell more about the strategy to keep investors with your project?
Jane | BicycleFi : and this is the impressive question when asking about our carefulness
I have been following your project for a long time and I feel that the CEO and dev team know how to listen to investors’ opinions. Is it a strategy to retain investors? Or can you tell more about the strategy to keep investors with your project?
this is the question number 4 I chose
Yah, that’s right. Our CEO and dev team always listen to investors’ opinions.
Our project has always think that: good products, real quality will have the loyal users. And the task is to convey this to the community, by: Through AMAs, Kols, events that bring real value to users and promote products widely. We have also connected with major presses, crypto presses to cooperate in building the category: BicycleFi-cycle to earn. Convinced that our experiences, missions, plans and goals will attract the community, develop a stronger BCF community.
5. How many types of NFT in BicycleFi, tell us how many of these need to buy to start in the game and making a profit? How valuable is NFT in BicycleFi in terms of profitability and utility in the game? Can players exchange their NFT in-game for a profit through Marketplace?
Jane | BicycleFi : I like this one
We have 6 types of NFTs, which are Road bike, Hydrid bike, BMX bike, City bike, Mountain bike and Touring bike. You can see more here https://docs.bicyclefi.io/play/game-fi-elements/bicycle-characters
NFT is a non-homogeneous token, as we all know. The NFT ecology is enriched with works of art and phenomenon-level chain games, making NFT a significant component of the blockchain. The BCF team ultimately opted to deploy six different NFT kinds. To adapt to various terrains and user needs, each variety of NFT has unique shapes, specifications, and qualities. I think my personal favorite NFT is a road bike because it has the most speed range and is the easiest to obtain.
