CryptoFury Community x Microtuber
⏰ Time: Nov 30th , 5:00 AM UTC
💰 Giveaway : 200$
💎 Place : https://t.me/CryptoFuryVN
Part 1: 2–3 project overview questions.
Q1) Can you briefly introduce yourself as well as Microtuber? And from where you get the project name? What does it mean to you? And why you choose this name for your project? What is your mission and vision to build this project? What you want to achieve Through your project in future?
I am engaged in several large scale international trade of commodities including metals and lumber, and involved in crude oil trade between Saudi Arabia and South Korea.
Since 1980, I have been working with interest in the seed business. Beginning of 2015, I have developed an interest in blockchain and since then, have established a deep interest in Microtuber, a company that combines agriculture and blockchain
Q2) What strengths do Microtuber have to compete with competitors?
Microtuber is a company created to develop innovative agriculture seeds and products so that the world can survive in preparation for the upcoming food war.
We created unique formulated organic fertilizer that are applied to all crops of Microtubers to enhance and increase Saponin content of the products. Microtuber continues research and development to allow seeds to obtain maximum yields with the best nutrients, and enhancing certain aspects, such as Saponin.
It can be said that our strength is to combine these innovations in agriculture with blockchain technology to develop various crowdfunding projects such as real-life agriculture staking on Seed-Box. These projects are then supported financially and products are harvested and sold on our platform, myFarm Marketplace.
A unique, and fun way to stake in agriculture and watch your projects grow and to be able to purchase them on the marketplace and receive rewards in MCT.
We incorporate these aspects of Defi and will implement these platforms to work cohesively with our upcoming metaverse.
Q3) What are your significant achievements till now and what are your other plans for this year?
In the early stages, Microtuber officially listed on Gopax exchange in March of 2021. We have since then developed Seed-Box Staking platform and myFarm marketplace app for android and ios devices. We have developed our own R&D lab and smart farms in 2nd quarter of 2021 and developed a unique organic fertilizer that significantly improves and enhances saponin content in agriculture products. All of this is backed up with several lab tests that can be found in our social media and our marketplace.
We have recently completed building our own cross-chain bridge, which will allow swapping between erc20 and bep20 MCT tokens. We completed the beta test of the cross-chain bridge and will be launching our MCT token on the binance smart chain to prepare for PancakeSwap listing.
Edward, [11/30/2021 12:12 PM]
To summarize our short-term and long-term goals:
Edward, [11/30/2021 12:13 PM]
4th Quarter, 2021:
- MCT going Multichain
- PancakeSwap listing on December 3, 2021
- Cross-chain bridge launch on December 9, 2021
- Seed-Box global staking support
- Microtuber enters US market
1st-2nd quarter 2022:
- Metaverse MVP (Phase 1)
- Digital Identity/Avatar
- “myFarm” L2-MCTP (Layer 2 Multichain Transfer Protocol) Development
- Seed-Box to support Multichain staking
- Global version of myFarm Marketplace app
3rd-4th quarter 2022:
- Metaverse (Phase 2)
- Global distribution of patented Microtuber organic fertilizer to boost saponin content in agriculture products
- Farming for NFT Project Launch
The future of Microtuber will be in the metaverse, nft and p2e sector.
Segment 2 includes the 5 best questions picked from our community. The guest will help us solve it
Q1) Is the tokenomics and distribution model already out? Where can I get them? Can you share the details with us here?
Edward, [11/30/2021 12:14 PM]
Sure, i will list the breakdown of the MCT token allocations and lockup schedule below:
Edward, [11/30/2021 12:14 PM]
Maximum Total Supply: 10,000,000,000 MCT
Current Total Supply: 9,997,560,221 MCT
Current Circulating Supply: 882,265,869
Current Market Cap: $8,607,871
Seed-Box Platform (50%): 5,000,000,000
10% 6-month lockup
36-month vesting afterwards,
10% 48-month lockup
12-month vesting afterwards
Company Reserve (13%): 1,300,000,000
36-month lockup 24-month
Core Team & Founder (10%): 1,000,000,000
12-month lockup 48-month
Marketing (9%): 900,000,000
50% 8-month lockup
36-month vesting afterwards
Token Sale (8%): 800,000,000
Early Investors & Advisor (5%): 500,000,000
12-month lockup 48-month
Bounty (5%): 500,000,000
90% 8-month lockup
36-month vesting afterwards
Edward, [11/30/2021 12:15 PM]
It is currently an ERC20 token but will soon be multichain and will support MCT as BEP20 token as well. The total supply and token economics will always be in balance between these two chains.
Also, our team believes in the vision of Microtuber and is dedicated to go long-term with the project, therefore we have a very tight lock-up schedule and also do buy-back and burns, as evidenced by reduced total supply on etherscan.
More information about the token allocation and distribution can be found in the whitepaper on our website.
Q2) At the moment, where Microtuber are focusing right now? Building and developing product or getting customers and users, or partnerships? Could you share it?
At the moment, only Korean KYC users are able to trade MCT on the Gopax Exchange. We are focusing on expanding our token utility and accessibility to global users.
To do this, we have created our own cross-chain bridge that will allow the MCT ecosystem to expand to the binance smart chain and to list on PancakeSwap for global users to be able to trade.
We will be listing on PancakeSwap on December 3, 2021 at 7:00AM UTC and launching our Cross-chain bridge on December 9, 2021.
This is also the first step towards development of our upcoming Metaverse MVP in 1st quarter of 2022.
The Metaverse currently under development is Microtuber’s MetaFarm. MetaFarm will combine the three elements of Metaverse, NFT, and P2E with blockchain. In the MetaFarm, users can freely cultivate various crops in the LAND they choose. All elements, such as LAND, SEED, and items present in the Microtuber MetaFarm are made of NFTs, which can be traded freely on the marketplace.
By introducing the P2E element, users can participate in staking with crops harvested through farming and exchange them for MCT. Additional rewards will be given to users who own LAND or complete various missions.
In addition, various events and contents will be provided, and more development news will be delivered on our social media about the MetaFarm developments.
Microtuber will be focusing on creating blockchain partnerships as well as business partnerships.
We are in discussion with a major Korean franchise retailer that will utilize our specially formulated organic fertilizer to create a high-saponin content coffee for distribution worldwide.
This partnership will enable a new staking campaign on our Seed-Box platform and give special rewards to users who participate in the staking program.
Please look out for major partnership details in our news in the near future.
Q3) Marketing strategy is very important for every project. A product be established on the market without marketing & promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?
Yes that is correct, marketing and community relationship is a very integral part of a blockchain company.
We believe that the blockchain and business aspect needs to work cohesively together. Therefore, Microtuber will focus on conducting online and offline marketing together.
Offline Marketing: Currently, Microtuber has corporations and teams established in several countries, including the United States, Russia, Kyrgyzstan, India, Indonesia, and Cambodia.
In addition, we are continuously partnering with various supply chain companies in many countries to prepare to distribute microtuber’s seed potatoes and organic nutrients, world wide.
Online Marketing: we will continue to do AMAs where we can communicate with new communities and expand our presence through marketing on various social networks such as YouTube, Facebook, Twitter, and blockchain community forums so that we can reach all targets of communities around the world.
In addition, we believe transparency is very important to establish a strong community support, so our company will continuously share any progress and be very open about our business as much as we can.
We would like to ask for your community’s support in the future as well. :)
Q4) Southeast Asia is a very vibrant market and many projects developed here, so with your project what do you think about Southeast Asia and do you have any plan to develop here??
That’s correct. There are many great projects being developed in Southeast Asia. As you all know, Axie Infinity is a top tier project developed in Southeast Asia and attracts a lot of users with it’s great content and game mechanics.
Our company combines agriculture with blockchain and in the 1st quarter of 2022, we will be launching our own MVP metaverse, MetaFarm. Various contents will be created and released through different phases in each quarter of 2022.
If we have a good opportunity in the future to form a partnership with a company in Southeast Asia that can work with us to bring synergy, then of course we plan to develop the project together.
Q5) Many projects have similar features & services, but I can see that you are bringing out new innovation with your project. In the end, what will be your vision? What are you trying to achieve in the long term with your project? What are your plans to get there?Wonik:
Our company has a philosophy. In the future, climate change and pests will lead the world to an era of food war.
Microtuber is a Verified UN Global Vendor. (Vendor #521001) and is helping many countries with food problems with the world’s first seed potato seed expansion technology.
We created and own a technology that can repair crops and land destroyed by pesticides and fertilizers by planting newer generation seeds and organic fertilizers in order to increase food production in regions ravaged by these chemicals.
Microtuber is a company that is preparing for the global food war by distributing seed potatoes, agriculture seeds, and organic nutrients through MCT tokens anywhere in the world.
In the coming future, we believe that farmers in any country around the world can buy and trade seeds in a decentralized way without the use of an intermediary bank.
The goal we want to achieve in the long run is to overcome the food war when it arrives.
To that end, we will continue to focus on the agriculture and blockchain business and to develop projects that combine the two businesses together in a cohesive manner.
We have currently developed a Defi staking platform, called Seed-Box. On the platform, users will be able to stake MCT in select crowdfunding campaigns hosted by farmers to help fund their farming projects. Through staking, the farm and investors are connected, and the actual staking products are harvested by investing in the farm with the amount of staked MCT.
After staking, crops will be sold on our platform, myFarm marketplace app (android and ios).
Sales are limited to South Korea, but they are being prepared to be sold at overseas branches soon.
With the development of the Microtuber project, it first started with one main crop, Seed Potato Staking Project, and now supports a one-year roadmap with a total of 16 stakings projects. New innovative crops for staking will be added as time goes on.
Currently, Microtuber’s MetaFarm that combines Metaverse+NFT+P2E aspect is being developed, and the MVP will be released in the 1st quarter of 2022.
You can find out more about our 1-year staking roadmap:
In segment 3, there is 1 minute for all members of the community to ask questions and the guest will help us choose 5 typical questions to answer
Q1) Hello MCT. What is your listing strategy? Especially when MCT also available on BEP20 version. Are there any exchanges you already contact with?
Currently we are listed on Gopax exchange, but we are listing on Pancakeswap on December 3, 2021.
Shortly thereafter, we are planning to list on global centralized exchanges and also domestic exchange in South Korea.
As the metaverse + nft trend is here and exchanges are mostly focused on these type of blockchains, we will be focusing on listing for 2022 as our metaverse project MVP is released.
Q2) Do you have any BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Yes, we currently have held few buyback and token burns to increase the value of token and keep a healthy sustainable token economy. We plan to continuously do so periodically. Burns can be checked on our etherscan for transparency.
Q3) As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the Microtuber platfrom?How to ensure the safety of customer assets?
As an investor, safety is always one of the biggest concerns. What kind of security protection do you provide for the Microtuber platfrom?How to ensure the safety of customer assets?
Yes that is correct, smart contract vulnerability is a big risk to the business, exchanges and to investors of Microtuber. Therefore, we have been audited by Certik, and received a score of 99/100 on our smart contract audit report.
As many people think security is the biggest problem with smart contracts, we paid the most attention to security using the best blockchain technology.
For security, we used a multi-validator scheme to create our cross-chain bridge. The Microtuber’s cross-chain bridge is built with a total of 5 servers including 3 validator servers and 2 relayer servers. When token swap is in progress, the same information (TxID, TxTime, TxBlock) is transmitted to the three validator servers and is transmitted to the relay server through the internal verification service. In this case, token swap is performed only when two or more validator servers among the three validator servers transmit the same information.
In addition, as the three validator servers are completely independent servers from each other, it is impossible to send a false transaction if a validator is hacked, and it has the advantage of being able to swap in another relay server even if one relay server has a problem.
Microtuber will always audit and take extra steps to create a secure environment when building all of our technical developments.
Q4) How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?
We plan to really push our project globally and target all countries. We already have many non-english speaking members in our community and plan to further create new groups when demand is reached.
We plan to do a lot of AMAs in different non-english speaking communities as well to expand our community
Q5)Today, NFTs are one of the biggest issues in the blockchain and DeFi world. Does Microtuber Exchange plan to somehow involve itself in the creation of such tokens? Do you think it would be possible to mix the lottery concept with NFTs?
LAND, SEED, and items will be projected as NFT’s to show ownership and utility function in our MetaFarm. We will also incorporate NFT’s in Seed-box for those who decide to use the platform to stake in MCT. Stakers will be able to receive exclusive NFT cards that can be used right away in the metaverse.
Yes, a possibility of doing the lottery concept with NFT is definitely in the to-do list. As farmers can yield farm and acquire different RNG (random number generator) of nft items in our MetaFarm.