CryptoFury x Musk Knight Club
⏰ Time: Jun 3rd , 12:00 PM UTC
💰 Reward Pool : 200$
💎 Place : https://t.me/CryptoFury_Chat
Question for Part 1- Project overview:
1.Please begin by giving us a brief Introduction of yourself and the team behind Muskknights.
Also, tell us a little about the innovation of Muskknights.
AK: First I want to say Hi to CryptoFury Chat Community!
My name is Alex I have been in the crypto space for more than I can remember 🙂 working alongside various crypto projects and exchanges. Our team is specialized and earned different skills from working in top tech companies prior to joining the project.
Musk Knights Club is a DAO-managed decentralized VC investment club. The original intention here is to promote decentralized investment through DAO, mainly projects endorsed by Elon Musk. This platform allows anyone to increase their investment capacity and free people from WEB2 with a spirit of scientific research and innovation like Elon Musk. Of course, in addition to Elon Musk-related projects, we will also invest in other WEB3-related projects.
All Musk Nightclub monetary funds will be invested after voting through community proposals, and the proceeds generated will be returned to participants in the autonomous DAO community. At the same time, the Musk knights club will also create its own NFT, and the NFT trading platform, which includes NFT minting, loan, and other functions, users who own the DAO governance token-knights (KNT) have the NFT priority to MINT, challenge institutions and break traditional investment methods.
2. Now, Muskknights as we see is a fully integrated ecosystem of decentralized financial services built on web3. Tell us more about this, what is its Vision and what services does it provides?
AK: Our vision is very clear, we want to become a decentralised VC using Defi and Web3 functionality. In addition to providing funds for projects with the same goals, we are also working hard to build the infrastructure of web.3 to liberate people from web2. Our vision for this project is to offer our users the chance to join a decentralised VC project and be able to fully utilize Web3.0 and DeFI functions to endorse projects and revolutionize the ways projects are funded is to manage the mainstream web3 funds in the form of dao. At the same time, it creates top web3 facilities to solve the impossible triangle problem of blockchain.
3. Please give us detailed information about the $KNT, its Function Within the Ecosystem, Trading Fees, Allocations, launch and everything there is to know regarding It’s Tokenomics.
AK: Tokens are basically fully circulated, and the announcement of the contract will also be reviewed by an auditing agency
Knights (KNT) are the governance Token of Musk Knights Club (DAO). Each Knights Token holder automatically becomes a member of the DAO and is thus entitled to vote on them regarding any change, development, addition, or other decision regarding the DAO. Knights Token grants its holder voting powers within Musk Knights Club (DAO). The more KNT the user possesses, the greater the decision-making power a voter gets.
All DAO members are expected and welcome to actively participate in DAO and the decision-making process. Any decision whatsoever that influences the structure of the DAO, its daily operations and plans, any business, technical and functionality decisions regarding Musk Knight Club (DAO), its tools, and products, as well as Musk Knights Club (DAO) Treasury (see below) is made through the proposal and voting process.
Allegedly, the proposals might concern three main areas:
I. Musk Knights Club (DAO) functioning. E.g., the members may vote on a change of the memo, change of goals and incentives within the DAO, change of proposal procedure, etc.
II. DAO members may propose any changes to the smart contracts of Musk Knight Club (DAO) products, development of new related products, modification of fees and commissions, additional features, etc.
III. Musk Knights Club (DAO) Treasury. E.g., members can vote on any decisions regarding the allocation
of DAO’s funds, use of the funds for development, external services, incentives, etc.
Token Economy :
The entire transaction fee (1%) of the project’s native token knights will be used to fill the treasury. For every knight of 50ETH raised, the community can invest in a project (prioritized investment in Elon Musk), of which 5ETH is used to Buyback the knights and burn them, the remaining 45ETH will be paid to the investment project, and all the project tokens of the investee will be realized to buy knights, of which 45% will be sent to the burning wallet immediately. The other 50% will be redistributed to knights proportionally of all pledgers. 5% weighted to the gentleman
4. Have you already made some Partnership deals, can you tell us about some of these, and are you open to more Partnerships? Also a bit about the NFTs and NFT properties on Muskknights
AK: We have reached cooperation with well-known institutions in the United States and Singapore will be announced after the fundraising is completed. Good projects hope that everyone will pay attention to it.
Nft is a symbol of community identity. Holding nft can propose. When it is used, we will also have an artistic nft of community hairstyle. We are moving towards the nft2.0 era instead of the traditional nft that only has hype. Please pay attention to our twitter for detail
5. Finally, can you tell us your current achievements and what stage on your road map are you?
Also, can you share a Bit about the Security state of Muskknights
AK: The project is currently in the early stage, and there is no public offering yet. We will give out 50% of the tokens. The specific time will be announced on Twitter.
As for the security status, our team is top-notch technology, and the contract is audited, so it is very safe! do not worry!
Part 2: Pre-selected questions from our community
1/ What are the competitive advantages of your project? What advantages do you have that other competitors don’t have? What would be your project secure most similar contender in the market today in terms of scalability, security, features & adaptability?
AK: The positive news here is that we are the first project globally to introduce such ecosystem giving the opportunity to our investors to invest in one of a kind project
However we expect other project to come up in the near future, and our strenght here are that we have a very experienced tech team that can handle the whole platform building, smart contract and security which are key features for any blockchain project.
2/ Which market are you focusing on? How do you rate the Vietnam market? Do you have any plans to develop in the Vietnam market?
AK: The Vietnam market is a very hot market 🔥 for crypto since we all know how high the adoption is in there
however our project scope is very much global scope! we plan to gain exposure in all four corners of the world
3/ What is the token’s role in the ecosystem? Where can people buy right now? What will it do? Is your platform suitable for Crypto beginners? Or is it limited to professional users only?
AK: As I said before we are still in early stage of the project and still did not ICO.
Make sure to follow our socilas for announcements
4/ Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
AK: I understand the hype in crypto at the moment which is making anyone think they can cash in big money in a very short period of time. However I do believe that prior to any investment, investors should read the Whitepaper and make sure to understand the project, read about the team and only after they have faith in the project to place money in it.
A short time in the investment does not give justice to the project owners who in the case of good project work hard day in day night to make sure everything goes as planned.
5/ Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of the token?
AK: Our tech team is working hard to make sure our community gets the best balance from tech and token out of the project.
Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community
1. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?
AK: The entire transaction fee (1%) of the project’s native token knights will be used to fill the treasury. For every knight of 50ETH raised, the community can invest in a project (prioritized investment in Elon Musk), of which 5ETH is used to Buyback the knights and burn them, the remaining 45ETH will be paid to the investment project, and all the project tokens of the investee will be realized to buy knights, of which 45% will be sent to the burning wallet immediately. The other 50% will be redistributed to knights proportionally of all pledgers. 5% weighted to the gentleman
2.What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships?
AK: More online events and competitions to make sure our project gets a maximum exposure from all parts of the world.
3. Please describe your key products and the success they bring to the project and the community? As a reason for us to invest in Musk Knight Club?
AK: 1. Gentleman
Gentleman is responsible for proposing project proposals (while they will lose voting rights). The gentleman needs to hold the official NFT, and the official will sell 100 NFT blind boxes in the form of NFT blind box sales, which means that there will be 100 gentlemen in the Musk knights club, and NFT is a symbol of identity.
Knights Token holders are called warriors, and the Musk Knight Club (DAO) grants voting powers within the platform to its token holders. The more Knights the user possesses, the greater the decision-making power a voter gets. Warriors also benefit from internal incentives.
So, to benefit from privileges, the community Warriors only needs to hold tokens.
Hence, Gentleman and Warrior are both the DAO’s community members, but the above weight division is to prevent large households from maliciously voting and interfering with the project.
3.How did you come up with the idea to create this project? What existing problem are you trying to solve?
AK: We came up with the project when we saw ineffeciencies from Web 2.0 as well as tradition finance where decision is take by very few people. This project uses Web 3 and Defi to make sure we benefit from latest technology
4.How can I contribute to your success as a community driven project? Will I get any benefit from storing the token in the long term?
AK: Hold Hold Hold and stay tuned
All details about Musk Knight Club could be found below
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👉Medium : cryptofury-vn.medium.com