AMPnet AMA Recap (June 29, 2021)
The team has shared the information about the upgraded version of the AMPnet fundraising platform, so, let’s dive into Qs and As ASAP!
FIRST THINGS FIRST!
AMPnet 2.0; What is it and why is it better than AMPnet 1.0?
AMPnet 2.0 is a comprehensive upgrade of the AMPnet Fundraising platform. The biggest changes currently being worked on are:
- The transition from Aeternity to EVM chains (primarily Ethereum/Polygon and then Moonbeam, NEAR, Solana, etc…).
- Usage of USDC/Dai instead of custom depositary stablecoins.
- Making the AMPnet platform a full-fledged dApp, with a backend serving only as a caching layer.
- Integrating onramps such as Ramp. Network and integrating large transaction processing ($1M per single tx).
- Tight integration with the AMPnet protocol.
GENERAL, COMMUNITY, AND BUSINESS DEVELOPMENT:
Q: Do you have any plans to share for the period of the next 3 months?
A: The first tests of the AMPnet protocol are already being run internally. As for beta-testing (what we call testnet), it will be available very soon. As AMPnet is not a “core” protocol, the effect of the testnet is more-or-less to run a few successful tests of asset funding and tokenization and then run with real clients.
Q: Hyperion got 40k raised from Greenpeace-backed tokenizer. Will they trade their tokens?
A: Hyperion will most likely not be trading shares. As for the ones who will — it’s probably 5–10 days after successful funding.
Q: Is there a new approach for the estimated funding of projects?
A: We are a Whitelabel solution. We don’t fund projects. On the other hand, our client Genervest has been slower than expected in finalizing funding for their projects.
Q: What do you mean when saying that you will be making the platform full-fledged dApp, with a backend serving only as a caching layer?
A: It means AMPnet will run without a backend structure and will be accessible from custom-developed frontends.
Q: How important is the transition from Aeternity to EVM chains?
A: It is extremely important, we couldn’t emphasize it more!
Q: Did Aeternity blockchain impose some limitations on the development of the product?
A: Yes, mainly the lack of a liquid Stablecoin and the lack of integration with the broader blockchain ecosystem.
Q: (primarily Ethereum/Polygon and then Moonbeam, NEAR, Solana, etc…) — were they sorted in priorities/order of action, what is the estimated timeframe?
A: They can all launch ASAP, but we will be running for a few months on Polygon/Ethereum. Afterward, we will see how others work.
Q: Are there any plans for staking anytime soon?
A: Not currently. Staking is not connected to the business plan of AMPnet — the value to our investors will be brought by our token buybacks. But any suggestions regarding staking are welcome and will not be declined.
Q: How fast after successful funding can we expect trading of the project’s assets to commence?
A: The tokens can be traded very soon after funding, but that is the case only if the clients decide to fund them.
Q: Is there a benefit to AAPX holders from clients just using the crowdfunding platform without trading shares?
A: Token buybacks from successful funding fees are a benefit to AAPX holders.
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