Hosted by — Crypto Nation
Dated — 14th June, 2021
INTRO SEGMENT
Sophia: Greetings everyone !! 😊✨
I extend a warm welcome to Respected mam, @Ekta_Bauble from Team “Bauble” who are today’s AMA presenter. 😊🙏🏻
It’s our absolute pleasure to have you here with us. 😊 I am sure that we all be enriched today after knowing about Bauble. 😊💯
Ekta Bauble — Never DM you first:
Hello Sophia and Everyone present here. Thank you for hosting this AMA event for Bauble NFT Project.
Sure.
Lets start 😁🚀
Sophia:
Let’s begin with today’s AMA by opening the very first segment that is Questions from host.
Make sure to type done after completion of every answer in order to avoid any confusion.
Ekta Bauble — Never DM you first:
Yes, understood.
Sophia:
Q1. Can you briefly describe what is Bauble, We would like to know more about it and how it works?
Ekta Bauble — Never DM you first: So, Bauble NFT project is the first fundraising platform which brings several crypto projects together, along with NFT artists, collectors. Its built on Binance Smart Chain.
Launched on 17th may,2021, Bauble NFT token is being traded on the decentralized exchange PanCakeSwap.
With the launch of Bauble NFT, we the team, and also community driven, want to build a NFT marketplace which will give massive opportunity for
Several cryptos to raise funding for their project development and marketing. It will make them sustain better in a very competitive crypto space.
Also, its a marketplace to give a better starting place for mass adoption for the artists who are yet to know and understand the NFT space and the vast possibilities.
Done.
Sophia:
Perfect ! That’s a great start ! Looking forward to know more about the same.
Ekta Bauble — Never DM you first:
Sure.
Sophia:
Q2: Can you introduce Bauble, what critical problems does it solve that existing solutions are not solving and what’s the competitive advantage?
Ekta Bauble — Never DM you first:
😁😁
Problem solving concept that’s incorporated for the project, is that the crypto space is ever expanding and revolutionizing constantly. We cane across several projects with great use cases but lagging behind cause of less funding resources. We decided to influence those crypto projects, as once they are listed on the Bauble NFT marketplace, they would be able to raise funding for the marketing and development.
It’s a very necessary platform that the crypto industry needs, as we are booming towards a more than a 2Trillion Dollars economy.
We want to make the crypto space better by helping new projects come, , survive and grow.
This is the major use case of Bauble NFT Marketplace, which should be released in Q3 of this year.
Done.
Sophia: Amazing!
Q3. Could you please elaborate more about your tokenomics? What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?
Ekta Bauble — Never DM you first: Yes.
The tokenomics in place since we launched the BAB token, has been 84% towards the decentralized exchange trading.
A portion of the 1 Billion total supply, approx 16% has been reserved for the manual burn events, rewards, future funding that may be needed. As we have kept the token ownership still with us, we plan to completely turn off the tax system from current 6% tax to 0.
Tax system currently is very small compared to other BSC projects.
4% of every transaction is redistributed to each holder, 1% funds the marketing and team wallet each.
Done.
Sophia: Perfect
Q4. Can you share the achievements the team has made so far? what are the major achievement target Bauble is yet to achieve . If possible also share your roadmap.
Ekta Bauble — Never DM you first:
After the launch, despite the changing crypto market conditions, we have continued to make significance development in terms of cross chain platform.
Bauble is currently tradeable as a BEP20 token on the Binance Smart Chain. We are making it available on the Matic Blockchain as well. We are accepted under the Matic Developer Support Program and we are taking technical assistance from them.
Apart from cross chain platform, we as a Team have worked out marketing strategy and while the marketplace is in development, we are working on targeting the right people and projects to work with.
1st is getting the intial artists on board with us. Its going pretty well. And NFT minting has started. They would be published on the Gallery section of our website soon.
2nd is getting the First 10 CryptoProjects to list on our marketplace. Listings for them on our site would be Free of cost. We are choosing the utility and charity based projects to start with.
3rd is the collaborations with influencers, other artists, celebrities.
We recently got listed on CoinGecko. Waiting for CMC listing.
At current strength of 1000 holders, we are working to increase the exposure now, so we can start applying for Trustwallet logo and listing on various other sites.
We have a massive Airdrop Round 1 going on currently and everyone is free to participate in it.
Done.
Sophia:
Q5: Can you briefly describe your PARTNERSHIPS so far?
Ekta Bauble — Never DM you first:
No, partnerships done yet. But, we are willing to partner up with DeFi projects.
I believe partnerships really help as a new token on the BSC market. And we are looking to partner up with.
We will officially release the news of some Partnership deals soon. It’s a work in progress.
Done.
Sophia: Perfect
With this we come to the end of segment 1.
And I must say that the information you are presenting is worth reading !
Ekta Bauble — Never DM you first:
Great. This is good.
💣TWITTER SEGMENT💣
Sophia: Now let’s move on to the next segment that is Questions from Twitter.
First Question from Twitter
I think the NFT Market is still in its early stages. how will Bauble educate the market & get into this new feature, and attract non-crypto users, to “Blockchain & NFT” ???
From @langitberwarna
Ekta Bauble — Never DM you first:
Yes, its true that NFT market is in its very early stages, and we have already seen the potential it holds.
We at Bauble, along with the expanding team and community would work towards engaging the non-crypto users into the NFT space, by collaborating with non crypto platforms, project exposure, Getting Started Kits for artists, use of social media. We would have a separate team to work for engaging more NFT creators on our marketplace.
It will start taking shape from Q3.
Done.
Sophia: Very well said
Second Question from Twitter
Could you explain some of the Recent Major achievements of Bauble, partnerships and long-term plans?
From @risiparwati26
Ekta Bauble — Never DM you first:
Major achievements for Bauble till now, is understanding the need of latest blockchain use. Binance smart chain and other blockchain integration is must. We believed that if we are creating a platform that is going to engage projects, NFT creators, collectors on such large scale, then we should definitely make the use of latest blockchain available, and also work along with them.
Our Matic collaboration is helping us move in that department.
The transactions will be more secure, super cheap, and almost gasless with this integration l.
Partnerships are yet to be made official.
Long term plans include execution of our marketing strategies.
Getting listed on some of the Top 50 exchanges as ranked on CMC.
Awareness and mass adoption of the NFT marketplace.
Done.
Sophia:
Third Question from Twitter
NFT is considered as the next HOT TREND currently in the crypto industry after DeFi. Can Bauble NFT share your thoughts on NFT? Do you think the NFT provided at Bauble NFT will be able to compete and keep up with the market which is under full development?
From @themiracleboy0
Ekta Bauble — Never DM you first:
To start with, as quickly as I understood the value NFTs hold, we prepared the foundation of BaubleNFT project.
The initial thought behind this project was to, how about we use NFTs as commodities and help all the projects, who would in turn use the fundraising revenue through these NFTs for growth and in turn providing great use case.
In a phase where we are seeing the boom of meme coins, we would provide great support to the Utility based and actual value based crypto projects.
We at Bauble, instead of competing with other NFT marketplaces would work along other NFT projects. Because our user base, audience would be much different.
We would give a entirely unique, easy to use platform to new budding NFT creators, and also help all experienced NFT artists also, to promote themselves well under our platform.
One major reason to bring such project qas also to avoid the use of donation wallets. After getting listed on Bauble NFT Marketplace, projects will give the artists also an opportunity to showcase their NFT and work toegther.
And it can be very beneficial for everyone involved in this ecosystem to grow together.
Done.
Sophia:
Fourth Question from Twitter
Can you indicate a feature or features that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform? Do you have plans to get users to choose your platform?
From @ShinPoka9984
Ekta Bauble — Never DM you first:
Yes, the greatest feature in the platform would be splitting the revenue for each NFT sell on Bauble platform.
Apart from the marketplace fee, the creators would have the option to choose and share the revenue portion to the Crypto project they are supporting.
Yes, to get users to choose our platform, we do have a strategy in place. We will be excuting them in Q3 and Q4.
We will have Getting started kits for NFT artists , for users from crypto and Non Crypto space.
How to videos Why you should use Bauble to sell your NFTs
We would have them marketed well, once the beta version is almost ready.
Done.
Sophia:
Fifth Question from Twitter
In my opinion, only getting investors and holders are not sufficient. A project needs to solve a real world issue or a real world problem. What plans do you have plans with them?
From @bukanmengg
Ekta Bauble — Never DM you first:
So, at Bauble NFT, we have got real problem solving use case.
To help non crypto, and crypto artists, to get better platform to show case their work.
Apart from promoting their NFTs on social channels, the NFTs would be submitted under a selected crypto project. And the artists would have complete independence to select and share the revenue portion.
This gives them an added advantage of of working with the coin/token of their choice.
To help the real use case projects to grow , Bauble NFT marketplace will list them, help them get artists, and collect a revenue portion per sell. This would help the projects get adequate funding to keep up their good work.
We believe that with the growth of crypto space and expansion, projects with good fundamentals should get a chance to grow, and not struggle funding wise, and we will work as per our roadmap to make it possible.
Done.
Yes, Sophia ..
Sophia:
Yeah !
Got so much engrossed into your answers .😂
Ekta Bauble — Never DM you first:
These are really nice questions.
Sophia:
AMAZING
With this we come to the end of segment 2 as well.
Ekta Bauble — Never DM you first:
And I am slow typer I guess.
LIVE SEGMENT
Sophia:
Now let’s move on to the most exciting segment of all !
Ekta Bauble — Never DM you first:
Yes, please !
Sophia:
Not at all ! We all are keen in knowing more about Bauble !
Ekta Bauble — Never DM you first:
I tried to answer in as simple language as I can. I really would like everyone to understand what we are building. 🙂🙂
Segment -3 ( live session )
I will be unmuting chat for 100 seconds and all the members can raise their questions between that .
After completion of 100 seconds , chat will be muted and our respected speaker will select best 5 questions followed by his answers .
Ekta Bauble — Never DM you first:
Sure.
Let’s go !
Sophia:
It is crystal clear dear ! 💯
Everyone get set ready to bombard your questions but kindly note that copied questions will not be eligible for reward purposes.
So let’s unleash the fire then 💥
Unmuting chat in next 5 seconds
5
4
3
2
1
…………
Sophia:
Time up guy’s !
That’s great to see this much response for Bauble!
@Ekta_Bauble kindly take your time, select best 5 questions and acknowledge them with your answers.
Also don’t forget to type done after completion of all 5 answers.
Ekta Bauble — Never DM you first:
Alright. So many questions, I m choosing..!
Sophia:
Yes please take your time
Hon Sue:
Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Ekta Bauble — Never DM you first:
1. Revenue sharing feature for every NFT sale.
2. Token compatibility on Binance and soon on Matic.
3. Fundraising for listed cryoto projects.
1st done.
ＺＵＫＡ ＲＯＳＥ:
As an individual user ,In what ways can I contribute to the development of Bauble NFT? Do you have Ambassador programs and what are its benefits?
Ekta Bauble — Never DM you first:
We are constantly building our Team, and we would release the positions available for hiring soon on our website & officially on Twitter.
2nd done.
🙂🙂
🌈🌈Lissa🌈🌈 Alzabeth:
Very Important Question❤
💟💟Q) Which do you think is more important:
1⃣ Community
2⃣ Investors
3⃣ Token Price
If all of the above is important to you, which should come first?
Thank You❤
Ekta Bauble — Never DM you first:
Hey, we at Bauble , believe the most important is timely delivery and roadmap completion.
Yes, Bauble NFT project is community driven and that is too compliment the work done by the marketing and development team at Bauble.
Community plays a major role in spreading awareness of the project and supporting , especially while we grow.
3rd done.
Sophia:
Amazing
Our community members couldn’t be more happy than this !
Linren Xin:
Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can you share some of the partnerships you have formed with existing blockchain foundations recently??
Ekta Bauble — Never DM you first:
Our 1st major collaboration is under Matic developer support program, where we are getting the right assistance for development on Matic blockchain.
It’s a great opportunity for Bauble as well, as Binance and Matic both have great community of investors to take the project forward.
4th done.
SAM:
What is PROJECT’s revenue model? In which ways do you generate revenue/profit?
Ekta Bauble — Never DM you first:
Bauble NFT project has 3 major revenue models.
1. Through fundraising on other NFT marketplaces, as we have some NFTs ready to be auctioned.
2. We generate revenue through token collection from 1% tax in team wallet. 60–70% revenue collected from that tax collection is reserved for Development fees, that will go towards infrastructure, coders, TypeScript and fron end developers, maintenance fees.
3. After marketplace release, for every NFT sale, there would be a regular small fee.
5th done.
Sophia:
Perfect
With this we come to the end of today’s AMA.
Ekta Bauble — Never DM you first:
I hope my answers were thorough and understandable. For more information, you can join us innour official Telegram chat where we discuss everything about BAB.
Sophia:
Thank you so much @Ekta_Bauble for giving us all such informative and exciting insight.
Thank you everyone for joining in and don’t forget to join their community channels for further updates.
Bauble is worth it !
Wishing you @Ekta_Bauble and your team all the best for future!
Have a nice eve !
Ekta Bauble — Never DM you first:
Thank you Sophia for inviting us here.
Sophia:
Unmuting chat now
Absolutely it was our pleasure to had you on board with us.
