On July 25th 2021, our community had a chance to welcome Avalaunch – is The first protocol, exclusively for the #Avalanche ecosystem, to offer promising and innovative projects a fast, secure, and efficient platform for decentralized fundraising.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, the Avalaunch directly greeted the community and provided detailed information as well as some key products and future plans.
Time: 23:00 PM (UTC + 7) on Sunday, July 25th, 2021
Venue: https://t.me/CryptoFamilyVN
Airdrop 500 USDT for the best questions in the AMA.
Below are some main points of this AMA:
Question for Part 1- Project overview
Question 1: Could you briefly describe a little about Avalaunch and what makes it different from the other fundraising platforms?
Avalaunch: Well let's start with what Avalaunch is - Avalaunch is the first protocol built exclusively for the Avalanche ecosystem. That in and of itself is different. We believe that the AVAX ecosystem is really going to flourish and we decided to dedicate our efforts to projects that are building in this budding ecosystem. To expound on it some differences—traditional fundraising is one area that has a decided advantage over crypto. It is streamlined in terms of expectations and deliverables for a business seeking funding. Crypto, in my opinion has way more opportunity and innovation but it is untethered from any semblance of guidelines. I think typical platforms work with IDOs and aren’t that discerning. The reality is some projects are mature and ready with working products while others are great ideas by a few passionate individuals. Both can be deserving of funding and exposure but it’s a completely different proposition and each project is going to have different needs. I don’t think most platforms have done much to consider what the post-sales needs of each projects are or fundamentally weigh in on their objectives. It can be short-sighted and I think we have to look at the body of work over time of a launchpad and not focus so much on day one results. In a bull market everyone is very forgiving but in normal to bearish conditions, a flight to quality takes place. Our approach is to take the best of a traditional fundamentals analysis and actually provide consultancy pre and post launch. As our vision is revealed, we hope to be a sort of end to end provider that can meet the right projects where they are and guide them through fundraising.
Question 2: Please provide some details about your Roadmap and how Avalaunch is progressing so far.
Avalaunch: Avalaunch hopes to be a gate keeper of sorts that’s dedicated to the ecosystem of Avalanche. We’re looking at the box sideways; re-examining tokenomics, distribution, go to market strategies and using more fundamentals than the number of followers. These are more qualitative factors but were important to our development. In that regard, we’ve come a long way in meeting our goals. Reality is for us that roadmaps are guidelines. Market conditions change so quickly and you have to be able to pivot. When the market turned bearish recently we shifted our focus onto infrastructure. We’re developing international communities, have partnered with both Gate and MXC and partnered with a number of Avalanche projects. This has moved ahead of schedule. In terms of the actual platform launch, we’re a little late but it was a matter of prioritizing where opportunity appeared in the face of market conditions. Thus far we're extremely happy with our results especially as we are in the final testing stages with our platform and very much looking forward to rolling out with some less-than-traditional offerings.
Question 3: How do you keep the ecosystem progressing, and what are your plans for future innovations?
Avalaunch: I think you keep the ecosystem progressing by innovativing on products, rethinking tokenomics and being able to realize value by leveraging a community for their benefit. If you look at our twitter for example, our reach has expanded despite being on a chain that has yet to really come into its own. We believe Avalanche’s best days are ahead of it and we’re building with that in mind. Ultimately, business development that can foster the growth of the projects that we support, create awareness and visibility as well as our opportunity to think a little differently in terms of our approach to sales. It’s interesting in the sense that the team must be able to see around the corner while your community is very much in the moment. You have to balance. By being in the moment, the community has its finger on the pulse and to ignore them would be a mistake however you also need to base decisions on what lies ahead. We are privy to information that not everyone can know and progressing is our ability to effectively develop with community in mind while adhering to our vision. Crypto is the opportunity to contribute to your own success. It's more than marketing; it's about the future, the adoption and the usage, particularly for Avalanche. We need to attract users, not just promoters so for us, it's about finding the most attractive projects and giving them not just a fundraising opportunity but visibility and ongoing support.
Questions for Part 2 - Pre-collected questions from Twitter:
Question 1: What are the criteria to evaluate the quality of projects that want to conduct IDOs on Avalaunch? Does the platform support marketing to improve the impact of these projects? And what strategies does it employ to mitigate possible losses during the bearish market?
Avalaunch:That's three questions in one 🙂 Let's do it. Well, to begin, the tokenomics of newer offerings is going to evolve. As of now, it is very lopsided from entry to exit. We’ve certainly learned about this as private and seed investors historically are long term holders who are often years away from any real liquidity. In crypto it doesn’t work that way. You have early-stage companies becoming quickly tradable assets and far too often the earliest investors are the culprits that abandon the projects. So in terms of quality of projects and IDOs on Avalaunch, this is one way we're rethinking things. Over time we are going to be recognized by all our offerings and their performance.
I’d like to see some price uniformity across tranches to begin. A multiple for someone who has been holding for years and took the most risk makes sense but when it’s a matter of a few months, that’s another story. Vesting should be more stringent as well and we’re exploring different types of parameters for token releases.
Question 2: Avalaunch is one of the pioneers in fundraising of the Avalanche platform, could you really tell us what kind of project in this network you have incubated? And also could you tell us what are the benefits and results that they have obtained from your platform?
Avalaunch:Well, you’re going to have to wait to see the results because we are newer launchpad 🙂 That said, we’ve all worked with successful projects in the past and many of our contributors still do. We are not formally an incubator which is basically a team that helps to position a project to be ready to raise funds, go to market etc. Nonetheless, we do work in this capacity as well since we are working with projects at varying degrees of development and can benefit from our experience. For example, we are currently working with a project that wants to straddle the worlds of Defi and TradFi—traditional finance. It is challenging because they have regulatory considerations and at the same time, the token model must offer the most value for users that is possible. This is a great project and as crypto experienced people, we have taken on the job of working with them to smooth the path and provide something that makes sense for them and for token holders. I expect we will see more of this as we evolve and we are ready to do whatever it takes to support worthwhile endeavors on Avalanche.
Question 3: Could you let me know the role of $XAVA token in the platform ecosystem? Like its tokenomics, use cases... Do users need to hold $XAVA to take part in the upcoming IDOs? Do you plan to implement any scarcity mechanism such as buyback or burning to maintain the price stability?
Avalaunch: The primary feature of the XAVA token is staking in order to access sales, however, like any token that offers staking and farming, you can gain XAVA regardless. If you believe in Avalanche as a growth ecosystem, XAVA would be an interesting project to stake/hold even if you weren’t a participant in IDOs. We have no plans for buybacks/burns as the benefits of this are typically short-lived and to me suggest that the project didn't consider the supply/utility correctly in the first place. Overall, we are pretty straight forward but our tokenomics include some pretty cool features including time-weighted staking and other wrinkles that are still not yet revealed. Time weighted staking which allows users to build a sort of equity in their stake. I think in due course you're going to see a pretty dynamic utility token.
Question 4: Obviously, getting enough funds is a primary goal for the construction of a project. Is the Avalaunch team economically capable of running this project? Do you have enough funds to develop and promote your launchpad to the blooming projects every day?
Avalaunch:Thank you Bruty Tamela for an easy question. 🙂 Yes, we are economically capable of running this project. I'm not sure what else to say but yes.
Question 5: How do you plan to raise the awareness of your project in regions where English is not well-spoken? Any local communities to bring them a better understanding of the Avalaunch ecosystem? Are you looking for bigger investors, how about the opportunities for individual investors?
Avalaunch:I think you raise awareness by building communities and doing translations and the little things that matter. For example, we have a pretty vibrant Turkish community because Avalanche is founded by a Turkish gentleman. They are strong supporters and are more than capable of a dedicated community. We are currently developing a community in Japan and expanding our reach globally. I think this presence not only helps us but the projects we support. Crypto is borderless and we should nott be siloed. No, we are not currently seeking additional funding from larger investors and individuals are more than welcome to look into the XAVA tokens and see if it aligns with their interests.
PART 3: BEST LIVE QUESTIONS CRYPTOFAMILY GROUP
Question 1:With the increasing number of newcomers to cryptocurrency, their understanding is still limited, so what have you done to show them the potential of your project?
Avalaunch:I think Avalaunch is newcomer friendly in the sense that it is very straight forward in its utility. Most everyone can understand what a launchpad does and how it works.
Question 2:Does your project plan to develop other areas? and do you plan to work with big exchanges like binance or not?
Avalaunch:We intend to make our product as robust and varied as the space itself. I think there is no one size fits all style of fundraising and I think there are alternate opportunities that have been overlooked to this point. Regarding exchanges, we believe that token distribution is important so those channels, should they open up to us, would be of interestt.
Question 3:Does your project plan to develop other areas? and do you plan to work with big exchanges like Binance or not?
Avalaunch:Ultimately, business development that can foster the growth of the projects that we support, create awareness and visibility as well as our opportunity to think a little differently in terms of our approach to sales. It’s interesting in the sense that development must be able to see around the corner while your community is very much in the moment. You have to balance. By being in the moment, the community has its finger on the pulse and to ignore them would be a mistake however you also need to base decisions on what lies ahead. We are privy to information that not everyone can know and progressing is our ability to effectively develop with community in mind while adhering to our vision. This is why expanding the reach of your community and gaining as much of an in the moment global perspective is valuable and of course, you have to listen to know what they want. They are your users after all.
Question 4:Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships?
Avalaunch: I think building on Avalanche is an informal partnership of sorts. We believe in this ecosystem and are supporting it. I think it begins there. For us, we have partnered with centralized exchanges, farms and a number of Avalanche built projects. Our partners are effectively their own supporting community; an ecosystem within the ecosystem.
Question 5:Southeast Asia is a very vibrant market and there are many new platforms under development. So what do you think about Southeast Asia and do you have plans to grow there?
Avalaunch:Southeast Asia is a vibrant hub and home to many people (I believe it is estimated to be 78m) who do not have access to basic and needed financial services. As early adopters of crypto, they are the groups that will embrace and drive DeFi. For our part, we are certainly awaare of their importance will make sustained efforts to reach this audience.
Question 6:Many investors hit and run in the sell and sell session after listing on the first exchange, How did your project prevent early investors from selling their tokens and what benefits you would give them?
Avalaunch:Crypto is early stage projects that become tradable assets in a volatile and often illiquid market. For me personally, I would not wish to prevent anyone from selling the token that does not want it. We have a strong value proposition and I would like to see the XAVA token in the wallets of those that want it. We will see some redistribution and that's fine because we believe in what we have.
For all of the questions that have not been answered yet, guys feel free to search for more information or ask directly to them on the links provided below:
Website: https://avalaunch.app/
Telegram: https://t.me/avalaunch_app
TG Ann: https://t.me/avalaunchonavax
Twitter: https://twitter.com/AvalaunchApp
