AMA Recap: BSCStation x Magic Shoes
We want to express our gratitude to all of you who participated in the incredible AMA event hosted by BSCStation, featuring the outstanding team behind Magic Shoes! In case you missed it, we've put together this captivating recap to bring you the most essential highlights from the session!
During the AMA, the brilliant minds at Magic Shoes shared invaluable insights about their groundbreaking projects and the exciting developments on the horizon. Prepare to be amazed as they divulged intricate details about how Magic Shoes is poised to revolutionize the entire M2E industry with unique advantages!
PART 1: INTRODUCTION
Question 1
First, can you briefly introduce about Magic Shoes?
Mr. TonyD - Regional Product Manager of Magic Shoes:
Thanks for your Q, Magic Shoes is a groundbreaking WEB3 lifestyle app, we usually call that MovetoEarn's mechanism that combines fitness and rewards on the NFT platform.
It is designed to incentivize users to engage in outdoor activities such as walking, running, and cycling. By downloading the app and equipping a unique MagicShoes NFT, users can earn tokens while enjoying their fitness routines.
These tokens can be used within the app to upgrade their MagicShoes for enhanced abilities and rarity.
Question 2
So what Magic Shoes App use for?
Mr. Tony D:
Magic Shoes' App is the gateway to a vibrant and engaging ecosystem. We tracks your workout data, including distance covered, time spent, and calories burned, providing you with a comprehensive overview of your progress and achievements. You can compare your personal records, set new goals, or even compete with other users, fostering a sense of community and friendly competition.
Our Magic Shoes app also features an in-app marketplace where you can explore and trade Magic Shoes NFTs. This marketplace offers you the opportunity to discover new and rare shoes, allowing you to expand your collection and interact with fellow enthusiasts. Additionally, we have the Magic Club NFT marketplace, which further widens your options for exploring and trading NFTs beyond Magic Shoes, this function will open on 17/7
Question 3
I saw a lot of users have owned Magic Shoes and started earning in your community so have you launched the mainnet yet?
Mr. Tony D:
Our official mainnet happen in July 17th, with this Mainnet launch, our marketplace will be public, and our App will be more accomplish. Gameplay and game assest will remain the same as our demo version since April
Question 4
Can you share more about the future direction of Magic Shoes
Mr. Tony D:
Magic Shoes aim to build a stronger Korean and global community with 100,000 daily runners in 2023 and 2024, by creating offline running competitions!!!🔥For those who are far away, we also organize online running sessions to increase interaction, create a healthy entertainment environment, and help people connect with each other, so everyone from everywhere can run
Furthermore, some incredible features such as staking, Marketplace open live on Magic Shoes website, Magic Club DAO, GameFi, Social-Fi initial elements will launch in Magic Shoes ecosystem. So join us on this journey, and you won't be disappointed
Question 5
It looks like user need a sneaker to earn MCT. How do we get a Sneaker?
Mr. Tony D:
You can purchase shoes from our marketplace, which will open after our mainnet.
But before that, global users can join our events on Discord and Telegram, with a chances to earning our rare NFTs. So join fast, the wave of magic is coming to town.
PART 2: PRE-AMA QUESTIONS
Question 1
There are many M2E type projects in the market, what makes Magic Shoes stand out from its competitors? Can you tell us about its functions and features that will make it the first on the market?
Mr. TonyD:
With Magic Shoes, we are born bit late than our pioneers, which is like Step N, Step App, or even count like Superwalk, one of our competitor in Korea. So with the late start, we learn many Up&Down lessons from our seniors, and also shape ourselves quite strongly in the market. Magic Shoes focuses on Korean culture as the core, then using the experience from previous projects, we focus on preventing inflation, by improvising the percentage of points to token conversion depending on the growth of Magic Shoes. We will prevent the inflation to appear on our app with the mint rate of token will be decrease and that will prevent old users from losing their initial investment.
Question 2
Are there any plans for a referral program for magic shoe users?
Mr. TonyD:
Yes we did having a plan for referrals programs, but it's still in our beta version in some of niches area in Korean, after the testify success, we will launch to the public version
Question 3
How do I claim my Early Access NFT?
Mr. TonyD:
Our NFT right now only open to sale offline through the office in Korea. But worldwide users, you can earn NFT by joining our mission in Magic Shoes' community. Also our mainnet gonna be in 17/7, so let's download our app and join our social media now for chance for earning your shoes now
Question 4
How does Magic Shoes contribute to fostering decentralization within the DeFi space? Are there any plans to involve community governance or decentralized decision-making in the protocol's development?
Mr. TonyD:
Yeah, Magic Shoes NFT will bring community interest, we will bring a lot of transactions on Polygon network which is about to transform into multi-chain. And also we're the first M2E project buid on Polygon also. Currently, Magic Shoes has not made specific plans for the use of Dao or related decentralized decision-making for NFT, but we will consider
Question 5
This is because the project's success attracts new investors unfamiliar with the cryptocurrency sector. And I'm one of the new immigrants in the crypto realm. If I want to invest in your project, do you have any guidance or anything to make it easier for new investors to understand? Do we have any commitments or guarantees to invest that this project we are investing in will be successful and valuable?
Mr. TonyD:
Magic Shoes does not have seed-rounds, because we believe that most of the members who participate in the seed-round have high potential risk is quite high affecting the project and users.
For individual investors, as for angel or seed-round investors, follow us on social channels to learn more about the project, plus our whitepaper, we have a very detailed explanation of the project
📍 Docs: https://adam-gallery-2.gitbook.io/mag.../english/magic-shoes
📌Telegram Channel: https://t.me/MagicShoesGB
📌Telegram Community: https://t.me/MagicShoesGlobal
📌Twitter: https://twitter.com/magic_shoes_io
📌Discord: https://discord.gg/bt5ejBd9Wt
PART 3: LIVE-CHAT QUESTIONS
Question 1
What is your main focus at the moment, can you tell me? Are you focusing on communities or markets,exchanges or products?
Mr. TonyD:
Our main focus right now is focusing to growth globally, not just around Asia, to that, we have been launch to Japan, Bangladesh, Vietnam, Brazil, Mexico, and some in Europe
Our aim at Magic Shoes is to bring a refreshing change to the NFT platform by introducing a dynamic and interactive experience.
Question 2
I Want to be Holder of MagicShoesGlobal NFTs , So Will You Share Some Information
about this MagicShoesGlobal NFT and What are the Top Benifits and Uses of this NFTs?
Mr. TonyD:
Magic Shoes NFT is a collection based on the folk tale about Dokkaebi, the Korean version of a mischievous goblin monster that likes to play tricks with humans. What differentiates us from many M2E projects is that we built our project from day 1 with the main focus being our community, we don't do pre-sales and we don't do private sales because we don't want whales (big investors) tampering with the ecosystem.
Because of that, our users don't have to worry about whale players dumping a lot of tokens and crashing the token price. We also implement multiple deflation mechanisms to combat both token and NFT inflation. Holders can stay safe on that. Even our 100.000$ IDO on BSCS on 18th July will take up a very small part of our total supply, helping keep our token safe from whale dump and panic sale if the market shows a bearish signal in the close future.
Further more, we already succeeded in building a substantial number of over 2000 offline users and make over 2 million dollars in offline NFT sales, unfortunately, our users from Korea don't use Telegram much and prefer Kakao Talk, which is a very popular platform in Korea.
Question 3
Surviving in the cryptocurrency market is difficult and many projects fail to achieve their goals. What strategy is your project using to stay afloat in this tough blockchain race?
Mr. TonyD:
So like the token allocation I have share previous, MCT - our governance token, with a total supply of 6,000,000,000 tokens. The majority of these tokens will be allocated to reward active users on our platform. To ensure a fair distribution, the reward pool will be vested over a 10-year period, with a halving mechanism implemented each year. This means that the number of tokens unlocked will decrease by 15% annually, allowing for a gradual and controlled distribution of rewards.
Question 4
Partnership is always an important factor for every project. So who is your partner? What benefits will you get from this relationship?
Mr. TonyD:
We have been collab with lots of Tech/AI firms, to enhance our tracking and data qualitative system and also lots of community to enrich our system to global. More over, I want to share a sneakpeak of Magic Shoes' stratergy when we about to announce an partnership with one of the top 5 M2E application in Euroupe, we believe this partnership will bring much need for our users.
Question 5
Do you have AUDIT certificates or are you working to AUDIT your project, to make It more secure and reliable?
Mr. TonyD:
For Audit services, we having connect and being both advise & audit by Solidproof and Certik. This is the address for both
Certik: https://skynet.certik.com/projects/magic-shoes
This also our Magic Shoes's Smart Contract, which have been public and audit by Certik, one of our Advisory
On behalf of all BSCStation communities, thank Mr. TonyD for joining the AMA session and answering questions for the community today. The Regional Product Manager of Magic Shoes has provided the community with valuable information about the project as well as the future development of Magic Shoes in the blockchain industry.
Thank our beloved community for the great questions and for taking the time to participate. We hope you found the session informative and engaging. If you guys have any further questions or follow-ups, don't hesitate to reach out.
There will be a lot more announcements and material coming your way, so keep an eye out for our social media channels.
About MagicShoes
MagicShoes is an M2E fitness rewards platform where you can play while walking, running, or cycling. Download the app, equip Magic Shoes NFT MagicShoes, and earn tokens in-game. Each Magic Shoe has a unique design and rarity, which can be upgraded for more power. MagicShoes tracks users' workout data, recording distance, time, and calories burned. Compare your personal records or compete with other users. Recommended for anyone pursuing a healthy lifestyle, the app adds fun and enjoyment to workouts and helps users stay focused through gamification. The digital aspects, such as NFT Magic Shoes, provide a fascinating new experience.
⭐️ MagicShoes Official Media Channels:
Website | Twitter | Telegram | Discord | Instagram |Linkedln | Medium
About BSCStation
BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap.
BSCStation operates on top of all main blockchain networks and is designed to offer maximum value to consumers and institutions.
BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.