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AMA Highlights

Snow: Could you briefly introduce yourself and the Amasa team?

James:Hello everyone, I am James, the core contributor of the Amasa project. I am very happy to come to the INSIGHT community. Thank you very much for your invitation!

I entered the crypto industry in 2017 with Scott, with whom I invested and conducted BTC mining in Hong Kong and Vietnam. After the 2018 crash, we decided to focus more on investing, and that's when we reached out to Will, who came up with the early idea for Amasa.

Our Amasa team has five core contributors, and I am mainly responsible for project marketing and growth.

Scott:In 2017, I joined James and some other friends in the wonderful world of crypto. James and I met Will at a meetup in Sydney and chatted about Amasa.

We spent a lot of time discussing the challenges and opportunities in the Web3 space. Amasa is based on our shared belief that anyone on the Internet should have the opportunity to create value from their time.

My main function at Amasa is to build and manage relationships with investors and project partners.

Other members of our core team include:

Will - our lead with overall responsibility for project management and ecosystem development

Sylvan - Content and Analytics

Chirag - Technology Development

Our consultants include:

Sameep Singhania - Co-founder of Quickswap

Reza Naeeni - Co-Founder and CEO, Swash

Niki Ariyasinghe - Head of Business Development (Asia Pacific, Middle East and Africa) at Chainlink Labs

George Samman - Co-Founder, Geora.io

Tim Bass - Founder and CEO, Block 8

Snow: As we all know, Amasa is a platform dedicated to "micro-revenue streams". However, what exactly is"micro income stream"? How does Amasa plan the "creator economy" model?

James:We love talking about this topic!

The micro-income stream is oriented to Web 3.0 networks and platforms, captures the online time of users on the Internet, and provides users with quantitative cryptocurrency income. Participants can earn anywhere from a few dollars to a few hundred dollars (or more) per month.

People can earn micro-income through online activities such as:

- Play-to-Earn blockchain games/GameFi (eg Axie Infinity)

- Social networking and content creation (eg Minds, Sapien, Revolution Populi)

- Ad viewing and web browsing (e.g. Brave Browser)

- Shared data storage or processing power (eg Swash, Streamr)

- E-commerce (e.g. Boson Protocol)

- Product inputs, surveys, micro-tasks and the gig economy (e.g. StormX, Earn)

- HD storage/CPU on shared cloud network (e.g. Storj, Golem)

- Participate in prediction markets (eg Augur)

- Peer-to-peer renewable energy transactions (e.g. Powerledger)

There are many more examples. As you can see, there are already many opportunities to earn a small income, and many more are waiting to be discovered.

Scott:"Creator economy "is exactly our vision, and we will see a mature creator economy model in the future. Here, people who create value online, that is, users, can get corresponding compensation for their online activities in the form of micro-income streams. return.

To us, this creator economy represents a new and better era for the Internet. But to get there, we need to raise user awareness about micro-revenue streams and Web 3.0.

So, how do we do this? There are three main ways:

1. We actively connect with other like-minded projects, building partnerships and ecosystems with those who share our vision to build a decentralized network. As the network of services grows, we grow our reach and involve more people in these ideas.

2. Our marketing objective is to: (a) promote the Amasa project, (b) raise awareness about micro-income streams and the wealth-creating potential of Web 3.0. So when we put together content strategy, articles, social media content, press releases, etc., we're always thinking about how to achieve those two goals.

Our meeting with you today is part of that - connecting with the community, hearing your questions and sharing information. Thank you for having us here!

3. The Amasa app will educate and engage users on micro-revenue opportunities that they may not be aware of. Once someone uses the platform, a key purpose will be to support the discovery of micro-revenue streams. We want our users to discover and earn more and more rewards for online activities over time, so their wealth accumulation potential will continue to increase.

Snow: Can you give us some details about Amasa? What key problems does it solve that existing solutions cannot, and what is its competitive advantage?

Scott & James:

certainly! Amasa's goal is to enable anyone, anywhere in the world, to capture and leverage the value creation potential of micro-revenue streams.

We're doing this by building the world's first micro-income stream investing app. Amasa App will make small income easy to obtain, composable and stable. In addition, users can invest in DeFi options to further increase income.

we call it"investment flow":

Investment Stream helps users solve three main problems to maximize their micro-income.

1. Problem: Fragmented Ecosystem > Solution: Automated Aggregation

Amasa will address disparate tokens in a decentralized ecosystem by automatically connecting these disparate wallets and protocols into a single application. This will make it easier to track, manage and capture micro-income in one place, while discovering new money streams and opportunities.

2. Problem: Value Fluctuation > Solution: Stabilization

Amasa will offer an option to earn income independent of token price fluctuations through automatic conversion to stablecoins, or as an alternative, users can stake earned tokens, maintaining existing assets while gaining income opportunities.

3. Problem: Relatively low value > Solution: Extended value

Amasa will then amplify the value of stable earnings by leveraging a range of DeFi protocols. Options will be reviewed by a panel of experts and voted on by the community. Investment options will be selected by the user and then executed automatically.

Amasa is the first project to address these issues in this way, which is our greatest competitive advantage. Our goal is to achieve mass adoption and a fair distribution of wealth. There is no other platform that helps people consolidate and maximize micro-income streams in this way like we do.

Snow: In the era of web 3.0, social platforms such as Facebook and Instagram have sprung up one after another. Everyone can post information, realizing real-time interactive communication and flexible and efficient fragmented time organization. So in the new era of Web3.0, what services does Amasa provide to users?

Scott & James:

Every month a new Web 3.0 application is launched, rewarding users with micro-revenue streams. We mentioned some of these categories and examples above.

One of the categories of Web 3.0 applications is indeed social networking and content creation. Platforms like Minds and Sapien will increasingly compete with Facebook and Instagram by offering users a better deal — paying users for their time and effort, rather than using them for ad dollars.

In this Web3.0 era, as more such platforms emerge, users will be rewarded with more tokens from more different platforms and hold different tokens in different wallets. Amasa's core service to users is to help them integrate and maximize the value of these tokens through our combined-stabilization-amplification process.

Snow: This question is about the value capture of tokens. What token distribution mechanism does Amasa adopt? Where is the value of $AMAS as the governance token of Amasa?

Scott & James:

First of all, we are happy to share with you that AMAS token staking starts this Wednesday (November 3rd)! For information on this issue, see the following. For more information on this, please refer to the following links:

- https://amasa.medium.com/amasa-to-launch-new-amas-staking-pools-92c86c965b35

- https://www.chainnews.com/articles/029766137076.htm

AMAS is currently listed on Uniswap v2. Can be bought and sold at:

https://v2.info.uniswap.org/token/0x65a8fbA02F641a13Bb7B01d5E1129b0521004f52

Now, let’s talk about the function of the token again. As you know, AMAS is a governance token, and token holders will be able to participate in community governance by initiating proposals and voting on new development plans, such as:

- Integrate with the new Web 3.0 micro-revenue application

- New DeFi protocol integration

- Implement new features that create value for the community.

The addition of new rewards and value-added features will be driven by the community. In the future, such additions may include incentives for activities such as adding new revenue streams to your Amasa application or other user interactions.

Our upcoming stake pool is another example of how the AMAS token rewards the community for growing with Amasa.

Snow: I saw that Amasa has recently reached a cooperation with IoTeX! IoTeX is a self-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT), and Amasa is the pioneer and leader of a micro-revenue stream application platform. Why did you choose to cooperate with IoTeX?

Scott & James:

IoTeX is our good friend at Amasa! We are honored to be collaborating with such an innovative project.

IoTeX allows users to track, control and trade verifiable data generated by IoT devices. These verified data sources connect what is happening in the real world to blockchain applications.

Essentially, Amasa will help users better monetize this data, allowing them to combine the value of data-sharing token rewards with other micro-revenue streams, which are then amplified through DeFi protocols.

In addition to IoTeX, Amasa has ecosystem partnerships and is integrating with a range of projects in gaming, social media, Layer 2 tech, Dex and DeFi, including:

- Polygon

- Synthetix 

- Swash 

- Animoca Brands

- IoTeX

- Revv Racing

- Hive

- Chainlink

- Quickswap

- Boson protocol

- Enzyme 

- Paraswap

- Sapien

- Staked 

- dHedge.

Snow: In the next few months, what is Amasa's next development plan?

Scott & James:

Our current focus is on product development, continuing to build meaningful ecosystem partnerships, and connecting with our community.

Our goal is to have v1 of the Amasa app available in the market by Q2 2022 as follows:

- Expand micro-income, stably integrate DeFi and Amasa applications, and fully improve the application

- Expansion of user base and community

- Improve user experience with Amasa products.

Our plan is to grow and expand Amasa's ecosystem and develop the Amasa platform into an integral part of the global Web3.0 and DeFi, focusing on driving the adoption and growth of Web3.0 and DeFi.

Snow: Finally, let's talk about NFT. What is the corresponding layout of Amasa in the NFT field?

Scott & James:certainly! No discussion of cryptocurrencies is complete without talking about NFTs! :)

NFTs offer a variety of ways for people to earn micro-income stream rewards and benefits. To learn more about this, you can read the following articles:https://amasa.medium.com/the-rise-of-nfts-and-why-theyre-the-new-social-capital-f6d722e43686

Amasa users will be able to generate income NFT projects in games, DeFi or any other space where the possibility of income or income exists. Amasa will then provide a streamlined process to combine this NFT-based income with their other micro-income streams and amplify its value through DeFi protocols.

NFTs are a core feature of the many micro-revenue stream projects that Amasa has partnered or intends to collaborate on. One of these is our recently announced partner Revv Motorsport.

Amasa and REVV Motorsport will host a gaming tournament at REVV Racing with giveaways of up to $10,000 and featuring Amasa-themed REVV Racing NFTs. Players can participate in these REVV races by purchasing NFT cars through the NFT trading marketplace OpenSea.

You can read about Amasa's partnership with Revv Motorsport at https://amasa.medium.com/amasa-partners-with-revv-motorsport-9c20ebb0464a.

Community Q&A:

Community Q&A:

Q1: We learned that amasa is the first micro-income stream investment application, so will amasa adopt community-based DAO governance?

James：Amasa is definitely a community driven project. AMAS tokens will help facilitate community governance. People will be able to make proposals and vote on proposals that advance the platform.

In addition to developing applications, we are researching the best organizational structure. In the future it could be a form of DAO, but we're still working on that.

Q2: Please introduce the AMAS pledge pool in detail. What is the annual rate of return? How does amasa incentivize token holders?

James：We will be launching two stake pools on Wednesday, November 3rd:

1. AMAS Single Asset Mortgage Pool: Users will be provided with 120% APY for locking AMAS tokens for 60 days.

2. AMAS: ETH liquidity pool (LP) collateral, will distribute 2,000,000 AMAS tokens to the community within 90 days.

For full information see: https://amasa.medium.com/amasa-to-launch-new-amas-staking-pools-92c86c965b35.

Q3: How do you see the future of the micro-income platform?

Scott：We think the future of micro-revenue streams is something to look forward to. As we all know, Web3 is here, and the number of platforms that provide value to users will increase exponentially, and these platforms will positively affect their financial situation.

Q4: What is your plan for 2022? Do you have plans to list on an exchange?

Scott：Product and app development with a clean and simple UX/UI is our current focus and we are very much looking forward to launching it in Q2 2022.

We continue to connect with people interested in micro-income streams, which we believe will be of great benefit to our growing community.

Currently, users can trade $AMAS tokens on UniSwap, and we plan to list tokens on centralized exchanges in the future.

certainly.

James：certainly.

On September 21st, we announced the closing of a $1.5 million private sale.

On October 3rd, we successfully completed our public offering with ChainBoost, Trustpad and Genesis Shards. Then on October 5th, we listed tokens on Uniswap v2 and distributed initial tokens.

Since then, we've announced new partnerships with IoTeX, Hive, and Revv Motorsport. We continue to develop high-quality partnerships and will be announcing another important partnership this week.

We will also introduce AMAS token staking to the community this Wednesday.

You can follow our social media for more latest news!

Regarding our private sale, we are very excited about the results of this funding round. We believe that the high participation of reputable venture capital firms, play to earn leaders and successful blockchain developers confirms that what Amasa is doing has some meaning and potential.

Our full list of investors includes:

- Animoca Brands (lead investor)

- OKEx Block Dream Ventures

- SkyVision Capital

- Spark Digital Capital

- Momentum 6

- Sandeep Nailwhal, Co-Founder of Polygon (angel)

- Gabby Dizon, Co-Founder of Yield Guild Games (angel)

- LD Capital

- Double Peak

- Maeve Ventures

- ZBS Capital.

Q6: What technology does Amasa use? Is security and stability worthy of users' reassurance?

James：Security and stability are of paramount importance to users, and we don't rush to release our products, but take the time to ensure these are features of the Amasa platform.

Regarding technology, it is important to say that Amasa is developing a cross-chain application. We are blockchain agnostic and will integrate more chains and platforms in the future to continuously improve user experience and value.

Which technologies do we start with?

For us, it made the most sense to start with Ethereum. Of course, we'll also be building on Polygon. Polygon is an early supporter and partner of Amasa and we are working closely with them to benefit from their Layer 2 solution. Polygon is a pioneer in the L2 field. It is a relatively mature protocol with an excellent team and reputation. There are already many projects based on Polygon, and it is showing a growing trend. Polygon will help Amasa minimize its transaction fees.

This article does not constitute investment advice, and the content is for reference only.