AMA Recap: Avalanche Vietnam x Heroes of NFT
On Friday, January 14th, 2022 at 09:00 pm (UTC+7), we hosted a live AMA with Caesar Julius, Marketing Manager of Heroes of NFT.
A revised transcript is available below:
Q: Before we dive into the questions, can you introduce the Heroes of NFT project to Avalanche Vietnam community. Tell us about the team, your guys’ background, and what you all bring to the project?
A: The Co-Founder Team is a highly-skilled group of individuals. All the members are graduates of the same university, which is one of Turkey’s top-ranked and internationally known universities. Because the team members live in the same city, they have the opportunity to meet together for team-building activities. For start-ups, we feel that team building is critical.Co-founder/CEO; has a bachelor’s degree in Electric and Electronic Engineering, a master’s degree in MBA and worked in system administration field with strong abilities in shell scripting and python in the public sector for some years and has over 13 years of total experience in the energy sector as an executive. He is an early investor and validator of Avalanche.
Co-founder/Business development and Financial Affairs; has a bachelor’s degree in Economics and a master’s degree in MBA, and over 15 years of experience in multinational companies as a financial analyst and corporate finance Executive.
Co-founder/Blockchain & full-stack developer; has a bachelor’s degree in Computer Sciences. and expertise in C/C++, Nodejs, Solidity. Developer for 6 years mainly specialized in backend development with a total experience of over 12 years and a serial entrepreneur.
Co-founder/Game Developer; has a bachelor’s and a master’s degree in Computer Sciences; and Expertise in Object-Oriented Architecture, Socket programming, C/C++/C#, Unity, Unreal Engine, VR and AR developments; with total experience of over 12 years.
Our main goal in the Heroes of NFT project is to create a game ecosystem that is linked to the overall metaverse. We want our users to play other games besides the first game we developed, Heroes of NFT while spending time in our waiting lobby.
Heroes of NFT is a metaverse where players can create their own Metasphere, roam the universe, interact, and trade Avalanche NFTs with other users while enjoying the play-to-earn games in our battle arenas.
Our entire project is named after our first game, Heroes of NFT for the time being, in the future, we plan to use a different brand for the overall project so that we can offer additional games to our users.
Heroes of NFT is a turn-based collectible trading card game where you need to devise a strategy rather than rely on the pure chance or strength of your heroes. You will battle with your heroes against your opponents to complete missions and reach victory. Players can compete in arena battles or enter tournaments to show off their talents while using distinctive hero cards
1. Can you tell us some of the use-cases of the $HON tokens in your platform? What are the uses of this tokens in your platform and in the market? What are the benefits when buying and holding $HON tokens for a long period of time?
The HON Token serves as a governance token. We’ll distribute the majority of HON supply via gaming, yield farming, and NFT with HON token staking in addition to our sales rounds. Staking NFT with HON token is for our small investors who do not want to lose money in any impermanent loss. HON tokens will be staked together with NFTs to earn more HON tokens. Additionally, the utility will occur by the creation of new NFTs. For example, players will stake their NFT character cards and will need to utilize HON tokens to construct new NFTs such as items, weapons, and power-ups as erc1155 NFTs with a drop rate bound to their rarities.
Holding HON token also grants players to enter special competitions and tournaments with extra yields. These yields are not limited to HRM rewards but also items, collectibles, and power-ups.
Another benefit of the HON token is that it will be used in the marketplace by our users. Our land sales will also be conducted in HON Token.
Because the HON token serves as our governance token, it is designed to make sure that HON holders are satisfied with the overall mechanics and economics.
2. Most NFTs games currently suffer low player base due to expensive initial cost for a new player to take part in the game, How does Heroes Of NFT is attracting large group of players? can you talk some of its features which make it different from other?
We are focusing specific regions and Far East/South East Asia is one of the crucial areas we focus. we believe that people with gaming experience in developing countires can be the main source of our player base. moreover, the play2earn mechanics would be beneficial and important for people who play the game, so Asian communities are important to form our player base.
3. NFT gaming is trending particularly those featuring a Play-to-Earn mechanism is clearly the new trend these days. Heroes of NFT has really attractive features. Can you explain Play-2-Earn mechanism in more details & how users can generate passive income from this model?
We have created an innovative division of labor in the Heroes of NFT ecosystem. With this model, users can enjoy Heroes of NFT without having to play the game.
Early investors, which we call Farmers, will benefit from providing HON tokens to the ecosystem thanks to the yield farming protocol.
Gamers who will make up the majority will earn HRM tokens by playing the game. They will also be the ones who spend AVAX to buy NFTs and spend HON in the marketplace for Hero NFTs, skins, terrains, hero superpowers, hero items and spend HRM for in-game items.
Workers who will not play the game as much as gamers but who still want to earn income from Heroes of NFT will earn income by staking character NFTs with HON tokens.
Having an interactive game that you can play against your opponents as opposed to a browser-based idle game differentiates us from the many projects on the Avalanche network. An additional advantage is that players can start to play the game with a relatively lower investment compared to some other projects.
Holders of our governance token, HON, will determine the future of the game through project DAO and thus the community will have a tangible impact in designing the future of the game. Having all these features, Heroes of NFT distinguishes itself from others.
4. Smart contracts are vulnerable to bugs, and even recently some in #Avalanche projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?
Certik has audited our most essential contracts. We have gone through a KYC with Avalabs and the rest of our investors. Although we do not use our real names on Telegram, we do reveal our identities to our backers to build confidence. Finally, we built a strong infrastructure to meet blockchain security requirements. We were fortunate in that one of our co-founders had previously worked in a cybersecurity related position
5. Almost every investor holds the token for the short-term without understanding the long-term value. So, how can you ensure for us that holding this token is more beneficial for long-term and what is your plan to increase the demand and scarcity of the token?
First, we offer the opportunity to be a part of a megatrend, the Metaverse, that shapes the future of the cryptocurrency ecosystem. Our project focuses on creating a gaming and trading environment within the metaverse. Furthermore, our updated tokenomics will be beneficial for long-term investing. The price stability of the HON token we provide, and its high frequent usage in the project in the future will benefit our long-term investors.
6. What is your marketing strategy and how will #HeroeSofNft have global expansion and adoption for your project where English is not spoken? What’s your next priority? What’s on your roadmap?
We are focusing people with gaming experience who lives developing countires and can have a benefit in our play2earn mechanics. Thus, South East and Far East Asia are crucial regions for our expansion.
The roadmap👇
https://docs.heroesofnft.com/roadmap
7. Does #HON have an ambassador program for plans to become a global project or just a few countries or locales and is there an airdrop on #HON for the community?
We have started our KOLs program, you can apply and help us to share the word of Heroes of NFT!
https://twitter.com/heroesofnft/status/1479922611182313473?t=_xnEGxRhwTV3cDesP1Sp3g&s=19
8. How important is the COMMUNITY to you? and how can we collaborate or help you for the development of the project?
From starting of the project, we are very closely working with our community, we believe that without a strong community, no project can survive. Even in our tokenomics, we have a special part of comunity sale!
9. For project development, the main priority is to have sufficient funds. Is Heroes of NFT’s team financially able to carry out this project? Do you have a partnership with a venture capital company or an investment company?
We have important partners and backers including Avaxstars, NFTrade, Yetiswap, Colony, Maven Capital, DAR Labs, Aventures DAO, who are crucial for our project’s success. Their investments and partnerships help us develop the project while ensuring funding.
Our partners are very well known within the ecosystem, especially in Avalanche, and we use them to further develop our project. Their expertise, strong network, and support help us grow and be known in the sector.
10. In Vietnam, the NFT game is now developing extremely fast, in addition, there are low-quality projects, what will you do to help your game overcome this difficult period?
Heroes of NFT differ from other projects in a few areas.
We have created an innovative division of labor in the Heroes of NFT ecosystem. With this model, users can enjoy Heroes of NFT without having to play the game.
Early investors, which we call Farmers, will benefit from providing HON tokens to the ecosystem thanks to the yield farming protocol.
Gamers who will make up the majority will earn HRM tokens by playing the game. They will also be the ones who spend AVAX to buy NFTs and spend HON in the marketplace for Hero NFTs, skins, terrains, hero superpowers, hero items and spend HRM for in-game items.
Workers who will not play the game as much as gamers but who still want to earn income from Heroes of NFT will earn income by staking character NFTs together with HON tokens.
Having an interactive game that you can play against your opponents as opposed to a browser-based idle game differentiates us from the many projects on the Avalanche network. An additional advantage is that players can start to play the game with a relatively lower investment compared to some other projects.
Furthermore, holders of our governance token, HON, will determine the future of the game through project DAO and thus the community will have a tangible impact in designing the future of the game. Having all these features, Heroes of NFT distinguishes itself from others.
