BlockTalks x GAINS Associates AMA Transcript!
Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA with GAINS Associates, on April 6th at 11.00 AM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Alexandre Raffin, CEO at GAINS Associates. So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.
Introduction Questions Asked By Team BlockTalks!
Q1. Can you tell our audience a bit about GAINS?
Ans — GAINS is the World’s First Decentralized VC, which means anyone can get in private sales through us. It’s really revolutionary. In the past, these were mostly reserved to influencers.
We’re democratizing investing for the masses, which is very powerful.
Compared to traditional finance when you usually have to be already rich to invest (accredited investor status), we are removing most barriers of entry. It’s really crazy when you think about the potential life changing opportunities that anyone can get access to, simply by buying $GAINS.
So far, GAINS has raised more than $5M for 50+ projects, including Avalanche (116x), Quant Network (57x), Reef finance (62x), Bridge Mutual (42x) and many more. Recently, we also had the pleasure to invest in and support LABS Group and Cellframe that both did very well (50x+)
I’m happy to say that we’re recognized as a leading brand in the crypto space.
Holders of $GAINS will have access to tiered investment groups. The higher the tier, the bigger and more exclusive the allocations
— GAINS Tiers —
🐳 Tier 1: GAINS Blue Whales — 200,000 GAINS required
🦈 Tier 2: GAINS Baby Sharks — 100,000 GAINS required
🐬 Tier 3: GAINS Sleek Dolphins — 30,000 GAINS required
🐟 Tier 4: GAINS Silver Fishes — 10,000 GAINS required
Q2. What are the advantages of GAINS to other alternatives in the Blockchain field?
Ans — There are a few other groups that offer deals and some are great. Our main difference, from the very start, was that we only offer deals we believe in and personally invest in ourselves. That’s called skin in the game. We’re not doing a ton of deals just to collect fees from our members. We value quality.
Q3. What are the major milestones GAINS achieved so far & what are in the future pipeline?
Ans — The most significant milestone would be the launch of the token itself. Seeing how so many people are willing to trust us with their money, this time for our own “project” was a great feeling, as well as a new responsibility.
It’s nice to take it in for a bit but it’s also “just” a step forward, a way to make better things, faster.
In the future, we plan to keep on:
— Delivering great deals like we know how to do
— Start incubating a few projects — very excited for this
— Launch several key products to enhance the ecosystem for retailers
Regarding incubation, we already have 2 very solid projects ready. We’ll have exclusivity over their raise which is interesting if you plan on holding $GAINS
Questions Asked on Twitter For GAINS Team!
Q1. On its website a ranking system made up of 4 tiers is mentioned. How can this be accessed? Can you explain what the benefits are? Will there be more tiers in the future?
Ans — The 4 tiers are based up on the amount of GAINS tokens held. The higher tiers give you great certainty in allocations because the % of the deal allocation per tier increases. In the higher tiers the participants will probably also give good insights into the market as the larger fishes will be in it. To ensure that the tiers do not become too expensive when the price of GAINS goes up, the entry level for the lower tiers may drop a little when it becomes too expensive. Below is a nice overview of the tiers for you
You can also find more details about token metrics in general in our deck: https://www.gains-associates.com/deck.pdf
Q2. GAINS is a wonderful community, but I was surprised that they have launched a token of their own. My question is, what will be the use cases for the GAINS token? What advantages will the GAINS community members have by owning the token?
Ans — So, the main use case is access to deals and private groups with like-minded people. It’s really important to have better conversations than in big public groups imo.
Also, there will be private AMAs with CEOs.
Holders will also get access to a newsletter and some on-chain data analytics!
And we will have lotteries with a few allocations per deal for small holders of less than 10,000 GAINS!
Q3. Can you tell us some of the important partnership of Gains Associates? How did those partnership gives impact to your platform and Community?
Ans — You can see some of our strategic investors here: https://gainsassociates.medium.com/introducing-the-gains-strategic-investors-940a3e3482bc
Extremely well connected and reputable names. Moonrock and Morningstar for example were recently involved with Polkamon which had an insane performance
And in general, we know a ton of projects, thanks to having been in the space for so long. I have personally hosted over 100 AMAs in our own group 😂
So, in partnership with a few select projects, we’ve been happy to pioneer learndrops. They’re like airdrops with some questions you need to get right.
So far, we’ve had learndrops for holders of DATA, OCEAN and KNC, solid projects!
It’s been a great way to filter people who can’t be bothered to read and do basic research. Even easy questions are good to remove lots of people that we don’t want in our community. We will continue to have these types of events and we’re planning on pushing things even further :)
Maybe one day projects will only have holders who are very knowledgeable about what they do. Imagine if every holder could be a true ambassador of the project.
Q4. How do you plan to grab a large share of the market? What is your strategy or I can say the features that make you different from your competitors. Please explain the topic.
Ans — Unlike many communities in the crypto space, our community has been built organically and stayed together in the bear market to make each other smarter and better. We kept building ourselves and we kept looking for potential projects that could change the financial sector.
For example, in the bear market we found projects such as Avalanche and Quant Network, while other communities had already given up hope.
I therefore think that the GAINS community is structurally different from most groups, we are here for the long term, bear or bull. And we have proven that. Our main strategy is therefore to keep building trust and proximity, we think that a good user experience and a strong community is a big value proposition for projects who want to work with us.
Q5. Many of investor just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to long term?
Ans — With the launch of the GAINS token we can leverage our strong community to a certain height where it is even more attractive for projects to work with us.
We have managed to gather a school full of fishes that work as a whole on making a community stronger and scaling a projects reach. This besides our knowledge and funding makes us very valuable for up and coming crypto projects. We think this will give us great long term value for the ecosystem and our investors.
Questions Asked by our BlockTalks Community Members during live Session to GAINS Team!!
Q1. How can you simply introduce GAINS to any crypto newbies to invest?
Ans — You could try to introduce noobs to GAINS but it’s a bit hard still.
This is why we’re going to work on basic crypto tutorials and on boarding. There’s a massive wave of noobs coming soon, a huge untapped market. Those ready for it might profit greatly. When these noobs turn into intermediate users, then they might take an interest in the GAINS token to start getting in on the action.
Q2. I have some gains token I won in one of your Twitter events sometimes last year, so i want to know if it’s still the same with the gains token that will be launching today? If you don’t mind sharing the smart contract address with us.
Ans — There will be a “caredrop” for people who’ve been with us for a long time and provided value in the community
We know we wouldn’t be here without the support of everyone.
Q3. Why is the logo of Gains Associates a whale formed of many little fishes, and how does it represent what the community is in the group?
Ans — This logo embodies the meaning of the name GAINS: Group Action Is Never Small, showing that together small fishes can compete with whales!
Q4. On your page they mention something about a secret application that they have prepared for this month of April. Is it still on for these dates? What can you tell us about it?
Ans — One of the projects we’ll incubate is a social media platform with built-in viral mechanisms, that’s all I can say right now.
Q5. Regarding the deals you offer, is there a place where new members can check the list of all the previous deals you guys have conducted including the ones that are doing fine and those that are still under performing or you’ve never made a bad deal before?
Ans — We’re revamping our website. Soon, we’ll have a portfolio section with the projects we have invested in and support.
Q6. What is your expectation of the GAINS IDO?
Ans — We hope the launch will go well, but no matter the token price, we will get right back to business and doing what do we best which is delivering deals.
Q7. Considering that Gains will launch its token soon, does this mean that all the rewards of the events that take place in your group will be distributed in Gains token?
Ans — Some of the most active and best participants in our chat might receive $GAINS tokens, yes.
Let me talk briefly about our token metrics.
We have designed them so that the incentives are aligned and the team stays committed.
1) Team tokens are vested over 2 years and we won’t get them all until we deliver a combined ROI of 1,000x from our deals
2) We will do several buy backs and burns 🔥
a) With 10% of our revenue and
b) with half of the pool fees, that are reinvested in our deals. If a deal does 50x, that’ll be a decent amount to be bought back and burned.