BlockTalks x Golden Ratio Token AMA Transcript!
Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA & Quiz session with Golden Ratio Token, on 27th July 1 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Rob Zwartenkot, Initiator of GoldenRatio Token Project & Al Jhon. So here we are up with AMA transcript, for those who missed the live session, this blog post will be saver & feeder of knowledge for them.
Introduction Questions Asked By BlockTalks
Q1. Could you please introduce Golden Ratio Token to our community in layman’s term?
Ans — GoldenRatio Token(GRT) project is a community based project without funding. We’ve built up the project from the ground up.
Our project is about community, we left the liquidity in the hands of the community as we didn’t sold any tokens, but gave away almost the full supply. we’re about building together and involving people in the project.
Q2. What are the advantages of Golden Ratio Token to other alternatives in the market?
Ans — Were an opensource project. We welcome for any type of collaboration that benefit both parties. Any protocol or be included in a marketplace, we would love to be a part of it.
Our strength is our community and partners. We will continue to build good relations as to we bring the purpose of helping other project to one another.
Q3. What are the major milestones Golden Ratio Token achieved so far & what are in future pipeline?
Ans — We got 2 usecase. and first is got accepted on a Online Casino called Jackpotvilla. Where you can deposit GRT and win real money.
Lastly, we got accepted as a payment option and online donation for Cryptocurrencycheckout.
Future plans is to continue build more partnership within the ecosystem and build usecases for GRT.
We currently trying to be a part of the Aeryus project Marketplace and also to be include on their Chainpayments. A way to convert Crypto to Fiat legally in the U.S.
Questions Asked on Twitter For Golden Ratio Token!
Q1. There are other projects that have not had a public sale and are maintained by their community. The first one that comes to mind is GRIN. Does GRT intend to talk to these projects to form partnerships and taking advantage of synergies and available teams?
Ans — That is a possibility, any projects is potential partner for us. As long as we see great growth for both parties. We make sure that this applies for both.
Q2. Some investors are interested in a project, seen from good social media and a reliable core team. does GRT have all that? who is contributing fully to GRT?
Ans — The community and partners. We help the community engage and our partners too. Simply doing posting socials is a great help. All of our admins are from the community and we seek any talents that we see is a big help.
Every individual in our team and community got different skillset. We use that as an advantage.
Q3. As you move forward through your route, what is your most important next priority?Does the Golden Ratio team have enough fundamentals (Funds, Community, ect) to achieve those milestones?
Ans — We plan to be include with Aeryus project’s Marketplace and chainpayments where you can convert fiat to Crypto legally in the U.S
Along the way we will continue to build usecase and partners for GRT.
We actually just released the Evaluation and roadmap for rest of this year.
Q4. As a cryptographic user and investor, I find it difficult to access/value a project in the short term, so I am interested to know, what plans have you put in place by Golden Ratio to add value to $GRT?
Ans — Simply creating usecases either create our own or use a third party project as partner for GRT.
We also expanding our team by creating an Ambassador’s program to help socialize and introduce GRT locally in their respective country.
We are also launching our own market pairs at resfinex next week!
Q5. Congrats to GRT for everything you’ve achieved so far. However, as much as you claim that it is not an investment, you can only reach another level if you attract new users. With so little supply circulating, it is very hard to trade. How to show that it is worth buying the GRT?
Ans — Check the projects results we had within 90 days. We’ve created 27 partners and several usecases for GRT without funding. Its literally creating value from nothing.
Evaluation and roadmap were just published.
One of our plans is the own market pairs that are coming 1 august on resfinex.
Eventually the low supply means that trades will take place in fractions like 0.1 or even 0.01 grt in the future.
QUIZ SECTION
Q1. Current usecase for GRT?
Ans — GRT has two use cases. First is got accepted on a Online Casino called Jackpotvilla. Where you can deposit GRT and win real money.
Lastly, we got accepted as a payment option and online donation for Cryptocurrencycheckout.
Q2. Plans with a partnership of Aeryus Project?
Ans — Chainpayment marketplace
Q3. What is the major goal we did within 90 days?
Ans — Creating Value from Nothing
Q4. Current Golden Ratio Tokens’s being timelocked.
Ans — 265 days, 378 GRT
Q5. Total GRT Tokens being distributed.
Ans — 15,676 GRT
Questions Asked by our BlockTalks Community Members during live Session for Golden Ratio Token team!
Q1. Given GRT’s low supply, how do you deal with liquidity and scarcity?
Ans — Own Markets pairs will play a big role in this. 1 August Resfinex exchange will add a GRT market. Not many projects have their own markets on exchanges. We also have over 30 communities and projects we’re working with. The low supply will mean 0.1 or even 0.01 can be worth enough to be used in trading. Since its an 18 decimals ERC20 token there’s enough room.
We allready have people who stored under 0.5 grt in their wallets.
Q2. On which types of Industries & user base GRT Token project is mainly focusing on? Do you plan to establish partnerships with local cryptocurrency developers in each country to make the use of $GRT more global?
Ans — As what I’ve mentioned in the Introduction part.
Were an open-source project and possibilities are endless. It can be around having usecase for gaming or payments.
We would love to work with those type of developers to create such usecase for GRT.
Q3. Where is GRT commercialized, when would we expect GRT to be listed in other exchanges?
Ans — We allready have several usecases and are listed on several exchanges. https://goldenratiotoken.site/trade , we’ll be working with more exchanges to create own GRT markets. So we’re after more then just pairs on exchanges. we want GRT to be traded vs many projects.
Q4. Does management have an effective system in place to model, manage, and balance risks and opportunity cost and is the company prepared for unforeseen exposure to cryptocurrencies?
Ans — We have been reorganising last weeks. We now have a board of 7 people. an admin chat of 30 people. We discuss and watch what happens. The board is to guarantee we keep on our path/vision.
It stays a community based project where involvement of Community is Everything.
Q5. What was your inspiration throughout the journey of GRT? How has the artistic and creative vision of GRT changed throughout its development?
Ans — We have created Golden Ratio to put realization to other projects that you can create value from nothing.
Without the needs of running an ICO, IEO and other fundings.
Its all about the right people, community and partners to be connected to.
Those are the main cores and basics to have for a project which some forget to realize and being left out.
Here are some important links of Golden Ratio Token 👇
Website : https://goldenratiotoken.site/
Telegram : https://t.me/the_goldenratio
Twitter : https://twitter.com/GoldenRatioTeam
