BlockTalks x Harmony Launcher AMA Transcript!
We recently hosted an AMA with Harmony Launcher, on February 10th at 12.30 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 Harshad Wagh, CEO at Harmony. 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 briefly describe what is Harmony Launcher?
Ans — Harmony Launcher is the world’s first decentralized IGO + IDO Launchpad & Incubator with an integrated AMM DEX built on the harmony Blockchain. As a Launchpad and Incubator, Harmony launcher’s primary focus would be on incubating and providing all the fundamental & substantial grounds for startups and projects based on the harmony network to Nourish Build, Raise Funds & Launch successfully in a hassle-free and safe way.
Q2. Can you introduce what makes you better than your competitors what different you are offering and what’s the competitive advantage that stands you unique in the market?
Ans — So far we don’t see anyone coming any near to us , we are the only project on harmony blockchain with this much support from our dynamic Advisory , 50 + global industry pioneers vcs and numerous strategic investors alongside 200+ kols
This establishes strong foundation to trust on and we are really great-full for this aswell foresee to take this ahead and deliver the best.
As mentioned I found that there was lack of strong foundational Launchpad on harmony and the potential harmony blockchain holds to scale up as an emerging ecosystem
So we fit into fill the exposure gap in the ecosystem for projects in nascent stage.
Q3. Can you share the achievements the team has made so far? What are the major achievement target Harmony Launcher is yet to achieve and your next 3 months strategy.
Ans — We have raised 1.7 mil ~ at an valuation of 12 mil in our private rounds and aim to raise additional 240k in public sale via hosting triple ido on genesis shard firestarter and our own platform
Read more :- https://finance.yahoo.com/news/harmony-launcher-raises-1-7-140000523.html
In upcoming 100 days
We would wish to acquire following milestones
-cex listing
-our dex test-net launch
-our dex mainnet launch
-migrate onto our dex completely
-offer really attractive lp reward after dex is live
-incubate at least 5 projects via our network and platform
-shift onto dao structure.
Q4. What is your knowledge in the field and what makes you an ideal team make this project a success?
Ans — Our team compromises of
Harshad is fullstack blockchain dev working in the industry from 5 years ~
Have been big data analyst previously details
And I also has been industry for a while and comes from engineering background was featured in us today recently alongside Evan Luthra Mario Nawfal Ceo of rainmaker and gains associate
Details https://www.usatoday.com/story/sponsor-story/karishhma-mago/2022/01/06/meet-2022-s-standout-blockchain-experts/9102315002
We have Prashant our cmo and Alex head of business dev. They hold expertise in marketing and have been working with chinchblock and market across previously
Have served 200 + project in this while
Beside we are continuously growing our team to reach the milestones before time.
Questions Asked on Twitter for Harmony Launcher Team!!
Q1. What utility will they implement in their token that will force investors to continually buy their token?Or will it really just be necessary to hold your tokens and block them?If so,then how to increase the demand for this token and not stagnate as it happens to other launchpads?
Ans — Although $HARL is a launchpad utility token.
Basic utility including
1. Yield Farming ( Users stakes $HARL tokens to earn other coins)
2. Staking: you stake or lock your $HARL coin and earn more $HARL tokens
3. Earnings from liquidity pool.(Add to liquidity pool & earn/share trading fees.
4. Lottery. You buy tickets with $HARL tokens and win amazing prizes.
5. Play games to earn Cryptocurrencies. Other projects donate coins to our pool to gain a larger community as people adopt their tokens. Our users play games freely and receive those tokens.
Other than staking and farming and project allotments. the utility of HARL will be beneficial in acquiring premium range of NFT cards, and likewise.
We also plan to use that token in metaverse as mode of currency especially for the harmony metaverse projects and gaming alike.
This self sustaining ecosystem on Harmony launcher can easily bring about revolutionary change in patterns for "HODLING" the token as we cater to bring about new and exciting projects and continual developoment on the launchpad as well with the premium features offered.
Q2. I noticed that HarmonyLauncher is working on mobile application testnet and AMM DEX Beta V1. What improvements are you working on for the Mobile Application and what innovations does the AMM DEX V1 version include? Is this version still in BETA?
Ans — AMM-based DEX bear attractive features such as decentralization, automation and continuous liquidity. With traditional.
order-book-based exchanges, the market price of an asset is
determined by the last matched buy and sell orders, ultimately
driven by the supply and demand of the asset. In contrast, on
an AMM-based DEX, a liquidity pool acts as a single counterparty for each transaction, with a so-called conservation
function that prices assets algorithmically by only allowing the
price to move along predefined trajectories. AMMs implement
a peer-to-pool method, where liquidity providers (LPs) contribute assets to liquidity pools while individual users exchange
assets with a pool or pools containing the input and the output
assets. Users obtain immediate liquidity without having to
find an exchange counterparty, whereas LPs profit from asset supply with exchange fees from users. Furthermore, by using
a conservation function for price setting, AMMs render moot
the necessity of maintaining the state of an order book, which
would be costly on a distributed ledger.
AMMs benefit both LPs and exchange users with accessible
liquidity provision and exchange, especially for illiquid assets.
Despite the apparent advantages, AMMs are often characterized by high slippage and divergence loss, two implicit economic risks imposed on the funds of exchange users and LPs
respectively. Moreover, AMM-based DEX are associated with
myriads of security and privacy issues. Throughout the last
three years, new protocols have been introduced to the market
one after another with incremental improvements, attempting
to tackle different issues which had been identified as weak
spots in a previous version. On top of that, new use cases are
being addressed, and new applications of AMM iterations are
proposed to the market. While innovative in certain aspects,
the various AMM protocols generally consist of the same set
of composed mechanisms to allow for multiple functionalities
of the system. As such, these systems are structurally similar,
and their main differences lie in parameter choices and/or
mechanism adaptations.
Yeah DEX is testing and audit phase I’ll live the DEX once audit will Complete.
Q3. I was reading that HarmonyLauncher did a 100 Series A NFT airdrop. My question is: in what way are your NFTs supported? what guarantees the value of your platform's non fungible tokens now and in the medium to long term?
Ans — The NFTs will allow the holders with certain surprises and the NFT holder will be automatically eligible of next 3 IDOs on HarmonyLauncher platform. More details will be shared on the channel as and when projects on the launchpad are announced. Apart from that Harmony Launcher Is also developing its own metaverse ecosystem where one can use these NFTs to buy complete certain goals and other important development.
Q4. Many launch pad platforms have stringent restrictions for participation, such as WhiteLists, severe KYCs, and even deposits, thus many users are unable to participate; would Harmony Launcher meet the same standards? Or do you really want more users to participate?
Ans — While we belive in Decentralisation our main aim is to bring development onto harmony network. Rest assured we will be giving whitelisting opportunities to everyone. Once platform is launched DAO governance will be implemented. It will also give equal opportunities for the project developers as well as users.
Q5. I've read that the Harmony Launcher platform guarantees that funds raised by companies are escrowed. How is this contract formed? How secure can people feel about managing their digital assets with their escrow? Tell us a little bit about it.
Ans — We are fully audited by a reputable audit firm. our Smart contract has successfully gone through manual code review, static code analysis and security checks against threats using sophisticated tools by a reputable audit company . Apart from the escrow system we have insurance protocol ready and also heavy vetting plus regards to Tnc before listing rest assured all funds will be safe within the harmony launcher ecosystem.
Questions Asked by our BlockTalks Community Members during live Session to Harmony Launcher Team!!
Q1. Hackers are pretty active in the market and this makes most of the investors scare from investing new project. How Secure is Harmony Launcher? Can you please tell us about the Security System of Harmony Launcher? Do you already have an audit?
Ans — We are fully audited by a reputable audit firm. our Smart contract has successfully gone through manual code review, static code analysis and security checks against threats using sophisticated tools by a reputable audit company . Apart from the escrow system we have insurance protocol ready and also heavy vetting plus regards to Tnc before listing rest assured all funds will be safe within the harmony launcher ecosystem.
Q2. Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about Harmony launcher current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Ans — The most important support being the assistance provided by harmony team with respect to development and scaling. Aprt from these our strategic partners including but not limited to
Cathy Zhu China head Casper labs
Waleed Rasuli md tezos
Nikolus kost ex harmonyYuen Wong ceo of labs group
Lary shi founder basic capital
Jef & Justin Maven capital
Demelza director cointelgraph
Evan Luthra Advisor and angel investor Yash ceo of acknoledger
And add to it
GenShards
firestarter_fi
Rebaked and hello capital.
Q3. Metaverse and NFTs is hot trending now, Do you have a play to have it in Harmony launcher? If so, can you tell us the plans of Harmony launcher in Metaverse & NFTs?
Ans — Apart from providing farming staking, we have other resources to have balance on the aspects such as providing NFT cards, integrating the $HARL token into metaverse.
We also plan to use that token in metaverse as mode of currency especially for the harmony metaverse projects and gaming alike.
Q4. So many projects that promised miracles but never released a working product or proved any revenue, in a short/long time of release. can you tell us, What makes Harmony launcher different from other projects?
Ans — Basic utility including
1. Yield Farming ( Users stakes $HARL tokens to earn other coins)
2. Staking: you stake or lock your $HARL coin and earn more $HARL tokens
3. Earnings from liquidity pool.(Add to liquidity pool & earn/share trading fees.
4. Lottery. You buy tickets with $HARL tokens and win amazing prizes.
5. Play games to earn Cryptocurrencies. Other projects donate coins to our pool to gain a larger community as people adopt their tokens. Our users play games freely and receive those tokens.
Other than staking and farming and project allotments. the utility of HARL will be beneficial in acquiring premium range of NFT cards, and likewise.
We also plan to use that token in metaverse as mode of currency especially for the harmony metaverse projects and gaming alike.
So we think this should be enough for the HARL to be the best lot amongst the best.
Q5. The "Harmony Launcher Incubation Program" catches my attention. Can you give us more information about what this program consists of and how it would benefit companies in investors? Would you add a mobile network for this?
Ans — The main aim of Harmony Launcher is built upon helping project get onto harmony network owing to its scaling and interoperability.
We have raised 1.7 mil ~ at an valuation of 12 mil in our private rounds and aim to raise additional 240k in public sale via hosting triple ido on genesis shard firestarter and our own platform. And numerous other things under our incubation devision so far we have partnered with genesis shard, rebaked and hello capital ( early stage backers of polkadot and lit and numerous other projects) and have got them to setup 1.2 mil dollar fund collectively to incubate projects in their earliest stages.
