BlockTalks x LIL INU AMA Transcript!
We recently hosted an AMA with LIL INU, on August 15th at 12 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 Braden, Owner of LIL INU. 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. Could you please introduce Lil Inu to our community in layman’s term?
Ans — We’re a meme token working on an NFT marketplace. Building a self-sufficient ecosystem around our $LILINU token with unmatched marketing endeavors.
Q2. What are the advantages of Lil Inu to other alternatives in the Blockchain field?
Ans — We’re an experience team having worked in Cryptocurrencies for over 5 years. We’ve already on boarded 8 different celebrities and have impactful marketing in preparation.
You can look it up here: www.lil-inu.com
You’ll find that we’ve completed a smart contract audit & KYC prior to our upcoming Pre-Sale on Unicrypt (4:30 PM UTC).
Q3. What are the major milestones Lil Inu achieved so far & what are in the future pipeline?
Ans — Well, take for example, our recruitment of Lance Bass, Shannon Briggs, Lavar Ball prior to our pre-sale as a solid acheivement and the marketing that awaits us. we’re really excited about the future and what it holds for us.
https://medium.com/@Lilinu/lilinus-marketing-plan-ea4903f84cd4
That reads on our marketing efforts that we will push with.
Questions Asked on Twitter For LIL INU Team!
Q1. One of the main problems faced by meme projects is the persistent disbelief in investors as they are victims of so many scams. So, do you think that working with celebrities could dispel the doubts of potential investors? Will they be audited with external agents?
Ans — That is a great question! And it extends our belief, knowing the fact that we are Audited & have completed a KYC procedure. This is incredibly wanted by investors, knowing that their funds will not be lost.
I believe it could. It’s not easy recruiting high-level talent as we have in the early stage and we’ll certainly have it coming.
Q2. I read that Lil Inu use a double-token ecosystem. Can you explain what is the purpose of this strategy? What are these two tokens and its advantages for users?
Ans — Well, you must’ve misread. We do not have a double-token ecosystem. It’s an implementation we’re seeking to integrate as a future update.
We can’t really delve into the details as this is a matter we’ve yet to disintegrate and plan around.
Q3. I could read that they will develop a social media platform, but could you tell us more about it? It will be similar to conventional social networks, only that they will incorporate NFT tokenomics to protect each of the content and also reward the hard work of content creators?
Ans — Just one of the developments we seek to implement. Though there has been no planning around such marks.
Q4. In phase three of LIL INU's roadmap is the expansion of the product line into the technology area. Can you tell us exactly what products you expect to develop within this line? What technological projects will you partner with to carry out this expansion?
Ans — This question is irrelevant to current timelines as it does not meet our expectations to plan around it this time. We will be patient and have details on this once we see it befitting.
Q5. As the ultimate Celebrity Endorsed Meme Token, what impacts that it brings to your platform to have a celebrity endorser in your platform? What is the deal you have between Lil Inu and the celebrity endorser that endorse your platform?What advantages to have a celebrity endorser?
Ans — Well, having a 'Celebrity Endorser' builds community trust and confidence knowing that the team is working explicity and has contacts to excWwwlusive figures, putting in the effort on their behalf and providing value that no one else is.
As for the 'Celebrity Endorser’, they’ll be the first ones to have exclusive access to our NFT platform and min their NFT’s to sell to their audiences. Pretty great.
Questions Asked by our BlockTalks Community Members during live Session to LIL INU Team!!
Q1. NFT is getting more popular now a days. It looks NFT has bright future. So do you guies have any plan to include NFT to your project?
Ans — This has been clearly outlined as our main purpose for developments regards our much anticipated NFT marketplace.
Q2. Did Lil Inu work with a good company to audit her smart contracts? and have KYC procedures been carried out to ensure the safety of investors' funds?
Ans — They certainly have and this was a recommendation that the community made for us and we’re incredibly proud to have done the Audit & KYC. We’re grateful for our community.
Q3. While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
Ans — We certainly do! We love the community of our work. Afterall, the contract will be renounced and community takeover is inevitable and we’re happy to make this decision.
Q4. How important is the community to your project? And how can we collaborate or assist you for project development?
Ans — Join our TG and Socials and assist us with the skills/talents that are applicable in your case. Thank You.
Q5. Apart from token burn, exchange listings, online and offline promotions, what other strategies would you use to increase the usability and value of your tokens? Is there an ambassador program?
Ans — There is an ambassadorship/Shiller program in development and it is set to run for the long-run with daily rewards, giveaways and token wins. It will be released soon. Thank You.
Q6. What kind of celebrities do you wish to contact? By joining with you, what type of advantages or priviledges do celebrities receive?
Ans — They get first & exclusive access to our wonderful NFT marketplace prior to all else. A truly wonderful advantage, if I must say so myself.
