BlockTalks x LYS Capital AMA Transcript!
Hello! BlockTalkers & Blockchain Enthusiastic!
We recently hosted an AMA with LYS CAPITAL, on May 10th at 3.00 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 Charlemagne & King Dagobert, Founders of LYS Capital. 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 LYS CAPITAL to our community in layman’s term?
Ans — You can now participate in the best pre-sales and other private sales, once reserved for a handful of valiant knights.
Chosen from hundreds of other projects, we only offer quality projects to the community.
Adding our knowledge and network with the power of a big active community, will allow LysCapital to access the best deals possible.
Our group of investors has already invested in many projects such as:
Q2. What are the advantages of LYS Capital to other alternatives in the Blockchain field?
Ans — First of all, We are developers, founders, influencers with very strong knowledge in cryptos, in second we propose to anyone to participate in the presales without necessarily buying thousands or tens of thousands of dollars of tokens.
Q3. What are the major milestones LYS Capital achieved so far & what are in the future pipeline?
Ans — We developed a 100% trustless and decentralized ecosystem. The payment and distribution of tokens are done automatically and no third party or human has access to them.
We will share our contract with the community very soon.
Questions Asked on Twitter For LYS Capital Team!
Q1. Do you have plan B, if there is a recession now, if crypto-winter suddenly comes and everyone starts to sell tokens and exit the projects?
Ans — Since we are focused on serious and worthwhile projects, even with a recession we’ll continue to find contributors and knight to go in the funding battle.
Recession is something that we thought about and we’re aware that it will be more difficult but it will still be possible and working.
Q2. Do you agree that the power of the community will drive your project to global growth? What are your strategies for building a large and strong community?
Ans — Quality, quality and quality
We believe that offering the best projects in the crypto sphere to our clients. Is what will create a strong community that will endure in the long run. While improving our service.
We try to keep the community together by making community jokes like we do with the kings.
Q3. On your litepaper it's mentioned that LysCapital was founded on similar lines to a monarchy where stakers plays a protagonic role, but how do you make all these system decentralized? Isn't monarchy and decentralization incompatible?
Ans — Of course it is.
Look at the United Kingdom, it is a monarchy with a democratic system.
That hasn't stopped it from being one of the most advanced countries in the world.
On lyscapital the kings are the researchers and validators of projects while the senators (investors) decide whether or not to invest in the project.
Q4. Some projects exploit users and misuse users' investments. How does Lys Capital research these projects in terms of investing in the best projects and how does it create an atmosphere of trust for its users?
Ans — Speaking for the projects we validate. Thanks to our long experience of private-sale, seed, pre-sale investments we manage to know the rules of the market, that’s why we are kings.
And speaking for Lys Capital in itself: indeed the team will remain anonymous, but we want to remain 100% transparent with the community, that’s why all our contracts are trustless.
Regarding the validation team, we can say that we have professionals and experts of the crypto sphere, who will work for you, to find the best deals.
You can check my words via our latest projects and the quality of those that will be offered to the community later.
We are also going to present every projects we propose so you can choose to opt-in or not.
Q5. Lys Capital invites other important kingdoms within the crypto world to eat royal meals. Many things can come up within this, but only if you surround yourself with a quality table. How do you assure your people that there is a potential investment in each project presented?
Ans — We want as many investors as possible to participate in the allocations we offer.
Only, the allowance will be limited by an end date and a maximum amount.The allocation will therefore be reserved for the fastest investors.
However, we will have a closer-knit and more numerous community of valiant knights, over time.
This will allow us to get into all the best projects and have big allocations.
Before investing you will have a video and a text presentation of the project.
Questions Asked by our BlockTalks Community Members during live Session to LYS Capital Team!!
Q1. Lys Capital will only focus only on making the pre-sale of these new projects? Or in addition to them, will you also be closely associated, seeking to organize campaigns that can raise these new projects even more?
Ans — At first our focus is on funding, but in the mid-term we are going to implement more ways to help the projects which go through Lys Capital.
Q2. How long does your team of 4 experts complete the approval of projects? What are the reasons for the prolongation and shortness of this period?
Can we suggest projects for your research? Are you being selective when researching projects?
Ans — Depending on the project it can take 2 weeks to 2 months to find a project.
And yes everyone will be able to propose these projects for the validators.
Q3. The idea of allowing small investors to join forces and invest with LYS is really great, however, charging a commission as high as 10-30 % could indirectly discourage these small investors from investing with you, would you consider reducing this fee in the future?
Ans — The fees don’t depends on the size of your capital so small and big fishes have same conditions, the fees will be chosen by our DAO, so it’s going to be up to them
PS, most projects we talked about did more 50% increase in price covering every fee which could have happened.
Q4. How can investors be convinced that this is not a scam project and they can invest with peace of mind?
Ans — Our contracts are open to the public, everyone can see them.
No one will have access to the funds, only the DAO (democratic vote) has access if we have a problem. Everything is done automatically.
Q5. If really trusting some projects to participate in a pre-sale that were carried out on recognized platforms such as Polkastarter, DuckDAO or MakerDAO are a problem, how then relying on a pre-sale of a strange project on a strange platform like Lys Capital?
Ans — What were your thoughts about Polkastarter when it launched?
Same for DuckDAO and MakerDAO
No one knew those platforms and now they are very big.
Q6. There is a massive adoption and entrance of newbies i.e institutions and individuals utilizing Blockchain technologies and crytocurrencies. Did you take consideration of these factors when designing your user interface to encourage these people to adopt the use of your platform.
Ans — Our User Interface is clearly designed with ease in mind, we’ll unveil it pretty soon.
Q7. Can you talk more about payment and distribution, When will the token be distributed to Presale participants, is it after listing or once the Presale is concluded?
Also, should incase i contribute for a certain project and later i wasn't interested again in that project, will it there be a refund?
Ans — For payment and distribution please refer to page 4 of the lite paper: https://lyscapital.io/static/LitePaper_LYS-01f13178d0980a247e5ece339088c865.pdf
The tokens will be given to the investors as soon as they are received, depending on their vesting.
Refunds are no longer possible 2 hours before the funds are sent to the projects.
But before that it will be possible to refund.
Q8. I understand that 4 people on your team are the ones who will decide which projects will be available in Lys Capital, but why not ask the community for support so that they can give their opinion on each project?
Ans — Community will be able to propose projects, but having a community to vote and negociate on every projects is is time-consuming process
So we accept proposals of projects from the community but we deal with the rest.
Q9. Can you explain further what Royal staking is on LYS platform and how it’s different from normal staking and what are it benefits?
Ans —
- Staking will both reduce your costs if you have an allocation in a project.
- To vote on our DAO
- To have tokens from all private sales without even having participated in the sales! (I invite you to read our litepaper to learn more).
Q10. From your website :With our strength in numbers, Lys Capital brings you into exclusive pre-sales and other private sales, which were previously reserved for a circle of insiders.
Bringing us these insider knowledge isn’t enough as protecting us from investing in scam projects. How do you guarantee security of our investment?
Ans — We do our due diligence, but as we know it in crypto, there is never 0 risk
But we do our maximum to bring the best because we would have more to loose than to gain by proposing scammy projects.
Q11. I understand that they have completed pre-sales of many projects, could you tell us about the results obtained? Really the presales have been completed quickly and without any problem?
Ans — Pre-sales have been dealt with as usual with negotiation and due diligence about the projects, so we never had any bad surprises.
Q12. Only a 5% of your 100 million of $ LYS tokens will be destinated to IDOs but I don’t see any further information public yet, what are the ways to participate on your public sales? Do you have any launchpad on mind?
Ans — The LYS token will have an IDO via an LBP.
We will keep you posted on this very soon.
Q13. Researching many projects in areas such as finance, blockchain, B2B, B2C requires strong management and vast research power. How does your team do this?
In how many different areas do you choose projects that will create revolution? Do you also provide strategies for users who want to invest in innovative projects?
Ans — The B2B and B2C components of Lys capital are dealt with by the core team, we handle it thanks to our long experience
All our strategy is based on innovative projects.
Q14. According to what criteria will you determine the projects to be listed on the Lyscapital platform? How will you distinguish between fraudulent and deceptive projects?
Ans — I invite you to ask the question on our telegram group @Lyscapital, the members of our research team (composed of experts and professionals in the sector) will be happy to answer you.
Q15. What is you strongest advantage that you think will make your team leading the market? and In contrast, what is your weakness? How do you plan to overcome it?
Ans — Our advantage is openness, trustlessness, ease, great projects and great tokenomics
Our weakness is anonymous team.
Q16. What is the difference between Lys Capital and royal investments and what criteria do you consider when analyzing dozens of projects? What principles do you care about when choosing the best projects?
Ans — The quality and allocation (vesting and price) of the project are most important . But I invite you to ask the question on our telegram group @Lyscapital, the members of our research team (composed of experts and professionals in the sector) will be happy to answer you.
Q17. Where did the idea of creating an empire of kings in search of majestic feats to find gold or gems come from? How generous are the kings or the royal family (team) to their people (community) as they look after their needs?
Ans — Kings are here to make everything working but they listen to the community but mostly to the DAO
We found this analogy by thinking about "the future of France" with the Lys flower from the emperors.
Q18. will the team remain anonymous or are there plans to give more info on the experts approving the projects?
Ans — Indeed the team will remain anonymous, but we want to remain 100% transparent with the community, that’s why all our contracts will be trustless.
We will share our contracts with the public very soon.
Regarding the validation team, we can say that we have professionals and experts of the crypto sphere, who will work for you, to find the best deals.
You can check my words via our latest projects and the quality of those that will be offered to the community later.
Q19. You’re saying that anyone can get into the pre-sale. How would you cope if there was an explosion of people wanting to participate?
Ans — We would find bigger allocations for the projects but also creating some sort reservation, were you stake to tokens to reserve your place and if you don’t come you’re slashed else you’re sure of your allocation.
Q20. On their website they say that they have already had several successful projects where their community has participated. How positive has the community response to these investments been after a while? Is the community still as motivated to continue trusting in your project?
Ans — These are the projects that the team has done and we will propose this kind of projects to the community very soon, don’t worry.
Q21. LysCapital will divide the projects proposed in three categories: Blue, Green and Yellow but what’s the protocol to classify them? Who’s in charge of these judgments or how is it done?
Ans — The team will be in charge, we are going to create a presentation for every projects to get a transparent mean for the community to evaluate them, so it will be ease to see how those judgement were done.
Q22. When you release your Source code?
Ans — once our first sale has begun.
Q23. How do you keep the ecosystem going in your project? and what are your plans for future innovations?
Ans — We have a DAO allowing us to evolutive.
Q24. Will the community have any influence or contribution to the progress and development of the Lyscapital project? Projects to list, new products etc. Will you get community opinion in updates like?
Ans — We have influencers in the team
We’ll have a DAO so yes the community will have a voice.
Q25. Will there be a minimum and maximum amount of capital that we can invest in the projects available at Lys Capital? In addition to this, will we have to meet any registration or requirements?
Ans — No registration, no real minimum but maximum will depends on the sale.
Q26. Lys Capital what role do you play within the Defi world for cryptographic users and reach a massive global level for adoption and investment?
Ans — We allow everyone to have access to pre-sales and private sales that are normally reserved for a very few well-informed people.
Q27. Your platform investigates and selects projects in the crypto space that have great potential but what are the basic requirements that a project proposal must have to be presented to its users?
Ans — It must have passed our Due Diligence and our approval.
Q28. will the team remain anonymous or are there plans to give more info on the experts approving the projects?
Ans — We’ll remain anonymous for regulatory reasons.
Q29. You mention that you can "reduce costs" by rethinking LYS, but will this reduction in the price of the tokens really be participating in the same presale? Or will it be an even better price than the pre-sale itself?
Ans — It is fees, stakers will get less fees depending on their amount staked compared to non stakers.
Q30. I notice a phrase on your Web. "Reduce Costs" by Rethinking LYS. So please tell us will this reduction in the price of the tokens really be participating in the same presale? Or will it be an even far better price than the pre-sale itself?
Ans — We will take between 10-30% of the sales. This is to pay the research team and the people who participated in the creation of the site.
Staking the LYS will allow you to reduce your fees to 5% no matter what.
This makes staker les LYS a very interesting operation.
Q31. What role does the native token play within this entire informative and educational environment in terms of potential projects? How are investments handled? It is somewhat confusing, if I want to invest, isn’t it better to go directly with the project as such?
Ans — I invite you to read our lite paper, you have many very very precise questions: https://lyscapital.io/static/LitePaper_LYS-01f13178d0980a247e5ece339088c865.pdf
Here are some important links of LYS Capital👇
🌎 Website: lyscapital.io
📱 Twitter: twitter.com/CapitalLys
📢 Telegram: t.me/lyscapital
📚 LitePaper: https://lyscapital.io/static/LitePaper_LYS-d82c79e1f84ff5829e63b3fa2ddb1c4f.pdf
