BlockTalks x Waggle Network AMA Transcript!
We recently hosted an AMA with Waggle Network, on September 12th at 1.00 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 Jake, Project Lead at Waggle Network. 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 introduce a little bit about yourself and some of the high-light update of Flow recently?
Ans — Hey guys I’m Jake, project lead of Waggle Network!
Staking 3.0 — Revolutionizing Staking
Waggle.network is a Multi-Chain Marketplace Protocol for Locked Tokens. We are empowering retail investors to have exposure to primary market investments of their favourite project. — Post IDO Projects
Waggle creates liquidity for project founders by facilitating the sales of vesting reserve tokens to retail investors on our Waggle Market. The Waggle Community will be able to participate in exclusive token sales, buying vesting tokens at a discount to market price.
Currently being built on BSC,ERC20 and Solana we are looking to expand to multiple layer 1 chains such as Ziliqa, Harmony,Enjin and Avalanche.
Q2. What are the advantages of Waggle Network to other alternatives in the Blockchain field?
Ans — In Waggle we empower retail investors like the Blocktalk’s community to have a chance to have vested tokens for your favourite project that is current trading!
For example, Solanium.io, the top launchpad in the Solana ecosystem, we work directly with the project team reserve tokens to come up with a vesting schedule priced at a discount to spot price.
Primary investments has been a rather opaque scene for the community and Waggle is the platform to empower strong loyal fans of project community and reward them with primary market exposure!
We are currently built on ERC20, BSC and Solana. Waggle aims to expand to all the top tier layer 1's!
Q3. What are the major milestones Waggle Network achieved so far & what are in the future pipeline?
Ans — On Waggle we have our Waggle Marketplace, Waggle Dashboard and Seller’s Portal.
In our waggle dashboard — which is live, you can input your ERC20 and BSC address (Adding Solana soon) and it will show all your secondary market holdings!
We have completed our fundraising with 3x oversubscribed, partnering with major regional marketers and medias.
We have also announced our IDO on Solanium! Date will be shared soon!
Upcoming pipeline will be even more interesting — we have 6 projects that we are speaking to be onboarded on waggle — all 6 are top famous projects!
Questions Asked on Twitter For Waggle Network Team!
Q1. I understand that project teams joining Waggle to offer their post-IDO token sales will have to go through a strict KYC. But will they penalize any type of carpet pulling that may occur after this or is it the complete responsibility of the community or the team?
Ans — Thanks for the question! For every project that is on Waggle we ensure KYC and SAFT. Token vesting and smart contract we work directly with the project teams. To us we take huge pride in bringing in top tier projects and we have a strict due diligence process — that we want to involve the community in our governance system in the future!
Q2. When I try to launch the app, it directs me to the Waggle Market. However, I could not connect my wallet to Waggle. I clicked on “Connect Wallet”, but it did not work. Therefore, I cannot access your market. What can be the issue? Is there any other method to connect my wallet?
Ans — Right now for Waggle Markets — we are planning to launch our first project! So keep your eyes peeled for that!
What you can try to explore is our Waggle Dashboard function
https://app.waggle.network/dashboard
Q3. I saw, there are four kind of bees called Mini Bee, Worker Bee, Drone Bee & Queen Bee in Waggle Website. What are these bees? Are they directly functional to the Staking $WAG protocal? How will Users able to use these Bees to Get more Profit in the form of $WAG in Waggle network?
Ans — These bees are different tiers in Waggle!
For the amount of Wag tokens staked you’ll be allowed to participate in X amount of the post IDO projects!
We are also partnering up with projects to have Airdrop for our Waggle stakers! In addition airdrops of WAG tokens from fees as well!
Q4. I read that you support the improvement of projects. How does Waggle Network support the success of projects, their improvement and their access to liquidity?
Ans — We work with project team’s in their reserve tokens that is selling at a premium of IDO price and discount at listed price!
But what is the strongest support is they we empower their and Waggle community to be long term holders of their tokens! Having stronger community support is vital for all success of projects!
All use of funds from project teams are also made transparent to the community as well!
We prioritise transparency and security
Q5. Can you explain what Waggle Network’s strict due diligence procedure is? How do you curate retail investors to purchase previously inaccessible tokens?
Ans —
These are the 9 factors we take in place for our Due D process. For us we only want to bring the coolest projects to our community!
Questions Asked by our BlockTalks Community Members during live Session to Waggle Network Team!!
Q1. You intend to launch Waggle Network on BSC, Ethereum & Solana in Q4–2021. Can you give a brief clarification on this topic? Will the $WAG tokens be available to trade on Multiple exchanges like Uniswap, Binance exchange after you integrate Cross chain interoperability?
Ans — For tokens we are launching on Solana at the moment! but for Waggle we’re multichain meaning we facilitate projects from different chains! eg. projects from ERC20 and BSC as well. Native chain for waggle is Solana!
Q2. Will retail investors get the opportunity to participate in primary market investments? Why the name Waggle?
Ans — Waggle is the movement of the bee! Essentially from flower to flower they Waggle. Which is what we’re doing from project team to community — enabling community to have primary investments!
Q3. Since the community is the core foundation of the Waggle project I would like to know how its governance system will work and what relationship does the native token have within it? How does the listing committee relate to the governance of the project?
Ans — For now we have our due diligence team to qualify projects on Waggle given the 9 step process which will be made transparent to the community! In the future, we want our community to get to vote for the projects to be on Waggle
Q4. I read you will be partnering with a project to have an Airdrop for Waggle stakeholders. When exactly will this be done?
Ans — So we’re speaking to a few projects that we are partnering up after IDO — WAG Stakers will be able to receive the partnered projects airdrop tokens!
But in the mean time we have recently luanched our Airdrop campaign which you guys can participate
Q5. I’ve read that Waggle Network cares about working on Layer 1 chains. What is the advantage of your expansion plan to multiple tier 1 chains such as Heco, Harmony, Enjin, and Avalanche? I’ve read that those who stake with $WAG will unlock opportunities apart from additional returns and place them in 4 different tiers on the Waggle Market. What are the advantages of the 4 different layers?
Ans — The primary difference is the amount of investments you can make in the project listed on Waggle. Also we’re implementing many interesting utilities for our stakers! More details will be shared soon!
Q6. Staking programme is very important for any project,Can I stake your token?Do you have any plan of starting staking programme share ?
Ans — we’ll be starting our staking programme post IDO! Following which announcing projects that will be on Waggle
(Hint: We have projects from ERC20, BSC and Solana chain)
