Launchpool AMA Recap — Hinata
Welcome back to Launchpool’s AMA sessions!
This week, we were pleased to haveJonathan, Co-Founder of Hinata, join us for an AMA session to discuss Hinata, anime culture, and what they hope to achieve in the crypto space.
Guest: Jonathan (Co-Founder of Hinata)
Date: February 8, 2021
Host: Strong Spiderman
Location: Launchpool Community Channel
Q: Please would you give our Community a quick reminder of Hinata project.
A: Hinata is building an anime NFT marketplace, a metaverse presence in DCL and Sandbox along with several collections of original NFTs. There is also a token that is a large part of our ecosystem, including the DAO which includes a treasury and some community-oriented whitelisting decisions for certain projects and artists to be listed on our exchange
Q: Could you tell us about some of the developments since your raise with us?
A: As many know, the market took a huge hit and liquidity dried up pretty fast. We had to make the hard decision to delay the token launch. The best play for everyone was to get the hinata.io marketplace out and get people using it first instead. Our platform is much closer to launching now and we think it will help drive the value for everyone when they can use the product first.
The last round we did was our IDO for the public, and these are typically the most sensitive investors in terms of lockup time. The Zendit platform approached us inquiring about doing a refund for their users. Naturally we don’t want to take anybody’s money, if they are simply looking for a quick flip, so we obliged.
Q: How are you tracking against your roadmap? Could you please talk us through the next steps.
A: Although we pushed the token launch back, our goal of getting an alpha marketplace for NFTs launched this quarter, is still happening! We always expected it would be some time in Q1.
There are also a bunch of items that have been added; such as several in-house NFT collections. The first one should be ready early next month! Everybody who is a Launchpool private sale participant will have whitelist access to mint.
Q: What are the potential barriers to the project hitting its roadmap targets in 2022 and how are you preparing for these challenges?
A: Regulation is always the biggest barrier to roadmap targets. However, we see that the NFT space is much less at risk than DeFi. There are no significant barriers for us hitting roadmap targets quite frankly. We’ve raised the money we needed to get started, and will have additional sources of revenue in the near future.
Q: What marketing plans do you have in store for 2022?
A: Our focus will first be on Twitter, making sure we have quality engagement with known, trustworthy accounts. Many folks support what we are building and we expect a lot of attention on our product once it launches in the coming weeks. It helps that our founding team has a large network, and we are known individuals on crypto twitter with many connections.
Eventually we will branch out to other platforms such as Reddit, Instagram, and even some physical advertising in major cities if we can build enough of a treasury.
Q: Can you talk us through the longer term vision for the project’s token, how it interacts with the industry and what are the uses within its own ecosystem?
A: The token is meant to be a method for payment, user rewards, and the only method for earning our governance token. Hinata can be staked in order to join our DAO, which has a number of benefits for users of all sizes — including lower gas fees on our platform and reduced transaction costs. Building a liquidity pool on UNI-V2 is crucial to our success, and we will be launching LP farming programs shortly after the token is out to ensure there is a healthy amount of ETH to trade against for investors and community members.
Q: Do you have any upcoming news or partnerships you would like to share?
A: Yes, we are currently working towards some licensing deals for official rights to create NFTs for known characters. Aside from that the Hinata team will be working alongside a number of important anime projects in the space such as @AnimeMetaverse_, @Ririsu, @ShonenJunk and a few ones we cant name yet.
One of our unique propositions is we can work with every other anime NFT project and be able to offer them something that benefits us both. As a marketplace, we can add a lot of value for these partners.
Q: Where can we join your community to stay updated?
Q: How many tokens will be unlocked on TGE?
A: Launchpool private sale wallets have 10% of their full balance available on day one.
Q: Are you planning on going into the metaverse in the future?
A: We already are!
Q: What unique features does your project have that differentiates it from your competitors.
A: For now we are the only project focused on anime NFTs of all types, and we are quite unique in that aspect. I suppose as a marketplace our closest competitor is foundation.app, and we are offering much lower fees for artist. They charge 15%, we charge 1%!
Q: How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?
A: We have over 15 people working on our project full time. The majority of us have a few years of experience in blockchain.
From developers to designers to marketers, everybody we are working with is a proven professional.
Q: When you mentioned about your marketing plan you didn’t say anything about YouTube Ads at crypto channels. What are your plans about Ads on YouTube and what do you think of covering Russian speaking countries with Ads?
A: This is a good question. YouTube ads are tricky, and I’m not aware of any campaigns we have planned for that. But we are certainly open to it. We are also working on some concepts for our own youtube channel.
Q: The idea of project is really unique and incredible, how did this idea come about? Who gave you the idea of this project or was it your own idea? Please share us hurdles you faced during your journey towards this great project.
A: It actually started with nft.waifutoken.io about a year and a half ago! The toughest part has been building the platform of course. Lots of work goes into it. Tons of decisions when it comes to creating an actual marketplace and not just a single NFT collection.
Q: Southeast Asia is a very vibrant market and there are many new platforms under development. So what do you think about Southeast Asia and do you have plans to grow there?
A: Yes, we have some good ambassadors that will help us get more exposure in Korea, Vietnam, Thailand and elsewhere.
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