On February 26, 2022, the FANTASY team conducted a successful Telegram AMA on our channel.
AMA structure and rules:
👉 Ask us questions related to FANTASY’s Products and upcoming plans.
-> You can read here to learn the basics about us: https://ftsy-blockchain.medium.com/
👉 Communication part (questions collected on google form before)
After that, the conversation will begin; if you still have any questions, feel free to ask us. The Moderator team will do their best to assist you. (Note: only questions taken from google forms are eligible for rewards).
RECAP TOP QUESTIONS AND ANSWERS:
AMA in detail:
Lam Nguyen: Hello everyone, welcome to our AMA.
In today’s AMA, you will learn about FANTASY products, plans, and milestones, and I’m pretty sure that’s what real investors are looking for.
Peter Van: Hi, after the airdrop, I know that you guys have any questions for us. So today, we will try to answer all your questions!
Lam Nguyen: What is the FANTASY project doing? What is the content? What areas have been built so far?
Peter Van: The FANTASY token project has a representative token, FTSY. Currently, FANTASY has built an ecosystem system and has applications in the Korean market (Ttutta market) Vietnam (Floating market). You can find it on the App Store and Google Play. In February, FTSY launched the FANTASY Market application in the US market. Currently, FANTASY offers a lot of features. The essential component is to allow users to transact directly with FTSY tokens.
Lam Nguyen: Blockchain must be associated with tokens; users want to know the project’s tokenomic and roadmap?
Peter Van: Regarding tokenomic, FANTASY has six categories in tokenomic. First, this part is quite large at 40% in terms of marketing and ecosystem. Currently, FANTASY is running this project long-term within 9–10 years. About operation and development. The part of system maintenance and development-related things accounts for about 15 percent. The sales part accounts for only a tiny amount, the team member part is about 15%, and the Partner part is about 13%. And all are currently locked. Team Members are also spread over ten years and simultaneously split by about 9–10 percent each year. Because of the trust in the project, the system keeps most of the tokens.
Regarding the roadmap, in 2021, FANTASY has achieved two great successes: NFT in Korea is well received by many people, and currently, NFT in Ha has nearly 100,000 members.
They were followed by NFT Cho Floating in Vietnam. Although it just started marketing at the beginning of 2022, many people are interested in and sharing their products. Currently, the market in Vietnam also has over 100,000 registered members.
Currently, FANTASY is available on Iron Bank, promising to be available on many other exchanges in 2022. FANTASY held a minigame on the Tet holiday in 2022 in Vietnam and Korea. These events are well received.
This year, FANTASY has a lot of plans. The first is to connect with many exchanges so that the FTSY token can reach more people. The second is to complete the NFT in the US, and this NFT continues to implement the features that have been implemented in Korea and Vietnam.
Next up is the implementation of two more big features in Korea. The first is a booking that allows you to rent rooms with tokens. The second is webtoon; users have to rent or buy comics on web tokens.
What holders are interested in is staking; FANTASY is also planning to deploy in the first quarter of 2022. FANTASY will expand with many more features in the second quarter, such as lottery and defined floor, and then data management features in Korea.
Currently, FANTASY has a lot of plans coming up!
Lam Nguyen: Currently, what plan does FTSY have to develop its community?
Peter Van: FANTASY has just focused on marketing and developing its community since 2022. Currently, FTSY’s Twitter channel has 34,000 followers, the telegram group has 142,000 members, and a small Korean group has 700 members. All members are very active. FTSE medium and discord pages have also been created.
Lam Nguyen: Did FTSY have any problems during development, and how did FTSY overcome them?
Peter Van: All of these projects have a common problem: making the community trust the project and accompany the project in the long run. FANTASY wants to strive to gain customers’ trust based on focusing on the quality of the product. This is why FANTASY has almost perfected all products, followed by marketing implementation. Unlike other projects, before they opened beta, they started advertising and trading on their token exchange. Doing so will bring a lot of risks when investing. So FANTASY wants to focus on making the product valuable instead of just selling it in the market. Thanks to this motto, customers can feel the quality of FANTASY products when we conduct marketing.
Second, FANTASY has a lot of missions that allow users to play and get tokens. Old users of markets in Korea or Vietnam are mostly the first to contact blockchain, so they are pretty curious about the value of tokens. Many holders sold tokens initially, leading to an imbalance of supply and demand that caused the token price to drop slightly. However, this problem will quickly be solved by starting the stacking feature and creating more products for users to choose from.
Lam Nguyen: The next question is, Currently, in the 4.0 technology industry, especially in the crypto world, there is a lot of news about scams hackers attacking the system. So what actions are FTSY taking to enhance the security of techniques, as well as on wallets and exchanges?
Peter Van: On the technical side, it can be said simply FTSY provides electronic wallets that allow you to store tokens obtained after completing the task. That wallet management server can only connect and exchange information with servers in the same system. The entire system of FTSY is on AWS’s network and has strict management between the two to create local networks, not allowing 3rd party access.
The current FTSY token has many cases of wallet hacking. Therefore, FANTASY has partnered with a third party to create the smart contract. This helps store tokens that need to be unlocked over time and only be used when the time is right.
Lam Nguyen: Does FTSY consider responding to community requests to expand new ideas for its projects during product creation? Many projects fail because they do not understand the audience and goals of the customer. So, who is the ideal user for FTSY’s product?
Peter Van: FTSY listens to its users. When starting to implement the ChoNoi market, the number of people who knew about it was limited because there was no marketing. FTSY talked to these early users and learned about the activities of scammers in the market. Since then, FTSY has overcome in many ways to prevent.
Recently, fTSY has updated the iKYC feature to prevent scammers. FTSY attaches great importance to users’ opinions on channels such as telegram, Google Play, and App store. If the idea is excellent and appropriate, FTSY is ready to apply it.
Lam Nguyen: Why is the project named FANTASY, and where does this name come from?
Peter Van: The meaning of FANTASY is to want the project to bring users a lot of joy and surprise when using it. FANTASY wants to get great experience to users, even those who have never been exposed to crypto and blockchain.
Lam Nguyen: What benefits do users have when holding FTSY tokens? What are the token use cases? What is the incentive to keep the token for the long term?
Peter Van: The benefits of holding FTSY tokens are many. If you are a user in Vietnam who owns a token, you can buy products in Korea and the US with that token. That is, the FTSY token has value and liquidity. It allows you to trade in many parts of the world.
Second, FTSY’s service has staking features and many other services that we cannot announce at this time. Let’s wait and see. FANTASY will not let you down.
Lam Nguyen: Can FANTASY list a few salient features that set it apart from the competition that other projects have? What is the most outstanding quality in the FANTASY project?
Peter Van: Ok, the first FANTASY project built on Clayton’s network is high-speed. Clayton’s speed allows transactions to be processed quickly, avoiding the inconvenience of waiting.
Currently, FTSY has more than 45 people on the team. These are all excellent people and have experience in blockchain. Therefore, FANTASY is always motivated to develop. The most sure thing about the project is the professional team.
Lam Nguyen: Does FANTASY have any plans to increase token value and attract investors to participate?
Peter Van: The FTSY token has a limit of about 4 billion, and there is no intention to change the amount at the moment. Therefore, over time, the value of this token will increase.
Lam Nguyen: Auditing is essential for trustworthiness and security. So has FANTASY conducted an audit of the smart contract?
Peter Van: FANTASY has audited and publicized the pages. Users can rest assured. We guarantee that a reputable third party will verify the token management.
Lam Nguyen: Nowadays, users are increasingly concerned about privacy issues when there are many user data leaks in the world. So how does FTSY solve this problem?
Peter Van: Personal information of users on FANTASY is currently managed by AWS. They use ADS to encrypt all the personal data of the user. Second, the server stores FANTASY’s wallet with information about wallet transactions. No personal data of the user related to the wallet is saved. Users can rest assured.
Lam Nguyen: FANTASY has too many advantages. So what are the shortcomings that still exist and need to be improved in the future?
Peter Van: FANTASY’s orientation is to operate globally in commodity exchange. However, managing all global trades is quite tricky. Therefore, FANTASY had to work on a regional basis. This is quite inconvenient for users. This FANTASY is also trying to improve.
Secondly, there are very few exchanges with FANTASY, only LBank. Therefore, the team is in contact to open more conversations, making it easier for users to access the FTSY token.
Lam Nguyen: What were your most significant achievements in the last month, and what are you doing now? What does FANTASY want to convey through AMA today?
Peter Van: Last month, FANTASY successfully launched a mini-game. This mini-game has been actively participated in and responded to by many people. Besides, the Chonoi market in Vietnam has many downloads and account registrations. The main thoughts I want to convey today are the roadmap content to do investment research and accompany FANTASY.
Lam Nguyen: Is this a project only for big investors? Others with small capital, is FANTASY suitable?
Peter Van: Actually, just using FANTASY’s markets is an investment. You can profit from the tasks FANTASY implements. There are many investment forms, such as buying tokens investing in projects. If you want to invest, you can contact us by email to discuss.
Lam Nguyen: Who is the partner of the project? Policies to attract investors?
Peter Van: Partner of FANTASY is now mainly from Korea. Most investment companies are not open because FANTASY is not publicly available. What is attractive to investors is that the FANTASY project will be long-term, and investors will be able to buy tokens at a better price than the public sale. FANTASY is also about to launch a new NFT sale. This NFT helps to share the upcoming lottery project profits.
Lam Nguyen: The market is correcting firmly, and there is a lot of news about crypto winter. What plans does FANTASY have in the face of these market problems?
Peter Van: FANTASY invests in project value instead of following the market. Despite still being affected by the market, FANTASY will still work to believe in the future of crypto.
Lam Nguyen: Metaverse and NFT are trending in the market. What plans does FANTASY have for this trend?
Peter Van: FANTASY has launched an NFT token named FTSY. You can buy and sell this NFT on exchanges where FTSY is present.
Shortly, FANTASY has a project to sell NFTs in the form of images in the style of auctioning exchanges.
Lam Nguyen: Southeast Asia is a very dynamic market, and there are many new platforms under development. So what does the project think about Southeast Asia, and what are its plans to develop in Southeast Asia?
Peter Van: FANTASY is very interested in the Southeast Asian market. However, the current P2P market is developing in major countries like the US, Japan, and Europe. Therefore, FANTASY planned to build P2P on these growing markets. Because the Southeast Asian market uses its language, not English, it is limited in development here.
Lam Nguyen: Can users who want to buy FTSY tokens buy international tokens?
Peter Van: You can buy tokens at LBank exchanges. In the future, FTSY will open more exchanges for users to trade.
Lam Nguyen: For each transaction on FANTASY, do users get profit?
Peter Van: You just need to create a product to receive a specific token from FANTASY. Every day FANTASY will have certain tasks for users to receive tokens from the project. Currently, FANTASY’s markets have a lot of functions for users to participate in.
Lam Nguyen: Is Fantasy currently sticking to the roadmap? Can FANTASY reveal more about the project in 2022?
Peter Van: FANTASY is sticking to the proposed roadmap. Currently, FANTASY has an interesting lottery project; you can follow the details in the following published articles.