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On September 28, we had an AMA in Hotbit’s telegram community to celebrate our successful IEO on Hotbit and subsequent listing. The IEO was oversold by over 25X! Here are the questions and answers we have recorded to share with you.
1) Can you briefly explain TokenTuber to us?
TokenTuber is a curated video content platform combined with a token economy that initially targets blockchain novices and crypto traders globally. TokenTuber combines concepts from platforms like YouTube and Steemit with lessons from building cryptocurrencies and their communities. All contributors of the TokenTuber platform can expect to be rewarded fairly for their contributions.
2) Why did you guys start TokenTuber?
We are trying to lower the barriers to entry for novices and create mass adoption for blockchain and cryptocurrency, hoping one day that everyone who has heard about blockchain or bitcoin will have and use cryptocurrency.
3) How does TokenTuber work?
Anyone can upload a blockchain/crypto related video by submitting a Youtube URL on TokenTuber, and anyone can invite the video producers to claim their videos. Each video will have certain value (TUBER) associated with it depending on how many upvotes the video gets, each user can upvote 5 videos a day for the videos they like. The more viral the video is, the more TUBER the video producer will get, and so will those users who upvoted that video.
TokenTuber will collaborate with YouTube instead of competing, and will redirect all these video links back to YouTube. TokenTuber’s token is called TUBER, and will be used to pay out all the platform’s rewards.
4) What can users gain from TokenTuber?
TokenTuber will reward all platform contributors, whether its content creation, content discovery (upvote + investment game to top videos), or content curation (report of inappropriate videos).
Also, users will have access to curated content specifically designed to educate users on all topics in the blockchain and cryptocurrency space.
5) What’s TUBER’s tokenomics and what is the utility of TUBER?
Besides the behavior mining mentioned above that rewards all contributors, we designed a feature called “The Investment Game” where users will need to use TUBER. Users can invest in videos using TUBER to pin the video they like in the TOP category for 24 hours, thus increasing video’s exposure. Users who invest will have a chance to earn TUBER if there are follow-up investors in the same video. This innovative feature is first of its kind and will be released before end of this year.
6) Does TokenTuber have any partnerships that you would like to share?
We currently have 3 strategic partnerships and have announced two of them. One with SoPay, a crypto payments service platform and one with Quarkchain, a blockchain based on sharding technology. You can read about these partnerships and our other announcements here: https://www.tokentuber.com/announcement/
I will also explain a bit later how we partner with exchanges to form an exchange alliance. Stay tuned as we announce further partnerships!
7) Can you share more about your marketing plans going forward?
Our first big campaign will be the Crypto Beginner Quiz, similar to the concept of a driver’s license test. Those who fail the quiz are discouraged from holding crypto assets and we encourage them to learn more on TokenTuber first. We want to challenge users to see if they have what it takes to be an ‘Accredited Crypto Holder’. To make this quiz viral, we have set a 10K USD prize pool for the top 100 people who share the quiz. You can learn more here: https://www.tokentuber.com/quiz. What’s exciting is that we started this exchange alliance concept so the questionnaires can be designed with the top exchanges together. We hope that the traders will have the necessary knowledge before they begin trading.
We will be partnering with major Crypto Youtube KOLs as well, also big media is coming. Stay tuned.
8) Can you tell us more about TokenTuber’s roadmap?
You can see the image below of our upcoming roadmap and major milestones.
9) Have you planned to hold a meeting in Russia recently?
Currently we are busy working with online KOL’s and haven’t yet done anything offline yet, but we do welcome anyone who has offline resources to join our global ambassador partnership program.
10) How many users do you currently have? Did the community know you a lot?
We currently just started the marketing effort this month because our beta product was launched earlier this month, but we believe the user base will ramp up quite quickly due to our first viral marketing campaign of crypto beginner quiz.
11) As I know Contentos is also a content reward platform and listed on Binance already. So, do you think they will be a big competitor of TokenTuber? How is your project out standing compared to it or other projects which has same functions like this?
It appears to me that Contentos is competing with Steemit, not us, because our mission and vision are different. We are purely focused on delivering blockchain and crypto content to lower the barriers to entry for novices, see my AMA response for Question 2 regarding mission and vision and why we started TokenTuber.
12) What are the biggest challenges you expect to face and how do you plan to overcome these challenges?
Biggest challenge is fake accounts and bots that come and claim our giveaways/tokens, and we are designing over 10 ways to block them.
13) Your tagline is “TokenTuber — Your gateway to the crypto world.” Will this prevent you from focusing solely on Crypto — a market with too few people interested in stocks or forex?
Currently, the crypto market has very limited users, around 50 million crypto holders globally, what we are trying to accomplish is to tap into the mass market of 5 billion+ potential crypto holders whom have already heard about the blockchain/bitcoin buzz word, yet they are finding themselves with high barriers to entry or many doubts. So the educational component is a must to help these potential users to join into the crypto world, and we hope to be the first portal to help them accomplish this step.
14) With YouTube being so popular nowadays, can you develop it according to your own roadmap or merge?
Yes, Youtube is currently the most popular video education portal for the crypto world, but it’s not optimized for the crypto audience. Let’s say you search for EOS, and you will get results of a Canon eos camera. I think TokenTuber and Youtube can co-exist but we will have more curated videos with a better tag system for the crypto world, where Youtube will be a complete database of all videos, so users shall find our platform to be more efficient and effective to learn about crypto
15) Why did you choose Hotbit for IEO?
We chose Hotbit for a reason, I am also an investor myself, when I put on my investment hat and spoke with different exchange’s founders and management teams, I found that Hotbit is the next potential dark horse. They are very low profile yet their trading volume stats are already in top 20 on Coingecko after removing all the wash trading volumes. Also many of my friends in the crypto space recommended Hotbit and I personally met with the CEO of Hotbit and we enjoyed our chats. There are multiple reasons and we ended up picking Hotbit as our first exchange to partner with out of 5 exchanges that I am personally well connected with.
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