Here’s our 101th AMA recap!

Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with HUP.LIFE July 6, 2021. This guest star,

  • Harrison Jordan — Founder and CEO

INTRODUCTION

Conston Taylor :
My name is Conston Taylor

I am Doxxed as is 100% of our team

I spent 15 years working for large corporations, such as United Technologies, Lear and General Motors in the areas of Finance and Marketing

I got into the cyrpto space in 2016 when I helped a customer research how to raise funds for a new ICO that they wanted to launch to help disabled veterans.

Since then I have worked on such projects as Celsius Network and Bittrex Global

I joined HUP.LIFE as the head of Growth & Blockchain Strategy when there was just 18 people in their telegram group

We launched on June 15th and have over 11k active members in our telegram group @hupdotlife

QUESTIONS MODERATOR

Could you give us a simple description of the HUP.LIFE? And what is the vision and mission?

Conston Taylor :
HUP.LIFE’s vision and mission is to create an NFT marketplace which enables socially conscious artists to and collectors to authenticate their artwork, find copycats across the web, and buy, sell, and license their artwork through its copyright — while complying with international copyright and securities law

How does HUP.LIFE solves the NFT permanence problem and hosts metadata?

Conston Taylor :
HUP.LIFE recently formed a partnership with ETHO which hosts Metadata and Image/Video Files Through a Decentralized, Resilient File Hosting Protocol.

Would you care explain how $HUP tokens play a role in the HUP.LIFE ecosystem? What are the benefits offered to $HUP holders?

Conston Taylor :
The tokens will be used to facilitate transactions on the HUP.MARKET NFT platform that is scheduled to launch in December

$HUP Token holders will be able to purchase NFTs using the token, and the token will also be used to pay for transaction fees on the platform.

In addition, $HUP Token holders will be able to earn bonus tokens just by holding the tokens in their wallet. This is our In-Wallet Staking Feature.

Security is the main thing that is very concerned by everyone. What actions does the HUP.LIFE take to maximize its security? Has HUP.LIFE been audited?

Conston Taylor :
Security and compliance is at the very top of our list of priorities.

We are proud to say that we successfully passed two audits by Certik & HAECHI

This can be found on our website 👉🏼 https://www.hup.life/audits

What can we expect from HUP.LIFE in the near future, are there any new events, products/features or partnerships to come? And what are the planned for the future?

Conston Taylor :
Also for CERTIK your members may confirm this directly on their website 👉🏼 https://www.certik.org/projects/huplife

HUP.LIFE has some very exciting things ahead of it. But before i mention the future I would like to point out some key milestones and achievements that we have accomplished in the last 60 days.

We were recently featured in Techcrunch https://techcrunch.com/2021/06/16/no-nfts-arent-copyrights/

This was a huge deal for us because its very hard to get coverage in tech crunch.

We were also endorsed by Steve Wozniak co-founder of Apple.

We also received coverage in Entrepreneur.com https://www.entrepreneur.com/article/373512

We are also gaining major traction on platforms such as reddit where we were featured on cryptomoonshots.

So now…

Let’s talk about future plans 😄

The HUP.LIFE team are in this for the long haul

Our immediate focus is on the successful launch of our NFT marketplace which is being constructed by our Dev team under the leadership of Donna our CTO.

That December launch will mark a major milestone for us.

In addition, we are working on developing farming and staking solutions for our $HUP Token holder who are interested in expanding their yield earning potential.

We are also exploring strategic partnerships that will help take HUP.LIFE to the next level.

QUESTIONS TWITTER

I noticed that even if HUPLIFE helps genuine artists to find copycats across the web, what ensures they’ll have justice for the content or artwork copied by other people? How can they retrieve the originality the work they have created?

Conston Taylor :
Great question

First, it starts with the artist.

and the selection of the artist

Most platforms allow any artist to join and sell their artwork.

HUP.MARKET is different. We select (along with the community) which artists have the opportunity to join jour platform.

Next, the artwork must be original.

No duplicates, copies are excepted or allowed.

Before we publish the artwork we perform a search of the entire web to make sure that there are no other copies in existence.

So…

Once we have this in place. We know that if later there is a replication of our artist’s artwork, then we will support them in defending their copyright claim.

You said that HUP guarantees Anti-Whale Dumping Mechanisms, how can you guarantee that most holders not sell tokens simultaneously which results in drastic price dumps? is there a certain contract on your token or on LP?

Conston Taylor :
Very simple, Wallets that reach a threshold of 0.25% of total supply (minus tokens auto-burned) can only sell their holdings after 24hrs

… then they can sell (only) up to 10% per day until under the threshold.

There is also an interesting ant-whale dumping feature that I discovered as I was transferring some of my own personal tokens.

That is that it only allows you to sell once per day.

So it really focuses on HODLERs of the token and not people trying to scalp our token.

Seems HUPLIFE’s NFT marketplaces take a different approach compared to markets like Opensea — what’s the reason, and why do you think separate marketplaces for separate audiences and creators ?

Conston Taylor :
Ok great, also before I answer the next question.

I would like to give a big shout out to one of our key community members Crypto Boy who brought up a good point.

That is our HUP Launchpad that is planned for April 2022.

Thanks dude that! 🙌🏼🙌🏼💪🏼💪🏼

Great question

I personally look at open sea and compare it to ebay. Its a great platform that anyone can sell their goods. Our marketplace is more exclusive as we choose the artists that are able to sell their artwork on our platform.

What plans do you have to grow rapidly in terms of users, global market and partners? What are your strategies in building a big and strong community?

Conston Taylor :
This is a great question. I have started a zoom meeting so I will have to end the AMA soon. But I did answer this question earlier in the segment.

Can an artist create and sell another NFT relating to the same artwork on another NFT implementation on the same blockchain or on another blockchain?

Conston Taylor :
Another good question. An artist create artwork and sell it on another platform, however it would be different from any artwork that they would display on our platform. Because again, any artwork on HUP.MARKET has to be an exclusive one of a kind piece.

QUESTIONS TELEGRAM

@jack8955Transparency is important. how did the #HupLife project manage to provide transparency to gain user trust? then have you done an external audit?

Conston Taylor :
Yes as we stated we are have successfully passed 👆🏼please look up for the details.

@masud297“STAKING” is one of the STRATEGIES to ATTRACT USERS and HOLD USERS
Does your GREAT PLATFORM have plan about Staking?

Conston Taylor :
Yes we currently have in wallet staking. It’s all set and ready to go. If you buy you can see your $HUP increasing by the hour.

@millu021Revenue is an important aspect for all projects to survive and maintain the project / company. What is the way to generate profit / revenue of token? What is the income model?

Conston Taylor :
Transaction fees on the platform.

@tranminh1357Can you list 1–3 great features of HUP.LIFE that set it ahead of its competitors? What competitive advantage does your platform have that you feel most confident in?

Conston Taylor :
A copyright that projects the the NFT at the digital and the smart contract level. All others only protect only at the smart contract level.

@maintaincemanDo you have any plans for token unlocks in near future? What’s the total supply?

Conston Taylor :
Total supply is 425 Trillion, team tokens are locked up for 6 months.

Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about HUP.LIFE.

Join our Telegram Group and you can talk directly with other Communities and enjoy some of the events that we created. We are always here to support.

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