Here’s our 134th AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Berry Store October 9, 2021. This guest star,
- Bae Lee — CEO
Introduction
Bae Lee :
Hello, I am Bae lee. I am directing this project. Nowadays, I am really busy for global entry. This project has been longer than 2 years. I am really enjoying to be part of this project😊
QUESTIONS MODERATOR
What is Berry Store project? What triggers you to launch Berry Store? What is the vision and mission?Bae Lee :
We started this project to create a fun donation culture under transparent donation, which is funation (fun+donation). Just donation system itself looked cliché to us. So, we put our heads together to develop the best business model that runs the business and contributes to society. We decided to permeate donation into business.
We were looking for the subject who needs donation. We realized that celebrities and influencers need donations for better images. With blockchain technology, we can ensure transparent donation; stars will build good images eventually. So we mapped a business model: celebrities and influencers as our core participants. We mapped to attract fans as our primary users.
For now, only celebrities and companies can join as sellers in the Berry Store platform. Later on, we would like to invite public as our sellers too. 😊
What are the Berry Store business areas, markets and target audiences?Bae Lee :
Many people believe that our business Is mainly donation. But our business is marketing and entertainment. We are targeting fandom. Our first target country is Asian countries where K-pop is popular.
Could you please give a brief intro of Berry Store salient product? What solutions are offered?Bae Lee :
Berry Store is a donation auction platform using blockchain technology. Celebrities, YouTubers, athletes, and influencers can auction off or sell their items and talents in Berry Store and build good images while fans can purchase their favorite celebrities’ goods or talents easily. Besides, companies can sponsor their goods to Berry Store, and they can also take good image from donation taking place after each transaction. Eventually, celebrities will create a new donation paradigm with their fans. We have several use cases that we made donation with proceeds generated from auction.
For more info, please check out our application.
Here is the link below:
Playstore: https://play.google.com/store/apps/details?id=com.fandomberry.berrystore
Appstore: https://apps.apple.com/KR/app/id1551254250
Please join our community to hear more about Berry Store news!
https://t.me/BERRYSTOREG
Can you tell more about BERRY tokenomics and use-cases?Bae Lee :
Users can participate in mostly all contents of Berry Store with BERRY token. They can participate in the auction of celebrities’ goods, they can buy celebrities’ talents (service), they can exchange Berry with other products such as coupon and gift card, they can apply to raffle to have a chance to get expensive items. After each auction, some of proceeds will be donated and burned (5~20%). This burning policy will appreciate our token price in the future.
We have been working on to diversify the usage of Berry token. Good news for users is that they can get free berry from multiple activities in the app. Basically, they can get chance to apply for goods freely. Berry project also decided to join as node operator of Zero One. User can get 1 node with 4,000,000 Berry. With node, they can mine Zero One token. Other than these usages, we are planning to expand token usage.
What are major milestones Berry Store achieved so far and what are next 100 days plan?Bae Lee :
Number of our application downloads have reached nearly 200,000. Our communities are growing fast. The number of people in our telegram group was about 20k two weeks ago, Now it is over 40k.
Our celebrity pool has been increasing. We started to recruit top celebrities. We had recruited Haha, Super Junior, and Astro.
We are working so hard to list in Big exchanges. In 100 days, we will come up with a great news about listing. So please wait
QUESTIONS TWITTER
I see your roadmap, at Q4 2021 you will Publishing NFT photo/digital card. I just curious can you tell us about who are designer for your BERRYSTORE’s NFT, is it possible outsource designer or your community to contribute by giving their art for your NFT?Bae Lee :
Thank you for your deep interest in our project. Yes, It is on our plan. We are planning to collaborate with exchanges regarding NFT. I love your idea “outsource designer or your community to contribute by giving their art for your NFT”. We will take this in consideration. Thank you for your advise. 😊
BerryStore offers 70% of total revenue for gratuities & donations. Can you provide us with a list of Charities that you expect 70% of the funds to be donated to? How many charities have you donated funds so far?Bae Lee :
You can check charity organizations which had entered partnership with us here: Berry (BERRY) | Profile, Business, Token, Financials | Xangle
We had donated to Manan Welfare Center, one of charity organizations in Korea. You can check details in our whitepaper. We are raising Berry to donate other 5 charities in our platform now.
BERRY uses the “luniverse blockchain” which may be unfamiliar to most users. Will your project be implemented on other blockchains in the future? Will BERRY be listed on the domestic exchange? Is this product only available in Korea?Bae Lee :
We adopted Luniverse blckchain because they have no gas fee for trasactions in the platform. However, we’ve faced some issues that luniverse can barely handle our transactions, We are deeply considered to adopt other blockchain.
For listing matter, once Gopax closed KRW market, our domestic users are not able to purchase our token with KRW. We are rushing to list in those 4 Korean big exchanges to provide KRW market for domestic users. We will make it out.
How can we use the BerryStore4 app while the language service uses the KOREA local language. Does the app contain multiple languages so that it can be used by non-KOREA users?Bae Lee :
We are now supporting English and Korean language. However, we are still working on English language. for application We will fully support English language ASAP. After that, we will move on to support other languages.
There will be 2 currency in Berry Store ecosystem, Berry Points and Berry Crypto — $BERRY. So, what is the difference between of them? Would you like to tell us the roles of each of it in Berry Store ecosystem?Bae Lee :
Berry Point was our alternative just in case we cannot adopt Berry token in the future. However, we no longer use B Point, since users can participate all contents with Berry token in the application.😁
QUESTIONS TELEGRAM
@hoatran1How can I buy tokens from your project? Will Berry Store have a program to sell tokens to users in the near future?
Bae Lee :
we havent done ICO before; We might have ICO in the future. You can buy it from Digifinex exchange now😊
@Tarek141AUDIT play an IMPORTANT role in enhancing the stability of any PROJECT. Do you have AUDIT CERTIFICATES . Or are you working to AUDIT your project to make it more secure and reliable?
Bae Lee :
We already have Audit report. It is necessary to apply for listing. 😊
@Likhon758Only thing that I am concerned about Berry Store project is that
Berry Project Official Twitter handle, Official Telegram Support group, as well as berry store official app has most of contents available in Korean.
What are you going to globalize berry store project
Bae Lee :
Thank you for interests in our application. You are right. We support English language, but only for some parts. We are working on it. We will get back to you
@tranminh1357In your project Berry Store will bring interesting things? when customers use?
Bae Lee :
Yes, we have very good, interesting items in Lucky box category. You can apply to those items with little Berry and get a change to win😊. Please download our application and check interesting goods in lucky box
Here is the link below:
Playstore: https://play.google.com/store/apps/details?id=com.fandomberry.berrystore
Appstore: https://apps.apple.com/KR/app/id1551254250
@KAJA_LAIs now the right time to buy your tokens for long term holding and how do I want to buy Berry Store ‘s tokens?
Bae Lee :
I belive so. We are closely working with big exchanges to list😊
Telegram Chat | Telegram Channel | Twitter | Website | Medium | Blog | App Store | Google Play | Youtube | Instagram
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about Berry Store.
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.
