Here’s our 41th AMA recap!

10 min readFeb 8, 2021

Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Token Republic on February 8, 2021. This guest star,

1.Patrick Howard — CEO and Founder
2.Jack Kettley — Frontend Developer
3.Ashit Rathore — Backend Developer

Introduction

Patrick (https://tokenrepublic.io/) Howard,
I will start, I have been in the tech space for over 17 years now have been involved in the blockchain when BTC was $4.00 a coin, that is a few years ago :)

Patrick (https://tokenrepublic.io/) Howard,
And you can read a bit more about me here https://tokenrepublic.io/about-us/

Jack Kettley,
I’m a developer for the Token Republic, I have an strong interest in the potential future applications of blockchain and other forthcoming industries and an undergraduate student at the University of Auckland.

Q1. Can you provide a simple description of Token Republic? What motivated you to build the Token Republic?

Patrick (https://tokenrepublic.io/) Howard,
Sure, The Token Republic is wanting to provide a comprehensive DeFI platform on a global scale, currently offering an efficient crowdfunding platform for entrepreneurs and developers to build their business with fewer intermediaries.Our Global team of business and technology experts are committed to blockchain, decentralisation and community-building. The Token Republic team is backed by some of the industry pioneers in both blockchain and traditional web software development. We are backed by The Web Company NZ Limited, award winning since 2004.

Q2. What are the advantages of Token Republic? And what is different about Crowdfunding with Token Republic?

Q3. What are the Business Objectives, Market and Target audience of Token Republic?

Patrick (https://tokenrepublic.io/) Howard,
The business objectives is to provide an accessible platform for start-ups, businesses and entrepreneurs to issue tokens and launch their crowdfunding with ease and efficiency. The Token Republic Dashboard has unique features such as:
“initial seed phase” , this allows businesses and entrepreneurs to be on the platform with limited funds to gauge interest in their project from the public. It is essentially a “test drive” model before hitting the race track.
We also cater for DIY (Do it Yourself), DWY (Done with You) — for those that need some assistance and DFY ( Done For You) — for those that need full assistance from our expert partners.

The market — As of January 2021, approximately $20.5 billion was invested in DeFi. The prediction is this will double in the next 24 months.

The market place is Global. The regions enabled now are:
Oceania
Asia
North America and Asia.

Other regions will be rolled out in 2021

The target Audience for users for Q1 and Q2 is any businesses or entrepreneurs wanting to crowdfund. In Q3 we will bring in NFT capabilities (first on ERC721 and then on NRC72) to allow the funding of tangible assets such as real estate and art etc.

Q4. About the TRG token, can you explain about tokenomics and the real use of the TRG token in the Token Republic ecosystem? And where will be allocated?

Jack Kettley,
Our token republic token is currently used on the NULS POCM (Proof of credit mining) staked coin output, we have recently launched on Goblin swap a decentralized exchange platform, which includes AMM (Automated Market Maker). We are working closely alongside the Nerve Network team who are currently exploring liquidity pools on their NereDEX exchange, we also hope to list on other exchanges and build our liquidity as the project matures. We are also planning on building systems to integrate TRG into our Token Republic Platform in the near future.
For a more detailed overview of our current token allocation you can visit: tokenrepublic.io

Patrick (https://tokenrepublic.io/) Howard,
The TRG project link on NULS — https://pocm.nuls.io/pocm/Projects/ProjectsInfo?releaseId=56

Q5. Can you tell about Token Republic roadmap for the present and the future? How far has Token Republic been developed?

Patrick (https://tokenrepublic.io/) Howard,
Immediate Goals:
- Launching active Crowdsale campaigns on the Token Republic platform.
- Launching ERC-721 NFT standard on the Token Republic dashboard before March 2021.
- Generating liquidity and building a market for our TRG token.
Long-term 6 month goals:
- Adding ICO marketing solutions to help entrepreneurs develop a successful crowdsale campaign, this will include services such as tokenomics consultancy, whitepaper and landing page design.
- Migrating our smart contracts to the NULS smart-chain.

TWITTER QUESTIONS

Q1. if one of the project collaborating with Token Republic commits fraud/rug and of course, it will also impact token Republic. Will token republic provide compensation to the comunity? Or is their insurance for the comunity if this happens?

From @semogaberkahXD

Jack Kettley,
Our Dashboard of onboarding, DIY, they do it all themselves, DWY, we do it with them, DFY, Done for you, we get specialists in the relevant company jurisdiction to advise the client. So essentially, dependent on what Jurisdiction the project is in will determine the relevant.
We have resource in place to advise, dependent on what jurisdiction the project founding company is in.

Q2. Can you list killer features of Token Republic that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about ?

From @Prettyboy071

Patrick (https://tokenrepublic.io/) Howard,
Good question. Our main ethos is accessibility. We want to attract customers with a platform that is easy to use, both for investors and businesses. Our platform currently supports ERC-20 Crowdsale that with just a few clicks you can sign-up and buy tokens, issue tokens and start crowdfunding campaigns. Alongside this in the future we want to work alongside start-ups in marketing their campaigns. We are working on making our platform comprehensive with the introduction of NFTs and use cases within the month and are continuously looking to expand the platform.

Q3. Token Republic has been great, but as an investor, we’re always concerned about the loss of hackers. So Token Republic has any mode to help users like me more secure?

@BitKita

Jack Kettley,
All our transactions and issuance happen on the Metamask platform, https://metamask.io
trusted by over 1 million users worldwide, that values security and privacy.

Q4. Token Republic in collaboration with NULS, Why have you chosen to partner with NULS with your project? What are the benefits?

@OliverSyykes

Jack Kettley,
Hardening the design and shortening our time to market — NULS provides development and design expertise. Our token profitability: NULS and Token Republic benefit from each other’s success. We are working closely with the NULS team and are planning to develop our smart contracts on the NULS Chain in the future, this is on our roadmap and we plan to deliver this within the next 6 months.

Q5. What’s next for Token Republic ? What does the future look like with Token Republic ?

@thanhhoai91

Patrick (https://tokenrepublic.io/) Howard,
We are beginning to develop contracts on the ERC-721 NFT standard to add to the dashboard. We are already in contact with artists that want to use the Token Republic Dashboard to issue Non-fungible tokens and will begin developing an array of use cases on the Token Republic platform for the NFT standard.

Alongside this the token republic is committed to developing its community, growing and diversifying the platform.

We have recently launched on Goblin swap a decentralized exchange platform, which includes AMM (Automated Market Maker).

We are working closely alongside the Nerve Network team who are currently exploring liquidity pools on their NereDEX exchange, we also hope to list on other exchanges and build our liquidity as the project matures.

In addition we have developed a marketplace where users can use TRG to list and also buy that we will be releasing this year.

There is only one option for what we do and that is SUCCESS !!

TELEGRAM QUESTIONS

Q1. From @Emmie971

It’s quite disheartening that a lot of projects from the 2016–2017 era have disappeared and failed to deliver on the promises made. How will you avoid having the same fate? How would you instill confidence that there’ll still be a Token Republic in 2 years time?

Patrick (https://tokenrepublic.io/) Howard,
This is a very good question. Firstly, if you look at my background as CEO of The Web Company, an award winning tech company, established since 2004 and so Token Republic is not a traditional start up. We already have an experienced team of 30 in The Web Company, https://www.thewebco.co.nz/ . We actually have been developing our technology stack over the past three years but have only launched publicly 3 months ago. Having over 100 years of combined experience in our team means we know what it takes to succeed.

Q2. From @theyasflower

You talked about your partnership with NULS. How about NerveDex? Apart from building liquidity, what are the other proceeds of your strategic partnership with NerveDex?

Jack Kettley,
We are in close contact with the founder of NerveDex ,that provides some strategic advice for growing liquidity, we have listed our token pair with NULS, our project is still maturing and we will continue to work alongside the NULS and NerveDex team to continuously improve the value of TRG. NerveDex is currently in the process of developing market making tools, that we will hopefully use in the future.

Q3. From @btcltcrich

Currently, Token Republic still uses the ethereum network (ERC20). Do you have plans in the future to move the network (blockchain), for example to the Nuls network or even create your own network?

Jack Kettley,
We are working closely with the NULS team and are planning to develop our smart contracts on the NULS Chain in the future, this is on our roadmap and we plan to deliver this within the next 6 months.

Q4. From @lahkoklu

What innovations does TRG offer in DeFi and how Do TRG changing the new DeFi ecosystem and what are the plans for the next few years?

Jack Kettley,
We believe crowdfunding is an ideal industry for blockchain to enter into and augment. We want to allow businesses to launch campaigns with ease, allowing them to focus on development, offering accessible ERC-20 token issuance. Our objective is building a comprehensive platform that not only focuses on crowdfunding, with the issuance of ERC-721 NFT tokens coming within the month. We are constantly looking to expand and diversify our platform. Ultimately we want to provide an accessible and comprehensive blockchain experience.
Immediate Goals:
- Launching active Crowdsale campaigns on the Token Republic platform.
- Launching ERC-721 NFT standard on the Token Republic dashboard before March 2021.
- Generating liquidity and building a market for our TRG token.
Long-term 6 month goals:
- Adding ICO marketing solutions to help entrepreneurs develop a successful crowdsale campaign, this will include services such as tokenomics consultancy, whitepaper and landing page design.
- Migrating our smart contracts to the NULS smart-chain.

Our dashboard is currently live at https://dashboard.tokenrepublic.io

you can find more information about our dashboard at, https://medium.com/token-republic/token-republic-dashboard-live-13856037c752

Q5. From @A_nita666

Why you choose ERC, as we know gas fee in ERC so expensive ?

Jack Kettley,
Yes, within the next six months we want to migrate our contracts to the NULS blockchain to make the gas fees of issuing tokens less to users that don’t have greater initial funds, we are currently developing a frontend solution to this that allows users to gauge the interest of their project on our platform allowing them to proceed to issuing tokens with confidence

Q6. From Corrie_Dorf

Adoption is crucial factors that all sustainable blockchain projects should focus to be more attractive for investors entering into the project. What TOKEN REPUBLIC has done and plans to do to achieve real world adoption?

Patrick (https://tokenrepublic.io/) Howard,
Thank you, first off, the project must be sustainable and viable. By this, I mean it has to provide a real world solution to a real world problem. DEFI is a core component of our ecosystem but not the only component. For example, we have already developed technology for people with crypto to use at POS years ago. But this is one part of the ecosystem. Having been working in the crypto space for many years we understand there must be real world solutions to attract real world investors.

As ELON MUSK said “I always invest my own money in the companies that I create. I don’t believe in the whole thing of just using other people’s money. I don’t think that’s right. I’m not going to ask other people to invest in something if I’m not prepared to do so myself. “, and I am doing the same thing.

Q7. From @A_nita666

Where can we buy TRG, is there a presale? And what are the long-term benefits for us holding TRG?

Jack Kettley,
You can currently swap NULS and other Tokens on the goblinswap platform or stake into the Token Republic NULS POCM.
We are in the process of market making and have listed our token pair on nervedex but are yet to start selling, we would like to see TRG being sold on exchanges within the next 6 months.

Goblinswap: https://v2.goblinswap.org/
NULS POCM: https://pocm.nuls.io/pocm/Projects/ProjectsInfo?releaseId=56

Telegram : https://t.me/Token_Republic
Twitter : https://twitter.com/token_republic
Website : https://tokenrepublic.io/
Medium : https://medium.com/token-republic
POCM : https://pocm.nuls.io/pocm/Projects/ProjectsInfo?releaseId=56
Whitepaper : https://tokenrepublic.io/wp-content/uploads/2020/12/Token-Republic-Whitepaper-5.1-5.pdf
Youtube : https://www.youtube.com/watch?v=4gwkvl-yLlI&t=3s
Instagram : https://www.instagram.com/token_republic/
Facebook : https://www.facebook.com/TokenRepublic

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

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Here’s our 41th AMA recap!

Introduction

TWITTER QUESTIONS

TELEGRAM QUESTIONS

Written by Infinity_Chain News