Spintop Live AMA
Welcome to the Spintop live AMA with The Gem Hunters, we would like to thank the team for attending today and sharing information on the project with our community!
BiT_SHaMaN|TGH/Owner@TheGemHunterstg : To kick this off lets get an intro intro into the project itself, give us an introduction into what you guys are building please?
Sinan Gulfidan/Team@Spintop : We think there are too many barriers in blockchain gaming for the moment such as the whole ecosystem being scattered, or the gaming NFTs being out of budget for someWe designed the system with two main objectives; Making the blockchain gaming more accessible, and the WAGMI mindsetSo to answer your question in a nutshell, we are building a blockchain gaming hub which grows together with its users and partners by sharing within the ecosystem
BiT_SHaMaN|TGH/Owner@TheGemHunterstg : Now that we have a brief understanding of the project itself, lets get some background info on the team, whats your backgrounds and experience , where are you all from and how did you all come together?
Sinan Gulfidan/Team@Spintop : I’m Sinan Gülfidan. An Industrial Engineer for 10+ years. Father, husband, entrepreneur and a gamerOur CTO is Batu Dal, he’s a true tinker. Loves to build systems from scratch. Aside from his family businesses, he’s managing a web3 agency that he’s really enthusiastic about. Genius mind talented on both design and web3 developmentOur CMO is Alemşah Öztürk. He’s the man. CEO of the largest and most influential digital agency in Turkey 4129Grey, acquired by Grey International. He’s a man thinking and living outside the boxHonored by awards and invited juries at Cannes Lions, Clio, Eurobest, GoldenDrum, D&AD, Webby, NYC Festivals, and more. Acknowledged as entrepreneur and model angel investor of Turkey by current POTUS Joe BidenOur CSO is Kaan Kayabalı an award-winning serial entrepreneur and electronics engineer. Founded digital media, IoT, ecommerce, and mobile gaming businesses with over 500 employees across offices in Turkey, the US, UK, Dubai, Belgium, and Singapore.And our recent Strategic Advisor Deniz Güven. Deniz is an internationally recognized leader in the banking and fintech industries bringing new banking experiences globally.
BiT_SHaMaN|TGH/Owner@TheGemHunterstg : Ok moving on, Spintop is essentially a hub for GAMEFI projects and blockchains like you said before, but Spintop has an array of other fundamentals and utilities, more than most projects actually! From Gamepedia, Spindex, Guildmaker and an NFT market place can you please tell us how the above fit into the ecosystem and work on a fundamental level?
Sinan Gulfidan/Team@Spintop : In Gamepedia we will list blockchain games as in Steam and let people rate it, write comments about it. We will add good quality content on each listed game. We will include in game visuals, in-depth gaming guides and real time token metrics data taken from Coinmarketcap APIs. Users will be able to discover games on their tastes, genres and development statusesSpindex is the liquidity solution for GameFi projects. It includes liquidity pools of gaming tokens and SPIN pairs, liquidity farming to incentify liquidity provision, singe staking pools to increase both SPIN’s and also partnered projects’ token.Moreover the Spindex Wallet. using liquidity pools inside the DEX to create a seamless conversion of SPIN to the game token played inside the game. Spindex wallet will utilize the liquidity pools inside the Spindex3rd product: Guild Maker will be our biggest innovation!Meeting grounds for play-to-earn sponsors and scholars. Sponsors can burn SPIN and create their own yield guilds, recruit scholars and compete with each other.In this product we will join the play-to-earn movement. We’re not a guild! But a factory for Guild creation. Trustless, permisionless, governed with smart contracts without any human interaction. Guilds are welcomed to open up their own NFT pools in the Guild Maker! We will wrap NFTs in our contracts and assign users to them for 8 hours of humane periodsGuild Maker will keep track of 2 MMR ratings : one for the NFT (It’s average yield per period), other for the Scholar (comparing NFT’s average yield with the actual yield made). Those 2 MMRs will create free market conditions. Thus, the invisible handWe limited borrowing time of any NFT to 8 hours. Also this 8 hour borrow time will optimize NFT yield. It will be used for 24 hours by 3 scholars whereas if you lend them for a greater time period the scholar would need to basic human needs as sleeping and socializing. And at last the NFT Marketplace , Players, developers, investors and guilds will be able to list their gaming NFTs there to sale and rent. We will just list gaming NFTs so the users wont get overwhelmed as in OpenSea.
BiT_SHaMaN|TGH/Owner@TheGemHunterstg : You’ve just released farming and staking last week and the staking TVL is already 7.5 mill which is insane if I say so myself! Please tell us how users can farm or stake, what are the rewards and lock up periods?
Sinan Gulfidan/Team@Spintop : There are no lock up periods. Users are free to stake and unstake as they wish. Farming and staking tutorials are available on our twitter. This is farming tutorial https://twitter.com/SpintopNetwork/status/1476620270362370050 Staking: https://twitter.com/SpintopNetwork/status/1476620302012633089
BiT_SHaMaN|TGH/Owner@TheGemHunterstg : Moving onto the $SPIN token itself, please give us an overview of the tokenomics and utility of the token, what incentives do investors have to hodl $SPIN? P.s regarding the pre-sale just to get this clear how big was the pre-sale and how have the funds been allocated to the team and project?
Sinan Gulfidan/Team@Spintop : Will donate %20 of it to the charities to be chosen by our community.Our largest allocation is for liquidity incentives for Spindex. 39% of total allocation for 60 months linearly,Team’s got 12% .We didn’t sell to VCs, We declined about 40+ of them.They just dump on other people,Thats why we did 64x during this month.So we have public sale 3%,seede sale 2.5%,Strategic 1%,Our treasury 30% and Markerting 10%.Yeah we’re long term entrepreneurs and crypto enthusiasts.Let me explain utlilities first,Our utilities are: Burn SPIN to create custom yield guild, Burn it to wrap NFTs to make them lendable, Stake it to create a profile (a minimal sum) and apply for scholarships, Stake it in Spindex Pools to earn SPIN and partnered tokens, Stake in Yield Farms to earn more SPIN tokens.
BiT_SHaMaN|TGH/Owner@TheGemHunterstg : Lastly what catalysts can we expect during Q1 and Q2 of 2022? You’ve got a huge roadmap lined up, what are you currently working on and what can we expect to see launching in the not so distant future?
Sinan Gulfidan/Team@Spintop : We will start with launching Gamepedia which is actually around the corner now.We have been simultaneously working on the Guild Maker so you can expect the launch around the second half of Q1. The marketplace will be launched on Q2.We will also be focusing on profiles during this period. We want our platform to be social, working in a hive mentality.Other than the ones above, we will be working on partnerships, cross-chain implementations and new central exchange listings.Stake SPIN earn other token pools alongside with Stake SPIN/Partner LP to earn SPIN will be launched pretty soon on Spindex.
For more information on Spintop refer to the links below :
💎Website : https://t.co/3IENw84lI7
💎Telegram : https://t.co/zc2IOAksJW
💎Twitter : Spintop (@SpintopNetwork) / Twitter