Wolfonaire Chatbox : AMA With CULTOS (12th Aug, 2022)
Hello! Wolfonaire Family & Crypto Enthusiasts
We recently hosted an AMA With CULTOS 12th Aug, 2022 at 03:00 PM UTC. This session was phenomenal. If you have missed then here is the precious AMA transcript, for those who missed the live session this will enlighten you for sure…
Guest Speaker :
Mr. Andrew | CEO, CULTOS
(Note: This is the transcription of the event. Please note that the transcript was edited for comprehensibility and coherency, while the content was not changed.)
INTRODUCTION
Andrew : Cultos is founded by a team of 3 Forbes 30 under 30 alumni with years of experience in Web3 from a personal interest to building enterprise applications for corporates like GE to apply blockchain to their supply chain. Advisors include great web3 founds like the CEO of Zebec and Centrifuge as well as great investors including the owner of Bratz dolls (MGA entertainment) and the San Antonio Spurs!
Wolf : Impressive 👏Really good to hear that Cultos have decent expertise backing
For our members who are not already familiar with the project, can you give us a very high-level overview of what #Cultos is and what competitive edge it brings to the Crypto Universe?
Andrew : Cultos enables any brand, influencer or creator to bring rewards, loyalty and influencer marketing to Web3. With Cultos, a brand can launch their own branded token to reward their online fans and customers for actions they perform which help the brand such as promoting on social media or buying products. For consumers, Cultos is a way to be fairly compensated for supporting brands with their promotion and spending by receiving tokens they can liquidate or exchange into other crypto at will — as opposed to loyalty points which cannot be cashed out and are locked into 1 brand! Brand tokens will be echangeable on the Cultos exchange to give consumers access to the rewards of every brand we partner with — if you earn Nike tokens then nothing stops you from trading into Bratz tokens and accessing those rewards. Our competitive edge is the product being easy for anyone to use regardless of crypto experience — simply install our shopify widget if youre an eccommerce brand, and just sign up if youre a consumer and you can get started!
Wolf : Really good.I’m getting more excited for Cultos…Concept is really fascinating.
How do holders of the #Cultos Tokens benefit in the ecosystem? What power within your model do individuals hold? Why is it so attractive and what are the basic requirements to participate?
Andrew : CULTOS holders receive governance and voting rights depending on their holdings. There will also be staking rewards for holders of CULTOS. CULTOS can be exchanged for any brand token in the ecosystem and is also the off-ramp for holders of brand tokens to liquidate their holdings — if I have Bratz token I convert to CULTOS and can then convert or cash out on an exchange. To particiapte, simply acquire CULTOS when we IEO or purchase or earn brand tokens from a brand that has signed up.
Wolf : Have you met all your goals in the roadmap till now? And were there any difficulties that you didn’t expect and were not prepared for?
Andrew : Yes we have — we sold out our token pre-sale on Republic in April raising $5m in just 4 hours (with $1.5m oversubscribed!) — we completed our MVP Shopify product and have submitted to their app store for review and have also met several exciting milestones with our partner behind Bratz which will be announced soon. The main challenge we met which we weren’t expecting is the LUNA effect on the markets which has pushed back our IEO timing but is a minor set back when looking at the big picture!
Wolf : Can you please give us a short tutorial on how even a nontech guy can easily use and enjoy your platform?
Andrew : Yes, you can visit the shopify store of any brand that signs up with us and create an account — immediately you will have a custodian wallet and be able to earn or purchase brand tokens and use on the brands exclsuive rewards. Once our exchange is launched you will be able to simply trade your brand tokens into other brand tokens or convert to CULTOS and withdraw to an exchange. No knowledge of meta mask, crypto tech is required for any of this and we designed the product for anyone to use!Yes, you can visit the shopify store of any brand that signs up with us and create an account — immediately you will have a custodian wallet and be able to earn or purchase brand tokens and use on the brands exclsuive rewards. Once our exchange is launched you will be able to simply trade your brand tokens into other brand tokens or convert to CULTOS and withdraw to an exchange. No knowledge of meta mask, crypto tech is required for any of this and we designed the product for anyone to use!
The real adoption will come when our grandma can use product without being introduced to Crypto complexities. Well Done Brother 👏.
Let’s move for the Twitter round questions from here.
Q1. A partnership is essential for adoption, so can you tell us if you have any partners now and in the future? Ambassadors play an important role in every project- do you have an ambassador program? If yes, how can I be one?
Ans. Yes we have several publically listed partners including the brand behind Bratz and LOL Surprise, San Antonio Spurs, The Lumiii project and many more. We will be launching an ambassador program where you can refer brands or influencers to us and if they launch a token you will earn CULTOS. To receive information on this, please join our discord and stay tuned.
Q2. What is your top priority for 2022? Can you and your team members share a bit about the strategy that will implement in the near future? What makes the team feel confident to win in the long run ?
Ans. Our top priority for 2022 is growing the CULTOS community in advance of our IEO and executing on our product milestones which ultimately make the project and the token valuable to our community. We’ve already made excellent progress in a short amount of time with key partnerships and our successful token pre-sale we’re confident we’ll continue to be successful in the long run as well!
Let’s move for the community round
Q1. Where I can get the latest updates or more information about the project?
Ans. Please join our discord for updates!
Q2. I am interested to invest in your project. When and where can I 𝐛𝐮𝐲 𝐲𝐨𝐮𝐫 𝐓𝐨𝐤𝐞𝐧𝐬 ? Is it already listed exchanges?
Ans. Please join our discord where we will announce the listing date and exchanges for IEO — we’re most likely targetting early next year but stay tuned.
Q3. Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?
Ans. We want every brand and influencer who uses Cultos to have a community so loyal it’s like having a Cult!
Now the session ends with lots of thanks to our Guest Speaker…
Here are some important links of CULTOS
Website | Telegram | Twitter | Wolfonaire Family Chatbox | Wolf
