Invincible Crypto X Corestarter
Date : 19 January 2022
Host : Running Beast
Guest: Corestarter Team (Jay Wilson— COO)
Hello! Crypto Fam & Blockchain Enthusiastic!
We recently hosted an AMA with Corestarter, on 19 January at 2 PM UTC. So here we are up with the AMA transcript, if you missed the live session, this post will be a saver & a feeder of knowledge for you.
INTRODUCTORY QUESTIONS — BY INVINCIBLE TEAM.
Running Beast | TGH:
Hello everyone, We are super excited for our first AMA.
Please welcome the COO from Corestarter team @jay_corestarter
Pleasure to meet you buddy.I will be your host for today’s AMA.
Invincible Crypto:
Welcome to our group @jay_corestarter
Jay Wilson | Corestarter:
Hey guys! Thank you for having me and it’s an honor to be the first guest here!
aj:
Welcome Jay
Pls shower our community with knowledge about yr CORESTARTEE
Running Beast | TGH:
Please introduce yourself to the community?
Please tell us about your journey so far, experience and expertise in the Crypto field.
Jay Wilson | Corestarter:
Okay, I’ll try to keep it short! 😂
Hey everyone, great to be with you today! My name is Jay and I am the COO of Corestarter!
I’ve been involved in blockchain for some time now, starting off as an investor and making a few connections. I then was introduced to CoreStarter in its infancy and having struggled with the early model of Launchpads myself I loved the project! Then I started working with them to help build and get to market, and now I help oversee all operations, growth and marketing. I think we are all extremely lucky to be involved in this space as workers and investors while it is so new, blockchain is slowly changing the world.
Running Beast | TGH:
Well, the harder you beat the steel, the stronger it gets.
Invincible Crypto:
🔥🔥🔥
Jay Wilson | Corestarter:
Absolutely man
Running Beast | TGH:
Your hard work is definitely paying off
Please give us a brief introduction about your project and what are you guys trying to showcase? What is the story behind its origin? When did it start?
Jay Wilson | Corestarter:
Yeah sure!
CoreStarter is a cross-chain fundraising platform and NFT marketplace with high yield staking built on Solana.
We aim to give power back to the small investor and create an equal playing field for all investors. Current launchpads only favor the large token holders and they don’t care about loyalty, not to mention the small investors get left behind in allocations. We make sure everyone is cared for and even offer a reversed staking system mechanism.
As a team we have all struggled with the early model of launchpads only supporting those who have a high number of tokens, never rewarding those who stay long term. Our founder Umesh created the algorithm that works to support small investors and allow them a chance to earn their way up the tiers. The idea for CoreStarter has grown over the last year and our platform launch was in November 2021.
Running Beast | TGH:
Well, the staking system really caught my eye, while reading about Corestarter.
Can you please elaborate on that and how does the mechanism really workout?
Jay Wilson | Corestarter:
Yeah mate of course.
Invincible Crypto:
Currently there are many Launchpad, offering something different always leads to attraction of the community
Jay Wilson | Corestarter:
CoreStarter’s staking system went off with a bang, we had a 500% APY special for our first holders. To access our IDOs, Governance and rewards you have to stake in our system. Unlike other systems there are absolutely no locking mechanisms, unstake whenever you like. BUT we reward loyalty and long term stakers. Your tier is determined not just by tokens, but days staked too. As your days staked increases, your pool weight score increases AND your rewards increase. You can earn up to 75% APY. Our rewards are alos reversed with lesser holders getting a higher APY to even the playing field. Under 5001 tokens and you can get up to 75% APY, 5001 or over and you can get up to 60% APY. Both still extremely generous.
That’s it mate, we are building a launchpad for our community and giving power back to those who support us
aj:
75% APY is still humungous.
Corestarter has got a strong back💪
Jay Wilson | Corestarter:
We are here to give back to the community, if they are going to support us we have rewards put aside for them
Invincible Crypto:
Many of them have delegation period once they are staked, it’s good to see people can unstake anytime they want 👌👌👌
Running Beast | TGH:
The more the merrier, I guess.
Having more holders with less amount is definitely better than a single whale accumulating the tokens.
Jay Wilson | Corestarter:
100%
Running Beast | TGH:
Now that we have a little info on the project let’s hear about the Corestarter team.
How many members is your core team made of? What’s their backgrounds, and experiences? How long have you been working together?
Jay Wilson | Corestarter:
Our core team consists of our CEO and Founder Umesh Gupta who is a mathematics expert, we have Akhil Jindal who is our CFO, Pankaj Goyel who is our Project manager, Angad Goel who is our relationship manager, Sagrika who looks after our discord, and we have a number of Devs working on the smart contracts and platform who have over 5 years experience with smart contracts. We also have a number of strategic advisors and investors who have been critical in getting us to where we are today.
The Core team have been working together for around 12 months, but prior to this they had worked together on several projects.
Running Beast | TGH:
Where is the team based btw.
Are you guys working together.
aj:
CEO has over 500 connections ok Linkedin
Jay Wilson | Corestarter:
Our team is spread across the globe actually! We have team members in the UK, I am an Australian but now in Dubai, and we also have team across SE Asia
Running Beast | TGH:
Please tell us about Corestarter’s NFT Marketplace. What are the exclusive features that it is going to provide its users?
Jordan || DeFi Raccoons:
Loving everything about Corestarter so far 👏
Jay Wilson | Corestarter:
CoreStarters NFT marketplace will start off being an INO platform in February. This means not only can we launch gaming projects, but their NFTs and in-game assets too. We will also be using this as a secondary market for GameFi projects launching on CoreStarter, and exclusive drops from partners. You will be able to purchase select NFTs with CSTR tokens too. A portion of these will be sent to a wallet and burned monthly.
aj:
$CSTR one more use case
Invincible Crypto:
Token burns 🔥🔥🔥
Running Beast | TGH:
This will make Corestarter a all in one Launched.
Jay Wilson | Corestarter:
We aim to be a one stop shop to support everything and everyone. We are also extremely active in our community taking suggestions and updating our platform. I’m in there daily having conversations with the community too
aj:
True words, I haven’t seen this man reply late a single time.
Even with having such a huge and interactive community.
Keep up the good work man💎
Running Beast | TGH:
Lets get some insight into your token,
How does it all get incorporated into the Corestarter ecosystem? Apart from staking How will you stimulate the users to hold your token in the long run?
Jay Wilson | Corestarter:
As I mentioned before you will be able to buy NFTs on our marketplace using $CSTR tokens, with a portion of these sales sent to a wallet and burned once per month. We will be running different rewards and staking campaigns throughout the year that will benefit holders. As we gain more users the higher tiers will be harder and harder to reach, especially if you are against those who have been staking for 3, 6 or 9 months! It’s important to get in now.
We also plan on rewarding the longest holders during stages of the year with rewards/airdrops and a few more surprises
Running Beast | TGH:
This is the magical strategy, especially in this volatile market
aj:
Nobody wants to get stuck in the lower tiers. That’s a great way to ask people why hodling $CSTR benefits you and the community
Jay Wilson | Corestarter:
Thats right, you can progress through the tiers without spending an extra cent. No other launchpad offers that
Running Beast | TGH:
You are currently based on SOLANA
Do you have any plans to expand to other Blockchains, please tell the community about your plans ahead.
Please tell us about your Upcoming events, Roadmap, milestones and potential updates moving forward.
aj:
Unlike Corestarter
Other Launchpads prefer bigger wallets like traditional banks does with only providing loans and benefits to the big accounts.
Great strategy and plans to move Corestarter aheah I see
Jay Wilson | Corestarter:
Yes so we are built on Solana and conduct all of our raises in USDC. We conduct raises on any network though, so far we have completed BSC, Fantom and AVAX network raises.
We will be expanding onto more networks and taking our token cross-chain too. Rust is a tricky system to develop which is why no bridges exist at the moment. We are actually in partnership with a project called Polkalokr who are building this feature.
Right now we are growing quickly, we have many more launches locked in that we are waiting to announce so you’ll need to join our socials to make sure you don’t miss out on any announcements! We have plenty of Gaming projects coming up, so we are focusing on our NFT marketplace which will be completed towards the end of this month, then up and running in Feb! We are also talking about some limited edition CoreStarter NFTs that will gain top tier access to the holder regardless of staked volume, BUT these NFTs will also be airdropped NFTs, tokens, rewards anything randomly from our partners and projects launching! Definitely something to be excited about.
We are also slightly modifying our Raise model and platform from community suggestions and making it more beneficial for stakers. We will be making an announcement next week regarding that so keep an eye out, if you’re not staking you very well may miss out.
We have an IDO tomorrow, Gladian and if you want to participate you will need to head to sit.corestarter.com and make sure to register and KYC within the next 3 hours!
aj:
I see the word “Cross-Chain in the making” 👀
Running Beast | TGH:
Well, Polkalokr partnership will add on new dimension for Corestarter’s growth.
Jay Wilson | Corestarter:
I think we’ve really covered the project well. I just encourage your users to jump in our telegram chat and KYC on our platform and they can get corestarter from Gate.io or Raydium with a USDT pair!
LIVE AMA QUESTIONS.
Lakesha Fairley:
What’s your main focus right now, are you focused on the community or market/Exchange or the products?
Jay Wilson | Corestarter:
Right now we are building our NFT Marketplace to support INOs. Then we will build it out to allow a secondary market for projects launching on CoreStarter and for exclusive sales. We will only allow KYCd projects to list. We are then building out our DAO system to allow all users to vote the same way we have our weighted tiers. Then we are releasing 12 CoreStarter NFTs that will grant access to top tier, airdrops, special access and other things.
Vũ Yên:
Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Jay Wilson | Corestarter:
Yes we are implementing buy back and burn features across many aspects of our platform. We will be announcing more about this shortly, but it will involve acquiring tokens a number of ways and having a monthly burn.
Jeffery Haggard:
Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?
Jay Wilson | Corestarter:
We are actually being Audited right now, we hope to have the results back soon. With the influx of projects there has been an incredible wait time for this to be completed. We wanted to make sure we use the best in the business. We have upgraded all security and implemented anti bot and DDOS protection. We have all projects contribute to our insurance treasury which is used to give back to our users in the case anything does happen.
Huyền Mai| Manager:
Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Jay Wilson | Corestarter:
This is one of the most important things for our project. We are in the chat daily and taking suggestions from our community on how to improve our platform and community experience. You can join yourself to see, even ask our members. We are 100% focused on delivering the best product to our community. Our ideal consumer is everyone, this isn’t for whales, or just for small holders. It’s a platform that gives all an equal opportunity.
Imagine you can only afford 100 $CSTR tokens. You wouldn’t even make a tier in other launchpads. If you stake them with us for long enough you will reach tier 1, that is pretty special.
CONCLUSION.
▪️Join Us
Telegram — https://t.me/InvincibleCrypto
Telegram Announcement — https://t.me/InvincibleCryptoAnn
Twitter — https://twitter.com/INVCLEcrypto
Follow :-
Telegram — https://t.me/corestarter_chat
Telegram Announcement — https://t.me/corestarter
Twitter — https://twitter.com/CoreStarter