[AMA] GMMT AMA WITH DEEPCOIN
GMMT Coin was listed on the DEEPCOIN Exchange on March 15. In addition, we conducted AMA on DEEPCOIN Telegram, and we summarized the details.
1. Introduction
Giant Mammoth Chain is designed to be suitable for all services such as Web3.0, NFT, Metaverse, and Platform, and GMMT is a utility coin that has functions of gas fee, reward, and payment.
Also GMMT is now listed on a total of 5 exchanges.
[Listed exchanges]
1. Bitmart
https://www.bitmart.com/trade/en-US?symbol=GMMT_USDT&layout=basic
2. BTCEX
https://www.btcex.com/en-us/spot/GMMT-USDT-SPOT
3. CITEX
https://www.citex.io/#/trade/GMMT_USDT
4. BitForex
https://www.bitforex.com/en/spot/gmmt_usdt
5. Deepcoin
https://www.deepcoin.com/en/spot?currentId=GMMT
The purpose of the Mammoth Foundation is to build an ecosystem in the public interest by distributing profits to all participants as much as they contribute, rather than monopolizing revenues to the brokers.
This can be explained through the PoSA consensus algorithm. Rewards are distributed according to stake, and validators can be elected through decision-making by users with stake through DAO.
In addition, we are implementing a strategy to further expand the ecosystem by applying blockchain technology to non-blockchain industries. For example, it is not limited to any industry, such as broadcasting stations, telecommunications companies, and food companies.
We worked to overcome the blockchain trilemma while increasing scalability.
Although network security problems are extremely rare, vulnerability improvements such as attack tests have been completed in case you don’t know, and we are monitoring to prevent security problems that may occur in dapps other than the network.
Also, in the case of Validator, it can be said to be decentralized because it is not owned by the foundation, and if the Validator causes problems in block verification, it is designed to be sent to prison and lose the Validator function. Security can be seen as improved.
Q : What are the plans for future development?
A : Ecosystem expansion through user acquisition. We believe that the ecosystem needs to be expanded to increase utilization and provide more stable operation.
We are expanding the ecosystem through Dapps and partnerships to sequentially expand usage, including exchanges and staking services that will be additionally listed in the future.
In addition, we are conducting steady research and development according to the roadmap.
2. Question & Answer
Q : Do you have any staking programs or any other incentives for community members of the project?
A : There is currently no staking for pure community active users, but we are providing a service that allows holders to maximize their profits.
We provide a staking service for GMMT owners to deposit.
https://staking.gmmtchain.io/
We are also planning an airdrop event for community members.
Q: Is Giant Mammoth compatible with EVM dapps??
A : Of course. no problem.
We are developing additional bridges that can connect with other mainnets, and BSC and EVM have already been developed.
Q : What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of token?
A : I answered a while ago, Already, we are implementing a strategy to propose a business that can utilize blockchain to the non-cryptocurrency industry.
Technology is supported to expand the ecosystem, and we believe that if the ecosystem expands, the value will naturally rise.
Q : What is your most important next priority according to the project roadmap?
A : Currently, it is considered that the expansion of the ecosystem is a necessary step, so securing Dapps and promoting marketing are prioritized, and technology development according to the nature of the secured Dapps will be developed in parallel.
Q : Launching Projects in a bull run is much more profitable than during the bear cycle. In a bear run where most of the projects fail and sometimes go into oblivion, how will your project stand the test of time? What strategies do the project employ to mitigate possible losses?
A : Project and profitability are related, but we are working on a project to expand the ecosystem. Shaking in a bullish or bearish market means relying on the market rather than on a project. We aim to increase usability by expanding accessibility and utilization to users regardless of market trends.
Q : Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relatiionships?
A : Our Mammos team has partnerships with representative companies and institutions in each country and partnerships to revitalize the country’s dao.
Thailand partners with a state-owned company called Mcot.Japan partners with webtoon and nft authors.
Q : Do the token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
A : Because users can freely propose the agenda itself, it is not limited to anything. Among all common questions, security audits are still being conducted by several companies. And many developers around the world are testing it through GitHub. We will continue to update.
For your information, we have been developing blockchain since 2015 and we are the second team to start in Korea.
He has a lot of experience and has developed it around the world as a mining platform and a blockchain-based platform.
They’re now announcing it. Please look forward to it.
Thank you all for your interest so much.
We hope to continue to communicate on the official Telegram channel.
Have a good evening everyone :)
