💙MB Blockchain community VN AMA with ShuttleOne💙
✨MBBCBLOCKCHAIN community is hosting AMA with ShuttleOne https://t.me/Shuttle_One
Time 🕖AMA: Friday, November 13, 2020 || 20:00 PM UTC+7)
💚Part 1: Introduction to the ShuttleOne project
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
We will now start to the first part of today's AMA❤️
First can you introduce yourself and your ShuttleOne project?
Zhuang:
yes happy to!
ShuttleOne is a defi company based in Singapore. We offer trade financing and microloans using the blockchain by tokenizing real world assets.
We support Government to Business companies around the region by lending stablecoins out to these merchants who needs loans and borrowing.
We are founded in end 2018 and have been building our dapp ShuttleOne.Network for the past 2 years.
you can follow our telegram for more news and announcement
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Great!
We will get to question 2
Zhuang:
yes please!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Question 2. Who are some business partner/clients for ShuttleOne ?
Zhuang:
so currently, we serve a few government organizations in Singapore, notably the ones that deal with port related operations......due to secrecy i cannot name them at the moment....
however some of the bigger partners we have are Shopee (the ecommerce platform)
which you can see from this announcement:
If you are an e-commerce merchant do sign on with Shopee to see how defi enabled loans can help with your business!
this is one of the ads we put out as part of our partnership to service ecommerce merchants in borrowing
these are powered by the ShuttleOne.Network
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Wow that's awesome. I found that Shopee is very popular
Zhuang:
haha yes we are lucky to serve the shopee merchants
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Hope your project will thrive as Shopee or greater
Zhuang:
thank you so much!
we will need a lot of support from communities like yours..
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Thanks you!
3. What are the memorable milestones of ShuttleOne in the process of research and development?
Zhuang:
if anyone under stands blockchain and defi in the B2B space...
and as mentioned...we served a lot of G2B entities....
especially in the South East Asia region....
if you guys have kept up with the developments in our twitter (@shuttle_one) and our telegram...we've spoken about oil...
to tokenize oil...with one of the oil majors here in Singapore....
today we actually delivered phase 1 of the project...
this is the platform that is powered by the ShuttleOne.Network......
this means...
we are using the ethereum blockchain to bring oil assets into the Ethereum ecosystem...
so the MB BC Blockchain community heard it first..
no news portal has picked this up yet...
we literally deployed this first phase 3 hours ago..
in singapore
other milestones...we have been funded twice by the central bank in SIngapore
to further the financial sector technology development in Singapore
and we are in the process of applying for the crypto licensing in Singapore...
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
❤️ Wow so great. I think everyone here understands more about your project
Zhuang:
so
u can take us like MakerDAO
but for the real world...
in fact we have a Maker partnership going on too...
💫Maker (MKR) Token Holders Votes to Greenlight ShuttleOne's CAT to begin Collateral Onboarding Work in the Maker Protocol💫
We would like to say a big thank you to the MKR holders that voted to greenlight us. Please read on to find why this matters and what does it bring to ShuttleOne.
https://twitter.com/shuttle_one/status/1313152635956916225
our tokens are voted to be onboarded into the MakerDAO protocol
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Great. Can I ask one more question about your project?
Zhuang:
yes of course..
please ask
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Can you tell me more about the security of ShuttleOne?
Zhuang:
yes definitely..
essentially....we are a series of smart contracts...
just like how any DeFi projects are...
the smart contracts are audited by Peckshield...u can find the audit report in our github www.github.com/shuttle-one
💙Part 2: Question From Twitter (5 Best Question’s)
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
We will come to the first question from twitter
Q1. How do I get $SZO? Can it be mined, staking and yield farming? How do you handle security issues in your project? and is there any advantage for the developer if they get a bug on your platform? @Clarasaktii
Zhuang:
thats a very good question..
for anyone interested…u shud read up
https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/
There’s only 1 way to get SZO. This is by providing liquidity into the ShuttleOne liquidity mining platform: https://shuttleone.network/mainnet/
Your stablecoins generate a 10% yield at this moment from Real world assets that we tokenize as part of our business.
Therefore you get it somewhat “free”. We designed this to protect investors from the main risk of price drops. And it is the safest way to obtain the tokens.
If you hold the ShuttleOne token, you are able to share higher interests rates that is generated by these real world assets.
We allow the average stablecoin supplier to be exposed to bank grade quality assets that usually people are not able to invests in. These include commodities like rice, metals and soon energy.
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
This is a pretty good question. We will get to the next question
Q2. Can you briefly explain how the Top milestones that the ShuttleOne team aims to execute before the end of this year or going to execute in future, will help them succeed and What ShuttleOne may look like in 2021 and beyond ? @chau69612778
Zhuang:
Since inception, ShuttleOne has been a small team. We’ve been validated both in Singapore when we obtained not 1 but 2 grants from the central bank.
Globally, ShuttleOne equity investors include Maker, CMT Digital, Andromeda Capital and various angels in Singapore. Recently, Microsoft’s ex Director Charlie Songhurst who took over Yahoo and Skype also invested in us.
Going forward, ShuttleOne is looking to introduce innovative solutions that will attract more assets and liquidity into the ShuttleOne.Network.
We are working on tokenizing Oil now with a oil giant and this will be announced more in 2021.
For liquidity suppliers, we are one of the highest paying interest rate of 10% at the moment on Dai, USDC and USDT both in the crypto space and also against banks.
In 2021, we are looking to expand our coverage of real world assets on the blockchain.
I
if you folks follow our twitter (@shuttle_one) you will see an announcement on the 5th of October that the ShuttleOne token CAT for tokenizing real world assets are voted to be onboarded into the MakerDAO protocol.
This partnership will ensure that there is sufficient Dai liquidity to meet the demands for the business to be viable going forwards. We’re very grateful to the Maker community that they have voted us in.
In terms of buying demand, everytime a borrower wants to borrower capital, repay or check their credit scores the SZO token is used and burnt to ensure that the token appreciates in price.
So to ensure that, we want to invite users to participate in our liquidity pools at https://shuttleone.network/mainnet/
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Ok. we will continue with question 3😇
Q3. Liquidity, Transaction fees and slippage are always important factors in Finance services. How does ShuttleOne solve the above problem to attract users? @VOHAVU1
Zhuang:
This is a very good question. Essentially, liquidity is provided through https://shuttleone.network/mainnet/ we currently have around US$200,000 of liquidity that our community has kindly supported earning 10% APY of their DAI, USDT, USDC
I think for us to solve the problems of liquidity, we are looking to ensure we create high yielding and safe assets that is within our borrowing markets to ensure that this is a long term viable. Most projects are short term, within months or maybe even weeks the coin dies. We are looking to provide long term benefits to our users and supporters
yes its a v good question…
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Q4. Revenue is an important aspect for all projects in order to survive and keep the project / company up and running. What is ShuttleOne way of generating profit / revenue? What is the income model? @khangisme1
Zhuang:
ShuttleOne has been a project that has been around for roughly 2 years since the end of 2018. We generate profit in many ways, one way is the fees we earn in SZO. If you look at this transaction:
https://etherscan.io/tx/0x03d93e288d3432dd8a0db147f413898e16e0f0fc9763cf44b96aae4098f7cfe4
You will see a US$101,976 loan was taken out recently from the ShuttleOne.Network. There are SZO that is being burnt here. As more business is done, and more SZO burnt, it reduces the circulating supply and the team and SZO holders are incentivized in this manner to ensure the long term viability of the business as a defi company.
⚡️⚡️A good burn and mint mechanism is tied to a working product. ⚡️⚡️
Crypto is transforming the API call revenue model of traditional softwares, we are happy to watch SZO Burnnnn 🔥🔥🔥 as ShuttleOne’s product is used for real world clients.
Watch how many SZO burns as a borrower for trade financing undertakes a US$101,976 loan.
https://twitter.com/shuttle_one/status/1326021086073352192?s=20
here’s the announcement
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
Q5. Many DeFi projects have liquidity problems. What liquidity model will ShuttleOne use to increase the value of the token? And how is ShuttleOne radically different from competitors, why should an investor pay attention to it? @okme58111039
Zhuang:
very good qns..
and important to startups in crypto
As mentioned from the last question, we are a unique startup. In the crypto space, usually companies are B2C (business to consumer), C2C (consumer to consumer, some say P2P), B2B (business to business).
ShuttleOne is in a very special category of G2B stands for Governments to Business. We service government linked entities to provide Defi solutions to the business communities of these countries. Usually our clients are businesses like ecommerce players, food and commodities traders that do cross border business and a variety of other SMEs around the region.
What this means is that, your liquidity that you will add to https://shuttleone.network/mainnet/ goes into supporting these businesses with us facilitated by the ShuttleOne.Network
Not just that, if you go to our Guides, https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/ you can see that this product is already running and generating revenue hence I believe investors should take a look at the token metrics and if you think that you want a stable, long term project to support SZO and ShuttleOne should be your choice!
💛Part 3: Free Asking (5 Best Question’s)
Question 1👇👇
K Meow Bán Fb:
What is the role of shuttleOne tokens in the network? Does the payment need to pay for shuttleOne? Do I need to pay for shuttleOne to send a message? In other words, what is the shuttle token appreciation logic?
Zhuang:
The SZO Tokens or ShuttleOne token, is a subscription token. whenever a user borrows a loan, do KYB/KYC< remittance or any thing that uses our smart contracts, they will have to pay in SZO. As you see from this transaction
https://twitter.com/shuttle_one/status/1326021086073352192?s=20
a US$100k loan was borrowed from the shuttleone network, and SZO is burnt and thats how SZO is being paid for and used within the system…..
Question 2👇👇
Tranquil:
✨Could you please elaborate more about your tokenomics? What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?
Zhuang:
ShuttleOne’s native token is the SZO token. The SZO token is a utility token that regulates incentivies and secures the network for token holders and suppliers of liquidity in the mining pool.
General Information
Token Supply — 230,000,000 SZO
Token Type — ERC20
Inflation — 5% a year or 11.5mil SZO per year.
the allocation of the tokens can be found here:
https://shuttleone.gitbook.io/step-by-step-guide-to-the-shuttleone-network/the-shuttleone-token/structure
Our token can be traded on Uniswap very soon. Please join our telegram group or follow us on twitter for the announcements coming shortly.
For liquidity suppliers, we are one of the highest paying interest rate of 10% at the moment on Dai, USDC and USDT both in the crypto space and also against banks.
Question 3👇👇
Võ Hiền:
What is your most ambitious goal of your project? We would appreciate it if you could share with us any Upcoming Updates?
Zhuang:
The most ambitious goal of ShuttleOne is to tokenize ALL the real world assets in the world!!
you can stay tune to these channels to really follow the developments coming up
https://t.me/shuttleone
www.medium.com/shuttleone
twitter.com/shuttle_one
Question 4 👇👇
Jeam Huỳnh:
Many new projects initially developed well but were suddenly abandoned. How will you manage your project to get your position on the market and become the best project in the blockchain world?
Zhuang:
Since inception, ShuttleOne has been a small team. We’ve been validated both in Singapore when we obtained not 1 but 2 grants from the central bank.
Globally, ShuttleOne equity investors include Maker, CMT Digital, Andromeda Capital and various angels in Singapore. Recently, Microsoft’s ex Director Charlie Songhurst who took over Yahoo and Skype also invested in us.
Going forward, ShuttleOne is looking to introduce innovative solutions that will attract more assets and liquidity into the ShuttleOne.Network.
We are working on tokenizing Oil now with a oil giant and this will be announced more in 2021.
For liquidity suppliers, we are one of the highest paying interest rate of 10% at the moment on Dai, USDC and USDT both in the crypto space and also against banks.
In 2021, we are looking to expand our coverage of real world assets on the blockchain.
If you folks follow our twitter (@shuttle_one) you will see an announcement on the 5th of October that the ShuttleOne token CAT for tokenizing real world assets are voted to be onboarded into the MakerDAO protocol.
This partnership will ensure that there is sufficient Dai liquidity to meet the demands for the business to be viable going forwards. We’re very grateful to the Maker community that they have voted us in.
In terms of buying demand, everytime a borrower wants to borrower capital, repay or check their credit scores the SZO token is used and burnt to ensure that the token appreciates in price.
So to ensure that, we want to invite users to participate in our liquidity pools at https://shuttleone.network/mainnet/
Question 5👇👇
Jessica ✿✿:
big problem for a lot of Defi projects seems to be that when farming starts, the price goes down because people unload to put liquidity into the farm. Will there be an incentive to hold and not just farm and dump?
Zhuang:
i think if you look and study closely and I hope you try to be a liquidity supplier on https://shuttleone.network/mainnet/
you will see a superior token model, we have real world clients which allows the burn of the token, WE DID NOT DO ANY ICO, so there’s no whales to dump on you.
Therefore the SZO token and the ShuttleOne project is a strong project for you
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
So awesome
Zhuang:
Lovely community tonight!
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
We are nearing the end of the AMA ShuttleOne session.
Do you have anything to say to us?
Zhuang:
I wanna thank the hosts for this lovely hour to speak to you folks on your community
If there are any more questions pls head over to our telegram or follow us on twitter!
Thank you and good night all! 🙏🙏🙏
Hoàng Ngọc Thạch 🇻🇳🇻🇳🇻🇳:
❤️ Can you post the link of your community telegram and your twitter?
I think he was busy. People can join their community Here! and this Twitter
📡Community ShuttleOne:
https://t.me/shuttleoneANN
Twitter: https://twitter.com/shuttle_one
Website: https://www.shuttleone.io/
💛MB BC BLOCKCHAIN Community Information:
Group telegram: https://t.me/Mbbcblockchaincrews
Channel telegram: https://t.me/MBBCBLOCKCHAINCHANNEL
Twitter: https://twitter.com/mbbcblockchain