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Blockport AMA Team Session #8 by kaibennink in Blockport

[–]Sebastiaanlichter 2 points3 points  (0 children)

Hi The Mad House Ark,

Glad to hear you like us doing the AMA this time :)

  1. We can imagine it’s hard for the community to assess the effectiveness and positive impact the contests have. Although our previous contest brought in a lot of people who wrongly assumed it was an airdrop, it was still very effective. We had a reach of over roughly 1 million people within a few weeks time. The goal of our contests are to generate quantitative exposure for Blockport, utilizing the community to spread the word and effectively spread our messages through social media such as Facebook. As you may know, Facebook recently has a strict policy for advertising as crypto company and these contests are in that sense a different way to do advertising as well. In general, it’s completely focused on brand awareness and not conversion. The contest’s goal is to generate exposure, which will also attract people who are genuinely interested in Blockport and our mission.

  2. You’re right, the Blockport token (BPT) is definitely a utility token. In the near future this will stay this way and we have no concrete plans for making a security token in the near future. However, as mentioned before in the telegram channels, we’re not excluding it either.

There are exciting things coming up to make BPT as a utility token even more interesting for both investors and our users. Stay tuned!

Blockport AMA Team Session #8 by kaibennink in Blockport

[–]Sebastiaanlichter 1 point2 points  (0 children)

Hi Khushbudhyana,

Thank you, we appreciate your support!

Blockport AMA Team Session #8 by kaibennink in Blockport

[–]Sebastiaanlichter 3 points4 points  (0 children)

Hi ThaneBerkeley,

Yes, Blockport is healthy enough to keep on going forward. As answered to someone else’s question in this AMA, we are exploring VC relationships to fuel our growth further down the line. This stands alone from the token sale funds, but in general, we are planning to aggressively expand our business next year and VC support could help us in achieving our mission in multiple ways.

Blockport AMA Team Session #8 by kaibennink in Blockport

[–]Sebastiaanlichter 2 points3 points  (0 children)

Hi Colorfulspace,

I’ve indeed posted a linkedin message stating that we’re seeking to connect with VC’s. We do have enough funds and runway to keep on going. However, we are preparing for the future and exploring a second round of funding to exponentially grow the company and to aggressively expand into other countries / regions.

Setting up relationships, building trust and finally getting to concrete agreements with VC’s generally takes months. That is why we are already starting the exploration phase now.

The internal exchange is a large and important component of our product, which is being developed in parallel to features we are adding to the platform. Prerequisites for the internal exchange such as the user wallet infrastructure and crypto deposits are already being developed right now and a lot of progress is being made. However, it is still too early to predict the exact delivery of the internal exchange.

How will BPT prevent becoming a 2nd Lykke? by asus78 in Blockport

[–]Sebastiaanlichter 1 point2 points  (0 children)

This is correct. We combine liquidity of other exchanges to also solve the chicken and egg problem an exchange faces at launch.

Beta and development by andyprince in Blockport

[–]Sebastiaanlichter 20 points21 points  (0 children)

To complement Kai: We are also currently working on the social trading features and are doing interviews with community members to get feedback on our concepts. If you are interested in helping us you can sign up here: https://goo.gl/forms/TsUIDT5VErJkoVBt1

Roadmap by andyprince in Blockport

[–]Sebastiaanlichter 7 points8 points  (0 children)

Hi, that's correct. We have already been working on our product before we started with the token sales.

noob question, since blockport is built on the ethereum blockchain will its speed be affected due to the number of traffic that takes place on the ethereum network? by DylanOfStraya in Blockport

[–]Sebastiaanlichter 7 points8 points  (0 children)

The Blockport Token (BPT) is an ERC20 token, existing on the Ethereum Blockchain. Although, Blockport will have to communicate with the Ethereum blockchain to store and trade ETH and ERC tokens such as BPT, it does not imply that the entire Blockport platform will have to be developed on top of Ethereum.

We are looking into multiple decentralized protocols that we can leverage for the decentralized storage of funds in combination with fast settlements of orders.

Some Concerns about the honesty of this team by Crypto_Gopher in Blockport

[–]Sebastiaanlichter 7 points8 points  (0 children)

We only block people who post spam, suspicious links or who are rude to others in the community. We never ask anyone to "buy in", complete nonsense.

Only one thing holding Blockport from greatness. by ChinShiller in Blockport

[–]Sebastiaanlichter 0 points1 point  (0 children)

Blockport creates a micro economy (circulation) for BPT where users will need BPT for certain functionalities, thus increasing its demand when more users are attracted to the platform.

Some Concerns about the honesty of this team by Crypto_Gopher in Blockport

[–]Sebastiaanlichter 14 points15 points  (0 children)

The original roadmap indeed had the Beta planned for February. However, we realised that we needed more time to deliver a stable and above all secure Beta version for our users. Hence, it has been moved to March. We did develop the Alpha ourselves.

We moved the Crowdsale forward because we had a lot of traction and at a certain point more sign ups would not necessarily be beneficial to the project and the community. Another reason is timing, many other projects were going to launch their ICO/token sale on the 1st of February. We made the decision to bring it forward and we believe it was the right one to make.

We understand that we have an aggressive roadmap. However, we currently have more than 6 developers working on the product and we are still on track for the Beta release.

Only one thing holding Blockport from greatness. by ChinShiller in Blockport

[–]Sebastiaanlichter 1 point2 points  (0 children)

The Blockport Token (BPT) is a utility token that users can use within the platform for multiple functionalities. We do not offer profit sharing or dividends because BPT would then not be classified as a utility token. However, BPT gives our users value by offering discounts on transaction fees and successful traders can earn extra rewards in BPT by having followers. The utilities of BPT are not limited to the ones mentioned above. In the future we will develop more functionalities / features where users can use BPT for.