Speaker : Landbox Team
Date : Thursday, May 20th, 2021
THERE IS 3 SESSION FOR AMA
2. QUESTION FROM TWTITTER
3. FREE ASKING
SESSION 1 ( INTRODUCTION )
Hello Etham welcome to our community, we are glad to be with you here.
Hi ID CRYPTO.
Thank you for being here.
Yes, Please introduce yourself and tell how you started a crypto business to the idcrypto community?
Hello. My name is Etham and I am marketing team at Landbox. I started as investor as most of you. The first Bitcoin that I bought was early 2017.
Since then, never left crypto world and now I am building a project as well.
Greetings to Etham.
Glad to be here.
Thank you very much, Can you explain what is Landbox and how long your project launch? Please explain in simple sentences.
Landbox is prop-tech project that focuses on Real estate auction system and community.
We launched our company in 2019 Q3. We started as very start-up and we actually started as real estate development company.
Then launched the Landbox project in 2020 2Q. Now, it has been one year ! Wow time is fast.
Wow, Landbox has been running for a long time, I hope that in the future the landbox will be even more successful.
Can you share with the community what LandBox has been doing from the roadmap ?
We finally launched our Auction OK beta service a month ago. We are planning to launch official 1.0 version in this summer. We also will launch Auction OK School as well in this year.
SESSION 2 ( QUESTION FROM TWTITTER )
Where is the base of your project location? Is it safe to invest in blockchain applied real estate?
We are located in South Korea. We are not directly investing into real estate. we are prop tech project that is part of real estate industry.
A lot of people mis understand the blockchain and real estate. We are utility token NOT STO.
well, already answered by Mr. Etham, I hope the community can understand.
I hope so.
Will there be any improvements or changes in your project ..? I wonder how to find out whether or not the auction will turn out ?
Yes. We are building better services as day goes. Its not finished product as most of start ups. We will adopt and develop as our users and the market needs.
Auction oK need a lot more development from now on. Eventually it should handle online real estate market place in the future.
The global world of information exchange and real estate investment has always been very traditionalist. What did Landbox see in the real estate world that encouraged you to build on this? What aspects of DeFi, besides security, enhance the real estate world within Landbox?
As I said already We are not directly investing into real estate. We are prop tech project that is part of real estate industry.
Especially focusing on Auction system and also knowledge sharing platform.
Actually the real estate is going to online as time goes. In the last five years, the amount invested in the global prop-tech has
increased up to ten times. According to the data released by the startup company Alliance since
October 2015, the number of startups that have obtained more than series A (around 1 billion
KRW) from the venture capitals has increased from 76 companies in October 2015 to 807 companies in September 2020.
Thanks for the detailed answer, Question 4.
The LandBox’s Business Model is based on a remote real state education platform and real estate investing platform, how do you plan to optimize the real states transactions in a smart-digital way incorporating blockchain?
Again, we are not using blockchain as real estate transactions. But Yes, blockchain is key for the trust in the Auction Platform.
“method for providing contactless real estate auction service using block chain.” The patent technology allows the encryption of auction bids and the storage and management of such information on a blockchain network, which prevents unauthorized manipulation of the bids entered online. By providing a contactless blockchain property platform, this technology also significantly eliminates the inconvenience of conventional auction system which requires bidders to be present at each bid site.
Right now issuing a token is a fairly simple process. However, building systems & ecosystems is the hardest part. My question is, how will the demand for tokens increase & how will this token be used in the ecosystem?
True. Building system is hard. We are still early stage and building actual eco system will take years. But we are ready for it.
Following is the token usage.
· Rewards in accordance with Auction OK’s inquiry/answer/curation/content sharing.
· Auction OK real estate expert service payment.
· As the platform currency, LAND Token may be paid by users to access third party projects which they have connected with on the platform
· Holders of LAND Token will be entitled to tiered membership benefits.
· LAND Token is accepted as the platform currency by the platform when a user accesses services available on the LANDBOX Platform, for example real estate brokerage, appraisal or information services.
Those are in our whitepaper. We are brainstorming more stuff for the future as well.
Maybe you can share your whitepaper here, so our community can read it.
Sure. The WhitePaper link
Thank you for the whitepaper.
SESSION 3 ( FREE ASKING )
Will the OK school launch auction be on a global scale or only for Korea? how to register and what are the requirements?
For now, we will launch only in Korea. We will expend to global when our service is ready. it will take a while imo.
how many tokens will you burn later? will it be burnt as a whole so that the tokens that have been stored in the user’s wallet also decrease, or burn the tokens that you still store and have not yet circulated?
We will burn what we buy back from the market, which is based on our company profit, thus, we do not know yet.
when we burn, we buy from the exchanges so users tokens will remain same. Thus, circulation will be decreased.
Can you get rid of our worries when data forgery or changes in online bidding?
This is exactly why we adopted blockchain into our platform. We already got Korea Patent for this. Please check article.
How is Landbox tokenomics distributed? How many tokens will be printed? And how many tokens will the team lock?
You can check on our whitepaper. All tokens are already minted and there will be no more tokens. And you can check all lock status at Xangle.
When the lock status changes we will announce on our twitter, medium, and Xangle as well.
Which of the DeFi, Staking, NFT and Dapps tools is your team currently spending more time on to take your project’s development to the next level? In the short term, will you have news about these areas?
We are focusing on NFT. We already have something called donation auction on our platform.
MORE DETAIL ABOUT Landbox