Grand Time AMA Session With BeInCrypto

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Grand Time AMA Session With BeInCrypto
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Grand Time is a blockchain-powered decentralized time ecosystem. BeInCrypto spoke with the CMO and COO of the challenge in an unique AMA session.

(This AMA has been edited for readability)

Today we welcome each Maxym (@maxym_sereda) and Rafael (@RafaelZeitunian) who’re CMO and COO of Grand Time, respectively.

COMMUNITY: Here is how issues will work. I’ll have some questions for them. Our chat will then be open so that you can drop your questions in order that they’ll choose up some questions out of all those you requested. Good luck to you all.

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BeInCrypto: Can you give us an intro to your skilled backgrounds?

Maxym: I’ve over eight years of expertise in advertising and marketing & product branding, over 4 years of crypto and blockchain expertise, and a number of other profitable entrepreneurial experiences.

I’m liable for Grand Time ecosystem branding, advertising and marketing and merchandise improvement. I’ve been within the Grand Time challenge for greater than 4 years, from the start. Currently, my companions and I are situated in Silicon Valley, California.

BeInCrypto: Can you briefly introduce the historical past of the challenge and what GRAND TIME is now? What drawback does it resolve?

Maxym and Rafael: So the concept behind the Grand Time got here to us 4 years in the past. We had been beforehand founders of a profitable house service start-up service firm in Chicago.

While we had been rising this firm we seen that the general public must work their asses off to generate income for a dwelling. There are lots of people who stay beneath the poverty line.

They lack monetary schooling and group help and, because of this, shouldn’t have methods to earn more money and luxuriate in life. At the identical time, we had been diving into the crypto and blockchain world.

We have determined to create a really particular challenge that may resolve these issues.

This is how we got here up with the Grand Time challenge that gives folks entry to a group of like-minded folks, one-on-one monetary Lectures for cryptocurrency fundamentals, and the power to carry out easy gigs on the platform to earn crypto & simply trade it for cash multi function platform.

Right now Grand time is a Web 3.0 community-driven crypto community with over 26k+ energetic customers from 88 international locations, 15% month-over-month natural development, and over $2M in Token Earnings for its group.

Hopefully, I used to be in a position to briefly introduce you to the historical past of Grand Time.

BeInCrypto: Can you introduce us to the merchandise the Grand Time ecosystem has launched and can launch sooner or later? Is there already a working product?

Maxym and Rafael: Grand Time is not only a single answer – it’s an unlimited ecosystem consisting of various decentralized merchandise empowered by Grand Token.

Six of them have been launched and actively utilized by our over 26,000 group members. We are continually bettering them for a greater person expertise. The different 4 are in improvement and shall be launched throughout the subsequent two years, in response to our challenge roadmap.Live merchandise:

Grand Social MiningGrand FacultyGrand PocketsGrand MessengerGrand Exchange PlatformGrand Launchpad Platform

Products within the improvement stage:

Grand DEX Exchange (Partnership)Grand NFT Marketplace (Partnership)Grand VR & AR Crypto FacultyGrand Terminal & Mainnet

You can discover extra particulars in our roadmap:

Or simply verify our whitepaper.

BeInCrypto: Can you clarify the tokenomics of the GRAND token?

Maxym and Rafael: Grand Token has revolutionary tokenomics with a every day restricted token provide. Let me attempt to completely clarify as it’s a very distinctive and necessary second to know:

Most of the tasks within the crypto ecosystem have a restricted provide. Some tasks concern 100 billion tokens in ten years, and a few concern one billion tokens at one time.

In Grand Time, we have now a special strategy. We worth our time and have compressed it. We have divided it into elements to be able to make it extra worthwhile.

On our platform, we will earn always: even the smallest a part of a day may be changed into tokens. Grand solely has a restricted provide for at some point.

We worth time a lot, that’s why the every day restrict is barely ten million. Every day, the restrict resets to zero, and every single day not more than 10 million Grands are produced. All unused & unmined Grand tokens shall be burned as a deflationary mechanism by our good contract routinely at 00:00 Greenwich Mean Time Zone every day.

Within 4 years, solely 720M+ tokens had been minted and earned as social mining rewards by platform customers and used for challenge operations, the remainder 13.6B tokens had been burned.

As the Grand person base and community scale, extra labor is required to earn one Grand Token. Grand mining rewards are lowered exponentially.

Let me share the illustration of our tokenomics and every day distribution for higher understanding:

BeInCrypto: Could you please inform us extra concerning the crew and a few of their backgrounds?

Maxym and Rafael: We have an in-house crew of 25 blockchain & crypto consultants with headquarters in 3 totally different international locations, together with the US and England.

Moreover, there are 80+ challenge volunteers who work on the challenge just for Grand Token rewards.

Our crew is absolutely doxxed, as we perceive doxxing will increase the belief stage of buyers & group.

Our whitepaper comprises sufficient details about our crew members and their position within the challenge and on our web site you’ll find details about primary crew members and their position within the challenge with hyperlinks to their social media channels.

By the best way, we have now a #1 blockchain knowledgeable Ian Scarffe lately joined our challenge as an advisor, and extra partnerships with high blockchain consultants are coming quickly.

BeInCrypto: Mining tasks often have weaknesses that miners solely will promote. How does “Grand Time” handle this drawback?

Also what different mechanisms and/or methods do you implement to offer stability and keep the fixed deflation of this token and worth development?

Maxym and Rafael: That’s an incredible query, let me attempt to cowl all options that the Grand Time crew has developed.

First of all let me remind you that we have now a restricted every day token provide out there per day and with extra customers, on the platform, it requires extra labor to earn one Grand Token and mining rewards are lowered exponentially.

All unused and unearned tokens are burned every day as a deflationary mechanism.

Moreover, the Grand token has tons of utilities and is a reference forex for the fairness move in the entire ecosystem and is actively utilized in all merchandise, which can considerably lower the variety of tokens that shall be bought on exchanges and because of this much less volatility.

Our staking applications are distinctive as nicely.

Depending on the miner stage and the variety of earnings, they’ll carry out mining duties solely by staking a specific amount of Grand Tokens of their platform wallets.

Finally, we have now particularly developed a “Mined Tokens Exchange Program” that provides again a % of challenge earnings again to the group by exchanging their mined tokens for different cryptos (USDT, ETH, Matic, BTC)  within the platform with out shifting it on-chain  & promoting it on exterior exchanges.

Furthermore, GRAND Exchange Program works that approach, that it burns all deposited Grand tokens as a deflationary mechanism as nicely. Let me show it within the infographic that we have now designed:

BeInCrypto: Does the Grand Time crew take part in crypto occasions & conferences?

Maxym and Rafael: Absolutely. Our founding crew tries to take part in all crypto and blockchain world occasions, selling Grand Token and partnering with totally different VC funds, buyers, and well-known crypto bloggers, and networking with different crypto tasks to convey extra worth to our challenge and group.

Let me share photographs from the couple of latest conferences within the USA that we have now simply attended:

BeInCrypto: How can I buy Grand tokens? What is the present worth?

Maxym and Rafael: You can take part in our Grand Token Pre-Sale on the Grand Time Launchpad platform and develop into an early investor. Here is the hyperlink.

The present energetic part is nineteen out of 201 with a $0.0027 worth per 1 Grand Token. The worth will improve with each part till it reaches $0.11 within the final part. 

When the sale is accomplished, Grand Token shall be listed on widespread crypto exchanges for the worth of $0.11 per 1 Grand Token.

Here is the hyperlink to the video that explains the entire Grand token sale course of.

Community: Can you give an summary of your tokenomics and the utility token?

Maxym and Rafael: Here is the hyperlink to our defined tokenomics.

Community: Is the challenge’s group just for English-speaking international locations or can folks talking different languages be part of too?

Maxym and Rafael: We have customers from over 88 international locations that talk totally different languages. And sure, we have now many teams that talk totally different languages and I’m positive by becoming a member of, you’ll folks that talk your language too

Community: I see that the Grand NFT market is beneath improvement proper now. What does Grand Time suppose the way forward for NFT holds?

What potential does the NFT market maintain that Grand Time crew needs to raise?

Maxym and Rafael: The Grand NFT Marketplace would be the most revolutionary NFT platform on the planet, as will probably be the primary NFT market backed by time itself.

One of the primary benefits of the Grand NFT Marketplace is that it permits members of the Grand Time group to commerce, mint, and trade three various kinds of Non-Fungible Tokens

NFTs Representing the Blockchain-Enabled Decentralized TimeSocial Mining NFTsPersonal NFTs

By making the method of minting NFTs as straightforward as doable, we need to give again to the group and assist novices get their first NFTs.

Furthermore, the Grand Time NFT Marketplace will incentivize ecological tasks to avoid wasting the ecosystem of our planet.

Community: What are the ways in which generate earnings/income to keep up your challenge? What is its income mannequin? How can it make a win-win for each buyers and your challenge?

Maxym and Rafael: Great query. For the revenue technology, let me share couple of slides from our whitepaper explaining this:

And right here is how the group advantages from this. We give a % of our earnings again to the group.

For all the newest information about Grand Time listed here are the official group pages:

Twitter | LinkedIn | Medium | Telegram | Facebook | Instagram

Disclaimer

All the knowledge contained on our web site is revealed in good religion and for normal info functions solely. Any motion the reader takes upon the knowledge discovered on our web site is strictly at their very own threat.



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