AMA TRANSCRIPT JETCOIN
Q1. Can you please introduce yourself as well as Jetcoin?
Founder / CEO: Eric Alexandre
I’m an experienced creative director with a background in advertising and filmmaking. Since 2014, I became involved in blockchain and cryptocurrency. Before then, I had worked with many international brands in the past and I had shifted my creative consultancy (Ikon Media) toward helping projects in the blockchain space. I created Jetcoin with a focus on supporting emerging talents.
Q2. What are the advantages of Your project Jetcoin?
Jetcoin as a whole is a solution to financing emerging talents through crowdfunding, so they can pursue their dreams. For each talent, we create a limited series of NFTs and sell them on the marketplace. The funds raised are used to support talent’s financial needs.
JET NFT holders will then benefit first from the collectible value of the NFT, then the unique rewards it offers (such as dedicated merch), meet and greets, tickets for events, etc.
When the talent matures and he starts getting brand endorsements, a percentage of these revenues are converted into JET bought from exchanges and airdropped to JET NFT holders. JET NFTs are multimedia, interactive and their content can be updated in real time.
Q3. Please tell us about the goal you want to achieve in this year?
As of today, we have built up our solutions the JET engine and its own NFT viewer. Our store is live in Mintable and we have issued a great deal of limited edition NFTs from our previous club partnerships. We also created a test environment (Sandbox) where we create Jet NFTs on the ETH testnet (Rinkeby) to allow our partners to view the NFTs and make adjustments before going live on the mainnet.
Now our focus is on signing new partnerships with both clubs and talents.
Q4. Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?
My journey through the blockchain industry helped me learn a lot about the various emerging technologies available in the blockchain space. I decided at an early stage to focus on the branding of Jetcoin and for a while outsourced the work for building the Jetcoin solution to different IT and Tech companies. After developing several versions of an MVP with both marketplace and wallet app, I realized that too many resources were allocated to updating, security and customer service.
Then in 2019, I met with Zach Burks, founder of Mintable and shared my vision with him. He gave me great insight on what were the possibilities with NFT tech and how it could be leveraged. I realized that was the perfect solution to implement my business model, and I no longer had to create a new wallet or marketplace but instead could leverage Metamask and Mintable store. This way, I would focus on the creation and distribution of NFTs to support emerging talent.
CTO: Jay Vansadawala
Jay supervises the dev team and we have been working together since 2019 on developing the JET NFT solution.
Lead Dev: Mayur Kapadia
Mayur is a full stack developer with experience in Angular, Node.js, Vue.js and many other softwares.
Head of PR/ Cecilia
Cecilia has been working with Jetcoin since the beginning and she now runs her own successful PR agency and has been an asset to Jetcoin’s strategic global PR communication.
NFT Designer/ Dimas Pra
Dimas is a WPAP artist with his own design studio and has been designing JET NFT art with his unique style. Each design is composed of multiple layers from 30 to 70, making every JET NFT masterpiece of design work.
Q5. What is the role of coin in your ecosystem? Could you tell us a bit about the tokenomics of your project?
Our coin has several utilities:
Governance where coin holders are able to vote for the talents they want us to support. This give us a strong indication of the talent popularity with our community and limit the financial risk we are taking. If the demand is strong then we move forward. In other hand if the demand isn’t there, but the talent has a good fan base we can also decide to take the risk by communicating with the fan base and see if they respond, this way it helps growing the JET community.
Once talents matures , a percentage of their brand endorsements and merchandising revenues are distributed to the JET NFT of the talent holders. In order to do so we purchase JET token from the market and airdrop them into the wallets holding the NFT.
The talents fans and supporter are also able to purchase unique rewards from our pool of talents with JET at discounted price, compare to the market price.
And the following functions:
2% for JET wallet holders, meaning you receive extra JET just for holding them, motivating our community to hold
3% for Liquidity, meaning each transaction will add to the liquidity pool so on the top of the 80% locked LP tokens, this will help build strong liquidity for the JET token
1% for ongoing marketing activities
Q6. What are major milestone achieved so far and what are next 100 days plan?
As of today, we have built up our solutions the JET engine and its own NFT viewer. Our store is live in Mintable and we have issued a great deal of limited edition NFTs from our previous club partnerships. We also created a test environment (Sandbox) where we create Jet NFTs on the ETH testnet (Rinkeby) to allow our partners to view the NFTs and make adjustments before going live on the mainnet. Now our focus is on signing new partnerships with both clubs and talents.
Q7. Jetcoin wants to address challenges, ensuring that talents are properly supported. What kind of support does Jetcoin consider providing to talents? Apart from the economic, how will you support the talents?
We provide multiple layers of support. First we assess potential talents through our partnership with clubs. Jetcoin began its journey by collaborating with Italian and UK FC clubs, and one part of the collaboration is for the clubs to do a player evaluation and give a report.
If the report card is promising, then we create an exclusive series of NFT that are sold on the JET Store. Funds raised are then allocated for different needs such as lodging, equipment, personal trainers and more.
We also develop the talent’s image portfolio with our network of model / talent agencies. Through this, we help talents develop themselves to fulfil their dreams and careers.
Q8. I read that Jetcoin signed a jersey sponsorship deal with Huddersfield. Is Jetcoin somehow related with sports? What contribution can this sponsorship provide for the ecosystem of Jetcoin Institute.
Yes, we are the sleeve sponsor of Huddersfield for their FA cup game against Burnley. The game will be broadcasted live on Sky Sports across 38 countries with a reach of over 130 Million viewers. Jetcoin will remain with Huddersfield as a digital partner till the end of their season and be shown on their LED perimeter banners during their games.
This gives Jetcoin a great platform to grow its brand, and the chance to create exciting competitions around each game for our community to win limited edition NFTs with exclusive rewards such as VIP tickets for the game or signed shirts by the their favourite players etc. For the FA Cup game, 3 worn shirts during the game will be up for grabs.
Huddersfield has a fan base we will look to activate with our interactive NFT, with Jetcoin the club has an opportunity to monetise its digital fan base, here are their current followers:
Facebook 147,912 Followers : https://www.facebook.com/htafc/
Twitter: 222K Followers: https://twitter.com/htafc
Instagram: 255K Followers: https://www.instagram.com/htafc/
JETCOIN RELEVANT LINKS:
BSC SMART CONTRACT ADDRESS: https://bscscan.com/token/0xc5b43669a899c5da2a98b2bf8c9082d5e8d5ee0d
50% (20M) LOCKED TOKEN ADDRESS: https://bscscan.com/tx/0x40f3f446c75e3cd50696663731a6c29151b7b00b4ee2dd9c092063319af42012