Telegram AMA Recap: Vero Farm
Time: 2PM UTC | Sep 24
Project name: Vero Farm
Host: Andrew from BSC Army
Guest speakers: Mr Lucid (@HoangAnhCuong) – CTO | Mr Jayz97 (@jayz2779:) – Game Designer
Segment 1: Introduction
Segment 2: Twitter’s questions
Segment 3: Live Q&A
Andrew: We will start this AMA session with the representative of a great name Vero Farm in a few minutes. Hope everyone will take a moment to monitor and evaluate the investment opportunity. You must follow the following channels in order to participate in AMA:
Join VeroFarm Telegram (https://t.me/VeroFarmGroup)
Join BSC Army Telegram (https://t.me/bscarmychannel)
Follow VeroFarm Twitter(https://twitter.com/VeroFarmGames)
Follow BSC Army Twitter(https://twitter.com/BARMY_Official)
Welcome to our guest Mr. Lucid – CTO of VeroFarm and Mr. Jay97 – Game Designer of VeroFarm. How do you feel today?
@jayz2779:: Hello everyone! Really glad to be here with you guys in this AMA
Lucid: Hello BSC Army, i am very happy to AMA with your community
Andrew: Great, it is such our pleasure to have you guys here today! ☺️
Andrew: I will tell you the rules of today’s AMA. We will have a total of 15 questions and are divided into 3 separate segments.
Segment 1: Introduction (5 question)
Segment 2: Twitter Questions (5 questions)
Segment 3: Live Q&A (5 questions)
Are you ready?
Andrew: Great, so let’s start!
@jayz2779: I’m very excited now
Segment 1: Introduction (5 questions)
1. Could you please introduce a little bit about yourself and VeroFarm?
@jayz2779: My name is Jayz, I am a Game Designer and also one of the BODs of the Vero Farm project. And here also have my colleagues: Mr. Robert Pham, CMO of Vero Farm, Mr. Lucid Hoang, CTO of Vero Farm.
First of all, I would like to take this opportunity to say thanks to you guys and BSCArmy leaders for giving us this chance to introduce ourselves and our Vero Farm project as well.
So let i introduce to you guys here about Vero Farm project:
Vero Farm is an NFT blockchain game inspired by traditional farm games inclusive of an expensive ecosystem that immerses players into the game world. Players can grow plants, raise animals, equip the farm and participate in battle modes to fight against monsters or other players to protect their own land. Vero Farm is suitable for all ages and genders, from experiencing the game Vero hope can bring blockchain technology closer to millions of users around the world.
Andrew: Wow, your introduction is quite detailed.
2. Could you tell me about your team members and what are their roles in your team?
@jayz2779: Let me introduce more about our team by this way
Our team consists of people with extensive experiences about the blockchain and cryptocurrencies industry from all over the world.
With this, Vero Farm has the advantage of diversity in thinking as well as better understanding of the markets from many countries.
Currently, Vero Farm’s team is lead by:
Mr. Devin Rummer, CEO of Vero Farm. He is a famous American actor and writer.
Mr. Robert Pham, CMO of Vero Farm
Mr. Lucid Hoang, CTO of Vero Farm
Andrew: Cool, we believe that VeroFarm will become successful with this experienced team 👏
@jayz2779: Yes, we believe that so
3. Strategic partner and backers is a key CRITERIA which investors look at a project to decide whether or not they will invest in. Who are they of VeroFarm?
@jayz2779: Yes, sure. This is also an important thing. Let i tell you more about them
We are supported by Ufin. This is one of the big Angel investors. And we did a collaboration deal with $5M from them
And we are got supported by some of biggest communities from Philippine and Russia and Indonesia as well
Andrew: It is such an impressive number. Numbers speak louder than words and we believe that many investors could see how hard you are trying to build VeraFarm.
@jayz2779: Yes, for sure. We are focusing more on the product that will bring real value to community
4. Could you please describe your tokenomic and what are the use cases of your token?
Lucid: More information: https://docs.verofarm.com/tokenomics/token-info
@jayz2779: Here you guys can see more information about our Tokenomics. And Vero Token is Governance token. It’s used for purchasing in-game items, pay for fee, trade in NFT marketplace etc as well
Andrew: Hi guys, who are interested to VeroFarm, please make a note to this tokenomic site. So, let’s move to the next question.
5. Marketing is always seen as a big problem in every project. So what is your plan to implement your marketing to make your project become more popular?
@jayz2779: Such a nice question. Right now, we are trying to get in touch with as many communities as possible to gain well-known.
By collaborating with more KOLs and communities, we will keep hosting AMAs to answer all of the community’s questions as well as bring our vision to players.
We understand that the value of the project mostly depends on its core structures and productivities, therefore, we are non-stop working to develop and improve the game also.
We believe that if the game is good enough, users will understand about us and recommend it to their friends or colleagues, and that is the most solid way to market!
Currently, Vero Farm is well-known from users all around the world through many campaigns we did in the last month.
With our Airdrop program as well as Whitelist contest, our Vero name has been spread wider and wider, making our communities exciting and increasing on social media channels day by day.
Last month, we had an Airdrop campaign and it attracted participants from 133 countries around the world. This figure we can show you more later
For now, with the Vero Staking Token program and upcoming Alpha Testnet announcement we also can feel the excitement from our users.
Andrew: I totally agree with this. Besides, core structures and productivities that a project could offer to their investors, the marketing aspect is also important, and VeroFarm is doing well at this side.
@jayz2779: We are trying and trying
Andrew: Now, we are moving to the second segment of our AMA
@jayz2779: Ya, great
Segment 2: Twitter questions (5 questions)
Andrew: At this segment, we chose 5 best questions from Twitter audiences for VeroFarm
6. After learning the whole development process, economic model, I believe that many friends are very interested in Vero’s future development direction and path. Could you tell us the short-term and long-term planning of Vero in detail?
@jayz2779: Wow! Thank you for your interest in the project and for have question about Vero Farm
In the short-term, the Vero Farm team is focusing on developing and completing the game. Currently we have completed the internal Testnet sections and are looking for users to join the Alpha Testnet.
Vero Farm is such a massive project with lots of different features and game modes, so the team is working on the setup piece by piece, and depending on the progress, we’ll finalize the exact game releasing date once all features are accomplished, or parallel release with the completion of new features in the future.
Upcoming on this 27th September, we will officially open the first sale of NFT seeds with limited quantity and preferential price. This will also be a premise to develop and expand NFT shop in the future together with Marketplace.
In the long-term, we hope to develop a complete ecosystem to support Vero Farm’s economy, we will continue to release the next versions like Vero Garden, Battle, Training with many features like NFT Marketplace, and many rewards and Tournaments in-game.
Andrew: That is such a detailed answer, and we are sure that, the investors are waiting for your upcoming events
@jayz2779: We also very exciting now
7. Investors are looking for short-term profits.They will sell the token as soon as it’s listed on the exchange.Does the project have any plans to prevent investors from selling tokens early?Do they get any benefit from holding $VERO token?
@jayz2779: Yes, sure. These problems will be happening in any project. We also not encourage buy Vero token because this just a part of our Vero Farm’s ecosystem
However, to prevent this, we also offers Defi mechanism: Staking and Farming that will encourage users to lock their tokens and provides liquidity for rewards, the launching of NFT marketplace will encourage users to hold more to get more rewards also
And don’t forget that we are mainly focusing on product development to bring more value to the community, not only the token value.
In addition, Vero’s ecosystem also has the main feature: Hold to Earn through Staking and Farming, which are also factors that build up the trust from players/ investors of holding VERO Token and this will help them make the right decision in holding Vero.
Andrew: The core value of the project will keep their investors in the long-term base.
8. Hack/cheat reward or trading on DEX is the most dangerous thing for investors/gamers and it could hurt the project a lot. What is the solution from the VeroFarm team to protect gamers’ assets?
@jayz2779: Yes, I totally agree with that.
Firstly, we understand this is the general situation of the market, and Vero Farm has chosen the safest and most transparent way to audit the project’s Smart contract. We have completed the audit by Techrate, which is a reputable auditing firm in the blockchain industry.
At the same time, we also started an audit with CertiK – this is the largest audit firm today and backed by Binance. Certik has audited many big projects such as PancakeSwap, Houbi, Bancor, Terra…
And the most important, we believe that Vero Farm has a strong enough tech team to prevent hackers.
Andrew: Cool, it is what the players are waiting for. It could help them to have a better playing experience
@jayz2779: And secure for them as well
9. If we aren’t able to buy a seed in the sale, what are the other ways to play the game? Will there be a temporary NFT in the shop for low capital investors?
@jayz2779: Currently, we have no temporary NFT, because the selling NFTs are limited edition, and you must repurchase them on the NFT marketplace from other users or wait until we release other versions of NFT
Andrew: Let’s move to the last question of segment 2.
10. Many games now use two tokens to avoid inflation,one main token to open new characters and one secondary token to be used as reward. VERO currently has only one token which is VERO.What will happen with VERO price if many people stack their reward and then sell VERO simultaneously?
@jayz2779: VERO is the main token, the Governance Token of In-Game Economy. VERO is used to pay fees and transactions and we have a balancing in-game economy mechanism, including fee collection, NFT transaction fee mechanism, and liquidity Defi mechanisms.
Our goal is to make the token more profitable circulation between seller and buyer.
In my opinion, cumulative users buying will not be much, and it won’t affect the overall market too much, assuming if all users do this, the market will adjust itself according to supply and demand. Don’t forget this is an open market mechanism.
We will focus more on game features development, encourage user’s growth, build engaging gameplay, create a circular token economy rather than focus on advising users how to invest, there still is risk but not that much.
Andrew: That’s really cool. So now, let’s move the last and the hardest segment of our AMA today
Segment 3: Live Q&A (5 questions)
1 What is your status regarding the audit of your smart contracts and security mechanisms to protect and assure the participants of the ecosystem?
@jayz2779: Chosen. We have completed an audit on Techrate, about Certik we are onboard now so you are able to check our status by following the link as well.
2. What is the meaning of the name of the project and why did you name it that way?
@jayz2779: Chosen. This question is very nice. The meaning of our project is that Vero is a beautiful girl with a pure heart, however she got unlucky in her life by family accident and she became orphaned. With the love of nature and farming, she came back and took care of her family farm and built it up. This is such a lovely thing that make us choose this storyline
3. Will the in-game value of NFT’s be determined by their in-game strength or rarity?
@jayz2779: Chosen. Yes. This NFT’s value will be determined by the rarity but this is just one of the reason only, there is still have some such as: market requirements, company marketing strategy, different rewards etc
4. Is Your Project available for the global people or It’s limited for some areas? If it’s globally available are you guys planning to introduce it globally?
@jayz2779: Chosen. We are open to globalization. It is not limited to anywhere. And we are welcome all to join our community and entertain our game as well
5. According to the roadmap, what are your most important next priorities? Does your team have enough funds and a strong community to achieve those milestones?
@jayz2779: Chosen. The most important upcoming event is 27th September. We are open for the first NFT seeds and this is a limited amount. We are have big Angel Investor is Ufin with the deal is $5M, so we are strongly confident that we have enough strength to move forward
Andrew: Congratulations on successfully completing the hardest part of each AMA session, which is interacting with investors and the questions they want to know.
And this is also the end of our AMA with VeroFarm today!
@jayz2779: And thanks for your questions guys. There are still many but we are unable to answer you all. So apologize for that. But however we still can keep in touch and i will able to answer your questions in private or in our official channel
Andrew: Hope that all of you guy could have a better understanding about VeroFarm
@jayz2779: Thanks for your support also!
Andrew: Thank you @jayz2779 for joining us. It is such our pleasure to have you here today to talk about VeroFarm. We will make a list of winners and have an official announcement soon
Up to now, Vero Farm has had outstanding growth with an ever-expanding ecosystem, promising to thrive in the near future.
Disclaimers: Writers’ opinions are solely their own, and do not constitute any financial advice, investment advice, or trading advice.
BSC Army strongly recommends that you do your own research, and seek professional advice from a financial advisor where appropriate.