We would like to express our gratitude towards those who joined the AMA on 1st Aug 2022 in the Infinite Launch Telegram group. We appreciate all your support. This is a recap of the entire session, in case you missed it!
Our AMA with inSHAPE comprises of 3 main sections:
1. 5 basic questions from the host to give a brief introduction about the project.
2. 4 questions from community members on Twitter.
3. Live AMA: 4 random questions from our community.
1st Segment: QUESTIONS FROM HOST
Q1. Could you please tell us a little bit about yourself and your team? What are your past experiences?
I’m Laurentiu Mutu, Co-Founder & CEO, I have 12 years experience in the software industry. I've been passionate and deeply involved in Crypto since 2016, I was fortunate to join and learn about this market during the last Bull Run. Since then I have built a solid portfolio, influence, and great connections in the field.
My friend and associate, Alec Macri, Co-Founder & COO, has more than 25 years of experience in marketing, creative entrepreneurship and business development, including blockchain projects.
We worked together previously at some successful projects (Licitez.net, Ofertesuper.ro, Betmania.ro, Bare Turtle.com, Humans.ai etc).
With us is a dedicated team of 26 engineers, marketing specialists, product designers, social media content providers and sports trainers, with 31 years of combined blockchain experience.
Currently 7 members of our extended team are working full-time, 9 members are working part-time, and 11 more are paid according to a task rate - their tasks relate to social media content writing & visual, editing, advertising, promotion etc.
All of our team members are professionals. For example, Cosmin Neculau, our CTO, was software architect at BearingPoint, Bryan Okafor an former system sales engineer at Honeywell.
Ioana Turic – was senior Java Developer at Orange, Vlad Zlate, former multimedia specialist at Humans.ai
Stere Farmache was the General Manager of the Bucharest Stock Exchange (BVB) for almost 15 years (1995 - 2009) and President/Member of the BSE Board 2007 -2012 / 2012-2016.
and the list can go on…
Q2. Let’s give the audience a brief description of what inShape is? How did you come up with the idea of InShape? Is it influenced by any special moment or story?
inSHAPE is the Ultimate Move to Earn app, a lifestyle app on the BSC ecosystem with a combination of GameFi elements which aims to solve real problems in the M2E Ecosystem.
We are addressing especially for the users who want or seek rewards based on their exercise time, and also want/seek tokens with improved utility, one that goes beyond the blockchain.
Every member of our team does a lot of exercise, which is one of the things that brought us together on this project.
Therefore, it's easy to understand why we wanted to offer more to the sports enthusiasts, to pay more attention to details. And it took time and money, as you cannot deliver something that lasts in just 3-4 months of work.
For instance, we, at inSHAPE, were not happy with the idea of offering users NFT sneakers for money and then making them work out only 10 minutes a day!
With inSHAPE, users can use our own currency, SHAPE, which they produce with their sweat, to purchase, upgrade, mint, and repair the NFTs.
And there are more things that we have developed differently from other M2E projects currently on the market... that is why we can say that we are unique.
Q3. Could you share with us the current development stage of inShape?
We are currently working hard on the Beta version of the app which will be ready in October this year.
Here is a short presentation of how our app will look.
The Beta version of the app will be available only for the investors and mainnet will be available for all users. The mainnet app will be available in December 2022 or January 2023.
Q4. What are the competitive advantages of InShape compared to its competitors? How do you plan to differentiate InShape?
inSHAPE App is one step ahead of other competitors because:
1. In addition to rewarding steps and running, our app also offers SHAPE token specific rewards for 4 other different sports - tennis, basketball, soccer and gym. And we're also preparing to reward 6 other sports: hiking, volleyball, handball, baseball, rugby and table tennis.
2. Discount codes for Products and services outside the blockchain world available on the App's Marketplace can be bought exclusively with SHAPE tokens at absolutely special prices.
3. The SHAPE tokens can also be used to buy a limited series of special NFTs, called inSHAPE Wild Cards. Due to these NFTs, holders can make up to thirty times more money for the same physical effort per day or per month...
4. Our NFTs supply is limited at only one thousand five hundred NFTs per each type of sport. This significantly increases the SHAPE tokens' utility.
5. Another advantage the inSHAPE App has over... StepN for instance… is that our project is based on a single digital coin only, not two. The NFTs can only be purchased, minted and upgraded with SHAPE tokens. Moreover, using only one crypto currency means that the tokens will be burned faster and this will increase SHAPE tokens' price even more.
Q5. Please provide a detailed overview of your token, what are its use cases and tokenomics?
The Max Supply of tokens is fixed at 1,000,000,000 tokens with 70% allocation for mining in the next 5 years minimum.
Max 140,000,000 of tokens can be mined every year for the next 5 years minimum. All 1-year tokens will be split in 365 blocks, each with 383,561 of tokens rewards.
You can find our tokenomics on https://inshape.app/#tokenomics
About utility, SHAPE tokens can be used to purchase discount codes for exclusive offers/services or NFTs available on inSHAPE App marketplace, transferred to exchanges/wallets on BEP20 network, exchanged for other cryptocurrencies or kept for staking.
Also, SHAPE tokens can be used to buy, to mint, to repair or to level up the inSHAPE Wild Card NFTs, in order to make more money for the same physical effort.
inSHAPE WildCards are special NFTs which can be minted or purchased with SHAPE tokens by the active crypto enthusiasts willing to make up to 30 times more money for the same workout time.
100% of the SHAPE tokens that will be collected from users in exchange for their acquisitions of significant discounts from our Marketplace partners or for NFTs minting, will be burned in order to allow more growth for investors.
2nd Segment: QUESTIONS FROM TWITTER
Q1. When will people start making money with the app and how much exactly?
A community of around 300 believers who have invested $120,000 so far in the Pre-seed round in our project and those who invest in the IDO and IEO round will start earning money using this application, it's not long until then... :)
All the people who have invested at least $100 in our project will be able to produce up to 150 SHAPE/month.
Those who own enough tokens to buy 1 NFT inSHAPE Wild Card, will be able to produce up to 990 SHAPE/month with no upgrade.
Those who upgrade the NFT can go up to much higher amounts, up to 30 times more money per day or per month. It all depends on the daily physical effort of each individual.
Q2. Do you have some special IDO promotions for the Infinite Launch community/investors?
Yes, of course, and we are excited to share with the TrustFI community these special gifts.
So, all the investors who invest minimum $100 in SHAPE tokens at the IDO get:
> 1-Year Free access to the Beta version of the App (worth $60)
> Plus, very important too, a double amount of the SHAPE tokens originally purchased.
Getting a double amount of the tokens originally purchased applies only to the investors who block the tokens for additional 6 months, starting with the moment they get 100% of the tokens they purchased. However, if they decide to exchange them, a 75% penalty applies.
Q3. On your website you don't mention that you have done any internal or external audit of your smart contract, so can you give us details if you have done any audit before? And in case you haven't, would you plan to perform any review of your smart contract in the near future?
We did our smart contract audit with Verichains.
Q4. Marketing is at the heart of every project, so it's important to let people know its potential. What is #inSHAPE strategy to attract new users and investors to your platform and retain them for the long term?
We know that marketing is the heart of every project. We have prepared Marketing/PR activities and channels:
- AMA on Telegram
- Influencer marketing (from blockchain and from the fitness industry).
- App Store Ads.
- Press releases (PR)
- Email marketing
- Apply for app awards.
- Guerrilla marketing tactics.
We plan to launch an ambassador program for users working in the fitness industry to promote our project. If you are interested in applying, please join our Telegram Group and ask for more information.
There is a guarantee the price won't tumble because of token utility. People will need their SHAPE tokens for the necessary upgrades, to go to the next level, to make more money etc.
We rely primarily on the fact that we only have one currency and that the SHAPE token is going to be difficult to produce. That's why there won't be very many SHAPE tokens on the market at the beginning.
Q5. If someone has to choose from 5 Move-to-Earn apps to their phone, do you think inSHAPE App would be one of them? Why?
We will definitely be there because people who really do sports want to be rewarded for their effort without being FORCED to buy an NFT for it.
Also investors and users want tokens as rare as possible, a cryptocurrency with a max or total supply as low as possible, and we, because we burn ONE COIN, can provide that.
Also, people want tokens that can be used for more than trading them back and forth, tokens that are useful outside the blockchain system as well.
For example, tokens that allow them to purchase sports equipment, a stay, a phone or, why not?, a car at more affordable prices. SHAPE will accomplish this through its network of partners on the marketplace.
3rd Segment: QUESTIONS FROM GROUP
Q1. Is your project a community only for English speaking countries or for users not of other languages?
For the moment our Telegram Community is only in English.
With the launch of the beta app, we will also create groups for local communities. The app will be available to everyone. Please join our Telegram Group to see all updates.
Q2. Where can I get all the latest news about ? Do you have a Twitter/Telegram/Discord community? If yes can you share the link here because there are a lot of fake telegram/twitter groups?
These are our official links:
📹 Demo Video: https://www.youtube.com/watch?v=Bi3Su6sJaT0
🌎 Website: https://inshape.app
📌 Twitter: https://twitter.com/inshapeapp
📎 Whitepaper: https://inshape.app/whitepaper-inSHAPE.pdf
👥 Telegram Group: https://t.me/inshapeapp/
🗣 Telegram Channel: https://t.me/inshapeannouncement
✍️ Medium: https://inshape.medium.com/
💼 LinkedIn: https://linkedin.com/company/inshapeapp
Q3. I want to invest in this project. Where can I currently buy your token?
Our IDO round will end on August 10th, 2022 and we will list on CEX/DEX on August 14th, 2022.
You can buy from Infinite Launch launchpad on August 4/7, 2022 or when we will list on exchanges. Please join our Telegram Group to see all updates about the listing.
Q4. When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future?
We are in discussions with Gate.io for IEO and list on DEX on August 14th, 2022. More CEX will come soon.
Q5. Does your project support staking program? If yes, how does your stake system work? What is the requirement for users if they want to stake in your platform?
After listing we will give investors the chance to double their SHAPE tokens if they don't sell for the next 6 months from TGE. For those who don't want to wait 6 months, we will create a farm pool after TGE with 15% APY.
InSHAPE social channels:
Telegram community: https://t.me/inshapeapp/
Telegram announcements: https://t.me/inshapeannouncement