Gate.io AMA with Polinate-A New Way to Connect Games, Guilds, Funding and Gamers

Time: Nov 8th, 2021, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Babar Shabir, CEO of Polinate and Azeem Khan, COO of Polinate in the Gate.io Exchange Community.
Official Website: https://www.polinate.io/
Twitter: https://twitter.com/polinate_io
Follow Polinate on Twitter and Telegram

Guest

Babar Shabir — CEO of Polinate

Q&A from Gate.io

Q1: Can you briefly introduce yourself as well as Polinate? and from where you get the project name? What does it mean to you? And why did you choose this name for your project? What is your mission and vision to build this project? What do you want to achieve through your project in future?

Babar: I’m Babar the CEO and Co-Founder of Polinate. I’ve been in the crypto space since 2017 helping a multitude of projects from concept to market.I have developed an extended network in the emerging technologies space creating vast exposure and links at governmental, corporate and professional levels. Some of these include guiding the FCA on regulations in the crypto space in the UK from 2018-2020, helping the expansion of large exchanges into the European market between 2018-2019 and helping projects turn their ideas into products.

The idea of Polinate was conceived in a discussion with Terra Virtua whilst we were discussing the discovery of creativity and we realised that everyone is so busy in the efforts of pushing out NFTs that there was no real solution in helping creativity thrive. There are multitudes of creatives out there with untapped potential just because they don’t have the social or financial capital shouldn’t be a barrier for anyone not to get a chance. However, we didn’t want to cap Polinate at only discovery of creativity and Azeem being from the entertainment and creative industry introduced the topic of the difficulties of people in the entertainment space and having rights to their IP, masters and so on and that’s when the concept of Polinate came together as a whole and became what it is today.

Azeem: Hello everyone, I’m Azeem. I am a co-founder and CCO of Polinate.

I got into the crypto space sort of as a joke back in 2014 when I tried launching Kim Coindashian. It ended up being the earliest precursor to mentions of Social Tokens to date and it definitely got me interested in the space. All I really did at the time was put up a landing page, get a logo made, and make a Twitter account. We got massive traction with the press getting coverage in Newsweek, CryptoCoin News, Daily Dot, The Escapist, and Crikey, among others. Since then I’ve been curious what the intersection of entertainment and crypto would look like.

Prior to all this I spent time in the sports and entertainment industry, mostly being around mostly hip hop people. I was a contributor with the Huffington Post for years and started to build great relationships in the space. Some of the people I interviewed were Mark Cuban, Big Sean, Bun B, Talib Kweli, Jermaine Dupri, TI, DJ Drama, and more.

Then I ran a web/mobile development shop for a year where we did work with Kanye West, Teyana Taylor, Rae Sremmurd, Bryson Tiller, and so on.

Spent some time after running an esports agency that was co-founded by an executive at Roc Nation, which is Jay Z’s sports and entertainment company. We were our own separate entity but got to partner with them.

Then for a year before this I spent time as the head of growth and partnerships at a mobile game company called Aglet, which is like Pokemon Go for sneakerheads. Been quite a journey to get to being here today.

Q2: Definitely! And how about the token itself… Can you talk about tokens? What are the benefits for investors in holding tokens ? What are the use cases?

Babar: The POLI token is an integral part of the ecosystem that allows users to enjoy its numerous benefits, participate in different functions, and earn rewards for participation. Its value accrues from providing a convenient and safe method of payment and settlement between different participants of the Polinate network.

The extent of reward depends on the value invested or the amount of POLI tokens staked in the ecosystem. The tokens are also used as economic incentives offered to encourage participants to contribute and maintain the network. It serves as a token for users to participate in activities to subsequently enjoy the perks, privileges, and memberships. In addition to this, the POLI token value also accrues from using it as a liquidity pair for pTKN.

The participants of Polinate like users and creators can also lock their tokens to access membership tiers and subsequently rewards pertaining to different tiers. It will facilitate token holders to gain early or limited access to different token pools for reward issuance as well as random airdrops from creators in the Polinate ecosystem.

POLI tokens are used for funding various projects and for the “Polinate Seeders Programme”. Participants of the Polinate ecosystem who stake digital assets, promote projects, or take part in the liquidity pools for funding projects are rewarded with POLI tokens depending on the user’s contribution. POLI token will also be used in our staking model where depending on the tier of membership within the social hive will depend on the perks you receive (Airdrops) and the level of raise you can participate in!

Q3: And how about what is to come? We’d love to hear a bit more about your upcoming roadmap. What key features are you developing?

Babar: Q3 - Platform V1 Launch - Completed

• Membership is live
• Liquidity Mining live
• V1 of Token as an Event platform launch
• Ability to distribute product to multiple addresses
• Ability to seed events

Q4 - Token as an Event V2 - In Progress

• Introduce multiple sales types
• Whitelist integration
• Campaign reputations score integration
• KYC/ID intergation
• Token as an Event V2

Q1 2022 - In Progress

• On Chain distribution
• On-Chain dispute resolution
• Curatable Campaigns platform
• Anybody can create, platform curates
  We’ve been working on Polinate for a while now and we will hopefully have a product not too far from the IDO itself, ensuring users can capitalize on what we’re building without having to wait months on end for a product to finally utilize the token itself.

Q4: Which feature of Polinate do you consider to be the most striking?

Azeem: To me, the most striking feature is how easy it is to use. The product is live now and it’s as simple as just going in and writing out an application for what you’re looking to launch.

Not needing to have any sort of bank account or permanent address makes all of this so much faster than anything else in the market right now. There are billions of people around the globe who are unbanked or underbanked. This serves them well. But this also works for people with massive followings too.

Also, as a project what’s amazing about this is the advisors and other people who are involved with it. There aren’t any other projects doing this in the authentic way that we are. If you take a look at our list we’ve got over 40 listed very credentialed advisors from the space with more to be listed soon.

All in all, it’s difficult to even say what the one most striking feature is because we’ve got so many good things happening.

Q5: Ok..Can you list 1-3 killer features of your project that makes it ahead of its competitors?

Azeem: Listing only 1-3 killer features for this project is a bit too easy.

First off, go look at other projects in this space and look through their list of advisors or people on their teams. No one will have anything close to the industry experience required to take part in making this project succeed. People who run record labels to others that are the VP of Entertainment at Fox are not easy people to come by, nor are they people typically even allowed to be part of these kinds of projects simply because their jobs don’t allow it. Well, our list of advisors is stacked to the wall because of the team’s experience and relationships.

Then is the technology itself. We’ve got world class builders on board with people like David Atkinson. The team we have behind us building out the product couldn’t really be better. While the product itself may seem simple it’s miles ahead of other people in the space using things like our Balancer for transactions. While it’s very much a Kickstarter like product, the supply and demand of creator tokens are quite like a DEX for each creative project, which is a brilliant approach if you think about it.

I was at NFT NYC last week listening to talks and meeting people. Can’t tell you how many times that I heard what we really need are good places for crowdfunding to start happening. From people like Gary Vee, Mike Novogratz, and even movie directors like Quentin Tarantino.

Last not but least, the people on our team are experienced builders and we’ve got a product out there. So many companies have coins that launch only to start building the product after. We’re in a position where we’ve done our first three raises already, successfully so at that, with multiple more to go. We came out at launch ready to let a product out into the wild.
Those are some killer features if there ever was any.