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would your own blockchain be much more successful for you ? or not ?
As of today, we do not have plants to launch our network and tools. Ethereum is the most proven platform for blockchain development. Contrary to the popular opinion, solutions based on Ethereum do not hit performance bottlenecks until late in the adoption cycle. Choosing between developing a secondary and lesser quality infrastructure and utilizing Ethereum we chose the latter. It is giving us everything we need to make Hyperloot a protocol standard for clearing & settlement. Do you have plans for your own blockchain ? We might look into it later, but for now we are satisfied with Ethereum network and off-chain colutions. There's no need to create an extra infrastructure for us. Somebody will be able to create game assets, using the block chain other than Ethereum? At a certain point, there's currently no need for that, but as prospective solutions emerge we will act on adopting them. If you have any particular suggestions of what we should look into, I'd be happy to hear them! |
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The idea is interesting and clear. But how successful are things with game development partners? Are there many interested developers in your product?
Hi, we have a pool of prospective partners we are in discussion with. It's a part of my everyday job to talk to developers and I do have a certain degree of positive response. In the end, we're giving people an unreachable type of high-paying player through our betting products. It's an entirely new concept and there is no way to buy or adopt thios audience otherwise. That being said, it is an uphill battle, we can't just knock on the door of EA and rell them to go and adapt our product. It will take a while. Luckily, our emission and adoption models are designed to fit, so we don;t have to rush thing product or partner-wise. Our team is certain we will meet adoption and emission targets as planned. We'ol share some ewxtremely exciting partnerships and news in the next couple of weeks so stay tuned! I'd be happy to discuss it further. |
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would your own blockchain be much more successful for you ? or not ?
As of today, we do not have plants to launch our network and tools. Ethereum is the most proven platform for blockchain development. Contrary to the popular opinion, solutions based on Ethereum do not hit performance bottlenecks until late in the adoption cycle. Choosing between developing a secondary and lesser quality infrastructure and utilizing Ethereum we chose the latter. It is giving us everything we need to make Hyperloot a protocol standard for clearing & settlement. Do you have plans for your own blockchain ? We might look into it later, but for now we are satisfied with Ethereum network and off-chain colutions. There's no need to create an extra infrastructure for us. |
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How are tokens sent to the DAO allocated?
Non-profit DAO registered in Estonia is the owner of tokens generated to finance DAO operations. Foundation makes decisions which HLT to sell for BTC/ETH or other currencies, and how much to leave on the balance sheet. DAO can use these funds to pay for the value added work created by DAO participants. All of the daily emission by smart contract is divided between the master node owners, the DAO and the investment fund. 40% is divided between master node owners relatively to the amount of HLTM held. 30% is sent to the investment fund and 30% is sent to the DAO in order to fund the operations. |
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Why is the new income from trading and emission compensates for the loss in trade lootboxes?
We are sure that giving access to the trading platform will increase both retention and engagement as well as the number of players easily attracted to a game. Lootboxes will continue to be sold but new types of revenue will exist. |
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What products does your project have ?
Hyperloot solution consists of a: 1. protocol a set of blockchain smart contracts, Backend and frontend solutions providing business logic for issuing, distributing and trading crypto-backed in-game assets for any game. 2. wallet a wallet with a simple UX aimed at increasing adoption among gamers. It is made to make asset transfer as simple as possible. 3. P2P marketplace a web-based environment to catalogue, exchange or sell items. 4. Esports portal a news feed and platform for esports events. News from the community and media partners. 5. betting solution - a product allowing using in-game items for esports betting. This is the current set of products in development. We will update the set as we move on. |
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would your own blockchain be much more successful for you ? or not ?
As of today, we do not have plants to launch our network and tools. Ethereum is the most proven platform for blockchain development. Contrary to the popular opinion, solutions based on Ethereum do not hit performance bottlenecks until late in the adoption cycle. Choosing between developing a secondary and lesser quality infrastructure and utilizing Ethereum we chose the latter. It is giving us everything we need to make Hyperloot a protocol standard for clearing & settlement. |
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is it right that I won't be able to instantly sell tokens on the open market.?
Vesting means that you will not be able to instantly sell the tokens on the open market. Although you will see the transaction on Etherscan and you will be able to confirm the receipt of the pre-agreed number. However, the vesting terms are case-dependant. |
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I read an interesting article, and in General, in fact only 1% of such projects are successful, you certainly have a cool model, team, but what do you think can negatively affect your project ? and what little things can slow you down ??
Hey, as any company we have a level of uncertainty to deal with. There's a basic layout of risks that we put into 6 categories: 1. Adoption by large publishers. Large publishers may decide to never adopt our technology as providing true private property rights may spark the fear of losing revenues and profits. At the same time gamers may get so used to status quo and so addicted and powerless that nothing will happened short term. Although we believe that long term customer needs for property rights will be satisfied, this may take substantially more time then market estimates. 2. Certain legal risks related to inability to property secure required licenses, as we operate at the cross road of financial services (money transmitter, banking, brokerage) or gambling licenses, risks related to token emission or general operational risks related to absence or weak legal expertise that needs to cover a very wide area from KYC/AML to gambling laws. We are in a process of obtaining full licensing. 3. Technological risks, a certain set of technological advances is related to our project development so one things is the inability to deliver on them e.g scale. However, we do have a competent team and are working on acquiring top advisers. 4. Customer risks are related to our inability to accurately judge or change our products as the needs of our customers change. As we are at the cross roads of gaming, gambling and fintech, customer segmentation and deep understanding is critical to our survival. However, we already managed to create a starter-community. 5. Competitive risks, we have very large companies that operate in the gaming and gambling space, some have unlimited resources. If they decide to attack our products or services they have unlimited resources to do so, which posses great risk so to us. This is soimething we just have to power through and we do have a competitive go-to-market strrategy in place. 6. Execution risks, related to our ability to successfully execute our strategy. Additionally we are flat org structure and distributed, these provides us with benefits but also with additional complexities in executing our go to market plans at the moment you have any difficulties with one of these categories ? Hey, we've done an extensive research on the legislation part and are acively obtaining licenses, so legal risks are so far not an issue. As I mentioned our go-to-market is laid outr and we're working on partnerships. In terms of the team and technology there are no bottlenecks, on the flipside, there's a lot of developers wishing to join us. I wouldn't that as a product company we're lkacking anything. I'm super excited about our advisers, but can;'t really say anything just yet! Why can't DAO pay in Fiat ? The DAO utilizes the tokens it holds as a development fund. They are meant to be spent for the development of our product stack. We are not a traditional fiat company and are not holding fiat for the most part. We are strong believers in crypto and are sure that this way of self-funding is the eappropriate approach. |
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Good afternoon dear team, explain why only selected (whitelisted) group of qualified or accredited investors can participate in the
first round ?
Hi, because we do not do an ICO, we only acquire investment from competent funds and are not selling off a major part of token supply. Essentially,. if one wants to buy tokens directly from the DAO - the deal needs to be properly fulfilled. |
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I read an interesting article, and in General, in fact only 1% of such projects are successful, you certainly have a cool model, team, but what do you think can negatively affect your project ? and what little things can slow you down ??
Hey, as any company we have a level of uncertainty to deal with. There's a basic layout of risks that we put into 6 categories: 1. Adoption by large publishers. Large publishers may decide to never adopt our technology as providing true private property rights may spark the fear of losing revenues and profits. At the same time gamers may get so used to status quo and so addicted and powerless that nothing will happened short term. Although we believe that long term customer needs for property rights will be satisfied, this may take substantially more time then market estimates. 2. Certain legal risks related to inability to property secure required licenses, as we operate at the cross road of financial services (money transmitter, banking, brokerage) or gambling licenses, risks related to token emission or general operational risks related to absence or weak legal expertise that needs to cover a very wide area from KYC/AML to gambling laws. We are in a process of obtaining full licensing. 3. Technological risks, a certain set of technological advances is related to our project development so one things is the inability to deliver on them e.g scale. However, we do have a competent team and are working on acquiring top advisers. 4. Customer risks are related to our inability to accurately judge or change our products as the needs of our customers change. As we are at the cross roads of gaming, gambling and fintech, customer segmentation and deep understanding is critical to our survival. However, we already managed to create a starter-community. 5. Competitive risks, we have very large companies that operate in the gaming and gambling space, some have unlimited resources. If they decide to attack our products or services they have unlimited resources to do so, which posses great risk so to us. This is soimething we just have to power through and we do have a competitive go-to-market strrategy in place. 6. Execution risks, related to our ability to successfully execute our strategy. Additionally we are flat org structure and distributed, these provides us with benefits but also with additional complexities in executing our go to market plans at the moment you have any difficulties with one of these categories ? Hey, we've done an extensive research on the legislation part and are acively obtaining licenses, so legal risks are so far not an issue. As I mentioned our go-to-market is laid outr and we're working on partnerships. In terms of the team and technology there are no bottlenecks, on the flipside, there's a lot of developers wishing to join us. I wouldn't that as a product company we're lkacking anything. I'm super excited about our advisers, but can;'t really say anything just yet! |
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Hey, guys, any evidence that you're not another Scam?
Link to you store?
Hi, I'm not even sure how the definiton of scam in crypto space can apply to us. We're not doing an ICO so we can't scam minor investors out of their money. There's no ambition of gathering millions of dollars under promises of something. We are delivering our products on schedule and are a product company working on a new way to monetize games. There's nothing convoluted about our business strategies or plans. We're very transparent and open with what we do - you can come chat with us at our discord server: https://discord.gg/qEH8PHk or check our github to see what we're up to: https://github.com/HyperLootProtocol. I'm always here to answer questions and will be happy to provide any proof further required. Ok, what security methods will you use in your wallet, is it safe? What if someone wants to steal my tokens or items? Hey, it is secure to the best practices on the market. It does include everything you expect from a wallet and packs it into a user-friendly onboarding process. However, as you know, the most insecure part of crypto wallets is a user. If you abide by the general recommendations, keep your keys safe, backed up and offline - you will be just fine. We employ proven tech, in case of our prototype, from Trust wallet, so we're not reinventing the wheel, but using the best out there to ensure safety and ease of use. |
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Hey, guys, any evidence that you're not another Scam?
Link to you store?
Hi, I'm not even sure how the definiton of scam in crypto space can apply to us. We're not doing an ICO so we can't scam minor investors out of their money. There's no ambition of gathering millions of dollars under promises of something. We are delivering our products on schedule and are a product company working on a new way to monetize games. There's nothing convoluted about our business strategies or plans. We're very transparent and open with what we do - you can come chat with us at our discord server: https://discord.gg/qEH8PHk or check our github to see what we're up to: https://github.com/HyperLootProtocol. I'm always here to answer questions and will be happy to provide any proof further required. |
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Hi guys!
I see you are using the eth network, but did you have plans on starting your own blockchain?
Hyperloot is an open source infrastructure layers on top of Ethereum. We look forward to the upcoming Ethereum scaling solutions like sharding, casper and plasma. As of today, we do not have plans to launch our own blockchain as we trust Ethereum network and tools. At the same time we building our infrastructure as blockchain agnostic so we can have our options if we hit a bottleneck. |
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I read an interesting article, and in General, in fact only 1% of such projects are successful, you certainly have a cool model, team, but what do you think can negatively affect your project ? and what little things can slow you down ??
Hey, as any company we have a level of uncertainty to deal with. There's a basic layout of risks that we put into 6 categories: 1. Adoption by large publishers. Large publishers may decide to never adopt our technology as providing true private property rights may spark the fear of losing revenues and profits. At the same time gamers may get so used to status quo and so addicted and powerless that nothing will happened short term. Although we believe that long term customer needs for property rights will be satisfied, this may take substantially more time then market estimates. 2. Certain legal risks related to inability to property secure required licenses, as we operate at the cross road of financial services (money transmitter, banking, brokerage) or gambling licenses, risks related to token emission or general operational risks related to absence or weak legal expertise that needs to cover a very wide area from KYC/AML to gambling laws. We are in a process of obtaining full licensing. 3. Technological risks, a certain set of technological advances is related to our project development so one things is the inability to deliver on them e.g scale. However, we do have a competent team and are working on acquiring top advisers. 4. Customer risks are related to our inability to accurately judge or change our products as the needs of our customers change. As we are at the cross roads of gaming, gambling and fintech, customer segmentation and deep understanding is critical to our survival. However, we already managed to create a starter-community. 5. Competitive risks, we have very large companies that operate in the gaming and gambling space, some have unlimited resources. If they decide to attack our products or services they have unlimited resources to do so, which posses great risk so to us. This is soimething we just have to power through and we do have a competitive go-to-market strrategy in place. 6. Execution risks, related to our ability to successfully execute our strategy. Additionally we are flat org structure and distributed, these provides us with benefits but also with additional complexities in executing our go to market plans |
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Esports is the way to adoption i feel. so if hyperloot protocol can achieve this they will see massive growth and allow other cryptos to grow as well. Hyperloot protocol also offers users ownership over their assests that they would earn in games that they used. I believe the Hyperloot team and their vision is what need to propel e sports into the crypto world.
Hi, thank you! We feel esports is a really fitting place. For our team, and me also, being in gamedev and knowing the struggle, it's really what we know, analyzed and tried that defines our approach. |
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How exactly does the lack of ICO make the project more legitmate and secure ?
Hey, well the things is that an ICO is a mechanic to uphold the token price and fund development, but it makes for up for a lot of issues starting with full pre-mine: essentially saying you get all your currency out there only to sell a vast amount off. That makes for a second issue - if you sell so much it means there's no real need for the whole emitted amount which is fine on it's own. However, that means that adoption cycle will be incredibly long (if it's not some sort of currency). And it salso creates a situation where a lot of tokens can be held in a centralized manner, not even mentioning that team remains with a large amount of tokens at their disposal. We avoid all of that? our tokens are fair game for everyone participating in our DAO and our team is decentralized fromt he get-go. Oh and one more thing - we do not let minor investors pout their money in, avoiding a pump and dumpo where someone might get hurt. Hey there, well I wouldn't say it is failing. Just ssome overpriced things are getting back to normal. If you have been in the market for a while, you know that's not the first time and the market is highly manipulative, so some ups and downs are inevitable. We will utilize the ETH network, however, if we are talking token price, we will be way more stable in price because the supply is limited, we do not have a lot of minor holders or major holders that can flood the market and the token mining goes along with utilization sop there will never be low usage pressure meaning the price should reamin put. |
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How exactly does the lack of ICO make the project more legitmate and secure ?
Hey, well the things is that an ICO is a mechanic to uphold the token price and fund development, but it makes for up for a lot of issues starting with full pre-mine: essentially saying you get all your currency out there only to sell a vast amount off. That makes for a second issue - if you sell so much it means there's no real need for the whole emitted amount which is fine on it's own. However, that means that adoption cycle will be incredibly long (if it's not some sort of currency). And it salso creates a situation where a lot of tokens can be held in a centralized manner, not even mentioning that team remains with a large amount of tokens at their disposal. We avoid all of that? our tokens are fair game for everyone participating in our DAO and our team is decentralized fromt he get-go. Oh and one more thing - we do not let minor investors pout their money in, avoiding a pump and dumpo where someone might get hurt. |
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Is there anyway I can validate if HyperLoot has truly partnered with all the listed partners?
Hi, So the Ox and trust wallet is simple - you can see us using their technologies in our demos, so both technologies are instrumental to our development cycle. As those are open source demos, we have not yet publically announced anything together. Bancor is an instrument for managing long tail digital assets and you will hear some news from us soon! POA is our preferred partner for a set of aunannounced products. More annoucements will follow! |
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Is this in-game purchases usable on multiple platforms or account?
Exactly, we will introduce cross-game trading! That means the items will have cross-value between games and transcend the limitations of platforms on a singular open market! i personally condier this one the most exciting thing about our project - there's nothing quite like it yet. |
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