The summary of the AMA questions and answers:

Q1. Can you please talk a bit about why you feel Red Pulse needs blockchain, the importance of the token in the Red Pulse platform, and what is coming that might increase the use and need to stake or use the token?

Sure, Red Pulse uses blockchain in a couple of ways. First, we used blockchain to establish our own cryptocurrency, the Red Pulse Phoenix Token, in order to have an incentive mechanism to facilitate our knowledge ecosystem. In this way, we’ve created a sharing economy for information and knowledge, driven by freelance analysts from all over the world. Why cryptocurrency instead of just using fiat? Well, our token economy also relies upon an inflationary model, where the newly minted tokens are used for content rewards deployed to contributors, as well as staking rewards for people that stake their tokens at www.redpulse.com or crypto.redpulse.com. This sort of sharing economy model wouldn’t be possible using a conventional fiat system.

Second, Red Pulse is using blockchain as the core component of the Phoenix information protocol, which has 5 key elements: Proof of Creation, Proof of Ownership, Regulatory Compliance, IP Protection, and Accountability. We’re employing smart contracts to achieve this. In short, the Phoenix protocol is an on-chain solution that allows for transparent and secure confirmation of intellectual property creation and ownership, as well as rules governing the usage and transfer of these rights. You can read more about this at https://phoenix.redpulse.com/wp-content/uploads/Phoenix_DevelopmentPlan.pdf

Q2. Are there any new or upcoming additional use-cases for PHX/PHB that you can share with us?

Yes, absolutely. In addition to being able to earn content and staking rewards at both www.redpulse.com and crypto.redpulse.com, you can also use PHX and PHB to access premium products and services. Our premium market intelligence services can be paid for using PHX or PHB, in addition to the normal USD that we accept. We’ve partnered with Changelly recently to make this even easier, in case you don’t have PHX or PHB, it would be as easy as using your conventional credit card to purchase PHX or PHB, and use it to pay for services on our Red Pulse platform, all in one seamless transaction.

Another use case for our token is our “Ask the Analyst” feature, which is a micro-transactional way for our subscribers to interact with the original authors and analysts of content on our platform.

Perhaps the biggest use case on the horizon, that we’re hard at work developing, is an open-source collection of modules and widgets that will allow us to implement Phoenix IP protocol elements directly into existing, well known, content platforms such as Wordpress, Medium, and others. We want to make it easy for content creators of all types to prove their identity by digitally signing their work and securing it on the blockchain. We want to help people to understand who is actually behind the information, as well as who and how information is being propagated across various networks. The veracity of someone’s content will be paired with their track record of past contributions, all confirmed via the blockchain. It’s similar to the “longest chain” concept, but in this case, it’s “longest content trail” that can be attributed to the same author that has access to the same private key. In effect, we’ll be directly tackling one of the biggest problems that we face today: Fake News.

We’re not yet ready to reveal all the details surrounding this, but I’m excited to share our initial planning and development on this front. Of course, our Red Pulse Phoenix token will play a prominent role in facilitating this information ecosystem by setting proper incentives to promote positive behavior and minimize negative behavior.

Q3. I heard that you guys will be adding Korean to your platform, when is this expected to happen?

This will happen by the next quarter (Q3). But adding additional languages to our platform actually isn’t that big of a challenge. The bigger challenge is extending our market intelligence coverage to a completely new market. While both in Asia, Korea’s capital markets and economy are markedly different from that of China, and we need to take into account all the various localized nuances in order to do a good job of covering that market.

It’s a good segue into confirming that in addition to multi-language support on our www.redpulse.com platform, we do also have plans to expand our market coverage to include Korea, Japan, and other APAC markets this year and early next year. We’ve already begun our expansion by including Greater China markets such as Taiwan and Hong Kong.

Q4. As Red Pulse is a “tokenized research ecosystem for China”, what advantages are there with being so closely entwined with China?

Red Pulse has focused our coverage on China because it’s simultaneously (one of) the biggest as well as least-understood economies in the world. The current trade conflict between the U.S. and China further highlights how big of an impact China has on the rest of the world, and unfortunately most people are getting their information on China from western news and social media, both of which are known to have a significant bias. Having different viewpoints, of course, can be very useful, but it’s important to also separate fact from opinion, as well as present various viewpoints rather than a single monolithic perspective.

Red Pulse aims to provide facts, as well as various perspectives and opinions on the market developments that occur on a daily basis. Blockchain allows us to scale sustainably through a unique incentivization mechanism while providing an infrastructure for tracking “information provenance” — an immutable record of information’s origin and journey.

We started with China because it’s where there’s the greatest need for more unbiased facts, as well as diverse viewpoints and analyses, to provide a counterbalance to all of the biased viewpoints, often negative, surrounding China and its markets. That being said, we have confidence that a similar model can be applied to other markets, hence our plans to expand into other APAC markets.

Q5. What’s your outlook on the future of cryptocurrencies? What can we do to keep increasing adoption?

I think digital assets such as cryptocurrencies are here to stay, and will have a monumental positive impact on the world. The ability to transfer value and ownership rights in a near friction-less way, without the need for various intermediaries and trusted parties, is revolutionary and will change the way that we all live and work.

To keep increasing adoption, we need to acknowledge that existing infrastructures shouldn’t be ignored or shunned. Sure, the current financial system has many flaws; and participants, usually individuals, are routinely taken advantage of through exorbitant fees and onerous policies.

That being said, to truly achieve mass adoption, we need the cooperation and collaboration of existing networks that have already been embedded into our society for centuries. This will drive adoption from within, not from without — and although this idea has many deterrents, especially from crypto “purists”, I personally strongly believe it is what is needed in order for us to achieve wide adoption globally and across all social/economic demographics.

Binance AMA Segment 3 Questions & Answers

Ledger Capital. Is there any linkage between Ledger Capital and Red Pulse Phoenix?

My role as Managing partner of Ledger Capital provides me with early and direct access to new ideas, technologies, and business models that are pushing the blockchain and cryptocurrency industry forward. As a result, Red Pulse benefits from being able to be well positioned to engage in partnerships, marketing/branding exposure, and new solutions that we can implement to solve our key challenges. We’ll have some exciting partnerships to announce in the near future.

2. what is the story behind your project name Red Pulse? What makes the RedPulse unique?

Red Pulse comes from 1) Red is a lucky color in China and 2) We help you keep your finger on the pulse of financial markets.

3. There is a trade war between China And USA. Also, There is a challenge as China doesn’t have proper regulation about cryptocurrency. How you’ll deal with these challenges? What your targets?? China will be your base target for the market? As we have seen you’re planning to market in Asia. Which countries you’re planning first?

Red Pulse is a Hong Kong registered and incorporated company. We take regulatory compliance very seriously and have taken care to ensure we are compliant in the jurisdictions that we operate. We plan to expand our services to include coverage of other APAC markets, with Korea and Japan next on our timeline.

4. Is there any checking system on Red Pulse that finding copied contents?