DATA’s first AMA post on Reddit

We have launched the first official live reddit AMA with DATA co-founder Victor Ye at 21:00 (EST), March 10th. We’ve received more than 40 questions and have answered 22 of them. Victor’s answers are posted on our AMA webpage of DATA subreddit. There are more than 1.4k views for this single post. This post is locked and thus please keep your questions for our future AMAs.

We will have more activities to let our community and investors communicate with our core team members directly. Stay tuned for our new AMA events with DATA co-founder Franklin Song and CTO Eric Lee in the near future.

In the following section, we summarize the questions from our communities and Victor’s answers into various categories, including general development, technology development, marketing strategy, partnerships & investors, DTA token and exchanges.

General Development

Q: There is very low to negligible visibility of the work that Data is doing at the very moment. When will the community start seeing more of your work and a proper detailed roadmap of what is being rolled out and by when?

A: It’s only 1.5 months after token sale, we have a lot of work going on and will have open sourced code soon.

Q: Does can core team of project works more faster? Maybe it’s stupid question, but roadmap is so “long” and main updates/releases will be launching in 2019.

A: Yep I agree our roadmap is a conservative one. You can just expect faster progresses.

Q: Are we going to have POS, once mainnet lauched?

A: Yes. POS is a more economic way.

Q: The sentiment surrounding the cryptocurrency markets is currently very poor. Many altcoins, including DTA itself, are at all-time lows regarding their prices. What do you think is the reason for this, and do you foresee any recovery happening this year, if at all?

A: I can really hardly predict the overall market and have no way to impact it. I see the hype previously was too high and the market hit a correction. Let’s see what will happen.

Q: I would like to know since Regulators are going more against ICOs and crypto-currencies if you have any plans in case of a crackdown or are you already working with regulators ?

A: We comply with regulations in all countries where our investors are from.

Q: As an advertiser,the ad-fraud solution Data has put forward is greatly needed. However, what is the response from traffic providers (ad networks, ad exchanges, etc)? Do you think your solution would benefit them as much as advertisers?

A: Yes. As you see in the white paper. The traffic side (developers) will get direct token reward for integrating into the system.

Technology Development

Q: Is DATA an open source project, if yes when will we start seeing some activity over on Github?

A: Yes it will be open sourced. We’ll start to have update on Github in next 1–2 months. As you know the first commit will be a big one and it takes time, after that, we’ll have regular update.

Q: There has been a lot of talk on why the big supply of coins are needed in the ecosystem and what role they play, does DTA need to be at a certain value to work with this concept or is being used in the product stream going to bring more liquidity and raise the value for the coin?

A: DATA token (DTA) is used as reward to developers to adopt our SDK and attention reward for users uploading their encrypted traffic data.

Q: Artificial Intelligence is used in the third layer of the technology stack to calculate the reputation of publishers, advertisers, and users, and it will be based on TensorFlow. The accuracy of the algorithms is key to making sure the whole system works effectively to prevent ad fraud. Does the DATA team have any members who are strong in AI and TensorFlow?

A: We have not only one but multiple members strong in AI and TensorFlow; and we are working with some companies good at this too. They’ll held AMA session too.

Q: For the system to work, widespread adoption of the DATA SDK and application is required. However, adoption can only happen when the participants are confident that the system works. How does DATA plan to solve this dilemma?

A: We partner with Yomob to adopt our system to its 100 million and growing user base.

Q: What are the technical limitations currently in blockchain tech in 2018 and what is his general opinion on crypto? What are the biggest hurdles for blockchain tech to be adopted mainstream? Scalability? Ease to use for the end customer? When does he think that these hurdles can be overcome?

A: I see scalability as the technical limitation of all major blockchain technologies. And there are quite a few ongoing projects working on that. We are working closely with the blockchain community to see the improvement in the infrastructure.

Marketing Strategy

Q: Data marketing in comparison to other companies is quiet on the low end. What is being done to address this issue and to foster more interest in what you do and bring in new investments?

A: We definitely have more going on. Like AMA session, media coverage, offline meetups, YouTube videos etc.

Q: Why project used one of the poorest tool of marketing? I mean airdrop. Right now we can see a lot of spam in main telegram-group of result of this marketing method. I think it’s not a good point to view.

A: We see airdrop as a typical way of marketing held by most projects. But we have more ongoing, like the AMA session we have here. We’ll have regular media coverage like once per month across major global medias. Offline meetups. We’ll build local community in 10+ different countries etc.

Q: Would it be possible to see the job offer postings and see the progress of the new hirings you make? Thanks.

A: We have actually posted job requests in multiple channels like our LinkedIn, Twitter and Facebook pages, and those postings will have more online exposure.

Q: Would it be possible to clear the telegram channels from the bots and spammers?

A: We have recently introduced anti-spam rules to telegram and we expect that to clear most of the bots and spams. And we have 7*24 admins on Telegram to manage the channels.

Partnership and Investors

Q: There are many partnerships listed on your website. However, can you explain the nature of these partnerships and the respective implications of these partnerships on Data? More precisely, when will Data start benefiting from these partnerships?

A: That’s the “investors and partners” section. Investors are also our partners that will most help by introducing resources; strategic partners will help with our adoption.

Q: Data has many heavy hitters on their Advisory Board. However, none of these advisors have been speaking of, promoting, or supporting Data. At least, this is not visible at the current moment. What is being done in that regard and how are you ensuring a more active involvement?

A: That’s not really true. FBG capital endorsed us openly in quite a few blockchain summits. Michael Arrington helped tweeted about us; Professor Shoucheng Zhang also helped us openly.

Q: Could You Elaborate what’s Michael Arrington role in the Data Project as an Advisor is?

A: He helped us bridge resources in greater blockchain and advertising industry.

Q: Can you expand on the partnership with Yomob and the progress on building the platform while collaborating with Yomob?

A: Yomob will be our partner and first adopter of DATA SDK. More than 100 million of Yomob’s users will be involved in the DATA ecosystem when the integration is ready.

DTA Tokens

Q: The current circulating supply sits at 4.6 billion DTA. Are there any plans to burn some of these tokens? If yes, when? If not, then please expand on the reasoning behind the need for such a large amount to be in-place.

A: We don’t have burning plans. Total supply is just a number game, we can have 10X supply or 1/10 supply, which just means the value of single token will be different.

Q: Can you give a thorough explanation of how the remaining supply of DTA tokens are being stored/used/held by DTA core team members?

A: They’re held in a Ethereum address that can be monitored by the whole network. (The largest holder of DTA for now)

Exchanges

Q: Data has huge potential and is currently listed on 5 different exchanges. However, 99.8% of all volume currently sits in Huobi. What is being done to get on more credible exchanges (major exchanges, like Bittrex, Binance, etc.)? Please provide timelines and not generic information here.

A: Yes we’re talking with major exchanges But excuse me for being disallowed to talk more about this.

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