Etherparty AMA Summary

Etherparty is a platform enabling a connected and inclusive world by building easy-to-use, versatile and intuitive smart contract solutions.

Etherparty founder and head of research and development, Lisa Cheng, and CEO, Kevin Hobbs, joined by Etherparty’s lead developers, Patrick Guay and Jeff Walsh, hosted a live-streamed AMA session (Ask Me Anything) on Friday March 23.

We had a number of very interesting questions from our supporters via Telegram and directly on YouTube which were addressed by the team during the first part of the AMA. The second part touched on our updated roadmap which will soon be available online on our website at etherparty.com.

We noticed a boost in confidence around our utility token, FUEL, following our AMA as it was listed as one of the top gainers percentage-wise (6.54%) on cryptocurrency exchange, Binance.

To view the live stream in full, see below.

However, we know everyone’s got a busy schedule, so if you just want to catch up with the most interesting questions and updates we have compiled a summary below:

What blockchains are you supporting initially and what would make you consider additional blockchain networks?

At launch we will support Ethereum and Bitcoin via Rootstock (RSK). We will also support Hyperledger in the near future for our Supply Chain product. We want to support other blockchains, but we also want to ensure a good user experience, end-to-end. We don’t want to set folks up with unproven technology.

Our Supply Chain management PoC built on Hyperledger

How do you differentiate (and going to differentiate) Etherparty from competitors?

We are aiming for a much larger market than our competitors. We want to be the Google of blockchain. We are building end-to-end solutions that make blockchain technologies accessible to everyone.

What are your unique ‘killing-features’ that you are going to release to fight the competition?

We’ve poured countless hours into working on one of the main problems in blockchain: ease of use. Our application makes it incredibly easy to deploy a crowdfund smart contract, accept contributions, track the progress and manage the contract. It’s a full solution, where users don’t need to know all the internals of blockchain to make it work.

We are also going to make customer success a key differentiator for us. There is a lack of trust between businesses and consumers in the blockchain space, and we’re going to reverse that with excellent support and communication.

How many people do you have in marketing?

We have just hired two new marketing firms as we ramp up the hiring. So far we have a few people dedicated to marketing but over the coming months you will see more and more.

How many FUEL tokens is the EP team holding?

The EP team were given 50 million in total to distribute. None are in market to date as they are still locked.

What are you shipping first?

The first product we are shipping is called Rocket. It is an end-to-end crowdfunding platform for innovators to launch a crowdfund, and potential contributors to learn about them.

The name Etherparty doesn’t seem to align with your brand identity. Have you considered changing the name?

We are launching a bounty for the community to suggest a new brand name. The winner will receive a prize of 10,000 FUEL tokens. Terms to be released, so stay tuned.

Why has a great project like Etherparty not performed well in the market of late?

At present, the entire market has not been performing well. This isn’t unique to FUEL. The real value of FUEL will be unlocked when Rocket and future products launch, as FUEL is integral to be able to anything on the platform. FUEL is a true utility token.

When do you expect to turn your first profit?

We are aiming for profitability in 12 to 18 months.

How does Rocket handle different country’s legal frameworks?

It is up to the creator of the projects launched on Rocket to adhere to their country’s laws and regulations.

How can we get FUEL on X or Y exchange?

The best way to get FUEL up on a new exchange is for the community to reach out to said exchange.

How have the funds from your crowdsale been spent thus far?

We have been very careful with our use of funds, prioritizing hires that will help us ship the best product as fast as possible and get us to profitability.

What is the ballpark price you will be charging to create a crowdfund within Etherparty/Rocket?

We’re looking at a price point within the USD $100K range. This will include smart contract creation, additional support, a unique marketplace listing and other value-add services.

When will Rocket be released?

We are aiming for a May/June release date.

Roadmap

The team also presented an updated, tentative, roadmap during the AMA, following our recent decision to release end-to-end products. So it makes sense to have separate roadmaps for each product rather than have one for all. The slides depicting the new roadmap can be seen below.

Beta roadmap

Platform roadmap

Rocket roadmap, a token and crowdfund creator

Supply Chain product roadmap

Charity product roadmap

Behind the scenes

Our Crypto-Kitty, Satoshi, was very interested in the AMA too, he tried from behind the screen to watch it without much luck, but he managed to get a front seat at the end.

Satoshi is our real life crypto-kitty

While Chewie couldn’t take anymore after an hour or so.

I need a rest, these folks can talk!

Some behind the scenes pics below.

Live with Wirecast

Behind the scenes

Thank you all for tuning in!

Feel free to join the conversation on our Twitter, Facebook and Reddit channels! And continue to look out for updates, announcements, interesting and informative blogs on our Medium page, as well as on our official site, etherparty.com.