Q&A | Merculet’s Second Online Q&A Session (4/7/2018)

Merculet

There were some thoughts provoking and quality questions thrown out there by Merculet community members during a heated Q&A session last week. A lot of the questions were very inspiring to our team members and motivated them to work even harder to serve the community.

During last week’s session, we focused on explaining why we founded Merculet, why we need to assess User Attention Value, how to assess it and what our plan is. In this week’s session, we will focus on the communication with our community members in the future and the unique features of our solution and our competitive advantages.

Up to now, Merculet has already penetrated into the global market, and has formed partnerships with companies all around the world. Due to the capability of our team members and the experience of our partners, we are very confident that we will bring unprecedented changes to blockchain technology and lead millions of Internet users to the Internet of Value.

1. Q: What is the strategy to make Merculet project successful?

A:

1) Build solid products that meet entrepreneurs’ real needs.

Merculet is building a one-stop solution for entrepreneurs to enjoy better growth. Internet users are also part of entrepreneurs’ ecosystem, so when users use products created by entrepreneurs, share these products with others, or provide suggestions related to these products, they would get relevant tokens as a reward. By combining the reward mechanism and the trust-based infrastructure that is powered by blockchain technology together, we would create a new ecosystem to energize those token-driven entrepreneurs. This mutually-positive feedback ecosystem is how our product can meet our customers’ needs.

2) Work with the best people and build a strong community together

A strong community could enrich token application scenarios, motive token circulation and provide more incentive and benefits to users in Merculet ecosystem. Merculet works with entrepreneurs who can build solid personalized user experiences/services, and Internet users that are served by these entrepreneurs would want to be a part of this ecosystem as well.

2. Q: Have you formed partnerships already? Will there be more in the future?

A:

Right now, we have only announced a few strategic partners like Elex.

Elex is one of the biggest game distributors in the world. Currently, we are integrating Elex’s products to our solution. Elex is also helping us with global business development because Elex is very experienced in expanding and operating globally.

Magic Window, another partner of us, has already helping more than 2,700 mobile applications

MagicWindow, another partner of us, already provided growth solutions to more than 2700+ mobile applications.

We will announce more partnerships later. We have already started to work with some of them on the integration with Merculet product. When we launch these integrations online, we will announce these partnerships. And at that time, users will be able to enjoy our integrated products.

3. Q: In terms of rewards based on UAT, do rewarders have to lockup their MVP tokens as a pool which is then released based on users UAT? Or can rewarders buy MVP from the market when they want to reward the users?

A:

Rewarders can buy MVP from the market freely whenever they want to. We provide tools and solutions to rewarders, and would not force them to do anything. However, because tokens are good for identifying and uniting believers and early contributors, we do plan to release some benefits based on the UAT or MVP they hold.

4. Q: Does the number of UAT tokens an entrepreneur can issue depend on the number of his MVP tokens? If Yes, can I know the metrics?

A:

Yes, but the conversion rate between UAT and MVP is set by entrepreneurs themselves. We are building a free solution that every entrepreneur can use at his own free will.

Entrepreneurs will find UAT and MVP very helpful in rewarding Internet users, so they collaborate with each other to maximize user’s benefits. It should be a win-win-win situation. Meanwhile, we will provide extra benefits to companies and Internet users based on the numbers of UAT or MVP they hold.

Q: Also, are team’s tokens locked up for around 5 months?

A: The team’s tokens are locked for 2 years and will be released gradually every quarter!

5. Q: Why would UAT tokens exist while we already have MVP tokens. Why would we have both of them?

A:

In traditional financial world, every company has its own incentive plan and they don’t share the same plan. It’s the same in blockchain world. The UAT token represents the way a specific company operates and rewards its users and partners; MVP would be the base token for them to utilize in more scenarios and connect with others companies.

6. Q: Why haven’t advisors mentioned Merculet publicly, even on their LinkedIn profiles?

A:

We understand that there is concern about the legitimacy of our team members. We can assume you that we don’t fake team members or use money to buy advisors. Our team is focusing on delivering products and don’t have much time to use LinkedIn. Like for myself, I used LinkedIn when I was working in HP a few years ago but am not active on LinkedIn lately. Right now, our adviser Roger Lim has already added his advisor role at Merculet to his LinkedIn profile. For other advisors, we will arrange 1–1 talk with them soon, hope that can eliminate your concern.

7. Q: When will the 1 to 1 talk happen? Could we watch it live, say, on YouTube?

A:

As I have mentioned before, our current focus is to product development and engineer recruitment. We have a lot of work to do to integrate our products with our current users and application scenarios. We have a very tight timeline.

We have already started planning the 1to 1 talk.

I did my 1st AMA in my life last week. But due to some technical difficulties, I need to do it again. More AMAs on YouTube will be planned ASAP.

Q: That’s great! We hope to hear more information from you.

A: Yes, I know this is the way to reach consensus and find true believers. I am trying my best to speak more. Since I have always been a tech guy, I usually don’t talk a lot, especially publically.

8. Q: Do you have to create A new blockchain and run your platform there? I like new initiatives, are you going to create more projects to integrate into your technology?

A:

Our main goal here is to build a blockchain solution which is effective for massive internet users and enterprises. It’s a solution based on multi-tier architecture with multi-chain and multi-asset. You will have your native assets on ERC20. And you will enjoy a better performance, have better user experience and better enterprise level services on our Internet asset chain layer (based on permissioned chain technology). With this solution, we can support entrepreneurs smoothly.

For detailed information about our architecture, please refer to this article written by our CTO:

https://medium.com/merculet/insider-release-merculet-accerlates-enterprises-organic-growth-through-innovative-n-tier-927e9a0fbbf7

9. Q: Since you mentioned the multi chain solution, is there any advantage for this chain system? Does that mean we could have multiple tokens available on the chain system?

A:

The advantage of this multi-chain solution is the effectiveness. Vitalik has also mentioned about this structure, according to him, the underlying chain is for safety, if we need a better performance, we build another layer on top of the public chain.

Because Merculet intends to serve thousands of enterprises and millions of end users, so there will be a lot of transactions, and a lot of small sum transactions, and everyone expects real-time response from the system. With our multi chain solution, they can get served first on the Internet asset layer and then have the freedom to sync it to the underlying public chain later. This is what we call as mapping, our solution is owned by users, and controlled by users.

10. Q: Do you plan on adding utility to the UATs?

A:

Yes. Our most important missions are the circulation of UAT, the definition of application scenarios of MVP and how these scenarios can integrate with other ecosystems.

11. Q: You say most blockchain projects will take 3–5 years to develop, while Merculet will only take 1–2 years. What are the features that Merculet has while other blockchain projects don’t have? Why Merculet can achieve its goal so fast?

A:

Everything starts with how we think at first and then how we provide satisfying solutions to our users.

As we are now living in the post-mobile internet era, we found some Tycoons which mostly are from Silicon Valley take advantage of users’ data without informing them. They utilized users’ information solely to benefit themselves which is not acceptable.

We, Merculet, want to completely change the situation and give back the users’ value to users, and give back the companies’ value to companies. We believe that with the help of blockchain technology,“the internet of value” will become a reality and everything related would be different.

We will build a technology-based trusted environment for users and enterprises so that they are bonded together. The usage of tokens will accelerate the formation of a virtuous feedback ecosystem that all parties can benefit. We will lead all mobile-internet users to a brand new era.

Besides, Merculet’s solutions also enable every entrepreneur to involve in the distributed commercial world and build up their own positions in the new era. It is the new era which everyone should be embrace.

In current blockchain market, most applications are mostly based on the public chain, these applications are far from meeting enterprises’ requirement and usage, and they need many years to evolve. As the Chief Growth Officer of Global Entrepreneurs who maximizes the Internet of value, we use technologies such as permission chain, or multiple chain architect to help users achieve their goals. On the other hand, the experience and knowledge of our team members are making Merculet competitive and successful. In the past three years, our team has successfully provided technical support to more than 2700 apps. We have also worked with our partners for many years and keep benefiting from their experience.

Considering all these factors, we are very confident that we will completely change the Internet world within two years.

We believe that Merculet would ultimately become a real game changer.