Recap of #AMASeries16: Crypto OLALA x SPACE-iZ and Mr.Venkatesh — CEO of the SPACE-iZ.
On August 18th 2020, SPACE-iZ team and Crypto OLALA group organize an AMA to make the community members know more about SPACE-iZ and what is its application? Here is recap of it:
Segment 1: Introduce and Question Warm-up: Moderator Mark will ask 2 question warm-up.
Moderator Mark:
Question 1: Can you please briefly introduce yourself and SPACE-iZ Project?
Mr.Venkatesh — CEO of the SPACE-iZ:
My name is Venkatesh and I am the CEO of SPACE-iZ, pleasure to meet you all and thanks for having me in this AMA session. A little about our project,
SPACE-iZ is an all in one property platform for any space, but primarily focussed on CoWork and CoLive. SPIZ offers discounts to tenants and free marketing to owners along with an additional income.
DONE.
Moderator Mark:
Question 2: How does SPACE-iZ work? What does the SPACE-iZ ecosystem include? What are SPACE-iZ technological strengths ?
Mr.Venkatesh — CEO of the SPACE-iZ:
Our ecosystem consisting of 3 core components, the token, the token holders and the app; is complemented by discounted co-live and co-work spaces on our platform.
SPIZ Token
- The SPACE-iZ Token utilises blockchain to transfer value and benefits, between token holders.
Decentralized App
- The SPACE-iZ DApp manages administration of bookings and facilitates the trade of SPIZ token
DONE
Moderator Mark:
Ok, Thanks a lot for brief introduction SPACE-iZ and Great sharing information from Mr.Venkatesh
Now, we are going to Seg 2
Segment 2: Question Selected Form:
Moderator Mark:
We received over 153 questions in the process of collecting questions from the Form.
Now, we begin with 5 questions that have been selected.
Question 1: What is the objective of SPACE-iZ in 2020? What are SPACE-iZ strengths compared to other projects?
Mr.Venkatesh — CEO of the SPACE-iZ:
1) List all kinds of property owners with a private/personal/commercial/office space can list with us for free marketing
2) Onboard Tenants to offer discounts on any kind of property rented and on other amenities as well.
3) Increase the utility of SPIZ token real-time in the property sector
Basically properties being empty now, give us a chance to convince and onboard any kind of property owner to list with us and get free marketing to our database in return for offering discounts to our tenants. This is how we will impact and penetrate the market as the current pandemic will create more traction for our project.
DONE
Question 2: Where is the “ SPACE-iZ ” name coming from and what is the logo representing ?
Mr.Venkatesh — CEO of the SPACE-iZ:
The concept of SPACE-iZ = Wework + Airbnb + OYO +Zoopla and logo represents 4 desks with people sitting to cowork.
DONE
Question 3: Please explain the SPACE-iZ fund. What kind of income it generates? On what is it based/backed?
Mr.Venkatesh — CEO of the SPACE-iZ:
So SPACE-iZ would provide the discounts and as tokens are held by users. Later when number of rooms increase, the price of SPIZ would appreciate along with demand for the token.
As the number of rooms increase the % return on investment will increase as well please check whitepaper for graph.
DONE
Question 4: What do you think the role of community in SPACE-iZ ecosystem? What’s your plans to keep build positive community and what do you expect support from cryptonation community?
Mr.Venkatesh — CEO of the SPACE-iZ:
We have conducted regional bounty campaigns to reach out and increase our community worldwide. As community plays a very important role to boost awareness of any project and they would be rewarded with tokens reserved for bounty.
Our enticing would keep the community engaged within our ecosystem while ensuring the process of renting a property or borrowing a token are simplified and expediated.
DONE.
Question 5: What steps will you take to attract future investors to make SPACE-iZ mission, goals, and products more known to the cryptocurrency community?
Mr.Venkatesh — CEO of the SPACE-iZ:
So those who hold the tokens for a year can avail upto 15% discounts on their rent which would add to their savings. This model isn’t out there so as number of rooms increase so will the token price as more tenants will hold on to SPIZ to avail discounts.
Also we will have a PWA (progressive web app) version apart from iOS and Android. On mobile apps, there might be restrictions, so initially with our PWA tokens can be changed without any hassle.
Having our Proof Of Concept ready by September will gain traction to our project, increase the token and attract huge investments
DONE.
Moderator Mark:
Every body, don’t forget sale IEO Space-iZ
⭐️Space-iZ will be the latest project to open for sale IEO on ExMarkets : https://exmarkets.com/launchpad/spiz-btc
Now, We move to Seg 3: Live Question
Segment 2: Free Q & A between the community and Space-iZ.
📍Community members will conduct questions Mr.Venkatesh. Group will proceed to open chat in 3 minutes . We have 2 round . Mr.Venkatesh will answer questions from the community.
Moderator Mark:
Wow, Over 270 Question
Mr.Venkatesh
This is your place. Choose and answer the questions you like. Thanks
Question 1: What is the main Advantages over Your competitors like OYO, Airbnb etc. .? Why should Users choose Space-Iz?
Mr.Venkatesh — CEO of the SPACE-iZ:
OYO, Wework, Airbnb, Zoopla do not still leverage on tokens or smart contracts or telegram to build their community and grow their business so I believe we are taking strategic steps here😎
Question 2: In this Covid- Pandemic, There has been a huge impact on this indistry, isn’t it? How has Space-Iz been impacted?
What’s ‘s approach in this field to make it more reachable to NON-crypto Users?
Mr.Venkatesh — CEO of the SPACE-iZ:
Basically properties being empty now, give us a chance to convince and onboard any kind of property owner to list with us and get free marketing to our database in return for offering discounts to our tenants. This is how we will impact and penetrate the market as the current pandemic will create more traction for our project.
Question 3: What role does the community play in the #SPACE-iZ ? What have you done and will do to attract people to join #SPACE-iZ and build a thriving community?
Mr.Venkatesh — CEO of the SPACE-iZ:
We have conducted regional bounty campaigns to reach out and increase our community worldwide. As community plays a very important role to boost awareness of any project and they would be rewarded with tokens reserved for the same.
Again marketing campaigns, airdrop,video campaigns, AMA sessions and trading competitions are a way to build community as well.
Question 4: 1. Most projects have to go through certain difficulties and challenges, what difficulties do you face and how do you overcome them?
2. Can you list some of the features with which you are most confident about your platform? How can you advertise your project worldwide and make it popular?
Mr.Venkatesh — CEO of the SPACE-iZ:
So we will have a PWA (progressive web app) version apart from iOS and Android. On mobile apps there might be restrictions, so initially with our PWA tokens can be changed without any hassle.
Those who hold the tokens for a year can avail upto 15% discounts on their rent which would add to their savings and as number of rooms increase so will the token price as more tenants will hold on to SPIZ to avail discounts as it is lucrative.
Question 5: Lending of token is being mentioned in your Space-iz website. Can you explain more about the process and the system of lending from a token holder to a non-token holder in your platform? How much is the interest and the profit can get by the token holder? Is there any collateral for the non-token holder to lend to token holder?
Mr.Venkatesh — CEO of the SPACE-iZ:
This would be done using smart contracts and they would be executed accordingly as period of contract ends. Holders would receive rent on tokens as passive income. We would do the KYC before entering holders and non-holders into a contract.
Question 6: How does SPACE-iZ deliver the optimal return for both project and investor?
Mr.Venkatesh — CEO of the SPACE-iZ:
SPACE-iZ token price would appreciate as its utility increase and holding increases along with contracts. Investors would receive a good return on their investment as the number of rooms in our ecosystem increase.
Question 7: You say that the colive trend is gaining momentum in many cities. Which are the cities or regions where this concept has been most successful? Which countries do you expect to be your main markets?
Mr.Venkatesh — CEO of the SPACE-iZ:
UK, US, India, Qatar, Dubai, Singapore, Europe
Question 8: Why would I create a contract to borrow other users’ tokens when I can freely buy them from the IEO and rent them myself? will the token purchase run out quickly?
Mr.Venkatesh — CEO of the SPACE-iZ:
It is for those who miss out on the IEO and want to get it later
Question 9: As we know, every succesful project has a few stories behind the scene, what’s the story behind SPACE-iZ success? Are there any special prototypes or upcoming SPACE-iZ updates that you want to show/share with us?
Mr.Venkatesh — CEO of the SPACE-iZ:
So basically we will have a PWA (progressive web app) version apart from iOS and Android. On mobile apps there might be restrictions, so initially with our PWA tokens can be changed without any hassle.
Question 10: Why was the entire SPACE-iZ ecosystem developed on the Ethereum blockchain? Currently the Ethereum blockchain transaction costs and network speed are quite slow compared to other blockchains such as Wanchain, Binancechain …?
Mr.Venkatesh — CEO of the SPACE-iZ:
We will create our own blockchain in the near future.
DONE.
Question 11: How much is the minimum and maximum amount of Tokens that a user can obtain and rent? can we really all own a number of tokens?
Mr.Venkatesh — CEO of the SPACE-iZ:
Yes you can own tokens as per your requirement.
Question 12: Will the capital of tokens borrowed in smart contracts be returned only when it ends? Can I withdraw the% of interest earned whenever I want?
Mr.Venkatesh — CEO of the SPACE-iZ:
Only when the contract ends not before, as you would have e-signed it.
Question 13: Are the properties offered on your platform limited to the UK or are they available worldwide
Mr.Venkatesh — CEO of the SPACE-iZ:
They are available initially in UK, India and US. Later we will spread our reach as we grow.
Question 14: With the Space Dapps, can I directly change the $ SPIZ tokens to Fiat and P2P? or would you need a third party to achieve it?
Mr.Venkatesh — CEO of the SPACE-iZ:
This can be done with our PWA version of the application.
Question 15: Protecting users/member data and privacy has become a problem that many companies/projects must face in their development.
So can you explain a bit about SPACE-iZ Security?
Mr.Venkatesh — CEO of the SPACE-iZ:
Data would be stored in nodes of our network so they would be safe.
Done.
Moderator Mark:
😀Thanks Mr.Venkatesh — CEO of the SPACE-iZ for spending time today attending AMA with the Olala Crypto community
Hope SPACE-iZ will more successful in the future. Especially this IEO at ExMarkets
If you still have any questions, you can join the https://t.me/spaceiz1 directly ask the admin and Space-iZ Team to get the most accurate and fastest answer.
AMA is ended.
📍Information SPACE-iZ Platform :
•Social Media :
➡️ Website: https://www.space-iz.com/
➡️ Telegram English : https://t.me/spaceiz1
➡️ Twitter: https://twitter.com/Space_IZ1
➡️Medium: https://medium.com/@Space_IZ1
➡️ Linkedin: https://www.linkedin.com/company/spaceiz
