ZoidPay AMA — Eduard Oneci: The goal is higher than just money
Last Friday, we hosted an AMA session with ZoidPay CEO Eduard Oneci, during which he addressed the community’s questions, spanning a wide array of topics. In case you missed it, here’s a summary of what unfolded during the ask me anything session.
Q: Is there an estimated time of release of the Super App?
Eduard: The Super App is our flagship product, our most-anticipated one, so our full focus is not only on delivering it but, most importantly, on making sure that security and compliance areas are 100% done and relevant when it will be released. The sensitive part here is that due to the unique set-up that we have and to all the related features — see multi-currency IBANs, multi-coin wallets, we have to consider the delivery time or delays caused by sources outside our team — to adhere to complex legal frameworks of multiple countries is not an easy job, it seems… It is just a matter of small things that need to be fixed before launch but, trust me, we are as excited as you are!
Q: Will there be any delays with the B2B client, ETH cross chain and T2 listing?
Eduard: The B2B clients announcements are on the way; I assure you that it remains one of our main targets and we constantly work to develop new partnerships, to create custom services for our partners and adapt to their needs, there is a whole strategy behind it.
ETH cross chain is already in testing — On ZoidCore you can already deploy ETH tokens on DevNet Sepolia and, in which regards the T2 exchanges — we are true believers that it is not just about getting listed on as many as possible exchanges, but to be on the one that truly matters, on trusted exchanges moreover that the recent events, crypto but also traditional banking related, have pushed us to enhanced due diligence.
Q: By when the bank acquisition?
Eduard: The process is ongoing. The process needed to acquire a bank means more than just having an agreement and signing some papers and moving some funds, it involves a lot of legal and compliance matters. Currently, we are covering those and, hopefully soon, it will be a 100% closed-deal and we will be aligned with all parties to come towards you with an official announcement and details.
Q: Does ZoidPay plan to have its own DEX and launchpad?
Eduard: As you can see, we are providing a vast list of products on ZoidCore. Yes, we are taking it into consideration.
Q:Is there a risk by trying to accomplish too many things?
Eduard: I would not call it a risk, but a challenge and we like those. We are fully motivated and focused on achieving our goals and we are counting also on you — the support of our community is an important contributor to our drive.
Q: Will there be a personalized app for the OLR NFT holders? What will the rewards look like?
Eduard: The benefits are vast but to list a few, the OneLife Rally NFTs will grant you exclusive benefits in the app, such as extra cashback, personalized themes and early access to freshly developed features on the way.
Q: The APR will be the same for all logos, or how will it differ? And through which NFT do I get the highest BOOST?
Eduard: The NFTs boost varies from 1% to 3%. The NFTs with the highest boost will be the premium ones and all the NFTs featuring a ZPAY logo.
Q: Any plans with Zoidsters NFTs?
Eduard: For sure, the Zoidsters are part and will be a constant part in our bigger plan; The Zoidsters will have uncounted utilities in the app and not only.
Q: What is the incentive for the team to care about the ZPAY token when the company has 75M$ investment?
Eduard: Well, they go hand in hand and the goal is higher than just money. ZPAY is our utility token, the fuel for every great product that we’ll develop and deploy.
Q: What is happening with the team tokens due to this month’s unlock? And how many tokens are unlocking now and in the future?
Eduard: The tokens of the team are not actually unlocked, the unlock period extends with 1 more year. The burned tokens are the tokens of the team and we’ll keep this process until we touch our key points before releasing 1 ZPAY to the team.
They are still unlocked and we already burned some of them and we will make sure that we touch our Key points before releasing even 1 ZPAY for the team. For us, community is more important than small profits.
Q: Are there user tiers in the super app based on ZPAY staking? If so, what are they?
Eduard: After the first SuperApp update, the first benefits will come to the SPOs & NFT holders (both Zoidsters & OneLife Rally NFTs). As we add new features, some will be accessible based on the staked ZPAY.
Q: Do you care about the ZPAY token price?
Eduard: I touched on this one a bit earlier, of course we do. We all need to see the bigger picture — The entire market and, actually, the entire economy, traditional or not, is suffering right now. There is no better strategy than the high quality and one of a kind products that we’ll be soon releasing, they will make noise on the market and, also, on the charts.
Q: Any update on the Wand token sale?
Eduard: The WAND release will take place as planned, this quarter. Hope you’re as excited as I am for this milestone.
Q: Ether & Uniswap listings are delayed?
Eduard: Both will happen in this quarter, we will start with ETH cross-chain for the token and right after, Uniswap will follow.
Q: Do we have an exact month when the SuperApp will be released?
Eduard: Testing is planned for this month and we’re sure that the fixes, if any, will be superficial. Once we have a green pass on the matters relating to legal and compliance, we will release it for the public.
Q: For how long will the wand farm run? How much of 20B has been distributed already? Can we claim the earned wand before the presale? The first batch will be claimable on August 3rd, do you have a token available by then?
Eduard: I have to admit that our recent focus was on the upcoming SuperApp and on delivering a seamless user experience ZoidCore. However, we have 4 developers constantly working on the WAND developing for the launch and fixing the current bugs with the displayed amounts. The display issue will be fixed in no more than a week.
Q: How is the roadmap impacted by the delay? How do you plan to attract 1M users till the end of the year, with less than 6 months left? Do you envisage the customers of the bank you are about to acquire to become super app users as well? What will be the functionalities for the app you would consider, to call it super app?
Eduard: We love challenges and we’re committed to continuously build the products displayed on the roadmap. Regarding the number of users, we have several marketing strategies to help us reach the 1 MIL users until the end of the year. I know for sure that the current customers of the bank will be more than happy and curious to try the new App, as it will bring an improved and a more clear and structured package of neobanking features; the crypto experience will be an extra for them. Although the bank users will have a great impact on the SuperApp user base, we did not take them into account when we stated the flashy number.
As for the SuperApp features, you can take a quick look here: https://blog.zoidpay.com/an-introduction-to-the-upcoming-zoidpay-super-app-the-one-app-to-take-care-of-all-your-web-3-needs-8eaf52c1ae05
Q: Many of my Shopping Pool Stakers have their staking terms ending in Q4.
What kind of incentives will I be able to offer them to encourage them to re-stake?
Eduard: Well, one of the incentives would be a high APY boost from the NFTs. Second, I would also mention the in-app benefits unlocked by the amount of staked ZPAY. Besides this, in upcoming ZoidCore updates, you will be happy to discover new developing tools you’ll be able to use as an SPO. Imagine creating your own Web 3.0 Digital Bank and offering customized services based on your client’s needs.
Q: How and to what extent can 1M downloads of the SuperApp positively and significantly influence the value of the ZPAY token?
Eduard: Many SuperApp features will be accessed either with a $ZPAY monthly fee or based on the amount of staked $ZPAY. Drawing a conclusion here, the more users we have, the bigger the impact on the token volumes and value in the ecosystem.
Q: What other benefits will there be for rewarding SPO trust in 2023?
Eduard: Expect to see a lot of changes regarding revenue to SPOs as the most important pioneer into our ecosystem.
Q: When do you think the super app will work and when do you think it will work at 100% of its potential?
Eduard: Considering the crypto industry, I’m proud to say that the app will never be fully developed, as the number of opportunities grows each day. We will continue to develop and add new features, as the app needs to stay competitive in the market.
Q: Can we, as a company, now attract large investors, are we ready?
Eduard: More than ready and doing this for a while. Furthermore, we are already engaged in such discussions for future major investments.
Q: Will a new roadmap be issued?
Eduard: We have recently updated our roadmap, the latest version here.
Q: What is the nature of the security challenges that have caused the delay?
Eduard: I think that security is already a stamp mark of ZoidPay. A major focus of our team is on security and we want not to double check, but to triple check everything to make sure that our customers are secured. Moreover, that annually there are 3B+ $ hacks or exploits in the market; We don’t want to put at risk not even 1 cent of our customers’ money.
Q: Last year’s plan was “On the road to top100, top50 and top10” — top 100 this year and top 10 up to 2025. Does this statement still exist?
Eduard: The year has not ended yet, we are barely in the middle of it. We’ll just have to keep going at high speed and push hard in achieving our roadmap. Of course, it depends on the market situation as well, but our products being launched and the partnerships that we are closing will get us up there. Sure thing is that it is just a matter of time till ZoidPay will achieve these goals.
About ZoidPay: ZoidPay is building the go-to open architecture for enabling the next generation of Web 3 Financial Services. Through its suite of products, B2C and B2B, it is driving the adoption of Web 3 and AI.
The ZoidPay Super App, a fintech powerhouse, lets users manage their banking and crypto needs in a seamless manner.
ZoidCore, a developer toolkit of APIs and SDKs, will let any company transition from Web 2.0 to Web 3.0 easily and effectively.
If you want to learn more about ZoidPay, make sure to follow us on our social channels below. If you’re really curious and want a quick reply from our core team members, head down to our Telegram channel and just ask!
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