AMA Recap 404 Daily Crypto with The King Of Wallet Street
Hello 404 Daily Crypto Community
On the 6th of May 2021, at 6:00 PM UTC (01.00 WIB). We just successfully hosted our 38th AMA with The King Of Wallet Street, with our guest from The King Of Wallet Street team:
- John, Head of the marketing and investor relations
Many of you might have participated or many of not, So here we are up with the AMA transcript for those who missed the AMA session.
Introduction Questions Asked By 404 Daily Crypto Team
Please introduce yourself and your team please! What you did before crypto, and how you got into crypto?
Hello, It’s nice to be here :-) My name is John and I am the head of the marketing and investor relations at KingOfWallStreet, Our team consists of one full-time developer, One part-time developer, the Head of Marketing and investor relations, and 2 community managers.
We are planning several expansions of the team shortly after our presale.
Our team decided to remain anonymous until the project will be able to transform from the Yield reward token to the token that will serve as an ecosystem’s token for our planned launchpad/Incubator platform.
Q1. Can you briefly describe what is $KOWS? We would like to know more about it and how it works?
$KOWS is a yield reward token that applies a certain transaction fee to every transaction.
In the incubation stages, our team has come up with the idea to create a concept of transformative token that will be launched as a meme coin but develop into a project with a real use case.
Therefore, we come up with the $KOWS token that has attractive rewarding attributes for holders due to the reason that it has a deflationary character (1% Burning Fee applied to every transaction) while (3% redistribution fee from every transaction) is rewarding long term holders with the influx of $KOWS token from every transaction. Also, by holding $KOWS tokens, investors get a chance to be within the 5 lucky holders per week who will win 1/5th of the Airdrop wallet balance (Balance increases due to the 1% Airdrop fee applied to every transaction and 3% redistribution fee) These tokens will be distributed over 3 weeks, which ensures that balance of the airdrop wallet will increase week-to-week, therefore the amount rewarded will increase from week-to-week as well.
Our team has decided to apply a 2% Marketing and Development fee for every transaction, which will fuel marketing, hype, and development of our secrete sauce use-case that might revolutionize the way that DEFI projects are launched on the Binance Smart Chain.
Our concept is pretty complex therefore I advise you to wait for the completion of website development or hop into our telegram group @TKingOfWallStreet, where you can discuss the project with the team and other community members. 👑
Ahhh that’s interesting, can you please tell us more about the airdrop for 5 lucky winners?
How it works and is there any chance of winning the AirDrop even we have won it earlier?
Hello, that’s correct. Each week there will be a raffle where we will choose 5 lucky winners that will win 1/5th of the airdrop wallet (Balance increases due to the 1% Airdrop fee applied to every transaction and 3% redistribution fee)
These tokens will be distributed over 3 weeks, which ensures that the balance of the airdrop wallet will increase week-to-week, therefore the amount rewarded will increase from week-to-week as well :-)
Q2. How has the experience and background of your team been effective in the success of your project so far?
That’s a good question,
The easiest answer would be that our team has been effective and committed since day 1, and delivered wonderful results in every area by leveraging our strengths and expertise.
We have been able to come up with the concept that attracted over 2000+ telegram users and 1200+ Twitter users to follow the development of our project before our pre-sale and I think that’s only the beginning of our project since we have much more planned for the future.
At $KOWS we believe that results should speak for the project.
Q3. Can you give an overview of $KOWS Token tokenomics?
Will the design of the token rise and fall with the success of the platform, does it include any scarce paths,such as equity, storage or burning?
Yes of course,
Total Supply: 10,000,000,00
Burned supply: 2,72 Billion
Pre-sale supply: 4 Billion
Team tokens: 500,000,000 (Vested over 4 months)
PancakeSwap LP: 2,6 Billion
$KOWS tokens will be more scarce over time due to the 1% Burn Fee, Manual burns, and other activities and events that will speed up the burning of the tokens.
We intend to initiate various strategic marketing activities after we list on PancakeSwap to increase the trading volume of the $KOWS token, therefore provide the project with more funds to finance the innovation and development of the use-case and exponential community expansion.
Q4. Could you please provide some progress on your Roadmap and what results from $KOWS has achieved so far? And any sneak-peek into 2021 plans for $KOWS?
Our project is relatively young, but in this short time, we were able to brainstorm and conduct in-depth research about our use case and initiate contact with potential strategic partners, Create a community of people with interest in our project through effective social media marketing, hype creation while communicating our intentions and progress on project development to all of our community members. We also initiated the development of the V1 Website that should be launched, shortly after our pre-sale that will take place tomorrow at 6 PM UTC.
More updates about the plans for the future will be announced in the upcoming weeks :-) There is a lot to be excited about !!
Q5. What is the plan $KOWS to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year?
Our project intends to launch with medium size liquidity pool while also applying a 4% liquidity fee for every transaction which will sustain ideal conditions for the growth of the $KOWS token 👑
Questions asked on Twitter for The King Of Wallet Street team
Q1 From Twitter username @Tamim35641030
The gas fee on Ethereum blockchain is crazy high. Why did you decide to build your project on ETH? Any plan to incorporate with other Blockchainchain such as BSC?
Hey Tamim, our project is launched on Binance smart chain, but our ambitions are to become a multi-chain project in the future.
Q2 From Twitter username @Niqabna
I want to have a LONG TERM INVESTMENT with this PROJECT, but I’m in doubt right now, how can you convince and assure me this project is SAFE and PROFITABLE?
Our team cannot speculate about profitability because the price of the token is set by the market activity. However, It is clear to see that our team comes with a unique concept and a clear plan for its progress and development. It is everyone’s responsibility to do their research. But in a few weeks, there is going to be much more clarity regarding the value proposition of KingOfWallStreet.
Q3 From Twitter username @Braven990
What are the security measures you adopt to ensure that Your project is reliable and secure?
Security Measures that we applied:
Liquidity is locked for 5 years:
60% Of Team Tokens are (300,000,000) locked until September 5th, 2021 (Tokens unlocked in 4 periods 75,000,000 tokens each month.)
Our team is very transparent about our expenditures and plans to regularly inform the holders about the way that tokens are used to fuel the development and overall growth of the project.
Q4 From Twitter username @SakibAh22256343
Have you think the power of community will increase the project growth? What your strategies for build a strongest community?
The power of community is always a decisive factor in the success of every project. Therefore we decided to come up with an appealing value proposition that attracts new investors into our community. Also, our cooperation with several marketing partners ensures that the project will receive the needed attention and exposure to the broader crypto community. Our team’s extensive experience with community management will help to engage buyers and people interested in the development of the project.
Q5 From Twitter username @Tamim35641030
Which area you are the focus on now? Can you share, your top priorities in 2021?
Currently, we are focusing on organizing a successful pre-sale to reach our hard cap while teaming up with our future strategic partners to discuss and plan the development of our platform. In, 2021 we intend to focus on product development and $KOWS tokenomics management where we intend to burn many tokens before transforming $KOWS into an ecosystem token for our platform to reach attractive total and circulating supply before launching our platform. :-)
Questions asked by our 404 Daily Crypto community members during live Session to The King Of Wallet Street team
Q1 From Telegram username @kaido09cxc
Do you feel satisfied with success you have made till now, when you look back to day when you have started this project?
I think we did a very good job until this point but pre-sale tomorrow will show whether our value proposition was communicated to our potential investors properly, But we are staying positive seeing the attention that we are getting.
Q2 From Telegram username @PabloEmilioEscobarGaviriaMexico
As you move forward through your roadmap, what is your next most important priority/accomplishment? Does the King Of Wallet Street Project have enough fundamentals such as Funding, Community, etc to achieve this?
We want to transform the $KOWS meme coin into a token with a use case. We will further inform our community about our progress. I think that our team has the potential to stay focused on the goal and keep delivering what we promised to our community.
Q3 From Telegram username @Hukaeabc
I noticed that Binance has high transaction speeds and low fuel costs. Are you planning to launch the mainnet or switch to another blockchain in the future?
We are launching our project on Binance Smart Chain since currently, Binance Smart Chain is gaining momentum and our team anticipates this growth and sees that there is a huge need for our service in the near future since more and more misbehaving developers are scamming people due to the low barriers of entry (It is rather inexpensive and not hard to launch token on Binance smart chain).
Q4 From Telegram username @vp9099
1. Token price
From the 3 aspects which one is your main priority and why?
We believe that all of these factors need to be in symbiosis in order for the project to be considered successful.
Q5 From Telegram username @chingchonga
Marketing is an essential element of every project, so everyone knows the potential that a project can generate. What is your strategy to attract new users and investors and maintain it in the long-term?
We have many activities ranging from social media marketing (Twitter, Telegram, Facebook) partnerships with YouTubers, AMAs, publications of press related to our project, and much much more. Check out our telegram @TKingOfWallStreet for more information. 👑👑
Closing words from our guest to 404 Daily Crypto Community
I would like to thank everyone who joined this AMA to find out more about our project. :-) Have a nice day guys and check out our social media and wish us luck on our pre-sale that’s tomorrow at 6 PM UTC
Here are some important links of The King Of Wallet Street
TELEGRAM GROUP: https://t.me/TKingOfWallStreet