AMA Recap: MegaVentures X ShoeFy

Mega Ventures
6 min readJan 22, 2022

Host: Hello Michal welcome to Mega Ventures community.

Michal: Thank you. Looking forward

Host: Great to meet you, I’m Akash

I will be hosting AMA. Let’s start AMA session.

Host: 1st Segment Introduction

1: Please introduce yourself to our community and how long you’ve been in this field?

Say “Done” when you complete your answer thanks.

Michal: I am in the crypto space ever since late 2016, so I assume you can call me a crypto OG since I have already been around for two bull markets. In March 2017 I’ve held my first ever Ted talk about distributed ledger technology and blockchain, realizing the benefits of such a technology.

In March this year, I have started my own blockchain venture capital firm called Catena Venture Capital, and that’s how I came across some great talented people, one of them being the founder of ShoeFy.

Host: Thanks, Our community would love to know about your team and founders. How big is the team right now?

There is a lot of us 😉 The project is led by a team of experienced blockchain venture capitalists, creative NFT developers, and top-tier marketing experts spanning from Europe to Canada and onto South Korea & Thailand in SE Asia. Our team members share common goals and foresee a huge opportunity in the NFT and DeFi market space. In terms of their backgrounds, some of them are founders of creditable VC firms and also marketing experts. Other members have experience in reputable crypto projects and exchanges. Also, we have boarded a tech team of superior talent building our platform.

Host: Cool! Thanks for the background. Are you currently expanding and adding more talents to your team?

Yes, our team is growing at a fast pace. We are continuously onboarding new blockchain developers to help us fulfill the vision of bringing revolutionary technology to NFTs.

Host: That would be great

Great to see the experienced team behind the ShoeFy project. Briefly enrich our audience about the main concept behind “ShoeFy” How long you’ve been building this?

Michal: ShoeFy is an innovative decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). It is a futuristic NFT project that utilizes cutting-edge Defi tools to maximize returns. ShoeFy can amplify the NFT’s potential by including both farming and staking to generate passive income.

ShoeFy will have two tokens namely, $SHOE(ERC-20), the native Fungible Token, and sNFTs (ERC-721) which are randomly generated on-chain. Each NFT is an algorithmically programmed unique digital pair of shoes on the platform.

Host: What are your main features that distinguish you from other projects and what competitive advantages do you have?

First thing, we have the sNFT staking feature on our platform. The current trend of NFTs is just buy-hold and sell. ShoeFy is here to let the users put the NFTs to work by staking and then earning passive income.

Secondly, ShoeFy have a scheme where the first user to mint the sNFT and if he sells it in the secondary market, the user will be rewarded with royalties every time the sNFT is being traded in the future. ShoeFy appreciates its early supporters.

Thirdly, we have the LP boosters called bNFTs. So if you purchase these LP boosters, it will multiply your staking rewards by 1.2x, 1.5x or 2x and more depending on the type of boosters you purchased.

If we talk about all our future plans, they all deserve to be mentioned as killer features but for now, let’s keep it to these 3.

Host: It’s easy to make a token but it’s really hard to make this token valuable? So what’s your strategy to make your token more valuable and what’s your plan to maintain token price and supply?

Michal: In order to stabilize the price of the $Shoe token and ensure an upwards price momentum, ShoeFy is bringing some revolutionary aspects to both FT and NFTs.

$SHOE token will be utilized as the native token to add Utility to NFT via staking, farming, and LP which generates the passive income.

$SHOE token will be used for the Governance, DAO.

$SHOE will also be used as the entry ticket to the ShoeVerse (metaverse of shoefy platform) and at the later stage for incentivizing in the play to earn games such as shoe battles, shoe contests, and shoe fashion shows.

$SHOE will be used as the SWAP fee for the NFT SWAP.

$SHOE token is required to be paid for minting/farming new shoe NFT in the shoeFy platform.

Host: Thank you so much Michal for the very detailed answers!

2nd Segment: Live Questions from Participants

1: With social media marketing, what specific ways will your community get involved, and is there possible consideration for an influencer/ambassadorial type marketing drive?

Michal: Yes, we are planning to do an Ambassador program where each of our dedicated supporters will earn benefits in $Shoe tokens for being part of our Ambassador program.

This is definitely in our roadmap, and please follow our telegram and discord in order to be always up to date when we drop a new exciting opportunity!

🚀 Email: contact@shoefy.io

🚀 Website: https://www.shoefy.io/

🚀 Telegram Official Chat: https://t.me/ShoeFy_Official

🚀 Telegram Official Announcement: https://t.me/ShoeFy_Official_Announcements

🚀 Twitter: https://twitter.com/ShoeFyio

🚀 Medium: https://medium.com/@ShoeFy

🚀 Discord: https://discord.com/invite/n3zbkzC4

🚀 Reddit: https://www.reddit.com/r/ShoeFy/

2: Is your platform suitable for Crypto beginners?
How does ShoeFyio intend to simplify things for new users/participants just coming to the crypto space?
How will you guys overcome barriers to mass adoption?

Michal: Yes! Our platform will be beautifully designed and therefore easily usable by crypto beginners. Since we want to introduce a new community of art collectors to Defi + NFT technology, we will have an onboarding marketing campaign to explain how everyone can set up a metamask, mint, and NFT, and interact with OpenSea.

All of these steps are going to be included in our onboarding sales funnel targeted at crypto beginners!

3: Visuals and other instruments are pretty good in SHOFYIO. But lately, there are too many NFT-BASED projects prepared because of the game trend. What is the strongest side of SHOFYIO that you think will make a sustainable place in the market if the NFT trend is slow down?

Michal:

ShoeFy is always developing, therefore we are confident that we will continue to introduce new and up-to-date NFT features to our community as they come available.

Currently, we are in the phase one stage of development where early staking of fungible tokens is completed, NFT staking pools are being implemented and the NFT randomization, algorithm generations are in progress. The beta test net is expected to be ready in the next 3 weeks.

So far we have partnered with very reputable names like DuckDao, ExNetwork, BMW Capital, Gains Associates, OxBull and many more to be announced over the coming weeks. These firms have invested in ShoeFy and are also contributing to ShoeFy’s marketing and exposure to wider audiences across the world. With the amazing product we are developing and these big names backing the project, we are confident that ShoeFy can penetrate the market really hard.

4. For a project development first of all main priority is having enough funds. Does your team financially capable to run this project? Do you have enough funds for its development Can you tell us that how your project generates profit?

Michal: One week ago we have announced that we have successfully raised $1.75 Million. This number is now much higher as we continue to raise and grow our network!

https://medium.com/@ShoeFy/shoefy-raised-1-75-million-in-seed-private-round-1-51a028ef43a7

5. What is the contract address to buy your token and what is your plan to list in top-tier centralized exchanges?

Michal: We have a very reputable CEX which has invested in ShoeFy! We are so excited about it! However we cant reveal many details as of right now! So please stay tuned into our social channels to never miss an announcement when we publish it!

🚀 Website: https://www.shoefy.io/

🚀 Telegram Official Chat: https://t.me/ShoeFy_Official

🚀 Discord: https://discord.com/invite/n3zbkzC4

Thank you so much Michal for the very detailed answers!

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Mega Ventures
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