Thank you to everyone who joined AMA Blockelite x ChronoBase on 14th May at 1 PM UTC I 8 PM (UTC+7). Here is the recap for those who missed this AMA.
Our special guest today is CMO of ChronoBase
Segment 1: Introduction about ChronoBase
Q1: Can you briefly introduce yourself as well as about the ChronoBase?
CMO of ChronoBase: Hey, I’m CMO of Chronobase. Excited to be here and tell you guys about our project and what it stands for.
As I mentioned I’m CMO at Chronobase. Firstly, it’s worth mentioning that Chronobase tackles a very specific issue that is being frequently overlooked.
Verification of authenticity and prevention of counterfeit.
Chronobase aims to incorporate a vast collection of luxury watches, encrypt and verify their authenticity and ensure that a manufacturer and a buyer are playing on the same level field without any ulterior motives from both sides
Chronobase is bringing value to both buyers/owners as well as manufacturers and sellers.
Q2: “ChronoBase – The world’s first decentralized luxury watch database”, so who needs ChronoBase? What solutions can ChronoBase bring to these objects, and will it be useful in the future?
CMO of ChronoBase: Let’s first look at Chronobase utility from the standpoint of a buyer.
First and foremost, buyer can verify that a watch he or she is buying is indeed an authentic one. This is accomplished with the help of NFT certification and database of verified and reliable pawnshop owners or manufacturers.
Secondly, it also contributes to the resale factor of a timepiece. The earlier the watch enters the database, the more valuable such provenance record becomes afterwards.
Availability and retention of information on every timepiece is guaranteed, so information is available when you sell or buy watches
Blockelite Host: If you use Chronobase, you won’t need expert verifiers
CMO of ChronoBase: All verifications are done in the Chronobase ecosystem that utilizes NFTs as an encryption method
Which ensures authenticity
Blockelite Host: And why you choose this name: Chronobase , what mean?
CMO of ChronoBase: Chrono- means time. Base – ecosystem
Q3: Can you explain how ChronoBase works? How will the NFTs be issued and what function?
CMO of ChronoBase: NFT system is the integral part of the concept of Chronobase. With NFT certification we will be able to assign a unique, one-of-a-kind encryption that prevents any counterfeit from happening. NFTs will be issue both on eth and bsc network with NFT Binance Platform coming out in June.
NFTs will also give you a constant access to your digital verification “documents” of timepiece. Which will make it easier to corroborate its authenticity
Blockelite Host: How about developing on NEAR?
CMO of ChronoBase: I think bsc, eth, near is the best now
We are looking into many avenues at this stage of development so I wouldn’t exclude anything.
Q4: Can you tell us a little insight into future Tik token utilities, features, and token economics?
CMO of ChronoBase: TIK is a native token to the Chronobase ecosystem that serves as a utility asset, has a buying power (purchasing the platform based services), and settles transactions. It’s vital to maintaining the internal economy of the Chronobase ecosystem and it also facilitates safe and open interaction among participants.
Total supply of TIK is 1b. 80m of TIK will be available for sale on Seed round and 15m on Public round. We are also still in the process of getting tokenomics refined
Blockelite Host: Can we buy/sell TIK now?
CMO of ChronoBase: We are soon to open the gates of the first private sale/seed round. This will be one of the best opportunities to get yourself TIK in the first row.
Stay tuned for announcement on our telegram https://t.me/chronobase
Q5: What milestones have ChronoBase achieved so far and what is the next roadmap for 2021?
CMO of ChronoBase: At Chronobase we are proud to announce that we already have in our database more than 100k watches which are freely and openly available to check aspects like: Brand, reference number as well as serial number.
We are also making finishing touches on the alpha state of our platform and are eager to demonstrate our current progress and what we have achieved to our investors and future partners 😉
Plans are ambitious but we are hell-bent on delivering since our reputation is at stake!
Blockelite Host: Who are the current project partners?
CMO of ChronoBase: We can’t disclose our partners right now. However, we have couple of big guys at the round table that are ready to sponsor our endeavors. We will be announcing their names in the upcoming weeks.
Segment 2: Twitter questions
Q1: What do you think is the most unique thing ChronoBase brings to the blockchain community? How is it better than other platforms?
CMO of ChronoBase: Chronobase is unique in a sense that it utilizes NFT in the way that hasn’t been tapped into. We use NFTs as an “encryption devices” that help to secure authenticity and provide assurance for both parties: buyers and manufacturers
On top of that since everything is being done on the blockchain there is a factor of decentralization that protects private data and makes your transactions untraceable. As far as we know our utilization of NFTs in the luxury timepiece market has never been tried in the crypto before
Q2: ChronoBase offers an online store where distributors and manufacturers could offer their product, giving confidence and security to the buyer ? if so, with what payment method would this transaction be achieved or is it something that is expected to be incorporated in the future?
CMO of ChronoBase: Transactions can be settled with a native token TIK. With TIK you can purchase everything that is tied to the Chronobase ecosystem including services for consumers and manufacturers, premium subscription, and encryption/certification via NFT
We a re also not going to restrict payment methods with other currencies including eth and bnb in the future. We are striving to encompass and widen our horizons and provide users with methods of settling payments with whatever asset they have at hand
Q3: Could you elaborate on which project in this space have a similar goal to ChronoBase , how ChronoBase differs from them, and perhaps which projects do you see as potential competitors or even collaborators ?
CMO of ChronoBase: At this time we don’t see any potential competitors that tackle the same niche.
Our main focus of collaboration and cooperation is watch manufacturers and pawnshops. We are aiming at increasing our portfolio/database of available timepieces.
We are also community-driven and that’s why with Chronobase eliminating intermediaries you can get even luxurious watches cheaper than at third-party retailer shops or brand shops
Q4: Do you have any plans to expand ChronoBase in International market or globally?
CMO of ChronoBase: We are at our core GLOBAL. Our cooperation with watch manufacturers and pawnshops spans across continents. We don’t have any regulativere restrictions in terms of your country of residence at this time. So anyone from any part of the world can partake in the revolutionizing of watch industry.
Be welcome at our warm community circle https://t.me/chronobase
Q5: Many blockchain projects are just on paper and have no real meaning. What practical product is ChronoBase using? What plans do you have for a better product in the future?
CMO of ChronoBase: We are already nearing alpha test stage and getting closer to releasing a fully working platform that FUNCTIONS.
Our current aspiration is
A) Creating a strong and robust community that reciprocates and gives feedback on what improvements to the platform can be made
B) Getting partners on Board and cooperating with Watch manufacturers
Segment 3: Live questions
Q1: Security is always top priority for every user. Kindly give us some information about your security mechanism. Have you done an audit or are you planning for?
CMO of ChronoBase: We are planning to conduct security audit of smart contract with Hacken Foundation. Stay tuned for the report!
Q2: 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?
CMO of ChronoBase: We believe in gradual marketing that is both organic and is upheld by respective updates.
Our marketing will consistent of getting in touch with Influencers via YouTube and Twitter. We have couple of them on the ready and negotiating the intricacies and details of how to go about it. There are quite a lot of watch enthusiasts and influencers if you know where to look 😎
Q3: Are you a community based project? How can I work for the success of your project? Do you have a Global Ambassador Program or a Referral Rewards System?
CMO of ChronoBase: We will be rewarding our community in a number of ways including airdrops, incentivization programs and potential staking
Join us at https://t.me/chronobase
Q4: What is the role of token in the ecosystem? Where can users currently buy it, and what would be its use?
CMO of ChronoBase: TIK plays a huge role in the Chronobase ecosystem as the main asset of value that settles transactions and is the main buying power for things like service fee, premium subscription, and certification/encryption
Q5: Is ChronoBase easy for new users? What are the highlights that attract users of ChronoBase?
CMO of ChronoBase: We are dealing with users that are not the most tech savvy so we are definitely will do our best to appeal to wider audience by accommodating our website with the most user-friendly and easy-to-use UI/UX