Thank you to everyone who joined AMA Blockelite x Netbox Global on 16th July at 12:00 PM UTC I 07:00 PM (UTC+7). Here is the recap for those who missed this AMA.
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Yuno – Blockelite Host: Hello fellow Eliters and welcome to another Blockelite AMA Series
So ladies and gents, Our special guest today is Andrew – Co-Founder & Head of Product of Netbox
Hello @andrewkonon , welcome to Blockelite today
Andrew – Co-Founder & Head of Product of Netbox: Hi there, Andrew Konon is here
Yuno – Blockelite Host: 🙂 Hello, nice too meet you here
How are you today?
Andrew – Co-Founder & Head of Product of Netbox: Same here, thanks!
Doing well, ready to hold the AMA session. Today celebrating 10th aniversary of Netbox
Yuno – Blockelite Host: Great
Before moving on segment 1, Can you please introduce yourself and share a quick overview of Netbox ?
Andrew – Co-Founder & Head of Product of Netbox: Sure thing
My name is Andrew and I am the Co-Founder and Head of Product at Netbox Global.
First and foremost, thank you for having us, I’m really excited to answer all of your questions. Essentially, Netbox Global is a blockchain-based technology firm whose mission is to correct the shortcomings that are present in current web infrastructure such as web and mobile browsers. The central goal for the Netbox ecosystem is to develop products that provide the utmost value to our global community. Glad to see you all here.
Yuno – Blockelite Host: Thank you, for your introduction, our pleasure to have you join us today
On to the Segment 1 of our AMA, we hope you’re ready for the next few questions coming at you!
Andrew – Co-Founder & Head of Product of Netbox: Absolutely.
Yuno – Blockelite Host: Our guest is ready, we will enter Segment 1 right now !!!
Q1: Netbox has multiple blockchain based products. Most notably is their blockchain based web browser. Can you tell us why this product is superior to similar products like Brave?
Andrew – Co-Founder & Head of Product of Netbox: I wanna say that Brave is a great product, however it lack some fundamental features that Netbox.Browser carries. The key feature of Brave is tracking and ads free web browsing. We are working towards eliminating annoying ads too, but ads in the Facebook or in Google is useful most of the times. There is a study that shows that contextual ads in Google search results page are even more relevant to the user’s query that normal snippets. By no means we want to eliminate it. We don’t want to ruin ads business.
Instead we make a bet on decentralized infrastructure. On the private Internet, on internal economy and rewards.
Join us and feel how Netbox.Browser makes a difference.
Yuno – Blockelite Host: Thank you, next question
Q2: DeFi has been the trend of 2021 and a lot of projects have capitalized and offered ways to earn money through staking and masternodes. Can you tell us about Netbox’s Staking and Masternode programs and what kind of ROI users can expect?
Andrew – Co-Founder & Head of Product of Netbox: Staking and Masternode rewards are the parts of each new block generated every single minute within Netbox.Chain. These rewards have inflationary model depending on total coin supply. So they can increase or decrease every minute. All the stakers and masternode holders get their part of these rewards! Staking APY is around 13% now and Masternode holders have ~20% per year.
Yuno – Blockelite Host: nice number =))
Thanks, next question
Q3: Netbox also offers several products beyond its browser and NBX token. Most notable, is their gaming arcade, which includes dozens of interactive games. Can you please tell us about which games are the most popular?
Andrew – Co-Founder & Head of Product of Netbox: Netbox.Games is a platform that provides game developers with the ability to create new and bring existing games onto blockchain rails.
One of the first examples of using the Netbox.Games platform was the creation of the BattleShip Game on NBX (https://battleship.netbox.global) and now we have more than 5600 happy users who have their own experience in blockchain gaming.
Also we have the Netbox.Lottery which is the first-of-its-kind blockchain-based provably fair lottery, dedicated to solving all the traditional lottery problems using Netbox.Chain opportunities.
Yuno – Blockelite Host: Sounds great, continue with Q4
Q4: This Monday, you launched your bridge token, connecting the NBX coin to the Binance smart chain. Can you explain why this is valuable to the Netbox ecosystem, and what new opportunities this NBXB bridge token will unlock for Netbox?
Andrew – Co-Founder & Head of Product of Netbox: Yes, the bridge is just awesome. Netbox.Bridge is a reversible cross chain bridge between Binance Smart Chain (BSC) and Netbox.Chain.
The value can travel seamlessly through these chains to provide access to: Smart Contracts, DeFi markets, DEX listings (such as PancakeSwap, Uniswap, SushiSwap, 1inch Exchange and others), while maintaining NBX transactions fast and cheap.
Yuno – Blockelite Host: I love BSC 🙂
Last question in segment 1
Q5: Netbox Global has grown rapidly and has amassed a large online community that’s socially engaged with your channels. How can community members become more involved with Netbox’s activities and be a part of the ecosystem?
Andrew – Co-Founder & Head of Product of Netbox: We’re happy to have received this question. Just recently, we announced the revitalization of one of our key community initiatives called the “Global NetBassador Program.” This is one of the biggest pillars of focus in our social media and community engagement efforts and I encourage everyone who finds value in our products and who wants to contribute to our ongoing growth, to visit our Medium article and apply. There are tons of incentives for our NetBassadors who will join us and we’re very excited to work directly with our community to better serve their needs.
Yuno – Blockelite Host: What is the next roadmap for 2021 and more ?
Andrew – Co-Founder & Head of Product of Netbox: The closest product to be delivered in 2021 within the Netbox.Global ecosystem is Netbox.DeFi. More details can be found here https://netbox.global/defi
Yuno – Blockelite Host: Thanks for sharing
We wrapped up nicely the first part.
Are you ready for Segment 2 (5 best questions from form)?
Andrew – Co-Founder & Head of Product of Netbox: Yes, ready to move foreward
Yuno – Blockelite Host: Our guest is ready, we will start Segment 2 right now !!!
Q1: “DEFI is growing too fast and the likelihood of it being interrupted is very high. What do you think about this and can you be sure that your project product will be in demand in the long term? Netbox are there any plans to contribute to DeFi’s development?”
Andrew – Co-Founder & Head of Product of Netbox: We have a wide range of financial motivation to participate. Netbox has built interesting and modern model which combines DeFi and native blockchain rewards. So DeFi is yet another part of Netbox.Global infrastructure. For example, Staking and Masternode rewards are the parts of each new block generated every single minute within Netbox.Chain. These rewards have inflationary model depending on total coin supply. All the stakers and masternode holders get their part of these rewards. Staking APY is around 13% now and Masternode holders have ~20% per year.
Yuno – Blockelite Host: Next question
Q2: What is the most ambitious goal of Netbox ? What is the ultimate vision that your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates ?
Andrew – Co-Founder & Head of Product of Netbox: Netbox.Global is a blockchain-based technology company aimed at correcting all the shortcomings inherent in classic centralized web browsers. Working at the junction of new blockchain technologies and browser solutions, Netbox.Global is user-focused and innovative in its approach to product development and implementation. That’s why Blockchain technology integrated in every single browser (mobile or desktop) is most ambitious goal of Netbox! Follow our roadmap (https://netbox.global) to find all the delivered and products which are under development.
Yuno – Blockelite Host: Next question
Q3: Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
Andrew – Co-Founder & Head of Product of Netbox: Sure! The history shows that long term investors win always. Netbox supply is fixed on 100 mln coins maximum. Netbox products are made to use these coins within Netbox ecosystem (Netbox.Drive, Netbox.Proxy, Netbox.Video, etc.). NBX is an inflationary and utility coin with working main net and running products.
Yuno – Blockelite Host: Next question
Q4: What are your top 3 priorities for 2021? Can you share some of your plans for the coming year as well as your token development plan and strong community so that people can have a good look at your project?
Andrew – Co-Founder & Head of Product of Netbox: Netbox is looking forward to build strong Netbox ecosystem and community. This year we have released some milestone products like Netbox.Bridge to Binance Smat Chain which will allow us to move faster, according market interests. For community engagemant we started Netbox ambassadors program which allows to deliver Netbox.Global ideas all over the world with native speaking users! This is one of the biggest pillars of focus in our social media and community engagement efforts and I encourage everyone who finds value in our products and who wants to contribute to our ongoing growth, to visit our Medium article and apply. There are tons of incentives for our NetBassadors who will join us and we’re very excited to work directly with our community to better serve their needs.
Yuno – Blockelite Host: Ok, last question of this segment, everyone please prepare good questions for segment 3.
Q5: What is the main intention of launching the NBXB token on the BSC network, and what are the expansion plans within the binance smart chain network ?
Andrew – Co-Founder & Head of Product of Netbox: Netbox.Bridge is a reversible cross chain bridge between Binance Smart Chain (BSC) and Netbox.Chain. The value can travel seamlessly through these chains to provide access to: Smart Contracts, DeFi markets, DEX listings (such as PancakeSwap, Uniswap, SushiSwap, 1inch Exchange, etc.), while maintaining NBX transactions fast and cheap. This step opened the doors also to some popular wallets for storing NBXB like Metamask, Trust Wallet and others.
Yuno – Blockelite Host: You are awesome, thanks for answer all 5 best questions from form
Last Segment for AMA today, The guests will select 5 best questions from the community.
Andrew – Co-Founder & Head of Product of Netbox: Thanks everyone. Looking at your questions which are awesome. Just a couple of minutes to begin answering to the top 5.
Blockelite Community:
Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project?
Andrew – Co-Founder & Head of Product of Netbox: Yes we have local communities in which you may find answers to your questions in your native languages. Here you go:
Russia 🇷🇺 @NetboxGlobalRus
France 🇫🇷 @netboxglobalfrench
Poland 🇵🇱 @netboxpolska
Italy 🇮🇹 @netboxitalia
Spain 🇪🇸 @NetboxGlobalEsp
Brasil 🇧🇷 @NetboxGlobalBrazil
Indonesia 🇮🇩 @Netbox_id
Vietnam 🇻🇳 @NetboxGlobalVietnam
Bangladesh 🇧🇩 @netboxbd
India 🇮🇳 @NetboxGlobalIndian
Philippines 🇵🇭 @netboxphilippines
Netherlands 🇳🇱 @netboxglobalnl
Blockelite Community:
Regulations are important, Many projects have been shut down in many countries because they are not using the right regulations and licenses. In order to reach the whole world, How Netbox Global handle this problem?
Andrew – Co-Founder & Head of Product of Netbox: This is a good one, thanks. Not long ago we have received a legal opinion from Legal Kornet LLC which certified Netbox.Coin is compliant to the regulations of Europe, USA and Asian Countries. So we may legally be listed to the major crypto exchanges within the reach.
Blockelite Community:
When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future?
Andrew – Co-Founder & Head of Product of Netbox: The previous answer discloses a little bit of the process of listing. We are heading towards those listings anticipating them as much as our community does.
Blockelite Community:
Do you have any plans to add Nft’s to your ecosystem as this is the hottest topic in the crypto space?
Andrew – Co-Founder & Head of Product of Netbox: We always try to follow the hottest trends and taking in account that Netbox.Browser is a perfect media to distribute NFTs we negotiate with the 3rd parties to incorporate this technology into our eco system.
Blockelite Community:
Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?
Andrew – Co-Founder & Head of Product of Netbox: Right, getting holders onboard is not our ultimate goal. The real world problem that Netbox tackles is the lack of widelly distributed networks of blockchain nodes in the net. Netbox.Chain encounters more than 250k users, most of which carry fully functioning blockchain nodes. As cool as it sounds our blockchain network is now more distributed than the one of Etherium and keeps growing.
Yuno – Blockelite Host: Thank you for joining today AMA! It was awesome!
Our AMA session is now over !!!
Andrew – Co-Founder & Head of Product of Netbox: Thanks for your amazing questions and for your active participation. Really appreciate this.
