The AMA will be happening as follows: Part 1: Warm up. Part2: Answer the selected questions from Twitter. (5 questions) Part3: The freedom Q&A session. (5 questions)
Now we will start our AMA with segment 1: Warm up
Tag: Hello everybody, welcome all of you to join today excited AMA session with TAG Ventures and Dreams Quest. Please welcome our special guest today: Mr. Steve Good – Co-Founder Dreams Quest Hello, @SteveGoodCEO, how’re you doing?
Dreams Quest: great thank you! how are you?
Tag: First, could you please introduce your team and Dreams Quest? @SteveGoodCEO
Dreams Quest: Sure I would be happy to Hey everyone, its great to be here and thank you for taking the time to learn all about our amazing project. I have been working in crypto and blockchain since 2016. Over that time I have done a number of things from advising other projects in marketing and tokenomics, to public speaking at a variety of events, to writing a best selling book for crypto beginners called Be Left Behind. I started my career in software on the pre-sales side and then moved into consulting in financial services which I did for a number of years. But at some point I realised something seemed broken with the whole financial system, something just didnt resonate or make sense to me. The fees were too high, there was too much rivalry inside banks to compete to deliver the same services, and it was all about flashing around your money, not doing good to help others. And I found myself feeling like it just wasnt what I wanted to do anymore. So I left and went into crypto. And discovered so many amazing people and even more innovation.
What we have seen in DEFI has been incredible especially over the past year. And what inspired me from the beginning when I got into crypto was about how we could create a more democratised place for financial access and control of our assets as well as find ways to help people earn money from their hard work. In the early days I got to know project like Electroneum and their goals to help the unbanked and found that inspiring. And as I began to watch how the NFT space started I realised there was something really missing.
So in joining up forces with a few others in the industry, we started back in mid 2020 to develop some game concepts using NFTs. And that quickly evolved as we realised we could actually create a play-to-earn game which is both engaging, visually appealing, and also will help people earn some money to pay their bills and perhaps even create some financial freedom.
So now I am really excited and proud to be co-founder and part of the team of Dreams Quest. We have assembled a really amazing group of people who all have a similar outlook. Our goal is to be in service to others (not in service to ourselves). We all know that building a game should be fun, but it should also bring both entertainment value as well as personal value in the form of some financial benefits.
We have spent countless hours developing amazing artwork, we have game designers from the industry who have never worked in crypto, and even have some netflix video creators helping us make our first video trailer. We have ex-Holochain head of marketing leading our marketing and creative team, and a Chainlink OG helping us with tokenomics and dynamic NFTs. And have some super smart blockchain and front end devs building our dynamic NFT funtions, our marketplace and so much more.
And we still are hiring so if you have amazing abilities in games development in Unity or have creative abilities to draw in 2D or 3D then of course we would love to hear from you to with some samples of your work.
We are building an ecosystem, community and project that we want everyone to be as proud of as we are.
Tag: What are the competitive advantages of Dreams Quest compared to other projects, Mr. @SteveGoodCEO?
Dreams Quest: This is a great question. When we set out to make Dreams Quest, we realised quite early that we had a few major goals we wanted to achieve to truly make this a game to last for people and also to really do some cool and engaging things in blockchain that we havent seen in traditional games. First off, we are hitting the NFT space but are making our game dynamic. By that we mean a few different things. First our NFTs are dynamic, meaning that the card attributes change over time. And we record the history of every transaction. Showing card history has a number of interesting outcomes. First it means that we can see who has owned the cards over time. So if a famous or well known gamer every held, owned, or rented the card, it will show that. Also, cards can evolve. They can grow, but they can also weaken too. So we capture all of that data and store it over time on chain so that everyone including the owner of their cards can see how their own cards perform.
The other aspect of dynamic is that we are using Chainlink to bring data from off chain which we can use in game. For example, every card that gets minted will have a unique random “key” which will enable that card or item to unlock other powers, abilities, vaults or chests both in game, but also within our discord channel too. We will also have in-game dynamics such as weather conditions that are both unknown as you enter a game battle and these will have the potential to change any card’s attributes.
An example might be that a mud elemental is a great card for wet conditions, but may not do as well in hot or bright conditions. So the card attribues could change to give each card minor adjustments in how they work. But naturally having other types of spell cards could undo this as well. So we are doing things to create a more dynamic and unexpected in-game experience.
We also set out from the beginning to create a gaming experience which is both visually attractive as well as designed around proper gaming mechanics. So we have a team of artists and visual designers who have created the artwork we have today, and are continuing to develop more artwork for the game, the NFT cards, and the overall experience.
We also have a team of game designers who have come from the gaming industry and have joined our team to bring their knowledge and expertise to the team so that we can weave a game together which brings both solid tokenomic utility for play-to-earn, a visually exciting experience, and game mechanics which follow some of the more traditional ways to make good games.
One other thing we decided to do when we first launch the game is to make sure that everyone can start to play for free. That means everyone will get a starter pack, and then be able to go on some tutorial quests so that they can both learn the game, but also find some valuable loot and coins.
Naturally you could go sell the loot or cash out the coins, but we hope that people will actually take the time to play more, upgrade their cards, and forge new items so that they can really start earning from participating in the game.
Tag: The last one for this segment, Can you please share with us some new upcoming events, as well as big partners Dreams Quest has been working with during its development period?
Dreams Quest: On the company development side, we have already created a partnership with Polygon, and are working with Chainlink as a technical integration. These 2 projects are both fantastic and thats helping us quite a lot to also build out our ecosystem and community. Naturally there will be more news and developments with both of them over time.
We are also working with Sandbox on a couple of fun and exciting things, one of which is to create our first pixelated character within their ecosystem. This is really fun and exciting as we look at how to cross integrate our characters with the sandbox universe. Its a great way to cross promote our projects and to showcase our characters in a fun and pixelated way as well.
Naturally we are working on a number of other really interesting other initiatives too. We are working with Polinate.io to create a crowd funding environment for our upcoming artists. We will encourage our community to upvote the artists they love and to help us pick these artists to create future artwork on one of our realms.
In fact, we are also going to help fund them from some of the NFT sales, so that we are both giving back to the community, but also helping to grow the artist as well as let our community choose what kind of artwork they want in the future.
We are also working others on the exchange side, hardware wallet side and with a variety of influencers to bring our project out to as many people as we can. We know its all about adoption and building community so we are really excited to be working with so many interesting projects and people already.
Along with this answer, segment 1 of the AMA has been closed. I think people have had a better overview of the DREAMS QUEST. Now we will turn to segment 2: Answer the closed question from Twitter. First of all, I would like to thank you to Tag’s members who have sent many questions about Dreams Quest to us.
Tag: Here is the first question: What are the ways that #DreamsQuest generates profits/revenue to maintain #DreamsQuest project and what is its revenue model ? How can it make benefitwin-win to both invester and DreamsQuest?
Dreams Quest: We generate sales from NFT. That will be a core offering from the sale of new card characters and miscellaneous items all used for in-game play.
Naturally as the platform grows and there are more people holding and spending $DREAMS tokens within the ecosystem, it means that there will be an ongoing number of tokens that we can then re-mint back to users once all of the tokens are minted from game participation.
Meanwhile the sales within the marketplace will serve as the primary revenue generating model so that we have a stable source of income to continue paying for our team and to continue paying for new creators, artists and developers as we expand the game.
Like many card based games, creation of new card packs will be exciting and fun too and a great way to improve your deck
Tag: The second question: There are several limitations in this RPG Game Play To Earn model this is the high entry fees to be able to play, which limits access for the average player. So how does DREAMS QUEST facilitate access to its model to all users regardless of their level of investment?
Dreams Quest: super question. thank you for asking
Weve designed the game as free to start. We really dont believe that making people PAY to PLAY is in alignment with PLAY to EARN especially for new players.
There will always be ways to upgrade or forge new items, and ways to pay to enter a tournament to try to win even more, but the core principle is that everyone should be able to get in, play, and start earning
Tag: And the next question: Because of the repetition of game task and a poor game concept/graphics, many “play to earn” games grow boring over time. Could you please explain Dreams Quest game concept in a few words? Will the Dreams Quest game be able to tackle the problem of game task repetition & poor UI?
Dreams Quest: Of course, thats a very good and valid question
We certainly hope to solve this yes. We are making RPG style 2.5D where you can explore around the realms to go on quests, to participate in events, and to join tournaments. All of these will enable people to earn from game play.
The goal is both an enjoyable experience but also a beautiful experience to adventure and walk around the realms
On the battle side, we have a player vs player model similar to Magic the Gathering where you have already created your game deck, and then go into battle to play.
And naturally winning will get you some rewards such as new loot or coins. And then you can use these coins to upgrade or just cash out. And you can always head to the marketplace to sell your items or trade them with other people
so you can think of this like 2 types of game experiences in one
Our aim is to create a beautiful in game experience following the same art direction that we have already started
Tag: Magic the Gathering, I really like this! Can’t wait to see your game!
Dreams Quest: The difference is we wont have land cards we will have characters and other items. a different game experience
Tag: Has your project been completely decentralized, and will there be any risk of centralization in the future, Mr. @SteveGoodCEO?
Dreams Quest: ah this is a great question. Let me take a minute to really answer this one properly
This is a great question and one that brings us the most debate to be honest.
And the reason why is really about how to grow the game and ensure everyone can enjoy and use it.
The goal of course is fully decentralised. The issue we all acknowledge and are aware of is that when it comes to mobile, we suddenly find a very limited way to engage.
Verifying transactions on a mobile phone is not user friendly and many times they dont work the way we want.
We dont want people to have a bad user experience and we also want to build a game that will give people a feeling that they are having fun and not having to verify all the time.
So we are aware that as a starting point building a decentralised and desktop based game will be great even though transaction verification could get annoying if not built right.
We have already found some really cool ways to authorise transactions upfront on metamask, but we want to make sure that users remain in control of their funds too.
On the longer term roadmap we know that mobile gaming is essential and we want to find ways to deliver what you want. We also know that the non crypto users who are the future target users may also want a simple mobile experience.
So this means we will always have to consider a hybrid or mixed solution that allows users to choose how they want to play. Its simply the reality of where we are in blockchain today and as the tech develops we will continue to do our best to keep the game as decentralised as possible while also making sure that we provide the best possible gaming experience for you.
Tag: And the last question, Sir, Your changes are commendable, how can you survive the bear market and keep building and growing as many projects have died this time around?
Dreams Quest: oh yes that is a very good question. everyone always worries about projects and bear market
In bear markets the one thing we know people do is entertainment related things like gaming.
So we believe that even in tough markets gaming should still be fine and we arent worried about bear or bull. We have to build a game which can allow people to play regardless of token price.
We have already raised funds. And we will continue to raise additional funds from card sales. So even if the market and token price are down, we will just keep building the game we have promised to bring you. And everyone will be able to play and earn no matter how the market looks.
We have just finished segment 2 of today’s AMA session Now, we turn to the last segment: Live questions I will open chat box for several minutes, so all members here can share your questions.
Tag: Q) Many projects rug pulled and exit scam recently. Why should investors trust in this your project not to do the same?
Dreams Quest: This is a good question. Maybe let me tell you who I am.
I am a public figure. I am a best selling author and I work for Tim Draper at Draper University as an educator for his students on sales, marketing and growth. So my own personal reputation is on the line.
My book is on amazon
I am willing to be public about this project because I want to make sure everyone knows who we are and why we are doing this. To create financial freedom, to enable people to play and earn, and to build an amazing community together
Tag: 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?
Dreams Quest: YES! Our go to market strategy is focussed on asian markets first. We believe this is the most active and thriving area where people both enjoy games and are already crypto enthusiasts
In fact we have even figured out to display our NFT cards with the name showing in multiple languages. We plan to add this to our marketplace so that if you buy a card, you can see the name in your own language like in Vietnamese. And our plan is to make sure the game is multi lingual!
Tag: It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make your token more valuable and what’s your plan to maintain token price and supply?
Dreams Quest: Honest answer is this. As you know we cant talk about token price when we talk about a project.
However, token utility often fails because projects do not understand that tokens must have multiple use cases inside the project. We have many ways to spend and use the token inside the game. Not only to earn and then watch the token dump. That is a bad economic model. We have a “circular economy” which means we have both supply and demand side models. So as people spend DREAMS tokens, we will park them into a reserve. These tokens will not be distributed again until after all 2b+ tokens are minted first from game play.
I hope that answered the question. We really understand the importance of making the token have true utility for buy and sell, many ways to use it so that it has long term value inside, just like any in-game currencies.
Tag: Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
Dreams Quest: Yes we have some interesting plans in development. One of them is to encourage you to participate in our LP program. But when you stake the LP to earn Dreams, we are trying to find a way to give you an NFT as collateral. This means you would have one of our game cards in your hands which you can use on a loan.
and if you imagine that after say 6 months of staying in the LP, we could look at ways to let you keep the card, like you staked our LP to earn the card. And then if perhaps you hold the card longer, then we are looking at ways to let the card “upgrade” over time for being held longer.
These are sort of degen ideas that we have and we are working on the technical side of this now to see if we can make it work. I hope you like this idea
Tag: Do the token holders have right to the participate in the governance of the project? On what kind of decisions can they vote on about the project?
Dreams Quest: Yes let me tell you about our “governance model” and the guardian cards that will be coming out on our marketplace very soon, but in a very limited supply
In gaming style, we have 2 realms, and each realm is “governed” by the Guardians. We have two types of Guardian NFT cards, so owning a card on one of the realms means you will be able to participate in a variety of activities such as creating new events, voting on battle creation, battle resolution, and supporting players within the game. Card holders will also be able to play within game to support their guilds and factions so that they are seen as valuable members within game. We will have a large number of them to ensure that there is no type of cartel and voting powers will also be limited so that no one card holder will be able to wield too much power. Its some really cool and innovative work we are doing here to really get people engaged and to support the side they have chosen
Tag: Yes sir, thank you for your time and the very insightful answers tonight
Dreams Quest: So many amazing questions! I wish I could stay to answer them all. But we will gather many of these questions and push them to our marketing team to keep answering everyone! and we will put them on the social channels and announcements channels and our discord too Discord
Tag: Once again, on behalf of TAG Ventures and the members, we would like to thank you for being here today!
Dreams Quest: Our IDO will be on Red Kite and GameFI in October! stay tuned
Tag: Wishing Dreams Quest strong development and hoping that TAG will be a reliable partner of Dreams Quest in Vietnamese market. Thank you everyone for joining.
On the Sep 9th 2021, TAG community has a Telegram AMA with Dreams Quest
At the AMA: Steve Good Co-Founder of Dream Quest, introduced and shared many interesting information about Dreams Quest.
The AMA will be happening as follows:
Part 1: Warm up.
Part2: Answer the selected questions from Twitter. (5 questions)
Part3: The freedom Q&A session. (5 questions)
Now we will start our AMA with segment 1: Warm up
Tag: Hello everybody, welcome all of you to join today excited AMA session with TAG Ventures and Dreams Quest.
Please welcome our special guest today: Mr. Steve Good – Co-Founder Dreams Quest
Hello, @SteveGoodCEO, how’re you doing?
Dreams Quest: great thank you! how are you?
Tag: First, could you please introduce your team and Dreams Quest? @SteveGoodCEO
Dreams Quest: Sure I would be happy to
Hey everyone, its great to be here and thank you for taking the time to learn all about our amazing project. I have been working in crypto and blockchain since 2016. Over that time I have done a number of things from advising other projects in marketing and tokenomics, to public speaking at a variety of events, to writing a best selling book for crypto beginners called Be Left Behind.
I started my career in software on the pre-sales side and then moved into consulting in financial services which I did for a number of years. But at some point I realised something seemed broken with the whole financial system, something just didnt resonate or make sense to me. The fees were too high, there was too much rivalry inside banks to compete to deliver the same services, and it was all about flashing around your money, not doing good to help others. And I found myself feeling like it just wasnt what I wanted to do anymore. So I left and went into crypto. And discovered so many amazing people and even more innovation.
What we have seen in DEFI has been incredible especially over the past year. And what inspired me from the beginning when I got into crypto was about how we could create a more democratised place for financial access and control of our assets as well as find ways to help people earn money from their hard work. In the early days I got to know project like Electroneum and their goals to help the unbanked and found that inspiring. And as I began to watch how the NFT space started I realised there was something really missing.
So in joining up forces with a few others in the industry, we started back in mid 2020 to develop some game concepts using NFTs. And that quickly evolved as we realised we could actually create a play-to-earn game which is both engaging, visually appealing, and also will help people earn some money to pay their bills and perhaps even create some financial freedom.
So now I am really excited and proud to be co-founder and part of the team of Dreams Quest. We have assembled a really amazing group of people who all have a similar outlook. Our goal is to be in service to others (not in service to ourselves). We all know that building a game should be fun, but it should also bring both entertainment value as well as personal value in the form of some financial benefits.
We have spent countless hours developing amazing artwork, we have game designers from the industry who have never worked in crypto, and even have some netflix video creators helping us make our first video trailer. We have ex-Holochain head of marketing leading our marketing and creative team, and a Chainlink OG helping us with tokenomics and dynamic NFTs. And have some super smart blockchain and front end devs building our dynamic NFT funtions, our marketplace and so much more.
And we still are hiring so if you have amazing abilities in games development in Unity or have creative abilities to draw in 2D or 3D then of course we would love to hear from you to with some samples of your work.
We are building an ecosystem, community and project that we want everyone to be as proud of as we are.
Tag: What are the competitive advantages of Dreams Quest compared to other projects, Mr. @SteveGoodCEO?
Dreams Quest: This is a great question. When we set out to make Dreams Quest, we realised quite early that we had a few major goals we wanted to achieve to truly make this a game to last for people and also to really do some cool and engaging things in blockchain that we havent seen in traditional games.
First off, we are hitting the NFT space but are making our game dynamic. By that we mean a few different things. First our NFTs are dynamic, meaning that the card attributes change over time. And we record the history of every transaction. Showing card history has a number of interesting outcomes. First it means that we can see who has owned the cards over time. So if a famous or well known gamer every held, owned, or rented the card, it will show that. Also, cards can evolve. They can grow, but they can also weaken too. So we capture all of that data and store it over time on chain so that everyone including the owner of their cards can see how their own cards perform.
The other aspect of dynamic is that we are using Chainlink to bring data from off chain which we can use in game. For example, every card that gets minted will have a unique random “key” which will enable that card or item to unlock other powers, abilities, vaults or chests both in game, but also within our discord channel too. We will also have in-game dynamics such as weather conditions that are both unknown as you enter a game battle and these will have the potential to change any card’s attributes.
An example might be that a mud elemental is a great card for wet conditions, but may not do as well in hot or bright conditions. So the card attribues could change to give each card minor adjustments in how they work. But naturally having other types of spell cards could undo this as well. So we are doing things to create a more dynamic and unexpected in-game experience.
We also set out from the beginning to create a gaming experience which is both visually attractive as well as designed around proper gaming mechanics. So we have a team of artists and visual designers who have created the artwork we have today, and are continuing to develop more artwork for the game, the NFT cards, and the overall experience.
We also have a team of game designers who have come from the gaming industry and have joined our team to bring their knowledge and expertise to the team so that we can weave a game together which brings both solid tokenomic utility for play-to-earn, a visually exciting experience, and game mechanics which follow some of the more traditional ways to make good games.
One other thing we decided to do when we first launch the game is to make sure that everyone can start to play for free. That means everyone will get a starter pack, and then be able to go on some tutorial quests so that they can both learn the game, but also find some valuable loot and coins.
Naturally you could go sell the loot or cash out the coins, but we hope that people will actually take the time to play more, upgrade their cards, and forge new items so that they can really start earning from participating in the game.
Tag: The last one for this segment, Can you please share with us some new upcoming events, as well as big partners Dreams Quest has been working with during its development period?
Dreams Quest: On the company development side, we have already created a partnership with Polygon, and are working with Chainlink as a technical integration. These 2 projects are both fantastic and thats helping us quite a lot to also build out our ecosystem and community. Naturally there will be more news and developments with both of them over time.
We are also working with Sandbox on a couple of fun and exciting things, one of which is to create our first pixelated character within their ecosystem. This is really fun and exciting as we look at how to cross integrate our characters with the sandbox universe. Its a great way to cross promote our projects and to showcase our characters in a fun and pixelated way as well.
Naturally we are working on a number of other really interesting other initiatives too. We are working with Polinate.io to create a crowd funding environment for our upcoming artists. We will encourage our community to upvote the artists they love and to help us pick these artists to create future artwork on one of our realms.
In fact, we are also going to help fund them from some of the NFT sales, so that we are both giving back to the community, but also helping to grow the artist as well as let our community choose what kind of artwork they want in the future.
We are also working others on the exchange side, hardware wallet side and with a variety of influencers to bring our project out to as many people as we can. We know its all about adoption and building community so we are really excited to be working with so many interesting projects and people already.
Along with this answer, segment 1 of the AMA has been closed. I think people have had a better overview of the DREAMS QUEST.
Now we will turn to segment 2: Answer the closed question from Twitter.
First of all, I would like to thank you to Tag’s members who have sent many questions about Dreams Quest to us.
Tag: Here is the first question: What are the ways that #DreamsQuest generates profits/revenue to maintain #DreamsQuest project and what is its revenue model ? How can it make benefitwin-win to both invester and DreamsQuest?
Dreams Quest: We generate sales from NFT. That will be a core offering from the sale of new card characters and miscellaneous items all used for in-game play.
Naturally as the platform grows and there are more people holding and spending $DREAMS tokens within the ecosystem, it means that there will be an ongoing number of tokens that we can then re-mint back to users once all of the tokens are minted from game participation.
Meanwhile the sales within the marketplace will serve as the primary revenue generating model so that we have a stable source of income to continue paying for our team and to continue paying for new creators, artists and developers as we expand the game.
Like many card based games, creation of new card packs will be exciting and fun too and a great way to improve your deck
Tag: The second question: There are several limitations in this RPG Game Play To Earn model this is the high entry fees to be able to play, which limits access for the average player. So how does DREAMS QUEST facilitate access to its model to all users regardless of their level of investment?
Dreams Quest: super question. thank you for asking
Weve designed the game as free to start. We really dont believe that making people PAY to PLAY is in alignment with PLAY to EARN especially for new players.
There will always be ways to upgrade or forge new items, and ways to pay to enter a tournament to try to win even more, but the core principle is that everyone should be able to get in, play, and start earning
Tag: And the next question: Because of the repetition of game task and a poor game concept/graphics, many “play to earn” games grow boring over time. Could you please explain Dreams Quest game concept in a few words? Will the Dreams Quest game be able to tackle the problem of game task repetition & poor UI?
Dreams Quest: Of course, thats a very good and valid question
We certainly hope to solve this yes. We are making RPG style 2.5D where you can explore around the realms to go on quests, to participate in events, and to join tournaments. All of these will enable people to earn from game play.
The goal is both an enjoyable experience but also a beautiful experience to adventure and walk around the realms
On the battle side, we have a player vs player model similar to Magic the Gathering where you have already created your game deck, and then go into battle to play.
And naturally winning will get you some rewards such as new loot or coins. And then you can use these coins to upgrade or just cash out. And you can always head to the marketplace to sell your items or trade them with other people
so you can think of this like 2 types of game experiences in one
Our aim is to create a beautiful in game experience following the same art direction that we have already started
Tag: Magic the Gathering, I really like this! Can’t wait to see your game!
Dreams Quest: The difference is we wont have land cards
we will have characters and other items. a different game experience
Tag: Has your project been completely decentralized, and will there be any risk of centralization in the future, Mr. @SteveGoodCEO?
Dreams Quest: ah this is a great question. Let me take a minute to really answer this one properly
This is a great question and one that brings us the most debate to be honest.
And the reason why is really about how to grow the game and ensure everyone can enjoy and use it.
The goal of course is fully decentralised. The issue we all acknowledge and are aware of is that when it comes to mobile, we suddenly find a very limited way to engage.
Verifying transactions on a mobile phone is not user friendly and many times they dont work the way we want.
We dont want people to have a bad user experience and we also want to build a game that will give people a feeling that they are having fun and not having to verify all the time.
So we are aware that as a starting point building a decentralised and desktop based game will be great even though transaction verification could get annoying if not built right.
We have already found some really cool ways to authorise transactions upfront on metamask, but we want to make sure that users remain in control of their funds too.
On the longer term roadmap we know that mobile gaming is essential and we want to find ways to deliver what you want. We also know that the non crypto users who are the future target users may also want a simple mobile experience.
So this means we will always have to consider a hybrid or mixed solution that allows users to choose how they want to play. Its simply the reality of where we are in blockchain today and as the tech develops we will continue to do our best to keep the game as decentralised as possible while also making sure that we provide the best possible gaming experience for you.
Tag: And the last question, Sir, Your changes are commendable, how can you survive the bear market and keep building and growing as many projects have died this time around?
Dreams Quest: oh yes that is a very good question. everyone always worries about projects and bear market
In bear markets the one thing we know people do is entertainment related things like gaming.
So we believe that even in tough markets gaming should still be fine and we arent worried about bear or bull. We have to build a game which can allow people to play regardless of token price.
We have already raised funds. And we will continue to raise additional funds from card sales. So even if the market and token price are down, we will just keep building the game we have promised to bring you. And everyone will be able to play and earn no matter how the market looks.
We have just finished segment 2 of today’s AMA session
Now, we turn to the last segment: Live questions
I will open chat box for several minutes, so all members here can share your questions.
Tag: Q) Many projects rug pulled and exit scam recently. Why should investors trust in this your project not to do the same?
Dreams Quest: This is a good question. Maybe let me tell you who I am.
I am a public figure. I am a best selling author and I work for Tim Draper at Draper University as an educator for his students on sales, marketing and growth. So my own personal reputation is on the line.
My book is on amazon
I am willing to be public about this project because I want to make sure everyone knows who we are and why we are doing this. To create financial freedom, to enable people to play and earn, and to build an amazing community together
Tag: 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?
Dreams Quest: YES! Our go to market strategy is focussed on asian markets first. We believe this is the most active and thriving area where people both enjoy games and are already crypto enthusiasts
In fact we have even figured out to display our NFT cards with the name showing in multiple languages. We plan to add this to our marketplace so that if you buy a card, you can see the name in your own language like in Vietnamese. And our plan is to make sure the game is multi lingual!
Tag: It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make your token more valuable and what’s your plan to maintain token price and supply?
Dreams Quest: Honest answer is this. As you know we cant talk about token price when we talk about a project.
However, token utility often fails because projects do not understand that tokens must have multiple use cases inside the project. We have many ways to spend and use the token inside the game. Not only to earn and then watch the token dump. That is a bad economic model. We have a “circular economy” which means we have both supply and demand side models. So as people spend DREAMS tokens, we will park them into a reserve. These tokens will not be distributed again until after all 2b+ tokens are minted first from game play.
I hope that answered the question. We really understand the importance of making the token have true utility for buy and sell, many ways to use it so that it has long term value inside, just like any in-game currencies.
Tag: Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
Dreams Quest: Yes we have some interesting plans in development. One of them is to encourage you to participate in our LP program. But when you stake the LP to earn Dreams, we are trying to find a way to give you an NFT as collateral. This means you would have one of our game cards in your hands which you can use on a loan.
and if you imagine that after say 6 months of staying in the LP, we could look at ways to let you keep the card, like you staked our LP to earn the card. And then if perhaps you hold the card longer, then we are looking at ways to let the card “upgrade” over time for being held longer.
These are sort of degen ideas that we have and we are working on the technical side of this now to see if we can make it work. I hope you like this idea
Tag: Do the token holders have right to the participate in the governance of the project? On what kind of decisions can they vote on about the project?
Dreams Quest: Yes let me tell you about our “governance model” and the guardian cards that will be coming out on our marketplace very soon, but in a very limited supply
In gaming style, we have 2 realms, and each realm is “governed” by the Guardians. We have two types of Guardian NFT cards, so owning a card on one of the realms means you will be able to participate in a variety of activities such as creating new events, voting on battle creation, battle resolution, and supporting players within the game. Card holders will also be able to play within game to support their guilds and factions so that they are seen as valuable members within game. We will have a large number of them to ensure that there is no type of cartel and voting powers will also be limited so that no one card holder will be able to wield too much power. Its some really cool and innovative work we are doing here to really get people engaged and to support the side they have chosen
Tag: Yes sir, thank you for your time and the very insightful answers tonight
Dreams Quest: So many amazing questions! I wish I could stay to answer them all. But we will gather many of these questions and push them to our marketing team to keep answering everyone!
and we will put them on the social channels and announcements channels and our discord too
Discord
https://discord.gg/A7Nd7nR7sG
Social ACCs
https://www.facebook.com/DreamsQuestNFT/
https://www.reddit.com/r/dreamsquestnft/
https://www.instagram.com/dreamsquestnft/
https://www.linkedin.com/company/dreamsquest/
Website:
Global telegram
chat: https://t.me/dreamsquesttavern
ann: https://t.me/dreamsquestnftann
Vietnam Telgram:
https://t.me/dreamsquestnft_VN
Tag: Once again, on behalf of TAG Ventures and the members, we would like to thank you for being here today!
Dreams Quest: Our IDO will be on Red Kite and GameFI in October! stay tuned
Tag: Wishing Dreams Quest strong development and hoping that TAG will be a reliable partner of Dreams Quest in Vietnamese market.
Thank you everyone for joining.