AMA Recap: Splyt x Kyros Ventures x TAG Ventures (English)
By
TAG
-
08/04/2021
On the 7th of April, TAG community has a Telegram AMA with Splyt x Kyros Ventures At the AMA, Cyrus Taghehchian CEO of Splyt and Lindsey Mallon CMO of Splyt and introduce and share many Interesting information about Pandora.
And here are the key
takeaways of the AMA: Tag: The AMA would be happened
as follows
Segment 1: Greeting and
Introduction.
Segment 2: Answer the
closed questions from community (5questions)
Segment 3: Live Q&A
session (8questions)
Tag:Yes, Let’s start with segment 1: Warm up
To start, I would like to introduce Splyt’s CEO – Mr. Cyrus Taghehchian
and CMO – Ms. Lindsey Mallon
First, could you please introduce your team and Splyt?
Splyt x Kyros Ventures: Yes, we are a team that started in 2017. We have
a ton of experience in blockchain: I got into BTC in 2014 and built dApps in
2016, Josh has been coding in Solidity since 2016 and e-commerce: Lindsey has
been in retail for 10 years and I have over 10 years of experience implementing
Enterprise tech solutions.
We are kind and respectful to each other and
thus build better for the users too! Our HQ is in Los Angeles with parts of our
team in South Korea too!
Tag: What are the competitive advantages of Splyt compared to other projects?
Splyt x Kyros Ventures: Splyt advantage really starts with our community. We are all
kind, empathetic, and always there to help out. This is going to be a big part
of our culture as we open source the project. With that, we think differently
too. Splyt is built as a marketplace of marketplaces connecting all storefronts
backends together. That hasn’t been done before by any other project. Open
Bazaar creates decentralized marketplaces that can plug into the Splyt network.
Boson uses NFTs for a voucher system to redeem products but they require you to
use their interface. Most of our competitors can use Splyt lol. We are more of
a layer-2 solution that anyone can use. Even other crypto projects!
Tag:Last question for this segment Now please share with us some new upcoming events, as well as big partners Splyt has been working with during its development period?
Splyt x Kyros Ventures: Upcoming events- we’re
launching the Shopify app soon, with more to follow. We have Maison Du, our
first use case catered towards the luxury industry, is launching this fall.
Migration to Polkadot. So much happening right now!
Partnerships- we’re really humbled by the
interest in Splyt. We have such a big community of support. Main partners, though-
Kyros , Master Ventures, Bigcoin, Morningstar…
We have some other things in the pipeline as
well, mainly collaborations, but those won’t be announced until dates are
closer so stay tuned!
Yes, we have our Splyt Meditation Event coming up on April 17th – be
sure to join on that. Crypto + Zen
We also just announced a partnership with
Morningstar Ventures and Bridge Mutual – very excited to work with them on our
NFT system! We have some more BIG partnerships we are going to get to announce
later this month. Stay tuned!!! It’s gonna be so fun
For more information, we
will turn to Segment 2: Answer the questions form Telegram.
Firstly, I would like to say thank to our members
that have sent us many questions on Telegram.
Tag:The first question’s from @Namlv89:
Every successful project has a few stories
behind the scenes, what’s the story behind Splyt success? What was that vision
when it first emerged as an idea? Are there any special prototypes or upcoming
Splyt updates that you want to share with us?
Splyt x Kyros Ventures: Yes a fun question! It all started at a party at the University of California, Irvine. I went to a friends party and met a guy who was into Ethereum., which got me interested. I had gotten into BTC in 2014 so I picked up on Ethereum right away. Funny, that same guy introduced me to Josh, our CTO, thru ETHNews. Small world and I’m grateful for it.
Once we started talking about building the first version of Splyt, we wanted to tokenize real life assets. We were on of the first to mint NFTS on Ropstein testnet in 2017. The erc-721 standard was not adopted yet, that came a year later in 2018. The first version was so funny, we created a erc-20 with a supply of 1 LOL. From there we decided to make our own NFT, called the “eNFT” that has e-commerce data and smart contracts coded into every NFT. Fun stuff! We have a great team and very good technology – excited to go live to mainnet very soon in the next quarter! Glad to have you all as supporters of SHOPX, very grateful
Tag:The second question’s from @Prettyboy7:
Many blockchain projects are on paper only and
no product or product has no practical meaning. Please let us know what is
Splyt’s currently practical product in use? What are your plans for the product
to be better in the future?
Splyt x Kyros Ventures: Good
question! We’ve been developing our tech since 2017- Cyrus was working with
NFT”s before the NFT was even a term and the erc-721 was accepted.
Our eNFT is solutions oriented, so that is a
huge difference from everyone else out there. It started solutions oriented- to
resolve the double sell problem and enable fractional ownership. We’ve built it
out to do so so so much more since then. Our eNFT has smart contracts built
into them to mediate sales commissions/bounties, enables transparency in sales
partnerships, acts as a proof of authenticity which dismantles the knock-off
industry, and tracks data points over lifetime of product in resale market. We
Furthermore, we also have built our tech out to
adopt into existing business structures… so we come to you, not the other way
around. We maek it easy to onboard into the Splyt protocol. If people are
intimidated by or dont understand something, it often scares them away. We make
it seamless, effortless, and we break it down so that its easily digestable for
anyone.
The problems we resolve are universal, so the
solutions we create are also universally understood. We’re so amazed by how
Splyt is being received! We didn’t think people would entirely get it…. but
people really do. I think that’s because the pain points are so communal- we
all know the problems in e-commerce. so appreciating the solutions, it almost
sells itself.
We have plugins coming. We have Maison Du launching for luxury market,
and then we’re expanding out from there!
Tag:Next question’s from @TrHieu87:
Marketing is a central element for every
project, so that everyone knows the potential that a project can bring is vital
to achieve the goals set. What is your strategy to attract new users and
Investor to your platform and keep them long term?
Splyt x Kyros Ventures: I think i touched a bit on this above, but yes- aboslutely!
Marketing is key in mass adoption! We really understand the importance of
creating conversations around the solutiosnwe solve and focusing our branding
on the everyday user. We aren’t limiting ourselves to the blockchain community.
We see universal usage. We see Splyt as the infrastrcture all ecommerce will be
built onto.
By making other systems adoptable into our
protocol, and by enabling brands to track their own SKU’s and metadata with our
eNFT, we enable brands to have a win-win. They keep their internal structures,
but resolve pain points and create more trackable data for brands.
aison Du is cateed to luxury industry, an indsutry that will relaly see
the maximum capacity for the eNFT with resale tracking and proof of
authenticity. It’s also a market that sturggles the most online to scale and
find new customers. We’re really excited to onboard with them. Its the largest
marketplace online and also, arguable, the most influential. Everything starts
at the top.luxury, adn trickles down, so I think mass adoption frmo there will happen
organically (and with good marketing hehe)
Tag: Let’s move to the 4th
question it’s from @balance8950:
Is SPLYT platform suitable for Crypto beginners? Or does it only appeal to
professional users?
Splyt x Kyros Ventures: It appeals
to everyone! You don’t have to use crypto to shop within the Splyt ecosystem.
We create buyer rewards with our SHOPX token and enable people to shop just in
crypto… so you can either ease your way in or go full throttle! Just like the
tech, we work in the background. We meet you at your comfort level. You don’t
have to understand crypto to interact on the platform, but we do help bridge
the gap!
Tag:The last question’s from @QuyenCao93:
Adoption is one of the important factors that
all sustainable blockchain projects should focus to be more attractive in the
investors’s eyes. What did Splyt do and plans to do to achieve real world
adoption?
Splyt x Kyros Ventures: Great question! There are so many cool blockchain
projects out there but they require users to try something new and blockchain
can be scary and turn off users. This is a problem if we are looking to get
global market adoption. Splyt took this to heart and so we took another
approach. We built Splyt to work in the backend of e-commerce stores. We even
made it easy to connect to the blockchain using our clients, like our Shopify
app. All a user has to do is download it. They use Shopify like they normally
do, but get all the value of using Splyt and using out eNFT system. You can
even watch a video of it working at the link below!
Splyt NFT Infrastructure Powered by Polkadot
We have just finished segment 2 of today’s AMA
session, thanks Mr. Cyrus Taghehchian and Ms. Lindsey Mallon for the great
news.
Now we turn to Segment 3: Live Q&A session (8
questions)
Tag: Can you list killer features of SPLYT that makes
it ahead of its competitors? What is the competitive advantage your platform
has that you feel most confident about ?
Splyt x Kyros Ventures: we’re the only eNFT that is solutoins oriented! all other
eNFTs are novelty based. We also are brdging the gap betweeen blockchain and
mass market usage!
Tag: Why do you guys think your project is needed
today’s market place?
Splyt x Kyros Ventures: everyone is moving online rapidly due to covid! the stars
kind of aligned for us with our launch for this and many other reasons. With
the mass migration online, the pain points are really magnified. Covid has
enabled many to step back and look at those pain points and start asking for
solutions. Crypto has become more accepted, NFT’s are trending right now which
warms people to the idea of them…
Tag: In Splyt’s shoppable NFT catalog, purchasers can
browse whatever products they’re interested in without worrying about
additional marketing expenses, but if I myself had a product to promote, would
the catalog care to endorse it? In Splyt’s shoppable NFT catalog, purchasers can
browse whatever products they’re interested in without worrying about
additional marketing expenses, but if I myself had a product to promote, would
the catalog care to endorse it?
Splyt x Kyros Ventures: Great question. We believe in a free open market. You can attach a
bounty to every eNFT so when it is in the catalog, it will be promoted relative
to the other bounties. The higher the bounty, the more likely others will
endorse it for you! A transparent and trusted system!
Tag: In regards of the Universal Reputation System,
can customers easily check the reputation of certain online stores?
Splyt x Kyros Ventures: yes,we have systems so that brands, online stores, and
consumers can be rated and held accountable!
Tag: Mostly people only care about price at short-term
and they don’t think about long-term so What is benefits and motivation to keep
$SHOPX in long-term ?
Splyt x Kyros Ventures: the growth of the Splyt protocol! Once Maison Du
and other marketplaces onboard, SHOPX will be a universally used token in ecommerce!
Tag: How long do you think the development of Splyt
will take to be used all over the world, is it difficult to make such an
adaptation ?
Splyt x Kyros Ventures: I think we have a really strong start with the
luxury industry. We’re hoping that within the next few years, this truely will
be the infrastructure all ecommerce interacts through. Only time will tell
exactly how long that will take, but we’re betting on sooner than later!
Tag: What is the $SHOPX utility in the ecosystem?
Where it will be used and why would the demand for $SHOPX increase? Please tell
us about your 2021 roadmap and beyond.
Splyt x Kyros Ventures: SHOPX has two distinct use cases.
Sellers: It represents Selling Power on our network. The more SHOPX tokens you have, the more items you can tokenize as eNFTs and sell on our network. SHOPX secures all eNFTs so that buyers do not get scammed. Safe decentralized e-commerce
Buyers: It represents exclusive discounts at splyt powered stores. The more tokens you hold, the better the rewards. It pays to shop with SHOPX
Tag: Could you please share with us your website and
social media channels, so members can follow you and be kept up to date on your
progress?
Tag: Thanks so much for taking your time with very
detail answers ! Wish Splyt success, breakthrough, sustainable development and
hope that TAG will be a reliable partner of Splyt in Vietnamese market.
Splyt x Kyros Ventures:Thank you hosting me in your wonderful community
On the 7th of April, TAG community has a Telegram AMA with Splyt x Kyros Ventures
At the AMA, Cyrus Taghehchian CEO of Splyt and Lindsey Mallon CMO of Splyt and introduce and share many Interesting information about Pandora.
And here are the key takeaways of the AMA:
Tag: The AMA would be happened as follows
Tag: Yes, Let’s start with segment 1: Warm up
To start, I would like to introduce Splyt’s CEO – Mr. Cyrus Taghehchian and CMO – Ms. Lindsey Mallon
First, could you please introduce your team and Splyt?
Splyt x Kyros Ventures: Yes, we are a team that started in 2017. We have a ton of experience in blockchain: I got into BTC in 2014 and built dApps in 2016, Josh has been coding in Solidity since 2016 and e-commerce: Lindsey has been in retail for 10 years and I have over 10 years of experience implementing Enterprise tech solutions.
We are kind and respectful to each other and thus build better for the users too! Our HQ is in Los Angeles with parts of our team in South Korea too!
Tag: What are the competitive advantages of Splyt compared to other projects?
Splyt x Kyros Ventures: Splyt advantage really starts with our community. We are all kind, empathetic, and always there to help out. This is going to be a big part of our culture as we open source the project. With that, we think differently too. Splyt is built as a marketplace of marketplaces connecting all storefronts backends together. That hasn’t been done before by any other project. Open Bazaar creates decentralized marketplaces that can plug into the Splyt network. Boson uses NFTs for a voucher system to redeem products but they require you to use their interface. Most of our competitors can use Splyt lol. We are more of a layer-2 solution that anyone can use. Even other crypto projects!
Tag: Last question for this segment
Now please share with us some new upcoming events, as well as big partners Splyt has been working with during its development period?
Splyt x Kyros Ventures: Upcoming events- we’re launching the Shopify app soon, with more to follow. We have Maison Du, our first use case catered towards the luxury industry, is launching this fall. Migration to Polkadot. So much happening right now!
Partnerships- we’re really humbled by the interest in Splyt. We have such a big community of support. Main partners, though- Kyros , Master Ventures, Bigcoin, Morningstar…
We have some other things in the pipeline as well, mainly collaborations, but those won’t be announced until dates are closer so stay tuned!
Yes, we have our Splyt Meditation Event coming up on April 17th – be sure to join on that. Crypto + Zen
We also just announced a partnership with Morningstar Ventures and Bridge Mutual – very excited to work with them on our NFT system! We have some more BIG partnerships we are going to get to announce later this month. Stay tuned!!! It’s gonna be so fun
Make sure to follow us at https://twitter.com/splytcore as we tons of news dropping this month about SHOPX
For more information, we will turn to Segment 2: Answer the questions form Telegram.
Firstly, I would like to say thank to our members that have sent us many questions on Telegram.
Tag: The first question’s from @Namlv89:
Every successful project has a few stories behind the scenes, what’s the story behind Splyt success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming Splyt updates that you want to share with us?
Splyt x Kyros Ventures: Yes a fun question! It all started at a party at the University of California, Irvine. I went to a friends party and met a guy who was into Ethereum., which got me interested. I had gotten into BTC in 2014 so I picked up on Ethereum right away. Funny, that same guy introduced me to Josh, our CTO, thru ETHNews. Small world and I’m grateful for it.
Once we started talking about building the first version of Splyt, we wanted to tokenize real life assets. We were on of the first to mint NFTS on Ropstein testnet in 2017. The erc-721 standard was not adopted yet, that came a year later in 2018. The first version was so funny, we created a erc-20 with a supply of 1 LOL. From there we decided to make our own NFT, called the “eNFT” that has e-commerce data and smart contracts coded into every NFT. Fun stuff!
We have a great team and very good technology – excited to go live to mainnet very soon in the next quarter! Glad to have you all as supporters of SHOPX, very grateful
Tag: The second question’s from @Prettyboy7:
Many blockchain projects are on paper only and no product or product has no practical meaning. Please let us know what is Splyt’s currently practical product in use? What are your plans for the product to be better in the future?
Splyt x Kyros Ventures: Good question! We’ve been developing our tech since 2017- Cyrus was working with NFT”s before the NFT was even a term and the erc-721 was accepted.
Our eNFT is solutions oriented, so that is a huge difference from everyone else out there. It started solutions oriented- to resolve the double sell problem and enable fractional ownership. We’ve built it out to do so so so much more since then. Our eNFT has smart contracts built into them to mediate sales commissions/bounties, enables transparency in sales partnerships, acts as a proof of authenticity which dismantles the knock-off industry, and tracks data points over lifetime of product in resale market. We
Furthermore, we also have built our tech out to adopt into existing business structures… so we come to you, not the other way around. We maek it easy to onboard into the Splyt protocol. If people are intimidated by or dont understand something, it often scares them away. We make it seamless, effortless, and we break it down so that its easily digestable for anyone.
The problems we resolve are universal, so the solutions we create are also universally understood. We’re so amazed by how Splyt is being received! We didn’t think people would entirely get it…. but people really do. I think that’s because the pain points are so communal- we all know the problems in e-commerce. so appreciating the solutions, it almost sells itself.
We have plugins coming. We have Maison Du launching for luxury market, and then we’re expanding out from there!
Tag: Next question’s from @TrHieu87:
Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term?
Splyt x Kyros Ventures: I think i touched a bit on this above, but yes- aboslutely! Marketing is key in mass adoption! We really understand the importance of creating conversations around the solutiosnwe solve and focusing our branding on the everyday user. We aren’t limiting ourselves to the blockchain community. We see universal usage. We see Splyt as the infrastrcture all ecommerce will be built onto.
By making other systems adoptable into our protocol, and by enabling brands to track their own SKU’s and metadata with our eNFT, we enable brands to have a win-win. They keep their internal structures, but resolve pain points and create more trackable data for brands.
aison Du is cateed to luxury industry, an indsutry that will relaly see the maximum capacity for the eNFT with resale tracking and proof of authenticity. It’s also a market that sturggles the most online to scale and find new customers. We’re really excited to onboard with them. Its the largest marketplace online and also, arguable, the most influential. Everything starts at the top.luxury, adn trickles down, so I think mass adoption frmo there will happen organically (and with good marketing hehe)
Tag: Let’s move to the 4th question it’s from @balance8950:
Is SPLYT platform suitable for Crypto beginners? Or does it only appeal to professional users?
Splyt x Kyros Ventures: It appeals to everyone! You don’t have to use crypto to shop within the Splyt ecosystem. We create buyer rewards with our SHOPX token and enable people to shop just in crypto… so you can either ease your way in or go full throttle! Just like the tech, we work in the background. We meet you at your comfort level. You don’t have to understand crypto to interact on the platform, but we do help bridge the gap!
Tag: The last question’s from @QuyenCao93:
Adoption is one of the important factors that all sustainable blockchain projects should focus to be more attractive in the investors’s eyes. What did Splyt do and plans to do to achieve real world adoption?
Splyt x Kyros Ventures: Great question! There are so many cool blockchain projects out there but they require users to try something new and blockchain can be scary and turn off users. This is a problem if we are looking to get global market adoption. Splyt took this to heart and so we took another approach. We built Splyt to work in the backend of e-commerce stores. We even made it easy to connect to the blockchain using our clients, like our Shopify app. All a user has to do is download it. They use Shopify like they normally do, but get all the value of using Splyt and using out eNFT system. You can even watch a video of it working at the link below!
We have just finished segment 2 of today’s AMA session, thanks Mr. Cyrus Taghehchian and Ms. Lindsey Mallon for the great news.
Now we turn to Segment 3: Live Q&A session (8 questions)
Tag: Can you list killer features of SPLYT that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about ?
Splyt x Kyros Ventures: we’re the only eNFT that is solutoins oriented! all other eNFTs are novelty based. We also are brdging the gap betweeen blockchain and mass market usage!
Tag: Why do you guys think your project is needed today’s market place?
Splyt x Kyros Ventures: everyone is moving online rapidly due to covid! the stars kind of aligned for us with our launch for this and many other reasons. With the mass migration online, the pain points are really magnified. Covid has enabled many to step back and look at those pain points and start asking for solutions. Crypto has become more accepted, NFT’s are trending right now which warms people to the idea of them…
Tag: In Splyt’s shoppable NFT catalog, purchasers can browse whatever products they’re interested in without worrying about additional marketing expenses, but if I myself had a product to promote, would the catalog care to endorse it? In Splyt’s shoppable NFT catalog, purchasers can browse whatever products they’re interested in without worrying about additional marketing expenses, but if I myself had a product to promote, would the catalog care to endorse it?
Splyt x Kyros Ventures: Great question. We believe in a free open market. You can attach a bounty to every eNFT so when it is in the catalog, it will be promoted relative to the other bounties. The higher the bounty, the more likely others will endorse it for you! A transparent and trusted system!
Tag: In regards of the Universal Reputation System, can customers easily check the reputation of certain online stores?
Splyt x Kyros Ventures: yes,we have systems so that brands, online stores, and consumers can be rated and held accountable!
Tag: Mostly people only care about price at short-term and they don’t think about long-term so What is benefits and motivation to keep $SHOPX in long-term ?
Splyt x Kyros Ventures: the growth of the Splyt protocol! Once Maison Du and other marketplaces onboard, SHOPX will be a universally used token in ecommerce!
Tag: How long do you think the development of Splyt will take to be used all over the world, is it difficult to make such an adaptation ?
Splyt x Kyros Ventures: I think we have a really strong start with the luxury industry. We’re hoping that within the next few years, this truely will be the infrastructure all ecommerce interacts through. Only time will tell exactly how long that will take, but we’re betting on sooner than later!
Tag: What is the $SHOPX utility in the ecosystem? Where it will be used and why would the demand for $SHOPX increase? Please tell us about your 2021 roadmap and beyond.
Splyt x Kyros Ventures: SHOPX has two distinct use cases.
Sellers:
It represents Selling Power on our network. The more SHOPX tokens you have, the more items you can tokenize as eNFTs and sell on our network. SHOPX secures all eNFTs so that buyers do not get scammed. Safe decentralized e-commerce
Buyers:
It represents exclusive discounts at splyt powered stores. The more tokens you hold, the better the rewards. It pays to shop with SHOPX
Tag: Could you please share with us your website and social media channels, so members can follow you and be kept up to date on your progress?
Splyt x Kyros Ventures:
Website:
https://www.splytcore.org
Twitter:
https://twitter.com/splytcore
Telegram
https://t.me/splytcore
Tag: Thanks so much for taking your time with very detail answers ! Wish Splyt success, breakthrough, sustainable development and hope that TAG will be a reliable partner of Splyt in Vietnamese market.
Splyt x Kyros Ventures:Thank you hosting me in your wonderful community