AMA

AMA RECAP: StrongNode x TAG VENTURES (English)

On the Sep 22th 2021, TAG community has a Telegram AMA with StrongNode

At the AMA: Daniel Saito Co-Founder, CEO of StrongNode, introduced and shared many interesting information about StrongNode.

The AMA would be happened as follows

Segment 1: Warm up.
Segment 2: Answer the questions from twitter (5 questions)
Segment 3: Live Q&A session (5 questions)

Tag: Hello everybody, welcome all of you to join today excited AMA session with TAG Ventures and StrongNode
Please welcome our special guest today: Mr. Daniel Saito, Co-Founder and CEO of StrongNode
Hello @StrongNode_CEO. Are you ready for our AMA today?
StrongNode: Nice to meet you!
Yes I am, really excited as Vietnam is a key market for us!
🥮 http://strongnode.io
 🗯 https://t.me/strongnodechat
🗣 https://t.me/strongnode
 📚 https://twitter.com/StrongNodeEdge
🎟 https://discord.gg/Gk2ka3NCR6
📚 https://medium.com/@strongnode

Tag: To start the segment 1, could you please introduce your team and StrongNode?

StrongNode: Hi. My name is Daniel Saito and I am the CEO and Co-founder of StrongNode. I started computing since age 8 and haven’t really stopped since.  Active entrepreneur, started 2 ISPs in both USA and Japan. Launched 🚀 2 satellites into space for News Corp. I have been in technology for as long as I can remember.

The StrongNode core executive team consists of 12 (+13 backoffice) extremely passionate and dedicated people with 20+ years of diverse experience with some of the biggest names in various industries, establishing foundational technologies, and closing $1B+ exits.

StrongNode is an Infrastructure-as-a-Service technology company and innovation lab. We harness the power of latent and idle compute like the CPU/GPU cycles, network, and storage of the everyday common man/woman.  In return, you get paid in StrongNode tokens [$SNE] when you lend your network and compute resources. StrongNode was the name picked out by our amazing marketing team.

The mission and vision of Strongnode? We are on a mission to power companies globally through the next generation of edge networking by uniquely harvesting a trifecta of idle compute resources and leveraging new blockchain technologies. We wanted to address the last mile, which is the EDGE and build a global edge network through access and monetization of idle resources.

Tag: And the 2nd question is: what are the competitive advantages of StrongNode compared to other projects?

StrongNode: We wanted to address the last mile, which is the EDGE. Its the consumers’ latent resources from your PC/MAC/LINUX [environment] (CPU, bandwidth, storage) and use it for a batch processing cluster using the map/reduce method of sorting jobs and processing it with a token economic incentive to participate both as a broadcaster and a receiver. The solution was designed with security in mind.

Using latent resources for heavy compute tasks is one big use case for the technology which is amazing in itself. So many other use cases are planned as we scale out our node network with the launch of our innovation lab and all the fun platforms we have planned out to use the StrongNode technology — great benefits come with moving with us to the EDGE!

With new products like StrongNodeID , that handles users and access to access edge nodes which can help get paid for the utilisation of idle resources (keeping in mind, we have plenty of idle CPU and bandwidth at most situations and a lot more devices now, with the IoT revolution). The platforms we are launching are social impact, gaming, entertainment, lifestyle B2C companies that will be symbiotically powering and being powered by our global Edge network. So some of our projects that we have incubating is OGLife, which is a esports and gaming community for 40+ audience. There will be a lot to get excited about this year!

Tag: Now please share with us some new upcoming events, as well as big partners StrongNode has been working with during its development period.

StrongNode: Our first release is this week with StrongNodeID as it gets flushed out. We will then launch StrongNode binaries as a traytable app for Windows/Linux/MacOs and we allow VPN end points as well as sending big data map/reduce from the web interface down to nodes. This is expected within the first 12 months after we do the drop. And in addition, speaking of weeks away, high APY farming will be rolled out very close after TGE. There’s a lot in between our current roadmap which we will be adding soon to give full transparency.

Yeah, thanks for all your sharing in segment 1 @StrongNode_CEO
With this answer, segment 1 of the AMA has been closed. I think people have had an overview of your team and StrongNode
To go into more details, we’ll move to segment 2: Answer the questions from twitter (5 questions)
First, I would like to thank the members of TAG for sending so many questions about StrongNode to our Twitter.
All questions are very good but we can only choose 5 of them to answer because of time limit

Tag: The 1st question is from https://twitter.com/Kirillova9Vika/status/1440323087241650177

What do you consider to be the best features of  “StrongNode” ? Are there any features that  “StrongNode”  has that we can’t get on any other platform? Where can we stay informed of all the news that  “StrongNode”  has to offer us?

StrongNode: Thank you for the question, you can follow us here for alot of follow up questions and answers.  As we get closer to launch, you probably want to keep informed of all product and platform updates

 🥮 http://strongnode.io
🗯 https://t.me/strongnodechat
🗣 https://t.me/strongnode
 📚 https://twitter.com/StrongNodeEdge
🎟 https://discord.gg/Gk2ka3NCR6
 📚 https://medium.com/@strongnode

When we first started the thought of StrongNode we looked outside to see what we can do to help solve some of the worlds problems.  Last year wasn’t any joke and now we have a pandemic on our hands. We went to our clientele and saw what keeps them up at night.  We noticed that the cost of computing has gone up, these cloud providers have a foothold on us and they know it. With that said, we had to come up with a solution or an alternative and looking inwards of what is available we noticed that we already had the blueprint already infront of us in the form of Open Source.

We wanted to address the last mile, which is the EDGE. Its the consumers’ latent resources from your PC/MAC/LINUX [environment] (CPU, bandwidth, storage) and use it for a batch processing cluster using the map/reduce method of sorting jobs and processing it with a token economic incentive to participate both as a broadcaster and a receiver. The solution was designed with security in mind and made with ❤️ for the NEW NORMAL.

We wanted to grow the digital footprint of our decentralized distributed network and to be able to get token distribution to as many wallets as possible which will, in the long term, help the value of the $SNE token. The StrongNode token has so many use cases within the StrongNode ecosystem which includes our innovation lab projects focused on gaming, social impact, entertainment, lifestyle platforms building on the StrongNode Edge technology. You get paid for your idle resources. And others get to run workloads, processed in chunks, on your idle resources. In return, you get paid in StrongNode tokens [$SNE] when you lend your network and compute resources. There are more mechanics yet to be announced that will enhance the appeal of token adoption.

Tag: The 2nd question is from https://twitter.com/truongtran0305/status/1439531841455681536

What are your plans regarding private sale? When will you conduct it? How can I participate in the private round? What are requirements? When is public round? How to participate in it?

StrongNode: Our upcoming IDO will be on starter.xyz and BullPerks is happening in October.  Join us for our IDO and get to know more about the process of whitelisting yourself to participate through this link:

https://starterxyz.medium.com/guide-how-to-take-part-in-the-strongnode-edge-ido-on-starter-c09233aa3d70

Additionally our User Registration (KYC) will come online next week, Register online and earn future $SNE tokens at the time of the IDO. So make sure you visit us at our telegram channel for the exact time.   https://t.me/strongnodechat

here are the details of the token metrics

As you noticed Its a tight raise and tokenomics.  With all the marketing and interest in this project we will have super buy pressure!

10% will ONLY be made available at IDO for all INVESTORS, as they will vest in 6 Months timeframe.

Tag: The 3rd question is from https://twitter.com/KiyokoSumaru/status/1439537635634991104

User Protection and Privacy has become an issue that many projects face in their development.Can you explain the security of the StrongNode and how the StrongNode protects its users?

StrongNode: As a former security analyst, researcher and developer; I was originally tasked at designing the framework for the trusted mobile platform using a TPM or otherwise known in today’s term as “secure enclave” in 4G devices with NTT DoCoMo R&D, Intel and IBM.  I want to take the same principal but also apply it to the anonymous / cryptographic model of crypto and create the ultimate solution in network and privacy where the user add value and in return they recieve a monetary reward.

As for privacy, we only know you by your wallet address at any time. All personal KYCd data will be stored offsite with our KYC authentication partners. You will need to be properly KYCd to join the StrongNode Network. We plan to not only have Audit certificates but we also plan to use 3rd party services to attack our network, have bug bounties, and most of all it will be OPEN SOURCE (even that will be all audited).

In order to help this process, we reinvented OpenID this is our SSO (Single Sign On) approach like “Login with Google” or “Login with Facebook” to validate you as a user to enter the network.  Upon completing the KYC component at User Registration, not only do we airdrop you $SNE tokens, but you also get this nifty NFT dropped into your wallet.  This NFT is specific to your wallet address and your identity, which cannot be moved out of your wallet.  This NFT acts as an access token (a key) to login to various crypto properties that we are working on in our innovation labs. We want to use best of breed open source projects and develop StrongNode with the tech.

file:///C:/Users/dell/Downloads/Telegram%20Desktop/TMP-HWADv10.pdf

file:///C:/Users/dell/Downloads/Telegram%20Desktop/TMP-SWADv10.pdf

file:///C:/Users/dell/Downloads/Telegram%20Desktop/TMP-ProtocolV10.pdf

Here is the basis of how I plan to architect the security model.

This is research that was conducted back in 2004
I have been thinking about this problem since 2004
if you think about it.
Before crypto was cool.

Tag: And the next question in this segment is from: https://twitter.com/tuan_iker/status/1439563534338183170

Revenue is a key factor for all projects to survive and keep the projects running. What is STRONGNODE’ way of generating profit and revenue? What is STRONGNODE’ revenue model?

StrongNode: We see StrongNode as two products there is StrongNode as an APP and StrongNode as a token $SNE. We found a problem and created a solution behind it.  When COVID broke out genetic sequencing labs were backed up in sequencing and processing lab results for various strains.  They were also backed up in computing workflows.  We worked with them to create a solution around this and henceforth here we are weeks away from an IDO.   They can use our $SNE token off load their compute workloads off of centralized solutions and process on the EDGE.  The folks that want to harvest and mine these datablocks and receive $SNE just need to participate and give their resources, and passively make income.

So our clients make up our SEED and PRIVATE investors pools that we recently sold out (and oversubscribed) will be offering their token allocation to stake as a broadcaster because they know they can get access to low cost computational resources from StrongNode’s network.  The fact that we are sold out mean that there are a lot of enterprise that want more cheap CPU access.  We will offer that to the masses.

For me revenue is key, the project needs to make FIAT to finance runway and operations and also development.  Token economy is in itself its own product and we need to handle that as a product too.  So StrongNode is an product as a APP and as a token a product.  That’s how we see it.

Tag: Let’s move to the last question: https://twitter.com/HbJag/status/1439577330117083141

I read that you plan to have your AMM farm available at the time of the IDO to bet and earn #StrongNodeEdge tokens. So, can you give more details about this farm? Can you give information about the #StrongNodeEdge IDO? How users can participate in this IDO?

StrongNode: 2% of the supply will be sold $300K raise (200M tokens will go into circulation at $0.0015)🔥

We want to get the $SNE token to as many wallets as possible, the value of our token will be dependent on the size of our network and adoption, its the value of the overall network. As for the folks that will want to hold the $SNE token for a long time (which we hope you do).

What makes this interesting is that in our token we have reflect code that taxes all transactions.  All these transactions build up a tax reserve.  This reserve of funds are separated to the devs/ops, token buyback, and a creation of a SAFU fund to make sure your funds are safe in event of a catastrophic economic attack on our AMM farms. Yes, we will have our own AMM farm with original code.  We didn’t trust any third party code that currently runs much of the DEFI space.  But we did take some of the best ideas of implementation of AMM and FARM. (we will be certifying all our code) We have partnered with starter.xyz and bullperks.com to launch our IDO. We have also partnered with QUICKSWAP for our liquidity pooling partner, to be made available from IDO DAY 1.

Here is a breakdown of the tokenomics

Thank you for sharing through segment 2 of the AM
@StrongNode_CEO
😊
Through this segment, I believe that everyone has had a more detailed view of the project, its plans and future development directions.
Now, let’s move to segment 3 of our AMA: live Q&A
In this segment, chat will be open to receive questions from community.
Kindly choose 5 ones to answer @StrongNode_CEO

Tag: I love this project is placing importance on the community aspect. It’s something that I think is lacking in a lot of projects. How can us early investors really help project grow before it launches? From providing liquidity to general participation, what different roles are there when it goes live?

StrongNode: Thanks, we love our project too..  We believe in what it offers to the masses.  We want to target emerging markets like Vietnam as you already have a well established digital footprint.

 🥮 http://strongnode.io
🗯 https://t.me/strongnodechat
🗣 https://t.me/strongnode
📚 https://twitter.com/StrongNodeEdge
🎟 https://discord.gg/Gk2ka3NCR6
📚 https://medium.com/@strongnode

Community is a key component, We are firm believer that COMMUNITY drives product, development and growth.  As former Open Source advocates we firmly believe COMMUNITY is also driven by developers and all the open source code that makes up a product.  Also we want of community of StrongNode Edge nodes out in Vietnam.  Install StrongNode and forget it as it will passively make income.

Tag: Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues?

StrongNode: Yes we took extra constraints to ensure data sovereignty distribute our MASTER nodes in locations where GOV’T have strict regulatory on user privacy and encryption.

This is the next era of where and how data is stored.  Cloud makes things easy, but if the provider is USA based corporation.  The US goverment will have access to that data.

Tag: What are the key milestones on your roadmap – both things you have already achieved and things that we can look forward to?  Any partnerships and short/long term technical milestones that you want to talk about or bring some attention to?

StrongNode: There are many milestones that made up this venture to this date.  But I would have to say the biggest milestone to dates is getting everyone together as a team and be unified in a vision of creating a vast network that reaches and helps millions.  Of course getting oversubscribed in our financing as a team was a great milestone, although we knew it would get financed.  We took a different approach in getting this financed. We wanted to take a different approach to get StrongNode financed.  We financed our project from our enterprise end customers and sold them our token.  We are seasoned entrepreneurs that knows that in a startup you need revenue.  If the business cannot self sustain itself, it would not be a viable business.  This also applies to cryptocurrency based projects.  The (problem / solution) that the product is serving needs to account for its own for its own revenue base and not rely on the price of the token to pay for the ongoing of the business (NOTE: it can to a certain extent).

We have a lot of announcements in the pipeline as we are just getting started.  We have everything in the pipeline to address, MUSIC, GAMING, NFTs and DEFI. In our future project offering, solutions that you have not seen before we will launch on POLYGON first and eventually branch out to other chains. User registration starts NEXT WEEK! Following with our IDO on starter.xyz and bullperks.com in a few weeks time!

Tag: Revenue is an important aspect for all projects to survive and maintain the project / company. What is the way to generate profit / revenue of token? What is the income model?

StrongNode: We have many mechanisms in place to do token buybacks.  The token specifics is that our token has a reflect code in our smart-contract.  All transactions whether you BUY, SELL, transfer your token the transaction is taxed.  That tax goes back to buying back token and rewards distributed to its token HODLr.  Additionally the % of the tax goes into a SAFU fund in event of a catastrophic financial attack on our DEFI AMM pools.  But all smart contracts and apps will be audited and certified by 3rd party auditors.

🔥Revenue:🥮

We are entrepreneurs before we started the crypto hustle, maintaining a healthy MRR (monthly reoccurring revenue) is key.  This is key for any startup, revenue will come in as we attract SMB to large enterprises to tap into the network.

We had alot of great questions, we hope you join our StrongNode Telegram channel and follow our medium as we document our journey. 

🥮 http://strongnode.io
🗯 https://t.me/strongnodechat
🗣 https://t.me/strongnode
📚 https://twitter.com/StrongNodeEdg
🎟 https://discord.gg/Gk2ka3NCR6
📚 https://medium.com/@strongnode

Tag: How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?

StrongNode: The StrongNode core executive team consists of 12 (+13 backoffice) extremely passionate and dedicated people with 20+ years of diverse experience with some of the biggest names in various industries, establishing foundational technologies, and closing $1B+ exits.

I have been reading about crypto as I have been active since 2009 in mining, buying and losing bitcoin.  I have advised for several blockchain projects (BLZ, OST, WAX)

My CTO also worked with etherum foundation.

Tag: Awesome! Thanks for all your sharing @StrongNode_CEO
On behalf of TAG, I hope that StrongNode will always develop constantly and have the trust and support of users in Vietnam in particular and globally in general.

Hopefully TAG will be a partner with StrongNode’s long-term development

Again, thanks for taking you time with us!

StrongNode: I sure hope so!  We hope you help spread the word

Please join us and grow Vietnam’s digital footprint on StrongNod
🥮 http://strongnode.io
🗯 https://t.me/strongnodechat
🗣 https://t.me/strongnode
📚 https://twitter.com/StrongNodeEdge
🎟 https://discord.gg/Gk2ka3NCR6
📚 https://medium.com/@strongnode