ACKNOLEDGER x Satoshi Club AMA Recap from the 11th of October
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from ACKNOLEDGER and our guest, @ydcurious. The AMA took place on the 11h of October.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Gold Rocket | Satoshi Club: Greetings again, our dear Satoshi Clubbers! We are pleased to announce AMA with ACKNOLEDGER. Today our guest is @ydcurious.
Andrés M. | Satoshi Club: Nice to see you again Satoshiclubbers
Our guest today is @ydcurious, CEO and co-founder of Acknoledger. Welcome to Satoshi Club.
Yash Dahenkar | CEO AcknoLedger: Hi guys, glad to be here today
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club
Yash Dahenkar | CEO AcknoLedger: Thanks a lot
Andrés M. | Satoshi Club: How are you doing?
Yash Dahenkar | CEO AcknoLedger: Doing amazing
What about you?
Gold Rocket | Satoshi Club: We are really excited about the upcoming AMA with you
Yash Dahenkar | CEO AcknoLedger: Me too
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself please. How did you get to be involved in crypto and ACKNOLEDGER? Tell us please about your position in ACKNOLEDGER.
Yash Dahenkar | CEO AcknoLedger: I am Yash, the co-founder and CEO of AcknoLedger. I have been working on this project and one of my side projects called Bitgenie Research, where I was working on a product to map all the market research reports in the digital universe.
All the three co-founders connected in 2019 and that is how the idea of AcknoLedger started.
Gold Rocket | Satoshi Club: Great background
Give us a brief introduction to the project. What is the essence of ACKNOLEDGER?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger is a global platform that maps, monetize, and distributes Web 3.0 digital assets seamlessly across all the metaverses and gaming NFTs. We envision it to be the nervous system of Web 3.0 digital assets.
Acknoledger will work on a M2D model.
- Mapping assets: Indexing all the NFTs across all the gaming, metaverses, NFT marketplaces, so that NFT collectors can leverage the insights for an informed decision making
- Monetizing: Helping existing Web 2.0 and Web 3.0 content platforms to monetize their content as NFTs through our APIs and channels
- Distribution: Marketing and distributing the content across multiple metaverses by tracking-mapping interoperability and exploring trading opportunities for institutional and retail investors
AcknoLedger is the aggregator all the metaverses.
Gold Rocket | Satoshi Club: When good people meet, good projects are born
Yash Dahenkar | CEO AcknoLedger: Absolutely
Andrés M. | Satoshi Club: Excellent description and innovative products you offer!
Gold Rocket | Satoshi Club: Also we would like to know more about your team. Who is on the project team core?
Yash Dahenkar | CEO AcknoLedger: All the co-founders of AcknoLedger are serial entrepreneurs and have been working across various industries and in the crypto space since 2016.
Kuntal Ganguly is our strategic lead and has been in the crypto space since 2016 and has helped more than 30 projects to scale up. He comes with a decade of experience across multiple platforms.
Abhishek runs a digital marketing agency and has decades of experience in building and scaling brands and has worked with multiple fortune 500 companies.
We connected in 2019 and that’s when the seed of AcknoLedger was born. We all are coming from different backgrounds and helped us bring this dream to reality.
Our extended team involves a set of truly committed and passionate developers, marketers, UI/UX developers and content creators who are working day and night to make this project a big success.
Gold Rocket | Satoshi Club: Really dream team
Yash Dahenkar | CEO AcknoLedger: All of us are true hustlers
Gold Rocket | Satoshi Club: https://acknoledger.com/our-team/
Andrés M. | Satoshi Club: Where are you from? Where is your project based?
Yash Dahenkar | CEO AcknoLedger: I’m based in Mumbai, India and our team is located across the globe. We are a truly international project.
Andrés M. | Satoshi Club: Amazing, a big crypto community there
Gold Rocket | Satoshi Club: It’s so in the spirit of the times
Satoshi Club also has an international team around the world
Yash Dahenkar | CEO AcknoLedger: That’s the true power of crypto. People around the world being closely with each other.
Gold Rocket | Satoshi Club: Yes, we are still pioneers and have a great chance to do something very good in the crypto space
Andrés M. | Satoshi Club: Yes
Gold Rocket | Satoshi Club: Tell us about the benefits of ACKNOLEDGER. How is it different from others?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger will be the nervous system of Web 3.0 digital assets which will map, monetize, and distribute Web 3.0 digital assets across all the metaverses. AcknoLedger will become the Web 3.0 version of Google and Amazon for Web 3.0 digital assets. AcknoLedger will aggregate all the metaverses in one place and will open a huge door of opportunities.
Universal Content Number Scheme(UCNS) is used to create an ecosystem to map all the NFTs across the metaverses. It is the world’s first decentralized nomenclature system that will be adopted and used as a universal standard. UCNS will be used to verify the authenticity of NFTs across the digital universe.
Andrés M. | Satoshi Club: Well @ydcurious, thank you so much for the kind introduction. Let’s disclose more about AcknoLedger through our community questions.
Yash Dahenkar | CEO AcknoLedger: Sure!
Q1 from Telegram user @Emidm28:
A few days ago you shared with us the news that we can win 20,000 ACK tokens. I read that to participate in the ACK competition, each participant needs to increase their score to be able to win. How can we increase our score? Does that mean that all users with a high score will be winners? In addition to having a high score, what are the other requirements that we must meet?
Yash Dahenkar | CEO AcknoLedger: UCNS
Yes, you heard it right. To participate in the $ACK competition, each participant needs to increase their score to be able to win and get a chance to get the ACK tokens at a private round sale with a value worth $200/ winner, this will be a $10,000 allocation to 50 winners.
We are also going to give free airdrops of 20,000 ACK tokens to our community members by using a lottery system.
The chances of winning will increase if the participant refers to more people and has completed all the given tasks in the contest.
If you want get whitelisted, follow the instruction here: https://bit.ly/3lceq12
Andrés M. | Satoshi Club: Great opportunity, let’s join Satoshiclubbers
Yash Dahenkar | CEO AcknoLedger: Join now and don’t let the FOMO kick in later
Gold Rocket | Satoshi Club: It’s generous enough, I dare say
Yash Dahenkar | CEO AcknoLedger: Absolutely.
Andrés M. | Satoshi Club: What are the main utilities of ACK token?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger plans to create a circular economy where ACK tokens will be used widely across metaverses. Those who hold ACK tokens will be eligible to receive NFT and content airdrops.
Below mentioned are the usage of the ACK token:
- Participate in UCNS governance
- Promotions of projects — NFT and content airdrops
- Yield farming and staking rewards
- Listing NFTs on UCNS
- Accessing premium features of UCNS
We will add a lot of new token utilities as we move ahead!
Andrés M. | Satoshi Club: Great features to invest, where can we find the token?
Yash Dahenkar | CEO AcknoLedger: The tokens will get listed at the end of this month. We will announce in our Telegram community.
https://coinmarketcap.com/currencies/acknoledger/
Gold Rocket | Satoshi Club: What other activities and programs do you plan to implement for the community?
Yash Dahenkar | CEO AcknoLedger: Some strategies which we are focusing on are:
- Content marketing
- KOL’s
- Partnerships with key gaming fraternities
- Social media marketing
- Participation in industry events
- Public relations
And a lot of other activities and NFT airdrops!
Gold Rocket | Satoshi Club: It will be very soon! Big events for the project
Andrés M. | Satoshi Club: Of course, we will be pending of your announcements
Yash Dahenkar | CEO AcknoLedger: We are super excited
Andrés M. | Satoshi Club: Would you like to add something before the next question?
Yash Dahenkar | CEO AcknoLedger: We can move to the next question.
Q2 from Telegram user @MasterfulAstil:
Acknowledger is planning to create a Universal Content Numbering Scheme (UCNS) that will become world’s first decentralized nomenclature system for verifying the authenticity of NFT. Could you share more info on that initiative? At what stage is the development? How would you control the whole metaverse if everything is decentralized?
Yash Dahenkar | CEO AcknoLedger: UCNS is a Universal Content Numbering Scheme.
Every book is given a unique number known as ISBN, similarly, AcknoLedger will be using the UCNS system to map all the digital assets as NFTs over the internet and also help everyone understand the arbitrage opportunity and how these NFT’s are getting traded across all the marketplaces. Our goal is to become a Google for Web 3.0 digital assets.
Also, we are in the product development stage and phase 1 of the product that will be launched in Q1–2022.
Our goal is not to control the whole metaverse space, but to empower all the metaverses to reach their full potential by doing cross-marketing and community engagement.
Gold Rocket | Satoshi Club: Thanks for your answer
Yash Dahenkar | CEO AcknoLedger: Welcome! Next question please.
Gold Rocket | Satoshi Club: Can you share your road map with us please?
Yash Dahenkar | CEO AcknoLedger: Sure!
- Q3 2020 — Analysis and market research on the idea of AcknoLedger (previously known as ResearchLedger)
- Q1 2021 — Building the team and foundation for AcknoLedger
- Q2 2021 — Launched pitch deck, tokenomics, website, and communications
- Q3 2021 — Fundraise, strategic partnerships
- Q4 2021 — TGE, IGO, major partnerships, and exchange listings
We can expect the launch of hade 1 of the product in Q1 2022.
TGE will happen at the end of this month.
Andrés M. | Satoshi Club: Thanks for share it, amazing events there, for example your coming IGO. Why did you choose an IGO and not an IDO?
Yash Dahenkar | CEO AcknoLedger: As we are catering the metaverses and gaming NFTs space, IGO is a perfect fit for us.
Andrés M. | Satoshi Club: Good point. Thanks for your answers, let’s proceed with the next question.
Yash Dahenkar | CEO AcknoLedger: Sure!
Q3 from Telegram user @Pavel_Jarosh:
One of the innovations brought by AcknowLedger is the line of Ackno products, one of them called Ackno Plagiarism Engine. Please share with the audience how does it work when analysing identical or similar NFTs? It sounds to be like an antifraud system where the fraud is the copyright infringement. What consequences will it bring to the fraudster?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger works on the M2D model that consists of mapping, monetizing, and distribution.
In phase 1 of our product, we will map and index all the NFTs across all the infrastructure projects. Once our indexing of NFTs is complete, we will deploy a plagiarism engine on top of those NFTs. Whenever anyone publishes any NFT that is already present in the ecosystem, the plagiarism engine will raise a flag. It will also share the plagiarism percentage. Ackno Plagiarism Engine will be helpful in a lot of other things too. We cannot stop people from publishing plagiarised NFTs, but we can inform them that the particular NFT is already present. This will help a lot of NFT marketplaces and platforms.
Andrés M. | Satoshi Club: So is it like a sign to keep the author rights? Do you have any system related to that?
Gold Rocket | Satoshi Club: Very good system
Yash Dahenkar | CEO AcknoLedger: It’s not a sign. It is just a record to help the author.
Gold Rocket | Satoshi Club: Thanks for sharing
Let’s proceed to the next question!
Yash Dahenkar | CEO AcknoLedger: Sure.
Q4 from Telegram user @Ngoctu21:
ACKNOLEDGER is a Web 3.0 digital asset and working on M2D model. They will focus on gaming, NFTs and metaverses in the early stages. There are many NFT and metaverse projects out there, so there must be high competitiveness in the market and users have more choice when it comes to entering new platforms. What are some outstanding features that set ACKNOLEDGER above other blockchain based games? Also in recent years, stable coins like Tether (USDT) have depreciated by more than 20% due to high commodity costs, what technological tools does ACKNOLEDGER apply to enforce protocol rules and ensure stable parity?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger is not competing with anyone. We don’t believe in competing, we believe in collaboration. Our core philosophy is to partner and work closely with all the projects out there. We believe in growing together. If you want to walk fast, walk alone. But, if you want to walk far, walk together.
AcknoLedger is the gateway to the metaverse and gaming NFTs.
Here are some outstanding features that distinguish us from other projects in the market:
- Interoperability check of NFTs
- Lifecycle tracking and plagiarism check of NFTs
- Utility, scarcity, social proof, and many other features tracking of NFTs through UCNS
- Facilitating new ways of revenue for NFT collectors by leveraging arbitrage opportunities, trending NFTs, brand promotions, etc.
Andrés M. | Satoshi Club: Gotcha, btw how much do you care about security? Have you done any audit process?
Yash Dahenkar | CEO AcknoLedger: We follow all the security measures and our smart contract is going through audit as of now and we will announce the details soon.
Andrés M. | Satoshi Club: Great job, security is one of the most important features.
Gold Rocket | Satoshi Club: Guys, you have correct life values
Yash Dahenkar | CEO AcknoLedger: Values are everything
Gold Rocket | Satoshi Club: Let’s proceed to the next question
Yash Dahenkar | CEO AcknoLedger: Yup!
Q5 from Telegram user @Emnking:
AknoLedger has had lots of partnerships with other projects. Some of these projects include: KardiaChain, Regain Ventures, Nine2Five Ventures, Prostarter, ZBS Capital, MahaDAO, and recently Momentum 6. Aside this partnerships, there are other partnerships with other projects. What led to this massive partnerships with so many platforms? What are the results that you plan to get from these multiple partnerships? Are we to expect more partnerships in the future? How do you plan to ensure that these multiple partnerships last for a long time and bring positive impact to AknoLedger?
Yash Dahenkar | CEO AcknoLedger: Our goal is to partner and collaborate with already established projects.
We will conduct cross marketing initiatives so that we can increase and leverage each other’s user base.
The best part about AcknoLedger is that we can partner and collaborate with every single project out there, whether it is an NFT project, metaverse project, gaming NFT project, or any infrastructure project or even oracle’s project.
And for that purpose, we have already collaborated and in discussion with some of the big infrastructure projects. We will soon announce.
Also, we will not only collaborate with the infrastructure projects, but also collaborate and partner with all the companies in that ecosystem and help them grow together and increase the users.
Gold Rocket | Satoshi Club: Looking forward to hearing from you
Andrés M. | Satoshi Club: What about designers? Have you contacted with some artist to develop NFTs?
Yash Dahenkar | CEO AcknoLedger: We are already in discussion with designers/international artists and there will be some big announcements soon!
Andrés M. | Satoshi Club: Amazing news are coming, don’t forget to share our community the exciting announcements
Yash Dahenkar | CEO AcknoLedger: We will share all the details and also don’t forget to join our Telegram community for announcements!
https://t.me/acknoledgercommunity
Andrés M. | Satoshi Club: Let’s join Satoshiclubbers
Gold Rocket | Satoshi Club: Many thanks for your answers! Let’s proceed to the last question of this part
Yash Dahenkar | CEO AcknoLedger: Sure!
Q6 from Telegram user @DK177:
Your roadmap ends from this quarter. Does it mean that there are no more developments after major partnerships and exchange listings? If not, what is your ultimate milestone? Gaming NFTs is not a fresh concept. Do you have plans to do something different in that common frame? Since your roadmap only covers five quarters, please explain deeply about your strategic plan.
Yash Dahenkar | CEO AcknoLedger: First phase 1 of the product will be launched in Q1 2022. For the first phase of the product, we will be mapping NFTs across all the infrastructure projects. Which is a big deal and time consuming task.
In phase 2 of the product we will launch the UCNS system.
We are not only restricted to Gaming NFTs but we cover all type of NFTs.
Andrés M. | Satoshi Club: Excellent answer, 2022 is bringing excellent things for AcknoLedger, so we are in an early stage to invest
Yash Dahenkar | CEO AcknoLedger: Way too early
Gold Rocket | Satoshi Club: Official project sources
- Website (https://acknoledger.com/)
- Twitter (https://twitter.com/acknoledger)
- Medium (https://medium.com/@acknoledger)
- Official Telegram group (http://t.me/acknoledgercommunity)
- Announcements Telegram group (http://t.me/acknoledger)
Yash Dahenkar | CEO AcknoLedger: Stay updated and be part of the community
We are all going to make it
Gold Rocket | Satoshi Club: Many thanks for this amazing first part of AMA
Yash Dahenkar | CEO AcknoLedger: Thanks a lot for inviting me and lots of gratitude to you guys
Andrés M. | Satoshi Club: Completely agree. Thank you so much for this amazing first part of the AMA, it was a pleasure to know technical details about your project.
Now is time to interact with our dear community, they have showed a lot of interest on AcknoLedger.
Yash Dahenkar | CEO AcknoLedger: Super excited
Gold Rocket | Satoshi Club: Now get ready for the most exciting part of our AMA — live questions
Yash Dahenkar | CEO AcknoLedger: I’m ready. Are you guys excited?
Part 2 — live questions from the Telegram community
Q1 from Telegram user @surendra040:
You mentioned about 20000 $ACK tokens airdrop earlier using lottery system. Can you tell us about the eligibility criteria and for competition too?
Yash Dahenkar | CEO AcknoLedger: Anyone can participate and there is no restriction. If you want get whitelisted, follow the instructions here:
https://bit.ly/3lceq12
Q2 from Telegram user @DK177:
I know the meaning of the verb ACKNOWLEDGE. Why did you name the project as ACKNOLEDGER? “ACKNOWLEDGE — ACKNOLEDGER”, why W is missing? Please give a clear explanation on your name.
Yash Dahenkar | CEO AcknoLedger: AcknoLedger is the word derived from acknowledgement. Whenever you publish anything on AcknoLedger you get acknowledgement and that’s why we call it AcknoLedger.
Q3 from Telegram user @SHELBYWINAMA:
You say AcnoLedger is an aggregator of all metaverses, is IGU an aggregator? Do leaders know this? Can you explain it more simply?
Yash Dahenkar | CEO AcknoLedger: We map and index all the NFTs across metaverse and games NFT platforms. That’s why we call ourselves metaverse aggregator. We not only map and index the NFTs, but also help them in cross marketing and collaboration with other metaverses.
Q4 from Telegram user @Pratze:
I hear on ACKNOLEDGER that is possible to get private whitelist for $ACK token, can you tell us how to become whitelisted? What requirements users must do to join?
Yash Dahenkar | CEO AcknoLedger: To participate in the $ACK competition each participant needs to increase their score to be able to win and get a chance to get the $ACK tokens at a private round sale with a value worth $200/ winner, this will be a $10,000 allocation to 50 winners. We are also going to give free airdrops of 20,000 $ACK tokens to our community members by using a lottery system. The chances of winning will increase if the participant refers to more people and has completed all the given tasks in the contest.
If you want get whitelisted, follow the instruction here: https://bit.ly/3lceq12
Q5 from Telegram user @nitrogenpower:
Holding promising project tokens is better than trading with them during a moon, so can you tell us why should we hold ACKNOLEDGER tokens for a long time?
Yash Dahenkar | CEO AcknoLedger: You will receive a lot of rare NFT airdrop if you hold AcknoLedger token. AcknoLedger will collaborate and partner with a lot of projects and there will be some existing news coming soon. Hold $ACK tokens with diamond hands
and enjoy the ride with us!
Q6 from Telegram user @Pavel_Jarosh:
One of the current challenges of NFT based games is the lack of interoperability of NFT across metaverses. AcknoLedger agrees with the issue and sets its resolution as a base of current project. Please let us know what are the steps already taken and those planned to be taken in order to improve the interoperability? Does it only mean to bring more projects to partnerships and shared clouds of NFT?
Yash Dahenkar | CEO AcknoLedger: We will be launching Interoperability Guidelines for Metaverse.
Projects who want to make their NFTs interoperable across multiple metaverses should follow these interoperability guidelines.
Right now we are working with projects to understand the interoperability challenges in deeper level.
Q7 from Telegram user @victorogb:
Can you talk briefly on your growth and expansion drive, what are your long-term expectations for AcknoLedger and how will your community play a vital role in all of this?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger believes in partnerships and collaboration.
We are going to partner with every single project out there to grow the ecosystem and do cross marketing collaborations.
Community will play a major role and we urge everyone to support us reach new milestones!
Q8 from Telegram user @Asela1112:
Do you have a Google form or any kind of application for that? And also please tell us the terms and conditions of the private whitelisting contest?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger has already onboarded 30+ VCs and we are oversubscribed.
The only way to get whitelisted is to participate in the whitelisting contest.
Q9 from Telegram user @JaviSuBs:
How safe is your smart contract? Can you provide us with a link to the contract to compare it to see if it is real? Since on the internet there is a contract that claims to be the one for your project. How many audits did the contract have and does it have any document where you can see it?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger smart contract is under audit process right now. We will soon announce the audit report and all the details soon. Please join our community to know more about this!
Q10 from Telegram user @potentialsake:
As we all know that Bitcoin is a completely decentralized project, but new projects are coming with centralized approaches. Are there any possibilities of centralization on ACKNOLEDGER?
Yash Dahenkar | CEO AcknoLedger: AcknoLedger is a decentralized project with a decentralized approach.
Part 3 — Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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Our partners:
- Website: https://acknoledger.com/
- Twitter: https://twitter.com/acknoledger
- Medium: https://medium.com/@acknoledger
- Telegram group: http://t.me/acknoledgercommunity
- Announcements Telegram group: http://t.me/acknoledger
