On August 11, 2021, HC Capital’s community had the opportunity to exchange with Mr Hosam Mazawi – Co-Founder Snook and Mr Michael – Co-founder – Chief Product Officer to join the AMA to provide useful information about Playsnook.
This AMA is organized by HC Capital – The leading cryptocurrency community in Vietnam where investors and traders can receive the latest news and signals as well as discuss and share investment experience in the cryptocurrency space.
Part 1: Some questions from HC Capital team.
Part 2: Q&A with members.
Content of the AMA program
Part 1: Some questions from HC for Playsnook
Jannie: Today Ama will start now with Part 1: Some questions from HC for Playsnook.
Our first question: Please briefly introduce yourself, your background and the Play Snook team?
Mr Hosam Mazawi: Cheers, let me share one slide with our background.
we are a team of 17 people. 4 team members are leading Snook.
Jannie: Thank you for giving us your information.
Could you please explain the original purpose of creating Play Snook?
Mr Michael: Great question. We have created Snook as a new financial concept before it became an actual game. In todays NFTgaming ecosystem, all the NFT values are predefined by a speculative value which set by the minter or by speculative hype around a “bubble”. We are trying redefined how NFT storing & “generating” value.
Instead of just setting a predefine USD value to a given NFT, we created an ideology concept that store users time, effort & labor.
Unlike other play 2 earn games, every “achievement” inside the game are truly generated by the users themselves and not by a predictive code. this what make the game a true skill-based game.
Jannie: Can you please let me know some of the progress on your Roadmap and the results that Play Snook has achieved so far?
Mr Hosam Mazawi: We started in March.
Closed our seed round in first 10 days, and started building. Since then we did 2 beta testing with our community on Polygon test net. Product is ready, and currently being finalized with modern design. We have raised so far $1.7M in private placements. End of this month we will be launching the game to Polygon mainnet
During our Launch we will be hosting a kick off campaign called Snook Genesis Event. Which is a competition happening on mainnet before our Launchpad sale. The Competition prize pool will be announced soon.
Mr Michael: share the total prize pool…
Mr Hosam Mazawi: It will be $72,000 in USDC. Actually this is the first time we mention this info publicly.
Jannie: Can you tell us something about Playsnook’ follow-up game development plan?
Mr Michael: Following the launch on Polygon’s mainnet, starting at the end of this month, the game is already ready for its basic gameplay mode.
We are currently polishing the UI and the in-game assets with a super refined art.
Within the next months we are going to focus on version for IOS, Android, MAX and native Windows clients.
On top of that, the community can expect our monthly tournaments mode to be released in the near future as well.
The challenges modes (https://whitepaper.playsnook.com/gameplay/challenges) to be release next year.
Must of 2022 will be focus around making Snook an ESPORT ready game with professional athletes, and organization sponsoring and other activities.
Jannie: Thank you so much, I wish Playsnook always success in the future.
Part 2: Q&A with members
@dothithanhthuy88: Most recently, PolyNetwork was attacked and lost an amount of 611 million USD, in addition to many other large and small attacks in the past 2 years. Is Playsnook confident about its security? Has Playsnook been audited by a reputable organization? Thanks
Mr Michael: Great question. we are taking security very seriously and this is why ew have chose one of the leading audit firms in the market. Our contracts have been audited by ConsenSys Diligence.
@Romeo089: Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some reasons why they should buy and hold your token in the long term?
Mr Hosam Mazawi: In general to play Snook and earn $SNK token, you need to mint basic snook NFT. As user you may choose to buy $SNK token and stake it to enter different game modes like challenges or to earn $SNK from staking rewards, or you can choose to play and earn your $SNK tokens from our rewards system.
You can read more about our rewards Here: https://whitepaper.playsnook.com/economy-overview/rewards
@AbdulIvory: Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Mr Hosam Mazawi: To play the gamer uses an ERC20 token called $SNK to mint her NFT/snook. Once mintd the $SNK is burned. This is an anti-inflation mechanism. Think about it, the value of the $SNK was “poured” into the NFT. Keeping it will be the same as printing money. Our awesome player is super focused and applies all her skill and talent to collect a lot of traits and a special skin and extracts her snook.
This is how the Snook economy is inseparable from the actual gameplay. Moreover, this intrinsic incentive will foster a healthy active-user-base and growth.
@lt1087411276: Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Mr Hosam Mazawi: All the details about the minting, and vesting can be found on our whitepaper here https://whitepaper.playsnook.com/economy-overview/tokens/allocation
@RutheGuffey: Where can I currently buy Token?
Mr Hosam Mazawi: Tokens are not trading anywhere, we are still on testnet,
The only way right now to buy is in our private round.
@Kuromia: Good day Sir, What are the ways that your project generates profit / revenue to sustain your project and what is its revenue model? How can it be mutually beneficial for both the investor and your project?
Mr Hosam Mazawi: 1. Burning $0.25 of $SNK for each snook minted – this helps capture value in our economy.
2. Secondary market’s trades of our NFTs
3. Snook’s resurrections – fee is paid in $SNK and sent to the treasury wallet contract.
Then we use the treasury funds to fuel the following segments:
1. Special skin rewards
2. Staking rewards
3. Tournaments prize pool
Jannie: Thanks @CryptoAnalystt & @mele03 so much for taking your time with this AMA.
Hope this AMA Recap will let you understand more about Playsnook. Thank you for following AMA Recap and for your companion also HC Capital!