On the 27th of July, 2022 at 11:00 Am UTC, Decentralized Club had the honor of hosting Chandresh — Community operations officer from Poriot for an Ask-Me-Anything session on their Telegram page with a community of over 80,000 people. It was hosted by Auria.
The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.
If you missed this event and would like to know what Poriot is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.
SEGMENT 1
Auria：Hello welcome to the Decentralized club.
Chandresh：Thanks!
Auria：For today’s AMA session, we have invited the Chandresh From Poriot to help us learn more about this awesome project.
Topic for today : Dialogue with PORIOT Block space, see how the new IDO platform ZK-PORT realizes the discovery of value for industry projects.
Let’s start our ama with the first segment.
Are you ready?
Chandresh：ok, let’s get started.
Auria：Here’s the first one for you.
1 Q: Please briefly introduce PORIOT. Is the Block space a new narrative?
Chandresh：My pleasure!
Since the development of the industry, we have experienced many market cycles. Only when the market is in a downturn will real industry builders emerge. At present, the industry urgently needs a new executable and practical narrative that is in line with the current technological development route.
Block space may be a brand new concept for everyone, but for PORIOT, it is a Block space product that has basically been applied. At present, Poriot has a WEB3.0 underlying public chain, Block browser, wallet, NFT trading market and a series of space applications. We are committed to establishing the creation and sharing of underlying resources and ecological applications, allocate the space ecology with equal distribution of value.
Auria:Impressive!
Next question….
2 Q: who came up with the new narrative of Block space?
The new narrative of Block space was put forward by a16z partner Chris Dxion in an interview with the media. He believes that in the past, the computer world was driven by hardware through software, and in the next 10 years, Block space will be supported by the underlying of WEB3,0 , ahd the hardware and software will be driven in parallel. Best product with equal distribution of ecological value. This new narrative coincides with PORIOT’s technical route and ecological construction strategy. This is our positioning of PORIOT’s “Block space”.
Auria:Interesting!
Chandresh:Thanks.
Auria:Next question…
3 Q: At present, the concepts of WEB3.0 and metaverse are still hot. Do you think the narrative of Block space will surpass them?
Chandresh:As a fanatical believer in Blockchain for many years, my thoughts are the same as Chris Dxion, I agree with WEB3.0, but I keep restraint on the narrative of the metaverse. WEB3.0 is the basic bottom layer for realizing value distribution, and it is also the infrastructure of Block space. Metaverse, I believe our great human intellect will also realize it eventually, but not now. The key is that the inter-Block is not only a narrative that can unify existing industrial technologies, but is also a practically implemented application product, which is also currently required.
Auria:Next question….
4 Q: Why did PORIOT step into the IDO track and develop ZK-PORT when the market was down?
Chandresh:I will answer this question from both external and internal perspectives: Externally, we find that many value project creators lack the ability to discover project value, while most industrial investors lack the ability to discover the value of projects and realize their own ability of maximizing profits. Inside the PORIOT ecosystem, I found that there is a need for applications and tokens with universal utility to link developers and users inside and outside the ecosystem. The IDO platform is undoubtedly the best track for gathering industry developers and users.
Auria:Great!
It’s going to be quite different.
Next question…..
5 Q: Compared with the existing IDO platform, how does ZK-PORT build a differentiated advantage based on its own competitive barriers?
Chandresh:Mainly in 3 aspects:
1. Formulate the optimal combination of issuance targets based on market reputation, not just institutional reputation. Through combined analysis of big data and expert strategy database, formulate targets that integrate strong endorsement, strong meme and strong narrative, with the optimal distribution ratio.
2. Create a precedent for the DAO governance of the IDO platform, and the platform governance and decision-making rights are completely delegated to the PORT owners, truly realizing the universal IDO.
3. 100% of the funds use smart contracts to automatically execute the market value, eliminating capital whales and black box operations.
Auria:The following is the part that interested the market the most, let us discuss the platform currency PORT
Chandresh:yes, i’m excited too.
Auria:
6 Q: How is the economic model of PORT different from other IDO platform coins?
Chandresh:First of all, PORT is the world’s first IDO platform currency that is 100% in the hands of all participants of the platform. Using its distribution method- (Issuance: 94 million Issuance mechanism: Public offering: 1% Private placement: 5% Platform And the fund company: 4% on-chain contracts: 90% destruction.), we can see that the initial issuance of PORT is small, coupled with the huge destruction of 90%, and its market circulation will always remain in a state of shortage. In order to realise user participation, the public offering of the IDO platform must hold PORT. If users invest in income, it will promote them to hold more PORT. In order to maintain high-speed liquidity of PORT, the DAO Executive Committee will continue to launch star coins. This will form a self-driving virtuous positive cycle business model.
Auria:Great.
Chandresh:Thanks.
Auria:Next question….
7 Q: When will ZK-PORT go live. Is there any Starcoin IDO plan?
Chandresh:We will focus on preparing the IDO platform in August, and it will be launched as soon as possible according to the specific time of preparation.
Auria:Alright.
8 Q: What role does the core asset PORT play at the moment?
Chandresh:This is the key question.
The core asset of PORT is currently an important liquid asset in the poriot Block space. Fair issuance and mass destruction can itself continue to enhance the asset value of the ZK-PORT value platform. In addition, the current ecological application can immediately destroy and use it again and again. Even in a bear market, it can highlight the core advantages of PORT’s scarcity, ecologically rigid demand and high and stable liquidity.
Auria:Moving on to our last question of this segment.
9 Q: How do we get more information about PORIOT and ZK-PORT?
Chandresh:Poriot official website:https://poriot.com
Medium:http://poriotofficial.medium.com
https://twitter.com/poriot_official
Telegram: https://t.me/PoriotGlobal；
Auria:That’s wraps up the first part of the Ama session .Thanks Chandresh for your Answers!
Chandresh:My pleasure!
Auria:Let’s now proceed to the twitter segment.
Chandresh:Okay!
SEGMENT 2
Auria:Here’s the first interesting question from twitter.
Q.1 I would like to know about “pay port Wallet” what’s unique features of PayPortWallet and how it will differ from other wallets? Does this wallet need kyc?
Twitter question from @miyamee11
Chandresh:Your insights are great, PayPortWallet is the gateway to the Poriot block space, the world’s leading lightweight wallet, as a bridge between the atomic world and the block world, you can travel the block space through Poriot Wallet anytime and anywhere , to experience a series of services such as digital asset trading full-scene services, decentralized social networking, NFT trading, etc., and these do not require KYC, just a wallet address.
Auria:Niice!
Let’s move to the next question.
Q.2 I read on your whitepaper something like “Network Reference Line “ which i haven’t heard about before could you please explain us more about this?
Twitter question from @jyoti793872161
Chandresh:It seems that you are a blockchain technology enthusiast. The “network reference line” is an important part of the Poriot public chain protocol algorithm.It can decide how to distribute network resources and incentives more evenly.
Auria:Q.3 I want to know that can we build dapp on poriot? And what’s POR this is new for us how do you attract other blockchain users to try poriot? And how do we trust do have audit report ATM?
Twitter question from @ezealmodelss
Chandresh:Of course, as the world’s first block space, we welcome developers around the world to join us to enrich the space ecological application. The POR you mentioned is the consensus mechanism of the Poriot public chain. Unlike POW and POS consensus, POR will bring higher efficiency to the entire ecosystem with lower consumption. As for the audit issue you mentioned, Poriot has passed the code audit of the famous auditing agency .
Auria:Next question…..
Q.4 Does Poriot is easy to use for beginners what’s your advance feature and lastly what would you do for attractive new investors and for long term?
Twitter question from @taehyungvbts27
Chandresh:Of course, easy to use is the №1 criterion in the design of Poriot products. For new and long-term investors, all we can say to them is that Poriot will continue to progress and develop products that will help drive the industry forward. Because we are industry builders.
Auria:Moving on to our last question of Twitter segment.
Q.5 Are you support charity if yes, What are the rules and procedures that will govern the internal management of your platform with respect to the selection of charity firms you intend to help?how do you ensure the longevity of you charity?
Twitter question from@arianaaaa091
Chandresh:Of course, the birth of the POR consensus will help to improve the unfavorable image of the original industry on environmental consumption. And Poriot has been keeping an eye on startup teams that are creative but lack R&D funding. All our decisions are voted on by the Poriot DAO Executive Committee, and you are welcome to be a part of it.
Auria:That’s wraps up the Second part of the Ama session .Thanks Chandresh for your Answers!
Chandresh:Thanks to you and these friends from Twitter.
SEGMENT 3
Q.1
1- Telegram Group
2-YouTube channel
3- Tiktok Channel
4- Website
5- twitter
For this project? What Social media Can I follow to get the latest Your Project information? Thaks sir.
Chandresh:I have already answered this question, but I am still willing to answer it for you again:
Poriot official website:https://poriot.com
Medium:http://poriotofficial.medium.com
https://twitter.com/poriot_official
Telegram: https://t.me/PoriotGlobal；
Q.2 Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Do you have guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?
Chandresh:Issuance of PORT: 94 million Issuance mechanism: Public offering: 1% Private placement: 5% Platform And the fund company: 4% on-chain contracts: 90% destruction.Also, I am proud to be part of Poriot.
Q.3 Please tell me sir.
Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Chandresh:Poriot chain/Poriot wallet/ZK-Port.
Q.4 Do you have any plan on implementing a NFT on your project? Recently many NFT projects are flying, please explain us about your project concern on NFT?
Chandresh:In addition to the IDO platform ZK-Port, we will also develop a very creative NFT product in the future.
Q.5 Where can I buy your tokens right now what is your current contract and how can I buy them?
Chandresh:As you kown,DEX and various distributed SWAP protocols will be the future of industry trading, and we are currently witnessing this trend. Currently, PORT holders can trade in swap at any time, and early holders have already enjoyed the increased value of PORT.
Of course, please follow our social platforms:
Poriot official website:https://poriot.com
Medium:http://poriotofficial.medium.com
https://twitter.com/poriot_official
Telegram: https://t.me/PoriotGlobal；
Auria:Thank you so much for your time with us today!
Chandresh:Thank you again for your enthusiasm, looking forward to seeing you next time.
Chandresh:We are living in a changing world. In the future, Poriot will continue to develop to adapt to the changes of this changing world, let us look forward to it together, thank you,see you.
Auria:Great session it was.
Good luck to the whole team!