Sunday, 7th November 2021, 12 PM UTC

Hello everyone welcome back again to AMA series FCM. Today we will have an AMA with Praveen Gujjari as COO of Fabwelt Studios Ltd.

Hello Mr.Praveen Gujjari welcome to FCM 🥳🥳🥳. Happy yo see you here. Thank you for taking your time to be at FCM in the midst of your busy life. 🥳

Praveen Gujjari : Hello Everyone, Thank you for having me here. Looking forward to it!

I’ll explain a little bit about how the AMA will works today

There are 3 segment in this AMA

Segment 1: Project Introduction

Segment 2: Question from Twitter

Segment 3: Free Asking

Before we go to segment 1, Can you explain to us a little about your background before entering the cryptocurrency world and your journey untill join @FabweltToken project?

Praveen Gujjari  : I am Praveen Gujjari, the Chief Operating Officer for Fabwelt Studios Ltd. I am an Engineer by profession.I am very happy to be associated with Fabwelt. With just over a year into blockchain, I try to expand my horizon and learn new things everyday. So it is exciting about what we as Fabwelt do and what we are going to do in the future. We as a team believe that we are gonna make it big, with a sustainable ecosystem and a happy community.

SESSION PROJECT INTRODUCTION

Q1. Can you explain to us what FABWELT is? And what problem this project trying to solve?

Praveen Gujjari : In simple terms, Fabwelt is Blockchain technology + High-end Games

We aim to create games and technology that fully integrate blockchain technology for a advance gameplay experience. With In-game NFTs, Play to Earn and In-game DeFi as the Use cses, high-end games will be developed for all types of genres like 3D First Person Shooters, Action-adventures

games, Simulation games, Strategy games, Fantasy gaming, etc.All games Fabwelt produces will be integrated with blockchain technology at its core. This means a full experience of in-game NFTs, Play to Earn and in-game DeFi.

Q2. Can you please explain more on the Fantasy Gaming Platform, Fabwelt, What benefits will Fabwelt   be to users ?

Praveen Gujjari : Let me clarify one thing, FABWELT is our Project/Company Name, and FANWELT is the name of the Fantasy Sports Platform which will be developed under the FABWELT Gaming Ecosystem

This is my favorite question, as it is a concept that has years of experiments behind it.

FANWELT – Fan means Fantasy, Welt means World, is a Fantasy sports platform designed with an experience of over 6 years by the Fabwelt team. We believe fantasy sports is a fun way to enhance sports knowledge and blockchain provides us the right platform to incentivize with respect to the time provided to play it. We will introduce all kinds of sports eventually on Fanwelt platform to participate and relish the new kind of sports gaming experience.Users will have the chance to get rewards daily and also bag the jackpot prizes by Fabwelt.

Personally FANWELT going LIVE is something I am really excited about. With everyones support, it is gonna happen in the very near future.

Q3. How the project is going to grow Metaverse thing ? How will it work ?

Praveen Gujjari : Metaverse itself is currently a growing and trending topic and it is just perfect for Fabwelt.

Praveen Gujjari : With different types of games on the Fabwelt Ecosystem, the potential for Fabwelt Metaverse is huge. The ideas are never ending.

Imagine a virtual world where you can choose between games and interact with other users in diffferent gaming environments. This is an example of what Fabwelt wants to achieve.

Q4. Can you share with us detailed information on the $WELT tokenomics?

Praveen Gujjari  : WELT token is a Utility Token on the Polygon Network, with a total supply of 500 million.

This chart clearly depicts the $WELT Tokenomics!

As already mentioned, the use cases would be: FABWELT Gaming Ecosystem, In-Game NFTs, Staking & In-game DeFi.

Q5. what is future program planning for fabwelt himself?

Praveen Gujjari  :  We have a well-structured Roadmap with defined milestones and we intend to sustain until blockchain exists, even after as a traditional gaming company.

With relentless development and a dedicated team, we will surely deliver what we promised and we will deliver even more.

In the coming days, we aim to launch with a successful completion of investment rounds. Our IDO will be conducted on several launchpads. We never stop with our technical development, introduction of Arsenal to the public which will be followed by Fanwelt and many other high end games in coming year.

Also, not to lose focus with marketing.  We have divided our marketing campaign into various phases. We execute each phase according to market dynamics and have been doing it since Q2 2021.

We will also focus on reaching the WELT token to every corner of the world by listing in on various DEXs and CEXs.

Overall the roadmap is focused on providing the best service to our community and users on the platform. ROADMAP.

SESSION QUESTION FROM TWITTER

Q1.From :  @KabitaTridev Nobody can guarantee the security of Smart contract. But Audit play an important role to find out the known bugs of smart contract. Can you tell us describe how strong is your security? Have you done an audit by any third party?

Praveen Gujjari : For any project, Security is very important. We just make sure, we maintain the necessary standards of security from day one. We already have a solid base with our experienced developer team and with time the size will increase too. This combination of expertise and size makes sure the Fabwelt Ecosystem is safe and secure.

For instance, all our smart contracts are audited by a certified and reputed audit companies.

We have been audited by Tech-rate. The token contract is done. We are again auditing by Certik for token, staking and NFT contracts. The results showed no errors or backlogs.

Q2.From : @Dagaron1231 According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?

Praveen Gujjari : We are currently busy with the Sale rounds and IDO Launch. After a successful launch, we get more power to execute our plans.

We have a really great community. We started with 80 in our official group and now we are a family of 27,000+ people and more than 10 local communities.

This is the proof for diversification and strength of the Fabwelt Community.

Simultaneously, we are working towards the Mainnet launch of Arsenal, which will follow after the IDO launch.

And also FANWELT is going on full speed mode.

Fabwelt lives and believes this statement.

Q3.from : @Albertjaison2 So Fabwelt is currently working on two games Arsenal and Fanwelt. Can you share a sneak peek onto these games? Will there be in-game NFTs in both the games? Can we buy them from your marketplace?? Is it required hold NFTs to play the games??

Praveen Gujjari : Arsenal (arsenal.fabwelt.com)

is a First person Shooter game. Arsenal involves servers across the globe and global tournaments which will be played after the successful deployment of its mainnet over polygon network.

Arsenal is a MVP with the very first introduction of Fabwelt in-Game NFTs. The in-game NFT technology that we provide in our games will be far more extended than the use as collectables only. We introduce NFT technology in our games as usable utilities supplemented by the known use cases as collectables and assets.

Fanwelt – Fan means Fantasy, Welt means World is a Fantasy sports platform designed with an experience of over 6 years by the Fabwelt team.

Using NFTs as in-game utilities means players can use specific NFTs to trigger special features/actions during gameplay. Few examples are:

Making the character running faster for a short period

Opening doors/boxes

Give your opponents a cloudy vision for a short time

Activate infinite ammo

Look through walls

Increase building speed

Wild Cards

Double Captain and so on. The Utilities can be never ending.

And yes, NFTs can be bought outside the Fabwelt Ecosystem. Fabwelt will also launch it’s own NFT market place for this same purpose. Users can stake or use these NFTs according to their strategies during gameplay.

Q4.from : @Inezlolly Your project is not only interesting but also important, but requires a large amount of user traffic to be sustainable over time. What marketing strategy are you planning to increase the validity of your brand? Are you planning a strategic partnership to improve your project?

Praveen Gujjari : Yes, it is infact one of the top priorities in the ROADMAP. We have different phases planned for marketing and will execute at appropriate time and market conditions. We have already officially published several partnerships in the last few weeks

And we have many more lined up. Stay tuned to discover them!

Q5.From : @Akash97321 From your outlined roadmap, I noticed that Fabwelt has 5 marketing phases which indicates the relevance of marketing to Fabwelt. I would like to know if you intend to start an ambassador program inorder to get people to promote this project?

Praveen Gujjari  : Of course! Fabwelt has already introduced a few promotional programs as a part of community growth, which were very successful.

Such programs will be announced at each phase. Something which is a continuous improvement aspect for Fabwelt.

SESSION FREE ASKING

Q1. What is the motivating factor behind project development?

What distinguishes from your competitors’ services?

Praveen Gujjari  : The Motivation factor is our concept with innovative ideas behind it. We aim to build an ecosystem that our community can come and find something to cheer about.

Q2. Which one of the most important for you?

1.Expanding Partnership Globally 

2.Increasing Token Price & Value.

3.Empowering Platform Development

4.Building Community Trust

Praveen Gujjari : Very tricky question, but I guess I can answer it in simple words.

1. Building Community Trust

2. Empowering Platform Development

3. Expanding Partnership Globally

These three will be equally important to grow organically and become a big platform.

And if we do all three right, I think the Token Price & Value will be automatically taken care of.

Q3. Currently, there are many DeFi platforms, especially games that offer NFT collections. However, the holder finds it difficult to sell the collection. What is the solution given by #FABWELT?

Praveen Gujjari : According to me, the main problems currently are speed and Gas fees.

For that very reasons, we chose Polygon, which is a fast and low gas fees (almost negligible) network.

Q4. Helo sir Do you have any

1. Telegram Group

2. YouTube channel

3. Tiktok Channel

4. Website

For this project? From where we can learn something? Please share with us link.

Praveen Gujjari:

details:

Website : https://www.fabwelt.com

Group : https://t.me/FabweltToken

announcement : https://t.me/fabweltannouncements

Medium : https://fabwelttoken.medium.com/

Twitter : https://twitter.com/fabwelttoken

YouTube: https://www.youtube.com/channel/UCjheE9_P68V1X43mf_SyUoA

Please visit the website, there are more links to follow and read about Fabwelt, such as Whitepaper, Instagrem, Facebook , Discord etc

Q5. STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have  plan about to Staking?

Praveen Gujjari : Yes, we are gonna develop our own Staking Portal and also collaborate with other platforms to provide decent staking options. And as an incentive for Stakers, rewards will be part of the Gaming Ecosystem.

“Special thanks to the FCM Community. They have been really patient and for giving your time!”

Website : https://www.fabwelt.com

Group : https://t.me/FabweltToken

announcement : https://t.me/fabweltannouncements

Medium : https://fabwelttoken.medium.com/

Twitter : https://twitter.com/fabwelttoken

YouTube: https://www.youtube.com/channel/UCjheE9_P68V1X43mf_SyUoA

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