Friday 23 April 2021 ,7PM GMT+7. Wayne – COO of FlowCom join join a live Ask Me Anything session in Forum Crypto Moonlight Indonesia.
HERE OUR RECAP
Joel Natanael : Hello everyone welcome back again to AMA series FCM. Today we will have an AMA with Mr Wayne Huang as COO of FlowCom Community 🥳
Hi Mr Wayne Huang from FlowCom Community, thank you for having AMA in here. Will you say hi to our community 😀?
Wayne Huang : Selamat Malam everyone!
Thank you for inviting Flowcom!
Joel Natanael : We are also happy your project want to host an AMA here in our community 😊
Before we start this AMA I’ll explain a little bit about how the AMA will works today
So there are 3 segment in this AMA
Segment 1: Project Introduction
Segment 2: Question from Twitter
Segment 3: Free Asking
SESSION PROJECT INTRODUCTION
Joel Natanael : Q1. Can you explain to us a little about your background before entering the cryptocurrency world and why did you finally decide to become COO of FlowCom?
Wayne Huang :I have been in Fintech since 2015. Prior to joining Flowcom, I spent 4 years in Korea and China advising various blockchain related companies in terms on utility as well as tokenization of conventional businesses.
What inspired me to join Flowcom is its ethos revenue and rewards should be shared with users who become part of your big data. A sustainable and healthy business in my opinion has to be a 2 way street and I’m very much against exploitation of data.
Flowcom allow users to share part of the revenue from merchants/advertisers by swapping their points from viewing ads or answering quizzes to free 5G data packets or FiG tokens. All at no costs to the users.
Joel Natanael : Q2. Can you explain to us in one sentence, what is FlowCom? And what are the goals / ambitions of this project?
Wayne Huang : Flowcom brings free 5G to the masses.
The goals of this project is very straightforward. The fees from advertisers and merchants goes towards purchasing 5G data and are given to our users.
Our ambitions rise from the current exploitation of big data by Big Tech companies. Users are so dependent on social media that their data is being monetize without benefits to themselves. Flowcom wants to include users to be part of the revenue stream.
Joel Natanael : Q3. Untill now to what extent has FlowCom developed so far? And what developments will be made in the future? Listing on exchange? Add more partnerships? Or any other plan?
Wayne Huang : Till date, Flowcom has infrastructure in 8 countries. Users are already able to swap FiG points for free data in these 8 countries.
Currently we work with 19 telcos across 8 countries.
Next in line for 2021 is to increase the number of telcos to more than 100 across 23 countries.
Also, we are going to launch V2.0 of our app that includes the social networking function and E-commerce market place.
The E-market place will list some of our merchant’s product where users can purchase them with FiG.
With regards to listing, we will be on Pancake Swap in June 2021 and we are also in talks with major centralized exchanges to list FiG around Q3 of 2021.
Joel Natanael : Q4. I see that your project have application named FlowCom, can you explain to us more details about this app? What can users do with this app and how to use the app?
Wayne Huang : It’s a very simple application. Users can download the app, answer the quiz questions and earn Fig points. These points can be swapped for FiG tokens or free 5G data.
Very soon, our merchant ads will be visible in-app. Users will be able to earn points by watching ads.
It’s free to use, you receive tokens or 5G data in return for viewing ads.
Joel Natanael : Q5. Your presale still active right? In case some of our members wants to join the presale. Can you explain to us how to join the presale? Any requirement do we need to follow? And other details we need to know about the presale please
Wayne Huang : Yes! we are in phase 2 of our presale right now.
$0.58 per FiG. Phase 2 of our presale only has 5.2M tokens allocated for subscription. Any unsold tokens during the presale will be burnt
Our listing price on Pancake Swap will be around $1.
Users can sign up an account at:
In order to decide whether you want to take part in the presale, it’s important that you understand the tokenomics behind. As such, I will be sending the information as below:
All tokens are pre-minted at once. Any unsold tokens from the presale will be completely burned off. We allocate 35% purely for bootstrapping the ecosystem and user base as this is crucial for long term sustainability.
For the first 6months of going live with merchants, 50% of the revenue generated will be used to buy-back FiG tokens on the open market. These tokens will be burnt.
Tokens allocated to the team is only 10% and they are locked up for a year. The main reason for this is that the team will only be able to see decent gains and rewards upon successful integration of all technical and operational aspects of this platform. In short; if we didn’t do a good job, not only would the team have gotten nothing out of this, they would have wasted 1-2 years on it.
The best way to protect the community and ensure sustainability is to ensure the dev team only reaps the rewards AFTER the community does.
SESSION QUESTION FROM TWITTER
Q1. from @ChrisChriscraw : What gives the value of $FIG ? What is the role of it in-out your ecosystem? Could you please mention some advantages of holding $FIG in the long-term? What are the important achievements $FIG has achieved so far?
Wayne Huang : Everyone knows that the price mechanism of any token is built almost solely on supply and demand.
Here are a few points in ensuring FiG’s demand:
1. The initial supply is pre-mined
2. Initial supply is relatively low 38.9M
3. Any unsold tokens in presale will be burnt
4. Partnerships (merchants/advertisers) need to purchase FiG to onboard our ecosystem (demand)
5. In countries that we support, users can buy FiG to swap for 5G data if their local ISP charges more expensively for 5G
6. 50% of the revenue of Flowcom will be used to buyback FiG tokens and burnt
7. The external pent-up demand for FiG will grow as the 5G industry rapidly matures
8. Presale participants will have only 30% of their tokens released to them slowly, 1% per hour in the first 30hrs. To prevent any major dump. The rest of the 70% will be released at 1% rate per day.
We are already in the process of collaboration with DeFi yield farming projects that adds value to FiG. Please join our telegram group for more detailed information
Q2. From @Gazianteplyy : What makes you feel confident about the survival & sustainable success of Your project in the near future? While you build your project, do you take into account community feedbacks and demands?
Wayne Huang : We are already a working platform. There is no doubt about the survival of this project because we are already past the most vulnerable stage of Proof Of Concept!
In terms of sustainability, we have existing partnerships that are generating revenue.
Our key focus is on expansion instead of survival.
And yes, we listen very much to the community! Being built on BSC is an example! Our community wants us to build on BSC. And if the community decides something to be better for the platform, we are all for it.
Every FiG token holder is a stakeholder in this company
Q3. From @Safi4568 : What is the most ambitious goal of your project? I would appreciate it if you could share with us any Upcoming Updates?
Wayne Huang : The ambitious goal of our project is to maintain the value of FiG to above $10, which is brings a reasonable market cap of $390Million for real working projects.
The most immediate update will be V2.0 of our app that has merchant videos…and DeFi Partnership with REEF and CAKE
Q4. From @ValerieElash4 : Many blockchain projects are on paper only and don’t have any product or have a product with no practical use case. Please let us know what is Coin ‘s current practical product in use? What are your plans for the product to be better in the future?
Wayne Huang : We belong to a handful of projects that already has a working utility before the IDO listing.
This is the main reason we start the presale phase only AFTER the infrastructure of swapping points for 5G is completed and only after the Binance smart chain deployment is done.
We want to show the community that this is not “dream-selling” project where users might see something few months later.
Statistically, most ICO projects don’t survive past the “proof-of-concept” PoC stage!
We very proud to show that Flowcom is already past the PoC stage, having already vested time and resources to build something usable even before the seed round of the presale.
There are many educated community members that DYOR and this is something tangible to show.
It speaks volume about what kind of foundation Flowcom is built on.
Q5. From @HanceerBurak : I was struck by the issue of 5G Free offered by its FLOWCOM project when exchanging points, but I wonder, in countries where the reach of 5G is not available, for example Venezuela, could its virtual network operator MVNO expand there?
Wayne Huang :We are a MVNO that partners with local Telcos. If the local telcos’ doesn’t yet have a working 5G infrastructure, we could still provide free data connection up to the maximum speed of the local Telco’s infrastructure.
In countries that we have yet to establish a partner telco, users can swap their points for FiG tokens which can then be sold on exchange. Whichever way it moves, users will only stand to benefit from it!
SESSION FREE ASKING
Q1. Karoceh : Apart from supply and demand, do you believe that the price of FIG tokens can increase by adding utility tokens? Does Flowcom have any plans to increase the utility of the FIG token?
Wayne Huang : Yes. We believe utility is the only way to ensure the value of the token in the bear market.
The current utility we have is for FiG tokens to be swapped for 5G data.
Next utility by Q3 will be partnership with Yield farming project where fig can be used to mine other tokens.
And FiG tokens can also be used to buy products from our listed merchants.
Most exciting part is the launch of FiG debit card this year. More use-cases will be built for telcos and merchants too. We are also collaborating with cross-industry’s entities!
Q2. Andreane Schaden : In what ways do you think FlowCom contributes so that financial institutions can benefit from the advantages that DeFi offers?
Wayne Huang: DeFi market is very huge and yet dangerous. Many new investors get hurt in this environment. Flowcom only selects and work with the most reputable and safe DeFi partners to bring them to our users. So while they earn FiG from watch ads…this Fig also earns them other tokens while they sleep.
Q3. 𝐌𝐎𝐇𝐀𝐌𝐄𝐃 𝐍𝐀𝐃𝐘 :
Which one of these aspects important for you?
1-Increasing Token Price&Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
Wayne Huang : 1234 are all equally important. However, I believe community trust is very realistic. If our token goes to $10, everyone will love and trust us. If token goes to 0.0001, everyone will say it’s a scam.
So the most important part is increasing the TRUE value of the token through real and sustainable partnerships with telcos, users and merchants.
LONG TERM growth is better than 10X in 1 day and rugpull the next day
Q4. Alicia Feest : Can you share your experience and journey with the FlowCom project? What is the biggest achievement you are most proud of?
Wayne Huang : Proudest achievement is that the team can walk on the streets and look at all investors in the eye and smile. Because we are doing making real technology in a very wild and lawless crypto world. I’m proud of the team of being realistic and doing real things instead of “talking air”
Q5. Jibon : What does your roadmap for 2021-22 look like? Name some important milestones you are hoping to achieve?
Wayne Huang : Yes I will send in our roadmap and white paper for everyone to see it clearer. By the way, we are very much ahead in our road map. Our partnerships with telcos are also verifiable!
Before I end off…just so everyone is aware…please only visit our OFFICIAL links and don’t fall for scam
Upcoming IDO on pancake swap in June!
Flowcom is free to sign up and free to use, users can watch ads to earn tokens and swap it for free 5G data is 8 countries!
You may register an account here:
More Information about FLOWCOM:
Telegram group: https://t.me/FlowCom_Community