Aquaris AMA Questions
Hi Everyone! Welcome to another BeInCrypto AMA Session.
Today we have Andrei (@Andrei_AQUARIS) and Alex (@AlexAQUARIS). They are respectively co-founder and COO of Aquaris.
For the uninitiated, Aquaris is a platform that aims to modernize and optimize the fish product industry using blockchain technology.
BeInCrypto (BIC): Here is how things will work. I’ll have 10 questions for them. After that, they will pick up 5 out of all the questions you asked before the session. Good luck to you all!
(This AMA session has been edited for clarity.)
BIC: I would like to ask you something general to kick things off, so please provide some personal background as well as some references you guys looked at before creating Aquaris.
Alex: My short story is that I come from an IT background and began my career in data management. I became interested in cryptocurrency and blockchain technology when I got an opportunity to join one of the most prominent peer-to-peer cryptocurrency startups back in 2017. There, I established and grew global teams and became Head of Support. I later moved on to work in the Compliance Department of the same company and helped establish processes there. Currently, I am the COO at Aquaris.
Andrei: I’m Andrei, co-founder of the AQUARIS project. Nice to see you here on a Friday! My background is in shipping, engineering, port, and ship management. While at sea, I spent a lot of time on the internet researching blockchain. I went on to work in the crypto industry after seeing the big future in the field. It leads to over 5 years of experience in the blockchain industry, working with several crypto projects that have reached good heights in cryptocurrency. From these experiences, I now believe it’s time to grow a project I can call my own, combining my 2 great passions.
Alex: We also have 2 other colleagues who couldn’t join us today. Mikhail. He’s had 30 years of experience in the fishing industry. He’s held different roles: from sales, fish farming, processing fish products, and is currently in charge of a fish processing and distribution business in Estonia. So, you can say he’s the Aquaman but don’t tell him that. His role in AQUARIS focuses on dealing with the factories directly and the production side of fish processing. Mikhail works to ensure that everything runs as smoothly and efficiently as the technology we’re working with.
Alex: And the last one is Dmitri, who is leading the Business Development side of AQUARIS. He has taken different managing roles in the past, starting from a team lead and growing into a project manager since 2017.
BIC: You call yourselves a ‘business token for the water century’. Could you please shortly describe the main idea/purpose behind your project?
Andrei: AQUARIS integrates blockchain into the fish product industry, which streamlines operations while increasing profits with the addition of transparency to the process. This is done by first bringing core business together — distributors, fish processing facilities, certifiers, and start-ups concerning seafood and water products — to minimize the impact on nature.
BIC: Noted. By the way, how do you plan to use the blockchain technology on Aquaris? What would be the process from a newbie’s perspective?
Alex: Simply put, we make investing in the seafood and water industries as easy as possible using crypto. And, at the same time, through the AQS token, allows users to stake and earn additional rewards.
Who here likes seafood?
One of our use cases is the modernization of the fish industry. Seafood demand has only increased in the past years, and it looks like it won’t slow down any time soon. It is the world’s largest traded food commodity, yet modernization has been slow. Through AQUARIS, we’ll allow these businesses to invest in innovating their processes and create solutions to keep up with the world’s demand
Andrei: Another use case, that everyone will like
Stress-free yields. Let’s admit it, many people in crypto are still in it to make money. The problem is that there are very few ways to do it, and they are still complicated. We want to make it more convenient. There is no need to worry about a volatile crypto market and benefit from yields based on fully operating and profitable businesses.
Lastly, More crypto visibility. We would like to see crypto gain more popularity and reach more people worldwide. The way we wish to achieve that is by merging blockchain tech with regular business. The first business in which Aquaris will invest is a fish processing facility in Estonia that will be integrated into a crypto mining plant by making use of renewable energy.”
BIC: Cool. It’s time to introduce your native token to our community! What do you have to say about AQS in terms of tokenomics and how does it fit within your ecosystem?
Andrei: Now for the bigger picture of tokenomics I would like to refer you to the 10th slide on our slide deck.
Everyone who bought the tokens during the Private round (which is still open) is going to receive the full amount within a 12 month period with monthly partial unlocks. We are considering several different launchpad options at the moment and once the launch there happens, AQUARIS will be listed on Uniswap with token distribution happening just prior to the token listing.
BIC: Several projects currently use some strategies to maximize the number of holders. What are some of the benefits for those ones who hold your tokens?
Alex: Another good question. Thank you!
Users can use the token for staking and enjoying consistent yields. The bravest of hearts are free to ride the price waves with their buy and sell orders. The AQUARIS staking pool offers up to 15% per year, with a combined reward reaching upwards of 25%, featuring four staking levels based on the amount staked. These accounts will be accessible via the AQUARIS Portal.
BIC: On top of that, you also have a staking program. What can you tell us about it?
Alex: Users can use the token for staking and enjoying consistent yields. The bravest of hearts are free to ride the price waves with their buy and sell orders. The AQUARIS staking pool offers up to 15% per year, with a combined reward reaching upwards of 25%, featuring four staking levels based on the amount staked. These accounts will be accessible via the AQUARIS Portal.
BIC: Got it. Also, I know you’ve recently launched a program focused on ‘Early Adopters’, right? Please share some additional info about it! How can one participate?
Andrei: The Early Adopters Program is part of our community-building efforts. By joining, individuals will have exclusive access to early release versions of the AQUARIS platform, among many things. There are 5 super easy tasks and there’s an 850,00 $AQS prize pool.
You can join by visiting this page.
BIC: Are you planning your Token Public Launch anytime soon? What’s the current status? I bet some of our members are curious about how to purchase them right now.
Andrei: Private sale round is in its late stages now and is carried out using SAFT contract with a token price of $0.01. As per our roadmap next up is listing on a launchpad similar to Polkastarter, Coinlist, Trustswap, etc. A few days after the launchpad would be Uniswap listing and CEX would happen a bit later. We are taking it step by step.
BIC: Great! What do the enthusiasts/investors can expect when it comes to future plans aka roadmap? What do you have in mind for Aquaris in the next few weeks or months?
Alex: So we have a roadmap laid out. I am happy to say we have been keeping up with it rather well with some kinks in the road here and there. That’s what makes the journey fun, right?
As for more news and updates please follow us on our social media channels to be the first to hear the latest and greatest from us
BIC: Awesome, that’s it. I’m quite sure we’ve covered all the main topics today. Could you please share all the links to your Social Media channels so that our community can get to know Aquaris a little better?
Andrei: Visit our website, get updates on LinkedIn, follow us on Twitter, join our Telegram group.
Community (COM): Do you have any reward program events ongoing or upcoming, please give us details & do you have any ambassador programs also? Many communities organize events to attract more people. It is also the main thing to attract investors.
Hi! We currently have the Early Adopters Program. There are 5 super easy tasks and there’s an 850,00 $AQS prize pool!
You can join by visiting this page.
We have heard from several people that they’re interested in an ambassadors program, that’s something we’ll definitely consider. Once we have it, we’ll go back here and let you know!
COM: Regarding the safety and security of your platform what are the security measures adopted and have you done any audit of smart contracts?
If you mean AQUARIS as a user platform, everything is being done to the highest security standards up-to-date security protocols. We prefer to store minimal user data on our side and work with established third-party service providers like BitGo for wallet services and Amazon Web Services (AWS) for data storage.
The wallet will be built on BitGo, which we have the most experience with digital asset custody.
If you mean AQS, our native token, we have successfully passed the token code audit by Pessimistic.io.
To add to that, we plan to have a bug bounty program for finding any further issues or vulnerabilities with our token code and the user platform.
COM: What assurances besides being here can you share with us that make this a safe investment ie. Audits, liquidity locked, etc???
I will be honest here. The crypto space has some bad players and that is very unfortunate. Being the early investor has its risks for sure. Now from our side we have done the groundwork and our background is public and our identities are known. At the end of the day, everyone needs to decide when they wish to invest in any given project. If there are fears or concerns – we hear you, we try to be as transparent as possible. We urge you to keep up with our social media channels and development and hopefully, we will be able to win your trust.
Additionally, you can check aquaris.io where we outline the breakdown and the lock periods for the tokens.
COM: How to buy tokens from your project and Will you have a program to sell tokens to users in the near future?
Hi there! We are happy to help via Telegram but the best way if you would like to buy the tokens, for now, is by contacting us through the website contact form or emailing directly at mailto:email@example.com. For the early investors, we offer the lowest price and use the Simple Agreement for Future Tokens (SAFTs) contract.
I’ll plug this again, you can also get free tokens by signing up for our Early Adopters Program.
COM: So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now?
Another good question here.
So when a project is starting out it usually sticks to an MVP (minimum viable product) approach. This is what we are doing now too. It is outlined in our road map. So once we get through the launchpad stage and can get the production up and running that’s when things are really going to kick off. Then we will rely on the experience of Mikhail to make the production side operate smoothly while the rest of us will be handling the crypto side of things.
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.