RECAP: AMA with Ms. Tracy Le at Crypto Talkz Community.
In case you missed the recent AMA at Crypto Talkz Community, we have you covered.
Here’s a full summary of Meychain AMA at Crypto Talkz Community with Ms. Tracy Le — CMO of Meychain. We dived deep into some insightful details on the news and updates with regards to Meychain.
Read the AMA to know more about our updates, news, and announcements.
Q: To begin with, please introduce yourself to our community and give us some of your background?
T: Hello Crypto Talkz Community.
Today I am very pleased to represent the Meychain project to join the AMA at the Crypto Talkz Community. I would like to introduce myself a little bit. My name is Tracy Le, you can call me Tracy. I am currently the CMO of the Meychain project.
Before, I studied and worked in Korea for about 8 years. After that, I returned to Vietnam and worked for Lotte Group. In addition, I also participated in consulting development strategy for blockchain projects in Vietnam as well as Korea for many years.
Q: To get to know your project faster and better, could you briefly introduce MeyChain to us?
T: Meychain is a specialized platform providing solutions for the real estate industry based on blockchain. With firm belief in the future of the digital economy based on blockchain technology, we look forward to building Meychain, an interoperable and scalable Blockchain platform, along with application protocols to provide new infrastructure and services to the real estate industry.
Meychain project was started on September 2021. Currently, Meychain develops communities in Vietnam and internationally. We still follow the development roadmap published on the whitepaper.
Q: What mechanisms are you going to implement to make MeyChain sustainable?
T: Governance mechanisms on the Meychain Network ensure that only qualified candidates have the opportunity to join the group of network operators, and prevent corruption caused by any single body or malicious actors.
To become an operating node, a valid candidate must stake a required minimum amount of native coins to activate its account. By complying with the Four Fundamental Principles and innovative governance schemes, Meychain inherits characteristics of major public blockchains, and has preeminent advantages amongst others.
1. Safety & security: the chain is safe and resistant against any attack thanks to decentralization and the consensus mechanism.
2. Availability: the system works in any circumstance, despite the missing of any node.
3. Transparency: all of the transactions and block data are published and kept the same by all the network participants.
4. Easy upgrade: Meychain can upgrade easily as long as getting approved by the majority of the network operators. Moreover, a special mechanism allows the Meychain to restore the normal state quickly in the case of being attacked and damaged.
In addition, Meychain also develops an ecosystem of products to ensure sustainability, maximum support for people involved in real estate transactions. Based on the core blockchain, Meychain ecosystem is built-in with several innovations as fundamental protocols and applications to serve its specific industry:
1. Property tokenization protocol
2. Decentralized real estate trading platform
3. Decentralized crypto exchange
4. Decentralized lending
5. Cross-chain bridge
6. Stablecoin protocol
Q: In a downtrend market with many fuds related to the crypto market, does Meychain team still focus on developing products. In a short word, what is your team doing now for the Meychain project?
T: With a long-term vision with Meychain, the team is still making attempts on researching and developing the product according to our roadmap. We have just released the Testnet of Real Estate Tokenization Launchpad. Here, real estate owners can create their own token and list their tokenized properties. Each property will be offered for sale under the form of a token in a specific launchpad and investors can purchase this token which represents the ownership of the property.
Let’s me send you the link for our product:
- Video demo Tokenization Launchpad: https://youtu.be/X0twOkHj4pE
- Testnet Tokenization Launchpad: https://test.meychain.io/launchpad
It is still the test version, we are working hard to perfect this one to enable the best user experience. So, stay tuned with us!
Q: What are the benefits of holding real estate tokens?
T: Instead of owning tokens with no security of value, real estate tokens will have real estate as collateral — something you can see and verify through legal documents and even their physical appearance.
In the short-term plan, investors holding real estate tokens can trade them on Meychain’s exchange, bringing liquidity to those tokens *small hint of Meychain’s upcoming move*. In addition, you can also deposit tokens to receive interest if you are a type of being too busy to perform daily trade.
Q: Is there any bullish information that hasn’t yet been made public that you can share with our community for ‘exclusive’ news before we wrap up our first segment?
T: Such a nice question! Let’s me give you a little hint about our product. Our final tokenization launchpad is expected to be launched in early July, which would be bullish news for Meychain in the current situation of crypto world where some poor-developed projects with no real products are ruining real developers. Stay tuned with us and keep your support for Meychain.
Q: How do investors find suitable / suitable products on Meychain’s platform?
T: Choosing to invest in real estate encrypted on Meychain’s platform is not difficult. As you can see in the demo video of real estate encoding products, for each real estate we ask the property owner to provide detailed, specific, transparent information and images. accompanying real estate verification documents. Investors can find real estate for investment by geographical location, price, real estate use purpose, …
Q: What can Meychain products do to solve the traditional real estate problem?
T: Regarding real-world problems and real estate pain that Meychain wants to solve, we have explored, researched what blockchain has been doing, there is clearly no solution. is perfect and no single platform can match everything, especially for real estate — an area that accounts for a huge proportion of the world’s net worth.
Meychain is not a generic template for operating public smart contracts, nor is it a specific private blockchain. We build a specialized and optimized interoperable platform for real estate investment and property management, providing a simple and easy platform for seamless connection between financial sectors. and the emerging cryptocurrency world.
To make it simple, Meychain facilitates real estate processes more conveniently, eliminating the complicated and time-consuming paperwork of conventional real estate businesses to get the flow. Simple liquidity flow of an asset with the adoption of blockchain technology.
Q: Which market is Meychain targeting? Can you share more about Meychain’s International Market Development Plan?
T: The markets that Meychain is aiming for are South Korea, Indonesia, Thailand, China, India, Turkey and some other crypto markets in the Middle East.
We plan to build investor communities in every market we’re interested in. Besides, there are a lot of activities for the community like Airdrop events, Mey token bulk Bounty for event participants or Project Launch in markets and AMAs like these for the community. international co.
We look forward to receiving the followings and support from the Crypto Talkz community for our activities in the coming time.
Q: Can you tell us a little bit about the products, protocols and tools that Meychain plans to develop within its platform? How will these tools help solve the problems experienced by real estate in the traditional financial area?
T: Thanks for your pretty interesting question. I think this question will definitely be a question shared by many investors and the community.
I would like to send a demo link of our product Tokenization Launchpad one more time : https://youtu.be/X0twOkHj4pE
Meychain project’s product in this period is a real estate encryption platform and encrypted real estate listing. With simple operations such as filling out, posting real estate information and documents on the platform then following our instructions, a real estate can be successfully encrypted and listed on the platform. communication.
So how does Meychain’s product model benefit real estate investors and owners?
The first benefit of this product is the benefit for the owner of the property. They can access their capital globally through tokenization and listing their property on our platform quickly and efficiently.
The second benefit is for investors. For individual investors, although the investment capital is not much, you can still invest in real estate securely and safely no matter where you are in the world.
Q: The fact that the market is in a bad state right now makes the investor nervous and they are hesitant to projects, what do you offer to attract investors under these condition?
T: From my personal point of view after having experienced the crypto market over the years. There are times when bitcoin is divided by 3 divided by 5, but as you can see, there are times when bitcoin continuously creates ATH. Investors themselves who have held bitcoins in the past 2–3 years claim they multiply 2 times by 3 accounts. So volatility in the crypto market is natural and we should take it positively.
I believe that with the existing potential of an experienced team, solid financial resources and enthusiastic support from the community, although the project has not officially launched yet, we believe that Meychain can confidently list. listing international exchanges at any given time. However, we will consider carefully choosing the listing time to bring optimal benefits to the project and investor community.
