AMA Recap: The Crypto Blade x Vulture Peak

7 min readFeb 11, 2022

INTRODUCTION:

Host: 1. First of all please introduce yourself, and share some information about your team, How big is your team right now?
Please write “done” once you complete your answer!

Alex: I am Alex(BD) of Vulture Peak. Well, my crypto journey started way back in 2013 when Bitcoin was around $300 and there were like only 10–20 coins in the market. Like everyone, I thought it was a scam and wasn’t interested in it, and time passed by until Bitcoin hit $20000 in 2017 that’s when I realized how I missed the opportunity and thought will not miss again. I was a part-time trader from then onwards and in 2021 that’s how I came across Vulture Peak, So, here I am.

Well, we are a small team from various backgrounds but yeah mostly from Asia.

Our dev team is from Vietnam known as Ekoios and we have in house marketing team as well as a marking team from India(Metawise)

Have advisors in Korea and Thailand from Oddiyana Ventures.

Host: 2. Can you please provide some information about the “Vulture Peak” project and How long you’ve been building this?

Alex: Well, Vulture Peak is a pioneering Launchpad and an Investment fund focusing on blockchain games, NFTs, metaverse, DeFi, and other developments in the blockchain space. It aspires to empower everyone with an investing power by providing equal opportunities for all to invest in the early stages of the projects.

The idea was conceived around Q4 of 2021 lead by our project lead KS and started the initial work from there and since then we have come a long way.

Host: 3. Please introduce the $VPK token economic system, and what are the utilities of your token?

Alex: Vulture Peak’s native token is VPK token. It will be used as a registration fee to get whitelisted for IDOs on our platform on a First Come First Served basis. We will also have DeFi tools like staking and farming pools. The later stage of the project will introduce DAO governance.

So like I said the main utility of the token is:

A. Whitelisting

To participate in IDO and get whitelisted with a guaranteed allocation one has to pay a registration fee worth $10-$30 (in native token).

B. Staking and Farming

We have unique staking and farming features whereby; In staking, users stake their VPK and VPK-BNB LP tokens to increase their total points depending on the number of tokens staked. When users unstack, their total points will decrease accordingly. The points collected from staking will be incentivized in terms of token in the future or in participation of games, NFT, and the metaverse. Whereas, in Farming Pool, users stake their VPK tokens to earn reward tokens depending on the duration and the number of tokens staked.

C. DAO Governance

For large holders of the token, apart from staking and farming their tokens, they will have the right to vote for the community and ecosystem development.

Host: 4. Can you tell us some outstanding features of Vulture Peak protocol?

Alex: Unlike other Launchpads, Vulture Peak requires no staking or locking up of tokens to get whitelisted. It’s on a First Come First Served basis and there is no tier system.

The participants only have to deposit

a minimum amount of VPK tokens (native token) as registration fees to get

whitelisted and the allocation is guaranteed for whoever comes in first. The

deposits will be in the range of $10 — $30 worth of tokens only.

Deposit VPK tokens >> Get whitelisted >> Buy IDO tokens >> Claim tokens

The overall process is made very easy, hassle-free, and straightforward.

Additionally, we have a deflationary mechanism for VPK tokens, whereby, at certain random intervals, the VPK tokens that were collected as registration fees would be burnt after carefully studying the market condition.

Host: 5: Now would you mind telling us more about your project’s milestones and plans for the near future?

Alex: We have successfully tested our code for the Launchpad and it’s currently under review by Certik. It would be completed in a few days now. As per our roadmap, we would be positively launching our project by mid of Feb and we will try to do some IDOs this month if circumstances are favorable. We have also already talked with some of the launchpads, and we have internally established partnerships with them for our future collaborations.

We have also partnered with Bird guess you might have seen this in our announcement. This is one of the interesting that we have. Bird provides wallet-level analytics through decentralized oracle and provides us the analytics to better understand our supporters and token holders, which we can use to incentivize our loyal supporter’s overtime. Their analytics is going to help us along the way in providing better services to our community.

And of course, we have our arms open, and we will also venture into NFTs, metaverse, games, and other things as well.

Guys’ future awaits for the Vultures.

TWITTER QUESTIONS :

6. To increase the value of tokens, it is necessary to use certain mechanisms, everyone calls them differently: buyback,burning of tokens, and someone even a Black Hole!So,what mechanisms for increasing the value of the token do you use,can you tell us about them?
Question by Ryan32355272

Alex: Yeah, we do have a deflationary mechanism and buyback policy in place.

Let me explain how it works:

The $VPK tokens collected as registration fees during whitelisting will all be collected in a vault. As it progresses, depending on the number of tokens accumulated in the vault over time, 35% of the tokens will be burned at a random interval. This will be done after carefully observing the overall market and properly understanding the demand for $VPK tokens in the market.

The balance tokens of 65% in the vault will be used for ecosystem growth and buying back of tokens.

7. I see Non-crypto users is very important for the future and also for the main stream adoption. How is Vulture Peak planning so we can attract the non-crypto users to Vulture Peak? Kindly name any upcoming partnership if it is coming.
Question by vivek131210

Alex: Like you said in order to break the barrier for mass adoption we need all to come to a consensus and make the technology easy and accessible to all.

That is where we come in as destructive launchpads that provide open access to all. It is on a first-come, first-served basis, it’s a hassle-free, simple, and easy process. You are guaranteed allocations in IDOs after a small deposition fee and with a deflationary mechanism in place.

8. Tell us some roles about Vulture Peak tokens and project within the ecosystem. also Will it act as a simple payment currency on all your useful products or only holders can have some sort of benefits or what?
Question by VinayForBihar

Alex: Vulture Peak’s native token is VPK token like I said ealier.

It will be used as a registration fee to get whitelisted for IDOs on our platform on a First Come First Served basis. We will also have defi tools like staking and farming pools which incentivizes the holders using the Wallet-level Analytic tools provided by Bird. The later stage of the project will introduce DAO governance.

Yeah, Large holders of the VPK token will be incentivized as well as have early access to games and NFTs

LIVE AMA QUESTIONS :

Q1. Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution
Question by keletit

Alex: Total supply of Vulture Peak is 30Million

Here are our tokenomics

Q2. Can you list 1–2 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?
Question by Rafky19

Alex: Well like I said earlier our is first come first serve. No staking or locking of token

and we have deflationary mechanism

Q3. did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Question by Juliamark16

Alex: We have not but we just know what the normal investor wants.

Who wants to search for projects for day and night and once they get the project they have a tier system and the uncertainty of getting an allocation.

Well, that's where Vulture Peak comes in Open access to all and no tier system with guaranteed allocation.

It's open to all which we all need

Q4. Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Question by tecugok

Alex: Yeah we have token burning mechanism

The $VPK tokens collected as registration fees during whitelisting will all be collected in a vault. As it progresses, depending on the number of tokens accumulated in the vault over time, a 35% of the tokens will be burned at a random interval. This will be done after carefully observing the overall market and properly understanding the demand for $VPK tokens in the market.

The balance tokens of 65% in the vault will be used for ecosystem growth and buying back of tokens.

Q5. On your website you don’t mention that you have done any internal or external audit of your smart contract, so can you give us details if you have done any audit before? And in case you haven’t, would you plan to perform any review of your smart contract in the near future?
Question by Wls777

Alex: Our code is currently under review by Certik and it will be done in few days time