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AMA review - April 29 2022

Last updated on May 20, 2022 11:57
Posted By Fenomy

We have a lot of unanswered questions since the AMA at XT. So we will devote as much time as possible to questions and answers. But I'll start with the news. We've got quite a lot of it by the way.

1) We keep updating the system. We completed all the work on the mobile application and now we are waiting for the Google Play to approve version 1.05. We made quite a lot of corrections, improvements and innovations, but they are still far from all that we have prepared.

The main thing is that this version contains functionality to include mobile devices in Fenomy blockchain. We decided that anyone, not just the chosen ones as we previously planned, will have a special option in the settings, and will be able to set the load from 1% to 5% of the device’s charge and connect to the network. Depending on the selected load of the device, certain work will be carried out, for which a certain amount of FNM will be accrualed daily at midnight UTC. As soon as the version check is over and the application becomes available, we will release the news, as well as send out system messages.

2) We made another update of the web application. It is a preliminary update in which we updated the main structure of the website and included the helpdesk and the ticket systems. The next update will be carried out on May 1. Then authorization via Metamask will become available, as well as binding bep20 wallets to your fenomy id. Also the two-way FNM - token FENOMY exchanger will start working. In the near future we will publish a detailed review.

3) On May 1, we will open the exchanger, unfreeze transactions in the system and will pay out FNM to everyone who fulfilled the conditions of the ambassador program. Everyone will get good bonuses. Soon we will be ready to publish the rules of withdrawing FNM into tokens for different periods and deposit plans.

4) We also continue to work on the incident control center, groups and tasks. It is necessary for our partner projects’ development. All work is going on alongside. We are also systematically working on the new design of the entire system.


Now let's move on to the questions.


Community member: How the reputation is working? Does the reputation depend on the amount of coins a member has? Is it possible to create a new account with standard reputation and transfer all the coins to it?

Fenomy team: The reputation very little depends on the amount of coins. But it depends on a lot of parameters – now they are 44, soon 7 will be added.

 

Community member:“Passive income” option will be similar to staking?

Fenomy team: No. Passive income is daily accruals for participating in the Blockchain operation. You just have to set the option “Use Blockchain” in the application and not turn off the geolocation.

 

Community member: What inspired you to create Fenomy application? Why not just only the token?

Fenomy team: The idea to build an ecosystem came first. The token is part of the ecosystem. And the app will be very useful for people.

 

Community member: Are you planning listing on big exchanges? If yes, where? Will there be a launchpad?

Fenomy team: No launchpad. We will be listing on XT.com on May 4. Listing on other exchanges is now considered.

 

Community member: Once you said the app is your priority. Will you stop developing the token in the future?

Fenomy team: The token is part of the ecosystem so developing the system means developing the token as well. The token has its own functional purpose in the system. And to be clear the priority is the ecosystem as a whole, the application as well as the token is just part of it. There will be many other apps.

 

Community member: How is FENOMY token connected to the app? Will it be possible to buy chargeable services in the app for FENOMY token?

Fenomy team: As we said before, the token itself is attached to the ecosystem. It will be directly connected with the Reputation server and some other features in the future. The application and all its tools are free so you won’t have to buy anything.

 

Community member: Do you plan to somehow contribute to an increase in the number of token holders?

Fenomy team: Our contribution is developing the system. As it develops and the demand increases, the number of token holders will also increase. Besides, participants and users of centralized exchanges will also be holders within these exchanges.

 

Community member: Why do you have two separate coins FNM and FENOMY? When are you going to combine them?

Fenomy team: Only FNM is a coin. It is for our internal transactions and it “lives” on our own Blockchain. FENOMY is a BSC token made for trading. We don’t make new coins. The amount of FNM is fixed and won’t increase.

 

Community member: Have you been in contact with those who want to build their projects using your Blockchain?

Fenomy team: Definitely, we are now working with our partners. For example, People’s Dispatcher is not our project. It is being developed for a big community. We are also negotiating with our partners to implement new ideas.

 

Community member: Could you please share some details about Metamask?

Fenomy team: Of course. You will be able to connect your Metamask to the website in order for you to do the swap. You will also be able to use your Metamask to log in the system.

 

Community member: When will you launch the IOS version?

Fenomy team: Later, because now we’re working on updates for Android. As soon as we finish all the work on the app.

 

Community member: What are the benefits for long term investors of the project?

Fenomy team: We are originally a long-term project. It has huge potential. Look through the Roadmap and you’ll understand the way the project is moving forward. That’s what makes an investor appreciate the project.

 

Community member: What are your top 3 priorities for 2022?

Fenomy team: All the details you can find in the Roadmap. But we can stand out Incident control center, which our partners need; work with groups and tasks; Blockchain development and launch of public Blockchain.

 

Community member: Can we bye token before listing on XT.com?

Fenomy team: Certainly, you can swap it on Pancake.

 

Community member: How secure is the platform?

Fenomy team: We have audits and the token is classified on BSCscan.

 

Community member: Can the concept of “circles of trust” be used by many companies?

Fenomy team: Very true. Companies using the platform will be able form their “circles of trust” and make transactions. And all transactions will be carried out inside the system using FNM.

 

I guess this is it. Thanks everyone for your questions. See you every Friday for our AMAs on our official Telegram channel

Thank you for your support!

We are always happy to help you!

Fenomy Team


https://fenomy.com


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Fenomy Team reserves the right, at its discretion, to change, modify, or remove portions of the announcements at any time by posting the amended version on the website.

** The time is base on UTC timezone