On the 14th of July 2021, we had the opportunity to join a Unido Channel for an AMA. With an overwhelming amount of questions, we just knew we had to create a transcript of it.
INTRODUCTION TO THE AMA
V: Hello everyone, Glad to have you all here.
Today we have with us our very supporting and exceptional members from Team POP!
V: Here we begin, We have Team POP with us. Welcome to our channel as our Community is more than happy to know more about POP, our partnership, MLPs, and much more. Can you please introduce yourselves to us?
Karl (BMD): Sure, thank you for having us!
So POP! went live back in March/April with our Genesis Staking pools where we did a fair launch to allow the public to farm 1% of our tokens just by staking :) We did no fundraise whatsoever, so we thought this would be a fun and fair way of getting out an early distribution!
Our team at POP! consists of 3 core team members, with varying degrees of responsibilities and skill-sets, who are strongly supported by the Faculty Group. In fact, POP! was a fun idea that the Faculty partners have been discussing for a long time now, so it’s fantastic to see their vision turning into a reality!
All team members have previously worked together on crypto projects, predominantly within Faculty Group’s ecosystem, which has contributed to a really strong in-house dynamic. Overall, Faculty Group has been the driving force behind this project, and given the consistent motivation within our group, it’s been a great experience thus far!
V: That’s good to know and it’s marvelous to see without a fundraise, you have managed to become so successful when it comes to farming and staking.
So I have seen POP! is a platform that enables projects to highlight their partnerships & allows their communities to participate in single-sided farming. Can you help us with more details on this?
Karl (BMD): Exactly. So, for those who are unaware, POP! provides partnering teams with a platform where they can objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). Fundamentally speaking, an MLP is a Liquidity Pool, however, the difference is that in order to create an MLP, 2 partnering teams need to only provide 1 side of the liquidity pool each as opposed to having to provide both sides.
The fun and the interesting part started when the MLP gets listed on our POP! Platform, where it will go live on the MLP Marketplace. Once here, users will be able to provide either token of the MLP as single-sided liquidity onto the marketplace, until a user from the opposing side matches your offer, at which point your combined liquidity will enter the liquidity pool — making you Partnered Farmers! In other words, users will now be able to participate in Liquidity Mining (a major part of DeFi) by only providing 1 side of the LP!
For example, say Project A and Project B have a partnership, and they would like to demonstrate their sincerity and commitment behind their partnership. To do so they choose to create an MLP (A x B) and get it listed on POP!’s platform. Once live, users holding either token A or B can now participate in this liquidity pool, by providing either token A or B as single-sided liquidity, instead of having to provide both sides! In addition, the rewards are not just your standard LP fees — there is much more to it :)
V: Excellent.
Yeah, we ourselves have been a part of an MLP on POP for quite some time and our community has always been curious about how it works. This makes it easy.
Moreover, MLP’s are the main bone structure around POP!, our community would like to know more about how projects can come on board and get an MLP. Can you shed some light on this?
Karl (BMD): Sure!
Most of the POP! token distribution happens through MLPs, so they are indeed a bone structure to our platform. As for how projects can get listed on POP!, the simplest way would be to reach out to one of our admins (myself included) in our Telegram chat, and we’ll happily assist you guys with the onboarding procedure. It’s a simple process and we will always be there with you guys to make sure it goes as smoothly as possible :)
V: Nice. That’s pretty simple and straightforward. Looking forward to seeing more projects joining your MLPs as you grow your ecosystem.
I was going through your announcements and other channels and I saw you’ve released a very detailed and clear roadmap update, can you give us insight on what’s currently being developed?
Karl (BMD): Absolutely :)
So — on the roadmap release we heavily focused on explaining POP!’s future vision, how we plan to solve the challenges we’ve discovered and foresee, and an in-depth perspective about token utility through a new concept — Candy farms.
When it comes to platform development we are currently working hard on two separate things, that we believe will have the most impact for POP!; one being the L2/scaling/multichain solution in order to increase platform usability and the second being on the new Candy Farms — a model for POP! staking that will drive attractive and sustainable demand for our token.
We are also working on all other aspects mentioned in the roadmap update, but we feel these 2 aspects will really make massive changes for the platform!
V: Multichain solutions are for sure the future and they open a massive area for scalability.
But what has caught my (and I am pretty sure our community members’) attention more are ‘CANDY FARMS’. Can you share more information about them?
Karl (BMD): Sure! Essentially the Candy Farms will bring about a new and exciting token utility mechanism to POP!. Users will have the ability to stake their POP! tokens in our Candy Farms in order to earn sweet rewards in the form of 3rd party tokens. We are making sure to design this in such a way that everybody can benefit significantly from it, instead of having it only benefit whales with a large amount of POP! tokens.
This is one of our major updates to POP! and as we near the release of it, we will be sharing more information and guides to it :) so stay tuned!
Oh and, I’ll take the time to remind people that POP! has an in-built “deflationary” mechanism through our buy-back + lock method. As mentioned, for all fees across the platform, 80% of that fee is used to buy back POP! and ETH and added into the LP. This in essence “burns” those tokens from circ supply, but also adds the advantage of increasing the liquidity :)
V: Interesting. Very well-structured way to control the supply of POP. Glad to see both of our projects are aligned with this.
As I mentioned above while I was going through your channels, I also saw an article mentioning “POP! going green”. I was pretty sure there was more to it than just green candles.
Can you help our community learn the details and what it means?
Karl (BMD): Let’s hope we start seeing some green candles across the market :D
So, at POP! we are all about preserving our home (earth) for the future generations! It’s a topic that has grown substantially over the past decades and has recently made significant waves in the crypto industry, with the likes of Elon Musk outlining the issues Bitcoin has. Essentially, we believe that one of the best ways to tackle this issue (in terms of crypto) is by analyzing each step involved around your project, and determining how to be as eco-friendly as possible. This can come in many forms — altering consensus mechanisms, integrating methods that mitigate carbon emissions, and overall energy reduction. Interestingly, it’s a topic that is still nascent in this industry, and one that has huge growth potential. Therefore, we decided to work together with a leading industry player to make sure we are on the right path of achieving our goals :) As mentioned in the article, there is more to it regarding the player we are working with, so we’re excited to share more on this when the time comes!
V: Wow!
That’s very benevolent of your team. The way climate change is impacting the entire planet with rising temperatures is hazardous. Very happy to see you have started thinking about the future generations from the initial stages of your project, something all crypto companies should learn from.
Coming back to the first point about your L2, we have already seen Fees are such a big issue with decentralized platforms currently, are you guys working anything around this on your L2 solutions? We would like to know more about your L2 as a whole.
Karl (BMD): Sure, so as we mentioned in our recent Roadmap update, we are currently tackling this issue quite heavily. Our devs have been working hard on making the overall platform as gas efficient as possible, as well as working with Devs from other networks (L2 and L1), to get POP! integrated on various chains. We can’t share in detail yet who those networks are (although they are hot topics in the market right now ;) ), however, we believe this will bring about a significant improvement to the overall usability to the platform as well as increase growth potential dramatically.
Naturally, given POP! is much more intricate than it seems “under the hood”, we spend a great deal of time testing and updating our code to make sure that things work as intended. We want to give you guys the smoothest user experience possible, where you can hop between chains and participate seamlessly in various MLPs and Candy Farms!
V: I can see your community, and now ours is keen and excited to know which networks you will be including and connecting with.
I would like to know more about your vision since we discussed the roadmap. What is it and do you feel if it has changed in any way since the start?
Karl (BMD): The vision of POP! is to provide projects with a platform where they could give their partnership an extra meaning while providing their communities with a way of directly engaging and benefit from it. Since the start of the project, our core vision hasn’t changed, but as we’ve had time to reflect on our work and chat with our community, we were able to collect valuable feedback and adapt our platform to further enhance our vision.
It’s a journey that takes time, and since the beginning, we’ve made it adamant that this is a project we’ve designed for the sake of the community. We believe in a digital future and one where Blockchain technology makes an incredible impact on our society. Therefore, we wanted to create something that would improve the relationship between projects and their communities, and make the overall market more exciting and engaging!
In the long run, we see POP! becoming a “Golden Standard” approach for Partnership announcements — where all participants mutually benefit through increased PR impact, community engagement, financial incentivization, and most importantly — improved relationship between teams and their believers!
V: Brilliant. The best part I take from your project is how it is helping DeFi projects and blockchain networks to be so collaborative with each other and connect the communities directly with them. Decentralization and Collaboration are the future.
Before we start taking questions from our Unido community, Can you tell our users where they can find the UDO/ BMI MLP and if any other details you would like to share with us about our MLP with BMI.
Karl (BMD): Couldn’t agree more with what you said!
Sure, so you can find the UDO/BMI MLP live on our platform here — new.pop.town. It’s currently going strong with an APY of 207%! So definitely go check it out and pop some cool farming orders! :D
Lastly just want to say we are currently creating an Ambassador program that we plan to ship out in the near future. So If anybody would like to get involved in a meaningful way that can be rewarding, keep your eyes peeled for more info on this!
About POP!
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favourite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived in the digital asset ecosystem.
