Plugchain x TaskOn AMA
Segment 1 Introduction
Guest Name: Edward Wesley
Title: Marketing Manager
Project Social Media links:
🗣Official Website: https://plugchain.io/
🚀Telegram Channel: https://t.me/plugchain
🐦Twitter: https://twitter.com/Plugchainclub
❓Medium: https://officialplugchain.medium.com/
Docs and whitepaper: https://plugchain.io/files/PlugChain%20White%20Paper.pdf
For links:
Introduction
Q1: Could you briefly introduce yourself and Plugchain as well?
Hello everyone, I’m Edward Wesley, marketing manager at PlugChain. The members of the team like to call me PCMAN, so I hope you can remember this interesting name, PCMAN.
PlugChain is a Web3-based public chain with high concurrency, scalability, and security as its core advantages. It is committed to high-performance information and data exchange scenarios by constructing an aggregated cross-chain oracle protocol.
I am delighted to participate in this AMA and I would like to thank TaskOn for the invitation. I am looking forward to answering questions related to PlugChain from our community.
PlugChain Social Media links:
Official Website: https://plugchain.io/
Telegram Channel: https://t.me/plugchain
Twitter: https://twitter.com/Plugchainclub
Medium: https://officialplugchain.medium.com/
Docs and whitepaper: https://plugchain.io/files/PlugChain%20White%20Paper.pdf
Q2: Could you introduce the core product and business of PlugChain?
PlugChain focuses on decentralized oracles and cross-chain solutions. As a Web3-based public chain with high concurrency, scalability, and security as its core advantages, PlugChain is committed to provide intelligent applications for high-performance information and data exchange by constructing an aggregated cross-chain oracle protocol and embedding an on-chain AI system.
To make it simple, PlugChain has three key features: A public chain built on Cosmos; A focus on the subfield of cross-chain oracles; A Web3 public chain with on-chain AI integration.
Q3:As mentioned above, PlugChain utilizes decentralized oracles, but could you briefly explain how it integrates with cross-chain technology?
In simple terms, PlugChain combines cross-chain technology and oracles to create the industry’s first aggregated cross-chain oracle protocol. This not only enhances the liquidity of Web3 protocols, but also helps to curb competition and tribalism between various blockchain communities, and incentivizes productive collaboration. At the same time, PlugChain’s cross-chain oracle monitors the activities of various blockchains and reports the situation to other blockchains or cross-chain bridges. This allows native cryptographic assets of one blockchain to be traded on other blockchains through cross-chain bridges. In addition, PlugChain oracles can also prevent double spending or other manipulative activities.
Q4: Although AI is not a new concept, how to perfectly integrate AI into data governance is a worthy topic of discussion for public chains. I would like to ask, what role does on-chain AI play in PlugChain and what are its functions?
As an important part of the PlugChain’s oracle network, the on-chain AI system can automate the execution of smart contracts, predict and analyze data and market trends using AI algorithms and data analysis techniques. These predictions and analysis can be transformed into real-time market data and used to support various applications and services in the PlugChain ecosystem. For example, AI technology can be used to build automated trading strategies and trading robots, providing users with efficient trading and investment support. At the same time, the efficient and intelligent interaction of on-chain data makes it possible to combine AI and oracles for the Metaverse!
In addition, PlugChain uncovers the potential value of data through AI technology. For instance, linking the relationships of different Web3 application scenarios, extracting the deeper knowledge hidden behind information, refining the sample features contained in the data and depicting the logic of distribution of on-chain data in high-dimensional space and analyzing it. The on-chain AI system of PlugChain marks the source, location, exchange method and “ecological scenario” status of each “piece” of data. As a result, upper-level algorithms or applications can not only quickly find the required data but also know how to use it and whether it is available at any time. Therefore, in the data asset map on PlugChain, every piece of data is “alive and valuable.”
Q5：
From an investor’s perspective: I am a cryptocurrency investor and I only care about the prospects of the cryptocurrency I choose. Tell me why I should choose your token instead of existing ones? What are the advantages of your token?
The price of a token reflects the future growth of the community. If the expected user base grows stronger, the price will become higher. Moreover, when the platform’s technology is expected to improve, attracting more users and developers to join the community, the expectation of token price appreciation will encourage them to join the community and hold the token.
Our token’s biggest advantage is actually our public chain itself. Strictly speaking, the price of the token is the market’s evaluation of the public chain. Many public chain tokens did not have high prices in the early days, including mainstream public chain tokens such as ETH, ATOM, DOT, and SOL. But why can their prices soar? Nothing more than the outbreak in two areas: technology and ecology, especially on the ecological level.
Similarly, returning to our token, it is still in the early stage of public chain development, and PC has great potential for price increases. Second, our public chain has its own core advantages. Both cross-chain technology and oracle network are in a leading position in the industry, and the core advantages of serving 100 public chains and decentralized oracles have laid the foundation for our new public chain.
Segment 2 Selected Twitter Questions/Prepared Questions
PCMAN:We’ve selected 5 great statements from Twitter and I’m very excited by your questions. Let’s see which questions they are.
Q1:
Short term success results in long term success. What are your short term objectives? What are you focusing on for the next 12 months?
Also, what’s plugchain revenue generation model and how have you planned to overtake competitors?
https://twitter.com/gcryptohub/status/1651092547303878659
A1:
Our short-term goal is to discover high-potential projects or technical teams through our official hackathon, inviting them to participate in the development of the PlugChain ecosystem. At the same time, we will be conducting a global roadshow to help more users worldwide become familiar with us and participate in the construction of Plug DAO.
Over the next 12 months, our focus will remain on technical research and development, with a focus on advancing the PlugChain oracle network protocol. This is because only with mature technological products can we incubate higher quality projects!
Q2:I saw the official announcement about the plans for the hackathon, can you reveal more about the hackathon please?
https://twitter.com/KakiHwang/status/1651476754031349762
A2:
Regarding the hackathon, we expect it to be held in Q2, and we will join hands with some capital, institutions and media to co-host it, and the prize money is generous, aiming to promote PlugChain’s ecological development. It is certainly a developer’s carnival.
Q3:What can you tell me about PlugChain’s plans for the near future?
https://twitter.com/unidelabs/status/1651475660316250117
A3：
We have some great news to announce! First, we’re excited to announce that we’ll be hosting a hackathon in Q2-Q3 and will also be improving our PlugDAO and community ambassador recruitment afterward. Additionally, we may prepare an official NFT airdrop to reward early contributors to PlugChain. We’re also planning an offline event in Thailand in mid-May, and details will be announced soon. Finally, we’re planning to build the foundational components of the PlugChain oracle in Q1-Q3 2023, continuing our organized efforts to achieve our goals. Thank you for your support, and we look forward to working with you to accomplish our shared objectives.
Q4: You were on the MEXC exchange at the beginning of April, so are there any future plans to be on the exchange?
https://twitter.com/wJvCZmxgwrmYttV/status/1651489727495929857
A4:
We are honored to announce that PlugChain has successfully been listed on the high-quality public chain, MEXC. This is an important milestone for us as we continue to progress towards success. As part of our future development plans, we will be collaborating with various well-known wallets to bring PlugChain into their ecosystems, making our system easier, more convenient, and faster to deploy, providing users with a more streamlined experience. Additionally, we are actively exploring plans to be listed on some top-tier exchanges, to help more people understand and join our ecosystem. We thank our users and supporters for their ongoing support and trust, and we will continue to work hard to provide users with a better Web3 experience. We believe that PlugChain will bring more surprises in the future and will not disappoint you.
Q5: How many total supply $PC?
https://twitter.com/MdImran99041239/status/1651254957344182272
A5：
Simply put, there is no constant supply of PCs, as PlugChain is a consensus mechanism for POS, and the current total supply is 5.3 billion +, with 4.65+billion pledges across the network, a value that will change more according to inflation.
Segment 3 Live Q&A (Will be handpicked by the speaker during the Live Session)
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