SoMee AMA April 2021

April 25, 2021

Well, it was another awesome AMA - we had Chris Kramer, who is our CEO; myself, Phillip as the CTO and AC, the Cat as Marketing guy answering questions from the members. We even had a member come up for a few minutes to discuss his question. Thank you Jatin! We love when our community members ask us questions!

This month was a major update month (in fact, on the 30th, we are updating 9 parts of the application at once!) Such a major update has many talking points, so let's get to them!

Major Talking Points

  1. Mobile Apps: We have released our beta app to the Google Play store, but not to Apple IOS store - Apple rejected the beta app. This is to be expected though, as apple doesn't allow non complete apps to be listed on the production IOS Store. So, we are going to most likely release the IOS app after the end of NEXT month, and let the test flight still work for testers.
  2. Private Messaging: We are introducing personal, private messaging on the platform on the 30th. This update will include the ability to send messages directly to another user (very simply), and it be encrypted end, to end, and secured in the database. If you wish to remove the chat, the data is gone. Simple as that. We are adding the ability to start a Video Session from a text chat, as well as adding the ability for group text chats later on as well.
  3. Video Capabilities: Video capabilities are coming in the May 28th update - which includes all of the main video functions you all have been asking for:
    1. Live Video: Able to do live video streams right from the news feed
    2. Video Conferencing: Able to do live video GROUP chats!
    3. Video Snaps: Able to do small video format videos from the news feed
    4. Video Filters/Audio Filters: Able to have audio/video filters applied to your chats. By default, we have over 48 default video filters, and 15 audio filters out the door. We also have the ability to add custom SOMEE branded things as well!
    5. Upload Videos: And, we'll support the ability to upload videos to play on the platform as well!
  4. Partnership Announcement: We are proud to announce a partnership between SoMee, Genesis Shards, and Card Starter! This new partnership will allow for an IDO for our new SAT token - which can be earned initially after the IDO by staking ONG for the new token. This partnership is also the prelude to our new blockchain updates, as well as our introduction to the Cardano spectrum of sidechains! What an exciting opportunity for SoMee! Such a great partnership! Initially, the offering of SAT will be at $0.005 during the IDO!
    1. IDO proceeds will go to support a SoMee integration onto the Cardano blockchain and a custom CardStarter IDO integration that SoMee will release in the SoMee app and web platform once it's completed.

Questions & Answers

  • Jose P: I take the oportunity yo congrats all the team for the great work they are doing. My question isโ€ฆ How do You see the proyect by the end of the year?
    • I think it's going to be, by the end of the year, to anticipate full marketing scale, end of next mondth (may) we baked in all the social media features, and released the apps and everything else. By May/June we have the blockchain and ad revenue. June/July is advertising. July/August is additional marketing and remarketing, and partner connections. August/September/October/November are partner and sidechain implementations and other project links, and December most of these things will be updated and ready by.
  • Kevin V: Has there been any breakthrough with regards to funding since the last AMA?
    • Yes; there are a lot of things happening on the funding side of the house - we have had major talks here with partners, and our round isn't closed yet. But, yes, we have some great funding requests coming in. This partnership with the AP program we announced raises quite a bit of capital for us as well.
  • Kevin V: Has there been any breakthrough with regards to funding since the last AMA?
    • Yes; there are a lot of things happening on the funding side of the house - we have had major talks here with partners, and our round isn't closed yet. But, yes, we have some great funding requests coming in. This partnership with the AP program we announced raises quite a bit of capital for us as well.
  • Madam AK: Great work team. It's all finally coming together. The AMA is always reassuring and showcases the efforts you guys are putting in and the upcoming exciting updates!
    • Woot, we love our community; thank you AK ๐Ÿ™‚
  • Kevin V: With the open beta coming up May 3rd.. how are we thinking about supporting adoption of Somee.social for the open beta?
    • We have several connections with various celebrities and influencers in the community - Just wait until the marketing kicks off - even on open beta, honestly, we are not going to do anything major for marketing, we are just going to get people using the app showing what it can do. Once everything is baked in with blockchain, then we can do the marketing.
  • Ian W: Staking ong guarantees to you to buy SAT in the IDO?
    • No, it's just that you can buy it like everyone else at 0.005 for the IDO release; once the IDO is over, you can stake IDO to a yeild farm contract to get more SAT
  • AweSoMee Facts: If the SAT token will replace Gbucks. What will happend to our current gbucks holdings?
    • You will receive the SAT in place of your gBucks - in addition folks who chose to double down on their points, will receive a portion of SAT as well in there, and get another token as well that will be able to interact for power up for content and voting power. This way, you have all the pieces in the new ecosystem.
  • Tim U: Why Cardano network? It's not a functional with smart contract yet?
    • Cardano is not fully functional with smart contracts; but they are working with PLUTS right now, and they ahve 5 developemnt teams working on it. They are doing the hard work that it takes to prepare anything. Plus, with the cardano network as a side chain, it's just a great network to have the integration with. Having the IDO over there just makes sense for the metadata features, lower fees, and just faster transactions.
  • Cesar S: What's the progress on the catalyst fund 5 submission so that i can help you guys by using my big voting power? Also,can i ask how much money are you applying for?
    • Initially in fund 5 we lowered it to 75k - initially we asked for the full round because our goal was to lay out all 5 phases of our integration and we estimated it'd be about 300k for that integration. And through discussions with the team, and funders, we went ahead and said let's lower it and work on it per phase. So the fund 5, see here: https://cardano.ideascale.com/a/dtd/Integrate-SoMee-social-onto-Cardano/350634-48088#idea-tab-attachments
  • Inigo L: When IDO details?
    • In the next 1 to 2 weeks
  • Cesar S: Is ONG staying on as Somee official Token?
    • oNG is like our OG token - it's our original token, it'll always be around, and always have it's uses. And, we'll always keep it around and have a special purpose and use for it. While the new SOMEE token may be different, ONG will still exist.
  • SoMee Says: Are there other exchanges that will be added for us to purchase ONG on or what exists at the moment is how will it will remain for the forseeable future?
    • We always have people approaching us having us to list on their exchanges; we haven't really considered anything major, but we may going forward. Plus our bridges to other networks are in development as well.
  • Stuart M: When staking ong do you keep your ong or will it be burned?
    • ONG -> ADA will burn ONG
  • Vitlus V: Is ONG moving to Cardano as well? Will it stay on DEXes if that is the case?
    • If you swap to ADA, it'll burn the ERC token and mint and back and forth.
  • Kevin V: Great news with respect to the IDO with Cardstarter, and the ONG/SAT yieldfarming - Cardstarter launches are getting quite a bit of attention from from the market. What is the timeline for the IDO and Yieldfarmingcontract?
    • It's basically right around the corner. On 4/28 they are announcing it; and the sale will open around 5/3 or 5/4. So it's literally right around the corner for the IDO
  • Vitlus V: What is the total supply from the new SAT token?
    • It's 1 Billion max supply
  • Zachary S: Since we have Ong and SAT, there will be a 3rd/main token tied to gfuel correct? Will that be released after SAT, or around the same time?
    • It is right around the corner and May/June is our BC development month. Once we are ready, you'll get all the details.
  • Madam AK: When will the 'Affects' launch which you just displayed?
    • It's in our design phase at the moment, so probably 3-6 months.
  • Madam AK: When will the 3x and 2x rewards be distributed and when will the blockchain be added?
    • May and June are our BC development months.
  • Jatin C: is there any update on the tokenomics? by when can we expect to have the total supply and initial circulating supply?
    • We will be releasing tokenomic information coming in May/June as we develope the new BC services
  • Tim U: If ppl are gaining SATs for more likes, it creates an inflationary ecosystem, can you speak about the tokens plan with regards to inflationary/deflationary tokenomics?
    • That's a different token; SAT isn't for that. Points are what we award for likes and such.
  • Roj O: There was talk about NFTs a while back, will SoMee be launching it's own NFT marketplace on Cardano?
  • Alexander U: excellent team work, what alternatives have you thought about the limitation of venezuela with Skrill?
    • We are working with partners to allow for restricted countries to still be able to use it as well - we don't have any additional information on this right now, but we are working on it.
  • Tomer S: More of a request than a question. Can you put important information in the SoMee announcements telegram group? Partnerships and basically anything that is cool. It will help me to keep in track of what's going on.
    • We'll try to post it there - usually we announce it on our dev blog ๐Ÿ™‚
  • Tomer S: Can u link to your proposal? I have ADA?
  • Ian W: what's happening may 7? seen it passing by in telegram
    • May 7 was originally the date that the card starter IDO was going to start, however that's being announced 4/28 and 5/3 for the IDO
  • Roj O: Oh yeah, is Somee still intending to integrate charity donations?
    • Yes, indeed we are! We are working on the ability for you to send or transfer crypto to charities in the future!

Other comments from the Q&A:

  • Alastair M: Great AMA guys. See you next time!
  • Inigo L: Adding intelectual property functionalite to NFTs
    could be great

Chat Transcript

SoMee SaysPhillip Daddy!10:48 AM
Roj OHI Phillip ๐Ÿ™‚10:48 AM
AweSoMee FactsPhillip, the person i've missed.
yes we hear
10:48 AM
Tim UI hear you10:48 AM
Madam AKYeap10:48 AM
Nick DHi Phillip10:48 AM
Madam AKHi Phillip bri10:48 AM
AweSoMee Factsawesomee10:49 AM
Tim UGreat, ready to hear whats coming!10:49 AM
Nick DGreat10:49 AM
Roj OSurviving 10:49 AM
Aaronit says yet to begin broadcast so I can't speak.10:49 AM
Cesar SDoing great thanks 10:49 AM
Roj OSo how are you?10:50 AM
Jose PHello โœŒ๏ธโœŒ๏ธโœŒ๏ธ10:50 AM
simon sHello all! And good to hear you Phillip. Hope eveyones well. ๐Ÿ™‚10:51 AM
Madam AKStill wanna know the hangman answer!!!!! ๐Ÿ˜€10:51 AM
Jose PThat hangman it's hard ๐Ÿคฃ10:52 AM
daniel mMade it10:52 AM
Yury MHello Phillip!๐Ÿ˜Š10:52 AM
Anthony KHey10:52 AM
Jatin Chello phillip 10:52 AM
daniel mMissed you know you've been busy10:52 AM
Roj Oyeah those syphers were a blast10:52 AM
simon sYeah, nice butterflys10:53 AM
Roj Ospellin hahah10:53 AM
Jatin Cfantastic... ๐Ÿ™‚ what about you10:53 AM
Cesar SHi Phillip, where where you at the last AMA?  ๐Ÿ™‚10:53 AM
Alastair MHi Everyone!10:53 AM
Anthony KDon't let the fud keep you away from telegram group Phillip, you rock10:54 AM
Cesar S
Ah ok fair enough buddy
10:54 AM
AweSoMee FactsBest part of AMA, Phillip or the big news announcement?  I would say equally much. lol10:54 AM
Anthony KI respect thatโœŒ๐Ÿผ10:54 AM
STUART MHow big is the development team is now? 10:54 AM
Vitlus V40 or 14 didnt quite catch that10:55 AM
Jatin Cthat"s great10:55 AM
STUART M1410:55 AM
Vitlus VGrazias10:55 AM
Cesar SI think Chris will have to pay everyone a beer for being late  lol 10:55 AM
STUART MHave a night cap10:56 AM
Alastair MThe SoMee AMA's are nice and chilled! That's a good thing!10:57 AM
Cesar Si agree and like the idea of doing things differently10:58 AM
Vitlus VAaron was here 30 minutes ago, bit was unable to reach anyone...10:58 AM
Tim Uits social ๐Ÿ˜› 10:58 AM
daniel mAran was looking for you philip now we are looking for aron10:58 AM
AweSoMee FactsPhilip, are you the one handling the dev blog? 10:58 AM
STUART MYou can use the app 10:58 AM
Tim UI use brave ๐Ÿ™‚ 10:59 AM
SoMee SaysCan we order Phillip Daddy a Starbucks?11:00 AM
Crypto XSYoo11:00 AM
Tim Ulol no 11:00 AM
Roj OHay kids, don't forget we have a Discord group, I'm all alone over there ๐Ÿ˜‰11:00 AM
STUART MHow many people are in the discord group11:00 AM
Eramus PDiscord link?11:01 AM
Tim Uya ill join discord too
if we can find the link
11:01 AM
Philliphttps://devs.somee.social11:02 AM
Tim Uawesome thx11:02 AM
simon sgroovy!11:02 AM
Cesar SAaron you will be paying us a beer man, you're late lol ๐Ÿ™‚11:02 AM
Roj OHere's the discord invite link https://discord.gg/aTEXekkc11:03 AM
Eramus PThank you Roj!11:03 AM
Alvaro AHellloooooo! Amazing project. Any way we can participate to win somee tokens!??11:03 AM
Glenn BBelgian beer ftw11:03 AM
Alvaro AAwesome11:04 AM
Mark PCan we get video of you guys ?11:05 AM
Ian Whear just fine11:05 AM
AweSoMee Factsyup11:05 AM
Madam AKYesss11:05 AM
Anthony KYep11:05 AM
Alastair Myes both11:05 AM
Cesar Syes11:05 AM
daniel mYes11:05 AM
Roj Oloud and clear11:05 AM
Eramus PSound is good11:05 AM
Jatin Cyeah11:05 AM
S TYeah11:05 AM
simon syes11:05 AM
Diego Myup!11:05 AM
Jose PYe11:05 AM
Eramus PMaypril!!!!11:06 AM
Bejo DWorks now. Had to close and open again11:06 AM
Alastair MLondon - very sunny11:06 AM
ahmad bwe demand to see AC's face11:11 AM
Ian Wuse a catfilter xD11:11 AM
Zachary SCamshy lulz11:11 AM
Lucian BScreenshots on android look dope! Looking forward to see it on IOs11:12 AM
Tim Unice feature ๐Ÿ”ฅ 11:16 AM
Bejo DTHAT IS DOOOOPE๐Ÿคฉ๐Ÿคฉ๐Ÿคฉ๐Ÿคฉ11:17 AM
Lucian BHuge UI improvement compared to the previous iteration11:17 AM
Inigo LTelegram has integrated voice chats, are you talking about that?11:20 AM
Jose PNicee11:20 AM
Udo KDo we get our existing G-Bucks from the old platform transfered into SAT?11:25 AM
Inigo LWhen IDO details?11:27 AM
Lucian BSo the new somee app will be on cardano?11:29 AM
Bejo DSo will there be an option to swap somee points to ong and sat or another token?11:35 AM
Tim UHaving your own in house
wallet or using metamask intigration?
cool! Thx
11:37 AM
Jose PLool ๐Ÿคฃ11:40 AM
Cesar SPhillip you look good man lol ๐Ÿ™‚11:40 AM
SoMee SDaddy Phillip you looked fine, Please come back!11:40 AM
Anna E.What usage will "old" ONG token have?11:42 AM
Jatin Cis there any update on the tokenomics? by when can we expect to have the total supply and initial circulating supply?11:47 AM
Tomer SHi, I missed the AMA. Just came. Could anyone sum up the announcements?ย 
Great!
11:50 AM
Chrishttps://cardano.ideascale.com/a/dtd/Integrate-SoMee-social-onto-Cardano/350634-48088#idea-tab-attachments11:59 AM
STUART MYou need to log in to see it 12:00 PM
Tomer SWe need to log in12:00 PM
Cesar SThanks  Chris,  12:00 PM
Phillipyes, but it's free to register ๐Ÿ™‚12:00 PM
Tomer SThx
Can I enter the beta right now? Is it Open?
12:00 PM
Phillipit'lll be open beta on 5/312:02 PM
Cesar Slook can i DM you on twitter about this in case you dont get funded, possibly i'll be able to help?12:02 PM
Phillipsend us an email to business@somee.social12:03 PM
Cesar SCheers Phillip12:04 PM
Bejo DMaybe also interesting to know for everyone, especially non crypto people, to what will be earnings be pegged to when upvoting? Especially when there is ong, sat and other tokens. How to explain that to the mass?
Because then are probably again concerns about, where is it coming from?! Lol
12:12 PM
Inigo LAdding intelectual property functionalite to NFTs
 could be great
12:23 PM
Anna E.From what yor are saying I somehow understand that ONG will disapear... Why should we hodl it if advantages will be very limited?12:28 PM
ChrisONG is here to stayย  ๐Ÿ˜‰ย  Not going anywhere12:30 PM
Roj OMagic!12:31 PM
simon sThanks guys, 12:31 PM
Jose PCya 12:31 PM
Udo KThank you for your hard work!12:31 PM
NOTEAll Chats are saved per session to ensure no missed questions or information is pased - and to ensure transparancy - Names are stripped of PII and handles are left in place. Bolded messages are from team membersDuration: 1 hour 42 minutes

Video Recording

You can see the video recording here, on our officialย SoMee YouTubeย channel:

Slide Deck

You can download our official slide deck below:

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