Recap of Astral Candela AMA session held at Crypto Mansion

Date: 16/04/21

Time: 4 PM UTC

Venue: https://t.me/cryptomansion

Crypto Mansion recently hosted an AMA session with Astral Candela .The Astral Candela team was represented by Samuel Ayangbola(CEO & Co-Founder). He shared a lot about the project in Details and many information about Astral Candela.

Introduction Session

Que-1) 1- Can you give us a brief introduction about Astral Candela? What is your project based on and what role do you play in it?

Certainly, my name is Samuel, I am the CEO & Co-Founder of Astral Candela Ecosystem. My expertise is in organizational management and leadership.

I am also a programmer with 10 years of programming experience using python, JavaScript and solidity, my passion for blockchain technology and the need to increase cryptocurrency adoption gave rise to the project named Astral Candela. I’m so glad that I will be answering some question about our project.

Astral Candela is a decentralized ecosystem curated for netizens (internet users), visual artist, creator and blockchain enthusiasts.

Astral Candela aims to create a limited edition NFTs, digital art and craft marketplace (similar to Opensea and Treasure. Market) for visual artists, creators, and enthusiast who would like to exchange their creativity for value.

Astral Candela’s smart contract operates as a BEP20 token on the Binance Smart Chain.

As the CEO of Astral Candela Ecosystem, I’m responsible for the overall success of the community and for making top-level managerial decisions.

Host- I see you have a lot of experience

How has this helped you develop your DeFi project?

The knowledge of programming made it easier for me to align with the trend in the crypto sphere in the area of creating decentralised applications that interacts with various wallet.

It’s been fun. I really enjoy every bit of it.

Que 2)- Astral Candela is made up of creators and digital artists who exchange creativity for value. What are the requirements to be a verified artist of Astral Candela? What benefits does this status provide to creators and artists within your project?

The requirement is simple, you must be a member of the Astral Candela community and to achieve this you have to be a token holder with basic
knowledge of how to interact with the decentralized application.

Creators and artists will be able to create a mini marketplace for their digital items, mint NFTs and earn revenue on the minted digital items.

Host-I’m struck by your market. What model have you created for your NFTs?

The business model is similar to the one leveraged by the popular Opensea and Treasure.Market. It will be 100% decentralized.

Que 3)-On your website something caught my attention, and that is that there is a “voting power” section. Could you tell us more about this? What do the users of your project need in order to have power in Astral Candela’s decision making?

Good question, the Candela token provides a mechanism for governance and voting on ecosystem upgrades.

Tokens are the fuel that powers decentralized networks. And that is what makes them much more powerful for business models, holding a minimum of 1 CANDELA token qualifies you to participate in the decision-making process.

Que 4)- What are the main use cases of your native token? What kind of benefits does it offer for trading and governance of Astral Candela?

The Candela token have incredible use cases which include;

• In the Astral Candela NFT Marketplace, NFTs will be traded for the Candela token and vice versa. In other words, the Candela token will be the primary currency or medium of exchange.

• You can stake and earn more Candela token with your staked Candela tokens

• You can also participate in the overall operation of the ecosystem.

• The more Candela token you hold, the more voting power you get.

Host-I am struck by the trade-off between NFT and the Candela token. What is the exchange relationship? How is the value assigned to the NFT?

The value of the NFT is determined by the seller or creator of such NFT, in other word, the price is determined by the creators.

It is a permissionless ecosystem. You choose the price.

Que 5)- Could you share with our community what are your goals for this year? Do you have a clear roadmap that specifies the updates you will work on in the future?

Certainly, Our goals for this year are to launch a limited edition NFT marketplace for the Astral Candela community, get our native token listed on major decentralized and centralized exchanges (IEO inclusive), cross-chain implementation, integration of NTF farming or minting into the Astral Candela NFT Marketplace and giving to charities.

Twitter Session

Question #1 is from @DiosangelesS

According to your roadmap, by the second quarter of 2021 one of Astral Candela’s goals is to donate to charities, which is wonderful. What prompted you to make these donations? What types of organizations specifically do you hope to help with this initiative?

This is intended to curb hunger and poverty globally, we believe that hunger and poverty is a problem that has proven solutions, and giving plays a crucial role in combating hunger and extreme poverty. Therefore; effective interventions can break the cycle of hunger and poverty for the world’s neediest people.

The organizations in focus include;

• The orphanage

• Registered and verified NGOs for skill acquisition, humanitarian response and feeding (Inner-city missions)

• Educational Sectors (For the less privileged)

Question #2 is from @AngelTheCrazy_

NFT are nowadays one of the most interesting topics in the crypto world. What will be the main features of Astral Candela NFT Marketplace? What differences will it have in flexibility, security and speed with respect to other NFT marketplaces that currently exist in the industry?

Contract creation, NFT minting and listing of NFTs for sale will be the main features of Astral Candela Marketplace.

What makes Astral Candela Marketplace unique is the fact that the marketplace is decentralized and users will be able to create and manage their own storefront.

The process of creating a storefront will be very intuitive and flexible for crypto newbies or users with zero knowledge of token minting.

The gas fee that is required for contract creation on the marketplace will be extremely low and affordable unlike on the Ethereum network where expensive gas fee is required to sign a transaction.

The process of minting NFTs will be very simple just like putting up an item for sale on eBay.

The NFT marketplace will be hosted in the cloud, we will use military-grade encryption, a secure socket layer and security endpoint tools to protect the marketplace from malware, DDoS attacks and hackers. Your digital items are SAFU.

Question #3 is from @karla22herrera

According to an article in your medium, 50% of the funds raised from the public sale will be used to provide liquidity, so how is the remaining 50% distributed? Can you share with us your tokenomics?

We made some adjustment to the tokenomics recently, kindly note that 60% of the funds raised from the presale will be used to provide liquidity on Pancakeswap and Dodo exchange and the remaining 40% will be used to fund the creation of the Astral Candela NFT marketplace.

Telegram Session

Que 1) The features of ASTRAL CANDELA include NFT FARMING which is something new can you please explain it in detail how it is done and how it will be beneficial for adopters?

NFT farming is very simple, the Astral Candela user interface will be very intuitive, newbies and member with zero knowledge will be able to use the marketplace with ease. There will also be a documentation to educate newcomers.

Que 2) What kind of preparations and developments should we expect for $Astral Candela to become one of the more prominent coins and projects of this market in the future?

The NFT marketplace is a ground-breaking idea that will contribute positively to the token price and the ecosystem as a whole.

Que 3) What does your project do on the next roadmap?

We are currently in the first half, phase one of the project and currently running a presale on Bounce Finance.

Liquidity will be provided on Pancakeswap and Dodo DEX immediately after the presale.

Que 4) How will you attract investors and build the trust and win the hearts of millions of people in your project?

Our marketing campaigns will foster the community growth. We are currently air dropping potential investors to increase adoption.

To build trust and win the heart of million of people, liquidity will be locked for the period of 2 years on Pancakeswap, in other to prove how committed we are to this project and the fact that it will stand the test of time. We have so much to offer the community. We believe that trust is priceless and it must be earned. We are here to stay. Cryptocurrency and blockchain technology is for everyone irrespective of race, educational background and so on. Our ecosystem is designed to meet the needs of newcomers. Our marketing campaigns will be used to create awareness.

Follow Astral Candela on all social media channels for upcoming Updates:

Twitter:
https://twitter.com/AstralCandela

Website
https://astralcandela.io

Telegram
https://t.me/astralcandela

We look forward to having potentials investors onboard. Astral Candela is a vision, we need more hands to get it to the summit.

Astral Candela is a decentralized ecosystem curated for netizen, visual artist, illustrators, innovators and investors. (BSC Mainnet)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store