Hello, We had an AMA with Eminer on Nov 25, 2021. For those of you who are late to follow or watch, you can read the following AMA recap.
Guest
Eminer Team
Moderator
Ahmad Rifai
Online participant
1942
Live Question
396
Segments:
- Introduction
- Twitter Questions
- Live Questions
Introduction
Cryptofun:
1. For the friends in the group, many people do not know much about the Eminer project. Could you please introduce the Eminer project and the background of its establishment?
Shanks:
Before, we defined the Eminer project as an innovative global blockchain hash rate financial service platform, but with the development of the entire industry, we now prefer to define the Eminer project as a global mining service platform .
As for why it is defined this way, I will explain it later.
In fact, the Eminer project was born in April 2019, and the business we did on this platform can be traced back to 2018. In the entire blockchain industry, it is really not easy for a project to persist for more than 3 years, and we have persisted until now.
At first, we wanted to build a platform for hosting and selling mining machines, and then attach some financial services that can be provided to miners. This is the prototype of Eminer.
Because we know that the mining environment at that time was already very professional, it was difficult for ordinary users to participate in mining. The purpose of creating this platform was to allow ordinary users to participate in mining, and to make mining easier, nothing more.
Cryptofun:
2. Why is the project named Eminer?
Shanks:
The name Eminer can actually be understood as Easy miner, which means easy to be a miner.
The abbreviation is EM, which is also the abbreviation of our project token.
Just like our original intention to create the Eminer project, the purpose is actually to allow more people to easily participate in the mining business, so we took the name Eminer.
Cryptofun:
3. At present, in order to achieve the goal of carbon peaking and carbon neutrality, many countries have regulated or restricted the energy-intensive industry of POW mining. What is the impact on you under this background? How do you plan to respond?
Shanks:
In fact, the goal of carbon peak, or carbon neutrality, was not just proposed this year.
In the early years, various countries had a consensus on this goal. This is also for the future of human beings to be able to live on the earth better.
Therefore, we have also responded to the call and stopped all POW, high-energy-consuming mining businesses, and switched to more efficient and environmentally friendly POS, Stake, and liquid mining businesses.
But even for the hottest DEFI mining last year, there are also many new users who don’t know how to participate, and even some technical barriers have made many people miss the wave of DEFI.
Hackers are a huge threat to platforms with smart contract vulnerabilities. Many users who do not understand the technology cannot distinguish the security of the platform at all.
Therefore, Eminer hopes to help these new users through our efforts, just like helping them enter the POW mining business, so that they can easily and safely join POS, Stake or liquid mining.
This is why, now we are more willing to define the Eminer project as a global mining service platform. From beginning to end, our original intention to create the Eminer project has not changed. We hope that more people can easily participate in the mining business through us.
Cryptofun:
4. What are the main developments of the Eminer project?
Shanks:
Since the Eminer project upgraded the mainnet last year, we have assisted major exchanges in the simultaneous upgrade. At the same time, our technical team has been researching and developing how to optimize the related functions and performance of the main network.
And just a few days ago, Eminer’s cross-chain function and staking function have also been successfully launched, which indicates that our users can not only participate in the ecological construction of other networks through Eminer’s cross-chain function, but also can use the staking function to improve income.
Cryptofun:
5. Why choose the cross-chain BSC network?
Shanks:
We always believe that the future public chain will not be the only one, and the contention of a hundred schools of thought is the prerequisite for the healthy development of the industry.
At present, all major public chains are building their own ecosystems, and at the same time they are connected to each other. Each public chain has broken down the technical barriers and completed the scene of multi-chain interoperability. Therefore, Eminer is no exception.
We must face up to the fact that Eminer's current ecology is not very developed, and the infrastructure is still relatively weak.
And the main reason why the first cross-chain network chose BSC is that we are optimistic about the potential of BSC and the strength of its ecology.
We believe that through the combination with BSC, in addition to enjoying the convenience brought to us by the BSC ecology, we can also develop and grow our own ecology. This will definitely be a win-win choice.
Cryptofun:
6. At present, the cross-chain BEP20 format EM has been listed on pancakeswap. Can you tell us the purpose of this?
Shanks:
The main purpose of EM's listing on pancake is to provide a basic liquidity for cross-chain EM tokens, and also to make preparations in advance for future cooperation with BSC ecological projects.
However, this behavior also made some fans in the community worry that it would impose additional burdens on the project, when in fact it would not.
From the perspective of liquidity, Huobi, Bithumb, Indodax and other exchanges have better liquidity. At this stage, we will still focus on these centralized exchanges.
Cryptofun:
7. On which exchange will Eminer be listed next? Will it be listed on Binance?
Shanks:
Regarding the issue of listing on the exchange, fans of the community have been paying attention. First of all, I hope everyone understands that listing on Binance Exchange is not as easy as imagined.
If one day, EM can be successfully listed on Binance, I believe that the price of EM will skyrocket for a while, so in terms of currency prices, EM’s listing on Binance will definitely be a good thing.
The reason why we are not listed on other exchanges is mainly because the current exchanges have provided sufficient liquidity, and listing too many exchanges will definitely affect our energy, so we compare in this regard cautious.
Cryptofun:
8. The hottest field last year was DEFI, and the hottest field this year was NFT. Is there any plan for the Eminer project in this regard?
Shanks:
Regarding NFT, we actually have some plans and ideas, and we are also very optimistic about the future development of this field.
Anyone who has seen the Eminer project LOGO may be curious about why we use the image of a frog as our LOGO. They think that the style of our LOGO is quite different from the LOGO of other projects.
The LOGO of most projects is actually quite serious, and our LOGO looks very interesting, and this image is very suitable for making NFT, and even some NFT derivative works.
Our original intention when designing Eminer's LOGO was that we wanted it to be special. So stay tuned, maybe one day in the future, Eminer's NFT works will be born.
Cryptofun:
9. Currently, the Eminer token is marked with an investment warning by the Bithumb exchange. However, if the problem is solved well, it will once again be a huge opportunity. Can you tell us how the project plans to deal with this crisis?
Shanks:
To be honest, this situation is not the first time. We solved it very well last time. And this time, I also believe that the final result will also be good
In fact, the main reason for this result is that we did not disclose the progress of the project in time, which caused Bithumb's misunderstanding. There is indeed a negligence in our work, and we are also working hard to correct this error.
In order to resolve this crisis, we contacted Bithumb Exchange as soon as we learned of the situation, and maintained high-frequency communication with them at all times to let Bithumb understand the current progress of our Eminer project. At the same time, we are also strengthening our community building and marketing promotion to increase the exposure of our project. We hope that more people will know about our project.
But we feel that the occurrence of this incident does not mean that this is a bad thing, because it just reflects Bithumb's responsible attitude towards users, and it also makes us put forward higher requirements for future work. We believe that this crisis will be resolved soon.
Cryptofun:
10. What actions and plans will the Eminer project have in the future?
Shanks:
Completing the cross-chain of BSC is only the first step in our next plan. After completing the cross-chain, we will find corresponding partners on BSC to help us complete the ecological integration, such as providing corresponding liquidity on DEX, and cooperating with insurance projects to ensure the safety of user assets, even as we mentioned earlier Eminer’s NFT works may also be published on the BSC network.
At the same time, we are also beginning to develop the function of stake, allowing our users to participate in mining through stake, and we do not even rule out that we will develop and design a POS mining product for other currencies in the future. These are all possible.
When these functions are implemented, we also hope that more fans can witness the growth of the Eminer project with us. Because of you, we have the reason and the courage to continue.
SEGMENT 2: QUESTION FROM TWITTER
Cryptofun:
Q1. From : Rofi779
What's your opinion about DeFi? What do you think is holding the DeFi space back? What is preventing from the mass adoption of DeFi products?
Shanks:
I am still very optimistic about the future development of DEFI. Although the current hot spot has changed from last year's DEFI to this year's NFT, the overall development and application of the DFEI field is advancing by leaps and bounds.
In fact, there are many factors that hinder the development and large-scale adoption of DEFI, such as efficiency issues, security issues, etc., but I think the main reason is that the threshold of DEFI is relatively high.
In fact, everyone in the industry understands that to use DEFI products, you must at least know the basic operations such as operating decentralized wallets and interacting with smart contracts.
This is still very complicated for people outside the industry, and the cost of education is very high. So the threshold of DEFI needs to be lowered to allow more people to come in.
Cryptofun:
Q2. From : Hafid8000
Does eminer have a plan to promote, raise awareness, and understanding in the community so that more people get to know eminer?
Shanks:
There must be a plan. Some time ago we organized some community promotion activities, including holding AMA activities in communities in South Korea, the United Kingdom and other countries, just to let everyone know and understand the Eminer project.
So today we are also very grateful to the organizer for giving us a rare opportunity and inviting us to introduce the Eminer project.
Cryptofun:
Q3. From : Mudil13
What is the most unique thing Eminer brings to the blockchain community? How is it better than other platforms?
Shanks:
As I mentioned above, DEFI and even NFT have relatively high barriers to participation for people who have never been in the blockchain field.
What Eminer has to do is to allow these people to easily participate and provide them with help and services. I think this is the meaning of the Eminer project.
Cryptofun:
Q4. From : Malik_8888888
How easily can crypto beginners understand eminer? How safe and friendly is the eminer Ecosystem for beginners? And how does eminer support the community, especially Southeast Asia?
Shanks:
Simply understand, Eminer is actually a mining service platform. Previously it was doing POW mining services such as BTC and ETH. Now due to environmental and policy impacts, Eminer has begun to transform to more environmentally friendly and more efficient POS, Stake and liquid mining.
So what we have to do is to allow these users who are new to the blockchain field to easily participate in mining. There are many Southeast Asian fans in our community, which has caused many fans in other countries to think that our community is Southeast Asia. We will continue to do some activities in Southeast Asia to strengthen our influence.
Cryptofun:
Q5. From : IDO_hunter
How do you see the future of eminer ecology of the community economy? Is this a eminer model full of opportunities or what?
Shanks:
The Eminer project builds its own ecology and services around the field of mining. No matter how the blockchain technology develops in the future, I believe that mining will exist.
It is as if the initial mining was a POW method of Bitcoin, and then POS mining appeared. Until the hottest liquid mining last year and the current PTE mining, the mining method may be upgraded and iterated, but mining This behavior will always exist, and this is Eminer's opportunity. Therefore, we only need to do a good job in mining.
SEGMENT 3: LIVE Q&A
Fumiko Tanaka:
Where can I currently buy Token?
Shanks:
Huobi Bithumb Indodax
ꜰᴀᴛᴜʀ ᴘᴀᴛᴜᴇ:
What is the role of token in the ecosystem? Where can people currently buy it?what would be its used??
Shanks:
EM is the blood of the Eminer project, just like Ethereum, without EM you cannot enjoy services on the Eminer network. If you hold EM, you can enjoy cross-chain and STAKE functions.
Sienna Stirling:
STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have plan about to Staking?
Shanks:
The STAKE function of the current beta version has been launched, and the official version is expected to be launched next year.
Boru Moshiki:
Can you explain about How the crosschain system on EMINER,?
Shanks:
At present, you can experience the cross-chain BSC service through our official website. In the future, we may also be compatible with more networks, so stay tuned.
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