WeFund AMA Recap

Terra_Daily hosts WeFund: #funding #WeFund #TerraDaily #BSC

Terra_Daily Admin: Hello and welcome, how are you today?

Austin: Hello, I am good.

Terra_Daily Admin: Happy to hear! Ready to start our AMA?

Austin: Yes.

Q1: Can you tell us a simple description about WeFund & story behind?

Austin: WeFund is a cross-chain crowdfunding platform to create a space for backers and creators to raise the necessary resources for the realization of the project via the means of backers. At the moment only using Terra and operating as a crowdfunding platform, however, it will expand to include multiple chains and provide a full incubation service to increase the chance of success of the projects on our platform.

The founder’s vision was to create a community that everyone could participate in.

There was a hackathon that the founders participated as Fan$quad, however, there was a decision made to rebrand the name to include more industries to reach a larger audience and community.

Q2: Can you tell us a bit about the team and their experience with crypto projects?

Austin: Ika (Co-Founder & CMO) helped raise $10 million dollars for Gamesta, a crypto & NFT trading platform startup, as the CMO and is now focused 100% on WeFund.

Andreas (Co-Founder, CEO, & Co-CTO), similar to Ika, played a big role in the initial development of Gamesta’s $10 million raise. He is highly skilled & versatile in back-end development.

Jason (Co-CTO) is a 90s dot com boom veteran and has been losing money in Crypto since 2017 from his day trading (just joking). He works closely with Andreas & our development team to bring our project to life.

Austin (CCO). This is officially my first crypto project, however, I have been closely following various crypto projects. One of my favorites is Stellar Development Foundation’s Stellar Lumen. I have been completing their quest series which teaches how to use Stellar’s ecosystem, APIs, & SDK. My background is with a silicon-valley VC fund and following trends of startup technology companies got me interested in actively participating in this space.

One more thing to add. Our development team has a strong background in Rust and Solidity.

Q3: Can you walk us through the uniqueness of WeFund?

Austin: We are building WeFund to be full 360-degree service for project support and guidance after funding has been completed. It will be crowdfunding & incubation.

We will be able to Implement various industries and projects Crypto & Real-World projects – a bridge between blockchain & real-world projects.

Although our platform will launch in December, we have a few projects in the pipeline:

– lynxvr – Charity project of a simulation game (play2earn) based on Virtual Reality which helped user to stimulus the perception based on Cognitive Behavioral Therapy (CBT) to help mental illness victim.

– baksoMania -NFT based education game for the Indonesian market

– Organic GreenHouse – A real-world project to create software to improve and track the growing progress of what is growing in the greenhouse

– baksoMania -NFT based education game for the Indonesian market

– Organic GreenHouse – A real-world project to create software to improve and track the growing progress of what is growing in the greenhouse

Among others we are in early discussion with.

In our roadmap we plan to make this a cross-chain platform and provide inhouse funding for projects from the revenue we generate.

Q4: What are the benefits for project proposers & backer side?

Austin:

Proposers:

Can reach a big community and generate awareness for their projects.

Full service from the WeFund team and our experts to help with the fundraising and scale the project

Backers:

Money returned if fundraising goals not me.

Yield from Anchor protocol

Can easily find new and exciting projects

No minimum or maximum amounts for very early-stage projects

Everyone is able to be an investor

Q5: Please tell us about the $WFD token! What are the token use cases, distribution, and how to buy/get it?

Austin: If you use $WFD on the platform there is a 0% transaction fee. If the project proposer uses$ WFD to fund the project there will be prioritized placement on the platform. Those projects will get more exposure.

& Staking rewards: Increased value from its deflationary token system, Can be used as an ad payment on our platform if project proposers want more exposure.

Q6: How do you approach your marketing to increase WeFund users in the future?

Austin: Our approach is to build and maintain community relationships through social media and strategic partnerships such as Kommunitas.

Kommunitas, like WeFund, is a multichain platform ensuring resources can come from multiple ecosystems.

Kommunitas will complement the offering of WeFund by providing access to easier IDO and incubation for projects that have completed a funding round, looking to take the next step towards launching their project while using the resources they have more effectively.

https://medium.com/@wefundofficial/wefund-announces-partnership-with-kommunitas-66ca61b38245

Here is more information regarding that partnership.

The community will be both the crypto & real-world community.

Q7: What can you share about the roadmap for WeFund?

Austin: At the moment we are raising a Seed round for initial development and to ensure the talent we have will deliver a strong platform & operation.

3% of our revenue for Seed investors will be equally distributed by the amount each investor invested.

In December (next month) we will have our platform launch and start our pre-sale. Our pre-sale is 10% of our token allocation.

Then we will have an offering in May.

We will be working to implement various projects from various industries in parallel.

Q8: Where can we find out more about WeFund on social media?

Austin:

WeFund official

(Announcement group) :- https://t.me/wefundofficial

WeFund Official Chat

(Discussion group) :- https://t.me/talkwithwefund

email: [email protected]

medium: https://medium.com/@wefundofficial

web: https://wefund.app/

how to invest: https://www.pdffiller.com/en/link_to_fill/864925851.htm

Terra_Daily Admin: With this, we are now at the end of our AMA session with WeFund.

Time for wrapping up, any last words you would like to say to our community?

Austin: The WeFund team and I really appreciate this opportunity to share our project and communicate directly in the Terra Daily community. Please feel free to communicate with us on our Telegram official & discussion channels.

Terra_Daily Admin: Thank you so much for spending time with our community & all the very best for WeFund.

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