AMA RECAP : CRYPTO SQUAD X x GAMESTAR EXCHANGE

Venue : @Crypto_SquadX_Community

Date : 20th May 2021

Time : 3 AM UTC

Guest : KAMIL BORUSZKOWSKI

Welcome Mates For Another Session of Our AMA Series Here At Crypto SquadX
We Welcome @GameStarKamil To Our Large Network of Crypto Enthusiasts at CSX

Thank you for having us! We’re very excited to be here :)

SEGMENT 1 — INTRODUCTION SEGMENT

Q1. Will you please introduce yourself to our group and have a brief overview of GamesStars?

Of course! I’m Kamil, CSO here at GameStar.
GameStar is a decentralized P2P platform allowing users to exchange their cryptocurrency for gift cards, game items and/or NFTs. In layman’s terms, you can do the following:
crypto → gift cards
gift cards → crypto
crypto → game items
game items → crypto
crypto → NFTs
NFTs → crypto

Q2. GameStars has no access to or control of the assets or private keys of its users. How do you intend to manage and control Customer Issues? What have you done to resolve disputes in the P2P system?

Good question. We have developed our proprietary Taurus Fair Arbitration Protocol which eliminates the need for a central authority judging on cases and also allows users/nodes to gain GMS for every correct decision. You can read more about the Taurus Fair Arbitration Protocol here: https://link.medium.com/0br0n4yOpgb

What’s the total supply and what kind of plans do you have regarding the token unlocks in the future?

Tokenomics are as follows

Q.4 The Communication Between the Two Parties Is The Most Important Factor In The P2P Trading System. How can you prevent the conversation from being tampered with or leaked? What security protocols have you implemented?

GameStar utilizes an open chat protocol, based on 256-bit symmetric AES encryption, RSA 2048 encryption and the Diffie-Hellman secure key exchange protocol that results in end-to-end encryption of chat messages. At the same time, GameStar signs all chat messages with a private key and timestamps which go on-chain to ensure that the information is not tampered with.

Q.5 Gamestars is Currently working on the polkadot protocol. When do you intend to make it available on other networks? Which networks are your priority?

We are currently and, for the foreseeable future, looking to be on Polkadot solely.

The reason for this is because we want to make sure we get it right. We want users to feel comfortable and confident that we have taken every necessary precaution and have invested the time into making a safe, profitable, reliable and honest platform.

This is not to say we might not develop on other protocols in the future, however, this is the way it stands at the moment.

SEGMENT 2 — TWITTER SEGMENT

Q1 : Token burn is important for investors, do you have any plan to burn or buy back?

Token burning is a key feature of GMS. Tokens will be burned when fraudulent activity is detected (if a user attempts to or does scam another user).

This way, legitimate, honest earners/holders/traders will have their GMS value increase with every case of fraudulent activity on our platform.

Q2 : Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.?

Sure. Joshua is our CEO. He is formerly director at Paxful, managing global accounts and major partnerships i.e. Binance, Bithumb, Okex, Huobi, etc; Head of US, Canada and UK growth; oversight of China, Vietnam and Indonesia market. I’m Kamil, CSO. I have extensive experience with digital gaming assets such as in-game items, currency and other digital media in combination with P2P game/software trading platforms such as G2A and Kinguin.We also have other members of our team who are highly skilled in programming, specifically blockchain programming, as well as marketing globally.

Q3 : How do you plan to spread awareness about your project in different countries wherein English Language is not spoken well? Do you have local communities for the them to let them better understand about your project?

We are investing heavily into emerging markets and understand the need for our users to be able to use the platform in their native language.As such, we will be releasing and updating the website with many languages, including, but not limited to, English, Chinese (simplified) and Russian.Plans are in the works to include many many languages for all of our GameStar family members around the world to be able to be a part of the DeFi revolution!

Q4 : community is an important asset to any project. How are you going to educate us that the project you are offering is long term? and do you have the funds and a strong team to be able to develop this project in the future?

Community is key. Given the decentralized and objective P2P approach GameStar is taking, the community will be taking the lead in a multitude of areas. Community volunteers as well as KOLs play a strategic part in uniting the global GameStar family. Furthermore, the decentralized appeals process is a vital aspect to both the internal as well as external reputation and GameStar brand reputation.To continue, GameStar has many plans in the pipes when pertaining to NFTs, gaming and game items in general.We are excited to collaborate with artists (both game as well as not), publishers and developers to further enhance our presence in the community.We also plan on focusing heavily on gaming-related venues/tournaments/teams in the near future, however, this is all I can comment on the subject as of now. Join our community to stay tuned for more info!

Q5 : What is the most ambitious goal of your project? I would appreciate it if you could share with us any Upcoming Updates?

The most ambitious goal of this project is not just one goal, but many.Full decentralization with the best, latest and greatest security features.Developing and merging NFT artists into and from the gaming community for in-game items and currency.And building a global GameStar family!

SEGMENT 3 — LIVE Q & A

Q1 FROM @kudhoos

As a community member to what extent I can participate in the token governance? Do you really consider our suggestions?

Yes, we do. Once again, we want to emphasize the importance of community in for the success of GameStar.

Q2 FROM unknown

Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?

Yes, we are aware of this issue. This is why we are dedicated a very long amount of time for DEX development.

Q3 FROM @n_iVEd

Why did you built on polka is there any specific reason???

Hey there. Yes! Decreased fees, transaction times, and not as much traffic to include a few reasons.

Q4 FROM unknown

BSC is really in trending now because it has low gas fee and high transaction speed. Have you any plan to move on BSC?

Our tokenomics are heavily focussed on community with more than 50% of the tokens dedicated entirely to the GameStar ecosystem

— AMA CONCLUDED —

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https://www.gamestar.exchange/

https://t.me/GamestarExchange

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