AMA Recap: SugarBounce X Desi Crypto Trades — DCT
Host: Raj Raushan (Desi Crypto Trades)
Guest: Sugar Bounce (Navin Ray — CEO of Sugar Bounce)
Sugarbounce founder, Navin Ray joined the community Desi Crypto Trades to revel in the benefits of what the partnership between the two projects entailed. Therefore, we would like share a quick recap of the AMA that took place on 31/10/2021 with our wonderful partner, Desi Crypto Trades.
Raj Raushan| Desi Crypto Trades: Let’s begin with an introduction, Tell us about you and introduce your SugarBounce Team Members (CEO, CMO etc.).
Navin Ray: Sure!
I am Navin Ray. I am the CEO of SugarBounce. I used to work in the adult industry for more than 10 years.
It was about 2017 when I got acquainted with bitcoin, then invested a little bit and then spent a lot of time reading about blockchain and crypto currencies and realized how the adoption of this technology in the industry I was working in would change the way how the adult industry runs. Platforms could not only be profitable but at the same time be fair to the performers and content creators who work in the industry.
@ryanmehta is our CMO. Two of my devs are from my previous organization. I have known them for a while and when I told them that I would be starting this project they decided to join me on this journey. But we have blockchain developers , streaming engineers, designers. Our Head of Talent, Head of Outreach and Head Coach are all current Cam Models.
If you see, this is actually the perfect team with the right set of skills to ensure the success of our project.
Raj Raushan| Desi Crypto Trades: Sounds Really Cool! And Really A Complete Package Team.
Raj Raushan| Desi Crypto Trades: Let’s Brief SugarBounce & Important features of the Project.
Navin Ray: Sure Mate! This is going to be a long answer -
SugarBounce is an ecosystem of 6 different platforms which will bring all kinds of online adult entertainment under one roof. It is a merger of two worlds: adult and crypto. The 6 different platforms in Sugar Ecosystem are -
Sugar streams is an adult cam site with one of the highest payouts to performers. Also you know viewers can choose to be node hosts and earn rewards on the back end while watching their favorite performer stream.
Sugar Pals is a subscription based video blogging platform like OnlyFans but with much better U/I U/X and even payouts to performers.
Sugar Reels is a decentralized version of a content repository like pornhub or Xvideos but we will share Ad revenues with content creators so they have a passive income for the rest of their lives.
Sugar Starter is a crowdfunding platform for newcomers and existing content creators where they can crowd fund their entire journey in the adult film industry and not have to go through middle men like casting agents and talent managers who exploit them.
Sugar Markets is an online NFT marketplace with a unique idea of having utility NFTs where content creators will be exclusively available to NFT holders via streams for a particular amount of time a day for a finite number of days. It will be like a key to a door to your favorite content creators where you get more exclusive personalized access. But anytime anywhere any content is being created on any of our platforms those will also be backed by NFTs which will be owned by content creators and they can trade, buy or sell those in our marketplace.
Sugar Pay is our cost effective and completely anonymous payment processor which will take on the current payment processors and banks who charge a ridiculous high amount of commission on every transaction.
If you see that every platform that we are building fills specific holes or solves specific problems that are currently plaguing the industry.
Raj Raushan| Desi Crypto Trades: Ooohhh so many details! Many ways to earn incentives for the creators & platform users. That’s really amazing.
Navin Ray: Yes anyone who comes to our platform will surely be rewarded.
Raj Raushan| Desi Crypto Trades: Can you explain to us the SugarBounce Tokenomics mechanism?
Navin Ray: Yes! So we looked at a lot of adult projects in this space and found that the biggest complaint that the community always has is that the team is not working fast enough and the D’app is not going live fast enough. Even the tokenomics of other adult projects in this space were very weird tbh with like 100 billion tokens and 1 trillion tokens and something like that.
So what we have come up with is a performance based token where we linked token generation with token adoption. So only and when there would be certain specific milestones that would be achieved on the platform will there be any kind of token generation into the ecosystem, otherwise they would be no tokens that would come into the ecosystem other than that available for private sale and crowd sale.
Navin Ray: Done.
Raj Raushan| Desi Crypto Trades: Really new concept for the Tokenomics. Personally I have gone through the whitepaper & I’m impressed, that’s why asked that Tokenomics Mechanism is essential .Community should know this concept.
Navin Ray: Yes Raj your right. So the total available tokens during crowdsale and private sale are about 6 million tokens but at TGE only 621k tokens would be released. The rest distributed over a 9 -12 month period linearly vested. So at crowd sale valuation we are starting with a very low market cap of 348k.
Raj Raushan| Desi Crypto Trades: Damn low initial marketcap & huge potential. Much appreciated.
Raj Raushan| Desi Crypto Trades: Please shed some light on Backers & Partners of SugarBounce, As Backers & Investors Play a great role to make any project successful. Also, Backers & Investors give the Community More Trust for the Project to go in the long run.
Navin Ray: Sure. Just for your information, we are the only adult project which has proper backing of VCs and advisors.
We are very fortunate to have investors like Exnetwork Capital , SMO Capital , Poolz Ventures , CSP DAO , Stakez Capital , Halvings Capital , Nine 2 Five Ventures , Chateau Crypto VC, Fairum Ventures, 6K starter, Down Under capital amongst others.
Raj Raushan| Desi Crypto Trades: Most of them are well known investors. That’s great to give the community a positive vibes.
Raj Raushan| Desi Crypto Trades: Now Let’s Move to Next Segment, we will have two segments in this AMA.
Raj Raushan| Desi Crypto Trades: For the first segment, we will have an question Session picked up from Twitter Comment.
And for the second segment we will open the chat for our telegram community members to ask questions.
Raj Raushan| Desi Crypto Trades: Shall we start?
Navin Ray: Sure.
Question 1: SugarBounce aims to be an interactive platform where users can interact with their favorite content creators directly and pay for streaming, tips, and private shows. But will this platform resemble popular streaming platforms like YouTube, Instagram or Twitch?
Navin Ray: Well it would resemble a little bit as we have streaming , video blogging all of it under one roof but at the same time it would be a lot different as our platform is a content agnostic platform and does not discriminate between normal and adult content creators.
Question 2: SugarBounce is a site for adults only. Many adult project platforms, such as Cumblast, Naughty Flix, and Nafty Coins, are now available. What distinguishes your platform from those of your competitors? What are some of the benefits of??
Navin Ray: We have competitors in this space and frankly I wish them well as the adoption of blockchain and crypto currency in this whole ecosystem solves a lot of issues that exist in the adult industry but most of them are building one or two things at the most whereas we are building a whole ecosystem which will come together to solve a lot of the really big issues that currently exist in the adult industry.
Even as i explained earlier our tokenomics is also a lot different than the other projects and plus so many people on our team have a lot of years experience in the adult industry.
Raj Raushan| Desi Crypto Trades: Difference- In terms of tokenomics + personal experience of adult industry + Sugarbounce is a whole ecosystem of NSFW entertainment.
Raj Raushan| Desi Crypto Trades: Great.
Question 3: Online adult entertainment industry is an area where user security and privacy are of utmost importance.
With so many options available, users tend to choose the one with better privacy features.
So what all privacy features are implemented in @SugarBounceNSFW ?
Navin Ray: Compared to the traditional platforms we ensure that users and content creators are completely anonymous. Our Sugar Pay payment processor is also a completely anonymous payment processor which would give users the comfort that their payments cannot be tracked. We also have very strict data protection protocols governed by a really efficient compliance team.
Raj Raushan| Desi Crypto Trades: Great.
Question 4: Almost 3/4 of investors are focused purely on the price of token in the short term instead of understanding the real value and health of the project. Could you tell us the motivations and benefits for investors to hold your token in the long term?
Navin Ray: Well we are very fortunate to have investors who believe in me and the project that I am building because we are building a project that would actually make a difference in the lives of Adult content creators.
But our performance based tokenomics basically ensures that it would be beneficial to everyone to hold our token long term.
Question 5: SugarBounce — “your daily dose of sugar” — It’s already extremely empowering as it is but could you please give an overview of what SugarBounce is about? How did you initiate the idea to build a project focusing on adult entertainment?
Navin Ray: Sure.
Navin Ray: The inspiration behind the project were the content creators and performers, a lot of whom I knew and saw what they went through and even today, struggling to find a position in the industry,
How the whole stigma and taboo that is attached to this industry and the things that they go through in their lives needed to change. That’s what motivated me to build this project.
Robinn | Desi Crypto Trades: Really great answers and objectives of the project.
Robinn | Desi Crypto Trades: Let’s move to the next segment of the AMA session.
Robinn | Desi Crypto Trades: DCTians, get ready with your questions…
Robinn | Desi Crypto Trades: Now I am unblocking chat for 30 seconds.
LIVE TELEGRAM QUESTIONS
Robinn | Desi Crypto Trades: So many questions in 30 seconds timer.
Robinn | Desi Crypto Trades: Thanks for an insane support for SugarBounce project.
Robinn | Desi Crypto Trades: Take your time, no hurries & choose 5 best questions to answer so we can declare the winners.
Question 1: What’s your main focus right now, are you focused on the community or market/Exchange or the products?
Navin Ray: We are focused on everything. We have different people for different jobs.
Robinn | Desi Crypto Trades: Versatility makes a perfect team.
Question 2: Since NFT is popular nowadays, is there a plan for NFT integration?
Navin Ray: Yes our Sugar Markets platform is an online NFT marketplace.
Question 3: Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space?
Navin Ray: Yes. SugarBounce would be the perfect platform where we convert fiat users to crypto users and that is why we decided to launch Sugar Streams first as the users there already go on other platforms at purchase and tip tokens and in our case we just replace it our native token $TIP.
Question 4: I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, do you have plans for HACKATHON so as to check the security of your ecosystem periodically and also invite developers to build?
Navin Ray: We will have a bug bounty program for this.
Question 5: COVID 19 has slowed down many economies around the world but as a crypto business, does it affect you negatively or positively? Are you still on track to achieve your goals or are you planning a new development?
Navin Ray: Well, to be honest the two spaces that actually thrived during the pandemic were the Crypto and the online adult entertainment industry.
Raj Raushan | Desi Crypto Trades: Thanks @NRay84 for having you today with us.
Raj Raushan | Desi Crypto Trades: So many things we found out about Sugarbounce. Really cool.
Raj Raushan | Desi Crypto Trades: Hoping for the grand success.
Navin Ray: Thank you so much everyone for having me here.
This pretty much sums up all the nitty-gritty details of the AMA. We are super excited for the launch of our platform in the coming weeks and we hope you’re just as thrilled as we are.
Sugarbounce aims to provide with an consummate ecosystem for all NSFW entertainment needs of the next generation of viewers with the goal to decentralize adult content and lead the field in this emerging adult entertainment market by demonstrating how crypto and the blockchain can safely and effectively work in a highly-profitable NSFW context. The platform is geared towards making the lives of people working in the adult industry better and will bring in an amalgamation of P2P streaming, IPFS, and NFT Tech to bring a never-seen-before experience to viewers.
Telegram — https://t.me/SugarBounceNSFW