CryptoThrust X POLKALLY AMA

Guest: Chloé Bigot (CEO Polkally)

About Chloé Bigot
She is the CEO of Polkally which is essentially a Substrate-based auction platform powered by Polkadot and IPFS.
She is in charge of the coordination of the teams and the design of the application.
I have a background in fine arts, since I studied those for +5 years now.

Portfolio: https://www.artstation.com/chloebt

Segment 1- Project Introduction

Q1) What is Polkally project about? What is the story behind which led you to start this project?
olkally is an auction platform based on Substrate, the idea is to make something more scalable, interoperable and decentralized than our competitors, in a few words: do better
The existing protocols are only half decentralized and are very expensive to use
I’ve always wanted to get into crypto and when I had the opportunity to do so, me and my team decided to choose my favorite sector: art

Q2) What are the features of polkally? What differentiate your project with the project established in the same field.
Being able to exchange an NFT from one platform to another is probably our biggest advantage.Today not a single NFT platform offers to create an NFT on Ethereum to send it to NEO and vice versa. But the example is valid for every other blockchain network

Q3) What is the use case of $POLK?
PLK will have three main use cases (if we do not include staking/yield farming since those protocols are incentives)
1. To get a governance right within the Polkally DAO
2. Buy NFTs listed on the platform
3. Exchange your PLK tokens for ads, in order to give more exposure to your artworks

Q4) What are biggest milestones you have accomplished till now. What difficulties your team have faced while moving toward your main Goal?
We’re currently closing our Private Sale, we fundrased about $240k USD. Trying to fundraised up to $350k before reaching IDOs platforms.

Q5) What can be expected from Polkally in the upcoming months.
During the next few weeks, our private & public sales should be over, our staking/yield farming should go live & we’ll start building the platform from scratch

Segment 2- Questions from Twitter

Q1) What is your target market? Who are potential customers or clients that you are focusing on? What is your marketing strategy or plan to attract more users globally, especially in communities where English isn’t spoken?
Our two biggest targets are amateur artists, art galleries & collectors. Having a commission-free platform is exciting, especially when you know that every single auction house on Earth is taking a cut up to 30% on every transaction.

We plan to create partnerships with all artists and art galleries wishing to sell their artworks without spending huge amounts of money on fees

We are also in touch with a few PR firms / influencers as well, but we’re waiting our private sale to end before pushing marketing.

Q2) How #polkally support art and artists through this platform can you please explain briefly?
Offering the possibility to sell artworks without any fees is already a gift in my opinion.

Q3) The erc20 network currently has very high fees to make transactions, which they call the network of the rich, so do polkally have plans to migrate to another Blockchain network with less fees?
Polkally would not be confined to a single blockchain network but to a multitude of blockchain networks, starting with Ethereum, Binance Smart Chain and Polkadot.
So people will be able to choose the blockchain they want to use.

Q4) $ POLK has a Maximum Supply of 100 Million Tokens which in my opinion is very high .. Do you think this will not have a negative impact on the token price? Please describe your scenario in relation to this.
100M PLK tokens is quite a low supply, especially when you know that team’s tokens will be locked and that nearly 45% of the supply is dedicated to the ecosystem expenses.

Q5) Now Polkally is a P2P marketplace for creating and selling NFTs on the Polkadot Network. So in the coming years, do you plan to develop Polkally for compatibility with other platforms like ETH, BEP2 or TRON?
Polkally would not be confined to a single blockchain network but to a multitude of blockchain networks, starting with Ethereum, Binance Smart Chain and Polkadot
So people will be able to choose the blockchain they want to use.

Segment 3- Live Telegram Session

Q1) I want to have a LONG TERM INVESTMENT with this PROJECT, but I’m in doubts right now, how can you convince and assure me this project is SAFE and PROFITABLE?
We do not make such statements, we will do our best to make the platform a success but we can’t promise any ROI

Q2) Is this project a Global project ?
Can local communities partake in it ?
Of course it is! People holding $PLK will be able to participate to community decisions, thanks to the upcoming Polkally DAO

Q3)
1. Token price
2. Products
3. Partnership

From the 3 aspects which one is your main priority and why?
2. Product → if the product is good enough, our token would obviously be valuable and partnerships will flock to our project

Q4) There are 4 core issues prevalent in crypto and blockchain:
Security, Interoperability, Scalability and Credibility. so what’s your plan to overcome these issues?
For scalability and interoperability, Polkadot will do most of the work so we don’t have to worry about that.

Regarding the security, all our smart contracts will be audited by external teams
For credibility, we have several renowned investors who will soon be known by the general public :)

Q5) What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?
Our protocol will be as easy to use as possible, we want people to meet a seamless experience when they will use Polkally
The goal remains mass adoption, so it is a necessity

Q6) What is your top 3 things for priorities in 2021? Could you share some plans for the upcoming year? Are planning for listed giant exchanges?
Our three priorities for 2021 are:
1) Closing our private/public sale
2) Launching our DAO
3) Publishing the v1 of our protocol

Q7) Are large and small investors being treated fairly in your platform? What are the benefits of #POLK tokens over the correct functioning of the network? Why is it necessary? How does it align incentives between producers and consumers?
All artists/investors, big or small, will be treated in the same way
The only way to promote NFTs will be to spend PLK tokens in exchange for ads

More Information about Polkally:
Website: https://www.polkally.com/
LitePaper: https://bit.ly/30VdRO2
Twitter: https://twitter.com/polkallynews
Telegram: https://t.me/polkallynews