18/12/2021 MTO AMA
Victor Mendez discussed the three key points of the AMA which included: the MVP unveil date and format, the MVP expectations and Liquidity Pool.
- MVP Unveil Date: 27th December 2021
After the developers’ presentation of the MVP to the core team, we have set the unveiling date to 27th of December 2021, nine days from now.
This period will be used to digest the huge amount of information collected, give feedback to the developers for changes/improvements and to prepare on how to share this information so that it can be understood by everyone.
Unveiling Format:
On the 27th of December 2021, TBD, we will have a livestream with John Cavebring, the CEO of HIPS and Axel Arvidsson, COO of HIPS and Myself (Victor Mendez) on the Official YouTube Channel. We will present the Minimum Viable Product, the code and the diagram workflow to give you an idea on how it works. We believe that certain information can only be understood by a more “tech” set of investors, so we won’t be too detailed. We will however ensure that the overall idea is understood by everyone, and after the presentation, we will share the source code on GitHub so that it can be checked.
Furthermore, we will also be doing more videos in the future and explain in detail for you.
2. MVP Expectations
We know we have people who are knowledgable in this industry, but also have people who work in completely different fields and don’t know on what to expect, so I will simplify this.
The MVP is very basic and is designed to show functionalities and not to look great or fancy, and after the presentation, you will understand why focusing on functionalities is the most important part of this project.
To use an analogy, imagine that we’re trying to build a car, “the FIRST car in the world”. We have an idea on how the car will look like because we have experience in the field, but we’re starting from scratch. We have the concept, but have to develop the engine, the brakes, the steering, the shock absorber systems and so much more, before we can build the panels, the interior and then paint the car.
The MVP is coming up with the idea of the car, getting an engineer to design and then building it and testing if it works.
Only by driving this newly built idea (car) will you be able to know if there’s too much torque, or if the brakes work properly, or if you need to regulate the shock absorber system differently.
I also want to point out a massive difference with this analogy, since we’re working on software and not a physical thing. The interface even if basic can be changed in the future to suit the code “The Backbone” of the technology without the need to change the code, and usually, this part requires less time to be actualized.
3. Liquidity Pool:
As promised, we have already added the extra liquidity on Uniswap. We now have 2,775,000 MTO tokens in the Liquidity Pool. This is 3% of the total supply of 92.5M MTOs and 5.2% of the current circulating supply of MTOs.
Adding extra liquidity will NOT change the current price of the token as we cannot control the price but will simply reduce the price impact on the transactions and allow for bigger trades. It will also allow for arbitrage between platforms, so we hope that this will encourage investors to trade, thus increasing the volume.
Disclaimer: “This resume was done independently by community members.”
