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AMA RECAP: ALITAS x ONESHOT VENTURES

AMA RECAP: ALITAS x ONESHOT VENTURES

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On 22nd November, ONESHOT Ventures has a Telegram AMA with ALITAS.

At the AMA: Alitas Team, introduced and shared many interesting information about Alitas.

Great, the AMA will be happening as follows:

Part 1 : Introduction

Part 2 : 5 Question 5 Question from Twitter

Part 3: 5 Questions In Free Asking

Hello everyone, we’re now getting ready to have our AMA with Alitas today. The chat will be muted during the AMA and you’ll be able to talk again once it’s finished.Hello everyone, we’re now getting ready to have our AMA with Alitas today. The chat will be muted during the AMA and you’ll be able to talk again once it’s finished.

ONESHOT: Hello everyone, we’re now getting ready to have our AMA with Alitas today. The chat will be muted during the AMA and you’ll be able to talk again once it’s finished.

ALITAS: Glad to be here !

ONESHOT: @AlitasTeam from team Alitas.Tech will go through some questions about their project and help us to have a better insight.

Please type “done” at the end of your answers in case that I jump in too early.

ALITAS: Sure !

ONESHOT: To start the AMA, we’ll turn to segment 1: Introduction

It has been 6 months since the launch of Alitas, would you like to give us a simple introduction of its marketing performance?

ALITAS: Recently ALT showed its great marketing performance. Since its launch of 0.9 USD, while the price of ALT now is 30 USD. The 30X shows the marketing recognition of Alitas. And Alitas will focus more on our technical innovations. 30X is just the beginning, we are certain that we’ll have a greater future.

ONESHOT: I like this chart

Would you like to let us know What Alitas is?

ALITAS: Alitas is the underlying infrastructure of a new generation of value networks, dedicated to building a new generation of underlying trusted network protocols, and providing efficient, convenient, secure, and stable development and deployment environments to customers worldwide. Alitas has been endeavored to conduct technological innovation, and has put forward the Tolerance Algorithm, Star Drop Effect, and breaks the traditional chain structure and designs a new consensus mechanism.

Please check some news of Alitas:
https://blockchainmedia.id/alitas-melantai-di-indodax-harga-alt-menguat/

ONESHOT: What technical characteristics make Alitas special?

ALITAS: Tolerance Algorithm. The tolerance algorithm is used to replace consensus to solve data consistency. Through the original ALITAS structure, the included nodes can obtain legal transaction references, realizing complete decentralization.

Star Drop effect. Randomness like the star drop, introduces nodes to obtain the legitimacy of the transaction. Realize high security of transaction privacy.

Alitas structure. Alitas break the traditional chain structure and design a new consensus mechanism on ALITAS. While achieving complete decentralization and absolute security, it breaks through performance bottlenecks, and TPS can reach 30,000+ per second.

ONESHOT: What’s the advantage of Alitas?

ALITAS: Alitas has been endeavored to conduct technological innovation, and has put forward the Tolerance Algorithm, Star Drop Effect, and breaks the traditional chain structure and designs a new consensus mechanism. While achieving complete decentralization and completeness, under its Alitas architecture, the TPS can reach 30,000+ per second. Break the performance bottleneck of the consensus mechanism. The technically pioneered “Tolerance Algorithm” and “Star Drop effect”. The “Tolerance Algorithm” instead of consensus completely solves the data consistency, and the “Star Drop effect” greatly improves the random attribute of the node’s legal reference, and realizes the high security of transaction privacy.

ONESHOT: Any plans for listing on exchanges?

ALITAS: Currently ALT token is listed on indodax.com, cointiger, bibox and xt.com, which strongly demonstrated its potential and strength in technology innovation. And currently we are under negotiation with some reputable exchanges. I think we’ll have good news very soon.

ONESHOT: How do we follow the news of Alitas?

ALITAS: Please follow our Twitter at https://twitter.com/AlitasTech. Currently we are hosting an giveaway on Twitter. And don’t forget to join our Telegram for some daily prizes.

ONESHOT: What benefits do Alitas will bring to us?

ALITAS: Committed to open ecology, open application, and open cooperation with other ecosystems, the underlying Alitas infrastructure can be fully integrated with big data, cloud computing, artificial intelligence, 5G, and other technologies, and can seamlessly connect with other blockchain networks to realize a shared and open community. The major breakthroughs of Alitas aim to bring a more efficient, convenient, safe, and stable development and deployment environment to users around the globe.

ONESHOT: What is the next market for Alitas?

ALITAS: Southeast Asia is becoming Alitas’ new focus, the market expansion and in-depth cooperation will undoubtfully provide users in southeast Asia with more chances to enjoy the benefits.

ONESHOT: What is the vision of Alitas in the future does Alitas have any special plans to attract more users in the future?

ALITAS: ALITAS, higher transaction throughput (through parallel verification) can be achieved, and no transaction fees are charged. With the continuous development of Tangle, more and more participants will initiate transactions, the entire system will become more and more secure and fast, the confirmation time will be shortened, and transactions will be completed faster and faster.

In the ALITAS system, every participant in the network can trade and actively participate in consensus. To be more specific, you directly locate two transactions (main transaction and branch transaction), and indirectly locate other transactions in the child tangle. In this way, verification can be performed synchronously, and the network can remain completely decentralized, without the need for miners to pass on trust and to pay transaction fees.

ONESHOT: Do you have any good news to share with us?

ALITAS: Currently Alitas is working on product and technical upgrades to deeply participate in the metaverse and NFT field. At the same time, we do work on getting ALT listed on world class reputable exchanges too. Stay tuned.

ONESHOT: With this answer, Part 1 of the AMA has been closed. I believe that everyone has had an overview of your team and ALITAS

To go into more detail, we’ll come to Part 2: Answer the questions from twitter (5 questions)

First, I would like to say thank to the members of OneShot Community for sending so many questions about ALITAS to our Twitter.

All questions are very good but we can only choose 5 of them to answer because of time limit.

ONESHOT: The first question is from @hgiaphatt :

Where can I buy $ALT token? Will it be less expensive or more expensive? Possible all links to all your social media platforms if possible?

ALITAS: Currently, you could only buy at Cointiger and xt.com, You can buy ALT on bibox.com/en, Contract address: 0x5Ca09af27b8a4F1D636380909087536BC7e2D94D, Committed to open ecology, open application, and open cooperation with other ecosystems, the underlying Alitas infrastructure can be fully integrated with big data, cloud computing, artificial intelligence, 5G, and other technologies, and can seamlessly connect with other blockchain networks to realize a shared and open community.

ONESHOT: Yeah, and the 2nd question is from: @Elijah437

I noticed that the Directed Acyclic Graph(DAG) is one of ALITAS’ technological benefits. This technology is said to be superior to regular blockchain. What is the distinction? How can you apply this concept to ALITAS products so that we may take use of DAG’s benefits?

ALITAS: DAG was originally a commonly used data structure in the computer field. Due to the excellent characteristics brought about by the unique topology, it is often used to deal with a variety of algorithm scenarios such as dynamic planning, navigation to find the shortest path, data compression.

ONESHOT: The next question is from @PKragak

Partnerships are one way to get a better position in the market. Talking about strategic partnerships, does #Alitas have any partnerships or is included in any collaborations that may be beneficial to result in exponential growth for #Alitas?

ALITAS: Southeast Asia is becoming Alitas’ new focus, the market expansion and in-depth cooperation will undoubtfully provide users in southeast Asia with more chances to enjoy the benefits.

ONESHOT: The 4th Question is:

NFT is really a hot topic in the cryptocurrency market now. So how is #AlitasTech project planning to develop NFT then how is #AlitasTech project planning to integrate it with DeFi

from @Jugi6098

ALITAS: In terms of technology development, we plan to focus on research and development of Alitas on-chain governance functions and smart contract deployment this year, as these are essential if we want to build a complete on-chain ecosystem. In particular, the boom of NFT this year has led to the explosion of the entire Ethereum ecosystem, which has also triggered our interest and exploration in the direction of NFT, and we are also studying how to better integrate with NFT. At the same time, the boom of NFT has brought about high GAS fees in the ethereum network, resulting in abnormal congestion of on-chain transactions, which has caused many users to complain. We also hope to give users a new choice through the maturing of Alitas on-chain features.

ONESHOT: Last question: @Dezoxi01

Listing on the ideal exchanges, particularly major exchanges, benefits in increasing the token price and is an element of marketing. So, where can we purchase the ALT token, What plans do you have for listing on major exchanges like binance?

ALITAS: Currently ALT token is listed on indodax.com, cointiger, bibox and xt.com, which strongly demonstrated its potential and strength in technology innovation. And currently we are under negotiation with some reputable exchanges. I think we’ll have good news very soon.

ONESHOT: Thank for all your sharing through segment 2 of the AMA.

Through this segment, I believe that everyone has had a more detailed view of the project, its plans and future development directions.

And now, let’s move to the segment 3: live Q&A (5 questions)

In this segment, I’ll open the chat to recieve questions from community. Kindly choose 5 ones to answer

You guys will have 1 minute

PLEASE DO THE RULES BEFORE SEGMENT 3 START

COMMUNITY: Can I buy your tokens right now, and if so, which wallets do yoou support? Can you tell me about your team’s history? How will you and your team complete this project in the midst of the current pandemic (COV-19)?

ALITAS: Currently, you could only buy at Cointiger and xt.com, You can buy ALT on bibox.com/en, Contract address: 0x5Ca09af27b8a4F1D636380909087536BC7e2D94D, Committed to open ecology, open application, and open cooperation with other ecosystems, the underlying Alitas infrastructure can be fully integrated with big data, cloud computing, artificial intelligence, 5G, and other technologies, and can seamlessly connect with other blockchain networks to realize a shared and open community.

COMMUNITY: What are the attractive features in your project? What is the vision and goals in your project that you want to achieve in 2021 and beyond?

ALITAS: This year’s plan involves two main directions, one is liquidity and the other is technology development. In order to increase the liquidity of Alitas, we have already connected to several well-known exchanges this year and successfully get ALT listed. We are very excited to be listed on Indodax, the well-known and world class exchange with a good reputation among its users. As the project matures, we believe that Alitas will continue to get listed on more and more well-known exchanges, and we are working hard for this.

COMMUNITY: Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future?

ALITAS: ALT is the token of the ecosystem on the DAG network and the main component of the system. This token will be used as the platform currency in the Alitas network ecosystem. It does not represent any equity, participation, rights, ownership in any way, nor does it allow token holders to bear any expense commitments, income, profits or investment returns, and therefore does not constitute a security element. TOKEN can only be used on Alitas in Singapore or any relevant jurisdiction.

COMMUNITY: Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is it like this? If not can u tell us, What makes it different from other projects?

ALITAS: Alitas has been endeavored to conduct technological innovation, and has put forward the Tolerance Algorithm, Star Drop Effect, and breaks the traditional chain structure, and designs a new consensus mechanism. While achieving complete decentralization and completeness, under its Alitas architecture, the TPS can reach 30,000+ per second. Break the performance bottleneck of the consensus mechanism. They technically pioneered “Tolerance Algorithm” and “Star Drop effect”. The “Tolerance Algorithm” instead of consensus completely solves the data consistency, and the “Star Drop effect” greatly improves the random attribute of the node’s legal reference, and realizes the high security of transaction privacy.

COMMUNITY: Can you tell us sir what the special thing about your project and what makes different from other similar projects?

ALITAS: Yeah, While achieving complete decentralization and completeness, under its Alitas architecture, the TPS can reach 30,000+ per second. Break the performance bottleneck of the consensus mechanism. The technically pioneered “Tolerance Algorithm” and “Star Drop effect

ALITAS: It’s our pleasure to invite you all to our Alitas tech group (https://t.me/Alitastech).

A lot of events have been planned and will happen in our Alitas tech group every week. So don’t miss it.

ONESHOT: Take note this guys ! A lot of think will happen soon !

ONESHOT: End of Part 3

Allright, I declare the ONESHOT VENTURES AMA with ALITAS has ended.

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