DNFT AMA

Q1: Can you introduce yourself and the team of the DNFT project?

Jason CEO: This is Jason, the CEO of DNFT.
The DNFT team is an experienced Australian team.
View more detailed team information through Linkedin (https://www.linkedin.com/company/dnft-protocol)) and our official website (https://dnft.world)..)This is the core member of the team

Q2: How many members does your team have?
Jason (I use J directly below): We currently have 9 full-time members and 6 part-time members.
This is not a big team. But everyone is passionate about our project!

Q3: Can you introduce the DNFT project and what is the purpose of the project?
J: DNFT protocol is a decentralized cross-chain NFT network.
It allows users to mint, trade, and manage NFT assets across blockchains, such as art, games, and metaverse assets, as well as data models.
By presenting Data-model as the concept of NFT (DAAN), DNFT pioneered the application of NFT to the artificial intelligence industry.

Q4: What are your main competitors?
J: We have several modules such as NFT Market, Asset (Token/NFT) cross-chain, AI+NFT, etc.
Opensea will become the main competitor in the decentralized NFT market. But it is deeply dependent on the ETH network. Since the launch of our mainnet version, DNFT will support ETH, BSC and Polkadot.
Anyswap/Poly/O3, they are cross-chain service providers. But DNFT will support NFT cross-chain, including Polkadot and EVM blockchain.
As for AI+NFT, there are no mature projects in this area yet! So we are proud to be a pioneer in this field!

Q5: Can you briefly describe the main goals and milestones of your project?
J: Our main goal is to build a user-friendly multi-chain NFT market that allows users to forge, trade, and manage NFT assets across chains, such as art, games and metaverse assets, and data models.
Major milestones:
1. Launch the mainnet version of the decentralized NFT market on the EVM blockchain
2. Launched the Substrate-based DNFT network
3. Start NFT cross-chain agreement
4. Launch DNFT Ecological GRANT Plan
5. Launch DNFT agreement DAO governance
We will gradually introduce and improve it. All functions will be launched on our testnet first. We will get feedback from the community to better publish on the mainnet

Q6: Can you introduce DNF tokens? What is its purpose?
J: As the original token of the DNFT protocol network, the mainnet DNF token will be issued when the mainnet goes live.
The total supply of DNF tokens is 100 million.
Before the mainnet DNF is issued, the DNFT team will issue an ERC20 token to facilitate IDO and listing activities.
The DNF bridge will allow ERC20 DNF holders to convert ERC20 tokens into the main network DNF. Since the autonomous network DNF tokens are issued, the main network DNF will be freely converted 1:1.
If required, the DNF bridge will also allow users to transfer their ERC20 DNF to BEP20 (BSC) DNF or HRC20 DNF.

Q7: What benefits will token holders get?
J: Holding DNF will benefit from the following:
1) As the origin token of the parachain, DNF is a token that consumes gas fees.
2) As the DNFT DAO governance token, DNF holders will be able to participate in the construction of the DNFT ecosystem.
3) Get DNF tokens and NFT airdrops.
4) Get discounts on fees when DNFT ecological payment, such as purchasing NFT, NFT management taxes, and cross-chain transfer taxes.
5) Due to gas consumption and further burning mechanism, DNF is a deflation token.

Q8: Can you outline your token economics and the utility of DNFT tokens?

J: 1) 20% will be reserved for the DNFT agreement team. Since the mainnet of the DNFT agreement went live, 10% will be released every quarter.
2) 5% will be reserved for early community and ecological construction (including early marketing activities such as community airdrops). 5% will be released at TGE, and then 10% will be released quarterly.
3) 10% will be reserved for the ecosystem grant program. NFT and game ecosystem construction reward programs will be launched to encourage projects that join the DNFT protocol ecosystem. It will be locked for 3 months and then released 10% every quarter.
4) 35% is reserved for the development and construction of the DNFT main network (including bidding, network maintenance, etc.). It is locked for 3 months, and 5% is released every quarter.
5) 20% will be allocated to project development reserves (including exchange listings, liquidity pools, etc.). 5% will be released at TGE, and then 5% will be released quarterly.
6) 2.5% will be allocated for seed sales. 20% will be unlocked 1 month after TGE, and then 10% will be unlocked every quarter for 6 quarters, and the remaining 20% will be unlocked in the 18th month.
7) 6.5% will be allocated to private equity. 20% will be released at TGE, and then 8% will be released every month.
8) 1% will be allocated to IDO.

Q9: NFT is in full swing, but what measures will you take to differentiate yourself from the competition and protect your investors?
J: The unique value of our project will be the decentralized multi-chain NFT market and the AI model as NFT (AAAS).
Our innovation and our technical strength will differentiate us from our competitors
For our investors, we will always inform them of clear and detailed information about DNFT.
We have always wanted our community to be highly involved in project development!
For example, according to our DNFT ambassador hunting program, we have prepared a monthly DNF airdrop of $10,000 for our top 10 DNFT ambassadors.
For more details, please visit: https://medium.com/dnft-protocol/dnft-ambassador-hunt-1c22fcbf8b76

Q10: On your website, you talked about AI applications, can you provide more information about it, because I can’t find more information about it
J: The integration of NFT and AI models will bring unlimited possibilities to the blockchain and AI industry.
If NFT contract standards improve compatibility with AI models, blockchain can become a potential settlement method and market for AI model transactions
It will provide AI model owners or creators and AI model buyers with more choices when buying or selling AI models
The increase in the mobility of AI models will promote the development of the AI industry
On the other hand, the emergence of the AI model NFT will become the new blood of the NFT market
Accordingly, the AI model NFT will focus more on shifting from the traditional IT industry to the crypto world.



Q11: How is your project different from other projects?
J: Basically, DNFT is a decentralized multi-chain NFT market as a dapp.
It makes sense to build the NFT market with a decentralized cross-chain protocol
Considering that there is no mature product for NFT cross-chain, it is exciting to provide a complete experience for users with NFT cross-chain needs
This will be a milestone in the NFT industry
In addition, if the NFT cross-chain protocol can be integrated with the NFT market, then NFT assets can not only be transferred across blockchain addresses, but also across blockchain networks
By allowing NFT holders to conduct NFT transactions with investors, no matter which blockchain they use, it will greatly increase the liquidity of NFT assets.


Q12: What is the relationship between your team’s encryption expertise and project goals?
J: The developers of our team are continuing to explore the world of encryption.
At the same time, they are also exploring the boundaries of technology as they continue to improve their products.
We believe that the goals of the project can meet the personal goals of the DNFT team.


Q13: How does DNFT cross-chain nft work? Is it transferred to a wallet or a supported platform?
J: There are two types of NFT cross-chain
1. Isomorphic (isomorphic) cross-chain based on Polkadot XCMP
DNFT’s Polkadot main chain network is developed based on a substrate.
Due to the characteristics of the substrate framework, DNFT’s Polkadot network will synchronize the implementation of the Polkadot XCMP cross-chain mechanism after the network is online.
2. Heterogeneous cross-chain based on relay chain
Heterogeneous cross-chain protocol will be the core of DNFT cross-chain protocol
Based on the relay method, DNFT’s Polkadot network will become the center of the relay, handling heterogeneous cross-chain requirements


Q14: What is the next action plan?
J: We have confirmed our listing plan today. As the market is relatively hot recently, we are ready to seize the opportunity! But we have not officially announced. The specific plan will be announced through official channels in the near future: https://twitter.com/DNFTProtocol, https://t.me/dnftprotocol.


Q15: What is the plan for global expansion? Are you focusing on the market at this time or on establishing and developing or acquiring customers and users, or partnerships?
J: Our DNFT ambassador hunting program will be the key.
The scope of activities that our ambassadors will carry out includes expanding DNFT announcements, advocating for DNFT in local and virtual communities, testing and building integration, and presenting DNFT projects at local events.
For more details, please visit: https://medium.com/dnft-protocol/dnft-ambassador-hunt-1c22fcbf8b76

Q16: At present, NFT is very popular, do you think you will apply NFT technology in your products in the future?
J: A free market and rich NFT creators will make the application work. This is what we got! In addition, DNFT will also focus on community building and ecosystem building. The AI module (as I mentioned above) will bring fresh blood to the industry!

Q17: What is the competitive advantage of your project? Can you tell me the 1-3 best features of your project, other projects do not need to persuade me and other investors to invest in your project for a long time?
J: Those will be these two:
Decentralized multi-chain NFT market
It makes sense to build the NFT market with a decentralized cross-chain protocol. Considering that there is no mature product for NFT cross-chain, it is exciting to provide a complete experience for users with NFT cross-chain needs. This will be a milestone in the NFT industry. In addition, if the NFT cross-chain protocol can be integrated with the NFT market, then NFT assets can not only be transferred across blockchain addresses, but also across blockchain networks. By allowing NFT holders to conduct NFT transactions with investors, no matter which blockchain they use, it will greatly increase the liquidity of NFT assets.

AI model as NFT (AAAS)
The integration of NFT and AI models will bring unlimited possibilities to the blockchain and AI industry. If the NFT contract standard improves the compatibility of the AI model, the blockchain can become a potential settlement method and market for AI model transactions. It will provide AI model owners or creators and AI model buyers with more choices when buying or selling AI models. The increased mobility of AI models will promote the development of the AI industry. On the other hand, the emergence of AI model NFT will become the new blood of the NFT market. Accordingly, the AI model NFT will focus more on shifting from the traditional IT industry to the crypto world.

Q18: Many project carpets have recently been pulled out and quit the scam. Why should investors believe that your project will not do this?
J: Like I said, we will always inform them of clear and detailed information about DNFT. In addition, we have always wanted our community to be highly involved in project development!