AMA With Curate in Crypto United

James, [13.02.21 21:00]
Hey everyone!

Bill Grimes, [13.02.21 21:01]
Welcome James, to our growing community!🚀

Bill Grimes, [13.02.21 21:01]
Happy to have you here tonight😄

James, [13.02.21 21:01]
Thank you! Glad to be here 😊

Chad Roulette, [13.02.21 21:01]
Welcome James!

Matthew Harper CM — Shopping.io ( Crypto Melon ), [13.02.21 21:01]
I see you James 👀

James, [13.02.21 21:01]
[In reply to Chad Roulette]
Hey Chad!

James, [13.02.21 21:01]
[In reply to Matthew Harper CM — Shopping.io ( Crypto Melon )]
Hey Matthew!

James, [13.02.21 21:02]
A lot of familiar faces here 😊

Matthew Harper CM — Shopping.io ( Crypto Melon ), [13.02.21 21:02]
[In reply to James]
We were talking about you guys in our team meeting today. Good luck on your AMA

Bill Grimes, [13.02.21 21:02]
Hahah great you guys know eachother😄👌

James, [13.02.21 21:02]
[In reply to Matthew Harper CM — Shopping.io ( Crypto Melon )]
Thanks Matthew! Likewise yesterday in our team meeting too 😊

James, [13.02.21 21:03]
[In reply to Bill Grimes]
Great minds eh 👀

Bill Grimes, [13.02.21 21:03]
Let’s kick it off! First James, could you elaborate on what Curate provides the crypto-community with? What is the product you’re making?🙏

Matthew Harper CM — Shopping.io ( Crypto Melon ), [13.02.21 21:03]
[In reply to James]
Same industry. Different avenues. 🥰

James, [13.02.21 21:03]
[In reply to Bill Grimes]
Sure!

James, [13.02.21 21:04]
[In reply to Bill Grimes]
Curate is a peer to peer marketplace app supporting crypto payments and rewards

Our native token, $XCUR, when used offers zero gas fees and staking

Bill Grimes, [13.02.21 21:05]
Interesting, the marketplace is only for crypto-related business?

James, [13.02.21 21:06]
[In reply to Bill Grimes]
No, it’s for mainstream categories in addition to crypto too so fashion, NFTs, gaming/tech, health and beauty

Bill Grimes, [13.02.21 21:07]
Alright! Sounds innovative

Bill Grimes, [13.02.21 21:07]
The team behind XCUR is non-anon and can be found on the website. Can you tell us what background the team members have and if we might know them from previous crypto projects?

James, [13.02.21 21:09]
[In reply to Bill Grimes]
The current team involves myself, a full-stack developer, 2 blockchain developers and a UX designer from Russia, a marketer from London, UK and an accountant/tokenomics expert in Johannesburg, South Africa. Combined we have over 12 years of experience doing what we do

We’ve previously worked with 2 developers from Energi and Airswap as well to help build Curate

Bill Grimes, [13.02.21 21:10]
Good to see an experienced team leading the project. Is it correct you guys started all the way back in 2019?

James, [13.02.21 21:10]
[In reply to Bill Grimes]
Yes Jan 2019!

Bill Grimes, [13.02.21 21:12]
The first bull run for the team, how have you guys experienced it so far? ;)

James, [13.02.21 21:13]
[In reply to Bill Grimes]
It’s been very fun! Though we know the good times won’t last forever which is why our focus is on ensuring our app business model is robust

Bill Grimes, [13.02.21 21:13]
Yeah understandable, definitely. As you said, thee application is the core of the company, what are the main features of this app? Why would one use it?

James, [13.02.21 21:15]
[In reply to Bill Grimes]
If you use eBay, FB Marketplace, GumTree or similar P2P marketplaces then Curate should definitley be an option for you.

With Curate you can buy/sell goods using crypto currency including our own native token $XCUR (zero gas fees if you do)

You also get rewards for pretty much everything even if you don’t buy anything

Bill Grimes, [13.02.21 21:16]
That’s a promising business model, how do you ‘pay’ to make sure there’s zero fees? And where do the rewards come from?

James, [13.02.21 21:18]
[In reply to Bill Grimes]
We fund the gas fees from our ETH wallet whenever a user spends in $XCUR and we fund our ETH wallet from our comission model. It’s a self-fulfilling model

The rewards come from any of the engagement metrics met including likes, follows, comments, buying/selling, age of account, daily activity.

We have antispam algorithm in app to prevent abuse

Bill Grimes, [13.02.21 21:20]
Clear answer, thanks James😄! Sounds like the app can be very profitable

Bill Grimes, [13.02.21 21:20]
The project has been working for a couple of years on the application, how far are developments at the moment?

James, [13.02.21 21:21]
[In reply to Bill Grimes]
The iOS app has been submitted for review and the Android app will be submitted in the next few days 😊

Bill Grimes, [13.02.21 21:21]
Wow, that’s very fast already🙏 Congrats on this!

James, [13.02.21 21:22]
[In reply to Bill Grimes]
Thank you 🙏

James, [13.02.21 21:22]
I just sent a tweet out hence all the new followers right now 😅 hope you don’t mind

Bill Grimes, [13.02.21 21:23]
Do you have some screenshots of the app?

Bill Grimes, [13.02.21 21:23]
[In reply to James]
Absolutely no problem, our community is still growing and we know these new people will like it here🕺🕺

James, [13.02.21 21:23]
[In reply to Bill Grimes]
Yes I’ll send some and a video if that’s ok?

Bill Grimes, [13.02.21 21:24]
[In reply to James]
Perfect!

James, [13.02.21 21:24]
[In reply to Bill Grimes]
Great, the video is uploading atm

James, [13.02.21 21:25]
[ GIF ]
Purchasing an item on Curate

James, [13.02.21 21:25]
[ Photo ]
Payments page on Curate

James, [13.02.21 21:25]
[ GIF ]
Importing/creating a wallet on Curate

James, [13.02.21 21:26]
[ Photo ]
One of our partners beta testing the app

Bill Grimes, [13.02.21 21:27]
Lotttsss of info, wow! The application looks very simple to use👌

Bill Grimes, [13.02.21 21:27]
[In reply to James]
It’s good to see you guys have been working with Beta testers to properly test and validate the app!

James, [13.02.21 21:27]
[In reply to Bill Grimes]
Thanks, UX and user on-boarding is really important for us.

James, [13.02.21 21:27]
We like to keep things simple at Curate 🙂

Bill Grimes, [13.02.21 21:28]
Will you guys work in close connection with the users for the next updates as well?

James, [13.02.21 21:28]
[In reply to Bill Grimes]
Yes, better to under promise and over deliver 🙂

Bill Grimes, [13.02.21 21:28]
[In reply to James]
Good one🤪

Bill Grimes, [13.02.21 21:29]
The team launched back in 2019 with its first product and token, the CUR8 token. How and why was the transition made to XCUR and the current way operating?

James, [13.02.21 21:29]
[In reply to Bill Grimes]
Yes, v2 of the app will be out Q3 this year and we’ll allow our users to use $XCUR as collateral so they won’t to spend their $XCUR when buying an item

James, [13.02.21 21:30]
And we’ll be beta testing v2 again before it rolls out

Bill Grimes, [13.02.21 21:30]
[In reply to James]
This is a smart approach!

James, [13.02.21 21:31]
[In reply to Bill Grimes]
Our original token CUR8 was in large parts distributed to partnering projects through token swaps, but some partners broke contract by selling their tokens on decentralized exchanges before an official listing which created an unfair situation where original investors paid much more for their tokens than those who obtained them on the ‘black market’.

Our new token, XCUR (created in April 2020) fixed this by redistributing the the tokens more fairly excluding those who broke the agreement.

I took the opportunity to upgrade the token contract at the same time; lowering supply from 100M to 10M tokens and adding a burn function. We burnt 15% of the supply in December 2020 and plan to burn each year until 50% of the original supply remains resulting in 5M XCUR total supply.

Bill Grimes, [13.02.21 21:31]
The agile method of developing is a very effective one for applications, good work on that

Bill Grimes, [13.02.21 21:32]
[In reply to James]
Aha! Thanks for clearing that up, understandable approach to create a new token in such an occasion!

Bill Grimes, [13.02.21 21:32]
The Curate app is aimed at solving a problem with the current sources of fashion/gaming/crypto inspiration, what exactly is the current problem with this? How is the Curate app solving this issue?

James, [13.02.21 21:32]
[In reply to Bill Grimes]
Yes, it ended up being a blessing in disguise 🙂

James, [13.02.21 21:35]
[In reply to Bill Grimes]
Zero support for crypto payments when using traditional marketplaces whether it be P2P or mainstream, the current alternatives are not simple and intutive for the every day user.

We’re bridging the gap between the 2 fastest growing industries right now, mobile-ecommerce and cryptocurrency.

We do this by not only supporting crypto payments as an option to traditional payment methods like card and PayPal but sublty introduce $XCUR to get zero gas fees when buying/selling, staking and using blockchain to verify reviews and disputes

Bill Grimes, [13.02.21 21:37]
There’s definitely a bridge that still needs to be made for these type of sectors

Bill Grimes, [13.02.21 21:37]
Do you perceive any competition in this area?

James, [13.02.21 21:38]
[In reply to Bill Grimes]
Quite a few in this space but where we differentiate is on our zero gas feature when using $XCUR to buy/sell in the curate app and our rewards programme, where we reward users monthly in crypto for their engagement 🙂

James, [13.02.21 21:39]
It’s a killer moat for us and for many who have partnered with Curate

James, [13.02.21 21:39]
And we’re the 1st the market!

James, [13.02.21 21:40]
We’re also app only 😉

Bill Grimes, [13.02.21 21:40]
[In reply to James]
The zero fees is definitely a big plus!

Bill Grimes, [13.02.21 21:40]
You guys are not specifically for crypto either, which differentiates you guys I suppose?

James, [13.02.21 21:41]
[In reply to James]
Making our TAM (tangible addressable market) pretty wide straight of the bat

Bill Grimes, [13.02.21 21:41]
[In reply to James]
That’s exactly what I perceived, straight for the mass public😊

James, [13.02.21 21:41]
[In reply to Bill Grimes]
Yes, we want to go mainstrain and bring the crypto community with us

Bill Grimes, [13.02.21 21:42]
Very brave and innovative goal🚀

James, [13.02.21 21:42]
[In reply to Bill Grimes]
Go big or go home 💪

Bill Grimes, [13.02.21 21:43]
The Tokenomics behind XCUR, could you elaborate on them? What are the numbers at the moment and where do you hope to see these numbers grow to?

James, [13.02.21 21:45]
[In reply to Bill Grimes]
Tokenomics

Token name:
Curate

Token symbol:
XCUR

Tech:
ERC–20 / BEP2

Circulating supply:
5,794,941

Smart contract:
0xE1c7E30C42C24582888C758984f6e382096786bd

Etherscan:
https://etherscan.io/token/0xE1c7E30C42C24582888C758984f6e382096786bd

BscScan:
https://bscscan.com/token/0x708c671aa997da536869b50b6c67fa0c32ce80b2

Total supply:
8,500,000 (originally 10M created but 15% was burnt in 2020).
10% will be burnt each subsequent year until 50% of the supply remains (5M XCUR)

James, [13.02.21 21:45]
[In reply to James]
Pulled straight from our website curate.style 😅

Bill Grimes, [13.02.21 21:45]
Hahaha thanks! What’s the current market cap like?

James, [13.02.21 21:46]
[In reply to Bill Grimes]
Marketcap is around $4.3M

Bill Grimes, [13.02.21 21:46]
Do you have an aim for the market cap?

James, [13.02.21 21:46]
Still a hidden gem waiting to rally

James, [13.02.21 21:47]
[In reply to Bill Grimes]
$75M market cap end of the year is my personal target

James, [13.02.21 21:48]
Once users still they can actually spend $XCUR tokens in app to buy goods with zero gas fees, it’s going to be game changer!

Bill Grimes, [13.02.21 21:48]
Solide x16 from here!

James, [13.02.21 21:48]
[In reply to Bill Grimes]
Yeah, nice runway!

Bill Grimes, [13.02.21 21:48]
📈📈📈📈

Bill Grimes, [13.02.21 21:48]
Curate has been active for a while and has persevered strongly! What do you expect in the future? Where do you see Curate in 2 years?

James, [13.02.21 21:49]
[In reply to Bill Grimes]
I can split these up into goals for 2021 and long term goals

Bill Grimes, [13.02.21 21:49]
Would be perfect!

James, [13.02.21 21:49]
Goals for 2021:
1. App launch (this month)
2. 10k active users
3. 1k completed tx on the app
4. Save our users $25k in total gas fees
5. $XCUR to hit $35–50 price target
6. Donate $15k to charities

Long term goals:
1. Go public
2. First crypto P2P marketplace app to become a unicorn co.
3. Set up Curate Foundation, our not for profit charity organization

Bill Grimes, [13.02.21 21:51]
Very promising goals James! Also great to see the word ‘charity’ in there twice!

James, [13.02.21 21:51]
[In reply to Bill Grimes]
Yes, giving back is a big driver for us and the team!

James, [13.02.21 21:51]
All about passing those blessings on 🙂

Bill Grimes, [13.02.21 21:52]
Wise words, Arnold Schwarzenegger has spoken them once in his speech as well🙏

James, [13.02.21 21:52]
[In reply to Bill Grimes]
Ah legend!

Bill Grimes, [13.02.21 21:52]
Let’s hear it from the community as well, shouldn’t we?

Bill Grimes, [13.02.21 21:53]
James, I’ll open the chat and our bot will assist the community questions. Once the chat is closed your up to answer

The best question wins 50$ worth of XCUR!!🙌

AMA Guard, [13.02.21 21:54]
AMA session is now on

Abdullah, [13.02.21 21:54]
Curate funds gas fees from ETH wallet which is funded from commission model whenever a user spends in $XCUR.

How would curate sustain this payment of gas fees and when unhealthy competition starts amongst project that are building bridge between mobile e-commerce and cryptocurrency?

I tried using the curate app but got stuck at registration page after filling Name, surname, email and password. Is this a technical Glitch? When would it be resolved?

Cindy🌠, [13.02.21 21:54]
How are payments handled on the Curate market place, who handles the delivery?

❤️❤️, [13.02.21 21:54]
What is the UX application interface like? Is it easy for users to use?

What will be the features of the v2 app version?

Ali Muhsin, [13.02.21 21:54]
Do token holders have the right to participate in project governance? What kinds of decisions can they make about the project? all token holders are now around 5.7M but on the roadmap burn to 5M will you buy back in the future? So what are your goals in the future Curate e-commerce application?

뮤ㅑ디ㅣ, [13.02.21 21:54]
Curate is a shopping app that gives free crypto cashback. what percentage of cashback is given? What kind of crypto is that? What are the terms and conditions for getting Cashback?

CHA, [13.02.21 21:54]
Q1.Does Curate serve only as a platform for displaying fashion item? Or is it also possible to make purchases directly from the Application? Can anyone or user platform sell their products through Curate?

Q2.Will Curate also have a strategy to engage with playmakers of traditional online shopping platforms with any widget etc?

🍂🐾🥀, [13.02.21 21:54]
Where i can buy and stake $XCUR ? what is the current APY for staking amd is there any minimum locking period for stackings?

RIN, [13.02.21 21:54]
Q1 — Will you add the Indonesian digital wallet feature to the CURATE app?

Q2 — What are the payment features in the application, did you add Amazon and Paypal?

Q3 — Will the CURATE application add daps exchange or specifically to buy goods?

뮤ㅑ디ㅣ, [13.02.21 21:54]
havingg a hard time understanding how will the revolutionize the fashion industry

David Phan — Coinsbit.io stake BTC 1% everydays., [13.02.21 21:54]
I want to know what happens after running #XCUR on SmartChain afterwards, swap it back or maybe use $ ERC20 & #BSC in parallel and when the app can officially interact.

🍂🐾🥀, [13.02.21 21:54]
Is there will be any refferal program for your application?

RIN, [13.02.21 21:54]
Q1.What Products do you offer? Why use Curate over a similar company?

Q2.When was CURATE Developed? Do you have a Customer Base?

Q3.Do you have the Forbes article and Yahoo Finance one? Please send it here

V125DOHC Tekomsel asw, [13.02.21 21:54]
How many ways your project generate revenue? What is the revenue model of $XCUR How it can be beneficial for users

•×MYSTIC•×VitoXTabloו, [13.02.21 21:55]
Q1.How critical about in a few simple sentences? What are you automating? Can you give us some concrete examples of how things work?

AMA Guard, [13.02.21 21:55]
AMA session is now off

Bill Grimes, [13.02.21 21:55]
You’re up James and let’s see which question deserves the reward🙏

James, [13.02.21 21:56]
[In reply to Bill Grimes]
Cool let me have a read

James, [13.02.21 21:56]
Give me a minute

James, [13.02.21 21:59]
Ok

James, [13.02.21 21:59]
I’ve picked 1 winner!

James, [13.02.21 21:59]
Thanks for the patience, let me answer

Bill Grimes, [13.02.21 22:01]
Perfect James, let’s hear it😊

James, [13.02.21 22:01]
[In reply to 뮤ㅑ디ㅣ]
1% of the sale is split and given back to the buyer and seller. Curate’s net comission is 4%

Terms for cashbacks are not abusing or spaming the app.

Bill Grimes, [13.02.21 22:02]
This is the winner?🙌

James, [13.02.21 22:03]
[In reply to Bill Grimes]
yes!

Bill Grimes, [13.02.21 22:03]
Congrats @bobi07 🥂👏👏

Bill Grimes, [13.02.21 22:03]
James, I’d like to thank you for your time, it was very interesting learning more about XCUR💪

Bill Grimes, [13.02.21 22:03]
Thanks for being here with us!

Bill Grimes, [13.02.21 22:04]
If you have any links to share, please do so😄

James, [13.02.21 22:04]
[In reply to Bill Grimes]
Thanks Bill!

James, [13.02.21 22:04]
Long $XCUR

James, [13.02.21 22:04]
Any questions join me in @curate 🙂

Bill Grimes, [13.02.21 22:04]
[In reply to James]
Alright guys👏

Bill Grimes, [13.02.21 22:04]
Join them here!

Bill Grimes, [13.02.21 22:05]
For all new members, thanks for being here with us🙌

Bill Grimes, [13.02.21 22:05]
James, it’s been a pleasure🚀