Topic: [ANN] ALAX - The Blockchain Game Platform for Emerging Markets - page 85. (Read 75351 times)

Wouldn't it be theoretically possible to also trade ALA vs fiat? For example if an exchange provides a trading pair for that? Or can ALA not leave the system?

is ALAX doing ICO with fix ETH cost to save all investors from volatile price currently?

maybe, but if buying ALA with ALAX at a fixed price (25% discount) , it will not drive the price ALAX up.

I think you mean "developing countries" and not "undeveloped countries" as what the developers imply. As for your first query, blockchain technology is steadily rising from these countries especially in the Asia-Pacific region, and if I'm not mistaken, researches about  crypto currency adoption on these countries have been conducted. On the other hand, your second query remains to be answered until the platform has been released.

Maybe, but people like to make savings.
If they use ALA and they will hear about a more cheaper way, if they buy ALAX, they will pushed towards crypto.

The problem I see is, how do unbanked get tokens in general if they can't transfer money to exchanges? This is a question I ask myself in general for crypto as a lot of projects claim they want to be for unbanked.

I think ALA will be more demanded than the ALAX. Most people will use ala to get the services offered by the platform while alax will be better to use as an investment things.

That would be an interesting read. I think many people in poorer countries would want to take advantage of the 20% bonus when purchasing ALX through ALA.

Alax won't be pegged to fiat, an internal token of alax will be pegged to fiat. It is something else.

If ALAX will be pegged to the FIAT will there be an equal amount of the reserve FIAT somewhere?

Do you guys know if there are any researches or statistics about undeveloped countries and their involvement in crypto? Will crypto payment option even be in demand or they will mostly want to use ALA pegged to fiat?

You will be able to exchange ALX to ALA in the ALAX app store. You can buy ALX on exchanges.

ALA prices will be pegged to FIAT and only ALX will be tradable on exchanges with the key that if you will change ALX to ALA you will get the ALX price in FIAT plus 20% in ALA. But you cannot exchange ALA to FIAT. You can sell it to someone who wants to buy games and apps or buy them by yourself.

That sounds like a good way to attract customers. The unbanked people will appreciate the lower fees.

Beside Decent which is a knwon trusted blockchain, i think the fact Dragonfly has already a solid customer base, may be the right partnership to have right now.

People will be able to buy ALA credit in stores as they buy credit for their mobile phones. We have already signed an LOI with Utoo in Indonesia and Malaysia.

Our focus is strongly on emerging markets. While in Europe and USA have almost everyone credit or debit card and can buy their apps and games easily, people in Asia and Africa are mostly unbanked and there is already a strong infrastructure based on paying everything with your mobile phone, eg through credit from your operator. But these operators are taking a big share of what is the customer paying thus making everything more expensive. By avoiding operators through the blockchain customers can get more and also developers can get more even if they lower their prices.

There are two things - one is that there are two companies -  DECENT and Dragonfly - that are already established. DECENT spent a lot of time developing its blockchain and Dragonfly its more than 100 million active users. By making a joint venture there is a huge time-saving effect since we do not need to create a whole new blockchain or marketing the product to new users. We will already have users from day one.
The second thing is the system of two tokens. It maybe looks complicated and unnecessary at first but when you will think about it, you realize how it is important for the future success of the project. Many projects have only one volatile token and you have to buy it on crypto exchange and this is something what will ordinary non-crypto people never do. They just want to buy games. They don't want to get bothered by some bitcoin, private key, and exchange and transfer fees. They would never go this way. and won't force them. They will be always able to buy their ALA tokens in brick stores or from the people who are interested in crypto and will sell ALA to them. If you want to disrupt the market you cannot force your customers to make radical changes in their lives. You have to change to meet their demands - and that is what we do by having two tokens.

Many gamers are involved in crypto so it's normal that there are many projects in this sector.

Do you mean the hardcap? If so then the hardcap is set to 30 000 ETH. Meanwhile there is no softcap for this project. The project will continue no matter how much fund they collected during the token sale period.