AMA Recap: Diversity Ventures X Solchicks

On December 11, 2021, we had a chance to welcome Ganan – Corporate Development Lead to join an AMA to share with us information about the roadmap and features of Solchicks 

Solchicks is a fantasy Play-to-Earn game built around SolChick NFT collectibles, where players use their SolChicks as their characters in a unique gaming metaverse.

In order to help our community get more understand about game Solchicks as well as the information about the roadmap and features of Solchicks in 2021 and in the near future, Diversity Ventures has organized an AMA with Ganan – Corporate Development Lead

Time: 20:00 UTC+7 | 11/12/2021

🏘 Địa điểm: Diversity Ventures Group

🗣 Hosted by: Lady – Content Marketing Team Leader

👥 Guest: Ganan – Corporate Development Lead of Solchicks 

💵 Reward: $250

Below are the main points of this AMA session:

PART I: INTRODUCTION OF SOLCHICKS

It’s a great opportunity to understand what the Solchicks is, and how much wealth we can increase which the project, so it’s an absolute honor, so thank you.

Host: All right, so first of all, dear guests, Can u tell us a simple description of the Solchicks project?

Ganan: SolChicks is one of the first NFT-powered play-to-earn fantasy games on Solana (We’ve recently hit #1 in Solanart and other Solana Marketplaces!). It combines features from all your favourite traditional games – including Diablo, League of Legends and Dota. Victorious players are rewarded with $CHICKS and other valuable battle spoils which can be traded within the in-game marketplace.

We wanted to build a game that was actually fun; in contrast to what’s out there in the market. We believe that by building a PvP based, immersive gameplay with skill trees, quests, class changes and tournaments, we can bring people to playing P2E games not just because it’s earning money, but because it’s fun too! We believe this pull for an entertaining P2E is an untapped potential in the current playerbase.

Host: In a project, the Core team is very important. And the next question for you: Would you introduce Solchicks’s core team (like CEO, CTO, CMO, etc), please?

Ganan: Our core team all come from a business background, and have learnt their trade in MBB consulting firms and bulge bracket investment banks. Our CEO, William studied at Wharton, and has worked at McKinsey & Company and Oaktree Capital. The other members of our core team (e.g. our COO Lewis) have come from Bain Capital, JPMorgan Chase and other top tiers firms. We have combined this business acumen with a blue-chip game development team called 0xplay from Korea – they will be working for us full time and have decades of experience in companies like Nexon and Line, leading devs for MapleStory, PUBG, TERA, Dungeon Fighter, and Heroes of New Earth.

Host: Listening to you introduce Solchicks, I really hope this will be a unique long-distance project, helping investors increase many assets in the future.

However, I hope you can tell me more about: Is there any investment required to start earning? Or how can users earn through the game

Ganan: I’m glad you feel that way and am sure that it’ll be as such! Regarding your second message, players can earn through two primary methods, our $CHICKS tokens (which have governance rights) and our in game rewards which can also be traded on real world exchanges. The latter rewards are gained through weekly pet happiness levels and winning battles. These tokens can be used to breed new SolChicks and sell them, thereby providing another avenue for users to earn through the game.

Host: Thank you for the answer.

And as an investor, I would love to know more about the outline the different types of NFTs you will have in the game. And please explain how they are integrated into your game?

Ganan: SolChicks is a NFT based game, we have already minted 5000 of the 10,000 original NFTs that would be in circulation when the game first launches. In addition to these characters that people will play with, we also intend to have other parts of the game (e.g. equipment NFTs) on chain such that people can also trade these on real world exchanges.

Regarding the question on how these NFTs will be integrated. The following image captures some of the benefits/integration nuances of NFTs (please note these mechanics are not finalised and may be changed in the alpha that is released next year).

Host: After listening to the sharing from Solchicks, I think this NFTGame is very good. Personally, I will have a lot of faith in Solchicks and will definitely become your loyal user.

However, I and many other users, are curious about your plans for long-term? What you are currently working on? And what strategy will be used to expand globally?

Ganan: Thank you for that vote of confidence, it’s very much appreciated! As you have alluded to, our immediate focus is on refining the gaming experience and delivering a fun, bug free game for the community while ensuring the game’s core build, balance and financial incentives stabilize. We foresee this to be an iterative process with our team and the community and hope to enter into a regular cadence where we launch new DLCs, updates, and content.

However, when this game meta and economy has stabilised we will aim to slowly relinquish control and transform SolChicks into a decentralised game and focusing on establishing a SolChicks Village, which will initially serve as a virtual hub for players to explore the game, before ultimately becoming a go to location for all fantasy assets on the Solana blockchain.

PART II: QUESTIONS FROM TWITTER

Just 5 questions for us to better understand the project. And now, during the AMA, I saw a lot of questions about Solchicks on Twitter, showing that the project is very popular with the community.

Host: And I see a question that gets asked the most: How can users participate and what are the benefits we get for participating?

Ganan: You will need a SolChick to play, and since there are only 10,000 original NFTs – only 10,000 people will be able to play the game initially. However, as players level up their Chicks and begin breeding new Solchicks – the number of NFTs will begin increasing. An option will be provided for players to use either their selected NFT or pay a certain price to create a non-NFT version of the SolChick (that will look materially different and have none of the innate attributes that a NFT Chick has). Since SolChicks is a NFT based game, the trading and exchanging of SolChicks is encouraged so that players will experience the breadth and depth that the Chick has to offer. In order to most effectively encourage this behaviour, we will implement “saved states” which will preserve the progress of each character independent of the NFT. Therefore users can participate regardless of whether or not they own a NFT, but the rewards that they receive for participation will vary depending on whether or not you own a NFT, and what the innate attributes of that NFT are. The benefits of participation have been outlined in Question 3.

Host: Ooh the Solchicks is the highlighted project in the market. So, how to ensure user asset security? What products does project have & in the future,, will you add more products?

Ganan: Security is one of our top priorities. For one, we have partners that protect us from bot-snipers in the CEX and DEX. In our game development process, we are bot-proofing our game during the alpha and beta phases before we implement the blockchain P2E applications as well. As for other products, yes we will! SolChicks equipment will be introduced, but we can’t say much for now. 🙂

Host: Like your description of the project, I was really surprised by the technological magnitude for this.

However, the community still wants to know more about the play-to-earn mechanism in Solchicks?

Ganan: Solchicks will not just be a play to earn, but a play AND earn game! We want the main motivations for users to play the game is to have fun, and not just to earn. That is the strongest suit for SolChicks. You can generate income by buying and selling of NFTs, breeding, getting PVP battle rewards

Host: Yes! The community heard and was very excited about the project. Are you planning to launch some kind of token burn or buy back program in the future? What do you plan to do to balance your tokens?

Ganan: At present, the main burn mechanism that we will have in place is breeding (since tokens are required to breed SolChicks). For now our focus is on balancing out our game such that the gameplay is enthralling, so further news on token balancing will be coming out in the upcoming months – we hope you’ll follow our socials closely; it may come sooner than later!

Host: Thank you so much for the very detailed and interesting answers. But the community is still a little curious. What has the project achieved and what is its future roadmap?

Ganan: My pleasure! We are 3 months old, yet our community has blown up to over 500k, with 70 staff across different countries! Even our demo is out now and that’s just with 1 month of development with the team we onboarded and we have a playable boss battle already! We are on track to selling the rest of our 5000 solchicks next month, followed by the alpha in Q1 of 2022! We will be launching the full game, including play-to-earn aspects by mid-late 2022.

PART III: LIVE QUESTIONS

It’s been part 2 of the AMA, and now we’re on to the final part of today: 5 questions from users of Diversity Community. We will “UNMUTE” group with in 2 minutes or until we feel enough question, please pick 5 best questions

http://discord.gg/solchicks

Question 1: As we all know the reason of Play to earn project are being hacked is because of bugs on their smart contracts so how can I be sure that smart contract of Solchicks is secure?

Ganan: SolChicks is always improving in our efforts to secure the system. We have introduced security measures in all our platforms, including Discord, Telegram, Twitter, and even our own website. This will be the same with our smart contract, which will we have an audit report on in about a week’s time.

Question 2: Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?

Ganan: We are in Solana, hence the ode to Sol. As for Chicks, I think didn’t want to take our selves too seriously! We wanted a more inclusive image; and not necessarily going all in on the gore or intensity like Dark Souls or the goth in Diablo

Little fighting chickens really did the job in marrying both the cute / silly side of things with serious, immersive gameplay.

Question 3: How do you plan to spread awareness about your project in different countries where English is not spoken well?

Ganan: We are building out an outreach team that is truly global in nature, with the leads of these teams fluent in the languages of the customers from that region. This will allow us to continually engage with our users and spread awareness in communities where English is not spoken well.

Question 4: Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?

Ganan: We are always engaging with and listening to our community. Our engagement team work closely with our development team such that your feedback always filters through to the decisions makers who have the ability to shape our project in a manner that creates the best user experience possible. Our ideal consumer is not just the P2E market that Axie has captured, but by creating a game with real entertainment value, we also want to initially capture more of the traditional gaming market.

Question 5: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?have a YouTube channel or something? can you share it with us?

Ganan: We do have a YouTube channel, but I’d recommend using this Linktree link (https://linktr.ee/SolChicksNFT) and following us on all our socials – this is the most efficient way of getting a fulsome picture of our project. As we get closer to our game launch, any educational material will be prominently displayed on those various social media platforms.

Ganan: That was tough.. but those were my top 5!

Thansk Diversity Ventures, I had a lovely time 🙂

Host: Oh, time flies so fast. I know we still have a lot of things to discuss, but I am so sorry to say that the time of AMA today is over.

I hope the AMA has shared useful and interesting information with all of you. And hope to see all of you in Solchicks.

Alright, so thank you, everyone, very much and thank you Mr. Sritharan being here today.

And always stay tuned for new information from us, we would like you to join us on our social network. Thank you, goodbye and see you next time.