Telegram audio recording also available on https://t.me/prnrocketbackup/1554616
ama_16Mar22_reuben.mp4
TL;DR
- Bridge testing in progress, on target for start April 2022 LIVE deployment to mainnet, additional testers and bounty program incoming
- Bridge crossing from BSC to ETH will NOT be double taxed, capped at 10% transfer tax
- Initial INTI/ETH LP funding will be from BSC marketing wallet
- Recent marketing wallet sells were pre-determined and planned
- Includes team member rewards for achieving pre-defined milestones
- Project funding runway of 16 months worse case
- Additional revenue streams being worked on as part of PRT DAO beyond NSFW.app fees
- New UI and desktop development still on track as per the last roadmap AMA
- Continuing to seek a suitable credit / debit card payment provider partnership
Bridge Update:
- Currently being tested on testnet by application focussed moderators
- On plan, as per roadmap with expansion to other users thereafter
- Working wells, UI very smooth, is secure, including penetration testing
- Bounty program incoming
- As indicated in previous AMAs, more time is being spent to ensure safety and security over rushing delivery
- Design change to cap bridge tax transfer fee to 10% instead of 2x 10% i.e.
- 10% BSC wallet to bridge contract transfer (BSC lock)
- ETH mint of ETH Intimate token => an additional 11% will be minted to offset the ERC20 transfer tax
- Bridge transfer to ETH wallet attracting standard 10% transfer tax (which offsets the additional minted tokens so maintaining constant supply)
- Reminder that cross the bridge is optional
- Initial INTI/ETH LP will be funded from bridge crossing from the BSC marketing wallet (initial quantity being modelled) and ETH purchase (also funded from the marketing wallet)
- Treasury function will maintain PRT/INTI token price alignment via bridge crossing arbitrage
- https://t.me/prnrocketbackup/1526091
Marketing Wallet Update:
- Most important consideration is continuing to have funds to continue paying for the project (core team, developers, equipment, etc)