AMA Recap with APE Market

On the 2nd of November, 2021 at 14:00 UTC, Decentralized Club had the honor of hosting Devansh K, Head of Operations at APE Market, for an Ask-Me-Anything session on their Telegram page with a community of over 70,000 people. It was hosted by DC Admin, May.

 

The session was divided into four segments. Introductions were made in Segment 1, questions from the Twitter and website community were answered in Segment 2 and 3 respectively, and live questions from the community members in attendance were answered in Segment 4.

 

If you missed this event and would like to know what APE Market is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

 

Segment 1 – Introduction

 

[May]

Hello, 大家好, नमस्ते, Selamat!

 

My name is May and I’ll be hosting the AMA with Ape Market.

 

Today, we have with us a guest from the Ape Market Team.

 

You’re welcome to the Decentralized Club and it’s an honor to have you here.

 

[Dev]

👋 Hey everyone

 

Thanks for inviting us to your club! We are very excited to be here

 

[May]

Thank you for being here.

 

How’s your day going?

 

[Dev]

It’s going great 👍 I hope the same on your end

 

[May]

Affirmative 😁

 

Before we get into the session, could you quickly tell us more about yourself and your job at Ape Market?

 

[Dev]

Sure 🙂

 

I’m Devansh – Head of Operations at APE Market

Got my first crypto experience with BTC in November 2013. Held it till 2016 not knowing what it was about. I started gaining interest in ’16 and actively started investing

 

I have been part of multiple syndicates from then till 2019 and in 2020 decided to enter the institutional side of the field. Utilized my previous experience from traditional FinTech firms: Strategies, analysis, and BD and noticed I had to level the playing field for institutions and retail in the crypto space

 

Actively working on the institutional side of the industry now with APE Market, and here we are today 🙂

 

[May]

So you’re one of the early ones? Great!

 

Your background is impressive as well!

 

Again, we’re glad to have you.

 

[Dev]

It’s an amazing space and environment to be in as I get to collaborate with people globally, like we are now

 

[May]

That’s awesome!

 

Let’s now take some questions about The APE Market, shall we?

 

[Dev]

Sure, let’s do this 🙂

 

[May]

Can you tell us about Ape Market and the goals that led to the creation?

 

[Dev]

APE Market is an equity management and liquidity provider ecosystem – managing crypto equity starting by bringing liquidity to the locked assets 

 

There is a lot of innovation in public markets in the DeFi space: there are market products for spot trading, futures, and options, as well as public sale / IDO products, yet not much has been done for the private market

 

The first layer of the platform features a Private sale marketplace, but it goes much deeper than that as we have built tools to facilitate this for retail, creators, institutions, and OTC. We want to level the playing field for retail investors/traders and provide the same opportunities that institutions have 🏆

 

We will be offering the earliest opportunities to users, the same opportunities that institutions are presented with. We developed tools to ensure trustless, permissionless, transparent, and secure interaction.

 

[May]

👏🏻👏🏻👏🏻

 

We look forward to trying out APE Market

 

What innovative solution is Ape Market bringing to topple its competitors with similar offerings in crypto?

 

[Dev]

Great question! 

 

We have built our tools to onboard users from launch day:

 

– Smart deal flow

– Smart agreements

– Liquid Escrow

– Social Investing layer

 

Currently, all private deals are done through SAFT. This method is super old school, inefficient, and does not ensure a punctual token distribution. 

 

A Smart Agreement is an ERC721 standard to start with (will support multi-chains) which was introduced to ensure both the buyer’s and the sellers’ commitments are met. Also ensuring a trustless distribution based on the terms agreed by the parties involved

 

https://t.me/decentralized_club/640084

 

https://t.me/decentralized_club/640085

 

Liquid Escrow is a framework that utilizes the Smart Agreement tools through which investors and traders can access liquidity from otherwise illiquid assets.  

 

APE Market enables splitting, merging, and transferring of vesting, locked assets. This can be used to offer fractionalized allocations if need be. The Smart Agreements can be used as collateral on our platform + other platforms

 

https://t.me/decentralized_club/640087

 

[Dev]

Currently, Social Finance does not offer monetization on existing platforms such as Twitter, Discord, and Telegram. We introduced Social Investing which allows users to create their profiles on-chain

 

Users can utilize Smart Agreements to ensure a trustless, transparent, and secure exchange of capital. This framework provides an opportunity to build a reputation and trust as the investments will be visible on-chain and transparent, unlike most scenarios

 

Users can monetize via engagements and research by achieving tiered ratings and building on-chain decentralized brands. The higher the ratings/rankings on the profile, the higher the likelihood of projects accepting your requests for allocations

 

https://t.me/decentralized_club/640090

 

[Dev]

Moreover, the same groups can exponentially expand and scale out globally by utilizing building their social profiles through which they can create and be a part of syndicates and collaborations

 

The Smart Agreements can be utilized to create and manage on-chain, transparent hedge funds in which APE Market users can request to be liquidity providers. Syndicate creators can accept or reject the Liquidity Providers based on their social rankings

 

👍

 

[May]

A minute for the community to read 🙂

 

Very detailed answer! Thank you

 

How do you plan to achieve seed, strategic and private sales on-chain?

 

[Dev]

https://t.me/decentralized_club/640097

 

We are creating an ecosystem that will become a one-stop-shop for all things related to early-round investments

 

As I mentioned, we wanted to level the playing field and further ensure to make DeFi more welcoming, understandable, and intuitive for the non-crypto native users. 

 

No more secret deal flows from syndicates and private groups. Everything is now transparent and on the table

 

Smart Agreement introduces a standard and transparent process, on-chain, for commitments for both buyers and sellers to ensure and trustless execution of distribution

 

You paid for your assets, so don’t leave them in the seller’s wallet. Now make your assets useful again through Liquid Escrow even when they are locked up

 

We are creating an ecosystem where institutions, retail, and creators get to interact and collaborate openly by utilizing NFTs. This is the next layer of NFT utilities that we will experience

 

[May]

This is truly amazing! Great job, I must say.

 

We have a couple of questions about your Liquid Escrow feature lined up.

 

What major news should we still look forward to from Ape Market by the end of the year?

 

[Dev]

We have inked amazing strategic partnerships with projects that will utilize APE Market as the main equity management platform for their ecosystems

 

We have also closed our early round raise. Information on all the above will be shared via our socials as we get closer to launch next month 💪

 

[May]

👏🏻👏🏻👏🏻

 

[Dev]

If I say more about this, my team will not be happy 😀 

In due time though

 

[May]

We understand 😅

 

Could you please share your social media links with our community so we can keep tabs on yours?

 

[Dev]

Join us and we can give you a peek into what’s been happening within the jungle

 

Audits, AMA, alpha on projects are the usual round here! But we will have much more going on in our communities as we prepare for the launch 

 

Join our communities 👇

 

Twitter: https://twitter.com/theapemarket

Telegram: t.me/TheApeMarket

Discord: http://discord.gg/dSCbkr7M6x

 

[May]

Great!

 

Let’s now take questions from our Twitter community.

 

Segment 2 – Twitter Questions

 

[May]

There are a lot of innovations in public markets in the DeFi space: there are market products for spot trading, futures, and options, as well as public sale / IDO products, yet not much has been done for the private market. How will your influence and impact the private market genuinely?

 

Twitter Username: @AbayomiNathani2

 

[Dev]

We will be offering the earliest opportunities to users, the same opportunities that institutions are presented with. We developed tools to ensure trustless, permissionless, transparent, and secure interaction.

 

The Smart Agreement is built to ensure both the buyer’s and the sellers’ commitments are met. Also ensuring a trustless distribution based on the terms agreed by the parties involved. Without this tool, it is extremely hard to scale out in the private market

 

Especially for retail investors

 

👌

 

[May]

👏🏻👏🏻👏🏻

 

The genius idea that social investing is is great! This will help a lot with building investors’ trust. I’m worried, however, that publicly showcasing one’s investments might be a doorway for hack attempts and even other types of theft and crime. Could you share how Ape Market will protect its social investors from these and more?

 

Twitter Username: @TadesCorner

 

[Dev]

Great question!

There will be options to share your portfolio details and assets, but this can be toggled off o hidden

 

On the security aspect, we have just completed an audit with CertiK and are waiting for the final report. We have multiple audits lined up with different firms to ensure that we are an airtight ecosystem. One of our core team members has built multiple startups, one of which was a cyber security startup that was sold 🚀

 

[May]

Congratulations on the audit! 🎉

 

APE MARKET has a Ranking based on community activities and portfolio performance. My question is, what are the activities that give a better ranking within APE? For those who reach the highest status on the platform, what benefits will they receive?

 

Twitter Username: @TheShadowJK_1

 

[Dev]

The activities will be based on engagement level within the APE Market ecosystem. We will feature reviews sections where APE Market users can share their due diligence and information about specific projects, they can engage with project teams, post comments about the code and product + much more

 

https://t.me/decentralized_club/640122

 

[May]

Awesome!

 

[Dev]

The infographic displays some of the benefits for the users

 

[May]

Dear community, please view these Infographics 😁

 

Let’s now take questions from our website community.

 

Segment 3 – Website Questions

 

[May]

Liquid escrow enables you to make idle assets in your wallet work for you even when they are locked. What avenues are these assets put into that yield returns and does it have a positive relationship with the period of time originally locked for?

 

Telegram username: @yuuriti

 

[Dev]

We are building our own money markets & have formed strategic partnerships with other ecosystems on which we can utilize APE Market Smart Agreements as collateral and liquidity. More details on this will be shared as we get closer to the launch date 🥳

 

Yes, there is a positive correlation between the yield vaults and the time lock of the vaults. The longer period vaults will potentially offer a higher yield

 

[May]

🥳🥳🥳

 

You spoke about how APE.Market is here to change the landscape of private sales forever. Please, I would like to know how that is going to happen and what are measures being put in place to achieve this?

 

Telegram Username: @Zindane27

 

[Dev]

The biggest issue is the with the current deal flow and early-round investment opportunities specifically targeted to VCs and institutional syndicates, the majority of the investors do not get a piece of the pie

 

Currently, all private deals are done through SAFT. This method is super old school, inefficient, and does not ensure a punctual token distribution. 

 

A Smart Agreement is an ERC721 standard to start with (will support multi-chains) which was introduced to ensure both the buyer’s and the sellers’ commitments are met. Also ensuring a trustless distribution based on the terms agreed by the parties involved

 

We are working with existing, and upcoming ecosystems that will utilize the APE Market which will open up the early-round investment opportunities for all of us!

 

[May]

Sir, particularly what feature of The Ape Market allows for the retrieval of liquidity to one’s illiquid assets on the platform? Is this same feature also responsible for token lending and borrowing and also for collaterals? Thank you

 

Telegram Username: @Dhir007

 

[Dev]

You got it!

 

Liquid Escrow is a framework that utilizes the Smart Agreement tools through which investors and traders can access liquidity from otherwise illiquid assets.  

 

APE Market enables splitting, merging, and transferring of vesting, locked assets. This can be used to offer fractionalized allocations if need be. The Smart Agreements can be used as collateral on our platform + other platforms

 

https://t.me/decentralized_club/640135

 

[May]

Awesome!

 

It’s now time to take questions from our live audience.

 

In this 4th segment, I will open the group for some seconds for the live community to shoot you some pressing questions.

 

Please pick four original questions to answer.

 

Try to ignore generic, vague, and copy-paste questions 😊

 

Ready?

 

@AugmentedGram

 

[Dev]

Let’s do this 🤘

 

[May]

As a measure to deter bots and reward hunters, could you please pick an emoji that will be included in the questions so you can tell original questions apart?

 

[Dev]

🐵

 

—Chat was then opened for the live community to send in their questions—

 

Segment 4 – Live Questions

 

[May]

Please select the questions now.

 

Kindly prioritize the questions with the 🐵 emoji

 

[Kristina Z]

What are the ways that your project generates profit/revenue to sustain your project and what is its revenue model? How can it be mutually beneficial for both the investor and your project? 🐵

 

[Dev]

The listing projects provide a fee for utilizing our ecosystem. The fee will be partly in assets used to complete the early raise, and partly in their native token.

 

This fee is then distributed to the DAO members and users on the APE Market ecosystem. Investors on APE Market can also hold APE Markets native token, and generate yields in which the rewards are a basket of multiple tokens that launch on APE Market

 

[May]

Three more questions to go! 🎉

 

[Super Star Club]

NFT is the most popular these days.  Add NFT to your project?  Why should NFT be so important? 🐵

 

[Dev]

We are creating an ecosystem where institutions, retail, and creators get to interact and collaborate openly by utilizing NFTs

 

No more secret deal flows from syndicates and private groups. Everything is now transparent and on the table

 

Smart Agreement (NFT based framework) introduces a standard and transparent process for commitments for both buyers and sellers to ensure and trustless execution of distribution

 

You paid for your assets, so don’t leave them in the seller’s wallet. Now make your assets useful again through Liquid Escrow even when they are locked up

 

[Finex Na]

What are your members’ plans for global expansion?  Currently, which market is focused on creating and growing to gain customers, users, and partners? 🐵

 

[Dev]

We have onboarded 24 strategic partners with an aggregated user base of over  3 million users across Twitter, Discord, Telegram, Youtube, and TikTok.  The partners are from the USA, Canada, Russia, Ukraine, India, Hong Kong, Australia, the UK, and many more countries.

 

The groups consist of key opinion leaders, influencers, and well-known crypto traders. To further ensure strategic influence and users acquisitions, we have onboarded OTC desks, brokers, ecosystem partners, and exchange-traded projects

 

[May]

One more question to go! 🎉

 

[Dhir]

Sir, can you please share with Decentralized Club all the links where we can meet up with your IDO and whitelisting event scheduled soon as I believe the Ape Market project has very good potential and I want to be part of it in the early stage. Thank you. 🐵

 

[Dev]

Join us and we can give you a peek into what’s been happening within the jungle

 

Audits, AMA, alpha on projects are the usual round here! But we will have much more going on in our communities as we prepare for the launch 

 

Join our communities 👇

 

Twitter: https://twitter.com/theapemarket

Telegram: t.me/TheApeMarket

Discord: http://discord.gg/dSCbkr7M6x

 

[May]

Aaaaaaand it’s a wrap! 🎉

 

Any closing remarks for our community?

 

[Dev]

I just want to thank everyone in the community for being here, taking the time to participate, and post amazing questions. This session has been absolutely amazing with great questions

 

Thanks a lot to the DC club and our amazing host here. You have been very accommodating ❤️

 

Please, join our socials and communities as we have a lot of activities planned 🙂

 

[May]

Sure!

 

Thank you so much for your kind remarks!

 

I had a great time learning about the APE Market 🙂

 

We wish you the very best with your plans for the project, and we’d like to give a huge shout-out to the brains behind all of it!

 

You’re all amazing!

 

Until next time, do have a great day.

 

[Dev]

👋

 

[May]

The AMA with APE Market is now over.

 

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