AMA Recap: GoMeat x CryptoCrabs
Date: 10th October 2021 4:00 PM UTC
Host: Crypto Crabzs
Speakers: Kanwal Sultan Khan
Hello Crypto crab community, I am Kanwal Sultan and I am the ICO manager for GoMeat Token. My team and I have been working hard these past couple of months to bring this project to you and I am so excited that we have now entered tier 3!
Q1: Can you briefly describe GoMeat Team? We would like to know more about it and how it works.
Let me introduce the GoMeat team to you first and then I’ll explain how the token works. Our 5 founders have over 20 years of experience each in setting up and running businesses around the world. Our CEO Waqas Siddiqi is currently working with SAP America as a delivery executive. Co-founder and secretary Syed Hamed is a program manager at SAP America. They themselves are consumers of specialty meat which is why GoMeat token is a project very close to home for them.
GoMeat token is a utility token with an amazing deflationary economy and a limited supply of 5 million. This is the first project of its kind which caters to the $1.7 Trillion global specialty food industry
GoMeat is a utility token and holders can use it for the following purposes: -Place meat, grocery & food orders using GOMT on GoMeat Services -Get free delivery & discounts -Get 1% cashback on all orders -Earn GOMT through our referral program. In terms of solutions, GoMeat mission is to digitalize and empower the industry. GoMeat will provide In-app Blockchain-based certifications to keep stores, customers & certification boards notified about a store’s specialty verification -Our Blockchain-based distributed ledger will keep track of the meat from the farm to the store to ensure easy accountability and traceability
Q2. Which blockchain do you bring your project under and what do you primarily intend to do with this project?
Wonderful question Muhammed! So GoMeat token is a proud member of the HydraChain. Hydra chain has low/predictable transaction fees, high scalability, and it incentivizes businesses with gas royalty so it was the ideal choice for us. Additionally, their advisory support has been highly helpful for us. GoMeat’s vision is to bring ease of access, transparency, and digitalization to the 1.8+ billion consumers of specialty foods. To do this we need a system that ensures traceability of specialty meat from the meat to the farm and we believe blockchain is the ideal platform to execute this. Thus we are working on introducing in-app blockchain-based specialty certifications!
This is highly necessary as specialty consumers are very specific about what they eat and are willing to pay a premium for it. Many businesses have seen this as an opportunity to partake in fraudulent activities which is why the GoMeat platform is working hard to bring transparency and traceability to the industry!
Q3) How has the experience and background of your team been effective in the success of your project so far?
Collectively our 5 founders have over 100 years of experience in setting up and running businesses around the world. For instance, GoMeat CEO Waqas Sidiqi has been working with SAP America, Inc. as a Delivery Executive. Our founders themselves are consumers of specialty meat thus they are well aware of the struggles of being a specialty consumer and how the industry operates. In summary, I would say that Global experience in successfully running businesses and being a consumer themselves has been the ideal experience for running GoMeat. While this is our team’s first venture in crypto but they have been running GoMeat successfully for over 3 years. Additionally, we are also highly grateful for the help and support that the Hyrda chain team and our advisors have provided us with. You can check out our team here: https://gomeat.io/
100 years 😱
Yeah, that's huge…….
Emphasis on collectively 😄
Q4) What and all partnerships or marketing initiatives are you working on now to help build awareness for your platform?
I’m so glad you asked that as we recently launched some wonderful initiatives that I know your community would love to participate in. On the marketing side, we currently have our in-house team which has been diligently working on the graphics, articles, and other promotional materials. In the past, we have also worked with other marketing companies. Currently, we are running 2 AMAZING marketing initiatives where people can earn free GoMeat by simply tweeting about us! How cool is that?? Let me tell you guys the details
So first we have the MEATY PROMOTION PROGRAM: All you have to do is to sign up at: https://forms.gle/PWGPHpYRSKmgw9rM9 Once approved, you just need to use your social media profile and put out a tweet/post or anything related to honest and in return, you can earn up to 25 free GoMeat!!! Learn more about it through this blog: https://gomeattoken.medium.com/here-comes-the-meaty-promotion-program-8598a31dee0a
Second, we have our highly lucrative affiliate program, where you can earn up to 50% in bonus GoMeat but simply bringing in a private placement of 30k or more GoMeat. You can read more about it here: https://gomeattoken.medium.com/introducing-meaty-affiliate-program-fee362968c90
Q5: Can you mention the future plans OF GoMeat Team NFT and can you share with us the roadmap for the coming quarter?
Oof, who mentioned anything about an NFT Mohammed 😂
There is no NFT in our current roadmap but we do have some very exciting things planned for the coming years.
By the end of 2021, we are planning on increasing the number of stores on our platform to 600, we have already hit the target of 350+ stores so this won’t be a problem! We are currently also in talks with several exchanges so we’re hopeful that GoMeat will be listed by the end of this year. By 2023, our aim is to have 3500+ stores and an annual volume of $3 million. Additionally, we will also be introducing blockchain certifications by 2023. Our mission is to make our online delivery services global, introduce blockchain-based certifications and increase the utility of GoMeat token over time through our extensive burn plan
https://gomeat.io/pdf/White%20Paper%20GoToken.pdf You can read up on all these details in our whitepaper!
Who are your biggest competitors now? What are the advantages that your project can beat competitors?
Hello, that’s an excellent question to ask when it comes to any new project. You will be delighted to know that GoMeat has NO competitors. We are the pioneers in the field of same-day delivery of specialty meat and we are also the only crypto project serving the specialty market. This is a highly lucrative niche so we will certainly be seeing many competitors in the future. But in this case, you have to keep in mind that GoMeat started its operation in the US all the way back in 2019. So already we have over 3 years of experience and market share over any future competitor. Currently, we have 350+ stores onboard, we have processed over 6.5k+ orders and in 2020 alone we made over $300k in revenue. We are the only players in the field right now and we are already 3+ years ahead of any future competitor 😊
You can keep up with all our exciting updates by joining our telegram group https://t.me/GoMeatToken
Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Absolutely, not only do we have a limited supply of 5 million tokens, but we also have a highly exciting and detailed burn plan to ensure that GoMeat token utility increases over time. Our early investors are already very satisfied as the pre-ICO price was $1 while the final tier price is $1.15.
We have a highly detailed burn plan to increase holder utility overtime: All unsold tokens will be burnt -3% GoMeat revenue will be burnt starting with the quarter following ICO completion -4% revenue in 2022 and 5% in 2023 will be burnt quarterly -Upon hitting $3 Mil in annualized gross volume, an additional 3% will be burnt every quarter -Additional 3% will be burnt for every order paid using crypto
Do you have a plan to include staking in your ecosystem? If yes, When will be the staking program be launch?
GoMeat token itself cannot be mined nor staked. But for the term of our ICO, we have introduced a special “Hydra steaking offer”. All investments in hydra will be staked for one year and the rewards will be distributed at the end of the staking year in the form of GoMeat. In fact, we just launched our staking reward yesterday, you can check it out once you have signed up on our panel: https://gomeat.io/icopanel/user#staking-reward
We are also working on setting up some lucrative “staking” incentives for when we launch on exchanges but I can’t reveal much about it for now 😊
Transparency is the key. How many team members do you have and how many developers are working for you?
GoMeat has been transparent about its mission and team since day 1. After all, the irony of us championing for transparency in the industry without being transparent ourselves wouldn’t go unnoticed 😁 As I mentioned above, we have 5 amazing founders. You can read up about them on our website www.gomeat.io and there you can also access their LinkedIn profiles for verification. We have a brilliant team of 15 people at GoMeat which includes customer support, store, and driver onboarding, graphics, developers, marketing, and finance. You can also read up more about them on our website or head on over to our Telegram to ask any questions you may have.https://t.me/GoMeatToken
Thank you for the answers any final words to the Community before we conclude the AMA
I had a wonderful time answering all these questions. There are barely 17 days left till we close out ICO. The best time to buy GoMeat would be now so you can avail our referral bonus and tier bonus! Looking forward to seeing you all in our telegram group!
Wishing GoMeat Token all the best wishes in the Future Endeavours 🚀💪 #GOMT 🚀🚀