ICYMI — AMA Recap KwikTrust x Crypto Caravan

KwikTrust’s CEO Simon Read, COO Yasir Qayam, and CMO Christina Ashely, recently participated in an Ask Me Anything (AMA) session with Crypto Caravan. It was an insightful session, where the KwikTrust team talked about the KwikTrust project in detail.

The AMA session was divided into three segments, in which, the first segment included an introduction about the project, the second one included questions from the Twitter community, and in the last one, the team conducted a live quick on Telegram.

Simon Read introduced KwikTrust as a next-gen e-validation platform that enables users to develop a tamper-proof record using blockchain for important documents. Users can store contracts, intellectual property, video and audio files, digital property financial records and also proof of identity.

“Our goal is to become the new global standard for signing and securing files.

Right now, more than 75 countries have legal mandates that enable KwikTrust technology to be used, including the US and EU, and emerging market economies like India. Globally, legislation is becoming ever more favourable.

This creates a massive opportunity for validating files and recording IP digitally.

If our timing is right, we have a great opportunity ahead of us.”

Speaking about the tokenomics of KwikTrust, Yasir Qayam, the COO, explained that their KwikTrust Token is a limited supply token with 100 million tokens without any burning mechanism. The total supply of the token will be issued periodically over 5 years with the team tokens being locked for 12 months post-IDO.

Simon then further talked about KwikTrust and its achievement, including launching the MVP which helps the platform to validate products and providing real-world solutions to business problems.

Then, Chistina Ashley, the CMO, explained why KwikTrust is a unique project. She explained that KwikTrust is more than a validation platform as it provides solutions for everyday real-world problems. However, during the session, Christina also peaked into Super NFTs, the latest offering from KwikTrust.

“..but arguably one of the best features is our newest superpower… the Super-NFT.

In a very condensed snapshot — The Super-NFT combines a creator’s proof of identity with the file they have created, locking them together into an NFT.”

Segment 2

In the second segment, Simon, Yasir and Christina, answered a few Twitter questions. Here are a few interesting excerpts from the segment.

Q1. Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

Ans. Simon Read:

Our killer feature is the Super-NFT which, as Christina touched on briefly earlier, combines the creator’s proof of identity with the file they have created, and locks them together into a more secure NFT.

One of the limitations in the NFT market today is that NFTs can get lost or stolen, so people can’t trust storing higher value assets on an NFT.

Creating a Super-NFT with the owner’s validated identity and proof of creation adds additional security, and makes for a more secure transferable asset.”

Q2. KwikTrust provides enterprise products and solutions to address trust and security issues for different customers in a variety of industries. Can you show us some of these use cases and if there have been some customers involved in requesting your services?

Ans. Christina Ashley:

“Love the question! We do have a lot of use cases. That is a part of the reason why I personally really believe in this project- it tackles real-world problems and offers the next-gen solution to the challenges faced in day to day business. It’s something that can reach and help a broad spectrum of people.

We have over 300 users now on the platform, including from the legal sector, which is where we are focusing for our first case study build-out.”

Segment 3

In the last segment, KwikTrust’s team participated in a live Q&A on Crypto Caravan’s Telegram Channel.

Here is an interesting excerpt from the segment.

Q1. How strong is your team? Many projects start with a good impression and later abandon the project. What makes your project different from others?

“Our team profiles are visible on the white paper that you can download at www.kwiktrust.com. We have internal expertise in intellectual property, law, blockchain and technology. All of our team profiles are linked to their Linkedin profiles for further info. The team has shared ownership in the project and the tokens, so we are here for the long term.”

This question successfully concluded the exciting AMA session, which can be read in detail here. For more information about KwikTrust, visit https://www.kwiktrust.com/.

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