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On 18th February 2022, Krystal hosted an AMA sessionNanoByte's CEO, Hutama Pastika (Tommy).
Krystal is proud to be one of the partners to launch the NanoByte token (NBT). Click register your interest
Here’s a recap of the key points that were mentioned during this session:
Background of NanoByte
NanoByte’s vision is to make crypto ‘mainstream and legitimate’ by bridging cryptocurrencies to the traditional currency system in Indonesia.
This allows them to align crypto wallets with fiat products, such as:
- Credit cards
- Insurance
NanoByte consists of a team of more than 30 people, and they have launched an investment app (Nanovest) late in 2021.
Besides Nanovest, NanoByte is looking to expand its use cases, including an introduction of a cryptocurrency card in the future.
Supporters and backers
NanoByte has 2 main backers for their project:
- (a well established financial institution in Indonesia)
- Tokocrypto (the largest crypto exchange in Indonesia)
Tommy believes that by having support from both of these companies, NanoByte will help to make cryptocurrencies mainstream.
Edge over competitors
Tommy aims to provide simplicity with NanoByte’s services, as other products out there cater to people who already have some knowledge of cryptocurrencies.
Tommy believes strongly in providing a great user experience, especially for people who are unfamiliar with cryptocurrencies
Upcoming events
Here are some of NanoByte’s future milestones
- 22nd Feb 2022: Nanoverse Summit (sharing the launch of and the future roadmap
- 23rd Feb 2022: IDO on KrystalGO
- 25th Feb 2022 (TBC): DEX listing on Pancakeswap
- March 2022 Week 1 (TBC): CEX listing on Tokocrypto and opening of the Nanoverse
You can watch this trailer for more information about the Nanoverse Summit on 22nd February: https://www.youtube.com/watch?v=f-_xp_4vjTU
Questions from our community
Here are some quickfire questions that were asked by our followers on our Twitter page
NanoByte’s Greatest Achievement
Tommy mentioned that NanoByte’s application has been downloaded by more than 2 million users and was in the top 5 list of Finance apps on the App Store (Indonesia) in less than 2 months.
Main Differentiating Factor of NanoByte
In response to a question asked by one of our users, Tommy mentioned that crypto usage in Indonesia is very limited (10 million users for a 270 million population). Tommy feels that most of the current projects are targeting people who are already savvy with cryptocurrencies.
This is where NanoByte is differentiating itself, where they want to integrate crypto with all Web 2.0 products, such as:
- Electronic money
- Insurance
- Banking products
In this way, cryptocurrencies will no longer be just a speculative product, but it will have something of real value.
NanoByte has been certified by Certik, which you can view the findings of the audit on NanoByte’s Medium page
Tommy also mentions that NanoByte has implemented a multi-signature wallet in their team for extra security.
Partnerships and Private Sales
NanoByte selects partners to work with them for the long term, and not just for short term gains.
For example, NanoByte treats marketing partners as investors and not as influencers, so that they will have a long-term interest in the project.
Moreover, NanoByte only allows investors to join the private sale if they agree to a 6-month lock-up period, which signifies their long-term commitment.
Building of a Community
Tommy strongly believes that the community should be involved in the entire project. One such example was when all of NanoByte’s community members were allowed to join in NBT’s private sale.
NanoByte also has plans to open up an ambassador program to engage even more with the community.
Expansion to Overseas Markets
Tommy sees Southeast Asia as an important market, due to the very high interest in cryptocurrencies
One interesting point is that customers from different Southeast Asian countries may have the same customer profile, so the huge populations in these countries may lead to great demand for NanoByte’s products.
Conclusion
And that’s it for the main points that were covered during the session. We hope to see you at our next AMA
If you would like to follow the entire thread, you can check out our Telegram channel
For more information on NanoByte’s IDOyou can check out our post here
About Krystal
Krystal DeFi is a multi-chain platform to easily access popular DeFi services and manage NFTs.
Krystal is a convenient, single point of access to transact with leading protocols on multiple blockchains, including KyberSwap, Uniswap, Aave, Venus Protocol, PancakeSwap, SushiSwap et.al. To date, Krystal supports Swap & Earn services on 6 blockchains — Ethereum mainnet, BINANCE Smart Chain, Polygon, Avalanche, Fantom & Cronos.
Krystal brings users the best token swap rates via SmartSwap, its Smart Liquidity Aggregator that sources tokens from 40+ DEXes. Additionally, users can earn passive income, manage NFTs, participate in token sales via its launchpad KrystalGO, and access cutting edge portfolio management and market insights tools. Topping it off, Krystal’s one-of-a-kind rewards program earns users bonus incentives when they trade or successfully refer friends. Since its launch in April 2021, Krystal has now attracted more than 108k monthly active users worldwide.
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