Parallell & CryptoWolf AMA Recap w/ Richard

Hello Parallell community, here’s a recap for our AMA event with CryptoWolf.

AMA Event 10th April 2022

Introduction Session:

Heyli Rend:

Q1. Could you please introduce yourself to the community?

Richard:

Sure, my name is Richard, and I’ve been living in Dubai for 4 years now. I am a very passionate person.

I have been working in the field of blockchain for over 5 years. By being head of marketing in Parallell, I realized how important technology could shift our lives. My passion is to share knowledge on cryptocurrency with everyone, especially those who are new to this space.

Heyli Rend:

Q2. Could you please tell us more about Parallell in detail?

Richard:

Parallell is a cinematic gaming, entertainment and travel experience that blurs the line between reality and fantasy by combining earth-based locations (digital twins) and mystical Parallell dimensions.

As an adventurist, you will encounter Terra3, Utopium and Cornerstone within a constantly expanding, photorealistic galaxy.

Heyli Rend:

Q3: What are the Main Features that distinguish Parallell from its competitors?

Richard:

What sets us apart is that we provide a layered experience. It’s more than just plots of land, which is what you see in other projects, we are building them based on worlds and craft storyline to provide a coherent experience.

First layer is our bridge with physical reality, as we are a strong believer that no matter how an individual can connect virtually a way back to physicality is imminent. The user will experience a photorealistic and cinematic digital twins of real life locations such as Vacation locations or famous destinations like Manhattan in NY.

This layer is built on top of IP addresses that we have right on or Parallell has created a partnership with. So it is not only a “digital representation “ of that location — Our aim is to incorporate these locations within Parallell’s ecosystem. The incorporation can take many shapes and forms. One simple example is a VIP event…

The second layer is the user experience. We tackle the experience by the following points.

- First engaging users with high end storyline crafted by individuals who have worked on a global well-known series such as The Simpsons, Sons of Anarchy, and Minions.

- Each planet experienced whether it was a digital representation or a fantasy planet will have a determined district. Districts can vary from one planet to another; in Utopium for an example there will be a wide range of districts that some are dedicated for gaming experience, entertainment, or residency.

In the space station, we are creating a high end realistic meeting and commerce hub that players can come and conduct online meetings and interact with, that will be both futuristic but very much linked to our real world.

Heyli Rend:

Q4. What is Parallell’s revenue model? How do you generate revenue/profit?

Richard:

LLELL will include granting access to specific tournaments and opportunities, using LLELL as a stakeholder to receive ecosystem rewards and incentives.

In some cases, it is used as a form of exchange for goods and services within the ecosystem or minting digital assets at certain Parallell Asset Stations spread throughout the platform experience.

The LLELL token will also be used to incentivize the growth of the network and participation in network activities.

So everything in Parallell is related to LLELL token.

Heyli Rend:

Q5. Let’s talk about your upcoming plans?

Richard:

The current phase of development is the space station “Utopium’’ a luxury resort, residence, and travel destination conveniently located in Parallell’s Metaverse that will offer gaming, shopping, and a rich entertainment experience. Utopium is the destination for ad agencies and major brands to bridge the virtual gap between 2-D e-commerce to hyper-personalized interactive commerce (iCommerce) experience. This bridge helps launch brands into the future of advertising, branding and consumer engagement.

Our team is also preparing the BETA release of the Parallell Metaverse in a couple of months,

following the recently completed Cerro Tusa. As the first digital twin of Mother Earth in

Parallell’s expansive galaxy, Cerro Tusa is a luxury resort seated at the base of the largest

natural pyramid on Earth (located in Venecia, Colombia, sitting on 33 hectares of land)

recreated in the Parallell Metaverse.

Twitter Q&A Session

@VenusP2e:

Staying in touch and connecting with customers and partners is very important to all projects, does “Parallell’s support system support 24/7? What languages are currently used when supporting?

Richard:

We have been focusing on providing services and support to users in more countries, and currently only English channels can be provided for 24-hour service. Our Chinese channel has also been established and maintained by our team recently, so stay tuned for more services in different language regions.

@DuyenCm:

As we know Yield farming is a new trend so do you have any plans for the development of yield farming system? Does “Parallell’’ support staking program? if yes. How does the “Parallell’ stake system work? What are the requirements for users if they want to stake on your platform?

Richard:

Sure, Parallell will support staking programs.Each user must get one Parallell digital passport first to take part in our economic ecosystem.For more details about the staking system, please keep an eye on our social media

@VenusP2e:

Many investors buy tokens then sell them all in sale after initial exchange listing, how did “Parallell’ prevent early investors from selling their tokens. What benefits does token offer them in the long run? What are the benefits of holding?

Richard:

As a long-term operation project, it is necessary for us to lock the team‘s tokens to prevent potential risks. The vesting period will be published once LLELL is issued.

The Parallell team has stated that they are committed to maintaining the value of Parallell.

Parallell also allows the users to vote on important matters such as what features should be added or removed.

@NgocTran573

Im a software engineer and also a big fan of #Parallell so How do I become one of the #Parallell ( a Parallell member)? What requirements does #Parallell have for startups when they enroll in #Parallell incubation program?

Richard:

The process of becoming a member is simple. You can become one by simply filling out the application form from our CM and clicking submit. We will then review your application and if you are qualified we will send you an invitation to join us.

The requirements are pretty simple. You need to have a great idea, and you should be able to prove that your idea is better than the ones already out there. We also look at how much money you have raised so far, and if you have any previous experience in the industry. If not, we will help guide you through it and make sure that you don’t get lost along the way.

@MDALAMI08045055:

How can your @Parallell project improve in the future?Will it be able to develop much more than big projects in the future?

Richard:

We will improve our project by adding more features and developing more business partners. We’re also looking to add new plugins, so that users can realize their personal ideas with the plugin system. We will keep working on it and make it better than ever before.

Telegram Q&A Session

Heyli Rend:

We have successfully completed the first two segments. Now we have our last segment which is the “Live Question “ segment. There are some rules in this segment which I will explain to you in the next message. So let’s get started.

Richard:

let’s do it.

Richard:

Okay, I will pick some questions now.

Kristina Kern:

I want to support your project. Tell us more about the Ambassador Program and in what ways can we participate ?

Richard:

We don’t have an ambassador plan at present. But we do need you guys to take part in our community.If you are intersted in our project, please contact our CM. you can fill out the application form first, once we start the plan, we will contact you.

Aria john♥:

Can you explain how your Tokenomics Distribution is? How many tokens Will be minted ? And How many tokens Will be locked by the team?

Richard:

This infographic might be helpful.

Mahodiya Maya:

Do you buy back or token burn to increase the value and drive scarcity. If not, do you have plans for such in the future?

Richard:

We only have a “manual” burn function that will be used in extreme situations and a determined set of rules to mitigate LLELL inflationary risks, providing a deflated economy and increasing LLELL’s scarcity.

A portion of economic transaction fees of LLELL will circulate back to the token economy.

And yes, we will have buyback functionality.

Jul.TA (Never DM First):

Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships?

Richard:

We’re working with a large ecosystem and are really excited about what’s coming up in the coming weeks and months.

For example, our virtual reality studio partner ZOAN, an award-winning virtual reality studio based in Helsinki, Finland. Today ZOAN is a leading VR studio working with companies such as Microsoft, Meta, and Nike Global. Parallell is a unique photorealistic and cinematic metaverse created with the latest technology of Unreal Engine 5.

PU RAJ:

Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits??

Richard:

We haven’t issued our token yet, but we will release Parallell digital passport NFT soon. so please follow our social media to know more.

Heyli Rend:

You already have the answers to 5 questions in the live segment.

Thank you all very much for successfully completing all our segments. We are very happy to work with you.

Richard:

Thank you for your host.

Heyli Rend:

Your reward will be announced, until then everyone will be fine bye❤️

Richard:

Thank you all !!!

Website:https://parallell.io/

Twitter: https://twitter.com/Parallell_

Telegram:https://twitter.com/Parallell_

Instagram:https://www.instagram.com/parallell_metaverse

Medium:https://parallell.medium.com

Discord:https://discord.com/invite/n3NKQq8628

Facebook:https://www.facebook.com/parallellmetaverse

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Simban

Simban

In the open-world game Simban, players can go to visually stunning Islands and resorts as well as experience an open galaxy with quests and mini-games.