Opening Statement
I got a lot of positive feedback on my first DD write up, so I’ve decided to take up the reigns and start posting frequent DD updates while we grow this community. I can only say WOW, what a week we’ve had, with great news, disappointing news, an AMA with Nick Chan on the Official Telegram, as well as some high and lows with the Refinable Token. Much of the launch FUD has dissipated, and now we have a solid strong community, made up of real investors who truly believe in the future of both the Refinable platform and token. There is a lot, once again to go over, and will go into detail of all the news since my last DD post, as well as a couple of clarifications that were brought up in the AMA. Bullet points will once again be listed at the bottom.
Refinable Listed On Our First Exchange, Gate.IO
Shortly after posting my First DD update, we were met with the news that Refinable was getting listed on Gate.IO, while Gate tends to list practically any decent coin, it is still the #8th rated exchange in the World according to CoinMarketCap, even beating out Binance.US in daily volume. I believe this is what indirectly led to the really amazing pump we saw, seeing our token pump from $1.75 when I wrote my first DD update, all the way up to $4.50 before entering bear territory again. While it is a great step in the right direction, I hope this is just the beginning of an amazing trend, with hopefully more high quality exchanges hoping on board in the future. The link to the official Gate.IO blog post regarding the listing, as well as the trading link of Refinable on Gate.IO will be listed below.
Gate.io will list Refinable(FINE)-Duyurular-Gate.io
$2.0989 Refinable Alış (gate.io)
Binance Announces the BigBangNFT contest, in Partnership with Refinable
So in more positive news, we had the Binance Smart Chain host an official contest for content creators to get an early head start in listing their content onto the Refinable platform. While the Submissions for the contest ended yesterday, and they are no longer accepting applicants NFT’s, there will be a voting period on May 10th, where the community can vote for their favourite NFT out of the bunch. Keep a close eye on https://www.binance.org/en/blog/ and @BinanceChain on Twitter for a link to the Voting Page, which will be up for 2 days after the fact. Users who also re-tweet the Binance Chain Contest also enter into a draw for a chance to win $100 of BNB. The link to the Binance BigBangNFT contest tweet will be listed below, as well as the details needed to get into the $100 BNB draw.
https://twitter.com/BinanceChain/status/1389156891637452800?s=20
Refinable Testnet Leaked, Followed By The Release Of The Refinable Private Beta. Public Beta Delayed Till The End Of May.
So for people keeping up with Refinable, many of you probably saw that the Testnet was quietly leaked on the depths of the internet early this week, corresponding with the pump that we saw with out token going all the way up to $4.50. Now the entire platform is available for testing to Beta users, as well as available to the general public for viewing. If you are a part of the Private Beta, you are able to connect your wallet and start posting NFT's on the platform. Unfortunately we were hit with news that the Public Beta would be delayed by a few weeks until the end of May, to make sure the platform has enough Quality Content Creators as well as offer a bug free experience at launch for users, which was the catalyst which sent our Refinable token back on a downwards bear trend. I will link the Refinable Beta for viewing below.
Refinable NFT Marketplace - Discover, Create and Buy NFTs
Refinable Public Beta Announcement! | by Refinable | May, 2021 | Medium
Calling All Content Creators, Get Any And All High Quality Content Creators You Know, And Onboard Them To Refinable
Id also like to use this opportunity, to ask the community for help in calling any content creators you know, and to sell them on the Refinable platform. This app and community will only grow if their is great content to back it up. Sell them on the advantages of Refinable and BSC over other platforms such as OpenSea, running off BSC compared to ETH, meaning low minting fees and transaction costs, being the first platform to run off the BSC which has surpassed ETH in daily transactions, as well as exploded in popularity in recent months, having the backing of Big Names such as Mr. Beast and Binance. sell them on the idea of getting in before anyone else. The more content creators we have, the better, and will help grow our platform. Any and all content creators can sign up for the beta by sending a message in the Telegram and talking to the mods about getting added on the Whitelist.
I am currently in talks with multiple High Quality content creators, but I would like to use this opportunity to say I've onboarded a great friend of mine, as well as one of the Best NFT creators I've seen so far on the Refinable platform, Jooty NFT. He is finishing his Refinable Onboarding today, but if you would like a sneak peak of his work, I will link his Socials below for your perusal. He will be moving from OpenSea, to post exclusively on Refinable for the foreseeable future, so lets all give him the support he needs to succeed.
Twitter: Jooty (@JootyNFT) / Twitter
TikTok: https://vm.tiktok.com/ZMebC7gQY/
OpenSea: Blockchainers Marketplace on OpenSea: Buy, sell, and explore digital assets
https://opensea.io/accounts/JOOTY
Telegram AMA With Refinable CEO, Nick Chan
So we had our first public AMA with Refinable's CE, Nick Chan directly on the Telegram server. There was a lot discussed within the Telegram AMA, so while I wont go into every detail, I will talk about the important notes. As always, the full AMA will be linked below if you would like to give it a read. Some important notes:
-Nick Chan goes into the launch issues in more detail, explaining how Pancake Swaps decentralized nature, meaning its a completely free market, from hobby traders, retail traders to even professional traders and institutional investors. Since this was an IDO (initial decentralized offering) these users can employ many different tools and algorithms (Algos/Bots) to effectively gain an edge on their transactions. Pancake Swap doesn't disallow the use of bots, or utilize anti-bot/whale measures such as QR codes, which is something I touched on in massive detail in my first DD post. They also touched on why CMC and Coingekko do not display the true IDO price, which again, I had already explained in great depths on my first DD post well before Nick Chan explained it (which in reality, any seasoned crypto trader already knows they use delayed market data, and the correct IDO price was always displayed on the Live Charts, like Poocoin.app). Much more of the launch issues were explained in detail and is a good read for more insight into the launch issues.
-The teams current goals is to be laser focused on delivering on there Q1 and Q2 promises to investors, as well as delivering on the Refinable Platform and delivering a smooth launch for the Refinable app (Haha did you read my first reddit post Nick 😉)
-Nick Chan discussed the many possibilities for the Refinable Platform for more than just art and higher use cases for NFT's, including Real Estate ( Users will soon be able to easily list, buy, sell, and exchange real estate timeshare NFTs on the Refinable platform), as well as new features to support creators in commercializing not just Content Creators media as NFT's, but also their services as well (think Fiver or Cameo). They also brought up the idea of engaged storytelling for brands.
-Nick Chan also announced that they are in active discussions with multiple Brands and high end NFT content creators. They even confirmed that they a High level IP will be bringing "A new level of community engagement for it's fans via NFT's", but is still within the planning stage.
-Nick Chan confirmed more NFT Events/Contests in the future that will be available sometime in Mid-May so keep an eye open for that.
-Nick Chan also spoke about the "True" Circulating Supply of the coin, and that the CoinGekko and CMC number of 69 Million tokens of Circulating Supply for Refinable is actually incorrect, and are not displaying the true data. The real Circulating Supply of Refinable is around 8% currently, but it is important to note that Private Sale tokens are unlocked on a daily basis, and the circulating supply does rise with time. So instead of the circulating being around 14-15% of the total supply (500 million) it is now only about 8-10% as confirmed by Nick Chan. What this means is that our market cap, is even lower than initially predicted. While our coin price has increased since my last DD post, as well as our market cap, with new numbers (Coin Price: $2.20) and multiplying that by our new Circ Supply (8-10% of 500 million = 40-50 million) gives us a market cap of around 88 Million - 110 Million currently speaking. Its great to finally get an honest answer of what our circulating supply actually is, and again its important to note, that the fully diluted market cap, as well as the total supply of tokens, does not mean anything in retrospect if the majority of those tokens do not currently exist. The only important metric is the Circulating Supply.
- Nick Chan discussed how they are working on Smart Contracts for the Refinable Platform (Q1 promise), and that their Smart Contracts have already passed a Security Audit by both Hacken and SlowMist
-Nick Chan Confirmed that Mr. Beast has been a great supporter of the project, and will likely be supporting them with Marketing after the Platform Launch, with more details to be announced in the foreseeable future (Do I see a Mr. Beast NFT releasing on the platform 🧐)
-Nick Chan Confirmed that they utilize IPFS for NFT Media Storage on Refinable, which is the standard for all NFT marketplaces on the Market.
-And Finally, the last important note is that Refinable will be hosting another Staking Event in the future, with a hint that this could be Staking through Pancake Swap, which will make staking of the token much more accessible to FINE owners.
A Link to the full Telegram AMA will be listed below if you'd like to go into it in more detail, there is much I did not discuss due to the length of the AMA, but these are the important notes I took from the AMA personally.
https://t.me/refinablenft/406056
Another Binance Livestream, Featuring Refinable's CEO Nick Chan
Binance hosted another Livestream, that featured multiple hosts, including obviously Refinable's CEO. They talked about a load of different subjects in the Crypto space, including Doge's and Ether's parabolic run and the rise of Shit-Coins in the Bull-Market and the rise of Retail Investors and the Bull Market in general, More institutional investors getting involved in Crypto, Large Corporations getting involved such as Paypal and Ebay accepting Crypto, Paypal considering its own Stable-Coin, Impending Government regulation regarding Crypto, and of course, the NFT space and more Refinable goodness. Someone in the Livestream chat mentioned how Nicholas looks like CZ!
Jokes aside, big mentions about Refinable in the livestream include expanding on more future potential/tangible use cases of NFT's outside of art, such as Gaming and even more higher use cases like deeds on housing and real estate, official government documentation, (i.e. such as drivers license, Proof of address and any other official government documents stored on the blockchain), will eventually move to the blockchain and NFT's, and stressed obviously how early NFT's as a technology truly is. The Binance host referred to NFT's as the 2013 of Bitcoin as an analogy, just to explain how early we are, and that NFT's haven't even reached 1/10th of their potential use cases, which I 100% agree on.
Nick Chan also confirmed that they are in talks with the folks over at SafePal, and they will integrate a HardWare-Wallet for use with the Refinable platform as a safe and secure way to store your NFT's locally, and they also hinted at a Software based wallet from Arkane (who was also on the Livestream as well) which would integrate Software-based wallet, with easy to access integration. Meaning no more Metamask, and you could create a wallet as easy as singing into your Facebook or Twitter account, making the platform very easy to use and easy to access.
Nick Chan also said that Public Launch of the Refinable platform is to be expected within the next 2 weeks, and the team is again, hard at work on delivering on the platofrm and that is their number 1 concern. That being said the general public wont have to wait too too long in order to finally access the platform we have all invested in, and confirmed more platform videos in response to obviously the platform launch (i.e. marketing). Nick also said again, that they are in discussions with multiple companies in multiple fields including Live Events Organizations, Art galleries, Different IP Brands, and have many goals to finish by the end of this month.
The hosts of the chat joked about a Binance listing, and pressed Nick on the Binance listing. Obviously due to NDA's and the Binance Listing agreement, Nicholas had to brush off these jokes and not confirm anything of the matter saying "I Can't comment on these things", but it was just funny that this was brought up during the livestream.
Finally Nick Chan discussed the potential of Refinable supporting multiple chains in the future, such as the Ethereum chain, or even Flow, but it depends on the community feedback and where they want to take the platform as well as how the market evolves in the future, but as of right now they are 100% focused on supporting the BSC and its community.
And that about covers the important points brought up in the livestream, once again, the video will be linked below for your perusal.
And lastly a few things that happened actually before my first DD post, but didn't notice before posting,
Nick Chan's Refinable AMA with Hillrise Capital
wont go into too much, but gain some pointers
-Mr. Beast was introduced organically into the project, and a large marketing push is expected to come from Mr. Beast after the Refinable launch. Expect Mr. Beast to bring his community with him, and hopefully even bring some personal Mr. Beast NFT's to the platform by the sounds of the interview. Its also important to note, that both Mr. Beast and Logan Paul, are followers of the Refinable Team on Twitter.
-Talks about community Engagement and Influencers using NFT's to build their platforms and communities, citing the success of platforms such as Patreon, Onlyfans, etc. and that this is really just the tip of the iceberg. "What we’re building is to further enhance those communities with a new interoperable medium to trade ‘items/goods’ that matter to them."
- Fractionalised/partial ownership of NFT's is on the Roadmap
-Once again, Nick mentions that they do aim to integrate multiple chains and become a cross-chain NFT marketplace, but again intend to be fully BSC on launch.
-Mentions merging NFT's with VR tech in the future
Holy crap, that was a lot to take in, as promised, here is a summarized version with some bullet pointers.
- Refinable Listed On Our First Exchange, Gate.IO
-Binance Announces the BigBangNFT contest, in Partnership with Refinable
-Refinable Testnet Leaked, Followed By The Release Of The Refinable Private Beta. Public Beta Delayed Till The End Of May. Should Be Fully Released Within The Next 2 Weeks As Confirmed By Nick On The Binance Livestream.
-If You Personally Know Any Content Creators/NFT Artist, Tell Them About Refinable And Get Them Onboard To Grow Our Community
-Team Is Laser Focused On Delivering The Refinable Platform, and Delivering On Q1 & Q2 Promises To Investors
-True Circulating Supply IS NOT 69 Million Tokens (14%) As Stated By CMC and CG, And Is Closer To 40 Million Tokens (8%)
-Smart Contracts Passed Security Audits By Hacken And SlowMist
-More Contests In The Works Leading Up To Launch
-More Staking Events In The Future With FINE, Presumably Through Pancake Swap.
-Refinable Is In Discussions With Multiple Brands And High Level Content Creators, Including One Large IP
-Multiple AMA's On Different Platforms, As Well As Livestreams On Binance's YouTube Channel All About Refinable And The NFT Space.
-More Future Use Cases For Refinable, Such As Real Estate, As Well As Content Creators Providing Exclusive Services Through NFT's Plus Many More
-Mr. Beast Has Been A Great Supporter Of The Project, And Will likely Start Marketing Push After Refinable's Public Launch, Presumably Selling His Own NFT's On The Platform
-Both Mr. Beast And Logan Paul Are Followers And Supporters Of Refinable On Twitter
-In Talks With SafePal In Order To Integrate A HardWare Wallet, As Well As Possibly Software Wallets In The Future That Support Social Media Sign-Ins For Easy Integration.
-Discusses The Potential Of Refinable Supporting Multiple Chains In The Future, Such As The Ethereum Chain, Or Even Flow.
-There Was A Light-Hearted Mention About Listing Refinable On Binance During Their Own Livestream, While Nick Chan Obviously Didn't Want To Say Anything (Due To NDA's)
-So Much News, Too Little Time To Write It All, DYOR And Still Bullish As Fuck
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