On September 10, 2021, Etherflyer Exchange CMO Alice with Domino Network Operations Manager Sura held an AMA event together.
Sura introduced the background, design concepts, development progress, competitive advantages, and recent market plans of Domino Network to us.
The following is a compilation of AMA text content, and the content has been edited.
Alice:
Hi everyone, thank you for participating in today’s AMA. I am today’s host Alice, Etherflayer CMO & co-founder.Today we are fortunate to invite Sura, Domino Operations Manager, to introduce Domino Network here.Before the AMA initialized, let me briefly introduce our ‘Etherflyer’.
Etherflyer is a decentralized exchange registered in Samoa. It is a decentralized exchange based on Ethereum, the largest decentralized exchange in the entire Asia-Pacific region. There are more than 300,000 registered users, of which more than 100,000 active users.
Etherflyer was launched in January 2018. Using hardware acceleration and high-efficiency memory matching technology, the peak order matching rate can reach 2,000,000+/sec, and the peak order processing rate can reach 1,000,000+/sec.
The platform will continue to follow up the development, and gradually realize cross-chain transactions for different types of digital currency. TCASH holders can enjoy a dividend of 50% of the platform’s revenue, as well as a gradient reduction of transaction fees.
Our international team has members who provided IT solutions for tech-nology companies, banks, or large stock exchanges for a long time.The advisory team includes celebrities from the currency circle, as well as well-known Bitcoin Chinese capital investment.
Okay, let’s invite the guests to introduce their team’s background and history.
Sura:
Hi there, It’s Sura, the operations manager of Domino team.
Mainly responsible for the formulation of various marketing activities, community plans and brand promotion in Domino’s project. Our team are composed of experienced entrepreneurs, engineers, and researchers, those who have worked in the blockchain industry, Internet companies, or university research institutes for many years.
One of the co-founders has studied in famous universities in Hong Kong and the United States with years of entrepreneurial background related to finance, securities, and technology. What’s more, he has in depth researched and rich experience in finance and technology development. After entering blockchain area, he has raised an amount of industry cognition and technology research experience. Last year, he was optimistic about the meta-universe ecology and decided to lay out interrelated ecology.
Another partner has many years of experience in traditional Internet operations and entered the blockchain field in 2017. He has accumulated years of experience in project operating as well. Many of the early blockchain projects received his fundraising and operations. The technical partner of the team participated in the ecological construction of Ethereum and Polka dot in the early stage, and is familiar to solidity & Rust development.
Alice:
Fine. Can you briefly introduce what on earth is Domino Network?
Sura:
Domino Network (Digital-reality Spatial Network) is a fast, distributed, and creator-friendly blockchain network for UGC.
It aims to build a super data application scenario for digital-reality symbiosis, (It has some similarities with meta-universe concept which is popular these years), and constructs a large-scale, sustainable and self-growing digital world based on Domino Chain standards, protocols, and modules.
Domino provides a programmable development environment and application tools (Studio, virtual machine, etc.) to link creators all over the world. All creators can freely create, explore or interact here, enjoy synchronous online games and interactive social experiences in the virtual world. BTW, all creators can participate for corresponding rewards under a fair and open economic system. Users can establish social interactions with others all over the world, break through the constraints of time and space, as well as send invitations to friends in the real world.
Through providing more comprehensive, diverse and convenient identity link services, to help massive Internet users smoothly move toward decentralization of the Internet. Inheriting the openness of the Internet, anyone can access or exit freely in the digital-reality space, we also encourage everyone to create or make social interaction in the digital-reality space. To be able to absorb technological innovation, financial innovation, business model innovation and rich content. All progress results, attribute to the sustainability of ecological prosperity.
Alice:
For now, we all know that the original intention & philosophy are significant for a project. Can you share with us the reason why Domino Network was built & what is its vision?
Sura:
Some people think that human beings continue to sought after the virtual world. The digital virtual world may be the destination of human being’s place to live. Carbon-based life will move towards silicon-based life one day. Although the ultimate form of this fantasy is still far away, it’s not hard to imagine. However, nowadays, trend shows digital virtual world is very likely to become a new computing platform or content media. Its value is immeasurable as we all know whoever takes up people’s virtual time win.
The process towards virtual world is a brain-computer link. The interactive terminals in the virtual world of the Internet will be completely different. Once the change occurred, the Internet social empire run by the Internet terminal will fall apart in a short time. Our goal is to construct a decentralized virtual world on the basis of Web3.0. To achieve cross-chain management of assets between multiple heterogeneous chains in the spatial network through cross-chain bridges, and to create a blockchain Digital value network. We are committed to building Domino into a spatial network where digital and reality coexist.
In this network ecology, DAOs (distributed autonomous organizations) in each meta-ecology can create, develop, entertain, trade, socialize or other interactive actions in the real world without centralized governance. The assets in the space network have absolute control as well.
Alice:
Okay, can you share with us what is the digital-reality space, and what is the digital-reality space in Domino network?
Sura:
Digital-reality Space is an immersive virtual world close to real existence. An open future network world. This property that spans the physical and digital world is naturally suitable for combining blockchain technology. Blockchain technology can not only be used for user data, but also digital goods, content and IP. It also allows users and companies to create content and products to make it more prosperous. Furthermore, blockchain technology can also create an integrated functioning economic system that links the real world of the digital-reality space.
Therefore, we decided to build a digital-reality space network with blockchain technology as the underlying protocol. Thus, Domino Network came into being. Domino Network is a large-scale platform that carries users’ virtual activities. From the perspective of building an ecosystem, now, our main goal is to ensure the ultimate immersive experience & hyper-converged content ecology & super-temporal social system & digital-real interaction economic system. What’s more: Anyone can create a virtual identity in the Domino digital-reality space. The owner has custom attributes and can change his face and dress arbitrarily. The system is responsible for the real data and privacy of users. They manage their own identities, completely individuals.
And, it eliminates the barriers caused by race, color, religion, class, and politics in the real world. Domino digital-reality space network is a sustainable system that can continuously provide services and content, and the ecology is constantly evolving & enriching, just like the Internet. In order to connect the reality better, huge encryption technology is propped up. Everything in the spatial network happens synchronously, without a synchrony or detention.
Characteristics such as real-time interaction or virtual identity are brought about by the high TPS and low latency of the Domino network, giving users a more immersive, sufficiently real sensory experience that surpasses the real world.
Finally, a virtual shared space beyond the real universe could be constructed.
Domino digital-reality space has built a variety of application scenarios, providing diverse gameplay, props or art materials etc.
Using the interoperability and interaction framework of multichain and cross-chain to aggregate users’ cross-chain data, Credit calculation, identity value output, etc. The ‘human life’ in virtual world can be as colorfully as in the real world.
Alice:
That’s really fascinating. So, What achievements have your team achieved so far, and what is the future plans?
Sura:
We divided into four stages, named lullaby stage, symphony stage, rhapsody stage and heartbeat stage.
Domino project was initialized in 2019, we carried out technical researching, develop preparations and market researching, that’s the lullaby stage.
Subsequently, the deployment of the DMI Ethereum contract was confirmed and a technical cooperation relationship was established.
By 2020, we have optimized the prominent variables of the Domino protocol for user storage data, transaction status and block size, created a visual PC-side storage UI interface, and reduced the block network confirmation limit, updated and iterated the node DAPP version.
Then in 2020 we submitted the audit code base to MIT and optimized the underlying architecture of DMI.
Then, in 2021, the white paper v1.1.9 was officially released, confirming the Domino Chain-based infrastructure and standard protocols. Our goal is to create a large-scale, sustainable, and self-growing digital world. At the same time, we completed Angel round financing.
We also launched Domino’s bounty network platform and participated in the programming marathon. In August of this year, the strategic round of financing was finally completed.
It is expected that the Domino test net will be launched in the fourth quarter of this year to realize main net switching, main net token mapping conversion, public pledge, validator Dashboard, etc. We decided to launch the NFT trading market at the same time as the release of the DMI Economic Blue Book in 2022, and launch the Domino full node main net.
Alice:
Could you please introduce Domino’s investment lineup and partners? How did these collaborations unfold?
Sura:
The investment institutions currently participating in the angel round of financing include Cisco Meraki, Ledger, Parafi, etc., and completed another $20 million strategic round of financing last month, including NGC, Blockchain Capital, Bitscale Capital, Incentivai, Bixin Ventures, etc. Institutions, and we are still actively communicating with top institutions around the world.
To be honest, we are surprised by the high investment enthusiasm of everyone. This is a good phenomenon, which requires us to make efforts for the long-term development of the project.
In addition, these investors from all over the world, such as the United States, South Korea, Japan, Vietnam, Singapore, Australia, China and the Middle East. We also plan to cooperate with more KOLs, media and communities.
Alice:
We are expecting for more surprising ‘gifts’ of your team, too. So, if Domino Network is launched in the near future, however the bear market like 2018 or 2019 comes, what kind of solutions will u implement?
Sura:
Since the beginning of our establishment, this question has actually been answered: The bull and bear market is just a process. The performance of the market may affect the progress of the project to a certain extent, but our determination and pace will be very firm. Just like the migrating wild goose, it knows its destination and what to do, so It will not be delayed or stopped due to changes in the scenery on the road.
For now, Domino Network has completed the angel round and strategic round of investment, and the funds raised are fully enough to meet the development, upgrade and operation needs of the project. We will not expand blindly because of the bull market, nor will we slow down because of the bear market. The bull market leverages development and saves resource input; The bear market is not shrinking. Compared with similar projects, it is to expand resource input and achieve overtaking in corners.
Alice:
Okay, what an impressive speech!
Thank you so much for the AMA sharing, and thank you all for watching and listening.
Let’s stay tuned & wish a bright way for Domino! See you next time!
Project Positioning
Domino is a fast, distributed, and creator-friendly Blockchain for UGC. It aims to build a super data scenario of digital-reality symbiosis, and constructs a large-scale, sustainable Sexual and self-growing digital world based on Domino Chain’s infrastructure, standards, and protocols.
Domino will provide programmable development and application tools (Studio, virtual machine, etc.) to link creators from all over the world. Create, explore, and socialize can be realized freely in it. Through “working” in the Domino World ecosystem to obtaine encouragement, form a “second life” similar to real life.
Contact us
Medium:https://medium.com/@Domino_GLOBAL
Reddit:https://www.reddit.com/user/Domino-network
Telegram：https://t.me/dominonetwork
Twitter:https://twitter.com/Domino_GLOBAL
E-mail:[dominonetwork@outlook.com](mailto:dominonetwork@outlook.com)
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