Crypto Wizards AMA With Kamari

Guests: George Kamari, Raymond Sze

Introduction

1. Could you Guys please provide a quick self-introduction for the community?

Ans- Hi, I’m George. One of the proud team members in Kamari at the forefront of introducing Kamari to Africa.

Hi I’m Ray and one of the co-founder s

I’ve been in online gaming for over 20 years and my last roles were as head of games at bitcoin.com

2. 2.Can you briefly introduce the project Kamari what are some of utlities of $KAMPAY ? How do you think you stand out among the competitors if there are any?

Ans- Kamari started due to pressing issues with cross border integration issues in Africa. Through my workings there. We found that the whole continent was not only lacking in products and services but also the ease of monetary integration for the masses.
We knew that for a project of this magnitude to succeed we needed to have a mass distribution model
Through my previous experiences we decided that the best way was to engage with the population of these territories via a product they know well and love
That’s why we have partnered with 7 national lotteries to provide the kamari wallet and encourage adoption in the jurisdictions
With this in mind we have brought on multiple partners to help grow this ecosystem rapidly. Including telcos. Defi banking solutions. E commerce platforms to name a few
Using Kamari. We are able to stabilise exchange rates with the different countries in the region and along with that have the ability to pool jackpots across Africa. Just like the American Powerball and EuroMillions some of you may be familiar with
In our launch country Cameroon alone, we are looking to engage 14m users within 6 months of launch
We are a project that believe that crypto usage is best served where we are addressing an issue for everyday use. A lot of the users will not even feel the crypto element. Just that we have provide a faster cheaper and more liquid user experience.
We are not in the planning stages. We have our licenses already and now ready to go full steam ahead
Hope that give the community a feel of what we’re about
We have developed our wallet with dok wallet which is already available on Googleplay and app store
Our first lottery will be launch 1st August
We also have an initiative on trial for 50000 through our partnership with African grain and seed to provide microfinancing to farmers
This project will expand after initial launch next month to over 1m users in Zimbabwe alone
It is a continent of over 1.4 BN individuals after all
We hope to not only make a difference to the speed of delivery but we will also be helping build the infrastructure that will help the continent grow and develop.

3. Can you share the achievements the team has made so far ? what are the major achievement target Kamari is yet to achieve . If possible also share your roadmap.

Ans- We have been lucky that our community has been active and loyal for some time now.
It is going from strength to strength with user engagement up since our announcement that we are now ready to list and kick on.
Our business model revolves around our ecosystem and providing products and services that are to be used every day.
We will not charge the user for the service but will focus on generating revenue from our commercial partners and services.
The more services we have on our ecosystem the more demand we will have for kampay the token.

We’re looking to launch our first lottery this summer in Cameroon with access 14m users our pilot program for 1m farmers starts next mon

4.Why did you name the project Kamari? How does it correlate with the idea of the project ?

Ans- Kamari is the world for gaming in Swahili

So being African based with the diversity in the region we chose Swahili.

There are over 500 native languages so it was difficult to choose but a lot are based on Swahili

So through our name and distribution through lotteries it appeared to fit in

5.Whats the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution

Ans- We have a limited supply of 1bn tokens which 2% will be available at launchpad for public

Our circulating market cap is under 1m with all team token locked for 12 months

We were also able to vest all our private round investors to make sure everyone is involved and benefit from the long term holding of kamari and kampay

We completed our 20% private round in under 1 week with oversubscription so we are super hyped with our imminent launch as anyone that hasn’t already invested will do so on the open market

Twitter Segment

Ans- The strength of Kamari is definitely that we are based upon a strong proven business model. Our weakness is Mr Elon Musk not keeping is opinion to himself.

I think we’re in good position as we are not a project that is proposing or thinking of doing something. We have gone out and achieved all our partnerships already. We have 7 countries ready to engage with a further 21 countries in discussion.

I think our biggest challenges are when the legal and regulatory changes effects each juristiction and how we manage to adapt to the crypto frameworks

The kamari teams have all had over 10 years experience working at all levels of society in the continent

Were confident we can deliver what we have setout in our plans and milestones

Ans- We have developed a marketing strategy which revolves around mass distribution for products and services that the public actually wants and uses ok a day to day basis

We are not reinventing the wheel. We are making changes to everyday life which will make it easier,faster and cheaper through the application of blockchain

We are also partnering up with other industries to improve internal and external infrastructures.

Lotteries gaming and payments are things that touch our lives daily and is how we look to encourage adoption.

Everything else that the public and our users want and need will be through trusted partners as we know we can’t do it all so why not bring the best of the best to join the kamari ecosystem

Ans- We never actually Stated that it would be a deflationary token. Or at least we haven’t announced it yet. So a clever question.
We have transactional fees of course and we also work with our lottery partners for the metrics

Ans- The reason for kamari inception was because of such fluctuations. Currencies in Africa can be as volatile as 15% daily. Causing issues with every walks of life and inflation pressures on the market. It is also true that cross border transfers and travel is very difficult. It is actually easier to get to Paris in most cases than the country you share a border with. It’s crazy

Agree. One of the major factors leading to the sufferings of Africa is the lack of transparency on many different levels.
With Kamari and through blockchain technology, we shall be able to solve many of the underlying issues.

We look to help trade and cross border transfer in the region and with our partnerships, we can look to present options for trade, purchases and services that will serve a nation

Ans- Were based on the BSC chain so it is tried and tested and our wallets and chain have been through the highest levels of security audits available. Were confident that we have more than adequate coverage for eventualities.

We can never be 100% and anyone who tells you otherwise would be lying

But we will always try our best and work to the highest international securities standards

Live Q&A

1.For product development, what all are you focused for future progress, can you share your biggest expectations from the project you are building right now? and what achievements are making and to be made?

Ans- We are highly focused on bringing more users to our ecosystem because we believe once onto our ecosystem, the users will be loyal to our products offering through our multiple partnerships. The bigger our user base and community the better and better our ecosystem becomes. It is a self fulfilling cycle

2. What is your short term and long term Marketcap you want to achieve?

Ans- We have a circulating market of under a million at launch. So lots of potential there for us to grow.
We aim for the sky’s of course but we need our community to back us. Many projects have failed when they are concerned with market caps and turnover. For us we are long term and look to generate value proposition to our users via masss adoption and variety of services and more counting on our services

3. How important is community for you? how does engage the community? is there some kind of community engagement program?

Thanks Sir💯

Ans- Of utmost important. The foundation of which Kamari was created was through the vision of a better and a more sustainable future for Africa.

4. Hello KAMARI,

-What is the strongest point in KAMARI that helps to attract investors in the project?

-What would you most like to do to advance this project?

Ans- I think we are highly positioned to maximise the potential of mass adoption in Africa because we are offering a seamless product that users will use and need on a daily basis.
We have products, services and entertainment all in one package and wallet.
The strongest point of succesful crypto projects is either a life changing product or the fact that you don’t know your using crypto. We have both. The fact that we have done the business side first and not raising on concept alone makes us uniquely placed to enter the market with a lot of momentum

5.When will Kamari be ready to work fully with the live site and other features? What is your team road map in 2021?

Ans- Hi. We’re ready to roll with our wallet post launch. We have a pilot program for micro lending to 50000 farmers within a month with a view to roll out to 1000000 by the end of the year.
Our lottery partner with a potential 14m users will be launched this summer and we have more new and exciting partnerships to announce over the coming weeks. We hope to cover every aspect of life for our users to make their lives easier faster and more rewarding.