AMA content review
💗 Host:Cyrus, Hotbit AMA Host
💗 Guest: Angel Versetti, Founder of Moon Rabbit
Cyrus: Let’s welcome Angel Versetti, Founder of Moon Rabbit @mchedgefund to introduce【Moon Rabbit / $AAA: Web3 conglomerate for parachain launch through crypto we seek immortality】to us in AMA. Thank you for being with us today. Let’s begin!
Could you introduce yourself to our community?
Angel Versetti: Sure, my name is Angel, I am Founder of Moon Rabbit. Previously in my career, I worked (from most recent to the oldest) in crypto (investments, launching businesses, mining), venture capital, United Nations, Bloomberg and Google. Even earlier I was an academic researcher on the questions of finance and technology
I have been within crypto for a decade now, my earliest activities were having fun playing with bitcoin, mining them when I played computer games. I initially did not take it seriously to be honest, it was something fun to play with. Over time, I started exploring what were the first altcoins back then, including the concept of colored coins. I was working at the United Nations back then, as project manager on investments in emerging technologies. So we started working on incubation of businesses using blockchain
I was lucky to come across Ethereum around 2015, before its ICO. This is when I transformed from miner/enthusiast to an active evangelist and business developer from crypto. Ethereum’s value proposition excited me. If I couldn’t’ immediately understand bitcoin, then I immediately understood the value proposition of distributed, censorship resistant computer. So I was lucky to be able to participate in Ethereum ICO
Following that I built several businesses in crypto. Smart Security Systems, SecuChip, Ambrosus (which I cofounded with Gavin Wood). And later on I opened a crypto hedge fund Versetti&Co. where we have been a big investor into coins like LUNA, AAVE, SYS, BAT, MLN, NMR, and UMA. We are always working as activist investor meaning that we build the coins and ecosystems we invest in. Most recently, last year, I assembled a group of crypto enthusiasts to bring Dogecoin back from the dead. we created a Dogecoin Foundation, launched a massive movement at dogetop5.com and doge.org and we became de facto the Chief Marketing group for Dogecoin, for many months we were building communities of celebrities and influencers. Our goal was to get Elon Musk to send Doge to space. We did not expect to achieve that mission but we actually did. After we accomplished our mission, we moved on to our next big project which is Moon Rabbit.
Cyrus: Can you tell us what should we expect from the NFT DAO for Moon Rabbit?
Angel Versetti: Ah yes, sure, you’re referring to the latest teaser announcement, I guess. We have not yet made an official detailed announcement about the details but I can give you some high level preview about it. As Moon Rabbit has launched an EVM, Ethereum-compatible Jurisdiction (blockchain) with no gas fees. We are actively working with teams of developers and entrepreneurs to launch the first dApps on our network and we have met a talented group of devs who specialize in DAO cooperatives. We have jointly created a DAO that will specifically focus on NFTs
The DAO will receive unique access features for minting and managing DAOs (+ 1 special function which is extremely interesting for growing the value of the NFTs). And access to DAO will be only for $AAA holders. There will also be a special exchange mechanisms enabled that will permit trading these NFTs and perform essentially DeFi functions with them. This will be exciting and the holders of $AAA will be the exclusive members of the NFT DAO
Cyrus: We have heard that you plan to launch EVM compatibility Jurisdiction for Moon Rabbit. Is it true? What will be the cryptocurrency in this network? What will be its features?
Angel Versetti: Indeed, as 99% of current applications, crypto infrastructure and Dapps are currently built on/for ethereum, most other chains that are successful are EVM compatible: BNB, SOL, AVAX, etc. so we have also launched a Jurisdiction that permits easy and seamless migration away from ethereum and at the same time offers a gas-free environment, where minimal fees are paid in AAA, making it thousands of times cheaper and faster than Ethereum
We intend to launch DEX, DeFi, NFT and DAO functionalities on that chain. And as for your question, whether there will be a new coin in this chain: the answer is yes. It will be AAA. There will be bridging between EVM Jurisdiction, Main-Net Moon Rabbit and Ethereum Main-Net, so AAA will have massive new usage and utility. We expect it to be locked in liquidity provision pairs, in DAOs and burned for minting NFTs
EVM compatible jurisdiction offers a lot of mechanisms for reducing supply, burning coins and creating other massive kinds of deflationary pressure. We also have some community members who received a pool of AAA coins for building on top of our network. so if there are any enthusiasts who can build on Ethereum and want to build on Moon Rabbit, or port Ethereum functionality to Moon Rabbit. We offer generous pools of AAA to build, typically we allocate budgets of 200–500k USD in AAA equivalent per year on a project with proper team of developers building on Moon Rabbit. So come build with us
Cyrus: We looked at your Main-Net hole.moonrabbit.com and it seems to have full functionality of Polkadot. Does this mean your network is also able to launch new Blockchains? Can polkadot protocols migrate to Moon Rabbit?
Angel Versetti: Yes, indeed, we have launched the same infrastructure and core as Polkadot. Many people consider Polkadot, with its marketcap of 40 billion dollars and each parachain costing several million dollars with massive waiting times, as too undemocratic, expensive and unachievable. Moon Rabbit is at the very beginning of its growth. So we are able to welcome new projects building on Substrate with us, we are able to take it projects who were rejected from Parachain auctions and we are happy to accelerate new protocols natively built on Moon Rabbit. If you know Rust, Substrate, Web3 or solidity — build with us. Our backing funds, Metachain, Goldsworth Capital, Dogecoin Foundation and many other partners are able to invest a seed round to emerging protocols on Moon Rabbit
And indeed we can offer launch of any new blockchain, protocol, coin, pallets or DeFi primitives at 1/100 cost of Polkadot. For early projects there are generous bounty pools of AAA available, permitting them to get financial resources to build on our network. Our tech team is happy to support them as well
Cyrus: Is it true that Gavin Wood was your cofounder in your previous startup and that you worked alongside top of Polkadot team for many years? Is that why Moon Rabbit is on substrate?
Angel Versetti: Yes, indeed. Gavin Wood, Ethereum’s former CTO/cofounder and founder of Polkadot and web3, was also my cofounder in Ambrosus, my previous startup. Ambrosus launched on a 500k seed and ultimately provided exits to participants of 1200x. I believe the sound technical foundations that I managed to build with Gavin and the rest of Parity team (who are mostly behind Polkadot) — this experience was invaluable to build web3 and substrate
As we worked with Gavin and his team for a long time afterwards, we developed a lot of concepts, crypto economic features and blockchain architecture, those were exciting workshops where our dev teams were working alongside Gavin’s devs. We have many innovative solutions and proposals — I understand many of them became core of Polkadot’s architecture and crypto economics. This is why our team has rolled out Moon Rabbit using Polkadot core. We are offering to Polkadot what Binance Smart Chain and Solana offer to Ethereum, a cheaper, accessible and community-friendly alternative
We know Substrate very well and I worked with Gavin’s team for years. So we have first-hand experience in development of Substrate and Rust. So I believe in Substrate’s amazing potential to be the future of Crypto. And Moon Rabbit has a pole position in that race. I am excited for the future
Cyrus: A projects success can be measured by the number of vacancies. Are you currently hiring for any positions?
Angel Versetti: Absolutely! We are growing so fast, we have new vacancies emerging almost every day! We are hiring for all sorts of roles: We need Team Leads / CTOs, Product Owners and Blockchain Engineers for our tech team; we need Business Developers, Partnership Managers, Operational Managers and Admins/Secretaries for our business team; we need Head of Marketing, Technical Writer and Regional Community Managers and representatives for our communications team.
We welcome people from all over the world. We are highly distributed and we offer great conditions and bonuses for performance. We have now multiple projects in our ecosystem in development, many of them needing new team members. Any great entrepreneurs, communications and developers are always welcome to apply to Moon Rabbit. Being at the beginning of such a project offers great opportunities for growth and wealth to new team members! Welcome!
Cyrus: Now we move to the last segment of the AMA session public Q&A, Now let’s invite @mchedgefund to pick some good questions to answer.
@Diana840: Southeast Asia is a very vibrant market and many project developed here so what do you think about Southeast Asia and do you have any plan to develop here?
Angel Versetti: I believe South East Asia (ASEAN) has a massive potential for growth for the next few decades. It’s not a secret that several of the highest growth economies for the 20s and 30s are expected to be SE Asian countries. I used to live and work in Bangkok, at the Trade and Investment Division of the United Nations, and my specialization was trade and investment in ASEAN. I am therefore well aware of the massive potential of those countries. Moon Rabbit is actively developing its business and presence in Asia (which you can see from the branding identity of our website, and also in the fact that we have multiple languages of South East Asia supported). I am therefore very excited about the growth potential for Moon Rabbit in the region and welcome more partnerships there.
@haha45678: What is the most ambitious goal of your project? What is the ultimate vision that your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
Angel Versetti: Besides the low level plans to conquer the crypto markets by taking a share of Layer0 and Layer1 blockchains (which is cross chain communication and general purpose blockchain), I am very excited about our flagship project, Longevity DAO which is offering crypto and web3 tools to the global Longevity industry. By 2030, biotech is expected to be several trillion dollars’ worth and right now the trend is just beginning. I am excited to see what new projects Longevity DAO will accelerate on Moon Rabbit and how we can build the new industry
@Bgtk56: Who are your main competitors? Aside from not charging fees for getting listed what else sets your project apart from your main competitors?
Angel Versetti: Cross Chain composability is an interesting aspect of Moon Rabbit I would like to highlight. Moon Rabbit is not a blockchain, it’s a Metachain, it means it’s a network connecting a huge number of different blockchains together and serving as the hub responsible for communications of tokens or data between the chains. I strongly believe this is where the future of crypto lies. Cross Chain communications is the web3. Each blockchain will be akin to a fintech app or a database, while Moon Rabbit aims to be the connecting protocol for them all
@sumiy_a: Are your team planning to launch an LP reward program in the future, which will also be followed by the bug bounty program??Are your team planning to launch an LP reward program in the future, which will also be followed by the bug bounty program?
Angel Versetti: we already gave an ongoing bounty program for LPs and market makers offering great rewards in AAA to them. Once EVM Jurisdiction launches, we will also offer farming opportunities there rewarding active LPs in AAA
@Gu_mur1: I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, do you have plans for HACKATHON so as to check the security of your ecosystem periodically and also invite developers to build?
Angel Versetti: Our dev team is constantly working with white hat hackers and running various bug bounties. They will gladly work with you and offer you great bounties if you help them meaningfully test and improve our main-net or any of its components or auxiliaries
@firespirit44: As we know many new projects make a good impression at first but are suddenly abandoned. How will you manage projects and tokens to gain a place in the market and become the best token in the cryptocurrency world?
Angel Versetti: Moon Rabbit at present has sufficient funding to continue operating for 5 more years. Our backer funds are now solely investing into new crypto startups launching on Moon Rabbit, not on any other chains
@BCON999000: What is your token advantage that can convince me to change from my favorite token?
Angel Versetti: We have a generous multi-tier delegated proof of stake framework: you can stake easily, without transferring your AAA away from your wallet, you have multiple time options to lock your tokens, and you get better rewards for providing long-term security for the network, you can get massive APYs from the long-term temples. Besides that there are constantly new use-cases and deflationary mechanisms coming within our network, making sure our digital economy is offering the most interesting opportunities to the earliest participants
@vaivai2r: Please tell me, how can I buy your tokens right now? And which wallet support your token?
Angel Versetti: Currently, Moon Rabbit is supported by Hotbit (of course) as well as Probit, Bithumb Global and Uniswap + 1inch. I am hearing from our partners that a couple more listings are imminent over the next couple of weeks. I think the community will communicate that pretty promptly. Establishing recognition for our project is important. There are also negotiations ongoing with several tier1 market makers who have working relationships established with Huobi and Binance. I think that’s an interesting development too. For our Main-net wallet we are supported by Moon Rabbit wallet and I understand that Polkadot’s wallets, if connected to Moon Rabbit, also support AAA. For our ERC20, any ethereum wallets such as Metamask, MyEtherWallet, Ledger should be fine, just double check that you can add custom tokens
@LOVETHEWHITE: So many projects just like to speak about the “long term vision and mission” but what are your short terms objectives? What are you focusing right now?
Angel Versetti: relentless expansion within the crypto world, getting integrated into wallets, exchanges, defi vaults, information dashboards, indices and infrastructure initiatives. The more robust our digital economy becomes, the stronger will be the foundations for us to achieve our long-term mission
@ilvhanoi: Please tell us more about Moon Rabbit Token! What utilities does the token have, and what benefits will tokens holders get?
Angel Versetti: we have multiple utilities in-built for AAA, such as transaction fee mechanism, staking mechanism, DAO governance tool and payment token. Additionally, within our upcoming EVM Compatible chain AAA get additional functions and features similar to the applications that ETH has on Ethereum Main-net
Cyrus: Thank you. The above is all for today’s AMA. If you want to know more about Moon Rabbit or have more questions about Moon Rabbit, please check
Moon Rabbit’s website and community links can be found here.
Official Website: https://moonrabbit.com/