[Announcement] Advanced Project’s AMA Recap
🚀 **Advanced Project AMA Recap** 🚀
A huge thank you to our community for your incredible participation and support in the **Advanced Project AMA** held on March 15th (UTC)! During the session, our CEO **Ashiek Anandhaw** and CMO **Randy** shared in-depth insights about the **vision and roadmap** of Advanced Project, as well as the future of the **TIER platform** and **AUC ecosystem**.
Additionally, those whose questions were selected will receive an **AUC token airdrop**! Winners will be notified individually, so please check your email for further details.
Check out the key highlights from the AMA below! ⬇️
1. Could you briefly introduce yourself?
➡️ Hi, I’m Ashiek Anandhaw. As the CEO of Ennova Holdings, we are leveraging blockchain technology to revolutionize financial services and provide innovative digital financial solutions to the unbanked and diaspora communities. With a deep understanding and passion for computer science and crypto, I am dedicated to promoting financial inclusion and empowering the underserved through blockchain technology. Leading Ennova Holdings, I am driving innovative ideas with my team to achieve our goals. It is my calling to drive positive change through blockchain technology, and to be dedicated to revolutionizing the financial sector.”
2. Could you elaborate on the Advanced Project Ecosystem? And what are your key markets?
➡️ Advanced Project is a payment and remittance service that combines next-generation technologies of blockchain, big data, and AI for the financially underprivileged in Africa and Southeast Asia with the goal to connect regulated financial services with the blockchain world, bridging Web 2.0 and Web 3.0 to create seamless, secure, and efficient financial solutions.
Our primary focus is integrating blockchain and digital assets into cross-border remittances and everyday payments, especially for the global unbanked population. By offering innovative payment and remittance services, along with public system payment solutions, we empower individuals with limited access to traditional banking to leverage digital assets for fast, secure, and cost-effective transactions.
To enhance our ecosystem and increase token utility, Advanced Project has also developed multiple Web 3.0 applications, driving global adoption and expanding financial inclusivity.
Our initial key markets are Africa and Southeast Asia and going global. As you know, there are a lot of people in Africa who can’t use the existing financial system because they don’t have ID cards. We will start with Africa and then expand our ecosystem to Southeast Asia such as Vietnam, Thailand, Myanmar, and then to all around the world.
3. So we hear AUC token is the key utility token within the Advanced Project ecosystem. Could you tell us a bit more about the token and its utility?
➡️ The AUC Token is used as a key utility token within the Advanced Project ecosystem and is used for real-time payments, remittances, loans, and fee payments in AUC Web 2.0, and used for rewards and staking in AUC Web 3.0.
Acquisition and utilization of AUC tokens are as follows.
- Payments and Remittances: Used as a means of cross-border remittances and payments on TIER, Advanced Project’s Web 2.0 core service.
- Reward: A means of rewarding users of payment and remittance services and event participation through stores or platforms negotiated with the Advanced Project’s TIER, Advanced Project’s Web 2.0 core service. Also, as a means of rewarding by participating on AUC T2E and Staking, Advanced Project’s Web 3.0 core service.
- Fees: Used as various fees (remittances, service subscriptions, etc.) on the AUC Ecosystem Service Platform
- Participation: Benefits through staking
4. I’m sure the audience must be curious to know what sets the Advanced Project apart from other projects in the blockchain space?
➡️ I recognize that there are some blockchain projects similar to ours. Of course, there are great projects out there, but our strengths are as follows.
With more than 20 years of experience in providing SI business and public blockchain systems in the African region and a strong human infrastructure, Advanced Project is currently engaged in national-level digital transformation projects with governments in African countries. This is because the Advanced project team has a very good understanding of the digital payment and digital asset markets, and the blockchain technology comprising the AUC ecosystem is optimized for cross-border payments and remittances, so we are currently proposing and applying national standard blockchain systems to digital transformation projects in each African country.
This gives us easy access to government and public sector blockchain projects that others don’t have access to, and we’ve already partnered with banks and financial institutions in Africa, so we can get projects moving quickly and seamlessly in both the private and public sectors. All while complying with the regulations of the South African government, of course.
5. Can you explain how AUC Financial Service is structured to support financial inclusivity?
➡️ Certainly. We have separated the AUC Financial Service into two distinct categories: Web 2.0 and Web 3.0. The Web 2.0 Service, through the TIER app, focuses on digital payment and remittance solutions, identity verification, and big data analytics, specifically catering to financially underserved users in Africa and Southeast Asia. On the Web3 side, we leverage blockchain innovations such as the AUC Bridge, which enables seamless cross-chain token transfers using LayerZero technology. Additionally, we provide staking opportunities and Tap-to-Earn (T2E) gaming to drive user engagement and offer DeFi benefits. This dual approach allows us to integrate traditional financial solutions with decentralized finance, ensuring greater accessibility and financial inclusion for a global audience.
6. How do you manage the distribution volume of AUC token?
➡️ We recognize that the distribution volume secures the reliability of the project, and we consider it very important. Currently, AUC tokens have a consignment contract with KODA, KODA, a Korean-based digital asset custody offering, in South Korea, so the foundation cannot move the AUC token arbitrarily, and the foundation’s official unlock schedule document must be confirmed to move it.
Also, when there is a change in distribution volume, we immediately notify our official Medium blog and website, and we always care about transparent distribution management to holders, considering the use of additional solutions such as Xangle’s ERP platform in the future.
7. Do you have any investment from VCs?
➡️ Yes, On March 26, 2021, Advanced Project completed a seed round of 25 million South African Rand (approximately $1.3 million) from South African investment firm Sakhumnotho Group Holdings. You may not be familiar with it, but Sakhumnotho Group is one of the largest investment groups in South Africa, with extensive investments mainly in financial services and in mining, real estate, renewables, and telecommunications. Now we are in discussions with iCapital Group in South Africa about series funding.
8. It seems like Advanced Project’s has adopted multiple chains, can you please explain this to our audience?
➡️ Yes, AUC is omnichained from Ethereum to Avalanche and Base, bringing users from different blockchain ecosystems into the AUC ecosystem. Ethereum Chain focuses on CEX listings and liquidity provision. Avalanche Chain specializes in decentralized finance. Lastly, Base Chain which is Ethereum’s L2 chain is utilized as a means of rewards on Web 3.0 platforms such as T2E and Staking. Each chain holds the same value and to change from one network to another, holders must use ‘AUC Bridge’ platform. ‘AUC Bridge’ is a cross-chain solution designed to expand the Ethereum-based AUC governance token to other chains. The bridge utilizes LayerZero technology to enable seamless transfers between AUC(Ethereum chain), AUCB (Base chain), and AUCA (Avalanche chain) tokens.
Each chain has different explorers so I will leave the link below.
- AUC(Ethereum Chain)
https://etherscan.io/token/0x87a92428bbc876d463c21c8e51b903f127d9a9f4
- AUC(Base Chain)
https://basescan.org/token/0x1584B02D095a4B1b9a11a4049193d155B4F75454
- AUC(Avalanche Chain)
https://snowscan.xyz/token/0x1584b02d095a4b1b9a11a4049193d155b4f75454\
9. Can you explain to us more about each AUC Web 3.0 platforms?
➡️ Yes, The Advanced Project has launched several WEB 3.0 applications to boost token value and expand the ecosystem globally. These includes
1. “Tap to Earn” Telegram Game, “Tap to Earn” Telegram Game, which allows users to earn AUCB Token while enjoying games and activities on Telegram based T2E.
🔗 https://t.me/rhino_clicker_bot/game?startapp=kentId497164947
2. “Staking App” where users can mine AUCB tokens based on the staking period and the number of tokens staked.
🔗 https://auc-bridge.vercel.app/staking
3. “Bridge App” that we have adopted LayerZero’s bridge technology that enables token transfers and expansion across multiple blockchain networks. This will allow users to interact with various networks freely, maximizing the value of AUC across a broader digital asset ecosystem. Currently along with our original erc20 network AUC Token, we have adopted Avalanche based AUC which will be utilized as payment and remittance service, and Base based AUC which will be utilized as rewards on staking & gaming services.
🔗 https://auc-bridge.vercel.app/
4. “AUC Tracker” which allows holders to see the updated Token info at a glance.
🔗 https://auc-tracker-2xft.vercel.app/
10. Lastly, is there anything else you want to say to the audience?
➡️ On behalf of the Advanced Project team, I want to express my deepest gratitude to our community, supporters, and partners. Your trust and belief in our vision of bridging Web 2.0 and Web 3.0 financial solutions inspire us to push boundaries every day. Together, we are building a more inclusive and innovative digital future. Thank you for being part of this journey with us! We will keep on moving forward and keep you updated through our channels with progressive and positive news! Thank you very much today for lending everyone’s precious time😊
