Stephanie (BSC.News)

Hello everyone and welcome to the AMA with IllumiShare! Today we have @Ben_illumiShare_SRG joining us to talk about their exciting new project. Great to have you here :)

Ben

Hello everyone!

I'm excited to be here today.

Stephanie (BSC.News)

Welcome! Without further due, we will jump right into the questions. Sounds good with you?

Ben

Of course

Stephanie (BSC.News)

Great, so to kick things off, for those who may be unfamiliar...\

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1. Please introduce yourself and the team behind IllumiShare.

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Ben

My name is Ben Sharon the CEO and Co Founder of IllumiShare SRG - the Founders with me are Max Gomberg the CMO and Ofer Chen the CFO.

And Of course His Highness Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan from the Royal Family of Abu Dhabi.

Our team consists of the top experts from the Blockchain, the Fintech and Global Banking industries

Like an example:

• Dalip Tyagi - Senior Vice President of Polygon, he was the Head of Marketing and Director of Alexa ai project in Amazon and was the Director of Facebook as well.
• Jason Tay - the Ex-Vice-president of JP Morgan, right now he is the main consultant of the CBDC project in Singapore.

• David Munoz - Former Global Head of Credit Strategy & Global Head of Macroeconomic Strategy at BlackRock.
• Former Vice President at Credit Suisse. Former Chief Executive Officer and Founder at Fast Bank (Digital Bank).
• Les Male - Chief Executive Officer of Dubai Gold & Commodities Exchange. Former MD Sales, Commodities Europe at Nasdaq. Former Member of External Advisory Council, Skyline University.
• Apoorva Bajaj - IIT, IIM, Gold Medallist, CFA Charterholder with 10+ years in Goldman Sachs, D.E. Shaw and J.P. Morgan. Held senior position in the Digital Assets Department. Avid Crypto investor & Blockchain technology consultant. Awarded by Polygon & Cardano Blockchain.

Currently we have more than 170 team members and our Ambassadors program with more than 120 Ambassadors from 50 countries around the globe.

Stephanie (BSC.News)

Awesome! Thank you for that amazing introduction, sounds like you have an amazing team behind you

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2. What is IllumiShare and what are you trying to accomplish with your platform?

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Ben

IllumiShare SRG is the first Trust Token that backed up 3 uncorrelated assets -

The first asset is physical Gold which will be kept in Abu Dhabi Bank in a transparent manner including live broadcast 24/7 including providing certificates of the quality and quantity of the gold - beyond that we will use the gold as a reserve only when the marketcap will drop down in a certain percentage which will play our algorithms.

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The second asset is Cash money - we built a recovery fund that built on the margins between the gold market price and our price - because our investors are big players in the gold industry, they own mines and refineries so we have our own prices - we will keep the margins between them in cash and we will use it to backup the backup.

The third asset is Technology - Using mathmathichans, economy experts and algorithmists we built an auto burn mechanism that means that we will burn a certain percentage from the maximum token supply in target to stabilize the price and as we saw on our simulations it will raise the price up.

It is very important to mention that we are not a "Stable Coin",

We believe money should give the people both stability & opportunities. That's why we defined a new category in the crypto sphere we called it Trust Token. We created a floor price that will be correlated with the all-time high, but our upper limit price is unlimited.

*The main application* of IllumiShare SRG is a unique assets backed NFT marketplace.

I’m sure that you heard about Open Sea - the biggest NFT marketplace in the world, that just announced 3 months ago that more than 90% of the NFTs are scams, are frauds. We built an anti-fraud system that will cross-examine every social media creator profile with the claimer who claim to be the creator, if there is no sync,  it will decline the request of the upload to IllumiShare's Marketplace platform.

Another part is the no-code module,

The no-code module means that everyone can generate their own NFT collection without using any single line of code.

We are going to focus on 4 unique categories,

But before I elaborate about it, I want to clarify that we are just the platform.

Let’s take an example from Uber and Airbnb,

Uber don’t own any taxi and Airbnb don’t own any apartment.

They are connecting between A party to B party and they are in the middle including the compliance and the management,

We will be only the platform in the middle with the compliance and the management.

The first category is

Real Estate - we are already in negotiations with some of the biggest real estate companies, right now specifically from UAE, Europe, and Africa.

Each of the Real Estate certified companies will have the ability to tokenize their physical assets, and for example, they can take one apartment, or one office and split it into 100 or 200 different NFTs and sell pieces of apartment and pieces of office to people that can invest only $5,000 or $10,000 in the real estate industry With full transparency.

The second and third categories are Gold and Diamonds, the Gold and Diamonds are splited to two different channels, the first channel is to be an alternative to the regular certificates as we know them right now. Right now, GIA and Brinks are the biggest, we are aiming to be an easy alternative using the NFTs and with full transparency.

The second channel is only for certified mines, right now it takes to the mine’s owners up to 3 or 5 years until they take out the resources from the ground. Until then, they need to pay employees, they need to pay all around, and the banks and the financial institutions are super tough with them, because of their demand for at least 40 or 45% of their predicted revenues. We will give them the opportunity to tokenize their potential assets using our platform and by that to easily fundraising, they must share some percentage of the revenues with full transparency witg NFT investors.

The third category is Agriculture - we will be only the platform, and we will work only with certified companies, and certified farmers, which will have the ability to tokenize their plants with full transparency which will give them the opportunity to easily fundraise including sharing their revenues with the NFT investors. All the trades in this platform will be exclusive with a $SRG token.

Stephanie (BSC.News)

Okay wow thank you for all that information! I like how you raised example with Uber and Airbnb. Let's unpack a bit as there was a lot I wanted to touch on. So first let's talk about your token

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3. Can you tell us more about $SRG token?

a. Utilities

b. Tokenomics

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Ben

Sure. The utilities are:

1. SRG Pay - The real-life value means that we believe people will have the ability to buy milk, bread, vacations, house car, and NFT’s in the metaverse from the virtual and the real world, using our token without any swap process. We have already signed with some interesting brands including Education entities, financial institutions, Crypto Bank, Mega Yachts Ship Yard, Gaming companies, etc - they will add our token as an additional payment method in the near future after we finish developing our payment getaway.

2.Governance Voting - using the token iside the DAO Donation plan & Wealth fund.

3. All the trades in our NFT Marketplace will be exclusively with $SRG token.

90% of Founders & Management Team tokens locked for the first 2 years; 70% locked for 3rd year; 50% locked for 4th year; and 40% locked for the 5th year.

Stephanie (BSC.News)

Okay neat, so to dive even deeper into that

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4. Why do you think IllumiShare SRG token is more stable than other tokens? What makes your token more unique?

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Ben

IllumiShare SRG is NOT a “Stable Coin”.

We are creating stablity for the floor price that will be always correlated with the all time high, in addition we are setting a new transparency standard

Stephanie (BSC.News)

Thank you for clarifying the point again!

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5. How does staking work on your platform? How do you ensure your claimed APY up to 18%?

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Ben

The SRG staking mechanism operates as follows:

• Users stake their tokens on the smart contract of the SRG Liquidity Pool.

• Selects the stake's expiration times/duration (1month -1Year).

• The contract then verifies if there are sufficient funds in the staking pool to pay APYs to a particular user.

• If there are funds in the pool, the smart contract will deduct the stakes from the account. The coin is locked until the stake's specified time expires.

•  IllumiShare SRG will never utilize any staked Tokens.

Note: The stake of the Stake is built hourly so that it receives a reward for the amount of time it was staked hourly, a certain percentage of the total amount.

In addition, it is possible to create multiple Stakes in parallel for the same user with varying rewards and durations.

Staking Calculator

The minimum duration of a stake is 30 days, with an initial APY of 6%, on daily growth of 0.0328358 until it reaches 18% APY for 365 days of staking.

Stephanie (BSC.News)

Awesome! So let's actually talk about IllumiShare DAO Donation and Wealth Fund because they are something that I found to be really interesting

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6. Please tell us more about IllumiShare DAO Donation and Wealth Fund

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Ben

The DAO donation plan - we allocated 5% of the maximum token supply.

We believe in the quote -

"Give the man a fish, and you feed him once, teach a man how to fish, and you feed him for life."

That’s why we chose seven subjects that are close to our hearts, and for each of the subjects, we will create a unique token that will act like a crowdfunding in target to create a sustainable economy and not a one-time donation. Beyond that, we will give the opportunity to our community members to vote using the token and to choose another 8 subjects that we will donate in the same manner.

The DAO wealth fund - we allocated 1% of the maximum token supply, we will hire a Blockchain analysts, they will make researches on the blockchain sphere in target to locate interesting projects, and we will allow our community members to vote and choose which project we will invest and which project we will not invest, equally 1-1 ratio.

Stephanie (BSC.News)

Sounds good!

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7. Is everything on your platform audited? How can users be assured that their funds are safe?

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Ben

First of all, IllumiShare SRG is all about Transparency.

Our team is fully doxed,

Our smart contract has been audited by Cyberscope and we are planning to make another audit with Certik soon.

The Gold safe will be broadcasted 24/7 and we will get certificates of the quality and the quantity of the gold once every month.

Stephanie (BSC.News)

Do you guys have any audit links to share?

Ben

Follow our social media, we will share it soon.

Stay tuned.

Stephanie (BSC.News)

Great!

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8. Where are you on your roadmap? What are you aiming to achieve by Q1 next year?

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Ben

Currently we are focusing on the pre-sale which will take place on November 23rd via our website.

And our development team are working hard to release the MVP version of our NFT marketplace in few weeks from now.

Regarding our plans for the Q1 of the next year, we are aiming to be listed on Top exchanges, releasing our NFT Marketplace including Real-estate & Agriculture categories.

In addition, we are aiming to launch the First Donation from our DAO Donation plan.

Stephanie (BSC.News)

Brilliant, thank you! Lots to look forward to.  Last but not least...

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9. Any exciting news you would like to announce here today?

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Ben

Entrepreneur Magazine chose us as the Most Innovative Blockchain Eco-system of the year.

We’ve got commercial licenses for Cryptocurrency and Payment services from the Abu-Dhabi authorities.

Our core team recently moved to the UAE and established our headquarters here.

Our pre-sale will take place on November 23 and we will host a huge event in Dubai with key persons from the Government and The Blockchain industry one day before the public pre-sale.

Last Gold List spots left! The IllumiShare SRG Gold List will give you the option of buying $SRG  

on 22nd November - 24hrs before everyone else.

It's a golden opportunity to get in before the rush!

Stay tuned and follow our announcements because there is a lot more to come

Stephanie (BSC.News)

It's definitely some exciting stuff!

Can our community refer to this link below for your social media or do you have any other links to share?

Ben

This is the link.  Thank you very much to you and everyone!

Stephanie (BSC.News)

Great! Make sure that you guys go and check out IllumiShare! Their platform offers you exposure to the best projects on BSC all while rewarding you for using their innovative ecosystem!

Ben

We are running a huge giveaway and this is a huge opportunity to win 1,000$ + Iphone 14 + 22,222 SRG tokens.

👉

👉

Stephanie (BSC.News)

Thank you so much for coming out to talk about your projects and sharing with our community

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