Our current partner is the Proof-of-Apes team and going forward we are advising them on pushing green initiatives.
MaticNews x TheCongoToken AMA Recap and Transcript
MaticNews: Let's start with an introduction of you and your team! What past experiences you all have got if any?
TheCongoToken: My name is King Julian. I've been trading and working on backend developments for Defi projects since late 2020.
I have a good understanding of what makes a project successful and have worked with many fantastic developers and marketers/influencers along my journey in crypto. But, most importantly, I'm a climate change advocate.
I believe our world is large enough for all life to live together efficiently, and I feel human innovation is creative and powerful enough to sustain a habitable planet for all of us.
MaticNews: Out of curiosity, why did you choose this name, is there any background story?
TheCongoToken: $CONGO is quite obviously named after the Congo Rainforest but the Congo Rainforest is the second-largest rainforest in the world, where many apes reside among all sorts of other wildlife.
I love our rainforests. It's just as mysterious to me as the oceans; some parts of the rainforest are so dense they've never been seen by humans. Plus, we love the ape narrative, so it's fitting for our vision to be a part of a community of apes who can help our fellow apes in the Congo Rainforest.
Lastly, not only is the Proof-of-Apes blockchain eco-friendly, but the developers and the team share a similar vision which was the deciding factor in launching $CONGO on their blockchain. #SaveTheJungle
MaticNews: What is https://congotoken.org? Please introduce the project us!
TheCongoToken: https://www.congotoken.org/ is our website and our Dapp is presently active for staking the $CONGO token in the Jungle Farm.
The Congo Rainforest is an incredibly diverse ecosystem that we hope to emulate on-chain through partnerships, but right now, the main purpose of $CONGO is to raise funding and awareness of the issues that are taking place in the Congo Rainforest and negatively contributing to climate change such as the destruction of wildlife habitats, deforestation, and illegal logging.
MaticNews: On what chain is the project currently available and do you have plans to expand to new ones?
TheCongoToken: The $CONGO token is only available on the Proof-of-Apes network and there are currently no plans to expand to any other chain. We are especially supportive of the Proof-of-Apes network due to their green initiatives, fast speed and low cost transactions.
MaticNews: What is your mission and your vision?
TheCongoToken: Our goal is to create an active community of apes hell-bent on positively impacting our world and encouraging discussions on climate change issues.
Ultimately we plan to donate funds towards organizations that we, as a community, feel our money will have the most impact on because giving is truly a beautiful feeling. Since we're in a bearish doom and gloom market where every day it seems the sky is falling, we hope the $CONGO community can be the positive offset where we can say we've done something good, and not just for ourselves but for everybody in and outside of the crypto realm.
https://t.me/congosavethejungle you can drop in anytime and join the community!
MaticNews: Talking about your core, what use cases does your token have?
TheCongoToken: At the moment, right now, the use-case is simply a tradable asset used as a medium to raise donation funds through transaction fees.
While that may not seem like much at the moment, imagine when POA is widely adopted as a pro-climate blockchain. The narrative is there, as the PoA team has mentioned a few times in the past for pro-climate advancements, we agree with that vision.
We all know crypto is the finance of the future, and we're close to perfecting it(excluding centralized exchanges), so now that we have built a solution to money, imagine when we put all of our focus on building a more eco-efficient world. We can and are doing this.
MaticNews: Which dex will you use for liquidity? Is there any slippage recommended?
TheCongoToken: We will use the Proof-of-Apes swap at https://swap.proofofapes.com/#/swap and we recommend a 5% slippage to accommodate the transaction fees for the token. The fees will go to a charity chosen by the community, so just by participating in buying or selling will help contribute to something bigger than crypto or finance in general.
MaticNews: How can we join your ecosystem? In which phase of the project are we right now?
TheCongoToken: Right now we’re in the beginning stages of the project, but since the macro market is nearing the bottom we’re optimistic for steady gradual growth from here on out in the next few months.
MaticNews: Let’s talk about the tokenomics! Please tell us about yours and about why did you chose this model?
1,000,000 Total Supply
40% $CONGO/POA Staking Pool
10% Congo Rainforest Foundation
5% Fees/Tax Breakdown:
4% LP + 1% Rainforest Fund
The $CONGO token is also deflationary and so far 2.3% of supply has been burned from existence. Most importantly, the goal of this project is to raise funding and awareness of pro-climate, wildlife, and forestation issues surrounding the Congo Rainforest.
The 4% to LP is in place for those staking, we want our liquidity pools as strong as possible so that apes get more out of their long term investments in $CONGO. Even beyond the donation funds, I'd like our community to teach and incorporate other ways we can help our environment.
MaticNews: Furthermore, how is the revenue being generated for the project itself which can be used to finance future developments?
TheCongoToken: We will be applying to as many green initiative grants as we can for additional financing but even without the grants, protocol taxes will make LP to finance our future.
MaticNews: Talking about the security side, the Clichè question that we ask in all AMAs, are there any KYC or audit planned?
TheCongoToken: Audits? Yes. We’ve chosen our audit company and we’re in process of completing. Trust is hard to come by in cryptocurrency, so anything simple as an audit to instill trust among the community, why not?
MaticNews: Which are the current partners and the marketing strategy to attract a good amount of users?
TheCongoToken: Our current partner is the Proof-of-Apes team and going forward we are advising them on pushing green initiatives and we also have our liquidity locked through Short-term marketing strategies include social media outreach, community, and Congo Rainforest-related non-profit organization support.
Long-term, we'd push for mainstream news advertisements and then leverage for KOLs support. Depending on the token's success, mainstream new articles could be short-term as we have access to it. Still, it depends on the particular success of what we're trying to accomplish, and as we see often, these can take time to develop.
MaticNews: Last, but not least, what do you think about the current market moment?
TheCongoToken: The current market? Looks great! I don’t see anything wrong with it?!....
Just kidding, yea right now the market is a real blood bath, and much respect to all those still building, like the Proof-of-Apes network. Bear markets can expose the fakers from the makers. The solid foundations made now will be skyscrapers we’ll see in the next bull run. So again, shoutout to those in crypto still building. What we’re building with $CONGO is a foundation aimed at protecting our rainforests, apes, and the planet. It won’t happen overnight, but through these market moments of darkness we can be a glimpse of light, and something positive to look forward to. We’re all aware of the recent news regarding centralized exchanges and in reality that set us all back, but it's not over, it's just a new beginning. A new beginning with more innovation, more dependability and ultimately more adoption.
MaticNews: Thank you for joining us!
TheCongoToken: Thank you for having us, this was cool!
Nov 23, 2022