AMA Recap: Tlabs
Tlabs AMA on June
@Ms. Cheeky Sixteen is the host. Kuroda and CL is the guest speaker.
Introduction
Tlabs overview
Tlabs is a Tokyo-based NFT incubator. Tlabs has NFT curatorial experience and is currently working with 500 artists in Japan, American and Japanese well-known anime IP, celebrity agency CAA, and other important resources. It will create an artist-centered NFT incubator platform to bring more NFT projects worthy of investment to users.
TOKAU is acquired by Tlabs recently. This AMA revealed the new direction after the acquisition.
Part I — Voice AMA section
HOST@Ms. Cheeky Sixteen
Welcome everyone to another exclusive session in our community! Today, we are joined by our new CEO, @tlabs_hiroto and @Crystal_Tlabs the marketing manager of TLabs. Now let’s welcome our CEO Kuroda and Crystal to speak with us today.
CL_Tlabs_Mkt
Hello everyone! Happy to be here!
Ms. Cheeky Sixteen, [Jun 6, 2022 20:07:34]:
Glad to have you here. 😊
The new CEO, Kuroda, is a Japanese who is majoring in Art and has a designer background. He used to study abroad to absorb different art cultures. His creations are bought out by famous collectors. After back to Japan, he found that many talented Japanese artists were interested in NFT industry but lack of related support. Given that, he decided to join the NFT industry and bring artist creation to a higher place.
CL — Marketing and Communication, expertise in digital marketing and data analytics. Graduated from the Film faculty and worked in the PR and media industry for over 9 yrs. Familiar with Hong Kong and Singapore market trends. From Hong Kong and now based in Tokyo.
So, Without further ado, shall we start our AMA session with our introduction segment?
Great! Now, Let’s head to our first question for starters.
#1 — What is TLabs?
HIROTO KURODA:https://t.me/tlabs_TOKAU/203489
CL_Tlabs_Mkt:https://t.me/tlabs_TOKAU/203490
Text Recap
Tlabs is a Tokyo-based NFT incubator that provides a one-stop NFT solution for Japanese artists.
Ms. Cheeky Sixteen, [Jun 6, 2022 20:11:54]:
Impressive
#2 — The reason for the delay in disclosing the identity of Tlabs and all
HIROTO KURODA:https://t.me/tlabs_TOKAU/203495
https://t.me/tlabs_TOKAU/203496
https://t.me/tlabs_TOKAU/203497
CL_Tlabs_Mkt:https://t.me/tlabs_TOKAU/203501
https://t.me/tlabs_TOKAU/203502
https://t.me/tlabs_TOKAU/203506
https://t.me/tlabs_TOKAU/203507
Text Recap
Tlabs in fact received multiple investments from several corporations, but investors were at first in conflict over MetaCity’s product positioning, the product launch cycle, and whether it should continue using celebrities only as the main focus. The acquisition of TLabs was highly contentious from the very beginning, and it took more time than expected to deal with the historical issues and balance the interests of all parties. We apologize for the delay in launching MetaCity 2.0 due to the market turmoil caused by the Luna Black Swan incident. However, the TLabs team has not been sitting around while dealing with these issues. The technical team of MetaCity decided to build a 3D demo during this period, hoping to show investors and currency holders our ability in 3D construction and to give confidence to our users from a technical point of view. Our 3D team will announce the development progress at Discord in mid-June, so stay tuned.
DONE
Ms. Cheeky Sixteen, [Jun 6, 2022 20:25:30]:
Wonderful!
Going deeper.
#3 — What is the relationship between Tokau and TLabs?
HIROTO KURODA:https://t.me/tlabs_TOKAU/203511
CL_Tlabs_Mkt:https://t.me/tlabs_TOKAU/203512
Text Recap
TOKAU was acquired by Tlabs. The original TOKAU team will only continue to focus on negotiating for celebrity resources. They won’t take part in the New Token development.
DONE
Ms. Cheeky Sixteen
Moving to our next question.
PART II — Text AMA Section
#4— How are TLABS tokens and TOKAU tokens related?
CL_Tlabs_Mkt, [Jun 6, 2022 20:30:23]:
Tlabs wanted to develop its own tokens from the very beginning, but the historical problems of TOKAU TOKEN holders also needed to be solved. Tlabs understands that TOKAU TOKEN is actually a big challenge for the company to move forward, but we decided to meet this challenge by replacing old TOKAU tokens with new Tlabs tokens and DAO management, showing our team’s determination to tackle the problem.
DONE
Ms. Cheeky Sixteen, [Jun 6, 2022 20:31:24]:
Great Idea!
CL_Tlabs_Mkt, [Jun 6, 2022 20:31:26]:
Moving forward we’re going to do a text — only AMA section
Ms. Cheeky Sixteen, [Jun 6, 2022 20:31:52]:
#5— Who is the team leader of TLABS?
CL_Tlabs_Mkt, [Jun 6, 2022 20:32:55]:
The new CEO, Kuroda, is a Japanese who is majoring in Art and has a designer background. He used to study abroad to absorb different art cultures. His creations are bought out by famous collectors. After back to Japan, he found that many talented Japanese artists were interested in NFT industry but lack of related support. Given that, he decided to join the NFT industry and bring artist creation to a higher place. As there are a lot of potential artists in Japan, who want to join this new industry but have little idea of what to do. Also, there are very few NFT Incubators in Japan that can give them technical support. Tlabs’ International team believes that they can take their artworks further.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 20:33:46]:
Cool! 😎
#6 — Is the token in the process of rebranding?
CL_Tlabs_Mkt, [Jun 6, 2022 20:34:53]:
TOKAU was acquired by Tlabs. We’re only rebranding the TOKAU TOKEN. After taking over, the historical issues of TOKAU TOKEN are the largest challenge for our team. We planned to initiate a new token for Tlabs in the very first place and consider different solutions to solve the issue of TOKAU Token. Finally, we decided to rebrand TOKAU TOKEN. Using a reasonable swapping solution and DAO management to develop the future with our holders. Let users vote for the new name of the TOKEN is the first step of the DAO. In line with the overall development, The new Token will become the platform eco-currency for all Tlabs projects in the future.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 20:35:56]:
Wonderful. The community is surely excited about it!
#7 — Why burning did not happen every 25th of the month?
CL_Tlabs_Mkt, [Jun 6, 2022 20:37:03 (Jun 6, 2022 21:40:52)]:
The Tlabs team believes that the reason for the plummeting price of the original TOKAU TOKEN is that there are limited applications for TOKEN and the demand for TOKEN is not being created. In the absence of demand for TOKEN, the burning program did not help much to raise the price of the currency, which was a point that the former team overlooked when they made the financial plan. We apologize for that.
Therefore, in addition to the burning program, our TLabs team has been working on how to create a demand and reasonable burning system for TOKEN. We have considered issuing new tokens for the TLabs project, as well as different options to solve the problems of the original TOKAU TOKEN, and finally, we decided to rebuild the TOKEN brand. In order to match the overall development, it will become the platform eco-coin for all Tlabs projects in the future. The name change was made to match the overall governance in the future.
Current projects in the pipeline are MetaCity (scheduled for public sale in mid-July) OniClub (pre-production)
DONE
Ms. Cheeky Sixteen, [Jun 6, 2022 20:38:09]:
Amazing!
#8 — Can you tell us, Why TOKAU has become worthless?
CL_Tlabs_Mkt, [Jun 6, 2022 20:40:00]:
Lack of usage case. Tlabs are now working hard on the product to create the usage case for the Token.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 20:40:42]:
Nice.
#9 — What is the model and role of the TLABS token and how will it empower the community to profit?
CL_Tlabs_Mkt, [Jun 6, 2022 20:41:34]:
Tlabs’ tokens can be used in our projects, and we hope to be able to offer token holders access to our products in the form of stakes before we launch our future projects into the market. As for the overall token model, we are still conducting the voting on the token exchange in Snapshot, including the deflation ratio, and after the voting is over, we will combine the results and release the voting direction to make a decision on the economic model together as a DAO.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 20:42:54]:
That’s great. Especially to those who are early adopters.
#10— Can you share with us, what is the Roadmap of TLABS Project?
CL_Tlabs_Mkt, [Jun 6, 2022 20:45:41]:
In the past TOKAU TOKEN, the biggest lesson that the team has learned is that TOKEN has no actual usage scenarios, and the price of coins will fall down soon after the announcement of cooperation with celebrities. Therefore, Tlabs will give frequent reports on the progress of all products under development and hold AMAs for each project, no matter the progress is ahead or behind so that users can get first-hand information.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 20:47:00]:
#11— Moving to our next question, Why the team did not prepare any marketing plan for TOKAU?
CL_Tlabs_Mkt, [Jun 6, 2022 20:47:58]:
When the company entered the acquisition process, we had to rework the contracts with the participating copyright holders, and there was a long discussion among several investors about whether TLabs would remain a celebrity-based project in the future.
These two major matters have taken up a significant amount of time, and we couldn’t do much until they were resolved, especially with celebrity promotions given the copyright legal issues involved. However, we didn’t stop there, we turned to KOLs and project parties who could support our project, and in the two months, we negotiated with more than 100 community members who can retweet and promote our project. In order to increase our exposure, we’re now working with some premium media to develop our branding. For example, we did work with Variety, the world’s largest entertainment media to talk about our MetaCity.
After summarizing the historical problems of the previous team, we believe that the lack of transparency in the progress information is the main reason for the loss of user confidence.
Ms. Cheeky Sixteen, [Jun 6, 2022 20:50:28]:
Good Idea.
#12 — Does the Team have a long-term plan and if so, Can u tell us how you plan to achieve it?
CL_Tlabs_Mkt, [Jun 6, 2022 20:50:53]:
In response to the previous problems, we have reorganized our team and will strengthen our capabilities in three areas.
First, product design, especially for 3D construction, we hired a new 3D designer and partnered with a new 3D project team. The 3D designer will explain the progress of the MetaCity Demo in the MetaCity Discord in mid-June.
Secondly, BD development. Apart from negotiating with more communities for cooperation, we are now actively looking for suitable project parties to move into MetaCity. There are more than five NFT projects that have expressed interest in the MetaCity. We are still actively negotiating and will disclose the news of cooperation in our official tweet as soon as we have confirmed it.
Third, we are negotiating with investors. In addition to our current investors, we are working hard to secure more investors to fund the overall development of Tlabs.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 20:52:19]:
Amazing. Knowing that TLabs give much attention and importance with the investors. Lucky me to be early in here.
#13— The team cherishes us as much as we cherish you. Is there any plan to do video AMA?
CL_Tlabs_Mkt, [Jun 6, 2022 20:53:45]:
Regarding Video AMA, We understand that trust in the community is very important to the whole project. We were planning to hold a video AMA in the first place but some of the team members are continually receiving life threats from the holder. In order to protect the security of our team members, we decide to do the voice AMA first and the video AMA will follow after we solve this issue. Before that, we will hold text or voice AMAs in Twitter Space and the corresponding project Discord to account for all progress.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 20:54:28]:
Last question before we move to our next segment.
#14 — Do you have any plans to list currency on a large exchange, such as BINANCE?
CL_Tlabs_Mkt, [Jun 6, 2022 20:55:32]:
We still have plans to list on a major exchange, and our next target is Kucoin, for which we need to complete brand restructuring and product development. I hope you can support us in this regard.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 20:56:22]:
That is really cool!
Part II
Moving to our next segment which is from Twitter.
@PhanHongKhn2In the past Tokau project was distrusted by the community by these reasons:
1/ The team was anonymous, and many fud that they are Chinese faking Japanese
2/ The Token didn’t have any using case since beginning, all the NFT selling was all by USDT or BNB
3/The core celebs didn’t care about TOKAU projects (only Russell Simmons tweeted about TOKAU and MMOHH, all the MMOHH and Snoop Dog never mention any thing about the project), we are supposed to be a place to connect people with the celebs but it didn’t work out
4/ The team didn’t clear about all the tokens they was holding, all the big wallets which team has been holding hasn’t been locked, the liquidity pools hasn’t been locked. All the anonymous presales dumped their token last year. It all made people afraid and don’t dare to buy
My question is : Can you solve all that problems ? To gain back the trust from community
CL_Tlabs_Mkt, [Jun 6, 2022 21:02:11]:
Regarding Question 1, As mentioned previously, the investors were at first in conflict in various aspects and it caused the delay. The official website will be released in June. You can know more about the team from the official website.
Regarding question 2, we’ve explained the above. We’re developing the products to create the usage of the token.
Regarding question 3, We’re working hard with the artist agency to develop better communication. They’re going to tweet before the MetaCity public minting.
Regarding Question 4, we’re going to lock the liquidity pool in the Pancake swap this month. Please stay tuned for our official announcement on Twitter
Building trust is not only relying on the video AMA but also showing our devotion by revealing our product and Token rebranding procedure to all the holders. Please stay tuned with us.
Done
Ms. Cheeky Sixteen, [Jun 6, 2022 21:03:43]:
Thank you for that exclusiveness you brought for the community. That’s all for this segment. Moving on to our last segment, which is the most awaited! Let’s now take community questions where the community would send their questions and you can randomly pick among them to answer their questions.
Community, if you have doubts or any questions that arose during our AMA session, please feel free to chat about it.
CHAT will be unmuted! ❤️
Part III — Q&A Section
Q: What happens with the tokau token? Can swap with new token?
A: Yes, we will launch the swap pool, then the user can swap the new tokens with TOKAU.
Q: Tokau is rebranded as TLABS. Will there be any changes in the supply?
We’re having a deflation voting on Snapshot. It’s decided by the holder.
https://snapshot.org/#/tlabsnft.eth/proposal/0x8a8d8dffb7f6d9b2e9ad2f6c563bee56f8f8503b47eda3aec6502b2fb37c5ee4
Q: is the plan of ORE staking still going on or it was canceled and changed to another plan?
A: We’re not going to do ORE staking anymore. That’s why we release the buyback voting in Snapshot. The voting is still ongoing. Please go voting if you have not yet voted. :)
Q: What’s the follow-up to star NFT? How many stars have you signed up now
A:The star NFTs can be use on the meta city. And we signed up with a super Stars recently.
Q: What is the company’s strategy to fund the marketing campaign that will be needed to gain visibility and build a user base? Because almost months that the tokau project has been not seen in actions,
A: As mentioned in the previous section, we’re going to show the development of the product. We’re going to have a Discord “meet the team” section in the middle of June. We will have a lot of action like new tokens launched and release new products in June and July.
Q:How can the new token use in metacity ?
A: First it can be usedto exchange the land NFTs. And new tokens can be usedto join the events, but tickets, buy NFTs and enjoy games when the function’s launch.
Q:Hello 🤟🏻I would like to know when the previously pledged tokau will be returned to us and will the tokau automatically become a new token? Will the new tokens go directly into the new pledge pool? By the way, will the previously purchased land be directly converted to Ether in the latest offering? Is there a rule for the blind box of land?
A: we’ll airdrop the new Token directly after rebranded. For the previous land owners, We will send you the lands on the ETH chain in a mysterious box format.
Q: Any plan to go deep into other parts of the world like Africa and any plan to enter charity thereby attracting more investors that believe charity is the only utility in crypto project?
A: We do agree that Charity is a good point for building our brand. As Tlabs is an art-centralized NFT incubator. Establishing funding to assist talented artists is part of our plan.
— The End Of The Recap —
MetaCity Discord — https://discord.gg/aWEnDCWu
Tlabs Telegram — https://t.me/tlabs_TOKAU
Tlabs Offical Twitter — https://twitter.com/TheTLabs