---
# System prepended metadata

title: 'VID Community AMA: The Transition - 6/9/2021'

---

# VID Community AMA: The Transition - 6/9/2021
**![](https://i.imgur.com/9yrZ5sh.jpg)




**Alex A**, [09.06.21 10:59]
Hi everyone

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 10:59]
What's happenin!?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:00]
Are we ready for this momentous occasion or what?

**Xavier Vera (I will never DM you)**, [09.06.21 11:00]
yess

**.**, [09.06.21 11:00]
Can we ask questions now?

**Klatschka**, [09.06.21 11:00]
Definitely 🤩🥳

**Misha**, [09.06.21 11:00]
Yeah ❤️❤️❤️

**Rajput**, [09.06.21 11:00]
Yep

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:01]
[In reply to .]
We have 3 pages of questions to get through, and we were gonna open it up to questions after that

**Narniaaa**, [09.06.21 11:01]
What will happen to the vibes in the Vid app?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:01]
[In reply to Narniaaa]
Let's slow down for a sec!

**Xavier Vera** (I will never DM you), [09.06.21 11:01]
lets close the chat

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:01]
kk

**Xavier Vera (I will never DM you)**, [09.06.21 11:01]
and we will open it up for questions after

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:02]
Can one of you promote @Ataxia1 ?

**Xavier Vera (I will never DM you)**, [09.06.21 11:02]
we will first do some intros from the team , then proceed to answer the community questions

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:02]
I tried, but don't have those permissions

**Xavier Vera (I will never DM you)**, [09.06.21 11:02]
yep

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:02]
[In reply to Xavier Vera (I will never DM you)]
Yeah, introduction time! Let's let the new team introduce themselves

**Alex A**, [09.06.21 11:03]
Done, we want to start by thanking everyone for the questions we received

**Alex A**, [09.06.21 11:03]
The team will first be going through intros

**Alex A**, [09.06.21 11:03]
Then we will go over the 3 pages of questions we have received, and finally open up for questions on this chat thereafter

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:06]
Hey all, my name is Kellen and I'll be serving as the community manager, but will also play an organizational/administrative role. I'm kind of a do-everything kind of guy besides coding (some Python experience in college, but want to learn Solidity). My educational background is in geophysics and I have a Master's degree in Geological Engineering. However, I've become so hooked into the crypto life that this is what I do now. At this rate, I'm not sure if I will ever use the degrees that I spent 8 years acquiring.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:08]
I know @Ataxia1 has a similar path!

**Ataxia**, [09.06.21 11:11]
Hey guys you know me from the Nerd quarters. I'm specializing in incentive design and defi infrastructure. Once the project is migrated we'll have all the solutions in our toolkit to capture the protocol value better

**Xavier Vera (I will never DM you)**, [09.06.21 11:11]
Hello everybody , just a quick intro ,My name is Xavier Vera (COO), been working on the blockchain and defi space for a while now working with different projects such as strudel finance , nerd dao and others. Great to finally come onboard to be able to work with our new team and our community to bring value to this project and really take vid where it belongs, at the forefront of social media and finance.

**Alex A**, [09.06.21 11:11]
Alex here, I am excited to come in as ceo and lead the vision for this project together with the very strong team we have put together in the past couple of weeks. I have finance background, with degrees obtained in Switzerland and The UK. I have been focusing on digital assets for quite some time now with the focus of bringing swiss institutional money into the fast growing developping world of blockchain and crypto. I am at the head of the collaboration between ALPA the dubai investment co and Nerd finance, to help our two organizations in the mission of growing and scaling vid and strategic capital raising to achieve this incredible visiok of democratizing income through social media

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:12]
[In reply to Ataxia]
@Ataxia1 , you are also a doctor. Don't forget.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:13]
Thanks for the intros guys.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:13]
Super exciting times

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:13]
Shall we get going on questions or is there anything you would like to say before starting?

**Alex A**, [09.06.21 11:13]
@HisDudeness47 yes let’s go over the questions that we have received

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:14]
[In reply to Alex A]
Can do

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:14]
Let's hit it

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:14]
Q1:  Will existing NFT VidTags remain having their intended functionality, use in-app and value creation to their owners, claim nr. 1 position in your category, future advertising opportunities? Please elaborate.

**Alex A**, [09.06.21 11:17]
The nft feature will be kept as its concept is quite disruptive and valuable. Our focus will not be to remove existing feature, we are rather developing new features to complement the existing key features

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:18]
[In reply to Alex A]
Awesome. Lots of questions to get through, so we'll jump right in to the next one. We can revisit questions in open chat.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:18]
Q2: What changes are to be expected to the tokenomics of the Vi-token?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:19]
To go along with this, Q3: Is a token-swap required for the tokenomics plans?

**Alex A**, [09.06.21 11:23]
The current dynamic of the tokenomics and the interaction of the VI tokens with the app (as well as the return to source concept) will not be changed. We will be going through a tokenswap to increase efficiency and add new capabilities such as the potential for multichain options

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:24]
[In reply to Alex A]
Q4: Will the new tokenomics and protocol changes affect the deflationary aspect of VI tokens?

**Alex A**, [09.06.21 11:25]
This is linked to my previous answer where i mentioned the return to source mecanism (which is effectively the key behind the deflationary aspect

**Alex A**, [09.06.21 11:25]
Therefore since the return to source concept will not be changed, the deflationary aspect will remain the same

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:25]
Great!

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:26]
Q5: Will the VID app get a dedicated information area where non-TG, non-Twitter and so, can be informed in-app about VID developments and updates? 

- To add, what updates to the VID app should we expect?

**Alex A**, [09.06.21 11:28]
For the first part of the question, we will have an info tab on the v2 of the app with relevant links and reading materials for new users to explore the app and the concept of vid in all of its potential

**Alex A**, [09.06.21 11:31]
In terms of updates to the app, the team is working on bug fixing and the transfer of the backend infrastructure to be able to guarantee a smooth app experience for everyone, when it comes to updates in terms of new functionalities that will be part of the v2 of the app which is currently being conceptualized and for which updates will be provided to the community as we go along that process

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:31]
[In reply to Alex A]
Perfect

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:31]
Q6: What are the plans in regard to crypto exchanges (CEX & DEX)?

**Xavier Vera (I will never DM you)**, [09.06.21 11:35]
[In reply to His Dudeness | Nerd | Strudel | VID]
our main focus initially will be dexes and liquidity incentives, after that getting on a cex will be a key milestone that already has been discussed, when the market cap makes sense to do so.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:35]
Q7: Can anything be said about the Dubai VC and how it’s considered by/for them to potentially make a good profit with their investments into VID, short/long term?

**Alex A**, [09.06.21 11:41]
That can unfortunately not be discussed in much detail, but they will be a key part in allowing Vid to raise capital from the right players and acquire strong partners to  achieve the goal of disrupting the social media industry and its current business model. When it comes the part of this question about the reason as to why this is a good investment for profitability, i guess it it quite clear to see that we are currently seeing massive action and growth in both the social media industry and the cryptocurrency world. It is therefore really a perfect timing for a concept like Vid which blends the two together

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:43]
[In reply to Alex A]
Absolutely. We're right on the cutting edge of the social media/cryptocurrency blend that will surely take off

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:43]
Alright next question

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:43]
Q8: What can be considered as a reasonable time span in weeks to have smoothened out the current bugs and server issues?

**Xavier Vera (I will never DM you)**, [09.06.21 11:43]
2 to 3 weeks

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:44]
Here's one that I've seen come up a lot...

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:44]
Q9: Will the vibing-issues be corrected shortly? As currently those are not timely processed and/or do not show up at all so it seems.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:45]
Seen a lot of questions about vibes

**Alex A**, [09.06.21 11:45]
Yes it is part of the bug fixing that is already being worked on, so we would expect that timeline will go  together with that of the previous question

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:45]
[In reply to Alex A]
Perfect.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:45]
Q10: The previous team struggled to obtain VC support.  What is different with the new proposition that has attracted VC and affluent figure interest?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:47]
By the way, I'm skipping over a few questions that I feel have been answered or should be answered in other questions. I'm bolding the questions that have been asked. Any questions I skip can be brought up in the open chat. We gotta keep this timely 😊

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:52]
Gonna post another somewhat similar question while Q10 is being answered

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:52]
Q11: There were a large number of influencers initially secured to support app adoption.  Will these relationships be reestablished?

**Alex A**, [09.06.21 11:52]
[In reply to His Dudeness | Nerd | Strudel | VID]
We believe that this has more to do with timing and execution, whereby we have come in to acquire this project and bring fresh attention to it just at the time where there is a clearer direction in the crypto industry that has awaken to the potential of the overlap between social media and crypto. 

The fact that we as a new team have a deep understanding of the macro trends of the market and our ability to conceptualise the implementation of layer 2 solutions to improve Vid have allowed us to obtain a renewed and strengthened smart money and vc interest.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:53]
[In reply to Alex A]
Layer 2 yes. I heard some chatter about BSC in our future. Any updates on that?

**Alex A**, [09.06.21 11:54]
[In reply to His Dudeness | Nerd | Strudel | VID]
More on that soon, but focus is more on multi chain

**Ataxia**, [09.06.21 11:54]
We are confident on de future of ethereum and will stay eth native as it scales.

To make the user interface seamless we are going to implement scaling solutions and also bridge the token in many chains

**Alex A**, [09.06.21 11:54]
[In reply to His Dudeness | Nerd | Strudel | VID]
For now let’s go back to q.11 here:

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:55]
[In reply to Ataxia]
I can assure you, when @Ataxia1 says we will be bridged to many chains, he means it. Lots of history with that at Strudel.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:56]
[In reply to Alex A]
Yeah, lets hit this one

**Alex A**, [09.06.21 11:57]
Yes the previous influencer marketing campaigns have been reviewed and will be a key part of our global marketing campaigns, for  which we will have some exciting announcements in the coming weeks which we are sure will attract some nice attention

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:58]
[In reply to Alex A]
[ GIF ]

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:58]
Alright, next question. I like this one, and you may have already answered it sort of, but this is important...

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:58]
Q12: What conceptual changes are to be considered for VID under the new management?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 11:59]
Basically, how is our approach going to be different than previously?

**Xavier Vera (I will never DM you)**, [09.06.21 12:02]
the concept and overall vision will remain the same , our mission will rather be to make sure the implementation of these concepts is achieved in a scalable and efficient way that continues to adapt to the ever-evolving landscape of blockchain and crypto.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:02]
[In reply to Xavier Vera (I will never DM you)]
I love it. Same vision with new eyes.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:03]
Here's two good questions that go together well...

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:03]
Q13: Will the new management consider moving to a decentralized architecture and also decentralized governance for VID, please elaborate.

Q14: Will larger holders of Vi have a stronger say in the DAO than small(er) holders of Vi? Please elaborate.

**Alex A**, [09.06.21 12:09]
While most of the vision of the  new team is that the Dao model is in general the best one for dapps, as much as those values of maximising community input and value will always be of the highest priority, centralisation in terms of the nature of Vid still has to remain as it is the only model that allows for the scalability, efficiency and capital raising ability to allow Vid to truly grow at the rate it needs and has potential to

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:10]
Accidentally skipped this one earlier...

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:10]
Q15: A number of user accounts have been deleted or disabled leading to loss of vibes, content and usernames.  Will these be reinstated?

**Alex A**, [09.06.21 12:11]
[In reply to His Dudeness | Nerd | Strudel | VID]
We will be going over all of these issues as finalise the migration and bug fixing. Those affected are encouraged to reach out to the team for help on these issues

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:12]
Q16: Are there plans to integrate other Nerd Finance DeFi products with VI?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:13]
[ GIF ]

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:13]
[In reply to His Dudeness | Nerd | Strudel | VID]
^ @Ataxia1

**Alex A**, [09.06.21 12:13]
Yes of course, both organizations will always remain very close and synergies will continuously be explored and implemented to the benfit of Vid

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:14]
[In reply to Alex A]
There's a lot we can do with current Nerd projects for mutual benefit, for sure.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:14]
Q17: The old team was working on a wallet called ONE. Is the wallet still in play?

**Alex A**, [09.06.21 12:15]
Yes, the wallet is of course one of the key milestone in the Vid roadmap and will remain as such

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:16]
[In reply to Alex A]
Excellent

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:16]
Q18: Gas fee was a big problem for VID how are you going to solve this problem?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:16]
[In reply to His Dudeness | Nerd | Strudel | VID]
Not sure if this is VID specific. Might be more of an Ethereum issue.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:17]
/unban @agudar22

**Alex A**, [09.06.21 12:17]
[In reply to His Dudeness | Nerd | Strudel | VID]
Yes this is actually one of the key factors behind the token-swap and the development of cross chain capabilities

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:18]
Q19: Are there any plans on introducing staking rewards for VI again in future?

**Alex A**, [09.06.21 12:19]
Of course, incentives for liquidity provision are a priority, together with the addition of new incentives both in and off the app

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:21]
We're goin on 1:20 right now and we need to get to open chat so I'm just going to ask a few more from the doc. If your question was not asked/answered, please bring it up in open chat or we will try to answer during normal time.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:21]
Q20: Thanks for confirming that the community is very important and you take that most seriously. When you can ask the community anything in regard to help making VID grow and all, what would that be? Like a top 5.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:22]
[In reply to His Dudeness | Nerd | Strudel | VID]
Very important q here.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:23]
I won't come up with a top 5, but the community is essential. We are going to provide all the means necessary to get your questions answered, listen to suggestions, and work with the community for organic marketing purposes.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:24]
Getting the word out on social media channels is a top priority for me, especially. Twitter, Reddit, Discord, other Telegram groups, etc. I will see to it that the VID army's reach is wide.

**Alex A**, [09.06.21 12:24]
[In reply to His Dudeness | Nerd | Strudel | VID]
Correct, some this will be in line with current dao structures, where of course we could give higher priority to larger holders, in addition to the fact that the nerd team coming on board has a very strong history of carefully listening to the community

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:25]
Q21: How many developers will be involved in the project?  Any of these full-time? Is the full team complete yet?

**Alex A**, [09.06.21 12:26]
For that reason it is quite naturally that we will always strive to maximise value for our current believers, holders and overall community

**Alex A**, [09.06.21 12:27]
[In reply to His Dudeness | Nerd | Strudel | VID]
We have a full development studio of 7 people based in amsterdam that will cover all of Vid’s back end as well as UI/UX

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:28]
I think we're going to do one more question and open it up. We're at 90 minutes, so its time.

**Alex A**, [09.06.21 12:28]
Keep them coming no worries we have time

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:30]
Q22: What do you think of competitors in the decentralized social space? SoMee, Lbry, Hive, Carbon, Hyprr etc... What do you think sets us apart?

**Alex A**, [09.06.21 12:31]
We believe that while it is evident that the decentralized social media model will be explored by other players, the concept and overlap of social media interaction and cryptocurrency rewards and tokenomics make Vid truly stand out as a category of its own

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:32]
Good final questions for "Mute time" here...

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:32]
Q23: Top 3 goals for the rest of 2021?

Q24: Where do you see the project being at the end of the year? App User base etc.

**Alex A**, [09.06.21 12:35]
[In reply to His Dudeness | Nerd | Strudel | VID]
1. App refresh, bug fixing and tokenswap 2. Launch of first marketing campaign 3. Version 2 of the app with new features to compete with leading social media apps

**Alex A**, [09.06.21 12:35]
For Q24, 1 million users is a goal we have in mind

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:36]
Shall we open up the chat?

**Alex A**, [09.06.21 12:36]
Sure

**Xavier Vera (I will never DM you)**, [09.06.21 12:36]
yes sure

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:36]
Chat is open!

**phil**, [09.06.21 12:37]
How's the token swap gonna work 1 for 1

**Narniaaa**, [09.06.21 12:37]
What will happen to the vibes in the Vid app?

**Manny**, [09.06.21 12:37]
What is the tentative release date for ONE wallet?

**keepitshort**, [09.06.21 12:37]
The idea was to have a big marketing campain in Inida .. is this still the idea?

**Alex A**, [09.06.21 12:37]
[In reply to phil]
1 for 1 yes

**Supersaiyangod**, [09.06.21 12:37]
Well there be another KYC for the token swap?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:38]
Let's slow down a little bit so we can get all the questions answered y'all

**Alex A**, [09.06.21 12:38]
[In reply to Narniaaa]
Their concept will remain the same, with more added features to come later on as they are developped

**phil**, [09.06.21 12:38]
And will it be done automatically for us

**Rajput**, [09.06.21 12:38]
Will the liquid exchange be there for VID?

**Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)**, [09.06.21 12:38]
Hi Welcome to the new Management of Vi.

The Vibe accumulated keeps reducing when app not used for a few days/weeks. In our busy lives we sometimes can't use the app regularly. Can the reduction be stopped as we accumulate our Vibes with effort of creating content over time.

**Narniaaa**, [09.06.21 12:39]
What is your price target?

**Alex A**, [09.06.21 12:40]
[In reply to Manny]
The wallet itself is an important goal for the near future, the debit card is the factor that will be more region specific and dependent on external factors such as regulations, but given the progress being made in the fintech/banking sector with crypto that should not take too long

**Alex A**, [09.06.21 12:40]
[In reply to keepitshort]
There are several high growth markets that have been identified, india remains one of them

**VAL MANN**, [09.06.21 12:40]
THANKS FOR THE UPDATES AND INTRO.

1) will more nfts become available?
2) on previous projects that you have worked on, is it usual that you stick to timescales to bring projects to life, I.e. how certain are you of bringing it live in 2 to 3 weeks?
3) before any new implementations are carried out, will this require a community vote?
4) how many influencers have you at the ready for marketing?

**Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)**, [09.06.21 12:41]
When will the swap take place and what's the benefit of a new token?

**Alex A**, [09.06.21 12:42]
[In reply to Supersaiyangod]
The full procedures for the tokenswap are being developed and we will be updating everyone regarding this, but it will be as smooth as possible as we have team members already well experienced with the process of tokenswaps

**Adam Hill**, [09.06.21 12:44]
Is the vid.money website still going to be used/developed going forward?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:44]
[In reply to Adam Hill]
I can answer this. Absolutely.

**Alex A**, [09.06.21 12:44]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
That is an aspect that currently makes sense given the tokenomics, but thank you for pointing that out we will take a closer look now that you have mentioned it

**.**, [09.06.21 12:45]
1. When we share vid then it's direct open to web not app why?
 2.Withdraw issue any fix date time?

**Remco**, [09.06.21 12:45]
Is there a restriction of selling by big holders from the past?last week biggest wallet dumpt 100k and have 1m4 left

**Adam Hill**, [09.06.21 12:45]
[In reply to His Dudeness | Nerd | Strudel | VID]
Awesome, thanks!

**RKB**, [09.06.21 12:45]
What kind of server backend is vid currently running on? Is it centralized in the form of aws hyperspace f.e? And if so, are there plans to move to decentralized cloud offerings? I've read plans working with akash maybe?

**Manny**, [09.06.21 12:46]
I know you've answered a question about exchange listings already but is there a way the new team could reach out to Kucoin in hopes to reestablish the relationship that was lost when the old team decided to delist from the exchange? MAYYYBE it would be easier to relist there since we have history with them already.

**Rajput**, [09.06.21 12:46]
Any update on liquid exchange?

**Scott**, [09.06.21 12:46]
Love the farming opportunities with strudel.  When will we be able to put our Vi to work?

**Alex A**, [09.06.21 12:47]
[In reply to Narniaaa]
We don’t really like price targets because they don’t mean much in the current state of the market given the large price actions of btc. But i think it is safe to say Vid is heavily undervalued when considering the market trend that sees social media crypto projects leading altcoin explosion (please see the news article attached in our lated medium post), and  renewed attention and new players that are joining in

**Narniaaa**, [09.06.21 12:48]
[In reply to Alex A]
Thank you.

**Superman | upEVN | RiveX** 🐉, [09.06.21 12:49]
I know Jag talked a lot about how he wanted a cool editor to create awesome videos, I believe they already had an AI editor, but I did not see much development in that area , how will you guys change that ?

**Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)**, [09.06.21 12:49]
Currently the Vid app does not allow you to upload videos taken a few weeks or months back. Please can this be enabled. Not every video taken 'on the day' be shared the same day. Also we may have a video taken even a year ago which is close to our heart that we would like to Share now, but can't. This was a big problem on the app. Can this be looked into. Appreciate it.

**Narniaaa**, [09.06.21 12:50]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
+1

**Manny**, [09.06.21 12:50]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
+1000

**Rajput**, [09.06.21 12:50]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
Just resend to WhatsApp and download. This issue will be resolved

**.**, [09.06.21 12:51]
[In reply to Rajput]
😂😂😂😂

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:51]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
Definitely sounds 100% reasonable. Don't see why we couldn't enable this.

**Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)**, [09.06.21 12:51]
[In reply to Rajput]
I would like it 'Directly' available on VID than use another Social network method.

**.**, [09.06.21 12:53]
[In reply to .]
Still waiting my for my answer

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 12:54]
[In reply to .]
Lot to get to. We'll get to it, I promise.

**Alex A**, [09.06.21 12:54]
[In reply to VAL MANN]
1) we are exploring that and will keep everyone updated
2) yes we have gone over the technical requirements to finalise the migration and bug fixing and 2-3 weeks is a very realistic target that you can expect 
3) as mentioned earlier community input will always be highly valued and we encourage anyone to reach out to our team for proposals for implementation 
4) rather than focusing on single influencers and how many of them it will be which usually only achieves small and unsustainable price action, we will focus on larger scale marketing campaigns concentrated on specific regions at first, and then going global once traction is established to maximise promotion via influencers

**Alex A**, [09.06.21 12:54]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
Efficiency and cross chain capabilities

**VAL MANN**, [09.06.21 12:55]
[In reply to Alex A]
Thanks for taking the time to answer all my questions. Much appreciated.

**Alex A**, [09.06.21 12:55]
In terms of when it will take place, we are currently already going over the smart contract aspect of is

**Narniaaa**, [09.06.21 12:55]
Will there be liking and tagging in the app?

**Crypto Cate**, [09.06.21 12:55]
[In reply to Rajput]
+1

**Remco**, [09.06.21 12:56]
Is it possible first create the onewallet and swap from there.
Last swap was nerverecking

**Alex A**, [09.06.21 12:56]
[In reply to Adam Hill]
The concept of the wallet will be kept of course, in terms of the specifics of wether that specific domain will be used for it, we will keep everyone updated as we analyse the best ways to integrate the wallet onto the app

**Alex A**, [09.06.21 12:57]
[In reply to .]
This is part of the current bug fixing and migration that i mentioned above

**Junayd**, [09.06.21 12:58]
Liquidity is a big problem, how will this be solved?

**Alex A**, [09.06.21 12:59]
[In reply to Remco]
Price action will always be affected by whales and that is the same in every project, but the largest holders which are mainly the previous team do intent to keep their tokens for the foreseeable future given all the renewed action

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:00]
[In reply to Junayd]
Growth is the biggest solution to liquidity, typically, but we will be exploring solutions. Examples like the Mare Fund (from Strudel/Nerd) come to mind. Also, Uni v3 allows for concentrated liquidity, so this is something to explore as well. Alex can probably give a better answer!

**Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)**, [09.06.21 13:00]
Will we be charged Eth fee for swap? Considering we already paid Eth fee when we initially bought our Vi tokens and now the gas fee is extremely high. Would seem unfair to pay again.

Crypterium had a process for token swap with zero fees and instant. Will you have a similar non eth fee swap?

**Alex A**, [09.06.21 13:02]
[In reply to RKB]
We have installed our own servers in the Netherlands for some of it, but decentralized cloud offerings could be explored, the development team is the most knowledgeable and have an impressive track record in the clients they have worked with so we know a lot of thought will and has gone into that on their side

**Alex A**, [09.06.21 13:03]
[In reply to Manny]
That option is already being explored yes, but in the short term the focus is to first nail down dex and liquidity incentives

**Alex A**, [09.06.21 13:04]
That has to be done first in order to then get to a stage that allows for cex listing (or relisting)

**Remco**, [09.06.21 13:04]
[In reply to Alex A]
Fair enough they put some in it. 
We have to trust that on there blue eyes😊

**Alex A**, [09.06.21 13:04]
[In reply to Rajput]
Discussions with the previous team are happening regarding that, we will also keep you updated on this aspect

**RKB**, [09.06.21 13:06]
[In reply to Alex A]
👍thanks

**Alex A**, [09.06.21 13:08]
[In reply to Scott]
All of the opportunities and incentives of strudel are a important values that Nerd finance brings to the table and we are in the process of designing opportunities like these for Vi

**RKB**, [09.06.21 13:09]
Are you considering a fiat off/on ramp for the monetization aspect to make it easy to use for non crypto people?

**Alex A**, [09.06.21 13:11]
[In reply to Superman | upEVN | RiveX 🐉]
We have a strong team when it comes the front end development and visuals, I am sure we will be able to change that and bring it to a top level

**Alex A**, [09.06.21 13:12]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
Yes that will be part of the future development of the app and its v2 which will see many more features and capabilities, in terms of the short term fix of failure to upload, that is also part of the current bug fixes being worked on

**Raymon** ., [09.06.21 13:12]
Are there any ideas for a B2B proposition. For example a payment possibility which can be integrated on webshops?

**Not ZipNation**, [09.06.21 13:13]
Not sure if anyone asked this but is that 1.5M VI wallet the nerds wallet?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:14]
[In reply to Not ZipNation]
Nah, that's my play money wallet

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:14]
Just kidding

**.**, [09.06.21 13:14]
[In reply to Not ZipNation]
Legends come

**Alex A**, [09.06.21 13:17]
[In reply to .]
Hi and thank you very much for your patience while we go over the questions, I believe that question was answered briefly where i wrote “This is part of the current bug fixing and migration that i mentioned above” But I can expand a little more on the answer, the bug fixing and migration which i mentioned earlier will take 2-3 weeks, as the issues you mentioned will be part of the issues fixed, they will have same timeline

**Alex A**, [09.06.21 13:19]
[In reply to Narniaaa]
The like functionality has already been explored by vid in its own way through the sending of Vibes, while features like tagging will fall under the category of new features to be introduced with the app v2 later on

**.**, [09.06.21 13:20]
[In reply to Alex A]
Thanks a ton

**Narniaaa**, [09.06.21 13:21]
[In reply to Alex A]
Oh süper Thanks

**Rajput**, [09.06.21 13:21]
Thank you New Team. Best of luck.

**Alex A**, [09.06.21 13:22]
[In reply to Remco]
We will explore all options to make it as easy for the community as possible, but given the experience and expertise of some more technical members of the team we are sure it will run smoothly and although we did not experience the previous one, we will make sure this one is not as nerverecking

**Not ZipNation**, [09.06.21 13:22]
Gah damn i love what I’m reading. I guess I’ll buy more

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:24]
[In reply to Not ZipNation]
Nothing but growth from this point forward.

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:25]
I feel like today is the official turning point

**Not ZipNation**, [09.06.21 13:25]
[In reply to His Dudeness | Nerd | Strudel | VID]
Agreed, good luck fellas!

**Alex A**, [09.06.21 13:25]
[In reply to Junayd]
This links back to previous questions regarding dex and incentives, as I mentioned before liquidity incentives are a major factor that we are working to implement as soon as possible. This will then allow for additional ways to provide and incentivise liquidity

**Remco**, [09.06.21 13:26]
[In reply to Alex A]
Thank you❤️

**Junayd**, [09.06.21 13:26]
[In reply to Alex A]
👍

**Rajput**, [09.06.21 13:26]
Will we get weekly update?

**Alex A**, [09.06.21 13:27]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
We are exploring such options, the high gas fees are of course something that we keep strongly in mind and is the reasoning behind the need for the tokenswap and multi chain capabilities

**Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)**, [09.06.21 13:27]
How often will you conduct AMA's?

**Rajput**, [09.06.21 13:27]
[In reply to Rajput]
Progress of the week

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:28]
Depending on needed updates, etc, I'd like to have at least 2 Community AMAs a month

**Bryan**, [09.06.21 13:28]
what should current liquidity providers next steps be?

**Junayd**, [09.06.21 13:28]
[In reply to His Dudeness | Nerd | Strudel | VID]
👍

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:28]
[In reply to Rajput]
We can try to implement this as well. It's a great idea.

**.**, [09.06.21 13:28]
Vid lover❤️
 2 am now in india
Still reading messages

**Junayd**, [09.06.21 13:29]
Will a new road map be released?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:30]
[In reply to Junayd]
Yep, this is being worked on

**Junayd**, [09.06.21 13:30]
Nice

**Alex A**, [09.06.21 13:30]
[In reply to RKB]
Yes we are already in discussions with a player in the industry that specialises in off ramp offerings. This is at the the core of Vid’s concept, for users to be able to ultimately spend vi’s in fiat if they decide to, all via our wallet

**Alex A**, [09.06.21 13:34]
[In reply to Raymon .]
They key aspect of B2b will be the opportunity for compagnies to use vid as part of their advertising efforts, for which the value paid for these adds will go back to current holders via token buy backs and the return to source mecanism. Other obvious ideas are the development of the in app marketplace, all such features will be part of the conceptualisation of the v2

**Alex A**, [09.06.21 13:34]
[In reply to Not ZipNation]
It is not

**Raymon** ., [09.06.21 13:35]
[In reply to Alex A]
Thanks! 👍🍻

**Zon14**, [09.06.21 13:36]
[In reply to Alex A]
This sounds great! Lets go!

**.**, [09.06.21 13:36]
What happen if old team dump their all token?
What do you think ?

**Alex A**, [09.06.21 13:36]
[In reply to Rajput]
Weekly updates of course, @HisDudeness47 will be a key part of the communication between the core team and our community. Given his track record for nerd projects i’m sure that will be handed extremely well

**Alex A**, [09.06.21 13:37]
[In reply to Madam A (WILL NEVER ASK FOR FUNDS. WILL NEVER DM)]
I see @HisDudeness47 already provides an answer and the team is totally in line with that, community is key

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:38]
100%

**Alex A**, [09.06.21 13:38]
[In reply to Bryan]
Wait for the liquidity provision incentives to come out and start collecting rewards for it

**Alex A**, [09.06.21 13:38]
[In reply to .]
Love to heat that thank you

**Remco**, [09.06.21 13:38]
[In reply to .]
We buy😝

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:38]
[In reply to Remco]
This is the correct answer

**Bryan**, [09.06.21 13:39]
[In reply to Alex A]
👍

**Alex A**, [09.06.21 13:40]
[In reply to Junayd]
Yes, the medium post of last week and this Ama are just the beginning of our communications with the community and a roadmap is the next step to put all we have said in in terms of order and timeline a clearer way. It is being developed (or rather reviewed)

**.**, [09.06.21 13:40]
[In reply to His Dudeness | Nerd | Strudel | VID]
I know we will buy
But my question is they would dump their bag any time?
They are member of team ?
Or will they make their profits and will start dumping

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:41]
[In reply to .]
It's certainly a great question. Alex , have you had discussions with the previous team regarding this?

**Alex A**, [09.06.21 13:42]
[In reply to .]
They have openly committed to their intentions of holding, and given the developments behind the project dumping would not even considered as of now given how undervalued the Vid tokens are, and also historically as they have held those wallets when the price was close to 1$, they definitely will continue to do so at current prices

**.**, [09.06.21 13:44]
Hmm 
Good night vid lover

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:44]
[In reply to .]
Hahaha

**Cam Stubbs**, [09.06.21 13:45]
We can chat again?

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:45]
Does that do it for all the questions?

**Rajput**, [09.06.21 13:45]
Will the vibes earned in the app swap automatically?

**Will S**, [09.06.21 13:45]
[In reply to .]
They are free to do as they like tbh.

**Alex A**, [09.06.21 13:46]
I also believe that large holders selling is always a discussion with any token (even some big ones in the top 5 market caps) so it is rather about the fact that at current market cap those wallets do not pose an issue since it is evident that marketcap will increase because of traction, history and development behind the project, if market cap goes up as a whole, the presence of  large wallets or not is not as relevant

**Cam Stubbs**, [09.06.21 13:47]
1) why can’t I mention users? impossible to have a conversation with people
2) what’s the issue with uploading? Haven’t been able to make an upload in a month

**Alex A**, [09.06.21 13:47]
In terms of wallet size it’s also fair to say that it is quite distributed already, with not a single wallet holding even 10% of the supply

**Rajput**, [09.06.21 13:48]
[In reply to Cam Stubbs]
Please read previous chat

**Cam Stubbs**, [09.06.21 13:48]
🤦‍♂️

**Alex A**, [09.06.21 13:49]
[In reply to Rajput]
We are going over this with the new contract

**Alex A**, [09.06.21 13:51]
[In reply to Cam Stubbs]
Hi, I believe we have gone over those 2 questions both in the series of questions pre written by the community as well as a previous question a few minutes ago after opening up the chat. Please do let me know if there is any in which you would like me to expand on current answers regarding this

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:54]
Alright guys, I think that about wraps 'er up for today's AMA. Nearly 3 hours! We had a plethora of information provided today by Alex and I know its a lot, so I will be writing up this AMA into a HackMD/Medium article for you all to revisit. Thanks for sticking through this! It's the dawn of a new era and we couldn't be more excited. Thanks for all the fantastic questions and thanks Alex for all the great answers!

**His Dudeness | Nerd | Strudel | VID**, [09.06.21 13:55]
Please continue to reach out to us via DM or in the chat if there's more questions that pop up.

**Xavier Vera (I will never DM you)**, [09.06.21 13:55]
yeah

**Xavier Vera (I will never DM you)**, [09.06.21 13:55]
thank you all for coming out

**Alex A**, [09.06.21 13:56]
Happy to take the time for this Ama today and I hope that we were able to answer everyone’s questions, please feel free to reach out to us at any time for assistance, suggestions or anything else you would like to discuss, we’re here