KuCoin AMA With DistrictOne (OLE) — The Rise of Social Space with Money Game

Dear KuCoin Users,

Time: March 06, 2024, 12:00 PM - 01:07 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the Marketing Manager of DistrictOne John, in the KuCoin Exchange Group.

Official Website: https://districtone.io

Whitepaper: https://docs.districtone.io

Follow DistrictOne on Twitter

Q: What is DistrictOne, and how does it integrate with the Blast ecosystem?

John: DistrictOne (D1) is a unique SocialFi app that blends social fun with financial incentives through money games, built by the OpenLeverage team, backed by Binance Labs, Crypto.com Capital, and DWF Labs.

DistrictOne won runner-up victory in the Big Bang competition, launched on day 1 of Blast L2 mainnet, receiving significant Blast developer airdrop, which will be 100% redistributed to D1 users. You may check it here.

Q: Can you explain the unique features that set DistrictOne apart from other SocialFi platforms?

John: D1 stands out not just because of its unique games, but because it shifts the focus from mere financial speculation to creating a genuinely engaging and rewarding social space. While other platforms might zero in on leveraging social reputation and assets, we're all about crafting an open, fun, and efficient SocialFi experience. Users aren't just visiting; they're staying, engaging, and often find themselves saying just how addictive D1 spaces can be, spending hours without even realizing it. For example, imagine being rewarded for just being social—inviting friends through Linkup gives you instant rewards, and with Space Share, everyone gets a piece of the action by investing in their favorite social spaces.

But it's not all serious business; we keep things lively with financial incentives for likes, rallies filled with Gems, and OLE airdrops that turn every chat into a treasure hunt. So, it's not just about building a network; it's about making your social life pay off in D1.

Q: How does the $OLE token function within DistrictOne, and what are its uses?

John: The $OLE token is at the heart of the DistrictOne ecosystem, powering everything from transactions to participating in our unique money games. When users pay a 0.005 ETH fee for joining through Linkup, that amount is instantly swapped into $OLE and rewarded to the inviter, fostering an engaging and rewarding community experience. Beyond that, users can lock in their OLE/ETH LP for three months to obtain sOLE, enhancing their earnings and making them eligible for Blast airdrop redistributions and 50M OLE D1 airdrop in 2024.

Moreover, the pricing of space shares in $OLE facilitates transactions within the platform, underscoring $OLE's role as a pivotal utility token. Essentially, $OLE acts as the gateway to maximizing the DistrictOne experience, bridging social engagement with financial rewards.

And most importantly, $OLE token is listed on KuCoin.

Q: What benefits do influencers and projects gain by participating in DistrictOne?

John: Influencers and projects participating in DistrictOne as hosts can significantly enhance their visibility and monetize their engagement through active hosting and leveraging the Linkup feature for invites. As hosts, they have the opportunity to create and manage vibrant spaces that attract users, engaging them with the platform's unique money games. This not only boosts the host's presence, but also contributes to their potential earnings from the interactions within their spaces. Additionally, the use of Linkup can offer immediate financial rewards, further incentivizing the growth and activity of their hosted space.

Q: How can users get started with DistrictOne?

John: Getting started with D1 is straightforward. Users need a Metamask wallet address with ETH on Blast mainnet. Bridging ETH from mainnet to Blast is available here. Upon joining, they'll link your X profiles and pay 0.005 ETH fees, then start participating in spaces and earning Gems and OLE. There's no complicated verification process, ensuring an inclusive environment for all Web3 enthusiasts to explore and engage with our platform. You may try it now with the invite code.

Q: Can you share insights into DistrictOne's roadmap and future features?

John: DistrictOne's vision extends beyond a SocialFi platform; we're evolving into a multifaceted social layer for Web3. Our roadmap includes social-driven token distribution, integrating in-chat dApps, enabling seamless interaction with gaming and betting applications directly within chats. Upcoming features like Battle Mode will also introduce exciting, competitive head-to-head space challenges sponsored by various tasks, adding a new dimension to our money games. DistrictOne aims to provide our community with open, rewarding, fun, and effective web3 social experience.

Q: You mention that it is possible to "steal" the rewards of others. Could you please explain this concept in more detail, including what it entails and if there is any way to prevent our rewards from being stolen?

John: It's a feature in our Linkup process. As an inviter, you share a different percentage of rewards with your invitees based on whether you or your invitees holds $OLE. More details here.

Q: What are GEMS in your ecosystem? How can they be obtained, and what benefits do they offer to active users?

John: Gems serve as DistrictOne’s mechanism to reward and encourage community engagement, designed to foster an active and participatory ecosystem within the platform.

You earn gems from the beginning and throughout your daily social interactions on D1. Gems can be converted to OLE via bi-weekly airdrop and Blast Gold (Blast developer points) redistribution. You may check here for more details.

Q: Can you introduce the investment institution behind DistrictOne?

John: We are backed by Binance Labs, Crypto.com Capital, DWF Labs and 20+ crypto native institutions.

Q: People always inquire about safety and security in any project due to the prevalence of hacking issues nowadays. How secure is your project? How have you ensured its security?

John: Smart contracts audits are covered by ThreeSigma and Peckshield. You may check the report here.

Q: How will you filter genuine people from Bots and farmers with massive amounts of accounts doing business in your platform abusing the rewards system?

John: We are committed to tackling spamming and bots. Human verification will be added for some actions like buying shares, claiming airdrop. Collaborative content quality control is also under development and coming soon.

🎁 Participate in the DistrictOne AMA quiz now for a chance to win 245.600 OLE!

The form will remain open for five days from publishing this AMA recap.

KuCoin and DistrictOne have prepared a total of 47,200 OLE to give away to AMA participants.

1. Pre-AMA activity: 18,445 OLE

2. Free-ask section: 1,135 OLE

3. Flash mini-game: 9,200 OLE

4. Post-AMA quiz: 18,420 OLE

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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