Two Prime Blog

AMA Recap with Two Prime COO Alexander S. Blum 01.09.2020

To mark the start of autumn, we hosted an AMA (Ask Me Anything) with Two Prime COO Alexander S. Blum in our Telegram group. Alex received several dozens questions and answered all of them in real time. We picked the best ones to share with you in this recap. 

What is the mission and vision of Two Prime?

Alex: We are defining a new asset class, Stable Growth tokens, focused on a combination of finite supply and a treasury supporting the token price, the best of mooncoins and stablecoins all in one.

Can you tell us the motivations and benefits for investors to hold FF1 in the long term? Will you run any stake program with your token?

Alex: I think the proof is in the pudding first of all. The token listed at $3.00 March 18th and now trades at $4.75. As demand rises we see the finite supply force the price up. And the price has never dropped below $3.00 either. As we see more traction and maturation of the space as well as more investment announcements for our treasury, this will only continue.

How much has the FF1 grown in price since the launch, $1.75?

Alex: Yes, about 60%.

How can you guarantee that the token won't fall below its launch price?

Alex: I definitely cannot guarantee it, but we've never sold any tokens below $3.00 at any discount and we have a treasury of assets that support the price and can sustain a much higher price than $3.00.

$FF1 acts as stablecoin. How do you keep the stability against the volatile market?

Alex: The price of the token is a function of demand and treasury backing, the "market" and its volatility don't really play much of a role.

How to buy FF1?

Alex: The easiest way is to go to backthatassetup.com and buy it directly. the token can be redeemed with a code.

What is the current circulating supply? The amount of tokens that aren't locked away or in the treasury/development accounts.

Alex: About 21,000,000. Our circulating supply numbers will be on coinmarketcap very soon, they actually emailed me today asking about this. 

How many of that 21 million aren't from private sales that are locked away? 

Alex: About 400,000 tokens.

What are the plans of $FF1 in place for global expansion, are you focusing on the market at this time? or focus on building and developing or getting customers and users, or partnerships?

Alex: We are already global in the sense that nearly anyone in the world excluding US retail investors can purchase the token. We continue to grow our treasury, focus on new marketing projects, and making institutional grade investments.

Vast majority of crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value Two Prime aims to add to the crypto industry that will bring greater abundance to the industry?

Alex: Like anyone, we are a business and are interested in making money, otherwise there is no business. However, we believe that we have created a product that takes the best parts of traditional and crypto finance to provide upside potential from crypto demand and finite supply with downside protection of treasury backed assets. 

As a community Member, how can I help with the project's growth? 

Alex: I think spread awareness on Twitter and other Telegram groups, share our posts, and buy the token.

Can you tell us the motivation and benefits for investors to hold $FF1 in a long term investment? 

Alex: finite supply and treasury backing allow for upside with less risk. It's a better place to HODL your profits that can still grow, better than any stablecoin that will never grow and actually decreases in value due to inflation.

In the past year, three major financial regulation institutions – the Bank of International Settlements (BIS), the United States Federal Reserve Board, and the Financial Stability Board (FSB) – have all expressed concerns regarding the threat stablecoins pose to global financial stability. Do you think that stablecoins will survive under increasingly strict regulations?

Alex: Stablecoins and stable growth tokens are native to the internet, there is no way to turn them off. Countries will either need to join in and adapt, or they will be left behind.

How many partners currently have trusted Two Prime, and what benefits do these partners bring to Two Prime and vice versa? And last one, does the Two Prime team have plans to collaborate with "certain companies" or other coin projects this year?

Alex: We do have plans to announce additional investments and listings with tier 1 exchanges over the next few months.

What exchange listings are planned next? 

Alex: Secret for now, Tier 1 only.

Is there any discount available for purchasing FF1 at backthatassetup.com?

Alex: In fact there is a 5% discount if you use the promo code “TwOAbundance” at https://backthatassetup.com 

Is the current stablecoin market saturated? In a market with so many different alternatives, how can FF1 stand out and compete with USDT? 

Alex: Saturated? Probably. But we are a stable growth coin so it's different from a stable coin: in case of FF1, there is a finite supply and a basket of different assets that earn money to support and grow the price. 

What's team experience? Why do you believe you can make FF1 successful?

Alex: Dr. Marc Fleury founded and sold open source software company JBoss for $350MM to RedHat in 2006. I have worked at several traditional and crypto hedge funds throughout my career.

Is there a way of seeing the assets in the portfolio? Or is it private?

Alex: https://azagthoth.twoprime.io/documents/Two_Prime_Asset_Allocation_Report.pdf

Does FF1 have institutional investors?

Alex: Yes.

Right now many markets crash because of COVID-19. How does it impact your business? If it does, how will Two Prime face this problem to stay on top ?

Alex: People are looking for safe and reliable places to grow their money. The crisis, though sad, has been beneficial to our type of product. 

What is the $FF1 roadmap for this year 2020? Are there any new partnerships and interesting upcoming use-cases?

Alex: we will list on more tier 1 exchanges, announce additional tier 1 investments, and provide another treasury report and investors soon.

Want to learn more? Visit https://backthatassetup.com/, follow us on Twitter & Telegram to stay tuned for updates and take part in community activities.
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