Gate.io AMA with Vodra-Get Paid While You Stream

Time: Dec 22nd, 2021, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Conner Romanov,Co-Founder and Co-CEO of Vodra in the Gate.io Exchange Community.
Official Website: https://www.vodra.io/
Twitter: https://twitter.com/vodra
Follow Vodra on Twitter

Guest

Conner Romanov — Co-Founder and Co-CEO of Vodra

Q&A from Gate.io

Q1: Conner, what is Vodra? Could you give us some details?

Conner: Certainly! In short, we are a creator compensation platform. This means that we enable all types of content creators (Bloggers, artists, live streamers, musicians, athletes, E-Sports players, etc.) to be fairly compensated for their efforts. We achieve this through our suite of platform-agnostic donation tools, meaning creators across every social media platform can use our product. We offer live tips/donations on live streams, project crowdfunding & voting, and monthly subions and pledges for various rewards such as NFTs, exclusive content, or access to live events. All of this is powered by our platform token $VDR (Vodra Token).

Q2: And what triggered you to launch Vodra? What are Vodra’s unique selling points as compared to other similar projects in the industry?

Conner: We were inspired to start the project when we realized just how little control creators had over their compensation. With the large broadcasting services taking up to 45% of live tips or ad revenue, there is a very unfair environment for creators and their audiences currently. On Twitch alone, every Twitch Bit donation has 45% that never reaches the creator.

As we saw more and more industries being revolutionized through blockchain technology and decentralization, we figured this would be the perfect solution for cross-platform creator compensation. Instead of having a unique or fiat currency for each social media platform, we offer our $VDR token, which has no fees and is designed for the creators themselves.

What makes us unique is that we offer all of our donation tools with no fees attached, which is a real draw for creators to want to use the platform. We also reward creators with a share of $VDR based on their audience size, so that the creators have a stake in the platform they use. Currently, there is no benefit for a creator working to scale a social media platform, as they are not a shareholder- we change that by offering creators a stake in the platform they use for their compensation, which exposes them to the upside growth.

These are one of many points which make us absolutely unique in space right now!

Q3: Cool! And what is the role of $VDR in Vodra? Could you tell us more about its tokenomics?

Conner: The Vodra Token ($VDR) is the currency designed for the Vodra Platform. This is what every interaction is denoted in.

There is a max total supply of 2,000,000,000 $VDR, and we are slowly releasing this supply based on creators using the platform at a logarithmically decreasing rate. This means that creators who join early are more greatly incentivized than those who join later, encouraging early growth and promotion.

$VDR is currently an ERC-20 token, but we have a Polygon/Matic layer 2 solution in the works which is coming out Q1 of 2022. This will ensure transactions with negligible fees for creators and their audiences.

Q4: Regarding the VDR layer 2 coming next quarter that you just mentioned. Are there any other exciting news or updates in regard to Vodra that you would like to share with the users?

Conner: Absolutely! So we are currently working to unveil the first iteration of the platform this month. We will be showcasing some of our amazing Pre-Launch creators, who have a combined audience of over 120 million all together. We are focusing very heavily on perfecting livestream tips and donations and want that to be the first major feature that we roll out with.

Afterwards in the new year, we are looking to begin adding the remainder of the features which include project crowdfunding and voting: this is where a creator can post 2 separate project ideas, and have their audience vote with $VDR on which they would like to see undertaken. The winning project is then funded with the amount of $VDR put towards it.

Then afterward, we will have the monthly subions enabled, where creators can set certain reward tiers for their audience to contribute monthly, and offer specific perks. These can range from NFT’s, exclusive content, participation in E-Sports events, or anything else a creator can think of- we can’t wait to see how our creators make use of the platform in unique and interesting ways.

Q5: If you were to summarize your project in ONE word, what would it be? Why?

Conner: The main word we would use would probably be “Creativity” — at the heart of it all, our mission is for creators to be fairly compensated while creating what they love. Our tools are all designed to be as unobtrusive and seamless as possible.
We believe that it severely limits a creators’ ability to express themselves genuinely when they are forced to promote certain products or run advertisements to obtain their compensation. With our direct audience-to-creator model, we are allowing creators to express themselves creatively while earning a living.