KuCoin AMA With GT Protocol (GTAI) — Innovating Financial Markets Through AI and Blockchain Integration

2024/05/13 08:58:37

Dear KuCoin Users,

Time: May 09, 2024, 12:00 PM - 1:43 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session featuring the Business Development Manager of GT Protocol, Muaz, in the KuCoin Exchange Group.

Official Website: https://www.gt-protocol.io/

Whitepaper: Click to view

Follow GT Protocol on Twitter and Telegram

Q&A from KuCoin to GT Protocol

Q: Can you introduce yourself, and GT protocol?

Muaz: I started with crypto or blockchain to find an alternative to fiat currency; it dragged me deep where I spent time to self study about the ecosystem and started building my career in crypto.

GT Protocol, I fell in love with the possibilities the project could bring when it comes to real world user adoption and bringing the next generation of million users into crypto using AI technology which makes users using crypto seamless and easy to access.

Q: What is GT AI and how does it work?

Muaz: We may hear a lot of the time phrases 'AI will replace humans', but what if AI is the solution that will actually unlock the technology to the masses.

There are several use cases to the GT AI, if we focus on the native Web3 user’s side, it will make it easier for them to to trade, understand the ecosystem, etc. Let’s focus on 1 user case that will be unique, what if there is an AI that will allow disabled (deaf or blind) users to interact with Crypto or blockchain ecosystem using a conversational AI.

Q: Can you please explain what an AI shopping assistant is? How is it connected to Amazon, Ebay, Emirates and other shopping platforms?

Muaz: Very good question and it is one of the features that I personally love a lot, as a person who shops a lot and uses applications for collecting points.

Cashback application market size was valued at USD 3325.9 million in 2022. However, a lot of users will be familiar with the current cashback application, where you are getting points and you would need to spend the points within the application.

While GTProtocol, does the cashback in $GTAI token, since it is a cryptocurrency, the users can use the tokens, to Pay, swap, withdraw, gift, etc. You are not bound to 1 application.

As well as the difficulty of using the current application, you would need to use Google or other sources to search for products you want to buy. Now, you have to see if your cashback application is supported on that platform.

At GT Protocol we integrated Amazon, Ebay, Emirates, and 500+ other e-commerce within our platform, to make it easier for the users. Users do not have to leave our application to look for the products. All the searches can be done within the app. As well as my previous answer about the disabled users, they can now have an application that is powered by blockchain and can do online shopping, while earning points in an asset that has more value than just points.

Q: What struggles have you faced up until now? What are the factors you see which prevent you from growing and developing even more?

Muaz: I would love to share this as a person who experienced what the GT Protocol’s Core team went through. Emotionally and Business wise due to the market.

The team started the project back in 2019. Instead of launching the project at the previous bull market, they decided to add more value and users to the ecosystem, so the product could be worthwhile and have a use case that also generates revenue. However, since the core team originated from Ukraine, they went through a lot of hardship alongside the bear market situation in the overall crypto ecosystem.

However, they relocated and put their focus back to the product, and kept on developing. We have successfully closed deals with several notable partners and launched the project which already generates revenue.

So, I am really happy to be part of this journey, and nothing will stop this team.

Q: Elon Musk and CZ share the concept that we live in a computer simulation, so we are all part of a big AI. What is your opinion as a business development manager of an AI company?

Muaz: Some will say AI will replace humans. I believe AI will create more opportunities. The Innovation and introduction of Machines never took away the jobs from farmers. Instead, the production went up. As well as GT Protocol, Vlad and some team members believe we live in simulation, and we are fans of this perception that life is a game.

Q: What is your long term vision and what are the long term goals of GT Protocol?

Muaz: We have a roadmap and vision for the next 50 years. It is not public, yet we are cooking amazing things, and we are planning to go far beyond Web3. We believe in Web3 technologies and AI. Through this, we can solve the main problems which humanity faces today. That is our approach, and we believe that GT Protocol would become the top 1 AI company in the world. We will announce our long term updated roadmap soon. Keep an eye on it!

Q: What is your best advice to crypto traders and investors?

Muaz: My best advice to crypto traders and investors is to always do thorough research before making any investment decisions. Understand the projects you're investing in, their technology, team, and community support. Additionally, diversify your investments to spread risk, and consider a long-term approach rather than trying to time the market. Lastly, stay informed about market trends and news, but avoid making impulsive decisions based on short-term fluctuations.

It's not about timing the market; instead, time in the market.

Free-Ask from the KuCoin Community to GT Protocol

Q: What is the role of ChainGPT in incubating GT Protocol, and what kind of support does it provide?

Muaz: With ChainGPT, I would say that they are one of the best incubators or Acceleration partners in the ecosystem. We are happy that we were incubated by them, they supported us a lot during the pre-TGE. Even now, we are very close with them. Their C level team attends our daily morning operational meetings so, at some point we feel like we are 1 team.

Q: What is the mission behind onboarding 100 million users, and how does GT Protocol plan to achieve this goal?

Muaz: Good question! Having products and investors who invest in those products would never bring real mass adoptions. Instead, we focus on bringing better solutions to existing products. Focus on consumers who would consume data; without consumers, the products will not succeed. So, our mission to onboard 100 million users is through providing average crypto and non-crypto users products they are using in their average day to day life. e. g. 1 Shopping AI.

Q: Do you ever worry that one day a project with even more advanced technology could potentially replace your own?

Muaz: We always embrace development in the ecosystem. In crypto, we are still early to look for competitors. Instead, we would love to work with others and provide them solutions to achieve the goals together. The end goal is to bring blockchain tech to every user who uses a device.

So, competition we accept, but instead of competing, we will keep developing and leading.

Q: Do you have Audit certificates or are you working to Audit your project to make it more secure and reliable?

Muaz: One of the main focuses of our team is to ensure that our ecosystem is safe for the users to use. Even if GT Protocol is a non-custodial platform, still we have battle-tested our platform since 2019; as well as several partners who have integrated the tested platform. Along with this, we also have done security audits with the industry's top security farms.

We will make sure in the future also; we will keep up these standards.

Q: In what ways does your token contribute to the overall ecosystem or industry, and how might this contribute to the potential for profit for token holders?

Muaz: At GT Protocol, we are focused on utilizing our technology to bring solutions for average users; while $GTAI is the utility token of the GT Protocol ecosystem. The Ai Execution layer, which enables integration to Web2 platforms through SDK/API or Shopping assistant, or even portfolio management and trading, all adds value to the $GTAI as a utility token.

Our mission to onboard 100 million users, is not only to bring a winning trophy for GT Protocol, but also to the ecosystem and drive crypto mainstream. That is one reason we are working very closely with so many reliable partners in the ecosystem.

KuCoin Post AMA Activity — GT Protocol

🎁 Participate in the GT Protocol AMA quiz now for a chance to win 4.780 GTAI!

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

GT Protocol AMA - GTAI Giveaway Section

KuCoin and GT Protocol have prepared a total of 900 GTAI to give away to AMA participants.

1. Pre-AMA activity: 332 GTAI

2. Free-ask section: 23 GTAI

3. Flash mini-game: 186.50 GTAI

4. Post-AMA quiz: 358.50 GTAI

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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