Greetings!
On October 12, the HOQU project has conducted the 2nd Q&A session between project founder Alexey Shmonov and the community.
The questions were received from numerous community members and contained important issues that the project’s founders were ready to answer in full.
Priority was given to questions which were asked before the Q&A session, but that did not stop the HOQU founder from answering a considerably greater number of questions that were posed by the community.
Q: Why is there no activity in GitHub ?
A: The development is not open source. We have already released Beta of 2 apps. https://login.hoqu.com
Q: Why is there a new chat, what happened to the old chat?
A: The information attack led to loss of the rights of administration over the old chat. So we created a new one.
Q: Where are the funds that were raised?
A: Good question. Detailed information on funds is not public. We can only assure you that funds are being spent in the order prescribed in the white paper. All the raised funds are under company control.
Q: How do you solve the problems with the founders’ conflict?
A: There are no problems with the founders’ conflict. If you mean the conflict between the founders and Kaufman, this man was never a founder of the HOQU Company. Issues with misinformation and slander on his part are being solved by our lawyers in a judicial proceeding.
Q: What was his role in HOQU in this case?
A: We thought that he was a blockchain expert.
Q: Why do you say good exchanges require a finished product to get listed ? This is not true.
A: We had this requirement in the summer from a couple of exchanges. We cannot state the name of the exchange, since we have an NDA with them.
Q: How do you solve the problem with the HitBTC exchange?
A: We have sent several requests but did not receive any answers. Now our lawyers have sent an official mail request.
Q: Will HOQU be presenting the project itself on affiliate events in the nearest future ?
A: Yes, HOQU is going to attend the Las Vegas Affiliate Summit 2018 on the 6–8 of January.
https://www.affiliatesummit.com/west
Also we will be in Bangkok https://affiliateworldconferences.com/asia/bangkok/?utm_source=google&utm_campaign=competitorsearch&utm_term=%2Baffiliate%20%2Bsummit&gclid=CjwKCAjwjIHeBRAnEiwAhYT2h5OKmGghe7qzlc0FbU0zIerInEvFbq3PaTuRKFNfCiKQJGK3O1QKCRoC-lcQAvD_BwE/
Q: Do you have potential partners that are interested in using HOQU when it is finished?
A: Yes we do.
Q: Is the token swap decision taken or not yet?
A: After we finish the network beta, we can start doing it. In case we change the Ethereum platform for another Blockchain. Now it looks like 99.9%. We are pretty serious in looking at EOS, but it also has some problems.
Q: Can I create an offer using the merchant app now?
A: Now the merchant application works in test mode. You will be able to create active offers after the platform release. https://login.hoqu.com/merchant
Q: Will we have bounty program for bugs reporting for beta apps?
A: Thank you for your regular feedback . It is a really great idea that can help us. We are going to discuss it with the development team next week. Afterwards, I can tell you the parameters and approximate dates of launch
Q: How many tokens do the founders have right now ?
A: All the tokens are frozen until the 1st of January, 2019, so now the co-founders have 0 tokens. https://blog.hoqu.io/hoqu-founders-extend-their-token-freeze-period-5f997f553e9c
But, overall it is 90 million tokens. https://etherscan.io/token/0x1b957dc4aefeed3b4a2351a6a6d5cbfbba0cecfa?a=0x3b0bb674c044f608b7e3c94135c1ba0c09d225eb
They are in the founders’ wallets. Anyone can check. The founders understand the market situation and are not planning to move their tokens to the market
Q: Why is the development not open-source?
A: The HOQU platform is not intended to be an open source project. Regarding the fact that it utilizes the power of Blockchain technology, some parts of the platform can be open. The solidity smart contracts are open for public use and audit. Once deployed to the blockchain, they are also verified on Etherscan, so anyone can be sure that the source code of the deployed smart contract is identical to the code sourced on Github. (https://github.com/hoqu-io). HOQU will also provide several other types of collaboration, such as:
Ready open-source software.
An API for integration.
An SDK for the development of customers’ own affiliate networks or other services.
I think that I answered clear for this type of questions
Q: How many tokens should merchants have to create an offer?
A: For an offer to be brought online, the webmaster’s balance should be greater than the value defined in the settings of the offer (it is included by the network). Mechanisms will be created to reserve and track the availability of any certain amount of tokens on balance sheets. This data will be available for affiliates in real time. It’s pretty simple
Q: The Beta is already released. Is this not enough for the exchanges?
A: The decisions related to listing are made based on feedback/replies we get from the exchanges.
Q: Are you going to burn tokens again?
A: No. We have burnt tokens already.
Q: Ethereum dapps can basically be ported over by having an Ethereum virtual machine within eos. Just sell your stockpile of ether, buy the bandwidth worth of EOS you need, and move over your dapp.
A: Exactly. No crucial changes in terms are planned in this case since our platform — is universal and may works with several blockchains
Q: I’m sure ETH 2.0 is out next year though.
A: Yes, we are waiting. However, we are not looking only to EOS.
Q: How can the user benefit from using HOQU?
A: On the HOQU platform, an advertiser can easily create affiliate offers, and the results of affiliate advertising campaigns will be stored in distributed registries (blockchain). Rewards will be paid through smart contracts that guarantee honesty and transparency of transactions. A smart anti-fraud system developed as part of the advertiser’s decentralized application will not allow affiliates to engage in fraudulent activities, and independent, decentralized audit appeal centers will address any emerging, controversial issues.
Q: What about Asian markets?
A: The US and Asian markets are the most interesting for us. Affiliate marketing is growing especially fast on those markets. Especially China, Japan and Thailand
Q: As an investor, I will be using the platform, but do we have any larger groups of investors / business willing to use the platform on release?
A: Glad to hear it. The team is doing its best for it. And this concludes our session for today! Thank you all for your interest in the project and the faith you have expressed towards our team. I hope that you all received the answers you were looking for to the questions that were important to you. It was pleasure talking to you as always. Stay tuned for our updates and best of luck to all of you!
The Q&A Session proved extremely productive as founder Alexey Shmonov managed to answer all the main questions that were of interest to the community members.
The HOQU project is following its roadmap and is focusing all of its efforts on developing the platform to be able to offer a valuable product on the market within the terms stipulated. Stay tuned for more news and updates from HOQU.
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