AMA RECAPITULATION OF DEC. 7
HOST: MIKE
Thanks for everyone for making it out! Today is super exciting as we have bunches of updates both from development and what’s coming next for Cirus! Today’s AMA will be a bit different as we normally do it, The Team is going to do a presentation showing the past, present and future of Cirus Foundation and we will focus on live chat questions prior to the ones submitted in the community because there was a lot of changes.
Daniel and Michael, Please give us a quick backstory, current and what we should expect in the nearest future.
DANIEL: Thanks everyone! We are here in Toronto and here is Samartha ( one of the Co-founder) and he is running everything in India. When the project started, we first look at a ‘Router first Approach’, but as we are working with the team, we realized what is important is to firstly bring something to the Crypto community and we are in the position to do that. In fact, DECEMBER 24, WE WILL BE LAUNCHING THE CIRUS PLATFORM! So that the crypto community ( You ) can come into the platform and start earning $Cirus token immediately! The Cirus community has been supporting us, this is a good payback. With the browser extension, you just sign up and start earning crypto! The team has been working tirelessly to put this together and it’s worth noting we have some new marketing strategies ( more info on this later on). Micheal, you can go ahead and talk a little bit about the Browser extension and show the community some screen-shorts!
“DECEMBER 24th, WE WILL BE LAUNCHING THE CIRUS PLATFORM!”
MICHAEL: Our approach is to bring something that is ‘Global-First approach’ as we all know in business, time to market is very important. If we can’t meet up with the time we promised, it’s going to be bad and irrelevant, that's why we focus on global-first and as a matter of fact, we still have the ISP engagement still active especially in India region and we are going to be fixated on how we can deploy that over the longevity of time because that will ensure good and massive adoption but at the moment, the main focus is we want to make sure we can bring something that everybody can engage with and everybody can earn crypto right from day one! Talking about this first product, what we’ve done is bring together our understanding of User-Experience(UX), wallet deployments, earning crypto etc neatly into one product that you will be able to earn crypto by using all of the analytics from your browsing history and you will be able to even earn more by referring friends, ambassadorship etc and that will tie down directly to a wallet. So we want to come out with something fresh, clean and good user-experience and we are happy to present that today and let’s go with some screenshots!
MICHAEL: Just as we have said, what is shown above is the first glimpse of Cirus Web Extension and it’s our first product coming to market. Simply you download this extension and within two clicks, you will start to earn real-value from your data! As you can see on the main screen you have VALUE which is your Cirus earnings and another you have there is SURF AND EARN which basically gives user the power to either turn on if they want to earn from browsing or turn it off if they want to enter the private mode. Another function there is DATA VAULT which takes them to the user-preferences as to what they want to share and what they don’t want to share because we want to be extremely transparent to anybody who comes to the platform. By this, they choose how they want to engage and share their information. Below that you have UNCLAIMED REWARDS which means as you build up your rewards from surfing the internet, you can transfer this to a wallet. This gives us the ability of taking users from not just earning from their data but also now moving them along the journey where users will be able to transact and use that currency in different ways. Now let’s move to the next screenshot!
One of the components the platform will have is what you see above which is making sure there is a reward ability. So people will level up and have different engagement to how they evolve/improve in the system.
The screenshot above is really where the action takes place! This is your wallet and it holds your Cirus earnings from the monetization of your data while surfing the web. And a great part about this is that any person coming into the system, whether you are crypto literate or not, you will be able to access a collection of different assets that you can trade between! i.e you can swap $Cirus for $ETH or swap $Cirus for Tether( USDT ). More tokens will be added to the wallet as we develop and there will be some strategic partnership that will be integrating into this as well in the nearest future. The whole idea about this amazing feature is user can create direct value from their earnings inside the app!
And the last screen above to keep things simple is Your settings. You will have your account and build your profile by answering a series of different questions on building your data intelligent effectively and that gets you to earn more! The more you build your profile, the more you have the ability to earn more on the platform! You will be able to see your data and if you want to export it! This is to ensure user have full control and full access of their data! We want to make it simple so that we can bring onboard millions of users in a friction less way even if it’s their first time in crypto!
DANIEL: The driving force here is to keep this as simple as possible and The team has done a great job in designing this! One of the thing we should talk about is What Samartha has done with his team in India. Over to you Samartha.
SAMARTHA: We are building a very high talented team in India. Currently, We have 36 people of the brightest mind and we are on a continuous recruitment spree. Vamsi who is Our C.T.O comes from Zeta Global and has done a lot of DMPs earlier and lot of Data business of The Big Data Analytics including DSPs and this wealth of experience has made him understood the whole aspect of building the first party data. Aside him, we have hired lots of people, people who have good understanding of routers, embedded systems and the likes. Yeah, that’s the kind of team we are building over there.
DANIEL: Talking about the WiFi router, It’s going to change the game in Big data analytics and there is a lot more that you can do with the router than through the web extension. Once people start earning from our platform, we will eventually get everybody a router. Let’s understand that the supply chain problem that exist today in hardware and chip-set really fits perfectly with us now because at the moment, we are able to come out with a web extension first. Once the supply chain figures itself out, then everyone gets a router and it’s worth noting that Cirus has two channel of Router deployment, we have the ISP channel and Direct to the Crypto community (D2C).
MICHAEL: Another amazing thing about the strategy Daniel talked about above is that it really supports The Industry analysis of how data is going to be collected over the next few years. For example, Right now, We know a lot of analytics and data intelligence is coming from browsing history and Cirus browser extension fits perfectly well for that. But again, we know that in the next five or ten years, IOT devices becomes more relevant in smart homes. On average, at least 15 to 20 devices will be plugged into your home. So if we can involve the consumer (you) in the part of this journey by making sure everyone eventually gets a router, then when the wave of IOT devices, smart homes finally comes Consumers will still be able to generate rich first party data. With this approach, it’s a win-win!
DANIEL: Another big thing is that by next week, We will start the ’12 Days Of Cirus’ which leads up to the launch. We will be coming out and communicating the story. We will be much more communicative and informative of the strategy since we are ready for launch now. We are aware of all your concern in the community(Telegram) and now that we are ready to launch, there’s a lot to talk about and it’s a promise there’s going to be an improved communication strategy, We apologize for that recent quiet period in the past few weeks. Again, we will be launching the Ambassador Program during the 12 days where users get to invite other users.
“The 12days Of Cirus will be a competition with a meaningful prize pool!”
MICHAEL: In addition, when we come out with something this innovative, it’s going to take time. So we want to be clear that even the web extension launching this Q4 will still not have some features readily available in the first version. The building of the other versions will be through Q1 to Q3, 2022 and below is the breakdown of the different versions.
VERSION 1 ( Web Extension. Launching Dec. 24th )
- Registration
- Data
- Payback ( You are getting rewarded for your data right from day 1)
- KYC
- Identity Profile Builder ( One of the key data elements )
- Data Vault ( Where user choose the segment of data to be monetized and this is proportional to the payback )
VERSION 2 ( Wallet )
- Wallet Integration ( where you can withdraw your paybacks and take to your wallet )
VERSION 3 ( Mobile Applications)
- Delivering of the mobile apps ( Android and iOS which will enable higher data collection)
- Parent and Family Applications ( For entire family to be able to participate in the Data payback scheme )
VERSION 4 ( Blockchain Router )
- Complete Cirus Experience
- Cirus Hardware ( Huge control of data )
VERSION 5 (IOTs )
- Integration of IOTs
QUESTIONS AND ANSWER FROM THE COMMUNITY!
QUES: Where is Cirus Foundation Headquarter?
MIKE: We are based all over, In U.S, in Toronto and Some in India but according to Daniel, We will pick Toronto as the HQ.
QUES: Is Cirus preparing to function in the Metaverse space?
MICHAEL: Yes! The most easiest access point into the metaverse will be the digital asset you own and that will be data. This makes us the gateway into the metaverse, we dont need to reinvent what will be developed in the metaverse space. Cirus will get people into the metaverse by the way of their data.
QUES: If people are earning Cirus token for their data, are we buying the token from the order end?
DANIEL: You don’t buy the token, you will be earning the tokens.
DAVID: User data is monetized and that brings in fiat, then we will purchase Cirus tokens from open markets, commercial arms and treasury and get remitted to the user. This in turn can be staked or converted to other tokens as the user pleases.
QUES: What does the future looks like with D-Vois partnership? When will the 1million router be delivered?
SAMARTHA: There’s a particular shortage of components but fortunately, we are overcoming that! With D-Vois, we have supplied some sample routers and as a matter of fact, We are going to supply routers on a regular base from January towards the end of January. This still depends on how the supply chain constraint allows but good to know the deployment to D-Vois starts in January.
QUES: Can you tell what Sablier v1.1 is for? its almost the top holder
MIKE: We announced this early that we teamed up with a company called Sablier which does something extremely unique, they distributes token to early backers over a specified amount of time and the reason why we teamed up with Sablier is to protect everybody that is involved in the project and just to have a seamless flow of value from Cirus to the early backers. For clarifications, all of those tokens are not circulating because they are in a contract which is still vesting over the original public timeline.
QUES: Can you explain Mining in relation to the Cirus ecosystem? How will that work?
MICHAEL: In our vision, The device will actually secure and help support the blockchain. The idea is even if we are on ethereum or polygon, we can run/create nodes that supports the archive or the ledger to those blockchains and this helps to create more resiliency and more strength to the network, providing support mechanism for the network because the greater we can support nodes and infrastructure, the better resiliency to the blockchain.
QUES: Will the drop in crypto prices affect your current rollout?
DAVID: There is in fact a real business attached to Cirus Foundation, We are not just a token. There is a lot going on in the real world and the value of the Cirus foundation comes from Data Monetization which takes place in the real world.
DANIEL: Just to emphasis, It has nothing to do with the current price of the token, It has to do with our rollout strategy and by bringing millions onboard, we believe we can create huge demand for the token.
QUES: How much can i expect from monetizing my data?
DANIEL: Though it will increase as we move forward but currently, It’s going to be a significant number which users will be impressed and happy with and will be the most value Users are able to get till date for their data which is right now $0.
MIKE: We’ve seen questions arising on staking but we believe giving a functional product which enable you to earn from day one on the Cirus platform is a big one compare to just staking. Staking will still come. Talking about The 12days Of Cirus, there will be competition with a meaningful prize pool. We hope you guys engage because there’s going to be challenges every single day (Details will come out on Monday)!
Thanks for the time and watch out for 12days of Cirus! See You!!
