Rikkei Finance x SoccerHub AMA Recap
On October 12, 2022, Rikkei Finance and SoccerHub had the opportunity to hold an AMA to share useful information about the key features and road map of the two projects.
- Time: 12PM UTC
- Venue: https://t.me/soccerhub_globalchat
Rikkei Finance x SoccerHub AMA Recap
Samuel: Could you please introduce a bit about yourself?
Ngan: My name is Ngan, CMO of Rikkei Finance. Great to meet you all today!
My background is business development at heart ;). I have been in charge of BD at Rikkeisoft, one of Vietnam’s top IT Outsourcing companies. At Rikkeisoft, we’ve got to engage and provide business & tech consulting, development services to hundreds of Blockchain startups all over the world. That definitely gives us a general picture of the Blockchain ecosystem, which helps us come up with the idea of creating Rikkei Finance, a platform that we believe will become very impactful.
Samuel: Can you provide us with a brief description about Rikkei Finance?
Ngan: Rikkei Finance is a Web3 platform, encompassing a DeFi lending protocol and an NFT Marketplace, called RiFi NFT Marketplace, with a focus on NFT rentals. Furthermore, Rikkei Finance is developing NFT-based lending and borrowing as well as multi-chain compatibility to help users utilize the underlying value of any digital assets.
Overall, Rikkei Finance = 1 part DeFi, 2 parts NFT
- DeFi Lending & Borrowing, available at https://apps.rikkei.finance
- NFT Rental Marketplace, available at https://nft.rikkei.finance
- NFT based lending & borrowing, coming soon this Novembers
Samuel: Thank you for a very detailed introduction. So what milestones has Rikkei Finance achieved so far, Ngan?
Ngan: We have successfully rolled out our core products this 2022.
First, we deployed the mainnet launch of DeFi lending & borowing in Feb 2022. Available at: https://apps.rikkei.finance
The DeFi Lending & Borrowing protocol gives asset owners the opportunity to generate a yield or leverage their cryptocurrency holdings.
Second, we introduced the RiFi NFT Rental Marketplace. Available at: https://nft.rikkei.finance
Rental price points can significantly impact the Return on Investment (ROI) question central to the NFT space.
The Marketplace is on a peer2peer basis and supports 2 rental modes:
- Escrow rental mode (Non-collateralized)
- Transfer rental mode (Collateralized)
Coming next is the release of RiFi NFT based lending & borowing this November 2022, which allows users to leverage their NFTs as collateral in a borrowing situation. The primary use case will be peer2peer lending & borrowing.
Our vision is to help people tap into the underlying value of their digital assets and bring the financial rewards of DeFi and NFTs to an increasingly greater audience.
Samuel: Wow, such a good start in 2022. I’m really looking forward to Rikkei’s upcoming achievement. It’s time for the second segment, guys. So, I will pick the first 5 questions from Givelab and then it’s Ngan’s turn. Let’s see who’s got the best questions.
Question number 1 I’ve chosen for Ngan: Has the RiFi NFT Marketplace offered users the ability to rent SoccerHub NFTs? Do they support Transfer rental mode or Escrow mode?
Ngan: Elpis Battle is curently supported with transfer rental mode. SoccerHub NFTs are fully indexed on Rikkei Finance marketplace, which means that SoccerHub NFTs will be displayed with full details and be updated upon listing/re-listing.
So now if you’re asset owners having unused NFTs, visit nft.rikkei.finance and start listing your NFTs for rent. You can list multiple NFTs in combo as well. If you are gamers looking for lower entry cost, visit nft.rikkei.finance and start your rental right away. Note that renting in combo could be even more cost-effective.
Samuel: Next question is “What is the next phase in the partnership between SoccerHub and Rikkei Finance?”
Ngan: As we have completed the indexing of SoccerHub’s NFT Collection, which means asset owners can now list their NFTs on the RiFi NFT Rental marketplace and players can rent these NFTs from the marketplace, the next step would be to spread more awareness and bring asset owners and renters to the marketplace.
Stay tuned via our social media @RikkeiFinance for more exclusive offers.
Samuel: Now it’s the 3rd one. By proposing two rental modes to the user, you allow them to either use their rent NFT on Rikkei Finance ecosystem through Escrow mode, or in a wider area with Transfer mode. For the second option to be efficient though, you will need to be compatible with other chains. Do you plan to develop EVM compatible cross-chain applications in the future?
Ngan: We are already working on multi-chain support and expect to be supporting additional chains other than BNB in November this year. Currently, we are looking at Ethereum and Polygon. Stay tuned via our social media for further updates.
Samuel: Very nice info. 4th question for you: What is the USP of your rental marketplace?
Ngan: Our secret sauce would be Account Balance, allowing users of the RiFi NFT Marketplace to manage real-time balance, deposit amounts and most importantly earn a yield (i.e. DeFi yield farming), even on those funds locked in collateral deposits.
Check out our resources for more details on this feature: https://docs.rikkei.finance/user-guides/rifi-nft-marketplace/nft-rentals/manage-your-account-balance
Samuel: Last one for Ngan, can you share your upcoming plans?
Ngan: For marketing & community, our main focus is to drive mass awareness and deliver consideration content marketing, esp. cross marketing partnerships, thereby extending media reach & impressions. AMAs, giveaway and video content production are also rolled out in succession.
For product development, we are focusing on the release of RiFi NFT based lending & borowing this November 2022, allowing users to leverage their NFTs as collateral in a borrowing situation. Stay tuned via our social media @rikkeifinance
Samuel: Thank you Ngan. I suppose it’s now your turn to pick the questions on Givelab
Ngan: As a player of various crypto and Web3 games, I would really like to know if the various games that coexist in the SoccerHub ecosystem are inclusive, i.e., if they are aimed at all types of users and if they are completely free to access or if you have to pay to play them?
Samuel: In SoccerHub’s game system, we target a wide range of people who can participate. If you are a short-time player, League matches will suit you, but if you like the initiative, check out the Minigame — where you can freely control your play. SoccerHub’s game is not free, to be able to participate, you need to hold at least 70k $SCH and have a team (Including 15 NFT players).
Ngan: 2nd question for you: “Earning in the game is important, but with me that having fun while earning is also important. To what extent does SoccerHub focus on the entertaining aspects of the game? What measures are in place to help make the game suitable for everyone, including non-crypto people?
Samuel: SoccerHub’s game is based on the hobby of soccer. Therefore the entertainment aspect is always targeted, you will be like a coach, directing and arranging the squad to win. It’s like a strategy game, it’s not difficult to start, but the gameplay will need you to think a lot about how to arrange the squad like in real life, which helps to reach a wide audience of crypto lovers and suitable for non-crypto peoples.
Ngan: Many P2E games like players who have upgraded, leveled up, and purchased large amounts of in-game items. It certainly leaves the new player. How does “SoccerHub” promote fairness & equality for its players? Is the player’s skill more important than the character itself?
Samuel: As you said, many P2E games like players who have upgraded, leveled up, and purchased large amounts of in-game items. However we don’t want to turn SoccerHub from Play-To-Earn to Pay-To-Earn. When upgrading, it is clear that your ability to win will be higher, but if you do not have the skills to play, do not arrange the appropriate squad, you will still meet failure. Therefore, individual skill is still important, and it creates fairness, whoever is better will have a high probability of winning, very similar to soccer in real life.
Ngan: Now it’s the 4th question. Most P2E games need initial investment for earning from them. Do your game have the same or is it totally free and everyone can earn without an investment?
Samuel: Our game is not completely free. You need to invest at least about $50 initially (Including holding 70k $SCH and owning 15 NFT players). If a game is free from the start, players will not realize the value and give up easily. However, with SoccerHub, you will have to invest capital and think how to play to make a profit soon.
Ngan: Is the game compatible on Android, iOS and Windows? Where does the team see this project in the next five years? What marketing strategy is the team employing to reach an audience of soccer gamers? Is the team working on collaborating with more partnerships?
Samuel: Our game is compatible on Android, in addition you can play directly on the webgame platform. The great thing is that SoccerHub experience on Android is so smooth and amazing, next year we are planning to develop an iOS version. With the current gameplay, we are targeting players with less time and more tactical gameplay. We have quite a few partners and get a lot of help to distribute NFT, promote the game. In addition, the minigames that predict the scores of real matches in real life are also quite interesting to increase the excitement for players.
About Rikkei Finance
Rikkei Finance is a Web3 platform, encompassing a DeFi lending protocol and an NFT Marketplace; with a focus on NFT rentals and NFT-based lending and borrowing. Also, Rikkei Finance continues to expand coverage on multi-chain to help users utilize the underlying value of any digital assets.
SoccerHub is the very first soccer management game built as a play-to-earn game for anyone who has a deep love of soccer and desires to earn tokens while enjoying his own soccer club management.
In SoccerHub, every user will be a soccer manager who can own your soccer squad in which every soccer player is an NFT player. All specifications of NFT players are generated based on Blockchain technologies. Soccer managers can put their squads into training sessions to level up their skills and or join several tournaments to gain winning awards.