AMA with Dmitry Gerasimov, December 19, 2024

AMA with Dmitry Gerasimov, December 19, 2024

Category: AMA

Title image, read title

Hello, everyone. I'm Dmitry Gerasimov, CEO of Cellframe Network, and welcome to our final AMA session of 2024.

The Cellframe team conducted a vote on the amount of reward token issuance. Why did the options differ from the figures stated in the project's current tokenomics?

The difference arose due to a slight mismatch. In the tokenomics, rewards for coming years were described as an example of how emissions would decrease under healthy conditions. In the first two years, we were unable to conduct voting, so emissions remained unchanged. Now, the reduction is being managed through governance. Our community is growing rapidly, which has resulted in better outcomes than initially planned. If you wish to further reduce emissions, you can initiate a campaign and encourage holders to vote accordingly.

It was recently announced that 2 million reward tokens will be split equally between stakers and validators. What is the reasoning behind this decision?

We maintained the same ratio for the distribution between different categories of spending. The allocation follows the same logic as before. Recently, we initiated a vote regarding stablecoin distribution, but other aspects of the allocation can also be subjected to voting.

According to Tokenomics 2.0, 2 million CELL tokens are to be issued to support the team’s work in 2023-2024. Could you share some details on how these tokens are being spent and distributed?

Most tokens have been allocated to development, followed by marketing and promotion. Currently, a significant portion is directed toward marketing, with a reduced focus on development. We aim to make marketing more community-driven going forward.

Currently, the launch of masternodes in the Cellframe Network requires approval from technical support. Do you plan to automate this process in the future?

Yes, we plan to automate this process.

Do you have plans to support Python plugins in ARM64 builds in the near future?

Python plugin support is already available in ARM64 builds for Linux. The supported Python version matches the one installed on your system. To use it, simply install Python. Future builds will ensure consistent Python support across ARM64, D44, and other platforms.

Could you elaborate on how the Cellframe DEX works? Can it be considered an example of t-dApps in the Cellframe Network?

The DEX operates like a limited-order centralized exchange but is decentralized. It is an example of a t-dApp in the Cellframe Network, specifically a financial t-dApp. However, our t-dApp engine primarily focuses on non-financial services.

How is the liquidity pool replenished on the Cellframe DEX?

Currently, we have no liquidity attraction program in place. However, at the beginning of next year, we plan to launch specific liquidity pools for the DEX.

When is the implementation of smart contract functionality planned for the Cellframe Network ecosystem?

After completing two-level sharding, we expect this to happen around February or March.

Is it possible to implement staking functionality for Cellframe directly through MetaMask? If so, does the team have such plans?

We are not focusing on ERC-20 or BIP-20 tokens. New functions will be related only to CF-20 tokens. For users preferring MetaMask due to its simplicity, we are working on an ultra-light version of the Cellframe Dashboard that will be as user-friendly as MetaMask.

Many governments are strengthening measures to combat VPN technology. How is the KelVPN project responding to these changes?

We are closely monitoring developments, staying informed, and preparing responses to potential threats.

Nearly two years have passed since the mainnet launch of Cellframe. What unique features does the Cellframe team offer to users and developers?

Our built-in payment system allows subscription mechanics for projects. Other features are detailed in our Cellframe Wiki at wiki.cellframe.net.

Is it possible to invite BTC developers to launch their parachains in the Cellframe ecosystem?

Yes, it is possible. This would negate their need to develop quantum-security solutions independently. However, many BTC developers are currently not focused on this issue. Discussions on quantum-resistant solutions like P2QRH are ongoing but not widespread.

Tell us a little more about points on the Cellframe roadmap that the project team has yet to implement.

Key priorities include two-level sharding and smart contracts.

Any news about hardware nodes? When will delivery of pre-orders begin?

Deliveries will commence soon.

When will the nearest KelVPN release be, and what key feature will it include?

The nearest KelVPN release will be directly connected to the Cellframe Dashboard, enabling seamless work with KL tokens in your Cellframe Wallet. This is a key priority for the update.

What happens with locked tokens in circulation?

Tokens locked in bridges are excluded from the circulating supply.

You’ve mentioned ambitions to be a top 3 blockchain. What is the vision behind Cellframe potentially becoming a new Bitcoin?

Our goal is to establish Cellframe as a leading blockchain protocol, especially if Bitcoin developers continue to neglect quantum threats.

When will KelVPN’s liquidity issue on CoinMarketCap be addressed?

We expect this to happen soon.

Regarding the recent voting proposal, what is its impact on token holders, and what are the goals of the proposal?

The current vote focuses on the redistribution of tokens proposed for stablecoin liquidity providers. However not many people are participating in the staking program for stablecoins. Additionally, there is already significant liquidity in stablecoin pairs on centralized exchanges. So, I think we don't need single stablecoin liquidity providers on the DEX at all. That's why we put it on the voting.

Thank you for joining our AMA session. Wishing you joyful holidays and Merry Christmas! See you in 2025.