Sheesha Finance: Community AMA Session
Sheesha Finance held its very first Community AMA Session on 19th May, 2022. We welcomed Adam, Sheesha Finance Marketing Manager, as he joined the Telegram channel to answer a series of questions from our amazing community.
The AMA Session was a golden opportunity to get some exclusive insights into the way things work here at Sheesha. Some great questions were asked, and we thank every single person who took part.
From the latest business developments and our brand-new marketing initiatives, to the current state of crypto and the progress we’re making with partner projects. We covered all of this and much, much more…
Plus, everyone who asked a question has the chance to win 50 USDT!
So make sure to stay tuned for the upcoming announcement, as we’ll be selecting the top 5 questions and dropping 50 USDT straight into each of their wallets.
So, without further ado, let’s get into it. Here’s a full recap of the AMA Session.
Community AMA Session
Albes: Welcome Sheesha Family to our first Community AMA Session! We have carefully selected 10 of your previously submitted questions which will be addressed during the session.
Question 1. Can you tell us about your team members? Are they qualified and professional in their fields? What are the recruiting qualifications for team members for your extraordinary project? @Nonenone128
Adam: All of our team members have extensive crypto experience alongside years of experience in traditional industries ranging from tech, investing/banking, marketing/media, and so on and so forth. The vetting process to join our team is extensive and rigorous. From the initial CV review, candidates then undergo 2–3 interviews with multiple team members and complete assigned tasks with a required timeframe for completion. Once a person is hired they are held to a very high standard, as we pride ourselves on our high output and non-stop communication across all departments. We are constantly pushing to improve Sheesha as a DeFi product as well as growing the ecosystem, which is how we have so many strategic and partner projects being signed. Both of these ongoing initiatives at Sheesha would not be possible without qualified and professional employees.
Question 2. What is the most ambitious goal of your project? I would appreciate it if you could share some upcoming updates with us. @Pontas41
Adam: This is my opinion, but our most ambitious goal is to build out more offerings to our community. We are focusing a lot on bringing projects into our incubation service which can often times translate into token distributions. We are also working on building out more valuable add-ons to our dashboard. We recently launched the NFT dashboard which we want to add to as time goes on.
In one way or another most or our initiatives are focused on bringing value to our community. We just released our Vesa NFT for all early investors to eSheesha & bSheesha. We plan on doing more collaborations with NFT artists and groups. We have plans to launch on a few more blockchains this year which will give our community exposure to a wider range of projects. We are in the process of totally redoing our website to make it much more informative with a better design. We are very excited about that as we know the website is difficult to navigate and in some places the information needs updating. We are also planning some new marketing initiatives that I cannot talk about but it will give us penetration into new markets and segments of the crypto market. The new marketing initiatives will bring awareness to Sheesha and ideally get the Sheesha token into more wallets.
Question 3. What is your organisation like, are you fully decentralized? If not, do you ban users from specific countries such as Russia? @TommY_C2
Adam: We are a 100% remote working company that employs people all over the world. This is in-line with the broader decentralized ethos of web3. This gives us great diversity across all departments and we employ people across 4 continents. It’s a truly decentralized work place!
Being a DeFi company that operates in Web3, we cannot block or stop anyone from engaging with our dashboard. This is the ethos of cryptocurrency and we uphold that ethos. We have plans to have a DAO in the near future but this is not an easy task. We want to get it right so we have to plan accordingly. So to answer your question, we are decentralized and we’ll continue to become more decentralized through allowing users to vote on new features with our DAO.
Question 4. Do we aim for a specific number of followers to reach within 2022 per community channel (Telegram, Twitter, YouTube, etc)? @YS
Adam: We do not have specific numbers since we have gone into a bear market and now potentially a crypto winter. Our goal from a social media perspective is to deliver valuable content to our community and beyond. This is why we are having this AMA with plans to have many more. We have content in the pipeline to “re-launch” our YouTube channel which we are very excited about. We also have plans for other marketing initiatives that are referenced above.
Question 5. 1: Increasing Token price. 2: Make Token Valuable. 3: Building Community Trust.
From 3 aspects above, I want to ask, Which one is the most important for you? If all above are important, which one would you do first? @TPTP90
Adam: Our goal is to always get more people interested in buying our token. That is what we focus on in marketing and with most initiatives. Since we are a team of around 50 people we are all working to accomplish different goals, all of which focus on the top 3. We are hosting this AMA to build community trust, not to increase token price or value. We are building out our dashboard to bring more Token Value to our community which should help increase token price as more people see the innovative things we are doing in DeFi. We are launching new marketing initiatives to grow our community and get more tokens in more wallets which should increase the token price and value. It is not a, pick one thing and focus on that. It is do it all at the same time because it is a positive cycle that supports positive growth in many different ways.
Question 6. Do you have any plans to attract non-crypto investors to Sheesha Finance? It is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your project in the non-crypto space? @Sayuri1
Adam: Yes, we do. We are talking to 1 of the largest social media platforms in the world as well as one of the largest tech companies in the world to launch marketing campaigns. These campaigns are focused on getting the Sheesha brand in front of non-crypto native people. Right now, I cannot give specifics, but we are excited about it and we’ll make an announcement on socials once it is finalised.
Question 7. User community is an important factor for each project. How many communities does Sheesha have? And do you have any plans to expand the user community? @Algojali
Adam: We currently have one main community which resides here on our Telegram channel and also our biggest social following is on Twitter. In addition, we have a Russian speaking community (https://t.me/sheeshafinance_ru) for our Russian members.
Our communities are one of our top priorities hence the reason we try to have our moderators available 24/7 and remain as transparent as possible when communicating back to our members.
Going forward we have plans on growing our communities not only on Twitter and Telegram but within all of our socials such as Discord, YouTube, Reddit and our Medium which will be done through different marketing campaigns which we have been planning out.
Question 8. Since prices are down, how can we keep up with enough money for funding future investments? @Binanceboyroy
Adam: We hold a percentage of each Sheesha token’s supply as part of our reserve/treasury wallet, which is partially used to fund our investments in new partner projects. This will also be the case whenever we launch a new token, which ensures the continuity of our treasury funds.
While it is true that we are on a bearish market and the value of our treasury is consequently lower, one of the main ways we keep hold of our future investments is through Sheesha Foundry’s Incubator. For early-stage projects, we provide a range of different services including IDO lunches, tokenomics design, project management, marketing & KOLs etc, and in return secure a percentage of the incubated project’s token supply prior to its launch.
Question 9. How do you see the current market conditions impacting on Sheesha? @antlevi
Adam: The recent market crash and the bearish sentiment of the current market has taken a heavy toll on all crypto projects and investors. Sheesha Finance is no exception and many of our partner projects have also been impacted by it. Although these can be seen as confusing times, we are making sure we’re best positioned during and after the current market downturn and so are our partners.
Having said that, Sheesha’s real value relies within its partner projects, diversification and long-term investment. That’s how we will make sure to succeed every time the downturn comes around.
Question 10. I see we are partnering with many great projects and that is amazing, however unclear of what the final portfolio would look like and how exactly we are benefiting by these collaborations? @YS
Adam: We have two types of partnerships. Project partnerships are for investment allocations and token distributions which create a fully diversified portfolio and give our rewards to all our stakers. While strategic partnerships are helpful for marketing, exposure to new investors and overall building a more advanced ecosystem within Sheesha Finance, consequently creating a better experience for all our members.
Albes: Thank you Adam for providing your insights with our community and thank you to everyone for previously taking your time to submit your questions!
And that’s a wrap!
We hope you liked getting an insight into the way we operate here at Sheesha. We like to keep our community in the loop with everything that’s going on, so stay tuned for more AMA Sessions along with the regular updates and developments.
Until next time, Sheeshans!
Why Stake with Sheesha?
Sheesha Finance is a leading DeFi Staking Platform. We provide premium cryptocurrency portfolio diversification and rewards. Rewarding investors of any size, from small to large ticket holders, with DeFi tokens.
We have built an Investment and Incubation platform, Sheesha Foundry, with an extensive network of partners who are thought leaders in the crypto space. Allowing us to consistently discover promising projects early on.
Our easily convertible assets can be used to maximise rewards and gain exposure to existing and upcoming DeFi projects. With plans to become a member-managed Decentralised Autonomous Organisation (DAO), Sheesha Finance is dedicated to upholding full transparency and integrity within the DeFi space.