StrongNode CEO with Minted Lab

It was an amazing moment with StrongNode CEO & Co-founder Daniel Saito at Minted Lab telegram as he delivered detailed information about the project in just concluded AMA.

Daniel Saito is into computing since age 8 and as an active entrepreneur, he started 2 ISPs in both the USA and Japan. Launched 🚀 2 satellites🛰 into space for News Corp. During the AMA, he revealed the StrongNode core executive team which consists of 12 (+13 BackOffice) extremely passionate and dedicated people with 20+ years of diverse experience with some of the biggest names in various industries, establishing foundational technologies, and closing $1B+ exits.

Let's dive into the AMA discussion

What is StrongNode?

Daniel Saito StrongNode is an Infrastructure-as-a-Service technology company and innovation lab. We harness the power of latent and idle compute like the CPU/GPU cycles, network, and storage of the everyday common man/woman. In return, you get paid in StrongNode tokens [$SNE] when you lend your network and compute resources. StrongNode was the name picked out by our amazing marketing team.

What is the vision statement of the project?

Daniel Saito The mission and vision of Strongnode? We are on a mission to power companies globally through the next generation of edge networking by uniquely harvesting a trifecta of idle compute resources and leveraging new blockchain technologies. We wanted to address the last mile, which is the EDGE and build a global edge network through access and monetization of idle resources.

Here are the pre-selected question by Minted Lab Community!

Q1. @korea_samlee
We know that StrongNode is based on Polygon/Matic. If so, I wonder if there are any plans to expand to networks like Binance Smart Chain in the future. StrongNode states that there are many mechanisms for repurchasing tokens. All transactions, whether purchased, sold or transferred, are subject to tax. If so, I wonder how much.

Daniel Saito Yes, we will be debuting on the POLYGON (MATIC) network in October. We will expand to the BSC platform (later) after we have established a good base on POLYGON. But likely, we will launch on SOLANA after POLYGON due to some of our other assets that we are launching.

In regarding how our token buyback policy works come from multiple sources, the first source is in a form of a reflect (tax) on all transactions. As StrongNode will have high transactions on POLYGON, we are leveraging on the low cost of GAS on the network. This allows us enough wiggle room to tax fractional amounts on each transaction. I cannot comment at this time on what % of tax on each transaction, but keeping in mind that we will also list on several CEX, we need to keep the tax to a minimal (keeping in mind that 0.5% is the default for slippage at exchanges..). but that should give you an idea. We are currently backtesting all different scenarios of how it plays back before we commit to the final %.

The second source is from merchandise sales from the shop (http://shop.strongnode.io/) and other activities that bring on revenue, 3rd party consulting and the management fees from our incubation labs.

The third source is from B2B sales in the utilization of the network to our ENTERPRISE NODE clientele who requires access to the CPU/GPU infrastructure.

Q2. @korea_lele
It is stated that with StrongNode, all data entering and leaving the computer is encrypted and decrypted and processed. If so, I wonder if this process doesn't overload the system. It is stated that all users who interface on the StrongNode network can enter through a process such as a user registration. If so, I wonder if it's similar to logging in with Facebook or Google.

Daniel Saito Good question, this is a two-part answer as they are two different things.
Yes, there is a level of encryption and hashing involved in the data entering and leaving. This is actually done inside of the sandbox environment, so you don't risk contamination/manipulation on the host or the datasets that are being provided. There is a specific load but the data chunks that are coming in are very small. A good example would be if an ENTERPRISE NODE comes online with 1TB of data that needs to be processed, it can be onboarded (as they become a node themselves) and sets the amount of cost that they are willing to pay for the said data processing and the system partitions the data, shards/chunks the data into smaller sizes and deploys it onto the network of resources willing to process the jobs.

As for our USER REGISTRATION process (which will be out shortly) we will be building an SSO (single sign-on) solution for crypto. As you would normally be used to "Login with kakao" or "Login with Naver" these SSO solutions are prevalent in WEB 2.0 infrastructure. We want to do the same with crypto. We designed a system that has KYC enabled, and upon filling out your user-specific identifiers (e.g, wallet address, email) after qualifying for KYC (management via 3rd party providers, we offset the responsibility to manage personal identification) the system sends you a WALLET/ID specific StrongNode NFT that is non-movable from your wallet. This NFT acts as your passport/token for entry into StrongNode infrastructure. As the system will know you only by your wallet address, as it will be tethered to several devices you will pair StrongNode with. (similar to how you pair Spotify onto your TV).

Manho | Minted Lab SSO solution for crypto! What a service! Can’t wait to see that:)

Daniel Saito So the requirement is that if you have any digital devices, then you just install and forget. Earn crypto passively. We want users, not your crypto. If you want to trade $SNE that's a different question, then we want your crypto. Daniel Saito @minted_admin Quick question - how many digital devices, do you have around you?

Manho | Minted Lab Ah. Tons. Television, iPhone, Laptop.. literally hundreds lol

Daniel Saito I take it that you are not using all these digital devices all at once?

Manho | Minted Lab Nah, not using all these at the same time

Daniel Saito So your wallet would be paired with numerous devices you have in your household. Working for you as they are plugged into the wall. Given that South Korea has very good broadband connectivity, South Korea's region would be a super fast EDGE node.

Manho | Minted Lab Indeed, I should run the EDGE node!

Daniel Saito You should. will give you time to translate. Additional note: Over the years we worked with the best of the best WEB 2.0 companies and enterprise clientele. When we were working at MySQL and MariaDB we help architect several consumer brands technology (Samsung, Kakao, Daum, Naver, KT, Korea Department of Defense, the list goes on.) what we noticed with this clientele - is the requirement for compute and low-cost computing.

Q3. @bhlee4980
What is your project's plan to increase the number of active users and what motivates users to hold 'SNE' tokens for a long time?

Daniel Saito We want the hurdle for user adoption to be low. We are targetting non-crypto people to earn passive income, they don't need to know that it is crypto running in the background. We are going for mass consumer adoption, and to help people onboard them into this world of crypto.

With that said, we need the crypto aware audience to help jumpstart the networks in Korea. As for the folks that will want to hold the $SNE token for a long time (which we hope you do). We want to get the $SNE token to as many wallets as possible, the value of our token will be dependent on the size of our network and adoption, it's the value of the overall network. I see a world later on in 4 years time, that if we can tackle at PETABYTE scale, wow. The valuation of our network would be very high.

Of course, we will have other mechanisms in place to earn more $SNE with our AMM farms and yield optimizer algorithms. We will also have staking of $SNE and staking your uptime if you are an ENTERPISE NODE.. various hooks. We will work with our 3rd liquidity providers, our partners at QUICK SWAP will provide Liquidity Pool management.

So there will be several DEFI hooks onto our platform where the users are incentivised to HODL as long as they feel that they are comfortable with our product offering.

We believe in the long term value of growth for our investors and our network. The longer that they keep HODL(ing) our coin in their wallet they can benefit.

Manho | Minted Lab Alright since we have limited time for this AMA session, let’s move on to the next one

Daniel Saito We believe the "install and forget" model will have a lot of HODLrs in the network.

Q4. @vetataster
What are the advantages of me participating in the node of StrongNode? And let me know how to participate.

Daniel Saito The advantage is at no cost to you. It would probably take 5-8 minutes to install and get it configured. Axie Infinity taught us that you can play to earn, well what we want to teach is just install and earn. We will have more details available here on our socials as it comes available:

🗯 https://t.me/strongnodechat 🗣 https://t.me/strongnode 📚 https://twitter.com/StrongNodeEdge 🎟 https://discord.gg/Gk2ka3NCR6 📚 https://medium.com/@strongnode 🥮 http://strongnode.io

Daniel Saito Additionally, the fact you will know that your spare processing/network/storage can be used to help solve a lot of today's world problems. Immediately we have BIG DATA from clienteles that need low-cost computing to solve DATASET against COVID, Global Climate Change, Etc..

Q5. @parkgwangeun
1) The StrongNode team is curious about the role of the project, as-a-service (IaaS) technology is a key technology. 2) The StrongNode team plans to enter NFT-related businesses in the second quarter of 22, which NFT-related business are you planning to enter? 3) Currently, coin start is often developed in line with DeFi and NFT projects, and I wonder if the StrongNod team has plans to enter the business related to DeFi and NFT.

Daniel Saito A1.) Yes, Infrastructure is key. The Internet has connected a lot of us to many. Technology adoption has increased with recent events. Our lives have changed overnight in 2020. Going crypto helps it become more autonomous and decentralized. People are reevaluating their life, profession and relationship - but what doesn't change is their use and dependency on technology. With this said we want come up with a new narrative, as StrongNode is made for the new normal, to compute for a purpose. We are growing digital self, which is growing day by day through the emissions of DATA and our adoptions of NFTs and avatars (online personas). When I started one of the first ISPs in Japan, I wanted to connect people, I was very successful. When I launched two satellites into space, I wanted to provide information in high definition to everyone in Japan. When I launched my second ISP in the USA (SEGA.NET), I wanted to connect gamers around the world (low latency gaming).

A2.) Yes, we will be addressing NFTs in a BIG way. We will be addressing NFTs from showcasing ART, MEDIA and specifically MUSIC. We aspire to be able to become the backbone of hosting a lot of the NFT content (images, video and whatnot) eventually our network will be powerful enough with the uptime capable of hosting content.

A3.) NFT and DEFI, I can see it play into one of our portfolio projects currently being incubated in our incubation labs. Which will open up financing later.

The AMA ended with all these amazing questions and Daniel Saito was able to deliver great answers to them all.

Don't forget to follow all the social media handles for updates about the project and be on the look for the project token IDO

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