BW.com AMA with Zokki Rehar the COO & Product Manager of JUIICE (JUI) , probe into future add-ons and global expansion of JUIICE
The AMA (Ask Me Anything) held by the BW.com official telegram, and invited Zokki Rehar, the COO & Product Manager of JUIICE at 19:00 Jul 24 (UTC+8). In almost 60 minutes, Zokki answered all the questions in terms of the global expansion and understanding of JUIICE. He also shared his story behind JUIICE.
Here is the editor record：
Section 1: Introduction and AMA
Q1
Host： It is our great pleasure to have you here with us today to share about JUIICE. Firstly I would like to ask you to give BW users a brief introduction about JUIICE
Guest：Thank you for your question and it’s my pleasure to introduce our project to your community.
JUIICE was born back in February 2019 and we’re working on it since then heavy. We have working online platform, android app and in a few weeks iOS app coming. Our users are already earning rewards by interacting with our platform.
Juiice is not like any other social media platform or app. With us, every registered user receives rewards in our JUI token for their interaction and involvement. In short, if you interact with the app, upload, share our videos and pics from users, everyone is rewarded. From content creator to the one who shared the content. We believe everyone should be rewarded for making our app successful. Not like other platforms, where they take all revenue made because of users.
Our purpose is “Rewarding Philosophy”, so we’re making the tool, where you receive rewards for interactions you’re now doing for free! Users are a valuable resource for any platform and are exploited without any proper compensation!”
Thank you very much for the introduction.
Q2
Host： What problem does JUIICE aim solve?
Guest： Mainly we’re solving problem in social media area. From all major platforms that are now popular, like TikTok, FB, Twitter, etc… users are the one who makes them rich and positioned them where they are. People have power and we saw that with recent TikTok challenges. How certain group can influence on the price of token for example. We see blockchain technology perfect for what Juiice stands for and we want to decentralize the social media revenue and reward people who help us become successful project. Also, we’re not targeting just the ones who have lots of followers and are famous. We’re targeting micro influencers and every day user. So basically anyone can make some extra with us.
Q3
Host：Thanks you so much. Next question: What is the background of JUIICE project. How did you come up with the idea?
Guest： I got an idea some time ago, but when I entered crypto world and learn a bit about blockchain technology, it was obvious we can do something big with the idea. I’m in online business for some time and even normal user can see that all those big platforms are stacking up huge profits, but on the other side, people who made them big are not compensated for their work and time spent behind the app. So we want to change that.
Our algorithms are measuring each user and compensate the user with proper amount of Juiice tokens for that. At the beginning, our first users will receive more, because they are the ones who will spread out the word and make it successful. So sooner anyone signs up, more tokens will come to their wallet for their interaction.
Q4
Host：What is the road map of JUIICE?
Guest： I’m happy to say, that we’re right on track as we planned. After the IEO and expension of our team, we will be focusing on gamification inside the app and adding some tools for micro-influencers. So they will be able to understand and easier share our user-generated content. What I’m most excited is upgrading our live streaming options, adding some features similar to TikTok, 9gag etc and connect all to blockchain. The good thing about Juiice is that we can adopt and integrate any technology and present it to our users as earning tool for them. By the end of the year, we’re planning to integrate some of the latest technology like AR (augmented reality) and by interacting with our little games and gamification tools, people will be able to spend or earn Juiice tokens. Everything will be backed by blockchain technology.
We’re also exploring other possibilities and expand our app to use also other crypto assets and so earn those too. I suggest all our users follow our channels and our announcement pages, so they are on track with what we do and where we at.
I must say again, that the good thing about JUIICE is that, we can adopt and integrate just about anything to our app and use it in our and users favor. We’re planning to have huge community, so with huge community, you can make things work faster.
Q5
Host：Can you give us introduction about the team behind JUIICE?
Guest：Me, myself (Zokki Rehar — COO of Juiice) I’m in online business since 2001 and mostly did marketing, SEO and developing CMS’s. Since late 2016, when I got more involved in crypto, I’m now dedicated to this technology and working closely with devs to understand it to know what we can do with it.
Mladen Babic, our CEO. He has a 5 years’ experience in the crypto world as an ICO advisor and ICO analyst. Being an expert in this field, he worked with several ICOs back in 2017 and help them succeed by building a strong foundations and community.
Junior Presezniak is our senior developer working with me closely for the past 10 years so basically he is our magician. He works and leads dev team including the one who works on our blockchain part.
Fluper Ltd. Is a company we work with when it comes to developing mobile app for us. Fluper is a huge company based in India with offices all over the world and 300+ employees. They have created some really big apps and we trusted this part to them and so far we are happy to work with them and we will continue to work on developing more tools and features for our apps.
Silvo Fortuna is our community manager. He knows everything about our project and if anyone have a question regarding Juiice, come join our telegram group or follow our Twitter channels. He is making posts and answering questions in the group.
There are some other team members like Sanja Babic — content manager, David Tomsic — our editor and copywriter, following some great advisors like: Ozbej Drmota, Daryl Naidoo, Robert Gazvoda, Tilen Cuk, Anze Zurbi etc… They all have a certain expertise in blockchain technology, so we’re glad we have them and looking forward to get advisory inputs in the future too.
Q6
Host：What is the token economy of JUIICE token?
Guest： The public Ethereum network will serve as the settlement layer for JUI tokens, allowing for transfers, purchases of virtual assets and reward distribution to be made directly on the blockchain. Smart contracts will automatically execute transaction payments and the distribution of rewards without the participation of a third-party intermediary.
Moreover, Juiice will use smart contracts, allowing advertisers to set their own requirements and preferences. Once the influencer agrees with the advertiser’s offer, the terms will be written into the smart contract, which will then be sealed with a timestamp and put onto the blockchain.
When it comes to payments, one of the biggest advantages of using the blockchain technology in the advertiser-influencer relationship is the ability to offer an escrow. Both the advertiser and the influencer should be motivated to successfully fulfil contract obligations by placing a deposit in JUI tokens.
Q7
Host：Can you give us some information about current JUIICE community status such as how big is the community and where is the main community?
Guest：Sure, I am happy to share this numbers with BW community. We’re very proud that we have pretty big community already and we’re growing daily. But of course this is just the beginning. Our Telegram group as of this moment, have a little more than 27,000 members. Our online platform and app have around 39,000 registered users and I would say around at least half of those are active users. Active user for us is when someone make a post, visit the site, interact with etc… We also have a nice follower group of people 19,000+ on Twitter.
After the IEO, we have several marketing strategies planned, so we will expand and drive even more users to our app and also to BW exchange. Since our users become an instant JUI token owners when they register.
Q8
Host：You mentioned, they become instant JUI token owner after registration. What do you mean by that?
Guest：At the moment, we’re running a special reward for any new Juiice app or online website user. We created Juiice Reward Pool and dedicated 1,500,000,000 JUI Tokens for all new users and we reward them for registration at our app or platform, also for sending new user to us and even completing your profile. In total you can earn 10,000 JUI tokens just by registration and completing your profile. After that, the more you interact with our site, the more you share or upload, the more JUI tokens you receive. After the reward pool is completed, we will distribute those tokens to our users, so they can HODL, sell or trade. In the future, they will be also able to spend JUI tokens on several things. So I recommend all new users to stay tuned, grow with us and be patient. Big things are coming!
Q9
Host: Let’s talk about the future of Juiice. What you guys have in plan?
Guest：Alright, so the future of Juiice. We’re very excited about the IEO at BW.com since this is the first step our of many. After the IEO, we plan to expand our team and work on things we have in our roadmap. But of course, trends are chaning and we might adopt few things along. We see DEFI is very popular now, so we’re looking into this area also. How and what are the possibilites for us to get into that area also.
As I mentioned before, the good thing with Juiice is that, we can adopt, integrate and connect basically anything to our app and platform. But we will follow our roadmap and focus on that mostly. We will stick to our philosophy whatever we will do. To reward our users and make them earn some extra for them.
Q10
Host: How do we get the latest update from JUIICE?
Guest：Everyone can get the latest updates at our Telgram channel: https://t.me/juiiceltd
or follow oue twitter: https://twitter.com/comjuiice
For more detailed question, we have support team that will answer any question through email. Soon we will test live chat and see if it will do well. But we’re always available in our telegram group.
Some selected question from BW community:
Q1：Hi,I would like to ask: 1. I can see Juiice is running IEO now. I would like ask about the details about IEO. what will you do with the IEO money.
2. I can see a lot of users selling IEO coins after bought so coin price will dump. Do you have any way to prevent this? If the trading price below the IEO sell price what will you react?@yeler
Guest：Hello yeler and thank you for your questions.
With IEO raised money, we plan to expand the team, grow the community, do more marketing, and develop all things in our roadmap.
and regarding the dumping after IEO, only our private investors own certain % of our tokens and those will be locked for some time… so we do not expect any dumping after IEO
Q2：I would have a question, how the Juiice reward content producer, via some sns platform? can i have an example? thx!@cynthialau
Guest：Hello Cynthia Lau, thank you for your question.
Our algorithm measures interactions in our app or online version on the website. Based on your posts, shares, uploads… we see how much certain post brings in the revenue and based on that, user receives rewards.
Also, content creators can receive “tips” from other users that they like what they post. This feature will be perfect at our live streaming option. We already have basic ive streaming developed in our app, you can check it out. But soon after IEO, we start to build and add new things to app heavy.
Thanks for watching this AMA.
More information for JUIICE:
Telegram channel: https://t.me/juiiceltd
or follow their twitter: https://twitter.com/comjuiice
Also you can reach us:
BW official website: www.bw.com | www.bw.io
BW official telegram: https://t.me/BW_support
BW official twitter: https://twitter.com/BWWord
