AMA with BlueMove, the next IFO project on PancakeSwap.

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PancakeSwap

9 min readFeb 9, 2023

Hello CAKE holders! 🥞

We will have the next IFO with BlueMove on February 9th. We held an AMA (Ask Me Anything) with Jack and Craddy from the BlueMove team to get to know the project more! If you missed participating in the AMA, read this article and learn about their project. This time, an Aptos NFT Marketplace.

What is IFO?

IFO (Initial Farm Offering) is the event in which you can buy brand new tokens using CAKE tokens🥞

How to participate?

Read the detailed instructions on our document site 👇

https://docs.pancakeswap.finance/products/ifo-initial-farm-offering/ifo-guide

Please refer to the IFO page on our website!👇

https://pancakeswap.finance/ifo

BlueMove IFO will be the first IFO on Aptos Network and will be held with our Unlimited Sale IFO Format 👇

Method: Unlimited Sale (Conducted via the Overflow method)

There will be no entry requirements for this IFO.

However, to participate, you will need to hold $CAKE on Aptos. To get $CAKE on Aptos, please refer to this $CAKE bridging guide.

In addition, you will need $APT for gas. To obtain $APT, please refer to this $APT coin guide.

For more info, you can check our 👉 BlueMove IFO Announcement

Opening Words From BlueMove

Jack: Hi guys. First of all, I want to give a special thanks to the PancakeSwap team for celebrating the AMA and other thanks to the community joining us today.

Allow me to introduce myself and our project. I’m Jack Smith — the Chief Marketing Officer from the BlueMove NFT marketplace.

To talk about our project, we launched our platform in August 2022 and we are a community-oriented NFT marketplace that operates on Aptos and Sui Blockchains. We reward traders, collectors, and creators for their participation providing a platform for creators to easily create and list their NFT collections for buying, selling, and trading. With full functionality and seamless web and mobile experiences, we are a comprehensive, all-in-one platform for NFT enthusiasts.

Questions from the BlueMove Team

[Q1] What are the utilities of the Move token?

Basically, MOVE is the utility token that is used for:

Staking Incentives: the main purpose of the MOVE token is to reward users who are staking MOVE. Stakers are rewarded the transaction fees from the NFT marketplace. After staking MOVE, their MOVE will be locked, and the users will receive the iMOVE respectively with the amount of MOVE and the staking period. Users are able to collect network fees in $MOVE or $APT, and rewards and paid out daily based on the iMOVE they are holding. Similarly, buyers and sellers are rewarded with $MOVE if their NFT is sold on BlueMove. It will be live on the 9th of April, 2023
Staking incentives (receive NFTs from partner projects): the users will be able to receive the NFTs from BlueMove’s partner projects when staking their $MOVE to staking pool NFT rewards. IIt will be live 12 hours before TGE
On-chain Governance: users may stake MOVE to gain voting power and participate in the governance process to change product parameters. It will be live at the same time with Staking Incentives:
Product development: MOVE revenue from transaction fees will be used for future product development and ecosystem growth. Starting on the 09th of April 2023, 100% of all trading fees are distributed to iMOVE holders
Free-mint/Whitelist Pool: holders who have staked $MOVE will be able to join the launchpad of Free-mint projects and participate in the Whitelist Pool of other projects launchpad on BlueMove. It will be live 2 weeks after TGE
Unique membership rights: Users will gain tiered benefits on the platform, enjoy retroactive incentives from BlueMove, and have privileges when joining BlueMove products/services or participating in events from strategic partners.

[Q2] What makes BlueMove unique?

We offer a comprehensive and convenient NFT trading experience. One of the key features that sets us apart is our support for mobile devices with an in-app wallet, making it easy for users to access and trade NFTs on the go. It provides a seamless experience for users of both web applications and mobile applications.

As a multiple-chain NFT marketplace, our platform allows users to trade NFTs built on different blockchains on the same portal. It makes it easier for users to buy and sell NFTs as they can trade different NFTs from the same interface.

Our platform is designed to be user-friendly and intuitive for both traders and developers. It bundles all-in-one functions to bring the best experience for the customers. The notable functions include:

Launchpad Staking, NFT Bulk transactions (bulk buying/bulk listing), Mint tracking are live
Automated trading, NFT lending, and NFT order book are going to be implemented in the upcoming development

[Q3] Why did the team choose Aptos for building the platform?

At the time we researched, Aptos was among the most discussed L1s, with many venture capitalists (VC) expressing investment interest in them. It showed much promise to blockchain veterans as these web3 startups are formed by ex-Meta (formerly Facebook) blockchain developers, and their infrastructure is based on Meta’s abandoned blockchain initiative, Diem. The Aptos blockchain has been developing rapidly and has done an excellent job of optimizing its current design

[Q4] What were your project’s achievements that made you satisfied?

We are proud that we have built a platform for the community and are well received. I still remember when we first launched; we received a lot of love from the users. That gave us a lot of motivation to continue the project.

In addition, we are also proud to bring to the community new and different experiences when participating in the NFT market. The highlight is the in-app mobile wallet to increase the user experience.

[Q5] Why did you choose the name of your project BlueMove?

It’s a pretty interesting story. We wanted a name that was both meaningful and memorable. As you can see, we were inspired by the Aptos Network with the foundation of the Move programming language. And our ambition is to become a platform that has a reputable name in the community, like Blue chip in Poker games or Blue chip stocks on securities.

Pre Collected From Google Form

[Q1] What is the difference between BlueMove and OpenSea features? Are you confident that you can win the market?

A few basic differentiating features between us can be mentioned as follows.

- Independent ranking system, applying AI technology to NFTs without attributes, especially in the present when many NFT collections made from AI will not have an attribute

- Personalization system according to profile, honoring top traders, personalizing each rank NFT according to mythic, legend, epic, rare, uncommon, common

- Buying and selling NFTs on mobile apps is available on both Android and iOS, making it easy for users to buy and sell NFTs anywhere

- The listing/trading reward feature (not yet live) helps grow users and the platform’s revenue will be shared with MOVE stakers in the future

- Release speed is faster than any other project

We are confident to create a special product in this market.

[Q2] The NFT creation engines that are currently on the market are very good but some of them have compatibility problems for multiple blockchains, does BlueMove creation engine support multiple blockchains or is it only compatible with a specific one?

Our engine currently only supports Aptos and Sui. We plan to expand our reach by adding more blockchains in the future. Of course, our platform will support the creation of NFTs on the other chains too

[Q3] Does BlueMove have any plans to implement AI on its platform?

That’s a good question. We have already been utilizing AI on our platform. The notable features have been used by AI, such as automatically ranking NFT, NFT recommendations, and customer care services (https://bluemove.online). We are also going to incorporate AI into other features to bring the best experience to our user

[Q4] What is the vision and mission of BlueMove, and how does it hope to contribute to the growth and development of the NFT ecosystem in the future?

Our mission is to drive growth and development in the NFT ecosystem by leveraging the convenience of mobile devices to reach a wider audience, even those without knowledge of cryptocurrency or NFTs. Our solution is to provide a user-friendly interface for new users, enabling them to experience NFTs anytime and anywhere. We aim to increase liquidity and boost the overall market by providing unique features, such as an order book for NFTs. Our focus on innovation and accessibility makes BlueMove dedicated to shaping the future of the NFT landscape and facilitating its growth for all.

Our vision is to establish ourselves as the top choice for NFTs in the next decade, providing a smooth and accessible experience for all users, regardless of their prior knowledge or experience with cryptocurrency or NFTs. With an intuitive interface and innovative features, we aim to be a driving force in the NFT ecosystem, promoting growth and development. In ten years, we envision ourselves as the go-to destination for NFT transactions, like Amazon or Alibaba on e-commerce now, allowing everyone to buy, sell, and trade anytime, anywhere, with various payment options available.

[Q5] Do you plan to expand to other blockchains, and will you create a bridge between them?

We’re a multi-chain NFT marketplace that supports Aptos and Sui at the moment. For sure, we will be extending our platform to other blockchains in the future to broaden our reach. As for bridging, we’ll be discussing with our partners to use bridges to allow NFT transfers between blockchains.

Live Q&A

[Q1] After staking MOVE, MOVE will be locked and user receive iMOVE according to MOVE amount and staking period. After the staking period is over, will the user still have iMOVE? Or can iMOVE be exchanged for MOVE?

After the staking period is over, the user will be receiving their MOVE tokens back. The iMOVE which users have from the staking will decrease monthly till the iMOVE goes to zero. Let me give you an example. Suppose, you stake 10 MOVE in 12 months, After that, you will have 120 iMOVE, after a month the iMOVE is decreased to 110 iMOVE, and so on. After the period finishes, you will get 10 MOVE back and there is no iMOVE anymore. Obviously, the iMOVE can’t be traded on any exchanges

[Q2] How about gas fees on BlueMove?

The gas fees depend on the blockchain, not belonging to BlueMove. About the transaction fees, we are the NFT marketplace with the cheapest prices on Aptos marketplace. 2% for each successfully transaction

[Q3] BlueMove only allows trading with APT. Will there be NFT trading with stablecoins (USDT, USDC etc.)? What other cryptocurrencies will we trade with?

Now only APT is supporting on BlueMove for trading. But we are considering extending more trading methods for users such as MOVE, USDC, etc. We want to give our users the best experiences with our product, and extending the trading method is one of it

[Q4] As the leading multi-chain NFT marketplace, does BlueMove exclusively only for Aptos and Sui Network ecosystem? May we know who will be the main target audiences?

We are the marketplace currently working on the Move ecosystem (Aptos main net, Sui net work). Definitely, we are going to extend our platform to the other blockchain for reaching a lot of users. Especially, with the mobile version which crypto in-app wallet, we will also reach out to the guys who are not familiar with crypto and then make them easily join the NFT and Web 3 space as well

[Q5] What is your roadmap plan for 2023? Can you share with us?

In 2023, we will be developing very actively on both Aptos and Sui networks. Especially, the Sui main net will be probably going released between quarters 2 and 3. Besides that, we will eager to develop more features both web applications and mobile applications to bring convenience to our users. We are targeting 1M users at the end of 2023

BlueMove Quiz

The BlueMove team prepared a few questions in a form, this form was shared and it remained open for 5 minutes. Users had to fill their public wallet address (not their private keys), Answers and Telegram/Discord username. The first users who answered all the questions correctly won prizes!

If you want to participate in this kind of events, follow up in our social channels to find out when the next AMA will be!