Flame Token
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Here is the summary of our first AMA on Wednesday, 4 January 2023 with Robert Knapp, CEO & Founder of Flame and Sharesome.

Robert did a short recap of the company's approach and mission.

1. The team always hat the approach to building the utility for Flame Token (XFL) before the launch of the token. The product (Sharesome) is live and Flame Credits are already in use on the platform to purchase ads and gifts.

2. The mission of the team is to build a sex-positive social media site with a Web 3 layer on top of it because it doesn't exist. Mainstream social media is basically a sex free zone. Sex is a substantial part of life. Sex is one of the most basic human needs, next to food, water, and shelter. People will always want to discuss and portray it in the spaces they inhabit.

Sharesome is live:
1.8M MAU
400M post views
8min visit duration

In 2022 the team was focused on monetization features for Sharesome.

- Social Subscription: We added Sharesome Pro, a paid subscription that includes Priority Support, No Ads, Stories, Analytics+, (and soon: Save for later). We are still experimenting with pricing and features.
- We improved Promoted Posts.
- We improved Promoted Profiles.
- We added Promoted Topics.
- We added OnlyFans Promotions.
- We added Banner Ads.
- We added a Dating Link and a Leaderboard Banner.

We believe that the market for a new social media site is good in 2023. After Elon Musk's Twitter takeover, new projects are booming: Mastodon, Hive Social, Counter Social, Post, Bluesky, Mozilla.social. We believe that this helps Sharesome to grow as an alternative to mainstream social media.

The team build also new features around Flame Token.

- We build Flame Wallet v2 on Sharesome.
- We build the Flame Token Bridge. (You can send now ERC-20 Flame Token to Sharesome and receive Flame Credits.)
- We build a live scanner for Flame Credit transactions on Sharesome: https://xflscan.io/
- Lifetime referral program: We build an Earn On Autopilot feature (based on a 5% lifetime commission).

We believe that the market conditions for any utility token in 2023 are super bad. The crypto market is after the bankruptcy of Luna/TerraUSD, Celsius, Three Arrows Capital, and FTX in free fall. We believe that we will see more failed projects, but that the future for solid projects like Flame Token and Sharesome is bright.

Most projects that failed recently during the bear market were only pumped up by speculation in the first place. As Flame Token has utility tied to the real world (advertising on Sharesome) people will continue purchasing it regardless of what happened in the wider crypto market.

The team is working right now on the 2023 roadmap.

For Sharesome, we are working on a TikTok-like feed. We believe that this is how people want to consume content our days. We still keep the classic feed for making connections and discussions.

We also work on NFT integration as Sharesome collectibles. This is still in the project phase and therefore we carefully look at how others do or did this, aka Reddit, Twitter, and Instagram.

Regarding Flame Token, we are working actively on an Initial Exchange Offering (IEO) on a Centralized Exchange (CEX). This is no easy task, especially after the bankruptcy of FTX. We have for example been hoping to list our token in December 2022 on AAX, but soon after the confirmation of listing, AAX halted all transactions, including the processing of trade orders and withdrawal requests, and might be next to go out of business. We will keep you updated on our talks with the different CEXes.

We also work on tokenizing the shares of our company Flame Technologies AG in Switzerland. This will be clearly securities, but as we believe in ownership, this is for us the path forward to include creators as real shareholders in our community. There is a blog post about this topic:
https://medium.com/sharesome/from-dont-be-evil-to-can-t-be-evil-826062c61ed2

You can read also "What’s next for Sharesome?"
https://medium.com/sharesome/whats-next-for-sharesome-340a832669cf

Finally, Robert answered some questions from the community.

We put out an offer to the former Nafty Community that we will buy back all Nafty Tokens from the market for Flame Tokens at a fixed value of $0.0001 per Nafty Token, after Flame Token is listed on a Centralized Exchange. Unfortunately due to the market conditions, we don’t have a roadmap yet for the listing of Flame Tokens, so all we can say right now is that you need patience and that we will keep you informed about our listing discussions.

Right now we talk with several CEXes, but as even the market leader Binance is under pressure, it's not an easy task to decide which of them has a solid business up and running.

We also put the offer out that with the launch of our NFT marketplace, all owners of a Nafty Angel or a Nafty Doll will be able to claim a free Sharesome Collectible. You guys asked if we already have plans for the valuation of the Nafty Angels or Nafty Dolls. We do not. We have not even started to think about it as we don't know what the Sharesome Collectibles will look like. They could be basically Avatars only, or they could be Collectibles with real-world utility. We will not start working on any implementation before March 2023.

The next AMA will be on Wednesday, 11 January 2023, @ 19:00 UTC on Discord:
https://discord.gg/MmHD77aW?event=1060504896924823572 ... See more
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