We sat down with the Critical Roll team for the following Q&A
Q: Congratulations on this new project called Ol’ Musky. At Rug Busters we always tell our community to be sceptical of tokens with the name Safe/Moon/Mars/InsertanyDog name/Elon. Why did you use an Elon reference as your token name?
A: For the exact same reason why everybody should be sceptical. It is meant to reference an older meme from 2017 where theonion.com had a fake interview with Ol’ Musky. The whole reason is to stop useless meme tokens which only invite scammers to trick people - we will try our best to stop that by providing unique community growth amplifying technology.
Q: Looking at the tokenomics, you have high meme-coin characteristics: Slippage/Burn/re-distribution. Would you say Ol’ Musky is a meme-coin or more of a utility coin and why?
A: The tokenomics are designed to withstand an early pump and dump as well as provide a long term survival for the asset. It is designed to be an actual Community-Token, where rewards will be sent in BNB. Everything will be automated through our CIRI bot in the Telegram group, so a growth in holders and therefore value can be guaranteed through community effort.
Q: Can you go into the Tokenomics and explain why they are what they are?
A: Much thought was put into different possible mechanics and we chose what we did for the following reasons:
* 2 % Redistribution to all holders -> Holding will be rewarded (there are different bonus-levels for holding tokens and earning CIRI- Farm-Score)
* 2% Hot Burn - removing tokens from existence -> this will directly increase the single token value. The tokens are not sent anywhere, they are literally removed from existence (total supply will decrease).
* 4% Conversion to BNB -> This concept will catch on very soon, since having a reward in BNB removes all the risk from staking tokens on a wallet for rewards.
50% is reserved for operations, development and marketing, and the other 50% for community rewards.
100% of the LP tokens will be locked on launch via DxSale for one month. We know from experience that even with rigorous testing there are still chances of something not working as expected after launch and we don’t want to have everybody’s money locked for more than a month to a “broken” contract. We will however lock the LP immediately after the first period but not through DxSale.
Q: How does Ol’ Musky work? What can people do to earn those BNB?
A: All possible ways to earn BNB can be found in our Telegram group by typing "/rules". To keep it simple, hold OLMUSK tokens, invite friends into the telegram group and get likes from other group members to earn Farm-Score.
Your share of the community wallet is calculated as follows:
(Your Farm-Score / Sum of all Farm-Score) * Community Wallet BNB
To put it in a simple mathematical equation let’s calculate like this. If there are 10 BNB in the Community Wallet and you have Farm-Score of 10 and the sum of all members’ Farm-Score equals 100 , you would receive 1 BNB, formula: (10/100) * 10 BNB = 1 BNB
In the future there will be many different ways to earn Farm-Score, the only limitation is one’s creativity but for the launch we will have the /friend feature and the /like feature ready and live.
Q: Part of the interaction with the Telegram bot is registering your wallet-address. How can users be sure their wallet stays safe?
A: There is absolutely nothing at risk by posting your public wallet to our CIRI bot. Any wallet can be registered, e.g. a newly created one, especially for this bot. The only condition will be to hold a minimum of OLMUSK tokens. We are currently working on storing all data in another contract so nothing needs to be centralized and everything will be running fully automated through the blockchain!
Never Ever post your private key or passphrase to anyone anywhere!
Q: This project is heavily reliant on interaction of users with your proprietary developed bot CIRI. Can you tell us about the current features of the bot and if the project will evolve over time as the bot itself evolves?
A: Everything starts with a simple registration to CIRI (Bot). From there on almost everything is possible and highly scalable. On launch we will be providing the core features of adding a friend and liking someone's message as well as an instant request to show your current Farm-Score and associated BNB reward.
Currently we are working on the bonus-level reward for holding OLMUSK tokens - the more you hold, the more Farm-Score you get.
The next big thing will be the submission of social media posts, with a reward for the top ranked submissions and of course the implementation of the MLM where you will receive Farm-Score for your friends network of friends. Many more features are still being planned and further details will follow in the near future.
Q: We can't wait for the Ol' Musky project to go live. Can you tell us a little bit more about Critical Roll, the team behind this project?
A: We formed this group of close friends who are all into crypto investments and trained in many different professions technology wise. At our core we can cover marketing, trading, analysis, design and software development. Seeing the possibilities of crypto assets and the overwhelming scams that follow them, we took our chances and started from zero with nothing more than our free time besides our “regular” jobs. We were able to catch on quickly enough to embrace our own ideas and we try our best to providing a token that is safe, fun and 'somewhat' useful.
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