Ryoma (Bakumatsu Finance) AMA Recap
Bakumatsu Finance is an aggregated gaming, game launching, and asset-transaction platform.
On September 29, Yu Yamaguchi, CEO of Bakumatsu Finance joined us to answer our questions.
Yu Y, CEO of Bakumatsu Finance
I was an e-sports enthusiast at the beginning and later joined the e-sports team. I created PACkage, the company with the largest traffic within Japan’s game field, leading more friends to join the e-sports industry. Now I’m the CEO of Ryoma (Bakumatsu Finance).
Questions from the CryptoRank team
#1. What is Bakumatsu Finance? And how does it work?
Yu Y.: – Bakumatsu Finance is an aggregated gaming, game launching, and asset-transaction platform, so-called GameFi DAO. Within Bakumatsu Finance, you can enjoy games with the Game Center, trade game tokens with BakumatsuSwap, trade game props, mint and sell personalized NFT in the virtual store. Through NFTs, RYMA token, and Token X, Bakumatsu Finance has provided a one-for-all solution for gaming tokens, serving the entire gaming ecosystem and enabling each of this ecosystem’s participants.
#2. Where did the inspiration for creating and developing Bakumatsu Finance come from?
Yu Y.: – This year, as the price of BTC continues to climb, more and more high-quality blockchain projects stand out. At the same time, the game industry is also exploring blockchain. Especially, this year, the concept of GameFi has impressed many game industry practitioners a lot. This is because it is interesting – the P2E approach is very good to the C-side, while it also empowering a lot of B-side companies with great opportunities. Ryoma (Bakumatsu Finance) aims to become the GameFi DAO for game development, distribution, and item trading. Ryoma NFTs are the equity licenses of the platform, and Ryoma Token is the functional token of the platform. GameFi will continually build financial infrastructure for the future, while Ryoma (Bakumatsu Finance) will also open a door to the metaverse for users by creating a complete GamefiDAO. The advantage of our design is providing a P2E game way to gamers, which offering considerable profits while playing the game. When our users want to earn more rewards, they need to play different games within Ryoma’s ecology. In this way, the traffic problem of game producers will be solved.
#3. Could you briefly describe the milestones Bakumatsu Finance has achieved and your upcoming plans?
Yu Y.: – As a milestone, we got hot positive feedbacks from the market once launching the project and finished our $20m worth of crypto financing in Japan within a short time. This made us realize the craziness of the market and how attractive Bakumatsu Finance is in Japan.
Over the next several weeks or months, we will widely collect feedback from our community, launch Bakumatsu Finance 2.0, and launch three games (RPG, card, and business). We will try our best to provide an excellent user experience while at the same time we will also introduce more of Japan’s broadly influencing IPs and empower Bakumatsu Finance. Bakumatsu Finance will officially work together with the popular Japanese actress 桃乃木かな(Kana Momonogi). Soon we will launch a big campaign with her, and give a great bonus to our users.
#4. In the long term, where do you hope to see Bakumatsu Finance in 5 years?
Yu Y.: – Our goal is to get at least 8 million users and 500+ GameFi teams that launch their games on Ryoma (Bakumatsu Finance), in 5 years.
Questions from Twitter
#1. With which feature do you plan to bring innovation to the sector?
Yu Y.: – The field Bakumatsu Finance focusing on is GameFi. Our biggest advantage is the business model we’ve designed in Ryome. With that, we will bring innovation to the sector. Bakumatsu Finance is a blockchain game application exploration that combines NFT and DeFi:
Bakumatsu Finance’s economic system consists of homogenization Token X and NFTs(weapons, props, and other non-homogeneity assets). Interactions can be freely achieved through BakumatsuSwap and the virtual store. Users can participate in asset liquidity mining in BakumatsuSwap to obtain RYMA tokens.
The NFTs we will launch will not only be for collection and transferring properties. Their practical-use values will be reflected through the game. We will also develop a series of different types of games around these NFTs to increase the varieties of Bakumatsu Finance and amplify the concepts of metaverse or GameFi. As a result, the playability and profitability will reach a balance and the players will also have more Play-to-Earn options.
In order to increase the liquidity of NFTs, we’ve also set up an automatic blind box auction system and a lending system.
Ethereum network’s congestion problem makes its gas costs remain at a high level, which has become an important reason restricting its development. Before it completes its ETH2.0 upgrade, we will provide solutions based on ZK-Rollup Layer2, providing users with a low-loss, high-performance experience.
#2. Do you have any plan to partner with a big exchange this year?
Yu Y.: – Yes, we’ve been approached by several super exchanges. We’ll choose the proper one as our partner. And get listed on big exchange when we’re ready. Please keep following us for future updates.
#3. Where I can get the latest updates or more information about the project?
Yu Y.: – We have social media for fans to get the latest information:
Questions from Telegram
#1. How Do you planning to promote your project in different countries, where English is not spoken well? Do you have a local community for them to better understand your project?
Yu Y.: – We’ll recruit localized ambassadors and build localized communities. All the community members will get rewards by making contributions to the project.
#2. Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one?
Yu Y.: – Yes, we have planned for that. It’ll be announced a few weeks later.
#3. Who are your biggest competitors now? What are the advantages that your project can beat competitors?
Yu Y.: – I think that GALA may be our biggest competitor for now. As a Japanese team, we have greater advantages for the design of the business model comparing with other GameFi teams. Our products support C- end and B- end users to obtain the resources or benefits they need on the platform simultaneously. This win-win model will beat our competitors.
