PraSaga x IQWIKI AMA Recap
PraSaga AMA Host:
Let’s begin!
Welcome, everyone, to this exclusive AMA on Blockchain Encyclopedia, AI Agents, and Blockchain Layer 1 Scalability! We’re excited to host this session with two esteemed guests:
🎙 Michael Holdmann, CEO of PraSaga — PraSaga (t.me/prasagaofficial) is a Layer 1 blockchain purpose-built from scratch for true scalability.
🎙 Snow, IQ BD manager (https://t.me/everipedia) — world’s largest blockchain encyclopedia with thousands of web3 pages. We also built IQ GPT, an AI agent that pulls live data from sources like CoinGecko and Etherscan to answer both on-chain and off-chain blockchain-related questions.
Let’s dive right in and hear more from our guests! 🔥
PraSaga AMA Host:
Thank you, Michael Holdmann and Snow, for joining us today. Let’s start with some questions from our end:
Snow, IQWIKI and PraSaga are both contributing significantly to the blockchain space in unique ways. How do you see the integration of knowledge-sharing platforms and Layer 1 blockchains transforming the way we access and interact with decentralized information?
Snow | IQ 🧠: Hey! Firstly I want to thank you guys for allowing me to chat today!
The integration of knowledge-sharing platforms like IQ wiki with Layer 1 blockchains is a game changer for how we access and interact with information. The reason why we are on-chain is due to the fact that all edits on IQ.wiki are recorded on the Polygon blockchain with the transaction hash for each edit stored on-chain. The data and images uploaded as part of each wiki are stored on IPFS and the hashes are included on each page for the users to verify. By having a transparent, verifiable structure, IQ wiki can ensure that the knowledge we see is trustworthy and user-driven. With this, our community is governed by IQ stakers. The project moves the way our community wants it to move.
Thanks :))
PraSaga AMA Host: Thank you, Snow! What are your thoughts, Michael Holdmann?
Michael Holdmann: Thanks Michelle.
For PraSaga, our contribution as an integration partner with knowledge sharing platforms allows the end user to have full faith that the data is transparent to all the data inputs to the engine, mitigating the ability for actors to manipulate response or information the user is presented.
Knowledge sharing platforms integrated with SagaChain will give levels of detail not available in other blockchains due to the granularity of information that can be accessed with our architecture
PraSaga AMA Host: Thank you, Michael Holdmann!
What challenges do IQWIKI and PraSaga currently face in expanding adoption, and how do each of you plan to overcome these to grow your user base and community? Michael Holdmann, Let’s start with you!
Michael Holdmann: The biggest challenge for adoption in crypto is having the capital and resources to compete for mindshare with the VC funded projects which are spending 10’s of millions on promoting the project annually, giving grants to projects to move from one chain to another etc..
PraSaga has always been a project for the people, by the people, we look to community to be a big part of our grass roots growth. We have many programs now starting, with launch of private testnet stage. We started a Whale (our mascot) news channel on TikTok, are participating in AMA’s, running numerous coin bounty campaigns to get interaction with our social platforms.
PraSaga AMA Host: Snow, What are some of your challenges pertaining to adoption and how does your company overcome them?
Snow | IQ 🧠: The main challenge we see is simplifying information and making blockchain technology understandable. The web3 space is not very easy to interpret for many people around the world as it is something new and information is not easily accessible. That’s where IQ wiki comes in. We make information as easily digestible as possible for anyone. We also have a glossary of the week where we ask our X community to pick a word for the week for us to explain as simply as possible. IQGPT further makes information accessible by filtering out and finding the exact information you want or need by just asking it a question.
We are also trying to simplify the DeFi space to attract a broader user base. Right now, DeFi’s complexity is a major hurdle that keeps it from reaching the masses. Traditional financial systems are accessible to billions, but DeFi’s active users are still under 7 million as of 2024. This gap largely comes down to ease of use and understanding, as even experienced crypto users find navigating DeFi protocols to be complex, especially with the fragmentation caused by multiple chains and liquidity pools. To overcome this, IQ.wiki, alongside Frax, is building the EOAI (Enshrined On-chain Artificial Intelligence) layer, a blockchain-embedded AI that streamlines DeFi tasks. This layer will feature AI agents that handle liquidity, bridging, lending, and token creation, which will help users navigate DeFi without needing extensive knowledge or experience. By embedding AI agents directly on-chain, EOAI will allow users to perform cross-chain transfers, manage liquidity, and stake assets without dealing with the fragmented ecosystems of various DeFi protocols.
Thanks!
PraSaga AMA Host: Thank you, Snow. IQWIKI is known for its comprehensive blockchain encyclopedia. How does IQWIKI ensure the quality and accuracy of information in such a rapidly evolving field?
Snow | IQ 🧠: We have a team of editors to verify and update all of the content on IQ.wiki. This ensures that every page on IQ.wiki are just pure facts that have been carefully researched. To go above and beyond, we always ask for information about projects and cross check with them with every edit.
Thanks! :))
PraSaga AMA Host: Awesome, Snow. With the recent launch of the IQGPTChatBot, how do you envision its role in enhancing user interaction on IQWIKI? Are there any future updates planned for improving user engagement further?
Snow | IQ 🧠: Even a year ago, it was really difficult to find accurate information about the web3 space. However, now just by asking a web3 related question to IQGPT, it can answer within seconds. This allows users to find information they need almost instantly, accurately and reliably. For example, if a user asks about what PraSaga is, they can get information about your project and if they feel like they need more information they can search on IQ.wiki. We have seen over 150+ integrations with over 2 million users in a year. For upcoming updates, we are planning to implement IQGPT on X so people can access IQGPT on 4 different platforms: website, TG, Discord and X.
Thanks! :))
PraSaga AMA Host: Thank you, Snow!
Michael Holdmann, PraSaga’s focus on scalable blockchain infrastructure is exciting. Could you elaborate on how ‘smart assets’ differ from traditional smart contracts, and what advantages they bring to developers?
Michael Holdmann: Smart Contracts are individual programs that custodian the state of the asset and any accounts that have rights to some part of that asset. Smart Contracts limit the ability to scale a blockchain due to the limits of a smart contract only being able to do one transaction at a time.
Programmable Smart Assets are individual objects in a ledger that hold their own data and history (state). By removing the central data repository (smart contract) we are able to not only scale capacity of the blockchain, we are able to give each person and entity its own individual Account Container which all of your assets and tracks their history from cradle to grave, you custodian your own state. Smart Contracts, you have an account number that is placed in a smart contract and a viewer (wallet) that shows you an amount of an asset you have a right to transfer.
PraSaga AMA Host: Michael Holdmann, Thank you. What are PraSaga’s main goals for the next year, and how do you plan to position PraSaga’s technology in a competitive Layer 1 blockchain market?
Michael Holdmann: Our plans for rest of 2024 and 2025 are:
1) release the private testnet software development environment
2) close the remaining public testnet node staking round (only 1000 total, 750 remaining)
3) whitelist for both mainnet node operator staking and public sale
4) public sale for community growth
5) list a wrapped SagaCoin in first half of Q1 2025
6) continue discussions with accelerators/incubators to participate in our Grants program
7) continue efforts for programmable smart assets to be international open standards for how assets are represented on a blockchain
8) launch public TestNet
9) launch MainNet
10) list native SagaCoin and convert all wrapped coin 1:1 for Native
For positioning, we will are on the belief that mass consumer adoption comes through the introduction of new or improved service delivery from their trusted brands. The problem with crypt today is it adds more tasks to a complicated existence, technology adoption only see mass support if it is presented without need for a technology degree. We will look at both Web3 projects for near-term demand of coin, while at the same time, deploying a long-term legacy/enterprise strategy for sustainability.
PraSaga AMA Host: Thank you Michael Holdmann and Snow.
Snow, Looking ahead, what are the long-term visions for IQWIKI, and how do you envision contributing to the future of Web3 and decentralized applications?
Snow | IQ 🧠: Looking ahead, IQ.wiki is setting out to make a big impact on Web3 by creating an easy, AI-powered way to engage with DeFi and decentralized applications. Right now, DeFi is powerful but complicated, and that’s holding back a lot of potential users. The EOAI (Enshrined On-chain Artificial Intelligence) layer, a new initiative from IQ.wiki and Frax, aims to change that by integrating AI directly on-chain to simplify complex DeFi tasks. This collaboration with Frax is essential because Frax brings expertise in DeFi, while IQ.wiki (through BrainDAO) leads in AI development. The EOAI layer is designed around four AI agents focused on tasks like liquidity, lending, bridging, and token creation — key areas that need simplification. Users will be able to interact with DeFi without the complexity, while AI optimizes yields, minimizes fees, and automates processes that used to require serious expertise. Ultimately, IQ.wiki and Frax are aiming to redefine what DeFi can be: accessible, user-friendly, and ready for mass adoption. With EOAI, IQ.wiki is set to be a major player in bringing a new era of Web3 to life.
Thanks! :))
PraSaga AMA Host: Thank you, Snow.
Michael Holdmann, What are your views on Layer 1 today and how Layer 1 should be like in the future?
Michael Holdmann: Our views on Layer 1s today are evident in the scope and time it has taken to bring this project to the world. All current blockchains are clones of 1 of 2 data models. UTXO, which trasnfers a coin between two accounts or Smart Contract Data Model, which does the same thing, moves a token between two accounts, but with benefit of adding come custom rules. They are all clones each other as far as what they do, move a token ledger accounts.
What the future needs is what we have built, the ability to facilitate the complex processes that happen behind a payment for a item in the real world, simplifying every humans life to free them of task is where mass adoption and utiliy comes from.
Twitter Segment
PraSaga AMA Host: Thank you both for your insights! Now, let’s move on to the Twitter segment:
❗️Twitter Segment Rules:
✅ Make sure you’re following both PraSaga and IQWIKI on X (Twitter).
https://x.com/PrasagaOfficial
https://x.com/IQWIKI
✅ If your question is chosen but you’re not following both accounts, you’ll be disqualified.
✅ Winners must send their ETH address to the host within 24 hours of winner announcement.
🏆 Rewards: 25,000 PraSaga Coin Airdrop (5,000 each)
🐋 Winners: 5 winners from Twitter questions
Winners will receive their airdrop within 60 days of the launch. Let’s see what our Twitter community wants to know!
Let’s start with the IQWIKI Twitter community.
PraSaga AMA Host: We have two (2) questions for IQWIKI.
Snow, the first question for IQWIKI.
Question from @Tina19111976 (https://x.com/Tina19111976)
Can IQ GPT provide real-time crypto price analysis or market sentiment tracking, and how accurate are these insights?https://x.com/Tina19111976/status/1855083251716833403
Snow | IQ 🧠: Yes! IQGPT not only pulls data from IQ wiki but also from reliable sources such as CoinGecko, Etherscan and Defi Llama where you are able to ask live metric-based questions. We also have a new feature released a few months ago which is the /price function. You can ask IQGPT privately or on channels that have integrated the bot or on the IQGPT.com website. Just simply /price and the coin name after it will give you very accurate data taken from the websites at the time when asked.
Thanks for the question!
PraSaga AMA Host: Snow, the second question for IQWIKI.
Question from @DngGiaPhong2 (https://x.com/DngGiaPhong2)
How does IQ GPT support the technical aspects of blockchain education, such as coding or smart contract development? Does it offer tutorials or step-by-step guides?https://x.com/DngGiaPhong2/status/1855083228794892458
Snow | IQ 🧠: On top of IQ wiki and IQGPT, BrainDAO also offers IQ Code, a tool within our ecosystem that is designed to assist developers in creating secure and efficient smart contracts. It leverages AI to provide enhanced suggestions and guidance for coding in Solidity and Vyper, which are programming languages used for smart contracts on blockchain platforms. IQ Code is also used to audit and identify vulnerabilities in smart contracts, ensuring their security and efficiency. You can read more about it on iqcode.ai.
Thanks for the question!
PraSaga AMA Host: Thank you, Snow!
Now, Let’s see what PraSaga’s Twitter community wants to know!
We have three (3) questions for PraSaga.
Michael Holdmann, the first question for PraSaga.
Question from @Tina19111976 (https://x.com/Tina19111976)
Most blockchains focus on improving transaction speed. SagaChain emphasizes scaling the capacity of the blockchain instead. How does this shift in focus impact the network’s overall performance, and what advantages does it bring to users and developers?https://x.com/Tina19111976/status/1855080596223279293
Michael Holdmann: The founders and leadership have spent decades in industry and understand that across multiple systems, complex processes happen behind every transaction, that is why we focused on scaling capacity not just a fast transaction rate.
BTC was created as a way to send money from person to person, the smart contracts have focused on doing a transfer of a token between two entities faster than BTC and with abilty to add some rules. By focusing on capacity, we will accommodate a very high per second transaction rate; however, it is not on a node, it is on adding and removing nodes based on the transaction volume at any given time. Our goal is to average 1000 transactions per block, 4 blocks per minute on an individual shard, this would be 66tps per shard.
Now, with focus on capacity scale, we can add shards dynamically and every shard we add will do the same TPS, 10 shards = 660 TPS, 100 Shards = 6,600 TPS, 1000 Shards = 66,000 TPS and so on. Based on our Shard ID numbering method, SagaChain could conceivably do 65,000 shards resulting in a possible 4,290,000 TPS. We estimate based on current physical networks of the internet, 500 shards are feasible.
To illustrate that in real-world needs, in 2021, 531 billion prepaid card, credit card and debit card transactions were completed globally, that is about 16,000TPS, that would be 242 shards on SagaChain.
PraSaga AMA Host: Thank you, Michael.
Michael Holdmann, the second question for PraSaga.
Question from @41Samett (https://x.com/41Samett)
How does SagaChain’s unique data model support real-world applications, especially in industries that require complex transaction histories (like finance, healthcare, or supply chains)?https://x.com/41Samett/status/1855081312455213408
Michael Holdmann: SagaChain newly introduced Meta-Class Object state database model, is blockchains 3rd. The first two are UTXO (Bitcoin) and Smart Contract (Ethereum) Data Models. Both of these models work, the question is for what?
The answer to that is very simple transfer a token (a payment for something) between two parties. That is great for trading crypto, however, it lacks ability to manage the multitude of complex systems and processes that happen behind a real-world payment at point of sale.
Programmable Smart Assets enable multi-inheritance are fully composable between 10’s of thousands of smart asset and have full audit of everything that ever happened to anything from cradle to grave.
PraSaga AMA Host: Thank you, Michael.
Michael Holdmann, the final question for PraSaga.
Question from @Minano2006 (https://x.com/Minano2006)
SagaChain is described as a “trustless, permissionless” blockchain. How does the open, permissionless nature of SagaChain help with adoption and decentralization, especially for those who may not have technical expertise in blockchain?
https://x.com/Minano2006/status/1855080747545301104
Michael Holdmann: SagaChain’s commitment to decentralization without sacrificing security, scale or composability has been engrained in the project from the beginning. We started the project to decentralize the Smart World by integrating blockchain with another technology we have so that the person that owns the Intenet of Things or Smart device, owns the control/authority of the data and receives any revenue generated from its sale or use.
This decentralization forward leaning attitude carried on through the design of the SagaChain. Anyone will have an opportunity to download and run a node, every single account will have opportunity to vote on initiatives in the SagaChain ecosystem, this is a one account one vote, there is no weighting, meaning wealth does not give you more rights, we are all equal in the SagaChain community.
PraSaga AMA Host: Thank you Michael Holdmann.
Appreciate Snow and Michael for their insights thus far. And I appreciate everyone who participated in the Twitter segment!
Telegram Segment
Now, let’s hear from our Telegram community:
Here are the rewards for the best Telegram questions!
🏆 Rewards: 25,000 PraSaga Coin Airdrop (5,000 each)
🐋 Winners: 5 winners from Telegram questions
Winners will receive their airdrop within 60 days of the launch.
📌 For this segment, we will unmute the chat for 2 minutes so that everyone can send in their questions. 🔥
❗️Rules for Participation:
✅ Set a username on your Telegram account.
✅ Winners must send their ETH address to the host within 24 hours.
✅ Do not tag the guests or use their usernames.
✅ Each participant may submit up to 2 different questions.
✅ Ensure each message contains only 1 or 2 questions.
✅ Do not copy other participants’ questions — duplicate questions will be disqualified.
✅ Avoid copying questions from other AMAs or groups; originality is key.
✅ If you are selected twice by the guests, it will count as a single entry.
⚠️ Eligibility for Rewards:
✅ Join: PraSaga Telegram and IQWIKI Telegram.
t.me/prasagaofficial
t.me/everipedia
Let’s begin with PraSaga then IQWIKI! 🔥 We will unmute two times. First for PraSaga questions. Then after for IQWIKI questions.
PraSaga AMA Host: We will unmute now for PraSaga Telegram questions. Michael will choose two(2) questions to respond!
Rizky Akbar 🌱SEED 🐈 (@Mrzkyakbar1 (https://t.me/Mrzkyakbar1))
What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?
https://t.me/prasagaofficial/134227
Michael Holdmann: Thank you, the strategy we will implement is based on the history of internet adoptoin, working with industry to deliver services already used by thier customers in a more streamlined and simpler approach without the customer having to learn a new technology.
Patrick Taylor🍅 (@Patrick_Taylor0 (https://t.me/Patrick_Taylor0))
Have you being audited ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?
https://t.me/prasagaofficial/134478
Michael Holdmann: We are a little different, our core code has not yet been audited, we have jsut finished implementing the functioning code and will now move onto the operational aspects, ie signature aggregartion etc. There are no smart contracts, so there is not need for that usual step in auditing. Also we do not have compiled code on the blockchain, all classes and objects are python source which mititgates the abilty to inject malicious code through compiled code. We will start audit process with outside organizations soon, but it is a much different conversation than any smart contract layer 1 or layer 2.
PraSaga AMA Host:
Thank you, Michael Holdmann. Now, let’s unmute for questions from the community for Snow and IQWIKI! Reminder,
Here are the rewards for the best Telegram questions!
🏆 Rewards: 25,000 PraSaga Coin Airdrop (5,000 each)
🐋 Winners: 5 winners from Telegram questions
Winners will receive their airdrop within 60 days of the launch.
📌 For this segment, we will unmute the chat for 2 minutes so that everyone can send in their questions. 🔥
❗️Rules for Participation:
✅ Set a username on your Telegram account.
✅ Winners must send their ETH address to the host within 24 hours.
✅ Do not tag the guests or use their usernames.
✅ Each participant may submit up to 2 different questions.
✅ Ensure each message contains only 1 or 2 questions.
✅ Do not copy other participants’ questions — duplicate questions will be disqualified.
✅ Avoid copying questions from other AMAs or groups; originality is key.
✅ If you are selected twice by the guests, it will count as a single entry.
⚠️ Eligibility for Rewards:
✅ Join: PraSaga Telegram and IQWIKI Telegram.
t.me/prasagaofficial
t.me/everipedia
Let’s begin! 🔥
PraSaga AMA Host: Let’s unmute for questions!
Phil Dusen Berry™️ (@PhDusen_Berry (https://t.me/PhDusen_Berry))
Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?https://t.me/prasagaofficial/134563
Snow | IQ 🧠: Yes, IQ token holders have the right to participate in the governance of the project. They can influence decisions by voting on various proposals that affect the IQ ecosystem. The governance model allows token holders to vote on issues such as:
- How to allocate the project’s budget.
- What features should be developed.
- Governance actions that impact the IQ ecosystem.
The latest vote was on the EOAI layer which you can read from our blog posts!
Tommy Crypto (@MacaireDK (https://t.me/MacaireDK))
What do you have
1- Telegram group/channel
2- YouTube channel
3- Medium
4- Discord
5- Twitter
6- Website
https://t.me/prasagaofficial/134624
Snow | IQ 🧠:
1. t.me/everipedia
2. https://www.youtube.com/@iqtoken
3. https://iq-wiki.medium.com
4. https://discord.gg/6zT48RyZ
5. x.com/IQWIKI
6. iq.wiki or iqgpt.com
The latest information would be updated to our X account and telegram channel!
For this project, where can I get the latest information and what is the latest plan of your project?
Hazel TalkzLabs [ Marketing Expert] (@Hazel_TalkzLabs (https://t.me/Hazel_TalkzLabs))
Do You allow suggestions and feedback from the community are we allowed in decision making, do you put community into consideration?
https://t.me/prasagaofficial/134790
Snow | IQ 🧠: Yes, we always love to hear our community out since we are a community-driven project. As mentioned before, HiIQ holders can govern how our ecosystem works. We are also always active on our telegram channel and X where we do actually read your comments and chats!
PraSaga AMA Host: Snow, Thank you for sharing your thoughts.
Thank you to everyone who joined us today and to our special guests Michael Holdmann and Snow, for sharing their insights on Blockchain Encyclopedia, AI Agents, and Blockchain Layer 1 Scalability! 🔥 Congratulations to all of our winners! 🏆
We hope you gain valuable insights from this AMA on Blockchain Encyclopedia, AI Agents, and Blockchain Layer 1 Scalability! Stay tuned for more updates from PraSaga and IQWIKI. Until next time! Onwards and upwards! 🐋🌙
Snow | IQ 🧠: Thank you so much!
PraSaga AMA Host: Thank you for being our guests! and making such a useful tool!
Snow | IQ 🧠: This was so fresh and new! Great idea!
Michael Holdmann: Thank you everyone, great questions.
PraSaga AMA Host: Thank you, Michael.
Stay Connected with Us
To learn more about this partnership and the innovations it will deliver, visit our official websites and follow us on social media:
- PraSaga Website: www.prasaga.com
- IQWIKI Website: iq.wiki
Follow us for the latest updates:
- PraSaga Twitter: https://x.com/PrasagaOfficial
- IQWIKI Twitter: : https://x.com/IQWIKI
Stay tuned for upcoming announcements as PraSaga and WOW EARN work together to shape the future of Web3 and blockchain technology.
