We are pleased to announce our next AMA on September 24th 2021 at 01:00 PM UTC Time: Satoshi Club x Evrynet
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Evrynet Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Evrynet Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Evrynet
For more details:
Evrynet Website – https://evrynet.io/
Evrynet Telegram – @evrynet
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Hello
Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Hello sir
How free is the token business for one trust wallet user?
And can every member be involved in this token business?
Hello sir
being a project and/or ecosystem based on what is DeFi space, I would love to know if they will try harder to provide a complete service to users, that is, if apart from the well-known features of DeFi they have other innovative opportunities to offer the community?
First, can you explain the name EvryNet? Why did you choose this name? How do you think the name will affect people? Can you explain to everyone the meaning behind the name “EvryNet”?
Second, learning about the project, I see that you recently developed your first DApp called #EvryFinance. What are some of the key issues that EvryFinance, your first DApp, solves to incentivize institutional investors to participate in DeFi? What role does DApp play in the Evrynet ecosystem? What benefits will #EvryFinance users get? And what new features will we see?
Evrynet provides the infrastructure that allows developers and businesses to build an unlimited number of Centralized/Decentralized Finance (CeDeFi) applications. I noticed that many projects see CeFi as a real problem, want to get rid of it completely, while others like EvryNet think they have the necessary features, so depending on the point of view CeFi has necessary or not? Or is it really necessary? And what do you think about the explosion of the NFT + DeFi association that is causing a lot of interest in the world? How does your project leverage and exploit this fact?
EvryFinance is our first multi-chain DeFi app allows individuals and institutional investors to participate in DeFi. Investors can participate in lending and borrowing, Mining stablecoins. However, the risk associated with the lending platform is smart contract risk. So has the smart contract been audited? Is there any safety mechanism to prevent over-mixing (to prevent any foul play/hacking)? How does EvryFinance apply to a witness node or deploy/manage a smart contract? Also, what stablecoins can Users mint, and what stablecoin generator is EvryFinance equipped with that will allow easy stablecoin minting? How easy would it be for the average user to do this without worrying about the cryptographic techniques and complexity of stablecoins?
One of the accomplishments they are proud of is having built a brand that they hope will represent Evrynet in the future. What would be your purpose with this brand beyond just representing this project? Will you have more projects that this brand represents you?
the community is always number 1 in terms of building a successful project. What is Evrynet doing to grow its community? And besides, what do you offer to your community so that they remain on the platform for a long time?
What are your marketing strategies which you plan on using on investors of this Token in order for them to gain perceive income as well as the upgrowth of the project?
One of the DApps that Evry Finance is offering is the Portfolio Management and Analysis. Would you enlighten us with some of its details? Who are eligible to avail your portfolio management products? How reliable and dependable would your portfolio analysis be? Will you use sophisticated products and top-notch research to provide the essential data needed?
I browsed into your roadmap and saw that by Q2-Q4 next year, EvryNet plans to deploy its “Virtual Swap” product. Can you tell more details pertaining this specific product? What will the the structure of your virtual swap? For its initial release, what will be the tokens/coins that can be traded? How is it different from the traditional token swaps/exchange platform we see today?
One of the key features of EvryNet is that it is Interoperable with major blockchains. Currently it is compatible with ERC-20, BEP-20 and Stellar, with many more to come, as you mentioned. What will be the next blockchains with which it will have compatibility? Have you considered Cardano, Solana, or Polygon? Which of those three chains is most likely to be the next to be supported by EvryNet?
From the total supply of your tokens, a portion of 15% has been allocated for the reserve fund. However, another 30% has been allocated for ecosystem, block reward, gas reserve and marketing reserve. When you have a seperate reserve fund, why did you allocate another amount of tokens as gas reserve and marketing reserve? Could you please explain the real utilities of the reserve fund? You have allocated 10% for advisors and partners, 10% for early backers, 10% for private sales and 18% for foundation and team. Therefore, only a small portion is remaining for the community. From that portion, why did you reserve funds twice for the same purpose?
According to your roadmap, you have a plan to create a mobile wallet by the end of this year. You have initiated the project in 2020, but a mobile wallet is going to be introduced two years later. Why did you postpone that task? Currently, I am using Trust Wallet to store my crypto currency assets and I am familiar with its features. Will I be able to adjust myself to use your product? Will your wallet be same as existing Android/iOS wallets? Please give a sneak peek about Evry Wallet. When many projects have already introduced crypto currency wallets, what makes us to shift to your wallet?
It caught my attention that EVRY Finance pays attention to the tokenisation of real-world assets. How did you come up with this idea? What type of assets do you focus on? Have you already initiated the process? To achieve this target successfully, you may need to collaborate with leading asset management companies. What are your plans regarding that? Do you have any marketing campaigns or promotional offers to draw the attention of leading companies? Do you assure that your project will be able to reach the target of tokenising real-world assets? Please explain your current progress.
You’ve said that due to the current crypto situation where hacking and exploiting of funds has become a regular occurrence, you would be having three independent audits for your smart code and that they should be done by September. Are there any news regarding this? What are the companies conducting the audits? Aside from this, do you give any other reassurance to your investors? Do you have partnerships with insurance protocols or a native state-of-the-art security system? Please let us know more about this particular topic.
It is the first time I’ve seen a crypto project that allows the development of both CeFi and DeFi applications. How does this work exactly? Is it as easy as choosing between both of them, or are there any special features your platform offers? Is there a strategy or method you developed, that allows a fully CeFi platform to transition to DeFi? Or vice versa? Or is it up to the devs entirely? Lastly, is there any tech support team that would help outside devs get a grasp of your platform’s tools?
One of the key features of evrynet is it’s Interoperability with major blockchains. But currently, evrynet is compatible with ERC-20, BEP-20 and Stellar. Many projects are compatible with ERC-20 and BEP-20 and these are popular chains. But in addition to this, evrynet is compatible with Stellar at the moment. What is special about Stellar, XLM that you chose it first at the moment over other blockchains? Are there plans by evrynet to build compatibility on other blockchains aside these three in the future?
It is possible to achieve optimal and 100% reliable interoperability between DeFi and CeFi, which are the blockchains supported by the 2 types of systems, which is really what Evrynet offers templates for users to complete or provide advice so that users can create By themselves the applications of your interest from the beginning completely in zero?
While going through your Whitepaper in one of your use cases,you have built a financial application known as “Evry.Finance”,and this application targets only two(2) groups uses cases which are the Institutional Investors and Retail Investors.Can you explain further the features of the finance?Why is Evry Finance focus on just 2 groups use cases,will you integrate more use cases in the future?Are there benefits for both investors in Evry Finance?
On your website I noticed that Evry Platform features TenderMint Consensus Protocol.My question is what is the sole suppose of having TenderMint Consensus Protocol on your platform?How does it work?What issue will TenderMint consensus address and what benefits has it brought to your platform?
Evrynet is built to be able to handle large number of transactions with low fee.My question is,what tool are using to achieve that in a go?How many transaction does you system handles per day?And why is it that Evry allows contractor initiator to pay the transaction fee on behalf of the contract receiver? What is the % paid for every transaction?
Are you open to the possibility of accepting or incorporating Fiat currencies and stable cryptocurrencies to your financial activities, do you plan to expand to other markets or do you estimate to operate only in the Asian market? tell us a little about STELLAR and your participation in Evrynet?
Because you consider the need for an open source platform, what are the main financial services and products that you can provide to the unbanked or underbanked, tell us about the launch of Evryhub, what are your expectations, and there is already a date assigned to the event, What will be the rules and requirements to participate, what are the performance products that you offer both institutional investors and individual investors, is KYC applicable in all financial systems or only applies in DeFi?
Evrynet is focused on developing an inclusive open source platform to provide financial products and services aimed at the unbanked / underbanked, primarily focused on Southeast Asia at first. Generally, unbanked people are low-income, illiterate, and with little access to technology. How does Evrynet estimate to reach this audience to introduce them to the platform? Will Evrynet have training programs for beginners?
Evrynet believes that Southeast Asia has great untapped potential in crypto and not only wants to provide a solution to the unbanked / underbanked financial exclusion problems here, but also to encourage institutional investors to participate in DeFi projects. Does Evrynet estimate to globalize its platform reaching America, Europe, Africa? What are you doing to grow your community stable and strong enough?
Evrynet consists of the following core technologies Evrynet Core, Evryscan, Evryhub, Evry.finance. Can you explain each of these technologies offered by Evrynet? What benefits does each of these technologies offer? Are they already available for use?
the current pace of development to address transaction speed is too slow. There is a lot of discussion about what could be done regarding ETH2.0, but the actual realization of that, even now, is still a long way off. So looking at what can be done with existing technology. What is the reason why Evrynet decided to build its own blockchain? What is the advantage that this blockchain offers?
You mentioned that Evrynet has global aspirations, but, you shared with us that given the scale of what you’re trying to accomplish and the network of partners that you have, Southeast Asia makes perfect sense for you as a starter market to prove your case in creating a CeDeFi platform for financial services dApps. Besides Southeast Asia, what other regions will you focus on? What do you think of the European continent? What do you think of the Spanish-speaking region?
Evrynet will intelligently select one or more qualifying nodes to execute a smart contract according to user preferences relying upon the reputation score of individual nodes. You mentioned that in the beginning, your trusted institutional partners will be the initial nodes of the network. What are the reasons behind this decision? Will you allow for others to join as nodes as the network grows over time?
Micro-Letter of Guarantee(LG), micro-Bank Guarantee(BG), and micro-trade finance products are open-source micro-banking, low-cost micro-banking services deployed in EvryNet’s intelligent financial service platform, targeting majorly Southeast Asia. Can you please explain the functions/roles of these financial services/products deployed on EvryNet’s intelligent financial service platform? How are they going to provide accessible investment portfolios and exchange markets and enhance the growth of the Southeast Asia region’s digital economy?
I’m passing through Evrynet whitepaper and I noticed that EvryNet Platform will be governed by the EvryNet governance council. Could you tell more about the council providing the governance power ratio to the amount of tokens hold or smart contract owners? Thank you
Hello EvryNet team! The EvryNet network embraces a reputation system, which is essential to guide the node selection process for contract execution. In the reputation system, all user accounts and EvryNet nodes in the EvryNet network are dynamically updated with reputation metrics based on behaviors, reliability, and contributions to the network. What measures do you take in the hypothetical case that an EvryNet node has an inappropriate behavior? Will that node be punished or penalized in some way? Thank you!
Mutual Funds & Index Funds are the biggest revenu source for the majority of traditional investors. Evrynet provides the same feature under the lead of a trader (fund manager) with a fee associated to his/her services based on profit sharing. However, if a user does not require an assistance of a fund manager is it possible to build a custom Mutual funds investment? Thank you.
I noticed that Evry.finance is said to be lunching soon and while reading through your document Evry.finance will go a long way in helping to bridge real-world assets/yields to DeFi. How will Evry.finance product be deployed in your ecosystem and what are some of it’s features? Which sets/type of real-world assets/yields will you be transferring to DeFi? What will be the requirements for users to do this?
As stated, in order to continuously evaluate the participants in the network, the network maintains a reputation score for each EvryNet node and user. Can you tell us how EvryNet’s network effectively carries out this reputation scoring activity, what available node and user data are evaluated? Also since EvryNet incentivises it’s nodes with EVRY tokens in order to promote good conduct and correctly execute given contracts, how does your network consequently punish and pernalise defaulting and complacent nodes, and how are the user & individual node reputation scores put to good use in the network?
Evrynet is built around Tendermint and Within your contract network, users will be able to specify their preferences in terms of whom they allow to see and execute their smart contracts in order to preserve confidentiality and reliability. Evrynet will intelligently select one or more qualifying nodes to execute a smart contract according to user preferences relying upon the reputation score of individual nodes. How does Evrynet ensure that only qualified, reliable and trusted nodes execute Smart contracts in your network? What criteria do you use to determine the reputation score of individual nodes? How can users join as nodes?
Evrynet offers unlimited possibilities but I see that they are mainly focused on the work for developers, can you tell us what options exist in your platform for retail investors like me and many more here in Satoshi Club? What makes Evrynet the platform for everyone?
One of the most interesting and perhaps less mentioned functions that I could see in Evrynet is that it also serves as a Launchpad, do you actually have tools that serve early stage projects in crypto to improve their launch? What benefits does your platform offer as a Launchpad?
In the last quater of the year; Q4 2021, EvryNet will look to launch the Evry Wallet on both Andriod and iOS and Evry.Finance v1.5. Even as these products are expected to drive adoption and improve on the service delivery, thereby scaling products to a broader and wider market, can you extensively talk on them, what will be the major features of the Evry Wallet, what kind of transactions and operations can be carried out with it, will EvryNet also have a desktop version of this Wallet? Finally, with the awaited upgrade of your flagship product; Evry.Finance v1.5, what improvements will it offer users?
If there are a lot of quite scalable blockchains, why is Evrynet thinking of its own blockchain? will it be a Layer2 solution in ETH like many others? or will it really be a totally new blockchain? if so, what features will it have that will not be found in others?
We know that Evrynet will support the Binance Smart Chain, Stellar and Ethereum networks, but why would it really support Stellar? how important is this network for Evrynet?
I could read that they have three different technologies, which are Evrynet Core, EvryScan and EvryFinance, but are these really the only technologies we will see in Evrynet? or do they really plan in the near future to include some more technology? if not, then these three are enough to have a sufficiently robust and solved ecosystem?
Why if you developed a blockchain, why create an ETH fork? Could it be that they necessarily have to be related to ETH in order to have all Decentralized products?
It catches my attention that Evrynet will provide “unlimited solutions” of smart contracts, but really these “solutions” will be able to adapt to any problem in a smart contract? if not, could you explain us a little more about these solutions you provide?
It caught my attention that one of the products to be launched in Q4 will be Evryhub, so could you tell us more about this product, what will it really do, what DeFi features will it focus on and more?
I know well the terms DeFi and CeFi, but really “CeDeFi” I don’t fully understand it, so could you explain us really what characterizes it? and moreover, the CeDeFi offered by Evrynet will be the same CeDeFi offered by other similar projects? or really this one can vary considerably?
Actually many projects point out that CeFi centralized finance is a big problem, wanting to separate it completely, but if so, why Evrynet does consider it to be included in DeFi products? is it that CeFi is not a problem at all? if so, what good will they get from CeFi?
Evrynet is considered a DeFi app that provides dedicated isntitutional features among which is a fiat to non-fiat on ramp / off ramp, can you tell us about the details of this feature? Will Everynet have integrated payment services such as debit or credit cards for use on other platforms? What are the benefits of using Evrynet as a bridge to the fiat world?
They recently announced that they launched a proposal for liquidity mining with Kyber Network which is very interesting, could you tell us what plans you have for the future with Kyber? Do you currently need community support for these campaigns?
I just found out that one of the key feature of Evrynet is static gas price model in which it fixed gas price with adjustments allowed through network voting. So can you explain more about the Static Gas price model that your platform applied for your gas fee transaction? How does network voting being done in your platform? By the gas price with adjustments allowed through network voting,does the transaction being done instantly or we must wait the network for some time to fixed the gas price? Thank you
With KyberDAO platform, You made a proposal to liquidity mining program with Kyber to help improve liquidity for the $EVRY token on KyberDMM protocol. Firstly I want to know, What is the procedure in order to approve this Proposal? Will the $KNC holders decide whether this proposal is approved or not? What are the currency pairs that LPs may provide to the mining pools & In return What will the LPs receive? How about the Vesting period, Will You allow to claim daily basis or Weekly basis? When will this liquidity mining program be last? Finally please tell us, Will KyberDAO be a long term partner of EvryNet platform after this liquidity mining program?
On your Roadmap Q2-Q4 in 2022,you plan to launch Crypto Banking and Virtual Swap. Initially,can you give us an idea about this Crypto Banking that you are planning to launch? How it will works and what is the use of the Crypto Banking? What are the currencies can be stored in this Crypto Banking?Can you also explain more about the Virtual Swap? How this swap will work? What to look forward with this feature? Thank you
I noticed that You will release a own your wallet called Evry Wallet for both of Android & ios Mobile versions. Can you give a sneak peek about this upcoming wallet? What kind of unique tools, will you integrate in Evry Wallet? Usually Trust Wallet & Metamask Wallet are popular since the simple interface & security tools of them. What about the interface & security condition of Evry Wallet, Will it be safe enough to store our assets? Will you integrate a Dapp system & multi wallet feature in Evry Wallet just like Trust wallet? How many currencies will the Evry wallet be compatible with in future?
What are the short-term and long-term goals of your project and how will you accomplish these goals ?
What are the obstacles that you feel will obstruct in achieving your goals and how will you overcome them ?
Why did you make this project EVERYNET?
What exactly are you trying to accomplish?
When considering the Token Model of Evrynet platform, You have built the $EVRY token with lot of utilities. And also $EVRY will be utilized as the block reward for validator nodes. Why won’t you give the block reward in the form of $ETH, $BNB & Stellar since $EVRY was compatible with Ethereum network, Binance Chain & Stellar? Can you tell us the $EVRY token supply Distribution & about the transaction fees? Did you hold some burning events in order to prevent the inflation rate & selloff pressure? Where are the $EVRY token listed currently So that We can buy any time?
Don’t you think 18% of the token allocation to the team and the foundation is bit too much?
As per the roadmap, Evrynet Testnet is to be released soon. Any update on testnet?
For the Q4, Mobile wallet is to be released. How are the initial plannings going?
Will there be any upcoming big partnerships like you did with Visa and Stellar?
After seeing the some of partners of Evrynet Project are located around the Asia Continent, I surprised. Because You already have partners in United states & in Switzerland. What are the Point of views that Evrynet have considered when partnering with them? What are the obstacles & struggles that you & your partners solved in this journey so far? Please elaborate more effective facts of your global partners & How will they play a major role within the Back end?
To bridge digital token assets between Evrynet & other Blockchain networks, Evrynet project functionalize the EvryHub tool. Could you please explain How Evryhub will be a disruptive tool in the cross chain interoperability world? Presently, Which blockchain networks Does it support to Convert? What is the fee for Converting a ERC20 token to BEP20 token with evryhub bridging tool?
I read an article about Evrynet project on Cointelegraph blog that states a fundraising of $7 million for it’s forthcoming DeFi application. Who did contribute for the fundraisement of $7 million? What kind of projects, was Evrynet backed by? What are the opportunities that you will offer to the early investors? What is the current progress of the Evrynet DeFi application? Can you tell us the unique features of the forthcoming Evrynet DeFi application?
Has your project been audited? how about the system, is your project safe from hacker and cheater?
Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
Where are you tokens listed . Can you give me a full list?