We are pleased to announce our next AMA on November 15th 2020 at 04:00 PM UTC Time: Satoshi Club x Debaseonomics
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Debaseonomics Telegram group
We will have the following structure:
Part 1: 150$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 150$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Debaseonomics Team will select 10 questions and answer them.
Part 3: 700$ – A quiz about Debaseonomics
For more details:
Debaseonomics – @debaseonomics
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
DEGOV is the governance token of Debaseonomics which is used to vote on the parameters of DEBASE, stabilizer pools as well as other parameters of governance.
What made you choose to create special token for voting and not to use same?
How will it be possible to buy DEGOV token, will it be listed on exchanges or buying will be trough contract?
What is the use of DEGOV a governance token what kind of fundamental issues try to solve?
Are you planning to create another flexible supply token Like your governance token $DEGOV?
How we can find the Audit report of Debaseonomics which party you used for Audit of your project?
DEGOV token has one staking pool. This pool will only be available to people which acquire Debase-DAI-V2 pool tokens by staking into the Debase/DAI Uniswap pool.These pool tokens can then be staked into Degov/Dai-Lp pool to earn DEGOV tokens.
Getting to DEGOV tokens seems very complicated and these tokens are used for voting, so is there any way to buy DEGOV tokens and not to get them with staking trough all these pools?
On Debaseonomics telegram group there says “BEWARE OF FAKE CONTRACTS. Token contract for DEBASE is: 0x9248c485b0B80f76DA451f167A8db30F33C70907”
Did it ever happen that someone has been scammed and sent funds to fake address so you put it or?
100% of Debaseonomics tokens are distributed through staking and “stabilizer pools” to promote fairness and decentralization. Can you please explain what is a stabilizer pools and its difference with the common pools that other platforms are using right now. How will these stabilizer pools gives users fairness and decentralization?
A critical Bug was found in your Initial smart contract which led to the redeployment of your smart contract and also new tokens were then airdroped to the community.. do you mind sharing with us exactly what Bug was found and how it could have affected the operation of your smart contract..
Debase slowly increases the amount of tokens a user holds instead of increasing it abruptly to minimise the effect AMMs like Uniswap have on the price of the token when a rebase occurs. What happens in a situation the rebase amount hasn’t been fully added and the price has already gone in the opposite direction prompting a contraction?
You currently have 10 different smart contracts. Why did you choose to create them differently and has it all been audited?
What’s the difference between the distribution pool and the stabilizer pool? The explanation on your website isn’t quite clear, can you please break it down?
Debaseonomics is a combination of DEBASE and DEGOV, they work together to solve the fundamental problems faced by tokens and why 2 tokens and not 1?
Debaseonomics’s main goal is to create another flexible provisioning token that proposes a small set of features just like the rest?
What are the Debase characteristics parametrized for? Why are they controlled through governance? If the other token is the opposite.
Explain briefly what is the current distribution of the tokens since there are more of one than the other?
90% of all downgrade tokens have been allocated to be rewarded to any number of successful stabilizers proposed and voted on by the government, such as incentivizing community development and growth so that stability is met and achieved Total is Debase?
Debaseonomics allows governance to adjust the parameter to increase its stability?
AMM as Uniswap is one of the biggest problems faced by such flexible currencies, how does Uniswap behave when an overshoot event occurs?
For a proposal to be approved, what is the percentage based on the total supply of the DEGOV token that must be achieved?
When a proposal is approved, it is sent to the queue and from there how long does it take for my proposal to be taken?
Hello, I want to ask regarding your pool. What is your suggestion about the best position that we must take to get much $DEGOV token ? Which one to stockpile ? is it DEBASE token, Ethereum, or DAI?
After checking DEBASE/DAI pool, there are 2 POOL in there, what is use for Pool 1 and Pool 2? Do they have different reward and function?
Debaseonomics’ governance is fork from Compound Finance and your rebase is going the way on how Ampleforth visualize it. So we can say Debaseonomics is a combine version of the 2 successful defi platforms?
What is the use of DEGOV a governance token what kind of fundamental issues try to solve?
Debaseonomics is a combination of DEBASE, a flexible supply token, and DEGOV, a governance token, that work together to solve the fundamental problem faced by elastic supply tokens. 100% of tokens are distributed via staking and “stabilizer pools” to promote fairness and decentralization. Does this mean that tokens can only be obtained by staking?
know, everything will be OK! Therefore, I recommend to friends.
If the price difference between DAI and DEBASE is above the 5% threshold, the supply expands, if it is below the 5% threshold the supply contracts. How is this ‘expansion’ and ‘contraction’ of the supply performed? How are the balances of DEBASE owners affected? Can these changes result an ‘impermanent loss’ or is this already a solution against it?
Currently, there are many strong developing projects, so why should we choose Debaseonomics and not others? What in Debaseonomics makes you more confident than other projects?
Security is very important so,how about #Debaseonomics security systems? Is it enough safe bcos recently many exchanges get hacked and what makes #Debaseonomics different from other project?
What kind of problems do Debaseonomics aim to solve?
What is your marketing strategy to attract customers and investors to #Debaseonomics in 2021 and future?
For new proposals a user needs to have 1% of all the DEGOV tokens in supply. For a proposal to pass, a quorum of 10% of the current DEGOV token supply needs to be reached. Why you only need 10% to pass a proposal. Why didnt you set it to 50%+ to ensure that the proposals are approve by majority?
For the “Asymmetrical Lag” you provided an example on the website, mentioning the lag parameter as 20 for 1.000 DEBASE, whereas 5 is advised for 10.000 DEBASE. Firstly, how is this lag parameter determined/selected; with a formula, automatically by a software, manually by people? Then, why is it inversely proportional with the amount of DEBASE to be added in rebase? Doesnt it mean 2.000 times of “checking and adding” for the given example?
– Stabilizer Pools is a term I first hear in the context of DeFi protocols, and the idea behind it is quite interesting. Questions: Did you copy this price stabilization model from some other project or is it something innovative from Debaseonomics? and Second, to what extent is this “type of Pools” capable of stabilizing the price of $DEBASE Token? In scenarios of very high volatility would it help to keep it relatively constant?
– Can you explain to us what model you have implemented for the distribution of $DEGOV token to the community? Is it totally decentralized?
– The role of the community or $DEGOV holders is impressive to the point that they can vote for various governance and override parameters as you mention in your documentation. My questions: How do you verify that a proposal makes sense or will be effective? Do you value the experience of the person who made the proposal or exactly how it works?
Q 1: What is the role of the community in the governance of your crypto ecosystem in order to be able to call it community driven? Which members of the community can participate in the decision making?
Q 2: Are there plans to list the reward token on exchange so we can purchase from exchange without joining pool, because the process the get degov is tough.
Q 3: with the current increase in price, is there any preparation for pumping if price decrease aside from burning
How was the idea to create this DEGOV born? It is very interesting. What do you want to prove? What are your expectations?
Trust and security is very important in any business , what makes investors , customer and users safe secure when working with your project?
What plans do you have to achieve your expansion in a successful way so that many more people get to know your project?
Why does DEGOV follow the governance model introduced by Compound Finance? How will DEGOV implement governance against manipulation of different parameters?
Can community supporters decide what types of balancers to include with DEBASE to control the protocol and how to reorganize the protocol in general? How will governance be implemented in the selection of delegations?
How will DEBASE program stabilizer pools to mediate holders to stabilize the token price throughout the cycle, and how successful will the stability the pools provide to supply tokens?
How do you plan to attract more users and investors in such an economically difficult year 2020?
What features are presented in Debaseonomics that are cool and attractive compared to other finance platforms? and what we know is that the cost of gas is high and Defi, which is being sought after today, how does the Debaseonomics team respond to this cool DeFi problem?
Hello, 2 days ago I try to staked in (POOL 2) from your website DAI + Debase. My question is How to calculated the Fee that I will get from that Pool? Could you please also tell me how to get info about my share?
I was looking for Debase token I noticed on Uniswap there are 3 tokens named $Debase but none with background image? Is that one in three of them? Or is your Debase not listed on Uniswap and it’s a scam? Since there are a few $Debase coins that are quite slippery, but in the web introduction you say you can stabilize the rates, I don’t believe those coins either.
Can you please explain describe what really Debase is? How it works the market? What are the difference of Debase from Rebase? What is the advantage and weakness of Debase method?
You have Ampleforth white paper on your website, but don’t have your own. Are you somehow related to this project and don’t you find it strange to lack a whitepaper?
What was the initial motivation and ultimate goal of creating Debaseonomics? , If users still want to participate in the ecology of Debaseonomics, are there any other preferential methods besides buying coins on the secondary market?
How does Debaseonomics stimulate market liquidity? Does Debaseonomics have an internal market maker to ensure continued liquidity? What if people interested in providing liquidity to Debaseonomics?
Hackers have frequently occurred in our cryptocurrency world recently. What is Debaseonomics’ opinion on this? Does Debaseonomics have its own insurance and guarantees to prevent its platform from being hacked?
DEBASE have flexibility way to prevents the protocol from increasing or decreasing the supply too fast with Parameter methods. Do you have spesific reason why you using 2 different parameter (20 and 5) to solved this issue?
What is the structure of Debaseonomics , is it decentralised or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?
How does Governance work on the Debaseonomics’s platform?
Debaseonomics has two tokens(DEBASE and DEGOV). How many staking pools does each of them has and can you please delve into how each of the staking pool is?
Vietnam in particular and Southeast Asia in general are developing very well, especially information technology. Many projects have had many strong marketing campaigns here. Does Debaseonomics have any marketing plans for Vietnam and Southeast Asia? And if yes, how do you deploy?
How do I get $DEBASE tokens?
Does Debaseonomics have programs for people like me in the community who want to contribute to the project? (Example: #Bug #bounty program)
Defi, farming and NFT is the current trend of crypto. What do you think about these trends? What is the #Debaseonomics approach to Defi, farming and NFT?
In your website, I can’t see any whitepaper, roadmap and team behind Debaseonomics and whether you will conduct presale or not. So can you explain why you are not publishing any of those? Can you tell us some of your reasonable and valuable side? As a new launch platform in the market, how will you gain trust and believe from your investor?
Why DEBASE using parameter of 20 and parameter of 5 to prevent the protocol from uncontrolled increasing or decreasing the supply? Do you think this mechanism will working well to solved this matter?
Everyone loves DECENTRALIZATION. Why do you design your rebase,price target, price oracles, rebase lag, to be completely controlled through governance?. Don’t you think that this process encourages CENTRALIZATION,hence scaring potential investors?
Asymmetrical lag seems to be a mechanism that will be governed by the community. Can you tell us
firstly if this action does not require some special knowledge on part of the people deciding, and where do the funds for it come from?
Debaseonomics’s governance is forked from Compound protocol. It has three basics components:
– I’ts own token (COMP)
– Governance module
– Timelock
What are the similarities and differences between the governance model of Compound and Debaseonomics? And why did you choose it?
Debaseonomic’s has a lot of editable parameters: price target, rebase interval, rebase offset, rebase window, oracle, default rebase lags, rebase lag breakpoints, stabilizer pools, stabilizer parameters, deviation thresholds, quorum theshold, proposal threshold, votng delay, voting period, execution delay and grace period.
What will you say are the most important of them to keep DEBASE stable in the long term?
I’ve read carefully the information on your website and I think you had the classic “light bulb moment” when you were finished designing the Debaseoconomics core mechanisms. What I find truly unique are the solutions you’ve come up with to solve “Uniswap’s biggest problem” regarding flexible coins and the way Stabilizer Pools are meant to work.
Unlike other protocols – like Ampleforth, who took market behaviors for granted – one of key ways DEBASE will attempt to achieve its scope will be by rewarding users who’ll implement behaviors that *actively* cascade into reaching the target price, whenever it’s offset by a certain percentage.
Since the designs behind this mechanism *proactively* involve a key focus on how users will behave, I was wondering: did you perhaps draw any of these ideas from behavioral economics studies? Or did it purely come from the careful observation of previous flexible protocols weaknesses & failures?
One declared objective of most of flexible coins has been that of creating an asset whose price tends to revert back to a fixed value (usually 1$), regardless of market volatility, thus creating a currency that potentially eliminates the flaws of a continuously over-expanding money supply (e.g. the US dollar), limiting inflation and also creating a potentially “safe harbor” for risk-averse investors in times of high market volatility. But other than these aspects, what would say are other advantages brought forward by DEBASE? Are there other utilities and problems that it can help solve? Or should we simply consider DEBASE none other than an experiment which improves and builds upon illustrious predecessors, like AMPL?
Talking of token value, How dependent Debaseonomics is on Bitcoin?
If community members are divided on any issue in future, will you too split like Bitcoincash or you have any better plan to deal this problem?
Just like DeFi, now NFT is in demand. So what are your thoughts on NFT, Can we expect Debaseonomics will Bring NFT too?
As I understand it, DEBASE and DEGOV tokens are inextricably linked with each other? Or can they still be used separately and in what cases?
Why do you use the pair ETH and DIA, what’s the advantage of that
sir What are the shortcomings of your project and constraints in making
Why is there no Defi, Yield-Farming, NfT in your project, whether in the future or next year there are plans ?
At the end of October and for almost a week, there was quite some commotion in the Debase telegram group and people were concerned with the project being dead.
This prompted several actions by the DEBASE team around November 3rd, who – rightfully in my opinion – addressed the issue on Twitter on November 3rd, by onboarding @VidarTheAuditor to fix a parameter bug and by airdropping new tokens to investors.
Moreover, to further reassure the investors, the devs also locked all of their tokens via the TEAM platform. It’s not clear though …What really happened during those apparently “shaky” days? Can we assume that the project’s been dutifully resurrected and that finally things are up & running at full speed to meet the team’s and users goals?
Why did you choose such a hard-pronounced and long name for the project?
Vidarr the Auditor recently encountered a parameter error while auditing. Can you tell us: what kind of mistake it was, how critical is it, did you deal with it or not? And do you plan to continue collaborating with Vidarr the Auditor?
I have always thought that elastic supply tokens will be hardly anticipated and not preferred much as they focus on traders who is keen on steadily growth rather than taking risks in thunderstorms. So what will your token aim to change perception with a flexibility feature?
From the project overview, 90% of all debase tokens have been assigned to be rewarded to any number of successful stabilizers proposed and voted on by governance. What happen to the 10% of debase token used in governance vote? How will it be deployed?
What does V87 represent in your Title name on website?
I am very interesting what the rebase lag breakpoints? I read that it is Add, update and delete asymmetrical dampening. QUESTION:
Why dampening? If all want that price to grow.
What the –asymmetrical– ?
My brain is broken when I try to understand it.
DEGOV follows the governance model brought by Compound. However compound model have been found to result in higher interest. How do you plan to increase adoptability and interactions to be able to afford the high interest associated with “compound”effect?
I don’t understand the rebase of the debase … A huge number of numbers on the site and text for Oxford alumni. In my village they know that you need to invest in something that will rise in price in the future. And you say that your token has a target price and if it rises, you will lower it. .How to make money here?
I don’t understand what the target price of a token is. I read your florid explanations of the whole system and I cannot understand why you don’t want your token to cost more. And so what is the target price you set? What is the point of buying your token if it does not grow in price?
What are my initial steps to get the DEBASE token?
“rebase lag breakpoints
Add, update and delete asymmetrical dampening for set ranges changes “- what is it all about?
On your Twitter, it’s said by one of your followers that @debaseonomics is actually a re-launch. Can you tell us more about this? Is it a project started some time ago that is being brought back to life?
For us to join staking pool, we need to acquire Debase-DAI-V2 pool tokens by staking into the Debase/DAI Uniswap pool which will make one to earn Degov tokens. is Degov token listed for trading? Or is it only meant for governance alone?
When viewing the addresses of contracts (DEBASE\DAI , ORCHESTRATOR), I saw a threatening message: Compiled contract may be affected: (many bugs are listed). You are sure that using these contract versions is safe for the user. And if there is a hack, You will provide a refund and from what funds?
What is the problem when clicking Orchestrator and seeing Error ? What is ongoing there? I can’t feel trust now from Debaseonomics
You have disclaimer on Discord channnel “the contracts are currently not audited. Use at your own risk”. When will you feel safe on this new and unused method of tokenomics?
give me these question answer it’s help us to know more about DEGOV.
What are you progress in finding new integrators who can support in on-boarding new customers in the future? The demand could grow quickly once you can show some real business value and of course you will have to be ready to meet the demand of DEGOV?
What is the mission of DEGOV?
What types of products have in DEGOV?
what assures us about your project to develop in the future?In your project is there any attractive Things for long term-Investors?
How do you incentivize DEBASE holders that has participated in Stabilizer Pools, what are the privileges offered in taking part of this pool? Can you explain to us more details about ‘Stabilizer Pools’ ?
Debaseonomics is a combination of 2 tokens namely DEBASE and DEGOV, how these 2 tokens works with each other inorder to solve issues? What set of features does it provide to gain more investors and holders?
How does Compound Finance’s governance works as Debaseonomics’ governance is forked from it? What will happen next if the user’s proposal is passed?