We continue our exciting journey into the world of cryptocurrencies and today we would like to tell you about the AMA session with our friends from Credits. The AMA took place on June 18 and our guest was Arjan Eikelenboom (Partnership Director at Credits).
The total reward pool was $250 and has been splitted in 3 parts.
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction and
questions from SatoshiClub members
Serg: Hello everyone! Today, Credits will join us for our AMA series. @ArjanCrypto will be our guest. Welcome! 😉
Arjan Eikelenboom: Hello all, Arjan here. Thanks
Irina Kravchuk: Hi @ArjanCrypto . How are you? Nice to have you as our guest
Arjan Eikelenboom: Thank you very much for having me.
Serg: Please tell us a bit about yourself 🙂 and an introduction of Credits
Arjan Eikelenboom: I am a former banker; investment banking, private banking etc. 4 years ago I entered the crypto industry to educate people on crypto and its dangers next to oppurtunities
Seminars and later
on went on tour with Credits for promotional activities which led to
our ICO in 2018
Now Head of Investment Relations and partnerships
I know, hence my take on education. Teaching people and show them the other side is what I have been doing in finance all my life. Keeping it real so the speak
Irina Kravchuk: You have an interesting name. Where are you from?
Arjan Eikelenboom: I am from the most magical place on earth…..
Amsterdam 😀
Netherlands
Serg: I hope this helped you for inspiration 😄
Arjan Eikelenboom: I sure has and still does. Did you know that Amsterdam is the hub for fintech?
Its booming here
with start ups and know;edge and experience, gues the canals are
inspiring indeed
Irina Kravchuk: Didn’t know that. I guess a little bit of magic helps in fintech
Serg: nope. I’ve heard about other cities but not about Amsterdam
Arjan Eikelenboom: Well, keep an eye on us from now on
Serg: tell us a bit about Credits. How would you summarize an explanation about the project?
Arjan Eikelenboom: When I joined back in 2017 me myself got triggered by the message of high volumes and superfast low cost transactions. During my seminars I noticed that there was a growing demand for this, especially in finance. Many of my ex banking collegues confirmed this. Then I met Igor, CEO and got inspired by his dream and vision; to build the fastest blockchain in the world capaple of serving the financial markets. So now the blockchain is finished we have started to build products to work on the blockchain. Our newest proud product is the neo bank mobile wallet
Serg: how did Igor convince you? that you will be able to build this
Arjan Eikelenboom: First of all I read the whitepaper, then he gave a presentation but was less convincing tbh, this was my q to ask him more. We chatted for a long time and the dedicatioan and passion was enough for me to be triggered
Then, during our USA
roadshow we bonded, of course, we hung out day and night and I got
even more excited. I realised he had a golden baby. Now it was up to
us to help it grow
After 2 years the
blockchain has been built
Serg: That’s an interesting story. I hope you will achieve your goals 🙂 As you know, we’ve collected more than 200 questions from the community. Are you ready to start?
Arjan Eikelenboom: I am rolling up my sleeves right now, so yes 😁
Q1 from Telgram user @reisbayram
From the
beginning Credits was regarded with skepticism, because of the 1 Mil
tps statement and we went through a lot of Fud. Today there is a lot
of skepticism, also reflected in the price and lack of volume. Are
you going to run those capacity tests and wave off the skepticism?
Arjan Eikelenboom: Of course we will run cap tests. We have done this before and reached 1,3 million txs p.s. we will continue to test publicly soon to show the world what we are capapble off. The fud I am very aware of. This is collateral in crypto and I also know that this comes from people who do not even know what they are talking about, ( most of time). In regards to the price it is very interesting. In crypto actions do not necessarily pay out in price increase. Yet we are focussing on delivering the utter best products. In time this will reflect on the price.
Irina Kravchuk: I think a public test will help a lot, will bring more credibility
Arjan Eikelenboom: Totally agree.Also a thing to understand is that if tomorrow the price jumps 150% in an hr, which has happened, everybody is happy and no fud.
Serg: Can you explain what have you done differently from other projects? to obtain 1,3 million tps
Arjan Eikelenboom: We have designed, created and built credits blockchain from scratch with our own technology; patent pending poa consensus algorithm
The
patent will keep this safe to only us, no one else which has been our
goal from day 1. 1 m txs will be the start. In a few years
from now when demand grows we wil be capapble of scaling up to much
more. Only a matter of time.
Serg: It
is also important to bring projects to use those millions of
transactions 😊
Arjan Eikelenboom: You are absolutely right. That is why we have created and launched the Credits Neobank mobile wallet. We are going to prove and show what we can achieve in volumes and speed with low cost
Mind you, big
institutions are still in exploring mode, in 2 years from now they
will slowly make their move and
start integrating proven tech
Serg: are there other projects who are trying to use the same tech?
Arjan Eikelenboom: I noticed last week of a project that mentioned a similar tech but that article has not been authorised as far as `i know. We keep our eyes open
Q2 from Telgram user @MsHuong206
Security, scalability, and data privacy are three aspects that are very important at enterprize level, how Credits foundation handle these issues?
Arjan Eikelenboom: Security is a major one indeed. With our signature technology one would need a majority of the nodes to be able to even try to hack ( in short) To become a major noderunner one needs to bring big money. I do not see the added value of spending millions in order to get less to nothing. So yes, we have security high up there
Scalability as well. The Credits blockchain has been designed and
built to scale to demand. We can scale up to let’s say 50K txs if
we get a client who needs that.
Data privacy as well. Credits is an open source protocol where one
can design private protocols themsselves for securing data.
Serg:@iri_kravchuk has a node. Don’t know how big but she is familiar :blush:
Arjan Eikelenboom: My best friend is a noderunner and sits next to me actually 😁
Irina Kravchuk: When did he start to run it?
Arjan Eikelenboom: Last year I think. He is an pre-i o investor though. Most of my friends are and they are still friends 🤣
Irina Kravchuk: Mine is from Oct 2019
Arjan Eikelenboom: You’re gonna be rewarded
Q3 from Telgram user @MsKiwi206
Credits
looks good but it confuses me that there are so many other Blockchain
projects. What should I pay attention in Credits to give it the
importance it deserves? What are your planning to achieve with your
project?
Arjan Eikelenboom: Building a blockchain back in 2018 was a big step and people expected these companies to grow big immediately. Yet, many of them did not even had a finiproduct. On top of that we ourselves found out that the world in general is not ready for integrating blockchain large scale. So, in order to not sink in your own bathwater you needed to re0invent yourself and stand out, be an entrepreneur and visionary. Which is what we did months ago.
Instead of waiting for the masses to intergrate blockchain we decided to show them. With our neobank Mobile Wallet. Available on app store and google play.Both consumers and businesses can learn to play and experience the benefits of superfast txs, low cost, cross border payments that happen in less than 1 second. For instance. In time we’ll add many more features but the base of this story is Credits blockchain. So, a neobank wallet that opens the doors to our blockchain services.
Irina Kravchuk: So how is neobank special? can you share more on that?
Arjan Eikelenboom: Special because we will offer consumers/users high discounts on fee’s, give cashbcks on purchases and offer a variett on currencies which can be used for instant low to zero cost payments
Serg: I’ve heard that you have a partnership with IBM. Is it true? Tell us more about it
Arjan Eikelenboom: The partnership with IBM is indeed there, for about 2 years now. Exploring and testing
As for the neo bank
mobile wallet. I suggest to dowload the app ( testfligh) and help us
testing it and improving it until we can go big. We have a very
ambitipus roadmap for at least 1 million users soon
Q4 from Telgram user @gigi2195
As of now
there have been many blockchain related projects come and gone, what
are the special and unique characteristics of #CREDITS
that make it different from the others, that make investors and users
decide to invest into it?
Arjan Eikelenboom: Many projects have raised many millions yet cannot deliver. We only raised a few millions compared to them and are delivering as we speak. We are a highly dedicated team that is ready to make credits amd its neobank the best in the world. The unique characteristics of Credits are the amazinly high volumes per second plus the speed. On top of this we have the lowest fee’s
Real investors can
come on board now, not for instant profit but for longer term. We are
here for a long time and to dominate, not to fly high for a bit and
crash. Credits is going to change your life for the better
Watch the video I
would say, its a good introduction
Then pm me
Irina Kravchuk: But regarding the sustainability of the project, how does it sustain itself?
From the funds
raised initially?
Arjan Eikelenboom: We have been very frugal, or better, financially responsable. That has been our saviour
For further growth
new funds are needed of course because we are going to compete with
global players who have many millions. So if there are any serious
investors they can pm me for further details. Only real investors
😀
Q5 from Telgram user @luckydraw66
There are
4 core issues prevalent in crypto and blockchain: Excessive
Volatility, Security, Scalability and Interoperability. How do
Credits plan to overcome these issues?
Arjan Eikelenboom: Volatility in crypto is a thing indeed. When you look at the list of coins on coinmarketcap then its intrresting to see that most coins follow btc, even ETH. Even though eth has real value and btc not. So, for us it is clear to do everything in our power to escape from the volatility dangers and show the real investors and traders we add value and not just another empty coin
Interoperability has
been at the core of credits blockchain from the start. Easy to
integrate and easy to use and compatible with pretty much any
procedure or protocol.
I invite 3rd party
devs to try it themselves.
Security and
scalability I have adressed to a little earlier 😀
Part
2 — live questions from the Telegram community
Q1
from Telegram user Ridu 123
You
must agree that Blockchain stands on Decentralizeation. There we see
many projects that claims they are fully Decentralized. But they done
their work in a Centralized way. How can we sure that Credits is
fully Decentralized? Can you please tell us what’s Credits working
method?
Arjan Eikelenboom: Credits blockchain is fully decentralized. The road to a decentralised world is a bit more challenging though. This is because of regulations by law in every part of the world. For instance our neo bank wallet; we need to oblige to laws and regulations in order to get licensed and regulated and therefor centralized feutures are inevitably at this point. Good thing is we get the opportunity to build bridges between blockchain/crypto and tradional tech and fiat. An achievement in itself and only step 1
Q2
from
Telegram user Max
Credits
want to be a leader in the mass distribution of fintech?
Arjan Eikelenboom: We want to pave the road and be indeed at the forefront in payments ( fintech ). There is a lot open to explore as this segemnt may looks saturated but still ‘new’. We have made agreements with suppliers already, have our first license and kore coming. The neobank wallet will be a great tool to prove our tech and our ability to shift fast and initiate. Next to this we are accumulating new partnerships in payments and overlapping industries.
Q3
from
Telegram user Rimjhim
How
do you see South asian Countries to expand like Vietnam, China &
India?
How has Covid Affected Your Development?
Arjan Eikelenboom: Miss Corona was a big surprise for us. No more traveling and exploring. But in return she gave us the opportunity to focus and build. In Asia we have good things coming, btw. We have a partner in the Philippines that has built on credits blockchin already ( opphir) and is building more. It will be a great way for us to open the doors to more partners in finance all over Asia.
Q4
from
Telegram user a user
Can
A non-crypto person generate profits on their projects using credits,
is there a plan to atrack this users?
Arjan Eikelenboom: Oh absolutely. That is exactly why we have created the Neobank wallet. With this we build the first solid bridge between crypto and fiat
Q5
from
Telegram user a user
Why
do you believe your mobile wallet service would lead you to the top ?
What steps have you taken to get wallet users on board?
Arjan Eikelenboom: We have an internal roadmap in place. Next to that we have created a tier 1 board of advisers from the payment and cards industry. They know that playing field, we know ours. This golden combo icw our existing partnerships will help us getting there
We look at a first range of 30K new users by the end of this year, 1
million in 2021
PART
3 – Quiz
Results
In the final part we would like you to check your knowledge in terms of Credits. They’ve prepared 4 questions for this part, so everyone could be a part and answer. All the correct answers you will find at the bottom of this Recap. Enjoy!
Q1
Which
of the following are not Credits Partner yet?
-Lenovo
-IBM
-Oracle
-Samsung
Q2
How
many
TPS achieved credits on its blockchain durring the last speedtest?
-3,000
-10,000
-100,000
-1,300,000
Q3
What
language Credits smart contracts are written?
-Java
-Python
-C#
-HTML
Q4
How
many CS do you need to run a node and get rewards?
⚠️Please post your questions in the commenting section bellow
⚠️Total Reward pool: 500$
⚠️Requirements: 👉Join Satoshi Club Telegram group 👉Join Ghost Telegram group
We will have the following structure:
Part 1️: 100 USD/5 users – We’ll select 5 questions from you. Please submit your questions in the comments under this article. Max. 3 question per user.
Part 2️: 100 USD/10 users – Open chat for 80 seconds. You can post Max 5 questions. Tezos Team will select 5 questions and answer them.
There can’t be too much knowledge, so SatoshiClub will continue to introduce you the most interesting projects in cryptocurrency space. Today we would like to tell you about the AMA session with our friends from NULS. The AMA took place on June 17 and our guest was Mario Blacutt (NULS Western Regional Director).
The total reward pool was $150 and has been splitted in 3 parts.
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction
Irina Kravchuk: Hi everyone!Welcome to another great edition of our AMA series.
Serg: Hello! @Berzeck1
will be our guest from NULS. Welcome!
Berzeck: Hello everyone! nice to be here with you guys! and thanks for the opportunity I hope we have a good time learning about or products and also giving you structural reasons on why we are climbing fast on CMC.
Serg: Very glad to have you here/ Please tell us a bit yourselfand an introduction about the project.
Berzeck: My
name is Mario but everybody calls me Berzeck, i am software engineer
with 20 years experience, so i may be a little old for crypto but
with 300+ years of experience and wisdom thanks to crypto, anway i
designed nulstar which is the microservices infrastructure on which
nuls and Nerve are based on, unique in whole crypto lansdscpe that
allowed us to build unique difficult to copycat products like
ChainFactory and ChainBox, and now i am directing the western
operations for Nuls and Nerve (which i am founder).
Serg: So, you are CTO? CEO?
Berzeck: You
can call me dev… or’d’ is you feel lazy .. i am not very fond of
job nomenclature as i tend to always respect the person, not the job
but i am like
director of the west or something like that.
Serg: West means?Europe?
Berzeck: It means Every region except China. not the best word that we have chosen but it will serve for now.
Serg: Is the project China based then?
Berzeck: It was born on china, registered on singaapore but right now it is split in 2, almost autonomous organizations…but that answer to Council, which is kind of board of directors. the reason for this is because Chinese culture is very different than the west so it didnt work at first, so we split in 2
Serg: What is the relationship between NULS and Nerve?
Berzeck: Nerve
is crosschain solution for NULS, it opens the gates to NULS for other
blockchain projects… it is designed to complement NULS and uses
some NULS features, for example Nerve does not have smart contracts
facilities and uses NULS’s… the idea is: instead of having one
single big fat bloated blokchain that tries to do everything (the
trend this days) we split in two slim and effcient ones designed for
specific goals
Serg: Doesn’t this complicate things for devs who want to build on NULS? I mean dealing with 2 parts
Berzeck: Absolutely no, on the contrary it makes everything easier because there is a module you can download called cross chain module that if you incorporate to your projects you acquire cross chain operation and functionality seamlessly
they dont need to
know about the specifi implementation details on how this is achieved
Irina Kravchuk: Why Berzeck? Where does it come from?
Berzeck: When i was a kid there was an Atari game called Berzerk (i think) i changed it so it still sounded cool but unique
Serg: NULS and Nerve are autonomous?
Berzeck: They are communtiy projects, people have voting rights even to choose the Council members (gov.nuls.io )
West is almost
autonomous from China and we answer only to Council which is elected
by community. For example we wanted budget for the West fro makreting
company:
Council approved the application and community voted
yes for this and here we are. Since march we hired marketing company
because we finished a great portfolio of products and now its time
for people to know about them!
Serg: Who have the right to vote? what are the requirements?
Berzeck: You hold NULS, thats it. With nerve will be the same.
Serg: Can you tell us about some partnerships?
Berzeck: We recently announced 8 institutions investing in nuls… Bitmart is the last on which they not only announced it will be the first exchange for USA citizens to be able to purchase NULS, they also announced they invested in NULS themselves.
Bitz
already announced they are cornerstone investors
for Nerve and we will announce more soon. We
also have companies and organizations building in nuls blcokchain
like: token network, liberty blues, vibook, aleph, and a lot more so
we already got to the stage on which we are a ‘nice’ project to a
real project that solves real problem for real companies.. and thats
a big step.
Serg: Yes, that is what everyone expects from blockchain projects.
Berzeck: Indeed once you finish a product the most difficult part is showing to companies but the first question they ask is: “who is using it successfully?” and creates a 22- catch type of situation. gladly we already gone through that.
Irina Kravchuk: Can you tell how many partners/ projects involved or using NULS technology are there at the moment?
Berzeck: Like 10 companies going or will be going soon through SCO program and 40+ companies that are bulding using our ChainFactory solution.
Irina Kravchuk: What’s a sco program?
Berzeck: Thats another unique product we have… so you are a NULS holder and you like one of the 10 projects registered, then you stake in the project’s nodes and you RECEIVE the projects tokens and the project receive NULS.
so you NEVER risk
your initial capital to support projects
unlike ICO and IEO
and those projects feel more motivated to make progress fast because
people can unstake at any moment and stake on another project.
So it provides
constant funding to projects but not everything in one simple big
event, this gives a lot of confidence to investors, the more projects
we have listed the more investors will come which will atttract evem
more projects.. it will snowball from there
so we rae giving
unique utility to out coin NULS and not just as GAS
the reason you guys
probably didnt heard about us its because we have the slogan “develop
first , pump later!” so we developed 2 years and since march we
are ready for people know our products.
thi mindset is completely different from: “i have an idea and good looking power point! give me money!” which is very common these days.. and will prove very good lont term.
Serg: That’s a good approach 🙂 Where did you get the funding to have those 2 years of development?
Berzeck: We had and angel investor in china,
also Chain Factory
alone got us 91000+ NULS (36000+ USD ) income last months,
considering the very adverse environment it is a great acheivement.
NDEX our decentralized ecxchange will have a lincesned engine that we will offer for white box solution
in general as
everything in life the key to success is finding a good balance and
compromise of situtations, and the same applies to buisness
we will always offer
nuls and nerve as opensource products free.. but products we develop
above them may not be free and be source of income
in other words we
are not planing for our investors to become opensource martyrs if you
know what i mean
Serg: Thank you fot this interesting Introduction. Ready to move forward to the Quiz part?
Berzeck: Ok lets do it!
Serg: Please explain the rules to the community, because it is a new format for them
Berzeck: Here is how it will work, i make a question and you guys answer it, the first answers get a chance to earn the reward (correct answers)
after the ama i will
choose winers and post a few hour later
ALSO
please follow our
tweeter accounts and telegram as a requisite to earn rewards
and FINALLY some GOOD NEWS!
WE DECIDED TO REWARD NOT ONLY WITH NULS BUT WE WILL GIVE EXTRA NVT !
NOW THE BAD NEWS:
mmm no bad news,
lately we dont have bad news…
so lets begin shall we?
Serg: Ok, let’s do it. The stage is yours
PART
2
– Quiz
In this part Berzeck was behind the wheel – he asked questions and opened a chat for a few seconds so the participants could send their answers.
Q1:
NERVE: Do you prefer virtual
banks or consensus nodes? Why?
A: Virtual Banks – more income
Q2:
NERVE:
what is NERVE’s disinflation ratio ?
A: 0.822%
Q3:
what
is Nulstar ?
A: The mircroservices infrastructure used in NULS/Nerve
Q4:
NULS:
What are the Max supply and current circulation?
A: Max supply : 210M Circulation: 96M +/-
Q5:
NULS
and Nerve: Can i write modules in Java, c++ and python?
A: YES you can wirte in any development language you want
Q6:
NERVE:
How many normal nodes are allowed in Nerve Network?
A: no limit
Q7:
NULS:
How many Institutions that invested in NULS were announced recently?
A: 8 institutions announced that they invested in nuls… including an exchange in the USA
Q8: NULS: Whats the main difference between PoC (the consensus mechanism used in NULS) and DPoS
A: PoC has and embedded mechanism to punish bad behaving nodes
Q9:
If
you want to build your customized blcokchain + a web wallet + an
explorer but you are not a developer… which tool would you use?
A: Chain Factory
Q10:
What
is called our own stable coin?
A: USDI
Serg: Thanks for this interesting Quiz
Irina Kravchuk: Yeah, it’s the first time we have the quiz in this format
Berzeck: Yeah thank you for allowing us, it may be weird at first but it will make sense later
(hopefully )
Serg: Ok, we will open the chat now. Prepare your questions.
Part
3
— live questions from the Telegram community
Q1 from
Telegram user Darth Vader
For
creating smart contracts, why should any developers choose the NULS
platform rather than any other blockchain project?
Berzeck: Smart contracts are normally a small part of a complete complex enough application (dapps) so the advanatges is that modules that integrate with nuls can be written in any language, engine is fast, we have 800 – 1000 TPS, and Nerve will have more than 2000 TPS .. also we are capable to adapt end evolve a lot faster than any other project we offer direct support from dev team so companies building using our products have a lot more chance of success …
some more
we will focus unitl
july on finsihing Nerve mainnet and NDEX.. after that we will dock
more blockchian projects (that belong to top 10 in market cap) to
Nerve and NULS ecosystem
Defi is just ONE type of
industry where blcokchain will be adopted but certainly not the only
one… if your bussiness process needs tamper resistance and double
spending solution, then blcokchain is the right answer.. so there are
a lot more industries that we will target
BUT DeFi is the
buzz word and Nerve is also designed to target DeFi projects **
Q2
from Telegram user David Prince
In the
context of the current bear market. What are the challenges you think
NULS will face in 2020 and next year? Could you share with us about
NULS’s plan for 2020, such as BD, partnership, development and
marketing?
Berzeck: The alt bear market lasted more than 2 years, so instead of cursing crypto gods and crying in fetal position we just used it as opportunity to build unique platform with unique products difficult to copycat.. and now that market seems changing in sentiment we decided its time for letting people know about us. In other words bear market was just another day in the office for us The next challenge is that it seems we will endure a rapid growth period (nice problem to have but still difficult to face it correctly) so we need to manage human resources very carefully
Q3
from Telegram user omaha99
Fast
transaction speed and high security are indispensable to NULS. How
does NULS keep these factors stable at all times?
Berzeck: The project has endured a thorugh internal code audit and when we stabilize features we will get third party audits, still the blcokchian has showed great resilience in these factors.
Q4
from Telegram user MadamLobster
Which
equipment and level of technical knowledge i need to have to
participate in Nerve Network Public Beta Testing?
Berzeck: Probably your local computer is enough for testing but for final mainnet node requirements are higher https://t.co/eMlu8ymS8m?amp=1 check this link for more info about beta testing **
Q5
from Telegram user Aldilan (Remaja SMK)
Do you
have mechanisms such as buyback and burning to regulate the demand
and
supply of $NULS, so as to increase its intrinsic monetary
values?
Berzeck: We dont try to manipulate directly the price as this is a bad idea long term, the way we bring value is giving features, unique products and partners, that is the way to grow organically and that’s why our investors trusts us having said this when we get income from chain factory a predefined part of it burns as a symbolic ritual of appreciation to our customer
** we dont have to
worry about every single project out there that will enter
competition because:
a] we have unique prodcuts that will
complement nerve very difficult to copycat on which we have zero
competitors (as far as we know) like ChainFactory , ChainBox and
SCO
b] WE have built from scratch an infrastructure called
Nulstar that allows us to evovle and adapt faster than anybody else,
so no matter what tech you think your favorite blockhain has now, it
will probably become obsolete in a couple of years anyway and thats
when our architecture will shine
let me put this way:
If Vitalik finds
ultimate scalability solution, while he is receiving the Turing
award, we will pack it in a microservice and deploy it to our
customers months before Ethereum can… in a way its like everybody
is working for us if you think about it… and thats our strategy
Q6
from Telegram user Doctor Crypto mangunkusumo
Hello
@Berzeck1.
I am windows client i want asking about light wallet, especially
about mining what is advantage for mining at nuls platform?
Berzeck: We have decent return but what is different than other is that you can stake you NULS on one of our partners ‘nodes’ and you receive our partners tokens and they receive NULS, so its a great way of funding.. check SCO and my answers in Section 1] of this AMA ALSO we will give the ability to NULS holders to stake in Nerve nodes to earn NVT.. even BTC holders will be able to stake (something that may attract some attention as well)
Q7
from Telegram user Sixsa Kubur
NULS
mission
the statement “Making Blockchain Simpler”
can
you explain how you will completed this mission ???
Berzeck: We built Nulstar that makes life easier for developers as they can develop modules on any language they want, in fact NULS 2.0 has c++ modules and Java modules we built ChainFactory that allows non developers to build their customized blcokchains with a few clicks and paraneters so they get a node application, a web wallet and explorer ready to use, a cross chain module and also you may be listed in NDEX without paying a fee chainbox is more powerfull and aimed to developers, in fact we built Nerve using ChainBox, so I could argue its a very powerful tool
Q8
from Telegram user Rohit
The first
Nerve app is NDEX. How will NDEX differ from other decentralized
exchanges? What benefits it will give to users?
Berzeck: Its very fast, but the idea is to provide our partners with a complete set of tools to start their project and ‘publish’ it early on so they dont need to worry about listing on exchanges or fees, etc.. users will be able to assign value to the projects tokens minimizing costs for projects.. which will attract even more projects. NDEX is the last piece of the puzzle to attract more partners
Q9
from Telegram user Rolex
Now
everyone wants DeFi on their platforms. Are you planning to implement
this? After all, there is a problem of hacking DeFi, and we remember
that in your history there were already problems with hackers
Berzeck: As everything worth something in internet we were targeted by hackers several times, one team succeed partially stealing from a single wallet using an advanced technique, we recover most of funds and perfomed a thorough internal audit and they failed next times they tried, due complexity of the attack we know they know the code pretty well so they invested a lot of time studying it but they failed nevertheless in other attacks. About DeFi, yes Nerve is also designed for DeFi applications, its very fast and scalable and we also have USDI our stable coin that will be part of the offer +
Q10
from Telegram user Dimas Lavigne
What is
meant by Proof of Credit (PoC) Mechanism? I know, Proof of Work,
Proof of Stake, PoA, etc But what is Proof of Credit (PoC) ?
Can
you explain what’s the benefits of Proof of Credit (PoC) in $Nuls
project?
Berzeck: PoC has these benefits: 1] fast: 800 – 1000 TPS 2] has an embedded mechanism to punish bad behaving nodes .. (come on! you should have read the quiz! ) 3] easier to implement complex upgrades
Q11
from Telegram user Sohil Dosani
Why the
name #NULS? What is
the story behind the name #NULS?
what is the logo of #NULS
represents?
Berzeck: Was a supposed to be a play of words, : “NULL is nothing, NULS is everything!” the logo was supposed to support this concept
Q12
from Telegram user Satoshi Nakamoto
The first
Nerve app is NDEX. How will NDEX differ from other decentralized
exchanges?
What is the main objective of Nuls in the short and
long term?
Berzeck: About ndex, already answered above NULS goals is create a blcokchain framework that helps companies reduce costs when mapping their businesses processes to blockchain tech, after all, thats all they care about .. we achieved that with ChainFactory, ChainBox and SCO program **
Q13
from Telegram user Jhoan Zabala
Adoption
& Awareness about Platform is very important for any Creator as
well as Users! So, What are your plans to attract More users as well
as Creators with Non-crypto users too on NULS platform?
Berzeck: We hired multiplied.io marketing company since March and since they are the experts we follow their plan, but in general we had very very good impact with tweeter as main news outlet (probably due its network effect) so we always make a lot of promotions there, we are running 2 or 3 if i remember correctly :joy:… also we already have good articles published in reputable sites like contelegraph, yahoo finance, decrypt and others, and finally youtubbers are starting to talk about nuls and nerve as well
Q14
from Telegram user Zερ | KFC
I’ve
noticed that investors can either make investment activity in the
secondary market or join the #NULS
staking program, could you please explain how the #NULS
staking program works.?
Berzeck: For staking you have 2 options: 1] download wallet, login with your address and choose ‘stake’ from consensus menu 2] go to pocm.nuls.io and stake in one of our partners to earn their tokens ifyou find them interesting
Q15
from Telegram user David Prince
Adoption
is one of the important factor that all sustainable blockchain
projects should focus to be more attractive in the investors’ eyes.
What NULS has done and plans to do to achieve real world adoption?
Berzeck: There are 3 variables that give long term value blcokchain projects: a] developing unique products than nobody else is offering and becoming a first mover (we know what happens with those) b] attracting projects and companies to build real solutions to solve real problems so we already have a healthy dose c] attract partners to help enhancing ecosystem (we already have 8 institutional partners and it seems we will have more in the future)
Q16
from Telegram user erza Scarlet
Can you
explain the current focus of the Nuls network team, in a broad-sense
and in a business sense?
Berzeck: We are focusing to complete Nerve main net and NDEX that will be achieved on July business sense we invested in marketing and public relations company (multiplied.io ) so they are helping us getting investors, projects and users. also we offer SCO program and we offer direct free support from development team so they increase exponentially their chances to finish a working product
Q17
from Telegram user Termux Lucky
So bad in
quiz and so hard you quest
Berzeck: Quizzes will get harder but for your own good, the more you know about us, the more you will like the project… thats why we changed the AMA reward format (can be considered another innovation 😂
Q18
from Telegram user Rohit
What is
the advantage of using multiple programming languages? Do you want to
attract the maximum number of developers in your NULS project?
Berzeck: Minimize cost for companies, thats the objective, so they use the manpower they have… cost and income is the only thing they care about so we give them that, thats the core of our buisness strategy in general giveing free direct support, building ndex so they can publish their tokens for free, chainbox, chianfactory .. helps companies reduce costs SIGNIFICATIVeLY
chainfactory has a
free version but premium modules have cost paid in nuls. we already
collected 91 000 nuls in the middle of pandemic catastrophe so we are
on the right track…
in general products we build above NULS
and Nerve blcokchain may not be opensource so we get income which
will be used to invest in more projects, development and partners
which will bring more income and so on… you get the idea
Q19
from Telegram user Quốc Nguyên
What is
the business model of NULS ? How does it generate revenue for
development?
Berzeck: Read above
———————————
THE END ——————————
THANK YOU FOR
PARTICIPATING AND (HOPEFULLY) NOT SLEEPING IN THE PROCESS!
:joy::joy::joy:
Final words: I am not asking you guys to rush
and invest your hard earned money in NULS , the only thing I ask is
for you guys check our progress and know a little more about us,
because I am sure sooner or later you will like something you see
HOST: thank you very
much for the opportunity, in the future we surely will cooperate
again 🤗🤗🤗
Serg: It was a new format for us @Berzeck1 🙂 Thanks for being here with us
Irina Kravchuk: Thanks for your responses @Berzeck1
This first summer at Satoshi Club started with hot news. We were visited by friends from the incredible Orion Protocol project. Today we would like to tell you about this AMA session. The AMA took place on June 5 and our guests were Hatu (the CMO and co-COO of DAO Maker) and Timothea Horwell (CMO of Orion Protocol ).
The total reward pool was $150 and has been splitted in 3 parts.
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction and
questions from SatoshiClub members
Irina Kravchuk: Hi everyone and welcome to a new edition of Satoshi’s Club AMA series. @HatuSSS and @timotheahorwell are our guest today. Nice to e-meet you.
Timothea Horwell:
Hi everyone! It’s great to be here and thanks for having us. Look
forward to all your questions!
Hatu: Hi everyone, look forward to the community’s curiosity.
And how did you come to be involved in Orion Protocol?
Hatu: I am the CMO and co-COO of DAO Maker. We are split among a technology provider, accelerator, and early stage investor.
Since 2019, our
strategy has been to accelerate projects that have a strong
product/market fit, established years of development, and seed rounds
funded by the team.
Our portfolio, till now, in comprised of LTO
Network, Elrond, 2key, and now… Orion.
These companies were
bootstrapped by founders, meaning the founders put their own savings
to make the product come to life. This is the ultimate testament to
dedication.
This is the case with Orion too, as the first year
or so was entirely funded by the team, who put in hundreds of
thousands. It’s that kind of team that we want to support, and invest
in.
Timothea Horwell:
I’m Timothea and I’m CMO of
Orion Protocol. Over the last decade I’ve worked with tech
companies in the data, mobile, and payments space, with a focus on
driving business growth and revenue through marketing.
Prior to
this I was Head of Marketing and Research at Telefonica UK, founding
and leading their research division. Very happy to have landed in
this space having met a few members of the team at a Blockchain
conference last year, and was instantly drawn to the concept of
Orion.
A snapshot of DAO Maker’s track record, which even exceeds public sale IEO pumps
Irina Kravchuk: In the first part we’ll have questions collected from the community on our platform. Whenever you’re ready, we’ll jump to the first one.
Q1 from
Telgram
user Erol
What is
the uniqueness of Orion Protocol that cannot be found in other
projects that’s been released so far? And how the demand of your
$ORN will increase in the future? or what steps would you take to
increase the demand?
Timothea Horwell: Firstly, the most unique and powerful aspect of Orion is our liquidity aggregator protocol at our core. We understood the need for the merging of the centralized and decentralized worlds of crypto, so we built the most advanced liquidity aggregator ever developed – aggregating the liquidity of the entire crypto market into one platform for the first time. From this protocol, we’ve built a stack of DeFi products that address industry-critical needs, including a trading terminal, price oracle, and high-margin DEX, as well as a suite of B2B solutions for exchanges, blockchains, and crypto projects.
Regarding $ORN, it’s at the core of our protocol and each of our products. We’ve integrated it into all main transactions to take the form of an internal currency or utility token. Similar to tokens integrated with platforms like Binance, ORN will give holders a range of benefits, plus additional functionality that will increase demand: it’s required for payments, staking, participation, and the unlocking of advantageous network access with discounts on trading, oracle usage, and Protocol access. We’re committed to ensuring its sustainability and demand. It’s supply-capped, meaning new tokens are never minted beyond the Token Generation Event, while efforts are in place to strategically and frequently remove tokens from circulating supply. -Unrivaled token utility – Non-inflationary staking – Diminishing supply – Strong holder benefits – Refund opportunities – Thirteen revenue streams
Irina Kravchuk: And the products are already usable, right?
Hatu: The terminal is the first product, and it’s already in private beta, accessible to early brokers and applicants.
Hatu: A Q1 response from my perspective: Orion is a liquidity aggregator that has been in development for over 2 years. It’s not the first one, but the few that exist have massive demand, like Tagumi, which was bought this year by Coinbase for $100M. Orion’s differentiating point is that it aggregates liquidity not by itself, but by a distributed network of brokers—anyone can be a broker but the first few brokers are major exchanges and the foundations of large-cap coins. This difference lets Orion be superior to centralized aggregators like Tagumi by collecting volumes and liquidity of not 15 or 20 exchanges, but every exchange in the world. It also allows Orion to offer a non-custodial solution, which is both more secure and convenient. Keep your funds in your wallet, say MetaMask, just go to Orion’s terminal website, and buy/sell whatever you want at the best price available.
The terminal also accounts for fees so the trade you get will be the one with the lowest fee possible from across exchanges, at the best price for the asset.
Irina Kravchuk: When do you expect to launch?
Hatu: We invite everyone to apply for the private access already! As for the non-apply, open release, that will be in the next quarter.
Irina Kravchuk: Sure. You can share a link, maybe those interested will join.
As for token holders’ benefits, the Protocol has a robust product roadmap, with each building a revenue system. Collected fees are then distributed to those who stake the token.
A look at the how each product adds new layers of revenue.
Timothea Horwell: Great question. As Hatu and I mentioned, our flagship product is Orion Terminal. It was built to help traders save their time, money, and assets, enabling them to trade across all major exchanges on one decentralized platform with zero risk.
Time: you no longer need to waste time exchange-hopping as you can access the liquidity of the entire crypto market in one place. Money: you no longer need to worry about finding the best price for your assets – Orion aggregates all major exchange liquidity into one order book to provide you with the best price possible. By doing so, Orion provides the best prices and lowest fees in market – with almost zero spread and zero slippage. Assets: critically, you no longer need to risk your assets to access liquidity. You simply connect your wallet and execute your order across any exchange – centralized or decentralized – without the need for an account.
Irina
Kravchuk: Does
this affect the time involved in running the transaction itself? I
mean it should take some time to aggregate and deliver all the data
from the exchanges?
Timothea Horwell: We’ve built this in a way to be almost instantaneous, with the least slippage of any solution that is attempting to solve liquidity.
Hatu: The data delivery is quite efficient for a number of reasons. The protocol is not centralized. This adds linear scalability as each broker that joins the network adds the necessary computation power to support him/herself. The decentralized aspect not only adds security and convenience, but makes the product more competitive. As for data routing itself, much of the institutional volume is via APIs as it is. Traders on the platform will have an equally competitive data reliability as the industry’s main institutional traders.
Not
to mention, exchanges compete on the quality of their APIs. As an
aggregation platform, any individual exchange’s advancements
make Orion increasingly more competitive.
Irina Kravchuk: Nice. So it wouldn’t really make a difference for the regular users. Thanks for the clarifications on this.
Timothea Horwell: Nope, except for more efficient and profitable trading for the trader.
Q3
from Telgram
user giovanni
Safety
and security are always the most important things. So what is the
security mechanism of ORION to ensure user data do not become the
target of hackers ?
Hatu: As it’s a decentralized platform, its users own their data and hence Orion itself does not put user data at risk by design.
Timothea Horwell: Totally agree that safety and security are critical in crypto – this is the whole reason behind the development of our trustless and decentralized protocol. Orion or its brokers never get access to traders’ accounts or funds, as the terminal is governed by smart contracts to enforce secure conditions of token exchange. Only if the order is filled by a selected broker will the transfer of assets occur atomically within the smart contract: the trader gives the sold asset in exchange for the bought asset. The exact amounts of exchanged assets are strongly enforced by the conditions specified in the order and cannot be altered by us or the broker.
Also, leading
blockchain security firm CertiK will audit smart contracts and core
modules on our platform. All open-source software running on brokers’
local computers will be audited. Meanwhile, every project built on
Orion will be referred to CertiK for security auditing, improving the
entire ecosystem.
Irina Kravchuk: Got it. When will you have their results?
Timothea Horwell: Feedback from Certik is given regularly with a full audit, with public report being released after our public test net and public main net go live.
It’s an ongoing
partnership though to assure the safety of our traders. As technology
advances, sadly it also helps malicious actors. We want to be sure to
mitigate any and all risk as they may come at us.
Irina Kravchuk: Aha. Public component/ report is very important for the credibility.
Timothea Horwell: Yup, we totally agree and will be publicly releasing this to our community asap to ensure transparency.
Q4
from Telgram
user Vyacheslav
Orion
exchange platform depends on the liquidity of other exchanges. What
if you are deemed an unnecessary competitor and the use of API is
prohibited by Exchanges? Liquidity will drop and trade will stop?
Timothea Horwell: Here’s the thing – we don’t compete with exchanges: we aggregate them. Instead of competing with sources of liqudity like exchanges and swapping pools, we unite all of their order books into one easy-to-use terminal, giving traders access to the entire crypto market in one place. Rather than taking users away from these exchanges, we’re providing another point of access to their liquidity, allowing users to trade across exchanges they don’t even have accounts with. Also, it’s impossible to prohibit our use of the APIs – with anyone being able to be a broker, it’s impossible for exchanges to know which of its traders are giving the API access to Orion. The decentralized nature of our brokers make it impossible for exchanges to shut down our access to their APIs. We’re here to ensure the sustainability of the crypto landscape though, and that extends to exchanges too – having built a Liquidity Boost Plugin for exchanges with low liquidity, as well as a DEX Kit for blockchains looking to build their own ecosystem.
Hatu: Very true. Which is why the earliest brokers are actually some of the top exchanges themselves. That’s actually one of the first questions I had asked the Orion team. Beside that, Orion is decentralized, and that means in the final release, anyone can become a broker. Hence, even if some exchange intends to block it by blocking one account, another broker can jump in and claim the opportunity.
Irina Kravchuk: So technically you use a trader’s account to get access to an exchange’s API?
Trader’s
account that give access to an API = broker. Is that correct? There
might be more brokers for one exchange. Is that accurate?
Timothea Horwell: Brokers with exchange accounts run Orion Broker Software, automatically executing trades routed from the liquidity aggregator based on how much ORN they stake. There will be multiple brokers across multiple exchanges – if we only had one broker per exchange, we’d have some serious scalability issues!
Hatu: A summary of what the protocol does The Orion protocol creates the software with which traders can interact with a smart contract, and the software with which brokers are automatically synched to their exchange APIs and the smart contract. For each user trade, a broker is always the counter-trader. The brokers retain a balance within the smart contract and that’s all. From that point onwards, as trades are made, a somewhat on-chain swap takes place from a trader and one of the brokers, and the protocol immediately pulls the additional funds from the broker’s exchange account, be it any coin, any amount.
Because of this, you can use any wallet to interact with the liquidity brokers are providing, and brokers can maintain that level of liquidity without ever being actively involved. Hence, eventually anyone can become a broker as the process is hands-off once the setup is complete.
The closest comparison would be Kyber But one with an order book and not just swaps, along with aggregated liquidity of not node balances, but of every exchanges’ volume, liquidity, and order book.
Timothea Horwell: “Because of this, you can use any wallet to interact with the liquidity brokers are providing, and brokers can maintain that level of liquidity without ever being actively involved. “ – Not exactly, traders don’t need to open accounts on multiple exchanges. So no API key sharing and no complicated fund management – the trades are performed from brokers’ accounts on the traders’ behalf. That’s the beauty of it, anyone can be a broker and monetize their idle assets. And what’s even better is that the big exchanges are noticing this and want to take part in making this revenue too :rocket:
Q5
from Telgram
user Laila
What are
the benefits of Dynamic Coin Offering (DYCO) to ORN Token holders?
Why should I participate in Dynamic Coin Offering (DYCO)?
Hatu: We created the Dynamic Coin Offering to ensure that token buyers have a downside protection. Some key points: – All sold tokens are refundable – Refunded tokens are burned – It creates a mirror flip, which allows holders to arbitrage profits if a token goes below its price floor I’ll expand on these now.
The dynamic coin offering is designed to let you be vested in the upside of a project’s potential for 16 months. That means holders have the ability to stay involved in the project for at a very long period of time while still retaining the right to refunds. This means you get to see projects launch, see their level of adoption and demand, and then decide whether or not to keep the tokens. Throughout the period, holders get to be involved in the upside, with limited downside. This is refundable aspect of the project.
The second part is
the burning of refunded tokens.
If refunded tokens are burned,
supply is consistently reduced to adjust for the market demand. If
there’s a need for refunds, then there’s a need to remove those from
supply.
This means that the DYCO adjusts token supply to market
demand, reducing project valuation (and even its initial hard cap as
the number of tokens sold is not set in stone, and is in fact decided
by holders who can have supply burned after refunds).
The third part is the mirror flip. I believe that buying tokens at issuance should be different from buying them off an exchange. As an early supporter, you deserve to be privileged. For that reason, refunds are limited to DYCO participants only. And they even have the right to buy from an exchange and claim refunds for those tokens. If market price drops below refund price, there’s from for risk-free arbitrage. More details here: https://medium.com/daomaker/what-is-a-mirror-flip-and-how-to-profit-through-it-f036fd870d1b
Irina Kravchuk: Sounds good for the investors 😀 What about the projects? Is this like a loan for them? Or how does it work? Do they have access to the funds during this 16 months?
Hatu: I’ve covered this in detail here: https://medium.com/daomaker/money-backed-utility-tokens-are-a-necessity-930baa5aa5b0 But some quick notes: Project performance is essentially a milestone. Once you buy in, you have a stake and if the project is going well, you clearly do not want refunds as that would be a loss for you compared to what market price would be. On the 9th, 12th, and 16th month, holder have to decide whether or not they want to claim refunds. As people forego refund rights, more funds are unlocked for the project itself to scale up product expansion and hence benefit the token holders.
Worth noting that through out the 16 month period, the only tokens in
circulation are those that have been bought, and so there is no
supply inflation.
Irina Kravchuk: And are there any projects now that are interested or use this new technology?
Hatu: We’ve had several applicants, but we have a thorough due diligence process and only Orion qualified, and that too after months of communication and assessment.
Irina
Kravchuk: Ok.Thank
you @hatusss
for the explanation of DYCO. I think we’re good on this question. Is
there anything that you want to add to your answer for Q5?
Part
2 — live questions from the Telegram community
Q1 from
Telegram user (¯`*•.¸,¤°´✿.｡.:*Jőhńl*.:｡.✿`°¤,¸.•*´¯)
“Staking”
is a very popular topic recently. Please tell us in detail about the
$ORN staking plan and the benefits of adding “staking”??
Timothea Horwell: Operating our protocol is our staking mechanism, Delegated Proof of Broker.
This mechanism fulfills every function on the protocol from order execution, to clearing, to the governance of choosing a broker, and everything in between, via a decentralized brokerage with the native ORN token at its core. Brokers with exchange accounts run Orion Broker Software, automatically executing trades routed from the liquidity aggregator based on how much ORN they stake, while Non-Broker Stakers stake ORN to ‘vote’ for their choice of Broker based on the variable benefit share offered. Brokers never get access to traders’ accounts or funds as the terminal is governed by smart contracts to enforce secure conditions of the token exchange. Only if the order is filled by a selected broker will the transfer of assets occur atomically within the smart contract: the trader gives the sold asset in exchange for the bought asset. The exact amounts of exchanged assets are strongly enforced by the conditions specified in the order and cannot be altered by the broker. Orion’s MainNet V1 is due to be released in Q3 of this year and will feature trusted brokers from major exchanges, OTC desks, and market-makers. Learn more here: https://blog.orionprotocol.io/delegated-proof-of-broker
Q2
from Telegram user Savage
Are there
any requirements needed to be met before an Exchange can be added to
Orion’s terminal ? Do you filter out Low Quality Exchanges with
fake volume or wash trading ?
Hatu: Exchange quality is irrelevant If an exchange has no liquidity or volume, no broker would want to sync it Even if a broker syncs, the protocol aggregates the orderbook such that best instantaneous price of an asset is discovered. Exchanges with fake volumes would never qualify for the best price discovery match.
Q3
from Telegram user Shin Chan
What are
the use cases of $ORN token in Orion protocol. Right now, $ORN is
hosted on Ethereum blockchain. Are there any plans to migrate $ORN to
native blockchain?
Hatu: The token is not issued on Ethereum, and the final decision is still pending, but on which chain the token is issued is not relevant in Orion’s case as the protocol itself is blockchain agnostic. It’s designed to operate as a layer-2 on almost any chain, but the blockchain on which primary transaction settlement will take place will be announced soon in a joint-statement with the foundation of that blockchain.
Q4
from Telegram user Lunm (investing microcap projects)
Will I
finally be able to exchange different tokens from other chains SAFELY
and FAST?
Hatu: Yes, and conveniently with the wallet of your choice, be it MetaMask or anything else. The final settlement chain is Ethereum VM compliant to support most of the popular wallets.
Q5
from Telegram user Lee
What is
the use case of ORN token in your ecosystem and what is the mean of
dynamic coin offering?
Timothea Horwell: At the core of Orion Protocol is the ORN token. We have ensured deep utility of our native token across the entire protocol, integrating it into all main transactions to take the form of an internal currency or utility token. No product or feature can work without it: ORN is required for payments, staking, participation, the unlocking of advantageous network access with discounts on trading, oracle usage, and Protocol access. You can learn more about our token economy here: https://blog.orionprotocol.io/tokeneconomy
Q6
from Telegram user I AM | Elrond
Does
ORION exchange support Fiat currency Or do you have the plan for
this?
Hatu: Not from day 1.However, it’s part of the roadmap. Given that brokers are deployed as part of the network, OTC brokers who settle in fiat are already interested.
Q7
from Telegram user erza Scarlet
How do
you plan to keep your position solid in the whole crypto market and
sustainable overtime while there are too many exchanges created day
by day?
Hatu: Orion is not an exchange. It’s an exchange aggregator. So regardless of which exchange you like, you can access its liquidity, depth, and coins through Orion — but without giving ownership of your assets. Then there’s the added advantage of having access to any other coin that’s also on other exchanges. Plus, your preferred exchange won’t always have the best price, even the biggest ones deviate from the best price. As a trader, you simply seek order fulfillment at the best asset price, at lowest trade costs. Now, you have that advantage from a Protocol that will guarantee that fulfillment.
Q8
from Telegram user Nick
What are
the main differences between Orion Terminal and other trading
platforms? Why is Orion Terminal better than these platforms? What
are the benefits of being a user of Orion Terminal?
Timothea Horwell: Currently, no solution in market offers traders the liquidity, custody, and accessibility they need in one platform. Traders are being forced to trust large monopolized exchanges with their assets in order to access the liquidity they need to trade – entities that are prone to the very issues that crypto is supposed to eliminate and leaving traders at risk. Decentralized alternatives have arisen to provide traders with access to liquidity while retaining ownership of their assets, but decentralized exchanges often lack the liquidity, trading pairs, user experience, and features traders are looking for. Insufficient liquidity: the decentralized liquidity aggregators available only pull from decentralized exchanges, leaving out a major source of liquidity from centralized exchanges. Few non-custodial solutions: the liquidity aggregators that do pull from centralized exchanges are themselves centralized, custodial solutions. Lack of accessibility: most decentralized aggregators carry ERC20 tokens only, while those that are multi-chain are custodial and therefore not decentralized. Unscalable solutions: swapping protocols have become popular, yet the pools are often not large enough to sustain increasing demand. Some pools could be wiped out with as little as a single $5k order and leaves the token price susceptible to manipulation. Orion Terminal is a solution that provides traders with what they need: allowing them to tap into the liquidity and markets of every crypto exchange directly from their private wallets – without any third-party risk.
Q9
from Telegram user Jonas
How do you Plan to Tackle Challenges In Case of Low Liquidity of Selected Coin from Other Exchange ? How do you Plan to Meet Liquidity as well as Provide Lowest Fees in Industry ?
Timothea Horwell: The liquidity of the entire crypto market is aggregated via our liquidity aggregator protocol – pulling from every major centralized exchange, decentralized exchange, and swapping pool, allowing us to provide over 10,000 trading pairs.
Q10
from Telegram user Mike
At the
moment DeFi is very popular. How about the Orion platform compared to
other platforms?
and How does orion solve the problem about Defi
Orion?
Hatu: Defi is a market segment. Orion is not competing with DeFi, it’s joining it… and it’s joining it with solutions existing DeFi products do not offer. Namely, oracles such as Tellor or Band are limited in terms of price discovery as they use a handful of sources. With Orion, the oracle has entire market price included, easily edging any competitor. Meanwhile, DeFi’s key limitation, lack of liquidity and depth, is now addressed as Orion’s settlement will be onchain.
Q11
from Telegram user Crypto Star
How will
you solve the scaling problem that many DeFi have? And how do you
overcome the threat of centralization in Orion Protocol? By what
criteria does Orion choose exchanges to support with?
Hatu: It’s layer-2 protocol and it’s blockchain agnostic. It can operate on multiple chains, that are EVM compliant.
Q12
from Telegram user Tony
How will
you attract potential users to your platform considering that it is
powered by blockchain ?
Timothea Horwell: Top exchanges provide much of the liquidity in market — we’re aggregating the liquidity from all of them into one easy-to-use platform. We’re providing the best prices and lowest fees in market with almost zero spread, due to our aggregated order books from every major exchange. Embedded within the terminal are robust trading tools that provide you with all of the news, market analysis, and trading signals in real- time to conduct successful trades. On top of this, we’re providing arbitrage opportunities without the need to open and manage any accounts. Seems a no brainer to me.
Q13
from Telegram user Robertson
Do you
have any discount on commercial rates for the ORN tokens? If yes,
under what conditions do the discounts apply and how does the
percentage vary?
Hatu: Private sale buyers get a 20% bonus, which starts to vest 16 months after TGE. They still have rights to refund their original purchase + the bonus is an added factor — of course, the bonus is not refundable.
Q14
from Telegram user Tony
How will
you attract potential users to your platform considering that it is
powered by blockchain ?
Hatu: As a product that addresses trading, it’s a blockchain development with a ready go-to market: anyone who holds crypto. Orion does not need to penetrate new consumer markets or create fresh demand. It’s already there, and offered in a manner that is convenient enough to get existing market participants to opt in.
Q15
from Telegram user Anisur Rahaman
Does
Orion has insurance? Are Orion is financially capable to do that just
in case of emergency?
Like, If there’s an unnecessary incident
that you need to refund the users of this platform.
Hatu: The protocol is already done. It’s been in development for 2 years, and till mid-2019 was funded was self-funded by the team. The new raise is for product scaling.
Q16
from Telegram user Christina F
why did
orion choose DeFi?
Timothea Horwell: It was less of a decision to ‘choose’ DeFi and more of an understanding that DeFi is the future. Traders are being forced to trust large monopolized exchanges with their assets in order to access the liquidity they need to trade – entities that are prone to the very issues that crypto is supposed to eliminate – leaving traders at risk. But of course, centralized exchanges provide much of the liquidity in market, so we realized need for the merging of the centralized and decentralized worlds in a decentralized way. That’s why we built the most advanced liquidity aggregator ever developed – aggregating the liquidity of the entire crypto market into one decentralized platform for the first time.
Q17
from Telegram user Subzero2020
How is
Orion planning into protecting agains attacks from malicious
actors/brokers, attacks simmilar to the bZx exploit that can steal
liquidity from the protocol ?
Why does Orion have a token, what
is your revenue stream and is that revenue tied in some way to the
token ?
Hatu: The issues with bZx and other DeFi exploits were due to poor oracles and lack of liquidity across decentralized platform. Both of these are addressed by the Protocol as is pulls the liquidity, price discovery, and depth of every exchange.
Q18
from Telegram user Carlos3766
What is
the bandwidth? If suddenly there are a lot of buy and sell orders,
will the protocol handle the load?
Hatu: Yes, it’s linearly scalable. Each broker joins with his/her own computation resources.
Q19
from Telegram user Tony
Who is
building the business and tech and your upcoming plan in the near
future?
Timothea Horwell: This is largely being built by our fantastic CEO Alexey Koloskov – previously Chief Architect and Creator of the Waves DEX (the most mature DEX in market with daily volume up to $10million). Prior to this he was creating banking software for some of the largest international banks – so we have huge belief in his ability to bring to market such an ambitious roadmap.
Hatu: For more information and answers to additional questions — Join the Orion telegram: @orionprotocol Orion website: orionprotocol.io Learn about the DYCO token sale framework: daomaker.com/dyco
Timothea Horwell: Thanks guys! This was a fantastic AMA and really appreciate all of the great questions. As Hatu said, join us over at @orionprotocol if you have any more questions for us or the rest of the team.
PART
3 – Quiz
Results
In the final part we would like you to check your knowledge in terms of Orion Protocol. They’ve prepared 4 questions for this part, so everyone could be a part and answer. All the correct answers you will find at the bottom of this Recap. Enjoy!
Q1
What percent of tokens sold are refundable in a Dynamic Coin Offering? a. 80% b. 20% c. 50% d. 100%
Q2
Which Orion Protocol product competes against Tellor and Band Protocol? a. Orion Terminal b. Orion Lending c. Orion Oracle d. Orion Enterprise Widget
Q3
How many revenue streams are tied to Orion Protocol (ORN)? a. 10 b. 11 c. 12 d. 13
Q4
Orion Protocol aggregates liquidity, coin pairs, and order book depth from which platforms? a. Decentralized exchanges only b. Centralized exchanges only c. Stock exchanges, centralized exchanges, and decentralized exchanges d. Swap pools, centralized exchanges, and decentralized exchanges
On June 16, while the world tries to recover from the pandemic situation, Satoshi Club Community is growing more and more. Our friends from Tezos team were invited to conduct an AMA session with us. The guests were @wbm_97 and @ajustice8.
Rewards: $1500 Prize pool was split in three parts.
In this AMA Recap we are trying to summarize some of the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY
QUESTIONS
Serg | Satoshi Club: Dear community, today we will have an AMA with
one of the best crypto projects: Tezos – number 12 on CMC at the moment. @wbm_97 will be our guest today. Welcome!
Irina Kravchuk | SatoshiClub: Hi William, nice to meet you 🙂
William McKenzie: Thank you, glad to be here!
Serg | Satoshi Club: Please tell us a bit about yourself :). @ajustice8 will join us as well 🙂
AJ: Thanks
for having me Serg. While William is writing a novel, I’ll just intro myself.
I’m a community director for Tezos Commons, a nonprofit organization focused on
building the Tezos ecosystem. You can check out our website at: tezoscommons.org
Tezos
Commons supports the ideas, individuals and organizations dedicated to building
the digital commonwealth. We empower the community to be the architects through
bootstrapping local communities, communications, promotion, education, funding
open source initiatives and advocacy.
William McKenzie: Well, I’m apart of Tezos Commons. I’m the
community manager. I’ve been involved in the blockchain space for quite some
time. At Tezos Commons, we focus on growing the Tezos community through a
number of community focused events (such as this haha) and educating the
general public on Tezos.
Irina Kravchuk | SatoshiClub: Hi @ajustice8,
nice to meet you. Can you tell how many entities are there in the Tezos project
in general? Because I was thinking about that also, it’s a bit unclear. Is
there a company and a foundation?
AJ:
So let me clear up the misconception of a company and a foundation for Tezos.
Tezos
is a permissionless, decentralized blockchain protocol or rather just the technology.
There are organizations within the Tezos ecosystem that build on the protocol,
support community initiatives, build tools, and fund projects. So there are
quite a few organizations around it. For example, Tezos Foundation, TQ Tezos,
Tezos Commons, Nomadic Labs, Metastate, just to name a few.
Serg | Satoshi Club: Thank you for this introductions 🙂 We have
collected questions from the community. Shall we start?
William McKenzie: Let’s start!
AJ:
Indeed, let’s get the ball rolling.
Q1 from Telegram
user @kbender
How is Tezos
project generating profits and how does it sustain itself?
AJ:
So as mention above, Tezos is just a decentralized blockchain protocol, its
goal isn’t to generate profits but rather be a base layer of a powerful
technology so organizations and companies can build and adopt on top of it.
There are examples of organizations on top of it that are generating profits,
for example a baker (staker) can set up a node and have token holders delegate
to them and they take a percentage of the rewards.
The
second part of the question on how Tezos sustains itself is a great question,
Tezos has a built in funding mechanism for developers, called inflation
funding. A developer can propose an upgrade to the Tezos protocol and attach an
invoice. Once it successfully gets voted on by token holders and is
implemented, the chain will mint those tokens and pay the developer. This mean
Tezos is built to evolve over time with the newest technology as the code base
is modular. Tezos can upgrade and evolve at a rapid pace.
Q2 from Telegram
user @bitcoinistic
Could you share
with us what are the main usages of the XTZ token?
William McKenzie: So, as @ajustice8
touched on, Tezos is a decentralized, permission-less, self-amending
cryptographic ledger. Anyone can build on top of the protocol.
Furthermore,
any new tech/features that arise can be ported onto the protocol through a
formal means decided upon by token holder voting. This is one function of XTZ.
There are also some exciting projects that aim to make use of XTZ, such as
Emergents, a DCCG being built on Tezos, and also STO’s. There’s been numerous
STO deals announced, predominantly in the real estate sector. I’d encourage you
to read through this post for further information: https://link.medium.com/MyFbYpmPm7.
Serg | Satoshi Club: What about the funds collected in the public
sale? Are they used for this initiatives?
AJ:
Absolutely, the funds collected are held in custody with Tezos Foundation. They
are a charted Swiss nonprofit with its only purpose to advance to the Tezos
ecosystem so they distribute funds via grants to contributors and builders.
Indeed,
and they are transparent with their bi annual reports of the funds: https://tezos.foundation/reports/, that is audited by the big 4 accounting firm
PWC.
Q3 from Telegram
user @pandasbitcoins
Tezos had a rough
start, with many people criticizing the lack of news and progress. Why did you
have this period of poor communication?
AJ:
So Tezos indeed had a rough start, as it was one of the largest fundraisers for
the blockchain project. The Tezos Foundation had to shake up their board of
directors which upheld communication, however, the community and development
was still going strong during this time. There were weekly development updates
from the founder of the project while the Tezos Foundation was sorting out its
board of directors. The amazing thing about it is, that Tezos launched its
betanet, restructured the board and has been running like a well-oiled machine
since the launch. The other great aspect is that the community banded together
and helped launch the project as well.
Irina Kravchuk | SatoshiClub: Everything worked out quite well after the
betanet launch😊.
Serg | Satoshi Club: I was an investor in the Tezos public sale. To
be honest, I was skeptical that the project will succeed. I am glad now
everything is going well :).
AJ:
I wouldn’t blame you, it was a tough period that tested the Community’s will.
But diamonds are forged through tension, stress, and pressure :).
Q4 from Telegram
user @bitalik_vuterin
Name 3 most
important concurrents that Tezos has at the moment.
William McKenzie: So, I will say there’s many focuses currently
within the Tezos ecosystem and these range from several sectors – from digital
securities, payments, CBDC’s, DeFi, and more just to name a few. I would say
some of the most exciting developments at the moment, I touched on in my
response to @bitcoinistic’s question.
In
terms of competition though, I think the blockchain space is still nascent and
the technology is all very new. So, it will take some time to see what works
and what does not.
AJ: 3
exciting concurrents for me:
STOS
– there will be over 1 billion dollars’ worth of real estate tokenizing on
Tezos
Governance – Tezos is decentralized with over 450 bakers
and have successfully upgraded the protocol 3 times
Adoption: The French cybercrime unit is using Tezos to
validate expenses, Universities are using Tezos for voting, etc.
Irina Kravchuk | SatoshiClub: What about external competition?
AJ:
in regards to competition, I think Ethereum and Cardano are interesting
competitors.
Serg | Satoshi Club: Can you tell more about the French cybercrime
using Tezos?
What is the role of
Tezos grant funding and what projects can participate in it?
AJ:
So as you know, the fundraiser initially consisted of 250 million dollars which
is held custody by Tezos Foundation, a nonprofit foundation located in
Switzerland. This nonprofit has a charter which means the funds are legally
only to be used on advancing the Tezos ecosystem. Tezos Foundation has a grant
process that issues an RFP each quarter people and projects to apply for. The
projects vary from technology platforms, business development, development,
tooling, marketing, community initiatives. A great resource of the entire grant
process and application can be found here: https://tezos.foundation/grants/.
I
believe the last bi-annual report stated that Tezos Foundation now has 600
million in custody from BTC price rising so that means there is even more funds
since the fundraiser to grow the Tezos ecosystem
Irina Kravchuk | SatoshiClub: How many applicants did you have until now?
AJ:
There have been hundreds of applicants, I can’t verify the number in
approximate measures as Tezos Foundation has those numbers but there tons of
cool applications to build the Tezos ecosystem.
Serg | Satoshi Club: In 2 minutes we will open the chat for the
live questions from the community :).
………………………………………………
PART 2, TELEGRAM COMMUNITY LIVE
QUESTIONS
The
chat was open for 2 minutes and a lot of questions were posted by the Satoshi
Club community. Our guests chose five of them.
Q1 from Telegram
User @Knarf7003
How Secure is the
Tezos Smart Contract?
AJ:
Great question, Tezos Smart Contracts has built in formal verification due to
the language oCaml. In other words, the smart contract can detect any bugs
before being live. This enables confidence when executing a large value smart
contract and why a lot of institutions prefer Tezos.
Q2 from Telegram
User @jpsarmah
Your website reads,
”Secure. Upgradable. Built to last.” Can you explain how Tezos as an
open-source platform achieves this and how is Tezos a self-amending
cryptographic ledger?
William McKenzie: First off, when the term “self-amending
cryptographic ledger” is used – it encompasses Tezos’ on-chain governance
process. Through this formal process, which token holders have a say in, new
tech/features can be ported onto the protocol and as @ajustice8 described previously – be rewarded.
That
process works as follows:
A
dev team injects the hash of a tarball file into the protocol as a proposal
with an invoice attached. That proposal undergoes 4 phases, where upon approval
of each phase it results in activation – and the subsequent minting of new XTZ
to fulfill that invoice attached.
Q3 from Telegram
User @Lady_luck2
Tezos uses the
Liquid Proof-of-Stake algorithm (LPOS) a combination between the classic PoS
and its counterpart the delegated PoS. What advantages does this combined
system bring to the platform?
AJ:
The amazing thing about LPOS is that your tokens are always liquid when
staking, that means when you delegate your tokens to a validator, you always
own your tokens and can move them in and out without any lock up period. This
also plays a key factor in governance, your token is a vote, so when you
delegate to a staker, then you are delegating your voting rights to that
staker. Let’s say for example a proposal has been submitted and your baker is
going to vote on it and you don’t agree with their stance. You can instantly
change bakers that does agree with your point.
What is the minimum
amount of XTZ required to be a stakeholder, and which other requirements are
needed? What would be my reward program as a stakeholder?
In
terms of how much XTZ you need to be a baker, you can delegate to a baker for a
minimal amount ~100 XTZ. But, to bake on your own you’ll need a roll (atm =
8,000 XTZ). In RE: to expected returns, it’s about ~6% currently.
Q5 from Telegram
User @Misun1
What business
scenarios can XTZ support now? In which industries can we see the mass adoption
of XTZ technology in the near future?
AJ:
Right now Tezos is leading asset tokenization, there will be over $1 billion
dollars of real estate tokenizing on Tezos through various organizations and
banks. These organizations prefer Tezos because of its ability to evolve over
time with a sophisticated governance mechanism and because of formal
verification built into smart contracts.
Irina Kravchuk | SatoshiClub: Thank you for your time and great answers.
William McKenzie: So, we’d like to thank everyone for
participating in this and asking all these great questions. You can find more
information about Tezos Commons and Tezos through these links – https://tezoscommons.org, https://tezos.com.
AJ: Thanks
everyone for having us, that was a blast and really enjoyed talking to your
community. We also like to engage with a ton of community engagement, we host
regular virtual events online and a podcast:
As usual,
for the third part, Satoshi Club Team asked the chat 4 questions about Tezos. A
link to a Quiz form were sent into the chat. Participants had 10 minutes to
answer.
17 users with correct answers were rewarded.
For more information and future
AMAs, join our Social Media channels:
On June 13th Evedo conducted an AMA in Satoshi Club Community. Let’s take a look at the most interesting points from the conversation.
Part 1 — introduction and questions collected on our platform
Irina Kravchuk | Satoshi Club: Hi Stoyan Angelov. Nice to e-meet you. Glad to have you as our guest.
Стоян EVEDO: Thank you for the invitation to do quiz and AMA in your great community! Thank you all for participating.
Serg | Satoshi Club: We are glad to have you here 🙂 Please tell us a liitle bit about yourself 🙂 And a small introduction for Evedo?
Стоян EVEDO: I am the Foudner and CEO of Evedo. I’ve been involved in the event and entertainment industry for more than 10 years and also in the startup and tech scene. That is how the idea for Evedo came alive.
Irina Kravchuk | Satoshi Club: Nice. Can you tell us what is your background? How did you come to be involved in the blockchain field.
Стоян EVEDO: We are building B2B and B2C Ticketing platfrorm for the event business and our mission is to bring the innovative technologies like blockchain. Also to bring the transparency and security in the industry!
Irina Kravchuk | Satoshi Club: Why does this field need blockchain? How does blockchain help?
Стоян EVEDO: For more than 10 years i was involved as co-founder and adviser in a lot of technology projects. 3 years ago I was involved in the blockchain project www.locktrip.com and that is how i realize the huge potential of the blockchain technologies. There are a lot of problems in the industry now caused by lack of trust and transparency, tickets fraud etc. Using the smart contracts functionalities the industry could work better and more secure. We are going to implement Evedo in our platform soon and will help the event organizers, performers, venues, promoters, rental companies to work faster and more secure.
Serg | Satoshi Club: Interesting. I didn’t know about the issues in this industries.
Стоян EVEDO: Yes. It is huge problem and now with COVID it is crazy how all the offline events was cancelled or postponed. This lead to total mess with refunds of tickets and people need to wait 30+ days to receive back their money. With a simple smart contract this problem could be eliminated
Irina Kravchuk | Satoshi Club: Will we be able to check our tickets on the blockchain?
Стоян EVEDO: Yes. Tokenizing the tickets is the future of this business 🤞
Q1 from @Eraybukucu The Event management industry is a multi billion dollar industry with lots of well established players, now why do you need blockchain and what’s your recipe for success in this highly congested crypto space and your business mode?
Стоян EVEDO: Actually I partially answered this question. Very important for the industry is to innovate. The habits of the people are changing a lot last decade. Implementing the blockchain in the B2C marketplace and tokenizing the tickets is the future of the ticketing business. Using the smart contract and scroll functionalities of the tokens is the key to secure both parts ( event organizer and attendee ). In our B2B Marketplace will be possible to book a DJ or venue or to find partners to organize your next event … all the conditions will be locked in a smart contract and this will guarantee that any involved business will do their job.
Serg | Satoshi Club: In this way you can prevent such events where some “businessmen”are buying lots of tickets and selling them with x5 price? Right?
Стоян EVEDO: Exactly. This is the other problem that we are solving. The black market of event tickets will be stopped.
Irina Kravchuk | Satoshi Club: How will it guarantee it? Similar to an escrow?
Стоян EVEDO: Escrow is when the value is locked for certain period of time. Imagine that you are booking a DJ and you pay him. The funds are locked in scroll between you and the DJ. Once the job is done – he received the funds.
Serg | Satoshi Club: Can you tell us how? I am trying to imagine this solution and I can’t. To prevent the black market of the tickets?
Стоян EVEDO: For sure there is a human element that could not be 100% prevented. There will be always events that the demand is huge and we can not stop someone to buy 1 ticket and to sell it on a different price. Having a digital record for every ticket will show all the information for the tickets and the owners. if there is someone who buy let’s say 100 tickets for the event that means that maybe something is wrong. It will be up to the organizer to stop these sales and to prevent speculations.
Serg | Satoshi Club: Thanks for the explanation 🙂
Q2 from @MsHuong206 What is your strategy to marketing and for Mass Adoption? What message do you want to send to community through AMA today?
Стоян EVEDO: Yes. Thank you for this question! We started our fully functional ticket sales platform few months ago. We already execute 200+ events and work with more than 300 event organizers. Our plan for expansion is with local industry partners, also affiliate program to onboard businesses in our platforms. Also we are signing key partnerships with industry partners like Drooble, Techsoup and many more organizations. This key partnerships leads to a lot of new organizers and businesses onboarded. In 2 year plan we plan to grow mostly organically and sustainable. We have all the announcements and news in our Medium channel – feel free to check all the news there 🙂 https://medium.com/evedo
Serg | Satoshi Club: Nice. We can post our AMA events there as well? Do you have audience looking for crypto events?
Стоян EVEDO: Yes. We have crypto audience. You as organizer of AMA and QUIZ events are more than welcome to use the platform. I am happy that we already have your first event in our system: https://tickets.evedo.co/events/competitions/satoshi-club-ama-with-stoyan-angelov-evedo/146/
Q3 from @ashwini_Crypto In this Time of Pandemic, People have to move all thier Events online & They need a Friendly & Useful platform for this, isn’t it? Do you think the Growth of Evedo Will Increase in these times ?
Стоян EVEDO: This is a really great question. Now because of COVID 100 % of the offline events are affected. Most of the event organizers start organizing virtual conferences, workshops, concerts etc. This gives a huge opportunity for innovative companies like us to catch this wave and grow. Our team react immediately after the pandemic and we focus all our resources helping organizers with their online events. Here you can check our product for online events: https://evedo.co/webinars . We also build a MVP of our own webinar platform that is functional and everybody can use now for video calls: http://webinar.evedo.co/ ( based on open source software ). We want to provide full solution to the online event organizers – creating event, doing RSVP & selling tickets and hosting their online events.
Irina Kravchuk | Satoshi Club: Great attitude. Finding opportunities in every hardship.
Serg | Satoshi Club: A lot of interesting things. When did you start Evedo btw?
Стоян EVEDO: We started the company in April 2018. A little more than 2 years.
Irina Kravchuk | Satoshi Club: What’s rsvp?
Стоян EVEDO: RSVP is used from event organizers as symbol for building your list with guests. WIKI: RSVP is an initialism derived from the French phrase Répondez s’il vous plaît,[1] meaning “Please respond” to require confirmation of an invitation.
Q4 from our Bulgarian friend: @dani_unss What are the advantages of Evedo compared to other alternatives in the market?
Стоян EVEDO: There are a lot of competitors in the market. Ticketing companies like Eventbrite and Ticketmaster , gig platforms like GetGiggio , A lot of platforms connecting venues and event organizers, rental companies and event organizers … there are also other great projects for ticketing in the blockcghain sphere like Eventchain and Gutstickets. We are different because of the approach that we have and building not only the ticketing platform but also B2B platform.
Irina Kravchuk | Satoshi Club: How is the b2b different? The platform I mean?
Стоян EVEDO: It is the first platform worldwide that tries to connect all the participants involved in the event organizing. We bring on one place event organizers, promoters, any kind of performers, rental companies, brands and any other business involved in the industry. We already have the ALPHA of the B2B and you can check it out here: https://alpha.evedo.co/ It is still on early stage and a lot of updates will be released soon but already can explore entertainers, venues and event organizers.
Irina Kravchuk | Satoshi Club: Thank you for the explanation. That sounds like a really important aspect.
Q5 from the user @King_Raja What if the Event is Cancelled due to Some Reason after Sechduling it, Any kind of Refund is Possible?
Стоян EVEDO: A very good question that is linked to the first one. This is how the smart contract will be used for the tickets. If for some reason the event is cancelled the smart contract will trigger immediate refund and this will solve huge problem that the industry experience nowadays. In Eventbrite you as ticket buyer needed to wait for more than 30 days to receive refund for the cancelled events during the pandemic which is insane stress for all the involved parties.
Irina Kravchuk | Satoshi Club: And the payments? In what currency will it be possible to make them?
Стоян EVEDO: The payments will be executed with FIAT, major cryptocurrencies and EVED. It will be up to the organizer to choose how to collect the payments.
Irina Kravchuk | Satoshi Club: EVED is you token as I understand? Could you share what other functionalities does it have?
Стоян EVEDO: Yes EVED is our token that is already released and we are going to use it for the blockchain implementation in the B2B and B2C marketplaces. https://coinmarketcap.com/currencies/evedo/ The token also will be used for executing performance marketing campaigns in our platform ( to boos your event and more people to join your events ). Also for any kind of B2B and B2C premium functionalities and subscriptions. There are a lot of details about this in our Whitepaper: https://evedo.co/docs/whitepaper.pdf
Irina Kravchuk | Satoshi Club: Solid usefulness. Great work
PART 2, TELEGRAM COMMUNITY QUESTIONS
Telegram User:
Evedo announced entering into a partnership with TECHSOUP, can you describe to us how EVEDO will be able to contribute in this partnership to help NGO sector on a global scale with the optimization of their events?
Стоян EVEDO: Techsoup is a global organization that connects software producs like ZOOM, Windows and many more with NGOs around the world. We are doing pilot partnership with their Bulgarian chapter and in the near future we will be linked also in the global platform. Every NGO is potential clients of Evedo because they are organizing online and offline events. Partnerships like these are key for our platform adoption. You can read more about the partnership here: https://medium.com/evedo/evedo-partners-up-with-techsoup-to-support-ngos-all-over-the-world-45293e01c718
Telegram User:
Guess I’m a event organizer and I do numbers of events. How EVEDO makes the ticketing solution more easy for me? How it handles the supply & demand both sustainable?
Стоян EVEDO: You have your own profile and event organizer dashboard. You as event organizer can create your event and to manage every aspect of the ticket sales. You can customize and see real time progress of the event and to activate and deactivate your tickets. Other great functionalities are the event insights for the people viewed the event, customizable coupon codes, embed tickets in other websites etc. In this short video you can see how the platform really works: https://www.youtube.com/watch?v=e07-51BBmGM&list=PL28BaRfUIccHVcAaZ3sB8-kIErUejMPNQ&index=3
Telegram User:
What are some of the major achievements that the Evedo project has achieved and what milestones are planned in the upcoming months/years?
Стоян EVEDO: For the last 2 years of hard working with the team we manage to launch our 2 marketplaces. Our B2C ticket sales platform is LIVE and working ( https://www.evedo.co/tickets ) and our B2B platform as ALPHA ( https://alpha.evedo.co/ ) Also MVP of our webinar solution: http://webinar.evedo.co/ Now we are onboarding event organizers and industry businesses from around the globe. We also have our token launched and we are developing the token step by step ( https://coinmarketcap.com/currencies/evedo/ ). It is really important to mention here that we are also building the infrastructure to develop the health of the EVED token, listing the token in new exchanges and planning to list in more exchanges for the next 1 year. Check our updated roadmap here: https://www.evedo.co/#roadmap. Apart from the products themselves we’ve raised capital from different investors, became part of the Master Ventures accelerator program, did a successful IEO last year and our token has been listed on 4 platforms. so far and we have open communication about. We’ve gathered an amazing advisory board with 6 key advisors and over 10 more that help us with the decisions and execution of the products. They range from key figures in the event industry and entertainment business, investors and tech entrepreneurs etc.
Telegram User:
Currently , There are Lots of Centralised Event Booking Platforms Like EventPro , Venue booking Platform ? Why should people Prefer using Your Platform over these & What benefit will they get?
Стоян EVEDO: The market is really huge and there is a space for more quality platforms to get market share. Our approach to the market is really different and we are providing unique value to the event organizing being a kind of one-stop-shop for the industry. Trying to give more and more value helping the organizers easily to manage and connect with relevant companies and partners is crucial for us. On the top of this providing a ticket sales solution make us different from all the other companies in the market.
Telegram User:
First, i want to thanks to the team and congrat all for the project and the efforts made until here on this project. I believe a lot in this project. For me, the best project on the space. I had my own research about blockchain projects and i found EVEDO this year (i’m new on the space, about 10 months). After doing my research i have no doubt that EVEDO its one of the best, if not the best project i had found in the space. So, i’m very glad to join this AMA. My question is: Which specific about technology and strategy of EVEDO that make you believe it will be successful and what does EVEDO plan do to attract more users in the upcoming time?
Стоян EVEDO: Thank you Harsha for the support and the great question! There are 3 main factors that makes us believe that our project will be able to change the industry in the next 10 years. First and most important for every startup is the great and experienced team and advisory board behind the project, also the great community of supporters that we are growing around the venture. Second is the market validation – the industry needs solutions like ours because nowadays most of the events are organized on old school way. The COVID 19 global situation showed to everybody that they need to innovate. Here we are coming with our concepts, products and knowledge. Third we are building a growing community of strategic partners that is valuable for us and helps us to build organically our client base.
Part 3 — Conclusionand Quiz Resuls
Стоян EVEDO: There are so many great questions! Thank you all for doing your research and asking these relevant questions! Really great experience and feedback for us that will definitely help us to be even better on what we do! Again thank you and would love to see all the people interested in our project also in our Telegram community https://t.me/evedoco
Irina Kravchuk | Satoshi Club: Thank you Stoyan Angelov. Thanks for your time and questions. Good luck and keep doing a great work.
Стоян EVEDO: Thank you again for the opportunity to share our project here! Your community is really AWESOME!
Ciprian Ciubotaru | Satoshi Club: The correct answers for quiz are:
When Evedo executed their IEO and token generation event? a) April 2019 ( correct )
How many events were executed through the Evedo Ticket Sales platform last 3 months c) 200 – 250 events ( correct )
What is the TOTAL and MAX supply of EVED token? b) 17 756 590 EVED ( correct )
How many performers are registered so far in the B2B platform of Evedo ( djs, singers, dancers, entertainers ) a) 540 ( correct )
For more information and future AMAs, join our Social Media channels: English Telegram group: https://t.me/Satoshi_club Russian Telegram group: https://t.me/satoshi_club_ru Spanish Telegram group: https://t.me/satoshi_club_spanish Telegram Channel: https://t.me/satoshi_club_channel Twitter: https://twitter.com/realsatoshiclub Website: https://esatoshi.club/
On June 8 one of the best AMAs took place in
our Satoshi Club group. Over the course of almost 2 hours, our
EOS Nation friends shared as much information with our
community as possible. Our guest was Yves La Rose -CEO-. It was a very pleasant
time, we met about one of the most recognized crypto projects of the moment.
In this AMA Recap we are trying to summarize some of the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS
Serg | Satoshi Club: Dear community, today we will have an AMA with
one of the best crypto projects: EOS – number 9 on CMC at the moment. @YvesLaRose is the CEO of EOS nation and will be our
guest today. Welcome!
Irina Kravchuk | SatoshiClub: Hi@YvesLaRose, nice to meet you.
Yves La Rose –
EOS Nation: Hi! Nice to meet
everyone here, thank you for the invitation.
Serg | Satoshi Club: We are glad to have you here 🙂 Please tell us
a bit about yourself 🙂
Yves La Rose – EOS Nation: I am Yves La Rose, co-founder and CEO of EOS
Nation. EOS Nation is a Block Producer on the EOS Mainnet, currently ranked 1st
globally.
EOS Nation was founded by seven self-funded
individuals located across North America. We consistently contribute time and
resources across the entire EOS ecosystem, while demonstrating our commitment
and technical ability by providing reliable infrastructure and spreading
worldwide awareness and education. We have been active since well before the
Mainnet launch and have grown a network of communities around the globe lead by
over 15 local EOS Nation Ambassadors, each linked together under the common
vision of spreading EOS adoption through education.
Myself, I began my journey into computers at a
very young age, building my first computer at 6 years old and programming my
first game at the age of 7. I has always had a deep ideological relationship
with computers and their role in decentralization and so I began my university
studies in software engineering, but quickly realized the human aspect was
where my heart resided. After completing studies in psychology and pure
sciences, I bridged the gap by focusing on perceptual and computational
neuropsychology.
On the crypto front, after starting to mine
Bitcoin in 2010, I eventually realized that Proof of Work would not be able to
provide me with the decentralization dream I was so fond of and so I forgot
about Bitcoin for a few years until I co-founded a crypto education group in
2016. And then in February 2018 I created EOS Nation!
Irina
Kravchuk | SatoshiClub: Why
do you say that? Because the mining is concentrated in a few big groups? Or
because of the technology behind BTC?
Yves
La Rose – EOS Nation: At
the time mining pools were not existing yet. So you have to position yourself
back when there was a shift from truly one person mining to mass pool mining
with the advent of the first mass produced miners. I could literally mine
thousands of BTC on my laptop.
Serg
| Satoshi Club: yes, we all
have this thought.
Yves
La Rose – EOS Nation: I
knew that my personal computer would no longer be able to have the same impact
as it did when I started. BTC was also not what it is today, different time,
different place. Easy to look back in retrospect. 😛
Irina
Kravchuk | SatoshiClub: Any
lost HDD?
Yves
La Rose – EOS Nation: One
broken and thrown out, yes.
Serg
| Satoshi Club: Indeed 🙂
We’ve collected almost 300 questions from the community through our website. We
selected 5 to be discussed. Are you ready to start?
Yves
La Rose – EOS Nation: Let’s
do this!
Q1 from Telegram user @iulya_i
DeFi is the trend in crypto nowadays
and I think that we can add gaming as well. Can you tell us what are the EOS
plans regarding DeFi?
Yves
La Rose – EOS Nation: The
foundational tools for DeFi are being built at an ever-increasing pace in order
to be there when the flood gates open. I expect to see a significant influx of
traditional money flow into the ecosystem in the coming months as people start
to realize the machine can’t go brrrrrr forever.
The trustless, transparent, and immutable
nature of blockchains combined with their capacities to be programmed to
trigger functionalities based on a set of pre-defined conditions are ideal for
DeFi. At the protocol level, this enhances security and reduces the cost of
doing business. EOS as a blockchain is well positioned to accommodate the DeFi
needs due to its massive performance capability.
We see that traditional financial services
requires a lot of throughput capability to be able to perform efficiently and
properly. Think back at the MAKER problem a month or so ago. If the blockchain
isn’t fast enough to react to big movements, it isn’t ready for prime-time. During
this same crash, EOS based DeFi products did extremely well under pressure as
they are capable of 0.5ms changes, reacting to the external changes instantly.
Irina
Kravchuk | SatoshiClub: Can
you tell us about some DeFi projects currently building their infrastructure on
top of EOS?
Yves
La Rose – EOS Nation: EOS
has an ever growing list of DeFi products, such as EOSDT, an
over-collateralized stable coin (like MAKER). Major differences are in the pace
at which the oracles are capable of adjusting to price movements, as well as
the underlying permission structures found natively on EOS.
Serg
| Satoshi Club: So, the
problem then was in the ETH blockchain? not because of the developers who
created that specific DeFi system?
Yves
La Rose – EOS Nation: Unfortunately,
ETH was created at a time where blockchain capabilities were limited in terms
of transaction per second. You also have GAS fees which truly impede any real
DeFi products. There is no way you can do arbitrage on chain with GAS fees. And
with throughput limitations of 18-20 tx/sec, you also see it’s not possible to
have mass adoption of DeFi.
EOS on average does 100-150M actions per 24
hr…. That’s roughly the same amount that BTC does in ONE FULL year!
Irina
Kravchuk | SatoshiClub: Yeah,
this is like dialup internet, in the old days.
Yves
La Rose – EOS Nation: Good
comparison! It’s not that dial-up was bad, it was amazing. But as time goes by
newer technology comes out. None of us would likely be here if it weren’t for
BTC and ETH – they are amazing projects.
At EOS Nation we also have a variety of DeFi
tools, such as xnation.io. A lot of the tools are foundational in
nature as we are still laying the groundworks for a full DeFi ecosystem.
Blockchain DeFi as a whole is still very much in its infancy stage, but IMO, is set to explode in 2020 and 2021. Hence ensuring all is ready for when it does. I would say DeFi is one of the, if not the, most important movements we will see in this space. https://eosdt.com/en
Decentralized stable currency on EOS
Q2 from Telegram user @ion_nenescu
I am a developer. I’ve created on
Ethereum but I am interested to do something on EOSIO. I usually develop games.
Can you tell me what requirements are there? What language is there? Is there
any guidance?
Yves
La Rose – EOS Nation: Recently
Block.one, the company that develops EOSIO, the
software powering EOS, awarded a $200,000 USD prize to one of our colleagues
for having developed an Ethereum virtual machine inside the EOSIO WASM virtual
machine! https://devpost.com/software/eosio-evm-2timop.
EOSIO is coded in C++, so there is no Solidity
type language to learn. But with this recent prize, you don’t even need to
learn anything new if you’ve already coded a project on Ethereum. As a
developer, you can write your code in Solidity, compile it and deploy it
directly on the eosio.evm contract.
Serg
| Satoshi Club: Can you tell
us more about the Ethereum virtual machine inside the EOSIO WASM virtual
machine?
Yves
La Rose – EOS Nation: One
of the use-cases for this is for developers that are looking to upgrade from
the Ethereum blockchain to overcome limitations with gas fees, block times and
other roadblocks. They can take their solidity code that they have spent
considerable time and money developing, and deploy it on EOS with no
modifications.
All developers can come and check this website
which has A TON of information on how to get started on EOSIO. https://developers.eos.io/.
Irina
Kravchuk | SatoshiClub: and
are people using this feature?
Yves
La Rose – EOS Nation: It
literally got released two weeks ago! A lot of our developers started off in
Ethereum, so it was important to have a transition piece to facilitate
movement.
ETH still has the lion’s share of products,
but unfortunately is built on a soft foundation that is limited in scalability.
This enables developers to continue working on their projects instead of
starting from scratch. Leveraging EOSIO is just the smart move once you
understand you aren’t limited anymore
Irina
Kravchuk | SatoshiClub: Thank
you. I’m sure all the developers that see this are tempted to try it.
Q3 from Telegram user @bitociok
Please update us regarding the EOS
adoption: how many apps are built on EOS? How many users are using those apps?
What is the number of active EOS wallets and what is the growth rate?
Yves
La Rose – EOS Nation: To
set the tone and give a good overview that really answers this question, I
invite you to check blockchain stats on Block’tivity. https://blocktivity.info/.
BY FAR you can see that EOS is capable of and
currently serving more activity than all other blockchains COMBINED! Having
launched in the “blockchain 3.0” era, EOS benefited from technology
that was capable of scaling to new never seen heights. This really was the
focus of the developer teams at Block.one.
For a mostly complete full list of dApps built on EOS, please check out DappRadar. https://dappradar.com/. Here you can see daily activity broken down by dApp, with all the additional informaiton you might be looking for. In terms of wallets, there are plenty (10+) depending on your preference (i.e. desktop VS mobile). I personally use Anchor built by our good friends at Greymass. https://greymass.com/en/blog/anchor-an-eosio-wallet-and-authenticator/
EOS on Anchor Wallet
Serg
| Satoshi Club: Crypto
Dynasty has the first place related to the number of users.
Yves
La Rose – EOS Nation: It’s
easy to use and has all the features you could want in one location.
Irina
Kravchuk | SatoshiClub: So
if CryptoKitties were to run on EOS, bottleneck wouldn’t be a problem?
Yves La Rose – EOS Nation: Lol, no. We run Cryptokitties several thousand times
over, daily.
In March we decided to see how far we could go
and we did 150M actions in one day on the LIVE chain – that’s as much as
Ethereum does in one year. We weren’t even at 50% capacity of the chain.
Apples to oranges obviously. But it shows how
far blockchain technology has come since ETH was launched in 2015. Think back
at when you got broadband internet for the first time, it was just night and
day or the first time you watched a Blu-Ray movie. You just can’t compare.
Q4 from Telegram user @clara_eriksen
Everyone is talking about adoption and
making cryptocurrencies as simple for a usual person as possible. We all know
about the recent story with JK Rowling 🙂 How would you explain EOS to a usual
person who is not familiar with Blockchain?
Yves
La Rose – EOS Nation: I
think this is one of the most important questions because this really is a
challenge that all blockchain projects face. It’s easy to go back and forth
between projects within the space and say why one is better at a particular proposition,
but in the end for this to really succeed we need adoption globally outside of
the developer and tech group. That means people like my mom! People who simply
want to play their games, use their application, and really have no need to
know what the tech stack in the back looks like. My mom has no idea how WiFi
works, what HTTPS is, and nor should she!
If we want this to reach people like JK
Rowlings we need to abstract away blockchain from it – essentially, we
shouldn’t even be focusing on what the products are running on. The product
should be the focus. The offering and the functionalities that blockchains
bring should remain hidden for the average user. My mom should likely never
have to touch her private keys, nor even know what a private key is. How often
does your mom ask you whether your website or application runs on HTTP, HTTPS
or HTTP2S? She doesn’t, because it’s not relevant to her. In EOS, due to the
inherent capabilities of the smart contracts and native permission sets, we’ve
been able to create products such as LiquidApps.
This product enables develops to abstract away
“blockchain” complexities from developers and users. So for example,
you can log in to a game and play a game without creating an EOS account,
without knowing you’re even using the EOS blockchain – but in the background
you are, and the funds are being settled on EOS. There are account recovery
mechanisms built within the application you are using, and leveraging things
like WebAuthn, you are able to have your private key literally at your
fingertips. So for the end user, the person simply uses an app like any other!
That’s what we need for my mom… nothing complicated, nothing that even
mentions blockchain – that is for the power users and the developers.
So to answer the question I would say
“For this to reach mass adoption we shouldn’t have to explain
blockchain”. And EOS will be the tech stack powering everything you use,
without you needing to know about it!
Q5 from Telegram user @tirrand
One of EOS strong points is its
scalability. But we know that there are other blockchain projects who developed
very scalable blockchains as well. What is EOS advantage compared to them?
Yves
La Rose – EOS Nation: Well,
to put it simply, it works and it’s live. We hear of many other projects,
claiming to be scalable and claiming to be able to accommodate a lot of
throughput, but that’s all theoretical and not live. EOS is here today, it’s
live, it works, it’s capable of massive throughput and is backed by the single
largest ICO in history. The amount of innovation and code that is coming out of
EOS is insane!
The EOS token is essentially your gateway into
EOS as it’s a representation of the resources available on the network. As
network resources become used the value of the token increases as the
representation is one of utility. We see more and more large enterprises choose
EOS as their blockchain of choice as they realize it’s the only project that
can actually accommodate projects of scale. We also see that the foundations
(i.e. the rails, the connectors) are becoming more and more meshed where the
ecosystem is like a giant building block of legos all interconnected to meet
the specific needs of the stakeholders.
Irina
Kravchuk | SatoshiClub: Can
you name a few large projects/ enterprises?
Going back to DeFi – this is the type of
progress we are seeing. Traditional financial institutions recognizing the need
for blockchain, and the need for EOS in the backend.
Talking
about Chinese National Blockchain Platform
Irina
Kravchuk | SatoshiClub: Do
you have a sales team that is trying to communicate the advantages to companies
like this?
Yves
La Rose – EOS Nation: As
EOS is truly decentralized, there is no “central authority” that
coordinates marketing (i.e Bitcoin foundation or Consensys). We are in the
mists of creating a similar Foundation, but one that is decentralized and ever
changing, leveraging the permission sets I keep referring to.
Just at EOS Nation we reach more than 200,000
subscribers weekly
Irina
Kravchuk | SatoshiClub: You
have a very diligent community it seems.
PART 2, TELEGRAM COMMUNITY LIVE
QUESTIONS
The chat was open for 2 minutes and a lot of
questions were posted by the Satoshi Club community. Our guest chose five of
them.
Q1 from Telegram User @Nickkiii
If voice gets millions of users and
when they make millions of transactions, will EOS be able handle the large
number of transactions?
Yves La Rose – EOS Nation: Yes, this is one of the reason why we have
been stress testing the network over the past few months. All the block
producers have investing a significant amount of capital into ensuring their
infrastructure is ready and capable of handling the requirements to run such a
huge application. As I mentioned earlier, EOS is now capable of handling over
250M daily actions if we were to have that need. This is without any additional
changes, and without even reaching out limits. Just think about that in
comparison to anything else that is currently on the market – it’s insane!
Q2 from Telegram User @Dreed_D
You are an established and well-known
company? So why you need to do AMA? We really curious to know that what is the
main purpose behind that?
Yves La Rose – EOS Nation: It’s important for me to reach out to the
community, taking the time to answer questions and engage. I find that AMAs are
a great way to keep grounded and know what EOS Nation should be focused on. The
bigger we get, the more important I think it is for us to keep this connection.
To give you an idea, I travelled over 150,000 KMs last year, and events like
these is something that I prioritize wherever I am around the globe. EOS Nation
in 2018 did over 135 meetups worldwide!
Q3 from Telegram User @Nuhollic
How was the Grants program created,
which you plan to finance future projects using EOSIO community members and the
protocol?
Yves La Rose – EOS Nation: Last week Block.one awarded 34 grants to
developers around the world, on top of the $200,000 prize to develop the EVM
for ETH, and the $100,000 hackathon prize pool which will be released to the
winner on June 12th.
Whats the difference between voting
and staking? I understand EOS holders can vote for 30 BPs. But when it comes to
staking the EOS tokens with a BP or another party to earn a profit share etc,
is that different from voting? how does that work?
Yves La Rose – EOS Nation: Yes, in EOS you secure the network by voting
for the block producers that you believe best represent your interests. EOS
Nation currently sits in 1st position globally thanks to all of our supporters
who recognize the work that we bring to the ecosystem. This system is the
Delegated Proof of Stake (DPoS) consensus mechanism which is the base of EOS.
Token holders are also capable of earning interest on their assets by staking
to a proxy pool, such as ours. https://proxy.eosnation.io/.
By staking to a pool you earn rewards while
securing the network. As this is done on the protocol level, your tokens are
never “sent” anywhere. The vote function is what is leveraged, so you
always retain ownership of your tokens, your keys, and the capability to move
and do anything you want with your token instantly.
Q5 from Telegram User @Rmitch
There we see many projects that claims
they are fully Decentralized. But they done their work in a Centralized way.
How can we sure that EOS is fully Decentralized? Can you please tell us what’s
EOS working method?
Yves La Rose – EOS Nation: That’s a good question. Decentralization isn’t
an all or nothing thing – it’s very much a spectrum is ever changing, never
static.
In EOS we leverage the DPoS consensus
mechanism that I mentioned above. The more token you have, the larger you say
in the network and who gets to secure the network. This is very much based on
the “skin in the game” principle. As anyone can change their vote any
any time, and as often as they wish, we see that the network validators change
and adapt to the wish of the token holders, increasing the security of the
network and remaining ever decentralized. If we go back over time in EOS, we
can see that the Block Producers have changed over and over multiple times as
the token holders determine who is best, and what is most important to them as
the network grows and the external variables change as well.
EOS Nation currently sits in 1st position, but
this was not always the case, and will likely not be the case eternally either.
The incentive mechanism in EOS ensure that the token holders always stay in
control and that the alignment of those securing the network, and those with
stake in the network, always move in the same direction. It’s evergreen.
Each block producer is independent and cannot
control the network. Any modification to be made to EOS requires at least 15
hour of the top 21 block producers to agree on the change and approve the
change on the chain. We have seen many changes proposed and approved, as well
as many proposed and rejected. And each time we have seen token holders in
control as they shift their votes should the network not be heading in the
direction the deem best. This middle ground is where EOS believes it’s found a
workable space within the decentralization spectrum. It enables EOS to be fast
and adaptable, while remaining secure and performant.
I invite you all to earn dividends on your
tokens if you aren’t already doing so. This helps you beat inflation passively
– it’s a no-brainer. I invite everyone to join us in our EOS Nation telegram
group to continue this discussion – we will gladly answer any questions you may
have. https://t.me/EOSNation.
I want to thank the organizers for inviting me
@sspurss@iri_kravchuk – I had a lot of fun and can see that you
have a really engaged community!
Irina Kravchuk | SatoshiClub: Thanks @YvesLaRose for your time and answers.
Serg | Satoshi Club: Thank you for being here with us today 🙂 It
was our pleasure.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi Club Team asked the chat 4
questions about EOS. A link to a Quiz form were sent into the chat.
Participants had 10 minutes to answer.
20 users with correct answers were rewarded.
For more information
and future AMAs, join our Social Media channels:
May was an incredible month in the crypto field. The long-awaited halvening of Bitcoin succesfully took place. On the contrary, SatoshiClub has doubled its activity and today we would like to tell you what this month will be memorable for SatoshiClub and its community.
1. In May, the Satoshi Club team organized and conducted 12 AMA sessions with their friends and partners from various crypto projects.
Here is a complete list of all AMA’s we’ve had:
Tron Foundation and Satoshi Club AMA
session on the 6th of May. This
time, admins managed themselves to bring one of the most important ambassadors
when referring to crypto, TRX’s CEO, Justin Sun. This AMA had prizes with a
value of $150.
FinNexus and Satoshi Club AMA session on the 8th of May. Our guests were Boris
Yang (Founder and CEO) and Ryan Tian (CoFounder and Financial Specialist). The total reward pool was 250 USD.
CoinZoom and Satoshi Club AMA session on the 13th of May. Our guest was Ben Crosland –
Cofounder and head of business development. The total reward pool was 200 USD.
KuCoin and Satoshi Club AMA session on the 14th of May. Our guest was the CEO and Co-Founder
of Kucoin — Johnny Lyu . Total reward pool was $200 in KCS.
Rapids and Satoshi Club AMA session on the 17th of May. Our guests were Corey Strong (Founder
& Project manager of the Rapids Network), Matt Cimelli (Community Outreach
Manager) and Jason Berlin (Executive Advisor). The total
reward pool was $150 in RPD.
FessChain and Satoshi Club AMA session
on the 19th of May. Our guests were @ProFESSor and @dptripathi, CMO and
Founder/CEO of Fesschain respectively. The total reward pool was $250.
10. Blockstack
and Satoshi Club AMA session on the 26th of May. We were
visited by our friends of the Blockstack PBC team – Xan Ditkoff (Partner,
Growth&Application Production) and Louise Ivan (Community Partner). The
total reward pool was $200.
12. KAVA and Satoshi Club AMA session on
the 29th of May. Our guest
was Aaron Choi (VP of Global Business Development at Kava). The reward pool was
$200.
2. We also successfully conducted 4 Quizes (79-82).
3. And, as usual, we awarded the most active members of the English, Russian and Spanish communities with prizes.
Other Updates
1. We added Current Activities Calendar to Satoshi Club website https://esatoshi.club/current-activities/
, also, for your convenience – you can convert the time of AMA to your local,
just by following the link in our announcement.
2. Now you can ask all your questions for the future AMA in the comments below the announcement. In the first part of each AMA we always have questions collected from the community on our platform.
3. In May we have a new, improved poster design.
And a few words in the end. Our community and its opinion have always been, are and will be our priority. We are always listening to your feedback, improve and learn with you. So, let’s make Satoshi Club better together – participate in our activities, ask questions, express your opinion and remember ‘It’s not too late to be among the first’.
We are not going to stop and if we don’t know if this summer will be hot outside, but we can say with confidence that Satoshi Club’ll be hot this summer!
