AMA Satoshi Club x Velas, August 14th

We are pleased to announce our next AMA on August 14th 2020 at 02:00 PM UTC Time: Satoshi Club x Velas

⚠️Click to see the hour
⚠️Total Reward pool: 500$

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Velas Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from Bitcointalk thread.

Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Velas Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Velas

For more details:
Velas – @velascommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Posted in Uncategorized

138 thoughts on “AMA Satoshi Club x Velas, August 14th

  1. How did you choose/end up with a name “VELAS”? Where did the idea of the name came from for the coin and why that logo, any particular significance?

  2. I am a cryptocurrency enthusiast and did not know the project called sails. Can you explain more about the differential of the wallet? For example, can I make an atomic exchange between currencies and tokens from other blockchains?

  3. Blockchain technology faces challenges associated with centralization, 51% attacks, scalability, What contributions has $VELAS Blockchain made to fix it ?

  4. Many small users complain about the high gas rates for erc20 transfer. Within the project, what technology is being developed in the wallet to solve this?

  5. Today, most wallets allow you to enter the contract for any erc20 token, but the same does not happen with the bep2 (binance), trc20 (tron) and waves blockchain. Does the project intend to insert this and differentiate itself from the others?

  6. What are the advantages that AI brings for Velas as well as its loyal users? Can help in anticipating and preventing unpredictable situations? And how are you implementing AI to delegated proof of stake?

  7. As far as I understand, Mobile Wallet is currently under development. What are the expected release dates?

  8. Why did you decide to use your own blockchain to implement the project, and not one of the existing ones?

  9. We saw the latest 51% attack on ETC Network. How will Velas prevent such unfortunate security breach on its blockchain?

  10. Velas use AI-Operated DPOS (AIDPOS) consensus for blockchain network. What make AIDPOS be the Velas choice? What is the advantages of AIDPOS compared with other consensus?

  11. According to your Roadmap, Velas is in the Release stage now. how far has this stage gone? And after release, can Velas upgrade the system if there is a flaw?

  12. We have some problem with Ethereum Network. Everyone can pass the security and make a coin on it easily, and some scalability issues. How about Velas Network security and scalability? What make Velas Network more better?

  13. Why is the source not available for review? How can you expect people to participate in a closed source network?

  14. why the vlx stake program is so important what benefits it brings to the ecosystem and how users benefit

  15. Where are the velas going in the medium and long term, with the quarantine of this year 2020, they think that the process has become a bit difficult or on the contrary it has grown much more as a team giving better ideas since they have more time to think?

  16. Regarding the desktop version, I would like to know what security mechanism you have to enable protection against online attacks, including phishing, IP spoofing and XSS?

  17. In April you posted a post on your website about the possibility that decentralized systems can save the world from the global pandemic, so I want to know how much VELAS has achieved so far to help the world economy?

  18. What is Vortex? How does it work and how beneficial is it for VELAS and its users? Also, what are the problems that Vortex claims to solve in the ecosystem? Thank you!

  19. What is your long-term vision about the industry which Velas project is working at? Cryptocurrency industry is always thriving, what plans do you have to keep up with technology trends?

  20. What role do you think Velas plays in increasing the adaptability of the blockchain on the global stage? How Velas solves Interoperability problem & with which blockchains, Velas is interoperatable?

  21. Velas network uses the AI enhanced DPOS which has no difference compared fo the other blockchain project. Please tell me how how Velas ai enhanced DPOS will over power the other blockchain projects and what made it unique?

  22. Kindly explain more about Velas multi-currency wallet, how secure is it, does it support Swap, Stake and does it have a Fiat gateway for me to buy crypto directly

  23. Explain more about Velas staking, the minimum and maximum requirement and APR as well as who are NODE STAKERS

  24. Q1: Partnership and community are the keys to the success of projects, can you tell me how Velas will expand the partnership?

    Q2: What are the major milestones you have achieved so far?

    Q3: What do you think about the current situation, and has this pandemic affected the roadmap for developing Velas?

  25. What is your long-term vision about the industry which velas is working at? Are you afraid some day there will be another project with more innovative technology can replace velas blockchain?

  26. DeFi is one of the hottest topic in the blockchain world right now. Can you share your opinions on DeFi with us? Do you think that DeFi will disrupt the existing financial system? What is VLX approach towards the DeFi sector?

  27. There are already Many Great & Scalable Blockchains are available in Market,
    So Why any Developers should Build their smart contracts & DApps on VELAS Blockchain?
    Which unique features are Offered by Velas Blockchain to Developers?

  28. Does #VLX face any difficulties in operation during the Covid pandemic? How difficult was the team to overcome? And what achievements has #VLX made?

  29. Why you made the swap from coinpayments coin to VLX? Was it just a rebranding or it brought new functionalities as well?

  30. • To stake, is it only possible when making the delegation to the existing nodes? Is it possible to run my own node?

  31. • What are the differences between the Desktop Wallet and the Web Wallet? Can I have both at the same time or do they manage different networks?

  32. • What does Velas have to contribute to the hottest topic “DeFi”? Do you plan to create a liquidity pool as in a large number of projects today?

  33. Most of the projects suffering scalability, high security, and interoperability issues now how
    AI-powered Delegated Proof-of-Stake (#AIDPOS) is going to provide solutions ?

  34. Could you briefly describe VELAS current and Future community growth strategies as we all know that community is an integral part of any successful project?

  35. A 51% attack and a nothing-at-stake problem are harmful issues with different characteristics. Does your AIDPOS algorithm provide a universal solution to both of them? Or does it handle either of them specifically through a different mechanism?

  36. The launch of your fully operational system is scheduled for Q4 2020, so… is everything on track? What are the main challenges ahead to achieve this goal?

  37. Why have you chosen the AI Enhanced DPOS over other consensus, what advantages does this give for scaling, security and interoperability?

  38. Security is really important and valued by users these days. Would you mention VELAS security measures? How is VELAS protected against being hacked, and in case it does, is there insurance for users?

  39. Velas have 2 new Hardware wallets integrations in progress can we know Which are these hardwallet? And how this Will contribute to the project expansion?

  40. Which Programing Languages are allowed to use in Velas Plataform? And how much User-friendly is Velas with little developers or non-Crypto users?

  41. What are ways by which #VELAS network generates profit/revenue to maintain project. What is your revenue model?How it can be win win situation for both investors and project?

  42. Why did you decide tomigrate all VLX pre-alpha tokens to a new and improved Alpha token? What was the reason behind that?

  43. Could you give us an overview of your TOKENOMICS OF #VELAS ?
    Is the token designed to rise and fall with the success of the platform, and does it include any scarcity paths such as stake, store, or burn?

  44. How can Community participate in Velas project?As a miner? Validator?Please explain.
    Also what is the important an community for Velas project?

  45. Why do people have to buy VLX, or hold it back?
    What is the Velas team’s plan to keep competing in the future?

  46. Would you explain us how AIDPoS disminish centralization? And which other characteristics make it better than the traditional PoS?

  47. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and investors to $VLX and keep them long term?

  48. In the long run, why should we trust and follow velas? How do you raise awareness and elimination of the doubts of investors / partners / customers?

  49. From the time VLX project was conceptualised to current date, Have you faced unexpected challenges wheather be an organization or environmental? If yes, what are the steps taken to deal with the situation?

  50. Which market are you targeting for 2020? What strategies do you have to attract users, and keep them stay with your platform for longterm?

  51. Community support is by far one of the biggest factors for the success of a project. What has the team #VELAS has planned on increasing the user experience?

  52. I’m a newbie in crypto and blockchain so how will Velas team target and educate people who don’t know about blockchain and crypto?

  53. Is your aim, to become the number one (leader) in the Platform DPoS Blockchain ? and if so what will you say is your biggest strength to achieve it?

  54. In the long run, why should we trust and follow velas? How do you raise awareness and elimination of the doubts of investors / partners / customers?

  55. What does Velas mean? Does that word have any origin? Why did you choose such an interesting name for the project?

  56. What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally? What are the services you offer to the community?

  57. Due to the Nature of your work, You may find friends or enemies, with listings, AMAs, etc. now,
    How do you Deal with This?
    How do you Manage Developments thru constant Pressure?

  58. Is AI can completely remove humans from blockchain? and what is the difference between Artificial Intelligence and Artificial intuition? and How long should we wait until we can then say that @VelasBlockchain AI has learned enough?

  59. DeFi is one of the trendy subject matter in the blockchain space. Can you share your opinions and insights on DeFi with us. Do you think that DeFi will disrupt the existing financial system? What is @VelasBlockchain approach towards the DeFi sector?

  60. Velas network uses the AI enhanced DPOS which has no difference compared fo the other blockchain project. But my question is, how velas ai-enhanced DPOS will over power the other blockchain projects and what made it unique?

  61. There are a lot of cool things about Velas. What technology did VLX break through? What is its core? Did you encounter any difficulties during the breakthrough?

  62. New collaborations & partnerships are very important for the growth & development of any project, What noteworthy partnerships have you secured ?

  63. As Velas Protocol continues gaining more use and popularity. What steps are you planning to take in order to keep and improve the scalability and performance of the platform and payments?

  64. If the number of users spikes in the future, will the Velas blockchain platform meet the stability, fast speed, and cheap fees?

  65. Many blockchain projects are on paper only and there’s no practical meaning for any product or product. Please let us know what is the practical product currently in use at VELAS? Which are the plans in the future to make the product better?

  66. Artificial Intuition is the technology that is based on Velas , Is there any relation to “Artificial Intelligence”on the VELAS project? If yes please explain how the Artificial intelligence will take on Velas project?

  67. Considering the maximum expansion of the VLX project worldwide as mentioned, how do you plan to decentralize future services such as Velasphere, Vortex and avoid sanctions regarding copyright. Will it carry responsibilities to users, will this be based on quality or quantity?

  68. What is your long-term vision about the industry which #VLX project is working at? Cryptocurrency industry is always thriving, what plans do you have to keep up with technology trends?

  69. Staking & Mining is very popular today as incentives, so do #VELAS support any and what are the requirements? Does it need to run a separate node to participate in Staking? For people without technical expertise, how do they get involved in Staking?

  70. It is known that the AI(artificial intelligence) of Velas optimizes the network through “80/20 consensus”. Please explain in detail what the “80/20 consensus” is?

  71. About Velas hardware wallet to be launched this year: How will be the process of selling and shipping, in which countries will we be able to adcquire it?What are it security strategies, and why is it better than a cold store wallet?

  72. Velas is part of the Top 100 of Coinmarketcap, which is a huge achievement considering the massive amount of tokens existent. What criteria was used, what made VLX one of the 100 best?

  73. Security is really important and valued by users these days. Would you mention VELAS security measures? How is VELAS protected against being hacked, and in case it does, is there insurance for users?

  74. Which Programing Languages are allowed to use in Velas Plataform? And how much User-friendly is Velas with little developers or non-Crypto users?

  75. What is AI DPOS Consensus algorithms of Velas project? What’s the difference & Similarities between Normal PoS / DPoS or any other consensus algorithms?

  76. • There are many decentralized wallets on the market, for example a great competitor is TrustWallet. How does Velas Wallet plan to position itself among the best wallets on the market?

  77. In Q4 2020 VELAS will release a hardware wallet. Can you share with us some benefits about hardware wallets over the software wallets?

  78. I think AI is the most important keyword in the Velas project.
    AI generally means artificial intelligence, but I know that AI in Velas means Artificial
    intuition.
    Please explain this in more detail.

  79. Velas network uses the AI-enhanced DPOS which has no difference compared fo the other blockchain project. But my question is, how velas ai-enhanced DPOS will overpower the other blockchain projects and what made it unique?

  80. There are many decentralized wallets on the market, for example, a great competitor is TrustWallet. How does Velas Wallet plan to position itself among the best wallets on the market?

  81. I came to know that “Velas” means Candles in Spanish? What is the story behind the name? Is it related to the trading Japanese Candles?

  82. Does Velas have international partners, contracts? In which countries and how can this benefit the development of Velas?

  83. Is that AI can completely remove humans from blockchain? and what is the difference between Artificial Intelligence and Artificial intuition? and How long should we wait until we can then say that #VELAS AI has learned enough?

  84. What are the advantages that Artificial Intuition brings for Velas as well as its loyal users? The topic of chipization is now very popular, could you tell us a little about the new GoChip project in which you are participating.

  85. I understood that the AI framework upon Velas platform would motivate (by giving rewards back) for the network(node) participants to participate in the network actively.
    How could you deal with the abuse that may occur at this time? (Because the reward is maximized, intelligent abusing will also increase)

  86. What is the main objective in building a project like Velas? Do you have any inspiration while you are in the planning process of the project?

  87. Currently attracting real users and mass adoption is a problem for Blockchain projects. how will Velas solve this problem?

  88. DeFi, or Decentralized Finance, has become a hot topic in the industry. On that front, I’ve seen Velas Network detailing DeFi use cases on the website. What would you say is the most promising DeFi application for Velas Network at the moment?

  89. We have seen a lot of breakthroughs in the crypto industry. What real life changes does Velas bring to the market? Why will it be important?

  90. Velas uses a Roll-DPoS consensus mechanism-a variant of Delegated Proof of Stake (DPoS). How effective is this new mechanism? Do errors often occur during operation?

  91. Could you explain how best velas wallet security system works ?
    Is this one of velas wallet special characteristics?

  92. Data error could happen almost in every platform, is there any lossing money/fund cause by accidently error, is there any user fund insurance by velas Wallet?

  93. Database is an important Element for a project.
    Also lead to security system, my question is velas system database is decentralized or centralized?

  94. In the future, do you think Velas will become the largest cryptocurrency exchange in the world? And if so, what would make you outperform your competitors in this market?

  95. Moving forward with your roadmap, what is your main priority? Does the Velas team have enough funding to achieve this milestones?

  96. In the long run, why should we trust and follow Velas? How is awareness raised and doubts removed from investors / partners / customers?

  97. How will Velasphere and Vortex be integrated with the Velas blockchain. How will all this system work in the core.

  98. Your products seem to be amazing, specially because you give solutions to actual problems in the cryptospace and real life cases. So what’s your strategy to get the public to know about what you are doing here.

  99. You are one of the first in leading technologies, you are one of the first in Bitcoin in 2011, first in supplying new gpu mining industry, then first altcoin payment processor in the world in 2013 -coinpayments-, now first artificial intuition blockchain in the world, How did you come up with the unique concept of implementing AI in the Velas ecosystem?

  100. We have some problem with Ethereum Network. Everyone can pass the security and make a coin on it easily, and some scalability issues. How about Velas Network security and scalability? What make Velas Network more better?

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