We are pleased to announce our next AMA on September 4th 2020 at 02:00 PM UTC Time: Satoshi Club x Sperax
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sperax Telegram group
We will have the following structure:
Part 1: 100$ /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
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Sperax Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Sperax
For more details:
Sperax – @sperax
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
You plan to use your own blockchain to implement the project. In addition to low bandwidth and high fees (Ethereum in particular), what disadvantages do you see in existing blockchains?
How many developers are currently working on the project?
What are projects you are mainly planning attract crypto currency investors like me to your project especially for upcoming 6 months?
As a blockchain project, how will you handle government regulations and restrictions? Or does it not affect SPERAX?
Why creating two different tokens in a single ecosystem and what’s the difference between SPA and sCOIN?
Can you tell what are the challenges of existing PoS based Blockchain?
Sperax aims to make decentralized financial services accessible to all global citizens. That includes people who have no idea about crypto nor blockchain, how easy would be for them to use Sperax?
We often hear that some cryptocurrency platforms experience data theft and abuse by hackers, talking about the quality of the SPERAX security. How confident SPERAX to solve this issue?
Security, Liquidation and Slashing risks are associated with Defi protocols.What are SPERAX countermeasures to deals with such risks? What are SPERAX Risk to Reward ratio, compared to other DeFi protocol platform?
Do you have any plans to attract non-crypto investors to $SPERAX? Because it is the success of a project to get more investors who are still not in the crypto world specially as a new project entering to crypto. What are the plans to increase awareness about SPERAX around in non-crypto space? And which region is in your mind?
Many blockchain projects often build on their own chain and attract users, so why should people choose Avalanche be their platform??
Many projects lie or do some really dumb tricks to report for high TPS, so what are your target for TPS that Avalanche expect?
What is the position of Sperax in terms of Staking? It’s a viable option? Or you Will adopt other methods?
Sperax ecosystem issues two tokens which are SPA and sCOIN. Why creating two different tokens in a single ecosystem and what’s the difference between the two??
DeFI got atTention in Crypto now. How do you see Defi potential for Sperax right now!? What role do you think Sperax will takes to makes defi better in global usage!?
What is the position of Sperax in terms of Staking? It’s a viable option? Or you Will adopt other methods?
What is the position of Sperax in terms of Staking? It’s a viable option? Or you Will adopt other methods?
What are the advantages of Sperax to other alternatives in the Blockchain field?
How does Sperax provide security of the data?
How will Sperax plan to dominate DeFi market?
What are the major milestones Sperax achieved so far & what are in future pipeline?
How does Sperax solved the scaling problem And how did it overcome the threat of centralization in its?
We often hear that some Defi platforms has been hacked, talking about the quality of the Defi platform’s security. How confident Sperax to ensure the safety of financial system platform?
“cooperate with SperaxBDLS protocol” how does this work without subjecting to frequent malicious attacks?
If the investors still suffer from malicious attacks, what insurance do you have for the investors?
What are the major milestones Sperax achieved so far & what are in future pipeline?
You recently announced an integration with Chainlink. What benefits does this integration offer developers?
How can we participate in Sperax network and become a nodes and validator of SPA. What is the requirements for equipment? What benefits we can get from Sperax network?
The Sperax Foundation developed a native multi-currency stablecoin, wich is the first of its kind in the public blockchain ecosystem. How can one asset be stable to multiple currencies, is that the meaning of multi-currency stablecoin?
Sperax claims “decentralization” but that word can be relative (e.g. an entity can split into nodes they still control & claim that). Can you offer a provably verifiable proof that Sperax is decentralised, trustless & with no dominant party in control?
Sperax using BDLS consensus protocol. How it is diffrent from other consensus? What is the most special Feature of this protocol?
I know that Sperax is a project famous for its own technology, but I would like to know why you choose to use the ChainLink? Is there a special reason why you chose ChainLink as the Oracle network of Sperax?
The Sperax roadmap ended in May 2020. What was Sperax achieve during the next months? What can we see in the coming months?
What is the most ambitious goal of the Sperax ? I would appreciate it if you could share with us any upcoming updates? What should the community look for?
If external hack attacks come to your chain system, can it damage your system? Or can it change your data? How often are security audits checked Sperax Team?
Sperax token holders have the right to governance by contributing to the design & upgrade of the ecosystem. How many tokens do I have to hold to participate in the decisions, and what is the structure of this, wpuld this system be corrupted if someone holds +50% of the tokens?
What is the RANDAO random process and how does it help to improve security in the ecosystem?
If you are part of the developer team, what rewards program do you have and what tools are essential?
• What are the advantages of the Sperax and Chainlink alliance? How will the issue of oracles be handled in the Sperax smart contract decisions? Will it be possible to modify the already established code?
• What are the key points of Sperax BDLS consensus? How does it differ from other existing protocols?
• How do you plan to grow a participatory community within Sperax? Do you think that the community is a fundamental point for the project or are you more focused on the big investors?
Can you explain the idea of sCoin being a multi-currency stablecoin how is this stablecoin issued and pegged to a currency and what is it’s stability guarantee and liquidation mechanism
Can you explain the unique features of the Sperax Virtual Machine(SVM) and why this will be a better option over other Virtual machines in this space
Can you tell us how successful your public sale was and what progress Sperax has made so far after your last AMA in the satoshi club on 13th August 2020
Sperax aims to make decentralized financial services accessible to all global citizens. That includes people who have no idea about crypto nor blockchain, how easy would be for them to use Sperax?
We often hear that some Defi platforms has been hacked, talking about the quality of the Defi platform’s security. How confident Sperax to ensure the safety of financial system platform?
How does Sperax compete with other popular platforms? What killer features does Sperax have in front of the opponent?
For all SPERAX is offering, it is built on ETH blockchain which is annoyingly slow and cannot scale, why have you chosen the ETH blockchain over other Comparatively faster and Scalable chains and do you have plans for mainnet to Migrate your own Chain
Is the BDLS consensus protocol more secure than other BFT-based consensus protocols, such as Cosmos Tendermint, Polkadot Grandpa, and Ethereum Casper?
Sperax builds trusted infrastructure for decentralized economy, now I already build with ETH solidity and Cosmos SDK, Why should I switch to Sperax, what’s your competitive advantage for Developers?
Many DeFi projects will die just like many 2017 ICO projects. How will you ensure Sperax remains relevant 5 years from now? What core attributes do you have to ensure this?
We all talk about Positive points/Pros/Good Points & Features of any Project, no one Project tell about there Cons. So can you tell us Honestly the Cons & Lacks of Sperax? And what’s your plan to solve them?
Sperax token holders have the right to governance by contributing to the design & upgrade of the ecosystem. How many tokens do I have to hold to participate in the decisions? what is the structure of this, wpuld this system be corrupted if someone holds +50% of the tokens?
How can Sperax combine a high performance without compromising security? What mechanism do you use to keep users safe?
What’s the purpose behind a DUAL TOKEN system of SPA and SCOIN, can you explain their utilities and diffences and can I swap between Spa and SCOIN?
What is your long-term vision about the industry which Sperax is working at? Are you afraid someday there will be another project with more innovative technology can replace Sperax?
What are the features of the token economics model of SPA that would make it a good asset to hold along time?
In addition to Sperax being the first decentralized system with a native stablecoin. What other innovative features does Sperax offer?
What differentiates sCOIN of any other stablecoin on the market? is its value publicly audited?
Why creating two different tokens in a single ecosystem and what’s the difference between SPA and sCOIN?
DeFi is now a good form of transaction because it is not regulated by any organization or government. So I want to ask if the Sperax ecosystem can create some additional advantages for defi?
Sperax plans to issue sCOIN – a stablecoin. Can you state clearly what features make sCOIN better than existing stablecoins such as USDT? Why did you have to build the Sperax BDLS consensus protocol rather than adopting established ones?
As your project is focusing on DeFi, what problems are in DeFi that you want to solve? What real new solutions and innovations are you bringing to us? And is there a special reason why you chose ChainLink as the oracle network of Sperax?
Security is top priority. 51% attacks happen frequently and even to the most known blockchains. So with the advantages of Sperax BDLS consensus protocol, how do you solve this problem? How does it outperform other protocols?
How was the jump to the Testnet? Are they satisfied with the work accomplished? What are your next steps now?
What is Sperax’s long-term development plan? How do you make users believe that Sperax is a long-term high-quality project?
Sperax claims “decentralization” but that word can be relative (e.g. an entity can split into nodes they still control & claim that). Can you offer a provably verifiable proof that Sperax is decentralised, trustless & with no dominant party in control?
Sperax developed BDLS protocol – a new generation of BFT consensus protocol, so what are the major advantages of BDLS protocol compare to other consensus protocols about “security” and “efficiency”?
Sperax platform is safe for user ? especially at the present time hacking problem or DDos attack these problems are going to be heard a little more. how does Sperax deal with these problems?
Sperax ecosystem issues two tokens which are SPA and sCOIN. Why creating two different tokens in a single ecosystem and what’s the difference between the two?
What is your strategy for building a strong community? Do you agree that the power of the community will lead your project to develop globally? What services do you provide to the community?
Sperax Makes DeFi Services Accessible to All Global Citizens. This sounds interesting and amazing, could you tell us the methodology Sperax adopts in making this actually possible in reality?
Can you explain a bit about BDLS consensus & Why BDLS is better than other consensus algorithms?
High Performance, Security, Decentralised Governance, Embedded Financial Services this four are Sperax main Features.
Currently, there are many strong blockchain project are available on market those are offering same features.
My question is,
What makes Sperax a more competitive one than other similar project?
Why is a partially synchronous network model and BDLS consensus protocol the best solution for creating new DEFI projects?
How does Sperax plan to remove existing barriers to user interaction with the decentralized economy? How to close the gap between cryptocurrency and real users?
What makes the financial layer in the Sperax blockchain system unique for DeFi developers and projects?
How is sCOIN stablecoin different from USDT? What are the benefits of implementing an embedded stablecoin for regular users?
Everyone is interested in scalability and security, but I want to ask about the effectiveness or complexity of communication in the BDLS consensus, can you share the indicators of communication complexity in BDLS?
How is Sperax BDLS superior to consensus protocols like HotStuff? Tendermint? PBFT? How does BDLS address security and 51% attacks?
Which Sperax developments, in your opinion, will be the most attractive for large companies and organizations?
What existing DEFI problems can Sperax solve? What is the scientific evidence for the Sperax protocol to work?
The investor often does not think about technology, but thinks about the return on investment and the value of the token. How do you compare the development of the project and its technology and the value of the SPA coin?
When will the SPA coin staking program be launched? Can you tell us about the motives and benefits for investors looking to hold SPA in the long term?
The DEFI industry faces the same challenges as most projects: ease of use, scalability, interoperability, and transaction costs. How will the Sperax project solve these problems with the synchronous network model and BDLS consensus protocol?
The crypto space, and even more so the DEFI industry, is very young and changing rapidly. My question is: how flexible are Sperax’s tools and design to adapt to changes in the crypto space?
How does Sperax assess the risks associated with market uncertainty and volatility? Is there a market risk hedging mechanism to ensure user safety?
Can Sperax meet all the features and needs of modern DEFI? Can it provide high speed and security? Are there enough resources to build a sustainable innovation ecosystem?
What is the structure of the Sperax company? Is this an open source decentralized blockchain that anyone can contribute to? If so, how is the management planned?
How is Sperax developing? Can you describe in detail your current development efforts, plans for market expansion, expected applications and when will they become commercially available?
You have hosted an AMA here before and as a tradition, we in Satoshi club always receive a major Update or information in every AMA, so what major updates have you made since the last AMA
Sperax designed its original consensus module BDLS consensus protocol, what factors were considered for selecting this consensus and how is this better than TENDERMINT
Sperax builds trusted infrastructure for decentralized economy, now I already build with ETH solidity and Cosmos SDK, Why should I switch to Sperax, what’s your competitive advantage for Developers
Can you explain more about the BDLS consensus protocol? What is the mechanism of this Protocol in Sperax? How does it works and what contribute it gives to make the Sperax ecosystem better?
If I am a Sperax holder, what benefit can I get in holding for a long term period of time? What contribution can I share in your ecosystem?How to be part in your growing community?
Can you describe the integration of Sperax to Chainlink Oracle? Why choosing Chainlink Oracle? What benefits that you can get to each other?
What is the formulation of payment system of Sperax?What kind of gateways and merchants that accept sCoin as payments?Can you site an example.Thank you!
Before that you have to pay a lot of costs for creating projects, then advertising, implementing AMA. So what is the benefit? Can you tell me why don’t you name your project like other projects?
Projects that want to develop strongly and in the long term need to converge 3 positive elements: experienced team, community background, long-term investors. So did you have the above factors or not? What do you need to do to build a comprehensive development project?
In order to provide decentralized financial services accessible to all global citizens, what must you do for the Sperax BDLS consensus protocol to ensure the highest security and performance with blockchain design its?
Why does Sperax ecosystem issues two tokens $sCoin and $SPA ? Which is the main native token of #Sperax ? As I know , Sperax is the first decentralised system with a native stablecoin. So what is the main function of $sCoin ?
Currently, the cryptocurrency market has a lot of Stablecoins like USDT, DAI … so why does the Sperax project need to create Stablecoins, it will benefit the Sperax ecosystem?
As I know, Sperax token holders have the right to governance by contributing to the design & upgrade of the ecosystem. How many tokens do I have to hold to participate in the decisions, and what is the structure of this, wpuld this system be corrupted if someone holds +50% of the tokens?
Sperax token holders have the right to governance by contributing to the design & upgrade of the ecosystem. How many tokens do I have to hold to participate in the decisions? what is the structure of this, wpuld this system be corrupted if someone holds +50% of the tokens?
Sperax aims to make decentralized financial services accessible to all. Including people who have no idea about crypto nor blockchain, wuat are your strategies to reach non crypto usershow will they know of Sperax, and how easy would be for them to use it?
The Sperax Foundation developed a native multi-currency stablecoin, How can one asset be stable to multiple currencies, is that the meaning of multi-currency stablecoin and its main purpose?
Sperax BDLS consensus protocol ensures the highest-level security AND performance. Putting together these 2 features has always been a hard task for DeFi, so how is this affordable for Sperax, users have issues such as high fees or lack of privacy using the network?
What differentiates sCOIN of any other stablecoin? is its value publicly audited, how can users trust in its stability?
SperaxBFT requires only four steps of calculations to reach consensus, much less than other PoS protocols do. Does it affect the security of the consensus in any way? How can Sperax feel safe from any malicious attack, what would Sperax be susceptible of?
How can Sperax token holders contribute to the design and improvement of the ecosystem?
What are the use cases of SPA and sCOIN as different tokens, what would be the benefits of holding each?
What are the features of the token economics model of SPA that would make it a good asset to hold along time?
Why does Sperax ecosystem issues two tokens $sCoin and $SPA ? Which is the main native token of #Sperax ?
As I know , Sperax is the first decentralised system with a native stablecoin. So what is the main function of $sCoin ?
How can sCOIN rival DAI, especially in terms of usability, acceptance and interoperability?
The “oracles” that ChainLink uses currently exist. But they are centralized, completely different from the decentralized nature of the cryptocurrency industry and blockchain technology. Is this a hindrance to Sperax?
Southeast Asia is a very dynamic market and most of the projects are competing campaigns here to attract users and grow, What do you think about the market in Asia and what are you doing to get Asian traders to join your project
It is very easy to make tokens but very difficult to make these tokens valuable? So what is your strategy for making Sperax tokens more valuable and what are your plans to maintain the token price and supply?
Many projects have died because of the bear market and COVID-19.
How will you survive this?
Why is Sperax integrating Chainlink Oracles? What advantage does it bring to Sperax?
Everyone talks about PoW and PoS, but BFT seems unknown to many people, would you mind explaining how it works, and specifically how it works in SPERAX? in a simple way please
How can we participate in Sperax’s network and become a nodes and validator of SPA? What is the requirements for equipment?
Is it possible for stable tokens to have a liquidity problem? How will Sperax be checked for liquidity? and how will it provide stability?
Can we say that BDLS protocol is better than other Byzantine Fault Tolerant protocols in terms of efficiency, functionality and reliability?
With the partnership of Sperax Chainlik, how will it mediate the strengthening of financial services and how will Sperax integrate Chainlink Oracles?
What kind of bounties/rewards do you have for the developers those contribute to your system? Are there any specific criteria for joining the contributer team?
What is the most important achievement of your system so far and what is the next prior target in the current time?
How many validators are planned in your network? Is there a theoretical chance that 2/3 of network validators will act maliciously?
What plans does Sperax have in partnering with major lending protocols like Maker Dao or dYdX Debt Debt Probt Positions (CDP) to try to expand the liquidation protection feature for custom positions?
Most investors want to invest in work products or MVP. What is the development status of your blockchain and the readiness of Sperax products?
What is Sperax tokenometrics? Will there be a burning or repurchasing program to create price and demand stability?
What is Sperax’s integration strategy in relation to traditional companies that continue to exist with their own systems?
How do you evaluate the support from community ? What is your stragety to marketing and for Mass Adoption ? What message do you want to send to community through AMA to day ?
Could you tell us more about the latest updates to the Sperax network and the new partnerships that will lead you to success?
Many popular blockchain projects are still limited to gambling and games, but are not really big real-world applications. What large-scale or killer apps is Sperax working on?
What are the use cases of SPA and sCOIN as different tokens, what would be the benefits of holding each?
Sperax aims to make decentralized financial services accessible to all global citizens. That includes people who have no idea about crypto nor blockchain, how easy would be for them to use Sperax?
We often hear that some Defi platforms has been hacked, talking about the quality of the Defi platform’s security. How confident Sperax to ensure the safety of financial system platform?
can you share with us the happiest moment you have while currently developing the project ?
Could you please shed more light on security side of SPERAX ecosystem? How secure is the SPERAX ‘s structure? What measures have been taken?
What is SPERAX planning for the year for the remainder of 2020 and 2021?
Can you share some next major events of SPERAX project? Which developments we can expect from SPERAX project in next years?
DeFI got atention in Crypto now,
How do you see Defi potential for Sperax right now!?
What role do you think Sperax will takes to makes defi better in global usage!?
recently Sperax made parnership with Chainlink, what’s the advantage of this partnership to both project!?
Sperax using BDLS consensus protocol that sound new for me,
What is the most special characteristic of this protocol!?