Month: August 2020

Каждый новый день приносит новые возможности, так же как и SatoshiClub дает возможность учиться и зарабатывать всем своим участникам. Итак, сегодня мы хотели бы рассказать вам о сессии AMA с нашими друзьями из KardiaChain. AMA состоялась 12 августа и нашими гостями были Три Фэм, генеральный директор / соучредитель в KardiaChain и Энтони Во, финансовый директор KardiaChain.

Общая сумма вознаграждения составила 1500$ и была разделена на 3 части.
В этом обзоре AMA мы постараемся обобщить для вас самые интересные моменты.

Часть 1 – введение и вопросы от сообщества Telegram&Bitcointalk

Serg | Satoshi Club: Привет, дорогое сообщество! Сегодня наши гости из @kardiachain, Национального Блокчейна Вьетнама. Добро пожаловать! 🤝

Irina K. | @satoshi_club: Привет всем 🖖 Добро пожаловать @triminhph and @anthonyvo_KDC . Спасибо, что нашли время и присоединились к нашей AMA 😊

Tri Pham: Всем привет. Спасибо @iri_kravchuk за то, что пригласили нас сегодня

Irina K. | @satoshi_club: Как проходит день?

Tri Pham: отлично 🙂

Irina K. | @satoshi_club: Рады за вас. Расскажите, пожалуйста, о себе. Как вы начали работать с Kardia Chain?

Anthony Vo: Всем привет! Мне очень приятно познакомиться с сообществом Satoshi Club.

Serg | Satoshi Club: Рад видеть вас здесь 🙂

Tri Pham: Конечно. Я Три Фам, соучредитель и генеральный директор в KardiaChain. Я пять лет руководил технологической компанией в Лондоне, прежде чем основал KardiaChain. Моя миссия – нести инновационные технологии в массы, а блокчейн – определенно захватывающая отрасль. Я создаю KardiaChain с верой в то, что мы сможем стимулировать массовое внедрение и построить лучшее общество с помощью блокчейна.

Serg | Satoshi Club: Какая это была компания? Она все еще работает? Что-то связанное с финтехом? Лондон это хаб для таких компаний

Tri Pham: Я создавал приложения для бизнеса, не совсем для финансовых технологий, но некоторое время я находился в офисе в “силиконовой кольцевой развязке” недалеко от Олд Стрит. Я перестал управлять этой компанией примерно в 2018 году, когда решил полностью перейти на KardiaChain.

Irina K. | @satoshi_club: Это наверняка принесет большую эффективность и лучшие услуги в реальном мире. Скрестим пальцы 🤞 @anthonyvo_KDC? Какая у вас история? 😊

Anthony Vo: Я Энтони Во, финансовый директор KardiaChain. Я работал финансовым инженером и в настоящее время руковожу группой по количественному анализу в коммерческом банке в США. Я присоединился к Tri в этом грандиозном бизнес-предприятии с убеждением, что эта технология, которую мы предлагаем, выведет на рынок уникальный продукт и улучшит общество, которое нуждается в более оптимизированном опыте оплаты и обработки

Irina K. | @satoshi_club: Спасибо, ребята, за ваши рассказы о себе . В первой части мы собрали вопросы от нашего сообщества через нашу платформу

Serg | Satoshi Club: Спасибо за ваше представление!

Вопрос 1 от пользователя Telegram @iulya_i

Под совместимостью вы имеете в виду, что он может работать с несколькими блокчейнами? Неинвазивным способом? Что это значит в отношении вашего продукта

Tri Pham: Хороший вопрос. Спасибо @iulya_i, взаимодействие означает, что через KardiaChain смарт-контракты или Dapps могут читать и записывать данные из нескольких блокчейнов. Наше решение является неинвазивным, потому что нам не нужно вносить изменения ни в один из блокчейнов, к которым мы подключаемся. Сначала мы сосредоточимся на основных блокчейнах, а не на каждом доступном.

Irina K. | @satoshi_club: Как вы покрываете такое количество блокчейнов?

Tri Pham: способ, которым это работает, состоит в том, чтобы иметь группу двойных узлов, отвечающих за каждую цепочку блоков, и в зависимости от того, какой объем трафика и данных, передаваемых между этой цепочкой блоков и KardiaChain, у нас есть механизм для увеличения количества узлов в группах.
поэтому больше блокчейнов = больше групп с двумя узлами

Irina K. | @satoshi_club: Хорошо, спасибо за объяснение. Мы расскажем больше о двойных узлах, ответив на один из следующих вопросов.

Вопрос 2 от пользователя bitcointalk elissa

Пожалуйста, объясните свое партнерство с Coinplug. Над чем вы работаете? Зачем вам нужен альянс DID?

Anthony Vo: Я могу ответить на этот вопрос, а Три при необходимости может добавить больше цветов.

Irina K. | @satoshi_club: У нас будет красочный ответ

Anthony Vo: KardiaChain делает еще один важный шаг на пути к массовому внедрению блокчейна во Вьетнаме, разработав решение для децентрализованной идентификации (DID) и сформировав первый альянс DID во Вьетнаме в сотрудничестве с нашим южнокорейским партнером Coinplug. Во-первых, мы высоко ценим корейский рынок, и Coinplug известен на рынке, их блокченй-решения были широко признано, у них большое количество запатентованных блокченй-решений. Фактически, Coinplug является ведущим поставщиком блокчейн-решений для предприятий в Южной Корее, разработав блокчейн-решения для крупнейших корейских предприятий, таких как LG, Hyundai и KB 국민 은 – Coinplug является держателем №1 патентов на блокчейн-решения в Корее и находится в топе мировых держателей.

Irina K. | @satoshi_club: Это поразительно. Браво

Anthony Vo: Наше партнерство с Coinplug поможет ускорить нашу инициативу по совместной разработке сервисов аутентификации на основе DID во Вьетнаме. Правительство Вьетнама активно поддерживает и продвигает технологические инновации в индустрии 4.0, такие как блокчейн и 5G, в качестве ведущего корпоративного и государственного блокчейн-проекта во Вьетнаме. KardiaChain имеет уникальные возможности для крупномасштабной интеграции DID-решений на ведущих предприятиях, а также в государственных учреждениях, охватывающих значительную часть местного населения. Мы соучредили MYKEEPiN VIETNAM (первый альянс DID во Вьетнаме). MYKEEPiN – это удобный сервис проверки личности и аутентификации, использующий DID и технологию самоограниченной идентификации (SSI).

Irina K. | @satoshi_club: Он уже запущен? Или он все еще в режиме разработки?

Tri Pham: Сейчас это на уровне производства. Сервис все еще ожидает развертывания. Нам еще нужно интегрироваться с аттестационным агентством (АА), таким как телеком.

Anthony Vo: Поскольку вьетнамское правительство уделяет приоритетное внимание улучшению цифровой инфраструктуры, DiD станет ключом к оптимизации платежей и других онлайн-сервисов, и мы очень рады этой инициативе!

Irina K. | @satoshi_club: Когда вы ожидаете, что люди начнут его использовать? Я имею в виду, когда это действительно принесет пользу вьетнамским гражданам?

Tri Pham: Я рассчитываю на конец 2020 года. Есть много работы по привлечению большего числа поставщиков услуг AA и адаптации.

Serg | Satoshi Club: Спасибо за подробное объяснение

Вопрос 3 от пользователя bitcointalk nyosant

Двойные узлы кажутся отличным решением, поскольку они позволяют получить доступ к двум цепочкам одновременно (KardiaChain плюс еще один блокчейн). Однако что произойдет, если компания решит перейти с одного блокчейна на другой, например с ETH на NEO? Допускают ли двойные узлы такие изменения и как? Этот вопрос был частично раскрыт, но есть еще кое-что, что нужно объяснить

Tri Pham: это правда Позвольте мне сначала перефразировать вопрос. Nyosant спрашивает, может ли оператор с двумя узлами переключить свою поддержку на другую сеть. Например, он использует двойной узел KAI-ETH и теперь хочет поддерживать NEO. В настоящее время переход с KAI-ETH на KAI-NEO осуществляется вручную. Мы предоставим необходимые скрипты и инструменты для отладки, чтобы переключиться плавно. В будущем мы объединим ESWIM (эластичный сегмент с механизмом стимулирования), чтобы процесс переключения двух узлов мог происходить автоматически, когда стимул к переключению достаточно высок.

Irina K. | @satoshi_club: Кто определяет важность стимула?

Tri Pham: Мы позволяем сети решать. то есть. валидаторам

Serg | Satoshi Club: Кстати, у меня небольшой вопрос. Не могли бы вы сказать нам, почему проект может захотеть использовать 2 блокчейна одновременно? Какая от это польза? Например KAI-ETH

Tri Pham: Необходимость использования нескольких блокчейнов возникает, когда Dapp хочет: 1) предоставить доступ к более широкой базе пользователей, например пользователям ETH и NEO, 2) использовать текущие приложения и данные, доступные в различных блокчейнах, таких как торговля NFT Crypto Kitties и Crypto Dogs, 3) использовать каждый блокчейн в своих интересах, например, дешевую комиссию в TRON и большую стабильность в ETH. И всегда есть DEX, но теперь можно проводить расчеты между цепочками, например, от NEP5 до ERC20.

Вопрос 4 от пользователя Telegram @antonerem

Я видел, что вы реализовали решение для платформы такси во Вьетнаме. Как технология Blockchain может улучшить платформу такси? Какие новые вещи вы принесли?

Anthony Vo:Спасибо, Антон Ерем, за то, что подписался на KardiaChain и принес эту новость сообществу. Мы в Kardiachain, в сотрудничестве с нашим растущим списком партнеров, ставим себя в авангарде ускорения Вьетнама по пути к безналичному обществу. Зеленая карта – это последний подход нашей компании Mai Linh к цифровой трансформации. Компания Main Linh – один из крупнейших игроков в конкурентоспособной индустрии такси во Вьетнаме. Наше партнерство с ними приносит пользу нам обоим. С нашей точки зрения, это ускорит наше видение и расширит базу пользователей и повысит удобство использования в бизнесе для владельцев Kai. С их точки зрения, наши инновационные технологии помогут компании предложить пассажирам более оптимизированный платежный опыт.

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Serg | Satoshi Club: они смогут расплачиваться с помощью KAI? или как именно это работает?

Anthony Vo: Это правильно. Они смогут расплачиваться KAI или фиатом.

Irina K. | @satoshi_club: Есть ли другой функционал помимо оплаты?

Anthony Vo: на данный момент наша приоритетная задача – простая оплата с помощью QR и NFC, но я уверен, что появятся и другие возможности

Вопрос 5 от пользователя Telegram Crypt0M0nk3y

Имея дело с правительством Вьетнама, планируете ли вы расширить свою деятельность в других странах с аналогичными характеристиками и высоким процентом населения, не охваченным банковскими услугами (например, Латинская Америка)?

Tri Pham: Мне задавали этот вопрос много раз 🙂 Я должен сказать, что мы сосредоточены на Вьетнаме, пока мы не подключим большую часть населения к блокчейну. Некоторые из наших партнеров уже имеют услуги в нескольких странах, как вы описали. У меня были некоторые мысли по этому поводу. Но я люблю «думать масштабно и начинать с малого» 🙂

Serg | Satoshi Club: В этом есть смысл 🙂

Irina K. | @satoshi_club: Это хорошее отношение. Всегда лучше, когда сначала делаешь что-то одно, а потом двигаешься вперед.

Вопрос 6 от пользователя Telegram @alpulusoy

Насколько мне известно, Kardia Smart Contract Language System (KSML) – одна из уникальных и инновационных технологий KardiaChain. Итак, какие навыки программирования нужны пользователям для развертывания мультичейн смарт-контракта в тестовой сети? Почему KardiaChain утверждает, что KSML предназначен для разработчиков как оптимальный инструмент для развертывания мультичейн смарт-контрактов, не требуя предварительных глубоких знаний или опыта?

Tri Pham: хороший вопрос. Позвольте мне рассказать об этом. Почему KardiaChain утверждает, что KSML предназначен для разработчиков как оптимальный инструмент для развертывания мультичейн смарт-контрактов, не требуя предварительных глубоких знаний или опыта? Используя KSML, разработчикам потребуется всего один раз написать коды смарт-контрактов в KardiaChain, затем этот код будет автоматически переведен на другие языки программирования смарт-контрактов, такие как Java, Solidity, C ++, и развернут в других общедоступных цепочках, таких как Ethereum, NEO или Tron. Это значительно снижает кривые обучения и время развертывания DApp. Насколько нам известно, в настоящее время не существует инструмента, который позволял бы разработчикам Dapp объединять несколько смарт-контрактов различных блокчейнов (и, возможно, разных языков) в один мастер-смарт-контракт.

Например, у разработчика Dapp нет надежного и простого способа написать что-то вроде «запросить учетную запись 1 в ETH для отправки 10 ETH на счет 2, И как только эта транзакция будет подтверждена в ETH, запросить учетную запись 2 в NEO для возврата 200 NEO в учетную запись. 1 ”. С помощью KSML, использующего технологию Dual Node, вы можете указать все эти операции с помощью нескольких смарт-контрактов, развернутых одновременно на ETH и NEO.

Serg | Satoshi Club: Между прочим, это отличная функция, и я предполагаю, что предстоит много работы, чтобы сделать это возможным

Anthony Vo: действительно было много сделано 🙂 Нам повезло, что у нас есть отличная техническая команда, в которую входят представители ведущих технологических компаний мира (Google, Amazon и т. д.)

Serg | Satoshi Club: Отлично 🙂 Большое спасибо за хорошие ответы. Менее чем через минуту мы откроем чат для онлайн вопросов

Часть 2 – онлайн вопросы от сообщества Telegram

Вопрос 1 от пользователя Telegram @Nickkiii

Единственный способ расширения и роста индустрии блокчейн – это наличие у нас пользователей, которые смогут с легкостью использовать продукты. Какие уникальные особенности Kardiachain помогут привлечь больше пользователей?

Anthony Vo: Вы абсолютно правы! Наше видение массового внедрения привело нас к выработке наших бизнес-стратегий, направленных на развитие партнерских отношений с традиционными компаниями, имеющими миллионы пользователей. Наши технологии помогают сделать блокчейн транзакцию невидимой для конечных пользователей – Mai Linh, OnSport App (телевидение), Gelemxico (RE и банковское дело) и многих других. Ваше наблюдение правильное.

Вопрос 2 от пользователя Telegram @SitiA09

Блокчейн имеет практическое применение в ряде отраслей, например в приложениях KardiaChain для хранения данных, но эту технологию часто объясняют сложными терминами. Как вы побуждаете людей и компании внедрять блокчейн, когда многие не понимают, что это на самом деле?

Anthony Vo: Отличный вопрос. Наша цель – разработать приложения, доступные для конечных пользователей. Это похоже на то, что вы можете знать, как работает каждая часть оборудования в автомобиле, но вы все равно быть прекрасным водителем. Эта стратегия поможет нам подключить больше пользователей, сведя к минимуму время обучения.

Вопрос 3 от пользователя Telegram @ilham1908

Kardiachain недавно (около месяца назад) объявили о своем партнерстве с Geleximco. В чем основная причина этого партнерства? Какие положительные результаты можно ожидать от этого партнерства?

Tri Pham: Geleximco – один из крупнейших конгломератов во Вьетнаме, предприятия которого охватывают разные отрасли. Это партнерство соответствовало нашему подходу к работе с крупными игроками для эффективной разработки сценариев использования и привлечения пользователей. Результатом этого станут технологии KAI и KardiaChain, интегрированные в экосистему Geleximco, такую ​​как недвижимость и банковское дело.

Вопрос 4 от пользователя Telegram @Orrangelp

DeFi – одна из самых горячих тем в области блокчейна. Вы можете поделиться с нами своим мнением о DeFi? Как вы думаете, DeFi разрушит существующую финансовую систему? Как Kardiachain рассматривает DeFi?

Anthony Vo: DeFi – определенно одна из самых горячих тем в этой области. У нас в разработке есть пара продуктов, но пока рано об этом говорить. Я лично не думаю, что DeFi разрушит существующую финансовую структуру, он должен быть дополнительным фактором для областей, которые нуждаются в большей оптимизации, а их очень много.

Вопрос 5 от пользователя Telegram @Orrangelp

Я видел на вашей платформе, что одним из продуктов вашей экосистемы является «ESWIM». Можете ли вы объяснить, какова роль ESWIM в экосистеме Kardiachain и как это работает?

Tri Pham: ESWIM (эластичное сегментирование с механизмом стимулирования) является ключевой особенностью, гарантирующей, что вся сеть (KardiaChain + группы двойных узлов) всегда может работать в оптимальном состоянии с точки зрения комиссий, производительности и безопасности. Принцип работы ESWIM заключается в том, что мы собираем сигналы от всех участвующих цепочек (ETH, NEO, TRX) для оценки трафика транзакций и комиссии в каждой цепочке в режиме реального времени. На основе этих оценок мы выполняем некоторые операции ML со сложными вычислениями, чтобы определить правильное количество валидаторов, которые должны быть в каждой группе Dual Node, чтобы обеспечить наиболее эффективное состояние для всей экосистемы. Затем мы можем стимулировать валидаторов оставаться в одной группе или переходить в другие группы с помощью различных методов, таких как увеличение вознаграждения за стейкинг для групп с меньшим количеством валидаторов или повышение требований к депозиту для групп, у которых уже есть больше валидаторов и т.д.

Вопрос 6 от пользователя Telegram @melanintrish

Маркетинг – центральный элемент каждого проекта, благодаря ему каждый узнает, какой потенциал у проекта. Какова ваша стратегия по привлечению новых пользователей и инвесторов в Kardiachain и удержанию их в долгосрочной перспективе?

Anthony Vo: Ваше наблюдение правильное. Мы уделяем очень пристальное внимание маркетинговому аспекту. Мы очень рады, что недавно к нашей команде присоединился новый CBO Johhny. Он является опытным бизнес-специалистом и изложил подробную дорожную карту для Kardia, чтобы охватить значительное количество пользователей с настоящего момента до конца 2020 года, а также расширить команду. Мы предоставим эту информацию, когда придет время 🙂

Вопрос 7 от пользователя Telegram @CrypTo_Damiya

Как вы планируете объяснять такие технические темы более широкой аудитории? Как вы планируете показать миру, что ваш продукт – это не очередное бесполезное блокчейн-решение несуществующей проблемы

Tri Pham: Мы делаем прямо противоположное. Мы хотим, чтобы наша технология блокчейн была невидима для конечных пользователей, как, например, интернет и электричество. Пользователи увидят только преимущества контроля над своими токенами и смогут обменивать их на продукты и услуги. Они могут зарабатывать, хранить, делать ставки и использовать KAI, не изучая блокчейн.

Вопрос 8 от пользователя Telegram @Sadikst

Как KardiaChain решит три основные проблемы для криптоинвесторов: разнообразие, ценность и удобство? Какие особенности технологии и стратегии KardiaChain заставляют вас поверить в ее успех?

Anthony Vo: Эйнджел, это отличный вопрос. Мы хорошо знаем об этих болевых точках, и, следовательно, наши текущие стратегии заключаются в том, чтобы минимизировать / избегать их для владельцев Kai. Наше партнерство со многими традиционными предприятиями позволит держателям Kai и инвесторам удобно использовать свои Kai без каких-либо технических препятствий. Наши партнеры, предоставляющие услуги, – телевидение, телефон, такси, авиалинии и другие – действительно помогают разнообразить портфолио и варианты использования Kai. Эти две причины вместе с нашей функциональностью наших основных технологий помогают повысить ценность Kai.

Вопрос 9 от пользователя Telegram @Sadikst

Есть пользователи, которые не имеют особых технических знаний о крипто-мире. Что kardiachain предлагает этим пользователям? платформа, приложение разработано с учетом этих пользователей?

Tri Pham: Это причина, по которой мы работаем с крупными поставщиками услуг, чтобы не обучать рынок. KardiaChain и KAI будут интегрированы в фоновом режиме. Наши партнеры помогут адаптировать и направить пользователей, поскольку они понимают своих пользователей намного лучше, чем мы.

Вопрос 10 от пользователя Telegram @Rojib_mia

Может ли #KARDIACHAIN ​​дать мне 3 основных момента, которые объединят меня и други хинвесторов для долгосрочного инвестирования?

Anthony Vo: 1) Наш послужной список успехов в предоставлении инновационных решений на основе блокчейна партнерам в традиционных деловых условиях. 2) Компания поддерживается местным правительством; следовательно, минимальные препятствия в плане законности для массового внедрения блокчейна 3) Kai значительно вырос в цене с тех пор, как начал листинг на более популярных платформах, и их будет больше

Часть 3 – Результаты викторины

В заключительной части мы хотели бы, чтобы вы проверили свои знания о KardiaChain. Для этой части они подготовили 4 вопроса, чтобы каждый мог принять участие и ответить на них. Все правильные ответы вы найдете в конце этого рекапа. Наслаждайтесь!

Вопрос 1

Заполните поле «KardiaChain – первая в мире…». совместимая и неинвазивная блокчейн-платформа ».

А. Полностью

Б. Возможно

C. Техническая

Вопрос 2

Что означает ADapp от KardiaChain и какова наша стратегия для достижения массового внедрения?

A. – Внедрение Dapp, сотрудничество с ведущими предприятиями и государственными органами для децентрализации их существующих продуктов / услуг

Б. – Реклама Dapp, сотрудничество с ведущими предприятиями и государственными органами для децентрализации их существующих продуктов / услуг

C. – Реклама Dapp, сотрудничество с МСП для децентрализации их существующих продуктов / услуг

Вопрос 3

Какой продукт мы и наш партнер Mai Linh Taxi, крупнейшая компания такси во Вьетнаме, вместе запускаем для удобных поездок?

А– TaxiCrypt card

Б– Blue Card KardiaChain

С– Ride Card для держателей KAI

Д– Green Card

Вопрос 4

Как называется компания MYKEEPin ALLIANCE, с которой KardiaChain также сотрудничает, чтобы создать альянс DID во Вьетнаме?

А. Metadium

Б. Coinplug

C. KAYBO

Д. LG CNS

Ответы

1. A.
2. A.
3. Д.
4. Б.

Для получения дополнительной информации и будущих AMA присоединяйтесь к нашим каналам в социальных сетях:

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/

Наши партнеры:

KardiaCnain Community: https://t.me/KardiaChain

Cada día trae consigo nuevas posibilidades, así como SatoshiClub da posibilidades de aprender y ganar a todos sus miembros. Así que hoy nos gustaría contarles sobre la sesión de AMA con nuestros amigos de KardiaChain. El AMA tuvo lugar el 12 de agosto y nuestros invitados fueron Tri Pham, CEO / CO-FUNDADOR de KardiaChain y Anthony Vo, CFO de KardiaChain.

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Parte 1 – Preguntas de la comunidad de Telegram & Bitcointalk

P1 del usuario de Telegram @iulya_i

¿Por interoperable quieres decir que puede funcionar a través de múltiples cadenas de bloques? ¿Por no invasivo? ¿Qué significa relacionado con su producto?

Tri Pham: Buena pregunta. Gracias @iulya_i , interoperable significa que a través de KardiaChain, los contratos inteligentes o Dapps pueden leer y escribir datos de múltiples cadenas de bloques. Nuestra solución no es invasiva porque no requerimos cambios en ninguna de las cadenas de bloques a las que nos conectamos. Al principio, nos centraremos en las cadenas de bloques principales, no en todas las cadenas disponibles que existen.

Irina K. | @satoshi_club: ¿Cómo se cubren tantas cadenas de bloqueos?

Tri Pham: La forma en que funciona es tener un grupo de nodos duales a cargo de cada cadena de bloques, y dependiendo de cuánto tráfico y valor de los datos se cruzan entre esa cadena de bloques y KardiaChain, tenemos un mecanismo para aumentar el número de nodos en el grupo.

Así que más cadenas de bloques = más grupos de nodos duales.

P2 de la usuaria de Bitcointalk, Elissa

Por favor, explique su asociación con Coinplug. ¿En qué estás trabajando? ¿Por qué necesitas la alianza DID?

Anthony Vo: KardiaChain ha estado dando otro paso importante para lograr la adopción masiva de la cadena de bloqueo en Vietnam, desarrollando una solución de identidad descentralizada (DID) y formando la primera alianza DID en Vietnam en colaboración con nuestro socio surcoreano Coinplug. En primer lugar, tenemos una gran opinión del mercado coreano, y Coinplug es conocido en el mercado, su solución ha sido ampliamente reconocida con un gran historial de titularidad de patentes.

De hecho, Coinplug es un proveedor líder de soluciones de cadenas de bloques para empresas en Corea del Sur, habiendo desarrollado soluciones de cadenas de bloques para las empresas más grandes de Corea como LG, Hyundai y KB국민은 – Coinplug es el titular de la patente de cadenas de bloques número 1 en Corea y el primero en el mundo.

Nuestra emocionante asociación con Coinplug ayudará a acelerar nuestra iniciativa de co-desarrollo de servicios de autenticación basados en DID en Vietnam. El gobierno vietnamita ha estado apoyando e impulsando activamente la innovación tecnológica de la industria 4.0, como la cadena de bloques y 5G, como un proyecto líder de cadenas de bloques empresariales y gubernamentales en Vietnam.

KardiaChain está en una posición única para poder integrar las soluciones DID a gran escala en las principales empresas, así como en las instituciones gubernamentales, abarcando una gran parte de la población local. Cofundamos MYKEEPiN VIETNAM (primera alianza DID en Vietnam). MYKEEPiN es un servicio de verificación de identidad y autenticación fácil de usar que aprovecha la tecnología de DID y de identidad autosoberana (SSI).

Irina K. | @satoshi_club: ¿Ya está funcionando? ¿O todavía está en modo de desarrollo?

Tri Pham: Está a nivel de producción. Sin embargo, el servicio todavía está esperando el lanzamiento. Todavía tenemos que integrarnos con la agencia de certificación (AA) como telecomunicación.

Anthony Vo: Como el gobierno vietnamita ha establecido como prioridad mejorar la infraestructura digitalizada, la DiD será la clave para optimizar el pago y otros servicios en línea y estamos muy entusiasmados con esta iniciativa.

Irina K. | @satoshi_club: ¿Cuándo esperas que la gente empiece a usarla? Quiero decir, ¿cuándo beneficiará a los ciudadanos vietnamitas de verdad?

Tri Pham: Estoy mirando a finales de 2020. Mucho trabajo para conseguir más AA y proveedores de servicios de abordo.

P3 del Usuario de Bitcointalk nyosant

Los Nodos Duales parecen una gran solución ya que permiten acceder a dos cadenas simultáneamente (KardiaChain más otra cadena de bloqueo). Sin embargo, ¿qué pasaría si una empresa decide pasar de una cadena de bloques a otra, por ejemplo, de ETH a NEO? ¿Permitirían los nodos duales ese tipo de cambios y cómo?

Tri Pham: Déjame reformular la pregunta primero. Nyosant pregunta si un operador de nodo dual puede cambiar su soporte a otra red. Por ejemplo, está ejecutando el nodo dual KAI-ETH, y ahora quiere apoyar a NEO.

Por el momento, el cambio de KAI-ETH a KAI-NEO es un proceso manual. Proporcionaremos los scripts necesarios y las herramientas de depuración para ayudar a que el cambio se realice sin problemas

En el futuro, combinaremos ESWIM (Elastic Sharding With Incentive Mechanism) para que el proceso de cambio de nodos duales pueda ocurrir automáticamente cuando el incentivo para cambiar sea lo suficientemente alto

Irina K. | @satoshi_club: ¿Quién está determinando el valor del incentivo?

Tri Pham: Dejamos que la red decida. Es decir, los validadores

Serg | Club Satoshi: Por cierto, tengo una pequeña pregunta: Blush: ¿Puedes decirnos por qué un proyecto querría usar 2 cadenas de bloques al mismo tiempo? ¿Qué beneficio tienen? Por ejemplo, KAI-ETH

Tri Pham: La necesidad de usar múltiples cadenas de bloqueo surge cuando un Dapp quiere: 1) exponerse a una base de usuarios más amplia, como los usuarios de ETH y NEO, 2) aprovechar las aplicaciones actuales y los datos disponibles en diferentes cadenas de bloques, como el comercio de NFT Crypto Kitties y Crypto Dogs, 3) utilizar cada cadena de bloques para su propio beneficio, como la tarifa barata en TRON y más estabilidad en ETH. Y siempre hay DEXs, pero ahora puede hacer el asentamiento de la cadena cruzada, como NEP5 a ERC20.

P4 del Usuario de Telegram @antonerem

He visto que haN implementado una solución para una plataforma de taxis en Vietnam. ¿Cómo puede una tecnología Blockchain mejorar la plataforma de taxis? ¿Qué es lo nuevo que has traído?

Anthony Vo: En Kardiachain, con la colaboración de nuestra creciente lista de socios, nos estamos colocando a la vanguardia de la aceleración de Vietnam hacia una sociedad sin dinero en efectivo. La Tarjeta Verde es la más reciente visión de nuestra Mai Linh sobre la transformación digital. La compañía Main Linh es uno de los mayores actores en la competitiva industria del taxi en Vietnam. Nuestra asociación con ellos nos beneficia a ambos. Desde nuestra perspectiva, acelerará nuestra visión de una base de usuarios más amplia y creará más facilidad de uso para los titulares de Kai. Desde su perspectiva, nuestra tecnología innovadora ayudará a la compañía a ofrecer una experiencia de pago más optimizada a sus conductores.

P5 del usuario de Telegram @Crypt0M0nk3y

Con su caso de negocios con el gobierno de Vietnam, ¿tiene previsto expandirse a otros países con características similares de un alto porcentaje de población no bancarizada (es decir, América Latina)?

Tri Pham: Tengo que decir que nuestro enfoque está en Vietnam hasta que subamos a bordo la mayoría de la población para bloquear la cadena.

Algunos de nuestros socios ya tienen servicios en varios países como usted describió. He tenido algunas ideas sobre esto. Pero me encanta “pensar en grande y empezar en pequeño” 🙂

P6 del usuario de Telegram @alpulusoy

Por lo que sé, el Sistema de Lenguaje de Contratos Inteligentes de Kardia (KSML) – una de las tecnologías únicas e innovadoras de KardiaChain. Entonces, para desplegar un contrato inteligente multicadena en la red de pruebas, ¿qué conocimientos de programación necesitan los usuarios? ¿Por qué KardiaChain afirma que KSML está diseñado para ser la herramienta óptima para que los desarrolladores desplieguen contratos inteligentes multicadena sin necesidad de tener conocimientos o experiencia previa?

Tri Pham: Buena pregunta. Déjame cubrir esto. ¿Por qué KardiaChain afirma que KSML está diseñado para ser la herramienta óptima para que los desarrolladores desplieguen contratos inteligentes multicadena sin necesidad de un conocimiento o experiencia previa y profunda?

Al usar KSML, los desarrolladores sólo tendrán que escribir códigos de contratos inteligentes una vez en KardiaChain, este código se traducirá automáticamente a otros lenguajes de programación de contratos inteligentes como Java, Solidity, C++ y se desplegará en otras cadenas públicas como Ethereum, NEO o Tron. Esto reduce significativamente las curvas de aprendizaje y los tiempos de despliegue de DApp.

Por lo que sabemos, actualmente no hay ninguna herramienta que permita a los desarrolladores de Dapp comprender múltiples contratos inteligentes de diferentes cadenas de bloques (y potencialmente diferentes lenguajes) en un único contrato inteligente Master.

Por ejemplo, no existe una forma limpia para que un desarrollador de Dapp escriba algo como “solicitar la cuenta 1 en ETH para enviar 10 ETH a la cuenta 2, Y una vez que esa transacción se confirma en la ETH, solicitar la cuenta 2 en NEO para devolver 200 NEO a la cuenta 1”.

Con KSML aprovechando la tecnología de doble nodo, puede especificar todas estas operaciones a través de múltiples contratos inteligentes desplegados simultáneamente en ETH y NEO.

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Parte 2 – Preguntas en vivo de la comunidad de Telegram

P1 del Usuario de Telegram @Nickkiii

La única manera de que la industria de las cadenas de bloqueo se expanda y crezca es si tenemos usuarios que puedan usar los productos con facilidad. ¿Cuáles son algunas de las características únicas de Kardiachain que ayudarían a atraer más usuarios?

Anthony Vo: ¡Tienes toda la razón! Nuestra visión de la adopción masiva nos ha llevado a establecer nuestras estrategias de negocio para desarrollar la asociación con las empresas tradicionales que tienen millones de usuarios. Nuestra tecnología ayuda a hacer que las transacciones de cadenas de bloqueo sean invisibles para los usuarios finales – Mai Linh, OnSport App (televisión), Gelemxico (RE & banca) y muchos más. Su observación es acertada.

P2 del Usuario de Telegram @SitiA09

Blockchain tiene aplicaciones prácticas para varias industrias, como las aplicaciones de KardiaChain para el almacenamiento de datos, pero la tecnología se explica a menudo en términos difíciles. ¿Cómo animas a la gente y a las empresas a adoptar Blockchain cuando muchos no entienden lo que realmente es?

Anthony Vo: Gran pregunta. Nuestro objetivo es desarrollar Dapps que estén disponibles y sean accesibles para los usuarios finales. Es como si no necesitaras saber cómo funcionan todos los equipos de un coche, pero aun así puedes ser un conductor maravilloso. Esta estrategia nos ayudará a conectar a más usuarios mientras se minimiza la curva de aprendizaje de la educación.

P3 del Usuario de Telegram @ilham1908

Kardiachain recientemente (alrededor de 1 mes) anunció su asociación con Geleximco. ¿Cuál es la razón principal detrás de esta asociación? ¿Qué tipo de resultados positivos podemos esperar de esta asociación?

Tri Pham: Geleximco es uno de los conglomerados más grandes de Vietnam con negocios que abarcan todas las industrias. Esta asociación siguió nuestro enfoque de trabajar con los principales actores para desarrollar eficazmente casos de uso y adquirir usuarios. Los resultados de esto serán la tecnología de KAI y KardiaChain integrada en el ecosistema de Geleximco, como los bienes raíces y la banca.

P4 del Usuario de Telegram @Orrangelp

El DeFi es uno de los temas más candentes en el campo de las cadenas de bloques. ¿Puede compartir su opinión sobre el DeFi con nosotros? ¿Cree que el DeFi destruirá el sistema financiero existente? ¿Cuál es el enfoque de Kardiachain hacia el DeFi?

Anthony Vo: DeFi es definitivamente uno de los temas más calientes en el campo. Estamos teniendo un par de productos en nuestra línea, pero es un poco prematuro anunciarlo. Personalmente no creo que el DeFi destruya la estructura financiera existente, debería ser un factor suplementario para las áreas que necesitan ser más optimizadas y hay una tonelada de ellas.

P5 del Usuario de Telegram @Orrangelp

Vi en su plataforma que uno de sus productos del ecosistema es “ESWIM”. ¿Puede explicar cuál es el papel de ESWIM en el ecosistema de Kardiachain y cómo funciona?

Tri Pham: ESWIM (elastic sharding with incentive mechanism) es una característica clave para garantizar que toda la red (KardiaChain + grupos de Nodos Duales) pueda operar siempre en su estado óptimo en términos de tarifa, rendimiento y seguridad.

La forma en que funciona el ESWIM es que recogemos las señales de todas las cadenas participantes (ETH, NEO, TRX) para estimar el tráfico de transacción y la tasa en cada cadena en tiempo real. A partir de estas estimaciones, hacemos algunos ML con cálculos complejos para calcular la cantidad correcta de validadores que deben estar en cada grupo de nodos duales para asegurar el estado más eficiente para todo el ecosistema.

Luego podemos incentivar a los validadores a que permanezcan en un grupo o se trasladen a otros grupos a través de diferentes métodos como el aumento de los premios de apuesta para los grupos con menos validadores, o el aumento de los requisitos de depósito para los grupos que ya tienen más validadores, etc.

P6 del Usuario de Telegram @melanintrish

El marketing es un elemento central de todo proyecto, para que todos sepan el potencial que puede aportar un proyecto. ¿Cuál es su estrategia para atraer nuevos usuarios e inversores a Kardiachain y mantenerlos a largo plazo?

Anthony Vo: Su observación es acertada. Estamos prestando mucha atención al aspecto de la comercialización. Recientemente, estamos muy emocionados de tener un nuevo CBO Johhny que se une a nuestro equipo. Es un experimentado especialista en negocios y esbozó un detallado mapa de ruta para que Kardia llegue a un número significativo de usuarios desde ahora hasta finales de 2020, así como a un equipo más largo. Tendremos esta información disponible cuando sea el momento adecuado 🙂

P7 del Usuario de Telegram @CrypTo_Damiya

¿Cómo piensa explicar estos temas técnicos a un público más amplio? ¿Cómo planea mostrar al mundo que su producto no es sólo otra solución inútil de cadena de bloques para un pueblo inexistente?

Tri Pham: Estamos haciendo exactamente lo contrario. Queremos que nuestra tecnología de cadenas de bloqueo sea invisible para los usuarios finales, como Internet y la electricidad. Los usuarios sólo verán los beneficios de tener control sobre su token y podrán intercambiar por productos y servicios. Pueden ganar, almacenar, apostar y usar KAI sin aprender sobre la cadena de bloques.

P8 del Usuario de Telegram @Sadikst

¿Cómo resolverá KardiaChain tres puntos dolorosos para los inversionistas criptográficos: diversidad, valor y conveniencia? ¿Qué específico sobre la tecnología y la estrategia de KardiaChain que le hace creer que tendrá éxito?

Anthony Vo: Es una gran pregunta, Angel. Somos muy conscientes de estos puntos dolorosos y por lo tanto, nuestras estrategias actuales en el lugar son para minimizar / evitar que para los titulares de Kai. Nuestras asociaciones con muchas empresas tradicionales permitirán a los titulares de Kai y los inversores a utilizar convenientemente su Kai sin barrera técnica. Nuestros socios proveedores de servicios de televisión, teléfono, taxi, aerolíneas, y otros realmente ayudan a diversificar la cartera y los casos de uso de Kai. Estas dos razones, junto con nuestra interoperabilidad de nuestra tecnología central ayudan a impulsar el valor de Kai.

P9 del Usuario de Telegram @Sadikst

Hay usuarios que no tienen muchos conocimientos técnicos sobre todo este mundo criptográfico. ¿Qué ofrece kardiachain a estos usuarios? ¿La plataforma, su aplicación está diseñada con estos usuarios en mente?

Tri Pham: Esta es la razón por la que estamos trabajando con los principales proveedores de servicios para evitar la educación del mercado. KardiaChain y KAI se integrarán en segundo plano. Nuestros socios ayudarán a bordo y guiarán a los usuarios para que entiendan a sus usuarios mucho mejor que nosotros.

P10 del Usuario de Telegram @Rojib_mia

¿Puede #KARDIACHAIN darme 3 puntos principales para conectarme a mí y a otros ángeles inversores para invertir a largo plazo?

Anthony Vo: 1) Nuestro historial de éxitos en la prestación de soluciones innovadoras impulsadas por cadenas de bloques a los socios en el entorno empresarial tradicional.

2) La compañía es apoyada por el gobierno local; por lo tanto, el obstáculo mínimo de legalidad para llevar la cadena de bloqueo a la adopción masiva.

3) El valor de Kai se ha apreciado significativamente desde que comenzó a cotizar en las plataformas más populares y habrá más.

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Para más información y futuros AMAs, únase a nuestros canales oficiales:
Grupo de Telegram en Inglés: https://t.me/Satoshi_club
Grupo de Telegram en Ruso: https://t.me/satoshi_club_ru
Grupo de Telegram en Español: https://t.me/satoshi_club_spanish
Canal de Telegram: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Nuestros invitados:
KardiaChain Community: https://t.me/KardiaChain

August has been a great month for Satoshi Club, the group is growing and also the number of AMAs and rewards presented on it. On August 17th, our friends from @bazookians were invited to conduct a session with us. Our guests were @Logicman1 and @Baztoken.

The total reward pool was $500 and it was splitted into three parts.

In this AMA Recap we will try to summarize some of the most interesting points for you.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Serg | Satoshi Club: Hello, dear community! Our guests are from @bazookians

Welcome to Satoshi Club! @Baztoken, @Logicman1, @Hasanprodhan, @Gsalami

Irina K. | @satoshi_club: Welcome guys, we’re on an AMAthon here tonight. How is your day?

Chan Baz: Hello great Satoshi club community Baztoken team are glad to be here.

Serg | Satoshi Club: We are glad to have you here as well. Please introduce yourself and the project.

Chan Baz: My name is Chan Baz the CTO of Baztoken project a core team member.

‌‌🔥 BAZOOKA BAZTOKEN 🔥

About The Project:

Baz Token (BAZT) is an ERC-20 Token, based on blockchain technology with limitless usability which aims to revolutionize the E-Gaming, Sports betting and E-commerce industry. This platform with active use cases in E-Gaming, Sports betting, E-commerce will be mutually beneficial for Investors and contributors.

Baztoken unique service allows investors and contributors to stash up their wins and then cash out from the comfort of your home in fiat currencies or crypto-currencies.

Advantages of the Project:

• Blockchain Technology
• Great Rates Confirmed
• Best-In-Class Investments
• Fiat Support
• Asset Under Secure Watch
• Built by People For People

🔹Website : https://baztoken.io  

🔹Games platform: http://bazbet.com   

🔹Whitepaper: https://bit.ly/3c0GmNM

Total Supply: 2,500,000

Circulating Supply: 1,089,402

Irina K. | @satoshi_club: Nice to meet you. How did you get to work on the Baztoken project?

Chan Baz: Nice meeting you, we work as a team with everyone putting efforts together to make the Baztoken works since we started the project.

Irina K. | @satoshi_club: That’s what great teams should do 😊. Thanks for sharing.

Serg | Satoshi Club: Thank you for the introduction! Where is the name coming from btw?

Chan Baz: Lol, the name came from something explosive progressing. BooMZooka Bazooka Token, Baz Token. The name signifies continuous explosive progress

Q1 from Bitcointalk User george.bend

You want to bring solutions for E-Gaming, Sports betting and E-commerce industry. How are you targeting those? They are 3 different industries with different needs. What exactly are you bringing new for them?

Chan Baz: Having looking at the potential in E-Gaming, Sports Betting industry which is still under tapped, the Bazooka team decided to bring blockchain solutions to this industry through a more transparent system that can be traced and tracked unlike the orthodox or conventional Sports Betting. Our approach is to make the E-Gaming and Sports Betting easily available to all at just a click.

As per E-commerce, we are going to use BAZT as a means of acceptability for goods and services in many ways. Both physical shops and online platforms as well through partnership with the major stake holders in the industry.

Q2 from Bitcointalk User idee002

Main focus of BAZT team is to create project with value driven features and good usability. Do you have plans to launch a fan token, specific for each team/club, as well as host a Fan Token Offering whereby millions of sport fans, like me, have to purchase BAZ token in order to get a fan token? Is there any recent partnership with any sport or betting platform to promote this idea?

Chan Baz: The main focus of this project is to add value to BAZT, because what’s the use of a project without any proper use cases and to solve this problem, we have just launched a gaming royal platform called bazbet.com where users and holders of BAZT can use it to play games and earn more money in ETH/BTC. The aim is to ensure to create value for BAZT, because we give bonus and discount on the usage of BAZT on the platform.

Secondly, we are planning to create fan based token in the nearest future where each individual can use it to stake for their preferred clubs. The conditions we will be an amount of BAZT must be held before the user will be able to enjoy such access. We have few partnerships in place already and more will be added. We are planning to have partnerships with the operators of betting platforms in some specific regions to start with. We are having many partnerships to be announced.

Serg | Satoshi Club: Can you give some examples of partnerships? or is it a secret?

Chan Baz: Not entirely a secret, I will try and mentioned just this few PlayRoyal, CoinNess, Coinkeper etc. We are on Zelcore and Bonepayment partnership where holders of BAZT can use it to a lot on their platform.

Q3 from Telegram User @ji_sun_kor

I know that for your type of activities you need very high regulated licenses, especially for betting. did you get them? If yes, where?

Chan Baz: This is very correct, our online betting platform is about to kickoff and definitely we will get the license. Another way we apart from getting our on license is to partners with some major stake holders which I won’t mention because of NDA until everything is ready for the public consumption

Irina K. | @satoshi_club: That’s great, where did you apply for a license?

Chan Baz: Lol, it’s NDA we will reveal it once we are ready.

Sports Betting is one of our major area of interest so we want to play BIG and make our investors happy.

Q4 from Telegram User @dominiksss

In your whitepaper you claim that the whales are manipulating the markets and as a result, people lose their trust in the markets. You also say that Baz Token will solve this. Can you please explain how will you prevent the whales from manipulating the price of your token for example?

Chan Baz: Whales we always be whales but we tried our best to make BAZT a community driven focus so at to reduce the amount of the BAZT tokens that can be held be an individual at a time since we didn’t really do an IEO.

Serg | Satoshi Club: If you didn’t do an ieo, it means there aren’t many tokens in the free market. So that’s good for the price.

Chan Baz: We intend to make holdings of BAZT very attractive instead of always selling and dumping it. Yes, absolutely correct.

To some extent we can say BAZT is even distributed among the community.

Q5 from Telegram User @AndresM77

If we create a game or asset, can we list our assets in the BAZOOKA market?

Chan Baz: We got a lot of usability for BAZT that will always makes our investors glad for holding the token.

The answer is yes; this is part of the future project. Creating game hubs for other projects to list their assets. Our APP will have a lot of features and that’s the reason we say it’s a unique multipurpose APP, with wallet, staking, games, exchange, Sports Betting etc. Baztoken is in this crypto space to make a statement.

What I want to say is that Baztoken is a project with value driven features and we benefit the investors and the holders. We reward activities on our platform.

Q6 from Telegram User @alice_wonderland12

Addiction to gambling games could be a severe problem, how do you take part in ensuring the mental health of your user, is there a limit of hours played daily?

Chan Baz: To be very fair, it’s difficult to restrict or stop someone from playing the games they like. Because some of the gamers uses such time to keep themselves busy but however we care about the mental health of our users so we will look at the direction of setting a daily limit on certain games.

Serg | Satoshi Club: That’s a nice approach.

Chan Baz: We want our users to play and have funs and EARN money not to play and have depression. I also want to state that our bazbet.com platform PROMO message will be presented here first. We prepared it to start it from this group.

Serg | Satoshi Club: We are honored.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 80 seconds; a lot of questions were posted by Satoshi Club community. Our guests answered some of them.

Q1 from Telegram User @Cryptohunter2001

What is the Secret of $BAZT mass success? Because It’s price is rising dramatically day by day, please share the reason because i want to invest on $BAZT

Logic Master: Hardwork, dedicated team, excellent and unique use case, support from community et al.

Q2 from Telegram User @Jonahapagu

What is p2p betting and how does this work?

Logic Master: https://baztoken.io

 Q3 from Telegram User @Chinthaka93

Do you have any plans to attract non-crypto investors to BAZT project Because it is the success of a project to get more investors and who are still not in the crypto world specially as a new project entering to crypto field, you should be pleased when more non –crypto people attract to investing. What are the plans to increase awareness about BAZT around in non-crypto space?

Logic Master: Yes, we wish to extend our services to the global populace. With respect to this, we shall be partnering with many betting and sports platforms in order to accommodate and reach crypto and non-crypto participants.

Q4 from Telegram User @Idee01

How well does the Bazooka BAZT Team value and implement community feedback? As a huge fan, do you have a Global ambassadorial program or a referral reward system for your esport betting and ecommerce platform?

Chan Baz: Our project is nothing without community so our No1 priority is to make our community members glad by taking timely feedback from them. We are here today because one of our community member brought our attention to this great Satoshiclub for AMA. We are looking for real Global Ambassadors for specific regions and if you’re ready, you can join our telegram group and PM for further discussion.

Our bazbet.com platform has a referral system.

Q5 from Telegram User @imelruyi

You organized an AMA session very rewarding and received a lot of questions related to utilities and technology, future vision, …So now I want to ask what do you want to receive from the community?

Logic Master: What we need from the community is support, awareness and trust. With these three, success shall be our watchword.

Q6 from Telegram User @anshorrajib

Before open deposit, 2 June 2020 the price of $BAZT reaches $8…After an open deposit on 19 July 2020, $BAZT prices are dump 100%. And now the price is $BAZT =$0.19… Many investors lose, and many people are confused, why did this happen? Is the Bazooka team playing with prices?

Logic Master: Crypto currency market is a volatile one. Bitcoin once reached 3k$ from 20k$ price. We do not control market price; the dump is likely to have taken place because those who got the token for free sold. However, crypto market is volatile.

We do not wish to have our investors lose money that is why we are focusing on establishing use cases in order to improve the price and need for our token.

Q7 from Telegram User @CryptoCoin_hodler

Can you name some of Baztoken’s key achievements and what milestones are you currently working on?

Logic Master: We have successfully built a betting platform bazbet.com. We have successfully listed on 2 centralized exchange with good volume for months now.

We have successfully partnered with some projects in crypto currency and betting platform.

Q8 from Telegram User @Rmitch

I am aware that BAZT is currently traded on, Uniswap and Bilaxy. However, my concern is about the liquidity of BAZT. Although these ate good exchange but BAZT is still missing in most used exchange (BINANCE, Huobi etc.). So, what effort are you making in ensuring $BAZT get listed on other trusted exchanges so that users can have varieties of options to choose from while trading $BAZT token?

Chan Baz: Thanks for this useful question. As from tomorrow or in the next 2days we will commence a Big Trading Competition on Bilaxy in order to further improve our liquidity.

Secondly, we will read more Liquidity on Uniswap and start a massive marketing promotion, I hope you won’t get left behind because what’s coming is bigger and it will trigger the value to x.

On the issue of bigger exchanges like Binance, we don’t like to make empty and unrealistic promises by deceiving our community about listing on Binance, our target exchange is well known and Big as well. We have contacted them and just a little more time you will see BAZT in listed on this great exchange.

Q9 from Telegram User @HieuMinh1704

From a startup project to a mainstream project, being a pioneer in the industry, do BAZT team anticipate that many new startups will show up and compete?

Logic Master: Of course we anticipate competitors, it is an indubitable fact. But our uniqueness outshines and distinguishes us from the rest. We do not announce our plans upfront, we announce it as soon as it is matured for public disclosure, this remains our strength.

Q10 from Telegram User @Albert3990

I’m trader for ten years and work in many companies. I make a analyze and see the token bazt in the graphic, a huge down trend in long term. What the team is doing to change this scenario?

Chan Baz: Just like I said, we are commencing Big Trading Competition on Bilaxy in few days to increase liquidity and maybe price. Secondly, we have contacted great promoters who will help us spread the hypes about BAZT immediately we add liquidity on Uniswap.

Uniswap liquidity + Bilaxy trading competition + marketing promotion = more investors, traders, liquidity and price increase. We want Whale like you Lol.

Q11 from Telegram User @Kasril15

We know nowadays, DeFi is very booming right now. Will bazz become transform to DeFi too? Or making Bazz’s DeFi project maybe?

Logic Master: We will have a review as to how defi will affect BAZT positively, if our analysis and hypothesis comes out positively, we may consider defi, but presently we are not defi.

Chan Baz: You can buy Baztoken on exchanges and be sure you’re holding a real gem in your hand. We are launching a PROMO for our bazbet.com deposit BAZT and win $100k so I am dropping the information right away. Here are the few things coming in few days for this lower supply project.

🕹 BAZTOKEN PLAY AND WIN $100,000 🕹

HOW TO PLAY GAMES ON BAZBET AND WIN UP TO $100,000 USD

▶️ Go to https://bazbet.com/

Sign up and Login

Once you login to the website, Just follow these steps to play games and Win BIG

📹 Video Tutorial: Click Here

👉 Users can deposit BAZT automatically without manual adding of deposit address using METAMASK or TRUST WALLET.

(You must make sure you have Metamask/Trust Wallet connected to your browser and grant the BAZBET permission to be connected.)

👉For COINPAYMENTS: ETH/BTC/XRP/TRX/DOGE

(You can use any wallet that supports those cryptocurrencies. No need to sign up on coinpayments, just send your payment to the given deposit address)

💵BONUS

Get more credits when you Deposit using Coinpayments

❓HOW TO DEPOSIT

• Click on Deposit to copy the address of ETH/BTC/XRP/TRX/DOGE
• Deposit Minimum required in ETH/BTC/XRP/TRX/DOGE

(For BAZT, you don’t need to copy to deposit address, it will be processed automatically as long as BAZBET is connected to TRUST WALLET/METAMASK .)

• Go to games and start playing to WIN
• Make more deposit to play more games and Win
• Withdraw your WIN straight to your ETH wallet

PLAY AND CASH OUT BIG

THE MORE YOU PLAY, THE MORE YOU WIN.

PLAY AND EARN MORE WITH BAZTOKEN🔥🚀🔥💰💰

Chan Baz: 🔥APPRECIATION To SATOSHI CLUB COMMUNITY 🔥
👍We want to thank your community for your massive support. We will continue to come here to promote our BAZTOKEN.
🔥It can only get BoomZooka. 🔥🚀
💥This is just the Begining
💥Now Expect More Exciting News and Development🔥
✅Big Trading Competition on Bilaxy
✅New Liquidity on Uniswap
✅Bazbet.com (http://%E2%9C%85Bazbet.com) launch and PROMO
✅Another BIG Exchange
✅Marketing Promotion
✅Multipurpose APP launching
✅BAZT likely going to Defi updates after review
✅New roadmap updates
🗼Baztoken have team
🗼Baztoken have functional website
🗼Baztoken have Whitepaper
🗼Baztoken have usability in bazbet.com product already developed
🗼Baztoken listed on CMC & Coingecko
🗼Baztoken listed on 3 exchanges
Just stay with $BAZT where your investment is legitimate safe.
Lets BoomZookaa everywhere, with the good news
🚀🚀🚀🚀🚀🚀🔥💥🔥💥🔥💥🚀🔥

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Baz Token, a link to a Quiz form were sent into the chat. Participants had 10 minutes to answer. 300$ were distributed among the winners.

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Bazooka Global Community: https://t.me/bazookians

Today we would like to tell you about the AMA session with our friends from Barter Trade. The AMA took place on August 16 and our guests were Anurag Yadav ( CEO at Barter ) and Manmeet (Operations).

The total reward pool was $750 and it was splitted into three parts.

In this AMA Recap we will try to summarize some of the most interesting points for you.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Serg | Satoshi Club: Hello, dear community! Our guests today are from @BarterTradeofficial. They had a very successful public sale on 14th of August. Congratulations. I was lucky to be able to participate. 🙂

Irina K.| @Satoshi_Club: Congrats guys and thanks for joining us today.

Serg | Satoshi Club: @Yaanurag, @garlamw, @manmeetBT Welcome!

Manmeet: Hey @sspurss thanks for having us. Yes, sale was a great success and it was sold out under 30 seconds. Here are some stats from the sale. We reverted back 38000 ETH ($16.7m).

Serg | Satoshi Club: Wow. I didn’t see this numbers since the ICO era. 😁

Manmeet: Although it matters very little to us but BART is listed on uniswap and is trading at 4x the public sale price and 6x the pre-sale price. I can put in the link to uniswap if you would like.

Irina K.| @Satoshi_Club: How are you feeling? Is the party scheduled? 😊

Manmeet: Hah, fundraise is for the development of our project and further expansion but yea of course we will raise a toast for the success of this stage.

Anurag Yadav: Thanks Serg for having us here today. And, thanks for the kind words about the project. Yes, things have been successful. But, the real job awaits now. The job of going about delivering on all the promises we made.

Serg | Satoshi Club: I am really for happy for this success. Could you briefly introduce yourself?

Anurag Yadav: Sure. I’m the CEO at Barter. Been in the Crypto business for now nearly 5 years. Started a niche custom technology solutions development firm (www.primafelicitas.com) in 2013, with offices in San Francisco, London & Delhi. In 2016 we pivoted to Blockchain development and since 2018 being building products at the intersection of Blockchain, AI & IoT. Barter was conceptualized & incubated at PrimaFelicitas coming out of our frustrations with using existing Crypto Exchanges. The idea was to build a product that’s seamless & frictionless for the community.

Q1 from Telegram User @reidman_rosa

There are lots and lots of exchanges. It is hard to find something new. Most of the things or strategies are copied from other projects. What is your new input? how would you attract users to use your platform? Because many are already happy with the exchanges they have.

Manmeet: Yes, you are correct. Coming to the first part of your question: If you go deep inside the exchange market and try to understand it, you will know the bulk of the market is an empty shell. At Least 90% of the platforms are boxes filled with fake volumes, 0 liquidity, and No real products. The market is dominated by clones/ replicas of one another. Most of the exchanges don’t even have basic order types such as stop-loss let alone any real product. Leaving only a handful of exchanges that are real in terms of the user base, liquidity, and volumes but still some of them lack actual products that benefit users.

Check out this recent expose of a Top 50 exchange by our team member and Coinmarket cap appreciated it and promised to take action: https://twitter.com/ManmeetBRT/status/1275858676671078401?s=20 …Space is filled with such projects. This is the situation in the top 50 exchanges, imagine what else lies below and beyond.

As for the second part of your question: We have been working on this for the past 18 months. Completely self-funded.  We could have done an ICO in late 2017 or early 2018 but we didn’t because we faced and suffered on the hands of many projects that scammed people and disappeared into thin air with millions of $$$. We started this project in mid-2018 with an aim and vision that we will develop our project on our own money and then go into the market with a product that is not just a paper. Once achieved, then go for fundraising in order to expand, improve, and innovate the project further. Some people might say that why risk so much without any surety. Well, that’s that, there is no real answer to it but hey, we have reached our soft cap within the 5 days of the sale. We are not selling a paper during the IEO but instead, we have a product. We call it an MVP but it is a full product for many exchanges. A launch ready Spot trading platform with some of the unique Order types. Since we have a lot of features in the pipeline, therefore, we call it an MVP. Since we all (team members) are traders as well as early adopters and had the experience of trading on a number of exchanges. We always felt that there is a lot more to exchange and no one really concentrated on providing services to the users that users want.

Our aim from the start was to build products and features that help users and make trading easy. The first introduction to this was the build of the PIE order type. Then we wrote down the idea of Social trading, then algo trading further we worked on Battlegrounds, P2P lending, Marketplace, SAF (tokenized fund), EazyPay, and much more.

We pride ourselves in saying that we are an exchange that empowers users. We are not just another exchange but much more, a complete ecosystem of real trading products for traders. An Easy, Smart, Social, and Gamified way to trade cryptocurrencies.

Anurag Yadav: Also, to add to this, we are strongly driven by a very transparent platform with a real focus on solving the pain points in a very empathetic way. This is as I stated coming from our personal experiences and also because several of my team has been Traders for a long time both in Crypto & Traditional Markets.

Serg | Satoshi Club: since many members of this group are traders, I think it will be interesting for us to try it. Are there any restrictions btw? for some countries?

Anurag Yadav: The way we envisioned was that amateur/first-timer to professional traders all should like the trading experience. I would love to hear the feedback of the trader community here. 🙂

Manmeet: US citizens will not be allowed for starters. We will have a separate license and platform for them.

Q2 from Bitcointalk User nyosant

Barter Trade’s PIE orders go one step beyond OCO orders and allow to place a buy and sell order at the same time, but how is that even possible? I mean, how can you place an order to sell tokens that you haven’t bought yet?

Anurag Yadav: Thanks for asking this question. I really love to reply to this all the time. My fav!

Owing to time constraints, today’s traders are unable to conduct intensive market analysis. Whether it is executing a buy order at a bottomish price or a sell order at an expected top, traders often suffer losses and miss out on making potentially profitable trades due to high volatility in the crypto markets. Barter Trade PIE is an advanced market order for cryptocurrency traders which provides a solution for various unavoidable situations. The PIE algorithm allows users to place sell orders for their pending buy orders along with an option to put a stop loss to your buy, whilst the stop loss provides you with an option to either limit stop loss or trail your stop loss. Traditionally it is impossible to place the sell order unless your buy order has been executed because the most the market provides you is an OCO, which is one-cancels-the-other allowing users with the option to place 2 orders at the same time and not more but, the PIE algorithm solves this problem, by allowing users to place simultaneous buy, sell and stop-loss orders for a particular trade in a single go.

Manmeet can you please add the screenshot from the application to show this?

Manmeet: This screenshot is from the first version, the latest will have a lot of changes. As you can see in the image. it allows you place a buy order, than a stoploss to it (option to trail as well) and sell order for that as well. It works like an also.

Serg | Satoshi Club: That’s great. Is there smth similar in the market or you are the first ones?

Manmeet: We havent seen this order type in any of the exchanges.

Anurag Yadav: To the best of my knowledge, we are the first ones. I haven’t seen anything similar so far.

Manmeet: Having a stoploss on most exchanges is a privilege in itself.

Irina K.| @Satoshi_Club: Where did you get the idea? Can you share this story?

Manmeet: To be honest, it was just a random thought during the early 2018 days when the markets were too volatile and we had to sit in front of the screen all night because markets used to pump and dump like crazy. This helps avoid sleepless nights as you can set your orders in advance.

Irina K.| @Satoshi_Club: You’ll sleep much better now and your users as well. 😊

Manmeet: Hopefully, BTW this is a working product and not just a screenshot. Scheduled to go live in September.

Q3 from Bitcointalk User k.muller

30% of the tokens are reserved for the company and 12% for the team. This is a big amount. Tell us what do you plan to do with them once they are released? Do you plan to sell, hodl, invest?

Manmeet: These tokens are meant to use for the project development, team salaries and over all expansion of the company when we run out of funds in a worst case scenario. As you can see in the attached screenshot, the tokens have a 5 year vesting period for Project and 4 year vesting period for the team.

If the business flourishes (which it will) and there are no funds required from the company reserve than these tokens can be locked back after the unlock as this function is built into our contract.

Irina K.| @Satoshi_Club: Hopefully you won’t need it.Do you guys want to add something to this answer or can we proceed to Q4?

Anurag Yadav: Well, as you see from the long vesting period for the team that we are fully focused and committed to this long-term…and without sounding boastful, we do aim to be one of the top – clean, transparent, ethical & community-focused exchange (we call ourselves People First Exchange).

Irina K.| @Satoshi_Club: I think crypto space is in great need of this kind of projects. Kudos guys.

Q4 from Telegram User @aminapeter8

One of the feature of Barter trade exchange is eazypay which allows traders to share economy/ transact without involving third-party. My question is that how will barter trade solve the cases where disputes between buyers and sellers arise?

Manmeet: It is fairly simple and tried and tested method. Advanced Escrow system and on top of that a 24/7 support for fast resolutions.

Serg | Satoshi Club: So, you will have support which will available instantly to solve this.

Manmeet: Have you used local bitcoins? The process will be a lot similar to most extent. More features, better support, smoother experience and support for a number of altcoins.

Anurag Yadav: Yes, we will have a 24/7 customer support team. Multilingual….Of course, this Multilingual aspect will be introduced as our community grows into various languages.

Manmeet: Major difference will be that people who buy sell fiat on Eazypay will have the option to either withdraw that fiat to their bank account or trade it on our Fiat pairs.

Q5 from Telegram User @nata_jakarta

I am so mad because I missed the sale on 14th… and now the price is skyrocketing… Will I have any opportunity to participate in a sale you will be offering?

Anurag Yadav: I’m sorry to hear that you missed out on the opportunity to buy during the Public Sale. Actually, the Pre-Sale was completed in less than 90 min, the Public-Sale is less than 30 sec. Yesterday the price was close to 5.5X and today it is well above 4X. So, at this point, my suggestion would be to buy it in the open market.

I do want to add, we love community members like you who support the project and keep tracking things. All the best with the purchase.

Serg | Satoshi Club: Do you plan to attract strategic investors in the future? do you have some tokens allocated for them?

Anurag Yadav: As you might have heard us say that we self-funded the entire project for the past 18 months (since inception) and didn’t fall for the lure of IEOs etc. We were heads down focused on building the tech – a solid product to show to the community and not just a project on paper. So, we basically bypassed the Strategic investment stage through our own funds. With the current round of sales, we are good to run the company and meet our expenses going forward – as per the plan. Any new funds injection would be mostly through VC route.

Serg | Satoshi Club: So, everyone who wants to invest should buy in the free market now. 🙂

Q6 from Telegram User @Aleurich

How is the deflationary mechanism of $BART? Are there any benefits for long-term holders?

Anurag Yadav: For this, we have a re-purchasing plan. Every quarter, at least 15% of profits will be used to buy back BART and burn them until 50% of all BART have been repurchased and destroyed so that only 120m BART remains after this exercise. All buy-back transactions will be announced to the community prior to occurrence. Users will be able to review the buy-back via Blockchain explorer.

So, the long-term holders will benefit from both the value appreciation and also from the utilitarian component of the token which we intend to add.

Serg | Satoshi Club: Good opportunity for the long term hodlers.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 80 seconds; more than 500 questions were posted by Satoshi Club community. Our guests chose some of them.

Q1 from Telegram User @yadav_199

As I know Bartertrade is registered in Estonia, but you guys are Trying to register in Dubai and Hong Kong soon, so why question is why question is why you guys need to change your registered country? Due you guys faced legalization issue? On which market you guys are focusing on now?

Manmeet: There are no legal issues but the thing is there are restrictions for some countries if we operate just from Estonia. To provide service to maximum number of countries, we need to be flexible be registered in other places as well.

Q2 from Telegram User @Eva990

There is plan does Barter Trade intend to do like staking $BRT, lending or something similar?

Manmeet: Staking is coming very soon for BART holder. This not officially announced yet but it will be available very soon. Sooner than we launch our exchange in September.

Q3 from Telegram User @Nickkiii

Kindly explain how ALGO TRADING works?

Anurag Yadav: Some of the salient features that will benefit the Trading Community:

• Improve risk-adjusted portfolio yields.
• Leverage high-frequency trading, deep Blockchain analysis, and information unavailable even to seasoned traders.
• Automate risk management, maximizing returns while giving investors control over risk appetite.
• Simply investing (set it and forget it) while retaining control of risk appetite. Turn on conservative hedging against fiat, more opportunistic strategies, or turn off the Algo anytime to simply hold.
• Multidimensional strategies best handled via high frequency, data analysis by AI. For example, Algo AI may take a long position on an altcoin rising against Bitcoin.

On a crypto bear indication, the AI gracefully exists to a long Fiat, then uses Fiat gains to enter a stronger position in Bitcoin upon bull crypto indicators.

• Higher risk-adjusted return by leveraging both fiat arbitrage and trading opportunities (dips and rises in the market).
• Automatically fund trades via exchange tokens, simplifying trading even further.
• Query detailed information and analysis about markets at any time, providing detailed block analysis unavailable to most traders.
• Cross-exchange trading to boost gains even further

As you can read above, the AI is smart and scalable. It is not a basic trading bot where you inject tech indicators. The AI takes into account 100’s of metrics, Blockchain analysis, Multi-exchange order book analysis, Technical analysis, Statistical anomaly analysis, Stable coin arbitrage, and Overall supply, demand analysis, and whatnot.

Q4 from Telegram User @martindouglas2

You plan to open P2P lending. Will that process be automated and will you offer some liquidity or will it be purely P2P? Will margin lending be allowed on the platform or only spot rates?

Manmeet: As you all may know, lending in general is a passive way to earn income on your savings or holdings in Cryptocurrencies by lending it to others and earning interest on it.

Our P2P lending will be a fairly decentralized process although it will be on a centralized system. Barter Trade’s P2P lending will go hand-in-hand with the margin trading on Barter Trade’s platform. Barter trade’s p2p lending will allow users to earn interest on their cryptocurrencies by lending it to other users with the option to select the different cryptocurrencies, stable coins, time period to lend (min to max), and the interest rate lender wants to charge the borrower. On the other hand, Margin trade allows users to trade with borrowed funds. The lending amount will be available to the users for margin trading who will pay the interest on the borrowed amounts. Barter Trade will connect lenders (willing to earn interest on holdings) and borrowers (willing to do margin trade) peer to peer according to their orders placed in the order book. The lending amount will be available for borrowers as a whole or in partial amount as per the required conditions. If the borrower opens a position that requires a portion of the lent amount, Barter trade will allocate that portion to the borrower, and the rest of the lent amount will be available for other borrowers.

Regarding the Question of Liquidity, yes we will have our own liquidity but our interest rates will be fixed but on the other hand, the users on the platform will have the ability to set up custom interest rates for the amount hey wanna lend or borrow.

Q5 from Telegram User @MrHappy1997

From a startup project to a mainstream project, being a pioneer in the industry, do BART team anticipate that many new startups will show up and compete?

Manmeet: We believe that if you are competing with someone then you are already lagging behind. We like to walk in our own lane and keep working heads down. Building our products in time and make them available in the market. We strongly believe that if you provide products that actually benefit people. People will automatically come and use your platform.

Q6 from Telegram User @Momjk

What are you most excited about Barter Trade’ features?

Manmeet: I am most excited about Social trading as it benefits all type of traders. Professional traders provide services to novice traders in a transparent and most efficient manner. While the novice/noob traders get to follow highly experienced traders based on their performance. Here is the detailed explanation of social trading.

Social trading is a unique way to Trade, Learn, and Earn alongside your fellow traders. One aspect of social trading is copy trading. Copy trading allows you to copy other successful traders or monetize your own trading strategies if you are a good trader yourself. No need to follow a paid group leader anymore. Follow people that really trade.

 Choose your trader based on a number of metrics i.e. Profitability, Max losses, Account Life, Pool balance, No. of followers, Trade history, Traders fee, Account’s Risk score thus reducing the risk of the following someone substantially, highlighting transparency and helping people make better decisions based on real-time market and performance data.

Benefits for the followers:

1. 1: Hassle-free trading experience. Click follow and start trading.
2. 2: Follow the most successful/profitable Master traders from the leaderboard.
3. 3: Choose the best trader for you based on a number of metrics mentioned above.
4. 4: Cancel your subscription anytime.
5. 5: Follow people that really trade.

Benefits for the master trader:

1. 1: Earn income just by sharing your trading history, performance data, and allowing people to follow your trades.
2. 2: Set a standard fee for following you or a % commission on the amount of profit, traders earn by following you.
3. 3: Earn a 40% commission on trading fees generated from the list of your followers.

Other aspects of social trading will include products related to mutual investing/ First introduction to this list is SAF i.e. smart assets fund

Barter Trade’s SAF is an individual managed tokenized Fund Market consisting of one or a number of cryptocurrencies. In simple words, SAF is similar to mutual funds but built on the concept of tokenization. A SAF trader is a Portfolio manager with whom other users can invest their cryptocurrencies. SAF provides the users with little-to-no experience an opportunity to trade alongside highly professional traders. Every fund listed on the SAF market is tokenized and reflects as a token on the SAF markets. Barter Trade SAF’s is highly unique and advanced as compared to traditional markets, a user never directly invests in a SAF and loses hold of his assets at any time but instead he/she follows a SAF which would be based on a number metrics i.e. Type of assets, Past performance, Experience of the trader etc. This gives the user power of exiting the SAF at any preferred time. The SAF market will be highly sophisticated where our system will analyze the real time data and performance of the market and the performance of the FUND will reflect on the graphical chart. Every listed SAF would reflect:

1. Current portfolio
2. Past Performance
3. No of followers
4. General information of trader i.e. Social profiles, experience etc.

SAF’s market will leverage traders in making smart decisions while choosing where and when to invest. We all know that the crypto community is filled with noise and scams of paid groups. Every other person with zero to no TA or FA knowledge claims to be a crypto guru. SAF would widely help reduce that noise and bring stability to overall sentiment of the crypto traders because the users will be following a SAF based on real time performance data which will reflect on the trading chart. Additionally, SAF hugely benefits the portfolio managers and adds a lot of value to their trading. There are several benefits that traders obtain for running a SAF. These include

1. 1: Commission on trading fees
2. 2: Commission on Profits earned
3. 3: Respect among traders

Q7 from Telegram User @philicrohit

Recently BRTX burned 191,540,687 token, how it was decided to burn this much quantity of coin, do you have more planed buyback and burn program in future?

Manmeet: This question is not selected but answering anyway: You need to read our article explaining the burn. This burn has nothing to do with our Main Token.

Q8 from Telegram User @kaltumia

Common needs of exchanges are server overload protection and liquidity resolution. How does Barter Trade solve server overload and liquidity issues?

Manmeet: We will start by explaining why most exchanges have a lack of liquidity and what are the major reasons for it.

1. 1: Not enough traders to trade the assets
2. 2: Not enough volume or Fake volumes.

For any exchange to be successful. It needs to have a deep and liquid market.

Deep: A market with many buyers and sellers

Liquid: A market were assets can be bought and sold quickly.

To ensure Traders, we are partnering with a number of projects with an agreement which will make our exchange the first exchange partner for them. Meaning, our exchange will be highlighted as the preferred exchange within their communities. Announcements for some of these partnerships are already out and some will start rolling out in the upcoming weeks. We will also be partnering with a number of influencers to get the word out about our exchange, its products and why it stands out. Apart from this, there are a lot of other activities to bring users. On top of course, features of our platform that people would want to use to make their trading easy. Additionally, a lot of targeted marketing that will start post launch.

Where else does the liquidity come from? Some overview and then the answer:

For any trading markets it is estimated (although we are giving a conservative estimate) that ever 1$ that is being put in the trading markets it is being traded at least 10 times (in traditional markets it is estimated at 200 times) meaning, if we are putting $1m of real liquidity in our platform our Real/volume would be at least $10m if it is being traded for. Whilst we intend to do a lot more in terms of bringing in liquidity. This is just an example. Our goal for the first 2 years is to bring $50m of real liquidity of our own and if we achieve half of it that would mean we have done incredibly well. Apart from this, a lot of other factors will add to this, market sentiment, growth of projects listed on our platform, growth of our products. Combining these, exact estimates are impossible.

2nd thing, which is the professional approach for bringing legit liquidity. We will be partnering with a number of Liquidity providers, one of them being Houbi mena. Most liquidity providers provide liquidity options for top 20-30 coins on CMC but Houbi mena provides liquidity for 200+. This provides us with an option to list a lot of alts that are micro caps and are in high demand.

 Why do most exchanges fail to achieve this? I.e. Liquid books.

There are only a handful of exchanges that have liquid platforms. It is because Projects don’t really spend money on things that users want. Many popular exchanges don’t even have a stop loss order integrated into their platform let alone other order types. Imagine, if someone is not spending money on developing a basic order type, which is fairly cheap to do so if you are doing an exchange business, then how can you expect them to spend money on liquidity, which is fairly costly. The answer to this is, they can do washtrading and fake volumes. Faking volumes and doing wash trading is incredibly easy and cheap. So, most of these platforms that you see in top 50 all of a sudden are results of wash trading because wash trading volumes have no limit. If you trade in those exchanges you will see that your withdrawals will mostly be stuck for a number hour to days. This is because of fake liquidity on these exchanges and lack of real volumes in their cold wallets. These are just some of the things to answer your questions, Although, no exchange talks about these things because if they do, users will become knowledgeable of their operations and then they will have to answer a lot of questions.

See for example FTX is just a yearold exchange and already among the top exchanges, reason being, delivering quality products and fulfilling user needs. If you offer something that the market lacks, users will consume it irrespective of your entry to the market.

Q9 from Telegram User @kaltumia

Common needs of exchanges are server overload protection and liquidity resolution. How does Barter Trade solve server overload and liquidity issues?

Manmeet: Apart from this, there are a lot of other things that we will do to combat those things but they are confidential due to NDA’s and security reasons but their effect will reflect on the platform when it is live. For server loading etc: We have a highly efficient team that working round the clock to manage that and scale servers real time in a situation of high traffic.

Q10 from Telegram User @sivaa32

We all talk about Positive points/Pros/Good Points & Features of any Project, no one Project tell about their Cons. So can you tell us Honestly the Cons & Lacks of BART?

Anurag Yadav: Thanks for asking this question.

I think the way we presented ourselves during the days could have been much better. I remember 3 months ago when we started approaching communities, influencers, we didn’t get a lot of support. In addition, after having put in all our money in building the tech, we are still a little less confident about user acceptance since the Exchange Market is very crowded and there are so many of us.

But, the overwhelming support of the community and how things have shaped up, and how influencers etc., have approached us has been really very satisfying. And, it makes us feel a lot confident as we go about delivering on the promises we made.

No one is perfect, neither we are. But, we have been very proactive in trying to stay ahead of regulatory needs and address any issues that might arrive. We continue to learn and grow from that perspective every day. The good thing is we are a group of very humble folks always willing to learn and open to feedback. So, for most things/changes on our platform, we have the setup to seek community feedback and affect them.

Q11 from Telegram User @Devil_Crypto

Future trading is currently new trend, So, what are your impressions and opinions on newer exchanges doing Futures Trading?

Manmeet: Futures is one our priorities as we see it is in trend right now. We expect it to launch ahead of the scheduled date. There is currently a lot on our plate but we are sure that we will be able to make it happen ahead of the schedule.

Q12 from Telegram User @melanintrish

Could you please tell me just a little more about the BarterTrade team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.

Anurag Yadav: Well as I stated in one of my earlier responses that our team comprises of seasoned traders. Some have been avid Crypto Traders since 2014 or so and few of them go back even further (as Stock Market Traders) to 2005. So, our team comprises of solid folks there. Besides, our Tech team has been hard hitters they have already built a variety of Blockchain-based products for clients in the past few years, so have strong know-how and expertise there. Background-wise, I’m a Stanford University graduate and an Engineering Undergrad from IIT (India).

So, all in all, we have a very solid team that has gotten us this far, and we will surely be looking forward to adding more people to make this team even stronger.

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Barter Trade. A link to a Quiz form were sent into the chat. Participants had 10 minutes to answer. 450$ were distributed among the winners.

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

BarterTrade.io: https://t.me/BarterTradeofficial

“Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” -Albert Einstein said. SatoshiClub always does its work and doesn’t stop questioning! Today we would like to tell you about the AMA session with our friends from RioDeFi. The AMA took place on August 17 and our guest was James Anderson CEO/CO-FOUNDER at RioChain.

The total reward pool was 600$ 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 the Telegram&Bitcointalk community

Serg | Satoshi Club: Hello dear community! Our guests today are from @Riodefiofficial. Welcome to Satoshi Club, @LibertyBuddhist !

James Anderson: Hello everyone! It’s a pleasure to be here 😁

Serg | Satoshi Club: We are glad to have you here as well 😁

Irina K. | @satoshi_club: Hi everyone and welcome. Welcome @libertybuddhist :blush:. Thanks for joining us. How is your day @LibertyBuddhist ? Or night 😀

James Anderson: It is night in Hong Kong 🙂 It’s 9pm here in Hong Kong 😉

Serg | Satoshi Club: Please introduce yourself and Rio DeFi

James Anderson: It’s wonderful to be here and engage with this vibrant community! I’ve been in the blockchain space since 2013, when I first purchased some Bitcoin. I also invested in Ethereum back in 2014, and I made blockchain technology a full-time profession in 2017, when I created a business called Blockchain Investor to teach people how to securely purchase and store cryptocurrencies and research projects. I then co-founded a business called Social Evolution, where we worked to bring Decentralized Autonomous Organization (DAO) technology to traditional businesses. In 2019, I co-founded Rio DeFi, the company that created Rio Chain and incubated MANTRA DAO.

Rio DeFi is a Blockchain technology company. Our mission is to accelerate the mass adoption of digital assets by bridging traditional and decentralized finance.

Our vision is a world in which everyone has access to decentralized financial (DeFi) services. To that end, we develop applications that connect people to digital assets, mobile payments, and DeFi services such as savings and lending. Our solutions enable lower transaction fees, faster confirmations, energy efficiency, secure storage, and global reach.

Serg | Satoshi Club: I see that you have a lot of experience in crypto. Is Rio a project which was born after realizing the problems we are facing in the crypto world?

James Anderson: That’s correct. After being in the blockchain space for so long, I’ve run into a lot of issues. I like to consider myself to be somewhat tech-savvy and I tend to be an early adopter on things, but even I find many dapps to be complicated and cumbersome to use. We’re seeking to make cryptocurrency A LOT simpler for the average person to use.

Serg | Satoshi Club: that’s an important step towards adoption 🙂

Irina K. | @satoshi_club: That’s a good direction. Without design and friendly usage common people will not use this powerful tech

James Anderson: We do this in a few ways, such as providing free Rio Fuel (RFUEL) in every unique mobile wallet so users can try dApps without having to first buy cryptocurrencies, using an OAuth wallet login solution where users can use their Gmail or Facebook account to manage their wallet & private keys, and focusing heavily on user experience in everything we build.

Q1 from bitcointalk user kahlerr

“To ensure scalability, security, speed (2s/block), and transaction throughput (up to 3,000 TPS), Rio Chain adopts a federated model.” You said here what do you want to achieve but you didn’t say how? What is the federated model and how will it help you?

James Anderson: In phase 1 of Rio Chain, we’re utilizing a Proof of Authority consensus mechanism, which was a term coined by Gavin Wood, the creator of Polkadot. In PoA-based networks, transactions and blocks are validated by approved accounts, known as validators. Validators run software allowing them to put transactions in blocks. The process is automated and does not require validators to be constantly monitoring their computers. It, however, does require maintaining the computer (the authority node) uncompromised.

Within 3-6 months, we’re planning on moving from PoA to a Nominated Proof of Stake (NPoS) system, which is the consensus model being used by both Polkadot and Kusama. We think this model does a great job of balancing network efficiency, governance, security, and scalability.

Irina K. | @satoshi_club: So NPoS = federated model?

James Anderson: PoA is more of a federated model, whereas NPoS is more decentralized.

Irina K. | @satoshi_club: oh, ok. Got it. So what you’ll de doing actually will be to move towards a more decentralized consensus mechanism
From a federated one. Is that correct?

James Anderson: That’s correct. https://101blockchains.com/federated-blockchain/#:~:text=Federated blockchain examples will remove,the network for their benefit.
^ this is a great explainer of federated blockchains

Q2 from bitcointalk user AndresM77

Can you list 1-3 main features of RIO DEFI that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most remarkable about?

James Anderson: Scalability (up to 3,000 TPS), Speed (2s block times), and Interoperability with other blockchains are our 3 main competitive advantages, but I’d also like to highlight our security – our blockchain has been audited by CertiK, one of the leading blockchain security firms – and we also give 20% of all transaction fees back to the dApps that generate the fees.

Serg | Satoshi Club: this last feature is interesting. I didn’t see it before

James Anderson: It’s sort of burried in the whitepaper haha

Serg | Satoshi Club: so basically you are encouraging the projects to use the blockchain

James Anderson: But we think it’ll really attract the best developers and projects to build on Rio Chain, because they’ll get financially incentivized to do so we think those dApps that bring the users should be rewarded for it rather than just pay HUGE gas fees all the time. Rio Chain’s fees are quite low (starting at 0.1 RFUEL, which will mean it’ll be just pennies to send a basic transaction). This can also be changed over time quite easily since Rio Chain features an easy upgrade process.

Q3 from Telegram user @JP_Morgan_Chase

How does Rio Chain encourage users to drive its ecosystem and use apps?

James Anderson: Great question! First and foremost we’re incubating dApps by working closely with the entrepreneurs & teams who’d like to build on Rio Chain. Especially during these early phases, we think it’s hugely important to have AWESOME dApps on Rio Chain. That’s why we incubated MANTRA DAO, which is shaping up to be one of the hottest DeFi applications launched in 2020. We think user experience, simplicity, accessibility, and scalability are necessities for mass market applications, that and they need to be enjoyable to use.

Serg | Satoshi Club: Some part of it we already discussed, haha

Irina K. | @satoshi_club: But maybe there is more to that, @LibertyBuddhist we love secrets here :heart_eyes:

Serg | Satoshi Club: We are kinda making it a tradition. During every AMA, the projects are telling us a secret, an information which is not public yet 🙂

James Anderson: Ooo… I may have something for you then. I’ve been sitting on a massive announcement waiting for the right time to share it.

Serg | Satoshi Club: We are excited to hear it

James Anderson: Okay… remind me at the end so we can end on a high note 😏

Serg | Satoshi Club: sure 🙂

Q4 from Telegram user @abedmahmud

How is the interaction with other blockchains happening and what’s it purpose? Why would I use RIO Chain and then interact with Ethereum rather building on Ethereum from the beginning. Thanks!

James Anderson: Your community always asks good questions. We love doing AMAs here! So one of the reasons to choose Rio Chain is that it’s built for business. Ethereum only has a throughput of 17 TPS, whereas Rio Chain can process up to 3,000. It’s also a lot faster, with block times around 2 seconds. When Ethereum network congestion is high, transactions with otherwise normal gas amounts can take hours to process. And the high gas fees make many Ethereum dApps way too expensive for the average consumer. If it costs me $5 to breed a CryptoKitty that I can only sell for $1, I’m much less likely to try my hand at virtual kitty breeding. During the bull market in 2017, I actually spent around $1,000 on Crypto Kitties…

Serg | Satoshi Club: you are a kitty lover I see

Irina K. | @satoshi_club: Was it worth it?

Serg | Satoshi Club: I have bought one actually at the beginning. I should check through my wallets maybe it is worth smth now, after this years

James Anderson: I didn’t get any rare breeds

Irina K. | @satoshi_club: Could you elaborate a bit how interoperability between blockchains work? Rio chain and other blockchains

James Anderson: It’s a bit technical, but here goes. Rio Chain is a Parity Substrate-based blockchain that utilizes Polkadot technology for its cross-chain compatibility. Polkadot is a sharded blockchain based on the thesis that the world will have several blockchains that need to interact. Polkadot unites scalability, interoperability, and security. The Polkadot network uses a sharded model where shards – called “parachains” – in the network have unique state transition functions (STF).

Based on Polkadot’s design, as long as a chain’s logic can compile to Web Assembly (WASM), then it can connect to the Polkadot network as a parachain. Polkadot has a Relay Chain acting as the main chain of the system. Parachains construct and propose blocks to validators on the Relay Chain, where the blocks undergo rigorous availability and validity checks before being added to the finalized chain. As the Relay Chain provides the security guarantees, collators don’t have any security responsibilities, and thus do not require a robust incentive system.

Rio Chain is planning to become a Parachain of the Polkadot network.
Additionally, we’ve created what we call a Generic Asset Gateway. For cross-chain interoperability, the core developmental task is designing how to bring one blockchain’s assets onto other blockchains in a secure and transparent manner. Currently, many blockchain networks are pursuing “trustless” cross-chain approaches, such as Lightning Network and Liquid sidechain. But, after years of development, such applications are still not mature enough for mainstream adoption. Either the user experience is too complex, or there is not enough functionality to cover the cross-chain assets. We prefer to adopt a Federation based cross-chain mechanism(Federated Blockchain). In its initial phases, Rio DeFi is utilizing cold storage multi-sig wallets secured and insured by Hex Trust, a licensed Hong Kong trust company. This process creates a seamless, cross-chain transfer link, ensures security, and eliminates the risk of a single point of failure.

Q5 from Telegram user @ACMILANfanatico

You say that you will distribute RFUEL for new users registration. How much was distributed until now? Also, there are 350 million RFUEL reserved for staking. How much is stil left and how is the process of staking? I want to try it

James Anderson: For both questions, no Rio Fuel (RFUEL) has been distributed so far as we haven’t had our Token Generation Event (TGE) yet. 5% of all RFUEL will go to these new wallets, 10 free RFUEL per wallet, which is enough to process 100 basic transactions. 5% = 50 Million RFUEL, so that’s enough for 5 million wallets.

Serg | Satoshi Club: when will it happen btw? the TGE

James Anderson: This depends on a number of factors, including the token sale timeline, so it’s too early to give an exact date yet; however, our plan is to have TGE before the end of October.

Irina K. | @satoshi_club: What about the staking process? Can you tell us how will it work?

James Anderson: Staking Rewards: 350 million RFUEL (35%) will be distributed to those staking RFUEL and validating transactions on the network. The APR generated through staking will vary depending on the staking year and the total % of staked RFUEL.

Serg | Satoshi Club: Me and Irina just came across a scenario: You are giving 20% of the fees to the dapp, right? A type of dumping scheme: the dapp encourages users to spend the gas on their dapp. In this way, they will give their free gas to the dapp. what do you think? And dapp will give a part back to the user

James Anderson: It’s definitely possible, but they’re also giving 70% of their gas to the Rio Chain validators and 10% to the Rio Ecosystem Fund (for grants), so they’d be enriching the whole ecosystem while burning RFUEL. When it comes to the promotional RFUEL, this does present a potential gaming of the system, so we may need to restrict the 20% RFUEL rebate to only come from the normal unlocked RFUEL rather than also from the 5% promotional RFUEL. Nice find!

Serg | Satoshi Club: I am glad we helped you find this

Q6 from Telegram user @eylem201

What critical problems do you see occurring in the blockchain industry nowadays and why we need a DeFi solution in blockchain ? What’s your aim to solve these problems & how will you solve?

James Anderson: Some of the critical problems in the blockchain industry are complexity / poor user experience, lack of scalability (clogged networks), and high fees. We love all of the “DeFi Money Legos” built within the Ethereum network, and we plan to integrate with many of them, including Compound & Aave; however, we think that the #PolkaDeFi ecosystem will grow to be even bigger in the years to come. That’s why we created Rio DeFi using the Substrate framework. We think the future of blockchain is cross-chain compatible, because many blockchains have unique advantages that make them valuable.

Irina K. | @satoshi_club: Why do you call them DeFi money legos?

James Anderson: Here’s a great answer from an article I really like – “If you played with legos as a child, you know that you can combine them in new ways every time. The same pieces that were a car yesterday can be a space ship today! Each piece can plug into the next, be separated and used in an essentially infinite number of ways. In systems design, this is called composability. A composable system provides components that can be chosen and combined to suit a specific purpose.

Ethereum has been called a “money lego” platform by Ethereum influencer Ryan Sean Adams among others. In the lego world, ETH is the flat piece you can build your world on. Decentralised Finance (DeFi) products, based in the decentralized stablecoin “DAI” in particular, have been hailed as immensely interchangeable financial products.” https://www.asiablockchainreview.com/money-legos-defi/

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Nilwan

STOP SCROLLING & READ THIS SIR

I’m very interesting with your your project🤩

As a community,. How to support your Project??? :muscle::sunglasses:
What should we do to help, to increasing, to gaining ,to grow up your Project??:rocket::rocket:
How to make contribution to your Project?? What should we do in order to make your Project become the biggest, the greatest potential Project now and then????
Tell me your killer strategies

James Anderson: Alright, you win sir! I’m a huge sucker for emojis and you got me. Although I hope I don’t create too much chaos and precedent by picking this one first haha.

AMAs are one of our best strategies for reaching crypto users and gaining incredible feedback from many crypto communities, so we’ve got a bunch of them lined up in the coming weeks. Please make sure you all join our Telegram Group – https://t.me/riodefiofficial – and tell your friends about Rio Chain and Rio Fuel!

Q2 from Telegram user @tungvodoi206

What are the benefits to any decentralized application project using Rio Chain core technology?

James Anderson: The benefits include using a blockchain with low fees, fast speed, high TPS (scalability), getting a 20% of the RFUEL their dApp generates, and being able to more easily interact across the Polkadot ecosystem.

Q3 from Telegram user @cryptoenthusiast1200

What are your plans to educate and raise awareness and adoption among the community to make more people understand RioDefi and its technology?

James Anderson: AMAs, working with Influencers & Key Opinion Leaders (KOLs), sharing with our MANTRA DAO community, working with industry-leading marketing & PR firms, partnering with institutional investors, and incentivizing people to promote Rio Chain through various referral programs.

Q4 from Telegram user Nstila Vitu

Can you give me a clear understand about the Rfuel and the relationship with Rio DeFi?

James Anderson: This is a sneak peak from our pitch deck

Q5 from Telegram user @toanphamhd

What are your major goals to achieve in the next 3-4 years? What are your plans to expand and gain more adoption? How do you elevate crypto participants’ understanding about project?

James Anderson: We seek to be a top 20 project by market cap within the next 2-3 years. We think of ourselves as a cross-chain, Polkadot-compatible version of Crypto.com, but also with third-party dApps and licensed cryptocurrency exchanges in both Estonia and Singapore (licenses pending). https://www.mas.gov.sg/regulation/payments/entities-that-have-notified-mas-pursuant-to-the-ps-esp-r

Q6 from Telegram user @iam12312

Can You talk about some Dapps development on your Platform?
What role its Native Token plays in the ecosystem?

James Anderson: Great question! We currently have 4 dApps building on Rio Chain. 1) MANTRA DAO, a DeFi DAO built for staking, lending, and governance within the Polkadot ecosystem. 2) Bitpool, a blockchain-based predictions platform that rewards users for correctly guessing whether the price of Bitcoin and other cryptocurrencies go up or down. 3) KQJ (King, Queen, Joker) – an Ecommerce game where users can guess a card and lower the purchasing price of a Bitcoin. 4) A yet-to-be-announced predictions game for world events.

Q7 from Telegram user @Alika061

Rio DeFi facilitates cross-chain transactions and bridges blockchains with traditional financial systems. What method do you use to make this link with the traditional system?

James Anderson: You guys are really encouraging me to share all of our currently confidential pitch deck slides

Q8 from Telegram user @Siocis

Southeast Asia is a very challenging market and many are competing campaigns here to attract investors; users and grow; with $Rio do you see how Southeast Asia is and do you plan to develop & update here?

James Anderson: We are definitely focusing on rapid expansion across Southeast Asia. Our company is based in Malaysia, and many of our staff work in Hong Kong and Shanghai. We think Asia has been leading the trend of mobile payments and FinTech, so we’re really excited that many of our MANTRA DAO community is based in India, Vietnam, and other SouthEast Asian countries (as well as globally).

Q9 from Telegram user @raptarabbu

AMA session very rewarding and received a lot of questions related to utilities and technology, future vision,
So now I want to ask what do you want to receive from the community?

James Anderson: Your love, support, and insightful questions

Q10 from Telegram user Club 27

What is Rio Chain and what is Rio DeFi? do they synergize in the existing ecosystem?

James Anderson: Rio DeFi is the name of the company that built Rio Chain, and it’s also the name of the ecosystem of which Rio Chain is a part. Other technologies within the Rio DeFi ecosystem include Rio Wallet, Rio Exchange, Rio Pay, and Rio Block Explorer.

Serg | Satoshi Club: Thank you! It was awesome, @LibertyBuddhist ! Would you like to address the community before we open the chat?

James Anderson: One more thing…

Irina K. | @satoshi_club: One more thing left for tonight: it’s secret time

James Anderson: The secret message! Okay, so I’m pleased to break this news to the Satoshi CLUB community, because you folks all helped make MANTRA DAO a huge success.

The Rio Fuel (RFUEL) pre-sale is ONLY available to those staking OM Tokens, and it will be at even cheaper prices than the private sale purchasers get!

• 

Serg | Satoshi Club: so, the winners in the Mantra Dao AMA, hodl your tokens!!!

Irina K. | @satoshi_club: That’s a great sign of respect for the community! Wonderful news

Part 3 – Quiz Results

In the final part we would like you to check your knowledge in terms of RioChain. 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 framework does Rio Chain use?
A. Solidity
B. Substrate
C. Graphene
D. Hyperledger

Q2

How long does it take Rio Chain to process blocks?
A. 10 minutes
B. 30 seconds
C. 10 seconds
D. 2 seconds

Q3
What did Rio Chain prioritize during its development?
A. Security
B. Speed
C. Scalability
D Interoperability
E. All of the above

Q4
What’s the name of the hot DeFi project building on Rio Chain?
A. MANTRA DAO
B. Cosmos
C. Kava
D. DIA

Answers
1.B
2.D
3.E
4.A

• 

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/

Our partners:
RioDeFi Community: https://t.me/Riodefiofficial

SatoshiClub keeps moving forward, opening new doors and welcoming everyone who is going to join us in this amazing AMA marathon! Today we would like to tell you about the AMA session with our friends from Velas. The AMA took place on August 14th and our guests were Shirly Valge – Velas Project Lead, Kalani Moe – The Global Marketing Director for Velas, roman_tik – Velas CTO, Nikita Romanov – principal data scientist of AI team.

The total reward pool was 500$ 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 the Telegram&Bitcointalk community

Serg | Satoshi Club: Hello dear community! Our guests today are from @velascommunity

Irina K. | @satoshi_club: Welcome, friends

Kalani Moe: hello everyone

Irina K. | @satoshi_club: Thank you for taking the time to join us

Serg | Satoshi Club: We are glad to have you here. Please tell us a bit about yourselves and about Velas

roman_tik: hi everyone!

Irina K. | @satoshi_club: Who’s gonna start? @roman_tik @shirlyvalge @liftedbreed

Shirly Valge: I’m Shirly, Velas Project Lead, based in Zug, Crypto Valley, in our HQ. We have today our Global Head of Marketing and CTO and expert of A.I joining this AMA

Kalani Moe: My name is Kalani moe im the global marketing director for Velas been in blockchain for 5 year before working at Velas i also started a project called Divi where i was also the maketing director as well. happy to join you today and speak with this community.

Irina K. | @satoshi_club: Nice, thanks for sharing

Serg | Satoshi Club: what is the idea behind Velas? How did you start it?

Irina K. | @satoshi_club: Looking forward to @roman_tik ‘s intro as well

After that, we can start with part 1. We have 6 questions from our community

Shirly Valge: @nromanov1 our official A.I expert

roman_tik: Sure 🙂 Im the Velas CTO, joined the team recently, together with my extensive and technology-heavy work in blockchain, trading platforms and cybersecurity projects development experience! Happy to be here today!

Nikita Romanov: hello! I’m principal data scientist of AI team and working with Z-Union team

Serg | Satoshi Club: Nice to meet you, Nikita!

Q1 from bitcointalk user elimperiocontraataca26

How did Velas come up with the unique concept of implementing Artificial Intuition in the Velas ecosystem?

Shirly Valge: It all started from realising that Blockchains nowadays are still running to issues like centralisation, 51% attack, and scalability.

Serg | Satoshi Club: would you like to add more details to this question? or this is the full answer? 🙂

Irina K. | @satoshi_club: Maybe you can share how Artificial Intuition is solving/ dealing with this issues?

Shirly Valge: We investigated how to solve these different issues, and Artificial Intelligence has been evolving last 10 years, but the problem with artificial intelligence is that it’s data consuming, so artificial intuition is the answer, as it’s decentralised artificial intelligence

roman_tik: yeah, and the marriage of the transparency of blockchain and AI works well together to solve the issue 😉

Kalani Moe: also the idea was founded by our founder alex alaexandrov who has been in the blockchain space for almost 10 years he wanted to buld a blockchain that eliminates human error and functions at an optimal level taking away the small redundant tasks that can actually slow us down

Serg | Satoshi Club: this is my dream as well 😀 humans should do creative things, not small and repetitive tasks

Irina K. | @satoshi_club: Nice. Could you give us a few examples? What kind of tasks?

Kalani Moe: well for one consensus mechnism when it comes to validating content on our forthcoming product called vortex, thats just one thing, also when it comes validating nodes

Serg | Satoshi Club: thanks for explaining 🙂

Q2 from Telegram username @dani4697

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?

Shirly Valge: We use a DPOS not Roll-DPOS and add an A.I layer on it which will optimize the consensus, so it will be called AIDPoS

Irina K. | @satoshi_club: Could you elaborate on this? What part of the consensus mechanism will it optimize?

roman_tik: yeah, so the idea is that the network has sometimes extreme conditions (like attack or increased load) and people are slow to react on that events to help the system with tailored configuration. Thats the moment AIDPoS will help, by automating those operations

Serg | Satoshi Club: nice clarification, Roman, I think this question is covered

Q3 from Telegram username @tungvodoi206

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?

roman_tik: the idea is that the network needs to consolidate about 80% of the voting power to implement critical change (hardfork in old terms 🙂 ) rather than 51%, so this makes the networks more resistant to various attacks

Serg | Satoshi Club: 80% is a lot. Why did you choose this number? why not 70 or 90 for example?

Irina K. | @satoshi_club: Doesn’t this make the decision making process very, very slow?

roman_tik: its close to the well known pareto rule, but in fact it is just 2/3 of the votes (super majority), close to the way the democracy works (or should work) in the government 🙂

Serg | Satoshi Club: I see, thanks for explaining

roman_tik: so it is easier to understand the concept for the people who just start to explore the blockchain governance

Irina K. | @satoshi_club: That’s true. Comparing it with something that people already understand is the best way to explain a complex topic

Q4 from Telegram user @crypto_zones

What is Velas’s plan to grow and incentivize it’s developer’s community?

Kalani Moe: Velas has many plans to onboard developers like an open calll for developers and also working towards partnerships with some leading Dapp development firms. We plan on rolling out this out in the near fututre. We have had loads of inquiries and lots of excitement regarding this so we will make it a huge focus as we move forward if anyone wants to join our telegram develpers community heres the link to stay up to date with this initittive. https://t.me/VelasDevelopers Come say hi!

Serg | Satoshi Club: you have a nice community of developers here 🙂

Irina K. | @satoshi_club: Could you share what some dev firms are?

Kalani Moe: thanks, actually we will make that ann in the future but talking to multiple options at the moment.

Irina K. | @satoshi_club: More than 300 people. That’s a good number when talking about dev communties.

Serg | Satoshi Club: thanks for covering this Kalani!

Kalani Moe: well we hope to grow this a lot, were still only one year old 🙂

Serg | Satoshi Club: you made a good progress for a one year old project 🙂

Irina K. | @satoshi_club: Do you plan on having any grants? Or smt similar to this? To attract good minds I mean

Kalani Moe: yes one sec we have have medium article i will ink to you https://medium.com/@VelasBlockchain/dapp-developer-open-call-2fafd469cfda

• 

https://esatoshi.club/wp-content/uploads/t_voice50239969689683888571-2.ogg

Serg | Satoshi Club: wish you good luck! You seem very determined to create a good product

Shirly Valge: Our incentives for developers to shift onto Velas Blockchain

• 

yes, we plan on launching university grants and set up A.I challenge on different crowdsourcing platforms like Riippen, Herox and Innocentives. Stay tuned on our official SM channels for the official announcement once we have launched a grant program. It is planned in very near future!

Q5 from Telegram user @alex_satang

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

Shirly Valge: The initial purpose of CPS coin was just to provide rabates on Coinpayments platform. After we restarted the whole project and swapped CPS 1:1 to Velas, we added overe time more and more new functionalities.

Serg | Satoshi Club: I see. Velas was not just a rebranding but an idea to add more functionalities as well. Thank for the answer

Irina K. | @satoshi_club: Can you give us an example of some functionalities?

Kalani Moe: We have added our own native wallet, delegate staking, mobile app for android and forthcoming ios app for starters. Vortex is a decentrilized content platform with ai enhanced content validation

Shirly Valge: as well Vortex, DePi. Velasphere too where you can stake your computer resources and earn rewards for it and DePI stands for Decentralised Positive Impact, which is a term Velas introduced.

Serg | Satoshi Club:

• 

Q6 from bitcointalk user let098765

Vlx wallet is available in web and desktop.When are you planning to released a mobile version of Vlx wallet? What is the most advance features of the wallet?

Shirly Valge: We have an android version of mobile wallet out.

Serg | Satoshi Club: Where can we find the android version? When I click on the mobile version on the website, I can’t find it 🙂

Shirly Valge: https://play.google.com/store/apps/details?id=com.velas.mobile_wallet&hl=en_US

Serg | Satoshi Club: I see, thanks!

Shirly Valge: We are still improving it and IOS wallet is being internally tested and launched very soon as well. This month.

Kalani Moe: We are getting ready for an version update soon

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Trendingairdrop_s

What is the roadmap of Velas in 2020 Is there will be going to any changes on your current roadmap because of this Covid-19 thing?

Kalani Moe: Well, the world is changing very fast and we need to be agile because of changing global climate so we take it day by day and try to be as agile as possible. There are always moments where we need to make changes and adjustments but we like to believe we are ready for anything

Q2 from Telegram user @radmaxco

When will be more listings for VLX token?

Kalani Moe: we just listed on 3 new exchanges in the past 2 months hitbtc, Bittrex, bitcoin.com, and have many more top-level exchanges planned for the future. stay tuned!

Q3 from Telegram user @Tripty1

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?

Shirly Valge: Velas wallet will serve as one-stop solution for the whole Velas ecosystem, providing users access to wide range of dApps and funcitonalities, like delegate staking, masternode staking, Vortex- decentralised media content storing and sharing, Velasphere- decentralised and distributed sharing of computing power and disk space, Velas decentralised Messenger and many others. there is no other wallet out there, that provides users with everything under one place and our goal is to make it extremely user friendly, which will eventually lead the technology to be adopted by masses.

Q4 from Telegram user @sinahanna32

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?

Nikita Romanov: yes, of course it has a strong relation! we use a lot of data science things to cluster nodes, detect malicious behavior and predict the state of the blockchain metrics

Q5 from Telegram user @CrypTo_Damiya

Most people learned about the name #velas relatively recently. What are the biggest obstacles to mass adaptation of this solution (product)?

Kalani Moe: Wellbeing a project that is only one year old we have lots of work to do. We have large marketing efforts being set forth with detailed campaigns and outreach initiatives. Happy to note, our communities have grown by 30k members collectively between twitter youtube and telegram in the past 3 months. Excited for the future!

Q6 from Telegram user @Nguyendufb

Where I can stake VLX? Can you give me some benefits when I hold VLX in a long term ?

Kalani Moe: You can stake delegate directly in the web wallet as well as on some of our partner exchanges like BW.com or Probit.com something to note our wallet requires 10k vlx to delegate stake

Q7 from Telegram user @triptya

What is your growth plan? How do you attract users and developers?

Kalani Moe: we have fantastic growth so far but it’s a constant work in progress we have thriving international communities and partnerships with some of the leading blockchain pr firms. Also, we have an insane amount of daily content we release constant updates and ecosystem reports to keep the communities informed.

Q8 from Telegram user @Jhonathanch

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!

roman_tik: Vortex is a decentralized content sharing platform with great focus on censorship resistance, flexible monetization models for the content creators and instant payment settlement. No other platform has done the same.

Q9 from Telegram user @starkyiv

How to keep motivation of using Velas Wallet for the long term?

Shirly Valge: with all the upcoming features that will be available to use via Velas wallet.

Q10 from Telegram user @Jonahapagu

in building an AI system like yours tremendous amount of Data is requiredwhat type of data did yo used in training your algorithm and how is this data sourced?

Nikita Romanov: nice question! we use 2 types of data source: historical data from mainnet and simulated data while the first thing is clear let me explain idea behind the second. we created a sandbox and can emulate inside any states of blockchain. we run such simulations a lot of times

Q11 from Telegram user @Jamesgta

Do you have plan to build your own Dex?

Shirly Valge: yes

Q12 from Telegram user @SutedjaDian

How many members do you currently have on your team?

Kalani Moe: we have a large global team while I don’t have the exact number on hand, I can say we are nearing 50 team members if you add the community managers. this doesn’t include external partners either. We’re growing every day and proud of our robust team

Q13 from Telegram user @Jafriiqbal12

What are the future plans for VELAS Project ? Do you have any exciting things down the pipeline that you can share?

Kalani Moe: lots of exciting plans and development in the pipeline – Vortex, new wallet UX/UI design Dapps launch, brand overhaul there’s too much to list but were gearing up for a big second half of the year

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Velas. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

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/

Our partners:

Velas Community: https://t.me/velascommunity

The AMA took place on August 7 and our guest was  Nikolay Mentor (@vipmentor), Co-Founder and CEO of ZELWIN.com.

The total reward pool was $1500 and it was split into three parts.

Nikolay has answered many questions during the AMA and has selected some of them to be posted in an article.

……………………………………….

Question from Telegram user @rioliandaro
Incentives, discounts, vouchers, coupons, cash, these are some of the benefits that users get when using a platform like the one you created.
Will this all apply in the future to ZELWIN? Can we expect this as a user?

Answer from @vipmentor
We created a better system!

A huge advantage of this platform that for every purchase, customers get guaranteed cashback in ZLW tokens. They instantly be able to exchange these tokens for various cryptocurrencies, USD/EUR, send them to VISA/MasterCard or save them up. It’s better than any vouchers etc.

Question from Telegram user @Aleurich
If I am a small entrepreneur, do I have the possibility to sell my products on Zelwin? Is there any support for small entrepreneurs? Do you have advertising plans?

Answer from @vipmentor
Of course.
For all merchants free registration.
No subscription fees.
Commission only from real sales.
Free advertisement.
0 risks for you and help from us.
Additional sales channel

Question from Telegram user @Aleurich
Very few projects have their website in Spanish, but you do, Congratulations! Are you planning to expand your market to Spain and Latin America? What are you focused on today?

Answer from @vipmentor
Thank you.
Yes, we’re planning to expand to Spain and Latin America and as many countries as possible.
That’s why I invite all of you to become our partner at Zelwin

Question from Telegram user @motngaykoxa
How many achievements earn from starting to present of zelwin?
Is there any historical achieved can earned zlw?

Answer from @vipmentor
We have a huge progress and traction.
More than 600 partnerships.
Communities and partners in 20+ countries.

By the way, about ZLW tokens, our price had started at 1 dollar for one ZELWIN token. But now, on Coinmarketcap, the price for Zelwin token is more than 4$ and growing.
It means that early investors received more than 300%+ of ROI.

Question from Telegram user @trandaiquang91191
What are some of the main uses of ZLW and How can users benefit and earn from Zelwin?

Answer from @vipmentor
You can exchange ZLW tokens on fiat money, send to VISA/MasterCard, receive cashback on our platform in ZLW, trade on 5 exchanges on Top 20, play in games using Zelwin tokens.
Also I want to repeat, our early investors receive 300% of clear profit right now and we’re growing very fast and increase our fan database.

Question from Telegram user @mikenit90
I am a Business Mogul in Africa and am seeking E-Commerce giants to partner with, does Zelwin consider this sort of partnership and willing to work with Africa’s Emerging Markets?

Answer from @vipmentor
Of course, we are ready for cooperation in Africa.

Moreover, we have created a whole group in Telegram specifically for Africa https://t.me/ZelwinNigeria, LinkedIn https://www.linkedin.com/company/zelwin-africa/, Twitter https://twitter.com/AfricaZelwin and Facebook https://www.facebook.com/Zelwin-Africa-105262891283833. You can contact one of our managers there, or write to me personally.

Question from Telegram user @iam12312
Can You talk about a compaign that You did regarding attracting more users to Zelwin?

Answer from @vipmentor
We’re doing a lot of marketing activities in many channels, PR, AMA series and don’t forget about our Powerful Affiliate Program
https://zelwin.com/become-a-partner

Question from Telegram user @R_a_i_h_a_n
Partners, partners in every project play a huge role as backup and support at every start of a project/company, so my question is What role do your partners play in the ecosystem and what benefits do they have for being a partner?

Answer from @vipmentor
Yes. You are right!
Advantages for our partners:
1. If you invite Merchants on Zelwin platform you’ll receive up to 20% commission from cashback from all of their sales.
2. If you invite Buyers to our website (using a referral program in their personal account), you will receive 20% of cashback from them 3. If you invite other Partners to buy “Partner’s packages”, you will receive up to 30% of commission from sales

You can calculate your income here:
https://zelwin.com/become-a-partner

Question from Telegram user @CryptoZaratustra
Is your aim, to become the leader in the Platform marketplaces and e-commerce applications ? If so what will you say is your biggest strength to achieve it?

Answer from @vipmentor
Yes, we have set clear goals and strategies for the next 5 years to become one of the leaders in this industry and get our decent market share. Our strong point is that we go from the people and share with people and our users up to 50% of our commission. The rest of the marketplaces take all the profits for themselves.

Question from Telegram user @Royalzackie
A lot of people don’t know what cryptocurrency is yet,,they only know about Bitcoin and feel that others are scam in crypto. What does #ZELWIN team plan to do to help more people in crypto market, mostly new investors to understand cryptocurrency and how to invest in it the right way??? Are there plans to introduce ZELWIN to local business,,to help them accept crypto as a means of transaction in CRYPTO CURRENCY??

Answer from @vipmentor Y
es, you are absolutely right.
Therefore, we have connected the real sector of the economy and the cryptocurrency world together. 95% of our clients are from the real sector of the economy and they receive ZLW tokens in automatic mode, as a cashback.
And we see that this is of great interest to them, and especially for them, we have made a very simple and understandable exchanger https://ex.zelwin.com/, where they can use at any time, change ZLW bonuses for real money and send them to Visa and Mastercard. That is why we have more and more community every day.

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Zelwin Global Chat: https://t.me/zelwinchat

Welcome to another exciting chapter of our Satoshi Club AMA Series, today we would like to tell you about the session with our friends from SPERAX. The AMA took place on August 13 and our guests were Zhou Yu (Researcher) and Frida Cai (Global strategic partner).

The total reward pool was $600 and it was splitted into three parts.

In this AMA Recap we will try to summarize some of the most interesting points for you.

………………………………..

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Serg | Satoshi Club: Hello dear community! Today our guests are from @sperax. The sale is starting in 12 hours! KYC IS OPEN: sperax.io. You can begin your registration now. Welcome @yuzhou87 @FridaCai_Sperax.

Irina K.| @Satoshi_Club: Hi everyone 👋

Zhou Yu: Thanks hello everyone.

Serg | Satoshi Club: We are glad to have you here. Please tell us a bit about yourself 🙂 and a bit about Sperax.

Zhou Yu: My name is Joe. I am currently studying in UCLA for Mathematics of Computation (mathematical side of computer science) and pursuing a Philosophy minor. I have been working as research assistant for Prof. Rafail Ostrovsky for cryptography and theoretical computer science back in school. I joined Sperax last June under the supervision of world leading cryptographer Professor Yongge Wang. I am now a researcher for Sperax. I am one of the authors of Sperax latest IEEE INFOCOM paper and I am the presenter. So ask me anything about BDLS consensus or the paper if you are interested. 🙂

Frida is our global strategic partner responsible for marketing side of mainly north America. She holds a bachelor degree in Foreign Affairs and a history minor from University of Virginia. She is a fresh graduate from Columbia University Graduate School of Journalism with a Master of Science degree in Data Journalism. She has extensive past experience in reporting the latest technology trends in Asia and was mesmerized by the potential of crypto and blockchain industries and has been devoting her career into the space ever since.

Serg | Satoshi Club: Thank you for this introduction 🙂 we’ve collected some hundreds of questions from the community. We’ve selected 6 of them to be discussed in the first part. Are you ready to start?

Zhou Yu: Sure. Maybe I can introduce Sperax very briefly first?

Serg | Satoshi Club: Of course! this is the point of the AMA, we know that you have a good team based from your explanation, let’s see the project.

Zhou Yu: Sperax project originates from a blockchain proposal by world-leading cryptographer, Professor Yongge Wang from the University of North Carolina. Funded by the internationally-renowned blockchain venture capitals like Outlier Ventures, Sperax is a new-generation financial public blockchain. Founded at Menlo Park in Silicon Valley, California in 2018, Sperax team now spreads across the U.S., Singapore and China.

Serg | Satoshi Club: I see that your education/work is mainly based in Nort America. Where is the name coming from? Smth from latin?

Zhou Yu: Haha many people asked this question. Someone in our marketing side came up with this pretty fancy name from Latin.

Serg | Satoshi Club: I speak some Latin, so it sounded familiar.

Zhou Yu: He told us it means “trust” and everyone was just amazed haha.

Serg | Satoshi Club: So, shall we proceed to the first question of the community?

Zhou Yu: I am ready.

Q1 from Bitcointalk User linderm

I have seen that you have multiple consensus protocols. Why do you need more? What are its functions?

Zhou Yu: When we proposed Sperax project, we analyzed many current blockchains and of course their consensus protocols since consensus protocols are like the souls of blockchains. They are all good and some are impressive. However, we found that they were all based on a naive network model, aka “synchronous network model.”

I mean this model is not bad. It is simple so leaves much room for the designers. But it can overlook some significant security problems that only occurs in the real environemnt. Our professor is specialized in this area. We chose to use the more realistic and of course more challenging one — partially asynchronous network. Under this model, many realistic attacks have to be taken into consideration when designing the protocol. Especially DoS attacks because the network is not always in a sync mode.

Serg | Satoshi Club: So, you are making it more secure.

Zhou Yu: Basically yes. But we did not stop here. After we finished our first draft (BDLS consensus is an academic paper at first), we asked ourselves, is it enough.

Serg | Satoshi Club: Never stop, always improve. 🙂

Zhou Yu: Our Prof thinks we can do better. In a nutshell, we cannot only improve security without taking performance or efficiency into account at the same time. So we devoted the rest of our time in improving the efficiency of our consensus. The most significant part is communication complexity. Since communication usually takes the most time.

Luckily, in the end we managed to reduce communication complexity significantly. Our BDLS enjoyed double the communication speed than the fastest one.

Irina K.| @Satoshi_Club: Communication between nodes you mean?

Zhou Yu: Yep. Nodes have to send messages back and forth to reach consensus. In async setting, it gets even more complex. So you can imagine when we were notified by IEEE INFOCOM that our paper was approved, we are SOSOSO excited haha.

I think my answer is a bit too long. I will keep it shorter for the following questions.

Q2 from Bitcointalk User bitmartbounty

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?

Zhou Yu: Sperax ecosystem issues two tokens: SPA as the utility token on BDLS and sCOIN as the native stablecoin. SPA is the utility token in the Sperax blockchain just like ETH in the Ethereum blockchain. It ensures the economic incentives for participants in the BDLS consensus. It also reflects the network value for Sperax.

When users join the Sperax network, they could earn SPA as they run nodes and validate transactions. Similar to other public blockchain, gas fees are collected in SPA as transactions happen on the Sperax blockchain. Moreover, SPA is also the governance token for the protocol. In short, SPA is the utility token. In contrast, sCOIN is fiat-pegged stablecoin issued on the Sperax blockchain. Moreover, it is the native stablecoin of Sperax blockchain. We are the first public blockchain that issues a native stablecoin btw.

sCOIN is minted through depositing fiat currencies by users and is issued by financial nodes (regulated financial institutions with fiat custody) in the network.

Irina K.| @Satoshi_Club: So the stable coin is covered by fiat?

Zhou Yu: sCOIN is fiat-pegged.

Serg | Satoshi Club: It’s smth different? I didn’t see this model. oh, just read more carefully. You are the only one in the world.

Zhou Yu: Haha if you are interested, check out our econ page on our website. 🙂

Frida Cai_Sperax: Or read it here.

Serg | Satoshi Club: hey Frida! Welcome 🙂

Frida Cai_Sperax: Sorry our KYC just opened up and a flock of registrations went in from all over the world.

Serg | Satoshi Club: That’s a good sign, I have seen you guys on a lot of platforms.

Q3 from Telegram User @madkaren

Why are you using the unpredictable random beacon RANDAO? why do you need a protocol that presents a joint random number?

Zhou Yu: RANDAO is for our consensus protocol BDLS. BDLS belongs to the category of BFT consensus protocol which requires randomness to ensure its security.

Yes we can choose a centralized randomness provider or naive randomness like hashing the previous block info. But if we choose a centralized randomness provider, what’s the purpose of blockchain right?

Serg | Satoshi Club: Right. 😀

Zhou Yu: And if we choose naive randomness, the process is deterministic. This means we have to reduce our security level significantly. So we end up in choosing a decentralized, collective randomness.

Serg | Satoshi Club: You pay a great attention to security. That’s a good thing. Your name, which means trust, really fits you.

Q4 from Telegram User @Eraybukucu

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, would this system be corrupted if someone holds +50% of the tokens?

Zhou Yu: This AMA is very tech-focus haha. I am pretty excited.

Serg | Satoshi Club: We try to understand the important things. 😀

Irina K.| @Satoshi_Club: We try to do the translation job.

Zhou Yu: Sperax is basically a PoS blockchain. So you stake to participate in block generation. Our testnet makes 10k SPA as one staking unit (this might change when our testnet is launched, our econ simulation model is still experimenting on this parameter).

Will our system be corrupted by 51% attacks? you guess you mean 51% majority stakes. Any BFT consensus protocol needs over 2/3 honest participants to ensure secure consensus, so malicious 51% staking holder is a big problem for any BFT protocol which every current PoS blockchain uses. I mean let malicous group control over 50% stakes are itself crazy. Like half of your fortune in a state is controlled by terrorists.

So over 51% staking will put any BFT consensus blockchain into security vulnerablility. But since we use extra randomness, we have an extra layer of defense even in this situation.

Serg | Satoshi Club: We don’t negotiate with terrorists. 😀

Irina K.| @Satoshi_Club: And do you have mechanisms that prevent this from happening? I mean someone or a group holding such a big part?

Zhou Yu: I feel in general we do not need to. I mean if someone say their blockchain is secure no matter what (even when the world is at its end), you prob won’t believe him.

Q5 from Telegram user @nerddutch

You claim that after partnering with Chainlink, you can finally bring real-world data into the Sperax ecosystem and connect to traditional non-blockchain systems. How would you do that? Please elaborate.

Frida Cai_Sperax: We are thrilled to share with the world today that our mission to make decentralized financial services globally accessible is marking another milestone, thanks to our upcoming integration with Chainlink. By integrating Chainlink, we can finally bring real-world data into the Sperax ecosystem and connect to traditional non-blockchain systems. This allows our developers to create smart contracts connected to off-chain data feeds, APIs, traditional payment infrastructure, and more, which greatly expands the number of use cases we can build solutions through DeFi and other large markets.

Within our DeFi ecosystem, Chainlink oracles will aggregate market information from a variety of high quality data sources to serve as reference prices for assets such as cryptocurrencies, fiat currencies, commodities, indices, and more. DeFi applications can then use those price feeds as the basis for making automated decisions like how big a loan a user can take on, whether or not to liquidate someone’s collateral, and whether or not a payment actually occurred off-chain.

This integration will enable Sperax to leverage Chainlink’s decentralized oracle network to bring real-world data to any smart contract running on the Sperax network, and ultimately steer users and developers towards better financial decisions and more passive incomes through highly accessible and reliable financial products.

Irina K.| @Satoshi_Club: Great initiative. Good luck with that. 👍

Q6 from Telegram User @dtv1907

Can you tell me more about the next $SPA Public Sale? Do I need to KYC to join the Public Sale? Is there any lock up period after I buy $SPA and other round in the future? Can you give me the points that convince me to buy $SPA?

Frida Cai_Sperax: 1. The KYC is opened for registration now at sperax.io. The sale will not begin until August 14th at 10AM ET.

2. You can refer to https://spa.sperax.io/4.-distribution-and-unlocking-schedule for the unlocking schedule.

3. SPA is the utility token in the Sperax blockchain just like ETH in the Ethereum blockchain. It ensures the economic incentives for participants in the BDLS consensus. It also reflects the network value for Sperax. As users join the Sperax network, they could earn SPA as they run nodes and validate transactions. Similar to other public blockchain, gas fees are collected in SPA as transactions happen on the Sperax blockchain. Moreover, SPA is also the governance token for the protocol.

………………………………..

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 80 seconds; a lot questions were posted by the Satoshi Club community. Our guests chose some of them.

Q1 from Telegram User @anhdaikull

How different is sCOIN compare to other stable coins?

Frida Cai_Sperax: Stablecoins exhibit high volatility that fundamentally stems from poor adjustment to supply and demand, because they overlook what the fintech market is after. To address that, Sperax designed a backed fiat-pegged stablecoin.

By partnering with regulated financial service providers, Sperax stablecoin could also ease the barrier by on-boarding users holding fiat. While these are similar to Tether’s initial claims, their validity has come under criticism of late. The trouble is, Tether isn’t held to those promises because it’s not intended for use by regulated financial service providers.

Regulated financial service providers and OTC desks are best at interacting with end users and helping consumers understand their products and services. By leaning on these providers, Sperax can focus on providing liquidity for the token. By issuing geography-specific stablecoins, Sperax can support cross-border transactions in conjunction with financial service providers.

In order to further ensure stability, Sperax manifests for the consumer in a stabilization fee charged each time users exchange fiat for stablecoins. This in turn is used to reward financial nodes, as well as for buyback of the SPA tokens.

Finally, where other stablecoins have failed due to external factors like protocol incompetence, Sperax stablecoins have diversified dependencies. Where a decentralized stablecoin issued with Ethereum-centric collateral rises and falls with Ethereum, Sperax provides an extra layer of stability for the SPA token holders by being the first native stablecoin in the public blockchain ecosystem. https://medium.com/sperax/a-stablecoin-that-actually-works-1c0afa143256 read more here.

Q2 from Telegram User @puppyz1

So your project does seem to be promising, but we have seen many of the project team member desert the team and project for some unknown reasons and how can you ensure that your core team members will remain committed to this project?

Frida Cai_Sperax: I am confused by what you mean that many of the team members desert Sperax…? Because there is not. 😅 As for how to keep people committed, we implement a flat management, which means no c-level position is assigned. Everyone is deemed as a partner who is in charge of different sectors.

Q3 from Telegram User @Dhanu006

Why is Sperax integrating Chainlink Oracles? What advantage does it bring to Sperax?

Zhou Yu: In short, Chainlink provides us with a decentralized oracle network. It can provide us with a secure and reliable data channel, both data feed and output. So developers on Sperax has more reliable data and API access and have more room to develop better dapps, especially better DeFi.

Q4 from Telegram User @sayasyno

Why sperax make 2 tokens?

Frida Cai_Sperax: On top of BDLS, financial infrastructure is designed in the ecosystem to support users of the network. Sperax introduces a native stable coin design in the system that connects its decentralised economy with the physical world. Just like it is hard to imagine an economy without financial systems or a government body, it is necessary for a digital economy to have its own currency and governance model to power new business models. The platform token – SPA, is introduced both to serve as the governance token in the ecosystem and the fuel to power network transactions.

Q5 from Telegram User @baobao265

I think there are 3 core issues: security, scalability and interoperability which will bring competitive advantages to blockchain projects. So how does Sperax outperform other projects?

Frida Cai_Sperax: For security, as our answer for BDLS has explained, our BDLS consensus protocol is designed in the most realistic network model so the security of blockchain is greatly improved. For scalability, I prefer a more general term — performance or efficiency. Since the main goal here is for us to improve the processing speed in blockchain.

Our BDLS protocol has significantly improved processing speed or efficiency by enhancing communication complexity of our consensus. The last one is interoperability. I guess here you mean how our Sperax blockchain can be interoperable with real world finance. We connect our blockchain ecosystem with the traditional financial world by our unique design of financial layer. It consists of our native stablecoin sCOIN and a group of authorized financial institutions. We believe that our unique financial layer can truly integrate the new blockchain world with the traditional world.

Q6 from Telegram User @bhu85

How important is the community to Sperax Project and how can we collaborate in development?

Frida Cai_Sperax: Sperax BDLS is mathematically proven to provide an extra layer of security against DoS attacks in an asynchronous environment with fewer safety assumptions — such as on the open Internet. 2019 saw Sperax enthusiasts recognizing this potential at meetups with our current investors and partners, including Outlier Ventures, FBG Capital, Newstyle Capital, etc. We’re also proud that we’ve been able to partner with various portfolio companies in the China Academy of Science Holding (CASH), the largest state level tech investment firm.

We are always striving to foster healthy community discussions surrounding the benefits that Sperax presents to the PoS community, as well as the larger blockchain ecosystem.

At present, the Sperax project has established R&D teams in both China and the United States, carrying out collaborative development, researching key technologies, and simulating and testing key modules. We host meet-ups internationally, so please keep an eye out for a future one that might be near you!

Q7 from Telegram User @dinhnam862

Why is the Sperax ecosystem issuing 2 tokens: sCoin and SPA? What is Sperax’s main token? As far as I know, Sperax is the first decentralized system to have a native stablecoin. So what is the main function of sCoin?

Zhou Yu: Sperax is a financial public blockchain. A native stablecoin like sCOIN will play a crucial part in achieving our goal. It is vital in every one of our three main use case: a decentralized payment system; global remittance and transfer; DeFi ecosystem.

Q8 from Telegram User @Truongkhanh

What is the utility and use cases of Sperax? Can we use it in real life or not?

Frida Cai_Sperax: https://sperax.io/token

Q9 from Telegram User @Dhanu006

How can we participate in Sperax’s network and become a nodes and validator of SPA? What is the requirements for equipment?

Zhou Yu: A regular PC is enough. If ordinary user cannot participate, our blockchain defeats its own purpose. 🙂

Q10 from Telegram User @kun4321

What is your plans in place for global expansion, are Sperax Project focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?

Frida Cai_Sperax: Founded in Menlo Park, Sperax now has offices in SF, NY, Singapore and China. We are expanding in southeast Asia and would open a lab in Germany.

Q11 from Telegram User @rioliandaro

SperaX uses a consensus algorithm. BDLS, it looks like it looks good in terms of security and scalability. However, I am not sure whether SperaX can play a role in connecting the real world and the blockchain sector in the financial sector. Do you have any other plans? or do you have a business case you’re working on?

Zhou Yu: Sure. These three use cases might be helpful to your question:

i. Xiaomi Financial Virtual Bank with full licenses authorized by Hong Kong Monetary Authority Proposed Sperax stablecoin for the following uses cases:

• Use the fiat gateway and accept cash equivalent.
• Support cross-border transactions based on the stable coin network and offer more competitive rates.

ii. A Sand Hill Road based Venture Capital

• Tokenize its emerging crypto-focus fund.
• Integrate its mobile gaming portfolio companies on Sperax networks.

iii. A costume martial-arts TV series, The Untamed, with 8 billion views on Netflix and WeTV:

• Tokenize its worldwide fan meet-ups and concerts tickets.
• Tokenize celebrity merch’s online marketing places.

Irina K.| @Satoshi_Club: That’s it for tonight everyone. Thank you @yuzhou87 and @FridaCai_Sperax.

Serg | Satoshi Club: Thank you for joining us! It was awesome!

Zhou Yu: Thank you Serg and Irina for hosting this amazing event.

………………………………..

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Sperax. A link to a Quiz form were sent into the chat. Participants had 10 minutes to answer. 300$ were shared among the winners.

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Sperax: https://t.me/sperax

We are pleased to announce our next AMA on August 23rd 2020 at 03:00 PM UTC Time: Satoshi Club x Akash Network

⚠️Click to see the hour
⚠️Total Reward pool: 2200$

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Akash Network Telegram group

We will have the following structure:

Part 1: 450$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 9 Questions will be selected from our website – please submit your questions in the comments section of this post. 3 Question will be selected from Bitcointalk thread.

Part 2: 450$/15 users – Open chat for 80 seconds. You can post Max 5 questions. Akash Network Team will select 15 questions and answer them.

Part 3: 1300$ – A quiz about Akash Network

For more details:
Akash Network – @AkashNW
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on August 17th 2020 at 01:00 PM UTC Time: Satoshi Club x RIO DeFi

⚠️Click to see the hour
⚠️Total Reward pool: 600$

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join RIO DeFi Telegram group

We will have the following structure:

Part 1: 150$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 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: 150$/10 users – Open chat for 80 seconds. You can post Max 5 questions. RIO DeFi Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about RIO DeFi

For more details:
RIO DeFi – @Riodefiofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish