We are pleased to announce our next AMA on September 17th 2020 at 10:00 AM UTC Time: Satoshi Club x Foresight
⚠️Click to see the hour
⚠️Total Reward pool: $800
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Foresight Telegram group
We will have the following structure:
Part 1: 150$ /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
Part 2: 150$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Foresight Team will select 10 questions and answer them.
Part 3: 500$ – A quiz about Foresight
For more details:
Foresight – @ForeSightCrypto
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
your token has a unique use case and niche market for insurance, what will happened if the ICO/ILO market dwindles down ? Will the user get to claim back the full amount if he’s insured for an exit scam that has been approve by the DAO ? The insurance industry is a regulated industry, will your team member reveal their identity in the future?
The project website says that insurance premiums range from 2-15% of investment, depending on risk level. And who and how will determine the level of risk for each project?
Why don’t you want to reveal the real identities of the team members? It will significantly increase the level of trust in the project, especially given the project’s focus on protection from scam.
Have you conducted any audits on your smartcontract and is there a github you could point the more code-savvy members of our community towards?
Foresight has a lottery system. Can you tell us a bit more about the lottery and how it fits into your project?
FORS main usecase is for insurance when you invested in a scammed crypto project, how can you identify if the the projects scammed its investors? What are the requirements to be considered as scam?
What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?
DeFi Yield farming is driving adoption because it brings crypto back to the promise of democratizing finance. What are Foresight liquidity mining plans?
What is the Market Strategy of ForeSight to get mass adaption by million of users or investor outside crypto space???
As new ideas come up in the industry scam projects also come up with their own ideas to keep up with the trend. As regards your “project funded insurance” what requirements do you have that this projects must meet up to When applying for PFI with foresight just to ensure that this projects are not scams or is your interest only on the Investors for which the Projects will be purchasing insurance for..
Foresight which just launched few months ago is already a founding member of Crypto Investors Protection Alliance (CIPA). What role does foresight have in CIPA and how will CIPA be beneficial to Foresight and it’s users
You must have had this type of question before.. For a project like Foresight which plans to provide insurance for investors..it is important that investors know and understand who is on the team and if the team has the knowledge required in running an insurance project like this..do you have plans about revealing your identities to assure investors that you are fully committed to Wiping out the harms done by exit scams as you claim, don’t you see the anonymity of your team as a major red flag
Why did you not organize a regular ICO / presale sort of fundraising like most of the projects on the market but did the listing on Uniswap straight away?
What kind of benefits are there for joining your DAO? Are you planning to cover most of the coins on the DAO?
You aim to make crypto a safer place by organizing some sort of insurance for the investors. Could you please elaborate more regarding this – what does it technically mean for the investors and how exactly do you work against scamming?
Will Foresight review which projects can be insured, or will users be able to insure themselves when investing in ANY project, even those that are quite clearly scams?
Do you see Foresight as a one stop shop or do you have plans to offer your services as part of a “Better Blockchain Initiative” alongside other projects that attempt to tackle ICO fraud. Would you be interested to partner up for example with DistX?
Given the nature of the product, do you envisage market participants to be the main customer or projects who are offering protection to early investors?
Will the fee % be the same for each investor in the same project, or will the fee be adjusted based on capital investment level also?
Can you tell us a bit more about the lottery and how it fits into your project?
How big does this project need to be in order for it to run smoothly?
• Is it possible to take out insurance with Foresight for any type of cryptology project? Or will you have a list of available projects?
• What is the role of people participating in the DAO? Will they be the ones to decide if a project is scam?
• Is it possible to take out insurance for Foresight? In case of an exit scam from this project? Will all insurance funds be managed by the DAO?
Foresight partnered with Ferrum Network to become the next staking project. Tell us your staking model, annualised percentage return and all the amazing benefits for $FORS holders?
To promote trust and transparency, does Foresight have a time-lock contract for the liquidity pool on Uniswap, to allay community fear of rug-pooling on them?
Q1. Why does Foresight operate two Community DAO Governance Mechanism – Common DAO and Supreme DAO? What are the criteria to join and participate in any of the Community DAO Governance?
FORS team seems to be anonymous. As a project aimed to protect users from scam projects, how do you intend to earn the trust of potential investors if they don’t know the identities of the people behind the project that they want to support? How many members consist the FORS team?
Why did FORS decide to have a Lottery system? Isn’t that a bit peculiar for a project that provides an insurance solution?
What’s the difference between Common DAO and Supreme DAO? And what’s the story behind operating two Community DAO Governance mechanisms?
With the statement from your website which is when you purchase insurance with Foresight and are deemed to be the victim of an exit scam or fatal blockchain hack, you get your entire investment back . How will you assure that investors got scammed? Is there any personal verification check?How will you guarantee that investors that was scammed before can get the entire investment back?Is this promise so good to be true?
How can I become a DAO member, and also participate in governance issues and also insurance requests
What are insurance contracts and how can they be traded, what’s the relationship between insurance contracts and NFTs
In the DAO Tribute & Incentives, I saw Common DAO and Supreme DAO, please can you highlight the difference between Common DAO and Supreme DAO
As your tagline goes “Bring insurance to Defi”, so how will Foresight systematically bring insurance to Defi world? How can an investor to Defi can get insurance ? Literally, what kinds of insurance you are offering to Defi?
With the statement from your website which is when you purchase insurance with Foresight and are deemed to be the victim of an exit scam or fatal blockchain hack, you get your entire investment back . How will you assure that investors got scammed? Is there any personal verification check?How will you guarantee that investors that was scammed before can get the entire investment back? Is this promise so good to be true?
How far can Foresight go?
WHO IS YOUR POTENTIAL USERS AND WHY THEY WILL CHOOSE FORESIGHT ?
Are FORESIGHT open to feedback or suggestions? If Yes then How much feedback have you received so far and what changes have you made based on that feedback?
Short but important Why would anybody want Foresight?
Is foresight consider offering it’s service to other blockchain like neo, tron or others ? What about using L2 technology to reduce the congestion and high gas fee
Why,Foresight is it at Uniswap whether Uniswap is very good for Foresight ???
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Are there any features from Foresight that can rival or beat other projects?
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Excellent, thanks for sharing with us
So what are Foresight’s strengths of the protocol compared to other projects?
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In what currency do you evaluate the assets that you insure? The price of cryptocurrencies is constantly changing, I want to know how you pay compensation
Who guarantees the safety of the insurance fund? Is it insured?
Could you explain which major problems are there in Current Centralized Finance as well as DeFi system, which can be solved by Foresight ? Also Hoow
” Say Goodbye To Exit Scams”These lines caught my special attention on your platform
So can you tell us how foresight can save seasoned cryptocurrency investors by scams and hack.
I found Foresight is in few projects which is Bringing
Insurance To DeFi. Can you share how this insurance will protect investors from any loss and scams?
What are various use of insurance contracts and DAO units as tradeable NFTs in Foresight ecosystem.
What new invocations foresight is trying to bring in crypto space?
While going through your tokenomics I found a large amount about 30% funds are allocated for Insurance Payout Fund. So am curious what is exactly this insurance payout funds and how it will be used?