Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from Bitcointalk thread.
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Cashaa Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Cashaa
For more details:
Cashaa – @CashaaLtd
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Safety First is Safety Always. Satoshi Club always cares about safety of its members, so today we would like to tell you about the AMA session with our friends from Safe Haven. The AMA took place on September 09 and our guests were Thomas, the Head of Business and Growth at Safe Haven and Logino Dujardin, Co-founder & CEO
The total reward pool was 800$ 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: Dear community, today our guests are from @SafeHavenio. @Safe_HavD and @AmbroTA , welcome to Satoshi Club!
Dujardin Logino: Thank you Serg, happy to be here!
Irina K. | @satoshi_club: Hi everyone and welcome to another episode of our AMA series
Thomas: Thank you, Serg.
Irina K. | @satoshi_club: Welcome @Safe_HavD and @AmbroTA! How are you today guys?
Serg | Satoshi Club: We are happy to have you here as well. a project with a good history behind it
Dujardin Logino: Pretty well, excited to answer all your questions 😉
Thomas: We’re well, thank you for asking.
Serg | Satoshi Club: For the beginning, please tell us about yourselves, how did you get into crypto, how did you start Safe Haven
Thomas: I’ve been within the space since 2014. I have worked as a moderator early on, began my own referral business (within the space). I started with Safe Haven in early 2018 – I have a background in business and human resources. I am currently the Head of Business and Growth.
Dujardin Logino: I’ve been in crypto since 2016 right before the madness haha. I started my journey in building a community for OMG that time. It was basically in that community that i talked to the current founder and CTO Jurgen about an idea we both had. That idea was digital inheritance since we both have kids but there was no secure and safe solution on the market. A few months later back in December 2017 Safe Haven was born.
Serg | Satoshi Club: December 2017 was the peak 😁 after that we’ve seen some hard times for crypto
Thomas: We worked through those hard times 🙂
Irina K. | @satoshi_club: A pretty hard period, wasn’t it?
Thomas: We kept our heads down and developed. That was the key.
Dujardin Logino: Correct. These times gave us the opportunity to not focus on the market but focus on building and our products.
Serg | Satoshi Club: How was it? many companies have closed their doors. You are still here with us 🙂 how did you manage to get through?
Thomas: Well, we stayed lean. The approach we took was to ensure we maintained low overhead and continued to develop in tech and on the legal side. While other projects continued to throw money at the space in efforts to pick up their viewership, we kept our heads down.
Serg | Satoshi Club: Did you raise some funds back then?
Dujardin Logino: Yes we started in ’17 on Ethereum but migrated in ’18 to VeChain. The scalability issues on ETH made us to take that decision. We did our ICO on VeChain in oktober ’18 and raised around 1.3M USD. Its important to know that this was also our hardcap. We had no intention in raising millions like others did.
Irina K. | @satoshi_club: Good numbers for 2018
Serg | Satoshi Club: so, those were the operational funds for the company until now
Dujardin Logino: Thats correct.
Irina K. | @satoshi_club: Ok, thank you guys for the introductions. In the first part we have questions collected from our community. Ready to jump into it?
Dujardin Logino: We are ready
Q1 from bitcointalk user nyosant
This is the first time that I hear about inheritance-related blockchain solutions. Please could you explain how you came up with this idea and how you are dealing with all the regulatory matters concerning inheritance?
Dujardin Logino: Like explained in the introduction the idea came from 2 founders having kids looking for a solution to pass on our crypto assets to our family.
Thomas: As far as the legal aspect; each country and jurisdiction has it’s own laws. It’s important that everyone who uses our solution is aware of their local laws and regulations. It’s one of the reasons we recommend each user to utilize a legal entity when they set up a decentralized inheritance plan on our platform, Inheriti. So the laws of each jurisdiction must still be followed.
Serg | Satoshi Club: I see. So, basically you provide the platform but the users have to take care care of the legal part themselves. it’s important to know
Thomas: It’s also one of the reasons we developed the Trust Alliance Network, which will be designed to be a resource for users in finding legal entities that have adopted blockchain/digital currencies.
Irina K. | @satoshi_club: Will it be like Yellow Pages of blockchain lawyers? Something like that?
Thomas: Yes, to some degree.
Serg | Satoshi Club: do you have a list already?
Thomas: The Trust Alliance Network is a functional platform that people can sign up on. We will be integrating verification standards within the near future. We also have some large organizations that already have legal contacts interested in becoming “legal entities” that people can reach out to within their jurisdictions. Of course, we want to release the flagship product Inheriti, first.
Dujardin Logino: You can already motivate your current lawyer or notary to sign up.
Irina K. | @satoshi_club: Do you have any incentives for them? To motivate them to switch and cover a new area/ topic?
Dujardin Logino: At the moment not yet. We are looking into a reward based system. But as blockchain technology keeps evolving and more people are looking for legal services, they can bring in more revenue by just signing up and offer their services to the crypto community.
Serg | Satoshi Club: I think that the financial incentives are enough 😁 from the contactor
Thomas: Keep in mind that these professionals work within the inheritance area. They will have to adopt in some way to ensure they can continue to provide their service. Bitcoin isn’t going anywhere…I believe the space has proven that
Serg | Satoshi Club: yes, and the first ones to do so will take a big pie of the crypto market
Thomas: Which means professionals within the inheritance market will have to find a means to provide a solution. However, no one is just going to hand over their PKs and PWs to a lawyer on paper.
Irina K. | @satoshi_club: Yeah, sure. So just to state some maybe a little bit obvious thing, but for someone that first hears about you it might help: you are into cryptocurrency inheritance business, no other type of inheritance
Dujardin Logino: We are targetting both traditional and non-traditional markets.Our first release the CE or Community Edition is 100% decentralised focused on the crypto community. Our BE or Business Edition is API based which makes it very easy to integrate in traditional providers.
Thomas: I will further this. We have reached out to several traditional vault-like organizations that organize the wishes of people, should something occur. They are JUST now beginning to get questions about crypto, but these are all centralized solutions.These centralized solutions area a gateway to information should they be infiltrated.
Serg | Satoshi Club: what if you give 4 parts of the private key to 4 different lawyers who don’t know each other?it’s more complicated, I know
Dujardin Logino: That would be a problem. Imagine you pass away and one of the others as well. No one could have access to the PK.
Irina K. | @satoshi_club: Death complicates things
Thomas: This wouldn’t be advisable. The goal would be to have one validator like a lawyer verify the legality of one’s passing. The rest would be family members or trusted individuals.
Serg | Satoshi Club: I think this topic is covered. We will cover some aspects of it in the next questions but for now I think we are clear 🙂
Q2 from bitcointalk user george.bend
You are one of the most serious projects in crypto, you already applied for multiple patents. Can you update us on their status? How many are approved and which ones in pending?
Dujardin
Logino:
Correct. Our patents are
currently pending in US, China and Europe. I could give an
explanation on what we just protected but it is to much to cover
here. If that is ok, i will just share the overview in the chat.
Recently we applied for HongKong as well since this is a seperate jurisdiction.
Serg | Satoshi Club: by Europe you mean EU, right?
Dujardin Logino: Correct. The entire European Union.
Serg | Satoshi Club: What about other countries? In Russia for example?
Dujardin Logino: We have to start somewhere ofcourse. These patents are taking a huge chunk from our funds. We believe that with EU, US and CN we cover the most important regions for now. Ofcourse, in the future i am sure we will expand.
Serg | Satoshi Club: makes sense 🙂 and how much does it take for them to be approved?
Thomas: We continue to research different countries, in which to further our filings. The aspect of legal protection on patents is extremely time consuming.
Dujardin Logino: Filing a patent and having it approved can take up to 24 months.
Serg | Satoshi Club: ohh, these bureaucrats
Thomas: Depends on the filing itself, what it covers, the extent, etc… But as Logino mentioned, it could take years. The positive thing is that a patent pending acts as initial protection as per the date filing.
Q3 from Telegram user @Jonahapagu
A common Crypto quote says “Not your keys, Not your coins” when a user shares parts of his privates Keys with the Trust Alliance Network of Safe Haven How do your ensure that this private keys are not compromised by members of your Trust Alliance Network and does every member of this network have the ability retrieve the complete keys of users at anytime.
Thomas: Before we go further, Safe Haven does not manage any of the information that the user wishes to make inheritable. That information is stored on our U2F Fido and Cold Storage device, SafeKey. And that information is encrypted and only shares of the information accessing the inheritable data. And because it is decentralized, not one person can put together the data. Further. Let’s *pretend* someone attempts to compromise that data – our Inheriti platform has Dead-Man Switches that are selected by the user. When the plan is attempted to be merged those DMS activate.
Serg | Satoshi Club: maybe you get this question a lot and maybe you explained it a hundred times 😀 but many of our users don’t know about this. So, it’s good you are explaining the process behind it
Dujardin Logino: Also, only the initiator creating the plan knows what he has encrypted in the platform. You can go to our documentation: https://docs.inheriti.com and move to the part “We don’t own your critical information/data”. For the tech people in here, this is crucial information.
Irina K. | @satoshi_club: *Let’s *pretend* someone attempts to compromise that data – our Inheriti platform has Dead-Man Switches that are selected by the user. When the plan is attempted to be merged those DMS activate.* – What happens when the DMS activate?
Thomas: Remember, only one validator from the TAN should be used – or one that is your own resource. Other SafeKey holders are your family members.
DMSs are scenarios that allow the initiator to stop the process should they be alive and well. Emails, Login, Text Message, etc… They set up the DMS within the platform and set a timeframe for themselves to answer the switch. If the switch is not answered to within the allowed timeframe (set by the initiator of the plan) the family members and validator (legal entity) would be able to merge the data and obtain the inheritance.
Serg | Satoshi Club: so it’s like a 2FA
Dujardin Logino: Let us say its an extra security measure to make sure no one can bypass you as long as you are alive.
Serg | Satoshi Club: Theoretically, if I select to confirm them by email but I get lost for 1 week in a vacation without internet, I might get bypassed?
Thomas: Correct, so you want to establish multiple DMS. As we expand we will be adding more live-real-time coverage to ensure DMS are not missd.
Dujardin Logino: If you have chosen to confirm within a week yes. We advise to activate several DMS functions within a plan. E-mail, phonecall, sms, etc
Thomas: Only you know your lifestyle and what would work best for you. Now, keep in mind – let’s circle back to legally speaking.… Your validator – the person who has merge authority, should also be considering a legal certificate of some sort. Because, they would be risking their profession
Irina K. | @satoshi_club: You better keep your phone close to you 😊
Serg | Satoshi Club: and your enemies closer 😀
Dujardin Logino: Thats not a problem when you are in crypto, aren’t we all checking our blockfolio every minute 😁
Serg | Satoshi Club: I try to do this addictive thing less often 😁
Thomas: Yea, Serg – not fooling anyone. We live here, too.
Serg | Satoshi Club: you got me 😁 thanks for the explanation 🙂
Q4 from Telegram user @prahenkris
I see that you listed 10 products on the website! That’s impressive. Can you explain the most important ones. What are their functionalities. Also, what number of users do you have on them? number of downloads
We have several important solutions who we believe will change the future of decentralised finance. Before i deep dive in some of them, all these are VeChain based but we will expand them to Ethereum and other chains in the future. The first one is ThorBlock (https://portal.thorblock.io
ThorBlock has 3
different use cases within that platform, 1) Pooling solution
(similar to PrimaBlock), 2) Fundraising platform like KickStarter or
GoFundMe and Charity solution where you can donate to your favorite
charity organisation.
Thomas: Our hardware device – which is covered under some of our patent filings – SafeKey is the cold storage device for which is necessary to establish a plan on Inheriti: https://shop.safetech.io
Dujardin Logino: ThorPay is a mass payment solution where you can send multiple transactions and currencies by clicking one button. We use the all occurs or nothing occurs model so if one transaction fails, they all fail. These is a solution for B2B clients who are sending out many TX’s monthly or daily to employees, bounty hunters, etc.. This one is currently in BETA
Serg | Satoshi Club: Will it be available for multiple blockchains?
Dujardin Logino: Currently on VeChain, ERC20 tokens will follow.
Thomas: ^ SafeKey could also be utilized in efforts to conduct multi-signatures transactions within ThorPay and issuing large blockchain payments.
Serg | Satoshi Club: nice, please add Tron as well 😁
Dujardin Logino: I forward to the tech team 😁
Irina K. | @satoshi_club: How big is your tech team by the way?
Serg | Satoshi Club:@ciupidos was searching once for a solution for TRC20 and couldn’t find it. So, if you will have one, we will definitely use it 🙂
Dujardin Logino: The luck we have is that 2 of the founders are very technical. Jurgen the CTO worked for the European Parliament as Security Engineer for over 15 years. Andy our COO has worked for the House Of Hr for over 10 years as a full stack developer.
Besides the 2 founders we have 2-3 people working for us on a freelance model, depending on the tasks need to be done. I am speaking about blockchain architects ofcourse.
Serg | Satoshi Club: I would like to ask Jurgen how many cyber attacks they had on the European Parliament in 15 years 😁
Dujardin Logino: He was basically an Ethical Whitehat 🙂
Irina K. | @satoshi_club: thanks for sharing. Lately a lot of projects don’t share important info about their teams
Dujardin Logino: We have been transparent to our community since day 1 on all aspects. Indeed, its important to own the key of your platforms and not rely on third parties. For that reason we have our own wallets etc
Serg | Satoshi Club: you developed a wide variety of products, I like that
Q5 from Telegram user @iulya_i
VeChain,
Digibyte and others complete the long list of partners. Can you
please name all the important ones and what were the benefits from
these partnerships
Irina K. | @satoshi_club: We had a part regarding number of users that this products have
Serg | Satoshi Club: oh, yesss
Irina K. | @satoshi_club: if this information is available
Dujardin Logino: Sure. So like i said before, all these solutions are running on VeChain. VeChain is a new ecosystem with currently 5-6 projects. It is not comparitable to Ethereum (yet) so the users on our platforms are not as high as should be. This is the reason we partnered with others like Matic, DigiByte, Harmony, etc to push our solutions to other communities.
Thomas: So there are several benefits when working with the partners. Every partner is important – for example Matic Network has a strong influence in India, a growing area of blockchain. Harmony is a U.S. based project with several network relations within the country. Digibyte is truly decentralized – which is exactly what we are. VeChain is a solid blockchain, capable of scaling and mass payment protocol; an important part of our solutions on the tech side. The other aspect is that these teams are all very approachable and we hold discussions to pick the brains of the others in efforts to make the space a more approachable segment.
Dujardin Logino: We can say that with our fundraising platform included, we have +1000 users active. I think the Comet wallet has been downloaded 3000 times?
Irina K. | @satoshi_club: Great, thank you. I’m happy now :blush:
Thomas: We also try to bring communities together. The space is too tribal – we need to move past that.
Serg | Satoshi Club: that’s good metrics for the crypto world. How do you define an active user?
Dujardin Logino: For example Comet is integrated in almost all VeChain ecosystem dApps so these are people who use our wallet on a daily basis. That is also one of the reasons we target the traditional market. We have been speaking about making your private key inheritable but this is not the only solution we provide within Inheriti. You can make Facebook, Gmail, LinkedIn accounts inheritable, recepies, pictures, passphrases, etc… Our solution will be designed in a way that traditional users have no idea they are using blockchain technology but in the background they are utilising our SHA token to initiate plans and write their assets to the blockchain. In my opinion thats the key to sucess and mass adoption.
Serg | Satoshi Club: Yes, I don’t have to know how Internet works in order to use it
Irina K. | @satoshi_club:@Safe_HavD@AmbroTA we have a tradition in Satoshi Club – our guests are encouraged to share a secret with our community. What do you say? Maybe there is some important announcement, or partnership that you can tell us about?
Dujardin Logino: For some reason i saw that one coming 😁 Allright, normally i don’t announce announcements but there is something i can say. And i will try to say it without breaking any NDA’s 😁 Recently we have been listed on KuCoin which in my opinion is a Tier1 exchange. What i can say is that we are speaking to another top tier1 exchange to support SHA on their platform.
Thats it, nothing
more 😁
Serg | Satoshi Club: after C comes Z? 😀
Dujardin Logino: After C comes D 😁
Irina K. | @satoshi_club: This is what digital schools does to people 😀
Thomas: Crypto follows a different alphabet.
Q6 from Telegram user @bitcoinistic
According to statistics and surveys, the biggest part of cryptocurrencies is owned by people up to 40-45 years. We all know that at younger ages we don’t think about death, inheritances and this kind of stuff. The present is more important to us. What is the message you have for them? How do you switch their focus and convince them that preparing an inheritance is important?
Thomas: These are the questions that we have to get people thinking about. Yes, the space is generally younger and not thinking about end-of-life scenarios. Within our community, we really speak about family and how our actions as a team affects those of our community. It’s a tough conversation to push, because no one wants to speak about it. However, we ARE seeing a maturing of the space. Which has been beneficial to our project. With the maturing of the space we’ve seen traditional investors entering, we’re seeing that people are bringing up these questions.
Dujardin Logino: Specially with the COVID-19 situation going on, we see people that start to think about unforeseen circumstances. We all are spending a lot of time and maybe even money in Bitcoin and other assets. But if there is one thing you can not control, it is the day they come for you. And everyone here in this group should think about that. You are never to young to be prepared. I would like to share this article from CoinTelegraph who covered us a few weeks ago: https://cointelegraph.com/news/study-89-worry-what-happens-to-their-crypto-after-they-die
Serg | Satoshi Club: Agree 🙂
Thomas: We have also seen scenarios where big names within the crypto-space lose assets due to death (exchange personal with the ONLY keys to cold wallets). You an easily google-search “lost cryptocurrency stories” and find plenty on people who lost their funds or their spouses were not able to obtain their currencies. COVID19 has increased the interest in looking towards the future. Much of our core community members came to our project with their children in mind, truthfully.
Serg | Satoshi Club: btw, have you noticed increased interest now?
Thomas: Yes
Dujardin Logino: It seems that 89% do worry about their crypto legacy. So 89% from probably 50M users in the space and only one solution available…
Serg | Satoshi Club: I can testify that sometimes I think about this :grinning: what happens to all my crypto if smth happens to me
Irina K. | @satoshi_club: You’ve got yourself a nice potential market 😊
Thomas: And you should…
Serg | Satoshi Club: before I met Safe Haven, I though of scheduling an encrypted email to my dearest ones. I see there are better solutions
Thomas: I mean, everyone that we speak to tends to utilize a written document hidden and protected. But, this is still an open document. Assume a fire/burglary/etc… With our backup shares stored on the blockchain – one person (holder of SafeKey) could lose their SK…But the others would still be able to obtain the information with our backup shares. So, you’re not completely dependent on your master-list.
Irina K. | @satoshi_club: Did you already encounter situations like this?
Thomas: No, but we’re thinking about it and that’s what is important.
Irina K. | @satoshi_club: Got it. :+1: Thank you for your answers guys. That was it for part 1
Dujardin Logino: Not only thinking about it, we are providing a safe and secure solution for everyone in and out the space.
Irina K. | @satoshi_club: Do you want to add something to your answers here or can we jump to part 2?
Thomas: We have to think about every possible scenario to ensure that our solution always manages to provide what we state it will – that is, an inheritable amount of data in a decentralized fashion that protects against the “Oh no” scenarios.
Dujardin Logino: We can move to part 2
Part
2 — live questions from the Telegram community
Q1 from Telegram user @Nickkiii
Talking
about security, have you conducted an audit on the Inheriti smart
contract to ensure it has no flaws and ensure the safety of the
#Inheriti
platform?
Dujardin Logino: Yes we did. All our smart contracts have been audited and the platform Inheriti is being audited for the next 24months by Intigriti. Intigriti has the worlds best hacker in its rangs. More info about them here: https://www.intigriti.com/
Q2 from Telegram user @imones94
Any
plan to tokenize the SHA Nodes as Non-Fungible Tokens and make them
tradable?
Dujardin Logino: Yes. The mart contracts from our NODES are already compatibel as NFT’s. There are plans to make them tradable in the future.
Q3 from Telegram user @hambiew
How
will Safe Haven plan on funding the future cost of running the
foundation and paying
wages to the large team? Will you set up
any sustaining treasury, if not then how?
Dujardin Logino: The company is still 100% owned by the 3 founders. We are speaking to VC’s and are planning our first angel round for traditional investors.
Q4 from Telegram user @Termuxnih
Is
our data safe? if it is safe and reliable, state the reason why you
answered safe
Thomas: Yes! It is due to the decentralization of Inheriti. We don’t manage any data. We provide the means for you to manage it and secure it while alive and well, but we don’t compromise it while you’re here. The SafeKey itself is designed with all up-to-date and current security standards. It further requires physical touch to activate. This provides several layers of security.
Q5 from Telegram user Crypto is FUTURE | Crypto Love
SHA
Token Price Has Increased 3000% Between Mid July & Now ?
So,
My Question is Whats The Secret of This Success & What Makes SHA
special ?
Dujardin Logino: I think the Covid-19 situation played a crucial role here and next to that we had several media covering us and our solutions, patents, etc.. There is a need for a solution like ours and we are solving a real world problem.
Q6 from Telegram user @surendra040
What
is roadmap for 2020
Dujardin Logino: Our roadmap right now is being focussed on the first release of Inheriti who is 100% decentralised. Right after that we will focus on integration with traditional players and make our solutions multichain to attract more communities.
Q7 from Telegram user Para Bellum
All
your products runs on VeChain ecosystem which is not compatible with
Ethereum. Any plans to build a SafeHaven-Ethereum bridge to connect
both ecosystem, solve interoperability issues and increase userbase?
Thomas: Yes, in fact – I would expect to see the potential bridge into Ethereum in the near future. Our CTO and development team is already in discussion to ensure that the ETH community can utilize our products without stepping through hoops. It’s the same reason why we partner with projects within the space, the idea is to drive away the tribal mentality and product a product that is healthy and sustainable for the blockchain market at large. But again, keep in mind this isn’t just for blockchain and crypto – the goal is to utilize Inheriti as a disrupting technology that is more secure than the standard centralized vault-like solution.
Q8 from Telegram user @Hyynyom12
How
important is the community to Safe Haven? and how can we collaborate
or help share token for the development of the project?
Dujardin Logino: Our community has been extremely important since day 1. We developed and survived during an extreme bearish market with limited funds. Our community has pushed us beyond our limits and every decision we make is with them in mind.
Serg | Satoshi Club: Thank you for answering! 🙂 how is the AMA so far?
Dujardin Logino: I love it! Sad we can’t answer all these questions but they are always welcome in our official channel for more details.
Thomas: It’s been a extremely enjoyable experience with Satoshi Club and we appreciate the structure.
Part
3
– Quiz
Results
In the final part we tested your knowledge in terms of Safe Haven. They’ve prepared 4 questions for this part. The total reward pool for quiz was 500$.
Part 1: 200$ /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: 200$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Rebased Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about Rebased
For more details:
Rebased – @rebasedTG
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
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$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Foresight Team will select 10 questions and answer them.
Part 3: 500$ – A quiz about Foresight
For more details:
Foresight – @ForeSightCrypto
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from Bitcointalk thread.
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. MCDEX Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about MCDEX
For more details:
MCDEX – @Mcdex
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from Bitcointalk thread.
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Chiliz Team will select 10 questions and answer them.
Part 3: 3004 – A quiz about Chiliz
For more details:
Chiliz – @chiliz_io
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from Bitcointalk thread.
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Bitcoin Gold Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Bitcoin Gold
For more details:
Bitcoin Gold – @BitcoinGoldHQ
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Every day we go on a new exciting journey with SatoshiClub, so join us today and be ready for crypto adventures. Today we would like to tell you about the AMA session with our friends from Kira Network. The AMA took place on September 08 and our guests were Mateusz Grzelak, Kira CTO and Milana Valmont,Co-Founder & CEO of Kira Core.
The total reward pool was 800$ 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
Irina K. | @satoshi_club: Today we have as our guests Kira Network, @asmodat welcome
Irina K. | @satoshi_club: So, how are you today guys?
Asmodat | KIRA Staking: great, and great to be here
Milana Valmont | Kira Network: amazing
D. | Satoshi Club: so before we start our Q&A session, could you tell us a bit about yourself and how did you get involved in crypto?
Asmodat | KIRA Staking: My name is Mateusz, Kira CTO. I am an electronics engineer, in crypto since late 2011, involved in interchain/web3 ecosystem space for the last 3 years, worked as R&D developer for Barclays Bank, then as lead infra engineer for US based Settle Finance then as product manager for the crypto exchange in Switzerland called Bity, shortly after that started Kira with @miLanavaLmont My journey to the industry come with obsession about algorithmic trading which I was exploring by wrapping my tools around MT4, I learned about crypto from reddit somewhere around 2011 and gave GPU mining a go, all started from there.
Irina K. | @satoshi_club: Nice. What did you mine? Still based in Switzerland?
Asmodat | KIRA Staking: Initially BTC but I was already late to the game with my poor hardware, later on DOGE since the very fist blocks : ) Right now Prague, CZ
Milana Valmont | Kira Network: Hi everyone, my name is Milana Valmont, I have a corporate finance background from NY. I got the crypto space first as an investor in early 2017 and later the same year I joined Binance exchange as a community volunteer After that I have worked as project manager for Adcoin com and was an adviser to Sentinel dVPN. In 2018 I joined Knoks platform as head of strategy, and by mid 2019 I dedicated my full attention to Kira as CEO
D. | Satoshi Club: look like you guys have solid experience in crypto:grinning:
Irina K. | @satoshi_club: Yep. Not a lot of people know how to build a mining rig 😊
D. | Satoshi Club: im definitely not)
Asmodat | KIRA Staking: Lol It wasn’t a mining rig, I was never that rich to afford something like that : )
Milana Valmont | Kira Network: haha time flies to be honest, one day you’re a noob and after 4 years its total 180 lol
D. | Satoshi Club: yeah that’s for sure
Irina K. | @satoshi_club: Yeah but if it wasn’t for the money I’m sure you could have built it by yourself 😊
Asmodat | KIRA Staking: I am EE, should be in my scope, but it is very difficult to optimize your costs and actually make profit on BTC and other crypto mining. I have all the respect to the people who do that
Irina K. | @satoshi_club: Ok, thank you guys for the intro. In the first part we have questions collected from our community on our platform.
Q1 from bitcointalk user juanes
You
have a novel crowdfunding tool: IDO. Why you decided that there is a
need to create a new one? why not use an existing one? is it
different?
Asmodat | KIRA Staking: We call it IVO – validator offerings now because people were confusing IDO with dex offerings. We conceptualized a new way of crowdfunding because we wanted to have a new mechanism propelling the next paradigm, but without exposing retail to all the risks that that ICO’s were bringing.
Irina K. | @satoshi_club: Could you elaborate on how does it work?
Asmodat | KIRA Staking: IVO comes with the pure DeFi spirit of yield farming -> instead of spending your money to buy a token -> you stake your coins to interchain-mine new coins projects that deploy IVO’s earn commission fees while delegators earn new tokens
Irina K. | @satoshi_club: Oh, got it
D. | Satoshi Club: good clarification thank you
Irina K. | @satoshi_club: Did you consider other funding sources?
Asmodat | KIRA Staking: Of course we did, you should not relay on a single source of income
D. | Satoshi Club: can you tell us about those sources?)
Asmodat | KIRA Staking: We are not crowdfunding platform to be clear, we are building our own network to propel DeFi with liquid staking, so I can’t advise on other mechanism
Milana Valmont | Kira Network: in terms of the funding for our project, we closed the private round few weeks ago and preparing for the public round which will come shortly but it will not be the IVO, we will have an IVO after mainnet to showcase it onchain
Q2 from bitcointalk user bitmartbounty
How
are you able to support Staking of any assets like real-world assets,
NFT’s, stablecoins or other cryptocurrencies. What Criteria is
applied in selecting assets to include into your Platform
Milana Valmont | Kira Network: We’ve created our own consensus mechanism called Multi Bonded Proof of Stake to enable that. the governance of the network white lists tokens and defines interest rates for staking them to attract other people to come to the network and yield farm and trade
D. | Satoshi Club: btw could you explain briefly about NFT? it’s still kinda a new thing in crypto not all people understand what is this. 😉
Milana Valmont | Kira Network: NFT is a non fungible token that cannot be divided, its unique item that is tokenized, for example game, art items etc
D. | Satoshi Club: @asmodat you want to add something?
Asmodat | KIRA Staking: Well you can stake NFT’s on Kira just like you can stake any other asset – it has to be whitelisted by gov and have assigned interest rates for staking
Irina K. | @satoshi_club: Great. Thank you guys. I think this is covered 😊
Q3 from Telegram user @malhang
15%
for the team, 7% for advisors, 20% for reserves. Why do you need 20%
for resrves? how can they be used? Also, do you have any lockup fot
the team/advisors/reserve?
Asmodat | KIRA Staking: We are leaving ourselves option for the future, e.g. to showcase IVO and reserves are also essential for MM + some of the exchange listings, we can’t predict the future. All tokens have very conservative vesting schedule, we will be making public announcement regarding token distro schedule so stay tuned
Irina K. | @satoshi_club: Could you tell us more about the vesting schedule?
Milana Valmont | Kira Network: Seed and private investors will get small % (<5%) of liquidity during our Erc-20 public round and the vesting will start at our main net launch token genesis event
Q4 from Telegram user @tryharder
Kira
Network is using 2 protocols to interconnect with networks. Cosmos
and Polkadot. Please explain how this works and why you have taken
this decision
Asmodat | KIRA Staking: Those protocols are the most mature and most well suited for the interchain use case – permissionless and trustless. They are pegging mechanisms -> to transfer coins on one ledger to another coins are locked on one chain in verifiable manner and issued on another.
Q5 from Telegram Username @Adnan_Shakib
Many Decentralized Networks have dependencies on centralized parties, & that a weak link, Are you guys fully Decentralized? What is the main Problem You guys facing in achieving that?
Asmodat | KIRA Staking: Every network needs way to bootstrap, we want to be not only decentralized as a network – but also ensure that development effort is also decentralized and no single centralized party is the only contributor to the codebase. We are creating a gov system that can self-evolve as well as building up on-chain contracting system so that network itself cna self evolve and hire developers on-chain.
Q6 from Telegram Username @stekbyte
Are there any analogues of the Multi-Bonded Proof of Stake consensus or is this your unique development?
Asmodat | KIRA Staking: From my research MBPoS the the very first consensus to introduce concept of staking multiple assets to secure the network and induce capital flow to the dApp deployed on top.
Part
2 — live questions from the Telegram community
Q1 from Telegram user @pok990
What
are the penalties for delegates, validators who are mostly offline,
and those trying to fork?
Asmodat | KIRA Staking: There are no penalties for going offline because governance of Kira curates validator set and can evict validators that on purpose try to delay the consensus. In case of fork attempts there is slashing penalty but it is governance assisted and only takes effect if multiple validators try to coordinate the attack. With Kira you are not going to get slashed for misconfiguring a node or by tripping over the cable in the data center.
Q2 from Telegram user @amybrow
I
am not really impressed with your project, Can you tell us some
advantages of this project? And why should I buy KEX?
Milana Valmont | Kira Network: With Kira stakiing any asset (crypto, digital fiat, stablecoins and NFTs) and earn revenue and trade. You can use KIRA and other DeFis at the same time to utilize 100% of your liquidity with Kira’s staking derivatives. And with the more assets are at stake the more secure and liquid Kira becomes, which is the opposite of other PoS projects, so you can stake and trade in the most secure and scalable manner. Regarding KEX, staking KEX is the most efficient way to earn block and fee rewards. If you want to be part of the governance or validator set you will also need kex so you can earn more rewards from that
Q3 from Telegram user @Rosane1a8
Kira
achieves throughput and availability with its sharding feature.
Sharding has been highly criticized for compromising functionality of
the network. How is this feature benefitial in Kira Network’s
ecosystem and how is functionality not compromised?
Asmodat | KIRA Staking: In case of Kira our sharding works by the subset of validators operating a shard – those vlaidator scan be interchain-slashed if they misbehave. Thanks to our MBPoS consensus we can ensure that there is always more value at stake than the value deposited to the shard which means we do not have cap in terms how much we can scale out and there is close to zero overhead while settling balances on the hub (relay-chain).
Q4 from Telegram user @ipman099
Kira
Network project is powered by Tendermint and backed by The
Multi-Bonded Proof of Stake. What are the advantages of this?
Asmodat | KIRA Staking: Instant finality of transactions and possibility to secure the network using basket of tokens rather than a single volatile asset.
Q5 from Telegram user @Dmsaly14
How
does KIRA solve scalability problems?
Milana Valmont | Kira Network: Regarding scalability- Kira uses a hub spoke architecture just like Cosmos, so we will have the hub (settlement layer) where people can deposit and stake their assets and all the trading execution happens on the zones, so blockchain application is fully sharded, you can have almost unlimited amount of trading pairs.
Q6 from Telegram user @Valobashituma
You
guys are doing Ama’s in all group & almost answering same types
of questions again n again? How do You feel about it?
Milana Valmont | Kira Network:We wish questions were a bit more creative but i understand that some people have 0 knowledge about KIRA so they ask very general questions to understand the basics of our idea and technology
Q7 from Telegram user @VladBondd
Could
you tell us the strategies KiraNetwork has put in place to ensure it
create an atmosphere where value is retained in the DeFi ecosystem as
opposed to a never-ending loop where users withdraw their crypto/fiat
revenues?
Asmodat | KIRA Staking: Governance of the network controls inflation and interest rates for staking other coins as well as all aspects of the economy, they posses all the tools to optimize economy and keep users in the loop.
Q8 from Telegram user @Paula9999
I’m
interested in investing, though I missed the Presale round, Do you
plan to have a public sale soon ? If yes, how many rounds you’ll
have, what’s the minimum and max cap ?
Milana Valmont | Kira Network:Yes we will have the public round for $400k, we will create the whitelist so that people will have ways of getting in. We’ve had the seed and private round and will have the public round soon, no more rounds after that. Hard cap is $4M total for all the rounds. So just stay tuned for our announcement regarding the white list 🙂
Asmodat | KIRA Staking: We are not using smarcontracts and building up a very strong and flexible permissioning system that allows both the governance to secure the network (e.g. sybil resistance) and users to secure their accounts (e.g. sub-keys – hot/cold wallets)
Q10 from Telegram user @Aguacate30
I
would like to know a little about your consensus protocol The
Multi-Bondend Proof of Stake. Why did you choose to use this and not
POW? How does it work and how can you get the rewards?
Milana Valmont | Kira Network:We created our own consensus MBPoS because other solutions do not offer the security that we need, with PoS you can stake only a single coin and you are very limiting your security to the value at stake in terms of the single particular token and its volatility on the market. MBPoS doesnt have such issue, we also need instant finality which means that PoW cannot be used as it has probabilistic finality which is not the best for financial apps
Part
3
– Quiz
Results
In the final part we tested your knowledge in terms of Kira Network. They’ve prepared 4 questions for this part. The total reward pool for quiz was 500$.
Part 1: 400$ /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: 400$/15 users – Open chat for 80 seconds. You can post Max 3 questions. GemStake Team will select 15 questions and answer them.
Part 3: 1200$ – A quiz about GemStake
For more details:
GemStake – @GemStakeio
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Welcome to another episode of Satoshi Club AMA Series. Today we would like to tell you about the AMA session with our friends from Gotem. The AMA took place on September 7 and our guests were Tawei Chang and Karma GotEM.
The total reward pool was $800 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 @gtxgotem. @iambhutia and @ty8851,
welcome to Satoshi Club!
Luis Merino | Satoshi Club: Hello! Welcome to Satoshi Club @iambhutia. Nice to meet you. 🙂
Karma GotEM: Thank you.
Tawei Chang: Hello all!
Serg | Satoshi Club: Hey guys 🙂 Please tell us a bit about
yourself. how did you get into crypto and how did you start Gotem.
Tawei Chang: Got into crypto very early, back in
August 2011. This was back then when you could only get BTC on MTgox.
Serg | Satoshi Club: So, you mined BTC with your laptop?
Tawei Chang: Not at all, just bought a handful
over mtgox, at that time btc was pretty worthless, even played on to poker
sites that used btc. Gotem started off as MeetMySpy.
Luis Merino |
Satoshi Club: Oh! That should be a great amount of money now.
Tawei Chang: Yes! I had gave away a great amount
of money! 😂
Serg | Satoshi Club: So, what is the story behind Gotem?
Tawei Chang: Basically due to several experiences,
including me getting scammed out of some btc, I realized it’s hard to track
people down and investigators are hard to hire. So created a marketplace called
meetmyspy back in 2015. loaded it up online and a year later revisited the
marketplace to find real detectives signing up and people posting cases for a
lot of random stuff. 2017 was actively running the platform. Realized there
were way too many issues within the investigations industry, I met karma in
2018 at startup thailand. He gave me the inspiration to make the platform
something bigger, like a holistic view and we pretty much rebranded and
reinvented the platform into gotEM.
Serg | Satoshi Club: Karma, would you like to make an introduction
before we get to the question part? questions from the community.
Karma GotEM: Well @ty8851 has covered the origin
story… I’m from India. Been an entrepreneur mostly, so this is my first foray
in the blockchain/crypto space with @ty8851, I’ve subscribed to the vision of
Gotem with @ty8851 and now am glad that there is a community that shares the
same vision….
Q1 from Bitcointalk user JonahAp
Does Gotem have partnership with the
Interpol and other international organizations involved in investigating and
handling international crimes? how does Gotem source for Investigators?
Tawei Chang: We do not plan to make any formal
partnerships with these sort of agencies at the moment because we feel this
would cause the platforms decentralized agenda to become corrupted. Our
rebranded platform Gotem has just wrapped up recently with a rough MVP and we
are on-boarding users currently.
I think that
as more adoption is gained and these global organizations actually see that
smart contracts and blockchain can solve many issues with transparency that I
believe it is a possibility they will either use the platform as a 3rd party
service or perhaps seek a partnership to utilize the platform through an API.
Luis Merino | Satoshi Club: So you want to keep GotEM fully
decentralised, and it’s surrounding too. Blockchain is the future. Let’s see if
it gains more adoption soon.
Tawei Chang: Such a platform seems to not work
well as a fully decentralized platform. The reason for that being that there
are too many bad actors that would use investigations for evil rather than good.
The platform works partially decentralized. It could be the case that a few
years DAO voting would allow for such a platform to be fully decentralized
Karma GotEM: And to add to this the GotEM platform
is the place to source investigators and post investigation requirements as
well. In essence like a matchmaking marketplace.
Serg | Satoshi Club: I was scammed of 3 BTC last year. Am I able to
find where did they go through your platform? 😁 I am just
curious to see what channel did he use and maybe to block his accounts.
Tawei Chang: You can upload your case to the
platform and then discuss with investigators or techies that are able to trace
the transactions.
Serg | Satoshi Club: I’ll try that. 🙂
Tawei Chang: Yes, please do. But it depends what
information you have. If you have enough then something can be done.
Luis Merino | Satoshi Club: That would be very useful. There are
plenty of scams daily, just hope GotEM gains users… It’s a great solution for
this problems.
Tawei Chang: Right so users. in 2017 I started
running google ads for investigations. and I set a budget of $150 a month and
we would average $100k in case value every month Right so users. in 2017 I
started running google ads for investigations. and I set a budget of $150 a
month and we would average $100k in case value every month. Right so users. in
2017 I started running google ads for investigations. and I set a budget of
$150 a month and we would average $100k in case value every month.
If it’s
something with skip tracking, locating someone, you need full name, DoB,
social, stuff like this. If it’s something with skip tracking, locating
someone, you need full name, DoB, social, stuff like this. So thats why
crowdsourcing works for cyber investigations.
Luis Merino | Satoshi Club: What a pitty that some scammers know
really well how to save their public image.
Tawei Chang: A full name and DoB can get you
someones social in the US. Right, they can use proxies or VPS…
Q2 from Bitcointalk user gustafsson
We all have seen in the news the
possible poisoning of a Russian opposition leader with Novichiok. Since your
project is able to do better investigations, are you capable of finding if the
Russian government did or did not poison him?
Tawei Chang: We want to avoid investigating
anything political for now, the reason being is that we would wind up making
enemies with powerful people and karma and I would probably disappear!
Karma GotEM: Well there is a humanitarian aspect
to the platform as well. One of the things that that platform can help is in
the humanitarian needs area.
Tawei Chang: NGOs have a hard time raising funds
and sourcing man power. We hope our platform can address this by letting NGOs
use the platforms API to post their missions and to raise funds and source help.
Q3 from Telegram user @abedmahmud
You mention that there is difficult
to hire a detective nowadays because they are not trustworthy or because you
need to pay in advance without being sure of the results. I understand that.
But how are you solving this?
Tawei Chang: Another excellent question!!! Let me
answer in detail.
There ARE
trustworthy detectives but the large majority of them cannot be found because
google has dominated the advertising space. Many detectives simply do not know
how to market or advertise in order to get clients. Which is why meetmyspy was
gaining so much adoption. Not to say there werent scammers joining the site,
there were but there were excellent old school detectives that found our site
to be useful because we could advertise for them, load their creds up and make
it easy to communicate with their customers.
Our platform
does not allow more than 20% of a retainer and then can be voted on when you
participate in a crowdfund for an investigation. Smart contract technology can
allow funds to be held in a blockchain escrow and voting can determine if funds
are released for each milestone based on the total number of votes yes/no. Small
time investigators that still use yellowpages, whitepages would start getting
noticed over the platform over time as they taking on cases.
The issue
with investigations is everyone is going to google to search for someone, and
you’ll find scammers and corporations with large budgets to advertise their
services. You contact someone you find on the first page and they take up your
entire day doing intake and they dont discuss pricing till you are fully
dedicated and divulged so much information you are exhausted and dont have
energy to find someone else
Scammers are
going to avoid our platform like a plague because of the voting capabilities,
smart contract escrow, and ratings and reviews that are embedded permanently on
a public Blockchain, so naturally all the detectives and freelancers that are
legit will flock towards the platform to provide a real service
Serg | Satoshi Club: Thank you for this thorough
explanation.
Q4 from Telegram user @ion_cristescu
Why you’ve changed your name from
MeetMySpy to Gotem. Why you need blockchain technology to implement your
solutions?
Tawei Chang: We felt that a change from meetmyspy
into something that could be taken mainstream made more sense. A lot of people
would snicker or laugh when they heard meetmyspy. Spy has a sort of negative
connotation attached to it.
With
blockchain tech, it wasnt till end of 2017 that I realized how the Eth smart
contract and blockchain could change the investigations industry forever. After
operating the platform, I realized it was all an issue with trust.
Serg | Satoshi Club: GotEM is from got them?
Tawei Chang: Yes! Got’em. Like we got’em.
Smart
contracts and a DAO allows for voting which removes the need for a third party
disputes company and blockchain means transparency for where funds are held in
escrow, and with someones performance record embedded on the public BC it will
hold investigators accountable to their actions / results. This also eliminates
the ability to game the ratings which we see with google reviews and many other
sites
Our token is
basically used to execute a smart contract between users. Hence the utility
behind our token.
Luis Merino | Satoshi Club: Blockchain connected with
investigation is great.
Tawei Chang: Interestingly we are thinking we can
have people stake their tokens in a fund which can later be used for a large
scale global investigation or humanitarian mission all over a DAO, this is like
a DeFi Investigations idea.
Luis Merino | Satoshi Club: So you plan to include a staking
program for token holders.
Tawei Chang: Yes we had been planning for node
staking since 2019. That was to already be included, node staking. We need node
staking eventually to make gotem decentralized.
Luis Merino | Satoshi Club: Do you have an approximate date for
its launch?
Tawei Chang: It would operate similar to tor. Platform
MVP beta is currently launched. platform.gotem.io
Luis Merino | Satoshi Club: DeFi is destroying the market, so
it’s always a great idea.
Tawei Chang: For blockchain to be implemented, we
begin end of year and we would be able to have partitions of the platform decentralized.
DeFi can work if its meant for a greater cause. I believe a reserve fund which
can be voted for a usage by everyone can change the game. A reserve fund for
private security, or a global investigation.
We need help
from the crypto community. We need more funding to build more and faster. I had
raised privately and using my own personal funds to operate, we hope to expand
faster.
Q5 from Telegram User @Brainchest
Is Gotem a truly decentralized
platform or does it have control? For example, if I set a task to find African
rebels for a certain job in Moscow, will this task be removed from the
platform, or, according to all the rules of decentralization, no one can
specifically remove this job? Only after voting can you decide to delete any
work from the site.
Tawei Chang: Excellent, let me answer. We will
have filters for cases and anything related to stalking will be removed. We
require KYC for both the user and the detectives using this platform, we are
keeping the important stuff decentralized, such as your payments, your contract
(smart contract), your funds (in an escrow), your rating, all decentralized.
Yes, down
the road 3-5 years, there is a decentralized internet, and gotem has enough volunteers
hosting nodes, we could eventually let this platform off into the wild, but
this won’t happen at least for a minimum of 3 years.
Luis Merino | Satoshi Club: Do you think it’s important for a
platform as yours?
Tawei Chang: Yes it is, without it we would be
breaking laws and we break laws out site gets shut down.
Serg | Satoshi Club: So, I can’t remain anonymous if I
search for an investigation?
Tawei Chang: A user can remain anonmyous publicly,
but as a company we have a responsibility to know who the user is. Why you ask?
Because there are people that open investigations to find people to murder,
kidnapp, harass. We had this happen several times in 2017, its unbelievable how
sick some people are, we had a guy get out of prison and hired a detective to
track down this stripper.
Serg | Satoshi Club: Because there are certain situations
when a user wants to remain anonymous while asking for the investigation, due
to the sensitive aspect of certain events.
Tawei Chang: He wanted to do something to her, the
detective actually had to warn her, the user will be required to submit KYC to
the platform because if something happens we need to have user info to provide
to LE.
We would not
disclose any client info, in fact KYC can be done by a third party company that
uses software to automate this.
… so we
could set these requirements for certain countries, and countries where there
are NO regulations, well yes we wouldn’t require the KYC, but UK, US, there are
strict laws and if you break them you can do jail time. Also hacking, any of
this stuff is this is recorded or if the government wants to “test”
us, and we don’t play by the book.
Q6 from Telegram User @yzmoney
How does your system protect the
privacy of the investigar and the client? how many mission do you expect the
system to handle monthly?
Tawei Chang: Our platform traffic is already
encrypted with https but we also would not be sharing or holding any of the
personal information belonging to the users or detectives as that would be
handled by a 3rd party kyc company. These companies are everywhere and there
are several just here locally. Previously with our $150 budget we were
averaging 4-12 cases per day.
Luis Merino | Satoshi Club: And how many detectives work with
your platform?
Tawei Chang: So my guess is there would be
hundreds and thousands of cases per month as adoption picks up. Why? Because
life is messy. Relations, partnerships, disagreements, these are all perpetual.
These are all related to investigations.
We have over
500+ detectives signup to meetmyspy, worldwide, over 60+ countries. Getting
detectives to sign up is easy. You scrap the web such as a directory for
investigators or like what we did was we used google maps.
Serg | Satoshi Club: And how exactly does it work? someone
posts a job and they get notified?
Tawei Chang: We scraped several countries from
google maps and used keyword investigator, made an excel, and then you do an
email campaign emailing all of them to sign up. Yes, that is how meetmyspy
worked.
If a case
was local to them or relevant they got an email to accept or deny the mission. 500
is quite small, that number can increase by a lot investigation is very
profitable they make really good money more than people realize a good detective
can easily make 10k a month a detective with a team can easily make 50k or more
per month and its for stupid stuff.
“Follow
my gf after work”, “see whats on my wifes smart phone”, “record
my boyfriend’s conversation at this restaurant”. we had a lot of stupid
investigations like this, half the time their partners were innocent! We had
seriours ones, missing people, suspected kidnapping, police brutality.
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 chose some of them.
Q1 from Telegram User @Dev30000
WHERE DO U SEE GOTEM IN NEXT 5-10
YEARS? IS IT GONNA HELP ALL THE PEOPLE FOR FREE?
Tawei Chang: Yes, that is the point. We allow
crowdfunding on Gotem so that your investigation will be sponsored by others
and free to you. This was the biggest problem we saw in the industry. People
have no funds for real cases. Crowdfunding your mission means people will pay
to help you have things investigated.
Q2 from Telegram User @cengizhantekin
Your system seems different than any
other existing projects. Do you have any competitors? If yes, what are the
competitive advantages or distinguishing features of your system? If no, is
this an advantage or disadvantage?
Tawei Chang: We are first to market, there is
nothing like this. Someone had copied me back in 2016, Trustify. Well, their
company no longer exists because danny boice embezzled all the investments her
received. That is how karma works!
Q3 from Telegram User @Nickkiii
How will you ensure trust is built on
Gotem, especially when I need to hire a private detective, why should I trust
the review of others, how can I be sure that it’s not a paid review just to
boost the ratings of the detective?
Tawei Chang: It would be impossible to pay someone
to review an investigation in this case because you would need to actively open
a REAL investigation and fund the case with real money to even be allowed to
provide a review.
Q4 from Telegram User @Ketz23
Can you share #GOTEM opinion on DeFi?
What steps are already being taken towards the future progress of #GOTEM?
Tawei Chang: DeFi is interesting in how things played
out because in 2018-2018 karma and I talked about staking. How can we make
staking relevant? So node staking was what we planned but now with all the
abuse of power and inequality we see staking means we can build reserve funds
that serve the people. A fund that is governed by everyone that contributes to
it. So imagine a privately police force funded by DeFi. Let your imagination go
wild with this.
Q5 from Telegram User @JoanaZ
Have you considered the developement
of Gotem Mobile Application?
Tawei Chang: Yes, we built out platform using PHP
and Laravel framework so that we can quickly convert to app version for IOS and
Android. We will have an app available by 2021 Q1.
Q6 from Telegram User @Bayezidhassan
Vast majority of Crypto projects are
built just for the sole purpose of amassing wealth for themselves. So, I want
to know the value you aim to add to crypto industry that will bring greater
abundance to the industry?
Tawei Chang: I left Digix team because their goal
was to “achieve mass wealth” Money is important but how much money is
too much? It’s how you spend your money to make the world better thats
important. I truly believe in the vision I had for meetmyspy, which is why I
spent my own personal funds to build, market and operate this platform. he
crypto space and it will and already has in some cases. Not just the crypto
space but for our entire world and the generations to follow.
Q7 from Telegram User @Alika061
Can you list 1 or 2 of the #GOTEM.IO
deadly features that make it stand out from its competitors? What competitive
advantage does your platform have that make you feel the most confident in
yourself?
Tawei Chang: DEADLY features of Gotem! Thats so cool.
Deadliest features is the ability to CROWDFUND your missions/investigations.
Second deadliest feature is that we allow voting for all people that fund
missions.
Serg | Satoshi Club: What was the biggest amount raised for a
mission? in the crowdfunding.
Tawei Chang: This hasnt be done yet because we
just built this for our Gotem Beta platform. These features were not available
on meetmyspy.
Q8 from Telegram User @Evaadam
Do you have any plans to attract
non-crypto investors to #your project Because it is the success of a project to
get more investors who are still not in the crypto world? What are the plans to
increase awareness around you in non-crypto space?
Tawei Chang: Yes! Our platform is meant for non-crypto
investors / community. Its meant for common people. Crypto investors are
important because they help us to reach our goals, we can’t do it alone and we can’t
count on traditional investors that are scared of change. We want to CHANGE
thing. Change the industry and traditional investors are opposed to changing
the system they survice off. The investigations industry is in such turmoil
that our platform can actually gain so much attention in such little time that
we would gain 5% marketshare within a year if marketed properly.
Q9 from Telegram User @Gejwany
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?
Tawei Chang: We need your support. We need your
help. We cannot do this alone. Buy our token, spread the word, follow us on
social media. Go to the platform and create an account. Follow our progress and
post missions and bring people to the platform that need things investigated.
Q10 from Telegram User @Evaadam
It’s quite unfortunate that many
projects have infiltrated the market with just white papers without having any
genuine use cases. What are the main utilities of your coin?
Tawei Chang: In order to actually open a smart
contract between your detective, it needs to be done through our native token.
The native token enables the smart contract, the funds in escrow, and the
rating. Why not ETH? Because we would need to purchase eth and use it to open a
smart contract, it doesn’t make economic sense.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about Gotem. A link to a Quiz form were
sent into the chat. Participants had 10 minutes to answer. 500$ were distributed
among winners.
For more information and future AMAs, join our
Social Media channels:
