We are pleased to announce our next AMA on October 8th 2020 at 02:00 PM UTC Time: Satoshi Club x pNetwork
⚠️Click to see the hour
⚠️Total Reward pool: $750
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join pNetwork Telegram group
We will have the following structure:
Part 1: 175$ /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: 175$/10 users – Open chat for 80 seconds. You can post Max 5 questions. pNetwork Team will select 10 questions and answer them.
Part 3: 400$ – A quiz about pNetwork
For more details:
pNetwork – @pNetworkDefi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
To become a validator, I need to stake 200,000 PNT tokens within the DAO, run a validating node and provide a good QoS. What criteria determine QoS and how can I understand if my equipment and communication channels are suitable for these purposes?
Your team has people from six countries. How did you meet and do you know each other personally?
Is there some kind of protection mechanism against pooling validators? After all, as you know, initially the Bitcoin and Ethereum networks were much more decentralized than they are now, because these networks are currently controlled by large pools.
pnetwork recently launched the Steroids, liquidity mining programme. Can you explain the benefit of steroids? How much value is currently locked in the platform ?
50,000 PNT are reserved for each week of rewards for the duration of 8 weeks, after this what will the reward be like ?
I’m sure you get asked this question a lot, what’s the reason behind the name pNetwork, what does p means and how it is align to the current direction of the platform
What problems do you see currently revolving around #DeFi and how #pNetwork is being able to provide solution?
In these times the development of DeFi has many applications. What is this DeFi project focused on and what has it been useful for? What goals has pNetwork achieved and which ones do you hope to achieve in the near future?
What are the plans to attract more users to the platform and what would be the motivation and benefit for them if they stick with the $ PNT token in the long run?
An important point in companies is always the protection of data and the privacy of users. Can you explain how pNetwork works on security issues?
The community is very important for any project. How can I contribute to the growth of pNetwork? Do you have a global ambassador program or referral system?
Every day there are new DeFi projects that offer features like staking / lending / swapping! More than half of them are useless! So, what’s unique about your project & what makes pNetwork trustable as a long term project for users and investors?
Yield farming is very popular now! Could you tell us how is pNetwork participating in the new Yield farming trend & how do you see the future of Yield farming for pNetwork?
What is the strongest points pNetwork? Which blockchains do you support & what services are part of the pNetwork?
In your opinion, a lack of cross-chain interoperability is Defi’s major drawback. So how does pTokens work to solve this problem? What are the features of pTokens?
How is the pNetwork cross-chain aggregation process operated? Who is in control of these activities?
pTokens bridges are not the only element powered by the pNetwork ecosystem. What other services are part of the pNetwork? What technologies does pNetwork combine to make pTokens bridges secure and transparent?
There are plenty of yield farming opportunities available, but rarely does one invite users from more than one blockchain. Now pNetwork with its pTokenized Bitcoin (pBTC) can be stake and earned yields. How does pBTC works on Steroids Finance?
Aside from pBTC . PNetwork also introduce the first Litecoin bridge on Ethereum, the pLTC which is pegged as 1:1 as to LTC powered by KyberNetwork. Can we see more tokens bridging on Ethereum using the pNetwork like pETC, pBCH or pDOT?
The pNetwork DAO leverages staking to encourage community participation and ensure decentralized governance over the system. How do you incentivise the growth and participation?
What is the connection of PNetwork and PTokens with The Poseidon Group, Eidoo, and Provable Things? Do you have some kind of partnership with these groups?
You’re currently offering 42% APY as the DAO awards. How can such a high percentage remain sustainable in the longer term or is it a temporary reward? How many PNT tokens am I required to hold to be eligible and what are the limits in this in general?
How can one become a validator for the pNetwork ecosystem? How many PNT tokens am I required to hold for that and what other minimum requirements are there for validators?
What kind of a role does the Aragon platform play in pNetwork’s ecosystem? Why have you chosen Aragon over alternative options for your decentralized network?
What kind of mechanisms does the pNetwork use to maintain the price stable at 1:1 how it’s supposed to be? Do you have some specific algorithm for this?
Why is it necessary to peg the tokens to stable coins like DAI and USD and what’s their relation to pUSDT? How can we as investors trade these tokens and what kind of mechanisms do you use in issuing them?
Considering how popular topic staking currently is, can we as investors stake the pNetwork’s stable coins some where and at which APY if so?
Which crypto projects would you consider as pNetwork’s main competitors on the market right now? With what kind of strategy do you plan to beat them on the market?
It can take years until ETH 2.0 is actually on the market bringing scalability. You’re currently operating under the ETH Network so what kind of issues can the users expect in case the ETH Network will become even more congested than it is currently?
As a user, can I somehow peg my BTC or USDT to create pBTC which is compatible with either Ethereum or EOS network? Is it possible without too much understanding about the technical side of blockchain?
You use Multi-Party Computation (MPC) algorithm in order to reduce the control of your dev team on the project. How can pNetwork remain ready for a possible malicious attack or against hackers if you’re losing your power in the project?
As a regular user of Uniswap DEX, I’ve often faced the wrapped tokens such as wETH. How does i.e. pETH differ from that and what kind of advantages there is in using the pNetwork ecosystem for these types of tokens?
The pTokens have been created in order to improve blockchains. How exactly do they improve them and which occurring problems do they fix?
How can an investor in the pNetwork ecosystem participate in the DAO process of the network? What kind of requirements are there for the investors and how do you punish misbehaving nodes, for example? Is it up to DAO to decide?
How do you choose the next pTokens to be issued? What kind of a logic is there behind this process?
Are you planning in operating in other blockchains such as Polkadot in the future to create tokens such as pOM or pDOT etc. or are you now mainly focusing just on the Ethereum and EOS Network?
Your project idea is rather unique and I’d like to know, what kind of factors currently existing on the market made you create pNetwork? What is the actual problem that pNetwork is trying to solve within the blockchain, considering that we already have i.e. renBTC and wBTC? What additional value does pNetwork bring to cryptos?
What kind of utilities does the PNT token bring besides offering a chance to participate in governance decisions? How are they used in creating the pTokens?
The pTokens are pegged respectively to the main tokens. Where do you store the tokens that are pegged against the pTokens and is this information verifiable by some way?
Could you please tell us more about the technologies that pNetwork combines to secure the pToken bridges? Which are the technologies and how are they used in order to make it secure?
Have the pNetwork developments been constantly audited by a third-party and if so, by which company? How often and in which phases do you audit the codes?
Which pToken bridges are currently live on the pNetwork ’s ecosystem and which tokens can be pegged in each of these networks?
How is the circulating supply of pTokens like pBTC, pEOS, pLTC e.t.c determined is their supply equal to that of the coins they are pegged to or is it dependent on the demand for them By users
The pNetwork is secured by Multi Party Computations and Trusted Computing, a combination which makes attacks both expensive and impractical…can you explain how this Multi party computations work and what gives you confidence that An attack on pNetwork will be expensive and Also impractical
pNetwork has a liquidity mining programmme in it’s Ecosystem called Steroids which will Automatically Mine liquidity for Defi Liquidity pools and Farm PNT when contributing… And I see mouth watering APY of 57.30% for pBTC and 42% for PNT.. Can you explain how Steroids generally works, who can participate, what are the requirements, and what process must potential users undergo
pNetwork pride itself as the heartbeat of cross-chain composability, using the MPC and TEE-backed technology. How does the technology work in securing the pNetwork infrastructure?
pNetwork aims to be the most decentralized cross-chain defi project and will undergo series of upgrades to achieve it’s goal. Can you share with us some upgrades made on the network? What more upgrades should we expect?
I read that pToken project was birthed by the team behind Provable things and Eidoo, and it marks a new paradigm for Defi ecosystem. What major/recurrent fault did you notice in the Eidoo project that both team decided to upgrade it?
PNetwork can teleport any token to a different chain of blocks, without friction, this is a great novelty, now how do they do this transport?
How did the PNetwork project make cross-chain and DeFi transactions possible?
In case I am conducting a cross-chain transaction and it is canceled for some reason, what happens to my assets? PNetwork liable for failed cross-chain transactions?
Why did pNetwork choose DAO technology? What is the advantage get pNetwork on choosing DAO Technology?
– What mechanism does the pToken use to maintain the 1:1 price with the token it represents? Is it through an algorithm or through higher collateral?
– Is it possible to have the pToken version of those tokens that are not in the ETH network? Is it cheaper to use pTokens than the original tokens? What exactly is their use within the platform?
– It is only possible to convert ERC-20 tokens to pTokens? Or can you also have pTokens from other chains than ETH?
The pNetwork is secured by Multi Party Computations and Trusted Computing. Why need 2 security platforms? How do you combine them for pNetwork security?
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Your roadmap is quite complete and interesting, but it stops at this year, 2020. Can you tell us what goal you want to achieve in the next 1-2 years? What was the most important goal in that moment?
What is the vision and mission of pNetwork? Where is the idea to get you started with it? What difficulties did you face?
Staking is very attractive to users. How can I Stake PNT in the pNetwork Dao? What benefits do I get?
The success of a truly decentralized ecosytem is in the hands of DELEGATORS, How can I become a delegator on pnetwork and what are the roles and benefits
What’s the utility of the PNT tokens, do you offer any incentives for holders and do you have a staking and yield mining program
Explain more about your DISPUTE RESOLUTION on the PNT DAO, how do you resolve Disputes
What are Trusted Execution Environments (TEE)? What is the mission of them in pNetwork?
Can you tell about Governance on pNetwork ecosystem please? Who can be a validator? What criteria determine the voting power? What are the earnings of validators?
Where can I get pEOS, pBTC and other pTokens, any wallets or exchanges to support them?
Why is a Multi-Party Computation (MPC) algorithm required in the system?
Are you able to keep up with your roadmap? What have been the biggest challenge so far? What is the most prior target to achieve currently?
Why did you call “p”Token, what does “p” stand for, what are the features of pTokens?
Could you give us more details on steroid finances? is it just a stake system that gives you more liquidity in DeFi and in turn I get 42% of PNT? or is that% of liquidity?
What is really the mission and vision of this pNetwork project? is it simply to develop a project that allows the chains to be interconnected by developing a new currency with an initial “p” but ERC20?
pNetwork can directly interface multiple chains? or do you really need a third platform that is the “bridge”?
really why pNetwork allows them to be attacked by hackers, but will they be expensive and impractical? Why don’t you use a security system that is anti-hackable? or there really are no such anti-hackable systems?
I understand that the pTokens developed by pNetwork are triggered assets, so how can they be joined to different chains? do you do it by converting them all to ETH? or as?
really what is the end goal of pNetwork? is simply to create the largest ecosystem of dApps that can interconnect with other chains, thus avoiding multiple failures with TEE and that reward their users?
I would like to be a DAO validator and I understand that I will get rewards for 2 years, but really what is the system to choose new Validators? start a stake with 200,000 PNT tokens and voila? or then do a lottery to choose them?
really, what relationship does the prefix “p” have in this pNetwork name? What is the meaning of this name?
what are the restrictions that pNetwork presents to the various chains to be part of it? or pNetwork can be associated with any chain without the authorization of those Blockchain projects?
Don’t you think old and new blockchain projects are promise or offer the same things to users, customers, companies?
Most people learned about the name pNetwork relatively recently. What are the biggest obstacles to mass adaptation of this solution
How to staking pNetwork,
And what are the requirements?
If there is a problem in staking, for example hacking.
what is PNetwork
Can you compensate for the losses or security of pNetwork so secure that hackers can’t get in?
Can you explain the role of the Aragon platform in Network DAO
and Why did you choose this to use this platform in your decentralization project?
PNT can be staked within the pNetwork dao for voting. What is the voting system for that? All can participate or any restriction and any kyc needed for that?
If i want to Make my $LTC #Ethereum-compatible with $pLTC, is it possible? If yes, so tell me what is process? How can i do that and what about fee?
You told Deposit BTC and earn with pNetwork’s newest yield farming strategy.But where i Deposit BTC to earn reward? And whats wallet have to connect?
Can you explain more about the Steroid Finance? How does it works in pNetwork? What is the use of Steroid Finance?
How to join as Dao Staker in pNetwork? What are the requirements? Thank you
Can you explain the Many platforms already, and sometimes so hard to understand the nature of the project. So can you clarify to Satoshi Club what is your main objective in building this project? What is the main services or product of pNetwork? Thank you!
I saw your roadmap on the website. Are all targets in accordance with the current road map and can you briefly tell us about some of the partnerships that we can see in future?
Today projects turn to incentivization as a means to attract users and customers, does pnetwork have any incentivization mechanism and how does it work?
How does Pnetwork handle cross-chain issues like slow Transaction speed and high fees?
What is the main reasons Crypto space need Pnetwork service?
What is the feature That only Pnetwork have?
Could you explain about the DAO system of Pnetwork platform?
Why there is a need to generate pTokens like pEOS or pBTC ?
Can We create it with any tokens in the ecosystem?
pNetwork offers industry-first bridge of pBTC & pLTC on both Ethereum and EOS with 1:1 pegging. Yesterday, there was this news that $WBTC surpassed $1 billion in total value locked. What is the main difference between pBTC and WBTC? Why should users prefer to use pBTC over WBTC and what targets do you have for pBTC & pLTC in total value locked?
The EDO token was upgraded to pNetwork token (PNT) on June 18th, 2020. What were the main reasoning for this update and benefits include? What is the current status of Eidoo and pNetwork?
Steroids.finance is the one of the most hyped installment in the field of DeFi and with a cool retro look. What strategies have you taken to make it a success as well as involve utility of PNT, pBTC and pLTC tokens in it?
On which pTokens I can Provide Liquidity?
& In future What are the other pToken can we see live?
PNetwork How pNetwork designed validators to secure and help shape the future of the network? How do validators contribute to security?
How will PNetwork DAO implement community procedures and how will the governance process work in the development of PNetwork in the future?
Why does PNetwork use Multilateral Calculations and Reliable Computing method? How does this come into play in prevention?
I went through the website, there are many Technical Things on the website, Can You explain about the main Purpose of Project in easy Language?
What roles does pNetwork validators play in the ecosytem & what are their Roles?
Can You tell me How are Validators rewarded?
I read somewhere that It’s always been your aim to make DeFi accessible to anyone, is it?
My question is-
We have seen Hype of defi in previous 3 months only & we don’t know about its future, Your aim in the defi field has been from these 3 months only or the idea was from much before?
What technology is used to enable any Currency to make compatible with any blockchain?