We are pleased to announce our next AMA on October 17th 2020 at 03:00 PM UTC Time: Satoshi Club x acBTC
⚠️Click to see the hour
⚠️Total Reward pool: $1500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join acBTC Telegram group
We will have the following structure:
Part 1: 350$ /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
Part 2: 350$/15 users – Open chat for 80 seconds. You can post Max 5 questions. acBTC Team will select 15 questions and answer them.
Part 3: 800$ – A quiz about acBTC
For more details:
acBTC – @acbtc_community
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
In 2018 and 2019, only four tweets were posted on your Twitter account)) And in the last two months, two dozen tweets. What is the reason for such a low activity in past years and a surge in activity in recent months?
There are currently several solutions for Bitcoin tokenization on various blockchains. Tell us about the key advantages of acBTC in relation to competing products.
How much interest per annum, according to your estimate, can acBTC holders earn under favorable circumstances?
Your whitepaper document states that the swapping fee is dynamically adjusted based on the weight and the price differential between the ERC-20 BTC asset pairs. Is there a range?
If no fees are required to mint acBTC, how are you preventing spam transactions? Wouldn’t this lead to issues if no fee is applied?
Do you have plans for any partnerships in the near future with financial applications or financial service providers?
Why did you choose Curve’s StableSwap algorithm in developing acBTC applicaiton?
Why did you picked Band Protocol as your oracle provider over other oracle services/projects like Chainlink, Tellor, DIA and others?
A lot of DeFi projects have pop out recently because of mass DeFi hype and adoption, how can you encourage investors that acBTC is not just a hype-based project and is here to stay for the long run?
Curve stable swap invariant
I saw the above words in your website with a mathematical equation about curve stableswap invariant.pls can you shed more light on mathematics and how it connect to your project?
I am deeply impressed about the architecture of your project which includes aSwap,acVault $acBtc. Please can you explain the connections between those components and how they contribute to the outworking of your project.
Apart from supplying liquidity,which other way can I earn $AC token?
What motivated you to start this project?
Can you give us tangible reasons why we should believe, trust and invest in this project?
Why the separation of acBTC base value and acSwap transaction fee does not mean that acSwap LP, or acBTC holders lose their profits from the swap transaction fee?
What are the 2 mining pools that acBTC has opened and how to participate in them?
What is the minimum and the maximum amount that I must invest in renCRV LP to earn CRV and AC?
Explain how does acBTC integrate with BTC?
In the whitepaper it’s stated that ” acBTC is backed 1:1 with a basket of ERC-20 BTC assets (also referred to as composite BTC basket)”. What eggs do we have in this basket?
question :
Basically, acBTC is just an ERC-20 BTC in the acBTC Ecosystem.
so,
Why do you chose to have this token,when you already have WBTC,also an ERC20version of BTC?
thanks
question :
What are the other forms of programs or applications in the acBTC Ecosystem aside from the acLOAN and acSWAP that can generate REWARDS to the BTC HOLDERS?
Because you are targeting the native BTC Holders in general.
thanks
Is acBTC Community Rewards Program still running? What are the requirements to enter this program.
What’s up with the name of your platform. Why did you use the ac “aCoconut” and not the famous “Y” names that comes up whenever a yield farming projects pops out? What is the story behind the name.
We know that acBTC is built targeting mainly the yield farmers, but does your platform have anything to offer to others that have nothing to do with yield farming. Is there an opportunity for non farmers to make profit out of your platform?
1. Can you share which major problems are there which your project is try to solve ? And how this project slove that effectively?
What are the ways is acBTC generating profits/revenue to maintain your project and what is its revenue model? How can it make benefit win-win to both investors and your project?
Can you explain why do I get a warning notification from Uniswap when I try to buy ACoconut (AC)?
In this week, acBTC.fi just announced the partnership with Band Protocol, so what are the mutual benefits we can expect from this partnership?
The Nuts Finance platform have related 3 types of tokens? acBTC, AC and renCRV? So can you explain why do need them? What is the role of Each one?
It is easy to see the significant expansion of DeFi and exchange-oriented cryptocurrency products in Asia, especially with the derivative tools and lending facilities provided by the exchanges. be able to provide some insights into the legal sentiments surrounding types such as Bitcoin, acBTC , stablecoins (i.e., Tether) and the development of institutional-focused products like cryptocurrency exchanges in the Southeast ASIAN?
Could you tell me more about acSwap and acLoan products ? When will it be launch ? Currently, What is NUTS Finance’s core product and what they mainly featured for? What’s its main function and how does it role in #NUTSFinance?
On their websites they clearly explain that they seek to implement multiple diversified financial instruments, but what are those “financial instruments” that NUTSFinance really wants to implement? and which is the most necessary in the DeFi protocols?
Why does Nuts Finance choose Band Protocol as a strategic partner instead of ChainLink or DiA ? What are Band’s security solutions for Nuts Finance lending, swap and yield applications ? How oracle role in acBTC product suite ?
Among different blockchains and cryptocurrency projects, what are some key features that set acBTC aside? What does acBTC have that other projects don’Adoption is one of the important factor that all sustainable blockchain projects should focus to be more attractive in the invertors’ eyes. Can you tell me what $ acBTC has done and plan to do to achieve Adoption in the reality, real use cases, our real community?
What are the milestones of success that the acBTC team has achieved so far and what are some of the things we can expect?What is the maximum total supply of acBTC ? what is meant by stalking? how to count it? please give an example
It’s easy to make a token but it’s really hard to make this token valuable? So what’s your startegy to make the token more valuable and what’s your plan to maintain token price and supply?
What is your strongest advantage that you think will make your team leading the market? In contrast, what is your weakness? How do you plan to overcome it?
What is the meaning of “ac” in acBTC? What does this token have to do with the real BTC?
As we know, By the Token price many people judge a project, What do you have to Say to investors? What’s the plan to increase the Token Demand?
I want to learn more about acBTC ; but the information is very small;the community is relatively empty and less; what strategy does acBTC team have to develop the community and maintain long-term user?
Any small coding error can permanently damage the entire assets of the LPs. This is the biggest risk of Liquidity mining . How will NUTS Finance deal with this problem? Has your smart contract been audited by any blockchain system ? Why should LPs feel safe when mint acBTC ?
The smart contract transactions we don’t need to trust anyone, so the procedd is genuinely trustless, but how long can the appealing proccess take, would the funds be locked throughout the process?
Can You tell about Your Governance Model? What are the main Benefits for #Farmer & #Staker on the platform?
Can you tell us the motivation and benefits for investors to keep the $ acBTC token long-term? Do you have a plan to help boost token demand and scarcity?
Among different blockchains and cryptocurrency projects, what are some key features that set acBTC aside? What does acBTC have that other projects don’t ?
could you tell me more about acSwap and acLoan products ? When will it be launch ? Currently, What is NUTS Finance’s core product and what they mainly featured for? What’s its main function and how does it role in #NUTSFinance?
As individual user, what ways can I contribute to the development of Your NUTS Finance Project? Do you have Ambassador programs and What is its benefit?
Can you explain renCRV and AC ? What is the use of this token in your platform? How can this be usable and valuable in Nuts Finance in a long period of time?
acBTC will support exposure to “traditional” assets. Aren’t you afraid that with this strategy, your project will be inclined to centralization and lose its focus?
– If BTC already has its own blockchain, why is it necessary to create a token in the ETH network that has the same value as BTC? What possibilities does this token open that BTC cannot?
– What mechanism will acBTC use to keep its price equal to BTC? Will you use a token burning, elastic supply or buy back mechanism?
– We all know that BTC means Bitcoin, but what does “ac” mean? Are there other tokens that have “ac” in their name? Or is acBTC unique?
I read your Audit report with SECBIT which shows you had some issues with your smart contract which were fixed.. I’ve not heard about the company “Secbit” before now. Is that the only company you will be doing an audit with or do you have plans to Of engaging Bigger projects for your smart contract audit
You’ve had two active liquidity mining pools so far “The BIG Blind Pool” and “Straddle” can you explain how successful this pools have been in terms of gaining participants and I see that one is also about to be launched “Hodler” can you explain about this one and how it will work
One of the problems you identified in the usability of ERC-20 BTC in DeFi applications is Limited competitive decentralized financial applications from your own end what are you doing to solve this problem
acBTC is built on top of curve’s StableSwap algorithm. Can you explain a little more about how these algorithm work? Also, why was it decided to specifically use that algorithm?
Why does Nuts Finance choose Band Protocol as a strategic partner instead of ChainLink or DiA ? What are Band’s security solutions for Nuts Finance lending, swap and yield applications ? How oracle role in acBTC product suite ?
When will acSwap and acLoan products be launch ? Which Tokens are allow to swap? Only WBTC holders are able to use acSwap ?
Chainlink Price Feeds are the quickest way to connect your smart contracts to the real-world market prices of assets. Though that, acBTC are using the ETH, WBTC, and renBTC price feeds from Band Protocol. Why NUTS use Band Protocol price feeds and what is its scalable solution for NUTS?
One of your ultimate goals is the transition to a DAO governance structure. Considering that the Q3 2020 objectives have not yet been completed, when is this transition expected to take place?
acBTC integrates native BTC and ERC-20 BTC,why is your token ERC-20, wouldn’t a network like TRX solve better the fee isue of BTC?
acBTC can be minted and redeemed on-chain via smart contracts. If its vañue y pegged to BTC and backed by it, how is this value modified while creating new tokens?
What are the problems with the existing financial markets and how does acBTC solve these problems while revolutionizing Finance and Investing
What’s The Mint function and process for acBTC and how do you incentivize liquidity providers and what other incentives are available for Ecosystem users
How can community members take part in GOVERNANCE, what are the basic requirements for me to join and partake in the DAO
BTC and ERC-20 have considerable differences in terms of fees and transaction periods. Which one is acBTC ecosystem more close to in this manner?
You have used Curve’s StableSwap algorithm on acBTC system. Is this an in-house algorithm or outsourced? If outsourced, does it mean you have competitor(s)?
What are the differences between acSwap and acXcSwap?
To ease the minds of people, has your contract been audited or in an audit process; If not how to ensure security of the contract?
Is there any short term plan for marketing to get more mass adoption, cause you guys competiting in a very crowded market here?
What is the role of “Emission Mechanism” on reward distribution? How is it handled?
What are the items on acBTC environment those bring rewards to the users? Which one is more advantageous in what case?
What kind of problems of native ERC-20 and BTC is acBTC providing solution for?
I see some wallet like wallet connect, how many wallet connect you expect this years?
Any fortmatic/mew/tronwallet/tronpro ??
Can you briefly explain the Liquidity Pools you have which are the Big Blind, Straddle and Hodler? What is the limitation of each pools? What risk control being implemented in participating with this pools?
Against the high user cost and friction problem in the conversion between local BTC and ERC-20 BTC
What solutions do you offer to increase usability?
How is the relationship between the value of each acBTC’s liquidity share and the fixed asset between the exchange tool, the account unit and the value store?
How will the governance system of acBTC applications be implemented and how will users participate in this governance? How successful would this system be without achieving long-term sustainable value?
Can you explain in simpler way how does acBTC integrates native BTC and ERC-20 BTC? What is the difference between native BTC and ERC-20 BTC? How acBTC manage the integration of the two version of BTC?
I am confused with Acoconut token(AC) and ACoconut Btc or acBTC token. Why do you have 2 different AC token? Also, how about the other token such as renBTC and WBTC? What are the role of all those token on the ecosystem? Why is there a need of many token in one platform? Thank you!
acbtc.fi offers SWAP between Bitcoin and ERC-20 BTC at minimum slippage and zero costs. How is the slippage maintained at minimum in times of high volatility and does zero costs mean you pay the fees?
I have seen the word VAULT associated with many DeFi projects like YFI, YFV, etc. What does the VAULT of acbtc.fi offer to users that is new and different and will you allow deposits other than ERC-20 BTC to yield farm?
In your official telegram almost all team members are marketing and community manager and some of the team members promoting some other projects like nuts in group.Why this happening and why i am not seeing founder in group??
We already have wBTC, tBTC, rBTC and pBTC. First of all, why do you think there is the need of Bitcoin on Ethereum and how is acBTC different from the above as for example wBTC requires KYC/AML whereas tBTC has no KYC/AML and also their Lock-up Period differ?
You say on your website that the swap is at minimum slippage and zero costs. What does minimum mean? How much is it?
As I am browsing your community, you have few members and in the beginning you were focused on NUTS Finance and recently you just launch acBTC, may I know your purpose of launching this project? What are your marketing plans to engage more in the community and build community trust as well?
Your objective is to achieve long-term sustainable value and giving incentive to community Governors to collectively steer the acBTC ecosystem into the future with sound decision making, so, what are your strategies to fulfill this objective despite the few counts of members in your community?
Can you explain the Key pain points mentioned in your website that faced by native BTC and ERC-20 BTC holders today?
In your website, I see under application acVAULT, acSWAP, acXcSwap, acLOAN, how are these related to acBTC? What are their real usecases?
What mechanism you use in distributing AC tokens as rewards for users?
Can you please tell the origin of this project from which country and has spread anywhere. because English, not everyone can be in the promotion of how you do it
What are the main real benefits of using the QNUT token?
What about data security? using a programming language and whether it can withstand attacks from hackers
As far as I know, will the fees for transferring from original BTC to ERC-20 BTC have high user costs and difficulty in exchanging? Is that correct? So is there any way to fix it? Please give some methods and ideas to fix it.
Why did the CEEK project choose the Ethereum blockchain to work? Currently Ethereum has an expensive gas, does the CEEK project have any plans to reduce these costs?
What is CEEK’s stance on Ethereum 2.0 for the time being?
The CEEK token serves as the necessary access token to access CEEK content. Also CEEK will accept FIAT, but will you convert fiat currency into CEEK tokens using fiat capital to buy CEEK tokens from exchanges at market rates?
On AcSwap users can mint new acBTC by depositing other erc20 token, My question is that can we deposit any of famous erc20 btc token like imBTC, And what is D value to mint new AcBTC
How will you compensate the liquidity loss of BTC or other assets after a user purchase AcBTC??
The amount you have invested is not given to the company rightaway. It is kept in the Escrow by Custodian and you get Interest on that amount. Why is there a need of escrow? Can you explain the process of earning by investing in acBTC ?
In your overview article , it is written as “Now imagine you could borrow 80–90% against your BTC collateral in a permissionless and non-custodial setting.”, how can acbtc manage to allow user to borrow up to 80% of the BTC value ? What are the risk factor is such high collateral rate ?
there are already few establish market players for wrapped BTC in eth platform, what is your marketing strategy to capture the market? what advantage do you have as a late comer to the market ?
The audit made public on github is from Secbit – a not very known project. Do you plan to extend the number of audits, maybe add some companies with a bigger reputation in the blockchain field?
How is the AC token minting process and how long before it is evenly distributed?
I was attracted with the acBTC logo?
Can you tell what it represents & any story behind the logo?
Explain please. If acBTC is backed 1:1 by an ERC-20 BTC. What is secured by 1 ERC-20, if they are backed by real Bitcoins, then where and how are they blocked? And what is this ERC-20 BTC basket of assets?
What is the advantage of acBTC? This is an advertising move acBTC: ERTs-20 BTC, for example, if they made a token and the same pool of liquidity that would change
Does your platform only work with erc20 assets? How are you planning to compete with existing services that use cross-chain?
Is there a maximum number of issued AC? Or is 420 000 a total supply? Then with a low token price, how long will it last for you to pay rewards? Tell us how it all works?
I see only two working pools. And it’s hard not to notice how the interest rate differs in them. What are the reasons for these numbers? And where is more funds deposited? In the pool where is 1490% or where is 23%?
Does the exchange between BTC and ERC-20 BTC have zero fees? How do you offset these costs?
You are planning to introduce a secured loan based on acBTC. Can you share with us any information about this?
Is the community reward program still working? Is it possible to get AC right now without programming skills and powerful hardware?