We are pleased to announce our next AMA on October 31st 2020 at 04:00 PM UTC Time: Satoshi Club x DeFiat
⚠️Click to see the hour
⚠️Total Reward pool: $1500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DeFiat Telegram group
We will have the following structure:
Part 1: 250$ /12 users – We’ll select 12 questions from the community. A user can post maximum 3 questions. 12 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 250$/15 users – Open chat for 80 seconds. You can post Max 5 questions. DeFiat Team will select 15 questions and answer them.
Part 3: 1000$ – A quiz about DeFiat
For more details:
DeFiat – @defiat_crypto
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
DeFiat offers a service that allows users to obtain return on their DFT holdings. What other financial service does the platform offer? What is the purpose of the Unified-Staking Protocol (UniStake) service? How does this service benefit member of the DeFiat platform?
The Defiat platform has three main components, one of them is the DeFiat Points (DFTP) that are a secondary ERC-20 token. How can users access this token and how can it be obtained? How does DeFiat benefit its most loyal and loyal users? Will these users have access to any discounts or more special rates?
DeFiat aims to create a community-based ecosystem. Can users participate in the governance of the platform? How does the multi-level governance mechanism work? What are the levels and what actions can be carried out at each level?
DeFiat has fully integrated governance, loyalty discounts and deflationary mechanisms, but are you planning to permanently lock in liquidity? How will the tokens be distributed to marketing? How will the community be part of this whole process?
What will be the main growth drivers of DeFiat to be recognized in the crypto world?
These days is very common to see scam projects, especially in DeFi. How will you provide trustless to your users? What partners do support you? What is the legality of your team?
DeFiat is a very new project. What are your plans to release it? Have you thought about this? When, how and where.
Your disclaimer in the website is very fearsome.You boldly stated that the team is not liable for any content of your website or whitepaper.This sounds very strange.Why won’t you be responsible for what you wrote..Are your team anonymous or do you have legit face? We need something to trust
In your roadmaap, you plan to introduce a token called 2ND Chance aimed at people who have been victims of scam projects. How would it work and what’s the benefit of getting the token?
One of the outstanding features of DEFIAT is allowing holders to participate in governance decision. Can you list these governance decisions and how qualify to be a decision maker in the DEFIAT ecosystem?
On your roadmap scheduled for OCT/NOV 2020, You proposed to clean up your defi ecosystem and introduce a token designed to give my rugged token new life. I’m confused. Please can you make yourselve clear in layman’s understanding
I saw a hint in your roadmap about REBRANDING after December 2020. What actually do you plan to rebrand?
Where can we buy DFT and what will be the main benefits to hold it? How can i know that it’s a good investment?
Besides the 0.5% burned on every transaction, you plan to also have community burn events. How will such event work and is there a limit to the number of $DFT tokens that will be burned totally?
Can you please enlighten us with the features of UniStake Protocol. It says on your whitepaper that it empower users to earn yield by staking “any Erc-20 token”. Is there any criteria for a token to be included on this staking program or the community just decides what will be listed on it?
Your name is De-Fiat,in other words, Destroy Fiat.How do you aim to achieve this,since there are many projects out there, claiming to Destroy fiat, but were less successful
How can I qualify be a decision maker in DEFIAT ecosystem and what kind of decisions am i eligible to make?
DeFiat Multi-tier governance system has 3 Levels. You have: the Partners, the Governors, and the Mastermind levels. How will DeFiat users achieve this governance levels and how often your governance system will be updated?
With DeFiat’s UniStake Protocol, users can stake their holdings of “Shitcoins”. Will this not affect the value of DFT and DFTP?
Why did you choose XMM to partner your first staking pool program?
In Nov/Dec you will launch your AnyStake program, what are the criteria of a token to be eligible to the staking pools?
In Defiat Governance, you have four tiers of voting, Mastermind, Governor, Partner and User, how would one user be eligible to the stated tiers and participate in the community voting?
Regarding 2ND Chance Token, let assume “A” coin is some specific rugged token. What is the total amount of “A” coin in existence in order to calculate Recycle Rugged Tokens? Is it a promised Total Supply of “A” coin, or the actual amount of “A” coin in the market?
Regarding 2ND-DFT Boost Multiplier, each DFT adds 1 % boost and only up to 200%. So, it basically means that only 200 holing DFT will be put in calculation and I will finally earn 3x of the Percentage of Recycle Rugged Tokens, correct?
Regarding Partnerstake, What are the benefits that will maintain the future partners letting DeFiat to provide staking techs in stead of having staking pool on their own.
– DeFiat has a token with a deflationary mechanism, can you explain a little more about it? How will the total supply of $DFT be reduced? Will it be by burning the tokens?
– DFT users can earn DFTP, what is the function of these last tokens? Can they also be exchanged for stablecoins or do they only serve to claim rewards?
– Projects with anonymous core teams always generate a little mistrust, why did they decide to remain anonymous? Why the blockchain developers is called “Stupid”? Do we have to question his capacity to develop the work?
Your roadmap shows you’ll be releasing Anystake, which will allow users to stake erc20 and earn rewards. Will staking variable value erc20s effect TVL and how will rewards system work?
DFTP is everything when it comes to DFT governance; people seem to be underestimating it (the DFTP/ETH pair is the proof of it), do you have any plans if changing this? Like, by introducing a pool that requires DFTP to be staked or something like that?
Is there any plan of applying for any good centralised exchanges?
I was born and raised in Italy, so when I read the project’s name, my mind promptly associated it with the famous car manufacturer! : ) While immediately dismissing the thought that you might have anything to do with it, I’m still left wondering …how did you come up with the name “DeFiat”? What’s the origin, meaning and background behind the choice of the name?
In your latest medium article, you’ve introduced “2nd Chance” … I must admit I’m truly amazed by the idea, since it attempts to tackle and provide a brilliant solution to exit-scams, which are one of the longest-standing issues on the crypto world, especially after the mass adoption of Uniswap.
Given the huge number of people that fall prey of exit-scams right-now, do you see this as a game-changing protocol that might even compete with with project-specific insurance projects (like NXM fo example)? Also will people be able to resort to 2ND chance for exit-scams that happened before 2ND launch as well?
The more I think about 2ND chance concept, the more I’m excited about it and look forward to seeing it in action! Yet I’m wondering… if 2ND I will have liquidity, wouldn’t anyone want to buy 2ND & hodl it, instead of DFT? That is, aren’t you worried that 2ND might “cannibalize” over DFT? What will therefore be the use for DFT holders?
You’ve recently 2ND chance project. Could you share how many people are using it?
Why did Defiat choose the erc20 network? Do you have any plans to establish your own network in the future?
DeFiat
What priorities does it have in terms of token flexibility and security against “Black Swan” events?
The DeFiat Ecosystem consists of three basic components: DeFiat
Token, DeFiat Points, and DeFiat Governance. These elements,
Could you explain the benefits of the services offered by the company to investors and users?
DeFiat Treasury and DeFiat Services have been redesigned to serve as staking rewards.
Can you explain this design?
mastermind
Governor
Partners
Why are there 3 layers in Defiart and what are the benefits of each layer for users?
How will the DFT Ecosystem reward members to share the ERC-20 token and with dft?
Total Supply: 500,000 DFT,
Will there be any token burning plans?
DeFiat It aims to position itself with strong safety rails, flexibility and transparency. How will you achieve this?
I have to hold 200 DFT to get the maximum boost. What do you mean by that? Does it mean that I will mine tokens and get bigger rewards?
When entering sites we have to claim we understand website policy. There writes that DeFiat is experimental token.
Does that mean DeFiat is very risky investment?
Yesterday you announced on medium,
“Today is launch of the 2ND Chance token.”
For what can be used 2ND Chance token and how can we get it?
Is DeFiat listed or do you have any plans to list on any exchange so people don’t need to pay for fees?
I would like to know if you have already registered the token in a trusted wallet with etherscan?
Could you explain to me what is the deflationary model that Defiat has implemented to make it innovative?
Taking governance as a point of reference, I would like to know if it has already been included in the Defiat project? Are you doing any monitoring?
Up to now, has there been any fraud event with this Defiat project?
Could you explain to me how much DFTP I need to enter the vote?
What are those other interesting DeFi solutions that I can take advantage of the DeFiat ecosystem?
On your Twitter page, I see that DeFiat is having a 2nd token and Farming 2nd. Is DeFiat rolling out a 2nd token? Please kindly elaborate on what it is all about.
Why was DeFiat points created and how would these points benefit users on the platform?
I’ve been reading about your new proyect 2ND CHANCE, what platform can we use to swap scammed tokens to get a fresh start? Will it increase the loyalty points of DFT?
I honestly don’t understand some things about the 2nd chance. Is it that DeFiat had a previous project that later rug pulled and you are now back with a 2nd token or I can swap the tokens of any project that I have their token and have exit-scam? Which is it because I have a lot of token to swap for 2nd chance if it is the latter.
What are the pillars of DeFiat circular economy? Have it worked for you?
Do you have a rewards system for the users? If is it, how it works?
For most projects they make their audit reports public so that users can see for themselves what issues were discovered and how the team are responding to resolve any discovered issues.. I can’t find that of Defiat… Where is your audit report from Hacken?.. what were the major issues discovered and what steps have you taken to respond to them
DeFiat was founded with an initial treasury of 50,000 DFT earmarked for the staking and farming pools…with staking being one of your main services and you having different staking and farming models such as Anystake and Unistake how do you intend to make the payment of rewards for staking and farming sustainable with just 10% of your total token supply
In Defiat Fees are discounted via a proof-of-loyalty side token called DFT.P.. can you explain how this discounting token DFTP works, does it have a fixed supply and how does it achieve it’s goal of being a discounting token for Defiat Transactions and when this token is awarded as loyalty points what can users convert this loyalty points to and How can they do so
Why you don’t have a vesting period at all for your funds?
How are you planning to promote your project in different countries, wherein English is not spoken well? Do you have a local communities for them to better understand your project?
⭐⭐⭐If anybody think that your project really likes a scam project, and they can’t trust your project. How do you make them believe in your project?⭐⭐⭐
What do you guys see as the biggest barrier preventing DeFi/synthetic assets in particular from gaining widespread adoption?
I have hear about the #secondChance in your twitter post..Can you pls explain about the mentioned tweet?
How to swap the rugged tokens?
What are all the ways I can invest or make money with DeFiat? Can you detail it for us to be clearer?
I can tell from your white paper that the community will play a major role in DeFiat’s decisions. My question is, will the importance or relevance of my vote be in proportion to the amount of DFT token I own, or how will it work?
Next steps for DeFiat What do we expect in 2021?
– What benefits or rights do I have by being a DFT token holder on the DeFiat platform?
– How does DeFiat deal with security? Have you done the respective audits with reliable companies?
– I find the idea of exchanging our dead tokens for 2ND tokens interesting. However it sounds too nice to believe at first. Can you explain to us how they make this possible? Is it legal? Is it safe?
On your website you say that DeFiat “is the first token with fully integrated governance”. What does this really mean? What is the difference between a normal token and a DFT?
DeFiat is not the first DeFi project to come to market, can you tell us how it is different from the others? What problem did you see that motivated you to create DeFiat?
A few hours ago you launched your 2ND Chance product, which according to your publication “will help us to quickly exchange your dead tokens for new 2ND tokens? First time I hear this from 2ND Token, can you explain what they are and what is the idea behind their creation?
I think DeFiat project is really unique . So I need to buy DeFiat token to claim 2nd for my rugged coins ? Could you please give me more explanation about this?
Do I get more 2nd token if i swap my rugged tokens while holding DeFiat token? Is there any guide/link how to do this?
Farming my scam and rugged tokens 😀 that is insane and genious at the same time. A real bomb. How did you come up with this idea and how can I put to work my shitcoins?
Let’s Talk about logic, how is Rugged Token with no value become something that have price in the future? Could you please explain the process behind it?
Can you explain a bit more about Mastermind Right Revoking? How it can be done successfully with Defiat team?
The initial DFT burn fee and fee rate will be .1% per transaction. So if we say that there will be $100 of transaction so the fee would be 10$. Is that a little bit high for a fee for a single transaction only? Why does the fee is a bit higher? What is the proceeds of the collected fee?
There are two tokens in Defiat Network which are Defiat token or $DFT(your main token) and $DFTP token or Defiat Points.$DFTP token is the secondary tokens awarded to users upon interacting with the Defiat ecosystem. So since it is secondary, does the $DFTP will have a value outside your platform? If $DFT will be listed in an exchange,can we expect $DFTP will follow also? How valuable is $DFTP in the market?
How can I get from one governance level to another? Should I stake more coins or what?
What is your trading volume? Can it be considered as a leader?
Is your project capable of spreading? And can you stabilize and stay out of danger?
The initial supply of second tokens will be 30.000. How much will be the maximum supply and in how much time they will be released? What will be the inflation?
I was rug pulled by a project called EMPOWR back in 2018 and I still have those tokens. How can I have new life for those rugged tokens by using your 2ND Chance token?
Why did you name your different GOVERNANCE levels as User, Partner, Governors and Mastermind and how do they differ in power and functioning? How can a User promote to higher levels of GOVERNANCE?
DFT and DFTP are two tokens of the DeFiat ecosystem. What are their primary functions in your project and how do they solve problems existent in the DeFi arena?
Honestly Thank you very much for the Disclaimer. There are very few projects that a user can read that the project disclaims any responsibility.
You say the DeFiat token is experimental, but you are not running on a testnet and selling for real money.
Question: You are a very honest project and admit that you are not sure about the implementation of the project or, playing on human greed, you disclaim all responsibility in advance by hinting at SCAM?
First of all, I want to say that the concept of the 2ND Chance project is simply ingenious. And most importantly, it is very relevant. I really want you to tell us about what this token is and what tasks it solves. And I wonder if the 2ND release is limited or is it enough for all victims scammers?
I found out that the team is redeeming DFT tokens. Tell us where the funds for BUYBACK come from and how long it will last. I see you have many tools to fight inflation …
Users gain “Loyalty Points” by interacting with the DeFiat ecosystem. When and how can these points be used/redeemed?
How trustable dApp of Second Chance is? Will you have any audit for that?
With Second Chance, which kind of trader would you like to take into the game?
What investors can benefit from 2ND Chance? What projects have already been added to this program? Perhaps there are people in our club who have lost money due to fraud
What is the minimum amount of tokens I have to hold in order to access DeFiat management and services?
When I check on LinkedIn and even read community AMA on medium, I can’t see a front person. Will you keep this communication line?
The commission for the exchange of scam tokens for 2ND is always 0.05 ETH? Perhaps for small investors this will be a large amount, given what they have already lost before. Can the amount of commission change? Do you consider payment options in another currency? And what happens to the tokens that are users passing to you?
The DeFiat team has over “40 years” of industry experience. Is this a company intiative or do you have an elder statesman in the team?
Upon your expression; how does DFT token provide a unique use case in fueling the ecosystem?
Why can we see DeFiat owned by a media company namely Gokhstein not a technology company? Is there any branding takeover there?
I read in your whitepaper that if a user acquires 10 DFT, they can interact with the DFTP smart contract and receive a discount in future trasanctions and burn fees. So, if I get more DFT I´ll get more power of decision in the governance protocole??
Did you develop 2nd chance to solve liquidity problems also to get rid of low allocation to the team strategy primarily? What caused to create that?
The DeFi’s projects are the future. But can you talk us about your security measures??
Hi!. How can any user audit and review DeFiat’s metrics?
I see that there is a Loyalty Program…
Can you please explain how the Loyalty Points Work…?
Is it similar to providing Liquidity or are there some Additional Features…!
How can we achieve our Own Financial Liberation with DeFiat Project…?
Only getting users, holders etc is not everything. In my opinion, a project needs to deal with solving a real world issue or problem What is the problem that your project primarily focuses on?
What does a fully-embedded governance Token mean…?
Is it true that DFT is the first one to achieve this…?
What are the marketing strategies of your project? What will you do so that your project will be visible in crypto field and people come to explore your project?