We are pleased to announce our next AMA on November 9th 2020 at 04:00 PM UTC Time: Satoshi Club x Sifchain
⚠️Click to see the hour
⚠️Total Reward pool: $800
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Sifchain Telegram group
We will have the following structure:
Part 1: 150$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 150$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Sifchain Team will select 10 questions and answer them.
Part 3: 500$ – A quiz about Sifchain
For more details:
Sifchain – @sifchain
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Where did you get the inspiration for this unique project idea? And what influence will we have on the crypto industry due to the project?
As a community driven project; how can I contribute my quota to your success? Do you have a Global ambassadorial Program or Referral Reward System?
what unique advantages differentiate your token from other tokens?
The idea of stoploss in a SIFCHAIN DEX is very cute.How does your system ensure that your users doesn’t pay high gas fee when the stoploss will trigger or will I have to set the gas fee limit first,before setting my stoploss?
I am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system?
Releasing liquidity to the public is an important step in distributing network ownership and decision-making from central authorities. Can you explain what distribution curve SIFCHAIN will use in the future? Will there be other pairs available in the guturo than SIFCHAIN?
SIFCHAIN is hyper-focused on building real-world products that impact the lives of ordinary people. What everyday products does SIFCHAIN take into account to improve and facilitate the current status quo?
How does your limit orders work,is it the same with CEX?
You claim to be 100x more efficient than the current leading DEX. What!!!!!. Are you kidding me!!!. What makes you think so. Give proofs
Will all limit orders be visible to everyone,the same as is featured in CEX?
You allows traders to use margin on their trades by borrowing from the liquidity pool. How is borrowing possible in DEX where all traders are anonymous. Do I have to pass kyc before I can borrow just as in CEX?
Sifchain will support Cross-chain transactions for 20-25 of the top blockchains.
Why would someone use Sifchain when we can use other popular blockchains?
What makes Sifchain better than other blockchains, does it has faster transactions, lower fees or other?
Sifchain will support Cross-chain transactions for 20-25 of the top blockchains.
Will there be developed wallet for Sifchain so we can have one wallet for all chains?
Can we track transactions on Sifchain to see is it confirmed or pending and which token is being transfered?
On Sifchain website is working only 7 functions.
Is there any place we can see Demo version of website and test Sifchain website?
hi , I am an investor. I find your project quite promising. I have read the Whitepaper that sifchain is making Rowan’s public sale. Can you tell me where you do your public sale and what are the requirements to participate in the public sale and how much can I buy?
So far, what have been the achievements of sifchain?
sifchain finance is still relatively new, usually investors and traders are hesitant to use it because many decentralized exchanges are more reliable. give me a reason why i should choose sifchain finance?
In the litepaper it’stated that anyone can create a new CLP by pooling Rowan and a new token into a pool initialization transaction and that the price of the new token will be set based on the amount of Rowan pooled. Don’t you think that this paves the way for exploitation for anyone who has enough resources to pool in great amounts?
in the litepaper you state that tne CLP is used for trades directly involving Rowan, two CLPs are used for all other trades. So for example, the USDC:BTC internal price is calculated using the USDC:ROWAN and ROWAN:BTC CLPs. Does that mean the price can be different from external sources (other CeXes/Dexes/LPs) ? Doesn’t that open the window to potential arbitrage exploits?
Why did you your choice to create SifChain converge and not other crypto universes, like for example Polkadot?
This is the first time I heard an Omni-Chain solution that Sifchain is offering to users. May you please explain how this solution works and how will it improve or change the users crypto trading capabilities especially the newbies on crypto trading?
▶️▶️ What is your deep understanding of this “System”, pleases with us. In addition, please give us a brief overview of the development history of the ” System” and its commercial value.◀️◀️
With what I understand, This project is a security/trust bridge between traditional market and decentralized market, to help Investors or institutional companies > SMEs/Startups.
What are the benefits of holding and staking This tokens? And What plans do you have to help drive demand and scarcity for this tokens?
Sifchain is implementing a Hybrid Orderbook and CLP can you explain what components makes up your hybrid orderbook and why this is important to Sifchain
Why is Sifchain prioritizing limit order execution based on quantity of purchased tokens, not the time the orders are placed or the requested price… This is like paying more attention to Those who have the largest buy orders over those with smaller buy orders will this not mean delay in order execution for others
You recently launched Sifchain’s first testnet (Monkey Bars) can you explain to us how successful the Testnet has been and at what point should we be expecting your mainnet launch will there be other Sifchain testnets before then
This statement on medium: “Sifchain will rethink the formulas used for liquidity pool algorithms from first principles of complexity theory to implement adaptive AMMs suitable to limit orders and token swaps alike”: Have you already figured out what formula will be implemented to execute this particular function on Sifchain? How did the testing of this formula goes.
How many Rowan token is needed to be a validator and what is the other requirements?
Can the pegged token be swapped with other tokens using a different blockchain? pegged tokens like cTRX & cLTC only be used on Sifchain?
You process a lot of more transactions than ETH DEXes, that’s true. Cosmos allow that. However, is this enough to be successful? There are many blockchains which try to compete with ETH for DEXes, like Tron for example, but with not so much success. What will you do differently?
Is Sifchain a local or global project? In which countries or geographical areas do you plan to do more punctuality first?
How does Sifchain respond to the price differences between markets? Because in every market sometimes there are quite a lot of price differences. Does Sifchain take the average from each market, or what is the system?
Oracle is unable to connect with key external resources like off-chain data. How does Sifchain deal with this issue? What if a smart contract requires data OFF the blockchain? How does the database transport process flow? Who manages the reserves and how?
You said that Shifchain is the world’s first omni-chain decentralized exchange. Can you please explain what your vision and mission is in Blockchain? Could you please tell us about the omni-chain roadmap?
“As you mentioned Sifchain is The world’s first omni-chain decentralized exchange,
My question is, How does the omni-chain System work and what benefit does it provide to the users”
What is Most Special in Sifchain Finance and give me a unique feature or key that is in Tidal Finance itself that is different from the others?
You mentioned that you will reward top contributors with complimentary Sifxhain rewards. How can the community contribute to the Sifchain ecosystem and how is the contribution of each user evaluated?
Let’s admit it, with cryptocurrencies volatility is part of the fun (of course being a good trader) with that feature out, how is Sifchain still interesting for traders and investors? How do them earn revenues?
What spirit will you bring to your user by choosing SIF (goddess of earth) as the name of your project? There’s something special with that name?
What are your plans for the next road for MTI Finance in the turbulent market after Joe Biden took over as president in the US? Please give me some comments !!!
– On your website you mention that Sifchain will be able to “process more transactions per second than Ethereum, making it 100 times more efficient than today’s leading DEX”. Impressive! What technology or strategy have you implemented to achieve this?
– Inter-chain communication is Sifchain’s main goal. But how do you or your protocol work to achieve this?
– You mention that Sifchain “will allow traders to use margin in their trading by borrowing from the liquidity fund”. What is the real benefit of this? Wouldn’t it further increase the risk in case of uncontrolled losses?
The first time I came across the term omni-chain, I had Googlear try to understand it, but it wasn’t totally clear. Can you explain it to us and mention its application within SifChain?
Reading the documentation of your project I came across two tokens inside Sifchain $Rowan and $SifDAO Can you explain us how each one will work? Which one will be the most important?
In the long term, what is Sifchain’s vision? Is it just to be another DEX in the market, or what do I really want to bring to the world?
“SifCore is focused on the development of SifDao and a transition of governance power over the protocol to a DAO”. Can you please explain about Sifdao?
Sifchain support cross-chain transactions for the top blockchains. This is a unique feature. Can you please tell about cross-chain transactions?
In the changing world of crypto funds security is the most important part every community needed. Can you explain how the funds protected and also how the team provides the security of funds?
What was the inspiration of Thorchain over Sifchain? In what way did it affect Sifchain? What were the attractive points of Thorchain?
1. Could you tell us what are the omni-chain will be working with Sifchain?
2. Sifchain you plan to overcome more than 25 transactions a chain of large criptomonedas?
3. Do you plan to join other criptomonedas your project?
You will target many big blockhains. Thus you will be covering big percentage of the market, maybe all, with your cross-chain technology. Sif will end up being a great ecosystem for any kind of crypto services. Would you think of providing all crypto services once you are done with the intial setup or will you focus on some of them only?
Can you provide some information about ROWAN tokenomics? Will there be minting and burning, or will it be fixed amount? How is the result of ROWAN public sale?
I understand that for any exchange between tokens of different chains, a previous exchange with $ ROWAN will be required, that is, at least two exchanges will have to be made, considering this, how do you guarantee to maintain the minimum costs of transaction fees by performing more operations?
Does the Sifchain DEX exchange platform have a penalty or account blocking plan for users who violate certain regulations? or is it impossible to break the rules?
Sifchain says that it manages to exchange multi-chain tokens in a DEX way, processes it faster than ETH chains and has the best tradable options, does it really sound NOT REAL that it can do all this, how do you know that it is not SCAM? who are the founders?
The other DEX exchangers of multiple chains have been developed with the Polkadot technology, allowing you great ease to do so, how did Sifchain Finance achieve interconnect the chains without it (Polkadot)?
I really love projects aimed at developing decentralization. I have one of the DEX tokens that works on its own blockchain and uses cross-chain. Commission dividends are accrued on this token, a small total supply … But the token is getting cheaper every day. The problem is small volumes on the exchange and an interface that is not understandable to new users. What is the value of your token? How do you see the formation of its value? How will you fight inflation? Will the maximum supply be limited? I like the idea of such exchanges and I am ready to invest in a token if I understand why it is needed and if I see that the exchange is not only for bots but also for people
I like the DEX concept that you presented on your website. But I have been in the cryptoindustry for a long time and I often see good ideas break down due to poor implementation. Tell me, besides the goddess Sif, what other specialists are working on the project? Are there serious earthly partners in the project?
Sifchain will support cross-chain transactions for 20-25 of the top blockchains such as Bitcoin, BinanceChain, Polkadot, and EOS. How does Sifchain will carry-on this kind of service to different blockchain? What mechanisms or algorithms will be utilized to make it possible?
Why does Sifchain use Hybrid Order book and CLP for trade completion? What is the function of this two in your network? Can you please tell us what is the meaning of CLP? Thank you
With Rowan token as the governance token for Sifchain, can users purchase the token or would it only be given to validators as block reward?
As the first Omni-Chain Decentralized
Cryptocurrency Exchange, is KYC going to be required for users on your platform?
Wow, the main feature is Sifchain will support cross-chain transactions for 20-25 of the top blockchains such as Bitcoin, BinanceChain, Polkadot, and EOS. What will be the 1st few blockchain that will be available during the launch ? How does Sifchain archives the cross-chain transactions ? How will Sifchain handles forks in any of the blockhains.
Trading on margin- Sifchain allows traders to use margin on their trades by borrowing from the liquidity pool, this is a feature not found in other DEX, how do you come up with this idea and what are the requirement for the margin trading?
Sifchain has many big name in their partners and investors list like alameda research, ngc ventures, TRG capital and etc. How do you manage to attract them to sifchain and how can they contribute to SifChain ?
in your whitepaper you mention, Sifchain uses both an hybrid order book and a CLP for trade completion. What does it means by CLP and how does it fare against AMM on current DEX ?
I saw your ad on Cryptocurrencyjobs. You are looking for a chief of staff. Did you recruit the entire team by ad? Is there some core of the project? How many people are at the origin of Sifchain? And how many people are involved in the development of the project?
What is the role of ROWAN in Sifchain? How will ROWAN holders take the advantage of holding such token in Sifchain’s governance rules?
You claimed that Sifchain processes 10,000 transactions per second making it 28500% more efficient than current leading DeXes, how did you do this? What mechanism you built and implemented inorder to reach this great number of transactions?
Can you tell us what is this highlighted uniqueness value of Sifchain during MoneyDance Hackathon hosted by Avalanche? What impact it brings to the investors?
Why CosmosSDK? Do you think this is the best blockchain for Sifchain functions to work? Why not Polkadot, for example?
How is your testnet moving? How many validators will be needed for the mainnet and is it too late to join the testing?
I learn from Google that sifchain actually start since 2017, Did you abandoned your last project and create a new one? Please share us a little about it
Why did the team hide its faces? Do you really believe that the communication you are making now is enough for trust between you and the community?
One of your next target for q4 2020 is Multi-chain wallet. Can you explain more about this ‘Multi-chain wallet’ feature? It can support all token?
Why, you, the brainchild of Sif, the Norse goddess of earth, agriculture, fertility, family, and marriage need to build DeFi with cross-chain features? Why you choose this hard cryptographic way and what you will bring to us, ordinary mortals?
Can you tell me how God’s children do Pre-Sales? What will we gain from this event other than heavenly grace? What are the deadlines for this event?
You will create SifDAO for governance on Q4 2020.What are the opportunities of that for token holder?
Please expand the information about the use margin on the trades. What it will look like. It will be the same like I automatically trade on a Central exchange with multiplication leverage from 5 to 10? What will the insurance Fund be formed from, and what is the liquidation threshold? The liquidated funds will be distributed among the holders of Rowan?
One of the parts of a project in my opinion and thought is the investors … Why should investors enter your ecosystem? What benefits does your project offer than any other project?
Sorry for the skepticism, but many projects have already claimed that they will make a better DEX exchange. This is a hybrid form and aggregators like Orion terminal, which they said would be better than any existing exchange. But everything is still only development. What can you say about the timing and functionality of your DEX
What innovations do you plan to bring to DeFi? Do you plan to make changes in the future? What are the plans that sifichain has with the DeFi?
Can users participate in your Ecosystem without any restrictions?
As a potential investor, looking forward to invest my earned income on your project, is there any assurance of deriving any economic benefits from my investment ?