We are pleased to announce our next AMA on November 19th 2020 at 02:00 PM UTC Time: Satoshi Club x Ethereum Yield
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Ethereum Yield Telegram group
We will have the following structure:
Part 1: 150$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Ethereum Yield Team will select 10 questions and answer them.
Part 3: 700$ – A quiz about Ethereum Yield
For more details:
Ethereum Yield – @ethereumyield
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Sorry if this question will offend you.
You created your official telegram group on NOVEMBER 12. You have no medium article to prove your pro-activeness, achievements and updates and to make matters worse,your pre-sale is ending in 5 days time {everything within 2 weeks} How can we be confident that you won’t exit scam? Give us tangible evidence or reasons to believe your authenticity
According to your website and documentation, ETHY’s EVaults execute strategies on deposited LP tokens in order to maximise returns. What are these strategies being executed and what is the optimum return that can be gotten from using these strategies?
One of the benefits of participating in the presale is a price-pump stimulus scheduled for the 26th of this month. Will $ETHY holders be receiving more tokens? How will this stimulus ensure that price of $ETHY will increase?
ETHY’s vault smart-contract is said to execute strategies to maximize APY, reward holders, and Punish weak-hands…. I am interested in knowing what this strategies are and how they are implemeted
We have seen projects that have been Audited and had partnership with @DEXToolsApp, yet rug pulled on all investors. Can you please tell us why your project is different from the rest of these as I’m currently cautious to where I put my money next.
You tweeted about a week ago that funds on Uniswap will be locked forever, that’s a really bold decision. What percentage of the supply will be locked and what made you decide to do this considering that that there’s a lot of uncertainty in the Crypto space and Uniswap may not be here forever?
Can you please tell us what steps you are currently taking to ensure that investors aren’t scammed by fake EtherYield project?
I laughed when I read ‘punish weak hands’. I believe the ‘weak hand syndrome’ comes in when the investors aren’t sure of what they are getting into. What plans do you have in motion to ensure that the trust of the community is completely earned?
You Charge an extra transaction fee on ETHY your reason is for This fee is to prevent Bots and Whales from applying any downwards forces on price…How does an extra transaction fee really prevent Bots And Whales from applying downward force on price what is this extra free, is it charged for every single transaction, is the extra transaction fee that large to scare Whales from putting downward pressure on price.. when the extra fees are collected what happens to them….
ETHY Claims to be Ethereum’s Most Powerful Yield farming coin you just launched recently and most parts of your project is not even fully operational yet.. so why are you claiming such a coveted position… and by the way can yoylu tell us what that “First stimulus Event” I See on your roadmap is.. could it be part of what will make this your claim valid
Can you explain to us why you implement an “extra transaction fee on ETHY”? What are the advantages of this methodology, and who will benefit from it in the end?
In your homepage they mention that the $ETHY holders will be able to vote on all project decisions, but then in your documentation you say that in the beginning everything will be centralized. What is the idea behind it being centralized first and then decentralized? Finally, what will be the requirements for voting once this change is made? Thank you.
In all of your documentation you state very confidently that $ETHY “is Ethereum’s most powerful yield farming coin”. Can you tell us what these statements are based on? Are they based on evidence that your yield farming strategies are far more profitable than those of your competitors, or is it just a matter of copywriting to inspire a little more confidence?
Do you have any relationship with Ethereum, or is this an independent project? In either case I guess you will know this; do the projects need to get a license kind of permission and/or pay fee to be able to use/include the existing project names or tokens for their projects? Eg. You use Ethereum Yield and ETHY, others use Bitcoin and BTC related names. (I realize they are open sourced but naming is different due to trade mark or patenting issues)
In Certik Report delivered on 20 November 2020 they find issues on the Ethereum Yield smart contracts but the ETHY team respond is ” The ETHY development team has acknowledged this exhibit but decided to not apply its remediation in the current version of the codebase “. Will this not gonna affect the smart contract in the long run. Why did you do an audit if you are not willing to apply the recommendations given to you by the auditor?
You mention that you will periodically execute price pumping actions.Thats very awesome. Will you market-buy tokens periodically in the secondary market or what. Why do you think that periodical price pumping will lead to the organic growth of your tokens and ecosystem?
The ethereum yield project is similar to many of the yield farming project that punishes weak hands and rewards farmers, what’s your greatest motivation in creating ethereum yield ? I’m also surprise that your platform got audited by Certik which usually has a long queue. What are the major finding in the audit ?
The success of your project will depend on having many farmers and holders, what’s your marketing strategy that will be employed to create the viral effect ? Why do you choose to have LP funds on Uniswap to be lock forever ?
Can you explain more about what price pumping mechanic is being deployed in your platform? Is this mechanism already used in your network? How profitable and reliable it is? Thank you
The Evaults source is based on the SushiSwap MasterChef distribution model. So why does your platform choose to base Evaults from Sushiswap and not made your own version and style? From this scenario, does Sushiswap knows about it? Can you tell us what is Evaults and how it will become usable in your platform?
By your name itself Ethereum Yield, why do you choose Ethereum and not other token? What is your main objective in using Ethereum name?
There is a statement from your website about:
“Depositing in an evault will require an initial commitment, whereby your ETHY-ETH LP tokens will be locked for a minimum of 4 months. ”
My question, is there any reason why is that our deposit token being locked for 4 month?
So there are much investors buying and selling token in short term (pump-dump).
How will Ethereum Yield act to prevent these actions?
Could you please tell me what is main utilities from Ethereum Yield? Is it possible to use in real life? Please explain it to us
This is the first time we’re seeing something was different as this,my question is why should I invest my money in an experimental project, something that has never been tried before.
As a new project, can you share your project roadmap? And are there plans in place to lock liquidity to give investors assurance that you won’t rug pull? And if yes how long would the liquidity be locked for?
When depositing in evault the ETHY-ETH LP tokens will be locked for 4 months. Is there any function that users can emergency unlock or unstake their tokens?
Your token is built is on the ethereum blockchain which we all know has high gas fees and you still charge an extra transaction fee for your token transactions, aren’t you worried that this would scare away potential investors? And what incentives are offered to counter the high transaction fees?
And when would you be listing on exchange and trading platform? Which trading platforms are you in talk with to list on?
What conditions need to be met for the ETHY to be adequately distributed and the community to be self-governing, and what strategies will be implemented in governance to punish weak hands?
Your pre-sale of 100,000 ETHY at 0.02 ETH each is Live. Why are your token price is quite high for an experimental project like Ethereum Yield? As of my writing the price of 1 ETHY is $9.5 usd each.
Is there a way to reduce transaction fees on transactions provided for farming? What is the advantage of using EVault so that our profit is minimally affected?
For strategies that can be applied on deposited LP tokens, what role do staking / farming pools play in maximizing the return on a given asset and when are the vaults provided for price protection tactics for assets in pairs?
ok, you will be punish weak-hands, but also have you rewards for strong-hands? people who strongly believe in your project, loyal to it and not selling even at extremly low prices
Discouraging bots and weak sellers from dumping the token is cool, but don’t you think that this method you’ve decided to use will discourage a lot of good market players form buying from you? Also, please tell us what is this fee that you intend to use and if it will be fixed, or will change in time?
Your project name is Ethereum Yield Farming, are you a child of Ethereum Founded by Vitalik
supply that confuses me. Why is there a small supply of new projects like yours, will the price go up quickly imitating Yfi and Yfii?
Audited by CERTIK, PR published by Cointelegraph, partnership with DEXToolsApp – that’s what I understand you decided to hyip. We say “a good show is more expensive than money”. But you started it for the sake of the presale. Tell me how much you expect to raise? Will there be more presale rounds if there is not enough money? What will happen to the tokens that will not be sold?
I saw you retweet $ CTK did you work with CTK? What is the difference between CTK and others so that it collaborates with CTK
I did not see the information about the amount of the token transfer fee. It seems to me that when most of the tokens are locked by a contract, then there will be not many transactions. Perhaps you have a high commission? Or are there some other deflationary instruments? For example, a buyback
You state on your website that:
“ETHY holders will be able to vote on proposals– so long as they have staked liquidity in the pools. The community will decide everything from developer fees and site design to the exact farming options available.”
It’s very good that the community will be involved in the governance of the project. The fact that is a red flag though is that nowhere could I find the exact methods and rules by which this will work. Can you tell us how will be people able to make decisions?
Your audit has been performed by CERTIK.
CERTIK audits smart contracts thoroughly enough! It divides them into parts and distributes them among the nodes of the network, and then the nodes send them to the validators. And only after all these checks, the correctness of the smart contract is assessed. During such a thorough check, were there any errors?
How much surplus ETH and ETHY may be lent out, is the % flexible or will it stay the same?
Your project is already shrouded by good news: team has apparently worked on many successful project before (some unofficial sources hint at Keep4r), you’re also supported by names like InfinityGainz & already been featured by CoinTelegraph. Given all the hype and great info already circulating about ETHY though, I decided to have a brief check through the ETHY contract. It’s all fine and good, except at one point, when I stumbled upon a _mint function. After double checking the code, it seems it’s “not callable” after the initial deployment (meaning it seems that it can called only once for the creation of the 500k token), but could you please reassure me/us that it won’t/can’t be exploited in the future? How does it really work?
ETHY has implement a strong deflationary force on each token, so, What mechanism did you implemented to incentivise ETHY holders and farmers. Could you tell us more benefits of ETHY Deflationary Forces?
I’m seriously interested in joining pre-sale, but I want to be sure I got the early sale steps right… In one previous interview, you stated that the ETH used by pre-sale buyers, in a way, “will be sort of given back to them” IF they join the farming vault instead of selling the ETHY bought during pre-sale.
So, if I understood things right, if pre-sale buyers agree to lock-in the farming contract for 8 months, the ETH used to buy will “be coupled” with the ETHY bought to create the LP tokens used for farming (which then will be locked for a minimum of 8 months and a constant (?) 200%).
If that’s so, it’s like “killing two birds with one stone”!
Can you please confirm/dismiss this interpretation as correct/incorrect? Can you rectify/add what else am I missing regarding the pre-sale/yield recap?
So to stake tokens I need to have LP tokens to pay for it? Can I farm $ ETHY after paying fees from ETH? Does this move sound nice because you use $LP to bet $ETHY without any impact on the price of $ETHY? But what are the risks when someone can farm the $ETHY they need? Will they sell and will the price drop? Leads to everyone being relieved. To avoid price reduction, do you think about staking?
Currently there are many scams appearing on the blockchain, but they all aim for 1 coin of value is ETH and take the coin farming in exchange for ETH and create fake airdrops to tell users to send ETH to them. So what do you think about avoiding such scams with strange tokens and attracting users? Can you tell the long-term benefits of $ETHY to help people differentiate between real and fake?
So many projects rug-pulled lately, the last I’ve heard of was MTI finance (whose founders had also been guests here at Satoshi Club), but I can also mention MNR, Pamp or Fact and many many more.
Your team is anonymous but already has the support and trust of many relevant names in the space (which I won’t mention because I did in another question). I’m aware that anonymity does not imply malicious actions coming for investors, but public faces work wonders on establishing a “feeling of security”.
On the other hand many teams want to be able to focus on the code, without any external influence/distraction. Are you perhaps considering any possible compromise among these two ends? Wouldn’t it be possible to make these two ends meet by creating a multi-sig function in the contract? Maybe undergoing KYC? Or maybe you have already thought of other means to achieve this objective?
Well, you hyped your project before the presale, and after the sale, at least the grass does not grow? What’s next? What is this mythical stimulating event indicated by you in the so-called roadmap for the week?