Month: November 2020

Hello, Satoshi clubbers and guests of this site. Glade introduces to you Hardcore by DGVC. HARDCORE uses token fees as rewards in entirely new ways. More of this the Lambordgini is real with HARDCORE by Degen.VC 

The AMA session was divided into 3 parts with total crypto reward pool is 500$.

Leading the AMA our clever and fun admins:

@madamlobster and @Cool_as_Ice

The Representative of the project: 

👉Paul “The Khal” Scott  – @PaulScott5 – Co-founder • Degen.VC  Former bank treasurer turned crypto and DeFi specialist.

👉Fraser Brown  Olympian and ETH dev ops since 2016 turned degen 2019.

PART 1. INTRODUCTION of Hardcore by DGVC PROJECT AND COMMUNITY QUESTIONS.

Mary | Satoshi Club:

Hello again, Satoshi Club! We are happy to announce our AMA session with Hardcore by DGVC! Welcome to Satoshi Club😀

D| Satoshi Club: Hello everyone 😇

Paul «The Khal» Scott:

Hi and thanks for having us!

D| Satoshi Club: Hello! Welcome to Satoshi club!

Mary | Satoshi Club:

Hello, Paul, happy to see you here👍 How are you today?)

Paul «The Khal» Scott:

Top of the world – it’s a great day to be alive! My colleague @fraserbrown_org is blocked folks Please add him too, thanks!

Mary | Satoshi Club:

Great👍 and now we will help your colleague)

Serg | Satoshi Club:

Just added

Mary | Satoshi Club:

Thank you 😊 You’re welcome 😀

D| Satoshi Club:

Woohooo! 🥳 @fraserbrown_org welcome!

Paul «The Khal» Scott:

Let’s ggoooooo

Mary | Satoshi Club:

And now, when everyone is here, let’s start with the intro😀

Fraser Brown:

I’m an Engineer with an MBA, went on to represent Ireland in the Olympics. Then had a diamond business in New York before getting back to tech (I was a strategy consultant post MBA). Helped conservation organisations with innovative finance for four years before going full Ethereum and Degen. Could you, please, introduce yourself and tell us how did you start with Hardcore by DGVC)

Paul «The Khal» Scott:

My background is largely in Financial Services. I rose through the ranks in banking to become a Group Treasurer.

For the last 8 years I have been working with disruptive technology, and now full time on Blockchain! IT has been a very exciting journey for the last 5 years for sure.

Fraser and I have been working on the concept of Degen.VC for a couple of years now — we’re happy to bring our ideas to the market!

Mary | Satoshi Club:

Oh, I like diamonds😂 do you still own some?😂 And how do you feel full time here?)))

Fraser Brown:

A few;😀. loving the idea of NFT’s representing diamonds

Paul «The Khal» Scott:

Degen.VC was launched in mid-August this year, but the concepts have been worked on by the 2 of us for a couple of years. A video of the current version of our curation market can be found on our website — it shows how we integrate into Uniswap as well.

Mary | Satoshi Club:

Oh, I want this one😂 You can share it here😀

Paul «The Khal» Scott:

Hardcore feels like a natural progression for us. I’ll have to dig it out quickly!

Mary | Satoshi Club:

It feels like some kind of freedom)

Fraser Brown:

We have a plan

Paul «The Khal» Scott:

We spent quite a bit of time looking into the NFT market – we launched really quickly on the back of the success of Meme! But NFT’s are not enough, we think

Mary | Satoshi Club:

Yes, you have a lot of opportunities in this market 😀

Fraser Brown:

Degen VC has a token DGVC. If you are an LP holder you receive alphadrops ie. airdrops of innovative projects we launch with a big enough community we can get to the point where this alphadrop plus a Uniswap will find the market price and become a unique form of de facto venture finance

Mary | Satoshi Club:

Alphadrops sounds solid 😀 Thank you for the intros, guys👍 We have a lot of questions from our community and I think we are ready for them? Are we?)

Fraser Brown:

We recently launched an innovative DEX this way behodler.io. The governance token EYE was airdropped. We will liquidity mine in the coming weeks

Paul «The Khal» Scott:

We are ready!!

Mary | Satoshi Club:

It’s a part of Hardcore by DGVC?)

D| Satoshi Club: When binance?

Paul «The Khal» Scott:

No – Hardcore is a new project all on its own

Fraser Brown:

Deflationary tokens started becoming quite interesting when projects allocated a chunk of tokens to stakers over time as an incentive — but this allocation runs out obviously so these tokens lack longevity, especially if the token supply is hard-capped, which it should be.

FOT (fee on transfer) was the next step where the token itself was built to take a fee when transferred from one address to another. This fee can then be used to reward stakers. But the trouble with this is that the token often lacks utility beyond the FOT innovation itself, so the appeal is limited and volumes dry up. You saw that with ENCORE for example.

HARDCORE is a “beyond yield” token.

$HCORE actually gives its holders something beyond deflationary mechanics. The fees mount up and one degen gets an exotic car through mining the winning spot the ball NFT (like botb.com)

Mary | Satoshi Club:

Actually, it’s the main question 😂

Paul «The Khal» Scott: When Binance?

D| Satoshi Club: When moon?

Paul «The Khal» Scott:

HaHaHa

Mary | Satoshi Club:

Mary | Satoshi Club:

So, @Cool_as_Ice let’s shoot with the first question 😉

D| Satoshi Club: 

Q1 from Telegram user @klaus_crypto

How can you give the opportunity to become their own VC to people? To become VC you need a lot of money. Or are you doing some kind of pool?

Paul «The Khal» Scott:

What a great question!

Fraser Brown:

Alphadrops are an innovation in venture finance. A project keeps tokens, a Uniswap market finds their value, the project has funding. But this is a very basic idea. It is, in fact, how MEME launched. And Degen.VC

But bigger plans are afoot. DGVC-V2 will be an FOT (fee on transfer) token that generates revenue. Also through liquidity mining (which is a form of reverse ICO), we can incorporate token fundraising in our venture finance stack also

Paul «The Khal» Scott:

/done

D| Satoshi Club:

Ok, thanks for the answer! @madamlobster do you have any additional questions?

Mary | Satoshi Club:

Which fee on transfer do you have? Do you have numbers?

Paul «The Khal» Scott:

Yes, we do – we have settled on a value of 5% for the fee on transfer, but more importantly, it is how we plan to use this fee!!

Fraser Brown:

(this is for HARDCORE)

Mary | Satoshi Club:

And how?)

Paul «The Khal» Scott:

As Fraser says – this is for Hardcore… There will be 2 vaults…

D| Satoshi Club:

We here for Hardcore!

Mary | Satoshi Club:

Hardcore is the best)

Paul «The Khal» Scott:

NFTVault

The NFTVault is largely the NFT / meme idea — gather fees in order to, via a skill game in the guise of a spot-the-ball contest — win a Lambo! YES – A LAMBO IN REAL LIFE!!

LiquidVault

The LiquidVault is our innovation — the fees gathered in this vault can be claimed by anyone sending ETH to that vault. This means the person sending the ETH essentially buys HCORE tokens at a huge discount. The caveat is that the ETH and HCORE tokens are pooled, and this LP is locked for 1-month.

Paul «The Khal» Scott:

You read that right. Someone will win a Lambo that we will buy and ship to them!

Fraser Brown:

80% of HARDCORE tokens will be airdropped to the DGVC LP (buy DGVC, pool DGVC, get HARDCORE)

Mary | Satoshi Club:

Lambo soon😂

Fraser Brown:

Lambo very soon 😂  unbelievable

D| Satoshi Club:

First, buy DGVC then Lambo

Mary | Satoshi Club:

Thanks for your answers) let’s go forward to the next question?)

Paul «The Khal» Scott:

Yep, it’s that simple… And 80% of Hardcore tokens will be #alphadropped to DGVC LP’s

Mary | Satoshi Club:

It will be easy to recognize your user on the street 😂 they will have Lambos) Shoot the next, please, @Cool_as_Ice 😉

D| Satoshi Club:

Q2 from telegram user @HurricaneLad

The idea of winning EXOTIC CARS by just pooling $HCORE and mining NFTs is unbelievable, please can you make it believable for me?

Comment from @sspurss : this question is so funny that I had to select it 😀

Paul «The Khal» Scott:

LOVE IT!!

Fraser Brown:

Hit the guys with the Math Khal Paul

Paul «The Khal» Scott:

Incoming!!

Mary | Satoshi Club:

Yes, we need math😂

Paul «The Khal» Scott:

Here’s how simple it is… When HCORE trades $10-15M in volume, someone wins a LAMBO… This image explains it all

Depending on the % going into the NFTVault, depends on “when Lambo”… Simple as that, really

Fraser Brown:

Spot the ball contests are provably popular. On top of this, players get to park their money in a provably robust deflationary system. We think “beyond yield” is the next thing. We think it’s game on

Mary | Satoshi Club:

Which volume does it have now?

Paul «The Khal» Scott:

It is not yet launched…check our website hcore.info It has a countdown timer

D| Satoshi Club:

Still have time to buy some DGVC

Paul «The Khal» Scott:

EVERYONE still has time to 1. Buy DGVC; 2. Pool DGVC; 3. Wait for FREE HCORE #alphadrop! Still time.

Paul «The Khal» Scott:

Still time

Mary | Satoshi Club:

Where can we buy DGVC?

Fraser Brown:

https://app.uniswap.org/#/swap?inputCurrency=0x26E43759551333e57F073bb0772F50329A957b30

get em while they are cheap😀

Mary | Satoshi Club:

Do you plan to list it on another DEXs or CEXs?

Paul «The Khal» Scott:

We love Uniswap so much… It might take a while before someone can convince us lol

Fraser Brown:

We found with DGVC that eventually decent exchanges list you e.g. Bilaxy.

Mary | Satoshi Club:

It’s true😂

Fraser Brown:

But for every opportunity like this there are sales pitches from 40-50 wannabe binances LOL

Paul «The Khal» Scott:

True story – I get 5x per day @ least lol

Mary | Satoshi Club:

5x😂

Mary | Satoshi Club:

Yes, guys, it’s real crypto)

Paul «The Khal» Scott:

5 exchanges – but yes, why not DGVC 5x lol

Mary | Satoshi Club:

I feel the smell of a bull market) I think it’s easy) Ok, thank you for clear math😀 I think all our users counting now😂

D| Satoshi Club:

And waiting for Lambo.

Mary | Satoshi Club:

And we can go straight to the next question) of course, if everyone is agreed😉

Paul «The Khal» Scott:

ready

Mary | Satoshi Club:

Stop. Which color will be lambo?😂

Paul «The Khal» Scott:

Whatever the winner wants!!

Paul «The Khal» Scott:

As long as it is available that week 😂

Mary | Satoshi Club:

👍 ideally) @Cool_as_Ice 😉

D| Satoshi Club:

Q3 from Telegram user @mikenit890

An LP hodler can stake a maximum of 2.02 LP PER DAY to earn 1 point. You require 2 points to mint the NFT, so at maximum LP it will take 2-days. Does this imply that there is actually no limit to the amount of NFTs that can be minted, as long as the 2 points to mint the NFT is acquired?

Fraser Brown:

The spot the ball images is made up of coordinates that equate to pixels There is a limit theoretically. However viable ball positions will represent hundreds of thousands of points. Also, fascinating is the fact that people can sell the NFTs representing coordinates on a secondary market such as Open Sea

Essentially, when someone has enough points earned by staking LP they can mint an NFT that represents one coordinate we just staged a soccer match where our development team are and where I am now in Kyiv, Ukraine, with a team of photographers

Mary | Satoshi Club:

What😂😂😂😂 Kyiv, not Kiev)))

Paul «The Khal» Scott:

Rookie error 😂

Mary | Satoshi Club:

Ok, did you count how many chances to win has one NFT?

Paul «The Khal» Scott:

Only one NFT is the winner

D| Satoshi Club: Unforgivable mistake

Paul «The Khal» Scott:

A panel of judges will decide which NFT represents the winning position.

Mary | Satoshi Club:

What is a panel of judges?)

Paul «The Khal» Scott:

All completely transparent, just like Fraser and I whose profiles are completely public on LinkedIn, Twitter, and everywhere – no anon teams here!!

Fraser Brown:

Я згодна, Kyiv, а не Kiev))

Mary | Satoshi Club:

Чудово) рада, що ми порозумілися😂

Paul «The Khal» Scott:

Ok ok proved your points lol

Mary | Satoshi Club:

Great👍 happy to hear that everything will be transparent 😀 Ready to go to the next question?)

Paul «The Khal» Scott:

A group of independent people who will decide what the winning position is, and that position will = an NFT held by someone who will win a LAMBO!

Paul «The Khal» Scott:

Go

D| Satoshi Club:

Q4 from Telegram user  @konditer_rolex

I am one of the few people who read pinned messages in Discord. It was from there that I learned that you have several development teams. Tell us what products each team is working on now. And who are the teams from? Perhaps you involve freelancers to perform one-time work?

Fraser Brown:

I am mainly dev ops. I’ll pick this up. We had a team of two Kyiv devs for 4 years. But times change and recently we will have put together a team of 5 full-time engineers here: 2 UI, 2 Solidity, and 1 full-stack. Among them are two seniors with audit experience. Over in South Africa where Paul is we work with one Senior called Justin who is also the creator Behodler dap. He wrote most of the code for HARDCORE meaning that the second team can effectively audit and vice-versa

Mary | Satoshi Club:

International team😀

Fraser Brown:

Once HARDCORE is open-source those with dev experience will enjoy following the commits and will see how the interesting teamwork plays out

Mary | Satoshi Club:

Btw, you will do the audit by yourself, or will also involve the third part?

Fraser Brown:

We are nearly in a position to become a foremost DeFi launch platform. Wild times ahead. Amazing projects in the pipeline

Mary | Satoshi Club:

Nice hints) we live DeFi here)))

Fraser Brown:

Because Justin wrote the core contract and has no relationship with our Ukraine Devs that have senior audit experience, we will keep this under the umbrella of Degen VC, one will audit the others work

Mary | Satoshi Club:

It’s an interesting decision 😀 but it should work, I think😀 Thank you for your answers 😃

Fraser Brown:

I would never rule out 3rd party audits but for now, this solution serves as a robust audit by any standard

Mary | Satoshi Club:

Yes, but these questions are common) everyone cares about safety 😀 And about the safety of his Lambo😂

Fraser Brown:

Agree

Mary | Satoshi Club:

Do you have to add something or we can go to the next question?)

Fraser Brown:

When I was very new in solidity 5 years ago I would always use external audits. Now it’s slightly different and we are just fortunate with the makeup of the team right now

Mary | Satoshi Club:

You know, I am not sure about audit projects. Not so many we can trust.

Fraser Brown:

Audits should only be published on main-net deployed contracts. Otherwise useless

Mary | Satoshi Club:

Agree 😀

Paul «The Khal» Scott:

Our community insists I do that!!

D| Satoshi Club:

Now we know something new about audits, thank you for the answers! now let’s go to the next question!

Q5 from Telegram user  @jobel4

HARDCORE introduces new value-added staking rewards in the form of luxury goods — exotic cars, initially. This is amazing but this seems expensive and costly. So how will your platform manage to funds this kind of luxury item? Can you explain more about how to get this kind of reward by just staking in Hardcore?

Fraser Brown:

You might have seen what happened with Axion recently. Double audited code. A dev injected malicious code on deployment and was able to mint a massive amount of tokens and rug the project. Insane

Paul «The Khal» Scott:

I’ll handle that question

Mary | Satoshi Club:

It’s not just Axion… Yes🤦

Fraser Brown:

these are very good questions

Paul «The Khal» Scott:

The issue of creating value for token hodlers is one that is critical for us – there cannot just be a simple idea or utility for a token that drives adoption. And besides, every single crypto group you enter – people ask the inevitable “wen lambo” ; “wen moon”! We thought about this a lot – and decided that the fulfillment of the promise of “when Lambo” needs to happen – and why not let it be us that makes it happen! Yes, it is costly, but let’s use another statistic here…

When Andre Cronje (another South African btw) launched K3PR, it did almost $200M in volume on Day 1.

Mary | Satoshi Club:

You will reward just with Lambo?)

Paul «The Khal» Scott:

In Hardcore, this is 20 LAMBOS IN A DAY!!!

Mary | Satoshi Club:

Oh, yes, that was crazy)

Paul «The Khal» Scott:

So it’s not impossible at all, And no, not just Lambos

Mary | Satoshi Club:

Tesla?😂

Paul «The Khal» Scott:

The other portion of fees collected goes into a LiquidVault – where you can send ETH and claim HCORE tokens, at a massive discount! So it is, as Fraser says, “beyond yield”…

Many of our communities do not have the infrastructure lol!! All countries sell petrol…🤣😎

Fraser Brown:

The winner could sell the winning NFT on Open Sea. Now that will be wild

Mary | Satoshi Club:

Ok, let’s see, what you prepare for your community) we will follow your updates😀 i know some users, that are very interested in owning Lambo😂 Ohhh, want to see that😂

Fraser Brown:

It’s a marketer’s dream. Degens will ape in

Mary | Satoshi Club:

And we are close to the last question from this part 😃 ready?)

D| Satoshi Club:

Question number 6 is the last

Q6 from Telegram user  @cengizhantekin

For the NFT contest, once we comply with the requirements, we select coordinates. Then judges determine the position of winning NFT. So, how do they determine the winner, randomly or based on some criteria? Is there a possibility they select an empty coordinate or is it assured to select an occupied position? Finally is it technically possible that more than 1 degen select the same coordinates, if so, what happens when there is more than 1 winner?

Fraser Brown:

I’ll answer this. Spot the ball contests are a legally accepted variation on a lottery. As some of you will know blockchain lotteries have suffered from the hand of regulators.

One of the ways to ensure compliance is using judges to choose the winning ball position. I think this is to do with reinforcing the concept of it being a game of skill rather than chance. So, the judges will agree on which coordinate wins. We can read all of the NFT metadata and find the address which is closest to the winning formula. The NFT minting smart contract has been coded NOT to allow two people to choose the same coordinate. But as stated before there will be almost half a million realistic coordinate

Mary | Satoshi Club:

What the owner of NFT exactly has to do to participate? Only own?)

Fraser Brown:

The judges will probably publish the winning coordinate using a 5/6 gnosis safe (multi-sig)

Yes, own it. To claim, they will send it to us or, as mentioned before, they cold sell it. Imagine someone sold the winning NFT on OpenSea for $2.5 and it turned out to be worth 100000x this, that would be a bad days trading

Mary | Satoshi Club:

Can’t imagine, it’s near bitcoin pizza🤦

Mary | Satoshi Club:

🆗 I think it’s clear) if you don’t have anything to add we have the next part which can surprise you😉 It’s live questions part 🎊

D| Satoshi Club:

Thank you for the detailed answer! the first part of our AMA is over! the next part is ahead! we will open chat for 120 seconds and after closing, you will need to choose 10 questions! @fraserbrown_org @PaulScott5 sounds good?

Fraser Brown:

Unleash it.

Mary | Satoshi Club:

Let’s go 🚀

PART 2.QUESTIONS for a Hardcore by DGVC PROJECT from TELEGRAM COMMUNITY LIVE

In this part, we open a chat for the crypto community for 100 seconds. Then the guests from the crypto project choose the top 10 questions. These 10 crypto enthusiasts have earned cryptocurrency in the sum 300$.

Q – 1 from a telegram user @Ayh406

Will there be a mobile version?

Fraser Brown:

Yes, but not a mobile app.

Q – 2 from a telegram user @K2ice

Am not sure I understand how you plan to use the 5% fee on transfer. Is it the 5% FOT that you intend to use to buy a LAMBO for someone?

Fraser Brown:

I think the best answer here is to point you here –
https://medium.com/hcore

Q – 3 from a telegram user  @Pratze

Read from your Telegram, you have a community group name
‘VIP Co-Creation’ that the member of that group will get many benefits and get priority from Hardcore, how can we join that group? Is there any requirement?

Paul “The Khal” Scott:

This is the section of our Discord channel that is reserved for DGVC liquidity providers (LP). Just with with earning #alphadrops, you need to follow the steps: 1. buy DGVC here: t.ly/wCSc 2. Pool DGVC & ETH on Uniswap here: http://t.ly/0wvV. Once you have done this, you can enter our Discord and follow the steps to identify yourself as an LP – and then you will see all the VIP and co-creation channels!

This is super cool as our community of LP’s helps us develop projects for maximum success!

Q – 4 from a telegram user @surendra040

Should I participate before or after token launching and why?

Paul “The Khal” Scott:

Before, becoming a DGVC LP, means you will get HCORE tokens FOR FREE!! This will be in the % of your holding of DGVC LP – the more you hold, the bigger your share of the HCORE tokens! Simple as that. Waiting until after the #alphadrop means you might have to buy them on Uniswap – and who knows where the price will go?!?

Q – 5 from a telegram user @apocan99

When do you think the Lambo will be won by an investor, what is your forecast roughly?

Fraser Brown:

Within one week of launch, we think.

Q – 6 from a telegram user WakeUp! 🎉

Why did the #Hardcore project choose a DegenVC partner? and whether $HCORE can be staked and where to start staking and buy $HCORE tokens.

Fraser Brown:

Staking is kind of an afterthought right? It’s not embedded in the design. It’s “hey, here are some extra tokens we will dole out if you stake”. It is primitive. Our FOT fees are sent to a smart contract call liquid vault. You can send ETH to this smart contract and it will pool your ETH with its HCORE by interacting with Uniswap and then give you LP after one-month locking. See how this compares? It is elegant. It is embedded in the design. It is beautiful.

Q – 7 from a telegram user @GoldRocket27

I like creative guys. You are one of them. What message do you bring to the world with your project?

Paul “The Khal” Scott:

We believe that EVERYONE deserves the chance to be their own personal Venture Capitalist. Why should a small group of people make all the alpha from great projects? NO MORE!! Hardcore is an example of how we bring huge alpha to our community – 80% of all tokens will be given away to our LP’s…where else in the market can you find these benefits??

Q – 8 from a telegram user @GoldRocket27

I like creative guys. You are one of them. What message do you bring to the world with your project?

Fraser Brown:

We define Degens as a global community that insists on the right to be the first to own new tokens. VCs took back this after the ICO debacle. Degen.VC set out to find a way to bring the crowd back but this time safely. We are on that road. Our message to the world is to be part of this early and in a way, you can afford: buy and pool the DGVC token – www.degen.vc

Q – 9 from a telegram user  @konditer_rolex

Lamba, Rolex, football team – all these attributes of a rich life are presented on the site. I see that you have a small total supply and I understand that all this ostentatious luxury is not just PR. It seems that your project is for very wealthy investors. What is the minimum amount you need to participate in the so-called AlphaDrop? What do you do to avoid the bulk of tokens falling into the hands of whales?

Paul “The Khal” Scott:

On the contrary – you can invest a very small amount to become a DGVC LP, and you will still get HCORE tokens – the barrier to entry is very low for EVERYONE to have the opportunity to participate. We do not believe in further enriching the rich – everyone gets the chance to participate by becoming a DGVC LP. We are built to make sure ordinary people get alpha at entry-level…

Q – 10 from a telegram user @PaoloMonte87

Will you give the winner the possibility to opt to receive the equivalent prize in dollars or Bitcoins in lieu of the Lambo?

Paul “The Khal” Scott:

We are fully aware that there are some countries and territories where the costs of importing such a vehcile are going to be extrememly high. We are very interested in making sure the winner has the Lambo experience, so if you come over to https://t.me/hcorefinance, we have discussed how this might work out – even if it’s a trip to Las Vegas, a week with a Lambo, and then a cash prize!! We are not unaware of global challenges and will make the experience awesome for the winner, wherever they live! Can you believe – we both answered the same question!! I’ll find one more lol.

Q – 11 from a telegram user @nzikak

I understand that stakers of $HCORE LP tokens can mine NFTs for a Lambo. Is it a winner takes all contest or there will be other consolation prizes. If yes, what are the prizes?

Paul “The Khal” Scott:

The first prize will be a Lambo. After this, we will be creating a community voting capability where the community can decide how the NFTVault is spent – but remember…there must always be a game of skill involved. We cannot do a lottery (game of chance) that might cause a regulatory issue!  Phew

Part 3 – Results about Hardcore by DGVC Quiz

In the final part, we would like you to check your knowledge in terms of Hardcore by DGVC crypto-project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. All the correct answers you will find at the bottom of this Recap. Enjoy!

Answer for a question

Question: Hardcore is a Degen.VC project. Degen.VC exists to:
a. Help VC’s enter the crypto market.
b. Make sure VC’s make all the money in the crypto market.
c. Give everyone the opportunity to become their own VC.
d. Buy businesses for VC’s to steal.
Correct answer: c

Question: Hardcore will be a fee on transfer token. This means:
a. Tokens are auto-burned after each trade.
b. The smart contract charges a fee on each transfer of the token, including buys & sells.
c. You pay a fee when searching the token address in Etherscan.
d. You pay a fee when you load the token in your wallet as a new asset.
Correct answer: b

Question: Part of the fees, in HCORE tokens that are collected by Hardcore go into a LiquidVault. You can buy these fees by:
a. Telling the team you want them in an off-market deal.
b. Selling ETH on Uniswap for the tokens.
c. Making the team nice GIF’s for their Telegram Group.
d. Sending ETH to the LiquidVault, and getting locked liquidity for 1-month meaning a discount on the purchase.
Correct answer: d

Question: The Hardcore project will give someone a Lambo in a game of skill. How do you play this game?
a. Stake your HCORE LP on the Hardcore website and mint a spot-the-ball NFT.
b. Stake your DGVC LP on the Degen.VC website.
c. Stake your Hardcore tokens on the Hardcore website and mint a spot-the-ball NFT.
d. Stake any NFT you own on the Hardcore website and mint a spot-the-ball NFT.
Correct answer: a

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA:  Mercurity.Finance

Telegram  |  Tweeter  |  Website  |  Medium  |  You-tube  |  Uniswap  |  Coimarketcap |  Coingecko |  Github

We are pleased to announce our next AMA on November 30th 2020 at 02:00 PM UTC Time: Satoshi Club x AnRKey X

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join AnRKey X Telegram group

We will have the following structure:

Part 1: 100$ /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: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. AnRKey X Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about AnRKey X

For more details:
AnRKey X – @anrkeyxofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Today we are glad to tell you about the AMA session with our friends from KuCoin, one of the biggest exchanges by trading volume. The AMA took place on November 12, our guest was Alicia KuCoin (Senior Partner).

The total reward pool was 1000$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with Kucoin! welcome to Satoshi Club. 😀

Serg | Satoshi Club: @KucoinAlicia, welcome!

Alicia Kucoin: Hello everyone! I am Alicia from KuCoin, glad to join you guys today!

Mary | Satoshi Club: Alicia, could you please introduce yourself to our users. 😀

D. | Satoshi Club: And maybe you can even share with us some news about the campaigns that’s going on KuCoin right now? 😊

Alicia Kucoin: Haha, absolutely, give me a sec guys.

I am Alicia, I am a Senior Partner with KuCoin for more than 2 years now, my job focus on global marketing and PR. As for KuCoin, it’s ranking a top 10 exchange across the world with basically all kinds of crypto service: Spot, Futures, Staking, P2P, etc. Our daily trading volume reaches around $100,000,000 daily.

Mary | Satoshi Club: Unbelievable numbers.

Alicia Kucoin: Thank you, for more information, I would introduce you to: https://www.kucoin.com/news/en-kucoin-media-kit?lang=en_US

Mary | Satoshi Club: And what about campaigns, may be you can tell about them more?

Alicia Kucoin: Yes, quite a lot of campaigns going on! Let me introduce a little bit.

1. COMB related-2 campaigns, one is with a prize pool of 1,000,000 COMB as rewards, and another one is going on in our English group with awards of 60,000COMB. You guys can take part in both campaigns, you may refer here: https://t.me/Kucoin_Exchange/2374534
2. With BCH’s second hard fork coming, we have launched a BCH Deposit and Trade campaign. Prize is: 5,000USDT.
3. LINK& BNB& UNI&NEO-This campaign is to celebrate KuCoin’s Margin Trading platform adding these trading pairs. Prize is 7,000USDT.
4. Give Me Five-Futures Brawl: Our competitive campaigns for Futures trading. Prize pool is 1,600 USDT.

You can find all the campaign information here: https://www.kucoin.com/news/categories/promotion. Welcome to trade on KuCoin guys.

Q1 from Telegram user @brodzonl

How often KuCoin is listing new coins and how can token developers apply for token listing? Is KuCoin charging only exchange fee, is there anything needed to get listed on KuCoin except paying for listing fee?

Alicia Kucoin: To be honest, there is no standard pace we list a token. It’s not like we have to list 1-3 tokens within a month. We pay more attention to the potential of a token, which includes its team, developing plan, application scenarios, etc. After a strict review process, then we will make our decisions.

Mary | Satoshi Club: I often see projects announcing a possible listing on Kucoin. How do you feel about that? Do you allow this?

Alicia Kucoin: Haha, I would advise our users to pay attention to official announcements. As for the fees, as far as I know there is only the listing fees, but I don’t know the details. If anyone want to apply for listing, please submit from our official channel: https://docs.google.com/forms/d/e/1FAIpQLSf4tlSwIgZ5-QQJpKoi3-WnmwOVtpxFq4V8vv4CwZccizHuYg/viewform

D. | Satoshi Club: Ok, if i’m part of anonymous development team and we made crypto project can we get listing on KuCoin without revealing our identities?

Alicia Kucoin: This is quite detailed, I would suggest the team to directly contact our listing team. I can give the contact info if anyone needs it. Let the pros do their job, haha.

Q2 from Telegram user @NataliyaKil

Your team is systematically cleaning up the listing and removing any coins that might be malicious. How do you determine that a particular coin can harm your platform?

Alicia Kucoin: There could be many factors we evaluate a token, we have a specific procedure to follow called “ST”. There will be a period for watching before we tag the token as “ST” token, if the situation doesn’t change after the time, then we will decide to delist it. Factors will include like liquidity, cooperation, wash trading, market manipulation.  For more details，please check the specific rules here: https://support.kucoin.plus/hc/en-us/articles/360003256193-Special-Treatment-Area ST stands for special treatment.

D. | Satoshi Club: thank you for answer Alicia! do you have information about how many coins/tokens been delisted for the past year?

Alicia Kucoin: Not exactly sure, around 20 I guess.

Mary | Satoshi Club: But ST status doesn’t mean that coin will be delisted, right? I know, people often manipulate with this.

Alicia Kucoin: There will be an observation time before we finally decide to delist it.

Q3 from Telegram @borysfireball

Recently you released Kucoin mobile web version, could you tell us more about its advantages? And also about its security, as i was always afraid to trade from my mobile. What should i do to be sure that my account is safe?

Alicia Kucoin: Impressive to the person who raised this question, you must be a real KuCoiner, haha, we call it the M-site.

The reason why we launch this function is to deal with the APP issue. For one thing, you don’t need to download an APP, which can often fail to Apple users because of Signature issue. With these 2 sites: https://m.kucoin.cc,  https://m.kucoin.com, you will be able to add M-site to your cellphone, it’s much more convenient.

The biggest advantage of M-site is it’s really simple and convenient for users, I personally would recommend it to mobile users.

Q4 from Telegram user @jobel4

As a Kucoin user, there are some features in your App that not so clear to me like Kratos Voting. Can you explain more about this feature in your platform? How to participate in Kratos Voting? Who can participate this Voting? What is the purpose of this feature and what is the benefit that it will give towards your users? Thank you.

Alicia Kucoin: First of all, I would like to introduce a little bit about Kratos. It’s the testnet we have in plan for KuChain in the future. If you heard about KSM and DOT, you will understand better, KSM is also the testnet for DOT. In the future, Kratos and KuChain will be two parallel public chains. Both of them will focus on the financial sector and provide a more stable underlying technology environment for decentralized applications such as DeFi and DEX.

Kratos is co-ordinal with KuChain in concept, architecture and resource. After KuChain is officially launched, Kratos will still operate normally. So what about this vote? Let me explain.

Mary | Satoshi Club: Does it mean that you will have your own DEX and DeFi 😉 and if yes, can you tell when you plan to launch it?

Alicia Kucoin: After we launch the KuChain official, our DEX called KuDEX will be launched as well. Now I will introduce about the voting.

To be eligible for the voting, a customer needs to hold KTSt for which the distribution has ended on Sep 25th of the Genesis Token activity. So you need to hold KTSt to vote.

And what does this voting do? As you may know Kratos governance activities include on-chain proposals, voting, and verification. Through the above activities, everyone can obtain the benefits brought by the PoS consensus mechanism. So voting is part of the governance on the Kratos chain. Users who hold KTSt can participate in the voting through the Pool-X platform. After voting, you can get KTSt rewards.

Q5 from Telegram @PaoloMonte87

Recently Kucoin launched an interesting “3-promotional-offers” package: a 10% off trading fees for 10 days for anyone new to Kucoin; a 100$ futures giveaway to people who are trading on futures (by achieving a certain threshold); and a free airdrops of tokens based on trading volume.

Since almost all of the three promotions are based on the activity/volume generated, are these offers also valid if users utilize the KuCoin trading bot developed by 3Commas? Or is “manual” trading activity a mandatory requirement to participate & win in these promotions?

Alicia Kucoin: So first of all, we won’t limit the usage of trading bot. Users can use the trading bot for all products on KuCoin. But for all the campaigns, we adopt a mechanism to avoid malicious activities, such as wash trading, multilple accounts, fake IPs. If it’s normal trading for KuCoin products, then it’s fine. It doesn’t have to be manual operation, so don’t worry.

Mary | Satoshi Club: And if i trade manually do i have any chances to win in competition?

Alicia Kucoin: Yes, I mean for the trading volume, it’s not just about the speed, frequencies, order amount also counts, it’s weighs more.

Q6 from Telegram @alice_wonderland12

I know this is a sour question but I want to talk about the hacking attack that Kucoin suffered weeks ago. How has the platform overcome it, how is your security system stronger now? How has been building back trust in the community?

Alicia Kucoin: It’s been quite long 46 days roughly for us all, allow me to express our gratitude first to all the KuCoin supporters. Thanks for your understanding and patience.

Just newest update today, we have resumed 185 tokens already and recovered 84% of all lost tokens and thing are going pretty well. We are confident to recover all tokens and resume full service before Nov. 22. Here I would like to share a post from our CEO Johnny: @lyu_johnny https://twitter.com/lyu_johnny/status/1326465021346373632

We have received tremendous support from the commmunity and we have never seen such united action from all the projects and our staff. For that, we are so grateful!

Mary | Satoshi Club: How did you recover some tokens, which were taken away by hacker? Is it even possible?

Alicia Kucoin: Right, it’s like a first time for such accident. We have adopted multiple tactics, including but not limited to on-chain tracking, contract upgrades and judicial recovery, and so on. And once the case is closed, we will disclose full details to public.

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 80 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram User @HeRmAwAnTrAdEr

What’s so special about KuCoin that makes it better than its competitors?

Alicia Kucoin: We have developed into a diversified cryptocurrency financial services platform. For Spot, Margin, Futures, Staking and other products, we have some competitive advantages.

Spot trading: KuCoin currently supports over 200 tokens, and the liquidity is pretty good on KuCoin as well.

Margin trading: Margin trading supports most mainstream cryptos such as BTC, ETH and KCS with up to 10x leverage. Importantly, KuCoin supports the L3 mechanism. The L3 mechanism is unique in the industry

Futures: we introduced the world’s first Lite Version futures platform, where it only takes 30 seconds to register and 1 minute to learn how to trade futures, making each trade easier.

Pool-X exchange pioneered a free market that solves the liquidity problem of staked crypto.

Q2 from Telegram User @Giniwhite

All projects were alerted in terms of security since the Kucoin situation. How does Kucoin plan to reposition itself in the market and regain the trust of those affected users?

Alicia Kucoin: We have learned our lessons from this incident, and launched our “Safeguard Program”. Up until now, we have been supported by 5 global security institutions and more than 37 projects.

We will keep being transparent to all users regarding the progress of this incident and keep updating our products in the following days. What doesn’t kill you makes you stronger. This is how we grow from many crises, and become who we are today, a strong global decentralized community.

Q3 from Telegram User @victbt

What are the benefits of holding the KCS on Kucoin?

Alicia Kucoin: If you hold over 6 KCS and you can get KCS bonus. KCS holders can also participate in Spotlight and community voting.  In addition, KCS is the backbone of all our services, which means as the development of all these services continues, the intrinsic value of KCS will improve as well, benefiting all KCS holders.

Q4 from Telegram User @shair29

What is Pool-X? How its work?

Alicia Kucoin: Pool-X is a staking platform (www.pool-x.io) that pioneered a free market that solves the liquidity problem of staked crypto. In the liquidity trading market, users can trade staked assets and enjoy a higher level of liquidity, so as to avoid the risk or loss caused by price. for more info you can refer https://medium.com/kucoinexchange/introducing-pool-x-the-next-generation-pos-mining-pool-by-kucoin-e8dcff0a119e

Q5 from Telegram User @CryptoZaratustra

Do you think new DEX protocols like Uniswap and Balancer can completely replace the traditional exchange ordering model? Do you think CEX and Kucoin services will be in demand for a long time?

Alicia Kucoin: As a believer in blockchain, I am pretty in favor of decentralization and our team members in KuCoin share the same values for decentralization. While I do not think the relationship between decentralization and centralization will be like one replaces another completely. They both have their advantages and meet the needs of certain target groups. Just like the discussion between CEX and DEX. Will more people trade on DEX in the future, yes absolutely, but does that mean CEX will disappear? Not really.

Q6 from Telegram User @beanq10

Will Kucoin’s market fluctuate when Biden becomes US president? Do you think it is good or bad?

Alicia Kucoin: According to data from Watkins, Bitcoin prices have sharply risen after the previous two US elections.

During this period of the 2020 elections, Bitcoin has also recorded new high times multiple times, again confirming that there may be a connection between Bitcoin’s price and the US election. However, due to the uncertainty in the US elections, the situation has become even more muddled. Whether this will reduce confidence in the Bitcoin bulls, we need to wait for later verification.

Q7 from Telegram User @CryptoDurden

Yield farming and DEFI projects are the trend of 2020. How is Kucoin involved in the development of the DEFI space and what innovations has Kucoin brought to Yield farming?

Alicia Kucoin: In this rapidly changing industry, KuCoin has always been keeping a close eye on the new market trend, and KuCoin always reacts quickly to this. With the increasing focus on DeFi, KuCoin is happy to support more DeFi projects. To discover more hidden gems in the DeFi field, we launched the KuCoin Choice Community Vote DeFi Session.

We also launched DeFi Trading Board to help user easily invest DeFi projets. We are developing KuChian which will focus on the financial sector and provide a more stable underlying technology environment for decentralized applications such as DeFi and DEX.

Q8 from Telegram User @angelrose5

Now kucoin safe for every one?

Alicia Kucoin: Yes, KuCoin is now 100% safe for everyone and we expect to resume all services before Nov.22. After our internal review and wallet maintenance, we have deployed new security measures and updated our hot wallet, make sure such incident won’t happen again. Plus, with our Safeguard Program launched, we are very confident to defend any kind of attack.

Q9 from Telegram User @polwak

Kucoin recently partnered with one of the NFT developers… what do you think about the development of the NFT and whether in the future kucoin will present an NFT exchange like opensea?

Alicia Kucoin: We are payting close attention to the development of NFT. We have launched the NFT Trading Board to facilitate users to better participate in the investment of NFT. We donated 100,000 KCS to Dego.Finance to help its development. The NFT exchange as you mentioned we have some plan, please stay tuned!

Q10 from Telegram User @Brainchest

What new projects will be in spotlight?

Alicia Kucoin: In defining the Spotlight, we are more prone to the quality than numbers/quantity. The launching of Spotlight is initially envisioned to assist and propel the projects into the market by deploying an insight on aspects of technology and high potentiality. To be honest, it’s not an easy job to locate the most appropriate project in a limited period by applying the criteria that fits in and meet the conditions. We got some of them on our list, but it takes time to do the due diligence, stay tuned with us!

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about KuCoin. A link to a Quiz form were sent into the chat. Participants had 10 minutes to answer. 800$ were distributed between the winners.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club

Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish

Telegram Channel: https://t.me/satoshi_club_channel

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

KuCoin Exchange: https://t.me/Kucoin_Exchange

All problems exist in the absence if good conversation, Thomas Leonard said. In Satoshi Club we remove this problems by providing conversations with our guests and delivering their thoughts to the community. Today we would like to tell you about the AMA session with our friends from DefHold. The AMA took place on November 18 and our guest was Artega.

The total reward pool was 500$ and has been splitted in 3 parts.

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with DefHold! @cryptoartega welcome to Satoshi Club:grinning:

GoldRocket: Hi there, dear Satoshi Clubbers! welcome to the new episode of our AMA marathon!@cryptoartega welcome to Satoshi Club:wave:

Artega ¦ DEFHOLD: Good day everyone, thank you very much for giving us the opportunity to present our project to your community by hosting this AMA especially in such a swift time-frame! 😊

GoldRocket: Thanks for joining us. To be begin with, please tell us a few words about yourselves and how did you get to be involved in Defhold.

Artega ¦ DEFHOLD: My colleague Pisa (COO) and myself (CEO) know each other since many years having worked together in some well-known asset management companies. Since 2016, we’ve been involved in the Crypto space as more and more of our customers were willing to get an exposure to crypto projects.

Mary | Satoshi Club: And i am wondering what is the most professional experience that helps you work on DefHold?

Artega ¦ DEFHOLD: Yeah definitely a good one! I’d say that the experience helping the most is probably the in-depth knowledge of deal structuring and financial product inception. This gives us both so much ideas for future developments of the DefHold project!

GoldRocket: So what is DefHold?

Artega ¦ DEFHOLD: Summarized in a few words, DefHold’s ultimate goal is to become the reference platform for investors looking for diversification and products where their behavior will directly influence their yields.
The DEFO token will be the first product of the ecosystem and will enable holders to stake or farm their assets into pools with different pre-defined lock-up periods. However, all these pools will offer the ability to stakers and farmers to withdraw their assets at any time by applying an early withdrawal fee (“EWF”) if the assets are withdrawn before the term of the lock-up period. These EWF will be distributed to the stakers and farmers pro rata to their shares of the corresponding pool.

GoldRocket: Good goal!:+1:

Mary | Satoshi Club: Do you have programming skills or you hired experienced devs to develop DefHold?

Artega ¦ DEFHOLD: We have some basic programming/IT skills as we’re both passionate by this crypto area. However, I’d call it knowledge rather than “skills”. To launch our project we have hired a Lead Dev managing a team of 3 staff.

Q1 from Telegram user @kafeinen

Both Ferrum Network and LID Protocol had AMAs in Satoshi Club and they are great. How did you manage to do partnerships with them and what are the benefits you get

Artega ¦ DEFHOLD: First of all, I’d like to truly thank them for their support especially by being so accessible and helping all over the project development!
Regarding the benefits, I’d summarize them as follows:
– LID Protocol partnership guaranteeing a «rug-free» presale as 75% of the ETH raised will be allocated to Uniswap liquidity and 45% of the token supply (team, marketing and airdrop funds) will be time-locked for 10 months by LID smart contracts;
– Ferrum Network partnership offering a VIP staking pool to presale investors with a 290% APY. This innovative mechanism is intended to be a new safeguard preventing any listing dump, since any holder wishing to stake in the VIP pool won’t be allowed to sell his DEFO.

Mary | Satoshi Club: Yes, that’s really good partnerships :grinning: do you plan to have more?

Artega ¦ DEFHOLD: Yeah we have some ideas of future other partnerships which could make sense and fit to the project development. However, as nothing is yet confirmed nor discussed we won’t name any of them. It would just create FUD in the future in the event the partnerhips would’nt happen

GoldRocket: Therefore, I read about the VIP pool … what is this, tell us more for our community

Artega ¦ DEFHOLD: The VIP pool will be a private pool to be setup by Ferrum Network.
This pool will only be accessible to presale investors who haven’t sold any of their DEFO. To get access to this VIP pool offering an awesome 290% APY they’ll have to get whitelisted.
Basically this pool has been created to reward presale investors for their early investment and trust in the project and to distribute them our airdrop fund over the long term.

Mary | Satoshi Club: Great conditions:+1:

Artega ¦ DEFHOLD: Not too bad as revenues 😉 Given the number of investors who already joined our presale it seems to be much appreciated

Q2 from Telegram user @kenny_vermaelen

75% from the gathered funds will be locked on uniswap permanently thanks to LID protocol. That is impressive and bring trust. But you will have only 25% funds available. Will it be enough for you to develop your project? I see that the funds are gathering quickly, so you will have your hardcap soon

Artega ¦ DEFHOLD: Yeah 75% is quite a good amount but think its mandatory to ensure sufficient liquidity to investors for smooth trading and protect them from potential rug pull.
From the remaining 25%, 5% represent the LID fees. The remaining 20% are indeed used to cover future development costs, initial funding, etc
However, as you probably also noticed, 10% of the total supply are allocated to the team and will be released over 10 months by LID smart contracts. Think this is a great incentive to get team delivering over the long-term.

Mary | Satoshi Club: Yes, that’s really brings trust to everything you are doing:grinning: 5% LID fees, it means that you will pay them 5% from the whole sum you will raise, yes?)

Artega ¦ DEFHOLD: That’s correct. Given the great “rug-free presale” guarantee they offer to our investors, I think it’s quite a fair remuneration.

Mary | Satoshi Club: Yes, quite fair, everything for your users to be sure in their safety :grinning:

Q3 from Telegram Username @Splendicity

Oh my GOD!!! Why is your Pre-sale price and the Uniswap listing price the same?
Pre-sale price > 1 eth= 1.56 $DEFO
Listing price > 1 eth = 1.56 $DEFO
What then is the benefit of being an early bird? Or is there reasons for that?

Artega ¦ DEFHOLD: You’re right, the presale base price and the uniswap listing price will be the same, i.e. 1.56 DEFO = 1 ETH (LID’s requirement to decrease listing dumps).
However, you can get a discount up to 25% of the presale base price depending on when you invest in the presale. The bonus tranches are as follows:
0–100 ETH: 25% bonus
100–500 ETH: 20% bonus
500–1,000 ETH: 15% bonus
1,000–1,500 ETH: 12,5% bonus
1,500–2,000 ETH: 10% bonus

Currently you’ll only get a 10% bonus as we just crossed the 1,500 ETH mark 😉 Additionally, by investing during the presale you’ll get access to the VIP staking pool. Only presale investors not selling their DEFO will get whitelisted for this pool.

Mary | Satoshi Club: Also, as i saw on pre-sale page, there is a refferal program there. Will rewards be payed in DEFO?

Artega ¦ DEFHOLD: Yeah you’re right. You can earn 2.5% of the investment made through your referral link. These rewards will be paid in ETH

Mary | Satoshi Club: Got it, thank you! A lot of incentives to join your pre-sale:grinning:

Artega ¦ DEFHOLD: Yeah quite a lot and also a lot to hold over the long-term 😉

Mary | Satoshi Club: Btw, if investor bought, for example 15 DEFO and sold just one, will he be able to join VIP staking pool?

Artega ¦ DEFHOLD: Unfortunately, they won’t get whitelisted. They really have to keep all their DEFO. However, once they’ll be whitelisted they can for example stake 14 DEFO and sell 1 DEFO.

Q4 from Telegram Username @Rebel99

DEFO is non-inflatory and staking rewards are generated from those who withdraw their stakes early. Why did you choose to use this approach as opposed to an already fixed staking rewards allocation? What happens in situations where the EWF isn’t really much or negligible?

Artega ¦ DEFHOLD: The revenues won’t be constant in order to generate them in non-inflationary ways. Indeed, the revenues will emanate from the EWF and from the transfer fees. Therefore, in the first case return percentages will vary according to the number of people withdrawing their funds before the end of the lock-up period. In the second case, they’ll vary according to the DEFO volume as a 2% transfer fee will be applied on it.
The transfer fee will guarantee minimum revenues in case no one withdraw his funds before a lock-up period is over (which I highly doubt)

GoldRocket: why do you doubt?:grin:

Artega ¦ DEFHOLD: Cause I know very few traders out there able to plan market moves and manage their portfolio in such an accurate way enabling them to stay in a position for many months or even weeks 😉

Mary | Satoshi Club: This decisions about non-constant revenues will be made manually or you have algorithm?

Artega ¦ DEFHOLD: These will be automatically calculated based on the number of early withdrawals

Q5 from Telegram Username @konditer_rolex

The division into VIP staking and normal staking confused me a little. Tell us about the conditions in these two types of staking. And don’t you think that late investors will have little motivation to enter the project knowing that only regular staking awaits them? After all, they will not just find themselves in the worst conditions , but in fact, absolutely no guarantees, unlike investors from VIP staking

Artega ¦ DEFHOLD: To summarize, I’d say that VIP staking will only be accessible to presale investors. Normal staking will be available to everyone.
Can somehow agree with you but we truly believe that presale investors have to be rewarded for the early investment and trust in the project!
Moreover, this will be beneficial for everyone as it aims to avoid huge listing dumps.

Mary | Satoshi Club: I see a tendency now, that almost all pre-sales are dumping after Uniswap listing. Your listing price didn’t include bonuses, so to avoid dump you need to be sure)

Artega ¦ DEFHOLD: Yes it’s becoming an usual issue… Through this feature we hope to bring a solution to tackle it

Q6 from Telegram Username @PaoloMonte87

I truly appreaciate DEFHOLD’s long-term sighted approach. It usually means careful consideration of the pros and cons and also planning. For that goal, you’ve implemented both the EWF mechanism and the monthly airdrop. The latter consists of a monthly airdrop equal to a 10% rate for the next 10 month, after the program’s inception, only for eligible investors who have been holding DEFO for more than 1 month.
It’s not clear to me though… what’s the base value on which the 10% is calculated? Is it the total holding value at the beginning of the airdrop program? Or will this value be recalculated periodically (maybe each month via snapshots?) and considering each investor’s updated holding amount at the start/end of each period?

Artega ¦ DEFHOLD: The 10% represent 10% of the fund. Initially, 3,000 DEFO will be in the airdrop fund thus meaning that 300 DEFO will be released monthly by LID smart contracts. Thereafter, 150 DEFO will be allocated each month to the VIP staking pool thus meaning that this pool will run for at least 20 months.

We’ve worked on snapshots but as you mentioned it, this solution would enable people to move their holdings between the snapshots. It is why we decided to go ahead with the VIP staking pool which is in our opinion the best way to force people hold their assets.

Mary | Satoshi Club: Who will be eligible for monthly airdrop?

Artega ¦ DEFHOLD: They’ll be distributed to the stakers of the private pool.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @cengizhantekin

You have 5 Staking pools in your system with different EWF. As the time pass you transfer the stakers to an upper pool which has lower EWF. What about the staking income?

Artega ¦ DEFHOLD: Each time a pool reaches the lock-up period of a faster pool, investors’ funds will be automatically transferred into the faster pool. In this case the EWF and rewards will automatically change to match those of the pool in which the tokens are transferred.

Q2 from Telegram user @tuvalunia

What is the first milestone after the presale completed?

Artega ¦ DEFHOLD: The first one will be to launch the VIP staking pool which will be accessible this weekend already!

Q3 from Telegram user @Splendicity

I see that 1 with = 1.56 $DEFO
In a situation whereby someone have less than 1 eth? Can he still participate in the ongoing presale?

Artega ¦ DEFHOLD: Yes you can definitely participate as the minimum contribution is 0.01 ETH.

Q4 from Telegram user @apocan99

DEFO total supply amount is very small: 12 K tokens, why? And no plans for minting ever, why not?

Artega ¦ DEFHOLD: The supply taken alone does not mean much it will always have to be put in relation with the price.
As we wanted to offer non-inflationary products, we simply can’t allow further mintings.

Q5 from Telegram user @Rebel99

In your Whitepaper, it’s mentioned that in order to increase the buying pressure of $DEFO, every additional tokens’ pool will require to stake the amount corresponding to EWF in DEFO. What does this mean and how will it benefit $DEFO holders?

Artega ¦ DEFHOLD: In the future, it is expected to offer EWF pools for other tokens. As people will have to hold the EWF in DEFO there will always be demand for the token and supply will be capped thus generating increased buying pressure.

Q6 from Telegram user @BeastIncarnate7

Your Website looks neat but it doesn’t have enough deatails of the Exchanges you plan to list..
Can you say which are the targeted Exchanges for $DEFO…?

Artega ¦ DEFHOLD: DEFO will be listed on Uniswap immediately after presale end. As regards to other exchanges, we truly believe they don’t bring long term value to a project unless maybe Binance and Coinbase.
Other exchanges create most of the time a pump by the announcement but are then destroying the project in the long run as listing fees are paid and those funds can no more be used for project development, marketing, etc…

Q7 from Telegram user @zaferce

Why did you choose the LID protocol to provide investment strategies and guarantee a reliable project to the investor and How will this affect the token supply (team, marketing and airdrop funds)?

Artega ¦ DEFHOLD: We made our presale on their platform as they offer a “rug-free presale” guarantee. Regarding Team, Marketing 2 and Airdrop funds, they will be time-locked and released at a monthly 10% rate over 10 months by LID smart contracts.

Q8 from Telegram user @BboyForteVZLA

What benefits can I obtain if I buy your $DEFO token in your PRESALE and not buy it when it is already listed in an Exchange?

Artega ¦ DEFHOLD: Currently you get a 10% bonus + you can get whitelisted to stake in the future VIP pool

Q9 from Telegram user @BboyForteVZLA

The name of your project “DEFHOLD” seems interesting to me so I want to know where the idea of ​​this name came from? What does it mean?

Artega ¦ DEFHOLD: DefHold is a mix of DeFi and Hold
This name made sense to us as our objective is to provide new DeFi products and reward crypto-investors holding their assets for the long-term

Q10 from Telegram user @BboyForteVZLA

It’s amazing that DEFHOLD offers 290% APY on a pool !! So I want to know how can I participate? What do I need to do to participate in your pool with APY of 290%?

Artega ¦ DEFHOLD: First you have to buy your tokens during the presale.
Then you’ll have to fill a form within 24 hours after presale end and not sell any of your DEFO until you get whitelisted.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of DefHold. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:

DefHold Community: https://t.me/DefHold

We are pleased to announce our next AMA on November 20th 2020 at 06:00 PM UTC Time: Satoshi Club x Flexi Coin

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Flexi Coin Telegram group

We will have the following structure:

Part 1: 100$ /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: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Flexi Coin Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Flexi Coin

For more details:
Flexi Coin – @Flexi_Coin
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 20th 2020 at 04:00 PM UTC Time: Satoshi Club x Investro Fund

⚠️Click to see the hour
⚠️Total Reward pool: 500$

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Investro Fund Telegram group

We will have the following structure:

Part 1: 100$ /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: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Investro Fund Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Investro Fund

For more details:
Investro Fund – @Investro_Fund_Official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 22nd 2020 at 02:00 PM UTC Time: Satoshi Club x Offshift

⚠️Click to see the hour
⚠️Total Reward pool: $1000

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Offshift 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. Offshift Team will select 10 questions and answer them.

Part 3: 700$ – A quiz about Offshift

For more details:
Offshift – @OffshiftXFT
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers Another AMA took place at Satoshi Club and we would like to introduce to you the AMA session with our friends from Ferrum Network crypto project. The AMA took place on 12 November.

The AMA session was divided into 3 parts with a total crypto reward pool is 500$.

Leading the AMA our clever and fun admins:

@madamlobster and @Cool_as_Ice

The Representative of the project: 

Ian Friend – Co Founder and COO of Ferrum Network.

PART 1. INTRODUCTION of Ferrum network PROJECT AND COMMUNITY QUESTIONS.

Mary | Satoshi Club:

Hello again, Satoshi Club! We are happy to announce our AMA session with Ferrum Network! Welcome to Satoshi Club😀
D| Satoshi Club: Hello again Satoshi club! 👋

Ian Friend | Co-Founder @ Ferrum Network:

Hello everyone!

D| Satoshi Club:

@ifriend05 hello! Welcome! How are you?

Mary | Satoshi Club:

Happy to see you here 😊

Ian Friend | Co-Founder @ Ferrum Network:

Sorry for the mix-up. With daylight savings time I am actually 5 hours behind UTC. Not 4 hours like I thought.

Ian Friend | Co-Founder @ Ferrum Network:

I am doing well! Excited to tell the Satoshi Club community more about Ferrum Network and everything we are doing

Mary | Satoshi Club:

Great😂 and np – we are all humans)

Mary | Satoshi Club:

Please, introduce yourself and Ferrum Network 😊

D| Satoshi Club:

Great! we have plenty of questions about Ferrum Network! 😊

Ian Friend | Co-Founder @ Ferrum Network:

My name is Ian and I am the co-founder of Ferrum. Ferrum has built a cross-chain DeFi ecosystem with 5 products, tens of thousands of active users, 30+ staking clients, over $7 million locked in our staking protocol across the 30+ projects, and as of earlier this year, a profitable business based on our staking as a service, which brings in a lot of revenue each month, which we use to buy back FRM.

Ian Friend | Co-Founder @ Ferrum Network:

The FRM token itself has at least 7 utilities: ferrum.network/utilities including holder benefits were simply holding FRM and FRMx in your UniFyre Wallet (our non custodial wallet) can earn you 30% APY each month. Ferrum.network/rewards for more info on the holder benefits

Mary | Satoshi Club:

Was this giant built in a short term or you have been developing Ferrum for a long time?)

Ian Friend | Co-Founder @ Ferrum Network:

We are in the midst of an awesome community is driven marketing campaign where you can win up to $300 just for participating and the more retweets we get, the more FRM we buy back to up to $25,000!

$25,000 FRM Buy Back and Stake Contest!

To celebrate the launch of Staking 3.0 with APYs up to 80%, we will buy back and stake $25,000 $FRM!

Retweet and comment about why you love FRM and tag 3 people.

Top 3 retweets will win 1 $FRMx (approx. $320) each, and the next top 20 will win .25 FRMx each.

1/3 pic.twitter.com/QHmL3tk8Ak

— Ferrum Network (@FerrumNetwork) November 11, 2020

We started Ferrum in early 2018. I was working as a blockchain lawyer in New York City and my co-founder was a senior engineer at Bloomberg. We won a competition to pitch the project at the main stage of Consensus NYC 2018 and Ferrum took off from there. We have been building and growing non-stop ever since.

Mary | Satoshi Club:

I like this contest👍 you should get a lot of new users recently)

Ian Friend | Co-Founder @ Ferrum Network:

It easy to participate and there will be a lot of winners! Not to mention the more retweets we get the more FRM we buyback. We already bought back $15,000 worth yesterday

D| Satoshi Club:

Nice! actually our first question from the community about ‘buyback campaign’, so we will talk about this very soon 😉

Mary | Satoshi Club:

So, now I understand why you look like you look) because a lot of new projects without any MVP on the market now😂 And i can see that you are not a ‘one day’ project 👍

Ian Friend | Co-Founder @ Ferrum Network:

Yes, our staking as a service actually provides a lot of those projects with token utility and a product. We launched staking tech for over 30 projects by now and more signing up each week. Here are just some examples.

https://defipie.com/staking/

https://staking.yland.finance/

https://www.uptrennd.com/portal

https://gather.network/staking.html

Mary | Satoshi Club:

Cool👍

D| Satoshi Club:

Awesome intro @ifriend05 thank you! so let’s start the first part of our AMA?

Ian Friend | Co-Founder @ Ferrum Network:

We are a mature and established project but we are constantly building and innovating. For instance, we just launched a new version of our staking tech we call Multi Token Staking or Liquidity Staking. We are also working on a new smart contract-based protocol that will be launched pretty soon….we are constantly building and responding to what our users and our community wants.

Mary | Satoshi Club:

As I see they want much and you’re giving this ‘much’ to them👍

Ian Friend | Co-Founder @ Ferrum Network:

A few weeks ago we sent approximately $200,000 worth of our governance token – FRMx – to everyone holding 50,000+ FRM in their UniFyre. Just one of the many ways we give back to our community regularly. In fact, each month people earn rewards just for holding FRM/FRMx

Mary | Satoshi Club:

Great, as I know UniFyre is also Ferrum’s project?)

D| Satoshi Club:

This reward was a part of the stacking program?

Ian Friend | Co-Founder @ Ferrum Network:

Unifyre.io is our noncustodial wallet with advanced DeFi technology such as Link Drops – which is the only tech on the market that allows you to send crypto anywhere using a link. No wallet addresses needed. I can now send crypto over telegram. here Ill demo it right now

https://u.linkdrop.us/FaWBHavsWq1HU9ANviWzEGr6WIrL

Anyone can click that link and will be taken to download the wallet. Then they accept the money and I counter accept. This is called double confirmation and means you never have to worry about sending crypto to the wrong address ever again!

Mary | Satoshi Club:

Yes, that’s great👍 I should try it)

D| Satoshi Club:

Very innovative approach!

Ian Friend | Co-Founder @ Ferrum Network:

we will send out rewards for the AMA using Link Drops! That way we don’t need to collect wallet addresses in advance. Just send directly to the winner’s telegram

Mary | Satoshi Club:

Wow, you see Satoshiclubbers 😉

Ian Friend | Co-Founder @ Ferrum Network:

There’s also a feature called Pool Drops where you can send crypto up to 100 people at once using a single link. Like a multi sender tool over telegram

Mary | Satoshi Club:

Unbelievable) it’s so easy) I see Ferrum Network has a lot of different features and functions 👍 and on our side, we have questions from our community for you😉 Ready to answer them?

Ian Friend | Co-Founder @ Ferrum Network:

Yes, I am!

D| Satoshi Club:

Let’s goooo!

Q1 from Telegram user @jitka1

You will do a buyback campaign worth of 25000$ to support your token. Why did you decide to do it now? Will it is a one-time campaign or there will be more in the future?

Ian Friend | Co-Founder @ Ferrum Network:

Yes, we are presently doing a buyback campaign of up to $25,000 based on how many retweets we get on this tweet: https://twitter.com/FerrumNetwork/status/1326507208478232582 .

However, we regularly do buybacks based on the revenue we bring in from our staking business. We have bought back around 1.5 million FRM in the past 4 or 5 months since we started this.

We will stake this $25,000 worth of FRM and take the staking rewards we earn and use those for a later staking round.

Mary | Satoshi Club:

You already have some retweets, sure, our members will help you too)

Ian Friend | Co-Founder @ Ferrum Network:

So it ultimately benefits the community

D| Satoshi Club:

You got my like and retweet😉

Mary | Satoshi Club:

And mine😊

Ian Friend | Co-Founder @ Ferrum Network:

Nice! We are close to buying back another $5k. When that happens, we announce it on our announcement channel

Ian Friend | Co-Founder @ Ferrum Network:

Ferrum Network completed the third stage of the $25,000 buyback

The tweet surpassed 200 retweets meaning $5000 of FRM was purchased, see the buyback address here: https://etherscan.io/address/0xaE917D933cD77c8C9A68f5AB0D2eD98532CaC787

Next stop 500 retweets: https://twitter.com/FerrumNetwork/status/1326507208478232582?s=20

Mary | Satoshi Club:

It’s really creative campaign 👍😉 and very useful for FRM holders and your community 👍

Ian Friend | Co-Founder @ Ferrum Network:

Thank you! I think we will definitely run it again each time we do a big product launch.

D| Satoshi Club:

After buy back what do you do with tokens?

Mary | Satoshi Club:

You definitely should👍

Ian Friend | Co-Founder @ Ferrum Network:

We stake them in one of the upcoming staking pools. In Staking 3.0, people stake FRM to earn FRMx. So we will take the FRMx we earn from staking and use that FRMx for another staking round later on.

Ian Friend | Co-Founder @ Ferrum Network:

Introducing the Staking 3.0 landing page. Staking pools will open next week!

In this staking round, you will stake FRM to earn FRMx, our sustainable governance token. Simple, secure, and dynamic. The Ferrum Network way.

↓↓↓

https://ferrum.network/staking-3-0

Ian Friend | Co-Founder @ Ferrum Network:

Here you can see the staking options with APYs and time lengths etc.

Anyone can join staking! The minimum to stake is only 5000 FRM

Mary | Satoshi Club:

It’s a circle where everyone wins) Just 160$, right?)

Ian Friend | Co-Founder @ Ferrum Network:

Yes, we are all about giving back to the community. We are a successful business now and we believe those benefits should also go to the FRM holders. Like for instance with our monthly holder benefits: ferrum.network/rewards

Yeah 5000 FRM is not a lot of $ right now. We wanted staking to be accessible to everyone.

Mary | Satoshi Club:

And it is) thank you for your answers! Ready for the next question?)

Ian Friend | Co-Founder @ Ferrum Network:

Yes!

D| Satoshi Club:

Q2 from Telegram user @PaoloMonte87

You strategically decided not to build your own standalone blockchain infrastructure and network, but instead to leverage what’s already been built with other blockchains, connecting them to your high-speed transactional layer and making possible the P2P exchange of digital assets on any network (BTC, Ethereum, EOS, etc…). Can you please tell us more about how the “lock address” mechanism works when sending/receiving tokens? How does the distribution of the private keys on the Ferrum Network nodes still manage to eliminate security and privacy concerns?

Ian Friend | Co-Founder @ Ferrum Network:

So this is a question pertaining to the Ferrum Network main net, which will launch next year. The main net is an interoperability network that can connect to nearly any blockchain, allowing users to create a wrapped version of those assets and bring them into the Ferrum Network, which is itself a high-speed low-cost DAG network. This means you can bring wrapped BTC or ETH into the network and transact/exchange it in milliseconds for near 0 network fees. Those network fees are paid in FRM rather than BTC/ETH. And each time an FRM is spent this way, a small amount is burned. We already have a private testnet of this technology, we just decided to begin our journey by launching user-facing apps like First Kudi (our African exchange app) and UniFyre Wallet (our noncustodial wallet) so that when we launch the main net, there are thousands of transactions on day 1 of launch. Here is a demo of the network running a BTC transaction in milliseconds.

Ian Friend | Co-Founder @ Ferrum Network:

Hard to believe we made this demo two years ago!

Mary | Satoshi Club:

Wow) do you have any campaigns for testers?

Ian Friend | Co-Founder @ Ferrum Network:

We will initiate campaigns closer to the time of the main net launch. Right now we are working on another smart contract protocol that will add a lot of value to the Ferrum ecosystem and is something the market really needs and wants right now. We hope to launch that by the end of the year, subject to how long the audit takes. Then in 2021, we will return our focus to the main net.

D| Satoshi Club: Can I able to send private/confidential transactions using Ferrum Network?

Mary | Satoshi Club:

Yes, what about privacy and confidentiality?)

Ian Friend | Co-Founder @ Ferrum Network:

Ferrum Network is not a privacy network per se. Like transactions will be viewable on the blockchain similar to how Etherscan works for Ethereum. That said, all blockchains are mostly private because all you see is an address

Mary | Satoshi Club:

I see) thank you 👍 Are you ready to go forward to the next question?)

Ian Friend | Co-Founder @ Ferrum Network:

Yes I am

D| Satoshi Club:

Ok, let’s continue!

Q3 from Telegram user @Jonahapagu

In Using your Token bridge to swap assets between BEP2 and ERC-20 you warn users that a potential penalty applies to the process what are the potential penalties here and what are the actions of the users that will trigger those penalties.. the bridge currently supports only the BEP2 and ERC-20 Chains what are your plans for expansion of supported chains

Ian Friend | Co-Founder @ Ferrum Network:

Yes, our tokenbridge.ferrum.network allows users to swap FRM between Binance Chain and Ethereum Network. The penalty just refers to the fee you pay in FRM in order to execute the swap. I think its 65 FRM. In terms of supporting other chains, yes that is in the long-term plans. For instance, we would like to extend the bridge to Binance Smart Chain and we are talking with the BSC team about that.

Mary | Satoshi Club:

Near 2$ for one swap, right?)

Ian Friend | Co-Founder @ Ferrum Network:

Yeah, that basically covers the ETH gas fees we pay on behalf of the user for the swap.

Mary | Satoshi Club:

So, it’s tied to ETH gas fees?

D| Satoshi Club:

Do you plan to build a bridge to Tron blockchain?

Ian Friend | Co-Founder @ Ferrum Network:

I had not considered it to be honest. We typically do what will add value to the community and FRM holders. I haven’t heard much demand for a bridge to Tron blockchain yet.

D| Satoshi Club:  Got it. thanks for your answer

Mary | Satoshi Club:

Ok, for which blockchains, except BSC you have demand from the community?)

Ian Friend | Co-Founder @ Ferrum Network:

The community hasn’t really asked for much in terms of the bridge recently. I think it’s pretty clear that most of the action in crypto these days is on Ethereum, with Uniswap becoming the most popular DEX. That is why we are focusing on different protocols on Ethereum like the new smart contract we are building…

Mary | Satoshi Club:

Got it👍 should we shoot with the next question?)

Ian Friend | Co-Founder @ Ferrum Network:

Yes let’s do it

D| Satoshi Club:

Q4 from Telegram user @konditer_rolex

Ferrum Staking 3.0 what is it? Usually, these numbers in the name 2.0 or 3.0 indicate an improved version of some product. Tell us about what happened and what will happen with the advent of Ferrum Staking 3.0

Ian Friend | Co-Founder @ Ferrum Network:

So Staking 3.0 is our third round of FRM staking. It is based on an advanced version of our staking technology we call Liquidity Staking or Multi Token Staking. This technology allows you to stake one token, but earn rewards in a different token. Opening up massive possibilities for staking. In this round, people will stake FRM and earn FRMx. In later rounds, you will be able to stake the UniV2 token to earn FRM or FRMx. And we can even do staking rounds where you can stake FRM to earn another project’s tokens.

https://medium.com/ferrumnetwork/introducing-liquidity-staking-flexible-multi-token-staking-technology-c05fb5c50588

Mary | Satoshi Club:

Which other projects?

Ian Friend | Co-Founder @ Ferrum Network:

We regularly are paid in other project’s tokens for UniFyre Wallet listing and/or for our staking tech. Instead of spending those tokens on ourselves, we can run staking rounds where people stake FRM to earn those tokens.

Ian Friend | Co-Founder @ Ferrum Network:

We also have an incubator called The Foundry where we incubate early-stage projects and get tokens from that. For instance Bondly.Finance is our first incubated project. So we can run a staking round where you stake FRM to earn BONDLY.

The Foundry – Incubator meets DeFi website

Mary | Satoshi Club:

Haha, it’s a genius mechanism😀 I am lost with the number of opportunities you can give😂😂😂

Ian Friend | Co-Founder @ Ferrum Network:

Basically, our vision for FRM is that holding it should make you money in many different ways. BTW if you hold 100,000 FRM you get access to pre-sale deals in the projects we incubate.

D| Satoshi Club:

So thus developers of new projects can get your support in the early stages?

Ian Friend | Co-Founder @ Ferrum Network:

Holding 100,000 FRM was one of the only ways to get into the Bondly pre-sale. And now Bondly is extremely hyped up. Their NFTs are already trading at like 6x.

Yes! Good projects can contact me if they are interested in incubation, staking technology, or just some friendly advice on how to succeed in this crazy crypto market.

D| Satoshi Club:

This is awesome! 👍

Mary | Satoshi Club:

Very cool💪 and ready for the next question?)

Ian Friend | Co-Founder @ Ferrum Network:

Yes sounds good

D| Satoshi Club:

Q5 from Telegram user  @yzmoney

Ferum has a foundry incubator that has incubated into a lot of projects, how does ferum curate and evaluate all this project? Which sector is currently the focus of the incubator in the next year?

Ian Friend | Co-Founder @ Ferrum Network:

Yes, we have an incubator called The Foundry. We have incubated only one project thus far: bondly.finance

The criteria for getting into the incubator is very strict. The team must be excellent. There must be a clear token use case and the ability to generate revenue so the project survives long term. The token metrics also must be favorable so that it does well in the short, medium, and long term. And we must like the team on a personal level since we work very closely with them throughout the incubation

Mary | Satoshi Club:

Why just one? So, just one project meets all your requirements?😀 Did a lot of projects try to get there?

Ian Friend | Co-Founder @ Ferrum Network:

We have others in the pipeline and hope to announce the 2nd one quite soon. There are many good projects. It’s also about timing because right now people are mostly focused on bitcoin. Once alt season returns we will be ready to launch more projects.

Mary | Satoshi Club:

Oh, that’s true) I know how to choose the right time😂 And the last question from this part?)

Ian Friend | Co-Founder @ Ferrum Network:

Ok

D| Satoshi Club:

Q6 from Telegram user @jobel4

As stated in your website that holding FRM and FRMx in UniFyre Wallet amplifies monthly rewards. When holding both tokens together you will be able to receive up to an Annual Percentage Yield (APY) of 30% without having to lock up tokens. So with this scenario how can we earn APY if it is not locked up? How does APY being calculated by just holding? What is more profitable in Ferrum Network, holding or staking? What is the difference between staking and holding in terms of applying it in your network?

Ian Friend | Co-Founder @ Ferrum Network:

So if you go to the calculator, just input your FRM/FRMx holdings and the current price of FRM you will see how much you will get after each snapshot. Snapshot happens each month. In fact, there is one tonight. We will distribute rewards a day or two later. The more you hold the more you earn all the way to up 30% APY.

What’s more profitable holding or staking? It just depends on which staking pool you are in. Remember staking locks your tokens, whereas holding you are free to move them.

https://medium.com/ferrumnetwork/introducing-ferrum-network-staking-3-0-7381e1c62ec3

Mary | Satoshi Club:

Everything is clear for me👍 @Cool_as_Ice do you have any questions?)

Ian Friend | Co-Founder @ Ferrum Network:

BTW staking pools open early next week! They will be open for 7 days or until full. Last time the highest APY pool filled in about 30 minutes!

Mary | Satoshi Club:

30 minutes 😂 You should start with this😂

Ian Friend | Co-Founder @ Ferrum Network:

Yes, the highest APY pool (80%) will fill quickly. But there are three others to choose from if you can’t get into that one.

Mary | Satoshi Club:

When next week? Do you have the exact date and time?

Ian Friend | Co-Founder @ Ferrum Network:

It will be on Monday morning (my time). Afternoon in Europe. Evening in Asia. Exact time not announced yet. Please join the Ferrum Announcement Channel for more info that will be announced very soon

https://t.me/ferrum_network_announcements

D| Satoshi Club:

Understood! 👍thanks!

Mary | Satoshi Club:

We will follow your updates😊 And are you ready for the live part?

Ian Friend | Co-Founder @ Ferrum Network:

I think so!

Mary | Satoshi Club:

Prepare, you will see real storm👍

D| Satoshi Club:

We will open chat for 120 seconds, after closing you will need to select 10 questions from Satoshi club members @ifriend05

Ian Friend | Co-Founder @ Ferrum Network:

ok great!

Mary | Satoshi Club:

Let’s go 🚀

PART 2.QUESTIONS about Ferrum Network PROJECT from the live chat of TELEGRAM COMMUNITY

In this part, we open a chat for the crypto community for 100 seconds. Then the guests from the crypto project choose the top 10 questions. These 10 crypto enthusiasts have earned cryptocurrency in the sum 100$.

Q – 1 from a telegram user @warny

How many projects are staking on Unifyre with the help of Ferrum network presently?

Ian Friend | Co-Founder @ Ferrum Network:

There are over 30 projects using our staking technology. Some are on UniFyre, others chose to do staking on their own website. There is approximately $7 million worth of tokens locked up in our staking protocol across those 30+ projects. The fees we earn from this line of business go to buy back FRM. We have bought back around 1.5 million FRM so far.

Q – 2 from a telegram user @satoshingmxcom

If I have 100,000 FRM. I can get access to the pre-sale in our incubated projects. Is that all the benefits I get? And those 100,000 FRMs are stored were to find out I am holding FRMs.

Ian Friend | Co-Founder @ Ferrum Network:

Holding 100,000 FRM in UniFyre Wallet gets you many benefits. One is access to pre-sales. The other is the monthly payouts of FRMx. You can use the calculator to see how much money you will make each month just for holding FRM/FRMx (the more you hold the more you earn, and the higher the price of FRM, the more you earn).

To see how much FRMx you will earn this month and how to reach 30% APY, please use the Rewards Calculator:

https://ferrum.network/rewards/

There’s a snapshot tonight to see how much FRM/FRMx you hold and therefore how much you will make this month. There are still about 12 hours until the snapshot!
Q – 3 from a telegram user  @BJosefina61

Currently, the governance of FRM is active with FRMx? What range of action does the governance have on the fate of Ferrum?

Ian Friend | Co-Founder @ Ferrum Network:

Yes so FRMx is our governance token. To gain access to the governance committee you need to hold at least 20 FRMx in your UniFyre Wallet. The governance committee makes all sorts of important decisions, including the APYs for staking, the new holding benefits system, and even comes up with marketing initiatives like the current one we have running on Twitter: https://twitter.com/FerrumNetwork/status/1326507208478232582?s=20
Q – 4 from a telegram user @Chinthaka93

What is the relationship between #FRM and kudi exchange? Is it the native coin of kudi exchange? Or is there any specific relationship between the kudi exchange and FRM? Could you please explain this

Ian Friend | Co-Founder @ Ferrum Network:

First Kudi is our first product we launched. It is part of the Ferrum Network ecosystem and co-owned by Ferrum. It is like the Coinbase of Africa. It allows you to buy/sell major cryptos with fiat currencies like the Nigeria Naira. It brings in pretty good revenue each month. So it’s an important part of our long term business.
Q – 5 from a telegram user @Splendicity

I have never seen an honest and caring founder like you. Your detail and prompt response to our enquiries are always appreciated. As SATOSHI COMMUNITY MEMBERS, how can we contribute our quarter to the success of $FERRUM?

Ian Friend | Co-Founder @ Ferrum Network:

Thank you! We love our community and try to give back to them in many ways. The easiest way to get involved with Ferrum is simply to download UniFyre Wallet, get at least 50,000 FRM/1 FRMx and hold it in there for monthly rewards. Of course, you can also stake your Ferrum or just participate in our marketing campaigns. But holding FRM is the key to getting the most benefits from our ecosystem, with the pre-sales, monthly rewards, staking, and our buybacks.
Q – 6 from a telegram user @cryptovgh

What is the difference between FRM and FRMX? Why have issued two tokens because you could have gone for a one token with FRM , Which factors forced you to issue another token as FRMX?

Ian Friend | Co-Founder @ Ferrum Network:

We wanted to issue a derivative governance token for a few reasons. For one, we built this innovative Multi Token Staking technology and we wanted to showcase it. So now you can stake FRM to earn FRMx. Since FRMx had no pre sale and we listed it at a $16.5k market cap, it did a 20x or so in gains. So staking FRM to earn FRMx is a valuable thing. Also we wanted a governance committee to help us make important decisions pertaining to the future staking rounds. It has proven to be an incredible initiative and the governance committee has added tremendous value. And FRMx has been great for the FRM holders as well – we dropped about $200k worth of FRMx to everyone holding 50,000+ FRM in UniFyre Wallet.
Q – 7 from a telegram user  @JoxesXIII

FerrumNetwork is well known for its staking program with large and emerging projects. How does Ferrum determine which staking program to launch or approve?

Ian Friend | Co-Founder @ Ferrum Network:

Yes we have over 30 staking clients and more come to us each day. We usually sign up at least 1-2 per week. We are happy to license this technology to most projects, but we have more strict rules around anonymous teams because we need to be careful about scams. But of course, simply because a project uses our technology does not mean we endorse them as an investment. Never invest just because a project has Ferrum staking technology. In all cases, they bought this from us and we don’t analyze them from an investment standpoint. Be careful and DYOR before investing.

Q – 8 from a telegram user @tuvalunia

You will release Staking 3.0 soon. What is the inspiration for selecting planet names (Saturn, Jupiter, Mars) for the pools? ROI will be too big?

Ian Friend | Co-Founder @ Ferrum Network:

The governance committee came up with those names and we thought they were clever. The farther planets away from the sun have the higher APY. The APY goes from 20-40-60-80%. You can choose which pool or pools is best for you. Some people prefer shorter term staking, others are OK with long term. There is also an early withdrawal option available for most of these pools in case you need your tokens out before the full maturity date. But if you withdrawal early, you will forfeit some of your rewards which will then be split between everyone who stakes until the end.

Q – 9 from a telegram user @Maksyrn

How does Ferrum Network help QuiverX to implement the Staking function to earn QRX tokens?

Ian Friend | Co-Founder @ Ferrum Network:

QuiverX is a staking client. They use our staking technology for their own token. If anyone here refers a project to us and they get the staking, you will earn $500!!

Q – 10 from a telegram user @Jonahapagu

Somewhere in-between one of your articles I saw that You have an upcoming product a “P2P fiat/altcoin exchange platform” this will be a big step towards mass adoption can you explain how this Exchange platform will work, what types of coins are you planning to list and for the fiats you will be onboarding what countries or regions are you looking at.. will this exchange platform differ from the decentralized or centralized Exchange platforms already available.

Ian Friend | Co-Founder @ Ferrum Network:

Yes, one of the future products on the roadmap is a P2P altcoin/fiat exchange similar to local bitcoins but for ERC-20 tokens. So you will be able to buy and sell alt coins directly for fiat in your local currency.

Part 3 – Quiz about DeFi project Ferrum Network

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA:  Ferrum.Network

Telegram  |  Tweeter  |  Website  |  Medium

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

We are pleased to announce our next AMA on November 18th 2020 at 09:00 PM UTC Time: Satoshi Club x Defhold

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Defhold Telegram group

We will have the following structure:

Part 1: 100$ /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: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Defhold Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Defhold

For more details:
Defhold – @DefHold
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish