Month: November 2020

Grow your cryptocurrency with farming, and you can get acquainted with the most interesting projects in this field at Satoshi Club. Today we would like to tell you about the AMA session with our friends from JustLiquidity. The AMA took place on November 14 and our guest was Tobias Graf, the CEO and Founder of JustLiquidity.

The total reward pool was 800$ 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 JustLiquidity! @Tgrypto welcome to Satoshi Club:grinning:

D. | Satoshi Club: hello Satoshi club!

Tobias: @madamlobster Thanks for the invitation!

D. | Satoshi Club: @Tgrypto how is it going? 😊

Tobias: Very well thanks.

Mary | Satoshi Club: Could you please introduce yourself and tell us more about JustLiquidity?)

D. | Satoshi Club: and maybe you even can share with us some news about JustLiqudity?

Tobias: My name is Tobias Graf, 30 years young (or old :blush:). I am the CEO and Founder of JustLiquidity.
In the first part of my career, I worked for about 11 years as a Finance & Insurance Broker. For two years, that is 2015 and 2016, my company was the biggest insurance and finance seller in the German Health Insurance space. In 2017 I ventured into my own new home in the global Blockchain industry to pioneer new ideas and services.
What is JustLiquidity:
There are currently many small cap and new tokens in the market. These are great concepts and projects, but when people go to trade them, there is either no buyer or seller. So there is no liquidity. It’s a great hassle that everyone has experienced at some point or other.
The other thing we noticed and that’s something everyone today knows – is that teams and projects dump their share of tokens. No one likes it. They just want to make a quick buck, and let other hodlers and investors down.
We therefore created JustLiquidity as a protocol for JulSwap to solve both these problems at once – there will always be liquidity, and team tokens will be locked. Important to note – this is all 100% decentralized too.
If you farm BNB, ETH or BUSD Liquidity into our Liquidity Protocols you can get up to 0.4% daily in interest and if you farm JULb, than you can get up to 0.5% per day! IMPORTANT: NO COMPOUND!

Mary | Satoshi Club: Great intro) Thank you! You have a lot of experience 😀When did you start to develop JustLiquidity?) How long did it take?

Tobias: We started around 5 month ago to develop and developed in this time a lot of products:
1. JulSwap (similar like uniswap on the binance smart chain) julswap.com
2. Liquidity Protocols:
http://bnbv2.justliquidity.org/
http://ethv2.justliquidity.org/
https://julb-swgb.justliquidity.org/
http://busdv2.justliquidity.org/
3. Limit Order for JulSwap and PancakeSwap (will be soon as well available for Uniswap)
http://limit.justliquidity.org/
4. Token Bridge from ERC20 to BEP20 and vice versa
https://bridge.justliquidity.org/
and more to come…

Q1 from Telegram user @mikenit890

How does JustLiquidity plan to invest the $100 million acceleration fund being given by the Binance? Would the JustLiquidity community profit from the investment?

Tobias: We got not 100 million for us, we got a part from it as selected Project. We use the funds for Marketing and Development the two most important points!
The community is is always the core from an project! Without Community no Projeect!
I love our community and thats why i love to talk with our community daily on twitter and via Telegram!
A big thanks to our community!

Mary | Satoshi Club: Yes, it’s one of the important parts of success 💪

D. | Satoshi Club: so what is your the next step in development and marketing? maybe any upcoming partnerships you can talk of?

Tobias:

Upcoming launch!
Trading on Uniswap and JulSwap Decentralized made even more easy and userfriendly!
1. Unique Interface
2. Limit Orders
3. Market Orders
4. Trading Analysis
5. Trading Dashboard
Decentralized Trade but with the User Experience of Centralized!
For the marketing we got and get support from the biggest and best crypto influencers on twitter and as well on youtube which is a big sign of trust for us and we continue to build up on our good Position.

D. | Satoshi Club: very nice! and i should admit – limit orders on DEX this is what we all waiting for :+1:

Mary | Satoshi Club: Wow, limit orders, that’s what we love)

Tobias: The upcoming partnerships are an secret until they are released 🙂
But we have already a few great partnerships with OBR (nftobr.com) & Vox Finance (vox.finance) or a project which launched on our Protocol (swirge.com)

VIDT as well 🙂 https://about.v-id.org/

so all great and big partnerships but the biggest approval are the invest from binance into our project!

D. | Satoshi Club: great! we had AMA with Vox they are very awesome guys!

Tobias: nice! im a VIDT holder 😄

Mary | Satoshi Club: Great partnerships, congrats:confetti_ball:

Q2 from Telegram user @sato_nakamo

0.5% are the interests we might get from farming on your platform. Please explain how this works and why it is so big? On binance I farm with busd and I get maybe 5% per year. Is it safe to assume I might farm on your platform and get 0.5% per day?

Tobias: How do we pay the interest of up to 0.5% per day?
1. We get 0.3% from JulSwap DEX pool from all the trades
2. Whenever the JUL/JULb token price increases the Protocol gets more Liquidity, so there is more Liquidity available to payout the daily interest!
Last weeks we burned around 2.5% from our total supply and we distributed as high as 0.9% JULb Tokens as rewards to our JUL and JULb hodlers!
The DeFi Advantages are very clear, no one can change it when the setup is done!
If the Volume increase in our liquidity pair and the JUL price increase, than as well the potential for higher interest increase. If the Volume and jul price goes down, the interest goes as well down.
And as well very important Liquidity Farming is never without risk, it is more secure than liquidity providing on Uniswap but never without risk!

D. | Satoshi Club: total supply of your token is 1 million as i know. how many tokens in circulation at the moment?

Tobias: IF you stake on Binance you can be 100% sure it will be always the same value but in the farming process is more risk involved.

Mary | Satoshi Club: Yes, farming is risky, but who doesn’t risk never drinks champagne 😂

Tobias: we burned already around 2.5% so we have a total supply from around 975k JUL and the circulation supply is right now 94,741.1745 JUL
always when liquidity comes in the circulation supply increase and always when liquidity goes out the circualtion supply decrease.

D. | Satoshi Club: oh got it! Interesting…

Tobias: yes its like a liquidity backed token

Mary | Satoshi Club: And, actually, as i understand you can’t mint new tokens? So, supply will only go down, right?

Tobias: correct we have no minting function! the supply has just one direction! DECREASE 🙂

Q3 from Telegram user @KhaleesiTheCryptoLady

JustLiquidity provided 3 selections in farming, these includes 1)BNB (V2) Protocol; 2)BUSD (V2) Protocol; and 3)JULb (SWGb) Protocol. What do these Protocol offers to the Liquidity farmers? How much guaranteed APY in such certain period of time? Can you give us brief details about these farming protocols?

Tobias: The Protocol offers the opporunity to farm Tokens where you can generate an interest for your providede liquidity. The interest is not based on APY because APY is compound. We use APR which is the calculation without compound.
We reduce tomorrow the first time the interest from different protocol the rest keeps at 0.4% for now if we go up or down we will see 🙂 but the traffic has a good and positive direction
– $JULb / $SWGb: 0.4%
– $BNB Farming: 0.3 %
– $BUSD Farming: 0.2%
– $ETH Farming: 0.4%

Mary | Satoshi Club: You have single, not paired pools, right? Or both?

Tobias: Yes . Difference Uniswap and JustLiquidity:
On Uniswap you need to always provide the main currency which is ETH and the Project Token, but with the JustLiquidity Protocol you just need to provide the Liquidity ‘Only in BNB’ and not ‘BNB and the Token’. (available as well BUSD, ETH and JULb)
If we compare the Uniswap Liquidity Process with the JustLiquidity Farming Process, then we can say the following:
JustLiquidity:
100% more deposit because you deposit just one Currency and not two
You get an up to 0.4% daily interest ratio
Tokens are locked in the Protocol so no access by the Team until there is enough Liquidity
Uniswap Liquidity:
Lower Deposit because you deposit ETH and the Project Token
No fixed daily interest ratio
Impermanent Loss

its an single side liquidity protocol

D. | Satoshi Club: do you have plans to add more assets for farming? besides these three?

Tobias: In the future we will release the option for other projects as well to open liquidity pairs where our JULb farmers can place the liquidity!
So more protocols in progress!

Mary | Satoshi Club: Will you choose this protocols by yourself or based on community desicion?)

Tobias: Its all a community decision! We build it like uniswap all people can setup pools and the users can decide what they like!

Q4 from Telegram user @Cakelov

After checking your BUSD Farm which just opened, why is there any change for interest BUSD’s Farm? Its just opened but already cut interest by half, can you please give the reason?

Tobias: Our interest is based on the trading volume and the jul price increase.
as we opened bnb farming we growed from 25$ to around 40$ in the JUL price which keep it much more attractive
we opened BUSD later so the increase was not so big but i think the increasing times for BUSD will be there as well! Done

Mary | Satoshi Club: So, it can be changed any time?) And this decision you make yourself or with community?)

Tobias: 1-2 times a week we will update the stats.

Mary | Satoshi Club: Oh, so, it’s easy)

Tobias: We make this decision based on the numbers like price increase and the volume

Q5 from Telegram user @borysfireball

I saw your advice which isn’t new for me – never invest more than you can afford to lose and it makes me to think more about what i really can afford myself. So, the JustLiquidity wallet is a customized service, built originally using a forked version of the Nifty Extension. It is recommended by you for storing our JUL and/or JULb. Do you own its master key? Who is its provider, is it possible to have problems like we had with Infura lately? Is Man-in-the-middle attack possible? Or i can get up one morning and see my tokens disappear like Elon’s rocket in the sky.

Tobias: The JUL Addon is an fork of the nifty wallet which is an fork from meta mask! It is 100% decentralized and no one holds any master key! They wallets are generated from public nodes and just you own your private key!
We are working right now as well on an update from our JUL Extension where we add directly buttons for staking and farming or the trading.
Yes i recommend to use our extension because we integrated all Networks like Biannce Smart Chain and the ETH Network directly so no more need to install or change something.
It is like Meta Mask but easier to use and based on the same security!
Here download: https://chrome.google.com/webstore/detail/justliquidity-wallet/cmbagcoinhmacpcgmbiniijboejgiahi?hl=en

And yes the problem with infura can happens always because we use as well infura as provider like binance and other big companies.

Mary | Satoshi Club: Hope it won’t happen again)

Tobias: yes sure but its always possible! i think its one of the first of this issues but it was solved very fast so all ok 🙂 SAFU

D. | Satoshi Club: is it possible to swap tokens in wallet between BEP20 & ERC20?

Tobias: In the wallet direct not but you can connect the wallet to our bridge with just one click!

Mary | Satoshi Club: And my favourite question – where can we find your smartcontracts audit?)

Tobias: Audited from Hacken and audit available here https://github.com/JustLiquidity/liquidity-protocol

Mary | Satoshi Club: Thank you) i like this audit company)

Tobias: Thanks i am too. They work right now as well on the audit from our limit orders

Mary | Satoshi Club: Yes?) Great, so, everything is as safe as it can be possible, right? And we can sleep tight)?

Tobias: 100% safe is nothing but we did our best and i think hacken too! So i farm as well and can sleep tight 🙂

Q6 from Telegram user @apocan99

Token release voting will be enabled when only 4.5% of total supply left. So wouldn’t it take long to get that point, what is your estimation for the time period to release? How long will the voting process continue? How will the voting power be distributed? What will happen if the voting result says “no”?

Tobias: due to the increase from our protocols on the Binance Smart Chain will there be no voting in the future! all tokens are selected and deposited into the protocols.
We asked our community after the token sale and they decided to chose this option and i am lucky with it

D. | Satoshi Club: good, if community decided that means it for the best

Tobias: Yes i am 100% behind our community!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Pratze

If you want to earn trust from investor, they willing to know all detail about your project including how big are your team, Could you please introduce JustLiquidity team to us?

Tobias: Hi Demon,
we have now 20 People in our team and 16 Developers.
I personal work with the most people already around 3-4 years together!
Our CSO as example is an former NSA Developer and we have one Ph. Dr. of technology in our Team and as well the rest in our Team are high qualified developers and team members with a lot of experience!

Q2 from Telegram user @BERTA2020

Do you intend to increase the listing of your JUL token as time passes?

Tobias: Hi Berta, yes of course but we requested just listings on top exchanges to improve the token and the community!
You need to sign with all top Exchanges an NDA so you cant talk about it but we have a good progress 🙂

Q3 from Telegram user @Boylut

Last week you announced the distribution of $JULB to JUL/JULB holders, is this still ongoing? Can I still benefits in the weekly reward distribution If I hold either of the tokens now?

Tobias: Hi Boylut,
we have weekly distributions to our JUL / JULb token holders!
You are qualified if you hold minimum 6 JUL and or JULb!
If you hold more you get more!

Q4 from Telegram user @Jonahapagu

Can you explain how The JustLiquidity NFT Token Bridge from Ethereum to the Binance Smart Chain (and Vice Versa) will work.. this is the first of it’s kind I’ve heard of.. what is your target market for this Bridge and what will be the procedures to transfer and swap NFT’s using this Bridge.

Tobias: Hi Johan,
thats a very interesting development but easy to explain:
NFT’s are mostly ERC721 Tokens and you can send your token into our Bridge than this token will be locked and on the Binance Smart Chain the new ERC721 Token will be minted with the same Technical background!
Target = to increase our community and the usage from the Binance Smart Chain!

Q5 from Telegram user @brodzonl

How can token creators apply for Just Liquidity bridge and allow people to transfer token from Erc 20 to Bep 20 blockchain?
Also Just Liquidity has very unique staking and farming system, is there anyone token creators cann contact that will help them to build that good farming and staking systems?

Tobias: Hi Jake, if you know a project which is interested in our bridge from ERC20 to BEP20 and vice versa or in our Protocol, they can message me or write in our telegram community our admins so we can talk about the possibilities!

Q6 from Telegram user @Erol1763

Creating a token is easy, but it takes professional intelligence to keep it valuable in the long term. So what is your plan to make the $ JUL token valuable in the long run?

Tobias: Hi Buray, our completely ecosystem is build to increase the JUL Token Price. The interest increase when the JUL price increase and the volume increase! When all increase, than the liquidity increase as well.
Sure its as well possible it goes down like with all tokens or crypto but based on the liquidity increase and the past price actions we have the best possibility to increase!

Q7 from Telegram user @tolgaozek

Why have you decided same APR rates for JUBL, BNB and BUSD farming although you have 0.4 deposit fee on BUSD?

Tobias: Hi tolga, JULb has no deposit Fee because its our own Token and BNB has no deposit Fee because we support the binance ecosystem as good as possible!
If an ecosystem supports us we support it as well!
The 0.4% deposit fee is not much for one person but we use it to buyback tokens on the market and distribute this tokens to our Token Holders. Its a win win.

Q8 from Telegram user @Guandog

The Hacken logo rests on your website. Do you plan to carry out other audits with companies to increase the degree of trust?

Tobias: Hi Lun, we release all audits since the start!
You can find it on github: https://github.com/JustLiquidity/liquidity-protocol

Q9 from Telegram user @surendra040

Please explain me what is Jul and Julb ? what token is good to buy and why?

Tobias: JUL is our ERC20 Token and JULb is our BEP20 Token. You can trade the same token on two different blockchains! We increase our usage and community!

Q10 from Telegram user @amybrow

Why there is no “compound” on Justliquidity Protocol?

Tobias: Because an compound effecte would increase the interest which is not affordable without more interactions.
If you like to compound and you like to withdrawal your interest, than you can withdrawal your interest and deposit it again. In this process you generate a fee for us which we can use to pay the interest.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of JustLiquidity. 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:

JustLiquidity Community: https://t.me/justliquidity

We are pleased to announce our next AMA on November 28th 2020 at 02:00 PM UTC Time: Satoshi Club x stvke.app

⚠️Click to see the hour
⚠️Total Reward pool: $950

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join stvke.app Telegram group

We will have the following structure:

Part 1: 175$ /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: 175$/10 users – Open chat for 100 seconds. You can post Max 3 questions. stvke.app Team will select 10 questions and answer them.

Part 3: 600$ – A quiz about stvke.app

For more details:
stvke.app – @stvkeapp
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

On this occasion we are pleased to tell you about the AMA session with our friends from YearnClassic Finance. The AMA took place on November 10, our guests were @JohnYearnClassic @yficlassic and @cryptogurunainen.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello again, Satoshi Club! We are happy to announce our AMA session with YearnClassic Finance! welcome to Satoshi Club.

D. | Satoshi Club: @JohnYearnClassic @yficlassic hello guys! welcome!

Mary | Satoshi Club: Could you, guys, introduce yourself and tell us more about YearnClassic Finance?

John@YearnClassic: I am John from YearnClassic and here with me are two other members of the team. We have a reputable team of experts with wealth of experience in diverse fields. We are motivated by success, growth and global adoption of DeFi products, and we are committed to see these through.

About YEarnClassic. YearnClassic Finance is a blockchain agnostic decentralized finance (DeFi) aggregator platform that supports DeFi projects deployed on Ethereum blockchain, Tron chain, Binance smart chain etc., focusing on simplicity, user experience, privacy and global adoption.

So basically, YearnClassic Finance is bringing Blockchain Agnostic into the DeFi Ecosystem, and as an independent fork of yearn.finance with improvements, our primary focus is on security, simplicity, user experience, privacy and global adoption. We are providing a classical way to optimally earn yield on assets. Its governance underline token is called YearnClassic (YFIC) token.

Our core products and features are; Staking, Lending, Yield farming, Vault, Governance, Zap, and full suite of Mobile Application for effective management of assets that helps to bring the best Defi protocols such as Compound, Uniswap, Synthetix, Fulcrum, dYdX, Aave, Nuo, Balancer, Curve, and many others to the masses.

Q1 from Telegram user @balkanika2

At this stage, the pre-sale, if I buy now I can stake directly. What is the approximate return we can receive and what is the minimum amount to invest in pre-sale?

John@YearnClassic: WE HAVE THE BEST STAKING FEATURES:

• Yearly APR: 100%
• Per Month: 8.3%
• Per Day: 0.27%
• Staking fees: 1.0% fee for staking, 0.5% fee for unstaking, 0% fee for claim.
• The minimum amount to invest in Pre-sale is 0.1 ETH

Q2 from Telegram user @Rebel99

On the Yearnclassic staking portal, I also see options for Zap, Vaults and Insure with a description of “coming soon.” What are these products and how would they benefit YFIC holders?

John@YearnClassic: Alright, thanks for the question.

y c: These are general features of Yearnclassic, and to enable users obtain the highest interest rate at all time.

John@YearnClassic: i.e Best way to earn optimal interest rate on assets.

Q3 from Telegram user @PaoloMonte87

Your tokenomics information state that once presale will be over 60% of the raised funds will be locked in Uniswap liquidity. Similarly, 10% of the collected funds will be used to buy back and then burn YFIC tokens after presale has ended. This action is supposedly meant to prevent people from dumping. Aren’t you worried that this will deter people from investing due to opportunity costs? What kind of incentives are you providing to persuade investors that locking is not only necessary for price stability but will also profitable for them?

y c: Locked Liquidity is always a plus and it will surely give price stability, also attract other liquidity providers to join in the pool. Once more Liq providers join in, it can equally drive the price. The features mentioned earlier is an outstanding feature that gives more incentives for investors.https://yficlassic.finance/tokenomics.html

Mary | Satoshi Club: I think the best way to prevent dumping is to create awesome product and people will hold it, do you agree?

y c: 100%

John@YearnClassic: Definitely and that is why we are given the best product to our investors and community.

Q4 from Telegram user @AmirJosh

It’s interesting that you actually added the names of the potential exchanges namely Binance, Kucoin, Balancer, Uniswap, FTX. How can you be sure that you can list your YFIC token in those exchanges or this is just for marketing.

y c: We have established a contact with Binance chain team based on the agnostic protocol we are providing and they equally find it interesting, even though no partnership as been made yet, but we are anticipating this. Likewise other exchanges, they are potential places we are looking at listing.

Mary | Satoshi Club: Did you already contact Kucoin?

y c: We sent an email already.

We have agreed with HOTBIT AND P2PB2B Exchange and trading will be opened on the 30th of Nov. And YFIC traders can start trading by then.

https://hotbit.zendesk.com/hc/en-us/articles/360056982054-Hotbit-will-launch-YFIC-YearnClassic-Finance-on-November-30th

https://t.me/p2pb2b_io/276611 https://twitter.com/p2pb2b/status/1324729982053208064 https://www.facebook.com/p2pb2b.io/posts/983426475457360

Q5 from Telegram user @NataliyaKil

Now the topic of lending is very relevant. Have you already developed a loan program? What is the minimum amount of tokens that can be borrowed, for how long and at what%? Who will be able to use this service, how will it be necessary to pay the% under the agreement and is there a possibility of early repayment? And how will you be insured against unscrupulous borrowers?

y c: This is being discussed among our advisors and partners, it’s not been decided yet. It will be announced as soon as its decided.

Q6 from Telegram user @yzmoney

The yfi token has only 30,000 token, why does yearnclassic decide to go the opposite path and minted over 1 Million token? Is there any liqiudity pool lock being plan?

y c: Yes, because we agnostic and focused on global adoption, this is the more reason we have higher token minted. Similarly, we 15 will be locked on Uniswap permanently plus 60% ETH Raised.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @Jonahapagu

On your roadmap for the duration of Q4 2020 -Q1 2020 you planned for “Zap Product Launch” Can you explain what this Zap product is and How it works?

Crypto Guru: Zap is a tool that enables users to swap into and out of several liquidity pools available.

Q2 from Telegram User @Idee01

What can I do to qualify for the $10,000 YearnClassic Raffle Draw? How many winners will be expected from the draw?

John@YearnClassic: What you can do to qualify for the $10K Raffle is to buy at least $40 worth of YearnClassic (YFIC) tokens. To participate Click Bot Link: @Yfic_bot. There will be in total 20 winners.

Q3 from Telegram User @tuvalunia

Your Presale round 2 is closing soon. What are the options of purchasing YFIC tokens, where should I visit on the web and do what?

Crypto Guru: Yes, the round 2 presale is ending soon and round 3 will commence immediately which will end on the 28th. Here is the link to get all information regarding the presale: https://yficlassic.finance/presale.html

Q4 from Telegram User @borysfireball

You write on the site about potential exchanges and it scares me. I remember that all the previous projects that hinted at Binance listing didn’t get there. Do you understand that such hints are potentially frightening, not attractive to investors?

y c: We mentioned earlier that these are potential exchange we are looking at. We have established contact with binance chain team based on the agnostic protocol we are implementing.

Q5 from Telegram User @DiegoRME

What benefits will the users who buy in their presale obtain and immediately enter your staking system with the $YFIC tokens purchased?

John@YearnClassic: Immediate benefits users who buy in their presale will obtain are:

• Can start staking immediately:  https://yficlassic.finance/stake/
• Can get instant Airdrop (2 YFIC =$10)
• Can get instant Bonus structure
• Can be qualified for $10,000 Raffle Draw (check  @Yfic_bot)

BONUS STRUCTURE for (BUY AND HOLD)

We have bonus program for all our investors

 4-40   YFIC get 1% bonus,            41-80 YFIC get 2% bonus

81-160 YFIC get 3% bonus,          161-240 YFIC get 5% bonus

241-400 YFIC get 10% bonus,     401-640 YFIC get 15% bonus

641-800 YFIC get 20% bonus,     800 YFIC & Above get 40% bonus

Q6 from Telegram User @brodzonl

What happend to your website, I check it before AMA started to learn more about project and it is not working at all, did someone attack it?

John@YearnClassic: Please check back, we are working on it.

Q7 from Telegram User @Splendicity

Why are you guys anonymous? No profile picture in telegram and you disable calls in your privacy settings. How are we going to trust you guys or even reach you when we need assistance?

Crypto Guru: We are available and active 24/7 on all our social media platforms and you can as well reach on our pfficial email address: support@yficlassic.finance

Q8 from Telegram User @NataliyaKil

For quarters 3-4, you have scheduled token burning. What tokens will be burned and how much?

John@YearnClassic: 10% of the raised funds shall be used to buyback and burn YFIC tokens after presale. This action will prevent people from dumping.

Q9 from Telegram User @notulu

How is $YCFI unique from other YEARN projects?

Crypto Guru: We are unique based on our value proposition, most especially blockchain agnostic we are bringing to the ecosystem. And with blockchain agnostic, different protocols and chains can communicate together effectively which would ultimately lead to global adoption, and this has huge long term benefits.

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about YearnClassic. A link to a Quiz form were sent into the chat. Participants had 10 minutes to answer. 300$ 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:

YearnClassic Finance Community: https://t.me/yearnclassicfinanc

Sifchain is the brainchild of Sif, the Norse goddess of earth, agriculture, fertility, family, and marriage.Today we would like to tell you about the AMA session with our friends from Sifchain. The AMA took place on November 9, our guest was @Omni_Skyfather.

The total reward pool was 800$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

---

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

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

Odin Borson: Great, exciting to be here.

Mary | Satoshi Club: Please, introduce yourself and Sifchain project.

Odin Borson: I am a pseudonymous entity representing https://sifchain.finance/our-team/

We try to keep it focused on the team as opposed to individual members, but it’s no secret that a lot of our credibility lies with the fact that we have so many members from the Thorchain team, including its early architect.  This gives us a lot of credibility and experience with cross-chain software and AMM token design.

Jazear did not just early architecture on Thorchain but helped with development on Cosmos’s official Ethereum <> Cosmos bridge for the Interchain Foundation and the Polkadot <> Ethereum bridge for Web 3 so we really know cross-chain.

Beyond that, our team has a lot of experience with other crypto projects including a YC backed crypto startup and multiple crypto exchanges. Purely on the dev side, we have over a dozen engineers, most of whom have prior blockchain dev experience and strong business development or marketing experience from many major projects for our operations team.

D. | Satoshi Club: Thorchain is also your project?

Odin Borson: We have team overlap, there’s a horde of anonymous people on Thorchain.

Mary | Satoshi Club: Whos idea was to create Sifchain?

Odin Borson: A few of us came together, saw the need, and designed it together.

Q1 from Telegram user @wicksterr

You process a lot of more transactions than ETH DEXes, that’s true. Cosmos allow that. However, is this enough to be successful? There are many blockchains which try to compete with ETH for DEXes, like Tron for example, but with not so much success. What will you do differently?

Odin Borson: 1. There are a few cross-chain projects but no omni-chain projects.  We would be the only place to actually trade across all of the major cryptocurrency blockchains.

2. We actually let you trade with the liquidity from other tokens. It’s not just about letting people express a trade related to a cryptocurrency on another chain. You can just do that with a price oracle if you want.  We are focused on letting people actually take the tokens they earned from previous token sales and use those for cross chain liquidity. A lot of cross chain solutions are still nascent in this area. And we know most of them. None of them work for the 20 to 25 chains we want to support.

3. We offer so much more. There also aren’t any good platforms to do margin, limit orders, and swaps on the same self-sovereign chain.

4. We plan to offer other features besides the ones we have publicly listed. Actually, we are building Sifchain to be more of a framework upon which we can deploy arbitrary crypto economic models.  We just need to get the basic infrastructure down first.

Mary | Satoshi Club: You really offer a lot) Can you explain in details how i can use tokens earned from previous token sales for cross chain liquidity?

Odin Borson: Yeah sure. We are launching Sifchain with Ethereum support so it will work out of the box with any ERC-20 token you buy.  For each of our target blockchains (for example, Stellar, Cardano, and Litecoin), we will build a cross-chain bridge.  When we do, people will be able to use those on Sifchain as well.

The process is the same for them all, you can deposit a native token into a secure lockup group and mint a pegged token on the Cosmos Network, where Sifchain resides.  You can always go in the reverse direction to unlock any tokens or take away any gains you made from trading on Sifchain.

D. | Satoshi Club: Sounds fantastic! i like it. but you need somehow force most of people to use all of this. because they don’t want to use anything except btc and eth. 😁  

Odin Borson: Well every block chain has its own community. Remember that projects like Polkadot, Cosmos, and Tezos are where Ethereum and Bitcoin used to be.  I also think people underestimate the benefits of performance gains.

Mary | Satoshi Club: Yes, but it is hard for understanding from the beginning, this thing has to be user friendly, because most people will just ignore them.

Odin Borson: That’s true. We’ve got a lot of investment in UX that we are excited to share.

Here is one more

D. | Satoshi Club: What wallet we will able to use there?

Odin Borson: We’re targeting Metamask but you can use any Ethereum wallet for the Ethereum side.  On the Sifchain side, we’re targeting Cosmos solutions like Keplr for wallet.

Q2 from Telegram user @vinniepu

Sifchain will rethink the formulas used for liquidity pool algorithms from first principles of complexity theory to implement adaptive AMMs suitable to limit orders and token swaps alike. This sounds beautiful and complex, but what exactly is the complexity theory? Was it applied in practice by other projects or it is just a theory for now?

Odin Borson: Complexity theory is the literally the theory of complex systems.  It has been applied in many cases.  Here is one of the most famous institutes on it https://en.m.wikipedia.org/wiki/Santa_Fe_Institute

It has been pretty important for market design https://en.m.wikipedia.org/wiki/Market_design

Mary | Satoshi Club: It’s already being used. Check out www.block.science for more or https://tokenengineeringcommunity.github.io/website/

Q3 from Telegram Username @PaoloMonte87

In the litepaper you state that tne CLP is used for trades directly involving Rowan, two CLPs are used for all other trades. So for example, the USDC:BTC internal price is calculated using the USDC:ROWAN and ROWAN:BTC CLPs. Does that mean the price can be different from external sources (other CeXes/Dexes/LPs)? Doesn’t that open the window to potential arbitrage exploits?

Odin Borson: All exchanges have arbitrage potential, we expect people to run arbitrage bots to keep prices roughly even.  Actually, we encourage it! As for exploits, we are not as vulnerable as other exchanges.

Mary | Satoshi Club: So, how it will happen. Can you explain process? What i will need to do?

Odin Borson: Trades on Sifchain are priced using the CLP price, not an external exchange’s price.  No external oracle can be manipulated to set the price for tokens swapped on Sifchain, like they can be for other exchanges like BzX. If Sifchain’s CLP price is different from the market’s price, someone will step in to swap.  That’s natural arbitrage which we support.

Artificial arbitrage exploitation through a sandwich attack or a flash loan isn’t possible.  If the attacker manipulates the price, he will have to pay that same price on Sifchain, resulting in no incentive to try it.

Q4 from Telegram Username @Jonahapagu

Sifchain is implementing a Hybrid Orderbook and CLP can you explain what components makes up your hybrid orderbook and why this is important to Sifchain?

Odin Borson: Sifchain limit orders are executed against the CLP.  For example, if you set a limit order at 7950 and the price is 8k and then drops to 7900, your trade will be executed as a swap against the CLP with an average price of 7950 or less. This hybrid approach allows us to store liquidity in liquidity pools but still have limit orders at all.  Limit orders by themselves are still precarious on DeFi platforms.  You can get more liquidity for limit orders on a DEX by executing them against a liquidity pool than only against other limit orders or market orders. 

This is important as a feature because it lets traders who use limit orders, which is most of them, express trades on Sifchain and those drives dramatically more trade volume to the platform.

Mary | Satoshi Club: So, in simple words, i would be able to use this orders on Sifchain DEX like i am using on CEX exchanges? Just it will be possibility that i will buy even cheaper, then my order was? Or i misunderstand?

Odin Borson: Yeah you got it. 🙂

Q5 from Telegram Username @reinleoken

With Rowan token as the governance token for Sifchain, can users purchase the token or would it only be given to validators as block reward?

Odin Borson: Users will be able to purchase the token. We will announce token sale plans soon.

Mary | Satoshi Club: Do you have any details you can share with us now? Or everything later?

Odin Borson: Well we’re going to share the details a bit later this month, the token sale will happen in November. It’s probably best that we make an official announcement than drip anything here.

Q6 from Telegram Username @konditer_rolex

I saw your ad on Cryptocurrencyjobs. You are looking for a chief of staff. Did you recruit the entire team by ad? Is there some core of the project? How many people are at the origin of Sifchain? And how many people are involved in the development of the project?

Odin Borson: We have a few engineers from Thorchain, a few from previous projects we’ve worked on, and a few from external sources.  We have over a dozen engineers across blockchain, test, and front end, and devops (which we call chain ops).  Then we have people working on marketing, operations, business development, and other functions.

If you are worried about outsiders participating versus a core team, this project isn’t for you. We are going to heavily scale development by both bringing on additional engineers and tapping into the community for collaboration across Gitcoin, grants, dev shop partnerships, and other vectors. 

We expect this project to be a proper open source protocol where the entire community participates.  We are actively looking to build up SifDao to own the entire operations of Sifchain and will give it some token allocation right at the start of the sale to do this.

---

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 @Gutike95

The other DEX exchangers of multiple chains have been developed with the Polkadot technology, allowing you great ease to do so, how did Sifchain Finance achieve interconnect the chains without it (Polkadot)?

Odin Borson: We are built on the Cosmos SDK framework but we have built interoperability to other chains.  We are excited for Polkadot to be one we connect to eventually.

Q2 from Telegram User @Beterror203

Decentralized exchanges are in a better position to maintain sufficient liquidity in the market at all times, by working on Blockchains like Ethereum, decentralized exchanges face a challenge with transaction execution times as well as their commissions, which makes it trading these exchanges is expensive and complicated. For traders, as Sifchain as a decentralized exchange and under a Thorchain and Cosmos infrastructure, can it cover the solution for these problems in general and offer the trader a better experience?

Odin Borson: Well Sifchain has the advantage of being 100x faster than Ethereum.  That said, we need to build wallets, block explorers, and other tools to make it easy for people to use our platform.  I think we’ve done a good job here.

Q3 from Telegram User @brodzonl

Sifchain will support Cross-chain transactions for 20-25 of the top blockchains. Will there be developed wallet for Sifchain so we can have one wallet for all blockchains?

Odin Borson: Maybe.  We think the Asgardex wallet is best for this and may contribute to its development. https://github.com/thorchain/asgardex-electron

That said, Sifchain’s pegged tokens can all be traded in the same wallet, regardless of where the native token came from.

Q4 from Telegram User @adityaaryah

Sifchain reseted the testnet to implement cross-chain Ethereum transfers, I need help connecting to the Monkey Bars testnet, how do I go about it?

Odin Borson: This is definitely something you should ask on Discord https://discord.gg/wYeDHkYK

Q5 from Telegram User @araceley

Can you please share more details about the UI and architecture for cross-chain Ethereum transfers on the testnet?

Odin Borson: We shared a screenshot earlier. For the architecture, I recommend https://github.com/Sifchain/peggy/blob/develop/docs/sifchain-peggy-architecture-no-ibc.md

Q6 from Telegram User @leixagarcia

Reading the documentation of your project I came across two tokens inside Sifchain $Rowan and $SifDAO Can you explain us how each one will work? Which one will be the most important?

Odin Borson: Sifchain’s only token is Rowan, SifDAO is an organization, not a token.

Q7 from Telegram User @Boylut

When will your IBC protocol go live?

Odin Borson: We’ve been working on this for a while. Actually, IBC still has some room for development before it can be used in production by any chain, including the Cosmos Hub.  I expect we will be one of the first to launch with it after checking with other Cosmos developers.

Q8 from Telegram User @Mantapkansuasana

Now, the token launch process is easy, but to develop the ecosystem, stabilize prices, expand the market is a challenge in every project? So what are your team first steps towards solving this problem? what is your plan to maintain token price & supply in the market?

Odin Borson: I like this question. We need to be viral about growth. We’d like to do a bunch of business development deals with successful traders to drive liquidity to the platform which will in turn drive up token price.  Referral tools are sorely under used in the crypto space in our opinion.

Q9 from Telegram User @leixagarcia

The first time I came across the term omni-chain, I had Google it try to understand it, but it wasn’t totally clear. Can you explain it to us and mention its application within SifChain?

Odin Borson: Yeah sure. We are going to try to build bridges to 20 to 25 different blockchains. We think by the time we do that and open source the schematics, people will be able to easily add additional bridges on their road. If we can get all bridges to all other cryptocurrency’s, we will be omni chain.

Q10 from Telegram User @yzmoney

You have a lot of big backers and partners; how do you manage get them to invest in sifchain?

Odin Borson: They see what we see and what we hope you see as well, strong opportunity to advance the ecosystem.

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Sifchain A link to a Quiz form were sent into the chat. Participants had 10 minutes to answer. 500$ 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:

Sifchain Community: https://t.me/sifchain

We are pleased to announce our next AMA on November 15th 2020 at 04:00 PM UTC Time: Satoshi Club x Debaseonomics

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

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

Part 3: 700$ – A quiz about Debaseonomics

For more details:
Debaseonomics – @debaseonomics
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 02:00 PM UTC Time: Satoshi Club x VAIOT

⚠️Click to see the hour
⚠️Total Reward pool: $800

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

Part 3: 500$ – A quiz about VAIOT

For more details:
VAIOT – @VAIOT_Community
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 02:00 PM UTC Time: Satoshi Club x Allwin

⚠️Click to see the hour
⚠️Total Reward pool: $800

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

Part 3: 500$ – A quiz about Allwin

For more details:
Allwin – @ZelwinGames
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 16th 2020 at 02:00 PM UTC Time: Satoshi Club x Zelwin

⚠️Click to see the hour
⚠️Total Reward pool: $800

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

Part 3: 500$ – A quiz about Zelwin

For more details:
Zelwin – @ZELWINchat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers and guests of this site. Glade introduces to you the crypto project SpaceMine. This project created an opportunity to earn money through a fabulous journey around the planets. Explore space, the final frontier 😉 visit different planets, complete quests, and learn about DeFi. New to farming? No problem! Complete the quests to learn all about farming and earn rewards in the process. Enjoy your SpaceMine adventure, get yields, and utilize our suite of tools to navigate DeFi with ease.

The AMA session was divided into 3 parts with total crypto reward pool is 800$.

Leading the AMA our clever and fun admins:

Luis Merino 🇪🇸 | Satoshi Club @LuisMe7

Gold Rocket | Satoshi Club  @GoldRocket27 

The Representative of the project: @Jon0x Captain of the Starship Enterprise @spaceminedefi

PART 1. INTRODUCTION of Spacemine DeFi PROJECT AND COMMUNITY QUESTIONS.

Introduction of Spacmine DeFi:

Luis Merino 🇪🇸 | Satoshi Club:

Hello SatoshiClubbers! Welcome to another AMA session with Satoshi Club. Today we have SpaceMine DeFi with us.

@Jon0x , @defi_bane welcome 🙂

Gold Rocket | Satoshi Club:

So! We continue our amazing attraction! The AMA marathon continues!

Jon0x:

Answer for a question – SpaceMine weblink??? – from  @AmitGoyal1444 Unfortunately, we’re under DDOS attack at the moment, the website will be back up in a few hours

Luis Merino 🇪🇸 | Satoshi Club:

Second AMA today! 🙂

DeFi_Bane:

Answer for a question – SpaceMine weblink??? – from  @AmitGoyal1444

https://spaceminedefi.com/

Gold Rocket | Satoshi Club:

@Jon0x , @defi_bane welcome to Satoshi Club 🙂

Jon0x:

Hello! Great to be here

Gold Rocket | Satoshi Club:

Thanks again for joining. To begin with, please tell us a few words about yourselves and how did you get to be involved in SpaceMine DeFi @Jon0x , @defi_bane

Jon0x:

Thank you for having us!

Hi everyone. I’m Jon, the captain of the Starship Enterprise here at SpaceMine.

I don’t have a ton of blockchain development experience, worked on a few open-source libraries here and there. In my normie life, I’ve been working for a fintech startup, along with the other two SpaceMine devs, and we were acquired for almost half a billion within 5 years of operation. So we know a thing or two when it comes to fintech products and user experience, and we’re used to an agile development environment that executes and iterate fast

The idea of SpaceMine started when I saw how fast DeFi adoption grew over the summer this year. I firmly believe that DeFi will inevitably breach the broader market and start attracting norms. And we want to position our platform as the one-stop destination that will provide everything DeFi offers in terms of investment management and trading support, and build a gamified experience on top of all that utilizing our team of game designers, to help the normies navigate DeFi with ease.

Gold Rocket | Satoshi Club:

Thanks for the great intro! How big is your team?

Jon0x:

Our team currently consist of 3 developers, 2 designers and a community manager

Luis Merino 🇪🇸 | Satoshi Club:

Small one!

Jon0x:

Yeah this is our founding team, as the platform grows I expect we’ll be adding on to it

Luis Merino 🇪🇸 | Satoshi Club:

Sounds good!
Any plans to expand it? Or maybe launching an ambassador program to increase your adoption and community?

Gold Rocket | Satoshi Club:

Yes, Would you like to share more or move on to community questions?

Jon0x:

I’m fine with kicking off Q&A 😊

Selected questions for a Spacemine DeFi crypto project:

Gold Rocket | Satoshi Club:

Q1 from Telegram users @AmirJosh

SpaceMine’s ultimate vision is to build a gamified experience that simplifies DeFi for all users. So using your platform is like playing an online game?

Jon0x:

In our roadmap it points out that gamified user experience will not happen until phase 3, we are currently prioritizing rolling out features. So in the first 2 phases, our platform will be a typical DeFi platform, amid better design and graphics 😊 but small features that make the experience more game-like will be added along the way. Once phase 3 kicks in, our plan is to use a game-like experience to help educate users about DeFi, for example when you pick a character and start a brand new adventure as a complete beginner, the only Vault strategy available for you will be of beginner tier risk tolerance, and by completing the quest and answer a quiz about smart contract risk & impermanent loss, you’ll earn rewards and unlock higher risk tiers

Gold Rocket | Satoshi Club:

It sounds good

Luis Merino 🇪🇸 | Satoshi Club:

Love the idea about your roadmap!!

Jon0x:

Next question?

Gold Rocket | Satoshi Club:

Q2 from Telegram user @surdumiha

The total supply of $MINE is 96,000. 70% of all $MINE will be distributed via liquidity mining. That’s a lot and it’s good that it will be distributed only to people who are interested in your token. For how much time have you scheduled to distribute that 70%?

Jon0x:

The emission schedule is in our first medium article.

Gold Rocket | Satoshi Club:

Can you share a link to the article?

DeFi_Bane:

https://spaceminedefi.medium.com/spacemine-all-your-defi-needs-in-one-game-f6988034d03e

Gold Rocket | Satoshi Club:

Thanks, guys! You are lightning-fast!)))

Luis Merino 🇪🇸 | Satoshi Club:

Seems like they had the answers ready… 🤣

And what about the other 30% left?

Will it be for the team?

Jon0x:

10% is for the team, but vested linearly over 6 months 🙂

Gold Rocket | Satoshi Club:

It’s  improvisation 😂🚀

Luis Merino 🇪🇸 | Satoshi Club:

And the other 20%?

Jon0x:

10% minted for Treasury, this portion will stay locked until governance is enabled, and the community can decide what to do with it, let it be airdrop or burn or for gaming rewards

Jon0x:

then 8.33% is for our whitelisted presale, 1.67% for initial Uniswap liquidity

Luis Merino 🇪🇸 | Satoshi Club:

Got it! Thank you :)) Q3?

Gold Rocket | Satoshi Club:

Yes everything is clean

Q3 from Telegram user @johnnysencik?

You have distributed a portion of the tokens for the pre-sale. Please tell us what were the conditions for the presale participants and what price they had? Because if their price is low and if they don’t have vesting, they might dump the price.

Jon0x:

The presale hasn’t happened yet! More details about the presale will be posted in the coming days. We just started our invite contest and creativity contest and winners will get spots on the whitelist 😊 for anyone interested

Gold Rocket | Satoshi Club:

But do you already know the pre-sale date?

Jon0x:

Yes it will be on November 19th, right after the end of our contest

Luis Merino 🇪🇸 | Satoshi Club:

Quite soon… 😏

Gold Rocket | Satoshi Club:

Excellent! can you give a link to this contest for the Satoshi Club @Jon0x

Jon0x:

https://spaceminedefi.medium.com/contests-are-live-40aa765f3565

details about the contests are in this article 🙂

Luis Merino 🇪🇸 | Satoshi Club:

Will check it as soon as the AMA finishes. Seems to be a great contest

Thank you for your answer

Ready for Q4?

Jon0x:

Of course!

Luis Merino 🇪🇸 | Satoshi Club:

Q4 from Telegram user @PaoloMonte87

Planets and planet’s mining sounds like the birth of a whole new universe? Can you tell us more about the mechanics behind this “gamified experience2, as you call it? Will we be able to discover planets? Own them? Even wage war to other players planets? What can we expect?

Jon0x:

Each planet represents a DeFi feature, such as the Farm planet is for our initial liquidity mining, Swap is for DeFi aggregated swap that automatically routes your order to the decentralized exchanges and synthetic providers with the best price, Vault and Governance pretty self-explanatory. More planets will be added in the future for our space miners to discover! Make sure to check out our roadmap article for more details on what’s coming

https://spaceminedefi.medium.com/spacemine-roadmap-19979d24c39c

Luis Merino 🇪🇸 | Satoshi Club:

So fast Jon! You had all the links ready

Gold Rocket | Satoshi Club:

Great!

Luis Merino 🇪🇸 | Satoshi Club:

😀

Jon0x:

😄 thanks!

Luis Merino 🇪🇸 | Satoshi Club:

I have no questions at all for this one. @GoldRocket27 do you?

Gold Rocket | Satoshi Club:

@Jon0x: sir! it’s a pleasure to deal with you)))

Gold Rocket | Satoshi Club:

Everything is clean for me too!

Luis Merino 🇪🇸 | Satoshi Club:

Q5 then

Gold Rocket | Satoshi Club:

Q5 from Telegram user  @cengizhantekin

SpaceMine automatically routes the orders of users to the exchanges and synthetic asset providers. What technology are you using to achieve this functionality?

Jon0x:

We have a wonderful partner Totle that makes most of the logic happen, they’re also one of the main partners that powers MetaMask Swap. We differentiate ourselves from MetaMask Swap in the sense that we’ll be supporting multiple wallets, and MetaMask charges 0.875% per trade vs ours will be 0.475% (can be changed through community governance). The transaction fee collected will be used to market buy $MINE, our main platform token, and therefore support the ecosystem

Luis Merino 🇪🇸 | Satoshi Club:

Btw, when was SpaceMine DeFI launched?

Jon0x:

Just a few days ago 🙂

Luis Merino 🇪🇸 | Satoshi Club:

And you already have partnerships! Sounds good. That’s a great way to go

Gold Rocket | Satoshi Club:

I hope you share with us

Jon0x:

Our development has been going on for much longer

Luis Merino 🇪🇸 | Satoshi Club:

That’s what I thought 😊

How much have you been developing? When did you come up with the idea?

Jon0x:

We started discussing the idea somewhere around August, officially assembled the team and started development end of September.

Luis Merino 🇪🇸 | Satoshi Club:

Thank you for the info😀 Ready for the last question of part 1?

Jon0x:

Yes can’t wait!

Luis Merino 🇪🇸 | Satoshi Club:

Q6 from Telegram user @Jonahapagu

You said that once your platform has reached a sufficient size and the community stabilized, you will give the community full control over the governance of new strategies, as well as the deployment of treasury funds. How do you intend to fully give control to your community (is this really possible), and what is this “treasury funds” that will be deployed, what will it be used for

Jon0x:

We will have both on-chain and off chain governance, platform parameters voted by community governance will be applied via a smart contract with no manual steps, and yes it is possible. We can’t fully give control to the community though, the team will still be driving the design, development, and direction. The community can vote on platform parameters such as swap transaction fees, risk scores, etc. And off chain decisions such as which Vault strategies to deploy, and how to use the treasury fund. As I mentioned above, how treasury fund is deployed will be the community’s decision, we can airdrop, or burn, or use them for platform rewards

Gold Rocket | Satoshi Club:

@Jon0x: after you answer Q6 get ready for Niagara Falls from questions !!!😁

Jon0x:

Love it!

Gold Rocket | Satoshi Club:

😁 me too! Satoshi Club is the best community❤️

Luis Merino 🇪🇸 | Satoshi Club:

Any launching dates for this governance process? Maybe it is in your roadmap?

Jon0x:

Governance and Vault will launch roughly a month into our liquidity mining process when more than 50% of $MINE has been distributed. But before all the contracts are developed and well tested, and frontend integration wrapping up, we’re not going to give a definitive date. One should always under-promise and over-deliver, not the other way around. 😊

Luis Merino 🇪🇸 | Satoshi Club:

Got it! Looking forward to its launch 🙂

Anything else you want to add? 😉

Jon0x:

Not much, these questions were great! Very spot on

Luis Merino 🇪🇸 | Satoshi Club:

Yes! They were amazing 🙂

Luis Merino 🇪🇸 | Satoshi Club:

Ready for part 2 then?

Gold Rocket | Satoshi Club:

I really like your answers! thank you very much!

Luis Merino 🇪🇸 | Satoshi Club:

A huge bunch of questions arriving…

Jon0x:

Yes! 👍

Luis Merino 🇪🇸 | Satoshi Club:

Chat will be open in 20 seconds…

PART 2.QUESTIONS for a CyberFi DeFi PROJECT from TELEGRAM COMMUNITY LIVE

In this part, we open a chat for the crypto community for 80 seconds. Then the guests from the crypto project choose the top 10 questions. These 10 crypto enthusiasts have earned cryptocurrency.

Q – 1 from a telegram user @Jonahapagu

I read that your Vault strategy has Different risk Tolerance tiers from beginner to Expert.. can you explain these tiers and the risk tolerance for each level going up from a beginner to an Expert.

Jon0x:

Our beginner risk tolerance will be simple and secure protocols, such as lending platforms. Users are not going to be exposed to smart contract risk or impermanent loss. our current strategy in development is stable for stablecoins, and a lending strategy for ETH. The intermediate level would expose users to at least one risk —- smart contract risk (farming new protocols), or impermanent loss (farming with pairs) and our expert-level strategy needs its own article that we will release in the future It’s a foreign direct investment vault, where the fund will be used not in DeFi protocols 🙂

Q – 2 from a telegram user  @KeymerS

I understand that your team is working to develop the “technology, the necessary partnerships”, but really what technology do you need that you can’t get with an association? and what companies do you plan to establish? what is missing from Space Miner DeFi?

Jon0x:

All our codes are developed ground up, we don’t fork any existing protocols. We do utilize partnerships wherever we can, for example, Totle powering our swap functions, and Zerion doing most of the heavy lifting of portfolio tracking, and we’re in discussion with Blocknative to develop our trade support (limit order/stop-loss order functionalities) leveraging their mempool monitors.

Q – 3 from a telegram user @jobel4

LP Pool participants enjoy a 12x boost in reward distribution compare to other pools. Can you explain more about how to earn 12x inyo your pools? What are the mechanisms and algorithms being applied to this feature?

Jon0x:

$MINE/$ETH LP pool simply emits 12x faster than other single token pools. We want to give everyone in DeFi a chance to get $MINE for free, but at the same time, we want to reward those who believe in and support SpaceMine proportionally.

Q – 4 from a telegram user  @Beterror203

SpaceMine also plans to dive into the world of NFTs?

Jon0x:

We have amazing designers! And we have a secret project to be announced once Vault launches, 🤔

Q – 5 from a telegram user @KhaleesiTheCryptoLady

As I observe mostly DeFi projects have similar aims and this is to be the one-stop destination for all DeFi needs, what makes you different among these other DEFIs which could turn investors investing in your project?

Jon0x:

Our dev team has been in fintech for a very long time, there is a vast amount of knowledge accumulated from actually developing client-facing fintech services and optimize the user experience. Combine that and our outstanding design and gamification aspect, I believe is what will make us stand.

Q – 6 from a telegram user  @Damiya1

What are the ways that #spacemine Defi generates profits/revenue to maintain your project and what is its revenue model? How can it make benefit win-win to both investors and your project?

Jon0x:

All of the fees generated from the platform will feedback to the ecosystem, Swap transaction fees which kicks in as soon as liquidity mining starts, advance trade support and portfolio management will have a similar structure, and so on.

Q – 7 from a telegram user  @Jonahapagu

You currently have 9 liquidity pools out of which 8 are single token pools why did you create single token pools instead of the Dual token pools we are well familiar with, what difference and importance does this bring, and for the 8 single tokens how were they selected and do you have plans of increasing the number of pools in the future.

Jon0x:

We want to give everyone in DeFi a chance to get $MINE for free and risk-free. I mean if you’ve been using DeFi protocols, most likely you own some of these tokens. They are selected randomly, since there are too many good DeFi protocols we can’t include every single one. There will be no future pools.

Q – 8 from a telegram user  @AmirJosh

Your published SpaceMine roadmap on medium indicates just the Phase of the project and not the actual calendar dates. Where can I find the information about the SpaceMine platform’s timetable?

Jon0x:

I understand a lot of projects put up a detailed quarterly/monthly roadmap, but in the end, those end up being just targets, and more often than not those targets are missed. From my own development experience, it’s difficult to even estimate the effort for a single user story accurately. Therefore we can only provide a rough guideline in terms of when the NEXT stage will happen, for example, Vault and Governance will kick in roughly a month after liquidity mining starts. And we will announce set dates when all the development work is wrapping up.
Q – 9 from a telegram user @KeymerS

Will they have any limitations, restrictions, or penalties in the event that a user does not fulfill the missions in a set time or cheats another user? or will it be totally free of punishments and penalties?

Jon0x:

There will not be penalties in SpaceMine, the penalty for not being informed when playing DeFi is that you get burnt 🙂
Our secret project though contains the idea of competition, so if you lose the game you will incur some losses
Q – 10 from a telegram user @Gutike95

Really this initiative of “invitation contest and creativity contest” are great, do you plan after they finish creating other contests? You could create a “Meme Creation Contest” referring to DeFi or DeFi games, sure that will attract more users.

Jon0x:

The meme is included in the creativity contest! We love memes the more the merrier! There will not be other contests for the whitelist, but an open registration for all near the end of the current contest, where all you need to do is be on time and answer some questions about SpaceMine to secure yourself a spot on the whitelist!

Part 3 – Quiz about project Spacemine DeFi.

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. 500$ 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: Spacemine DeFi

Telegram  |  Tweeter  |  Website  |  Medium

We are pleased to announce our next AMA on November 14th 2020 at 06:00 PM UTC Time: Satoshi Club x JustLiquidity

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

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

Part 3: 300$ – A quiz about JustLiquidity

For more details:
JustLiquidity – @justliquidity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish