Month: November 2020

Meme projects gain a lot of popularity lately. And today we would like to tell you about the AMA session with our friends from SERGS. The AMA took place on November 04 and our guests were Crazyfrog and Varun Ravi.

The total reward pool was 1500 SERGS 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 again, Satoshi Club! We are happy to announce our AMA session with SERGS! @VarunRavi23 welcome to Satoshi Club:grinning:

D. | Satoshi Club: hello Satoshi club! 👋 @VarunRavi23 how’s it going?

Varun Ravi: We are happy to be here too.

Mary | Satoshi Club: We were waiting for this AMA for a long time:joy: Guys, please, introduce yourself and of course your SERGS project :grinning:

Crazyfrog: Hello SC community! This is crazyfrog, the guy who found this meme project called SSL.
To introduce about myself, nothing much. Just a common man like u all. I’m from singapore and 27yo. So my years of experience in cybersec field is only 3 years.This is my first defi project.
Wasn’t comfy doing all one man as I’m dealing with finance. So another dev who’s assisting me is from Zilliqa team. He’s ex dev of zilliqa. So I’m working along with him to deliver the dApps.
To tell about SSL, it started as a meme project. Had zero utility,no dApp, no website on early days. SSL token was airdropped for the memes and what happened next was just reverse engineering. It got the demand, I dunno for what reason. So we chose to build an ecosystem around it and have a meaning for ppl to own that token.
So we came up with the 2-token model system. Couple of days back our LP staking pools went live. Following next will be NFT farming.
And I know many ppl are concern about anonymous devs behind a project.
I have addressed that in below thread. Feel free to read it up
https://twitter.com/SergeySaveLink/status/1323367091102081024?s=20
My personal thread addressing anonymity concern, to each and every investors!
Peace. -CF

Mary | Satoshi Club: Congratulations with the start:+1: i see, that you never know where the way should lead you:joy: As you didn’t know with SSL) Why SergeySave, do you think you need to save him?:+1:

Crazyfrog: Yup! I had 0 plans, that’s why u are seeing a ridiculous supply for SSL. As this project dint started with a plan.

Which was the main reason for us to come up with 2-token model and introduced SERGS with proper tokenomics and functions.
So SSL will be the governance token, which will also act as multiplier for NFT farming.
SERGS will be the gateway token to farm and mint NFTs. Sergs token contract have 2.5% tx fee for every trade. This will be the protocol fees for both SERGS and SSL holders, and also for liquidity providers.
Okay… I’m huge fanboy of LINK. Been into for almost an year.
the reason I came up with this name is bcoz a month back.. LINK was drowning. It had the momentum and got back.
So this meme token was airdropped to convey the message… Sergey saved link by buying all the weak hand bags. That’s about it. Just for the memes

Mary | Satoshi Club: I like the structure, do your members enjoy it?)

Crazyfrog: So far so good. Ppl find it interesting. And SERGS is a deflationary token as well. We will burn it everytime the fee treasury exceeds 50K sergs. We burnt 61K SERGS couple of days back.
So the supply of SERGS will be reduced and burnt until it hits a cap of 110K

Varun Ravi: Basically the ssl and sergs ecosystem will have

1. Staking
2. Liquidity farming
3. Protocol fees
4. Nft
5. Governance
6. Deflationary asset

Crazyfrog: 1,2,3,6 is completed and live. Following will be 4,5

Mary | Satoshi Club: A lot of my favourite things in one project:+1:

Varun Ravi: Most of it is community driven that’s what we like about the project. For example the burn was something we were thinking about but when we realised the community felt one was ideal for the ecosystem we decided to go with it. We are very proud to be a community project. Always open to ideas and inputs.

Mary | Satoshi Club: I see, thanks:+1: community is really important, with it you can make a lot)

D. | Satoshi Club: @cra2yfrog thank you! great intro! can you tell about origins of the name SERGS?:blush:

Crazyfrog: Started with SSL… and so our 2nd token, we named it as SERGS… just to follow the trend on how it started first.
Liquidity providers farming is live at https://app.sergs.link
2.5% Protocol fees will be flowing to fee treasury everytime there is a trade for SERGS.
Burning will be done via the contract. And we already completed our first burn of 60K SERGS, approx 30K USD.
Regarding fee structure and the treasury info, u guys can have a read in the below article
https://sslcomms.medium.com/sergs-ssl-ecosystem-fee-structure-97dd8a4dffb7

Q1 from Telegram Username @JoanaZ

The Official website shows details about SERGS token, but nothing about the SSL Tokenomics. So can you share and explain It to us please?

Crazyfrog: Actually the website have ssl tokenomics, guess they overlooked.
Anyways let me write it up here too.. SSL’s total supply is 1100. I know this number is funny and ridiculous. Bcoz that’s how this project started, I had only plan to airdrop it and that’s about it. But demand for it pushed us forward to build an ecosystem around it.
90% of the supply(1000) was airdropped a month back to 500 members from TG, 2 each.
The value of SSL started with $3 and remaining 100SSL was added for liquidity.
I feel it was just a psychological factor that made ppl buy this. All ended up loving Low supply and they want instant Xs. But that was never my intention. Whole point was to get it airdropped and enjoy my link ride.
So due to lack of liquidity, it suffered alot growing. Bot kept nuking. Few of the community members added liquidity and made it grow.
SERGS is totally opposite. It was planned with proper tokenomics.

Mary | Satoshi Club: Low supply always attractive 🙂

D. | Satoshi Club: ok, now 1 ssl coasts more that 200 bucks, not bad for meme token:grin:

Crazyfrog: Yup, usually low supply avoids all this inflation. It was Andre who started that logic and almost most of the DeFi projects adopted to low supply tokenomics

Mary | Satoshi Club: It was a good airdrop for those who hodl:joy: Yes, last years we saw projects with billions. Now – thousands and hundreds)

Varun Ravi: Ssl hit an ath of 1.5k usd for a meme token but what we have planned for sergs is something huge even within the nft space. It’s all about things falling into place now.

Crazyfrog: We have progressed well so far guys. For last 1 month.
It went upto 1.5K, that time it had no website too. Until now I have no idea why ppl bought it. It might be due to DeFi hype those days
It was basically a zero utility token back then

Mary | Satoshi Club: Let’s see what will happen next, after it has) And when NFTs?)

Crazyfrog: Aiming it by Nov20 … so approx 10 days time

Mary | Satoshi Club: Near:grinning: almost here:+1:Who will be able to get them?

Crazyfrog: That’s where SERGS utility come into place. For NFT farming we will have 3 pools called YOU, JUST and WIN with different farming rate.
So the users can stake their SERGS to farm those. Once farmed, they gotta burn YOU, JUST and WIN in different combos to farm different type of NFTs. So basically,
Burn 1 YOU + 1 JUST = mints normal NFT
Burn 1 JUST + 1 WIN = mints rare NFT
Burnt 1 YOU + 1 JUST + 1 WIN = mints limited edition NFT.
This you, just and win tokens are non tradeable. It’s meant to be burnt in order to mint NFTs.
Users can then become the owner of those minted NFT and can choose to sell in NFT marketplace like rarible or opensea. Make sure they set a reasonable price to get it sold

Q2 from Telegram user @Thienzoro

SERGS generates 2 $ SSL and $ SERGS tokens but does $ SSL play a major role in transactions and fees? And $ SERGS just extra token on the out of the gate? So will investors mainly buy $ SSL or $ SERGS? Each has its own use. Can you tell more about the differences and benefits of each penny?

Crazyfrog: Okay, ppl have to understand the utility of both SSL and SERGS.
SSL is a governance token with multiplier utility for NFT farming.
SERGS will be the token used to stake and mint NFTs.
The fee distribution is equal to both holders and liquidity providers. Just the utility of the token is different.

You can refer to this diagram, more easy to understand the fee structure

In short, SERGS generate the protocol fees based on each trade. This fees will flow to fee treasury. And fee treasury will be used to distribute to both holders and liquidity providers

So if u own SSL, u can do voting or use it as a multiplier to boost the farming rate.
If u own SERGS, u can stake and mint NFTs. Then sell it in NFT marketplace.
End of the day, both holders and liquidity providers will have equal fee distribution. Just the utilisation of each token varies

Mary | Satoshi Club: So, they are both profitable 😀

Crazyfrog: Yes they revolve around the same ecosystem.
SERGS have to be successful for the entire ecosystem to be successful. Since they play the key role of generating protocol fees

Mary | Satoshi Club: Do we have any cryptoprojects with approximately same model?

Crazyfrog: Yes $MEME is one of them. But they are not 2-token model.
Usually ppl stake meme to get pineapple. Use that pineapple to mint NFTs. I’m not sure if they have protocol fees for holders and liquidity providers

But the NFT farming concept is pretty much the same

Mary | Satoshi Club: So, you are first) With this model)

Varun Ravi: There are plenty nft projects in space which are doing cool and innovative things.
However a lot of them are very generic and don’t really have much of a usecase or value. Our basic nfts will be similar to whatever is in the space however the rare and super rare ones will be insane.
What we are trying to achieve in the nft space will send shockwaves across the entire cryptoverse.
Especially the super rare nfts will be nothing like the nfts that are already available. At this point in time unless we close those deals it’s not wise to speak a lot about it and speculate.

Q3 from Telegram user @bitalik_vuterin

2.5% transaction fee is applied for every trade and it will go to the fee Treasury. The idea is great. May I know how much have you gathered in the treasury until now and how much are you gathering approximately every day?

Crazyfrog: The calculation can be done pretty easily. Just 2.5% times the daily trading volume.
In the first 4 days, it accumulated a total of 110K SERGS. We burnt 60K to maintain the 50k threshold in fee treasury.

So everytime it exceeds 50K in the fee treasury, it will be burnt

Varun Ravi: The remaining 50k is given out to as
30 % ssl liquidity providers
30 % sergs liquidity providers
20 % ssl holders
20%! Sergs holders.
The fees are rewarded in cycles

Mary | Satoshi Club: The numbers are tied to the number of SERGS, not their value, right?

Crazyfrog: Yes correct

Q4 from Telegram user @Splendicity

Your threshold for the FEE TREASURY is 50k usd. What happens when these conditions are met,do you plan reducing the 2.5 fee?

Crazyfrog: 50K SERGS. Not 50K USD.
When the total supply of sergs keep reducing, sooner or later, meeting 50K sergs in fee treasury with 2.5% tx fee will become harder.
In fact to speed up the burn process, active trades is important and fee treasury will accumulate it.

Since our cap is to meet 110K total supply, meeting 50K sergs in fee treasury will become harder. Value of sergs should go up if there are holders and active traders

Mary | Satoshi Club: Ok, where SSL and SERGS are listed now?

Crazyfrog: As of now, only uniswap

Mary | Satoshi Club: Do you plan more listings?

Crazyfrog: Let me be very honest guys. How many of the ppl are actually using different CEX other than binance,cb, huobi or kucoin.
If we have to go ahead with further listing, only this 4 CEX have to be targeted. If we can close a deal with them, ofc will be happy to list it there. 50K sergs is reserved for that and it’s currently locked in trustswap.
Other exchange listing are just 1 day news. Reality is, nobody trades there.

Mary | Satoshi Club: MXC also popular, to be honest) but i understand what you are talking about) And 99% agree with you) Uniswap became everything in one thing)))

Crazyfrog: Our upcoming listing will be LINKSWAP. 25% liquidity will be added there with SERGS/LINK pair.

Mary | Satoshi Club: Do you have dates?

Crazyfrog: Linkswap should gain traction with their rug lock mechanism. Uniswap have became a mess after all the back to back scams. As soon as their DEX goes live

Mary | Satoshi Club: Oh yes, it’s back or black side of decentralisation) I mean scams

Crazyfrog: Yup! But still, uniswap is the leader of DEX and many ppl ald got used to it with instant swaps. With a massive volume

Mary | Satoshi Club: Yes, but everything can change in the future 😀

Q5 from Telegram user @NataliyaKil

What is the minimum amount of SSL and SERGS I have to keep in my wallet in order to receive a 20% reward? And why should the number of SSL and SERGS be the same, what is the reason?

Crazyfrog: It doesn’t matter how much u hold. U will get the fee based on ur holding percentage.
Example if u r a holder of sergs and u own 2% of the total supply, u will get 2% of the protocol fees. That’s how it’s calculated.
The number of ssl is 1100, as it was a popular meme of link. $1K link eoy. That’s why on early days it was kept such way.
So for sergs, we just followed the same trend with 1,100,000 total supply. But now 61K sergs have already been burnt and this will keep getting reduced till we hit 110K total supply.

I’m also quite superstitious. So I usually prefer announcing news at 11.00pm sgt too xD

Mary | Satoshi Club: For me it is quite simple and clear:grinning: This numbers are forever? Or you can change them one day?

D. | Satoshi Club: haha what a magic number 🙂

Mary | Satoshi Club: Ahaha:joy: so, now we know when we need to check announcements)

Crazyfrog: Yess ppl should be able to guess now when we give the date lol

Varun Ravi: And since sergs is deflationary for holding the same amount of sergs your percentage can only grow

Crazyfrog: Nope, there is no way we can increase the supply. There is no mint function. It can only be burnt and reduced. But never increased

Mary | Satoshi Club: And the most annoying question – what about audit?)))

D. | Satoshi Club: this is your favourite question 🙂

Mary | Satoshi Club: We need to find new words for term ‘audit’:joy:

Crazyfrog: This is a very important question indeed. Every investors need to care about audits since they are literally putting their money into a contract.
A small bug or exploit can wipe off millions of dollars.
Regarding audit, we are using synthetix staking contracts.
Our LP farming pools are synthetix contracts too. Which has already been audited.
We will also publish our codebase into GitHub and any devs interested can review it too.

D. | Satoshi Club: can you share a link on your github?

Crazyfrog: We have not yet shared the code into github. Ppl can still view it via etherscan.
Once our NFT farming pool contracts are done, I will publish the dApp codebase and also the contracts too

Sergs LP staking contract – https://etherscan.io/address/0x62f4976d0d90b42a40cc0150f26876dc6495b468
SSL LP staking contract – https://etherscan.io/address/0x16187419a4385ac77f1377246b970230d9336d96

U can click on contract tab and view the contract source code

Varun Ravi: Even in our last ama there were people from the community who volunteered to find bugs or exploits. @cra2yfrog has always been open to approaches from devs within the community too

Crazyfrog: We also did a SERGS contract breakdown explanation, so any layman can understand too.
https://sslcomms.medium.com/sergs-contract-breakdown-5ded56e8f2c3

Q6 from Telegram user @Brainchest

Help me understand. Getting YOU, JUST & WIN tokens depending on my stake. No\I can’t find information about the size of the stack, so I’ll ask for an example. I have enough in the stack to get a WIN token, but I want a YOU token or JUST token in order to create a Limited edition. Will I need to withdraw some of the coins from the stack so that there are fewer of them?

Crazyfrog: Ur farming rate depends on the number of ppl in the pool.
Example, let’s say a total of 10 poolers and a total of 1000 sergs been staked in YOU pool.
So if you have staked 100 sergs, ur pool share is actually 10% and u will be farming at that rate.
You can split ur sergs across all the 3 pools if you want to own all the 3 tokens. Depends what type of NFT u want to mint.
Usually the WIN pool will have a longer farming rate, with a minimum number of sergs need to be staked. We will soon release a medium article regarding this, so everyone get the info they need

Withdrawal of ur SERGS is flexible, u can withdraw anytime u want.

Mary | Satoshi Club: It’s so simple) i like this) Did you ever think to add pools with locks?

Crazyfrog: Yes we can consider that. I feel 2 days will be decent.

Mary | Satoshi Club: Btw, did you already used governance functions? I mean your community?

Crazyfrog: Not yet, governance portal is in the roadmap. For now only thing that is live is LP stake pools. Followed by NFT farming and then governance portal. There is a discouse forum too. Ppl can always post their suggestions out there and have discussion in that portal

Mary | Satoshi Club: In 10 days, right?

Crazyfrog: NFT farming, yes 10 days

Mary | Satoshi Club: Great! We will wait for the announcements!)

Part 2 — live questions from the Telegram community

Q1 from Telegram user @KevSalom

– Since your project started as a simple hobby or pastime I guess at first you didn’t take much into account the issue of security or anything like that right? Later when it started to be a serious project did you have to make many adjustments or was it enough with an authorship to see if everything was in order?

Crazyfrog: Yes, at first it was just a token.
security have to be focused on dApp contracts where ppl pool their money in. Which is why we chose to use synthetix staking contract. Until 2 days back it was just a website.
Synthetix staking contracts are already audited and we have done necessary testing on testnet before we rolled out.
We are also planning to allocate some sergs for bounty program so that any devs can review it too, via our github.

Q2 from Telegram user @DiegoRME

Lately the ETHEREUM network, the famous erc20, is having many problems with gas congestion, causing users to decide to choose the networks with less gas congestion such as BEP-20, TRC-20, BEP2 etc … Which led them to choose the one ETHEREUM ERC-20 network? What benefits can the ETHEREUM ERC-20 network offer you? Is the cell having congested gas that other of these previously mentioned networks cannot offer?

Varun Ravi: Sergs was initially launched on zilliqa. We are actively waiting for the zil eth bridge which would allow us to be parts of both the ecosystem.
Scalability is definitely an issue in eth so there is always the option of using layer 2 solutions such as matic.
The priority right now is to get the nfts going.

Q3 from Telegram user @jpsarmah

SSL launch had stopped the downtrend for LINK and it started the recovery path. Will SERGS do something like that and why is SERGS necessary and in most dual token structure, one token suffers a lot in price while other booms, what will the fate of SSL and SERGS?

Crazyfrog: Tbh, I wouldn’t even have gone for 2-token model. SSL was airdropped, there was no presale. Liquidity was bad due to that and the supply is too less to carry on with NFT staking.
Which is why we had to come up with 2-token model ecosystem. Sergs had presale, sufficient liquidity was added and tokenomcis of sergs was well planned.
We can’t carry on with ssl as it do not have any transaction fee function. That’s why ssl will act as governance token + multiplier for farming.

Q4 from Telegram user @btcltcrich

I still don’t understand you are following the community’s request to move the blockchain, from ZRC to ERC. What is the reason for this transfer? whether the ZRC blockchain is not good enough, so decided to move to ERC.

Crazyfrog: I’m a huge fan of Zilliqa. Reason why I first deployed SERGS on zil chain is because the gas cost is way too cheap. You can make 10 swaps with a dollar spent.
We also conducted socialpay to bring in user adoption. Where ppl can tweet about sergs, and claim their rewards via the dApp. We had 5000 wallets over 24hrs. But I was disappointed with the result. Bcoz those who participated took all the effort to create zilpay wallet, explore zilswap, transfer zil for gas… but none of them spent 2 mins to understand the utility. All sold the 10 sergs for a penny and left.
It was a struggle for us bring in user adoption. I explained this concern to Zilliqa team and they understood too. They were supportive to me regarding the migration and that’s why we moved back to eth chain.
Until zil-eth bridge is live, everyone will be on eth chain. Once interoperability bridge is live, users can always move between both chain to do the swaps. If they prefer to.

Q5 from Telegram user Ross

Whenever an individual makes a trade, 2.5% of the fee will be flowing into the fee treasury address. Why exactly 2.5? Is thst the total fee or is it more for network maintenance?

Crazyfrog: Let’s say an individual makes a trade worth of $100 to buy/sell sergs… 2.5% of it will be flowing to fee treasury. This will be the protocol fees for both holders and liquidity providers.

Q6 from Telegram user @konditer_rolex

It seems to me that you are too modest. Your website on the betting page lacks the most important button – BUY. Of course, I assumed that you can buy on Uniswap, I looked on the site for the address of the contract. But to my deep disappointment, I did not find you on Uniswap. a logical question where can I buy your tokens? Can I get your tokens for free to try how the pool works?

Varun Ravi: We are already on this and the website should have links to uniswap for both ssl and sergs.
You can find them here
Ssl
https://app.uniswap.org/#/swap?inputCurrency=0x0d9227f9c4ab3972f994fccc6eeba3213c0305c4&outputCurrency=ETH
Sergs
https://app.uniswap.org/#/swap?inputCurrency=0x79ba92dda26fce15e1e9af47d5cfdfd2a093e000&outputCurrency=ETH

Q7 from Telegram user @NataliyaKil

Many projects have their own NFT cards. What do you have? Can I see it somewhere? And do you conduct promotions and drops with NFT for your users?

Crazyfrog: Our artworks are going on and it will be crypto all stars. like vitalik, Andre, sergey,cz, etc.
Users can stake their sergs to mint those NFTs and claim their ownership for it. So they could sell those in NFT marketplace like opensea or rarible

Varun Ravi: But this would just be our basic nfts. We have super cool things planned for the rare and super rare ones

Q8 from Telegram user @Medtechh

Trust and Security are vital fundamental in crypto space today, so how Secure are you to avoid hacking and ddos attacks? And also Adoption is one of the important factor that all sustainable blockchain projects should focus to be more attractive in the investors’ eyes. Can you tell me what you have done and plan to do to achieve Adoption in the reality, real use cases, our real society.?

Crazyfrog: Many assumes NFT is just digital collectibles and artworks. That is just one example of NFT. Potential of NFT is huge, literally any real world assets can be NFTed into blockchain.
Example, if there is a shop owner issuing discounts for his merchants… he can NFT that, ppl can farm those and claim those items with token of discount. It will be a one to one trade.
If I want to sell my car, I can NFT that into a contract and the buyer will be transferred with the ownership. There will be no middlemen, and everything done via chain.
Regarding security, earlier one folk DDOS’ed our website and he was demanding for 1 ETH. We mitigated within 15 mins. It’s all about using reverse proxy and DNS that can protect ur frontend form ddos attacks.

And also for Super rare ones, we are looking forward to bring that to NFT space. If we can close the deal successfully, we will be the first one to come up with that. Hope that falls in place

Q9 from Telegram user @Boylut

I saw it somewhere that even without staking, holders will still earn rewards for holding, how true is this?

Crazyfrog: Yes, but they will be rewarded once in 4 weeks. Weekly snapshots will be taken to Ensure the actual holders benefit. Their reward percent will be lesser compared to liquidity providers.
So holders can strategise themself. They can choose to half, use remaining half to farm and mint NFTs. Their sergs are always reusable to farm and mint NFTs.

Q10 from Telegram user @Arisabela

SERGS offers 3 combos of pools to mint each. Can you explain the differences between a Normal, Rare and Limited edition of NFTs? What can users do with a limited edition and not with a normal one?

Crazyfrog: Normal NFTs usually have huge number of supply. Rare is comparatively lesser and limited edition will be few handful of numbers.
So the artwork will be categorised based on the demand for it. If you own the limited edition, u are one of the few having ownership to it and if anybody interested to buy those, the fee will be going to u.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of SERGS. They’ve prepared 4 questions for this part. The total reward pool for quiz was 1000 SERGS.

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

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SERGS Community: https://t.me/sergssale

Hello, Satoshi clubbers and guests of this site. Glade introduces to you CyberFi crypto DeFi project. CyberFi mission is to create a user-friendly DeFi experience and add a new layer of features available. Users of our platform will experience zero-stress, automated DeFi trading, and farming, smaller fees, and tools for Impermanent Loss mitigation.

 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: @cyberfitech Geralt – CyberFi CEO

PART 1. INTRODUCTION of CyberFi PROJECT AND COMMUNITY QUESTIONS.

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with CyberFi! Welcome to Satoshi Club😀

D| Satoshi Club: Hello Satoshi club!

Geralt – CyberFi CEO: Hi!

Mary | Satoshi Club: Hello, welcome to Satoshi Club 😀

How are you today?)

D| Satoshi Club: @cyberfitech hello!

Geralt – CyberFi CEO: Great, how are you guys doing?

D| Satoshi Club: Wonderful!

Mary | Satoshi Club: We are as well, I think😀

Please, tell us about yourself and give us an intro about CyberFi 😀

Geralt – CyberFi CEO: Sure

Hi everyone, I’ve been in crypto for over 4 years now. Before that have been developing my own projects and startups.

I have been a builder of DeFi since 2018, I and my team have had experience with developing oracles, cross-chain applications, exchanges and many POCs. we’ve come to CyberFi with lots of experience in developing blockchain applications and a great understanding of the problem we are trying to solve and the solution.

We have created a team that is more than capable of creating Great Tech. And we have shown that by finishing our Alpha version of the product before going public with the project.

A short intro of CyberFi

With CyberFi, you don’t need to watch Uniswap 24/7 anymore, automate your actions in DeFi with CyberFi, the first-ever product to automate Yield Farming exit based on price changes.

Mary | Satoshi Club: Great intro, btw, can you tell us at least one name of the projects you were developing?

Geralt – CyberFi CEO: Good question, we’ll keep that anonymous for now, as I have corporate obligations, but you can check out our website and see the experience of our public CMO.

Mary | Satoshi Club: Yes, I saw his Linkedin.

D| Satoshi Club: Sadly, LinkedIn doesn’t work for me 😁I tried many times

Mary | Satoshi Club: So, you want to tell us with CyberFi we won’t need Uniswap any more?

Geralt – CyberFi CEO: Nope, you will need Uniswap and you will need Metamask, but CyberFi brings the possibility to automate your strategies instead of doing everything manually and checking Uniswap 24/7

Mary | Satoshi Club: Oh, got it. I think we can talk more about different features of CyberFi while you will answer the questions from our users) Ready for them?)

Geralt – CyberFi CEO: Sure

D| Satoshi Club: Sounds cool! it will solve lots of inconveniences. Let’s start the first part of our AMA!

Q1 from Telegram user @getrichie

You have sold 450 000 CFi in the Alpha round. Congrats. But can you tell me if you’ve got investments from any strategic partners or groups? big investment firms? Those investments are useful because they will help you with their resources to grow

Geralt – CyberFi CEO:

Q1 a little bit wrong as Alpha Round was 350 000 CFi. We have received a contribution from a fund, that will help us strategically. We will announce this later today and we are looking to get more recognition from funds that can support us in the long run

Mary | Satoshi Club:

You told me that you received enough contributions for this round for two hours?)

D| Satoshi Club:

Why later, why not now? it’s a great place for announcements😁

Geralt – CyberFi CEO:

Correct, with the support of our Advisor Jeff https://twitter.com/JeffKirdeikis we’ve been getting a lot of demand

Medium article in the making 😀

D| Satoshi Club: Ohh got it😉

Geralt – CyberFi CEO:

It’s a small fund, nothing crazy, but they are helping us A LOT with everything.

Mary | Satoshi Club:

As I understand USA citizens were restricted from Alpha Round participation, will you let them join next?

Geralt – CyberFi CEO: Nope. Sorry.

Mary | Satoshi Club:

Thanks, can we move forward to the next question?

Geralt – CyberFi CEO: Yes just send:)

D| Satoshi Club: Thanks for your answer! Q2 next!

Q2 from Telegram user @Rebel99

My favorite feature on your platform is the ability to set limit orders on Decentralized exchanges like Uniswap, I’m curious about how this would work considering that there is no order book on Uniswap and there may be huge slippage causing transactions to fail? Did you know that 1inch will have soon limit orders as well? @Rebel99

Geralt – CyberFi CEO: Good questions, although limit orders are easy to understand this is not the premier focus of our platform, we specialize in complex events automation.

Limit orders can be done in a number of ways, we have them stored off the blockchain before a price trigger tell us that the price has reached the target and the TX will then be sent online

D| Satoshi Club: Can you explain to us? how limit orders will be work?

Geralt – CyberFi CEO:

Others do it fully online, but I personally see that as a huge front-run opportunity

We are planning to set up more complex orders than just limit orders in the future, orders that would separate the Tx into smaller pieces and liquidate through a longer period of time causing a smaller slippage👍 lets go to the next Q

D| Satoshi Club: Got it! let’s proceed to the next one!

Q3 from Telegram user @konditer_rolex

You have a very complex token economy. To understand all this, you need a calculator and a great desire to find an error in your calculations. But today I want to gain confidence in the project and my question will be about this. Tell me, what is the economy of the CFI token based on? There are a lot of token distribution points with a detailed description of how many to whom and how it will be unlocked. Have you used the experience of other projects? Have you taken into account the mistakes of other projects? Do your team members have had any bad experience of participating in other projects in the past? Perhaps you learned from your own mistakes

Geralt – CyberFi CEO: I like the comment about the calculator

It does sound complex, but it is focused on one thing only – a slow period of the supply increase. The lock periods are there to provide a steady increase in supply and retain a healthy market.

Mary | Satoshi Club: Yes😀

Geralt – CyberFi CEO:

Obv we are looking at exp of other DeFi projects as examples and having a strong community and long-terms holders must help us with our economics

Mary | Satoshi Club:

How you plan to encourage your users to hold CFI?

Geralt – CyberFi CEO:

We are going to have staking features for holders

Mary | Satoshi Club: Thank you 😊 Next question?)

Geralt – CyberFi CEO:

We are planning a few interesting events in the near future for holders. Yes next Q

D| Satoshi Club: But it’s secret for now?

Geralt – CyberFi CEO:

Yes, we will involve NFTs but in a way, no one has used it before

D| Satoshi Club: Interesting, interesting!

Mary | Satoshi Club:

Yes) your testers will get NFTs, right?) We like NFT here)

Geralt – CyberFi CEO: Testers will have a separate distribution. I’m a big fan as well.

We are going to have a couple of automation strategies for NFTs also in the Future

Mary | Satoshi Club: It’s intriguing)

D| Satoshi Club: Lots of events in the future! cool! thanks for sharing!

Mary | Satoshi Club:

Ok, we will wait for the announcement 👍 , and now can we go forward to the next question?)

Geralt – CyberFi CEO: Yes, next!

D| Satoshi Club:

Q4 from Telegram user @brainchest

For an investor, several things are important. The truth of the project and success. How can I trust just the text on the web-site without proof that the project is being worked on? Projects usually upload code to Github, even if not all files are open for viewing. Information vacuum. There is no information about tokenomics. What is the yield for stacking and farming? There is no description of how future products will work. And it’s hard to see a website made with errors (in sections with horizontal scrolling, the text is cut off) by a team that has a programmer with 15 years of experience.

Please dispel the doubts that many users-investors may have.

Geralt – CyberFi CEO: Well, we do have the Alpha version and the alpha testers program.

CyberFi Announces Launch of “Alpha Testers Event”

CyberFi Alpha is ready and has gone through internal testing so it’s time to go further – starting today we are launching the application form to onboard the first 50 testers of our platform.

Small recap – CyberFi is an Intelligent DeFi Automation Platform. In our alpha, we have Automated LP token management, liquidity mining, and yield farming exit strategies essential to DeFi users.

We have capped this event at 50 users because we want to start with a close community of believers and active participants. Additionally, we have prepared many bonuses for Testers that you can check out in the form.

CyberFi invites all active DeFi users to participate, the CyberFi Team will choose the best applications and will start to send out invites in the next few days.

https://forms.gle/nxGm2n7DsFreG4DL6

That’s number 1 answer

The second point is our Advisor did a video presentation of it in the last video, so we are focused on that 100%

D| Satoshi Club: Can you share a link?

Geralt – CyberFi CEO:

3 point. I think the website is really great, we’ve spent a LOT of time working on it. Some problems might be because of animations but we are working on having it so that all screens have the same visual

https://twitter.com/JeffKirdeikis/status/1324559881618120704

Mary | Satoshi Club:

But it’s not so easy to become a tester, right?) You require active previous interaction with yield farming protocols?)

D| Satoshi Club: Yeah, I very like the design! cyberpunk style

Mary | Satoshi Club:

How many users you already find and how many seats left?

Geralt – CyberFi CEO:

Correct, as we want active participants 🙂 But Beta Testers applications will be easier to get into

We are hunting for quality requests so a number of seats are still available

Mary | Satoshi Club:

Thanks, sure you will choose the best of them 👍

Geralt – CyberFi CEO:

last point, we are not another farming project. We are a unique platform offering real change in the DeFi space. 👍

We can go to the next Q, I think

D| Satoshi Club: Thank you for answer! let’s goo to the next one!

Q5 from Telegram user @PaoloMonte87

The Alpha testing of the CyberFi platform has launched and registration is now open. What are the requirements and obligations to be part of the CyberFi Alpha testers group? What kind of benefits and bonuses will these lucky users receive for their feedbacks, efforts and contributions?

Mary | Satoshi Club: I think it’s partially covered)

But benefits and bonuses are the sweetest part😊

Geralt – CyberFi CEO:

All Qualified Testers will benefit from:

1. Access to the CyberFi Alpha
2. Access to the CyberFi Testers group
3. CyberFi Alpha testing feedback contributors will receive a Special, limited supply NFT tokens. Additionally,

 they will gain priority access to new CyberFi products.

4. Additional benefits for active testers.
5. Take part in the First Closed Transaction Mining Event of CyberFi.

Secret Bonus – 10 Active Alpha Testers will receive CyberPunk 2077 for free.

This is from the Form. It’s really more about creating a private community that will stay with us👍 Don’t know what else to add with this Q

D| Satoshi Club: And there are any requirements to participate?

Geralt – CyberFi CEO: Yes, but it’s not harsh

To qualify for AlphaTesting you have to:

1. Be an active user of yield farming protocols and other DeFi products
2. Submit an active ETH address to prove interaction with yield farming projects
3. Commit to providing feedback

Mary | Satoshi Club: How long do you plan this event to continue?

D| Satoshi Club: Nice!

Geralt – CyberFi CEO: Another week or so

Mary | Satoshi Club: Got it😀 And the last question from this part?😃

Geralt – CyberFi CEO: Yes, please.

D| Satoshi Club:

Q6 from Telegram user @Xusuo

I want to ask regarding your investment program. If I invest for Cyberfi in Alpha Round, it will be locked for 2 months? Besides 20% which is unlocked in the 1st week, then it will continue to unlock 10% every week?

Geralt – CyberFi CEO: Correct. Simple as that. let’s go.

Mary | Satoshi Club: Live questions?😀 Let’s go 🚀

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  @Fighter060

At the moment, where you are focusing right now? building and developing a product or getting customers and users, or partnerships? Could you share it?

Geralt – CyberFi CEO:

We are focused on building as fast as possible. There is one strategy available in alpha, we are working on having 4 in the Beta now. Every one of these strategies will be configurable.

Q – 2 from a telegram user @seen123

With the high volatile assets, does CyberFi have any solutions to minimize risks for traders?

Geralt – CyberFi CEO: 

Basically, all of our products are focused on creating risk-mitigation options for DeFI users.

Q – 3 from a telegram user @Splendicity

Will all limit orders be visible to everyone, the same as in CEX?

Geralt – CyberFi CEO:

Nope, they will be kept on the back-end, this is done against front runners.

Q – 4 from a telegram user @Splendicity

Are there mutual benefits between CYBERFI & UNISWAP?

Geralt – CyberFi CEO: 

Def, we are like an App on top of Uniswap, where our platform provides a much more advanced approach to DeFi opportunities.

Q – 5 from a telegram user @Pratze

I found there is 2 similar project name on your website, one is “Cyberfi” and the other is “Cyber Round”, what is the difference between two of them? Can you please explain this to us?

Geralt – CyberFi CEO: 

Cyber Round is just the name of the 2nd Round of the Tokens Sale.

Q – 6 from a telegram user @satoshingmxcom

Liquidity is the most important aspect that makes or breaks the value of an exchange. How can CyberFi solve this liquidity problem? So that users do not lose a lot of money due to non-permanent losses.

Geralt – CyberFi CEO:

We solve it through triggers that are used to launch automated strategies. The problem with DeFi right now – that it’s all manual, that just leaves the user with a lot of risks. Our platform is focused on risk mitigation.

Q – 7 from a telegram user @warny

I want to apply for the CyberFi Alpha Testers Event, has the limit of the first 50 testers been met yet or I can still join?

Geralt – CyberFi CEO:

Still possible to join.

Q – 8 from a telegram user  @Termuxnih

So, can you honestly tell us the drawbacks of your project?

Geralt – CyberFi CEO:

We have a number of limitations right now due to the non-custodial nature of our Platform, but we are working on a v2 of the project that will make it even easier to use and more versatile.

Q – 9 from a telegram user @Xusuo

Cyberfi will be listing on Uniswap on 13th November 2020. Could you please tell me about the listing price for Uniswap?

Geralt – CyberFi CEO:

0.6$

Q – 10 from a telegram user @nzikak

Your medium post says that traders will be able to automate their farming strategies. Would this be by using some programming language or what?

Geralt – CyberFi CEO:

Our platform provides a UI akin to visual programming allowing users to create highly customizable automated events.

Part 3 – Quiz about DeFi project CyberFi

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$ in cryptocurrency 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: CyberFi — Intelligent DeFi Automation Platform.

Telegram   |  Tweeter  |  Medium   | Discord |  Web-site

Now for something different. HPB is a super-fast, secure, and low-cost blockchain.
At 1pm UTC on Wed 25 Nov we will host a one hour AMA followed by a rapid fire rolling raffle! Satoshi Club x High Performance Blockchain

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join HPB Global Telegram group
👉Score 3/5 in Quiz

We will have the following structure:

Part 1 AMA: $250/10 users – Win $25 HPB for asking 1 of 10 best advance questions. Reply to our Tweet or website announcement by 18 Nov. AMA hosted by Satoshi Club

Part 2 RAFFLE: $250/100s users – Get tipped $HPB to try HPB’s rapid fire rolling raffle, with a 1 in 5 chance of winning 8 HPB in each round! Raffle hosted by HPB Price

Deadline for questions: Wed 18 Nov

$HPB rewards MUST be claimed by 10pm UTC on 25 Nov at HPB Price.

For more details:
HPB – @hpbglobal
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 13th 2020 at 04:00 PM UTC Time: Satoshi Club x Yield Farmer DAO

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

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

Part 3: 300$ – A quiz about Yield Farmer DAO

For more details:
Yield Farmer DAO – @yieldfarmerdao
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on November 17th 2020 at 04:00 PM UTC Time: Satoshi Club x Wanchain

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

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

Part 3: 300$ – A quiz about Wanchain

For more details:
Wanchain – @WanchainCHAT
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

November is almost on its halfway and more interesting projects come to visit Satoshi Club and tell us about their latest news. And today we would like to tell you about the AMA session with our friends from YFOX Finance. The AMA took place on November 10 and our guest was Tyler, CEO & Founder of YFOX.finance.

The total reward pool was 1000$ 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 YFOX Finance! welcome to Satoshi Club:grinning: @TYLER_YFOX welcome here :grinning:

D. | Satoshi Club: hello Satoshi club! @TYLER_YFOX hello and welcome! :blush:

Tyler || Y FOX: Thanks for having me here guy’s! special thanks to @madamlobster for helping me getting in 😀

Mary | Satoshi Club: Happy to see you:+1: Let’s start then:tada: Please, introduce yourself and tell us more about Y FOX Finance 😉

Tyler || Y FOX: Hey Satoshi Club! I’m Tyler CEO & Founder of YFOX.finance . I’ve been a trader in past but after observing lack of few stuff, it got me the inspiration to get started with development of YFOX.

Mary | Satoshi Club: Nice start) trading brings great experience 😀

Tyler || Y FOX: indeed it does 😀

Mary | Satoshi Club: Which stuff you needed?

Tyler || Y FOX: We have been a great supporter of DeFi since the beginning but there have always been APY issues for users often a times. That’s what lead me to bring Dual Staking in yfox.finance.

D. | Satoshi Club: dual stacking? what kinda magic is that? but stop! don’t answer! we have question about dual staking in first part of our AMA :joy:

Tyler || Y FOX: YFOX Dual Staking is a dAPP that bridges the gap between the normal staking and the traditional banking fixed deposit method. Y FOX 🦊 Dual Staking brings two types of staking integrated into the same dAPP which minimizes the risk factor gaining good interest on top of it.

Q1 from Telegram user @xaviermaya

You refer on the website to your decentralized exchange where users can easily swap tokens at a reduced fee. Please elaborate. Reduced fees compared to what? To uniswap?

Tyler || Y FOX: Great question! This will be one of our Product YFOX SWAP – where users can swap their tokens on our DEX. How it will be using lesser fees – We will provide the options where a user can decide the speed of transaction and can select the minimal of the fees as well in order to make a transaction (without encountering the transaction failures)

Mary | Satoshi Club: Like in metamask etc?

Tyler || Y FOX: yep kinda same to be precise!

Mary | Satoshi Club: When it will be launched?) I like to reduce fees)

Tyler || Y FOX: its planned for Q1-2021

D. | Satoshi Club: you will implementing L2 solution to your DEX? it will help reduce fees?

Tyler || Y FOX: we are under the experiment and will launch it on testnet soon.

Mary | Satoshi Club: It’s not so far) will you have testing period? Who can participate in testing?

Tyler || Y FOX: yes, will better do a testing – instead of launching a failed product!

D. | Satoshi Club: ok! will be interesting to see the result!

Q2 from Telegram user @ivancryptoz

1840 Tokens will be used for Marketing and Promotions.(8%). They don’t have lockup, so, can you tell us who approves this spending, is this public and how much is left?

Tyler || Y FOX: we decide the spending of same after a team meeting. Yes 1840 $YFOX were dedicated for marketing and promotionsout of which we are left with 1744.97 YFOX. Why no lockup – We never did any presale and we do have to spend some fuel for our mission to the moon. We can only do it by sacrificing our precious $YFOX. However it’s discussed very crucially about where and how to spend any $YFOX. and we are very selective with this, after all we love our $YFOX 🦊

Mary | Satoshi Club: You’re self-funded?)

Tyler || Y FOX: yes, we are self-funded with LP locked on Unicrypt for 2 years!

Mary | Satoshi Club: 2 years is really big term)

D. | Satoshi Club: great! not many projects avoid presale stage

Tyler || Y FOX: we are here to stay for long.

Q3 from Telegram user @pandasbitcoins

When I click on Litepaper or whitepaper, I get nothing. Only an error while clicking on Litepaper. Does it mean that you don’t have them yet or is it some kind of error there?

Tyler || Y FOX: well!
It loads perfectly for me. However we have been asked for the same in a while earlier. Thanks for mentioning the same, will get the devs to work on it.

Mary | Satoshi Club: Oh, it’s nice)

Tyler || Y FOX: You can refer to this if you want to have a look on litepaper in due time!

Mary | Satoshi Club: Btw, i also had a problems with loading)

Tyler || Y FOX: maybe that’s the issue with mobile users in such case! It loads perfectly for me on desktop all the times :laughing:

Mary | Satoshi Club: It’s important to have feedback from users) a lot of Satoshiclubbers checked your site today)

D. | Satoshi Club: yeah same for me. can’t open

Mary | Satoshi Club: I think they resolve this issue quickly :grinning:

Tyler || Y FOX: well that’s exactly when the things get noticed and we get to know the areas to be fixed/worked on it immediately. We have been under DDOS attack often a times though 🙁

Mary | Satoshi Club: This attacks🤦

Tyler || Y FOX: it sucks 😒Most importantly – those threats to fund XYZ amount of ETH to attackers! why would we do that lol

Mary | Satoshi Club: They are crazy 🤦

Q4 from Telegram user @cryptomonkss

In your litepaper, the yearly staking reward is promised to be 200%. Can you tell us how did you come with this number, and don’t you think that so high a % is detrimental to the inflation and the health of the token in general?

Tyler || Y FOX: someone wasn’t able to load it, while another question is from same section of website lol. INTERESTING!

Well that’s the max APY a user can earn and the same is available for limited durations (12 months). After this duration we will launch another contract with reduced rewards!

Mary | Satoshi Club: Will you do the same every year or that will be the final?

Tyler || Y FOX: that will be decided on the interest of the community. We will try to deliver the best we can, to keep them happy. Community first!

Mary | Satoshi Club: Haha, it’s truth :+1:

D. | Satoshi Club: good approach

Tyler || Y FOX: You can’t survive without having a happy community!

Q5 from Telegram user @prahenkris

it’s not very clear for me how will dual staking work? Does it mean that with an amount, users will be able to get twice the benefits? Or just that the platform will have this 2 types of staking available?

Tyler || Y FOX: Well! there is no minimum requirement to participate in Dual Staking program. You can even get started with 0.000001 $YFOX to participate in Dual Staking.
Cool Isn’t it?

Mary | Satoshi Club: Yes:joy: it’s unbelievable)

Tyler || Y FOX: https://yfoxfinance.medium.com/fox-dual-staking-9fd7b8443d4a You can refer to this article for more information on Dual Staking.

Mary | Satoshi Club: For this staking i will need to lock funds?

Tyler || Y FOX: We believe in equality – no such high requirements as 32 ETH to be eilgible to stake ( no offense)

Mary | Satoshi Club: Oh, why not, everyone has 32 ETH:joy::joy::joy:

D. | Satoshi Club: yeah this requirement for eth 2.0 is insane 😀

Tyler || Y FOX: i wish they had. everyone would have been rich!

Mary | Satoshi Club: Yes, but true… But now we can start with $YFOX) So, will i need to lock funds for Dual Staking?

Tyler || Y FOX: yes . nothing comes for free! however, we have tried to keep the locking as minimum as possible. For regular staking – Minimum locking duration is 48 hours. For Fixed Deposit – It takes a locking of 365 (refering to launch time). It will keep reducing with the validity of the contract. Fixed deposit works as same as a Bank!

Q6 from Telegram user @mustache_volodya

It’s very nice that your smart contract is easily found and that it’s audited, but Blockchain Consilium has been into a lot of fire lately. Do you consider performing an audit from more companies?

Tyler || Y FOX: Yes that’s unfortunate to be true. But yes we are aware of the same as well and we are under some crucial developments. Will push it forward to get audited by Certik. I hope this can solve the concern and bring more confidence within the community. 🤞 for the audit though lol.

D. | Satoshi Club: awesome! Certik is a solid company!

Tyler || Y FOX: I hope our budget allows for it though

Mary | Satoshi Club: And if you will change contract in the next year you will need audit again?

Tyler || Y FOX: more likely

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Dhani9460

How can I stake YFOX Can you please tell me the process And how much rewards will I receive if I hold yfox token? And can unstake my token anytime or there a time-lock period?

Tyler || Y FOX: for staking rewards you have to buy YFOX first – even 0.000001 $YFOX can get you started. For rewards, you can get upto 200% of APY.
Yes you can unstake the tokens anytime you want to. However we would like you to enjoy the benefits of YFOX fixed deposit program as well. More details can be found on:
https://yfoxfinance.medium.com/fox-dual-staking-9fd7b8443d4a

Q2 from Telegram user @kun4321

What is the difference between REGULAR STAKING and FIXED DEPOSIT STAKING?

Tyler || Y FOX: Well both of them completes the product DUAL STAKING:

Regular Staking: Regular staking is normal staking in which you can earn passive income with up to 200% APY on top of your staked YFOX 🦊 token.
There are 48 hours of lock-in period on your staked tokens.
However, the fun part is you can claim your gained rewards any time even before the lock-in period is completed.
———————————————————————————————————————————————————————
Fixed Deposit Staking: Despite regular staking Y FOX 🦊 offers an additional staking option that the Defi market has never seen before known as Fixed Deposit Staking. This Staking feature works similarly to the Fixed Deposit (F.D) that is available in the traditional banking system with an annual interest rate for term deposits.
However, Y FOX 🦊comes with the same Fixed Deposit which works in a decentralized manner with up to 250% annual interest rate with 0.69% daily emission. There is a fixed lock-in period of 360 days and no additional fees are charged.

Rewards structure:
● Hourly (60 min) : 0.02%
● Daily(24 Hrs) : 0.55%
● Weekly (7 Days) : 3.88%
● Monthly(30 Days) : 16.66%
● Yearly(360 Days) : 200%
However, there is 1% Staking and 0.5% Unstaking fees that are applicable while interacting with the dual staking Smart Contract.

Q3 from Telegram user @tuvalunia

When will Fox Farming launch?

Tyler || Y FOX: It will be launched as per our Roadmap i.e. Q4 2020.

Q4 from Telegram user @KelierTG

– On which exchange platforms can we find $YFOX listed? Do you have Binance contacts on your itinerary?

Tyler || Y FOX: For now, we are available on Uniswap, Hotbit and Bilaxy. We are also available on Mooniswap – but users often complains about lesser liquidity and high slippage there. That’s why we don’t consider it good to trade there. Only Hotbit, Bilaxy and Uniswap is our recommended one for now. For Binance – Honestly! we are no one to commit the same. It’s their decision and we can’t commit anything related to binance yet.

Q5 from Telegram user @Triwidodo99

Liquidity is very important for me, how about your liquidity?

Tyler || Y FOX: Like mentioned earlier – We have our liquidity locked for 2 years on Unicrypt. However we are working on some developments to bring LP staking for users. This may also solve liquidity issues!

Q6 from Telegram user @Splendicity

We believe in equality – no such high requirements as 32 ETH to be eilgible to stake ( no offense)
The above:point_up_2: statement was made by you .So what’s the minimum i need to have so as to be eligible to stake?

Tyler || Y FOX: you can even stake 0.000001 $YFOX. that’s the only minimum requirement as YFOX is six decimals Token.

Q7 from Telegram user @Alika061

Will Fox Finance create and open staking and farming for the depositors and holders of the $YFOX token itself?

Tyler || Y FOX: Yes we are working on same, along with this – we are working on development of some games as well and we are expecting to launch our NFT’s soon too. Which is out of blue and not there on roadmap either. Couldn’t say much about it yet. Better we deliver it than being said right?

Q8 from Telegram user @Alika061

Partnership and marketing lined up with whom #YFOXFinance will do? and has your smart contract been audited, how can I buy that $YFOC token.

Tyler || Y FOX: We are in discussion with some well known projects for partnerships purpose. Yes our smart contract is audited and same can be found on https://etherscan.io/address/0x706CB9E741CBFee00Ad5b3f5ACc8bd44D1644a74#code

however we are expecting to get audited by Certik soon.

Sure! You can join our Telegram/Twitter handles :
🦊 Website :- https://yfox.finance🦊 Twitter :- https://twitter.com/yfoxfinance🦊 Telegram Community :- https://t.me/YFOX_Finance
🦊 Medium :- https://medium.com/@YFOXFINANCE

Q9 from Telegram user @DiegoRME

Why did you decide to choose the image of the “fox”? Is this a strategy to attract investors to your ecosystem?

Tyler || Y FOX: Well fox is a very wicked animal – yet underrated though!
We are planning to roll out our NFT’s related to FOX really soon. Stay tuned for further details on it.

Q10 from Telegram user @erven12

Can you list ALL YOUR SOCIAL MEDIAS so we will know where we can FOLLOW Y FOX?

Tyler || Y FOX: Sure! You can join our Telegram/Twitter handles :
🦊 Website :- https://yfox.finance🦊 Twitter :- https://twitter.com/yfoxfinance🦊 Telegram Community :- https://t.me/YFOX_Finance
🦊 Medium :- https://medium.com/@YFOXFINANCE
this was it.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of YFOX Finance. They’ve prepared 4 questions for this part. The total reward pool for quiz was 700$.

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
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Our partners:

YFOX Finance Community: https://t.me/YFOX_Finance

The speed is something dangerous but very exciting. But there is nothing dangerous in Satoshi Club, but we can have exciting speed. And today we would like to tell you about the AMA session with our friends from TEAM Finance. The AMA took place on November 09 and our guests were TEAM Developer and Cop Smoke.

The total reward pool was 1500$ 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 Team.Finance! welcome to Satoshi Club:grinning:

D. | Satoshi Club: hello Satoshi club

TEAM Developer: Hello everyone

Cop Smoke: Thank you for having us

Mary | Satoshi Club: Hello, TEAM🥳 How are you today?)

TEAM Developer: We are great, and ready for our project’s biggest day ever, Blitz (today)!

Mary | Satoshi Club: Wow, it’s really a big day today!

Cop Smoke: We are making 6 announcements, one each hour from 12PM-6PM EST Today!

Mary | Satoshi Club: But first, can i ask you introduce yourself and tell us about your project 😉 and its announcement)

TEAM Developer: Sure. Team Finance is the fastest growing token locking solution in DeFi. We lock other project’s tokens (liquidity, and founder tokens) so that investor’s know that project is safe and committed to long-term success. To date we have locked over $12,000,000 worth of coins. Today, is our BLITZ event. Starting in 3 hours, we will be making 6 Announcements, 1 ANN each hour for 6 hours straight

Also followed by non-stop promotion and AMAs. That is why TEAM was #1 on CoinGecko last night, the world is excited to see what we have to say

Mary | Satoshi Club: You talk about this info:grinning:?

TEAM Developer: Yes. Many projects have locked and then withdrawn tokens by the way, but the total value locked to date is $12,000,000. Currently we have almost $8,000,000 inside our vaults

Mary | Satoshi Club: Oh, got it:grinning: thank you :+1:

TEAM Developer: Also, this number was achieved without fully launching the product. We have been locking tokens manually, today when we launch the website, we will grow infinitely faster

Mary | Satoshi Club: So, you had more than 25 projects locked with Team?)

TEAM Developer: Yes

D. | Satoshi Club: nice! not rookie numbers 😁

TEAM Developer: Including KP4R, OctoFi, YFIII, and many more

Mary | Satoshi Club: I like your progress :+1:

TEAM Developer: These projects trust us very much, they put the fate of their project’s into our lockers and we have not had a single issue to date.Now, we will scale and we hope to reach $100m locked very soon

Mary | Satoshi Club: Amazing:+1: Congrats with this) And i think you want to explain us more about #TeamBlitz 😉

TEAM Developer:

It starts in 3 hours. It will be back-to-back announcements with a lot of promotion and marketing, all condensed into 6 hours. It is the first ever event of its kind. We are very excited, and many new people will hear about TEAM today after this event. Already, our group has grown by a lot of users

Mary | Satoshi Club: Oh, and we won’t have announcements during our AMA?🥺 We like news to be announced here:grinning:

TEAM Developer:First Announcement will be at 12, but I can tell you that our 6th announcement is the most exciting. Each announcement gets bigger and bigger

Mary | Satoshi Club: Great:+1: we will follow you:grinning:

TEAM Developer: This AMA will get your viewers into the Blitz early, because most of crypto will only hear during the Blitz 😉

D. | Satoshi Club: and last one, i bet would be listing on Binance?

TEAM Developer: We are in talks with some indivduals from Binance, but this is something we may wait for Blitz #2 for Last announcement is regarding the TEAM Platform itself. This is your sneak peek

Q1 from Telegram user @dashinberlin

You offer a non-custodial coin locker for team or other project tokens to bring more trust for the project. But as I know, every team can lock their tokens through a smart contract which can be verified by everyone. Why would they need to engage with a third party service for this?

TEAM Developer: Great question. This is true, any project can create their own locking contract, but there are the following problems:
1: Will it have vulnerabilities that will allow a hacker to steal everything?
2: Does the project have the $ to pay for an audit to prevent problem #1?
3: Even if the contract is safe, will investors believe you?
4: Do you want to spend the money and time building that contract, when a platform like TEAM exists and does it in a few minutes?
Additionally, TEAM provides projects more exposure, and adds more trust to a project’s name.

It is so easy to lock into team, and then display our front-facing profile to investors, most projects choose this option instead.

Mary | Satoshi Club: We have some projects with the same or near features on the market, like Unicrypt) Why project have to choose Team? Actually we will have a question about this) a bit later)

TEAM Developer: TEAM will be offering free liquidity locking for all projects, this will let us compete with Unicrypt. For the “Project Token” locking service, there are few other solutions like TEAM. We have locked more Project Tokens than anyone else, and we will continue to dominate that area.

Mary | Satoshi Club: Btw, do you have any requirements for projects which want to lock tokens?)

TEAM Developer: No, our platform is completely autonomous and anybody can lock. We scan the smart contract to check for vulnerabilities/risks, like a mint function and add spender, this way investors can see if the project has hidden traps aside from regular rug pull tactics.

Mary | Satoshi Club: So, you scan) i like this)

TEAM Developer: Yes. Very important to prevent rug pulls

Mary | Satoshi Club: They like to hide. Did you have project which applied for lock, but you found hidden traps and had to refuse it?

TEAM Developer: No, we have not had this issue. And after today, when the platform is live, we will not reject anyone, everyone can lock on out platform, just like Unicrypt. However, that is why we provide tools for investor’s to analyze whether the project is a safe investment. But anybody can lock, keep this in mind

Q2 from Telegram user @halvving

What fee do you take from projects to lock their tokens and is it enough for your team to be sustainable with the fee you take? Do you have any financial projections?

TEAM Developer: This will be announced, as it is integrated into our token model (another hint about our Blitz ANN) You will have to wait and see later today those exact details

Mary | Satoshi Club: Ok, we have one more hint:+1:

Q3 from Telegram user @tronsupporter

I’ve heard about your idea before and I think you have competitors in the market. Do you have an analysis regarding their success? I am also interested if you had any customers until now as well

TEAM Developer: Yes, we have many projects which have locked with us. Our competitors..

I wont mention all by name, but nobody has locked more than us for Project Tokens, and as for liquidity, I predice we will beat them soon (in a couple months). Then we will dominate the locking space

Mary | Satoshi Club: Revolutionary plans:+1:

TEAM Developer: Here is an example https://etherscan.io/address/0x06d0ccbfa6f1eec7ca61288f8545efd977384c70

Go here

This is how much TrustSwap has locked. We have locked $12,000,000. That is 120x more

Mary | Satoshi Club: Not so much) if you are talking about locks) they also have a lot of transactions here https://etherscan.io/token/0xCC4304A31d09258b0029eA7FE63d032f52e44EFe

TEAM Developer: Yes, thats their coin. I am talking about product

Mary | Satoshi Club: But i think it’s different then locks)

TEAM Developer: Our product is beating theirs, with respect to locks. But they have a good project and I am sure in many areas will succeed.But in the locking area, i think we will beat all of our competitors

D. | Satoshi Club: what about LID Protocol? is it your competitor?

TEAM Developer: In a sense yes, but they are more of a launchpad. We focus on locks

D. | Satoshi Club: ok thanks for clarifying! i know the difference now 😇

Q4 from Telegram user @dominiksss

I saw on your website that currently you support only erc20 tokens. I understand that at the moment this is the most popular chain, but other chains have a decent market share as well and other advantages over it. Do you plan to add support for other chains, or do you want to focus on Ethereum only?

TEAM Developer: Yes, we hope to soon integrate with BSC and TRX, and we are speaking to those two groups in talks with potential partnerships down the road

Mary | Satoshi Club: EOS?)

D. | Satoshi Club: Cosmos?

TEAM Developer: EOS is another one we would like to integrate, but BSC and TRX are the ones we are actively working integrating at the moment

Mary | Satoshi Club: That’s true) You can do it step by step)

D. | Satoshi Club: when exactly do plan to work with BSC and TRX projects? in this year in the next one?

TEAM Developer: I am not sure about timing, the sooner the better, but we plan to create the first locking solution for those two chains. Then all BSC and TRX projects will be able to lock with TEAM

Mary | Satoshi Club: They currently don’t have?

TEAM Developer: Smaller developers can build ones for their projects individually, but not a full solution like team

Mary | Satoshi Club: Oh, you’ll be pioneers :+1:

TEAM Developer: yes

Q5 from Telegram user @bitociok

It’s interesting, you have a smart-contract for all your clients or you create a new one for each project/ client you have?

TEAM Developer: We have 1 smart contract right now for all projects

Mary | Satoshi Club: And it was audited?)

TEAM Developer: Otherwise the fees to create and deploy a new contract for each token would make our model unsustainable. Yes it was audited by Chainsulting

Mary | Satoshi Club: Can you share a link here, so everyone can see it?)

TEAM Developer:

Mary | Satoshi Club: Btw, nice audit:joy: i saw audit written as medium article

D. | Satoshi Club: imagine i saw projects without audit 👀

Q6 from Telegram user @Jitka1

What is the functionality of the badge “Trust score” that is on your website and how is it formed? What’s the formula and what indicators do you use to assemble this score?

TEAM Developer: In the new version, this is removed. We decided we will not score projects based on trust, instead we will provide the facts and display the evidence of locks/mint functions, etc, and let the investors decide for themselves

Mary | Satoshi Club: Btw, will your community opinion matter?

TEAM Developer: What do you mean by that

Mary | Satoshi Club: If they don’t like a project and will think it’s a scam?) Will you remove or refuse it?

TEAM Developer: We cannot, anybody can lock into our contracts. Just like anybody can create a smart contract on Ethereum, Ethereum does not remove somebody just because the community does not like them. But we warn against investing in projects if they have certain scam-like indicators.

We aim to prevent rug pulls, and our platform is built around that While still allowing all to access our services

Mary | Satoshi Club: Got it) I think warning from you will also work)

Part 2 — live questions from the Telegram community

Q1 from Telegram user @apocan99

Do you have any future plan for providing some other services such as yield farming, staking, borrowing, etc.

TEAM Developer: Wait for blitz to find out

Q2 from Telegram user @huydo

Your website shows ” Locker Room” with “Coming soon” status, could you please talk about its function and features?

TEAM Developer: Blitz will reveal

Q3 from Telegram user @Zeanich

How do you plan to encourage or promote more projects to reach the 100m blocked @teamfinancedev

TEAM Developer: We plan on encouraging the community to push projects to lock, because this will make those projects safer

Q4 from Telegram user @borysfireball

You’re shooting #TeamBlitz with 6/6 announcements/spreads today. Why don’t you want to stretch the fun for 6 days? I think 666 could be mysterious. What are your main expectations from this event?

TEAM Developer: Thats the devils number

Q5 from Telegram user @BJosefina61

TeamFinance admits on its website the intention of expanding to other blockchains. Some preview of what could be? maybe BSC or Polkadot?

TEAM Developer: Yes BSC for sure, TRX and I would love Polkadot

Q6 from Telegram user @eeaq15

Do you want to apply your services to other token-related services in the future?

TEAM Developer: Yes, we plan on expanding to more services soon as long as it fits our ethos of “preventing rug pulls”

Q7 from Telegram user @Mohitku1

To participate in Blitz contest we keed prior Kyc or anything?

TEAM Developer: Nope, just follow us on twitter and join the telegram, thats all!

Q8 from Telegram user @Gutike95

Until today, only 25 tokens are associated with the Team Finance blocking services, but none of them are really well known, will it be that when the projects are recognized they no longer need token blocking from the founders? or even many projects do not know TEAM?

TEAM Developer: KP4R was #1 on Dextools, OctoFi, YFIII, many are well known

Q9 from Telegram user @KhaleesiTheCryptoLady

Hi @teamfinancedev :blush::wave:🏻
Do you think your edge in locking area will make you boooooom in Defi world? Do you have More advance features of TEAM Finance which you can add aside from locking that will make you famous in Defi world?

TEAM Developer: Yes, I think once we fully launch and lock an additional 50 projects or so we will solidify our position in the space

Q10 from Telegram user @ineed688btc

The DEFI space is very young and is changing rapidly. My question is, how flexible are your tools to adapt to changes in the DEFI crypto space? How do you make #TEAM pupular ?

TEAM Developer: Very flexible, not just the product, but the team. We move quickly and efficiently, making our platform a great long-term success

Q11 from Telegram user @tuvalunia

How do you assure the security of the locked tokens in TEAM ecosystem?

TEAM Developer: Through smart contracts and audits

Q12 from Telegram user @BeratToker

Team Finance announced Blitz event and Blitz will have 6 major announcements for Team Finance project.
When will Blitz event happen? What will major updates be about, are there any sneak-peaks you can tell us?

TEAM Developer: Today, starting in 2 hours, stay tuned!

Q13 from Telegram user @warny

How many projects now have successfully locked their Tokens on Team Finance? @teamfinancedev

TEAM Developer: 24 to date

Q14 from Telegram user @KevSalom

– How much money ($) does Team Finance have in total in blocked tokens?

TEAM Developer: Currently, 8 million, total 12 million to date

Q15 from Telegram user @cryptovgh

TEAM project’s sign is a locking sign, is there any special reason to choose this sign for the project?

TEAM Developer: Yes, because our only purpose is to lock projects

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of TEAM Finance. They’ve prepared 4 questions for this part. The total reward pool for quiz was 1000$.

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:

TEAM Finance Community: https://t.me/team_finance

On November 4, we were visited by friends from the Oasis Network with whom we held an AMA.

With the Oasis Network, we can build a better internet — one that protects the data rights of individual users, while enabling fundamentally new use-cases and applications.

Short about AMA:

Guests:

–Cosentino  @lcosent Luca, 

–Jon Poole @CoincidenceJon – Community Manager Business Development for Oasis

–Andrew Miller @oasismiller20 product marketing

–AMA divided into 3 parts

–Reward poll 900$

PART 1, INTRODUCTION AND COMMUNITY QUESTIONS.

Mary | Satoshi Club: Hello again,Satoshi Club! We are happy to announce our AMA session with Oasis! Welcome to Satoshi Club😀

D| Satoshi Club: Hello hello

@CoincidenceJon hello! welcome to Satoshi club! 😊

Jon Poole: Thank you 🙏🏼 very happy to be here!

Mary | Satoshi Club: How are you today?)

Jon Poole: I’m doing very well, thank you. Yourself?

Mary | Satoshi Club: We as well) so, let’s start?)

Could you please introduce yourself and how did you start with Oasis?)

Jon Poole: 💪🏼🔥 Let’s have a great AMA! 🌹

Luca Cosentino: Hi everyone. I am Luca, I am Italian and live in SF. My background is in Product at P&G, AmEx, and Google. I moved to the US for an MBA at UC Berkeley. Having experienced how large enterprises and consumers deal with data, I had an idea around creating a better technology that creates a fair way to enable data collaborations. I met with prof. Dawn Song at UC Berkeley while she was working on starting Oasis; I absolutely loved the vision and decided to join her company.

Andrew Miller | Oasis: Hi folks! Excited to be here. I run product marketing here at Oasis, I have a background working in startups, and have always been passionate about privacy — so Oasis and it’s vision really resonated with my interests. I joined about two years ago.

Mary | Satoshi Club: Welcome to Satoshi Club 😀

Jon Poole: Thank you, for having us this morning! I’m Community Manager and Business Development for Oasis! I first joined Oasis back in June 2018 and it’s been an incredible journey along the way. My blockchain background comes from the private investor side, so naturally, when evaluating Oasis as a scalability solution during the scaling wars of 2018 my mind was expanded to see what Dawn Song’s vision had in store for the blockchain, and I had to be a part of it! 🚀

D| Satoshi Club:  @oasismiller20 @lcosent hello! Welcome to Satoshi club! 😊

Mary | Satoshi Club: It was a long way and now, as I understand, you are a few steps from Launch, right?)

Jon Poole: We’re at the final step! Currently, we’re in Mainnet Beta which has transfers disabled, but we’re expecting Mainnet very soon! 🚀🚀🚀

D| Satoshi Club: And what is Oasis? could you tell us briefly as a part of our intro 😊

Jon Poole: The Oasis Network is the first privacy-enabled scalable blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first-ever responsible data economy.

The community has seen a lot of progress in the last few months. Just recently we successfully launched Mainnet Beta with a large pool of validator nodes. This is a huge step for the community and the last major milestone before Mainnet.

We’ve also recently announced major partnerships and projects being built on the network including a new privacy-first genome sequencing integration with Nebula Genomics where customers can own their genome data, a new CryptoSafe alliance with Binance to help combat crypto fraud, and a new Ethereum compatible compute environment built by Second State on the Oasis Network — allowing us to support all existing DApps on Ethereum with better performance and lower gas fees.

Here are links to each:

– Nebula Genomics: https://medium.com/oasis-protocol-project/giving-users-control-of-their-genomic-data-3354a3b89d56

– CryptoSafe Alliance with Binance: https://medium.com/oasis-protocol-project/oasis-labs-joins-forces-with-binance-to-launch-cryptosafe-alliance-and-decentralized-platform-for-1e3964d8531

– Ethereum compatible ParaTime: https://medium.com/oasis-protocol-project/second-state-launches-oasis-ethereum-paratime-on-oasis-network-f824f656503b

D| Satoshi Club: Yeah, now I need time to read all of this😄

Jon Poole: I could flood you for DAYS with reading material 😅 https://docs.oasis.dev/general/

Mary | Satoshi Club: We need a long vacation to read everything)

D| Satoshi Club: Haha thanks! 👍

Mary | Satoshi Club: A lot of info and tones of work done by the team👍 I saw your partners on the Oasis site and was impressed 😀

Jon Poole: The team has been working hard for over 2.5 years building a working platform, unlike most projects who launch their token before actually building what they promise… 😎🤝

Andrew Miller | Oasis: Thank you 🙂 An important goal for the project is to ensure that both DApp developers and enterprises can use our platform.

Mary | Satoshi Club: Ahaha, you can’t imagine, how right are your words)

Thank you for the intros👍 and now questions from our community are waiting in the line 😉 ready for them?)

Andrew Miller | Oasis: Yeah! Let’s do it

Jon Poole: We have an amazing network of partners, and it’s growing! We just announced our partnership with Balancer https://medium.com/oasis-protocol-project/defis-breakout-moment-20482017a44f

Mary | Satoshi Club: Wow, congrats on one more🎉

Andrew Miller | Oasis: Yeah! Let’s do it

Jon Poole: Ready 😎🌹

D| Satoshi Club: Q1 from Telegram User  @jpsarmah

How promising are the results from the live Oasis Mainnet Beta and when to expect Mainnet?

Jon Poole: Maybe to an Oasis 😂😉

Mary | Satoshi Club: Oh, it’s a good idea 👍😂

Andrew Miller | Oasis: Results look very promising. The Network launched in under a minute and have over 70 validators active on the network. This is really the last final check, if you will, before Mainnet. Everything is exactly the same as Mainnet, except transfers are turned off. So we’re feeling very optimistic about being able to launch Mainnet soon!

Jon Poole: https://www.oasisscan.com/

Come see the network running! 👆🏼🔥💪🏼

Mary | Satoshi Club: It looks beautiful 🤩

Jon Poole: I really like it also! 🙌🏼🌟

Mary | Satoshi Club: In the future, which requirements I will need to fulfill to become a validator?)

Jon Poole: Side note: “The Oasis Network is composed of multiple classes of nodes that participate in different committees. The majority of committees have common system configurations for the participant nodes.”

Mary | Satoshi Club: It is a chance for everyone to be involved 😀

Jon Poole: It also provides protection in a very strong way against anyone Node being the “Weakest link in the chain” like other blockchains that make all their Nodes run a specific hardware requirement.

Mary | Satoshi Club: So, attacks on the chain almost impossible?

D| Satoshi Club: 75 validators 💪nice!

Andrew Miller | Oasis: We have a range of different requirements depending on whether you’d like to be a validator Node or run a ParaTime compute environment on the network. Compared to other networks, we have pretty light requirements for validators when it comes to hardware.

You can see all of the requirements and how to setup a node in our documentation here: https://docs.oasis.dev/general/run-a-node/node-operator-overview

Mary | Satoshi Club:  Thank you👍 sure, if for some reasons I won’t be able to become a validator this is very important info for our community) and you will have more users joined😀 Next question, guys or you want to add something?)

Jon Poole: Impossible is a dangerous word 👀, but it makes it financially very unattractive. The reward that you would receive to make the attack would be less than the cost to make the attack successful.

Mary | Satoshi Club: Yes, I know precedents from other chains, when attackers got from their actions just financial losses 😀 So, impossible) with small ‘almost’

Andrew Miller | Oasis: haha never say never 😉

Mary | Satoshi Club: We’ll see) so, let’s go forward to the next question?)

Jon Poole: We are at the cutting edge of Computer Science in regards to Privacy within Data, being lead by Professor Dawn Song from UC Berkeley (🌟the worlds foremost leader in computer science security🌟). So I feel very confident 💪🏼🔥😎

Andrew Miller | Oasis: Yeah lets!

D| Satoshi Club: Thank you for the answers! let’s continue🚀

Q2 from Telegram User  @cengizhantekin

What does “Genomic Data” actually mean in your ecosystem? Which facilities do you provide users for their Genomic Data?

Andrew Miller | Oasis: Great questions. The Oasis Network is being used by a personal Genome sequencing company to protect and secure your genetic data. Just like other companies in the space, you submit a saliva sample, which Nebula uses to sequence your genome. The data is then analyzed to determine things like your ancestry, your propensity for different diseases, etc.

With the Oasis Network, you own the data that Nebula produces, and are able to control how it is used by Nebula. This means Nebula can’t misuse your data for other purposes, like selling it to pharmaceutical companies, or running unwanted analysis, without your explicit permission.

You can read about it in our blog here

Jon Poole: Next questions please 🙏🏼

D| Satoshi Club:  Ok!

Q3 from Telegram user @astalavistabby

Your network will have around 1000 transactions per second. Do you think it is enough for a not so distant future if the blockchain will get wider adoption?

@oasismiller20 @CoincidenceJon are you in hurry? if so we can speed up our AMA a bit 😊

Jon Poole: 😁 we will make it work to stay past the hour, we want to give as much to your community as we can!

Andrew Miller | Oasis: Great question. Yes, we think this will be fast enough. As the demand grows, and the network gains more adoption we’ve designed the architecture to be easily updated with customized compute layers that can batch transactions, or be designed to support specific kinds of use cases.

So in short, we think we have the flexibility and scalability features needed to address throughput needs now and in the future.

D| Satoshi Club: Thank you! understood 😁👍

Mary | Satoshi Club: Did you try to overload the network during the testnet?

Jon Poole: It’s worth noting that Paypal is only 193 tx/s

Yes 💪🏼

Mary | Satoshi Club: Great👍

Andrew Miller | Oasis: Yes! We ran a variety of stress tests on the Network during Testnet and other phases

Mary | Satoshi Club

Amazing, sure everything will work after launch👍

D| Satoshi Club: Nice! thank you for the answers guys! The next question is coming…

Q4 from Telegram user @iulya_i

Oasis has joined forces with Binance to create an alliance to prevent fraud. Does it mean that you are partners and it will help you list on Binance?

Mary | Satoshi Club

When Binance?😂

D| Satoshi Club: HaHa

Jon Poole: We were one of Binance Labs’ first investments!

https://medium.com/oasis-protocol-project/oasis-labs-joins-forces-with-binance-to-launch-cryptosafe-alliance-and-decentralized-platform-for-1e3964d8531

Mary | Satoshi Club: They knew😉

Andrew Miller | Oasis: We are working with the CryptoSafe alliance (which includes Binance, and we hope many other exchanges!) to combat crypto fraud. We were also funded by Binance Labs as Jon mentioned. That being said, we don’t have much to comment on listing at this time 🙂

Check out that blog though.

D| Satoshi Club: 👍got it😉

Mary | Satoshi Club: Thanks👍

Andrew Miller | Oasis: The CryptoSafe Alliance is a great initiative, and we’d love to have more participants

Mary | Satoshi Club: Yes, we need Safer Crypto👍 to thank you for what you are doing! And as we don’t know exactly when Binance, let’s go to the next question)

D| Satoshi Club: Q5 from Telegram user @nellybarty

On your website, it’s stated that “the percentages and allocations are subject to change as we finalize the logistics for the network and its related programs”. Could you please explain when do you expect to have a settled tokenomics and by which % can these figures change?

Jon Poole: If you’re interested to learn about the Rose token and the token metrics 🔥 https://medium.com/oasis-protocol-project/introducing-rose-the-oasis-network-token-cee031b5a532

Andrew Miller | Oasis: The token allocations are largely settled at this point, we left that clause in there as we were in the process of finalizing some community grants and programs such as the ROSE Garden with Coinlist.

If folks haven’t heard, we recently launched a program with Coinlist that allows you to earn ROSE by locking up USDC or USDT. We encourage folks to check it out! You can register today on their site here: https://coinlist.co/oasis

D| Satoshi Club:  Is there a minimum for locking?

Jon Poole: $5 – $2,000 USDT/USDC

D| Satoshi Club: 👍super

Mary | Satoshi Club: You choose so beautiful name for your token😂

Jon Poole: There’s a beautiful meaning behind it also!

Mary | Satoshi Club: Oh, a lot of info to read😀 , and I see, that Alice won’t be disappointed by her investments)

Jon Poole: There’s a beautiful meaning behind it also!

Mary | Satoshi Club: Thanks, guys) and we are almost done with the first part, just one question left 👍

D| Satoshi Club:

Q6 from Telegram user @michaelaelf

If I’m interested in applying for a grant, could you tell me if there are clear conditions that I have to meet? Also, what’s the max. amount of funding that a project can ask in the application process?

Mary | Satoshi Club: Yes, she is famous now🥳

Jon Poole: 🌟📣 Active Campaigns: 📣🌟

Token Distribution Event – 🌹🧑‍🌾 ROSE Garden https://coinlist.co/oasis

Become an Oasis Ambassador 🤝 – https://medium.com/oasis-protocol-project/become-an-oasis-ambassador-and-build-a-responsible-data-economy-bbd38d0f9c12

The Oasis Community Cup 🏆 (Complete Challenges each week and earn tokens BEFORE the Oasis Network Mainnet) – https://medium.com/@oasis_foundation/the-oasis-community-cup-week-10-90e5faea1423

The Oasis Second State Community Hackathon “THE QUEST FOR ROSE” 🌹 💻 – https://gitcoin.co/hackathon/hackathon:15/onboard

#BlackLivesMatter Grants Program ✊✊🏿 – https://medium.com/oasis-protocol-project/new-oasis-grants-program-eb6c7ddff788

Grants Program 💰 – https://oasisprotocol.org/en/grants

Run a Node 🕸 – https://oasisprotocol.org/node-operators

Join the DevAccelerator 🚓💨 – https://oasisprotocol.org/devaccelerator

Andrew Miller | Oasis: Generally, we’re looking for projects that are looking to make a real, tangible impact in the world and change Blockchain for the better. Especially interested in DeFi projects that leverage the Oasis Network’s unique ability to support privacy-preserving compute.

https://oasisprotocol.org/en/grants

Mary | Satoshi Club: A lot of programs 👍

Jon Poole: If a project is going well, they can apply for several rounds of funding/grants 😊💪🏼

Mary | Satoshi Club: Everything for crypto genius)

Jon Poole: It’s a great time to join our community, we’re growing rapidly and spreading the word about the change that Oasis can bring! 🔥🚀

✅ Official social media channels

Website: https://oasisprotocol.org

Website: https://www.oasislabs.com/

Twitter: https://twitter.com/OasisProtocol

Twitter: https://twitter.com/OasisLabs

Medium: https://medium.com/oasis-protocol-project

Medium: https://medium.com/oasislabs

GitHub: https://github.com/oasislabs

Reddit: https://www.reddit.com/r/oasislabs/

Slack: http://www.oasisprotocol.org/slack

Discord: https://discord.gg/RwNTK8t

Youtube: https://www.youtube.com/channel/UC35UFPcZ2F1wjPxhPrSsESQ

——————————————————

✅ Official Telegram channels

📣Announcements📣: https://t.me/oasisprotocolfoundation

English speaking Community: https://t.me/oasisprotocolcommunity

——————————————————

✅ Community Channels

🇧🇩 Bangladesh: https://t.me/OasisNetworkCommunity_Bangladesh

Brazil: https://t.me/OasisNetworkCommunity_Brazil

China WeChat: https://t.me/oasisprotocolcommunity/27378

France: https://t.me/OasisNetworkCommunity_France

Germany: https://t.me/OasisNetworkCommunity_Germany

India: https://t.me/OasisNetworkCommunity_India

Indonesia: https://t.me/OasisNetworkCommunity_Indonesia

Korea: https://t.me/OasisNetworkCommunity_Korea

Nigeria: https://t.me/OasisNetworkCommunity_Nigeria

Philippine: https://t.me/OasisNetworkCommunity_Philippine

Russia: https://t.me/OasisNetworkCommunity_Russia

Singapore: https://t.me/OasisNetworkCommunity_Singapore8

🇦🇷 🇧🇴 🇨🇱 🇨🇴 🇨🇷 🇨🇺 🇩🇴 🇪🇨 🇸🇻 🇬🇶 🇬🇹 🇭🇳 🇲🇽 🇳🇮 🇵🇾 🇵🇪 🇪🇸 🇺🇾 🇻🇪

Spanish Speaking Countries: https://t.me/OasisNetworkCommunity_Spanish

Turkey: https://t.me/OasisNetworkCommunity_Turkey

Vietnam: https://t.me/OasisNetworkCommunity_Vietnam

Mary | Satoshi Club: Yes, sure our members will join Oasis👍 And we came close to the second part👍 We will open the chat now for live questions from our community 💞

Jon Poole: Ready for part 2 👍🏼

Mary | Satoshi Club: Let’s go 🚀

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

In this part, we open a chat for the crypto community for 80 seconds. Then the guests from the crypto project choose the top questions. Only 10 was rewarded.

Reward pool: $150/10 users

Q – 1 from telegram user @cengizhantekin

✅ One of your focuses is “User Privacy”. Which users are we talking about here? Users of Oasis, or users of projects those receive service from Oasis? And how do you handle that feature?

Jon Pole: It can be both, depending on how the Paratime is built.

Andrew Miller | Oasis: We’re talking about Users of applications built on the Oasis Network. Unlike other chains, the Oasis Network is able to keep smart contract data confidential. This privacy feature, combined with the integrity of a decentralized network means users of DApps get strong guarantees that their data is kept confidential.

For example, because Oasis can support private data, DeFi apps can analyze real-world data to determine creditworthiness — allowing them to offer under-collateralized loans expanding DeFi beyond early adopters and traders to a mass market.

Q – 2 from telegram user @ouch143

Why does Oasis lab believe yield farming is not here to stay, despite being involved in DeFi?

Oasis recently announced major partnerships and projects being built on the network. Can you share some of this with us and how does it benefit the Oasis ecosystem?

Jon Pole: https://medium.com/oasis-protocol-project/defis-breakout-moment-20482017a44f

Q – 3 from telegram user @K2ice

Oasis recently announced major partnerships and projects being built on the network including a new privacy-first genome sequencing integration with Nebula Genomics where customers can own their genome data, a new CryptoSafe alliance with Binance to help combat crypto fraud, and a new Ethereum compatible compute environment built by Second State on the Oasis Network. How have these partnerships positively impacted the Oasis project and can we get links to reports on these partnerships?

Jon Pole: I posted the first two links already in here, but here is the third requested site!

https://www.oasiseth.org/

They have been instrumental in showing our community we’re here to stay and working hard in the background to establish ourselves as a strong leader in Blockchain for decades to come.

Q – 4 from telegram user @Gutike95

I have really observed that they have large numbers of partners and divergencia utilities, based on them, Oasis Network seeks to build a better internet that manages to incorporate technologies never used before?

Jon Pole: Check this out!

https://medium.com/oasis-protocol-project/secure-data-tokenization-7b730357b03e

Q – 5 from telegram user  @Idee01

Oasis recently announced Oasis Quest Hackathon. How is it different from the Oasis Second State Community Hackathon recently concluded?
How can we participate and are there rewards available?

Andrew Miller | Oasis: Great question. The Oasis Quest Hackathon spans both the Ehtereum-based smart contract layer and Data Tokenization smart contract layer on the Oasis Network, whereas the Oasis Second State Hackathon just focused on our Ethereum-based smart contract Layer.

The Oasis Quest Hackathon is also on Gitcoin and will have much larger prizes with a longer development time compared to our other hackathons. It’s really the most ambitious hackathon we’ve hosted to date.

If you’d like to join sign up here! https://gitcoin.co/hackathon/oasis/onboard.

Jon Pole: For one the reward is massive 🤑

https://gitcoin.co/hackathon/oasis/onboard

Q – 6 from telegram user  @mrdellepere

Does Oasis Labs have a learning system for people who are new to this?

Andrew Miller | Oasis: We have a lot of docs which you can find here: https://docs.oasis.dev/oasis-network-primer/

Q – 7 from telegram user  @Gladushka

Cаn Оаsis run corpоrаte Pаrаtimes with node launch restrictions? Cаn оnе nоde run mоre thаn 1 Раratimes?

Andrew Miller | Oasis: Yes! ParaTimes can be built to meet the needs of any use case. For example, a corporation could make its own ParaTime that only allows their approved Nodes to join, or you could build an entirely open ParaTime. It’s really up to the ParaTime Developer to decide. Regardless of the ParaTime design, the consensus layer will be a decentralized hub that all ParaTimes must report back to.

In theory, a Node could run in multiple ParaTimes, but practically you’d likely run into some issues. (e.g. the node may need to be available for two ParaTimes at the same time)

Q – 8 from telegram user @DiegoRME

I read in your latest Medium news “Binance and oasis labs teamed up to combat crypto fraud” … how do this alliance benefit OASIS LABS and the Blockchain community?

Jon Pole: This alliance will help keep hackers from being able to move their stolen assets around to offload on other exchanges. This is instrumental in providing a safer ecosystem for blockchain.

Some of the questions were banned and deleted.

Q – 9 from telegram user @ndbetting

Which ways are there to generate profit in longer-term with Oasis Protocol?

Jon Pole:  Staking Incentives
Given the Oasis Network’s founding vision to become a world-class, public, permissionless blockchain platform, the contributing team at Oasis has been focused on ensuring that setting up a node is as seamless as possible for all community members. To that end, we’ve put a lot of thought into making sure our staking conditions minimize barriers to entry and encourage meaningful engagement on the network. Some key parameters include:
A number of validators to participate in the consensus committee (and receive staking rewards) at launch: 70-100. Validators will be based on the stake weight on the network.
Minimum stake: 100 tokens per entity
Selection to the consensus committee: Each entity can have at most one node elected to the consensus committee at a time.
Staking rewards: The network is targeted to reward stickers with rewards of between 2.0% to 20.0% depending on the length of time staked to provide staking services on the network. In order to be eligible for staking rewards per epoch, a node would need to sign at least 75% of blocks in that epoch.
Slashing: At the time of the Mainnet launch, the network will only slash for double-signing. The network would slash the minimum stake amount (100 tokens) and freeze the node. Freezing the node is a precaution in order to prevent the node from being over-penalized. The Network will not slash for liveness or uptime at launch.
Unbinding period: The network will have a ~14-day unbinding period. During this time, staked tokens are at risk of getting slashed for double-signing and do not accrue rewards during this time.
Consensus voting power: The current voting power mechanism is stake-weighted. This means that the consensus voting power of a validator is proportional to its stake. In this model, the network will require signatures by validators representing +2/3 of the total stake of the committee to sign a block. Note that in Tendermint, a validator’s opportunities to propose a block in the round-robin block proposer order are also proportional to its voting power.

https://docs.oasis.dev/oasis-network-primer/token-metrics-and-distribution

Q – 10 from telegram user @Joseunda

Do you think that through the alliance with BINANCE you will be able to establish contacts with another exchange or more important currencies?

Jon Pole: We don’t have a very hard time connecting with exchanges, we’re a tier 1 project backed by some of the top investors the worlds ever seen 😏😉

Q – 11 from telegram user @Jmagsss

Can you explain more about the Consensus layer you are using, its use-case, advantages, and benefits for the Oasis project as well as for its users?

Andrew Miller | Oasis: Sure we built a custom consensus layer that leverages the open-source Tendermint consensus mechanism as a backend. At its core, the Oasis Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes. It’s designed to be lightweight and flexible, with a minimum set of features needed to support a decentralized ledger.

ParaTimes, which are computed environments, connect to the consensus layer and submit transactions.

You can read more about it here: https://docs.oasis.dev/oasis-network-primer/

Q – 12 from telegram user @ndbetting

What are ParaTime and Consensus Layer – how do they promote privacy within Oasis Protocol?

The Oasis Network is a Layer 1 decentralized blockchain network designed to be uniquely scalable, privacy-first and versatile.

The Network has two main architectural components, the Consensus Layer and the ParaTime Layer.
1. The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.
2. The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.

Q – 13 from telegram user @Chinthaka93

The OASIS project is still not listed on CMC or coingecko .Do you have any plans to get listed OASIS on CMC and coingecko in near future? If yes when are you planning to list OASIS? Because listing on CMC or COINGECKO is a dream for a new project entering crypto?

Jon Pole: HaHa these are based on token price, and we haven’t announced publicly what our token price will be. This will come when the time is right, and only projects who want to pump and dump focus on this as a launch marketing tool.

Q – 14 from telegram user  @jpsarmah

Why do you organize Oasis State Hackathon and how many have you conducted?

Jon Pole:  Community incentives are part of the crypto way, and we want to appreciate the Dev community! 🥳🌹🤝

Q – 15 from telegram user @nzikak

I see that there’s an ongoing registration for a hackathon on Gitcoin. What are the requirements to take part and what languages will be used? Do I need to be an experienced dev?

Jon Pole:  https://gitcoin.co/hackathon/oasis/onboard

Q – 16 from telegram user @Winterkom

What system does Oasis use to protect its users’ data? Isn’t it protected with the blockchain? Or do you plan to implement a zk-snark system?

Andrew Miller: Hi @Winterkom nice to see you again!

Blockchains are inherently public, so the data stored on them can be seen by anyone. What blockchains provide is the immutability of that data — namely that the data can’t be changed without group consensus that it should be changed.

With Oasis you get not only Unchangeable data (from the blockchain), but also private data, from the use of cutting edge privacy technology called Secure Enclaves. This means data can be used by Smart Contracts and DApps without exposing the data publicly.

You can read more about our privacy technology on our docs here: https://docs.oasis.dev/oasis-network-primer/#technology-overview

Q – 17 from telegram user @chelyabinsk_crypto

How is Oasis planning to make blockchain technologies globally more and more adaptable in the future?

Jon Pole: 

https://medium.com/oasis-protocol-project/secure-data-tokenization-7b730357b03e

Q – 18 from telegram user @Arisabela

Can Oasis be part of all projects in DeFi ecosystem? Is there a group they’re specifically made for? Do you want to become global?

Jon Pole:  https://medium.com/oasis-protocol-project/secure-data-tokenization-7b730357b03e

Q – 19 from telegram user @chelyabinsk_crypto

In the longer term – how does Oasis generate profits and how it can remain sustainable?

Jon Pole:  See above for my staking breakdown and link! 👆🏼💪🏼🙏🏼

Q – 20 from telegram user  @Idee01

Oasis ROSE Garden recently went LIVE. What collateral assets can I stake to farm ROSE? What percentage of $ROSE token supply is allocated for staking rewards?

Jon Pole: Please see the events page https://coinlist.co/oasis

Q – 21 from telegram user @jerryziz91

Comparing to other similar projects – what would be the biggest advantages of Oasis? What are the use cases of ParaTime in this ecosystem?

Jon Pole: We are the first Privacy focused and scalable network in blockchain, backed by the strongest team, the strongest investors, and the largest University program in all of Blockchain. We’re the benchmark today.

shorturl.at/bsxCU

Q – 22 from telegram user @Maksyrn

What API access do developers have to The Parcel SDK, and how does it help in the process?

Andrew Miller: We have an NPM package for Parcel which you can apply to get access to here: https://www.oasislabs.com/parcelsdk

The API makes it easy to secure your user’s data and provide strong privacy guarantees to your users. With parcel, your customers can control how their data is used and give them complete insight into any actions taken with their data.

Q – 23 from telegram user  @Mantapkansuasana

🔴🔴Can you tell us some of the latest achievements made by the Oasis project & can you describe in detail the current development efforts, such as market expansion plans, expected applications & new upcoming programs of events?🔴🔴

Andrew Miller: We’ve recently announced major partnerships and projects being built on the network including a new privacy-first genome sequencing integration with Nebula Genomics where customers can own their genome data, a new CryptoSafe alliance with Binance to help combat crypto fraud, and a new Ethereum compatible compute environment built by Second State on the Oasis Network — allowing us to support all existing DApps on Ethereum with better performance and lower gas fees.

Here are links to each:

Part 3 – Quiz

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.

For more details:

English Telegram group:  

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

Our Crypto Partner by this AMA: 

🕸💻 website |  ✔  English speaking Community  |  📣Announcements telegramm📣 |  Grants Program 💰 |  Run a Node 🕸  |  Join the DevAccelerator 🚓💨 

The Oasis Second State Community Hackathon “THE QUEST FOR ROSE” 🌹 💻

The Oasis Community Cup 🏆 (Complete Challenges each week and earn tokens BEFORE the Oasis Network Mainnet)