We are pleased to announce our next AMA on December 23rd 2020 at 04:00 PM UTC Time: Satoshi Club x finance.vote
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join finance.vote Telegram group
We will have the following structure:
Part 1: 150$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 150$/10 users – Open chat for 100 seconds. You can post Max 3 questions. finance.vote Team will select 10 questions and answer them.
Part 3: 700$ – A quiz about finance.vote
For more details:
finance.vote – @financedotvote
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Your project cut across 3 core components which are: Vote market prediction, DAO networks launch/miniDao spins and Social trading system. I am particularly interested in this social trading system which allows groups of traders to pull assets together and vote for portfolio and trades by using $FVT to buy voting identity. This gives them 100 $V per identity which they can use in voting for portfolios in order to earn from the reward pool. The whole process seems complex and I will like you to throw more light on it. Is $V another separate token? If $V is used for voting, what then is the voting identity and what is it used for?
Your project is set out to help filter out illiquid and non-worthy tokens for investors so that they can make better investment decisions with minimal risk. Based on voting patterns, tokens can get promoted and relegated from different divisions with the top rated token in the Top Division of your Token League. This sound interesting. Do your users place vote based on their intuition or are there some set of mandatory standards that a user should consider before placing a vote? What are the chances for a highly rated project in your Top Division to rug pull ?
Do you have any partnership in your project ? If yes, Explain to me why you must make a partnership ?
Could you explain to us about The .vote consensus mechanism ? It means if I’m the $FVT holder and I have 10000 $FVT, how the mechanism about the staking ?
Decentralisation ia very important, The Finance.vote is deployed in a phase path towards decentralisation. Would you mind to explain to us about the phase ? I think this is very important to describe, sir !
Smart contracts are prone to failure and many projects fall victim to this, costing users money and the project discrediting. How reliable and secure is your smart contract? Have you audit it through any of the parties?
Most of the current Defi projects are dependent on a centralized Oracle for data delivery. So Your project has not been like that? The solution that you offer?
Tell us the long term vision of #NFT for its users? How do You empower NFT & what new use scenarios do You provide? How will you make NFT more valuable?
You aim to give the power to the minority token holders by creating token specific miniDAOs. How will you do that? Will you exclude the major holders from this decision making? Because even if the DAO are mini, the big players can still participate
How exactly will the second layer governance system improve the collective intelligence of the network? Can you give us some examples?
a lot of have happened since your last AMA, you’ve had your auction for your FVT tokens which ended having 850 ETH was collected and paired with 19.6m $FVT to discover a listing price of $0.02. How do you feel about the auction result and did is the funding enough to keep the platform running for 2-3 years? What could have been done better for the auction ?
Since the launch of auction until now, there were 6 rounds of voting that has been held. Can you provide us some of the insights or statistics of the votes ?
There were few rounds that the voters correctly predicted the highest coin/token of the week,how can this results be use for real world application / usage? What type of voting will you be introducing in the future.
Finance.vote has recently start to implement Citizens Chamber, The Embassy with Analysts, Diplomats and Ambassadors. I’m quite confuse about all this function and the difference between all this roles. How will this help with the development of the platform ?
Using the identity staking, staking users will win 10% of the profits. What about the person that made the prediction? What will they get?
I see the term market alpha on a lot of your documents and articles. What do you mean by that? Is it something related to the male alpha?))) like the best market, the leading market
What are the major differences between voting and predicting on Finance vote platform?
What are the major reasons why Finance vote decided on using a quadratic voting consensus system on the platform?
I see a feature on your platform That allow Users to Mint an Identity on Finace.vote, I’m not sure if this was available during your first AMA here..But at the moment this costs 100 $FVT which is less than a Dollar and With this Identity users can Vote in your Voting Markets.. with the cost of Minting an Identiy being so Cheap.. how will you avoid situations where users will create multiple Identities for multiple voting in your voting Markets as this will affect the integrity of the results… do you have mechanisms in place to checkmate this..
Recently you launched “The Chambers” as a place for collaborative research and development and you stated that the entry point is an NFT, that represents decentralised identity and gives users voting rights in the finance.vote ecosystem… What I don’t understand is how do users get this NFT, and with this NFT’s Representing Decentralized Identities how does it differ from Identities Minted in finance.vote
There are two functioning products in your network, auction.vote and the finance.vote vote markets… How do this two vote markets differ.. explain what kind of voting takes place on the auction.vote platform.. do they both use the same Identity or do users need to Mint seperate identity for both platforms
You are giving real governing power to investors which is really important. I see compound, link and aave in your examples on your website. Is this system works with top defi coins, or do you plan to add governing mechanisms to the new listed coins or even pre-sale defi projects?
The concept and governing power is really unique. Do you think you can also prevent scam projects with finance.vote?
What is the decentralized system that Finance.vote provides to improve the governance of cryptographic networks, participating in market discovery and socially coordinated trade? How do your tools differentiate a common governance from a structured governance by Finance.vote?
DeFi is still early. Highly asymmetric token distributions, voter apathy, and huge gaps between the technical knowledge of core teams and token holders create a context where genuine governance is at the surface level. How does Finance.vote address this current issue? What are the protocols that ensure fairness and equity with your governance model?
So far, what have been the milestones that Finance.vote has achieved in terms of building different governance for its partner projects? What is the greatest pride for you, which drives you to be better and better at the technical side of your project? Who are your partners?
How do I get the Finance.vote ID? I understand that those who manage to obtain this identification will receive an initial balance of 100 votes ($ V).
finance.vote provides market alpha, project validation tools and influence training for any project in Cripto, in this training that provides Finance. All users can participate or exist levels?
Users predict the future market order, which is compared to the market. Do users who participate in this preaching get some benefit especially apart from greater capacity of power in the vote?
finance.vote provides market alpha, project validation tools and
influence formation for any project in crypto. How do you make the project validation and influence formation?
“Trade with your enemies”. finance.vote aims to break the plutocracy in the voting systems that allows the longer holders the biggest power. Therefore you designed a system called The .vote consensus mechanism. Why did you decided to use miniDAOs? And how can an user adquire an “identity staking”?
You are introducing new vote market concepts into this project. One of them called my attention: Meme markets, “the most difficult market of all”. Is that so? How will this kind of voting enrich your blockchain governance?
Trough your partnership with Reef Finance you plan to explore the formation set baskets using your vote market data as a rebalancing mechanism. Reef Finance has been recently added into the Binance Launchpool. Will Finance Vote benefit from this achievement as partner in someway?
It says in your website that finance.vote can provide influence formation for any project in crypto. What kind of influence and trough what tools?
We had an AMA with Finance.vote here at Satoshi Club 2 months ago. Can you summarize what has happened since then? What is currently hot about your project, why are you back here now?
What will be the features of Reef DeFi that Finance Vote will take advantage of to improve your platform, after the partnership that has recently been established by both projects? Specifically what positive changes should users expect after this?
In an article in Medium you commented that in the near future you will launch a new .vote application that will revolutionize the AMAs. Exactly through which mechanisms will this application work, how will users be able to access it and when do you expect to launch it to the market?
In order to participate in the vote, the user must first mint an Identity NFT token. How much is $FVT for one identification token?Which wallet is better to use during minting and how to add Identity NFT to it? Is there a commission platforms or just gas charges?Is a decentralized identity token only needed to be eligible a vote,or will it have other functions?
For us to better understand the Tournaments, can you provide some details please: Who determines the identities to be voted, can a user propose an identity? How long is the tournament run for? What is the rule for winning? How is the reward distributed to winners?
The vast majority of DeFi projects have the full distribution of their tokens on their website, really why doesn’t FinanceVote have it? What is really the distribution of your $ V tokens and on which exchange platforms is it listed?
In any tournament or competition there are some patterns by which the participants are evaluated, and the one that meets with the highest total score, will be the champion, is it the same in the tournaments in FinanceVote? What are the parameters to evaluate, only the one with the most accurate prediction? and how many winners will there be in each tournament?
I understand that the main Winners are those who predict which currency will increase next week, right? But can only profit be made this way? and only in a temporary one week? And if it is not an accurate prediction, would I lose my capital?
Every once in a while something new is developed in DeFi, first there were the Dex exchanges, then the DAO system, then the NFT tokens and now miniDAO, what will surprise us for next year DeFi? What do you really think is the magnitude of DeFi, what is its limit according to Finance Vote?
When it refers that Finance Vote provides “influence training for any project in crypto”, is it referring to what gives it more influence in the “focused tournaments” allowing them to be better known? Or is it really a marketing training that you provide to the tokens associated with you?
really the governance by the community is recent, in spite of this, do you think that the number of validators is already totally congested? Do you think this is what is limiting the fact that there is so much discouragement in the voting and therefore there is not so much development in the DeFi projects?
The vast majority of DeFi projects that use DAO governance require that each of the participants in that community acquire a minimum of 1 ETH in their native tokens, if FinanceVote benefits minority holders, how much will be the minimum number of tokens necessary to vote? only 0.1 ETH?
I like that you say “huge gaps between the technical knowledge of core teams and token holders creates a context where genuine governance is surface level at best” which shows you’re thinking of newbies as well, how then can we trust your project validation tools, considering newbies gaps in technical knowledge? What projects have been validated with your validation tools? Does your platform actually aims to breach that gap in knowledge or just tools?
“Those with a finance.vote identity are given a starting balance of 100 voting power($V)”. How do we get a finance.vote identity? And the Voting power($V) can it be bought on Uniswap or anywhere?
Why does FinanceVote place emphasis on Second Layer Governance and what benefits does this governance bring to minority token holders in the network?
With the creation of token-specific miniDAOs, how can users direct the direction of their chosen networks and what is the role of miniDAOs in strengthening community governance?
Why does Finance.vote use a quadratic voting based floating consensus system and how does this system provide incentives for market predictions?
I believe that Finance.vote had already there first AMA here last October 24 and I think it was successful. So from the last AMA here until now can you tell us some of the latest updates that Finance.vote achieve beyond expectations? What is the fresh news from the Finance.vote platform that can shake and make us excited especially to the community? By the way, can you tell us some of the reason in taking second time of AMA here in Satoshi Club? Thanks for the time!
As new tokens flood the market, it becomes increasingly difficult to keep up with new technological developments and filter quality products from scams. Finance.vote provides market alpha, project validation tools and influence formation for any project in crypto. I agree that because of a lot of new tokens being launch in the market, we really don’t know what to trust and what to invest however there are tokens just live a days or weeks pumping in the market then suddenly dump and sometimes it disappear. So , can you tell us how does market alpha of Finance.vote being utilized and works in the market to prevent scam project? What tools being used for project validation especially for the new project to avoid scams project? Can you share some real situation that this tools being used by Finance.vote? Thank you!
What is the importance of the new voting system created to gradually spread away from the referee for the Finance vote ecosystem and how is it different from other voting types?
How do users predict future market orders matched by market, and how will the results affect participating users’ higher voting power and greater share of the prize pool from the tournament?
How is the 100V voting power given to those with a Finance Vote identity obtained and how do users mediate to create a new market order by using their V $ in voting?
Please explain to us what are the advantages of quadratic voting in your project? Why do people have to buy votes and what is the max. number of votes that someone can buy?
Last time you talked about the fact that users of your platform study the market and have the opportunity to take part in the financial.vote forecasting tournament.
They were allowed to vote on coins that they thought would perform well next week.
What has changed now? The information on your site has not been changed. But maybe you added some more items, ready-made lists of coins, rewards?
I noticed that you often run various drops and promotions for your users, where you can get a certain amount of $ FVT as a prize. It was always interesting how the winners are determined: are they chosen in order and those who completed all the conditions faster or are chosen randomly? Can the prize itself ($ FVT) be used by the winner at his own discretion, or does the won token have some kind of competitive use?
Your specially issued decentralized identification tokens will be issued to organizations that audit smart contracts and highly qualified engineers. What is this token, it won’t be $ FVT? What will be its purpose and how will the auditing companies apply it and most importantly where?
I see that your first dApp suite will be launching soon, so can you please share to us what feature do you have in your dApp? Is it possible to making vote in there?
As i see, everyone could easily mint an identity on your site just by paying 100 FVT(about 0.001 ETH currently), as well as those identities could be bought on a marketplace, so many of a such identities as someone wants. In other words, any qty of voting power is a subject of purchase, it’s just a matter of money those someone can afford to spend. So, how can it stop bad guys? For example, if a scammer has in the mind to scam people for a couple millions usd, what can restrict him from purchasing a voting power worth of just a couple ETH and create a fake positive image in this way?
I read that Finance Vote currently held an event Tournament that possible to win prize 100.000 $FVT/$650 USD every week just “by voting in assets from the cryptospace”. But to voting, there is a requirement for user to mint identity, can you please explain how to mint identity? Any guide about this?
We can get 1 NFT with pay 100 $FYT and then its possible to make it unique by give them more detail as we like, is it same with avatar? I mean in social media or bigo we can edit out avatar and give them dress or accessories, its like that? Do we possible to create more NFT by paying more? For example I have 500 $FYT so that mean I can have 5 NFT?
Lots of new Defi projects have this prediction for top Coins performers tournament like Finance.vote are offering. Obcourse you will say that yours is better, but what do you think is the most unique, edge or advantage of your tournament to other platforms?
Semantic Ballot Voting is a new kind of voting system designed specifically for finance.vote. This is something that makes your platform unique from other right? What is this Semantic Ballot Voting is all about, and what is its difference from regular voting system existing today?
As I remember, you already did an AMA with Satoshi Club before. It’s good to see you back again which means you think positive and appreciate the Satoshi Club community. Is there any significant events that will unfold that you will share today to the community?
As cryptocurrency becomes mainstream, communities need assurances that their investment of value into this new technology are protected. So how FINANCE.VOTE gonna do this protection? And how will your platform solve some problems that Cryptospace is facing nowadays like hacking, attacks on exchanges, etc.?