We are pleased to announce our next AMA on December 21st 2020 at 12:00 PM UTC Time: Satoshi Club x Peanut Project
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Peanut Project Telegram group
We will have the following structure:
Part 1: 150$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Peanut Project Team will select 10 questions and answer them.
Part 3: 700$ – A quiz about Peanut Project
For more details:
Peanut Project – @peanuttrade
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Om mani padme hum
Be healthy be happy be vegetarian
“Instant balancing – When large trades are placed on Uniswap, the Peanut pool automatically makes a corresponding trade on CEX or other DEXs. Since the Peanut pool is already connected to these platforms, orders are executed super fast.”
How many CEX and DEX does peanut has partnership with ? What’s the expected volume of txn that the system is designed to handle ?
since uniswap is goliath among the DEXs with a market share of about 64%, what’s the strategy that peanut will use to convert more users to use peanut ? what other marketing plan or incentive is in the pipeline ?
What’s the typical gas usage for a single swap txn on peanut and how’s it compared to uniswap ?
It’s fantastic that you are interested in solving the problem of slippage and Impermanent Loss suffered by liquidity providers by ensuring that only 90% of liquidity goes to Uniswap and 10% go to Peanut protocol to serve as a price balancer. This balancing pool is to be used for an automatic price balancing between DEXs and CEXs. At what point is the transaction within the balancing pool initiated? Also, what is the guarantee that after this transaction, there will be sufficient clearing income generated to dampen the effects of the price movement from large DEXs trades which usually lead to this Impermanent Loss?
You have earmarked 6 million $NUX token to be airdropped for holders of $REM and another 4 million $NUX is expected to be shared among all Guardian of REMchain? Who are these Guardian of REMchain? What is the relationship between peanut $NUX and $REM? Are they thesame project? In addition, how are you prepared to tackle a case of “dump” with this large number of $NUX set aside of for aidrop?
You have kick off your utility token $NUX presale. However, I noticed that you have set a personal limit of 200 ETH per individual. Some other projects would have wanted investors to bring in money as much as possible during pre-sale in order to have enough to kick start and sustain project. What informed this personal cap? Also, you decided to lock all pre-sale token for 25 months? Do you see this as a fair treatment of investors who join presale? What premeditated this and what are you trying to acheive with this approach?
In your article it says “NUX performs a similar function as gas for balancing algorithms”. I can’t understand it. Would you mind to explain it ?
In Medium post you published all informations how NUX tokens will be locked and how they be unlocked during 25 months period.
If a LP wants to use 100% of his NUX tokens (let’s say) in January 2021 for running a price balancer tool… how this will be possible if 96% of tokens still be locked? So how this mechanism will work?
What’s the connection between Remme and Peanut and how both projects will be maintained simultaneously ?
Do you intend to expand the coverage to other types of trading in the future? Many forex? Or other areas in which slippages appear quite often?
Based on the information you provide, all actions are performed on a smart contract level. Isn’t this a bit slow? Especially when the network is overcrowded and bottlenecks appear, how can you work fast? Lattency is essential in what you’re trying to do.
What is Peanut’s role and position among the existing AMM’s? Are the Peanut protocols collaborated with existing AMM’s or built to replace it?
Your competitors like Mooniswap, Dodo, Bancor have proven their performance each with a liquidity of $ 5-80 million. How can we be sure the Peanut protocol is a better way? where can we see concrete evidence of this protocol?
Why did you need to build your project on a blockchain infrstructure? What are the advantages and unique functionalities that the blockchain provides, because from where I see it – it would have worked better with a “classical” tech solution?
What are the ways that your project generates profit / revenue to sustain your project and what is its revenue model? How can it be mutually beneficial for both the investor and your project?
What is your strategy for building a strong community? Do you agree that the strength of the community will lead your project to grow globally? What services do you provide to the community?
What is your development direction on decentralized finance (DeFi)? While they are still there, what are their prospects for the future of cryptocurrencies? What can you do to continue increasing adoption?
Cooperation seems very important. How’s your partner’s status like? Can you share some of the partnerships you have recently had?
You can give a brief explanation of the top milestones your team sets a goal to accomplish by the end of the year or will work on in the future, how successful they will be, and how your project can look like in 2021 and beyond?
How does your project handle government regulations and boundaries? And what mechanisms / strategies do you use to keep users motivated and presented on your platform? What guarantees or promises can your platform make about user security and privacy?
How does your project encourage users to join the network? I mean, why is your coin selection a good choice out of the hundreds of coins currently in existence? Also, what are the specific problems your project wants to address in the ecosystem?
Each project has interesting stories before it was created. So can you tell people the story that gave you the motivation to build and develop a great project like this? And what is the significance of this project?
Many projects are only on paper, drawing cakes have been drawn but no actual products. As an investor, I need quality projects. What do you guys think about this? What achievements will you convince investors?
⭐With Defi’s current popularity, let’s get investors deep into the world of crypto. and as we all know, building Defi takes a lot of capital. Can you tell a little bit about the origin of your project?
When talking about the DeFi space, people immediately think of specific terms such as lending, derivatives, stablecoins, users’ credit scores, and smart contract-based asset management. What specific DeFi product are you offering or are you offering them all?
DeFi is so popular that many platforms are competing with each other … as blockchain projects begin to build protocols & applications to support DeFi. So, what is your strategy to attract new users in the DeFi world?
Currently, the DEFI market is becoming the trend and focus of investors and from there startups also tend to tend to DEFI more. First of all, what do you think about this? And how do you compete with other DEFI projects, what specific differences can you elaborate on?
What guarantees your project will not scam investors? There have been a lot of projects coming and defrauding investors, so how can you gain the confidence of investors?
Where does the project name come from? What does it mean for you and why did you choose that name for your project?
Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term?
I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities ?
How will your project generate profits / income to sustain your project and what is the revenue model?
How will it benefit your investors and your project?
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
As a community based project, how can I donate my quota for your success? Do you have a Global Ambassador Program or a Referral Rewards System?
Thanks
For beginners can you please tell us How to Pick the Right Exchange for trading? How to optimize profit?
Scammers are a big concern these days in the cryptocurrency world. They try to confuse the less experienced investors to send their money to the wrong addresses. How is Peanut Finance dealing with this issue? Do you have an official channel to sell in pre-sale? Please aware to all of us in this AMA how to buy safely.
In your Two part Pool system you stated on your website that 10% of Liquidity assets goes to an agent to be used for automatic price balancing between DEXs and CEXs..and in your article it is stated that the two Part pool is used on two levels;
Level 1 — ETH account for onchain operations on DEXs and
Level 2 — account on CEXs where the token being bought or sold is tradable.
Who or what is this agent, and since the price balancing has to do with execution of corresponding trades on CEX and DEX how do you manage the CEX aspect of this knowing that operating and owning a CEX account is different from A DEX account…
On your website you stated that users can
Earn from arbitrage operations with your liquidity on top of LP commision….. Can you explain more about this.. what do users need to do to earn from your arbitrage operations and what do they actually get in return
Peanut is said to be Using a set of smart contracts and advanced analytical algorithms to significantly increase the velocity of transactions what smarts contracts and algorithms are this How do the algorithms work…will these smart contracts exist only on the Ethereum network or will there be a point when other Chains will be considered in Peanut considering how fast DEX operations are also growing on other Chains such as BSC.. this question also goes to all other operations of Peanut’s platform
Studying your project, I found that on December 22, 2020 you are planning to start the NUX pre-sale. Please share the details of this momentous event.
I was interested in the opportunity to make money on arbitrage operations. What is this cross-exchange arbitrage? And how can I make money on it?
May i know how does Peanut Project rise their token NUX value? Do the Peanut token holder share in profits?
After I purchase NUX token from presale, they will be locked directly for 25 month? And every month the token will open 4%? Why did you use this method? Because not all investor can be patient to wait for 25 month
“When large buy/sell orders are placed, the Peanut pool automatically and simultaneously makes a corresponding trade on two levels i.e. on other DEXs and CEXs”. Peanut are talking about large buy/sell orders here, what about the small ones? How will you execute the transaction of the small buy/sell orders?
With Peanut, the 10% of assets goes to an agent to be used for automatic price balancing between DEXs and CEXs. Who are these agents and how can someone be included or apply to be part of this Peanut program?
– It is interesting to see how with less than 50 tweets Peanut Project has more than 15k followers. My question is, are these real followers supporting the project or did you decide to make a Followers purchase? Why is there not much interaction on twitter?
– In practice, what does it mean for Peanut Project to have a 30 bps AMM? What are the benefits of this feature and can you tell us a little more about it?
– I’ve already seen several pools that have $NUX, but they’re barely in the pre-sale, my question is, are they pre-sale that way in the pools? Or are they fake tokens?
Is Peanut only designed to tackle the problem of impermanent loss? What about the annoying problem of unstable gas fees of DEXes, one reason that some users are not a fan of the DEXes. Are you gonna do something to ease this burden of the DEX users?
I understand that Peanut protects LPs from impermanent losses … Can you tell me what is your strategy to achieve this and what do you achieve by doing this?
How sure can you be that Peanut can automate the profit increase to see my invested funds generating passive income? Can you explain more to me?
With my Peanut tokens I understand that by providing additional liquidity in a new or existing group in uniswap or curve I can be rewarded with NUX tokens but I want to know what I can do with these tokens and why did not decide to give the rewards in the same Peanut token? also do you have a guide to guide new users?
Peanut’s algorithms won’t be able to conduct operations with the user’s liquidity without a deposit of NUX token to Peanut Liquidity. Why do you need some liquidity depositors and not provide token for liquidity at first? So can you explain to us how we can acquire with Peanut Trade? If I will deposit NUX token in Peanut Liquidity, what are the benefits I may get? Is there any locked-in program of deposited NUX token with Peanut Liquidity? Thank you
Impermanent loss is one of the problem of liquidity providers nowadays especially for small liquidity providers. So can you tell us in simple way how will Peanut Trade helps solve this problem? Can anyone become a Liquidity provider for Peanut Trade?
can you tell me how peanut price balancer increases LP revenue? What strategy do they use?
I like farming and staking, it seems like an interesting way to invest my money to generate passive income but lately many projects do the same and it is difficult to choose a project in which to invest, so can you tell me what are the points in which PEANUT gets advantage of its competitors and what are its features that differentiate it from other agricultural projects?
Lately many projects that seem to be very promising and in the end they throw the carpet and become a big scam which makes investors lose their money including me and generating distrust for their next investments so can you tell me how we can ensure that PEANUT will not do this later to complete its presale? Can you give me some points?
I can’t see any website for peanut but I only get information in your Medium article and in your Twitter and Telegram account. So can you tell us if you have some link of your website or are you still in the midst of developing it?Presale and public sale is coming for Peanut, how and when does your whitepaper and roadmap will be available in public? Thank you!
What attractiveness did peanut display so that users and investors were sure they could survive this project. And How does peanut maintain a balance between developing technology and increasing the value of your token?
Community support is an important factor in the development of a project. How do you convince the community to always faithfully support peanut products and its ecosystem, what programs do you offer to the community?
Project tokens plummeted in price, causing many losses for investors. With the peanut token, what will you do to make your project stable and provide the highest return for investors in the long term?
Referring to Peanut’s assets you say the following: “90% is used to provide liquidity in Uniswap or other DEX. 10% goes to an agent that will be used for automatic price balancing between DEX and CEX”. My question is this: Will this percentage be fixed, or will it change based on the results obtained when everything is working?
You say that Peanut’s hybrid system monitors the trading operations on the main DEX and CEX platforms. Can you mention these exchanges that you will be monitoring? I’d also like to know what the new DEX or CEX requirements should be so that you can take them into account.
You mention that “any potential price movement of large DEX trades can be immediately damped by matching it on the CEX, protecting LPs from slippage”… But can’t very long movements in one direction exhaust this price cushioning capacity? Is it impossible for peanuts to stagnate?
One of Peanut’s objectives is to “Automate profit increase”. I wonder: How much can this feature increase the APY of our investments?
What is the relationship between NUX and REM? Why do people need to hold REM in order to participate in the airdrop and get bonuses?
I read you have an Airdrop get NUX token if we hold REMME token. What is the relationship between two of them, is REMME token your previous project?
Well its only my opinion whitepaper is one important thing for a project so people can now better about your project, but why you choose to not have a whitepaper? Do you have plan to create one in the future?
By dampening price volatility, you limit the loss of LP profits, but in the opposite scenario, with favorable movements in favor of the token in question, wouldn’t you also limit a considerable increase in the percentage of profits?
Paenut is convinced that it solves the problem of slippage in the DEX and provides more profit … However, without going into technical issues, I would rather ask if this mechanism has been tested or has been put to the test for a while, or is everything still in an experimental phase?
How is Peanut planning to keep their utility token $NUX self-sustainable and stable in time? Btw, I was trying to get more details but didn’t find a whitepaper, do you have one?
There’s 10M $NUX for community, partnerships or incentivizing. Please tell us how do you plan to incentivize your community. Is it mandatory to be a holder to get profits of $NUX?
Peanut is a hybrid system that combines elements with CEX and DEX. You will of course tell us about what good you got from each of them. But really you didn’t have to take something bad that you can’t do without? There must be a fly in the ointment Is there something you really didn’t want to add to Peanut but had to for some reason?
I learned that the project team is from Ukraine. How do you assess the development of DeFi in this small but proud country and in the developing countries of the world? Are there plans to devote a little time to the educational program? And how loyal do you think the legislation is to the development of the cryptoindustry?
One day left before the start of the pre-sale. What moods prevail in society? Are you sure everything will be gone in a matter of minutes, or are there any little things? Will the collected million dollars be enough for the further development of the project? You promise to add 20% to the exchanges to provide liquidity, but is that enough to provide liquidity?
There is a paragraph in your Medium article “The Future of Liquidity Provision Ain’t Nothin’ But a Peanut”,which says: “In order to add liquidity to the Peanut pool, users will need to deposit some NUX tokens. Otherwise, Peanut’s algorithms won’t be able to conduct operations with the user’s liquidity.” Does it mean I should always hold NUX tokens to have the rights to use your protocol? If so, how much I must hold in my wallet? Also, another question begs – does your system charges fees for using protocol by users?
You said in your website: “when large trades are placed on Uniswap, the Peanut pool automatically makes a corresponding trade on CEX or other DEXs. Since the Peanut pool is already connected to these platforms, orders are executed super fast” I guess you are connected trough API, how can you guarantee that the API connection will never fail?
“10% of all earned crypto will be used for a NUX buyback on a monthly basis” what will you do with those tokens?, will them be burned?
On December 22nd, the pre-sale process will begin 4000000 $ NUX, which will have an estimated time of only 7 days, if they are not sold in full, they will simply be offered for public sale, right? But in the event that it is not even sold half of them, would they have thought to make a second and third presale? Wouldn’t this be beneficial for you?
I understand that the Peanut AMM has a hybrid system that takes advantage of the best elements of Dex and Cex, which makes it dependent on the Cex platforms where its NUX tokens are listed, right? In case those few Cex platforms are hacked occasionally the complete chaos of Peanut’s operation? Or do you have a plan in case this happens for a certain time?
For many, centralization is really a problem in the financial world, so all projects seek to create the necessary tools to establish only Dex finances, if so, is Cex really a problem for Peanut? Because if you really need the Cex that works with automatic equilibrium in prices, then you are totally dependent on it, right?
I understand that the tokens will be unlocked in equal parts in the next 25 months, but will this not really affect directly the value of the NUX tokens in the market, through the continuous increase in supply in each unlock?
in their official telegram Peanut group they say that “All the tokens listed with the NUX name are a scam and have nothing related to our product”, if that is true, because on their website it shows that their native tokens is NUX? or is that really not their official website? really what are the scams that they have found and alert us?
If really the contracts and exchanges made in DeFi are totally without confidence but totally safe, why in Peanut there are these reduced risk of non-permanent loss? are these found on all platforms or just this one? And what work does Peanut do to minimize it?
Peanut project will conduct a PreSale, that will start on December, 22 – 3PM (UTC). What are we going to expect about the presale? Is there anything special about it? What is the exciting part on your presale?
How does Peanut protect LPs from permanent losses against the risk of manipulation and volatility against the reduction of price movement from large DEX trades with the asset in CEX?
How smart contracts come into play to automatically balance prices after each transaction, and this role
How does it automate the increase in Profits by increasing passive income?
What are your incentives for users who want to keep Peanut tokens on the long-term promise and can we earn NUX tokens by putting additional liquidity into a new or existing pool on platforms such as Uniswap, Curve?
You say that the smart contracts automatically ballances the prices after each trade. Can you tell me more about how this works? Do you have a pool for this?
Did you have a pilot project or some tests that can show us how efficient your arbitrage method is?
What are the benefits of the TGE Waitlist, if we enter Email?
How do you solve the problem of impermanent losses? This is important because this problem is present in all liquidity pools and is very molesting when deciding whether there will be more income in this pool than losses.
Why with PreSale, is there no private sale plan?
How do I participate in the Pre sale?
is there a referral system if we invite friends to get a few percent
In your medium article,UNISWAP was the case study, did you do research on other DEXes? If yes, were there similarities in the obtained results? If no, why not?
Peanut minimizes slippage on a DEX like UNISWAP by comparing prices there to the prices on other DEXes and CEXes, does it randomly choose a DEX or CEX to use, or it takes the aggregate or average of the prices on many DEXes and CEXes? What is the selection process?
A simple question, Why did you choose to make your pre-sale supply 4000000? Or is it random?
Add extra liquidity to a new or existing pool on Uniswap or Curve and get rewarded with NUX tokens.
How can I then use this token? Will I be able to sell or hold it to generate any passive income?
Peanut divide assets in two.
90% is used to provide liquidity on Uniswap or other DEX.
10% goes to the agent, which will be used to automatically equalize prices between DEX and CEX.
Who is this agent? What criteria will you consider?
Peanuts are a very valuable and useful crop, but at the same time they are just an annual plant. So why Peanut?
What are the killer features of Your Project ? ? What is the vision and goals Your project wants to achieve in 2020 ?
Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress?
According to your medium, the title is How to Turn Uniswap Slippage into Profit for Liquidity Providers, there you explain how losses turn into income. This is very interesting. How could that be? I’ve never heard of anything like this anywhere else. Can you please explain how it works
How much does it cost to make an exchange on a peanut? And is there a minimum amount limit for exchange tokens?
When there is a lot of activity in the ETH network, commissions increase. How is the cost of moving funds between DEX and CEX resolved? These commission costs are covered by what revenue?
Most CEX requires KYC. How is this issue directly related to the law on money laundering resolved? For example, funds from incognito via dex are transferred to CEX and returned in a different currency. This can serve as a block if there is no person from whom the transaction is made.
Do you have a plan to attract non-crypto investors to $PEANUT and how? What actions to raise awareness about $PEANUT in the non-crypto space especially for new users?
Instant balancing – When large trades are placed on Uniswap, the Peanut pool automatically makes a corresponding trade on CEX or other DEXs. Since the Peanut pool is already connected to these platforms, orders are executed super fast.”
How many CEX and DEX does peanut has partnership with ? What’s the expected volume of txn that the system is designed to handle ?
You have earmarked 6 million $NUX token to be airdropped for holders of $REM and another 4 million $NUX is expected to be shared among all Guardian of REMchain? Who are these Guardian of REMchain? What is the relationship between peanut $NUX and $REM? Are they thesame project? In addition, how are you prepared to tackle a case of “dump” with this large number of $NUX set aside of for aidrop?
Many projects are only on paper, drawing cakes have been drawn but no actual products. As an investor, I need quality projects. What do you guys think about this? What achievements will you convince investors?
One of the product you offer is Liquid staking which allow your protocol to issue on-chain token derivative representation of participant’s staked digital asset for various blockchains by giving them a derivative token to trade in the interim as their assets are frozen. What on-chain token derivative do you issue on staked assets?
Once the product is developed, one of the main challenges seems to be adoption. What are some of the plans to stimulate adoption and build out the ecosystem around Tosdis?
The connection between CEX and DEX through an intermediary is a wonderful project. But what if they had to suffer from one side’s influence on the Peanut Project that made it unbalanced and sometimes the impact from both sides? You can comment to solve this.
Does Peanut project have a relationship with REMME? And what is the benefit of REMME with PEANUT Project?