We are pleased to announce our next AMA on December 22nd 2020 at 01:00 PM UTC Time: Satoshi Club x Rizen Coin
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Rizen Coin Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Rizen Coin Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Rizen Coin
For more details:
Rizen Coin – @coinrizen
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
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 ?
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
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?
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?
What are the plans to educate and raise awareness and adoption among the community to make more people understand about the project easily?
There is a 1% holding reward, is that holding reward across all the CEX platform that Rizen coin is going to list on? And what CEX platforms would we be able to trade Rizen Coin in the near future?
According to the Rizen Coin token info 17% of the token will be burned? Beyond that 17% would any other token be burned? And burning staked token for unstaking isn’t that a bit harsh for stakers?
Rizen token is both inflationary and deflationary, who decides or what protocol is used to determine when the token is to be inflated or deflated? Is the governance community based or your team decides everything that happens?
What are the rewards that Rizen coin offers for gambling and retaining my assets for a week? By including the liquidity test + transaction test + participation test, how does this contribute to the improvement of the platform’s rewards?
Rizen has a built-in wagering feature whereby bettors block their token forever and get a 1% reward from each transaction. This model can be reversed any time I decide to withdraw my assets? Will this 1% increase in the future? In addition to that trading fee, will you have other benefits during the blocking my assets?
Rizen coin has a decentralized loan system. Many of the projects dedicated to these purposes guarantee most of the benefits to the lenders, and forget about the borrower. At rizen coin, this reality changes? What are the benefits, amenities and payment facilities offered to the borrower?
I’m fascinated by Rizen Coin’s idea of instant rewards. In a way, when I think about instant rewards, my mind almost immediately wanders to XIO’s proposed flash staking mechanism and still I feel I can’t really wrap my head around this kind of design/implementation. Could please explain in more detail how are these instant rewards distributed to stakers? And how does the “instant” concept reward cope with the “lifetime” (I suppose “gradual”) passive rewards that the Rizen ecosystem offers to its users/investors?
In a recent article, when asked “how does Rizen Coin deal with price volatility?”, you replied stating that the Rizen devs implemented algorithms capable of triggering & accommodating proper supply inflation & deflation, which in turn are tied to a target price. This mechanism is supposed to mitigate the effects of price dumps & pumps.
I find this statement very generic and, honestly, a bit ambiguous. Could you please go into more detail explaining how this ingrained price stability system works, what are its components and if we can draw any parallels/differences to other existing projects that pivot on target price stability as a core feature (e.g. Ampleforth or others)?
What are the advantages of Rizen’s having both a deflationary and an inflationary model and supply, and how does distributed mechanism contribute to its uses?
How is the Rizen infrastructure secured with Ethereum’s smart contract and how are distributions between stakers and farmers fair and fast?
According to your roadmap, planned for Q3 2021 is the launch of Rizen Coin’s E-Commerce platform. Although there have been some (few) projects whose primary product and objective were tied to e-commerce as a core product, I can’t deny I found it quite curious to read the words “e-commerce” on a crypto project whose main line of products seems more DeFi related – that is, leaning more towards financial services. Therefore could you please shed some light on Rizen Coin’s E-commerce platform? How are you going to design it and which features and perks will it offer?
Have you ever implemented a buyback program or will you implement it in the future, and how much of the token supply do you intend to burn with this method?
What are the requirements for Rizen Coin staking? What are the daily returns? Is there any lock-period for withdrawing my asset?
As we all know, scalability issues, with skyrocketing Ethereum network fees and slow platform performance, which leave users disappointed. Why did Rizen coin choose ERC20 infrastructure and how can you handle this problem ?
Without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project?
– In order to staking my Rizen Coin it is mandatory to do it from the Mobile app? Or is it possible to stagnate directly from the website from my PC?
– There is something very curious and that is that when I do an unstaking in Rizen, my tokens will be burned. So can you explain to me how I can make a profit while staking?
– With Rizen Swap you can swap any token or you can just buy and sell Rizen Coin?
On your White paper I see that RZN can be used for the following
***Stаrtіng аnd раrtісіраtіng іn сuѕtоm pools
***borrowing аnd lіԛuіdіtу рооlѕ
***Pаrtісіраtіng іn Swapping.
***Stаrtіng a Stаkіng рооl
What features can users customize for custom pools and staking pools on your platform… if a user intends to create a Custom staking pool what requirements must they meet up with and how can they go about it..
RIZEN is Building a platform that will yield lifetime passive reward to stakers generated from fee of every transaction that happen in the network…and this is implemented by a combination of proof of liquidity, proof of transaction and proof of stake… how do these three Consensus algorithms combine in the RIZEN ecosystem, and at what points are they individually implemented within your platform
Unstaking on your Platform is Charged 100% fee which means if users Unstake their assets they are left with only their rewards as all their Staked assets will be charged as Fees this will only make sense if the rewards are attractive enough to ensure users continue to stake their assets… will there ever be a point when this fee will be reduced and how can you guarantee new users that your rewards system is stable and attractive enough that the thought of losing all their staked assets while unstaking them does not scare them away…
One of the best feature of Rizen Coin is having an insurance serve as the best way to cover risk in your platform. So can you tell us more about the insurance that your platform offered? What are the benefits that we can get with this insurance in your platform? What cas or risk covered when availing an insurance? How trusted is this insurance? Thank you
cas is for case
Sorry wrong word..I cannot edit it
According to your website that You can’t unstake your tokens. If you unstake, you will loss all of your staked tokens. So, never unstake. Staking gives you peace for lifetime. Can you explain more about this? I think this stake offering is some kind of unique and not so favor to users why does we can’t stake and loss all staking when unstake? What if there is unexpected things happen in the future in your platform so the staking money will be forfeited? How will investors be convinced with this feature in stake? Can you tell me some of the pros with this staking service that can make people choose to stake in your platform?
How did the birth of the Rizencoin idea come about when the finance platform was needed and how was it designed to encourage shareholders and farmers for life?
Why did you choose a system based on algorithms that trigger supply inflation and deflation according to target price instead of creating probability that could result in high price and dumping?
What kind of balance do you aim to achieve between price, demand, and supply, and what system do you implement to create a new block in decentralized finance?
There is really very little information regarding the influence of the community on this Rizen project, so what is its importance for this project? will they have governance completely in their hands?
In your series of articles “Comparing RIZEN with other DeFi Projects” in Part 1 you mention that the $RZN token will have a low supply of 10,000, however in the next article, Part 2, you mention that it will be 5000. What is the final supply? Or will the other 5000 tokens be released later?
In the description of the coin they indicate that 60% of team tokens will be burned, but will these be the only ones burned? Or in addition to this, will they carry out special burnout events to increase demand?
Your documentation does not contain any information about the Rizen Coin team. How long will you remain anonymous? Or will this be permanent?
There are many projects that seek to mitigate the volatility of the tokens, and they achieve it in multiple ways, but none of them have been able to add to it, achieve a Swap with rates of almost 0, how does Rizen manage to provide all these benefits to users without any inconvenience?
You say that if a failure occurs in the ecosystem the only person responsible would be Ethereum, but is that really true? So why many other projects that are part of eth suffer from multiple problems that are continuously solved? Or already all Rizen algorithms are fully audited and therefore it is IMPOSSIBLE for them to fail?
I understand that in Q1 2021 they will expand the network and launch their own Swap, and that they will also carry out a 2nd marketing campaign, but what will that campaign consist of? Will you hold a giveaway and competitions with rewards?
the weekly retention reward of 1% is the amount of the total capital of each user? and will it be deposited directly into any wallet, be it Cex or Dex? or only for liquidity?
really one of the benefits of DeFi and blockchains is their ability to provide security to their users, being Rizen a DeFi platform, why is it required to complete a recap chat to access your website? without it would be unsafe for the page?
Rizen Coin promises “lifetime rewards”. Is this accessible to any user who blocks their token on staking regardless of the amount? Or is there a minimum amount to unblock these “lifetime rewards”?
You talk about a “1% weekly retention reward”, what does that mean? 1% of what? of the amount staked, or of what really?
Rizen Coin plans to make a difference in the DeFi ecosystem and one of the ways I can think of to achieve this is by making their project Easy to understand… So, how is your platform in terms of usability? Can it be handled by beginners?
I generally use uniswap liquidity as well as other farming site’s. I faces this many times a bad problem after farming started, price goes down for lp users unstake liquidity into the farm! Rizencoin does have bonus reward to hold but not only farming?
Do you have any future investment program that can a non-crypto investors likely to be focus on rizencoin & invest?
What makes you believe that your project is worth choosing by a crypto investors? Why investors trust on Rizencoin bcs u can exit scam. Is their any trust point?
What problems is likely to be solve by Rizen coin? What’s your marketing strategy in getting your project known and What has been your biggest challenge before launching Rizencoin to the crypto community?
Just see your project Rizencoin, can u tell me why did u created this project & how u getting profits with Rizencoin? My last question is I didn’t participated your liquidity mining in uniswap! Why should i participate? Is there any benefits for me to join in liquidity or for holding your tokens?
Stakers lock token forever which a one way to reduce circulating supply. So staking RZN right now is not lucrative as the platform is not yet popular and the profit is not that huge. How will you entice holders to stake their tokens and loss it forever with a market like this?
You already burned 60% of team tokens + 50% from marketing? Can you explain the reason behind burning tokens from marketing too. Will it be more useful if it was use to promotional events of Rizen Coin?
There is a question I want to ask regarding your staking matter. When i try to unstake RZN token, it will be burn for 100%. So why did you give ‘unstake’ button if the user still can’t receive their staking token?
Rizen Coin is the first experimental community driven defi project. I think many of defi projects are technically community driven because they are governance tokens. What features that makes RZN token more valuable than those governance tokens?
I am watching you project but I didn’t see any good partnerships. Which types of Industries & userbase your project is mainly focusing on? Do you have any plan to establish partnerships with local cryptocurrency developers in each country to make the use of this token more global?
Usually stake and mining project have big weakness and that are a problem of huge price volatility and farming is not sustainable since all farmer only will sell. How is rizen coin manage about this problem?
Rizen also have swab feature. What is the special benefit that rizen swab have that others swab project dont have ? Is it only to swab RZN token or do we possible to swab other token
?
A credit system with standard processes and competitive prices? What exactly will distinguish you from other borrowing projects offered to us? Possibility to adjust credit conditions, low interest on the loan or maybe there is no collateral?
Stake your RZN token and receive a reward of 1% on every transaction or purchase / sale! Amount of remuneration 1% – is it a fixed rate or can the% change as the total volume of purchases / sales changes?
Your Rizen Coin Mobile App has a lot of useful features for users:
– Place a bet on your tokens
– Send / receive fund
– Make a payment
– Swap
– Borrow money
– Get flash credit
But I couldn’t find where to download it! Where is the mobile application currently available and is it fully ready for use?
I see mentions of several centralized exchanges and Uniswap in the roadmap, as well as plans for listing on an exchange from the top 10 CMC. Would this spread of liquidity hurt the price? You have a very small total supply and on a large exchange there may simply not be enough in order to avoid delisting. How do you now assess the position of the coin on the exchanges? Do you still have ambitions for a large exchange?