We are pleased to announce our next AMA on December 22nd 2020 at 06:00 PM UTC Time: Satoshi Club x Prophecy
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Prophecy Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Prophecy Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Prophecy
For more details:
Prophecy – @prophecyproject
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Prophet Yield Pools are an innovation on existing yield pool structures, with up to an 80% chance of winning at the pool’s closure. How is it sustainable having such rewarding programs? What allows you to have that% of winnings?
In the future, users will be able to start their own pools with Prophet Yield Pools, how can a user create a pool and how do you ensure it is legit and funded?
Can you tell us some of the latest achievements made by the Prophecy & can you describe in detail the current development efforts, such as market expansion plans & new upcoming program of events?
According to your Roadmap, Prophecy will launch Staking (v2) in Q1 2021. Can you share with us how it will work and develop Prophecy to the next level?
You’ve decided, as a team to remain anonymous. Just like any decision, this one has pros and cons. The reverse of the medal is that anonymity always tacitly brings up trust concerns. I’m not trying to critique or challenge your choice, but I’m curious on how can the Prophecy team make up for anonymity – especially given the need for safety and security as the numbers of rug pulls and scams keep rising each day.
Also, I’ve read one of your recent interviews and your CMO Apollo claimed to have worked within “Top 100 projects”. Could you please name at least two or three among these to reassure the crowd of those who might be potentially interested?
Whenever users enter any prophet pool, $PRY tokens are bought from UniSwap on the back-end and that’s one of the advantages that you’re marketing about the Prophecy Project: the fact that this mechanism – via boosted token velocity and increased volume – will contribute to the appreciation $PRY.
But I’d like to take a step forward from there: how will these $PRYs that have been bought back be utilized/employed? Will they be algorithmically locked?
According to your website a Randomization engine announces the results of Prophet pools… the question is how do you ensure that this Randomization engine does indeed generate the results randomly in an unbiased way that the community can trust and verify as being fair and truly random
What’s with all the names you’ve chosen for this new venture? As we all know, the project name itself is “Prophecy”, while you’ve all gone for Greek Mythology deities. Do you have a penchant for ancient religions & Greek gods or maybe there’s a more charged, intrinsic, vision-related meaning behind the (cool) choice of these names?
In-between one of your articles a mention was made of some updates coming up one of which is “custom games” for those who regularly and actively engage with Prophecy… so are you planning to build a platform where users can indeed create their own custom games or what.. and in terms of activity what kinds of activities must a community user perform before being able to create their own custom games with this update and will this be an entirely different product…
In no distant time, prophecy will be engaging a novel economic consensus engine known as PoCD (or Proof-of-Committed Decay) engine, which according to you will create a monetary environment that stimulates open market demand to combat value depreciation… Can you explain what the make up of this Economic consensus of yours is, how it will work and how you intend to combat value depreciation with it..
Your project seems unique in the way it is named and the way the project team address themselves. From your Telegram community, I see that some of the project team members answer names such as Ares (Greek god of courage), Chronos (Greek god of time), Apollos (Greek god for all things) and Hermes (Greek god of trade and wealth). How do you come about the name PROPHECY? Why do the team have special interest in Greek myth? Is there any spiritual inspiration for your project?
I want to ask about long term supporters. That you care or not about them or not. To be clear, what happens to those who don’t win from prophet pools. Will they get another change from any other way? And do you have any nft or another offerings for long term prophet pools participants?
From your project details, one of your project uniqueness is the special gamified and rebranded staking pool. You have the Prophet Pool, Second Chance Pool and I have also read about source staking from your whitepaper. What is the uniqueness of each pool and how many stakers can each pool accommodate? Also, you said your users can come together and form their own social pool. In all these pools, users are rewarded with $ETH and $PRY, how are these rewards determined?
Your project is very concerned about it’s token valuation that you have outlined series of ways to keep token price stable. Two of these approaches that are not clear to me is the Source Staking and BARE-tax system where you intend to burn inactive wallets. What is your project definition of an inactive wallet? How do you intend to carry out this action and where do the taxes collected from these “inactive” accounts go to?
– How can I participate in the Prophecy preview if the website has problems and does not seem to give users access? Can I participate without entering the website?
– I have seen several smart contracts similar to Prophecy that are actually in Uniswap for trading, does this have anything to do with Prophecy? How do we know we’re buying the right token?
What phase have you reached now in the development of the propechy project, has $PRY been distributed to the public, and how does the Properchy, s prophet pool work system, looks like we can easily get a profit there?
really what are the differences between the Staking v1 and v2 releases? And is it so little difference that v1 will last only 3 months? Why not just wait and launch just 1 staking in Q2 2021?
I understand that privacy is important and that is why they do not detail who is the team that runs Prophecy, but if they say “We have worked within the 100 main projects”, could they really tell us what contribution they have left in those 100 projects? in order to have more confidence from their managers.
I understand that Prophecy will seek to prevent the value of PRY from reducing, so it will stabilize demand through the art of burning, which is the most common, but what will be its% of initial burn really? And will this be modified by the community or by volatility in the market?
I understand that Prophecy is a project of an innovative future, but how do you really see the future of this project? how far do you think it will go and revolutionize decentralized finance?
Will the PROPECHY project use the buyback system for $PRY after the pre-sale and private sale are completed?
After the pre-sale and launch on Uniswap, what will the next Dex and Cex exchange platforms list their native token on?
is only 7 days enough to make a pre-sale of 500 ETH? In a hypothetical case that not even half of the tokens are sold, will you plan to carry out another round of the presale?
in your roadmap I saw the launch of the PROPECHY application, in Q3 of 2022, why is it taking so long has not been made for the Propechy application at this time have any problems occurred at this time, can you tell me?
There are many projects that are doing their pre-sale for these final dates of the year, but let me ask you why? Why not do it in the first days of 2021 and thus leave the community calm on these festive dates? or can launching them on these dates really benefit the market?
What are the incentives to be provided for those who make early investments in private sales and to pools just before they go to market Will they be able to continue to develop their extra and additional stake pools and receive beta services?
What will be the Staking privileges with Prophecy and can we start staking and earning with Prophecy since Uniswap is launched?
What is the difference of Prophecy pools and how to implement the system of winning only one person in a pool, rather than a small minority, how to ensure that those who enter the Prophecy reclaim more than they have entered?
When I read your medium article about private and public sale, it seems that Prophecy is such a promising project and your team is really confident in making Prophecy to be successful. But ahead of time, what do you expect with the outcome of your pre-sale? How confident are you that the 500eth Hard Cap in public sale will be reach? As a crypto believer,we know that many promising project out there, so for an investor like me that want to participate project pre-sale,can you tell us some good points and legitimacy of Prophecy that can make investor trust and believe your project? I was once an investor of presale of a certain project but it was not successful and turned out to be scam,so I’m always in hesitation to enter a presale especially with a new project launch. Thank you!
Is there any relationship between Prophet and Prophecy network? Are you connected with them? Thank you
The Prophecy Token ($ PRY) will be the central backbone of all products on offer. What ways are there at the moment to get $ PRY and what are you planning to introduce? what will be the purpose and use of the $ PRY token?
About 60-90% of the Prophet pool members will wager more than they contribute, and this figure is subject to change as the community can create and host their own pools among their friends, followers and other supporters. How exactly will this all be arranged? Can I create my own pool and invite only whomever I want there? Can I remove a member from my pool?
Prophet pools will have custom widget links that users can use to invite their friends or followers to the pool.
Will these be some kind of referral links? Will users be rewarded for referring friends?
What an interesting name for Prophecy economic concensus engine, PoCD (or Proof-of-Committed Decay). How will this engine of Prophecy works and where do this engine gonna get information and data?
Prophecy’s A ‘bare-tax’ is kind of surprise for me. Prophecy tokens that remain inactive for a period of 3 days become flagged. Token Accounts remain flagged for no longer than 21 days, after which a portion of the balances are pulled and redistributed and continue until the account assets are 0.1% of initial balance. Dont you think implementing this will make investors who just want to hold tokens on their wallet stay away from Prophecy? Not all investors wants to do staking and providing liquidity.
Are Prophecy Platform not gonna venture on NFT’s? Many believes that the interest and popularity of NFT will continue next year.
I read that Prophecy project have unique burn system that name “Dynamic Burn”, how this system different then other usual burn from other project?
How is Prophet Pool work? Your website said that only 80% user in that pool who can win and get $PRY so how about the other 20% user who lose will get nothing? And how about fees work in Prophet Pool?
It looks like you have very interesting staking pool with unique feature inside that but how about its safety? Do Prophecy team already do audit for their smart contract and how about the result?
You have an consensus mechanism that design to establish an alternative economic policy that name PoCD, but how is this PoCD work in real case for your platform? What kind of consensus it will be like?
I am very sorry that your site is not working now. Many people will not know that in a few hours the pre-sale begins. I really like to look for flaws in the work of projects. And now the main drawback is the lack of sufficient coverage of the project. Tell us how and where the pre-sale will take place. What will be the conditions and what are you doing to attract investors? In particular, in terms of information coverage
According to your Roadmap, Prophecy will launch Staking (v2) in Q1 2021. Can you share with us how it will work and develop Prophecy to the next level?
Prophet Yield Pools are an innovation on existing yield pool structures, with up to an 80% chance of winning at the pool’s closure. How is it sustainable having such rewarding programs? What allows you to have that% of winnings?
In the future, users will be able to start their own pools with Prophet Yield Pools, how can a user create a pool and how do you ensure it is legit and funded?
Your project seems unique in the way it is named and the way the project team address themselves. From your Telegram community, I see that some of the project team members answer names such as Ares (Greek god of courage), Chronos (Greek god of time), Apollos (Greek god for all things) and Hermes (Greek god of trade and wealth). How do you come about the name PROPHECY? Why do the team have special interest in Greek myth? Is there any spiritual inspiration for your project?
I understand that Prophecy will seek to prevent the value of PRY from reducing, so it will stabilize demand through the art of burning, which is the most common, but what will be its% of initial burn really? And will this be modified by the community or by volatility in the market?
I am very sorry that your site is not working now. Many people will not know that in a few hours the pre-sale begins. I really like to look for flaws in the work of projects. And now the main drawback is the lack of sufficient coverage of the project. Tell us how and where the pre-sale will take place. What will be the conditions and what are you doing to attract investors? In particular, in terms of information coverage
You have an consensus mechanism that design to establish an alternative economic policy that name PoCD, but how is this PoCD work in real case for your platform? What kind of consensus it will be like?
You’ve already finished your private sale. How did it go? What mood do you have for the pre-sale? And when will you launch on Uniswap? You mentioned that staking will be available to everyone at the same time. Waiting for the moon?