We are pleased to announce our next AMA on January 3rd 2021 at 02:00 PM UTC Time: Satoshi Club x Hot Potato
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Hot Potato Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Hot Potato Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Hot Potato
For more details:
Hot Potato – @Hotpotatoglobal
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
How do you plan on expanding your user base? What does the future look like? How does HP compare to other crypto currencies?
Imagine you have a sum of money at hands. Do you think it is better to keep it with you or pass it along?Why Is It Called Hotpotato?
and what are Rebase Mechanism?
HP (Hot Potato) is a malleable base-money. It coexists with the community and adjusts its supply based on the number of organizations. But why the name Hot Potato? What does it mean as regards crypto space? Thanks
I read in your website that Unlike other projects, the initial pricing of HP is also determined by the community based on ETH raised and the number of presale addresses. For example, if 150 addresses participated in the presale and 450 ETH was raised,What will happen to the distribution?
HP is a malleable base-money. The total amount of HP is determined by the community.How community members gain their benefits? and what are the rules of HotPotato presale?
HP introduced a bounty campaign called the Hot Potato Early-Awareness campaign Q4 of 2020. $2000 USDT was set aside to be given out during the campaign. How did that campaign help in promoting the Hot Potato Community to increase awareness and engagement? Will there be future bounty campaigns?
I could not find any information of your team members on your website. Is this a deliberate attempt to make HP anonymous? Who are your team members and how many are they?
The total holders from presale is supposed to be 160 users. However, from the announcement on telegram and the one published on medium, it was said that the pre-sale event has been postponed in order for the team to have sufficient time to adjust smart contract design to accommodate stablecoin features and to also determine suitable liquidity lock drop duration. However, when I opened your website, the first sentence I saw is: Total Token Holders: 209. Who are these 209 holders and where did they get the token from?
As a malleable token, $HP quantity held by users changes frequently depending on number of holders. For example, if I purchase $HP worth of 0.5 ETh and I hold it my address for a given period, and another user purchase $HP and after a brief period, trade it off, Why should the total quantity of $HP I hold reduces because another address exited? If more addresses keep exiting and my token keep reducing because others left, Won’t there come a time when the total amount of token am holding becomes so depreciated in quantity? How successful is this approach and what strategy do you have in place to ensure your tokens are attractive enough for investors to hold and for new users to join?
Hot Potato is a malleable based token that can automatically adjust supply based on the number of holders. 100 tokens is automatically removed from all user’s holdings for every address that exit and same amount of token is added for every new address that join. It seems that the success of this method depends on the community and the ability to get more users to buy $HP and to keep holding it. However, your presale has been limited to a maximum of 160 addresses who will later have the opportunity to decide the price of $HP. Why was this so and how was the whitelisted 160 addresses eligible for presale chosen? Where can new users who intend to join the community get your token?
What is a malleable base-money?
What is the current plan for HP’s stablecoin?
What are HP’s innovations?
What is the difference between “hot one” and “lucky one”. And is it possible to win both at once? “hot one” and “lucky one” in a period?
You mentioned HotPotato is run based on a community autonomous mechanism (DAO). Who can join the HotPotato DAO, and what decisions do they have the right to make?
Roadmap???
Some DeFiprojects were recently hacked as per their explanations. How do you think these recent events onother DeFiproducts affects the trust by users?What can your Project do in order to ensure cryptoenthusiasts that #DeFi is safeandreliable?
You defined HP (Hot Potato) is a malleable base-money and it coexists with the community and adjusts its supply based on the number of organizations. Which organizations do you prefer here, is it the communities that supports HP or the private organizations like NGO’s that partnered with HP? Can you please clarify this and how many organizations it has right now?
I understand that HP is a malleable base money but that it cannot be interrupted in some cases by transfers. How does the offer adjustment process work according to the number of organizations?
Why can the amount of HP tokens held by the holder sometimes not remain at a fixed percentage in relation to transfers or trading with the original address of issuance of the token?
The automatic resets are very useful for the holders of tokens and their constant variations, does Hot potato use any adjustment system for the holders of HP and the holders of tokens?
I have read on your website that the initial price of HP is determined by the community based on the ETH collected, how was the pricing done thanks to the community and what is the role of the number of presale addresses?
many users have lost large amounts of money in currency transfers due to devaluation, how does the effect of hot potato work in relation to constant devaluations and the negative effects of volatility?
platforms generally establish a small percentage of tax for the amounts transferred to carry out multiple developments, what is the percentage that Hot potato uses for transfers and to which project is the money destined?
In these times it has become very important to carry out a constant audit of the processes. How does Hot potato work in terms of audit and iteration systems to guarantee good financial service?
You use an incentive system called “Stake Pool”, what limit of incentives do miners receive according to the liquidity of the stake pool and what they want to achieve through this system?
I am interested in the benefits of the Hot potato Staking Pool, what about long-term token holders and how can they maximize their earnings over time?
Due to high inflation rates, people change currency very quickly for fear of devaluation. What strategy has Hot Potato developed to prevent high inflation rates from affecting its products?
After the update of your stable currency it was necessary to adjust the current contract code, what precautions has your network taken to deliver the products safely for the good of the customer and the technology?
In Medium it says that you decided to postpone the first presale due to technological details, what solution did you develop for the blockage drops and what happened to the development of smart contracts?
Malleability is one of the milestones of Hot Potato, can you explain what is the significance of a “completely communalized base money”? Who has the power in this ecosystem?
“Pass the ball round and round. Pass is quickly or you’ll be found. If you’re the one to hold it last, you will owe 5 jumping jacks. You are it!” Hot potato is based in this child’s game. When do the investors know is the best moment to hold the potato or transfer it? What happens if someone burns?
Do you agree that community is a key factor for the success of the project? Knowing that the project has had quite successful phases, but with future plans do you have plans to benefit some communities coming soon?
Usually the project only tells about their strengths. Can you tell us honestly about the weaknesses of your project? And what are your plans to solve it?
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?
According to HotPotato’s Rebase Mechanism; if holders do not engage in any activity such as transfer, trading, etc. their balances remain at a fixed percentage of the total amount. This means total amount changes based on some reasons; when and how does the total amount change? What is that fixed percentage, how was it determined? Is there a time limit for the non-active period mentioned above?
The features of Hot potato is said to be the combination of features from FOMO 3D and AMPL… what specific features from these two projects have you merged to Create Hot Potato, how are they being implemented and what improvements are you implementing for these features combined from both projects
In one of your articles it is stated that HP will develop stable coin, NFT and DAO modules in the follow-up development plan…. to what will the proposed stable coin be pegged and what will be the specific use cases of this stable coin in your ecosystem, can you also explain more about what Plans you have as regards NFT’s in Hot Potato as included in your development plan..
HP’s malleability is reflected in two aspects:
1)Malleability of token’s amount
2)Malleability of token’s ecosystem..
I understand that the first aspect has to do with the frequent change of the number of Tokens, so apart from your Token can you explain how and in what other ways Malleability is being reflected in Hot Potato
When you change the schedule of announced plans, it usually creates big question marks in minds. You postponed the presale which was scheduled for 23rd December. I guess you would like to clarify this, so why did you postpone the presale, when will it be done?
Can you explain how is your $hot potatoesTokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team
Are there any plans to lunch $hot potatoes on a bug dex exchange apart from uniswap to make it more user friendly and within reach of the crypto community
Q.Can you expand our knowledge about Your Roadmap this year and the future and any Updates on your Research and development progress for hot potatoe
Most of the Crypto projects are built solely for the purpose of accumulating wealth for themselves. So, I would like to know the value you would like to add to the crypto industry that will bring greater abundance to the industry?
Recently staking is very famous in every projects and that’s why I invest there. My question is do you have a staking feature and where can I avail that or are you planning to do that?
I’m curious about the team’s record. I think it is important to invest on a project who has a reliable workers. Do the team already worked on something related to crypto industry and how many of you in your team?
I find it extremely interesting how they suggest that each user does not have a specific amount of HP, but a percentage of the total, which will be variable. However, do you consider this approach to improve or have any benefit over existing defects in other DeFi products?
I believe that your reasons for guaranteeing security stated in medium might not be enough for some investors. Do you have plans to be audited in the near future by an external entity?
When do you expect to have Hot Potato’s NFT and DAO programs available?
For each transaction, users need to pay 3% of the amount transferred as taxes. How will that 3% be distributed? What will this 3% percentage be used for?
Hot Potato has a tax mechanism that directs a 0,5 of taxes to costs of development, audit and iteration of the founding team. What are the advances so far about the security audit of this project? Is any partnership on the way for that?
Many Rebase projects are getting a spot in the crypto world these days. Some of them have proven rebase mechanism that makes the whole system self sustainable and perduring. What is the Hot Potato technical algorythm for rebase? Is there any whitepaper with all the details?
The Hot Potato presale begins January 5 and will last only 24 hours. I read that maximum to 160 addresses can participate in the presale. Is there a maximum limit to how much each of these addresses can buy?
The token in the HotPotato system is rebased by the holding addresses. For each additional address, the system issues 100 tokens and prorates them to all holders. And vice versa, for every address that is reduced, 100 tokens are removed from the total, and all users’ holdings are proportionately reduced. In case that several addresses are reduced, is there a security mechanism to protect the holders from the panic selling of several users?
Once a rebase is activated by changing the number of holding addresses, it will affect all wallet balances. Since rebasing is controlled by the community, how do you prevent an attack from bots or malicious users that want to affect all holders?
Can you explain more about the Recycle Pool of Hot Potato? What is the purpose of this pool? How can users get profit from this pool? What are the pros and cons while entering this pool?
How many users and business partners do you have right now? What is your total turnover presently and what promotions and marketing are you doing now for adoption?
What is your future plan? Do you have physical office?
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
About Hotpotato Presale, why did you give target that only 160 address available to buy on presale? Don’t you feel its more benefit to Hotpotato if more people buy in Presale?
In entering pre-sale with other platforms is easy as 1,2,3 and you can by their token but in Hot Potato , joining pre-sale seems complicated in which I read in your Medium article that one of the option is you have to invite 20 people to join your telegram Community for the chance to get on the whitelist in Presale but not a 100% sure since the pre-sale whitelist seat is just limited. So ,my question is why do you have to make any complications for this presale? What are the advantages and benefits if someone will be selected for whitelist in your presale? By this option with your presale, don’t you think people will hardly join it except to those who really eager to join your presale? We are already January 3 and the result for the whitelist seat for presale is January 4, so can I ask if is there still a chance for anybody to be whitelisted who will apply for presale whitelist by now? Currently, how many people already joined? Thank you!
3% of each transfer will be deducted as taxes, 2.5% will be allocated to the incentive bounty pool, within that bounty pool 30% will be used for the Hot One. What does “Hot One” consist of?
HP (Hot Potato) is a malleable base-money. It coexists with the community and adjusts its supply based on the number of organizations. Can you explain what makes HP become malleable base-money? How does it coexists with community? By the above statement,what is the major role of community in Hot Potato ecosystem? How will your platform maintain the trust of your community to Hot Potato? What kind of organization that Hot Potato depends on basing it’s token supply? Thank you
How did you make connection between a ‘Currency’ and ‘a potato that has just been baked’? What is the connection between two of them? Isn’t it not related at all?
You will use a whitelist mechanism to select your first investors and maximum to 160 addresses can participate in the presale. Within those 160 are the users of the whitelist included?
How secure if I invest to Hp? What are the benefits I gain in Hp?
What do you think is the advantages of Hotpotato of being Rebase Mechanism? What is the difference of Hp to other?
From your website, we know Hotpotato is a Malleable base money that total amount is determined by community, but what is the meaning of malleable base-money? Can you please explain ?
Could you please provide some progress on your roadmap and what is the result of Hp has achieved so far? Any sneak peek of your plan this year.
am a crypto investor and I only care about prospect of a crypto that I chose, tell me the reason why I should choose your project over the existing one ? What is your coin advantage that can convince me to change from my favorite token?
What is Hotpotato core and core solution for DApp developers? what Will users who hold Hotpotato in addition to participating in decisions on the DAO governance mechanism will receive additional benefits?
burning tokens is very important to increase the price of tokens and reduce the supply that is already in circulation, what about HOT POTATO, whether to burn HP tokens in the future to increase the price of HP tokens?
What is your long-term vision for HOT POTATO? Are you afraid that one day there will be another project with more innovative technology that can replace your project?
On your twitter, it said HotPotato have a plan to build Crypto UtopiaRainbow. but I’m still not understand about what is that about, so can you please tell us more about “Crypto UtopiaRainbow”?
I see that HotPotato is doing giveaway for only who participate in presale, is this true? Are the requirement only by join presale? Why HotPotato not doing giveaway/airdrop to All of community member? so more people will know about HotPotato
You guys are doing Ama’s in all group & almost answering same types of questions again n again? How do You feel about it?
For a project development first of all main priority is having enough fund. Does your team financially capable to run this project? Do you have enough fund for it’s developement Can you tell us that how your project generate the profit?
Currently 99% of new projects face two problems: financing and mass adoption. Does #HotPotato encounter these problems? What is $HotPotato’s plan to more mass Adoption?
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Do you have any series of educational articles explaining Lepricon ?
You guys are doing Ama’s in all group & almost answering same types of questions again n again? How do You feel about it?
The name HotPotato sounds like a fresh and high-tech product! But, what is the real meaning of this name? Where does this name come from? Thanks!
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Do you have any series of educational articles explaining Lepricon ?
Is it possible to buy and sell received tokens somewhere other than crypto exchanges?
One of the current problems in crypto is the conversion of data or information related to blockchains in an easier environment to understand…
What solutions does HotPotato offer for this type of problem?
Could you give an overview of $HotPotato Token tokenomics? Will the design of the token rise and fall with the success of the platform, does it include any scarce paths, such as equity, storage or burning?
What are the strategies or Unique propositions that you offer to developers to launch their DApps into the Hotpotato ecosystem? Why they should chose you instead other DApps host?
I know you have designed a new concept that is perfect for blockchain applications and propose a new public chain ecosystem, Hotpotato to develop the Token Economy so public chains, and What is that new Ecosystem and How does it work
In order to invest in a project, I must first know what is the long-term vision, functionality and security of it, I understand that Hot potato plans to implement a stable currency, the DAO system and NFT tokens, but really for what purpose? just to create a great ecosystem passes the money (both coins and NFT) to other users as a “hot potato” to avoid devaluation? or is there really much more than that?
Will the 10% assigned to the “Lucky” for making the largest purchase in 24 hours be valid only for the pre-sale? Or will it be valid daily and for any purchase made in any exchange in which it is listed? or just uniswap?
How is Hotpotato development going? Can you describe in current development effort, market expansion plans,expected applications and When will they become commercially available?
With the Hot Potato tax mechanism, 3% of each transaction will be taken for taxes, but is this really the commission fee that is paid per transaction? or will both have to be paid in each operation? Being so, is not paying tax centralization? Why only hot potato implements paying taxes and the rest does not?
Note that on your website they mention many words such as “it can remain” or “it will change from time to time”, this gives a lot of insecurity to users, is it that the% variation of the value of the tokens in Hot potato is not defined? or why not make it clear to users and thus not generate doubts or uncertainty in betting on you?
I was detailing your website and I loved the mechanisms used in Hot potato, but I was looking for your Road Map to know when it will be implemented, but I did not find it, so, all these mechanisms will be implemented from the beginning of the project? or will they be imposed by part?
I understand that the presale will be totally limited to 160 seats, really why? not looking for hot potato to achieve large adoption? That is why it should not have multiple rounds of presales so that many more users know about this project?
Really Hot Potato is a really peculiar project, why only do a presale for only 24 hours? Do you think it will be long enough to complete the necessary eth? and how to know that it will not be postponed as has been done previously?
What gives hot potato confidence that your project would be prefered compared to other projects? Considering the fact that there’s a lot of competitors?
What are the current achievement of hot potato so far?. Are you also going to offer staking,lending and NFT?
How will the participants who make purchases for the lucky users who can have a 10% stake will be identified and what role will the community play in HP’s initial pricing?
What advantages will Hot Potatoes provide against inflation rate and devaluation and how will the funds to be allocated to the Recycling Pool be determined?
What are the advantages of Hot Potato tokens not being issued or imposing a limit on the total amount, and what privileges does it give the community to make decisions?
What is the difference between $AMPL and $BAS?. . Which is the best to invest?
HP is a malleable base-money. The total amount of HP is determined by the community. Will the total number of existing HP tokens concluded after the tolensale or there is a chance that new tokens will be minted after that if the community vote to do so?
On Hot Potato website, there is a Swap HP and Dig HP. Basically what HP Swapping is, but what is Dig HP stands for?
How does the number of HP I own change with the total number of HP token holders? In addition, the holder’s token number is automatically changed. What does this mean to me? How do I benefit as an HP holder?
How long will the 3% tax fee on each transaction going to span? On which blockchain is hotpotato based on? How many exchanges is hotpotato listed and planning to get listed on?
Pool 10% – “Lucky”
Awarded to the member with the highest purchase in the last 24 hours. Based on what is the 10% reward calculated, from what sources is this pool replenished? And after the award is given to the “Lucky”, the pool is zeroed or continues to accumulate?
I quote one of your medium article. It says, “to ensure the fundraised ETH can provide long-term liquidity, HotPotato team is still examining the technological details of lock drop and developing relevant contracts.” Is there any news or final decision regarding this matter?
For each transaction, we need to pay 3% of the transferred amount in taxes. Is this 3% a fixed% or will it change depending on the number of my transactions and their amounts? After all, someone can have many transactions for large amounts, while someone has rare transactions for small amounts. Are the conditions the same for everyone?
We all know that the Ethereum Network has many problems: scalability issues, high gas fees, slow speeds, and many more. So, why did you choose to build your token on ERC-20 blockchain ecosystem?
Nowdays So many Rug Pulls and exit scam happening . How Users can trust your project and how you are different from others?
Most of the Crypto projects are built solely for the purpose of accumulating wealth for themselves. So, I would like to know the value you would like to add to the crypto industry that will bring greater abundance to the industry?
DeFi has been a very popular movement in crypto. Can you tell us about your plans to integrate this into your ecosystem?
Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice why they should buy and hold this token/coin in the long term??
Every success project has interested story before it was created . So can you tell people about the story of your project that gave you the motivation to build and develop a great project like Your project?
What API access do developers have to The Parcel SDK, and how does it help in the process?
Trust is very important in business. So, what makes investors, customers and users feel safe when working with Your project? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?
.Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Bitcoin price goes up day by day but alt coins are not moving. Thinking about this, how did you decide the initial pricing of Hot Potato?
There is a digging option for HotPotato does it mean that we can mint HP? Can you explain the details of digging of HP?
You give presale whitelist to some token holders. This is the first time I’ve seen anything like this from a new defi project. My question is do you have any partnership with those $BAS and $AMPL tokens or is this means you like token holders and promote them. Or is it both?
I saw on the site the section (currently not working) DAO. Are you planning to issue governance tokens?
I am interested to understand the situation when a new address is attached, then 100HP is distributed to all addresses for each address or 100 for all?
There is a statement on your site: “To avoid potential loss from currency devaluation, you’d better transfer it to others. Currencies then are like a hot potato. You must flip it
quickly between your hands to avoid burns.” and “For each transaction, you need to pay 3% of the amount transferred as taxes”. Does this mean that your project only for whales? Because with this high gas prices plus 3% taxes it cost too much to transfer small amounts of Hot Potatoes.
When connecting a new address, 100HP is allocated for users, what prevents me from creating 10,000 addresses in order to get an additional share of the allocated 100HP for each one
Hot one pool–please clarify. Everyone who buys 0.5 ether gets 30% of 2.5% or One lucky person gets 30% of the accumulated pool due to deductions from 2.5%
It seems that a lot of projects from 2020 are gone and failed to deliver on their promises. How will HotPotato avoid the same fate? How can we be confident that HotPotato won’t disappear a year from now?
As 2020 comes to an end, What do you consider HotPotato to be your most important achievement for the past year and what are your aiming for the coming months? Are there new updates or strategies that will also benefit the community?
Congrats on your Pre-sale. So how do we participate? What are the requirements and minimum amount to purchase? How long will Presale last and please tell us more about the details of your presale metrics.