Month: December 2020

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from YOP and our guest was Atif Yaqub, Founder of YOP. The AMA took place on 20^th December.

The AMA session was divided into 3 parts with a total crypto reward pool of 888$

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club!

Today we are present to your attention AMA with YOP!

D. | Satoshi Club: hello Satoshi Club!

Gold Rocket | Satoshi Club: And our guest is @AtifYaqub!

D. | Satoshi Club: @AtifYaqub welcome to Satoshi club!

Atif Yaqub: Hello everyone. Great to be here. Thank you for hosting YOP.

Gold Rocket | Satoshi Club: Thanks for joining.

To be begin with, please tell us a few words about yourselves and how did you get to be involved in crypto & YOP.

Atif Yaqub: Hi, I am Atif Yaqub, Founder of YOP. Have been active in the crypto space for over 4 years now. Started with mining, moved into investing and over the years supported various projects. We are based in UK with a global team. YOP came about from my personal frustration of most products being geared toward technically capable users. So we decided to create a more user friendly environment but at the same time stay true to the crypto values.

D. | Satoshi Club: thank you! and could you tell us briefly, what is YOP?

Gold Rocket | Satoshi Club: And this is a very correct decision, I think!

Atif Yaqub: YOP is a yield optimization platform & protocol. All-in-one yOptimization application that makes it easy for everyone to access DeFi. Giving you control, custody, insights and flexibility directly in one single application.

Our platform brings together all the tools and our protocol brings together all the access to contracts and pools. All powered by our token $YOP.

Gold Rocket | Satoshi Club: The crypto world is becoming more accessible and creating understandable services for ordinary people is definitely the right direction!

Thanks for the intro! Would you like to add something or can we start with the questions of part 1?

D. | Satoshi Club: more simplicity in DeFi this is what we need

Atif Yaqub: Lets go to questions.

Q1 from Telegram user @b_dima

Your maximum supply is 88,888,888. The reward for the AMA is 888. I see that you work around this number 😀

Do you think it will bring luck to your project? It is also a symbol of efficiency and prosperity

Atif Yaqub: Numbers are really interesting no doubt. They have different meaning for different people. When we did our calculations it was close to 88, so then I thought if we going to have 88, better it is eight 8, and we arrived at 88,888,888. Now everything stays interesting as you divide that. So we also have cool numbers, 2222, 1111, 888. Keeps it interesting!

D. | Satoshi Club: magic of numbers

Gold Rocket | Satoshi Club: Interesting theory!

Atif Yaqub: Open to interoperation for everyone. That is the best part.

D. | Satoshi Club: and of course you have decimal 8 in your Ethereum contract?

Gold Rocket | Satoshi Club: Tell us please about your tokenomics btw @AtifYaqub

I’m sure there was some magic

Atif Yaqub:

Yes for sure. So the best part is $YOP is engineered to be deflationary. Our yPlatform and yProtocol make use of the token and withdraw supply from the market. We also have staking, rewards and a buyback plan for token burn. The initial circulating supply is below 10m tokens. We have also kept the token sale price flat at $0.05 for everyone so it is a level playing field.

We have 3m tokens locked from the initial supply deferred by our intuitional investor for delivery at 18 months.

It is great to have longterm partner like Pires, who is listed on the London Stock Exchange supporting the project.

Gold Rocket | Satoshi Club:Yes, I read about it on your twitter. Could you tell us more about this?

D. | Satoshi Club: your token sale already happened or you preparing to launch?

Atif Yaqub: So early on we were approached by this institutional investor, who really had growing interest in the crypto space. We went through a 7-8 week process of due diligence and technical reviews. The idea behind having such a partner is 1. makes the project very strong from the start, being verified (no rug pulls here) 2. gives us long term growth options to raise more capital when we want to scale up. Our hardcap is only $533k, the plan is to deliver our first version, build a base and the grow from there. With proof of product rather than raising huge amounts at start and then not delivering.

Most of our token sale is complete, we have a small allocation remaining which will be launched on a platform in January. More details coming soon. Join our TG Chat for the latest. @YOPfi

D. | Satoshi Cluba: wise approach

got it! thank you!

appreciate for answers! ready for the next question?

Atif Yaqub: Ready.

Q2 from Telegram user @bitcoinistic

You mention that the current applications are poor and generally have limited features with one or two core functions. From all your research and testing none come close to a premium user experience.

Now this is interesting but I would like to see some proof. Can you share with us some of your analysis of your competitors?

Atif Yaqub: https://yopfi.medium.com/the-robinhood-of-defi-yop-competitive-analysis-29c09da0567d/

We have a 56 page report that we published on our Medium blog. Link :point_up_2: You can review details about the competitor platforms there. In terms of our protocol competitors, it is widely known today all the DeFi protocols are single function, like AMM, Stables, Lending etc. Look out for our protocol paper coming soon which outlines our plans for the DeFi Super Protocol.

Gold Rocket | Satoshi Club: Wow! Detailed enough analysis!

By the way, have you done an audit of smart contracts?

D. | Satoshi Club: thanks! i think people will find there all answers about this topic

Atif Yaqub: https://etherscan.io/token/0xae1eaae3f627aaca434127644371b67b18444051/

Our current smart contract deployed for the token is fully audited. 100% all other contracts we deploy will also be audited, tested, reviewed. Customer safety is very important.

Please be careful as YOP has grown in popularity there are many fake channels and tokens now being promoted.

Always verify and double check!

Gold Rocket | Satoshi Club: Thanks for the answer!

Do your users need to pass KYC?

Atif Yaqub: The yPlatform is non-custodial so it will be open to everyone. If they chose to use the fiat on-ramp then the 3rd party provider may have some elements of KYC. The rest no.

D. | Satoshi Club: understood, good to know such a things

Gold Rocket | Satoshi Club: Can we proceed. Or you want to add something?

Atif Yaqub: Proceed.

Q3 from Telegram user @Tommyramble

How are the farms selected? You say that the optimization protocol gives access to the best farms, but how is this list of farms created?

Atif Yaqub

So there will be various parameters for this depending on what the customer would like to choose. For us “Yield” is everything from holding an appreciating token, earning reward in an AMM pool, or farming tokens. So the novice user may just want low risk easy access. Select an APY and lock tokens. Others might want to chase APY at high risk. There will be options for everything. Customisable and as the version develop we add more features.

Gold Rocket | Satoshi Club: Sounds good

D. | Satoshi Club: and when we will able to try all this diversity?

Gold Rocket | Satoshi Club: What do you personally plan to use from the proposed options?

Atif Yaqub: We have been in development for a few months now. V0 releases Q1 2021 – we believe something around February time. The first version will not have all functions but we have designed our architecture so that it is capable of handling all the add ons. V0 will give you a flavour of all 5 products shown above and let you engage the markets. Then we slowly start layering on more features, so the new customers are not overwhelmed.

Big fan of our “Emergency Button” this allows you to withdraw at an instance by front running TX when there has been a big move in market or vulnerability found in a contract. At these times speed is important.

D. | Satoshi Club: oh, this is really cool

Atif Yaqub: YOP is cool

Gold Rocket | Satoshi Club: Thanks for sharing!  I’ll take it on board!

Can we jump to the next question

Atif Yaqub: Lets go

Q4 from Telegram user @Arisabela

YOP has a sofisticated Protocol to compile data from exchanges, block explorers and networks. It says in your website you use artificial intelligence to identify the hottest trends. What kind of AI technology do you use? How is it profitable and how much funds do you destine to it?

Atif Yaqub: Good question. So each of our 5 products are being built to a robust level that they could easily be stand alone products in an app. The question here is about our SMA:tm: (Smart Market Analysis). As data of wallets, tx, movements is all open on block explorers we are using machine learning and data harvesting to collect this data and identity trends with Artificial Intelligence.

This can highlight how many are holding which token, how long, prices, movement, volume and customer sentiment. Something which has lacked on market data websites to date. It will be built overtime and as mentioned we will raise more capital after V0 to scale up production too. Our partners our looking at the 3 years ahead and we have a long term outlook to grow YOP.

Gold Rocket | Satoshi Club: This is a very large amount of work! how big is your team for release this

D. | Satoshi Club: thank you for answer! by the way are you planning to reveal your code? or maybe you already did? can we see it on github?

Atif Yaqub: We have 12 now but that will grow as time goes on. Its not always about how big though, but important to have quality too. You can hire 100 people but they might not build anything, while 10 good team members do magic.

Gold Rocket | Satoshi Club: As far as I know, this is an international team and there are my compatriots from Ukraine

Atif Yaqub: Some of the protocol stuff yes, other stuff will remain private unless we decide to move into foundation model. We will look more into that in Q2 2021.

D. | Satoshi Club: got it! thanks

Atif Yaqub: You have to search the world to find the best.

Also launching in covid time it made sense to structure the project in a different way. No more offices. Fully decentralised.

D. | Satoshi Club: indeed!

Q5 from Telegram user @yellowchamp

The circulating supply of $YOP should remain relatively low and early on we see $YOP becoming a deflationary asset. In fact, our projections show deflation of between 12% and 15% in the later stages of the project. For those newbies in crypto, can you explain more about the deflationary asset? How did you come up with an advance idea that $YOP will become a deflationary asset? What is your basis of having this projection in the future? If this projection will be true, what is your advance plan in giving a solution with this deflation?

Atif Yaqub

The basic meaning is rather than more tokens coming into circulation (normally leads to sell pressure) there is a withdrawal of tokens from supply (usually leads to buy pressure). Our economic modelling shows as users grow we reach these figures. Our protocol & token paper due out soon will go into more details on this too. We have a dedicated economist who has helped model this projections.

Gold Rocket | Satoshi Club: It is very difficult. Thanks for clarifying.

Atif Yaqub: Another way to put it – more users less tokens. More demand.

D. | Satoshi Club: this is perfect explanation for newbies

Gold Rocket | Satoshi Club: Thanks! Do you want to add something? Or move on to the next question?

Atif Yaqub: Roll on…

Q6 from Telegram user  @konditer_rolex

You have created an aggregator platform exclusively for mobile phone users. Why exactly these gadgets? Dislike of office clerks or an attempt to adapt DeFi products deeper into society? But then I have a question, how many languages does your application support? Is there a translator (dictionary) from technical language to human? can my mom figure out how to stake a YOP token?

Atif Yaqub: Multiple good questions.

So firstly all big tech companies today now design for mobile first – even if they launch web first. This creates a better product as the mobile restricts you to only put in what is necessary – where as web you have so much space to play with things can get messy fast and UX/UI not so good.

We will follow up after the mobile version with a desktop and tablet version.

In terms of languages if you look at our roadmap – multi lang support will come. As our community grows we will see which other languages have the most demand to add.

In terms of your mother being able to use the app. I hope also everyone grandmother can use the app. That is how easy and informative it should be. With labels and education resource for new comers.

D. | Satoshi Club: we will hope our parents can gain some decent profit through yield farming, mining and maybe lending by using YOP

Gold Rocket | Satoshi Club: I don’t know about Rolex, my mom is very progressive:grin:

I dream of teaching her crypto!

Atif Yaqub: We welcome them all.

Part 2 — live questions from the Telegram community

Q1. from Telegram user @Gutike95

Does the platform have a SCAM token checking system? or will it just append all available tokens in uniswap?

Atif Yaqub: This is why we included market data within the application. So that you can have all the relevant information on hand. From here we will start grading tokens and giving insights where to be more cautious.

Q2. from Telegram user @cengizhantekin

Is yProtocol a fork of an existing protocol or have you prepared it from scratch?

Atif Yaqub: Our own proprietary mechanism. Initially it will speak to other DeFi protocol and then we will start to grow our own liquidity. So its a mixture really.

Q3 from Telegram user @jerryziz91

As a concept the Multi product Support sounded rather fascinating. Which kind of products can it generally support and what are the benefits of the mechanism for the users?

Atif Yaqub: The core benefit is not having to leave the application. So right now imagine when engaging DeFi protocols. You check price in one place. Swap in another. Then make a pool. Then stake. Then use another provider as wallet dashboard to see what is going on. Too much headache. Now imagine having all of that in one application.

Q4 from Telegram user @KeymerS

I understand that you plan to integrate YOP into the 7 different networks, that’s great, but on which exchange platforms do you plan to list it with each of those chains?

Atif Yaqub: We will monitor where the best products are being created and implement these into YOP. This is a long term vision and the market is always moving so we have to follow and see where it goes. Ultimately we see YOP becoming the launch platform for new innovations in DeFi and other products as our community grows.

Q5 from Telegram user @Boylut

Regarding YOP on-chain governance, what kind of proposals customers could put forward and how do you aim to encourage users to actively participate in the governance of the platform, will there be incentives for doing so?

Atif Yaqub: Yes we have built incentives for staking and governance. This creates longer term token holders and therefore a more smoother governance process. We will publish the formula in our protocol and token paper.

Q6 from Telegram user @paul_adebayo

How do you intend to attract community members to your $YOP platform. Any reward or incentives for users of your platform.

Atif Yaqub: Good question – details on the YOP Diplomat Club coming very soon. Stay tuned. Come Earn $YOP. @YOPfi

Q7 from Telegram user @winterkom

–  How much participation do YOP’s private investors have in the management of the project? Do they have a say in the conduct of changes to the YOP protocol?

Atif Yaqub: We have chosen investors who are long term partners. They will support the project in various ways. So yes they will have active input and we also welcome community feedback and ideas.

Q8 from Telegram user @ ThinhLe1219

Hello Mr. @AtifYaqub What do YOP want to achieve through the AMA with Satoshi Club today?

Atif Yaqub: We want to share our project, welcome the Satoshi Club community to YOP and hopefully reward the active participants along the way. Welcome to YOP!

Q9 from Telegram user @konditer_rolex

You synthesize data from all liquidity platforms into one application, and the application becomes a combine of DeFi tools. Farms, swap, wallet, etc. This is all cool but my phone has 3 GB of RAM and not very many cores.We don’t need Large Hadron Collider for the app to work properly?

Atif Yaqub: With the latest technology and new architecture we can create a faster and less CPU intense application. So don’t worry you will not need super computer to run YOP! :smiley:

Q10 from Telegram user @Tomekruz

Who can benefit the most from the tools you provide at YOP?

Atif Yaqub: Our logo should answer the question. Newbie and advanced alike…

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram :https://web.telegram.org/#/im?p=%40yopfi

Twitter: https://twitter.com/yopfi/

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Kerberos Finance and our guest was Lance. The AMA took place on 19^th December.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: Good evening, dear community!

We conclude our today’s AMA marathon with a very interesting project.

D. | Satoshi Club: hello again Satoshi Club!

Gold Rocket | Satoshi Club: We are present to your attention our AMA with Kerberos Finance.

Today our guest is @kbr_fi!

D. | Satoshi Club: @kbr_fi welcome to Satoshi club!

Gold Rocket | Satoshi Club: @kbr_fi how are you doing?

K | Owner of Kerberos Finance: Hi, I’m fine & doing well. Thank you

Happy to be here in the Satoshi Club community and present our project, Kerberos Finance!

D. | Satoshi Club: nice! welcome!

Gold Rocket | Satoshi Club: Thanks for joining.

Tell us a bit about yourself before we hear about your project

K | Owner of Kerberos Finance: Thanks for having me!

Yeah, hello everyone, my name is Lance (K is just nick-name).

I’m the Project Leader of Kerberos Finance project

I have started the project back in Oct 2020, and have been working with an amazing and diverse team up to this point.

So what is Kerberos Finance?

We’re creating the community ecosystem in which we have introduced 2 products:

– $KBRF: Yield Farming, Staking and more.

– $kAIDES: Fully Decentralized Gamification.

And the last core of the platform will reveal in Q1/21

Gold Rocket | Satoshi Club: it is very interesting! which core, if not a secret?

K | Owner of Kerberos Finance: the last one will be the platform core, sorry I can’t spoil now 🙂

D. | Satoshi Club: ok, we understand  can you tell us, briefly about your team members as well? how many people work at your project?

Gold Rocket | Satoshi Club: Ok! promise to share with us after the release

K | Owner of Kerberos Finance: Our team has 4 members

Eden – Solidity Developer

Fin – FE Developer

Grace – Designer

and me

Sure I will 😀

Gold Rocket | Satoshi Club: Not a very big team!

K | Owner of Kerberos Finance: Yes, that’s the reason why our team must work 12-15 hours everyday 😀

Gold Rocket | Satoshi Club: Thanks for the great intro! Can we proceed to the questions of part 1?

K | Owner of Kerberos Finance: I’m ready

D. | Satoshi Club: we hope your project will grow up as is your team

Gold Rocket | Satoshi Club: We wish you success in your work!

K | Owner of Kerberos Finance: Thank you so much! No matter what the result is, it’s an unforgettable experience !

Q1 from Telegram user @yellowchamp

Many Defi Yield Farming in the market nowadays. So as a new entry in the market , what is the edge and strongest point of Kerberos Finance that investors will choose to invest and trust with you with their single penny out of hard work and effort? Can you share some legitimacy of your platform? Does your platform already undergo with some audit? How about your Smart Contract?

K | Owner of Kerberos Finance: An interesting question, yeah, there’re so many many Defi Yield Farming in the market nowadays, but our platform applies this unique point:

Buyback & Burn Mechanism:

The yield generated from holding these assets are paid in-kind on the highest-yielding platform. When a withdrawal is made, the smart contract calculates the profit and splits up the assets into 3 distinct portions (47.5%, 47.5%, 5%). These portions are:

– ‘The Buy & Burn’ (47.5%): This portion is converted to ETH, and buys back the KBRF token from Uniswap, thus increasing it’s market value.

– ‘The Compound’ (47.5%): This portion is left on the platform and reinvested back into the KBRF vaults, creating an autonomous money pile that continually compounds to make money.

– ‘The Rest’ (5%): The remaining 5% is retained in the governance wallet for future developments and covering gas costs

More details: https://docs.kerberos.finance/kbrf/how-kerberos.finance-works/

Gold Rocket | Satoshi Club: Tell us please about your tokenomics btw

K | Owner of Kerberos Finance: About Contract Audit, we’ve contacted to Trail of Bits & Certik. Any updates will be announced soon.

Token Name: Kerberos Token

Token Symbol: KBRF

Token Address: 0x5255bb2de3ee6ca1ba729a9f0558e99da4d43303

Total Supply: 50,000 KBRF

– 30,000 reserved for liquidity mining.

– 16,000 for sale & liquidity lock.

– 3,000 for future incentivization of community contributions and airdrops.

 – 1,000 for dev fund.

Gold Rocket | Satoshi Club: Everything is clear to me! Do you want to add something? Or can we move on to the next question?

K | Owner of Kerberos Finance: You all can refer our smart contracts via:

– Token: https://etherscan.io/address/0x5255bb2de3ee6ca1ba729a9f0558e99da4d43303#code

-ETH vault: https://kovan.etherscan.io/address/0xd4931090ae73e1320b83437119717064eef63fcc  –

– USDT vault: https://kovan.etherscan.io/address/0xea67f6cf6a72ea1900368daea23dae6357dbeb7b 

– DAI vault: https://kovan.etherscan.io/address/0x573bcbc92c56eaf695b278137e601ce1d573f2e8 

Source code will be public on our Github repo soon

Gold Rocket | Satoshi Club: Thanks for sharing

D. | Satoshi Club: thank you! waiting news about your audits and your code!

Q2 from Telegram user @Winterkom

– Kerberos Finance currently has 2 heads ($KBRF and $kAIDES). My question is, will these be the only Kerberos divisions or will there be a 3 head?

D. | Satoshi Club: nice question can we expect third token?

K | Owner of Kerberos Finance: Hahaa, it might be crazy if our team releases 3 heads at the same time 😀

Eden, our main Solidity dev, will not have sleep time 😀

Yeah, as I have mentioned above, the 3rd head will be the core of the Kerberos Finance platform. But I can’t spoil now

Btw, Kerberos, in many religions, not only has 3 heads 🙂

D. | Satoshi Club: got it! so what we can expect from Kerberos in the nearest future? maybe some events?

Gold Rocket | Satoshi Club: we understand you!  Is there something to add or jump the next question?

K | Owner of Kerberos Finance: It will be ready and introduced in Q1/2021

D. | Satoshi Club: gotcha

Gold Rocket | Satoshi Club: share a roadmap?

K | Owner of Kerberos Finance: You can check our roadmap via Litepaper: https://kerberos.finance/docs/litepaper.pdf/

it will reveal something 😀

Q3 from Telegram user @samuelstook

One of the features of Kerberos Finance is Blood Spirits, which is a flexible burn rate. What is the difference between Blood Spirits and other normal Burns?

K | Owner of Kerberos Finance: Our platform recommends strong hold & holders/farmers will receive interest from token value

the flexible burn rate per tx will punish weak-hands who sell their tokens too soon

D. | Satoshi Club: so – never sell?

K | Owner of Kerberos Finance: The cheaper token price they sold, the more fee they will be punished

hahaa, no bro, when the price at 10 times of the presale price, the fee is 1% only

D. | Satoshi Club: got it.  so don’t you think this system could be somehow vulnerable for some manipulations?

maybe people will find ways to abuse your mechanism somehow

K | Owner of Kerberos Finance: Absolutely, some whales can manipulate the $KBRF price, but it’s only temporarily. Thanks to buyback&burn, the total supply will become more and more scarce & valuable in the long term period

D. | Satoshi Club: understood

i think we go to the next question, ready?

K | Owner of Kerberos Finance: Yeahh

Q4 from Telegram user @Jonahapagu

The kerberos Finance team started from betabros community….this is the first time I’m hearing about betabros… what is this betabros project all about and what responsibilities did your team have when they were with betabros community and why did they decide to create a different project outside betabros

K | Owner of Kerberos Finance: It’s hard to say, well, betabros represents for yfbeta – an interesting Defi project launched on Sep 2020

Unfortunately that yfbeta project can be marked as dead atm, when the main dev left

we started and resolved what yfbeta couldn’t finish with $KBRF

Gold Rocket | Satoshi Club: Nice!

K | Owner of Kerberos Finance: The reason why we didn’t take responsibility for developing yfbeta continually is the main dev has rugged betabros

so zero trust now

Gold Rocket | Satoshi Club: it happens in the crypto world. the main thing is to make the right conclusions in time

D. | Satoshi Club: oh, that’s very sad

Gold Rocket | Satoshi Club: Thanks for the answer!

K | Owner of Kerberos Finance: anw betabros is one of the best community our team’s joined

very friendly & constructive

D. | Satoshi Club: yep, sadly, there are so many rugs in DeFi world, but at the same time lots of good community projects as well.

Gold Rocket | Satoshi Club: Can we proceed to the next question?

K | Owner of Kerberos Finance: My pleasure

Q5 from Telegram user @NataliyaKil

Your site has 2 buttons: 1. Join the pre-sale and 2. Try the beta. After clicking them, I received the following response from the platform: “The transaction is not supported in the mobile browser. Use a desktop browser instead.” In the modern world, mobile communications are practically the first in terms of use, because they are affordable. Accordingly, mobile versions of sites are welcomed first of all. What solution can you offer me in this situation if I want to use the mobile version?

D. | Satoshi Club: lots of people in the world don’t have PC or laptops

Gold Rocket | Satoshi Club: do you have a mobile app in your plans?

K | Owner of Kerberos Finance: Nice question

Fin, FE dev & Grace, designer are taking responsibility for developing our website v2.0 with simple UI & UX

About the warning “The transaction is not supported in the mobile browser. Use a desktop browser instead.”, our beta vaults support Metamask wallet & WalletConnect for depositing only

Gold Rocket | Satoshi Club: @NataliyaKil still there is a solution for you

K | Owner of Kerberos Finance: with many steps of depositing/withdrawing, it’s unsecure & not convenient when using mobile version, so we decide not to release mobile version at the same time with website v1.0

Gold Rocket | Satoshi Club: @kbr_fi next question?

K | Owner of Kerberos Finance: Fin & Eden should look out hahaaa

Readyyy

Q6 from Telegram user @Pratze

You said that Kerberos using Compound Strategy for yield farming. Compound Strategy offer a different pool to each token, that also mean deposit and with drawn completely independent, but can you give explanation why did you use this strategy? What is the benefit for both user and kerberos?

K | Owner of Kerberos Finance: I remembered that someone has asked Eden this question already

This strategy not only helps us analyze the interest and choose the right way easier at the beginning, but also implement buyback & burn mechanism more effectively. Additionally, investors/farmers can benefit from the optimal APY

Gold Rocket | Satoshi Club: Share links please on this issue

K | Owner of Kerberos Finance: Let’s check it our if you all have time: https://docs.kerberos.finance/kbrf/how-kerberos.finance-works/

Gold Rocket | Satoshi Club: Thanks a lot!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @bathulosnom

Kindly tell me about the second token. You said that there will be no team token and no pre-sale. If there is no pre-sale than how can I get $KAIDES token?

K | Owner of Kerberos Finance: Many people concern about $kAIDES

kAIDES is a fully decentralized blockchain gamification & a part of Kerberos Finance platform. Refer: Docs

You can own$kAIDES through 2 ways:

– Buy it on Uniswap after listing

– Own more than or equal to 5 $KBRF. Our teamteam will snapshot all $KBRF holders with a 5+ $KBRF balance after 1 week of $KBRF Uniswap listing. You can claim kAIDES corresponding to the amount of $KBRF you own.

Q2 from Telegram user @Nickkiii

Give us more details on the $KBRF presale, what form of cryptocurrencies would be accepted for investing, how many rounds, what are the minimum and Maximum capital allowed for investment ?

K | Owner of Kerberos Finance: The pre-sale is starting on Wednesday the 16th of December and ending on Thursday the 31st of December at 4:00 PM UTC. We will be distributing 10,000 KBRF. Until the 24th of December the price will be 0.04 ETH. After the price will be 0.045 ETH per KBRF.

Presale URL: https://presale.kerberos.finance/

Token allocated: 10,000 KBRF

Conditions: 0.1 ETH min. & 5 ETH max. per address

HC: 400 ETH & no SC. You can find more here

Q3 from Telegram user @cryptovgh

You have mentioned in your article that

•  No Pre-sale.

•  No Dev Fund.

•  No Marketing.

Is this mentioned only for kAIDES ? Because according to your website KBRF pre sale is live now. Please explain this @kbr_fi

K | Owner of Kerberos Finance: We have introduced 2 products:

– $KBRF: Yield Farming, Staking and more.

– $kAIDES: Fully Decentralized Gamification.

Pre-sale is live now with $KBRF, the article you read is for $kAIDES

Q4 from Telegram user @Winterkom

–  Are there any benefits or incentives for users to try the Kerberos testnet? When the official launch of this platform occurs, will there be any kind of reward for early adopters?

K | Owner of Kerberos Finance: We always encourage the constructive ideas, and ready to pay through community fund

Q5 from Telegram user @kathdm

After Thursday the 31st of December at 5:00 PM (UTC) users will be able to claim their purchased KBRF by clicking the claim button on the pre-sale page. Is there any incentive you offer for users to hold their long term tokens and not sell them instantly?

K | Owner of Kerberos Finance: Our listing plan:

$KBRF: when reach the HC or Dec 31 2020

$kAIDES: Jan W2 2021

$KBRF holders can farm with attractive APY & receive $kAIDES as well

Q6 from Telegram user @Antoni_azx

KERBEROS has destined a part of 19000 tokens to be added to the Uniswap liquidity lock. The specifific amount for this part is not detailed in your litepaper. How many tokens do you plan to put in the liquidity locked pool and how long will be locked?

K | Owner of Kerberos Finance: Thanks for your concern, we will update the docs

19,000 tokens:

– 10,000 for pre-sale

– 2,000 for betaswap

– 4,000 for Uniswap listing

– 3,000 for community

Liquidity will be locked 1 year

Q7 from Telegram user @cryptovgh

Where is this project name (KERBEROS) coming from ? And also there are 3 foxes in your logo. What is the meaning of this logo and the project name? and what is the relationship with foxes to the project?  @kbr_fi

K | Owner of Kerberos Finance: hahaa, interesting question, Grace should recheck her design

Kerberos is our mascot, Kerberos aka Cerberus referred to as the hound of Hades (Áïdēs) in Greek mythology, a multi-head dog that guards the gate of the Underworld.

It symbolizes for power and responsibility

Q8 from Telegram user @SutedjaDian

You said that contract will be audited by Trail of bits and CertiK. Why two company? Fine you think that it will cost extra money? When staking program will launched?

K | Owner of Kerberos Finance: We’ve contacted both of them, and will consider which’s better

Q9 from Telegram user @Alika061

How long will liquidity be locked by the $KBRF toke and does the #KarberosFinance team get rewarded if for example your team provides liquidity when registered on Uniswap later, then does #KarberosFinance itself not hold a pre-sale then how much is the amount of support in tokenomics to share the $KBRF token ?

K | Owner of Kerberos Finance: $KBRF Liquidity lock: 1 year, and the reward will be depositing into vaults, not dev fund

Q10 from Telegram user @jangrihwa

Why does Kerberos Finance have members consisting of Eden, Fin, Grace and the initials K. How did you come together in making the Kerberos project?

K | Owner of Kerberos Finance: We’re worked together for a long time in blockchain field, so we can work collaboratively and without any distance

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/kerberos_finance/

We are pleased to announce our next AMA on December 21st 2020 at 06:00 PM UTC Time: Satoshi Club x MirrorBASE Protocol

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join MirrorBASE Protocol 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. MirrorBASE Protocol Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about MirrorBASE Protocol

For more details:
MirrorBASE Protocol – @mibaseprotocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Coinrexi project and community questions.

Hello, Satoshi clubbers and guests of this site. We are pleased to present you a project called Coinrexi.
This crypto project has several products that are being developed to bring cryptocurrency to e-commerce. The primary product of development has been the CR token, which is used to facilitate transactions for products, goods, and services. Another product that has been developed is the Coinrexi Marketplace; this is a decentralized platform where users can buy or sell products using CR tokens and other cryptocurrencies like BTC and ETH, Additionally, COINREXI (CR) is actively developing a revolutionary mobile mining app that enables smartphone users to mine CR token by simply downloading the Coinrexi app on their device.

The plan of AMA session:

1. Part – Introduction and preselected questions.
2. Part – Live questions
3. The Quiz about Coinrexi

The reward pool is 600$

The AMA presenters are our smart and fun administrators:

Mary | Satoshi Club – @madamlobster and D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Lisa Green – @lisagreencoinrexi – Group moderator @coinrexi Crypto expert | investor | Consultant

Introduction of Coinrexi project

Mary | Satoshi Club:

Hello, Satoshi Club! We are happy to announce our AMA session with Coinrexi! Welcome to Satoshi Club😀

D| Satoshi Club:

Hello Satoshi Club! 👋 @Alexandertimayev @bryaniAndre how are you doing guys? 😊

Lisa Green:

Hello everyone

Mary | Satoshi Club:

Hello and welcome here 😀 How are you today?)

Lisa Green:

Thank you. We are good today and you?

Mary | Satoshi Club:

I am fine as well! Let’s start our AMA)

Lisa Green:

Alright

Mary | Satoshi Club:

Could you please introduce yourself and Coinrexi project? 😀

Lisa Green:

Ok, I’m Bryan Andre the project manager for Coinrexi.

Coinrexi is the project developed to cut costs on transactions and speed up the processes involved in transactions. Removing every form of third party payment integration making the process less stressful and easy to use.

Lisa Green:

With me is our COO Mr. Alexander

Mary | Satoshi Club:

Great😀 it’s ambitious) Sure, he can write in the chat also😀How old is Coinrexi?

Alexander Timayev:

Hello Mary.

Mary | Satoshi Club:

Hello, Alexander😀 How did you get involved in Coinrexi?😀

Lisa Green:

Coinrexi has been a plan for about a year now, but we stay making moves in September this year.

Mary | Satoshi Club:

Got it😀 nice moves👍

Alexander Timayev:

Well, I’m the chief operating officer.

D| Satoshi Club:

Sounds good! 👍 thank you for the intro guys! are you ready to hear questions from Satoshi Club? 😊

Lisa Green:

Seems Alexander wants to give us a full description of himself 😊

Mary | Satoshi Club:

Oh, of course 👍

D| Satoshi Club:

Sure! we can wait 😊

Alexander Timayev:

We started this project in September. I met my partner Bryan at a crypto conference in the UK. we had the same goals to develop a token that makes transactions seamless.

D| Satoshi Club:

Nice! awesome goal! transactions on Ethereum are very painful for everyone now😄

Mary | Satoshi Club:

Yes, I see conferences bring us a lot of great ideas and partnerships 😀

Mary | Satoshi Club:

So, guys, ready to start with the questions from our community? Yeah, since the growth of blockchain technology. Many people have been trying to solve second order problems that may arise in the world of digital currency. So we started this project looking forward to making a huge impact on the market.

Lisa Green:

Yea. We ready for the questions let’s begin 🚀🚀

D| Satoshi Club:

Let’s gooooo!

Preselected questions about the Coinrexi.

D| Satoshi Club:

Q1 from Telegram user @yiselen

I understand that participants who write up for the pre-sale will receive 5x $ CR token as an air-launch in the Token distribution that will be on January 1, 2021, what requirements should I meet to participate, and when this distribution would be interchangeable?

Lisa Green:

Yea this is for investors who participated in the presale and purchase up to 10eth worth of $CR we will be using this as an Airdrop to investors with large some of the token in their possession.

Mary | Satoshi Club:

So, it will be like a very sweet bonus)

Lisa Green:

Also with the launch of our marketplace by January, this will be great to start getting the token globalized.

Alexander Timayev:

Yes, sure.

D| Satoshi Club:

Your presale is running now?

Lisa Green:

Yes it’s on already

Mary | Satoshi Club:

Great, so everyone can join and get Airdrop later😀 if they can afford 10ETH, of course)

D| Satoshi Club:

You can drop a link in the chat if you want about pre-sale and details.

Alexander Timayev:

https://coinrexi.io

Lisa Green:

🚀COINREXI $CR Presale is LIVE.

Coinrexi is an e-commerce based token that is designed to help bridge the gaps in transactions.

Learn more about the project in this blog:

https://coinrexi.medium.com/overview-of-the-coinrexi-whitepaper-5fba92b1e080

💡 TOKEN INFORMATION:

▪️Project Name: Coinrexi

▪️Symbol: CR

▪️Token Blockchain: ERC-20

▪️Total Supply: 100,000,000 CR

▪️Features: Decentralized finance, liquidity mining

💡 TOKEN PRESALE DETAILS

Presale Supply: 20,000,000 CR

Presale Price: 0.000049 ETH (21300 CR = 1 ETH)

contributions.

Softcap/Hardcap: 300 ETH/1000 ETH

✔️Min/Max Buy: 0.3 ETH/200 ETH

💡 Connect with us on our official social media channels:

Follow us on Twitter:

https://twitter.com/coinrexi

Join our official Telegram Group: https://t.me/coinrexiupdates

Mary | Satoshi Club:

Thanks😀

Lisa Green:

This is a full and detailed overview of the presale

D| Satoshi Club:

Nice! thank you for your answer! I think we can go forward to the next question?

Lisa Green:

0.3 eth is the minimum purchase for the presale. Ok 👍

D| Satoshi Club:

Q2 from Telegram user @Cakelov

From your whitepaper, I read that you want to create a place like eBay, Amazon, etc which bring together buyer and seller in one convenience marketplace using payment Coinrexi Token, actually, it’s really nice but are there any requirement for the seller to join in your platform? Or all sellers from around the world can join in Coinrexi marketplace? How did Coinrexi choose their alliance (seller) to join? because its possible some of them are trying to scam the buyer

Lisa Green:

This is the core value of Coinrexi as a project built with blockchain technology, considering the existing platforms Coinrexi is bringing a different view to e-commerce.

1. Adding blockchain to the e-commerce process
2. Transparency in transactions from buyers to sellers is to stop every form of scams

Mary | Satoshi Club:

Will you have any special requirements for sellers to join?

Lisa Green:

The requirement will be close to that Brave browser, that is facial identification, ID card of state, or driver’s license.

Mary | Satoshi Club:

Got it, thanks!

Alexander Timayev:

Well, there are currently no requirements for sellers to join. They only have to choose CR as their medium of payment. Since our goal is to make transactions on e-commerce seamless for our customers, we only choose sellers that are willing to accept CR as their only medium of payment. So with this in place transparency in transactions can be achieved so there won’t be any scams.

D| Satoshi Club:

Ok, got it

Mary | Satoshi Club:

Ready to go to the next question?

Lisa Green:

Yes

D| Satoshi Club:

Q3 from Telegram user @KevSalom

Since $CR is a token that works with the Ethereum network, it is mandatory to ask: How much will be the fee for each transaction? How expensive will it be to pay with $CR in any business (physical or digital) that accepts this token with a payment method?

Lisa Green:

The fear of gas fees is what many people have talked to us about, but our plan is to collaborate with other large e-commerce platforms to increase the transaction speed which in turn will reduce the expenses for our customers

D| Satoshi Club:

How you will do this? Do you have a new approach and technology?

Alexander Timayev:

Just like how the lightning network creates a smart contract between two users that’s secured with initial capital deposited on the blockchain. Any disputes which come up will be settled automatically, this technology will be adopted and will speed up transactions heavily.

Alexander Timayev:

Just like the bitcoins SegWit, we will take similar measures to speed up transactions, which inherently results in lowering the overall transaction fees. we will also consider building networks that would rapidly process transactions and reconcile them.

Mary | Satoshi Club:

Thanks, guys! Ready for the next question?

Lisa Green:

We’ll just have to say it here, we’ve already partnered with three large platforms in the space Jumia an Africa giant in e-commerce, and two others in Asia. We are currently working on our API which will be used as a for payment on their platform by next year. Our developers are on this as we speak. Yes.

D| Satoshi Club:

👍 Great!

Q4 from Telegram user @samuelstook

According to your whitepaper, Coinrexi claimed that “Our members’ privacy is of the utmost importance”. In the next chapter, in the Solutions for sellers section, there are Advanced Customer Analysis Tools, which are mechanisms to constantly gather, analyze, and process customer data. Aren’t those two sentences a contradiction? How do you secure buyer privacy while you provide analysis to the seller using this data?

Lisa Green:

Yes, that’s true. Every application that will be used in the Coinrexi market place will be developed by our developers, this is to ensure security for our customers, every data in the system is only available to the community

D| Satoshi Club:

How many developers in your team?

Lisa Green:

We have a team of 8 members working with us, 1 Blockchain developers, 2 web dev’s, 1 project manager than the others are the co-founders.

D| Satoshi Club:

Good number. you have all people you need to make a good product 👍

Lisa Green:

Thank you

Mary | Satoshi Club:

And I found on your site these🤷 80 team members?

Lisa Green:

Wow this is quite a typo from our developers

Mary | Satoshi Club:

Oh, got it😂

Lisa Green:

It’s 8, not 80 sorry guys

Mary | Satoshi Club:

Thank you! Ready to go to the next question?

Lisa Green:

Thank you for that. Yes.

D| Satoshi Club:

Q5 from Telegram user @Arisabela

In your whitepaper tokenomics for $CR, 400% of tokens are destined to the team. Wow! That’s a huge percent. Is it a mistake or something? By the way, how big is your team?

Lisa Green:

That’s 40%, not 400%  we’re just eight in number for now although we have plans on adding more members in the future

Mary | Satoshi Club:

Oh, some typos. I see, this question was partially covered before, so, can we go to the 6th and last from this part?

Alexander Timayev:

We are really sorry about that 🙏🙏

Lisa Green:

Alright continue

D| Satoshi Club:

Q6 from Telegram user @GoldRocket27

I was interested in the fact that you want to release a mobile mining application, but at the same time, you say that it is not really mobile mining. Please clarify how much the smartphone will be loaded, what will determine the number of coins received?

Lisa Green:

Most people get confused 🤷‍♂️ with this part, alright it also under our 12% airdrop for the community to be mined with their mobile phone. Thank you for the questions.

Mary | Satoshi Club:

And thank you for your answers 👍 Ready to go to the live part?

Lisa Green:

Alright.

D| Satoshi Club:

Thank you, guys! now we go to the second part – live questions! We will open chat for 120 seconds.

Mary | Satoshi Club:

Let’s go 🚀

PART 2.Questions about the Coinrexi project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 100 seconds. Then the guests from the Coinrexi project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Winterkom

The CoinRexi team wants to develop an app that allows you to mine $CR directly from a smartphone, my question is, is this really effective on mid-range smartphones?

Alexander Timayev:

Yes, it will be. it will be optimized to work on mid-range smartphones.

Q – 2 from a telegram user @justgata

The Coinrexi Marketplace plans to launch in January and February 2021, and it is defined as a decentralized version of eBay or Craigslist. What type of products will be available in the Coinrexi Marketplace? What currencies will be available to buy and sell these products? Can only the CR token be used?

Lisa Green:

The market place is full e-commerce every category in the live market place will be featured with time.

Q – 3 from a telegram user @DiegoRME

I have not yet bought my CR tokens but I don’t know how I can obtain these tokens, so can you tell me the steps to participate in your presale and what would be the price of the token, and what would be the minimum amount I can buy?

Alexander Timayev:

Okay, you can buy our token on our website.
STEPS
FOR METAMASK USERS

1. Click on Your MetaMask Extension and connect your MetaMask wallet with this web page and refresh the page.

2. Enter an amount of ETH you want to invest, then click “BUY CR” Tab and confirm on MetaMask.

FOR TRUST WALLET & MEW WALLET USERS

1. Send ETH to the COINREXI (CR) Presale address “0x8dd2f84C4d2E5D6E0Cb3F14A6Fa8cc20c936798d” from a non-custody wallet (MEW, Trust wallet, Metamask). Do not send Eth from an exchange.

Q – 4 from a telegram user @leixagarcia

The CR mobile application will allow us to extract the CR token simply by downloading it. Will this be forever? Or is it a temporary promotion to win more users?

Lisa Green:

This is to increase our user base, it not forever it’s about 12% on our token metrics.

Q – 5 from a telegram user @PyaraLarka

Ethereum gas fee is so high for ERC20 tokens at the moment so what are the minimum limits to buy $CR tokens in pre-sale?

Alexander Timayev:

0.3 ETH is the minimum.

Q – 6 from a telegram user @Smartosky1

You said earlier that you’ve collaborated with the Jumia online store in Africa, will you also have physical stores so as to also positively impact the non-crypto market?

Lisa Green:

Our API comes with a web3 integration so that will be added to the Jumia application to enable any crypto user to purchase products with our token.

Q – 7 from a telegram user @Alika061

When can operators start accessing the platform and registering for the #CoinRexi network and when
will be the launch of the #CoinRexi market, then how will investors benefit when following the pre-sale of the $CR token, has the $CR token issued a price for the $CR token?

Lisa Green:

Ok, right now the minimum price is 0.3eth for investors who purchase with up to 10eth as we have promised 5x on distribution which is on 1st of January 2021.

Q – 8 from a telegram @cryptovgh

In E-commerce recently we are facing the issue of inflation. How are you going to overcome this major issue with CR? Do you have any plans to overcome this?

Lisa Green:

This is why the project was developed to solve all this issue of inflation, what ever price a product has in the market place won’t be tempered due to inflation.

Q – 9 from a telegram user @adamlike

Bitcoin has very old tech and inefficient in energy usage. Can you tell me what techs make Coinrexi better than its competitors??

Alexander Timayev:

we are aware of this and we are working towards that too. how are we doing this?……..we are going to adopt proof-of-stake validation instead of the proof of work which consumes more energy. This proof of stake involves giving a person validation or mining privileges that relate to how many cryptocurrency coins they have. when people start to take part in the method, then cryptocurrency will have to surrender to do so, similarly to holding them in an escrow account. so if people fraudulently validate a transaction on the blockchain, they lose their staked coin, and also their ability to approve future blockchain entries.

Q -10 from a telegram user @Missqueen2601

Currently, most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice on why they should buy and hold this token/coin in the long term?

Alexander Timayev:

Well, from the direction the world is going to. buying CR tokens will give you the power to make transactions on our e-commerce platforms. we will also take actions that will align with the client’s risk and return profile. we will adopt decentralized asset management which will focus on investment advice.

Part 3 – Quiz about project

In the final part, we would like to check your knowledge in terms of the Coinrexi project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 400$ was distributed between the winners.

Our contacts for more details: 

English Telegram group | Russian Telegram group  | Spanish Telegram group  | Telegram Channel  | Twitter | Website 

Our Crypto Partner by this AMA: Coinrexi

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  Medium  

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from SMARTS Finance and our guest were Hillary Sam and Anthony Paul. The AMA took place on 15^th December.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$.

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with SMARTS Finance! @hillary_smat @Anthony_bit welcome to Satoshi Club

D. | Satoshi Club: hello Satoshi club!

@hillary_smat @Anthony_bit hello and welcome!

Hillary Sam | Smarts.Finance: Thanks we’re glad to be here

D. | Satoshi Club: nice to see you here!

Mary | Satoshi Club: How are you today?

Anthony Paul | Smarts: It really nice to be here.

Hillary Sam | Smarts.Finance: Very good. How about you Mary?

Mary | Satoshi Club: I am fine, thanks! As you all are here, could you please introduce yourself and SMARTS Finance to our community

Hillary Sam | Smarts.Finance: I’m Hillary Sam, and my colleague is Anthony Paul. We’re the co-founders of SMARTS Finance.

Mary | Satoshi Club: You have 2 founders or more?)

Hillary Sam | Smarts.Finance: We have just two founders.

And a number of team members.

D. | Satoshi Club: nice to meet you guys! so what is your project about?

Hillary Sam | Smarts.Finance: Our Devs are three in number and they are experts from Spain.

Ride along with us as we take you through what Smarts Finance is all about.

SMARTS Finance is an innovative DeFi platform which offers services and products aimed at providing an autonomous, flexible money market on the ethereum blockchain

SMARTS Finance offers a sustainable model to token holder via

– A burning deflationary model

– Buyback mechanism using fees accrued from trading

– Distributed gas fee to minimize transaction cost by 100x folds

– Additional vesting of distributed tokens to minimize sell pressure in the open market

SMARTS long term vision is to add more value to the DeFi frontline via the power of community engagement, transparency, easy integration and adaptability. Also SMAT tokenomics is designed to be sustainable overtime because aside tokens apportioned for team, all generated fees and funds will be directed towards the project use and promotions which will see SMAT token appreciate over time especially for long term holders.

In a nutshell, Smarts intelligently combines all this strategies to deliver the biggest APY to investors

Done

D. | Satoshi Club: thanks!

Mary | Satoshi Club: Your vision is clear thank you for intro!

Hillary Sam | Smarts.Finance: Your welcome

Mary | Satoshi Club: And you will have possibility to explain more about SMARTS Finance while answering our community members questions  ready?

Hillary Sam | Smarts.Finance: Yes. Very ready.

Q1 from Telegram username @Ubik1337

I have read your Medium article about Token Generation Event. In this article you inform, that you will held 2 TGE events and for both those events you will minted 250000 SMAT. My question is – when are the rest tokens will be minted? If consider that at start your total supply, should be – 550,000 SMAT, as written on your website. Thanks.

Anthony Paul | Smarts: Permit me to come into the conversation and address the questions

D. | Satoshi Club: yes, please!

Mary | Satoshi Club: Of course

Anthony Paul | Smarts: Yes, 250k SMAT tokens are allocated for our TGE, which is 25% of the Maximum Supply (1M).

10% which is 100k tokens is allocated to the team and this will be vested for 2 years.

Also, 15% and 5% are allocated for Uniswap liquidity lock and Marketing respectively. The cumulative of these gives 550k tokens which is the Total Supply.

The remaining 45% of the Maximum Supply will be minted bit by bit as a reward for Liquidity providers, stakers, lenders, and those who take part in the Smarts governance.

Mary | Satoshi Club: Do you have dates when this event will take place?

Hillary Sam | Smarts.Finance: Are you referring to the Token Generation Event?

Mary | Satoshi Club: To all events

I mean minting

Hillary Sam | Smarts.Finance: Okay good

Our Token Generation Event will commence later today by 6:30pm UTC.

D. | Satoshi Club: nice! pretty soon

Mary | Satoshi Club: Ok, got it, thanks

D. | Satoshi Club: so all 550k tokens will be minted today?

Hillary Sam | Smarts.Finance: Minting of tokens allocated for stakers, liquidity providers etc. will take effect when we start launching our DeFi products and services which is timelined to start launching in the last quarter of 2020 and first quarter of 2021 according to our Roadmap.

Mary | Satoshi Club: So, you don’t have exact dates?

Hillary Sam | Smarts.Finance: Nop. Only 250k tokens is allocated for our TGE.

D. | Satoshi Club: ok, got it

Hillary Sam | Smarts.Finance: The dates will fall between now and the first quarter of 2021

Mary | Satoshi Clubadmin: Understand ready for the next question?

Hillary Sam | Smarts.Finance: Yes

Q2 from Telegram username @reinleoken

The APY yield is going to be announced when the dashboard goes live, but what percentage of APY can we expect, just give us a rough estimate? And lock in period too is yet to be announced, is there going to be penalty for leaving pool before the end of the lock in period! If yes what sort of penalty are we looking at?

Anthony Paul | Smarts: There is a need to conclude the TGE (Token General Event) before the reward allocations and distributions are released. For the sole reason of knowing the amount to workaround (in case there are some significant amount of token left out during the event).

We have a figure already with the potential to yield at least 200% APY for the first few weeks before the rewards are spread out on other products. This means participants of our liquidity program will be exposed to potentially higher rewards in the earlier days.

For our liquidity mining program, we have revised the lock-up period initial set at 6 months to 3 months in order to give flexibility to user’s open interaction as much as possible. The lock-up period was put in place to ensure stable liquidity is available for a decent amount of time. After this phase is concluded, withdrawn liquidity will compensate from the project reserve and resource.

Mary | Satoshi Club: Nice APY:

Anthony Paul | Smarts: Yes, it will be available for early participants.

Mary | Satoshi Club: And what about penalties? Or possibility of leaving pool?

Anthony Paul | Smarts: The pools will be locked up for 3 months.

There won’t be the possibility to leave the pool until the unlocking period

Mary | Satoshi Club: Oh, it’s clear  thanks

Ready to go forward to the next question?

Anthony Paul | Smarts: Also concerning our staking products, our whitepaper explains the staking periods and their distribution time.

Yes please.

Q3 from Telegram username @Highpee

Smart contracts are vulnerable to bugs, and even recently big DeFi projects were victims of this, with such security breach resulting in unplanned financial harm. How is the security system in Smarts Finance smart contracts? I am asking because in one of your recent interview, you said you are tackling this issue by making a deep assessment of your smart contract and ensuring it pass certification by your internal audit CTO. Do you you think internal audit alone is enough? Don’t you think you should partner other professional bodies such as slowmist, certik or others to audit your smart contacts?

Anthony Paul | Smarts: We are aware of the huge role security play in the success of every entity, most especially blockchain-based projects that are operating around the DeFi concept, and we know that managing it comes with a lot of responsibility. Security is #1 priority for us, and that is why we are engaging the services of well qualified developers in this area with conversant knowledge of blockchain for the development of our Smarts Contracts and products.

Yes, we said in one of our recent AMA that part of the security measures we’ve taken was making a deep assessment of our contract with confirmation that it is safe to interact with by our CTO.

Mary | Satoshi Club: Also, in your audit report you’re referring to this link https://github.com/SmartsFinance/smart/  , but it’s empty. Can you clarify about this?

Anthony Paul | Smarts: However, we also stated in that AMA that we will be engaging the service of professional bodies such as Certik to ensure the utmost safety of our Smart contract as we will be leaving no stone unturned.

Mary | Satoshi Club: Ok, that’s great, that you understand its importance

Anthony Paul | Smarts: I don’t think that is the right link

Let me fetch it over here

Mary | Satoshi Club: Yes:

I mean this

Anthony Paul | Smarts: Yes, that’s the file.

Or are you referring to the disclaimer?

Mary | Satoshi Club: I mean that you are referring here to your github and it’s empty. May be you have another link or you have some troubles with your github page?

Anthony Paul | Smarts: https://github.com/SmartsFinance/smart-contracts/

The Github is working fine

D. | Satoshi Club: yeah, this link works

Mary | Satoshi Club: Oh, then you put wrong link in your report now i see, that it’s ok!

Thanks, ready for the next question?

Anthony Paul | Smarts:Yes

Q4 from Telegram username @abujoans

SMAT is The governance tokens power the blockchain-based voting in Smarts ecosystem . They are often used to signal support for proposed changes and to vote for new proposals. For example MKR in Maker Protocol. Are you planning to issue other tokens like the Maker project at Smarts Ecosystem?

Anthony Paul | Smarts: For the visible future, we are not planning to launch additional tokens. SMAT will be the primary source under which all ecosystem functions and interactions will be footed.

It is the basis of value generation and distribution. SMAT will oversee governance function and their execution. It represents the mantle of power users in the network can use to influence how

• Operations are led

• Rules are set and

• The possible direction the project should take.

Mary | Satoshi Club: So, your users won’t be able to vote for new tokens launch?

If they will feel that there’s a need for them)

Anthony Paul | Smarts: If the need to do that arise and the community approve that, then that will be done.

But for now there is no tangible reason to issue additional tokens.

Mary | Satoshi Club: Nice

Yes, you just started, but we are talking about possible future plans

Ready for the next question?

D. | Satoshi Club: but people (your users) might be not understand your conception and how things in crypto work, don’t you afraid that they can bury the project by their decisions?

Anthony Paul | Smarts: Yes. If the need arise and is good enough to issue a new token then we may do that.

The governance function will have a set of rules which means only valid points can be expressed and established as there will be a consensus before a notion is put to its execution.

Yes please.

D. | Satoshi Club: got it, thanks for answer

Q5 from Telegram username @Fahruqh1

Everyone thinks that a successful blockchain or cryptocurrency project is measured by the price of their token and is less concerned with technology and its adoption in the blockchain world afterwards. So for SMART what success targets will soon be achieved beyond the price side?

Anthony Paul | Smarts: The keyword is “A Sustainable Ecosystem”.

Our long term vision is for Smarts Finance to remain relevant within the DeFi space without jeopardizing but rather improving on the basics and fundamentals of existing trends in the decentralized finance niche.

For us to achieve this, we need to build a sustainable ecosystem where users are given access to all available DeFi Services without any difficulty.

Mary | Satoshi Club: That’s Smart Finance goal, right?

Anthony Paul | Smarts:Yes. To build a sustainable system.

One way we can effect that is through a well-defined reward distribution model. As such, we will be introducing additional vesting of the newly distributed tokens given to investors as a reward for providing liquidity to keep the SMARTS Tokenomy healthy.

Mary | Satoshi Club: Ok, may be you have favourites in DeFi system who are like guiding stars for you?

Anthony Paul | Smarts: Another is by increasing the rate of adoption as a continuing interest in the project will ensure it keeps surviving and performing well.

Mary | Satoshi Club: Yes, community is a big force for project

Anthony Paul | Smarts: Compound gave viral use to DeFi and it’s concept, so they are body to be referenced.

We love Aave and Core too

Mary | Satoshi Club: Good choice

Anthony Paul | Smarts: Even though no system is perfect, what we aim to build upon are more use-case and dynamics to the already laid solutions.

Mary | Satoshi Club: Good luck with your own way, hope you will find your own amazing solutions

D. | Satoshi Club: definitely. thank you for answer! ready for the last question from this part?

Mary | Satoshi Club: Ready for the 6th and last question from this part?

Anthony Paul | Smarts: We are so committed to doing that.

Yes we are

Q6 from Telegram username @Coin4me

DeFi products and services are still at an experimental phase and call for cautions in their handling. Always afford to make your research and invest what you can afford to lose when you interact with their different components. Although, Smarts Finance will employ the versatility and experience of accredited auditing firms to ensure the safety of our contracts. Nevertheless, we cannot guarantee they won’t misbehave from faults due to bugs or other uncertainties. Use the products with care.’ I found this statement is posted on your site and as stated you are taking off any SMART Finanse’s responsibility for your users funds loss. Maybe, after all, members of your community and investors deserve, for example, insurance of their investments?

Anthony Paul | Smarts: DeFi is a relatively new form of financial system built on top of the blockchain. The fact that it is new explains why it comes with a lot of risks which might be as a result of bugs and uncertainties, and as you know no software component is entirely free from bugs.

Mary | Satoshi Club: That’s true

Anthony Paul | Smarts: In a bid to maintain transparency,  the information on our website is there majorly to sensitize our investors about the risks which comes with investing in the DeFi market despite the mouthwatering reward it offers.

Mary | Satoshi Club: So, just on their own risk, right?

Anthony Paul | Smarts: And no we don’t offer insurance. But will ensure we keep to the best security practise to make sure contracts and code are safe to deploy and use.

Our dev team have their major versatility in cyber security and protection and with such possession, we have the confidence to produce good products that are safe to interact with.

Mary | Satoshi Club: Got it

So, i wish you no bugs, just profits

Are you ready for the live part?)

Anthony Paul | Smarts: Lols.. Thanks.

Part 2 — live questions from the Telegram community

Q1. from Telegram user @KevSalom

I was very curious to see you say that you have “a distributed gas rate to minimize the transaction cost”. What does this mean? Is the rate divided among several transactions or something similar? And if so, wouldn’t this affect the speed of each transaction?

Anthony Paul: What this means is that. We want to limit the barrier to entry by finding a solution to one of the major concerns of the Ethereum blockchain.

What blockchain is set to do is to set people free from the traditional ways not try to enslave them more to it. And as you know it, we are enslaved to fees of all kinds in conventional settings.

We want to minimize this by providing low gas costs on certain products we can effect and integrate this into.

One way we can achieve this is by pooling deposits together and submitting them via a single transaction.

Q2. from Telegram user @AugusS7

the only benefits of being ported from SMARTS are “Smarts Staking, Smarts Lending & Borrowing, Liquidity, Mining and Agriculture”? Or really in the long term could they have even greater benefits, because of new applications developed?

Anthony Paul: We plan to add additional products that can benefit the system and users alike. We are restricted to pronounce such products right now as they are still in their planning phase.

 The aforementioned products are the services we offer.

Q3. from Telegram user @paul_adebayo

A lot of project are being abandoned because the developers cannot achieve the required capitalization. How can you make the project sustainable for its development

Anthony Paul: There are various mechanisms we have laid out to make the project sustainable. Our upcoming TGE which is happening at 18:30 UTC is one of the means we can acquire resource to ensure the project run for as long as possible.

Different decent marketing outlets have contacted us and we know working with them will give us the right exposure and usage we need.

Q4. from Telegram user @JesusFre1tes

Q: Blockchain allows the need not to trust, but to verify. The network contract and token permission implementation function with SMARTS FINANCE is located with unrelated members through a multi-signature functionality. How efficient is this method? Why not use an AI or bots as many other projects have done?

Anthony Paul: A function of such should be handled by humans.

I do not think AI has been effectively used or applied to such use-case.

Our multi-sig functionalities are handled by users who have the capability and sense to ensure its safety and usage.

The main purpose of the multi-sig usage is to make sure we operate in the TRUSTLESS way possible and prevent the possibility to rug or misuse resource.

Q5. from Telegram user @araceley

Was any major issues or vulnerabilities reported after the internal audit done by your CTO?

Anthony Paul: No. No vulnerability was found. The report of the audit is right in the chat during the first phase of questions.

You could read it’s content to confirm it’s authenticity.

Q6. from Telegram user @Reinleoken

Propose the listing of a new token market.” Aren’t you concerned that sketchy elements could accumulate $SMAT and use the vote to vote in sketchy tokens on your platform? Is there a system to prevent accumulating smart token?

Anthony Paul: This is a possibility. And we are planning to build a governance system that would thrive to mitigate bad practices and whale influences of many kinds.

Q7 from Telegram user @Alika061

Will it be registered right after the sale. Or it lists immediately when the hard cap is reached for the $SMAT token and when will the liquidity mining campaign start at #SmartsFinance? What to expect in the next quarter of 2021 in the last #SmartsFinance roadmap Do you have the roadmap.

Anthony Paul: The liquidity mining program will start along with our listing.

The contract is ready and at the final stage to be deployed.

To ensure there is an equal entrance to all participants. Deposits into the contract will be made before the token is listing at a set rate (which is the listing rate).

These are some of the measures put in place to ensure LPs are not exposed to very high price volatility which may affect the integrity of the pool.

Q8. from Telegram user @Antoni_azx

$SMAT holders will be able to redefine reward structure and their distribution. How often can be this changes made and what happens if a proposal gets less than 50 votes? Is it discarded forever or can be putted in the table again?

Anthony Paul: Yes, they will be able to vote for the rules and terms.

More information on how the governance system will work will be released when it is out for use.

Q9. from Telegram user @AmirJosh

10% of $SMAT tokens are allocated for the team and advisors. Is there gonna be a lock-up period for the teams token? How many months will it be lock and will it be gradually release.

Anthony Paul: Yes. There will be a linear vesting period over 24 months or 2 years.

Q10. from Telegram user @vedamatrix

I’m interested in network validators programs. Does Smarts include mining, node validator prizes or minting too?

Anthony Paul: This is well done by our upcoming liquidity program.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/smartsfinance/

We are pleased to announce our next AMA on December 27th 2020 at 03:00 PM UTC Time: Satoshi Club x SmartCredit.io

⚠️Click to see the hour
⚠️Total Reward pool: $3000

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join SmartCredit.io Telegram group

We will have the following structure:

Part 1: 500$ /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: 500$/15 users – Open chat for 100 seconds. You can post Max 3 questions. SmartCredit.io Team will select 15 questions and answer them.

Part 3: 2000$ – A quiz about SmartCredit.io

For more details:
SmartCredit.io – @SmartCredit_Community
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Satoshi Club is always happy to welcome projects that come back to us with incredible news. And today we would like to tell you about the AMA session with our friends from CoinZoom. The AMA took place on December 17 and our guest was Ben Crosland, the Cofounder and director of Business development for CoinZoom.

The total reward pool was 1000$ and has been splitted in 3 parts.

In this AMA Recap we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Mary | Satoshi Club: Hello, Satoshi Club! We are happy to announce our AMA session with CoinZoom! welcome to Satoshi Club:grinning:

GoldRocket: Good evening, dear community! We are delighted to welcome our good old friends from CoinZoom. Greetings @CoinZT! Welcome to Satoshi Club!

Ben Crosland | coinzoom.com: Hello everyone 👋 It’s great to be back. The community has grown quite a bit since our first AMA with you. Congratulations :tada:

GoldRocket: You’re right! a lot has changed since that time! but we are still glad to see you with us!:heart:

Mary | Satoshi Club: Yes, we always happy to see projects back:wink: and happy to hear news from them!

GoldRocket: Tell us a bit about yourself before we hear about your project

Ben Crosland | coinzoom.com: Yes, my name is Ben Crosland. I am the Cofounder and director of Business development for CoinZoom.

Mary | Satoshi Club: And besides intro could you share latest news from CoinZoom :grinning:

Ben Crosland | coinzoom.com: Yes! Wave made the top 50 of exchanges on CMC this month. Since launching in March of 2020 we’ve onboarded over 100,000 customers to the CoinZoom platform.

We also have a holidays giveaway

https://www.instagram.com/p/CHyaXZNDMpo/?igshid=1l4l9zqncukja

Mary | Satoshi Club: Wow, it’s really great achievements! I see you’re growing fast!:grinning:

Ben Crosland | coinzoom.com: Every card swipe and trade on the CoinZoom exchange gets you entered in the giveaway

GoldRocket: I will definitely participate and try my luck! 😉

Ben Crosland | coinzoom.com: Every $10 traded = 1 entry to the giveaway

Mary | Satoshi Club: Super cool!!! When it will end and we will know happy winner name?:grinning:

Ben Crosland | coinzoom.com: The Giveaway ends January 1st 2021. Winner will be announced January 5^th

GoldRocket: maybe it will be me 😁

Ben Crosland | coinzoom.com: It could very well be 😉

Mary | Satoshi Club: No, me:joy: Tesla is my dream:joy:

Ben Crosland | coinzoom.com: Tesla or BTC. It’s your choice 😊Winner gets to pick $50k BTC or the Tesla

Q1 from Telegram user @Jonahapagu

CoinZoom Is operating in the United States.. the US is known to have a lot of issues regarding the regulation of Crypto-Currencies and Cryptocurrency trading platforms, so how is CoinZoom coping with the regulatory demands there…Do you have plans of restricting most of your features to only residents of US

Ben Crosland | coinzoom.com: CoinZoom is following and complying with all rules and regulations for US. We have money transmitter licenses in all states required. The only state left is New York, the Bit License. We should be issued that License in Q1 of 2021. We are also a registered MSB with FinCEN in all 50 states and territories. Our services are not restricted to just US. We have over 100,000 customers in over 180 countries on the platform that are using CoinZoom on a daily basis to buy sell and trade crypto as well as free money transfer services. The CoinZoom Visa card is currently only available in the US but will be available in the UK, Europe, and Canada in the spring of 2021.

GoldRocket: I see that you have good lawyers!:+1:

Mary | Satoshi Club: So, rules will be the same for all countries?

Ben Crosland | coinzoom.com: What do you mean by that?

GoldRocket: How does the card get to anywhere in the world, for example?

Mary | Satoshi Club: I mean, for example, KYC will be required for everyone?

Ben Crosland | coinzoom.com: CoinZoom is available to everyone around the world except for countries that are on the OFAC list. For example: Iran, Iraq, Venezuela, North Korea, etc.

Yes KYC is required to register and use the CoinZoom exchange

GoldRocket: Europe? Ukraine for example?:wink:

Ben Crosland | coinzoom.com: Yes, CoinZoom is available there

GoldRocket: Yes I passed CoinZoom KYC. it was easy 😉

Ben Crosland | coinzoom.com: Yes it only takes a couple minutes

Q2 from Telegram user @phule13141912

As i can see,Using CoinZoom is not only intuitive for trading the crypto market, but also allows investor to spend their holdings in the real economy via the CoinZoom Visa card. How much ZOOM do I need to hold to get the CoinZoom Visa card? What will be the offer when I upgrade the card level ?

Ben Crosland | coinzoom.com: Great question. There are 5 levels of cards and they are all based on the level of ZOOM you are staking. You get the green “select” card for free. When you register with CoinZoom and deposit funds you automatically get the green select card and is activated immediately. Upon sign up you can started spending your crypto instantly. To earn cash back on the select card, you need to stake 1000 ZOOM.
Each Card level has more benefits and rewards. Staking 3,000 ZOOM gets you the “preferred” card. You can spend $1,000 per day and earn 2% back on every purchase.
“Gold” card you earn 3% back on every purchase and can spend $2500 per day. That requires 12,000 ZOOM staking
“Platinum” card gets you 4% back on every purchase and can spend $5000 per day. That requires a staking of 50,000 ZOOM
“Black” metal card gets you 5% back on every purchase, spend up to $10,000 per day. And requires 100,000 ZOOM staked

https://www.coinzoom.com/cards/

Mary | Satoshi Club: Which is the price of 1 Zoom now?)

Ben Crosland | coinzoom.com: ZOOM = $.0634

Mary | Satoshi Club: So, it’s not hard and expensive to get preferred card:grinning: And staking also gives income, right?

Ben Crosland | coinzoom.com: Correct. Staking gets you the cash back rewards. You can also earn interest on our exchange staking Algo and Dash.

GoldRocket: What card do you own? Btw

Ben Crosland | coinzoom.com: Black metal card of course 😉

Q3 from Telegram user @Brainchest

Tell us about AI pattern recognition. I could not understand how it works and how to enable this feature of the assistant in trading.

Ben Crosland | coinzoom.com: Hi. CoinZoom AI is a feature we looked to add but is not available right now.

Mary | Satoshi Club: What we will be able to do with it?

Ben Crosland | coinzoom.com: It is not a feature. We are updating our site. We will not be adding it to our list of features

Mary | Satoshi Club: Ok, understand 😀 Btw, are any new features that are coming to CoinZoom in the nearest future?)

Ben Crosland | coinzoom.com: CoinZoom allows users to spend their crypto at over 53 million locations worldwide and any VIsa ATM. Users can earn up to 5% back, using the CoinZoom Visa card. Our card is a true debit card. It is not a prepaid card like crypto.com
With the Crypto.com card, you have to sell your crypto and load the card first before you can use it. With the CoinZoom card, you preselect which crypto you’d like to spend. The transaction is all done at the point of sale. Our cards can be used at Hotels, rental car agencies and other places unlike like the prepaid cards of crypto.com and Bitpay.
The CoinZoom Visa card wil be available in the UK, Europe, and Canada in Spring of 2021.
CoinZoom also features a FREE money transfer service called ZoomMe.
ZoomMe is a P2P money transfer service. Think of Venmo or WeChat pay but for free and cross border. Most payment remittance systems like these are limited geographically and have super high fees involved. With CoinZoom’s unique wallet system we allow our customers to send and receive fiat or crypto to anyone around the world for FREE. How it works? Upon signing up with us, you will create a username for ZoomMe. Once that username is created you can share it with your friends and family all over the world. I sent BCH to my friend in Brazil in milliseconds yesterday. ZoomMe transfers Crypto instantly! If I had sent it out of my BCH wallet to his BCH wallet it would have taken hours.
CoinZoom will also be introducing margin trading, lending, and earning interest in 2021.

Mary | Satoshi Club: Wow, great feature! I think everyone should try it! Great job, Ben:grinning:

GoldRocket: What about the fees?

Ben Crosland | coinzoom.com: https://www.coinzoom.com/fees/

You can learn more about the fees here

Q4 from Telegram user @AmirJosh

CoinZoom Staking initially supports two tokens – Dash (DASH) and Algorand (ALGO). Why did you chose the two tokens as your initial tokens on staking? When will you plan to add other tokens for staking?

Ben Crosland | coinzoom.com: We have chosen Algo and Dash because of our unique partnership with our wallet provider BitGo. We will be adding more tokens to staking as we roll out earning and margin next year

Mary | Satoshi Club: What this partnership gives you?:grinning: Can you tell which tokens you will add?

Ben Crosland | coinzoom.com: It allows our customers to earn interest on Algo and Dash. I cannot at this time sorry

Q5 from Telegram user @konditer_rolex

What functions are available on the platform to improve the user experience? What can you offer traders for the convenience of trading, market analysis? After all, any little things are important. Sometimes even the absence of a dark theme or a chart that does not fit on the screen repels the user.

Ben Crosland | coinzoom.com: Yes, the platform offers charting that has over 100 key technical indicators, depth of market, and price chain analysis.

Mary | Satoshi Club: Nice:grinning: do you have feedback from traders?)

Ben Crosland | coinzoom.com: Yes, they love how fast their trades are filled. They also love our choice prices. Our matching engine is very quick and efficient. We also feature price improvement which our traders love.

Mary | Satoshi Club: Very nice! It’s important to listen to your community and i see you did it successfully 😀

Q6 from Telegram user @Arisabela

Recently everyone has been excited about Bitcoin breaking 21k barrier. Some platforms also went down for some minutes when that happened and panic where all over the chats. How did CoinZoom managed this volatity in the market? And what features do you recomment to exploit in you platform whiling this Bitcoin’s uphigh?

Ben Crosland | coinzoom.com: The platform has met demand. We have had 0 outages and our servers have kept with demand. Our customers are very satisfied with the stability of our platform and being able to benefit from the market rally :chart_with_upwards_trend:

Mary | Satoshi Club: Did you do something special for this?)

Ben Crosland | coinzoom.com: We have a world class tech team

GoldRocket: By the way, how big is your team

Ben Crosland | coinzoom.com: 30 on our team right now

Mary | Satoshi Club: Great! You can fight with any storm now!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @lahkoklu

Does CoinZoom have an app for users to make trading easier without opening a website and buying coins on the CoinZoom market, is it possible with the CoinZoom Global Debit Card?

Ben Crosland | coinzoom.com: Yes we have a mobile android and IOS app

Q2 from Telegram user @paul_adebayo

How do you ensure the safety of the digital currencies used by investors on $coinZoom. Any insurance policy in place to boast users confidence in $coinZoom.

Ben Crosland | coinzoom.com: Security and Insurance
The safety of clients funds is the main priority for CoinZoom. Cold storage Wallets are provided by BitGo, the leader in digital asset financial services. BitGo Custody carries $100,000,000.00 in insurance protections through a syndicate of underwriters through the Lloyd’s, the world’s specialist insurance and reinsurance market. And this premium service comes in at no additional cost (details can be found here)
The $100 million policy covers digital assets where the private keys are held 100% by BitGo in the event of:
Third-party hacks, copying, or theft of private keys
Insider theft or dishonest acts by BitGo employees or executives
Loss of keys
CoinZoom has chosen BitGo as its custodian because BitGo provides 100% cold storage technology in bank-grade Class III vaults and the BitGo platform is SOC 2 Type 2 certified. Advanced authentication mechanisms are employed to ensure the authenticity of data, and assets are distributed geographically and organisationally.
It is the account holders’ responsibility to safeguard their accounts by means including but not limited to using a strong password, enabling two-factor authentication and controlling all login credentials to CoinZoom.

Q3 from Telegram user @BlancaSdF

How good are the withdrawal fees in BTC ETH and for trading, does appropriating ZOOM give me a discount?

Ben Crosland | coinzoom.com: Yes ZOOM can be used to discount withdrawal fees, wires, trading commissions, and card rewards

Q4 from Telegram user @Spott

Who is eligible to stake $ZOOM token, Is there any minimum worth of $ZOOM to be staked to be eligible for lowest tier of VIP status ?

Ben Crosland | coinzoom.com: 2500 ZOOM is required to stake to get to preferred level in VIP

Q5 from Telegram user @DiegoRME

I saw the news that I can win a TESLA 3 with COINZOOM !!! Can you tell me how I can participate and what are the requirements for it? Do I need to verify my identity with some kind of KYC?

Ben Crosland | coinzoom.com: Yes, you need to go through our KYC process to register. Once you trade $10 on the exchange you automatically enter to win!

Q6 from Telegram user @tuvalunia

ZOOM coin is only listed on CoinZoom. Do you have any plans for listing it on other exchanges?

Ben Crosland | coinzoom.com: Yes it will be listed on 3 other exchanges in 2021

Q7 from Telegram user @nobody301

What role does ZOOM token play in the exchange and can they be earned?

Ben Crosland | coinzoom.com: The ZOOM token is used within the CoinZoom echo system to discount fees and card rewards. You can earn ZOOM by spending with the CoinZoom Visa card.

Q8 from Telegram user @A5loveZ3

Is there any minimum limits to deposit In CoinZoom Exchange?

Ben Crosland | coinzoom.com: No limits in terms of ACH, Wire, or Crypto. Limits with Visa and MasterCard deposits.

Q9 from Telegram user @leixagarcia

Will Visa CoinZoom cards be accessible to users in Latin America?

Ben Crosland | coinzoom.com: We are working on that right now. They will be available in Latin America in the future yes

Q10 from Telegram user @Hengerbert0

Why are you so sexy???

Ben Crosland | coinzoom.com: Genetics

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of CoinZoom. They’ve prepared 4 questions for this part. The total reward pool for quiz was 700$.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:

CoinZoom Community: https://t.me/coinzoomcommunity

We are pleased to announce our next AMA on December 27th 2020 at 12:00 PM UTC Time: Satoshi Club x ShuttleOne

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ShuttleOne 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. ShuttleOne Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about ShuttleOne

For more details:
ShuttleOne – @shuttleone
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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

We are pleased to announce our next AMA on December 28th 2020 at 05:30 PM UTC Time: Satoshi Club x Tosdis

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Tosdis 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. Tosdis Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Tosdis

For more details:
Tosdis – @Tosdis
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish