Month: December 2020

We are pleased to announce our next AMA on December 24th 2020 at 03:00 PM UTC Time: Satoshi Club x GoldFinX

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

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

Part 3: 300$ – A quiz about GoldFinX

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

We are pleased to announce our next AMA on December 17th 2020 at 05:00 PM UTC Time: Satoshi Club x Harem Token

⚠️Click to see the hour
⚠️Total Reward pool: $550

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

Part 3: 350$ – A quiz about Harem Token

For more details:
Harem Token – @haremofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

If you want to meet aliens, then you are in the right place and today Satoshi Club will tell you how and where to do it. Today we would like to tell you about the AMA session with our friends from Alien Worlds. The AMA took place on December 3 and our guests were Saro, Rob Allen and Michael Yeates.

The total reward pool was 4700$ and has been splitted in 3 parts. The reward pool consisted of Land packs, Trilium tokens, 60 Standard packs, 40 Rare packs, and 100 Promo Packs

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

GoldRocket: Good evening dear Satoshi clubbers! We are starting our today’s AMA with Alien Worlds. Our guests today are @michaelyeates, @Lifex10, @saromckenna.

D. | Satoshi Club: hey Satoshi club! 👋

Saro AlienWorlds.io: Hey Satoshi Club! We’re thrilled to be on here

GoldRocket: Welcome to Satoshi Club, @michaelyeates, @Lifex10, @saromckenna!

Rob Allen : AlienWorlds.io: Hi, Thanks for having us

D. | Satoshi Club: @michaelyeates @Lifex10 @saromckenna welcome guys! 😇

Michael Yeates: hi 🙂

GoldRocket: To be begin with, please tell us a few words about yourselves and how did you get to be involved in Alien Worlds.

Michael Yeates: we have been working as a team through eosdac and since then have branched out to be block producers on the wax blockchain. we have been working on dao software for years and looked for something to bring that over to a gaming / nft chain. personally i have been working in blockchain since 2017 and have been a developer working in ecommerce for much longer. alien worlds is a great way for us to bring all our tellents and experience together into one ambitious project

Saro AlienWorlds.io: We’ve been working together as a team for years, within eosDAC (block producer) and other projects. I got involved in crypto coming from a background in corporate finance (M&A) and wanting to contribute to systems that weren’t so stacked against the little guy. Really happy to working to build decentralised communities.
Alien Worlds: we saw how naturally the DACs/DAOs we’d been building could allow communities to allocate rewards – how naturally that fits in with defi. And also how NFTs can be used rather than just collected. And so Alien Worlds as a DAO/defi/NFT project began to grow

Rob Allen : AlienWorlds.io: Hi, I’ve been a technologist for over 25 years and been focused on Crypto particularly for the last 3 and NFTs for the last 18 months – Alien worlds was just the most interesting concept that we couyld come up with and we think it is compelling,

D. | Satoshi Club: 2017 what a year is was…awesome year to start crypto project:smile:

Saro AlienWorlds.io: pretty good now too 🙂

Michael Yeates: yeah it was a lot of fun, it is still a great industry to work in

Rob Allen : AlienWorlds.io: When you start seeing the potential it’s hard to look back

GoldRocket: Amazing experience!

Saro AlienWorlds.io: we’ve definitely been at the coalface of DACs/DAOs and that’s helped inform what we’re doing now – what works/doesn’t

D. | Satoshi Club: interesting..very excited to know how we can use NFTs in Alien Worlds

Saro AlienWorlds.io: we’d love to get into that today

Q1 from Telegram user @Nagy_szabo

Your team previously worked on a successful project on EOS and reached a pretty big marketcap. Why you decided to build a new project but didn’t decide to renew, update and refresh the previous one?

Rob Allen : AlienWorlds.io: eosDAC has produced some excellent software which is actually going to be used by the Planetary DAOs in Alien Worlds – it’s a great use case and will probably breath new life into the eosDAC development.

Saro AlienWorlds.io: eosDAC is still a large and successful DAC as a block producer on multiple chains and we are all still actively involved in eosDAC as elected custodians. This team really loved the gamified DAO element which whilst a continuation of all our experience within DAOs, is also a distinct project, hence Alien Worlds. We airdropped onto eosDAC tokenholders as a tribute to them and many are getting involved. Both are long term projects.

Rob Allen : AlienWorlds.io: We even did a sale just for eosDAC holders

Saro AlienWorlds.io: Yeah, we have accepted EOSDAC tokens as payment so we hope that can contribute to eosDAC’s tokenomics too

Michael Yeates: we all continue to work for eosdac, i see that as the underpinnings of this project. one of the goals for eosdac was to enable dac/os and alien worlds is a great demonstration of the technology that we have built. sometimes it can be difficult to show people what it is like to run a dao because so few exist and alien worlds empowers many more people to see how things can work with our vision

Saro AlienWorlds.io: eosDAC is a true DAC so all decisions aren’t up to us, but we still invest energy there 🙂

D. | Satoshi Club: thanks for answers guys! by the way i know you are running another sale right now? is that true? can you share details?

Saro AlienWorlds.io: Yeah we have pre-orders open now at unbox.alienworlds.io – preorders to let you bid in advance for the live Dutch auction which starts tomorrow at 1300 UTC. To participate you need a WAX wallet from https://all-access.wax.io/. It’s to buy Land, which our NFT which allows you to earn passively when other people mine your land

Rob Allen : AlienWorlds.io: Lots of info around – this is a great starting place – https://alienworlds.medium.com/alien-worlds-special-land-sale-77b2cd06ef0a

Saro AlienWorlds.io: We’ve run 3 auctions so far this autumn for different packs of NFTs, but land has never been available until now

D. | Satoshi Club: why that? what is special about land?:blush:

Saro AlienWorlds.io: Land is the only yielding NFT in the sense that when other people mine on your land, you get a commission. For all our other NFTs, the owner themselves uses them, whereas land is automatically rentable for a commission.
Additionally, in the roadmap landowners can add value to their land by terraforming it – meaning they get more payouts. The payouts are in Trilium, our ERC-20 fungible token.

Rob Allen : AlienWorlds.io: Land gives you passive income through a slow release mechanism, it will also be used for mining and shopfronts / services. It really is one of the cornerstones of the whole model.

Saro AlienWorlds.io: So we have two cryptocurrency pillars to the project: the fungible token Trilium, and the NFTs. And within NFTs, only land yields you TLM passively
Additionally, as you can see on the roadmap, only landowners later on will be able to use their ‘Window’ into the metaverse to showcase their own businesses and also offer Services like Hospitals, to ‘heal’ NFTs injured in battle. This all happens through Land

Rob Allen : AlienWorlds.io: We have high burn targets for the TLM to keep supply in check.

D. | Satoshi Club: got it! so like in real life – if you own some land is very profitable for you 😁

Michael Yeates: i like to think of alien worlds as a real world simulation of what would happen if we organised using daos

Rob Allen : AlienWorlds.io: Potentially – I like to think it will be the case that the more you put in the more you get out but passive will work as well.

Saro AlienWorlds.io: We expect to sell out early so we encourage people to get their best bids in 🙂 Land is a starting point for much of the future development within Alien Worlds

• 

So we’re psyched to welcome in our landowners!

Michael Yeates: not much more to add, other than i am keeping a close eye on it technically and so far so good 🙂 the only thing better than working on one blockchain is working on two

GoldRocket: So can you share your tokenomics with us?

Saro AlienWorlds.io: Yeah so tokenomics: TLM is released every day via the Planets, who initially have to allocate 80% of it to miners and landowners but later could change that variable. And TLM is also released directly to Landowners. TLM is REQUIRED for various ingame actions like shining up NFTs, entrance fees to battle, and terraforming

• 

This is a visual overview

GoldRocket: this is very exciting what you guys are doing!

Saro AlienWorlds.io: Thanks – yes and the other big USE of Trilium is to stake to Planets – you stake Trilium to the Planets and then you can vote in their governance to impact how they allocate their Trilium reserves. This interplanetary DAO component is a key strategic and tokenomic driver of the metaverse. Expect DAOs battling in space 🙂

Michael Yeates: this industry is great because as a developer i can code almost anything that we can imagine and we like to come up with a lot of new ideas

Saro AlienWorlds.io: Michael won’t tell you this but he’s one of the best there is (ask around) so that’s why he can implement this stuff – we’re very lucky

Michael Yeates: the good thing is that a lot of the contracts are being inherited from our work on eosdac so we are just taking things to the next level rather than rewriting everything

GoldRocket: By the way, what were you guided by the choice WAX Cloud Wallet

Rob Allen : AlienWorlds.io: Extremely easy onboarding and feeless transactions make WAX an excellent layer 2 solution

Michael Yeates: wax cloud wallet is great, it gives people who are new to crypto (and even veterans) an easy way to get started. not only does it allow social signup, it makes sure that the transaction costs are paid so there is as little friction as possible. for more advanced users there is the option to manage their own keys in the traditional way

Saro AlienWorlds.io: In theory you can own Trilium without a WAX Cloud Wallet (it’s an ERC-20 token) but to use all the game stuff, you need WAC Cloud Wallet

Michael Yeates: one of our goals was to make it so that people can take part without owning any crypto or having to create accounts etc

Saro AlienWorlds.io: So to start playing, you don’t need to buy anything at all, and in fact within minutes you can be earning

Rob Allen : AlienWorlds.io:We definately wanted to take on some of these big challenges to mainstreaming.

D. | Satoshi Club: what can i do with Trilium now? it’s tradable on exchanges?

Saro AlienWorlds.io: You can do lots of stuff within Alien Worlds with Trilium once the game UI opens – staking to Planets, shining up NFTs, terraforming. Obviously people can send it to each other if they want 🙂

We’re early in our Trilium journey, put it that way :). For now it’s great if people mine within Alien Worlds to amass the Trilium they need to take meaningful Planet DAO positions and to shine and terraform

Michael Yeates: we have added the ability to withdraw trilium from the game back onto the ethereum chain so anything is possible in the future. trilium is a cross platform currency

D. | Satoshi Club: we can use it on two blockchains? Right?

Rob Allen : AlienWorlds.io: It can teleport. We have oracles that allow it to move between chains.

Michael Yeates: you can mine and stake within the game on wax, then withdraw for safekeeping on ethereum. i am investigating even more close ties between the chains but for now it is a simple teleport. ideally i would like to allow for staking and some form of defi on ethereum, one step at a time though

D. | Satoshi Club: interesting concept :blush:

Saro AlienWorlds.io: You can hold Trilium like any other ERC-20 token

Rob Allen : AlienWorlds.io: I think this model will become popular in time

Michael Yeates: yes, each chain has it’s benefits and we want to use them all to their full potential

D. | Satoshi Club: and you take best from the each chain?

Michael Yeates: yes, for the moment onboarding and free transactions on wax and security on ethereum

D. | Satoshi Club: and liquidity as well:smile:on ethereum 😉

Saro AlienWorlds.io: I would say security and also audience – ETH is unparalleled for the amount of innovation centred there, and we wanted to be part of that

Michael Yeates: yes, but im a techie 🙂

Rob Allen : AlienWorlds.io: Lots of ETH projects are looking at layer 2 solutions because they understanding the need – We have already focused on this from the start and implemented with this in mind.

Saro AlienWorlds.io: You can read about the tech behind this cross-chain mechanism here https://medium.com/@alienworlds/trilium-the-groundbreaking-cross-platform-token-underpinning-the-alien-worlds-metaverse-f630d776db23

And also in our Tech Blueprint for the geeks out there https://docs.google.com/document/d/1JiA97Y3JZMcC6HG2VPXEiZDd7UtA5yJSRUY2DQ5VSRI/edit#heading=h.oo6pu44g9lqa

Q2 from Telegram user @parisienne_a

You use 2 layers and 2 blockchains for your platform: Ethereum and Wax. Please explain how does this work and why you have chosen this decision

Michael Yeates: i think rob said it best, we realised very early on that we would need a second layer so started with that in mind and then designed around this being a fact

gameplay with lots of transactions we did not want to have barriers to entry

technically wax also has a lot of extras that make development easier, such as the random number generator

Rob Allen : AlienWorlds.io: We know ETH is where it’s at but we also want fast/feeless transactions and complex interactive contracts.

D. | Satoshi Club: we are all waiting for this tbh:smile:

Saro AlienWorlds.io: people being able to play and start earning in under 2 mins was pretty key for us – which they can do without buying anything. This is made possible by the layer 1/ layer 2 set up

Q3 from Telegram user @xaviermaya

I looked through your website and I see design and words which are leading me to Star Trek. I see Trilium and its leading me to Dilithium, the gas for the star ships. So, is this true? Were these series an inspiration?

Rob Allen : AlienWorlds.io: Lol, I am a big star trek fan but it wasn’t the biggest inflence initially

Saro AlienWorlds.io: I think we mainly took inspiration from exoPlanets themselves (our Planets, Eyeke, Veles, Kavian, Magor, Neri, and Naron are named after exoPlanets).

Michael Yeates: but there is one card which looks strangely familiar 😉

D. | Satoshi Club: can we see this card? :innocent:

Michael Yeates: https://wax.atomichub.io/explorer/asset/1099512933467

D. | Satoshi Club: it’s captain kirk?:smile:

Michael Yeates: really, now you mention it, it looks a little like him

Saro AlienWorlds.io: you know it’s actually really funny – it’s hard to design a good-looking human avatar that doesn’t eventually look like a hollywood actor. I think we had Brad Pitt and at least 1 Keanu Reeves

Rob Allen : AlienWorlds.io: It is weird, I think we are all sublimly tuned to certain looks

Rob Allen : AlienWorlds.io: The idea of exoplanets and space is compelling as far as I am concerned – It’s a great place to create a virtual metaverse/universe.

Saro AlienWorlds.io: Planets are great analogies for DAOs. Each Planet can be a natural distinct group, so each Planet can go in different directions – one could have a look-and-feel that’s historical or steampunk, another could be centred around a particular storyline or IP and even be in different languages. We expect them to evolve distinctly and even have their own Uis.

Rob Allen : AlienWorlds.io: Yeah, we couldn’t resist – William Shatner dropped some Memorabilia on WAX and we liked it.

D. | Satoshi Club: by the way can you tell us in more details how the Planet DAOs work?

Michael Yeates: with our dao software we decided that representative democracy is more efficient than liquid democracy and therefore we have an elected leadership called “custodians”.
inside alien worlds, explorers stake their trilium and in return receive a planetary token which they can use to vote for the custodians of that planet.
once in charge of the dao, the custodians are placed into a dynamic multisig and have full control over the planetary accounts

Saro AlienWorlds.io: Each Planet is organised around a fungible token which tracks voting power. You stake Trilium to a Planet to receive that Planet’s voting token (which is a fungible token) to start voting in that Planet’s elections – stake weighted voting power.
It’s delegated democracy in the sense that you vote for custodians/governors rather than directly for each proposal.
Each Planet will get its own UI which show the proposals, the current top elected custodians, the time to the next election, and so on.
Different types of resolutions require different thresholds to pass. Simple proposals about how to transfer the Planet’s DAO tokens (and thereby fund worker proposals or fund a liquidity pool for example) probably just require a majority of Custodians to pass.
This is all on chain and is mature open source software that we’ve been using daily for a number of years now.
Over time Planets can create their own UIs too.

Rob Allen : AlienWorlds.io: Explorers can stake their Trilium and vote for a plantary council (or even run to be elected). Then the council get to decide on how the planet allocates its resources and it’s way forward.

D. | Satoshi Club: ok, what about those Planetary tokens? they have names? or people can make their own name for the token?:smile:

GoldRocket: How your NFTs work? How to use them in the game?

Rob Allen : AlienWorlds.io: So, there are 6 main types at this time – Land we have already mentioned, then tools are used for mining, Minions and weapons are used for fighting and quests and avatars are just your appearence. Then there are artifacts and these will be introduced to shake things up.

Michael Yeates: each nft has certain properties which we are able to read inside the smart contracts and use them within the gameplay (and be enforced on-chain), this aspect was very important to me because i like to keep as much of the gameplay on chain as possible. right now all of the gameplay is on chain and can therefore be reproduced and verified to be fair

each token has a symbol based on the planet it belongs to

however, planets have autonomy so nothing stops them from creating another token

eg. the token for eyeke is called EYE

Q4 from Telegram user @vinniepu

You are a member of BGA – Blockchain Game Alliance. Can you tell us what other big companies are members here and what is the role of this partnership? Are there any traditional game development companies like Ubisoft or others among the members of this group?

Saro AlienWorlds.io: We love the Blockchain Game Alliance and how they’re creating a platform for the highest quality decentralized games to learn from each other and innovate in this space that’s evolving at breakneck speed. The BGA has strong roots in The Sandbox which we respect hugely and have looked to as an example, and we look forward to even closer work with the BGA as things progress.

Rob Allen : AlienWorlds.io: Ubisoft is there – one of the main founders – most of the other big players in the NFT space are members. AMD, Sandbox, Ultra and Animoca Brands are all there. In general it is great to share experience and challenges (such as regulatory issues and mainstreaming) as a group rather than everyone just working on their own. We want the whole ecosystem to grow.

Saro AlienWorlds.io: Love Animoca Brands and what they’re doing with the REVV token. Really fun game

GoldRocket: We had an ama with the Sandbox!

D. | Satoshi Club: yeah, they are awesome!

Saro AlienWorlds.io: They’ve built something really awesome, very fast pace of development

Each month they announce further updates and progress

Rob Allen : AlienWorlds.io: Sandbox have a great vision, also Decentraland – We recently did something on Decentraland with Dappcraft – it was really fun.

GoldRocket: I can only agree with you. Satoshiklabers loved them. I hope you too ❤

Saro AlienWorlds.io: Yeah DC Metaverse Studio who are involved in a district in DCL built a shooter game for us that airdropped our NFTs on players.

Rob Allen : AlienWorlds.io: http://dapp-craft.com/tpost/yvjgjjcpp1-alien-worlds-airdrop

Saro AlienWorlds.io: The guys liked it – I liked in theory but wasn’t very good at it in practice 😂

GoldRocket: I have an offtopic question:grin: Btw how earning Defi returns in Alien Worlds

Saro AlienWorlds.io: Landowners earn defi returns because by owning land you passively yield Trilium. Then the Planets also can support defi returns through liquidity pools

Michael Yeates: players can also stake to planets who may develop their own defi using the trilium that they earn

Saro AlienWorlds.io: So as mentioned all income for the DAO is decided by the DAO governors. Recalling Planetary DAOs have a fungible token which users receive for Trilium when they stake.
That relationship creates a floating rate between Trilium and the Planet DAO token, and DAO governors can back the DAO token pool with more Trilium in order to transmit value back to stakers.

Michael Yeates: we have a lot built-in but then the planets are free to extend this

Rob Allen : AlienWorlds.io: Also landowners can introduce their own defi models for people you mine or visit their land.

Saro AlienWorlds.io: Because this is a decentralised model with Trilium and NFTs being disseminated into the system as incentives, users will also proliferate their own mechanisms we expect (and we create some demand through the genesis games). But yeah the two out of the box defi mechanisms are landowning and Planetary DAO Trilium flows if the Planet so chooses (you can stake to a Planet that does if that’s what you want)

GoldRocket: breakneck speed – this is a very correct combination! when did you say started with your project?:grin:

Saro AlienWorlds.io: it’s been about a year

Rob Allen : AlienWorlds.io: Alien Worlds started last year but a fair bit of the tech used has been built by the same team over the past 3 years

GoldRocket: How big is your team? The amount of what you’ve already done is incredible!

Saro AlienWorlds.io: including the game UI developers, some legal help where necessary, and community, about 10-15. Core team about 5

Rob Allen : AlienWorlds.io: It’s hard to give an exact figure here because there are a load of specialists for different things – over 20 people have worked on it this far but the full time core is 5 / 6

GoldRocket: Not a very big team! When did you guys manage to do all this? 😀

Saro AlienWorlds.io: That’s very flattering but look what you yourselves have built! The biggest TG community on earth! I do think the success of eosDAC helped as well

Rob Allen : AlienWorlds.io: There is a lot of outsourcing – e.g. the UI game studio has 6 people working directly.

Q5 from Telegram user @cattlewhat

Apart from deciding how much Trillium will be allocated toward mining, what other decisions can the players take using the DAO system?

Rob Allen : AlienWorlds.io: Each planet actually gets a sizable Trilium allocation so that can be used as and where the DAO directs. There are liquidity pools and planets can also set up their own initiatives and games.

Saro AlienWorlds.io: All income for each Planet DAO is decided by that DAO’s governors. So the floating rate mechanism I talked about before is a key area of decision making for each Planet DAO – whether to fund their liquidity pool to increase the TLM backing to their DAO token.
They can also create their own games, services, host events – they’re free to operate as largely autonomous communities within the metaverse, and can benefit from their Trilium flow (and compete for stakers) to do that.

Michael Yeates: technically the planet is a blockchain multisig account so a planet can actually do anything that a normal account can do, this includes allocating funds but also creating other accounts, installing smart contracts and interacting with other contracts

i dont think we will see that advanced usage to begin but the possibility is there

Saro AlienWorlds.io: Over time we expect and will facilitate Planet DAOs that are mature communities elsewhere – so for example a Minecraft or Ark server that mods into Alien Worlds. That way someone could be ‘playing’ Alien Worlds (ie participating in our tokenomics, using our NFTs) whilst interacting on their own community’s native interface. So a Planet DAO might think of themselves primarily as being another home community, but they plug into our metaverse, bringing more activity, innovation and users

Rob Allen : AlienWorlds.io: This is a focus, bringing in outside communities is something we want to foster.

Saro AlienWorlds.io: And will invest our time and energy in as the founding team

GoldRocket: please clarify us about core activities in the metaverse, are these 3 main ones?

Michael Yeates: i would say the core activity is planetary governance and the trilium allocation based on staked trilium, on top of that we have the games of mining and fighting but they are secondary mechanisms to distribute earned trilium

Saro AlienWorlds.io: This post is pretty good for highlighting the core elements before it deep dives into land https://alienworlds.medium.com/land-on-alien-worlds-2e13ff1a2d6e

Rob Allen : AlienWorlds.io: Core activities = Mining, staking, battling

GoldRocket: Yes it interests me!

Rob Allen : AlienWorlds.io: But yeah, planetary goverance is core as will be quests and land development.

Saro AlienWorlds.io: But yes the 3 core elements are:
1) Earning Defi returns in Alien Worlds (landowner/Planets)
2) Our NFTs – Land, Weapons, Avatars, Tools, Minions – using them in the game
3) The Planet DAOs themselves – governance and liquidity

Rob Allen : AlienWorlds.io: This is another good way to look at it.

D. | Satoshi Club: so i see only 6 planets in Alien Worlds?

Saro AlienWorlds.io: 6 Planets

D. | Satoshi Club: do you plan to add more?:grin:

Rob Allen : AlienWorlds.io: We are not bringing any more online unless there is a compelling reason that benefits the ecosystem. But there is room for additions of course and if we find something that is a great opportunity we will discuss with the existing community.

Q6 from Telegram user @lissabeth

Do you have any plans in adding more interactivity to your games? At the moment from what I could read it will be quite static. Is it possible to add RPG elements or more action to it?

Michael Yeates: the games we have now are intentionally simple so that we can kickstart the economic layer. once that is up and running it will be possible for planets to integrate any game they like to distribute their trilium. in addition to this we have a galactic hub fund which is a large pool that can be awarded to developers to enhance the games for all planets

Saro AlienWorlds.io: The games already have a lot of richness and depth in their actual strategy. With enough resources we’d absolutely love to build out a much more dynamic interface, but I see turn-based strategy as always being at the core of how these games work. We don’t plan to invest a lot in building out an environment – other projects like Decentraland do this well. Our focus in terms of UI will be on great and slick execution of functional elements (rather than environmental / space-based elements). No VR in the pipeline here

Rob Allen : AlienWorlds.io: One of our supporters just did a great write up on how he sees it developing e.g. modding in Minecaft and ARK servers – This is well worth a read – https://anyobservation.medium.com/alienworlds-land-tokenomics-potential-dcd4818f16a5

Michael Yeates: he will be running for election on one of the planets and will leverage his community to help him

Rob Allen : AlienWorlds.io: We are also very collaborative – so if we find a good fit that is serious then we’ll work with them. We have a fund for exactly this.

GoldRocket: this is logical and makes sense!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Jonahapagu

There are six different levels of rarity for Digital Items (NFTs*) in Alien Worlds. These are : Abundant; Common; Rare; Epic; Legendary and Mythical… what are the different supplies of this rare NFT’s , How can Users be able to get this rare NFT’s, which among them will be the rarest… and how does this rare NFT’s differ amongst themselves

Michael Yeates: each item has its own maximum supply, the rarer the item, the higher the stats tend to be

Q2 from Telegram user @Mantapkansuasana

What are the future plans for Alien Project? Do you have any exciting things down the pipeline that you can share?

Saro AlienWorlds.io:

• 

Yes we have a land pipeline and also our Star Route on the website outlines the new functionality we’ll be executing on

Q3 from Telegram user @K2ice

For me to get Land, do I have to wait till tomorrow or is there a way one could pre-order so as to be sure of getting it.

Saro AlienWorlds.io: You can preorder now at unbox.alienworlds.io – you can only be SURE of getting land if you bid at the highest price point because we could sell out at any time

Q4 from Telegram user @brodzonl

From website,
Alien Worlds will be a metaverse where your NFTs come alive…
Your 3D Avatar will roam across Planets, using Tools to mine for Trilium. And send their Minions into battle with your enemies…
Will our enemies be other real people that have NFT characters or we gonna fifht versus bots and is there any maximum speed for mining Trilium and how can we increase it?

Michael Yeates: the enemies will be other people, if there are not enough at the time then we have some bots available to step in. you can increase your mining power and reward by using the correct combination of mining tool nfts

Saro AlienWorlds.io: You can increase mining power by obtaining better NFTs (main way is through shining, you could also trade with others). Speed of mining is improved by getting land and tools with lower “charge time” modifiers.

Yes – fighting will be with real people but also some house fighters in case real people (minion NFTs) at your level arent available. The fighting game isn’t released yet so details will be available when it is released.

Q5 from Telegram user @henrypok

What is the role of Trillium token in the Alien world ecosystem? How it will use within the ecosystem? Does Trilium holders has the right to participate in the Governance?

Saro AlienWorlds.io: You need Trilium to 1) shine NFTs (power them up) 2) pay entrance fees to fighting game and other events 3) land improvements which yield you more and 4) to stake to a Planet. Trilium doesn’t in itself giv eyou a right to governance but if you stake it to a Planet, that Planet’s DAO token does give you voting

Q6 from Telegram user @AugusS7

How many avatars and equipment does Alien World really have? can users create some with the characteristics they want in exchange for a certain amount of trilium? or that is in charge of DAO?

Michael Yeates: we have a fixed number of nfts which are used in the default games, planets are free to issue their own which are used in their own games. if there is enough community support then the federation can also respect them

Q7 from Telegram user @Mantapkansuasana

Are you planning to promote your project in different countries, where English is not good? Do you have a local community for them to better understand your project?

Michael Yeates: yes eventually we plan to do this, at the moment the focus is to release the game and then move to the next level where everything is translated and we can onboard ambassadors for different languages

Q8 from Telegram user @d1rman_19

If I own the land and plan to mine the land myself, can I do that and not open the land to other people?

Saro AlienWorlds.io: You can mine for your own land. You can’t prohibit others mining your land but you can set the commission you charge (a %) very high which would make it unattractive to mine your land.

Q9 from Telegram user @KevSalom

What do I need to play Allien Wordld? Do I need virtual reality equipment, controls or something very sophisticated? Or is a laptop enough? If so, what GPU and RAM power are needed for good performance?

Michael Yeates: any web enabled device should do, laptop or desktop as well as any recent phone should work

Q10 from Telegram user @AmirJosh

There are 20 types of Lands in Alien Worlds, which have a total of 3,343 Lands in 6 Planets. Will you tell us what are the names and classifications of these land types?

Saro AlienWorlds.io: You can find this here in the linked spreadsheet https://docs.google.com/document/d/1JiA97Y3JZMcC6HG2VPXEiZDd7UtA5yJSRUY2DQ5VSRI/edit# called “NFT attributes”

Q11 from Telegram user @Chinthaka93

What is the relationship between ALIEN WORLDS and CRYPTO LOACALLY? Could you please explain about your realationships and partnerships?

Saro AlienWorlds.io: We love CryptoLocally and think they are creating an amazing platform. Their lead dev and ours have known each other for a long time. Their team is helping us to build out the metaverse.

Michael Yeates: jae chung is a good friend of mine, i have been working closely with him since we met in 2018. together we were in the ghostbusters tech collective

Q12 from Telegram user @SutedjaDian

You were founded at last year. We all know that after the bull run of 2017 it was a critical time for cryptocurrency. My question is, how “Alien world” is able to survive in this longer bear market? What method did you guys apply to survive?

Michael Yeates: i believe that if you can involve many people and directly reward them for their effort then it doesnt matter what kind of market we are in. tokenised work and effort is the future and people do not output less in a bear market. my hope is that alien worlds can start to show how people can earn in their own currencies and control their own earning capability without relying on external markets

Q13 from Telegram user @Jesussolorzano

Currently there are 3343 LAND NFT which is not a high amount nor a low amount but I want to know if you have plans to burn soon?

Michael Yeates: the land nfts cannot be burned, its land 🙂

Q14 from Telegram user @Cakelov

Hello after checking your website, it’s looks like Alien worlds only available to play in computer, am I right? Do you have plan to create the mobile/smartphone version? since its difficult for people like me who work mobile to play in computer

Rob Allen : AlienWorlds.io: Hi, no – we have actually always tried to think mobile first. The UI is developed through unity webgl so is accessible on most devices via web browsers.

Q15 from Telegram user @BERTA2020

In your current card pack (Special Land Pack) there are 5 classes which are from common to mythical so can you tell me what are the chances that I can get each different kind of card?

Saro AlienWorlds.io: One card guaranteed to be Land, drawn randomly from terrain types across different Planets.
Each of the seven remaining cards has the below probabilities of being of the rarity listed.
Common : 63%
Rare : 25%
Epic : 10.3%
Legendary : 1.5%
Mythical : 0.2%
Go to unbox.alienworlds.io to see this
Each card is drawn independently, so your pack could contain seven cards of the same rarity.

Q16 from Telegram user @baimwong1

Would Alien Worlds want to consider the Binancesmartchain network to expand its project and what is the name of the core coin of the Alien Worlds project?

Michael Yeates: binance chain is on our radar of chains to support in the future

Q17 from Telegram user @Mantapkansuasana

What are the future plans for Alien Project? Do you have any exciting things down the pipeline that you can share?

Rob Allen : AlienWorlds.io: The starroute on the website gives a great overview and bear in mind that planets and communities may also form theior own direction

Q18 from Telegram user @Arisabela

For the 2050 AlienWorlds expect to have a total 78.000 Trilium. What can the team control and what depends on the community in order to reach this numbers in the long term?

Rob Allen : AlienWorlds.io: That is the daily allocation to planets – the slow release has a half life of approx 7 years.

Q19 from Telegram user @BERTA2020

Well tell me what are the types of Land that are currently available to buy? And how can I buy them? In which tokens can I pay? What are the prices and rarities?

Michael Yeates: land is sold in packs with a random piece of land in each. we are running a dutch auction for the packs which also include 7 random nfts to use within the game https://unbox.alienworlds.io/buy/6

Q20 from Telegram user @Mora110

You mentioned on your site that Core activities in the metaverse
1 / saking and voting
2 / mining
3 / Fighting
How is this done sir explain to us

Michael Yeates: all of this is done via the user interface which we will release shortly

Q21 from Telegram user @K2ice

In an article, Alien Worlds was referred to as metaverse. Why was it referred to as metaverse and not a game?

Rob Allen : AlienWorlds.io: It’s not just one game – it has loads of interconnecting elements and extensions

Q22 from Telegram user @taemin_vj

Why do you think representative democracy is more efficient? Many platforms have capital efficiency, do you think they have an advantage? Or can it be a disadvantage for you?

Michael Yeates: it is easier to get a few leaders together and in agreement than hundreds of token holders. often token holders have other things to do than govern the tokens that they own. we have found that this model works very well for eosdac where we have a large number of smaller token holders

Q23 from Telegram user @konditer_rolex

I’m already in anticipation of this action. Yesterday I played Super Mario and today I can dictate my terms to the whole planet. Trade wars, conspiracies of monopolists, sanctions … Is all this possible in Alien Worlds?Will we surpass Game of Thrones?Can we teach you how to do a Wall Street whale business?What in-game communications are provided for communication between players?

Saro AlienWorlds.io: For now our communities are really active in Discord https://discord.gg/6JGRuyv2uh and Telegram https://t.me/AlienWorldsOffical. In Discord we have Planet channels set up and for now this should be good. Over time in game comms would be nice but not a feature yet.

Q24 from Telegram user @Sumione

Is minions are for mining uses or for next purposes? what do I require for mining and can I do it from mobile?

Michael Yeates: minions will be initially used in the fighting game but there are some plans to involve them in mining too

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Alien Worlds They’ve prepared 4 questions for this part. The total reward pool for quiz was 3500$.

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:

Alien WorldsCommunity: https://t.me/AlienWorldsOfficial

We are pleased to announce our next AMA on December 8th 2020 at 12:00 PM UTC Time: Satoshi Club x Reef

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

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

Part 3: 300$ – A quiz about Reef

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

We are pleased to announce our next AMA on December 7th 2020 at 03:00 PM UTC Time: Satoshi Club x HawSwap

⚠️Click to see the hour
⚠️Total Reward pool: $1000

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join HawSwap Telegram group

We will have the following structure:

Part 1: 150$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 150$/10 users – Open chat for 100 seconds. You can post Max 3 questions. HawSwap Team will select 10 questions and answer them.

Part 3: 700$ – A quiz about HawSwap

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

PART 1. Introduction of Royal project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called Royal.
Royale is a cross-chain De-Fi solution for the iGaming industry. Our user-centric platform creates Web 3.0 smart-backed liquidity that allows iGaming entrepreneurs to bootstrap innovation with the security and transparency of the blockchain.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

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

The Representative of the project:

Prof K – Fomocrafty Advisor Guy – @Prof_K933

Avron Goss – @AvGoss

Matt A – @RoyaleWizard

Gio  – @GioNeo

Joe Wong – @KhunJoe – Advisor to MANTRA DAO, FinNexus & Polkastarter (CMO)

Introduction of Royal project

Gold Rocket | Satoshi Club:
Good evening Satoshi clubbers! We are starting today’s AMA with ROYALE.

D. | Satoshi Club:
Hello, Satoshi club! today we are welcoming our guests from Royale Finance!

Prof K – Fomocrafty Advisor Guy:

D| Satoshi Club:

Haha welcome!

Prof K – Fomocrafty Advisor Guy:

Woohoo! Our guests today are @AvGoss @RoyaleWizard @Prof_K933.

D| Satoshi Club:

@AvGoss @RoyaleWizard @Prof_K933 good to have you here guys 😃

Prof K – Fomocrafty Advisor Guy:

We also have @GioNeo our fearless iGaming expert. Pls make sure to add him as admin for today’s session as well.

Gold Rocket | Satoshi Club:

Great gifs!😁👍

Prof K – Fomocrafty Advisor Guy:

Hi again, Satoshi Club, you may have remembered me from $FNX and $OM AMA’s previously!

Matt A:

It is great to be here guys.

Gold Rocket | Satoshi Club:

Welcome to Satoshi Club!

Avron Goss:

Good to be here, hello.

Gold Rocket | Satoshi Club:

Thanks for joining us.

Gio:

Hi to all. Looking forward to this.

Gold Rocket | Satoshi Club:

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

Avron Goss:

Hi, I have been involved in the iGaming industry for over 2 decades and more recently in the crypto world as well. Royale is the perfect marriage between these industries.

D| Satoshi Club:

BTW, what is iGaming? since I think not all people aware of this industry😊

@GioNeo hey! Welcome! 😁

Avron Goss:

iGaming is any gaming that may happen online. It ranges from casino games to sports and eSports betting. In effect anything you can place a bet on. It is a huge market and is growing.

Gold Rocket | Satoshi Club:

Hi there!👋

Gio:

I’m here ready for our first AMA at Satoshi club.

Matt A:

Yes, this is our first AMA ever and we are glad to share it with Satoshi Club

Gold Rocket | Satoshi Club:

Satoshi Clubbers have many questions for you! you will definitely not be bored!

D| Satoshi Club:

Great! so let’s begin with the intro? please, tell Satoshi club about yourselves and Royale Finance of course

Prof K – Fomocrafty Advisor Guy:

Satoshi Club is № 1 group in TG!

Gio:

Matt and I met back in 2017 in London, where we both shared a passion for anything related to Blockchain. We then came together to form Royale.

Gold Rocket | Satoshi Club:

Very interesting!

Matt A:

I have been in the crypto space since 2017, I was working with Gio when I went full time. Have been working with main startups. We had a strong friendship then and it has been a blessing to work alongside this team.

Gio: and I came together to build something great and here we are.

Gold Rocket | Satoshi Club:

Great and Royal?😉

Matt A:

iGaming + DeFi  (iGDeFi) = Royale.

Gio:

This was born from a vision to create a planet with fairer more transparent systems in place.

Prof K – Fomocrafty Advisor Guy:

@KhunJoe and I recently started Fomocraft after our success launching MANTRA DAO and Polkastarter as marketing advisors, which is how we came to meet up with the Royale.finance team via a chat in KarmaDAO.

Gold Rocket | Satoshi Club:

Why did you choose this name? This is a very binding name!

Gio:

Royale is uniting Defi and iGaming, we are combining these two industries and taking the best from both worlds to drive innovation in iGaming using Defi tools.

Joe Wong:

Proud to have @Prof_K933 along my side to help ROYALE take off and game change iGaming and Defi

Matt A:

Gio: and I were working late one night when we had already picked three names for this project, with three domains. I was looking at old movies related to the iGaming space. Then I stumbled upon Casino Royale. The rest was history

Gold Rocket | Satoshi Club:

MANTRA DAO came to us at AMA.

D| Satoshi Club:

Wow, didn’t know about…I thought iGaming is only related to casino things like card games and slots machines😁

Avron Goss:

It’s far more exciting than that!!! Just think, you can bet in the middle of a football match who might score next. It has been fantastic seeing the industry evolve as technology does. Royale gives the community the ability to be part of this.

Prof K – Fomocrafty Advisor Guy:

It’s so much more…

Gold Rocket | Satoshi Club:

This is symbolic!😁

Prof K – Fomocrafty Advisor Guy:

And with COVID, iGaming is only picking up more speed as everyone is retreating to their castle 🏰

D| Satoshi Club:

Yeah, everyone playing from their homes, traffic probably is insane now in the gaming sector 😄

Gold Rocket | Satoshi Club:

So guys! Do you want to add something? Or can we get down to some questions from the community?

Prof K – Fomocrafty Advisor Guy:

Please join our TG: https://t.me/RoyaleFinance

Gio:

We are an ambitious and energetic team everyone is extremely focused on delivering solid products that can re-define the industries we are in.

Matt A:

And @OfficialRoyaleFinance

Prof K – Fomocrafty Advisor Guy:

Twitter: https://twitter.com/royale_finance?s=21

Gio:

Royale provides loans to iGaming companies enabled by the liquidity pools created on the Royale platform that lives in the Defi ecosystem, within the platform, we enable the pool optimizers, which gives us our uncorrelated revenue streams.

Gold Rocket | Satoshi Club:

Satoshi Club! please join the groups and Twitter https://twitter.com/royale_finance?s=21

@OfficialRoyaleFinance

https://t.me/RoyaleFinance

D| Satoshi Club:

thank you guys for this great intro! we will find out more about your interesting project during today’s AMA! so are you ready to start the first part? 🚀

Gio:

Lets goxzzzzz😀👍

Preselected questions about the Royal DeFi project.

D| Satoshi Club:

We have six questions in part 1!

Gold Rocket | Satoshi Club

Q1 from Telegram user @JesusFre1tes

How does Royale unleash the potential of iGaming with iGDeFi? How do you maximize the benefits of iGaming through your platform? What are the differences between the protocols of the centralized platforms with respect to iGaming and the revolutionary protocols used by Royale?

Gio:

The iGaming platforms pay stability fees back into the Royale ecosystem with ROYA, The iGaming industry currently has a number of challenges, the most important being lack of access to liquidity for emerging companies which will enable them to compete effectively with incumbents and incumbents are not servicing the requirement of a new generation of players. Through our network and experience we have access to iGaming companies that will benefit from liquidity and, in return, can drive value into our network. We are not trying to build a gaming protocol, but support emerging companies. We have answered all 3 in one, as the question was split into 3 parts.

Gold Rocket | Satoshi Club

Thanks for the answer!

Gio:

We are not trying to create iGaming architecture. To be clear.

D| Satoshi Club:

Ok, that means you can bring also more players to the iGaming field?

Prof K – Fomocrafty Advisor Guy:

I’d say it’s more about bringing more entrepreneurs into iGaming

Avron Goss:

While we are not building iGaming architectures, we are investing in companies that support our strategic gaming objectives.

Prof K – Fomocrafty Advisor Guy:

The problem these days is that there’s an oligopoly structure in place in the iGaming industry

Gio:

Those entrepreneurs bring more players with their platforms, the millennials and Gen Zs prefer provably fair games that we’re accelerating adoption of, not the traditional slots and games, as they know that the provably fair algorithms are a verified source of truth.

Prof K – Fomocrafty Advisor Guy:

Innovative financing as only made possible by DeFi liquidity pools is what’s capable of truly revolutionizing the industry, enabling smaller enterprises to join and sustain their iGaming vision

Joe Wong:

With ROYALE, perhaps the iGaming space will flourish with more games, better UXUI, better adoption of Provably Fair.  its win-win-win. And for all of us, we are able to participate in the space and be the house!

В| Satoshi Club:

Got it! thank you for the answers! our next question from potential entrepreneurs 😄 Thank you for the clarification! ready for the next question?

Gold Rocket | Satoshi Club

Are you ready?

Gio:

Provably fair is closely related to the space that we love as the same SHA256 algorithm that is used to encrypt private keys, is used to encrypt the server seed and the client seed in iGAming, so players know that they are not being cheated.

Joe Wong:

Shoot!

Gio:

We should all strive for its adoption.

Gold Rocket | Satoshi Club

Q2 Telegram username  @konditer_rolex

You say that the emergence of new DEFI tools will help overcome technological limitations and barriers to entry for users and entrepreneurs in the iGaming field. It is very interesting to know what is stopping them? What problems are you solving?

Prof K – Fomocrafty Advisor Guy:

We should start here. That is the root of the problem these days.

Gio:

Liquidity, to enter the market, that is filled with incumbents. Which stifles innovation, as the barriers to entry are high.

Prof K – Fomocrafty Advisor Guy:

Tell them what happens to the small iGaming platforms, Gio:!

Gio:

Example, An entrepreneur builds a platform, pre revenue they have 2 options

Matt A:

Royale uses DeFi to unlock untapped liquidity via a simplified app never seen before by the iGaming industry

D| Satoshi Club:

When we can see this app?😃

Matt A:

V1 is on track to be released Q1 2021 after all security audits are complete. We are about to head into staging, backend and front end almost complete.

Gio:

1. Trying to raise from VCs. The Vc says you need to have revenue and be cash flow positive and come back to us then, so that becomes a closed door.

2. An existing iGaming company for funding. The incumbent wants a large chunk of equity and eventually wants to take over the small one. Which leaves them with no realistic fair options to grow. That’s where Royale comes in. Drives innovation with a fair and unique proposition.

Gio:

Realistically there are no options.

Prof K – Fomocrafty Advisor Guy:

What is that proposition, sir?

Gio:

That’s why Royale was born, to solve real-world problems.

Avron Goss:

There is also the point that additional liquidity allows company to compete with incumbents as they can offer payouts and prizes which, otherwise, they could just not risk providing. So, in effect, we take an operational and viable company and put them on steroids to punch above their weight. Its great business sense, but traditional lenders will not touch it.

Gold Rocket | Satoshi Club

So when do you plan the audit?

Gio:

The proposition is simple, liquidity to companies starved from it, and optimizing yield for the token holders simultaneously.

D| Satoshi Club:

Ok, thank you! and what about your token? we don’t have a question about it in the first part, so I can ask 😄when we can get it? what is the purpose of the token in your project?

Matt A:

The circular token economy is a value capturing ecosystem within itself, which is one of a kind at this moment in time in the iGDEFI space, within this we have various components that consistently drive value into the Royale ecosystem. Such as the staking lots, buyback and make (our reasoning for making instead of burn is that burning gets in the way of growing fundamental value, removing the tokens from circulation with the buyback achieves the purpose of less circulating supply, but burning the tokens limits the Royale networks ability to reinvest in itself). Functions that create a long term sustainable model as they both incentivize loyalty, and at the same time have a part to play in the treasury sink. Loyalty and rewards have a purpose of safekeeping (treasury) and locking in value ( rewards incentivizing actors in the ecosystem to remain loyal) respectively within the economic model. The optimizer for bankrolling new iGaming entrants and start-ups is also another value add to the ROYA tokens circular economy.  By adding a percentage of revenue from the gaming companies that we empower which comes back into the ecosystem via the form of ROYA tokens only, we now have the blended APY from the Defi world and the iGaming world.  When we say we are the first in the World to do this we mean it, new industry, hybrid APY bold statements but true, and we stand by our word. You now have a scenario that is just building block on top of building block, even in a bear market, the community derives value from the i-Gaming companies that it empowers. Via the stable APY from the optimizer, it is ultimately a long term self-sustainable model.

Alongside the governance, we have a tiered staking lot model so that everyone can benefit in-app from staking ROYA within our ecosystem

Avron Goss:

The token has many utilities in addition to this. It will be used by our iGaming partners for loyalty programs. The more ROYA tokens their players hold the better loyalty rewards they will receive (unique prizes, better odds, bonus play, etc). This will drive the desire for ROYA outside of the ROYA ecosystem. We can then layer with NFTs to make this really exciting.

Prof K – Fomocrafty Advisor Guy:

Yes, the NFT part is really incredible.

Matt A:

First, we will have one internal audit by our dev team. Our first external audit within this month. We may even have a second external audit again before we officially launch.

Gold Rocket | Satoshi Club

This is very good for the project. Have you already decided who will do the external audit?

Matt A:

We are in talks with Zokyo for our first audit this month. Although we have a few others we would like to discuss with first.

Gold Rocket | Satoshi Club

Sounds good!👍

D| Satoshi Club:

The more audits the better 😉

Joe Wong:

The audit is essentials nowadays, and we plan to also work with an insurance partner to manage risk.

https://medium.com/officialroyale/royale-closed-a-350-000-seed-round-to-disrupt-the-igaming-industry-f23b8a77b306

Prof K – Fomocrafty Advisor Guy:

The ROYA token is a coordinating mechanism between DeFi liquidity providers to the Royale optimized stable coin collateral pool and the governance of how to use that pool to support iGaming innovation.

Can you provide an example of a iGaming innovator who wants to apply to have their vision funded? @GioNeo. Let’s say this grandma. She thinks this platform is the best and wants to fund! What does she do? 🤷🏻‍♂️

Prof K – Fomocrafty Advisor Guy:

Grandma here is a true innovator! 🤪

Gold Rocket | Satoshi Club

I like her!😂

Gio:

We have our first customer closed, and will be making announcements over the coming days of quite a few more that we are currently in discussions with.

Prof K – Fomocrafty Advisor Guy:

So Grandma will have to wait then?

D| Satoshi Club:

Nice. lots of variants👍

Gold Rocket | Satoshi Club

How can I get this NFT already?

Avron Goss:

It will be a game-changer in the iGaming industry. I think the players are going to love them as much as baseball fans love collecting baseball cards! And they will add real value

D| Satoshi Club:

Your NFTs will be upgradable?😉

Prof K – Fomocrafty Advisor Guy:

For example, our platform has 3 different staking lots you can stake your tokens to earn – Royale Flush, Royale King, Royale Queen.

We could drop NFTs from our iGaming platforms to our staking lot holders that give token holders a discount on gaming fees. Or a multiplier on earnings, etc.

Staking lot holders could keep that NFT for themselves or sell it on rarible or open-sea or equivalent. It’s just another way to monetize the staking lot.

Gold Rocket | Satoshi Club

Thanks for sharing!

Gio:

BOOM. We are all madly in Love with what we are innovating and building.

Prof K – Fomocrafty Advisor Guy:

https://medium.com/officialroyale/royale-finance-unleashes-igaming-potential-with-igdefi-5201c83b8e94

Gold Rocket | Satoshi Club

I noticed that you are a team of the same thinkers!😊

Matt A:

Gio:

This is a true vision that is part of our destiny to fulfill, and we want everyone by our side as we fight this battle.

D| Satoshi Club:

Nice! I like this spirit! 💪

Prof K – Fomocrafty Advisor Guy:

Yeah, this gif we love! 👑

Gold Rocket | Satoshi Club

Ahaha😂

Gio:

Bring the Lamacorn in @Prof_K933

Joe Wong:

We are a team of dreamers!  and energetic and determined executors!

Gold Rocket | Satoshi Club

Can we proceed to the next question?

Matt A:

Joe Wong:

Yes please …  we are having too much fun here

Gold Rocket | Satoshi Club

Q3 from Telegram user @yzmoney

Your target market is new entrants and existing companies in the iGaming sector globally. New entrants have limited access to liquidity and do not have sufficient reserves and also existing companies that need short term liquidity requirements to build new products or enter new markets. How does royale review all this proposal by this company before releasing the funding? What will happen if these companies or project fails? How’s the interest of your investors be protected? What type of realistic returns can we expect by providing liquidity to these iGaming company?

Gio:

We’ve been building the vision for a long time, we are not complacent about the work and commitment that’s needed to achieve the long term strategy.

Prof K – Fomocrafty Advisor Guy:

This guy really earned his money! Great question!

Joe Wong:

The people here are smart!  great question

Matt A:

I agree, this has got the team thinking

Prof K – Fomocrafty Advisor Guy:

These are new awesome stickers, SC! We’ll let Gio: and Avron handle this answer.

Gold Rocket | Satoshi Club

❤️Satoshi Club is a place for smart and curious people😊

Gio:

With a rigorous on-boarding process, iGaming companies need to be licensed and have certified provably fair RnGs, the liquidity is structured as a drawdown facility so they do not receive the entire amount agreed, they only have access to daily operational bankroll. we have also implemented a multisig that Royale has 2 of the 3 keys of, we keep them honest in this way, as they will stop themselves from growing bigger if they fail stage 1

Gio:

They also provide us with a consistent flow of metrics as part of the agreement.

Avron Goss:

Providing liquidity always has inherent risk, without this there would not be substantial returns. Ultimately we manage this through a stringent and many-faceted risk management process. We have deep experience in iGaming which allows us access to promising opportunities. Once these have been identified, we can onboard them having done full due diligence. Of course, they will be tied down by real world commercial agreements, and we will also require collateral. Another way we will manage risk is by building a broad portfolio of investments. We will also keep a very close eye on each opportunity to make sure that we pick up early warning signs of failure and withdraw the loan (under the terms of the agreement) if this seems likely.

Gio:

Regarding the stability fees the iGaming companies pay back into the ecosystem in the form of ROYA, we have created a tiered model which is very fair for Royale and the iGaming companies.

Matt A:

How’s the interest of your investors be protected? We only loan a fraction of the liquidity to the iGaming operators. We use a diversified portfolio chosen by industry experts and robust real-world legal agreements to protect the loans.

We are also in talks with liquidity pool insurance providers and will be making an announcement shortly about who we have decided to partner with.

Gold Rocket | Satoshi Club

A non-standard solution, to be honest.

Joe Wong:

That’s why I call them dreamers and as a team, this will game-change all iGaming!

D| Satoshi Club:

So your approach to selecting candidates to work with will be quite meticulous?

Gio:

Yes, correct, these will be negotiated case by case, as risk varies.

Avron Goss:

Absolutely! In order to protect the Royale LPs, we need to build a successful network of partners. We are not going to sacrifice our vision for mediocre/high-risk partners.

D| Satoshi Club:

Great and smart decision! 👍

Gold Rocket | Satoshi Club:

It is worthy of respect!

D| Satoshi Club:

Thank you for informative answers guys! let’s jump to the next question?

Gold Rocket | Satoshi Club:

Q4 from Telegram user @Jonahapagu

You acknowledged some vital points in your article that Raising funds for a bankroll takes time, is complicated, and must be able to quickly scale to accommodate the volume played on the platform… considering the fact that you intend to Help raise bankroll Funds for not just one but multiple projects I imagine that if it will be difficult for a single project to raise funds for a bankroll how much more difficult will it be for a single project to do that for multiple Projects….knowing how difficult and how long this might take, how do you intend to ensure that your project can quickly scale to accommodate the demands of Multiple projects you will be handling in the future… do you intend to limit the number of projects you will handle to deal with this issue?

Prof K – Fomocrafty Advisor Guy:

Basically, the size of the liquidity pool will naturally limit this exposure.

Matt A:

We are tapping into this rapidly growing liquidity monster with industry-focused expertise

Prof K – Fomocrafty Advisor Guy:

As returns come back into the pool, some will be shared with staking lot holders (right now it’s 20% but that can be changed by governance) but the lion’s share goes back to the LP. As the LP gets bigger, that opens up more opportunities to provide iGaming entrepreneurs with liquidity.

D| Satoshi Club:

Do you think value locked in DeFi would be growing? 😉

Matt A:

I believe that over the next few years we will see further growth – yes

Prof K – Fomocrafty Advisor Guy:

Probably get to be 10% of the crypto market cap within 18 months. That’s being conservative. Today if that were true it’s like $55b.

Matt A:

Here is proof that King K knows what he is talking about https://twitter.com/shanghaipreneur/status/1225620445384175616?s=20

Gio:

There is no shortage of iGaming projects and we believe that we can manage the onboarding of multiple projects in parallel. In addition, projects will last for years and therefore we can build a portfolio over time. The more success we deliver, the more we drive back into liquidity pools from the iGaming companies and the more LPs will contribute as they are seeing value. Scaling is not an issue as the iGaming account management team will be easy to scale. It’s no different to building a division in a VC.

D| Satoshi Club:

So DeFi topic is still hot 😁

Gio:

We would all be very surprised if it did not, if anything Defi is currently the fuel of the space.

Prof K – Fomocrafty Advisor Guy:

YFI is $25k+ (I think) so absolutely yeah. Yeah, I made this call in February. And people called me crazy back then.

Gio:

It’s where all the action, innovation, and tools that we could not have even dreamed of 2 years ago are being developed today.

Prof K – Fomocrafty Advisor Guy:

But here we are with a whole month to go and turns out I underestimated by a whole 50%!

Gold Rocket | Satoshi Club:

You are right, guys!🤑

Gio:

The Royale battle begins and we are here on the front line day by day.

Gold Rocket | Satoshi Club:

With the best special agents 007😁

Prof K – Fomocrafty Advisor Guy:

As I was telling you guys before the AMA, DeFi really hasn’t even hit its stride yet because it hasn’t reached into industry-specific solutions. Royale is kind of a first mover in this regard – with iGDeFi. But you’ll see SupplyChainDeFi. Like ur seeing InsuranceDeFi. Like NXM and NSURE etc.

Joe Wong:

And HealthDefi…  I believe.

Prof K – Fomocrafty Advisor Guy:

And on, and on.

Gio:

It’s all coming.

Joe Wong:

A big industry

D| Satoshi Club:

I will be very happy to see all of that 😁

Prof K – Fomocrafty Advisor Guy:

It’s a theme we at Fomocraft are betting heavily on! (pun intended)

Gio:

It’s an honor to be here today for all of us. And a worthy pun.

Matt A:

Exactly DeFi needs to be focused in certain industries to maximize real value.

Prof K – Fomocrafty Advisor Guy:

Gold Rocket | Satoshi Club:

The first movers are always more difficult. They don’t have ready-made solutions. But it’s more interesting for them to live 😊

D| Satoshi Club:

Thank you, guys! 🙏 I think this question is covered, ready for the next one?

Matt A:

We are all so lucky to have this team here together working on this vision.

Gio:

That’s a valid point and we have been very careful constructing the vision in a way that keeps us relevant for a long time to come.

Prof K – Fomocrafty Advisor Guy:

Bring it!

Gold Rocket | Satoshi Club:

Q5 from telegram Username  @Winterkom                              

What solution does Royale Finance provide for game developers? Will it be like building on top of the ETH network or are you planning to create an alternative blockchain?

Matt A:

For our V1 we will be building on top of Ethereum yes. We have no plans to build our own blockchain at this stage, but interesting to ponder on..

Gio:

The game developers can build where ever they like we will not limit innovation to one blockchain, we are moving into a cross-chain era, and we will be at the forefront of its adoption. Any more questions?

D| Satoshi Club:

So you will be work with other blockchains as well? In the future 😄

Gio:

Our V2 states coss chain compatibility, we will execute on that statement, Yes.

D| Satoshi Club:

Got it👌

Matt A:

We would like to solidify our relationships further before we announce anything. All I can say is the conversations have started with other chains for our V2.

D| Satoshi Club:

Of course, it’s understandable👌 Thank you! and we have the last question from part 1. ready?

Gio:

Yes of course.

Gold Rocket | Satoshi Club:

And the last question of this part!😉 I think you will like it!

Q6 from Telegram user @Levradus

Do you plan to solve conflict and mistrust between game devs and players?

Especially for online games, there is a huge algorithm war to keep players competing like crazy instead of letting them earn decently and win/lose in a fair way. Using the W/L ratio and keeping the player addicted to the product instead of giving chance ascent…

I’m really curious about your criteria for eligible games to be funded…

Gold Rocket | Satoshi Club:

Not an easy question 😅

D| Satoshi Club:

This question from a true player 😄

Gio:

Provably fair solves that as it is a verifiable source of truth, we will make sure all RnGs are certified by one of the leading accredited test laboratories, regarding addicted to the product, games are inherently made to be addictive, from Candy crush to Fifa to a Roulette wheel, and the game mechanics serve that purpose and are made for entertainment purposes.

Joe Wong:

Matt A:

You will have to excuse my poor grammar and typo’s, it’s coming up to 3 am for me.

Gold Rocket | Satoshi Club:

You won’t be caught off guard! 😁

D| Satoshi Club:

No worries! I do lots of typos and grammar mistakes daily 😁

Matt A:

And we welcome all of you to join us on this mission.

Joe Wong:

ROYALE is a carefully planned project, that’s why these materials exist.  we made them available on our website so all of you can take a closer look at them at your leisure

Gold Rocket | Satoshi Club:

The essence of the issue is revealed, this is the main thing.

Joe Wong:

As a first mover, there are no ready materials.  let us just say that there are a lot more experts behind the team who supports us to bring this wave of innovation

Gold Rocket | Satoshi Club:

Would you like to add something or share something useful with our community before opening a chat?

D| Satoshi Club:

Thank you, guys! appreciate for great answers, everything is clear for me! if you are ready we can go to the second part of our AMA?

Joe Wong:

I think we talked a lot.  maybe we let your community field some questions.

Matt A:

This was my first AMA and this has been so much fun. Thanks so much for having us on.

Gold Rocket | Satoshi Club:

We are glad to have you here too 😊

Gio:

Please we are looking forward to it.

D| Satoshi Club:

Get ready Satoshi club! I will open chat soon… 10 seconds…

Gold Rocket | Satoshi Club:

A bit early))))) you will need to select 10 questions from the waterfall and answer.

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

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the Royal crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Joseunda

Esports is a very large industry and they can also contribute bets, is it in your plans to incorporate esports into the Royale ecosystem?

Gio:

Yes, it is.

Q – 2 from a telegram user  @Pratze

Is there any way to get $ROYA Token right now? Where will be $ROYALlisting? Can u share the linked website here? Thx.

Gio:

Royale.finance and our announcement channels and socials will guide you.

Q – 3 from a telegram user @rogerass

Can you explain what the royale king and royale queen are and are there any differences or the same?

Matt A:

Royale King and Queens are staking slots. You need to stake 7200 $ROYA for a Queen and 72,000 $ROYA for a King. The other difference is the NFTs that will be associated with these, but this is coming later down the track for us.

Q – 4 from a telegram user @KevSalom

Tell us about the recent $350,000 funding that Royale has received. Who were the investors? What do you plan to invest this money in? What are the next steps?

Joe Wong:

Yes. We closed the $350k seed round fairly quickly. the lead contributors are Alphabit, FOMOcraft Venture, Vendetta Capital, Kyros Ventures, and MANTRA DAO foundation. the fund will be used mainly to fund the platform development, build the treasury which will be used as the funding for iGaming partners (startups and established gaming companies), marketing, etc. the details are also provided on our website.

Q – 5 from a telegram user @konditer_rolex

I read an article on COINSPEAKER where ROYAL was included in the TOP5 of the most promising projects of the end of 2020. Do you have an ace up your sleeve to become the best project in 2021?

Gio:

Good question, we are a team of visionaries that can execute, we only have plans to be the best we can be, and are madly in love with what we are doing, Royale and the birth of a new industry iGDefi, anything else that is manifested from this is a bonus. Having all of you alongside us as we grow is special.

Q – 6 from a telegram user  @BlancaSdF

Online casinos are not legal in some countries, do you plan to include regional barriers or KYC policies?

Joe Wong:

We take KYC and regulation very seriously. therefore we have stated explicitly that we are not able to take participation from tax residence in North Korea, the USA, Iran, Venezuela, Sudan, Somalia, and Yemen. based on consultation from our legal advisor, this list gets updated from time to time.

Q – 7 from a telegram user @vedamatrix

Transparency is important for the online igaming industry. How do you plan to maintain transparency and freedom?

Gio:

Transparency is within the provably fair games, and our ecosystem, we enable freedom by allowing entrepreneurs to innovate without feeling the limitations of what a lack of liquidity brings.

Q – 8 from a telegram user 

One question was answered during an open chat

Q – 9 from a telegram user  @DiegoRME

What are the steps to contribute to ROYALE? And what benefits can I get from doing it? What incentives can you offer to people who contribute?

Joe Wong:

Everyone should try to have a diversified portfolio and the iGaming digital assets lucrative and inaccessible. by enabling ROYA token holders to participate and get a share of revenue that’s a kind of diversification. on top of that, there is a yield optimizer built into our platform to enable your digital assets to tap into other DeFi yields (details to be announced in the future) giving you access to uncorrelated revenue streams. to contribute, first go to our website, read upon us, and then you can fill up a form to the white list.

Q -10 from a telegram user @DiegoRME

What is the mission for which the creation of ROYALE was inspired? What is their main goal to achieve?

Matt A:

Gio came up with the idea for the iGaming aggregator (V2) about two years ago. This year Gio and I came together and brought the iGaming expertise, I brought the DeFi network. Thereafter iGDeFi birthed Royale.

The mission is for every online casino can attract gamers with our suite of provably fair games supported by our community of token holders.

Our main goal is for all our Kings and Queens to interact in a transparent environment and be the house.

Part 3 – Quiz about project

In the final part, we would like to check your knowledge in terms of the Royal Finance project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ 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: Royal.finance

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