Part 1: 250$ /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: 250$/15 users – Open chat for 100 seconds. You can post Max 3 questions. TimeCoinProtocol Team will select 15 questions and answer them.
Part 3: 2500$ – A quiz about TimeCoinProtocol
For more details:
TimeCoinProtocol – @TimeCoinProtocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
PART 1. Introduction of Spartan Casino project and community questions.
Hello, Satoshi clubbers and guests of this site. And so today’s AMA is about a project where the clink of coins, the noise of slot machines, and other signs of a casino are replaced by the same excitement, but in a cozy home environment.
Spartan decentralized casino in combination with the live dealer will position as the future of Ethereum gambling DApps.
Mary | Satoshi Club – @madamlobster and D. | Satoshi Club – @Cool_as_Ice
The Representative of the project:
Wild Spartan_will_NEVER_DM_1ST – @Spartan_Wild – CMO of Spartan.casino
Kavita Pandey – @Kavi1235
Introduction of Spartan casino project.
Mary | satoshi club:
Hello, satoshi club! We are happy to announce our ama session with the Spartan.casino! Welcome to satoshi club😀
D| satoshi club:
Hello everyone 👋 @spartan_wild @kavi1235 welcome to satoshi club! Nice to see you here!
Wild spartan_will_never_dm_1st:
Haaaaay guys I hope everyone is safe and well?
Kavita pandey:
Hello everyone. Hope all of you are doing great.
Mary | satoshi club:
Of course 🎉🚀
D| satoshi club:
Yes! How are you?
Wild spartan_will_never_dm_1st:
Nice to be here thank you.
Kavita pandey:
Nice to meet you all
Mary | satoshi club:
So, let’s start 🚀
Wild spartan_will_never_dm_1st:
Great
Mary | satoshi club:
Could you please introduce yourself and spartan.casino to our community?😉
Wild spartan_will_never_dm_1st:
Sure so my name is Chris I am the CMO of spartan.casino… The spartan project is all about the online gambling industry that solves all the existing issues with its improved casino model. We will implement and run an Ethereum blockchain-based ecosystem with its own set of smart contracts and custom live dealer games to meet online gambling requirements.
Ether based contracts are more efficient and globally acceptable.
The ultimate goal of spartan.casino is to remove the risks inherent in the current system by making it decentralized, transparent, and trustworthy.
Mary | Satoshi Club:
Are you for a long time gambling industry?
Kavita pandey:
We have experience in the industry through our founding members who have experience in building casino frameworks and working in association with partners for integration of the best technology
Wild spartan_will_never_dm_1st:
Personally, I have been involved with some very large brands related to the advertising and casino niche markets so I do have some very solid exposure to those fields And with the covid crisis has really exposed the vulnerabilities of land-based casinos and really shined a light on the possibility of this new and exciting emerging market that blockchain casinos can bring so this could be the moment when the stars align hehe
Mary | satoshi club:
Oh, yes, the COVID crisis brought a lot of opportunities for online projects 👍
D| satoshi club:
What is wrong with the existing casino model? 😁
Wild spartan_will_never_dm_1st:
Well currently you attend a casino and you either win or lose with spartan.casino we pride ourselves on a shared model for all … Weather you’re watching ads or participating in the casino it’s self you will experience a casino like no other.
D| satoshi club:
Sounds good 👍
Wild spartan_will_never_dm_1st:
Thank you.
Kavita pandey:
Hi, and I am Kavita our the coo of spartan with 30 years of experience in financial management and operations with multinational companies including blockchain technologies and am responsible for building the operations and finances of spartan. We have an excellent team in addition, to the legal, marketing, design, and support side working round the clock to stream information and supporting the platform and social media channels at spartan.
Mary | satoshi club:
Great experience 👍 How old is your project?
Kavita pandey:
Our project was conceived in 2019 and ever since we have been building on the framework
Mary | satoshi club:
So, you have everything to build a great product 👍
Wild spartan_will_never_dm_1st:
Yes, we really want to make sure the casino is a casino not just delivered on the plates of our users but we wanted to take the position that the casino must be built around the community for the community so we are at the nascent stages and once we have our presale we will start the fun stuff which will be sharing our concepts with the community and getting some voting going on all aspects so it’s very much community-driven.
Mary | satoshi club:
We have questions from our community about spartan.casino🚀🎉 Ready for them?
Wild spartan_will_never_dm_1st:
Yes please go ahead.
D| satoshi club:
Thank you for the great intro!
Mary | satoshi club:
Awesome 👍
Preselected questions about the Spartan casino project.
D| satoshi club:
Q1 from telegram username @bunnydisplay
In your roadmap, you state that live sports betting will be available starting from June 2021. Can you confirm that this feature is still on track and the global pandemic didn’t affect this schedule, as it affected all the sports?
Wild spartan_will_never_dm_1st:
Yes, we are still on course with our sportsbooks. You see most of the people across the world lost the ability to attend the sports in person however they are very much available on live stream and that is how we are still able to facilitate our sportsbook to our community so yes that is still very much on course.
Mary | satoshi club:
Yes, sports industry suffered.
D| satoshi club:
What sorts of games will be available in your casino? Will there be slot machines, roulettes, card games..anything else?
D| satoshi club:
Betting will be available as well, as we know now 😄
Wild spartan_will_never_dm_1st:
Yes, we will be providing some of the classics along with some very cool inhouse additions but we will have plenty to enjoy and + the live dealer experience and as stated before live sports that you can enjoy too we are in talks with some of the biggest 3rd party suppliers in the industry all who want a piece of the blockchain pie so this will allow us to service all the great games and concepts we want to include but remember it will be the community that really drives home what they want and then we will endeavor to deliver upon those requirements.
D| satoshi club:
Cool 👍 yeah community is one of the important keys to the success of any project
Wild spartan_will_never_dm_1st:
Its the pillar of success 😀
D| satoshi club:
Indeed!
Mary | satoshi club:
Thank you for the great answers! Do you want to add something or we can proceed?😀
Wild spartan_will_never_dm_1st:
No, you can proceed 😉
D| satoshi club:
Q2 from telegram username @olivegreece
The gambling industry has a good return on investment for the owners but it’s a legislating nightmare. What’s your approach towards this, most countries require KYC and a lot of other additional checks from gambling platforms?
Mary | satoshi club:
👀
Wild spartan_will_never_dm_1st:
Another great question. Now we have a very unique position and that is usually casinos are red tapped to the hills and the entire process can take years to get into space however we have done extensive research and thrown our legal team knee-deep in all the regulations that can follow so that is why we have the opportunity to incorporate in such a way that we can service both the KYC and non-kyc markets while maintaining the highest level of legal decorum, for example, we will have players who want to come and play and stick to just the Ethereum model and stay within the remit of the blockchain which will mean they are free to play however the legal framework will not permit them to use our casino from a fiat perspective. However, all users who chose to use the full KYC model will have the ability to onboard and use our internal and external 3rd party casino partners who would not usually be permitted due to regulatory oversight so you see we don’t need to stick with a regulated model we choose to so that all initial investors and gamers don’t need to worry if the regulators suddenly spring it on the blockchain industry that you must we would already have that in place and nothing would be disrupted. We wanted all that done upfront first so that part is taken care of.
D| satoshi club:
Great system model!
By the way, can you block somehow players in your casino? If you suspect that someone cheating or use multiple accounts? I know it’s possible in traditional casinos, but what about blockchain casinos 😊
Wild spartan_will_never_dm_1st:
Yes we have been looking into that and we are nearing that solution so let’s say at the moment in theory, yes but we can confirm that once the platform is fully up and running … We expect bad actors they are everywhere so that is something we can’t stop but we can see what habitual they showcase on the platform that will help weed out a lot of them.
Wild spartan_will_never_dm_1st:
Thank you we really did see that as an oncoming threat so we chose to approach it head-on so no one gets any surprises along the way.
Mary | satoshi club:
For which levels do you use KYC?
Wild spartan_will_never_dm_1st:
Sorry, can you elaborate?
Mary | satoshi club:
You told me that you can service both KYC and non-kyc markets, I mean which markets😀 , And, btw, which countries did you restrict from participation in $war pre-sale?😀
Kavita pandey:
The War token is available on the LID platform where the executive team has been stringently KYCD. The beauty of the lid protocol is that the KYC does not apply to investors so anyone can apply for the token😀
Mary | satoshi club:
Oh, that’s great 👍 btw, can you share pre-sale details with us?😀
Kavita pandey:
Yes of course.
Https://sale.lid.sh/spartan
Please refer to this link for the presale details
Mary | satoshi club:
Great👍 now we have all details 🎉
Wild spartan_will_never_dm_1st:
Perfect.
D| satoshi club:
We had ama with the LID team, great guys!
Wild spartan_will_never_dm_1st:
Yes, a very strict protocol that is what we liked they are very particular and that shows us that they also have a very high thresh hold to entry to be on their platform too.
Ooh yes so this was not our intention however covid has provided us with this opportunity we are looking to market to non-crypto markets and bring them over to the spartan casino this will be an education and once they see that we are a share model casino then the mundane win loose model will be more exciting to them. We did a short survey many years ago at betting shops and we asked them how many of you would play games that if you didn’t win now you could win later and explained the model and a staggering 87% said they would change their provider based on that fact so that shows the market is ready for something new we plan on being that something new.
Kavita pandey:
On the regulation part, I would like to add a little more to the answer offered very meticulously by my colleague. As of now, there is no regulation applicable to online blockchain casinos in most countries barring a few. You can refer to the pitch deck for the list of countries that are not eligible.
Wild spartan_will_never_dm_1st:
Www.spartan.casino yes that is correct
Mary | satoshi club:
Thanks, guys, for your answers 👍 ready for the next question?
Wild spartan_will_never_dm_1st:
Yeah fire away
D| satoshi club:
Q3 from telegram username @dustyllanos
Lots of blockchain casinos build on EOS has either died or not continued by devs due to high CPU fees.
So, how will spartan solve this, where in fact, you are building on Etherium, which is known to be a slow and congested network with high fees?
Wild spartan_will_never_dm_1st:
Great q. So we know that the lull in speed on Ethereum is in the short term the 2.0 is around the corner which will slash those network fees so for now like everyone we are weathering the storm however we will be perhaps looking at a cross-chain model which will allow us to leverage the speed of other layers and still enjoy the benefits of the eth community because let’s face it the dev’s are all on ETH and most of them are just so ready to build new and exciting things on top and make the community as robust as they can. We looked at the other chains before deciding on eth but the developers are just not building as they do on Ethereum in our findings.
Mary | satoshi club:
Which cross-chain models do you like?
Wild spartan_will_never_dm_1st:
Quite like Polkadot, I feel that is going places and has room to grow and also no casinos on Polkadot as of yet so huuumm the possibility sounds tasty HeHe.
Mary | satoshi club:
Yes, mostly DeFi 😂 , And yes, they are cool😉 a lot of projects choose them
D| satoshi club:
So at the launch of the casino, I can able do deposits only with Ethereum?
Wild spartan_will_never_dm_1st:
Haa but that is one application that has been explored to great success let’s see what we do next hehe 😉
We are on Ethereum at this time we didn’t want to be on all chains that are creating a lot of unrequired work for example EOS great in 2017 for the casino market now silent we can’t afford to be stuck we need to press on and keep making progress and building that is the way our model makes waves and creates a household brand in the blockchain space.
D| satoshi club:
Gotcha 👍Thank you! Ready for the next question?
Wild spartan_will_never_dm_1st:
Yes please go ahead.
D| satoshi club:
Q4 from telegram username @jesusfre1tes
Reading about Spartan casino, I found that war token rewards will be distributed by playing certain games within the platform. What will be the main games that users will be able to monetize their skills within Spartan casino? What will be the percentage of rewards they will get through these games?
Wild spartan_will_never_dm_1st:
So, the war token is an exciting token in that all holders will receive a slice of the advertising revenue we receive for example …. Let’s say that you are watching mike Tyson and some other boxer … Now in those days and even to this day we have pay per view… Where you have to pay to watch the sport… Well, we are introducing the pay per view model. This means that the advertisers will get slots on those sporting events and pay the spartan casino for the opportunity to get in front of our audience which will, in turn, allow all holders of the $war token to receive the spend we charge the advertisers which will be shared at the end of the month in the form of USDT and that is auto-sent to your staked wallet on the casino so it’s automatic all you need to do is hold WAR.
As for games, there will be plenty of interactive games we engage the iron token which is the gaming token but the idea is to hold both that is where the magic happens you unlock staking rewards with iron and advertising bonus’s with war token holders and so you can see why holding both really gives you an excellent rev-share model.
Mary | satoshi club:
Do you already have advertisers?
Wild spartan_will_never_dm_1st:
We have advertising partners already lined up and ready to make progress.
Mary | satoshi club:
Thanks, guys, for these detailed answers!
Wild spartan_will_never_dm_1st:
The market share will only get bigger with bitcoin and Ethereum going mainstream so the revenue potential from advertisers is very healthy indeed.
Mary | satoshi club:
Ready for the next question?
Wild spartan_will_never_dm_1st:
Yes please go ahead.
D| satoshi club:
Q5 from telegram username @edibrown
What does “provably fair” mean? Can you tell us specifically, because everyone says their product is the best, but it would help to see some numbers?
Wild spartan_will_never_dm_1st:
Sure ….. I understand how you feel @edibrown and a lot of people felt the same way with that statement but they have found with our platform yet to be developed we can review in great detail all the competitors and see how we can really make this a clear experience for our community and the way we do that is also adding that additional layer of protection from a licensed point of view. All bets are on the blockchain and so there can be no denying a hand and no way for anyone to track the chain without having to roll it back which is near impossible without forking so that also will be out of the question. All we can state at this stage is follow along watch what we do not what we say this is the true test of seeing what is provably fair and what is not.
Mary | satoshi club:
Will your platform be audited?
Wild spartan_will_never_dm_1st:
Yes indeed the tokens are audited and we will have 2x types of audits we will have a blockchain auditing firm and also we will have an auditing firm from the gaming community so that we can safely say we have maintained the highest level of QC and security in the industry.
Mary | satoshi club:
All reports will be public, right?
Wild spartan_will_never_dm_1st:
Yes, 100%. Filing those away makes no sense without community oversight.
Mary | satoshi club:
That’s true 😂
Great! Thanks! Ready for the 6th and last question from this part?
Wild spartan_will_never_dm_1st:
Yes sure.
D| satoshi club:
The last question from the first part! 🚀
Q6 from telegram username @cattlewhat
In your roadmap, the distance between phase 1 and phase 2 of the IEO is approx. 3 months. Also, the listing on Uniswap is scheduled for the march as well. How did phase 1 of the IEO take place, and explain as well the offering model please because it’s a little bit more unusual than for other projects there?
Wild spartan_will_never_dm_1st:
Great Q. So creating and rolling out a casino is as much about brand awareness as it is about the games you provide, so we wanted to make sure we have as much time to breathe and deliver upon our strategic partnerships as we do with the IEO. We actually realized something that was very fundamental to the crypto space. With all the IEO’s we never had any way to allow non-kyc participants the chance to be a part of this wonderful raise so we decided instead of rolling all the features into 1 token the iron we should create and reward our non-kyc market with the chance to also be a part of the raise, and WAR was born. So, in short, we still have our IEO’s open with CHAINX the Korean exchange, and Latoken the global exchange but we wanted to make sure non-kyc investors had the chance to be a part of this great casino too.
Mary | satoshi club:
Ha, yes, this time everyone has a chance👍
Wild spartan_will_never_dm_1st:
Yes, exactly we want to be inclusive to everyone’s privacy apatite.
Mary | satoshi club:
Btw, I like your roadmap design very much😉
Wild spartan_will_never_dm_1st:
Haaa great thank you.
D| satoshi club:
So many big events in the future 🥳
Wild spartan_will_never_dm_1st:
Yeah really exciting stuff ahead
Mary | satoshi club:
And I feel that now is time to open the live part😉 everyone ready?
Mary | satoshi club:
Oh, I see😂
Mary | satoshi club:
Let’s go 🚀
PART 2.Questions about the Spartan casino 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 Spartan casino 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 @AmitGoyal1444
Every user is so possessive about security concerns So tell me what things do you have adopted for better, safe, and evident security?
Wild Spartan_will_NEVER_DM_1ST:
we will have the highest level of security in the current gaming industry as well as the blockchain oversight so we will be using them as a blend so we can find the safest models possible.
Q – 2 from a telegram user @natarajmarblebackup2
We all know that security is really important and valued by users these days. What security measures does Spartan Casino take for its investors? How do you prefer to protect against hacking and do you have insurance for investors?
Kavita Pandey:
With the rise of cryptocurrency and various ecosystems such as the Blockchain Casino industries come security risks and potential bad actors to enter the space and we totally understand that and we understand how everyone must feel I am sure a lot of people have felt the same way but they have found that with our strong team expertise and intention to serve our community for many years to come we plan on making sure security is at the forefront of our platform and we also will be looking into a SAFU option as to mitigate any hardcore breaches in our security protocol while maintaining a very high level of service and professionalism. Firstly, the token contract has already been audited by a very reputed third-party auditor which has met the stringent criteria applied by LID Secondly, the token contract does not have any public methods that can affect its security. Thirdly private key from the governance address has never been shared as well. For insurance for investors and users, we will be using third-party services that can manage user wallets under our hold, like Bigo. This is when the Platform gets active and the users will start the play
Q – 3 from a telegram user @lchongthu
Will the Spartan Casino be available worldwide?
Kavita Pandey:
Yes it will be barring the few jurisdictions which exclusively forbid online games
Q – 4 from a telegram user @stargateeatlantis
Can you explain how is it possible to mint Spartan Casino token in which ways can we mint it?
Wild Spartan_will_NEVER_DM_1ST:
Minting is not possible with our tokens we have staking rewards in which our IRON token can be done but the WAR Token has a 100M max supply with no mint features possible
Q – 5 from a telegram user @tuvalunia
Why does your system need to be decentralized?
Wild Spartan_will_NEVER_DM_1ST:
It will be a blend of both we will be regulated and also participate on the Eth chain and so Decentralised is a must for non KYC users
Q – 6 from a telegram user @astraaldesign
The sports betting service is quite interesting considering that many of us access external non-blockchain platforms to place sports bets. What sports can be accessed from Spartan.Casino?
Kavita Pandey:
We are heading for exclusive tie-ups with some of the most premium brands in the Industry. Be on a look out for our announcements on that front soon
Q – 7 from a telegram user @spongeboblu
Did the presale of the Spartan Casino token is over or will there be another pre-sale?
Wild Spartan_will_NEVER_DM_1ST:
We HOPE to sell out as this is a very unique proposition and so it will be a very unique market offering so hope to see you on the inside.
Q – 8 from a telegram user @Beterror203
Hello, @Spartan_Wild Casinos have bonuses when making deposits to motivate and attract attention, they will also have it, what bonus or incentive does Spartan Casino offer to new users?
Wild Spartan_will_NEVER_DM_1ST:
New users will have join bonuses too but that will rotate often to make it fair to all players.
Q – 9 from a telegram user @curiosoAMA
How large is the repertoire of games you have available on Spartan at this moment?
Wild Spartan_will_NEVER_DM_1ST:
We are in talks with some very large brands so we are intended to surprise the market and be one of the leading casinos in the space for many years to come.
GOOD LUCK TO ALL OF YOU!!!
Q -10 from a telegram user @Sanda15
Once the soft cap reach and the hardcap couldn’t, will the listing still proceed?
Kavita Pandey:
Yes absolutely. We have 24 hours to hit the soft cap as the presale starts. So yes the announcement will be made in 24 hours.
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the Spartan casino project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 600$ was distributed between the winners.
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 EPNS and our guest was Harsh and Richa, co-founders of EPNS. The AMA took place on 30 January.
The AMA session was divided into 3 parts with a total crypto reward pool of 600$
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 EPNS! Welcome to Satoshi Club😀
D. | Satoshi Club: Hello everyone! 👋 Another AMA in Satoshi club! And our guests today – @harshr @RJlwl! Welcome! Hello guys! 😃
Harsh | EPNS: Thanks, @Cool_as_Ice Really excited to be here!
Mary | Satoshi Club: Hello, Harsh👏 happy to see you here 👍
D. | Satoshi Club: Good to have you here 😃How are you doing?
Richa | EPNS 📨 | won’t DM first: Hey Legendary Satoshi Community & @Cool_as_Ice, great to be here 👋
D. | Satoshi Club: Hello! welcome! 🥳
Mary | Satoshi Club: Hello, Risha! Welcome to Satoshi Club 👏
Richa | EPNS 📨 | won’t DM first: Hey @madamlobster doing great, hope you all are having an awesome weekend as well.
D. | Satoshi Club: Do you guys ready to begin our AMA?
Mary | Satoshi Club: Guys, could you please introduce yourself and tell us how did you start with EPNS?😀
Harsh | EPNS: Thanks! Really feels awesome to be here… Hey awesome Satoshis ;). I am Harsh, Founder and Project Lead of Ethereum Push Notification Service. Some background about me, I love dabbling in all things tech; and have been fortunate enough to have the support from the awesome Ethereum and blockchain community to have been given the chance to create/change the communication layer for Ethereum and Web3 which we like to call as The missing piece of web3.
Richa | EPNS 📨 | won’t DM first: Sure! I am the co-founder of Ethereum Push Notification Service (EPNS). I wear multiple hats at EPNS though am focused on mostly Marketing and Product. Before EPNS, I worked with companies like Deloitte, Wipro, etc., and have close to 12 years of techno-functional experience in various aspects of product management, design, and development across multiple facets of the product lifecycle.
Harsh | EPNS: A bit about our journey:
Mary | Satoshi Club: Nice background! Sure it will help EPNS a lot👍
😉
Harsh | EPNS: We have had an awesome journey! We identified this pain point, ie: lack of communication in Web3 in January, Ideation and loads of research took a couple of months after which we took the idea to Ethereum Foundation, there we were lucky to be guided to EthGlobal HackMoney, after which we got selected and mentored by IDEO in their product validation day (PVD) and then got selected in Gitcoin Kernel accelerator/incubator, which is one of the most prestigious accelerators in our space. We are loving this roller coaster ride!
Mary | Satoshi Club: Yes! And I see that your coaster ride is really successful 😀
D. | Satoshi Club: Awesome journey indeed! 😁
Harsh | EPNS: Also, really happy and grateful to share that we recently completed our seed round and were honored to get backing from notable web3 leaders including Balaji Srinivasan (Fmr CTO of Coinbase, General Partner at a16z. Cofounder of Earn, Counsyl, Teleport), Kenneth Ng (Ethereum Foundation), Scott Moore (Co-founder, Gitcoin), Mariano Conti (Fmr Head of Smart Contracts, MakerDAO), Anthony Sassano (EthHub / TheDailyGwei), DeFiDad (COO, Zapper), Ravindra (Frontier Wallet), Preethi Kasireddy (Fmr Partner at a16z), Auryn Macmillan (Gnosis), TheLAO, MetaCartel VC and several more awesome peeps!
Richa | EPNS 📨 | won’t DM first: To learn more about our investors please visit: https://epns.io/
Mary | Satoshi Club: A lot of familiar and famous names 👏
Richa | EPNS 📨 | won’t DM first: 🙌
D. | Satoshi Club: Congrats on this achievement 👍
Harsh | EPNS: 😃
Mary | Satoshi Club: You have an amazing intro, guys!
D. | Satoshi Club: Q1 from Telegram user @jobel4 As the trademark or tagline of EPNS goes ” Subscribe, notify and earn.”. Firstly, is the subscription of EPNS is free or need to pay? If need to pay, what is the medium of payment? Can I also unsubscribe? Secondly, How can I get notified, is that thru email, SMS or multimedia messaging? Lastly, as a curiosity how can I earn in your platform if the service you have is giving notification? Thank you.
Harsh | EPNS: Awesome question!
EPNS is free or needs to pay? Subscribing is a one-time process that is always free!! with the exception of users paying gas for opt-in, which can in many instances be taken care of by services frontend (or through us) via meta transaction.
When it comes to users, all they have to do is pay the gas fees which can vary depending on if it’s done through L1 or L2. The medium of payment is only in relation to gas and hence ETH. For unsubscribe, A communication protocol needs to have users in full control and hence the user can always unsubscribe with the service having no control over it.
How do you get notified? Since we abstracted sending notification and receiving part, in essence, notifications can be delivered to any platform including the ones you mentioned! But for now, we want to focus on pseudo-anonymous web3 notifications which mean you are notified on your wallet address. The design is simple, subscribe to a service you want to receive notifications from, connect your public wallet address to either our mobile app, dApp, or extension (coming soon) and that’s it! Let the notifs will come to you.
In the future, we envision EPNS protocol to also be integrated among your favorite crypto wallets which will mean that whatever web3 entry software you use will show these notifs to you!
The Earn part is our favorite! Since we are a decentralized notification protocol, the services before they can send out notifs to their subscribers are required to activate themselves, which we call it creating a channel. For this, they are required to stake DAI (50 or higher) to the protocol. This DAI is then lending out via the protocol to AAVE and in turn, starts generating interest which is distributed among the subscribers of that channel in a weighted manner towards early subscribers.
Mary | Satoshi Club: Do you have guides on how to use your services?
D. | Satoshi Club: Can we already use your service? on which platforms it’s available?
Richa | EPNS 📨 | won’t DM first: Sure, we are coming out with our How-to-Guide soon. For now, users can reach us on our telegram group https://t.me/epnsproject and we can guide them on each step on how to set it up 👍
D. | Satoshi Club: 👍👍👍
Mary | Satoshi Club: [In reply to Richa | EPNS 📨 | won’t DM first] Great! I already downloaded your app, but I think I will need help😉
Richa | EPNS 📨 | won’t DM first: Yes, While we are on Ropsten, notifications are live and working.
Richa | EPNS 📨 | won’t DM first: Haha, sure! Here to help.
Mary | Satoshi Club: 👍
D. | Satoshi Club: Nice! I need to try this 👌
D. | Satoshi Club: Thank you for your answers! ready for the next question?
Mary | Satoshi Club: We need to try😉 sure, it will be very useful!
Richa | EPNS 📨 | won’t DM first: Yes.
Richa | EPNS 📨 | won’t DM first: 💯
D. | Satoshi Club: Awesome! Let’s do this!
D. | Satoshi Club: Q2 from Telegram user @Highpee Notification providers can become annoying sometimes with the way and rate at which they send unsolicited spam notification to users. As a Push Notification Service, how does EPNS ensures that notifications are not unnecessary overbearing but are specifically targetted to add value to the user? Do you have a content filtering and abstraction mechanism within your Protocol to filter unhealthy notifications from service channels and throttle-limit channels with poor spam health score? Our users also able to control spam-related content?
Richa | EPNS 📨 | won’t DM first: Hahaha, yeah we understand the problem users face when it comes to unsolicited and spam notifications 😅. We actually thought a ton about it and there are a couple of ways by which we mitigate the issue (everything happens on protocol :)):
1) Users have to opt in to receive notifications from the service first before they can start communicating. This ensures that users are always in control, if they unsubscribe, there is no way for a service to add to them.
2) To ensure that a service doesn’t turn malicious later on, we attach a Spam Score to them as well which is adjusted by both positive (higher number of subscribers, the passage of time, etc) and negative (unusual number of notifications, a higher number of unsubscribes, etc) actions. This score when it crosses a certain threshold activates the protocol throttle mechanism which is a way to penalize services a bit at first and if they don’t stop then making the throttling go high thereby ensuring that it’s always in the best interest of services to not spam their users.
We are also planning verified badges in the future to ensure that while everyone can create a channel and everyone can opt-in, there is a distinction between spammy channels and verified ones.
Mary | Satoshi Club: So, users can control this by subscribing and unsubscribing 🙂
Richa | EPNS 📨 | won’t DM first: Yes, the user is in control 💪
Mary | Satoshi Club: Did you already notice spammers on your services? Or they didn’t try?
Richa | EPNS 📨 | won’t DM first: Lol, they are definitely trying more on staging for now 😉
Mary | Satoshi Club: They also in beta 😂
Richa | EPNS 📨 | won’t DM first: 😅
Mary | Satoshi Club: Thank you! I am sure you won’t give them any chances 👍
Mary | Satoshi Club: Ready for the next question?
Richa | EPNS 📨 | won’t DM first: Yes, please.
D. | Satoshi Club: Q3 from Telegram user @AmirJosh Device token is a unique key for the app-device combination which is issued by the Apple or Google push notification gateways. Can you please explain further what is Device Tokens importance and functions needed to be able to make it compatible or work efficiently with EPNS App?
Harsh | EPNS: Seems like someone really is into push! The Apple (and google) push notification gateway also works on the concept of a middleware handling all the notifications from every app and ensuring that the user has opted in for it. In apple’s case, it’s called APNs (Apple Push Notification Service) which is why we choose EPNS (Ethereum Push Notification Service).
To answer this in TLDR → For Receiving Decentralized Notifications: Each platform has its rules in engaging push notifications. The way EPNS works is that it standardizes the communication layer and the payload emitted out (whether encrypted or plain) which is then read by our infrastructure (or other infra) nodes who can then compose the notification payload out and push it out to the app (essentially decentralized to centralized carrier delivery).
While we are planning for the nodes will be p2p in the future and will allow wss connections, the receiving part for specific apps logic is left onto them. For us or anyone who wants to push them out to iOS or Android (for example our app or other third-party apps who wants in) will need to enter their creds in the node which is not shared and need to have our SDK in their app. The SDK essentially will be responsible for connecting device tokens to wallet addresses and the rest of the thing is already taken care of by our protocol!
Mary | Satoshi Club: Great system!
D. | Satoshi Club: Will you use your own token in this system? If so, when and how people can obtain it?☺️
Harsh | EPNS: Yes, we do have our governance token $PUSH that will enable users to govern the protocol, handle game theory between all our participants, and… 🥁🥁have reward/pool sharing built into it so every player wins!!
We will also have liquidity/usage mining that will reward participants among several other use cases.
They are incoming and not yet out… we will have an announcement on it pretty soon 😊
D. | Satoshi Club: great! 👍 we will be waiting for an announcement then 😉
Richa | EPNS 📨 | won’t DM first: 🤝
Mary | Satoshi Club: Cool, stay tuned Satoshiclubbers 🚀
Mary | Satoshi Club: Ready to proceed?😀
Richa | EPNS 📨 | won’t DM first: Yes, please.
D. | Satoshi Club: Thank you for the great answers!
D. | Satoshi Club: Q4 from Telegram user @K2ice If am right, the current focus of EPNS now is sending notifications directly to user wallets. Are there plans to include Telegram, Twitter, and other platforms in the nearest future?
Richa | EPNS 📨 | won’t DM first: You are 100% right! This is where EPNS is really flexible, we are platform agnostic so in the future, we can deliver notifs to telegram, Twitter, or to any other platform as well!
Mary | Satoshi Club: Do you see user’s demand in this?😀
Richa | EPNS 📨 | won’t DM first: We do see some users wanting it, but most want it pseudonym, exactly like their wallet address without any identity connection..like the rest of the Web3 which is why we are first focusing on wallet addresses.
Mary | Satoshi Club: Oh, understand 😂
Mary | Satoshi Club: Btw, which notification services do you see as your competitors?
Harsh | EPNS: We are the first one to do this so no direct competitors ;). Some indirect ones do it differently in which they monitor a few smart contract and events and ask users to log in to their centralized platforms and create hooks which in essence only adds to the problem as a) they pick and choose smart contracts and b) how can the user be expected of keeping track of all notifs (imagine if every time you installed Telegram, you had to go somewhere, register and add hooks to receive emails), now try it with 50+ services. While these indirect competitors have created awesome tech, we feel that the middleware which we are creating in essence enables this to be done smoother and see them as our future partners 🙂
Mary | Satoshi Club: Yes, you’re right! Better become partners😉
Mary | Satoshi Club: Ready to jump to the next question?
Richa | EPNS 📨 | won’t DM first: Yes.
D. | Satoshi Club: 🚀🚀🚀
D. | Satoshi Club: Q5 from Telegram user @Antoni_azx There’s a medium article called “Building the cities of the future with EPNS”, It’s about a fictional city and its citizens that interact with various processes and gives an idea of how EPNS could eventually impact our lives, will this all stay fictional? How are you planning to get these features in real life?
Richa | EPNS 📨 | won’t DM first: Thanks for going through the post! Hope you loved the vision! Any tech which we use at the moment was fictional at one point in time ;). Jetsons and facetime, anyone?
We imagine facetime to become decentralized, DeFi to have mass adoption, Governance of projects done by several users, gaming characters to be truly unique, your mails, and data staying with you among countless other things.
All of this requires communication and services to come to users when their attention is required. Like how TG is sending us notifications of users joining our channels from your awesome Satoshi Club which is of importance to us :). This experience of Web2.0 is needed to enable adoption for Web3.0.
For example, when you take a loan from a bank before it’s liquidated, you are sent several alerts from your bank. The same or any type of alert is not present in Web3.0 and it creates blockers for innovation that we see to be 10x better than web2 yet still have user engagement and experience issues.
All of this led us to research and create a protocol that is infinitely extensible to not only handle notifs that are text but can also handle any type of payload (which in essence is what APNs do as well). This enables us to send even right now notifs that can carry CTA, Youtube Videos, Encrypted Transactions, or anything else that is imaginable.
In essence, we have already created that standard which is content independent (allowing usage for any service imaginable), storage independent (support IPFS, smart contract, and any other storage standard that comes out), supports encryption (to support chats, video calls, MFA, etc) and delivery independent (platform and in future blockchain agnostic).
Mary | Satoshi Club: What is your nearest goal now? And which goal is the most important?
D. | Satoshi Club: You are building a very useful service in people’s lives, to be honest😄👍
Mary | Satoshi Club: Oh, I see😂 do you already started with audit?
Mary | Satoshi Club: Golden words 👏
Richa | EPNS 📨 | won’t DM first: 💖
Harsh | EPNS: We are talking with various firms and trying to see which one works best!
Mary | Satoshi Club: 👍
D. | Satoshi Club: Nice approach! thank you for answers! ready for the last question from part 1?
Richa | EPNS 📨 | won’t DM first: Sure!
D. | Satoshi Club: Q6 from Telegram user @Indomiekuy I read your telegram that EPNS already has a partnership with Aave and Matic Network, as I know Matic is a layer2 scaling solution and Aave is Defi protocol focus for deposit and borrowing. What is the result of EPNS with Aave and Matic from work together? Do you have a plan for other partnerships in the future?
Richa | EPNS 📨 | won’t DM first: Thanks for going through them! Both of them are extremely important to us. Fun fact: When we first started building PoC, Stani was the one who told us we would love to personally use this service and when Stani says that he would want something, you have to go and build it out ;).
AAVE is used by us to generate interest and of course, we love them a ton! Matic is our goto solution for L2, both for making sure, notifs are delivered faster, become cheaper for services, and also to scale the solution to match web2 standards!
We are always on the lookout for great partnerships and synergies! Heavy believers of win-win game theory 😊
Mary | Satoshi Club: Yes, Matic is becoming one of the leaders of l2 solutions!
Mary | Satoshi Club: Will we hear about some new partnerships soon?😉
D. | Satoshi Club: Maybe you can give us some hints already? 😄
Harsh | EPNS: We are told by our advisors to be 🤫 about this! but many more coming soon!
D. | Satoshi Club: Got it 😁😉
Mary | Satoshi Club: Ohhhh😂 those advisors😂
Mary | Satoshi Club: But I understand.
Mary | Satoshi Club: We will wait for news from EPNS!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Pro Trader
Do you have any plans to earn money from ads?
Richa | EPNS 📨 | won’t DM first: That’s a really cool use case, and yes we will be exploring the possibilities, and yes we have something in the future pipeline but which would again be user opt-in.
Q2 from Telegram user @Memo
I understand that EPNS is only responsible for sending the notification, no matter what its content is, but is this really not dangerous for you? In case they are inappropriate content, could you not be accused or prosecuted for being an accomplice publishing it?
Harsh | EPNS: Yes, we thought about this a ton! Innovation often can be misused and in the end, we tried to tackle this by ensuring governance takes care of removing the channel if it used for a nefarious purpose. Also, open to awesome ideas as this is ever-growing and evolving protocol.
Q3 from Telegram user @Luis ⛔️ Only services can decide what to communicate to their users. Are these services exclusively focused on user preferences, or can any non-wanted service be spammed all the same?
Harsh | EPNS: User preference is a future feature which ensures that user even can conditionalize it from there end. if a service spams after a while then spam throttle index of protocol will ensure that they are penalized by throlling notifications via a quadratic formula.
Q4 from Telegram user @Jade
✅ EPNS says that is the missing piece that needs the WEB3, so apart of its desktop version, EPNS can be integrated to wallets like Metamask or Trustwallet?
Harsh | EPNS: Yes! That’s exactly what our vision is. To have any wallets give you the notifs you opted in for!
Q5 from Telegram user @o0s$a4l
I have not seen $PUSH listed on any exchange or had a pre-sale, in what form will it launch its token?
Harsh | EPNS: We will be releasing awesome details soon! But yes, we are going to launch with public sale, loads of gratitude and with some really awesome perks that we will announe soon!
Important: Please beware of scams. The token contract address will only be published in the official EPNS Telegram https://t.me/epnsproject group and other official channels. When in doubt, please reach out to us on telegram or through other official means on the https://epns.io/.
Q6 from Telegram user @Dr Araceley
I’m a creative developer who loves working on cool tech, and would love to work with EPNS, how do I reach out?
Richa | EPNS 📨 | won’t DM first: Thank you for being so awesome and willing to contribute to EPNS. Please join us on telegram https://t.me/epnsproject or if you want to deep dive into tech join our discord https://discord.gg/UUdjemmQbc
Q7from Telegram user @Femi Oyinloye
During the start up of your project, what are the technical difficulties you faced and how did you overcome them?
Harsh | EPNS: Any start up will have several things that will require attention and honestly, we are grateful that the awesome Ethereum community handled it for us. We recommend askign for help whenever you start something, you can’t do everything yourself but you have so many awesome people who would love to help, guide and grow you if you just ask. Once we started doing this, these tech difficulties went away!
Q8 from Telegram user @Robocop
After learning about EPNS project, in my opinion, there will be many people who won’t become part of EPNS network and community, how could we as a community get involved? Do you have any bounty or maybe airdrop program that ongoing for now?
Harsh | EPNS: Awesome! We wouldn’t want it any other way! We love our community and to get involved, just start poking around, either in development, marketing or anything in between. We love suggestions on any and everything and honestly, some of the coolest features of the tech and some of the awesome campaigns are ideas our community told us!
We can’t share any plans about bounty or airdrop except that we are grateful to our community support and this won’t just remain on paper 😉
Q9 from Telegram user @Jesus Freites
EPNS uses a loan to AAVE to generate interest that is distributed among the subscribers of the service. Percentage-wise, how high is this interest? Are there other incentive protocols that you will employ to entice more users to use EPNS PUSH notifications?
Harsh | EPNS: Since generated interest as well as the stake of channel defines incentives (and opens up possibility of incentivized promotion for them), it becomes tricky to answer it. The user passive income depends on what channels they have subscribed and what those channels have offered. Pro tip: this is a passive income so subscribe to notifications you want which will make the experience of Web3 better :).
We will be having other incentive protocols in the future and there is going to be rewarded for active user participation as well 🎉 Stay tuned for a very detailed reward of EPNS guide which will come out very soon!
Q10 from Telegram user @Roger Grass
Can EPNS be in the BSC or Tron network rather than eth where the gas fee is getting higher?
Richa | EPNS 📨 | won’t DM first: Sure! While we have Ethereum in the name, we actually are blockchain agnostic! It’s just that we would want to tackle the problem of DeFi first hence EPNS and why we are on Ethereum first! That, and besides the awesome support we have gotten from the community means that we have to solve this for them first and then get it to others 🙂
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:
Savix is a perfect DeFi collateral –
One Token, 3 passive income streams.
Welcome to another episode of our AMA
series. Today we are glad to tell you about the AMA session with our friends
from Savix. The
AMA took place on January 27 and our guest was Anatol
Galkina.
The total reward pool was 500$ and was
divided into three parts. In this AMA Recap we will try to summarize some of
the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS
Gold Rocket | Satoshi
Club: Hello, dear Satoshi Clubbers! We are pleased to announce our AMA with
Savix. Today our guests are @mcopper and @Anatol93.
Anatol Galkina: Hi
satoshi club!
Michael Copper |
Savix.Org: Hey there! thanks for having us.
D. | Satoshi Club: Let’s
begin with intro! please introduce yourselves and Savix. 😇
Anatol Galkina: My
name is Anatol. I have been in crypto since 2012. I have a Master in
Mathematics and Physics. Since 2001 i am working in my own software company.
Within Savix i am a solidity coder, mainly responsible for the development of
the staking algorithm.
Savix is a self-staking mechanism embedded into the ERC20
protocol. One of the main features is a gas-free reward distribution. We were
wondering if it could be possible to stake and invest a token at the same time,
that’s why we created Savix. The gas-free feature is kind of a side effect
really.
D. | Satoshi Club: So
it’s an experimental project?
Anatol Galkina: In
a way that nobody did it before yes. But we took a lot of effort into developing
the perfect algorithm and we did simulations extensively. You can find our
simulation code in github, also our test code for basic contract audit. Shall i
explain some fundamentals about protocol embedded staking now?
The magic: token balances are kept as a percentage of the
total supply internally, not as absolute numbers. This way we can adjust the
total supply following a mathematical algorithm without the need of transfers.
Once we output for example “getBalance” function,
we turn this percentage into a absolute number all this can be seen again on
github in our savix.sol source code, a separate contract is responsible for the
calculations separate library to be exact.
Q1 from Telegram
Username @ovkneze_big
You decided to do
pre-sale on Savix platform. How safe it is? I am usually very careful when
connecting my Metamask to different sites. If i am afraid to connect it can i
choose another way to purchase $SVX tokens?
Anatol Galkina: You
can purchase directly with any wallet by sending ETH directly to our presale
contract. you can find instruction on our dapp page:
https://savix.org/presale/dapp. Our DApp is only for user convenience.
D. | Satoshi Club: And
when i can get Savix tokens? right after presale will be finished?
Anatol Galkina: No
you get them immediately. but they are transfer locked until the presale ends.
you can’t move them.
Gold Rocket | Satoshi
Club: What goals and objectives do you set for yourself during the
pre-sale?
Anatol Galkina: To
have a fair distribution and collect enough funds to further develop our
ecosystem and create a healthy uniswap pool.
D. | Satoshi Club: Wow,
more than enough time. usually project trying to finish sale asap.
Anatol Galkina: Yeah
we are developers focusing on the product. actually we have a lack of marketing
knowledge. we discussed a lot internally if we should have aimed for a shorter
one to create more fomo. Our goal was mainly to create a good product and that
we deliver.
Q2 from Telegram
Username @Highpee
One of the attribute
of Savix is that scarce, fair, Trustworthy and transparent. However, I
discovered that the team is anonymous. Can we trust an anonymous team to be
operate Savix in a transparent manner? Also, from your FAQ, you answered the
question of audit by assuring that the Savix contract has passed an “internal
audit” and you can guarantee investors safety from any form of contract
misbehaviour. Don’t you think it will be more transparent to employ an external
audit to ascertain the risk level of your contract in order to be fair,
transparent and boost investors confidence and trust in your project?
Anatol Galkina: We
are thinking about an external audit if we collect enough funds. About the
anonymity.
For now our team stays anonymous, because we cannot
sufficiently assess the legal situation concerning token sales at the moment.
Rules about token sales differ for different countries and are changing
steadily. Recently British authorities have forbidden any business related to
cryptocurrencies, for example. And even though we sought legal advice and
defined our sales terms accordingly we cannot be sure to have met all
requirements for all participants and that everybody is correctly respecting
the local laws he or she has to follow.
Currently especially the assessment whether a token is
considered to be a so-called security or not can make a huge difference for the
issuer of a token with significant personal consequences, as soon as we receive
the green light from our legal advisers we will decide about revealing our
identities to the public again. This is not a situation we are happy with. And
we try to compensate for our anonymity by putting a special focus on
transparency and trust building.
D. | Satoshi Club: Why
did you decide to conduct token sale before external contract audit? maybe your
contract has some critical issues?
Anatol Galkina: funds!
we developed the project in our free time. Our internal audit follows the same
rules as external audits do you can find details in our audit paper (link
follows in a sec).
Gold Rocket | Satoshi
Club: By the way, how big is your team? How many people? Do you have an
office or do you work remotely, as many do during COVID?
We have 4 people working on the project, part remotely, but
we also meet up because 3 of us are real life friends.
Q3 from Telegram
Username @apocan99
You are introducing a
new staking model called Protocol Embedded Staking (PES). How does “embedded staking”
work? What are the advantages compared to regular staking? Your token is ERC-20
a known and widely used one, then what is different in your system that helped
you create this PES model?
Anatol Galkina: We
can paste a picture for this one, hold a sec.
D. | Satoshi Club: As
a completely new crypto user, which unfamiliar with things like Uniswap, what
kind of benefits i can get from your project? will it be easy for me to use all
features? or your project more for mature crypto users?
Anatol Galkina: You
just buy and hold it, each time you open your wallet your balance will increase.
Does it get any easier?
More experienced users can then take the token and put it
into other defi projects simultaneously, like uniswap, or our upcoming
“trinary” DApp.
Q4 from Telegram
Username @meml97
Could you explain a
little better how Savix can produce 3 passive income streams with Trinary? Will
this Trinary Service be some sort of exclusive service for investors or like a
membership, or can anyone have access to it? When will it go live?
Anatol Galkina: Anyone
with savix can access it, we have a quick infograph to explain the bit more
complex usage, sec.
🔹 Uniswap Rewards
There is a 0.3% fee for swapping tokens on Uniswap. This fee
is split by liquidity providers proportional to their contribution to liquidity
reserves. It is functioning as a payout to all liquidity providers proportional
to their share of the pool.
🔹Staking rewards
In addition, you will earn Savix staking rewards from the
embedded staking protocol while your tokens get used as liquidity.
🔹 Trinary rewards
Whenever liquidity is deposited into a uniswap pool, special
tokens known as liquidity tokens are minted to the provider’s address, in
proportion to how much liquidity they contributed to the pool. These tokens are
a representation of a liquidity provider’s contribution to a pool. With Savix
“Trinary” it is possible to deposit savix liquidity tokens for up to
6 months to receive yet another reward layer: ETH from our ecosystem pool. We
expect a return of 7% to 15% of your initial investment directly paid in ETH
over the first 6 months.
Q5 from Telegram
Username @borysfireball
‘Savix features
gas-free staking embedded into the ERC-20 protocol. Very easy to use, holders
receive staking rewards directly to their wallet without the need of any
interaction. ‘It sounds very attractive, but, as far as I know, there is no way
to move tokens on the ETH network for free today. So, at whose expense is this
banquet? Please explain how this function works in details, because very often
it turns out that free cheese is just in a mousetrap.
Anatol Galkina: We
answered this in the introduction. we simply do not move the tokens but adjust
the fragments (percentage) a user holds of the total supply, we can adjust the
holdings of all holders at once. But to be fair, the transfer fee of moving svx
tokens within the network will be higher than for ordinary tokens because those
transfers trigger our calculations. but this could also be the incentive not to
move the tokens without absolute need, the principle of fragmented
(percentages) of user balances gets also used in projects like ampleforth.
D. | Satoshi Club: In
rebase projects?
Anatol Galkina: Yes
like in rebase project. but instead of a rebase, we calculate a staking
algorithm.
Gold Rocket | Satoshi
Club: Please tell me, is it true that your protocol is compatible with any
defi project? How it works?
Anatol Galkina: Because
we 100% follow the erc-20 standard protocol, we do not mint/burn/tax on
transfers, so we also dont introduce artificial slippage in projects like
uniswap.
Q6 from Telegram
Username @konditer_rolex
The project team
decided to remain anonymous in order to avoid possible problems with the
regulatory authorities. This can be understood, now the SEC, having tasted
Ripple’s blood, will look for any reason for legal action. For this reason, I
do not understand why you are abandoning the DAO. When project management is in
the hands of the community, it’s harder to find to whose address the bailiffs
should be sent. To summarize the question: Why did you abandon the DAO
management form, thereby questioning one of the pillars on which the cryptocurrency
rests – decentralization.
Anatol Galkina: No
we do not plan any governance to avoid that Savix will be classified a security
token. At least in the USA the feature of governance alone most likely leads to
the SEC classifying a token as security. And this has many consequences a small
team like our simply could neither handle nor financially afford. We want to
classify our token as a pure currency what makes it decentralized is a pure
contract. We do not have any oracles any contract using oracles, is not truly
decentralized, because oracles are a key point of possible manipulation or
failure.
PART 2, TELEGRAM COMMUNITY LIVE
QUESTIONS
The
chat was open for 120 seconds; a lot of questions were posted by Satoshi Club
community. Our guests chose some of them.
Q1 from Telegram User @KASG95
I have really been
scammed in many projects that claimed to be profitable and that generated more
than 2% of daily rewards, being so, how to know that Savix will not be a scam?
Or will it really not keep my capital locked in stakeout? And can I withdraw it
whenever I want?
Anatol Galkina: We
only reward 2% in the early phase, our staking algorithm flattens out over time
to keep it sustainable. to get the perfect balance of rewards and the
capability of the market to compensate for the has been one of the biggest
challenges while developing our algorithm, that’s why we did so many
simulations. You do not need to cash out, rewards automatically appear in your
wallet. 😉
Q2 from Telegram User @curiosoAMA
You comment that all Savix balances
will grow up to 3 times the initial investment for the first 5 years,
Wonderful!!!, but after those 5 years what will happen?
Anatol Galkina: After
5 years the interest rate per year will be a stable 3-4%.
Do you have any private sale or
whitelist for us to sign in?
Anatol Galkina: No
private sale, no whitelisting.
Q6 from Telegram User @highpee
I like the third reward which is
trinary reward which reward users who provide liquidity by minting a special
liquidity token to them based on their liquidity proportion. However, you also
said Trinary reward can give investors a return of 7% to 15% of initial
liquidity investment directly paid in ETH over the first 6 months. Is the ETH
the Liquidity token rewarded to users or this another separate reward?
Anatol Galkina: The
initial 7% we take from the presale. After the first 6 months we will
“re-fill” trinary with the fees generated from our uniswap liquidity
pool.
Q7 from Telegram User @thoreasy
Why should investors trust your
project not to do the same While many projects rug pulled and exit scam
recently?
Anatol Galkina: You
can never be 100% safe from a rug-pull. they come in many different forms. even
a huge project with tens of millions can “rug-pull” by just not
delivering in time or at all. you always have to do your own research and trust
your instincts.
Q8 from Telegram User @KhaleesiTheCryptoLady
What are the assurance that you will not get rug pulled? Can you list 3 major reasons why should we invest and participate in Savix presale?
1. code is deployed, visible and verified on etherscan.
2. all our testing is verifiable on github.
3. our contract is free of any external way to manipulate it (single contract deployment), no oracles and the like.
Q9 from Telegram User @KevSalom
This is really the first time I’ve
heard of a token with this embedded staking mechanics. Was this all designed by
you? If so, have you tested it enough to say for sure it is the perfect DeFi
guarantee?
Anatol Galkina: We
took some basic principles from rebase systems, but the predictable embedded
staking mechanic is fully developed by us. we are the first token of that type.
Q10 from Telegram User @BlancaSdF
Why have you decided to incentivize
Uniswap poolers and how does this benefit the project, how to start?
Anatol Galkina: Locked
savix liquidity tokens will take those SVX from the market for a period of
time. this creates a price stabilizing effect which we reward…
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about Savix. A link to a Quiz
form was sent into the chat. Participants had 10 minutes to answer. 300$ were
distributed between the winners.
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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 Mettalex and our guest was Vlad Dramaliev the Marketing Head at Mettalex. The AMA took place on 29 January.
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 Mettalex! Welcome
to Satoshi Club😀
Vlad | Mettalex:
Mettalex is a commodity derivatives DEX that launches next month on both
Ethereum and Binance Smart Chain
Gold Rocket | Satoshi Club:
Welcome to Satoshi Club, @galt42.
Vlad | Mettalex:
Happy to be here!
Mary | Satoshi Club:
Hello! Vlad! Welcome to Satoshi Club 🚀
Gold Rocket | Satoshi Club:Thanks
for joining😊
Mary | Satoshi Club:
Let’s start our AMA! We are all excited about it!
Vlad | Mettalex:
You have a great community here, I am thrilled to address any questions that
they may have.
Gold Rocket | Satoshi Club:
We are glad to have you in Satoshi Club!
Mary | Satoshi Club: So,
please, introduce yourself and tell us more about Mettalex 😀
Vlad | Mettalex:
Perfect.
My name is Vlad Dramaliev and I am the Marketing Head
at Mettalex.
I joined Mettalex because I believe that all
real-world financial assets will enter DeFi
Mary | Satoshi Club:
Your department doing a great job👍
Vlad | Mettalex:
And Mettalex is doing that for commodities.
Gold Rocket | Satoshi Club: This
is true!
Vlad | Mettalex:
I think that what we are seeing today, makes the case for Mettalex eveen
stronger
Gold Rocket | Satoshi Club: Mass
adoption in action!😉
Vlad | Mettalex:
Users are looking into censorship-resistant alternatives where they can trade
Mary | Satoshi Club: Yes,
crazy days😂
and for sure this all makes play on your side)
Yes, that Gamestop story🤦
Vlad | Mettalex:
And they are learning about DeFi
We are witnessing a massive, free marketing campaign
about DeFi. Mettalex really can’t be launching at a better time
Mary | Satoshi Club:
Perfect time for marketing, you can even relax a bit😂
Vlad | Mettalex:
Mettalex will be the only place in DeFi where users can trade iron ore, gas,
lithium carbonate, copper, steel, and a number of other assets
and we are also planning to launch spreads like
btc/gold
ETH/GOLD, BTC/ETH
anyone with a MetaMask wallet will be able to
short/long these with leverage
Gold Rocket | Satoshi Club:
You have great plans and goals!👍
Vlad | Mettalex:
The commodities market is over $20T
we intend to bring that on-chain
Mary | Satoshi Club: Yes,
this market can grow huge
Vlad | Mettalex:
It will grow huge, it is inevitable 😉
And we want to be the agents of that growth when it
comes to commodities
We are serving three types of users
1. Liquidity providers – they can provide liquidity in
stablecoins (currently USDT only, but more soon) and get trading fees and MTLX
tokens
87.5% of all MTLX tokens will go to liquidity
providers
that’s unique in the crypto space
Mary | Satoshi Club:
Fair distribution!)
Vlad | Mettalex:
This is a continuous yield farming program, similar to bitcoin mining
Mary | Satoshi Club:👍
Vlad | Mettalex:
You provide utility to Mettalex (liquidity), you are rewarded with MTLX tokens.
Gold Rocket | Satoshi Club: Great!👍 Sounds very good!
Vlad | Mettalex:
no large investors, no large team “pre-mine”
2. Physical commodity holders – Small and medium size
enterprises will be able to use Mettalex as a hedging tool
Currently they need to go through brokers and pay for
large spreads. We make it cost and capital efficient
3. DeFi traders and speculators – They get access to
new markets, currently unavailable in DeFi
Gold Rocket | Satoshi Club: this
is especially interesting 😉
Vlad | Mettalex:
Another important feature of Mettalex is the ability to create the markets you
need. Any users can create a market, as long as they have access to secure
real-world data (oracle)
Mary | Satoshi Club:
$GME?😂
Vlad | Mettalex:
and we are launching AI-based customizable oracles througgh Fetch.ai, Mettalex
“mother company”
As long as there is an oracle for it – it can be
launched on Mettalex
So we are aligning the incentives of all these users –
DeFi-style
The users who have MTLX, can use it in the governance
of Mettalex
Mary | Satoshi Club:
Awesome 👍
Is it already working?
Vlad | Mettalex:
Currently, there are few ways to get MTLX – one is in Uniswap (MTLX:ETH and
MTLX:USDT) or, and this is even better, farm!
Mary | Satoshi Club:
Where? On your own platform?
Vlad | Mettalex:
We have a running yield farming program – Mettalex Amplify – that offers
farmers over 275% APY
Vlad | Mettalex:
and that’s long terms, we are not talking about hours, days or weeks here
amplify.mettalex.com
Mary | Satoshi Club:
Satoshiclubbers 🚀🚀🚀
Vlad | Mettalex: Anyone
interested can learn more here:
Vlad | Mettalex: We
are collaborating with a number of academic institutions including Cambridge
and Oxford
Mary | Satoshi Club:
Super👍 Team is public,
right?
Vlad | Mettalex: yes,
but you need to go to Fetch.ai to get more info
Mary | Satoshi Club:
We can😉
Vlad | Mettalex:
Mettalex Founder is the CEO of both Fetch.ai and Mettalex
He has 10+ experience in the commodities markets and
is super tech-savvy
Gold Rocket | Satoshi Club:
Great background!👏👏👏
Mary | Satoshi Club: Humayun
Sheikh?
Vlad | Mettalex:
A founding investor in the AI project DeepMind that was bought by Google for
$500m
Yes
Mary | Satoshi Club:
I see, incredible experience 👍
Gold Rocket | Satoshi Club:
Thank you very much for the great intro! Ready for community questions? Or do
you want to add something else?
Vlad | Mettalex: Very
experienced founder, and I have worked with a number in the crypto space
We try to keep the exciting news flowing. We had
something in stock for this week. It’s what the community has been asking us to
do for a while. The tests we were performing took a little longer than
expected, so we will have to push it to early next week. We will make up for it
though. We have so much news coming! 😉
Vlad | Mettalex: Let’s
jump into the questions
Gold Rocket | Satoshi Club:
We are looking forward to updates!👍🚀
Mary | Satoshi Club:
And don’t forget to share this news with us😉
Vlad | Mettalex: Will
do 100%
Q1 from Telegram user @Indomiekuy
After 1st batch MTLX staking ( by uniswap
liquidity pool token) by Amplify, is it possible to add again LP token using
same wallet metamask to stake pool? Or I must use different wallet metamask for
the 2nd stake? Do you have any link guide about this?
Vlad | Mettalex:
You can add as much liquidity as you want from the same wallet. No need to
change it.
We have a detailed on how to farm MTLX here:
https://medium.com/mettalex/announcing-mettalex-amplify-a-high-yield-farming-program-90fb1f5094c8
And we have more than 900k MTLX tokens to give away in
this first yield farming program
it will be running for months
at 275% APY 😉
Mary | Satoshi Club:
Very nice numbers 👍
Vlad | Mettalex: thanks
with the launch of the Mettalex DEX we will open more
pools
Mary | Satoshi Club:
Can you tell when it will finish?
Sure👍
Vlad | Mettalex:
When the MTLX reserve runs out, but we may extend it
Also we have this competition with SatoshiClub running
Mary | Satoshi Club: Got
it😀
Vlad | Mettalex:
All Mettalex DEX markets will be USDT yield farming pools 🙂
Mary | Satoshi Club:
Btw🚀🚀🚀
Satoshi Club, very good opportunity for profit!
Vlad | Mettalex:
USDT for now, BUSD, USDC, DAI are coming
Mary | Satoshi Club:
Wow!
Vlad | Mettalex:
And we are great at managing risk. You have a look here:
https://medium.com/mettalex/mettalex-autonomous-market-maker-mathematics-f28470d188d6
Mary | Satoshi Club:
Haha, i saw this article, but i need to refresh my math😂
Gold Rocket | Satoshi Club:
This is very far-sighted!
Mary | Satoshi Club:
Thanks for your answers! Do you want to add something or we can go to the next
question?
Vlad | Mettalex:
We call our Market Makers Autonomous, since they are more advanced than
Automatic Market Makers
Next question 🙂
Mary | Satoshi Club:
But they still AMM😉
(words play)
Vlad | Mettalex:
“their AMM strong” 😀
very strong
Gold Rocket | Satoshi Club:
👍thanks for the
answer🚀
Vlad | Mettalex:
We have an amazing CTO
Mary | Satoshi Club:
He is also from fetch.ai?
Gold Rocket | Satoshi Club:
I’m sure your whole team is unique!👍
Vlad | Mettalex: We
are all part of the Fetch.ai team, but some of us are 100% focused on Mettalex
but everyone from Fetch helps
and both project help eachother
Mary | Satoshi Club:
Like a big family 😀
Vlad | Mettalex:
exactly
Gold Rocket | Satoshi Club :
so next question!🚀
Q2 from Telegram user @Korryl
How is $MTLX will be used in the future?
Can you tell us about Mettalex team plan to increasing the token demand?
Vlad | Mettalex : We
believe that demand will come from the 3 groups of users that I mentioned –
LPs, traders, and physical commodity holders
We are constantly coming up with improvements
And our token economics are very solid, you can learn more here:
We believe more and more users will join the DeFi
space
and they will find Mettalex, where they can get
exposure to various “exotic” markets that can’t be accessed anywhere
else
and we also plan to create completely new markets –
like data compute
Mary | Satoshi Club: Can
you also tell us more about Mettalex stakeholders and partners?😀
We recently announced a cooperation with Torus, who
offer a one-click solution to create an ETH wallet and credit it with USDT via
credit/debit card or Apple Pay
Vlad | Mettalex:
Yes, Chainlink does not provide all the oracles that we need, the commodities
ones specifically
Gold Rocket | Satoshi Club:
smart tactical move!👍
Vlad | Mettalex: And
we are build those ourselves using Fetch.ai smart agent technology. Here is
cool infographic which I am sharing for the first time (EXCLUSIVE)
Mary | Satoshi Club:
Yes!yes!yes!
Gold Rocket | Satoshi Club:
Satoshi Club loves exclusives! 😁
Vlad | Mettalex
A larger one 😉
Mary | Satoshi Club:
It looks really amazing! I like that they’re autonomous 😉
Vlad | Mettalex:
We haven’t shared this one anywhere yet. 100% Exclusive for you guys.
Agents are AI based
Mary | Satoshi Club:
We appreciate this 😍
Gold Rocket | Satoshi Club: Thank
you for sharing😊
Vlad | Mettalex:
You are very welcome!
We also have a number of other partnerships coming up
but those are in the works
Gold Rocket | Satoshi Club:
And you are very interesting in your story👍
Mary | Satoshi Club:
Any hints?😉
Vlad | Mettalex:
haha, well they bring the DeFi world and real-world together, that’s all that I
can say for now
Mary | Satoshi Club:
Ok, it’s a food for thoughts 😂
Vlad | Mettalex, : 😉
Mary | Satoshi Club:
Thanks! Ready to proceed?)
Vlad | Mettalex:
absolutely
Q3 from Telegram user @AmirJosh
How many percent of the commodities or
physical assets value will be tokenized and how can Mettalex platform ensure
that the assets are really existing?
Vlad | Mettalex: Ok,
so this one is related to a common misconception about Mettalex.
Mettalex is not “tokenizing” commodities
it enables commodity derivatives trading
so we are not storing/securing commodities in the real
world
we are providing users with price-exposure to
commodity prices via real-world data feeds (oracles)
Mary | Satoshi Club:
really, this question is always confusing 😂
Vlad | Mettalex:
Perhaps it is worth explaining how Mettalex works
Mary | Satoshi Club:
Yes, please 👍
Gold Rocket | Satoshi Club:
it would be great!👍
Vlad | Mettalex:
We have two important features, apart from the AMM: 1. Banded Trading and 2.
Position tokens
Banded Trading refers to the following, let say the
price of BTC is $40k
The market on Mettalex will be created between 30 and
50k
and all trades are happening within that band
that enables leverage
and capital efficiency – you don’t have to buy the
full price of bitcoin
2. Users buy or sell “position tokens” –
those are ERC20 tokens that enable short or long exposure within the band
Mary | Satoshi Club: Gotcha
👍
Vlad | Mettalex:
depending on where the oracle-reported price is withoin the band, short and
long position tokens have specific prices
For example, if the oracle reported price for the BTC
market id 49k (close to the upper band)
it gets more expensive to buy long tokens, and very
cheap to buy short tokens
so if you buy a short token at 49k, and the price of
BTC goes to 30k (the lower band) you win big
very big
it is similar to a binary option
Mary | Satoshi Club: It
will mean that i bought the deep😂 in simple words)
Very simple)
Vlad | Mettalex:
you won with let’s say 24x leverage
Mary | Satoshi Club:
But i will buy that tokens and price will go up again?😀
Vlad | Mettalex:
can’t calculate the exact number though
then you lose only the price of the short position
tokens, and that’s not high
much lower than the price of the long, times lower
banded trading creates a great asymmetric risk
opportunity
Mary | Satoshi Club:
Thanks! I definitely need to try this!
Vlad | Mettalex:
and one other important feature is that all positions remain open until the
band is breached (by the oracle reported price)
not like options which are limited in time
and having in mind that commodities are generally much
less volatile than crypto, hedgers will find Mettalex much more useful than
options
Mary
| Satoshi Club: Yes, this is attractive😉
Vlad | Mettalex:
A position on Mettalex can stay open for months perhaps years (depending on how
wide the band is)
very cool stuff
Mary
| Satoshi Club: Yes, until Reddit come there😂
Vlad | Mettalex:
very, very
haha, ahh yes
Gold Rocket | Satoshi Club:
👏👏👏
Vlad
| Mettalex: once the band is breached – one of the tokens gets
all the liquidity, the other becomes worthless
and a new market is launched with a new band
everything happens automatically
so you if you are on the winning side, you are
guaranteed to be “in the money”
Mary
| Satoshi Club: Sure, that those who learned this math
can earn a lot😉
Vlad
| Mettalex: not like options, where if you forget to use it, you
lose it
asymmetric opportunities are the best ones in finance
Gold Rocket | Satoshi Club:
I totally agree
Vlad
| Mettalex: and Mettalex will have lot’s of those
Mary
| Satoshi Club: Did someone ever forget to use?😂
Vlad
| Mettalex: and you only lose the position tokens you bought for
that specific market, not everything that’s in your wallet
unlike, some futures markets out there
so you always know how much you can lose and how much
you can win
Mary
| Satoshi Club:Thank you, Vlad! Really informative
answers!
Vlad
| Mettalex: thousands of people actually
Mary
| Satoshi Club: Oops🤦
Vlad
| Mettalex: I hope they were useful
It’s a big problem
but now many are solving it with automatic settlement,
similar to Mettalex’s approach
Any last questions?
Mary
| Satoshi Club:They need of vitamins for for memory or
Mettalex for profits😉
Let’s go to the next question 🚀
Q4 from Telegram user @konditer_rolex
I saw the news about the integration of
the Torus wallet. I admit I have never used it, but I am confused by any
browser extension. Tell us about the security system on the exchange. What
other wallets do you plan to integrate? And why not create your own?
Vlad
| Mettalex: Ok, so Torus wallet enables users to log in (basically
create an ETH wallet) with a Facebook, Google, Reddit, Discord, or a number of
other standard accounts
The user doesn’t have to write down any words (seed)
and they can restore their wallet at any time with the same account they used
to create it (let’s say facebook)
The users can also add a 2FA for security so if their
social media account get’s compromised, their wallet doesn’t
Mary
| Satoshi Club: It has two sides😂
Vlad
| Mettalex: Apart from Torus, Mettalex also features MetaMask,
which is the most widely used DeFi wallet
They can also get the seed if they want
MetaMask is an absolute must for any DeFi project
Mary
| Satoshi Club: Oh, that’s great!
Vlad
| Mettalex: And the good thing is that it also can be used in
Binance Smart Chain
the user just needs to switch the MetaMask network to
BSC
Gold Rocket | Satoshi Club:
great features!👍
Vlad
| Mettalex: These two wallets will be available at launch in
February and we can ad more in the future
We don’t plan to create a wallet of our own for a
number of reasons
Gold Rocket | Satoshi Club:
To be honest, I already want to try it!
Vlad
| Mettalex: Security is major one
Mary
| Satoshi Club: And what about security audits?
Vlad
| Mettalex: We have several of those on our main token contract.
And we will go though audits for the Mettalex DEX on the two mainnets as well
Mary
| Satoshi Club: Several, this sounds great and safe!
Thanks, Vlad! Ready for the next question?
Vlad
| Mettalex: But as we have seen in the past, security audits
don’t mean much if your team is not proficient. And we have a world-class team!
Let’s do it
Gold Rocket | Satoshi Club:
Approximately when are you planning an audit?
Vlad
| Mettalex: Before launch in February
so in the next few weeks
Gold Rocket | Satoshi Club:
Thank you for sharing👍
Vlad
| Mettalex: Going back to the options expirations point ”
To date over $2m USD worth of options have expired in the money, representing a
total loss for the holders of those options.”
This is Hegic, who have implemented Fetch.ai
technology to prevent that
The characteristics of guarantees and
position tokens and more, will only be available for Dex exchange platforms? Or
are you planning to implement it in Cex in the future?
Vlad
| Mettalex : Great question
We believe that more traditional market participants,
like physical commodity holders, may prefer a centralized trading environment.
At least in terms of custody of the assets.
Gold Rocket | Satoshi Club:
Satoshi Clubbers are smart and educated guys ❤️
Vlad
| Mettalex: So we are also looking into ways on how to
accommodate those, which may mean that we will use decentralzied liquidity from
the DEX but also a centralized custodian
We are also looking into ways to enable user
verification
that are in line with the decentralization ethos
self sovereign identity solutions, for example
Mary
| Satoshi Club:Yes, it’s like old school 😂 but we have to
respect their choice 👍
Vlad
| Mettalex: like Yoti
exactly
apart from that
Mettalex technology, just like most other DeFi tech is
open-source
so anyone can use it or over-innovate
Mary
| Satoshi Club: Yoti and Fetch.ai became a partners
recently 😉
Vlad
| Mettalex: exactly 😉
Mary
| Satoshi Club: Sure, you will find a lot if solutions 🚀
Vlad
| Mettalex: I had a demo with them this week and their tech
looks really, really well
and they are exploring ways to get integrated into
MetaMask
so that will be ideal
Mary
| Satoshi Club: I think it’s only a matter of time 😀
Vlad
| Mettalex: I am generally super excited about 2021 for Mettalex
and Fetch.ai
Mary
| Satoshi Club: We as well🤩
Vlad
| Mettalex: yes, the great thing about it is that once you have
Yoti set up, then you can log-in anywhere where it is available
so if a user has set up Yoti on Synthetix, they can
log in, hassle-free, to Mettalex
Mary
| Satoshi Club: It’s impressive!
Vlad
| Mettalex: yes, it’s like a MetaMask, but for identitty
Mary
| Satoshi Club: Great tech!
Vlad
| Mettalex: Mettalex is all about great tech
internally and externally
that’s how you win
Mary
| Satoshi Club: For sure!!!
Gold Rocket | Satoshi Club:
🚀
Mary
| Satoshi Club: Thanks for answers! And are you ready
for the 6th and last question from this part?
Vlad
| Mettalex,
Ok, great
Q6 from Telegram user @Brainchest
Please tell us about the Early Access program.
What are the terms of participation. Should I be a trader with at least 2 or
more years of experience in trading, or should I have the ability to trade at
least $ 1000 or more? I also saw that community members are accepted. What are
the conditions for them and what do you expect to get from a close relationship
with them? Thanks.
Vlad | Mettalex: Great
The Early Access Program was dedicated to users who
want to have a sneak peak into the Mettalex DEX and provide us with feedback on
how to improve the UX/UI and even the backend
that was actually Phase 1 of the EAP, as we call it
EAP Phase 2 will involve trading competitions
and we are planning to announce the first one on Binance
Smart Chain
users will be able to trade on several unique markets
Mary | Satoshi Club:
Wow! It will be attractive 😉
Vlad | Mettalex:
and compete for the highest profit
we have more than 1000 MTLX tokens for that one
and then we will launch a second one on Ethereum
with possibly the same rules and rewards
No need to be a trader of 2+ years
We initially thought of running these competitions on
the testnets
Mary | Satoshi Club: We
will be waiting for this competition announcement!
Vlad | Mettalex:
but we may launch them on the mainnets, this hasn’t been finalized yet
Mary | Satoshi Club:
Thanks, Vlad for your answers! It was really very interesting conversation!
Vlad | Mettalex
: Sure, I hope they were useful
Mary | Satoshi Club:
But we have our members waiting for live part😉
Are you ready for it?
Vlad | Mettalex:
Ready.
Gold Rocket | Satoshi Club:
Vlad! you are an amazing conversationalist and a wonderful speaker!
Vlad | Mettalex:
I try 🙂
Part 2 — live questions from the Telegram community
Q1 from Telegram user @topind7
What edge do you have over your
competitors that will prompt people to choose you over other similar projects?
Vlad | Mettalex: Less
risk, perpetual LP rewards, and unique markets, to name a few.
Q2 from Telegram user @SutedjaDian
You are fully decentralized right?
Then how will you verify a user? Is it like a CEX?
@galt42
Vlad | Mettalex : MetaMask
only initially, Yoti or Yoti-like possibly in the future depending on the
regulatory environment.
Q3 from Telegram user @cryptoflower13
What is the relationship between FET tokens
and MTLX tokens, which one should I own to invest, or is it indistinct?
Vlad | Mettalex : FET
tokens are the fuel of the Fetch.ai network. FET token holders were the first
to receive MTLX by staking. They are distinct tokens, however.
Q4 from Telegram user @Xusuo
I saw that $MTLX is listing in
CoinTiger Exchange but I dont see the announcement from Mettalex team, can you
please give clarification about this?
Vlad | Mettalex : They
have listed Mettalex on their own accord.
Q5 from Telegram user @AugusS7
really why use position tokens
instead of conventional trading positions? Wouldn’t it be in the end, the same
capital that would be being used as collateral in the positions?
Vlad | Mettalex :
Capital efficiency – position tokens represent only a fraction of the spot
price of an asset
Q6 from Telegram user @amybrow
Is your dex audited?
Vlad | Mettalex : It
will be audited before it launches.
Q7 from Telegram user @banhamikhong
Can you give an overview of financial
tokens #Mettalex ? Will the design of
the token increase and decrease with the success of the platform, does it
include any scarce pathways, such as equity, storage, or burning?
Vlad | Mettalex : Yes,
part of the tradingn fees on Mettalex will be used for buybacks of MTLX,
further decreasing the available supply – capped at 40m
Q8 from Telegram user @gansoll
Does Mettalex have offices in a
certain country to take care of this project and its regulations on business and
crypto?
Vlad | Mettalex : Mettalex
and Fetch.ai are based in Cambridge, UK.
Q9 from Telegram user @KASG95
currently only three companies
participate in Mettalex, which are Ferrometrics, Bastug Metallurgy and Javelin
Global Commodities, but do they really already have conversations to add to any
other? Could you give us more detail?
Vlad | Mettalex :Yes,
we will be looking to integrate more partners from the commodities world. Can’t
disclose which ones yet 🙂
Q10 from Telegram user @chientha
Most investors focus only on the
price of the token in the short term instead of the real value of the project.
Can you state some new plans for users to invest in long term?
Vlad | Mettalex : Owning
MTLX tokens represents a unique chance to own part of Mettalex when its
valuation is still low. We believe that Mettalex services will become very
valuable in the future.
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:
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 MyWish. MyWish makes it easy for anyone to create automated funding management smart contracts and our guest were @VLadimirTikhomirov and @kulakovaolya. The AMA took place on 29 January.
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 MyWish!
Welcome to Satoshi Club😀
Gold Rocket | Satoshi
Club: Good evening, dear community!
We conclude our today’s
AMA marathon series with a very interesting project.
Today our guest are
@VLadimirTikhomirov and @kulakovaolya
Vladimir Tikhomirov: Hello
everyone! Thanks Satoshi Club for the invitation
Gold Rocket | Satoshi
Club:
I greet you guys!🖐
Olya: Hello
to all in this chat!!
Mary | Satoshi Club:
Hello, Vladimir and Olya! happy to see you here today 🚀
Gold Rocket | Satoshi Club:
Welcome
to Satoshi Club, @VLadimirTikhomirov and @kulakovaolya😊
Mary | Satoshi Club: How
are you today?
Olya: We
are optimistic! This is our first AMA since 2018, exciting!
Mary | Satoshi Club:
Really, wow🚀
Gold Rocket | Satoshi
Club:You
started in the right place at the right time 😉
Olya:We
hope so🙏🏼
Mary | Satoshi Club:
I think we need to start immediately 😂 sure, you have a lot to tell the
world about😂
Olya: Let’s
get started!
Mary | Satoshi Club: Let’s
start with your intro and of course with MyWish intro!
Gold Rocket | Satoshi
Club:
To be begin with, please tell us a few words about yourselves and how did you
get to be involved in MyWish😊
Mary | Satoshi Club:
Lol😂 crazy protecor
Vladimir Tikhomirov: My
name is Vladimir, Founder MyWish. We have started project in Jul’2017 and it
was just one smart contract called Lastwill (creation crypto will on Ethereum),
than we realised that one contract is not enough – since we need a UI for
managing it and a system which will invoke smart contracts. That’s how MyWish
Platform was borned.
Olya:
Hey, I’m Olya, I’m responsible for the marketing of the MyWish project. Started
with a variety of tasks such as community management since 2018. Over the years
of my work on the platform more than 15k new users have joined. Inspirational
looking forward by the year 2021 for the MyWish platform and the WISH token, I
will do my best to make you aware of us!😇
Mary | Satoshi Club:
So, you made long journey from Will to Wish😂
Gold Rocket | Satoshi
Club:
MyWish is very symbolic! 👍
Vladimir Tikhomirov:
Last Will -> My Will -> MyWish
Mary | Satoshi Club: You
have a lot of work🧐
Olya: The
word will scare the users a little😅
Mary | Satoshi Club:
Oh, i missed one link in chain🤦
To be honest i am really
excited about what you’re doing! Everything seems so simple, before token
creation was something too tech for me
Gold Rocket | Satoshi
Club:
Good start and good vibes❤️
Mary | Satoshi Club:
Do you have big team now?
Olya:
It is our mission to make complex things simple, to bring blockchain to the
masses.
Vladimir Tikhomirov:
7 members, developers mostly
Gold Rocket | Satoshi
Club:
mass adoption just around the corner
Mary | Satoshi Club:
With such situation you will need to hire soon😂
Vladimir Tikhomirov:
introverts 🙂
Mary | Satoshi Club:I feel, but you know our wishes😂
olya:
Happy to expand the team, especially marketing😉
Mary | Satoshi Club:Thank
you, guys, for your intro! Can you give to our community some important links?
To website etc?
Mary | Satoshi Club:
And are you ready for the questions from our community?😀 We have some😉
olya:
Yes, we are!🙌🏼
Q1 from Telegram
user @garrinepotter
How is the process of
creating a token going on, for example, on the Ethereum network? Is a new
address or a contract address I specify? I am interested in who will have
access to the contract, is it possible to block all unnecessary functions at
once, to which address to deposit ethereum to pay for gas during the
distribution of the token and provide are you an auditor?
Vladimir Tikhomirov:
Hi Garry, Our service generates unique smart contract for you, with new
address. When generation completed we delegate all the rights to user’s
address. You can manage the token (like mint more tokens or stop minting) by
using MyWish UI or in etherscan. Anytime you can try it in test net for free: https://contracts.mywish.io/
You can see more details
in video:
Mary | Satoshi Club:
We can train before?😂
All data will be
available only for those who purchased the contract, right?
Vladimir Tikhomirov: source
code – yes, only for paid contracts.
Olya:
Yes, you can create a test contract, and it’s free!
Mary | Satoshi Club:
You should answer later😂
i already want to try😂
Gold Rocket | Satoshi
Club:
I will definitely test it!👍
Mary | Satoshi Club:
It’s a joke, of course, i feel that we have a lot of interesting things to
discuss!
Ready for the next
question?
Olya: oh
yes!
Q2 from Telegram
user @sirdefi
If I create a smart
contract with you in order to manage my inheritance, how can I be sure that it
will be fulfilled after several years? What happens if you disappear, or if the
blockchain where it was created ends up crashing or disappearing?
olya: A
question from someone who cares about the future is commendable👏
Mary | Satoshi Club:
Yes, that’s true 😂
olya: We
don’t transfer your inheritance to your heirs, our main goal is to generate a
smart contract for you so that your assets, if certain terms and conditions are
met, will go to a specified wallet. This means that we don’t store your funds
and the smart contract itself is on the blockchain network of the chosen to be
deployed.
Mary | Satoshi Club:
How many users already created such type of contracts?
And did you already had
cases where the inheritance has been transferred?
olya: About
200 responsible people. The number of these increased sharply in 2020 because
of, you know, what.
Mary | Satoshi Club: Yes,
i understand
Vladimir Tikhomirov: Yes,
but sometimes inheritance contract used as lost key also – so, we do not what
exactly happened 🙂 Hope everything is okay with all our users
Mary | Satoshi Club: Btw,
it’s really great idea, i didn’t think that i can use it in such way!
Mary | Satoshi Club: Thank
you for your answers! With each everything becomes more and more interesting!
Mary | Satoshi Club: Ready
for the next?
Vladimir Tikhomirov:
🌚
Q3 from Telegram
user @Arisabela
MyWish has a Wedding
contract feature that allows family bugdeting and saving. Asset management is
only possible with the consent of both parties. How customizable are this
options? is there any way to interrumpt this contract if a party violate it’s
terms? What happens with the assets then?
Vladimir Tikhomirov: Arisabela,
Wedding contract is a fully customizable contract and it works in the following
way: Party A can spend XX% of the funds in specified period (without party B
approval), Party B can spend YY%. Both parties can change %% if both agreed.
The same for cancellation – parties decide how to distribute assets. There are
not many working wedding contracts to be honest – we need more places where you
can pay by crypto.
Gold Rocket | Satoshi
Club: It sounds very interesting!👍
Mary | Satoshi Club: If
there’s disagreement between parties?)
Vladimir Tikhomirov: we
are providing discount for Wedding contract for Satoshi Moderators only
Gold Rocket | Satoshi
Club: By the way, about convenient payments, tell us a
little about your mobile application.
Gold Rocket | Satoshi
Club:Lol! You make me think 🙈😁
Mary | Satoshi Club:
Lol, it will be very useful for me if i will ever decide to build a family 👍
Vladimir Tikhomirov: no
changes in initial conditions without approval from both parties
olya: well,
I have to get married in order to use the Wedding Smart Contract😎
Mary | Satoshi Club: Yes😂 but it’s
important, for sure, to have this contract!
Vladimir Tikhomirov: our
app is working fine on mobile, but we recommend to use on desktop – there are
more ways to manage the contracts
Mary | Satoshi Club: Great!
We will be aware!
Gold Rocket | Satoshi
Club: Can I also conclude a wedding contract if I have been
deeply married for a long time.😁😉
Mary | Satoshi Club:
Never
late, i think😂
Vladimir Tikhomirov: blockchain
does not know so many details about you 🙂 so, yes
Mary | Satoshi Club: So,
wait for one more Wedding contract user 👍
Q4 from Telegram
user @dustyllanos
Creating Smart Contracts
in the MyWish Platform is easy but somehow alarming because of Exploits and
Manipulation.How will you address this issue in your Platform?
Vladimir Tikhomirov:
Thanks for the good question. Our contracts were audited many times (since
projects need to be sure that token, for example, do not have any
vulnerabilities) and we also provide brand security report from our audits
partners. Everything is open-sourced and you can check it in etherscan. We also
have a bounty bug program – you can get the rewards for issue’s reporting.
Mary | Satoshi Club:
How do you ensure that scammers do not create contracts on your platform?
Mary | Satoshi Club:
For example, as i understand, you accept ETH as payment, right?
olya: one
of the ways yes
Gold Rocket | Satoshi
Club:
What other ways are there?
Vladimir Tikhomirov:
everyone can create the contract on our platform. Scammer or not can be
identified later only – it will depend how user will use the contract
so, exchanges or
crowdfunding platform shall block the scam tokens (or warn users)
olya:
Mary | Satoshi Club:
Got it😀 can you disable contract if suspicious activity will be found?
Or just warn?
Vladimir Tikhomirov: no
way, we fully transfer the rights to the owner
Mary | Satoshi Club: That’s
clear, thank you 👍
Gold Rocket | Satoshi
Club:
Thanks for your answers! It’s clear to me👍 Do you want to add something? Or can
we proceed to the next question?
Vladimir Tikhomirov:
please be careful – everytime check the contract address in Etherscan
next please 🙂
Q5 from Telegram
user @Pratze
As I know Mywish project
start with ERC20 token but then you make announcement that holder must swap all
of it into BEP20, can you give us the reason why you change from ERC20 to
BEP20? So what happen if user late or don’t know to swap the token?
olya:
Frequently Asked Question. Unfortunately in 2019, about 10% ERC-20 tokens were
stolen (cryptopia) and then there was a dump in the market – migration helped
us to avoid rate crash.
Also, Migration from
ERC-20 to BEP-20 was part of our listing agreement on Binance DEX in 2019. All
users had the ability to convert the tokens for 6+ months and now there is no
way to do it since all not requested tokens were burnt.
Mary | Satoshi Club
Criptopia, i remember…
Sorry for your loss, but
i see that everything is ok now😀
And are you ready for the
6th and last question from this part?
olya: Let’s
do it😀
Q6 from Telegram
user @budw1ser
Hi team!
Can you please elaborate
further on the following comments from the 2021 roadmap:
“We also intend to review
tokenomics and set conditions for token stacking for our investors. Expect
profitable news”
Are you considering
implementing staking rewards for WISH holders? Are you referring to rewards for
providing liquidity to the Uniswap pool or will there be a staking option
directly on the MyWish platform itself? The reason I ask is because there are
significant risks in being a LP (impermanent loss) and these could outweigh any
form of rewards.
Thanks!
🚀🚀🚀
Vladimir Tikhomirov:
Thanks, Alan, for the support and the question. To implement staking mechanics
we have to migrate to blockchain with smart contracts. Now we are making the
first step – the bridge for WISH token between Binance Chain and Ethereum will
be launched . Then, staking and liquidity programs will be introduced (Q1-Q2
2021).
Mary | Satoshi Club:| Do
you already have some guides or it will be available later?
Vladimir Tikhomirov: Will
publish on Monday in our Telegram: https://t.me/MyWish_platform
Mary | Satoshi Club:
Ok, we will follow updates!
And don’t forget to share with us
🚀🚀🚀
Vladimir Tikhomirov:
thanks, appreciate it
Part 2 — live questions from the Telegram community
Q1 from Telegram user @KASG95
Why create a contract
that is in charge of depositing my capital reserved for my family members in
case I fail? Why not just give them the keys to my wallets and transfer them to
them without having to pay monthly fees on this contract?
Vladimir Tikhomirov: If you give your keys to escrow to family members all funds can be withdraw any time.
Q2 from Telegram user @K2ice
How much do I need to
have to create a test contract on the platform?
Vladimir Tikhomirov: it’s free – you even do not need to have an address to see how it works. In 5 minutes you will get your own smart contract deployed in ethereum test net (or other blockchain)
Q3 from Telegram user @csgonub
Is your system only work
for creating ethereum ERC-20 smart contracts? @kulakovaolya @VLadimirTikhomirov
Olya:
not only
Q4 from Telegram user @konditer_rolex
What is Token Protector?
I saw 7 reasons you wrote why Token Protector is the best in the world of
storage, but I still did not understand what it is and how to create it. This
is a very interesting topic, but can it be used globally or only on your platform?
Vladimir Tikhomirov: https://protector.mywish.io/ helps you to protect your tokens in case if you lose the keys / access to your address. After some period of time tokens will be transfered to your reserved address
Q5. from Telegram user @batubaba
You will announce your
new roadmap on 20 January 2021. If you don’t share the details, can you tell us
what you will innovate in? Which subjects will you focus on most especially in
2021?
Vladimir Tikhomirov:We strongly believe in smart contracts. And our goal is to make it accessible to all the people around the globe. There are 2 big directions in our roadmap: new blockchains integrations and layer2 solutions integration. Everyone hates gas fees. And some other staff, see below:
Q6. from Telegram user @CryptoZaratustra
One of MyWish’s goals for
2021 is integration with Polkadot. What do you think about integration with
Avalanche, Solana, Cosmos?
olya: Solana
is one of the candidates for integration into the MyWish platform this year,
stay tuned!
Q7 from Telegram user @lexiagarcia
🟢 Once I create a
smart contract on My Wish is it possible to delete or modify it?
Vladimir Tikhomirov: it depends on the contract, you can change some data, but generally the answer is no
Q8 from Telegram user @Vlasov_kiri
Why are new projects
choosing to create a MyWish token? What are the features of the new MyWish
cross-chain solutions?
Vladimir Tikhomirov: We are publishing new projects in our twitter regularly. Regarding cross chain – we will launch bridge solution in Q1 for projects which would like to migrate the token from one to another (or several) blockchains.
Q9 from Telegram user @topind7
May I know why you named
your project MyWish, does the name have anything to do with the kind of product
and services you offer?
Olya :The
project started with one smart contact Last Will then it became My Will, and
finally transformed into MyWish the best sound for your contracts.
Q10 from Telegram user @stargateeatlantis
Why did you choose for
just using ethereum smart contracts and not polkadot or tron? @kulakovaolya
@VLadimirTikhomirov
Vladimir Tikhomirov: Many blockchains are already supported: Ethereum, Binance Smart Chain, TRON, Waves, Matic, NEO. Polkadot is not ready yet as the platform. Will integrate Polka as soon as it become ready to use solution
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:
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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Roxe Chain Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Roxe Chain
For more details: Roxe Chain – @RoxeGlobal Satoshi Club – @satoshi_club Russian – @satoshi_club_ru Spanish – @satoshi_club_spanish
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$/10 users – Open chat for 100 seconds. You can post Max 3 questions. InsurAce Protocol Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about InsurAce Protocol
For more details:
InsurAce Protocol – @insurace_protocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
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$/10 users – Open chat for 80 seconds. You can post Max 3 questions. Mimo Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Mimo
For more details:
Mimo – @mimodefi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
PART 1. Introduction of Gourmet Galaxy project and community questions.
Hello, Satoshi clubbers and guests of this site. For those who love space, crypto, and games, we present DeFi project Gourmet Galaxy.
Gourmet Galaxy is the first project combining NFTs, Yield Farming, and Gamification Powered by Polkadot.
Find abandoned planets. Purchase, sell and trade your planets at the FOODmarket. Make profits on the FOODmarket by selling what they have grown and mined on their planets.
Mary | Satoshi Club – @madamlobster and Gold Rocket | Satoshi Club – @GoldRocket27
The Representative of the project:
Thomas Johnson – @thomasatgum – CEO of Gourmet Galaxy. Never PM for funds.
Kunchok Tsomo – @kunchoktsomoreal – CMO at Gourmet Galaxy
Introduction of Gourmet Galaxy project.
Mary | satoshi club:
Hello, satoshi club! We are happy to announce our ama session with the gourmet galaxy! Welcome to satoshi club😀
Gold rocket | satoshi club:
Good evening, dear community!
We are delighted to welcome our guests from the gourmet galaxy. 🚀🚀🚀 Greetings @kunchoktsomoreal and @thomasatgum! Welcome to satoshi club!
Thomas johnson:
Hello guys.
Mary | satoshi club:
Hello, Thomas! Welcome to the club👍
Gold rocket | satoshi club:
Thanks for joining.
Mary | satoshi club:
Hello👏
Kunchok tsomo:
I’m so happy to be here, heard a lot of good things about this community!
Mary | satoshi club:
I like your stickers😉 So, let’s start!🚀
Gold rocket | satoshi club:
@kunchoktsomoreal and @thomasatgum to begin with, please tell us a few words about yourselves and how did you get to be involved in the Gourmet galaxy.🚀🚀🚀
Thomas johnson:
Do you want to go first @kunchoktsomoreal? Okay, mary.
Kunchok tsomo:
Yes sir.
I and all my guys on gourmetgalaxy_chat are very excited! My name is Kunchok tsomo, i am the CMO of Gourmet galaxy. 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. I am already 30 years old and gourmet is a project I devote a lot to the community.
Mary | satoshi club:
Wow, nice experience 👍
Kunchok tsomo:
To come to this achievement, Kayra and I spend almost exclusively on the project. The biggest thanks go to Thomas. He mostly slept with the project.
I was involved in peer-to-peer technology, before entering the blockchain industry I worked for Binance labs and Microsoft.
Thomas johnson:
Haha, thank you.
Mary | satoshi club:
Yes, I see big progress that already done😉
Mary | satoshi club:
Oh, I hear the word Binance😂
Kunchok tsomo:
Binance labs.
Then at the beginning of 2020, we became interested in blockchain technology and especially NFTS, and we found combining it with the user-generated content made by gum players would be the perfect match. I think I’m a fan of projects in DeFi space.
Mary | satoshi club:
You’re not the only one, it’s really on fire now!
Kunchok tsomo:
@thomasatgum go Thomas “holder”
Mary | satoshi club:
Thomas😂
Kunchok tsomo:
+ “holder”
Gold rocket | satoshi club:
This is a hot topic today!👍
Thomas johnson:
Haha. Okay, so where do I start? This gonna be a long story.
Mary | satoshi club:
Give it to us😀
Thomas johnson:
Hello guys, I am Thomas Johnson CEO of the gourmet galaxy. You just heard from Kunchok Tsomo, our CMO. It’s really a pleasure for us to be here with you guys today!
Thomas johnson:
So I started in crypto since 2014, the first time bitcoin was called a bubble.
A friend of mine told me about bitcoin and how it would be an excellent investment opportunity.
Mary | satoshi club:
It’s third or second bull run for you?
Thomas johnson:
Do you mean this bull run? This is my 4th bull run actually haha. 2016, 2017, 2019, and 2020.
Mary | satoshi club:
Ohhhh, you’re profi👍👍👍
Thomas johnson:
And I still keep these 5 btc
Mary | satoshi club:
You are not holder, you are real hodler😂
Kunchok tsomo:
You know what I mean
Mary | satoshi club:
Sure, that with such experience it’s impossible to create something wrong, guys😂
Gold rocket | satoshi club:
Steel character! 😁
Thomas johnson:
So I threw in about $3,000 and got myself 5 BTC at the time. That’s when the BTC price is more than 600$. I didn’t sell when it goes to $1000/BTC, because I want to see how much it can climb.
Well after that, the price drop to 200$, and my friend tell me that don’t worry, keep “holding”. I then ask myself, what is so special about bitcoin, that many people so excited about it, and they keep on believing the idea no matter what?
And since then, I start my research about blockchain and get hook up. Just like that, I became a blockchain enthusiast. I believe in this industry’s future and how it will change people’s lives just like the internet did. I was working for Coindesk as an analyst since then (besides of invest in projects myself). I also worked as an engineer for Celcius
And in mid-2020, I start gourmet galaxy, and here we are!
Mary | satoshi club:
Amazing experience!
So, are we ready to dig deeper in Gourmet galaxy and start with the questions from our community?😀
Kunchok tsomo:
With pleasure dear mary!
Preselected questions about the Gourmet Galaxy project.
Gold rocket | satoshi club:
Q1 from telegram user @angela_rer
Gourmet galaxy is the first project combining NFTS, yield farming, and gamification. I am pretty sure we’ve seen similar products in other amas from the Satoshi club. Are you sure you are the first? How does this combination work?
Kunchok tsomo:
Go first @thomasatgum
Thomas johnson:
We are not the first NFT nor yield farming nor gamification. But I couldn’t really tell that the other projects are our competitors. For example, if you look closely, you will notice that our gum swap has a similar UI to Uniswap or sushi swap. In terms of NFTS projects, look at AXS or Aaveghostchi (i don’t know if I remember the name right). They trying to gamify blockchain.
But stand on our vision, gourmet aiming to be a DeFi ecosystem, not just a single product. Our most important products will be our games. Each game will be a separate DeFi application. And our games will drive up the demand for our NFTS. So in some way, we are unique with no competitors
For example, you couldn’t really say that falcon swap is a competitor to Uniswap. Because their target customers are different. And our true target is to grow our ecosystem and userbase inside the blockchain industry first, then non-blockchain users later.
Gold rocket | satoshi club:
Mass adoption😉
Thomas johnson:
Yes
Mary | satoshi club:
Aavegotchi😉
Thomas johnson:
Righttt haha. My friend gave me some GHST but I couldn’t spell it right.
Gold rocket | satoshi club:
You have good friends, I dare say😁
Mary | satoshi club:
Yes, your structure is very attractive 😀
Gold rocket | satoshi club:
They give you good advice and gifts. 😁
Thomas johnson:
Thank you, guys!
Mary | satoshi club:
Gum swap will work like all swaps or it will be exclusively for your tokens?
Thomas johnson:
It will be for gum token at first, and then expand if we have enough demand from users. But it will surely have basic tokens/assets. Such as ETH, DOT, USDT, etc…
Mary | satoshi club:
Got it😀
Gold rocket | satoshi club:
Tell us a bit about your team, please. How many people, whether you work in an office or remotely etc … Anonymous or public?
Thomas johnson:
Haha, our team is working remotely atm, since the pandemic swipe over the globe, and we based in a different country
Mary | satoshi club:
But I see it doesn’t affect on quality 😂
Thomas johnson:
As you see, the CEO, CMO, and CTOis public, and our engineers/devs are mostly anon, since majority of them working in countries with strict rules about cryptocurrencies and they don’t feel that they need to show their identities
Mary | satoshi club:
I understand, it’s common now😀
Gold rocket | satoshi club:
Thanks for the answer!👍
Thomas johnson:
We also got our company registered in st vincent, and the main office based in Taiwan.
Mary | satoshi club:
Nice place😉
Mary | satoshi club:
Thank you for the answers! Do you want to add something or we can go to the next question?😀
Kunchok tsomo:
I live and work in the Taiwan office.
Kunchok tsomo:
Next question, please.
Gold rocket | satoshi club:
Thanks for sharing!
Gold rocket | satoshi club:
Q2 from telegram user @kany_west
You’ve received investments from x21, magnus, blocksync, etc. How much have you raised from them and at what price? Do you have more sales coming?
Kunchok tsomo:
We raised $500,000 from a private sales. The private sale price is $0.1, equal to the public sale price.
Gold rocket | satoshi club:
Not bad!👍
Kunchok tsomo:
Our one and only public sale will be next week, an IDO on falcon swap!!
Oh, the familiar name😂 we had falcon swap here! They are great!
Thomas johnson:
They are the best
Gold rocket | satoshi club:
Yes! Good guys! ❤️
Thomas johnson:
Tim and eric from falcon are really nice guys, with some greatest visions in this industry. Really enjoy my time talking with them about tech matters!
Mary | satoshi club:
How much tokens will you sell?
Thomas johnson:
We will sell 500,000 gum in total.
Mary | satoshi club:
It means only $50 000? Did I count right?
Thomas johnson:
Yep you counted it right 😀
Mary | satoshi club:
I predict the sale will finish in some seconds😂
Gold rocket | satoshi club:
Satoshi clubbers loved this project. I hope they will love you too 😉
Kunchok tsomo:
So please spread the word
Mary | satoshi club:
We will🚀👍
Gold rocket | satoshi club:
Tell us please about your tokenomics btw
Thomas johnson:
What do you want to know?
Kunchok tsomo:
Use-case or distribution, etc.
Mary | satoshi club:
I think we have a question about tokenomics a bit later😉
Thomas johnson:
Yeah Haha.
Gold rocket | satoshi club:
And this will sound in the next question 😉
Kunchok tsomo:
Please ❤️
Gold rocket | satoshi club:
Q3 from telegram user @blundeloff
Can you tell me more about the staking distribution chart from your tokenomics document? What research/ math is it based on because an APY 4740% on day 20 looks so out of reach?
But i need to finish ama before i will run and read more about IDO😂
Thomas johnson:
You should be HaHa. To continue with our ama please.
Mary | satoshi club:
Of course! We still have some days!
Ready to go to the next question?😀
Thomas johnson:
Ready
Gold rocket | satoshi club:
Q4 from telegram user @malidonald
Built on Ethereum but powered by Polkadot. How is this possible? Please explain the tech side of it, because at first sight it looks like a marketing trick.
Thomas johnson:
Ahhhh it’s not a marketing trick, but i see that it did a great marketing job haha. We did build on it, and we will be launch cross-chain into Polkadot in Q2. Of 2021 of course.
Building on Ethereum is a safe choice and makes sense for gum now because Gourmet application can be expressed easily as a smart contract, our use case is affordable in terms of gas fees and you don’t need a large amount of transaction throughput or control over the underlying economics of our system, or if you need interoperability with other Ethereum ecosystem projects at launch. Development on Ethereum is generally going to be simpler than polkadot.
Gold rocket | satoshi club:
Great plan! And it really worked 😁
Thomas johnson:
If on the other hand, in the future our application is best served by a dedicated blockchain, if it needs higher transaction throughput performance, our user wants full control of the environment, state transition function, storage, and economics that your application runs under, and if you are okay with higher implementation complexity, or have use cases that require integration across blockchains, Polkadot will satisfy these requirements. So that’s why we will get to this in the future, scalability is the way to go!
Mary | satoshi club:
How the game will work? Because currently, I can’t imagine a game on Ethereum😂 it will be slow and cost a lot.
Thomas johnson:
Not really, because not all of the “action” required users to make “transactions” on the blockchain.
Another reason is that when we start coding our apps, polkadot havent go mainnet yet, so Ethereum is the way to go!
But I understand your concern.
Mary | satoshi club:
Yes, you are right, but it’s still a concern.
Kunchok tsomo:
Kayra and Thomas are working day and night to launch the gourmet galaxy.
Mary | satoshi club:
I see that in stage 1 of your roadmap you have MVP😀 do you have approximate dates?
Thomas johnson:
Will you be upset if I say “soon”?
Mary | satoshi club:
Yes, a bit!😂 But i will wait😉
Thomas johnson:
Haha but I’m just joking.
Kunchok tsomo:
Next week is going to be an exciting week for gourmet.
Gold rocket | satoshi club:
It sounds tempting! 👍🚀
Gold rocket | satoshi club:
By the way, i’m a big fan of NFT, do you have any ready-made ntf? Please share with our community.
Kunchok tsomo:
Yes.
Thomas johnson:
We setting sight in June.
Mary | satoshi club:
Not so long, I can wait😂
Kunchok tsomo:
Our Foodmarket.
Sushi, cream, cake,…
Gold rocket | satoshi club:
It looks so cute 😍
Mary | satoshi club:
Choco ice cream is my favorite 😂 but they all look perfect 👍
Gold rocket | satoshi club:
Thank you very much for sharing👏👏👏
Kunchok tsomo:
We are making improvements to UI / UX to make it more user friendly. So you can go to the next question.
Gold rocket | satoshi club:
Q5 from telegram user @kevsalom
What are the requirements to sell my items on the food market? I would also like to know if I will be able to set the price of my items myself, or will their value be predefined by the system?
Kunchok tsomo:
The galaxy market (called food market before) takes no requirement, except for a small listing fee (by gum of course). The galaxy market will be divided into 2 sections. First one run by Gourmet galaxy, which sells foods. The second section is ffa place, where users can set the buy/sell price of their own items. The reason that we divided it into 2 sections is that there are only 2 sources of food: market place and staking from the planet. So at first, there may be not much free food circulating in the open market, so users must buy food from gourmet galaxies in order to create a planet. But after a while, users can buy from each other!
Mary | satoshi club:
The sense of the game – I buy food and create a planet, right?
Gold rocket | satoshi club:
You thought it well!👍
Thomas johnson:
Yes, Buy food then create a planet.
Mary | satoshi club:
Which benefits for users to create a planet?
Kunchok tsomo:
Banners ads, sell on the marketplace, staking, etc,
Mary | satoshi club:
Oh, a lot of benefits 😉
Does it give food for the next planet’s creation?😉
Thomas johnson:
No haha, not as simple as that. And also food will not only be used to create a planet. After games roll out, we food will be used as games currencies/materials.
Mary | satoshi club:
I like to simplify 😂
Thomas johnson:
And if you want this. Also if you want to find out more about it.
Ready for the 6th and last question from this part?
Thomas johnson:
Yes.
Gold rocket | satoshi club:
Everything is clear to me too👍
Kunchok tsomo:
Let do it mary
Gold rocket | satoshi club:
Q6 from telegram user @jobel4
In your roadmap stage 2 in 2021, it is stated that your platform will officially launch commander x. So as a teaser, can you give us an idea of what is commander x in the gourmet galaxy? How it will be essential in your platform? What is the use of commander x in your network?
Thomas johnson:
Commander x is a game that we going to launch inside NFTuniverse as a commander, you can own a fleet of starships, but you can only command one at a time. Starships are specialized, and some are better suited to specific tasks than others. If combat is your focus, you can battle pirates and hostile drones in the gourmet universe.
Commander x is a game that we going to launch inside NFT universe as a commander, you can own a fleet of starships, but you can only command one at a time. Starships are specialized, and some are better suited to specific tasks than others. If combat is your focus, you can battle pirates and hostile drones in the gourmet universe.
Thats the description.
Mary | satoshi club:
So, not only planets😂
Thomas johnson:
But if you ask us about what is the real use of commander x…
Mary | satoshi club:
Yes, please 😂
Thomas johnson:
The real use of commander x, just like every other mini-games within NFT universe will be to drive the demand of our NFTS. With more games, more people stay with our ecosystem. More demand for tokens.
Another thing is, commander x maybe a fun small game, but our other games inside NFT universe are actually a DeFi application. Looking at our first game (which is currently in beta phase and will roll out at the end of q1). It’s a bitcoin option game on the surface. But underneath, it’s using a dex model-amm technology to match the order of players. So actually we are trying to gamify the experience of DeFi, including trading and even lottery in the future (yep lottery is a financial segment too).
Mary | satoshi club:
Mass adoption 😂 and non-blockchain users are here😂
Thomas johnson:
We actually are a DeFi ecosystem, gamified.
Mary | satoshi club:
Yes, that’s why I like your project 😀 for me visualization and beautiful pictures important 😂
Thanks for answers!
Thomas johnson:
Haha, we thought the same.
Mary | satoshi club:
Btw, have you ever experienced the strong storm in your galaxy?😂
Thomas johnson:
No, but you guys may expect some stormtroopers in my galaxy 😂
Mary | satoshi club:
Oh, didn’t hear about them! One more thing we discovered today😉
I mean we will have live part soon😂
Thomas johnson:
Ohhh nice pun.
Gold rocket | satoshi club:
Feel the storm of the satoshi club galaxy !!🚀🚀🚀😁
Mary | satoshi club:
So!!! Are you ready for the live part?😀
Thomas johnson:
Yes!
Thomas johnson:
Bring me the storm guys
Mary | satoshi club:
And please, wait till 120 seconds finish and then answer the questions 😀 it will help us very much😉
Let’s go 🚀
Thomas johnson:
Ok.
PART 2.Questions about the Gourmet Galaxy 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 Gourmet Galaxy 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 @Capt_Star1
The first thing that crosses my mind as an investor before putting my funds in a project is the security of the platform and the use case of its tokens.
What will be the use case of tokens and NFTs and have security audits been performed on smart contracts to ensure that assets are safe from vulnerabilities and bugs? Is there insurance to help recover if the contract is hacked?
Thomas Johnson:
For the use case of Tokens and NFTs, you can visit our Whitepaper to get more informations:
https://gourmetgalaxy.gitbook.io/gourmet-galaxy/token-explained
I understand your concerns about security. Lots of projects faced this before. So in order to sure that no bad things happen to investor’s money, we have Certik auditing our smart contracts and the final result is coming soon, before the IDO 😉
Also, insurance from them.
You clarify that Gourmet Galaxy is “Built on Ethereum but Developed by Polkadot “, but really why? Could you give us more details about why not build it and develop it in the same chain? Thx.
Thomas Johnson:
Because Ethereum is mature and safe, but have problems about scalability that only ETH 2.0 can solve.
Meanwhile, Polkadot is promising, but it’s new. We can’t be 100% sure of Polkadot is 100% safe. And we don’t want to gamble with our investor’s money
Also, building only on one Polkadot’s Parachain may not the best option to give out a full product in time, since developing in Ethereum is still way easier
Q – 3 from a telegram user @nguyenben
Gourmet” – it’s like the name of food, what’s the real meaning of the Gourmet Galaxy? What was the inspiration to start the project?
Kunchok Tsomo:
We came from different nations, and one thing that we realized, no matter where you came from, food connect people
And also, game – so that’s what we think about when we start Gourmet Galaxy
The game, Food, and Blockchain
Q – 4 from a telegram user @NaufalRf6
What was the main motivation that made you decide to build Gourmet Galaxy? please don’t tell me if it’s just for the sake of MONEY! 😁😁😁 I thought that would be impossible because you still kept your first 5 BTC till today 💪💪💪
What “Fresh Experience” would you like to provide to gameholic like me?
Thomas Johnson:
It’s not for a sake of Money obviously, just looking at our initial and fully diluted cap haha.
To be honest, you are the first users in AMAs to ask me this question. And also, to be honest, my main motivation to build Gourmet Galaxy is just … we want to connect people to each other.
I myself also a gamer. Since Nintendo time playing Mario Bros, to Diablo, World of Warcraft, and now I’m still playing Dota with friends (when I’m not coding or developing haha), I realized that game is one thing that connects people.
And also Blockchain will help connect people in a way that humans can’t experience before. That’s the purpose of Web3 technology. But lots of people still looking at Blockchain as some kind of scam, bubble, etc… So by bringing games and Blockchain together, I can try to connect the masses, so they realize how much they can improve their life using Blockchain. It’s a long and hard way, but it’s my motivation if you ask.
For your fresh exp, you should just acquire some GUM, and play our games when it rolls out. And if you don’t like my products/games, come and tell me then I will try my best to improve them!
Q – 5 from a telegram user @apocan99
Does GUM Swap have many advantages compared to the competitors such as Uniswap and Sushiswap?
Kunchok Tsomo:
We don’t compete with each other, we support each other. We build GUM Swap and GUM Farm as the portal for the user to create GUM, thereby creating FOOD, PLANET, etc. Swap and Farm are not our two main products. We want to head to the world of Game + Defi.
Q – 6 from a telegram user @spongeboblu
How much blockchain knowledge is required to enter this gaming platform?
Kunchok Tsomo:
No code or programming knowledge is actually required to get started with Gourmet Galaxy.
Q – 7 from a telegram user @jobel4
Can you explain more about the Food market of Gourmet Galaxy? What is this market all about? What products or items can be bought or sold in the Food market? Literally, why it is called the Food market?
Kunchok Tsomo:
FOOD Market is an open marketplace, allowing users to freely trade platform tokens between one another. There are two types of sellers in the FOOD Market: The Foundation and Users. The Foundation is in charge of providing basic PLANET, FOOD, and Recipe in exchange for GUM. The Foundation is run by smart contracts and will be responsible for the balance between Supply and Demand of in-game assets and tokens.
Users can also use the FOOD Market to exchange in-game assets (FOOD, PLANET) into GUM and vice versa. The real benefits of this “marketplace” model are to:
Provide the supply and demand of the platform, so that NFTs in-game will always have intrinsic value tied to them.
Allow Users to exchange in-game NFTs tokens into real-world value, reaping the benefits while still having fun.
FOOD Market is the place where users can exchange GUM for FOOD – This is the NFT of the game. Players can either exchange FOOD directly or buy food that has been pre-mined. If you do not want to buy FOOD, players can earn FOOD through in-game activities, like creating FOOD from your existing PLANET or playing games for FOOD rewards.
FOOD Market is a marketplace, each exchange on FOOD Market will lose 4% of the GUM fee for the Gourmet Galaxy.
Q – 8 from a telegram @cryptovgh
BLOCK SYNC VENTURES are one of your investors, what kind of relationship is there with BLOCK SYNC? And What is about your other partnership? Because everyone knows that partnerships are crucial to long term projects
Thomas Johnson:
BLOCK SYNC is an experienced venture fund that invested in our project. Our partnerships include Magnus Capital, X21 Ventures, KAVA, FMX, ROYALE, etc… Our partnership helped us a lot, both in terms of finances and advice. And new partnerships coming in next weeks, stay tuned to our channel: https://t.me/gourmetgalaxy
Q – 9 from a telegram user @Loversss10
Yesterday you just started a partnership with FalconSwap. can you tell us the main purpose of this partnership? What will the achievement of this collaboration?
Thomas Johnson:
We are the 2nd IDO on Falcon Pool!!!
When we discussing within our team and partners about what platform we gonna do IDO on, we have several choices to make. And finally, we choose Falcon Swap!
Not only they solved the Gas-War that currently overshadows other funding platforms, but they are also actually fast and reliable. And IDO on Falcon will actually give users a chance to buy our public sale.
Their first IDO finished yesterday, Lendefi (LDFI) which got a tremendous amount of good feedback from the user base. And we trust that our IDO on Falcon will make everyone happy, especially public sale participants!!
Q -10 from a telegram user @Alika061
Have the smart contracts on the #GourmetGalaxy been audited, because now there are so many smart contracts that commit fraud?
Kunchok Tsomo:
Gourmet Galaxy has submitted an independent audit to be carried out by Certik on our code.
When it comes to “being your own game,” having the ability to evaluate the security of the tools at your disposal becomes a necessity. We think that Smart contract audits play a critical role in evaluating the technical risks associated with a dApp, especially as the Gourmet project is a combination of Defi, NFTs, and Gaming. We are confident that our contract is complete, but validation is required. And we respect this, we respect the users in our ecosystem.
We will announce the successful audit this week 🙏
Part 3 – Quiz about project
In the final part, we tested the knowledge in terms of the Gourmet Galaxy 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.
