AMA Satoshi Club x PolkaBridge, January 17th

We are pleased to announce our next AMA on January 17th 2021 at 02:00 PM UTC Time: Satoshi Club x PolkaBridge

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

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

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

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

Part 3: 300$ – A quiz about PolkaBridge

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

Posted in Uncategorized

147 thoughts on “AMA Satoshi Club x PolkaBridge, January 17th

  1. Why the project name is Polka bridge? Are you only focusing on the functionality of Polkadot? Tell us the story that why you choose this name for your project?

  2. 2.
    I’ve heard that you raised a lot of money from different investors and partners. Can you tell us the total amount raised until now? Also, what is the revenue you plan to receive and from what sources?

  3. In how many ways or what are the ways your project generate revenue? What is the revenue model? How it can be beneficial for both investors and for project itself?

  4. It’s quite unfortunate that many projects have infiltrated the market with just white papers without having any genuine use cases. What are the main utilities of your coin?

  5. $ PBR has hard work in the ecosystem for this year, how has the team participated in this first quarter with the early pre-sale and publication on Uniswap?

  6. Hi~
    I truly thank you for your project. When using ETH platform and Polkadot platform, I wished there would be a cross-chain dApp connecting them in the future. And now I find PBR. PBR will optimize gesture, time and cost also, which all users want, I believe. Your name- PolkaBridge is meaningful and rather easy to understand. I also see the schedule and actually respect your efforts in building the whole project information in only 4-6 months, from idea, teamworks, fundings, launching… Hope that the world will have more a long-term successful decentralized application. Let show us your strength! Waiting…

  7. I also want to ask you. How can we have a higher chance to own this token in presale, or IDO. I mean the tips

  8. The roadmap seems simple but detailed, with really interesting objectives … in the team I see only two members and I would like to know more about them (experiences, jobs…) and understand if new members will be add to meet the dates of the Road map? thanks

  9. Will the 10% of the fee that is burned “deflation farming” reduce the total supply of $PBR tokens which amounts to 100,000,000?

  10. Why will Polkainsure move to polkadot parachain when product development is complete, and if I want you to compare Ethereum with Polkadot, what advantages will Polkadot make a difference, apart from low gas fees?

  11. How will Defi users in the Polkadot Ecosystem get the PIS governance token and in what cases can users claim insurance? How is collateral provided?

  12. How is the rate to be collected and distributed from farmers in deflationary agriculture determined and how is the increase in trade volume in Uniswap reflected in farming rewards?

  13. How will agriculture provide incentives to attract additions of liquidity from users, and how successful is high APY with high inflation in farming?

  14. How is PolkaInsure smart contracts audited and verified on Polkadot blockchain and how is the smart contract code used in payments?

  15. Do we have to do KYC in order to purchase Collateral at PolkaInsure and how is KYC verification performed on collateral purchases?

  16. What types of DApps does #PolkaBridge want to build and focus on developing? What are the advantages does #PolkaBridge gives and provide for DApps developers?
    Which 3 partnerships are you most proud of? How are these partnerships useful in POLKADOT PLATFORM infrastructure?

  17. PolkaBridge does DOT platform to tokens on other chains and vice versa support. Compared to other DeFi platforms, PBR TOKEN offers collateralized loans and stable coins to users too. How will volatility be managed there with so many different collateral systems in chains?

  18. DeFi has evolved from a movement to basically the fastest growing and the most accessible facet of the blockchain industry. In your opinion, do you think we are at risk of saturation?

  19. I’ve seen your team’s section on your website with those two cute photos. How many members do you have in your team? Is it just the two of you? And what’s the reason behind being anonymous? Thank you.

  20. Among the many platforms available, what did you see in DOT that you think would be beneficial to your project that you didn’t see in others? Thank you.

  21. How do you intend to solve the problem of scalability and security in blockchain using your products? If the team fail to deliver on their promises, do you think the entire #Crypto community will be affected? If yes, how?

  22. PolkaBrigde’s team is composed by to co-founders which identities aren’t showed in the website, can you tell us about who they are and their experience in Blockchain technologies? It is just you two?

  23. This project is still in early stages, but security is a priority to create a solid background, what are the plans to audit this project? And what are the security features to protect the assets of your investors?

  24. 0.5% fee of total amount during PBR; can possible fee reduction take place in the future, what parameters will allow for 0% fee.

  25. Polkabridge uses Moonbeams solution, why Moonbeam, what makes this solution unique to others, can it allow for more than 2 smart contracts at the same time to swap.

  26. – When using PolkaBridge and its swap feature, 2 swap transactions are performed simultaneously, my question is, won’t this significantly increase the network fees that users must pay? Why 2 swaps at once?

  27. – Do PolkaBridge pre-sale tokens have any locking period? How long is the investment period? Or are they available immediately after the PBR listing?

  28. – I see with concern that the PolkaBridge Team is only made up of 2 people, Cyclese and Zeph. How can you two develop a project as large as PolkaBridge?

  29. From a post in your telegram Community, I can see that you have started Airdrop campaign. How can I participate in this Airdrop campaign? What are the conditions for this event and how much token have you allocated for this Airdrop? Aside this current Airdrop campaign, will there also be other bounty tasks and incentive programs to incentivize the members of your community?

  30. **The initial project involves a high amount of token. Can the tokenomic and locking distribution percentages vary if the expected results are not achieved?

  31. **You estimate to unlock 30 million token at a rate of 1 million token per month. In case of not having the expected results these values can vary?

  32. **In addition to the incentives raised by the use of PolkaBridge can indicate other advantages of Polkadot over current systems?

  33. PolkaBridge Lending and Lauchpad platforms are still in construction, what innovations will we see as this is a project based on Polkadot’s system? What advantages will this give to the platform?

  34. Is there any way to receive passive incomes by investing in Polkabrigde? What are the ways you use to incentivize the farmers?

  35. The total supply of $ PBR is 100,000,000, which I think is very high. Do you think this won’t have a bad impact on the token price? please describe your scenario regarding this

  36. Why do you think need a stepping stone for the unification of all blockchains into a single network based on Polkadot? Will other competing Blockchain benefit from this? Why do you think they should join?

  37. Здравствуйте! Я плохо знаю английский язык!
    На каких биржах будет листинг? И сколько людей можно максимум пригласить по Google форме? Спасибо

  38. PolkaBridge will be a bridge between Polkadot platform and other blockchains. Given that, I see in your roadmap that there are only 2 blochains in plan which are ERC20 and BEP20. Will that be all to bridge or will you continue with other blockhains once you are done with these two? If yes, which ones are planned next?

  39. The biggest dilemma currently in crypto is the issue of volatility and liquidity both old / new projects that end in scam projects. What steps can we as investors / traders take to overcome this dilemma?

  40. Bridging different blockchains is a good service. But there is not only technical part do deal with. Fee management is also an important issue to resolve. So how are the fees handled while every blockchain has different fee mechanism or policies?

  41. WHAT IS POLKA BRIDGE? HOW SURE YOU ARE WITH THIS POLKA BRIDGE? ACCORDING TO YOU HOW LONG WILL THIS POLKABRIDGE LONG?

  42. why isnt so much information in about your team in your website?how long you are planning to become hidden in your community and in your investors?how could we trust you if you only represent two people in your team….

  43. I saw that you are planning a service called PolkaBridge Launchpad. What will be done via this service? Will it be similar to Binance Launchpad? When is it planned for?

  44. can you give us more detail but simple explanation about your swapping?it said Each swap action includes 2 transactions on 2 platforms of swapped tokens through pools?can you explain it a little more?

  45. On this year as i see so many project born with exchange feature. And all of them will be usually release farming, staking, exchange, pool, and etc. Now what i am asking, what different your project betwen all old swap project until now ?

  46. On Q1 2021 there is a pre-sale of $PBR is coming. As an investor what makes me to participate in it?Also why should I hold it for long term rather sellin it when listed?

  47. why did the POLKABRIDGE project choose POLKADOT as a decentralized network platform, and is it secure, and what impact does POLKABRIDGE have on real finance, is it profitable?

  48. when is $PBR ready to trade on UNISWAP, and what strategies do you use to make $PBR sell successfully, because currently many projects have failed during their token pre-sale?

  49. Does POLKABRIDGE plan to build partnerships with local cryptocurrency developers and local projects in each country to take advantage of the token more globally?

  50. What role Polka Bridge token will play in the exchange/swap platform?

    Will there be any plans for staking Polka Bridge token and others ?

    Is your project associated with Polka platform or backed up by dot token ?

  51. how distant are PolkaBridge progress in every aspects,, momentarily,, between all technology important points?like Decentralized Finance,BPoS Blockchain and Decentralized Applications..what are your focal point in the matter of technology at the moment?

  52. Polkabridge is the first decentralized bridge between Polkadot platform and other blockchains. What different polkabridge DEX makes from other dex exchanges and what are the advantages of using polka ecosystem instead of eth ecosystem for this project?

  53. 1.Which exchange can I use to trade AMA?
    2. What is preferred Utility of AMA?
    3. How you make strong liaison of community?

  54. 2-I heard that 10% of the fee that is burned “deflation farming” reduce the total supply of $PBR tokens which amounts to 100,000,000? How it affects the Market?

  55. I read in your whitepaper that before running the mainnet, the PolkaBridge smart contract would be audited by reputable third party such as Quantstamp, Certick and Consensys. So as I notice in other platform they are only audited by either one of those third party mention above but why does PolkaBridge needs to be audited by those three mentioned? I think it will cost a higher allocation for auditing purposes since you will have 3 auditor for your smart contract. Why not choose only one of those three to audit PolkaBridge smart contract to less the costing? Thank you!!

  56. 3- I have heard about launchpad of polkabridge.I know binance also have a launchpad. is there any similarities? If there can we expect more features than binance’s launchpad?

    Good luck Guys.

  57. In your roadmap, it is stated in Q3 2021 that PolkaBridge will launch Bridge DOT Platform-ERC-20 and in Q4 2021 you will also launch Bridge DOT Platform-BEP-20. So is $DOT is another token for your platform? Why do you need to launch another token? What will be the purpose and governance of $DOT in PolkaBridge network? Since it is another token in your platform, do you also plan to launch a pre-sale for this token? Can you share to us a little idea about the Bridge Dot Platform? Thank you!

  58. The unlocking of tokens will be as follows:
    – Ecosystem: 1,000,000 PBR every month
    – Marketing: 1,000,000 PBR every month
    Why Team: 5,000,000 PBR every 6 months, and not the same 1,000,000 PBR every month? What was your starting point when planning this schedule?
    It seems to me that it is better with small amounts, but every month (like a salary), than a large amount every six months. And if not enough for 6 months? I would definitely spend it quickly!

  59. We can see your Founding Team on your page, but what about all your team right now? How many people do you have working with you? Are you looking to hire more staff? Could you tell us a little bit of their background and why did you choose them to work with you in polkabridge group?

  60. There are many users who want to learn how polkabridge group asset loans work,
    what are these loans based on and what requirements must we meet to use them?

  61. Based on the researches you carried out in Q3 of 2020, what were the challenges you discovered that existed in other Defi and cross-chain platforms? How do you intend to address those challenges??

  62. What is the differences between PBR and DOT?
    When will PBR listed on Binance or Coinbase or any of trade apps?
    What is the main purpose of PolkaBrigde?

  63. From January 11, 2021 – February 28, 2021, you are airdrop for your community!
    Complete all following tasks and fill the form to get 50 PBR and 50 PBR each referral.
    And you need to fill out the form, indicating certain data. When I reached the last point, I stopped. What referral name should I indicate there if I came to your Telegram group using the link indicated in our AMA announcement and did not invite anyone myself?

  64. Hello. I have three questions for you. 1 – Are you preoccupied with bridge building with Ethereum 2.0? 2 – Is it possible to take part in the voting with the project’s service number and how will the votes be counted? (As it is arranged in other projects, for example Uniswap). 3 – Do you plan to launch your own wallet and what kind of wallets can you wake up to connect to your products for example PolkaBridge DEX?

  65. We have seen a lot of projects hyped without living up to it’s hype. why should we believe polkaBridge to be different?

  66. What is PolkaBridge? Why should I invest? What are the innovations and earnings you promise to invest?

  67. For Every Coin Its usual that when a subproject introduced under its ,the value gradually increases and afterwards decreases . In case of polkabridge project is there any project that helps to maintain price pumping for a long term ?

  68. 1.) What is the essential positively towards achieving the goals and fundamental visions of the project, having collaborated to with Satoshi club to bring to light more know abt the project to the world?

    2.) What has being put in place to ensure that this project would be rooted firmly and rigidly to stand the taste of time,so as to have the interests and the passion of the people and community of the project at a place and in a common goal.

    3.) Will there be any burn or a planned burn of the tokens/coins as a routine process to aid the reduction not the Total supply (TS) and as such projecting scalability and flexiblilty and the upwards drive of the price when listed.

    Thanks and best regards to the team @Satoshi club and PolkaBridge.

  69. What makes PolkaBridge abetter than it’s competitors

    What are your marketing strategies
    How do you intend to make this project known?

    What gives you confidence that your project would be preferred compared to others already available?

  70. Q. what are the ways that generates profits/revenue to maintain your project and what is its revenue model? How can it make benefit win-win to both invester and your project?

  71. How will Polkabridge stand out from competition ?
    How will the deflationary farming be profitable for holders?
    When do you plan to launch the new crosschain swap dex ?

  72. What problems is your project trying to solve to make it easier for Crypto users? Please let us know how evolving the roadmap is right now. What will happen this year and in the future?

  73. What features make the PolkaBridge project stand out from the other projects (in other words, is it a better investment compared to other projects and if it is, why)?

  74. what’s your current roadmap status? Are polkabridge successful in reaching all your roadmap targets? Do give a brief of your roadmap update!

  75. As new user Is there Any special about technology and strategy $ polkabridge use that makes us believe it will be successful? and what does $ polkabridge plan do to attract more investor to believe in $ polkabridge ?

  76. What kind of innovation has POLKABRIDGE will bring against blockchain? Can you tell me your team’s goal of the POLKABRIDGE network processed transactions for 2020?

  77. Trust is very important in business. So, what makes investors, customers and users feel safe when working with Your project? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?

  78. Polkabridge have Decentralized Exchanger (DEX) that powered by Polkadot system, but I’m just curious why your token PBR is work in ERC20? Could u pls explain the reason?

  79. Do you have any plan for building Nfts into your eco system because that is the hottest topic on crypto space?

  80. In the DEFI space, there are many sectors where the revolution has taken place. Compound in the crypto loan sector, Uniswap in the decentralized exchange sector, Synthetix in the tokenized asset sector. In which sector will DEFI revolutionize PolkaBridge DeFi?

  81. Considering that PolkaBridge can exchange tokens on the DOT platform for tokens on other chains and vice versa and with a simple and fast interface, then how do they guarantee security and protection to users?

  82. Polkabridge already have partnership with one of Polkadot project Moonbeam, so could you tell us what the benefit both from Polkabridge and Moonbeam got from this partnership?

  83. With PolkaBridge, each swap action includes 2 transactions on 2 platforms of swapped tokens through pools. Will this mean users will also require to pay 2 separate transaction fees?

  84. Im just confused with Polkabridge Deflationary Farming system. It said if we do PBR transaction 99.5% goes receiver and 0.5% goes to fee, but in your telegram said 90% of PBR transaction goes to farmer and 10% goes to burn, which one is true? Can you explain and give an example if i transfer 1000 token PBR, how your deflationary farm system work?

  85. What about scalability of the system? Ability to link parachains together and make interesting interactions opens a great opportunities. Give an example (or examples) how do you see this in particular cases. Thank you.

  86. PolkaBridge was built to be the stepping stone for the unification of all blockchains into a single network based on Polkadot. A very smart idea but implementing it and marketing the project’s idea to the users with different needs is such a big task. What other promotion other than airdrop are we gonna expect to start in the future? Can you share some of it?

  87. Simple and Direct

    PolkaBridge is a platform that let users do Swaps token from Polkadot to others chains( and viceversa), but how many chain are you talking about? The same as Polkadot it supports?

  88. The PBR token has an utility related to Launchpads, so what this means? A project needs to lock PBR as collateral to conduct a Launchpad on PolkaBridge?

  89. just a simple question.
    It is common knowledge, many cryptros are already successful or hit fantastic prices from their initial prices. Well. how does polkabridge compete with other projects or what are the steps for polkabridge to be successful in this project?

  90. What is the Polkabridge Launchpad ? How soon can we see it? How many token does one need to lock to farm lottery tickets?

  91. Can we lend our PBR tokens to others for interest, once Polkabridge Lending goes live? Is it how this systems supposed to work?

  92. What can your project offer to construct positive interactions with regulators?

    Why do you choose exactly this percentage for token burning, which instrument did you use for prediction the accuracy and correctness of this amount?

    And let’s go to some global. It seems like you are “chamber orchestra”, small project with big plans. What could you provide to audience to proof that you can handle it?

  93. Are these 2 transactions doing same time, binded or can transfer independently?.Is swapping on PBR transaction and cross bridge transferring depend on each other for sensing fees for farmer also?.

  94. Good day! Tell me now polkadot is testing parachain, will you participate in the auction? What is the uniqueness of your project for the development of the ecosystem?

  95. How will Defi users in the Polkadot Ecosystem get the PIS governance token and in what cases can users claim insurance? How is collateral provided?

  96. can you give us more detail but simple explanation about your swapping?it said Each swap action includes 2 transactions on 2 platforms of swapped tokens through pools?can you explain it a little more?

  97. Based on the researches you carried out in Q3 of 2020, what were the challenges you discovered that existed in other Defi and cross-chain platforms? How do you intend to address those challenges??

  98. Of the many coins that have entered the polkadot ecosystem, what vision and mission will the polka bridge put forward, in order to compete with other coins?

  99. We have seen on your website that your project is fully audited and this gives some investors extra security when investing in currency, how was your project audited?

  100. Hello migrating a coin from its chain to polkodot or vis-vesa. Fee is paid in polkobridge tokens or in the coin I’m migrating..

    Thank you

  101. On the $PBR website we have a graph:
    “TOKEN RELEASE SCHEDULE”, you can better explain to us how this division will work including all the factors that can occur over time like Airdops, events, some staking launch and so on.

  102. How will polkadot bridge network profit it members and how does it differ from other DEFI projects? What incentives does polkadot bridge offer to members of the DEFI ecosystem?

  103. So you guys have plans of branching your community beyond Spain and Russia, cus there are worthy people to help with that

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