We are pleased to announce our next AMA on January 16th 2021 at 11:00 AM UTC Time: Satoshi Club x Absorber Protocol
⚠️Click to see the hour
⚠️Total Reward pool: $800
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Absorber Protocol Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. Absorber Protocol Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about Absorber Protocol
For more details:
Absorber Protocol – @AbsorberProtocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
More than 200 million dollars have been hacked / stolen from DeFi projects in 2020 according to some statistics, this generates greater distrust in new DeFi projects. What role does your agriculture system play to solve this bad image and position itself as a trusted DeFi platform?
I have read on your website a paragraph that says “decentralized finance is in a state of disaster”, what are the areas of DeFi technology that are in this state and how will Absorver Protocol solve these deficiencies?
The negative effects of hyperinflation and gas costs minimize user profits during negotiation moments, Absorver Protocol promises to solve these problems, What mechanism or tool does Absorver Protocol use to guarantee low levels of gas costs and avoid hyperinflation?
You announced an official partnership with Ethanol. Which we did AMA last month with. They said they would refund the gas fees with this project. So is this partnership about gas fees? Can you explain the details of your partnership with Ethanol?
It is very common for DeFi projects to reject orders for whales because they do not have a good market capitalization and end up losing these profit opportunities. Does ABSORVER PROTOCOL accept orders for whales? What is ABSORVER PROTOCOL market capitalization volume based on and what makes it sustainable for these cases?
What must a merchant or farmer do to receive part of the liquidity distributions extracted from the transactions and how does ABSOVER PROTOCOL decide to which specific community these blocked profits are distributed?
As a minority entrepreneur, I do not see the idea of offering a protocol with multiple owners and the low growth of the liquidity fund very attractive. Who are the owners of the ABSORVER protocol and what solutions have they used to establish an exponential growth in liquidity funds ?
As a cryptocurrency enthusiast, I am always looking to learn more about this world, and it caught my attention that Absorber Protocol established a partnership with the Blockchain Training Academy a few weeks ago. Could you tell us a little about what goals you have set for yourself with this partnership? How important is cryptocurrency education to Absorber?
On December 19th, in an article in Medium you commented that “There are currently over 1300 $ABS headlines and they are growing daily”. Today, almost a month after that article was published, how many $ABS headlines are there right now? How many do you expect to have by the end of this year if you maintain your impressive growth rate? what projections and goals have you set yourself in this regard?
What prompted Absorber Protocol to partner with Ethanol Token? How will the two platforms now be linked and what benefits will your users have from this? Will $ABS holders have any benefits from using $ENOL?
It says in your website that after “ACE”, the contract keys will be burned and you’ll switch to an entirely decentralized mode of operation. What is this “ACE” and when will happen? What stops this project at the moment to be fully decentralized?
About the absorption process of this protocol, I see the only way to obtain $ABS is by trading or buying, but what are the official channels to do that? Also, what are the payment methods allowed and it’s limit to purchase?
what does Absorber Protocol have that makes you think that your different form other project?what advantages do we have buying and holding ABS?
According to your website, Absorber welcomes whale orders in either direction because it will always have an ever-increasing, sustainable minimum market cap (SMMC). So do you think it will not affect the price of the $ABS in an exchange? Do you think big investors will not take advantage with this strategy of yours? Do you also consider small investors in your platform? What if this whale orders will sell their orders at the same time especially when price is high and it will suddenly dump the price after whale orders selling, what steps or solution are you preparing to face this in the future?
Can you explain more about the Absorber Creation Event in Absorber Protocol? What is the highlight of this event in your platform? How does this event affect the entire ecosystem of Absorber Protocol?
Can you list 1-3 of the deadly features of your Absorber Protocol project that make it stand out from its competitors? What competitive advantages does your platform have that make you feel the most confident in yourself?
Can you tell us how token holders benefit in the ecosystem and what power in the governance model individuals have? Why is this so attractive and what are the basic requirements to PARTICIPATE?
We all know that the Ethereum Network has a lot of problems: scalability issues, high fees, slow speeds, and more, Why would you choose to build your token on the ERC20 network through another network that is faster and more scalable?
Aside from Uniswap, what is the next exchange listing of $ABS token? Do you plan to list your token in Binance? As the Tether USDT latest news which I suppose you know it already, what is your opinion about this? Do you think this Tether USDT news will affect the circulation and price of $ABS token in the market especially with $ABS/$USDT pairing? Thank you
Can you give us details of your intentions in partnering with Ethanol? What are your expectations? What role will Ethanol play?
How can they guarantee total security to the user that this DeFi project is not another case of theft?
Does the ABS token have good liquidity? If not, what do you plan to do about it?
The Absorber Protocol automatically manages the claiming process on farming and liquidity providers so participants will pay no gas fees to receive rewards. How will this be possible when Absorber token $ABS is based on Ethereum?
After “ACE” (Absorber Creation Event), the contract keys will be burned, and Absorber will switch to an entirely decentralized mode of operation. Can you explain what ACE is all about and did the burning of contract keys already done?
How will the partnership with Ethanol Token can benefit the Absorber Protocol other than the rewards for $ABS trading that comes with it?
The Absorber Protocol placed themselves as a balanced decentralized network.? Do you solve difficulties of this platform alone or the problems of the crypto industry normally? What issue do you contemplating is the most applicable or bearing upon today and have already been solved by Absorber Prrotocol?
I read that Absorber protocol offers its users Passive Yield Farming and it says that we just need to have $ABS in our wallet to earn more of it.. do we have to pay a fee when we want to withdraw those rewards? Can we withdraw the rewards immediately or do we have to wait a period of days?
In the tokenomics section of the Absorber Protocol website I read that 2% of $ABS token is re-allocated to all $ABS holders, will the amount of $ABS that each holder will receive depend on the amount of $ABS they hold? The bigger the amount of $ABS that he holds, the bigger the reward he will receive? Or is it a standard amount for all users?
The absorber mechanism takes the 10 % of each transaction, that means that the total supply is continuously decreasing so can you tell us how many % of the supply will you Absorb?
Currently DeFi has very good Farming platforms, but one of your memes says that absorber Protocol has a “2x harvest rate” so can you explain us how Absorber Protocol can archieve that?
Absorber Protocol claims that have low gas fees, but I just realized that the token Contract is and ERC20, so How do you do to obtain lower fees?
more than 1 month after the first transfer of $ ABS in the ETH network, what impact have they achieved in the market under the auspices of UNISWAP? Do you plan to open on other platforms this year?
By having $ABS, we also have the ability to participate in governance, allowing us to decide how the protocol functions and what its direction should be. What percentage of Absorber Protocol belongs to the community? Is it Absorber Protocol 100% community owned? In case the developers and the team behind Absorber protocol do not agree with a decision made by the community, what would you do?
– What is the advantage of the partnership between Ethanol and Absorber? Why did the Absorber team decide to reward the ENOL holders?
– What is Absorber Core’s gravity and how does the Absorber Finance system determine this? Can the deflationary mechanism vary over time?
– One of the features of Absorber is that there is no need to interact with the smart contract to be able to block the tokens, my question is, then how does the user get his yield? Is this deposited directly into the user’s wallet?
Reading your post on Medium there is an announcement of a partnership with Ethanol Token. Haven’t you made any other partnerships after that? Are partnerships currently a focus for you?
Do you think users would lose interest in your token once there are very few of them in circulation? Since with each operation performed the amount of supply of it is reduced, there will come a time when it simply cannot be used. and that it does not generate profits to the holders thereof.
I find it excellent that the automatic distribution of tokens. However I want to know, is it necessary to have a specific wallet? Do you have plans to develop your own wallet?
I like the automatic distribution of tokens. But how does this avoid high gas rates? gas is not required to carry out said distribution?
You intervene in the capitalization of the token by absorbing the amount of them to maintain the balance. This could fix the artificial value of the token. Do you have another mechanism in mind to maintain the value of the token?
You say that you can cashback up to 100% of the transactions of the Ethereum network. There is a small chance that all users of that network will receive 100% of the cashback. How do you maintain the value of the chip that is not given artificially?
The deflating circulating supply based on Absorber Core’s gravity. I’ve been thinking a lot about it and couldn’t totally understand that about your tokenomics, how do you explain it to the not so experts?
There are several DeFi platforms where some have worked well and others for trust and security have not. What advantages does it offer over other platforms?
I want to know about the ways to obtain profits of Absorber Finance in a passive way. How much do I have to invest and what do I have to do to get the rewards?
i read in your website that you are launching DAO..but DAO is a Smart Contract right?how do you able to resolve some difficulties in Smart Contract?how about the disadvantage of DAO itself?what would be the advantage and disadvantage of implementing DAO in your project?
You complain about gas fees and you are so right. Therefore in Absorber Protocol 10% of each transaction is absorbed which is really a big percent. I saw some numbers related to distribution of this portion but not clear how beneficial it is. Can you please clarify the usage of the absorption and let us know the benefits of farmers and holders? Assuming that non-farmers and non-holders can also be part of your ecosystem, are there any advantages for them or will they just fuel the system?
They are developed on etherium. Assuming etherium 2.0 is not capable of solving gas problems, what plans do you have in mind to avoid this problem?
Do you have any mechanism capable of avoiding token loss? I see with concern that many people often lose their wallet passwords with large amounts of assets.
What percentage of performance is obtained by having ABS?
What are the advantages that Absorber Protocol has over other platforms(competitors)?you say you were different from other project? then in what way developers and Token holders will benefit and make them choose Absorber Protocol over other platforms?
If the liquidity keeps increasing for every transaction, it creates a stable price floor, but if the price dip, wouldn’t be hard to increase the ABS’s price? in this condition, there wouldn’t be a lot of transactions so holders wouldn’t even have a reason to hold, did you consider this problem?
We have heard/seen some information about RFI fork saying they will eventually replace RFI. What is ABS doing to actually do this? other than the liquidity fee providing architecture
Recently you had a partnership with ETHANOL & $ENOL is now the official fuel for Absorber. So what will the holders of $ENOL can earn for trading $ABS? and if the transactions get failed, do you have refunds?
How will Absorber Protocol gives different solution to the some problems that DEFI faces like the ever-increasing gas costs on the Ethereum network ($9.75 in gas fees to claim the rewards, etc.)?
You are about to launch soon the ABS DAO, your main roadmap item. Can you tell us in advance what’s your true vision in this? And also explain why will this allow the community of trader-farmers to decide how the Absorber should function?
Most modifiable democratic systems use DAO voting methods with similar functions and this causes little innovation. What special functions can farmers-traders perform in Absorver Protocol as DAO voters as opposed to voting systems on other platforms?
I need a platform that is self-sufficient in terms of transactions and liquidity funds, but it is like a needle in a haystack. Is it possible that Absorver Protocol can establish contracts that increase the minimum price independently in the transaction processes?
I usually use passive yield agriculture a lot to create multiple sources of income, but with tokens that are constantly updated, it is my security strategy, what is the update period of the platform in relation to your roadmap and how can I use $ ABS the right way when it comes to generating instant rewards?
The first sentence on your website is that Absorber revolutionizes DeFi by solving all its main problems: carpets, insects, hyperinflation, gas costs and impermanent losses… But I think you missed one, and that is its Complexity and Difficult to understand for beginners in the world of cryptology (who will ultimately be your potential future customers). So, this detail is overlooked, or you try to solve it too.
Claim fees are one of the most annoying headaches when we invest in DeFi. You promise zero claim fees, that’s awesome! Please explain to us how you really do this, I want to finish convincing myself that it’s real.
As I read in your documentation there are two mechanisms that are the core of Absorber Protocol… Absorption and Upwards Floor Locking. Can you please explain clearly how these mechanisms work, how they complement each other, and of course how they finally make $ABS a token with great growth potential?
There is no information from the Absorber Protocol team on their website. This makes anyone doubt your promise to be the savior of the sins of DeFi. How long do you plan to remain anonymous?
– A few weeks ago you posted on your twitter that The Ethanol token is now the official fuel of $ABS. My question is really simple but it causes curiosity… Was this always planned within your roadmap? Or was it a door that opened unexpectedly and you decided to take advantage of it? What was the community’s reaction to this association?
What are the core benefits of $ABS?
Pls briefly describe about the Tokenomics of $ABS?
No Claim Fees? The protocol automatically manages the application process so I don’t pay for gas to receive my reward?
Is this because you announced a partnership with Ethanol?
I know this is a money back reward system that has benefits for $ ENOL holders. Have you applied their system to yourself or do your users also need to be a $ ENOL holder to enjoy all the benefits?
I like the fact that we can use your services without gasoline fees but I have read that your protocol automatically manages the claim process, does that mean that Absorver Protocol pays those claims from its own money or does it use a mechanism that avoids these costs to users and for the platform?
Absorver Protocol does not use agricultural contracts or permanent liquidity blocks in its agricultural system but I do not know how advantageous this can be for the financial development of the platform, how does Absorver Protocol do to generate income without the need to use agricultural contracts and what liquidity alternative used by not having permanent locks?
There is a point of performance agriculture that generates many doubts, the fact of having to give up control of my funds. What guarantees me that when I claim my rewards I will not have problems with expenses with gasoline in Absorver Protocol? How does Absorver Protocol avoid generating a low share of agriculture depending on the effects of ETH and gas?
Passive Yield Farming!
Do I just need to have $ ABS in my wallet to receive rewards? What are the rewards calculated from and is there a minimum for keeping $ ABS in the wallet? In what cases are rewards not credited or sent? Is there a penalty system for users?
The cynical consequences of hyperinflation,and gas costs ,decrease and lessen user profits during negotiation moments, Absorber Protocol promises to find the answer or explanations to these problems, What mechanism or tool does Absorver Protocol make use of to guarantee low levels of gas costs and avoid hyperinflation?
According to Absorption grand vision “The absorption protocol must be fully decentralized” How long will it take decentralization to take effect and What advantage will it bring to the community
What is the motive and gain behind the choice of partnering up with Ethanol token over other sectors.
According to UFL, how much yield increase can be generated as Liquidity in the absorption mechanism.
How will users with $ ABS obtain passive income with efficient agriculture and how will the return rate be determined?
Centralized finance monopoly and high gas costs are the biggest challenges, as well as the ability of a contract to freeze funds. How does Absorber provide collective solutions to these problems and especially how to prevent permanent losses?
How does the contract obtain liquidity through absorbed transactions and transfer it to the liquidity pool and reflect it on the base price? How does the self-sustaining system work?
I read from your telegram that Absorber Protocol Presale didn’t go well, can you please explain why is that happen? And what effort did Absorber team try to do to manage this problem?
You say “Absorber revolutionizes DeFi by solving all its major problems”, but does DeFi really have as many problems as you mention? So why don’t most DeFi projects mention their problems? but are they shown as “perfect”?
Is the “floor lock up” similar to the deflationary mechanism used by other projects? Or is it really a totally new mechanism that can only be used by Absorber?
hyperinflation and gas costs are very common in DeFi, most of all in the ERC20 chain, but really all errors are observed in audits and they are fixed, right? Or could DeFi have many other errors despite the projects passing audits?
In their Medium blog they mention that without the community they would probably not exist, it is very flattering, but how do we know that they are not sweetening us by attracting more users and then scamming us? do they have all the legal paperwork and audits to validate their contracts?
What is the amount of tokens required to be part of the DAO community and to be able to vote for the future of Absorber? is that the only requirement?
In the same way that ethanol token was associated to provide other benefits to Absorber protocol, can many more projects continue to partner? Or will it be after March that DAO is fully established?
Could you give us a little more details about your new “Liquidity property of the contract”? It differs from conventional liquidity in that the user’s capital will not remain blocked, thus avoiding being exploited, right?
In your Road Map you say that in Q1 2021 the project enters a totally “decentralized” mode, does that mean that absorbing is currently centralized? and what is missing to achieve the change to Dex?
Tell me how is it possible that the address where the tokens are burned continues to earn a commission and why are there 2 addresses with different amounts indicated in the black hole?
You claim that Absorber is a Decentralized protocol which mean no rug, no lies and full transparency. then can you please tell us the reason why your team is anon? If your project is full transparency, my opinion its better for investor to know the team
The purpose of the ENOL token is cashback for transaction fees or it can generate income for stacking? And is it possible to get ENOL for stacking ABS?
Due to what you will be able to maintain the pressure of buying the ABS token more than the pressure of selling from the received tokens from the profit? If only 1 transaction is made only for the purchase of ABS, and all the rest of the time, tokens without movement will accumulate farming interest. Thus, there is no will to transfer 8% of the absorption and 10% in the locking pool
On your Tokenomics, it said 10% of each transaction is absorbed. What do you mean by “absorbed” ? Is it same like “burn”?
How does yield farming work?
What do a person needs to get started with yield farming?
How can you reduce the risk of violent market crashed?
Yield farm project usually get profit by charge fee for each user who claim reward from that pool, but you said Absorber dont charge fee in their yield farm. So how do you get profit to maintain your platform? Is it from token sale?
You recently had a meme contest. Was it just for your community members? After all, believing that the community should determine all decisions in the Absorber protocol, you gave the right to choose the winners to the community.
What were the conditions for participating in the meme contest and what prizes did the winners receive? And could you show us the prizes (memes)? Very interesting to see.
Do you think In the long run the high taxation will be good for the project ? Since it’s practically negate the possibility to short and swing trade, without these token volume cannot be really high
does the absorber gain by blocking part of the supply itself?
What are the main characteristics of the ABS protocol?
How does the ABS protocol improve the decentralized finance environment and what guarantee does it give the user to make this possible?