Month: January 2021

Hello, Satoshi clubbers and guests of this site. Today we will talk about the BTC Circuit Breaker project.
Their motto is “Giant pump incoming” and Circuit Breaker is a mechanism for panic sales prevention. It connects their tokens algorithmic trading to the general market sentiment reflected the best by a cryptocurrency with the most significant capitalization – BTC.
The AMA took place on January 28 and our guests were @circuitbreakeradmin – representative of BTC Circuit Breaker.

The total reward pool was 750$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Bitcoin Circuit Breaker! Welcome to Satoshi Club😀

D. | Satoshi Club:
Hello all!

D. | Satoshi Club:
Our guest today @circuitbreakeradmin ! Welcome to Satoshi club!

Circuit Breaker:
Hello!

Circuit Breaker:
Thank you for the invitation!

D. | Satoshi Club:
Hello! Welcome! how are you doing?

Mary | Satoshi Club:
Welcome to Satoshi Club 🚀

Circuit Breaker:
Great!

D. | Satoshi Club:
Nice! ready to start AMA?

Circuit Breaker:
I am glad to be here 👌

Circuit Breaker:
Yes! Absolutely.

Mary | Satoshi Club:
Please, could you tell us more about yourself and of course about Bitcoin Circuit Breaker?😀

Circuit Breaker:
We are a team of crypto traders, who are for some time in crypto.

Circuit Breaker:
We always felt that the market needs some instruments to deal with FUD and panic sales.

Mary | Satoshi Club:
Wow! Crypto traders?😀 I think then you know what you’re doing 😉

Circuit Breaker:]
Like last days.

Circuit Breaker:
😜

Circuit Breaker:
We hope so 👌

Mary | Satoshi Club:
Yes, we have such days😂

D. | Satoshi Club:
Did you start with trading? or maybe you began with mining and then switched to trading? ☺️

Circuit Breaker:
We started with trading

Mary | Satoshi Club:
Btw, I didn’t find any info about your team? Are you public?

Circuit Breaker:
Not public yet.

Circuit Breaker:
Thanks for the question, we’ve been waiting for it. It would be much easier and more pleasant to communicate with revealed faces. But there are various reasons why our team is not public mainly related to the location and different jurisdiction of its members. We have consulted with lawyers and therefore do not risk from the point of view of the laws of different countries related to cryptocurrencies, due to the security of the team. Our team did not conduct presales, did not collect money from the community, and we offer an honest token distribution model. Our team compensates for their anonymity with a professional approach to development, as well as the fact that their own funds were frozen. This fact definitely increases the level of trust in the project. At the moment, negotiations are underway with our legal advisers, and as far as possible, the team members will disclose their identities.

Mary | Satoshi Club:
Oh, now I understand 😀 👍

Mary | Satoshi Club:
How many team members do you have?

Circuit Breaker:
4 co-founders.

Mary | Satoshi Club:
Got it😀

Mary | Satoshi Club:
Ok, tell us please about the main concept of Bitcoin Circuit Breaker 🚀

D. | Satoshi Club:
Is it another bitcoin fork? 👀

Circuit Breaker:
The main concept is taken from classic stock market exchanges and it is widely used on stock market exchanges to prevent panic sales. It just halts all trades. So, in the case of our token, we stop (halt) all transfers, when the market goes down (FUD periods). If BTC goes down, our token shouldn’t. That is how we prevent losses.

Circuit Breaker:
Not at all, we just use BTC as an oracle.

D. | Satoshi Club:
Gotcha 👍

D. | Satoshi Club:
Interesting concept.

Mary | Satoshi Club:
Oh, I see such a concept for the first time😎 great idea👍

Circuit Breaker:
BTC is the top coin, which drives the whole market.

Mary | Satoshi Club:
Yes, Bitcoin is a king😉 👑

Circuit Breaker:
Exactly 👌

Mary | Satoshi Club:
Thank you for your introduction 👍 can we start with community questions now? P.s. you can also share useful links first😉

Circuit Breaker:
Link to BTCCB Twitter – BTCCB Twitter (https://twitter.com/btccbtwit)

Circuit Breaker:
Link to BTCCB Community Channel – t.me/btccbchannel

Mary | Satoshi Club:
https://discord.gg/ny23YngA7s

Circuit Breaker:
btccircuitbreaker.finance

Circuit Breaker:
https://t.me/btccbchat

Circuit Breaker:
https://www.dextools.io/app/uniswap/pair-explorer/0xc43eaaf658ffee927a02262a53ea5e7f1473845a

Mary | Satoshi Club:
Giant pump incoming😂 nice moto)

D. | Satoshi Club:
Great! don’t wait Satoshiclubbers, let’s join!

Circuit Breaker:
Sure, you can start with community questions now, please.

D. | Satoshi Club:
Let’s do it!

Mary | Satoshi Club:
Let’s go 🚀

Q1 from Telegram Username @NALiYUWUNTi
Circuit Breaker is a mechanism for panic sales prevention, so how do you spread awareness to token holders about the upcoming market crash so nobody is going to sell? Does your system can also predict whether the market is only a normal correction or a long bearish trend?

Circuit Breaker:
Right now, we have a mechanism, which reacts to sharp sales of BTC, which are most often followed by a gradual decline, but in the future, yes, there are technical analysis figures, which can be corrected by big data analysis and also trading and external news, which can fine-tune the exact mechanism.

Mary | Satoshi Club:
Is your token like a cozy haven to override volatility?

D. | Satoshi Club:
does anyone in crypto also use this mechanism? some other projects?

Circuit Breaker:
Yes, we want it to be such have during panic sales and FUD periods.

Circuit Breaker:
No, we are absolutely the first.

Circuit Breaker:
👌

D. | Satoshi Club:
Nice! 👍

Circuit Breaker:
🚀

Mary | Satoshi Club:
I like havens😂 sea and sun)

Mary | Satoshi Club:
Thank you for your answers!

Mary | Satoshi Club:
Ready to go to the next question?

Circuit Breaker:
🏝

Circuit Breaker:
Yes

Q2 from Telegram Username @Brainchest
Please tell me, what is your algorithm based on and how accurate is the analysis? Do you use the external services Santiment, Glassnode, and their historical data of different indicators, maybe you have yourself historical research of cryptomarket? I ask this because I want to understand how successful or unprofitable my trust and investment in your project will be?

Circuit Breaker:
Right now, we have used our experience to design the conditions for the circuit breaker launch. However, as you can see in our roadmap, the algo trading is expected to manage periods, when token halts and trades, so our goal is to react efficiently to market movements for the benefits of ALL stakeholders, not just those, which are the biggest whales, or those, which are insiders.

Mary | Satoshi Club:
Can you share your roadmap with us?😀

Circuit Breaker:
Our main goal is to develop various oracles and algorithms built into the token.
Here is our whitepaper (roadmap included):
https://btccircuitbreaker.finance/BTCCB_Whitepaper.pdf

Mary | Satoshi Club:
Your roadmap is in Whitepaper, right?

Circuit Breaker:
Yes, that’s right.

Mary | Satoshi Club:
Got it! which period is set for these goals?😉

D. | Satoshi Club:
Lots of oracles😁

Circuit Breaker:
It depends on community support and product demand. Our calculation is 1 year in total.

Mary | Satoshi Club:
Community support?😀 Sure, you will get it🚀

Mary | Satoshi Club:
Ready to proceed?😉

Circuit Breaker:
Sure!

Q3 from Telegram Username @Egory0k
Can you tell us more about Web3 wallet for Bitcoin Circuit Breaker? When it will be available? What makes it unique? Which features it will have?

D. | Satoshi Club:
Not many people know, what is Web3, can you tell a bit about this technology as well?

Circuit Breaker:
Our product is an advanced ERC-20 token, so everyone can interact with it using Ethereum Web3 wallets like MetaMask and exchanges like Uniswap

Circuit Breaker:
Web3 is a collection of libraries that allow you to interact with Ethereum Blockchain
Easier to think of it as a lego for developers

Mary | Satoshi Club:
Yes, it’s easy, but web3 is something new for us😉

Circuit Breaker:
Web3 is the standard that you face every day.
Roughly speaking, every blockchain interaction in Ethereum goes through Web3.

Mary | Satoshi Club:
Oh, so I interact every day😂

Circuit Breaker:
Simply Web3 is internet + blockchain.

Mary | Satoshi Club:
Oh, now it’s clear 👍

Mary | Satoshi Club:
Thanks for the clarifications! Ready to go to the next question?

Circuit Breaker:
For sure.

D. | Satoshi Club:
Let’s go then! 🚀

Q4 from Telegram Username @borysfireball
BTCCB token is associated with hourly movements in the price of BTC. In your White paper, I found a statement that it will be the first token in the ecosystem. So, my question is – which cryptocurrencies will the rest of the tokens associated with? What terms did you establish for your ecosystem development?

Circuit Breaker:
First of all, we plan to use Ethereum as an oracle, but also we consider using some indexes as oracles. For example DeFi pulse index and different synthetic oracles. The terms for ecosystem development are an improvement of the algorithms for price forecasting – that is the main goal.

Mary | Satoshi Club:
So, you will also have a second token?😉

Circuit Breaker:
The ecosystem of tokens, a separate token for each oracle

Circuit Breaker:
BTCCB holders will get priorities in getting other tokens of the ecosystem.

D. | Satoshi Club:
So you will have a galaxy of the tokens😁

Mary | Satoshi Club:
Wow, I like such hints😉

Circuit Breaker:
😜👍

Mary | Satoshi Club:
It’s really nice info👍 ready to go to the next question?🚀

Circuit Breaker:
Go ahead 👌

Q5 from Telegram Username @meml97
It caught my attention that only 13% of your tokenomcs is destined to your Ecosystem. Why did you design that amount to the development of your ecosystem when absolutely all the magic of BTC Circuit Breaker depends on it?

Circuit Breaker:
We consider increasing it according to governance decisions on the forum.

Mary | Satoshi Club:
Do you have a forum?

Circuit Breaker:
Governance forum comes next week.

D. | Satoshi Club:
So your holders have the possibility for proposals?

Mary | Satoshi Club:
Super! So, as I understand governance will also start with it or it will start later?

Circuit Breaker:
It will start with it.

Mary | Satoshi Club:
What can users change and what they won’t be able to vote for?😀

Circuit Breaker:
They can influence project development, adding new tokens and oracles, basically all aspects of the project through voting.

D. | Satoshi Club:
👍

Mary | Satoshi Club:
That’s cool😉 thanks 😊

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

D. | Satoshi Club:
Ready for the last question from part1?

Circuit Breaker:
Yes 👌

Mary | Satoshi Club:
I was first 😂

Q6 from Telegram Username @AmirJosh
Do Circuit Breaker platform already have a partnership ongoing or having negotiations for cooperation from other projects?

Circuit Breaker:
Yes, we are negotiating partnerships with several big projects, which we can’t disclose now. We are an early stage.

Mary | Satoshi Club:
Ok, but we will wait for the news!

Mary | Satoshi Club:
And one last question 😂

Mary | Satoshi Club:
What about the audit?😉

Circuit Breaker:
We have plans to conduct an audit, but this will be after the start of the circuit breaker mechanism and after the launch.

Mary | Satoshi Club:
Nice! We will be waiting for the news from Bitcoin Circuit Breaker 🚀🎉

Mary | Satoshi Club:
Don’t forget to share with us 😉

Circuit Breaker:
👌👍Sure

Part 2 — live questions from the Telegram community

Q1 from Telegram Username @A5loveZ3
Is Staking for BTCCB token available?

Circuit Breaker:
We will launch yield farming exactly as indicated in the whitepaper – in 8 epochs.

Q2 from Telegram Username @DiegoRME
Currently, BTCCB is in uniswap and currently has 2 pools which are BTCCB / ETH and BTCCB / USDC … Do you plan to increase the number of pools?

Circuit Breaker:
Yes, we are going to increase the number of pools. The main focus will be on stablecoin pools.

Q3 from Telegram Username @Xusuo
$BTCCB is not suffering from dumps, it has a self-locking mechanism. So how is this self-lock work in your automated trading system? Is this one of your special features?

Circuit Breaker:
Yes, it is the main special feature. We have a roadmap with a plan to develop different algorithms for the ecosystem. But now, yes, it is the main feature, which we brought from classic stock markets when it is widely used and it is called “circuit breaker”. You can find it on the internet: “
Circuit breakers are temporary measures that halt trading; they are intended to curb panic-selling on U.S. stock exchanges.

Q4 from Telegram Username @BboyForteVZLA
BTCCB is currently listed on DEXTOOLS and UNISWAP but I want to know what are the plans for upcoming listings?

Circuit Breaker:
Yes, we plan to list it on different DEXes and the central exchanges.

Q5 from Telegram Username @tykoon567
How big is the market for this type of product? Is this something consumers want?

Circuit Breaker:
How much is the market for the tokens, which go up faster than down? It is big 😀

Q6 from Telegram Username @BJosefina61
BTCCB is for the long term or short term? Thoughts?

Circuit Breaker:
Yes, of course, it is long term. Our goal is to have a constantly growing token.

Q7 from Telegram Username @JuanSB07
What did you think of today’s AMA? simple question.

Circuit Breaker:
We are very grateful to the Satoshi Club for this AMA and we are very happy to be inside this community. It’s really amazing.

Q8 from Telegram Username @Cryprojulien
Can you list 1-3 killer features of Your Project that makes it ahead of its competitors?

Circuit Breaker:
1. Circuit breaker mechanism is unique and can help algorithmically to hold our tokens and prevent them from going down during FUD periods.
2. We have a rich ecosystem development roadmap.

Q9 from Telegram Username @NALiYUWUNTi
What are the ways of earning $BTCCB? Can I mine it?

Circuit Breaker:
For now, you can buy and hold it, and soon we will launch liquidity mining, I mean yield farming.

Q10 from Telegram Username @topind7
Do you have any Community for non-English speakers or regions that Where English is not spoken well?

Circuit Breaker:
Yes, we have many such national language communities. You can find links to them in our main (English) group.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of BTC Circuit Breaker. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 450$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

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

Our partners:
BTC Circuit Breaker Community: https://t.me/btccbchat

We are pleased to announce our next AMA on February 4th, 2021 at 01:00 PM UTC Time: Satoshi Club x Tidal

⚠️Click to see the hour
⚠️Total Reward pool: $800

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

Part 3: 600$ – A quiz about Tidal

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

We are pleased to announce our next AMA on January 29th 2021 at 05:00 PM UTC Time: Satoshi Club x MyWish

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

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

Part 3: 300$ – A quiz about MyWish

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

We are pleased to announce our next AMA on January 30th, 2021 at 02:00 PM UTC Time: Satoshi Club x Etheruem Push Notification Service (EPNS)

⚠️Click to see the hour
⚠️Total Reward pool: $600

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Etheruem Push Notification Service (EPNS) 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. Etheruem Push Notification Service (EPNS) Team will select 10 questions and answer them.

Part 3: 400$ – A quiz about Etheruem Push Notification Service (EPNS)

For more details:
Etheruem Push Notification Service (EPNS) – @epnsproject
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Dbook platform and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called Dbook platform.
Dbook Platform is a decentralized platform that allows everyone a chance to be in the bookie business, and at the same time, an anonymous and convenient way to bet.

The plan of AMA session:

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

The reward pool is 50DBK

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club and D. | Satoshi Club – @Cool_as_Ice

The Representative of the project:

Rigi – $DBK -telegram nick @RiGi7 – one of the co-founders. 

Introduction of Dbook platform.

Gold rocket | Satoshi club:

Hello, dear Satoshi clubbers!

We are pleased to announce our ama with Dbook😊

D| Satoshi club:

Hello, Satoshi club! Our guest today @rigi7 welcome!

Gold rocket | Satoshi club:

Welcome to Satoshi club, @rigi7

Rigi – $dbk:

Hi, Satoshi club. Thanks for having me here today!

Gold rocket | Satoshi club:

Our ama started a little earlier than planned 😁

D| Satoshi club:

How are you today? Preparing for presale?😉

Rigi – $dbk:

Fortunately, we had everything in place for presale already. But still busy with what’s next after the presale 😂

Hope you guys are having a good weekend as well.

Gold rocket | Satoshi club:

So, what did you want to tell us about yourself and Dbook?

D| Satoshi club:

Yep. You have lots of work after. Let’s begin with a small intro

Rigi – $dbk:

Alright. I’m Rigi from Dbook platform, one of the co-founders. It’s a pity that the other founders can’t join the ama today, but I’ll be here to answer as many questions as I can.

Personally, I’ve been involved with blockchain since 2016. Even though I’m not a developer, but the idea of decentralization inspired me to learn more about blockchain, and smart contracts, and my background as an engineer helps me in innovation and product development. So I’ve been through the mining hype, ICO hype, IEO/STO, and so on. Now, we’re into defi, and everyone should be excited because we’re finally at this phase where we really see what smart contracts can do.

What Dbook platform wants to achieve, is a bit more grounded, as we plan to decentralize the operation of a business, which means decisions and profits will be shared with the community.

The bookmaking business is a business that often eludes people. I’m sure at some point in life, one might wonder, how great would it be if I owned a casino, or even just being a shareholder of one. It’s not easy to get into the bookmaking business on your own, as it requires experience in business management, licenses from the local government, and a lot of money. However, with a decentralized setup, we’re removing the element of regulations placed in different regions. We do not require our users to sign up, provide KYC, and so on, as we cherish our privacy as much as our potential users in the future.

The other element would be the money, which will be difficult as well because investors will need to trust us. Thankfully, in a decentralized setup, we do not require investors to trust me, or my fellow co-founders. All we need to place our trust on the protocol to do the right thing, and if needed, the community will decide on future direction together via voting. 😊

Gold rocket | Satoshi club:

Great experience! 👍

D| Satoshi club:

Yes, it’s an exciting day, some people make lots of money some people do the opposite

Rigi – $dbk:

Well, sometimes the wonderful thing about blockchain isn’t just about making money. But exploring ideas in a decentralized manner, which, many of us here are still new to. That’s the exciting part

Gold rocket | Satoshi club:

It’s a really fun journey into the crypto world.

D| Satoshi club:

Agreed. Great start! Can you please share some info about your team as well? How many people working at the protocol?

Rigi – $dbk:

At this moment our core team strength is at 8. From smart contract DEVs, to developers of our operation and operation management team.

D| Satoshi club:

And all of you decided to be anons? You will not plan to reveal your identity?

Gold rocket | Satoshi club:

Not a very big team. Do you work remotely? Or do you have an office?

Rigi – $dbk:

Our team actually spreads across all continents, ASIA, EUROPE, us, AFRICA. Perhaps we’ll have a Dbookcon someday to meet up 😂

Well, the nature of business for Dbook platform varies across different regions. We’re running a sportsbook operation in a decentralized manner.

Usual operations will require us to have licenses, or KYC, which will require us to do such actions with our clients and investors.

Since Dbook choose to operate in a decentralized manner, we hope that our identity can be protected, like how we’ll protect the identity of our investors and even our customers in the future 😀

D| Satoshi club:

Gotcha.

Gold rocket | Satoshi club:

Everything is clear to me. Ready to jump into community questions?😊🚀

Rigi – $dbk:

Thanks for the warm-up! I’m good to go!

Preselected questions about the Dbook platform DeFi project.

D| Satoshi club:

Thank you for the good intro!

Q1 from telegram user @prince_bhaowalia

I want to learn and understand more about $DBK project but the information is limited, the community relatively seems not filled and less, what strategy does $DBK project team have to develop the community and maintain long-term users?

Rigi – $dbk:

Alright, that’s a tough one. 😂

Actually our medium page https://medium.com/@Dbookplatform/ has all the information that you might need to learn about $dbk.

We’re a very young community, with presale starting in the next few hours 😀

With my prior experiences with other projects, I was involved in. 1 thing I’ve definitely learned was, without application and use cases, any project will lose steam at some point, no matter how high profile the founders or projects can be.

Dbook platform will be positioned as a decentralized business operation, and thus, revenues and profit will be the one that talks the loudest.

We’ll be launching our operation soon, via Dsports bot in telegram. Once revenue starts coming in from our operations, our community will be able to grow organically.

And moving ahead, we’ll have community voting as well to keep the community involved in all major decisions of the platform.

I hope this answers the question 

D| Satoshi club:

So the main focus for you now is a presale? What will happen after? What if you won’t raise enough funds?

Rigi – $dbk:

Well, I would say that the next focus would be to roll out our operation trial as soon as possible 🙂 we can’t worry about things that are out of our control, like the result of the presale.

As far as I’m concerned, the audit will be the utmost priority, so we can launch what we’re creating at the earliest possible time for the community.

We’re not pressured on the result of the presale, because the operation will still be able to launch as according to plan. But of course, with the funds available from presale, it takes some stress from the team, and allow us to do what is the best for Dbook platform and the community //

D| Satoshi club:

Got it! Will you put some of your funds into the project or community should pay for everything? For development, audits, etc

Rigi – $dbk:

The funds raised from presales will be used for: audits, initial liquidity for operations, bug bounty, marketing, and team expenses 😀

The development is taken care of by the team at the start, but as we grow, we’ll need to tap onto the team expenses to expand the dev and operational team.

D| Satoshi club:

Understood, thanks for the answer! Ready for the next question?

Rigi – $dbk:

Let’s go!

D| Satoshi club:

Q2 from telegram user @jmagsss

By your website, it says that $legacydbk will be sold on the presale and the funds raised will be locked in various gnosis safe. What is the purpose of this safe how can users benefit from it?

Rigi – $dbk:

Alright, this is a good one.

D| Satoshi club:

Yes, will be very interesting to know, never heard about gnosis safe.

Rigi – $dbk:

Like many crypto communities these days, one important focus is, will the team rugpull? I’ve had a brief discussion with the community here before the ama started.

Gnosis safe allows us to implement a multi-sig function into the held funds. This means that we can’t withdraw or make use of those funds on our own from the team.

To further make the funds safer, and for the community to feel #SAFU, we’re encouraging our community to nominate fund guardians 😊

Fund guardians have basically trusted influencers or influence leaders from the crypto world. We will allow fund guardians to be holding a multi-sig key as well, to make sure that the team will not be able to extract funds from the gnosis safe without the permission of the community or the fund guardians 😊

Furthermore, we’re an anonymous team, lols. Gnosis safe and fund guardians are probably the best show of good faith we can do for the community

I hope you guys will ask me next about fund guardians 😊

D| Satoshi club:

Oh, so gnosis safe is a firm, now I know 😄  I hope we can trust those guys 😇

Yes, next question about this btw.

Rigi – $dbk:

Jackpot!

Gold rocket | Satoshi club:

You can always share all information with Satoshi clubbers 😉

D| Satoshi club:

So are you talking about this? Https://gnosis-safe.io/

Rigi – $dbk:

Yes, that’s right. In fact, we’ll be publishing the link to our gnosis safe address when the presale starts. So, presale participants and the community will be able to check out what are we doing with the funds😀

There are limitations placed, such as spending limits and so on. I’m sure everyone will be familiar with it very soon 🙂

D| Satoshi club:

Nice! 👍

Gold rocket | Satoshi club:

We are looking forward to updates

D| Satoshi club:

Thank you for the answers! Ready for the third question?

Rigi – $dbk:

Keep em coming 👍

D| Satoshi club:

Q3 from telegram user @hurricanelad

One interesting word I found while reading your medium is fund guardian

Question: who are they, what role do they play in your ecosystem, under what criteria are they selected, and are accounting skills require from someone to qualify to serve as your project fund guardian?

Rigi – $dbk:

Here’s my jackpot!

I’m not sure if this has been done in other projects before, but let me briefly introduce what i envision a fund guardian to be.

Role: to protect the community of Dbook platform from potential malicious attempts from the team, such as rugpulls and so on. The team will be holding 2 keys, 1 for the community decisions, and another for the team for proposals.

We can nominate up to 2 fund guardians to ensure that, the team will not be able to abuse the team and community key for unlocking the funds.

In order to unlock the funds, any of the 2 fund guardians will need to sign the transaction according to the community’s wishes via voting.

Criteria: has to be a verified person, and trusted by the community. All the fund guardian needs to do will be, to check the results of the voting in the community, and make sure to sign the transaction so that the team gets the required funds to get things done.

Also, as mentioned above, if the team goes rogue, without any signature of the fund guardians, the team will not have access to any of the presale funds.

Gold rocket | Satoshi club:

It’s very smart. But we should pray that guardians do not quarrel 😉

Rigi – $dbk:

Well, there really isn’t going to be much to quarrel about. But in case a fund guardian doesn’t respect the community’s wishes, his/her reputation will be tarnished as well. So, it’s fair governance I’d say 😀

The fund guardians will be nominated by the community, and after nomination, a vote of approval will be needed😀

D| Satoshi club:

Very interesting protection system, first time hearing about something like this. But sounds cool

Rigi – $dbk:

Glad to know it’s new, lol. I love innovative ideas that embody the spirit of decentralization

Gold rocket | Satoshi club:

Yes, you have succeeded in innovation! Ready for a new question 😉

Rigi – $dbk:

Yes!

I feel that I can do this whole night, lols

Gold rocket | Satoshi club:

For this, we have gathered: so that you tell as much as possible!👍🚀

Shoot! 🚀 @cool_as_ice

D| Satoshi club:

Next question about another innovation of yours.

Q4 from telegram user @yellowchamp

Following your roadmap, I see that after your pre-sale Dbook will launch a Dsports bot. So, can you share a little idea about this bot on your platform? How does Dsports bot works? How it will be utilized and be important in your platform? What are the advantages and disadvantages of this bot? Thank you

Rigi – $dbk:

That’s a good question.

Dsports bot is a bot/program we’ve created on telegram. It will be the first product developed by Dbook platform.

It will be a lite sportsbook, which allows betting activities of live sports events. Users will be able to fund their wallets with USDT or other accepted stablecoins and proceed to place their bets on the teams they support.

Dsports bot is very important because this will be the first product that will generate revenue for Dbook platform, which will also be distributed to $DBK stakers in the near future.

D| Satoshi club:

Okay, so don’t you think is not safe to store lots of funds in the bot? And who will make this bot? Can we trust them? What if the decision to withdraw all funds from their bot and disappear?

Rigi – $dbk:

The funds will be stored in separate eth wallets for each user. We will implement a consolidation phase on a daily basis, so the funds will go into our distribution pools, and not held by anyone else.

Also, data of operation, such as our profits, will be made available on our website in the near future when the protocol is launched.

The bot/program is designed for users who wants to get some action quickly, without logging into their accounts, or even going to a site and wait for the loading time. We also, will not be conducting KYC on our users as promised earlier.

However, the disadvantage might be that, we won’t be able to support all options available at the launch. So, we might consider launching products for other games in the casino, and definitely increase the capability of the bot moving forward as the community and userbase grow.

D| Satoshi club:

Gotcha. Thanks for the clarifications.

Rigi – $dbk:

Thanks for asking the tough questions so I could have the chance to clarify😀

Gold rocket | Satoshi club:

Waiting for the launch of the protocol! Don’t forget to share with the SatoshiClub😊

Rigi – $dbk:

Definitely, you guys are fantastic!

Gold rocket | Satoshi club:

Satoshi club is a truly amazing place ❤️

Can we proceed to the next question?😊

Rigi – $dbk:

Lets go!

D| Satoshi club:

Q5 from telegram user @pratze

On your medium said Dbook will lock $dbk for 10 years and will release it every week for bounty allocation. For a bounty activity, isn’t this too long to lock for 10 years? Does this mean you will have a bounty event every week? And what kind of bounty that Dbook will give to the community?

Rigi – $dbk:

Alright, seems like you guys are nailing all the great questions!

D| Satoshi club:

We do our best😄

Rigi – $dbk:

By locking up the bounty allocation for 10 years signifies our intention to be here for a very long time. And like any other projects out there, the community is the core of everything, while the founders might not be there for that long.

To ensure the longevity of Dbook platform, the bounty will be slowly released across 10 years so that the community remains active and helpful in bringing the platform to greater heights.

Gold rocket | Satoshi club:

Share Dbook tokenomics with us please btw.

D| Satoshi club:

So we can count on a weekly bounty reward? 😉

Rigi – $dbk:

Yes sure. The total supply possible for $dbk will be 100,000. 20,000 $dbk belongs to the team, which is me. But rest assured, the founders are not claiming for the entire 20,000 $dbk. We’re leaving a cool 85% for future core team members 🙂 this chunk will also be locked in a smart contract which will be audited later. Basically, the team share will be locked for 3 years, and only starts to vest after that, across 7 years. It’ll take me forever to get my shares, lols

The community share will be 25,000 $dbk, to be distributed across 10 years, and the remaining 55,000 $dbk to be sold across multiple crowd sales in the future.

For presale, 10,000 $dbk will be distributed to all presale participants who bought $legacydbk.

We’ve not decided on how to distribute the bounty, but there are plenty of things that Dbook platform requires the help of the community, such as basic marketing, spreading the word, or even facilitating in some of our future operations as we move towards decentralization.

As mentioned in one of the blog posts on medium, we require Dbook platform to grow, so that $dbk stakers can have more profits to be distributed. For our revenue to grow, we have to reach out to non-crypto users who’re privacy-conscious as well. So, we might be rewarding users who can help us with building the bridge!

Gold rocket | Satoshi club:

Sounds good😉

D| Satoshi club:

Thanks! Very detailed answers. Do you wanna add something? @goldrocket27 👀

Gold rocket | Satoshi club:

Do you want to add something? Or we can proceed to the last question of this part😊

D| Satoshi club:

Lol.

Rigi – $dbk:

Wow, we’re at the last one already? Good times sure fly.

Gold rocket | Satoshi club:

Yes! Time in a pleasant company and interesting conversation flew by unnoticed 😁

D| Satoshi club:

Yep, last in this part and 10 in the second 😉

Q6 from telegram user @ovkneze_big

You pretty ghostly painted the upcoming $dbk stacking. As far as I understand, there will be two distinct staking pools. Could you tell us more about this, including the number of Dbk tokens that are provided for these rewards? And, of course, I would like to know about the platforms on which this staking will be available.

Rigi – $dbk:

Alright, saving the toughest for the last. I like you guys @cool_as_ice @goldrocket27

Gold rocket | Satoshi club:

Thank you! It’s mutual! 😊

Rigi – $dbk:

There is a misunderstanding over here I believe.

For staking on our pools, we’ll reward stickers with USDT or other stablecoins accepted in our operations. The profits from our products, like Dsports bot, will be contributed to those pools. So, no $dbk tokens will be rewarded on the staking pool, but USDT and so on.

There will be 2 pools at the start. One for $dbk stakes, and the other, for our liquidity providers, when we list on Uniswap.

Gold rocket | Satoshi club:

Good answer!

Thanks for the clarification! You can share useful links with our community… Or any information you want, before opening live chat.

Rigi – $dbk:

Well, this pretty much sums up most of the questions that the community might have. Especially our exponential rewarding system for $dbk stakes in the future.

Most information will be available on our medium, so please subscribe to it if you wish

Https://medium.com/@Dbookplatform

Our community is pretty lively at @Dbookplatform as well on telegram😀 and I’d love to see nominations on our Twitter as well!

D| Satoshi club:

Will there be no liquidity mining? Only staking?

Rigi – $dbk:

No liquidity mining. Why would we want more $ DBK when some whales can dump on the community later on bad days? Or when the whale decides to do it because he had a bad day 😂

D| Satoshi club:

Got it! Smart move 😁

Rigi – $dbk:

Staking would lead to better price discovery anyway 😀 With the APPs and so on.

D| Satoshi club:

Thank you for the great answers in this part! Ready for the second? We will open chat for 2 minutes

Rigi – $dbk:

Release the Kraken!

Gold rocket | Satoshi club:

It will be powerful! 🚀 😁😁😁

Rigi – $dbk:

I’m holding tight 😏

D| Satoshi club:

You can start to choose questions after we close the chat, so 2 minutes break now for you 😉

Get ready Satoshi club!

PART 2.Questions about the Dbook platform 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 Royal crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 5 DBK.

Q – 1 from a telegram user @Idee01

What’s the difference between $LegacyDBK and $DBK token? What roles and utility does a dual token have in Dbook Ecosystem?

Rigi – $DBK:

Alright.

$LegacyDBK is created for the presale only. It might not be known to most of you yet, but we intend to return unused funds received from our presale to all $LegacyDBK holders.

Since we’ve implemented the mechanisms to ensure that we, the team, will not be able to abuse the raised funds, having any leftovers will be useless, and thus, it’ll be good to return the unused budget to the community that helps us get through the presale😀

More information about the returns can be found here.

https://medium.com/@dbookplatform/legacydbk-presale-13cca8f271c8

Q – 2 from a telegram user @devinac

Hi @RiGi7 , I’ve read the medium and I just feel curious why $DBK will not be launched until the protocol has been audited? Thx.

Rigi – $DBK:

The security of funds and keeping our investors feel assured is very very important for the team.

So, without a respectable audit done and completed, we will not put any funds in jeopardy. We’ve created enough mechanisms to ensure that presale participants can receive their funds back, so, we have no intention to take risks that will jeopardise our investors.

Q – 3 from a telegram user @Tony253210

Dbook says that its objective is to allow users to enjoy the bookmaking industry freely, but some countries don’t allow these practices ( illegal in U.S) so Dbook is a worldwide project or has restricted countries?

Rigi – $DBK:

In fact, many other countries have huge restrictions on this, such as China, India, and many more. One of the reasons why our first product will be developed on Telegram is because, at Dbook Platform, we believe everyone should have their freedom in what they want to do, and that is something the blockchain and decentralized space like Telegram can help us with.

So, we’re not going to place any restriction on our users of DSports or any other products that we have. No matter where you are, as long as you’re able to use stablecoins, you will be able to enjoy the services we provide!

Q – 4 from a telegram user @luckydraw66

Are you afraid of one day having a DBK replication project and wanting to outdo it? Are you prepared for that?

Rigi – $DBK:

Well, that’s the beauty of the decentralized space we share these days. It’ll be healthier having a good competition, and I hope it won’t be some projects that comes and tries to rugpull, or do things for their own selfish benefits.

We’re confident of our abilities, and we’re taking on other companies as well that have strong reputations already in the industry. The only difference will be us doing things differently, and extremely transparent and accountable.

Q – 5 from a telegram user @Pauldaniel1

I am a professional crypto investor. I need to know if the hacker community tries to harm your project to work with your project, are you able to resist it?

Rigi – $DBK:

We cannot promise anything at this point. But as mentioned above, we take security very seriously.

Portions of the presale funds will be allocated for auditing, and bug bounties(up to US$ 250k). We’ll make sure that it’s much more worth it to report potential threats to us, than trying to hack us and hoping to get something out of it.

We’ve also implemented some safety features, such as directly dropping profits to our distribution pools. These features will ensure that we minimize our potential points of failure, and even if a threat occurs, the damage will be minimal.

We’ve also created a treasury smart contract, which enables us to hold funds that will be meant for operations. To release the treasury funds, safety mechanisms have been made in place, such as oracle to check the current profit/loss status of our operation, and only to be called once within a specific time period.

Q – 6 from a telegram user @ShaLiPon

I don’t want to let it happen, but what if the FUND GUARDIAN dies in a sudden manner 😐 who will sign the transaction?

Rigi – $DBK:

That’s why we need to have 2 fund guardians at any one time.

This is so that, at least 1 fund guardian will be available to sign off transactions required.

We can have more than 2 fund guardians, who will be taking turns to take on the role on a weekly basis.

Q – 7 from a telegram user @bitgraile

If I were an investor and I would like to know if investing in Dbook is worth it or not, what 5 main reasons will you tell me as to why Dbook deserves my investments?

Rigi – $DBK:

1. With the design of our protocol, we’re basically removing the benefits of high frequency trading of $DBK, but instead, reward $DBK holders with profits from our sportsbook activities. So, there wouldn’t be pressure of trading, but just collecting profits distributed on a regular basis.

2. With staking and profit distribution in place, our APY will lead to some form of price discovery, which helps us in the price to sell future $DBK tokens. One thing for sure, $DBK will be sold at a much higher price in future. And if needed, that will be a good time for current $DBK holders to sell their $DBK if they wish to.

However, do note that once you do not have any more $DBK, you won’t be able to stake and receive profits anymore.

3. As we raise more funds in future with crowdsales, we will be using those funds for meaningful activities, which will be used to ensure that, our revenue increases greatly and thus, more available profit to be distributed to current $DBK holders. Proposals for future sales will need to be approved by $DBK holders via voting. So if it’s a crap proposal, the community can reject it, and as the founding team, we just need to push harder for everyone.

4. Portions of the profit, will be allocated for team operations, such as salaries and other operational expenses. This will allow us to have a reasonable budget to keep things going, and not just die off somewhere due to the lack of funds.

Q – 8 from a telegram user @Capt_Star1

Rigi – $DBK:

What are your thoughts on the current myth that NFT is the future of DeFi? Do you think it’s viable and do you have plans for tapping into the digital art marketplace?

Rigi – $DBK:

I don’t think this is a myth. NFT started with cryptokitties a few years back, and has seen developed into many authentic usecases.

In fact, the earlier decision to create $LegacyDBK was to make it an NFT instead of an ERC20. However, we do not see the need yet, as we’d like $LegacyDBK holders to participate in early stage voting, and potentially stake their $LegacyDBK so as to receive refunds from the unused funds in presale.

I think we’ll be able to implement NFT for each unique customer in the future for a more decentralized gaming experience. However, the scalability of Ethereum right now is still not at optimum, so, that will be something we’re looking at in the near future with other improvements to the protocol.

Q – 9 from a telegram user @Beterror203

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

Rigi – $DBK:

We’ll be using the presale funds as it comes, so no specific soft cap or hard cap. Our priority will be placed on the auditing, so, I hope we get enough support for that.

Presale can still go on during our operations when we’re generating profits to existing $DBK holders. That will enable the community to see that we’re doing what we’re supposed to, and buy into the presale if it’s still available.

Alternatively, we might choose to destroy/burn the remaining $LegacyDBK tokens if we’ve raised enough money. So, that will mean more profits, for lesser token holders.

Q -10 from a telegram user @baimwong1

Dbook does it also have your own esports team or do you support e-sport events or DBK collaborating with Esports?

Rigi – $DBK:

That is something I have in mind. For our business to grow, marketing will be important, and perhaps one day, we might see the Dbook logo on some competitions on Esports, of even on the major soccer leagues.

But, we have to ensure that, such marketing gimmicks can guarantee results, which will be growth in revenues and profits for all $DBK stackers.

Such proposals will need to be approved by the community. But I hope we can make that happen someday down the road.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Dbook platform. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 40 DBK was distributed between the winners.

Our contacts for more details: 

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

Our Crypto Partner by this AMA: Dbook platform

Telegram group  |  GitHub |  Tweeter  |  Website  |  Medium  

We are pleased to announce our next AMA on January 27th, 2021 at 04:30 PM UTC Time: Satoshi Club x Gourmet Galaxy

⚠️Click to see the hour
⚠️Total Reward pool: $600

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

Part 3: 400$ – A quiz about Gourmet Galaxy

For more details:
Gourmet Galaxy – @gourmetgalaxy_chat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on January 28th 2021 at 04:00 PM UTC Time: Satoshi Club x BTC Circuit Breaker

⚠️Click to see the hour
⚠️Total Reward pool: $750

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join BTC Circuit Breaker Telegram group

We will have the following structure:

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

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

Part 3: 450$ – A quiz about BTC Circuit Breaker

For more details:
BTC Circuit Breaker – @btccbchat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on February 1st 2021 at 01:00 PM UTC Time: Satoshi Club x Razor

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

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

Part 3: 300$ – A quiz about Razor

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

We are pleased to announce our next AMA on January 25th 2021 at 11:30 AM UTC Time: Satoshi Club x Binggo Finance

⚠️Click to see the hour
⚠️Total Reward pool: $800

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

Part 3: 600$ – A quiz about Binggo Finance

For more details:
Binggo Finance – @uniswapbnce
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish