Month: January 2021

Hello, Satoshi clubbers and guests of this site. Today we will talk about the Zero Exchange project. Zero Exchange is a new DEX platform launching soon on the Avalanche Blockchain. The ZERO Exchange Protocol realigns incentives for network participants by introducing revenue sharing and community-driven network effects to the popular AMM model. The AMA took place on January 19 and our guests were @ZeroDex0, @grogu2020, and @ZeroSnowman – representatives of Secret Santa.

The total reward pool was 50000 ZERO and has been splitted in 3 parts.

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

Part 1 — introduction and questions from the Telegram

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Zero Exchange! Welcome to Satoshi Club😀

D. | Satoshi Club:
@zerodex0 @grogu2020 @zerosnowman hello guys! welcome to Satoshi club! 😁

Mary | Satoshi Club:
@zerodex0 @grogu2020 @zerosnowman welcome to Satoshi Club 😀

Baby Yoda:
Hello!

Zero Team:
Hi everyone!

Zero Team:
Happy to be here!!!

Zero Snowman:
Hey everyone!

Mary | Satoshi Club:
Hello, guys! We are happy to see you here today!

Zero Snowman:
Thanks for having us!

Mary | Satoshi Club:
Let’s start our party🚀

Mary | Satoshi Club:
@zerodex0 @grogu2020 @zerosnowman could you please introduce yourself and, of course, Zero Exchange 🚀

Zero Snowman:
We are representatives of Secret Santa.

Zero Team:
HOHOHO!

Zero Team:
We are the team from Zero.Exchange, a new DEX platform launching soon on the Avalanche Blockchain.

Mary | Satoshi Club:
Santa 😂😂😂 so, tell us what will Santa bring us with Zero Exchange?)

Baby Yoda:
The gift of zero* fees, zero finality, zero hassle.

D. | Satoshi Club:
I thought Christmas is over🤔

Zero Snowman:
We started with a snowball, but it’s building into an avalanche.

Zero Team:
Gone are the days of high gas fees!

Zero Team:
And Frontrunning!

D. | Satoshi Club:
Sounds good!

Mary | Satoshi Club:
Gas, fees, and zero seems impossible in one sentence nowadays 🤣

Mary | Satoshi Club:
But I see you found a solution 😉

Zero Team:
This is all made possible by the Avalanche Consensus!

Zero Team:
Trades executed in under 1 second (Zero Finality, Zero Latency, 120x faster than Ethereum)

Mary | Satoshi Club:
I know, that we will have a question about this in our first part 😀

Zero Team:
All with Visa level throughput.

Mary | Satoshi Club:
It’s incredible 💪

Baby Yoda:
How are there Zero Gas fees?
Transaction fees also known as “gas” will be negligible (a few cents based on the price of AVAX) regardless of transaction size – ex. If 1 AVAX costs $4.50, the transaction fee is 4.5 cents.
Is there a Swap fee?
Swap fees on Zero.Exchange is a 0.3% fee which goes to the liquidity providers on the traded pair, this is the incentive.

Baby Yoda:
Avalanche brings Visa-level transaction speeds.

Mary | Satoshi Club:
4.5 cents that is what we need😀

Zero Snowman:
Santa is back at the North Pole after airdropping the initial liquidity to people who signed up to the good list on Christmas. Now we are a decentralized community finding a solution to the insane gas fees of DEXs.

D. | Satoshi Club:
What if AVAX would cost a thousand bucks?

Mary | Satoshi Club:
Santa is very kind this year 😀

Baby Yoda:
470gwei = .00000047
Current cost of AVAX = $13.11
.00000047 * 13.11 = .0000061617
.0000061617 * 120,000 (typical gas usage for a transaction = ~$0.73/transaction

Typical savings over eth of 95-96%

Zero Snowman:
Avax has fixed gas fees that can be configured by the token holders, their evm chain could be reconfigured to lower fees.

D. | Satoshi Club:
Gotcha

Zero Snowman:
I believe they are also working on this.

Mary | Satoshi Club:
They are predictable😉

Baby Yoda:
1,113 transactions totaling $13,666 in Ethereum Gas fees. Those same transactions on ZERO would’ve cost 1,113 transactions * $0.73 or $812.49 – savings of over 94%!

Mary | Satoshi Club:
Very nice numbers

Mary | Satoshi Club:
Thank you, guys, for this almost Christmas intro😀 ready to start with the questions from our community?

Baby Yoda:

Baby Yoda:
Yes

Mary | Satoshi Club:
Where did you get my stats?🤣

Zero Snowman:
Let’s hit the slopes.

D. | Satoshi Club:
Let’s go

Q1 from Telegram user @daviessss
I don’t understand. On your website, all the information says that you’re on Avalanche blockchain, but I saw you on Uniswap as well. Can you clarify how is this possible? You plan to continue functioning on both ETH and Avalanche blockchains or you’ll switch to Avalanche only in the near future?

Zero Team:
gas.wtf

Mary | Satoshi Club:
👍

Zero Team:
So the intention of launching on Uniswap was to allow the community to get involved in Zero before we had our main net launch, participation in our liquidity mining has been incredible, as we just hit $5M in TVL.

Zero Team:
So we wanted to build awareness and excitement in the project, allow the community to participate leading up to our Avalanche launch.

Zero Team:
We did this strictly to disperse the tokens, an unavoidable bi-product of this was that Zero became tradable on Uniswap, but the intention was just to build awareness and allow participation in earning Zero rewards.

Zero Team:
We will be launching on Avalanche soon, yes. Our Uniswap LP mining rewards program will run until the end of the month. Once we launch we will have a similar incentive on Avalanche.

D. | Satoshi Club:
Will you be functioning on both blockchains?

Zero Snowman:
Naturally, we will transition our liquidity over to avalanche as the rewards go live on the avalanche c-chain.

Zero Snowman:
But we aren’t going to force anyone to move over.

Zero Snowman:
Big brains will move themselves 🙂

D. | Satoshi Club:
And when we can expect this?

Zero Team:
We will remain tradable on Uniswap for as long as there is community support for it there, however, I think most people will want to move over to Avalanche for the mining program and because…Zero Fees…

Zero Snowman:
This month.

Zero Team:
SoonTM.

D. | Satoshi Club:
Pretty soon.

Zero Team:
Very soon…

Mary | Satoshi Club:
Is Zero Exchange only one Exchange on Avalanche chain?

Mary | Satoshi Club:
Or you have competitors?

Zero Snowman:
We are the first Uniswap like DEX that exists on Avalanche.

Mary | Satoshi Club:
Wow! It’s a big responsibility to start😀

Zero Snowman:
There are others but there is only one ZERO.

Mary | Satoshi Club:
Yes🤣

Mary | Satoshi Club:
Zero fees😀

Mary | Satoshi Club:
Ready to proceed, guys?😀

Zero Snowman:
You got it, Mary.

Q2 from Telegram user @whoosylady
Zero Exchange is one of the few projects I’ve seen recently that is not built on Ethereum. Tell us please why did you decide to build the project on a blockchain that is not very popular and well known? Don’t you think that using such experimental solutions comes with risks?

Zero Snowman:
With great risks come great rewards.

Zero Team:
It’s not that Avalanche isn’t popular, it’s actually incredibly popular for the short time it has been around. Take ETH or DOT, they have been around 5-10years longer. Avalanche is the new blockchain on the scene, and you are doing to see many new projects, especially DeFi projects built on Avalanche because it is specifically built for the exchange of digital financial assets.

D. | Satoshi Club:
How many projects use Avalanche blockchain presently? do you have such information? I mean if there are no tokens why do we need DEX there?

Baby Yoda:
There is a list of avax projects here: https://www.avalanchelounge.com/

Baby Yoda:
And there are announcements every week from the ava labs team.

Baby Yoda:
We need a dex there to take advantage of the throughput and VM support – the deficiencies in transacting on ETH have made small swaps almost pointless – we do this for the community.

D. | Satoshi Club:
I will check, thanks👍

Mary | Satoshi Club:
The list looks nice😀

Mary | Satoshi Club:
It makes sense 🙂

Mary | Satoshi Club:
Thanks for the answers! Ready for the third question?

Q3 from Telegram user @filippsubzero
Apart form making it faster for the people to use it, what other special features do you consider developing in order to drive the community towards your exchange? After all, successful exchanges like Binance are much more than just exchanges, they developed a full suite of useful products for their users.

Zero Team:
Providing utility for our community has always been a priority, that we have a few partnerships up our sleeves for Q1 and Q2 that will increase the utility of Zero.Echange….Charting features….Limit Orders…

Mary | Satoshi Club:
Btw, do you have a roadmap?😀

Zero Snowman:
Also, we have a rapidly growing community of contributors and bounty programs coming soon through the governance contracts.

Zero Team, [19.01.21 17:59]
Yes, but it is in need of an update…

Zero Team:
So we will have that ready prior to launch along with other documentation.

Mary | Satoshi Club:
Community is the key🚀

Zero Team:
Also….NFT’s anyone?

Mary | Satoshi Club:
Yes, I love them🤣

Zero Team:

Mary | Satoshi Club:
It’s so pretty 😍

Mary | Satoshi Club:
Will these NFTs be on Avalanche chain also?😀

Zero Team:
Yes!

Zero Team:
Avalanche has NFT capabilities built right into their native wallet!

Mary | Satoshi Club:
NFT Marketplace with zero fees?😀

Zero Team:
There are a lot of features built into the Avalanche blockchain which will allow Zero to provide significant value to traders versus what is currently offered on the DEX market.

Baby Yoda:
*tx speed

Mary | Satoshi Club:
Great! So, we are waiting for the news from you😀 sure, you will use Avalanche’s features!

Zero Team:

Mary | Satoshi Club:
And don’t forget to share your updates with Satoshi Club 😉

Mary | Satoshi Club:
Got it😀

Zero Team, [19.01.21 18:05]
https://t.me/ZeroExchangeCommunity

Mary | Satoshi Club:
Thanks, guys! Ready to go to the next question?

Zero Team:
Yes!

D. | Satoshi Club:
Great!

Q4 from Telegram user @bitcoinistic
If you have zero fees, how is your operational budget formed? Where do you take the money to run the exchange?

Zero Team:
We have bootstrapped our entire project ourselves, so each team member has contributed to where we are now. It hasn’t been easy but we felt self-funding the project was the best way to go. Taking community funds changes the dynamic quite a bit, we wanted the community to trust us, and we establish this trust by investing in our own project, not taking other’s money.

Mary | Satoshi Club:
You recently had small sales, is this right?

Zero Snowman:
Not correct!

Zero Team:
We have not raised any funds from the public. At all. Ever.

Mary | Satoshi Club:
Oh, sorry, so – all project for your own money, right?

Baby Yoda:
Zero raised.

Zero Team:
Our project is entirely team funded.

Mary | Satoshi Club:
Lol)

Zero Snowman:
We are fully bootstrapped and did an airdrop to signups on Christmas and it’s just built up naturally from there.

D. | Satoshi Club:
but will have some presale/public sale in the future?

Zero Snowman:
You could say it’s snowballing 😉

Zero Snowman:
No.

D. | Satoshi Club:
Wow!

Zero Snowman:
There is an ongoing liquidity mining program though, so anyone can contribute and earn their piece of ZERO.

Zero Team:
Again, in order to build and establish trust with our community, we will not take in outside capital.

Mary | Satoshi Club:
It’s very good, you really look like a group of Santas😀

Mary | Satoshi Club:
But if the project will grow, you will need more stuff where do you plan to get the money?

Zero Team:
We have a small portion of the token supply dedicated to continuing to grow the platform, the use of which will be dictated by governance proposals voted on by the community.

Mary | Satoshi Club:
Ok, got it😀 Thank you

Mary | Satoshi Club:
Ready to proceed?

Zero Team:
SantaDao

Mary | Satoshi Club, [19.01.21 18:15]
[In reply to Zero Team]
Seems so😀

D. | Satoshi Club:
I think the community would be interesting information about your tokenomics, could you share it?

Zero Team:

D. | Satoshi Club:
Thanks!

Q5 from Telegram user @george_benderos
What’s your strategy for building a lot of liquidity on zero exchange? Liquidity is the king in the defi industry.

Baby Yoda:
We’ve had really great liquidity mining rewards, so far we have bootstrapped to $5m liquidity since our launch over the holidays.
We will be continuing to offer liquidity incentives as we move to avalanche.

Zero Team:

Mary | Satoshi Club:
Guys, good start, I want to say😀

Mary | Satoshi Club:
Btw, what about your current contract audit?😀

Mary | Satoshi Club:
Did Santas make audits?😀

Zero Snowman:
Santa’s elves are very experienced smart contract developers, but just in case…

Baby Yoda:
zokyo.io completed our audit : )

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

Baby Yoda:
https://www.linkedin.com/posts/zokyo_zeroexchange-smart-contract-audit-activity-6756174114521681920-81Jn

Mary | Satoshi Club:
Also, I don’t want to be jk, but can you tell us if Zero Exchange team plans to go public to its community?😀

Baby Yoda:
we are a team of seasoned crypto executives and CEOs, we have no plans to immediately go public – in the future we may.

Mary | Satoshi Club:
Thank you! Definitely will go through it👍

Mary | Satoshi Club:
Got it😉

Mary | Satoshi Club:
Thank you, guys, for your honest answers. Ready to go to the last question from this part?

Zero Snowman:
We saw an opportunity to push the space forward and decided to just do the work and help grow the pie for everyone! Gas fees on ethereum are limiting the growth of DeFi as a whole!

Zero Team:
Sure! let’s do it!

Q6 from Telegram user @surdumiha
You use the term AMM model referring to your community growth model. What does AMM stand for?

Zero Snowman:
AMM stands for the automated market maker, here’s some more info https://blog.zero.exchange/what-is-amm/

Mary | Satoshi Club:
How AMM is connected with community growth?😉 Can you explain it in simple words?

Baby Yoda:
AMM exchanges can exist on their own, but Uniswap is a great example of using a community growth token to encourage participation and more importantly governance.

Mary | Satoshi Club:
Yes, the made the very nice airdrop 😀

Zero Snowman:
Bancor, Kyber Network, 0x, are other examples as well

Baby Yoda:
we combine the best of what Uniswap, and others proved – with the latest, fastest blockchain (AVAX) and our own special DEX features.

Zero Snowman:
No front running, fewer costs, and near-instant finality!

Zero Snowman:
Something that doesn’t exist on the market in a decentralized swap protocol.

Baby Yoda:
No front running bots <— huge

D. | Satoshi Club:
The dream is real 👍

Mary | Satoshi Club:
Sure, if it will work – you will see a lot of users on your platform 👍

D. | Satoshi Club:
And their liquidity

Mary | Satoshi Club:
Thanks, guys, I hope everyone’s dreams will become true🚀

Zero Snowman:
Absolutely, and we are in the final stages so get ready for launch 🙂

Mary | Satoshi Club:
🚀🚀🚀

Mary | Satoshi Club:
And I know that our community is dreaming about live part now🤣

Baby Yoda:
The dream has become a reality.

Zero Team:

Zero Snowman:
Final stages of testing.

Zero Team:

Mary | Satoshi Club:
Looks great 👍

Baby Yoda:
We intentionally kept the User Experience similar to Uniswap for ease of use.

Baby Yoda:
People can start staking and reap the liquidity rewards until the end of the month.

Zero Snowman:
Lots of Santa’s magic happening in the back.

Mary | Satoshi Club:
Santa really wants to give us a lot in 2021😀

Zero Team:
2020 was a tough year.

D. | Satoshi Club:
Let’s hope 2021 will be better 😊 thank you guys for answers and information in this part! ready for the second?

Zero Team:
GOGOGOGO

D. | Satoshi Club, [19.01.21 18:39]
🚀🚀🚀🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Sahinsahinn
Will ZeroExchange act as a bridge between Ethereum and Avalanche?

Baby Yoda:
ERC 20 tokens can be locked, and then minted on Avalanche to produce an ARC20 wrapped version.

Q2 from Telegram user @Beterror203
When I opened the platform I can see that it is very simple and anyone can use it, how does Zero Exchange use security for the people who use it?

Zero Snowman:
Self custody so you control your assets!

Q3 from Telegram user @Splendicity
We combine the best of what Uniswap, and others proved – with the latest, fastest blockchain (AVAX) and our own special DEX features
Just now,you mention the above👆 words. What are these SPECIAL DEX FEATURES?

Zero Snowman:
See my comment below that.

Q4 from Telegram user @Indomiekuy
I see that Zero Exchange already create NFT Zero Pass for your platform, but what is the real use of this NFT in your DEX, Or maybe is it only for collection? And how is the way to get NFT Zero Pass?

Zero Team:
Increased rewards, tiered access to other features on our platform, maybe even special voting rights! Sky is the limit and there are many opportunities to incorporate NFT’s and give them UTILITY.

Q5 from Telegram user @BboyForteVZLA
In addition to the avalanche blockchain network I want to know if you plan to implement other blockchain networks such as BSC or ETH?

Zero Snowman:
We are exploring other options, up to the community ultimately but Polkadot is looking nice

Q6 from Telegram user @lzamg
🌟Currently, there are several DeFi projects coming up that support multi-chain token exchange, in some cases to avoid Ethereum high gas fees. ZERO Exchange is a young project, but I like to know your opinion about this. Would you be open to including multi-chain features on Zero?

Baby Yoda:
We currently support ETH chain and shortly, AVAX chain – and later this year Polkadot.

Q7 from Telegram user @tuvalunia
How is the performance of Avalanche network compared to others?

Zero Team:

Q8 from Telegram user @konditer_rolex
The problem of commissions is as old as the world and the methods of solution are not new. And the interface is copied from Uniswap. All this can be taken ready-made and familiar to users. But where to get liquidity? We will take liquidity from another dex, or you are creating not an aggregator, but a completely independent Decentralized exchange?

Zero Snowman:
There is a liquidity mining program going on to earn a piece of the pie.

Q9 from Telegram user @Garrinepotter
How long does it take for Zero Exchange to become attractive to Traders?

Zero Team:
As long as it takes to realize that you are paying too much for your transactions on ethereum, and often times get front run by bots who steal your profit/alpha.

Q10 from Telegram user @Pratze
On your Twitter, Zero Exchange claims to be Free from Front Running Bots.
btw can you pls explain what is Front Running Bots? And what is the benefit for the user that uses Zero Exchange platform?

Zero Snowman:
Basically, bots that will watch to see what tradespeople want to make then put in a similar transaction with a higher gas fee. So you end up having to pay more since they stole your trade (and they profit by selling to you at a higher price).

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Zero Exchange. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 40000 ZERO.

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:
Zero Exchange Community: https://t.me/ZeroExchangeCommunity

We are pleased to announce our next AMA on January 25th 2021 at 02:00 PM UTC Time: Satoshi Club x BT.finance

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

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

Part 3: 800$ – A quiz about BT.finance

For more details:
BT.finance – @btdotfinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of PolkaBridge project and community questions.

Hello, Satoshi clubbers and guests of this site. Most of you have already heard about Polkadot. Today we have a project that provides the first decentralized bridge between the Polkadot platform and other blockchains.

 With PolkaBridge, you can swap tokens on the DOT platform to tokens on other chains and vice versa. Users will be able to earn by adding liquidity, lending, and more other ways simply.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7 and Gold Rocket | Satoshi Club – @GoldRocket27

The Representative of the project:

Cyclese -@cyclese_polkabridge – Co-Founder of Polkabridge.

Zeph Williams -@zephwilliams – Co-founder of PolkaBridge, also be UX/UI Designer

Introduction of PolkaBridgeproject.

Luis Merino 🇪🇸 | Satoshi Club:

Hello SatoshiClubbers! Welcome to another AMA session with Satoshi Club. Today we have PolkaBridge with us.

@zephwilliams, @cyclese_polkabridge welcome!

Gold Rocket | Satoshi Club:

Hello Satoshi Clubbers!

Greetings @cyclese_polkabridge & @zephwilliams! Welcome to Satoshi Club!

Zeph | Co-Founder PolkaBridge (Never DM First):

Hi, nice to meet you all

Gold Rocket | Satoshi Club:

Thank you for joining!😊

Cyclese | Co-Founder PolkaBridge (Never DM First):

Hi everyone, nice to meet you

Luis Merino 🇪🇸 | Satoshi Club:

How are you today guys?

Zeph | Co-Founder PolkaBridge (Never DM First):

not bad, thank you for the invitation so much

Luis Merino 🇪🇸 | Satoshi Club:

Are your fingers ready for a great AMArathon?

Zeph | Co-Founder PolkaBridge (Never DM First):

lol 😀 sure.

Cyclese | Co-Founder PolkaBridge (Never DM First):

ready now 😀a

Gold Rocket | Satoshi Club:

First, tell us a bit about yourself and your project!😊

Small intro 😊

Cyclese | Co-Founder PolkaBridge (Never DM First):

I’m Cyclese, Co-Founder of Polkabridge

Zeph | Co-Founder PolkaBridge (Never DM First):

I’m Zeph Williams, Co-founder of PolkaBridge, also be UX/UI Designer

Gold Rocket | Satoshi Club:

Very nice! What is Polkabridge?

Zeph | Co-Founder PolkaBridge (Never DM First):

PolkaBridge is a decentralized all-in-one application platform.

One of PolkaBridge’s most noticeable product is PolkaBridge DEX – a decentralized exchange that allows users to swap tokens on Polkadot to other ones on other blockchain platforms without any centralized organizations. In addition, with the smart deflationary farming mechanism, liquidity providers can earn more rewards than they think.

In the future, we will launch Lending, Launchpad, and more, let’s see.

Zeph | Co-Founder PolkaBridge (Never DM First):

It’s enough?

Gold Rocket | Satoshi Club:

This is a promising destination!

If you’re ready we can move on to the community questions! 😊

Zeph | Co-Founder PolkaBridge (Never DM First):

Of course.

Preselected questions about the PolkaBridge DeFi project.

Gold Rocket | Satoshi Club:

Q1 from Telegram Username  @cryptocappex

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 added to meet the dates of the Road map? Thanks

Zeph | Co-Founder PolkaBridge (Never DM First):

These 2 members are just core team, our the actually has more. I think it’s so funny to show it all on our website 😀

Zeph | Co-Founder PolkaBridge (Never DM First):

I’m Senior UX/UI Designer, I have studied Game Art & Design at the University of Brighton, UK.

But now I’m living and working with our team in Singapore.

Cyclese | Co-Founder PolkaBridge (Never DM First):

And I’m Cyclese, from Singapore. I graduated from NUS with a fee bachelor’s degree in computer science.

Before I created PolkaBridge, I was a web and mobile developer with 5 years of experience in a blockchain company.

I participated in investing cryptocurrency market in 2017, so I have so much experience in cryptocurrency investment.

Gold Rocket | Satoshi Club:

Great experience!👍

Do you have an office or do you work remotely?

Luis Merino 🇪🇸 | Satoshi Club:

I’m back. My Telegram crashed. Sorry.

Zeph | Co-Founder PolkaBridge (Never DM First):

Sure, we have a small office in Singapore, that’s the reason I am living here now instead of the UK.

Luis Merino 🇪🇸 | Satoshi Club:

Sounds good! 👏

Zeph | Co-Founder PolkaBridge (Never DM First):

No problem Luis.

Luis Merino 🇪🇸 | Satoshi Club:

Is your company registered in Singapore?

Cyclese | Co-Founder PolkaBridge (Never DM First):

Not yet.

Zeph | Co-Founder PolkaBridge (Never DM First):

Sure in future.

Gold Rocket | Satoshi Club:

Thanks for the answer! Can we proceed to the next question?😊

Cyclese | Co-Founder PolkaBridge (Never DM First):

Yes, ready for it.

Gold Rocket | Satoshi Club:

Q2 from Telegram Username @Boomerang356

Can PBR token be staked in the Polkabridge Blockchain? And how many Validators will be Available?

Zeph | Co-Founder PolkaBridge (Never DM First):

Because of the Deflationary mechanism, we don’t think we need to let tokens be minted by staking now but if users suggested we can consider.

Moreover, some features in the future require users to lock their tokens for validation. Let’s see it together.

Gold Rocket | Satoshi Club:

That is, you are still in the process 😉

Zeph | Co-Founder PolkaBridge (Never DM First):

That’s all Rocket 😂

Luis Merino 🇪🇸 | Satoshi Club:

Btw, I have a question, not related to this, but I’ll shoot it

How does the recent pump of PolkaDot affect your project?

Zeph | Co-Founder PolkaBridge (Never DM First):

Just do it, Luis.

Cyclese | Co-Founder PolkaBridge (Never DM First):

I think it’s very important for us. We will do presale next week, and maybe with DOT pump, we can attract more investors to invest in us😀Because our project is on Polkadot Ecosystem

Zeph | Co-Founder PolkaBridge (Never DM First):

Sure, it makes us feel more self-confident about our ideas, so we decided to start a marketing campaign a month ago.

Luis Merino 🇪🇸 | Satoshi Club:

Maybe you can share with us some info about your pre-sale 😀

Gold Rocket | Satoshi Club:

It would be great!

Cyclese | Co-Founder PolkaBridge (Never DM First):

https://t.me/polkabridge/22

It's what you are waiting, right?
Very excited to announce #PolkaBridge Presale next week 🚀🚀🚀
Guides coming soon, stay tuned!!#Polkadot #presale $DOT $PBR pic.twitter.com/2BDROEJ9zc

— PolkaBridge | Decentralized P2P Exchange is Live🟢 (@realpolkabridge) January 17, 2021

More detail will be soon 😀

Please follow our official channel not to miss anything guys.

Luis Merino 🇪🇸 | Satoshi Club:

Thank you!

Our community will love to do so 😊

Zeph | Co-Founder PolkaBridge (Never DM First):

Excited and channel here @polkabridge

Luis Merino 🇪🇸 | Satoshi Club:

Ready for the next question?

Gold Rocket | Satoshi Club:

Do you want to add something? Or can we jump to the next question?

Zeph | Co-Founder PolkaBridge (Never DM First):

Whenever Luis.

Cyclese | Co-Founder PolkaBridge (Never DM First):

Ask me anything if you can 😀

Gold Rocket | Satoshi Club:

Q3 from Telegram Username  @Winterkom

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?

Zeph | Co-Founder PolkaBridge (Never DM First):

Cyclese’s turn.

Cyclese | Co-Founder PolkaBridge (Never DM First):

As you all know, PolkaBridge DEX is a cross-chain DEX. A token swap between 2 different blockchain platforms needs 2 simultaneous transactions at least.

Example: If you want to swap ETH (on Ethereum) to DOT (on Polkadot), you have to transfer ETH from your wallet to the ETH pool, which will take an amount of ETH as a network fee.

Then, there will be another transaction on DOT to calculate the amount of DOT you will receive. Then, this DOT smart contract will transfer DOT to your wallet.

Just only a large fee on ERC20, the others are so small now.

Luis Merino 🇪🇸 | Satoshi Club:

Btw, another question about your pre-sale guys. How many ETH will be locked for liquidity?

Zeph | Co-Founder PolkaBridge (Never DM First):

60% of fundraised in presale and they will be locked forever.

Luis Merino 🇪🇸 | Satoshi Club:

Got it. And do you have a soft-cap?

Cyclese | Co-Founder PolkaBridge (Never DM First):

Hardcap is 200ETH, no soft-cap.

Luis Merino 🇪🇸 | Satoshi Club:

Maybe these answers will be given in a future announcement, let me know if it’s the case 😉🙏🏻

Zeph | Co-Founder PolkaBridge (Never DM First):

I don’t think we need soft-cap Luis 😂

Luis Merino 🇪🇸 | Satoshi Club:

Thank you! I think we are ready for the next question. Do you want to add something?

Cyclese | Co-Founder PolkaBridge (Never DM First):

Ok ready for the next question.

Gold Rocket | Satoshi Club:

Q4 from Telegram Username  @kripto_mangunkusumo

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.

Zeph | Co-Founder PolkaBridge (Never DM First):

My turn Cyclese 😀

Not important because of the smart deflationary mechanism in our features. Max supply of LINK is 1,000,000,000. And you can see what happened.

We have a proper lock and unlock strategy to control the token price. You can see more in whitepaper.

Luis Merino 🇪🇸 | Satoshi Club:

Btw, all your team is anonymous atm. Do you plan to reveal yourselves in the future?

Zeph | Co-Founder PolkaBridge (Never DM First):

At the same time, with deflationary farming, it will reduce the amount of circulated tokens over time, which will have a very positive effect on the token price in the long term. About Deflationary Farming mechanism, you can see more detail in the whitepaper.

Our project has a lot of ideas to develop, so  I think 1,000,000,000 is not too large.

Luis Merino 🇪🇸 | Satoshi Club:

It mooned 😁 Can you share your whitepaper with us?

Zeph | Co-Founder PolkaBridge (Never DM First):

We are really considering about it Luis.

Cyclese | Co-Founder PolkaBridge (Never DM First):

Yes, after the product release, we will public all information about the team. We want to focus on develop first

Zeph | Co-Founder PolkaBridge (Never DM First):

Sure https://polkabridge.org/assets/docs/whitepaper.pdf

It’s also public on our website

Luis Merino 🇪🇸 | Satoshi Club:

Don’t be shy 😁😁 Thank you!! Got it

Zeph | Co-Founder PolkaBridge (Never DM First):

That’s all.

Gold Rocket | Satoshi Club:

Tell us please about your tokenomics btw😊

Zeph | Co-Founder PolkaBridge (Never DM First):

Luis Merino 🇪🇸 | Satoshi Club:

I love the design of this image, very visual and useful, thank you Zeph.

Zeph | Co-Founder PolkaBridge (Never DM First):

All information about PBR token is public on our website and official media channels. Thanks Luis 😘

Cyclese | Co-Founder PolkaBridge (Never DM First):

He is the best designer 😊

Luis Merino 🇪🇸 | Satoshi Club:

I have no doubts 😁

Ready for Q5? 😊👍 Or do you want to add something else?

Zeph | Co-Founder PolkaBridge (Never DM First):

Next question pls

Gold Rocket | Satoshi Club:

Q5 from Telegram Username  @cengizhantekin

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?

Luis Merino 🇪🇸 | Satoshi Club:

I like this question

Cyclese | Co-Founder PolkaBridge (Never DM First):

let me answer this question.

Zeph | Co-Founder PolkaBridge (Never DM First):

OK your turn Cyclese 😂

Cyclese | Co-Founder PolkaBridge (Never DM First):

I think it’s similar a bit but users want to lock their tokens instead of just holding them. It affects to token price better.

Launchpad is expected to be launched in Q4 2021 or sooner. Of course, we are still focusing on developing Cross-Chain DEX and farming first.

Of course, we will choose the best projects for  Launchpad, like what Binance did  😀

Zeph | Co-Founder PolkaBridge (Never DM First):

Always excited to hear about that.

Gold Rocket | Satoshi Club:

Share more information about farming. What are the conditions, etc?

Zeph | Co-Founder PolkaBridge (Never DM First):

To join in farming, users must add liquidity into our pools on our dApps.

Then, each PBR transaction on the network always attaches a small amount as a fee. About 0.5%

Gold Rocket | Satoshi Club:

By the way, your website says that soon you are planning an external audit of smart contracts.  have you decided who will do it?

Zeph | Co-Founder PolkaBridge (Never DM First):

This fee includes the fund for farmers as a reward (90%) and for burning (10%)

Cyclese | Co-Founder PolkaBridge (Never DM First):

For more information, you can read on our whitepaper, at Deflationary Farming

Zeph | Co-Founder PolkaBridge (Never DM First):

We are considering CertiK and The Arcadia Group

Gold Rocket | Satoshi Club:

Thank you very much for your answers! Can we proceed to the last question of this part?

Zeph | Co-Founder PolkaBridge (Never DM First):

Sure.

Gold Rocket | Satoshi Club:

Q6 from Telegram Username  @NataliyaKil

From January 11, 2021 – February 28, 2021, you are airdrop for your community!

Complete all the following tasks and fill the form to get 50 PBR and 50 PBR for 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?

Zeph | Co-Founder PolkaBridge (Never DM First):

It’s optional, you can fill or not.

But note: it must be a proper user, must do all tasks in form. We take control to eliminate all fraud cases.

And you can ask anyone here for it, I think they can give you 1 billion ones lol 😀 It’s done Rocket.

Luis Merino 🇪🇸 | Satoshi Club:

Can you share the link to your airdrop?

Cyclese | Co-Founder PolkaBridge (Never DM First):

https://forms.gle/ireMmZTWbDYrJXQ7A

Gold Rocket | Satoshi Club:

And also share useful links with our community before the open chat

Zeph | Co-Founder PolkaBridge (Never DM First):

Public at our official channel too.

Zeph | Co-Founder PolkaBridge (Never DM First):

Complete all the following tasks and fill the form to get 50 PBR and 50 PBR for each referral.

Form: https://forms.gle/ireMmZTWbDYrJXQ7A

Time: January 11, 2021 – February 28, 2021

Distributed: April 1, 2021

Claim your own PBR right now!!!

Luis Merino 🇪🇸 | Satoshi Club:

Okay guys, get ready for a huge bunch of questions! Take your umbrellas, storm incoming!! ☔️☔️☔️

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

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

Q – 1 from a telegram user @cengizhantekin

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

Zeph | Co-Founder PolkaBridge :

ERC20 and BEP20 are the most popular platforms, so we are focusing on them, after that, the next one is SLP, TRC20,… Let see!!

Q – 2 from a telegram user @anh1973

Where can I buy/sell and hold PBR? Thx.

Zeph | Co-Founder PolkaBridge:

More information about the presale is coming very soon, after that you can buy it on Uniswap. Stay tuned pls.

Q – 3 from a telegram user @boradam

Do you have any referral system for your community to get some bounties and airdrop?

Zeph | Co-Founder PolkaBridge::

Of course, the Marketing fund in Tokenomics includes it sir.

Q – 4 from a telegram user @Dreamy_genius

There are a lot of fraudulent pools on Uniswap today. Is it possible to completely remove this in PolkaBridge DEX? Do you have a solution to this problem?

Zeph | Co-Founder PolkaBridge::

It’s life, I don’t think anyone can control all, what we can do is providing the best legit projects through our Launchpad.

Q – 5 from a telegram user @azrayeni

What is the reason for locking initial liquidity on Uniswap forever?

Zeph | Co-Founder PolkaBridge::

We will lock liquidity on Uniswap for 1 year, not forever. Ensure that users can trade PBR tokens, and no rug pull.

Q – 6 from a telegram user @stargateeatlantis

Do you plan to burn any tokens after pre-sale is done to ensure the higher token value?

Cyclese | Co-Founder PolkaBrid:

Unsold presale token will be burn.
And as you know, we have Deflationary Farming. So that, the supply of token will be decrease by time.
And in the future , maybe we will buy back and burn token

Q – 7 from a telegram user @Winterkom

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

Zeph | Co-Founder PolkaBridge::

Presale tokens will be unlocked fully after listing on Uniswap, but I don’t think they should sell them immediately.

Q – 8 from a telegram user @lchongthu

You have allocated 20% (20M) tokens for Airdrop.

How are you planning to control the price dump on investors by airdroppers in the listing?

Cyclese | Co-Founder PolkaBridge (Never :

We use only 5% of the marketing fund for Airdrop (about 1M token).
Distributed in April. So I don’t think they can dump too much.
Our project is a long-term investment. so look to the future, not in the short-term.

Q – 9 from a telegram user @Alika061

How much does each transaction in the $PBR farm have a small fee covering anything and can you give a share of the $PBR token in the #Polkabridge tokenomics, then how can I participate in the #Polkabridge pre-sale?

Zeph | Co-Founder PolkaBridge::

0.5% fee attached in each PBR transaction on the network, 90% of this fee will be shared to farmers and the other 10% will be burned. The presale guides will be announced very soon, stay tuned pls.

Q -10 from a telegram user @Tony253210

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

Cyclese | Co-Founder PolkaBridge (Never DM First):

We will support Polkadot first. And after that, we will look to another s blockchain like Binance Smart Chain, Tron, Tezos, Atom.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the PolkaBridge project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

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

Our Crypto Partner by this AMA: PolkaBridge

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  Medium  

We are pleased to announce our next AMA on January 20th, 2021 at 05:00 PM UTC Time: Satoshi Club x Triplex.Network

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

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

Part 3: 300$ – A quiz about Triplex.Network

For more details:
Triplex.Network – @triplex_network_token
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on January 20th 2021 at 02:00 PM UTC Time: Satoshi Club x Morse Network

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

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

Part 3: 300$ – A quiz about Morse Network

For more details:
Morse Network – @MorseNetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Lepricon project and community questions.

Hello, Satoshi clubbers and guests of this site. Our next AMA Session is about a project working to unlock the potential of gaming and non-exchangeable tokens (NFT) in blockchain technology, providing developers with a platform for creating gamified decentralized financial applications (Defi) with a primary focus on the user experience.

Lepricon is a Decentralised Autonomous Organisation (DAO) – an organization represented by rules enshrined in computer code that is transparent and controlled by the network participants and not by a central authority.

It provides developers with an environment in which they can quickly and conveniently launch gamified DeFi products to a vibrant and active community.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

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

The Representative of the project:

Joshua Galloway – @JoshuaGalloway –  CEO of lepriconio. The video games industry veteran – starting in that industry in the USA over 20 years ago. I worked on a lot of AAA titles including some people might recognize such as Max Payne.

Introduction of Lepricon project.

Mary | Satoshi Club:

Hello Satoshi Club! We are happy to announce our AMA session with Lepricon! Welcome to Satoshi Club😀

D| Satoshi Club:

Hello again to all! 👋 @JoshuaGalloway hello! Welcome!

Joshua Galloway:

Hello! Thank you – very happy to be here.

Mary | Satoshi Club:

Hello, Joshua🚀 happy to see you here. How was your day?

Joshua Galloway:

Fantastic. Prepared for this AMA with a steak.

Mary | Satoshi Club:

Great! Let’s start it🚀

First, tell us please more about yourself and how did you start with Lepricon😄

Joshua Galloway:

Ok – about me first then (but not too much)

Mary | Satoshi Club:

As you wish 😉

Joshua Galloway:

I am a video games industry veteran – starting in that industry in the USA over 20 years ago. I worked on a lot of AAA titles including some people might recognize such as Max Payne.

D| Satoshi Club:

Yes, I know that trilogy 🙃cool games!

Mary | Satoshi Club:

Wow, 🚀 veteran sounds really solid 👏 how did you get in blockchain?

Joshua Galloway:

In 2001 I came to Hong Kong to co-found a company that would publish the Asian version of an MMORPG called Shadowbane which was published by Ubisoft in the USA and Europe.

I started a company in Kuala Lumpur next (2004) which offered a pre-valve/steam content distribution platform for internet service providers in SE Asia.

In 2011 I started a company called One Zero, a Hong KOng based agency that represented many game publishers and it was here that I really moved from AAA to the mobile space.

In the 2010s I was starting to see more and more of the blockchain industry – it was becoming obvious that blockchain and gaming were on a collision course (we have barely scratched the surface so far) and so I started looking more closely at Blockchain.

Mary | Satoshi Club:

You’re early adopter then?😄

Joshua Galloway:

In fact, four years ago I became a VP of Business Development at Plutus VC. During this time Plutus managed a US$200 million investment fund. I also incubated a $300 million gold-backed stablecoin.

And this leads me to Lepricon…

Mary | Satoshi Club:

Long and full of events way👍

Joshua Galloway:

I promised not too much !!! 😀 Anyway – Lepricon…

Mary | Satoshi Club:

So, tell us more about Lepricon now😄

Joshua Galloway:

Lepricon is a community-governed and player-owned prediction games platform. It offers four primary channels of activity:

1. You can play games (talk more about that with later questions, I am sure)

 

2. You can stake, swap, and earn from the operating token, L3P
3. It will develop into a peer to peer prediction market. Not at launch, but later in the roadmap. That is very exciting.
4. The final strategy channel concerns NFTs, which will work their way through our user reputation system as well as a strategy for creating valuable collectibles.

Done!

Ok – more questions coming so let’s do this…..

D| Satoshi Club:

Definitely 😉

Mary | Satoshi Club:

A lot of features 🔥

Can we consider Lepricon a young project? For how long is it developing?

Joshua Galloway:

In the blockchain, what is young? !!

If you ask me how long I have been dreaming up Lepricon, I will tell you it goes back several years.

But it really started to take physical form at the beginning of 2020, and the steam has really been building the past four months as a team of people has come together from a huge array of industries (some blockchain, some not).

Mary | Satoshi Club:

You’re right 😂to Thank you, Joshua, for this great introduction!

Ready to start with questions from our community?🚀

Joshua Galloway:

Yes sure.

Preselected questions about the Lepricon project.

D| Satoshi Club:

Q1 from Telegram user @Highpee

777,777,777 L3P tokens are to be created through a Token Generation Event (“TGE”). You have set a hard cap of $3,777,777 and will also offer a 3 months promotional APY of 77.7% for native and exchange staking. Apart from the two Core members (Joshua Galloway: and Stephen Browne), the Lepricon Team is also made up of 7 Advisors. Is like number 7 is a special number for Lepricon. So, what is the significance of 7 in the Lepricon project? Also, with regards to the TGE event, when will it be taking place and how can your community/investors join this event?

D| Satoshi Club:

Lucky number 7

Joshua Galloway:

That’s quite long – give me a short while to digest the question…

Mary | Satoshi Club:

I know one guy, who also likes 7😂

D| Satoshi Club:

Sure!

Joshua Galloway:

Right. Well spotted!

Yes – there is a strong Irish theme in our company, just in case you had not noticed. Stephen, our CMO, and my co-founder are Irish which might have something to do with it.

Mary | Satoshi Club:

We noticed 😉

Joshua Galloway:

The advisors are just a coincidence though I have to say – there are actually other people involved not on the website yet and there are more advisors to be announced.

Mary | Satoshi Club:

The team is growing?😄

D| Satoshi Club:

Magical coincidence 😉

Joshua Galloway:

I should point out the four-leaf clover – that is very lucky for the Irish and sits at the center of our branding.

Yes. For example, we have a CMO! He will be on the website soon – as soon as he gives us the headshot to do it!

Done I think

Mary | Satoshi Club:

Have you ever seen four-leaf clover in real life?😂

Joshua Galloway:

Actually – yes – when I was young growing up in Utah there was a huge clover field across from my house and we used to go hunting for four-leaves as they are lucky.

Done

Mary | Satoshi Club:

So, you’re a lucky person 😂 let’s check your luck with the next question?😉

Joshua Galloway:

I feel honor-bound to say my Irish business partner is luckier than me!!

Mary | Satoshi Club:

Yes?

D| Satoshi Club:

Thank you! good answer!

Q2 from Telegram user @Korryl

Besides a gaming platform, Lepricon also focuses on a prediction market. Can you give an example of what prediction will you give to your client? Is this prediction about the gaming market, trading, or else?

Joshua Galloway:

That is a really good question that I am excited to answer.

Let me answer the question with a little backstory because this is really an important effect of decentralization and the predictions market is one where you see it in a different light than say more traditional finance.

Mary | Satoshi Club:

Of course 😄

Joshua Galloway:

An example of a prediction is this – who will win the next presidential election and the way it works is you say this person will win. And you either get it right or wrong. To place this bet you would go to bookmakers or someone who has a sportsbook. THEY will give you the odds.

In the UK this is huge – people bet on just about everything. One man once bet his three years old would play soccer for Wales before he was 20. Seventeen years later he made 1000-1.

Mary | Satoshi Club:

Yes, it’s how it’s work outside the blockchain 🙂

Wow, never heard about this story

Joshua Galloway:

The important thing here is that there is a central authority. THey make the rules They can turn you down and in some cases try and get out of the bet if things if they are worried they might lose.

Now – enter decentralized prediction markets

D| Satoshi Club:

Awesome! 😄

Joshua Galloway:

Here we are talking about peer to peer pools. One person says – I want to create a liquidity pool around this question… let me think…..

Will Harry divorce Meghan and go back to England before the end of the decade. Now – everyone else can come in and take that bet – it is a yes or no. A binary outcome.

The market sets the price and the return. No central authority can intervene. It is pure. It cannot be contested because it is all underwritten with a smart contract.

That’s really exciting stuff and when we talk about developing prediction markets that is what we are talking about. Done.

Oh – one more thing

D| Satoshi Club:

You will use some oracles for smart contracts, I guess? will it be some famous like Chainlink or something new?

Joshua Galloway:

No – we have not launched yet – late Q2 to launch the platform. Prediction markets are in the roadmap for later.

Mary | Satoshi Club:

And oracles?

Yes, all you told us really exciting 😄

Joshua Galloway:

When you aggregate all that data – the prediction market in totality – it is often one of the most accurate windows into the future. For example, the recent presidential election. The pollsters got it really wrong. The prediction markets were much closer to the actual outcome.

Now done!

Mary | Satoshi Club:

And here I agree with you😄 So, we will be able to place bets using Lepricon platform?

Or we already can?

Got it, we’re waiting 😉I want to place my first bet there🙂

Joshua Galloway:

Ok – ready for the next question.

D| Satoshi Club:

Q3 from Telegram user @johana0012

I understand that you are building a crowdfunding portal specifically for game developers and artists to promote projects and receive funding from the Lepricon community. What are the requirements that users must meet to get early access?

Joshua Galloway:

Let me answer that but begin with some initial info that leads to the answer to that question

We will launch with games that have been developed in close partnership with companies that we know very well. Later, once we see that everything is stable we will open the platform to third-party developers. I come from the gaming industry – game developers are one group of people that I know very well.

All the things that you mention we would like to bring into the Lepricon ecosystem in an orderly manner.

D| Satoshi Club:

As a person who works in the game industry, more than 20 years, could you say, those game developers very excited about blockchain technology? are they see it as a future big thing in the game industry?

Mary | Satoshi Club:

Step by step, agree😄

Joshua Galloway:

As to requirements – it varies – we will have grants for people with the idea but not the means. There will also be third parties with the means to build and this might for example change the economic dynamics between the two parties.

Mary | Satoshi Club:

Can you share your roadmap with us?😄

Joshua Galloway:

I will get to that – let me finish answering 😀

Also as we are progressing towards being a DAO within three years of launch there will be an element of community governance here as well in which games are selected (and proposed for consideration)

Roadmap:

1. The commercial launch of the first game at the end of March
2. Also, launch wallet and staking, etc at about the same time
3.    3. Q2 Polkadot for cross-chain functionality (important for high-speed transactions
4. Q3 Announce Governance model for DAO

This is some of it – is of course evolves in real-time!

Joshua Galloway:

Our deck, available from the website (lepricon.io) will always have updated information.

Yes – they are and if they are not they should be.

Let me give you one example.

If you play World of Warcraft. Or even Cafe World. They have coins. An in-game currency. But it is stored in a database. They can take it away from you if they think you did something wrong. It has no real meaning.

Now…

Imagine instead that coin is on the blockchain. It has value OUTSIDE the game. It can buy things. Now you have a real economy, controlled by the actions of the players. They have real skin in the game – pardon the pun. That is exciting. That is where we are heading.

Done

D| Satoshi Club:

I agree with everything! great example!👍 Thank you for your answer! ready for the next question?

Joshua Galloway:

Yes.

D| Satoshi Club:

Q4 from Telegram user @Arisabela

I’ve noted Lepricon will be incentivizing its community with participation incentives for simply using and joining the platform. How is the payment of these rewards? And where do you get the funds for this incentivization?

Joshua Galloway:

Yes. We will always reward behavior that increases the mobility of the economy – ie increased transactions – or the size of the community or for any of the ways you can participate. The more you use the operating token – L3P – the more you can earn rewards. And reputation. And people with good reputations will be rewarded with other benefits – lower swap fees, higher yields, etc. As to how – if you earn L3P it goes into your wallet. Simple!

One supporting point – the value of the token will be dependent upon the success of the gaming platform. We are not a finance service – we are a company with a gaming product. The more people play – ordinary people, people used to hyper-casual games and in-game transactions – the more this fires up the DeFi opportunities with L3P and thus the greater value is given to the token by the market.

Sorry – forgot to say done.

Mary | Satoshi Club:

😂 I was waiting

Where we can get L3P?

Joshua Galloway:

Ah – now that’s a good question.

Not yet. We are in the ramp-up to launch including the minting of the token. It is a fully ERC-20 compliant token so expect to see it on exchanges. Also, we will announce details of the public sale in due course.

Mary | Satoshi Club:

You will have a public sale 😄 that’s interesting, we will be waiting for updates about this from you🙂

Joshua Galloway:

The moment we can make the announcement I will be sure to let you know.

Mary | Satoshi Club:

Great, we are always here for such news😉

Ready to proceed?

Joshua Galloway:

Sure

D| Satoshi Club:

Q5 from Telegram user @konditer_rolex

The sphere of gambling is not only an adrenaline rush and a test of luck. It is a lot of money, and therefore a feeder for scammers. By placing Dapps on your platform, do you take on some responsibility or check them? Or is everything limited to “Denial of responsibility” for several pages?

Joshua Galloway:

Ok. Let me first say this. Lepricon is real. Very, very real.

Mary | Satoshi Club:

I even can feel this😄

Joshua Galloway:

As to security – all of our smart contracts are pre-audited and everything will be closely monitored. We take and will always take issues like this extremely seriously. We want to build a successful company and a thriving community and a strong brand. We want to be one of the flag bearers that carries interaction with blockchain into new territory, beyond the vibrant but still small (compared to humanity) crypto communities.

So the experience that people have is everything. Everything. And we will do everything we can to make sure the experience is responsible, safe, rewarding, and fun.

Done.

Mary | Satoshi Club:

Are audit reports public?

Joshua Galloway:

Not today but they will be. We aim to operate as transparently as is physically possible.

Mary | Satoshi Club:

Thanks! Sure😄

Joshua Galloway:

All of our smart contracts are actually pre-audited. Things in development have not been audited yet because they are not finished but they will be.

Done.

D| Satoshi Club:

Thank you! ready for the last question from part 1?

Joshua Galloway:

Go for it!

D| Satoshi Club:

Q6 from Telegram user @shabeeb6035

Among some technology key points such as Decentralized Applications, DeFi, and BPoS Blockchain, how far is L3P going in each aspect at the moment? What is your main focus in terms of technology at the moment?

Mary | Satoshi Club:

I understand and I see that you understand the importance of security 😉

Joshua Galloway:

We have a lot of things being developed in parallel.

The gaming platform and the launch games that will come with it

Guiding the token sale through its various stages which is current

The DeFi elements – the wallet, staking, etc

And other things such as marketing strategy development.

There are a lot of things happening in parallel!

Done.

Mary | Satoshi Club:

Thanks, Joshua 🚀 Really exciting times ahead 😄

Joshua Galloway:

Yes – they are – and it is a lot of fun too! I am ready for the avalanche!

Mary | Satoshi Club:

Do you ready to start an exciting live part?😉

D| Satoshi Club:

Thank you for the great answers! first part of our AMA is over! the second part is ahead! @JoshuaGalloway we will open chat for 120 seconds, our community will ask you some questions, after the chat will be closed, kindly select 10 questions from Satoshi club members!

Joshua Galloway:

Ok – go for it.

Mary | Satoshi Club:

Let’s go 🚀

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

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

Q – 1 from a telegram user @Gutike95

The vast majority of projects that develop platforms and Dapps for games and NFT tokens are for entertainment purposes, but can their potential really be exploited even more? How far can NFT’s potential really go?

Joshua Galloway:

I am so happy someone asked about NFTs!

The potential of NFTs is immense and we have barely scratched the surface.

Let’s think about what an NFT is. It is unassailable proof of ownership. More importantly, NFTs are smart. They don’t just exist. They act. They can respond to stimuli. And they can own other NFTs or fungible assets like cryptocurrency.

Being programmable they can do so much. Pretty much everything, I believe, will use NFTs in the future. The deeds to a house will be in NFT form. In fact, with NFTs you can own part of a house. A small part. NFTs will open real estate up to a whole new audience.

That is one example.

For Lepricon – one of the first NFTs you will see will be what we call Genesis – it will be awarded to the earliest adopters who fund the liquidity pools that enable swapping. That NFT will be a very powerful asset within the system.

Q – 2 from a telegram user @smelekin

I see a woman in your team and this is hard to see in DeFi projects. Can you talk about Mrs Amber Urquhart? Thx.

Joshua Galloway:

Hi Amber (she is watching, I think) – I met Amber in 2018 – my co-founder Stephen asked me to go to a crypto event in Hong Kong, being held at a WeWork – Amber was moderating a panel between the CEO of Paxos and the CEO of Bitspark. It was a great panel and we got to know each other there and I knew I wanted her to be part of the team.

If I can find 77 other women like Amber they would all be part of the team too!

Q – 3 from a telegram user @centoscu

Some projects are burning all unsold tokens but you will return them to reserves. Why did you choose this way?

Joshua Galloway:

Our fundamental model is one of buyback and make. It is important that tokens are continuously flushed through the system, there is considerable detail on this in our whitepaper which is available in our white paper at the website (lepricon.io).

Q – 4 from a telegram user @curiosoAMA

Why did they place the project Lepricon and not Lepricon? We are really used to using “coin” not “con”.?

Joshua Galloway:

Lepricon is a play on the word Leprechaun. It’s meant to sound the same when you say it out loud.

The token is called L3P because of Liquidity Pools and Prediction Platforms – L and 3Ps!

Q – 5 from a telegram user @kingcrap5

There are many people who confuse Lepricon as a casino, So can you explain to them why Lepricon is not a casino? What is the difference between Lepricon and Casino?

Joshua Galloway:

We are not a casino. Our games offer a binary outcome which you either get right or wrong. It’s a chance to say you believe this will happen and take a stake in the pool of you are correct. That is a very different type of business to a casino both practically and in legal terms.

Also – we will have a free to play version as well where no assets are at stake.

Q – 6 from a telegram user @KeymerS

Are the gamified games developed by Lepricon compatible with all hardware and software on the market? or do you really require special equipment to enjoy your services?

Joshua Galloway:

The games are available either through a desktop browser or your phone. There will be no special equipment required.

Q – 7 from a telegram user @Chinthaka93

You have mentioned that “Tokens are bought-back and recycled into constant rewards and liquidity”. This is great news for the people who are hoping to invest in LEPRICON. Could you please explain how are you going to do this buyback?

Joshua Galloway:

A significant portion of revenues into Lepricon will be allocated to buy the token back from the open market. The tokens will then be redistributed to staking contracts on the DeFi portion of the platform.

Q – 8 from a telegram @testercoin

I was a huge Max Payne player and fan in my childhood. Do you believe Max Payne can be back with current 3d and blockchain technology?

Joshua Galloway:

Could it be? Yes, and I am sure it would look glorious.

Should it be? Probably not – it was a game of its time I think.

Q – 9 from a telegram user @highpee

You recently announced a partnership with RioDefi,
a public Blockchain (RioChain) which is built on the substrate framework compatible with the PolkaDot network. What will your community stands to benefit from this partnership with RioDefi? Do you intend to leverage on the MANTRA DAO feature of POLKADOT which opens opportunities in lending, staking, decentralized governance, and interoperability? Also, Considering the fact that your token, L3P, will be issued on the Etherium blockchain, is there a possibility for Lepricon to move to the PolkaDot network with this partnership?

Joshua Galloway:

Absolutely. This is why we are partnering with RioDeFi. As a gaming platform we need instant outcomes. We are offering one minute pools, not ten or 15 minutes. Games should be fast. Payouts and withdrawals should be fast. We all know the challenges around that. Our partnership with RioDeFi will allow us to surpass 3000 transactions per second – and seriously reduce the gas fees.

Yes – there will be staking and token ownership implies community membership which invites you to participate in governance. And we know the guys at Mantra DAO very well, by the way.

Q -10 from a telegram user @kripto_mangunkusumo

How can we earn by playing games at Lepricon? Does earning come from selling game tools collection or fighting other players to win battles?

Joshua Galloway:

I am going to answer a slightly bigger question that I think answers yours in the process.

These are the things you will be able to do on the Lepricon platform:

1. Play (games) and win
2. Swap (tokens)
3. Earn (returns and rewards)
4. Collect (NFTs)
5. Fund (game development)
6. Predict

All of these activities can lead to increased holdings of L3P. SAnd system reputation, Some are won, some are earned.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Lepricon project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

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

Our Crypto Partner by this AMA: Lepricon

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  Medium  

A new day and new guests at Satoshi Club with an incredibly interesting history of development and their way to success. And today we would like to tell you about the AMA session with our friends from Absorber Protocol. The AMA took place on January 16 and our guests were Son GokuBg – developer of the ABS token contract and presale contract and Blockchain World – a member of Absorber Protocol who seen the ups, the downs, the scams, the newer rugs, and the development and empty promises that happened through time.

The total reward pool was 600$ and has been splitted in 3 parts.

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

Part 1 — introduction and questions from the Telegram

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Absorber Protocol! Welcome to Satoshi Club😀

D. | Satoshi Club:
Hello all!

D. | Satoshi Club:
@BitBlockchain @SonGokuBg @Lightxz @InvestigatorConnor hello guys!

Son GokuBg:
Hello

Blockchain World:
Hi everyone

D. | Satoshi Club:
Hey hey, welcome to Satoshi club!

Mary | Satoshi Club:
Hello, guys!

Mary | Satoshi Club:
Happy to see you here😀

Blockchain World:
Thank you, good to be here 😉

Mary | Satoshi Club:
@Lightxz @InvestigatorConnor should join Satoshi Club group and i will be able to add them as admins😎

Mary | Satoshi Club:
How are you today?😀

D. | Satoshi Club:
Meanwhile, we can begin with a small intro? 😉

D. | Satoshi Club:
@BitBlockchain @SonGokuBg please guys introduce yourselves and Absorber Protocol 😇

Blockchain World:
Doing alright, focusing in ways to improve the quality of life of this cracked up society that seems like in a neverending vacuum of bad news lately

Mary | Satoshi Club:
Of course! We want to know as much as possible about Absorber Protocol and our today’s guests😀

D. | Satoshi Club:
This is an ambitious task ☺️

Son GokuBg:
I am the developer of the ABS token contract and presale contract. I like to make my contracts as decentralized as possible.

Blockchain World:
I have been in the crypto space since early 2017, seen the ups, the downs, the scams, the newer rugs, and the development and empty promises that happened through time.

Mary | Satoshi Club:
Thank you for making our lives decentralized 😉

Mary | Satoshi Club:
Yes, we all have seen a lot of scams and rugs and I think this has to be stopped one day.

Mary | Satoshi Club:
Whos idea was to create Absorber Protocol?

Blockchain World:
Absorber Protocol strives to offer a stressless way to generate passive income through time, with several balanced economical methods that most projects are afraid to use because of the limitations that will offer for the creators.

Mary | Satoshi Club:
It’s a very interesting concept!

Mary | Satoshi Club:
And you accept limitations for yourself as creators, right?)

Blockchain World:
Yes, as investors ourselves since years ago, it’s unpleasant and stressful at times to see that (for example) there are minted new tokens that dilute the value of your tokens, the thing that was a no-no for Absorber Ecosystem.

Blockchain World:
This obviously by design limits the possible allocated funds for development, which naturally ends up making the project community-driven.

Blockchain World:
On the positive side offers the guarantee of a deflationary unit of value, while at the same time offering the possibility to earn income on your investment without doing anything.

Blockchain World:
In more details…The Absorber protocol is designed to absorb and lock a portion of the circulating supply every single transaction.

Although absorption is volume-based, it is also weight-based. This means it works on a compounding curve, exponentially absorbing the number of tokens in circulation relative to Absorber’s balance which is ever-growing. Every purchase or trade of $ABS creates upwards price pressure.

In the future, there will be a DAO, and the holders of the token will be able to govern it through voting. This will achieve full decentralization according to the originally laid out plans.

Our official community Links :

Official Links:

▪️Website: https://absorber.finance/
▪️Telegram: https://t.me/AbsorberProtocol
▪️Absorber Trading : https://t.me/absorberprice
▪️Discord:
https://discord.gg/MK4s9vDGEY
▪️Twitter: https://twitter.com/DeFi_Absorber
▪️Medium: https://medium.com/@absorberprotocol

D. | Satoshi Club:
👍

D. | Satoshi Club:
Thank you for intro! are you ready to start our AMA session?

Blockchain World:
Anytime.

Blockchain World:

D. | Satoshi Club:
Let’s do it 😁

Q1 from Telegram user @sirdefi
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?

Blockchain World:
Good question, not for a long time, since the code itself gives more warranty and safety than personal identity, for the moment I don’t feel ready to be a public figure, since I don’t have social networks updated and all things associated with it, it might probably take a couple of months, as I’m focusing in offering what matters most, which is a bug-free code thanks to @SonGokuBg and I’m focusing with the little funds available to bring the best results for the ecosystem, you know that one cannot work 24/7 and in crypto space-time is very important, minutes = days.

D. | Satoshi Club:
Okay, you all anons for us, but do you know each other in real life? or you are anons to each other as well?

Mary | Satoshi Club:
So, we should trust code😀 it’s logical. But if I am not tech how i can check this?😀

Blockchain World:
One very good way to know it is to see the Holders list in etherscan, the Liquidity Locked for 1 year, and pay attention to the % amount of locked liquidity in uniswap vs the total ever-existing tokens – the already burnt tokens, this will show a very impressive image worthy more than knowing I’m not Charlie Lee.

Son GokuBg:
Well the project is running from long time without problems.

Mary | Satoshi Club:
Yes, it also a way😉 btw, did you make your contract audit?

Blockchain World:
I personally know Devs that work for several government entities that have checkpoints, no paid audit atm, the code is easy to read, the complex functions that would put it in danger are non-existent and unnecessary here, and the function that would allow minting of new tokens or other dangerous things cannot be found into the smart contract code.

Mary | Satoshi Club:
Got it😀 thank you!

Mary | Satoshi Club:
Ready to proceed?😀

Blockchain World:
As previously stated, all these expenses end up by the community being dumped on wondering why price keep on dropping, anyone who is willing to audit can do it and benefit the community as a whole, nowadays most people are chasing the fastest horse, i did that too and got rug pulled several times.

Blockchain World:
I’m ready

Q2 from Telegram user @Winterkom
– What is the advantage of the partnership between Ethanol and Absorber? Why did the Absorber team decide to reward the ENOL holders?

Blockchain World:
The Advantage is to reduce gas fees, the only issue of the Absorber Protocol, community complains that the gas fees are high, and indeed they are cancer for the whole ethereum ecosystem, and since the Absorber Design is such to reward into the smart contract code, the transaction cost generally more than average projects, which on the positive side gives the incentive to hold, and not scalp,

So by being associated with Ethanol some of the gas fees can be redeemed, for more information you can check them out anytime.

Mary | Satoshi Club:
Do you have numbers?) How many fees already have been redeemed?

Blockchain World:
Since Sharing is caring, usually the ones who have less are the ones who give more, through the partnership, in order to benefit ethanol community as well, we considered it was the right thing to do (don’t to other what you wouldn’t like them to do to yourself)

Blockchain World:
Since it works on an individual wallet, we haven’t built a method to compute it yet.

Mary | Satoshi Club:
Oh, i see😀

Mary | Satoshi Club:
Can you show us on a simple example how this works?

Blockchain World:
Bear in mind that we are under 500k mcap, and no inflationary ever, as i said several times without desire to repeat myself, the funds are tiny, and we are working, on a slower pace, but working to keep building, take into consideration that because the presalers were rushing (as usually happen with the so called investors who want 10x in a day) they forced us to close presale early and not much eth was raised, basically, we are just like 25% above presale price atm, but the floor price have increased massively since then.

Mary | Satoshi Club:
Really? Did you close earlier? How much was raised?😀

Blockchain World:
This is the link to register your wallet to be eligible

https://ethanoltoken.com/app2/register.php?ref=0xB74C715AcA985298B8cED39d7455159367fE7203

After your registered, you need to buy at least 0.1 Ethanol tokens, and keep it in your wallet.

After that just simply buy ABS and you will be airdropped back the fees.

Blockchain World:
349 ETH

https://absorberprotocol.medium.com/ace-absorber-creation-event-9c65bf2b12d0

Mary | Satoshi Club:
Fees will be airdropped back in ETH or ABS?

Mary | Satoshi Club:
🚀🚀🚀

Blockchain World:
The Ethanol Protocol is in charge of that, ABS cant be airdropped since never can be printed more, actually with each sale occurring some portion of ABS gets burned forever, ever-decreasing the total amount of ABS in circulation, while rewarding all token holder proportionally to their holdings.

Mary | Satoshi Club:
Thanks! 👍

Mary | Satoshi Club:
Ready to proceed?😀

Blockchain World:
Of course.

Q3 from Telegram user @AmirJosh
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?

Blockchain World:
It’s a unique concept I know, we actually got copied by several projects, but it’s all hard wired into the smartcontract, that’s the reason why with each buy, the gas fees are higher than average, but not something outrageous unless theres 300 to 600 gwei gas price.

Blockchain World:
Bear in mind, it’s 100% working product, it’s not something in the future, “will be” doesn’t apply here, no empty promises, everything I say it’s in the now, not in the future.

Blockchain World:
For example gas costs now is this.

🚥Ethereum Gas Prices
🛴 Safe Low: 35 Gwei < 30mins
🚗 Normal: 41 GWei <5 min
🏍 Fast: 48 GWei <1 min
🏎 Fastest: 56 GWei 1-2 Blocks
Earn Interest on your Crypto🔥

Mary | Satoshi Club:
Oh, it’s pretty low now😂

Blockchain World:
It costs around 23 USD worth of eth to buy any amount of ABS, when you sell, a 2% of it gets added back to liquidity and locked for 1 year, automatically, all in the smart contract.

Blockchain World:
In a few words, it’s a smart mixture between CORE + RFI, with simpler and cleaner code.

Blockchain World:
That’s how the floor price increases everytime a sell occurs.

Mary | Satoshi Club:
Understand 😄 but look, if in the future problems with gas will be resolved what will happen to $ABS? Will we still need it?

Blockchain World:
That means even if all the tokens holder would sell ABS and 99% of ABS be in uniswap, there would still be lots of ETH in liquidity and price would never drop to 0, add that to the above fscts that it’s not inflationary.

Blockchain World:
ABS doesn’t fix gass issues, ABS its passive staking rewards, one of the safest there is in the crypto space, for all the reasons mentioned.

Blockchain World:
It is indeed a new concept and it requires some DYOR, in order to understand the massive benefits of it, we are looking to migrate to l2 eventually.

Blockchain World:
Where obviously gas costs will be close to nothing.

Mary | Satoshi Club:
Everything seems complex😉

D. | Satoshi Club:
In the future you see that other project somehow can integrate your protocol? is it possible?

Mary | Satoshi Club:
👍

Blockchain World:
Well, because I’m explaining technical details, but tale as example yield farming.

Blockchain World:
In yield farming you need to stake, unstable, claim, all these actions costs gas, besides that the token is locked for certain period of time… Correct?

Mary | Satoshi Club:
Yes)

Mary | Satoshi Club:
I did it and i can confirm 😂

Blockchain World:
In ABS you do yield farming without any of that, without staking costs, without claiming costs, without unstacking costs, without locking time, all is done in real-time automatically in your wallet you can hold ABS in your ledger and increase your amount every day.

Mary | Satoshi Club:
It’s really easy 😉

Blockchain World:
All that with the actual price of a presale, but unless it jumps 10x people is affraid to investigate, to buy, because people generally are a bunch of famous, without offense.

Mary | Satoshi Club:
And what about this?😄

Blockchain World:
Who is smart enough will find sincerity in my words and something else.

Mary | Satoshi Club:
😄

Blockchain World:
It is, actually very simple, since it’s not a working product yet we wouldn’t like to make empty promises like most projects but we are looking to give real world utility to the token beside association with other projects.

D. | Satoshi Club:
Understood👌 thank you for answer! ready for the next question?

Blockchain World:
Anytime.

Q4 from Telegram user @antoni_azx
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?

Blockchain World:
Core gravity is the burn wallet that holds a certain % of the MAX ABS SUPPLY.

Lets say if the actual (weight) size of the burn wallet it’s 20% the ratio of burning is higher compared with 15%

So when let’s say days ago when the burn wallet had 15% of the total supply burned, for each sale, the burn was smaller compared with now, It an acceleration process based on how many tokens are burnt now, other people call it compounding.

I want to make sure you understand, if you dont please let me know

Mary | Satoshi Club, [16.01.21 14:09]
I think I almost understand, but I am that kind of person, who needs to make everything by own hands to understand fully 😂

Blockchain World:
You’re welcome anytime, all of you are.

D. | Satoshi Club:
@antoni_azx do you understand this? let me know in PM 😉😄

Mary | Satoshi Club:
So, let’s go to the next question) if Antoni will reply we can go back to this😉

D. | Satoshi Club:
😄

D. | Satoshi Club:
Thank you for explanation 🤝

Q5 from Telegram user @KathDM
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?

D. | Satoshi Club:
@antoni_azx

Blockchain World:
There are 28k tokens to be unlocked in around 78 days that we wish to be designated for the DAO, the community consensus decides the path, but in the case of a whale attack, we will protect it with identity consensus rather than token volume vote as usually happens in most projects, only if the cases were to occur, if not, and its the community will to drive the project certain way, we will respect that no matter what.

Blockchain World:
Awesome, glad to know that.

Mary | Satoshi Club:
How voting will happen?

Blockchain World:
Through a Decentralized Autonomous Organization (DAO) that is to be built in the near future, we are looking for the perfect way to do it and learning from the failures of other projects, also thinking of the potential flaws as mentioned above.

Mary | Satoshi Club:
That’s clear👍 do you have any timeframes when it will be implemented?

Blockchain World:
Probably around 90 days, to work around the same pace as the tokens unlock time, but it also depends on the community, what would be the incentive for us to do everything with the community doing nothing? We are focusing on bringing together a community of smart good willing people, to make something of great value, as SNX started back in the day, and now are in the top 20
I can say I’m very thankful that we have great community members volutarying, understanding the depths of the projects that joined the community decision-making board, which any of you can join as well, which obviously eventually will receive benefits as well for their hard work.

Mary | Satoshi Club:
Yes, I remember haven😂

Mary | Satoshi Club:
So, let’s wait for what will happen next to Absorber Protocol 👍 we will follow your news!

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

Blockchain World:
Of course.

Q6 from Telegram user @yellowchamp
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 of this strategy of yours? Do you also consider small investors in your platform? What if these 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?

Blockchain World:
I guess no other project does better than us on that since at buying and selling there’s a fee (the fee that is the building block of the automatic yield farming mechanism of the Absorber Protocol) as mentioned above, there is a % of eth and abs that get added back to liquidity once every sell occurs, that’s how the price floor increases, meaning that there will always be worth more the token than before that whale having bought:

Scenario 1: the price is 1 USD and a whale or a couple of whales buy and pump price goes whatever price, let’s say 2.5 USD
When they buy, a certain percentage of their holding gets distributed among all the token holders automatically through the smart contract.

When they sell what they bought, they add back liquidity, so the end price will not be any more than 1 USD, rather be higher than 1 USD, from 1.01 to whatever, based on the metrics of how much they buy obviously.

Mary | Satoshi Club:
Haha, this is a real surprise for some manipulators😂😂😂

Blockchain World:
Scenario 2, a whale buy, then somebody else buys, then whale sells, happens the same as above, the only thing is that the one who is left buying above the whale his entry was not good, we cant do nothing there, he still gets rewards from the sell of the whale but his entry price is higher.

D. | Satoshi Club:
Nicely done, cool mechanism👍

Blockchain World:
At the end of the day, this is trading, theres no other better existent mathematical mechanism in the world, not even in the stock market.

Blockchain World:
If there is, please let me know, I’m serious.

Mary | Satoshi Club:
Sure, we will👍

Part 2 — live questions from the Telegram community

Q1 from Telegram user @stargateeatlantis
I want to try your project but what is the minimum tokens limit?

Blockchain World:
No minimum limit, maybe because of the gas it won’t be feasible to buy 1 ABS since the transaction fee is around 20 USD.

Q2 from Telegram user @alptrader
How generating passive income system works can you explain?

Blockchain World:
I explained above I will go there and tag you.

Q3 from Telegram user @KevSalom
🔥 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.

Blockchain World:
That happens because of the smart contract code, you can just try to buy some keep it in your wallet, and see its value increasing automatically, no time-locked, no need to spend anything else on gas unless you sell, it works flawlessly since inception, you can check the code anytime.

Q4 from Telegram user @adamlike
Can I buy Absorber token, through which payment system?

Blockchain World:
Absorber can be bought only through Uniswap atm, since the Liquidity is added there, and because of the mechanism it’s not much incentive to be listed on centralized exchanges unless there’s an agreement of the exchanges to respect real-time rewards for their users based on the protocol criteria.

Q5 from Telegram user @dumpspump
Did you build Absorber project from scratch or is this project a fork?

Blockchain World:
It’s a mixture of CORE + RFI with simplified code, cleaned and lighter, I guess there’s no scratch code anymore in crypto.

Q6 from Telegram user @Chinthaka93
You have mentioned that “The protocol is designed to absorb and lock a portion of the circulating supply every single transaction”. Could you please explain how are you going to lock a portion of the circulating supply?

Blockchain World:
This is done automatically by the code, no human interaction on that, ETH, and ABS have added back to liquidity automatically in Uniswap.

Q7 from Telegram user @KhaleesiTheCryptoLady
🔥What can you say to the victims of rug pulls particularly in Uniswap? How can we assure that you won’t be one of those rug pulls?

Blockchain World:
Look at the code, look at the token holders, at the whales, there’s no possible way, not even remotely, that this project can rug, all its design is against rug and against high-risk trading, its a slow growth token, the sky is the limit, and the floor is always higher.

Q8 from Telegram user @Ayh406
Very new projects are starting well and being abandoned. How will you be able to maintain your position in the market?

Blockchain World:
Through actions like these, we need quality community, not apes who invest and chase 1 day moons, people who want to be here long term and make a living out of this while teaching the whole world the benefits of this unique concept, many people are without a job and without an income, they end trapped in scams losing all their savings, we want to help them, we want a better world, and that’s why we coded this.

Q9 from Telegram user @btcltcrich
Many of the Core $ABS benefits, such as:

✅ No Contract Interaction
✅ No Claim Fees. Period.
✅ Deflationary
✅ Passive Yield Farming
✅ Self-Sustaining
✅ Democratic & Modifiable
✅ Contract-Owned Liquidity

Of all these benefits, aren’t there any benefits to income $ABS revenue? Examples such as staking programs.

Blockchain World:
All these are benefits to income ABS revenue, they are an automatic staking program, just buy, send to your ledger, and see it growing, nothing else.

Q10 from Telegram user @ronaldo_super
🔥 Can you list 3 good stuff your system has?

Blockchain World:
Gasless rewards, ever-increasing floor price, deflationary token.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Absorber Protocol. They’ve prepared 4 questions for this part. The total reward pool for quiz was 600$.

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:
Absorber Protocol Community: https://t.me/AbsorberProtocol

We are pleased to announce our next AMA on January 22nd, 2021 at 11:00 AM UTC Time: Satoshi Club x Fire Protocol

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

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

Part 3: 400$ – A quiz about Fire Protocol

For more details:
Fire Protocol – @fireprotocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on January 19th 2021 at 03:00 PM UTC Time: Satoshi Club x Zero Exchange

⚠️Click to see the hour
⚠️Total Reward pool: 50000 ZERO

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Zero Exchange Telegram group

We will have the following structure:

Part 1: 5000 ZERO /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: 5000 ZERO/10 users – Open chat for 100 seconds. You can post Max 3 questions. Zero Exchange Team will select 10 questions and answer them.

Part 3: 40000 ZERO – A quiz about Zero Exchange

For more details:
Zero Exchange – @ZeroExchangeCommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on January 22nd 2021 at 02:00 PM UTC Time: Satoshi Club x Phantasma

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

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

Part 3: 600$ – A quiz about Phantasma

For more details:
Phantasma – @phantasma_io
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish