Month: January 2021

PART 1. Introduction of Seascape Network project and community questions.

Hello, Satoshi clubbers and guests of this site. Our next AMA session about the Ultimate Game Platform Designed Around the DeFi & NFT Economy.
These three theses fully characterize this project.: Powered by the Crowns Token, Based on Substrate, Game Across the Chains.

The plan of AMA session:

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

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:

David – Seascape Founder –  The founder and creative director of the Seascape Network

Nicky – @NickyLi-  Co-founder and COO of Seascape Network. Currently leading development of BLOCKLORDS an innovative medieval grand strategy blockchain game, and few other Seascape games.

Introduction of Seascape Network project

Mary | Satoshi Club:

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

D| Satoshi Club:

Hi! 😄 @Transparentz @Nicky Li nice to have you here guys😇 How are you?

Nicky:

Greetings all! Excited to be here!

David – Seascape Founder:

Thank you. It’s great to be here to talk about our project and the future of gaming and DeFi!

Mary | Satoshi Club:

Hello, guys! As we are all here, let’s start the party 🚀

D| Satoshi Club:

Yes, it’s should be interesting! 😊

Nicky:

Let’s do this💪

Mary | Satoshi Club:

Tell us please about yourself and how did you start with Seascape 😀

D| Satoshi Club:

As always let’s start with an intro😇

David – Seascape Founder:

Sure thing! Hey everyone, I’m David, founder and creative director of the Seascape Network. I’ve been a game developer for the last decade working in many established studios such as Paradox Interactive, mainly working on historical strategy games. I started getting involved in blockchain in 2016, first as an investor and later as the creator of BLOCKLORDS, which was the first blockchain strategy game.

David – Seascape Founder:

I started getting involved in blockchain in 2016, first as an investor and later as the creator of BLOCKLORDS, which was the first blockchain strategy game. Since then, we’ve received funding and grants from many major blockchain institutions and protocols, and we are ready to take the next step on our journey by developing the Seascape Network, a game platform designed around the Defi and NFT economies!

Nicky:

Sure! Hello again all, I’m Nicky. Passionate about games and stepped into the Gaming industry in 2014. Experience at established Chinese game studios such as Yoozoo, Forgame, and Moonton. Worked as a project manager, which won the ‘BEST FACEBOOK GAME’ in 2014. It was a huge success and led to very good market performance. Also worked as a designer and operation team leader on, a WW2 strategy game that also won the ‘BEST FACEBOOK GAME’ in 2016.

David – Seascape Founder:

This is a sneak peak of our last game, BLOCKLORDS 🙂 but now our main focus is on the Seascape Network and building the future of gamified DeFi!

Mary | Satoshi Club:

I like your experience 👏 and what you’re doing🚀

D| Satoshi Club:

Cool! Does Seascape Network also focus on strategy games? 😁

Nicky:

Currently leading the development of BLOCKLORDS an innovative medieval grand strategy blockchain game and a few other Seascape games. And also Co-founder and COO of Seascape Network. Personally, I got into crypto because of CryptoKitties. Its success also gives me inspiration about combining the games with blockchain technology, allowing “play and earn” to become the next wave in the industry.

Mary | Satoshi Club:

Really cool intro👍 Seascape should be happy to have such a profit😉

David – Seascape Founder:

Seascape will be a game platform available to all developers interested in adding DeFi and token economics to their games, so it will definitely not be only strategy games. Actually, we plan to launch a series of DeFi inspired mini-games immediately after launch that will be a lot more casual than BLOCKLORDS and focused entirely around DeFi concepts such as liquidity mining, NFT Minting, and staking!

Mary | Satoshi Club:

Oh, I am far from a professional game player, but I like DeFi games😂 Bring them for us🚀

D| Satoshi Club:

Nice diversity👍

Mary | Satoshi Club:

Thank you, guys! Btw, I see you’re not anonymous?😂

David – Seascape Founder:

No, we have actually been working as blockchain game devs in this industry for the last 3 years, and have forged connections and partnerships with teams like Chainlink and MakerDAO. Me and Nicky: also interact regularly with the community, both in AMAs such as this as well as talking directly to our players in our various groups. So we are far from anonymous!

Mary | Satoshi Club:

And that’s great! I really like this😀

D| Satoshi Club:

That’s a good sign for supporters and investors 😄 if you ask me

Mary | Satoshi Club:

Thank you for your great introduction 😉 Ready to go to the questions from our community?🚀🎉

David – Seascape Founder:

Yes, ready!

Preselected questions about the Seascape Network project.

D| Satoshi Club:

Q1 from Telegram user @JesusFre1tes

Seascape has a token release scheduled for early January. What progress have you made so far on this important step? What will be the most important use cases for these tokens? What differences will be noticeable between the common platform tokens and the programmed ones?

Nicky:

Let me take this one 😆

Actually, the release has been pushed out by 1 month, so we are looking at early February for release. Apologies for this mistake in communication.

As far as our progress, we are on track in all aspects. We have received funding from some major institutions (more news on that soon), we have developed not only BLOCKLORDS, but the first strategy game ever made, development on our DeFi games has also been going great and they will be released quickly after launch, our smart contracts have been audited and verified by some top companies in the security field, and we are looking seriously into L2 solutions to scale from Ethereum, most notably Binance Smart Chain and Polkadot.

D| Satoshi Club:

Nice, lots of work done already😀

Nicky:

We have also partnered with great companies such as Chainlink, MakerDAO, and many more to help leverage the full power of the blockchain ecosystem for ourselves and our users. And last but not least, we have partnered with some top-tier marketing agencies to help us get the word about our products to as many people as possible! Launching a brand new platform is no easy task, but we are ready for this exciting challenge and have prepared for it for over a year now!

Mary | Satoshi Club:

Yes, the list of your partners is pleasing😉

Wish you a successful Launch 🚀

Nicky:

Hope I answered this question well. 🤗

D| Satoshi Club:

Great answer 😄

Mary | Satoshi Club:

How you will distribute your tokens?

D| Satoshi Club:

And what will be the use cases for the token?

David – Seascape Founder:

We are planning to have a very limited public sale in a few weeks, that will allow the community to invest in the project. This is being hosted by one of the top public sale platforms in the space. Once that is completed, there will be a token generation event on Uniswap and other undisclosed exchanges where a limited amount of liquidity will be added to the market. This, along with our in-game incentives for our early users will be the main way the token is distributed at the platform launch!

Mary | Satoshi Club:

That is what I am waiting for 😂

Nicky:

There will be many ways to use and earn Crowns.

After Seascape official launch, of course, everyone can buy Crowns on Uniswap. Then soon after launch, we will begin to release 3 DeFi Games, which will allow players to stake LP tokens to earn more Crowns; Spend Crowns to get Seascape NFTs, and Stake Seascape NFTs to get more Crowns rewards.

D| Satoshi Club:

Ok cool! thank you for the answers guys! 👌 Ready for the next question?

David – Seascape Founder:

Yeah ready!

Nicky:

There are more Seascapes games we are working on and gonna be released during this year, and Crowns will be the core currency to spend and earn as rewards inside of these games.

Yeah ready.

D| Satoshi Club:

Q2 from Telegram user @De_rick_Abra_ham

If a user wants to claim Crowns, he needs to burn NFTs. Also, to create new NFTs, he will have to spend Crowns which are then rebased. Does that mean we can’t hold Crowns and NFTs together? How actually this works?

David – Seascape Founder:

Of course, he can hold both! This is decentralized technology after all and we cannot control what you have in your wallet. What we mean by this is that once the platform is launched we will release a series of games inspired by DeFi mechanics.

Let me try with some specific examples. In the game called NFT BRAWL, users have the option to spend Crowns to get an NFT of random quality. In this game, any player can choose to spend any amount they wish to mint NFTs. These Crowns will be locked up in the community pool to be later redistributed to holders via our Paywave system. This is one of the many options users will have to spend Crowns on the Seascape platform. But how or when Crowns are spent is entirely up to the user.

In another example, the NFT staking game, which is named STAKING SALOON, works in a similar fashion. A user can stake an NFT and start earning Crowns. The APY will be significant in size. But the catch here is that to claim the Crowns, the NFT will be burnt. Meaning that the user will have to make a decision: “Do I claim now and lose my NFTs to get the reward?” or “Do I wait until the end of the event to get the maximum amount of rewards?” This will make users think twice before claiming their rewards, which is what we wanted.

But of course, this is only possible if you have staked your NFT inside the game. And outside of the games, you are free to own as many Crowns or NFTs as you wish without the risk of them being burned! Hope that makes it clear.

Mary | Satoshi Club:

They will be able to mint NFT for a random amount of Crowns and no one will know which NFT he will get?) It’s like some kind of lottery, right?)

David – Seascape Founder:

Yes, the odds will vary depending on the amount of CWS spent. We have developed a provably fair system for this and the success rates will also be clearly displayed in the game as well so the player can make the decision with the best-earning potential!

Different NFTs will vary in type, character, scarcity, and quality. This will definitely impact the APY earned in the staking saloon, and should create a good secondary market for NFTs on exchanges such as Opensea and Rarible.

Btw this is all exclusive info we haven’t shared in other groups!

Mary | Satoshi Club:

Do you plan your own NFT Marketplace?)

D| Satoshi Club:

Awesome! you did choose the right place for this😄thank you!

Mary | Satoshi Club:

We like exclusive here😉🎉

Nicky:

In the long term, yes. Because we are also exploring cross-chain NFT trading and will try something on Polkadot. But in the short term, we just want to adapt the most popular NFT standard and reach as many users as we can. And we also have partnership with Opensea, so in the beginning, we encourage our players to trade there freely.

Mary | Satoshi Club:

You have so many plans and they are so complex😉 sure, you have very good investors to realize everything you want.

Mary | Satoshi Club:

Can you tell us a bit about them?

D| Satoshi Club:

Do have plans to integrate your own token in Opensea market? for people who want to buy NFTs for your currency? to be honest, I’m not sure if it possible, but I’ve heard rumors about this possibility😄

David – Seascape Founder:

Absolutely, over the last year, we have received support, advice, and capital from a number of great institutions that are well-known in the blockchain space and have helped bring many projects to huge success. LD Capital, Spark Digital, and TRGC are a few of the investors we’ve had that have provided us with tons of valuable advice and connections that have taken us to unimagined heights!

Also, this is another group exclusive, but we have recently been backed by a major exchange. We cannot release specific details yet, but I guarantee it will make our early adopters very happy when they hear the news!

Mary | Satoshi Club:

News soon?😉

Nicky:

Yep,😁 Next week.

Mary | Satoshi Club:

Sure, Satoshi Club will be among the first you will share this news with, right?😀

David – Seascape Founder:

Of course, you will be the first to know!

Nicky:

Absolutely!

Mary | Satoshi Club:

Thank you for your answers 👍 Ready to proceed or you want to add something?

Nicky:

Ready, let’s do the next question.

D| Satoshi Club:

Q3 from Telegram user @Korryl

Seascape Network using Rebasing Mechanism, as I know there is so much project already used this mechanism. So what is the specialty that Seascape projects as a project who using Rebase Mechanism?

David – Seascape Founder:

Actually, our rebasing mechanic has been rebranded to the PayWave, which is a unique way to redistribute profits from our games and directly to our token holders. This is done entirely via the token smart contract and we believe it will be a great way to make the holders feel like they are truly a part of the Seascape Ecosystem.

Nicky:

Yeah, like David said. Just let me also explain a bit more here, the PayWave mechanic will use tokens spent not only in BLOCKLORDS but in all games in the Seascape ecosystem. The incentives for using the Crowns in games will vary depending on the game or the user. In the DeFi games, Crowns will have to be spent or invested to earn better returns or to mint NFTs. In more traditional games like BLOCKLORDS, they will be spent to acquire in-game currencies, items, or armies, which will make players more powerful.

At the core, the idea is simple. Incentivize users to spend Crowns by providing excellent games where spending could prove to be very profitable to the user.

Mary | Satoshi Club:

Ok. As I know in rebase projects amount of tokens which person holds in his wallet can change because of rebase happens. Will it be the same with Crowns?

Or a person should perform some action?

David – Seascape Founder:

Crowns will never be removed from your balance. They can be added when a PayWave is triggered, but that is it 🙂 it can only be a positive change. And the good part is that we are not creating new tokens to make this happen. Only the tokens that were spent in-game are redistributed!

Mary | Satoshi Club:

Oh, that’s clear! Thank you 😀 I like positive changes 😂

D| Satoshi Club:

This PayWave mechanism will be work on exchanges? if the user holds tokens on CEX he or she also could get profit from redistribution?

David – Seascape Founder:

This will have to be worked out with each exchange individually, but it is implemented directly in the token smart contract so there is no reason this shouldn’t be implemented directly in exchanges. We have tested it out for users with their tokens in liquidity pools, and this has not been an issue at all.

D| Satoshi Club:

Gotcha 👍 Thanks for the answers! next question is ready…

Q4 from Telegram user @shabeeb6035

Seascape wants to keep all the assets connected to the big chains like ETH, regarding the next ETH 2.0 release, what are your expectations, do you think this will benefit your project?

Nicky:

Most definitely! ETH 2.0 is going slow but it is getting better every single day. We have developed a lot of smart contract protocols but so far Ethereum is still unrivaled, both in quality, user acquisition, and value. As a creator of products, this is something we need to always keep in mind if we want to attract users. We have to build where the users are!

Layer 2 solutions have a lot of potentials, as do bridge protocols, but as long as Ethereum is king we will be sure to be connected to it with all of our products so that users can quickly monetize their assets instead of being stuck somewhere with no buyers. We expect ETH 2.0 will accelerate the growth of blockchain in general as it will provide more scalability and we will be there to offer DeFi gaming to anyone interested in that ecosystem.

D| Satoshi Club:

So liquidity is the most important aspect😉

Mary | Satoshi Club:

Yes, users are, but we’re really crying because of fees. And I wonder why no one us talking about the fact that users have to pay for l2 usage😂

David – Seascape Founder:

Yes, and the transfer to and from eth needs to be paid as well. There are a lot of issues to be solved with layer 2 still, and we are hoping to solve some of them ourselves, especially on the user experience side.

David – Seascape Founder:

We will definitely launch layer 2 solutions with no fees 🙂 but it’s important they are connected to eth where all the liquidity currently is.

Mary | Satoshi Club:

No fees? But once we will need to pay, right?

Mary | Satoshi Club:

This would be great💪 Sure, your users will appreciate your efforts 😉 And the next question is waiting for you😉 ready for it?

David – Seascape Founder:

Yup, ready

D| Satoshi Club:

Q5 from Telegram user @konditer_rolex

Player-Created-Coins will allow users and game developers to create their own in-game currencies. How can these currencies be backed up? Is it theoretically possible that these in-game currencies could be used for fraudulent purposes? Will it be possible to peg PCC to real currencies?

David – Seascape Founder:

Our plan is to build an in-game system similar to what MakerDAO is doing with the DAI stablecoin. The idea is that users will use Crowns (and possibly Seascape NFTs) as collateral when they issue their new coin. In this way, we can guarantee a set value for the newly minted token based on the underlying value of the Crowns that are backing it. In this way, the PCCs will be pegged to the real value of the market as long as Crown’s trading volume and value are stable.

Mary | Satoshi Club:

Smart move 😉

David – Seascape Founder:

By gamifying the PCC process, we will make it much easier and fun to actually create your own token, without the need to learn smart contract development. This will be a powerful tool for game developers, and also a possible mechanic directly within the games. Something we will explore with BLOCKLORDS.

Mary | Satoshi Club:

Will be it expensive?

D| Satoshi Club:

Good question😉

David – Seascape Founder:

Not necessarily. Similar to how a MakerDAO vault can be created with 10 dollars in ETH, we will not place huge restrictions on the amount of tokens required to create a PCC. The user just has to figure out a model that works for them!

Mary | Satoshi Club:

It’s great 🎉 every game will have its own kingdom 😂

D| Satoshi Club:

With its own currency

Mary | Satoshi Club:

Yes😉

David – Seascape Founder:

Exactly, when you control the coin, you are the true king!

D| Satoshi Club:

Thank you, guys! and the last question for you in this part…

David – Seascape Founder:

And will be able to tax that coin as well of course. Yes, ready!

D| Satoshi Club:

Q6 from Telegram user @johana0012

Each player who owns Crowns will receive a weekly pass drop. On the basis that they calculate the percentage of what each player will receive? Are they the same for all of them or are there any passing differences?

Nicky:

The Paywave distribution is calculated based on the weight of the tokens you hold.  So the more you hold the Crowns, the more Paywave distribution you will get.

Mary | Satoshi Club:

Do you have any articles explaining this?

How many tokens will be in circulation at the start? after the launch

Nicky:

As mentioned in the answer to the previous question, our token holder will always get a positive reward. And for sure, we will release articles explaining all details about Paywave, including formulas and what’s gonna be the distribution milestones.

Mary | Satoshi Club:

Great👍

Mary | Satoshi Club:

Ready for the part of the live question?

David – Seascape Founder:

The initial supply at launch will be very tight. In total it will be fewer than 600k tokens that are fully unlocked at launch. With all the news and announcements and products we have locked up, it is going to be a wild ride! The remaining tokens will be released very slowly over the course of the next 5-10 years.

Yes, let’s do the community questions!

Mary | Satoshi Club:

Let’s go 🚀

PART 2.Questions about the Seascape Network 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 Seascape Network 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 @gerybodag

What do you think about other projects with NFT concepts, such as Enjin, Decentraland, and DEGO? Does Seascape currently have plans to cooperate with other NFT projects?

David – Seascape Founder:

here is definitely a lot of room for cooperation with other NFT projects. As Nicky mentioned we are already partnered with Opensea who is at the heart of the NFT collectible space, and we plan to do several integrations with other NFT projects, incorporating them directly into our games. I do not have any specific partnerships to announce yet but it is something we are looking at very closely.

Q – 2 from a telegram user @Baby_Crypto

How can I earn NFT tokens on the Seascape platform? Will I be able to buy or sell Seascape NFT on Opensea or just on your platform? Thx.

David – Seascape Founder:

As previously mentioned, the NFTs will be minted directly by you users in the NFT BRAWL game. This will be the main way of minting the tokens and anyone can do it when we have game events running live. Those who mint the NFTs will be able to sell them on Opensea or other exchanges if they wish or stake them directly in the STAKING SALOON game if they prefer to get the CWS rewards themselves.

Q – 3 from a telegram user @Calebkure

How well would you spread awareness of$morpheus lab escpially where their native languages are not same as yours?

David – Seascape Founder:

Our games are going to be localized in a multitude of languages directly at launch. This will be the first step of reaching as many communities as possible. We will also establish various groups in all major languages to make sure all our followers have good customer service channels to join if they need any help with the projects whatsoever.

Q – 4 from a telegram user @apocan99

Can you provide some information about ICE Viaduct, what is the role of it in the Seascape platform?

Nicky:

Since we are also developing on Polkadot, we need a Bridge that serves to link with other chains and achieve cross-chain function, we call it ICE Viaduct.
The viaduct serves as the Seascape platform’s connection to the outside world. It will be able to connect to a variety of Polkadot parachains, as well as other established protocols such as Ethereum, Algorand, and more.
By letting our games and the store platform work as a hub connected to the entire decentralized economy, we do not lock users in and allow them to migrate their assets however they wish.

This is one of our long-term goals, and it’s gonna takes time to really achieve a functional version. But we like to invite all users to grow and enjoy this exploring journey together!

Q – 5 from a telegram user @cryptofollower

I never sell my NFT’s. If it possible to stake the earned NFT rewards and earn more from staking them?

David – Seascape Founder:

The longer you stake them, the more you will earn, so this is a solid strategy if you want to maximize your return per NFT, but if the token is staked in the game to earn CWS it will have to be burned when claiming. That said if you prefer collecting the NFT itself that is definitely an option you can take. We will also implement different ways of earning for other NFT holders in the future for users like you who want to hold on to their NFTs while still earning an income!

Q – 6 from a telegram user @tuvalunia

Can we add an existing game to your platform or do we need to develop it according to the needs of your system?

Nicky:

We are happy to have game designers and developers join our platform. In the short term, we can help devs implement $Crowns payment method into their games and grow users and revenue together with us. This year, we will provide DeFi gameplay SDK, so devs can easily use it to add DeFi gameplay into their games.

So, yes, it could be an existing game, and we will help you to implement it with Crypto payment and DeFi gameplay SDK.

If you are a game dev and want to join us, please email us: info@seascape.network and we will back to you soon.

Q – 7 from a telegram user @Joshblaze

What gives you the confidence of success in this project?

David – Seascape Founder:

A few things, but mainly our experience in the industry, the quality of our games, the investors we have supporting us, the marketing teams we are working with, and most importantly our team and the community! These are the core pillars that we believe will make Seascape the top DeFi gaming platform!

Q – 8 from a telegram @BERTA2020

Many projects show some of their key features to attract investors, users, etc … Can you tell me what are your key features with which your products differ from others in the DeFi?

Nicky:

By taking some of the core concepts of defi and turning them into easy-to-access mini-games, we are aiming to lower the bar of complexity that is linked with most defi system. In this way we want to achieve two things: 1. to make defi mechanics more fun and exciting to existing blockchain users. 2. To draw in a new crowd who isn’t familiar with blockchain tech but maybe used to more traditional mobile or casino games and who wants to earn real rewards with their time spent playing.

Once you unlock the potential to earn while you play, it will draw in a lot of new users who will help spread crypto adoption to previously unimagined heights!

Q – 9 from a telegram user @JoanaZ

I have understood that after the token launch Seascape Will offer an “LP GAME” so can you give us more details about this?

David – Seascape Founder:

hat is right, our LP Mining game, also known as PROFIT CIRCUS, will offer great APY rewards for users who lock up their CWS-ETH tokens in the game smart contract. We think this is a great way to reward our early supporters for providing much needed liquidity into the volatile crypto markets. LP mining is a revolutionary concept and something we are very excited about, and we are excited to have been able to turn that into a real full-fledged game!

Q -10 from a telegram user @KeymerS

Is it really necessary to implement a cross-chain bridge in gaming stores? Will it give them better gameplay features or greater decentralization? Or did Seascape just develop this idea to attract more users of the multiple chains?

Nicky:

In the short term, our game products will be stick on Etherume and some L2 solutions like BSC. Our team truly believe in users should have full right to handle their gaming assets and we should be able to provide a service or tool that player can transfer his assets to whatever blockchain he likes and trade there with value. That’s why we want to build a cross-chain bridge in a gaming store. And this is one of our long term goals, we hope our users will be happy to explore this journey together with us.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Seascape Network 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: Seascape Network

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 EvidenZ. The AMA took place on January 12 and our guests were Luc , CEO of BCdiploma-EvidenZ and Vince, CTO & cofounder of EvidenZ & BCdiploma.

The total reward pool was 1200$ 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&Bitcointalk community

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with EvidenZ! welcome to Satoshi Club 😀

D. | Satoshi Club: hello everyone! @vince_hfr @LucJL hello! good to have you here! :relaxed:
welcome to Satoshi club!

Luc (#BCDiploma CEO): Hi, hello, happy to be here

Vince | EvidenZ.io: Hi @Cool_as_Ice and the whole Satoshi club community!

Mary | Satoshi Club: Let’s start with your intro and intro of EvidenZ 😉

Luc (#BCDiploma CEO): I’m CEO of BCdiploma-EvidenZ, in charge of the Sales/Product Marketing Teams, Business Partnerships, and Finance. Let’s go to chat:)

Vince | EvidenZ.io: I’m Vincent, CTO & cofounder of EvidenZ & BCdiploma. I’m in charge of the solution development and research.
We’ve build with our team a blockchain based document certification solution, live in production since early 2019. EvidenZ.io is the framework of the solution, and first use case, dedicated to academics is Bcdiploma.com.

Luc (#BCDiploma CEO): a quick video is sometimes better than long speeches =>
https://youtu.be/aSoOR9Srojw

Mary | Satoshi Club: Sure, visualization always helps 🚀

D. | Satoshi Club: indeed, a picture is worth a thousand words 😄 😉

Vince | EvidenZ.io: EvidenZ allows deploying of registers on the blockchain for all types of high-value data. It is a B2B solution and was patented in the US in 2018.

Luc (#BCDiploma CEO): BCdiploma is EvidenZ’s first use case dedicated to academic documents. BCdiploma is deployed in more than +100 institutions in +16 countries with the following use cases: diploma, academic and continuing education certificate, certified open badge of proficiency, notarial certificate, ISO certificate. A word about the team: 6 people now, 11 in one month:)

Mary | Satoshi Club: Actually, i have never seen this kind of certification on blockchain before 😀

Vince | EvidenZ.io: Here is our portfolio https://www.evidenz.io/issuers-list.html

Mary | Satoshi Club: Can you give us countries names? Want to see if i can make certificate in my country)

Vince | EvidenZ.io: France/Canada/Vietnam/USA/Tunisia/Haiti/Egypt/Senegal… and 7 more

• 

Mary | Satoshi Club: Mine isn’t on the list) but, sure, you’re working on adding more)

Q1 from Telegram Username @michaelaelf

Binance use your technology to create their blockchain certificates. If binance endorses your work, than you achieved something already! How does those blockchain certificates work? what exactly from your tech they use?

Luc (#BCDiploma CEO): All the EvidenZ framework is used, but instead of writing the encrypted data on ethereum, we write them on Binance Smart Chain.

Vince | EvidenZ.io: Here is a sample certificate issued by Binance team using EvidenZ: https://certificate.bcdiploma.com/check/CB5964158856248BB404907C9AE6F0731C70AA8E398BE53BE0FFB3648424B9FBMXBIRElrZjZsTVR4TC9zYTQ2ckN5bGNvcWpvWUZZbGsxb1ZVZzBGOWxwTE14cEho

Luc (#BCDiploma CEO): From the design of EvidenZ, we planned to use several blockchains, so it’s ok:)

Mary | Satoshi Club: But now only two blockchains, right?)

Luc (#BCDiploma CEO): @vince_hfr: we speake about the third?

Vince | EvidenZ.io: Yes, and we’re going to make a big announcement at the same time.

Luc (#BCDiploma CEO): This is great news for EvidenZ!

Mary | Satoshi Club: Yes, that is what we like here!

Vince | EvidenZ.io: BCdiploma is since today the first French operator of the European blockchain (EBSI), and will be the first “diploma” use case on this Blockchain 💪

Mary | Satoshi Club: As i know more then 1000 certificates were issued?:grinning:

Luc (#BCDiploma CEO): +5000 now, soon +3000

Mary | Satoshi Club: Oh, numbers are growing!

D. | Satoshi Club: can you explain how your certificate works? can i get/create some certifications, what i should do for this? 😊

Luc (#BCDiploma CEO):

• 

first node has just been launched

Mary | Satoshi Club: Can you explain more about this?)

Luc (#BCDiploma CEO): BCdiploma will deploy its solution on the EBSI blockchain, allowing it to issue, manage and store “Verifiable Credentials” (verifiable and 100% digital certificates of official documents, diplomas, acquired skills) within the EBSI infrastructure. EBSI is the official European blockchain

Mary | Satoshi Club: Wow! Congrats 👏

Luc (#BCDiploma CEO): Two other use cases: “notarization” and “Self-Sovereign Identity” will also be on the program.

Mary | Satoshi Club: It’s a great achievement!

Luc (#BCDiploma CEO): The beginning of a 2-year adventure with top partners.

Vince | EvidenZ.io: Just to clarify: EvidenZ is the technology framework, and BCdiploma is the DApp.
Institutions (like universities, company, government, etc) use the BCdiploma Dapp to issue certificates.
EvidenZ is used by BCdiploma to encrypt and store certificate data onchain, using a dedicated cryptographic algorithm.

Mary | Satoshi Club: What Self-Sovereign Identity means?

Luc (#BCDiploma CEO): It is important to associate to BCdiploma certificates the DID systems proving the identity of the holder (e.g. the graduate). We will therefore work with several SSI/DID ecosystems, including the EBSI ecosystem. It’s a logical step

D. | Satoshi Club: any institution or organization can use your DApp? or they should follow particular standards?

Vince | EvidenZ.io: Any institution that has valuable data to certify can use our Dapp!

Q2 from Telegram Username @madkaren

You have Binance in your portfolio and that’s great, but how many projects or institutions are using your services? Also, is the number of it growing? do you have a good business development team?

Luc (#BCDiploma CEO): 2019 to 2020: activity was multiplied by 4

Vince | EvidenZ.io: Currently more than 102 institutions use our services

Mary | Satoshi Club: It’s a lot :+1:

Luc (#BCDiploma CEO): Very experienced business team, doubling next month. with an international focus

Mary | Satoshi Club: Btw, with this bull market do you see that interest is growing?) Or it doesn’t depend? 😉

Luc (#BCDiploma CEO): yes, our product has a long term B2B strategy, so we’re accelerating

Vince | EvidenZ.io: We are seeing a very good start to the year, but this is not necessarily linked to the bull market. Our business is resilient to the state of the market, which is a strength.

Mary | Satoshi Club: now is a good time to harvest many years of work 😀

Vince | EvidenZ.io: And it is also the time to bring the blockchain to the world of education for real. Xiaoguang Zhang from Binance Smart Chain supports us in this process :ok_hand:

Mary | Satoshi Club: Mass adoption) in some years nobody will remember about paper sertificates)))

D. | Satoshi Club: if any organisation want to use your product, what they need to do? do you have step-by-step guide for those? 😁

Luc (#BCDiploma CEO): Yes, easy onboarding process with a great DApp back office

Vince | EvidenZ.io: turnkey, easy to use even for non crypto friendly people

Luc (#BCDiploma CEO):

• 

just have a look

• 

• 

Q3 from Telegram Username @batrud

You have an astonishing rate of burning tokens. 25% from tokens used to pay for certificates are burned. this increases the incentives of the user to hodl your token. what other incentives do you have?

Vince | EvidenZ.io: Precision on the functioning of the ecosystem: the tokens burned in the operation are bought back at the market price by team

Luc (#BCDiploma CEO): BCDT is the fuel of the EvidenZ ecosystem, it is designed for B2B: for each certificate issued, an amount of BCDT has to feed the smart contract
Here is the token usage macro process:
1) An institution buy issuance credits to BCdiploma in FIAT => in the real world, institutions aren’t able to buy tokens by themself :grinning:
2) BCdiploma company buys BCDT on the market at the market price
3) We feed the evidenz smart contract with BCDT to “buy issuance credits”, 25% are burnt during this operation
4) Institution issues certificates, the number of credits decreases
5) Goto 1)

(Just to make sure everyone knows the life cycle of the BCDT:)

Mary | Satoshi Club: What are the benefits for BCDT holders?)

Vince | EvidenZ.io: And, I would like to add that we plan to incentivize liquidity providers with BCDTs from our reserve.

D. | Satoshi Club: so total supply of tokens will be always decrease?

Luc (#BCDiploma CEO): ALWAYS

Vince | EvidenZ.io: Yes, you can check it here: https://www.evidenz.io/bcdt-token.html updated in real time

Mary | Satoshi Club: And guys, as i know you made a magic thing – you had successful ICO in 2018🤣 i want to ask if you locked that tockens which were sold?

Vince | EvidenZ.io: The founders’ tokens have been locked for 1 year, but now we are fully diluted. by the way, we still have them :grinning:

Mary | Satoshi Club: So, all supply is free? 😀

Vince | EvidenZ.io: yes

Mary | Satoshi Club: It’s a great sign for your community :+1:

Luc (#BCDiploma CEO): Error on coingecko BCDT page

Mary | Satoshi Club: What had happened there? They didn’t update info?

Vince | EvidenZ.io:

• 

They exclude our reserve from the circulating supply, although we indicate, for the sake of transparency, that it is not locked

Mary | Satoshi Club: I think you should ask them to update)

D. | Satoshi Club: yes, it happens with coingecko quite often. incorrect info about circulation

Q4 from Telegram Username @fattyice

Tell us about the partnership with Microsoft. What does co-sell partner mean?

Vince | EvidenZ.io: First, our DApp is listed on the appstore with the support of Microsoft
https://appsource.microsoft.com/en-us/product/web-apps/blockchaincertifieddata.bcd-1

Luc (#BCDiploma CEO): We are very proud of this. Microsoft for Startups program selected us as soon as we filed our patent in the US (2018). We performed well during this program, since February 2020 we have the Microsoft Co-sell status. We are the only 100% blockchain certification application available on the Microsoft Store

Vince | EvidenZ.io:

• 

Notice that we’re a “Preferred solution”

Luc (#BCDiploma CEO): We’re part of the Microsoft for Startups program & of the Microsoft Cosell program. We are notably on their app store and their sales team is incentivized to sell our solution

Vince | EvidenZ.io: More informations here : https://medium.com/bcdiploma/powered-by-evidenz-bcdiploma-becomes-a-microsoft-co-sell-partner-d567a99a66ae

Mary | Satoshi Club: So, can we call it partnership or they support EvidenZ project? 😀

Vince | EvidenZ.io: It’s an official partnership

Mary | Satoshi Club: I think this is a green ticket for you to be used everywhere 😀

Vince | EvidenZ.io: This is our goal

Mary | Satoshi Club: Btw, was it hard to get it?) Paper work? 😉

Luc (#BCDiploma CEO): 2 years of work within the Microsoft accelerator to achieve cosell status:)

Q5 from Telegram Username @nellybarty

I see that you are registered in France. Is France a crypto-friendly country? Wouldn’t it be wiser to incorporate the company in a country in which you know for sure that you won’t have problems with the local administration? Or you got some assurances from french officials that the project is safe?

Luc (#BCDiploma CEO): Is France a crypto-friendly country? not sure. We are a company that sells services to many public institutions.

Vince | EvidenZ.io: At the start of the project (2017) we met with the french competent authorities (AMF), who gave us the green light for the whitepaper and the project we are building.

Mary | Satoshi Club: Is BCDT security token?

Luc (#BCDiploma CEO): So we registered where we had our first clients

Vince | EvidenZ.io: No, BCDT is an utility token: It is not possible to issue EvidenZ certificates without it.

Luc (#BCDiploma CEO): It’s important for confidence. We have all the assurances of being able to work from France in the years to come

D. | Satoshi Club: btw, do you have plans to get listed on some CEX? i see only DEX on Coingecko page

Vince | EvidenZ.io: We are in touch with many CEX who offer us to be listed. Even if some of them are interesting, we want above all a top tier exchange, and we are working on it by all possible ways 😉

Luc (#BCDiploma CEO): With the commitment of Europe and the numerous R&D grants from the French state, the horizon is clear

Q6 from Telegram Username @puritynose

Bcdiploma is a very cool and useful usage of blockchain technology. Apart from universities though, it’s important for governments and other big players to accept the certification that you make as genuine. Can you share with us if there are other institutions (apart from univerdities) that you are in contact in order to make the recognition of the diplomas multilateral?

Luc (#BCDiploma CEO): For example, we work directly with the Agence Universitaire de la Francophonie, which brings together +1000 universities (french link: https://ific.auf.org/certification/)

Vince | EvidenZ.io: We are already working directly at the European level, particularly within the context of EBSI: the idea is to speed up the process of mass adoption

• 

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Guretxea41

How many tokens will be burned for each certification you perform and will there be a limit on token burning?

Luc (#BCDiploma CEO): 25% of the tokens used are burned. No limit, except a security one if we reach 66% of tokens burned in all … that should not happen 🙂

Q2 from Telegram user @Blasteran44

Partnership with other project(s) result in synergy that would increase growth rate. Which project(s) has #EVIDENZ partnered with or looking forward to partner with?

Luc (#BCDiploma CEO): Aleph of course, it’s a great partnership.
Some others:
IMS Global Certification (Open Badges blockchain / IMS Global https://medium.com/bcdiploma/bcd-report-12-may-30th-2020-44959f789025 )
Microsoft for startups & Co-sell program MICROSOFT (https://appsource.microsoft.com/en-us/product/web-apps/blockchaincertifieddata.bcd-1)
We have signed a major partnership with the AUF (a grouping of more than 1,000 universities worldwide), which will be announced in early September following the success of the 2019 pilot project, we can’t say too much, but it’s a long-term (4 years) and exclusive business development agreement for us.
Berkeley Blockchain Xcellerator: Berkeley
https://medium.com/berkeley-blockchain-xcelerator/bcdiploma-the-seamless-degree-verification-system-927b16e622f0
AlumnForce: https://medium.com/bcdiploma/how-to-increase-the-use-of-your-alumni-platform-by-20-thanks-to-the-blockchain-35c27a59412e
and emlyon business school of course: https://twitter.com/EMLYON/status/1247890926585823234?s=20

Q3 from Telegram user @lahkoklu

Is the $BCDT token the fuel for the EvidenZ ecosystem then can you give an overview of the tokenomics and utility tokens on that $BCDT, then will your token be listed on Binance?

Vince | EvidenZ.io: BCDT is the fuel of the EvidenZ ecosystem. It is designed for B2B: for each certificate issued, an amount of BCDT has to feed the smart contracts.
Here is the token usage macro process:
1. An institution buys issuance credits to BCdiploma in FIAT => in the real world, institutions aren’t able to buy tokens by themself.
2. BCdiploma company buys BCDT on the market at the market price.
3. We feed the EvidenZ smart contract with BCDT to “buy issuance credits”, 25% are burnt during this operation.
4. Team buy back the tokens at market price
5. Institution issues certificates, the number of credits decreases.
Go back to (1)
In conclusion, the more institutions need to issue, the more BCDT is used :ok_hand:
Regarding Binance, we have the support of the Binance Smart Chain teams to develop our technology on BSC, and we are working with the Binance teams to deliver the best possible product to them. This is our way of showing them our seriousness and the quality of our solutions, and, why not, go further in the collaboration.

Q4 from Telegram user @Calebkure

Can you fo well to go depper on the subject $evident and the future and any Updates on $evidence in coming few months of 2021 in this competitive space

Luc (#BCDiploma CEO): I suggest you to read our last report, https://medium.com/bcdiploma/bcd-report-13-november-16-2020-d2c87c92f629?source=———4 roadmap is presented here!

Q5 from Telegram user @CryptoZaratustra

What’s your long-term vision for marketing and the BCDT token? How will you increase the adoption of blockchain by institutions?

Luc (#BCDiploma CEO): EvidenZ has been built to match with BCDT’s holders economical concerns: the total supply decreases with the use of the solution. This process ensures the long-term sustainability and autonomy of the ecosystem. About the long-term vision of marketing and the token: Today: customers pay in FIAT and are provided with tokens. The level of adoption of the blockchain by institutions is now high, however their level of adoption of cryptoactives is much lower. Even if the idea is attractive and makes sense, it seems too early to propose this kind of business line.

Tomorrow: customers who wish to do so will be able to pay directly using BCDT (in fact they can technically already do so, but they are not ready). To incite them: we are preparing a development that will allow to install the complete DApp stack on premice and to interact without our own DApp instance with the contract. Thus, we are targeting very big customers for this kind of installation (in particular for large groups and state administrations).

Q6 from Telegram user @Arisabela

It’s such a goal your partnership with Binance to deliver Masterclass certificates of participation. But, what is the value of these certifications in the real world?

Vince | EvidenZ.io: Binance Masterclass certificates (and BCdiploma – EvidenZ certificates in general) are designed for the “real world”. For their holders, they allow them to showcase their skills, by sharing them on social networks (such as LinkedIn for example), or by sharing them with a future employer. For institutions (such as Binance or a university), it is a powerful dematerialization and marketing tool.

Q7 from Telegram user @centoscu

How can anyone use your project? Do we need to register within your website and buy your token?

Luc (#BCDiploma CEO): Any institution, with a KYC process, yes

Q8 from Telegram user @MrGembel23

Can you list 1-3 killer features of #Evidenz that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

Luc (#BCDiploma CEO): – Tamper-proof on chain data storage
– Respecting GDPR using a patented cryptographic algorithm
– One click access to certificate for life
– One extra feature 😉 certificates with fully customizable content and visuals allowing the institution to promote its brand with top level design.

sorry, we have 4 killer features

Q9 from Telegram user @cryptoflower13

What are the requirements for a student organization to use BCDiploma to issue their certificates?

Luc (#BCDiploma CEO): No requirements: juste have your graduation data in a file

Q10 from Telegram user @gerybodag

Where does the project name come from? What does it mean for you and why did you choose that name for your project?

Luc (#BCDiploma CEO): BCdiploma := Blockchain Certified diploma, and our firm is “Blockchain Certified Data, BCD”, so the token is the BCD Token, BCDT 🙂 funny

Q11 from Telegram user @Ldich

What was the number of participants in the blockchain certification organized by Binance?

Vince | EvidenZ.io: Almost 4,000 Binance Masterclass certificates have been issued since September. Concerning the “Webimarathon” diplomas that will be issued following the quizzes organized by the Binance teams, we do not yet have the exact number yet.That said, the Webimarathon was very successful and there were several thousand participants in the quiz!

Q12 from Telegram user @adamlike

Who sends the diplomas to BCdiploma system? User sends it himself or university sends it?

Luc (#BCDiploma CEO): only institutions can certify data, not individual

Q13 from Telegram user @MrGembel23

How do you get people to work with your project? and what are the advantages and disadvantages of your project?

Luc (#BCDiploma CEO): our strengths and key arguments for universities:
Protecting the value of your diplomas
Enhancing your innovative brand image
Becoming the leader of the digital student experience
Revitalizing your Alumni network
Accelerating the digitization of your processes

Q14 from Telegram user @erzascarr

Can BCDT be an investment for all users, whether they are young, beginner or already familiar with crypto?

Luc (#BCDiploma CEO): Yes, I think everyone can take an interest in our project, because it is a long-term project, which is based on the development of a classic B2B business.
We rely heavily on our community, and this is just the start of a long adventure.

Q15 from Telegram user @SayonaraNM

Where can we find / acquire / generate $ BCDT? Is its value in EvidenZ the value it has in general or is it just its value in EvidenZ? Where is it listed?

Vince | EvidenZ.io: You can acquire BCDT using one of the exchanges listed here: https://www.evidenz.io/bcdt-token.html
Also, we plan to reward liquidity providing of BCDT in the next few months.
Finally, BCDT is an ERC 20 token, so its value depends on the market. That said, BCDT was designed so that its value reflects the real activity of the company :ok_hand:

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of EvidenZ. They’ve prepared 4 questions for this part. The total reward pool for quiz was 1000$.

For more information and future AMAs, join our Social Media channels:
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PART 1. Introduction of MiniSwap project and community questions.

Hello, Satoshi clubbers and guests of this site. Today we introduce MiniSwap that enables a connected network of DeFi ecosystems. MiniSwap provides a decentralized platform for exercising financial products.

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:

Jiangshan Yu – scientific advisor of Miniswap. Currently Assistant Professor and Associate Director of Research at Blockchain Technology Centre at Monash University.

Introduction of Miniswap project

Mary | Satoshi Club:

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

D| Satoshi Club:

Good day everyone! 👋

Mary | Satoshi Club:

Jiangshan welcome here 😀

Jiangshan Yu:

Hey guys. Good evening!

D| Satoshi Club:

Hey, hey, welcome to Satoshi club! 😁

Jiangshan Yu:

Glad to e-meet all of you!

Mary | Satoshi Club:

Happy to see you! Thanks for visiting us today 🎉 Please, introduce yourself and tell us more about MiniSwap😉

Jiangshan Yu:

Thanks for hosting me! Looking forward to chatting with the club! I’m Jiangshan Yu, the scientific advisor of Miniswap. I’m currently an Assistant Professor and Associate Director of Research at the Blockchain Technology Centre at Monash University. Now about Miniswap. It is a decentralized exchange platform (DEX), however, it is not just a DEX.

Miniswap aims at establishing and providing an interconnected ecosystem of blockchain applications, with a focus on DeFi products.

Mary | Satoshi Club:

Exciting bio👍

Jiangshan Yu:

Sustainability, scalability, security, privacy, interoperability, and usability are our main focus.

D| Satoshi Club:

Sounds ambitious and why did you call your project MiniSwap?

Jiangshan Yu:

Aha, that’s a great question. So the first product of MiniSwap ecosystem is the DEX. As we mentioned, this is just a small yet vital part of our vision. As this is vital to the establishment of the entire ecosystem, we take the “swap” for Dex. As this is only a small part of our envisioned future DeFi ecosystems, we call it “mini”. Thus the name Miniswap.

Mary | Satoshi Club:

Nice name, I like it😀 So, it’s possible, that we will see rebranding at some time?

Jiangshan Yu:

We are currently having different names for different products, where Miniswap platform will be the infrastructure enabling, supporting, and interconnecting them. So the name would probably stay.

D| Satoshi Club:

👍 Gotcha

Mary | Satoshi Club:

Got it👍 which other product do you have?)

Jiangshan Yu:

with this said, you never know 😊 Maybe in 3 years’ time the entire space changes so fast so that we will have our updated vision to reflect the advancement of technology and applications. In that case, maybe we could consider it.

D| Satoshi Club:

you have to be a flexible system to survive and succeed in crypto 😉

Jiangshan Yu:

We have several other projects and products that are already alive or almost ready to release. We also have some projects in progress.

Mary | Satoshi Club:

Ok, that’s promising 😀 Ready to start with community questions?😀

Jiangshan Yu:

The current leading ones include our community management system (DAO of Miniswap), Layer 2 protocol (CNiSVAS) with a new programming language (Derivative) for DeFi products. We are also introducing an insurance service 😊

D| Satoshi Club:

This is nice 👍

Jiangshan Yu:

Anytime

D| Satoshi Club:

let’s do it!

Preselected questions about the MiniSwap DeFi project.

D| Satoshi Club:

Q1 from Telegram username @NataliyaKil

On your site, following the link to the Medium, I got a 404 error – the page does not exist. How do you get into your existing Medium account? I would like to see more information about you than presented on the site.

Jiangshan Yu:

Thanks for pointing it out! I will ask the website maintainer and the Medium post manager to identify and fix the problem. From Google search, you should be able to find the posts of Miniswap on Medium.

Previously we have been very active in reporting the research progress, including every detail and our analysis

D| Satoshi Club:

https://medium.com/@miniswap666

This one?

Mary | Satoshi Club:

Yes, I also find this one.

Jiangshan Yu:

However, we found that there were other platforms that copied our idea and did a quick implementation of our proposed (work-in-progress) ideas.

D| Satoshi Club:

https://miniswap-lab.medium.com/

Mary | Satoshi Club:

Yes, it’s common in crypto. And it is its sad part

Jiangshan Yu:

We learned it in a hard way 😞

As we would like to have a product that is fully ready and fully verified, the previous “report all details and intermediate results” actually gave us some challenges. We now only release the final versions instead of the previous strategy. This has resulted that some articles and posts being removed from the previous post to protect our research. This might be the cause of the 404 pages. 

Mary | Satoshi Club:

Sure, this will be easily resolved 😀 ready to proceed?

Jiangshan Yu:

Of course

D| Satoshi Club:

Q2 from Telegram username @Xusuo

As I know from my experience using DEX, there is 5 biggest weakness from Decentralized Exchanger like Miniswap, 1.its about Speed and efficiency 2. Scalability 3.Difficult to contact support 4.Only Crypto to Crypto 5.Sustainability. So how did Miniswap manage to solve this kind of weakness?

Jiangshan Yu:

All excellent observations! To me, the first 2 questions are all about scalability, which includes tx throughput (such as TPS or BPS)

Mary | Satoshi Club:

Yes, it’s similar

D| Satoshi Club:

Does the average user can feel the difference by using your exchange? in my experience all DEX on Ethereum are the same with similar interface and insane fees.

Jiangshan Yu:

The fees were a great problem. Now it is solved with our layer2 protocol — millions of TXS will be packed together and one operation proves the validity of all TXS. So that the fee of this single tx is shared by that many TXS, which is then negligible.

The first version of Miniswap was suffering from the throughput issue as well. This was due to the fact that Miniswap is an application of Ethereum and the throughput is depending on the efficiency of Ethereum consensus, which is not great as we know. However, this is solved by our layer 2 protocol

Mary | Satoshi Club:

Already solved? Is it working now?

Jiangshan Yu:

It is already implemented and the inner testing is next week.

With our new layer 2 protocol, users will be able to have near instance confirmation and have negligible tx fees.

D| Satoshi Club:

As far as I know, to activate layer2 on Ethereum users should pay a fee as well. now it’s about 40-50 bucks

Mary | Satoshi Club:

Which tokens will we be able to swap there? Only those which will be listed or any erc20 token? Once?

D| Satoshi Club:

I actually don’t know😄 maybe once maybe every time.

Jiangshan Yu:

Yep, so the computation complexity of the protocol is O(1), which means that the complexity of the computation is constant regardless of the number of transactions. In comparison, techniques such as the Merkle tree have the complexity of O(log N). Also, the “once” is for each period where we confirm the current status on layer 2. There is a balance between fees and layer 1 confirmation latency

Mary | Satoshi Club:

How long this ‘each period’ lasts?

Jiangshan Yu:

This is something we are currently working on to make the (hopefully) optimal trade-off. We consider having either one or two conditions for this “period”. It could be a predefined number of Txs and a simple predefined time period (such as X days) to guarantee the liveness.

This will depend on the actual number of TXs in the system

Mary | Satoshi Club:

Ok, can you give an approximate time?

Jiangshan Yu:

We expect to have a dynamically updated parameter for this one. Currently, we can’t give a concrete number yet, but it won’t be more than days. Also, users have their own choice to make their TXS available on layer 1. There is a special tx defined for this. That will require more fees, of course.

Mary | Satoshi Club:

How much does it cost to activate L2 on Miniswap?

Jiangshan Yu:

So that users who are not in a hurry to withdraw money can enjoy negligible fees, and users who are in a hurry can still make it happen.

Mary | Satoshi Club:

Comfortable 😀

Jiangshan Yu:

We don’t know the final figure yet. It should be available somewhere next week. Let me double-check with the dev team to see the current progress and the number and come back to you later

Mary | Satoshi Club:

Thanks! Got it 👍 Ready for the next question?

Jiangshan Yu:

Sure.

D| Satoshi Club:

let’s go!

Q3 from Telegram username @Gutike95

Is it really so necessary to apply complex mathematical equations to understand in the Oracle price algorithm? Why not just use some lock or elastic system to control the value of the tokens? So it would not be more effective and simple?

Jiangshan Yu:

Ah, btw, I just remember that there were 3 more subquestions

3.Difficult to contact support 4.Only Crypto to Crypto 5.Sustainability. So how did Miniswap manage to solve this kind of weakness?

Let me have a very quick reply

Mary | Satoshi Club:

Yes, btw🤣

Jiangshan Yu:

Item 3 is important and I will communicate with the management team. Currently, most of the cost goes into R&D, we should definitely put more effort into the user support for 4, the main difficulty comes from the regulation — however, I will see the collaboration of CEX and DEX to solve this problem, which is already happening.

5 is the advantage of Miniswap, we had several articles to talk about our sustainability design, including mining incentive analysis, decentralized management of the community (Miniswap’s DAO), quality control of supported (certified) tokens through our DAO, and insurance project.

Some of them are in our whitepaper and others are in the articles.

The team will share the link here later.

Mary | Satoshi Club:

Ok, great👍 thank you for the answers!

Jiangshan Yu:

Now let’s go to the next one and hope that this would give you some flavor on these Qs. We would live to…

The problem is that the coin price is so complicated in terms of the factors impacting the price. It is impossible to have a single rule that everyone would follow

When there are different rules defining price oracle, then the price will be different on different platforms

Mary | Satoshi Club:

Yes, each project looking for its own solution

Jiangshan Yu:

This opens the window for “smart” users to trade and gain an advantage through the differences

Now we have to use the more complicated solutions to make it a bit better and fairer

Mary | Satoshi Club:

How this will work?

Jiangshan Yu:

Currently, there are several types of oracles.

Maybe in the future, a standard on price oracle would help (but unlikely to solve it completely)

Some of them use an aggregation function over a set of oracles where the price is extracted from the CEX

Some of them (such as Miniswap) makes use of dynamic ways to balance the supply and demand in the internal system.

Either way works, but they all have different pros and cons

D| Satoshi Club:

Definitely.

Jiangshan Yu:

We also designed our own alg, like other major platforms. We hope that we can demonstrate the effectiveness of our solution and this would lead to other apps to join us.

Mary | Satoshi Club:

Let’s see, its efficiency will be clear in the nearest time😀

Jiangshan Yu:

I can talk about the actual algorithms and research in this field, but I’m not sure we have enough time. Let me know if the current depth is good enough. I’m happy to go deeper

equally happy to move on to the next Qs as well

Mary | Satoshi Club:

I think it’s enough for the beginning! Let’s go to the next 😀

Jiangshan Yu:

It’s really what would give our community/club the most of today’s interaction. Sure.

D| Satoshi Club:

Q4 from Telegram username @Winterkom

MiniSwap provides a 100% refund of transaction fees but at the same time also 100% fee income from the platform. Where does the money for Liquidity Providers come from, if the fees charged are refunded to their users?

Jiangshan Yu:

I would refer the answer to this question to our whitepaper v1.0, which has great detail about the incentive mechanisms. Essentially, 2f fees were mint for each transaction with a fee, this gives the extra room.

D| Satoshi Club:

https://www.miniswap.org/files/whitepaper.pdf

Jiangshan Yu:

Excellent! Thanks!

Mary | Satoshi Club:

I think it’s a great chance for our users to read MiniSwap Whitepaper 😀 If they still don’t.

Ready to go to the next question?

Jiangshan Yu:

Well, at least our competitors read in all the details, Sure

Mary | Satoshi Club:

Ahaha🤣

D| Satoshi Club:

Q5 from Telegram user @JoanaZ

In the Miniswap Phase 4, is explained that the objective is to allow Traders from other differents Blockchains to trade on It, but how many Blockchains do you plan to support?

Jiangshan Yu:

Btw, before answering Q5, I just got the current figure for the current layer 2 deposit (activate layer 2 on Miniswap.

Roughly 9 USD.

Mary | Satoshi Club:

Wow👍

Jiangshan Yu:

Assuming the gas price is 50gwei

Jiangshan Yu:

This should be affordable given how expensive the current other available services (even with the banks.

Mary | Satoshi Club:

But even if the gas price will be 100 it will be cheaper then 40-50$

Mary | Satoshi Club:

Sure👍

D| Satoshi Club:

Very cheap compared to current fees on Ether😁

Jiangshan Yu:

Miniswap global aims to provide a platform for blockchains. The protocol would be generic so the only limit will be the scalability. Currently, the scale of chains out there is in the order of 10^3. Which should not be challenging to manage, given the sharding and layer 2 techs. So, the actual number of chains being supported will not be limited by the protocol. Rather, this will be depending on the quality of the projects.

Mary | Satoshi Club:

Which projects have enough quality?

Jiangshan Yu:

Well, it is hard to tell 😊 It’s like a national election, where people always hope that a good one will be elected, but it may not always be the case. (I’m not referring to any country, just stating the fact)

The quality will be controlled in a way similar to our current DAO for Miniswap, which controls the quality of the tokens and certify the evaluated tokens on Miniswap.

Mary | Satoshi Club:

Ha, nice answer. Thank you for your answers! Ready to proceed?

Jiangshan Yu:

If the certified token is not performing as expected, then the parties involved in the DAO will be punished through our insurance scheme. This would provide some degree of guarantee. We believe that this is currently one of the best solutions

Mary | Satoshi Club:

Oh, when this system will be fully integrated and working?

Jiangshan Yu:

I was communicating with our marketing and communication team on this. The product is already implemented, but we prefer to not reveal it yet and we will first fully focus on layer 2 of Miniswap. So, all R&D is done. Now it is the communication team to choose the best strategy w.r.t. the time to release the news😊

D| Satoshi Club:

Got it! I bet layer2 is very important at the current moment👍 Thank you for the great answers! ready for the last question from our first part?

Jiangshan Yu:

Yes. Previously the sounds around Miniswap were controversial, which was due to the fact that we have been fully devoted to the research aspect and did not do well on the marketing.

D| Satoshi Club:

Q6 from Telegram username @Unknown_Mark

How can you guarantee for me that my money is safe on your platform? What progresses does your exchange take to protect user’s funds in this market from theft or from hacking ?!

Jiangshan Yu:

Now we have established a team of excellent colleagues to take care of the non-tech aspects, which hopefully will show the non-geeky part of the team.

Theft or hacking are the main issues. There are several aspects to consider.

Mary | Satoshi Club:

We are waiting to see them!

Jiangshan Yu:

The security of a DEX is so complicated. We need to consider all aspects ranging from the protocol design, price oracle, all the way to the implementation.

Mary | Satoshi Club:

Sure, all parts are important

Jiangshan Yu:

As this is a true DEX, so there is no trusted party. So the service can be provided w/o relying on the operation of Miniswap.

Jiangshan Yu:

This is from the protocol design. For the implementation, we use code review and auditing to verify and remove the software bugs.

Other aspects including the price oracle, just like the protocol design, would rely on the expertise we have in this field. This is why we are designing everything rather than simply making a fork of other swaps.

Mary | Satoshi Club:

So, who were MiniSwap audited by?

Jiangshan Yu:

MiniSwap had a strategic partnership with Anchain, which is a globally top-ranking company expert in code security auditing, Anchain is the main one to perform a security audit for MiniSwap. Here is a cert published on their page https://www.anchain.ai/miniswap-certificate

D| Satoshi Club:

thank you! I think we did with the first part of our AMA? ready for the second? 😉

Jiangshan Yu:

Shall we keep going? Sure, let’s move on.

D| Satoshi Club:

We have another 10 questions there 😊

Mary | Satoshi Club:

Let’s go 🚀

PART 2.Questions about the Miniswap 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 Miniswap 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 @Nickkiii

I saw Mini on 1inch Exchange, are you officially listed on 1inch Exchange or it’s some clone claiming to be Mini, just want to confirm so I can invest??

Jiangshan Yu:

Yes, Mini is listed on 1inch.

Q – 2 from a telegram user @CryptoZaratustra

Is it possible in Miniswap to perform anonymous exchanges to keep users’ privacy?

Jiangshan Yu:

Privacy is one of our main goals. It is not easy to get right, but we have the right expertise evidenced by my scientific peer-reviewed publications on attacking Monero and providing optimal solutions. Miniswap will support private Txs.

Q – 3 from a telegram user @CryptoDurden

When will the CNiSVAS Layer 2 protocol be launched? How will CNiSVAS change existing problems such as the cost and speed of transactions?

Jiangshan Yu:

The launching time depends on the testing result next week, but we expect to have this released shortly. The layer 2 protocol processes all TXs offline without the need to go through ETH consensus, so there is no consensus confirmation latency. This increases throughput. The cost was explained in part 1 of the ama.

Q – 4 from a telegram user @feranno

Do you plan to build partnerships with local cryptocurrency developers and local projects in each country to make the use of the token more global?

Jiangshan Yu:

Yes, as mentioned the main goal of Miniswap is to establish the interconnected DeFi ecosystem and applications. All partners joining and supporting the interconnected ecosystem are welcome

Q – 5 from a telegram user @Capt_Star1

What specials are we expecting in 2021?
What are the 3 most important priorities for the year 2021?

Jiangshan Yu:

Here are the key words: Layer 2 for scalability and fee efficiency, DAO and insurance to guarantee the quality of certified tokens, a new language (Derivative), and VM for fast and secure DeFi protocol implementation with Layer 2 support.

Q – 6 from a telegram user @AndrySTP

What revolution will Miniswap make with Layer 2? How will this affect the optimization of Miniswap algorithms to provide affordable fees for Miniswap operations?

Jiangshan Yu:

Layer 2 is for Miniswap. The current optimization of Miniswap algorithms is intermediate solutions when we are working on the Layer 2 protocol. So Layer 2 makes it better.

Q – 7 from a telegram user @Xusuo

Does Miniswap have an ICO or public sale? How if I want to get a Mini token?
if possible please share the link where to purchase Mini token?

Jiangshan Yu:

Miniswap Address is 0x4d953cf077c0c95ba090226e59a18fcf97db44ec. You can see all tradings here. You could go to https://minidex.com/ or 1inch to trade MINI tokens

Q – 8 from a telegram user @m_i_l_e_s_u

While you build your project, do you take into account community feedback and demands?

Jiangshan Yu:

Yes, we already took the community feedback and their true need into consideration. This is why we are introducing our Layer 2 protocol to improve the speed and reduce the fees. This is also the reason we work on the DAO and insurance to provide a trustworthy certificate to users on our evaluated tokens.

Q -9 from a telegram user @spongeboblu

A lot of people including me using a trusted wallet for atomic swaps and other staking features and Dapps. Is it possible to stake Miniswap with a trust wallet?

Jiangshan Yu:

Yes, Miniswap supports several leading wallet solutions. If you go to https://minidex.com/, there is an interface to help you set it up.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Miniswap 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: Miniswap

Telegram group  |  GitHub  |  Tweeter  |  Website  |  Medium  

PART 1. Introduction of AMEPAY project and community questions.

Hello, Satoshi clubbers. Today’s AMA about AMEPAY. This is a cryptocurrency-based payments alternative that is fast, convenient, and secure. AMEPAY eliminates the complexity, high-costs, and delays that are familiar to the present system and replaces it with a simple, affordable, and quick network.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster and Gold Rocket | Satoshi Club  – @GoldRocket27

The Representative of the project:

Kamalakannan Venkatraman – Co-Founder and COO of AMEPAY

Introduction of AMEPAY project

Gold Rocket | Satoshi Club:

Hi everyone, welcome to another episode of our AMA series!

Mary | Satoshi Club:

@kamal_v you are welcome 😀

Gold Rocket | Satoshi Club:

@kamal_v welcome to Satoshi Club!👋

Mary | Satoshi Club:

Hello🤣

Gold Rocket | Satoshi Club:

Hi there! Merry Christmas🎉

Serg | Satoshi Club:

I’ve messaged @kamal_v   Waiting for the update

Mary | Satoshi Club:

That’s great😀 we are patiently waiting 👍

Serg | Satoshi Club:

He is joining now, @kamal_v, welcome

Kamalakannan Venkatraman:

Hi Serg. Sorry for the delay.

Gold Rocket | Satoshi Club:

Welcome to Satoshi Club👋

Mary | Satoshi Club:

Hello, everything is ok 👍 we are happy to see you here!

Kamalakannan Venkatraman:

Hi glad to be here for the AMA in Santoshi club….

Mary | Satoshi Club:

So, let’s start🚀

Mary | Satoshi Club:

Please, introduce yourself to our community and of course, tell us more about AMEPAY 😀

Gold Rocket | Satoshi Club:

We are very glad to see you too!

Kamalakannan Venkatraman:

Myself Kamalakannan Venkatraman, Co-Founder and COO of AMEPAY

Mary | Satoshi Club:

When did you found AMEPAY? As I know you have experience in the traditional payments industry, tell us why did you decide to start with crypto payments?

Kamalakannan Venkatraman:

We are into Point of Sale (PoS) Software firm existing for more than 4 years…The name of our software is AMEPOS.

We see that there are many challenges and middlemen fees existing and hence Merchants end up with huge fees…

Currently, we have 2500+ merchants as clients using AMEPOS software and we have developed our own payment system AMEPAY Blockchain-based.

Mary | Satoshi Club:

Great! We have a question about this from our community.

Kamalakannan Venkatraman:

In AMEPAY Payment system the transaction costs will be the least and our own chain can process 300,000 transactions per second. Yes, please.

Mary | Satoshi Club:

Wow! That’s fast.

Gold Rocket | Satoshi Club:

Very nice. You have something to be proud of 👍

Mary | Satoshi Club:

Sure, we will have it a bit later, but now we can start with the first question 🚀👍

Kamalakannan Venkatraman:

Yes proceed plz.

Preselected questions about the AMEPAY project.

Gold Rocket | Satoshi Club:

Q1 from Telegram user @konditer_rolex

To use AMEPAY, the store must install only software? Or do they need additional equipment? Do you negotiate with large fast-food chains or gas stations? If they need equipment, who will produce the equipment with your software, and how much will it cost to those who want to install it?

Kamalakannan Venkatraman:

Mostly all Retail and F&B industries use the PoS software for Billing and Inventory…It’s a must for all Retail chains…

We provide AMEPOS cloud PoS + E-commerce website + AMEPAY payment system for a monthly subscription of $20…

The hardware will be already existing with the Retail…Our PoS will be working on Windows, Android, and iOS…

We will revolutionize the payments in Retail and F&B…The transactions made in our payment system will be rewarded with Cashbacks…

https://esatoshi.club/wp-content/uploads/Amepay.mp4

Product Live Demo above

Mary | Satoshi Club:

Yes, I saw this video! It seems it working fast and simple.

Kamalakannan Venkatraman:

Yes.

Mary | Satoshi Club:

How much cashback do you plan to give to your users?

Kamalakannan Venkatraman:

Users get 2% and Merchants get 1% on every transaction…Everyone in the AMEPAY ecosystem will be rewarded.

Mary | Satoshi Club:

Its cool👍 Cashback will be in AME? Or there’s a choice?

Kamalakannan Venkatraman:

It will be in AME

Gold Rocket | Satoshi Club:

That sounds good👍

Mary | Satoshi Club:

Thank you for your answers, ready for the next question?

Kamalakannan Venkatraman:

AME is trading in Bithumb Global and Bkex Exchanges. Yes ready.

Gold Rocket | Satoshi Club:

Q2 from Telegram user @Xusuo

 There is an interesting statement on Amepay telegram that Amepay will change from Ethereum Blockchain into another Blockchain because of high fee issue from ETH. So what Blockchain will you use in the future? When will Amepay implement it?

Mary | Satoshi Club:

Congrats with listings🚀

Gold Rocket | Satoshi Club:

Congratulations🎉

Kamalakannan Venkatraman:

AMEPAY own chain is completely developed and we are launching in Q1 2021…

Our chain will process 300,000 TPS and the transaction cost will be the least…As we are in Retail and F&B the transactions we want to migrate very fast…

Mary | Satoshi Club:

Oh, you choose the right time, ETH fees are annoying now😀

Gold Rocket | Satoshi Club:

Speed and environmental friendliness! it is very important!

Kamalakannan Venkatraman:

Yes right…

Mary | Satoshi Club:

You will have to swap? From erc20?

Kamalakannan Venkatraman:

Yes, automatic swap from ERC-20 to our own chain…for AME holders in decentralized wallets need to swap manually. Our exchanges Bkex and Bithumb Global also support us in the swap.

Mary | Satoshi Club:

Easy and fast as everything you did👍

Mary | Satoshi Club:

Ready to proceed?

Kamalakannan Venkatraman:

Yes

Gold Rocket | Satoshi Club:

Q3 Telegram user @reinleoken

How have AMEPAY gone about global adoption of the POS? Is it something that we in Africa can make use of? How do we get the POS? What incentives are offered to users of the POS service?

Kamalakannan Venkatraman:

Our PoS package will be available on the website…It’s a licensed product…any merchant from anywhere in the world can download and start using it…

Our package contains Cloud PoS AMEPOS + E-commerce website + AMEPAY Payment integration for a monthly subscription of $20

The video guide for using it will be available.

For the transactions made in our ecosystem, the Merchants and the Users will be receiving the Cashbacks and the Merchants can earn more than what they pay us

Gold Rocket | Satoshi Club:

Thanks for the great answer! Would you like to add something or move on to the next question?😉

Mary | Satoshi Club:

Do you already have some merchants from Africa, ready to use AMEPAY?

Kamalakannan Venkatraman:

Currently, we have Merchants/Clients in Malaysia, Singapore, the USA, India. We are expanding to all Asian countries and other markets. We are starting to implement the tech in Brazil, through our payment partner FacilitaPay.

Mary | Satoshi Club:

Got it👍 nice geography! Ready to proceed?😀

Gold Rocket | Satoshi Club:

What about Europe? Are you planning this market?

Kamalakannan Venkatraman:

Yes also into Europe…

Gold Rocket | Satoshi Club:

Thanks! Next question?

Kamalakannan Venkatraman:

Yes, please.

Gold Rocket | Satoshi Club:

Q4 from Telegram user @Arisabela

 Currently, AMEPAY has physical locations in the USA, India, Malaysia, Hongkong, and Singapore. I’m Latin and I think this side of the world is still in diapers about finances and payment methods. Would you bring AMEPAY technologies and products to L.A.? Which will be the new AMEPAY’s location?

Mary | Satoshi Club:

A lot of geographies today😀 everyone wants AMEPAY.

Gold Rocket | Satoshi Club:

😁👍 Yes!

Kamalakannan Venkatraman:

The reason for setting up the office in the USA is to expand our operations to the entire US markets… Our tech is much required and loved by the US Merchants as it adds more value to them…

Mary | Satoshi Club:

What about regulations in the USA?

Kamalakannan Venkatraman:

We have a company incorporated in the USA in Wyoming and our legal team in the USA is working on it. As we are the payment system we will get regulated easily.

Currently, we have an office in Wyoming, the USA we will have more offices shortly…preferably in New York and L.A

Mary | Satoshi Club:

State by state😀

Gold Rocket | Satoshi Club:

By the way, you have an international team. do they work remotely?

Mary | Satoshi Club:

Oh, that’s great 👍

Kamalakannan Venkatraman:

Yes

Gold Rocket | Satoshi Club:

Thanks! Ready for the next question? 😊

Kamalakannan Venkatraman:

Yes

Gold Rocket | Satoshi Club:

Q5 from Telegram user @KeymerS

In particular, payment through the biometric system is my favorite, since it is much faster and more effective than others, will these AMEPAY means of payment be faster than biometric?

Kamalakannan Venkatraman:

AMEPAY is more advanced than Biometric payments…and secure too…

Our payment system takes 1-2 seconds for the transactions to complete and we are incentivizing everyone in our ecosystem.

Gold Rocket | Satoshi Club:

Thanks for the answer! By the way, please tell us more about the mobile applications. What features does it have? Do you personally use it?😉

Kamalakannan Venkatraman:

Yes AMEPAY is the mobile application available in the Android Play Store and iOS App Store.

The payment can be made through our AMEPAY wallet App

Our app has features of Sending, Receiving and Staking AME….we will have more features in near future like exchanges services

Mary | Satoshi Club:

Staking in the app always attracts😉 And ready for the 6th and last question from this part?

Gold Rocket | Satoshi Club:

Thanks for the answer👍

Kamalakannan Venkatraman:

We have an advanced option in App for staking AME from Decentralized wallets too. And it will be released in a couple of days.

Gold Rocket | Satoshi Club:

Don’t forget to share with Satoshi Club when this happens! So, can we proceed?

Kamalakannan Venkatraman:

Yes.

Gold Rocket | Satoshi Club:

Q6 from Telegram user @Pratze

Amepay already exist for eCommerce business for around 4 years also already have 2500+ merchant. So could you please tell me the reason Amepay create an $AME token? What is the vision and mission of the $AME token?

Kamalakannan Venkatraman:

AME token will be the primary currency in the AMEPAY blockchain…The transactions will happen in the AMEPAY payment system

Mary | Satoshi Club:

So, users will pay only in AME or they can choose another crypto?

Kamalakannan Venkatraman:

We can’t rely on any other currency for scalability issues.

Kamalakannan Venkatraman:

Only in AME for now

Gold Rocket | Satoshi Club:

everything is clear to me! share useful links with our community before we open live chat😊😉🚀

Mary | Satoshi Club:

Yes, when I was looking at your video I thought what would happen now if someone will decide to pay with eth🤣 Speed and commission will impress, but in a bad way🤣 Thank you for making our lives easier, hope to see AMEPAY everywhere soon.

Kamalakannan Venkatraman:

Users and buy AME and Stake in Bithumb Global for 300% APR

Mary | Satoshi Club:

It’s a really important day today👍

Gold Rocket | Satoshi Club:

Wow! It’s amazing!👍

Mary | Satoshi Club:

Wow, Satoshiclubbers! Do you see this🎉

Kamalakannan Venkatraman:

We are partnering with Korean giant ICO Pantera and listing in MXC exchange this month…Also, we are waiting for the approval to list in the Top 3 exchange by Feb

Mary | Satoshi Club:

MXC is a very good choice!🚀

Mary | Satoshi Club:

More exchanges, more users👍😀

Kamalakannan Venkatraman:

Right…we will have huge liquidity…

Gold Rocket | Satoshi Club:

Thank you very much for the great answers! Are you ready to live questions? @kamal_v 🚀

Mary | Satoshi Club:

The only moon now🚀

Kamalakannan Venkatraman:

Yes.

Mary | Satoshi Club:

Let’s go 🚀

PART 2.Questions about the AMEPAY 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 AMEPAY project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @Joseunda

AMEPAY could be an alternative for countries with hyperinflation like Venezuela, that is, could it enter markets where the country’s original currency is almost unusable?

Kamalakannan Venkatraman:

We can enter any country which is inflated or deflated.

Q – 2 from a telegram user @KhaleesiTheCryptoLady

I want to hold $AME for future use in buying my wants and needs. Where is $AME token currently listed, where can I buy it? Thx.

Kamalakannan Venkatraman:

AME is listed in Bkex and Bithumb Global.

Bkex link: https://www.bkex.com/trade/AME_USDT

Q – 3 from a telegram user Deleted

DELETED

Kamalakannan Venkatraman:

We plan to have 2 million merchants within 2022 and have $50 million in revenues.

We will utilize 20% of our revenues to buyback tokens and burn them

Q – 4 from a telegram user @Unknown_Mark

Is it possible to see AmePay in Arabic Countries ?
For me I live in UAE and there isn’t a lot of merchants here , hope we will see some AME Merchants there?

Kamalakannan Venkatraman:

Yes sure…our regional manager is from Dubai and a team is working for on-boarding Merchants…

The integration starts from this month…Within 3-4 months, we will expand

Q – 5 from a telegram user @Unknown_Mark

What is the benefits from investing in your currency ? There are more than 1000 currency in crypto market , why should I choose yours?

Kamalakannan Venkatraman:

Our tech is live and currently used…The AME has real time utility for payments and transactions in our ecosystem…

The company has a strong revenue stream. For long term holders, it is a wonderful opportunity to get involved and grow together

Q – 6 from a telegram user @Poponchi

About the Project of Amepay, actually, we have a lot of Defi projects fighting to survive. What is the strategy for this project to win liquidity and survive for years?

Kamalakannan Venkatraman:

Real time utility and more Merchants in AMEPAY ecosystem is more than enough to survive in the market… We are already achieving it.

Q – 7 from a telegram user @Unknown_Mark

Is there any upcoming partnership with other big projects? From my view, I see the project without a massive partnership is useless!?

Kamalakannan Venkatraman:

We will have more partnerships with leading payment houses…Facilitapay, Brazil is a partner for the South American market. We are still inking a deal with major players and the announcements will be made shortly

Q – 8 from a telegram Deleted user 

Question was disqualify

Kamalakannan Venkatraman:

Buy and hold AME and stay with us for massive growth…we are a real product based company with results already achieved.

Q – 9 from a telegram user @NaufalRf6

DAMN! people are in AMEPAY Euforia right now!
since the announcement of $AME listed on Bithumb, all people are talking about your project in every crypto group I’ve visited. That means Crypto enthusiast is really excited and very appreciate The Amepay Team hard work 👍

So, What your next move then?
BINANCE, HUOBI, or OKEx?

Kamalakannan Venkatraman:

hank you so much..Looking forward for the support and let’s grow together.

Q -10 from a telegram user @araceley

How many exchanges is $AME presently officially listed and traded on?

Kamalakannan Venkatraman:

Bithumb Global and Bkex…Many more exchanges in Jan, Feb, and March.

Q -11 from a telegram user @HaPPy7ChappY

Best of luck to you. So if you want to go fast, go alone, but if you want to go far, you go with your partners, so with Your Project which partners will promote and help Your Project reach and achieve the project’s goals?

Kamalakannan Venkatraman:

A community like the Satoshi club can promote and reach us to as many people.

Q -12 from a telegram user @Toanle1219

As you claimed on your website, AMEPAY offers users get 300% APR with a locking period of 60 days, so how do you make it sustainable and profitable for AMEPAY?

Kamalakannan Venkatraman:

Yes, we have 30% of the total tokens allotted for rewards.

Q -14 from a telegram user @hieulaptop

What is the greatest benefit of the user of AME?

Kamalakannan Venkatraman:

Cashbacks/rewards, fast transactions in a secured way.

Q -15 from a telegram user @Poponchi

What if I bring my friends to invest and use Amepay App, Are there rewards or benefits that i can receive?

Kamalakannan Venkatraman:

Contact our admin: @Gale_india he will help out.

Kamalakannan Venkatraman:

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the AMEPAY 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: AMEPAY

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If you know you can do better then do better anonymous said and our guests really do their job better then more others. And today we would like to tell you about the AMA session with our friends from StaysBASE. The AMA took place on January 11 and our guests were Patrick, Product & Strategy Manager at StaysBASE and Luka, the lead blockchain developer at StaysBASE.

The total reward pool was 500$ 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&Bitcointalk community

Luis Merino | Satoshi Club: Hello SatoshiClubbers! Welcome to our third and last AMA today. We now have StaysBASE , @cr4zi3st, @walkeraki, @chung4lunga welcome! 😉

GoldRocket: Good evening, dear community! We are delighted to welcome our guests from StaysBASE. Greetings @chung4lunga @walkeraki @cr4zi3st ! Welcome to Satoshi Club!

Patrick: Hello everyone! We are really glad to be here! @cr4zi3st can’t say hey unfortunately 🙁

Luis Merino | Satoshi Club: Maybe you can start making us a brief explanation about StaysBASE while we add your mate as an admin. And a short introduction about yourself and how did you get involved with StaysBASE

Patrick: Yeah, first things first 😄 I am Patrick and I have been employed in the mobile app development sector for the last few years and have since started exploring new opportunities in blockchain. I am a long time crypto investor (started in 2014) and advisor for digital currency startups. I really think that crypto is the way to go and as we can see now, the whole crypto ecosystem has really shook some old foundations in the financial sector and I love it. Decentralization for the win! I am really excited to be a part of the StaysBase team where I work as a Product & Strategy Manager and I believe that we will continue to do great things together!

Luis Merino | Satoshi Club: So you are an early adopter 😉

Patrick: For some yes and for some no. If you know what I mean 🙂 As for StaysBASE goes, it is based on the concept of Base Protocol, while taking it a step further!! While Base Protocol (BASE) is essentially a token whose price is pegged to the total market Cap of Cryptocurrencies; StaysBASE takes the concept further by bringing the The World Stock Market and Gold Market into the picture. StaysBASE is pegged on the average of the Cryptocurrency Market Cap, The World Stock Market Cap and the Gold Market Cap.

Luka | CEO: Ah, hey everyone! Happy to be here with you today! Even if with a small delay haha :sweat_smile:

My name is Luka and I’m the lead blockchain developer at StaysBASE. I have a background in finance and money, where I’ve worked for financial institutions in Europe the last few years as a smart contracts programmer, where we’ve worked on bringing traditional financial products on the blockchain.

Otherwise, I’ve been a crypto-enthusiast since 2016 when I started with a personal crypto mining farm, which is still active today. We teamed up with my colleague Jure and Patrick a few months ago to create blockchain projects and we’re happy to share with you our newest platform – StaysBASE.
Patrick will continue with the brief intro about the platform 🙂

GoldRocket: Impressive experience in crypto! :+1: And a great idea with gold!

Patrick: Where were we? Oh an example, right? let’s say
The Crypto market cap increases +10%
The Gold market cap increase +5% &
The World Stock market Cap decreases -3%
The average of the three = 4% There will be a 4% total Increase of the Supply of StaysBASE Token.

Luis Merino | Satoshi Club: Nice example, I undertstood it 😊

Q1 from Telegram user @cengizhantekin

While BASE Protocol is referring to Crypto market, StaysBase refers to Crypto, Stock and Gold, so I think we can say StaysBase is an enhanced version cause crypto is only one subelement of economy which includes several ones. Therefore the effects of these subelements are not same. So why do you consider them equivalent and taking the average change in cap of three while rebasing? Besides, where do you get these change percents from, is your source a legit one?

Luka | CEO: We didn’t want to complicate the initial version of the protocol with advanced weightings and consider them equal. Why? Because we want people to speculate on the movement of the market as a whole – and we believe these three markets equally weighted give a great representation of the entire market sentiment.
We also didn’t want to create a system directly pegged only to one market or where one market has the major weight as this might lead to negative rebases – for example, today if we followed only crypto, the daily rebase calculation would have been very negative.

Patrick: We are fetching data for crypto market cap from over 5 providers, namely: coin market cap, nomics, coin codex, coin paprika, on chain fx, live coin watch, coin lore, coin tracker
For the stock market: alpha vantage, polygon io, twelve data, yahoo finance and market stack
For the gold market: goldapi, metals api and rapid api

Luka | CEO: So as you can see we have several trusted sources from which we gather data.

Luis Merino | Satoshi Club: Got it! Great explanation! Just a question If any platform has any problems, you gather data from the others?

Luka | CEO: Yes, exactly, that’s why we’ve aimed to include at least three per each source – in case if one breaks down, we still have two backups.

Luis Merino | Satoshi Club: Has something similar ocurred already?

Luka | CEO: That’s hard to answer because we’re still in the private round of our project – and no other project has done the same, but during testing for the last month, all data entries were 100 % complete from all sources.

Luis Merino | Satoshi Club: Okay sorry, I was referring to some other projects that follow the same method. I didn’t clarify my question haha Thank you Luka

GoldRocket: Btw… You had AMA in JustLiquidity group today, are they your partners?

Patrick: Yes, they are 🙂 We will have our initial IDO on their DEX on Binance Smart Chain -> JulSwap 🙂

Q2 from Telegram Username @konditer_rolex

You chose Binance Smart Chain for your project. Do you think this blockchain is good enough for such purposes? Why not the popular Ethereum?

Luka | CEO: Our platform is built on BSC instead of Ethereum blockchain offers almost zero fees and transactions are almost instantaneous. During this BTC and ETH price surgers we can see gas prices skyrocket and we believe that to be still a great problem in the Crypto sphere. We are eager to fix this problem. Of course BSC has a smaller community and total volume, but that’s the reason we’re trying to bring more awareness to the “cheaper” blockchain and get some people to move over 🙂
We are also the only project on BSC with rebase functionality which makes it unique!

Luis Merino | Satoshi Club: Zero fees. That’s important

Luka | CEO: Yes and only three seconds to confirm transactions

GoldRocket: How is the fees paid? Bnb?

Luka | CEO: Yes, with BNB

GoldRocket: This is the most pleasant thing to be honest. ETH fees make Me have a heart attack 😂

Patrick: Yeah, it really is a pain nowadays! :sweat_smile:

Q3 from Telegram Username @sirdefi

You mention that StaysBASE “goes one step further” than BASE, by pegging its token not only to the capitalization of the crypto market, but also to the capitalization of the world market and the capitalization of the gold market. What is the reason for this? Don’t you think it would be simpler and more predictable to depend on only one type of market, than to depend on so many markets and with such different behaviors?

Patrick: The StaysBASE Protocol acts as a one-stop trading instrument which allows holders to speculate on the entire crypto industry, world stock market and gold market simultaneously, rather than just one token or a select portfolio of multiple. StaysBASE is supposed to be a more holistic reflection of all the three markets.

Luka | CEO: Main benefit of this system is that it lowers the bearish impact of one specific market to the price of SBS token. This means investors will take less risk when investing in our platform. Alongside with great security we are offering we stand out from our competitors.

Therefore the main reason is to not create another copy of rebase projects which only have negative rebases one after another, in some cases destroying the project.

Patrick: In a lot of cases unfortunately :point_up:

GoldRocket: Yes, this is truly a unique solution to several problems at once.

Luis Merino | Satoshi Club: You are right. Bearish market doesn’t affect that much

GoldRocket: Cryptocurrency market capitalization is outstripping gold market capitalization.

This is what your website says. 😀 I see you have analyzed the markets well.

Patrick: We try our best! 🙂

Q4 from Telegram user @k2ice

I learnt StaysBASE already announced partnerships with JustLiquidity and Vox Finance. I understand that the partnership with JustLiquidity is to use their DEX (JulSwap) to conclude your first IDO project on Binance Smart Chain. But what major reasons are behind the partnership with Vox Finance?

Luka | CEO: We’ll be using the Vox Finance platform to offer a private staking pool to users so that they will be able to get first-hand access to the token on Ethereum once we set up the transfer bridge between the two blockchains.

Luis Merino | Satoshi Club: Both of them have been here also 🥰

GoldRocket: You thought about that too! :+1:I don’t get tired of admiring! 😊

Patrick: There is a lot of hours of brainstorming behind us 😴 😄

GoldRocket: Real team work! I wanted to ask how can I join whitelisting?

Patrick: Of course, please visit staysbase.org/join if you’d like to apply :+1:

Q5 from Telegram user @reinleoken

Offering 46.9% in private sale, doesn’t that leave the token at the mercy of whales? And doesn’t it defeats the “it could be a good entry point for someone who isn’t sure about which assets to invest individually on” purpose, if only 2.34% is left for the public? Why such a high percentage for private sale and that low for the public?

Luka | CEO: While the percentage offered in the private sale might be high, you need to realize that the minimum purchase amount is quite low – only 200 $ to join. This is why we believe your statement is not true. We’ve also set only a 20.000 $ max buy in the private round which means we’ve got a nice portfolio of buyers in the private round, which we can also verify from our side.

The public sale is only the last chance for people to enter before the initial listing on 14.01. This is why we’ve implemented it this way. And in either case, the public sale has still 50.000 $ up for grabs with no minimum limits.

Luis Merino | Satoshi Club: Initial listing almost here… 3 days to go :tada:

Luka | CEO: Three more days and we’re live 🙂

GoldRocket: You have a young and public team! Do you have an office or do you work remotely?

Luka | CEO: We work remotely for the time being due to obvious reasons, but we all know each other very well 😄

GoldRocket: Share useful links and information with Satoshi Clubbers please!

Patrick: Website: https://staysbase.org/index
Whitepaper: https://staysbase.org/media/lightpaper.pdf
Twitter: https://twitter.com/StaysBASE
Ann Channel: https://t.me/StaysBASENews
Telegram Group: https://t.me/StaysBASE
Repository: https://github.com/staysbase/protocol
Be sure to join our website and telegram for more information – hope to see many of you there!

Q6 from Telegram user @johana0012

In these last 2 days I have visualized that Bitcoin, despite how firm it is, has suffered a decline, which is missing for people who often invest, due to the volatility of the market, what is offered by StaysBASE to reduce these market risks?

Luka | CEO: I would say we’ve already covered this question, but let me just briefly explain again the main features of our platform to reduce such a market risk.
We’re basing our token economy on a correlation with three major markets – crypto, stocks and gold. While Bitcoin and crypto in general has severely declined in the last two days, the other two markets have not been affected in the same way. That’s why we’ve done this distinctive feature to “balance out” each market sentiment and to make it all much more steady and make rebases more controllable 🙂

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Spott

BINANCE and other CEX exchanges have not listed any rebase token,
Why is this a norms, and do you plan to make that happen ?

Luka | CEO:Hey Forte! Yes, it’s true that rebase tokens are difficult to list on CEXes due to the unique method of determining the balance of a user’s wallet. However, this doesn’t mean that we won’t push forward the idea to some exchanges. We’re already talking to some partners that we’d like to work with to list on their platform. There have been some rebase projects that have been listed and we’d like to be one of the next ones!

Q2 from Telegram user @yousan55

About $SBS Whitelisting. Do you need to pass a KYC to join presale? How much is the minimum/maximum investment amount?

Patrick:Hello Khalid! No, no KYC needed for the presale. The minimum investment amount is 200 $ and the maximum is 20.000 $, so we’re also accepting entries from smaller buyers – we’d like to give everyone a chance to join.
Of course, private round buyers will receive a discount on the price, so make sure to visit staysbase.org/join if you’d like to apply to the whitelist 🙂

Q3 from Telegram user @russell909

What’s StaysBASE long-term development plan? How do you make users believe that StaysBASE is a long-term high-quality project?

Luka | CEO: Rebase protocols have a unique long-term preposition – because of StaysBASE’s dependency to three different markets, namely crypto, stocks and gold, holders can speculate on the value of the token price before rebase calculations happen. This makes it interesting to buyers and gives it a unique purpose in the crypto market. Along with that, we will offer our “cascade” or staking platform where people will be able to stake LP tokens to receive even more rewards – locking in liquidity to provide lower slippage to DEX users. The longer you stake, the higher your rewards will be.
I think the fundamentals of the project are more than beneficial to both early supporters and newcomers and should provide good long-term value for all investors.

Q4 from Telegram user @araceley

Strong tokenomics are the key to any crypto project’s success. Can you tell us $SBS Tokenomics? Staysbase

Patrick:Hey Araceley, please take a look below to find the info about the tokenomics.

Q5 from Telegram user @cindy_crypto

A lot of blockchain projects are using erc-20 network but you are using BSC. Why did you chose BSC?

Luka | CEO: Our platform is built on BSC instead of Ethereum blockchain offers almost zero fees and transactions are almost instantaneous. During this BTC and ETH price surgers we can see gas prices skyrocket and we believe that to be still a great problem in the Crypto sphere. We are eager to fix this problem.

Q6 from Telegram user @imrealsatoshi

You can collect the data for gold and crypto caps but where do you get World Stock Market Cap?

Patrick:Hey Satoshi, what is going on with BTC lately? :stuck_out_tongue_winking_eye:
To answer, for the stock market: alpha vantage, polygon io, twelve data, yahoo finance and market stack 🙂

Q7 from Telegram user @meml97

I noticed that there is no Roadmap to be seen on your page nor your lightpaper, what can you tell us about what you have planned for StaysBase after launch, or in general for this 2021?

Luka | CEO: Right now we are in our private round to gather funds for the project launch .We have completed our seed round where we gained 100k$ in less than 4 hours, so we can see there is large demand for the project!
We are going live on 14.01. with the full platform and the first rebase will be conducted 24 hours thereafter. We will be the first IDO project on JulSwap and Binance Smart Chain so that is already a unique milestone on our roadmap.
Thereafter we will be enabling different staking possibilities for our users and also seek out new partnerships with other prospective projects in the cryptosphere.
We have quite a few innovative ideas prepared for Q1 and Q2 of 2021 and hopefully we can share them with you as soon as possible. Keep an eye out on our twitter for announcements.

Q8 from Telegram user @CryptoZaratustra

Does the liquidity pool staking time affect rewards? How can you maximize your profits at StaysBASE?

Luka | CEO: Yes, the liquidity pool staking will offer higher rewards for people who will commit their rewards for longer periods. You can maximize your profits by becoming a LP provider on JulSwap and then depositing it in to the platform to gain extra rewards. This system will be live on launch.

Q9 from Telegram user @coinerman

Your idea is quite innovative. How many developers do you have on your team and what is their background? Do you have enough resources to create an innovative project of an international scale?

Patrick: Hello, we have 3 developers on our team, but we get emails for any open positions quite often! We are still in the early stages, but we believe that we have a bright future in front of us. We have completed our seed round where we gained 100k$ in less than 4 hours, so we can take this as a glimpse into the future 🙂

Q10 from Telegram user @warny

Have your smart contracts been audited by any third party firm yet, if yes, have all issues been resolved and your contract now secured? Where can we view the audit report?

Luka | CEO: The code is forked from BASE protocol which was audited by many third party companies (we’re using their latest versions which have had all changes done). We are in a DeFi space for some quiet time where we made some of our own projects and advised on several others. We are confident in our knowledge as backend programmers and we rely on past experience to deliver the most safe and secure platform there can be.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of StaysBASE. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

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:

StaysBASECommunity: https://t.me/StaysBASE

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

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

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

We will have the following structure:

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

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

Part 3: 300$ – A quiz about PolkaBridge

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

We are pleased to announce our next AMA on January 18th 2021 at 02:00 PM UTC Time: Satoshi Club x Stone

⚠️Click to see the hour
⚠️Total Reward pool: $1500

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

We will have the following structure:

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

Part 2: 150$/15 users – Open chat for 100 seconds. You can post Max 3 questions. Stone Team will select 15 questions and answer them.

Part 3: 1200$ – A quiz about Stone

For more details:
Stone – @stonefortress
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on January 15th 2021 at 05:00 PM UTC Time: Satoshi Club x Telos

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

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

Part 3: 300$ – A quiz about Telos

For more details:
Telos – @HelloTelos
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on January 14th 2021 at 02:00 PM UTC Time: Satoshi Club x Polkainsure

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

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

Part 3: 300$ – A quiz about Polkainsure

For more details:
Polkainsure – @polkainsure
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

PART 1. Introduction of Findora project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called Findora.
  Findora enables assets of any nature – dollar, bitcoin, equity, debt, and derivatives. Its mission is to address the challenges necessary to support this broad class of assets and diverse financial use cases, providing confidentiality while retaining the transparency of other blockchains.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster and Gold Rocket | Satoshi Club – @GoldRocket27

The Representative of the project:

Matt Arney – @mattarney – expertise is in corporate development, partnerships and globalization.

Ken Berniklau – @KenB7 – Director of Product Management at Findora

Introduction of Royal project

Mary | Satoshi Club:

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

Gold Rocket | Satoshi Club:

Good evening, dear community! We conclude our today’s AMA’s series with Findora. Today our guests are @mattarney @KenB7

Matt Arney:

Thx Gold Rocket – hey everyone!

Mary | Satoshi Club:

Hello, Matt! Welcome here!

Ken Berniklau:

Hello everyone!

Gold Rocket | Satoshi Club:

Welcome to Satoshi Club, @mattarney @KenB7

Mary | Satoshi Club:

Happy to see you here, Ken! Actually, welcome back, Findora😀 We haven’t seen you since September 2019😀

Gold Rocket | Satoshi Club:

To be honest, you have already been our guest, some time ago. What news did you bring guys today?😊

Matt Arney:

That’s a lifetime in a blockchain – thanks for having us again. We have a lot of share – can’t wait to get started

Gold Rocket | Satoshi Club:

Thanks for joining.

Mary | Satoshi Club:

So, start🚀 we love news!

Gold Rocket | Satoshi Club:

To begin with, please tell us a few words about yourselves and how did you get to be involved in crypto & about Findora.

Matt Arney:

My name is Matt Arney – Before joining Findora, I co-founded and successfully exited from three international startups in the enterprise language & technology space. My expertise is in corporate development, partnerships, and globalization. I’ve been following the crypto space for some time and joined up with Findora to help with the growth

Ken Berniklau:

Hello – my name is Ken Berniklau. I’m the Director of Product Management at Findora and happy to answer some questions about our product.  My expertise is in launching early-stage start-ups, product development, leadership, and managing in a growth environment. When I have free time, I enjoy motorcycles, golf, and off-roading.

Mary | Satoshi Club:

Oh, you have great experience 👍

Matt Arney:

I hope that’s not an age joke?

Mary | Satoshi Club:

No, of course 😂

Nice hobbies 😉 no stress👍

Gold Rocket | Satoshi Club:

What is your favorite motorcycle? 😉

Ken Berniklau:

Harley

Gold Rocket | Satoshi Club:

Sounds brutal and beautiful😁👍

Mary | Satoshi Club:

Nice choice 👏

Mary | Satoshi Club:

And let’s start with the news from Findora?😀

Gold Rocket | Satoshi Club:

By the way, since you love risk in sports, then it is close to you in crypto too?

Ken Berniklau:

We always manage our risk.😉

Matt Arney:

For sure – I’m less risk-averse than Ken I prefer mountain biking using pedal power

Gold Rocket | Satoshi Club:

That’s a great answer guy! So tell us about Findora’s new products, please!

Matt Arney:

Sure – let’s start with a high-level overview ok?

Findora set a goal to leverage blockchain technology in order to revolutionize financial services. We believe that the financial services industry infrastructure is outdated and needs to change.

We envision an open, fair, and transparent financial infrastructure that can serve billions of people, providing true financial democracy. In the future, we hope that Findora’s technology and its democratically run network will be the backbone of Web 3.0, providing the necessary transparency and protection for everyone. As far as “new” products we’ve been actively developing since we last met in 2019

Mary | Satoshi Club:

As I know, mainnet is near?

Matt Arney:

Back in August, we released our test-net allowing developers to get a better feel for Findora anyone can go to our website and sign up for this now. As for main-net, we are close – it will be released in Q1 but my lawyers won’t let me say exactly when.

Mary | Satoshi Club:

Are they still signing?😀 Understand 😀

Matt Arney:

Yes, we have numerous developers signed up and the feedback has been great!

Gold Rocket | Satoshi Club:

Wow! Sounds great.

Mary | Satoshi Club:

As I know you had some partnerships recently?)

Gold Rocket | Satoshi Club:

A lot of work has been done and more to come!

Matt Arney:

Yes we have and this is part of my role at Findora as Head of Growth

Mary | Satoshi Club:

Congrats 👏

Matt Arney:

Can you keep a secret?

Mary | Satoshi Club:

Yes, of course, 👍 Satoshi Club is the best place to keep secrets)

Gold Rocket | Satoshi Club:

We love secrets at Satoshi club❤️

Matt Arney:

Yeah, I figured that you only have 44,000 of your closest friends listening right?

Mary | Satoshi Club:

Not so many 😂

Matt Arney:

We have signed ten MOUs that are in the queue to be announced just as soon as our PR teams can get them out. Among the newly signed partnerships are a large mobile payments company (processing over 40 million transactions daily!), a popular restaurant POS system, and a leading travel booking service. Our plan is to continue to expand our partner network and bring real-world solutions like these to an outdated financial services industry. Shhhh

Mary | Satoshi Club:

Wow, this impressive 👍 (community, close your eyes😂)

Gold Rocket | Satoshi Club:

this is an incredible secret !!! thanks for sharing!😁

Mary | Satoshi Club:

I see that you have rocket speed🚀 Thank you for the great intro! And now I know our community is waiting for your answers to their questions 😉

Mary | Satoshi Club:

Ready?

Matt Arney:

Yeah let’s do it.

Preselected questions about the Royal DeFi project.

Gold Rocket | Satoshi Club:

Q1 from Telegram user @nata_jakarta

Many projects have similar descriptions and features but I have seen that you want to bring some innovation. There is one thing I didn’t understand. Please elaborate on Zero-Knowledge Proofs (ZKPs) and why you decided to implement this

Ken Berniklau:

Thanks, @nata_jakarta for the question. For those that don’t know, a zero-knowledge proof (ZKP) enables one to convince others that a statement is true without revealing any information on why this is the case. For example, one may want to prove that a number lies in a specific range without leaking the value of the number itself.

Fedora’s features are enabled by a toolbox of highly efficient zero-knowledge proofs and other advanced cryptography including homomorphic encryption and authenticated data structures, specifically tailored to be as efficient as possible for our applications. Some are based on peer-reviewed inventions by Findora’s research team, such as Bulletproofs and Supersonic. In addition to built-in features, a general toolkit is provided to users and developers for flexible use of custom applications. Zero-knowledge proofs are the core technical tool behind many of the privacy, policy compliance, and selective disclosure features in Findora.

Mary | Satoshi Club:

Yes, that’s a great feature! Will your new partners use it?

Ken Berniklau:

Absolutely!

Mary | Satoshi Club:

Please, explain, on example for those, who are not so good in tech why. For example, the restaurant needs this? Just as example😉

Matt Arney:

For ZKP – Imagine there’s a door with a keypad lock next to it, and Bob is trying to persuade Alice that he has the correct password for the keypad lock. By unlocking the door with the keypad lock, Bob has given Alice a compelling argument of him knowing the password, without directly revealing what it is. In other words, Bob has convinced Alice that his statement about knowing the password is true, without revealing any additional knowledge about the statement.

To achieve privacy-preserving transparency, Findora uses these types of zero-knowledge arguments, or zero-knowledge proofs (ZKPs), to prove many complex statements without revealing anything about their contents. Decentralized exchanges, marketplace lending, investment funds, liquidity pools, payments, banks, and far more are all possible to be built as confidential, yet publicly auditable applications on Findora. The key especially right now is Auditablity Zcash, Monero and Dash aren’t auditable and they are in a bit of hot water.

Mary | Satoshi Club:

Btw, some of these coins have recently been delisted, aren’t you afraid that you will be considered a private coin?

Matt Arney:

Not really… Unlike privacy coins like Zcash and Monero, Findora is a smart contract platform with auditable privacy features.

Mary | Satoshi Club:

Yes, I hope for the best😀 and i think your lawyers know their work! Thank you, guys, for your answers! Ready to proceed?

Matt Arney:

Sure.

Ken Berniklau:

Yes.

Gold Rocket | Satoshi Club:

Q2 from Telegram user @tryharder

There are some rumors and FUD going around. I don’t believe everything is said but I think that we need an explanation to settle this once and for all. What has happened in your project? Why some members left and will this affect the future of the project

Matt Arney:

Ah, speaking of lawyers huh? @tryharder asks a serious question and we want to be very open and transparent with everyone.

Gold Rocket | Satoshi Club:

This is important in order not to lose confidence.

Mary | Satoshi Club:

Yes, it’s very serious and I know that a lot of people waiting for answers

Matt Arney:

Unfortunately, FUD seems to be a part of almost all projects in the industry including ours.

Matt Arney:

Findora is an open-source, investor, and community-owned platform poised to alter the trajectory of the global financial services industry. From day one, we’ve been transparent about our mission, partners, stakeholders, and assets on our website and have regularly communicated updates publicly through multiple channels. We’ve also let investors, developers, and end-users access the platform through our Testnet and explore the underlying technology for themselves. As mentioned before most of the feedback we’ve received on our Testnet has been extremely positive.

As for the misleading narratives being spread about the viability of the project, these are being maliciously circulated as a byproduct of a failed extortion attempt by former project collaborators. Findora does not comment on active or pending litigation out of respect for the legal process and confidentiality but a public copy of our complaint can be found online here:

Mary | Satoshi Club:

By what percentage was the previous team changed? Can you answer this?)

Matt Arney:

I don’t want to duck the question but need to be very careful when answering due to constraints set by my lawyers – I can assure you we have a great team of engineers and product leaders actively working on mainnet now

Mary | Satoshi Club:

So, as I understand you can’t comment on this?

Matt Arney:

Findora has the exact leadership and staffing in place — consisting of leading experts in finance, cryptography, and decentralized projects — needed to execute our long-term vision. We can’t wait to share our platform with the world.

Mary | Satoshi Club:

Ok, I got this😀 Ready to jump to the next question?

Ken Berniklau:
Yes

Gold Rocket | Satoshi Club:

Q3 from Telegram user @ion_cristescu

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

Matt Arney:

Good question @ion_cristescu

Findora is fortunate to be well-funded and has secured investments from reputable institutional investors including Polychain capital, Allchaineed, Krypital Group, Axia8 Ventures, Cabin VC, Power scale Capital, and Jack Lee as well as the community by large. The funding size is enough for Findora to aggressively develop the community and enterprise applications as an entire ecosystem.

Mary | Satoshi Club:

And as I understand you have a sale now? Or?

Matt Arney:

Yes, thanks for asking we launched our private sale last week, oops public sale.

Mary | Satoshi Club:

Is this true? That picture? Just $1mln left?

Matt Arney:

It’s a beautiful image but I can not comment on funds raised since we still have 4 days left in our public sale

Mary | Satoshi Club:

Is KYC required to participate?

Matt Arney:

Hey, I already gave you a secret earlier right?

Gold Rocket | Satoshi Club:

Yes! here is a safe place for secrets 😁

Mary | Satoshi Club:

Yes😀 and it’s still a secret 😂

Matt Arney:

Yes we have a formal KYC process – it is listed at info.findora.org

Mary | Satoshi Club:

Great! We will know now)

Gold Rocket | Satoshi Club:

You are smart guys! 👍👏

Mary | Satoshi Club:

Thank you for sharing all info that you can share😀 Ready to proceed?

Matt Arney:

Yep.

Gold Rocket | Satoshi Club:

Q4 from Telegram user @Nhokmichio

Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.

Ken Berniklau:

Thanks for the question @nhokmichio Findora has great leadership and teams in place consisting of leading experts in finance, cryptography, and decentralized projects needed to execute our long-term vision. We’re thrilled to announce that Dr. Whitfield Diffie, Turing award winner and one of the most respected cryptographers in the world joined the Findora Project as a Senior Advisor. Among many things, Dr. Diffie is the Founder of Asymmetric Encryption and inventor of the “Diffie-Hellman key exchange” technique. We’re super excited to have him on board! Here’s a photo of Dr. Diffie along with Paul Sherer founding director of Findora’s Advanced Research Center. Details of many of our staff can be found at the bottom of info.findora.org We also have a large engineering and project team – many have chosen to remain anonymous and off LinkedIn to avoid FUDers and recruiters spamming them (trust me I get spammed daily and it’s no fun)

Mary | Satoshi Club:

Oh, I still can’t get used to the masks😀

Ken Berniklau:

RIGHT!!!

Mary | Satoshi Club:

But how big is your team now?

Ken Berniklau:

I like urs

Matt Arney:

Our team is over 70 people right now

Mary | Satoshi Club:

Wow! So big

Gold Rocket | Satoshi Club:

Amazing👍 Do you want to add something?

Mary | Satoshi Club:

And you have offices or work remotely?

Matt Arney:

Our HQ is in Palo Alto, CA close to all the action in Silicon Valley. We’re a short hop from Google, Facebook, Apple etc.

Mary | Satoshi Club:

Ha, you know places😀 Ready for the 5th questions, guys?

Matt Arney:

We have over 30 engineers dedicated to our project plus a team of project and marketing folks – most work remotely due to Covid-19 right now but the plan is to work from Palo Alto as soon as we get the vaccine

Ken Berniklau:

SURE

Gold Rocket | Satoshi Club:

Q5 from Telegram user @Eliasbb

I noticed that Findora has two tokens FRA (on Native Chain) and FIND (On Ethereum Blockchainchain). My question is why you created Findora on Two Blockchain? What will be the difference between these two? Will the Total be different on both chains? And What are the advantages of using two Blockchain at the same time?

Ken Berniklau:

You did good research @Eliasbb – FIND was the former ticker that we used for the Findora token while still in the planning stages. We decided to change the name to FRA after discovering FIND was unavailable. FRA is required for access to its core features and functionalities, including staking, governance, payment for transactions, privacy-enhancing features & access to advanced financial application building tools, and other services. For more info on FRA please go to info.findora.org

Mary | Satoshi Club:

But did you still have FIND tokens on ETH? Or they are useless?

Matt Arney:

Honestly, I haven’t seen them on ETH but will ask the team. It’s likely someone else ticker. Ours is FRA

Matt Arney:

(btw – shameless plug two of our options are sold out right now)

Mary | Satoshi Club:

Wait, is something still available?👀 Another round?

Matt Arney:

Yes, details are available at info.findora.org

Mary | Satoshi Club:

Congrats with successful round👍

Matt Arney:

Uh, to clarify this is same round don’t want anyone to understand

Mary | Satoshi Club:

And ready for the 6th and last question from this part?

Matt Arney:

Sure

Gold Rocket | Satoshi Club:

Q6 from Telegram user @meml97

What kind of industries are you trying to get to? What partnetships and investors are you aiming for, and why?

Matt Arney:

Thanks for asking @meml97 – as mentioned before we have signed a number of deals in the last 60 days that we plan to announce soon. In July of last year, we announced a partnership with Tencent Cloud that enables us to provide the world’s first confidential ledger products on top of Tencent Cloud. The integration supports encrypted transaction and asset issuance, processing, verification and storage.

Mary | Satoshi Club:

I remember i asked on previous AMA and ask once again – what is your priorities? Enterprises or private persons? Did something change?

Matt Arney:

Currently we are focused on the enterprise however private developers are welcome to sign up and test out our platform too

Mary | Satoshi Club:

So, changed😀 Alright, thank you for your answers 👍

Matt Arney:

Thank you!

Mary | Satoshi Club:

Ready to start with the live part? Storm, hard rain of questions?)

Ken Berniklau:

Let it rain!

Mary | Satoshi Club:

Let’s go 🚀

PART 2.Questions about the Findora 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 Royal 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 @DiegoRME

Is your FRA token still available to buy at your preale? And if it is still available at what price is 1 FRA token and in which asset can the purchase be completed?

Matt Arney:

FRA is still available – please go to sale.findora.org for detailed info on this

Q – 2 from a telegram user @azrayeni

How does signing up for the Findora testnet works? Do you have any bounties for developers joining the testnet? Thx.

Matt Arney:

Findora (https://findora.org/testnet/)
Testnet – Findora

Q – 3 from a telegram user

@boradam

Can you tell us the unique feature that your project has and implemented but others don’t have?

Matt Arney:

Findora (https://findora.org/testnet/)
Testnet – Findora

Q – 4 from a telegram user @vedamatrix

How is the speed of Findora project right now? Can you compete with other projects when it comes to speed?

Matt Arney:

I love the Matrix – our testnet launched in Aug and mainnet in Q1 – that’s pretty fast isn’t it for an ambitious project like ours?

Q – 5 from a telegram user @BboyForteVZLA

I understand that your current team is made up of 70 members but can you tell me if you plan to increase it and how would it be affected if it decreased? And how likely would it be?

Ken Berniklau:

YMBB, we’ve been ramping for success. As Matt mentioned, Mainnet will be made available in Q1

Q – 6 from a telegram user @Xusuo

So what is Findora different than other networks like
#Monero, #Dash, or even with #ETH? What is the most specialty from Findora that others don’t have?

Matt Arney:

Findora’s tokens are auditable. Others are not Privacy-preserving coins on Findora support smart contracts. Others do not.

Q – 7 from a telegram user @eberthFC

from one to ten how safe is Findora? and why should I trust it?

@KenB7:

Eberth, since the privacy on a blockchain is guaranteed, we can break the data silos: even competitors can do transactions on the same Findora blockchain without being worried that they can see each other’s business secrets.

Q – 8 from a telegram @tuvalunia

Have you had your project audited by an independent party?

Matt Arney:

We were just audited recently – https://findora.org/2021/01/findora-code-audit-report/

Q – 9 from a telegram user @BboyForteVZLA

Can you give me more information about FINDORA WALLET? Is it the typical wallet or does it have something that differs from the others? How many blockchain networks does it allow or is it exclusively for your mainnet?

Matt Arney:

https://wallet.findora.org/

Q -10 from a telegram user @Spott

What does it take for a developer to build on FINDORA platform?

Ken Berniklau:

Forte, visit FIndora.org for information to register and access tools for testnet. Mainnet will be developed in this manner with STK available.

Part 3 – Quiz about project

In the final part, a quiz was held in terms of the Findora project. The 4 questions were prepared. Participants had 10 minutes to answer. The 300$ was distributed between the winners.

Our contacts for more details: 

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Our Crypto Partner by this AMA: Findora

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