Month: February 2021

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Trodl. The AMA took place on February 27th, 2021 and our guest was @cs_trodl.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: Hello, dear Satoshi Clubbers! We are pleased to announce our AMA with Trodl Today our guest is @cs_trodl!😊

Andrés M. | Satoshi Club: @cs_trodl it is an honor for us to have you here today. How are you?😃

Gold Rocket | Satoshi Club: Welcome to Satoshi Club, @cs_trodl!

Kuldeep | Trodl.com: Hey thanks for having us today its our pleasure to be here 🙏

Gold Rocket | Satoshi Club: Thanks for joining 👍

Andrés M. | Satoshi Club: Let’s make an exciting and interestings AMA session for the community 🥳@cs_trodl Could you introduce yourself and tell us more about Trodl Wizard?

Kuldeep | Trodl.com: Excited for the AMA

Andrés M. | Satoshi Club: Same 😁

Kuldeep | Trodl.com: Hello everyone, My name is Kuldeep Singh and I am the founder and CEO of trodl.com. Trodl is the next generation crypto information platform designed to connect the world with the future of finance. It is the first fully interactive crypto information platform designed to be your gateway to the crypto world.

Gold Rocket | Satoshi Club: Sounds good👍

Andrés M. | Satoshi Club: How this idea came to your mind? I mean to create a platform of this type

Kuldeep | Trodl.com: Scattered crypto information and lack of interactive crypto information platform are proving to be a major entry barrier for crypto mass adoption. We wanted to create a crypto information platform which is fully interactive and has best user experience to offer and thats how we started building trodl almost a year back.

Andrés M. | Satoshi Club: Amazing idea, definitely we need more ideas like that to increase the adoption of cryptos

Kuldeep | Trodl.com: Well every crypto startup is trying to build next DeFi mania but very few working to create a platform which solves basic level problems such as scattered crypto information, improved better experience and transparen flow of information

Gold Rocket | Satoshi Club: That is, it is somehow connected with social networks?

Kuldeep | Trodl.com: Well i would say its an advanced version of reddit + telegram fully packed with crypto information

Gold Rocket | Satoshi Club: I think this should be a very promising resource.

Andrés M. | Satoshi Club: Which benefits it offers different to that social networks that you mention?

Kuldeep | Trodl.com: So trodl is next level crypto information platform which allows its users with all the required crypto information in one place. A fully interactive platform that allows users to connect with seasoned crypto traders, follow their crypto portfolio, and purchase price signals with confidence.

Andrés M. | Satoshi Club: I agree with you, actually I’m excited to prove your platform 😁

Kuldeep | Trodl.com: You would love it!

Gold Rocket | Satoshi Club: thank you for your intro! ready to proceed to the questions from Satoshi Clubbers?😊

Andrés M. | Satoshi Club: Let’s go @cs_trodl

Q1 from Telegram user @lzamg

 Can you tell us about the trodl points (TRP)? Is this the project’s native token? Can you explain with more details about the utilities of TRP? Where and when will we be able to acquire TRP?

Andrés M. | Satoshi Club: Good question

Kuldeep | Trodl.com: Sure so Trodl Points ( TRP ) is the native token of trodl ecosystem. TRP is used for Platform utility, user incentive and platform governance. Users can earn TRP in several ways, by building up reputation on the platform, by staking, by contributing accurate and verifiable crypto information. TRP can also be staked to mint Trodl Credit which can be used to pay for post boost, advertisement, Transaction Fees and mint NFTs.

Andrés M. | Satoshi Club: How many tokens is the minimun amount for staking?

Kuldeep | Trodl.com: Users can stake as low as 100 TRP

Gold Rocket | Satoshi Club: Tell us please about your tokenomics btw

Kuldeep | Trodl.com:

Here are some of the major use cases of TRP

Here you can check complete tokenomics https://drive.google.com/file/d/12G-QSmynknuqTnZEyrjm_W2hzzLnbLwx/view

Gold Rocket | Satoshi Club: nice use cases👍

Kuldeep | Trodl.com: We call it Trodlnomics 😊

Andrés M. | Satoshi Club: Haha yes 😁

Gold Rocket | Satoshi Club: good find😁

Andrés M. | Satoshi Club: And how is posible to create a reputation in the platform? do you have a like and dislike system or something like that?

Gold Rocket | Satoshi Club: Thanks for the answer! Ready for the next question? Or do you want to add something?

Kuldeep | Trodl.com: Trodl reputation is the secret sauce to keep trodl spam free and encourage users to only share relevant and verifiable content. Sure

Andrés M. | Satoshi Club: Thank you for the answer

Q2 from Telegram user @magnatech_ve

The first phase of the project talks about monetizing direct messages, can you explain a little how that function will be? Will the community be in charge of conducting the massive tests?

Kuldeep | Trodl.com: Trodl DM monetization feature allows users to put a paywall on their DM which acts as a filter from unwanted messages. So for an example i can only allow people to message me if they are willing to pay me $100 for my 30 seconds of time by doing this i will only get messages from genuine parties and i can then decide if i wanna refund back the fees or keep it. You all must have encountered tons of messages on telegram asking for $10 worth of ETH or send me 1 ETH and will send 10 ETH back schemes. No more spamming and no loss of business either

Gold Rocket | Satoshi Club: lol! this is very smart! 😁

Andrés M. | Satoshi Club: Ohh great feature, so many people could use the platform as a work

Kuldeep | Trodl.com: Exactly!

Andrés M. | Satoshi Club: So, users can charge a fee to show their posts and trading advices with the community?

Kuldeep | Trodl.com: Yes so content creators can monetize their content with over 100 crypto assets

Gold Rocket | Satoshi Club: Your website says that the community is validates content. How to do it?

Kuldeep | Trodl.com: Unlike twitter and telegram where so called crypto influencers always get away with false and incorrect content by simply deleting it. Trodl allows users to counter any information shared on the platform by staking TRP to back their claim. If the counter is true original content creator gets penalized and the users who countered the content gets incentivised. So if i post something which is factually incorrect users can counter me and i will get penalized for being wrong

Andrés M. | Satoshi Club: The platform is only for crypto information or the users can post info about whatever they want?

Kuldeep | Trodl.com: Its just for crypto

Gold Rocket | Satoshi Club: Thanks for the answer! Please tell us more about your team! I saw on the site these are pretty young guys😊

Gold Rocket | Satoshi Club: What functions do they perform, how many people?

Kuldeep | Trodl.com: Haha sure. Lead by me and Vinod, a team of 7 full time members are building trodl at rapid pace. We also have 3 contract employees. Imagine Patreon powered by your favorite crypto

Andrés M. | Satoshi Club: I like so much the idea. Haha yes, spam messages are something common in Telegram

Gold Rocket | Satoshi Club: This means that the user have to be a very popular person so that everyone wants to pay for communication with him

Kuldeep | Trodl.com:  Exactly so lets say i wanna reach out to a crypto VC through trodl platform i am happy to pay $100 as i know my message won’t go their spam folder and high chances i will get my money back.

Gold Rocket | Satoshi Club: now the meaning is clear to me.

Andrés M. | Satoshi Club: So interesting, that’s what I need here 😁

Gold Rocket | Satoshi Club: Thanks for the clarification😉 ready for the next question?

Q3 from Telegram user @Highpee

 The Total supply of $TRP is 1,000,000,000 and only 25.50% of this is allocated for token sale. Out of the 25.50% of Tokens allocated to sale, 18% of it has already been distributed in a seed and private sale and you are only going to make 3% of sale allocation available to the public through an IDO that will be determined later. Who are those who participated in the seed and private sale and how are you going to ensure they won’t dump the token to the detriment of other public investors when the price is favorable to them? Lastly, when and how do you intend to carry out the public IDO?

Kuldeep | Trodl.com: Ok so let me take a moment to answer this

Andrés M. | Satoshi Club: Take your time

Kuldeep | Trodl.com: Unlike many IDO projects now a days we have been building trodl for over a year now and we have a fully working product. We raised our early backers round in Mar, 2020 followed by seed later in 2020. All of our seed and private investors are  industry heavy weights who are not looking for short term gains. Some of our backers include, Etiënne from TRGC, Mantrdao, Jeff from Trustswap, Altcoinbuzz Founder, Boxmining, Kenzi from AU21 Capital. Since we aren’t raising big most of the investors had to join in their individual capacity.

Andrés M. | Satoshi Club: A very clear answer

Kuldeep | Trodl.com: We have offers from several leading IDO launchpads and we will take a decision on this in next couple of days😊

Andrés M. | Satoshi Club:  So about it have you auditted the project?

Kuldeep | Trodl.com: We will go through dual audit before we go live!

Andrés M. | Satoshi Club: Great, it is a great topic to increase the trust of the users

Kuldeep | Trodl.com: We are also backed by the founder of https://www.zokyo.io/ a leading a market-leading blockchain technology company with a mission to secure and build Web 3. Yes i totally agree on that and security is our top most priority.

Andrés M. | Satoshi Club: Congratulations for for giving the importance it needs

Gold Rocket | Satoshi Club: thanks for the answer. ready for the next question?😉

Kuldeep | Trodl.com: Always

Q4 from Telegram User @Z0ryan

Based on your roadmap, you have decided to collect all the market trends on one platform – DAO, Launchpad, NFT Marketplace, Crypto Games, Prediction Marketplace, Crypto Information Platform etc. And all this should be launched by the end of 2021. It seems that these are the plans of a huge corporation. Tell me, how many people are working on all this and how much do you estimate the possibility that you may be late with something?

Kuldeep | Trodl.com: Great question so as i mentioned before we have been working on the platform for over a year now and we have already completed development of main platform and we have also plugged in a contractual team to help us speed up the development process and we are very confident of delivering everthing as per roadmap.

Andrés M. | Satoshi Club: I read at your Trodlnomics about Trodl Pro that will be launched in Q3 of this year, could you explain more about that? Trodl Pro* what it means? which features it will have?

Kuldeep | Trodl.com: Sure. Trodl pro allows users to go completely add free and enjoy full access to various technical indicators.

Andrés M. | Satoshi Club: Oh great, so they’ll have the option to acces of the complete features of the platform, how much it will cost for users?

Gold Rocket | Satoshi Club: Your roadmap says about crypto games, it’s very interesting, how will this be implemented?

Kuldeep | Trodl.com: So we believe crypto gamification can help users learn things much faster and simulate with dummy data before betting with real money and keeping that mind we will be introducing several fun games which will allows users in understanding crypto and trading in a fun and simplified way.

Gold Rocket | Satoshi Club: good feature! 👍 Thank you very much for the answer. Can we proceed to the next question?😉

Kuldeep | Trodl.com: Absolutely

Q5 from Telegram user @Antoni_azx

 So far I really like Trodl website and its minimalistic design, but I feel like there’s a lot of valious missing information on Medium and the access to a whitepaper, do you have one? What is Trodl’s principal announcement and informative channel?

Kuldeep | Trodl.com: Yeah so we have been kind of building in stealth mode until now and getting the product right has been our main focus but i see where you coming from we will soon make an official medium announcement with a detailed post about trodl and all the features which you can expect at launch. You can subscribe to our medium blog at https://blog.trodl.com/ or join our announcement channel @trodl_ann to stay upto date.

Gold Rocket | Satoshi Club: please do not forget to share with our community

Andrés M. | Satoshi Club: Yes, we will be waiting for news about it

Kuldeep | Trodl.com: Definitely 👍

Andrés M. | Satoshi Club: Now we have the last question of the part 1 😃

Q6 from Telegram user @victorogb

 Trodl has made a bold step by venturing into a niche content validation and publications which is quite popular within the crypto/DeFi space. However it seems only contents that have high Trodl staking points from validators are deem as “accurate and right”. Don’t you rather think this validatory process alone wouldn’t be totally efficient, being that the validation is left entirely to the validator/user who stakes Trodl points, and are there other validatory processes aside from that stated above?

Kuldeep | Trodl.com: Waitlist submission is live at https://trodl.com/ those who wanna be part of closed beta testing can jump on and fill the form. We have an exciting gift for the first 50,000 users which we will announce in near future. Trodl validators are normal users who wants to take part in content validation and to make them accountable for their actions its important to have something at stake. Every validator will be staking a fixed amount of TRP.

Part 2 — live questions from the Telegram community

Q1 from Telegram User @cengizhantekin

✅ I see an NFT target on your roadmap. What is your plan with NFTs?

Kuldeep | Trodl.com: So on trodl every community has its own meme collection where users can contribute memes and by integrating NFT marketplace we provide opportunity to meme creators to monetize their work.

Q2 from Telegram User @adamlike

Do you require KYC confirmations for investing on your token and project for presale?

Kuldeep | Trodl.com: It depends on which IDO platform we launch.

Q3 from Telegram User @nadee5

💧Can I know the minimum amount of TRP to stake to become a validator ?

@cs_trodl

Kuldeep | Trodl.com: Any user can become a content validator on trodl by staking 10,000 TRP

Q4 from Telegram User @Sumione

What are the ways to buy $TRP ? how do I join your public sale

@cs_trodl

Kuldeep | Trodl.com: Hey so we will publish more information about this in coming days you can join our group @trodl or subscribe to @trodl_ann for latest announcements from the team

Q5 from Telegram User @Kushal85127939

Q How Trodl team assist Publisher? Is there any Whitepaper or videos for beginners?

Kuldeep | Trodl.com: If you have used medium or LinkedIn you will find trodl publisher dashboard very familiar and we will also publish a video in this regard.

Q6 from Telegram User @alice_wonderland12

🔥How is the signal trading experience in Trodl? What is the minimum profit average that a trader would need to be allowed to give signals? Also, this reputation, would it be settled solely by the community, or will the team have some participation in here? Considering that the community is not necesarily an expert in this terms

Kuldeep | Trodl.com: Hey so we will allow traders to import their previous trading history which will help them in setting up their initial reputation on the platform also they can start with free signals which will help in building reputation. There is no minimum % gain threshold as buyer will be able to see the profit potential before they unlock the signals and they can decide if they wanna unlock signals which have lower % of gains or not.

Q7 from Telegram User @nadee5

📌Can I know more about “Trodl Credit” ?

@cs_trodl

Kuldeep | Trodl.com: Trodl Credit is the currency used to pay for advertisement and services on trodl platform the only way you can get hold of Trodl Credit is by staking TRP.

Q8 from Telegram User @centoscu

How is the governance vote works on Trodl ecosystem and what do I need to have a governance vote privilege?

Kuldeep | Trodl.com: Unlike other social media platforms which are controlled by board of directors and CEOs Trodl platform will be governed through TRODL DAO, enabling decentralised control and evolution of trodl ecosystem.

Q9 from Telegram User @Emmie971

How will you ensure that you gain new users steadily; do you have a strategy to attract people?

@cs_trodl

Kuldeep | Trodl.com: We have a solid go to market strategy in place and along with our strategic partners we are very confident of attracting thousands of users.

Q10 from Telegram User @Kushal85127939

Q Can you please give us an overview of Trodlenomics? And is there any plan for TRP native tokens burn, mint, or issue new tokens in future?

Kuldeep | Trodl.com: Trodl Points has a fixed supply of 1b TRP out of which 25.5% tokens have been allocated for sale, 40% ecosystem reserve, 20% team funds, 12% for liquidity and marketing and 2.50% for strategic advisors. We will introduce a burn mechanism in near future. You can read the complete tokenomics at https://drive.google.com/file/d/12G-QSmynknuqTnZEyrjm_W2hzzLnbLwx/view

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Trodl. 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:

Group: https://t.me/trodl

PART 1. Introduction of Digital Fitness and community questions.

 Hello, Satoshi clubbers and guests of this site. Today we will present you with a crypto project that will keep you in good physical shape.
 Digital Fitness is A unique system of Synergy Health and rewards for achieving success. Now you don’t have to leave the house to see a doctor.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster and Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7

The Representative of the project:

Denis CDO | 360Wellness – @playza23 The Chief Digital Officer and Crypto Lead of ‘Digital Fitness

Kevin | 360Wellness – @ataraxia360 Founder and CEO of 360Wellness

Introduction of Digital Fitness.

Luis merino 🇪🇸 | satoshi club:

Hello everyone and welcome to another ama session with Satoshi club. Today our guests are from digital fitness.

@ataraxia360, @playza23 welcome! Feel like at home 😉

Mary | satoshi club:

Hello, satoshi club! We are happy to announce our ama session with digital fitness #defit! Welcome to satoshi club😀

Denis cdo | 360wellness:

Hi, mary.

Kevin | 360wellness:

We already do! Thank you and glad to be here with you.

Mary | satoshi club:

Hello, Denis  and Kevin! Happy to see you here today!

Denis cdo | 360wellness:

Great to be here and thanks for setting this up! We are excited

Luis merino 🇪🇸 | satoshi club:

We are excited too 😄

Mary | satoshi club:

We are also! I really like your project and want everyone to hear about it🚀

Denis cdo | 360wellness:

Sure, we are here to give a lot insight into the project and happy to share all our visuals + videos too.

Mary | satoshi club:

Sure! It’s fantastic! I know you have a lot of awesome materials to share! So, let’s start our journey to the digital fitness planet😀

Kevin | 360wellness:

That’s what we’re here for 🙂 got a pretty good warmup already in our channel!

Mary | satoshi club:

Let’s start with introduction 😀 please, introduce yourself to our community and of course digital fitness #defit!

Denis cdo | 360wellness:

Cool, I’m Denis , the chief digital officer and crypto lead of ‘digital fitness’ $Defit – (360wellness is our parent company)

My background is in social media with over 11+ years of experience in the sector with digital content creation and marketing initiatives with a leading sml firm based in Singapore.

Mary | satoshi club:

Nice to meet you😀

Luis merino 🇪🇸 | satoshi club:

11 years! Great background 😄

Denis cdo | 360wellness:

I’ve been in crypto since early 2017 and stopped my job back then to fulfil this passion. Kevin and I were close flat mates in Singapore, and we did training in triathlon and weight lifting.

Mary | satoshi club:

I already told today that 2017 brought to crypto a lot of gems😉 and you’re definitely one of them!

Denis cdo | 360wellness:

Yes, it really did!

Kevin | 360wellness:

And here I am. My name is Kevin, founder and CEO of 360wellness.

Mary | satoshi club:

Wow! So, it was your brilliant idea.

Kevin | 360wellness:

I’m French but moved to Singapore in 2013 where i lived for 7 years as head of product management and engineering for the Asia pacific region.

Worked 12 years for the 2nd largest automotive parts manufacturer, a German company named ZF until I resigned to found 360wellness.

Mary | satoshi club:

Your background really exciting!

Kevin | 360wellness:

Sport has always been there in my life and beside my career I got hooked in triathlon a few years ago and became a competitive ironman athlete.

Luis merino 🇪🇸 | satoshi club:

Sounds amazing Kevin 👏😁 Ironman athlete! Not everyone can say that so, congratulations 😉😉

Kevin | 360wellness:

So naturally started to coach athletes remotely which led me to this company project. Building a decentralized fitness platform and wellness community.

Luis merino 🇪🇸 | satoshi club:

Isn’t difficult to coach athletes remotely?

Kevin | 360wellness:

Absolutely not. I myself had a coach building and uploading my training plans into an app i used back then.

Denis cdo | 360wellness:

Kevin has been in a lot of ironmans! 😁

Kevin | 360wellness:

By the people for the people. So, what’s more natural to have our own decentralized currency. And Denis came into the picture to create with me $defit. And here we are today 🙂

Mary | satoshi club:

It’s really something new, i saw a lot of projects here, but nothing comparing with digital fitness 😀

Denis cdo | 360wellness:

Yes, the live class integration with crypto hasn’t happened yet! At least from what we can see

Mary | satoshi club:

I saw some projects, but they failed. They were not so complex. What is the main concept behind digital fitness?

Denis cdo | 360wellness:

Yes that is true however we already have the mobile app developed, not many projects in cryptocurrency have something built before the coin sale

Luis merino 🇪🇸 | satoshi club:

You are right Denis  👏

Mary | satoshi club:

Oh, it’s a real pain🤦 they’re selling air sometimes.

Denis cdo | 360wellness:

Exactly 😅

Kevin | 360wellness:

So that’s a good one. Over the years I’ve been very close as you can imagine to many athletes and coaches. I raced 16 ironmans in the last 5 years. Well before the pandemic started. And came to realize how millions of endurance coaches, freelance instructors for fitness, yoga, etc. struggle to build and grow their businesses. They’re not really tech nor marketing savvy.

So we decided to build the ultimate platform for them to do that.

Mary | satoshi club:

Luis merino 🇪🇸 | satoshi club:

An experienced one 👀😊

Denis cdo | 360wellness:

Thanks for sharing our team!

Mary | satoshi club:

Btw, guys, I also want to add this! Your team is really great!

Kevin | 360wellness:

Thank you I am so blessed to have had so many brilliant people joining me to make this project a reality.

Denis cdo | 360wellness:

It’s not only Kevin and me on the project but we have 4 core teams and a couple extended. On top of that, we are working with 3 tech teams now, 2 are shown, and just got our first major pr firm onboarded today.

Mary | satoshi club:

Yes, also I like how you are planning to bring the fitness world onto the blockchain 🙂

Kevin | 360wellness:

Yes, imagine. A large crypto influencer today has what? 100,000 subscribers on youtube?

Mary | satoshi club:

Wow, I need to think😉

Kevin | 360wellness:

We got two full-time tech teams working on our mobile and web applications. And many more partners for $Defit who will be supporting us. But can’t really disclose everything so soon can we? 😜

Mary | satoshi club:

We like hints and secrets here😀

Kevin | 360wellness:

Imagine tomorrow fitness influencers above 1m followers holding and shilling $defit.

Mary | satoshi club:

This will be huge! If social media can help even in presidential elections, so they will definitely help in making digital fitness great!

Kevin | 360wellness:

You’re absolutely right.

Luis merino 🇪🇸 | satoshi club:

Just saved your sticker pack. I love it 🥰

Kevin | 360wellness:

We got a great designer indeed. Few more packs in the making 😉 we love to create!

Denis cdo | 360wellness:

Yes we’ve got 2 main parts on why we’ve brought our project over onto the blockchain, they are:

1. Bringing the large fitness influencers onto the blockchain

And rewarding our community for the achievement of their goal. It’s time to bridge the gap between the two as crypto is becoming more mainstream. It’s the perfect time for it.

2. The gamification of the app is a major part of what we have planned to build as well. We have seen how many benefits users and coaches will be able to get from all the token uses.

 

Luis merino 🇪🇸 | satoshi club:

Denis cdo | 360wellness:

Let’s take a moment to watch our video promo ad we’d like to share.

Built by Kevin and our amazing video designer!

Luis merino 🇪🇸 | satoshi club:

Amazing video Denis ! Thanks for sharing it 😊👏

Mary | satoshi club:

Your designer knows what he is doing👍

Luis merino 🇪🇸 | satoshi club:

Indeed 😁

Kevin | 360wellness:

You know sometimes it’s just about being at the right place at the right time. I’ve quit my job to found 360wellness in late 2019.

When the pandemic came we had our full project specs done, UI/UX completed, and a team of 5 software engineers full time. So we kinda got an ahead start over everyone shifting to online fitness massively

Denis cdo | 360wellness:

Thank you, Luis and Mary! We can also later go through a few videos on our product demo.

Luis merino 🇪🇸 | satoshi club:

Kevin, Denis, are you ready to start with our amazing community questions? 😉

Denis cdo | 360wellness:

Sure.

Kevin | 360wellness:

Sure! Bring it on

Luis merino 🇪🇸 | satoshi club:

Preselected questions about the Digital Fitness project.

Mary | satoshi club:

Q1 from telegram user @meml97

On your app, you have these classes we can take, but we have to pay for every one of them. Do you have plans on adding free classes to your app? Also, on your web it says that our progress will be checked through these classes, are they the only way to have stats and an evolution track on your app?

Kevin | 360wellness:

Yes, our product concept is fully decentralized which means that every trainer can get this digital space to exist by themselves within our ecosystem and build their client base and sell their services. It’s a pay-as-you-go model. Our end goal as the number of participants increase is to bring the cost per pax down to as low as 0.50cents. Some trainers we talk to today have 1,800 participants to their live classes on ig. Imagine everyone paying 50 cents…making it affordable to everyone via the scalability of online

Today every live class has preset wellness benefits added to your tracker. We are now working on connected wearables integration which means you can sync your Garmin, Suunto, Polar, Fitbit devices as well. Get everything in one place 😉

Mary | satoshi club:

Yes, I know that live classes are really popular now and they’re expensive. With 360wellness they can be much cheaper 😀 I just downloaded your app, can you give me advice on how I should start to use it? 😉

Kevin | 360wellness:

The average price today for the last 4 months is at 7.5usd. The more participants we get the lower the price will go

Mary | satoshi club:

I am joining 😂

Luis merino 🇪🇸 | satoshi club:

Only?! 😳

Mary | satoshi club:

It’s cheaper to train with 360wellness than lay on the sofa and watch Netflix 😂

Luis merino 🇪🇸 | satoshi club:

You are right 😂😂😂 Indeed, live classes have been very popular since covid started and some coaches are taking advantage of the situation with huge prices

Kevin | 360wellness:

I want it to become 50cents per participant! 1,000 participants for one public live class will bring 500usd to the coach. Good for him, affordable for the community

Denis cdo | 360wellness:

Ok sure I can show some videos for the product demo

Hope you’re all ready for our live product demo with some videos! Turn on the sound for the full experience 😃

Denis cdo | 360wellness:

Mary | satoshi club:

Sure🚀

Denis cdo | 360wellness:

https://esatoshi.club/wp-content/uploads/Company_Coaches_Classes.mov#t=0.1

How did you like it?

Luis merino 🇪🇸 | satoshi club:

Pretty useful video! 🎉

Denis cdo | 360wellness:

We can share a couple more to dive deeper into our 360wellness tracker.

Mary | satoshi club:

Of course! We need them all! Very nice video! It will really help me! And of course, our Satoshiclubbers 🚀

Denis cdo | 360wellness:

Yes, that is the idea!

So you’ll be able to add not only through the connected wearables and live classes the activities you are doing but also manually too.

https://esatoshi.club/wp-content/uploads/Digital-Fitness-Fitness_AddActivities.mov

Mary | satoshi club:

A lot of great material!

Yes, I started to discover app and… What can I tell, guys, you’re here in time😂 summer soon and we want fitness for our bodies!

Denis cdo | 360wellness:

Yes, great idea mary haha! Always great to prepare for that time. And cut down the food intake!

Mary | satoshi club:

I am afraid that Satoshi club will lose me😂

Luis merino 🇪🇸 | satoshi club:

😄😄😄 Great function 😊👍  👏👏👏👏👏👏

Denis cdo | 360wellness:

Let’s, go into nutrition now. Since we have 4 parts, fitness, nutrition, recovery, and feel.

 

https://esatoshi.club/wp-content/uploads/Nutrition_SetNewGoal.mov

Denis cdo | 360wellness:

Ok 2 more quick videos coming

This one is quite important, not many fitness app have this where you can track your emotions and wellness too.

https://esatoshi.club/wp-content/uploads/Feel_AddReport.mov

Mary | satoshi club:

Emotions? Fantastic 🚀

Denis cdo | 360wellness:

Yes, its like your own personal weekly diary of emotions. Very powerful when you have a bad day and look back in the week with many awesome days of emotions!

Mary | satoshi club:

I am a bit afraid 😂

Kevin | 360wellness:

Keeping emotions in check is first time towards mindfulness and the overall inner balance we aim to promote.

Mary | satoshi club:

That’s true! We need it! Especially now, when we have some dumps😂

Luis merino 🇪🇸 | satoshi club:

Btw, is it possible for me to register as a coach?

Kevin | 360wellness:

Haha good question. I was waiting for that one. We only got onboard 30 trainers last september to run the soft launch until now.

But we will launch our web app in march where from the website (our brand new website coming up on march 10th) every professionals can access the web application to create their company and team of instructors.

Luis merino 🇪🇸 | satoshi club:

Thank you for your answers.

Denis cdo | 360wellness:

1 final video and probably a key element is to share with your friends and get fit together, making sure you get healthy together and it makes it much more enjoyable!

Mary | satoshi club:

🚀🚀🚀

Denis cdo | 360wellness:

https://esatoshi.club/wp-content/uploads/Class_ShareWithFriends.mov

Kevin | 360wellness:

Waiting list has been growing ever since but we’ve been focused on building the foundations and validating our business model and technology up to now. But sales and marketing campaign starting in april 😉

Mary | satoshi club:

Thanks, guys! Amazing answers and presentation!

Denis cdo | 360wellness:

Awesome!

Luis merino 🇪🇸 | satoshi club:

Kevin | 360wellness:

It helps to have a ready product 🙂

Mary | satoshi club:

Are you ready to proceed? We have 5 more questions in this part 😀

Kevin | 360wellness:

Sure please.

Denis cdo | 360wellness:

Sure.

Mary | satoshi club:

Q2 from telegram user @jesusfre1tes

One of the most important elements to drive new resurgent platforms is marketing. What marketing strategies have digital fitness used to drive its decentralized business model? I read that your base of operations is located in Singapore, one of the world’s financial epicenters, what benefits has this brought to your platform? Do you plan to expand outside the Asian markets?

Kevin | 360wellness:

Our teams are working remotely across 12 locations. Southeast Asia is our most strategic focus for this year as it represents a 670m population and very lean in the audience, early adopters of new technologies, and quite an uncompetitive market with no local big player in the space, unlike the USA, India, or China. So establishing ourselves as the online fitness company in the sea is a priority one before aggressively rolling out globally.

Denis cdo | 360wellness:

Yes, our base of operations is in Singapore and we have already been recognized for our efforts with the following award!

Over 600 companies from Asia were a part of this competition and we came out on top in all categories! A lot of work was done to get there and we are happy to have been awarded this prestigious achievement. This has helped us get recognized for our marketing initiatives too.

Luis merino 🇪🇸 | satoshi club:

Congratulations on that! #1 in everything? 😄

Denis cdo | 360wellness:

Thank you! Yes, we gained the top spot on votes!

Kevin | 360wellness:

That was great recognition indeed 🙂

Mary | satoshi club:

How many users do you currently have?

Kevin | 360wellness:

We are close to hitting the 3,000 marks. Maybe after this AMA? 😃

Mary | satoshi club:

So, we are early birds🚀🚀🚀

Luis merino 🇪🇸 | satoshi club:

Not bad 😉 Count on that 😳Satoshiclubbers are the best 🎉

Denis cdo | 360wellness:

Yes, congrats on 46k members!

Kevin | 360wellness:

We also attended the APAC fit summit. Quite a humbling experience being there sitting at the table next to the greatest names in the industry like ClassPass, mind-body, etc…these are over $1b companies so being there and acknowledged and praised for our product  concept was amazing

Luis merino 🇪🇸 | satoshi club:

Btw, when opening the app, I am asked for permission to use my GPS, what is its use?

Kevin | 360wellness:

Go to your calendar and you will see your location and integrated weather forecast.

Mary | satoshi club:

Really happy that we find you at the very beginning 🔥 Oh, I will never forget my umbrella with your app😀

Kevin | 360wellness:

It’s just for that reason and updating all the live class time according to where you are. Haha.

Luis merino 🇪🇸 | satoshi club:

Sounds great 👏

Kevin | 360wellness:

We are very strict user privacy policy and GPDR compliant from start. Never ever we will sell our user data. You have my word here.

Luis merino 🇪🇸 | satoshi club:

That’s very important! 👏

Mary | satoshi club:

That’s a very good point! With this, you will have full trust from your users!

Kevin | 360wellness:

Our business model allows so many monetization strategies that we don’t need to sell data. This is one of our core principles since the start.

Mary | satoshi club:

I like this principle 😀 , to be honest, I personally very careful with my data sharing

Denis cdo | 360wellness:

Yes so are many other crypto savvy people 😀

Kevin | 360wellness:

Oh by the way. We recently started to reach out to brands for partnerships. We got a few we can share with you to get a 30% discount using the 360wellness promo code. In case you are interested

Mary | satoshi club:

Yes, of course, we are👍 And now we’re back to this question 😉

Kevin | 360wellness:

Wanna know which ones now or later?

Luis merino 🇪🇸 | satoshi club:

Not yet!

Mary | satoshi club:

Never put off later what you can do now😀

Kevin | 360wellness:

Who got the last word?

Luis merino 🇪🇸 | satoshi club:

We have a question from the community somehow related to that.

Denis cdo | 360wellness:

We could share one of them 😉

Luis merino 🇪🇸 | satoshi club:

So maybe you can share it later 😉

Mary | satoshi club:

Let’s move to this question and we won’t have a disagreement 😂

Kevin | 360wellness:

Let’s continue with the questions for now

Denis cdo | 360wellness:

Sure

Luis merino 🇪🇸 | satoshi club:

Mary, the third question is knocking on the door 😉

Mary | satoshi club:

Q3 from telegram user @lzamg

360wellness has partnered with several health and fitness professionals, so I would like to know if it’s possible for independent health professionals to be part of your project and contribute as an instructor or nutritionist? If you are open to that, what would be the requirements to be part of the 360wellness team?

Luis merino 🇪🇸 | satoshi club:

This one 😉😉

Mary | satoshi club:

And here we go 😄

Kevin | 360wellness:

Ha-ha, ok deal.

Luis merino 🇪🇸 | satoshi club:

Denis cdo | 360wellness:

Mary | satoshi club:

It’s me after using your app😂

Kevin | 360wellness:

We got our early adopters in September. The objective was to keep it a small community to test and approve the platform. Identify their needs. Collect as much feedback as possible from them and give them a head start.

But from April onwards we will welcome everyone. There will be a process to follow from our website and upon validation, you’ll be live on the platform.

The web app has a growth hacking module that lets coaches sync all their social accounts to invite in mass their community to come over. Converting unknown fans into identified users and building an awesome wellness community 🙂

And yes we have a social wall coming as well with no bs algorithms. Remember ig in the good old times?

Mary | satoshi club:

I think, yes😄

Denis cdo | 360wellness:

Yes, we are going to be fair and even let more people who don’t have much reach get featured on our platform. Here is to giving value to the little guys!

Kevin | 360wellness:

So happy to welcome you from April onwards and help you build and grow your business 😉

Luis merino 🇪🇸 | satoshi club:

😂💪

Kevin | 360wellness:

Does Fitness apparel or swimwear?

Mary | satoshi club:

First fitness😉 Please.

Kevin | 360wellness:

Fitness wear for women 🙂

https://fitty.store/

Use 360wellness when checking out to enjoy a 30% promo code. Let me tell you a bit more about why we do this. I documented my triathlon journey on Instagram and grew up to 12k followers.

Mary | satoshi club:

Do you still want me to moderate ama? Or I can go shopping! 😂😂😂

Luis merino 🇪🇸 | satoshi club:

😂😂😂😂😂😂

Denis cdo | 360wellness:

Hahaha oh no mary please resist the urge 😂

Kevin | 360wellness:

I was constantly reached out to by brands offering me ambassador or sponsoring deals. And I thought hold on a second. If I can get 50% off brands with 12k followers on ig, what if tomorrow we have a community of 1m sport and fitness enthusiasts?

So here we go.

Small brands can’t exist with big ones spending millions in marketing. Making 80% gross margin to fund huge marketing campaigns.

Mary | satoshi club:

I really like your complex approach 👍

Kevin | 360wellness:

So it’s a fair deal to tell the brands to partner up with us, we give a discount to our communities, take a commission and promote your brand to our community for free. Win-win for everyone. Power of the community combining purchasing power.

Mary | satoshi club:

Sure, it’s really the situation when everyone is happy! And what about swimwear?😉 summer is near!

Kevin | 360wellness:

Then this is the one you need for this summer. 360wellness promo code for 30% discount

https://swozzi.com/

Luis merino 🇪🇸 | satoshi club:

All the money I save using your app will be used to buy here 😂

Kevin | 360wellness:

To buy Defit coins.

Mary | satoshi club:

Ahaha😂

Denis cdo | 360wellness:

* mary has left the chat *

Mary | satoshi club:

You feel my mood 😂😂😂

Kevin | 360wellness:

This Australian swimwear brand is used by Aussie Olympians and the owner is a fantastic and inspiring lady!

Mary | satoshi club:

Btw, the swimwear for Luis also😉

Kevin | 360wellness:

She does triathlon too that’s how we know each other.

 You save with the app to buy coins and get wealthier. Tell me how it could be better than that.

Mary | satoshi club:

It can’t be, it’s perfect 👍

Denis cdo | 360wellness:

Yes, and you’ll also be getting rewarded with the Defit token.

Mary | satoshi club:

Thank you, guys!

Denis cdo | 360wellness:

Here are some benefits coming for user tier levels!

Kevin | 360wellness:

But you gotta have to deserve it once we launch $Defit 😉

Luis merino 🇪🇸 | satoshi club:

I want to be a diamond! Well, I want to reach diamond level, it’s not the same.

Mary | satoshi club:

I think I know which question will be next😂 We blended all questions, but today’s discussion deserves this😉

Ready for the next question, guys! It will continue our discussion?

Luis merino 🇪🇸 | satoshi club:

Denis cdo | 360wellness:

Yes please continue!

Kevin | 360wellness:

Can’t wait for it, loving them so far.

Luis merino 🇪🇸 | satoshi club:

Satoshi club members rock 🚀

Mary | satoshi club:

Q4 from telegram user @victorogb

It’s really interesting and innovative to see how the team has been able to perfectly combine fitness, wellness, and DeFi all within one ecosystem. Having this in mind, how do you tend to keep or encourage your clients and customers who have signed up to your service to diligently maintain their fitness and wellness regime or program while taking full advantage of the DeFi opportunities of your project?

Kevin | 360wellness:

Wow that’s a complex question 😅 Let me try to structure my mind first. First i believe in the saying what’s being tracked get managed.

Mary | satoshi club:

Take your time 😀

Kevin | 360wellness:

So our wellness tracker, which we’ve tried to build in a way that doesn’t require too much manual input so people don’t do it, but requires enough so we can make sense of it and guide people (trust me Cyril our CPO and sport scientist doesn’t compromise on meaningful recommendations scientifically sound)

Encourage people to stay accountable.

Then who doesn’t love rewards to stay motivated. Here Defit come into the picture with our fully evolutive NFT’s based on your own wellness journey characteristics. Denis may complete.

Luis merino 🇪🇸 | satoshi club:

If anyone doesn’t love rewards, he/she is not a real human 😂

Mary | satoshi club:

Do you know such people? 😂 I don’t.

Luis merino 🇪🇸 | satoshi club:

Me neither 😂

Denis cdo | 360wellness:

So yes, the NFT’s can be an integral part to how people will evolve in their own fitness journey.

Mary | satoshi club:

Really, are you talking about non fungible tokens?

Denis cdo | 360wellness:

There are other ways as well based off the achievements you get from doing the parts of the tracker related to the coin such as reaching certain goals and getting rewarded.

They can start off as a 28-year-old male newbie in the fitness space based off a noobie NFT and evolve into a muscular and fit instructor over their journey. This can be highlighted with the NFT and it is evolving along the way too.

On top of that, we have other ways to encourage people to stay with us such as top 10 participants of live classes and reach their goals

Mary | satoshi club:

Bitcoin airdrop? 😳

Denis cdo | 360wellness:

Here are some added benefits as well, we thought it would be great to reward top holders, give quarterly bitcoin airdrops (everyone knows about bitcoin) to bring the masses onto the app, and also do our buyback and burn. Yes of course based off our profits 😃 How much of a bitcoin is the question 😁

Mary | satoshi club:

Yes, it’s really attractive 👍 but for me, #Defit is better, more space to grow😂

Denis cdo | 360wellness:

Yes, we wanted to make sure the masses come over because of the name of the bitcoin, then they can learn more about Defit. Bitcoin will always be the gateway name as many people know about it.

Mary | satoshi club:

It’s logical! But I and Luis like old crypto lovers know what can pump more😂😂😂

Kevin | 360wellness:

Well more likely to 10x in the short term.

Mary | satoshi club:

You know😉

Luis merino 🇪🇸 | satoshi club:

Bitcoin? I prefer Defit 🙄

Denis cdo | 360wellness:

Haha, thanks!

Kevin | 360wellness:

I love this Mary!! I think we may offer you an ambassador role post this ama.

Luis merino 🇪🇸 | satoshi club:

I would use that bitcoin to exchange it for Defit 😂

Kevin | 360wellness:

What do you say? Ok Luis too you both got it.

Luis merino 🇪🇸 | satoshi club:

My dm is open to that kind of proposals 😉

But I am only interested if I earn Defit 😳

Denis cdo | 360wellness:

Haha, awesome. Yes, as you love Defit here are the tokenomics!

Denis cdo | 360wellness:

Luis merino 🇪🇸 | satoshi club:

Thanks for the image Denis ! Very helpful and clear.

Mary | satoshi club:

Low supply and everything I like😂

Kevin | 360wellness:

You got an exclusivity here by the way

Denis cdo | 360wellness:

Yes, we got a great sales launchpad partner. One of the best to work with for doing the tokenomics.

Mary | satoshi club:

Team tokens will be locked?

Kevin | 360wellness:

Probably the first time we share it yet so please keep it secret for now.

Denis cdo | 360wellness:

Yes, 1 year. And 1 more year vesting as well.

Mary | satoshi club:

Of course, just 46k users will know this secret 😉

Luis merino 🇪🇸 | satoshi club:

Hahaha 😂😂😂😂😂

Luis merino 🇪🇸 | satoshi club:

Don’t worry Kevin, Satoshi club loves secrets, they won’t tell it to anyone 😉

Mary | satoshi club:

Thank you for your answers! Ready for the next one?

Denis cdo | 360wellness:

Yes! Let’s go

Mary | satoshi club:

Q5 from telegram user @kevsalom

One of the things that caught my attention about your application was the tracking of emotions through what you called the feel index. Explain to us how this works… based on what data, background, or formulas can you estimate a person’s emotional well-being and generate reports and all that? I’m very curious, does it work, has it been tested?

Give us your formulas, please 😂

Kevin | 360wellness:

I wish we had Cyril here as he’d love to answer that one.

Kevin | 360wellness:

But I will try to the best of my ability.

Mary | satoshi club:

Sure 👍

Luis merino 🇪🇸 | satoshi club:

Go for it 💪

Kevin | 360wellness:

We are actually not measuring one well being. But we’re helping one to identify and classify his emotions by categories.

You know life is 10% what happens to you and 90% how you react to it

Mary | satoshi club:

Yes😂

Denis cdo | 360wellness:

I’m bringing in reinforcements for this question! Bare with me as I get an answer from our chief product officer, as he is the brain as well behind the emotion tracker.

From Cyril: the feel report is a mix between scientific-based research (eg, the poms score = profile of mood state) and empirical-based findings from scientists

Luis merino 🇪🇸 | satoshi club:

Wise words 🤓

Denis cdo | 360wellness:

We’ve gathered both to make a unique assessment of the user, including 40 items (30 positively orientated, 10 negatively orientated)  that he can easily fill to get a daily self-compared evaluation

Mary | satoshi club:

It’s interesting 😀

Kevin | 360wellness:

Having this info though helps us to help you identify patterns. E.g. Increasing training load resulting in shifting emotions as we noticed in the past etc.

Or neglecting sleep tends to negatively affect you emotionally etc…

Luis merino 🇪🇸 | satoshi club:

Good point 👏

Denis cdo | 360wellness:

Yes we wanted to push the positive emotions in our app, we think having more of those options can help with wellness and moving people in the right direction too

Mary | satoshi club:

So, each user will be able to check this index himself?

Kevin | 360wellness:

Absolutely right. And you may have noticed the in-app messaging system at the bottom of the main screen that you can swipe up?

Every day Cyril is sending carefully selected educational content and wellness tips to our users

Mary | satoshi club:

No, but I will discover more😀

Wow, Cyril is an educational god😀

Denis cdo | 360wellness:

Yes, and I think it’s a great time to show our company roadmap of what is coming for the rest of the year.

Kevin | 360wellness:

Over time we are aiming to personalize these recommendations more and more based on each individual.

Luis merino 🇪🇸 | satoshi club:

Love it 🤩

Mary | satoshi club:

It’s really wise

Kevin | 360wellness:

E.g. Life stage (pregnancy etc..) Gender etc

Denis cdo | 360wellness:

Kevin | 360wellness:

Talking ai is non-sense with 3,000 users

Luis merino 🇪🇸 | satoshi club:

Thank you for sharing your amazing roadmap 👀

Mary | satoshi club:

First, I want to ask about the April sale😀

Kevin | 360wellness:

But definitely going into this direction once we hit a million users next year to help reduce Cyril workload through machine learning 😅

Mary | satoshi club:

Which will be the requirements for it?

Kevin | 360wellness:

Yes, the sale Denis. Tell us.

Mary | satoshi club:

How much should I prepare? 😂

Luis merino 🇪🇸 | satoshi club:

Lmao 😂😂

Denis cdo | 360wellness:

Yes, so we are going for a 1,152,000 USDT raise. We are having 3 rounds, angel, private, and public rounds. Angel and private will come at the same time end of q3, the public will follow shortly after.

We have 2 launchpad sales partners who are both mid-capped and well-known names in the crypto space.

Luis merino 🇪🇸 | satoshi club:

Can we know who are they? Or not yet? 😅

Kevin | 360wellness:

We’ve already said a lot

Denis cdo | 360wellness:

They would like us to keep it a secret until closer to the date of the sale, so you’ll have to stay tuned.

Kevin | 360wellness:

And we’ll leave them the honor of the announcement

Mary | satoshi club:

Don’t forget to share with us when this will go to the public, please 😀

Denis cdo | 360wellness:

Even though we can’t share this information it is not too far off at the end of March!

Mary | satoshi club:

We like to know the news first here😉

Denis cdo | 360wellness:

Sure, we can definitely have that planned as you’re the first ama we are doing.

Mary | satoshi club:

It’s a real honor for us!

Kevin | 360wellness:

We definitely won’t miss doing that. Large token allocation to the sale, low market cap, I was told it sells like hotcakes, Is that true?

Mary | satoshi club:

Ok, I understand, we will stay tuned 👍

Denis cdo | 360wellness:

One part I can share which is quite important is we are going to be an ERC-20 token to start but will want to integrate to either the Binance smart chain or Polkadot.

Mary | satoshi club:

Yes, in some cases in seconds.

Kevin | 360wellness:

Sounds great. Quite a small raise relatively compares to some other projects. We’ve raised successfully our seed-round funding on equity and our platform is already live so you know, the value of $Defit in our ecosystem is what truly matters to us now.

Mary | satoshi club:

You have a use case and real working product, this speaks itself.

Denis cdo | 360wellness:

As we scale up and our goal is to get to 1 million users by late 2022 which we believe is possible based off attracting all the coaches and them bringing their users on board we have to make sure the gas issues on eth don’t come so we are looking at alternatives.

To integrate at the least

Mary | satoshi club:

Yes, the words gas issues I hear maybe hundreds of times per day.

Kevin | 360wellness:

Can’t make the live class price at 50 cents and make you pay 10usd for the gas fee 🙅‍♂️

Mary | satoshi club:

Oh no🤦 true. Thanks, guys! We are close to the 6th and last question from this part! Are you ready for it?

Kevin | 360wellness:

Yes

Denis cdo | 360wellness:

Yes

Luis merino 🇪🇸 | satoshi club:

I’m back guys, I went for a coffee.

Kevin | 360wellness:

You won’t sleep tonight …

Luis merino 🇪🇸 | satoshi club:

I wasn’t going to sleep either. Much great info received from this AMA. I’m excited about your private sale 🚀

Denis cdo | 360wellness:

Did you pick up the swimwear too?

Luis merino 🇪🇸 | satoshi club:

I will pick it up when the ama finishes.

Mary | satoshi club:

He calls it ‘coffee’😂

Luis merino 🇪🇸 | satoshi club:

How do you know that? 😅😜

Mary | satoshi club:

Q6 from telegram user @atrine12

Will your app stay free? Your app is only for coaches and those who follow do you believe in your team and the progress of this project? How do you want it to last among the bigger projects? This is guaranteed.

Kevin | 360wellness:

Yes and yes. I believe no one should be paying for data analytics. And our goal is to empower wellness for everyone. Membership free no commitment pay as you go.

Mary | satoshi club:

Can I ask you an off-topic questions back to your roadmap?😀

Denis cdo | 360wellness:

Yes sure.

Luis merino 🇪🇸 | satoshi club:

Mary being mary… 🙄😂

Mary | satoshi club:

I will rename myself questionmary😂

Luis merino 🇪🇸 | satoshi club:

Great one! 😂

Kevin | 360wellness:

So, once you pay for the coaching services you consume but not for tracking your wellness. It’s also membership-free for coaches unlike all other platforms out there. Removing all entry barriers to those who don’t want to pay upfront. We are 100% commission-based. Coach success is ours.

I left my job 1.5 years ago and full time on 360wellness ever since. I would be a fool if I didn’t believe in the enormous potential of this project. And we have what it takes to make it happen. Ideas are cheap. Execution is key.

Mary | satoshi club:

I think that everything is easily possible for you and your team!

Luis merino 🇪🇸 | satoshi club:

Mary | satoshi club:

NFTS roll out. What is this?

Kevin | 360wellness:

Our investor NFTS will come earlier. This is referring to how we gonna gamify the app even further by creating unique and evolutive NFTS for coaches and users.

Mary | satoshi club:

I am asking because NFTS is my passion, after shopping 😂

Luis merino 🇪🇸 | satoshi club:

Imagine shopping NFTS 🤯

Luis merino 🇪🇸 | satoshi club:

😂😂

Mary | satoshi club:

I spent almost all my money doing this😂

Luis merino 🇪🇸 | satoshi club:

If it’s your passion, it’s worth it 😉

Mary | satoshi club:

But now I know that I need to leave the rest for #defit😉

Luis merino 🇪🇸 | satoshi club:

Great choice 👀

Kevin | 360wellness:

Imagine you start your journey with a basic one. And depending on your own journey, whether you are more into running with your connected device, or yoga lives class or meditation you collect unique features that evolve the character 😍 One that’s you.

Denis cdo | 360wellness:

The ultra-powerful NFTS of the future!

Kevin | 360wellness:

See this as a spiderweb with multiple routes you could take on your journey

Denis cdo | 360wellness:

Yes, and we just got an amazing idea today about if you’re upgrading your NFT  to certain levels you’ll get exclusive classes to top instructors 1 on 1 or privilege’s as well. So you’re doing your best to get to those next NFT  levels

Mary | satoshi club:

Really brilliant idea 👍

Luis merino 🇪🇸 | satoshi club:

I like the idea, Denis! Very innovative 👏

Mary | satoshi club:

I feel, that we can talk here more and more, but I know that our members are waiting with their questions ready for the live part😉

Luis merino 🇪🇸 | satoshi club:

I feel the same 😄

Denis cdo | 360wellness:

Yes sure let’s proceed. Happy to get their questions.

Mary | satoshi club:

So, we will open the chat for 120 seconds😉 Wait and right after it will be closed you can start to answer 👍

Luis merino 🇪🇸 | satoshi club:

@ataraxia360 an ironman is less tough than choosing only 10 questions of the huge bunch arriving… Prepare yourself 😉

Kevin | 360wellness:

I am not quite sure yet.

Luis merino 🇪🇸 | satoshi club:

Opening the chat in 30 seconds 👍

Kevin | 360wellness:

I am well prepared for an ironman and know what’s coming.

Mary | satoshi club:

Luis, hold your fingers on open/close button 😉

Luis merino 🇪🇸 | satoshi club:

Go!

Denis cdo | 360wellness:

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

Q – 1 from a telegram user @Gutike95

I understand that Digital Fitness has INTEGRATED LIVE CLASSES, but will they really be available at all hours? How many people can be connected in a single session? and the facilitators are fully trained and specialized in Life Fitness?

Kevin | 360Wellness:

Yes absolutely as we will have trainers across all time zones so classes at any time of the day and night for shift workers. We only have now what we call public live classes with an unlimited number of participants. With the upcoming web-app through Trainers will be able to set limited seat number for some to deliver great attention and feedback or even offer one on one coaching online. When a trainer submits via our web app a company registration we will run due diligence before approving and publishing them.

Q – 2 from a telegram user @JoxesXIII

Your project offers authentic live classes, can these classes be private or can they also be directed to a group of people such as a session or class in Zoom would be? 

Denis CDO | 360Wellness:

Yes they can be both private 1 on 1 sessions, Trainers can plan for that in the app as well as with large groups of people. You can also turn off your camera if you want to stay private in the group sessions and be anonymous.

Q – 3 from a telegram user @BlancaSdF

This project on which blockchain is running, on Ethereum? or what do you think about using blockchains that allow easy interaction with users (low costs)?

Denis CDO | 360Wellness:

Yes, it will start on the ERC-20 standard but we will be integrating other blockchains with it most likely Polkadot or Binance Smart Chain since we understand that the gas fees are a tremendous pain to anyone using the Ethereum blockchain.

Q – 4 from a telegram user @centoscu

Do you have a smart contract for 360Wellness project and are you auditing it regularly for increasing the security of the ecosystem?

Denis CDO | 360Wellness:

Yes, we have a smart contract that our Sales Launchpad partner has built. It is also mandatory to do an audit with them to ensure that the smart contract is rug-proof.

Q – 5 from a telegram user @sofiaisla

You say that 360Wellness is the world’s first wellness habit tracker that allows you to record and analyze everything in one place. How does 360Wellness achieve all this? What other benefits does the app offer me?

Kevin | 360Wellness:

That’s where it all started. As an endurance athlete, I started using apps to track my training load, intensity, Heart rate variability, power, etc.
Then progress gets harder and you need to optimize everything in your life to make gains. So looking into nutrition I had to download my fitness pal, then Sleep cycle, Calm, etc…and I thought I wish I could get all of this in one place to connect the dots and understand the correlation between all these data. The idea to create a 360Wellness tracker was born. And there was a reason why nobody had done it 😅 We finally found the perfect UI/UX combination to bring it to life 🙂

Q – 6 from a telegram user @hend_rikk

How you compete with other token project projects. considering that now there are many tokens launching and competing to be famous in attracting investors?

Denis CDO | 360Wellness:

We are the 2nd coin to be launched on one of the partner sales launchpads and not only that but these 2 mid-cap big coins have picked us so we have an advantage over many other projects out there going into our sale!

Q – 7 from a telegram user @ronaldo_super

Your team looks great and very dynamic but how do you plan that you can get people’s investments and trust?

Kevin | 360Wellness:

Thank you for the kind words and appreciation. Building trust is what we do best 😉 We’ve lined up amazing partnerships with some of the best launchpads, influencers/promoters, etc. This is only the first of many events coming up in the next few weeks. By the way, do you know Nick Littlehales? The man who taught Cristiano Ronaldo how to sleep. He was live on 360Wellness to teach us how to improve our sleep quality 2 months ago. Check him out on google, we will bring him back for another session 😉

Q – 8 from a telegram user @AmirJosh

You kicking off your advertising campaign about $DEFIT without a new “Digital Fitness” website that explains about the changes or blog that we can read to know what are the $Defit usecases and the benefit of buying it. Why the rush on promoting $DEFIT without materials to be presented?

Denis CDO | 360Wellness:

Yes, you are correct, just for you, we will share this secret. We are going live next week with the brand new revamped website which includes the DEFIT Landing page! Stay tuned for that as we’ve been working for months to make sure it is ready before our sale.

Q – 9 from a telegram user @meml97

On your classes section in your app, I only saw Kpop fitness, fitness dance, and Zumba. Basically, only dancing classes, do you have plans to add more dancing classes (like a salsa class) and have only dances, or do you have plans to add more types of exercises like TRX, CrossFit, Step?

Kevin | 360Wellness:

Yes absolutely. As we mentioned we’ve operated with a restricted amount of trainers from Singapore only in the last 4 months. We got big announcements in the next weeks with a group of 20 trainers specialised in Yoga, Mediation, HIIT etc…waiting for us bring them on. But we had to get the foundations right first before expanding. Our goal? 5,000 trainers by the end of the year and we got a plan to get there!

Q -10 from a telegram user @Cryptonationteam

I have been waiting to join for token sale so when will it be available for the public? I also want to know the requirements to join your sale? How confident are you to raise 1,152,000 USDT? is it a milestone?

Denis CDO | 360Wellness:

Yes there are 3 rounds, Angel, Private and Public. Angel and Private will be exclusively for our Launchpad partners but there are ways of getting into the private with certain criteria. We can’t share at this moment but stay tuned coming into mid-March when those details come!

Special announce.

Part 3 – Quiz about project

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

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  | Facebook |  Instagram |  Linkedinn 

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from DeFi Wizard and our guest was Anand Kamath – representative of DeFi Wizard. The AMA took place on 27 February.

The total reward pool was 500$ and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone and welcome to another AMA session with Satoshi Club. Today our guests are from DeFi Wizard.
@Anandkamath welcome, feel like at home 😉

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

Mary | Satoshi Club:
@Anandkamath welcome here 😀

Anand Kamath:
Hey guys, Glad to be here.

Mary | Satoshi Club:
Hello, Anand😀 how are you today?

Anand Kamath:
I’m doing great.

Mary | Satoshi Club:
Awesome! Let’s start our AMA then 🚀

Mary | Satoshi Club:
Could you please introduce yourself and tell us more about DeFi Wizard 😉

Luis Merino 🇪🇸 | Satoshi Club:
Hello! 😄

Anand Kamath:
My background has been a developer all my life. Have 10 years of development.

Mary | Satoshi Club:
Wow, big experience 👍

Anand Kamath:
I started working on Blockchain in 2017. Have been working with various blockchain companies.

Luis Merino 🇪🇸 | Satoshi Club:
2017! Same as me 😄

Anand Kamath:
Have built and deployed the token contract for so many projects.

Mary | Satoshi Club:
Could you name some of them? Or it’s a secret?

Luis Merino 🇪🇸 | Satoshi Club:
👏

Anand Kamath:
Definitely secret. As I was working as Services DEV shop.

Mary | Satoshi Club:
Got it👍

Mary | Satoshi Club:
how did you start with DeFi Wizard?

Anand Kamath:
As I have been working on more and more crypto projects, I have been doing lots of recurring work.

So I decided to come up with the command-line tool for myself to reduce the work.

Initially, I came with the command-line tool.

A couple of months back we decided to build a platform for the same.

So far even with our closed beta, the response has been overwhelming.

Mary | Satoshi Club:
Yes, I see that you want to make life easier for developers and not only for them😉

Luis Merino 🇪🇸 | Satoshi Club:
😆

Anand Kamath:
Developers and also crypto teams.

Luis Merino 🇪🇸 | Satoshi Club:
That’s the point 💪

Mary | Satoshi Club:
Thank you for your intro, Anand! Do you want to add more important info or we can start with the questions from our community?😀

Anand Kamath:
We have our public sale and TGE on 1st Match

We are doing a DUOL IDO on Bounce Certified and FalconSwap;

Mary | Satoshi Club:
Double IDO🚀

Anand Kamath:
Projects who are already using DeFiWizard: https://defiwizard.xyz/projects

We published our token metrics yesterday: https://defiwizard.xyz/token

Our pricing model for the service are these: https://defiwizard.xyz/pricing

Luis Merino 🇪🇸 | Satoshi Club:
FalconSwap! We had them here too 😄

Luis Merino 🇪🇸 | Satoshi Club:
Great ones! 👏👏

Luis Merino 🇪🇸 | Satoshi Club:
Cheap prices 👀😄

Mary | Satoshi Club:
Thanks! Great info! We will have more questions about your sale in the first part! Ready for it?

Anand Kamath:
Yes.

Anand Kamath:
Bring it on!

Q1 from Telegram user @rhedd
At this moment Decentralized Finance is at the highest peak in the crypto space…But the transactions on ethereum are congested, transaction fees are taking more elevated and more soaring.., What are the things that we can wait to see for DeFiWizard to make difference to DeFi space? And what protocol or solutions does DeFi Wizard come up with to address the problems facing Decentralized Finance?

Anand Kamath:
We don’t have any solution for the gas price issues. But we have built a token bridge for Binance Smart Chain. Where the trades can happen for below dollar. Not $100 like ETH.

Done.

Luis Merino 🇪🇸 | Satoshi Club:
The token bridge is necessary at this moment 👍

Mary | Satoshi Club:
Did you count how much money an ordinary crypto company will save by using your services?

Anand Kamath:
No at the moment. But one the project called ZeroSwap got more than 10m liquidity right away on BSC

Luis Merino 🇪🇸 | Satoshi Club:
ZeroSwap are big 💪

Mary | Satoshi Club:
Yes, they were here yesterday 😂 they’re cool!

Mary | Satoshi Club:
With your help😉

Mary | Satoshi Club:
Thank you for your answers!

Luis Merino 🇪🇸 | Satoshi Club:
💪😊

Mary | Satoshi Club:
Ready to proceed?

Anand Kamath:
Yes.

Luis Merino 🇪🇸 | Satoshi Club:
Let’s go!

Luis Merino 🇪🇸 | Satoshi Club:
🚀

Q2 from Telegram user @NataliyaKil
The DeFi Wizard Public Distribution Sale IDO is launching on 1st March 2021 on Bounce and FalconSwap. In this connection, you posted a lottery on your Twitter for a spot on the Whitelist.
I have fulfilled all the conditions of the tweet and I have a question! What are my chances of getting into the Whitelist? How will the winners be determined and, in case of victory, how will you contact them? If, for some reason, the winner gives up his place, will the other lottery participants have a chance, will there be a back-up additional list?

Anand Kamath:
We will review it tomorrow and finalize the whitelists.

If the winner gives up, we will probably add it to the back-up list.

Luis Merino 🇪🇸 | Satoshi Club:
Can I still participate in that lottery? Or participation is already closed?

Anand Kamath:
It’s still open.

Luis Merino 🇪🇸 | Satoshi Club:
Can you please share the link with us? 😊

Mary | Satoshi Club:
How many people already applied? Can you tell us?

Anand Kamath:
https://medium.com/defi-wizard/defi-wizard-ido-on-bounce-falconswap-whitelist-now-open-709b03998b47

Anand Kamath:
40K users have already applied.

Mary | Satoshi Club:
Omg😂🤦🤦🤦 it’s a record 🤣

Luis Merino 🇪🇸 | Satoshi Club:
😳😳😳😳😳

Mary | Satoshi Club:
Congratulations! It’s a real success!

Luis Merino 🇪🇸 | Satoshi Club:
Yes! It’s a huge number

Mary | Satoshi Club:
Btw, when you will list on exchanges after-sale?

Anand Kamath:
We will add liquidity to uniswap on 1st.

Luis Merino 🇪🇸 | Satoshi Club:
We are near then 👀

Mary | Satoshi Club:
All who will miss the sale will be able to buy there😉

Anand Kamath:
Definitely.

Mary | Satoshi Club:]
Thanks for your answers! Ready to jump to the next question?

Anand Kamath:
Yes.

Q3 from Telegram user @Rosane1a8
Defi wizard works as a dashboard to build DeFi smart contracts with a few clicks, probably easier than ever. The idea of making the development of SM more simple will definitely bring more people to deploy their ideas with blockchain technology, but how much knowledge is required, at least as a minimal, to build a DeFi Smart Contract in DeFi Wizard? If it is so easy to make one, does it mean that the functions or efficiency of the SM are limited to make it easier to deploy and use?

Anand Kamath:
Definitely yes.

Luis Merino 🇪🇸 | Satoshi Club:
No one will stay with empty hands 🚀

Mary | Satoshi Club:
If I will apply for your services will I get a fully working product in the end?

Anand Kamath:
Yes.

We will give the code and instructions for deployment and white-labeled UI/UX dApp.

Mary | Satoshi Club:
Great! What is the price for these full services? Do you make a discount if a project wants to take the full package?😉

Anand Kamath:
We don’t have any discounts planned. We plan to have refferral model

Mary | Satoshi Club:
It’s also very attractive 👍

Mary | Satoshi Club:
Thank you! Do you want to add something or we can go to the next question?

Anand Kamath:
Next question.

Q4 from Telegram user @borysfireball
It was interesting to read about DeFi Wizard DeFi dApps building system. I was touched by the issue of audits of smart contracts and there was a certain dissonance. While you write that your smart contracts are audited you won’t provide any auditing report after making the nessesary changes related to the project. I’m interested – who will make these necessary changes? You or the project? If you, why don’t you provide an auditing report. If the project, then what’s the point of this, if immediately at the exit the security of the contract is questioned.

Anand Kamath:
Changes done by the platform.

We make changes to audited base-smart contracts.

We will run all the tests against the changed code to make sure nothing has broken.

For example, token contracts need changes in supply, decimals, symbols. For changing these params we don’t need another audit.

Mary | Satoshi Club:
It’s logical. But why do you recommend doing an audit after this?

It will be like a second audit. And, of course, it’s additional expenses.

Luis Merino 🇪🇸 | Satoshi Club:
Great question, QuestionMary 👀

Mary | Satoshi Club:
Ahaha

Luis Merino 🇪🇸 | Satoshi Club:
😆

Anand Kamath:
Yes. I wanted to eliminate this case of auditing the audited code.

It’s of no-use.

There are 100000s of Smart Contracts already verified on etherscan.

There is no complex changes involved.

Luis Merino 🇪🇸 | Satoshi Club:
Just a few… 😂

Anand Kamath:
99% of contracts use OpenZepplin. Which has been audited at least 50 times so far.

Mary | Satoshi Club:
It’s a lot👍

Luis Merino 🇪🇸 | Satoshi Club:
OMG 😳😳

Mary | Satoshi Club:
So, in simple words, if a company didn’t request an additional audit it’s still can be recognized as secure, but without an audit report, right?

Anand Kamath:
Yes.

Mary | Satoshi Club:
Great! Noted😀

Anand Kamat:
We should audit the protocols not the common smart contracts like token, staking, yeild farming, etc.

Mary | Satoshi Club:
Gotcha 👍

Ready to proceed?

Luis Merino 🇪🇸 | Satoshi Club:
Totally agree! 😊

Luis Merino 🇪🇸 | Satoshi Club:
Q5 is coming…

Q5 from Telegram user @meml97
I read that DeFi Wizard currently supports Ethereum, Binance Smart Chain, xDAI, Matic, Elrond. Do you have plans on adding more blockchains to your support list? I noticed that you don’t support Polkadot, Cosmos or Huobi that are other big blockchains. Any specific reason why you don’t? Do you have plans on supporting them too? If so, when will we see it happening?

Luis Merino 🇪🇸 | Satoshi Club:
Great question 👀

Anand Kamath:
We are concentrating more on EVM-based chains and Elrond for now.

We will definitely build a bridge for Polkadot and Cosmos.

Mary | Satoshi Club:
Do you have any terms for this? Or you concentrating on another aspects now?

Luis Merino 🇪🇸 | Satoshi Club:
When do you plan to build them?

Anand Kamath:
Next quarter.

We are launching our first platform on March 10th

Mary | Satoshi Club:
Almost here😀

We will be waiting for this event 🚀

Thank you, Anand! And we have just the 6th and the last question from this part left 😀

Anand Kamath:
Sure.

Q6 from Telegram user @Wormz28
To strengthen the adoption and accelerate the community growth, what will DeFiWizard plans or ways to rewards and benefits the LPs and your token holders? Also who is eligible to receive rewards in the platform and how can users buy your $DWZ Token?

Anand Kamath:
We are definitely planning to share the revenue with DWZ holders.

60% of revenue from Platform goes to Treasury.
25% of revenue would be distributed to DWZ holders.
15% of revenue would be burned every month.

We have a buy back and burn mechanism

Mary | Satoshi Club:
Will holders need to claim these 25% rewards or you will send them directly to their wallets?

Anand Kamath:
Claiming.

Mary | Satoshi Club:
Got it😉 thanks!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @MagdaCV
On their website they say that it is possible to create smart contracts and tokens in a few simple clicks, is it really that easy? And if so these are not more prone to hacks? Developing something that lasts takes time.

Anand Kamath:
That’s the biggest problem we are trying to solve.

Q2 from Telegram user @Joseunda
What is the procedure to create a DeFi project through the DeFi Wizard?

Anand Kamath:
Choose what you want to create, pay $DWZ, and download the contracts and documentation for deployment.

Q3 from Telegram user @moe_808
Can you explain your Tokenomics are distributed? How much is the total supply?

Anand Kamath:
https://defiwizard.xyz/token

Q4 from Telegram user @lzamg
DeFi Wizard offers a wide range of services for building DeFi projects from zero, but I would like to know if you also offer the possibility of executing projects’ token sales or maybe crowdfunding? If not, have you thought about including this type of service?

Anand Kamath:
We are definitely planning to come up with a crowd-funding template.

We will release this by end of March.

Q5 from Telegram user @DiegoRME
How is your DWZ supply distributed? Can you show me your token distribution?

Anand Kamath:
https://defiwizard.xyz/token

Q6 from Telegram user @NataliyaKil
Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork. How important was the recently concluded fundraising round for Defi Wizard? What other sources of income do you attract to develop Defi Wizard?

Anand Kamath:
We have a constant revenue model.

https://defiwizard.xyz/pricing

Q7 from Telegram user @Pratze
I read that Defi Wizard has Staking program and Yield Farm, can you please introduce to us how are your stake system work? and how is the calculation reward that staker will get?

Anand Kamath:
https://defiwizard.xyz/projects

Q8 from Telegram user @niko518
Do You plan to migrate from ETH to BSC? how it will be helpful to projects that will be launching on BSC?

Anand Kamath:
Yes. We will have both ETH and BSC tokens. Trading on BSC is -99% cheaper.

Q9 from Telegram user @JoanaZ
There is necessary for the developers or owner of a project, pass a KYC model before using your smart contract Creator tool?

Anand Kamath:
No KYC required. It would be a trustless system.

Q10 from Telegram user @Mamberr0y
What is the development status of the ETH-BSC bridge and can projects move their assets from ETH to BSC?

Anand Kamath:
We already have 2 projects using it on production ZeroSwap and one more confidential. We have 10 more projects already signed up.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Defi Wizard. They’ve prepared 4 questions for this part. The total reward pool for the 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:
Defi Wizard Telegram community:  https://t.me/defi_wizard

We are pleased to announce our next AMA on March 11th 2021 at 02:00 PM UTC Time: Satoshi Club x DeHive Finance

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DeHive Finance Telegram group

We will have the following structure:

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

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DeHive Finance Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about DeHive Finance

For more details:
DeHive Finance – @DeHive_chat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 2nd 2021 at 02:00 PM UTC Time: Satoshi Club x Kylin Network

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Kylin Network Telegram group

We will have the following structure:

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

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Kylin Network Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Kylin Network

For more details:
Kylin Network – @KylinOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 1st, 2021 at 02:00 PM UTC Time: Satoshi Club x Blank

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Blank 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 120 seconds. You can post Max 3 questions. Blank Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Blank

For more details:
Blank – @blankwallet
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Digital Fitness and our guest was Kevin | 360Wellness, the Chief Digital Officer and Crypto Lead of ‘Digital Fitness’ $DEFIT, and Denis CDO | 360Wellness, founder and CEO of 360Wellness. The AMA took place on 26 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone and welcome to another AMA session with Satoshi Club. Today our guests are from Digital Fitness.
@ataraxia360, @playza23 welcome! Feel like at home 😉

Kevin | 360Wellness:
We already do! Thank you and glad to be here with you.

Denis CDO | 360Wellness:
Great to be here and thanks for setting this up! We are excited.

Mary | Satoshi Club:
Let’s start with an introduction 😀 Please, introduce yourself to our community and of course Digital Fitness #DEFIT!

Denis CDO | 360Wellness:
Cool, I’m Denis, the Chief Digital Officer and Crypto Lead of ‘Digital Fitness’ $DEFIT – (360Wellness is our Parent Company).

My background is in Social Media with over 11+ years of experience in the sector with digital content creation and marketing initiatives with a leading SML firm based in Singapore. I’ve been in Crypto since early 2017 and stopped my job back then to fulfill this passion. Kevin and I were close flatmates in Singapore and we did training in Triathlon and Weight Lifting.

Kevin | 360Wellness:
And here I am. My name is Kevin, founder and CEO of 360Wellness.

I’m French but moved to Singapore in 2013 where I lived for 7 years as Head of Product Management and Engineering for the Asia Pacific region.
Worked 12 years for the 2nd largest Automotive parts manufacturer, a German Company named ZF until I resigned to found 360Wellness. Sport has always been there in my life and besides my career, I got hooked on triathlon a few years ago and became a competitive Ironman Athlete. So naturally started to coach athletes remotely which led me to this company project. Building a decentralized fitness platform and wellness community. By the people for the people.

So what’s more natural to have our own decentralized currency and Denis came into the picture to create with me $DEFIT. And here we are today 🙂

Luis Merino 🇪🇸 | Satoshi Club:
Isn’t difficult to coach athletes remotely?

Kevin | 360Wellness:
Absolutely not. I myself had a coach building and uploading my training plans into an app I used back then.

Mary | Satoshi Club:
It’s really something new, I saw a lot of projects here, but nothing compared with Digital Fitness 😀

Denis CDO | 360Wellness:
Yes, the live class integration with Crypto hasn’t happened yet! At least from what we can see.

Mary | Satoshi Club:
What is the main concept behind Digital Fitness?

Denis CDO | 360Wellness:
Yes, that is true, however, we already have the mobile app developed, not many projects in Cryptocurrency have something built before the coin sale.

Kevin | 360Wellness:
So that’s a good one. Over the years I’ve been very close as you can imagine to many athletes and coaches. I raced 16 Ironmans in the last 5 years. Well before the pandemic started. And came to realize how millions of endurance coaches, Freelance instructors for Fitness, Yoga, etc struggle to build and grow their businesses. They’re not really tech nor marketing savvy. So we decided to build the ultimate platform for them to do that.

Denis CDO | 360Wellness:
It’s not only Kevin and me on the project but we have 4 core teams and a couple extended. On top of that, we are working with 3 Tech Teams now, 2 are shown, and just got our first major PR firm onboarded today.

Kevin | 360Wellness:
We got two full-time tech teams working on our mobile and web applications. And many more partners for $DEFIT who will be supporting us. But can’t really disclose everything so soon, can we? 😜

Mary | Satoshi Club:
We like hints and secrets here😀

Kevin | 360Wellness:
Yes, imagine. A large crypto influencer today has what? 100,000 subscribers on Youtube? Imagine tomorrow Fitness influencers above 1M followers holding and shilling $DEFIT.

Denis CDO | 360Wellness:
Yes we’ve got 2 main parts on why we’ve brought our project over onto the blockchain, they are:

1. Bringing the large fitness influencers onto the blockchain and rewarding our community for the achievement of their goals. It’s time to bridge the gap between the two as crypto is becoming more mainstream. It’s the perfect time for it.
2. The gamification of the app is a major part of what we have planned to build as well. We have seen how many benefits users and coaches will be able to get from all the token uses.

Kevin | 360Wellness:
We got a great designer indeed. Few more packs in the making 😉 We love to create!

You know sometimes it’s just about being at the right place at the right time. I’ve quit my job to found 360Wellness in late 2019.
When the pandemic came we had our full project specs done, UI/UX completed, and a team of 5 software engineers full time. So we kinda go ahead, start over everyone shifting to online fitness massively.

Luis Merino 🇪🇸 | Satoshi Club:
Kevin, Denis, are you ready to start with our amazing community questions? 😉

Kevin | 360Wellness:
Sure! Bring it on.

Mary | Satoshi Club:
Q1 from Telegram user @meml97
On your app, you have these classes we can take, but we have to pay for every one of them. Do you have plans on adding free classes to your app? Also, on your web it says that our progress will be checked through these classes, are they the only way to have stats and an evolution track on your app?

Kevin | 360Wellness:
Yes, our product concept is fully decentralized which means that every trainer can get this digital space to exist by themselves within our ecosystem and build their client base and sell their services. It’s a pay-as-you-go model. Our end goal as the number of participants increase is to bring the cost per pax down to as low as 0.50cents. Some trainers we talk to today have 1,800 participants to their live classes on IG. Imagine everyone paying 50 cents…Making it affordable to everyone via the scalability of online. Today every live class has preset wellness benefits added to your tracker. We are now working on connected wearables integration which means you can sync your Garmin, Suunto, Polar, Fitbit devices as well. Get everything in one place 😉

Mary | Satoshi Club:
I just downloaded your app, can you give me advice on how I should start to use it?😉

Kevin | 360Wellness:
The average price today for the last 4 months is at 7.5USD. The more participants we get the lower the price will go. I want it to become 50cents per participant! 1,000 participants for one public live class will bring 500USD to the coach. Good for him, affordable for the community.

Denis CDO | 360Wellness:
So you’ll be able to add not only through the connected wearables and live classes the activities you are doing but also manually too.

Let’s go into Nutrition now. Since we have 4 parts, Fitness, Nutrition, Recovery and Feel. Always great to prepare for that time and cut down the food intake! This one is quite important, not many fitness apps have this where you can track your emotions and wellness too. It’s like your own personal weekly diary of emotions. Very powerful when you have a bad day and look back in the week with many awesome days of emotions!

Kevin | 360Wellness:
Keeping emotions in check is the first time towards mindfulness and the overall inner balance we aim to promote.

Luis Merino 🇪🇸 | Satoshi Club:
Btw, is it possible for me to register as a coach?

Kevin | 360Wellness:
Haha. Good question. I was waiting for that one. We only got onboard 30 trainers last September to run the soft launch until now.
But we will launch our web app in March wherefrom the website (our brand new website coming up on March 10th) Every professional can access the web application to create their company and team of instructors.

The waiting list has been growing ever since but we’ve been focused on building the foundations and validating our business model and technology up to now. But sales and marketing campaign starting in April 😉

Mary | Satoshi Club:
Q2 from Telegram user @JesusFre1tes
One of the most important elements to drive new resurgent platforms is Marketing. What marketing strategies have DigitalFitness used to drive its decentralized business model? I read that your base of operations is located in Singapore, one of the world’s financial epicenters, what benefits has this brought to your platform? Do you plan to expand outside the Asian markets?

Kevin | 360Wellness:
Our teams are working remotely across 12 locations. South East Asia is our most strategic focus for this year as it represents a 670M population and very lean in the audience, early adopters of new technologies and quite an uncompetitive market with no local big player in the space, unlike USA, India or China. So establishing ourselves as the online fitness company in SEA is priority one before aggressively rolling out globally.

Denis CDO | 360Wellness:
Yes, our base of operations is in Singapore and we have already been recognized for our efforts with the following award!

Over 600 companies from Asia were a part of this competition and we came out on top in all categories! A lot of work was done to get there and we are happy to have been awarded this prestigious achievement. This has helped us get recognized for our marketing initiatives too.

Mary | Satoshi Club:
How many users do you currently have?

Kevin | 360Wellness:
We are close to hitting the 3,000 marks.

We also attended the APAC FIT SUMMIT. Quite a humbling experience being there sitting at the table next to the greatest names in the Industry like Classpass, Mindbody, etc…These are over $1B companies so being there and acknowledged and praised for our product concept was amazing.

Luis Merino 🇪🇸 | Satoshi Club:
Btw, when opening the app, I am asked for permission to use my GPS, what is its use?

Kevin | 360Wellness:
Go to your calendar and you will see your location and integrated weather forecast. It’s just for that reason and updating all the live class time according to where you are. We are very strict user privacy policy and GPDR compliant from start. Never ever we will sell our user data. You have my word here. Our business model allows so many monetization strategies that we don’t need to sell data. This is one of our core principles since the start.

Oh, by the way. We recently started to reach out to brands for partnerships. We got a few we can share with you to get a 30% discount using the 360wellness promo code. In case you are interested.

Mary | Satoshi Club:
Q3 from Telegram User @lzamg
360Wellness has partnered with several health and fitness professionals, so I would like to know if it’s possible for independent health professionals to be part of your project and contribute as an instructor or nutritionist? If you are open to that, what would be the requirements to be part of the 360Wellness team?

Kevin | 360Wellness:
We got our early adopters in September. The objective was to keep it a small community to test and approve the platform. Identify their needs. Collect as much feedback as possible from them and give them a head start.
But from April onwards we will welcome everyone. There will be a process to follow from our website and upon validation, you’ll be live on the platform.

The web app has a growth hacking module that lets coaches sync all their social accounts to invite in mass their community to come over. Converting unknown fans into identified users and building an awesome wellness community 🙂 And yes we have a social wall coming as well with no BS algorithms. Remember IG in the good old times?

Denis CDO | 360Wellness:
Yes, we are going to be fair and even let more people who don’t have much reach get featured on our platform. Here is to giving value to the little guys!

Kevin | 360Wellness:
So happy to welcome you from April onwards and help you build and grow your business 😉

Mary | Satoshi Club:
And now we’re back to this question 😉

Kevin | 360Wellness:
Fitness apparel or swimwear?

Mary | Satoshi Club:
First fitness😉

Kevin | 360Wellness:
https://fitty.store/
Fitness wear for women 🙂
Use 360Wellness when checking out to enjoy a 30% promo code. Let me tell you a bit more about why we do this. I documented my triathlon journey on Instagram and grew up to 12K followers.

I was constantly reached out to by brands offering me ambassador or sponsoring deals. And I thought hold on a second. If I can get 50% off brands with 12K followers on IG, what if tomorrow we have a community of 1M sport and fitness enthusiasts? So here we go. Small brands can’t exist with big ones spending millions on marketing. Making 80% gross margin to fund huge marketing campaigns.

So it’s a fair deal to tell the brands to partner up with us, we give a discount to our communities, take a commission and promote your brand to our community for free. WIN-WIN for everyone. Power of the community combining purchasing power.

Mary | Satoshi Club:
And what about swimwear?😉 Summer is near!

Kevin | 360Wellness:
Then this is the one you need for this summer:
https://swozzi.com/
360wellness promo code for 30% discount. This Australian swimwear brand is used by Aussie Olympians and the owner is a fantastic and inspiring lady! She does triathlon too that’s how we know each other.

Denis CDO | 360Wellness:
Here are some benefits coming for user tier levels!

Kevin | 360Wellness:
But you gotta have to deserve it once we launch $DEFIT 😉

Mary | Satoshi Club:
Q4 from Telegram User @victorogb
It’s really interesting and innovative to see how the team has been able to perfectly combine fitness, wellness, and Defi all within one ecosystem. Having this in mind, how do you tend to keep or encourage your clients and customers who have signed up to your service to diligently maintain their fitness and wellness regime or program while taking full advantage of the DeFi opportunities of your project?

Kevin | 360Wellness:
So our wellness tracker, which we’ve tried to build in a way that doesn’t require too much manual input so people don’t do it, but requires enough so we can make sense of it and guide people (Trust me Cyril our CPO and sports scientist doesn’t compromise on meaningful recommendations scientifically sound). Encourage people to stay accountable. Then who doesn’t love rewards to stay motivated? Here DEFIT comes into the picture with our fully evolutive NFTS based on your own wellness journey characteristics.

Denis CDO | 360Wellness:
So yes the NFT’s can be an integral part of how people will evolve in their own fitness journey.

Mary | Satoshi Club:
Really, are you talking about nonfungible tokens?)

Denis CDO | 360Wellness:
They can start off as a 28-year-old male newbie in the fitness space based on a noobie NFT and evolve into a muscular and fit instructor over their journey. This can be highlighted with the NFT and it evolving along the way too.

There are other ways as well based on the achievements you get from doing the parts of the tracker related to the coin such as reaching certain goals and getting rewarded. On top of that, we have other ways to encourage people to stay with us such as top 10 participants of live classes and reach their goals.

Here are some added benefits as well, we thought it would be great to reward top holders, give quarterly Bitcoin airdrops (everyone knows about Bitcoin) to bring the masses onto the app, and also do our buyback and burn. We wanted to make sure the masses come over because of the name of the Bitcoin, then they can learn more about DEFIT. Bitcoin will always be the gateway name as many people know about it.

Kevin | 360Wellness:
You got an exclusivity here by the way.

Denis CDO | 360Wellness:
Yes, we got a great sales launchpad partner. One of the best to work with for doing the tokenomics.

Mary | Satoshi Club:
Team tokens will be locked?

Denis CDO | 360Wellness:
Yes, 1 Year and 1 more year Vesting as well.

Mary | Satoshi Club:
Q5 from Telegram user @KevSalom
One of the things that caught my attention about your application was the tracking of emotions through what you called Feel Index. Explain to us how this works… Based on what data, background or formulas can you estimate a person’s emotional well-being and generate reports and all that? I’m very curious, does it work, has it been tested?

Kevin | 360Wellness:
We are actually not measuring one well being. But we’re helping one to identify and classify his emotions by categories. You know Life is 10% of what happens to you and 90% of how you react to it.

Denis CDO | 360Wellness:
I’m bringing in reinforcements for this question! Bare with me as I get an answer from our Chief Product Officer, as he is the brain as well behind the emotion tracker.

From Cyril: The feel report is a mix between scientific-based research (eg, the POMS score = Profile of Mood State) and empirical-based findings from scientists.

We’ve gathered both to make a unique assessment of the user, including 40 items (30 positively orientated, 10 negatively orientated) that he can easily fill to get a daily self-compared evaluation.

Kevin | 360Wellness:
Having this info though helps us to help you identify patterns. E.g. increasing training load resulting in shifting emotions as we noticed in the past etc.
Or neglecting sleep tends to negatively affect you emotionally etc…

Denis CDO | 360Wellness:
Yes, we wanted to push the positive emotions in our app, we think having more of those options can help with wellness and moving people in the right direction too.

Mary | Satoshi Club:
So, each user will be able to check this index himself?

Kevin | 360Wellness:
Absolutely right. And you may have noticed the in-app messaging system at the bottom of the main screen that you can swipe up? Every day Cyril is sending carefully selected educational content and wellness tips to our users. Over time we are aiming to personalize these recommendations more and more based on each individual. E.g. life stage (pregnancy etc..) Gender etc. Talking AI is non-sense with 3,000 users.

But Definitely going into this direction once we hit a million users next year to help reduce Cyril workload through machine learning 😅

Mary | Satoshi Club:
Which will be the requirements for it?

Denis CDO | 360Wellness:
Yes, so we are going for a 1,152,000 USDT raise. We are having 3 rounds, Angel, Private and public round. Angel and Private will come at the same time end of Q3, Public will follow shortly after. We have 2 Launchpad Sales Partners who are both Mid-Capped and well-known names in the Crypto space.

Luis Merino 🇪🇸 | Satoshi Club:
Can we know who are they? Or not yet? 😅

Denis CDO | 360Wellness:
They would like us to keep it a secret until closer to the date of the sale…so you’ll have to stay tuned.

Kevin | 360Wellness:
And we’ll leave them the honor of the announcement

Denis CDO | 360Wellness:
Even though we can’t share this information, it is not too far off at the end of March!

Kevin | 360Wellness:
We definitely won’t miss doing that. Large token allocation to the sale, low market cap, I was told it sells like hotcakes.

Denis CDO | 360Wellness:
One part I can share which is quite important is we are going to be an ERC-20 token to start but will want to integrate to either the Binance Smart Chain or Polkadot.

As we scale up and our goal is to get to 1 million users by late 2022 which we believe is possible based on attracting all the coaches and them bringing their users on board we have to make sure the gas issues on ETH don’t come so we are looking at alternatives to integrate at the least. We can definitely have that planned as you’re the first AMA we are doing.

Kevin | 360Wellness:
Sounds great. Quite a small raise relatively compare to some other projects. We’ve raised successfully our seed-round funding on equity and our platform is already live so you know, the value of $DEFIT in our ecosystem is what truly matters to us now. Can’t make the live class price at 50 cents and make you pay 10USD for the gas fee.

Mary | Satoshi Club:
Q6 from Telegram User @atrine12
Will your app stay free? Your app is only for coaches and those who follow Do you believe in your team and the progress of this project? How do you want it to last among the bigger projects? This is guaranteed.

Kevin | 360Wellness:
YES and YES. I believe no one should be paying for data analytics. And our goal is to empower wellness for everyone. Membership free no commitment pay as you go.

So once you pay for the coaching services you consume but not for tracking your wellness. It’s also membership-free for coaches unlike all other platforms out there. Removing all entry barriers to those who don’t want to pay upfront. We are 100% commission-based. Coach success is ours.

I left my job 1.5 years ago and full-time on 360Wellness ever since. I would be a fool if I didn’t believe in the enormous potential of this project. And we have what it takes to make it happen. Ideas are cheap. Execution is key.

Mary | Satoshi Club:
NFTS Roll Out. What is this?

Kevin | 360Wellness:
Our investor NFTs will come earlier. This is referring to how we gonna gamify the app even further by creating unique and evolutive NFTs for coaches and Users.

Imagine you start your journey with a basic one. And depending on your own journey, whether you are more into running with your connected device, or Yoga live class or meditation you collect unique features that evolve the character 😍 One that’s you.

See this as a spiderweb with multiple routes you could take on your journey

Denis CDO | 360Wellness:
Yes, and we just got an amazing idea today about if you’re upgrading your NFT to certain levels you’ll get exclusive classes to top instructors 1 on 1 or privilege’s as well. So you’re doing your best to get to those next NFT levels.

Mary | Satoshi Club:
I feel, that we can talk here more and more, but I know that our members are waiting with their questions ready for the live part😉

Denis CDO | 360Wellness:
Yes, sure let’s proceed.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Gutierrez04

I understand that Digital Fitness has INTEGRATED LIVE CLASSES, but will they really be available at all hours? How many people can be connected in a single session? and the facilitators are fully trained and specialized in Life Fitness?

Kevin | 360Wellness:
Yes absolutely as we will have trainers across all time zones so classes at any time of the day and night for shift workers. We only have now what we call public live classes with an unlimited number of participants. With the upcoming web-app through Trainers will be able to set limited seat number for some to deliver great attention and feedback or even offer one on one coaching online. When a trainer submits via our web app a company registration we will run due diligence before approving and publishing them.

Q2 from Telegram user @ Joxes | C R Y P T O W A V E

Your project offers authentic live classes, can these classes be private or can they also be directed to a group of people such as a session or class in Zoom would be?

Denis CDO | 360Wellness:
Yes, they can be both private 1 on 1 sessions, Trainers can plan for that in the app as well as with large groups of people. You can also turn off your camera if you want to stay private in the group sessions and be anonymous.

Q3 from Telegram user @ 💛💚Blanca💙 ❤️

This project on which blockchain is running, on Ethereum? or what do you think about using blockchains that allow easy interaction with users (low costs)?

Denis CDO | 360Wellness:
Yes, it will start on the ERC-20 standard but we will be integrating other blockchains with it most likely Polkadot or Binance Smart Chain since we understand that the gas fees are a tremendous pain to anyone using the Ethereum blockchain.

Q4 from Telegram user @ Centos Manager

Do you have a smart contract for the 360Wellness project and are you auditing it regularly for increasing the security of the ecosystem?

Denis CDO | 360Wellness:
Yes, we have a smart contract that our Sales Launchpad partner has built. It is also mandatory to do an audit with them to ensure that the smart contract is rug-proof.

Q5 from Telegram user @ Sofía Isla

You say that 360Wellness is the world’s first wellness habit tracker that allows you to record and analyze everything in one place. How does 360Wellness achieve all this? What other benefits does the app offer me? @ataraxia360 @playza23

Kevin | 360Wellness:
That’s where it all started. As an endurance athlete, I started using apps to track my training load, intensity, Heart rate variability, power, etc.
Then progress gets harder and you need to optimize everything in your life to make gains. So looking into nutrition I had to download my fitness pal, then Sleep cycle, Calm, etc…and I thought I wish I could get all of this in one place to connect the dots and understand the correlation between all these data. The idea to create a 360Wellness tracker was born. And there was a reason why nobody had done it 😅 We finally found the perfect UI/UX combination to bring it to life 🙂

Q6 from Telegram user @ Emon Musk

How you compete with other token project projects. considering that now there are many tokens launching and competing to be famous in attracting investors?

Denis CDO | 360Wellness:
We are the 2nd coin to be launched on one of the partner sales launchpads and not only that but these 2 mid-cap big coins have picked us so we have an advantage over many other projects out there going into our sale!

Q7 from Telegram user @ Super Ronaldo

Your team looks great and very dynamic but how do you plan that you can get people’s investments and trust?

Kevin | 360Wellness:
Thank you for the kind words and appreciation. Building trust is what we do best 😉 We’ve lined up amazing partnerships with some of the best launchpads, influencers/promoters, etc. This is only the first of many events coming up in the next few weeks. By the way, do you know Nick Littlehales? The man who taught Cristiano Ronaldo how to sleep. He was live on 360Wellness to teach us how to improve our sleep quality 2 months ago. Check him out on google, we will bring him back for another session 😉

Q8 from Telegram user @ Jacob

You kicking off your advertising campaign about $DEFIT without a new “Digital Fitness” website that explains the changes or blog that we can read to know what are the $Defit use cases and the benefit of buying it. Why the rush on promoting $DEFIT without materials to be presented?

Denis CDO | 360Wellness:
Yes, you are correct, just for you, we will share this secret. We are going live next week with the brand new revamped website which includes the DEFIT Landing page! Stay tuned for that as we’ve been working for months to make sure it is ready before our sale.

Q9 from Telegram user @ Marian Merheb

🧨 On your classes section in your app, I only saw Kpop fitness, fitness dance and Zumba. Basically, only dancing classes, do you have plans to add more dancing classes (like a salsa class) and have only dances, or do you have plans to add more types of exercises like TRX, CrossFit, Step?

Kevin | 360Wellness:
Yes absolutely. As we mentioned we’ve operated with a restricted amount of trainers from Singapore only in the last 4 months. We got big announcements in the next weeks with a group of 20 trainers specialized in Yoga, Meditation, HIIT, etc…waiting for us bring them on. But we had to get the foundations right first before expanding. Our goal? 5,000 trainers by the end of the year and we got a plan to get there!

Q10 from Telegram user @ Mr.Lonely

I have been waiting to join for token sale so when will it be available for the public? I also want to know the requirements to join your sale? How confident are you to raise 1,152,000 USDT? Is it a milestone?

Denis CDO | 360Wellness:
Yes, there are 3 rounds, Angel, Private and Public. Angel and Private will be exclusively for our Launchpad partners but there are ways of getting into the private with certain criteria. We can’t share at this moment but stay tuned coming into mid-March when those details come!

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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:

IOS 👇🏼
https://www.360wellness.io/ios

Android 👇🏼
https://360wellness.io/android

💡Also check out our Telegram Group, Announcements Channel, Website and other social media channels and follow if you haven’t yet👇🏼

💎Telegram Group
@app360wellness

💎Announcements Channel
https://t.me/mobileapp360wellnessann

💎Website
360Wellness.io

💎Twitter
https://twitter.com/360wellnessapp

💎Facebook
https://www.facebook.com/360wellness.io

💎Instagram
https://www.instagram.com/360wellness.io

💎Linkedin
https://www.linkedin.com/company/360wellness

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from ZeroSwap and our guest was Aayushi | ZeroSwap – @a17jain and Gaurang Desai – @iamgaurangdesai. The AMA took place on 26 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

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

D. | Satoshi Club:
@a17jain @iamgaurangdesai please tell Satoshi Club a bit about yourselves 😊

Aayushi | ZeroSwap:
Hi, I have been building ZeroSwap for almost a year now, we did our TGE back in Oct 2020, I am in the crypto space since 2017, and have helped shape a couple of products.

Gaurang Desai:
Have been in the crypto space since 2017, been a Marketer for 7+ years, Now I head Marketing at Zeroswap.

D. | Satoshi Club:
Q1 from Telegram user @KevSalom
It’s been about 4 months since ZeroSwap was with us at Satoshi Club, for sure some interesting things have happened in the project. Please update us, so far this year, on what things have you advanced? According to your roadmap for this Q1 you will be working on the ETH to BSC bridge, the LP Rewards on Ethereum and BSC, the ZEE $ stake contracts and the ZeeDO Launch…. What stage are you at with each of these items? Any major partnerships during this time?

Aayushi | ZeroSwap:
We have launched the ETH to BSC bridge, LP Rewards on Uniswap and Pancakeswap are live, $ZEE staking contract and ZeeDO are not live yet, we were facing some blockers on ethereum gas, now just giving things a final touch, and will launch either today or max by tomorrow.

D. | Satoshi Club:
And I assume on Uni gas fees will eat up all your profit. so it’s better to use pancakeswap😄

Gaurang Desai:
That’s true.

D. | Satoshi Club:
Q2 from Telegram user @Highpee
ZeroSwap’s DEX Offering, ZeeDO, is introducing NFTs into token distribution and you have two NFTs which are Proof of Participation NFT (POP NFT) and Proof of Winning NFT (POW NFT). I really want to learn how this will work. It is said that once a user applies to participate in Token Offering, he is issued with POP NFT but not all who get the POP NFT will eventually receive the POW NFT which is used to receive the distributed Tokens. So how do you select users who get POW NFT? What will happen to the POP NFT received by a user who doesn’t get the POW NFT? Will it have other utility within the Zeroswap Protocol and will it still be valid for subsequent distribution events?

Aayushi | ZeroSwap:
We will select users, by using a VRF, that is a random function will pick proof of winning NFT from proof of participation NFT. This would be all transparent and trustless.

Mary | Satoshi Club:
These NFTs will be tradable?

Aayushi | ZeroSwap:
Yes, users can trade on OTC. Or trade on any platform where the underline token is in demand.

Mary | Satoshi Club:
Which utilities they have?

Aayushi | ZeroSwap:
These NFT will be backed to the token which is distributed. Say there is a satoshi token, and Mary won the proof of winning NFT. And if she wants to sell this NFT on OTC. She can sell it to serge or anyone who wants to buy it, because mary was lucky to win the NFT of satoshi token.

D. | Satoshi Club:
Q3 from Telegram user @Luisz2210
ZeroSwap is currently facing some difficulties in deploying the staking contract on the main-net due to ETH congestion and gas fees, can you give a list of all the hurdles you have been encountering concerning this issue?

Aayushi | ZeroSwap:
So the gas fee is one, we have to deploy the dual contract, second, we are multi-chain IDO, so we need a random function on BSC as well, currently, we partnered with chainlink so they are providing VRF for Ethereum. For BSC we will build our own solution.

Mary | Satoshi Club:
What is your personal opinion can Bsc face gas fees problems also, btw?

Aayushi | ZeroSwap:
No.

D. | Satoshi Club:
Because they are working differently, compared to Eth and thus BSc will never face the problem of high fees?

Aayushi | ZeroSwap:
Scalability issues can arise in any chain, but as of now, it looks good. I asked for today’s ama the rewards would be distributed in $ZEE BEP20, so easy for us to send tokens.

D. | Satoshi Club:
Q4 from Telegram user @meml97
When you said you are developer-friendly, you talked about something called ZeeSuite, but looking for it on your website, I couldn’t find it anywhere else. Could you tell us what this ZeeSuite is and how will make Zeroswap more friendly to developers? Will only be developer-friendly or will it be something that is easy to use for every user on Zeroswap?

Aayushi | ZeroSwap:
When dev wants to build any Defi app, they need an exchange functionality. With zeesuite, users will be able to integrate Defi blue-chip tokens, in their app and easily provide access to tokens, without worrying over gas fees or trade fees.

Mary | Satoshi Club:
Is ZeeSuite already live?

Aayushi | ZeroSwap:
No.

Mary | Satoshi Club:
When do you expect it to be available for the developers?

Aayushi | ZeroSwap:
In Q3. In Q2 we will launch our own protocol, and then create a zee suite.

D. | Satoshi Club:
Q5 from Telegram user @AmirJosh
For the first 3 IDO projects, each user who takes a minimum of 100 $ZEE will be eligible to participate. After that next companies will decide a minimum of $ZEE to stake. What if the company set the minimum at 1 $ZEE? Will you reject or accept it as you give them the liberty to decide the number of tokens to stake?

Gaurang Desai:
We shall still accept it, but there no point staking 1 ZEE at any giving point of time as it not gonna help them.

Mary | Satoshi Club:
When first IDOs or you already had them?

Gaurang Desai:
We gonna announce it soon.
Do keep 👀 on https://t.me/ZeroSwap_ANN

D. | Satoshi Club:
Q6 from Telegram user @Wormz28
At the last part of your Roadmap, I’ve read about your Strategic Partnerships. We all know that one of the ways cryptocurrencies and crypto projects will succeed is through the creation of strong products and services that are adopted by people all over the world, and to create those products and services, crypto projects will need to create the right Strategic Partnerships right? So can you share with us your plans about these Strategic Partnerships of yours and how is it going now so far?

Gaurang Desai:
Partnerships are going really well. We are currently with, Covalent, Frontier, Elrond, Diadata, Altonomy, Defi Wizards. We are exploring NFT ecosystem partnership these days for ZeeDO.

Mary | Satoshi Club:
Btw, as I know you were listed on Kucoin recently 😉 Could you tell us more about your listing campaign?

Gaurang Desai:
We are currently running a Grand Prize Pool of 30,000 ZEE with KuCoin You can check out here – https://bit.ly/3pMgiMU.

Mary | Satoshi Club:
https://twitter.com/kucoincom/status/1364889035919958016?s=19

D. | Satoshi Club:
👏Big thank you for answers in part 1! @a17jain @iamgaurangdesai. We will open the chat for 2 minutes after the chat will be closed – you can start select questions from Satoshi Сlub members! 🤩

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Johnny ℹ️🅿️

🙋‍♂️Hello. I can see that you have launched your AMBASSADORIAL PROGRAM which is known as the “ZEEROS “. I have seen that anyone who is passionate about moving the world on-chain is welcomed to join your ZeeRoes Program, but is that all that is needed? Are there particular talents or expertise that are needed? How can an interested individual get enrolled in Zeeros?

Aayushi | ZeroSwap:
We have mentioned most of our requirements on the ambassador program page.

Gaurang Desai:
Hello Johnny.
You can fill-up the form here: https://bit.ly/3qEAzFw
Please do enlighten about your skill sets, accordingly you can be part of it.

Q2 from Telegram user @ Chinthaka93| Kragx DeFi

ZEE got listed on Kucoin recently. Then what are the plans on listing on another major exchange such as Binance? Do you have any plan on listing on Binance in the future? @a17jain @iamgaurangdesai

Aayushi | ZeroSwap:
We are exploring options for much bigger exchanges.

Q3 from Telegram user @ LI

🌟Initially, ZeroSwap will support Ethereum, Binance Smart Chain, and Elrond. Will you be integrating other blockchains as time passes? What is your main goal regarding the number of chains supported? @iamgaurangdesai @a17jain

Aayushi | ZeroSwap:
Yes, we will support Pols Ava also going forward it is in our roadmap.

Q4 from Telegram user @ Mamberroi

Zero commissions and no gas transactions!!!! I love that you think so much about the users but how does ZeroSwap support itself? Where do your funds come from?

Gaurang Desai:
Well, that is done via transaction fee mining, so on Day 1 when the protocol is launched, we will bootstrap the gas from our side, later whenever there is a trade $ZEE tokens are generated and they are kept in a reserve and will be used to fund for the gas.

Now users will say this way you keep burning $ZEE and their infinite tokens, or would you mint tokens?

No, we won’t.

We will simply have utilities for $zee to keep circulating tokens in and out of the system.

Consider amazon earning revenue from services like AWS, and running an e-commerce business as a no-profit no loss, we will have enough utilities around ZEE to provide enough value and funds for gas.

Q5 from Telegram user @ Hydra z

Do you think that your work team together with your associations and alliances are trained and experienced to develop the different ZeroSwap protocols? Where can I find information about ZeroSwap’s technical team?

Aayushi | ZeroSwap:
We will make our GitHub public. Our team is entirely based in remote locations. We are highly experienced developers.

Q6 from Telegram user @ Billion Successful

Is there an amount of ZEE staking that will guarantee an allocation in ZeeDo platform?. Or everything will be lottery based

Gaurang Desa:
It’s all based on Random Lottery system.

Q7 from Telegram user @ Chinthaka93| Kragx DeFi

Is ZEE listed on pancakeswap also? Can I join the liquidity polls n pancakeswap? And what will be the rewards and APY on LP on pancakswap? @a17jain @iamgaurangdesai.

Aayushi | ZeroSwap:
APY keeps varying, right now it is 300%.

Q8 from Telegram user @ 🇻🇳K e l l y 🧧

I see a telegram group very similar to ZeroSwap, is it a fake group or is it ZeroSwap?

Gaurang Desai:
https://t.me/zeroswap – This is our actual telegram group.

Q9 from Telegram user @ Chinthaka93| Kragx DeFi

Could you please explain about ”ZeeDO – ZeroSwap Dex Token Offering Platform” Is it live now? Why have you decided to go for a Swapping platform? Because we can see so many swapping platforms recently? @a17jain @iamgaurangdesai

Aayushi | ZeroSwap:
Yes, there are many swapping platforms but most of them don’t solve fundamental problems Like gas cost and trade. We are building a DEX with a very good user experience.

Q10 from Telegram user @ Tuvalunia

When do you plan to release your services for other networks such as Polkadot, Avalanche, etc.?

Gaurang Desai:
We have the plan to partner with them within Q3.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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:
Telegram Community – https://t.me/ZeroSwap_ANN
https://t.me/zeroswap
Twitter – https://twitter.com/ZeroSwapLabs
Medium – https://medium.com/zeroswaplabs

PART 1. Introduction of Polkadex project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called Polkadex.
Polkadex: The trading engine for web3 and Defi. A fully decentralized, peer-peer, orderbook based cryptocurrency exchange for the Defi ecosystem in Substrate.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Gold Rocket | Satoshi Club – @GoldRocket27 and Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Gautham – @gautham_polkadex – CEO | Polkadex

Vivek Prasannan – @vivekprasannan – Executive Director.

Introduction of Polkadex project.

Andrés m. | satoshi club:

Good day everyone, welcome to a new exciting ama session 😃

Gold rocket | satoshi club:

Hello, dear satoshi clubbers!

Andrés m. | satoshi club:

Today our guests are from Polkadex an interesting project, @gautham:_Polkadex, and @vivekprasannan how are you? Welcome today

Gold rocket | satoshi club:

Welcome to satoshi club @gautham_polkadex and @vivekprasannan👋

Gautham:

Hey Andres! It’s going great! Thanks for having us 😃

Andrés m. | satoshi club:

It’s an honor to have you here with us 💪

Gautham:

Same to you!

Vivek prasannan:

Hi guys, great to be part of this!

Gold rocket | satoshi club:

We are very happy to have you here today! 😊

Vivek prasannan:

Likewise!

Andrés m. | satoshi club:

To begin the ama, could you give us an introduction about you and about Polkadex?

Gold rocket | satoshi club:

Therefore, we expect from you interesting facts about your project. 😉

Gautham:

I am Gautham, CEO and the lead engineer of Polkadex.

Polkadex is a decentralized orderbook based exchange and an AMM pool with zero transaction fees.

Vivek prasannan: – executive director.

Gautham:

Polkadex tries to improve the experience and safety of orderbook based exchanges and solves the problem of gas fees, minimized impermanent losses in our AMM pool (a.k.a Polkapool)

Andrés m. | satoshi club:

Any specific exchange or all of them?

Gautham:

People are going to centralized exchanges even when we have Uniswap and other decentralized solutions so the goal of Polkadex brings traders who currently use centralized exchanges to our decentralized orderbook based exchange while maintaining the same experience, convenience and better safety of funds!

Vivek prasannan:

It’s a project built on the substrate the same framework that powers Polkadot. It’s an application-specific blockchain with a dedicated trading engine and AMM pool.

Andrés m. | satoshi club:

Could you explain more about the AMM pool topic?

Gautham:

Yes, Polkapool or AMM in Polkadex is an extended version of the weighted constant product binary pool. Supported by chainlink oracle to minimize impermanent losses.

The main feature is the feeless swaps. People are paying 60-70 USD per swap now in eth. Polkadex is not claiming low fees but zero fees. Forever!

Vivek prasannan:

AMM pool of Polkadex will have zero trading fees, automated market making, and bots that the market makes on-chain. It helps users to be market takers at specific prices, since it’s done on-chain, there will be minimal spread possible. Those users who want to do large trades can make use of our order-book exchange.

Gold rocket | satoshi club:

Sounds good👍

Gold rocket | satoshi club:

Thanks!

If you’re done with the intro, we can proceed to the community questions.

Gautham:

Sure!

Preselected questions about the Polkadex DeFi project.

Andrés m. | satoshi club:

Thank you for this clear introduction.

Q1 from telegram user @xusuo

I learn that the Polkadex project is fully 100% decentralized, so can you please explain how is the governance work for the user who holds your token? Is there any voting or token holder possible to do in the Polkadex ecosystem?

Gautham:

1. Polkadex orderbook is maintained off-chain with on-chain settlement so in case the off-chain operator gets compromised the governance will vote for the proposals to help release the funds people locked for trading in orderbook.
2. Every user needs a minimum balance of Polkadex tokens in their wallet (sufficient to pay the transaction fees but they don’t need to pay it just stake in your own wallet) to do swaps in our AMM pool
3. The treasury funds are also managed by the Polkadex token holders via on-chain governance proposals

Vivek prasannan:

Done.

Gold rocket | satoshi club:

Great answer!

Andrés m. | satoshi club:

How much is that minimum quantity?

Gautham:

Polkadex tokens worth 2-5 USD is more than enough

Andrés m. | satoshi club:

A low fee, great work

Gautham:

Just enough to pay the swap you are going to do but you don’t need to pay just stake it in the wallet. It’s not a fee. You are just staking yourself. You don’t lose it when you do the swap.

Andrés m. | satoshi club:

Every user can have their own pool? Or it is something general of the platform¡?

Vivek prasannan:

There is only one liquidity pool for each trading pair.

Gautham:

Just like Uniswap, balancer, etc.

Andrés m. | satoshi club:

Got it, thank you so much for the clarification. And how many trading pairs do you have?

Vivek prasannan:

5 initially, On the launch.

Gautham:

But the public can create their own pools and provide liquidity.

Andrés m. | satoshi club:

Could you mention them? 😃

Vivek prasannan:

We haven’t decided on the pairs yet, but we are planning to launch 5 pairs on the blockchain at the launch.

Andrés m. | satoshi club:

Of course, DOT will be there😁

Gautham:

Dot will be available when Polkadex becomes a parachain, initially, we will launch as a standalone network and when we win the parachain auction,DOT will be available.

Andrés m. | satoshi club:

Amazing info, we will be expecting more news about that.

Gold rocket | satoshi club:

As far as I know, you have already implemented testnet right? Tell us a little about it.

Vivek prasannan:

Yes, we have launched 2 versions of testnet, mainly aimed at benchmarking the exchange transactions and testing the load on the substrate chain. We have taken it down, it will be available in the testnet release version 3. It was up until 2 weeks ago.

Andrés m. | satoshi club:

Has it been audited?

Vivek prasannan:

It’s not audited yet, we will be completing our work by march and the audit begins in March.

Andrés m. | satoshi club:

Thank you so much, would you like to add something else before proceeding with the second question? 😃

Gautham:

No, we can proceed.

Andrés m. | satoshi club:

Q2 from telegram user @crypto_fanss1

Polkadex introduces FSP (fluid switch protocol) that will showcase how multiple AMMs interact with the orderbook. So can you tell us more details about fsp & how it works? Also aside from solving liquidity problems, what else do AMM pools intended to solve?

Gautham:

Fsp combined with the onchain market maker solves the liquidity. AMM is mainly focused on people who are concerned about KYC. Orderbook based decentralized KYC but the AMM pool doesn’t have KYC

Vivek prasannan:

Fsp when combined with onchain market making will minimize the spread for smaller transactions. It is a way to allow people using the AMM pool to place smaller trades at specific prices.

Andrés m. | satoshi club:

Amazing 👏 So Polkadex doesn’t need KYC, right?

Vivek prasannan:

We will use KYC for orderbook exchange using ZKP in kilt protocol to accommodate institutional market making, but will avoid KYC for AMM pool as it will eventually be launched as a decentralized protocol.

Even in the orderbook interface, we don’t call it KYC, but rather ‘proof of identity”

Andrés m. | satoshi club:

Users should provide an official id or only ask some personal questions?

Gold rocket | satoshi club:

Everything is clear to me. I read about your collaboration with fractal. Can you please share this with our community?

Vivek prasannan:

Yes, for the order-book exchange on which we use several layer 2 solutions to accommodate high-frequency trading in the order-book ( mind you, this is not the AMM pool), we will be utilizing a ZKP from kilt blockchain, using which users can store their own data and identify themselves using external identity providers like a fractal. The recent association with kilt and fractal was a way to achieve this and bring institutional market making into the Polkadex orderbook interface. The AMM pool, however, will be protocol-based that runs on Polkadex blockchain and will not be a layer 2 solution like orderbook, as it need not accommodate hft, traders will be happy with 3s-6s block time.

Andrés m. | satoshi club:

Are you preparing more fantastic partnerships like that?

Vivek prasannan:

Of course, we are partnering extensively with other projects in the ecosystem that will allow interoperability with our exchange. Since we are also planning to connect to Ethereum ecosystem, we have great projects like snowfork, moonbeam, etc which are potential partners.

Gold rocket | satoshi club:

Thank you very much for the information and clarification! Ready for the next question? 🚀

Vivek prasannan:

Yes!

Andrés m. | satoshi club:

Q3 from telegram user @brainchest

I’m a fan of using bots in trading. Tell us about the unique architecture that allow dynamic entry and exit based on the market situation.

What is this algorithm? You developed it based on historical price movement data.

Will it be possible to use custom settings based on the macd, ma, rsi, etc.

Will there be a usage fee?

Will there be copy-trading?

Vivek prasannan:

Yes, all of that can be accommodated in our order-book exchange, which can be compared to more like a layer 2 solution that allows high-frequency trading. This means, all data needed for trading can be handled off-chain which means, there are no fees to enter and exit a trade. Copy-trading and all forms of algorithmic trading will be possible. The only limitation is the settlement on the native chain, which is limited by its block size and processing time. ( which again is a scalable system that is improving every day). To start, however, our layer 2 solution for order book is capable of settling thousands of trades and balance transfers per second already with full onchain verifiability using off-chain workers.

Usage fee – network fees therefore == zero

Copy-trading = and more possible.

Hft = very low latency – possible

Algorithmic trading – possible.

Andrés m. | satoshi club:

Thank you for these clear answers

Gold rocket | satoshi club:

Thanks for your answer!

Copy-trading usually charges a usage fee. What percentage is planned to be taken or will it be determined by the trader?

Vivek prasannan:

Copy trading is not part of the project. I just said it is possible to run on top of ours, it will need to be set up as a separate service. Anybody can build a service on top of this. We can provide data.

Gold rocket | satoshi club:

Please provide the participants who are interested. 😊

Vivek prasannan:

We will focus on the underlying protocols and perfect them first before launching any kind of trading service on top of this. Will be happy to provide APIs if anyone is willing to launch a service.

Gold rocket | satoshi club:

By the way, you can share all the helpful links and information with our community if you like.

Vivek prasannan:

Sure!

Andrés m. | satoshi club:

After that, we can proceed to the next question.

Vivek prasannan:

People who’d like to know more about the project can join our:

1. Telegram channel: https://t.me/polkadex
2. Github page for development updates: https://github.com/polkadex-substrate
3. Twitter for public announcements: https://twitter.com/polkadex

Telegram channel also has a faq section that will answer most of the commonly asked questions. Hope that helps!

Gold rocket | satoshi club:

Thanks 👍

Andrés m. | satoshi club:

Q4 from telegram user @borysfireball

I see that you are the 7th wave’s web3 foundation open grant program recipient. Tell us more about how’re your applications going? How important it is for your project? Which benefits will Polkadex receive from it?

Vivek prasannan:

Polkadex is one of the earliest projects that got open grant funding to build an order book dex for the polkadot ecosystem. While most projects are AMM pool-based and building on the success of Uniswap protocol in Ethereum, we wanted to extend that innovation into building a better user experience for dexes. We saw that combining both AMM pools on one side (for solving high gas fees problem) and layer 2 solutions for order book (for solving user experience and hft problem) will give something useful for the community in the long run! We are also working on solving the hardest problems in the dex space. I am happy to say that the team has achieved tremendous progress so far!

Gold rocket | satoshi club:

🎉Congratulations! By the way if let’s talk about the team. What is your team? How many people, what functions do they perform?

Andrés m. | satoshi club:

Congratulations on your effort, it’s true that currently are several projects AMM pool-based, but yours have important features that make the difference from your near competitors.

s

Vivek prasannan:

Getting selected into the open grants program definitely gave a lot of legitimacy and early bootstrapping for the project and the dot ecosystem deserves a project like this where scalability and high gas fees are making DeFi unsustainable.

This will eventually benefit all projects as all our core protocols will be open for other teams to collaborate and make use of, once we launch!

Gold rocket | satoshi club:

I have no doubt about it! 🚀🚀🚀

Vivek prasannan:

Gautham is the CEO and lead engineer,

Deepansh is the coo and works on everything operational

I bring mentorship and overall experience in the crypto space as an engineer.

Support by a team of 6 other developers, one full-time designer, head of marking, few community managers, and at least 2-3 large marketing teams focused on different regions….we have a team size of around 15 people.

Gold rocket | satoshi club:

Thanks for the answer. Not a very large team for such a large-scale project 👍 Ready for the next question?

Vivek prasannan:

Thank you. We are trying to build something usable. Hope we get community support.

Andrés m. | satoshi club:

Do you have different local communities?

Vivek prasannan:

Building it one at a time. We have just started 😃

Gold rocket | satoshi club:

Good luck with this😉🚀

Vivek prasannan:

Yes, but we are fully funded and rapidly expanding our team. If anyone is interested to join hands, please write to business@polkadex.trade

Gold rocket | satoshi club:

Satoshi club! Note! Great offer!

Andrés m. | satoshi club:

Q5 from telegram user @lzamg

It is mentioned that there are two ways of bringing liquidity on Polkadex: Polkadot parachain and snowfork. Can you explain further what are each one and their main utility on Polkadex? Do the users benefit directly from both Polkadot parachain and snowfork?

Vivek prasannan:

Well, snowfork bring liquidity from Ethereum, and parachain will bridge liquidity from the dot ecosystem. Yes, users benefit from both!

Andrés m. | satoshi club:

Which benefits users will receive for each of them?

Vivek prasannan:

Btw, snowfork itself once production-ready will itself be a parachain, so connecting to them is easier.

Benefits – users can bring any erc20 tokens to Polkadex through snowfork parachain and they can bring any substrate-based tokens into Polkadex through parachain bridge to Polkadot.

Andrés m. | satoshi club:

And they will receive some revenues? Any staking problem for example?

Vivek prasannan:

Liquidity providers will definitely be rewarded from the trading fees, and we have a perpetual liquidity mining program being tested at the moment. It will be useful to bridge liquidity in the long run and will act like an interest-bearing account.

Andrés m. | satoshi club:

Now we have the last question for the part 1

Q6 from telegram user @rhedd

Since the advent of Uniswap, everyone is thinking that AMM pools are the end of the world for dexs, but traders don’t have control over the trade prices in an AMM pool. So how can you prove to the community that Polkadex is an orderbook based DEX ? and in what way can you provide more liquidity and also the presentation/production of a centralized exchange.

Vivek prasannan:

Polkadex at its core solves two problems:

1. An AMM pool far better than Uniswap – no gas fees, great UI and liquidity bridged through reward curve and mining programs.
2. An orderbook exchange (runs on our layer2 verifiable solution) with great UI/UX, supporting hft, but fully non-custodial and verifiable on-chain transactions with great security with very low attack vectors.

Best of both worlds? Yes, that’s what we are building 🙂

Andrés m. | satoshi club:

Thank you Vivek for these amazing answers, I’m sure our community really appreciate it

Vivek prasannan:

Thanks, my pleasure!

PART 2.Questions about the Polkadex 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 Polkadex 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 @Brainchest

There are a lot of fraudulent pools right now. Ubiswap simply warns you that you may not want to contact this pool. And Polkadex will filter projects? If you want to create a mechanism allowing to eliminate scammers?

Vivek Prasannan:

If there is any filtering mechanism in the future, it will be handled through governance.

Q – 2 from a telegram user @cengizhantekin

What solutions do you provide for price slippage and impermanent loss?

Vivek Prasannan:

Better bonding curve, and layer2 solutions for low latency.

Q – 3 from a telegram user @BlancaSdF

Besides the DEX itself, do you plan to add different other markets such as Launchpads, futures, synthetic assets, margin, or otc / p2p?

Vivek Prasannan:

Once the basic optimal blockchain read/write on substrate chain is perfected, you can add anything on top of it. It is just a matter of time.

Q – 4 from a telegram user @anh1973

Explain the recent major achievements made by?

Vivek Prasannan:

Improving latency and scalability to more than 1000 trade settlements per second. Up from 300 tps and network latency design at the beginning of the project.

Q – 5 from a telegram user @esrarengizbtc

Will Polkadex be able to achieve higher speeds than its competitors?

Vivek Prasannan:

We will achieve higher speeds than other off-chain solutions with better and faster verifiability.

Q – 6 from a telegram user @Btc3589

What are the advantages of using Polkadex compared to other Projects?

Vivek Prasannan:

We are not comparing to other projects. We are solving problems. So, our solutions will be uniquely solving all of those pain points I mentioned before about DEXes.

Q – 7 from a telegram user @Questing_Beast

Cam you tell us something about the tokenomics of the upcoming Polkadex token?

In what ways will the token be used on the platform?

Vivek Prasannan:

Tokenomics is private now. Will be shared after exchanges finalize listing formalities.

Q – 8 from a telegram user @Maksyrn

My question is about SAFT-based Token PreSale. And more specifically about its results. What can you acquaint us with? And what can we know about when the Public ICO will be held?

Vivek Prasannan:

It is not an initial coin offering. It will be an IDO following by an IEO. Will try to get the best places for the community to trade.

Q – 9 from a telegram user @smelekin

Can you give us some key points to convince us and other investors to invest in Polkadex and trust it?

Vivek Prasannan:

Please do your DD.

Q -10 from a telegram user @alptrader

What are the risks of using AMM pools on current projects currently on the market and what is it you are creating for our safety?

Vivek Prasannan:

At the moment, we are on track. If there are any delays connected to third-party approvals like auditing etc, it will be announced publicly.

Part 3 – Quiz about project

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

Telegram group  |  Light paper  |  Tweeter  |  Website  |  Medium  

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Meter and our guest was Jay Lee – @zzangbi13 and Jady Mashao – @Jady_mashao. The AMA took place on 24 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

D. | Satoshi Club:
Hello Satoshi Club! today we have an AMA session with Meter! and we are welcoming our guest – @xiaohanzhu! Welcome to Satoshi Club! 😊

Mary | Satoshi Club:
@zzangbi13 @Jady_mashao welcome to Satoshi Club 😀
Guys, we are really happy to have you here today and want to know about Meter as much as possible 😉 So, please introduce yourself and tell us more about what is Meter?

Jay Lee:
To introduce our CEO @xiaohanzhu, He has a mixed engineering and finance background. The first 15 years of his career were in R&D and engineering. Afterwards he got his MBA from Wharton and started doing strategy and investments. Back in 2016 he formed a VC fund called ZMT Capital. In 2017 many of our portfolio started launching tokens include Brave (BAT) and Aion. He started investing in cryptos as well. In 2018 I finished the first fund and decided that he enjoyed BUIDL more. That is when he started working on Meter.

Meter is a highly decentralized Ethereum scaling solution with a built-in low volatility gas currency. It connects to Ethereum and other public chains as a Layer 2 protocol.

Meter has a unique hybrid consensus protocol that separates currency creation from record keeping. It uses Proof of Work to create the $MTR low volatility coin and HotStuff based PoS consensus with $MTRG governance coin to manage the ledger.

Meter launched its foundation-maintained mainnet in July 2020 after 9 months of testnet. Today we just relaunched the final round of the incentivized testnet before delivering the full-featured mainnet. We expect everything will be on the mainnet after 3 weeks.

Meter will become the most decentralized yet highest performance layer 2 solutions for Ethereum by then. t solves the performance and high gas price problems you mentioned just now. trying to provide a stable gas price with smooth and fast experience in a permissionless fashion.

Jady Mashao:
Meter is DeFi infrastructure based on the sha256 and hot stuff consensus, are goal is to achieve a global stable store of value that is decentralized and open.

Mary | Satoshi Club:
To compare with other platforms which tps will you have?😀

Jay Lee:
Currently, Meter supports 1500 tps on a single chain. It is limited by the speed of EVM rather than the consensus protocol. We could scale it horizontally with multiple shards and chains.

Mary | Satoshi Club:
Thank you, guys for your intro! Do you have to add something or we can go to the questions from our community?

Jady Mashao:
Let me quickly introduce myself.
Hi all, I’m Jady Mashao meter ambassador based in South Africa, it a pleasure meeting you all, and hope we will have a great discussion today.

In brief, I’m an entrepreneur but come from an events management background. I have hosted a lot of social events around my city. I got introduced to crypto during the 2017 bull run. But have been an advocate ever since.

Jay Lee:
We have two tokens $MTRG is the main governance token, it is the ownership of the network. You have to stake $MTRG to validate and maintain the ledger in the system. $MTR is the low volatility coin created by 10kwh of electricity in PoW. It is used as the currency and unit of account in the system for paying gas and transaction fees. Since Meter has its own chain, we also created a Ethereum wrapped version of MTRG called $EMTRG for DEX trading on Uniswap and balancer. You could use our bridge to convert back and forth between $MTRG and $EMTRG.

We raised a seed round in 2018 and did an IEO on gate.io last July. All together raised a little over 2M in the past. The majority of the funding has been used for development instead of making noises. That is why we completed the entire solution already and a bit quiet in the space.

Also our doc site has a lot of information on the tokens and its use cases, so if you want to learn more about Meter, you could visit the doc site.

https://docs.meter.io/useful-information

D. | Satoshi Club:
Q1 from Telegram user @meml97
I read that Meter will have two tokens; $MRT and $MRTG. What are the differences between these two tokens, are they supposed to be use separated or together and why did you decide to create both at the same time? Why didn’t you just create one that could make fulfill all the needs you are trying to cover?

Jay Lee:
$MTRG is used for staking on the mainnet. $MTR is used for paying gas and transaction fees. The way we distribute newly emitted $MTRG is through on-chain auction with $MTR. Think $MTRG as the Bitcoin, $MTR is the mining credit to compete for newly emitted Bitcoin. The $MTR proceeds collected from the auction will partly distributed to the validators/stakers as block rewards, partly retained in the system that allows $MTRG holders to borrow against in the future.

Jady Mashao:
Our consensus is dual in nature, which means we have two consensus PoW for issuance and PoS for record-keeping hence the two token model.

Mary | Satoshi Club:
So, if I will have $MRTG on your mainnet chain to send it somewhere I will need some $MTR?

Jady Mashao:
Yes. It acts as the gas MTRG is only needed for governance.

Mary | Satoshi Club:
Will it be possible to earn $MTR simply holding $MRTG on your wallet, as we have with neo/gas for example?

Jady Mashao:
Yes, you can stake your MTRG and receive rewards.

D. | Satoshi Club:
Q2 from Telegram user @JesusFre1tes
We are in the presence of the “BOOM” of layer 2 platforms in the DeFi and blockchain world. What are the features that make Meter stand out in this tide of layer 2 platforms and applications? What are the strategic advantages that this type of technology provides to the protocols you have developed within your project?

Jay Lee:
There are multiple layer 2 solutions currently on the market including Optimistic Rollup, zk Rollups, state channel and side chains. Zk based techniques are incompatible with existing smart contracts. Optimistic Rollup is promising but it is definitely over hyped. All the rollups solutions today require a centralized sequencer to put transactions in order. It essentially is “the house” for all the transactions on the rollup. Not only it has the power to censor and front-run transactions, but it also easily triggers regulatory issues. Think about a BitMex running on the rollup. It is very obvious who the regulators should go after. stat channels are already out of favor due to the tech limitation.

Meter takes a side chain type of approach, similar to xDai, BSC, Matic, Skale. They are either Proof of Authority based (meaning you will have to trust all the validators in the network) or modified on top of Tendermint (Cosmos). Meter uses the most advanced deterministic consensus protocol called HotStuff. Facebook’s Libra is a variant of this consensus protocol. It is several times more performant and doesn’t require the entire network to be highly synchronized (which allows a highly decentralized network) compared to Tendermint. In Meter’s implementation, with the same amount of network traffic as the current 100 nodes Cosmos network, Meter could support 10k nodes. This consensus protocol is comparable in sophistication if not more to ETH2.0.

Jady Mashao:
All chains are interoperable and scalable but lack stability. Meter functions to in increase adoption via a stable unit of account.

D. | Satoshi Club:
Can we already use your layer2 solution, or it will be implemented soon in the future?

Mary | Satoshi Club:
Incredible characteristics! On the other hand, everyone always praises their project and that’s fine. But can you honestly say what you are missing? Are there any shortcomings that you would like to correct?

Jady Mashao:
Yes its up and functional, try it out.
More functionality is still being being built but you can try our ethereum bridge.

Jay Lee:
We should build more Dapps on our platform. We have already launched MeterSwap https://swap.meter.io on the Meter mainnet for swap between MTR and MTRG tokens. We just helped Avalanche team launching the AVAX to ETH bridge which was extremely successful. We will soon launch a seamless integration with ETH in March so regular users won’t even need to be aware of the existence of Layer 2. More applications like lending borrowing, synthetic assets and derivatives trading are all coming in Q2 time frame.

Jady Mashao:
True, we are not selling the world riches, just solutions to problems the majority of people in the world face. Hece we do not position ourselves as any blockchain killer. So therfore our marketing has been a bit relaxed but 2021 will see a change in that.

Mary | Satoshi Club:
Are partners with Avalanche?

Jady Mashao:
Yes we are, we are working working with them to intergrate as a re-layer.

D. | Satoshi Club:
I saw on your medium you have a lot of cool partnerships with Razor, AVAX, Harmony etc 👍

D. | Satoshi Club:
Q3 from Telegram user @NSZR1
Bearing in mind that MTR could be used to make everyday payments such as food or clothing, how do you plan to introduce this token to the commercial world so that it is adopted by as many businesses as possible? Taking into account that the concept of cryptocurrencies is often confusing for most everyday businesses.

Jady Mashao:
True, things are brewing in the meter lab.

Jay Lee:
Our focus is to build applications that attracts users/customers right now. Also, we are planning to develop mobile wallet so it could be used on commercial world.

Mary | Satoshi Club:
As I understand when you will go live you already will have your applications, I think you prepared well, right?

Jady Mashao:
Our approach is to introduce this currency were it is most needed. The majority of tokens act more as trading instruments then currency. Our approach is for people to protect themselves against rising inflation and still be able to conduct business with stability in mind.

Mary | Satoshi Club:
Which apps are you mostly focused on?

Jady Mashao:
We are focused on building the meter stack, wallets, explorers and are working with third-party developers to integrate their apps on or chain.

Jay Lee:
Yes, but we will try much harder for broader adoption.

D. | Satoshi Club:
Q4 from Telegram user @cengizhantekin
You provide an open platform for developers to build their own decentralized applications. What kind of apps can be built, please provide some solid samples? What will the advantages for the developers be for using your platform? What is required to start working on Meter platform?

Jady Mashao:
Any sort (exchange, social sites, games) of DeFi app can be built with speed and security upfront. The added advantage is that our protocol offers stability meaning transaction fees for games could remain low cost unlike others😉

Mary | Satoshi Club:
Which incentives you will have for developers?

Jay Lee:
Also, we have allocated 15M MTRG tokens for collaterals for future synthetic products and ecosystem development.

Jady Mashao:
Here is a link for all developers to follow
https://docs.meter.io/developer-documentation/introduction

D. | Satoshi Club:
Q5 from Telegram user @sirdefi
I am very interested in $MTR, a metastable token that is created by proof of work. What is the difference between this “metastable” token and the famous stable tokens ($USDT, $USDC, $DAI)? Every day new stable tokens are released, why do you think this one can make a difference? What fantastic things can be done with $MTR?

Jay Lee:
Fiat-backed stablecoins like USDT and USDC are centralized and thus are subject to regulatory restrictions.

Crypto-backed stablecoins like DAI first have capacity issues. The cryptocurrency used as collaterals could only be a small percentage of the its circulation to avoid avalanche crashes during the liquidation scenarios. They also have to rely on oracles which are typically centralized (there are only limited sources of high-quality data). If the oracle provides wrong data (could be as simple as a software/hardware glitch), the entire financial system may fail. This maybe too much of systematic risk for the most fundamental building blocks of a financial system.

Meter’s full decentralization and permissionless nature is designed to avoid such systematic risks. It gives up strong pegging to USD, but maintains a long term purchasing power stable value and eliminates counter-party, regulatory, and oracle risks typically found with crypto- and fiat-backed stablecoins.

D. | Satoshi Club:
So you don’t use any oracles in your project?

Jady Mashao:
Most of the tokens are pegged to other currencies, crypto currencies or based on algorithms. Meter converts energy (electricity) to digital value. Electricity is a global asset and does not bbelong to any institute; therefore meter does not face the risks other coins face such as regulatory, oracle, decentralization and over colletrallization.

Jay Lee:
MTR doesn’t need an oracle at all.

Jady Mashao:
Our base layer does not need oracles but we have partnered with some to put tools in the hands of developers

D. | Satoshi Club:
Q6 from Telegram user @Wormz28
About the latest Meter Roadmap update, I’ve read that 2020 was a huge year for Meter with the launch of your mainnet, token sales, the release of the first Dapp built on your network, and more. I can see and tell that METER already accomplished a lot from the very launch and in 2020, but there is much more to come in 2021 and beyond right? So what’s up for 2021? May we know your short & midterm plans, like a small overview of the development of your DeFi infrastructure, the adoption of MTR, and the growth of your community?

Jay Lee:
In 2021, we will focus on launching more mainnet functionality, continuing to increase cross-chain compatibility, and building Dapps on Meter’s infrastructure. Also, we will continue to partner with other public chains to launch MTR on their networks.

You can check the detailed 2021 roadmap here:
https://www.meter.io/the-meter-roadmap-2021/

Also, we have recently updated our tokenomics for MTRG token: https://www.meter.io/update-on-mtrg-tokenomics-2021/

Mary | Satoshi Club:
Can you give us some hints about your nearest partnerships?😉

Jady Mashao:
As for adoption we will continue to push boundaries were people need our token vs just trading as it guarantees market effectiveness. We will also host campaigns during the year for out reach and launch educational tools like the meter academy to educate new comers in crypto.

Jay Lee:
We have recently partnered with Spaceswap / Avalanche / Harmony etc, and for future partnership you can join our channel and check our announcement 🙂

Mary | Satoshi Club:
Guys, our community is waiting for chat to be open to ask you live questions 😉

Jay Lee:
Let’s go!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Ariana

Miners and validators are an important part of the consensus mechanisms of your two tokens MTR and MTRG, It says in your papers that they collaborate to make the Meter system stable, secure, and scalable, are this actors rewarded on your economic model? How do you incentivize this people to keep apportioning positive to your ecosystem?

Jady Mashao:
Miners create and are awarded with MTR. Validators also receive rewards for record keeping in the system.

Q2 from Telegram user @ Jolaine #FM Team

What do you think are the most outstanding advantages that Meter has over its competitors in the race to be the most important second layer of Ethereum?

Jady Mashao:
Our key feature versus other chains is stability; other tokens could be pegged to meter.

Q3 from Telegram user @ Crypto Jiren

❎ What is HotStuff consensus, can you explain them to us, how does this make Meter much more secure than other blockchain?

Jay Lee:
HotStuff consensus is a variant of Byzantine fault-tolerant (BFT) consensus protocol proposed and mathematically proved by Ted Yin during his internship at VMware Research in 2018. Hotstuff consensus has 3 benefits which are simple and elegant leader change (censorship and network failure resistance), higher performance than pBFT and less communication and data storage requirement.

Q4 from Telegram user @ Cengizhan Tekin

✅ What is the objective of On-Chain Auctions?

Jay Lee:
One of the most important uses of the MTR token is to obtain MTRG to participate in safeguarding, governance, and growth of the Meter system.
This is done via on-chain auctions that are automatically generated by the Meter system every 24 epochs.

Q5 from Telegram user @ Mr.Lonely

I want to buy $MTR, Where could I buy? Is it available in uniswap?
@zzangbi13 @Jady_mashao

Jay Lee:
Currently the most liquid CEX for MTRG and MTR is gate.io, mxc.com and bilaxy.com. For eMTRG, you could find on Uniswap and Balancer.

Q6 from Telegram user @ Nick

You updated $MTR tokenomics recently, can you tell us what changes where made from the older tokenomics?

Jay Lee:
We made a couple of important changes:
1) A chunk of total tokens were removed from future releases until new synthetic and derivatives products are launched.
2) The general emission of MTRG was set to 5% per year to strike a balance between rewarding validators and helping MTRG maintain its token value.

Q7 from Telegram user @ Egor Dubinin

Hоw did METER chаnge the economic game of PоW mining? How did you manage to mаke MTR much greener thаn BTC?

Jady Mashao:
The same energy will always mine the same number of tokens, unlike btc were you need more and more energy to mmine the same number of coins.

Q8 from Telegram user @ Andrew

Is MTR Stabecoin? If yes, what is the difference between MTR and other stabecoins: DAI,…?
@zzangbi13

Jay Lee:
MTR is not trying to peg to $1, it aims to complete Satoshi’s original vision, a sound money independent of the fiat system.

Q9 from Telegram user @ CRYPTONECO

What Marketing and business development plans do you have for METER? Will you add new participants to the METER ecosystem?

Jay Lee:
We are working hard on building out our developer ecosystem right now, with a formal developer program slated to launch in a couple of months. In the meantime, more cross-chain partnerships like the one with Avalanche, Harmony, and others to grow the Meter ecosystem and general marketing to increase awareness are in the works.

Q10 from Telegram user @ Frank Lampard Ziệt Nem

Do you agree that Satoshi Club will lead your project to global development? What services do you provide to the community What are your strategies for building a strong community?

Jady Mashao:
We are still assigning the markets and developing strategies for community growth. platforms like Satoshi club are good for teaching the mass about crypto we look forward to working with you more.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

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WebSite – https://www.meter.io
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