We are pleased to announce our next AMA on February 14th 2021 at 05:00 PM UTC Time: Satoshi Club x LiftOff
⚠️Click to see the hour
⚠️Total Reward pool: $800
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join LiftOff Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. LiftOff Team will select 10 questions and answer them.
Part 3: 600$ – A quiz about LiftOff
For more details:
LiftOff – @LiftoffETH
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
LiftOff aims to be fully decentralized and autonomous, it means cannot be censored or managed by any centralized authority, notwithstanding, countries regulations can become a problem, is it in your plans to become a global project beside regulations that can be? What audiences will you try to reach first?
Liftoff is the third presale platform developed by Lid Protocol. So, in your experience what are the best strategies to have a sucessful pre-sale? How is it going to be for LiftOff?
after checking your Tokenomics Lift Tokens have 30% give to buyback, can you give the reason why LiftOff
give that percentage for buyback, isn’t that too much ? and how are buyback and burn system will work
in Liftoff project?
after learn about LiftOff project, i know that your project have 2 Tokens LID and LIFT Token.Could you explain
to us what are the uses of these 2 token in your project ? are there any reason for having two token
LID and LIFT token ?
You have a strict requirement before members can benefit from LIFTOFF and you have grouped members into Tiers. What criteria do you consider in grouping members into Tiers and what are the benefits for each level of membership? Which of the membership level will be eligible to receive the NFTs artwork you have prepared for early supporters and what can the received NFTs will be used for? In addition, members will also benefit 3% airdrop from each successful sale on LIFTOFF. Will the airdrop be in $LIFT or in the native token of the launched project?
You have introduced three innovations (Crash insurance, Gradual payment, and Free Liquidity) in order to help fight soft exit scam. The Free liquidity will allocate 110% of the eth deposited to projects. Where is the extra 10% of deposited ETH gotten from and how will this be issued without risking any deposit? In addition, the gradual payment will initiate a delay approach by paying project developers 10% per week for 10 weeks. What happens if a project is in dire need of fund to meet project target? Does it mean they will have to wait till the 10 weeks is over?
Based on your website information, Liftoff is the third presale platform developed by Lid Protocol and none of Lid’s contracts have ever been hacked or lost liquidity which is quite assuring. I know you have been audited by Halborn, but I still wish to know if there are risks investors may be exposed to for using your protocol? Are there portion of your code base that could be made better? Also, are project developers KYCed before their projects are projected and do these launched projects make use of your security architecture?
You claim you can end the exit scams when a scammer deletes his social media accounts after the token sale period. How can you provide this guarantee to users? Do you have a pool to collect presale yourself or do you provide insurance from another pool? Can you explain the mechanism?
Liftoff website says that similar to Uniswap, anyone can create a token with any name, including fake versions of existing token. So why the need to use your platform when there is Uniswap that already established its name as a top player on the field and have a huge number of users?
There are similar projects but they can’t solve the some of the exit scam problems exactly. Because after the launch the team might abandon the project after they receive the tokens from sale. How can you prevent this from happening?
You are building this project for people to easily invest without searching for the project very deeply because you are building a security for scams here. After the invest what do you provide for LIFT members and holders? Is this project mostly for launchpool or are there any airdrops for LIFT members?
What encryption technology has LiftOff used? Will this protection framework also be used for new projects?
LiftOff allows any project developer to create a new token, token sale, insurance scheme, and marketing partnerships with just one click of a button. It really is a very efficient and fast way to launch projects. But will LiftOff team plans to provide some sort of security or insurance for your future investors?
LiftOff is an Erc20 launchpad dapp which means it will also suffer from Ethereums high gas fees that actually affects many projects. Do LiftOff develop an alternative plan or countermeasure to atleast ease the traders problems that cause by high transaction fees?
What is the role of xETH, a derived from the ERC-31337 technology on your economic model? What is the purpose of using it?
You are providing a crash insurance with 100% coverage for the fist launching week, and then for the next 10 weeks with a reduced amount, is this a sustainable feature for your project? What token is used to pay this insurance and what happens after these maximum 10 weeks?
The LID and LIFT tokens will work closely, why are in fheme different, and why are them necessary, what percentage of liquidity do the sales generate?
Scalability is a key factor to be successful in the environment of Blockchain and crypto, how is the speed of
Processes in Liftoff, what would be your limit of users?
Lid Protocol announces the launch of the LIFT token on the Liftoff platform, when will it be available on the market and where will we be able to purchase it?
What is the role that the community can play in the governance of Liftoff? how big can be the influence of the community in the decisions that drive the project?
LIFTOFF is a fully decentralized self service ERC20 launchpad and token sale platform. It also carries three innovations you have invented by yourself to protect buyers in token sales. I think there’s more deep reason behind these inventions, so may we know the further reason why you invented the technologies of LIFTOFF and how important are their roles in your platform?
One of your inventions is Crash insurance that allows token buyers to redeem their tokens at the original presale rate if the token should fall below its initial launch price. So how will Crash Insurance protects buyer’s capital if the Devs abandon the project in the first week and what is the maximum time Crash Insurance can last? Also talking about Safety Features, is your smart contracts been audited? If so, what firm audited the LIFTOFF smart contracts?
The LIFT Platform Token aims to spark community through rewards, memberships and voice. So about being a member, the process to join in your platform are: members must hold 1 LIFT, verify ownership of a discord account and receive whitelisting from the Lid Protocol team at its discretion. So can you explain each, the 3 process mentioned above? Like 1st where to buy $LIFT, 2nd about the discord account, what if we don’t have one can we still join and 3rd how to receive whitelisting?
LiftOff technology is design to protect token buyers..But it cannot work without the community support..LiftOff also believe in the DeFi community’s ability to support strong project and defeat the scams..In what way does the community will help and contribute to LiftOff platform?What will be the community’s part to make your project better and more stable and to resists the possible scams?
really what is the temporality of the launches in LiftOff? Can they be fully modifiable or are they already established? Is it because of them that this information is not completed in the form?
you say that you can create fake tokens from existing tokens with the same name, but there are no legal problems in it? not even copyright plagiarism?
If LiftOff is the most secure launch pad, does that mean that all the tokens that will be created on your platform will have to go through multiple verification processes in order to be developed? Or else, how safe is LiftOff?
Why really implement a reduced insurance at the pre-sale price for only 10 weeks? why not extend it for at least 3 or 6 months?
If LiftOff ensures that the capital of the users will not be able to be taken by the founders in the first 10 weeks, then the best alternative of these projects would be to hold only for 10 weeks and then withdraw them? or do you recommend any other option?
Have any tokens created in LiftOff really already been created and pre-sold? Could you tell us what it is and how the whole process has turned out?
I understand that with LiftOff I can create my tokens easily and whenever I want, but can it only be listed and backed by insurance only when it is used in Uniswap? or could it be listed in 1nch or another swap?
Everyone wants their projects to have the most effective and fastest presales of all, do you think LiftOff can help attract new users to the tokens created there?
The LiftOff platform has four different smart contracts LiftOffSetting, LiftOffEngine, LiftOffInsurance and LifttOffRegistration..What is the value and importance of each smartcontract in the LiftOff platform? And what benefits can the user and the platform itself get?
Talking about Liquidity,
Lacking of Liquidity is also one of the main problem endured by some platform and exchanges,. What are your plans to increase liquidity in LiftOff platform..?Does your strategy is enough to assist and attract more liquidity providers?
Lift and Lid is a native token of LiftOff built on the Ethereum blockchain that has a measurable quantity of issues. Does LiftOff think about a Layer 2 solution like Matic or migrate to Polkadot or BSC blockchain?
According to your website that LIFTOFF is an autonomous launchpad that anyone can use. Similar to Uniswap, anyone can create a token with any name, including fake versions of existing tokens. So ,is this being tolerated in your platform for creating tokens with any name including fake versions? What security assurance being implemented in your platform for investors to avoid dealing with fake versions of existing tokens? As an investor, it is so scary to bump with a fake version of an existing tokens especially if your trade with a bigger amount. So what if it will happen in the future in your platform, what is the first solution that Liftoff will be able to handle this kind of issue or problem? Thank you!
Are there certain conditions to get LIFT benefits?
Which area are you focusing on right now? (DeFi, Stake, Dapps ..) and what goals do you want to achieve?
Currently the world is experiencing a global crisis due to the Covid-19 pandemic and several projects have decreased. Will this have an impact on your business? If so, how can you manage your company to stay on top?
Security & User Interface are the Most Important Aspects that Users see on the platform. How did your project do this?
Liquidity, transaction fees and delays are always important factors. Will the innovation you have really be able to make it all happen? Who are the people working on your team, what are their experiences?
“STAKING” is ONE STRATEGY for ATTRACTING USERS and ACHIEVING MASS ADOPTION. Does your BIG PROJECT have a staking plan? And do you have a training and guidance system for newcomers to cryptocurrency?
If not only because of Lid Protocol, I will doubt about Liftoff however you have only small information in your website. So, can you share some good points of your collaboration with Lid Protocol? Aside from being the safe launchpad guaranteed by Lid Protocol, what other legitimacy can you share about your platform? Does your smart contract being checked and audited? How does Liftoff will take a spot and go with the flow in this crowded market? Thank you
Your username is Professor T.S.C Lowe, are you a Professor ? btw i cant found any info regarding Liftoff team in your website, how big is your team, and i hear that Liftoff are an anon team. as i know people afraid to do invest to a project with anonymous team, can you give explanation about this?
What is your claim that the LIFTOFF platform is a Fully Decentralized Platform? Can you give reasons that support this?
What was the goal of the LID team when launching the LIFTOFF platform? Did the platform launch expectations come true? There were no problems yet?