We are pleased to announce our next AMA on February 19th 2021 at 11:00 AM UTC Time: Satoshi Club x Polkabase.Finance
⚠️Click to see the hour
⚠️Total Reward pool: $75
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Polkabase.Finance Telegram group
We will have the following structure:
Part 1: 125$ /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: 125$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Polkabase.Finance Team will select 10 questions and answer them.
Part 3: 500$ – A quiz about Polkabase.Finance
For more details:
Polkabase.Finance – @PolkabaseFinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Will we ever get to know the Polkabase developers? I want to look them in the eye)))
Planning to work with the Polkadot team?
PBASE derives it’s value from a underlying asset, the Polkadot index. How long will this reliance be sustained. Are there future plans to become independent from Polkadot. Why should I invest in PBASE over other supply chain?
What is that new thing that pbase will bring to the crypto community that will change and surpass and improve based on where other projects with the same vision are at
We all know that the majority of real life users don’t know what blockchain is all about. How will Polkabase team bring the adoption & education on blockchain and consequently DeFi to these ones?
All project coins have their main Utilities & real-life usecase! So, Can you tell us what are the main role of Polkabase in your ecosystem? Explain it’s Utilities & Real-Life usecases? and Why should we invest in polkabase for a long term?
PBASE is built using an elastic supply protocol that contractually expands or contracts its token supply to achieve its target price. My question is, what is the goal you have with respect to your token and the price you wish to achieve? What benefits does this elastic supply model provide you and how will it help you achieve the desired goals you have in mind with your project?
Polkabase has chosen a basket of high growth potential Polkadot coins as its ‘Polkadot Index’. Why have they chosen to work with the Polkadot ecosystem? Which coins have you included within your protocols to create this index and adjust the price of your token to the total capitalization of these coins? Has this model been sustainable so far?
Polkabase Finance is a very interesting elastic supply platform. PBASE gives investors the ability to gain exposure to the Polkadot ecosystem and its expected growth without having to hold multiple tokens? This exposure can be obtained through the Ethereum network and infrastructure?
How was Whitelisted for the private sale formed?
How many applications have you received and how many have you approved?
For Q2 2021, you have scheduled initiation of discussions with family offices and other institutional investors. Family offices interested me! What exactly do you mean by them?
Just a week ago, Solidity.finance audited Polkabase on the testnet.
But on the Solidity.finance website, I did not find the Polkabase audit report. What shortcomings were discovered during the audit, because the audit was conducted on February 10, and was updated on February 11 (Resolving the problem with the rebase function in relation to Uniswap Liquidity).
What is the inspiration for this project and where do you see it going in the next 6 months-2 years. Why would institutional investors be interested in $pbase?
Are there any plans to add the use case of PBASE? We understand that the rebase token value depends on the elastic supply, but don’t you think it would be better if this token has another real use case?
To get a positive rebase, i think it is very important to encourage PBASE holders to keep their tokens. What is the strategy to encourage them for keeping PBASE tokens?
I was reading your Twitter account and find out that before you, another project with the name Polkabase was created and they were publicly accusing you of scammers and a lot of other bad things because of the similarities of the name. So, my question is, how are you going to handle from now on this kind of situations, because I’m sure they won’t be the first time this will happen to you, and how are you going to assure your community and maybe new users that you are in fact, not a scammer as they claimed you to be?
I read on your page that Polkabase is built on Ethereum but it allows investors to be able to obtain exposure to the Polkadot ecosystem. Could you explain how is this possible and how will this be more beneficial to investors? Why didn’t you just built Polkabase on the Polkadot Ecosystem?
On your roadmap you have in Q2 2021 “Initiation of discussions with family offices and other institutional investors”. Could you tell us a bit more about this? What family offices and institutional investors do you want to talk with and why specifically this kind of investors? What kind of target are you trying to get with this and what benefits could they bring to Polkabase that other investors could not?
Does “cryptocurrency” have future?
What are users’ incentives to switch from traditional banking system to public blockchain?
In recent times there have been a plethora of rebase projects, quite a number of them have failed in a short space of time, how is Polkabase different and what strategies have you put in place to ensure the rebase logic presents an opportunity for the project to be as long term as possible
Solidity Finance was the company in charge of the recent audit that Polkabase Finance underwent; and from what I could read in the comments, the experience for both companies was very rewarding. Could you tell us in more detail about the results of the audit and the feedback you received from the Solidity Finance team? Why did you decide to have Solidity Finance audit your project in the first place?
Thank you!
What are the main advantages that Polkabase offers to institutional clients and large entrepreneurs who want to make use of your platform? What benefits would large cap investors have by using the services you provide?
Thank you!
No matter how amazing Polkabase might be but the gas fee that a single transaction you have to pay right now using Ethereum is discouraging. May I ask if you are trying to find solution to this huge problem of potential PBase investors regarding gas fees?
Polkabase receives price data from 3 different sources: CoinGecko, Coin Market Cap and LiveCoinWatch. Do you use your own oracle system? What happens when you dump or pump one of your assets? Is there an insurance against manipulation?
In the roadmap, you talk about listing on CEX but subject to their ability to process the Rebase coin in their wallet infrastructure. Is this really possible? Do you have a list of exchanges that can handle this? Where is it easier to list the token technically? On CEX or DEX ?
Are there token blocking deadlines for all types of investors and teams? What initial liquidity will you provide on Uniswap and will you support the token price on CEX?
I still don’t understand something…. Why Polkabase was built on Ethereum Blockchain if its main product ($PBASE Token) seeks to take advantage of all the potential of the Polkadot Ecosystem? Ethereum is getting more and more expensive, I don’t think a novice investor would want to pay so much Gas fees starting from the fact that PolkaBase is intended for Newcomers to the crypto space, according to you.
Tell us about your “Polkadot Index”. What criteria have been taken to choose these 10 projects? What is so special about them? I also have a question: If all the projects belong to the Polkadot ecosystem, isn’t it possible that the behavior of all of them revolves around $DOT? Is it really useful then to rely on such related projects?
I see that Polkabase takes its price data from CoinGecko, Coin Market Cap and LiveCoinWatch. Don’t you plan to integrate some other source to give some more security? Or why not work with an Oracle? Do you plan to do it in the future?
Commonly the elastic supply projects have troubles to work with AMMs like Uniswap, so considering that you’ll be listed there, can we know how will you affront that intrinsic factor?
✴️ To any elastic supply project to maintain a price “stable or pegged” is need apply the “Rebasing system” and basically the difference between Elastic supply projects are the times per day that they use it. So how many times per day Polkabase uses its Rebase system?
One of the biggest objectives of Polkabase is become into the TOP 30 of crypto projects, but to make this possible do you need a strong and committed community members. So how Polkabase works to make its dream true?
Summary of audit findings from Solidity: “Ensure trust in the project team as they have notable power in the ecosystem. The team has the ability to update the monetary policy address at any time. This contract also gives the team the ability to execute arbitrary transactions. The owner has the ability to update the orchestrator and oracle addresses at any time; as well as some variables used in calculating the rebase. “Explain why it was necessary to leave so many windows to change contracts
Any plans to list on other trades in the near future? the problem is that buying $ PBASE at uniswap is too expensive as the price of ETH increases. In order for your goals to be successful, what is your marketing system? Are there any plans to partner with other project partners?
I would like to know what are the advantages of owning an elastic supply token whose price is linked to a basket of cryptocurrencies in the Polkadot ecosystem? Let’s also be clear that there are already many, many elastic supply tokens in the DeFi ecosystem Does PBASE have anything different or special other than being linked to Polkadot?
In your roadmap for the first 2021 quarter its CEX listing “where the CEX can handle a Rebase coin within their wallet infrastructure”, do you have some in mind already? How are you planning to make your rebase method available for everyone?
Polkabase aims to be welcoming the newcomers to the crypto world who are uncertain which coins they should buy, how are you going to prove this is confident and strong builded platform to invest? Also, when are you going to list your token on Uniswap and lock the liquidity?
As for the pricing data, where are the price feeds taken from? Do these oracles display the correct information? How does it protect itself from price manipulation?
Polkabase Finance is a very attractive elastic supply platform. PBASE gives investors the ability to gain exposure to the Polkadot ecosystem and expected growth without having to hold multiple tokens? Can this exposure be obtained through the Ethereum network and infrastructure?
Being publicly anon is still a concern even though you guys have doxxed yourselves. Scam is at Its All TIME HIGH now and most investors have phobia for new project investment because of this.
What are the feasible signs to prove Polkabase is here for long term?
From your explanations thus far, it seems to me that you have some relationship with Polkadot. Is this project a subsidiary, Associate or partner of Polkadot?
The Presale of PolkaBase was taken place on the unilock.network last February 11,2020. Considering it is your 2nd AMA and your first AMA was yesterday in another telegram group as what I have read in your twitter account, can you tell us the result and outcome of your presale? Does the Hardcap being met? What marketing strategy being used before presale to attract more investors? Honestly, Unilock.Network is not so familiar, I just know it from reading your website, so why did you choose to launch your presale in their platform? What are the advantages being hosted by them? Thank you is not so familiar, I just know it from reading your website, so why did you choose to launch your presale in their platform? What are the advantages being hosted by them? Thank you
Polkabase.Finance named itself as the “FIRST elastic supply coin”. Can you explain what is the special features of elastic supply coin? Is it just another name for rebase coin and we know that there are already circulating rebase coins in the market.?
The vast majority of projects that implement elastic supply in their tokens have not been very successful yet, do you think it has to do with being part of the ETH chain? Do you think that Polkabase will be successful thanks to the DOT features?
You mention that “you can have exposure to the Polkadot ecosystem thanks to the Ethereum network and infrastructure”, but how is this possible if they are really totally different chains?
I understand that the Polkadot chain is super promising, but are each of the Polkadot coins in your index basket that way too? because if the capitalization of those tokens does not increase, your tokens will be directly affected right?
While reading some information in your website, I couldn’t find any revenue model stated in your website. So to give info, can you elaborate some of the ways to earn in your platform? Do you have plan to add features like staking, lending and mining or farming with $PBASE token other than pegging the weighted market cap of a basket of cryptocurrencies in the Polkadot? NFT is also trend in the market, do you wish to bring it on with Polkabase ecosystem? Thank you
You mention that this project is ideal for certain types of investors, among them “newcomers”, why do you think it will be the best for them before a solid project like BTC or ETH?
If the market capitalization of the Polkadot index actually increases, so will the value of Pbase, but if so, why not add more tokens to that capitalization index? or is it that polkadot only has those 10 tokens?
Really why did Polkabase prefer to implement a static supply system based on the Polkadot capitalization index? Could you detail us what are the advantages over other chains?
I understand that the ratio of the market capitalization and the value of Pbase is 1 = 1 billion, but in case there is a considerable drop in the market, does Polkabase have any system in its algorithm that can prevent its value from falling considerably?
You mention that first Pbase will be listed on Uniswap and then they will list it on Cex platforms, but do you really already have the platforms on which it can be marketed? already have a defined date?
I bet it was easier choosing consolidated projects to be part of the design PBASE, but what was your guidance to choose some new projects, that may have potential, but are not yet consolidated? Would you consider that an added risk for investors?
The index of Polkadot is composed by exactly 10 projects, why 10 projects, were there more that you considered would have contributed to the potential of PBASE? What is the reason why you chose 10 tokens, not more or less?
Polkabase chose some ‘high growth potential’ coins from the Polkadot’s ecosystem to hold the value of PBASE on them. What was your mechanism to filter which coins were worth being part of this list, and which ones were not? What are the shared features among the chosen coins that show potential?
The exposure that PBASE offers for the believers in Polkadot’s tokens can also be obtained by ETH chain, how is this connection done, and through what token?
The price of PBASE is determined by 10 tokens of the ecosystem of Polkadot, so I want to know, how confident are you on those tokens, to put all the value of PBASE on them? What trust could holders have, why are Polkadot’s tokens the best for this type of coins?
Polkabase has created the first elastic supply token on Polkadot, what advantages will PBASE have that no other elastic coin has due to being based in Polkadot? And if it is so benefitial, why do you think nobody did it before?
The polkadox index is composed of 10 projects, why only these specific projects? Aren’t you planning to add more projects to the ecosystem?
If the market cap of the Polkadot Index is $2.70B, PBASE is set at $2.70? if so I am intrigued as to how this is possible ?
What benefits does polkabase finance offer to its new investors? And what differentiates Pbase from other tokens?
The Polkabase have plan to integrate Chainlink oracle for Polkadot Index in as a node operator, is that correct? Are there any updates this and about what month will the node operation launch?
On their website they mention that “PBASE” is the FIRST elastic supply coin. My question is, what are the benefits of PBASE being the first elastic supply coin? What is the difference between a normal coin and PBASE?
How PBASE manages to price according to the market capitalization of the Polkadot index? So if there is less capitalization, the price of PBASE would go down? And if there is more capitalization, the price would rise? Does this have any limits?
If the market capitalization of the Polkadot index reaches $ 30.0B, does it mean that PBASE would be pegged at $ 30? Could you staking predicting the capitalization would go up? In which wallet could I store the PBASE tokens?
Polkabase team claim to being anon for decentralized and security reason but people prefer to do investment with well known project and team, how did you convince people that Polkabase is secure?
Can you explain about Polkabase pricing data, how do you create the price feed? Do Polkabase have market data tracked on coingecko or Coinmarketcap?
Actually there are so much Polkadot coin that already exist out there, can you tell me what coin that Polkabase team already choose to put into Polkabase platform and what is the reason? Also do you have plan to implementing new tokens in the future?
At your roadmap I saw you’re planning to CEX listings. Do you have any cex in sight? where do you like to list Polkabase’s token?
As I know Polkabase is built on the Ethereum Blockchain, Why did you choose a blockchain with expensive limitations?? How does this benefit investors?
What is the purpose on Polkabase’s strategy of take its price feeds from 3 different sources, CoinGecko, Coin Market Cap and LiveCoinWatch? what happen if one source is outside of the standard deviation?
Why built a private sale smart contract that will only accept funds from the whitelisted addresses?? what happen if the hardcap isn’t reached from the 22 addresses?
PBASE is a derivative designed to reflect the market performance of it’s underlying asset and PBASE’s target price is 1 billionth of the weighted market cap of the Polkadot Index. So can you explain more what is POLKADOT INDEX and how will you ensure an even balance between DOT and other coins? Also when the $PBASE token price is out of sync with it’s target price, what will happen to the token supply?
Most of the people’s questions during AMA are asking about the Projects strengths and what they have achieved so far. So at this moment, can we talk about weaknesses and challenges? If there’s any, what is your project’s weakness and what challenges or difficulties have you faced in developing POLKABASE and how have you overcome them?
Many projects understand the importance of strong community but community themselves don’t understand the importance they play within a tokens success. So how will POLKABASE motivate people that are not familiar with the Polkadot ecosystem to gain exposure to the potential price gains whilst interacting on the Ethereum chain?
Is there any limit to elastic coin? Or theoretically it can expand to infinity
What do you think is the biggest challenge on today modern cripto finance given that there is mayor players on classic finance?