We are pleased to announce our next AMA on February 5th, 2021 at 03:00 PM UTC Time: Satoshi Club x Bosagora
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Bosagora Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Bosagora Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Bosagora
For more details:
Bosagora – @bpf_eng
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
While many are still basking in the euphoria of decentralized finance which is still in it’s nascent stages and is believed to be a better alternative to traditional/centralized finance, BOSAGORA is already thinking differently and has launched an alternative to Defi on Feb 17 which you called, True-Finance (T-Fi). What limitations have you identified with Defi and how will T-Fi provide a viable alternative which will make it the next-generation financial business model? How will T-Fi Blockchain Model combine the financial products from blockchain finance and traditional economy model and still be able to provide stable and high returns?
I have read that BOSAGORA adopted the modified Federal Byzantine Agreement(mFBA), which combines the characteristics of proof-of-stake(PoS) with FBA, as the consensus algorithm. How does mFBA agreement works and what benefit does leveraging on this features brings to the BOSAGORA blockchain? Since you are still going to combine the PoS with the FBA, how will nodes verify data and reach a consensus so as to ensure fast transaction with high energy efficiency on the BOSAGORA’s blockchain?
BOSAGORA has a feature which is called Commons Budget which can allow Congress members to finance their ideas and great projects within the BOSAGORA platform. By Congress members, do you mean any member of your community or ecosystem? Is the “Commons budget” like a take-off grants or fund accelerator support for innovative projects which are willing to build on the BOSAGORA blockchain? I saw that about 1.8 billion $BOAs can be minted for this purpose. What are the requirements to access this fund and what type of project is the ‘Common budget’ used to support?
I read that one of the objectives of BOSAGORA is to contribute to the Sustainable Development Goals (SDGs), but I don’t know what relationship BOSAGORA currently has with the United Nations. Why does BOSAGORA place a large part of its effort in working hand in hand with the United Nations? and what benefits can this bring for both parties?
I had not read about this new trend called T-Fi (True Finance), BOSAGORA adopted this trend.How does this True Finance business model work and why does it combine blockchain with the traditional economy? Isn’t the traditional economy an aspect you want to abandon?
I have seen the BOA token closely related to real estate and high yields. Is this the market that you currently want to serve through BOSAGORA? What challenges of the traditional market has BOSAGORA encountered when working in the real estate field?
Bosagora says that DeFi is a great example of innovation but that it still has many limitations. Why does the Bosagora platform consider DeFi to be far from universal if DeFi currently covers a wide range of use cases? What financial tools does Bosagora offer to meet DeFi needs?
There are three ways to participate in T-Fi from the hand of Bosagora, I like the “Confirmation of BOA through the operation of the node”, What activities promote the generation of rewards through the BOA token and how this strengthens the development of T-Fi?
We all know that DeFi is based mostly on Ethereum and everything that encompasses that ecosystem, but the income generation mechanisms are complex and difficult for the public to access, Bosagora proposes T-Fi before DeFi What limitations are overcome by T -Fi about DeFi and How Bosagora influences this business model today?
On your whitepaper, you claimed to be a fully decentralized blockchain, but later on, you compared BOSAGORA with Ethereum and Bitcoin, where you said that your decision making process is done by a Democratic Congress. My question is, are you really a fully decentralized platform then? Because having a Congress seems a little centralized to me, so I would like to know if you could please explain this part better?
I noticed that on your tokenomics, you designated 54,5% of your tokens to Confirmation Rewards, why did you make that choice and could this % be higher or lower with time? Could you tell us why this rewards are so important that you decided to put more than half of your tokenomics to it? What benefits will this bring to BOSAGORA, the ecosystem and its users and investors?
The first thing I noticed when I went to your site is two White Papers in two languages: English and Chinese. This is the first time I’ve met such a thing! Please tell me, are they absolutely identical or are there any distinctive features depending on the country (besides the language)? Have you thought about publishing the White Paper in languages that are understood in other countries, for example, Russian?
In our Satoshi Club they talk a lot about BOSAGORA. But I’m still new to your project and I’m interested in the Deliberative decision-making platform Votera. What is the purpose of this platform, for what purpose was it created? Is this platform designed specifically for node operators? Please tell us more.
In the Bosagora White Paper it says that you can achieve a yield greater than 30% in a year but it is necessary to bet more than 30,000 BOA tokens, but what will happen to those holders who have difficulties to meet the requirement of more than 30,000 BOA tokens ? Is it possible to receive rewards through another type of service in Bosagora?
There is an area of Bosagora that I do not understand what its function is or how it strengthens the growth of the BOA token. What is the role of T-Fi Labs (LTD) and how does it strengthen the BOA node operations service? What position does this field have within the structure of Bosagora?
I read on your website about Bosagora and the interest generated through FMway, I have some doubts How can you obtain fixed income through interest in FMway and BOA? What services does this partner provide in relation to fundraising for BOA?
On your whitepaper, you compared BOSAGORA to Bitcoin and Ethereum blockchain in some aspects to show the differences between them and how BOSAGORA is built or would perform on those areas, but what can you tell us about those aspects that you didn’t mention? For example, Bitcoin is known for having scalability problems, but will BOSAGORA have that problem too or were you able to solve it? And, in case of Ethereum, it is well known its high gas fee prices; how will BOSAGORA handle gas fee in a way that its users will be satisfied with it?
In Busineswire.com it says that Bosagora integrates with Chainlink to use the Oracle solution, a few days ago in satoshi club I read about another platform that has also done the same integration with Oracle, What is that common need that forces platforms like Bosagora to integrate with Oracle and why Bosagora what can we expect from this integration with Chainlink?
in a Tweet I read that Bosagora “Wants to become a decentralized autonomous organization (DAO)”, What is the key factor that is needed for Bosagora to reach this milestone and how does Oracle solve these needs within the BOA ecosystem?
Bosagora launched the “Bosagora Slates T-Fi” platform on February 22nd and this business model has been gaining strength, What does it feel like to be pioneers in this new T-Fi business model and how Bosagora will be able to remove each flag established by DeFi in the current market?
Is “Bosagora” technology really defined as “the best blockchain technology”? What is the technology that Bosagora has to say this? And how do you guarantee the full transparency of the consensus algorithm?
Currently Bosagora is integrating with many projects such as Kucoin, Chainlink and T-Fi. And I would like to know what are the alternatives and benefits that Bosagora offers to all its allied projects. Could you explain to me why so many projects have decided to trust Bosagora?
Bosagora is defined by Pursuing democracy, legitimacy, fairness, transparency, and efficiency at the highest level. But how does Bosagora really meet these high-level characteristics? How does Bosagora achieve so much efficiency with so much competition? Does the technology they use influence this?
Bosagora intends to implement the trust contracts. But how does this contract achieve total efficiency and safety? And with what tools is this contract developed? Can you tell me more about this type of contract?
Bosagora is also a project that makes many decisions to ensure its users the best experience and efficiency. So, my question is: Do they give some participation to the users of Bosagora? Making the community also be able to choose the most convenient?
Since Bosagora contains built-in Governance and a deliberate decision-making platform. Could you explain to me what are the processes and decision-making steps within Bosagora to allow total effectiveness?
Working with a recognized oracle definitely will help Bosagora with their ambitions to become fair a transparent with “the highest standard”, can you tell us why did you choose Chainlink above other oracles? What will be its role on your ecosystem and is there any other oracle involved with Bosagora?
It says in your whitepaper that Bosagora will redefine “Trust Contracts” wich enables a programmable contact, what differences does these excecutable contracts have with the smart contracts we’re all familiarized with? What vulnearabilities are being mitigated and can this contracts also be audited?
BOSAGORA is born with the vision of being a blockchain that allows to have a better world contributing to the Sustainable Development Goals of the UN… Interesting proposal, and admirable, because most projects do not mention anything other than money. So, if this is your vision, it is because you have detected problems in the current blockchain. As Bitcoin and Ethereum are the most important ones, I would like you to tell us what are their problems, what gaps do they leave that BOSAGORA can fill? What is so special about your consensus protocol, your nodes and governance? Make us fall in love with BOSAGORA!
One of the most important components of BOSAROGA is the Congress Network. Who are they? What is their function? Who chooses them? What do you need a Congress for?
Tell us about the Commons Budgets. First time I hear something similar in a Blockchain. What is this proposal used for? Who contributes to it? Who decides when and how to use it?
Launching a blockchain is a very large project, it takes extensive knowledge and experience, do you think that your work team has these characteristics and that they can achieve many objectives?
I understand that your blockchain is not as developed and advanced as other blockchains such as Ethereum, BSC, BTC, etc., but in terms of scalability, interoperability, functionality, security and versatility, what can your blockchain offer?
What is the main problem in web 3.0 that Bosagora seeks to solve? What is the purpose of Bosagora in the world of blockchains?
You drop the term Smart Contracts from Ethereum and employ the term Trust Contracts. What are the most important differences between both? What things do they solve about Smart Contracts? Are they more secure? Easier to program? I saw that you use WebAssembly as the programming language for them. Why did you decide that it is better than Solidity?
I’ve been following the Bosagora news for a full year and they’ve always touted it as a blockchain that will “play a vital role in building a better world”, but it really hasn’t managed to build that better world yet, has it? What is really missing to be able to specify Bosagora?
You mention that Bosagora achieves “efficiency of the highest level”, but that level can only be obtained with Bosagora? or really other projects achieve it too?
I notice that on your website you mention a lot about the Congress Network and about democratization, but is that really not achieved with the community governance vote? Or is DAO really not completely fair and democratic like the Congress Network?
Many platforms mention that they can create new projects and tokens in just a few clicks and a few minutes, will they have greater facilities to develop projects than Bosagora?
I understand that initially in 2017 the BOSAGORA Foundation was founded and then in 2019 BOSAGORA until now, but is this “Foundation” still fully active? or currently the whole team is just working on setting the project enabler?
BOSAGORA recently proposed a T-Fi financial ecosystem, which would be the first step as a first step to make the world better, but how will it do better only by combining blockchain and the traditional economy? that easy?
I read on their website that they seek to implement the “Trust Contracts, they will provide a creation engine that improves and facilitates the development of the project”, but really only Bosagora will implement this type of contract? Or have other projects already implemented it and achieving great results?
is it really that important to achieve a democracy of another level in blockchain? Don’t you think DeFi will have long life and reliability without Bosagora’s deliberate decision-making platform being implemented?
When I’m in a good mood, I like to think about what I would do as a developer of this or that project. Giving advice is my favorite pastime, but it’s probably an age one)) That is why I like the DAO management system. And the first thing I noticed in Bosagora This is the VOTERA platform. I watched the demo video on YouTube, but it is too short to get a full picture of what it is. Tell us about VOTERA, how it works and who can vote
As mentioned in the BOSAGORA white paper, its still unclear how the team is using a consensus
mechanism to separates economic incentives from political ones. Hope to get more details about this “Anti-centralizing Consensus Algorithm”.
You announced support for Multi-Channel Payments. I read your article but honestly did not understand what payments are in question and what a Flash layer is. Could you explain what this development is and why it is needed
This project uses a Modified Federated Byzantine Agreement algorithm, but modified how? How is it more efficient a faster with this modifications?
Bosagora uses a governance platform for stakeholders named Votera, which requires a sort of identification to be able to participate, is it a KYC? What are the requiriments to access and is it available globally?
Team, the proposal to use web assembly is quiet interesting since it is a new technology to the community.
it would be much more helpful if more information is provided on how this technology provide safety to the trust contracts.
If The POW-based protocol has
many security and decentralization issues. Why BOSAGORA choose this protocol?, How BOSAGORA overcome that limitation?
About Deliberative decision-making platform of Bosagora project. How does this platform works? Can You tell us about the technology behind?
As I Know BOSAGORA team completed The Quorum Balancing MVP, How will the validation of transcations work? Is this a big change for BOA?
Why does $BOA choosing to build on Ethereum blockchain instead of tron or Binance blockchains which have better gas and fee?
Is there any plan to create $BOA own chain or migrate to other chain?
Naming a Cryptocurreny Company has never been faster or easier, it’s always very difficult to determine exactly where to start and we believe that the first step in creating a cool, creative and catchy brand name is defining the underlying tone of your brand. So your brand is called BOSAGORA, BOSAGORA came from the word “BOS” and “AGORA” combined together, which shows the true birth of democracy. Can you share us the story behind why you chose that name and what’s your inspiration? How special that name to your Ecosystem?
As far as I know Bosagora has really a good heart towards the needy like the campaign that you have which is the Jia You Campaign ❤️ initiated by BOSAGORA to support flood victims in China as introduced in news article in Yahoo Finance and also BOSAGORA Endorses UN SDG COVID Citizen Action Campaign. So can you tell us what motivates you to do those things towards humanity? Fo this year 2021, what is your upcoming plans for more campaigns to help more people in need especially this time of pandemic? Thank you
BOSAGORA has the help of VOTERA to offer tools to create blockchains, how is this process done to achieve a clean and smooth node with white security without centralization offering a democracy to achieve fair and balanced governance? How is the dynamics in this decision-making with Votera, why Votera, how do decisions with Votera influence the blochckain of Bosagora?
Can you briefly explain the Votera System that was launched in Bosagora last year 2020? How does this system works in Bosagora network? Is this system still exists and still live and applicable in your platform until now? Thank you
BOSAGORA focuses on establishing a decentralized blockchain platform and it’s so nice that you can implement a democratic decision-making process based on Trust Contracts and Congress Network. So how does BOSAGORA really works and how will you aims to provide an efficient and safely designed contract creation engine in an easy-to-develop language with many tools to be used by all?
You say that T-FI is an expanded concept of De-Fi, so how Bosagora manages to expand this system by improving the features that De-FI offers, what is different here that De-Fi does not have that improves T-FI as a financial product, is a global financial system without limits but which model does it offer, what changes from De-FI?
Bosagora says that he wants to contribute to safer and more convenient financial services and his goal is to contribute to the Sustainable Development Goals (ODS), which are the goals of humanity set by the United Nations, so that Bosagora proposes to the crypto world to take To carry out this mission and this objective (ODS), how do you propose that trust and transparency to achieve a reliable community security, how Bosagora goes beyond a simple financial product with demogracy where anyone is free to vote and right?
Recently, BOSAGORA announced that you are integrating Chainlink, the most widely adopted blockchain oracle solution, to ensure secure and reliable prices for calculating returns in your innovative staking pool investment model. So can you tell us why you chose or selected to use CHAINLINK Price Oracle to your BOSAGORA BOA staking pool? Also how will you plan to expand the utility of the BOSAGORA platform and its token?
I was observing and it caught my attention “WebAssembly”, you say that it is a new type of code that can be executed in a modern web browser. So, can you explain to me how this one is in charge of providing
new capabilities and deliver significant performance benefits? Can anyone use this type of code? How does it work?
According to the methods that you used to build a contract that guarantees a safe and precise execution that maximizes its scalability, you implemented 2 methods: “the flexible programming language and the lightweight, less flexible but decidable domain-specific language”. So, why did you choose the latter? , which turns out to be decidable and why not go for the first method? Can you explain to me how they both work?
1. Let’s talk about indirect payments a little bit. So, to make the Flash layer convenient to use and more scalable, you say you have need to enable routing payments through indirect channels via the use of Hashed Time-Locked Contracts.
About this, does your execution engine already supports HTLCs? Can you give us an example case of how it works, making us understand step-by-step how the transaction would unfold? Is there a risk that channels are can be closed till the HTLCs are resolved? What are the main properties of your cryptographic hash function you are using in your BOA?
About PoS attacks. Could you tell me a bit about how Bosagora manages to fight them? How has Bosagora managed to solve the consequences of both Stake Grinding Attacks and Short and Long Range Attacks?
2. Let’ talk a bit about Community power, because through this BOSAGORA project live. Technology is the story of change. Successful technologies improve, adapt, and evolve over time. In the blockchain, the sector in which decentralization is the often exposed ideal of every project, that decision-making process is all too often placed in the hands of the few rather than in the hands of the many. Recently, I read that BOSAGORA has enlisted the help of the decision-making platform VOTERA to give their project the tools they need to create a truly democratic blockchain. How decisions are made on the BOSAGORA blockchain and how they are funded? Is the participant’s right to privacy respected in the voting process and beyond that? How the community can solve the problem of members who are disingenuous and malicious, to punish and prevent such behavior? What are the other values of your system’s functionality and efficiency?
In one of Bosagora article you talk about supporting the the United Nations (UN) Sustainable Development Goals (SDG). Can you explain how T-Fi can contribute to this internationale programme and are you working or communicating with members of the United Nations regarding your project?
You mention that BOSAGORA proposes a T-Fi financial ecosystem as the first step to implement and achieve it. Can you tell me if this model that combining BOA tokens with financial services such as stocks and real estate will really achieve high and stable returns for everyone? How could BOSAGORA at once “implement it and achieve it”? Thanks
3. Your Motto is “Make a better world” through the BOSAGORA platform. Towards this vision, BOSAGORA seeks to contribute in its way, one of them being to contribute to Sustainable Development Goals (SDG), which are the goals of humanity set by the United Nations. In achieving this vision, you set “Transparency, Fairness, and Publicness” as your core values and you proposed a T-Fi (True Finance) financial ecosystem as the first step towards implementing and achieving this. Can you relate us a bit about this next-generation financial business model? As we know the digital finance has a huge potential, but, however, has its limitations, WHAT are your innovations in this area of digital finance? Can you show us the T-Fi Structure? And how we can participate in it? Who are your partners in developing such a great idea?
According to the White Paper, staking more than 40,000 BOAs and running nodes on BOSAGORA will result in a return that is expected to be over 37% just in the first year. What is the minimum percentage that a user can recieve in return for staking and running nodes?
So I read you just launching T-Fi (also known as “True Finance), it said T-Fi is BOSAGORA’s unique definition and an alternative to DeFi. But can you give us more detail what is the use T-Fi in BOSAGORA ecosystem? What will user will gain from this T-Fi?
T-Fi, the next-generation economic business model that combines blockchain and the traditional economy, first round of recruitment was ended in only 47 seconds last February 22. What will be the next step after the recruitment stage? And when will be the second stage of rectuitment possibly be open? Any tentative date?
Tell us please, was the decision to combine decentralized finance with True Finance the result of a partnership with the Blockchain Research Institute (BRI), an organization within the Tapscott group? Or is True Finance solely a development of Bosagoras?
i really like saltswap parntership with beefy finance thats why i am here, the new oceans idea is cool and i like the boost your doing on beefy . when is the roadmap update guys?
You have started the year well, really bullish. listing on KuCoin, launching a product whose 1st round subscription ended in a matter of hours. Is there any other news in the pipeline, e.g. is your Coin net development possibly to be redeveloped into an interoperable network (cross-chain)? Maybe the launch of other financial products that will connect NFT and the real world? It would be very convenient to be able to buy real estate on the other side of the world just by buying NFT, while knowing that all the legal details and reality of the real estate itself have been verified by affiliated companies.
BOSAGORA helps users building ideas even if they don’t know much about blockchain technology. What knowledge do we have to have to get into BOSAGORA, and be able to use the platform properly and efficiently?
Why is the algorithm of Bosagora on the Stellar’s Consensus protocol? What are the features of Stellar that are part of the project ecosystem and help it achieve its goals as platform?
What is the difference between the Trust contracts implemented in Bosagora and regular smart contracts? What are the benefits and use cases of each?
According to the design and functions of Bosagora, If a node operator forges the blockchain, the tokens that were frozen at that specific time go back to the common Budget, my quuestion is, what is the utility of those tokens?cdid I understand correctly the functionability?
Would you explain why in the platform it is not needed to validate the data of each node, but only the result of the voting process?
BOSAGORA is implementing a democratic model of governance, what in this model guarantees the democracy on the decision making to investment, who can participate in the governance?
I read BOSAGORA using the modified Federal Byzantine Agreement(mFBA). How does mFBA system work and what is the main advantage by using this consensus than other like Byzantine or POW(proof of work) ?
BOSAGORA have a tool name Votera and it will incorporate to Coin net for true democratic decision-making process. Could you explain what is your mean with “true democratic decision making process”? And what the result from Votera that we will get?
According to CoinGecko, the price of BAO has dropped 7.4% in the last 24 hours. What is the biggest drop in the BAO price do you remember, what was the reason, how did you deal with this situation and what experience did you gain?
On your Twitter I read that you are doing airdrop event on Gleam.io T-Fi, can you explain how we possible to participate and what are the requirement? Did you have other event for your community?
Good
Why choose Bosagora when there are thousands of blockchains, show me some qualities that the project identifies especially?
When you talk about transparency in your blockchain, how do you show it? some use cases that I can share with the community?