Month: February 2021

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 Valhalla and our guest was @Candie Mann and @RobinHODL . The AMA took place on 23 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 Valhalla! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club:
Good evening, dear community!
Hello, @Crypt0Candie @RobinHODL!

Candie Mann:
Hello Gold Rocket. Good evening gentle people of the Satoshi Club.

RobinHODL:
Hi! Happy to be here 🙂

Mary | Satoshi Club:
So, guys, please, introduce yourself and tell us more about Valhalla 😀

Candie Mann:
We are anonymous members of the project Valhalla.
We have contacts in this industry for a long time and have been working in this space to have seen a lot of things.
Our being anonymous is to add to the fact that we are here to support other anonymous creators.
(And no we’ll never doxx ourselves).

Now, coming to Valhalla. This year was an amazing start to the bull market with BTC breaking ATH. But the most interesting observation was the resurgence of meme coins. With all the GME fiasco, we’ve seen GME/AMC pegged rebase coins and Doge clones, and cat coin, pug coin, bulldog token and what not.

Quite surprisingly people rushed to buy all these coins.
Unsurprisingly however half of them took the investor funds and went off-grid, the other half dumped their “team tokens” and the remaining locked half of the liquidity on unicrypt and rugged the other half.

So we’ve observed an opening in the market and the necessity for a platform for people to speculate on their intently desirable meme tokens (among other things).

RobinHODL:
My name is RobinHODL. I’m a cryptocurrency and all-around art enthusiast. Including the art of memes. Hence why this project and all it stands for is the perfect combination of our skill set as well as our passions. Working closely with Candie Mann, as he’s said. Being here so long, we have spotted the areas in crypto that worked well and the areas that needed fixing. With Valhalla, we aim to bring out the best of not only our talents but out of all the greatest that Defi has to offer.

Candie Mann:
Sure the volume on meme tokens is far greater than on utility ones.

Gold Rocket | Satoshi Club:
Which path did Valhalla take?

Mary | Satoshi Club:
Also, do you understand that most of the projects that took people’s funds had anonymous teams? Don’t you think that by staying anonymous you probably won’t have 100% community trust?

Candie Mann:
Valhalla was a completely fair and stealth launch with incentivized farming to secure the liquidity from and for investors.
We had no presale, we didn’t do any marketing. Our project was discovered by 80 people even before we launched, using token launch scanners and uniswap liquidity scanners. We were listed on hotnewcrypto on the 2nd day of our launch and we secured 2.6 million in liquidity within 6 days of launch. That was when we hadn’t even started spending on marketing.

RobinHODL:
We have not taken the easiest path to get here, by any means. We have decided to go with an anonymous & stealthy launch, like Bitcoin.

Candie Mann:
Well, that’s a concern, so we have taken all the time to explain to the community how every bit of our contract works, and they have no necessity to trust us. They just have to trust the viability of the ethereum network.

RobinHODL:
The coding, being open-sourced, means anyone can confirm the legitimacy of the code for themselves.

Mary | Satoshi Club:
Good start, btw. So, you self-funded project?
Do you plan some audits?

Candie Mann:
Interestingly we have a really educated community at Valhalla. The queries and discussions there are not the usual meme coin chat.

RobinHODL:
We currently are in the process of having an audit done by #WARONRUGS.

Candie Mann:
Since the Val contract is just a farming contract comprised of OpenZeppelin sources of ERC-20 and Uniswap library sources of the factory, we didn’t find the necessity. But for the sake of the community’s trust, we decided to do it anyway.

Gold Rocket | Satoshi Club:
Well, your intro was great! ready to jump into community questions?

RobinHODL:
Let’s do this!

Gold Rocket | Satoshi Club:
Q1 from Telegram User @JesusFre1tes
We know that “Valhalla” comes from long-standing Norse beliefs. Why have you been inspired by this Norse and Viking heaven to name your project with the same name? What are the aspects of the project that have similarities with the Valhalla of the God Thor? Could you tell us more about this?

RobinHODL:
We love the old Norse tales of the gods. We see ourselves as humble, strong folk like the Vikings who believed in them were. They were seeking riches and glorious lands and they would fight with the greatest passion. All on the path to Valhalla (heaven) Or: A common goal.

We try to encapsulate the spirit of the Viking in everything we do. Hence: Valhalla.

Candie Mann:
It was more of a friendly gag. We have this “To Valhalla” thing among us, instead of “To the moon”. So, Valhalla was essentially created as much for the safety of our friends as for the rest of the community. But I’m sure Robin will explain the meme aspect of it even better.

Mary | Satoshi Club:
What do you like more riches or glory?😉

Candie Mann:
If given the choice glory over riches any day.

RobinHODL:
Thankfully, VALHALLA intends to be the perfect combination of both 😉

Gold Rocket | Satoshi Club:
Thank you very much for the answer! ready for the next question?

RobinHODL:
Glad you appreciate 😊 We try to be as artistic as we can where we can. We like adding layers to everything and having a unique flair in the way we do things.

Candie Mann:
Let’s proceed to the next one then.

Gold Rocket | Satoshi Club:
Q2 from Telegram user @Xusuo
Valhalla will have “Initial distribution offerings” (IDO’s) and distributed among 5 different levels of allocation, for the 2 participation methods available. Can you pls give the reason why you make this system? Is this like a rank system?

Candie Mann:
This system has been designed to introduce fairness to distribution.
Instead of opening up the offerings for those with the highest gas offerings or the fastest bots, it is better to provide predefined allocations for the participants of VAL according to their holding/farming.
This incentivizes long-time VAL holders and eliminates speculators.
Yes, this is like a rank system followed in the lines of the already establishing DuckDAO incubator.

RobinHODL:
We go into further details about how the IDO tier structure is laid out on our medium: guidehalla.medium.com
Basically, we want to reward our greatest representatives and backers the most.

Candie Mann:
As a matter of fact, we have promised our EOY goal to get a tweet from Elon himself.
After his tweets have been raging fire in the market.
Meme coins pump because of Elon tweets and… well mostly just Elon tweets. 😂

RobinHODL:
He has definitely expressed his love for meme coins, and we love some of the things he has been able to accomplish, especially for the recognition of crypto as a whole. We hope to get his support for VALHALLA by EOY with the help of our Viking community.

Candie Mann:
Valhalla has introduced an innovative one-click farming mechanism to prevent users from the additional hassle of going through all the trouble of adding liquidity themselves and staking the lp tokens. It saves them a lot of gas too.
You can farm VAL right here at farmhalla.valdao.org.

RobinHODL:
It’s really a 1-step process if your wallet is already connected. Awesome work by Candie Mann.

Mary | Satoshi Club:
Got it! Thank you! You will audit your platform also, right? And what is the current APY, btw?😉

Candie Mann:
There’s not really much to audit there.
But sure Oasis platform will be fully audited.
With the high gas, we haven’t had many farmers or buyers.
But with an increase in the price of VAL, the APY increases as well.

Mary | Satoshi Club:
Thank you for your answers, guys! Ready to proceed?

Candie Mann:
Yes. Let’s proceed.

Gold Rocket | Satoshi Club:
Q3 from Telegram user @Rosane1a8
Valhalla has 3 different components, Valhalla Farm, LSD and Oasis. If I want to use it for my token, can I use the features of the 3 components at the same time? Why do they have to exist separately?

Candie Mann:
They are separate because there are independent products existing exclusively but work in synergy to improve the performance of the ecosystem.

And sure you can use the features of the 3 components at the same time.
You hold VAL for our exclusive IDOs.
LSD is a rebase coin pegged to VAL. Hence with an increase in the price of VAL, so does LSD.
Also, on the other hand, an increase in demand for LSD increases the supply of LSD.
LSD is the utility token of the Oasis platform and required for the LSD paired token launches.

RobinHODL:
Each component underneath the Valhalla ecosystem is its own unique product. We’ve found a way to synergize these platforms to help support and boost themselves while working off of each other.

Candie Mann:
VAL is the native token of the ecosystem and is required to participate in our exclusive IDOs.
VAL has a total supply of 8888, and subject to change according to user demand.

Mary | Satoshi Club:
So, the LSD token is also tradable on Uniswap, I guess?

Candie Mann:
LSD is a rebase token pegged to VAL.
Usually in rebase tokens pegged to other altcoins, the demand in the rebase token is not reflected in the pegged asset.
But with LSD being pegged to an asset of a similar market cap existing in the same ecosystem, with an increase in demand for the ecosystem, all of them increase in price.
LSD utilizes the business model of offering exclusive pair listing for other tokens to launch, thus securing them liquidity incentives with increased lsd in the pool with the gradual increase in demand for LSD over time.

RobinHODL:
$LSD is yet to be released.

Candie Mann:
LSD will be launched at a later date and the sale of LSD will be conducted in VAL initially and an ETH pool later. So VAL holders are provided easy access to LSD.

And finally coming to Oasis.
Oasis combines the services of Bounce, Unicrypt, and Teamlock into one, so that at the time of a token sale the investors know exactly what proportion of their investment is going where.
With Bounce sales, even though Unicrypt and Teamlock exist, users are left at the mercy of the team to use the services and not exit with their funds midway.

Mary | Satoshi Club:
You will have a sale for LSD, right?

Candie Mann:
Sure!
It is scheduled for April 1st, subject to change with market sentiment and price action.

Mary | Satoshi Club:
When you plan Oasis to go live?

Candie Mann:
In the same week as the LSD launch.

RobinHODL:
Basically, we’re combining all the presale platforms into one + making it better.

Mary | Satoshi Club, [23.02.21 19:26]
Ready to go to the next question?😉

Candie Mann:
Let’s proceed to the next one then!

Gold Rocket | Satoshi Club:
Q4 from Telegram user @kherrera22
Regarding “VALHALLA DAO”, it is known that currently the ETH network, is going through obstacles such as high gas and transaction delay, so what strategy are you employing so that these obstacles do not interfere with your ecosystem and the quality of your services? And is it in your plans to expand your services so that in the short or long term, your ecosystem will serve as an incubator for the safe launch of TRX tokens?

Candie Mann:
Well, we haven’t looked into TRX yet. But we have multi-chain launches in our plan. Does TRX have Chainlink integration?

RobinHODL:
Before the gas got really bad, the farming contract was built to be as streamlined and cheap as could be possible, relatively.

Mary | Satoshi Club:
A lot of projects also are moving to BSC? Didn’t you think to launch there?

Candie Mann:
Well, we have scheduled launches on BSC and HECO chains and MATIC and xDAI side-chains.
I am working with another dev team on a side project to create the first trustless universal multi-chain bridge targeted at all ERC-20 compatible tokens.
That will take some time, however, but once the bridge is launched we will integrate VAL on all the platforms into the bridge to work seamlessly across all of them.

Mary | Satoshi Club:
Ready to proceed, guys?

RobinHODL:
Ready!

Candie Mann:
Initially, the BSC launch wasn’t planned until mid-march, but looking at current gas prices, we are looking at migrating to bsc as soon as possible.
We’ll inform our community if/when we do it and will make the transition as smooth as possible.

Gold Rocket | Satoshi Club:
Q5 from Telegram user @Antoni_azx
Valhalla is offering 2 participation methods:
-Diamond Handed Holder and
-Gem Farmer
Which one is better if I want to make an investment in a short time? Also, Is it needed an identity to access these methods, or people can participate in anonymity?

Candie Mann:
Well, Gem farmer is the better choice right now considering the high APYs. And by farming, you get access to both the methods, as you hold your farming rewards and not dump them immediately.
And as for participation, it is anonymous and open to all.
There are no KYC requirements whatsoever.
One of our reasons for remaining anonymous was also to avoid token sale regulations across certain countries.
That way we can make our platform as trustless as possible.

RobinHODL:
We encourage people to become Gem Farmers, that way they can also automatically become a Diamond handed holder through the passive $VAL earnings on their $ETH deposit

Mary | Satoshi Club:
Btw, how many Gem Farmers you have currently?

Candie Mann:
Farmers don’t even have to claim their rewards and go through the gas.
When taking the allocation snapshot, we’ll look into their rewards for them.
That’s a hard guess to make. We don’t have an account of the number of farmers, but considering the liquidity, we definitely have 400 farmers at the bare minimum.

RobinHODL:
We tried to think of everyone who would be potentially participating in every step of our processes

Mary | Satoshi Club:
Everything is clear for me 😃 ready for the 6th and last question from this part?

RobinHODL:
Ready!

Gold Rocket | Satoshi Club:
Q6 from Telegram user @AugusS7
In your blog of Medium, they mention that the most promising projects for 2021 have been those that use memes, but really what relationship do memes have with the Valhalla incubator? Does your project plan to eliminate memes on the blockchain? or will they adapt to them?

RobinHODL:
We plan to be a launchpad (or Kickstarter) for all kinds of projects anon or otherwise, meme or otherwise. We love meme coins and the meme culture within. We’re definitely here to adapt, improvise, and overcome.

Candie Mann:
I’ll use an analogy of our users incited in the community.
We are in the middle of a crypto gold rush. And Valhalla is like a pickaxe. You won’t find gold in every hole you dig, but to dig those holes, you’ll need the pickaxe. Hence Valhalla lies above them all.

RobinHODL:
Valhalla is the pickaxe in the Goldrush.

Mary | Satoshi Club:
Maybe some preferences for meme coins?😉

Candie Mann:
Not right now.
Our first launch on oasis will be one of them.
We’d rather show it than say it.

Mary | Satoshi Club:
Are you already looking for the first projects for your launchpad?

Candie Mann:
We already have 3 projects lined up for IDOs.
Surprisingly they reached out to us.
We are amazed by the community support and will continue building.

Gold Rocket | Satoshi Club:
Thank you very much for your answers and great mood! Ready for a storm of community questions?😉

Candie Mann:
Let’s open the floodgates to Valhalla.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Cengizhan Tekin

✅ Valhalla has 2 tokens: VAL the governance token and LSD the currency token. I read that LSD is an elastic supply that will be pegged to one-hundredth of the price of VAL. Then why did you create this second token instead of using just a unit like a satoshi or gwei? VAL cent maybe…

Candie Mann:
Great question.
But LSD and VAL are separate tokens with separate utilities.
The one-hundredth association is just a mere coincidence to maintain a healthy ratio with the price of VAL.
It could also be one-thousandth.

Q2 from Telegram user @ Angelo Salas

In ancient times, the Vikings were known for tenaciously expanding their domains, many of which were won after long wars with other European peoples. Taking into account the inspiration Valhalla takes from these ancient warrior people, do you think you will be able to dominate not only the European cryptocurrency market but also other markets such as Asia and North America, just as the Vikings dominated other lands hundreds of years ago?

RobinHODL:
We believe that our Vikings are a special breed, and can be found all over the globe. We’re here to fight together as the everyday person. And that message resounds far and wide. With your help, we’ll see the great dominance of Valhalla worldwide. Like the great warriors of old.

Q3 from Telegram user @ tehMoonHunter

Sir @RobinHODL How is the support that Interop offers to the Token that it has in its list to give the price in real-time without modifications, do you use an oracle for the data $ VAL $ LSD $ TRIP $ TROP?

Candie Mann:
We use the uniswap oracle for the token price of VAL and LSD.
And TROP is just our official NFT partner.
We are not responsible for the development of Interop.

Q4 from Telegram user @ Gutierrez04

You mention that the rewards of cultivation in FARMHALLA will be cut in half every 8 days, if so, how long will that cultivation last? I understand they do it for the limited amount of VAL, but wouldn’t reduce it that much be unattractive?

Candie Mann:
Reducing the emission will increase the rarity, and hence the price and consequently the will to farm.

Q5 from Telegram user @ Ramon Pila

Lately, many projects are being developed on the ERC20 platform, however, nobody wants to assume the high costs of gas, so what mechanism do they have in order to avoid these high rates?

Candie Mann:
The VAL farming contract has been optimized to use the lowest amount of gas possible.
Also, we are looking into future cross-chain integrations.

Q6 from Telegram user @ Cesar Sanchez

I read in your mediums the different characters that are obtained with each level of gem farmers, for this creative idea do you plan to integrate more famous characters that attract more to the community lovers of Vikings such as Ragnar?

RobinHODL:
We have spoken to another actor from Vikings. Ragnar is hard to get a hold of these days as you’d imagine… But we have plenty more celebrity shoutouts in store. If you didn’t already know about the ones we’ve had. Check out the pinned posts in @chillhalla.

Q7 from Telegram user @ Ariana

Valhalla wants to create a paradise “the safe-haven investors need” to speculate on Meme coins and anything they want to invest, how are you backing up your investors to have all the fun in cryptos and don’t lose anything?

Candie Mann:
Ah, Ari! You’re here too!!
A thoughtful question again.
The Oasis platform locks up the amount of liquidity raised automatically along with the team tokens vested as soon as the sale finishes without the team having to intervene to do so manually.
That way the risks associated with investing in anonymous projects are mitigated.

Q8 from Telegram user @ Impostor

May I know what is the requirement to create a sale on the oasis and How about if users want to create content on your platform? Do all people from around the world possible to join, is it need KYC?

Candie Mann:
Anybody can create a sale on Oasis.
There are no KYC requirements whatsoever.
As content creators, we have a pretty active community who create lots of memes, digital at and even rap songs.
If you want to create content on behalf of our community, you are welcome to do so.

Q9 from Telegram user @ CryptoFinally

Is this project built like opensource and can anyone fork from your project?

Candie Mann:
Hey Cindy, how you been? Anon smirk
Well, you can fork Val at your convenience, as all the contract sources are complete.
(But we’d want you not to do so. If you have a suggestion for improvement, you could as well reach out to us and we’ll integrate it.)

Q10 from Telegram user @ Joxes | C R Y P T O W A V E

Your incubator project is focused on ERC-20 tokens, however, there is also a growing interest in Non-Fungible Tokens (NFTs), do you have plans to incorporate this technology into the project?

Candie Mann:
Precisely yes.
We have our exclusive NFT partner Interop.
And in the future, we are going to incubate one of our own amazing NFT projects in Valhalla.
We love NFTs at Valhalla.

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/
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Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/

Our partners:

✨HELPFUL LINKS✨

🪓 Ecosystem home: valdao.org

🪓 1-click $ETH farming for $VAL: farmhalla.valdao.org

🪓 Buy Valhalla $VAL at: https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0xddd2ec6bd01506a8510aba02393fb058d9f6ce89

🪓 Dextools price action:
https://www.dextools.io/app/uniswap/pair-explorer/0x2b8d45301102ded092be78e883dcb5d7f8733ff0

🎊GIVEAWAY INFO🎊
https://twitter.com/ValhallaDAO/status/1360378408941846530?s=19

🪓 Medium: guidehalla.medium.com

🪓 Twitter: twitter.com/ValhallaDAO

🪓 Telegram: t.me/chillhalla

🪓 UniSwap pair info:
https://info.uniswap.org/pair/0x2B8d45301102dED092Be78e883dCb5D7F8733Ff0

🪓 Etherscan info: https://etherscan.io/address/0xddd2ec6bd01506a8510aba02393fb058d9f6ce89

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 Casino Betting Coin and our guest was Ed Brennan CBC – President of Casino Betting Coin. The AMA took place on 25 February.

The total reward pool was 3000$ 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

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

D. | Satoshi Club:
Hello Satoshi Club! 👋

Mary | Satoshi Club:
@EBrennanCBC welcome here 😀

D. | Satoshi Club:
@EBrennanCBC welcome to Satoshi Club! good to have you here!

Ed Brennan CBC:
Hi everyone,
I’m glad to be here. Thanks for the warm welcome.

Mary | Satoshi Club:
Let’s start our journey with Casino Betting Coin 🔥🚀

Mary | Satoshi Club:
Ed, could you please introduce yourself and tell us more about Casino Betting Coin!

Ed Brennan CBC:
Hello again,

I’m Ed Brennan, President of Casino Betting Coin. I have over 25+ years combined experience spanning Internet, Software, Hardware, and Financial Services industries, supporting all operational functions at Fortune 500 companies including Merrill Lynch, Seagate, Adobe, Microsoft, and NexTag.

Mary | Satoshi Club:
Incredible experience 👍

Ed Brennan CBC:
Thank you, Mary.

Mary | Satoshi Club:
And what about Casino Betting Coin? Could you tell us how it started? And about its main concept 😀

Ed Brennan CBC:
Sure, I’d love to.

Ed Brennan CBC:
Casino Betting Coin (https://casinobettingcoin.com/) (CBC) is a crypto acquisition by Greentube (https://www.greentube.com/greentube-acquires-majority-outstanding-cashbet-coin/), the interactive division of Novomatic.

Novomatic (https://en.wikipedia.org/wiki/Novomatic) is one of the largest gaming technology companies in the world with more than 22,000 employees worldwide and a turnover of around 2.6 billion EUR in 2019.

To learn more about Novomatic and how mind-blowingly big it is, please visit: https://www.novomatic.com/en/explore-novomatic/about-novomatic

Mary | Satoshi Club:
It’s really huge 🚀

Ed Brennan CBC:
This is an industry GIANT going into crypto.

CBC represents industry adoption of crypto.

Very few crypto projects, even those in the Top 50, can claim to be backed by a multi-billion dollar enterprise that is among the leaders in its industry.

D. | Satoshi Club:
Yeah, i have heard about Novomatic, I paid for slots games online, a couple of times 😄

Ed Brennan CBC:
Fantastic!

CBC is already being used at GameTwist, a leading social casino with over a million monthly active users. Beyond this, we are in discussions with a number of other casinos and platforms to integrate CBC. Keep posted for the latest.

Feel free to try playing a bit on GameTwist.com for free!

Mary | Satoshi Club:
I will try after AMA😂

Mary | Satoshi Club:
Actually, I am no so lucky in gambling, but for free I can try my luck one more time 😉

D. | Satoshi Club:
Thank you for the awesome intro @EBrennanCBC! are you ready to start the first part of our AMA?

Ed Brennan CBC:
When you do, you can also check out how CBC can be purchased directly in the casino too 😉👍

Yes, I’m very excited to proceed.

Mary | Satoshi Club:
Sure, in trading and holding I have more luck👍 your users have choice 😉

Q1 from Telegram user @KevSalom
Casino Betting Coin is quite an interesting project, and best of all, unlike many new DeFi projects, it really has quite a market. So, tell us about your expansion plans? What gaming companies are you planning to partner with? Tell us how the recent incorporation of CBC into GameTwist has influenced you. What other platforms are currently in the pipeline to incorporate CBC?

Ed Brennan CBC:
It’s true that one of the great things about casino tokens is that they have direct utility for use by a ready market.

After all, mankind has been known to engage in betting since the dawn of history.

Casino tokens having a ready market is especially true for Casino Betting Coin that is supported by one of the biggest companies in the industry, with all the casinos and platforms in its ecosystem.

There will be no lack of users.

Integration into the Novomatic ecosystem, starting with GameTwist.com, has been a game-changer for us.

We are now being approached by other casinos very keen to integrate CBC. We are picking the best options and moving forward.

We are also in discussions with another top-tier exchange regarding a listing and a potential investment in CBC.

We are building momentum, and truly believe CBC has a greater potential upside than Bitcoin right now.

Mary | Satoshi Club:
Wow!

As you are integrating with casinos which requirements for this they have? Do your users have to pass KYC for example?

Ed Brennan CBC:
CBC is open for everyone to hold and use subject only to the requirements or restrictions of each casino, which may differ by jurisdiction.

Mary | Satoshi Club:
That’s even greater! Everyone is welcomed 😀

Thank you for your answers! Everything is clear to me! Ready to proceed?

Ed Brennan CBC:
Yes, happy to proceed.

D. | Satoshi Club:
Let’s do this! 🚀

Q2 from Telegram user @JesusFre1tes
One million new users can now enjoy casino currency betting at Top Social Casino. What are the bonuses given to users who choose to shop with CBC? With MoonPay’s fiat to crypto on-ramp, even cryptocurrency newbies can enjoy the CBC bonus with a bank card? Which cards will initially be able to support CBC?

Ed Brennan CBC:
Yes, with MoonPay, players don’t need to know about crypto to buy CBC on GameTwist.com with any MasterCard or VISA bank card, or via bank transfer, and receive playing chips (on GameTwist, these are game credits called Twists).

People can now “use blockchain without knowing that they’re using blockchain” like this, which marks how mature the technology has become.

For those who do know crypto and hold CBC purchased from exchanges, an option is also available to send CBC manually for playing chips (i.e. Twists).

Buying CBC on GameTwist—either through a bank card gives players a 750% bonus to their received Twists. Check it out by going to GameTwist.com, logging in/registering an account, and going to Shop.

Mary | Satoshi Club:
Can we withdraw CBC from Game Twist?

Or we get just Twists there?

Ed Brennan CBC:
CBC is bought to play games on GameTwist, but you can’t withdraw. It’s a social casino focused on providing entertainment.

You’ll still need to pay to continue playing, for example how you would pay to play a non-casino game online. Except here, of course, we’re talking about games that you’ll find at a casino.

It’s not for hardcore gamblers, but there are also lots of people who enjoy just playing, and are paying for that entertainment. GameTwist has millions of active users.

CBC will also be integrated into more casinos of different kinds.

Mary | Satoshi Club:
Got it! But you really have great insensitive to use CBC👍

Ed Brennan CBC:
Indeed, buying CBC on GameTwist gives gamers a 750% bonus in playing chips, i.e. Twists, received.

Mary | Satoshi Club:
Btw, I already collected my bonus😉

We Will continue after AMA😉

Mary | Satoshi Club:
Fantastic 🔥

Ed, ready for the next question or you want to add something?😀

Ed Brennan CBC:
GameTwist is fun and everyone should try to at least check it out and play a few games. Of course, if you want to continue playing, you might want to purchase some CBC to use there.

Ready!

Q3 from Telegram user @ovkneze_big
One of the coins which I was holding also was affected by KuCoin hack. And I know how hard is to normalize the situation if a project rejected to do swap. Could you tell us why did you reject the idea of swap? What percentage of coins is still locked on KuCoin? As I see they’re practically locked because of the current withdrawal fee and withdrawal limit. Do you have plans to delist from KuCoin and what is your vision of this situation solution?

Ed Brennan CBC:
Others have also asked a similar question—why not mint new tokens to replace those locked or lost on KuCoin? This is not possible since CBC is a truly decentralized cryptocurrency, with no unli-mint function in the token smart contract. No new tokens can just be created.

As for doing a token swap, that’s also impossible because of several reasons. I’ll just talk about the biggest ones. A swap can only go ahead with the cooperation of many parties and will affect many stakeholders. This will be troublesome to:

1.) To the token holders and users:
CBC is a utility token and is already live at a social casino with millions of users. Imagine holding it for use at a social casino, and then finding out you can’t, because you need to first do a token swap that would cost you gas, all this because of something unrelated to you having acquired the token for actual use.

2.) To other exchanges where CBC is also listed:
They would not want to go along with a swap just because another exchange got hacked. If this were to be the practice, then tokens will need to swap for every hack, and every exchange would need to work on supporting all these swaps. That would be a very bad practice and is also not the current practice. Users of DEXes would be unduly affected too with permissionless listings and liquidity allowing them to buy the old tokens even with a swap underway.

3.) To the casinos and other platforms and services we are integrated into:
A swap would pervasively affect CBC integrations with, not just casinos, but payment providers, etc.

4.) To Greentube Novomatic, which is an established corporate entity operating mostly outside of crypto and that needs to follow corporate laws, rules, and regulations in different jurisdictions.This is a big company that can’t just swap a significant balance sheet asset for another. Imagine if it’s any other asset—let us say, gold. Greentube can’t just switch assets because of an issue with the gold depository, for example. The depository is responsible for resolving its own issues. That’s how it is professionally done in the real world, and CBC is a real world asset with real world active utility.

Just to name some.

Kucoin has acknowledged responsibility for the hack and the losses incurred because of it. We are waiting for Kucoin to finish resolving this like it has done, and rightfully so, for other tokens.

For more context, please refer to our statement on the KuCoin hack: https://casinobettingcoin.com/a-statement-from-casino-betting-coin-on-the-kucoin-hack/

Mary | Satoshi Club:
Thank you! Definitely, there is a lot of sense in your words and i know that a lot of projects have the same position.

Do you know how many tokens now are locked on KuCoin?

I mean CBC tokens?

D. | Satoshi Club:
We hope you will solve the issue with Kucoin as soon as possible, it’s really unpleasant situation, which affects a lot of people. and yes, many other projects are still suffering from that hack as well

Ed Brennan CBC:
Around 7M, if I’m not mistaken.

We also do hope that it gets resolved soon as well.

D. | Satoshi Club:
Thank you for the great answer! ready for the next question?

Ed Brennan CBC:
Sure.

Q4 from Telegram user @Highpee
Initially, you were known as CashBet Coin but later changed the name from CashBet Coin to Casino Betting Coin after being acquired by Greentube NOVOMATIC, one of the world’s largest gaming companies. Is this acquisition a complete takeover of the CashBet Coin or it is only a mutual partnership that is designed to promote business benefits between the two companies? How has this event helped to revolutionize the gaming scope of Casino Betting Coin? What market attractions have this brought to your platform and how has it increased the utility of $CBC as well as increase its usage or exposure?

Ed Brennan CBC:
Greentube Novomatic’s acquisition of CBC birthed Casino Betting Coin, which is a different brand and project from before the acquisition. The token remains the same and there has been no token swap (to, for example, maybe signify that it’s a different brand and projects) because Greentube respects the sanctity of decentralization so central to crypto.

Casino Betting Coin represents industry adoption of crypto.

From the time of the acquisition, Greentube has been busy integrating CBC into casinos and platforms in the Novomatic ecosystem, starting with GameTwist.com where CBC is already live for its millions of active users.

CBC will also be integrated into other casinos in the future, both from within the Novomatic ecosystem as well as others outside of that ecosystem.

CBC, as an open crypto utility token, allows for widespread use across different platforms and ecosystems.

Mary | Satoshi Club:
How many new users did you get recently? Or, let’s say, did CBC holder’s number increased after these changes?

Ed Brennan CBC:
We can’t share commercially sensitive data from GameTwist, but let’s just say we have enjoyed a large increase in interest and users for CBC. GameTwist attracts over one million active users per month, which gives you an idea of the scale.

Mary | Satoshi Club:
Understand you😉 thank you for your answers!

Sure you attract more and more every day🔥

Ready to jump to the next question?

Ed Brennan CBC:
Let’s do it 👍

Q5 from Telegram user @lzamg
I read that users can qualify for “redemption benefits” if they meet certain requirements and the gaming operator offer these benefits. Can you explain more specifically what are the redemption benefits and what do they entail? Are these benefits some kind of advantages for selected players? And what would be the requirements to be able to get redemption benefits?

Ed Brennan CBC:
We are building out a couple of fantastic loyalty programs with casino operators which will return considerable benefits to those who hold CBC. For now, those who choose to make purchases with CBC at GameTwist.com can qualify for bonuses of up to 750%.

Beyond that, we can’t yet give you the details of future loyalty programs and reward schemes, but we are working hard to ensure CBC users receive the very best bonuses.

Mary | Satoshi Club:
Where we can read more about this program? Do you have some articles about it?

D. | Satoshi Club:
Btw I want to ask, can people able to buy CBC on GameTwist.com via bank card from any country? or there are some restrictions? like, some countries can’t do that?

Ed Brennan CBC:
There are some restrictions imposed by our fiat on-ramp in adherence to internationally accepted legal standards, but most of the world qualifies.

For details on the Gametwist promotion, please visit: https://www.gametwist.com/en/promotions/16/

We will be sharing details on future promotions in due course.

D. | Satoshi Club:
👍

Mary | Satoshi Club:
Thanks! A lot of info👏

Can we go to the 6th and last question from part 1?😀

Ed Brennan CBC:
Sure, just sharing our Telegram group link here again for people to join and check us out: https://t.me/casinobettingcoin

Mary | Satoshi Club:
Satoshiclubbers, join here🔥🔥🔥

Q6 from Telegram user @garrinepotter
Most crypto projects publish a roadmap to identify priority development goals. I did not find your roadmap, so I want to ask if everything turned out as planned at the start of the project and what will happen next?

Ed Brennan CBC:
CBC is all about real adoption and being integrated into more and more casinos for use by more and more players. The utility is very direct and development is geared only onto that one focus. There is no building out experimental technology for untested use cases.

Having said that, our 3 priorities for 2021 are the following:

1. Proliferation of the use of CBC through the Novomatic ecosystem and beyond
2. Layer 2 solutions to improve gas fees and speed
3. Active thought leadership and awareness of our unique position within crypto & gaming

Mary | Satoshi Club:
Nice priorities! Do you already know which Layer 2 solution will use? We like secrets here, in Satoshi Club 😉

Ed Brennan CBC:
We are looking at several scalability solutions and are keeping an eye out for options.

Mary | Satoshi Club:
Gotcha 😉 but please, when you will have news, don’t forget to share it with us!

And gates will be open soon😀

Ed Brennan CBC:
We will. Thank you, Mary.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @cengizhantekin
Do you plan to collaborate with gaming platforms other than GameTwist?

Ed Brennan CBC:
Absolutely. We are in advanced discussions with a number of other casinos to integrate CBC. Gametwist.com is just the start!

Q2 from Telegram user @feranno
Is the $ CBC supply limited? Do you have a mechanism that ensures inflation does not occur?

Ed Brennan CBC:
There are approximately 150M issued tokens (circulating) of a total of about 400M. The total is a hard cap and included as part of the token’s smart contract design.

Q3 from Telegram user @tuvalunia
How can I buy CBC token?

Ed Brennan CBC:

We are always looking to improve access and add more trading platforms. Currently, you can find CBC on:

Uniswap
https://info.uniswap.org/token/0x26db5439f651caf491a87d48799da81f191bdb6b,

Bittrex
USDT: https://bittrex.com/Market/Index?MarketName=USDT-CBC
BTC: https://global.bittrex.com/Market/Index?MarketName=BTC-CBC
ETH: https://global.bittrex.com/Market/Index?MarketName=ETH-CBC

HitBTC
USDT: https://hitbtc.com/CBC-to-USD
BTC: https://hitbtc.com/CBC-to-BTC

Q4 from Telegram user @BERTA2020
Currently, your token is on the erc20 network which has problems with gas causing high rates, so what plans do you have to solve this? Do you have plans to migrate to another Blockchain network?

Ed Brennan CBC:
Gas can be an issue at times. We are currently exploring a number of second-layer options which will increase the speed and efficiency at which we can transact CBC.

Q5 from Telegram user @Ebelto
How do you like the satoshi community so far?

Ed Brennan CBC:
I’m having a blast chatting with the Satoshi Club community. It is great to see many of you joining us over in the Casino Betting Coin channel as well. I hope many of you take a closer look at CBC after this AMA, as I truly believe this coin is one of the highest potential, low-cap gems out there.

Q6 from Telegram user @Karoceh
We know Greentube Novomatic is one of the leaders in the digital gaming industry, and with this acquisition it will expand into crypto. Will this also be followed by changes to the betting system at Greentube? We know that crypto betting now depends on blockchain technology. What significant changes are expected from this acquisition?

Ed Brennan CBC:
Greentube Novomatic is our biggest holder, and one of the biggest casino companies in the world, so we are excited to explore ways we can innovate in this sector. The gaming and gambling industry is moving quickly, and we are well placed to capitalize on this. More and more casino play is moving online, and we feel that CBC really does add something to this area.

Q7 from Telegram user @KeymerS
Could you really explain to us fully what will be the role of CBC in IGamming games? Is it the only betting currency or is it the one that will give VIP access to more games?

Ed Brennan CBC:
We see more utility for CBC as a supporting token in the gaming industry, rather than a wagering currency. We won’t rule anything out, but we can bring real value for users when holding CBC qualifies them for big bonuses. We find that people generally prefer to wager cryptocurrencies such as Bitcoin, or standard fiat currencies. We want to ensure the whole experience is boosted for CBC holders.

Q8 from Telegram user @BboyForteVZLA
What are the uses that CBC has on its platform and why would it be greater than BTC?

Ed Brennan CBC:
This question goes straight to the CBC token utility and economics, which should be explained in detail.

CBC is a crypto acquisition by Greentube Novomatic. Novomatic is one of the biggest (multi-billion dollar) casino companies in the world, so while other crypto are tokens waiting for users, that’s not a problem for CBC.

CBC is already being used on GameTwist.com (http://gametwist.com/), a leading social casino with more than a million monthly active users. It will also be integrated in more casinos in the future.

CBC tokens used in Novomatic-affiliated casinos go to Novomatic and don’t return back to the marketplace, effectively burning them. This decreases supply, while more adoption by more players in more casinos increases demand. This tokenomics is intended to increase the value of the token over time through actual utility.

As to why we think CBC is better than BTC for the casino crypto use case, I’ve written about that where I gave 15 reasons why: https://www.linkedin.com/pulse/why-cbc-better-than-bitcoin-btc-edward-w-brennan/?trackingId=0l1df4VW1daRqOZQJBOb2A%3D%3D

Q9 from Telegram user @rhedd
In a casino, the house always wins…So how can I be the house? How many CBC should I own to be a house? And how can I apply this word?
“Own a Piece of the Action”
Can you explain it a little further?

Ed Brennan CBC:
The house always wins in the long run. A quick walk down the strip in Las Vegas will show you that. By owning CBC, you get to have a stake within a project which is creating innovative new use cases across the casino industry. Holding CBC is the easiest way to become the house!

Q10 from Telegram user @nadee5
What is the minimum amount of CBC I need to purchase to play in GameTwist.?

Ed Brennan CBC:
You’ll be given some “chips” (Twists) to play for a while, and then you can buy CBC to continue playing.

To qualify for the 750% CBC bonus at GameTwist right now, you need to purchase a Twists package worth more than 24.99 euros.

Q11 from Telegram user @centoscu
How long do I have to lock my CBC tokens inside the system to get NFT or token rewards?

Ed Brennan CBC:
NFTs are a really interesting area. We think there may be some great applications of them into the gaming sector. It is certainly something on our radar.

Q12 from Telegram user @atillayeni
What are the differences from other casino projects and what new techs are you bringing to defi world?

Ed Brennan CBC:
Unlike other crypto casino coins, CBC is backed by one of the world’s leading gambling companies and is already being used at one of the world’s biggest social casinos. We also have grand plans for future expansion that will bring even more utility to the CBC token. Most other platforms are struggling to find players, but that’s not a problem for us.

We see huge potential at the intersection of casino and DeFi. Most traditional casinos do not have a foot in the crypto world. That’s what makes Greentube Novomatic such a progressive partner. This is a huge, traditional casino giant which has understood how crypto is going to revolutionize our industry. We are working alongside them to make this revolution a reality.

Q13 from Telegram user @JoanaZ
Casino betting coin platform to shine and grow, needs to obtain the attention of the users, more players means more adoption/ profits to your, so can we know what is your plan to incentivize the use of your platform?

Ed Brennan CBC:
We have been building a strong community over the past few weeks, while also expanding our marketing efforts. As we go live with additional use cases, we will tap into the marketing machines of our partners to ensure CBC is put in front of a large, global audience.

Q14 from Telegram user @chzrles
Smart contracts are known to be susceptible to errors, bugs, or hacks. So how is the CBC security system composed? In addition, has an audit report been made by sources external to your project?

Ed Brennan CBC:
Yes, multiple audits were performed, Oyente Solgraph Mythril and Mainan tests were completed. Two audits were done by an outside auditing team including two prominent blockchain developers supported by co-founders of Ethereum and ConsenSys.

Q15 from Telegram user @leixagarcia
Are CBC use cases limited to betting games only, and are they not useful in other types of games?

Ed Brennan CBC:
Although our focus is on betting and casino, we don’t limit ourselves to this. We see some interesting opportunities across related sectors. Esports is one we are looking closely at, as well as the broader gaming ecosystem.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Casino Betting Coin. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 2500$.
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:
Casino Betting Coin Telegram community:  https://t.me/casinobettingcoin

We were delighted to welcome our guest from PolkaBased. The AMA took place on February 24th 2021 and our guest was @PolkaBased.

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!

Andrés M. | Satoshi Club: Welcome to a new AMA session, today our guests are @PolkaBased @Henry2678 @MayaPolkabased. How is going your week guys? 😃

Julian | PolkaBased Official: Hello and thank you for having us. We are doing very well. Working really hard.

Andrés M. | Satoshi Club: It is an honor for us to have you here

Julian | PolkaBased Official: And how are you guys doing?

Gold Rocket | Satoshi Club:  We are doing well 😊.Excited about the upcoming AMA. To begin with, please tell us a few words about yourselves and how did you get to be involved in PolkaBased @PolkaBased

Julian | PolkaBased Official: We have been crypto enthusiasts since the beginning of 2017. We started on the user side, this is where we became inspired by various crypto projects and solutions, especially rebase protocols. We take these experiences with us and believe that PolkaBased Protocol benefits from these experiences. PolkaBased protocol aims to function as a synthetic asset which represents speculations on the Polkadot fully diluted market cap.

Gold Rocket | Satoshi Club: Well, it’s a difficult but very promising crypto segment you decided to take.🚀

Andrés M. | Satoshi Club: Presale is coming, right?

Julian | PolkaBased Official: Yes Pre-Sale is coming soon, we have some announcements coming, the Whitelist is still open.

Gold Rocket | Satoshi Club: When will this happen?

Julian | PolkaBased Official: Coming with an announcement within a couple of hours!

Andrés M. | Satoshi Club: What were the difficulties you faced in starting the project?

Julian | PolkaBased Official: We found the complexity of the PolkaBased architecture a challenge at the beginning. But we are smashing it now 💪

Andrés M. | Satoshi Club: Great work, I think you are in the right side of the market 😃

Gold Rocket | Satoshi Club: @PolkaBased Thanks for the intro! Are you ready for community questions?

Julian | PolkaBased Official: Yes bring it on!

Q1 from Telegram User @juanSB07

Why are Polkabased smart contracts based on Ethereum? What are the benefits of Ethereum-based contracts? Does this make Polkabased Proposals and Votes transparent?

Julian | PolkaBased Official: Ethereum is still the most robust and familiar ecosystem in crypto. Ethereum smart contracts are highly customizable, widely deployed and tested. All on-chain activity is transparent for everyone to see. The gas price is a temporary issue. For now we focus on delivering the PolkaBased Protocol on Ethereum. However, we are always keeping track of other blockchain developments.

Andrés M. | Satoshi Club: How do you solve that temporary issue? how you faced the high gas?

Julian | PolkaBased Official: The gas fee issue is up to Vitalik 😉. There are no gas involved in rebases to and from your wallet.

Gold Rocket | Satoshi Club: Please tell us a little about your team. How many people and what are their responsibilities? @PolkaBased

Julian | PolkaBased Official: We have a team 3 core members. I’m a Co-founder and responsible for Finance and PR. Henry is also Co-founder and is responsible for Development and Operations. Maya support is an ambassador and responsible for marketing.

Gold Rocket | Satoshi Club: Not a very big but friendly company! 😊😉

Andrés M. | Satoshi Club: Are you looking for new members?

Julian | PolkaBased Official: We are always searching for good future team members. Team expansion is on our roadmap.

Q2 from Telegram User @wormz28

Keeping digital assets secure is essential to maintain value for the community, that’s why you created Liquidity Locking to prevent rug pulling right? So may we ask what’s your liquidity locking process and how can you say and believe that this gives community members more confidence in PolkaBased Protocol? Also why you chose TrustSwap to lock liquidity and can you explain why your current minimum lockup period is 6 months?

Julian | PolkaBased Official: Liquidity will be locked directly after the IDO in a Trustswap non-custodial, time-released contract. Trustswap contracts are very secure and transparent for everyone. The 6 months minimum lockup is because of the Uniswap v3 upgrade. Once Uniswap v3 is launched, it might be a good step to migrate to Uniswap v3. Liquidity locking and transparency will give community members peace of mind and confidence.

Gold Rocket | Satoshi Club: Sounds good 😊

Julian | PolkaBased Official: Thank you.

Andrés M. | Satoshi Club: That’s true, transparency is one of the features that users are looking most, so are you preparing an audit to increase the user confidence?

Julian | PolkaBased Official: The POB token is a upgradeable erc-20 token that uses the readily available openzeppelin smart contracts. The rest of the smart contracts like the monetary police, orchestrator and Oracle will be fully audited before deployment.

Andrés M. | Satoshi Club: Thank you so much for the info, we will be waiting for more news about that topic😃

Julian | PolkaBased Official: You´re welcome.

Q3 from Telegram User @yellowchamp

PolkaBased launched an Airdrop and Referral Program but there is not much information about it in your website. So can you tell us more about the Airdrop and Referral Program in PolkaBased?Can you explain it’s reward mechanicsm and structure? How does this Airdrop and Referral Program bring impacts to PolkaBased network? Thank you

Julian | PolkaBased Official: The Airdrop and Referral Program is an incentive to build a community and spread awareness about PolkaBased Protocol. We have an Airdrop/Referral Bot in place to guide you through all the steps.

Andrés M. | Satoshi Club: Could you share with us the details about how to join?Maybe an announcement 🤔

Julian | PolkaBased Official: The Airdrop/Referral Program is already live, you can find more details in the PolkaBased telegram group or channel.

Andrés M. | Satoshi Club:  Sure, community please go to Polkabased group to know more about this airdrop https://t.me/PolkaBasedOfficial

Julian | PolkaBased Official: Thank you.

Andrés M. | Satoshi Club: Btw, could you tell us where is PolkaBased based? 😁 I mean, what country are you working from?

Julian | PolkaBased Official: Yes of course, we are located in Belgium.

Andrés M. | Satoshi Club: Great, so are you priorizing Europe as your main public?

Julian | PolkaBased Official: No, crypto currency is globally 😄

Andrés M. | Satoshi Club: Of course haha 😅

Q4 from Telegram User @Rosane1a8

Polkabased is the first protocol with a token pegged to Polkadot’s fully diluted market cap, though it is innovative in Polkadot, this design has been used already, to different market caps, with different options of rebased deflationary tokens,  what made you thinkk POB was necessary, why is Polkadot the best to thiss type of coins? Is it a better investment to buy POB than any other with similar design?

Julian | PolkaBased Official: The strength of PolkaBased lies in being pegged to Polkadot´s fully diluted market, no basket of tokens. This will give token holders the benefit of speculation on the Polkadot price while remaining in the trusted Ethereum space. We are also different in having a 3% transfer fee on the network. This will incentivize users to not sell. The transfer fees will be send to liquid program and will keep it healthy.

Gold Rocket | Satoshi Club: You have thought of everything well 👍

Julian | PolkaBased Official: Thanks 😃

Andrés M. | Satoshi Club: So interesting. Then can I get profit even if the Polkadot price goes down or only if it goes up?

Julian | PolkaBased Official: A positive rebase can take place even when the Polkadot price goes down.

Andrés M. | Satoshi Club: Thanks for the clarification

Q5 from Telegram User @rioliandaro

PolkaBased price oracle receives every 24 hours price information through the Chainlink DOT/USD price oracle. The PolkaBased marketcap oracle updates the total supply of Polkadot every 24 hours. Within 24 hours there will be a difference in the POB price. Does this reduced volatility reduce the attractiveness of traders? If I don’t show up on time due to this price difference, can I get other benefits when investing in POB?

Julian | PolkaBased Official: In the beginning, the rebase frequency will take place daily to ensure that we gradually move to a stable situation that benefits the entire ecosystem. These rebases should stimulate the market to correct the target price to its target equilibrium price. In the long term, for example, through the governance, the frequency can be reduced to bring even more stability. To this we add an extra incentive to our so-called Liquid Program, through which our token-holders provide liquidity for stability and further growth.

Andrés M. | Satoshi Club: An interesting concept Julian, how can you compete with projects with similar use cases? Which features make you better than your near competitors?

Julian | PolkaBased Official: The 3% transfer fee (tax) differentiates us from projects with similar use cases. This is a great incentive for token holders to not sell and the collected fees will be distributed to liquidity providers through our Liquid Program.

Andrés M. | Satoshi Club: Do you have any pool to stake tokens?

Julian | PolkaBased Official: You can stake liquidity pool tokens in the Liquid Program and receive rewards in return.

Andrés M. | Satoshi Club: Great, big rewards for hodlers 😁💪

Julian | PolkaBased Official: Of course!

Q6 from Telegram User @Highpee

Polkabase objectives are centred around Rebase, Liquid and Governance. For your governance model which will be done on-chain using POB token, I read that a small fee is charge before a user can use the governance platform. Why didn’t you make your governance platform free in order to encourage participation and what does it really cost? Are users also required to hold a needed amount of POB in order to initiate a proposal/participate in voting? Will the Team be willing to implement all successful proposals (since only 51% of votes is required for a proposal to PASS) even if such proposal is against the team’s core plan?

Julian | PolkaBased Official: The governance protocol will charge a fee to prevent non-functional and not relevant proposals. The fee will also make sure that dedicated community members can vote and push proposals. By applying Community Governance we believe we hold true to the original cryptocurrency ideals of decentralisation and democratisation, even if it goes against the team´s core plan.

Andrés M. | Satoshi Club: Thank you for answers Julian, let’s proceed to the second part of the AMA, “the rain of questions” 🥳

Part 2 — live questions from the Telegram community

Q1 from Telegram User @JuanSB07

Speaking of percentage (%) per transfer within Polkabased, he mentions that a transfer fee of 3% of the POB token is charged, but claims that it rewards users through the liquid. Isn’t the transfer fee a bit high (3%)? This percentage would demotivate some users. So how do you solve that problem?

Julian | PolkaBased Official: We think that the fee will incentivize users to not sell. The 3% fee is up for discussion on the Governance Protocol. We will execute the wish of our community.

Q2 from Telegram User @wonderkit

Will polkabased create your supporting telegram groups with different countries or just one official group and what does community mean for the Polkabased project?

Julian | PolkaBased Official: We are internationally minded, so we are open for this suggestion. The protocol will be fully governed by the community. So we hold the community very high!

Q3 from Telegram User @highpee

Hi Julian 🤝 POB will be launched on Ethereum network. But do you have further plans to progressively migrate to Polkadot (since you like Polkadot Market Cap) after launching on Uniswap and coexist on the two chains and will you consider other chains such as BSC which has gained a great deal of traction recently? @PolkaBased

Julian | PolkaBased Official: Ethereum is still the most robust and familiar ecosystem in crypto. For now we focus on delivering the PolkaBased Protocol on Ethereum. However, we are always keeping track of other blockchain developments.

Q4 from Telegram User @alam0420

@PolkaBased Now polkabased first steps ongoing when sceond steps start?.Have you any plans of mxc , binance, kucoin and another exchanger listed? @PolkaBased

Julian | PolkaBased Official: We have plans to list on centralized exchanges that support and elastic supply. We are still orienting, and in talks with some exchanges. More in Q2.

Q5 from Telegram User @JoxesXIII

btw may i ask you about how to do investment with PolkaBased project ? will you have public sale for your token ? what is the requirement to join in that sale ?

Julian | PolkaBased Official: We will have a Pre-sale and an IDO. The Pre-sale announcement will be shared in a couple of hours. The Whitelist is still open!

Q6 from Telegram User @MCBTrade

In what decisions POB owners can have a say in the development of the Polkabased system.

Julian | PolkaBased Official: Our smart contracts are upgradeable, so once the governance protocol is launched, the protocol will be fully governed by the community.

Q7 from Telegram User @apocan99

What are the roles of oracles in PolkaBased system?

Julian | PolkaBased Official: The trusted Chainlink DOT/USD Oracle feeds the Polkadot price to our Oracle. The mcap Oracle feeds the up to date total supply of Polkadot to our Oracle. These two values are necessary to calculate the target price.

Q8 from Telegram User @Tapesetan

I think the Polkadot network is very much the opposite of the Ethereum network which is spending a lot of fees per transaction lately.

Q: Where can we get $ POB & when can we participate in the Liquid program to get incentives from that program ..?

Julian | PolkaBased Official: $POB is not yet available on any exchange. POB will be available in our Pre-sale or IDO. The launch of our dashboard and Liquid Program will be in Q2.

Q9 from Telegram User @mobilejii

How many airdrop participants joined till now , can I still join or 1000 has reached @PolkaBased

Julian | PolkaBased Official: The Airdrop program is still active. We have not reached our maximal participants, you can still join.😉

Q10 from Telegram User @sofiaisla

What do you think about the AMA today? @PolkaBased

Julian | PolkaBased Official: I think it was a great experience. I want to thank all Satoshi Club members and moderators. I hope we can have another AMA in the future with this wonderful group! 😍

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of PolkaBased. 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
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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 Hoge Finance and our guest was HODLhands and Heisenberg. The AMA took place on 23 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 Hoge Finance! Welcome to Satoshi Club😀

D. | Satoshi Club:
Hello everyone! 👋 Our guest – @HODLhands! Welcome to Satoshi club!

HODLhands:
I feel honored, thank you.

Mary | Satoshi Club:
Please tell us about yourself and of course about Hoge Finance 🚀

HODLhands:
So I’ve been in crypto on and off since about 2014. I thought the concept of mining was cool, and then I also liked the monetary aspect. I got in right around the time that DOGE was the most profitable thing to mine. Sadly i don’t have that early bird money, I did other stuff and didn’t put any money in till 2017, but I saw the beginnings of that community and others being built. which is really why I fell in love with hoge. Lately, it seems everybody finds whatever project and just expects the dev team to do everything. While back then everybody was actually not just willing, but basically had to put in work for things to take off. When I hopped into the HOGE telegram it was kind of nostalgic and just felt really good to see people posting links to 4chan posts, getting everyone to upvote their Reddit posts and like each other’s tweets, sharing memes, all collaborating and pushing each other to the next level.

Mary | Satoshi Club:
What is Hoge Finance? What is its main concept?

HODLhands:
The first week like everyone’s project was a rollercoaser of emotions and towards the end, we had a huge drop. That’s when I decided to take a step futher and basically just did whatever I could to help keep everything together. The main concept of HOGE is pretty simple. It’s a Deflationary, community-driven, meme-powered currency. It’s like DOGE but DeFi.

The coin has a 1% burn and a 1% redistribution so that all who hold the token in a standard ETH wallet are constantly farming the coin. Then on top of that, gaming seems to be something that we all have in common so we’re making that our focus as well.

Mary | Satoshi Club:
And even don’t have to move it anywhere?

HODLhands:
No staking, no anything, just by holding it, you’re constantly farming the buys and sells. It might not seem like a lot but since the coin is also deflationary the supply will continue to get smaller and smaller. so for those who just want to hold and forget about the tops and bottoms, they can constantly accumulate more coins that theoretically increase in value every day.

Mary | Satoshi Club:
Super! It seems very interesting! Thank you for your introduction! We have more detailed questions from our community about Hoge Finance also😉 ready for them?

HODLhands:
Yes.

D. | Satoshi Club:
Q1 from Telegram user @Karoceh
The name of HOGE is very similar to DOGE, and you also use the dog icon which is identical to the DOGE icon. Does HOGE Finance have anything to do with Doge or is it just a marketing strategy?

HODLhands:
No, we don’t have anything to do with DOGE. I guess you could say this all started with the devs just having fun making a token and some memes. Neither of them thought this would pick up the way it did completely organically. It’s definitely been a great marketing tool, and it would be a lie to say that we haven’t picked up some of DOGEs fans purely because of the similarities. But we aim to create something a bit different to make a long-term lasting impact on the crypto industry.

Mary | Satoshi Club:
How old is Hoge Finance?

HODLhands:
About 2-3 weeks.

D. | Satoshi Club:
So you decided to create a project after Elon pumped the DOGE?😉

HODLhands:
Haha, why not? Even Elon while he loves DOGE has problems with it, so why not try to create a different version, just like how most alts are essentially different versions of BTC or ETH.

Mary | Satoshi Club:
You know, we had ldoge earlier, but sadly that project failed as I know. So, for sure we need more Doges😂
Ready to proceed?

HODLhands:
Yeah, I guess I would just like to add that what really makes us different is our roadmap and our tokenomics.

D. | Satoshi Club:
Q2 from Telegram user @AmirJosh
$HOGE Total supply is 1000B. Even for a deflationary token don’t you think this is too much? Why the need to have this number of supply cause even $DOGE right now only has 128B+ circulating supply. How will you convince investors to buy and hodl $HOGE and what are the countermeasures to prevent it to become a pump and dump kind of token?

HODLhands:
1000B is a lot of tokens, but as crypto evolves and more money flows into the ecosystem, higher supply may not necessarily be a bad thing. When DOGE was new, the idea of it hitting a penny seemed like a joke. I believe bitcoin had just barely reached the billion dollar mark. But now we have multiple billion dollar marketcap projects, and so with increasing valuation, for something like HOGE that is intended to be used for microtransactions 1000B may seem like a lot while it’s new, but once we age I believe that will be the perfect amount for tipping, donating and gaming

D. | Satoshi Club:
Can you tell us about the distribution of tokens? all tokens in circulation at the moment? I’ve read that Devs of HOGE don’t have tokens, is that correct?

HODLhands:
As far as I know, they do have tokens, but they were all purchased on the market just like everyone else. There were also apparently buyers that got in before they did. But i believe what you mean is that there were none allocated specifically for them. there was no dev allocation or team fund created when they made the token.

D. | Satoshi Club:
Q3 from Telegram user @manugotsuka
⚛️ Currently, the $HOGE coin is an Ethereum based token and also will have a BSC integration, but HOGE will have its own Native network like doge coin?

HODLhands:
That is something that I’ve personally thought about but have never brought up or really seen anybody discussing yet. It’s definitely not impossible, but at this time it’s not something that we’re working on. While playing around with the idea. ive thought that maybe we could make HOGE its own 2nd layer platform or something but like I said thats just an idea, that im sure has crossed other’s minds but it’s not something we’re currently working towards.

Mary | Satoshi Club:
BSC integration is also really important, when do you plan to start it?

HODLhands:
BSC integration will happen but first wed like to focus on getting the original token listed on a centralized exchange and then building the platfom that can easily be forked to BSC.

D. | Satoshi Club:
Q4 from Telegram user @meml97
I saw that one of the things you offer is a Gaming Part within your platform, what plans do you have for it? I saw that you currently have two games, do you have plans on adding more? Will we be able to participate in this creating process, how will it be possible? Speaking of the games you already have, what happens with them? I tried to play them but they never end their loading phase, when are they going to be fully released?

HODLhands:
Oh wow, ill dm you later about your pc specs so we can hammer out whatever issues there are. As for the plans give me a second to write the response.

D. | Satoshi Club:
I’ve tried HOGE runner is a kinda tough game 😄 I’m always dying at the beginning 😄
You should try it too https://hoge.fun/runner/

HODLhands:
So essentially the gaming aspect of HOGE happened purely by chance. One of the more active members of the community made a twitch account and start livestreaming himself modding a Hoge version of Doom. Then another member of the community just offered to make the browser games, and then the same thing essentially happened for an NFT game. Which as a meme token we clearly have a lot of artists for.

So yes you will be able to contribute to the game creation process, both in the development and in the investing area. we have plans to create a platform that allows hoge holders to donate, or invest in indie games. Then we also have plans to allow you to contribute art for an NFT game, and then plan on creating some games that will allow you to use/win HOGE.

Oh and then I forgot this last part, we also have plans to help bootstrap the competitive trading arena.

D. | Satoshi Club:
Q5 from Telegram user @RamonPila25
There is a growing wave of projects that later become stakes, scams, and so on, and your project has no published external audit results or whitepaper. What would you say to the community in order to convince them of being a serious investment opportunity?
Satoshi Club always pretty strict and serious about audits in any forms😄

HODLhands:
To start I would like to invite anyone whos skeptical into the community. I can’t emphasize enough that this is a completely community-managed project. The original devs are still involved but they have 100% embraced the community takeover. That said, our telegram is full of people discussing what we’re working on and sharing results. As I mentioned above. We have one member, the one who came up with the idea behind the crowdfunding platform, who is literally livestreaming the entire creation of his game

As for the audit and other standard trust aspects, we have locked liquidity, no team wallet, and audits on the way. The original contract will be audited as will all of the contracts everything major builds on top. We just create a new landing page and were working on a new full site. There was no white paper written when the original contracts were deployed but we’ve created a comprehensive one atm, with this being the community draft right now

File: HOGE whitepaper (3).pdf

Remember that is just a draft, a full edited and comprehensive white paper will be on the way. Essentially this began as nothing more than a meme, but through that meme, a strong community was formed that has made it their goal to bring the project to new heights.

Mary | Satoshi Club:
Also, as I know your liquidity is locked with Unicrypt, right?

HODLhands:
Oh and then we also have plans for bootstrapping more liquidity but I cannot release the specifics at this time.

D. | Satoshi Club:
Q6 from Telegram user @Wormz28
I’ve read that your Roadmap is still on update and coming very very soon. So can we know in advance what products and services Hoge Finance is currently working on? Also, we want to know what’s your upcoming plans in your Q1 and Q2 within this year are worth waiting for?

HODLhands:
Currently, we’re working on the NFT minting platform that will allow you to submit art created into NFT for our game. Other than that we’re working on 2nd layer ETH solutions, as soon as the listing is 100% secured will begin allocating resources towards BSC.

By the end of Q1, we should for sure have the NFT minting platfom done as well as an exchange listing and our new method of bootstrapping extra liquidity. By end of Q2, I’d like to say we’ll have begun the serious journey into HOGE gaming.

Mary | Satoshi Club:
Good ideas! It will be NFTs will Hoges?😉

HODLhands:
For the genesis collection, we were thinking about letting users submit their own art actually.

Mary | Satoshi Club:
Ready for the live part?

HODLhands:
Apparently, there is one thing that I should have added to the last question about q2/q1. We’re currently looking at xDai as our scaling solution within the ETH ecosystem. So now im ready for the live part.

Mary | Satoshi Club:
Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Memo

In your blog of the medium, they mention that the most promising projects for 2021 have been those that use memes, but really what relationship do memes have with the Valhalla incubator? Does your project plan to eliminate memes on the blockchain? or will they adapt to them?

HODLhands:
Our plan is to adapt to them, at the moment our way of doing that is through NFT collectibles and soon a full-on TCG.

Q2 from Telegram user @ Rajashree

Why your whitepaper is not ready yet???

HODLhands:
I don’t believe the original dev’s thought that this project would be big enough to require a white paper so none was written. We could have put one together overnight essentially by copying some other white paper which is what is common in the blockchain space but we’ve opted to start from scratch and take the longer more comprehensive route. This is most beneficial because we now have new devs adding onto the HOGE ecosystem in ways that were never originally planned or thought of.

Q3 from Telegram user @ Icy

I read in your telegram that HOGE now doing donations for listing in Whitebit exchanger, may I ask is there any benefit that the donator will get? ( if there isn’t, thats ok). Btw why you do not collect funds by selling $HOGE tokens and looking for investors by private sale?

HODLhands:
This is actually a really good question, at the moment we dont have any real benefit for donation other than the great feeling you get from helping out

But soon we will have HOGE merch just like the uni-socks where the profits go directly towards the foundation, which currently is funding all of HOGES endeavors

Q4 from Telegram user @ Cengizhan Tekin

✅ You call HOGE as DeFi DOGE. But I couldn’t find a connection. It is not Doge’s project, it is not pegged to Doge price, … Is it just the name similarity, is there a technical similarity, is it liked by Elon Musk 🙂 …? Can you explain why you call that way?

HODLhands:
You’re right there is no peg to DOGE. It’s a meme token with a strong community that uses a bulldoge as its logo/mascot. What makes it DeFi is the tokenomics.

Q5 from Telegram user @ Rolex

You chose the form of project management DAO. I really liked the first community vote)) which determined the further course of development)) But do all members have the right to vote? How many billion Hoges should I have for my vote to be valid?

HODLhands:
All members have the right to vote, and we will work this into the new website. As far as how many you need, we’ve set the bar at 1 billion HOGE to start a vote because we feel that only those who have a large stake in hoge should be able to start a vote. This will prevent attacks by nefarious actors who don’t want what’s best for the HOGE ecosystem, but everybody no matter how small their wallet should be involved in the voting process.

Heisenberg:
All members can vote. We already created a snapshot page for voting. All members can vote, but to make a proposal you need to hold 1b HOGE.

Q6 from Telegram user @ Keymer

If you really mention that HOGE is totally DeFi, then why would you list your tokens on Cex exchanges? Can this elastic supply be met with% burn in Cex?

Heisenberg:
We are going after cex listing in order to avoid high gas fees issue with eth network, and for more exposure.

Q7 from Telegram user @ 🌿Crypto Flower🌿

🌼 Don’t you plan to have some kind of contest for the best MEME about your project? That would be interesting!

Heisenberg:
Actually, one of the community members already hosts a meme contest. We can do more in the future

Q8 from Telegram user @ prayoga taufik

Will you introduce new partners and clients in the near future? Are you still working?

Heisenberg:
We will, and yes we are still working.

Q9 from Telegram user @ Tuvalunia

When can we buy your token from CEXs?

Heisenberg:
We are in the middle of negotiating with a cex now.

Q10 from Telegram user @ Berta

Currently what is trending are NFTs, so do you have plans to implement them in your project?

Heisenberg:
Yes, this is in our roadmap.

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/hogefinance
WebSite – https://hoge.fun/runner/

We are pleased to announce our next AMA on February 28th 2021 at 02:00 PM UTC Time: Satoshi Club x Polkacity

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

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

Part 3: 300$ – A quiz about Polkacity

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

PART 1. Introduction of Oddz heder project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called Oddz.

Oddz is the Multi-chain options trading platform on Binance Smart Chain, Polkadot & Ethereum.

Offers a seamless on-chain option trading solution with an in-built Oracle solution. Enabling users to trade customized options with rewards.

The plan of AMA session:

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

The reward pool is 500$

Leading the AMA our clever and fun admins:

Luis Merino 🇪🇸 | Satoshi Club – @LuisMe7 and Gold Rocket | Satoshi Club – @GoldRocket27

The Representative of the project:

Shreedhar Shreenivasa – @shreedhar_shreenivasa

Introduction of Oddz project.

Luis merino 🇪🇸 | satoshi club:

Hello everyone and welcome to another ama with the Satoshi club. Second one today… Our guest today is from ODDZ  finance. @shreedhar_shreenivasa welcome 😊

Shreedhar shreenivasa:

Thanks, @luisme7 for the welcome. Happy to be here and answer all the questions that the community will have 😊

Gold rocket | satoshi club:

Hello, dear satoshi clubbers! Welcome to satoshi club @shreedhar_shreenivasa😊

Shreedhar shreenivasa:

Thanks, @goldrocket27

Luis merino 🇪🇸 | satoshi club:

Glad to hear that you are happy because a lot of great questions are coming… 😉

Shreedhar shreenivasa:

Looking forward to it 😀

Gold rocket | satoshi club:

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

Shreedhar shreenivasa:

I have worked for a few tech startups in Bangalore and the san Francisco bay area since 2011. In 2017, i was introduced to blockchain technologies by one of my friends and proposed an idea of using blockchain for e-commerce supply chains. Later since 2019, and my co-founder has traded in the stock market as well as for cryptocurrencies.

In late 2019 and early 2020, we were thinking of building an one-stop solution for all the derivatives for crypto and did extensive research around the same.

Gold rocket | satoshi club:

Good background!👍

Shreedhar shreenivasa:

We wanted to be a Robinhood for cryptocurrencies and that’s how ODDZ  started.

Luis merino 🇪🇸 | satoshi club:

Sounds great! Thank you for the introduction 😊

Luis merino 🇪🇸 | satoshi club:

So, are you ready to start with community questions? 😉

Gold rocket | satoshi club:

Shreedhar shreenivasa:

Yes, keep them coming my way. I will try my best to answer all of them 😄

Preselected questions about the Oddz DeFi project.

Gold rocket | satoshi club:

Q1 from telegram user @borysfireball

ODDZ  offers a seamless on-chain option trading solution with an in-built oracle solution. That’s great, but according to your roadmap your trading platform will go live in 1q and ODDZ  oracle launch will be in q2. So, what oracles will you use from the beginning? Or maybe it means that we won’t get full services from the start?

Shreedhar shreenivasa:

We are partnering with some of the top on-chain data providers in the beginning. Due to the nature of derivatives, it’s very essential to have an oracle that can provide the on-chain data if any existing oracle cannot. Obviously, building oracles takes a lot of time and all the security measures need to take.

So long story short: in the q1, when we launch our mainnet, we will have at least 3 existing oracles partnered with Oddz. More details on this will be announced soon.

Gold rocket | satoshi club:

Don’t forget to share with satoshi clubbers👍

Luis merino 🇪🇸 | satoshi club:

Maybe you can give us a hint? Satoshi club love hints 😄

Shreedhar shreenivasa:

Sure. We will definitely want the satoshi clubbers to be up to date with all the information about ODDZ  protocol. Don’t forget to join https://t.me/oddz_finance for timely updates 😀

Gold rocket | satoshi club:

Join satoshi clubbers🚀🚀🚀 @shreedhar_shreenivasa tell us a little about your team. How many people do you have, what do they do?

Shreedhar shreenivasa:

We have about 10 people working on product development, business development, and our marketing efforts. 5 people are working on protocol and user experience development and the rest of them working on product design and marketing.

Gold rocket | satoshi club:

Are they remote workers or do they go to the office?

Shreedhar shreenivasa:

All the team details can be found on our landing page: https://oddz.fi/

All of them are full-time and only a couple of folks are working remotely due to the pandemic restrictions

Gold rocket | satoshi club:

Thank you so much! You have a very informative website👍😊

Ready to move on to the next question? Or do you want to add something?

Shreedhar shreenivasa:

Yes, we can move on to the next question unless you have anything to know about our team 😄

Gold rocket | satoshi club:

Q2 from telegram user @yellowchamp

As written on your website that you will enable users to trade customized options with rewards. My question is that how does the trading customized options works in ODDZ  finance? How does reward be given and what kind of reward be will the traders get? Can you share what are the risk and pros?

And cons that it will bring to traders in using customized trade options? Thank you

Shreedhar shreenivasa:

We use machine learning and data analysis to recommend users easy options where users can buy pre-customized options based on the market condition. On top of this, if any user wants to choose their options strategies, they can do so in our customize section.

Gold rocket | satoshi club:

How big are the risks?

Shreedhar shreenivasa:

There will be a section for users to decide what level of risk they are willing to take.

Usually, some portion of the settlement fee we collect from our options traders will be used to compensate the gas fee for our options traders

Luis merino 🇪🇸 | satoshi club:

Great method!

Gold rocket | satoshi club:

Not bad 😉

Luis merino 🇪🇸 | satoshi club:

When will that be available?

Shreedhar shreenivasa:

We have our testnet slated to be launched soon and we will keep you posted on this.

Users who are not willing to take risks can select options strategies that will have minimal risk and at the same time, rewards will also be minimal.

Luis merino 🇪🇸 | satoshi club:

That’s logical, the higher the risk, the higher the rewards.

About the testnet, is it going to be a public or a private one?

Shreedhar shreenivasa:

It’s gonna be public

And there will be very good rewards for these test net users

Based on the leadership position, all the testnet participants will get rewards

Once we have our smart contract audits and other security measures, we will launch the mainnet

Luis merino 🇪🇸 | satoshi club:

Really looking forward to it 👀🥰

Shreedhar shreenivasa:

Sure. We made very good progress in terms of protocol smart contracts and testing them on various blockchains

We are close to submitting our protocol smart contracts for auditing and we made some strategic partnerships (details on this front will be shared soon)

We will have our alpha launch and the soon and will be announced in our ann group very soon

Shreedhar shreenivasa:

So to be precise, our roadmap for Q1 is:

1. Alpha launch & TGE
2. Trading platform launch
3. Liquidity mining
4. Staking

Gold rocket | satoshi club:

We will be very glad to hear about this in your updates!👍 In the first quarter of this year, based on the roadmap. By the way, share your roadmap with our community.

Shreedhar shreenivasa:

Q2-2021

Integration with Polkadot network

• ODDZ  oracle launch
• ODDZ  options on wallet Dapps
• ODDZ  futures platform

A more detailed roadmap will be shared with the community and will be updated on the website too

Luis merino 🇪🇸 | satoshi club:

Huge things yet to come 💪🏼

Gold rocket | satoshi club:

If you’re ready we have a very interesting next question.😉

Shreedhar shreenivasa:

Sure.

Gold rocket | satoshi club:

Q3 from telegram user @auguss7

Could you really give us more details and characteristics of the conditional tokens? Any user can create a token for any purpose for the sole reason that it is of a certain time? Or are there more limitations?

Shreedhar shreenivasa:

Nope, there has to be a definite outcome within a given timeframe, and the source for the outcome

Gold rocket | satoshi club:

Clarify this a bit, please …

Shreedhar shreenivasa:

ODDZ  will have an interface for our community users who also hold ODDZ  tokens to create these conditional tokens. While creating these, there has to be a source for the outcome and timelines for the same.

Technically conditional tokens can be created for any events that will have a definite outcome that is bound to the time, I am sure all of you have heard of yes trump and no-trump tokens 😄

Luis merino 🇪🇸 | satoshi club:

I haven’t 😳

Gold rocket | satoshi club:

I didn’t hear either 🙈

Luis merino 🇪🇸 | satoshi club:

But I can imagine, they were created during the American elections, right? 😄

Shreedhar shreenivasa:

True. Haha, you should explore conditional tokens on the ODDZ platform then 😄

Luis merino 🇪🇸 | satoshi club:

Sounds interesting 👀 Do you want to add something? Or can we jump to the next question? 😉

Shreedhar shreenivasa:

A more detailed sneak peek of the UX for options, conditional tokens, and perpetual will be updated soon.

We can move to the next question

Gold rocket | satoshi club:

Q4 from telegram user @juansb07

On its website it says that there are 2 ways to earn on oddz, the first is to lock your assets in the ODDZ  liquidity pool and the second is to bet ODDZ  tokens. What is the total return that these 2 options generate for users? Are you really making good profits with Oddz?

Shreedhar shreenivasa:

Yes, Let me give some insights on how options work. When the call or put option is created, there has to be an underlying asset locked. Usually, there will be a user who creates options and then another user can buy. But with ODDZ  there will be an AMM pool from which we lock the underlying asset.

All the users who provide liquidity into the pool will get 100% share of the option premium fee. Along with the option premium fee, we collect a settlement fee to reward users who stake the lp tokens, OUSD token that LPS get when they lock the USDC.

Some portion of this settlement fee will be used to compensate the gas fee and the rest will be distributed as rewards. More details on the AMMpool can be found here: 

Now on the other side, users who want trade options using ODDZ  tokens will get a discount on the settlement fee.

Gold rocket | satoshi club:

Excellent detailed answer! Thank you so much!

Luis merino 🇪🇸 | satoshi club:

Sounds really good! Ready for Q5 now? 👍

Shreedhar shreenivasa:

Yes, let’s go for it.

Gold rocket | satoshi club:

Q5 from telegram user @jesusfre1tes

What trading solutions has ODDZ created to streamline the execution of put and call options, conditional trades, and futures contracts? How have you unlocked the potential of decentralized derivatives markets? How do these solutions help drive the DeFi ecosystem and simplify derivatives trading, in turn improving the user experience?

Shreedhar shreenivasa:

So far, we have been focusing on options for eth and WBTC. As we work on implied volatility and the availability of these on-chain feeds, we will add support for more cryptocurrencies.

As I mentioned earlier, we are putting a lot of emphasis on the user experience at the same time enabling users to explore more derivatives in one place

If you see Robinhood, the user experience and quality of the educational content are really good that enables new users to explore stocks and options trading.

Gold rocket | satoshi club:

What trading pairs are you planning to add?

Shreedhar shreenivasa:

Customized options based on the ml and data analysis along with an ability to let users to chose their own strategy will drive the DeFi ecosystem and should simplify derivatives trading.

Our smart contracts are constructed in such a way that, options for any tokens can be added based on the availability of the iv feeds. We will be starting with eth and WBTC.

Luis merino 🇪🇸 | satoshi club:

Most used ones 😄

Gold rocket | satoshi club:

Everything is clear to me😊👍

Shreedhar shreenivasa:

We will continue to add support for more cryptocurrencies as soon as we get iv feeds from our data provider partners

Luis merino 🇪🇸 | satoshi club:

Who are your data providers?

Shreedhar shreenivasa:

I can only say we are working with top oracle data providers as we want to announce the partnership with them. Until then, we cannot really reveal the names 😄

Luis merino 🇪🇸 | satoshi club:

When will you reveal them? 😉

Shreedhar shreenivasa:

Soon, in the next couple of weeks for sure. We have a lot of announcements lined up

Luis merino 🇪🇸 | satoshi club:

Looking forward to all of them 😊

Shreedhar shreenivasa:

Sure, please subscribe to our ann channel for more details: https://t.me/oddz_fi_announcements

Luis merino 🇪🇸 | satoshi club:

Ready for the last question of the first part?

Shreedhar shreenivasa:

Yep

Gold rocket | satoshi club:

Q6 from telegram user @highpee

You have identified high gas as a limitation of seamless and flexible derivative trades on Ethereum and you will be introducing a zero gas fee transaction in order to drive wide adoption. This sounds enticing and I want to know which cutting-edge technological solutions you will be introducing to eradicate this limitation without resulting in network latency? What smart features will this solution have and how will it be executed without trading off efficiency and security since some solutions in this regard require the use of a third-party relayer network which may raise security concerns?

Shreedhar shreenivasa:

It’s a great question actually, I would like to answer this in two parts.

We have layer-2 technologies for optimizing the transaction latency and so far our testing with layer 2 integration and relayer networks has been really good.

As for the security is concerned, we have carefully reviewed the audits and other security measures that these layer-2 and relayers have taken. Now the coming to the second part: gas fee and execution latency on Binance smart chains is really less

So users will have an option to trade options on both Ethereum and Binance smart chain. We are eagerly waiting for Polkadot as much as others and hopefully, that will enable us to execute cross-chain transactions

But thanks for asking this question, it’s really a great one 😄

Gold rocket | satoshi club:

Thank you very much for your answers! You were very informative! Want to share useful links with our community?

Shreedhar shreenivasa:

Sure. Here are the details on our community, project, and social pages. Subscribe to these for timely updates.

Website: | Twitter:  |  Telegram chats:  | Telegram announcements:   |  Lite paper:  | Medium: 

We have some exciting news coming in the next few days.

Luis merino 🇪🇸 | satoshi club:

Ready for a huge rain of questions for part 2?

Shreedhar shreenivasa:

Sure

PART 2.Questions about the Oddz 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 Oddz 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 @meml97

  On your roadmap it caught my attention that you have something called “Alpha launch & TGE” for Q1 2021, could you tell us more about what is this TGE, and this Alpha launch and when will be released? Speaking of this Alpha, if I want to participate in it, will I be able to? How can I help the Oddz platform?

Shreedhar Shreenivasa:

Yes, We will have our token launch in Q1 along with the alpha launch. all the testnet participants will be rewarded with ODDZ tokens. An announcement on the exact date will be made very soon. As I mentioned earlier, we have a lot of announcements lined up in the next few days.

Q – 2 from a telegram user @KASG95

You mention that “Oddz Oracle is specially designed for derivatives market sources”, but is that the most important function for Oddz? Or just start prara derivatives and little by little anger perfecting in the other functions? 

Shreedhar Shreenivasa:

 would say oracle for derivatives is one of the USPs for Oddz. We have many more USPs along with its an inbuilt oracle.

Q – 3 from a telegram user @cengizhantekin

Which chains are supported by Oddz currently and already planned for the future?

Shreedhar Shreenivasa:

We will launch our mainnet on Binance smart chain, Ethereum, and Heco chain. We aim to integrate with any chain that is close to the EVM

Q – 4 from a telegram user @warny

What sort of incentives have you introduced to incentivize liquidity providers for infusing liquidity into the Oddz Liquidity Pool?

Shreedhar Shreenivasa:

100% distribution of Premium fee along with Some share in the settlement should encourage users to put more liquidity into our pools. We are working on hedging these LPs from sudden market movements. We have also constructed a USD pegged stable coin based pool that should reduce the impermanent loss

Q – 5 from a telegram user @Joseunda

What are the benefits of being able to support the 3 most important blockchains for DeFi today?, Ethereum, Binance Smart Chain, and Polkadot?

Shreedhar Shreenivasa:

As I mentioned in my earlier answer, we aim to integrate with any chains that is close to EVM and Ethereum, BSC, Polkadot, and Heco chain are something we are already testing our protocol with. Reducing user friction is the main reason behind it.

Q – 6 from a telegram user @JoanaZ

The options trading is one of the more risky types of trading that exists, so considering that you maybe will have newbies users, will you create tutorials or guide that explains how operate with it?

Shreedhar Shreenivasa:

Yes, we are working on our bringing more quality content for encouraging users to try our easy options. once they experience with options trading, they can start trading more option strategies

Q – 7 from a telegram user @Antoni_azx

What are the advantages of having an in-built Oracle? How did you create it and how is it better than the conventional extern oracle services?

Shreedhar Shreenivasa:

Any requests for the new data feeds are bound to the time and security audits. getting them prioritized with the existing oracles may hamper our product road map and that is the reason we are investing in providing the IV feeds for more tokens through our in-build oracle. now the conditional tokens also need the data to be served from the specific source within the timeframe.

Q – 8 from a telegram user @asalas95

Yes, user needs to own ODDZ tokens and more details on this will be shared soon. now coming to the events, we will be starting with questions/events that are specific to block chain and crypto currencies. support for more events will be added as we move further?

Shreedhar Shreenivasa:

Q – 9 from a telegram user @AmirJosh

What are the benefits of holding Oddz tokens? Can we earn part of the platform’s earnings when holding $Oddz or the farming and staking are only ways to earn with it?

Shreedhar Shreenivasa:

Yes, there will be multiple staking programs that will be announced soon. in order to enjoy a discount in settlement fee for trading options, users can trade with ODDZ tokens. we will also reward users who refer their friends and family to explore oddz trading platform

Q -10 from a telegram user @Korryl

I read that Oddz Finance has Liquidity Pool under the AMM model, but what makes it different
from another similar project? how does Oddz Finance
Liquidity Pool works to gain profit, is there any penalty if the user withdrawal from your liquidity pool?

Shreedhar Shreenivasa:

We are USDC based AMM pool to reduce the market risk and we dont penalize the LPs who wish to leave the Pool earlier but if the user is in the profits and wants to leave the pool within 14 days, their profit will be distributed to other LPs in the pool. this should encourage users to stay longer in the pool,.
along with this, we are working on hedging these LPs from unexpected market movements.

Part 3 – Quiz about project

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

Website: | Twitter:  |  Telegram chats:  | Telegram announcements:   |  Lite paper:  | Medium:  

We are pleased to announce our next AMA on February 7th 2021 at 02:00 PM UTC Time: Satoshi Club x McDonaldsCoin MCDC

⚠️Click to see the hour
⚠️Total Reward pool: $1000

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

Part 3: 800$ – A quiz about McDonaldsCoin MCDC

For more details:
McDonaldsCoin MCDC – @McDonaldsCoinHQ
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 27th 2021 at 05:00 PM UTC Time: Satoshi Club x BiTToken.Club

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

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

Part 3: 300$ – A quiz about BiTToken.Club

For more details:
BiTToken.Club – @Bittoken_Project
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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

We are pleased to announce our next AMA on March 10th, 2021 at 05:00 PM UTC Time: Satoshi Club x DexKit

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

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

Part 3: 300$ – A quiz about DexKit

For more details:
DexKit – @dexkit
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish