AMA Satoshi Club x Dero Project, March 2nd

We are pleased to announce our next AMA on March 2nd, 2021 at 04:30 PM UTC Time: Satoshi Club x Dero Project

⚠️Click to see the hour
⚠️Total Reward pool: 250 DERO

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Dero Project Telegram group

We will have the following structure:

Part 1: 40 DERO /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: 40 DERO/10 users – Open chat for 120 seconds. You can post Max 3 questions. Dero Project Team will select 10 questions and answer them.

Part 3: 170 DERO – A quiz about Dero Project

For more details:
Dero Project – @DeroProjectGroup
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

FoxSwap x Satoshi Club AMA Recap from 21th of February

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 FoxSwap and our guest was Eric – @Eric_FoxSwap, Co-Founder of Foxswap. The AMA took place on 21 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

Gold Rocket | Satoshi Club:
We are pleased to announce our AMA with FoxSwap
Today our guest is @Eric_FoxSwap!🦊

Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone and welcome to our second AMA today :))

Eric | FoxSwap:
Hello everyone.

Luis Merino 🇪🇸 | Satoshi Club:
Our guest is @Eric_FoxSwap, welcome! 😊

Eric | FoxSwap:
Nice to meet you here. I’m Eric (Co-Founder of Foxswap).

Gold Rocket | Satoshi Club:
Welcome to Satoshi Club @Eric_FoxSwap🦊😀

Luis Merino 🇪🇸 | Satoshi Club:
Hello Eric! How are you today?

Eric | FoxSwap:
A great weekend. I’m ready to answer questions from everyone ✌️

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 & FoxSwap?🦊
There will be a lot of questions! Satoshi Clubbers are very curious guys 😁

Eric | FoxSwap:
I majored in information technology in the US. Here we are directed to the research of Blockchain. So I joined the Crypto market very early.

About Foxswap: Surely the craze you all know about DeFi fever, right? DeFi is growing very fast and strong. Demand for community use on decentralized exchanges is growing. But there are some issues going on as a constraint: too high transaction fees, high slippage, and low liquidity. Understanding the above problem, I worked with my friend Brian Chen to find the answer to be able to solve it.
Done.
Thank you ✌️

Gold Rocket | Satoshi Club:
Thank you very much for the answer! Ready to jump into community questions?

Luis Merino 🇪🇸 | Satoshi Club:
Great background!
Sounds really good Eric! 👏

Eric | FoxSwap:
Next question.

Gold Rocket | Satoshi Club:
Q1 from Telegram User @Highpee
You have said that FoxSwap which is a DEX aggregator on Ethereum is designed to scale transactions with reduced fees. Uniswap, SushiSwap, 1inch, and other DEXes on Ethereum which offer similar services have been unable to provide solutions to the problem of high gas affecting the Ethereum blockchain. How will you solve this since Ethereum will still be needed to power FoxSwap activities? Also, if all the orders are not executed individually but are aggregated before they executed, how scalable or fast will this be? Won’t this result in unwanted delays before transactions are executed?

Eric | FoxSwap:
Thanks @Highpee.

  • Current decentralized exchanges mostly use the layer 1 scale. Foxswap uses layer 2 protocol.

When Foxswap aggregates from other trading platforms, the LPs will be very large, users will avoid problems such as high slippage, low liquidity.

Foxswap’s system will process transactions instantly, there will be no lag. Much of it depends solely on the TPs of Blockchain Ethereum.
Done.

Gold Rocket | Satoshi Club:
Q2 from Telegram User @Xusuo
After reading your site, I learn that you have a unique feature name “Secondary MArket” that possibly makes the loans tokenized into NFT Tokens and possibly allowed to be traded on other Dex exchanges.
can you explain more about this, what is the use of NFT token besides traded on Dex Exchanges?
Do you have any other features regarding NFT?

Eric | FoxSwap:
Secondary Market: Loans, and are all tokenized via Non-Fungible Tokens (NFT) that allow the trade, creation of secondary markets. This means that the loans will be tokenized into NFT Tokens and possibly allowed to be traded on other Dex exchanges.

Non-fungible tokens (NFT) allow non-fungible tokens to be easily moved between ecosystems. These NFTs are instantly visible to the various wallet providers, traded on the marketplace, and most recently available on emulator worlds.

Non-fungible tokens are based on blockchain, features of the NFT: Standardized, Interactive ability, Trade ability, Liquidity, Programming ability, combined on-chain and off-chain.
Done.

Luis Merino 🇪🇸 | Satoshi Club:
I have an offtopic question, when was Fox Swap created?

Eric | FoxSwap:
This is a fairly new concept, it is mainly about technology. Everyone needs experience to better understand.
You can refer to our roadmap on the official website: https://foxswap.exchange/
Foxswap was created from Q2 – 2020.

Luis Merino 🇪🇸 | Satoshi Club:
Do you want to jump to Q3?

Eric | FoxSwap:
Great.

Gold Rocket | Satoshi Club:
Q3 from Telegram User @konditer_rolex
In the roadmap, you mention the addition of Synthetic assets and derivatives. What is the reason for such innovations?

Eric | FoxSwap:
You can see DeFi is really booming, but it’s just the beginning.

Synthetic Asset – Unlimited potential:

  • Authorization-free Initialization: Public blockchains like Ethereum give anyone in the world the ability to build their own synthetic asset system.
  • Easy access and transferable: Synthetic Asset is freely transferable and tradable.
  • Global liquidity pool: Blockchains are inherently global, anyone in the world can participate.
  • No 3rd party risk: There is no centralized 3rd party that has the privilege of controlling blockchain as well as synthetic assets.

Derivative’s secret is leverage:

  • Leverage helps derivatives, or futures, become more attractive to investors. In addition, derivative tools are used for hedging purposes. Specifically, when the investor wants to protect himself from price fluctuations.

Everything attracts large numbers of investors. That’s why we’ll be launching these extensive features on Foxswap.
Done.

Gold Rocket | Satoshi Club:
I read about your partnership with Pantera ICO. Please tell us a little about it!

Eric | FoxSwap:
This is a large and most famous community in Korea. You can see more information about the partnership between Foxswap and Pantera ICO: https://medium.com/@foxswap/foxswap-defi-partners-with-ico-pantera-koreas-leading-growth-accelerator-d3941d784040
TG: https://t.me/panteragroup

Gold Rocket | Satoshi Club:
How will it benefit your users?

Eric | FoxSwap:
They will help many investors in Korea get to know Foxswap. Furthermore, Pantera has a lot of partners that are major exchanges, they can also help us connect with these exchanges easily.
Next question 👀

Gold Rocket | Satoshi Club:
Q4 from Telegram User @rhedd
“Staking is one of the great features of one projects or platform to earn without losing our funds”. Almost all the new project built today has Staking Program. What can we expect about your staking program and what staking options are available in the FoxSwap platform? How many pools does your platform have for the users and investors to participate?

Eric | FoxSwap:
Foxswap launched the testnet in early January. Coming up the mainnet launch, options will be available for everyone to join. There are currently no options available.
If you are interested, please follow us, everything will be complete after the public sale is completed.
Done.

Luis Merino 🇪🇸 | Satoshi Club:
How big is your team? And, do you work remotely or have an office?

Eric | FoxSwap:
All members are experienced. You can view the information on the official website and scroll down to the “Founders & Team” section.

Gold Rocket | Satoshi Club:
There are a lot of giveaways and airdrops on your Twitter. Is there anything we can join now?

Eric | FoxSwap:
We work together in the office. It is 1:23 am now in my country of work, but I still try to answer everyone’s questions.
https://twitter.com/foxswap_defi/status/1359051242719252482
It will end in 24 hours.

Gold Rocket | Satoshi Club:
Q5 from Telegram User @Gutike95
I have heard many of the benefits of the Layer 2 Protocol, but really very few platforms implement it in their projects, is it because it is not compatible with all? Is it have a big problem or is it that they do not know their potential yet? could you explain it to us?

Eric | FoxSwap:
The Layer 2 protocol is quite easy to adapt, but not all projects can do it. Layer 2 is very potential, because of the benefits it brings, there is not a big problem stemming from Layer 2. We see the future of Layer 2 protocol and implemented it. And we’ll all see a lot of decentralized exchanges that will use the layer 2 protocol.
About how it works you can see this picture. It is not directly linked from “Buy order” and “Sell order”. Need to adopt another protocol, here is Foxswap.
Done.

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

Eric | FoxSwap:
Yes.

Gold Rocket | Satoshi Club:
Q6 from Telegram User @lzamg
FoxSwap gives the possibility to Dapps and wallets of earning FOX when they attract users and trading volume to the platform. Can you tell us what is based on the amount of FOX earned by referrers? Is there a limit of earnings per referrer?

Eric | FoxSwap:
When you use Foxswap, you will be given a referral code. This referral code is your wallet address. When someone uses your referral code and transacts on Foxswap, you will earn FOX tokens. Earning rate will depend on the amount of FOX held by traders, and on their trading volume. There will be no limit for referrers, the more referrals you get, the more FOX you get.
Done.

Gold Rocket | Satoshi Club:
Great answer! If you don’t mind, we can now move on to the second part of our AMA.

Eric | FoxSwap:
Sure.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Memo

You say that “FoxSwap will have features that will help you operate more effectively”, but could you detail each one of them, and tell us which ones make the difference with respect to the competition? Please!

Eric | FoxSwap:
1. The big other biggest of Foxswap is the combination of DEX Aggregator and Layer 2 protocol. There is not any delivery as any doing this thing.
Some of the basic features of Foxswap:

Swap Tokens
Oracles
Loans
Secondary markets.

Q2 from Telegram user @ Gutierrez04

Both Uniswap and SushiSwap have had reliability and security problems, since many users have been scammed in it with scam tokens, how could Foxswap be more reliable and secure than them? limit the tokens they list?

Eric | FoxSwap:
2. We are not limited to the tokens listed. But we have a team that is constantly working on listings. All tokens that are counterfeit or with our namesake will have warnings to users. Especially if the token is confirmed we will mark it up to make it easier for users to recognize. This reduces a large amount of fake tokens on the platform and is really useful.

Q3 from Telegram user @ Al

About FoxSwap’s roadmap in Q3 Coming up, can you tell me a bit what plans you have?🦊

Eric | FoxSwap:

  1. We will always update and make changes to adapt. But for sure there will be Foxstarter, the IDO platform that incubates projects.

Q4 from Telegram user @ Диего | Diego | ディエゴ | Satoshi Club | BCCore
Currently fox swap has some kind of contest? Of memes or any other activity in which the users of your community can participate?

Eric | FoxSwap:

  1. We have 2 contests.
  2. The meme contest.
  3. Contest on our publication redesign.

You can see more details here: https://twitter.com/foxswap_defi/status/1359051242719252482

Q5 from Telegram user @ Humberto

It is in your roadmap the launching of the FoxSwap app on this first quarter of 2021. How will be integrated the $FOX token on this app and what will be the advantages of using it for making transactions?

Eric | FoxSwap:
5. There will be a lot of benefits to holding $ FOX tokens.

More details can see at the whitepaper: https://foxswap.exchange/resources/docs.pdf

Q6 from Telegram user @ Khalee

When is the public sale of the $FOX token? Is it ongoing or still in plan? Please tell us more about your token public sale?

Eric | FoxSwap:
6. Information on the public sale will be announced tomorrow. But I can reveal that the public sale will be distributed in 2 rounds.

Round 1: 20% of the allocation will be a whitelist and randomly selected eligible participants.
Round 2: 80% will be IDO.

Q7 from Telegram user @ ★Vmoon★

Will only allow ERC-20 tokens? Do you have plans to implement other types of tokens like TRC-20?

Eric | FoxSwap:
7. We will always make changes to adapt to the market. In the short term, our choice is to solve the problems on the Erc20. BEP20, TRC20, SPL, etc will be integrated in the future.

Q8 from Telegram user @ 교수의 노예

Was FoxSwap infrastructure audited?

Eric | FoxSwap:

  1. Of course, an audit is necessary, it helps to increase investor confidence. In fact, a project like ours seriously won’t let negative situations happen. But auditing is really indispensable, we will audit at a large company before the beta release.

Q9 from Telegram user @ Jacob

The FoxSwap Founders/team are public and it is great to see a DeFi project team like yours. But may I ask why reveal your identities when you can be like other projects that remain anon till now?

Eric | FoxSwap:
9. We value our customers. When using, the user needs to know which members created the platform, it is inevitable. Furthermore, we are a real project, with no reason to remain anonymous. Going public will help people have a more sympathetic look.

Q10 from Telegram user @ Ana Manzano

FoxSwap recently partnered with ICO Pantera, but was this partnership to attract more Korean users or to improve the speed of each transaction on their platform?

Eric | FoxSwap:
10. Pantera Group works with us in many roles, not simply marketing. In addition, Pantera Group also invests in Foxswap, the head of Pantera is the marketing advisor of Foxswap. We have many more resonances in the future. This is a great community

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/FoxSwap_Community
Medium – https://medium.com/@foxswap
WebSite – https://foxswap.exchange/
Twitter – https://twitter.com/foxswap_defi

AMA Satoshi Club x PUML Better Health, March 1st

We are pleased to announce our next AMA on March 1st 2021 at 11:00 AM UTC Time: Satoshi Club x PUML Better Health

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

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

Part 3: 300$ – A quiz about PUML Better Health

For more details:
PUML Better Health – @pumlofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x Trodl, February 27th

We are pleased to announce our next AMA on February 27th 2021 at 04:30 PM UTC Time: Satoshi Club x Trodl

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

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

Part 3: 300$ – A quiz about Trodl

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

AMA Satoshi Club x Digital Fitness #DEFIT , February 26th

We are pleased to announce our next AMA on February 26th 2021 at 02:00 PM UTC Time: Satoshi Club x Digital Fitness #DEFIT

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Digital Fitness #DEFIT 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. Digital Fitness #DEFIT Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Digital Fitness #DEFIT

For more details:
Digital Fitness #DEFIT – @app360wellness
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x Casino Betting Coin, February 25th

We are pleased to announce our next AMA on February 25th 2021 at 11:00 AM UTC Time: Satoshi Club x Casino Betting Coin

⚠️Click to see the hour
⚠️Total Reward pool: $3000

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Casino Betting Coin Telegram group

We will have the following structure:

Part 1: 250$ /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: 250$/15 users – Open chat for 120 seconds. You can post Max 3 questions. Casino Betting Coin Team will select 15 questions and answer them.

Part 3: 2500$ – A quiz about Casino Betting Coin

For more details:
Casino Betting Coin – @casinobettingcoin
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x Meter, February 24th

We are pleased to announce our next AMA on February 24th 2021 at 02:00 PM UTC Time: Satoshi Club x Meter

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

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

Part 3: 300$ – A quiz about Meter

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

CafeSwap x Satoshi Club AMA Recap from 21th of February

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 CafeSwap and our guest was Chef | CafeSwap.finance, the Chef of CafeSwap, and Cryptace | CafeSwap, the manager of CafeSwap. The AMA took place on 21 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 800$

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 again Satoshi Club! We are happy to announce our AMA session with CafeSwap! Welcome to Satoshi Club😀

Chef | CafeSwap.finance:
Hello, Satoshi Community.

Luis Merino 🇪🇸 | Satoshi Club:
Hello everyone! We are pleased to have the CafeSwap team today with us.

Chef | CafeSwap.finance:
Glad to be here, Thanks for inviting.

Luis Merino 🇪🇸 | Satoshi Club:
Welcome to this great community 😊👍

Chef | CafeSwap.finance:
Yes Ofcourse, It’s a great crypto community.

Cryptace | CafeSwap☕ (Won’t dm first):
Good day to the community 😊 I’m one of the managers of Cafeswap and I’ll be supporting our Chef.

Luis Merino 🇪🇸 | Satoshi Club:
Hey! It’s a pleasure to have you here.

Cryptace | CafeSwap☕ (Won’t dm first):
Thank you for your warm welcome guys❤️

Luis Merino 🇪🇸 | Satoshi Club:
So please, as an introduction, can you please tell us something about yourself and what CafeSwap is?

Chef | CafeSwap.finance:
Talking about myself, I am the chef of our cafe who prepares delicious coffee for you guys. I have started my journey in crypto in 2017 and have been exploring the market since then.

Cryptace | CafeSwap☕ (Won’t dm first):
As I’ve said earlier. I’m one of the 5 managers in our cafe and I’m glad to be part of it. 😊

Mary | Satoshi Club:
I see that you all big coffee lovers 😉 what menu do you have for your guests?

Chef | CafeSwap.finance:
We have started CafeSwap with a vision to offer a better DeFi ecosystem on the BSC chain, Which offers great yields on yield farming and we aim to bring all the scattered parts of Defi in one place.
We have a great menu to serve our users, with a wide variety of coffees brewed with excellent ingredients.

Cryptace | CafeSwap☕ (Won’t dm first):
And there will be a lot more in the future 😉

Chef | CafeSwap.finance:
In fact, we have distributed some free coffee’s to our early users🙃
Let us know when you will come to visit our cafe. We might give a special offer to all of you.☕️😉

Mary | Satoshi Club:
But we can still be early birds 😉
Thanks guys for your intro! Are you ready for the questions from our community?😉

Chef | CafeSwap.finance:
Yes, As Always.

Luis Merino 🇪🇸 | Satoshi Club:
Q1 from Telegram user @Arisabela Binance Smart Chain is becoming one of the most popular CEXes, however, as it’s said in a medium article of your own BSC is now becoming the hub of DeFi with increasing numbers of scams. So, how is Cafe Swap getting ahead of this problem to demonstrate this is the legit and well-based project?

Chef | CafeSwap.finance:
This is now our 2nd week.
Many recent projects rug pulled within 48 hours or less after they’d gained a decent amount of tvl. We experienced hardship because of this, Many People were Scared to put their money on our website. But because of the team efforts, and the support of our community.
Many developments were achieved. We Secured Partnerships and there will be more in the near future. We applied for Certik Audit and it is now listed in the Onboarding section of the Certik website, We build this project as we build trust in our community.

Cryptace | CafeSwap☕ (Won’t dm first):
We are very thankful to our community as they played a big role when we suffer from a depressing time for our project. They motivate us to do more. They made suggestions that improve our project.
We love you guys❤️❤️
We are all brewmasters☕️☕️☕️

Mary | Satoshi Club:
Certik is really cool! Do you know approximately when the report will be ready?

Chef | CafeSwap.finance:
We are already on the list of onboarding projects, The exact date of the report isn’t available but it is expected in 10 days.

Mary | Satoshi Club:
Super! It’s not too long😉
Btw, BSc was your first choice or you had thoughts to launch on another chain?

Chef | CafeSwap.finance:
Yeah not too long, Until then our users will brew some coffee. We have been a fan of Binance Smart Chain, Since the increase in transaction cost on Ethereum, The chain is developed by Binance and has a good implementation for mobile and desktop users. This is the reason we were attracted to it.
But we aren’t stopping here, as soon as we are well established on the BSC chain we will have cross-chain yield farming on the HECO chain Aswell.

Cryptace | CafeSwap☕ (Won’t dm first):
And actually, BSc network has its own potential for defi project like us.

Chef | CafeSwap.finance:
Yup.

Luis Merino 🇪🇸 | Satoshi Club:
Sounds amazing 😄

Mary | Satoshi Club:
Q2 from Telegram user @lzamg CafeSwap created the tokens BREW and CAFE. You specify that CAFE has no use case in your platform, so why create it? What are the benefits for the CafeSwap users of investing in CAFE?

Chef | CafeSwap.finance:
This is a pretty interesting question.

As said in our documentation section the main token that will be driving the ecosystem will be the $BREW token, This is the token that will be awarded as a reward to our farmers.
The CAFE’ Token is just a proof of stake token it resembles that a user has staked his/her $BREW token in the staking pool, He/She will be given the same amount of tokens that are staked by the user in the pool.

When the user unstake from the staking pool the CAFE token will be taken back from the user wallet and will be burned immediately.
Hence the token does not have a real use-case on the platform and it is not mandatory to trade CAFE’ token as you may not be able to unstake your BREW from the staking pool. This is the reason we at cafeswap do not promote trading of CAFE’ Token.

Cryptace | CafeSwap☕ (Won’t dm first):
Cafe token will determine how many brews you had staked on the website.

Mary | Satoshi Club:
Wow, did such cases have already occurred? I mean that users found that they couldn’t unstake?

Chef | CafeSwap.finance:
These cases have not encountered until now, But users may encounter this if they sell their CAFE’ Tokens in an unethical manner.

Mary | Satoshi Club:
Got it! Btw, I am getting a lot of questions 😂 what about new pools?😉

Chef | CafeSwap.finance:
We are getting these questions too, We just added the BREW-ETH pool two days ago now we have a total 5 farming and 1 staking pool.

Luis Merino 🇪🇸 | Satoshi Club:
Which ones are the pools? And their APR? 👀

Chef | CafeSwap.finance:
New partnership pools will be added in the coming weeks, Users can also earn other tokens like Ditto, PolkaDot, and many more in the coming future.

Cryptace | CafeSwap☕ (Won’t dm first):
We will add pools in the future as an agreement from partnerships and our community can propose a new pool in our governance. ☕️

Chef | CafeSwap.finance:
The Pools present now are, BREW-BNB, BREW-BUSD, BREW-CAKE, BREW-FLP and BREW-ETH and we have a staking pool where users can earn BREW by staking BREW. We had these pools in the initial days but they are disabled as of now, These pools will be re-enabled when we have enough liquidity on BREW.

Cryptace | CafeSwap☕ (Won’t dm first):
Stables are out for now as it may not give value to our token. But when we release our own dex. We will add them to the farming pool.

Luis Merino 🇪🇸 | Satoshi Club:
When will the DEX be online? 👀

Chef | CafeSwap.finance:
It is included in our roadmap, which will be released today, It is scheduled for this quarter itself. Users can enjoy the benefits of DEX aggregator as of now, Which is internally connected to PancakeSwap.

Luis Merino 🇪🇸 | Satoshi Club:
Do we have the hour for the roadmap release? 😄😄😄

Chef | CafeSwap.finance:
The roadmap will be live in less than 6 hours in our documentation section.

Luis Merino 🇪🇸 | Satoshi Club:
Do you want to add something? Or shall we move to Q3? 😊

Chef | CafeSwap.finance:
We can move on to Q3.

Mary | Satoshi Club:
Q3 from Telegram user @NALiYUWUNTi You offered a very high APR for BREW stakers, what if its price dumps due to whales selling how will you manage and control whale dumpers? Will the promised APR get affected?

Chef | CafeSwap.finance:
Nice Question! In fact, we have faced this issue in our early days.

We have added a special twist to our contracts deployed that is the emission per block or the minting of rewards per block can be changed by the owner whenever necessary. Also, we had introduced a special burning mechanism “Staking Pool Burn Mechanism” this mechanism will reduce the APR on the staking pool to make it more sustainable this mechanism will be turned off when the APR goes below 1000%. This is the only reason we have disabled the stable pools from our platform as of now.

Mary | Satoshi Club:
Which was the highest APY?😉 Tell us, I love these numbers 😂

Chef | CafeSwap.finance:
As you can see in our announcement channel. We did a reward reduction to reduce the emission, these changes will lower the reward per block and it will add more value to our token in the long run, brew will be used to farm different tokens from our project partners and we will add additional features for a burning mechanism such as Initial Dex and Farm Offering, Lottery. Etc.
The highest apy% right now is brew/flp . Flp token is from the supra team as part of the partnership agreement with them.

Luis Merino 🇪🇸 | Satoshi Club:
Please share the link to your announcement channel with us.

Chef | CafeSwap.finance:
The highest number of APR was to BREW staker’s, Which was around 6000-7000%, Now it is reduced down to <2000% after applying the “Staking Pool Mechanics”.
Yes, I will be happy to share it @cafeswapann (https://t.me/cafeswapann).

Mary | Satoshi Club:
I already saw 10000% and more😂 but just for some let’s say hours.

Luis Merino 🇪🇸 | Satoshi Club:
7000% 👀

Cryptace | CafeSwap☕ (Won’t dm first):
This was from the beginning as we’re in the early stages of our project 😊

Mary | Satoshi Club:
But for the long run, better lower and you guys are here for a long as I see😀

Cryptace | CafeSwap☕ (Won’t dm first):
Soon it will be less apy% but there will be an increase of value for brew token.

Chef | CafeSwap.finance:
You may see even more up to 100k% when we start the new pool, but it won’t last more than 10 minutes.😂

Mary | Satoshi Club:
I think this is much better for CoffeSwap project 👍

Luis Merino 🇪🇸 | Satoshi Club:
That’s the key ✨

Mary | Satoshi Club:
To be honest I saw 450000% yesterday 😂 no, it’s crazy and as you say don’t last for a long time.

Chef | CafeSwap.finance:
Yes, we want a reduced and satisfactory APR to sustain the name of “CAFESWAP” in the market.

Mary | Satoshi Club:
Ready to go to the next question?

Chef | CafeSwap.finance:
Yes, Ready and excited too😃

Mary | Satoshi Club:
Q4 from Telegram user @aym1212 You mentioned that Additional 1000 tokens will be minted by the team for airdrop and community stuff. So, I will ask you what is the participation rate of each( Marketing/Partnerships/Community Rewards/Contest)?

Chef | CafeSwap.finance:
We have mentioned that there will be an initial mint of 1000 tokens in our documentation section,
These funds will be used for constructive purposes and will be given back to the community in the form of a contest.
We have distributed 50 tokens from this allocation for the initial airdrop which was held at the start of our platform.
100 tokens from this allocation will be given out to 10 members tomorrow through a random draw of our “Holders Giveaway”.
We have many more partnerships in discussion and we have locked partnerships from some of them like Ditto Money and Supra.
The remaining funds from this allocation will be used for more contests like meme contests, video contests, and many more to come.
Please stay tuned to our social handles for more info.

Talking about the participation rate. Our team is overwhelmed by the response we are getting from the community, The initial airdrop is given to almost 230 addresses

Cryptace | CafeSwap☕ (Won’t dm first):
We want to reward our lovely brewmasters who support us and wanted them to stay with us☕️

Chef | CafeSwap.finance:
We have almost 1000+ entries in our random draw for “Holders Giveaway”, These winners will be announced on 22 Feb.

Mary | Satoshi Club:
How many holders do you have, btw?

Luis Merino 🇪🇸 | Satoshi Club:
230! Not a small number.

Chef | CafeSwap.finance:
As said we are just 2 weeks old projects, We have almost 2000+ Brew holders and 1000+ CAFE’ holders which are staker’s actually.

Cryptace | CafeSwap☕ (Won’t dm first):
2089 holders for brew token to be exact.

Mary | Satoshi Club:
Thanks for your answers! Let’s proceed?😉

Chef | CafeSwap.finance:
Yes.

Mary | Satoshi Club:
Q5 from Telegram user @sofiaisla Regarding the stake burning mechanism, you have decided to incorporate a new recording mechanism that will take place on Sundays of each week between 6 a.m. UTC and 8 a.m. UTC. Can you explain a little about that and what will it do?

Chef | CafeSwap.finance:
This is a nice question.
We believe in community and listen to the voice of our community through our Voting/Governance platform.
We have decided to allocate a 25% of the total rewards minted to our stakers but in our initial days the staking APR was too high and it was disturbing the ecosystem so one of our community members raised his opinion about it and we implemented a burning mechanism for it.

To reduce the staking APR without lowering down the reward per block we have come up with the “Staking Burn Mechanism”. Where we will contribute 20% of the developer fee generated to the staking through a special address and the whole rewards generated will be burned every week on Sunday.
This will lead to a massive burn every Sunday, where the total burn will be 70% from the dev fee we generate.
These actions were taken to lower down the APR and to sustain the ecosystem of CafeSwap.

You can find more details about it here: https://docs.cafeswap.finance/burning-mechanisms/staking-pool-burn-mechanism

Mary | Satoshi Club:
Did you already burn some?

Chef | CafeSwap.finance:
We have almost burned 7% of the total supply until now, The recent burn happened today at 6 AM UTC Where we burned 14000 BREW Tokens worth $165,000.

Mary | Satoshi Club:
Did you already have 10 mln tvl?😀 You have 8768921 now.

Chef | CafeSwap.finance:
We have touched 10M TVL at the initial days when we were having stable pools and also we had an ATH of BREW at $68 but the stable pool whales dumped the token so we disabled it.

Mary | Satoshi Club:
Understand! Hope you will double your tvl in some days😉

Cryptace | CafeSwap☕ (Won’t dm first):
Yes. They don’t have any value for our website as of now.

Mary | Satoshi Club:
Thanks for your answers! And just one 6th question left in this part😀

Q6 from Telegram user @Brainchest Every warning on the site acts on me like acid on iron, because I trust my money earned with blood and sweat. Tell me , today at 15: 00 (Moscow time) i see this
Warning: The data on this site has only synced to Binance Smart Chain block 2332537 (out of 5071273). Please check back soon.
What’s it? Poorly working contract I will make a swap and wait…. years until the data gets into the block or is it nothing to worry about?

Chef | CafeSwap.finance:
It is nothing to worry about it.
So we said before in our documentation we are pancakes was a fork and will be working to add on more features to the ecosystem to make it more sustainable and rigid,
As of now we have launched with farming and staking pools which are handled by our contracts but the exchange background is still pancake swap, We have just developed a user-friendly UI to access it with ease but the backend is connected to pancakeswap.

The error you are telling about is from the info page and there is nothing to worry about it because the info pages are used for analytics only and do not affect the overall functionality of CafeSwap.
The changes will be fixed as soon as the pancake team fixes them, This happened due to the high user influx on Binance Smart Chain in recent days.

Cryptace | CafeSwap☕ (Won’t dm first):
When we move to our own dex in the future. We will also have our own info page and we will try our best so that users won’t experience this kind of warnings or errors when using our website.

Mary | Satoshi Club:
And… Some coffe?😂 I guess you will have 120 seconds before live part😉

Chef | CafeSwap.finance:
Let’s begin the community question round😋

Mary | Satoshi Club:
Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ LI
🌟BREW has an unlimited supply and it’s controlled by various mechanisms. Can you mention the principal mechanisms and explain how they work? @CafeSwapChef

Chef | CafeSwap.finance:
To keep the farming going $BREW token has no maximum supply,It is a uncapped token to provide value to $BREW we will arrange partnerships and many other things like initial dex offering only accessible to $BREW holders, We would control the supply of $BREW token with the help of burning mechanism and reduction of block rewards whenever necessary.

Q2 from Telegram user @ Araminah

Hello 👋 @CafeSwapChef @jescajim9. What differentiate you from other yield-farming Projects out there and what’s so unique about CafeSwap that keeps you ahead from your competitors?

🔥🔥🔥🔥

Cryptace | CafeSwap☕ (Won’t dm first):
We have built cafeswap with a vision to reunite all BSC projects.
We want to build a complete financial ecosystem under one roof.
We started with yield farming and staking and we will be developing according to our roadmap.
We will bring Decentralized Exchange, Initial Dex Offering, Initial Farm Offering, Vaults to auto compound the user’s earnings in the cafeswap ecosystem.

Q3 from Telegram user @ NDee

What is the maximum time limit we can set as a timelock?

Chef | CafeSwap.finance:
The maximum limit we can set for timelock to enhance the security of our platform is of 30 days at present it is set to 12 hours and will be extended to 24 hours in near future.

Q4 from Telegram user @ Dary

I aspire to have a long-term investment in this project, but I am uncertain at the moment. How can you test and ensure that this CafeSwap project is safe and profitable?

Chef | CafeSwap.finance:
As said earlier we will be undergoing a Certik audit to secure our smart contracts after that there is <1% chance of exploit to happen, So it is pretty much a safe investment, Talking about profits the farming and staking are structured to give you profits in long run.

Q5 from Telegram user @ TakeDown

Hello @CafeSwapChef. You have a system similar to Pancake, what would the governance system be like with CafeSwap?

Chef | CafeSwap.finance:
We are the same as pancakeswap with some twist to the ecosystem to make it more sustainable and aim to become more community-oriented, so we have launched our own voting/governance platform which is provided by snapshot labs and every major project uses the same, Our users will have access to open proposals and vote on it if the proposals are sense full we will try to implement those. You can access the voting dashboard here: https://voting.cafeswap.finance

Q6 from Telegram user @ Apocan
What is your plan with CEX listing? When will it happen?

Chef | CafeSwap.finance:
We will be planning for Centralized exchange listing as soon as we get much more exposure and community support, we will get it done as soon as CafeSwap is well established. Currently, we are in touch with some good CEX’s out there for listing.

Q7 from Telegram user @ Kabir Singh

When end staking or its long lasting staking, any other benefits of this staking?

Chef | CafeSwap.finance:
The staking offered by CafeSwap is ever going there is no end to it. We will be getting more partners and more pools will be opened to offer our community a wider perspective of staking, That’s the reason our token supply is not capped because we don’t want to limit our investors base.

Q8 from Telegram user @ James01

Hello chef. Why did you choose “BREW” as the ticker and not “COFFEE” or “CAFE”, any story behind it?

Chef | CafeSwap.finance:
We planned to choose “COFFEE” as a ticker for our token in our testing phase but after a deep down research we got to know there are many “COFFEE” ticker’s out there and we had to do something different to highlight ourselves. So we choose “BREW” which was not present in the market before.

Q9 from Telegram user @ Robocop

From what I learn today from this AMA, the Cafe swap really great and good project. Can you pls share how to purchase $BREW token? Will you have a public sale or a private sale?

Chef | CafeSwap.finance:
We have ended the public sale for “$BREW” in which we have raised 175 BNB in just 1 minute, you can buy $BREW from our official exchange UI https://exchange.cafeswap.finance

Q10 from Telegram user @ Zaky Albiane

How will you ensure that you will not scam your investors or how will you avoid being rug pulled?

Chef | CafeSwap.finance:
We have been enforcing this word from the first day itself, We even had a poll to choose the security of our platform by our users, we mentioned the merits and demerits of “Migrator” and “Timelock” functions the blog is live on https://cafeswap.medium.com, We had an all-time high price of $68 and a huge TVL of 10M+ in our initial days and we dropped down up to a TVL of 0.7M and an all-time low of $2.3, If we had to rug our investors we would have done it at that time, We are here for a long time and we want to offer our investors a better and secure environment.

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/CafeSwap
Medium – https://cafeswap.medium.com
WebSite – https://docs.cafeswap.finance

AMA Satoshi Club x DeFi Wizard , February 27th

We are pleased to announce our next AMA on February 27th 2021 at 02:00 PM UTC Time: Satoshi Club x DeFi Wizard

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

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

Part 3: 300$ – A quiz about DeFi Wizard

For more details:
DeFi Wizard – @defi_wizard
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

AMA Satoshi Club x HAPI, February 22nd

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from HAPI. The AMA took place on February 22nd, 2021 and our guest was @DM_HAPI.

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

Маry Satoshi CLUB: Hello again Satoshi Club! We are happy to announce our AMA session with HAPI! Welcome to Satoshi Club😀

D. Папа Роуч: hello Satoshi clubbers! @DM_HAPI good to have you here! welcome to our club! 😊

Маry Satoshi CLUB: @DM_HAPI welcome here😉

Dona Mara | I’m #HAPI: Hi sir 🙂

Маry Satoshi CLUB: How are you today?😉

Dona Mara | I’m #HAPI: Perfect:). Super AMA at super group 🙂

Маry Satoshi CLUB: Yes! And we’re starting 🚀 Could you please introduce yourself and tell us more about HAPI?😉

Dona Mara | I’m #HAPI: So. I am a hacker who hacked hacken webpage:)

Маry Satoshi CLUB: Ahahaha😂

Dona Mara | I’m #HAPI: Why?

Маry Satoshi CLUB: And now you’re working with them?

Dona Mara | I’m #HAPI: Because that was nice way to present my idea:)

Dona Mara | I’m #HAPI: Yeap

Маry Satoshi CLUB: It’s megacool way👍

Dona Mara | I’m #HAPI: For now HACKEN is HAPI business development team. I write a code. (I am looking for new developers). Not only me

Dona Mara | I’m #HAPI: 3 hackers

Маry Satoshi CLUB: What would they need to hack?😂

Dona Mara | I’m #HAPI: My soul. So…

Маry Satoshi CLUB: 👍

Dona Mara | I’m #HAPI: HAPI is something like this

Маry Satoshi CLUB: It looks very good and safe for DeFi😉

Dona Mara | I’m #HAPI: We use data providers, oracles and GPT to prevent hacks. And protect funds

D. Папа Роуч: cool, HAPI is a guardian of DeFi👌

Dona Mara | I’m #HAPI: Ok 🙂

Маry Satoshi CLUB: Yes, funds protection is the main thing!

Dona Mara | I’m #HAPI: Yeap

Маry Satoshi CLUB: Thank you for this cool intro! Can we start with the questions from our community?

Dona Mara | I’m #HAPI: Yeap 🙂

Q1 from Telegram user @JesusFre1tes

HAPI is a blockchain cybersecurity protocol for DeFi projects. Many of the projects we know today have been attacked and constantly damaged by hackers. What are the innovative solutions that HAPI offers to guarantee 100% that this type of situation does not happen again? How do you build confidence in developers so that they can use HAPI with confidence?

Dona Mara | I’m #HAPI: Smart contract it’s like spaceship. You can’t control it after deployment. So HAPI it’s a technical way to send information about hacks. To smart contract. And prevent attacks. Not all of them. Maybe 80%

Маry Satoshi CLUB: Ok, let’s imagine i have DeFi. What should i do, how i can contact you to start protect it using your services?

Dona Mara | I’m #HAPI: You should run the new version of smart contract and add callback to our SC. About new versions. We can’t protect SC already deployed. So uni and sushi we will wait for version 3 and 2

Dona Mara | I’m #HAPI: You will ask us about hacks and we will send you information

Маry Satoshi CLUB: Got it! Is it expensive?😉

Dona Mara | I’m #HAPI: No. This is the main thingAll information is onchain . So it’s not so expensive

Маry Satoshi CLUB: As hack😂 . Did you already prevent any attacks?

Dona Mara | I’m #HAPI: Yes 🙂 but without HAPI for now :). We tested old hacks . And teach our system how to prevent that hacks

Маry Satoshi CLUB: Ok, i hope we will be secured with HAPI soon😉 it could be like a quality mark if DeFi will use your services.

Q2 from Telegram user @Karoceh

I see you have gradually issued three types of tokens, first HKN then HAI now HAPI. Are the new token issued to replace the old ones, or is each token issued meant to have its own utility?

Dona Mara | I’m #HAPI: 🙂 nope. HAI it’s HACKEN token. HAPI is an independent project. Main thing. We want to onboard HACKEN community. They are really great. Hacken foundation. So, HAPI is an independent project in hacken foundation .

D. Папа Роуч: do you have your own token or not?

Dona Mara | I’m #HAPI: Yeap. HAPI token. Already sold out:)

Маry Satoshi CLUB: Erc20?. We are late?😭

Dona Mara | I’m #HAPI: ERC20. And gateway to … To 🙂 big news 🙂 soon

Q3 from Telegram user @chzrles

Ethereum, Vechain, and Polkadot are mentioned in the list of blockchains that HAPI currently supports. But how often will more blockchains be added that can work with HAPI? Also, what does it depend on whether a blockchain works or not with HAPI?

Dona Mara | I’m #HAPI: We can add new blockchain. It’s not a problem. We are working on system. And every blockchain can add or rewrite SC and deploy it. Using our data. This is the way

Маry Satoshi CLUB: But for the beginning you choose this 3, why?

Dona Mara | I’m #HAPI: Ether, vechain and BSC – evm. The same code. Dona Mara | I’m #HAPI: . Polka will be popular. But for now polka it’s just a test. Waiting for real main net from polka 🙂

D. Папа Роуч: it is hard to protect different blockchains? or in general it’s always the same techniques and methods?

Dona Mara | I’m #HAPI: 70% the same. But not always. The use different cryptography and methods

Q4 from Telegram user @asalas95

The HAPI data provider is voted through a DAO. I would like to know, what other aspects of your projects will be chosen or determined collectively by your users? What is required to be able to participate in the decisions made on your platform?

Dona Mara | I’m #HAPI: You should have HAPI tokens and HAI tokens. Users will vote for commission, data providers, new features and proposals. We don’t use only HAPI tokens for voting

Маry Satoshi CLUB: How many tokens users should have to vote?

Dona Mara | I’m #HAPI: Voting power = HAPI*HAI^(staking period). more you have, the more your voting power .

Маry Satoshi CLUB: So, not only hold, but also stake, right?

Dona Mara | I’m #HAPI: Yeap. Hard story. But. This story will protect from money attack

Маry Satoshi CLUB: It’s true, do you have any articles about your governance system?

Dona Mara | I’m #HAPI: Yeap

Маry Satoshi CLUB: Could you share with us?

Dona Mara | I’m #HAPI: We will present it after staking goes live

Маry Satoshi CLUB: Gotcha

Dona Mara | I’m #HAPI: 28 of February

Маry Satoshi CLUB: Six days, we can wait😉

Dona Mara | I’m #HAPI: I can only write code :). If I told you all secrets. Hacken will find me. And kill:))

Маry Satoshi CLUB: Hope, it’s a joke😂 we need you alive. Everyone do what he do best😂

Dona Mara | I’m #HAPI: Cooking:). But should write code

Маry Satoshi CLUB: I did it good before i got into crypto😂

Q5 from Telegram user @konditer_rolex

Perhaps I do not quite understand what you are doing, but it seems that your smart contracts are potentially dangerous for all of us. Where is the guarantee that there will be no erroneous locks?And who can guarantee that whoever has access to the contract does not block ALL funds on the hot wallets of the exchanges and does not require a ransom? Moreover, DEX is so called because they give freedom of action and your contract will deprive them of their advantages. Your contract is designed to protect the reputation of exchanges, and who will protect us from your smart contract?Who will decide what locked assets can be unlocked?

Dona Mara | I’m #HAPI: It’s really not so easy to protect all of CEXs DEXs and SC. And do not block real users. So we use white listings. We don’t block address at the first stage. Just make transaction hold on 12 or 24. Hours. So SC and exchanges have time to get more details about hack. And make good decision. And DAO can recall any blocked address. And DAO can block data provider. So data provider will get big reputation risks. This is how it works .

Маry Satoshi CLUB: If exchange make a bad decision? No one is perfect. Don’t you think that the main crypto rule about decentralisation will be violated?

Dona Mara | I’m #HAPI: Exchanges will not make any decisions. Only data provider

Маry Satoshi CLUB: What about decentralisation?

Dona Mara | I’m #HAPI: Community will vote for data providers

Маry Satoshi CLUB: It’s a way😀 And ok, we are talking about hacks. But what about another attacks?

Dona Mara | I’m #HAPI:security – decentralization.  need to be somewhere in between

Маry Satoshi CLUB:Or, for example, when personal funds were stolen? Have you ever think about this protection?

Dona Mara | I’m #HAPI:Yeap. we think of many types of hacks. And HAPI it’s not only about SC protection . We are very careful about security.. And about new features

Маry Satoshi CLUB:And my personal question – if my funds were stolen can i do something? Is any way in which i can mark that address like suspicious?

Dona Mara | I’m #HAP:It’s almost impossible:)

Маry Satoshi CLUB:Ok, so there is no safety for personal funds. If exchanges are in some ways protected, our personal funds 🤷

Dona Mara | I’m #HAPI: Not your keys- not your money. If something goes wrong with exchange

Маry Satoshi CLUB: Exchange is responsible, if with yours – you😂

Q6 from Telegram user @Indomiekuy
From the result of your collaboration with HAI (Hacken), you have created product HAPICORN. Can you introduce to us what function from your product HAPICORN have? And do you have plan with another partnership in the future?

Dona Mara | I’m #HAPI: HAPICORN it’s hapi 🙂

. It’s only message about future capitalization:)

Маry Satoshi CLUB: very promising message:). We are prepared for this and i am really happy that we have this ama today!Does Hapicorn ready for live part?

Dona Mara | I’m #HAPI: No 🙂

Part 2 — live questions from the Telegram community

Q1 from Telegram User @cengizhantekin

✅ Oracles are categorized as First Party and Second Party Oracles. First Party Oracles do not require an extra layer. Since HAPI is an “onchain” cybersecurity protocol, can we call it as First Party, and consider it faster? Do you need an interlayer for serving or getting data?

Q2 from Telegram User @highpee

🙋‍♂️Hello Dona

Can we say HAPI is a white hacker protocol or a bug hunter for smart contract? And do you offer any other Defi related services like staking, governance, liquidity mining also, or the work you render is only limited with security and safety of smart contract

Q3 from Telegram User @konditer_rolex

You said that you trust UnisWap, but everyone knows that there was a case when funds stolen on Kucoin were laundered through UnisWap. Will you continue to trust Uniswap knowing that they can block your money?

Q4 from Telegram User @cryptoflower13

🌼 How much does it cost for a project to integrate and work with HAPI, is it expensive?

Q5 from Telegram User @sirdefi

〽️ You claim that upon request from exchanges, the service will log all suspicious addresses on the blockchain and will have a ban period varying from 12 hours to a permanent ban. My question is: What do you call a suspicious address? Do you have criteria for choosing them or will this all be subjectively selected? How do you ensure that you are not blocking an address of someone who is doing nothing wrong? Lastly explain to us if you would be so kind how they decide how much ban time that string deserves.

Q6 from Telegram User @MCBTrade

In the last year, even the largest stock markets have been victims of cyber attacks. Does HAPI analyze these attacks and update or improve?

Q7 from Telegram User @apocan99

HAPI blocks the movement of stolen coins between DeFi and exchanges. But how does it understand it is stolen, automatically or is it triggered manually when needed?

Q8 from Telegram User @NataliyaKil

One of the functions of the HAI token is to pay when the audit status of a DeFi project is submitted to a single reporting center to confirm that they have passed a security audit.
I have a question! Is the payment in this case fixed for all DeFi or does it depend on something? And where should these DeFi get HAI from?

Q9 from Telegram User @shihadk9074

Can you outline the strategy around business development? Will HAPI be starting for scratch or does HAPI already have a MVP that can be tested by DEXs and DeFi projects today? Who are you planned technology partners outside of VeChain?

Q10 from Telegram User @mujeeb2215

A Blockchain is a database stored on multiple computers at once. So, how can HAPI record this data into the blockchain?
How does HAPI receive hacked reports on exchanges / wallets?DeFi has taken the world by storm this year. What excites you the most about DeFi?

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of HAPI. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

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

Our partners:

Website https://hapi.one/