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 Deri Protocol and our guest was 0xAlpha and Dev (Will not DM for ETH). The AMA took place on 16 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 1000$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

0xAlpha:
Hello, my fellows from Satoshi Club. How you are guys doing?

D. | Satoshi Club:
Hello! welcome to Satoshi club!

Andrés M. | Satoshi Club:
Welcome, we are so happy to have you here with us.

D. | Satoshi Club:
Our guests today – @im0xalpha @dev_deri ! 😇 Let’s begin our AMA with intro🙂 could you guys please introduce yourselves and Deri Protocol😇

0xAlpha:
Deri is a decentralized protocol for users to exchange risk exposures precisely and capital-efficiently. It is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on-chain. This is achieved by liquidity pools playing the roles of counterparties for users. With Deri protocol, risk exposures are tokenized as NFTs so that they can be imported into other DeFi projects for their own financial purposes. Having provided an effective on-chain mechanism to exchange and hold risks, Deri protocol has minted one of the most important blocks of the DeFi infrastructure. Or, in one short phrase, Deri is an Uniswap-like BitMEX.

D. | Satoshi Club:
Nice, this sounds cool 😄 Can you tell us a bit about your team as well?

0xAlpha:
Deri Protocol is designed and developed by DeFi Factory, which is a team of experts in finance, math, and computer science. The core members have Ph.D. degrees in science and come from Wall Street. The founder 0xAlpha (i.e. me) has worked in Deutsche Bank, Goldman Sachs, and a hedge fund, with in-depth experiences of derivative pricing/trading/structuring. The team has been in the crypto trading and solidity programming field for several years.

D. | Satoshi Club:
Got it! so you prefer to stay anonymous?

0xAlpha:
So the keywords you need to remember is that this is an elite team of top-level of finance, math, computer science.

Andrés M. | Satoshi Club:
That’s great, a strong team that people can trust. @dev_deri what about you? 😃

0xAlpha:
It’s not anonymous. I, 0xAlpha, am the founder. and you can find me on my personal Twitter (@0x_Alpha). feel free to follow and message me.

Andrés M. | Satoshi Club:
“Risk exposures are tokenized as NFTs” could you explain us a little bit this part?

0xAlpha:
That’s a great question!

Dev (Will not DM for ETH):
We’ve been a part of crypto for few years and have understood that DeFi is definitely ready for a complete turnaround. Traditional finance can’t innovate like the rest of crypto. Within the DeFi space, we’ve identified derivates to be of key interest within the Dex format. This is why we are working with Sushi and other DeFi teams to build a long-term viable product and reduce dependency on the CEX.

Andrés M. | Satoshi Club:
Thank you for the introduction Dev, nice to meet you 💪

0xAlpha:
Composability is one of the keys of DeFi project. the way to achieve composability to through tokenization: to have the core element tokenized.

D. | Satoshi Club:
Nice! Actually, we have a question about NFTs in the first part of our AMA, so you can talk and explain more about this a bit later😉

0xAlpha:
In the case of Deri, which is a solution of derivative, risk exposure is the essential element dealt with through the whole system. Hence, risk exposure is being tokenized as NFT. And the reason this is tokenized as NFT is everybody’s position (and thus risk exposure) is different from others. That is why it’s NFT, instead of a fungible token like ERC20.

Andrés M. | Satoshi Club:
Then let’s proceed with the first question of part one, @im0xAlpha and @dev_deri are you ready? 😃

0xAlpha:
Cool. Can’t wait!

Andrés M. | Satoshi Club:
Thanks for the clarification.

D. | Satoshi Club:
Thank you guys for the great intro!

Q1 from Telegram user @alice_wonderland12
Deri Protocol is a decentralized protocol to exchange risk precisely and capital-efficiently, would you explain in more detail what is considered capital efficiency in Deri Protocol and what tools of the platform will allow users to achieve it?

0xAlpha:
Great question! Capital efficiency means, to achieve a certain financial purpose, you would prefer to have as little money held as possible. for example, you want to have a risk exposure of 1 million USD of the stock market, you need to actually put $1M if holding stocks but you might achieve that with only $100K by using derivatives like futures. Basically, that is done by leverage. so leverage is something built-in with derivatives. Deri provides leverage just like other derivatives (e.g. the perpetual contracts on BitMEX), thus it achieves high capital efficiency. And this is in comparison with some other DeFi projects that are sometimes referred to as a derivative solution, such as Synthetix, which does not provide leverage and thus it does not provide the same capital efficiency. (that being said, Synthetix has its value just a synthetic asset solution. just not good for derivative).

Andrés M. | Satoshi Club:
How much is the maximum possible leverage you provide?

0xAlpha:
Deri itself is a protocol. whereas the max leverage is a parameter of every single liquidity pool. For the first several pools that are being rolled out, this parameter is set as 10 (i.e. initial margin = 10%).

D. | Satoshi Club:
I have never worked with derivatives, can you explain for such a rookie as me (and for other newbies in the Satoshi club) how to start working with them by using your platform? In a less risky way.

0xAlpha:
Sure. Say you think BTC is gonna go up and would like to profit from this prediction. One way to do that of course is to buy BTC. However, the derivative way to achieve that is to open a LONG position with Deri’s BTCUSD pool. Then you will make a profit if BTCUSD goes up as predicted (but lose money if you are wrong).
As for the risk concerns, you just need to manage your position and be careful with your leverage.

D. | Satoshi Club:
Got it! good explanation 😊👍 Thank you for the answers! ready for the next question?

0xAlpha:
Another way of using derivative is when you would like to hedge your risk on BTCUSD’s price fluctuation, then you enter a position of the opposite direction of your existing risk exposure.
Yes, please.

D. | Satoshi Club:
Q2 from Telegram user @yellowchamp
Can you describe a little bit about the TVL Race event in Deri Protocol? How do these events work? What are the requirements and qualifications in joining this race? What are the benefits we can get in participating TVL Race? Can you also site some pros and cons of this race? Thank you.

0xAlpha:
TVL race is to prepare liquidity for the trading pools. Basically, we have pools with 4 different base tokens (USDT, BAC, BUSD on BSC, HUSD on HECO), and you can choose any of them to deposit the corresponding base tokens for staking. Depending on their time of reaching the target TVL, there will be 1st/2nd/3rd places, which will be awarded 1.5M/1M/0.5M DERI.

Dev (Will not DM for ETH):
https://twitter.com/deriprotocol/status/1358866366162374658?s=21. Users can still join the TVL race. 2nd and 3rd spots are still up for grabs.

0xAlpha:
To join the race, you can just go to the website and choose a pool to deposit the base tokens.

D. | Satoshi Club:
What is the minimum for deposit?

Dev (Will not DM for ETH):
The TVL race is basically rolling out Pre mining for the community to get familiar with Deri Protocol & its pool-based interactions. It attracts liquidity before the trading pool (for perpetual contracts) launches so we kick off with liquidity from the first block. The pros are there is no risk, it is simply staking

0xAlpha:
Right, you can find more details from this link. 100 of the base token (e.g. 100USDT).
Exactly.

Andrés M. | Satoshi Club:
What about if the price of the token changes abruptly while staking, people can redeem their tokens quickly?

D. | Satoshi Club:
Gotcha, so lots of people have chances to join 👌

Andrés M. | Satoshi Club:
Or they should wait to do it?

D. | Satoshi Club:
They can use stablecoins 😉 in this case, right?

0xAlpha:
Does this refer to the base token? yes of course you can withdraw your stakes at any time. there is a small redemption fee (0.2%) tho. but if you wait until the remaining ends, the redemption fee will be 0.
yes, all 4 racing pools are stablecoins. The only one not that stable is BAC, but it’s not changing too much during the time.

Andrés M. | Satoshi Club:
Oh great, so how much is the APR of each of them?

0xAlpha:
Let me simply put a snapshot for this question. the first 4 pools are the racing ones.

D. | Satoshi Club:
Thank you guys for the info! now we know everything about TVL Race 😊Ready for the next question?

0xAlpha:
Yep.

D. | Satoshi Club:
Let’s go!

Q3 from Telegram user @Arisabela
Deri Protocol developed a very complete ecosystem using three chains: ETH, BSC, and HECO. It surprises me that even having three different chains you are still basing the whole fees system on the Ethereum blockchain. Will it change in the future? How is Deri Protocol a reasonable gas-economic platform?

0xAlpha:
DERI will be an ERC20 token for sure. However, there will wrap DERI on BSC & HECO, just like there is WBTC on Ethereum. This is to make the mining on BSC and HECO more convenient while keeping them in one unified ecosystem. it will always be “3 Chains, 1 Ecosystem”. Deri is reasonably gas-economic since we keep that in mind when designing the whole system.

D. | Satoshi Club:
It’s very cool that you supporting BSC and HECO chains, it should attract more users who not ready for such a high gas fee on Ethereum at the moment.

0xAlpha:
Most of the actions cost around 100,000 gas per action. The most expensive action is trade-with-margin, the combined action of trade and post margin, which costs around 200,000 gas per action. If you are to trade frequently, it is encouraged to post sufficient margin to your position (i.e. your pToken) and carry out “simple trades” without adding/removing margin every time, which would cost around 100,000 gas per trade. If you do not have a clear sense about how much 100,000 gas is, this is for your reference: the minimum gas consumption of a single transaction on ETH blockchain is sending ETH, which costs 21,000 gas per transfer, while a common basic transaction like sending ERC20 token (e.g. USDT or DAI) costs around 40,000~60,000 gas. That is, a single operation with Deri consumes only around twice as much gas as a simple transfer of ERC20 token.
Yes, that is one of the important reasons we support BSC and HECO. And let’s not forget to mention that, we are working on layer2 solutions too, to further reduce gas cost on the Ethereum network.

Andrés M. | Satoshi Club:
Are you in contact with Binance to list DERI? Or maybe with other big exchanges?

D. | Satoshi Club:
Oh, this is nice, and when we will be able to use layer2 on your platform?

0xAlpha:
Haha, this is kind of confidential for now. but I can tell you we are in good relationships with the big exchanges, including Binance. Deri has got a lot of help from the BSC team and they are super interested in Deri becoming THE derivative solution on BSC. Just imagine what’s Binance’s role gonna be in that play. We are aiming at 2021 Q2.

D. | Satoshi Club:
Q4 from Telegram user @KevSalom
What is the reason you have decided to represent the positions taken in the form of NFTs? What are the advantages of doing it this way and not with a fungible token? I would also like to know what we can do with them and if we can sell them in the NFT marketplace.

Q5 from Telegram user @Antoni_azx
Deri is using a real derivative that calculates the users’ positions with mark prices updated by an oracle, what type of oracle is Deri Finance using? Do you have a partnership with any Oracle from the actual market?

Andrés M. | Satoshi Club:
@dev_deri could you help us with this one? 😃

0xAlpha:
I talked about that a little bit. the reason is everybody’s exposure will be different, depending on your volume, entry price, margin(leverage). Only an NFT can meet that purpose. a fungible token simply cannot represent a derivative. As for the use-case, You can hold or transfer it. if you are building a defi project, you can import a Deri Position token into your own project to serve your financial purposes. And of course, you can sell them in the NFT market.
It supports two kinds of oracle: on-chain oracle smart contract or off-chain oracle server. right now we are using our in-house oracle solution but we are talking to a number of oracle teams regarding this.

Andrés M. | Satoshi Club:
Maybe is a chainlink in that list? 😅

0xAlpha:
Say you have a portfolio and you want to adjust the portfolio’s exposure to BTC, then you can hold a position NFT of BTCUSD from Deri to achieve that.
Chainlink currently does not work well for derivative as the latency is big (~30min) and it’s too expensive (1LINK per query). We are working with some oracle solutions better for derivatives.

D. | Satoshi Club:
Q6 from Telegram user @kherrera22
DERI plans to launch its own exchange in the near future. Regarding the type of trades you plan to incorporate in it, are you going to include trading between all types of tokens, or only those between stable coins and project tokens that have a good solidity in terms of liquidity?

Dev (Will not DM for ETH):
For sure, solid liquidity is definitely required as we aim to cater to the large whales who trade derivatives for major crypto assets. As we are working with Sushiswap and other stable coins within its ecosystem, we aim to introduce users to perpetual trading where they can use these unconventional stablecoins to trade on Deri.

D. | Satoshi Club:
Thank you for the answers in part 1! @im0xalpha @dev_deri we will open chat for 2 minutes after the chat will be closed – you can start select questions from Satoshi Сlub members! 😇

0xAlpha:
Deri is not for spot trading like uniswap to exchange between token pair. Instead, Deri is for derivative trading where you put some base token (eg USDT) as margin and bet on some underlying (say the price of BTCUSD or DeFi-index).

0xAlpha:
Yes, I can’t wait for “the raining of questions”

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Sen

Deri protocol slogan says that is the ” DEFI way to trade derivatives” but the only derivative trading that is mentioned in your website is Margin, so my question is: how many types of Derivates Markets Deri Protocol is capable to support?

0xAlpha:
This one is good.
The first stage we are supporting Perpetual contract. Going forward, we will roll out futures with expirations and options.

Q2 from Telegram user @ Sonia

How is the Deri protocol funding rate calculated to balance the long and short sides of positions?

0xAlpha:
Great one!
Basically, the majority side positions need to pay the minority side positions. So some arbitragers will simply take the minority side to earn the funding fee, and then, the two sides are balanced.

Q3 from Telegram user @ Ivan Prishepa

How will 1 billion DERI tokens be distributed? Are there locks for early investors and the team? What percentage of tokens are dedicated to liquidity mining and community rewards?

Dev (Will not DM for ETH):
40% of the 1 Billion Deri tokens are locked and linearly vested across the span of 2 years. 60% of the tokens are rewarded for liquidity mining. You can find more details on the tokenomics in the FAQ on Deri.finance

Q4 from Telegram user @ Boylut

Do you really think it’s possible to reduce dependency on the CEX? How will this be achieved? @im0xAlpha

0xAlpha:
Another good one.
I think CEX is good. it’s just the DeFi world needs organic and built-in solutions for derivatives. For that purpose, CEX can do little. Deri is not to get rid of CEX. Part of Deri’s functions might depend on CEX too. For example, the arbitragers on Deri might put their hedging position on CEX. So, in short, I think CEX and DEX will live together.

Q5 from Telegram user @ Pro Trader

How can I Deri token and stake it for the long term? Do I have to buy it from your smart contract address? What is the link to that?

Dev (Will not DM for ETH):
Deri token is available on Sushi, Hotbit, 1inch. You can stake it on Sushi for SLP tokens are stake that on Premining.deri.finance for more Deri tokens.

Q6 from Telegram user @ An Angel

I’d like to see some airdrops from you for users who hold Deri tokens. What do you say about this?

Dev (Will not DM for ETH):
We are already doing something very similar to an airdrop with premining.deri.finance. I suggest you check it out as it’s the simplest way to get some Deri before the event gets over 🙂

Q7 from Telegram user @ Batuhan ŞİMŞEK

Can you explain why the Deri Protocol might be attractive to arbitragers?

0xAlpha:
If you (an arbitrager) handle your position right, it’s quite simple for you to make a profit – to earn a funding fee. you simply take the minority side on a Deri pool and hedge your position somewhere else.

Q8 from Telegram user @ Albatros

Why sushi and not uniswap?

Dev (Will not DM for ETH):
We like the vision of Sushiswap and how quickly they are able to turnaround with new projects. We have been listed for their Onsen farms, which is where LPs for the DERI are able to get Sushi rewards as well as Deri. Dual mining via Sushiswap.
*our Onsen pair is expected to roll out by late February

Q9 from Telegram user @ STP

How is Deri protocol protected from flash loan attacks?

0xAlpha:
Another great question.
In every single step of Deri’s trading mechanism, we carefully designed it so that it’s flash loan-proof. We are flash loan experts that we even suggested some solutions for the Sushiswap team to improve their oracle solution while remaining flash loan-proof.
Plus, our code is audited by Peckshield. During the audit, flash load attach risk is on top of the priority to check.

Q10 from Telegram user @ Anisur Rahman

Who have the right to change/add pool on your website? Is it possible to create a pool by myself?
@im0xAlpha
@dev_deri

0xAlpha:
Great one.
In the launching stage, the team is in charge of that.
Going forward, this will be open to anybody, but maybe with an auction procedure where people need to use DERI to bid for the right to launch a pool.

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/DeriProtocol
Twitter – https://twitter.com/deriprotocol

We are pleased to announce our next AMA on February 20th 2021 at 02:00 PM UTC Time: Satoshi Club x Vulcan Forged

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

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

Part 3: 800$ – A quiz about Vulcan Forged

For more details:
Vulcan Forged – @veriarti
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on February 19th 2021 at 11:00 AM UTC Time: Satoshi Club x Polkabase.Finance

⚠️Click to see the hour
⚠️Total Reward pool: $75

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Polkabase.Finance Telegram group

We will have the following structure:

Part 1: 125$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 125$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Polkabase.Finance Team will select 10 questions and answer them.

Part 3: 500$ – A quiz about Polkabase.Finance

For more details:
Polkabase.Finance – @PolkabaseFinance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on February 22nd 2021 at 02:00 PM UTC Time: Satoshi Club x Oddz

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

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

Part 3: 300$ – A quiz about Oddz

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

We are pleased to announce our next AMA on February 22nd 2021 at 11:00 AM UTC Time: Satoshi Club x HAPI

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

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

Part 3: 300$ – A quiz about HAPI

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

We are pleased to announce our next AMA on February 19th 2021 at 04:30 PM UTC Time: Satoshi Club x CocktailBar

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

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

Part 3: 300$ – A quiz about CocktailBar

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

PART 1. Introduction of LiftOFF project and community questions.

Hello, Satoshi clubbers and guests of this site. We are happy to present you with a project called LIFTOFF. It is a fully decentralized self-service ERC20 launchpad and token sale platform. It carries three innovations to protect buyers in token sales. 

The plan of AMA session:

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

The reward pool is 800$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster and Andrés M. | Satoshi Club – @AndresM77

The Representative of the project:

Professor T. S. C. Lowe – @Professor_TSCLowe – Self Made Scientist, Chief Aeronaut, Failed Medicinal Practioner.

Introduction of LiftOff.

Mary | satoshi club:

Hello, satoshi club! We are happy to announce our ama session with liftoff! Welcome to satoshi club😀

Andrés m. | satoshi club:

Welcome to this ama session, how is going your day?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Thank you for the warm welcome, my friend, I am very grateful for your invitation to the esteemed satoshi club.

I am enjoying a cool but sunny morning and feel quite excellent, thank you. How goes your day?

Andrés m. | satoshi club:

It is an honor to have a professor among us 😃, we hope to learn a lot about crypto and liftoff

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Certainly, and i am excited to see the many insightful questions & fruitful conversation that is sure to occur!

Mary | satoshi club:

So, let’s start 🚀 professor! Could you please introduce yourself and LiftOff project 😀

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I myself am the inventor of liftoff’s three innovations for the protection of token sale buyers which was built in partnership with the lid protocol team. I have worked on a variety of excellent DeFi projects and my research has primarily centered around improving the efficiency of capital markets.

Andrés m. | satoshi club:

Aeronautical engineering is an exciting and complicated profession, where did you study it?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

My character & name are derived from professor tsc lowe who was the first chief aeronaut of the union balloon corps in the civil war. He was a great inventor and western individual who advanced many different fields in his day, aside from that of medicine. I strive every day to meet that self-same innovative spirit.

Andrés m. | satoshi club:

Ohh got it, it is like a tribute to such a big person

Mary | satoshi club:

Great partners, I need to say! We had ama with lid protocol 😉

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed, and the evolution of the lid protocol’s technology is outlined fully in the whitepaper, although I may go into detail if you desire.

As I am certain you are aware, many Token Sales experience various types of Scams. While LIFTOFF does not provide perfect protection as nothing can prevent a Developer from Indolence except his own Discipline, its Three Innovations provide far greater Protections than any other launchpad to date.

Mary | satoshi club:

Yes, we are very aware of this😂

Andrés m. | satoshi club:

Could you describe these three innovations shortly? 😃

Professor t. S. C. Lowe | aeronaut engineer @ lift:

The three innovations are the following:

☞ crash insurance

☞ gradual payments

☞ free liquidity

Mary | satoshi club:

Is your team big? Do you have team members from lid protocol?😉

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I am working closely with the lid protocol team and i consider liftoff to be as much their project as mine. We have 3 expert-level developers and 3 other team members performing the other vital functions.

Mary | satoshi club:

Super! Great team!

Andrés m. | satoshi club:

Excellent, later i think we will go deeper into it.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Yes, and it is all fully outlined in the whitepaper with the vital technical documentation at the following address:

Whitepaper.liftoff.eth.link

Andrés m. | satoshi club:

Thank you for the info 💪

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Crash insurance guarantees a floor for all tokens in every sale in liftoff. Anyone may redeem their tokens for eth at the original price of the sale minus a 2% fee. This insurance covers 100% of tokens for the first week after the sale and a declining amount for the following 9 weeks until it fully expires.

Mary | satoshi club:

Cool!👍

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Gradual payments relate to how developers & promoters are paid. First, they receive no tokens from the sale so there is no risk of insider dumps. They must buy their tokens at the market rate from their raised eth. Furthermore, their eth payments are 10%/week and reduced by insurance redemptions.

Free liquidity allows 110% of the sale to be allocated instead of 100%. This is derived from locking Xeth liquidity in Uniswap instead of WETH liquidity. Xeth, from xlock & inspired by a rootkit, allows the creation of free liquidity when liquidity is permanently locked as is the case with liftoff.

Andrés m. | satoshi club:

Among so many projects, the differentiating characteristics are very important, great work 👏

Mary | satoshi club:

Thank you for the great intro, professor 😀

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed, the development team has a long background in DeFi as well as earlier blockchain technologies extending back several years.

Mary | satoshi club:

Wow!

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I will admit that of their projects liftoff is by far the most advanced & interesting, and the entire team is proud of the work they have done.

As you may know, liftoff was audited by Halborn which is the same security firm for Coinbase, stellar, and bancor. They specifically praised our unusually high code quality & the extraordinary levels of automated testing we conducted.

In addition to automated testing, liftoff was also tested extensively live on Ropsten which you yourself may test by simply connecting to the Dapp on the Ropsten network.

Liftoff.eth.link

Andrés m. | satoshi club:

How long ago was it audited?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

It was audited in the first week of January.

Andrés m. | satoshi club:

Excellent, it is a very important detail to generate trust in users

Mary | satoshi club:

Do you really have to be proud of your work😀 when it will go live? Or it’s already live?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

The platform has been live for about one month although it is not yet widely used, which brings me to an important topic, the $lift token.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

The sale of the $lift token is currently available on the liftoff platform at the following link and will remain open until the hard cap is reached or the remaining 2 days on the timer runs out.

Https://liftoff.eth.link/#/project/lift-15

Andrés m. | satoshi club:

Anyone can participate or are there some minimum requirements to participate?

Mary | satoshi club:

How much already collected?😀

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Lift is the platform token for liftoff and complements the liquidity token lid.

We have currently reached 101 ETH putting the sale just over the soft cap. The hard cap is 650 eth.

Mary | satoshi club:

Sometimes the main investors are waiting till the last minutes 😂

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed. I myself do not approve of this practice as it leads to gas wars but each individual must make their own decisions for managing their own portfolio.

Andrés m. | satoshi club:

Satoshi club whales have been waiting for it 😁

Professor t. S. C. Lowe | aeronaut engineer @ lift:

There are no limitations, although each user must sign an attestation that they are allowed to participate in their jurisdiction. This attestation is automatically displayed to the user when they request to deposit into the sale.

Mary | satoshi club:

Do you check IP address?😀

Andrés m. | satoshi club:

Thank you for the clarification professor

Professor t. S. C. Lowe | aeronaut engineer @ lift:

As liftoff is radically decentralized, this is not technically possible. Liftoff is hosted on ipfs with ens domains. It is true this creates some additional challenges to connect on occasion, as the ipfs peers can be unreliable. The great advantage is that of decentralization & no risk of central parties intervening with the platform.

Mary | satoshi club:

Got it😀 just attestation.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Of course $lift should be open to all, along with its benefits!

Mary | satoshi club:

You know, i am a bit afraid that you will answer all questions from our community before we ask them😂

Andrés m. | satoshi club:

Haha time to part 1

Mary | satoshi club:

We collected some questions and they are ready for the first part of our ama😀

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Excellent. Let us move forward!

Andrés m. | satoshi club:

Let’s go🎉

Preselected questions about the LiftOff DeFi project.

Andrés m. | satoshi club:

Q1 from telegram user @xusuo

Your username is professor t.s.c lowe, are you a professor? Btw I can’t found any info regarding the liftoff team on your website, how big is your team, and I hear that liftoff is an anon team. As I know people afraid to do invest in a project with an anonymous team, can you give an explanation about this?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

An excellent & insightful question relating to how one can be certain they can trust in the team. Liftoff is built on the pure tradition of cypherpunk principles & all our team members & community are encouraged to remain pseudonymous.

Mary | satoshi club:

So, we should trust the code? 😉

Professor t. S. C. Lowe | aeronaut engineer @ lift:

You are quite able to trust the code, as I mentioned it is audited by Halborn which is the best blockchain security firm to currently operate. You may visit their site here: halborn.com

Liftoff is built by the lid protocol team, which while pseudonymous has a history of building excellent technology and diligently performing their duties as possible. For instance, their previous iteration of the launchpad, lid simplified, became plagued with soft exits, and the team chose to retire the project and forgo any future revenue from it.

Mary | satoshi club:

It has sense 🙂

Andrés m. | satoshi club:

What if the project gets too big? In that case, would you consider leaving anonymity?

 

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I will never forgo my values as they are fundamental to my identity. I believe that facebook was the greatest tragedy to arrive on the internet and we must purge ourselves of the ideas that it has brought with it.

Andrés m. | satoshi club:

I agree with you on that

Mary | satoshi club:

Then Insta, TikTok and there is no secrets🤷

Andrés m. | satoshi club:

Privacy is one of the most valuable features we have

Professor t. S. C. Lowe | aeronaut engineer @ lift:

That said, social validation by pseudonymous agents has great value itself, and i believe in the case of liftoff the team has demonstrated its skill on a technical level. I freely admit lid protocol has experienced less success in marketing but this is much easier to fix than technical issues.

Of all the launchpads released to date, only lid protocol has never experienced a mint attack due to the diligence of its team to inspect the token contracts carefully.

Liftoff further advances the technology by providing some fundamental protection against soft exits, where the developers run a sale then immediately delete their social media channels.

Mary | satoshi club:

We respect and understand your ethos😀

Professor t. S. C. Lowe | aeronaut engineer @ lift:

But perhaps we are drifting from the original question now!

Mary | satoshi club:

A bit😉

Andrés m. | satoshi club:

Great explanation professor

Mary | satoshi club:

Nice stickers.👍 Ready to proceed?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Thank you, liftoff is serviced by some of the most excellent artists both on the team & contracted. Yes, let us continue!

Andrés m. | satoshi club:

Q2 from telegram user @arisabela

 liftoff is the third presale platform developed by lid protocol. So, in your experience what are the best strategies to have a successful pre-sale? How is it going to be for liftoff?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Excellent question, especially as a careful inspection of the previous lid simplified’s successes & challenges illuminate many design decisions for liftoff.

First, a successful launchpad must have an active & vibrant community. This is why we are launching the lift token. You may have noticed no eth is allocated to myself or the lid protocol team from the sale, it is entirely designed to create community.

Mary | satoshi club:

Yes, we noticed 😉

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Second, a successful launchpad must take care of its community. Liftoff does so through its three innovations to stop soft exits. Even if a launchpad performs perfectly on a technical level if the community fails to earn a decent return on the sales they will leave and go elsewhere no matter the reason.

Mary | satoshi club:

To participate in pre-sales do I need to hold a lift?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

No lift holdings are required to participate in presales. If you hold 1 lift and are whitelisted to join the lift tier 1, you are eligible to receive the following benefits:

☞ 3% airdrop from all sales, distributed proportionately to holdings,

☞ access to private channels with project reviews, both on & off liftoff, and

☞ voting rights to verify sales of unusual quality.

In addition, we have just announced the lfty artworks which will be airdropped to early lift tier 1 members & lift sale participants. You may view the first set of minted artworks on open-sea: https://opensea.io/collection/lfty

Mary | satoshi club:

That’s great and make the life of pre-sales hunters much easier 👍 We will have the next question about this, btw😉

Andrés m. | satoshi club:

Amazing NFT designs, great work

Professor t. S. C. Lowe | aeronaut engineer @ lift:

We will be continuing to add more benefits & tiers as the community grows in size & scale, including exclusive early access with bonuses to sales and many other features.

I must give thanks again to our excellent team of artists. I am a strong believer that art & technology are much more closely coupled than many realize.

Mary | satoshi club:

Can we bring it here?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Yes, please do!

Andrés m. | satoshi club:

Btw, which markets are focused on? I mean, how many communities do you have?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

The lift tier 1 requires at least 1 lift to join which is a substantial amount of capital for many individuals. Accordingly, we are originally targeting heavy crypto & launchpad users across Asia, the Americas, Europe including Eastern Europe and Russia. We plan to expand the market with cheaper tiers over time, but building a network of relatively high net worth individuals to start the community is critical to sustainable growth.

Of these communities, i must give special thanks to our communities in southeast Asia, east Asia, North America, and Europe as each of these have been especially active in liftoff to date.

Andrés m. | satoshi club:

Thank you for your answer, are you ready for the next question?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I am quite ready, let’s move on!

Andrés m. | satoshi club:

Q3 from telegram user @highpee

You have a strict requirement before members can benefit from liftoff and you have grouped members into tiers. What criteria do you consider in grouping members into tiers and what are the benefits for each level of membership? Which of the membership level will be eligible to receive the NFTS artwork you have prepared for early supporters and what can the received NFTS will be used for? In addition, members will also benefit a 3% airdrop from each successful sale on liftoff. Will the airdrop be in $lift or in the native token of the launched project?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Excellent question. The tiers are tied directly to lift holdings. There is only 2000 lift so the initial tier 1 is quite exclusive especially as the value of lift experiences growth.

The lower tiers will be released as the value of lift grows so that it is possible for continued expansion of the community without lowering the said quality of the community. For instance, if the lift token were to increase in value by 10x, we would consider adding a tier 2 at 0.1 lift.

As for criteria, the most important is for the individual to maintain good standing in the community. This means active participation in votes firstly, and secondly avoiding behaviors both social & technical which may bring harm to the community.

Mary | satoshi club:

And which is the minimum requirement of lift holdings for the lowest tier?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

To begin, there is only tier 1 for 1 lift. Additional tiers will be added as the price for lift increases.

With many launchpads, nefarious agents have built bots to exploit community benefits. As all lift holders are whitelisted, we will be able to exclude these agents and expand the benefits further.

Andrés m. | satoshi club:

How many lift tokens should I have to participate in votes?

Mary | satoshi club:

And remind me, please, how much 1 lift cost?😀

Professor t. S. C. Lowe | aeronaut engineer @ lift:

At hard cap, 1 eth is 1.92 lift. If the sale ends at a lower amount of eth, the additional tokens are distributed proportionately.

To join you must meet the following requirements:

☞ maintain a balance of 1 lift,

☞ request whitelisting with a discord account on the lift server, and

☞ maintain good standing in the community.

So if you wish to guarantee 1 lift from the sale, you should deposit 0.521 eth.

Andrés m. | satoshi club:

Like a commission?

Mary | satoshi club:

Got it, so, I need to pay around ~900-1000$ to participate in the voting😉

Professor t. S. C. Lowe | aeronaut engineer @ lift:

It is a capital requirement to maintain your membership. Of course, you may trade your lift freely, but if your balance falls below 1 lift your membership will be lost.

Mary | satoshi club:

And of course to get more benefits 😀

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed. The goal is to create an exclusive club for the verification of sales.

Andrés m. | satoshi club:

Got it

Mary | satoshi club:

I got the idea😀👍

Professor t. S. C. Lowe | aeronaut engineer @ lift:

By keeping the community to the highest quality, the lift members will be able to educate each other on the proper evaluation of sales and take care to only verify those that are satisfactory.

Mary | satoshi club:

Sure, they will care about security😉

It’s always intriguing to be a VIP member of something 😂

Andrés m. | satoshi club:

What about the high fee of eth network? Could it represent a problem for the coming sale?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

It is not a direct issue for the lift itself, as membership requires 1 lift. But it poses an issue for the continued adoption & growth of the platform.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed. Not only do you receive the 3% airdrop as a substantial financial reward, but you also join a community of like-minded individuals who can educate each other on the proper evaluation of sales.

Mary | satoshi club:

Sounds interesting 😉

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I myself am conducting research into deploying liftoff onto a chain such as XDAI or BSC. The main challenge faced is the lack of liquidity on these chains relative to Uniswap.

Andrés m. | satoshi club:

Well, it could be a liquidity issue for ERC tokens like lift, Don’t you think?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Precisely. The lift will have locked liquidity on Uniswap with the lift/xeth pair which easily allows anyone to trade lift with the wide variety of tokens on Uniswap.

I believe this issue cannot be fully solved by liftoff, and I have been in talks with my friends at penguinswap about how we could extend Uniswap’s liquidity to other chains. This research is still preliminary and not yet ready for publication.

Andrés m. | satoshi club:

The perseverance of your team to control possible risks is admirable, congratulations 😃💪

Mary | satoshi club:

I wish you find the right and the best solution 😄

Andrés m. | satoshi club:

Yes ha-ha, I think other projects can imitate that solution 😁

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Thank you, my friend. I believe it is possible to deploy part of liftoff on an alternative chain to ease access without solving the liquidity problem. Such a solution would be only partial but still greatly decrease the costs of gas for using liftoff.

Mary | satoshi club:

Thank you for your answers! Are you ready to jump to the next question? 😄

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Yes! I am enjoying these questions greatly as they are striking at the core of liftoff & lift’s design.

Andrés m. | satoshi club:

Q4 from telegram user @amirjosh

Liftoff website says that similar to Uniswap, anyone can create a token with any name, including fake versions of the existing tokens. So why the need to use your platform when there is Uniswap that already established its name as a top player on the field and has a huge number of users?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Ah, I see this question comes from some small confusion that is easily resolved.

Mary | satoshi club:

Yes, I saw a lot of the same questions

Andrés m. | satoshi club:

Yes, please

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Both Uniswap and liftoff are open platforms that anyone may use. Of course, this creates issues for both platforms as it is possible to create fake tokens.

But Uniswap & liftoff are quite different in their nature. Uniswap is a dex, while liftoff is a launchpad.

Mary | satoshi club:

Yes, that’s different 😄

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Developers create a token on liftoff using just one button. The liftoff platform manages the rest of the process. First, it creates the sale. Once the sale successfully completes, it creates the token contract & locks liquidity on Uniswap.

I hope that clears the confusion.

Mary | satoshi club:

Actually, I can be not in tech to create a token on your platform?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Correct, and I hope the ease of use encourages the adoption of liftoff by off-chain organizations.

Mary | satoshi club:

Oh, maybe someday I will create a Mary token then😂

Andrés m. | satoshi club:

I would buy it 🤣

Mary | satoshi club:

Lol, deal😂

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed, you should if you wish!

Mary | satoshi club:

Just need a use case 😂

Mary | satoshi club:

Ready for the next question, professor?😄

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Yes, you would. While anyone can launch, there are required information disclosures such as the website, social media channels, and whitepaper. You can see there have been multiple attempts to create sales on liftoff already, all of which failed due to the poor quality of their disclosures making it readily apparent that these sales were not worth participating in.

Andrés m. | satoshi club:

It is a fascinating tool for users who want to create their own token

Professor t. S. C. Lowe | aeronaut engineer @ lift:

But I would also buy a mary token, I must add!

Andrés m. | satoshi club:

Or a satoshi club token

Mary | satoshi club:

Guys,😂😂😂 you seduce.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed, perhaps we should discuss it after the lift sale completes!

Andrés m. | satoshi club:

Well, something else to add or we can proceed to the next question?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Yes, let us go forward. I believe we have satisfactorily covered this excellent question.

Andrés m. | satoshi club:

Yes, great explanation, professor

Andrés m. | satoshi club:

Q5 from telegram user @alptrader

There are similar projects but they can’t solve some of the exit scam problems exactly. Because after the launch the team might abandon the project after they receive the tokens from the sale. How can you prevent this from happening?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

An excellent question the answer to which I must preface the fact that technology can help but not prevent projects from performing poorly due to indolence on the part of the project team.

That set aside, liftoff is designed to provide the maximum protection to date to token sale buyers.

Mary | satoshi club:

But you can’t force developers to develop😂

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Precisely. Crash insurance guarantees deposits and covers 100% of the sale for the first week. So if after the sale finishes the developers do not appear to be performing their duties as they claimed, then the buyers should seriously consider selling their tokens for profit or redeeming them for insurance at the original sale rate.

Secondly, the developer’s pay is reduced by insurance redemptions. If these redemptions are quite high, then they receive little to no pay. Accordingly, developers are heavily incentivized to perform their duties diligently. It does not force them to do anything but does create better economic incentives.

Mary | satoshi club:

It’s not bad, it could make the process more secure 😄

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Yes, to a far greater extent than any launchpad today. These features will become industry standards over the next 6 months. Liftoff is the first to market in providing extensive buyer protections.

Additionally, the $lift token plays a critical role in stopping poor projects from getting funded. The lift members, with their private channels, education, and voting powers, will be able to verify & police the projects they verify for quality.

There are other launchpads that contain one element of the three innovations but none that contain all combined.

With the exclusion of free liquidity. Liftoff is the only one with this feature to date.

Mary | satoshi club:

Yes, it’s a very nice structure 😄 btw, have you personally ever been scammed? Or as they say nowadays “rug pulled”?)

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed I have several times in the past. I personally (and this is not financial advice) maintain 80% of my portfolio in high-quality assets such as eth and 20% across a variety of new tokens to improve my portfolio’s returns without damaging my capital. This technique, well known in the financial industry, has served me quite well. But within that 20%, there have been numerous scams on which I lost substantial funds on.

Mary | satoshi club:

I think it also influences your decision to create such a project😄

Professor t. S. C. Lowe | aeronaut engineer @ lift:

The issue strikes very deep. Not only do these scams lose investors’ money, but they also damage the efficiency of the capital markets themselves.

Mary | satoshi club:

Of course, you’re right

Professor t. S. C. Lowe | aeronaut engineer @ lift:

To explain why to consider managing your portfolio as described. When there is a preponderance of scams, 20% of risky assets cannot go to the best projects because any one of them might exit a scam.

Andrés m. | satoshi club:

It is hard to identify which project is a scam.

Mary | satoshi club:

But easier to identify it as risky😉

Andrés m. | satoshi club:

Yes, it is essential to inform yourself before investing and do it in a secure way.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Agreed, and one concept liftoff takes from the sec regulations is required information disclosures. As the ecosystem matures and more projects have proper financial records, we will be expanding these required disclosures.

Instead, I am forced to allocate only very small amounts of capital to even the most promising projects for fear of loss.

For the project developers, this creates a “lemon markets” problem where the quality projects are crowded out by the bad ones that have excellent marketing.

Indeed. And this is not just an issue within the blockchain, it is a well-understood & researched a problem in traditional finance.

Andrés m. | satoshi club:

That’s true, scaming projects can be found in all types of markets.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I suggest everyone interested in this issue read the research by Myers & Maljuf on the impact of inefficiency in capital markets upon the wider economy.

https://linkinghub.elsevier.com/retrieve/pii/0304405×84900230

Mary | satoshi club:

Thanks for sharing! I like to read such researches!

Professor t. S. C. Lowe | aeronaut engineer @ lift:

If technology, combined with social systems, can solve this issue it will not only help protect investors but will also usher in a new age of growth as firms will be able to operate in a more capital-efficient manner.

These issues tie closely also with statements by Gary Gensler the new head of US SEC.

Gary Gensler believes that blockchain is plagued by scams, and the solution is centralized regulation. I could not disagree more!

Andrés m. | satoshi club:

This is the way how some centralized governments work, more regulation, less freedom means more security for them.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

The traditional financial system with all its regulations is highly capital inefficient. The correct solution is to innovate pro-buyer technologies that protect investors without trusted third parties.

Mary | satoshi club:

Which part of your portfolio you will include investments in liftoff (if you were not in the team)?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I would never advise allocating more than 20% of one’s portfolio to any new asset, as there are many risks. Again, I am not a financial advisor.

I strongly believe lift will accrue value at a rapid & great rate, but of course, as the developer of this technology, I may be somewhat biased.

Mary | satoshi club:

It’s the same thing I always tell everyone 😂 So, guys, let’s proceed?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Thank you for doing so. Many projects promote the idea of going “all in” and the consequences of such a decision can only lead to tragedy.

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Yes, let us move forward again!

Andrés m. | satoshi club:

Yes, time to the last question of this segment professor 🎉

Mary | satoshi club:

Oh, no. And thank you for being honest 👍

Andrés m. | satoshi club:

Q6 from telegram user @gutike95

Why really implement reduced insurance at the pre-sale price for only 10 weeks? Why not extend it for at least 3 or 6 months?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Ah, an intelligent question that gets into the details of how crash insurance works. I will preface my answer that this exact concept, of extending the insurance further, is one on which i am conducting preliminary research that is not ready for publication. All I will say on this extension is that it may involve the use of liquidity coupons and would be added to liftoff.

To answer the question, the insurance is provided by the deposits themselves. During the first week, the developers & promoters receive no eth at all so the insurance contract is able to completely unwind the sale.

After this first week, the developers & promoters must be paid. 10 weeks is a compromise to encourage a speedy payment of funds to the developers while providing ample time for the community to evaluate the progress.

Even at 10 weeks, some developers may complain that the payment is too slow, but better protections for buyers will always mean some additional restrictions for developers.

Mary | satoshi club:

Yes, it’s a good term. And really some kind of compromise 😄

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Indeed. We arrived at this value after speaking with many different groups.

Mary | satoshi club:

Did you discuss it with developers?😄

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Yes, with a variety of reactions. Many felt it was restrictive to extend the payments to 10 weeks but that with the vibrant community forming around the lift the extension is worthwhile.

Andrés m. | satoshi club:

@professor_tsclowe btw, what is coming for the liftoff project this 2021?

Professor t. S. C. Lowe | aeronaut engineer @ lift:

Note first that the liftoff platform is already live & operational, and if anyone is interested in Lift they should do so with the understanding that the platform is as such and that future developments are uncertain.

I am working on several technical improvements. First, the deployment of liftoff onto a chain with cheaper gas as we discussed earlier. Second, the development of longer insurance periods. Third, support for multi-round sales & for tokens not initially created on liftoff.

Mary | satoshi club:

👍 Noted.

Andrés m. | satoshi club:

Amazing, we will be waiting for your coming announcements 😃

Professor t. S. C. Lowe | aeronaut engineer @ lift:

On the social aspect of liftoff, we are just beginning to see the community form.

Mary | satoshi club:

Sure, it will form quickly 😄 It’s an excellent time to launch new projects and form communities 👍

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I agree. We are now well into the expansion of the Bullrun and it is the perfect time to grow.

2021 will see first the launch of $lift itself in 2 days followed by the initial lifty airdrops & release of other benefits. As the token grows in value, we will add the next tier 2 once the lift value has increased substantially, and tier 3 as it increases further. With each tier, i will be adding additional benefits to liftoff as well, including early access to lift members with bonus tokens on buys & exclusive rounds.

Andrés m. | satoshi club:

A great roadmap, I think this is going to be a great year for liftoff.

Mary | satoshi club:

I can talk with you, guys the whole night, it’s a real pleasure. But I know that the Satoshi club community is waiting for this chat to be open. They have more questions 😉

Andrés m. | satoshi club:

Thank you very much for those valuable answers @professor_tsclowe, are you ready for segment 2, “the raining of questions” 😁😁

Professor t. S. C. Lowe | aeronaut engineer @ lift:

I cannot express anything except excitement at what is to come for liftoff. Yes, i am prepared!

Mary | satoshi club:

Let’s go 🚀

PART 2.Questions about the LiftOff 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 LiftOff 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 @MDL_mugiwara

I’ve done a little research, and I see that LID is basically dead at this point, zero volume, zero price action, while everything is going on, and most importantly zero liquidity at Uniswap. How do you think you can change and improve this situation for LIFT? And why is there no liquidity at Uniswap?

Professor T. S. C. Lowe | Aeronaut Engineer :

Thank you for this excellent Question on the relationship between LID & LIFT. I believe your research is missing some critical information but raises an important issue that must be aired. The LID liquidity lies on the LID/xETH pool and is not currently displayed by uniswap.info. The only site currently correctly displaying this information is Etherscan. Dextools has recently worked out a solution to this display issue and is almost complete. I am also working closely with uniswap.info, coingecko, and Coinmarketcap to correctly display xETH Uniswap pairs which all LIFTOFF tokens will be. It is a bit uncomfortable to these platforms but the problem is solvable. When working with new technology, it is inevitable that some time will be required for adoption.

Q – 2 from a telegram user @Raisbelys

Any defect in LIFTOFF? Simple question.

Professor T. S. C. Lowe | Aeronaut Engineer :

Excellent question. On a technical level, there are no defects. I have linked the full audit of LIFTOFF below.
On the function of LIFTOFF, remember that its purpose is to reduce the risk of Exits, Rugs, & Scams. LIFTOFF combines both Technical & Social solutions to these problems but they are not perfect. Each sale on LIFTOFF, just as for any launchpad, must be reviewed carefully. The LIFT community may vote to signal which Projects are of unusual quality, but even for these, some rate of failure is natural & expected.

Q – 3 from a telegram user @AugusS7

Really what is the temporality of the launches in LiftOff? Can they be fully modifiable or are they already established? Is it because of them that this information is not completed in the form?

Professor T. S. C. Lowe | Aeronaut Engineer :

Excellent question regarding the structure of LIFTOFF sales. One issue in Capital Markets is illegibility. It is important for all Sales to be as similar to each other as possible so they can be easily compared and standards can be set for evaluation by the LIFT members. Accordingly, each LIFTOFF sale runs for exactly 5 days and has an identical Token & ETH distribution which may be viewed on the FAQ linked below. The areas of Flexibility are in the informational disclosures, softcap, hardcap, and token quantity. The development Team is also working on an alternative design which burns tokens not purchased in the Sale instead of distributing the proportionately inorder to maintain a flat Price and flexible Supply instead of the current version which has a flexible Price and flat Supply.
https://liftoff.eth.link/#/faq

Q – 4 from a telegram user @Korryl

So can you tell me how to participate in your presale? How much minimum requirement to buy in Liftoff presale?

Professor T. S. C. Lowe | Aeronaut Engineer :

To purchase LIFT in the Sale, simple go to the address below, connect your Wallet, and deposit your ETH. After the Timer runs out, the Sale will be Sparked which is called once globally by anyone. After that point, LIFT’s liquidity is locked on Uniswap and you may claim your LIFT tokens.
liftoff.eth.link/#/project/LIFT-15

Q – 5 from a telegram user @cryptovgh

If a project launched on LIFTOFF makes rug pull, do you have any system to refund the investors or any security system to detect those?

Professor T. S. C. Lowe | Aeronaut Engineer :

The term “rug pull” has evolved greatly and means many different things to different people. Let me walk you through which types of Rug Pulls are prevented by which types of Protections.
Liquidity Rug Pulls – LIFTOFF locks all liquidity, so these are not possible.
Exit Rug Pulls – Crash Insurance provides full protection for 1 week and reduced protection for an additional 9 weeks.
Insider Sale Rug Pulls – LIFTOFF does not allocate any tokens to Insiders. Developers and Promoters must buy off the market.
Minting Rug Pulls – LIFTOFF launches the token, not the developer, and Minting is disabled. These are not possible.
Fake Rug Pulls – LIFTOFF has required informational disclosures that may be checked, and the most cautious can watch for only Sales Verified by LIFT Members.

Q – 6 from a telegram user @AllenLu

Welcome @Professor_TSCLowe why decide on 30% LIFT buyback & burn or how are you going to do this?

Professor T. S. C. Lowe | Aeronaut Engineer :

Both I and the Lid Protocol Team do not require any ETH to continue our work. The Lid Protocol Team itself has funding for the next year of operations. The purpose of LIFT is to establish a strong community, so 100% of ETH is allocated to liquidity, buybacks, and airdrops, and the bonus of 10% from XLOCK goes to marketing.

Q – 7 from a telegram user @AmirJosh

May I ask if LiftOff reviews all the projects that will apply on the Launchpad knowing that anyone can use it? Do you have a rating system that might be helpful for investors?

Professor T. S. C. Lowe | Aeronaut Engineer :

LIFTOFF is an open platform and this is a value I am not willing to compromise on. However, the LIFT Tier 1 Members may vote to verify sales of Exceptional Quality as a signal to the wider community of its value.

Q – 8 from a telegram user @rioliandaro

Free Liquidity allows 110% of the Sale to be allocated. I don’t think I quite understand, how is the total eth count raised 110%? For example, you need funds 1.1x what you really need? To be honest, I really don’t understand the whole sentence, so maybe it would be better to change the whole explanation about tokenomy itself.?

Professor T. S. C. Lowe | Aeronaut Engineer :

Excellent question, and it does appear to be magic but it is not. The full math is outlined in the Whitepaper. Put simply, Uniswap uses an Invariant for liquidity where Token1 * Token2 = Invariant. If Token1 is xETH, and Token2 is XXX, then xETH * XXX = Invariant. If 100% of the token supply is in locked liquidity and XXX cannot be minted, then we know that no XXX can be sold and no xETH can be removed from the pair. Thus, the xETH is effectively burned. In the case of LIFTOFF, not all of the supply is in locked liquidity but the supply of XXX is capped. This allows the creation of 10% free liquidity for a full 110% allocation. A fuller explanation is given in the whitepaper.
whitepaper.liftoff.eth.link

Q – 9 from a telegram user @KASG95

I understand that with LiftOff I can create my tokens easily and whenever I want, but can it only be listed and backed by insurance only when it is used in Uniswap? or could it be listed in 1nch or another swap?

Professor T. S. C. Lowe | Aeronaut Engineer :

LIFTOFF is fully integrated with Uniswap and no other exchange. That said, 1inch is also integrated with Uniswap and only needs to add xETH support to fully work with LIFT, LID, and other xETH pairs. The recommended exchange to use for LIFTOFF tokens is Penguinswap as it has a superior router that protects users against Vampire Arb Bots while still using the Uniswap pairs. Please visit their site at the link below, and join their discord if you run into any issues. Hiturunk is a genius developer who is also a kind individual and will answer your questions.

https://discord.gg/cfGpCfTMfw

http://penguinswap.eth.link/

Q -10 from a telegram user @RosemaryBianco

What do you think of the Satoshi Club community?

Professor T. S. C. Lowe | Aeronaut Engineer :

I have a high opinion of the Satoshi Club community. I was extraordinarily happy when I received the invitation to come to speak for this AMA. Strong communities focused on finding the best quality projects are exactly what DeFi needs to grow into the financial infrastructure of the future. Each one of you here is doing their part to help grow the ecosystem. Thank you all so very much.

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the LiftOff DeFi project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 600$ 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: LiftOff

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  Medium  | Discord | OpenSea

We are pleased to announce our next AMA on February 18th 2021 at 06:30 PM UTC Time: Satoshi Club x Sperax

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

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

Part 3: 300$ – A quiz about Sperax

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

We are pleased to announce our next AMA on February 17th 2021 at 04:30 PM UTC Time: Satoshi Club x Bear Games

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

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

Part 3: 300$ – A quiz about Bear Games

For more details:
Bear Games – @BearGamesChat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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 The Famous Token and our guest was CryptoWonka and Joel Digital. The AMA took place on 13 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

D. | Satoshi Club:
Hello Satoshi Club! 👋

Gold Rocket | Satoshi Club:
Hello, dear Satoshi Clubbers!
We are pleased to announce our AMA with The Famous Token.

D. | Satoshi Club:
Our guests today – @CryptoWonkaOFCL @Jfkdigitals ! Hey guys! Welcome!🚀

Joel Digital:
Very happy to be here.

CryptoWonka | Founder of @cryptomindsgroup:
Good to be here!

D. | Satoshi Club:
So let’s begin with the intro? Please tell our community a bit about yourselves and your project😊

Gold Rocket | Satoshi Club:
How did you get to be involved in crypto & The Famous Token?

Joel Digital:
We are a team of engineers, businessmen & lawyers. The Famous Token is the newest project in Defi & NFT. It is something completely new.

Gold Rocket | Satoshi Club:
By the way, how many people are on your team? Are you anonymous or public?

D. | Satoshi Club:
crypto is a sphere where new things born 👍

Joel Digital:
We are 5 people and we are public. We have several advisors but they don’t count as core Team members. In total, we are about 11 people.

D. | Satoshi Club:
When your team was formed?

Joel Digital:
We started the project in September 2020. And we launched 12 days ago.

Gold Rocket | Satoshi Club:
Wow, congratulations! 🎉

Joel Digital:
Yes, it was a great start.
We raised 100 ETH in a private sale.
And 200 ETH in the public presale.

D. | Satoshi Club:
Nice, so you had many months to prepared👌 please, tell us a bit about The Famous Token. what is this? 😊

Joel Digital:
The famous token is a NFT project. We have very limited artwork. 1 artwork per famous person. You can earn this artwork by staking TFT+ETH on the platform. We want to digitize the value of famous people.
This means for example a NFT of Elon Musk might be more worth than a NFT of Britney spears.

D. | Satoshi Club:
Interesting, hard to compare these two people and their value 😄

Joel Digital:
Exactly. The market gives the value.

Gold Rocket | Satoshi Club:
Well thanks a lot for the intro! Are you ready to proceed to questions from the community?😊🚀

Joel Digital:
Let’s go.

D. | Satoshi Club:
Q1 from Telegram user @Brainchest
The succes of my investments depend from from the demand for NFT. Do you consider that your NFT using the image of stars for sale affects copyright? Plus, celebrities can release their own NFT, and for fans it is much more valuable. Thus, the project may not be in demand, and my investment will be negative. Do you have plan B in this situation? So the major line of the question – is this legal what you do? 😁😉

Joel Digital:
There are no legal concerns regarding copyright. We have found a solution to this. NFTs are very at the beginning we don’t know how your investment will develop. What I see is that this year NFT projects are a hot topic.
And we want to be the biggest NFT project. Please check the roadmap. Yes, it is. We have a legal advisor as well.

Gold Rocket | Satoshi Club:
By the way can you share the roadmap with us?

D. | Satoshi Club:
Yep, NFTs are the super hot topic already 😊 Can you share the names of your advisors?

Joel Digital:
The team members are on the website.
www.thefamoustoken.com

D. | Satoshi Club:
Lots of cool things in the pipeline.

Joel Digital:
Well known community advisors @CryptoWonkaOFCL @charlesfrogfish.

D. | Satoshi Club:
Q2 from Telegram user @AugusS7
Currently the vast majority of DeFi projects are focused on NFT tokens, but none really propose a real utility, but if The Famous Token will have it, how will it achieve it? And really what is that real function that the others have not been able to implement?

Joel Digital:
Thanks to $TFT you have the possibility to digitize the value of a famous person.
This works through staking $TFT+ ETH.

D. | Satoshi Club:
So I need to stake these two assets $TFT+ ETH to mint NFTs? Or how is it works? This is very cool that you have a video, btw, but can you explain, how is it works as well? 😊

Joel Digital:
Exactly.
I have attached you a Video where it is explained.

Gold Rocket | Satoshi Club:
Indeed, video is good👍

D. | Satoshi Club:
Nice guide, looks like everything is very simple👌

Joel Digital:
1) You buy $TFT on Uniswap.
2) You add liquidity on Uniswap (ETH+TFT)
3) You stake on www.thefamoustoken.com
4) You earn cards
5) With enough cards you can mint a NFT.

We work very precisely.

D. | Satoshi Club:
How many cards I should have to mint 1 NFT?

Gold Rocket | Satoshi Club:
How do you plan to solve high fees problems at ETH?

Joel Digital:
It depends on the collection. Golden collection 100 cards. Platinum collection 150-200. In our newest collection, we will introduce 50 cards. We are working on something to solve this. At this point, I can not tell you more.

D. | Satoshi Club:
Q3 from Telegram user @meml97
From what I understood, your project is based on selling-buying famous people images cards, but will this cards representing each one of them be classified into some sort of leves of famous? For instance a Freddie Mercury card will have the same value or be in the same category as a Justin Bieber card? Speaking of this, how many of this cards will I need if I want to have a NFT?

Joel Digital:
After you earned your NFT through staking you can sell it on Opensea (if you want). We have different collections (different style). These NFTs are very limited because there will only be 1.

D. | Satoshi Club:
Do you have plans to work with other NFT markets on other blockchains?

Joel Digital:
It’s something we are reviewing.
Especially for our decentralized marketplace.

D. | Satoshi Club:
Trade on Opensea is very expensive now 😁

Gold Rocket | Satoshi Club:
Have some famous persons approached you with a request to immortalize themselves in the NTF? 😉

Joel Digital:
Not yet.
But we think this will happen sooner than later.
You can imagine what for a boost this would be for $TFT
We are a 2 week old project

D. | Satoshi Club:
it will positively affect the whole project 🙃

Joel Digital:
Yes.. our community is very international. This means at one point someone related to a celebrity will approach us.

D. | Satoshi Club:
Q4 from Telegram user @Arisabela
The Famous Token has an ERC-20 token contract. Many investors are complaining about the incredibly high fees that must be paid with Ethereum, how is the fee strategy for The Famous Token so it won’t be a disadvantage for the platform?

Joel Digital:
It is the same answer as mentioned above.
We are working on it.
But can’t disclose more right now. Timing & strategy is everything.
We work hard to solve this because it is a big issue.
I mean who wants to pay 80$ gas fees??

D. | Satoshi Club:
No one! 😁okay, I want to ask you about the contract audit then. Your contract is audited?

Joel Digital:
Yes, war on rugs has audited it.

D. | Satoshi Club:
Can you share the results of the audit?
War of rugs? I’ve heard they made a lot of noise on Twitter, but I did not know they do an audit as well😄

Joel Digital:
https://twitter.com/waronrugs/status/1358565990263631872?s=21

D. | Satoshi Club:
Thanks!

Joel Digital:
Yes, the community voted they would like them to audit it.
• war on rugs
• solidity
The community voted war on rugs. We are very community-driven. Without our community, we couldn’t improve as well as we are doing. We are not experts in everything. But we are experts in listening to our community.
I think that’s why our community is so strong in that short time period.

D. | Satoshi Club:
Q5 from Telegram user @cengizhantekin
In the TFT system NFT cards of famous people are created, and anyone can propose a famous person through a decentralized platform. But “famous” is a relative term since you are a global project, meaning one may be famous in China but not in Russia. Do you have a verification mechanism to accept or reject a proposed person as famous? After the proposal go public, what are the criteria to be approved? For example, is there a chance that I propose myself and get my own NFT if I got sufficient votes?

Joel Digital:
Yes, if you get enough votes you will get your own NFT artwork. (If you have a certain level of Twitter, Instagram or Spotify followers). But if no one knows you.
Nobody will use their cards to mint your NFT..

D. | Satoshi Club:
Cold true 😄 Is it possible to mint NFTs of famous animals from the Hollywood movie? is it possible? like that dog from Mask movie with Jim Carrey?

Gold Rocket | Satoshi Club:
King Kong, Godzilla, and more …😁

Joel Digital:
I really love crypto.
That’s a completely crazy idea.
And many people will like it.
I have never thought of it.
Maybe we should do a special animal collection?
Let’s see what our community says

D. | Satoshi Club:
Haha 😄glad to help.

Q6 from Telegram user @JuanSB07
How do you intend to integrate TFT into the Dapps of social networks? And how do you intend to integrate TFT into the decentralized market itself? Do you think it is possible to achieve these goals this year?

Gold Rocket | Satoshi Club:
Satoshi Club is a place where there is always a brainstorm 😁

Joel Digital:
We intend to do it and we will do it.
Our community knows how we work. 2021 is a long year to go and we are working 18 hours per day.
I quit my job as a mechanical engineer to ensure we will succeed in the biggest NFT project in 2021.

D. | Satoshi Club:
Wow! bold move! I hope your project will succeed this year🚀

Gold Rocket | Satoshi Club:
Big goals take a lot of work!💪

Joel Digital:
Yes. Let’s open the chat.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Johnny ℹ️🅿️

🙋‍♂️Hello Joel. Am clear that I will need 100 cards to mint my famous NFT. How can I get more cards? Also, If I don’t have the needed card, can I reserve the NFT of a famous till I get the required number of cards or it will always be a case of first come first serve?
@Jfkdigitals

Joel Digital:
You need to stake more TFT to earn more cards.
First comes first serves.

Q2 from Telegram user @ Rosemary Bianco

Why do they say that TFT is ”the first NFT with a real use case”? And how can I get rewards cards using TFT? What is the link of the cards with famous people?

Joel Digital:
The use case is to digitize value of famous people through Defi.
You earn cards by staking TFT+ETH.
With these cards you can mint a NFT.

Q3 from Telegram user @ Robert CryptoCypherX

FamousToken has a unique concept that stays different from others. Which category of audience do you target Crypto Or Non-Crypto?If both how does team plan to focus on both and bring new people into the field?

Joel Digital:
Crypto people.
We don’t have any competition.

Q4 from Telegram user @ Robert CryptoCypherX

Can you explain the Tokenomics of the token, how it is Distributed ? How many tokens Will be minted and how many of those will be held by the team and for what purposes ? Also how experienced is the team behind the token?

Joel Digital:
The tokens are vesting over 6 months.
Liquidity is locked.
We are very focused on delivering.
All members have deep experience with crypto.

Q5 from Telegram user @ Khalee

How many $TFT would I need to stake to get 1 NFT? I mean reward ratio?
@CryptoWonkaOFCL
@Jfkdigitals

Joel Digital:
100 TFT + ETH value for 50 days.
If the NFT needs 50 cards

Q6 from Telegram user @ Boylut

I’m a fan of Michael Jackson, is it possible to digitalize him using The Famous Token? @Jfkdigitals

Joel Digital:
Yes, yesterday our community said they would like him.
He will be soon on our platform.

Q7 from Telegram user @ Karoceh

The meaning of famous in my opinion is subjective, there is no parameter that someone is more famous than others. How do you determine who will be painted on the card? was the community involved in these elections?

Joel Digital:
Yes, the community gives decentralized proposals through our decentralized voting platform.

Q8 from Telegram user @ Boylut

What functions does the $TFT play in your ecosystem and why should we hold it? @Jfkdigitals

Joel Digital:
You shouldn’t hold TFT. You should stake it. Stake it with ETH.
Then you earn cards and after some time you have the chance to get a NFT.

Q9 from Telegram user @ Sofia Isla

Can you explain to me about the limited NFT images? How can I get it and what benefits does it bring me? Does it have special functions or something?

Joel Digital:
https://thefamoustoken.medium.com/how-to-stake-the-famous-token-498a0947226b

Q10 from Telegram user @ AL

I was observing the distribution of the tokens in your website and it caught my attention that the “35% Blocked”.
35,000 tokens locked for 12 months.
Could you explain to me what is this? Thanks😊

Joel Digital:
37.000 tokens are in circulation.
35.000 tokens are locked for 1 year.
The other 28.000 tokens are locked for 6 months (vesting).
This means every week the Team, development & marketing get tokens.

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/TheFampusToken
Medium – https://thefamoustoken.medium.com/