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 Playcent and our guest was Sandeep, Co-Founder and CEO at Playcent. The AMA took place on 10 February.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

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

Part 1 — introduction and questions from the Telegram&WebSite

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

D. | Satoshi Club:
Hello everyone!

Our guest today – @sandeepio ! Hello and welcome!

Sandeep | Playcent:
Hey Mary.

Mary | Satoshi Club:
Welcome here @sandeepio🚀

Sandeep | Playcent:
Hi @Cool_as_Ice, excited for today’s AMA.

Mary | Satoshi Club:
Happy to see you in Satoshi Club 😀

How was your day?

Sandeep | Playcent:
Great. How are you guys doing?

D. | Satoshi Club:
Awesome 🤩

So let’s begin our AMA?

Mary | Satoshi Club:
Great!

Could you please introduce yourself and tell us how did you start with Playcent?😀

Sandeep | Playcent:
Hi Satoshi Club community, I am Sandeep, co-founder and CEO at Playcent, thanks for having me.

I have worked with kratos partners ( early stage investment firm ) since early 2017 and has a vast network of Blockchain industry and gaming connections.

Creating software has evolved ever since the internet, yet there is not so much of familiarity with the same. It takes expertise for creating such software and the drive to take it from very scratch to production is quite a bit of a task.

That’s when we have though of creating a base for creating software on which users can build upon. That’s how the idea for playcent has began.

Mary | Satoshi Club:
It’s really will be awesome for mass adoption!

How long were you working on Playcent?

D. | Satoshi Club:
and what is a Playcent? 😉

Sandeep | Playcent:
Yes. Playcent’s mission is to onboard millions of mainstream users to crypto by providing a bridge between current crypto ecosystems and the explosive gaming industry.

I started Playcent with my Co-Founder Jay in late 2019 when we found an opportunity for a No code platform to democratize software development.

Playcent is a template based content creation platform tooling around interactive content, games, dapps, social tokens and NFTs etc built on blockchain.

Mary | Satoshi Club:
👍

Sandeep | Playcent:
We focus on democratizing software development by allowing people to easily create/enhance interactive apps, games and other user generated content within a couple of minutes.

We do this by offering, plethora of templates created by independent developers, providing it as a base for those who would want to build on top of the platform. We also provide a visual interface for those who aren’t familiar with creating software, to fork the existing software, and customize using visual controls to their needs and publish it.

So far we have built a collection of templates. These are mostly simple and fun games- like flappy bird and mario run. Beyond games, Playcent has also built mini-apps, wherein users can remix and create interactive messages, dapps, quizzes, and more.

Mary | Satoshi Club:
Nice features 🔥

I saw a lot of questions from our users about them, btw😉 are you ready to start with the questions from our community?

And thank you for this great introduction!

Sandeep | Playcent:
Sure, would love to get started.

D. | Satoshi Club:
Let’s start! 🚀

Q1 from Telegram user @stevefix56
Playcent allows non-techies to easily create interactive apps, games and other user generated content in minutes. Can these apps compete with present apps standard available in today’s world. Will non-techies be able to deal with necessary periodic app updates? How can I access these apps and games.

Sandeep | Playcent:
Playcent templates are ‘full stack web apps’ that can be created in minutes and shared everywhere on the internet. These templates will be created by independent developers and vetted by the playcent team.

Our beta is live at: https://playcent.com/apps.

Some of the playcent apps already replicate functionality of native apps like Linktree etc.

Mary | Satoshi Club:
How many apps do you already have on your beta?

Sandeep | Playcent:
Periodic updates on the base template would be provided over the span enhancing feature capabilities, however any apps that have already been built on top of existing base templates would get no updates. But, it might change in the upcoming months.

Currently 20+ templates are live.

Mary | Satoshi Club:
How’s your beta going? Which feedback you got from users?

D. | Satoshi Club:
Nice start ! 💪

Sandeep | Playcent:
We have launched few custom games for FTX, alex influencer and a few brands. The engagement rate for these apps were higher than normal social media posts.

Mary | Satoshi Club:
Happy to hear this!😉

Congratulations 🚀

Are you ready for the next question?

Sandeep | Playcent:
Sure😃

D. | Satoshi Club:
Q2 from Telegram user @NataliyaKil
Is there some kind of control to ensure that when the user creates content, copyright is not violated? How is this tracked or verified?

Sandeep | Playcent:
All templates that are on playcent comes under open source licence, however assets used within the templates might be private and be accessible for those who pay for it.

Mary | Satoshi Club:
Good! So, it’s impossible to violate the copyright?

Sandeep | Playcent:
Since each template comes under open source license, imposing minimal restrictions on the use of template.

Mary | Satoshi Club:
Ok, that’s great!

Ready for the next question?

Sandeep | Playcent:
Yes.

D. | Satoshi Club:
Q3 from Telegram user @Mora110
Playcent will enable $FRONT as currency in our gaming and dapp platform. The collaboration will initially focus on making $FRONT spendable inside of the playcent platform, enabling users to pay for assets, subscriptions & in-app purchases.but if I just wanted to develop a dApps on a chain other than, could Playcent help me create it?

Sandeep | Playcent:
Playcent by no means is a service based entity, If at all such a template exists non-techies could launch their own dapps using no code.

We plan to add such dapp templates in the coming months ( social token minter, etc.).

D. | Satoshi Club:
Btw $FRONT is your token? could you tell us about its functions?

Mary | Satoshi Club:
What about $FRONT usage outside platform?

Sandeep | Playcent:
$FRONT is not our token, for more details about $FRONT you can checkout
https://frontier.xyz/.

$PCNT is the native currency of Playcent.

It’s a governance token in the Playcent ecosystem which lives on both Matic and Ethereum chains. It will be used as a base ecosystem payment currency, to stake in the system, and as a governance token when the governance module is launched. PCNT holders will be able to claim rewards if they stake their tokens, participate in key governance votes, playing games and through user-generated content initiatives.

Mary | Satoshi Club:
You have partnership with Frontier, right?

Sandeep | Playcent:
The collaboration with Frontier was to support their token on the playcent platform as a payment currency for In app purchases.

Yes.

https://playcent.medium.com/playcent-partners-with-frontier-leading-chain-agnostic-defi-aggregation-layer-to-bring-adoption-to-fb43959f7aec.

More details on it.

Mary | Satoshi Club:
Got it! Also, could you please tell us how $PCNT will be distributed?

Thanks for sharing!

Sandeep | Playcent:
Through PCNT, Playcent will gradually evolve into a community-owned Decentralized Organization. This process occurs as PCNT is distributed among users.

Initially, we will be distrubting the tokens through IDO, and then through staking, play mining rewards ( rewards for creating, browsing dapps, NFTs and games on the playcent platform).

Mary | Satoshi Club:
That’s clear 😀 Ready to jump to the next question?

Sandeep | Playcent:
Yes, sure.

D. | Satoshi Club:
Q4 from Telegram user @borysfireball
I know one market rule: follow the trend. And one of the hypiest thing on the market are NFTs. As i see on your site you will help your users to create NFT content easy and fast. That’s awesome, but tell us more about this process. Is this already available? What we will need for this? How much will be the payment for your services?

Sandeep | Playcent:
Non techies will be able to mint their own NFTs using the NFT marketplace which we create. We will be collaborating with Arkane network to build a playcent template using which NFTs can be minted.

It will be free of cost to mint an NFT as it will be on matic chain, however we will be charging a small transaction fee when NFTs are being traded.

We aim to roll out this at the end of march.

Mary | Satoshi Club:
And then they will be able to trade them on NFT Marketplace, right?

D. | Satoshi Club:
What sorts of NFTs your users will be able to mint? do you have examples?

Sandeep | Playcent:
Yes, correct. users will be able to trade with no gas fee, as we will integrate gasless transactions.

We will start with premium asset NFT template, where users can mint exclusive images and trade them in the marketplace.

Mary | Satoshi Club:
Where you will get income if everything is almost free?😀

D. | Satoshi Club:
Got it 👌

Sandeep | Playcent:
Only gas fee will be free, as PCNT and marketplace runs on matic chain.
Playcent charges 3-10% transaction fees on all the payments on Playcent platform.

Mary | Satoshi Club:
Oh, I see! 😀

Ready to go to the next question?

Sandeep | Playcent:
Yes.

D. | Satoshi Club:
Q5 from Telegram user @meml97
You have planned for Q3 2021 “E-Sports platform beta”, could you tell us more about this? What games do you have in mind to have in there? Will be a E-sport platform only for the games created on Playcent or will you add something more popular like LoL, or CS? Speaking of this beta release, what do I need to do if I want to join you on that beta testing, is that possible?

Sandeep | Playcent:
We will support hyper casual mobile games, which will be exclusively developed by playcent team or our partner network. beta invites will be sent out to token holders first when there is a release.

Mary | Satoshi Club:
How much tokens should holders have to recieve invitation?😀

Sandeep | Playcent:
It’s not decided, as the token is not yet live. we will have a community voting for this.

D. | Satoshi Club:
Do you plan any partnerships with some game studios?

Mary | Satoshi Club:
Sure, community is a king👏

Sandeep | Playcent:
Yes, we are in talks with few mobile gaming companies to develop hypercasual competitive games.

D. | Satoshi Club:
Cool! then we will be waiting for news from you about these future partnerships😉

Thank you for answers! and not the last question from this part!

Q6 from Telegram user @Antoni_azx
Playcent aims to get integrated with social network. Will this integration be part of your advertisement feature? What is exactly it’s purpose?

Sandeep | Playcent:
Over 50% of the time is spent inside of social media and messaging apps. In these social feeds users consume all types of content like text, image, video, GIFs and links. Each of the social media implements a webview ( a browser built in natively to support links ). Playcent takes advantage of the webviews.

Playcent apps and games are just web URLs. so these can be supported natively and users dosen’t need to leave social platforms to interact with playcent.

Mary | Satoshi Club:
Super easy! So, it won’t be separated social network😀

Or I am wrong?

Sandeep | Playcent:
Yes, playcent will be like a meta layer on other social networks.

Mary | Satoshi Club:
Amazing! Can’t wait when this all will go live!😀

And what do you think about live part?😂 Ready for rain, storm, tsunami?

Sandeep | Playcent:
bring it on😃😉

Mary | Satoshi Club:
Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @  Cengizhan Tekin

✅ You have 3 main roles on Playcent Network: Developers, Creators and Consumers. I understand Consumer, but what is the difference between a Developer and a Creator?

Sandeep | Playcent:
Developers are the core to the playcent network, they create templates from scratch using which creators launch production ready apps, games using no code visual interfaces.

Q2 from Telegram user @  Johnny ℹ️🅿️  

🙋‍♂️Hello Jan

I like 🤝🤝 the simplicity you are bringing to app development. It is going to come in handy for the not too tech-savvy. However, since users will be using playcent development template to develop their apps, do placent claim ownership of these apps or are users the exclusive owners of the apps they developed using the placent template?

Sandeep | Playcent:
Ownership will remain with the users.

Q3 from Telegram user @ 🌿Crypto Flower🌿   

🌼 How much do the dApps templates cost, what does the price of each one depend on?

Sandeep | Playcent:
Most of the templates be free to remix and customize, however the creators can launch premium templates depending on complexity and customization features.

Q4 from Telegram user @ Pakna

What kinds of NFT can be exchange on your market? What are the difference/advantages of your marketplace over others like opensea?

Sandeep | Playcent:
The NFTs purchased through playcent marketplace can be incorporated in any of the playcent templates which you use. Initially we support premium images, art as NFTs.

We have integrated gasless transactions and there will be no gas fee to trade NFTs.

Q5 from Telegram user @ Vinay Rakshith Mathangi

How does PCNT work in the eco system and how to earn nft’s?

Sandeep | Playcent:
Through PCNT, Playcent will gradually evolve into a community-owned DAO.

Utilities
1: Governance, where token holders decide on things like emissions, distribution, upvotes etc
2: In-app currency for all the dapps & games
3: Early access of games for token holders and other premium services
4: Subscriptions, asset marketplace transactions will be charged in PCNT token
5: Rewards are distributed to creators, developers and consumers in PCNT tokens

NFTs can be purchased in the playcent marketplace, there will also be airdrops for token holders who stake in the platform.

Q6 from Telegram user @ Nastya   

Playcent just integrated Frontier as a payment gateway in its ecosystem which is a great start, are you planning to integrate more payment options soon?

Sandeep | Playcent:
Yes, we plan to integrate more such tokens. With such collaborations, we plan to onboard their community as early adaptors. Few more collaborations will be announced next week.

Q7 from Telegram user @ nainaa  

What are your main milestones over the next 6-12 months?

Sandeep | Playcent:
1: To launch a blockchain infrastructure for social money creators
2: NFT marketplace to mint and trade NFTs
3: Esports SDK and PlaycentX beta

Q8 from Telegram user @  SHOHAN [unlucky boy]  

What kind of technology are you using for the NFTSs, 1155 or 721?@sandeepio

Sandeep | Playcent:
NFTs will be on erc 1155 standard.

Q9 from Telegram user @  Emmie971  

Community governance is currently a hot topic after TWT used it. What thoughts and plans do you have for it?

Sandeep | Playcent:
We want build a truly community governed DAO. This process occurs as PCNT is distributed among users. we will start with smaller issues and in the long run move to core protocol votings.

Q10 from Telegram user @  Super-Girl Says  

Once I create my super app by which means can I share it and make it popular?

Sandeep | Playcent:
Playcent apps and games are just web URLs, so you can share it on any existing social media platform like Facebook, twitter, telegram and drive the popularity.

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:

website: https://playcent.com

Telegram: https://t.me/playcentglobal

We are pleased to announce our next AMA on February 18th 2021 at 04:00 PM UTC Time: Satoshi Club x GG Dapp

⚠️Click to see the hour
⚠️Total Reward pool: $600

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

Part 3: 400$ – A quiz about GG Dapp

For more details:
GG Dapp – @ggdappchat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Pollen.

Pollen is a DeFi Asset Portfolio Management Platform, with an evolutionary crowd-controlled governance model that removes centralization points while improving yields and portfolio performance. It operates on a custom-built DAO. The AMA took place on February 9 and our guests were Alpha DeFi and Phil Verrien.

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.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

D. | Satoshi Club: good day Satoshi club! Another AMA today, this time with – Pollen!

Gold Rocket | Satoshi Club: @AlphaDefi @phil_verrien hello! 👋 thanks for joining! Welcome to Satoshi Club!

Alpha DeFi: Hello everyone! Excited to be here. It’s been a really exciting week in Crypto & Defi I must say.

I’m Justin, the community lead here at Pollen along with @phil_verrien here to talk about our DAO built from the ground up for #DeFi.

D. | Satoshi Club: Great! so please tell us more about your project! 😊

Alpha DeFi: Pollen is a custom-built DAO designed specifically for DeFi. It has some unique features including a ‘consensus layer’ which allows for greater degrees of decentralization. This consensus layer governs the creation of the DeFi native PLN token. Then our governance token is called STEM. Our governance model addresses many of the issues which plague DeFi governance today, including asymmetric emissions and sustainability. Despite sophisticated underlying components, Pollen is user friendly and accessible.

Pollen will allow others to create DAOs using our platform, curate custom asset pools and leverage the STEM consensus layer.

D. | Satoshi Club: ‘Consensus layer’? this is some new concept? 🤔 never heard about it.

Alpha DeFi: Within our DAO, members can create proposals for Assets. $STEM holders must form consensus to decide which assets the DAO should hold.

Here’s a visual breakdown on how it all works.

D. | Satoshi Club: So it will be like creating erc20 tokens on Ethereum?

Alpha DeFi: Not only does Pollen provide the world’s first fully decentralized index with both governance and order fulfillment being fully decentralized. It is also a DAO platform that will allow others to curate their own indexes which can range from NFTs to Synthetics.

Q1 from Telegram user @Wormz28

A Roadmap is a strategic plan that defines a goal or desired outcome and includes the major steps or milestones needed to reach. So why I can’t see any Roadmap in your Website, as we all know that with a Roadmap, a team can clearly explain to their customers and users where they are going right? Also may we just ask what’s POLLEN current situation and what are you currently working on?

Alpha DeFi: We’re launching mid-February to community and accredited investors. We are in the Alpha stage getting ready for launch so our website and platform will be updated to share the upcoming roadmap. Currently the DAO access will be whitelisted for the first weeks and restricted to community for the first weeks (those who joined our discord channel) and accredited investors.

Pollen is a crowd controlled protocol and community focused, and our launch strategy enables reputation to be built to bootstrap our governance model.

We have an Alpha that people can test out through alpha.pollen.id But for those that want early access on the whitelist, we are giving access to those members through signing up https://contact213796.typeform.com/to/B8i4waLZ

Verrien: Hi Wormz28 much our roadmap is outlined in medium posts but we’ll be publishing a detailed roadmap and elaborated technical documents including a white paper imminently. We launch to production in just over a week and the DAO can be accessed from alpha.pollen.id and this gives a good sense of what the platform is/does.

Alpha DeFi: Sorry clarification. For those interested in early access we have a form to be whitelisted & to sign up directly. 🤝 https://contact213796.typeform.com/to/B8i4waLZ

 D. | Satoshi Club: Thanks! so it’s open for everyone?

Verrien: It’s open to our discord community initially, whitelisted by Eth address.

Q2 from Telegram user @lzamg

Can you give us more details about the $PLN token? Is it an ERC20 token? When can we expect the Tokenomics of $PLN? Do you have plans of leading pre-sales, private or public?

Alpha DeFi: Pollen (PLN) is a token that is always backed by underlying DAO assets. The token is designed to be a DeFi native, as a less volatile asset designed to outperform the market.

Verrien: $PLN is an ERC token is its fully backed by DAO TLV (underlying DAO assets). It’s designed to be less volatile and a safe harbor.

Alpha DeFi: In terms of sales. Not in the conventional sense, we have a portion of tokens allocated to accredited investors which we will raise in production. This will be used to fund the Pollen foundation. Pollen is community focused and we will ensure that the community has prioritized and early access to rewards.

Q3 from Telegram user @Unknown_Mark

So the higher the capitalization of Pollen, the more optimized the composition of the index, and therefore the greater the portfolio’s returns, can you please clarify to me this point? How can I get more return from using your project?

Alpha DeFi: Pollen is an Index asset pool where anyone can propose to invest / divest crypto tokens. Pollen rewards good decisions. Members who make proposals that benefit the asset pool are rewarded alongside those who voted for them.

Invest / divest decisions that benefit the asset pool are rewarded. As Pollen is able to identify governance users with the best decision making performance, the model encourages other users to delegate their voting rights to them (social trading).

Verrien: One last point, community focused means there is no early alpha to investors, and community will be the first to access the platform at block zero.

D. | Satoshi Club: Btw is still not too late to be an investor, for those who want to, or this round already closed?

Verrien: The round is open and we’ll begin onboarding capital once we are in production later this month.

Q4 from Telegram user @KevSalom

DeFi is something new yet, but it strikes me that you already talk about a next generation or 2.0 DeFi… So, are you already incorporating this new term? What is the distinctive element that would make the contrast between the DeFi we know and the next generation DeFi?

Alpha DeFi: We believe the DeFi is evolving fast. And the way we are contributing to the next generation of DeFi and DAOs is to build our own from the ground up. What we believe and define as the next phase for Defi, is to take and build on what Defi and DAs have currently, evolve in a new way to expand on these foundations further.

Pollen was designed to address a number of DeFi specific problems:

i) The creation of the DeFi native and less volatile PLN asset.

ii) To provide a more accessible and safer way to participate in the DeFi ecosystem.

iii) To create a new, better way to decentralize DeFi governance.

Gold Rocket | Satoshi Club: Creating a new one is always a difficult process!

Alpha DeFi: It’s never easy, but it is also rewarding and allows us to fully build it from the ground up for our community & purpose. We didn’t want to create just another copy & paste platform and DAO.

Gold Rocket | Satoshi Club: By the way, tell us a little more about your team. How many people are involved in making Pollen?

Alpha DeFi: We’ve been working on Pollen for over a year. It’s actually our 1 Year anniversary this month 🎉😄 The Pollen project started in February 2020 as an open source project with the mission of providing better tools and protocols for the DeFi ecosystem.

We have quite the global team too. Developed as a decentralized organization it drew talent from all over the world (UK, US, Berlin and Russia). Check & follow along our GitHub

https://github.com/PollenDeFi

Q5 from Telegram user @Highpee

In medium, you said that Pollen is a DAO for asset portfolio management and there is no need to own an asset to create proposal to add or remove assets from the DAO. But in the same publication, you also said that the Pollen DAO is governed by STEM token holders and secured by game theory. This sounds a bit confusing and I will need you to provide clarification. Also, since you allow delegated voting where a user can give up his voting right to another, how will you ensure fairness and that this will not be lobbied or manipulated to swing decisions toward a particular direction?

Alpha DeFi: Pollen identifies the best governance decision-makers based on voting reputation and adds them to a Collective Delegation group. This makes delegating STEM easy and makes sure the right people are making the majority of invest/divest decisions.

STEM holders may choose to delegate their vote and share rewards. Also for the 2nd half of the question about Fairness, it is something we also considered as well.  I.e. Whale domination or takeovers. We have a number of methods to avoid unfairness/whale domination. For 1/ STEM governance is meteoric, this means smaller players can accumulate STEM based on voting performance rather than the size of their position.

Secondly, we have automatic filling of orders via liquidity pools, this means participants without assets at hand, can still make proposals (and be rewarded with STEM if passed), orders are automatically filled if the proposal is passed.

Q6 from Telegram user @Arisabela

I saw that Pollen is based on the notion that trough cooperation and aligned incentives you can create a system which produces mutual benefits for all, just like the bees. Community cooperation is needed in order to achieve this task, what are the incentives Pollen offers to the community and what expects to receive in return?

Alpha DeFi: It is indeed a collective community just like bees. Reputation in Pollen is based on voting history, we determine how rewards are based on the outcome of decisions taken. Pollen uses a reputation based governance model, we have a number of mechanisms in place to prevent manipulation these include a dynamic pool of the 128 best performers which we call ‘Collective Delegation’.

As Eth addresses pseudo anonymous and the pool dynamic, with cascading voting power within this pool, and with addresses in this pool changing constantly, collusion is extremely challenging. Additionally, as PLN has an internal price calculation, it is much harder to manipulate and there is little to be gained.

As a holder of Pollen & STEM, how can you increase your reputation? There are a number of ways:

✔️By submitting a successfully accepted proposal to add or remove an asset

✔️By voting on a proposal whether to accept or reject

✔️By executing an order

✔️By performing state update tasks, e.g. updating proposals states, or minting rewards for the reward pool.

✔️By owning Pollen – user that hold PLN are rewarded STEM

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guests chose some of them.

Q1 from Telegram User @testercoin

What kind of users are you targeting with this project as your customers?

Verrien: Pollen is a DAO and we don’t view users as customers. One of problems we wanted to solve from the outset was making a DeFi accessible and safe, and as such Pollen has unprecedented user friendliness. Our Pollenator DAO which is a separate adjoining platform is geared more towards those who participate professionally.

Q2 from Telegram User @topind7

What is your plan to optimize digital asset management and reduce market risk?

Adam C: The eventual plan is to support separate asset pools, categorized by risk and asset types. Low risk pools will be suitable for more traditional financial institutions looking to gain fixed yield defi exposure. We’ll also be looking to add support for leveraged and short positions, allowing portfolio managers to manage market risk effectively.

Q3 from Telegram User @Chinthaka93

You have mentioned that “The PLN token is less volatile and uncorrelated; a new DeFi primitive on which to build” How do you say that PLN is less volatile? We all know that no crypto currencies are non-volatile other than the stable coins. Is PLN a stable coin or normal volatile coin?

Alpha DeFi: Pollen is not a stablecoin. However, Pollen (PLN) is a token that is always backed by underlying DAO assets. The token is designed to be a DeFi native, as a less volatile asset designed to outperform the market.

Q4 from Telegram User @leixagarcia

It strikes me that you comment that we can delegate our vote… How would this be? What would this look like, who can you choose to delegate it to?

Verrien: In Pollen, any Eth address can delegate voting power to any other Eth address, sharing governance rewards. However, we also system called ‘Collective Delegation’ this is a dynamic pool of top performers, made up of 128 Eth addresses. This not only ensures that your voting power will always go to the most deserving, it also means from a UI perspective, it means that delegation looks a lot like staking, producing yield and without painful unstaking.

Q5 from Telegram User @JoxesXIII

Your project claims to be DeFi by the people, but with these high fees it is impossible to execute smart contracts, what solution do you have for this?

Adam C: We have already started working on a layer 2 solution for voting and in the future are planning to introduce gas-less voting utilizing the STEM token itself. Proposal execution is a little trickier but we are exploring some optimizations there.

Q6 from Telegram User @BlancaSdF

How long do you think DeFi will replace CeFi and what role will Pollen play in this?

Verrien: For one I feel we need fully decentralized asset management. And the space needs to be safer and more accessible. Currently DeFi is an essentially a niche for experts, we need to address a number of underlying issues if it’s to grow.

Q7 from Telegram User @Boylut

How many $Stem do I need to hold in other to be part of the DAO?

Adam C: There is currently no minimum requirement of STEM to hold to participate in the DAO in terms of creating proposals and performing tasks like state updates. You will need some STEM to vote however.

Q8 from Telegram User @BJosefina61

Are there risks of loss by delegating my funds to the Pollen protocol, from the point of view of volatility?

Verrien: There is no risk of loss through delegation, and delegating voting power does not mean no longer have position of any tokens held. We’ve implemented a system called ‘traceable delegation’ which traces voting power, and this enables the aforementioned.

Q9 from Telegram User @Guandog

How do you plan to prevent small community groups from getting together to cooperate with each other to the detriment of the rest of the Pollen DeFi members?

Verrien: It’s challenging to collude due to mechanisms such as collective delegation and lack of overall economic incentives. We use a governance process which only allows certain asset types, and as the DAO has an internal price calculation for $PLN, there is little upside even if collusion were possible.

Q10 from Telegram User @wonderkit

Why is Pollen looking for developers in different countries or why not hire a developer close to you or where you work?

Verrien: Pollen is a distributed organization, in part due to our origins as an open source project.

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Pollen. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Pollen Telegram Group: https://t.me/pollen_dao

We are pleased to announce our next AMA on February 16th 2021 at 02:00 PM UTC Time: Satoshi Club x Apollo Protocol

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

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

Part 3: 800$ – A quiz about Apollo Protocol

For more details:
Apollo Protocol – @ApolloProtocol
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 Paralink Network and our guest was Jan Knezevic the CEO of Paralink Network. The AMA took place on 10 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 community

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Paralink Network! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello, dear Satoshi Clubbers!

We are pleased to announce our AMA with Paralink Network😊

Today our guest is @janknezevic!

Jan Knežević: Hi everyone great to be here!

Gold Rocket | Satoshi Club: Welcome to Satoshi Club, @janknezevic!

Mary | Satoshi Club: Hello, Jan! how’s going?

Jan Knežević: Great! We are working hard as our countries are in lockdown, so we don’t have any distractions or missed opportunities as there is nothing else to do but work:)

Gold Rocket | Satoshi Club: To begin with, please tell us a few words about yourselves and how did you get to be involved in Paralink Network😊

Mary | Satoshi Club: Yes, you’re right! And i am happy that we have great opportunity to work from home!

Jan Knežević: I am Jan Knezevic and im the CEO of Paralink Network. My background is in business and economics- more specifically i worked as an auditor for KPMG , i was an actuary in a life insurance company and later on i transitioned into consulting blockchain projects with accounting and business development  as well as conducting internal audits. Last year i was part of a team that acted like a data vendor for blockchain data, we collected pricing, on chain and sentiment data and created qualitative indicators for traders. I was also an active day and swing trader on the stock market trading stocks and stock options and later on transitioned into trading cryptocurrencies.

We decided to build Paralink Network in q2 of 2020 after looking at other oracle solutions and seeing that the technology stack they are built on isn’t sufficient for providing a stable and resilient service. That is why we decided to build on polkadot to achieve higher throughput and add sufficiently expressive ETL systems and an advanced querying language which we felt were lacking in the current solutions.

Gold Rocket | Satoshi Club: Great experience! 👍

Mary | Satoshi Club: KPMG, familiar name! I like your experience 👍

It’s interesting, that you learned about blockchain from your work😀

Usually people are coming on the wave of hype 😉

Polkadot developing fast, so i can understand your choice 👍

Gold Rocket | Satoshi Club: Thank you very much for great intro! Are you ready to proceed to the questions from the community?

Jan Knežević: Yeah sure

Q1 from Telegram user @Xusuo

I read that Paralink Network was build on Polkadot but in the same site you also build your own Token on the Ethereum ERC20, can you explain the reason, isn’t this will make a contradiction?

Jan Knežević: Paralink network is chain agnostic. We want to implement our solution to all major blockchains. We decided to launch an ERC-20 token first as it is a accepted standard that all exchanges support already and because the current DEFI ecosystem exists mainly on ethereum. When we obtain a parachain we will launch a parachain native token which will be interchangeable 1:1 with ERC 20 token and centralized exchanges will act as intermediaries between the 2. Kind of like with USDT where it runs on 9 different chains and most users don’t even know that.

Mary | Satoshi Club: Got it👍

When do you plan to obtain parachain?

Jan Knežević: The initial auction is probably out of reach for us as we think the cost will be between 10-25mio $. We believe the cost will go down significantly in the latter auctions as the exclusivity of the initial auction fades away. That is when we plan to obtain a parachain slot. There is an option to obtain it in the initial auction if enough users stake their DOTs for us. We are in talks with exchanges who can provide this mechanism and if we list there we might get enough users to stake their DOTs so that we can obtain the slot in the initial auction, but there is always an uncertainty as there are many great projects competing for a limited amount of slots.

Gold Rocket | Satoshi Club: Well! You thought this whole process well enough! 👏👏👏

Mary | Satoshi Club: Thank you! It’s clear now 😊

Ready to proceed?

Jan Knežević: Yes

Q2 from Telegram user @Indomiekuy

 Paralink Network have Token (PARA) that can be used for an incentive and governance Token. But can you explain what incentive that holder will get? Can we also stake PARA Token and what is the benefit from staking?

Jan Knežević: First of all, its used to pay the transaction costs of the callbacks as well as for services provided by the relayer quorums.

Besides this, its also serves an important role for incentives -so it can be staked into the relayer quorums – and those get rewarded for providing useful work – also the other way around – slashed for misbehaviour.

Its also a governance token, so you can vote for collators on the parachain as well as calibrating other parameters through the ecosystem.

And lastly, you can use it to provide liquidity in PARA AMMs and earn more of them.

Mary | Satoshi Club: When staking will start?

Jan Knežević: The exact date is not known yet Q2 or Q3 of this year.

Mary | Satoshi Club: How PARA tokens will be distributed?

Jan Knežević: The private sale rounds will be distributed over the course of 1 year in 5 batches. On average around 20 % each quarter after TGE. Team tokens will be distributed over the course of 2 years with a cliff at 6 months after TGE. For more information check here: https://blog.paralink.network/para-tokenomics/

Mary | Satoshi Club: Thanks! Nice distribution model😀

Ready for the next question?

Jan Knežević: yes

Gold Rocket | Satoshi Club: thanks a lot for the answers!

Q3 from Telegram user @alice_wonderland12

 The data required is searched in the oracle through the Paralink Query Language, what are the particularities of this language? Doesn’t it limitate the applications that can use it, due to translation problems or makes more difficult the understanding of the oracle?

Jan Knežević: Paralink data requests can be made via PQL definitions, which are JSON based descriptions of ETL (Extract, Transform & Load) jobs. PQL queries are done via SQL like interface which generalizes over common data structures (JSON, XML, SQL), and includes basic post processing utilities such as math functions and type casting.

The data collected from multiple sources and aggregated with a function like median or mean, validated using validation conditions and then returned to the caller’s smart contract of choice via the callback.

https://docs.paralink.network/whitepaper/PQL.html/

https://docs.paralink.network/developer-guide/paralink-query-language.html/

Mary | Satoshi Club: So, users won’t have any translation problems and limitations?

Jan Knežević: No

Mary | Satoshi Club: Great😀

Jan Knežević: We will also create a drag and drop easy to use UI for PQL so that non developers can also use it.

Mary | Satoshi Club: That’s a great idea, because not all of us are familiar with tech things😉

Ready for the next question?

Gold Rocket | Satoshi Club: Oh it really matters👍

Jan Knežević: yes

Q4 from Telegram User @Arisabela

One of Paralink services use cases is derivatives and money market, which enables realtime asset pricing, that’s a lot of data to manage, how is Paralink accessing in a secure and efficient way to provide all this data from the money markets?

Mary | Satoshi Club: 👀

Jan Knežević: To satisfy all kinds of applications, Paralink offers 3 security models with different cost, convenience and security characteristics.

Simple Oracle

Paralink Nodes can be used as a multi-chain oracle from any 3rd party data source by any developer.

Trusted Oracle

Simple Oracle can be upgraded by the virtue of cryptographically signed PQL results with ECDSA private keys from reputable data providers.

On-Chain Consensus

For applications that require the highest level of security, without having to rely on a single source of truth.

For real time pricing of derivatives the suitable options are Trusted oracle and On-Chain consensus. The first one is cheaper to use but has to rely on the trustworthiness of the trusted source of information, which can have serious consequences as we saw in the last few months when outages of APIs have unfairly liquidated derivatives holders. This is why we created the On-Chain consensus solution which is unique to Paralink. With it you will be able to get information from multiple sources and thereby increasing resilience and accuracy of the data.  The throughput needed for real time pricing will be available when Polkadot launches as it is unfeasible with the the current technology stack.

For pros and cons of each solution check here:

https://docs.paralink.network/whitepaper/security.html/

https://docs.paralink.network/whitepaper/consensus.html/

Gold Rocket | Satoshi Club: Thanks for sharing!👍

Mary | Satoshi Club: Requires the use of bridges, ie. Polkadot <> Ethereum, so not all chains are supported. Which next chain support you will add?

Jan Knežević: We will use Darwinias bridge for ethereum. We have already integrated with Plasm and are working on the integration with Moonbeam and many others. Integrations take a lot of development time which is why we will constantly add blockchains we support. The use of bridges is needed for the relayer quorum solution as aggregation on chain is unfeasible on ethereum because of the gas costs.

Mary | Satoshi Club: Sure! And i understand your concern about gas costs🤷 hope we will see better numbers in the nearest future!

Ready to jump to the next question?

Jan Knežević: yes

Q5 from Telegram user @yellowchamp

 Part of your roadmap this Q1 2021 is the TGE or Token Generation Event for Paralink Network. So can you tell us the overview of this Token Generation Event(TGE) in your platform? How can we participate in this event? What are the qualifications and requirements? What are the benefits for early adopters of this event? Thank you

Jan Knežević: The TGE will take place before exchange listing. Unfortunately the private sale is closed already so the only way to buy the token will be on an exchange or OTC after TGE. We are creating an ambasador program where applicants will get rewarded in PARA tokens which they will receive at TGE before listing on exchange. Token rewards will be available constantly through our community engagement activities such as meme contests and similar activities.

Gold Rocket | Satoshi Club: Sounds good 😊

Mary | Satoshi Club: Oh, i know some our members like meme contests so much😂

This ambassador program will go in the nearest future?

Jan Knežević: Yes

Mary | Satoshi Club: Great! We will follow your updates!

Jan Knežević: we will inform everyone about it through our social media channels

Mary | Satoshi Club: Sure! Thank you!

Ready for the 6th and last question from this part?

Jan Knežević: yes

Q6 from Telegram user @garrinepotter

You have launched developer testnet. How active is the work? Perhaps you can share with us what interesting things you are developing now?

Jan Knežević: We are very active on the development side. We open sourced our node last month and as stated launched developer testnet. We are preparing a block explorer which will be launched in the near future. We are also adding new features to the testnet soon. Development is currently split between integrations with other blockchains and building our own product. We are onboarding new developers as we finished with fundraising so we have an option to expand the team. We have received pull requests already and some of the devs interested in contributing are already on a trial period. If anyone is interested here please feel free to take a look. We are improving the documentation every day and any feedback is greatly appreciated.

https://github.com/paralink-network/

https://docs.paralink.network/developer-guide/getting-started.html/

Mary | Satoshi Club: Thanks! Sure a lot of developers will join!

Ready to start with the live part?😀

Jan Knežević: Yes

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Abisola1

Can you list your notable investors? Are they well-known in the industry? @janknezevic

Jan Knežević: LD capital, NGC, Kenetic, Genesis block, 3 commas, Bitcoin.com. They are helping us throughout the way with their connections advisory and introductions to other projects in their portfolios for potential partnerships.

Q2 from Telegram user @Joesunda

According to its tokenomics there is no amount in the public sale, is that to say why there was no public sale and why?

Jan Knežević: We have decided not to host a public sale as the existing platforms don’t provide a fair random distribution. The interest for the public sale was also much larger than expected and most of the interested buyers would get left out. These are the reasons we decided against it. In the tokenomics you can see the changes with timestamps. The public sale was supposed to be 0,44% of the total supply.

Q3 from Telegram user @Boylut

There is a lot of demand for GraphQL, do you have any plan of adding it integration? @janknezevic

Jan Knežević: It already supports GraphQL

Q4 from Telegram user @DanielMZ21

ill Paralink obtain a parachain on Polkadot? Or do you only plan to use Kusama for now?

Jan Knežević: We will launch on Kusama first and afterwards obtain a parachain slot on Polkadot. The details of slot obtainment are explained in the earlier answers.

Q5 from Telegram user @tuvalunia

There are several oracle platforms. Why should we choose Paralink?

Jan Knežević: I’d like to show you a comparison table so you can have a clear picture about the advantages that we have over the current competitors. One of the biggest additions is the advanced queries and ETLs. We believe this will change the way people build dapps and think about data ingress into smart contracts.

Also, having cross-chain capabilities while maintaining on-chain validation and aggregation gives us the flexibility to do the kind of processing never possible before.

Q6 from Telegram user @bangolbd

What are your plans for the 2021 in terms of developing? @janknezevic

Jan Knežević: Block explorer, improve functionalities of testnet, Launch a parachain on Rococo testnet, PARA staking and rewards, Deploy Paralink as parachain on Kusama network, Data stream reliability explorer, Quorums reputation tracking, Deploy Paralink as parachain on Polkadot ( depends on when we obtain a slot)

Q7 from Telegram user @CryptoDurden

If Ethereum 2.0 ultimately delivers better functionality than Polkadot. Are you moving to Ethereum 2.0 or are you continuing to develop infrastructure on Polkadot?

Jan Knežević: We decided to build on Polkadot as we think that they will deliver a functional solution much earlier than Ethereum 2.0 which is currently in phase 0. As soon as there is a better technology stack we will focus our attention on it but for the foreseeable future we are betting that Polkadot will be the most functional ecosystem.

Q8 from Telegram user @Unknown_Mark

From your website I saw that accessing real-world data is easy with Paralink Query Language and a community maintained registry of PQL querie , can you please tell me what is Paralink Query Language? I mean how can I benefit from using it ?

Thanks

Jan Knežević: Paralink data requests can be made via PQL definitions, which are JSON based descriptions of ETL (Extract, Transform & Load) jobs. PQL queries are done via SQL like interface which generalizes over common data structures (JSON, XML, SQL), and includes basic post processing utilities such as math functions and type casting.

The data collected from multiple sources and aggregated with a function like median or mean, validated using validation conditions and then returned to the caller’s smart contract of choice via the callback.

https://docs.paralink.network/whitepaper/PQL.html/

https://docs.paralink.network/developer-guide/paralink-query-language.html/

Q9 from Telegram user @Giniwhite

Is there a reason why Paralink is building a consensus module with Polkadot’s substrate? What advantages does this provide for your project?

Jan Knežević: Because Polkadot allow incomparably higher throughput which makes the on real time information with chain consensus model feasible.

Q10 from Telegram user @PerishepaTrade

Can you tell us more about the Darwinia integration? Can I join the testnet?

Jan Knežević: Anyone can join testnet.

Some data sources require more security than others. One such example are the real-time price feeds to be used in decentralized derivative and money markets, where any corruption in the price feeds can result in large financial losses. For this use case, a reputable quorum of relayers with on-chain coordination, validation and aggregation mechanisms is required. Performing such consensus algorithm at high frequency is prohibitively expensive on Ethereum due to low throughput and high gas costs. For this reason, Paralink on-chain consensus algorithm is being built using Polkadot and its Substrate stack.

A parachain with oracle quorums is great for the Polkadot ecosystem as it provides a reliable and trustworthy oracle platform the for other parachains. However it would be great if the results of on-chain oracle aggregation and validation could be relayed to other chains such as Ethereum as well.

This is there the Darwinia Bridge Chain comes into play. Darwinia is building a first truly decentralized bridge solution, which is the primary candidate for solving our problem of relaying our computation results to non-Polkadot chains.

https://blog.paralink.network/paralink-is-integrating-with-darwinia/

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: https://t.me/paralink_network/

Twitter: https://twitter.com/ParalinkNetwork/

Website blog: https://blog.paralink.network/

We are pleased to announce our next AMA on February 14th 2021 at 02:00 PM UTC Time: Satoshi Club x Polygon (previously Matic)

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Polygon (previously Matic) 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. Polygon (previously Matic) Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Polygon (previously Matic)

For more details:
Polygon (previously Matic) – @maticnetwork
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 Opher. Our guest was Omar Nabil, CEO and Founder of Opher. The AMA took place on 9^th 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 community

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

D. | Satoshi Club: hello everyone!

our guest today @nab1992 ! hello! nice to see you in Satoshi club!

Omar Nabil: Thanks for the greetings everyone! it’s a pleasure to be here

Mary | Satoshi Club: Hello, Omar Nabil! Happy to see you here 👍

How was your day?

Omar Nabil: it’s great! hope you’re doing fine too

Mary | Satoshi Club: Of course 😀 so, let’s start our AMA!

Omar Nabil: Superb

Mary | Satoshi Club: And as usually we will start it with intro 🚀

Please, introduce yourself and tell us more about Opher😀

Omar Nabil: This is Omar Nabil, CEO, and Founder of Opher, It’s a pleasure running this AMA together today, and I’m totally excited to share with your community what Opher is all about

What is Opher? We’re a subscription-based app that connects you with your favorite brands and platforms in which you need to continually be informed with its news, and Opher keeps you updated with the latest offers and deals in the form of push-notifications, so you don’t miss a thing at all!

D. | Satoshi Club: sounds good! it should be very convenient 😉

Mary | Satoshi Club: It’s interesting! But can you tell us why you need blockchain for this?

Omar Nabil: Of course, We want to bring convenience to everyday users and merchants, and simplify the experience for them 😊

Blockchain is needed for this project for security reasons and to keep the user’s data base safe and help design a better app for them based on their requirements 👌

Mary | Satoshi Club: It makes sense 👍

How old is Opher project?

Omar Nabil: We are working on the demo that will be public during April this year, and we hope to have the app launched this June

Mary | Satoshi Club: When did you start to work on it?😀

D. | Satoshi Club: not too long to wait😊

Omar Nabil: We have started working on it two months ago

Mary | Satoshi Club: Got it! Young but fast developing project 🚀

Thank you for your introduction! Ready to start with the questions from our community?😀

Omar Nabil: yes, time is of utmost importance to us 🚀🚀🚀

Ready!

D. | Satoshi Club: let’s start!

Q1 from Telegram user @Unknown_Mark

I saw on you website that Opher is my everyday-app that alerts me about deals and offers from local and worldwide restaurants and stores, Can you please tell me how this function will work? I mean what should I do to keep up with all the offers from all the restaurants and stores ? Thanks

Omar Nabil: Of course, the process is quite simple!  After you download the app and subscribe to the channels you want to remain linked to, you are notified accordingly in that sequence,  We believe that Opher would have hundreds of partners in our network from various retailers, brands, and websites, but, of course, you will not receive any of these alerts, only the ones you have shown interest in and have gladly followed.

Hope this made things clearer

Mary | Satoshi Club: Do we already have such kind if projects in blockchain industry? I mean your competitors?😀

Omar Nabil: We don’t believe there are other platforms that include everything from stores, restaurants, e-commerce as well as blockchain and crypto-related platforms, to have it as a one-stop app for all news, that’s what makes Opher special

Mary | Satoshi Club: Wow, i remember someone called this ‘blue ocean’ strategy 😉

Ready to proceed?

Omar Nabil: Yep, Let’s go! 👌

Q2 from Telegram user @stevefix56

Opher offers wide range benefits from instant communication finding deals and offers from favorite brands. Am concerned about Opher team. What is the capacity of your team? Considering the volume of stores available worldwide. how will your team integrate updates on these stores. How do Opreh get funds in running of the app?

Omar Nabil: Merchants and partners are the ones responsible for releasing updates and news on our app to be received into your phones, and about the team, It’s a great time that can make a great app, and bring up great ideas always, therefore we always make sure to hire qualified individuals who show great interest in what we are creating, We also plan on acquiring international merchants and partners, that’s why our team is quite diversified and special

Mary | Satoshi Club: You have international team, right?😀

Omar Nabil: We have private investors and are working on it, as our token sale receivables will all be in locked liquidity

yes

D. | Satoshi Club: please, tell us about your team. how many people working on Opher app at the moment?

Omar Nabil: We are 8 team members at the moment and ofcourse we will be expanding our team members

Mary | Satoshi Club: 👍

Thank you for your answers! Ready to jump to the next question?

Omar Nabil: sure

Q3 from Telegram user @meml97

Opher is a subscription based app, but it offers quite a lot of things that other free apps offers, so, how are you planning to convince people to pay their subscription to Opher? How are you going to make them believe that you are their best choice no matter if they have to pay for it or not? Speaking of, how will this subscription be, how much do we have to pay?

Omar Nabil: The application is for free! to all users and merchants, but there are some extra special features that token holders will be able to do in our app, giving them more benefits, As for Opher’s token, is created to simplify the use of the application and give more options to its holders, once issued and bought, users can utilize the token in many ways like:

1. Subscribe and follow as many shops, brands, and channels as they want.

2. An infinite number of push notifications are issued from the categories they follow and are interested in

3. To compile the sales and offers inside the application itself, in a special list to be easily found and revisited

4. In addition to being updated with notifications from the website or store that are announced by the partner or merchant itself, the token’s holders can receive coupons and special codes designed by our team exclusively for those owning any amount of the tokens.

D. | Satoshi Club: got it! nice benefits for token holders! 👌  by the way, which blockchain you use for your app? is it one of the existing blockchains or your own?

Omar Nabil: We are using Ethereum

Mary | Satoshi Club: Yes, token holders will really benefit😀 Which supply will you have? How tokens will be distributed?

Omar Nabil: We will release all the info needed on the token sale in an article on our medium, so stay tuned👌

D. | Satoshi Club: are you not afraid gas fees? or you app will solve/avoid this problem?😊

Mary | Satoshi Club: Got it! Will definitely follow your updates!

Omar Nabil: we have nothing to do with gas fees, the app is for free, there won’t be any transactions needed for users

great

D. | Satoshi Club: understood, thanks 👍

ready for the next question?

Omar Nabil: yes

Q4 from Telegram user @alice_wonderland12

Opher plans to be in touch with several centralized brands, do you plan to have a role in DeFi? If you do, how will you be able to manage the fact of including centralized peers while keeping the market place decentralized?

Omar Nabil: We do not have a role in DeFi, it has nothing to do with the app

Mary | Satoshi Club: You know, it’s very fashionable now to use DeFi or NFT😂

D. | Satoshi Club: so you not planning any actions in DeFi direction?

haha 😁

Omar Nabil: Nope

Mary | Satoshi Club: Understand! Thanks!

Ready to go to the next question?

Omar Nabil: yes

D. | Satoshi Club: let’s do this! 🚀

Q5 from Telegram user @Highpee

Push Notification is more appreciated when it is relevant and necessary. Just as we have in email services where spam message are filtered from important ones, will Opher have a way of ensuring that the notifications that are pushed to users are relevant? Does your service control how users are notified and can user themselves control and customise the notification pushed to them such as the type, frequency or set priority?

Omar Nabil: Push notifications are a golden ticket for some brands, but sometimes they get to be annoying if don’t get to the right audience, We are here to make things easier for people, not harder

bear in mind that the audience has willingly downloaded the app, and is ready to receive notifications from their favorite stores to which they have subscribed, as long as we don’t misuse this push-notifications special feature, by sending them out to every store’s or platform’s subscribers, instead of sending a mass bulk of notifications randomly.

Mary | Satoshi Club: Will you control the number of notifications which stores will send?

Because even one store can be annoying

Omar Nabil: We will do our best to make it as organized as possible and make sure that merchants and partners to not spam their users even if they have subscribed to them

Mary | Satoshi Club: Great!👍

Ready for the 6th and last question from this part?🚀

Omar Nabil: yepp

Q6 from Telegram user @AmirJosh

So far, how many companies and subscribers already registered on Opher App? Is there any special promo right now to attract new subs and clients?

Omar Nabil: We are working on acquiring more and more partners everyday, to attract our users and other merchants, we have closed the deal with several partners that we will announce very soon!

D. | Satoshi Club: you mentioned that we will see your demo in April, will it be for everyone, every person be able to download and test it?

Omar Nabil: Yes definiteley!

Mary | Satoshi Club: So, we are waiting for news from you🚀🚀🚀

Omar Nabil: great to hear that🚀😊

D. | Satoshi Club: btw do you prepare any bonuses for early users/adopters?😉

Omar Nabil: Ofcourse

Mary | Satoshi Club: In the same time our members are waiting for live part to ask you some questions 😉 ready for it?

Omar Nabil: Let’s go! can’t wait to hear your questions

Ready

D. | Satoshi Club: thank you for answers in part 1! @nab1992 we will open chat for 2 minutes, after chat wil be closed – you can start select questions from Satoshi Сlub members!

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Gutike95

Can any type of product really be found on Opher? They can publish both real estate and contracts of various services?

Omar Nabil: Yep! any platform or merchant that wants to update their users with news and offers, can become a part of Opher’s partners networks

Q2 from Telegram user @Giniwhite

Can users customize Opher services in such a way that only the notifications of their interest reach them?

Omar Nabil: Of course, Users can customize and have a personalized experience through Opher, as they get to choose which partners they want to subscribe to, follow, and which categories are of their interest

Q3 from Telegram user @dumpspump

Are you thinking about more use cases for your application like maybe news services?

Omar Nabil: Yep! Users do not only get notified with deals and offers, actually, most of the time merchants and partners want to notify their audience with generic news, events, and more, so we need to make that possible for both the users and merchants to stay as connected as possible!

Q4 from Telegram user @leixagarcia

🟢 Do I have to be a brand to advertise something on Opher? Is it not possible to advertise a particular course through this medium? Would it work even if people didn’t know me?

Omar Nabil

We want to make it possible to all brands, however small or big they are, whatever their scale is, to be able to reach their audience and connect with them in a great way, so ofcourse, such brands will get the recognition they need through Opher

Q5 from Telegram user @AirdropAMA

COVID-19 led to a series of lockdown that has had crippling effects on so many projects. What effect has it had on your hardworking team, the project itself and it’s roadmap? Will the new wave have any negative effect on this project?

Omar Nabil: We believe that all businesses are directing their efforts to being online and reaching their audiences worldwide during the Covid-19 pandemic, and we  believe that Opher will greatly help keep the users safe during such times of crisis by checking every offer and deal online, instead of relying on visiting stores physically

Q6 from Telegram user @AugusS7

Will all associated products in Opher have to be from a specific location or country? or really which world trade can associate or publish their content with Opher?

Omar Nabil: Opher is a world-wide application that will allow all users around the world connect with any partner around the world, it’s not restricted to any specific country!

Q7 from Telegram user @Xusuo

Beside notification about offer and deal, do you have plan to make other feature for Opher project? If yes what is your new development?

Omar Nabil: We believe that this app will open the doors to many new opportunities, features, and exciting news for the community, we are always working our efforts into creating something quite extraordinary, and we will announce news and updates every while, so stay alerted!

Q8 from Telegram user @Prof_Rz

Facebook and Instagram usually use the information of the users to give recommendations of stores according to their interests. What differences does Opher bring in terms of privacy?

Omar Nabil: The privacy of our users is very important to us, and it always be, therefore, users will get to choose which platforms they want and need to follow, instead of acquiring any data about their preferences in an illegal way, we want them to customize their experience and navigate through the app with no worries at all!

Q9 from Telegram user @Gbasdfg

☘Is there more benefits as a Merchant than an user by using Opher? Who is your Main Target?

Omar Nabil: There are many benefits for being an Opher merchant, some of them are:

Additional revenue stream

Attract new customers

More visibility through Opher

More repeat business from all customers, and ofcourse many more, follow our website and check our whitepaper to see how we could greatly help both users and merchants

Q10 from Telegram user @Manugotsuka

The Opher website have a section to “Merchants” so apart of be an notification project it’s also a e-commerce website too?

Omar Nabil: No, we are not an ecommerce website, we are only here to connect both worlds, the users and brands and create a thrilling experience for both!

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: https://t.me/opherio/

Twitter: http://twitter.com/Opherio/

Websites: http://opher.io/

PART 1. Introduction of Passive income and community questions.

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

Passive income is the world’s first passive yield DEX. It s here to revolutionize DeFi. A new paradigm of decentralized economic modeling.

The plan of AMA session:

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

Useful Links of  Passive income

The reward pool is 1000$

Leading the AMA our clever and fun admins:

Mary | Satoshi Club – @madamlobster and Gold Rocket | Satoshi Club – @GoldRocket27

The Representative of the project:

Bjorn PSI – @PSIdev

Henk ter Harmsel – @HenkTerHarmsel

Introduction of Passive income.

Mary | satoshi club:

Hello, satoshi club! We are happy to announce our ama session with passive.income (psi)! Welcome to satoshi club😀

Gold rocket | satoshi club:

We conclude our today’s ama marathon series with passive.income (psi)

Today our guests are @henkterharmsel and @psidev!

Bjorn psi (never dm first!):

Hello everyone 👋

Mary | satoshi club:

Hello! Happy to see you here! How’s going?😀

Gold rocket | satoshi club:

Welcome to satoshi club, @henkterharmsel, and @psidev!

Henk ter harmsel:

Hi guys! 😊

Bjorn psi (never dm first!):

Everything is really good! Stuck in a blizzard today over here.

Mary | satoshi club:

Hello, Henk!

Bjorn psi (never dm first!):

How are you? 😁

Mary | satoshi club:

We are fine! Excited to hear a lot of interesting facts about passive.income (psi) today!🚀

Bjorn psi (never dm first!):

Vice versa! More than happy to share our innovative concepts and ideas.

Mary | satoshi club:

We like innovative concepts here😉🚀

Bjorn psi (never dm first!):

It’s a true pleasure being here in the satoshi club. 💪

Mary | satoshi club:

Could you please introduce yourself and tell us how did you start with passive.income (psi)?😀

Sure! So, we can start with the intro 🚀🚀🚀

Bjorn psi (never dm first!):

Now I think I just came to the right place then hehe.

Bjorn psi (never dm first!):

Let’s do it!

Gold rocket | satoshi club:

In the right place at the right time! I agree with you! 😉🚀

Bjorn psi (never dm first!):

Nice to meet you all,

At first, I like to introduce myself,

I’m Bjorn mattens from the Netherlands currently living in the city of Roosendaal.

I have been entrepreneurial from a very young age, this came forward from my father as he has been pushing me forward from day one 😁💪

I have managed and co-founded many businesses, from cryptocurrency projects to restaurants.

Our team of passive income is very dedicated and highly skilled in many different expertises. We have advisors working at multi-billion businesses and highly skilled senior blockchain developers.

Our true goal is to create a truly decentralized ecosystem where people can earn crypto without any hindrance. Doing this by reducing the complicity of the interfaces and being more transparent.

This is a little intro of us😁

Gold rocket | satoshi club:

Well! I like this! 😁 good start🚀

Mary | satoshi club:

Your father knew what he was doing! Your energy is unbelievable!

So, you’re telling that passive income is possible in crypto😉

Gold rocket | satoshi club:

The idea of passive income is not new. But we are very interested in how you implemented it! 😊

Bjorn psi (never dm first!):

Passive income is of course not a new idea, everyone knows that hehe.

 but the way how we implement it in an ecosystem brings a truly innovative perspective to it 😁

I have been part of the crypto community since early 2017, my right-hand @michaelnl  has been in crypto since 2013/2014 and been helping me very well with bringing this project to the place where it belongs, as well as our complete team is a very tight group of true visionaries that share a feeling for the good future of the DeFi space.

Mary | satoshi club:

With this bull/bear market sometimes it seems impossible 😂

Gold rocket | satoshi club:

How many people do you have as a team?

Bjorn psi (never dm first!):

We are with 9 core members with an additional 4 people on the payroll.

Gold rocket | satoshi club:

Not bad 😉

Mary | satoshi club:

I see that you already listed on many coin trackers and also have CEX! Great job, guys!

Bjorn psi (never dm first!):

You need a lot of hands for this space, things are going on light speed and we need to manage that. As crypto currency is moving forward every single day you need to be able to adapt fast.

Mary | satoshi club:

Thank you for your introduction!

Yes, you can’t be slow here😂

Gold rocket | satoshi club:

You are absolutely right! Only forward! 🚀🚀🚀

Bjorn psi (never dm first!):

Yes been listed on most coin tracking platforms the 2 main ones cg & cmc of course.

We have been listed in the innovation zone of BKex since the 5th of February.

You are welcome I could talk all day about this. 😁

Mary | satoshi club:

I know that it’s not so easy as it can seem😂

Bjorn psi (never dm first!):

Oh man don’t start about it😅

Mary | satoshi club:

I also like to talk with interesting people, but we have some questions from our community in the first part, ready to start with them?😂

Bjorn psi (never dm first!):

Of course, let me see. 👍

Henk ter harmsel:

Additional to this, with every project we are creating we are trying to bring back value to psi. Mostly in the forms of fees, evt farms, buybacks, and burning of tokens.

Gold rocket | satoshi club:

Sounds great 👍

Mary | satoshi club:

Sure! That’s great!

Preselected questions about the Passive income project.

Gold rocket | satoshi club:

Are you ready for questions from the community? 😉

Q1 from telegram user @lzamg**

On your roadmap, you mention that you will create the psi blockchain. Can you explain what is the psi blockchain and what kind of features it has for users? Is this blockchain similar to the Ethereum blockchain?

Bjorn psi (never dm first!):

Very good question!

As we believe a cryptocurrency can only become to its full potential when its concept is truly decoded in its own chain. We will be integrating the frictionless yield technology on a new level where it’s a lot more beneficial and user friendly. As this is a concept for in 2021+ I can not release to much information about this yet.

The 2 main components why the main net is necessary is the integration of frictionless yield & resource-based finance.

We will of course implement a cross-chain so we will be available on all networks.

Want to know more about resources based finance check out the venus project.

Bjorn psi (never dm first!):

Doing an own chain also requires maturity and a liquid capital base to be successful.

Gold rocket | satoshi club:

By the way, share with us your road map 2021😊

Mary | satoshi club:

Yes, a lot of new blockchains now. But the main problem of them as s that they don’t have active users there, people are still using eth

Henk ter harmsel:

Good one haha. In addition, we also put that on the roadmap some time ago already. At that moment (and surely now) the Ethereum fees were/are nuts and we decided we could make that better. Currently, there are already lots of other options (like BSC, fusion, etc) so we are revising this. We will only do this when we think we can really improve something like BSC or fusion or improve our token system on our own chain. Cross-chain compatibility would be better as a first step.

Mary | satoshi club:

How do you plan to solve this?

Bjorn psi (never dm first!):

We have not released a fully detailed roadmap yet. This will be done within the first quarter of 2021

Gold rocket | satoshi club:

Well, I see that you have included all the trends of today! Success is not far off 😉🚀

Bjorn psi (never dm first!):

I have already been saying for years that’s it’s important to averse to the interests of the products to its core token. This can only be done if many innovations are connected in 1 ecosystem.

Mary | satoshi club:

You are faster than Elon musk’s spaceships😂

Gold rocket | satoshi club:

I love your idea! Thanks for the answer!😊

Bjorn psi (never dm first!):

Henk is my left hand by the way💪

Gold rocket | satoshi club:

Are you left-handed? 😁

Bjorn psi (never dm first!):

Because of @henkterharmsel  & @michaelnl, I’m great on both sides. Lol

Henk ter harmsel:

Yeah, that’s exactly why we are revising this one. 😊

Bjorn psi (never dm first!):

A better view.

Mary | satoshi club:

It looks great! 🚀

Gold rocket | satoshi club:

If you are ready, we can move on to the next question.

Bjorn psi (never dm first!):

Yes 👍

Gold rocket | satoshi club:

Q2 from telegram user @xusuo

I read from your website that passive income creates a decentralized token with no need to use a governance system from the centralized team, is this system possible to do? And could you pls explain how this system works in the passive income project?

Henk ter harmsel:

Oke, there it is again the governance question. 😊

To be clear at first this is not possible as we will be needing a certain centralized role in the development of psi we will not be giving a full governance control to the community. We believe that at first a project needs a solid foundation and then it can be released into the hands of its users.

This will not say that we don’t work very closely with our community, we are continuously active in our chats and discuss every topic with everyone that wants to have a say in it.

Governance will be implemented when psi is matured enough to live it’s own life.

What we are doing right now is implementing governance in the products we are creating, but at first, it is governed by us.

Henk ter harmsel:

The idea is that after all voting could be done with https://snapshot.page/ for example and we will implement it.

Mary | satoshi club:

Yes, governance is very important now, but I see sense in your words.

Is it possible that you can add another governance token in the future?

Henk ter harmsel:

Well, I’m not sure if this is necessary, because we might just use psi to vote for governance on our products.

Bjorn psi (never dm first!):

That’s definitely possible, but we are not 100% if we will be creating a 2 token. As it’s not necessary.

Mary | satoshi club:

Yes, I see, gotcha!

Ready to proceed?

Henk ter harmsel:

After all, governance is only needed on the products and not on the token itself.

Henk ter harmsel:

Sure 😊

Gold rocket | satoshi club:

Q3 from telegram user @lzamg

I notice that there aren’t psi tokens reserved for the team, based on your tokenomics. Is that right? Why did you decide to not reserve a percentage for the team? How are you making profits for developing the passive income project?

Bjorn psi (never dm first!):

This is incorrect it does include it in our tokenomics. Give me 2 seconds.

Mary | satoshi club:

Yes, I see that you have 10% for development, does it mean that it’s team tokens?

Bjorn psi (never dm first!):

There are only tokens for development and marketing, we will pay the team accordingly to their work. After 6 months we will take everyone that is now working voluntarily on the payroll. These are the 9 core members I have been talking about.

Mary | satoshi club:

Thank you, it’s clear now👍

Bjorn psi (never dm first!):

As you can see we have reserved a certain part for development and marketing.

We have created an emission plan of 3 years with releasing the tokens periodically, this will start after 6 months. We believe that using funds that not come from the token its investments bring a lot more value to its core.

Gold rocket | satoshi club:

Total supply 18k?

Bjorn psi (never dm first!):

Correct.

Mary | satoshi club:

Do you want to add something or we can go to the next question?😀

Bjorn psi (never dm first!):

Let’s go to the next one😁

 

Gold rocket | satoshi club:

Q4 from telegram user @stevefix56

On your presale platform, a presale buyer can deposit eth to participate in a presale. An ‘x%” fee gets applied to eth deposits to be shared among all psi holders. As a trader, can you share more light on the “x%” fee to elevate fears of high charges on every eth deposit.

Henk ter harmsel:

X% means yet to be determined. It will be a percentage that eventually has the ability to be governed by investors. For now, we will set a fixed percentage that is fair in comparison to the services we will deliver on the presale platform.

Presale buyers get only charged a small percentage in eth while benefitting our presale services. We strife to only get legit projects aboard on our presale platform, more details on that matter soon.

Gold rocket | satoshi club:

Let’s look forward to it! Don’t forget to share with satoshi clubbers😉

Bjorn psi (never dm first!):

Great question😁

First, I will explain why we implement this fee, this is part of our initial idea of making 15 different income streams for psi its holders.

By implementing a small fee of 0.5/1% it could all ready massively benefit the psi holders as you know that pre sale platforms are used widely.

Holders of psi will be able to earn native tokens with holding psi this has not been done before.

Mary | satoshi club:

So, you will have a pre-sale platform 😀 It’s a great income stream

Henk ter harmsel:

Yeah 😊

So that’s where the governance part could come back to determine the fee, and also the part where we add value back to psi in form of fees.

Bjorn psi (never dm first!):

That’s easy they only need to hold a little bit of psi to get a life full of financial freedom.

Gold rocket | satoshi club:

You are very convincing 😉👍

Mary | satoshi club:

If i will find some of the projects great enough to buy them on pre-sale will I need to be a psi holder? To participate?

Bjorn psi (never dm first!):

No that’s not necessary, but to earn a part of the passive income you do

Mary | satoshi club:

Oh, I like this! Thanks! Ready to go to the next question?

Bjorn psi (never dm first!):

Thank you @psychedelicanomaly I would call him also one of my hands but yeah got none of them left😅

Gold rocket | satoshi club:

You have a reliable team😁👍

Well, q 5😉

Q5 from telegram user @pratze

You said on the website $psi charges 1% transaction fee and redistributes that fee to existing psi holder automatically at the time of each transaction. Is this fee system possible to work if $psi listing in the market DEX/CEX?

Bjorn psi (never dm first!):

I’m really happy with this question, any chance you could give @michaelnl  access he would be the best to explain this to you. 😁

Mary | satoshi club:

He already has it,😉

Michael (won’t pm first):

Hi all, thanks for having me here

Mary | satoshi club:

Hello! You’re welcome 😀

Michael (won’t pm first):

Bkex is implementing reflection on CEX and this way we will bring CeFi and DeFi together. Meanwhile, we will get a world premier on Bkex smart chain that will support reflection onchain out of the box. This is a gamechanger in DeFi space

Henk ter harmsel:

How this technically would work on cex is that the bkex hot and cold wallets are also included in fee sharing in the psi contract. So they are also earning psi and are dividing this amongst the psi holders on their exchange.

Mary | satoshi club:

So, for today, if i will buy psi and leave it on exchange acc i won’t get income?

But tomorrow it can change, right?

Henk ter harmsel:

Exactly 😊

Michael (won’t pm first):

Not yet but there are a lot of advantages to going to bkex cex now. As we all know gas fees are skyrocketing. Being on bkex cex can serve as a hedge against that high gas fee. Also, there are many more advantages like arbitrary opportunities, leverage trading, other trading methods, and joining the trading competition that Bkex started in celebration of our listing.

Mary | satoshi club:

Yes, in this case, you’re right! So, everyone can make his own choice 😀

Bjorn psi (never dm first!):

Just addition to this part, we have a trading competition on Иkex with a value of over 10.000 usdt. Enjoy💪

Mary | satoshi club:

Satoshiclubbers, everyone can win!🤑

Gold rocket | satoshi club:

It’s very generous! 👍

Michael (won’t pm first):

Yes, everyone can win indeed.

Bjorn psi (never dm first!):

As well for anyone that transfers psi to Bkex can get a 1% airdrop this will only be until 20 psi have been given out.

Michael (won’t pm first):

😎😎

Bjorn psi (never dm first!):

As we are happy to lead the way in changing the infrastructure of the central exchanges. We all believe that no CEX can ignore the upcoming volume that’s occurring in the new DeFi boom. So centralized exchanges need to adapt and bring their platform on the chain and we are working on being the pioneer in this process for many central exchanges worldwide.

Mary | satoshi club:

Thanks, guys!

Henk ter harmsel:

Not sure if that would happen tomorrow, but they are quite far with this I believe. We work closely together on this one.

Mary | satoshi club:

Ready for the 6th and last question from this part?

Michael (won’t pm first):

Yes, definitely

Gold rocket | satoshi club:

Q6 from telegram user @yellowchamp

According to your website, with your platform, we can get a passive friction-less income

Thus we only need to hold psi in our wallet to earn more of it, the rewards will appear and compound instantly for free in our wallet. Can you explain more specifically how much psi we have to hold? How much profit we can get while holding and how much time we have to hold in order to get profit? Aside from holding, do you plan to add other option in earning passive income in your platform like staking and mining program in the future? Thank you.

Bjorn psi (never dm first!):

To earn passive income you can hold any amount. You will get your equal share of the amounts you hold.

With every single transaction you will earn automatically, this will be contributed to your wallet instantly.

We have a whole concept that will create 15 different income streams.

Something we hold onto is to reduce the amount of using smart contracts cause this still proofs to have many malfunctions or is vulnerable to attacks.

We will always try to make it frictionless.

Mary | satoshi club:

How often will the income come to the wallets?

Bjorn psi (never dm first!):

With every single transaction that is done. Instantly!

We are introducing staking on Bkex soon as well to introduce the double yield generation. 🤐

You heard it here first. Hehe.

Mary | satoshi club:

Wow, what about gas fees, who pay?

Bjorn psi (never dm first!):

It’s included in the contract so it’s using frictions of gas. As it’s frictionless hehe.

Mary | satoshi club:

Super!

Gold rocket | satoshi club:

Thanks, we love secrets here 😉

Michael (won’t pm first):

Bjorn mattens loves surprises, And to surprise.

Bjorn psi (never dm first!):

Who doesn’t like a good surprise? 😊

Gold rocket | satoshi club:

You are the master of surprises! And it’s awesome 😊

Bjorn psi (never dm first!):

That’s amazing, I love making people happy and this is one way😁

Mary | satoshi club:

Really great🤑 we love passive income!

Michael (won’t pm first):

The passive income is the place for you to be. We will implement propositions that will blow your mind.

Mary | satoshi club:

And we are close to the live part!

Bjorn psi (never dm first!):

Thank you very much mary!

Mary | satoshi club:

Ready for it,  guys😉?

Gold rocket | satoshi club:

Guys, i want to ask you to share all the useful links and information with our community before opening the chat.

Bjorn psi (never dm first!):

Oke give me one second

Gold rocket | satoshi club:

Take your time 😉

Bjorn psi (never dm first!):

All useful links👇👇👇

💥 PASSIVE INCOME! 💥

I think this must do the trick

Mary | satoshi club:

Sure😀

And…The live part is almost here, Let’s go 🚀

PART 2.Questions about the Passive income 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 Passive income 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 @Boylut

What makes your own way of sharing passive income better than that of your counterparts in the industry?

Bjorn PSI (never DM first!):

Great question, as we don’t know any project yet that has included 15 different income streams for its core token holders.
Have a look at these systematics.

This is our presale platform and how it will work.

And generates 1 of the 15 incomes.

Q – 2 from a telegram user @highpee

I like anything that can give me an extra or passive earning🤑🤑 and I am quite interested in your project 🥰🥰. You mentioned that there is the possibility to earn from 15 different earning streams, but am still not clear as to how this model will work. Apart from the redistribution of charged fees which goes to all $PSI token holders, what are some of the other income streams that can provide passive income? Thx.

Henk ter Harmsel:

Hi Johnny, Thanks for the question. With every product we are creating, we are trying to bring back value to PSI in the form of fees, buybacks, farms, etc. We will work these income streams out one by one.

Q – 3 from a telegram user @topind7

I read this on your website, but didn’t understand well “Blackhole: This wallet receives 1% of the 1% transaction fee that’s being redistributed to the holders” what do you mean by this, can you throw more lights?

Bjorn PSI (never DM first!):

Great question femi,

Let me explain we have activated the black hole today!

Q – 4 from a telegram user @Boylut

Between institutions, traders, and companies, which one do you focus on the most?

Bjorn PSI (never DM first!):

At the moment retailers, we know where we need to look for real valuable investments.ser @tuvalunia

What is the long term goal of DPEX?

Bjorn PSI (never DM first!):

Becoming the cheapest DEX on the Ethereum network without taking a step to layer 2. Being truly innovative with the best of all worlds.

Q – 6 from a telegram user @AugusS7

You say that “Passive income (PSI) will bring the first DEX OF PASSIVE INCOME PERFORMANCE”, but from this launch, surely many more projects will come with these characteristics, but that it has PSI that will always keep it as the best in Dex?

Bjorn PSI (never DM first!):

Great question,

We truly want to always keep upgrading our products and when we see new technologies that are more beneficial for our users we will definitely implement these.

Q – 7 from a telegram user @Amila19932

What is meant by “Liquidity Generation Event”? Is this a kind of airdrop? Are you going to launch this in near future? Please give us an update on this.?

Bjorn PSI (never DM first!):

Liquidity events will be launched to collect more liquidity for trading and a more healthy economic structure.

Making financial products requires liquidity to support it

Q – 8 from a telegram user @Wormz28

I have heard that you guys in the Passive Income decided to remain sub-anonymous in the public for some reasons. If possible, may we ask the reasons behind it? Also, we want to know, maybe or somehow, is there still a plan about “public-facing” in the near future?

Bjorn PSI (never DM first!):

Some of our team members decided to stay anonymous cause of the jobs they do at this moment. And don’t want to get this interfered with their certain job. Very soon most of the team members will go public and be uploaded to the website with a LinkedIn page to look for.

Q – 9 from a telegram user @Indomiekuy

How hard is using (PSI) Passive Income for the infrastructure that already exists? Can you tell to us what is your plan for mass distribution in the blockchain technology?

Bjorn PSI (never DM first!):

Great question, we believe we will be truly revolutionary when we Introduce frictionless yield technology into a blockchain this opens a world with possibilities that are unthinkable. This is the true next step in technology.

Michael (won’t PM first):

What a lot of people do not realize is that working in information technology a lot of times is bound to signing competition agreements and other agreements that prevent entrepreneurship. So it is not always the lack of willingness to go public but also the ability to go public.

Q -10 from a telegram user @AmirJosh

Its nice to have an passive income just by holding $PSI without doing anything, but may I ask what about the active wallets or the ones that actually trading, borrow, lending, and using the Passive.Income services? Do they have separate rewards rate for their active engagement on the services of PSI?

Henk ter Harmsel:

This depends on the product you are using. With borrowing/lending the probably will, but by using the token sale platform we want to create your rewards is participating in the token sale. Trading is your own choice. Off course we prefer everyone to just hold PSI. 😜

Part 3 – Quiz about project

In the final part, we tested the knowledge in terms of the Passive income project. They’ve prepared 4 questions for this part, so everyone could be a part and answer. Participants had 10 minutes to answer. 300$ was distributed between the winners.

Our contacts for more details: 

  English Telegram group  |  Russian Telegram group   |  Spanish Telegram group  |  Telegram Channel   |  Twitter |  Website 

Our Crypto Partner by this AMA: 

💥 PASSIVE INCOME! 💥
#PSI is a passive income platform driven by real-world use cases and utility and will be like no other.

TOTAL SUPPLY: 18K
CIRCULATING SUPPLY: 8.3K
SUPPLY LOCKED FOR 3 YEARS: 9.7K

Liquidity is LOCKED  🔒 forever and tokens not sold in presale are BURNED 🔥

BUY NOW ON UNISWAP 🦄 (set slippage to 1% or 2% when buying) or BUY NOW ON BKEX !

💥 BKEX Global listed PSI (Passive Income) and is tradable in PSI/USDT pair. A TRIPPLE GIFTS CAMPAIGN for PSI has been started on BKEX. Who is the best trader? Compete and win AWESOME PRIZES !

📝 CONTRACTS, LOCKS AND BURNS
🔒 Passive.Income 
🔒 Proof of dev & marketing tokens locked (https://etherscan.io/token/0xd4cb461eace80708078450e465881599d2235f1a?a=0x14ab1c3103af4f18785736c2a2665684bcb04908) (timelock for emission plan and 3 year vesting period. First 6 months no emission, then a 30 month (monthly) equal emission.
🔒 Proof of Unicrypt liquidity locked forever
🔥 Proof of tokens burned 

🔗 QUICK LINKS AND MORE INFO
🌎 Website
📈 DEXtools 
📈 Coinmarketcap 
📈 Coingecko 
📈 Blockfolio 
📈 Zerion 
🚀 Lunarcrush 
🗄 Github 
📨 Telegram (https://t.me/@PassiveIncomePSI)
🐦 Twitter (https://mobile.twitter.com/Pass1ve1ncome)
🌎 Facebook (https://www.facebook.com/Pass1ve1ncome)
🔍 Medium (https://p6ss1ve1nc0me.medium.com/passive-income-psi-375e6768cecf)
📝 Whitepaper (https://passiveincome.gitbook.io/whitepaper/)

AUDIT REPORTS
📝 Solidity.Finance PSI Audit Report (https://solidity.finance/audits/PassiveIncome/)
📝 Solidity.Finance DPEX Audit Report (https://solidity.finance/audits/DPEX/)

Hello, Satoshi clubbers and guests of this site. Today we will talk about the Katalyo project. Katalyo is no-code digital transformation platform for building hybrid applications.
The AMA took place on February 6 and our guests were Ivica Ljubicic – co-founder and CEO of Katalyo.

The total reward pool was 10000 KTLYO and has been split into 3 parts.

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

Part 1 — introduction and questions from the Website

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

D. | Satoshi Club, [08.02.21 15:00]
Hello, Satoshi club!

D. | Satoshi Club:
Our guest today @ivica_kataLyo! hello! Welcome to Satoshi club!

Ivica Ljubicic:
Hi Satoshi Club!

Ivica Ljubicic:
It’s a pleasure and privilege to be here and share the story of Katalyo!

Mary | Satoshi Club:
Hello @ivica_kataLyo, happy to see you here 👍

D. | Satoshi Club:
How are you doing? 😊

Ivica Ljubicic:
Very excited to be honest!

Ivica Ljubicic:
You have an awesome community here.

Mary | Satoshi Club:
Yes, and we are always excited to see new projects here!

Mary | Satoshi Club:
Let’s start our AMA 🚀

D. | Satoshi Club:
But intro first 😉

Ivica Ljubicic:
Lets go!

Mary | Satoshi Club:
Could you please introduce yourself and tell us your story behind Katalyo 😉

Ivica Ljubicic:
My name is Ivica and I’m the co-founder and CEO of Katalyo. I’m a crypto OG all the way back from 2011 when I first heard about this new thing called bitcoin.

Mary | Satoshi Club:
Yes, I read that you mined it in 2011?

Ivica Ljubicic:
I started my BTC node and mined for a couple of months but to be honest I didn’t realize the magnitude of change and disruption blockchain brings to the table.

Mary | Satoshi Club:
Did you save that coins?😀

Ivica Ljubicic:
So I drifted to other things until 2016 when blockchain started to get the attention of mainstream media and I got back in the game and never looked back.

Ivica Ljubicic:
Yes, I’m one of those that managed to lose my keys in the process.

Mary | Satoshi Club:
Ohhh🤦

Ivica Ljubicic:
So unfortunately my BTC I mined at that time is lost forever.

Mary | Satoshi Club:
Yes, a lot of BTC were lost in this way.

Ivica Ljubicic:
What I did realize is that regardless of blockchain’s power to disrupt is was very difficult to use and even more difficult to build.

Ivica Ljubicic:
And this is how Katalyo was born.

Mary | Satoshi Club:
Yes, it’s a great idea!

Ivica Ljubicic:
We wanted to find a way to make blockchain more accessible to everyone and we found that no-code is the way to do it.

Ivica Ljubicic:
A lot of progress has been made especially on the consumer end however it’s still difficult to build blockchain-powered applications and we want to change that.

Mary | Satoshi Club:
Yes, crypto should be more user-friendly 👍 and as I know your project will help us😉

Ivica Ljubicic:
In a nutshell, Katalyo is a cross-chain no-code platform for building blockchain-powered applications. So DeFi, NFTs, asset tokenizations, etc.

Mary | Satoshi Club:
A lot of features!🔥

D. | Satoshi Club:
Thank you for the nice intro @ivica_kataLyo! if you are ready we can start with community questions? 😉

Ivica Ljubicic:
Sure. Let’s start.

D. | Satoshi Club:
Let’s go! 🚀🚀🚀

Q1 from Telegram user @blockmen
the founders half a century of joint relevant experience in building software solutions for the telecommunications and financial services industry. How is your previous experience applied in this project specifically? How many team members do you have working beside you?

Ivica Ljubicic:
Obviously, we have a lot of experience in let’s call it traditional industries especially in building software solutions at scale. This knowledge and experience come in very handy when you look to build an ecosystem like Katalyo.

Ivica Ljubicic:
At the moment we’re a team of 7 (3 co-founders). Our team consists of devs, security experts, designers, infrastructure people, and operations. We’re looking to expand the team during Q1 and Q2 to increase our delivery capabilities and also our marketing/pr capabilities.

Mary | Satoshi Club:
Yes, you have a lot of events later in 2021😉

Mary | Satoshi Club:
Which traditional industries your team experience mostly apply to?

Ivica Ljubicic:
Well, 2021 will be the year in which we establish Katalyo as a powerhouse when it comes to blockchain no-code technology.

Ivica Ljubicic:
Majority of experience is from the financial services industry (banking and payments) and blockchain is the fuel for finance 2.0 and the boom of DeFi is the proof of that.

D. | Satoshi Club:
This is true 😊

Mary | Satoshi Club:
Great! I see that you have a really good team that can build an excellent platform!

Mary | Satoshi Club:
Ready to proceed?😀

Ivica Ljubicic:
Yes, let’s proceed.

D. | Satoshi Club:
Let’s do this!

Q2 from Telegram user @cryptomonkss
You are registered in Hecimoviceva Ulica 11, 10000 Zagreb, Croatia. Usually, projects are registered in Singapore, Hong Kong, Malta, Switzerland, and so on. What made you register in Croatia? Does the state support crypto projects? Aren’t the taxes for crypto higher than in other jurisdictions?

Ivica Ljubicic:
We live in Croatia and most of our team is here so it made sense at the time. Yes, there’s a big question mark when it comes to regulation so we’ll see what the future will bring and if we’ll need to look for other more friendly jurisdictions. On another hand, we’re not a company focused on crypto trading so from that perspective crypto taxes are not that relevant.

D. | Satoshi Club:
So at the current time, there are no problems with regulation for your project?

Ivica Ljubicic:
Not that we’re aware of.

Mary | Satoshi Club:
Yes, and I want to ask if it was hard to register in Croatia?

Ivica Ljubicic:
No, not really.

Mary | Satoshi Club:
That’s good, so you can hope that you won’t have a need to re-register in another jurisdiction 😀

Mary | Satoshi Club:
Let’s jump to the next question?

Ivica Ljubicic:
Lets do that.

Q3 from Telegram user @alexeimaruta
The presale happened in December. How many funds have you raised? Is it enough for future operations? what is the vesting period for the investors in the presale?

Ivica Ljubicic:
Actually, we had no presale. In December 2020 we had a public sale in which 2.000 ETH was raised. According to the current plans, this gives us enough runway for at least 12-18 months. So there’s no vesting period for the tokens from the sale and all are circulating. 85% of the tokens are locked for a period of 6-48 months.

D. | Satoshi Club:
2000 Ether is a very nice amount, congrats! 🙌

Mary | Satoshi Club:
Can you show our users your tokenomics 😀

Ivica Ljubicic:
Tokenomics can be found here https://katalyo.medium.com/ktlyo-tokenomics-c217ad46213d

D. | Satoshi Club:
Thanks! 👍

Mary | Satoshi Club:

Mary | Satoshi Club:
Which tokens are locked? I mean 85%😀

Ivica Ljubicic:
Proportionally all tokens except from the Pre-sale and team tokens are locked for 24 months.

Mary | Satoshi Club:
Got it, thanks 👍

Mary | Satoshi Club:
Are you ready for the next question or you want to add something?

Ivica Ljubicic:
I’m ready for the next question.

Q4 from Telegram user @lionelos
The token is used to consume the services in the Katalyo ecosystem including the creation of the NFTs. Katalyo token is also used to mint the NFTs which locks Katalyo tokens inside the NFT taking it out of circulation and decreasing the supply. But besides the NFTs, have you thought of different use cases for the token?

Ivica Ljubicic:
In general, token will be needed to use the services of the platform. So when something is built on the platform in order to use it you’ll need to have KTLYO in your wallet.

D. | Satoshi Club:
So I have to use your tokens to make an NFT? are those tokens will be burned after minting of NFT?

Ivica Ljubicic:
This is especially important for our cross-chain capabilities. For example in partnership with NULS where we’re building the capability to transfer the token from NULS to ETH and this will enable us not have to many dependencies on any native token of the L1 platform we support. The beauty of it is as Katalyo is a platform for building applications there will be many use cases we’re even not aware of today.

Mary | Satoshi Club:
Btw, do you plan to implement governance for your project?

Ivica Ljubicic:
No. Tokens will be locked and the owner will be able to get the tokens back in case if the NFT is destroyed.

D. | Satoshi Club:
Nice, very interesting 👍

Ivica Ljubicic:
This will come down the line when the project is more mature and has a strong community of builders.

Mary | Satoshi Club:
We will follow your news and development! Sure, you will have a strong community!

Mary | Satoshi Club:
Ready to proceed?😀

Ivica Ljubicic:
We have an awesome community but we’re a very young project and our community will grow stronger for sure as we move along.

Ivica Ljubicic:
Yes, I’m ready to move on.

Mary | Satoshi Club:
🚀🚀🚀

Q5 from Telegram user @iulya_i
Telos and NULS are friends with Satoshi Club team from what I know. They are legit projects and I am sure that you are as well since you partnered with them. What are the terms of your collaboration? Do they get a % of tokens as well?

Ivica Ljubicic:
We participate in their SCO program on the POCM platform. This enables NULS holders to earn KTLYO. If your community is interested to learn more you check out the link https://pocm.nuls.io/pocm/Projects/ProjectsInfo?releaseId=74

Mary | Satoshi Club:
Of course! We will read it!

Ivica Ljubicic:
And for Telos, we block producer candidate which means we contribute a lot to how the Telos protocol and the network develops.

Mary | Satoshi Club:
Why you choose NULS?

D. | Satoshi Club:
So in simple words – I have to hold NULS and I will get KTLYO as a bonus?

Ivica Ljubicic:
We’re looking to partner with different L1 protocols that will complement our capabilities. So for example the choice of Ethereum is obvious. What we like about NULS is its microservices architecture which will give us a very efficient and effective way to integrate with them.

Mary | Satoshi Club:
Yes, you’re right, i like NULS as well for this👍

Mary | Satoshi Club:
What about this😀

Ivica Ljubicic:
If staked on the POCM platform.

Mary | Satoshi Club:
Thanks!

D. | Satoshi Club:
gotcha. thank you for the answers!

D. | Satoshi Club, [08.02.21 16:21]
And the last question from part 1! 🥳

Q6 from Telegram user @mike_not_mike
I’ve read your monthly report and you tend to focus highly on marketing in the Asian markets. How about the European and the American? They are very important for future growth and adoption

Ivica Ljubicic:
We will focus on different markets as we move things forward. We initially focused on the Asian market due to the real estate tokenization project we’re working on and our partnership with InBlockchain.

Mary | Satoshi Club:
Which local communities do you have now?😀

Ivica Ljubicic:
We do not have local communities yet. Our aim is to focus on building a strong global community first and then branch locally.

Mary | Satoshi Club:
Gotcha!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @melanintrish
NFTs are the future, can you tell me how NFT’S be used and be created in the Katalyo ecosystem?

Ivica Ljubicic:
Katalyo is a platform for building applications. We will provide the visual tools to create and mint NFTs. We will not issue our own NFTs.

Q2 from Telegram user @Garrinepotter
Cross-chains, bridges between blockchains are now very popular topics. Suddenly everyone decided that one cannot live without bridges. And I don’t understand how they can really be used. Let’s say you announce the launch of a bridge to the EOS blockchain. How can I understand in practice that it works?

Ivica Ljubicic:
The point of the bridge is to bring together different chains to create an application. This is particularly needed today having in mind huge ETH gas fees. By bringing together ETH and NULS for example a Dapp can combine the liquidity and scale of ETH and performance and lower cost of NULS. In practice, the bridge enables flow of tokens among chains as one example.

Q3 from Telegram user @tuvalunia
I saw a feature called “Version Control”, is that similar to SVN (Subversion) which is used in traditional coding?

Ivica Ljubicic:
Katalyo platform is made up of different components we call resources. So version control will be applied to these components similar to SVN.

Q4 from Telegram user @meml97
I read on your lite paper that “Katalyo is running on a proprietary No-Code engine”, could you explain more how that is possible and what does that mean? How this makes Katalyo differ from projects that are built similar, for example, different from Katalyo’s main competitors such as unibright.io, or those no-code platforms coming like Appian and salesforce?

Ivica Ljubicic:
It’s very similar to the projects you’ve mentioned especially unibright however, our cross-chain strategy is something we feel differentiates us from the crowd.

Q5 from Telegram user @KASG95
I understand that Katalyo can achieve great things? but if I just wanted to develop a dApps on a chain other than Telos, could Katalyo help me create it?

Ivica Ljubicic:
If it’s a chain that Katalyo supports then yes. Otherwise most likely not as we would not have the resources to do something like that.

Q6 from Telegram user @PrishepaTrade
How does Katalyo ensure off-chain and in-chain security with which you integrate? Do you have access to users’ private keys?

Ivica Ljubicic:
No, we don’t have access to the private keys and we never will. It’s achieved in a similar way like for example etherscan where usually metamask is connected to execute transactions.

Q7 from Telegram user @surendra040
Being the CEO of Katalyo what is your today message to the community about Katalyo? what are your expectations?

Ivica Ljubicic:
Our goal is to create a vibrant community that shares our vision for creating a comprehensive ecosystem that will drive blockchain adoption. We’re on a very long but exciting journey and hopefully, together we can make Katalyo a great success!

Q8 from Telegram user @Gutike95
One of the great problems of creating great digital projects is that great developers are needed to bring the idea to reality through coding, but with Katalyo anyone who has a great idea can implement it? Or will we need developers too but Katalyo?

Ivica Ljubicic:
This really depends on the use case. If the platform supports all required functionality then help from us will not be needed. If some components need to be enhanced or developed from scratch then our help would be needed in some form at least.

Q9 from Telegram user @apocan99
I see that you have your own Katalyo Blockchain. So I understand the products created by users will be on Katalyo. But what about other blockchains? Will the products be compatible with them or only run on Katalyo?

Ivica Ljubicic:
We don’t have our own blockchain but we integrate with other L1 technologies like Ethereum, Telos, or NULS.

Q10 from Telegram user @BERTA2020
How do you plan to achieve global expansion in countries that do not speak English as well as Spanish?

Ivica Ljubicic:
We will need to have a local presence there with people speaking the local language. That’s why we’re not focusing on having a local presence as of yet.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Katalyo. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 8000 KTLYO.

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:
Katalyo telegram community: https://t.me/katalyo
Twitter: https://twitter.com/katalyo
Website: https://www.katalyo.com

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Finxflo. This project consists in a DeFi aggregator platform and cryptocurrency brokerage firm, that is designed to provide the best prices and rates. The AMA took place on February 5 and our guests was Matt Page (head of institutional sales at Finxflo).

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 COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Finxflo! Welcome to Satoshi Club.

Gold Rocket | Satoshi Club: Welcome to Satoshi Club, @ThePagey Thanks for joining. 😊

Matt Page: Doing great…running on adrenalin…it’s been a busy and exciting month.

Gold Rocket | Satoshi Club: To begin with, please tell us a few words about yourselves and how did you get to be involved in Finxflo.

Matt Page: We can get into that as we go through…My name is Matt Page, I’m head of institutional sales at Finxflo. I’ve worked in many countries and regions building businesses up from the commercial side but in more traditional industries. I’ve been very lucky to travel extensively across the world. I’ve spent a lot of time in India, Middle East, Africa, US and all around Asia…I know you have a global community so they all can appreciate how travel broadens the mind…Bit of a shame COVID has stopped that temporarily.

I came to crypto through taking a break from work and running deep into Macro Economics. I came out with two theses, precious metals (specifically industrial/ supply shock) and digital assets/cryptocurrencies. This led me down deep into the crypto forest. Through my network I was introduced to James our CEO and the rest is history. We have been working really hard in delivering this amazing platform. PS I used to be a DJ and still love my vinyl!

Mary | Satoshi Club: Oh! I like your intro! How’s your institutional investors doing?

Matt Page: Really good. As I’m running point on the launch and they know the platforms coming in late March/April is going to pick up hard after Mondays go live!

Mary | Satoshi Club: So, please tell our community more about Finxflo. 😀

Matt Page: My pleasure… We are finishing off a platform which will solve a number if the key issues in the space. It’s important to note we believe regulation will be a key driver for the institutional money flow and this has been at the back bone of our development. We are ahead of the curve on our competition… In a nutshell. Finxflo is a regulated, CeDeFi aggregator platform and cryptocurrency brokerage firm, that is designed to provide the global best prices and rates. Our platform enables traders and investors to leverage market depth and liquidity by allowing access to 25 + aggregated protocols, liquidity providers and exchanges. We have a proprietary smart order algorithm in a dark pool with access to all who are signed up. There are some very key advantages to this which I will explain in more detail later.

This is all accessed with One Account One KYC and One Wallet. No more 12 screens, logins and price variants to deal with. Anyone interested can download and trade on our aggregated demo trading platform. https://trade.test.finxflo.com/. This shows the live aggregation engine working on BTC/ETH pair.

Gold Rocket | Satoshi Club: How is it works?

Matt Page: The client phases off to us and we face off to the exchanges and liquidity providers. The smart algo and dark pool allow top of book global best price with a lot lower slippage on large orders…and eliminates front running. That is super important. The exchanges can’t see our order book! Our smart aggregation engine is proprietary, built in house.  This uses TWAP and VWAP in the dark pool. The TWAP works with time for optimization and VWAP is monitoring volume.  When a spike in volume occurs we create market “sound” to ensure best execution and not be predictable in the way the execution algo works and operates. We can see a lot of the wash trading when orders aren’t executed, it’s going to help the trading community a lot!

This is institutional grade tools for everyone. Not just reserved for the big guns!

Q1 from Telegram User @AugusS7

Many platforms say “Trade anytime, anywhere”, but really when users want to complete the KYC, they realize that it is not available for their location, will it be so with FinxFlo? or is it available for all countries?

Matt Page: That’s true, KYC does have limitations and it is linked to certain restrictions for us the remain compliant. Certain countries and watch lists effected who can have access. It’s frustrating but this is the limitation of any regulated environment. Just to clarify the KYC forms part of the regulatory requirements.

This will always be the case, but certain parts will get better as regulators trust platforms and parties to do the relevant checks. This is why we feel we are ahead of the curve and in active dialogue.

Mary | Satoshi Club: Do you have a list of restricted countries? I am asking because it’s really annoying when you’re are sending docs and just after this realize that your country is restricted. 😭

Matt Page: We have to work together but we have to be clear and transparent there is still restrictions and we have to abide by them.

Yes, we do, but they are known. We ran this on our recent whitelist for Polkastarter. When the platform opens up in March/End of April it will be updated.

Q2 from Telegram User @asalas95

Reading an article about Finxflo in The Daily Chain, I saw that they mentioned that Finxflo enables traders to achieve optimal buying and selling prices for all orders by “eliminating distortions in the market”. I would like to know, exactly what are the market distortions you help solve and through what systems on your platform can you achieve this?

Matt Page: Just to re iterate… bit of copy and paste… Our smart aggregation engine is proprietary, built in house. This connects a multitude of exchanges and liquidity providers all over the world to ensure global best pricing for any crypto asset that we support on our platform. This uses TWAP and VWAP in the dark pool. The TWAP works with time for optimization and VWAP is monitoring volume.  When a spike in volume occurs we create market “sound” to ensure best execution and not be predictable in the way the execution algo works and operates. The dark pool is open to everyone, it reduces slippage for large orders and front running! We can see a lot of the wash trading when orders aren’t executed, it’s going to help the trading community a lot!

Gold Rocket | Satoshi Club: Thanks for the answer! Does this mean that while you have a demo version running?

Matt Page: We do, here’s the Link again https://trade.test.finxflo.com/. This shows the live aggregation engine with BTC/ETH.

Mary | Satoshi Club: Just one pair?

Matt Page: You can run 4 pairs on one window, run different time frames. Have a 15m and a 4hr of a pair for example, the demo account is set up and working for BTC/ETH and USDT but we are running some test on the stable coins. Remember although we have the tech not everyone else has the testate for us to run it and also you need the fake etc. to trade.

Mary | Satoshi Club: No need to deposit real money there?

Matt Page: Nope, practice trade without fear of loss with the dummy eth.

Mary | Satoshi Club: That’s a dream 😂 do you have feedback from testers?

Matt Page: Yeah, we still have lots of work to do and would love more feedback. So please join and hit us up. We are doing a lot of work on the UX/UI behind the scenes. Some of the lag is down to the stable coins as we are running a lot of tests but the BTC/ETC pair show’s it all working nice. I don’t see anyone else running 4 pairs in one window. Just think of the possibilities and what we will integrate…stored profiles, favorite views…integration of…I can’t say more just yet!

Q3 from Telegram User @manugotsuka

The Whitepaper says that Finxflo trading site have Zero withdraw fees! That’s awesome! But how this doesn’t affect your economic sustainability?

Matt Page: We want to create the No1 platform to access the markets in a regulated and secure environment. Remember we aren’t storing your crypto in the exchange it’s with our custodian provider. We will offer a number of staking and farming options. We obviously want to make it attractive to keep your assets with us but if you want to withdraw every night at the end of your trading day that’s totally cool and we won’t charge you to do this. Our financial model is strong and the team is from a traditional institutional background from FX, hedge funds and banking. We have a very deep understanding of the money markets and believe we have a solution which can truly solve a lot of the issues in the space.

Gold Rocket | Satoshi Club: Thanks for the answer. BTW, for which of your services is required to hold FXF?

Matt Page: FXF is a utility token…it can be used and rewarded in a number of ways, including reducing your trading fees buy up to 30%…do you want the full utility described now?

Mary | Satoshi Club: Yes, and as I see you have this solution, right?

Matt Page: Dual node with TRC20 will come in Rev1.5 but we are looking at other options, can’t say more yet but. Is where it’s at.

1.Reduced trading fees 2. DeFi/CeFi access 3. Liquidity Mining 4. Staking FXF to receive a portion of platform fees 5. voting rights

More info about our liquidity mining and staking opportunities will come out soon.

Gold Rocket | Satoshi Club: Indeed, your project is aimed at solving very important goals.

Matt Page: Yes, and what’s critical is the platform is going live soon. End of March/April time isn’t far away…obviously this won’t be the full suite but there is a rapid role out planned.

Q4 from Telegram User @Pratze

I’m interested with staking FXF token, you said we will get passive income only by hold and stake but how is the calculation to get the passive income? And beside passive income, is there any benefit that we get by hold or stake FXF token?

Matt Page: Sure, full details will come soon on this. The rewards earned, staking time etc. As I mentioned above it also allows for voting rights…lobby for a new token pair or add a feature etc. Community is very important to us so we value the input.

Gold Rocket | Satoshi Club: It would also be interesting to familiarize with the tokenomics of the project.

Matt Page: Yes, we are quite unique in the space, especially our fair launch. Unlike a lot of projects, we aren’t raising based off a white paper via pre seed and seed rounds to gain VC money.

We are self-funded up until the private sale round which was $2.7M, 54M tokens. All at 5c.

That’s the same (bar ETH peg variance) which the Polkatsarter lottery winners will be able to secure and 100% unlock on day 1…no waiting for crazy tiered pre seed unlocks.

We are so committed to our project the team are locked for 13 months with a further 3-year vest….4 years total and it’s at the same rate every month. Not in bug chunks.

Q5 from Telegram User @jobel4

For better use and be accessible to users and traders, do you have plan to launch a mobile application version for Finxflo Exchange? Is this plan, in line with your platform’s roadmap? If yes, can you share an overview of Finxflo application and its unbeatable features that other platforms didn’t have?

Matt Page: Sure it’s critical to have for our core market. It will be released in R1.5 of the platform as will the full API integration for institutional. We are still in dev on the UX/UI as the amount of data (four pairs on a tiny screen won’t work etc.) but the key is to allow your profiles to work easily. UI/UX is important but it won’t be the super simple way of coinable and swissborg. It will have the power to trade behind it. Don’t forget to join our community to keep up to date with all the developments https://t.me/Finxflo_Community

Q6 from Telegram User @Arisabela

Finxflo offers a lot of security features in partnership with Fireblocks, one of them is fraud detection of behavioral analysis and suspicious pattern detection using machine learning, I’m always interested about artificial intelligence and machine learning, how does this one works?

Matt Page: Yes, our security partners are really important to us…we will be announcing a new partner very soon, their tech is amazing…all our partners share our vision of security in a regulated environment. MPC Multi Sig, HSM are integrated. Machine Learning and AI is heavily linked to the analysis KYT etc. Watch this space of the announcements coming up so you can dive deeper in the tech.

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guests chose some of them.

Q1 from Telegram User @Pratze

Finxflo is a great project, do you have plan to add new feature like NFT? As we know NFT is really popular and do you have any new development feature in the future?

Matt Page: Purely cus your name rocks, got to answer. I would love to do something with NFT. With the token governance get voting to add it on the platform. It would get my vote.

Q2 from Telegram User @BeaEvolet

Is it real that Finxflo offers zero withdrawal fees? Apart from the very low fees of 0.01% do they also offer zero withdrawal fees? What makes this profitable for the project?

Matt Page: Yes, its real…remember large volume traders get a much better deal than the majority this is how we can bring these prices to the community. The significant liquidity and partnerships allow us a much better execution than you can achieve on your own.  Remember its Institutional grade tools for the larger community.

Q3 from Telegram User @Gutike95

You mention that the FinxFlo platform is a platform that provides the best rates in both CeFi and DeFi, but is a KYC really necessary? How is it possible that FXF is totally Dex and need a KYC?

Matt Page: Hi we aren’t a dex we are a platform which will integrate into CeDefi. You face off to us we face off to the various protocols, exchanges and liquidity platforms. We believe with adoption Regulation is key, safety and security brings additional money flow and that’s the big money moving into the space…look at Guggenheim’s macro fund, they pulled $500m and had rot put it into Greyscale which has become a quasi ETF as its an institutional front end. Just think about how much more could be achieved through this space if you had a regulated platform which opens up the CeDefi space. The opportunity is significant and they won’t place it to non-regulated protocols!

Q4 from Telegram User @LLeeKuanYew

Can you share about Finxflo’s public sale plan on Polkastarter on February 8? Is KYC required to join investors?

Matt Page: Yes, sadly the whitelist is now closed and we are busy running through the kyc for our lottery winners. Emails will be coming out but you can appreciate there is a lot of work to run through…As soon as the Polkastarter event is released we hit Uniswap so go grab FXF on the 8th…timing tbc.

Q5 from Telegram User @meml97

I read that on your tokenomics you have 27% destined to Treasury, what is this treasury exactly? What’s its function and why did you designated 27% of your tokenomics to it?

Matt Page: Yes, that’s correct. The treasury is also on a vesting schedule. Unlocked in April with 2.5% monthly release. The treasury’s primary purpose in any business is a war chest, to enable business to grow, maintain and seize opportunities. We can react to rapid expansions or acquisitions far more effectively.

Q6 from Telegram User @RosemaryBianco

As Finxflo claims to have: -Best price, -Better liquidity, -Better execution.

How does Finxflo accomplish all of this? Isn’t it marketing? And truly offer an unmatched level of transparency and efficiency?

Matt Page: I’ve explained a lot about our proprietary smart algorithm and how this with the dark pool enables top of book, global best price and execution. Eliminating front running and reducing slippage. Yes, it’s a marketing hook because the complexity is often over looked. The traditional space our team comes from and offering institutional grade tools enable this. We have dealt that the crypto market does not offer this and we have a clear market opportunity.

Q7 from Telegram User @bathulosnom

Usually DARK pool is for big Investors. So, as a small Investors how can I Participate in the DARK pool staking program? What are the process?

Matt Page: Everyone gains access to the dark pool, it’s part of our fair trading policy. You trade you get it. By a few million satoshi or 100BTC…obviously the slippage advantage comes with the larger orders. And it’s available on more pairs…think of the arbitrage opportunities.

Q8 from Telegram User @markzuber

Does the Finxflo team have a training and guidance system for newcomers to cryptocurrency? How do you attract to investor to buy the token?

Matt Page: Great Q, we are building this up and why the demo platform will remain active even after magnet so you can practice trade in that environment. We are aimed at the more experienced trader but we recognize we all have to get there and want offer the environment to do that, including proper customer service.

Q9 from Telegram User @moe_808

Everyone thinks that a successful blockchain or cryptocurrency project is measured by the price of their token and is less concerned with the technologies and adoption in the blockchain world after it. So for Finxflo What success goals will be achieved soon outside the price side.

Matt Page: Really cool. For us success would be to become the number one trading platform in the space. The token will take care of its self. We will concentrate on building the best platform out there.

Q10 from Telegram User @Boylut

Why did you mandate KYC for your users? Don’t you think this would discourage more users from getting involved with the platform?

Matt Page: I’ve explained about the need for KYC and the importance of adoption in this space, mainly the regulated institutional flow. Without it, it won’t happen. There is a number of really cool protocols which you can go to without KYC but remember with regulation comes tightening of on and off ramps…we want to be ahead of the game.

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Finxflo. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

For more information and future AMAs, join our Social Media channels:

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