We are pleased to announce our next AMA on March 17th 2021 at 02:00 PM UTC Time: Satoshi Club x Cook Protocol
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Cook Protocol Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Cook Protocol Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Cook Protocol
For more details:
Cook Protocol – @cook_english
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What role does the community play in the Cook Protocol
? What have you done and will do to attract people to join Cook Protocol
and build a thriving community?
How would you describe Cook protocol investment strategy? …
What are some investments you’ve removed from your portfolio, and why?
By default fund mangers will pay 2% when they claim the management fees. What does this imply for investors with huge amount of assets invested. 100% of the platform fees are redistributed to COOK token holders. How will these fees be distributed among active contributors.
One of the main focus of cook protocol is to help to reduce barrier to crypto adoption. To help investors, you will be providing Index-based and actively-managed funds option for investors. Can you tell me more about these two options? Who are the fund investors manager and how will investors identify or deposit fund into investment strategies for these fund managers to invest on their behalf? Also, Will investors be able to monitor and follow up how their investment are being executed in order for them to be able to track their Returns On Investment or progress?
COOK will be using multiple oracles such as Chainlink, Band Protocol, Uniswap Oracle to get pricing information used for asset valuations and for issuing out ckTokens. For example, while the COOK/ETH pairs will be relying on Uniswap data, ETH/USDT will be using oracle feed from Chainlink. Also, token holders can vote to get price Oracle updated as they wish. Why do your adopt several oracles rather than incorporating with a singular trustworthy oracle? How will you be able to efficiently and transparently deploy these multiple oracles within your protocol without having to contend with data variances within and between multiple sources?
After a long wait, your IDO is finally going to be held on Poolz and the whitelisting application was opened on March 15th. I wish to know more about the whitelisting process because I read that one of the requirements to get whitelisted is that prospective IDO participants must stake $POOLZ token for a minimum of 7days. Are there any minimum amount of $POOLZ to be staked and do staking more $POOLZ increase the chances to get whitelisted? Apart from staking POOLZ, what other criteria should be be satisfied? Also, when will the whitelist process end and when is the IDO targeted to commence?
May we know your income source for maintaining the platform, while you prefer 100% of the platform fees are redistributed to COOK token holders? or do you think this is the best way to benefit the whole ecosystem?
Can you elaborate more about ckToken? you mentioned a ckToken is an LP token that represents the ownership percentage of an investment fund. Does this mean we have to invest first to have ckToken? and if the ck token is traded, does this mean there will be a transfer of ownership?
Can we know how the Cook Protocol mechanism selects professional fund managers? how do we know that these professionals are experts in their fields? is there an adequate selection process to become professional fund managers?
What if the professional fund managers experience losses? is there any compensation from them for the client? If not, don’t you think it will make fund managers not motivated to protect client assets from losses?
Cook Protocol is a decentralized asset management platform based on the Ethereum chain aiming to bring finance to the masses. So how does Cook Protocol really works and how do I get involved in Cook Protocol Governance as well?
Your platform’s ecosystem is powered by its tokens COOK & CKTOKEN right? So where and how we can buy your token & what are the features or the uses that We Can Do With our Tokens? Also What is the difference between a COOK token and a ckToken?
One of the most common death ends for crypto projects is that they fail on the marketing side & Marketing is one of the aspects that is most important for early investors. So how important is MARKETING for gaining new investors in your Ecosystem & what are your plans w/ this matter?
Looking through your Twitter page I saw you just announced that Block Dream decided to strategically invest in Cook Finance. Could you tell us more about this strategic investment? What advantages and how will this benefit Cook Finance? On what will this funds be use? Also, are you looking for more investors? If so, what are you looking for in next investors since you already got a really big one?
While I was reading about Cook Protocol on your website and Twitter, I realized that it really is a promising project, specially since the partnership you just announced with OKEX’s investment institution Block Dream Fund. But, what about the potential risks that comes with Cook Protocol, what can you tell us about it? For example, Ethereum’s high gas fees is problem right now, what plans Cook Protocol have to mitigate this risk?
I read that Cook Protocol offers as one of its features something called “Change Pricing Oracle” which helps to calculate the investment fund values, and for that Cook Protocol uses multiple oracle services such as Chainlink, Band Protocol, Uniswap Oracle to get all this information needed. With this in mind, my question is, do you have plans to create your own Oracle in the future so you won’t have to depend on anyone else for this matter?
How does cook protocol invest its users funds? What areas do you invest in to guarantee safe returns?
Once an owner of funds sells his cktoken, does that mean he loses ownership of the underlying asset of the sold cktoken?
So funds managers only have trading access, how does the fund manager get their own share of the returns or all returns belongs to the funds owner?
How does the community carry out their right using cook token? How do they submit voting proposal? Is there a platform for that purpose?
In your site said Cook Project able to unlock the whole new-universe of DEFI innovation. Can u please explain to us what are that “Innovation” that you developed and possible to change DEFI world? What are Cook Protocol already contribute to DEFI world?
After learn about your project, Cook Protocol was designed for help people managing investment in a basic and practical way. Is that mean your product target market only to advanced investor? Is it possible if people with little knowledge of DEFI or Crypto
to use your product?
Cook Protocol has been cataloged lately as a project for decentralized asset management, letting investors set up their investment strategy in an automated manner, can you explain to us what technologies you use to make smart management intuitive? How do you customize the strategies to the user’s taste?
The Index Fund is the first main product on Cook protocol, it aims to be an auto rebalancing strategy composed of several on-chain assets to catch overall market growth, how does this system help the investors to make appropriate investment choices? How varied are the options?
It strikes me that one of the features of the token is that holders can choose the rates they want, the most logical thing is that users will go for almost free rates, my question is how is the Cook protocol going to be sustained ? Only with mining ?
This March 30 will be Cook’s presale at Poolz, what will be the initial sale price? This will be my first presale. I really believe in your project, but I am still unsure, what can you say to users like me, who are somehow afraid of losing their assets?
I find it very useful what Cook Protocol proposes not only to those people who are already in the world of cryptocurrencies but also to those who are not, to be able to have complete control over our finances in a decentralized way. The truth is that these are very important moments due to different factors worldwide and that it will most likely mark a before and after in the way wealth is managed. Do you think this would be an opportunity to grow Decentralized Finance (DeFi)? And more specifically, do you think CookFinance can grow exponentially?
I have been researching the whitepaper of the project but I have not been able to understand the “Investing ABI”, and I think that for many it is somewhat confusing. If it doesn’t bother you, can you explain its function and benefits roughly?
Today there are countless projects and platforms that broadly have the same objectives and functions as CookFinance. Can you list a number of more interesting and beneficial features of CookFinance that differentiate it from the competition and make it more attractive?
If I’m not mistaken, Cook Finance adopts a user interface that is easy to handle and understand for new investors, but do you have instructions and guides to educate new users?
It catches my attention to know in a little more detail the 2021 Q3 part of your roadmap. Can you tell us a little about your plans in this period of time?
What are the next steps you will take in the next few months? Do you have significant plans for CookFinance?
The Token Cook has different functionalities but what strikes me the most is that it uses an oracle to calculate the values of the investment funds, it really performs accurate calculations, how is this possible and how does this oracle work?
How Cook Protocol will maintain high liquidity and attract investors ? In addition, I would like to know where your token will be listed after the pre-sale?
Cook Protocol offers ease and convenience to attract investors to its platform. What are the different investment options / plans that you offer? Are they really provided by fund managers and are they transparent?
On their website they say that all funds are actively managed and index-based. So, specifically what indexes are they based on? How would they achieve success in each investment that users make?
You say that for asset managers, the “initialization fees” are lower. How do they eliminate high legal fees? And the low fees are only at the beginning? Why are the fees not kept low all the time?
The “COOK” token is not tradable yet, so it will be released on UniSwap shortly. Have you decided to pre-sell the COOK token? And when and how can I participate in your airdropp?
On your website I saw in your tokenomic that you have designated 10% for “Early Community”, could you better explain to us how this 10% is distributed to you and who exactly belongs to this early community? How can I be part of this community?
Why is Cook a platform for professional asset managers and investors? A person with little experience would not be able to do it? Or will only users who have a certain character and experience be asked to use it?
How do you certify a fund manager to ensure that they can efficiently and effectively manage the underlying assets?
The NFTs are so popular during these days in Defi, so have Cook Protocol plans of implement NFTs soon?
So many investors just focus on the financial terms and doesn’t care about the founders or team, but to the experts the future of a project depends of how much good they are, so how much good are the official Cook Protocol team?
This month is the end of Q1 2021, does that mean we should be expecting uniswap listing before the end of march according to the roadmap?
An asset management platform like cook protocol will be a centre of target to hackers. What security measure have been put in place to prevent against the current attack method and any futre method?
The white paper states that cook protocol will use nexus mutual to secure the entire protocol, what is the update about this? Has the entire protocol been insured?
Do you have a video explanation on how a fund owner can navigate his ways on the cook protocol to select fund manager as well as risk and strategies that suit their finances?
A new partnership with Poolz, a decentralized cross-chain IDO platform, was recently announced to hold a public sale on March 30. Considering that the rules and details of this public sale have not yet been announced, can you at least mention what are your expectations about this?
Cook Protocol offers a decentralized asset management platform that allows investors to select any of a wide range of investment options. But who or how are these investment opportunities offered through your platform?
How does Cook Protocol differ as a crypto asset management from a traditional trading platform? If both platforms can manage assets and make investments, what is the advantage of using a platform like the one offered by Cook Protocol?
On their website it is mentioned that Cook offers a friendly and simple UI. Is there a way to see or test the UI and platform without registering? Do you have a demo mode or similar?
Is there a minimum for assets that can be managed on cook protocol?
It caught my attention that Cook Protocol has an IP protection policy “no need to open-source investment strategies”, it is rare that something in DeFi is not open-sourced, how do you manage to keep the strategies of your investors anonymous? What advantages does it offer to the platform?
On its website it says that the $ COOK token can be used by token holders to increase or decrease the fees charged on the platform, currently, what’s the percent of these fees on the present? How often can they be updated and what is their final destination?
You claim that “you unlock a whole new universe of DeFi innovations”, but could you really give us a little more detail on each of the great innovations that could be developed at Cook which revolutions to DeFi? What’s more, could you tell us about any of these innovations?
If Cook selo really focused on innovations in DeFi, then why does Cook really need to complete KCY registrations in order to enjoy their services?
One of the characteristics of Cook Finance is that it has three different oracles, such as “Chainlink, Band Protocol, Uniswap Oracle”, but could you explain why so many oracles are required? Could it be that by joining the services of the three, it is possible to avoid data concession problems with blockchain?
Lately the market for coins and tokens has been very volatile, for all those amateur traders looking for solid projects, would you tell them that Cook is the best option? If so, why and not another currency?
You mention that ck tokens represent the percentage of ownership of a mutual fund, but will that really be directly connected to an equivalent amount of my investment? Or will I have to buy and then hold those tokens?
Will Cook Protocol fund managers help their users to be able to invest correctly according to the conditions they are in? If so, could you detail us what are those investment options?
The vast majority of projects provide “the best and most reliable investment options”, but in the end none are 100% reliable, providing investors with losses, how do you know that Cook Protocol will provide 100% effective investment options?
Really the most innovative platforms are those that allow interoperability between different chains, if Cook Protocol really only belongs to the ETH chain, how will it be able to innovate those that have cross chains?
Can You tell us about your competition? How does Will You stay competitive while remaining profitable compared to other project?
What is the difference between Cook and ckToken and is there a benefit to your ecosystem by two different tokens? what are the uses of these tokens?
Is there a plan to make Cook Protocol known to no crypto users? Do you have an educational program??
Many platforms launch their IDO or the presale on currently known platforms, which would be the advantages of Cook when launching his IDO in Poolz, because he decides it here and not in a more popular one, there is some type of special agreement for you as well as for investors to future that apply on the white list?
As a decentralized cross-chain asset management platform, how does Cook protocol select those appropriate investment choices deemed to be transparent, safe and profitable for their investors as provided by fund managers, do these fund managers advertise or pay to have their investment opportunities promoted by Cook Protocol or does the Cook protocol Oracle take care of this? In fact what are the modalities to recommending an appropriate investment choice?
I read in your media that they have an automatic rebalancing mechanism and that the strategy is composed of several assets in a chain to collect the general growth of the market, this strategy can explain what assets it is, as is the automatic process they use some type of Robotized trader with artificial intelligence for arbitrage or what is it about?
How do You handle the fact on cryptocurrency banned in some Nations? Do You have a plan to help revolutionizing the crypto industry and ecosystem?
With Cook Protocol’s service centered on the crypto assets management which is quite profitable and also extremely risky in most cases, I’ll like to know your auditing stand. Has Cook Protocol gone through the required and proper auditing processes? You know this is necessary and also gives a certain level of assurance to your community of investors and asset managers, therefore what are your plans for this if it hasn’t been carried out yet?
Velas is a high scalability Token with a DPOS system, Cook also has Partnered with Velas, what is the performance that this alliance allows them, in the future do you plan to implement support for this chain or migrate to this consensus, what is behind them?
Can you tell us the role of Fund Managers in your platform? How important and essential is their role in your Cook Protocol network? Can anyone applied as Fund Managers in your platform? If yes, what are the qualifications? Thank you
In your Roadmap, I see that you will release Columbus Version Integration Testing in 2nd quarter this year and you will also release Magellan Version release in Ethereum mainnet this coming 4th quarter of this year also. So, can you give a little spoiler about the difference between Columbus and Magellan Version that you are going to release this year? Why do you need two version and why do you choose to name this Spanish native as Cook Protocol version? By the way, can you clearly explain what version in your platform is Columbus and Magellan? Thank you
Can i get reward from this projeck?
Why this projeck called cook protocol?
There is any rules on cook protocol?
Safety is a recurring and fundamental theme in any product. How do you guarantee the security of data, both for users and for oracles and contracts, without even having carried out third-party audits?
What requirements must we meet in order to enable access to Cook Finance governance?
One of the users main barriers is a difficult to use Defi products. Its user interface allows easy use, while offering a short learning curve?
I see in your Roadmap that Cook is supported by the etherium platform. Do you think that the limitations of this network could weigh down the performance of Cook Finance until the arrival of Etherium 2.0?
Let’s talk about commissions. The Achilles heel of the Etherium network today is congestion and high fees. Is there a commission avoidance mechanism within Cook Finance?
In your roadmap he mentions the development of the Cook ecosystem. Could you give us details of what you plan to bring us in 2021 Q3?
Without a enough sustentability, a project is destined to fail, so how Cook guarantee a good long run terms and the generation of profits to keep growing?
Defi is a hard Field to inexperienced users, so Cook Protocol can help to those users without knowledge in DEFI? Also which are the target customers that you want? Experts or beginners?
Speak us a little bit about security, considering that Cook Protocol was made to attract huge investors, do you have the enough resources to guard those funds?
Could you please tell us what problem that people usually get from investment that Cook Protocol aims to solve ? and what is the potential risk that Cook Protocol have for now and how do you plan to solve that problem?
Cook Protocol will getting closer to have an IDO on the cross-chain platform Poolz. and you already announce that you are opening the whitelisting for IDO. so how do we possible to become of one of your whitelist? what is the requirement ? beside IDO, is there any other way to get your token?
1. In a post in your TG group you say that Cook Protocol was founded on the belief that everyone needs to have access to finance and that decentralization holds the key to empowering people around the world to better manage their assets. That being said, how you are helping the world move
in this direction and how do you intend to accelerate the transition to adopting decentralized finance?
2. In your Whitepaper you define problems being like ”Blockchain-based wealth management provides a promising alternative to traditional asset management markets because of the open and transparent nature of blockchain technology.” However, existing blockchain solutions are often too sophisticated and technically obscure for ordinary investors. Moreover, none of them provides the necessary investment tools for professional fund managers to flexibly carry out a variety of strategies. In order to this, how Cook Protocol is going to tackle the aforementioned challenges? What are the benefits of your platform?
3. I read your WP at the section about Fund Security and found there out that proper permissions are assigned to fund managers to ensure the security of the funds in smart contracts. As a result, ckToken holders own the underlying assets in the respective fund, while fund managers can only allocate funds to whitelisted DeFi markets. Regarding this, my issue is – do the fund managers have trading access to smart contracts and eventually can they have any withdrawal permissions? What is the project’s structure to manage permissions?