We are pleased to announce our next AMA on March 30th 2021 at 12:30 PM UTC Time: Satoshi Club x Centaur
⚠️Click to see the hour
⚠️Total Reward pool: $1000
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Centaur Telegram group
We will have the following structure:
Part 1: 100$ /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$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Centaur Team will select 10 questions and answer them.
Part 3: 800$ – A quiz about Centaur
For more details:
Centaur – @OfficialCentaur
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What assets can users mortgage when borrowing on CENTAUR ?
Reading your website, I noticed that your work model has a semi-decentralized approach, but, in relation to this, how autonomous is your project nowadays? Do you think that this mechanism allows you to preserve your autonomy in the long run and even better, to achieve a 100% decentralized approach?
Regarding the option you give your users to obtain loans, I read that it is first necessary to do a “simple KYC process”, but how do you handle the obstacle that in many countries, there are still people who struggle for identity documents? Doesn’t this represent a drawback to achieve global adoption?
You have announced the launch of the Hadar wallet. The wallet will be available for download on the Google Playstore on 31st March 2021. How will a new user register in the app? And what methods of user authorization and data protection will be used: e-mail address, SMS message to the phone, biometric data or secret phrase?
In the near future you are planning to launch several products: Centaur Wallet – 31st March 2021, Centaur LP (Swap) – 14th April 2021 and Centaur Chain – 28th April 2021. What is the most significant event, in your opinion, for Centaur? Could you give a small description of each of these products?
In an article in Medium on March 22nd, you announced that the LP mining rewards for Uniswap CNTR-ETH pool will be reduced from 200,000 to 100,000 effective today, 22nd March 2020. Date is correct, maybe 2021?
Why was the decision made to lower the awards and how is the situation today?
Centaur uses a semi-decentralized approach to constructing solutions. Why semi- decentralized and not 100% decentralized? What are the pros and cons of the approach in this way?
About your lending feature, while the lenders are able to stake their assets into the Centaur liquidity pools, the borrowers can take out loans against those funds but there’s a condition of complete a KYC process, is this process available for all countries? What are the basic requirements and how do you check the veracy of the users’ identities?
Centaur allows the cross-chain transactions through the Centaur liquidity pools, can you specify the scope of this cross-chain bridge? Is it limited the liquidity pools? Also, can you explain what does it mean this feature is making emphasis on “legacy protocols”?
On you whitepaper you said that Centaur proposes a DeFi solution with centralized elements with the ultimate aim of moving towards a fully decentralized model. So, with this in mind, what solution do you plan to bring to the table, and what centralized elements do you want to incorporate on Centaur to reach this goal of yours? How will centralized elements help you on this purpose? Also, could you please explain me how would a project with centralized elements move towards a fully decentralized model? Because that is something that I don’t really understand and I would like to.
You offer lending, asset management and digital payments all of them in the two versions, decentralised and centralised, how does Centaur do to manage with transparency a semi- decentralised platform? How do you achieve the best of the decentralised and centralised in these products?
I read that because of the ambitious scope of the Centaur platform, the platform will be developed incrementally in three phases. Can you explain us this a bit more? Why did you decide to make Centaur as a incrementally progression project divided into phases and not a platform that could fulfill all your goals at once? Also, how long will each phase take and what benefits will users get from every one of this phases your platform will suffer?
In Q2 of the Centaur roadmap, you will carry out Testnet V2 Development (ABCI). What does this development consist of? Also in Q3 you will carry out the Development of Testnet V2 (Zero Knowledge Module), how will this development work? What is the Zero Knowledge Module? What is the purpose of carrying out these developments?
Centaur proposes so-called “admin nodes”. This implementation of cross-chain transactions creates the possibility of a cross-chain attack. What do the admin nodes do? How do they work? Why are they semi-centralized? Can they avoid a cross-chain attack?
Users who are interested in becoming a Centaur blockchain validator have a chance to be? Any user capable of becoming a validator? What are the steps to follow to become a validator? Are there certain requirements?
Recently you announced the launching of Hadar a Multi-Asset, Multi Address, Multi-Purpose Wallet, can you tell us more about this product and the amazing features it has that provides it such an amazing title of multi functions? When will this launch take place for both Android and iOS users? Will Hadar be a free product for everyone, or some of this features will be only available if we pay for them? Also, do you have plans on releasing any other products?
I read that Centaur has received support from numerous partners to accelerate the growth and development of the project. The first group of partners are those who hold licenses in various jurisdictions. What kind of licenses would interest you in the future partners? What is the aim of this till now?
For legacy users, the reinvestment rate is set at 75% of the V1 rates. The reinvestment option can only be exercised if the V1 balance has not been withdrawn. It’s worth noting that users will be able to stake their previous V1 stake amount without having to withdraw it. Do they maintain the same rate for new users, does this behave in a variable way? How long will they lock the tokens to allow for staking?
If the liquidity provider adds BNT in its place, the protocol will burn BNT that was previously coined, allowing the liquidity provider to take the place of the protocol. Do you mean that a liquidity provider can participate in one-sided bets without risking exposure to other tokens?
They have recently announced the soon launch of the Hadar wallet, the interface for the Centaur ecosystem. Hadar is a mobile application wallet designed to help users manage and store crypto assets in various protocols, all on one platform. Will this version be available for Apple too? What is the security service for the protection of my crypto assets in this mobile application? What networks are built into the beta application?
It is mentioned in Centaur website that on Digital Payment users are able to freely transact their cryptocurrencies through the Centaur liquidity pools. What about the Centaur app? Is it user-friendly for newbie and pro?
You mentioned that one of Centaur interface in the ecosystem is Hadar wallet. Is this wallet has been launched? Can you tell us the unique features of Hadar?
Traders will be able to seamlessly trade between two tokens on Centaur Swap without having to route trade through multiple pairs. The impermanent loss is the result of a divergence in the price of token A relative to token B from the time of deposit to withdrawal. What factor is applied to avoid loss from trading assets that fluctuate in value?
Following the successful launch of their native V1 bet that took place on October 26, they are excited to continue with the next round of our betting initiative. How will the trading commissions charged by Centaur Swap be distributed? How do MMA work in Centauro?
Liquidity providers can choose to bet only one token, which will avoid unnecessary exposure to other tokens, thus reducing non-permanent loss. How will you incentivize arbitrageurs to rebalance unbalanced liquidity pools?
Centaur will launch its Hadar mobile app wallet on March 31, 2021. And user registration on the Hadar mobile app is done through email and password. Is there any possibility that users can have access with their wallet addressess private keys for safekeeping if ever there is an event that your app might be down or cannot be access?
Liquidity providers can choose to bet only one token, which will avoid unnecessary exposure to other tokens, thus reducing non-permanent loss. What percentage of loss will liquidity providers present?
The Hadar wallet will be available for download on the Google Playstore on March 31, 2021. The private keys are locally encrypted with your password before being synced with the server. The password will not be saved or stored anywhere, in the case of a compromised server, your funds are protected as no one will be able to decrypt the account without your password. What if I lost the password that cannot be recovered? Can i also log in to multiple devices at the same time?
Centaur Swap is designed to be interoperable between chains, that is, by any token, literally they refer to any token. Will the Centaur platform function as a backward-compatible settlement layer between the different blockchains? Do you have yield-generating index funds?
According to Centaur Q4 2020 roadmap, the team is working to acquire partnership and licenses in SEA. Can you give us update on what Countries are already onboard for the launching of your lending platform? Have you able to secure some licenses and parnership?
Centaur is bridging DeFi and traditional finance. With your researched and planning of the Centaur Ecosytem, what percentage of your platfotm is DeFi and how many percent is governed by traditional finance? Which one have more weight and influence in the entire ecosystem?
Like Centaur, Tendermint is the infrastructure engine for the Cosmos Network, a multi-chain blockchain framework platform focused on addressing the scalability and interoperability issues of blockchain systems. Would your goals in the DeFi ecosystem be the same as Cosmos Network? Why? What makes you different from Cosmos Network?
According to the project roadmap, in Q2 you will launch the Integration of Cross-chain Transactions and the Integration of SEA Entities. Can you talk a bit about these advances? What benefits can it bring to the project and the community? Can you explain in more detail what the Integration of SEA Entities consists of?
The roadmap only goes until Q3 2021, do you have plans for the rest of the year? Do you have plans for next year? Have you thought about updating the Centaur roadmap?
Centaur touched a very interesting point on its development, the mix between “Defi” and “Trafi”, so can you explain us how Centaur is able to connect both financial systems?
The slogan of acentaur platform is that ‘The Future of DeFi is Here’ and so I wonder which features of Centaur do you think that actually represent the future of DeFi? and, how do them change the user experience and performance in DeFi?
It is well known and explained that the approach utilized in the platform of Centaur is not 100% decentralized. Which means that some features of the platform are partially centralized. Would you explain what are the centralization points of Centaur and how aren’t them a problem to the DeFi structure it holds?
Centaur’s platform has a regulatory control function. Would you explain us how this system works within the platform, what is regulated in it, and if its done in a fully decentralized way?
Few days ago Centaur announced the launch of its own Wallet under the name ” HADAR” ( a star of the centaur constellation, nice name btw), so but can you explain what are the most important features that this new wallet has? How many blockchains can it support?
Which features of the platform of Centaur enable it to bridge the gap between DeFi and the centralized fiat traditional finance? How are you attracting users that have zero knowledge about crypto and blockchain, to really get to link the good of Fiat with DeFi?
Why do chose the name of a mythological creature to represent your project? Is because Centaur Finance has a Hybrid architecture? DEX + CEX?
Commonly the DeFi Finance projects wants to be fully Decentralized, but Centaur is not the same, can you explain why Centaur needs some centralization?
The Centaur Staking was successfully launched with a huge APR Around 120%, so from where do you obtain the funds to reward the stakers? Also How Centaur generates its own personal profits?
Many projects say that the traditional financial system is really a problem to be solved, and that is why they implemented DeFi, but now why are there projects like Centaur and many others that seek to unite Dex and Cex? Is traditional finance really not a problem like many others think?
I read the features that Centaur offers and they are really the most used in all projects, but I don’t understand why develop a new blockchain to use those same features? Is it just to avoid ETH’s big gas fees? or really why?
You mention that Centaur Chain “will focus on achieving interoperability between chains, but emphasizing legacy protocols that are stable and support contracts”, but could you really explain what those “legacy protocols” are? Are those created by you or used in other reputable chains?
I understand that the Centaur chain is based on the Tendermint Core consensus, but could you really explain why to use only that consensus and not another? Could you tell us both the advantages and the limitations that this consensus offers them?
You point out that if the community bets funds to provide liquidity in Centaur, you will be able to develop the financial solutions that DeFi needs, and then based on those solutions, bettors will get part of the profits, but really what would be “part of the profits “? would it be simply the% that corresponds to the liquidity bet? or would it be something additional?
You indicate that your CNTR tokens will be used for the payment of gas fees, but could you really give us details of how much the minimum transaction cost would be approximately in the Centaur chain?
One of their goals in Q1 2021 was to launch the lending platform in the UK and EU, but were they really able to launch it? If so, how many users have been able to enjoy the loans on this new platform and new blockchain? and if not, when will the launch really be?
All the projects in DeFi mention that they have the solutions that DeFi needs to be able to unlock the full potential of DeFi, but is Centaur really the one that will manage to unlock all that potential? and will he achieve it just by uniting Cex and Dex?
What pairs are currently supported by Centaur Swap? Is it possible to add new pairs to Centaur Swap independently? How will your listing strategy be, do you plan to use a DAO mechanism to determine the pairs to list?
Which chains do you plan to prioritize when creating the HADAR wallet and will you add new chains over time? When designing Hadar, did you add different and unique features or functions compared to your counterparts?
Also, at what stage and when will you do your efforts to integrate DeFi products (clearing, lending / borrowing platforms, LPs, etc.) locally to Hadar?
have done some research about interested project at bockchain. And Centaur is one of that count on my list. But considering that I am newbie, is there any user guide for new user at Centaur? Does the platform easy-to-use?
Overtime there has been a steady and gradual rise of projects whose core foundations and services are built around the DeFi and trado-financial services. The high proliferation of these projects makes the question of security and liquidity paramount to any investors and LP’s choice. What will Centaur do different to boost both investor and customer confidence and how will your products/services ensure a fair and equitable distribution of financial services?
I followed up on previous statements made by your team and I could see that you will be focusing on $ BTC, $ ETH and $ ERC-20 assets at the moment, can you tell us the reasons for working with these chains first? Why not include BSC which could be much more beneficial in relation to fees?
In your roadmap the integration of UK and EU partners is planned, can you tell us your particular interest in these countries? What benefits are you looking for and also how do you plan to deal with the arduous regulations that have been implemented in relation to cryptocurrencies, especially in the US? Wouldn’t that be a disadvantage?
For your Asset Management service, it’s stated that investors can vote on the fund structure through the Centaur contract and verify the breakdown of funds across the various protocols. At what stage is an investor eligible to have such privileges, are there existing prerequisite to guarantee such or it’s just a general consensus and how is the voting process carried out via the Centaur contract?
On your website I noticed that Centaur uses a semi-decentralized approach, but how does this semi-decentralization really work? Could you explain me how you manage to offer loans, digital payments and asset management in a centralized and decentralized way at the same time ? Why did you decide to integrate these two features ?
In your roadmap exactly in the third quarter (Q3) you plan to launch or integrate the lending platform (CEA), so could you tell me about the different functions and tools that we will find in this platform ? What characterizes or differentiates it from other lending platforms? Does it have a guaranteed security ? Will KYC be required?
My question is about the “Staking”, recently they announced the launch of the second version of our participation program “CNTR STAKING V2” and this will be for a period of 90 days, but can you tell me more about this staking? What will be the earnings that people will get at the end of the 90 days? Are there any improvements that differentiate the first STAKING with the second one ? And when this second staking is successful, do you plan to make a third one as “CNTR STAKING V3” ?
About the CNTR’s staking program. What are the requirements for staking? What will the reward system be like?
Why develop a hybrid project? Why does the crypto industry need Centaur? what are the strengths of your project? how do they stay profitable?
As I Know You use a lottery Format. can You tell US how it fair to all participants? How can I participate? What other ways to generate profits does Centaur offer?
Centaur is launching it’s lending platform in UK,Europe and Southeast Asian nations. Do you also have plan to expand your lending platform in American and African countries in the future? Can you tell us specifically what Southeast Asian nations are you negotiating with your lending entity? At present,in which European countries you are engage in? As your platform expand across different countries, do you also comply it’s corresponding rules and regulations especially the license and permission before operating or starting a business especially lending platform? Basically, how many employees do you have in a certain office for your Centaur lending? Thank you
You mention that Centaur has a different path to follow as it offers solutions based on a hybrid of centralized and decentralized principles, so as Centaur creates offers in decentralized systems following the rules that are based on centralized principles in order to achieve a bridge between centralized and decentralized finance decentralized combining the best elements of each one, does this mean that your system can share and have access to data from centralized companies with all the laws that regulate it to enter the path of decentralization? Can you explain a little more how this development works between these DEX / CEFI characteristics?
How Centaur addresses the issues by using accessible and easy-to-use web-based mobile applications to address financial needs such as domestic and cross-border remittances through blockchain and technology and the evolution of crypto in the coming years in different areas such as the banking system that is totally Cefi?
How the decentralized network of Oracles works in different contracts that have or integrate different chains to channel transactions and preserve interoperability since in this face it is the most important for me since an error in time would be a threat to the ecosystem since can collapse how do you avoid that?
Can you explain more about the Analytical Dashboard of Centaur wallet? What are the inclusion of this dashboard? Do we need to have a 2FA key to access this dashboard in Centaur wallet to make it safe and secure? Thank you
I’d like to learn more how Centaur utilizes a semi-decentralised approach and manages to combine decentralized architecture with centralized systems. Will it not defeat the purpose of the crypto decentralization?
Centaur aims to be protocol agnostic which is huge in the current compartmentalized crypto space. Please tell us what protocols do support and plan to add in the future? What are the criteria for selecting protocol integrations?
Centaur plans to utilize the zero-knowledge technologies to protect the privacy of our users. At the same time you require KYC for lending module. Could you please clarify how will KYC coexist with the zero-knowledge approach? Thank you!
1. Hello Sir
On your site you describe Centaur as utilizing a semi-decentralized approach to constructing solutions, leveraging on the transparency and security of decentralized architectures while providing a fail-safe layer through centralized systems and processes. Your features Lending, Asset Management and Digital Payments are divided in both, decentralized and centralized. And something got my attention here: “In the event of a borrower default, Centaur will claw back the funds through traditional judicial processes and dispute resolution methods.” Being a lawyer, my question is – how are you going to identify the personal data of a person? Is there an advanced KYC process involved? What will be the loan contract penalties as long as they are in dispute, under official litigation? And in this case, the jurisdiction of which state will be applied to the loan agreement? How about if users from OFAC(and not only) use VPN and professional photoshop to elude your KYC system identification?
2. I’m looking at your site, there are a lot of cool features and user-friendly design. Accessing your Roadmap, I don’t see anywhere something about Audit. In case of a hack-attack, do you cover assets loss due to your smart contract attack? How can you assure us about security risks such as flash loans, token mining and price oracle manipulation attacks? Is there that your testnet can harm some modifications to the code?
Are you planning to list on more exchanges ?
I learn that Centaur Swap using ETH blockchain same with CNTR token also ETH but why is Centaur Chain using cosmos? Any reason for this? It will run with some kind of bridge?
I read that Centaur already make collaboration with Elrond and Casper project. Could you please tell us more about this collaboration? What is the advantage and benefit regain by both of you from this collaboration?
I learn from your site that there is a time / deadline to withdraw CNTR token from your V2 Staking Pool, can you give us reason why Centaur do this? And how does your staking system work actually?
Centaur is bridging DeFi and traditional finance. It sound like impossible since DEFI is more popular, how Centaur’s team try to make this success?
And can you give some preview in the future for the progress of your mainnet and also about your wallet ?
In your roadmap I could see that your latest project is the launch of your loan platform (SEA), what differentiates you from the current one?
What is the minimum amount of CNTR I must have to exercise my voting and decision-making power? Do you not plan to include NFT as rewards?
Users only deposit their cryptocurrencies in centaur and receive their dividends, how easy, I like it, or do they have other forms of bet to multiply my investment?