Month: March 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 PRüF and our guest was Clifford Smyth – CEO and a lead dev at pruf.io. The AMA took place on 14 March.

The total reward pool was 500$ 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 PRüF! Welcome to Satoshi Club😀

D. | Satoshi Club:
@exosequitur welcome to Satoshi Club! good to have you here! 👋

Clifford Smyth:
Hello, Satoshi club community!

Good to be here!

Mary | Satoshi Club:
Hello, Clifford! Happy to see you here!

How’s going?

Clifford Smyth:
Things are great, working hard on the project, and lots of exciting progress. I’m really excited to be able to share some of the cool stuff we’ve been working on!

Mary | Satoshi Club:
Fantastic! Let’s start 🚀

Clifford Smyth:
Sounds good!

Mary | Satoshi Club:
Could you please introduce yourself and tell us more about PRüF😀

Clifford Smyth:
My name is Clifford Smyth: and I am CEO and a lead dev at pruf.io. I’ve been building software for most of my life, and my work at PRüF is what I’m here to talk about today, obviously!

I’ve followed blockchain technology since bitcoin was still theoretical – the idea of Merkle tree ledgers is actually pretty old, but it was “Satoshi Nakomoto” that brought the incentives into line to make it happen.

Watching that develop changed my thinking on distributed systems because it showed that the alignment of incentives is the key to making it work.

Since then, I have incorporated that insight into much of my work, and it is a fundamental basis for everything we engineer at PRüF.

At its core, PRüF is a privacy-first provenance platform that provides instant verification of ownership, authenticity, and item provenance.

PRüF is designed to manage both digital and physical assets as NFTs, and we offer manufacturers, artisans, and NFT content creators turnkey white-box solutions for tokenizing their goods without writing any contract code.

Since PRüF is a platform, not a product, we allow NFT creators, brands, and businesses to create secure, authenticatable, branded NFTs to represent and manage both digital and physical artifacts.

In addition to basic tokenization, PRüF delivers a lot of core functionality to objects tokenized in the PRüF ecosystem. PRüF enabled NFTs are manageable with customizable business logic and have built-in monetization functions for creators to utilize. PRüF enabled NFT assets come with built-in functionality for secure sales contracts, escrows, and even secured loans.

Mary | Satoshi Club:
That’s interesting! We definitely need ownership verification! 👏

Clifford Smyth:
I think that’s one of the key uses for blockchain tech, really.

Mary | Satoshi Club:
So, you won’t have your own PRüF NFTs?😉

Sure, you’re right!

Your platform focuses mostly on businesses now?

Clifford Smyth:
Well, NFT’s created using PRüF are all “PRüF NFTs”, but because we’ve designed PRüF as a solution for creators, companies, and brands, they can be branded by the user while still operating in the system. It’s really a matter of segregating the interface that is presented to the user, to enable brands to present their offerings in their own context.

Our platform is designed to be accessible to users at any scale. Individuals, artisans, manufacturers …. just about anyone that wants to create tokenized assets, digital or physical.

Mary | Satoshi Club:
Got it, it’s definitely different than simply nice pictures! This is the use case that is the most important for the industry.

How much time has passed from the idea of PRüF to its implementation?😀

Clifford Smyth:
We anticipate that individuals or small issuers will probably use the default interface and that companies will own nodes that direct users to their branded portals.

Mary | Satoshi Club:
Yes, it’s good scenario 👍

Clifford Smyth:
We’ve been working on PRüF platform for about a year. Our main focus has been on making secure, private ownership of physical or digital items on the blockchain, and expanding the utility of tokenized assets so that they continue to provide value throughout product lifecycles. Of course, digital assets like art NFTs also fit perfectly in this framework – but we are far more than an NFT art platform.

I can give a quick rundown of what we provide in different applications….

Mary | Satoshi Club:
Sure, i see that you have much more use cases!

Give it, please 🚀

Clifford Smyth:
For physical goods:
In the inventory management and provenance space, we enable manufacturers to tokenize supply chain resources, establishing provenance at each step of manufacture, assembly, and distribution.

Once products reach the customer-facing space, we enable buyers to verify product authenticity, to guard against imitations and counterfeits.

Users of PRüF enabled items can then take advantage of the private-provenance feature, enabling them to establish their ownership with a digital title on the blockchain. Peer to peer or private sellers can prove ownership before the sale, increasing value and security for all involved parties.

Lost or stolen items can be marked as such, so that a stolen item scanned with a cellphone (no app required) will appear as stolen, making theft a less profitable option.

PRüF accomplishes all of these goals while not storing any personally identifiable information making PRüF a truly privacy-first platform.

Mary | Satoshi Club:
Fantastic! You will provide a lot of services!

Clifford Smyth:
In the NFT digital artifact space

PRüF provides a no-code solution for content creators and NFT teams to launch (https://pruf.io/devs.html) their tokens within their own curated blockchain space with our turnkey asset creation and management platform.

We address critical issues in the NFT space by providing simple, authoritative authentication to protect against fake or facsimile NFTs. We provide integral differentiation of token issuing authority, enabling authenticated token issuers to design their own customer experience and branded namespace.

We protect image-sensitive brands from the wild west of unverified issuers and offer their customers the assurance and security with comes with community curated assets.

So that’s a window into our primary use cases.

PRüF helps companies to eliminate counterfeit products, which is a problem that costs trillions in lost revenue, over 3% of global trade; the anti-counterfeiting industry is expected to reach nearly 200 billion dollars by 2026.

PRüF is well-positioned to be a major disruptive player in this fast-growing market, and that’s just one of the many verticals that we will bring into the blockchain space with PRüF.

Mary | Satoshi Club:
Super! Great intro, Clifford! I could ask more questions, but I know, that we have some questions related to all these things from our users😀

Clifford Smyth:
OK, great!

Mary | Satoshi Club:
Let’s go 👍

Q1 from Telegram user @Gbasdfg
As I know PRüF is relatively new, you’re just getting started. Can you tell us about the progress you have made so far? What has been the most important update of the moment and what are you currently focused on?

Clifford Smyth:
Great question! give me a minute, there’s a lot!

D. | Satoshi Club:
Sure! take your time👌

Clifford Smyth:
As i mentioned earlier we’ve been working for about a year … we’ve got our MVP contracts audited and operational on the kovan testnet. We have the MVP DAPP up at app.pruf.io

D. | Satoshi Club:
Lots of work been done 👍

Mary | Satoshi Club:
How’s your testing is going?

Clifford Smyth:
Right now we are focused on rolling out additional features in the interface to make onboarding content and companies a turnkey experience

Testing is coming along great in the new contracts

Mary | Satoshi Club:
Super! I think everyone should try your MVP dApp now👍

Clifford Smyth:
We’re working on a problem in the NFT Space that surprisingly few people are talking about …….. Data persistence.

We are targeting May-June for listing our IDO, and will be rolling out additional key features including staking on ACNodes by that time.

You’ll want your metamask set up for Kovan testnet!

Mary | Satoshi Club:
How this data persistence problem can influence on ordinary users, can you explain, please

I know, i think i even still have some test eth there😀

Clifford Smyth:
If you are testing the app, feel free to ask questions in the telegram chat at t.me/pruftalk and a community manager can get you pointed in the right direction!

Mary | Satoshi Club:
Satoshiclubbers 🚀 join and participate in testing 😉

Clifford Smyth:
A lot of NFT content is actually stored “in the cloud” or as I like to say, on someone elses computer. Its not on chain.

So, eventually, it will disappear.

Mary | Satoshi Club:
Ahaha, you’re right😂

I feel that mine also

And it scares me

Hope this problem will be in the past with PRüF’s help

Clifford Smyth:
Most solutions use a data warehouse or IPFS. Both require that someone continue to ensure that the content is available. We are working with ARweave to create persistent data for PRüF NFTs. We feel that this is really critical, because otherwise, what do you really get with an NFT?

If its a blockchain title to an asset, you dont want the digital copy of the survey or certification to just disappear one day.

If its digital art, you dont want it becoming just another broken internet link.

D. | Satoshi Club:
That’s true

Mary | Satoshi Club:
Very true!

Clifford Smyth:
Don’t get me wrong, IPFS is a great solution if you don’t need absolute permanence….but it still requires someone to keep a server spinning. It’s not a blockchain.

Mary | Satoshi Club:
I think i understand what you’re talking about, me and @Cool_as_Ice were talking about similar things lately!

Thank you for your great explanations, Clifford! Ready to proceed?

Clifford Smyth:
Ready!

Q2 from Telegram user @Highpee
You have described PRüF as the privacy-first provenance platform that provides instant verification of ownership and authenticity. However, the services you offer is similar to VeChain which allow business users to verify ownership and authenticity of materials and goods as they move through the supply chain. Why do you think you are the first and what set you apart in this regard? What fresh Innovations will you be using to provide verifiable and efficient private asset management which validates a product lifecycle and can warn users of potentially counterfeit products before purchase?

Clifford Smyth:
Great question !

There are some superficial similarities to VEchain, so we get this question quite a bit.

First, because the PRüF platform is designed to accommodate most business cases, it can be used for supply chain and materials management, in a very similar way to VEchain.

But the similarity ends at that point.

First, pruf is privacy-focused , instead of transparency-focused.

VeChain is primarily a supply chain solution, with its own blockchain, and for that, its RFID tag functionality is a pretty good fit. VEChain allows business users to publicly verify the history of materials and goods as they move through the supply chain.

VEChain relies upon these materials and products running through official channels where they will be checked, which is a good fit for many industrial applications, and ultimately can protect consumers in many important cases

PRüF on the other hand, is a privacy focused asset tokenization and management platform. Provenance is just a part of a much bigger picture.

PRüF-Verified and PRüF-Private-Provenance are customer-focused solutions designed to assure authenticity and secure private ownership and commerce after the sale.

This is a key differentiating factor, because PRüF is designed to have strong utility for end users.

PRüF continues to offer value to users through verifiable-but-private asset management and protection throughout the product lifecycle, and alerts consumers to potentially counterfeit products before purchase.

In addition to supply chain tracking, we use a crowdsourced method for point of sale counterfeit detection.

As an open source ecosystem, PRüF is extensible by the community by adding ACNodes and custom business logic, so it is possible that the most important uses of PRüF haven’t even been developed yet.

Here’s a link to my full article on the subject:
https://prufio.medium.com/pr%C3%BCf-and-vechain-can-both-be-used-to-monitor-supply-chain-logistics-but-the-similarity-ends-there-31a91b8f16d1

….And thats just for the physical asset side 🙂

Mary | Satoshi Club:
Ohhhh👍😂

Can you explain for our members why does private asset management is important for users?

Clifford Smyth:
One interesting case would be that, for instance, a major online auction house could tokenize all items flowing through its system with PRüF, adding value for asset protection and management for users, while bringing customers back to the platform each time they interact with the item – even if they were selling it privately in person. Because pruf allows owners to prove that an item is legitamately theirs, it makes private commerce more secure.

PRüF was developed after finding a need to be able to prove ownership of things without giving up the privacy and control of your assets. Conventional solutions either rely on cumbersome bureaucracy or data-harvesting dot-com entities. We wanted a way for people to be able to prove the provenance and ownership of their possessions without being at the mercy of third parties that often have incentives that conflict with the property holder.

Mary | Satoshi Club:
How this system will work, can you give detailed example?

Clifford Smyth:
Ok, sure!

For retail items, or items that pass through a reseller, we enable buyers to verify product authenticity, to guard against imitations and counterfeits.

Users of PRüF enabled items can then take advantage of the private- provenance feature, enabling them to establish their ownership with a digital title on the blockchain.

Peer to peer or private sellers can prove ownership before the sale, increasing value and security for all involved parties.

Lost or stolen items can be marked as such, so that a stolen item scanned with a cellphone (no app required) will appear as stolen, making theft a less profitable option.

PRüF even incentives reuse, by allowing discarded items to pay their prior owners a small bonus if someone registers them. Trashing still-usable things now makes less sense.

Pruf also enables things like escrows, layaways, secured loans backed by physical assets….just about any business logic you might want to create.

A little bit about privacy: Because i think it is really important for this!

Mary | Satoshi Club:
Really impressive!👍

Sure!

Clifford Smyth:
The PRüF protocol does not store personally identifiable information on the blockchain.

This is important because, by design, the blockchain is a living public document.

Anything stored on the blockchain is inherently public. PRüF uses user data to create digital “shadows” of the information it is given, and the original information is discarded. Like a shadow, the data cannot be used to recreate the original scene, but it is a unique imprint that can be used to verify that a scene matches the shadow or does not.

By not storing your information, PRüF data becomes immune to breaches, hackers, or other methods of coercion – the data is simply not there to take.

Privacy and security are almost always a tradeoff with functionality. PRüF meets this challenge in two ways:

PRüF allows a specific user (and only that user) to prove that they are the owner or authorized party to a single specific asset. This limitation is a privacy feature in our case because it prevents “looking up” users’ listings on the blockchain.

While privacy is important, sometimes we wish to make things public. PRüF allows for this as well, by linking assets to publicly readable (or encrypted) information accessible online. This way, users can publish what they want to make public while retaining control of their privacy.

Here is an easy to read short-story written to represent a fully functional PRüF enabled future.

https://pruf.io/assets/files/An%20afternoon%20with%20pruf.pdf

Mary | Satoshi Club:
Thanks for sharing! A lot of really important info to read!

Clifford Smyth:
https://pruf.io/whitepaper.html#header16-u

D. | Satoshi Club:
Thank you!

Clifford Smyth:
Lots more info here ^^^^

Mary | Satoshi Club:
Clifford, thanks for your answers😀 privacy is that what i am looking for, so i will definitely dive deeper in this articles!

Ready to jump to the next question?

Clifford Smyth:
Ready!

Q3 from Telegram user @h1drX
PRüF is a really useful platform, but a negative point of PRüF is the adaptation to the Ethereum blockchain, due to its high fees and its traffic on the network, do you think in the future to incorporate another blockchain to PRüF?

Clifford Smyth:
Absolutely!

We’ve always known that the ETH network would never handle the transaction volume and economy that PRüF needs to reach its full potential.

We launched on ETH because A: it is the only mature dev ecosystem, and B: it had the strongest community to showcase our capabilities.

We did this knowing that there are other, higher-performing EVM’s that can directly support the PRüF codebase, and we are fully prepared (and planning to) port our contracts to a true 3rd generation platform.

Ridiculous ETH gas costs have just made our giveaways and bounties a bit more expensive, but other than that there is operationally no effect because we never planned to fully launch on the ethereum blockchain.

Mary | Satoshi Club:
That’s what most of the projects doing now🤷 Ethereum kills with fees

Which blockchains are your priorities now?

Clifford Smyth:
For us, it was never really a question. We were hopeful about eth2, but it doesn’t look like that will help that much. There are lots of options though. We are getting ready to make a selection at this point, and we are looking at a few. We need a really high capacity chain with low fees…so that means just deploying on a cheaper eth clone won’t work in the long run.

Mary | Satoshi Club:
I got it😂 you really care about quality

Thank you, Clifford! Do you want to add something or we can go to the next question?

Clifford Smyth:
We are looking carefully at Cardano, BSC, FLOW, HPB, and others. Cardano is looking strong right now because it is a true 3rd gen platform, and it can handle our TX volume. It would be great to be one of the first IDO’s on Cardano too!

Mary | Satoshi Club:
Nice choices! I am happy I heard HPB name, they were here and i really like this project

Clifford Smyth:
From a tech perspective, HPB is great!

Mary | Satoshi Club:
And of course, you’re right, Cardano is strong!

D. | Satoshi Club:
Thank you for the detailed answers! 👍 let’s go to the next question🚀

Q4 from Telegram user @garrinepotter
I tried to understand the classification of assets in the PRüF ecosystem. The question is about ACNode (asset class node). ACNode holders receive a percentage of network fees. While having ACNodeKeys they can change the transaction value. Explain to me why ACNode holders have such rights and who can become an ACNode holder?

Clifford Smyth:
Great question!

At first, the distribution of ACNodes will be strictly through our grant program, but eventually, anyone will be able to mint an ACNode.

D. | Satoshi Club:
What will be the requirements to do this?

Clifford Smyth:
ACNodes would typically be either some kind of brand or commercial entity, including artisans, manufacturers, or resellers – or someone that wants to provide asset management services to a class of assets, either completely on-platform or with additional services in the physical world.

Mary | Satoshi Club:
Thank you, it’s clear! Do you want to add something or we can go to the next question?

Clifford Smyth:
Grant recipients will be teams that present with ideas and the ability to execute in a class that we feel will enrich the ecosystem and provide useful services or products to users.

…almost

Other than that, eventually, ACNodes will be minted by burning PRüF tokens.

The ability for ACNode holders to set prices only applies to the items that they tokenize. If a competing node is better for users, they can migrate their assets to a more competitive node, or one that offers a better user experience.

It’s all about the users.

Mary | Satoshi Club:
So, you will have burns!😀

Clifford Smyth:
Yes, definitely. Tokens are burned as the network grows. This is designed to lower the barrier to entry at first, and to build value for early adopters!

Q5 from Telegram User @NataliyaKil
Previously, in order to participate in airdrops from PRüF, we had to get into the Whitelist and join the airdrop using our key base account. How is it now? Do you conduct airdrops for your users and what are the conditions for participation in them?

Mary | Satoshi Club:
Wise system!👍

Clifford Smyth:
Right now we have no airdrops scheduled, but I would not rule it out once we move to our new platform! Right now we do have bounties and contests in the telegram channel where you can earn PRüF, so check it out at t.me/pruftalk

D. | Satoshi Club:
Don’t miss the chance Satoshi clubbers! to earn some PRüF 😉

Mary | Satoshi Club:
Yes! It’s attractive 😀

And just one 6th question left for this part! Ready for it?

Clifford Smyth:
Yup!

Q6 from Telegram user @Giniwhite
What are the advantages of a PRüF-enabled NFT? Why should developers launch their NFT project with PRüF?

Mary | Satoshi Club:
👀

Clifford Smyth:
That’s a great question!

Pruf tokens come with a host of built in features, since when you launch on PRüF you get all of the functionality of the PRüF contract infrastructure!

Unlike legacy NFT marketplaces and creation platforms, PRüF was designed from the ground up to handle both digital and physical items.

With PRuF, you get extensive support different files, multimedia, or even software attached to your token.

All PRüF enabled NFT assets are fundamentally interoperable, though they may vary widely in associated content and functionality. This means that they can be viewed and interacted with within a common infrastructure, enabling a diversity of markets, trading platforms, and galleries that work with all PRüF enabled NFT’s. This commonality has the added benefit of ensuring absolute uniqueness and exclusivity of each NFT, a very important feature in many NFT based business models.

One of the really important advantages to tokenization on the PRüF platform is that assets can be created in verified asset classes, establishing authenticity and value by tying the token directly to a studio, brand, or a respected agent, like a major auction house or broker. These curated asset classes establish a verifiable pedigree for NFT’s minted using PRüF.

Developers can deploy NFT dApps by incorporating our libraries into their websites or adapting our sample react template. Using the tooling that we provide, developers can specify the features, look, and feel that is desired for their project with complete freedom.

PRüF Native NFT’s are standards-compliant tokens deployed within a recognized universal NFT network on the blockchain so that all tokens will have a contract-origin pedigree making them instantly recognizable, trade-able, and interoperable with other major platforms.

And very soon, truly persistent blockchain storage for your attached content!

Mary | Satoshi Club:
Did you already find some developers which will use PRüF? Or maybe they find you?😀

Clifford Smyth:
we are working with a couple of promising projects….😀

Mary | Satoshi Club:
We will follow your updates 😉

Sure a lot of news ahead 👍

Part 2 — live questions from the Telegram community

Q1 from Telegram user @rockmorti
Will PruF TOKEN have a profit in the DAo and governance aspect so that the community can get 100% involved in the project, adding value?

Clifford Smyth:

Q2 from Telegram user @BJosefina61
Regarding Ruf, is this project ONLY related to ART-based NFTs or are you also promoting aspects of NFT dedicated to finance?

Clifford Smyth:

Q3 from Telegram user @nadee5
Will PRuF be available as a mobile app in the future?

Clifford Smyth:

Q4 from Telegram user @shihadk9074
Many Projects vanished after their presale. How to ensure investors PRuF will not scam? Are PRuF smart contracts audited and how safe it from hackers?

Clifford Smyth:

Q5 from Telegram user @Beterror203
You say that PruF is also open source and we can use its technology to “create”, so how can we do it with this system? ACNodes is it possible to adapt to web3 and asset tokenization since it is not possible to share with a centralized system, so what? how we achieve greater adoption with this code since they say that we can launch their exclusive NFT offers on the PRüF platform in minutes without writing a single code, what is the problem you solve with this code, how are the contracts that we create under this code is truly audited, backed and insured by Pruf how?

Clifford Smyth:

Q6 from Telegram user @tumni
I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, do you have plans for HACKATHON so as to check the security of your ecosystem periodically and also invite developers to build?

Clifford Smyth:

Q7 from Telegram user @woah_admin
Is there an NFT project that you see as a competitor to your NFT project?

Clifford Smyth:

Q8 from Telegram user @AmirJosh
Does PRüF Platform have a capacity to build NFT card-based gaming projects? They are becoming popular and easy to find market products today so can you support such kind of project?

Clifford Smyth:

Q9 from Telegram user @Tony253210
I just got very curious about your name, it is very similar to “Prüfen” which means ” check or verify” so it is the meaning of your name or is it just a coincidence?

Clifford Smyth:

Q10 from Telegram user @K2ice
Counterfeit products are one of the problems that cost trillions in lost revenue. How can PRüF help in the elimination of counterfeit products?

Clifford Smyth:

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Boson. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners:
PRüF Telegram community:    https://t.me/pruftalk
Twitter:   https://twitter.com/prufteam

We are pleased to announce our next AMA on March 26th 2021 at 03:00 PM UTC Time: Satoshi Club x Rage Fan

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

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

Part 3: 300$ – A quiz about Rage Fan

For more details:
Rage Fan – @rage_fan
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 OMNI and our guest was Manny Hernandez – @mannywisdom, Marketer of OMNI. The AMA took place on the 12th of March.

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

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

Part 1 — introduction and questions from the Telegram&WebSite

Gold Rocket | Satoshi Club:
Good evening, dear community!
We are pleased to announce our AMA with Omni.😊 Today our guest is @mannywisdom! Welcome to Satoshi Club @mannywisdom!!

Manny Hernandez [NEVER DM FIRST]:
Is a true pleasure to be here with your community.

Mary | Satoshi Club:
Hello, Manny! How are you today?

Manny Hernandez [NEVER DM FIRST]:
I am Feeling Fantastic how about you guys?

Mary | Satoshi Club:
As well from our side🚀 let’s go?

Gold Rocket | Satoshi Club:
Please do a little intro. How did you get to be involved in crypto & Omni?

Manny Hernandez [NEVER DM FIRST]:
Sure thing My name is Emanuel Hernandez but most people know me as Manny Hernandez. I am a Direct Response Marketer at the Core. After finishing my time in the USA Army where I served with the 5th Special Forces Group I dedicated myself to build technologies geared towards the lead generation for Fortune 500 companies.

In 2014 I started Mining Bitcoin and in 2017 I was already an avid ICO Investor with a deep technical knowledge of how Decentralized Ledger Technologies can truly help humanity.

At the beginning of 2018 after reading a hacker noon article the idea of OMNI came to mind. I spent 2018 and most part of 2019 working with our CTO Boban and our CFO Sameer building the Model.

At the end of 2019, we started building the Omni app and are currently on an Alpha Stage with Beta ready to be released in Q3 2021.

Mary | Satoshi Club:
2014 was a nice year😀 do you have military discipline in your team?😉

Manny Hernandez [NEVER DM FIRST]:
The Military messed me up (in a good way). I run my camp as if we are in the Army. 😂

Mary | Satoshi Club:
Btw, do you remember the name of the article?🤣 Maybe it will inspire someone also

Manny Hernandez [NEVER DM FIRST]:
Why Everyone Missed the Most Mind-Blowing Feature of Cryptocurrency.

https://hackernoon.com/why-everyone-missed-the-most-mind-blowing-feature-of-cryptocurrency-860c3f25f1fb

IMO any real crypto enthusiast must read and understand that article.

Mary | Satoshi Club:
What is its main concept?

Manny Hernandez [NEVER DM FIRST]:
Omni is a never-been-done-before mega social media app, that’s full of world-class features and tools. Inside the app, you can go live, share stories, create channels, chat with other users, video or audio call, sell or buy products in stores, create videos and photos with special effects, and much more. All of these in-app actions are rewarded with Omni Coins that can be used inside the app or exchanged on a DEX. Social Media has become unmanageable for most people. Very hard to keep up and maintain active profiles in all of them, but the reality is that most users are in each one for specific Features. We plan to resolve all the issues by incorporating the best features of all your favorite social media apps into one Mega App that allows you to do it all without having to juggle with many platforms.

Mary | Satoshi Club:
Let’s dive deeper into the details and start with the questions from our community? Or you want to add something?

Manny Hernandez [NEVER DM FIRST]:
Let me point out our competitive advantages, then we dive into Live Q&A. In terms of competitors in the crypto space, we have not yet seen a project that focuses on what really matters. Delivering a smooth and enjoyable experience to their users. If your social network does not look, feel and perform like a tier 1 app then you will have a hard time getting significant adoption. Everybody hates the wealth and power accumulation that Zuck has with Facebook, Instagram and WhatsApp and we all complain about it but we never leave their apps. In fact, we do all our complaining in their apps but never actually leave. That is because there has not been a true competitor yet to come to market. There is no true alternative.

Other projects in the space are too focused on the crypto side of things. Their tokens, their staking, their Defi this or Defi that and it seems like their social network is secondary. Many don’t even have an App as is quite complex to deliver a solid scalable social media experience from an app if you are hosted on the Interplanetary File System (IPFS)

We are not a Decentralized Social Network. The technology is not yet ready in the crypto space for us to deliver a truly top-notch experience for the user. We are decentralizing what truly matters and that is the economic bandwidth generated in the app. That way users get the best of both worlds. A Top-Notch Social Media App that can actually compete with giants like FB and IG but that also Rewards its Users based on the value they provide to the network. Here are some of the Main Features this Awesome Mega App Would Have:

Dub & Duet
Lip-sync to songs, audio from videos and create challenges. Duet with other users or dub to an endless library of song bytes.

Chat
Keep in touch with friends by texting or calling, all while having the ability to share images, videos, contacts, and locations with secure encryption.

Feeds
Explore multiple feeds to keep up with your favorite news, friends, and influencers. Discover new content and communities, all on the same app.

Stores
Businesses can create stores where users can get a full shopping experience without leaving the app, from browsing products to checkout.

Channels
Create or follow channels to post or watch your favorite video content. Channels can be public or for a private audience.

Live Stream
Enjoy live streams while chatting with broadcasters in real-time and reward your favorite streamers with gifts, or go live for your followers.

Stream Music
Listen to Music from all your Favorite Artists. Create Playlists that you can share with friends and make your sounds go viral in the feed.

That is just some I didn’t even talk about our NFT use case there 😂 Omni would have several in-app use cases for NFTs and envision opening a truly massive NFT hub where all Digital NFT assets can truly coexist. Imagine Making an NFT Flower inside the app with many different attributes like 40% Love, 20% Purity, 25% Hope, 15% Loyalty and that creates a unique color mixed Flower that now you can use to send to the girl you like or your favorite influencer. Most of the coins you spend on the ingredients for the flower transfer to the person that you gift the flower to. They get to learn exactly what are the attributes that flower contains and how much they mean to you. There is much more to cover on this topic as we can expand this to an endless list of use-cases but we hope this gives you the idea of how NFTs can be a powerful tool inside our platform.

Due to the nature of our app being a Social Media Platform owning NFTs give users the ability to brag and show off their cool NFT Collections. Those posts will show up in the feed of other NFT fans giving them more exposure. Users would also be able to list their NFT Collection inside their profile. Many users own amazing NFTs but they don’t have a way to show them off on their social media.

Mary | Satoshi Club:
Do you already have pictures of your NFTs?😉 Visual content always helps😉

Manny Hernandez [NEVER DM FIRST]:
That is in Development as NFT is a Function inside the App. Our Focus is on getting a true Tier 1 Social Media App out Fist by Q3. Then we will incorporate all these functions. Omni App – Where is the Value? https://www.youtube.com/watch?v=UA8HSZAAGDU

There I show a Sneak peek of how the app will look like. Here is a Pre-Alpha Demo: https://www.youtube.com/watch?v=Wb5V9eTVxuQ

Mary | Satoshi Club:
Great video! Everything looks very complex.

Gold Rocket | Satoshi Club:
Manny! nice shoot! Big thanks!
Now it’s my turn 😁 ready for questions from Satoshi Clubbers?

Manny Hernandez [NEVER DM FIRST]:
100% Ready.

Gold Rocket | Satoshi Club:
Q1 from Telegram User @MihaiPisica

1. I read on your Telegram group about your private sale. Only a Small Percentage of OMNI Coins would be offered to strategic partners and investors. As it is written there, details about the Token Economics and Private Sale are emailed out on a case-by-case basis. I wish to be your investor, but in my mind occurs one question: what is the reason to send details via email case-by-case? Does it mean that you will select each partner/investor particularly? Are there something out of special requirements that I should enhance being your potential private investor? Is this a way to collect only strong partners or I should be awarded about this lack of transparency? What if I am a US investor, should I be an accredited investor? In this case, there appears one more question: what are the investment ranges eligible for being preselected?

Manny Hernandez [NEVER DM FIRST]:
What is the reason to send details via email case-by-case? All the details about how each round are reported on medium but we do so after the round closes for privacy.

Does it mean that you will select each partner/investor particularly? We are heavily oversubscribed and we have to be selective with who we choose to partner with as several funds offer much more value other than just capital.

What if I am a US investor, should I be an accredited investor? USA Investors are not allowed to participate due to US Regulations. Unless you are a true Accredited Investor or VC Fund we cannot take your investment. We have strong KYC procedures in place.

Mary | Satoshi Club:
Will you have also a public sale?

Manny Hernandez [NEVER DM FIRST],:
Yes there will be a Public Sale.

Mary | Satoshi Club:
Do you have dates and more info about it?

Manny Hernandez [NEVER DM FIRST]:
We are in conversations with various community lead launchpads and incubators and we plan to announce details about our Public Sale soon.

Gold Rocket | Satoshi Club:
Tell us please about your tokenomics btw😊

Manny Hernandez [NEVER DM FIRST]:
Given that we are a Substrate-based project We are dependant on some other projects to get to market first like Polkadex and Polkaswap so we estimate May or June we will be doing Public Sale and Listing.

This is how tokens are allocated at the beginning of the business, wherein the total supply of tokens is fixed up to 1 billion Coins. The Omni’s Coin Allocation will be as follows:

Total Supply: 1,000,000,000
Early Backers: 32,000,000 (18 Months Vesting period)
Seed Sales: 96,000,000 (18 Months Vesting period)
Private Sale: 103,000,000 (12 Months Vesting period)
Public Sale: 100,000,000 (No Vesting period)
Team: 150,000,000 (30 Months Vesting period)
Tech Partners: 30,000,000 (24 Months Vesting period)
Marketing: 80,000,000 (24 Months Vesting period)
Foundation: 50,000,000 (12 Months Vesting period)
Community Reserve: 30,000,000 (24 Months Vesting period)
Liquidity: 30,000,000 (No Vesting period)
Ecosystem: 300,000,000 (Locked For App Rewards)
Circulating Supply on TGE: 128,250,000
Market Cap on Listing: $3,847,500

30% of the company’s profits shall be exchanged into crypto and used to purchase OMNI Coins every quarter. The OMNI Coins purchased every Quarter would be Transferred to the Rewards Engine wallet to be distributed to our Active users. Omni, Inc. would start making quarterly purchases 1 year after the App is 100% Live. This allows the company enough time to build cash flow and profits to solidify the foundations of a world-class social media app. Details about the Token Economics and Private Sale are emailed out on a case-by-case basis. Please Make Sure to Fill the Strategic Partners Form
https://docs.google.com/forms/d/e/1FAIpQLSfvaKuMrUX5qEqFKR_Hp8szaUFXSrGVg3OpETevQTDuVB2mQg/viewform

Mary | Satoshi Club:
Vesting periods very nice, but will your investors have the possibility to get tokens earlier? With some penalties, for example.

Manny Hernandez [NEVER DM FIRST]:
Yes, we made sure our Token economics was fair all across the board. All rounds will get a small portion at TGE and from there, different vesting periods kick start. We are distributing WIDE. Plan to have no whales and we impose linear vestings on most of the allocations for Seed and Private Rounds

Gold Rocket | Satoshi Club:
Thanks! Ready for the next question?😃

Manny Hernandez [NEVER DM FIRST]:
Yes, I am ready for the next.

Gold Rocket | Satoshi Club:
Q2 from Telegram User @Beterror203
You say that Omni is a mega social media application never made before, which is full of world-class functions and tools, the virality of an application is made by the user since we are the product that expands this service, at least YouTube pays what We can monetize, maybe many networks pay but by having as many tools as Omni as we can do so that their tools take the necessary value and these give us the opportunity to monetize, generate without being a famous or great influencer it is possible, as we can do?

Manny Hernandez [NEVER DM FIRST]:
Great Question. We will reward the users while they are scrolling using the app and having fun. Have you ever wondered, I am spending all this time on this social media app, and I am not getting anything in return? Well, that is an issue addressed by the OMNI app. In 2020, people, on average, spent 145 minutes per day in a social media app. This situation translated into huge returns for social media companies, and the users found themselves just spending their time without any other benefit. OMNI’s coin distribution is through an incentive mechanism. Omni will reward its users according to weights and luck probabilities as they perform everyday in-app actions, such as following a content creator or creating a news feed post.

What does this mean? It does not matter if you’re producing the content or solely enjoying it. Everyone in the Omni app will be rewarded. Amongst the actions within the app that will translate into OMNI coins include:

Contact referrals
Follow a content creator
Share a post/video
Create a video
Post a story/status
Create a news feed post
Tip content creators
Follow a content creator
Chat with friend/users
React/duet with the content creator video
Buy product from the content creator
Create a news feed post
Livestream on a platform.

Mary | Satoshi Club:
So, you will reward for each post or only influencers? How you will prevent spam, for example

Manny Hernandez [NEVER DM FIRST]:
All in-app actions are considered in the rewards engine. Also Shares, Comments, Chat with Friends and much more that is not limited to just the content creation part.

Mary | Satoshi Club:
Do you want to add something? Or we can go to the next question?

Manny Hernandez [NEVER DM FIRST]:
Glad that you asked. Omni is an AI Company. We have proprietary AI Algorithms aimed to combat spam. Using Convolutional Neural Networks we have created a spam filter AI Model that is capable of catching 98.6% of all the spam in the network. Outperforming the traditional naive Bayes algorithms for a long shot.

Next question 😊

Gold Rocket | Satoshi Club:
Q3 from Telegram User @borysfireball
Guys, I see that you want to bring a lot of features to the Omni app, such as users will be able to go live, share stories, create channels, chat with other users, video or audio call, sell or buy products in stores, create videos and photos with special effects, and much more. What are your thoughts – why no one company, even with huge resources, didn’t make such kind of app before? Why do you think you will be able to implement all these features in just one app? Also, to be honest, I am not that person, that believes in words, I will rather believe my eyes, so, when all these features will be available for testing?

Manny Hernandez [NEVER DM FIRST]:
Great question and you are 100% right. Talk is cheap. We are not a Whitepaper and many of the things we claim we have already achieved in our Alpha and every function we plan to add was carefully researched and made sure it was achievable.

Pre-Alpha Demo: https://www.youtube.com/watch?v=Wb5V9eTVxuQ
Omni – How is Success Measured? https://youtu.be/EYsOCPpJq0w
Omni App – Where is the Value? https://www.youtube.com/watch?v=UA8HSZAAGDU
Omni Blockchain Explorer Demo: https://youtu.be/x3Q9yAtWUfM

Mary | Satoshi Club:
Who participated in Pre Alpha?

Manny Hernandez [NEVER DM FIRST]:
Nobody. In Software Development Alpha Versions are never shared with the community. Only Beta Versions are.

Mary | Satoshi Club:
Gotcha 😀 can you tell us a bit about your team!

Manny Hernandez [NEVER DM FIRST]:
We have a truly amazing team of RockStars!

Our CTO Boban Pavloski is a senior software architect with over ten years of experience in telecommunications technology. His passion for distributed computing, high-performance computing, artificial intelligence, and functional programming has contributed to several Microsoft open source projects such as Orleans, DotNetty, Ambrosia, and Akka.NET.

Sameer Bakhru is our CFO. He is a CFA Charterholder with over a decade of experience in investment banking. A startup expert, he has a proven track record of successfully raising over $200 million in the capital and has helped build businesses around the world. During his career, he has worked with budding entrepreneurs, private equity funds, family offices, and billionaires, quickly becoming an integral part of the core teams.
He has over three years of expertise in the Blockchain industry. He has worked with multiple Blockchain-based businesses covering crypto-lending, token-gold exchange, bitcoin ATMs, crypto mining, e-commerce, and investment platforms.

The COO of Omni is Luciano Greiner, who is a leading expert with over 15 years of experience in the software industry. He has played a part in disruptive projects for several Fortune 500 listed companies like IBM, Disney, Bank of America, and Tabcorp.

Our Blockchain Expert Andre Gomes has been a Software Engineer for almost a decade and was a Bitcoin early adopter. Since 2014 he has worked with a variety of projects focused on blockchain technology.

On our UI/UX team we have Vivane Gon who is a Multidisciplinary Designer with more than 15 years of professional experience in UI/UX Design.
She has a long career creating diverse experiences that include planning and designing for different types of projects (e-commerce, intranets, entertainment sites, content sites, and mobile apps) to working with some big clients in Brazil, such as Petrobras, Claro, Ipiranga, Volvo, Femsa, among others and also some of the Top 500 companies in the world since 2015.

Also on UI/UX is her Twin Sister Vivian Gon, who has several years of hands-on work experience in UI/UX design. She has the know-how to combine creative and usability viewpoints. She synthesizes the needs and goals from the business to users, ensuring the best possible experience through research and value-added IA/UX deliverables in an effective way of solving the Interaction and Visual Design.

We also have 4 Other Senior Developers, 2 Senior App Developers, Legal Expert, Content Creators and Data Analyst and much more all their bios can be found here https://omni.ai/about.html

Mary | Satoshi Club:
How did you find these gems?

Manny Hernandez [NEVER DM FIRST]:
Wasn’t easy!!! Lol.

Mary | Satoshi Club:
I feel this🤣 Thanks for your answers! Really detailed! Ready to jump to the next question?

Manny Hernandez [NEVER DM FIRST]:
Born ready.

Gold Rocket | Satoshi Club:
Q4 from Telegram User @KeymerS
Could you really tell us about the ways you can get rewards with Omni Apps? Other than that, should we have some capital to post or follow certain content? or can I withdraw the capital obtained whenever I want?

Manny Hernandez [NEVER DM FIRST]:
Could you really tell us about the ways you can get rewards with Omni Apps? We covered earlier.

Other than that, should we have some capital to post or follow certain content? No, you don’t need any capital for anything.

Or can I withdraw the capital obtained whenever I want? Our Wallet will have Direct integration to a DEX so you can transact with ease right from the app.

Mary | Satoshi Club:
Will financial interaction with your app require KYC verification?

Manny Hernandez [NEVER DM FIRST]:
Since we don’t plan to have any direct Fiat Connection starting out KYC is not required. Once we partner with a Fiat on-ramp then those providers might require users who want to convert Omni to Fiat to perform KYC.

Mary | Satoshi Club:
Oh, this is great🤣 Btw, will users be able to tip each other with some coins?

Manny Hernandez [NEVER DM FIRST]:
Yes! But why a Tip make an NFT and send it. The money that you spend making the NFT goes to the recipient.

Mary | Satoshi Club:
Ready for the next question?

Manny Hernandez [NEVER DM FIRST]:
Is being a true pleasure. I am ready for all you got.

Gold Rocket | Satoshi Club:
Q5 from Telegram User @konditer_rolex
Everyone knows that Facebook and their products WhatsApp and Instagram provide their users’ data to government agencies of different countries. That is, people using these social networks are absolutely not protected from interference in their privacy. How does your platform intend to protect the privacy of its users? I am interested in the encryption of connections and your policy of interaction with the police. And in which country is your company registered?

Manny Hernandez [NEVER DM FIRST]:
Regarding the data protection, audio or video calls, as well as chat messages to other users, use State-of-the-art end-to-end encryption (powered by the open-source Signal Protocol) to keep your conversations secure. Signal’s Open Source Messaging Security has become the standard in the industry. At Omni, we believe that this subject is simple. Your Private Conversations are Only Yours. You can speak with your significant other with safety as nobody can see those messages.

Social Media posts like Videos, Posts, and other customer data in the platform are encrypted using the SHA-256 encryption Algorithm and hosted on decentralized environments, preventing the system from having a central point of attack. Before the App comes out of the Beta phase, different Hackathons and Penetration Testing Audits would take place to ensure user’s data is being secured with the latest standards in technology. Mark my words and take a screenshot of this.

Mary | Satoshi Club:
Is it possible that Omni can sell user’s data or, for example, share it with some partners?

Manny Hernandez [NEVER DM FIRST]:
We will NOT EVER sell your data to a 3rd party nor Government. Now if a Government does a formal request via a subpoena then we have to comply.

Mary | Satoshi Club:
Will some countries be restricted from using your app? And in which country is your company registered?‌‌
😉

Manny Hernandez [NEVER DM FIRST]:
We plan to have no restrictions. With that said we have no control over what countries do. If blockchain technology is banned in a country then the app stores wouldn’t show our app in that country but are not our decision to make. All our App Related Functions Operate out our USA Corporation All our Blockchain Related Functions run from our St Vincent Corporation.

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

Manny Hernandez [NEVER DM FIRST]:
Let’s rock.

Gold Rocket | Satoshi Club:
Q6 from Telegram User @AmirJosh
The information on Lightpaper says that each App user will have their own secured OMNI Coin Wallet. Will this wallet be forever be tied on Omni App or users can change it with their own personal address? Do users have access to the private keys of the Omni Coin Wallet?

Manny Hernandez [NEVER DM FIRST]:
We are built on Top of Substrate which means our Wallet is Compatible with all other Polkadot-based projects. You can use any wallet that supports Polkadot to move your coins off the app. Users have full control of the keys and we as the Company have no way to see them. All of that is stored and encrypted right inside your device making your device like that hardware waller of your Omni App

Gold Rocket | Satoshi Club:
Excellent answer! many thanks! do you want to add something before the most impressive part of our AMA?

Manny Hernandez [NEVER DM FIRST]:
We are good, let’s move to the next.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Johnny ℹ️🅿️

👋Hello Manny. With all the MEGA and cool features🤜that OMNI App is going to combine, definitely, it’s going to be OMNI-SCIENCE😍😊😊. But my concern is with how scalable the OMNI app will be. Looking at the multifaceted features that you plan to incorporate into a single app, won’t this result in a heavy App size that may have a lot of drain on background data and battery? Will the app be able to run smoothly without unnecessary lag and Will users be able to optimize battery or data usage?

Manny Hernandez [NEVER DM FIRST]:
Making Sure our app was truly scalable was one of the main things we focused on in 2019. We built a truly scalable solution capable of handling billions of users. Even if our app goes crazy Viral (which we hope we do) our backend infrastructure is capable of handling them all even on day 1. Details about how that infrastructure looks like would be released in our Whitepaper next week.

Q2 from Telegram user @ Joxes | C R Y P T O W A V E

It is possible to upload Gifs, Stickers, that’s great, but is there any additional COST for using these features?

Manny Hernandez [NEVER DM FIRST]:
There will be no additional cost to use Stickers or AR Filters but if the Sticker is an NFT then depending on the type of NFT you are creating then it may carry some cost.

Q3 from Telegram user @ Icy

There are similar projects with the same features that exist in DEFI or the Crypto world like OMNI. So how OMNI try to compete with them? do you have some secret weapon-like unique feature in your app?

Manny Hernandez [NEVER DM FIRST]:
In terms of competitors in the crypto space, we have not yet seen a project that focuses on what really matters. Delivering a smooth and enjoyable experience to their users. If your social network does not look, feel and perform like a tier 1 app then you will have a hard time getting significant adoption.

Other projects in the space are too focused on the crypto side of things. Their tokens, their staking, their Defi this or Defi that and it seems like their social network is secondary. Many don’t even have an App as is quite complex to deliver a solid scalable social media experience from an app if you are hosted on the Interplanetary File System (IPFS).

We are not a Decentralized Social Network. The technology is not yet ready in the crypto space for us to deliver a truly top-notch experience for the user. We are decentralizing what truly matters and that is the economic bandwidth generated in the app. That way users get the best of both worlds. A Top-Notch Social Media App that can actually compete with giants like FB and IG but that also Rewards its Users based on the value they provide to the network.

Q4 from Telegram user @ Hakeem

Why is it not possible to reject a formal request from a Government requesting for user’s data via a subpoena?

Manny Hernandez [NEVER DM FIRST]:
Because is illegal to not comply with a subpoena from the government. We love our users but we are not planning to break the law for them. 😂

Q5 from Telegram user @ Smart

You said Everyone in the Omni app will be rewarded. Does that include users who just install the app on their devices without opening or operating it?

Manny Hernandez [NEVER DM FIRST]:
If your app is installed but you are not an active user then no you will not get any rewards for having a closed dead app on your phone.

Q6 from Telegram user @ Centos Manager

Which part of the Omni is decentralized. Can I chat or make a call with my friends using blockchain technology?

Manny Hernandez [NEVER DM FIRST]:
Only what truly matters is decentralized. That is the Rewards Engine and OMNI-related transactions on the Ecosystem.

Omni Blockchain Explorer Demo: https://youtu.be/x3Q9yAtWUfM

Q7 from Telegram user @ Borax

What exactly do you provide for companies and why should they choose OMNI as their advertisement solution?

Manny Hernandez [NEVER DM FIRST]:
Influencer/Brand Matching Engine: Omni would charge a commission based on performance.
We plan to partner with Major Brands to list their latest collections to be sold right inside the App. For example, a Brand like L’oreal can List their latest Makeup, then using our Influencer/Brand Matching engine. They can hire makeup influencers to make Sponsored Videos of their latest collection. Users can buy right from their store from the influencer post giving the brand a plethora of analytical data about how well that influencer campaign performed. We will save major Brands Millions on unnecessary Advertising costs.

We plan to actively involve influencers, entrepreneurs and brands. Thanks to our Influencer/Brand matching engine, the technology opens the doors of a new world of possibilities for aspiring entrepreneurs.
For music artists, one of the features is Streaming Music, like Spotify. For example, you can use a Short Challenge video with your music, and as users start to use your sound as part of their Omni Feed Challenge the post would amplify the exposure of your full song as they will be able to easily click on the sound and land into the full profile of your song. From there users would be able to stream the full song, add it to their playlist, share it with friends and much more.

Q8 from Telegram user @ Defi Bear

How will you get paid for the services you provide to your customers? Will you accept OMNI Coins for showing their advertisement or will you accept fiat money?

Manny Hernandez [NEVER DM FIRST]:
We will accept OMNI Coins across all our In-App Services. Fiat will only be accepted from major brands looking to close exclusive advertisement budgets.

Q9 from Telegram user @ Delicious Wine

What are the main obstacles of OMNI and how can they be addressed in the future?

Manny Hernandez [NEVER DM FIRST]:
The main challenge right now is in the video rendering systems. We want to make sure the sync is 100% perfect when doing lip-sync or a duet for a smooth user experience. Going back to my previous answer other competitors don’t even offer tools, filters, stickers, video editing tech to help content creators produce their videos as all the top social apps do.

We have already identified the best infrastructure video technology provider to resolve the issue. The solution will arm us with an advanced non-linear editing engine, so whether it is in recording or post-editing, all special effect operation allows a real-time rendering preview, which greatly improves the smoothness of recording and production and promises users the best operating experience.

The team behind the solution is the leader in research and development in the field of video and has more than 20 years of video-related experience with more than 70 video-related patents. Despite the fact we have already identified the solution, implementing it requires a level of development that might not be ready in time for the Beta Release.

Q10 from Telegram user @ VINU | BOSS

How can I stake?

Manny Hernandez [NEVER DM FIRST]:
Staking will not be available right away. As we Migrate from a POA to a POS consensus algorithm thanks to Substrate Forkless upgrades users would be able to become validator nodes in our system and get rewarded from the transaction fees generated inside the ecosystem. We plan to release all the information about how that program will work shortly after we release our Beta App.

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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

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

Our partners:
Telegram Community – https://t.me/omni_app
Youtube – https://www.youtube.com/channel/UCKas73daXuA7We-rWiLs7ZQ
Medium – https://medium.com/omni-appPre-Alpha
Twitter – https://twitter.com/OMNI_AITelegram
WebSite – https://omni.ai/about.html
Investors Application OMNI: https://docs.google.com/forms/d/e/1FAIpQLSfvaKuMrUX5qEqFKR_Hp8szaUFXSrGVg3OpETevQTDuVB2mQg/viewform

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from FM Gallery. The AMA took place on March 13 and our guests was Feiming Peng.

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 FM Gallery!  Welcome to Satoshi Club. @Florafm welcome here 😀

Flora Peng: Hello, Satoshi Club members. 😄

Mary | Satoshi Club: Please introduce yourself and tell us more about FM Gallery.

Flora Peng: My name is Feiming Peng. I graduated from Tsinghua University and have been active in the traditional art and fashion toys industry for many years. At the beginning of 2018, I started to work in the blockchain industry. Right now, I am the Founder/CEO of FM Gallery. FM Gallery is a blockchain-based platform for NFT artworks and fashion toys.

I have several teams that are working with me: the business development team, marketing team, software engineering team and etc.

D. | Satoshi Club: So project working in both worlds? in digital and in real world?

Flora Peng: Of course. FM Gallery is the digital art gallery that connects the blockchain world and the art world.

Yes. Let me briefly talk about the innovative gameplay that we will release on our platform soon. We just officially announced that: At 10 p.m. ET on March 14, which is also 10 AM UTC on March 15, we’ll be launching our Genesis Blind Box Series. This is an amazing series! It will be available exclusively through our platform, and it is open to global art collectors for a limited time.

The Genesis Blind Box Series includes three packs in different rarities — common, rare and legendary. By opening a pack, users will randomly receive an NFT artwork designed by renowned artists, with an estimated value of up to $42,500, or receive a generous reward box of WAH, FM Gallery’s governance token.

Q1 from Telegram user @Arisabela

Tomorrow you’ll be launching your Genesis Blind Box Series, and it calls my attention that the users will be able to purchase these packs even with credit cards or Paypal, so you’re not only involved with crypto but also with fiat payment methods, how are you going to connect the fiat, the crypto and the NFTs world into one single distribution platform and keeping it secure on the way?

Flora Peng: For the payment methods: We are going to have Paypal, Credit Card and USDT. Our development team is currently testing all the different payment methods to ensure the security. We are very cautious about the security of our platform and will be continuously improving it.

D. | Satoshi Club: USDT on Ethereum?

Flora Peng: Yes. Our platform is Etherum-based.

D. | Satoshi Club: Got it! the first release of Genesis Blind Box Series will be limited? how many boxes will be available? are there any boxes reserved for founders? or you will sell all available boxes?

Mary | Satoshi Club: And which steps should we make to participate in the Sale?

Flora Peng: The first release of Genesis Blind Box Series will be limited. You can preview the artworks and editions of the artworks that are available in each blind box on our official website wah.art. We don’t reserve boxes for founders. The blind boxes are available for purchase globally. So it is a first come, first serve basis. Please do join the sale as early as possible (if you don’t want to miss it.)

To participate in the Sale, simply go to our official website at 10 p.m. ET on March 14, which is also 10 AM UTC on March 15. Click on the button Drops. You will be able to see the three blind boxes there. Btw, we have also prepared community events for the release of the Genesis Blind Box.

Mary | Satoshi Club: As i see i can connect to your website with Metamask, will this function be available for Sale? I mean i just connect and buy?

Flora Peng: We are working on the partnerships with other secondary marketplaces, such as Rarible, Opensea, and etc. The marketplace function will be available once we have finalized the partnerships. Please stay tuned. We will always prioritize the liquidity of the NFTs minted on FM Gallery.

D. | Satoshi Club: I think i have read about this 🤔😄 very generous event, can you tell us more about this?

Flora Peng: Sure. To better prepare for the release of the Gensis Blind Box and contribute to society, we will launch the whitelist event in our English and Chinese communities. Users in both communities can join our whitelist by finishing a series of tasks. After the event, we will draw 1000 lucky members from both Chinese and English communities and divide the reward pool worth $10,000 U

Please join our official Telegram group. You can choose to join the community with your preferred language (English or Chinese) to participate in the whitelist event! https://t.me/fmgalleryofficial https://t.me/fmgalleryeng (English Community)

Q2 from Telegram user @mctrho

In your whitepaper you explain the steps to acquire fragments of NFT’s, users have to open a “blind box” whose content is unknown until it is opened. Are there different types of boxes? Will you launch new types of boxes in the future? Each box has or will it have special characteristics?

Flora Peng: Let me explain briefly about the art fragments. In addition to the three boxes (common, rare, and legendary,) we have also included an exciting bonus. Different packs may contain fragments of an artist’s entire artwork. For example, there is a series of artworks called Kali Yuga in our rare pack, which is composed of 6 different pieces. Our users can open the blind box and collect the six pieces in the Kali Yuga series. Once successfully collected the six pieces, the user can get a mysterious gift from us.

One more amazing fact: The digital version of Kali Yuga is obtained from the physical oil painting by NFN Kalyan.

D. | Satoshi Club: So how many packs i have to open to collect all 6 pieces?

Flora Peng: Depends on how lucky you will be. What I can say is that our blind boxes are very user-friendly. I am pretty sure you will like it!

Mary | Satoshi Club: So, this fragments will be just like bonus?

Flora Peng: NFN Kalyan is an Indian-American artist living and working in Miami. Kalyan participated in the earliest drops on Nifty Gateway, where his works enjoyed great popularity. As he continues to expand his influence in crypto arts, his drops have always sold out in less than a second. At auctions, the bids for his pieces could increase 30–40 times the original prices.

Yes this is a new gameplay that we wanted to implement on our platform. And you were absolutely right on the fact that we will be promoting more types of Blind Boxes.

D. | Satoshi Club: Cool facts 👍 yep, Nifty Gateway is very popular NFT market.

Flora Peng: For example, personal blind boxes (A lot of artists are in the discussion with us regarding this).

Hope that our users will really enjoy it. Additionally, Kali Yuga is not the only series of artworks that we put in our blindbox. We have also included Qiao Shan’s Seven Deadly Sins. Let me show you.

Shan Qiao is an award-winning artist who has worked with some of the biggest companies in video game and film production, including Blizzard Entertainment, Riot Games and Tencent. His work can be seen in top games, such as Overwatch, CrossFire and League of Legends. Shan is currently a concept artist with Sony’s Santa Monica Studio, where he is working on the famous God of War series.

Mary | Satoshi Club: Wow! So mysterious art! I see you prepared a lot of surprises for your users🚀

Flora Peng: Yes haha, I definitely wanted to promote our most expensive piece from Chad Knight.

I am pretty sure a lot of people are Chad Knigh’s fans. Chad Knight is a 3D Instagram artist whose work has gone viral, starting a pervasive internet rumor that his art was a real-life place in Japan. He recently sold a record-breaking $400,000 worth of art on the NFT platform Nifty Gateway.

Q3 from Telegram user @chzrles

What are the characteristics of physical artwork? It is mentioned that they will have an NFC chip, but how can this guarantee authenticity? Also, must they meet specific dimensions? If the user lives in a country different than where the artwork/artist is, can the artwork be ship worldwide? Finally, what does the tamper-proof technology consist of and how can it prevent damage to physical artwork?

Flora Peng: We have hosted several Clubhouse events with our artists during the last two weeks. We have received great feedback from the audience.

The general idea for the NFC Chip: the user will be able to scan the chip to verify the authenticity of the artwork once they received the physical item. We are still preparing the launch of the NFC chips. More details will be announced soon in our official telegram community.

D. | Satoshi Club: Okay got it, so all info about the chip is secret for now?

Flora Peng: hahah you can view it that way now :p, For the Genesis Blind Box, all the artworks inside are digital artworks.

Q4 from Telegram user @Carlcrip

If I am an artist and I am interested in selling my art collections with you, how can I contact you and what requirements do I need to be able to sell at FM Gallery. Also, how safe would it be to expose my work without it being copied through the internet, do you offer a copyright contract?

Flora Peng: For potential collaboration, please send an email with your information to info@wah.art. A business development manager will contact you once we received your email. For the requirements: FM Gallery is very selective in terms of artists and artworks. We have an artwork committee to evaluate the incoming artworks.

Mary | Satoshi Club: And a question from my side as customer, do you know that exist a possibility for NFT creator to change image? I saw one guy did this trick if i remember correctly with his nfts on OpenSea.

Flora Peng: For the artwork safety, we have detailed the guidelines of the copyright in the terms of use on our website. Please check it out if you have any questions regarding that.

Mary | Satoshi Club: He put images of rugs instead of previous. It’s fun for the first time. But not sure that this will be fun in the future.

Flora Peng: No, once the NFT is minted on the blockchain. The information is locked in the metadata. You can’t reverse or tamper with information on the blockchain. That is the main reason why people use blockchain. Because it is safe and transparent.

Q5 from Telegram User @yellowchamp

The FM Gallery NFT Staking features is currently underdevelopment and honestly it is the first time I heard about staking NFT and maybe many others too. So can you give us an overview about how to stake NFT in your platform? How does it work? What is the difference and advantage of staking Non-Fungible Tokens than staking a normal tokens? For your own opinion to give knowledge to people, which is more profitable and preferable staking NFT or staking tokens? Thank you

Flora Peng:Temporarily, we are still fleshing out the technical details of the NFT Staking. The main idea for NFT staking is to allow users to earn reward while they hold our NFTs. Please stay tuned with our updates regarding NFT Staking. Once we have confirmed the exact launch date, I will be able to provide more precise answers regarding the NFT staking feature.

Mary | Satoshi Club:Thank you! Do you have any deadlines for this features?

Flora Peng: The earliest I would aim for April since we wanted to prioritize the development for the market place first. Liquidity for NFTs is the first priority.

Mary | Satoshi Club: Great! Not so many time left, so we will patiently wait.

Flora Peng: Will keep our users updated since we wanted to be very transparent about our process.

Q6 from Telegram user @lzamg

One of the goals of Phase 3 of your roadmap is establishing the brand and influence of FM Gallery in the Chinese art ecosystem. Can you tell us exactly how this will be accomplished? Do you think that for July-December 2021 the presence of FM Gallery will be strong enough to stand out in the Chinese art ecosystem?

Flora Peng: The several key components that will allow FM Gallery to stand out:

1. I will utilize my organic fans traffic and combine it with our artists’ fan community to promote the artworks on our platform. i have more than 1M+ fans across social media channels in the Chinese market.
2. The innovative gameplay. As I mentioned earlier, we are implementing a lot of new gameplays, such as blind box on our platform. Those gameplays will automatically draw a lot of attention from the users.
3. We are very ambitious in terms of our marketing planning. We are deeply connected with the KOLs in both the US and Chinese market. We will be launching intensive marketing campaigns soon. We will significantly increase our community users with those marketing strategies.
4. We have always kept user experience in our mind. We have already created our official communities on different channels, including Telegram, Discord, Wechat, Facebook, Twitter and etc. If any users have questions/suggestions regarding our product, they can reach out to us easily.

Our goal is to build a welcoming community for our users and our artists. With the four elements above, I am confident that we will gain decent market shares in both the US and Chinese NFT market.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @ronaldo_super

There is a part on your website says drops. Is it standing for airdrops? Do you make airdrop?

Flora Peng: Yes. We do make airdrops. For updates regarding the airdrops, please join our official telegram group, you will be able to know the details there. Please don’t forget to join our whitelist to earn the prize!

Q2 from Telegram User @NataliyaKil

You are partnering with Peterchanart to submit their NFT works to FM Gallery.  Besides them, what other major NFT artists and artists do you collaborate with?  What do you expect from such a partnership in the first place?

Flora Peng: We have signed many great artists. There are two types of artists that we will sign: 1. The artists have already established their reputation in the NFT market, for example, Chad Knight, Peter Mohrbacher, Klarens Malluta 2. The uprising artist that has not started their NFT journey yet but have real talents, for example Shan Qiao, Xin Liu, and etc. We are willing to promote and nurture the uprising artists.

Q3 from Telegram User @highpee

I can see that you have prepared three packs: (COMMON, RARE and LEGENDARY) for your Genesis Blind Box Series. Are there any differences between them in terms of their value or what they represent? Can I decide on the one to get when I open these boxes?

Flora Peng: You can view the details about each blind box on our official website wah.art. You can also join our telegram group https://t.me/fmgalleryeng to discuss with other buyers. I have seen lot of great conversations in that group.

Q4 from Telegram User @atillayeni

You say you will also provide a liquidity mining feature on the system so using the liquidity mining can I earn NFT’s?

Flora Peng: Yes Liquidity Mining function will be coming soon. Users will be able to earn WAH tokens through liquidity mining.

Q5 from Telegram User @rogerass

How can FM gallery make your NFT project have a high or unique selling value and easily attract many investors?

Flora Peng: The key factors for impacting the NFT price: the artwork value behind the NFT, the liquidity of the NFT. As I mentioned, we are very selective in terms of the artists and artworks. We will have our art commitee to review all the artworks before the release. For the liquidity, we are in discussion with different platforms, such as Bounce, Rarible, and Opensea regarding potential partnership. We want to make sure that our NFTs will have good price in the secondary market.

Q6 from Telegram User @csgonub

Are there only metamask support on your website?

Flora Peng: For the current release, we have only integrated Metamask. However, we are working very hard on the integrations with other wallets. For updates, please join our official telegram group.

Q7 from Telegram User @JuanSB07

In “DROPS” you will find the “Blind Boxes” area where they offer various packages classified into Legendary Pack ($ 1000), Rare Pack ($ 400) and Common Pack ($ 150). What is the function of these packages and how can I get one? Can it be purchased with any token / cryptocurrency?

Flora Peng: The Genesis Blind Box Series includes three packs in different rarities — common, rare and legendary. By opening a pack, users will randomly receive an NFT artwork designed by renowned artists, with an estimated value of up to $42,500, or receive a generous reward box of WAH, FM Gallery’s governance token.  For this release, you will be able to purchase the blindbox with Paypal, Credit Card or USDT.

Q8 from Telegram User @NataliyaKil

To celebrate the launch of your platform and Genesis Blind Box Series, you are inviting users to join your whitelist and split the $ 10,000 reward pool.  To do this, you must fill out a form in which there is an item: “Send our poster above in Telegram groups with over 200 active users and upload screenshot.” Did you think it would look like spam on my part and is it possible to bypass this point to get into your whitelist?

Flora Peng: To join the whitelist, you will need to fill out a form that we have prepared. To get the accurate form, please join our official telegram group and contact our user support there. They will be able to point you to the right form so that you don’t need to worry about the spam problem. https://t.me/fmgalleryeng

Q9 from Telegram User @Derazy

Do you agree that the NFT and the community are inseparable? as an NFT platform how does FM gallery plan to involve the community in developing this project? Does FM gallery have any community engagement programs?

Flora Peng: Yes. The community is a very essential part for the NFT market and we are well aware of that. This is exactly the reason why that we are spending so much effort on community development. Our goal is to realize DAO and fan autonomy in the art community via DeFi. For example, we will launch voting events to engage artists and inspire them to invent new gameplays.

Q10 from Telegram User @centoscu

Can I buy one piece from every artwork and sell them to collectors with profit?

Flora Peng: Once the secondary market is ready. Users will be able to re-sell the NFTs. I truly believe that the NFTs on our platform will have a huge secondary market potential.

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about FM Gallery. 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:

FM Gallery Telegram: https://t.me/fmgalleryeng

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

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

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

Part 3: 300$ – A quiz about KickPad

For more details:
KickPad – @kick_pad
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 18th 2021 at 04:30 PM UTC Time: Satoshi Club x BogTools

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

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

Part 3: 300$ – A quiz about BogTools

For more details:
BogTools – @bogtools
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 TRIAS and our guest was:
Trias – @Trias_Founder_team;
Hana – @hana2279;
@weiming00.
The AMA took place on the 11th of March.

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 Trias! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club:
Welcome to Satoshi Club @Trias_Founder_team, @hana2279 and @weiming00! How are you doing guys? 😊

Trias:
Actually, we are old friends of Satoshi.
The last time we were here for the event was when our white paper on the economy came out.

Mary | Satoshi Club:
Yes, I remember both AMAs with you😀

Gold Rocket | Satoshi Club:
Absolute truth! we are very glad to see you again 😊

Trias:
Yes, we are here to share with you some new developments and progress

Mary | Satoshi Club:
Almost one year passed! Tell us what had happened with Trias during this time?

Trias:
First, we set up the Trias DAO, which is now a fully distributed autonomous community.
Most of our operational decisions and technical initiatives are decided and voted upon by the community. For example, we recently approved a proposal for token economy adjustment. In order to better adapt to the ecological development of TRIAS, the total number of tokens has been reduced from 1 billion to 10 million.

Mary | Satoshi Club:
Congratulations! It’s an important step in development!
Was it also a community decision?😀

Trias:
Yes, we have also passed the proposal of listing application successively recently. It is worth mentioning that we are about to start liquidity mining and consider moving to BSC and HECO for better ecological development.
We are going to start liquidity mining next week. The initial yield on APY will be up to 100%~300%. After we move to BSC, we will also land on the first-tier exchanges and cooperate with more DEFI projects.

Mary | Satoshi Club:
Nice APY! Sure, a lot of users will be interested 😀 Do you have any terms when you will move to BSC?

Trias:
Yes! Today I would like to share with you how TRIAS supports the better DEFI project through TEE technology and privacy protection, and how our “-1” layer Leviatom chain fundamentally guarantees the security and trust of transaction data

Gold Rocket | Satoshi Club:
Thanks for your intro! Would you like to add something else? Or ready to proceed to the question from the community?😊

Trias:
Yes, I’m ready!

Gold Rocket | Satoshi Club:
Q1 from Telegram user @Romadel33
It’s no secret that user information on the blockchain is easier to track, how does TRIAS offer a security mechanism for its users? and that it addresses the privacy concerns of its users!

Trias:
Yes, it’s a good question.
As for the privacy protection of blockchain, many people have a misconception that blockchain can better protect users’ privacy because of its anonymity. The reality is that user information on the blockchain is easier to track without proper methods and tools. So blockchain doesn’t automatically protect users’ privacy. On the contrary, all transaction information is on the chain, exposing users’ habits and even personal identities to the whole world. As a result, blockchain requires more privacy protection than a real transaction system. Trias has developed a set of common privacy protection protocols based on its own innovative Trusted Execution Environment (TEE) and Zero-Knowledge proof scheme, which can support heterogeneous blockchain to achieve privacy protection functions. Trias focuses on anonymous payments, private transactions, privacy contracts, decentralized identity authentication, etc.

Mary | Satoshi Club:
Will transactions be private by default or will this be the user’s choice?

Trias:
Yes, of course, we already made this in a very early stage in our Trias wallet, now we have updated our products.

Gold Rocket | Satoshi Club:
Q2 from Telegram user @Carlcrip
Theoretically speaking, the three subsystems of Trias represent three political models: Executive (Leviatom), Legislative (Prometh) and Judicial (MagCarta). What role does each of them play in the operability of the software? What is the purpose of these three subsystems in Trias?

Hana:
In order to save time, let me briefly introduce our structure. Satoshi’s old friends should know better. Trias is composed of three layers: Leviatom, Prometh and MagCarta.

Leviatom is an integration of Trusted Execution Environments (TEEs) and Heterogeneous Consensus Graph, a graph computing algorithm similar to Hashgraph or DAGs. It can serve as the underlying ‘-1 layer’ for other public chains, including Ethereum and Hyperledger.

Prometh is a combination of formal verification and DevSecOps methodologies to achieve traceable and verifiable general-purpose software development.

MagCarta is a consensus-oriented programming paradigm to achieve embed and self-defined consensus strategy for high-order enterprise DApps.

Technical details can be found in Trias Technical Whitepaper
https://www.trias.one/whitepaper

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

Hana:
Yes.

Gold Rocket | Satoshi Club:
Q3 from Telegram user @JesusFre1tes
Recently Trias token contraction mapping was completed and the new Trias contract was successfully implemented. From this point on, what changes will we see in the project? What will be the main exchanges that will have the native TRIAS token listed? Which exchange pairs will be initially available? Could you tell us more about this topic?

Hana:
Yeah. In order to adapt to the development trend of the current encryption market, we decided to adjust the economic model of the TRY token to better enable Trias ecology. Following the rules of Trias DAO, we submitted a proposal on TRY token economic model, which received a warm response from the community. According to the community vote, the proposal was approved by 94%. Trias has issued a new token, named “TRIAS”, instead of a TRY token. The smart contract address of the token has also be changed.

Mary | Satoshi Club:
So, it was some kind of swap, yes?

Hana:
Yes. And now the Trias team has completed the airdrop of users’ coin holding addresses.

Gold Rocket | Satoshi Club:
Q4 from Telegram user @MihaiPisica
As it is written on your site, Trias delivers enterprise products and solutions to solve the trust and security issues for different customers in many industries. Can you show us some of these use cases and if there are already some clients involved in requiring your services? Who are your core partners in developing a such complex ecosystem?

Hana:
Sure. Actually, we have more application products used in the real economy already. I will show you some examples with some links so that our friends can better understand our use cases.

https://medium.com/@Triaslab/trias-customer-success-soochow-securities-744558390b22
https://medium.com/triaslab/trias-customer-success-chongren-power-transmission-industry-9613fb4336bc
https://medium.com/triaslab/trias-blockchain-industry-internet-infrastructure-platform-landed-in-yuhuan-39428b2e02d7

And also I want to mention that, TriasForce, which is the main product of Trias, is a decentralized SaaS developed by our team.
Empowered by the Trias blockchain technology, TriasForce aims to provide enterprise-level DSaaS.

Mary | Satoshi Club:
TriasForse is already a working product, right?

Hana:
On these bases, Trias would try to support technologies for the DeFi market. Sure, it is working already. The core solution TEE and Zero-Knowledge proof of Trias are mainly for trading privacy scenarios, so Trias can seamlessly integrate the trading privacy involved in projects such as decentralized exchanges, mortgage lending, mining derivatives, etc. in the DEFI ecosystem.

Gold Rocket | Satoshi Club:
Q5 from Telegram user @AmirJosh
Trias is one of the projects that featured in SatoshiClub when the group started inviting projects last year if I remembered correctly. It is nice to see you back and visit the group again. May I ask what are the milestones or accomplishments that Trias achieved after a year of hard work? What major events happened that you can share with us?

Hana:
Thanks. Last year was really a hard year for everyone. But we still worked hard to get some milestones. Like I said before, we have set Trias DAO and operate it well. And another big event is our token swap project. In the next few days, we will launch on Uniswap and BSC, and other DEX. And liquidity mining will also be open at the same time.

Mary | Satoshi Club:
After thus which milestones are important for Trias?

Hana:
Actually, every milestone is important for Trias. They mean a lot to us😁

Gold Rocket | Satoshi Club:
Q6 from Telegram user @BeaEvolet
How is Trías related to the trusted computing Hackathon event? What does Trias get out of being involved in such events?

Hana:
Last year, Trias held a Hackathon named “2020 Trusted Computing Hackathon: Development & Innovation Competition based on TEE” to attain innovative business applications based on blockchain technology as well as showcase the unlimited possibilities of the developer team and individual, themselves.

Mary | Satoshi Club:
What results did you achieve?

Hana:
And now we have chosen 2 superior projects. we give them technical support from Trias technical team, Investment and Incubation opportunities from Trias foundation and its alliance partners. Let me introduce the 2 projects a little.

One is Authmen, a Trusted Cross-Blockchain
Storage Protocol aims to make a more secure and more economical distributed storage protocol based on Trusted Computing.

Now Authmen has listed on Uniswap already. you can check here app.auth.men to join in their liquidity mining.

Mary | Satoshi Club:
Thanks! Also, as I see they will also launch on BSC soon😀

Hana:
Yeah. They are going well 👍

Mary | Satoshi Club:
Ready for the live part now?

Hana:
Yeah. Let’s go

Part 2 — live questions from the Telegram community

Q1 from Telegram user @ Johnny ℹ️🅿️

🙋‍♂️Hello. You have mentioned the TRUSTED EXECUTION ENVIRONMENT (TEE technology) and how it can help to provide heterogeneous privacy support to users on the blockchain. What aspect of privacy can this innovation provide and how will it guarantee trust and security of transaction data on the open blockchain?

Hana:
From the very beginning, Trias takes the Trusted Execution Environment(TEE) as the core privacy computing technology, which can truly implement the privacy computing technology and provide enterprise-level performance services. Trias network is designed to support end-to-end privacy and data ownership, with built-in key management and support for TEE such as Intel SGX, enabling it to support new, decentralized applications and services that protect privacy. TEE is a secure area in the CPU, such as Intel’s SGX. It can be seen as a black box, and a smart contract can be run in TEE to protect personal data. TEE has a wide range of applications in the financial field, especially when it comes to some sensitive data, such as face recognition in mobile phones, TEE technology is applied. In the TEE privacy protection scheme of Trias, the smart contract and data are run in the CPU’s Secure Enclave area and output after running. The smart contract is run in a black box, and the data is fully protected during this process.

Q2 from Telegram user @ TakeDown

How can earn in Staking is possible or only privacy?

Hana:
Yeah. Trias has held 4 times staking programs with a high APR. Now NO staking program is online. But you can wait for our liquidity mining, which will be going online with the 100%-300% APR.

Q3 from Telegram user @ CryptoFollower

There is an old token of Trias and a new token for Trias so why exactly did you make this change and why did you change the tickers too?

Hana:
Actually, after studying and judging the development situation of the current crypto market, for the sake of better development and a healthier Trias ecosystem, we proposed to adopt the new economic model so that to fit Trias’s future development strategy, product route, and community construction, and truly adopt the current market trend of the encryption world.

Q4 from Telegram user @ ✨ CRYPTONECO 👀

Many potential users do not have enough knowledge of the Crypto industry. How will you describe your project to include this audience in your project?

Hana:
Yes. Many potential users don’t understand Trias better actually. We also thought of a lot of ways to introduce Trias in an easy way. Now we define Trias as the following:
Trias is a distributed financial infrastructure platform with two characteristics of cross-chain and privacy protection. The goal of Trias is to build a public chain to realize cross-chain secure transactions, and then provide a platform for the circulation and transaction of various digital assets, and provide a safe and efficient trusted infrastructure for the financial market of digital assets.

Q5 from Telegram user @ LI

🌟TriasForce is a software complex developed by the Trias team. Can you explain what are the functions of TriasForce? I read that it has 3 products: Auditing, Security, and ERP, so can you give us more details about each one? How can clients benefit from TriasForce? @hana2279

Hana:
Sure. TriasForce, which is the main product of Trias, is a decentralized SaaS developed by our team.
Empowered by the Trias blockchain technology, TriasForce aims to provide enterprise-level DSaaS. It ensures enterprises’ core data and critical services are secure and reliable. Now we have 3 modules: TF-Security, TF-Auditing, and TF-ERP, all of them solving the ‘trust issue’ in cloud computing. A decentralized model can help in protecting the data ownership and makes sure that the value created can be distributed to the originators.
Furthermore, it also tackles the problems of data privacy and leakages, and thus mitigates the clients’ reluctance of uploading data or rejecting the SaaS.

At present, Trias’ team is cooperating with many enterprises in different industries in China and overseas to help them develop and build blockchain-based enterprise service software and series products.
As far as the current situation is concerned, most enterprises are potential consumers of DSaaS, because there is a great demand for blockchain application and enterprise management services.

Q6 from Telegram user @ Borax

Can I stake your token with my metamask in the uniswap application?

Hana:
Yes. Of course, you can. But we have not started Trias liquidity mining yet. pls pay attention to our announcement channel: https://twitter.com/triaslab

Q7 from Telegram user @ Mamberroi

Hi @hana2279. How did you feel with the Satoshi Club community? It was really a pleasure to have you in our community and to have you answer in such a detailed way our doubts about Trias.

Hana:
Yeah, I feel so goooood to with dear Satoshi Club. And I also found that members of Satoshi here are very serious about our project, and the questions you raised are very deep. Thanks to all of you guys.

Q8 from Telegram user @ Khalee

What was your purpose in creating TRIAS? What existing problems do you want to solve?

Hana:
The initial goal of our project is to define a new-generation all-platform-supported public chain system: Trustworthy and Reliable Intelligent Autonomous Systems make people trust in machines. And now we are on the way to realize it.

Q9 from Telegram user @ ꧁ ᒍᑌᗩᑎ ᔕᗩᑎᗪOᐯᗩᒪ ꧂,

Browsing your website I realized that there are many drawings/images (website background) that represent machinery belonging to large companies, why has TRIAS decided to represent your project with this type of image?

Hana:
Interesting question. I believe you can see from our official website that we are not a small project with only a few people. From the very beginning, we have formulated the orientation of our project and the corresponding hue and style, that is, simple technology style. Even though we have adjusted the official website many times, we always keep this style.

Q10 from Telegram user @ Khalee

What is the reason behind conducting this AMA session? What do you want to let us know, what do you want to promote within the community, do you have an ongoing presale?

Hana:
Of course, the purpose of making AMA is to make publicity, which I don’t want to deny. At the same time, because our project has made great progress, and there will be more actions in the future, I believe our project is worth more people understanding. For the follow-up pre-sale, I can not disclose too much now. Please continue to pay attention to our official information. We will update it on our official channel for the first time.

Official website: https://www.trias.one
Whitepaper: https://www.trias.one/whitepaper
Telegram: https://t.me.triaslab
Twitter: https://twitter.com/triaslab
Medium: https://medium.com/@triaslab

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:
Official website: https://www.trias.one
Whitepaper: https://www.trias.one/whitepaper
Telegram: https://t.me.triaslab
Twitter: https://twitter.com/triaslab
Medium: https://medium.com/@triaslab

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 Stone. Our guests were @Alexlam2013 @cryptooosss @Stone_Golem @vk_1118. The AMA took place on 12^th March.

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 Stone! Welcome to Satoshi Club😀

D. | Satoshi Club: @Alexlam2013 @cryptooosss @Stone_Golem @vk_1118 welcome guys! nice to see you here!

Serg | Satoshi Club: Welcome 🙂

Great to see you again

Shera | will never dm u first for funds: Hi guys thanks for having us!

Alex Stone: Hi everyone

PJ: Hahah nice to be back and share more abt Stone

Mary | Satoshi Club: Happy to see you here again, guys 🤣

D. | Satoshi Club: long time no see 😁 how are you doing?

Shera | will never dm u first for funds: [ 🤟 Sticker ]

Alex Stone: pretty good and busy~~

D. | Satoshi Club: cool!

Mary | Satoshi Club: Oh, guys! I missed your gifs🤣

D. | Satoshi Club: so let’s not break our tradition and begin with intro😉

Mary | Satoshi Club: For those who could miss first AMA😀

D. | Satoshi Club: @Alexlam2013 @cryptooosss @Stone_Golem @vk_1118 please introduce yourselves and your project! 💪

Shera | will never dm u first for funds: So glad to be here. I am shera, community manager at STONE

Mary | Satoshi Club: I feel you have a lot of work, Stone community is growing 😉

PJ: yes hello guys, this is PJ, and am helping with Stone marketing and BD. Stone is the anchor rock solid platform which is primarily targeting at providing the four following services for our users – passive income vault, cross-chain strategies, liquid pos yield streams and risk optimised yield indices

Do also check out our website https://www.stonedefi.io

Shera | will never dm u first for funds: Yup pretty busy these days. Welcome all to join our fortress @stonefortress

Alex Stone: Nice to meet everyone, this is Alex, I am the project lead of Stone. I have been in crypto for more than  7 years, after I compeleted my phd degree from university, I have been involded with crypto industry.

Mary | Satoshi Club: I like your marketing job! Very professional 😉

Alex, i wanted to tell that you’re early bird, but looking at your avatar i can tell that you’re crypto Stone🤣

Thanks! And who’s going to tell us what news we have for us since our last AMA?🔥

Stone Golem: Hello guys. I’m golem. A global trotter and crypto addict. Have been in the space since 16 and loving it ever since.

Alex Stone: hahaha, it’s true, early and diligent bird

Mary | Satoshi Club: Golem, you really rock💪

Stone Golem: You are always too good to me. @madamlobster

Mary | Satoshi Club: Yes😉 i like Stones

So, who will tell?😉

Yeees🚀

Alex Stone: let me do it firstly, internet is not so table my side

PJ: Let me share some as well

Basically we have launched our alpha test mining on stone, which will like to welcome users to start rock solid yield with us

Mary | Satoshi Club: I feel that may be tg has some problems, mine is not perfect today also 🤷

Wow! That’s great news!

D. | Satoshi Club: well, maybe it’s time to open the first part of AMA and guys will share even more news with us during the AMA? 👀

PJ:  We have opened initially the stable coin vaults and following our liquid pos strategies for eth2.0 tokens like rEth

Total tvl on stone has been around 50 mil usd !

Mary | Satoshi Club: It’s incredible 😍

PJ: Both are good we will like to jst share more and interact more with all community members

Alex Stone: will share all our latest news by your questions~

PJ: pls go ahead

Mary | Satoshi Club: Ok, that’s great! Our first question is about Stone Defi Alpha Test Mining🔥

D. | Satoshi Club: thank you for the intro!

Q1 from Telegram user @Highpee

During your last visit here on Jan 18, you promised to launch the alpha version of your project at end of Jan or early Feb. Just as promised, within that period and this your second coming, you have released the Stone Defi Alpha Test Mining for your protocol and it has amassed over $45 million as TVL in your UDST and USDC vaults combined. Tell me a little about this success story. How have you been able to drive adoption towards your product and gain investors’ confidence despite the fact that $STN is not yet available on any exchange? When is your TGE and when can we start to buy $STN?

PJ: honeslty, we have got the question like “when buy $STN” all the time haha but lets start with the firts part, to prepare the launch, we have done several rounds of internal checks for the system and debate on the UI designs, and in the meantime, actually we have engaged Peckshield in end Jan to start the premilinary work and also spend another month to work with them to go through the smart contract and help resolve any issues

the key principle we have is about “ROCK SOLID” as we keep emphaising to the community that we will like to make you sleep well at night by providing you the stable and secure yields

Alex Stone: really thx for all our fans, and I guess some of u make the contribution on our TVL as well. we didnt launch our product only after its audit finalized.

D. | Satoshi Club: so now basically we can stake usdc and usdt and earn $STN? this is how it works?

Mary | Satoshi Club: 45$ mln, that’s really unbelievable 🎉

PJ: another part is about our partnership, as we mentioned, we have been dedicated in introducing pos yields to the platform, where we have initiall working with stafi to get rETH onboarded, and we even decide to delay adding some new etn2.0 token in order to make sure everything goes well

yes you can, and also you can complete the tasks set by Stone Golem to get a special gift

https://stonedefi.medium.com/get-ready-for-the-alpha-launch-of-stone-platform-d08dc6854458

Stone Golem: My tasks

PJ: find this guys!

actually you can also deposit rETH which is issued by Stafi as well

D. | Satoshi Club: cool! and how long this farming will last? how many of your tokens are you planning to distribute?

Mary | Satoshi Club: So, just simple social media tasks?😉

PJ: again rock solid is the key thing that helps us earn the trust from the community, will be bit differerent from the protocol offering high APY like bigdataprotocol, but you may encounter emergencies

the alpha phase will last for some weeks, during the period, we also collect feedback to improve, we now keep the # of STNs to be distributed as a secret, and please come and join us to find out more. thank you

D. | Satoshi Club: nice! thank you for the info 👍

Mary | Satoshi Club: Oh, i love secrets 😍

PJ: but maybe Alex can share more

Alex Stone: suprise 😜

D. | Satoshi Club: you guys know what Mary loves

Mary | Satoshi Club: I see he is typing 😉

D. | Satoshi Club: 😉

Alex Stone: we will use the Yield Farming Reserve pool which released to community at the very beginning, but I wont share more about the number for alpha testing, because PJ mentioned secret.

D. | Satoshi Club: 👏

Mary | Satoshi Club: We will waiting for updates 😉

Thanks for your answers, guys! Ready to proceed?😀

Alex Stone: lests go ahead~

D. | Satoshi Club: let’s go!

Q2 from Telegram user @yellowchamp

Could you explain and describe to us what new AMM mechanism being implemented and applied in Stone network to mitigate impermanent loss to protect user’s funds? How does this mechanism works in your platform? How does this new AMM become reliable in mitigating impermanent loss? Thank you

On stone, there won’t be IL as we are not launching our own AMM at this moment, given we focus on crafting rock solid yield for our users, we may link with external AMMs for LP tokens but again we will only accept deposit of the LP tokens rather than hosting the swap liquidity pool

Stone Golem: One example I would like to share, Stone is the first yield aggregator to bring liquid staking assets to ethereum ecosystem

Mary | Satoshi Club: But is this mechanism is ready and just waiting when it will be time to launch it? Or you still improving it?

Stone Golem: So we are making staked eth as liquid as ETH. and we have successfully created a liquidity pool of rETH/ETH on uniswap. We have helped used to incur no IL for this pool

In the future, we might become the largest dex for liquid staking assets with no IL. no one had touched liquid staking assets but stone

PJ: Yes! But we will plan carefully for the Dex

D. | Satoshi Club: 💪💪💪

Mary | Satoshi Club: Bright future with Stone🚀

Guys, do you want to add something or we can go to the next question?

Stone Golem: Let’s move forward 😉

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

Q3 from Telegram user @NSZR1

In your blog I read that STONE has finished the code security audit by Peckshield for the aplha test mining program, what security features will the implementation of this code provide to users who participate in the alpha testing mining program, and what were the results of this audit? considering the high escepticism users commonly have, will you have further regular audits to this code?

Stone Golem: Let me take that

Mary | Satoshi Club: Sure👌

Stone Golem: First of all, Stone has an architecture that constrains what users funds can go into. Meaning users funds can only go to the whitelisted venues

This is important as more funds grow, we don’t want any security bleach on users funds

Secondly, peckshield has run through all checks on what attacks have happened to other protocols. So we don’t repeat tragedy that happens to others. The benefit of late comers

Mary | Satoshi Club: As i know you also partnered with Tidal Finance? Will it also help your users to feel more secure?

Stone Golem: We understand that this space is proceeding too fast and a lot of unknown risks. Therefore, when we hit 40 mil tvl. We slowed down the alpha testing to go through another review of security.

Haha, you really followed our progress Mary.

Mary | Satoshi Club: Of course 😉

PJ: Yes, more than that we have also been discussion with other insurance protocol and we want provide more security to user funds.

Stone Golem: With tidal, we are working on insurance to provide more assurance to users. And in addition, if Stone is secure enough, insurance protocol would be willing to provide funds into stone. That will be huge!

D. | Satoshi Club: someone good prepared for the AMA 😁

Stone Golem: Done

Mary | Satoshi Club: Guys, what can i say🤷 you are really working on your security! Not only words👍

👍

D. | Satoshi Club: and you know a lot about security and audits 😄😉

Mary | Satoshi Club: 😉

Thanks for your answers, Stones😉

Ready to jump to the next question?

PJ: U jump we jump

Let’s move forward

Q4 from Telegram user @Gutike95

You mention that the STONE Protocol has “additional home strategies”, but could you really describe a bit of it? And really what makes it “homemade” as opposed to other strategies?

PJ: This will more relating to our pos yield income streams

When we start Stone, we are the first one to be the bridge and introduce liquid pos yield tokens

Mary | Satoshi Club: Opportunities are really great!

PJ: This is our direction toward market positioning as we have observed that current defi erc20 yield has come from underlying lending protocol, transaction fees, and other governance token farming. We willl like to intro new strategies to complement the current defi landscape

Mary | Satoshi Club: On which part of the pie do you expect?😉

PJ: We are actually creating a new pie for the community! It depends how we can work together to make the pie bigger

And we do see the larger market cap for pos market cap compared with tvl for defi

Over.

Mary | Satoshi Club: Nice plans! You know how to work with strategies 😉

Q5 from Telegram user @Pratze

Stone Golem want to distribute STN tokens into the strong hands of STONE supporters and also have Special Gift for for their holder, do all your holder possible to receive this gift? What is the requirement? And also can you explain about when is STN reward vesting will be distributed?

Mary | Satoshi Club: I think this question was partially covered

Stone Golem: Let me take it. Since golem is making some of the gifts. 😉

Mary | Satoshi Club: Ahaha 🤣

Alex Stone: hahaha, lets Golem answer Golem’s fans~~

Stone Golem: We are taking an approach similar to uniswap. That is

Mary | Satoshi Club: Wow

Stone Golem: To get early users to try out our protocol and test out our security.

In return, we will distribute STN tokens to early backers in a retrospective manner

So if you believe in stone, and want to be part of it. Please try out stone protocol and provide us feedback

And retweet on social media so that more people know about us

The tvl is only 50mil now

Mary | Satoshi Club: I think a lot of users will try it! Wait for feedback from Mary🤣

D. | Satoshi Club: wow…let’s all use Stone guys! 😄👍

Stone Golem: Liquid staking asset market cap is more than 100 bil

PJ: https://stonedefi.medium.com/get-ready-for-the-alpha-launch-of-stone-platform-d08dc6854458

again pls find this for reference

Alex Stone: we do repect our users, that is the reason we upgrading the UX now. so all your feedback will be helpful to make Stone better.

Mary | Satoshi Club: Sure! Satoshiclubbers 🚀 don’t miss your opportunity

Thank you guys! We also respect everything you’re doing!

Also, we still have 6th and last question from this part left😀

Ready for it?

Alex Stone: yes~

Q6 from Telegram User @stevefix56

Qualities of a Stone is said to be structured, hard, tough with workability; What concept of a stone does Stone Team platform represent, is there a structure for collaborators. Stone recently indicated interest in working on upgrade with UI improvement and contract optimization. I will like to know what this means to the community.

Stone Golem: We are pleased that the community trusted us with over 40mil tvl within three days. We take it as a compliment and also a responsibility to make stone even better. As you all know, gas fee on etherum has been high

And we noticed some tricks to make gas fee more stable and reasonable for users.

In addition, stone is young we have received quite some feedback about UI. our goal is to make it as simple as possible for users

D. | Satoshi Club: im very curious to know about those tricks..

Stone Golem: Therefore, a UI improvement is needed and we will do more security checks

Haha, just to share one example, reducing decimal numbers for your deposited funds make gas fee much less

Mary | Satoshi Club: To be honest i almost stopped to use ETH because of high fees🤷 but Stones inspire me to try again🤣

Stone Golem: Well, we are all facing a common problem. Just like we all complain about high rental fee in Manhattan.

D. | Satoshi Club: 🤯😁 nice work guys👍

Stone Golem: But this might change once we do more optimization and migrate to polkadot!

Mary | Satoshi Club: Remind me, please, when do you plan migration?😀

Alex Stone: haha, we all suffered high gas fee, and Stone has the layer2 partner already,we will announce later, after that, using ETH will be not pain any more.

Mary | Satoshi Club: Thanks god! How soon can we expect this announcement?😀

Alex Stone: we will announce it once finished the product. 😜

D. | Satoshi Club: will you be use optimism or zkrollups?

👌

we will be waiting for your announcements then 😉

and now  time for the second part!

Alex Stone: yes, then u and Mary will keep following Stone~~

Mary | Satoshi Club: Ok, guys! I feel the same as @Cool_as_Ice 😀

I will, you can be sure!

Alex Stone: hahaha,cool

D. | Satoshi Club: big thank you for answers in part 1! @Alexlam2013 @cryptooosss @Stone_Golem @vk_1118 we will open chat for 2 minutes, after chat will be closed – you can start select questions from Satoshi Сlub members!

Alex Stone: lets party

Mary | Satoshi Club: Let’s make this chat noisy 🚀

Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @KASG95

As I said in your audit “the characteristics of your smart contracts are still in an early stage but exciting development”, could you really tell us how long it will take for Stone to be available to all users? Also could you provide us with the Road Map?

Stone Golem: Stone has already been available to all users with both stablecoin and staked ETH vaults. And we will launch more vaults step by step once we deem everything is alright

Q2 from Telegram user @atillayeni

Do you only want to be on ethereum blockhain ecosystem or are there any plans for Stone Defi to create cross-chain integration between other blockchains and maybe binance smart chain?

Stone Golem: Stone has been built on etherum as a first step to serve the majority of defi users. And we have won a grant from web3 foundation to build the first crypto index on polkadot. We want to combine the merits of both etherum and polkadot in the future

Q3 from Telegram user @moe_808

Can you share with us stone roadmap at which part will be the launching of aeth and steth? @Alexlam2013  @cryptooosss  @Stone_Golem  @vk_1118

Alex Stone: will be days delay only, after we upgraded UI and check the potential secutiry risks. and we will announce new partnerships and latest roadmap in the meanwhile.

Q4 from Telegram user @Aruncryptonationt

hello guys!

Iam confused Whats the token contract address and vault contract address?@Alexlam2013 @cryptooosss @Stone_Golem @vk_1118

Stone Golem: You can go to stone website the portfolio page. All contract address and token address are shown there

Q5 from Telegram user @centoscu

Could you explain the benefits the partnerships you have done recently?

Stone Golem: In short, partnership are mainly focusing on bring in more innovative assets, cross chain communication and more security. Stones philosophy of being rock solid had won a trust from our partners

Q6 from Telegram user @highpee

Your plan was to launch two new vaults (aETH and stETH) but you have delayed it in order to work on UI update and contract optimisation. What aspects of your contract are you going to optimised and how will this affects the performance of your existing vaults without causing a disruption?

Alex Stone: it will not affect current vaults at all, they are indepent. and deposit rETH can get special reward from Stafi Token(FIS) as well, so you can try rETH strategy now.

Q7 from Telegram user @Garrinepotter

What actions are taken by the Stone protocol to minimize the risks of investors? How is the reliability and stability of the pools and, accordingly, the profitability on your platform achieved?

Stone Golem: Take one example, we allow users to set max allowance of transfer from their wallets. This prevent fund to be stolen from wallet. In addition, we are internally testing our erudite all the time.

Q8 from Telegram user @azrayeni

Are you working with social media influencers because it is important for a project to reach new users?

Stone Golem: You will soon hear from more KOLs about stone and how it makes their life easier and fun! And you are already ahead of them. 😉 they are studying secretly.

Q9 from Telegram user @dumpspump

What do you plan to do with the gas prices Ethereum has right now? As project is moving a little bit slow, are you waiting for Ethereum 2.0?

Alex Stone: as we mentioned, we are cooperating with layer2 protocols to fix the high gas fee. for current cosmter we will compensate in someway, and we no need wait for ETH phase1.5, its too long.

Q10 from Telegram user @cryptofollower

Are you the first project to launch such properties when it comes to yield management framework comparing with other defi projects?

Stone Golem: Yes. As far as we know, we are creating a trading and lending market for staked ETH and other assets in the space. The current defi are all like stock plays. While what we bring are interest bearing assets like bonds. Bonds are much larger than stock market

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/stonefortress/

Twitter: https://twitter.com/DefiStone/

Website: https://www.stonedefi.io/

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Ehash. The AMA took place on January 8, 2021 and our guest were @amy255 and @NathanXLi .

The total reward pool was 800$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: Hello, Satoshi Club! 👋 We are glad to welcome the Ehash project today! 😊

D. Папа Роуч: hello all! And our guests – @NathanXLi @amy255 ! welcome to Satoshi club!

Amy X: Hello, Satoshi community!

Gold Rocket | Satoshi Club: Welcome to Satoshi Club @NathanXLi and @amy255!

Amy X: Thanks, glad to be here

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

D. Папа Роуч: good to have you here! 😊 are you will be alone today or @NathanXLi also will join us?

Amy X: Yes, I’m the community leader of EHash community. I know this project very well. @NathanXLi was planning to join this AMA. But he had emergent something need to do at this moment. I will represent EHash in this AMA. Thanks

D. Папа Роуч: got it! 👍

Gold Rocket | Satoshi Club: Let’s start🚀

Amy X: Ya🚀 I will begin with a brief introduction of our team and project

Gold Rocket | Satoshi Club: Make a small intro to Еhash please😊

Amy X: Sure

EHash is an underlying asset that has benefited from the DeFi boom of the Ethereum network. All DeFi mining users are paying fees to EHash through their trading activities. If DeFi continues to prosper without a vicious sudden cooldown, it can be asserted that EHash will continue to deliver very considerable benefits to its holders.

The official website of EHash is https://ehash.co.

The EHash team is a group of earliest Bitcoin & Ether miners in the mining industry, also early supporters of Bitcoin & Ethereum. We have a very large hashing power composition in the whole PoW network, both Bitcoin and Ethereum. Hope you could know more about us by the community questions

D. Папа Роуч: wow cool, so EHash is DeFi project from miners? 😊

Gold Rocket | Satoshi Club: It is very correct to receive dividends from the hyip Defi👍

Amy X: Yes, and every EHash user can be a miner without needs of buying mining machines. Holding EHash is mining ETH, actually.

Gold Rocket | Satoshi Club: Sounds good

D. Папа Роуч: yes, it sounds very convenient 👍

Amy X: Yes, definitely

Gold Rocket | Satoshi Club: Before we start with questions from the community, could you introduce your team of like-minded people? 😉

Amy X: Sure, as aforementioned, our founder team are a group of miners who want to combine the advantages of the DeFi industry and the mining industry. Then we come up with EHash. During the product development process in the last years, we also got more colleagues who have more experience about marketing and DeFi on board. Now, we are a mature team with people in many countries and starting to reinforce our influence by building our community and awareness.

Gold Rocket | Satoshi Club: Thank you very much for the great intro! If you are ready we can proceed to the questions from community😊

Amy X: Sure. Let’s move to the questions

D. Папа Роуч: let’s do this!

Q1 from Telegram user @yellowchamp

EHash is the token that represents the mining power on Ethereum network. 1 EHash is strictly tethered to 0.01Mhash/s power. So ,do you have any connection to ethereum? Why choose to represent ethereum but not other cryptocurrencies? For those who are not so familiar on how mining works and that’s include me, can you tell us how does Ehash mining works? How we can earn from it? What are the underlying risk when entering into a mining pool in your platform? Thank you

Amy X: Yes, EHash is the token that represents the mining power on Ethereum network. 1 EHash is strictly tethered to 0.01Mhash/s power. EHash holders are free from head-scratching equipment maintenance issues and can mine ETH by holding EHash. The reason we chose Ethereum but not other assets is because Ethereum still have the most prosperous assets and DeFi applications，eventhough some new ecosystem are emerging such as BSC and Heco. We still value the development of Ethereum and its pure decentralized genes.

Amy X: As for the security, the mining output of Ethereum is allocated by smart contract to EHash holders automatically. Miners don’t have to do their own mining configurations like in traditional mining. EHash holders could claim their ETH mining reward on EHash official website https://ehash.co. Besides, the contract has been audited. We can ensure you the security of EHash. Done this question, thank you.

D. Папа Роуч: thank you for answer! does your project similar to BTC Standard Hashrate Token (BTCST)? the same idea?

Amy X: Yes, similar but not the same. EHash users don’t need to stake or anything else to gain the mined ETH.

Gold Rocket | Satoshi Club: Who did the audit of smart contracts for you, btw?

Amy X: The holders can mine ETH just by holding. And check the mined ETH on our official website.

Here is the audit report: https://ehash.co/static/media/Smart_contract_security_audit_report_EHASH.dbd9075b.pdf

It was by BEOSIN

Gold Rocket | Satoshi Club: Thanks for sharing 😊

Amy X: And more audits are on our plan.

Gold Rocket | Satoshi Club: safety first👍

D. Папа Роуч: great! the more audits the better 😄

Amy X: Yes, we agree with that

D. Папа Роуч: thank you for answers! ready for the next question?

Gold Rocket | Satoshi Club: Thanks for the comprehensive answer! Ready for the next question?

Amy X: Yes, ready

 Q2 from Telegram user @Gabrielle124

EHash has an unregulated token supply, which means more hashing power can be added to the network, don’t you think it will affect the value and price of your token? What will be its impact on the project and to the people who will use it ?

Amy X: Ehash currently has 20 million total supply, corresponding to 200,000M of Ethereum hashing power. It’s already trading on Gate.io, a well-known top exchange in the crypto market. Ehash is planned to start trading on Uniswap soon. It is worth noting that Ehash has not received any outside investment and no public/private offering. Besides, EHash is an ever-lasting hashing power pegged token. It isn’t like any other crypto projects that have a predefined total supply or distribute free tokens to advisors, or investors etc. As long as you hold EHash, you can earn ETH mining rewards. That is, the added hashing power will not affect the value of the token but will provide you more ETH assets.

Shown as this pic

If ETH price drops 20%, the APR of EHash will subsequently drop ranging from 5% to 40%. However, it’s still yielding mining reward for EHash holders. You’re not forced to sell your position and could hold till a day that ETH price recovers. During this hold period, you’re accumulating ETH mining reward to mitigate your investment principle book loss. On the contrary, if you’re investing directly in ETH, a 20% price drawback might place you in a very disadvantageous position, you can do nothing but wait a long time for ETH price to recover, and you have no other revenues during this period. If ETH price jumps up 20%, the APR of EHash will subsequently rise ranging from 5% to 40%. If EHash price has the same valuation pricing multiple as before, it’s obvious that its price will rise much more than 20%, an absolute advantage over ETH. What’s more, you’re accumulating mining reward from the EHash hashing power.

Gold Rocket | Satoshi Club: What exchanges do you have in your plans yet?

Amy X: The next maybe Uniswap. More will be uncovered to community when are ready. Please stay tuned.

D. Папа Роуч: nice! cool gains just from holding 😃

Gold Rocket | Satoshi Club: thanks for the answers. ready to move on?😉

Amy X: Yes

Q3 from Telegram user @Karoceh

Its interesting that ETH mining through holding EHash doesn’t require to do anything except Just hold, check, claim. But I think it will be even more interesting if Ehash support compounding features, so we don’t have to claim every day and the funds will grow fast. Are you considering this option in the future? or do you have other opinions to maximize the daily reward mining?

Amy X: Good question. Our ETH mining process is simple. And we will have more mechanisms for users to gain more rewards for sure, such as our staking mechanism. And we will launch our reward mining too.

Gold Rocket | Satoshi Club: it is very good! do not forget to share with us when everything is done! By the way, we have already realized that you are loyal followers of Ethereum. 😁

have you thought about using for mining other cryptocurrencies  like bitcoin or something else?

Amy X: It will not take long. If you are interested, please join our community https://t.me/EhashGlobal. We will reveal details soon.

Gold Rocket | Satoshi Club: Join Satoshi Clubbers!🚀🚀🚀

Amy X: Good question. Maybe, but now we are focusing on ETH.

Gold Rocket | Satoshi Club: Thank! Can we jump to the next question? 😉

Amy X: Yes, pls

Gold Rocket | Satoshi Club: @Cool_as_Ice shoot please😉🚀

Q4 from Telegram user @meml97

Reading about EHash on the internet I came across the fact that as of right now, your token is only listed on Gate.io, but you do have plans to also be listed on Uniswap soon, however, this platform has problems with EHash and its smart contract will lockup EHash holders’ ETH mining reward, could you tell us why is that happening? What’s exactly the problem that Uniswap’s smart contract is locking you up? Will this happen in other exchanges too? What plans do you have to solve this situation the best way and as soon as possible?

Amy X: Yes, you are right. Currently, EHash is tradable on Gate.io. EHash will be listed on Uniswap soon. On Uniswap, if the assets are used for liquidity mining, the assets will be locked in smart contract and Uniswap’s liquidity contract does not support counting and distributing the ETH rewards that users mined by EHash. Therefore, there may be a problem for having the mined ETH when users liquidity mining on Uniswap. This is the rule that decided by Uniswap features.

D. Папа Роуч: is it possible to solve somehow?

Amy X: We are designing a upgraded version and solutions to solve the problem. With the new mechanisms, users can participate liquidity mining on Uniswap and at the same time mine ETH. EHash will welcome more users by supporting liquidity ming and ETH mining at the same time.

D. Папа Роуч: cool! btw do you have plans regarding to BSC? if there is a problem on uniswaps maybe there will be no problem on pancakeswap😁?

Amy X: I can’t tell for sure now. As you know, EHash is native to Ethereum network. A very essential aspect with BSC and Heco is that they are sponsored by Binance/Huobi, two giant centralized exchanges. You have to route and convert any erc-20 tokens through the bridge offered by Binance or Huobi. Therefore it’s partially centralized. However, if EHash got listed on Binance or Huobi and get their support for bridge conversion, it’s for sure that we can deploy EHash to work on BSC/Heco. If that happens, holders will have a better experience than Ethereum.

D. Папа Роуч: great answer! thank you!

Amy X: We will solve that problem and support our Uniswap liquidity mining for our users instead of skipping it. Done with this question.

Gold Rocket | Satoshi Club: I still want to ask you more about Ethereum. Did you predict what will happen to EHash after the release ETH2.0😉

Amy X: Good question. Becuase EHash is based on the Ethereum PoW, EHash will ever-last as long as the Ethereum PoW network exists. But what will happen after Ethereum transition to ETH 2.0? First of all, I don’t think ETH 2.0 will happen any time soon.  I think ETH 2.0 might never become true. Even if it matures, PoW network might become one Shard of ETH 2.0. What’s more, if the Ethereum core developers give up PoW and want a hard-fork. The PoW Ethereum network still exists. In summary, ETH 2.0 doesn’t mean the death of PoW Ethereum. As miners, we always believe PoW is so far the most reliable way of decentralization and consensus security.

D. Папа Роуч: agreed! i actually believe in PoW as well

Gold Rocket | Satoshi Club: Thank! Everything is clear to me! Flawless answers 😃 can we proceed to the next question?

Amy X: Yes, Sure

Q5 from Telegram User @NataliyaKil

The EHASH series of mining products includes: “Blocking Mining GT EHASH Annual Return 25%”, “Blocking and Earning EHASH Floating Interest Rate 100%” and “EHASH PoS & Earn Floating Interest Rate 100%”. Can you tell us about the main features of each of these mining?

Amy X: Sure. This is a mining activity that we launched on gate.io. Thank you for noticing that. I can post some details here

D. Папа Роуч:

yes please

Amy X: GT lock-up mining EHASH annualized income 25%

1. Start: 2021-02-25 10:00 UTC+8

2. Token: GT

3. Term: 7 days

4. Annualized return: 25%

5. Rewards is are distributed daily

6. The reward comes from the actual onchain yield minus cost, which may vary from day to day.

7. End time: 2021-03-04 10：00 UTC+8

EHASH Lock-up and Earn, Floating Interest Rate 100％

1、Token: EHASH

2、Handling Fee: 0

3、Annual Interest Rate: 130%

4、Start Time: 2021-03-03 12:00 UTC+8

5、The principal and interest will be distributed when the lock-up period ends

6、End Time: 2021-03-10 12:00 UTC+8

EHASH PoS and Earn, Floating Interest Rate 100％

1. To participate in PoS & Earn, users need to join but do not need to lock-up the token

2. There is no handling fee.

3. The annual interest rate is 100% and will be adjusted based on the amount of token mined.

4. The interest will be calculated based on the average amount of token in position over a 14-day period borrowed token excluded.

5. The interest will be distributed every 14 days.

6. To continue to participate in the program, users need to operate manually.

D. Папа Роуч: great, looks like everyone can participate. Thank you for clarification! i think we ready for the last question from this part? 😉

Amy X: Thank you for so many good questions. And more are coming, right?

D. Папа Роуч: sure! we also have 10 questions in part 2 😁 and last one from this part 🙃

Amy X: OK, come

Q6 from Telegram user @Wormz28

To Help you grow and earn EHash for our work, you are giving out EHash equivalent to 10,000USDT as reward during your bounty campaign. I’m interested with this kinds of bounty programs, so can you give us the full details on how we can join? Also my favorite of all is the Invite Contest and I really want to join, but I can’t see how to participate, how will you know the top three users who invite the most new users? Is there a magic sentence or words need to be drop in the Ehash telegram group by the users I invited, like for example “im invited by @ inviter”?

Amy X: EHash Star Bounty campaign will last for a month. Participants can join by retweeting, inviting people to our community, creating contents, etc. The purpose is to unify our community to help EHash grow.

🔥🔥BREAKING NEWS! $EHash

💰10000 USDT is up for grabs in $EHash's first ever Star Bounty Campaign
Here are several ways to participate:
🔀Retweets
📸Videos
✍️Articles
⚡️Activators
📲Telegram
🐹Memes

⏱️Running from 8 Mar – 8 Apr

‼️READ: Instructions 👇https://t.co/W4tNwGrWjg

— EHash (@EHashDeFi) March 7, 2021

Gold Rocket | Satoshi Club: Thanks a lot for your answers! if you would like to share useful links and information with our community before opening the chat.🙏❤️🚀

Amy X: Please check out details in the above link

Gold Rocket | Satoshi Club: Now will be the most аn impressive piece of AMA!!!

Amy X: Can’t wait

D. Папа Роуч: big thank you for answers in part 1! @amy255 we will open chat for 2 minutes, after chat will be closed – you can start select questions from Satoshi Сlub members!

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Noman223

EHash is a token that anchors the Ethereum PoW mining power
How it will be beneficial for all investors
Please describe in details

Amy X: Each EHash corresponds to 0.01MHash/s Ethereum PoW hashing power. The initial issuance of 20,000,000 EHash corresponds to 200,000M of Ethereum network hashing power(Ethereum’s entire network hashing power is now 390,000G, 1G=1,000M). In this way, every EHash holder is supporting the Ethereum PoW mining power

Q2 from Telegram User @AllenLu

How much is the ETH limit that I can mine daily and claim or is it unlimited? i @amy255

Amy X: The amount of reward ETH depends on your hold EHash. So there is no limit for how much you can claim. It based on how many EHASH you hold.

Q3 from Telegram User @highpee

👋 Hello

You have mentioned that if the price of ETH drops by 20%, APR of EHash will subsequently drop and the APR will also increase if ETH price rises. Does this mean that your APR is directly linked to the price of Ethereum? If so, if I hold more ETH, can it help to improve my APR and mining speed?

@NathanXLi
@amy255

Amy X: EHash retrun and ETH return are correlated. But not in the way you described though. ETH price jump is an amplifier for EHash return, as the fiat return demoninated in USD is amplified. Which, if under the same multiple assumption, will cause EHash price to jump more.

Q4 from Telegram User @K2ice

For the 10000 USDT up for grabs in $EHash’s first ever Star Bounty Campaign, what can I do to be eligible to be among the winners?

Amy X: Actually, it is simple. Be active helping us promote on Twitter or Telegram according to the rules, and produce more high-quality contents. Sometimes, there are too many bounty campaign to participate. But we do give high enough bounty to thank for the help from the participants. It is worth to join. https://twitter.com/EHashDeFi/status/1368629162970255360?s=20

Q5 from Telegram User @KASG95

If indeed the mining power is guaranteed by the supplier while there is a malfunction, then why not provide that guarantee when the cost of energy exceeds 20% of the mining reward?

Amy X: very good question. 👍 This is a de facto unavoidable issue. We’ll develop a hedging mechanism to contain this issue. We are cooperating with a prominent derivatives trading team to design a product that will contain the energy cost within a certain range. If this product is rolled out, EHash holders could pay a small percentage of mining revenue to lock in a long term stable reward.

Q6 from Telegram User @esrarengizbtc

What is your ultimate goal in the growing Crypto market?

Amy X: Our goal is to build a bridge for the mining industry and the DeFi world. In detail, we distribute our mined ETH to EHASH holders and will create more easy, interesting and high-rewarding ways to create a diverse mining ecosystem. In this way, we decrease the treshold of bing a miner for DeFi ordinary users, and give the joy of being a miner to them.

Q7 from Telegram User @Yongpol

Hello @NathanXLi @amy255 welcome to Satoshi club! 🤝

How do you distribute incentives to Miner and how enticing is the incentives?

Amy X: Please wait for the annoucement. What I can disclose at this stage is that the mechanism is designed so that people will have a dynamic choice among staking & liquidity mining. An equilibirum is going to form, if executed properly

Q8 from Telegram User @surendra040

Hello! @amy255

Project like Ehash may require to spread awareness and need educate to the new users, do you offer any ambassador programme role for it , how do you plan to aware about your project and marketing plans?

Amy X: Please join our channel at https://t.me/EhashGlobal to apply for an ambassdor position. Our CM will discuss this issue with you.

Q9 from Telegram User @boradam

How do you aim to create a strong and diversified community with the Ehash project?

Amy X:

We hope more people that are miners or want to be miners can join our community. We will be a community with our own identified features. Actually, even though, you didn’t mean to be a miner, the moment when you strat holding EHASH, you already have been a ETH miner automatically.😁

Ehash is building more communities in more languages. If you have any suggestions, or want to help us, please dm me.

Q10 from Telegram User @KhaleesiTheCryptoLady

You mentioned earlier that by holding EHash token we can mine ETH, so how much is the guaranteed ratio could be received in a certain amount of EHash that, for instance, I hold?

@amy255
@NathanXLi

Amy X: The mining reward is dynamic, depending on a lot of factors. For example, you need to consider the total hashing power of Etheruem network, ETH price etc. But nayway, those factors will stay stable for a relatively long time and predictable , unlike those DeFi projects who diminish in a few days

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Ehash. They’ve prepared 4 questions for this part. The total reward pool for quiz was 600$.

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:

Ehash: https://ehash.co/

We are pleased to announce our next AMA on March 19th 2021 at 02:00 PM UTC Time: Satoshi Club x ARTX

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

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

Part 3: 300$ – A quiz about ARTX

For more details:
ARTX – @artxcommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish