Month: March 2021

We are pleased to announce our next AMA on March 18th 2021 at 02:00 PM UTC Time: Satoshi Club x SIL Finance

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

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

Part 3: 300$ – A quiz about SIL Finance

For more details:
SIL Finance – @sil_finance
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 16th, 2021 at 02:00 PM UTC Time: Satoshi Club x Zenlink

⚠️Click to see the hour
⚠️Total Reward pool: 800 ZLK

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Zenlink Telegram group

We will have the following structure:

Part 1: 100 ZLK /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 ZLK/10 users – Open chat for 120 seconds. You can post Max 3 questions. Zenlink Team will select 10 questions and answer them.

Part 3: 600 ZLK – A quiz about Zenlink

For more details:
Zenlink – @ZenlinkPro_EN
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 Apron Network. Our guest was @Philex_Zhang the CEO of Apron Network. The AMA took place on 10^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 Apron Network! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hi, dear community!

Let’s start our today’s series of AMA marathons with Apron Network.🚀🚀🚀

Philex Zhang: Hey great people from Satoshi Club!

Great to be here

Gold Rocket | Satoshi Club: Today our guest is @Philex_Zhang!

Welcome to Satoshi Club, @Philex_Zhang!

Mary | Satoshi Club: Hello, Philex! Welcome here 👍

How are you today?

Philex Zhang: Couldn’t be better

Gold Rocket | Satoshi Club:We are honored to welcome you here!👋

Philex Zhang: I can’t wait to introduce apron network to you guys!

Mary | Satoshi Club: Great!

Let’s start 🚀

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 & Apron Network?

Philex Zhang: definitely. I’m Philex Zhang the CEO of Apron Network. I graduated from National Computer Information Content Security Ket Laboratory of Harbin Institute of technology as a PHD student in 2012, and worked in Feitian Safe Ltd as the senior system security analyst for 3 years before moving to New Zealand and worked as a networking engineer since then.

Cryptography is a key area of our information security research and it’s safe to say that I have been following the development of cryptocurrency since its birth!

Mary | Satoshi Club: Technology always was your passion 😀

Philex Zhang: Definitely

Gold Rocket | Satoshi Club: Your background is amazing!👍

Mary | Satoshi Club: Did you recognize the potential of crypto from the beginning? Or first you had doubts?😀

Philex Zhang: Haha good question. Since we focus more on the technical side so we didn’t really think about it as a financial instrument at the beginning to be honest. But I did bought some Bitcoin back then 😉

Gold Rocket | Satoshi Club: I hope you didn’t spend it on pizza? 😁

Philex Zhang: With Apron Network we want to bring Web3.0 forward to its fruitation

Mary | Satoshi Club: Got it, your intuition works perfectly 😀

Philex Zhang: Loooll I didn’t

Thankfully

I’m not a pizza guy

Gold Rocket | Satoshi Club: Your intuition did not deceive you! 😁

Philex Zhang: Haha should we start talking about Apron Network then I’ll buy you guys pizza

Mary | Satoshi Club: But you intuition leaded you to Apron Network 😀

Philex Zhang: Exactly

I didn’t realized the potential of Bitcoin but I do realize the potential of Polkadot and Web3.0 in general

Mary | Satoshi Club: Tell us about Apron Network as much as possible 😀

Philex Zhang: I have no doubt that that’s how the future will look like

For suren

“The Apron Network is a decentralized platform created by Apron Labs to provide infrastructure services for dApp developers, dApp users, and operators in the blockchain world. In the initial stage we will provide node service, on-chain data indexing service, random numbers, price feed service and etc for Polkadot ecosystem, also we will provide Ethereum, BSC, Heco and much more public chain in the forthcoming future.”

Heres a quote from our website

And it might be a bit too technical for ordinary retail investors to grasp

So please allow me to explain it a bit in more layman terms

Mary | Satoshi Club: Sure👍

Gold Rocket | Satoshi Club: What tasks and goals do you set for yourself?

Philex Zhang: We want to try our best to explain what we are actually doing to our potential investors before they make their decisions

Gold Rocket | Satoshi Club: It is commendable! 👍

Philex Zhang: We want to become THE infrastructure service aggregator of the Web3.0 era

This is our long term goal

People might be a bit confused about this whole infrastructure thing

Gold Rocket | Satoshi Club: This is a really cool goal! The Web3.0 era is coming!

Mary | Satoshi Club: We are your potential investors! I will listen to you with pleasure 😀

Philex Zhang: Because from our day to day life ordinary web users don’t really see these infrastructure just like the sewing system of our city

But the city simply can’t function without them

The first and foremost infrastructure we will be providing is “decentralized node services” to DApp developers

The decentralization is what differs Apron Network from the existing node service providers

Let me explain in detail why that’s important

Gold Rocket | Satoshi Club: Feel free🙏

Mary | Satoshi Club: Yes😀

Philex Zhang:  As you might know, all the DApp developers currently have to rely on centralized node service providers such as Infura(I think Infura is already quite well know among even the new comers in crypto field) because the nodes are essentially what connect DApps with the underlying blockchain, and all the volume happens there.

DApp developers NEED node service.

Mary | Satoshi Club: Yes, we are familiar with this name

Philex Zhang: and the centralized ones are currently their own choice

But theres a problem with centralization. A huge one.

Gold Rocket | Satoshi Club: Indeed😊

Philex Zhang: Do you guys remember around the end of last year there was this huge incident where Binance, Metamask, Coinbase all went down at the same time for around 2 hours?

Mary | Satoshi Club: Yes, and it was from Infura side

Gold Rocket | Satoshi Club: yes it was a disaster

Philex Zhang: Right? I remember seeing a lot of people panicking and so on and I totally understood their fear

Exactly.

This happened because Infura forgot to update their Ethereum node on time

A small mistake in a centralized service provider can potentially cause a catastrophe

Of course the problem was quickly solved after 2 hours

Mary | Satoshi Club: Yes, so small mistake and so many problems

Philex Zhang: Still it sounded an alarm

Gold Rocket | Satoshi Club: Quite right! Have you come up with a solution? 😊

Philex Zhang: We need node services that won’t just go down when some one in the system made a mistake

Yes we believe we do!

Mary | Satoshi Club: This will be perfect 🙂

How your service will work?

Philex Zhang: With Apron Network essentially we aggregate everyone who has the ability to set up their own nodes and the developers will be able to choose whoever they want to work with. They can even choose to use several different node service providers at the same time, so that when let’s say one of the nodes goes down, their platform will simply just continue working on other nodes without any problem

Mary | Satoshi Club: That’s great solution! Will you have different types of the nodes?

Philex Zhang: For node service providers on the other hand, we provide them with a full SDK(software development kit) so that they can easily set up their node and connect withApron Network then become a node service provider

Gold Rocket | Satoshi Club: it looks very tempting!

Philex Zhang: That solely depends on the node  providers they can choose to set up their own server and connect it with Apron Network or they can use Amazon Cloud for example but our customer will choose what kind of node they want based on their need

Gold Rocket | Satoshi Club: on what terms do you provide SDK?

Philex Zhang: Or they can just pick up different kinds at the same time

Mary | Satoshi Club: Gotcha 👍

Philex Zhang: To all those who want to connect their service to Apron Network!

Later on we will launch our Apron Market as well. It will be like Amazon for infrastructure service. People can go shop what kind of service they need

And anyone who want to list their service on Apron Market can use our SDK

Mary | Satoshi Club: Really cool solutions! Thanks for this explanation!

Gold Rocket | Satoshi Club: Thanks for the great intro! Do you want to add something? Or maybe we can proceed to questions from community?

Philex Zhang: Oh year just a little ad here 🙂 we just launched a functioning version of Apron Network on Heco ecosystem (the Huobi ecosystem) and if you are a DApp developer looking to develop on Heco you can now use our node service free of charge

It’s like a demo version of our mainnet we want to test all the functions and such to make sure when we launch on Ethereum and Polkadot It’s ready to used

Mary | Satoshi Club: It’s a great call for all developers!🚀

Philex Zhang: https://dashboard.apron.network

To apply you can go to our dashboard 🙂

Gold Rocket | Satoshi Club: great opportunity👍

Philex Zhang: Ok that’s it!

Gold Rocket | Satoshi Club: 🚀🚀🚀

Q1 from Telegram user @Karoceh

I read in the medium that Apron is providing free services for developers in the Heco ecosystem. Why do you prefer to provide free service while you can generate profit from this service? Is this free service temporary or permanent?

Philex Zhang: Ohh good question

It’s gonna be temporary and we will manage the nodes ourselves at this stage

Gold Rocket | Satoshi Club: 😉Question in the topic of conversation 👍

Philex Zhang: As I said this is only a demo version or testnet we want to attract our potential customers get a little taste of what Apron Network would be like so they can get comfortable with the idea of decentralized service provider

Philex Zhang: We also just started our big bounty program on Heco

Mary | Satoshi Club: Did you already get any feedback from first demo version users?

Philex Zhang: If you are a developer and want to try Apron Network out while also win some tokens at the same time this gonna be your chance!

We are still in the application stage we want to select those who might help us improve and give us genuine feedbacks

Not like you know those crazy APY coins

Mary | Satoshi Club: Ahaha, you read my thoughts😂

Philex Zhang:Yeah! Personally I don’t like them that much but I guess this is just the necessary step of development

We are at the wild jungle stage still so

Mary | Satoshi Club: And sometimes it’s great! Because we can start really awesome things and develop them from the beginning 😀

Thank you for your answers, Philex! Ready to proceed?

Philex Zhang: Exactly! The wild jungle is where all the weird flowers and animals can flourish

For sure!

Q2 from Telegram user @MihaiPisica

Apron aims to be the decentralized version of ”Infura” of the Polkadot ecology. And as we know, Polkadot has been one of the fastest rising decentralized networks in recent times, with the remarkably sheer number of dApps springing up across the Polkadot ecosystem. With such a great mandate to enable inter-blockchain communication, there is a need for utilities that streamline access to Polkadot data and services. In this case, what is the significance of Apron to Polkadot Ecosystem? What makes Apron Network be perfect for any Polkadot application? In which way does Apron Network see the opportunity to change how parachains connect with the Polkadot network? Can you describe the Apron Network’s easy-to-use “module” for Polkadot ecological developers?

Mary | Satoshi Club: Long read 😀👍

Philex Zhang: Totally. The significance is that everyone needs to build on infrastructure. No matter you are opening a Restaurant or a club or a I don’t know baseball field, you will need the sewing system in work. Apron Network is built based on substrate framework, so we are born with Polkadot blood in a sense. We carried the interoperability which means we won’t just stay on Polkadot ecosystem. Our service platform will be cross chain.

Gold Rocket | Satoshi Club: reasonably and thoughtfully enough 👏👏👏

Philex Zhang:  Projects on Polkadot or on other blockchain will need services like oracle, on chain data indexing, random number generation etc, and with apron network they can have them in the simplest way.

Mary | Satoshi Club: I know that there are other projects that provide let’s say ‘similar’ services, do you consider them as competitors or possible partners?

Philex Zhang: Haha I like to say that “Apron Network has no competitors.” I don’t mean this in a egomaniac way. What I’m trying to say is that Apron Network is just a platform and if you are a service provider then you can easily connect your service onto Apron Network even if you are already connected with 100 other platforms. And the customers will just choose the services that serve them the best.

That being said if you are a service provider on Apron Network you will be competing with other service providers such as API3 or Chainlink

But generally speaking I believe the spirit of Web3.0 is partnership over competition

Mary | Satoshi Club: Blue Ocean strategy 😀

Philex Zhang: We will reach out to those similar platforms(I don’t know any at the time) and partner with them because there’s simply no reason to compete over customers at this point

Gold Rocket | Satoshi Club: Gold words🤝

Philex Zhang: This is still an undiscovered field

Let’s move on!

Mary | Satoshi Club: Btw, do you think that web 3.0 popularity is the next thing after DeFi and NFT hype?😉

Gold Rocket | Satoshi Club: And you are the pioneers! You can set trends 😁

Philex Zhang: Haha web3.0 will never be a hype in my eyes but yes I’m sure there gonna be a frantic phase at some point

Q3 from Telegram user @meml97

I read on your whitepaper that Apron Network aim is to provide services such as on-chain data indexes, node services and more for Polkadot, HECO and Kusama ecosystems, but what about other ecosystems like Ethereum, Cosmos, BSC, will your services be available for this as well? Also, I read that nodes will receive a service fee paid, will this fee change depending on the ecosystem?

Mary | Satoshi Club: I know that it sounds a bit rough, but we are in jungles😂

Philex Zhang: Definitely we will be cross chain and even project originally built on let’s say Ethereum will be able to provide their service to cosmos customers on Apron Network

The fee will be set by service provider and it will be a total free market

Mary | Satoshi Club: It’s like news from the future 😂

Philex Zhang: Haha yes we are trying the hardest to bring the future to the front of our eyes

It feels so damn close sometimes

Mary | Satoshi Club: Thanks! For me everything is clear! Do you want to add something or we can go to the next question?

Philex Zhang: Yes let’s move on!

Q4 from Telegram user @meml97

On your tokenomics section in your whitepaper you said that the service call will charge a certain gas fee and certain service usage fee, all of this of course will be done with APN, that is your native token, so, could you tell us more about this token? Besides what I mention before, what other utility cases will it have? And since you are a system that will work with a lot of blockchains, what kind of token will it APN be? Will users be able to use it in all those blockchains you offer services for?

Philex Zhang: Definitely i like to explain our tokenomics with investors haha

Normally they love it

Mary | Satoshi Club: Yes, we are watching and writing down😉

Philex Zhang: The maximum issuance of APN is 1 billion tokens, no pre-mining

Institutional private sale constitutes 15% of the total amount and 25–30% will be unlocked after listing, while the remaining token will be unlocked within the following year.

The team has 5% of the tokens and 15% will be unlocked every 6 months after listing

Advisor 3% having 25% unlocked after listing, while the remaining token will be unlocked within the following year.

Ecosystem construction 17%: these tokens are mainly used for LPO (slot auction), market activities, airdrops, etc., and they are managed by the foundation

Philex Zhang: This is the basic tokenomics

APN has several utilities

Ohh APN is our native token btw

1. APN token will be used for actual payment from the customer to the service provider just like @meml97 described

That’s the most fundamental use case for APN

Mary | Satoshi Club: Could you tell us how LPO will work?😀

Philex Zhang: 2. Apron Network charge a service fee when a service is called, and these tokens will then be destroyed or locked, which makes APN a deflationary token

Investors love deflationary tokens

Yes! So we are planning to participate in the Kusama auction for parachain. And by then we will be needing a huge amount of KSM(Kusama native token) to be locked. We need the support from our community to basically lock their KSM for us and in return we give them back a really good amount of APN token as rewards

Mary | Satoshi Club: When it will take place?😀

Gold Rocket | Satoshi Club: How can we join?

Philex Zhang: We are not sure about the exact date yet but we are already preparing for it

We will post a detailed step-by-step manual soon

Mary | Satoshi Club: Great, we will be waiting 😀

Philex Zhang: And back to the token use case!

Almost forgot

Mary | Satoshi Club: Sure👍

Gold Rocket | Satoshi Club: don’t forget to share with Satoshi Clubbers😉

Philex Zhang: 3. To retail investors the most obvious use case for APN will be staking to earn passive income

We will have several different kind of staking pools for different Risk preference

High risk high rewards low risk low rewards, and they serve different function in the network as well

It’s a bit complicated so I’ll just leave this general idea here if you want to learn more feel free to check out our medium page

They are not staking pool just for the sake of staking so to say

Gold Rocket | Satoshi Club: By the way, you can share a link to the medium😉

Philex Zhang: Apron-network.medium.com

Mary | Satoshi Club: Nice use cases😉 and good choices for your investors!

Philex Zhang: Here’s our medium it has a lot of informative articles there

Gold Rocket | Satoshi Club: Thanks for sharing🚀

Philex Zhang: Go and find out all about apron network!

Mary | Satoshi Club: Yes, i already come through, my evening will be busy today 😂 i will dive deeper

Philex Zhang: The rabbit hole is here!

Mary | Satoshi Club:Yes😂 Ready to jump to the next question or you want to add something?

Philex Zhang: Yes!

Let’s move on

https://apron-network.medium.com/apron-network-token-economy-and-token-utility-671e7d9c10b8

Q5 from Telegram user @Indomiekuy

i see that Apron Network already finished doing their PreSale. Can you share about how much your target for seed round and did the target sale success ? and also who are your investor for seed round can you share a little about that ?

Philex Zhang: Here’s the link to our tokenomics article

Mary | Satoshi Club: 👍

Philex Zhang: Yes we actually have another article about our early investors

Hold on

https://apron-network.medium.com/apron-network-successfully-closes-the-seed-and-private-sale-funding-rounds-fc4e6f934344

I don’t want to brag but these are big names loooll

Gold Rocket | Satoshi Club: no need to be ashamed to be awesome😁

Philex Zhang:These top investors are really keen on web3.0 infrastructure projects

And it’s safe to say we are holding their attention for quite some time 😉

Mary | Satoshi Club: Yes, you did awesome marketing and development job!

Philex Zhang:We are doing our best

What’s the next question?

LFG!!

Q6 from Telegram user @alberto_vzla

I have seen that Apron Network places a lot of importance on the orientation of users to generate a good connection with Apron MARKET. How are the Apron MARKET services classified and what options do they offer to establish good dApps developers?

Philex Zhang: Generally speaking there are node service, random number generation service, oracle service(Chainlink), and on-chain data indexing service(the Graph)

Mary | Satoshi Club:What does random number generation service means?

Philex Zhang: And DApps developers will save a lot of effort on building their own infrastructures, they can come to Apron Network like going to IKEA

One stop then all infrastructure are there

Mary | Satoshi Club: I am not so tech, but it’s really interesting to understand.

Philex Zhang: Like for example if you make a NFT blindbox NBA topshop for example

The result has to be totally random so that it won’t be maliciously manipulated

Mary | Satoshi Club: You know😂

Gotcha 👍

Philex Zhang: Looolll it’s everywhere

Mary | Satoshi Club: Never thought i will be interested in NBA😂

Philex Zhang: Exactly haha

Gold Rocket | Satoshi Club: Thank you very much for your answers! It was second to none! You have a talent for explaining complex things in simple language! @Philex_Zhang 😊👍

Philex Zhang: Haha I’m trying my best

Gold Rocket | Satoshi Club: Do you want to add something before the most emotional part of our AMA? ☺️

Philex Zhang: No let’s move on! It’s exciting

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @Ebelto

What requirements do I have to meet as a developer to be able to create my Dapp on Apron? Or should I just register and I can start developing my Dapp, is it really that easy?

Philex Zhang: For our mainnet we don’t set criteria for developers Apron Network is a platform where everyone can come to use the service here and build their DApp this is gonna be the future. Freedom for everyone

Q2 from Telegram user @Korryl

Im just curious could u explain to me why do blockchain really need Decentralized Infrastructure Service Network that Apron Project have like now? What problem in blockchain ecosystem do you want to solve?

Philex Zhang :Just like I explained earlier centralized service providers are super fragile when face black swan events and what can happen will happen right?

Q3 from Telegram user @Gutike95

You mention that with Apron you can access Polkadot, Eth, Eos and Filecoin to create the Dapps, but have you really not thought about incorporating it into BSC? or really BSC doesn’t need it?

Philex Zhang :We are working on moving onto BSC as we speak we plan to launch there in Q2

Q4 from Telegram user @highpee

 You just launched a functioning version of Apron on HECO ecosystem. How is this functioning version different from the main version and what function are unavailable for this version? Will consider launching on other chain like BSC sometimes in future? @Philex_Zhang

Philex Zhang :Right now it’s limited to node services and we will provide the service ourselves so it’s not yet decentralized

Q5 from Telegram user @Smartling

What requirements do I need to fulfill to become an Inspector? What do I stand to benefit from being an inspector and what are the risks involved in being an inspector?

Philex Zhang :As long as you are a token holder you can become an inspector and earn passive income by staking your token in the inspector pool

Q6 from Telegram user @Boylut

Is there a fixed date for your TGE and how does the token release schedule looks like? @Philex_Zhang

Philex Zhang :We are planning to launch our token around late March and we are in talk with tier 1 exchanges right now. We will list on them upon token launch

Q7 from Telegram user @Abisola1

What function does Apron SDK play in Apron Network?

Philex Zhang :It’s crucial because it helps service provider to incorporate into Apron Network basically in a one-click fashion

Q8 from Telegram user @Abisola1

Do you have any notable partners in the industry?

Philex Zhang : We just announced our partnership with Phala, Kylin and Trustbase they are helping a great deal for us to improve our user experience

Q9 from Telegram user @Abisola1

Who are Apron Network target customers? Can a novice make use of Apron Network or is there a guide on how to go about it?

Philex Zhang :There will be a detailed guild on how to use Apron Network but I would say our target customers are DApp developers who have the basic knowledge of what they are doing and what they need

Q10 from Telegram user @lahkoklu

the thing that is feared by users and investors is hacking, so what about the extreme level of security and infrastructure in the Apron Network to protect it?

Philex Zhang :apron network will do encryption on all the service provided and used by our customers, which means that for example when someone tries to attack a project by hacking into their nodes, they simply wouldn’t be able to know where to shoot

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:

Discord: https://discord.gg/esx6W3PYVp/

Telegram: https://t.me/ApronNetwork/

Twitter: https://twitter.com/apronofficial1/

Medium: https://apron-network.medium.com/

PART 1. Introduction of PolkaFoundry project and community questions.

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

PolkaFoundry is a One-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems.

1. Leveraging the thrilling ecosystem, true interoperability, and the unprecedented scalability of Polkadot and Substrate;
2. Unique UX-enabling features bring DAPPs to a much broader population;
3. EVM-compatible, straightforward to migrate from Ethereum;
4. Built-in made-for-DeFi services make it easy for DeFi apps to manage identities, store files, and access Oracle data.

The plan of AMA session:

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

The reward pool is 800$

Leading the AMA our clever and fun admins:

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

The Representative of the project:

Thi Truong (pronounced as Tee) – @thi_pkf – PolkaFoundry Co-founder 

Introduction of PolkaFoundry project.

Mary | satoshi club:

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

Gold rocket | satoshi club:

Hello, dear satoshi clubbers!

Today our guest is @thi_pkf!😊

Thi | Polkafoundry | co-founder & ceo:

Hey there, thank you, everyone, glad to be here, this group is huge 😀

Mary | satoshi club:

Welcome here 👍 how’s going?

Gold rocket | satoshi club:

We are also very excited about the upcoming ama😁

Thi | Polkafoundry | co-founder & ceo:

Yeah, let’s start!

Mary | satoshi club:

Could you please introduce yourself and tell us more about Polkafoundry?😀

Thi | Polkafoundry | co-founder & ceo:

Sure mary. My name is Thi truong (pronounced as tee). I’ve been working in the software industry for 10+ years.

Mary | satoshi club:

It’s a long term 👍

Thi | Polkafoundry | co-founder & ceo:

I started my career in blockchain with Kyber network 3 years ago, working as a key member of Kyber core team. It was a good time, working with many talented people, I learned a lot. A year later, I quit Kyber and founded Icetea platform which is Polkafoundry now.

Mary | satoshi club:

Sure, it’s a great team!

Thi | Polkafoundry | co-founder & ceo:

It was a great journey we went through the winter of crypto and sustain to this day

Gold rocket | satoshi club:

Impressive background👍

Thi | Polkafoundry | co-founder & ceo:

Yep, the leaders are visionary. Thank you.

Mary | satoshi club:

Yes, I still can’t believe the winter is over😂

Thi | Polkafoundry | co-founder & ceo:

Haha, winter is a good time though.

Mary | satoshi club:

What is the main concept of Polkafoundry?😀

Gold rocket | satoshi club:

Tee! How did you get to be involved in Polkafoundry?

Mary | satoshi club:

Yes, it’s the best time for development 😉

Thi | Polkafoundry | co-founder & ceo:

Polkafoundry is “a production hub for DeFi apps on Polkadot”. When I told my friends so, no-one understands 😊 So, let’s look at this picture:

Basically, Polkafoundry is a DeFi-friendly platform for developers to build DAPPs

Gold rocket | satoshi club:

Why did you choose Polkadot out of all blockchains? 😊

Thi | Polkafoundry | co-founder & ceo:

It includes:

– a blockchain with innovative features

– a set of built-in DeFi-friendly services

It is straightforward to develop new DAPPs as well as migrate existing DAPPs from Ethereum

Yeah, that’s it

I hope it is clear enough mary

Gold rocket | satoshi club:

Great intro👍

Mary | satoshi club:

Yes, it’s enough for the beginning and it’s impressive 👍 I like when everyone’s life becomes easier 😀

Gold rocket | satoshi club:

Are you ready for questions from Satoshi Clubbers?😁

Mary | satoshi club:

Thank you, Thi for your great intro!

Thi | Polkafoundry | co-founder & ceo:

I am ready!

Mary | satoshi club:

Let’s go 🚀

Preselected questions about the PolkaFoundry DeFi project.

Gold rocket | satoshi club:

Q1 from telegram user @highpee

 You founded the Icetea platform but later rebranded to become what is now known as Polkafoundry. Why was this rebranding necessary and how does this benefit Polkafoundry? Also, I also discovered that the old platform is still active and the website (icetea.io) is currently functioning with the information on the two websites similar. To avoid confusion and ensure that am not interacting with the wrong website, I want to know who are the ones now operating the old platform or whether you are still running both platforms simultaneously?

Thi | Polkafoundry | co-founder & CEO:

Thank you, great question.

We decided to join the Polkadot ecosystem. That’s why we change the name to closely reflect what we are doing

So we rebranded. The old website still works, and it is valid, As we migrate to Polkadot, the old blockchain still works perfectly. When we finish the Polkadot version, we will migrate the old DAPPs to the new blockchain.

Mary | satoshi club:

You had your own blockchain there?

Gold rocket | satoshi club:

This is unexpected, to be honest. That is, are you planning on using both?😁

Thi | Polkafoundry | co-founder & ceo:

No, the old blockchain is considered phase 1. The new one on Polkadot will replace the old one, and it is phase 2. But we can reuse most of our knowhow, features, etc. And bring it to phase 2.

Polkadot ecosystem is growing rapidly recently. We belleve our experience and innovative solutions can contribute significantly to its development

Gold rocket | satoshi club:

I am sure that your intuition and experience did not disappoint you! 👍

Mary | satoshi club:

Was your community happy about this decision?

Thi | Polkafoundry | co-founder & ceo:

Yes, i did it because it is good for our community. When we do our own blockchain, it is very hard to build developer community, you need very large financial and support.

Mary | satoshi club:

So, everyone is happy and Polkadot got a perfect member of its ecosystem 😀👍 that’s great.I understand .😀

Thi | Polkafoundry | co-founder & ceo:

It is now better to join the thrilling ecosystem like Polkadot. We need friends, partners to realize our vision. It is hard to go alone

Gold rocket | satoshi club:

By the way, tell us a little more about your team of like-minded people.

Thi | Polkafoundry | co-founder & ceo:

We are an global team of 20+ members, since 2018, located in several countries

Gold rocket | satoshi club:

How many people make up the core of the team, what kind of work do they do?

Thi | Polkafoundry | co-founder & ceo:

Team & advisor experience includes Kyber network, Tomochain, Harmony, JP morgan, Delloite, PH.D at Kyoto university, etc.

Gold rocket | satoshi club:

In the days of covid, this is really good!👍

Thi | Polkafoundry | co-founder & ceo:

We are backed by Rikkeisoft, one of the biggest software companies in Vietnam with 1200 developers, and can support us with high-quality developer resources.

Image how that’s different! Many other blockchains goes with marketing first, and struggle to outsource their tech part

Mary | satoshi club:

Wow! With such support, you can do big things 🚀

Thi | Polkafoundry | co-founder & ceo:

We are also strategic partnership with Duckdao who will back our early-stage growth with long-term investment

Mary | satoshi club:

Yes, you are right, it’s really different

Thi | Polkafoundry | co-founder & ceo:

And partner with momentum 6, the marketing company that is behind the marketing of many successful blockchain projects like harmony, Mantra DAO, APY. Finance, etc. It is lucky that we are backed by top VCS.

Mary | satoshi club:

Oh, familiar names 😀

Thi | Polkafoundry | co-founder & ceo:

Yeah, we are confident about our team, but still looking for talents from all over the world. Haha, enough about the team I  guess.

Mary | satoshi club:

It’s impressive info! Really great team for a great project 😀 Thank you for your answers, Thi! Ready to proceed?

Thi | Polkafoundry | co-founder & ceo:

I am ready.

Gold rocket | satoshi club:

Yes, so many excellent partnerships👍

Q2 from telegram user @mihaipisica 

As we know, Polkafoundry is the newest project to host a public sale on the Duckstarter platform and offer public allocations for users. One important note about this Duckstarter offering is that it’s going to be a lottery. There are only 100 seats available, and $50k in allocations. My questis: what are the terms and conditions for users to join the Polkafoundry ido? How we can get a Duckstarter tier and what are the steps to be eligible for it? Can you explain please a bit the Duckstarter process? Is there a KYC process to complete? And is there any restriction for some countries?

Thi | Polkafoundry | co-founder & ceo:

Originally, we plan to do dual IDO on both Duckstarter and paid ignition on 10 mar.

But due to the hack happens to paid, we decided to delay it

Gold rocket | satoshi club:

It’s tomorrow!😁🚀

Thi | Polkafoundry | co-founder & ceo:

We will make an official announcement about our new IDO in a few hours

Mary | satoshi club:

It’s sad🤷

Gold rocket | satoshi club:

Would you like to tell us more about this?

Thi | Polkafoundry | co-founder & ceo:

But it is postponed for about 1 week. It will be announced in a few hours, so please wait for it 😁 But we will honor the ones who already did the whitelist on paid.

Mary | satoshi club:

You know, I like crypto shopping very much. Really, how do you rate the chances of the ordinary crypto users getting some of your tokens?😂

Thi | Polkafoundry | co-founder & ceo:

They will do the lottery, so it is hard to get a ticket though.

Gold rocket | satoshi club:

Well let’s try our luck😁

Mary | satoshi club:

I feel it is near zero. Tell us why you are distributing so small amount of tokens for IDO?

Thi | Polkafoundry | co-founder & ceo:

For Duckstarter whitelist process, let’s follow the link 

We will extend the whitelist period and add an extra public pool

Let’s wait for the announcement

Mary | satoshi club:

Oh, ok! We will stay tuned 🙂 Thank you for your answers! Ready to jump to the next question?

Thi | Polkafoundry | co-founder & ceo:

Yeap.

Gold rocket | satoshi club:

Thanks for sharing👍

Gold rocket | satoshi club:

Q3 from telegram user @jesusfre1tes   

Polkafoundry is designed to give developers free rein to explore new horizons of the DeFi landscape. My question is, what are the tools you provide to these developers so they can innovate and create innovative DAPPs, never seen before in the DeFi space? These DAPPs will only be compatible with the Polkadot network? Do you plan to adapt your protocols to other blockchains?

Thi | Polkafoundry | co-founder & ceo:

Great question. First, we are Ethereum compatible, so it is straightforward to migrate apps from there.

And developers can use their familiar Ethereum tools like the remix, Metamask, truffle to develop on Polkafoundry

Gold rocket | satoshi club:

This is very good i think👍

Thi | Polkafoundry | co-founder & ceo:

Second, we provide easy-to-use wrappers and APIs for services such as decentralized identity, decentralized storage, and hand-selected oracles. Finally, we offer what we call ” UX-enabling” features, to allow developers to create DAPPs that are most easy to use by normal users. You know, DAPPs are hard to use for mere mortals, onboarding is very hard. Just to give some examples of our UX-enabling features:

Mary | satoshi club:

Sure! Do you already have developers which are ready to use your services?

Thi | Polkafoundry | co-founder & ceo:

1. Signing key: used in place of the private key, each signing key has an expiry time and a limited set of permissions. Thus, leaking yields much less serious consequences.

This more efficient signing process improves both DAPP security and the ux safeguard the keys.

2. Flexible payer: DAPPs can pay transaction fees for users in a decentralized manner.

As a result, DAPPs can employ much more flexible monetization strategies, such as free, freemium, pay-to-unlock, and in-DAPP-purchase models. Onboarding becomes seamless.

3. Polkaid: an off-chain service that encrypts a user’s key, splits it into parts, then distributes the keys to multiple independent and secure key management services.

This shifts the burden of keeping keys from users, while still preventing illegal access from any single central authority

Gold rocket | satoshi club:

Absolutely right! Mass adoption needed!

Thi | Polkafoundry | co-founder & ceo:

I will push forward the DAPPs UX because we believe it is the road to mass adoption

Mary | satoshi club:

Signing key can be used instead of the private key, right? But users can still use their pk, right?

Thi | Polkafoundry | co-founder & ceo:

Sure. But DAPPs could use a signing key if they don’t need the private key.

Mary | satoshi club:

Got it, it’s something new for me😀

Thi | Polkafoundry | co-founder & ceo:

It is like the CEO, assigning different spending budgets for his/her subordinates. That reduces the risk very much

Gold rocket | satoshi club:

I liked this use case👍 Many thanks! Would you like to add something else? Or can we proceed to the next question? 😊

Thi | Polkafoundry | co-founder & ceo:

Next, please.

Gold rocket | satoshi club:

Q4 from telegram user @lzamg

 One of the solutions that Polkafoundry brings to its users is the flexible payer, an application to pay transaction fees in a decentralized manner. Can you mention the issues that this feature aims to solve? How does work exactly the flexible payer and what are its functions?

Thi | Polkafoundry | co-founder & ceo:

Ok, I’ll explain this. When you guys use any DAPPs, you have to have some coin to pay the transaction

For normal users, it is hard to go to the exchange to buy coins just to try an app. So, with the flexible payer, a DAPP can pay transaction fees for users, if it decides so. This will lead to a much more natural and flexible monetization strategy for DAPPs

Such as: free, trial, pay to unlock, in-DAPP-purchase. The DAPPs can pay for users who satisfy some conditions (these conditions may be set to the contract through oracle services)

Mary | satoshi club:

That’s great functions!

Thi | Polkafoundry | co-founder & ceo:

Our blockchain support this natively, as the user can specify who pays the fees when sending transactions

Gold rocket | satoshi club:

Cool feature!👏👏👏

Thi | Polkafoundry | co-founder & ceo:

And the blockchain will ask if the smart contract agrees to pay. Kind of that It is hard to explain technical stuff here in a short time though 😃

Mary | satoshi club:

They can switch on/off these functions?

Thi | Polkafoundry | co-founder & ceo:

Yes, it is the developer’s decision.

Mary | satoshi club:

I mean they can pay for users from the beginning and then when they have enough users they can switch off this, right?

Thi | Polkafoundry | co-founder & ceo:

Yes, or they can let you use free first

Gold rocket | satoshi club:

Sounds good!

Thi | Polkafoundry | co-founder & ceo:

And after you reach a limit, or want to unlock/use an advanced feature, the contract will refuse to pay

Mary | satoshi club:

Got it! Really great feature! I want more apps to use it, because, as you stated we can’t try a lot of apps now.

Thi | Polkafoundry | co-founder & ceo:

And you have to pay yourself to use it.

Mary | satoshi club:

Ready for the next question?😀 or you want to add something?

Thi | Polkafoundry | co-founder & ceo:

Think of this scenario.

Gold rocket | satoshi club:

Thanks for the clean answer! Ready for the next one?

Thi | Polkafoundry | co-founder & ceo:

You pay using credit cards or other traditional means.

Mary | satoshi club:

Yes.

Thi | Polkafoundry | co-founder & ceo:

And an oracle sets the payment info into the contract, Then the contract will pay the transaction fee for you.

It is just an example

Mary | satoshi club:

It’s a paradise 😂

Gold rocket | satoshi club:

This is a fairly elegant solution. 😁

Mary | satoshi club:

I hope everything will be easy with apps soon and thus will also help mass adoption of crypto

Thi | Polkafoundry | co-founder & ceo:

I hope so,

Mary | satoshi club:

Ready to proceed? 😀

Gold rocket | satoshi club:

Can we proceed to the next question? 😊😉

Thi | Polkafoundry | co-founder & ceo:

Sure

Gold rocket | satoshi club:

Q5 from telegram user @keymers

He points out that “Polafouindry can create borderless and frictionless DeFi applications, as well as take DAAPs to other horizons”, if so, why among the applications that can be built does not indicate game applications? Don’t you have those characteristics? Or is it not important?

Thi | Polkafoundry | co-founder & ceo:

Games are great. It is possible to develop games on our platform. Most games use NFT and NFT  marketplaces are also one of our focused use cases.

However, we are trying to attract DeFi apps, so we ask the DeFi developers what they need and try to provide them with what they need. So it is just DeFi is our number 1 priority now.

Mary | satoshi club:

So, the main focus DeFi, right?

Thi | Polkafoundry | co-founder & ceo:

We cannot focus on too many things

Mary | satoshi club:

I got you.

Thi | Polkafoundry | co-founder & ceo:

Yes, that’s it

Mary | satoshi club:

But there a lot of DeFi like games, so I think you will get some😉 When you’re planning to go live on polka?

Thi | Polkafoundry | co-founder & ceo:

Yeah, games often involve selling virtual assets, like nft, marketplaces, etc.

The first version of EVM-compatible parachain built on the substrate is planned for the end of this month for testing purposes

Mary | satoshi club:

Or even better if you will share your roadmap with us😀

Thi | Polkafoundry | co-founder & ceo:

We are now grabbing some famous Ethereum smart contracts, like Kyber’s and Uniswap’s, to put on our system and test to ensure they work flawlessly

Mary | satoshi club:

Wow, it’s so close!

Thi | Polkafoundry | co-founder & ceo:

We will launch mainnet in q3 2021

Here is the roadmap thing

Mary | satoshi club:

This year will definitely be hot for Polkafoundry 🔥

Gold rocket | satoshi club:

Hot 2021🔥

Mary | satoshi club:

Ahaha! Ready for the next question?

Thi | Polkafoundry | co-founder & ceo:

Yep

Gold rocket | satoshi club:

Q6 from telegram user @cleotilde1

 I have never participated in an NFT auction but I have heard that they are very good, Polkafoundry also has auction systems. How does Polkafoundry plan to attract artists, musicians and collectors to your auctions? What is the future of Polkafoundry in terms of this type of market?

Thi | Polkafoundry | co-founder & ceo:

We do not have any built-in auction system. It is left for 3rd parties and DAPPs to implement.

Mary | satoshi club:

Oh, I think @cleotilde1 misunderstood something

Thi | Polkafoundry | co-founder & ceo:

For NFT marketplaces, it is good to have an auction to sell rare and precious items

Mary | satoshi club:

But maybe we missed some points in our discussion which you want to share with our community?

Yes, most marketplaces have this system 😀

Thi | Polkafoundry | co-founder & ceo:

There is a partner building an NFT app on our platform, but they focus on the NFT marketplace first and auction next phase. I think it is definitely can be done at the DAPP level.

Mary | satoshi club:

I think it will be attractive for users! NFTs becoming very popular now. Btw, can you tell us the name of this partner or it’s a secret?

Thi | Polkafoundry | co-founder & ceo:

We will sign a partnership, so let’s save the news or the marketing team will kill me …

Gold rocket | satoshi club:

Lol😂

Mary | satoshi club:

No, I want you to stay alive 😂 So, we will follow the news in the name of your life😂

Gold rocket | satoshi club:

When it’s known, don’t forget to share it with Satoshi Clubbers.🙏

Mary | satoshi club:

But I think that the marketing team will only thank you if you will answer our live part questions 😀 you always give very detailed and interesting answers. Ready for a live part?

Gold rocket | satoshi club:

@thi_pkf before the most impressive part of ama, you can share useful links and information with our community🙂

Thi | Polkafoundry | co-founder & ceo:

Okay.

Mary | satoshi club:

Hold your umbrella ☔️, we will have a storm now. Now we’re ready for the live part and…let’s go 🚀

PART 2.Questions about the PolkaFoundry project from the live chat of the telegram community.

In this part, we open a chat for the crypto community for 120 seconds. Then the guests from the PolkaFoundry crypto project choose the top 10 questions. The 10 crypto enthusiasts have earned cryptocurrency in the sum of 100$.

Q – 1 from a telegram user @moonhold

You said Polkadot is good for migrating existing dapps from Ethereum so is the main focus of the project allowing other projects to move from Ethereum blockchain into polka?

Thi | PolkaFoundry | Co-founder & ceo:

No, migration dapps from Ethereum is a good start, but it is never the destination.

We want to create a environment where developers and experiments and try new things that is not possible with ethereum due to many constraints about cost, speed, interoperability, and UX.

You can build new apps from scratch, or migrate from other chains. PolkaFoundry will unleash developers to explore new horizons of DeFi (that are words of our marketing team, but it is our vision

.Q – 2 from a telegram user @cryptofollower

On your website, it says your platform has automated loan decisions but for this won’t you need our wallet private keys?

Thi | PolkaFoundry | Co-founder & ceo:

No way. No-one needs your private key except yourself. By automate loan decision, we mean the lending platform has more info automatically decide whether to accept your loan requests

Q – 3 from a telegram user @mobilejii

Hello!
✅ anonymous team projects cannot be trusted like a public team, can you tell us more about team background, and are there any chance to remain public in the future?

Thi | PolkaFoundry | Co-founder & ceo:

Our team is public and transparent. You can see it on our website 

Q – 4 from a telegram user @topind7

As a very young and new project, how can you convince crypto users that your project is a project with lots of potentials and what competitive, unique or advantageous features do you have that will attract investors from your users?

Thi | PolkaFoundry | Co-founder & ceo:

We’ve been in this industry for several years, it is a 2.5 years project, rebranded and refocus.

The Polkadot ecosystem is still very young but very potential.

We have years working on the blockchain with real hands-on experience and many products. We have a strong team and technical resources.

We contracted with top blockchain marketing firm.

We are backed by top VCs and partners to accelerate quickly forwards.

We have our own innovations, especially in UX for dapps features.

That’s what differentiates us and why the community can trust us.

Q – 5 from a telegram user @Wormz28

I got interested on your Utility Features about ASSET INHERITANCE. It’s so amazing that PolkaFoundry allows a person to set others as their inheritors. So to overcome this drawback, how will the inheritors activate the inheritance workflow to claim his/her inheritance rights? How’s this works really? What’s the process, like is there documents needed to submit?

Thi | PolkaFoundry | Co-founder & ceo:

When a person, unfortunately, passes away, for example in an accident, it is likely that his fund is lost. No inheritance is possible if no-one knows the private key.

We want to address this issue. It works like this.

Every account can add others (for example, their children) as inheritors, and config inheritance parameters for each inheritor.

After the account owner is inactive for a predefined period of time, the inheritors could claim their inheritance right.

Then it goes into the challenge period. The account owner could reject (if he is still alive, of course. And 3rd person or verification service delegated by the owner must also verify if the account owner requires so.

After the challenge period, if everything was settled, the inheritor can withdraw the inherited fund.

Q – 6 from a telegram user @KhaleesiTheCryptoLady

Just found out that PolkaFoundry has 2 Telegram Groupchat (1) @polkafoundry_chat and (2) @PolkaFoundry, which one is your official group? How will you warn users about this duplication especially of collecting money from another group?

Thi | PolkaFoundry | Co-founder & ceo:

@PolkaFoundry is the official group, and we have 2 regional groups:
Vietnamese: @polkafoundry_vi
Korean: @polkafoundrykor

Other groups are fake and scam. Please help us to report.

Q – 7 from a telegram user @csgonub

Do you have a head office and all you guys working together at Singapore?

Thi | PolkaFoundry | Co-founder & ceo:

Yes, the head office registered in Singapore, but the tech team is mostly in Vietnam. The marketing team is in Canada, India, Japan. We have our own office (not co-working space) which is startup style

Q – 8 from a telegram user @lzamg

PolkaFoundry provides a particular type of smart contract called “decentralized bot” that responds to users’ queries. Can you explain more details about all the possible functionalities of this bot and what it can do for users? In which cases would this bot be convenient and useful?

Thi | PolkaFoundry | Co-founder & ceo:

Because for current smart contracts, it is hard for users to interact with them. Users have to interact with dapps through the app (web or mobile). In the end, most users don’t know what contract they are interacting with.

The decentralized bot is a special kind of contract, with a defined convention, so you can chat with it from within your wallet without the need for any website or app. It is similar to the telegram bot. Conversational UI is interesting.

Q -9 from a telegram user @ronaldo_super

The signing key says it has an expiry time so what happens when it expires can I create a new one with my private key?

Thi | PolkaFoundry | Co-founder & ceo:

Yes, you can “refresh” it with your private key

Q -10 from a telegram user @tarkata0420

Why you select grabbing ethereum smart contract kyber and uniswap have you another blockchain system

Thi | PolkaFoundry | Co-founder & ceo:

We just want to use some complicated contracts out there to see if they work on our platform.

You see, it is easy for a simple contract to work. But for complex ones, if it works, it proves that the compatibility level of PolkaFoundry is very high.

Part 3 – Quiz about project

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

Our contacts for more details: 

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

Our Crypto Partner by this AMA: PolkaFoundry

Telegram group  |  Telegram Chanel  |  Tweeter  |  Website  |  Medium  

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 DeHive Finance and our guest was Sergey – founder and CEO of DeHive – DeFi protocol. The AMA took place on 11 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 DeHive Finance! Welcome to Satoshi Club😀

D. | Satoshi Club:
And our today’s guest – @Sergey_InC ! thank you for joining! 🥳

Sergey:
Good day dear Satoshi Club community! Thank you for the opportunity to take part in this AMA session ❤️

Sergey:
My name is Sergey Onyshchenko and I am a founder and CEO of DeHive – DeFi protocol. I am a current CEO and Co-founder of Blaize – a blockchain dev company. I am in crypto since 2016.

D. | Satoshi Club:
You are welcome! good to have you here! 😄

Sergey:
The idea of developing our own in-house project has been crossing my mind for a while. So when we have gathered the right knowledge of the market, I think we are ready to deliver smth the community can benefit from.

Mary | Satoshi Club:
When did you start with DeHive Finance?

Sergey:
We came up with the idea of DeHive Finance in February 2020. After 3-days brainstorm with our development team and advisors

Sergey:
Our DeHive provides an economically sound and justified index of the top DeFi assets. Thus, the user will be able to get a picture of DeFi sector development and assess the market health in general. In addition, in contrast to the centralized market tools, in DeHive users will benefit from liquidity mining and yield farming and get an additional profit.

Mary | Satoshi Club:
Wow, it was really fast!

What is your background before DeHive Finance?

Sergey:
DeHive project is developed by us – Blaize Tech (http://blaize.tech).

We are a friendly and experienced team of devs with full knowledge of the market. From head to toe. Since we are delivering solutions for such partners as Akropolis, Solana, Remme, Breaker, Celo, Zokyo, and many more.

We actually prepared an article about clue team members behind DeHive Finance:
https://medium.com/dehive/meet-the-team-behind-dehive-7eb4bd545340

The idea of developing our own in-house project has been crossing my mind for a while. And now we are here with DeHive. Gathering the right knowledge of market, financial, marketing and development parts.

Mary | Satoshi Club:
Thank you for sharing!

D. | Satoshi Club:
Nice! wanna find more about DeHive team? You should read this Satoshi clubber 😉👍

Sergey:
Guys, we are so thrilled we have got so many questions from you. I’ve noticed that a few of them are already described in our Medium, so you can read those articles and find a lot of answers there:

1. Tokenomics (staking, yield farming) https://medium.com/dehive/dhv-vs-dehive-index-dehive-tokenomics-preliminary-architecture-4c3eedb2ad50
2. DHV pre-sale https://medium.com/dehive/dehive-pre-sale-details-de145474ba3b
3. DHV token utility https://medium.com/dehive/dhv-vs-dehive-index-dehive-tokenomics-preliminary-architecture-4c3eedb2ad50

Sergey:
Our team will really apreaciate that 🙏

D. | Satoshi Club:
thank you! lots of info about tokenomics, pre-sale, and utility of token! very nice 👍

D. | Satoshi Club:
Thank you for a great intro! I think we are ready to begin the first part of AMA?

Sergey:
Yes, please.

D. | Satoshi Club:
Let’s do this!

Q1 from Telegram user @wahibur04
How could an Index containing tokens in the proportion determined by the economic equation help reduce the risk of price fluctuations, wouldn’t all tokens fluctuate in price later? Then how secure are the user’s assets stored on DeHive

Sergey:
Nice question. First of all, all our indexes are backed by DeFis’ underlines.

Price of the index will grow organically with these underlines. This growth is economically sound through the strong mathematical model in the core of the protocol (driven by smart contract). The model regulates the set of underlying and their accurate weights in proportion.

Possible price fluctuation of each of the underlying can affect the total index price. Yet, when one goes down, the other goes up. Thus, there is a really low possibility that all tokens in the basket will fall as in the case of holding the separate tokens.

As for token storage – all underlying are securely stored on the protocol’s contract, attached to the user with no access for the third person, protocol owners, or other members of the community. We apply our best practices gathered on smart contracts audits and defi platforms development to provide the most secure solution.

Mary | Satoshi Club:
Why do you think that the possibility is low?

Which tokens are in the basket?

D. | Satoshi Club:
What happens if one of the assets from the basket, just suddenly stop existing? at the end of the day – it’s crypto everything can happen😄

Sergey:
Thank you for a great questions

We will execute the proposal to change the token through DAO governing and agree with the community for what we should change the underlying that will stop existing

D. | Satoshi Club:
Got it 👍

Mary | Satoshi Club:
Another token from the basket also will be chosen by the community?

Sergey:
This concept is actually behind the whole idea of making an index. We establish the underlying over economical model so that the correlation between behavior of prices between them is minimal. So actually the whole basket is already planned with the minimum risk. As for the actual list of underlying – it will be announced soon, once we release the whitepaper with model details. So, be patient and wait for announcements!

Mary | Satoshi Club:
Got it! Thank you!

Sergey:
We plan to issue indexes governed by the platform based on the analysis of our defi specialists. Though we of course will listen to the community! And also, since we plan the platform for customer indexes issuing, the community will also participate in decisions

Mary | Satoshi Club:
Ready to proceed?😀

D. | Satoshi Club:
Cool, we will be waiting for 👌

Sergey:
Right) of course.

Mary | Satoshi Club:
I am waiting to see, really interesting to see everything in process!

Q2 from Telegram user @yellowchamp
Around Q4 2021, you plan to integrate with Avalanche chain and Polkadot ecosystem and you will initially set up on Binance chain from the end of Q4 2021 up to the beginning of Q1 2022. So, what is the reason of integrating in different blockchain? Why do you choose to integrate those blockchains? What advantages did you see from them that bring positive effects to the community, investors, and Dehive ecosystem? Since you are planning in collaborating with Avalanche, Polkadot, and Binance chain, do you already have a negotiation with those blockchains as preparation for integration? Thank you

Sergey:
Yes, integration with alternative chains and spreading the protocol over other chains in one of our priorities. In spite of the fact that the DeFi core is still on the Ethereum, it is obvious that it cannot stay the same. Ethereum is quite overloaded, gas fees are high and there are a lot of alternatives ready to get the leadership in relay race for DeFi space.

As we see now, Binance chain is booming, DeFi is slowly coming to Avalanche, and Polkadot already has a queue of projects ready for launch. Each of these chains has its own cons, so by spreading the protocol into the cross-chain ecosystem we will gather all of them. We have already started the work on preliminary architecture and prototyping for all of these chains, and in spite of early versions, we have already placed them in our roadmap. and all coming cross-chain partnerships will be announced later, as we described in the roadmap.

D. | Satoshi Club:
Why did you choose polka and avalanche exosystems first for integration? i thought bsc is the most popular now, after ethereum.

Sergey:
Actually, we have BSC as the prior integration (obvious reasons😄). Polkadot and Avalanche are going right after

D. | Satoshi Club:
Ah okay, understood 😊

Mary | Satoshi Club:
Which projects do you see as your competitors?

Sergey:
We are constantly researching the market, currently, the power pool is one of the strongest, we have released an article about it a few days ago https://medium.com/dehive/why-powerpool-is-not-an-index-a83aa8dae3c5

Mary | Satoshi Club:
Thanks!

I Will read this!

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

Sergey:
Yeap, give it to me 😁

Q3 from Telegram user @Highpee
Many are of the opinion that a token burn approach is necessary to ensure a deflationary circulating supply status of a token. However, you will not be implementing a token burn mechanism as you don’t think it will be necessary. Rather, the hard cap supply of your token which is 10,000,000, will be regulated by smart contract. Since $DHV is not an elastic token, how will you use smart contract to regulate supply and maintain the value and valuation of $DHV? Why do you think a token burn is not necessary?

Sergey:
Thank you, this is a very important one. We are familiar with this method for token supply regulation, yet we will not use it. We have chosen the strategy of restraining DHV from the active circulation instead, in order to regulate the token supply. For instance, the user needs to stake a certain amount of DHV while issuing the index. Also, we will allow staking (and therefore DHV mining) within the protocol. You can read more in DeHive tokenomics https://medium.com/dehive/dhv-vs-dehive-index-dehive-tokenomics-preliminary-architecture-4c3eedb2ad50

All of those actions are the common “health economy” strategies we strive to build with DeHive instead of idle token burn.

Mary | Satoshi Club:
So, I will be also able to issue an index?

D. | Satoshi Club:
Smart decision👍

Sergey:
Yes, definitely. Each user could issue a proposal for listing a custom index. This proposal will be reviewed by the community via DAO.

If enough DHV will be locked – a new custom Index will be listed.

The issuer of a custom index will receive part of the yield farming interest.

D. | Satoshi Club:
Btw how many DHV I should stake to issue an index?

Mary | Satoshi Club:
I will vote for your index😂

And btw, how many tokens should i have to participate in DAO?😀

D. | Satoshi Club:
❤️

Sergey:
This amount will be established by the strong mathematic equation, we will inform the community before the platform launch. pls note, this amount will not be high

🙏😄

Mary | Satoshi Club:
So, wait for Mary and D indexes then😂

Thank you for your answers!

Sergey:
Surely will!😁👍

Mary | Satoshi Club:
Ready to jump to the next question?

Sergey:
Yes please.

Q4 from Telegram user @Beterror203
There is a lot of difference between tokens with a good performance but that these are already listed on the platform and custom tokens in what you call Creation of custom index, my question on what you are based on or how the performance is carried out when a user does The creation of these custom indexes, how do you keep track of their performance in real-time, how much would the% be since the tokens offer different APY / APRs, does your contract have the necessary support to avoid collapsing with all this data?

Sergey:
Performance of tokens in the index means that the price of each token fluctuates and total index performance shows the cumulative price changes of each token according to their weights. (This performance does not influence internal actions within the protocol ecosystem)

We will track the price fluctuation of the whole basket, and the price changes for each of the selected underlying separately using the on-chain data (like Subgraph or Uniswap). We will use those data to create graphs of the price fluctuations and use them to apply the most profitable strategy for yield farming. The APY for yield farming will be also tracked by the protocol.

All the mentioned above is true for the indexes that DeHive platform issues. And actually, that is also true for custom indexes – of course, the users who will apply their own models and strategies for index creation may not reach the optimal index model, though they will have the ability to use the same set of tools for performance check as the platform has itself.

Mary | Satoshi Club:
Can i test your platform now?😀

D. | Satoshi Club:
Great answer, thank you! and I’m very interested to try it myself, to know how it works 😁

Sergey:
The MVP version will be available in Q2, so coming very soon. The project will be delivered anyway since we are putting Blaize company name on it 😁

Mary | Satoshi Club:
Our thoughts are the same)

Great! Will your testers get some advantages?

Sergey:
Yeap, we will definitely make a bug bounty, and we have already allocated apart from company treasury for it

Mary | Satoshi Club:
Great! And also my favourite question – what about security?

D. | Satoshi Club:
You mean audit? 👀😁

Mary | Satoshi Club:
Yes😂

I feel that I know the answer, but let’s see😀

Sergey:
We have really advanced in-house auditors in our team, since we are delivering audits for most of the DeFi protocols.

Of course, all of our contracts will pass few audits.

By the way, whole DeHive system is decentralized, so there are no week points that are presented in centralized system.

Mary | Satoshi Club:
Gotcha 👍

Thank you for your answers 😀

Ready to go to the next question?

Sergey:
Yes))

Q5 from Telegram user @lzamg
DeHive is the first DeFi protocol that allows the issuing of custom indexes. Can you guide us through the process of creating custom indexes? Are all the users of DeHive able to access any custom index as easily as with a native index?

Sergey:
The user experience for custom index creation is pretty straightforward. You have to select/import tokens for the index. The user will select his own set of DeFi assets he believes the market misses. Set the weights/percentage for each one. To introduce any custom index, the platform will require a supporting amount of DHV tokens to place an offer. You have to choose one and click “”Submit””. That’s all! Then you will wait for proposal voting in DAO and if it is successful – your custom index will be created.

And if you worry about the issue with “scam” tokens or some kind of vulnerabilities in this mechanism, we ensure that the community will be able through the governance mechanisms to check the tokens included into custom indexes.

D. | Satoshi Club:
So community will be deciding which tokens are good for indexes?

Mary | Satoshi Club:
Didn’t you think that you can allow high-risk indexes?😀

I like to risk sometimes 😂

10000 apy etc😂

Sergey:
Partialy, the community will take part in voting for the set of underlying for any of the custom indexes

D. | Satoshi Club:
Got it! will you have some guides for not-so-experienced users, which will help them how gather their baskets in a smart way with less risky assets, for the start?

Sergey:
Custom index issuing is one of the features DeHive platform allows. The platform and ppl behind it, (our financial analysts, advisors, and defi specialists) are responsible for our issued (our own) indexes and their economic justification. Custom indexes is the initiative that goes from the community. If the index won’t be useful, it will not just be traded and won’t get the needed volume. That’s it.

Mary | Satoshi Club:
It has sense 👍 thank you!

Sergey:
Sure, we will provide a separate section with all the needed info. Will be available via “docs” button.

D. | Satoshi Club:
Cool! it will be helpful.

Thank you! ready for the last question from part 1?😉

Sergey:
Of course))

Q6 from Telegram user @JoanaZ
Considering that DeHive allows the users to Exchange their ETH to an underlying asset, can you tell us how many underlaying assets are you able to use? Just based on Ethereum or other chains can work too?

Sergey:
In general, the index does not have any strict regulations regarding the amount of the underlying within it. As long as, we are planning to issue several of them covering different segments of DeFi market, the set of underlying will vary from one basket to another. Therefore, the platform will cover approximately all tokens you can see on DeFi Pulse or whatever.

Answering the cross-chain notion. In our initial plan, the index has the underlying from one chain (either Ethereum or BSC, etc.). Yet, we are currently thinking of implementing a cross-chain index as an alternative feature. This is an interesting idea which we will surely consider a bit later. This is not currently in our roadmap.

Mary | Satoshi Club:
Yes, cross chain index will be really interesting 😉

After testing period when do you plan to go live?

D. | Satoshi Club:
It will be mind-blowing, to be honest 😄

Sergey:
This is a Q3 of the current year. July to be more precise.

Mary | Satoshi Club:
Super! This summer will be hot🔥

Part 2 — live questions from the Telegram community

Q1 from Telegram user @tuvalunia
You have the pre-sale for DHV token on 24th March, can you share the details with us, please?

Sergey:
hey guys, a lot of question regarding the DHV token and token sale details, find the exact date and price of DHV in this medium post https://medium.com/dehive/dehive-pre-sale-details-de145474ba3b

Q2 from Telegram user @BeaEvolet
I noticed that Dehive incorporates oracles that verify actual cryptocurrency prices, about these oracles were they developed by the Dehive team? Or are they currently associated with any recognized oracles like Chainlink?

Sergey:
Really a lot of it regarding the oracles we use. So yes, safe Oracles will be a part of our system, so we make the choice very thoroughly. We are considering several options. First of all, we think about Chainlink and actually, we had feedback from them. So it is our first option. Nevertheless, we are thinking about our own solution as an alternative option.

Q3 from Telegram user @highpee
I can see that you have gotten the “NFT index” planned for Q4/2021. Most works around NFT have circled around NFT artistic creation, minting, tokenization, and marketplaces but I have seen little or no workaround “NFT index”. Will the NFT index be also pegged to a basket of NFTs like your Dehive Index? If so, how will you be able to capture the economical segments of popular NFT marketplaces to ensure greater profitability?

Sergey:
Hey there, nice qst. We have several ideas connected to NFTs, NFT indexing, and NFT index. All of them will be announced based on our roadmap. Yes, in the first place NFT associates with crypto-art and CryptoKitties. Though NFT technology is already infiltrating DeFi market, it can be perfectly connected with financial instruments like futures and options. And we see great potential in combining crypto-index ideas and non-fungible elements. For now, we plan to keep plans for NFT index in secret, but I think you get the point of our interpretation!

Q4 from Telegram user @AugusS7
You mention that with DeHive “Maximize production”, but really that is achieved by making a small modification in smart contracts and that’s it? or really what is that “most optimal strategy” that they use? other chains could also use it?

Sergey:
Our team in Blaize has great experience with DeFi, secure vaults, yielding strategies. We have great experience with products like strategies constructors, aggregators, and routing. So, when we talk about “most optimal strategy” we actually mean “most optimal strategy” developed exclusively for the chosen set of underlying which back the index. And of course, each chain will have its own individual set of strategies based on the backed tokens.

Q5 from Telegram user @ubuntucoder
How and where do you get the liquidity needed for DHV token to work properly?

Sergey:
We have the reserve for liquidity on Uniswap, as well as investors interested to become the liquidity providers. Also, there is a liquidity mining program for everyone who wants to participate providing the liquidity to selected pairs.

Q6 from Telegram user @JuanSB07
When you enter their official Telegram group and on their website I realized that they like bees and they have a lot of animations about them. So why did you decide to animate and display certain characteristics of the bees in DeHive? Is there a relationship between the way of life of bees and the approach or characteristics of the DeHive project?

Sergey:
this is the nice one 😁😄🐝 I will try to keep it short. While thinking about the index we came to the idea, that it should be a perfectly balanced set of underlying, compact, and perfectly ordered. And since we base the protocol and strong math models, that should aim you to the hexagons, which are used for perfect spacing and are actually closely connected with crypto and hashing. And hexagons will easily lead you to the bees and their hive, which are perfect metaphors of tokens and index. And yield also sounds like honey, isn’t it?

Q7 from Telegram user @alptrader
There are no swapping option on DeHive ecosystem. Why is that?

Sergey:
You should understand that any swapping in arbitrage purposes which are the core concept behind any AMM-based protocol are subject to speculation. We do not want to go this way and allow for additional risks like impermanent loss or other risky operations for our users. DeHive is aimed to build a stable, low risky and economically justified product to support the health economic strategy.

Q8 from Telegram user @highpee
You have said that USERS could implement a CUSTOM INDEX and if such proposals are acceptably reviewed and voted by the community, such index will become valid. How will the DAO system look like and how will you ensure that this will be democratically done fairly and transparently?

Sergey:
The DAO itself means that system will work in a democratic way. So DAO participants have their voting power and use it for proposal voting. It means that users with a higher stakes and higher reputations will have more impact on protocol and indexes list.

Q9 from Telegram user @JoanaZ
The token distribution shows that 20% of the supply is destined for ” community incentivization, so can you please share with us which are gonna be these Incentives?

Sergey:
This is actually a treasury for bug bounty programs, contests, airdrops, incentivization within the protocol, encouraging for dao and governance, etc.

Q10 from Telegram user @Indomiekuy
I read that Dehive project don’t have a liquidity pool, so can you please tell us what is the use of $DHV token? What is your community possible to do with $DHV in your ecosystem? What makes $DHV token important?

Sergey:
nice question since a lot of projects now have useless tokens 😄🙊 DHV is a native token of DeHive ecosystem. You will need it for initial index issuing, DAO participation, and custom index creation. DHV holders will be able to take part in DHV mining within the platform. You can read more about it in our tokenomics description https://medium.com/dehive/dhv-vs-dehive-index-dehive-tokenomics-preliminary-architecture-4c3eedb2ad50

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
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Website: https://esatoshi.club/

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We are pleased to announce our next AMA on March 13th 2021 at 02:00 PM UTC Time: Satoshi Club x FM Gallery

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

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join FM Gallery 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 80 seconds. You can post Max 3 questions. FM Gallery Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about FM Gallery

For more details:
FM Gallery – @fmgalleryeng
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guests from DexKit. The AMA took place on March 10th, 2021 and our guest were @Cryptojohnnyb @CryptoAndres @jcampos8 @Krtklplz @Strainz.

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 questions from the Telegram&Bitcointalk community

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Howdy Y’all!

Strainz: Hello Everyone!

João Campos | dexkit.com: Hey everyone. Thanks once again for hosting a DexKit AMA

Gold Rocket | Satoshi Club: Good evening, dear community!We conclude our today’s exciting AMA marathon series with Dexkit.

Krtklplz: Hello All!!!

Gold Rocket | Satoshi Club: Welcome to Satoshi Club, @Cryptojohnnyb @CryptoAndres @jcampos8 @Krtklplz @Strainz!

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Thank you! 🚀

cryptomillionare: Hello

Mikie Pedersen: hello all 😄

Krtklplz: Glad to be here!

CryptoAndres: Thanks! ❤️

Andrés M. | Satoshi Club: Hello, today our guest are from DexKit poject, welcome to Satoshi Club. How are you today’ 😃

no limit: just want to remind that 1st snapshot for SSGT airdrop by YFDAI was already taken yesterday, but there is late eligibility, so everybody can still join, only few days left!

Gold Rocket | Satoshi Club: Impressive news !!🚀🚀🚀

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Fantastically well! Yourselves?

Andrés M. | Satoshi Club: Hello, all the DexKit family is here I think 😁 We are excited to know more about you

Gold Rocket | Satoshi Club: You have come to a large and warm company!😁 To begin with, please tell us a few words about yourselves and how did you get to be involved in crypto & Dexkit?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: I am the communications officer for DEXKIT. I began like a lot of people do with a kernel of curiosity. As I researched Bitcoin and distributed ledger technology, I became enamored with its potential applications. I started to get involved with projects and I am extremely happy to be a part of the #KITcrew!

Gold Rocket | Satoshi Club: Sounds good! 👍

João Campos | dexkit.com: Hi everyone, I am João Campos the head developer of DexKit, I have several years working on blockchain, and specially DEX’s. I have built several DEX’s and now put all my experience to built one of more advanced dex’s using ZRX protocol. I had an interview with ZRX which explains in detail all my background: https://blog.0xproject.com/community-spotlight-jo%C3%A3o-campos-head-developer-of-dexkit-4071ec530dd6 and experience

Gold Rocket | Satoshi Club: Excellent background🚀

Strainz: I got into crypto just buying BTC at very small amounts back in 2016. I just HODLed! hah I became apart of the DexKit team through helping out in a lot in the social media area of things. I aim to scream the word of DexKit from the mountain tops! haha

Gold Rocket | Satoshi Club: It’s great to be a part of what you love! 👍

Andrés M. | Satoshi Club: Haha great job

Krtklplz: I started as a trader, stocks, forex and then to crypto for the volatility…  It was not until after I came for the trades did I realize what I had stepped into in terms of being on the leading edge of decentralization.    I was personally picked up within the community by the Dexkit team to help with Marketing and Youtube influencers, Airdrops and promotions.

Gold Rocket | Satoshi Club: You are in the right place at an amazing time 👍

Andrés M. | Satoshi Club: Where are you from?

João Campos | dexkit.com: Portugal

Krtklplz: South US

Andrés M. | Satoshi Club: So are you from different countries, but where is Dxkit project based?

João Campos | dexkit.com: DexKit works with remote teams. Dev Team is on Brazil where I live, and Marketing team is on US and Australia and other countries

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Decentralization!

Krtklplz: The team is almost as decentralized as the Project…. almost.

Andrés M. | Satoshi Club: I think that is great, we need more Crypto projects being developed in Latin America💪

Gold Rocket | Satoshi Club: And that’s fine in the times of covid. Decentralization

CryptoAndres: I got interested in crypto in mid 2019 and I started to research about Bitcoin back then, how this works, halvings, cycles etc and I decided to start to invest and trade it along with the normal stock market.  I am a truly believer of the end goal behind crypto about empowering people  and once DeFi exploded I decided to invest much more of my time in this life game changer and support the cause 🙂 💪💪

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: +1 Love this guy

CryptoAndres: exactly this! 💪

Gold Rocket | Satoshi Club: You are a real crypto romantic👍

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: love is in the air lol

Gold Rocket | Satoshi Club: 😁No doubt❤️

Andrés M. | Satoshi Club: Nice to meet you namesake 😁

CryptoAndres: I like you Andres 😊

Andrés M. | Satoshi Club: Haha you have impressive backgrounds guys , we have collected some community questions for the part 1 of the AMA, are you ready? 🥳

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Fire away! 🔥

Gold Rocket | Satoshi Club: If my memory serves me, have you already been with us?

Strainz: Indeed we have!

Gold Rocket | Satoshi Club: So tell us what happened to you during this time!😁

Andrés M. | Satoshi Club: Wow, happy to have you with us again old friends 😁

Strainz: I can’t believe it was all the way back in November already!

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: We have been working extremely hard on our platform. DEXKIT is a suite of 4 Defi “Super Apps” that are designed to make trading and managing decentralized portfolios easy

João Campos | dexkit.com: Last time we had the AMA here we had only the aggregator, now we have the DEX on BETA with free limit orders placement, and NFT & Dashboard in demo phase

Krtklplz: That’s Gas Free limit orders…  which for a trader like me…Its Huge!

Gold Rocket | Satoshi Club: Great job in such a short time!

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Our aggregator (https://swap.dexkit.com/#/swap) app has been out since November and accesses over 20 DEX protocols for the best prices and liquidity. The DEX exchange’s BETA (https://beta.exchange.dexkit.com/#/trade/) was just released this past week and users can get a professional trading experience that runs on top of the aggregator. Users can place limit orders GAS FREE. Our next app is going to be the whitelabel NFT marketplace (https://demo.nft.dexkit.com/#/marketplace). It will empower artists to showcase their collections and easily integrate into wordpress sites

CryptoAndres: Try youself, it is awesome work from our development team – https://v4.beta.exchange.dexkit.com/

Andrés M. | Satoshi Club: A hot topic, everyone is talking about NFTs

Gold Rocket | Satoshi Club: Time passed quickly and we are very glad to see you again🤗

João Campos | dexkit.com: Yes indeed. We want to empower artists with easy tools to them sell their art without being plagued with scam collections

Strainz: We a VERY glad to be here again. You guys are awesome!

Gold Rocket | Satoshi Club: I can say about you too! You did a great job! We want to find out about all this as soon as possible !! ☺️

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: The final app is the Defi Dashboard (https://demo.dashboard.dexkit.com/dashboards/overview). Users will be able to track all of the DEXKIT apps and it comes complete with a multicurrency wallet with cross chain support as well as detailed cross protocol analytics and advanced defi tools. I am going to add links to my previous messages 🙂 Links have been added. The links for the NFT marketplace and Dashboard are demo versions. Just giving people an idea of how they will look and feel

Andrés M. | Satoshi Club: Is there any date for launching?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: We do not have a hard date set, but we will have a number of promotions leading up to the release

Andrés M. | Satoshi Club: An approximate date?🤔

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: so check out our twitter  (https://twitter.com/dexkit)to stay up to date! @jcampos8 ?

João Campos | dexkit.com: NFT marketplace with wordpress integration is now our priority. We will be working tireless to release asap

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: We love our dev team and they are working DOUBLE TIME to put it out as soon as possible

Andrés M. | Satoshi Club: We will be wating for news about it

Gold Rocket | Satoshi Club: It is very interesting

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Our promotional contests leading up to the release are going to be pretty sweet, so make sure to follow us on Twitter! (https://twitter.com/dexkit)

Gold Rocket | Satoshi Club: Join Satoshi Clubbers🚀🚀🚀 don’t miss out on great early bird opportunities. Thank you very much for the great intro

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: The pleasure is all mine! 🌝

Gold Rocket | Satoshi Club: ready for community questions😁

Strainz: Yes we are!

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: READY

Krtklplz: Absolutely!

Q1 from Telegram User @Z0ryan

First of all, congratulations with KITDEX Exchange BETA launch! This is an incredible event that you have been going to for a long time and which definitely deserves the attention of all users! Please tell us which features we can try now? Is beta available to everyone? And also share with Satoshi Club the first reviews of your users!n 🥳

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: The DEX is fully functional for limit/market/hiding games orders. The aggregator runs underneath the professional exchange ensuring the best price and slippage for orders. Limit orders on the DEX can be placed GAS FREE this is achieved because 0x’s routing technology allows for users to perform a wallet to wallet swap when the order is reached with the “taker” paying the gas for the TXN. KeeperDAO’s “Hiding Games” integration is extremely exciting because users can earn ROOK tokens for placing limit orders on this order book

Gold Rocket | Satoshi Club: gas free sounds great today! 😁

Krtklplz: Gas free! has me doing backflips!  With todays gas prices it is hard for smaller capital traders and investors to enter the ERC20 market. Even extremely costly for larger capital traders and investors.  Dexkit is lowering that barrier which is super exciting!

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: This is an EXTREMELY important thing for people to understand about the DEX. Unique to our platform

João Campos | dexkit.com: At the moment you can market buy and sell using the Aggregator liquidity from over 20 sources, post gas less limit orders on open Orderbook or earn ROOK posting limit orders to Hiding Games, check Trading view Graphic with data from all decentralized exchanges like Uniswap, ZRX protocol, Sushi and so on. Integrated easy swap interface like Uniswap, buy with fiat ETH and supported tokens directly on the market buy. Check order history across several sources like Uniswap, ZRX, Sushi and so on. Mobile first ready. And we are one of the first one to add support for limit orders on V4 of ZRX protocol, which is one of the most efficient protocols regarding limit orders. Limit orders posted on the exchange are available to be filled across all DeFi space

Andrés M. | Satoshi Club: How that protocol works?

João Campos | dexkit.com: You sign a message with your wallet with intentions to sell/buy a token from your wallet. Tokens only leave wallet when the order is filled, so you have all the time the custody of the funds

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Completely decentralized

Andrés M. | Satoshi Club: Which wallets are allowed? Metamask, Tust wallet?

João Campos | dexkit.com: On the V4 of the DEX, Metamask and Trust are supported, you can check it here: https://v4.beta.exchange.dexkit.com . Also Wallet Connect which allows almost all wallets to be supported

Andrés M. | Satoshi Club: Amazing, great work thinking in different users

Gold Rocket | Satoshi Club: Yes, I’m already trying. it’s very simple 👍

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: There is a V3 version (https://beta.exchange.dexkit.com/#/trade/) and a V4 version (https://v4.beta.exchange.dexkit.com/#/trade) as well. The V4 version is identical apart from running on the most up to date version of the 0x protocol. 0x V4  (https://blog.0xproject.com/say-hello-to-0x-v4-ce87ca38e3ac)is the MOST EFFICIENT protocol on the Ethereum Network!

João Campos | dexkit.com: And additionally, this DEX will be available as whitelabel, so any project or individual can have their own advanced customized DEX on the future

Gold Rocket | Satoshi Club: and that’s great too! 👍

CryptoAndres: 🌈 Aggregator ➡️ https://swap.dexkit.com/#/swap

🌈 Dashboard ➡️ https://demo.dashboard.dexkit.com/

🌈 DEX              ➡️ https://v4.beta.exchange.dexkit.com/

🌈 NFT              ➡️ https://demo.nft.dexkit.com/

And you can try all of this now!‼️ Dashboard, DEX and NFT still in beta and demo but we will be releasing live versions soon💥💥

Andrés M. | Satoshi Club:

Why does platform not allow Ad Blocker? 🤔

João Campos | dexkit.com: Good catch, this will be removed on the future, so stay tunned.

Andrés M. | Satoshi Club: Thank you 😃

Gold Rocket | Satoshi Club: Thank you very much for such a detailed answer! want to add something or can we proceed to the next question?👏👏👏

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Let’s move forward! ✈️

Q2 from Telegram User @lzamg

I read that DexKit has a secondary token called BITT, a social media based token. Would you give us details about the utilities of this secondary token? How can we acquire it? What are the benefits of holding BITT?

Gold Rocket | Satoshi Club: To be honest, me and my friends this year spent colossal sums on gas during swap…. And we know this pain😂

João Campos | dexkit.com: First of all, BITT is not secondary token of DexKit, is a community token that uses and adopts DexKit tech. They will be the first to have the whitelabel DEX as well, and they use the token to reward the Bitsquad community efforts.

Strainz: BiTT is the Community’s token! BiTToken.Club will be here on Saturday to answer everyone’s questions best during that session haha

Gold Rocket | Satoshi Club: we look forward to them!🙏

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: BITT currently has utility in Discord and will also be integrated into Telegram through the TIP.CC bot. It also has utility with the Bitswap and Crowswap branded aggregators that are powered by the DEXKIT platform. Holding 2500 BITT gives you a 90% fee discount on the platforms.

BITT will also be usable in future app releases for Bitswap and any other community that adopts it. This is a huge benefit to working with DEXKIT is you can leverage community currency with real utility.

Future integrations include NFT deflationary tokenomics, Sandbox integration and more! You can read more about the project on the website litepaper!

https://www.bittoken.club/

Litepaper

Tweets by BiTToken_Club

Krtklplz: Bittoken is the community rewards token of the Bitsquad which is “powered” by Dexkit.  There is some team crossover which is why I think there is a misconception about the relationship between Dexkit and Bittoken but they are two separate projects.

Gold Rocket | Satoshi Club: By the way, Andres and I will host AMA with them.😉

Andrés M. | Satoshi Club: Yes, we are happy to know more about the whole DexKit community 💪

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: We will be speaking in more detail about the BITToken project on the 13th same place same time! 📺

CryptoAndres: You can see this like a Patnership or a Customer. BIITTOKEN will have their own whitelabel NFT and DEX which will be powered by DexKIT. BITTOKEN alrady got their own whitlabel aggregator.  We are doing more partnership like this with others. Stay tune

Andrés M. | Satoshi Club: Are there other tokens with which you have a similar partnership?

João Campos | dexkit.com: At the moment no, but we welcome anyone to join us to build one. We are open for it

Gold Rocket | Satoshi Club: thanks for the clarification and announcement😁 Ready for the next question?

Strainz: Fire away!

CryptoAndres: Let’s move on

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: So ready!

Q3 from Telegram User @cryptofollower

Use say you support more than 14 exchanges and limit orders. Using Dexkit’s Toolkit can I join the IDO’s on decentralized exchanges? Assuming there is an IDO on Balancer. At start price always go high and I need to wait for the price to go down and check it frequently. Can I join it using dexkit with limit orders?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: I believe @jcampos8 could answer this one better than me

João Campos | dexkit.com: Orders are open to be filled by any source. Balancer is normally one of that sources that arbitrageurs use to fill orders, so if your order is big enough and profitable to arbitrageurs pick your order and sell/buy it on Balancer. Despite, orders being gas less to place, users spent gas to fill it. So yes, we can say that if Balancer liquidity is public you can use it to pick dips on IDO’s

Strainz: Such a great answer

Gold Rocket | Satoshi Club: Simple and elegant solution, I would say😁

João Campos | dexkit.com: DexKit right now supports all Coingecko tokens as default and search, you can add your token by address as well

Andrés M. | Satoshi Club: Great solution to increase the liquidity

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: This is a good note. Right now on ETH, Uni is 👑. As the space grows however, 2nd and 3rd movers begin to take more of a market share. When liquidity grows throughout the space, DEXKIT will thrive even more than it does now

Gold Rocket | Satoshi Club: There is no doubt about that! 👍 Do you want to add something? Or can we jump to the next question?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Shoot! 😎

Q4 from Telegram User @Antoni_azx

It was recently announced that the KITDEX exchange BETA is live, aiming to be a solution to the problem with DEX protocols like the most used one: Uniswap. But this project is using a 0x V4 technology that will solve all these problems on the trading experience, can you tell us what are the main milestones of this technology and if is it so good why no one ever used it before?

João Campos | dexkit.com: ZRX protocol is doing today around 180M in volume, ZRX V4 is the next iteration of the protocol being the most powerfull so far delivered with Limit and RFQ gas less orders highly optimized

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: @jcampos8 is EXTREMELY knowledgeable about 0x protocol. Many people don’t fully understand what the project is doing. The short version is that they are radically taking on the problems with interoperability in defi. They are creating efficient systems for users to be able to swap tokens cross protocol and eventually cross chain. 0x’s tech is proven and 0x V4 is the MOST EFFICIENT PROTOCOL ON ETHEREUM

João Campos | dexkit.com: Main tech deliver by this new protocol is the use of Transformers, which allows DeFi legos without the need for smartcontract wallets

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: This is something you won’t see anywhere else.

João Campos | dexkit.com: You can for instance do a swap between aDai (Dai on Aave) and cUSDC (USDC on Compound) using the best liquidity on the market

Andrés M. | Satoshi Club: Which benefits provide this protocol to your NFT market?

João Campos | dexkit.com: So this feature allows us to offer the follow swap  withdraw DAI from Aave, swap DAI to USDC, supply USDC on Compound in only a transaction

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: A HUGE limiting factor in defi is the lack of usability for the average consumer. DEXKIT is building tools that will make complex defi actions far more digestible to traditional investors

Gold Rocket | Satoshi Club: is it already working? I want to try to be honest😁

Andrés M. | Satoshi Club: Congratulation guys, you are really focused in the next generation of programming

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: The NFT marketplace will benefit from the gas efficiency from the 0x protocol. When V4 is completely integrated, it will be the cheapest place to trade on Ethereum

João Campos | dexkit.com: For the NFT market we will be using the V3 version of it, as still yet not supported on the new version. On the NFT marketplace we will be prioritizing the easy onboard for artists sell their tokens directly on a wordpress website. You will have your own marketplace with your coin and collection as default

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: It is endlessly customizable as well with variable fee structures, accepted currencies, as well as tons of design options

João Campos | dexkit.com: One of the main issues that artists are facing is the impersonation of collections, which we will try to solve

Andrés M. | Satoshi Club: Wow, a differentiating feature that will attract a large number of users

Gold Rocket | Satoshi Club: How will you solve this, if not a secret?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: We are going to be reaching out to artists and telling them about what we offer. We believe many of them will find it extremely valuable and help them to stand out in such a competitive space.

João Campos | dexkit.com: The artists could integrate their marketplace directly on their website, instead of sending it to outside apps

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: So users will be sure that they are buying the real thing

Gold Rocket | Satoshi Club: nYes, now the wild west is going on in the NFT market. 🤠

Andrés M. | Satoshi Club: Actually our next question is about your NFT marketplace, ready?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Let’s do it! 🤠

Q5 from Telegram User @AugusS7

It is true that NFT tokens have had an incredible boom, many artists have created their tokens and sold them at extremely high prices, now with Dexkit’s NFT trade, why should the creators publish and sell their tokens on DexKit instead from other platforms? just for ease of interface?

Andrés M. | Satoshi Club: Partically covered 😅

Gold Rocket | Satoshi Club: Partially answered. But I think you have something to add😉

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: A big part of being an artist is creating an atmosphere. Artists put a lot of emotions into their work. Our platform is going to allow artists and collectors alike to display their works in an environment that is unique and welcoming to their fans. It will be more ‘curated’ than what we see currently. Integration into existing websites is a HUGE “x-factor” for this concept

Andrés M. | Satoshi Club: A lot of artists are learning about NFT to sell their art pieces at high prices and wtih low costs, is your marketplace friendly to non-crypto people? Do you have any guides for newbies who want to enter that ecosystem?

João Campos | dexkit.com: We for sure will offer tutorials and videos to explain each process of using the marketplace, it should be as easy as buy any goodies

Gold Rocket | Satoshi Club: you are planning to become the center of modern crypto art revival😁

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Personally I currently mint art on Rarible. It is extremely claustrophobic because there are SO MANY CREATORS on the platform! I make fairly simple pieces, nothing that would sell for Millions of 💲. Our platform will help small artists to stand out as well as providing a platform for experienced artists to shine even brighter! 💡

Andrés M. | Satoshi Club: Great news, personally I’m interested on it 😁

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Stay tuned for the “Trading Post” lol 🐴 NFTs should be for everyone. Not just for 🐳

Gold Rocket | Satoshi Club: Thank you very much for your answers and for what you are doing! This is incredible!🚀

Andrés M. | Satoshi Club: 👏👏 completely agree

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: This is so much fun! Love being here! 💕

Gold Rocket | Satoshi Club: We love you guys very much too ❤️

Krtklplz: This single idea is what drew me to the project to begin with…  Lowering the barrier for traders, for NFT artists, for buyers, sellers traders investors even communities.

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Put it on a T-SHIRT! 👕

Andrés M. | Satoshi Club: That’s the true freedom

Gold Rocket | Satoshi Club: I want this t-shirt too 😁

Andrés M. | Satoshi Club: Well we have the last question of the first part of the AMA, would you like to add something? 😃

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠:

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Just want

to shout out Crypto OG for making these!

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: Ready for the last ❓

Gold Rocket | Satoshi Club: They are great👍😁

Andrés M. | Satoshi Club: Great design👏 we need some of them for our community 😁

Q6 from Telegram User @yellowchamp

I see in your Dswap features that we can purchase eth through Visa Card Payment with the corresponding country currency and it is the first time I see for an Decentralized exchange to have this feature. So, aside from eth do you plan to add other currency to buy thru Visa Card Payment? Is this really safe to connect our bank account in your platform? How safe our bank account in your platform? Can you tell us the pros and cons or risk in connecting our Visa Card account in Dexkit swap? Thank you

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: So the “Buy Fiat” option is facilitated through the Transak App. Users can purchase any currencies that they support through our platform

João Campos | dexkit.com: On the DEX, you are able to buy directly any token that is supported by FIAT, besides ETH, we use Transak as our provider which is a Consensys backed company

Andrés M. | Satoshi Club: Thank you so much for your amazing an clear questions, I think our community enjoyed the first part as much as I do💪

Andrés M. | Satoshi Club:

Now is time for the second part of the AMA

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Wormz28

🔥🔥🔥🔥

HELLO 🤗👋

💚 Just recently, The DEXKIT team proudly announced the release of your KITDEX BETA Exchange. So what makes the KITDEX so magical and unique from other exchanges out there? Also what versions of the app is now available at the moment?

@Cryptojohnnyb @CryptoAndres @jcampos8 @Krtklplz @Strainz

🔥🔥🔥🔥

Krtklplz: Currently the App is in Beta release. What makes the DEX so amazing to me as a trader and a trading instructor/mentor in the space is the fact that smaller traders and investors can enter the market without the worry of high gas fees.

Q2 from Telegram User @AugusS7

Detail on your website that you have a high regard for the Satoshi community, which is Great, last year we enjoyed an AMA in November, and today and on 03/13 we will have more with you, but you really believe that Satoshi Club can play an important role in the success of Dexkit and in each of its updates? but how do you really see this community?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: I like this question, because I believe in the power of community. Projects need strong communities to be successful. Satoshi Club has gained a large following and maintain a very positive reputation. We Love our community and we want to welcome as many people as possible to experience our apps and benefit from what we are creating! #KITcrew 💪

Q3 from Telegram User @meml97

🧨 I noticed on your roadmap that on Q3 2021 you have “Add Multicurrency Support”, could you please tell us more about this point? What kind of multicurrency support do you exactly want to add to DexKit, when will we know more about it and why will you wait until Q3 to add it to your platform when multicurrency is a really important thing for users right now?

João Campos | dexkit.com: Multichain support is becoming a top priority asides the NFT, we on our last community live updates we discussed about adding Binance Smart Chain to our current Swap interface. Other chains like Avalanche, or L2 like Polygon are investigated. We definitely want to do it before stated on roadmap, our apps are being prepared to easily extend it to these other chains. Regarding token, we look at use bridges to don’t have a need to increase supply but maintain at current supply across all different chains

Q4 from Telegram User @smelekin

Last year we have seen many projects made a good startup but suddenly abandoned the project because they didn’t get enough profit from project. How can we be sure that you won’t abandon the project even the profit is low at start?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: We are COMMITTED to long term success. We give regular community updates on our YouTube channel (https://www.youtube.com/watch?v=LetomEEeXJc&t=960s) bi-weekly on Fridays at 22:00 UTC. We have regular promotions on social media and we take our responsibility as the team very seriously. We know that people have a choice in how they invest their hard earned ETH, and we KNOW that with our transparency, regular updates, and valuable tools we will be successful long term

Also every comment on each livestream is entered to win 30 KIT on the following livestream!

Q5 from Telegram User @alaskasb

You mention that the KIT token is also used as a vehicle for governance in the DEXKIT ecosystem. Could you explain to me how this token also has this incredible function and how it will allow users to send proposals and vote for features or changes in the platform?

João Campos | dexkit.com: Governance will be available on Dashboard that is still being built. The aim is create an easy way to community members present proposals outside of current roadmap and get it prioritize if that’s what the majority wants, we at the moment are following roadmap, but then to drive project aligned with community best interests, we will be creating a roadmap based on governance proposals to align incentives of token holdes with the team vision

Q6 from Telegram User @JoxesXIII

The representation of real assets through NFTs is something spectacular, however some think that some regulation is necessary, what do you think about the role of real assets on blockchain?

Strainz: We love the idea of real assets on the Blockchain. When it comes to development and our NFT platform we will be focusing on digital assets as that’s where the minds eye of the masses is and where we need to focus on improving the most. Great question!

Q7 from Telegram User @meml97

🧨 According to one of your latest articles 0x right know is the most efficient DEX Protocol on the Ethereum network, and as we know 0x is the engine that powers the DEXKIT toolKIT, so could you tell us how will this be benefitial not only for DEXKIT ToolKIT, but for all the DEXKIT ecosystem and for its users? With the most efficient DEX Protocol by your side what should we expect from DEXKIT?

🤠The CrYpTo Cowboy | 🚫WILL NEVER DM YOU FIRST🚫🤠: 0x is a HIGHLY UNDERRATED project that is the foundation of what we are building. The gas-efficiency that comes from using 0x routing technology is the best in the space. We know that people are tired of paying high fees, and DEXKIT is working to streamline, simplify, and increase profitability for experienced and new users. Our YouTube channel (https://www.youtube.com/channel/UC1R-ZwZQPP_C0sauNPmcX9A) will be a platform where users can learn more about using our apps as well as become more savvy about how Defi works. We are proud of what we are building and we know that the space will benefit from what we are building.

Q8 from Telegram User @Robotliker1

hello guys

@Cryptojohnnyb @CryptoAndres @jcampos8 @Krtklplz @Strainz

I felt difficult using DexKit and placing orders,For a beginner do you have any guide or tutorial video to use Dexkit and how it works?

João Campos | dexkit.com: DexKit exchange is intended for advanced users place limit orders and it follows an User interface similar to Coinbase Pro for that reason. We intend to release several videos how to use the exchange for beginners and pro traders, some difficulties for onboarding are more related to how decentralized exchanges works, like the need to approve each transaction and wait to ethereum network confirm, and the need to use wrapped ETH. But as long you have all the approve, placing limit orders are as easy as place limit orders on Coinbase pro

Q9 from Telegram User @BlancaSdF

DEXs are currently full of scams from fake tokens to worthless NFTs, how do you deal with this situation, do you have any curation or whitelist in mind for this?

João Campos | dexkit.com: Our NFT marketplace with wordpress integration is used to fight the NFT scam part. Regarding scam tokens, we are using the Coingecko list of tokens and we allow people to add tokens by contract address, as best pratice is always recommend on Coingecko and Coinmarketcap if the token is legit and not a duplicated scam. We on the UI we give these information, if token is on Coingecko and their link, and as well a project address and description on the question mark

Q10 from Telegram User @csgonub

Dexkit is still in test phase so when will you start the mainnet?

Strainz:

DexKit Aggregator and KIT token itself are both fully functioning and operational. The KITDEX is in Beta and NFT marketplace is in demo mode. You can test out the functionality of the Exchange and NFT Marketplace here

Exchange:
https://beta.exchange.dexkit.com/#/trade/

NFT Marketplace:
https://demo.nft.dexkit.com/#/marketplace

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of DexKit. They’ve prepared 4 questions for this part. The total reward pool for 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:

Telegram group: https://t.me/dexkit

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 Boson and our guest was Justin Banon – Co-founder of Boson Protocol. The AMA took place on 10 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 Boson! Welcome to Satoshi Club😀

D. | Satoshi Club:
Hello Satoshi Club! we are welcoming our today’s guest @JustinBanon! Welcome to Satoshi Club, good to have you here! 🤩

Mary | Satoshi Club:
@JustinBanon we are happy to see you here 😀

Justin Banon:
Hi everyone, Justin from Boson Protocol here.

Justin Banon:
Thanks @madamlobster

Mary | Satoshi Club:
How are you today, Justin?😀

Justin Banon:
Pretty good thanks. How are you?

D. | Satoshi Club:
Great! 🚀

Mary | Satoshi Club:
I am fantastic and very excited 😉 we want to know about Boson as much as possible 😀

So, let’s start 🚀?

Justin Banon:
Let’s do it!

D. | Satoshi Club:
@JustinBanon please introduce yourself and Boson Protocol 😃

Justin Banon:
Sure.
My name is Justin Banon. I am one of the Co-founders of Boson Protocol.

As MD, I previously built a $1Bn pa revenue platform (Priority Pass Group, grown from $50m), which represented physical products and services as digital vouchers and sold them to consumers and businesses globally.

This included global deals with CeFi giants such as Amex, Mastercard, Visa and over 1000+ banks worldwide. I am now bringing this experience to crypto with Boson Protocol.

D. | Satoshi Club:
Fantastic experience 👍

Mary | Satoshi Club:
Nice giants list😀 do you plan to continue to work with them as Boson?

Justin Banon:
One of the verticals we are developing is a crypto native rewards program- so yes.

In Blockchain, I had the privilege of working as a strategy consultant on great projects such as DexFreight, Centrifuge, MakerDAO, and Ocean Protocol.

Mary | Satoshi Club:

Justin, you always choose the best 😀

Justin Banon:
Hahaha, I try!

D. | Satoshi Club:
And what is Boson Protocol? what are you building? 😉

Justin Banon:
Boson Protocol itself is a foundational primitive for connecting smart contracts to real-world commerce.

By representing future commitments to trade as stateful NFT vouchers governed by a dynamic game mechanism, Boson eliminates intermediaries and minimizes arbitration cost and friction. We call this decentralized autonomous commerce.

Mary | Satoshi Club:
Sounds very interesting 😀

D. | Satoshi Club:
Yes, and a bit complicated 😄

Justin Banon:
Well, there is complexity under the hood, but for the users, our job is to make it easy…

Mary | Satoshi Club:
Sure! We will definitely understand how everything works after you answer all questions from our community. But

Before we are really interested in your upcoming events😀

As i know Sale is soon?😉

D. | Satoshi Club:
Token sale?👀

Justin Banon:
Yes, we have a token sale quite soon. We are about to release the date and more details…

Be sure to join our Telegram group t.me/bosonprotocol and follow us on Twitter for the latest
twitter.com/bosonprotocol

Mary | Satoshi Club:
Could you please give us a hint – this week, this month or this quarter?😀

D. | Satoshi Club:
👍 done!

Justin Banon:
Well, more than a week and less than a quarter.

D. | Satoshi Club:
Sounds like you want to participate 😉

😁👍

Mary | Satoshi Club:
I am shopogolic, you know😂

D. | Satoshi Club:
Thank you for the intro @JustinBanon! so I think it’s a good point to start the first part of AMA and find out more about Boson Protocol 😊

Justin Banon:
🆒

D. | Satoshi Club:
Let’s go!

Q1 from Telegram user @JesusFre1tes
Boson promises an Exchange of digital value for real-world products, services, or things. But, initially, what are the real-world assets that can be exchanged within your platform? Just as there are pairs of exchanges between tokens, will there be pairs of exchanges between real-world assets and digital assets? Will the ratio be 1:1? How will this process work?

Justin Banon:
The first thing that is important to address is that we’re not a platform – rather, we’re a protocol providing builders with the foundational pieces for the development of a multitude of decentralized commerce applications. So it’s unlikely that you will come into the “Boson Marketplace” to shop – rather, you will use marketplaces created by developers that join our ecosystem – or use the redemption of digital to physical functionality within some of our partner’s applications.

In our roadmap, we provide a glimpse into the future and the versions that we intend to ship – they progressively provide more functionality for certain use cases. Here’s the roadmap

With our first launch (v0.1) we will have a whitelist of accepted currencies for payments and deposits, but over time we will open this up to accept more tokens.
We have a world-class algorithmic game theorist Dr. Akaki Mamageishvili further designing the core exchange mechanism to make the exchange of any type of good or service practical.

Mary | Satoshi Club:
So, Mary wants to use your marketplace. Can you give me a simple example of its usage?

Justin Banon:
Well, the happy path for our exchange process is shown here.

Mary | Satoshi Club:
Very nice visualization 👍

Thank you for your answers, Justin!

Ready to proceed or you want to add something?

Justin Banon:

1. Seller Offers an item at a price P, with a deposit Ds as a commitment to delivering the item to agreed quality
2. Buyer sees Offer, likes it and so deposits payment P and a deposit Db as a commitment to go through with the transaction.
3. At the point of exchange Buyer signs a redemption trxn
4. Asset is transferred
5. Seller gets paid and deposits are returned – if both parties behave honestly.
   Any deviation from this happy path results in deposit slashing.

More formally, we say that: “subgame perfect equilibrium implementation corresponds to the honest behavior of both players.”

Here is the full game tree.

Mary | Satoshi Club:
Perfect system 👍

Justin Banon:
Not quite. It’s is an “evolving complex system with guardrails” according to our advisor Dr. Michael Zargham/ The system has escalated arbitration as well. All this is being designed by one of the world’s top algorithmic game theorists Dr. Akaki mamageishvili http://mamageishvili.info/

http://mamageishvili.info/

Mary | Satoshi Club:
Really cool!

I think we all need to check this site😉 even if someone isn’t so good in math

D. | Satoshi Club:
Thank you for the great answer @JustinBanon ! ready for the next question?

Justin Banon:
Yes!

Q2 from Telegram user @NSZR1
Currently, online shopping is one of the most popular ways to acquire certain goods, however, most people use credit cards linked to bank accounts or digital money such as PayPal, my question is, In what way is the service offered by Boson Protocol to make these online payments different and better for the buyer than traditional centralized methods, and how do you plan to convince users accustomed to using conventional methods that Boson protocol is a better option? is your goal to replace those methods, or coexist with them?

Justin Banon:
Well, I think payment methods are different from Boson.
If you think of an online commerce transaction, there are typically two intermediaries:

• a financial intermediary like PayPal or a credit card. Cryptocurrencies provide an alternative to them.
• a market intermediary like amazon or PayPal, Boson provides the infrastructure to build alternatives to them.

So we displace eCommerce intermediaries rather than payment methods. We will support bridges that will enable users to buy Boson NFT vouchers with credit cards if they want to…

D. | Satoshi Club:
With a credit card, it would be more convenient for most people 😄 at least now 😉

Mary | Satoshi Club:
And of course, $BOSON will be accepted as payment, right?

Justin Banon:
Well, the vast majority of people either don’t use crypto or use crypto but don’t manage keys. Of course, we will be supporting full Web3 and in fact, will launch into Web3 with NFT Art and gaming SDKs, but we will be building bridges for the masses to cross into de commerce.

Yes, of course, @BOSON will be accepted as payment, and if used for payment/ deposits then fees will be reduced. This encourages staking of $BOSON. In fact at full-scale Boson will be one of the largest pools of capital in DeFi. That’s why you can think of Boson as a DeFI protocol that farms liquidity via dcommerce services….

Mary | Satoshi Club:
Oh, that’s attractive

D. | Satoshi Club:
Are there will be many opportunities to earn ‘passive income’ from just holding $BOSON?

Justin Banon:
We are due to reveal staking mechsnism soon. We have ne of the strngest token engineering teams, who have developed a range of mechansims from passive staking to earning rewards from onboarding supply and curating high quality supply. Wtach-out for an article about to drop,…

Mary | Satoshi Club:
We are waiting 👀 for it! Thank you!

D. | Satoshi Club:
Great 👍

Mary | Satoshi Club:
Ready for the next question?

Justin Banon:
Yup

Q3 from Telegram user @KeymerS
You say that it is preferable to tokenize future transaction commitments, using stateful NFT vouchers, but how can you really tokenize “future commitments”, could you explain in more detail? And how would this take trading to another level?

Justin Banon:
We like to explain Commitment NFT’s as future contracts for any thing. Similar to how you make a commitment to buy or sell a standardized commodity with a futures contract a Commitment NFT represents the commitment to buy or sell a certain good at a future date, essentially tokenizing a future exchange.

The real big idea here is that by tokenizing these commitments to transact within a stateful commitment NFT embedded with game theory, we allow for minimized arbitration, which dramatically reduces cost and friction. That reduction of cost and friction allows for a step-change in the number of transactions, in the same way, that moving from letters to emails has created a step change in the amount of exchanged messages between parties. We believe that by decentralizing, minimizing arbitration, and freeing commerce from excess value extraction, commerce will be unleashed and new applications, use cases, and business models will emerge. Exciting times.

Mary | Satoshi Club:
Which fees will you have?

Justin Banon:
There will be minimally extractive fees for coordinating transactions. These fees feedback into the token model.

D. | Satoshi Club:
Very cool idea btw 👌

Mary | Satoshi Club:
Thanks, Justin!

Ready to proceed or you want to add something?

Justin Banon:
Ready to proceed!

Q4 from Telegram user @lzamg
It is known that the user’s information is not safe on the Internet. We’ve heard about big companies like Google or Facebook using our data without our knowledge for their own benefit. So how do you guarantee the users of Boson that their data is always safe and not being used for malicious purposes? Are users informed about what is their data used for?

Justin Banon:
We will be implementing decentralized identity systems that will provide cryptographically secure data protection.

Mary | Satoshi Club:
So, users will need to pass KYC?

Justin Banon:
KYC would be applied at the application level…

D. | Satoshi Club:
Got it 👌by the way, I have a little question which related to previous, so many people in crypto used to see NFTs in form of beautiful pictures or gif, your NFTs will look similar or there will have some different form?

Mary | Satoshi Club:
Will you develop your own decentralized identity system or you will use third party services?

Justin Banon:
NFTs are these unique digital objects. most currently are static. Our NFTs are stateful, so they change state depending on the moves of Buyers and Sellers. I think of them like little labyrinth maze games…

D. | Satoshi Club:
Wow, cool, awesome concept.

Mary | Satoshi Club:
👀

Justin Banon:
Ah. We have a lightweight ID system we are planning plus integration with others. Our overall philosophy is to foster a composable stack of interoperable protocols, rather than build a monolith ourselves…

Mary | Satoshi Club:
Gotcha! Thanks!

Ready to jump to the next question?

Justin Banon:
You bet!

D. | Satoshi Club:
Let’s go!

Q5 from Telegram user @sirdefi
I’m curious, how complicated would it be to migrate an online store offering digital products to Boson Protocol technology? Is the framework easy to implement for any business? Would it be very expensive?

Justin Banon:
We are building a full set of SDKs and APIs, as well as releasing (soon) our documentation and opening up the github repositories to the developer community to educate them and make the process of building on top of Boson Protocol as intuitive as possible.

Mary | Satoshi Club:
Did you already get some offers from online stores which want to migrate to Boson Protocol?

D. | Satoshi Club:
So your project will be open source?

Justin Banon:
The Boson Protocol itself will eventually become a DAO that is managed and governed by the community, in a completely open-source way so there aren’t licensing or “rent” fees to pay like you would to build a store on Shopify.

D. | Satoshi Club:
👍

Mary | Satoshi Club:
😀

Justin Banon:
Well, online stores are further down our roadmap. Our primary focus is creating crypto native rewards programs for crypto exchanges and crypto credit cards and we have lots of partners signed and coming through for these. We will be targeting dcommerce stores later…

Mary | Satoshi Club:
Gotcha! 👍 A lot of events ahead 🚀

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

Justin Banon:
Yes. Lots of traction and partnerships😅

Q6 from Telegram user @Wormz28
Just recently, Boson Protocol Joins Blockchain Game Alliance, an organization committed to promoting blockchain within the games industry. So what will BGA provides for individuals and companies and what opportunities it will give to accelerate the fulfillment of your vision? Also are there more other reasons why you become part of BGA?

Justin Banon:
We have identified gaming as an important vertical for us to explore, particularly around the digital to physical redemption feature that we are implementing.
We’ve partnered with a number of projects that will power the metaverse such as Crucible, Royale Finance, and more to come
Imagine finding a rare rune or in-game item and being able to receive a real-life version of that,
There is a large market demand for this and our presence within the BGA will help us plug directly into this space and accelerate our growth and partnerships. We have some big announcements coming out very soon

Mary | Satoshi Club:
Yes, real items attract!

Satoshiclubbers, follow Bison’s news! Sure we will get more very soon!

Part 2 — live questions from the Telegram community

Q1 from Telegram user @jirencrypto
Is Boston protocol intended only for digital value exchange, and is there no possibility of scaling up to physical product exchange?

Justin Banon:
I think you are mistaken. Boson exchanges digital value for physical things…

Q2 from Telegram user @tuvalunia
What kind of apps can be built on Boson?

Justin Banon:

Q3 from Telegram user @KhaleesiTheCryptoLady
What are crypto native rewards programs you are planning to develop? Is this exclusively for Boson NFT holders or for any type of NFTs?

Justin Banon:
https://www.niftykey.com/

Q4 from Telegram user @warny
Can you tell us about the BOSON Protocol Governance Design Principles and how it operates?

Justin Banon:
https://medium.com/bosonprotocol/governance-design-principles-c7565492512

Q5 from Telegram user @highpee
I have read your explanation on how the idea of the commitment NFT will be implemented and I think it’s a great introduction. I just want to ask this: Are the COMMITMENT NFTs different from STATEFUL NFT vouchers or these are just referring to the same thing?

Justin Banon:
They are the same.

Q6 from Telegram user @AugusS7
Do you mention that Boson allows smart contracts to exchange digital value for physical products and services with “minimal arbitrage”, but is arbitrage really necessary in these trades? If necessary, then why do I reduce it so much?

Justin Banon:
Our game-theoretic mechanism minimizes the need for human arbitration, but for some cases, this may be needed. Then we will enable escalation to a human arbitrator. See the article here by Dr. Akkai our game theorist https://scholar.google.com/citations?user=gJzpDuAAAAAJ&hl=en

Q7 from Telegram user @Indomiekuy
I see that Boson Protocol is a solid and good project, you also already have main product commerce. May I know what must I do if I want to do an investment with Boson Protocol? Did you have a Public Sale for Boson Token?

Justin Banon:
We have just announced our pubic sale, details on our website www.bosonprotocol.io

Q8 from Telegram user @Astonroe
Recently many projects got hacked and users lost their funds. Can you tell us about your platform security? Have you done any audit via any third party?

Justin Banon:
Yes, we are having our smart contracts externally audited and have just passed these audits- post to follow this week. We have a very strong protocol design team with a background / PhD in security – Dr. Anish Mohammed https://www.youtube.com/watch?v=cs9O_aPMeGg

Q9 from Telegram user @Antoni_azx
Boson functions can be extrapolated to many fields including machine-to-machine commerce, is it possible to get a bigger scope like government functions or just for the daily life of physical world finances?

Justin Banon:
Well, actually Boson is a highly generic means of committing anonymous parties to a promise. So commerce is just a very useful subset of the use cases…

Q10 from Telegram user @Emmie971
Is it possible for Community members to contribute to the Boson Protocol Project actively? How?

Justin Banon:
Yes. Please join our telegram here: https://t.me/bosonprotocol
We are also about to launch a dcommerce stack development community so watch out for that…

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:
Boson Telegram community:  https://t.me/bosonprotocol
Twitter:  https://twitter.com/BosonProtocol

We are pleased to announce our next AMA on March 24th 2021 at 02:00 PM UTC Time: Satoshi Club x Tidal

⚠️Click to see the hour
⚠️Total Reward pool: $800

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

Part 3: 300$ – A quiz about Tidal

For more details:
Tidal – @TidalGlobal
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on March 15th, 2021 at 02:00 PM UTC Time: Satoshi Club x NEXT.chain

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

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

Part 3: 300$ – A quiz about NEXT.chain

For more details:
NEXT.chain – @nextchain
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish