We are pleased to announce our next AMA on April 27th 2021 at 11:00 AM UTC Time: Satoshi Club x BlackHole Protocol
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join BlackHole Protocol Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. BlackHole Protocol Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about BlackHole Protocol
For more details:
BlackHole Protocol Website – blackhole.black
BlackHole Protocol Telegram – @BlackholeProtocolOfficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What are the key differentiators for Blackhole protocol? How does Blackhole protocol plan to earn revenue from your current model?
You announced that your IDO is scheduled on Bounce on April 28. Nowadays, whitelist spots are getting harder to enter as the lottery system is not exactly open or clear. I read that only 200 addresses will be whitelisted and out of this, only 100 users will be able to make actual purchase from Bounce. How will the 100 users be selected out of the 200 whitelisted address and what are your whitelist requirements? ? Will there be maximum buy per user? In addition, the link to the whitelist form in the Medium publication is always showing error. Can you please provide a direct link to the form?
Blackhole has strong backers and partnerships including NGC Ventures, Crypto Times, Au21 Capital, Helmet, ChainSwap, Gate.io, MXC and more. What are the main purposes of these partnerships and what are the goals that will bring to the ecosystem. Also what are the benefits these companies gets from the Blackhole project and how users can benefit from these partnerships?
You said that when a user hold X token and Black’s liquidity, they can create black hole burn pool without a license and invest new token Y to incentive the burn. I am trying to digest this but it appears somewhat too technical for basic understanding. Can you throw more light on this? By X tokens, do you mean $BLACK or any token? Also, after creating the black hole burn pool, what is the essence of investing another token named Y into the pool or does this process mean staking token Y into the created pool? How will the burn pool reward be designed or maintained if these pools can be created indiscriminately without license?
As I see you have 6 IEO’s on both decentralized and centralized exchanges on Helmet, WeStarter, Bounce, Gate.io, MXC and MDEX. I think this will bring huge impact on the project. How many tokens total are you going to sell on this these IEO’s and what are your expectations about the fund raising? Can you share the details of these public sales especially touching the whitelisting requirements?
Burning is a common practice implemented by projects to ensure a deflationary supply of Fungible tokens. However, as part of your plan for Q4 of this year, you have planned a technical innovation which will provide support for NFT reward burn. Can NFTs be burned? What role will NFTs play in the BlackHole Protocol and what do you mean by “tight timing” which you said will allow you to support NFTs reward burning?
What new projects do you plan to do in 2021?
What are your goals for 2021?
What goals do you want to meet?
How is BlackHole supported?
Who makes up your team to guarantee trust?
What security methods do you use?
What progress has BlackHole made since it started until now?
What benefits do your customers get from using your platform?
Is this platform secure?
Is the BlackHole platform for business use?
What benefits can it bring you?
Is this platform a good way to invest?
The BlackHole protocol is based on the Ethereum network, and you say it extends to other blockchains, what does this mean? Will users be able to trade other blockchains on BlackHole? Is the Ethereum network the main one of BlackHole? Also, I would like to know what led you to choose the Ethereum network to develop BlackHole. Currently Ethereum has a lot of traffic on the network which causes that the transactions in the cryptocurrency network have increased significantly, and with them the commissions. Does this affect you in any way? How? Are you waiting for the release of Ethereum 2.0?
On your website you say that anyone in the project could create a burning pool with an approval-free invocation contract that can be infiltrated into any Defi project which need burning incentive. What does this mean? The truth is that I had not heard of the “invocation contract”, can you explain in more detail what they are and how they work?
The community as always plays a very important role in the projects, I would like to know if you currently have governance in BlackHole. I was reading your roadmap and saw that in Q3 you will launch Governance 1.0 and in Q4 you will launch Governance 2.0. Can you explain what the BlackHole governance 1.0 functions are going to be and what will it bring again with governance 2.0?
If you look at the Blackburn road map, in Q2 this B-Pair Burning Pool should have been launched. Are there any problems with the B-Pair system?
Why does the Blackburn platform focus on burning tokens?
How about creating liquidity?
the world economy is being shaken by the pandemic 1 year ago. Is this the right time to launch an investment platform like Blackburn at a time like this?
The center of the Blackhole Protocol is its native token $BLACK, can you give us a little summary about this token? Which are its uses cases?
Can you please tell us about your $BLACK whitelist, what steps we must follow to apply, how many places are available and how will the selection method be?
I read that you have a Recruitment Plan for global ambassadors, can you please tell us a little about this, what are the requirements to be fulfilled in order to apply, what would be the functions that we would have in case of being selected and of course what benefits an ambassador of BlackHole?
In the last few days BlackHole has made a series of strategic partnerships, can you tell us a little about this, how do you select your partners and how many more partnerships can we expect for this year?
According to your website, your dapp will be released soon. Firstly, do you have any testnet dapp which we can use and give remarks before the release of the mainnet, can you also give us a specific released date, what are the special benefits we should expect in your dapp when released. Do you plan to include cross chain transactions on your dapp and what are the wallet we should expect on your dapp for connection.
There is something you called “ecological reconfiguration” in your website, you said that it will help deflate the price of your token after the inflation occurs at the launch. Firstly i will like to know if black token is a deflationary token, how do you plan to use ecological reconfiguration. Can you please explain the process it will take that it will not affect investor and adopters of your token.
According to your lite paper, the only rewards given to stakers is the subsequently activeness to participate in the governance. Please i will like to know if there are more rewards like (annual percentage yield) when they stake a certain amount of your token.
Blackhole protocol is said to be originated from ethereum network, do you have plans to spread your wings across other blockchain networks in the crypto ecosystem. What are the blockchain network you will like to include in your ecosystem as time goes on.
There is something you called approval free burning in your platform, i know about burning a token but you up your game by giving anyone in your protocols the advantage to carry on the burning themselves. I will like to know the people that qualifies to be in your protocol, are they token holders or you must acquire a certain amount of token before you can burn. What are the rules/steps you must follow before your burn must be approved, are they not hectic and tiring.
You plan to implement NFT concept with cross chain system, there is also another thing i noticed called the “cross chain burning”. What is cross chain burning and how do you plan to achieve this. How does the cross chain burning help your token value.
In your roadmap it is settled that 2 governance versions will be launched in quarter 3 and quarter 4 of 2021, how will be the first version, when will the community be able to have governance power, and how much of the platform will be community driven?
In your roadmap it says that in the quarter 3 the cross chain burning program will be enabled, which blockchains will be included in this first version?
One of the resources that is most mentioned by BlackHole is that its protocol is an innovator of the perpetual deflationary blockchain ecosystem, what are those products or use cases that generate an emphasis of innovation on the image of the BlackHole protocol?
When I entered the BlackHole website the first thing I read was “a decentralized combustion protocol”, what do you mean by a Combustion Protocol and what benefits does this feature bring to the development of the platform?
Your project is about a decentralized combustion protocol and the name of the token is Black Hole, how does a combustion protocol represent or refer to this peculiar name and where does the idea of Black Hole come from?
Your burning system incentivize so much the creation of new holder wallets, but apart of have a continuous growing, which other uses has the $BLACK token?
I read that within BlackHole Protocol you can create a group of black hole burns without a license, what licenses are these that are established in the burns and why your platform does not use them? Is there an advantage for the community by not having that license?
On your website it says that one of the missions of BlackHole Protocol is to encourage burning to generate greater value for BlackHole, what events or actions can encourage this burning and why does BlackHole place so much emphasis on this area?
In the BlackHole Protocol roadmap, a “strategic investment” appears within phase 2. What is the area of BlackHole Protocol that requires an investment fund to carry out a new development and how will you carry out this activity?
To be honest the “Burning Mechanism” is not something really new, so many projects do the same, so can you tell us why are you special in comparision with others? What have your burning mechanism that cannot be found in other places?
I just realized that this 28th Black hole will have a TRIPLE SALE event, on Gate Exchange, MXC Exchanges and WeStarter, so why did you chose conduct this in 3 different places at the same time? Why not one by one?
BlackHole Protocol has established in one of its objectives the development of Governance V1.0, what changes or additional functions will be added in this new update and what errors or deficiencies will be corrected once this objective is achieved?
crosschains generally need the implementation of a burning protocol, and I have seen that your protocol has raised this idea, what will happen to the burning of crosschains in your protocol and how essential is this concept to BlackHole?
I have seen in your road map that they will integrate the “Launch of the burning pool B-pair” but they do not indicate the location of this pool, have you considered making this pool in PancakeSwap? What terms will your work team take into consideration to make this pool?
I was researching on your website and a statement appears on the top right that says “Dapp Coming Soon”, I would like you to tell us a little about this, is it a Dapp in Polkadot? I also want to take the opportunity to ask you if you plan to announce strategic partnerships soon as well as your recent partnerships with big names like Nuls or Bounce Finance. Thank you.
If I’m not mistaken, you are currently in Q2-2021 on the project roadmap, for this period of time you have several goals, I would like to know which of them you have completed and which one you are focusing on right now. Finally, do you have plans already planned for 2022? Do you have a roadmap for next year?
There are several reasons why projects include burning tokens in it, either to increase the value of the coin, maintain a stable value of the token or also as an airdrop because the value of the holders’ tokens of the community increases. What is the reason why BlackHole implements token burning? What are all the benefits of token burning at BlackHole?
BlackHole Protocol is associated with some exchanges such as MXC and Gate.io, but in your roadmap there is no association with a new exchange, what about exchanges such as Binance, OKEx, Huobi, KuCoin? Won’t there be any listing moves this year for BlackHole? What are your expansion plans?
in the upper left corner of your website it says “Dapp Coming Soon”, but there are no attached links or information on this, is BlackHole Protocol going to get into the Dapp business? Is there any native Dapp in development by BlackHole Protocol?
On your Medium page there is an article about a recruitment or ambassador plan and according to what I read, everything is focused around DeFi, what will be the objective of these ambassadors (in addition to the evangelization of the project) around DeFi developments?
As we well know they have created a white list to give users an opportunity to access their IDO, what benefits would this bring to black hole protocol and users apart from accessing their IDO?
I read about the mathematical deflation model that ‘After 15 deflationary cycles, the tokens will be left less than 5%, and the the value of the token will increase infinitely with the deflationary cycle. How long does it take every cycle? and what is the lapse time between each one? If we talk about a reduction of 5%, how often will be the burning?
If partners could get free services pf Black protocol, what are these free services? For how long could they enjoy it? Forever or only at the beginning of the partnership? By the way, what are your main and powerful partnerships in your ecosystem?
Regarding your roadmap it says that you will support NFT reward burning on Q4 2021. It seems interesting to me because i haven’t listened about to NFT burning, how will be this? the same mathematical model for the token? Or will you apply other different?
Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to Your platform and keep them long term?
BlackHole has an ambassador program. If I want to be part of this program, what steps should I follow in order not to fail?
Can you explain to us how BlackHole agriculture works and how it manages to obtain income to keep the project sustainable?
What are the fundamental technical characteristics that will allow the Black Hole protocol to be functional over time and that guarantee that the participants always have rewards for using it?
Could you really explain to us the operation and durability of each “deflationary cycle”? And also, why wait up to 15 cycles for them to guarantee that the value of the tokens increases considerably?
If really the BlackHole project focuses on a deflationary method, in which they implement a combustion mechanism, but at the same time they want to use the NFT tokens as a technical innovation, in so many, could you really explain how the two are related? And how beneficial can NFT technical innovation be in this deflationary method?
WHAT PROJECTS, PLATFORMS AND ENTITIES IN THE CRYPTOSPACE SUPPORT BLACK HOLE PROTOCOL AND HOW DO BOTH PARTIES BENEFIT FROM THIS SUPPORT?
You point out that originally Black is developed in the Eth network and that they will gradually expand to other Blockchains, but how “gradual” does it really think it is? How long does it approximate to have the other network?
WHO ARE THE MAIN PARTNERS OF BLACK HOLE PROTOCOL AND WHAT ARE SOME OF THE MAIN ADVANTAGES OF HAVING SUCH PARTNERS?
In a few days they have achieved three different associations, but could you really tell us a little more about them? are they really indispensable to the scalability of Black Hole?
If really the mechanisms of fraud with high% of burn are so beneficial, then why do not the most recognized projects use these mechanisms? Or is it that these are beneficial for new projects, which could increase their value quickly?
ON WHICH DEX AND CEX EXCHANGES IS THE BLACK HOLE PROTOCOL $BALCK TOKEN CURRENTLY INTERCHANGEABLE AND WITH WHICH PAIRS IS IT INTERCHANGEABLE?
I could read on your Medium blog that you place a lot of value on “huge damage” as this represents an opportunity for resurgence and further growth, but is this phrase really totally literal? Or is it based solely on your burnout system and not on major market downturns?
You talk a lot about New tokens and old tokens in your burning mechanism, but do these “new tokens” really represent tokens that have not been released on the market? or does it really refer to an exchange of a tokens x to one y that you want through a pool?
Many projects on a daily basis promise great utilities and functionalities, but they end up throwing the carpet days after the presale, how do you really know that Black Hole will not throw the carpet? What guarantee do investors have?
BlackHole Protocol’s burning mechanism typically involves the developer releasing new tokens via a contract address and investors or institutions sending old tokens to that contract address thereby creating a burning pool so as to burn them, which causes a transfer of the value of burnt old tokens to the new tokens which investors then receive as new tokens with a new value. With that been said, what classifies a token as an old token, also if the value of the old tokens are typically transfered to new tokens why burn them, and how does the process effectively increase token value?
Blackhole Protocol is designed with NFT concept and cross-chain support and as time progresses, Blackhole Protocol will start NFT rewards and cross-chain burning, making a solid foundation for penetrating a wider and larger ecosystem. Will these NFTs so issued, be transferable across chains and will the minting/creation process of the NFTs also follow same burning process of new token creations and what will be the intecrate value of the NFT so created?
You claim that Black Token have a special burning system that follows the geometrical progression convergence model that different with other burn system, could you tell us and explain about ‘geometrical progression convergence model’? In simple way, how does your burn system work for black token?
I read from your roadmap on 2021 this year, you will support reward burning for NFT, is that mean we can burn NFT to get reward? Can you explain more detail about this feature? And also which NFT are use for burning, is it possible to use from other project NFT or only available for Blackhole’s NFT?
After I went to the “Blackhole.black” site and read it!
there I found the system “Governance token scheme” and also “Roadmap” there is also a scheme Below it.
Can you explain what the schema means and how it works?
Hi BlackHole!
BlackHole protocol will be able to destroy the LPT ownership and retain belongingless liquidity in the pool. This sounds like a perfect laundering machine 🙂 Will you hold logs of deleted ownership in case it needs to be tracked in the future?
Hi BlackHole!
What new token will users get during burning in your pool, will it be a BlackHole token? How will these newly minted tokens get value if users burn worthless tokens from scam projects?
Hi BlackHole!
Since BlackToken will be deflationary does it mean the burning process in your pool will be more and more expensive as time goes by? Will it not disincentivize users from using the BlackHole project?
I understand that Blackhole project is an approval free decentralized & cross chain burning protocol, could you explain how is the beginning story and idea the project build for first time? What do you want to reach by create this project and what will this project become in the future?
I see that user or project can use your service to create burning pool and create a new token from that pool, what is the requirement to create a burning pool? Do we need to buy and use $Black token if we want to create a burning pool?
One of the interesting and unique features of Black Protocol is approval of free cross chain burning platform based on etherum network.How many BLACK tokens should holder hold to create a burning pool and who can participate in it? You also plan to spread in other blockchains like Polkadot,BSC,HECO and eventually in whole blockchain? Do you have any overview of roadmap for it?
What is the strategy used by you Project to attract new users and investors and keep them in the long term?
What is you strongest advantage that you think will make your team leading the market? and In contrast, what is your weakness? How do you plan to overcome it?
What is you advantage over other projects? Is it from a security point of view or the technology you are using? Or are there other advantages? What makes you believe that your project is worth choosing?
What are the benefits of Blackhole Protocol?
There is lot of new blockchain games outside keep coming, what your strategies to make player loyal to play on your games?
What are the main income generated method of BlackHole protocol?
How is the current financial situation of BlackHole protocol?
What are the benefits that you give for the investors?