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Traveling around the Metaverse, you do not know what miracles await you on the new planet. But we are familiar with the guys who can definitely reveal these secrets to us… We were delighted to welcome our guests from Alien Worlds. The AMA took place on April 12th, 2021 and our guests were @mortyAW @REEEHEEE.
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
D. Папа Роуч: hello all! we are starting AMA with Alien Worlds! our guests today
are @mortyAW and @REEEHEEE ! hello guys! nice to see Alien Worlds again in
Satoshi Club! 😇
Gold Rocket | Satoshi Club: Our guests are @mortyAW @REEEHEEE!
REEEHEEE: well,
lets go 🔥
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @mortyAW @REEEHEEE!😀
REEEHEEE: nice
to meet y’all
Morty – Alien Worlds : Thank
you. Always nice to be among the most
enthusiastic bunch in the crypto space. We can’t thank you enough for your
support
Gold Rocket | Satoshi Club: We know you brought a lot of news from Alien Worlds …
To warm up, tell us about yourself. Just small intro ..
Маry Satoshi CLUB: Hello, guys! I am here just for one second to tell that we are very
happy to see you here😍😍😍
Always happy!
REEEHEEE: it’s
so lovely, thank you a lot 🙏
Morty – Alien Worlds : @REEEHEEE
and I are very excited to be here.
REEEHEEE: haha I love you my friend
Gold Rocket | Satoshi Club: And we all adore and admire alien worlds! ❤️😁
Morty – Alien Worlds : My
name is Pramod. I go by the name Morty in many crypto groups on discord and
telegram.
I am a game designer by profession and a graphic artist.
I’ve been a part of the Alien Worlds team right from it’s
inception.
My past experiences have
been in designing rules, levels and economies for mobile and pc games. My contributions to the game has been mainly in
the area of design, creating NFT art and managing a team of external developers
to ensure product delivery on time, also looking into some admin stuff now.
Happy to be here to share more exciting news from the Alien Worlds
metaverse.
Gold Rocket | Satoshi Club: You are in a fan club😁
REEEHEEE: Yap
sure thing, I am the Alien Worlds community manager, I’m helping the team, the
community and other people out if they need help in understanding specific
parts and/or mechanics of the game. I’m myself a student in the last year that
has a passion for blockchain games haha
D. Папа Роуч: we know you have plenty of news 😊😉
Morty – Alien Worlds : And
that’s what we are here for to share all the great stuff we are building
REEEHEEE: I
mean the amount of people flowing in… that flood of people, omg every single
number doubled, tripled, quadrrupled and quintupled
D. Папа Роуч: yes, this is insane 😄
Gold Rocket | Satoshi Club: I look at this graph and it flies into space!
Morty – Alien Worlds : So
happy to see everyone getting so excited about the project.
REEEHEEE: To
the moon indeed 😂that 90 degree angle right there
Morty – Alien Worlds : Right
where it belongs.
D. Папа Роуч: im soo proud and happy to be one of the early birds in Alien Worlds
Universe 😄
REEEHEEE: 500
years in crypto time now
Morty – Alien Worlds : There
is an image that has been circulating in our social media and I am so surprised no one noticed a fine detail in
it and asked questions about it yet. I am very excited to share that here with
you all.
Gold Rocket | Satoshi Club: 😁 Great introduction! Ready for community questions or do you have
anything else to add?🚀
REEEHEEE: I am smelling something… great
Morty – Alien Worlds : I
bet you are, sir
REEEHEEE: hahahaha
Gold Rocket | Satoshi Club: What is this👀
Morty – Alien Worlds :
I’ll drop it here
D. Папа Роуч: there is something behind the male human 👀
REEEHEEE: I
am sure I noticed it but I didn’t say anything, but maybe my imagination just
went through with me who knows 😂
Gold Rocket | Satoshi Club: Can you give a hint? I’m
intrigued😁
Morty – Alien Worlds : oooh,
what could it be. haha
D. Папа Роуч: time dilater also! i just see this image first time!
REEEHEEE: who knows, maybe missions, maybe quests, maybe
artifacts who knows?
Morty – Alien Worlds : I
will leave it to you guys to keep guessing and towards the end we can have a
short chat about it
REEEHEEE: literally
could be everything 😂
D. Папа Роуч: deal!
Gold Rocket | Satoshi Club: great! I’m looking forward to the announcement😁
D. Папа Роуч: thank you for the fantastic intro guys! i think now we are ready
for community questions? 😇
REEEHEEE: sure
thing, I am ready 🔥
Morty – Alien Worlds : Not
going to announce anything but just some exclusive early reveal for our
favorite community.
Gold Rocket | Satoshi Club: Let’s start!🚀😁
REEEHEEE: some
great hints 😀
Morty – Alien Worlds : Yes. LFG!!!!
Gold Rocket | Satoshi Club: Intrigue builds up😁
Q1 from Telegram user @garrinepotter
The launch of the teleport for the BSC and ERC-20 networks opens up
unlimited opportunities for the TLM token, such as profitability pools and
listings on the most popular DEX. But what will happen to the token on the
WAX blockchain? From tomorrow, the
Alcor exchange will not match the project level. Please answer to the
community, will trading on Alcor resume on April 13, or should we wait for
Kucoin or Huobi?
D. Папа Роуч: quite hot topic 😄
REEEHEEE: what
a tricky question, if we only knew, from what i know alcor will remain doing
what they are doing obviously. But if we knew what would happen we all would be
multi millionaires
D. Папа Роуч: that’s right 😉
now i regret to sold a bunch of my tools, if i just
knew…haahha
REEEHEEE: WAX
is also a beloved currency in the alien worlds community and we think people
still would love to have alcor around just for that sweet WAX they need for
NFTs on atomichub 😀
Gold Rocket | Satoshi Club: yes, questions can be damn unexpected, but burning😁🔥
Morty – Alien Worlds : Great
question.
We don’t have any official arrangements with any other exchanges,
just with Binance. I’d advise everyone
to exercise caution when trading TLM on other exchanges except Binance when the
trading goes live.
We are going to set a min limit of 100 TLM for the teleport bridge,
Alcor in that case will be the hub for people trying to trade less than 100
TLM.
The tokens holds the same value across all chains. 1 TLM = 1 TLM
across all blockchains
REEEHEEE: I
also sold some tools and the next day the drills went up like 6000% 😂
Gold Rocket | Satoshi Club: Yes you are right 🍯
Wtf.. hooodl😁
D. Папа Роуч: so teleport will be active tomorrow no matter what?
REEEHEEE: I
gave away so many drills, urgh, but they are in good hands now
D. Папа Роуч: exactly! lol but at least i bought a small army of minions and
weapons long time ago 😁
Morty – Alien Worlds : Teleport
will go live tomorrow an official announcement will be made before the Teleport
site goes live. So stay tuned to our announcement channels, twitter and medium.
D. Папа Роуч: hell yeah!
Gold Rocket | Satoshi Club: to be honest me too😉
D. Папа Роуч: thank you guys for answers! ready for the next question?
REEEHEEE: yup
Morty – Alien Worlds : Yes!
Q2
from Telegram user @AmirJosh
We’ve been mining $TLM since December but there is no clear information
about to when users can finally utilize their weapons and their minions into
battle. Can you give us updates on Thunderdome’s development? Or can we use
weapons and minions when exploring Planet Binance?
D. Папа Роуч: another hot topic🤣
REEEHEEE: You
obviously will be able to use your weapons and minions in the thunderdome, but
while mining, exploring? That could be interesting actually.
D. Папа Роуч: interesting idea 😉
so about planet binance…will there be another land
packs sale for this planet?
REEEHEEE: I
am also really hyped to use my abundant minons and weapons to battle these damn
storm giants, I’ll probably lose but well 😂lets
have fun, I just attack with 100 of them at the same time
Gold Rocket | Satoshi Club: I read that the planet Binance is a gas giant . what can we mine
there if there is not even land there
REEEHEEE: Simply
said: It is a “landless” planet
Gold Rocket | Satoshi Club: Like Jupiter?
D. Папа Роуч: hahaah. it’s a planet for the missions as i undestand?
REEEHEEE: Something
around that indeed, if my own understanding doesn’t fail me now. but you probably
won’t be able to mine on it as it is simply landless
D. Папа Роуч: probably 🤔
Morty – Alien Worlds : Of
course this is the most awaited feature of Alien Worlds and we are working
relentlessly to deliver the best blockchain fighting game experience to our
users. We have a lot going on with respect to a new UI, which will be a
complete overhaul from the old Ui
We have all the logical designs there as you can see in our
Fighting game medium post
We need to get the fight
logic working in a determinist way and we need to get this linked up with the
new UI redesign as well.
Binance planet which is a “gas planet” (landless) and it’s function will be to accrue Trilium.
Fighting game won’t have the
concept of planets as far as I understand and Thunder Dome is one of the many
games we may have within the Alien Worlds Metaverse.
I don’t have any dates to
give out yet but from what I’ve seen within the team these work streams
are progressing fairly good and we will
be able to reveal something soon.
Gold Rocket | Satoshi Club: It’s a mystery😁
We look forward to releasing🚀
REEEHEEE: I
wonder what people would get by mining on an gas planet, maybe gas? with gas
pumps? 😂
but no not that I knew
Gold Rocket | Satoshi Club: Lol😁
Morty – Alien Worlds : Haha.
Maybe the concept of land
will be replaced by space stations
D. Папа Роуч: cool! 👍 thank you! i have another small question regarding land – can you
tell us how many packs with lands opened at the moment? how many lands in
‘circulation’?
Morty – Alien Worlds : Who
knows. It is still at very early stage.
REEEHEEE: ohhhhh. ideas, concepts … it all is coming
together
Morty – Alien Worlds : You
can see all the number of packs that’ve been opened on this account.
https://wax.bloks.io/account/open.worlds
Morty – Alien Worlds : 2879
land packs have been opened so far
D. Папа Роуч: thanks! important info for new people in game 😇 😉
and big thanks for answers! ready for the third
question?
REEEHEEE: i
am ready indeed 👌
D. Папа Роуч: but what about Morty? 👀
Morty – Alien Worlds : yes,
sir!
D. Папа Роуч: let’s gooooo
Q3 from Telegram user @igervacio
I read that it is possible to carry out elections and voting on the
planets through Trillium. Are these votes programmed and carried out by the
Alien Words team or do the users themselves propose ideas of governance within
their own planets?
REEEHEEE: They
propose their own ideas.
They vote for each other, they have different plans for different
planets.
Even I am going for governance 😅
Gold Rocket | Satoshi Club: It’s a really cool feature of the metaverse… on which planet?
REEEHEEE: Eyeke. My plans for
example are beyond everyones understanding (tbh I do not have a plan yet)
Gold Rocket | Satoshi Club: I will vote for you😁
REEEHEEE: hahaha,
I do not have a plan tho, other people are thinking and writing scripts and
slogans
Gold Rocket | Satoshi Club: I think I like a plan without a plan 😁
D. Папа Роуч: me as well!
REEEHEEE: it’s
insane how well engaged they are
D. Папа Роуч: i have land on eyeke. and to be able to vote for candidate
people should stake their trillium on particular planet? right?
REEEHEEE: simple
and flexible 😂
Yes indeed
Gold Rocket | Satoshi Club: You don’t understand how it pulls us in😁
Morty – Alien Worlds : The Federation job here will be to keep an eye
of the metaverse and to step if there are any malpractices or exploits. The
Councilors will run the planets as their tokens holders wish to.
REEEHEEE: Lets
say the people that get voted are going to have “some” powers
Morty – Alien Worlds : yes,
you to be able to vote you need to have
your TLM staked to the planet. You get 1 token 1 vote.
D. Папа Роуч: wow, i didn’t know about that 1 token = 1 vote hmm got it!
Gold Rocket | Satoshi Club: Good hint👍
Маry Satoshi CLUB: Guys, sorry) me again) Who will govern Binance planet?
REEEHEEE: obviously
also me who else, joking 😂
Маry Satoshi CLUB: Ahaha😂
REEEHEEE: i
do not know if voting on that one will be available tho
REEEHEEE: because
what would be the token? BNB? 😂
Маry Satoshi CLUB: Thank you 😀 i will hide again 😂
Morty – Alien Worlds : Binance
planet will also have the similar DAO like structure, the token holders staking
to binance planet will be able to elect their planet councilors.
Маry Satoshi CLUB: Ohhhh… Is it a hint?😂
REEEHEEE: Ohh
see, that is crazy 😂
D. Папа Роуч: nice
REEEHEEE: I
wonder what the name of the token would be
REEEHEEE: $satoshi
maybe?
Gold Rocket | Satoshi Club: Thanks! what you say excites my imagination😁
D. Папа Роуч: on binance? SAFU
Gold Rocket | Satoshi Club: great idea😁
Morty – Alien Worlds : Haha
I like SAFU token
REEEHEEE: haha
D. Папа Роуч: 🙌 appreciate for the answers guys! let’s move onto the next
question?
REEEHEEE: lets
go ahead 😀
Q4 from Telegram User @Winner_don
There is a feature -Shining mechanism that allows gamers to shine
up lower level items from stone through to gold, stardust. What is shining
mechanism all about? what benefit do i stand to gain for shining my items? will
i pay for shining?
D. Папа Роуч: lots of people know about this, and lots of new folks don’t 😉
REEEHEEE: You
can shine 4 of the same NFTs with the same shining level together to get the
same NFT with a higher shine (like 4x stone -> 1x gold)
That process takes a little TLM also.
But you get a shined better looking NFT back with some boosted
stats
REEEHEEE: i
might have a little graphic for that
Morty – Alien Worlds : Shining
is where you combine 4 identical NFTs to
improve their stats and it also enhances their appearance.
There are 4 tiers of shines, stone, gold, stardust and antimatter.
Abundant cards can be shined only up to gold, Common can be shined
up to stardust and Rare and above can go
all the way to antimatter.
REEEHEEE:
D. Папа Роуч: graphs are always good 👌
D. Папа Роуч: by the way we already can shine avatars, so can you give us some information
(hints) about the future functions of avatars in game? do you already have any
ideas how they will be use?
Gold Rocket | Satoshi Club: I used a lot of tlm for shining.. And I couldn’t stop… 🙈It was so beautiful 😁
Morty – Alien Worlds : Shined
cards can be very useful in a competitive environment. Some time one may feel
like shining would just give them a small boost. This small boost can go miles in terms of scoring an NFT while mining
or getting a higher mining power, better charge times and difficulty reduction
for mining TLM. Also, shined cards preserve the previous mint numbers of the cards burned so for collectors this
can very interesting.
Gold Rocket | Satoshi Club: yes! It’s logical!
REEEHEEE: atm
it is something like a collectible cosmetic, but maybe maybe we could introduce
some sort of bonus to it, but I am not entirely sure about that 😀 I honestly do not
even know if that would be possible 😂
D. Папа Роуч: well, maybe in the future we can combine 1 avatar of each of race,
together, and breed a new race? 😄
REEEHEEE: But
I also wish it would give me a juicy tlm mining bonus. hahaha that is some interesting idea
Gold Rocket | Satoshi Club: again a mystery 😉
Morty – Alien Worlds : For
Avatars what I feel like they can have a good use in the fighting game. All avatars
have a class and type which can have synergy in between certain type of weapons
and minions
REEEHEEE: I
actually never thought about that one
D. Папа Роуч: very interesting idea👍 @GoldRocket27
do you want to ask someting? or we ready for the next q? 👀
REEEHEEE: Actually,
how are you today?
Morty – Alien Worlds : There
are lot of possibilities.
Gold Rocket | Satoshi Club: I’m really looking forward to fighting 😁
My minions clink their swords 😁
D. Папа Роуч: haha super!
how are you?
REEEHEEE: I
am…. HYPED
Morty – Alien Worlds : Haha.
You must train them well and keep them ready
Gold Rocket | Satoshi Club: I just feed them and they are already fat 😂😂😂
Morty – Alien Worlds : Hahaha.
Seems like you are a good master.
D. Папа Роуч: good soldier/minion should eat and sleep enough😁
and i think we ready for the next question!
D. Папа Роуч: let’s do this?
Morty – Alien Worlds : Let’s
go
Q5 from Telegram user @Andrey_Seleznov
Do you have plans to release a mobile client for the game? Many
people enjoy the game on the phones but playing in mobile browser is not an
ideal experience atm. Also it would be great to have access to the market from
inside of the game – have you considered integrating it?
Gold Rocket | Satoshi Club: Yes, a mobile app would make life easier for many participants, to
be honest
REEEHEEE: The
mobile web version indeed is hard to handle and might need some polish,
it isn’t officially supported yet but already working on a lot of
devices.
A app or client could be a really great solution to that problem
D. Папа Роуч: i just realized that i never used Alien Worlds on mobile
REEEHEEE: I
suggest the pc web version 👌
D. Папа Роуч: yep!
Gold Rocket | Satoshi Club: I used. On the train. And this is pain🙈
Morty – Alien Worlds : This
are some things to keep in mind when it comes to making games on mobile while
we have most of our game logic on wax blockchain.
1) There is not an easy way to integrate cloud wallet on a mobile
client. It only works on mobile browser. There is a lot of opportunity for dev
teams to build mobile games if we could get a mobile wax cloud wallet app,
which could then launch all games from
with in the wallet app.
2) At this stage there are very frequent game updates, which will
become very daunting for users. We built Alien Worlds with the mission to make
it easy to onboard users from non-blockchain space with 0 friction. Downloading
the game and installing it adds a little bit of
friction.
Gold Rocket | Satoshi Club: And you did it great👏👏👏
Morty – Alien Worlds : It
is not very easy to get the blockchain based apps on the iOS as they have their
own in app purchase policies and every purchase inside the game will have to go
through apple. You can’t even launch an iOS app without having it on the app store. Andorid on the other hand is easy
you can just put the apk on the website as a download link, but then it will be
very unfair for people with iOS devices 😅
D. Папа Роуч: we also can hope wax will release mobile wallet soon enough, maybe
it on their roadmap👀 i need to look up …
Gold Rocket | Satoshi Club: Thank you for the clarification! It’s clear to me🚀 Ready for the next question😉
Morty – Alien Worlds : Yes,
sir!
D. Папа Роуч: the last question from part 1!
Q6 from Telegram User @Z0ryan
On April 12, 1961, Yuri Gagarin became the first person to fly
around the Earth and this opened the era of space exploration. Today, 60 years
later, thanks to the Alien Worlds blockchain game, we can easily travel the
Metaverse and conquer the Planets. Have you thought about the fact that one day
the settlers on Mars will use TLM?
D. Папа Роуч: what a question
Gold Rocket | Satoshi Club: Lol😂
Morty – Alien Worlds : Haha, I am sure one of explorers is very close
to Elon and they will speak to Papa Elon about ditching DOGE and
switching to TLM as the official currency of Mars
REEEHEEE: I actually am sure that mr musk will introduce his
beloved currency on mars but we can on our planets 😂. TLM DOGE bridge incoming?
Morty – Alien Worlds : We
might have to offer him a planet or 2
D. Папа Роуч: wen?
Morty – Alien Worlds : I
don’t see why he wouldn’t consider
REEEHEEE: if we land on mars
D. Папа Роуч: haha 🤣
Morty – Alien Worlds : Alien
Worlds explorers are colonizing foreign planets before every one else. 😉.
Woah, now comes the most exciting part
@REEEHEEE are you ready for this
Gold Rocket | Satoshi
Club: please tell me what price did you put in
TLM? a person should understand what class ticket to buy for a spacecraft? 😁🚀
Morty – Alien Worlds : 1
TLM = 1 TLM. Always
REEEHEEE: later on people won’t be able to get half of a tlm
Morty – Alien Worlds : Time
will tell what can be purchased with 1
TLM within the Metaverse
D. Папа Роуч: perfect 👌
Gold Rocket | Satoshi
Club: 😂 This is a great answer 🚀🚀🚀
Morty – Alien Worlds : haha
mining is getting so difficult.
So many miners. The other I read there
were 1000+ mines per minute
Gold Rocket | Satoshi
Club: Then the long awaited moment🙏
REEEHEEE: in 1 year people
will be happy about what they could get now, I suggest to do the best atm and
mine 😂
sweet yes
Part 2 — live questions from the Telegram community
Q1 from
Telegram User @Sumione
Do you
have any plan to increase the usecase of
TLM IN future??
REEEHEEE: We do, thunderdome, more shining and much more
is to come we have some great plans 😀
Q2 from
Telegram User @K2ice
What is
the minimum amount of TLM set for the teleport bridge?
Morty – Alien Worlds : 100 TLM
Q3 from
Telegram User @nadee5
How can
You introduce Aliens world
to invite to
join for any
crypto newbies?
REEEHEEE: it is free, fast, easy
join our
socials and you will receive all the help you need 😀
Q4 from
Telegram User @alyaakin
If Binance
planet is a landless gas planet, how fight can be done there?
Morty – Alien Worlds : Fighting game will not be limited to planet. Thunderdome
will have the ability to run multiple game sessions. Think of it like a battle royale game session
in fortnite or pubg minus all the 3d
graphics where RNG takes care of most of the game logic.
Q5 from
Telegram User @azrayeni
Why did
you decide to change your UI and redesign it?
Morty – Alien Worlds : The current UI is more like a MVP version
of the game. It was always planned with time we would be making graphical and
user experience improvements in the game.
Q6 from
Telegram User @rockmorti
In this
metaverse, does the community have a chance or the right to participate with
new ideas, lore changes, and design proposals for alienworlds?
Morty – Alien Worlds : Yes, this is totally
possible. We value community contributions a lot of external tools that you see
floating around the metaverse are community built tools. We also have a
separate fund for this called the Galactic hub fund to support community
development and ideas
Q7 from
Telegram User @KhaleesiTheCryptoLady
If there
are achievements, there are also failures? So, what was the biggest failure of
Alien Worlds since inception?
REEEHEEE: I never (and I am honest)
heard about any big failure but we have some bugs indeed, they mostly show up
if an extreme amount of people tries to mine, wax candle handle us 😂
My biggest
failure is… that I sold my advanced TDs and drills, they freakingly went up
by 500% a minute after I did that
Q8 from
Telegram User @ronaldo_super
It was
free to play Alien Worlds before. After the listing tomorrow will there be any
fee for playing the game?
REEEHEEE: nope still free
Q9 from
Telegram User @Boylut
Can a
non-crypto person benefit from the solution AliensWorld is offering?
Morty – Alien Worlds : Of course. Our mission has
been to build a vast gamified metaverse which caters to all types of audiences,
offering them very easy onboarding
without having to spend or hold any crypto. You can start Alien Worlds for free and the only
pre-requisite is to have an email to sign up for a wax cloud wallet account.
I think we have one of the
easiest and simplest player
onboarding process across all blockchain
projects
Q10 from
Telegram User@ShaLiPon
We all
know that community is one of the most important aspects of a project success,
so how does Alien Worlds create a good and strong community? Is there any
events to participate with?
REEEHEEE: Ohh community, we have a
strong one for sure, just visit our social platforms like discord and find out
on your own 😂
And yes
there are a lot guides and resources to help you out 👍
Part 3 – Quiz Results
In the final part we tested your
knowledge in terms of Alien Worlds. They’ve prepared 4 questions for this part.
The total reward pool for quiz was 300$.
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 8Pay and our guests were @RCioffi and @peterlomb. The AMA took place on 11 April.
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 8Pay! Welcome to
Satoshi Club😀
Andrés M. | Satoshi Club: [
🤗 Sticker ]
Mary | Satoshi Club: @RCioffi
welcome here 👍
Roberto Cioffi: Hi
@madamlobster, thank you 🙂 Happy to be here!
Andrés M. | Satoshi Club: How
is going your weekend?
Roberto Cioffi: We
don’t have weekends since months 😅 8Pay requires a lot of effort and
focus in order to achieve what we have planned. So we are working hard as
always 💪
Mary | Satoshi Club: Oh,
i understand you! Development on the first place 😉
Mary | Satoshi Club: So,
let’s start our AMA 🚀
Andrés M. | Satoshi Club: Big
efforts will mean great achievements 😁
Mary | Satoshi Club: Roberto,
please, introduce yourself and tell us more about 8Pay😀
Roberto Cioffi: Yes
platform and business development in general first
sure
I’m Roberto Cioffi, CBDO of 8Pay. I’m a management
engineer and entrepreneur. I joined the team since the beginning, when 8Pay was
only an idea, since I worked closely to the founders for many years.
8Pay is a unique payment protocol.
Designed for online purchases, it provides a suite of
valuable tools for payment management, administered via a user-friendly
dashboard.
8Pay supports single and recurring payments, enabling
cryptocurrency to be used for subscriptions and repeat billing for the first
time.
Mary | Satoshi Club: When
8Pay was only an idea? 😀 I mean for how long was 8Pay project
developed?
Andrés M. | Satoshi Club: Do
you know how born that idea?
Roberto Cioffi: Being
in the advertising space, we always had a focus on online payments. So we saw
many years ago the possibility to see a world where your crypto wallet could be
consider like a regular bank account. Basically the more we got involved to
crypto, the more we understood that his could be a game changer in the
industry. Finally after some months of brianstorming 8Pay was born
Mary | Satoshi Club: Gotcha!
I like the idea about such kind of cryptowallet!
Thank you for your intro, Roberto!
Andrés M. | Satoshi Club: Amazing
intro😁
Mary | Satoshi Club: Do
you want to add something or we can go to the questions from our community?We
have some😉
Roberto Cioffi: I
think we can go to the questions 😊
Q1 from Telegram user @lukacy
8Pay was a project created to be a crypto
payment platform. When you said crypto, do you mean 8pay can be used for paying
in crypto or paying on sites supporting payment in crypto or both? Compared to
existing crypto payment platform, what killer features makes you stamd out?
Roberto Cioffi: 8Pay
is a platform for crypto to crypto payments, at the moment we don’t have plans
to integrate fiat. Our main focus is on the total decentralization and to
follow the core blockchain principles.
Compared to existing crypto payment platforms, 8Pay
gives for the first time the possibility to deal with and to manage recurring
payments and on demand payments. Everything without KYC and it will be possible
to use the platform only with a MetaMask wallet or equivalent.
Mary | Satoshi Club: Give
us examples, what i can use 8Pay for?
Roberto Cioffi: Sure,
for example: you have a streaming service where the user needs to subscribe to
access the contents. You can use 8Pay to manage the payments.
Mary | Satoshi Club: It’s
very comfortable 👍
Roberto Cioffi: You
can add the 8Pay button to the website as in the traditional world you see the
PayPal button
Andrés M. | Satoshi Club: Twitch
for example?
Roberto Cioffi: and
then, as a merchant, you can manage the subscriptions and the plans on the
platform
Yes, also like Netflix
We cover almost every kind of online payments
Andrés M. | Satoshi Club: Thanks
for the clarification, a great tool to increase the adoption
Do you have a mobile app?
Roberto Cioffi: Yes,
for us mass adoption is really a key point. That’s why we cannot imagine 8Pay
without a mobile app. We are planning to have it at the beginning of the next
year
For us the mobile user experience is really important
that’s why we’ll work hard on it, as we did for the web app
Mary | Satoshi Club: Awesome
👍
Andrés M. | Satoshi Club: Great
news, we hope to see you here in another AMA session next year 🥳
Andrés M. | Satoshi Club: Do
you want to add something before the next question?
Roberto Cioffi: We
can go ahead
Q2 from Telegram user @AmirJosh
8PAY protocol designed a user-friendly
desktop and mobile application without the need to code or execute complex
smart contracts which gives vendors access to a cryptocurrency payment solution
that is convenient and easy to use. How about the security of 8PAY? What safety
precautions are you implementing to make all the transactions secure and the
users identity protected?
Roberto Cioffi: Being
a crypto payments platform, the security has been always considered as a
priority, before to take any other decision. First of all, the token of course
has been audited before the tge and we’ll publish also the platform audit
before he main net release that will happen soon (stay tuned for this 🔥).
Furthermore, we are using Cludflare with all their
features to guarantee a deeper protection.
Then, all the payments are sent wallet to wallet, in
this way we guarantee the privacy concept of the blockchain and the user
identity protection
Mary | Satoshi Club: So,
i won’t need metamask to connect to your platform?
Roberto Cioffi: Yes
you need metamask
Andrés M. | Satoshi Club: So
the funds are safe👏
Mary | Satoshi Club: Got
it and then i will be able to set my payments😉 it’s easy!
Which audit firms did you choose for audit?
Roberto Cioffi: Sure
🙂 To be consistent with the “trustless” concept we have also decided to
lock the LP tokens of Uniswap and Pancakeswap on https://unicrypt.network/,
this not only gives guarantees to the investors and supporters but also show
the committement of the team.
Andrés M. | Satoshi Club: Btw
what about the fees using 8pay platform?
Roberto Cioffi: We
disclose all the information soon 😊
We have 1% fee on all payments
Mary | Satoshi Club: We
will follow your updates 👍
Andrés M. | Satoshi Club: Thanks
for the clear answers, ready for the next question?😁
Roberto Cioffi: Yes
🙂
Q3 from Telegram user @Indomiekuy
i see that 8Pay continue to branch out and
increase your presence in the Crypto world with partnering GoSwapp. As we know
partnering is great way to spread and grow fast. So can you explain what
agreement that 8Pay and GoSwapp already make from this collaboration ? Do you
have any plan to add another partner in the future?
Roberto Cioffi: We
are dealing with many different companies to make great partnership to grow
faster and to increase the adoption.
GoSwapp will help us to have more merchants as soon as
the platform will be live on the main net and since they help us to spread the
awareness, we’ll do the same for them. Moreover, their app is already live so
you can easily check the price and the chart of 8Pay token through their chart.
We have great plans for the future and you can be sure you’ll see amazing partnerships
coming up
Mary | Satoshi Club: Do
you focused on some regions of the world or you will work worldwide?
Roberto Cioffi: We
don’t have demographic limits at the moment
Mary | Satoshi Club: That’s
fantastic 😍
Thanks for the answers! Ready to proceed?
Roberto Cioffi: Sure
Q4 from Telegram User @kimzyemma
Hello,
You said mobile app is coming soon, I
agreed with you . Is there a way we can secure our wallet on desktop
application, since all wallet app do have security like phrase key, private and
the rest?. Or we should just take the risks for now till you create mobile app?.
Roberto Cioffi: We
are a non custodial platform, so we don’t manage those kind of risks. 8Pay
works through metamask, ledger etc. We are not a wallet
Andrés M. | Satoshi Club: So
we don’t need any kind of KYC to use it?
Mary | Satoshi Club: But
do you plan to work with fiat in the future?
Roberto Cioffi: No
KYC, you have to login easily with your wallet
We don’t plan to work with fiat at the moment
Mary | Satoshi Club: Got
it! Thanks! Ready to jump to the next question?
Roberto Cioffi: yes
Q5 from Telegram User @Derazy
Payment platform usually has complicated
issues regarding on minimum or maximum deposit and withdrawal. Does 8pay has
the issues on deposit and withdrawal? What unique features 8pay have to
overcome the issue?
Roberto Cioffi: As
I said before, 8Pay is non custodial so we don’t deal with deposits and
withdrawals 🙂
Andrés M. | Satoshi Club: Btw,
could you tell us about your roadmap? What is your main target for this 2021?
Roberto Cioffi: Our
main target for this 2021 is for sure the release on the main net of the
platform and also the patnerships with many big merchants in order to spread
the adoption. We want to see 8Pay used by many people by the end of this year.
Furthermore we plan to have the mobile app design in place
Mary | Satoshi Club: Do
you plan any marketing campaigns? To spread the world?
Roberto Cioffi: Sure,
as soon as we’ll have 8Pay on mainnet we’ll start with advertising for the
awareness and to integrate merchants (to have more users of course)
Andrés M. | Satoshi Club: We
will expecting for that 😃,
are you ready for the last question of the first part of the AMA?
Roberto Cioffi: yes
💪
Q6 from Telegram User @huyvo87
What are your plans to educate and raise
awareness and adoption among the community to make more people understand 8PAY
and its technology?
Roberto Cioffi: Because
the 8Pay network incorporates a diverse group of users, spanning many
territories, demographics, and industries, it will be necessary to employ a
multiphase user-acquisition and education strategy.
For the 8Pay network to gain traction, merchant
adoption and partnerships will be imperative. This in turn will lead to
consumer adoption, first among crypto-savvy users, and then among the broader
public as the barriers to transacting with crypto assets are driven down
through better design and incentivization mechanisms.
The 8Pay web app has been designed with non-technical
users in mind, including individuals who are not crypto natives, or with
limited experience of using crypto assets, and these attributes will play into
the project’s marketing strategy
Mary | Satoshi Club: Which
incentivization mechanisms will you have?😀
Andrés M. | Satoshi Club: Do
you have some guides to teach users to use the platform?
Roberto Cioffi: Nevertheless,
to launch the 8Pay network, merchants that accept cryptocurrency, or who have
in the past, will be targeted as early adopters. This will include small to
medium-sized businesses that operate ecommerce stores, and vendors on large
online marketplaces who accept cryptocurrency. In addition, businesses that pay
their employees in cryptocurrency will be targeted as potential users of the
8Pay network.
As the 8Pay ecosystem grows, and its network effects
strengthen, we will endeavor to educate traditional businesses about the
benefits of cryptocurrency, and to onboard them. 8Pay’s integration into
ecommerce checkouts, online marketplaces, brick-and-mortar stores, and remote
workplaces will drive users to the network as consumers and employees, who will
pay or be paid using 8Pay.
Andrés M. | Satoshi Club: @peterlomb
welcome to the AMA😃
Roberto Cioffi: We’ll
disclose them soon
Andrés M. | Satoshi Club: Thank
you so much for your amazing answers, could you share us some useful links
before the second part of the AMA?
Roberto Cioffi: Sure,
at the moment we have a medium guide where you can learn how to use the 8Pay
demo. Check it here
->https://medium.com/8pay/8pay-demo-on-binance-smart-chain-d1e9e0f85a9d
Mary | Satoshi Club: 👍
Andrés M. | Satoshi Club: Great,
that is so useful💪
Peter Lomb:
thanks so much
Mary | Satoshi Club: Hello,
Peter! You’re in time for the live part😀
Guts, ready for storm😉? Of questions?
Peter Lomb: yeah
Mary | Satoshi Club: Let’s
go 🚀
Part 2 — live questions from the Telegram community
Could I use 8Pay for my real life day to
day activities? what is its usecase in real life? I would appreciate a guide or
tutorial video would help me @RCioffi
Roberto Cioffi: To
understand how 8Pay works you can try our demo on from our website 8pay.network
or follow the guide from this article
https://medium.com/8pay/8pay-demo-on-binance-smart-chain-d1e9e0f85a9d
Q4 from Telegram user @boradam
Right now if someone pays with a stolen
credit card to youtube or to another subscription service, the real card owner
can get his/her money back. If a hacker gets a wallet or funds and pays with
them using your service, will there be anything you can do about it?
Peter
Lomb:
This would mean that users lose their PrivateKey, but we could integrate
systems that detect adrees used for fraud and automatically blacklist them.
Q5 from Telegram user @JoxesXIII
What crucial use cases does this platform
work for for payments? what would be the difference between using 8Pay and a
common transfer in BNB or BUSD?
Roberto Cioffi: 8Pay
has as the main feature the possibility to subscribe to services and lets
merchants to automatically withdraw funds from your wallet every fixed or
variable period. This is not possible with common transfers
Q6 from Telegram user @BJosefina61
Today the resale of services such as VPNs,
Netflix, Disney + is very common on the internet, can 8Pay sell these services?
or do you meet any restrictive compliance?
Peter Lomb: Of
course we can, 8PAY was created precisely for needs like these and this will be
our main goal for automating recurring payments in the future.
Q7 from Telegram user @smelekin
How will recurring payments system can
work? I understand the first payment but for next payment how can you transfer
the money from my wallet?
Roberto Cioffi: When
you subscribe to a service, you give the allowance to another wallet to
withdraw the funds to your wallet. So the merchant will be able to charge you
every time period 🙂 Then the merchants need to use our sdk or the
autobiller to automate this process
Q8 from Telegram user @atillayeni
Why don’t you have any plans for
integrating fiat? What is the idea here?
Roberto Cioffi: Integrating
fiat means to lose the full decentralization and the possibility to use 8Pay
without KYC. This will drive us far from the blockchain core principles and
also our principles
Q9 from Telegram user @Guandog
How can merchants take full advantage of
the 8pay features, that is, will there be some type of advertising board, list
of profiles, reputation system and other social interactions so that the
consumer is well informed?
Peter Lomb: Especially
for merchants, they will be able to save their development expenses by using
our automatic biller, paying for it in 8pay tokens.
In the future, many functions will be integrated
including the ability to insert feedback about the experience that each user
has had, whether merchant or customer. We are born as a reality based on a
solid PROJECT and TRUE we are not a speculative token, we still have many
things to do, we have been live for a few days but the high number of Holders
is giving us a lot of satisfaction for all those in whom they believe and will
believe in 8pay.
Q10 from Telegram user @highpee
Some users have been complaining on your
twitter posts and Telegram channel about potential risk and how you block them
for rasing security concern. Why is the IDO on BSCPad generating so much
controversies? I know we have ‘fudders’ who may spread negative misconceptions,
but do investors have any legitimate reason to be worried or afraid?
Roberto Cioffi: FUDders
are everywhere and they try to generate negative misconceptions, but actually we
focus more on the project and to give trust to the investors rather then waste
our time with them. We have released an article on medium about that
https://medium.com/8pay/project-update-post-launch-progress-and-staying-safe-when-swapping-8pay-80de0bcc08a6
Furthermore, as I said before, to be consistent with
the “trustless” concept we have also decided to lock the LP tokens of Uniswap
and Pancakeswap on https://unicrypt.network/, this not only gives guarantees to
the investors and supporters but also show the committement of the team.
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:
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 Pinknode and our guest was @ericpnode who is the co founder and CEO of Pinknode. The AMA took place on 10 April.
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 Pinknode! Welcome to
Satoshi Club😀
Gold Rocket | Satoshi Club: Hello and welcome
to Satoshi Club, @ericpnode!😃
EP Pinknode: Really excited for our
first AMA 🙂
Gold Rocket | Satoshi Club: Let’s start!
Introduce youreself please. How did you get to be
involved in crypto & Pinknode?
Tell us please about yourself and your position in
Pinknode.
we are also very excited about the upcoming AMA😊
EP Pinknode: Sure
Gold Rocket | Satoshi Club: I really like your
avatar btw 😍
EP Pinknode: My name is Eric, I’m the
co founder and CEO of Pinknode.
I started my career in banking, left shortly after to
pursue entrepreneurial interests, namely in digital marketing, e-commerce
startup and corporate finance.
I have been an investor in the crypto space since
2014, but only started going full time into crypto 2020.
That was when I chanced upon an article about
blockchain infrastructure service provider Infura and it’s vital role is to the
blockchain space.
After multiple conversations with investors,
blockchain experts and technologists, Pinknode was born.
Thank you! 🙂
Mary | Satoshi Club: What is main idea
behind Pinknode?😀
Gold Rocket | Satoshi Club: great journey 7
years long 😁 And a great
background👍
Mary | Satoshi Club: 👀
EP Pinknode: Pinknode is an
infrastructure-as-a-service project that provides API endpoints and node
operation services to developers and projects on the Polkadot protocol.
Infrastructure support is vital for the healthy growth
of any network, and we’re positioned to accelerate the adoption of Polkadot.
In essence, we are ‘Infura for Polkadot, the gateway
to the Polkadot network.
Gold Rocket | Satoshi Club: How long does it
take to develop a project? What plans do you have for the future? And what can
we expect from Pinknode?
EP Pinknode: We have been working on
Pinknode for past 3 months, and we are at the final stages of finalizing our MVP.
At the moment, our team is laser focused on getting
our first version ready and bringing our services out to projects.
We are already in talks with a number of projects.
Some of the features we planned includes, parachain
onboarding, DAO governance, decentralization of node network, fractional node
ownership.
Mary | Satoshi Club: A lot of features!
You made a great job! Did you already tested your services?
Gold Rocket | Satoshi Club: Thanks a lot for
the intro! 😃
EP Pinknode: Also, we have finished
our private round and in the final stages of our IDO discussions. 🙂
Gold Rocket | Satoshi Club: Wow! Excellent👏👏👏
EP Pinknode: We are in talks with a
few strategic partners to work with Pinknode once we are launched.
The platform is currently in closed beta and going
through internal testing.
Mary | Satoshi Club: Gotcha! Thanks 👍
Gold Rocket | Satoshi Club: many thanks! you
have done a great job and there is even more to come!😊
We have questions from the community ahead😉
EP Pinknode: 👌👌
Thank you!
Q1 from Telegram user @johana0012
As we all know in the DeFi world Polkadot is renowned
for having been dominating the multiple open source chains. But, the current
support infrastructure is lacking and that represents a great challenge for
both projects and users. What solutions does Pinknode bring? What is Pinknode’s
goal to solve this inefficiency?
EP Pinknode: Being the first Polkadot
focused infrastructure project, we are positioned to grow together with the
network.
At first we will be running full nodes for both
Polkadot and Kusama, and providing API endpoints for working projects.
Once the network’s auctions are live, we will be
setting up collator nodes for the parachains for more comprehensive coverage.
“Project teams would also stand to benefit from Pinknode, as each node is intended to function as a collator, increasing the decentralisation and security of their parachain. Additionally, by streamlining the onboarding process for developers, the rate of adoption for project teams would be improved dramatically, as community developers and service providers increase access to their userbase. This would also reduce the workload of project teams, as supporting infrastructure (explorers, wallets, etc.) would be handled by external parties, which would allow them to focus on their core business model or layerone technical stack.”
Mary | Satoshi Club: When do you plan
to go live?
EP Pinknode: We are looking planning
our IDO for early to mid May.
Please follow our announcement channel @pinknodeANN
for more updates! 🙂
Mary | Satoshi Club: Super! Just some
weeks left! Satoshiclubbers, follow Pinknode 🎉🎉🎉
Thank you for your answers! Ready to proceed?
EP Pinknode: Let’s do it! 🚀🚀
Q2 from Telegram user @dudeiebitch
Going through
your services enlightened me on your ease of work/interoperability access for
computer developers and expert, i will like to know how normal users like us
can gain from the platform and how we can really make use of the pinknode
platform.
EP Pinknode: There are a few ways
users can participate, such as:
1) governance of the platform – nominating parachains
to onboard
2) fractional node ownership
3) staking into foray of digital tokens from our nodes
We will also be running a variety of campaigns for our
ecosystem.
Mary | Satoshi Club: How will staking
work?
EP Pinknode: One of the ideas we’re
exploring, is to allow our token holders to vote on the onboarding of
parachains before we run nodes.
We will have mulitple smart contracts and our holders
can stake their $PNODE into projects they want to support.
The rewards from the parachain will be airdropped back
to $PNODE stakers.
Mary | Satoshi Club: Nice! Good
incentives!
Gold Rocket | Satoshi Club: Sounds good👍
Thank you for the clarification! ready for the next
question?
EP Pinknode: Yes @ericpnode
Q3 from Telegram user @Michelth
Pinknode aims to eliminate an entire layer of
inefficiencies and complexities to accelerate the life cycles of its products.
What are the various uses of the $ PNODE token? How is network security
supported? Are PNODE also used for the incorporation of new parachains?
EP Pinknode: The various use cases of
$PNODE include:
ACCESS network via ownership or payment with $PNODE
STAKING $PNODE tokens for API access, securing of
network, optimisation of relays and community campaigns
GOVERNANCE of Pinknode, for onboarding of new
parachains, role of nodes etc.
We are also considering a burn model to further
enhance the value of $PNODE
For external network security, we are implementing SSL
and DDOS protection. For internal network security, we have setup firewalls to
block out external traffic.
Gold Rocket | Satoshi Club: Thanks for the
answer! Btw.. Continuing on the topic of security, did you an audit? If not, is
it planned for the future?
EP Pinknode: We are working with
reputable cloud providers that has been certified, for our node operations .
On the crypto side of things, token mint contracts and
future governance contract will be audited.
Mary | Satoshi Club: We will wait for
your announcements😀
Thank you for your answers! Ready to jump to the next
question?
EP Pinknode: Lets go!!
Q4 from Telegram user @h1drX
According to the roadmap, the third quarter of 2021,
you will be launching a PNODE governance contract, you will incorporate users
and parachutes, can you explain a little what these implementations consist of?
EP Pinknode: Previous answer
(https://t.me/Satoshi_club/659050)This has
been mentioned, we are expecting Polkadot’s auction to go live soon and
implementing this governance initiative.
Mary | Satoshi Club: It’s interesting
for me how many people are now working on Pinknode project?
EP Pinknode: 5 currently – Myself, my
CTO, project manager, front end dev and back end dev. We are always looking for
more talents to join us!
Mary | Satoshi Club: Sure!👍 Btw, is team public?
Gold Rocket | Satoshi Club : not a very big but
friendly team. 🤝
EP Pinknode: Yes my linkedin is here
(https://www.linkedin.com/in/eric-poh/)Our
core team is also listed on our website.
EP Pinknode: We actively looking out
and expecting to grow!
Mary | Satoshi Club: 👍 that’s great!
Gold Rocket | Satoshi Club: Pay attention to
Satoshi Clubbers!🙌
Mary | Satoshi Club: Thank you for your
answers! Ready for the next question?
EP Pinknode: 👌👌
Q5 from Telegram user @FZayyid
It is
interesting project from Pinknode that support innovators and startups with
their service. Does Pinknode apply specific requirements to be eligible on the
service? Do innovators need to apply for a proposal?
EP Pinknode: We welcome everyone who
wants to build on Pinknode.
With larger scale projects, we’ll definitely be more
involved onboarding process to ensure that we cover their needs.
Mary | Satoshi Club: That’s great! Do
you already have some partnerships?
Gold Rocket | Satoshi Club: earlier you
mentioned some partnerships and collaborations.
EP Pinknode: We have a few in the
pipelines and finalizing the details. We will be announcing them soon!
Gold Rocket | Satoshi Club: Let’s look forward
to the news!
Ready for the next question?
EP Pinknode: I am always ready
Q6 from Telegram user @Andrey_Seleznov
PinkNode is
planning to distribute only 1.14% to the public sale. Why such a small amount?
Don’t you agree that the more you offer to the public round the higher will be
public awareness about the project and later adoption?
EP Pinknode: 😁
Given that we are a small cap project, the amount
raised is small. We don’t want to over raise, hence the amount we’re raising is
sufficient for planned runway.
We have set aside a sizable amount for ecosystem and
community, so eventually we are planning to distribute these tokens through
campaigns for our supporters.
Mary | Satoshi Club: Which hard cap you
plan to raise?😀
Also, did you already choose how you will sell your
tokens? Which platform you will use for this?
EP Pinknode: We’re planning to raise
$600k for private and $80k for public. Details can be found on lightpaper
(https://pinknode.io/docs/lightpaper.pdf)
Mary | Satoshi Club: 👍
EP Pinknode: We are in discussions
with several top tier IDO platforms, but we can’t disclose any information at
this stage.
Gold Rocket | Satoshi Club: Thanks for sharing😊
Mary | Satoshi Club: Thank you! And now
we came close to the live part of our AMA 😀
Are you ready for it?😉
EP Pinknode: Lets gooooo 🦾🦾
Mary | Satoshi Club: Let’s go 🚀
Part 2 — live questions from the Telegram community
Node as a service idea
sounds very promising! Will you accept DOT tokens or only PNODE from users of
the nodes as a service? What unique application insights can Pinknode analytics
dashboard provide to the node subscribers?
EP Pinknode: For a start, we will only be encouraging the use of
$PNODE tokens for our service to create demand for the token. In the future we
might be looking to accept different payment methods including stable coins and
DOT when adoption had reached a certain stage. Part of those revenue will also
be used to repurchase $PNODE token in the market.
We are still researching
on the analytics that user might like to see on Pinknode app, currently they
will be able to see how many request had been called during the different hours
of the day so developers may more accurately manage their architecture needs
and costs.
Q2 from Telegram user @CryptoFollower
You said you want to
build a fractional node ownership. Is it because of the high cost of creating
nodes all around the world? Why fractional node ownership?
EP Pinknode: It is in part due to the reason of cost but also
because of the complexities and challenges faced when onboarding nodes.
Pinknode plans to reduce the barrier to entry for both aspects, by allowing for
fractional node ownership, $PNODE supporters can stake their tokens and “own” a
part of a node which supports our infrastructure and the Polkadot ecosystem. A
portion of the fees generated by that node would then be redistributed back to
the $PNODE stakers for it. This completely eliminates the technical barriers as
Pinknode handles this in-house.
Q3 from Telegram user @alptrader
Who owns Infura for
Ethereum? Who controls it? And when you create similar system with polkadot who
will control the nodes?
EP Pinknode: Infura is run by a centralised entity and its own by a
private company. That’s where Pinknode stands out as our objective is to have
the platform fully decentralised, run and owned by the community in the future.
This is done through the implementation of our tokens and ensuring a fair
governance system and rewards via $PNODE.
Q4 from Telegram user @Indomiekuy
i read that PinkNode
project still in early stage and build on Polkadot Blockchain. Do you have plan
to do bridge to other chain? And why choose polkadot?
EP Pinknode: We believe the future is multichain and we are very
optimistic with Polkadot’s unique approach to solving interoperability between
heterogeneous chains and having a shared security model.
Polkadot is also showing
fantastic growth metrics; outside of the media frenzy and immense fan
base, it has outpaced 2 of it’s closest
competitors in terms of developer growth in their first 3 years of existence.
We love Polkadot! And we
will strive hard to be the leading infrastructure-as-a-service project on it.
Q5 from Telegram user @AmirJosh
The goal of Pinknode is
to serve as the “Infura for Polkadot” by providing developers with web API
access to the Polkadot Relay Chain. Do you think your system can keep up with
daily transactions processed by Infura? What is Pinknode’s TPS?
EP Pinknode: In the beginning, it would be hard to match the daily
transactions processed by Infura. However, we have a roadmap in place and we
will continue to scale together with the Polkadot ecosystem and all the
parachains. In the long run, I am confident that we will not only be able to
keep up with Infura’s transactional load, but far exceed it due to the scope
and structure of Polkadot.
Q6 from Telegram user @Pirry05Universe
AS FOR TOKENOMICS, WHAT
IS THE TOTAL SUPPLY OF $PNODO, WHAT IS THE INITIAL MARKET CAPITALIZATION, WHAT
IS THE INITIAL CIRCULATION SUPPLY?
EP Pinknode: The total supply of $PNODE will be capped at 200mil
tokens, initial supply will be 14.8mil. Day one marketcap will be below USD
600K.
Q7 from Telegram user @ronaldo_super
Will it be possible for
$PNODE token holders to stake tokens to which project they want? How will this
system and reward distribution work?
EP Pinknode: Definitely. One of our early rollouts will include a
mechanism for PNODE holders to choose which projects to onboard and where we
should focus our resources to run nodes / validators. $PNODE holders will then
be able to stake their PNODE to support a particular project and the team will
airdrop the rewards earned from running those collator nodes back to $PNODE
holders. Hence, it will incentivise users to participate on our platform,
allowing them to earn some yields as well.
Q8 from Telegram user @Antoni_azx
At Pinknode the pricing
model is based on staking and burn structure of your native token PNODE, can
you tell us how often is this burning and how does your deflationary mechanism
work to ensure the stability of your token and the network itself?
EP Pinknode: We do not have stake and burn time period currently.
The amount burn will be based on the market value of $PNODE token at the time
of review, we look to maintain a competitors and at the same time provide a
minor inflationary pressure on the token price to reward long term $PNODE
holders.
Q9 from Telegram user @Ratash99
Does the nodes provide
analyses and solution or will the node implement them to optimize the network ?
EP Pinknode: Yes, we plan to provide detailed analytics and
statistics into the usage of the nodes and API endpoints. This allows projects
and developers to focus on building their product instead of setting up
analytics suites. Beyond that, we are also exploring the possibility of
implementing custom API endpoints to provide a tailored solution for the
Polkadot ecosystem.
Q10 from Telegram user @KhaleesiTheCryptoLady
Can you share to us what
are the ongoing and upcoming campaigns that Polkanode is offering to the
community and holders as well?
EP Pinknode: Yes, we are working with several marketing agencies
and have several campaigns planned in the pipeline. This includes twitter
campaigns, AMA participations, etc. Please join our telegram channel @pinknode
and official channel @PinknodeANN for our latest announcements.
Part 3 – Quiz Results
As usual, for the third part, Satoshi
Club Team asked the chat 4 questions about the crypto project. A link to a Quiz
form was sent into the chat.
For
more information and future AMAs, join our Social Media channels:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Standard Protocol Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Standard Protocol
For more details:
Standard Protocol Website – standard.tech
Standard Protocol Telegram – @standard_protocol
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 VirgoX and our guest was @adamtor CEO of VirgoX. The
AMA took place on 10 April.
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
D.
| Satoshi Club: hello
all! another AMA in Satoshi club! 🥳
Gold
Rocket | Satoshi Club: We
are pleased to announce AMA with VirgoX
D.
| Satoshi Club: today
our guest – @adamtor CEO of VirgoX !
how
are you doing? 😊
adam: Hello everyone, sorry for a little
bit wait here due to the technical issue
Gold
Rocket | Satoshi Club: Hello
and welcome to Satoshi Club, @adamtor!🙌
adam:
Very
excited to be here to chat with the passionate folks in Satoshi Club
D.
| Satoshi Club: haha
no problem! welcome! 🥳
Gold
Rocket | Satoshi Club: We
are very glad to conducting AMA with VirgoX!
D.
| Satoshi Club: nice!
👍
so let’s begin with a small intro? please introduce yourself and your
project! 😊
Gold
Rocket | Satoshi Club: How
did you get to be involved in crypto & VirgoX?
D.
| Satoshi Club: another
good question👀
adam: Sure. let me begin with my self , my
name is Adam cai. Previous life have been pretty much focused on the
traditional financial industry for about 8 years . I was involved in crypto
starting from 2016. Have seen various cycles of bullish and bearish markets.
One thing I would say is that blockchain &crypto world certainly is
fascinating and revolutionary and this is what keeps me truly interested! Began
my own venture since 2018 during the worst period of time when bitcoin was only
around 3000 dollar. Built VirgoX from scratch and happy to be persistent all
the way through
VirgoX
is known for being the world Stablecoin trading center. Whether they are
fiat-backed, crypto-backed, algorithm-backed or asset-backed, we have worked
actively towards integrating them into our ecosystem.
We’ve
introduced Stablecoin financial products using our platform token as collateral
earlier this year with positive reception. This year we have developed the
first in class synthetic Foreign Exchange markets. Increasing the use cases
from just spot trading and hedging and more coming soon.
In
addition to this, we have been helping our users take advantage of the Defi
ecosystem through our VirgoX Vault(https://www.virgox.com/vault). When our
users deposit funds into the Vault, we allow them to earn the best possible
yields by aggregating yields from only the best performing protocols. Effectively,
we have saved our users time, and helped them earn more than if they were to
yield farm themselves with one of the most competitive APY in the industry.
VirgoX
has taken a step into innovating how centralized exchanges services clients by
providing them with a taste of the entire crypto-ecosystem in one location –
and we will continue doing so.
Gold
Rocket | Satoshi Club: beautiful
background👍
adam: Thanks for the first question!
Gold
Rocket | Satoshi Club: Thanks
a lot for the great intro! Ready for community questions ??😉
adam: Yeah!
definitely
D.
| Satoshi Club: let’s
do this! 🚀
Q1
from Telegram user @KeymerS
“Stablecoin
World Trade Center” is what you call yourselves, but is it really different
from other exchanges in the sense that they have more amounts of stablecoin on
their platform? Or is it simply because your platform has been supporting
stablecoins since its inception?
adam: Very good questions. Allow me a few
mins to type it out
D.
| Satoshi Club: sure!
Gold
Rocket | Satoshi Club: Take
your time
adam: Stablecoins have been seeing a
tremendous growth of market cap. The variation within this specific sector has
also enlarged significantly. When we talk about stablecoin trading center, it
is a pretty broad definition. Certainly not limited to spot trading itself.
What
we want to build is an entire eco-system for stablecoins , it starts with spot
trading where we would have as much high quality stablecoins as possible. We
have successfully done that by having now more than 20 stablecoins available
with us for trading. The second step is
that what you can do with stablecoins . We have various yield farming
opportunities for stablecoins including all major stablecoins such as USDT,
USDC, BUSD, HUSD etc. we are adding more stablecoins as we go through VIROGX
vault + financial products section
In
addition , we also have a crypto lending & borrowing section where you can
lend or borrow stablecoins leveraging our industry competitive rates! Last but
not least, we also have synthetic FX markets built on various currency based
stablecoins to allow hedging/ speculations
I
would safely say that in terms of the over ecosystem of stablecoins. we
probably are one of the leading ones in the industry
thanks
Gold
Rocket | Satoshi Club: and
that’s great!
D.
| Satoshi Club: thank
you for the great answer! may i ask, what about KYC on your platform? do users
need to pass any to be able to trade?
adam: We have various tiers of KYC system
in place. To start trade with 20K USD worth of withdraw limit, you would only
need to register an Email at the moment. However, as you increase the volume ,
the enhanced KYC is is going to be required.
D.
| Satoshi Club: nice!
got it, thank you! 😊 ready for the next question?
adam: Yeap
Gold
Rocket | Satoshi Club: Thanks
for your answer🚀
Q2
from Telegram user @lukacy
Some
of your Products includes Earnwell, forex contract, Quick bids, and the newly
launched Virgox vault. Can you explain these products briefly and what we can
do with them?
adam: Sure. Earnwell is a structured
fianancial product which enables you to earn minimun return with principle
protected and also a potential higher earning power depending on the market
condition. It is pretty interesting product for people who have a view on the
future direction of the market and want to ensure they are principle is 100%
safe.
FX
market is the synthetix FX market built on stablecoins. Currently we have
USD,CAD, EUR, AUD, GBP , NZD, CHF for you to speculate and hedge your FX risks
up to 100 times leverage.
Quick
bids is the place where you can potentially use a few cents or 1 dollar to win
over 100 USD worth of price . It is very similar to the penny auction in the traditional sense.
VirgoX
vault , I would like to stress more and this is so far the most popular product
we have launched!
Gold
Rocket | Satoshi Club: Speaking
of safety, by the way. did you conduct an audit? if not, do you have this in
your plans?
adam: The recently launched CeFi vault
product has really brought a lot of attention from the DEFI users or simply
users looking for high APY.
In
fact, we have launched 8 pools now, where users can stake assets including BTC,
ETH, USDT, USDC, HUSD, BUSD, BNB, DOT. 8 pools average more than 50% APY and
have no lock-up terms and no impermanent losses.
Users
can put their idle assets at work and earn high APYs by receiving VXT. All the
funds that are staked are then routed internally to various Defi protocols. The
all the yields that we receive on our end are then used to repurchase VXT.
This
is probably why you see the VXT has gone up from 2 cents to 10 cents in less
than 30 days after the VirgoX vault has been introduced.
Of
course, we also give full transparency to our users. We published the mining
contracts address + VXT burning addresses. In this way, you will have full
confidence about where your asses are and whether VXT has been repurchased and
burned. (You can check our our contracts
on the Vault page – https://www.virgox.com/vault)
within
30 days of launch, we have already given out 500K USD to the “miners”
of VirgoX vault
We
are a CEX therefore it is a bit different than DEX but yes we are looking to
conduct a spot audit in the very near future to confirm the reserve
Gold
Rocket | Satoshi Club: Whoa!
Not bad at all👍
adam:
That’s
for this question
D.
| Satoshi Club: how
your pools don’t have no ‘impermanent losses’? it’s quite interesting to me 🤔
adam:Good question!
When
you go to DEFI yield farming, a lot of times people actually do LP token mining
where they have to provide liquidity by giving 2 tokens in pair. This is where
impermanent losses happen. For small market movements it is minor however with
large movements it is very possible you will losses funds even with the high
APY you got
but
for our Vault, every pool is single LP , where you don’t need to worry about IL
. your principle is 100% gauraented and just need to reap the VXT benefits
everyday as your return and you can also put VXT in the VXT staking pool to
earn more return. Thinking of this compounding factor with no IL?
Thanks
Gold
Rocket | Satoshi Club: Thank
you very much for your answers! Ready for the next question from community?
D.
| Satoshi Club: thank
you for the answer! would be interesting to try your pools 😇
adam: Yes, please
Q3
from Telegram user @dudeiebitch
Good
day, I tried downloading your app on my IOS device and it lead me to a kind of
guide which is not really explainable but most especially i was told to
download a Testflight version of IOS. I know that your app is not on testnet
again then why do i need to download the TestFlight and why can’t I find the
app directly on Appstore.
D.
| Satoshi Club: mobile
users are worried 😄
adam:
Currently
we are on testflight. The reason is simple. we are in a rapid growth stage
where we literally update our APP almost every week or every other week. We
want to only promote app to app store when the APP development is slowing down.
This certainly shows how many new features we are bringing to the market every
week.
Please
bear with us for the time being to use testflight and thanks for the
cooperation
Gold
Rocket | Satoshi Club: Share
with us the main features that you plan to implement in the application
D.
| Satoshi Club: will
you be support both android and ios users?
adam: Yes, currently both supported.
Sure.
This is the question for the future. Let me give you a little foresight without
spelling out the secret yet:)
D.
| Satoshi Club: [
😉
Sticker ]
adam: we will have two exciting new
features happening this month!
VIRGOX
mining – with a few hundred dollars now
you can enjoy the convenience of participating the quick growth of crypto
mining industry and have steady cash flows. No worries about the operations of
the mining and just relax and earn.
Gold
Rocket | Satoshi Club: We
are ready to wait. and you will not forget to share with Satoshi Clubbers😉
adam: VIRGOX NFT Auction – what we are
building is going to revolutionize how currently NFT is traded and obtained and
also it is also adding a nice touch of gamification to the whole design. You
won’t be disappointed by this.
Some
fans here that are interested about crypto punks / hash masks / super rares /
crypto kitties?
D.
| Satoshi Club: you
bet! 😃
adam: Now it will be the time for you to
look at our NFT aunction which will give you surprise and potentially with
little funds earning a large value of NFT piece
Thanks
D.
| Satoshi Club: awesome
news! both of these are very interesting! espesically NFT 😉 but mining is also sounds very cool
Gold
Rocket | Satoshi Club: Surprise
us more! 🚀🚀🚀
D.
| Satoshi Club: thank
you for the answer! ready for the next question?
😎
adam: Yes please
Q4
from Telegram user @Andrey_Seleznov
I
read that VirgoX will be constantly evaluating new coins/tokens to be
supported. Could you please share what criteria should the token meet to be
listed on VirgoX? How do you make sure scam projects are not getting listed and
not tarnish your reputation?
adam: In terms of listing, we have very
strict rules on what can be listed and what can’t . This is why you probably
don’t see that we have too many listing announcement.
Regarding
listing, please refer to the below link :
our
dedicated listing manager will certainly go over with you for all details
regarding the project and it then has to be proposed to the listing board for
the final approval.
thanks
D.
| Satoshi Club: how
many blockchains do you support currently?
adam: about 70-80
D.
| Satoshi Club: wow
Gold
Rocket | Satoshi Club: Great
number👏👏👏
D.
| Satoshi Club: so
you can list project from any blockchain?
adam: Yes, as long as it is promising.
developing the underlying protcole will not be an issue!
D.
| Satoshi Club: perfect!
👍
thanks
for answer!
Gold
Rocket | Satoshi Club: it’s
incredible to be honest👍
D.
| Satoshi Club: ready
for the next question?
adam: yeap
Q5
from Telegram user @cryptofollower
About
the multi signature cold wallet technology, are you storing the costumer tokens
on the cold wallet? If so, how do you liquidify them for trading? As 98% of the
assets will be stored on the cold wallet are you going to use off-chain trade
system? If there is an exploit happens with trading system, can you use
ledger’s insurance?
adam: Cold wallet storage is different
than order matching. These are two seperate processes. The answer to the
insurance is 100% exact. If there are any risk occuring to our ledger vault
system. we are reimbursed up to 150 million dollar
D.
| Satoshi Club: this
is sounds safety 👌
Gold
Rocket | Satoshi Club: thanks
for the answer. want to add something or can we proceed to the last question of
this part?
adam: Yes please
Q6
from Telegram user @victorogb
It
is interesting to know that, instead of selling the VXT token, VirgoX has
decided to give out VXT to community members as rewards, specifically to those
who have contributed to the ecosystem and performed activities beneficial to
the ecosystem. As an exchange considering that this is your native token, how
sustainable is this approach and does it necessary mean that I can’t trade VTX
pairs until my activities are deemed to be beneficial or I have made
substantial contributions to the ecosystem to get rewarded with it?
adam: You can always trade VXT as a way to
get involved in the ecosystem. What we want to promote is that we would reward
behaviors that contribute to our ecosystem growth. Instead of pumping and
dumping tokens , we want to diversify the use cases of VXT and enrich the true
value of VXT holders
thanks
D.
| Satoshi Club: do
you planning to organise some contests for community? maybe bug bounty programs
or something like this for white hat hackers 😄
adam: yes , we do!
please
contact us support@virgox.com for such suggestions
Gold
Rocket | Satoshi Club: Thank
you for your answers! @adamtor share useful links and information with our
community before the second part of our AMA please🙏
D.
| Satoshi Club: [
👍
Sticker ]
adam:
Telegram:
https://t.me/VirgoX_official
Twitter:
https://twitter.com/VirgoX_Exchange
Discord:
https://discord.com/invite/qEJPywu
Medium:
https://medium.com/virgox-exchange
D.
| Satoshi Club: @adamtor
big thank you for the answers in part 1!
we will open chat for 2 minutes, after chat will be closed – you can start
select questions from Satoshi Сlub members!
😇
Gold
Rocket | Satoshi Club: get
ready for storm of the questions😁
adam: sounds good!
Part 2 — live questions from the Telegram community
How much minimum and
maximum of idle assets we can store in VirgoX Vault? How much guaranteed VXT or
APY we can earn in a certain period while staking it?
adam: On our virgox vault page , you can easily see the
minimum and maximum amount available for participating . And vxt bonus is
dynamic to be adjusted to reflect proper APY . in the past 30 days , it has
been averagely over 50 %
Q2 from Telegram user @topind7
What is the meaning
behind the name VirgoX, does it have any origin?
adam: It origins from virgo. It represents pursing
perfectionism and taking resposibility
Q3 from Telegram user @centoscu
KYC is required for 20k
and more trading limit. Can I use lend or borrow within your system without KYC
if I don’t go higher than 20k?
adam: Yes you can 20 k is only limited to the 24 hour
withdraw and it applies to all product lines we have
Q4 from Telegram user @Derazy
As for marketing
strategy, most of startups rewarding user who can invite new user to join, or
called referral. Does VirgoX has this referral program? What is the scheme or
requirement to meet the reward? How much will I get by inviting new user?
adam: We provide referral bonus for referral in many ways .
It includes trading commission shares , vxt vault bonus shares , financial
product bonus shares , quick bids commission shares etc essentially you get a
part of shares from your referees for all activities he conducted
Q5 from Telegram user @vedamatrix
What is the highest APY
you give on VirgoX Vault?
adam: The highest APY usually happens when new asset is
being introduced . like we introduced dot last night to vault , the APY was
once 15000% as time goes the APY goes down with increased amount of asset being
staked
Q6 from Telegram user @ KhaleesiTheCryptoLady
How much is the total
supply of VXT? Any plans to buyback or token burning? Also, beside from VirgoX,
where can we buy $VXT?
adam: The total supply is 500 million and you can see vxt
circulating supply on virgox vault page and you can also see the buy back
amount on vxt vault page too . We buy back and burn vxt every single day and
the burning address is published to ensure full transparency
Q7 from Telegram user @ronaldo_super
What is the maximum
leverage do you offer as bids on FX market?
adam: For all FX products as well as other contract trading
products we offer 100 times leverage and for fx / usdt based , no funding rates
this is quite a big difference than other platform
Q8 from Telegram user @neverencryp
On your website there is
the new platform you just launched called the VirgoX Vault, which enables users
to be able to farm some assets and harvest only the VXT token. I will like to
know how long we can lock a asset and are there no backlash when we harvest
early. I will like to know the highest APY among all these assets we can stake.
adam: On virgox vault , this is no lock up and you can reap
vxt bonus every 30 seconds ! Peace mind assured !
Q9 from Telegram user @cob_ba_ba
What is the greatest potential
of ViegoX? What are your priorities in 2021?
adam: In short words , we will become the bridge to Defi ,
stablecoins and NFT in 2021 ! These are the most popular spaces in the crypto
industry now and we need to act well in terms of optimizing strategy for users
and save them time while still able to reap the most benefits as they could
Q10 from Telegram user @KeymerS
Many exchange platforms
are beginning to integrate NFT tokens on their platforms, benefiting the most
loyal users and other contests, does Virgox plan to implement NFTs on its
platform? or is stablecoins enough?
adam: We plan to integrate erc-721 to start with and then
potentially flow protocol . you will be able to store your nft token with us as
well in the very near future
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:
Educational task of Satoshi Club drives us to acquaint you
with all new projects. We were delighted to welcome our guest from Polkazeck.
The AMA took place on April
9th, 2021 and our guest was @Louiszeck.
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
We conclude our today’s AMA marathon series with Polkazeck. 😊 Today our guest is @Louiszeck!
Andrés M. | Satoshi Club: @Louiszeck we are glad to have you here, welcome
Louis Polkazeck: Thank You for having me
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @Louiszeck!
Gold Rocket | Satoshi Club: Let’s start !
Introduce yourself please. How did you get to be
involved in crypto & Polkazeck?
Louis Polkazeck: I’m Louis Richard, a blockchain enthusiast that has been in the space since 2017 having invested in numerous ICOs and IEOs. I’m also the co-founder of Polkazeck project
Gold Rocket | Satoshi Club: What is the essence of your project? Great experience👍
Louis Polkazeck: The essence of our project is to change the scope of rugs in the space….I mean we’ve seen how numerous projects have exited scams after raising good amounts of funds so we intend to let people know that there can be a change in that regards. Team is anonymous and it doesn’t deter us from delivering massively with the little funding we got initially. Our works speaks for us
Andrés M. | Satoshi Club: Completely agree
Gold Rocket | Satoshi Club: ☺️Thanks for your intro! Ready to proceed to the questions from community?
Louis Polkazeck: Yes 👍
Q1 from Telegram User
@cryptofollower
As I see on your roadmap at 2021 Q2 you will be
integrating Binance Smart Chain into Polkazeck. And after that on 2021 Q3,
polkadot migration and integration. As polkadot allows developers to seamlessly integrate all blockchains into their project while connecting all
blockchains together with parachains, wouldn’t it be better idea to first move
to polkadot and integrate the other blockchains like BSC to the project
afterwards? Why are you making hurry for BSC integration as it will be easier
to integrate it if you adopt polkadot first?
Louis Polkazeck: It’s not an easy process to become a polkadot project as there are numerous things to be done to become a parachain…..The gas fees is quite crazy especially when it has to do with our contract that contains tax and deflation mechanism so we thought it would be best to bridge between both chains to make trade easy. The main idea of the BSC bridge is to make trading quite easy, so far so good we’ve really done very well
Gold Rocket | Satoshi Club: It makes sense of course👍. thank you very much for your reply! want to add something? or ready for the next question?
Andrés M. | Satoshi Club: Great idea, it will be easy to deal with fees
Louis Polkazeck: I’m ready
Q2 from Telegram User @yellowchamp
As an open-source design of ecosystem means that
members of the community or users can take over the platform if the early
developers are no longer available to perform their duties. So,can you explain
more about this statement in your medium article? So,if the early developers
are no longer available to perform their dutirs,can anyone in the community or
users will be able to replace them? If ever it will happen,the idea is cool but
how possible for users or Community members to be part of the back team or
developers for Polkazeck? Do you have any criteria for consideration? If this
would happen that developers can no longer perform their duty,why not hire new
one capable? Thank you
Louis Polkazeck: It’s very possible because we want a system that works for all. Project owners are fond of leaving the project at will after they must have gotten what they need and make those that invested their hard earned funds languish in pains and agony. We are working on our DAO system and we want a situation where it will be completely decentralized once launched thereby giving the community the opportunity to run the project if the project owners decides to venture into something else instead of abandoning the project and leaving everyone sad, so the DAO will cover up for this if such situation ever arises
Andrés M. | Satoshi Club: Thanks for the clear answer, do you want to add something before the next question?
Gold Rocket | Satoshi Club: Clear position! thanks for the answer!
Louis Polkazeck: I’m done with the answer
Q3 from Telegram User @dudeiebitch
I heard about your pre-sales that took place on the
SAFU platform which you sold out, congratulation on that. I will like to know
your hard cap and soft cap with the time it took you to sell it out before
reaching the hard cap or soft cap.
Louis Polkazeck: Before the presale on SAFU, we held a mini private sale where we raised 35 Eth so we had to raise 165 ETH on SAFU for presale and if I can remember vividly well, it took us less than 20 mins to hit the hardcap on SAFU even when previous campaigns on SAFU failed on the platform
Gold Rocket | Satoshi Club: Not a bad result👍
Louis Polkazeck: So we can say we actually brought back interest to the platform
Q4 from Telegram User
@PrashantMahajan018
Airdrop is featured as one of the features of this
project, although it’s known that sometimes Airdrop could lead to big dumps and
that is being often questioned by longterm/loyal investors/hodlers. How does
the team plan to tackle this situation? Is there a fixed amount of Airdrop of
tokens planned?
Louis Polkazeck: The airdrop planned for this project is not the normal type of airdrop you see other projects do, our airdrop is specifically for holders of ZCK. Again there will be different types of airdrops as that’s the way the project has been designed as it’s going to be a very big ecosystem. Our first airdrop will be the OVEX tokens to ZCK holders which will signify the launch of our AMM DEX called Omniverse
Louis Polkazeck: Again we are looking at the best way to prevent the dump as suggested and more information will be released prior to release
Andrés M. | Satoshi Club: How can we join? How many ZCK tokens are needed?
Louis Polkazeck: It will be based on proportions, the more ZCK you hold, the more OVEX tokens you’ll get…..The ratio is 2 OVEX : 1 ZCK
Andrés M. | Satoshi Club: Great opportunity for our users to earn tokens, thank you so much. Ready for the next question?
Louis Polkazeck: Yes
Q5 from Telegram User @Highpee
Polkazeck rewarding system for investors allow them
to earn up to 20% of presale funds raised by Polkazeck during presale. Is this
reward going to be for early, medium or long-term investors? How will it be
distributed and what will be the requirements? And in addition, you are also
going to offer cashback rewards to Polkazeck users. What product will you be
providing for users to purchase and earn cashback whenever they make purchase?
Louis Polkazeck: The 20% from presale is already in use for those staking ZCK. You stake ZCK to receive rewards in WETH,USDT and WBTC. It also doesn’t matter if you’re an early investor or not as it’s for all
Louis Polkazeck: As regards the cashback, it’s still one of those options we will be looking at towards Q3 and Q4 of this year. For now we’ve not decided the best way to go about it but be rest assured our investors will love what we will come up with
Gold Rocket | Satoshi Club: Thank you very much for the clarification! I’m sure your investors will be very happy.😉👍
Ready to proceed to last question of this part?
Louis Polkazeck: Sure
Q6 from Telegram User @johana0012
Polkazeck is the world’s first decentralized
cross-staking with a guaranteed payback platform and stable governance powered
by Polkadot. Once users have a certain amount of ZCK, they can receive a
certain amount of ZCK tokens in cash back. Can you explain how you can be
eligible to earn the rebate? Are earnings based on frequency? Is your system
well built to meet these needs?
Andrés M. | Satoshi Club: Partially covered
Louis Polkazeck: Like I said we had this in mind initially when we made our litepaper and it is subject to change as we intend to modify it
Andrés M. | Satoshi Club: We will be expecting for news about it, could you give us some links to your communities to join?
Part 2 — live questions from the Telegram community
Q1 from Telegram User@cryptofollower
Some of the projects are launching another token or
even another project for moving to binance smart chain. After you adopt BSC,
what will be the future of ethereum blockhain on Polkazeck ecosystem? Do you
think the erc20 blockchain usage will drop?
Louis Polkazeck: We don’t think Erc 20 usage will drop because 99% of crypto users still use eth blockchain network in one way or the other irrespective of the current high gas fees
Q2 from Telegram User@Pratze
I
hear that Polkazeck is creating unique way and flexible to payout reward from
staking, can you describe how is the way ? Are there any punishment if we
unstake it ?
Louis Polkazeck: Yes our staking method is quite unique as we decided to reward stakers in other coins such as WETH,USDT AND WBTC so it doesn’t have impact in our price once stakers are paid in ZCK. You are free to unstake at anytime without penalty
Q3 from Telegram User@Airborne19
Can
you tell me more about your FUTURE AIRDROPS…who will be eligible to got ZCK
token through it?
Louis Polkazeck: Our first airdrop is for those holding ZCK and they will be eligible to receive OVEX at the ratio 2:1 while the subsequent airdrop will be NFT for both ZCK AND OVEX holders
Q4 from Telegram User@smelekin
There
is a fee of 3% for every transaction of ZCK so where will you distribute these
tokens?
Louis Polkazeck: The 3% fees are automatically redistributed to ZCK holders once any transaction occurs on the smart contract
Q5 from Telegram User@Korryl
Polkazeck
have 2 native token $ZCK and $OVEX token, please give the reason why your
project need 2 token , where is the place to buy the token ?
Louis Polkazeck: We have just one token which is ZCK, ZCK is the overall token for our ecosystem while OVEX is the token that powers the omniverse dex, you earn OVEX by holding ZCK but we are looking at other ways for liquidity provision prior to launch which is very close
Q6 from Telegram User@atillayeni
What
is your tokenburn strategy? How much tokens will you burn for each transaction?
Louis Polkazeck: Already there’s a 2% deflation in every transaction and we intend to permanently burn a fraction of ZCK marketing tokens upon every release
Q7 from Telegram User@Pirry05Universe
PLEASE
SHARE THE POLKAZECK ROADMAP. WHAT IS THE CURRENT STATE OF THE PROJECT DEVELOPMENT
AND THE PLANS AHEAD?
Louis Polkazeck:
Here is our roadmap, I can confidently say we are about 85% close to
omniverse Dex completion.
Q8 from Telegram User@azrayeni
Why
did you choose solidity finance for auditing your smart contract? Are they good
with auditing?
Louis Polkazeck: At the time they were very good and still very good…..They did an excellent job for our team and as you can see you can hardly see a complicated contract like our without issues but then the audit results were top notch. We are in discussion with another top audit firm to audit our ovex smart contract
Q9 from Telegram User@testercoin
Polkazeck
aims for complete decentralization but one of your aims is building a bridge to
BSC. As BSC belongs to Binance won’t this break the decentralization?
Louis Polkazeck: I don’t see the issues here…..Eth network belongs to vitalik and it doesn’t affect decentralization…..no one controls the BSC smart contract not even CZ himself…..BSC isn’t Binance exchange
Q10 from Telegram User@kimzyemma
The
airdrop will be specially for ZCK holders. How do you want people to be an
holder of the coin (ZCK) before the airdrop?. Are they going to mine the token
before then? Or there is another way on ground for this?.
Louis Polkazeck: ZCK is already tradable on uniswap and Bitmart exchange
Part 3 – Quiz
Results
In the final part we tested your knowledge in terms of Polkazeck.
They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
