Month: April 2021

We were delighted to welcome our guest from Moon Stop. The AMA took place on April 25th, 2021 and our guests were @pamptacular_lambos and @Sunny_Soso .

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

Gold Rocket | Satoshi Club: Hello, dear community! We are pleased to announce our next AMA with Moon Stop!Today our guests are @pamptacular_lambos and @Sunny_Soso!

Sunny: What’s uppppp everybody Thanks for having us!

Andrés M. | Satoshi Club: Hello Satoshiclubbers, another amazing project is here. @pamptacular_lambos @Sunny_Soso welcome to our group

Matrix.hh: Hello all, thank you for having us!

Andrés M. | Satoshi Club: How is going your day guys?

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @pamptacular_lambos and @Sunny_Soso!

And sorry for the little delay!

Matrix.hh: No worries at all 🙂

Sunny: Going great! Just finished up some brunch. Ready to rock n roll

Gold Rocket | Satoshi Club: We are very glad to conducting AMA with Moon Stop!😊

Matrix.hh: Likewise, we have been excited about this all week.

Andrés M. | Satoshi Club: Let’s have an amazing AMA, it is an honor for us to have you here

Sunny: Likewise!!

Andrés M. | Satoshi Club: @pamptacular_lambos @Sunny_Soso please introduce yourself, we want to know more about you 😁

Gold Rocket | Satoshi Club: How did you get to be involved in crypto & Moon Stop?

Sunny: I’m sunny! I handle a lot of the creative direction/meme maker behind MoonStop and help out with community outreach.

Matrix.hh: I am a crypto enthusiast that goes by the Moniker Matrix.hh – I was originally introduced to cryptocurrency in 2018. I started investing then and just recently had the idea to start our coin, Moon Stop. I think the bull run got to my head with all the memes😆I was petting my cat drinking coffee when I had the idea actually and just went for it. It has been a crazy journey so far and I am super excited we have made it this far.

Andrés M. | Satoshi Club: Could you show us some memes?

Sunny: Been in crypto since 2015 and have helped out with creative direction on a handful of projects. Initially I had heard about MoonStop though a group of friends. Starting talking with our Dev Matrix about the project and ended up joining in on the first presale. From there, got to know the community – made a bunch of memes.. and the rest was history

Sunny: Hahaha let me dig though the pile

Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team?

Gold Rocket | Satoshi Club: Lol 🤣🤣🤣

Matrix.hh: @Sunny_Soso actually made the very first Moon Stop memes – some of our community members actually staked Moon Stop in return for OG Moon Stop NFT’s. We are working with Unifty to get our new farm up and running today actually.

Matrix.hh: Working with as in using their platform 😀

Andrés M. | Satoshi Club: Great background, great ideas come out of nowhere

Sunny:

Matrix.hh: Haahahahah man some of those memes Sunny made gave me some great laughs.

Matrix.hh: (we will explain this meme soon for anyone who doesn’t know our backstory yet)

Gold Rocket | Satoshi Club: aww… I feel these memes will be useful to you today while answering questions from our community😁

Sunny: Hahaha I mean… there are too many to keep spamming here

Sunny: But you get the point. We’re having a lot of fun with it

Gold Rocket | Satoshi Club: so please tell us more about your team?

Matrix.hh: The rest of them will also be available on our Unifty farm soon.

Matrix.hh: So our team consists of about 4 people, we all met on Telegram actually. Sunny was there with us in our darkest days making memes and some of our other team members, C, M S, and VODKA TONIC have also been a great help. They were all there on day 1 of Moon Stop and have been vital to our success.

Sunny: We’re a group of crypto enthusiasts who have all been rugged 1000x times. In coming together, we found that transparency within our group made us something special. We knew we wanted to do something different with this project. From there, we’ve had tons of group meetings and voice chats – using each of the teams abilities to help grow the community.

Matrix.hh: ^^ ahh yes, and that haha. Been rugged too many times to count.

Gold Rocket | Satoshi Club: lol😂

Sunny: We want to prove that you can make projects like this a huge success without being dishonest – and that transparency is what makes a memecoin into a genuinely healthy project for all involved.

Andrés M. | Satoshi Club: Thank you guys for this amazing and funny introduction, we have collected some community questions, are you ready to go?

Matrix.hh: Yes absolutely!

Sunny: Yup!! Let’s do it

Q1 from Telegram User @yellowchamp

There is a non-stop of burning of tokens in Moonstop,so can you explain why does your platform burn as many tokens as you can in your platform? What is the main purpose of burning a lot of tokens? What is the effect that this burning of tokens will brings towards your platform and to the investors and traders? Thank you

Matrix.hh: Great question, I was actually hoping to touch on this today.

Sunny: ^ imma let matrix answer this one

Gold Rocket | Satoshi Club: Pick up one of your lovely memes to answer 😁

Matrix.hh: Our token burns function primarily as a gesture of good faith to our community members – to date we have burned over 100,000 USD worth of tokens. Due to the coin allocation and the nature of our contract, not all funds are 100% locked at all times, and we have found that by burning coins and creating more scarcity, this establishes trust in the community and acts as an incentive to continue reaching new milestones. We primarily burn coins at marketcap increments, and also at community decided milestones (holders #, etc). So with many coins being unlocked (currently, we are working on locking and reallocating some wallets), we hope to show to our community that instead of selling those coins and crashing the chart, we want to create more scarcity and do something to benefit our holders. We have burned 30 million coins so far, which is 1/10 of our maximum supply. And we will continue burning coins until we land at our max circulating supply, which will end up somewhere in the range of 220-250 million. Now that I think of it…. we should burn some coins right now. I’m going to send 5 million coins to our 0x000dead wallet just to illustrate the fluid nature of our approach to coin burns.

Sunny: Had to whip this one up on the spot hahahaha

Andrés M. | Satoshi Club: Great mechanism, has it any effect in the token price?

Gold Rocket | Satoshi Club: it is so unusual! we have not yet burned coins live during the AMA😃🔥🔥🔥

Matrix.hh: https://bscscan.com/tx/0xc2dfd277978d95940d2c2430312c00eb18b6731ec6b69df3b341001b480e37f7

Matrix.hh: Alot of coins have their burns set up automatically and built into their contract – which is awesome. But by doing it this way it makes everything more engaging and fun I think.

Andrés M. | Satoshi Club: Wow 👏

Gold Rocket | Satoshi Club: @Sunny_Soso @pamptacular_lambos Guys! You know how to strike the imagination😁

Andrés M. | Satoshi Club: Completely agree, thank you so much for choose our community to check that event

Sunny: We like to have fun with it! We want to make a project that is equally fun as it is a lucrative investment. Essentially – we want to cross both worlds together.

Matrix.hh: @AndresM77 great question – there is a common misconception in the crypto community that coin burns instantly cause upwards price action. I think the scarcity absolutely helps long term, but unless someone burns coins that were actually previously bought, the approach has different results. Our coin burns act primarily to increase scarcity and engage with the community and build hype. Everyone loves a good 0x00000dead transaction 😆 There was one coin burn we did though where not even a minute later the chart pamped. Was it due to the coin burn or the hype from the coin burn itself? That is for everyone else to decide!

Sunny: NFT farming will be a lot of fun, but we still want to find out niche in providing a solid use case. We’ve definitely got some fun competitions and lottery ideas coming up. We also want to be the first memecoin to figure out a way to give away a Lambo to one of our lucky holders.

Andrés M. | Satoshi Club: You are right, thank you so much for the clarification

Gold Rocket | Satoshi Club: And we really liked your answers! Ready for the next question? Or do you want to add something?

Matrix.hh: Nope, ready to go!

Sunny: Ready for the next!

Q2 from Telegram User @cryptofollower

There is a reminder on your telegram about you have migrated your contract. And I think with this you also should’ve move the liquidity too. But I tried to buy some MNSTP tokens from pancakeswap with your v5 contract. But whichever parity I try it always gave an error “insufficient liquidity for this trade” message. Don’t you have liquidity on pancakeswap right now? What do you say about this liquidity problem? Are there any liquidity problem right now?

Sunny: We’ve been troubleshooting – we’re working on a video that explains how to bypass this problem but for now we’ve been sending out instructions to our members of our telegram

Sunny:

Sunny: Q: Why is Pancakeswap not working?

A: Pancakeswap are migrating their system.

Please click on the V1 version ( circled in pink).

If you end up on the homepage click the three purple lines ( TOP left).  Click on TRADE then EXCHANGE. You will now have access!

Sunny: Matrix will give you an idea of what our plan is to fix this problem

Andrés M. | Satoshi Club: Thanks

Matrix.hh: Great ? and we absolutely appreciate and respect inquires like this. We currently have plenty of liquidity and I think currently with the Pancake swap v1/v2 there has been some confusion. Right now if you try to trade on v2, you will receive that error. Our coin is currently located on v1 – as for liquidity, we also definitely wanted to touch on this as well. You can see a breakdown of our LP holders where 70-80% of our LP will ALWAYS be locked, but as many have learned from Safemoon – the way these tokens that have hardforked Safemoon are designed, the tx fees provide new liquidity to an unlocked wallet. We will be closely monitoring the liquidity %ages and making sure the locked coins and 0x000dead coins are always the majority LP token holders. I will touch briefly on why having some liquidity unlocked is also not a bad thing, it allows us the opportunity to provide LP on other platforms which we are currently looking into. It also takes selling pressure off the chart if we are able to use a small % of those funds for marketing efforts and lambo giveaways, contingent on how high our liquidity pool becomes over time.

Andrés M. | Satoshi Club: Talking about holders, what are the main benefits for them?

Matrix.hh: Also, our liquidity pool currently backs 6.38% of the current marketcap.

Matrix.hh: @AndresM77 great question – our contract is a reflection token similar to Elongate and Safemoon. By holding the coin, 4% of every transaction is redistributed to anyone holding the coin. We are working on developing a system as well where, in essence, every coin equals 1 “raffle ticket” – so the more coins one holds, the higher the chance of winning weekly or monthly prizes goes. This incentivizes holding and buying, and we are considering doing this for all holders and all holders who have staked their coins in our NFT farm.

Matrix.hh: Until we have that contract fully developed, though, the primary incentive is the 4% redistribution.

Gold Rocket | Satoshi Club: Thank you very much for this great answer. Ready for your next question or want to add something?

Sunny: Another big part of our project is going to be giveaways, lotteries, and even airdrops of other projects (not moonstop related). Anything we can do to incentivize people holding our token and riding the rocket with us long term is our goal.

Andrés M. | Satoshi Club: Great answer, thank you

Matrix.hh: I think we are good to move on!

Andrés M. | Satoshi Club: Amazing, do you have any giveaway event at the moment or airdrop?

Matrix.hh: Our upcoming giveaway will be an NFT redeemable for BNB prizes and one ultra rare NFT worth 1 million MNSTP – the catch being, one must stake their coins in order to build up enough points to redeem it! By staking coins, they are temporarily taken out of circulation, resulting in less selling pressure. Eventually we want a large % of the circulating supply to be fully staked.

Sunny: We are working on a partnership with another great token (not sure if I can announce that here) – and we want to do a 1:1 airdrop for the top 100 holders or so to incentivize holding. More details will be released about this soon!

Sunny: ^ this wouldn’t be another moonstop token, but an entirely different project altogether.

Matrix.hh: That as well – after our AMA today I will be working on the NFT farm and delivering that to the community. We had to recreate it due to the migration to our new contract. Anyone who redeemed NFTs from staking the old coin has vintage Moon Stop NFT’s now, though.

Andrés M. | Satoshi Club: Congratulations, we will be waiting for more announcements about your events🥳, let’s proceed with the next question

Q3 from Telegram User @Highpee

Your project has not been live for long, but within these periods, you have released 5 different versions. Version 2 came out because you said there was an error in version 1 Smart-Contracts. Version 3 which came to correct that has some issues of transaction fees. Version 4 that was to solve version 3 problem was messed up by bots, Now version 5 is here. How are you going to ensure that this recurring issues that happened within a short space of time is permanently addressed and what steps are you taking to avid a reoccurrence? What should investors do with the tokens they are holding from the previous versions and which of the version tokens is presently valid and currently on sale?

Sunny: Gonna let our Dev answer this one 😉

Matrix.hh: Thanks for the ? – so as everyone who has been involved with our community knows, we had a rough launch. I will share a breakdown of everything we learned from

v1: dxsale’s standard launch created an entirely new coin and our launch price was higher than presale, so many people dumped the instant it launched for instant profit. In retrospect, it could have been easily avoided, but there was also the issue of not owning the contract through Dxsales standard launch.

v2: this contract launched and had a mint function, so we launched v3.

v3: v3 had 0 tx fees and was getting absolutely abused by bot traders, slowly draining the stagnant liquidity pool due to 0 tx fees.

v4: the presale failed to finalize because someone who received the v4 airdrop added liquidity before launch, and artificially inflated the marketcap to 2 billion (yes, billion), US dollars. One of the craziest things ive ever seen.

V5: we finally got it right and our contract works perfectly – no mint function, successful launch, tx fees, redistribution, and more.

As evidenced by the successive issues from each coin, I clearly had a lot to learn so I hired an amazingly talented developer – he was actually one of the primary devs from everyones beloved memecoin that started this all, Dogecoin. Be sure to check out his project as he is an amazing dev and his current project is epic (Dogira!)

I have tried to be very transparent about the shortcomings and believe we have landed on our final iteration, V5. Anyone who held V1 coins through V5 received 1:1 airdrop coins successively minus a few stragglers which we are working to sort out on a case by case basis. The rocky launch was not ideal, but it is what it is and we are where we are now. The fact our coin was listed on CMC I think acts as a testimony to the fact even though our launch was rough, we are still legit and persevering through it!

Gold Rocket | Satoshi Club: oh that’s so cute😁😍

Andrés M. | Satoshi Club: Is possible to see a V6 or everything is ok with V5?

Andrés M. | Satoshi Club: Great design 💪

Matrix.hh: as for the presale funds from each of these, I have been adding unlocked liquidity to each new coin which is also what has allowed us to make it this far. Had v1 been 100% locked, we wouldnt be here today, as only had 400k coins from that launch and those funds have allowed us to continue forward,

Matrix.hh: As for a v6 – I am hesitant to say that is on the table anytime soon. V5 works perfectly and has stabilized nicely.

Gold Rocket | Satoshi Club: I like your openness… to be honest nobody is perfect … Even Ethereum 😉😁

Matrix.hh: Lol exactly, we have learned from each mistake and become better and better after each one which is the main thing that matters I think.

Andrés M. | Satoshi Club: Happy to know it, great job guys 👏

Sunny:

This is what our V4 contract did upon launch by bot manipulation and someone else adding liquidity. It brought out MC to 2B with virtually no liquidity locked. Haha. It was madness – we were all just watching it happen like 😮

Matrix.hh: HAhahhahaha man, that night was so crazy. People in our chat were like at this rate we will surpass Bitcoin soon!

Gold Rocket | Satoshi Club: you are great! you are not hiding anything. do not be afraid of difficulties and go forward to the moon😉🚀🌖

Andrés M. | Satoshi Club: Haha it is like a x1000 😁

Sunny: We’re really learning as we go. We got some help with the V5 contract from somebody very well known in the crypto space – I wish I could name drop them but I don’t think I’m allowed to. We really want to make it work with V5. There are no plans to change the contract at this time.

Andrés M. | Satoshi Club: Well guys, ready for the next question or do you want to add something else?

Matrix.hh: Lesson learned – do not airdrop coins before a launch, as it is a vector for attack!

Matrix.hh: Nope, good to go!

Sunny: I’m ready for it! Matrix?

Sunny: Sweet

Q4 from Telegram User @NataliyaKil

After reading several reviews in social networks about Moonstop, I realized that the development of the project is difficult. It is believed that the team seems like one of the hardest working out there, the initial contract and presale didn’t go to plan, the current marketcap is still very low, some users have multiple moon stops in their Trustwallet, but the information is not updated.

So what are the real difficulties you faced on the path of becoming Moonstop, did you overcome all the obstacles and does your community support you, which is very important?

Sunny: Gonna let matrix take this Q an add a little comment afterward

Matrix.hh: Thanks for the ? Nataliya – I think our biggest obstacle right now is putting the successive coins behind us and focussing solely on v5. When CMC listed the wrong contract address, it definitely created a huge headache for everyone but they finally listed the right one (on 2200 watchlists btw!). The Trustwallet pricing issue I belive is not specifically for Moon Stop, and is an issue with their API pulling information from CMC which does not update instantly. We are looking further into this though. The most accurate reflection of price is in our chat where we have a pricebot setup. As for if we overcame all the obstacles – we have overcome most of them, but I am certain there will be more as we continue on our journey and path. What those obstacles will be, no one knows. But we are ready to face them and power through them! I also believe our community supports us greatly, which is another reason we have made it this far.

Gold Rocket | Satoshi Club: Quite right! Community is the blood of the project! Success comes with customer support!

Sunny: The people that have been with us since our V1 launch have been extremely supportive and helpful. There are a lot of extremely helpful people on our telegram that are helping people troubleshoot any technical issues and explain things to newcomers. We’ve kept a pretty loyal following in staying as transparent as possible with what we’re doing. We really feel like we have one of the best and most supportive communities out there, and we’re extremely thankful to be able to work hard on this project alongside them.

Matrix.hh: Absolutely, and I definitely respect anyone who has stuck with us throughout the rocky launch – they are veteran hodlers after this!

Andrés M. | Satoshi Club: Btw, to increase the security and avoid coming problems, have you audited your project?

Sunny: Even people that hopped on after V1 and newcomers to the project seem to find a place at home with our supporters.

Andrés M. | Satoshi Club: Yes, I see that you have an amazing community

Gold Rocket | Satoshi Club: You can be proud of your supporters

Matrix.hh: Our current contract is verified and we are reaching out to WOR to get everything fully audited. We want to have the coins properly allocated and have 0x00000dead as our #1 wallet address first, but this is certainly in the works and coming soon. There are two aspects to the audit – being rugproof, and security, of which I believe we will certainly easily pass once we get the coin allocation in order and lock more coins.

Andrés M. | Satoshi Club: Great job, it will increase the users trust. Btw, currently we have a question regarding to that mentioned wallet, ready to proceed?

Sunny: A big shout out to our supporters who tuned in from all around the world to join our AMA. You guys are the best. Can’t stop, won’t stop MOONSTOP, baby!

Matrix.hh: Yep!

Q5 from Telegram User @andrey_seleznov

Hi MOONSTOP!

This dev wallet 0xd2f42d13243d65Ce1A337b80c1812Fc83FB14ee6 contains more than 40% of token supply, doesn’t this look potentially scary for early adopters?

Also related question: BSCscan shows that the contract is not renounced and still owned by the same dev address I mentioned above. Do you plan to renounce it and make the project truly community owned? How were people reacting to this, was this raising suspicions and if so how did you put early users at ease?

Sunny: Matrix gonna grab this one 😎

Matrix.hh: Thanks for the ? Andrey – the primary wallet was designed to act as a reserve for coin burns, which has allowed us to burn the coins in a flexible and fluid manner. One coin will never be sold from that wallet and I do agree it does look scary, but the tx history of that wallet should show it is being used as intended. Once we finish burning all coins, that wallet will slowly fall to a lower and lower holder # and 0x0000dead will be in place of it. As for renouncing ownership, considering there is not a mint function in the contract, we still need to be able to operate the contract in order to whitelist addresses for staking in our NFT farm (without whitelisting them, they will be subject to tx fees for staking and unstaking which is not ideal). We have absolutely no problem renouncing ownership, but still need to have access to certain functions for the time being. If the community decides they want it renounced, however, we can move forward with that. There just isnt a pressing need for it currently and the benefits of operating the contract functions currently outweigh the notion of renouncing it I believe.

Andrés M. | Satoshi Club: Thanks for the clarification, before to proceed with the next question and talking about the different versions of the project, when you change your contracts how do you move old tokens to new contract?

Matrix.hh: We take a snapshot and run a script that airdrops coins at a 1:1 ratio. So anyone who held during the snapshot receives the new coin without having to do anything at all.

Andrés M. | Satoshi Club: So there is a new token each version, right?

Matrix.hh: Yep, a new and improved contract has been launched each time – each being of the Moon Stop brand, but technically a new coin. V5 is the final iteration, however. Again, I apologize to everyone for any confusion that was caused by this but it was necessary to move forward successfully.

Sunny: Indeed. This is a list of all of the previous (and current) contract

V1: 0xa62780d62e826340c18feec187668326f35ccc0d

V2: 0x8b2f91b199555dd5ff78c3d72a794290a348281b

V3: 0x44c928e154d2f8bf41557ac2c93fb398263af0dd

V4: 0xd27c81616f70b49046a24485fb5b72dd1aafc6a5

V5 (current): 0x150159c72f0f9ef9000bf95e242de6682480d6d3

Andrés M. | Satoshi Club: Thank you guys for the clear answer, ready to proceed with the last question of the first part?

Matrix.hh: Yes!

Sunny: (Just in case anyone needs it). It’s also provided in our telegram chat upon request

Sunny: Let’s dooo it

Q6 from Telegram User @AmirJosh

$MNSTP Coins can be used for staking, resulting in points redeemable for NFT’s. What will be the usecase of MoonStop NFTs other than trading? Are you gonna build a product around it for example a gaming platform? Where can users trade MoonStop NFTs?

Sunny: JK! 🤣🤣

Andrés M. | Satoshi Club: Haha, In that case what will happen with the tokens of the old versions?

Sunny: It’s funny – a lot of people market dumped them after snapshot.. and a lot of people held on to them as souvenirs (lol). Surprisingly some people still trade some of the old versions as there is still liquidity in most of the pools. I held on to mine as a souvenir – and a reminder of our growth (and mistakes) through this process

Sunny: Btw – we don’t recommend trading any old versions of moonstop. V5 is our contract and we are not condoning any of the others rn.

Andrés M. | Satoshi Club: Haha collectible tokens

Sunny: Hopefully one day they’ll be redeemable for NFT or other fun prizes.. we want to find a way to reward the people that held on to our V1-V4 nostalgia coins

Matrix.hh: Great ? – Moon Stop NFT’s are currently tradeable and sellable on the secondary Unifty marketplace and should be compatible on other NFT binance smart chain platforms. As for future developments for the coin itself, we are looking into privacy use cases and as the coin grows (allowing us access to new resources) we will continue developing ideas and developing new things. We ultimately want to create a system that provides liquidity for super rare NFT’s, which would take acquiring and owning them to a whole new level. Definitely stay tuned for more as we navigate this.

Part 2 — live questions from the Telegram community

Q1 from Telegram User @Derazy

Where will be the Next STOP after MOONSTOP? 🥳

Sunny: We’re going all the way to Pluto baby, this rockets got PLENTY of fuel. Pluto is a moon isn’t it?

Q2 from Telegram User @csgonub

Do you see Moon Stop as a memecoin?

Sunny: Yes but we also plan on integrating utility into it. That is our mission

Q3 from Telegram User @andrey_seleznov

🖐 Hi MOONSTOP! 🌜🙌

You have a great goal to create a community where everyone can generate as much content and memes as humanly possible. For every piece of content users create, they will be eligible to have the work featured in the Moon Stop meme farm. Please tell us more about this meme farm, what is it and how will it work? Will users be able to farm moonstop tokens by staking NFTs?

Matrix.hh: Moon stop tokens can be staked, in turn resulting in points which allow users to redeem NFTs. Each coin = 1 point per day. So if you stake 100,000 coins, after 24 hours you will receive 100,000 points. If the NFT is valued at 1 million points — it will take 10 days staking 100k coins to redeem it 🙂

Q4 from Telegram User @KhaleesiTheCryptoLady

Beside from Unifty, do you have plan to add marketplace of Moon Stop NFT

Sunny: We are making plans to apply to WazirX exchange. Currently figuring out the best way to fund their listing fee – perhaps a community donation pool.

^ we have other ideas on how to fund it too. More info coming

Q5 from Telegram User @KhaleesiTheCryptoLady

Where does $MNSTP staking takes place? Can I locked or just hold it in Trust Wallet?

How much is the guaranteed APR we can earn in certain period of time?

Matrix.hh: Absolutely — as we grow we plan to hire managers to help us establish non-english speaking communities! Wenn man das Deutsch sprecht, konnen wir uns Deustch sprechen auch 🙂

Q6 from Telegram User @Guandog

As a community-based project, is there anything we can do to make us have fans forever? What plans does moostop plan to implement to have an excellent community in health and disease? in the pumps and in the dumps?

Sunny: You’ve got Matrix and I and the rest of our amazing community here for you in our telegram answering questions and giving you guys the best customer service possible. Come hang out with us!

Q7 from Telegram User @SPAZEEEE

Q. About security as a large project must have very strong security, so that it will be safe from hackers who will break into your project’s operating system, so what security system do you use in your project, sir?

Matrix.hh: Great ? — i am definitely a security nerd and operate all wallets to avoid potential vectors for attack. I dont want to give away too much info though 🙂

Q8 from Telegram User @Arifa879

What are the main targets, partnerships that trying to achieve in the near future? And do you already have collaborative connections with strategic partners in the crypto world?

Sunny: We have some really great advisors working with us, some that have been the part of some really incredible projects (I wish I could name). We plan on expanding our circle of connections and networking with as many robust communities as possible

Q9 from Telegram User @K2ice

You said you will be giving out  airdrops of other projects not related with MoonStop. How will this be achievable and how will you go about it?

Sunny: It would be an airdrop run through a script, airdropping the tokens to people holding tokens at the time of the (announced) snapshot.

Q10 from Telegram User @Arifa879

What is your top priorities in 2021? Could you share some plans for the upcoming year?Which part of the project are you most focused on right now?

Matrix.hh: Right now we plan to focus on marketing, developing new use cases (we want to be the first privacy oriented meme coin, among other things), and attract steady growth over time. Other things are getting the project audited, developing the raffle smart contract, and more.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Moon Stop. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

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Moon Stop Telegram – @officialmoonstopcoin

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Dino Exchange, an automated market-making (AMM) decentralized exchange (DEX) running on Binance Smart Chain with a lot of features that let you earn tokens by yield farming or playing games on our platform.  The AMA took place on April 24 and our guest was Cebastian, CEO of the project.

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.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello again, Satoshi Club! Hello and welcome to Satoshi Club, Cebastitan – @dinoceb!

Cebastian: Hello guys! My honor to be here today.

Mary | Satoshi Club: Welcome here, How is your dino day?

Cebastian: been really good these days.

Mary | Satoshi Club: Introduce youreself. How did you get to be involved in crypto & Dino Exchange?

Cebastian: Hi again everyone. It’s Cebastian, CEO of Dino.exchange. I have been in crypto for more than five years. We are a fully remote team coming from different countries. The majority of the team are based in Dubai.

We’ve worked on Ethereum before jumping to Binance Smart Chain, we see our product that can be a great fit Lego that completes BSC DeFi Picture.

Mary | Satoshi Club: So, i see that you prefer BSC, do you fully deny ETH now?

Cebastian: No of course. No one can deny ETH. Its L2 is also promising.

Gold Rocket | Satoshi Club: Was your decision to switch related to fees?

Cebastian: yes, and speed also.

Gold Rocket | Satoshi Club: Please tell us about your team.

Mary | Satoshi Club: Yes, it will be interesting to know more about it.

Cebastian: yea so we’re an experienced team of 30+ full-time/part-time blockchain developers who come from different parts of the world, with one purpose, offer the best DeFi product to the market of BSC.

Gold Rocket | Satoshi Club: How long does it take to develop Dino Exchange? What plans do you have for the future? And what can we expect from Dino Exchange?

Cebastian: We have lots of plans in the future. First let have a look at our roadmap and overview.

Q1 from Telegram user @mctrho

 I find the fact that the theme of the project refers to dinosaurs is striking and interesting. As other exchanges adopt the theme of unicorns, pancakes, etc, you decided to adopt the theme of dinosaurs, why? I would like to know the story that made you make this decision.

Cebastian: It’s simple :). Dinosaurs are big and powerful. We aim to be a Giant Dino in a new age of DeFi on Binance Smart Chain.

Gold Rocket | Satoshi Club: great goal! and what аlready done and what remains to be done for this?

Cebastian: We have completed our AMM DEX, you can now buy $DINO at swap.dino.exchange  .  We’ve just launched so the price is very tasty. $DINO contract is 0xf317932ee2C30fa5d0E14416775977801734812D, is also coming in a week. Lots of pump hooks incoming!

Mary | Satoshi Club: Wow! That’s cool! So, we don’t need to go to Pancakeswap.

Gold Rocket | Satoshi Club: You’ve taken great strides! And there is still a lot of work ahead! Don’t forget to share with Satoshi Club!

Mary | Satoshi Club: What about audit? Is it 100% safe to use http://swap.dino.exchange?

swap.dino.exchange (https://swap.dino.exchange/) Swap | Dino Exchange

The Dino protocol realigns incentives for network participants by introducing revenue sharing and forum-driven network efforts to the popular AMM model.

Cebastian: Yes. Security is important to us. We are in the process of submitting audit with a trusted firm. More information about this will be updated soon. You can follow us @dinoexchange for updates!

Q2 from Telegram user @testercoin

First of all congratulations that you have done a whitelist lottery and completed an IDO on this Monday, 5 days ago. What’s the fund has been raised on IDO and how long did it take to sell all tokens? Can you share the details about your public sale and any upcoming ICO sales maybe?

Cebastian: oh I’d like to public the number right now but I’m forbidden to.

Because that’s exactly what we’re going to share with DINO community in a couple of days. The number is surprising, truly.

Mary | Satoshi Club: Is it more or less than you expected?

Cebastian: much greater than we expected. We really appreciate the love and interest that the community gave us. Must. Try. Harder.

Gold Rocket | Satoshi Club: Thanks a lot for the answers! Do you want to proceed to the next question?

Cebastian: sure 🙂 there’re lots of info I’d like to share next.

Q3 from Telegram user @RosemaryBianco

 I think a key thing that users look at before using an exchange is to see the transaction and trading fees it has. So, can you tell me about the exchange and transaction fees within Dino Exchange, and are there ways to reduce them?

Cebastian: We have developed our own tech that can make the fee even lower and the speed even faster when people do the trades in our AMM DEX swap.dino.exchange . Our goal is to lower the fee as much as possible so our traders can enjoy trading cryptocurrencies fee-less.

Mary | Satoshi Club: Which fee do you have now?

Cebastian: we have transaction fee at the moment.

Mary | Satoshi Club: So, Dino doesn’t take any fee currently?

Cebastian: we do, a small proportion. And trying to lower and lower the amount.

Q4 from Telegram user @BeaEvolet

DinoExchange is characterized as an AMM for these platforms it is important to attract liquidity and create a large pool, the more liquidity there is in the pool, the less slippage the orders will have. Taking this into account, what strategies will you use to attract enough liquidity and thus counteract the slippage of orders? and how will you encourage users to provide liquidity? What benefits will you offer to those who provide liquidity?

Cebastian: We will add initial liquidity to the platform. We will also launch farming very soon when traders can contribute their liquidity in exchange of interest in form of LP tokens. Furthermore, lots of partnerships have lined up so we can provide exclusive liquidity farming pools with very tasty APR.

Mary | Satoshi Club: Do you have approximate dates?

Cebastian: We’ll be launching Farming at the end of next week 🙂 near that time we will announce an exact timeframe.

Gold Rocket | Satoshi Club: What APR have you planned?

Cebastian: I’m not allowed to announce it yet. It’s so attractive that can attract the most grumpy farmers.

Q5 from Telegram user @Antoni_azx

 You have a section for gaming that are mainly focused on lottery and provably fair games, can you tell us the ways to take profits from these games? How can the users whithdraw their tokens and trade them for other cryptos?

Cebastian: The detailed gameplay will be announced near the feature’s launch date. Traders can take huge profits when they won a lottery ticket or a match in one of our games. Users can withdraw at anytime and use $DINO to swap with BUSD, BNB or other popular cryptos.

Gold Rocket | Satoshi Club: How it works? do you have any demo? or something similar?

Cebastian: not yet. They are still in our final development phase. We can’t wait to tease it for you. Our developers are playing them everyday at the office lol.

Q6 from Telegram user @victorogb

 One of the many impressive features of Dino Exchange is it’s Cross-Chain Swap which enables users to swap their crytocurrency assets across popular blockchains without the need of switching between platform. What popular chains does Dino Exchange currently accommodate with this feature, is there a limit to the amount of crypto currencies swapped across chains and is there a minimum fee charged by the exchange to render this service?

Cebastian: We are targeting Ethereum, Polkadot and Solana. More chains will be available. We do charge a small fee for cross-chain swaps. But it’s still much much cheaper than ETH gas fee today.

Mary | Satoshi Club: Which terms do you have for cross chain implementation?

Cebastian: we haven’t made a final decision for the terms yet. I think I can share more information about this in the near future.

---

PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @imtoandang

Many projects rug pulled and exit scam recently. Why should investors trust Dino.exchange not to do the same?

Cebastian: We follow a proven and established convention for token locking. All tokens under a vesting schedule will be stored in timelock contracts. This brings the utmost level of financial security for the project.

We are also working with giants in smart contract auditing, their results will ensure our security. We will also soon announce our strategic partnerships. No big names want to partner with rugpull project, don’t they?

Q2 from Telegram User @atillayeni

You have really so much properties on your roadmap. Do you think you can build them all within your time schedule?

Cebastian: That is more than just a roadmap. It is a list of major milestones that DinoExchange wants to achieve. We are working to create a solid and transparent financial foundation, with strong calculated financial principles and tools that bring outstanding value to our users.

Q3 from Telegram User @adaatalay

How will you protect the token value? Will there be repurchase or burning?

Cebastian: Yes we do, burning and buy back mechanism are in development phase and will be released soon. Burning will boost the scarcity of $DINO tokens and increase it value.

Q4 from Telegram User @sofiaisla

Many of the projects decided to implement NFT and it is one of the ways to attract users. What are Dino Exchange’s plans to include NFT in your project? Will you implement them?

Cebastian: we know NFT is also a trend recently. That’s why we are also developing NFT-integrated protocol to Dino.exchange. We’ll will soon announce more news about this in our channels. Make sure to tune in for more updates at @dinoexchange.

Twitter.com/dinoexchange. By the way, don’t miss your chance to participate in our public sale at swap.dino.exchange

Q5 from Telegram User @ultimate373

What kind of incentives does DINO Protocol have for network participants?

Cebastian: Users are rewarded with DINO tokens for staking their funds on the platform. They can then stake their DINO tokens to earn other types of tokens on special staking pools. The DINO token can use for participating in community governance where users can vote on decisions relating to the direction or running of DinoExchange.

Holders can also use DINO to participate in different games on the platform and have a chance to win attractive prizes. More token use cases to be updated in the future.

Q6 from Telegram User @ronaldo_super

I missed your presale and very sad about this. What do you suggest me to do now? Which way will be most profitable way to get DINO token?

Cebastian: You can now buy $DINO at swap.dino.exchange. The price is still so good to go as there’re farming and lots of updates coming up.

$DINO contract is 0xf317932ee2C30fa5d0E14416775977801734812D.

Q7 from Telegram User @Giniwhite

I have seen many amas about Dino Exchange, can you tell us about the highlights of DINO’s technology and products? How revenue does DINO generate to sustain the project in long terms?

Cebastian: Farming and staking are becoming increasingly popular in the DeFi ecosystem. While all projects provide the same basic yield mechanisms, the increasing value actually depends on the ecosystem as a whole.The Dino protocol aims to provide not only idle farming but also real use cases: DeFi products which users can actively participate in (e.g., provably-fair games) and DeFi-enabled ones (e.g., wallet and Dapp browser). Use cases are king.

Besides, APR and exclusive pools will be our competitive advantages. Our tech will ensure the highest APR possible so farmers can enjoy tasty passive income

Q8 from Telegram User @budykarebet

What is Dino Exchange 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?

Cebastian: Besides lower fee and faster speed AMM DEX and high APR Farming with exclusive pools, our advantages come with our other features that most of of our competitors do not have, they are:

Dex Aggregator: An algorithm that aggregates different liquidity protocols to discover the most efficient swap for your buy/sell order to maximize the tokens received.

Analytics: A statistical automatic analysis system that assists users in capturing market information.

Portfolio Tracker: All in one – an asset management portal for decentralized finance (Defi) on BSC. Users can log in with their wallets and see all their assets in one place, as well as simple interfaces for making further investments – in yield farming, liquidity mining, or simply diversifying their token holdings.

Games: Provably-fair games run on top of the DeFi ecosystem, such as lottery, dice, and more. Each game will have a unique mechanism to lock/burn DINO tokens to reduce the circulating token supply.

Binary Option Trading: The first decentralized binary option, in which the platform plays a neutral role. A portion of trading fee will be used to burn and buyback tokens.

Limit Order: Offering the Limit Order functionality for all the DinoExchange users on the platform. It will allow users to fully control their order by buying and selling at a specified price.

Margin Trading: Leveraged and margin trading, also on top of the decentralized order book exchange.

Mobile DApp: Fully functional and responsive mobile DApp for both Android and iOS to ensure 24/7 access to the DinoExchange ecosystem.

Payment Gateway: Integrating the DINO token into payment gateways on iOS and Android for users to make rapid and convenient purchases

Cross-Chain Swap: Cross-chain swap on DinoExchange DEX allows users to swap their cryptocurrencies across popular blockchains, without having to switch between platforms.

Q9 from Telegram User @Kushal85127939

Could you please give us an overview of Tokenomics of native token? Please mention some key areas which investors should consider while choosing Dino exch?

Cebastian: The tokenomics of DINO can be broken down as follows

Ticker: DINO

Chain: Binance Smart Chain

Contract address: 0xf317932ee2C30fa5d0E14416775977801734812D

Total Supply: 200,000,000 DINO

Emission Rate: 6 DINO / block

Block Reward: Current block reward is 6 DINO

The initial emission rate is 6 DINO per block. And the emission rate will be reduced by 3% every 864,000 blocks (~30 days).

Unlike other yield farms where developers manually reduce emission rates according to their own wishes, our emission rate reduction logic is coded in the smart contract. It will be executed once update Emission Rate is called every 30 days.

This mechanism will greatly reduce the total supply and make our token rarer and help make DINO more valuable to hold.

Q10 from Telegram User @Prof_Rz

Is Dino Exchange easy to use? How can Users with no knowledge about Yield farming/crypto or trading get earns from this project? Do You have a informative material so they can understand You business model?  do you plan to pass your product onto the normal – especially non-crypto people?

Cebastian: We designed the platform to be easily accessible by all kinds of traders, from novice to professional. Everyone can make profit with @dinoexchange.

---

PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Dino Exchange. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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

English Telegram group: https://t.me/Satoshi_club

Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish

Telegram Channel: https://t.me/satoshi_club_channel

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Dino.exchange Community: https://t.me/dinoexchange

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

We were delighted to welcome our guest from Showcase. The AMA took place on April 24th, 2021 and our guests were @Paul_Lindsell and @yegres95 .

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 happy to start our AMA with Crypto Prophecies!

Gold Rocket | Satoshi Club: Hello, dear community!

D. Папа Роуч: today our guests –  @Paul_Lindsell and @yegres95 ! 🥳

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club😀

D. Папа Роуч: sorry everyone. we have some technical difficulties😊

Sergey: https://youtu.be/fFtmJfQUzAE

Gold Rocket | Satoshi Club: We are very glad to conducting AMA with Crypto Prophecies! Today our guests are @Paul_Lindsell Paul Lindsell – CEO and Founder and @yegres95 Sergey Sudakov – CTO and Foudner!

D. Папа Роуч: awesome 👍 @yegres95 are we can start the AMA? or waiting for @Paul_Lindsell ? 👀

Sergey: He cannot seem to type but I will answer for him

D. Папа Роуч: nice! so let’s start! 😊

Paul L – will not DM you first: Hey everyone.

D. Папа Роуч: hellllo! finally! 😄 good to have you here guys! and welcome to Satoshi club! 😃

Paul L – will not DM you first: Great to be here (finally)

Gold Rocket | Satoshi Club: you can’t even imagine how glad we are to you 😁

D. Папа Роуч: 👍 let’s begin our AMA with a short intro! 😊 @Paul_Lindsell and @yegres95 please introduce yourselves and your project!

Paul L – will not DM you first: I am Paul Lindsell, CEO and Founder. A digital veteran with over 20 years of product design experience in Finance, FinTech, Gaming and Blockchain. I have held many leadership roles including former founder & CEO of a digital design agency, co-founder & COO of algorithmic cryptocurrency trading platform.

Crypto Prophecies is a decentralised peer-to-peer price prediction game that has NFT characters.

Sergey: I am Sergey Sudakov CTO and Co-Founder. Over 8 years of software development experience with large brands such as Sky, The Times, Ford, IBM. Since 2017 I save been heavily involved in blockchain and smart contract development for numerous ICOs, DLT4EU and United Nations funded projects as well as participating in various NFT and DeFi projects.

Gold Rocket | Satoshi Club: Wow! great background 👍

Paul L – will not DM you first:

Sergey looks like this

Sergey looks like this

D. Папа Роуч: 😊👍 nice! so you both a quite experienced developers, is this is your first time that you are working on game together?

Gold Rocket | Satoshi Club: great experience! 👍

Paul L – will not DM you first:

and me…

Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team?

Paul L – will not DM you first: No, our team also work on https://www.botwars.com/ which is trading game.

Gold Rocket | Satoshi Club: it looks very good👏👏👏

Paul L – will not DM you first: Philipe – Chief Designer Officer

Sue – Character designer

Volo – Lead Game Developer

Adam – Full Stack Developer

Dennis – Full Stack Developer

Andrey – Environment art

Hamza – Animator

Zia – Writer

Then a host of other cool kids in marketing!

Gold Rocket | Satoshi Club: You have an excellent team of the same thinkers!

Paul L – will not DM you first: They are all incredible and highly skilled, we are lucky to have them.

Gold Rocket | Satoshi Club: Thanks for the great intro! Ready to jump on to community questions, or would you like to add something?

Paul L – will not DM you first: Lets go!

Gold Rocket | Satoshi Club: A good team is the key to the success of the project 🚀

Q1 from Telegram user @Jonahapagu

You have a Strong Holder Offering on DAO Maker coming up soon, can you explain how this will work , who can participate and why you chose DAO maker for the strong holder offering..is there a date for this yet.

Paul L – will not DM you first: Great question, I will answer this one if I can. Full details on how to participate on DAO Makers SHO is due to go live to today on https://learn.daomaker.com/crypto-prophecies

Paul L – will not DM you first: For the SHO, there is a process of locking DAO Tokens in the DAO Vault as a staking mechanic to win tickets for the SHO.

There is a 500 USDC personal allocation cap. and the SHO dates are: Dates are 26/27 April

https://medium.com/daomaker/dao-pad-participation-guidelines-8eb4057035b8

Gold Rocket | Satoshi Club: Aww! It’s very soon🚀

Paul L – will not DM you first: It is going to be a busy week

D. Папа Роуч: do people should pass KYC to be able to participate in SHO?

Paul L – will not DM you first: yes

Gold Rocket | Satoshi Club: So why you chose DAO maker for the strong holder offering😉

D. Папа Роуч: got it! and do you have some list of restricted countries? or people from all over the world can participate?

Paul L – will not DM you first: We believe that the SHO is a really good, fair method. Plus the team at DAO Maker have been incredibly supportive of The Crypto Prophecies and also believe in us. The usual restrictions apply and full details can be found on DAO Makers site

Gold Rocket | Satoshi Club: thanks for clarifying👍 it’s clear to me! ready for the next question?

Paul L – will not DM you first: sure

Q2 from Telegram user @dudeiebitch

I will like to know how your prediction game is going to be like because you are making it look like a war game and it is just getting me confused. Is it just a normal game where anybody can participate by predicting the price of some specific token or there are more to it that you can actively explain to us.

Paul L – will not DM you first:

Crypto Prophecies is a decentralised peer-to-peer price prediction game that has NFT characters.

Place your wager and go head-to-head with another player to battle it out over the candles, predicting how each one will close.

It’s a points based and it’s against the clock, so be quick and watch out for your opponents magic spells!

The winner at the end of the battle wins all the wager.

Gold Rocket | Satoshi Club: this is a very original idea to be honest 😁

Paul L – will not DM you first: Thank you 🙏

Gold Rocket | Satoshi Club: Do you have MVP?

D. Папа Роуч: there is always a timer, and each round lasts particular time?

Paul L – will not DM you first: For the first game mode, there are 10 trading candles, each last 10 seconds. Each player must predict how EACH candle will close. You are against the clock so the fast you predict the more points you get. However, predict wrong, and lose those points.

D. Папа Роуч: cool! it might be fun 😁

Paul L – will not DM you first:

Gold Rocket | Satoshi Club: yes I think it will be very exciting😁 finally traders can relieve stress

D. Папа Роуч: and earn some money 😉

Paul L – will not DM you first:

Gold Rocket | Satoshi Club: Thanks for your answers. Ready to proceed to the next question?

D. Папа Роуч: you need a stiker pack for Telegram! 😁these images are awesome!

Gold Rocket | Satoshi Club: yes it is very cool😁

Paul L – will not DM you first: we are working a sticker pack too 🙂

Gold Rocket | Satoshi Club: So can we proceed?😉

Paul L – will not DM you first: yes lets go!

Q3 from Telegram user @pixma00

Scarce, mysterious and very cute, these masters of magic roam the world of cryptocurrencies; However, each Crypto Prophet is unique with its own magical abilities, magic items, and spells. Can you tell us more about these creatures? What characteristics do each of them have? Do I need to buy or find magic items in the game in order to use spells? Can you describe the rarities of magic item NFTs?

Paul L – will not DM you first: oh thats a big question… let us break down into some answers

Gold Rocket | Satoshi Club: Feel free

Paul L – will not DM you first: For generation 1 of the NFTs, there are four races of Crypto Prophets to find. The Satoshian, The Etherians, The Tezmanians and the evil Ripptilians. Each race has their own characteristics and lore. You can read more about that here: https://whitepaper.thecryptoprophecies.com/prophets/races

D. Папа Роуч: i guess this is Etherian? 😁

Paul L – will not DM you first: yes

Gold Rocket | Satoshi Club: Paul L:

In order to get a Crypto Prophet you will need to buy an NFT summoning orb, or try to buy a Crypto Prophet on the secondary market.

Summoning orbs are openned at the summoning portal, where you will first see your prophet apear

Paul L – will not DM you first:

There are five rarities to collect/find, and each rarity (common, uncommon, rare, epic, legendary) has additional benefits.

https://whitepaper.thecryptoprophecies.com/prophets/nfts

D. Папа Роуч: so the higher rarity the more powerful orb?

Paul L – will not DM you first:

you can also burn 5x of the same tier/race, to get 1x of the next tier up.

D. Папа Роуч: very nice!

Paul L – will not DM you first: yes exactly. Although, there is fun probability associated with each orb….

https://whitepaper.thecryptoprophecies.com/prophets/breeding

D. Папа Роуч: got it! thank you for the detailed answers! 😊

Gold Rocket | Satoshi Club: you love this thing 😁😁😁

D. Папа Роуч: yep, i love burn NFTs 🤣

Gold Rocket | Satoshi Club: Can we proceed to the next question?🔥🔥🔥

Paul L – will not DM you first: Yes, of course.

For anyone interested in the generation 1 Satoshians, here is the complete race:

D. Папа Роуч: they are so cute 😊

Q4 from Telegram user @victorogb

Going through one of you many blog posts, I noticed there is a distinct mention of two separate tokens with direct affiliation to the Crypto Prophecies namely; bTCP and TCP tokens. Worthy of note is the fact that bTCP tokens can be matched and automatically exchanged with TCP tokens at a ratio of 1:1 when used in the game’s smart contract. Therefore, what are the differences and uses cases of both tokens how are they acquired within the gaming environment?

Gold Rocket | Satoshi Club: who designs these funny characters? they are so cute 😍

Paul L – will not DM you first:

Gold Rocket | Satoshi Club: tell her that these characters are beautiful ❤️😁

Paul L – will not DM you first: There is a sign-up campaign that rewards all players who sign up to play with $5 worth of bTCP tokens.

The bTCP tokens are only redeemable once an NFT Crypto Prophet has been purchased and associated with the user account.

For every friend that is referred, the referrer will receive an additional $5 of bTCP tokens once they sign up, create their account and also purchase an NFT Crypto Prophet.

A fungible token called ‘Bonus TCP’ (bTCP for short) will be used on various referral schemes, airdrops, marketing and community development purposes. The following characteristics define the utility of bTCP:

– bTCP are minted by locking equivalent amounts of TCP in a smart contract.

– bTCP are strictly non-transferable and can only be used for participation in ecosystem real money games.

– Participating in games modes with bTCP tokens leads to them being burned and withdrawal of an equivalent number of TCP tokens from the TCP smart contract.

Gold Rocket | Satoshi Club: How can I buy tokens?

D. Папа Роуч: what is the total supply of your token? is there will be some burning mechanism, which affect the circulation supply?

Paul L – will not DM you first: We will be listing on 2x CEX (details to be announced Monday), and listing on DEX (uniswap and quickswap).

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

Sergey: 250 million tokens split up into SHO sale + private sale + liquidity + development and ecosystem fund

D. Папа Роуч: quickswap…yeah, i just remember that you built  your project on Polygon 😉

Sergey: There is a burn mechanism implemented in every single match

Within the Kingdom Fee

50% will be burned

Paul L – will not DM you first:

D. Папа Роуч: undestood, thank you! ready for the next question? next one will continue the current topic 😉😊

Gold Rocket | Satoshi Club: Interesting concept

Paul L – will not DM you first: yes

Q5 from Telegram user @alaskasb

In your medium I observed that you want to reward users who play on your platform. Can you give us more information about this? What advantages will these rewards give users? Since in platforms like Facebook the user acquisition fee is very expensive, will this really be a good option to attract more users? Do you have any strategy like marketing in mind to increase the number of players and achieve the massive growth of Crypto Prophecies? You also mention that the winner at the end of the battle wins the entire bet minus the Kingdom fee of 3%, could you tell us why this is due? Why a 3% Kingdom Fee? Where will these funds go?

Paul L – will not DM you first: Thats a lot of questions 🙂

D. Папа Роуч: hehe yep 😄

Paul L – will not DM you first: In your medium I observed that you want to reward users who play on your platform. Can you give us more information about this? What advantages will these rewards give users?

There are many included in the model, but one we really like is the Daily Prize Pool.

All daily players will be entered into a daily prize draw, where each game played gives that player tickets for the daily prize draw. If the player wins the battle, tickets are issued based on the Prophet used tier multiplier and the wager placed. If the player loses the battle, tickets are issued on a one-to-one ratio with the size of the wager.

The more games a player plays, and the higher the wagers placed, the more chances a player has at winning in the daily prize draw.

The rarity tier of the Crypto Prophet used for the battle defines the prize draw ticket multiplier per winning battle are issued.

multipliers are different for each rarity

The daily prize pool is generated from forty percentage(40%) of the Kingdom fee so that it becomes a community pool and grows in size based on the number of games played and the number of wagers placed in any given day.

THIS HAS JUST BEEN ANNOUNCED 🚀

Crypto Prophecies SHO Details are live!

The Crypto Prophecies is a gamified price battling game that uses NFT characters called Crypto Prophets.

Full Research Page: https://daomaker.com/company/crypto-prophecies

SHO Details

– Sale size $165,000

– Allocation per winner: $500

– Winners 330

How to Participate: https://medium.com/daomaker/dao-pad-participation-guidelines-8eb4057035b8

Timeline

Registrations: 26th of April 12:00 UTC

Registrations Deadline: 27th of April 12:00 UTC

Winners Announced: 27th of April till 18:00 UTC

Join DAO Pad: https://daomaker.com/

Tranches (DAO Power)👇

Tranche 1: 500–999

Tranche 2: 1,000–1,999

Tranche 3: 2,000–3,999

Tranche 4: 4,000–9,999

Tranche 5: 10,000+

More:

Twitter: https://twitter.com/crypto_prophets

Chat: https://t.me/cryptoprophecies

Website: https://www.thecryptoprophecies.com/

D. Папа Роуч: so it’s like some sort of daily lottery? 😊

Paul L – will not DM you first: “Do you have any strategy like marketing in mind to increase the number of players and achieve the massive growth of Crypto Prophecies?”

Yes, we have a referral campaign:

There is a sign-up campaign that rewards all players who sign up to play with $5 worth of bTCP tokens.

The bTCP tokens are only redeemable once an NFT Crypto Prophet has been purchased and associated with the user account.

For every friend that is referred, the referrer will receive an additional $5 of bTCP tokens once they sign up, create their account and also purchase an NFT Crypto Prophet

“You also mention that the winner at the end of the battle wins the entire bet minus the Kingdom fee of 3%, could you tell us why this is due? Why a 3% Kingdom Fee? Where will these funds go?”

Sergey shared a diagram above which shows how the kingdom fee is used.

More details here:

https://whitepaper.thecryptoprophecies.com/kingdom-fee

D. Папа Роуч: thanks a lot! for tons of info and great answers! 👍

Gold Rocket | Satoshi Club: Thank you very much for such a detailed answer. I have a question a little off topic

Paul L – will not DM you first:

yes, but you only get tickets by playing, and you get more tickets by wagering big and playing with NFTs. There is no limit to the tickets you can earn, but everyday 25 winners.

We use Chainlinks VRF to find the winners

off topic? sure

(I am already married)

Gold Rocket | Satoshi Club: many of our participants have faced a problem. they cannot join your telegrams .. could you help solve this issue?

D. Папа Роуч: yep, lots of people can’t get in your telegram group

Gold Rocket | Satoshi Club: Shh .. me too 😁

We suffered multiple large bot attack yesterday and our TG group security has been increased. We are hoping to resolve the issue today.

D. Папа Роуч: oh…now we know the issue. i hope you will fix it as soon as possible 💪

Paul L – will not DM you first: thank you, we managed to stop the bots from joining the channel. We should be able to open to new users very soon.

Gold Rocket | Satoshi Club: I send everyone to your admin @GeraldQph 😁 Ask him to read PM from fans of your project😁

Paul L – will not DM you first: yes! he will help

Gold Rocket | Satoshi Club: Thank you very much for your answers and information.

Gold Rocket | Satoshi Club: Ready for the last question of this part?😉

D. Папа Роуч: last in this one and 10 in the second part😄

Q6 from Telegram user @Pratze

I read your roadmap that Crypto Prophecies will have feature in game name ‘battle royal’ and you also have plan for bringing eSport to your game, can you explain how does battle royal system work? And when the implementation for eSport into Crypto Prophecies?

Paul L – will not DM you first: oh yes, so excited about this! Battle Royal mode will see approximately 10 players each wager the same amount of tokens, then head into the battle arena together.

At the end of each round, 2 players with the lowest points will get knocked out.

The winner at the end will win ALL the wager. Last man/prophet standing!

We will aim to open these tournaments for live streaming, and allow players and viewers to place wagers on the outcome of the battle, like esports for price prediction. The wagers will also be decentralised wager pools.

So much fun!

D. Папа Роуч: so battle royal basically means – everybody against everybody😁

Paul L – will not DM you first: yes totally. we also are making team based games, 2 vs 2, 3 vs 3 and so on. Just went live: https://daomaker.com/company/crypto-prophecies

Part 2 — live questions from the Telegram community

Q1 from Telegram User @ultimate373

Does Crypto Prophecies have any reward program I can participate in?

Sergey:

We have a referral programme live that rewards you in bTCP tokens

We will also have a liquidity programme on Matic (Quickswap)

Q2 from Telegram User

In Matchmaking, how will you carry out the bet of every player without minimum or maximum bet for every battle? If we could use other token, will it be converted to TCP or we should play with same TOKEN bet?

Sergey:

1) We have specific bet amounts at which everyone can bet

2) You can challenge a friend to a battle, where both of you set your bets

Q3 from Telegram User  @highpee

You have said that you will have a DAILY PRICE POOL reward for all users that enter into price battle in a particular day. Does winning the  price battle add to the possibility of winning the daily reward pool or are you using a lottery system where anyone can win the daily price irrespective of whether you win or lose in the price battle?

Paul L – will not DM you first:

Great question.

Your Crypto Prophet NFT has a multiplier, the multiplier is different depending on the rarity tier.

Every game you play and win, we multiply your wager amount by the multiplier and give you the same number of tickets for the daily prize draw.

Every game you play and lose, you get a reduced multiplier, but still get some tickets.

So yes, you can win the daily prize even if you lose games.

Q4 from Telegram User @Antoni_azx

You have a Kigdom fee for each game played in the Battle Arena, it says in your whitepaper that this fee was created to benefit the community and the token economy, but how? What’s the distribution of these fees?

Sergey:

Some will be burned to decrease supply + some will be put into a daily prize pool

Q5 from Telegram User @alptrader

On your whitepaper I’ve found something very interesting. It says some features of the game will remain centralized until there is a suitable and stable decentralized alternative. What are those game features that can’t be built with decentralized infrastructure? And what are the features still lacking in blockchain technologies?

Sergey:

Currently our price data feed is centralised. Oracles would either be too pricey or impossible to update at a rate of speed that we require. Our candle time is 10 seconds. In the future this can change

Q6 from Telegram User @Tony253210

I read that Crypto Prophecies NFTs can be “upgraded” or boosted by the use of “magical items”, so can you explain us a little bit more about this? There exist a max upgrade level to the NFTs?

Paul L – will not DM you first:

Great question.

Each rarity of Crypto Prophet has a different number of ‘slots’ each slot allows for a different magic item to be equipped.

Legendary and Founders NFTs give a player 4 slots for Staff, Wand, Cape and Pet.

Each magic item has a spell, and the spells are related to the school of magic that the prophet can use like Fire, Nature, Arcane etc.

Here are some examples of Nature Staffs, which can be equipped by Etherians:

Q7 from Telegram User @KhaleesiTheCryptoLady

Where can we trade the NFT rewards we get in your gaming platform? Do you have plan to add more games in the future?

Paul L – will not DM you first:

OpenSea, our own platform and any other marketplace that accepts what ERC721 and ERC1155

Q8 from Telegram User @alyaakin

In order to join a battle, do I have to convert my TCP tokens into bTCP?

Sergey:

You will not have to convert TCP tokens into bTCP

bTCP is a marketing token that will be given out to referrals. They will be converted into TCP after one game. You cannot buy bTCP, they are only given out as a reward

Q9 from Telegram User @ERMD18

You said @cryptoprophecies guarantees 100% security for users. What if one day there is a problem or loses the user’s token? How do you handle it ??

Sergey:

We as a team do not have access to any user funds or NFTs. All users completely own their TCP + NFTs in their own wallets and just interact with our smart contracts

Q10 from Telegram User @Crypt0_l0ver

Do I need to purchase or find magic in-game items to use spells? Can you describe the scarcity of magic NFTs?

Paul L – will not DM you first:

Interesting question thank you…

we create NFTs in generations, the generations have fixed supply. As you can level up your characters and items by burning 5 of the same, the supply also reduces. You can only burn within the same generation, this creates a huge scarcity model.

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Crypto Prophecies. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

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

Our partners:

Crypto Prophecies Website – thecryptoprophecies.com
Crypto Prophecies Telegram – @cryptoprophecies

We are pleased to announce our next AMA on April 30th 2021 at 03:00 PM UTC Time: Satoshi Club x soar.fi

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

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

Part 3: 300$ – A quiz about soar.fi

For more details:
soar.fi Website – soar.fi
soar.fi Telegram – @SoarFi
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 29th 2021 at 01:00 PM UTC Time: Satoshi Club x Seascape

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

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

Part 3: 300$ – A quiz about Seascape

For more details:
Seascape Website – seascape.network
Seascape Telegram – @seascapenetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 28th 2021 at 03:00 PM UTC Time: Satoshi Club x dFund

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

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

Part 3: 300$ – A quiz about dFund

For more details:
dFund Website – d-fund.io
dFund Telegram – @dFundProject
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on April 27th 2021 at 01:00 PM UTC Time: Satoshi Club x Unreal

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

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

Part 3: 300$ – A quiz about Unreal

For more details:
Unreal Website – unreal.finance
Unreal Telegram – @unrealfinance
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 UTU and our guests were @UTUman and @databu. The AMA took place on 23 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 UTU! Welcome to Satoshi Club😀

D. | Satoshi Club: today our guests –  @UTUman and @databu !

Bastian Blankenburg | UTU: Hi all, great to be here again 🙂

D. | Satoshi Club: welcome to our club!

Mary | Satoshi Club: Hello😀 welcome back

D. | Satoshi Club: happy to see you here 😃

Mary | Satoshi Club: How’s going?😀

Jason Eisen | UTU: Hey all! Great to be here!

Mary | Satoshi Club: Hi! Always happy to see you in Satoshi Club 😀

Bastian Blankenburg | UTU: Going very well, thanks!

Jason Eisen | UTU: feels like a second hom for us 🙂

D. | Satoshi Club: 😄👍

Mary | Satoshi Club: Ahaha, that’s true 😀

Guys, Satoshi Club got more members since your last visit and i think you will need to introduce yourself and UTU project again😀

Bastian Blankenburg | UTU: With pleasure

Jason Eisen | UTU: I see that! Congrats o the growth! Happy to do so.

Mary | Satoshi Club: Also we will are excited to hear what new happened to UTU lately 😉

Thank you 🚀

Jason Eisen | UTU: I’m Jason. I’m a serial entrepreneur. Grew up between Boston and Nashville. I spent 10 years in Washington DC, first at university at The American University (studied International Relations) then 7 years as a consultant for USAID, World Bank, and others. I started spending time in East Africa through that work in 2010 and moved to Kenya in 2013 to start (at the time) the first Taxi App anywhere in Africa, MARAMOJA. We realized in the process of building that taxi app that we were solving the wrong problem. we realized the problem was actually about Trust and began to focus our attention there, building better models of digital trust. This was the origin of UTU actually.

D. | Satoshi Club: don’t hurry, we have questions about this in the first part 😄

Jason Eisen | UTU: UTU’s vision is to become the trust infrastructure of the entire internet. Our mission is to bridge the gap between how people trust in real life and how they are asked to trust online. We believe in a more human friendly internet, data as a human right, and the need to avoid digital trust dystopias as we’ve seen portrayed and played out in various contexts around the world. We provide trust infrastructure as a service to make the internet a safer more trusted place to gather, work, share, trade, etc

sure, so much news since our last visit! we’ve been busy 😉

Bastian Blankenburg | UTU: I did a PhD in computer science/distributed AI. This involved multiagent systems using game theory, risk models, trust models etc. It also involved building payment protocols that incentivised agents to adhere to the protocol, before blockchain came along. So nowadays one would use smart contracts for some of this, and I find it exciting which possibilities for distributed systems are now available.

Later worked in industry, then moved to Kenya because of private reasons. Met Jason who convinced me to join his startup, the taxi app MARAMOJA, because he had this great idea for a trust mechanism. That’s because the taxi sector had traditionally a lot of crime here, and people prefer known drivers. Then from that we spun off UTU, to make its own product of the trust mechanism.

Bastian Blankenburg | UTU: Oh right lol

Mary | Satoshi Club: Thanks, guys! Btw, did your team changed since last AMA? Became bigger?

Bastian Blankenburg | UTU: Yes, in all departments!

Jason Eisen | UTU: Sooooo much…we’ve been hiring some amazing people. Mike Chan joined us as our Chief Commercial Officer, Nereah Okanga as our Head of Product, Shiku Ngigi as our Head of Marketing….check out their profiles…legends

Bastian also got some great new engineers and data scientists

Mary | Satoshi Club: Wow! Crypto is really gaining mass adoption and all projects are busy😀 and growing

Jason Eisen | UTU: And we have super exciting new addition to our board that we’ll announce soon…guys are gonna FOMO hard…

Mary | Satoshi Club: That’s a key to success 💪

Jason Eisen | UTU: agreed – good governance begets great projects

Mary | Satoshi Club: I see that you development never stops! And that’s awesome! Thank you for your introduction 😀

Bastian Blankenburg | UTU: We’re really just starting…

Jason Eisen | UTU: [ 👈 Sticker ]

Mary | Satoshi Club: Do you think it’s time to dive deeper into the details with the questions from our community?😉

Bastian Blankenburg | UTU: Sure let’s go!

D. | Satoshi Club:🚀🚀🚀

Mary | Satoshi Club:  [ 💪 Sticker ]

Q1 from Telegram user @Jonahapagu

The last time you were here for an AMA like this, you talked about your socially powered Taxi app called MARAMOJA, has there been any new improvements or achievements on MARAMOJA you will like to share with us… What other new implementations do you have on your platform that also aims at advancing your Goal of Establishing a Trust Economy using Trust as a Service (Tass)

Bastian Blankenburg | UTU: MARAMOJA’s released version still has the original version of the trust engine built-in, which is quite a barebones version really. Now that we’ve released the first proper UTU Trust API + Web SDK, we’re integrating that with MARAMOJA, so it can use the improved feedback like badges and soon-coming video review etc., and generally the better mechanism.

We’re also in the process of getting our first pilot clients going with integrating the SDK.

Jason Eisen | UTU: Great question! Yes, on the business side too, MM has been kicking some serious ass lately! Led by Ronald Mahondo, MM has been dethroning its larger competition(Uber, Bolt) consistently in the B2B space in Kenya, winning exclusive contracts away from those guys to serve the largest corporates in Kenya.

We have also announced a serious of partners that will be integrating our TIAAS across a range of sectors and geographies over the past months.

Bastian Blankenburg | UTU: To add to that, for some business clients having trusted drivers is actually now a requirement.

Jason Eisen | UTU: Check our medium for more details: https://medium.com/utu-trust

Mary | Satoshi Club: Ahaha, so Uber is behind😂

Mary | Satoshi Club: Could you name us some of your partners?😉

Jason Eisen | UTU: hmmm well thats a big statement but I would say that they fail to recognize both the uniqueness of some markets as disparate from the global one size fits all approach and they fail to see the trends that will shape that industry over the coming years as distinct from the last 10 years

Mary | Satoshi Club: Yes, they can’t win everywhere and can’t compete with blockchain future 😉

Jason Eisen | UTU: Sure, just recently we announced collaborations with Curacel, a pan-African AI powered insurance solution, as well as with Harmony protocol, Hypermine, KardiaChain, Oasis, and Hyve…that’s all just in the last couple months

Bastian Blankenburg | UTU: I’d like to jump in here and give a shout-out to our dev partners as well, Ape Unit in Berlin and hack.bg in Sofia.

Jason Eisen | UTU: we are also working with amazing projects like AmpNet, CryptoTask, BitLipa, RideSafe Africa, Maple Finance, Shuttle One, and so many more

Mary | Satoshi Club: Wow, so many famous names and some of them are our friends 😉

Jason Eisen | UTU: haha almost forgot, travala.com

Mary | Satoshi Club: Oh, yes, that’s awesome project 👍

Tones of news! You did a great job!

Thank you for your answers! Ready to go to the next question?😉

Bastian Blankenburg | UTU: ready

Jason Eisen | UTU: we trying…

born ready

Q2 from Telegram user @yellowchamp

UTU’s mission is to become the trust infrastructure of the entire internet, replacing anonymous star ratings, reviews, and scores as the de facto trust mechanisms of our digital lives. As this mission is the bottomline of what you wanted with your platform especially to become the trust infrastructure of the entire internet,can you explain to us how will you possibly realize this mission in the near future? With this mission of yours and since the time you launch, what part of this mission is being accomplish already so far? Since the pandemic time,how does UTU brings impacts and innovation with the de facto trust mechanisms of our digital lives? Thank you

Jason Eisen | UTU: we actually just updated our roadmap, you can check it here: https://medium.com/utu-trust/the-utu-roadmap-update-february-2021-99b0ffb2ab70

Mary | Satoshi Club: 👍

Jason Eisen | UTU: We are very much on track toward delivering on our promised vision…We actually released the first version of our Core API and Web SDK a couple weeks ago and exponentially grew our pipeline of integrations…

Bastian Blankenburg | UTU: There’s the business and the tech side to this question, I’m leaving the business one to @UTUman . On the tech side, we’ve built our architecture to be scalable from the get-go. There’s the common wisdom to not optimise prematurely, and do so only when needed. But I’ve been there before, and don’t want to repeat the experience to have to scale your systems while they’re already crouching under heavy load. So this time, our tech is ready from the beginning.

Jason Eisen | UTU: https://medium.com/utu-trust/the-utu-trust-api-v1-is-now-live-6c4d19c1720b

Mary | Satoshi Club: How many users do you currently have?😉

Jason Eisen | UTU: Since you mention the pandemic, one interesting bit to mention is some work that we did around the development and roll-out of a privacy preserving contact tracing solution for the world that is dumb-phone compatible – we actually got a shiny endorsement from the African Development Bank for this work and looking for some places to push that forward when the moment is right

We don’t disclose that number typically but more than 50,000 (depends on how you look at it, but not worth getting into that detail here)

Mary | Satoshi Club: Btw, i found something interesting p for myself – that  96% of riders chose socially-referred drivers over highly-rated but unknown drivers. So, this means that you already have a good customer base to make such kind of researchs 😉

Jason Eisen | UTU: we have the benefit of serving the entire world, not just the crypto world…

Mary | Satoshi Club: 👍

Bastian Blankenburg | UTU: Yes, this is also the reason why we kept MARAMOJA as part of the company for so long. Instead of separating earlier, which would have made some things easier, but MM is a great experimentation ground for the trust mechanism.

Jason Eisen | UTU: Yes, this has been one of the most critical parts of our evolution, having MARAMOJA as a real world use case and going concern that let us test things in real time and do the type of real world trust research that has informed every step of our product development. We are our first clients and have seen a direct, tight correlation between better trust and the growth of MM’s key metrics

Mary | Satoshi Club: I am happy to hear that you serve real world 😉 it will be awesome experience for both!

Jason Eisen | UTU: depending on where you live, you may not identify with wanting this level of trust for your taxi driver, but I’m sure you want it for your nanny, doctor, lender, coder, etc

Bastian Blankenburg | UTU: We’ve also gotten some other interesing results from that, such as detecting a degree of correlation between social closeness of people, measured by the number of common friends, and their rating behaviour.

Mary | Satoshi Club: Yes, i had to find nanny several days ago and i need to say it wasn’t so easy 😉

So, you got a lot of info😉 sure it will help you in the future!

Jason Eisen | UTU: this will be easier soon…we will announce a nanny sector partner soon so depending on where you live, you may find that nanny easier quite soon

Mary | Satoshi Club: Waiting for you, guys in my country 👍

Thank you for your answers! Ready to go to the next question?

Bastian Blankenburg | UTU: Yes absolutely, that’s the idea!

Jason Eisen | UTU: bring it on

Q3 from Telegram user @Highpee

The version 1 of UTU Trust API went live on March 31st and you have described it as a real model of human trust which can integrate with apps and web. What type of online business platform can integrate with your API and what doest it costs (in terms of money or software infrastructure/requirements) to facilitate easy integration? How does the combination of UTU API, Artificial Intelligence and blockchain help you to provide a reliable platform that can offer personalised recommendations which can be helpful in building an ecosystem of trust among business providers and consumers?

Jason Eisen | UTU: woah that’s a big question, let’s break it down

Bastian Blankenburg | UTU: Technically, any app where the user has to make some choice among different options could integrate it. At the moment, the SDK supports any web app — React, Vue, Angular, plain html + js all work well. We’re now taking on mobile SDKs, starting with Android. But a client could also use our API directly and build their own UI elements, if they prefer.

Jason Eisen | UTU: What type of online business platform can integrate with your API – any digital platform! B2B, B2C, P2P…anywhere you’ve interacted with feedback mechanisms, ratings, reviews, recommendations; they can all be humanized by UTU. And generally speaking across all sectors of the digital economy – we tend to think about key sectors based on risk – risk and trust being corollaries; the more risk I feel, the more trust I want. So what are the things we feel the most risk about? Our health, family, home, business, and assets – if a digital transaction is exposing one of these things to risk – UTU has a huge role to play

D. | Satoshi Club: [ 👍 Sticker ]

Mary | Satoshi Club: And how do you personally wonder if everyone is interested in honest feedbacks?😉

Bastian Blankenburg | UTU: The AI works mostly in the background, identifiying the most relevant feedback of other users. For example, if a use case provides us with some context data, such as origin and destination of a taxi ride, it can identify similar situations like “business trip” or “party trip”, and choose fitting recommenders accordingly. (The context isn’t in the current API version but will be soon.)

Jason Eisen | UTU: The components of our system AI, API/SDK, Protocol/Tokens  respectively address each of the three main problems with digital trust

D. | Satoshi Club: i want to ask one thing, i see you don’t have so much activity on your github, why? last update was in November…

Jason Eisen | UTU: 1. Theory of trust – digital trust currently is basically a legacy of what Ebay gave us in the 90s when we were just buying some beanie babies or whatever and some aggregated, averaged, anonymous feedback was ehhh.. good enough. Meanwhile the whole internet as evolved around us and digital trust mechanisms have stagnated. We abandon this one size fits all model of a universal score card for trust, and instead seek a descriptive model of trust, filtered by our own networks of trust and evaluated dynamically based on the options available…you could think about it like best fit vs. highest rating.

2. Delivery mechanism. Trust has been hitherto delivered as a product – either as a consumer-facing review platform (yelp, tripadvisor, google reviews, etc) or as an afterthought inside products (“let’s throw a 5 star system on it and call it a day”). But trust isn’t a product…its infrastructure. It should be delivered as such. We serve up our Trust Infrastructure via API/Oracle so platforms and marketplaces can consume them as infrastructure. This also eliminates that massive manipulation ability on consumer platforms where I can create limitless

3. Incentives around Digital Trust. All of the economic incentives around digital trust are for the abuse/manipulation thereof. Fake reviews, bot armies, they all manipulate trust and tend to yield rewards for those that buy (and sell) such services. Meanwhile, projects/peoplee that only focus on organic metrics might languish on the side. We designed our token model to address both sides – to eliminate the ability to “buy Trust” while creating a positive economic incentive to build trust – defined as facilitating good outcomes

Bastian Blankenburg | UTU: The blockchain compoments have 2 main motivations:

1. Being able to reward users with UTU Trust Tokens for truthful participation, which they can ultimatly monetise by conversion to UTU Coin

2. Enable users to verify recommendations and feedback. I.e. if our trust engine tells you, “Your friend Paul’s friend like this provider”, you can check on the blockchain that there exists a friend of Paul (assuming you know Paul’s address) who endorsed the provider.

Mary | Satoshi Club: You’re building something perfect 😂

Jason Eisen | UTU: I don’t… I have literally asked the question “who do you trust?” to a few thousand people at this point across the entire world…everyone answers the same, that they trust the people they know (themselves, friends, family) caveated for context – this is what we are building; that legacy digital trust systems ignored this was a function of the limited economic activity on the net when such things were devised

 [ 🤘 Sticker ]

Bastian Blankenburg | UTU: We’ve been mostly working on our closed source components since then, i.e. the API and SDK. However we’re about to open-source the SDK. Our alpha version of the œternity UTU Trust Token is also still a private repo, I think, but we’ll OS that too very soon.

D. | Satoshi Club: got it! thanks for clarification

Mary | Satoshi Club:You should help with vaccination, btw

As researched people don’t want to vaccinate till they won’t see their nеighbors or relatives share with them positive experience 😉

Bastian Blankenburg | UTU: That’s interesting, do you have a link? 🙂

Jason Eisen | UTU: That’s a great idea! We have thought at various moments about how to apply UTU to solve the fake news problem in general and have developed some proposals for public funding on the same. I think I tweeted at Elon Musk once some time back about applying a reverse implementation of UTU on Pravda…its a huge problem that we’d love to contribute toward solving

Mary | Satoshi Club: I will send to you later, it’s stats in our country 😂

Bastian Blankenburg | UTU: Yeah I think this could be dependent on the location, but I think it might be similar here in Kenya.

Mary | Satoshi Club: Yes, hope he will listen to you!

Think about this 😉

Thank you for your answers! Ready to proceed?

Bastian Blankenburg | UTU: yep

Q4 from Telegram user @Korryl

UTU is trust infrastructure for the internet and have native coin UTU Coin. Could you explain what are the role from UTU Coin in your project? Is it for governance, payment, or fees? Do we need to hold UTU Coin if we want use product/service from UTU?

Jason Eisen | UTU: that’s a @databu question

 [ 👇 Sticker ]

Mary | Satoshi Club: I remember that you explained last time, but i think our new members need to read the answer😉

[ 👊 Sticker ]

Bastian Blankenburg | UTU: Yes 🙂 I mean, for all of those, though we’re still going back-and-forth on the exact governence mechanism that we want. There is also UTU Trust Token (UTT) , which is awarded for participation in the system, i.e. for providing endorsements, feedback and other data. UTT is not tradable, because we want to make it impossible for anyone to “buy trust”. But it can be converted to some limited extent to UTU Coin.

I  think that UTT should also be required for governence, so that people taking part in governance have some proven participation in the core mechanism. But additionally, requiring some staked UTU Coin will prove even more skin in the game.

Mary | Satoshi Club: What is your current governance system? Who is boss?😀

Bastian Blankenburg | UTU: Services served by UTU will also accept UTU Coin as payments, and ultimately the recommendations will incur a fee, which will be used to replenish the UTU Coin pool for conversion from UTU Coin.

D. | Satoshi Club: do you have additional benefits for token holders? like farming, staking, high APYs etc. you know, everything that people love nowadays😄😉

Mary | Satoshi Club: APY everywhere 🤣

Jason Eisen | UTU: not at the moment but who knows what may happen

D. | Satoshi Club: 😉

Mary | Satoshi Club:  [ 😉 Sticker ]

Bastian Blankenburg | UTU: Currently the 3 UTU Coin pools for conversion (ecosystem building), growth and team are held in multisig wallets. But how we’re building the protocol is up to UTU Protocol at the moment…

Mary | Satoshi Club: Gotcha! 😀

Thanks! Ready to jump to the next question?😉

Jason Eisen | UTU: yup

Bastian Blankenburg | UTU: That said, we’re going to add a governance protocol about protocol decisions, see the white paper from utu.io/protocol

👍

D. | Satoshi Club: nice!

Mary | Satoshi Club: We will follow your updates!

Q5 from Telegram user @V1ct0r_26

Not too long ago, Facebook suffered an attack where people’s information was leaked and hackers were selling it on the internet. That being said, could you give us more details about how secure will UTU be? How can users be sure their personal data that is entrusted to you won’t end up being sell on the internet?

D. | Satoshi Club: let’s ask them about audit @madamlobster 👀😄

Jason Eisen | UTU: *sips coffee* waits for Bastian to come with the technical fire

Mary | Satoshi Club: Ahaha🤣 my favourite question

Jason Eisen | UTU: you found video of me from new years eve…

Bastian Blankenburg | UTU: Our systems are well-secured behind an auth gateway, and each client app’s data is stored in a separate DB.. Additionally, our trust API stores only data that client apps give us. E.g. they could give us only encrypted profile data. Our trust engine is really interested only in the relationships.

On the blockchain side, the feedback and endorsements will be public to be verifiable, but can be given pseudonymously. Though then it depends also on the client app and their users whether they’re able to keep it so, or whether it could be de-anonymised. But we’re also working on mechanisms to make this easier to enforce.

Mary | Satoshi Club: Lol🤣

And as @Cool_as_Ice asked me before can you tell us if UTU was audited?

Bastian Blankenburg | UTU: Additionally, our partnership with Oasis will enable us to provide users with a secure and privacy-preserving way to share their data with selected services.

Jason Eisen | UTU: Yes by Hacken – https://medium.com/utu-trust/utu-collaborates-with-hacken-to-bring-trust-oracles-to-the-entire-crypto-ecosystem-65712d1de843/

Bastian Blankenburg | UTU: The UTU Coin contract is audited, yes.

Mary | Satoshi Club: I like your choice! Security confirmed😀

Jason Eisen | UTU: We are all about trust…trust starts with us

Bastian Blankenburg | UTU: Here: https://github.com/utu-protocol/utu-coin/tree/master/docs

Mary | Satoshi Club: Waiting to see your systems are using all around the world!

💪

Jason Eisen | UTU: us too… though less waiting and more pushing!

Mary | Satoshi Club: Thank you for your answers! And just 6th and last question left from this part😀 ready?

Jason Eisen | UTU: yup

Bastian Blankenburg | UTU: sure

Q6 from Telegram user @mctrho

According to your roadmap, UTU is currently in the second quarter of 2021. In total, you have 4 objectives for this quarter and I would like to know which of them have been finalized and which objective are you focusing on at the moment. Can you tell me a little about this? By the way, why doesn’t your roadmap contain the future plans for Q4 2021 and 2022? You have not established concrete plans for the future?

Jason Eisen | UTU: Q4 is covered in the RoadMap…For 2022, we of course have our roadmap but have not published it yet as we tend to operate quite lean and 9 months is a world away in time and learnings – we wanted to leave some flexibility in the roadmap to integrate all the learning that will happen over the remainder of the year

We are definitely on track to achieve all our Q2 objectives on time

please send coffee to our engineers…

Mary | Satoshi Club: Which are the main goals for Q2?😄

Bastian Blankenburg | UTU: Looks like you might refer to our previous roadmap, from before the update. From our Q2 one, “Launch UTU protocol testnet” is almost ready, “Release Android SDK” is somewhere mid-work, and “Update DeFi Portal” means mostly integrating the now-released SDK to provide direct user feedback, which we just began with (but should be simple enough, given that our SDK is built to be integrated easily).

D. | Satoshi Club: who knows what will happen in this year with market, tough to plan things on 2022 already 😄

Jason Eisen | UTU: We will launch the testnet with the following main features:

The first implementation of the UTU Token (UTT) smart contracts, where you receive UTT for submitting accurate ratings, reviews, and recommendations.

The prototype of the token conversion mechanism, where you can convert UTT to UTU Coin (UTU).

Preliminary models for privacy-preserving endorsements and data usage rights controls.

Initial integration of the testnet’s endorsement smart contracts into our Trust API and SDK.

Mary | Satoshi Club: A lot of events 👏 it sounds like you will have a journey to the moon soon🤣

Bastian Blankenburg | UTU: Also, we do have big plans for the future, the tricky part is that a roadmap requires putting them into an order, but we also have to be responsive to our clients’ experience, market developments etc. So we think that setting things in order for more than a year is dubious, because it will change anyway. But yes, we could maybe add a non-dated “long term plans” section or so.

Mary | Satoshi Club: Sounds logical 😀

D. | Satoshi Club: you have a wise approach 👌

Mary | Satoshi Club: Thank you, guys! And live part is near 😉

Ready for the storm of questions?

Bastian Blankenburg | UTU: Let’s go

Mary | Satoshi Club: Let’s go 🚀

Part 2 — live questions from the Telegram community

Q1 from telegram username @Karoech

If I am just a regular member of the UTU community, is there an opportunity for me to participate in building the UTU project? Do you provide a member engagement program that benefits both the member side and UTU?

Jason Eisen | UTU: We are working on modalities to engage all the trust guardians that are out there and believe in our vision, to make use of the diverse skills and experience from around the world. Just reach out in our TG to our admins about how to become an ambassador/community manager. In Q3 we’ll open up some additional channels for folks to support us

Q2 from telegram username @centoscu

How can we trust to your Trust API about if it collects our private data?

 Bastian Blankenburg | UT: As mentioned, the trust API in its most basic form only requires relationship data. Client apps can decide what other data to provide, and on-chain data can be kept pseudonymous. However, providing more data does allow the AI to make better decisions. So we reward users for providing more data, but everything is opt-in.

Q3 from telegram username @ysasoma

Which countries can currently use the UTU infrastructure?

 Bastian Blankenburg | UT: Apps in any country can use it. Currently the UTU API stores its data in the EU, so a client app should ensure that storing the provided data there  conforms to the app’s jurisdiction.

Q4 from telegram username @mem197

🧨     UTU works as a recommendation service based on reviews from friends, or family, but this makes me wonder about how will UTU work for a person that is the first one starting this sort of chain? What kind of recommendation will be shown and how will it be different then from other review apps if there is no one near them to provide their data and a trustfull review?

Jason Eisen | UTU: This is a great question – the cold start problem. The answer is that we are all way better connected than we realize and our networks often look a lot like us and consume like us. If you think about your phone book, facebook, linkedin – you’re probably connected to like 2/3 thousand people, and each of them is probably connected to two or three thousand people. So your second level network is 3000 to the 3000 power….it’s a lot of people. What’s interesting is that we’ve also learned that trust has an 80% transitive property at the first two levels before dropping to zero. In cases where you don’t have any relational recommendations to be shown, we also work based on similarity of users and contexts

Q5 from telegram username @My1queen

You want to launch testnet with some basic features where users will receive UTT for accurate data. How do you check for accuracy of the data?

 Bastian Blankenburg | UT: We don’t check, because we’re not generally able to decide which data is accurate. Instead, or mechanism is designed to reward “successdul” endorsements (and later other feedback), i.e. those which lead to recommendations which have been followed by others who then also endorsed the service. There’s also a penalty for the reverse situation, i.e. users who follow a recommendation and then leave negative feedback. Together this should lead to users trying to leave truthful feedback.

Q6 from telegram username @meml97

🧨     It is not a secret for anyone that apps like Instagram, Facebook and such, tend to trespass our privacy without us even knowing to obtain more information in order to give recommendations more suitable to us. So, with this said, how will we know that UTU is not “spying” on us like those apps? What guarantee do you give us that will make us sure that the information we decide to provide you is the only one you really get? @databu @UTUman

Jason Eisen | UTU: We believe in data as human right and are building to this effect. It’s why we dencentralized our trust infrastructure, to ensure it’s perpetual benevolence for the net.

Q7 from telegram username @K2ice

Is there any form of sales for the UTT tokens or the tokens are just only awarded for participation in the system?

Bastian Blankenburg | UTU: UTT can never be bought, only earned through participation.

Q8 from telegram username @smelekin

What is the service fee you require from your partners, users and customers?

Jason Eisen | UTU: We are still iterating on business models but generally working with a pay as you go consumption fee model – $0.01 or less per query of the API depending on volume, with a free tier for small projects to build on our infrastructure from the start when they have limited resources.

Q9 from telegram username @Johana0012

Trust” is based primarily on personal relationships with respect to human actors (but may have additional transactional components), as well as the type of interaction (eg, requesting a certain type of service) and its  context.  What are the data that a user has to provide to UTU in order to enjoy the recommendation system?  If the user refuses to provide data to UTU, will she still receive a recommendation system?  How do you carry out the analysis of personal relationships? @databu @UTUman

Jason Eisen | UTU: Absolutely…much of our work over the past years has been about identifying the relevant context factors you mention for different sectors, countries, understanding which exogenous factors influence decision-making and how we can model those factors in. Of course the strength of the recommendations we can show is limited by the data a user shares and gives permission for us to use but the value proposition is essentially – Share more data, get better recommendations. It’s up to every user to share data and set their privacy according to their wishes and needs.

Q10 from telegram username @JasmineSha

Is it true that more UTT I have means more trust is granted to me, If so why should I keep trust token UTT with me while I can get tradable UTU token?

According to roadmap, UTU API will make users rate other users, how this will help UTU to achieve the goal, to be the trust infrastructure of the entire internet? are you building a network of trusted people?

 Bastian Blankenburg | UT: > Is it true that more UTT I have means more trust is granted to me

Sort of, it means that you participated and that other users endorsed your endorsements, so there was value that you contributed to the system. But whether other users trust you, is still up them — we never tell users who to trust, we only provide relevant information at the right time to make that decision.

> If so why should I keep trust token UTT with me while I can get tradable UTU token?

Chances are that you’d want to convert part of it to UTU Coin, yes, but this is available only up to some amount per day, and you need to win an auction to do so. Otherwise, having many UTT just might improve your “standing” with other users, as noted above.

Part 3 – Quiz Results

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

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

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/UTUtrust/  

Twitter: http://twitter.com/utu_trust/  

Websites: https://utu.io/   

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Drops. The project is created with the aim of connecting digital collectors with creators, while adding more utility to NFT assets. The AMA took place on April 22 and our guests was Alpha Noder (Founder).

The total reward pool was 500$ + 2 whitelisted addresses and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

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PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Gold Rocket | Satoshi Club: Hello, dear community! We are pleased to announce our AMA with Drops.

Andrés M. | Satoshi Club: Our friends from Drops are here, @alpha_noder welcome to satoshi club.

Gold Rocket | Satoshi Club: How are you doing?

Alpha Noder: terrific, excited for the launch!

Andrés M. | Satoshi Club: How many days left?

Alpha Noder: soon you will find out.

Gold Rocket | Satoshi Club: We are very excited upcoming AMA and we want to hear more news from you, then let’s start in order.

Alpha Noder: We’ve close our private round, and investors will be announced soon, we’ve received a great support from the community, indeed, the foundation is there.

Gold Rocket | Satoshi Club: Btw introduce yourself. How did you get to be involved in crypto & Drops? Tell us please about yourself and your position in Drops.

Alpha Noder: My name is Darius, I’m founder of Drops. Have a background in mobile and web apps development, in 2017 founded crypto development agency, in 2019 created a CRM for medical clinics and in early 2020 got back to crypto.

My friend and cofounder Nick has financial background, worked at Morgan Stanley and Goldman Sachs, our product team consists of 7 seasoned developers with background in cybersecurity and fintech. In last year’s October we fair launched Node Runners NFT game, things we’ve learnt about NFTs and DeFi we’re now implementing in Drops.

Andrés M. | Satoshi Club: Great background, it’s an honor to meet you, so what is the essence of Drops and how did the project come alive?

Alpha Noder: Drops brings DeFi solutions to NFTs, enabling holders to obtain a loan and earn yield with NFT assets.

Q1 from Telegram User @NataliyaKil

For each purchase, I can get up to 5% cashback in DROP tokens. Does cashback accrue instantly from each purchase or after a certain period, for example, a week or a month? What determines the% of cashback accrual and are there any situations when it is not credited at all or burns out? And where can I then spend my cashback?

Alpha Noder: Cashback is obtained when users buy NFTs from the NFT Drops, the reward is sent after the purchase transaction, it’s controlled by the smart contracts.

 The level of cashback depends on how much liquidity the user is staking, so the more liquidity is staked, the higher cashback plan will be, up to 5%.

Andrés M. | Satoshi Club: So, what are the main use cases of $DROP?

Alpha Noder: It can be used as payment to by NFTs. Get whitelisted to rare NFT drops. Additionally, fees collected from the platform are used to buyback tokens from the market and increase liquidity. so DROP gives you access to rare NFTs and has a buy pressure coming from platform fees.

Andrés M. | Satoshi Club: How do you deal with fees? How much is the fee for each purchase?

Alpha Noder: 20% of purchases is allocated to treasury. There are also fees on NFT fractionalization, loans and vaults.

Q2 from Telegram User @Andrey_Seleznov

Drops deck mentions plans of bridging NFT assets from other chains. Cross-chain support is a huge step to becoming a global project IMO! What chains do you plan to expand to? Do you already have some planned partnerships based in other chains?

Alpha Noder: We already have partnership in Polygon, we are also big believers in their impact on NFT space, gaming industry, second chain we’re going to integrate is BSC, that’s for the nearest 3 months.

 Andrés M. | Satoshi Club: Do you have other current partnerships?

Alpha Noder: We’re partnering with NFT projects, there is a number of them in the pipeline. Some names to mention is Doki, Eth-Men, Cometh spaceships.

Andrés M. | Satoshi Club: Do you have your own NFTs designs? could you share them with us?

Alpha Noder: We will have our genesis sneaker NFTs, you can check work in progress on out Twitter.

Drops Genesis 👟 #NFT in the making 👀
To be continued… https://t.co/pg3rBqainC pic.twitter.com/bUZsQ9cYyH

— Drops (@dropslabs) April 9, 2021

Q3 from Telegram User @lukacy

One of the features of drops I will like to ask questions about is the “NFT loan”. To get a loan, we will have to put down a collateral which includes NFT. Apart from using NFT as collateral, what are the other assets we can use as collateral? NFTs are non-fungible tokens and there’s a way we can convert it to fungible tokens and then use it as collateral. Can we use any NFT as collateral? I also

saw a place you talked about dNFT token, how can it be used for obtaining a loan? Will you need any KYC or any other form of verification?

Alpha Noder: Great question!

For collateral we use dNFT tokens – erc20 that represent the NFT, so at first users lock their NFTs to obtain dNFT (erc20) which then can be used as collateral. In a similar way as in Compound or CREAM. Only whitelisted NFTs that have liquidity at Drops will be usable as collateral, there won’t be any KYC, everything is permissionless.

Gold Rocket | Satoshi Club: I see you have thought it through in sufficient detail!

Alpha Noder: yes, we actually gonna launch testnet in a few weeks, most of the work is done already.

Andrés M. | Satoshi Club: Congratulations for that, do you have any announcement channel to follow the big news?

Alpha Noder: we won’t miss you! https://t.me/dropsnft.

Q4 from Telegram User @Winner_don

You have successfully completed your private sale which is a very good development. We could not participate in the private sale but of course, a Public sale is opened for everyone. We are anticipating the public sale. You don’t have any public announcement about it but can you give us a hint about it here? On which platform will you have public sale? Will it be an IDO or an ICO or any other form of offering?

Alpha Noder: Public sale will be in early May; it will happen on a Launchpad. Within next few days we will announce the details!

Andrés M. | Satoshi Club: Actually, one of the rewards for this AMA is to be whitelisted right? Can you give us some details on how to participate?

Alpha Noder: Yes, indeed! Also give us some hints please.

Q5 from Telegram User @Gutike95

You point out that the Drops platform will be built on the Matic Network, offering a no-gas experience, but how will MATIC really relate the NFTs to an ERC20 tokens if it is really part of another chain?

Alpha Noder: Matic network have NFT bridge, which will be released very soon, so it will allow users to move their NFT assets from Ethereum to Matic, we already have DEX on Matic like Quickswap and Sushi, so creating liquidity for erc20 representing NFT won’t be a problem, integrating smart contracts from Ethereum to Matic is quite easy, so no challenges there.

Andrés M. | Satoshi Club: It is a great progress. Btw, to increase the user trust is important to focus the security, have your project been audited?

Alpha Noder: it’s being audited now by Certik also we will have second audit from Zokyo.

Q6 from Telegram User @testercoin

I see when research about the DROPS I see that you already have really good partnerships and projects like Polygon, Cometh, Eth-men, Doki etc… Can you tell us what are the relationships and achievements these partnerships and projects are bringing to DROPS and what features do you want from a project for selecting it as a partner?

Alpha Noder: The main goal of the partnership is to give our partner’s NFT holders more benefits, we are doing this through NFT staking, liquidity, also it helps us to raise awareness about Drops and attract NFT community members.

https://docs.google.com/forms/d/e/1FAIpQLSeIu6-kRK_Owq4w5z8OfSz3YMXvlB1A_flAxDyxLJ6PMRaXww/viewform?usp=sf_link

https://discord.gg/uUPrnqF9tZ

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PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

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

Q1 from Telegram User @boradam

Why the name is Drops? Why choose this name?

Alpha Noder: Drops is related to NFT Drops – event when NFT lands on the platform.

At Drops we will accommodate NFTs from many industries, game items, collectibles and financial NFTs. Hence Drops is place for all NFTs.

 Q2 from Telegram User @JoxesXIII

Can all NFTs be eligible for loans? or someone any criteria or requirements for it? So how is your valuation marked?

Alpha Noder: NFTs that will be usable for loans, will have to have NFT liquidity pool at Drops and have a sufficient amount of liquidity. Valuation of the NFT is based on the NFT fractions, which will have liquidity at Uniswap.

Q3 from Telegram User @topind7

How do I get to participate in DROPS ARTWORK RAFFLES?

Alpha Noder: To participate in raffles, users will have to be whitelisted. There will be conditions for participation, one of which would be staking DROPS tokens.

Q4 from Telegram User @centoscu

Which NFT’s can be staked on the platform? Can I use every NFT or with your partners?

Alpha Noder: Initially it’s the NFTs from our partners that will be usable on the platform. Eventually we will create a more permissionless way for NFT staking.

Q5 from Telegram use @rockmorti

Drops is a good concept, but how will you integrate the community directly with the project? governance, forums, DAO? or will it just be centralized?

Alpha Noder: Drops token will have governance weight, will be able to decide which projects to integrate at the platform, what fees should be set. Community is at the center of our project, we have a framework for engagement.

Q6 from Telegram User @Robotliker1

Are your team anonymous completely? I could not get detail team info please help me? Are you public or not?

Alpha Noder: our team is not anonymous, the information about the team is on the pitchdeck and our website.

Q7 from Telegram User @KeymerS

Talking about your dPoints tokens, could you tell us what utilities it will make? And besides this, could you mention them on which platforms are they listed? or can we really only get them by stake and foolishness?

Alpha Noder: dPoints are obtainable from NFT staking and can be used to buy new NFTs. They are not tradable, can be used only within the platform.

Q8 from Telegram User @cindy_crypto

How can I buy your tokens and how can I win for whitelist?

Alpha Noder: tokens will be on sale at DEX after the public sale. You can win the whitelist by completing Quiz at Satoshi club.

Q9 from Telegram User @ronaldo_super

How can I get being whitelisted to your rare NFT’s?

Alpha Noder: you would have to stake Drops and participate in a raffle, more details will be announced soon.

Q10 from Telegram User @RosemaryBianco

Did you like the AMA with the Satoshi Club community?

Alpha Noder: Love it!

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PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Drops. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

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

English Telegram group: https://t.me/Satoshi_club

Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish

Telegram Channel: https://t.me/satoshi_club_channel

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

Drops Telegram community:

https://t.me/drops_nft